2021-03-31-accounts - Cardiff Young Men's Christian Association

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						Page
Trustees' annual report (incorporating			the	director's	report)
Independent auditor's	report to	the members
Statement offinancial	activities	(including		income and
expenditure account)						13
Statement offinancial	position					14
Statement ofcash flows						15
Notes to the financial	statements					16

financial st	atements ofthe charit	atements ofthe charit	atements ofthe charit	y for the year e	nded	31	March 2	02	1.
Reference	and administrative			details
Registered	charity	name		Cardiff Young	Men's Christian			Association
Charity registration		number		1155885
Company	registration		number	08151495
Principal office and		registered		Cardiff YMCA
office				The Walk
				Roath
				Cardiff
				CF243AG
The trustees
				Mr D Coles Chairperson
				Mr WH Mead
				Mr M O' Brien
				Ms M Rees
				Mrs E Powell
				Mrs S N Keen Jones
				Mr A Maund
				Mr DJoyce
				Mrs M Garrod
				Mr A Bell
				Mr P Richardson					(Retired 21 October 2020)
				MrJ McArdle					(Retired 21 October 2020)
Company	secretary	&	senior
management				Andrew Templeton		(Chief Executive)
Auditor				Carston
				Chartered accountants			&statutory		auditor
				1stFloor, Tudor House
				18Cathedral	Road
				Cardiff
				CF119LJ
Bankers				Lloyds TSBBank pic
				1-4The Globe Centre
				Wellfield Road
				Roath
				Cardiff
Solicitors				Morgan Cole
				Bradley Court
				Park Place
				Cardiff
				CF1 3DP

	Y	ear end	ed 31 INarch	2021
				2021		2020
			Unrestricted	Restricted
		Note	funds f.	funds f	Total funds f	Total funds f
Income and endowments
Donations and legacies		5	181,830	486,718	668,549	565,461
Charitable activities		6		95,000	95,000	95,004
Other trading activities		7				4,855
Investment income		8	95,329		95,329	210,794
Total income			277,159	581,718	858,878	876,114
Expenditure Expenditure on charitable	activities	9,10	256,431	438,678	695,110	685,919
Total expenditure			256,431	438,678	695,110	685,919
Net income			20,728	143,040	163,768	190,195
Transfers between funds			20,800	(20,800)
Net movement in funds			41,528	122,240	163,768	190,195
Reconciliation offunds
Total funds brought forward			259,082	565,572	824,654	634,459
Total funds carried forward			300,610	687,812	988,422	824,654

			31 March	2021
				Note	2021 8	5	2020 f
Fixed assets
Tangible fixed assets				15		587,098	516,252
Current assets
Debtors				16	151,219		53,942
Cash at bank and in	hand				323213		357,108
					474,432		411,050
Creditors: amounts	falling	due within	one year	17	47,741		82,648
Net current assets						426,691	328,402
Total assets less current		liabilities				1,013,789	844,654
Creditors: amounts	falling	due after	more than
one year				18		25,367	20,000
Net assets						988,422	824,654
Funds ofthe charity
Restricted funds						687,812	555,572
Unrestricted funds						300,610	259,082
Total charity funds				22		988,422	824,554

Year en	ded 31 INarch 20	21
		2021	2020
Cash flows from operating activities Net income		163,768	190,195
Adjustments for:
Depreciation oftangible fixed assets		19,555	15,330
Government grant income		(44,046)
Other interest receivable and similar income		(95,329)	(210,794)
Interest payable and similar charges		568
Accrued (income)/expenses		(37,244)	43,261
Changes in:
Trade and other debtors		(97,277)	20,040
Trade and other creditors		(2,261)	(13,476)
Cash generated from operations		(92,266)	44,556
Interest paid		(566)
Interest received		95,329	210,794
Net cash from operating activities		2,495	255,350
Cash flows from investing activities
Purchase oftangible assets		(90,401)	(305,596)
Net cash used in investing activities		(90,401)	(305,597)
Cash flows from financing activities
Government grant income		44,046
Payments offinance lease liabilities		9,967
Net cash from financing activities		54,013
Net decrease in cash and cash equivalents		(33,893)	(50,246)
Cash and cash equivalents at beginning	ofyear	357,108	407,354
Cash and cash equivalents at end ofyear		323213	357,108

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
				8
Donations
Donations -	General	25,868		25,668
Donations -	1910Successor Trustees	100,000		100,000
Grants
Grants receivable		12,116	486,718	498,835
Plasnewydd	Centre Development
Government	grant income	44,046		44,046
Subscriptions
Subscriptions	and memberships
		181,830	486,71e	ee8,549
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
			8
Donations
Donations -	General	12,032		12,032
Donations -	1910Successor Trustees	100,000		100,000
Grants
Grants receivable		7,497	304,341	311,838
Plasnewydd	Centre Development		140,000	140,000
Government	grant income
Subscriptions Subscriptions and memberships		1,591		1,591
		121,120	444,341	565,461

