REGISTERED CHARITY NUMBER: 1159502
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 7 |
| Independent Examiner's Report | 8 | ||
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 30 |
| Detailed Statement of Financial Activities | 31 | to | 32 |
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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).
The Charity was registered as a Charitable Incorporated Organisation on the 5th December 2014.
The Charity changed its name to Twyn Community Hub on the 22nd January 2019.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To act as a resource for young people up to the age of 25 living in Merthyr Tydfil and the surrounding area by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:
(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
(b) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons."
Public benefit
We have complied with the duty in section 17 of the 2011 Charities Act to have due regard to guidance published by the Commission in respect of our duty to provide public benefit.
Our charity purpose is to act as a resource for young people up to the age of 25 living in Merthyr Tydfil and the surrounding area by providing advice and assistance and organising programmes of physical, educational and other activities.
We have continued to run a Youth club 2 evenings per week however this is now as previously mentioned this has now been moved online with direct contact from youth workers to the young people in terms of daily wellbeing calls, training opportunities, delivered activity packs and volunteering opportunities.
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This year has been a challenging one for Twynyrodyn Community Hub with many new issues to overcome through the Covid-19 pandemic. However, we have extended our reach in terms of creatng positive impact in the community and engaged with many inspiritaional new volunteers which are great positives for us as a charity focused on wellbeing. Throughout this year our young people have faced a challenging time and we have had to be innovative in approach to ensure continued engagement,safety and wellbeing needs are met. Young volunteers have been inspirational in bridging the generation gap and showing humanity to those who are in need within the community, additionally we have seen a growth in the young people with many new ideas already being put forward for 2021. The community support and positive feedback we have received has been instrumental in how we have carried on despite constant challenges and problem solving. However, this has only shown the bravery, kindness and humanity within the community and within Twynyrodyn Community Hub. Consequently, the charity is now looking to expand its objectives to cover all ages and needs with the pandemic uncovering many unmet needs within the community. The following have been achieved this year :
Our Work within the Community has significantly developed over the last year and changed dramatically in approach. Our aims are always centered around improving wellbeing, developing confidence and building self esteem, all of which have been successfully achieved if through very different ways this year. The focus this year was to continue face to face engagement empowering and commending skills people within the community already possess without knowing how valued they are, this has been achieved through different ways of working, not ideal but still positively impactful with skills embedded to take active involvement with the current project and those upcoming.
An example of some of the innovative ways we have delivered activities and the Covid response we have provided include:
Community outreach and wellbeing checks : Regular phone conversations to check wellbeing, referral's and signposting and walkabouts when restric tions allow.
Minibus project : We have acquired a lottery funded minibus in order to allow those facing mobility barriers to attend and benefit fro m all that we offer in the hub.
Covid Response : This has included delivering food parcels, daily hot meals, prescriptions, activity packs and prescriptions to those who need it. This has been a coordinated effort between the staff and the many new volunteers we have inducted.
Activity packs delivery : We have had to adapt our project delivery in order to fulfil our funders criteria and aims, therefore we have delivered activity, baking, wellbeing and gardening packs in accordance with each grant aim in accordance with targeted beneficiaries. Where face to face engagement has been permitted outdoor sessions have still taken place with limited numbers attending indoor sessions.
Events : We have had breakfast with the elves, Christmas grotto, science fair and a Christmas market despite a restrictive year, the community are now planning a summer fate and the further development of our outdoor area and eco garden in preparation of another year of meeting the needs of the community despite challenges.
Community digital project : This was a face to face session delivered to support intergenerational work, however it has had to be adapted to accommodate the restrictions this has included accessing a grant for ipads to lend to those not digitally equipped and facilitating a support project to ensure more people have access to gaining resources online. The activity is in partnership with MVH and the Wales Co-operative Centre- 25 young people were trained by the Wales Co-operative Centre - young people will continue with older residents in the next year to use their devices, this first intergenerational project will be built on to explore further work with older residents
Bingo Fridays : Again this has had to move online with tickets and any needed pens etc sterilized and delivered to those community members who want to engage but lack provisions, presently we are engaging 12 people weekly consistently from ages 13-78 with these sessions and are looking forward to moving back to face to face whenever this is allowed.
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Monthly Book Club : This is also a really successful and empowered group who have consistently attended face to face before Covid and have engaged well with the online book club sessions. This group regularly has 7 attendees.
Environmental group : This group has thrived throughout the current pandemic starting off as a group of 8 young people aged from 11-18 years, however this has grown to cover all ages and has been a life saver as it has been a life saver for many people suffering mental health symptoms. This project looks at the climate and environment for educational purpose s, looks at where food comes from and its benefits and looks to teach healthy and valuable skills.
Additional activities and new projects.
Teddy bear picnic - Designed and carried out within Covid restrictions.
Reboot and refresh project - This aims to relieve loneliness and isolation through connecting to qualified personal trainers and health coache s.
Helping hearts project - This project is NHS funded and intended to limit hospital admissions throughout the winter period where Covid ris ks are greater supporting community members to stay safe and provided for.
Twyn community Hub again this year has made every effort to ensure that everyone could benefit the project. We continue to advertise on our Face-book Page, website, text system alongside marketing through leaflets, partnerships and through our various projects and outreach. We also have maintained good links with the local schools including our local our local Welsh and SEND schools with all sessions being socially inclusive. Our new relationship with Merthyr Council is progressing well - the council now take active involvement in promoting the project to the wider borough of Merthyr Tydfil.
We have also continued to work collaboratively, including the Workers Educational Association, Gellideg Foundation Group, Dowlais Engine House, VAMT, Merthyr Job Centre and Drug Aid - many of who also promote our services. We have also strengthened our links with Merthyr Valleys Homes who have provided support with capital works including re tarmacking our drive to allow our minibus to enter safely.
