REGISTERED CHARITY NUMBER: 1159502
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 27 |
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 2024
ACHIEVEMENTS AND PERFORMANCE Charitable activities Overview
2024 has been a transformative year for Twyn Community Hub, marked by growth, innovation, and deepened community impact. Guided by our commitment to Asset-Based Community Development (ABCD), we have continued to uncover, celebrate, and mobilise the strengths and talents within our community. Our work has focused on enhancing wellbeing, fostering inclusive environments, and strengthening social capital through community-led initiatives.
This report outlines our strategic priorities, key achievements, and the transformative impact of our programmes, made possible through the generous support of our funders and partners.
Strategic Priorities
Our activities throughout 2024 were shaped by three overarching priorities:
Promoting Wellbeing and Resilience
Supporting individuals and families across all age groups to thrive emotionally, physically, and socially.
Creating Sustainable and Inclusive Community Spaces
Developing programmes and environments that are welcoming, accessible, and responsive to local needs.
Building Social Capital Through Community-Led Action
Strengthening relationships, encouraging local leadership, and fostering a culture of mutual support and collaboration.
Expanding Our Impact Through Funding and Partnerships
We are deeply grateful for the support received from a diverse range of funders and partners, including:
National Lottery Community Fund Wales Merthyr Tydfil County Borough Council Public Health Wales Community Foundation Wales Hubbub Coop Multiply Programme And many others These contributions enabled us to deliver a wide array of impactful projects, including: Kind Hands Warm Heart Food Pantry Disability Fit and Fed Ambassadors Project Community Foundation Cost of Living Community Cohesion Just Breathe Winter Youth Programme (January to March 2024) MTCBC Food Poverty Global Village Lettuce Talks Warm Spaces (MTCBC) Ffos Y Fran Youth Wild Isles EGIN Brighter Days Disability Project (Public Health Wales) Holiday Open Access (July 2024 to February 2025) One Stop Youth Pantry - Hubbub Coop and MTCBC Snug Spot (Multiply)
Page 2
TWYN COMMUNITY HUB
(PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Asset-Based Community Development in Action
Our ABCD approach remains central to our ethos and operations. In 2024, we continued to:
Recognise and celebrate individual gifts, talents, and contributions
Encourage and support local leadership and initiative
Create opportunities for mutual aid and peer support
Foster a culture of celebration and shared success
Key Achievements
1. Expanded Food Support
Through targeted funding, we significantly enhanced our food support services, addressing food insecurity with dignity and sustainability. Programmes such as Food Pantry, Pantry - Hubbub Coop and MTCBC, and MTCBC Food Poverty were instrumental in this effort.
2. Youth Engagement and Wellbeing
We delivered dynamic youth programmes that nurtured creativity, resilience, and leadership. Initiatives included Winter Youth, Ffos Y Fran Youth, Holiday Open Access, and One Stop Youth.
3. Disability Inclusion
With support from Disability Fit and Fed and Brighter Days Disability Project, we provided tailored wellbeing activities and inclusive opportunities for individuals with disabilities.
4 . Community Cohesion and Cultural Celebration
Projects such as Global Village, Community Cohesion, and the Ambassadors Project celebrated diversity and strengthened inter-community relationships.
5. Mental Health and Emotional Wellbeing
Initiatives like Just Breathe, Kind Hands Warm Heart, and Snug Spot (Multiply) created safe, nurturing spaces for emotional support and mental health awareness.
6. Environmental Sustainability
Through EGIN, Wild Isles, and Lettuce Talks, we promoted environmental stewardship and sustainable living practices within our community.
Navigating Funding Challenges and Planning for Sustainability
As we approach the end of 2024, Twyn Community Hub is entering a period of significant transition. A substantial proportion of our current funding streams are scheduled to conclude by December, presenting both challenges and opportunities for the organisation.
We are acutely aware of the broader economic pressures facing the voluntary and community sector, including rising costs, increased demand for services, and a competitive funding landscape. These realities highlight the importance of strategic planning, adaptability, and community engagement as we move forward.
In response, the Hub is actively exploring all available options to mitigate the risk of service reductions and staff redundancies. Our priority is to maintain continuity of support for our community while safeguarding the wellbeing of our team and volunteers.
