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2025-03-31-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 2025

FOR SWANSEA YMCA

Bevan Buckland Ltd Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

SWANSEA YMCA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Reference and Administrative Details
Report of the Trustees 2to5
Independent Examiner's Repor 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11to23
Detailed Statement of Financial Activities 24

SWANSEA YMCA

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES

SL Owens (resigned 6.8.25) VJ Rees P RTreseder Dlane E F Gilroy (Chair) R Sheen de Jesus R E F Kusu-Orkar A Shereef (appointed 29.4.26)

REGISTERED OFFICE

1 The Kingsway Swansea SA1 5JQ

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

INDEPENDENT EXAMINER Bevan Buckland Ltd Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

Page 1

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 2025. 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.

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:

framework of the sector and in line with the organisation's governing document. continually striving for best practice in governance.

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:

A Skills and Knowledge Audit, along with an EDI survey, is sent out as part of the selection process.

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.

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.

Page2

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Objectives and aims

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 governed by a Board of volunteer Trustees, employs 25 people, and has a small volunteer base.

We are a member of The Council of YMCAs in England & Wales, which currently represents 101 member organisations of which approximately 10 remain in Wales. Through this membership, we are part of the global YMCA movement which represents over 64 million members.

Swansea YMCA (trading as YMCA Swansea) is an independent charity and is responsible for its own governance, policies, reputation, local service provision, focus and fundraising. All monies raised benefit young people and their communities within Swansea and surrounding areas.

YMCA Vision:

For Young People. For Communities. For You.

Swansea YMCA 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.

The core YMCA service areas are:

Our Ethos:

YMCA Swansea intensively supports over 500 vulnerable young people and their families per annum across all of our services. In addition we have engaged with people with whom we do not have a direct relationship on up to 10000 occasions- in schools, events and outreach work. Our main beneficiaries are disadvantaged and vulnerable children and young people and communities due to poverty, ill health and/or discrimination.

Our Social Businesses are:

-Fitness @ Swansea YMCA

-Community Hub/Room Hire including third sector partners

Our Teams:

The Core Business Offerings:

-Managed short term room rentals

Each year our Trustees review our 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 and/or coproduction with service users.

Page3

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Equality

We are committed to equality & diversity and ensuring all of our 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 Swansea.

Strategic Aims

Human Resources - YMCA Swansea staff will have the skills to enable our objectives to be met within a framework that ensures they ar e supported. appraised, valued and developed.

Physical Resources • YMCA Swansea will have the physical resources required to meet its objectives.

Communication - YMCA Swansea will effectively communicate both internally and externally with stakeholders.

Youth Work - YMCA Swansea operates services on behalf of both the statutory and voluntary sector to both support and promote children and young people experiencing disadvantage or discrimination due to circumstances, gender or identity. Our goal is to equip young people to feel empowered and for them to reach their full potential. The Future Generations Act (2015) The rights of children and young people are at the heart of our services.

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

Arts - YMCA Swansea provides arts services and support to enable children, young people· to gain access to arts and music to learn new skills, improve their lives and promote the creative industries.

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

Page4

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRATEGIC REPORT

Achievements and performance

As a result of illness, our former chair Sarah Owens, stepped down from the position in November 2024 and I assumed the role in an interim capacity for the remainder of the financial year. This was then ratified at the AGM.

Our YMCA has been a part of Swansea, in some way or another since 1857. Over that time, we have moved premises and adapted how we work to meet the needs of the community.

Following the Covid period, footfall in Swansea city centre has continued to decline and demand for commercial space has reduced. Despite this, our work has continued to grow and develop.

Our Grade II listed building has placed financial pressure on the charity for a number of years, and this has increased in the past five years. For this reason, we made the difficult decision to place the building on the market. Our focus remains on our mission of delivering charitable work, rather than maintaiining an ageing property. There is a clear, defined strategy in place to support these aims.