We constantly evaluate the project including activity feedback, community consultations self & event evaluations. Good sharing practice informs best policy's and working frameworks in order to stay focused on our aims and objectives. The trustees are very confident in our growth as a charity and in our ability to maintain this going forwards ensuring we can still meet the needs of the community whether these be existing or new needs.
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
Grants and Fundraising
Twyn Community Hub has been lucky enough to receive some grant funding from generous organisations, these include:
-Children In Need -Peoples Health Trust 8515- Community Project -MTCBC Service Level Agreement -Peoples Health Trust 8510- Young People Project -Twyn Community Hub- Building Fund -Big Lottery- ABCD -Twyn Community Hub Staffing Fund -Lottery Eco Project -Margaret Davies Charitable Fund -Voluntary Action Merthyr Tydfil Covid 19 -Moondance Foundation Covid-19 -Lottery Covid-19 Top Up Grant -Community Aid Foundation CAF -WCVA Covid19 -Health Board Transformation -Gosling Foundation -Western Power -Legal and General Covid19 -Martin Lewis Fund -Community Foundation In Wales -Legal and General -The Albert Hunt Trust -Lottery Minibus -Newbry Trust -Clothworkers Foundation -Lottery Summer Project -Children in need Top Up -The Bernard and Sunley Foundation -DM Thomas Foundation- Les Mills -WCVA Recovery Fund -Reboot, Rebalance Refresh (VAMT) -Recover Respond (Community Foundation in Wales)
Reserves policy
Twyn Community hub are keenly aware of the need to secure our viability beyond the immediate future. In order to be able to provide reliable services over the longer term. Twyn community hub must be able to absorb setbacks and take advantage of change and opportunity. We provide for this by putting aside, when we afford it, some of our current income as a reserve against future uncertainties.
A minimum level of reserves required for 1 quarter = £15,000Twyn Community Hub accepts that where possible it will need absorb setbacks and take advantage of change and opportunity. Twyn Community provide for this by putting aside, when we afford it, some of our current income as a reserve against future uncertainties.
Twyn community hub will continue to fundraise, welcome donation and use our premises for rental to retain and build reserves. Since our hire charges are significantly cheaper than other local halls, there is unlikely to be a problem increasing our rates if we need too. Twyn Community hub is also expanding its café and catering services to develop further income.
The charity currently holds free reserves of £42,071 (2019: £Nil). The target reserves level, as stated above, is £15,000 being required spend for one financial quarter. Reserves are therefore well in excess of target and trustees and staff have worked hard in order to achieve this result.
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
FUTURE PLANS - IMPACT OF COVID 19
We at Twynyrodyn Community Hub have been and still are fighting the adversities within our community caused and radiating from Covid-19. As a community hub we have felt honoured and motivated to provide preventative measures for some of the issues the community are facing; this has brought to our attention the lack of community support we have and the negative impacts this is continuing to have on our community.
The most challenging issues are as follows:
Practical issues
-
Financial stress caused by self-employment stopping, furlough, extra meals needed for children at home/ extra resources for entertainment/ extra utilities from being at home more/ universal credit cuts and fuel and food inflation. Decreased wages due to isolating, no grant support available.
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Food supply logistics difficulties: Single parent families cannot take children to supermarkets etc and cannot utilise grandparents/ limited food in shops etc/ self-isolation/ shielding/ children with neurodevelopmental issues who had food issues cannot get access to the right/desired foods causing emotional stress on families. Inflated food prices creating unhealthy eating habits.
-
Prescription pickups and drop offs which are usually coordinated by pharmacies are not limited causing distress and ill health stress. Further to this, reviews are being cancelled due to the vaccine programme taking over GP services and therefore many people are going without much needed medication and are not strong enough to demand their rights be met.
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Pension moneys etc, due to GDPR regulations we cannot physically take an individual's cash card and withdraw cash for the payment of peoples shopping etc, therefore older people who rely on post offices and getting out themselves are now facing difficulty and financial distress here, social services cannot access money for these people either. Therefore, we are providing daily hot meals for these individuals and weekly fruit and vegetable and essential food packages.
Emotional issues
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Loneliness and isolation is a massive problem during these times where circumstances are magnified by the current climate. To target this our welfare calling system has been successful in identifying those who need reaching out to and keeping regular contact with. This works well in building trust to be able to identify other needs and being able to provide the safety of regular contact with the outside world. However, this pandemic has had dramatic emotional trauma for so many people and due to the length of it and the uncertainty we still all face mental health is now priority as our suicide numbers have doubled since 2020.
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Boredom has also been an identified issue which in the cases of young families can heighten the risk of emotional abuse in the form of shouting and parental neglect although not always intentional still a harmful effect. To combat this as much as we possibly can we have identified those who attend our messy play, toddler sessions, youth services and community sessions and arranged regular calls, participation in online activity programmes and the receiving of messy play, sensory and activity boxes to relive family pressure.
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Fear off the unknown is also magnifying ill health of the older community members who are facing fear of risks to their own lives which we are finding is increasing by the day. We are finding that talking on the phone a few times daily and sending out little letters or postcards of inspirational is providing a connection which is providing comfort and combats the realisation of how vulnerable people are. As we are now 2 years into the pandemic it is apparent that social services and the NHS are still not able to support the capacity of people that need them and so the amount of people falling into poverty, deprivation and existing barely is the new extortionate and is increasing daily.
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Digital disconnection. We are also finding that there are many people without digital devices or WIFI to stay connected to the outside world or take part in any of our uplifting zoom sessions, to combat this we have connected with the wales Coop digital communities project and sourced funding to initiate a iPad and Wi-Fi dongle lending scheme, something we feel will make a huge emotional impact across all ages.