To achieve this, we are undertaking a comprehensive review of our organisational aims and objectives. This process will involve:
Page 3
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Reconnecting with our community through listening events, consultations, and outreach to ensure our future direction reflects local needs and aspirations
Evaluating and refining our strategic priorities to align with emerging challenges and opportunities
Strengthening our funding strategy by identifying new grant opportunities, diversifying income streams, and building relationships with potential funders and supporters
Enhancing our volunteer and leadership capacity to sustain and grow community-led initiatives
While the road ahead may be uncertain, Twyn Community Hub remains steadfast in its mission. We are committed to resilience, innovation, and collaboration as we navigate this evolving landscape. Our belief in the power of community, rooted in the principles of Asset-Based Community Development, continues to guide us.
Partnerships and Collaboration
Our work is enriched by strong partnerships with local schools, voluntary organisations, statutory bodies, and community groups. These collaborations have enabled us to extend our reach, share resources, and co-create solutions that reflect the lived experiences of our residents.
Monitoring, Evaluation, and Learning
We remain committed to reflective practice and continuous improvement. Our evaluation methods include:
Community consultations and feedback mechanisms
Trustee-led reviews and strategic planning sessions
Ongoing monitoring of programme outcomes and impact
These processes ensure our work remains responsive, inclusive, and aligned with community aspirations.
Looking Ahead to 2025
In the coming year, Twyn Community Hub will focus on:
Deepening the integration of ABCD principles across all programmes
Expanding support for youth and individuals with disabilities
Enhancing our contribution to environmental sustainability and mental health
Strengthening our volunteer base and nurturing community leadership
Securing new funding to ensure continuity and growth of our services
Acknowledgements
On behalf of the Board of Trustees, we extend our heartfelt thanks to our volunteers, partners, funders, and the residents of Twynyrodyn. Your resilience, generosity, and commitment continue to inspire and drive our mission forward.
Together, we are building a stronger, more connected, and empowered community.
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.
Page 4
TWYN COMMUNITY HUB
(PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
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 £2,131 (2023: £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.
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
Page 5
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS 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 27 October 2025 and signed on its behalf by:
C J Palmer - Trustee
Page 6
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 2024.
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 member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard I Knoyle ACA FCCA The Institute of Chartered Accountants in England and Wales
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
27 October 2025
Page 7
TWYN COMMUNITY HUB
(PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 10,300 Charitable activities 4 Youth Club 12,932 Other trading activities 3 678 Other income - Total 23,910 EXPENDITURE ON Charitable activities 5 Youth Club 11,036 NET INCOME 12,874 RECONCILIATION OF FUNDS Total funds brought forward (6,904) TOTAL FUNDS CARRIED FORWARD 5,970 |
Restricted funds £ 1 263,181 - - 263,182 218,772 44,410 50,230 94,640 |
2024 Total funds £ 10,301 276,113 678 - 287,092 229,808 57,284 43,326 100,610 |
2023 Total funds £ 16,161 216,056 595 3,721 236,533 235,113 1,420 41,906 43,326 |
|---|---|---|---|
The notes form part of these financial statements
Page 8
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
BALANCE SHEET
31 DECEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 12 | 38,320 | 48,956 |
| CURRENT ASSETS | |||
| Stocks | 13 | 4,500 | 7,000 |
| Debtors | 14 | 12,835 | 6,510 |
| Cash at bank and in hand | 65,242 | 54,397 | |
| CREDITORS | 82,577 | 67,907 | |
| Amounts falling due within one year | 15 | (9,261) | (59,610) |
