**REGISTERED CHARITY NUMBER: 1159502**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|26|
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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.
Page 1
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities Overview**
2023 has been a transformative year for Twynyrodyn Community Hub. Rooted in the principles of Asset-Based Community Development (ABCD), our work has increasingly focused on uncovering, mobilising, and celebrating the strengths within our community. Rather than focusing on deficits, we have intentionally nurtured the potential of individuals, the richness of relationships, and the wealth of local knowledge and skills that exist in our neighbourhood.
## **Our work this year has been underpinned by three key priorities:**
1. Fostering wellbeing and resilience across all age groups
2. Creating sustainable, inclusive community spaces and programmes
3. Building social capital through meaningful relationships and community-led action Expanding our Impact Through Funding and Partnership
Thanks to generous support from key funders such as the National Lottery Community Fund Wales, we have been able to embed these priorities in our work, translating funding into tangible and lasting benefits for the people of Twynyrodyn.
This has enabled us to:
" Develop strong, reciprocal relationships with residents, organisations, and stakeholders
" Improve our physical infrastructure, making the Hub more welcoming and accessible
" Provide tailored wellbeing and support services, reducing isolation and improving quality of life
" Strengthen intergenerational connections and foster a deeper sense of belonging
## **Asset-Based Community Development in Action**
Our approach this year has embraced the ABCD philosophy by focusing on:
" Recognising individual gifts and skills - every member of the community has something to contribute
" Encouraging local leadership - empowering residents to co-design and deliver solutions
" Creating opportunities for mutual support - building stronger, more connected neighbourhoods
" Celebrating our successes - highlighting what's strong, not what's wrong
This approach has shifted our role from a provider of services to a facilitator of community-led change.
## **Key Achievements**
1. Food Pantry and Community Support
Our Community Food Pantry has become more than a place for essential supplies - it's a hub of connection, dignity, and mutual aid. By promoting choice, reducing stigma, and encouraging volunteering, we have:
" Supported over 150 households with weekly access to food and essentials
- " Enabled residents to support one another through shared cooking, budgeting tips, and storytelling
- " Reduced food waste and encouraged more sustainable practices
- " Used the Pantry as a gateway to wider support, including financial advice, mental health services, and peer networks.
This initiative reflects our belief that food is community, and that resilience is built one conversation at a time.
## **2. Youth Wellbeing and Development (MTCBC Project)**
Our youth programmes have gone from strength to strength this year, providing safe, engaging, and empowering spaces for young people. Funded in part by Merthyr Tydfil County Borough Council, we have:
Page 2
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
" Delivered weekly sessions focused on mental health, self-esteem, and emotional literacy
" Facilitated opportunities for creative expression, leadership, and decision-making
" Built strong relationships with families, schools, and services to ensure wraparound support
" Created a safe space where young people feel heard, valued, and trusted
## **Outcomes include:**
" Increased confidence and self-belief
" Development of critical life skills including communication, collaboration, and emotional regulation
" Reconnection with education and improved school attendance
" Reduction in antisocial behaviour and improved peer relationships
" Greater aspirations for the future and engagement with training, volunteering, and employment opportunities
## **3. Events that Build Community and Belonging**
We believe that shared experiences are central to social cohesion. This year, we delivered a diverse calendar of inclusive, intergenerational events that brought people together and celebrated local culture, identity, and spirit. These included:
" Seasonal events like our Christmas Market, Breakfast with the Elves, Halloween Maze, and VE Day Tea
" Cultural workshops and celebrations that highlighted the diversity of our community
" Volunteering opportunities that empowered residents to take ownership and lead
" Shared meals and story-sharing spaces, building trust, healing division, and strengthening connections
These events are designed to celebrate assets, build trust, and increase participation from across the community.