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
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Risk to vulnerable children, we are finding that even though the vulnerable children in our community are under the radar of social services they are now being left at risk from abusive families, missing meals etc. an issue the summer hunger programme normally combats.
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The lack of social interaction is risking developmental delay in many variables such as mental health, agoraphobia risks, and suicidal ideation. The lack of developmentally needed activities and interaction has long term impacts on later socialisation abilities, boundaries and other essential interaction tools that are needed.
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Self-harm increase is a risk due to intrusive thought escalation and parental observation neglect, a massive concern for lasting effects.
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Stress and anxiety we are finding are increasing across all ages therefore we are in the process of setting up a dedicated emotional wellbeing line with trained councillors and psychologists to spend time rationalising thoughts, calming anxieties, and referring to services to be resumed when normal social life is resumed.
The cost, reach and impact
The cost of this project is increasing daily, as the lock down persists over such a long period with no real end in sight people are becoming more desperate needy and confused and needing more and more support in many ways. We are increasing our reach to young children and older youths sending out sensory, craft, science, and wellbeing boxes to provide educational and emotional stimulation. At present we are supporting over 250 older residents, over 190 children ages 0-3, over 240 children and young people and 78 family's units, we have experienced an increase of 65% in families and individuals we are having regular contact with, therefore we feel the impact we are having is dramatic and increasing daily.
At present we are reaching out to Twynyrodyn ward, town ward, Brecon Road, Penydarren and some other outside areas when there is no alternative in their own areas. We have found that Aberfan is facing a real challenge in a deficit of services such as ours and so we are trying to gain additional funding to be able to cover this area. Ultimately this is a huge project to keep our community motivated and cared for to counteract any further negative impacts and limit to freedom.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation.
Recruitment and appointment of new trustees
New Trustees must be interviewed by the current Board of Trustees, and if appointed are informed of their legal obligations under charity law, the decision making process and the business plan and recent financial performance of the charity. The charity aims to recruit people who can offer a range of skills for example personnel, training, finance etc.
Organisational structure
The charity currently has 5 trustees and 5 members. The maximum number of charity trustees is 12. The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1159502
Principal address
TAG Community Centre Glasier Road Twynyrodyn Merthyr Tydfil CF47 0TD
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees
C J Palmer K Smart D McInnes S Hier R Davies
Independent Examiner
Richard I Knoyle FCCA ACA ICAEW Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
Bankers
HSBC Bank Plc 127-128 High Street Merthyr Tydfil CF47 8DN
Charity day to day management
C.J.Palmer
Approved by order of the board of trustees on 24 March 2022 and signed on its behalf by:
C J Palmer - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
Independent examiner's report to the trustees of Twyn Community HUB (Previously known as Twyn Action Group Youth Club)
I report to the charity trustees on my examination of the accounts of Twyn Community HUB (Previously known as Twyn Action Group Youth Club) (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Richard I Knoyle FCCA ACA ICAEW Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
24 March 2022
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 24,455 Charitable activities 3 Youth Club 110,676 Other income 3,910 Total 139,041 EXPENDITURE ON Charitable activities 4 Youth Club 87,527 NET INCOME/(EXPENDITURE) 51,514 Transfers between funds 17 (4,758) Net movement in funds 46,756 RECONCILIATION OF FUNDS Total funds brought forward (76) TOTAL FUNDS CARRIED FORWARD 46,680 |
Restricted funds £ 15,001 479,078 - 494,079 355,857 138,222 4,758 142,980 6,500 149,480 |
2020 Total funds £ 39,456 589,754 3,910 633,120 443,384 189,736 - 189,736 6,424 196,160 |
2019 Total funds £ 15,000 132,774 27,199 174,973 176,836 (1,863) - (1,863) 8,287 6,424 |
|---|---|---|---|
The notes form part of these financial statements
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
BALANCE SHEET
31 DECEMBER 2020
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Stocks 11 Debtors 12 Cash at bank and in hand CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 14 NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
2020 £ 82,741 7,000 10,391 147,353 164,744 (38,723) 126,021 208,762 (12,602) 196,160 46,679 149,481 196,160 |
2019 £ - 3,500 500 42,429 46,429 (40,005) 6,424 6,424 - 6,424 (76) 6,500 6,424 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 March 2022 and were signed on its behalf by:
C J Palmer - Trustee
The notes form part of these financial statements
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash (used in)/provided by investing activities Cash flows from financing activities New loans in year Net cash provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2020 £ 194,923 194,923 (102,601) (102,601) 12,602 12,602 104,924 42,429 147,353 |
2019 £ 30,241 |
|---|---|---|
| 30,241 | ||
| - | ||
| - | ||
| - | ||
| - | ||
| 30,241 12,188 |
||
| 42,429 |
The notes form part of these financial statements
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Increase in stocks Increase in debtors (Decrease)/increase in creditors Net cash provided by operations |
2020 £ 189,736 19,860 (3,500) (9,891) (1,282) 194,923 |
2019 £ (1,863) - (1,500) (500) 34,104 30,241 |
|---|---|---|
- ANALYSIS OF CHANGES IN NET FUNDS
| At 1/1/20 | Cash flow | At 31/12/20 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 42,429 | 104,924 | 147,353 |
| 42,429 | 104,924 | 147,353 | |
| Debt | |||
| Debts falling due after 1 year | - | (12,602) | (12,602) |
| - | (12,602) | (12,602) | |
| Total | 42,429 | 92,322 | 134,751 |
The notes form part of these financial statements
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Legal form
The charity is a charitable incorporated organisation, limited by guarantee.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The following specific policies are applied:
Voluntary income received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition w hen it is treated as deferred income.
Deferred income . Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purpose of the work or project have been completed, approved or cer tified.
Gifts in kind are included in the income and expenditure account where they are applied in carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. The quantifiable benefit is shown as both incoming and expended resources within the appropriate funds. Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate. The value of services provided by volunteers is not quantified.