The building has not yet been sold. However, we continue to review all available options and remain confident in our long-term, sustainable plans. Our bank continues to support our position.

Our community hub approach remains strong. We continue to work openly and collaboratively with all involved and remain committed to ensuring the building continues to serve the community. We are grateful to our tenants for their flexibility and support over this period.

At the same time, demand for our services has increased significantly. Our expertise and insight are increasingly recognised, including during Government reviews of the Youth Work sector. We were selected as a pilot location for a full Estyn inspection in late March 2025 due to our profile, which we later passed with excellent results.

The Board and I have considered the financial position set out in this report. While ii presents challenges, it also highlights the significant impact of our work. In the period 2024/5, we engaged with young people on nearly 20,000 occasions, including providing more direct support to almost 700 individuals.

Each of these young people represents a reason to remain positive about the future.

Financial review

During the year the company raised income principally from service level agreements, donations and grants, office and room hire and membership of our fitness facility.

This has been a transitional year for the Charity as we seek to focus on, and develop in, our areas of strength in youth work and training.Rises in Bank rates have led to increased loan interest costs, which together with a changing funding landscape where more charities are competing for less money, has led to the trustees reporting a loss for the year of (£86,305).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

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.

Induction and training of new trustees

Following the year end, Mr Adel Shereef was appointed as a trustee.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 17 July 2026 and signed on the board's behalf by:

Pages

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 2025.

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 member of the Institute of Chartered Accountants in England and Wales, 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

  2. 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

  3. 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

Bevan Buckland Ltd Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Date: 17th July 2026

Page 6

SWANSEA YMCA

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
32,483
Charitable activities
4
Fitness Centre
23,893
Room/Ofice Hire
170,827
Projects, Activities & Admin
623,700
Other trading activities
3
400
Total
227,603
623,700
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Projects, Activities & Admin
313,908
623,700
Total
313,908
623,700
NET INCOME/(EXPENDITURE)
(86,305)
RECONCILIATION OF FUNDS
Total funds brought forward
681,173
TOTAL FUNDS CARRIED FORWARD
594,868		 2025
Total
funds
£
32,483
23,893
170,827
623,700
400
851,303
937,608
937,608
(86,305)
681,173
594,868		 2024
Total
funds
£
48,082
24,007
168,456
597,352
12,839
850,736
4,637
865,573
870,210
(19,474)
700,647
681,173

The notes form part of these financial statements

Page 7

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

BALANCE SHEET 31 MARCH 2025

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
PROVISIONS FOR LIABILITIES
19
NET ASSETS
FUNDS
20
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
1,217,382
47,710
(52,279)
(4,569)
(150,491 )
(155,060)
1,062,322
(457,454)
(10,000)
594,868		 Restricted
funds
£		 2025
Total
funds
£
1,217,382
47,710
(52,279)
(4,569)
(150,491 )
(155,060)
1,062,322
(457,454)
(10,000)
594,868
594,868
594,868		 2024
Total
funds
£
1,250,752
86,186
52,017
138,203
(219,447)
(81,244)
1,169,508
(478,335)
(10,000)
681,173
681,173
681,173

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2026 and were signed on its behalf by:

The notes form part of these financial statements

Pages

SWANSEA YMCA

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations (20,522) 30,205
Interest paid (39,814) (43,820)
Net cash used in operating activities (60,336) (13,615)
Cash flows from investing activities
Purchase of tangible fixed assets (11,328) (7,905)
Net cash used in investing activities (11,328) (7,905)
Cash flows from financing activities
New loans in year 355,304
Loan repayments in year (387,559) (59,670)
Capital repayments in year (377)
Net cash used in financing activities (32,632) (59,670)
Change in cash and cash equivalents in
the reporting period (104,296) (81,190)
Cash and cash equivalents at the
beginning of the reporting period 52,017 133,207
Cash and cash equivalents at the end of
the reporting period (52,279) 52,017

