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|||Page|
|---|---|---|
|Trustees'
annual
report|||
|Independent
auditor's|report to the members||
|Statement offinancial|activities|13|
|Statement offinancial|position|14|
|Statement ofcash flows||15|
|Notes to the financial|statements|16|
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|Reference|and adm|inistrative|details||||||
|---|---|---|---|---|---|---|---|---|
|Registered|charity|name|Cardiff YMCA||(1910)Trust||||
|Charity registration||number|1163822||||||
|Principal office|||YMCA||||||
||||The Walk||||||
||||Roath||||||
||||Cardiff||||||
|The trustees|||||||||
||||Mr R Coombs||||||
||||Mr J Littlechild||MBE,JP||||
||||Ms M Salisbury||||||
||||Mr M Hales||||||
||||Mr G Ashfield||||||
||||MrSKeddle||||(Appointed|27 January 2021)|
||||Mr N Corrigan||||(Appointed|27 January 2021)|
||||Mr P Williams||||(Appointed|24 March 2021)|
|Honorary|President||Mr A Crocker||||||
|Chief Executive|||Mrs JJohnson||||||
|Auditor|||Carston||||||
||||Chartered
accountants|||&statutory|auditor||
||||1st Floor, Tudor House||||||
||||16Cathedral|Road|||||
||||Cardiff||||||
||||CF119LJ||||||
|Bankers|||Lloyds TSB||||||
||||1-4The Globe||Centre||||
||||Wellfield Road||||||
||||Roath||||||
||||Cardiff||||||
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||||2021|2021|2020|
|---|---|---|---|---|---|
||||Unrestricted|||
|||Note|funds
6|Total funds
f|Total funds
K|
|Income and endowments||||||
|Donations and legacies
Other trading
activities
Investment
income||4
5
6|118,121
50,675
41,466|118,121
50,675
41,466|214,048
51,350
46,032|
|Total income|||210,262|210,262|311,430|
|Expenditure||||||
|Expenditure
on charitable
Other expenditure|activities|7,8
11|173,744
3,950|173,744
3,950|274,843
3,950|
|Total expenditure|||177,694|177,694|278,793|
|Net gains/(losses)
on investments||12|260,627|260,627|(215,491)|
|Net income/(expenditure)|and net movement|in funds|293,195|293,195|(182,854)|
|Reconciliation offunds||||||
|Total funds brought
forward|||4,378,167|4,378,167|4,561,021|
|Total funds canted forward|||4,671,362|4,671,362|4,378,167|
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|31 March 2021|||||
|---|---|---|---|---|
||||2021|2020|
|||Note|||
|Fixed assets|||||
|Tangible fixed assets
Investments||16
17|457
4,517,547|3,955,004|
||||4,518,004|3,955,004|
|Current assets|||||
|Debtors||19|81,155|59,958|
|Cash at bank and in|hand||77,989|385,483|
||||159,144|445,441|
|Creditors: amounts|falling due within one year|20|5,786|22,278|
|Net current assets|||153,358|423,163|
|Total assets less current liabilities|||4,671,362|4,378,167|
|Net assets|||4,671,362|4,378,167|
|Funds ofthe charity
Unrestricted
funds|||4,671,362|4,378,167|
|Total charity funds||22|4,671,362|4,376,167|
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|Cardiff YMCA (1910)Trust
Statement ofCash Flows
Year ended 31 March 2021||||
|---|---|---|---|
|||2021|2020|
||||6|
|Cash flows from operating
activities||||
|Net income/(expenditure)||293,195|(182,854)|
|Adjustments
for:||||
|Depreciation
oftangible
fixed assets
Net gains/(losses)
on investments||42
(260,627)|215,491|
|Dividends,
interest and rents from investments||(41,466)|(46,032)|
|Accrued (income)/expenses||(1,000)|1,000|
|Changes/n:||||
|Trade and other debtors||(21,197)|56,067|
|Trade and other creditors||(15,492)|14,948|
|Cash generated
from operations||(46,545)|58,620|
|Net cash (used in)/from
operating
activities||(46,545)|58,620|
|Cash flows from investing
activities||||
|Dividends,
interest and rents from investments||41,466|46,032|
|Purchase oftangible assets||(499)||
|Purchases
ofother investments
Proceeds from sale ofother investments||(2,150,411)
1,848,495|(1,973,180)
1,640,785|
|Net cash used in investing
activities||(260,949)|(286,363)|
|Net decrease
in cash and cash equivalents||(307,494)|(227,743)|
|Cash and cash equivalents
at beginning|ofyear|385,483|613,226|
|Cash and cash equivalents