Investment income is included when receivable.
Other income. This is contributions from restricted funds towards core costs of the organisation. An unrestricted designated fund is to be used to hold all such contributions prior to them being expended.
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.
Tangible fixed assets
Tangible fixed assets are included in the balance sheet at historic cost less accumulated depreciation. Grant receipts which fund fixed asset acquisitions are taken to restricted funds and the appropriate depreciation charge is made against those funds over the expected useful life of the asset.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
continued...
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Pension costs are contributions made by the charitable company to both employees own personal pension schemes together with contributions made to the employees government work place pension scheme.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Going concern
The trustees believe that the organisation's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the organisation's needs and that no material uncertainty exists. See Note 16 for further information.
2. DONATIONS AND LEGACIES
3.
| Donations Service Level Agreement INCOME FROM CHARITABLE ACTIVITIES Activity Grants Youth Club Shop income Youth Club Rental income Youth Club Kitchen income Youth Club Carnival income Youth Club Grants received, included in the above, are as follows: Big Lottery Children In Need Peoples Health Trust VAMT Margaret Davies Charitable Fund Community Aid Foundation Carried forward |
2020 £ 24,456 15,000 39,456 2020 £ 536,169 456 150 52,979 - 589,754 2020 £ 157,407 13,545 16,816 15,300 2,000 9,500 214,568 |
2019 £ - 15,000 15,000 2019 £ 117,749 9,192 4,010 63 1,760 |
2019 £ - 15,000 |
||
|---|---|---|---|---|---|
| 15,000 | |||||
| 132,774 | |||||
| 2019 £ 75,082 8,545 33,322 800 - - |
|||||
| 117,749 |
continued...
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
3. INCOME FROM CHARITABLE ACTIVITIES - continued
| Brought forward Gosling Foundation Moondance Foundation WCVA Health Board Transformation Western Power Martin Lewis Fund DM Thomas Foundation Community Foundation in Wales Legal and General The Albert Hunt Trust The Newbury Trust Clothworkers Foundation The Bernard and Sunley Foundation Helping Hands Project Youth Led Grant Miscellaneous Grants VSEF Small Grants Comic Relief VSEF Grant VSRF Small Grant 4. CHARITABLE ACTIVITIES COSTS Youth Club 5. SUPPORT COSTS Youth Club Governance: Accountancy & independent examination fee HR Management fees |
Direct Costs £ 437,633 |
2020 £ 214,568 5,000 39,840 98,287 7,061 2,200 10,000 1,000 24,000 3,000 3,000 3,000 5,000 5,000 40,000 2,400 15,050 3,000 1,500 53,263 536,169 Support costs (see note 5) £ 5,751 |
2019 £ 117,749 - - - - - - - - - - - - - - - - - - - 117,749 Totals £ 443,384 Governance costs £ 5,751 |
2019 £ 117,749 - - - - - - - - - - - - - - - - - - - 117,749 Totals £ 443,384 Governance costs £ 5,751 |
|---|---|---|---|---|
| £ | ||||
| 2,400 | ||||
| 3,351 | ||||
| 5,751 | ||||
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
The trustees did not receive any emoluments; out of pocket expenses were reimbursed which were not in excess of £Nil (2019: £20).
7. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Average number of employees |
2020 £ 163,642 2,159 165,801 2020 12 |
2019 £ 76,667 922 |
|---|---|---|
| 77,589 | ||
| 2019 8 |
No employees received emoluments in excess of £60,000.
There are no high paid staff.
Included in the above is employers national insurance contributions amounting to £7,983 (2019: £Nil).
The key management of the charity comprises the Directors/Trustees. The total benefits of the the key management personnel of the charity was £Nil (2019: £Nil).
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities Youth Club 15,025 Other income 27,199 Total 42,224 EXPENDITURE ON Charitable activities Youth Club 40,861 NET INCOME/(EXPENDITURE) 1,363 Transfers between funds (2,413) |
Restricted funds £ 15,000 117,749 - 132,749 135,975 (3,226) 2,413 |
Total funds £ 15,000 132,774 27,199 174,973 176,836 (1,863) - |
|---|---|---|
Page 16
continued...
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted funds £ Net movement in funds (1,050) RECONCILIATION OF FUNDS Total funds brought forward 975 TOTAL FUNDS CARRIED FORWARD (75) |
Restricted funds £ (813) 7,312 6,499 |
Total funds £ (1,863) 8,287 6,424 |
|---|---|---|
9. INDEPENDENT EXAMINER'S REMUNERATION
The Independent Examiner’s remuneration constituted an independent examiners fee of £2,400 (2019: £2,100.
10. TANGIBLE FIXED ASSETS
| Improvements to Plant and property machinery £ £ COST Additions 27,574 33,357 DEPRECIATION Charge for year 1,103 8,339 NET BOOK VALUE At 31 December 2020 26,471 25,018 At 31 December 2019 - - 11. STOCKS Stocks 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors |
Motor vehicles Totals £ £ 41,670 102,601 10,418 19,860 31,252 82,741 - - 2020 2019 £ £ 7,000 3,500 2020 2019 £ £ 2,641 - 7,750 500 10,391 500 |
Motor vehicles Totals £ £ 41,670 102,601 10,418 19,860 31,252 82,741 - - 2020 2019 £ £ 7,000 3,500 2020 2019 £ £ 2,641 - 7,750 500 10,391 500 |
Motor vehicles Totals £ £ 41,670 102,601 10,418 19,860 31,252 82,741 - - 2020 2019 £ £ 7,000 3,500 2020 2019 £ £ 2,641 - 7,750 500 10,391 500 |
|---|---|---|---|
| 19,860 | |||
| 82,741 | |||
| - | |||
| 2019 £ 3,500 |
|||
| 2019 £ - 500 |
|||
| 500 |
continued...