The notes form part of these financial statements

Page9

SWANSEA YMCA

NOTES TO THE CASH FLOW STATIEMENT FOR THE YEAR ENDED 31 MARCH 2025


FOR THE YEAR ENDED 31 MARCH 2025
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (86,305) (19,474)
Adjustments for:
Depreciation charges 44,699 41,377
Interest paid 39,814 43,820
Decrease/(increase) in debtors 38,476 (22,020)
Decrease in creditors (57,206) (13,498)
Net cash (used in)/provided by operations (20,522) 30,205

2. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 52,017 (104,296) (52,279)
52,017 (104,296) (52,279)
Debt
Finance leases (377) 377
Debts falling due within 1 year (50,624) 11,373 (39,251)
Debts falling due after 1 year (478,335) 20,881 (457,454)
(529,336) 32,631 (496,705)
Total (477,319) (71,665) (548,984)

The notes form part of these financial statements

Page 10

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

Going Concern

As a largely grant funded organisation, there is always a degree of financial uncertainty within the field that we work. The current economic climate remains unstable and external funding priorities are beyond our control. The trustees, as part of their due diligence, have carefully assessed the impact of the year end net current liability position and considered the material risks that would affect the organisation's ability to continue operating as a going concern in the next twelve months, starting from the date the accounts are signed.

They are as follows;

Renewal of funding may not occur which would affect the ability to meet overheads. The loan covenant has been breached twice in the last five years. Creditors of longstanding debts may require immediate repayment. Property values may fall due to economic and inflationary pressures. Key building tenants may themselves lose funding/income or cease trading.

The trustees are ultimately responsible for risk management, and they are satisfied that appropriate controls and safeguards are in place to mitigate the risks outlined above. We have assessed the operational forecasts for the coming year, along with the necessary strategies, and are satisfied that there are sufficient resources available to continue as a going concern. However, should one or more of the issues above arise over the coming 12 months this could lead to a material uncertainty on going concern. As always, this will be carefully monitored so that appropriate action can be taken at any point should we no longer have that confidence.

We are grateful that our bank, Unity Trust pie, continue to support us with the provision of an overdraft and have recently renewed our loan facility for the next two years.

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.

continued ...

Page 11

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Expenditure

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 resour[c] e 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.

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.

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 12

continued ...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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.

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

3.

2025 2024
£ £
Donations 31,723 48,052
Sundr income 760 30
32,483 48.082
--- ---
OTHER TRADING ACTIVITIES
2025 2024
£ £
Training income 400 12,839
--- ---

continued ...

Page 13

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025

4. INCOME FROM CHARITABLE ACTIVITIES

Activity
Fitness centre income
Room hire
Fitness Centre
Room/Office Hire
Grants
Projects, Activities & Admin
Grants received, included in the above, are as follows:
Children in Need
Swansea Council Young Carers Provision
Garfield Weston
SDF Youth Solutions
CIN Y Talent
Regional Integrated Fund - We Care
Waterloo Foundation
Welsh Government ERF3
Welsh Government
Regional Integrated Fund - Y Hub
Regional Integrated Fund - Young Carers
RDP Youth Solutions "Y-Future"
Neath Port Talbot
Moondance Foundation
Period Povery Grant
WG SWYVO Grant
C F in Wales Grant
Arts Council Wales
Direct Food Suppor Fund
Cheshire Community Fund
Swansea Council LGBTQ+ Tender
Y Bartneriau
Barnados Voice & Influence
Regional Integrated Fund YC Winter Short Breaks
The Austin Bailey Foundation
Music4AII
SWP Youth Trust
Ty Cerdd
SCVS Youth Bank
Postcode Lotter
CMET
National Lottery
Summer Holiday Activity Program
Coast Winter 2023/24
The Alchemy Foundation
GBS re Public Health
The Benefact Trust
YMCA E&W GDN		 2025
£
23,893
170,827
623,700
818,420
2025
£
29,633
52,500
77,868
48,336
513
48,833
55,838
2,708
25,180
1,950
23,050
24,543
5,190
20,000
25,025
420
3,847
36,666
115,723
1,000
2,631
10,000
12,246
623,700
2024
£
24,007
168,456
597,352
789,815
2024
£
23,962
52,326
50,000
12,500
6,468
77,868
27,124
15,000
48,833
55,838
6,982
23,968
734
23,051
1,488
18,181
4,215
2,479
19,715
285
6,185
35,559
1,000
2,135
4,993
1,261
850
19,238
3,066
40,885
5,363
5,800
597,352

