| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | |||
| Independent auditor's |
report to | the members | ||||
| Statement offinancial |
activities | (including | income | and | ||
| expenditure account) |
||||||
| Statement offinancial |
position | 12 | ||||
| Statement of cash flows |
13 | |||||
| Notes to the financial | statements | 14 |
| Registered | Registered | charity | name | name | Cardiff Young | Men's Christian | Men's Christian | Men's Christian | Association | Association |
|---|---|---|---|---|---|---|---|---|---|---|
| Charity | registration | number | 1155885 | |||||||
| Company | registration | number | 08151495 | |||||||
| Principal | office and | registered | Cardiff YMCA | |||||||
| office | The Walk | |||||||||
| Roath | ||||||||||
| Cardiff | ||||||||||
| CF24 3AG | ||||||||||
| The trustees | Mr D Coles —Chairperson | |||||||||
| Mr A Bell | ||||||||||
| Mr D Joyce | ||||||||||
| Mrs S N Keen Jones | (Resigned 11July 2022) | |||||||||
| Mrs E Powell | ||||||||||
| Ms M Rees | ||||||||||
| Mr WH Mead Mr M O' Brien |
(Resigned 23 November 2021) (Resigned 31March 2022) |
|||||||||
| Mr A Maund | (Resigned 23May 2022) | |||||||||
| Mrs M Garrod | (Resigned l5 June 2022) | |||||||||
| Company | secretary | & | Senior | |||||||
| Management | Andrew Templeton |
(Chief Executive) | ||||||||
| Auditor | Carston | |||||||||
| Chartered accountants |
& statutory | auditor | ||||||||
| 1st Floor, Tudor House | ||||||||||
| 16Cathedral | Road | |||||||||
| Cardiff | ||||||||||
| CF11 9LJ | ||||||||||
| 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 March | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Unrestricted | Restricted | ||||||||
| funds | funds | Total funds | Total funds | ||||||
| Note | E | f | E | E | |||||
| Income and | endowments | ||||||||
| Donations and legacies |
5 | 309,244 | 410,320 | 719,564 | 668,549 | ||||
| Charitable activities |
6 | 103,999 | 103,999 | 95,000 | |||||
| Other trading activities |
7 | 300 | 300 | ||||||
| Investment | income | 8 | 171,826 | 171,826 | 95,329 | ||||
| Total income | 481,370 | 514,319 | 995,689 | 858,878 | |||||
| Expenditure | |||||||||
| Expenditure | on charitable | activities | 9,10 | 300,508 | 506,107 | 806,615 | 695,110 | ||
| Total expenditure | 300,508 | 506,107 | 806,615 | 695,110 | |||||
| Net income | and net movement | in | funds | 180,862 | 8,212 | 189,074 | 163,768 | ||
| Reconciliation offunds |
|||||||||
| Total funds | brought | forward | 300,610 | 687,812 | 988,422 | 824,654 | |||
| Total funds | carried | forward | 481,472 | 696,024 | 1,177,496 | 988,422 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 15 | 570,469 | 587,098 | |||
| Current assets | ||||||
| Debtors Cash at bank and in |
hand | 16 | 139,394 534,843 |
151,219 323,213 |
||
| 674,237 | 474,432 | |||||
| Creditors: amounts | falling | due within one year | 17 | 51,442 | 47,74'I | |
| Net current assets | 622,795 | 426,691 | ||||
| Total assets less current | liabilities | 1,193,264 | 1,013,789 | |||
| Creditors: amounts | falling | due after more than | ||||
| one year | 18 | 15,788 | 25,367 | |||
| Net assets | 1,177,496 | 988,422 | ||||
| Funds ofthe charity | ||||||
| Restricted funds Unrestricted funds |
696,024 481,472 |
687,812 300,610 |
||||
| Total charity funds | 1,177,496 | 988,422 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| Cash flows from operating | activities | ||||
| Net income | 189,074 | 163,768 | |||
| Adjustments for: |
|||||
| Depreciation of tangible fixed assets |
22,890 | 19,555 | |||
| Government grant income |
(6,029) | (44,046) | |||
| Other interest receivable and similar income |
(171,826) | (95,329) | |||
| Interest payable and similar |
charges | 682 | 568 | ||
| Movements in accruals |
(4,855) | (37,245) | |||
| Changes in: |
|||||
| Trade and other debtors | 11,825 | (97,277) | |||
| Trade and other creditors | 3,556 | (2,262) | |||
| Cash generated from operations |
45,317 | (92,268) | |||
| Interest paid |
(682) | (568) | |||