Page 17
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|
| Trade creditors Social security and other taxes Other creditors Pension Creditor Deferred income Accrued expenses Credit card |
2020 £ 7,780 4,738 1 559 20,733 1,007 3,905 38,723 |
2019 £ - 989 - 159 33,415 1,667 3,775 40,005 |
||
| Deferred income | Year to 31/12/20 |
Year to 31/12/19 |
||
| £ | £ | |||
| Opening Balance | 33,415 | 2,980 | ||
| Movement in the period | (12,682) | 30,435 | ||
| Deferred income carried forward | 20,733 | 33,415 | ||
Deferred income represents income received from contributing agencies where the contribution was restricted to a fixed time period project which extends beyond the current financial year. Income is deferred on the basis that the contribution was to the project as a whole, the time period of the project was fully disclosed to the contributing agencies and that time period is certain.
The deferred income carried forward is analysed as follows:
| Year to 31/12/20 |
Year to 31/12/19 |
|
|---|---|---|
| Big Lottery ABCD | 19,775 | 18,934 |
| Peoples Health Trust | - | 2,481 |
| Margaret Davies (donation) | - | 2,000 |
| MTCBC SLA | 958 | - |
| Big Lottery Eco Garden | - | 10,000 |
| 20,733 | 33,415 | |
continued...
Page 18
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Other loans (see note 15) 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due in more than five years: Repayable by instalments: WCVA Resilience loan 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds £ Fixed Assets 4,608 Current Assets 60,061 Current Liabilities (17,990) 46,679 |
Other loans (see note 15) 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due in more than five years: Repayable by instalments: WCVA Resilience loan 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds £ Fixed Assets 4,608 Current Assets 60,061 Current Liabilities (17,990) 46,679 |
2020 £ 12,602 2020 £ 12,602 |
2020 £ 12,602 2020 £ 12,602 |
2019 £ - 2019 £ - |
||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31/12/2020 |
Period to 31/12/2019 |
|||
| Funds | Funds | Total Funds | Total Funds | |||
| £ | £ | £ | £ | |||
| 4,608 | 78,134 | 82,742 | - | |||
| 60,061 | 92,080 | 152,141 | 46,429 | |||
| (17,990) | (20,733) | (38,723) | (40,005) | |||
| 46,679 | 149,481 | 196,160 | 6,424 | |||
continued...
Page 19
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS
| Unrestricted funds General Youth Club Fund Designated Fixed Assets Restricted funds Children in Need MTCBC - SLA Peoples Health Trust - Young Peoples Project Big Lottery ABCD Lottery Eco Project Margaret Davies Charitable Fund Peoples Health Trust 8515 - Community Project Community Aid Foundation Voluntary Action Merthyr Tydfil Covid19 Lottery Covid 19 Top Up Grant WCVA Covid 19 Health Board Transformation Martin Lewis Fund The Albert Hunt Trust Lottery Minibus Newbury Trust Clothworkers Foundation Lottery Summer Project Children in Need Top Up The Bernard and Sunley Foundation WCVA Recovery Fund Reboot, Rebalance, Refresh (VAMT) Recover Respond (Community Foundation in Wales) Helping Hearts Project Youth Led Grant WCVA Third Sector Resilience VAMT Dementia Grant Restricted Fixed Assets Fund TOTAL FUNDS |
At 1/1/20 £ (76) - (76) 1,200 - - 5,300 - - - - - - - - - - - - - - - - - - - - - - - - 6,500 6,424 |
Net movement in funds £ 51,705 (192) 51,513 1,476 (4,517) 71 9,082 736 1,155 1,550 6,379 4,030 3,558 (2) 4,561 10,000 1,000 37,415 2,000 5,000 1,151 3,037 5,000 12,444 10,194 2,004 1,549 2,199 33,096 3,723 (19,668) 138,223 189,736 |
Transfers between funds £ (9,558) 4,800 (4,758) - 4,517 (71) (8,823) - (201) - (6,379) - (2,000) 2 (4,561) (10,000) (1,000) (35,170) (2,000) (5,000) (1,151) (2,000) (5,000) (10,703) (1,500) (2,004) - - - - 97,802 4,758 - |
At 31/12/20 £ 42,071 4,608 |
|---|---|---|---|---|
| 46,679 2,676 - - 5,559 736 954 1,550 - 4,030 1,558 - - - - 2,245 - - - 1,037 - 1,741 8,694 - 1,549 2,199 33,096 3,723 78,134 |
||||
| 149,481 | ||||
| 196,160 |
continued...
Page 20
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General Youth Club Fund Designated Fixed Assets Restricted funds Children in Need MTCBC - SLA Peoples Health Trust - Young Peoples Project Big Lottery ABCD Lottery Eco Project Margaret Davies Charitable Fund Peoples Health Trust 8515 - Community Project Community Aid Foundation Gosling Foundation Voluntary Action Merthyr Tydfil Covid19 Lottery Covid 19 Top Up Grant WCVA Covid 19 Health Board Transformation Martin Lewis Fund DM Thomas Foundation - Les Mills Community Foundation in Wales Fund Legal and General The Albert Hunt Trust Lottery Minibus Newbury Trust Clothworkers Foundation Lottery Summer Project Children in Need Top Up The Bernard and Sunley Foundation WCVA Recovery Fund Reboot, Rebalance, Refresh (VAMT) Recover Respond (Community Foundation in Wales) Helping Hearts Project Youth Led Grant WCVA Third Sector Resilience VAMT Dementia Grant Restricted Fixed Assets Fund TOTAL FUNDS |
Incoming resources £ 139,040 - 139,040 8,546 15,001 8,437 75,734 10,282 2,000 8,379 9,500 5,000 9,800 21,378 60,482 7,061 10,000 1,000 4,000 3,000 3,000 45,000 3,000 5,000 5,013 5,000 5,000 53,262 4,999 20,000 40,000 2,400 37,806 5,000 - 494,080 633,120 |
Resources Movement expended in funds £ £ (87,335) 51,705 (192) (192) (87,527) 51,513 (7,070) 1,476 (19,518) (4,517) (8,366) 71 (66,652) 9,082 (9,546) 736 (845) 1,155 (6,829) 1,550 (3,121) 6,379 (5,000) - (5,770) 4,030 (17,820) 3,558 (60,484) (2) (2,500) 4,561 - 10,000 (1,000) - (4,000) - (3,000) - (2,000) 1,000 (7,585) 37,415 (1,000) 2,000 - 5,000 (3,862) 1,151 (1,963) 3,037 - 5,000 (40,818) 12,444 5,195 10,194 (17,996) 2,004 (38,451) 1,549 (201) 2,199 (4,710) 33,096 (1,277) 3,723 (19,668) (19,668) (355,857) 138,223 (443,384) 189,736 |
|---|---|---|
continued...
