**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.
Page 1
## **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.
Page 2
## **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.
Page 3
**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.
Page 4
## **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.
- 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.
- 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**
- 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.
- 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.
- 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.
- 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.
Page 5
## **TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
- 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.
- 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.
- Self-harm increase is a risk due to intrusive thought escalation and parental observation neglect, a massive concern for lasting effects.
- 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
Page 6
**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
Page 7
## **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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 8
## **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
Page 9
## **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
Page 10
## **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
Page 11
## **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|
|---|---|---|
2. **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
Page 12
**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...
Page 14
## **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|
||||||
||||||
Page 15
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**
## **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
Page 31
## **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