6.	Charitable	activities	activities	activities
							Restriicted	Total Funds	Restricted	Total Funds
							Funds f	2021 f	Funds	2020
	Youth Service		level agreement				95,000	95,000	95,004	95,004
7.	Other trading		activities
							Unrestricted	Total Funds	Unrestricted	Total Funds
							Funds f	2021 f	Funds f	2020 f
	Catering								4,855	4,855
8.	investment	income
							Unrestricted	Total Funds	Unrestricted	Total Funds
							Funds	2021 f	Funds	2020 f
	Other interest		receivable						213	213
	Rental income						95,329	95,329	210,581	210,581
							95,329	95,329	210,794	210,794
9.	Expenditure	on charitable				activities	by fund type
								Unrestricted	Restricted	Total Funds
								Funds f	Funds	2021
	Young People's			Services				96,799	400,132	496,931
	Plasnewydd	Community			Centre			115,018	38,546	153,565
	Support costs							44,614		44,614
								256,431	438,678	695,110
								Unrestricted	Restricted	Total Funds
								Funds	Funds	2020
										f
	Young People's			Services				110,724	359,362	470,086
	Plasnewydd	Community			Centre			149,465	3,501	152,965
	Supportcosts							62,868		62,868
								323,057	362,862	685,919

10.	Expenditure	on charita	ble activi	ties by	activity typ	e
					Activities
					undertaken		Support	Total funds	Total fund
					directly		costs	2021	2020
					E		F	6	E
	Young People's Services Plasnewydd Community Centre Governance costs				496,931 153,565		34,065 7,051 3,498	530,996 160,616 3,498	518,957 163,462 3,500
					650,496		44,614	695,110	685,919
11.	Analysis ofsupport costs
						Analysis of
					Analysis of	support costs
				support costs			activity
					Young	Plasnewydd
					People's	Community
					Services		Centre f	Total 2021	Total 2020
	Staff costs				14,101		7,050	21,151	31,491
	Premises				3,000			3,000	2,604
	Communications and IT				707			707	714
	General office				8,940			8,940	17,308
	Governance	costs			3,500			3,500	3,500
	Support costs - Other				7,316			7,316	7,251
					37,564		7,050	44,614	62,868
12.	Net income
	Net income	is stated after charging/(crediting):
								2021 f	2020
	Depreciation oftangible fixed assets Fees payable for the audit ofthe financial				statements			19,555 3,500	15,330 3,500
13.	Staff costs
	The total staff costs and		employee	benefits for the reporting			period are analysed as		follows:
								2021	2020
								6
	Wages and salaries Social security costs Employer contributions		to pension	plans				407,178 27,602 28,964	381,950 24,835 25,934
								483744	432719

received by the trustees. Tangible fixed assets
	Land and	Fixtures and	Motor
	buildings	fittings	vehicles f	Equipmentf	Total f
Cost
At 1 April 2020	526,828	24,402	14,915	17,329	583,474
Additions	66,776	2,625	21,000		90,401
At 31 March 2021	593,604	27,027	35,915	17,329	673,875
Depreciation
At 1 April 2020	26,190	14,343	14,915	11,774	67,222
Charge for the year	9,889	2,345	4,200	3.121	19,555
At 31 March 2021	36,079	16,688	19,115	14,895	86,777
Carrying amount
At 31 March 2021	557,525	10,339	16,800	2,434	587,098
At 31 March 2020	500,638	10,059		5,555	516,252

16.	Debtors		Year ended 31 March 2021
				2021	2020
				E
	Trade debtors			146,225	42,626
	Prepayments	and accrued income		1,913	5,590
	Other debtors			3,081	5,726
				151,219	53,942
17.	Creditors: amounts		falling due within one year
				2021	2020
				E	E
	Trade creditors			13,250	26,561
	Accruals and deferred		income	10,917	48,161
	Social security	and other taxes		15,000	5,551
	Obligations under finance leases and hire purchase contracts			4,600
	Other creditors			3,974	2,375
				47,741	82,648
18.	Creditors: amounts		falling due after more than one year
				2021	2020
				F	E
	Obligations under finance leases and hire purchase contracts			5,367
	Other creditors			20,000	20,000
				25,367	20,000

The total f as follows:	utu	re minimum lease payments under finance le	ases and hire purchase co	ntracts a
			2021	2020
			E
Not later than		1 year	4,800
Later than	1	year and not later than 5years	5,367
			9,967

								At
			At				31 March	20
		1	April 2020 8	Income	Expendituref	Transfers 8	6	21
Generalfunds			159,082	277,159	(256,431)	20,800	200,610
Designated	Fund-
contingency	reserve		100,000				100,000
			259,082	277,159	(256,431)	20,800	300,610
								At
			At				31 March	20
		1	April 2019 6	Income f	Expenditure	Transfers E	6	20
Generalfunds			90,968	336,769	(323,057)	54,402	159,082
Designated	Fund-
contingency	reserve		100,000				100,000
Designated	Fund-
Plasnewydd	Centre
development			55,000			(55,000)
			245,968	336,769	(323,057)	(598)	259,082