Page 21
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/1/19 | in funds | funds | 31/12/19 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Youth Club Fund | 1,276 | 415 | (1,767) | (76) | |
| Community HUB Building Fund | (301) | 947 | (646) | - | |
| 975 | 1,362 | (2,413) | (76) | ||
| Restricted funds | |||||
| Big Lottery Fund Grant | 320 | - | (320) | - | |
| Lloyds TSB | (411) | - | 411 | - | |
| Children in Need | 3,324 | (2,124) | - | 1,200 | |
| Coalfields Regeneration Fund | 824 | - | (824) | - | |
| Comic Relief - Community Foundation in | |||||
| Wales | 905 | (905) | - | - | |
| MTCBC - SLA | (5,092) | 2,230 | 2,862 | - | |
| Morrisons Foundation | 503 | (503) | - | - | |
| Awards for All | (394) | 199 | 195 | - | |
| Peoples Health Trust - Young Peoples | |||||
| Project | 5,358 | (5,358) | - | - | |
| Oakdale Trust | 1,000 | (1,000) | - | - | |
| MTCBC - Ffos y Fran Community Fund | 347 | (347) | - | - | |
| Wales Millennium Trust | 251 | (342) | 91 | - | |
| VAMT - Youth Led Grants | 377 | (377) | - | - | |
| Big Lottery ABCD | - | 5,300 | - | 5,300 | |
| Margaret Davies Charitable Fund | - | 2 | (2) | - | |
| 7,312 | (3,225) | 2,413 | 6,500 | ||
| TOTAL FUNDS | 8,287 | (1,863) | - | 6,424 |
continued...
Page 22
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Youth Club Fund Community HUB Building Fund Restricted funds Children in Need Comic Relief - Community Foundation in Wales MTCBC - SLA Morrisons Foundation Awards for All Peoples Health Trust - Young Peoples Project Oakdale Trust MTCBC - Ffos y Fran Community Fund Wales Millennium Trust VAMT - Youth Led Grants Big Lottery ABCD Margaret Davies Charitable Fund Peoples Health Trust 8515 - Community Project TOTAL FUNDS |
Incoming resources £ 26,370 15,854 42,224 8,544 - 14,999 - 4,763 15,391 - - - 799 75,083 2 13,168 132,749 174,973 |
Resources Movement expended in funds £ £ (25,955) 415 (14,907) 947 (40,862) 1,362 (10,668) (2,124) (905) (905) (12,769) 2,230 (503) (503) (4,564) 199 (20,749) (5,358) (1,000) (1,000) (347) (347) (342) (342) (1,176) (377) (69,783) 5,300 - 2 (13,168) - (135,974) (3,225) (176,836) (1,863) |
|---|---|---|
continued...
Page 23
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General Youth Club Fund Community HUB Building Fund Designated Fixed Assets Restricted funds Big Lottery Fund Grant Lloyds TSB Children in Need Coalfields Regeneration Fund Comic Relief - Community Foundation in Wales MTCBC - SLA Morrisons Foundation Awards for All Peoples Health Trust - Young Peoples Project Oakdale Trust MTCBC - Ffos y Fran Community Fund Wales Millennium Trust VAMT - Youth Led Grants Big Lottery ABCD Lottery Eco Project Margaret Davies Charitable Fund Peoples Health Trust 8515 - Community Project Community Aid Foundation Voluntary Action Merthyr Tydfil Covid19 Lottery Covid 19 Top Up Grant WCVA Covid 19 Health Board Transformation Martin Lewis Fund The Albert Hunt Trust Lottery Minibus Newbury Trust Clothworkers Foundation Lottery Summer Project Children in Need Top Up The Bernard and Sunley Foundation WCVA Recovery Fund Reboot, Rebalance, Refresh (VAMT) Recover Respond (Community Foundation in Wales) Helping Hearts Project Youth Led Grant WCVA Third Sector Resilience VAMT Dementia Grant Restricted Fixed Assets Fund |
At 1/1/19 £ 1,276 (301) - 975 320 (411) 3,324 824 905 (5,092) 503 (394) 5,358 1,000 347 251 377 - - - - - - - - - - - - - - - - - - - - - - - - - |
Net movement in funds £ 52,120 947 (192) 52,875 - - (648) - (905) (2,287) (503) 199 (5,287) (1,000) (347) (342) (377) 14,382 736 1,157 1,550 6,379 4,030 3,558 (2) 4,561 10,000 1,000 37,415 2,000 5,000 1,151 3,037 5,000 12,444 10,194 2,004 1,549 2,199 33,096 3,723 (19,668) |
Transfers between funds £ (11,325) (646) 4,800 (7,171) (320) 411 - (824) - 7,379 - 195 (71) - - 91 - (8,823) - (203) - (6,379) - (2,000) 2 (4,561) (10,000) (1,000) (35,170) (2,000) (5,000) (1,151) (2,000) (5,000) (10,703) (1,500) (2,004) - - - - 97,802 |
At 31/12/20 £ 42,071 - 4,608 |
|---|---|---|---|---|
| 46,679 - - 2,676 - - - - - - - - - - 5,559 736 954 1,550 - 4,030 1,558 - - - - 2,245 - - - 1,037 - 1,741 8,694 - 1,549 2,199 33,096 3,723 78,134 |
continued...