## **4. Digital Inclusion and Infrastructure**
Our Digital Community Project has continued to bridge the digital divide:
" Refurbished donated laptops and tablets for a new community device lending library
" Delivered basic IT training, helping residents access services, education, and employment
" Supported digital confidence and independence for older residents and those with additional needs
With the help of Merthyr Valleys Homes, we also completed critical capital works including:
" Driveway resurfacing to enable safer access for our community minibus
" The development of a dedicated community car park, addressing safety and accessibility issues
" Investment in improving the physical environment of the Hub, making it more inclusive and fit-for-purpose
## **Community Benefit and Lasting Change**
Our work has led to a wide range of long-term positive outcomes, including:
- " Reduced social isolation, especially for elderly and vulnerable residents
- " Increased community participation, with over 70 new volunteers joining us this year
- " Greater inter-agency collaboration, reducing duplication and improving outcomes
- " Strengthened neighbourhood identity, with residents expressing renewed pride in their area
" Improved life chances, particularly among young people and families
## **Partnerships and Collaboration**
Collaboration remains central to our ethos. In 2023, we have worked with a wide network of partners, including:
" Local schools (Greenfields School, Twynyrodyn Primary)
" Gellideg Foundation Group
- " VAMT, Dowlais Engine House, Workers Educational Association
Page 3
**TWYN COMMUNITY HUB**
**(PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
- " Bridges into Work, Merthyr Job Centre, Drug Aid, Glynmil Travellers Site
- " Cwm Taf Morgannwg Partnership Board and Merthyr Steering Groups
These partnerships have extended our reach, improved our impact, and ensured that the voices of our community are heard across the borough and beyond.
## **Monitoring, Evaluation and Forward Focus**
Our programmes are evaluated through:
- " Regular community consultations and surveys
- " Feedback at events and during service delivery
- " Trustee-led reviews of impact data and case studies
- " Ongoing reflective practice with staff and volunteers
These mechanisms help ensure we remain responsive, relevant, and rooted in the real needs and aspirations of our community.
## **Looking Forward**
As we look ahead to 2024, we are committed to:
- " Embedding ABCD further in our planning, delivery, and leadership development
- " Continuing to grow our volunteer base through skill-sharing and community mentoring
- " Expanding our youth provision and increasing targeted support for marginalised groups
- " Deepening our impact on sustainability, access, and mental health
We are proud of the journey so far and confident in our direction. Our community is not defined by its challenges, but by its strengths - and we remain committed to walking alongside them every step of the way.
On behalf of the Trustees, we extend heartfelt thanks to our volunteers, partners, and residents. Your resilience, kindness, and determination continue to inspire everything we do.
## **FINANCIAL REVIEW**
## **Grants and Fundraising**
Twyn Community Hub has been lucky enough to receive some grant funding from generous organisations, these can be seen in note 4 in the accounts.
## **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 = £15,000. Twynyrodyn 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.
The charity currently holds free reserves of £Nil (2022: £Nil). The target reserves level, as stated above, is £15,000 being required spend for one financial quarter. The charity will make every effort in the coming years to increase free reserve to this level..
Twyn community hub will continue to fundraise, welcome donations 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.
Page 4
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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. 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
## **Trustees**
C J Palmer K Smart D McInnes S Hier R Davies
## **Independent Examiner**
Richard I Knoyle ACA FCCA 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 17 June 2025 and signed on its behalf by:
C J Palmer - Trustee
Page 5
## **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 2023.
## **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**
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 ACA FCCA The Institute of Chartered Accountants in England and Wales
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
17 June 2025
Page 6
**TWYN COMMUNITY HUB**
## **(PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
1,164
**Charitable activities**
4
Youth Club
1,771
Other trading activities
3
595
Other income
3,721
**Total**
7,251
**EXPENDITURE ON**
**Charitable activities**
5
Youth Club
2,678
**NET INCOME/(EXPENDITURE)**
4,573
**Transfers between funds**
19
(4,429)
**Net movement in funds**
144
**RECONCILIATION OF FUNDS**
Total funds brought forward
(7,046)
**TOTAL FUNDS CARRIED FORWARD**
(6,902)|Restricted
funds
£
14,997
214,285
-
-
229,282
232,435
(3,153)
4,429
1,276
48,952
50,228|2023
Total
funds
£
16,161
216,056
595
3,721
236,533
235,113
1,420
-
1,420
41,906
43,326|2022
Total
funds
£
47,526
243,421
7,210
2,551
300,708
367,473
(66,765)
-
(66,765)
108,671
41,906|
|---|---|---|---|
The notes form part of these financial statements
Page 7
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **BALANCE SHEET**
## **31 DECEMBER 2023**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Stocks
13
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
16
**NET ASSETS**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
£
48,956
7,000
6,510
54,397
67,907
(59,610)
8,297
57,253
(13,927)
43,326
(6,904)
50,230
43,326|2022
£
61,397
6,500
5,769
40,001
52,270
(56,009)
(3,739)
57,658
(15,752)
41,906
(7,046)
48,952
41,906|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 June 2025 and were signed on its behalf by:
C J Palmer - Trustee
The notes form part of these financial statements
Page 8
**TWYN COMMUNITY HUB**
## **(PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating 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**|2023
£
14,396
14,396
14,396
40,001
54,397|2022
£
4,062
4,062
4,062
35,939
40,001|
|---|---|---|
The notes form part of these financial statements
Page 9
## **TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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)/decrease in debtors
Increase in creditors
**Net cash provided by operations**|2023
£
1,420
12,441
(500)
(741)
1,776
14,396|2022
£
(66,765)
14,852
-
16,497
39,478
4,062|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**|At 1/1/23
£|Cash flow
At 31/12/23
£
£|
|---|---|---|
|Cash at bank and in hand|40,001|14,396
54,397|
||40,001|14,396
54,397|
|**Debt**|||
|Debts falling due within 1 year|-|(1,825)
(1,825)|
|Debts falling due after 1 year|(15,752)|1,825
(13,927)|
||(15,752)|-
(15,752)|
|**Total**|24,249|14,396
38,645|
The notes form part of these financial statements
Page 10
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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, registered in England and Wales.
## **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 when 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 certified.
**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.
Improvements to property - 4% on cost Plant & machinery - 25% reducing balance Motor vehicles - 25% reducing balance
continued...
Page 11
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES - continued**
## **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.
## **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 23 for further information.
## **2. DONATIONS AND LEGACIES**
|Donations
Service Level Agreement
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Trip income|2023
£
1,161
15,000
16,161
2023
£
595
-
595|2022
£
32,526
15,000
47,526
2022
£
5,499
1,711
7,210|
|---|---|---|
continued...
Page 12
## **TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **4. INCOME FROM CHARITABLE ACTIVITIES**
|Activity
Grants
Youth Club
Rental income
Youth Club
Sundry club income
Youth Club
Meal on Wheels
Youth Club
Grants received, included in the above, are as follows:
Biffa
Children In Need
Merthyr Valleys Homes
VAMT
Community Foundation in Wales
Merthyr Tydfil County Borough Council
ASDA Foundation
Council for Wales of Voluntary Youth Services
National Lottery Community Fund
Cwm Taf Morgannwg UHB
NHS Public Health Prevention Fund
Merthyr Tydfil Housing Associaton
Transport For Wales
The National Grid
Marks & Spencer
Wales Millenium Centre
Merthyr Tydfil Global Village
Council for Wales Voluntary Youth Services
Interlink (Just Breathe)
MTCBC (Ambassadors Project)
Welsh Government
**5.**
**CHARITABLE ACTIVITIES COSTS**
Youth Club|Direct
Costs (see
note 6)
£
221,158|2023
£
214,285
1,771
-
-
216,056
2023
£
950
9,342
2,132
1,428
5,000
15,980
-
-
144,896
-
-
4,742
-
-
-
2,000
3,000
7,500
9,000
3,591
4,724
214,285
Support
costs (see
note 7)
£
13,955|2022
£
191,585
-
28,030
23,806
243,421
2022
£
-
9,343
1,171
670
-
11,486
500
8,898
108,717
13,705
20,338
2,757
3,000
10,000
1,000
-
-
-
-
-
-
191,585
Totals
£
235,113|
|---|---|---|---|
continued...
Page 13
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Staff costs
Other costs|2023
£
110,442
110,716
221,158|2022
£
138,545
213,016
351,561|
|---|---|---|
## **7. SUPPORT COSTS**
|**SUPPORT COSTS**||||||
|---|---|---|---|---|---|
|Youth Club
**Governance:**|Information
Governance
Finance
technology
costs
£
£
£
4,083
3,747
6,125||||Totals
£
13,955|
|Accountancy & independent examination fee
Professional Fees|||||£
4,800
1,325
6,125|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
The trustees did not receive any emoluments; out of pocket expenses were reimbursed which were not in excess of £Nil (2022: £Nil).