continued ...

Page 14

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

5. RAISING FUNDS

Other trading activities

Bad debts
6.
CHARITABLE ACTIVITIES COSTS
Projects, Activities & Admin
7.
SUPPORT COSTS
Projects, Activities & Admin		 Direct
Costs
£
927,454
Finance
£
5,234
---
2025
£
Support
costs (see
note 7)
£
10,154
Support
costs
£
4,920
---
2024
£
4,637
Totals
£
937,608
Totals
£
10,154
---

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Depreciation - owned assets 44,698 41,377
---

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

10. STAFF COSTS

STAFF COSTS
2025 2024
£ £
Wages and salaries
Other pension csts		 541,672
6,808		 541,313
7,975
548,480 549,288

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

The average monthly number of employees during the year was as follows:
2025 2024
Facilities 7 6
Fitness 1 1
Project 18 17
Management 3 4
29 28
-- --

The Key Management Personnel of the Charity received remuneration of £113,075 (31/03/2024: £150,013), this includes gross salary paid, employers national insurance contributions and employers pension contributions.

continued ...

Page 15

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
48,082
Charitable activities
Fitness Centre
24,007
Room/Office Hire
168,456
Projects, Activities & Admin
Other trading activities
12,839
Total
253,384
EXPENDITURE ON
Raising funds
4,637
Charitable activities
Projects, Activities & Admin
268,221
Total
272,858
NET INCOME/(EXPENDITURE)
(19,474)
RECONCILIATION OF FUNDS
Total funds brought frard
700,647
TOTAL FUNDS CARRIED FORWARD
681,173
12.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 1 April 2024
1,694,429
102,677
Additions
2,858
Disposals
(17,116)
At 31 March 2025
1,694,429
88,419
DEPRECIATION
At 1 April 2024
467,416
89,400
Charge for year
32,964
6,282
Eliminated on disposal
(17,116)
At 31 March 2025
500,380
78,566
NET BOOK VALUE
At 31 March 2025
1,194,049
9,853
At 31 March 2024
1,227,013
13,277		 Restricted
funds
£
597,352
597,352
597,352
597,352
Fixtures
and
fittings
£
352,863
8,470
(13,464)
347,869
342,401
5,452
(13,464)
334,389
13,480
10,462		 Total
funds
£
48,082
24,007
168,456
597,352
12,839
850,736
4,637
865,573
870,210
(19,474)
700,647
681,173
Totals
£
2,149,969
11,328
(30,580)
2,130,717
899,217
44,698
(30,580)
913,335
1,217,382
1,250,752

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 16

continued ...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025

12. TANGIBLE FIXED ASSETS- continued

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

COST
At 1 April 2024 and 31 March 2025
DEPRECIATION
At 1 April 2024 and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Fixtures
and
fittings
£
30,760
30,760
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.
16.
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
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.
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 beween two and five years:
Bank loans - 2-5 years		 2025
£
28,666
1,847
17,197
47,710
---
2025
£
39,251
8,185
25,239
5,510
50,709
21,597
150,491
2025
£
457,454
2025
£
39,251
42,010
87,912
2024
£
62,570
2,438
21,178
86,186
---
2024
£
50,624
377
17,342
44,178
3,615
77,264
26,047
219,447
2024
£
478,335
2024
£
50,624
53,161
134,950

continued ...