| Rental income received | 171,826 | 95,329 | |||
| Net cash from operating activities |
216,461 | 2,493 | |||
| Cash flows from investing | activities | ||||
| Purchase of tangible assets |
(6,261) | (90,401) | |||
| Net cash used in investing |
activities | (6,261) | (90,401) | ||
| 5- | |||||
| Cash flows from financing | activities | ||||
| Government grant income |
6,029 | 44,046 | |||
| Payments offinance lease |
liabilities | (4,599) | 9,967 | ||
| Net cash from financing activities |
1,430 | 54,013 | |||
| Net increase/(decrease) in Cash and cash equivalents |
cash and cash at beginning |
equivalents ofyear |
211,630 323213 |
(33,895) 357,108 |
|
| Cash and cash equivalents | at end ofyear | 534,843 | 323,213 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| F | E | E | |||
| Donations | |||||
| Donations | - | General | 3,215 | 3,215 | |
| Donations | - | 1910Successor Trustees | 100,000 | 100,000 | |
| Legacies | |||||
| Legacies | 200,000 | 200,000 | |||
| Grants | |||||
| Grants receivable | 410,320 | 410,320 | |||
| Government | grant income | 6,029 | 6,029 | ||
| 309,244 | 410,320 | 719,564 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| F | E | ||||
| Donations | |||||
| Donations | - General | 25,668 | 25,668 | ||
| Donations | - 1910Successor Trustees | 100,000 | 100,000 | ||
| Legacies | |||||
| Legacies | |||||
| Grants | |||||
| Grants receivable | 12,116 | 486,718 | 498,835 | ||
| Government | grant income | 44,046 | 44,046 | ||
| 181,830 | 486,718 | 668,549 |
| Restricted | Total Funds | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| F | F | E | |||||
| Youth | Service | level | agreement | 103,999 | 103,999 | 95,000 | 95,000 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds |
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| E | E | ||||
| 300 | 300 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| F | F | E | F | ||
| Rental | income | 171,826 | 171,826 | 95,329 | 95,329 |
| 9. | Expenditure | on charitable | on charitable | activities | by fund type | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| E | E | E | ||||||
| Young People's Services | 90,325 | 496,998 | 587,323 | |||||
| Plasnewydd | Community | Centre | 157,429 | 9,109 | 166,538 | |||
| Support costs | 52,754 | 52,754 | ||||||
| 300,508 | 506,107 | 806,615 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| F | E | |||||||
| 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 |
| Expenditure | on charitab | le activities |
by activity type | |||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Support | Total funds | Total fund | |||
| directly | costs | 2022 | 2021 | |||
| E | E | E | E | |||
| Young People's Services | 587,323 | 41,266 | 611,373 | 530,995 | ||
| Plasnewydd | Community | Centre | 166,538 | 7,858 | 191,612 | 160,615 |
| Governance | costs | 3,630 | 3,630 | 3,500 | ||
| 753,861 | 52,754 | 806,615 | 695,110 |
| Analysis | of | su | p | port costs | ||||
|---|---|---|---|---|---|---|---|---|
| Young | Plasnewydd | |||||||
| People' s | Community | |||||||
| Services | Centre | Total 2022 | Total 2021 | |||||
| E | F | F | ||||||
| Staff costs | 15,717 | 7,858 | 23,575 | 21,151 | ||||
| Premises | 2,155 | 2,155 | 3,000 | |||||
| Communications | and IT | 1,315 | 1,315 | 707 | ||||
| General | office | 11,452 | 11,452 | 8,940 | ||||
| Governance | costs | 3,630 | 3,630 | 3,500 | ||||
| Support | costs | —Other | 10,627 | 10,627 | 7,316 | |||
| 44,896 | 7,858 | 52,754 | 44,614 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| F | E | ||||
| Depreciation | oftangible | fixed assets | 22,890 | 19,555 | |
| Operating lease rentals |
22,200 | ||||
| Fees payable | for the audit ofthe financial | statements | 3,630 | 3,500 |
| Staff cos | ts | ||||
|---|---|---|---|---|---|
| The total | staff costs and | employee | benefits for the reporting | period are analysed as |
follows; |
| 2022 | 2021 | ||||
| E | |||||
| Wages and salaries | 468,906 | 407,178 | |||
| Social security costs | 32,116 | 27,602 | |||
| Employer | contributions | to pension | plans | 33,510 | 28,964 |