## **9. STAFF COSTS**
|Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Average number of employees|2023
£
108,394
2,048
110,442
2023
7|2022
£
136,365
2,180
138,545
2022
11|
|---|---|---|
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 £2,728.
The key management of the charity comprises the Directors/Trustees. The total benefits of the the key management personnel of the charity was £Nil (2022: £Nil).
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 2023**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
32,500
**Charitable activities**
Youth Club
51,835
Other trading activities
5,711
Other income
2,291
**Total**
92,337
**EXPENDITURE ON**
**Charitable activities**
Youth Club
78,984
**NET INCOME/(EXPENDITURE)**
13,353
**Transfers between funds**
(56,222)
**Net movement in funds**
(42,869)
**RECONCILIATION OF FUNDS**
Total funds brought forward
35,820
**TOTAL FUNDS CARRIED FORWARD**
(7,049)|Restricted
funds
£
15,026
191,586
1,499
260
208,371
288,489
(80,118)
56,222
(23,896)
72,851
48,955|Total
funds
£
47,526
243,421
7,210
2,551
300,708
367,473
(66,765)
-
(66,765)
108,671
41,906|
|---|---|---|
## **11. INDEPENDENT EXAMINER'S REMUNERATION**
The Independent Examiner’s remuneration constituted an independent examiners fee of £4,800 (2022: £4,080).
## **12. TANGIBLE FIXED ASSETS**
|Improvements
to
Plant and
property
machinery
£
£
**COST**
At 1 January 2023 and 31 December 2023
27,574
49,803
**DEPRECIATION**
At 1 January 2023
3,309
27,508
Charge for year
1,103
7,629
At 31 December 2023
4,412
35,137
**NET BOOK VALUE**
At 31 December 2023
23,162
14,666
At 31 December 2022
24,265
22,295|Motor
vehicles
Totals
£
£
35,170
112,547
20,333
51,150
3,709
12,441
24,042
63,591
11,128
48,956
14,837
61,397|
|---|---|
continued...
Page 15
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **13. STOCKS**
**----- Start of picture text -----**
2023 2022
£ £
Stocks 7,000 6,500
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 6,510 5,769
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
-
Other loans (see note 17) 1,825
Trade creditors - 3,000
Social security and other taxes 3,620 3,747
Pension Creditor 1,424 412
Deferred income 41,356 39,974
Accrued expenses 10,800 7,980
Credit card 585 896
59,610 56,009
Year to ear to
Deferred income 31/12/23 31/12/2022
£ £
-
Opening Balance 39,974
Movement in the period 1,382 39,974
Deferred income carried forward 41,356 39,974
**----- End of picture text -----**
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
31/12/23|Year to
31/12/22|
|---|---|---|
|Big Lottery Community Fund
National Lottery Kind Hands Warm Heart
MTCBC|25,171
12,435
3,750
41,356|24,749
11,475
3,750
24,749|
continued...