Page 17

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

16. LOANS- continued

16. LOANS- continued
2025 2024
£ £
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instat 327,532 290,224
17. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Minimum lease payments under finance leases fall due as follows:
Finance leases
2025 2024
£ £
Net obligations repayable:
Within one year 377
18. SECURED DEBTS
The following secured debts are included within creditors:
2025 2024
£
Bank loans 496,705 528,959
Finance leases 377
496,705 529,336

The bank loans and overdrafts are secured by:

Finance leases are secured against the assets they relate.

19. PROVISIONS FOR LIABILITIES

Provisions
20.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.24
£
681,173
681,173		 2025
£
10,000
---
Net
movement
in funds
£
(86,305)
(86,305)		 2024
£
10,000
At
31.3.25
£
594,868
594,868

Page 18

continued ...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS -continued

Net movement in funds, included in the above are as follows:

lnooming
resources
£
Unrestricted funds
General fund
227,603
Restricted funds
Regional Integrated Fund - Y Hub
48,833
Swansea Council Young Carers Provision
52,500
Children In Need
29,633
Regional Integrated Fund - We Care
77,868
Waterloo Foundation
48,336
Welsh Government
513
Regional Integrated Fund - Young Carers
55,838
Neath Port Talbot
2,708
Moondance Foundation
25,180
Period Povery Grant
1,950
WG SWYVO Grant
23,050
Arts Council Wales
24,543
Direct Food Suport Fund
5,190
Swansea Council LGBTQ+ Tender
20,000
Regional Integrated Fund YC Winter Short
Breaks
25,025
Ty Cerdd
420
Postoode Lottery
3,847
CMET
36,666
National Lotter
115,723
The Alchemy Foundation
1,000
GBS re Public Health
2,631
The Benefact Trust
10,000
YMCA E&W GDN
12,246
623,700
TOTAL FUNDS
851,303		 Resources
Movement
expended
in funds
£
£
(313,908)
(86,305)
(48,833)
(52,500)
(29,633)
(77,868)
(48,336)
(513)
(55,838)
(2,708)
(25,180)
(1,950)
(23,050)
(24,543)
(5,190)
(20,000)
(25,025)
(420)
(3,847)
(36,666)
(115,723)
(1,000)
{2,631)
(10,000)
(12,246)
(623,700)
(937,608)
(86,305)

Comparatives for movement in funds

At 1.4.23
£
Unrestricted funds
General fund
700,647
TOTAL FUNDS
700,647		 Net
movement
in funds
£
(19,474)
(19,474)		 At
31.3.24
£
681,173
681,173

oontinued ...

Page 19

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS -continued

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

Incoming
resources
£
Unrestricted funds
General fund
253,384
Restricted funds
Regional Integrated Fund - Y Hub
48,833
Swansea Council Young Carers Provision
52,326
Garfield Weston
50,000
Children In Need
23,962
SDF Youth Solutions
12,500
CIN Y Talent
6,468
Regional Integrated Fund - We Care
77,868
Waterloo Foundation
27,124
Welsh Government ERF3
15,000
Regional Integrated Fund - Young Carers
55,838
RDP Youth Solutions "Y-Future"
6,982
Moondance Foundation
23,968
Period Povery Grant
734
WG SWYVO Grant
23,051
C F in Wales Grant
1,488
Arts Council Wales
18,181
Direct Food Supor Fund
4,215
Cheshire Community Fund
2,479
Swansea Council LGBTQ+ Tender
19,715
Y Bartneriau
285
Barnados Voice & Influence
6,185
Regional Integrated Fund YC Winter Short
Breaks
35,559
The Austin Bailey Foundation
1,000
Music4AII
2,135
SWP Youth Trust
4,993
Ty Cerdd
1,261
SCVS Youth Bank
850
Postcode Lottery
19,238
CMET
3,066
National Lotter
40,885
Summer Holiday Activity Program
5,363
Coast Winter 2023/24
5,800
597,352
TOTAL FUNDS
850,736		 Resources
Movement
expended
in funds
£
£
(272,858)
(19,474)
(48,833)
(52,326)
(50,000)
(23,962)
(12,500)
(6,468)
(77,868)
(27,124)
(15,000)
(55,838)
(6,982)
(23,968)
(734)
(23,051)
(1,488)
(18,181)
(4,215)
(2,479)
(19,715)
(285)
(6,185)
(35,559)
(1,000)
(2,135)
(4,993)
(1,261)
(850)
(19,238)
(3,066)
(40,885)
(5,363)
(5,800)
(597,352)
(870,210)
(19,474)