Page 24
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
| TOTAL FUNDS | 7,312 8,287 |
134,998 187,873 |
7,171 - |
149,481 |
|---|---|---|---|---|
| 196,160 |
Page 25
continued...
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. 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:
| Unrestricted funds General Youth Club Fund Community HUB Building Fund Designated Fixed Assets Restricted funds Children in Need Comic Relief - Community Foundation in Wales MTCBC - SLA Morrisons Foundation Awards for All Peoples Health Trust - Young Peoples Project Oakdale Trust MTCBC - Ffos y Fran Community Fund Wales Millennium Trust VAMT - Youth Led Grants Big Lottery ABCD Lottery Eco Project Margaret Davies Charitable Fund Peoples Health Trust 8515 - Community Project Community Aid Foundation Gosling Foundation Voluntary Action Merthyr Tydfil Covid19 Lottery Covid 19 Top Up Grant WCVA Covid 19 Health Board Transformation Martin Lewis Fund DM Thomas Foundation - Les Mills Community Foundation in Wales Fund Legal and General The Albert Hunt Trust Lottery Minibus Newbury Trust Clothworkers Foundation Lottery Summer Project Children in Need Top Up The Bernard and Sunley Foundation WCVA Recovery Fund Reboot, Rebalance, Refresh (VAMT) Recover Respond (Community Foundation in Wales) Helping Hearts Project Youth Led Grant WCVA Third Sector Resilience VAMT Dementia Grant |
Incoming resources £ 165,410 15,854 - 181,264 17,090 - 30,000 - 4,763 23,828 - - - 799 150,817 10,282 2,002 21,547 9,500 5,000 9,800 21,378 60,482 7,061 10,000 1,000 4,000 3,000 3,000 45,000 3,000 5,000 5,013 5,000 5,000 53,262 4,999 20,000 40,000 2,400 37,806 5,000 |
Resources Movement expended in funds £ £ (113,290) 52,120 (14,907) 947 (192) (192) (128,389) 52,875 (17,738) (648) (905) (905) (32,287) (2,287) (503) (503) (4,564) 199 (29,115) (5,287) (1,000) (1,000) (347) (347) (342) (342) (1,176) (377) (136,435) 14,382 (9,546) 736 (845) 1,157 (19,997) 1,550 (3,121) 6,379 (5,000) - (5,770) 4,030 (17,820) 3,558 (60,484) (2) (2,500) 4,561 - 10,000 (1,000) - (4,000) - (3,000) - (2,000) 1,000 (7,585) 37,415 (1,000) 2,000 - 5,000 (3,862) 1,151 (1,963) 3,037 - 5,000 (40,818) 12,444 5,195 10,194 (17,996) 2,004 (38,451) 1,549 (201) 2,199 (4,710) 33,096 (1,277) 3,723 |
|---|---|---|
Page 26
continued...
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
| Restricted Fixed Assets Fund TOTAL FUNDS |
- 626,829 808,093 |
(19,668) (491,831) (620,220) |
(19,668) 134,998 187,873 |
|---|---|---|---|
Activities undertaken with each major fund
The restricted funds of the charity have been applied during the year or are held for future expenditure in the following areas:
BBC Children in Need
Three year funding (June 2018 - May 2021) for staffing, activities and contribution to running costs grant funding for toddlers aged under 5 years to encourage and support social and learning skills development in children under 5 through a range of activities including a new messy play session.
MTCBC - SLA
One year's youth provision staffing, running and activity costs to mitigate the impact of income and social disadvantage, and increase wellbeing, participation and active citizenship among young people aged 8 to 25 years.
Big Lottery ABCD
This is a 3 year project. Supporting work with all sections of the community, especially older people in the immediate and wider neighbourhoods to reduce isolation and the impact of low income by facilitating the development of projects and activities based on their interests and skills; encourage intergenerational projects and activities.
People Health Trust - Young Peoples Project (8510)
This is a 2 year project. This fund supports work with young people in the immediate neighbourhood to reduce isolation, and the impact of low income by facilitating the development of projects and activities based on their interests and skills; encourage intergenerational projects and activities.
People Health Trust - Community Project (8515)
This is a 2 year project. This fund supports work with all sections of the community, especially older people in the immediate neighbourhood to reduce isolation, and the impact of low income by facilitating the development of projects and activities based on their interests and skills; encourage intergenerational projects and activities.
Lottery Eco Project
This funding enabled us to build a community garden for fresh produce to be grown, we started out with overgrown brambles etc and have been able to end up with a polytunnel which is safe and accessible, fruit cages and planting areas for community open access.
Margaret Davies Charitable Fund
This funding supported our children in need and young people programme providing resources for sustainable play.
Community Aid Foundation
The community aid foundation funding was used to subsidise our daily hot meal service 7 days a week providing us with funding towards staffing and food resources.
VAMT Covid 19
VAMT supported our covid recovery roadmap through supporting extra staffing hours and utilities for our building to enable our charity to be stable to carry on through such uncertain financial times.
Lottery Covid 19 Top Up Grant
continued...
Page 27
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
Our original lottery project was reviewed and topped up to match extra need hours and volunteer costs throughout the pandemic.