Page 16
**TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Other loans (see note 17)
**17.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
WCVA Resilience loan
Amounts falling due in more than five years:
Repayable by instalments:
WCVA Resilience loan
**18.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Funds
£
Fixed Assets
8,143
Net Current Assets
(15,047)
(6,904)|Other loans (see note 17)
**17.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
WCVA Resilience loan
Amounts falling due in more than five years:
Repayable by instalments:
WCVA Resilience loan
**18.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Funds
£
Fixed Assets
8,143
Net Current Assets
(15,047)
(6,904)|||2023
£
13,927
2023
£
1,825
13,927|2023
£
13,927
2023
£
1,825
13,927|2022
£
15,752
2022
£
-
15,752|
|---|---|---|---|---|---|---|
||Unrestricted
Funds
£
8,143
(15,047)
(6,904)|Restricted
Funds
£
40,813
9,417
50,230|Year to
31/12/2023
Total Funds
£
48,956
(5,630)
43,326||Year to
31/12/2022
Total Funds
£
61,399
(19,493)
141,906||
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 2023**
## **19. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
||At 1/1/23||in funds|funds|31/12/23|
||£||£|£|£|
|**Unrestricted funds**||||||
|General Youth Club Fund|(19,493)||8,875|(4,429)|(15,047)|
|Designated Fixed Assets|12,447||(4,304)|-|8,143|
|**Restricted funds**|(7,046)||4,571|(4,429)|(6,904)|
|Children in Need||-|1|(1)|-|
|Restricted Fixed Assets Fund|48,952||(8,139)|-|40,813|
|Mega Stars||-|(579)|579|-|
|Fit & Fed||-|2|(2)|-|
|Transport for Wales Outdoor Grant||-|(2,132)|2,132|-|
|Summer of Fun||-|1,925|-|1,925|
|Warm Hearts (National Grid)||-|(1,962)|1,962|-|
|Kind Hands Warm Heart (NLF)||-|960|(960)|-|
|Sew Grant Fund||-|(753)|753|-|
|Disability Fit & Fed Fund||-|(1)|1|-|
|Ambassadors Project Fund||-|33|(33)|-|
|Community Cohesion||-|8|(8)|-|
|Just Breathe Fund||-|(6)|6|-|
|Winter Youth Fund||-|3,108|-|3,108|
|MTCBC Food Poverty Grant Fund||-|1,384|-|1,384|
|Global Village Grant Fund||-|3,000|-|3,000|
||48,952||(3,151)|4,429|50,230|
|**TOTAL FUNDS**|41,906||1,420|-|43,326|
|||||||
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 2023**
## **19. 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
Restricted Fixed Assets Fund
Mega Stars
National Lottery Community Fund -
Connecting Com
Fit & Fed
Transport for Wales Outdoor Grant
Summer of Fun
Warm Hearts (National Grid)
This is Me (MTCBC)
Kind Hands Warm Heart (NLF)
Sew Grant Fund
Child Poverty Strategy Grant Fund
Disability Fit & Fed Fund
Ambassadors Project Fund
Community Cost of Living Fund
Community Cohesion
Just Breathe Fund
Winter Youth Fund
MTCBC Food Poverty Grant Fund
Global Village Grant Fund
Miscellaneous Small Grants Fund
**TOTAL FUNDS**|Incoming
resources
£
7,252
(1)
7,251
9,342
15,000
(1)
(1)
98,996
4,742
-
7,775
-
700
45,900
-
4,724
2,132
3,591
5,000
1,905
8,999
7,500
5,000
3,000
4,978
229,282
236,533|Resources
Movement
expended
in funds
£
£
1,623
8,875
(4,303)
(4,304)
(2,680)
4,571
(9,341)
1
(15,000)
-
(8,138)
(8,139)
(578)
(579)
(98,996)
-
(4,740)
2
(2,132)
(2,132)
(5,850)
1,925
(1,962)
(1,962)
(700)
-
(44,940)
960
(753)
(753)
(4,724)
-
(2,133)
(1)
(3,558)
33
(5,000)
-
(1,897)
8
(9,005)
(6)
(4,392)
3,108
(3,616)
1,384
-
3,000
(4,978)
-
(232,433)
(3,151)
(235,113)
1,420|
|---|---|---|
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 2023**
## **19. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General Youth Club Fund
Community HUB Building Fund
Designated Fixed Assets
**Restricted funds**
MTCBC - SLA
Margaret Davies Charitable Fund
