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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)|||||||
|Statement
offinancial|position|||||12|
|Statement
of cash flows||||||13|
|Notes to the financial|statements|||||14|
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|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||||||
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|||||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|
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|||||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|
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##
|||||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|
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||||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||||
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|||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|
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|||||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|
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|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|
##
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|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||
##
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##
|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|
##
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##
||||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|
##
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##
|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|
##
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##
##
|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|
##
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##
|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|
##