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

At 1.4.23
£
Unrestricted funds
General fund
700,647
TOTAL FUNDS
700,647		 Net
movement
At
in funds
31.3.25
£
£
(105,779)
594,868
(105,779)
594,868

Page 20

continued ...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025

20. 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:


as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 480,987 (586,766} (105,779)
Restricted funds
Regional Integrated Fund - Y Hub 97,666 (97,666}
Swansea Council Young Carers Provision
Garield Weston
Children In Need		 104,826
50,000
53,595		 (104,826}
(50,000}
(53,595}
SDF Youth Solutions 12,500 (12,500)
CIN Y Talent 6,468 (6,468)
Regional Integrated Fund - We Care 155,736 (155,736)
Waterloo Foundation
Welsh Goverment ERF3
Welsh Government		 75,460
15,000
513		 (75,460)
(15,000)
(513)
Regional Integrated Fund - Young Carers 111,676 (111,676)
RDP Youth Solutions "Y-Future" 6,982 (6,982)
Neath Port Talbot 2,708 (2,708)
Moondance Foundation
Period Povery Grant
WG SWYVO Grant		 49,148
2,684
46,101		 (49,148)
(2,684)
(46,101)
C F in Wales Grant 1,488 (1,488)
Arts Council Wales 42,724 (42,724)
Direct Food Suport Fund 9,405 (9,405)
Cheshire Community Fund 2,479 (2,479)
Swansea Council LGBTQ+ Tender 39,715 (39,715)
Y Bartneriau 285 (285)
Bamados Voice & Influence 6,185 (6,185)
Regional Integrated Fund YC Winter Short
Breaks 60,584 (60,584)
The Austin Bailey Foundation 1,000 (1,000)
Music4AII 2,135 (2,135)
SWP Youth Trust 4,993 (4,993)
Ty Cerdd 1,681 (1,681}
SCVS Youth Bank 850 (850)
Postcode Lottery 23,085 (23,085)
CMET
National Lotter
Summer Holiday Activity Program		 39,732
156,608
5,363		 (39,732)
(156,608)
(5,363)
Coast Winter 2023/24 5,800 (5,800)
The Alchemy Foundation 1,000 (1,000)
GBS re Public Health 2,631 (2,631)
The Benefact Trust 10,000 (10,000)
YMCA E&W GDN 12,246 (12,246)
1,221,052 (1,221,052)
TOTAL FUNDS 1,702,039 (1,807,818) (105,779}
Restricted Funds

The purpose of the restricted funds are detailed below:

Swansea Council Summer of Fun grants provided fun activities for young people and families across Swansea during the school holidays.

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

continued ...

Page 21

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS· continued

Regional Integrated Fund - Y Hub provides a safe environment to support young people in our community and neighbourhood who are at risk of exploitation; it provides not only a safe space to allow in-depth work with young people bit offers a source of hope, empowerment, and education.

Kickstart - a Government backed scheme offering six-month placements open to those aged 16 - 24 who are claiming Universal Credit and at risk of long-term unemployment.

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.

SDF Youth Solutions - Y-Gower project providing opportunities for young people to explore the Gower via trips, visits and activities.