Peoples Health Trust 8515 - Community
Project
Lottery Covid 19 Top Up Grant
Restricted Fixed Assets Fund
All Wales Play
Transport for Wales
Children In Need 2021
Wellbeing for Staff Fund
Loneliness and Isolation Grant
Groundworks
Childcare Incentive Grant
Mega Stars
National Lottery Community Fund -
Connecting Com
Neighbourhood Knowledge
Fit & Fed
Summer of Fun
CWVYS Summer Fun
Medium night 2022
Halloween 2022
My Blurred World - NLF
Warm Hearts (National Grid)
This is Me (MTCBC)
**TOTAL FUNDS**|At 1/1/22
£
19,070
-
16,750
35,820
-
250
1,550
1,558
59,499
-
1,140
1,340
1,286
2,228
1,000
1,000
2,000
-
-
-
-
-
-
-
-
-
-
72,851
108,671|Net
movement
in funds
£
26,674
(9,015)
(4,303)
13,356
(10,924)
(250)
(1,550)
(1,558)
(10,547)
(1,137)
(1,140)
(7,382)
(1,286)
(4,456)
(2,000)
(2,000)
(4,000)
(31,954)
429
118
(2,909)
4,418
14
(3)
229
(1,495)
(738)
(80,121)
(66,765)|Transfers
between
funds
£
(65,237)
9,015
-
(56,222)
10,924
-
-
-
-
1,137
-
6,042
-
2,228
1,000
1,000
2,000
31,954
(429)
(118)
2,909
(4,418)
(14)
3
(229)
1,495
738
56,222
-|At
31/12/22
£
(19,493)
-
12,447
(7,046)
-
-
-
-
48,952
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
48,952
41,906|
|---|---|---|---|---|
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 2023**
## **19. 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
Designated Fixed Assets
**Restricted funds**
MTCBC - SLA
Margaret Davies Charitable Fund
Peoples Health Trust 8515 - Community
Project
Lottery Covid 19 Top Up Grant
Restricted Fixed Assets Fund
All Wales Play
Transport for Wales
Children In Need 2021
Wellbeing for Staff Fund
Loneliness and Isolation Grant
Groundworks
Childcare Incentive Grant
Mega Stars
National Lottery Community Fund -
Connecting Com
Neighbourhood Knowledge
NHS - Prevention funding
Fit & Fed
Transport for Wales Outdoor Grant
Summer of Fun
CWVYS Summer Fun
Medium night 2022
Halloween 2022
My Blurred World - NLF
Warm Hearts (National Grid)
This is Me (MTCBC)
Youth Led Christmas Cheer (VAMT)
Marks & Spencer (Neighbourly)
Christmas Events
Merthyr Valleys Homes (Sewing Bee)
Grant
**TOTAL FUNDS**|Incoming
resources
£
92,338
-
-
92,338
15,000
-
-
-
1
6,878
260
9,343
-
1
-
-
-
98,861
13,706
20,338
2,757
3,000
3,909
8,899
300
422
9,857
10,000
700
670
1,000
1,297
1,171
208,370
300,708|Resources
Movement
expended
in funds
£
£
(65,664)
26,674
(9,015)
(9,015)
(4,303)
(4,303)
(78,982)
13,356
(25,924)
(10,924)
(250)
(250)
(1,550)
(1,550)
(1,558)
(1,558)
(10,548)
(10,547)
(8,015)
(1,137)
(1,400)
(1,140)
(16,725)
(7,382)
(1,286)
(1,286)
(4,457)
(4,456)
(2,000)
(2,000)
(2,000)
(2,000)
(4,000)
(4,000)
(130,815)
(31,954)
(13,277)
429
(20,338)
-
(2,639)
118
(3,000)
-
(6,818)
(2,909)
(4,481)
4,418
(286)
14
(425)
(3)
(9,628)
229
(11,495)
(1,495)
(1,438)
(738)
(670)
-
(1,000)
-
(1,297)
-
(1,171)
-
(288,491)
(80,121)
(367,473)
(66,765)|
|---|---|---|
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 2023**
## **19. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net|Transfers|||
|---|---|---|---|---|---|
|||movement|between|At||
||At 1/1/22|in funds|funds|31/12/23||
||£|£|£|£||
|**Unrestricted funds**||||||
|General Youth Club Fund|19,070|35,549|(69,666)|(15,047)||
|Community HUB Building Fund|-|(9,015)|9,015||-|
|Designated Fixed Assets|16,750|(8,607)|-|8,143||
|**Restricted funds**|35,820|17,927|(60,651)|(6,904)||
|Children in Need|-|1|(1)||-|
|MTCBC - SLA|-|(10,924)|10,924||-|
|Margaret Davies Charitable Fund|250|(250)|-||-|
|Peoples Health Trust 8515 - Community||||||
|Project|1,550|(1,550)|-||-|
|Lottery Covid 19 Top Up Grant|1,558|(1,558)|-||-|