| NET CURRENT ASSETS | 73,316 | 8,297 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 111,636 | 57,253 | |
| CREDITORS | |||
| Amounts falling due after more than one year | 16 | (11,026) | (13,927) |
| NET ASSETS | 100,610 | 43,326 | |
| FUNDS | 19 | ||
| Unrestricted funds | 5,971 | (6,904) | |
| Restricted funds | 94,639 | 50,230 | |
| TOTAL FUNDS | 100,610 | 43,326 |
The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2025 and were signed on its behalf by:
C J Palmer - Trustee
The notes form part of these financial statements
Page 9
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 |
2024 £ 10,845 10,845 10,845 54,397 65,242 |
2023 £ 14,396 14,396 14,396 40,001 54,397 |
|---|---|---|
The notes form part of these financial statements
Page 10
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 57,284 | 1,420 | |
| Adjustments for: | |||
| Depreciation charges | 10,635 | 12,441 | |
| Decrease/(increase) in stocks | 2,500 | (500) | |
| Increase in debtors | (6,325) | (741) | |
| (Decrease)/increase in creditors | (53,249) | 1,776 | |
| Net cash provided by operations | 10,845 | 14,396 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash | At 1/1/24 Cash flow At 31/12/24 £ £ £ |
|---|---|
| Cash at bank and in hand | 54,397 10,845 65,242 |
| 54,397 10,845 65,242 |
|
| Debt | |
| Debts falling due within 1 year | (1,825) 250 (1,575) |
| Debts falling due after 1 year | (13,927) 2,901 (11,026) |
| (15,752) 3,151 (12,601) |
|
| Total | 38,645 13,996 52,641 |
The notes form part of these financial statements
Page 11
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 12
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
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 |
2024 £ 2,801 7,500 10,301 2024 £ 678 |
2023 £ 1,161 15,000 16,161 2023 £ 595 |
|---|---|---|
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 2024
4. INCOME FROM CHARITABLE ACTIVITIES
| Activity Grants Youth Club Rental income Youth Club Grants received, included in the above, are as follows: Biffa Children In Need Merthyr Valleys Homes VAMT Margaret Davies Charitable Fund Community Foundation in Wales Merthyr Tydfil County Borough Council Co-op Cymryd Rhan National Lottery Community Fund Merthyr Tydfil Housing Associaton Wales Millenium Centre Merthyr Tydfil Global Village Council for Wales Voluntary Youth Services Interlink (Just Breathe) MTCBC (Ambassadors Project) Welsh Government StreetGames SWPCC 5. CHARITABLE ACTIVITIES COSTS Youth Club |
Direct Costs (see note 6) £ 217,049 |
2024 £ 270,332 5,781 276,113 2024 £ - - - 5,901 7,000 - 77,818 5,000 500 161,655 - - - - 8,758 - - 3,200 500 270,332 Support costs (see note 7) £ 12,759 |
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 Totals £ 229,808 |
|---|---|---|---|
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 2024
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Staff costs Other costs |
2024 £ 90,249 126,800 217,049 |
2023 £ 110,442 110,716 221,158 |
|---|---|---|
7. SUPPORT COSTS
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Youth Club Governance: |
Information Governance Finance technology costs £ £ £ 3,395 3,849 5,515 |
Totals £ 12,759 |
|||
| Accountancy & independent examination fee Professional Fees |
£ 4,300 1,215 5,515 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
The trustees did not receive any emoluments; out of pocket expenses were reimbursed which were not in excess of £Nil (2023: £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 |
2024 £ 88,634 1,615 90,249 2024 7 |
2023 £ 108,394 2,048 110,442 2023 7 |
|---|---|---|
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 £1,058.
The key management of the charity comprises the Directors/Trustees. The total benefits of the the key management personnel of the charity was £Nil (2023: £Nil).
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 2024
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,164 Charitable activities Youth Club 1,771 Other trading activities 595 Other income 3,721 Total 7,251 EXPENDITURE ON Charitable activities Youth Club 2,678 NET INCOME/(EXPENDITURE) 4,573 Transfers between funds (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 |
Total funds £ 16,161 216,056 595 3,721 236,533 235,113 1,420 - 1,420 41,906 43,326 |
|---|---|---|
11. INDEPENDENT EXAMINER'S REMUNERATION
The Independent Examiner’s remuneration constituted an independent examiners fee of £4,300 (2023: £4,800).