Restricted funds
					At
	At				31 March 20
	1 April 2020	Income	Expenditure F	Transfers	21 6
CCC Community Building	1,049		(254)		795
Garfield Weston
Foundation		30,000	(4,331)		25,669
The Waterloo
Foundation Pears Foundation	28,516 113	34,990	(27,322)		36,184 113
Plasnewydd Centre Development	444,950		(6,306)		438,644
Vale Young Carers-
Families First		57,000	(57,000)
The Skiathos Fund	4,415				4,415
Youth Innovation Grants	12,005	15,000	(9,683)		17,322
Lloyds Bank Foundation
&Community Foundation Wales		40,000	(26,669)		13331
Vale Young Carers	13,835	54,824	(14,106)		54,553
Plasnewydd -Sports
Grant Plan International UK	(384) 8,790	384 23,270	(26,523)		5,537
Police and Crime
Commissioner	90		(90)
YMCA England &Wales
/ All Churches Trust	6,250	13,750			20,000
Cardiff Council - Young Carers Grant	40,000	105,000	(99,200)	(20,800)	25,000
Cardiff CC - Families
First Service I evel
Agreement Healthy Relationships Youth Endowment	5,943	95,000 13,000 72,000	(95,000) (15,206) (29,488)		3,737 42,512
Plasnewydd Centre-
Covid Grants		27,500	(27,500)
	565,572	581,718	(438,678)	(20,800)	687,812

					At
	At				31 March 20
	1 April 2019	Income	Expenditure	Transfers	20
		E	E
CCC Community
Building	1,274	1	(227)		1,048
BBCChildren in Need	4,283	30,541	(34,892)	68
Garfield Weston
Foundation	8,465		(8,465)
The Waterloo
Foundation	30,367	35,000	(36,851)		28,516
Skipton Building Society	1,179		(1,217)	39	1
Pears Foundation	113				113
Plasnewydd Centre
Development	308,450	140,000	(3,500)
Families First - Vale
Capital Grant	1,731		(1,731)
Vale Young Carers-
Families First
The Skiathos Fund	4,840		(425)		4,415
Youth Innovation Grants	8,658	14,550	(11,202)		12,006
Families First SRE/ CSE
Cardiff &Vale	7,081		(7,081)
Lloyds Bank Foundation	1,645	25,000	(26,645)
Vale Young Carers	7,490	69,900	(64,045)	491	13,836
Plasnewydd -Sports
Grant	(384)				(384)
Plan International UK	3,300	39,600	(34,110)		8,790
Police and Crime
Commissioner		20,000	(19,910)		90
YMCA England &Wales
/All Churches Trust		6,250			6,250
Cardiff Council - Young
Carers Grant		40,000			40,000
Cardiff CC - Families
First Service Level
Agreement		95,004	(95,004)
Healthy Relationships		23,500	(17,557)		5,943
Youth Endowment
Plasnewydd Centre-
Covid Grants
	388,492	539,346	(362,862)	598	565,574

construction an	d development ofthe centre:
Phase 1:	Cardiff YMCA (1910)Trust		Et0,000
	The Clothworkers' Foundation		525,000
The work has been completed and the grant will reduce		annually	by depreciation	charges.
Phase 2:	The Moondance Foundation	6150,000
	G C Gibson		52,000
Phase 3(grant	received year ended 31 March 2019):
	Cardiff Council		630,000
	The Tudor Trust		f50,000
	Joseph Strong Trust		E1,000
	Glamorgan Voluntary Services		B7,450
	Cardiff YMCA (1910)Trust		540,000
Phase 3(grant	received year ended 31 March 2020):
	Hodge Foundation	B100,000
	Cardiff County Council		Et0,000
	Cardiff YMCA (1910)Trust		530,000

Analysis ofnet asse	ts between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds		2021
			5		F
Tangible fixed assets Current assets		147,660 226,058	439,438 248,374		587,098 474,432
Creditors less than 1	year	(47,741)			(47,741)
Creditors greater than	1 year	(25,367)			(25,367)
Net assets		300,610	687,812		988,422
		Unrestricted	Restricted	Total Funds
		Funds	Funds		2020
		E			5
Tangible fixed assets		70,253	445,999		516,252
Current assets		291,477	119,573		411,050
Creditors less than 1	year	(82,648)			(82,648)
Creditors greater than	1 year	(20,000)			(20,000)
Net assets		259,082	565,572		824,654
Analysis ofchanges	in net debt
					At
		At 1 Apr 2020 5	Cash flows	31	Mar 2021 6
Cash at bank and in hand		357,108	(33,895)		323213
Debt due within one year			(4,600)		(4,600)
Debt due after one year			(5,367)		(5,367)
		357,108	(43,862)		313,246