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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||||||
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||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|
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||||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|
##
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|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|
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|||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|
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|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|
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|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|
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|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|
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|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||
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|||||||||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||
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|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|
##
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||||||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|
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|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||
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|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|
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