| 534,532 | 463,744 |
| full-time equiv |
alent employees during the year |
is analysed as follows: |
|
|---|---|---|---|
| 2022 | 2021 | ||
| No. | No. | ||
| Management | staff | 2 | 2 |
| Regular staff | 22 | 27 | |
| 24 | 29 |
| Tangible fixed assets | Year end | ed 3'i March |
2022 | ||
|---|---|---|---|---|---|
| Leasehold | |||||
| Land and | Fixtures and | Motor | |||
| buildings | fittings | vehicles | Equipment | Total | |
| E | F | E | E | ||
| Cost | |||||
| At 1 April 2021 | 593,604 | 27,027 | 35,915 | 17,329 | 673,875 |
| Additions | 6,261 | 6,261 | |||
| At 31 March 2022 | 599,865 | 27,027 | 35,915 | 17,329 | 680,136 |
| Depreciation | |||||
| At 1 April 2021 | 36,079 | 16,688 | 19,115 | 14,895 | 86,777 |
| Charge for the year | 13,484 | 2,838 | 4,200 | 2,368 | 22,890 |
| At 31 March 2022 | 49,563 | 19,526 | 23,315 | 17,263 | 109,667 |
| Carrying amount |
|||||
| At 31 March 2022 | 550,302 | 7,501 | 12,600 | 66 | 570,469 |
| At 31 March 2021 | 557,525 | 10,339 | 16,800 | 2,434 | 587,098 |
| Debtors | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| Trade debtors | 136,738 | 146,225 | |||
| Prepayments | and accrued income | 1,197 | 1,913 | ||
| Other debtors | 1,459 | 3,081 | |||
| 139,394 | 151,219 | ||||
| Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | ||||
| F | E | ||||
| Trade creditors | 18,645 | 13,250 | |||
| Accruals and | deferred | income | 11,177 | 10,917 | |
| Social security | and other taxes | 6,421 | 15,000 | ||
| Obligations under finance leases and hire purchase |
contracts | 4,600 | 4,600 | ||
| Other creditors | 10,599 | 3,974 | |||
| 51,442 | 47,741 |
| Creditors: | amounts falling due after more than o |
ne year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | E | |||
| Obligations | under finance leases and hire purchase | contracts | 768 | 5,367 |
| Other creditors | 15,000 | 20,000 | ||
| 15,768 | 25,367 |
| 19. | Finance | lease | lease | s | and hire | and hire | purchase contra |
cts | ||
|---|---|---|---|---|---|---|---|---|---|---|
| The total | future | minimum | lease payments | under finance leases and | hire purchase | contracts are |
||||
| as follows: | ||||||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Not later | than | 1 | year | 4,600 | 4,600 | |||||
| Later than | 1 year | and not | later than 5 years | 768 | 5,367 | |||||
| 5,368 | 9,967 | |||||||||
| 20. | Deferred | income | ||||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Amount | deferred | in year | 5,116 |
| Government | grants | grants | ||||
|---|---|---|---|---|---|---|
| The amounts | recognised in the financial |
statements | for government | grants are as follows: | ||
| 2022 | 2021 | |||||
| E | E | |||||
| Recognised | in income from donations | and legacies: | ||||
| Government | grants income | 6,029 | 44,046 |
| At 1 | At 31 | ||||||
|---|---|---|---|---|---|---|---|
| April 2021 | Income | Expenditure | Transfers | March 2022 | |||
| E | E | ||||||
| General funds |
200,610 | 481,370 | (300,508) | (150,000) | 231,472 | ||
| Designated | Funds: | ||||||
| Contingency | reserve | 100,000 | 100,000 | ||||
| Plasnewydd | Centre | 120,000 | 120,000 | ||||
| Merger | reserve | 30,000 | 30,000 | ||||
| 300,610 | 481,370 | (300,508) | 481,472 | ||||
| At 1 | At 31 | ||||||
| April 2020 | Income | Expenditure | Transfers | March 2021 | |||
| E | E | E | E | E | |||
| General funds |
159,082 | 277,159 | (256,431) | 20,800 | 200,610 | ||
| Designated | Funds: | ||||||
| Contingency | reserve | 100,000 | 100,000 | ||||
| Plasnewydd | Centre | ||||||
| Merger | reserve | ||||||
| 259,082 | 277,159 | (256,431) | 20,800 | 300,610 |
| Restricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At 1 | At 31 | ||||||
| April 2021 | Income | Expenditure | Transfers | March 2022 | |||
| E | E | E | |||||
| CCC Community Building |
795 | 795 | |||||
| Garfield Weston | |||||||
| Foundation | 25,669 | (18,617) | 7,052 | ||||
| The Waterloo Foundation |
36,184 | 34,990 | (29,355) | 41,819 | |||