|Restricted Fixed Assets Fund|59,499|(18,686)|-|40,813||
|All Wales Play|-|(1,137)|1,137||-|
|Transport for Wales|1,140|(1,140)|-||-|
|Children In Need 2021|1,340|(7,382)|6,042||-|
|Wellbeing for Staff Fund|1,286|(1,286)|-||-|
|Loneliness and Isolation Grant|2,228|(4,456)|2,228||-|
|Groundworks|1,000|(2,000)|1,000||-|
|Childcare Incentive Grant|1,000|(2,000)|1,000||-|
|Mega Stars|2,000|(4,579)|2,579||-|
|National Lottery Community Fund -||||||
|Connecting Com|-|(31,954)|31,954||-|
|Neighbourhood Knowledge|-|429|(429)||-|
|Fit & Fed|-|120|(120)||-|
|Transport for Wales Outdoor Grant|-|(2,132)|2,132||-|
|Summer of Fun|-|(984)|2,909|1,925||
|CWVYS Summer Fun|-|4,418|(4,418)||-|
|Medium night 2022|-|14|(14)||-|
|Halloween 2022|-|(3)|3||-|
|My Blurred World - NLF|-|229|(229)||-|
|Warm Hearts (National Grid)|-|(3,457)|3,457||-|
|This is Me (MTCBC)|-|(738)|738||-|
|Kind Hands Warm Heart (NLF)|-|960|(960)||-|
|Sew Grant Fund|-|(753)|753||-|
|Disability Fit & Fed Fund|-|(1)|1||-|
|Ambassadors Project Fund|-|33|(33)||-|
|Community Cohesion|-|8|(8)||-|
|Just Breathe Fund|-|(6)|6||-|
|Winter Youth Fund|-|3,108|-|3,108||
|MTCBC Food Poverty Grant Fund|-|1,384|-|1,384||
|Global Village Grant Fund|-|3,000|-|3,000||
||72,851|(83,272)|60,651|50,230||
|**TOTAL FUNDS**|108,671|(65,345)|-|43,326||
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 2023**
## **19. 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
MTCBC - SLA
Margaret Davies Charitable Fund
Peoples Health Trust 8515 - Community
Project
Lottery Covid 19 Top Up Grant
Restricted Fixed Assets Fund
All Wales Play
Transport for Wales
Children In Need 2021
Wellbeing for Staff Fund
Loneliness and Isolation Grant
Groundworks
Childcare Incentive Grant
Mega Stars
National Lottery Community Fund -
Connecting Com
Neighbourhood Knowledge
NHS - Prevention funding
Fit & Fed
Transport for Wales Outdoor Grant
Summer of Fun
CWVYS Summer Fun
Medium night 2022
Halloween 2022
My Blurred World - NLF
Warm Hearts (National Grid)
This is Me (MTCBC)
Youth Led Christmas Cheer (VAMT)
Marks & Spencer (Neighbourly)
Christmas Events
Kind Hands Warm Heart (NLF)
Merthyr Valleys Homes (Sewing Bee)
Grant
Sew Grant Fund
Child Poverty Strategy Grant Fund
Disability Fit & Fed Fund
Ambassadors Project Fund
Community Cost of Living Fund
Community Cohesion
Just Breathe Fund
Winter Youth Fund|Incoming
resources
£
99,590
-
(1)
99,589
9,342
30,000
-
-
-
-
6,878
260
9,343
-
1
-
-
(1)
197,857
13,706
20,338
7,499
3,000
11,684
8,899
300
422
9,857
10,000
1,400
670
1,000
1,297
45,900
1,171
-
4,724
2,132
3,591
5,000
1,905
8,999
7,500|Resources
Movement
expended
in funds
£
£
(64,041)
35,549
(9,015)
(9,015)
(8,606)
(8,607)
(81,662)
17,927
(9,341)
1
(40,924)
(10,924)
(250)
(250)
(1,550)
(1,550)
(1,558)
(1,558)
(18,686)
(18,686)
(8,015)
(1,137)
(1,400)
(1,140)
(16,725)
(7,382)
(1,286)
(1,286)
(4,457)
(4,456)
(2,000)
(2,000)
(2,000)
(2,000)
(4,578)
(4,579)
(229,811)
(31,954)
(13,277)
429
(20,338)
-
(7,379)
120
(5,132)
(2,132)
(12,668)
(984)
(4,481)
4,418
(286)
14
(425)
(3)
(9,628)
229
(13,457)
(3,457)
(2,138)
(738)
(670)
-
(1,000)
-
(1,297)
-
(44,940)
960
(1,171)
-
(753)
(753)
(4,724)
-
(2,133)
(1)
(3,558)
33
(5,000)
-
(1,897)
8
(9,005)
(6)
(4,392)
3,108|
|---|---|---|
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 2023**
|**19.**
**MOVEMENT IN FUNDS - continued**
MTCBC Food Poverty Grant Fund
Global Village Grant Fund
Miscellaneous Small Grants Fund
**TOTAL FUNDS**|5,000
3,000
4,978
437,652
537,241|(3,616)
-
(4,978)
(520,924)
(602,586)|1,384
3,000
-
(83,272)