Children In Need Y Talent - for young people aged 5 to 18 to use music and arts as an engagement tool to improve mental health and wellbeing.

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

Swansea Council Young Carers ID Cards.

Regional Integrated Fund We Care Young Carers Project - Young Carers School Work, PSE lessons, professionals training, residentials, trips and activities, forum and podcast

Waterloo Foundation - providing intensive support and "buddy sessions" for young carers and organise family events so that all members of the young carer's family can attend.

CIN Booster Grant - An extension of our grant for Y-Talent using music and creative opportunities as a catalyst for engagement and impactful youth work for young people aged 5-18.

Regional Integrated Fund YMCA Young Carers - weekend wellbeing project for young carers as well as a school drop in provision and homework club. As well as information stalls in the community about young carers and our related services.

RDP Youth Solutions "Y-Future" - Y-Future - a youth led project looking at the environment and climate change.

WCVA Active Inclusion - supporting people to overcome barriers to employment by providing work placements, accredited training and intensive support.

The Peer Action Collective was a research project that engaged, inspired, and motivated young people into discussions about society and the communities in which they live with a particular focus on issues relating to youth violence and the youth justice system.

Charities Aid Foundation Resilience Fund Grant - enables organisations in communities hardest hit by the COVID-19 pandemic to adapt and thrive; to continue to deliver services that support the needs of beneficiaries whilst also building organizational resistance.

Period Poverty Grant - provide free period products to those who access our building and our services Gower Riders - provided funding for a trip for young carers from Swansea and surrounding areas.

Regional Integrated Fund Young Carers Grants - enabled young carers to apply for grants to help them over the Christmas period. This included vouchers and money towards individual needs.

Swansea Carers Centre - funding for the Designing Young Carers Charter event.

Welsh Government SWYVO Grant - LGBTQ+ Co-Ordinator role supporting LGBTQ+ young people, including a youth group, school work, creating training for professionals.

WCVA Third Sector Resilience Fund 3 - grants with a loan element to help third sector organizations build resilience following income reduction due to Covid-19.

Community Fund In Wales Grant - Sessional Workers for Y-Hub project to support the outreach provision and the youth groups aspects of this project.

Arts Council Wales - Salary costs and project costs for Y-Talent to use music as a gateway for youth work including outreach sessions in the community.

continued ...

Page 22

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS - continued

CWVYS Film School gave young people an opportunity to learn about filming and editing from industry professionals, learn new skills and play a part in developing our Y-Legacy series.

Household Support Fund - White goods for our kitchen area used in our work with young people Direct Food Support Fund - provided money to pay for food for our youth groups.

Cheshire Community fund - Sessional Workers for Y-Hub project to support the outreach provision and the youth groups aspects of this project.

Pathways to Work - Employability project which provided support for people not in education, training or employment to find placements or paid employment.

Swansea Council LGBTQ+ Tender - to expand on our LGBTQ+ provision including our youth group and school work advocating for and supporting LGBTQ+ young people

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.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page23

SWANSEA YMCA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Sundry income
Other trading activities
Training 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
Depreciation of tangible fixed assets
Other loan interest
Bank loan interest
Support costs
Finance
Bank charges
Support costs
Accountancy and legal fees
Total resources expended
Net expenditure
2025
£
31,723
760
32,483
400
23,893
170,827
623,700
818,420
851,303
541,672
6,808
10,706
1,420
3,775
110,223
30,541
2,839
2,184
98,854
8,381
2,012
15,012
8,514
44,699
12,582
27,232
927,454
5,234
4,920
937,608
(86,305)		 2024
£
48,052
30
48,082
12,839
24,007
168,456
597,352
789,815
850,736
4,637
541,313
7,975
9,616
1,531
9,976
81,088
41,751
4,101
2,120
42,005
6,697
1,235
14,765
8,419
41,377
12,832
30,988
857,789
1,584
6,200
870,210
(19,474)

This page does not form part of the statutory financial statements

Page24