12. TANGIBLE FIXED ASSETS
| Improvements to Plant and property machinery £ £ COST At 1 January 2024 and 31 December 2024 27,574 49,803 DEPRECIATION At 1 January 2024 4,412 35,137 Charge for year 1,103 6,751 At 31 December 2024 5,515 41,888 NET BOOK VALUE At 31 December 2024 22,059 7,915 At 31 December 2023 23,162 14,666 |
Motor vehicles Totals £ £ 35,170 112,547 24,042 63,591 2,782 10,636 26,824 74,227 8,346 38,320 11,128 48,956 |
|---|---|
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 2024
13. STOCKS
----- Start of picture text -----
2024 2023
£ £
Stocks 4,500 7,000
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 9,053 6,510
Other debtors 3,782 -
12,835 6,510
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other loans (see note 17) 1,575 1,825
-
Social security and other taxes 3,620
Pension Creditor - 1,424
Deferred income - 41,356
Accrued expenses 5,300 10,800
Credit card 2,386 585
9,261 59,610
Year to ear to
Deferred income 31/12/24 31/12/2023
£ £
Opening Balance 41,356 39,974
Movement in the period (41,356) 1,382
Deferred income carried forward - 41,356
----- 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 31/12/24 |
Year to 31/12/23 |
|
|---|---|---|
| Big Lottery Community Fund National Lottery Kind Hands Warm Heart MTCBC |
- - - - |
25,171 12,435 3,750 41,356 |
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 2024
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 3,840 Net Current Assets 2,131 5,971 |
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 3,840 Net Current Assets 2,131 5,971 |
2024 £ 11,026 2024 £ 1,575 11,026 |
2024 £ 11,026 2024 £ 1,575 11,026 |
2023 £ 13,927 2023 £ 1,825 13,927 |
||
|---|---|---|---|---|---|---|
| Unrestricted Funds £ 3,840 2,131 5,971 |
Restricted Funds £ 34,480 60,159 94,639 |
Year to 31/12/2024 Total Funds £ 38,320 62,290 100,610 |
Year to 31/12/2023 Total Funds £ 48,956 (5,630) 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 2024
19. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/24 | in funds | 31/12/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Youth Club Fund | (15,047) | 17,178 | 2,131 |
| Designated Fixed Assets | 8,143 | (4,303) | 3,840 |
| Restricted funds | (6,904) | 12,875 | 5,971 |
| Restricted Fixed Assets Fund | 40,813 | (6,332) | 34,481 |
| National Lottery Community Fund - | |||
| Connecting Com | - | 27,798 | 27,798 |
| Summer of Fun | 1,925 | - | 1,925 |
| Kind Hands Warm Heart (NLF) | - | 12,435 | 12,435 |
| Winter Youth Fund | 3,108 | (3,108) | - |
| MTCBC Food Poverty Grant Fund | 1,384 | (1,384) | - |
| Global Village Grant Fund | 3,000 | (3,000) | - |
| Ffos Y Fran Youth | - | 7,300 | 7,300 |
| EGIN | - | 7,500 | 7,500 |
| Brighter Days Disability Project (PHW) | - | 3,200 | 3,200 |
| 50,230 | 44,409 | 94,639 | |
| TOTAL FUNDS | 43,326 | 57,284 | 100,610 |
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 2024
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 Restricted Fixed Assets Fund National Lottery Community Fund - Connecting Com Fit & Fed Summer of Fun Kind Hands Warm Heart (NLF) Disability Fit & Fed Fund Ambassadors Project Fund Just Breathe Fund Winter Youth Fund MTCBC Food Poverty Grant Fund Global Village Grant Fund Miscellaneous Small Grants Fund Lettuce Talks Warm Spaces (MTCBC) Ffos Y Fran Youth EGIN Brighter Days Disability Project (PHW) Holiday Open Access Pantry - HUBBUB, Coop & MTCBC Snug Spot (Multiply) TOTAL FUNDS |
Incoming resources £ 23,909 - 23,909 - 100,685 4,828 1,500 49,739 2,785 1,198 8,758 - 5,148 - 500 7,000 8,500 40,000 11,232 3,200 2,610 10,500 5,000 263,183 287,092 |
Resources Movement expended in funds £ £ (6,731) 17,178 (4,303) (4,303) (11,034) 12,875 (6,332) (6,332) (72,887) 27,798 (4,828) - (1,500) - (37,304) 12,435 (2,785) - (1,198) - (8,758) - (3,108) (3,108) (6,532) (1,384) (3,000) (3,000) (500) - (7,000) - (8,500) - (32,700) 7,300 (3,732) 7,500 - 3,200 (2,610) - (10,500) - (5,000) - (218,774) 44,409 (229,808) 57,284 |
|---|---|---|
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 2024
19. MOVEMENT IN FUNDS - continued
Comparatives for 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 21
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
19. MOVEMENT IN FUNDS - continued
Comparative 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 22
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
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 1/1/23 | in funds | funds | 31/12/24 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Youth Club Fund | (19,493) | 26,053 | (4,429) | 2,131 | |
| Designated Fixed Assets | 12,447 | (8,607) | - | 3,840 | |
| Restricted funds | (7,046) | 17,446 | (4,429) | 5,971 | |
| Children in Need | - | 1 | (1) | - | |
| Restricted Fixed Assets Fund | 48,952 | (14,471) | - | 34,481 | |
| Mega Stars | - | (579) | 579 | - | |
| National Lottery Community Fund - | |||||
| Connecting Com | - | 27,798 | - | 27,798 | |
| 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) | - | 13,395 | (960) | 12,435 | |