| Pears Foundation | 113 | (113) | |||||
| Plasnewydd Centre |
|||||||
| Development | 438,644 | (9,109) | 429,535 | ||||
| Vale Young Carers- | |||||||
| Families First |
55,125 | (49,125) | 6,000 | ||||
| The Skiathos Fund | 4,415 | (4,415) | |||||
| Youth Innovation Grants |
17,322 | 15,000 | (7,537) | 24,785 | |||
| Lloyds Bank Foundation | 13,331 | (13,331) | |||||
| Vale Young Carers | 54,553 | 101,774 | (56,444) | 99,883 | |||
| Plan International UK |
5,537 | 36,129 | (34,522) | 7,144 | |||
| YMCA England &Wales |
/ | ||||||
| All Churches Trust |
20,000 | (11,330) | 8,670 | ||||
| Cardiff Council - Young | |||||||
| Carers Grant | 25,000 | 105,000 | (118,355) | 11,645 | |||
| Cardiff CC —Families | First | ||||||
| Service Level Agreement | 103,999 | (94,999) | 9,000 | ||||
| Healthy Relationships— |
|||||||
| Children in Need |
3,737 | 10,000 | (13,737) | ||||
| YC Youth Endowment | 42,512 | (20,118) | 22,394 | ||||
| Healthy Relationships— |
|||||||
| Vale of Glamorgan | 15,000 | (15,000) | |||||
| Healthy Relationships— |
|||||||
| Cardiff Council | 27,302 | 27,302 | |||||
| CC Mental Health |
10,000 | (10,000) | |||||
| 687,812 | 514,319 | (506,107) | 696,024 |
| Analysis ofcharit |
able fu |
nds (continued) |
||||
|---|---|---|---|---|---|---|
| At 1 | At 31 | |||||
| April 2020 | Income | Expenditure | Transfers | March 2021 | ||
| E | F | F | ||||
| CCC Community Building |
1,049 | (254) | 795 | |||
| Garfield Weston | ||||||
| Foundation | 30,000 | (4,331) | 25,669 | |||
| The Waterloo Foundation |
28,516 | 34,990 | (27,322) | 36,184 | ||
| Pears Foundation | 113 | 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 | 40,000 | (26,669) | 13,331 | |||
| Vale Young Carers | 13,835 | 54,824 | (14,106) | 54,553 | ||
| Plasnewydd - Sports |
Grant | (384) | 384 | |||
| Plan International UK |
8,790 | 23,270 | (26,523) | 5,537 | ||
| Police and Crime | ||||||
| Commissioner | 90 | (90) | ||||
| YMCA England &Wales I |
||||||
| 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 Level Agreement | 95,000 | (95,000) | ||||
| Healthy Relationships— |
||||||
| Children in Need |
5,943 | 13,000 | (15,206) | 3,737 | ||
| YC Youth Endowment | 72,000 | (29,488) | 42,512 | |||
| Healthy Relationships— |
||||||
| Vale | ||||||
| Plasnewydd Centre |
—Covid | |||||
| Grants (Waterloo & |
||||||
| Moondance) | 27,500 | (27,500) | ||||
| CC Mental Health |
||||||
| 565,572 | 581,718 | (438,678) | (20,800) | 687,812 |
| Phase | 1: | Cardiff YMCA (1910)Trust | F10,000 |
|---|---|---|---|
| The Clothworkers' Foundation |
F25,000 | ||
| Phase | 2: | The Moondance Foundation |
2150,000 |
| G C Gibson | E2,000 | ||
| Phase | 3 (grant received year ended 31 March 2019): Cardiff Council |
f30,000 | |
| The Tudor Trust | 250,000 | ||
| Joseph Strong Trust Glamorgan Voluntary Services |
E1,000 F7,450 |
||
| Cardiff YMCA (1910)Trust | f40,000 | ||
| Phase | 3 | (grant received year ended 31 March 2020): Hodge Foundation |
2100,000 |
| Cardiff County Council |
F10,000 | ||
| Cardiff YMCA (1910)Trust | 230,000 |
| Analysis of net as | set | s between funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| F | F. | F | |||
| Tangible fixed assets Current assets |
140,139 408,543 |
430,330 265,694 |
570,469 674,237 |
||
| Creditors less than 1 year Creditors greater than 1 year |
(51,442) (15,768) |
(51,442) (15,768) |
|||
| Net assets | 481,472 | 696,024 | 1,177,496 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| F | F | F | |||
| Tangible fixed assets Current assets Creditors less than 1 Creditors greater than |
year 1 year |
147,660 226,058 (47,741) (25,367) |
439,438 248,374 |
587,098 474,432 (47,741) (25,367) |
|
| Net assets | 300,610 | 687,812 | 988,422 |
| Analy | sis ofchang |
es in net debt |
|||
|---|---|---|---|---|---|
| At | At | ||||
| 1 Apr 2021 F |
Cash flows | 31 Mar 2022 f. |
|||
| Cash Debt Debt |
at bank and in hand due within one year due after one year |
323,213 (4,600) (5,367) |
211,630 4,599 |
534,843 (4,600) (768) |
|
| 313,246 | 216,229 | 529,475 |