WCVA Covid 19
The WCVA supported our aims to facilitate socialisation in safe spaces, 1-1 and through blended engagement supporting staffing, gardening and cooking resources and volunteer costs for delivery's where face to face participation was restricted.
Health Board Transformation
The health board supported our aims to allow people to be safe at home, lowering the risks for unnecessary hospitalisation and health deterioration, this included daily visits, befriending escorting to appointments and advocacy.
Martin Lewis Fund
This supported core costs of our charity to carry out a covid response.
The Albert Hunt Trust
This was a donation to support core costs.
Lottery Minibus
Due to the increased capacity for our emergency covid response to cover more areas and people the lottery funded us to obtain a fully adapted minibus to utilise to break mobility barriers for our community members, to deliver food more efficiently and to use long into the recovery stage.
Newbury Trust
Core cost contribution.
Clothworkers Foundation
The grant was awarded to help you adapt your services in response to COVID-19.
Lottery Summer Project
This was a half term activity funded programme for our young people facilitating free open access sessions.
Children in Need Top Up
This top up supported our original children in need project supporting children ages 0-5 and increased our capacity for staff to work more hours ensuring that all needs were met and that we had enough staff to take on any new referrals.
The Bernard and Sunley Foundation
This project enabled us to address the Rehabilitation framework using an asset-based approach enabling and empowering those affected directly and indirectly by Covid-19. This was done by assessing challenges and needs on an individualized basis with the person involved to ensure the implantation of self-management skills are introduced early, in avoidance of dependence and reliance from the start.
WCVA Recovery Fund
Staffing and wellbeing co-ordinator funded for the running of our daily hot meal service.
Legal and General
To supply Ipads and digital training to our community to bridge the digital gap that has decreased those without the right equipment and software to obtain food and essential services during the pandemic.
DM Thomas Foundation
Sports equipment and play mats.
Community Foundation in Wales
continued...
Page 28
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
17. MOVEMENT IN FUNDS - continued
Covid recovery and befriending, prescription pickups, extra staffing costs.
Gosling Foundation
Second lockdown staff retention.
Reboot, Rebalance, Refresh (VAMT)
Exercise and food behaviour workshops funded for 6 months.
Recover Respond (Community Foundation in Wales)
Staffing costs to allow small sessions to go ahead with extra staff needed to manage flow and PPE requirements.
Helping Hearts Project
Facilitation of a wellbeing coordinator and dementia champion to support the NHS in taking community referrals and providing individual care plans to alleviate the pressure on the NHS.
Youth Led Grant
This grant supported our young people to produce artwork as a way of self- expression for the community to see and relate to this was a mental health project with art displayed at our hub.
WCVA Third Sector Resilience
This was a gardening and cooking project which allowed rules to be complied with while still meeting peoples needs such as providing hanging basket and gardening workshops.
VAMT Dementia Grant
The dementia grant funded therapy tools such as memory boards, dementia friendly life like cats, dolls etc and staffing to facilitate a lending group.
Restricted Fixed Assets
Restricted Fixed Asset fund represents the amounts set aside to write down the remaining net book value of fixed assets held against restricted funds.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
19. ULTIMATE CONTROLLING PARTY
The Charity is controlled by its Trustees.
20. GIFTS IN KIND
The value of volunteer time is not quantified in terms of money but the time contributed by volunteers is an invaluable resource in terms of the outstanding contribution made by them.
The number of hours contributed by volunteers in the year was approximately 20,000 (2019: 3,000).
continued...
Page 29
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
21. GOING CONCERN
The financial statements have been prepared on a going concern basis. Activities of the charity post 31st December 2020 are subject to additional funding being obtained, but the Trustees are confident this will be received. Since the year end and the continuing Covid 19 situation, we also draw your attention to page 5 of the Trustee Report, which also details how the organisation has adapted and continued to operate successfully in the current environment.
The trustees therefore believe that the organisation's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the organisation's needs and that no material uncertainty exists.
22. ANALYSIS OF DESIGNATED FUNDS
Designated funds represents the amounts set aside to write down the remaining net book value of fixed assets held against unrestricted funds.
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Unamortised fixed assets | 4,608 | - |
| Designated funds | 4,608 | - |
Page 30
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Service Level Agreement Charitable activities Grants Shop income Rental income Kitchen income Carnival income Other income Management fees Other income Total incoming resources EXPENDITURE Charitable activities Wages Pensions Insurance Light and heat Telephone and internet charges Postage and stationery Advertising Equipment purchases Core cost contributions Premises costs Recruitment costs Youth club activity costs Staff training Volunteer and staff expenses Computer costs Sundry youth club costs Tuck shop stock purchases Kitchen stock purchases Trustee expenses Carried forward |
2020 £ 24,456 15,000 39,456 536,169 456 150 52,979 - 589,754 - 3,910 3,910 633,120 163,642 2,159 6,788 5,296 2,172 693 13,144 1,588 63,075 3,625 - 110,057 763 5,070 - 4,162 62 33,401 - 415,697 |
2019 £ - 15,000 |
|---|---|---|
| 15,000 117,749 9,192 4,010 63 1,760 |
||
| 132,774 27,199 - |
||
| 27,199 | ||
| 174,973 76,667 922 2,757 - 2,579 1,909 1,659 1,349 22,818 9,003 100 28,284 596 2,650 667 3,318 14,782 11 20 170,091 |
This page does not form part of the statutory financial statements
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TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Charitable activities Brought forward Professional fees Bank charges Depreciation Support costs Governance costs Independent Examination Fee Professional fees Total resources expended Net income/(expenditure) |
2020 £ 415,697 465 1,611 19,860 437,633 2,400 3,351 5,751 443,384 189,736 |
2019 £ 170,091 2,749 496 - 173,336 2,101 1,399 3,500 176,836 (1,863) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 32