| 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 | - | |
| Ffos Y Fran Youth | - | 7,300 | - | 7,300 | |
| EGIN | - | 7,500 | - | 7,500 | |
| Brighter Days Disability Project (PHW) | - | 3,200 | - | 3,200 | |
| 48,952 | 41,258 | 4,429 | 94,639 | ||
| TOTAL FUNDS | 41,906 | 58,704 | - | 100,610 | |
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 2024
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 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 Lettuce Talks Warm Spaces (MTCBC) Ffos Y Fran Youth EGIN Brighter Days Disability Project (PHW) Holiday Open Access Pantry - HUBBUB, Coop & MTCBC Snug Spot (Multiply) TOTAL FUNDS |
Incoming resources £ 31,161 (1) 31,160 9,342 15,000 (1) (1) 199,681 9,570 - 9,275 - 700 95,639 - 4,724 4,917 4,789 5,000 1,905 17,757 7,500 10,148 3,000 5,478 7,000 8,500 40,000 11,232 3,200 2,610 10,500 5,000 492,465 523,625 |
Resources Movement expended in funds £ £ (5,108) 26,053 (8,606) (8,607) (13,714) 17,446 (9,341) 1 (15,000) - (14,470) (14,471) (578) (579) (171,883) 27,798 (9,568) 2 (2,132) (2,132) (7,350) 1,925 (1,962) (1,962) (700) - (82,244) 13,395 (753) (753) (4,724) - (4,918) (1) (4,756) 33 (5,000) - (1,897) 8 (17,763) (6) (7,500) - (10,148) - (3,000) - (5,478) - (7,000) - (8,500) - (32,700) 7,300 (3,732) 7,500 - 3,200 (2,610) - (10,500) - (5,000) - (451,207) 41,258 (464,921) 58,704 |
|---|---|---|
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
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 2024
19. MOVEMENT IN FUNDS - continued
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.
Margaret Davies Charitable Fund
This funding supported our children in need and young people programme providing resources for sustainable play.
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)
This is to fund a project employing staff and working with the community to prevent isolation and loneliness.
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, to promote 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
continued...
Page 25
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
19. MOVEMENT IN FUNDS - continued
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.
Lettuce Talks
This creatively named project may combine elements of gardening, food education, and community wellbeing. It likely encourages healthy living and sustainability through hands-on activities and open conversations about nutrition and lifestyle choices.
Warm Spaces (MTCBC)
As part of a local council initiative, this grant supports the creation of heated, welcoming spaces during colder months. These spaces offer refuge for individuals facing energy insecurity or social isolation, providing comfort and connection within the community.
Ffos Y Fran Youth
Funded by the Ffos Y Fran Community Fund, this project supports youth engagement through activities such as sports, arts, and leadership development. It aims to empower young people by offering constructive outlets and opportunities for growth.
EGIN
This Welsh initiative supports grassroots climate action by helping communities adopt sustainable practices. The grant may fund environmental education, local green projects, and efforts to raise awareness about climate change and ecological responsibility.
Brighter Days Disability Project (PHW)
Funded by Public Health Wales, this project seeks to enhance the wellbeing of disabled individuals. It likely includes inclusive activities, access to support services, and health promotion efforts tailored to the needs of the disability community.
Holiday Open Access
This grant supports open-access holiday programs for children and young people, running from July 2024 to February 2025. It provides free or low-cost activities during school breaks, ensuring that all children have access to enriching experiences regardless of financial background.
Pantry - HUBBUB, Coop & MTCBC
A collaborative effort between Hubbub and Merthyr Tydfil County Borough Council, this food initiative focuses on sustainable distribution and waste reduction. It supports community access to nutritious food while promoting environmentally responsible practices.
Snug Spot (Multiply)
Part of the Multiply program, this project creates warm and inviting spaces where adults can improve their numeracy skills. The relaxed setting encourages learning without pressure, helping participants build confidence in everyday math.
Other Restricted Grants
The outcomes of other restricted grants are noted in the Trustee Report from page 2.
continued...
Page 26
TWYN COMMUNITY HUB (PREVIOUSLY KNOWN AS TWYN ACTION GROUP YOUTH CLUB)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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 (2023: 6,000).
23. GOING CONCERN
The financial statements have been prepared on a going concern basis. Activities of the charity post 31st December 2024 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.
| Unamortised fixed assets Designated funds |
2024 £ 3,840 3,840 |
2023 £ 8.143 8,143 |
|---|---|---|
Page 27