(65,345)|
|---|---|---|---|
## **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:
## **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.
## **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.
## **Margaret Davies Charitable Fund**
This funding supported our children in need and young people programme providing resources for sustainable play.
## **Lottery Covid 19 Top Up Grant**
Our original lottery project was reviewed and topped up to match extra need hours and volunteer costs throughout the pandemic.
## **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.
## **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.
## **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.
## **BBC Children in Need 2021**
Three year funding (May 2021 - June 2024) 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.
## **National Lottery Community Fund (Connecting.com)**
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 2023**
## **19. MOVEMENT IN FUNDS - continued**
This is to fund a project employing staff and working with the community to prevent isolation and loneliness.
## **Neighbourhood Knowledge Fund**
This is to fund a project to support healthy eating and in particular to focus on foraging.
## **NHS - Prevention Fund**
This was a Fund to provide preventatives to the lost and vulnerable.
## **Warm Hearts (National Grid)**
This was funding to provide warm home items to the vulnerable.
## **Winter Youth**
This is to fund twice-weekly food and fun sessions, wellbeing walks, and sustainability-focused activities which will support youth wellbeing during the winter months through engagement, nourishment, and environmental awareness.
## **MTCBC Food Poverty (Food Pantry)**
This is to fund an accessible food pantry serving residents of the Town Ward, with the aim to reduce food insecurity and support low-income families with essential supplies.
## **Global Village**
To fund a cultural celebration day delivered in partnership with local organisations, topromote diversity, inclusion, and intercultural understanding within the community.
## **Just Breathe**
This is a Carer Grant Support, to provide short breaks, social activities, trips, and events for unpaid carers, with the aim to improve the mental health and wellbeing of those in caregiving roles.
## **Community Cohesion - "Your Way Day"**
This is to fund a collaborative community event connecting residents with local services and organisations, with the aim of improving access to support, enhance partnership working, and strengthen community resilience.
## **Ambassadors Fund**
This is to fund a youth project, focusing on volunteering, peer support, and sessional engagement, to encourage positive behaviour, build leadership skills, and empower young people to become community role models.
## **Disability Fit & Fed**
This is funding weekly physical activity and food provision for children and young people with disabilities during school holidays, to ensure inclusion, healthy living, and holiday support for families with additional needs.
## **Other Restricted Grants**
The outcomes of other restricted grants are noted in the Trustee Report from page 2.
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 2023**
## **20. RELATED PARTY DISCLOSURES**
The Trustee, Mr Callum Palmer and Twyn Community HUB, are also the directors of Grub Hub Merthyr Tydfil Limited. During the year, the following transactions were made:
**----- Start of picture text -----**
Nature of transaction £
Donation from Grub Hub -
Staffing Support Costs paid 4,000
Stock Costs paid 5,000
Activity Costs paid 3,616
Donation and Support Costs paid 1,437
**----- End of picture text -----**
## **21. ULTIMATE CONTROLLING PARTY**
The Charity is controlled by its Trustees.
## **22. 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 6,000 (2022: 6,000).
## **23. GOING CONCERN**
The financial statements have been prepared on a going concern basis. Activities of the charity post 31st December 2023 are subject to additional funding being obtained, but the Trustees are confident this will be received.
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.
## **24. 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.
||2023|2022|
|---|---|---|
|Unamortised fixed assets
Designated funds|£
8,143
8,143|£
12,447
12,447|
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