at end ofyear||77,989|385,483|
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|Donations
and lega|cies|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
||||6|||
|Donations||||||
|Donations||||1,338|1,338|
|Gift Aid from trading|subsidiary|118,121|118,121|212,710|212,710|
|||118,121|118,121|214,048|214,048|
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|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|
|||Funds||2021|Funds||2020|
|||||E|6||6|
|Rental|income|50,675||50,675|51,350||51,350|
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|Investment|incom|e|||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
||||Funds||2021
K|Funds||2020
f|
|Debenture|interest|received|608||608|3,009||3,009|
|Investment|income||40,858||40,858|43,023||43,023|
||||41,466||41,466|46,032||46,032|
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|Expenditure
on charitable
acti|vities by fund type||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2021|Funds|2020|
|||6|6|6|
|Youth Services Support
Support costs|139,677
34,067|139,677
34,067|240,671
34,172|240,671
34,172|
||173,744|173,744|274,843|274,843|
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|Yea|r ended 31 March 202|r ended 31 March 202|r ended 31 March 202|r ended 31 March 202|1|1|1|||
|---|---|---|---|---|---|---|---|---|---|
|8.|Expenditure
on charitable||||activities by activity type|||||
||||||Activities|||||
||||||undertaken|Grant funding|Support|Total funds|Total fund|
||||||directly
6|ofactivities|costs|2021
f|2020
6|
||Youth Services|Support|||16,877|122,800|34,067|173,744|274,843|
|9.|Analysis ofsupport costs|||||||||
||||||||Analysis of|||
||||||||support costs|Total 2021|Total 2020|
||Premises||||||8,292|8,292|11,946|
||Communications|and IT|||||709|709|712|
||Finance costs||||||3,600|3,600|4,800|
||Support costs||||||21,466|21,466|16,714|
||||||||34,067|34,067|34,172|
|10.|Analysis ofgrants|||||||||
|||||||||2021|2020|
||Grants to institutions|||||||||
||Grants to institutions|||||||122,800|216,392|
||Total grants|||||||122,800|216,392|
|11.|Other expenditure|||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds
f|2021|Funds
6|2020|
||Audit fees|||||3,950|3,950|3,950|3,950|
|12.|Net gains/(losses)||on investments|||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds
f|2021
F.|Funds|2020|
||Gains/(losses)|on listed||investments||260,627|260,627|(215,491)|(215,491)|
|13.|Net income/(expenditure)|||||||||
||Net income/(expenditure)|||is|stated after charging/(crediting):|||2021|2020|
|||||||||6||
||Depreciation of|tangible||fixed assets||||42||
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|Staff costs|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed as|follows:|
||||2021|2020
f|
|Wages and salaries
Social security costs
Employer
contributions|to pension|plans|14,253
754
1,695|14,889
863
1,621|
||||16,702|17,373|
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|Tangible fixed assets||
|---|---|
||Equipment|
||6|
|Cost||
|At 1 April 2020
Additions|499|
|At 31 March 2021|499|
|Depreciation||
|At 1 April 2020||
|Charge forthe year|42|
|At 31March 2021|42|
|Carrying
amount
At 31 March 2021|457|
|At 31 March 2020||
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|Investments||||||
|---|---|---|---|---|---|
||Cash orcash|Listed|Investment|Other||
||equivalents|investments|properties|investments|Total|
||||E|E|E|
|Cost or valuation||||||
|At 1 April 2020
Additions|111,838
1,690,502|1,218,163
185,632|2,625,000
274,277||3,955,003
2,150,411|
|Disposals
Fair value movements|(1,713,288)|(61,713)
187,134|||(1,775,001)
187,134|
|At 31March 2021|89,052|1,529,216|2,899,277||4,517,547|
|Impairment||||||
|At 1 April 2020 and||||||
|31March 2021||||||
|Carrying
amount
At 31March 2021|89,052|1,529,216|2,899,277|2|4,517,547|
|At 31 March 2020|111,838|1,218,163|2,625,000|2|3,955,003|
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|19.|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020
f|
||Trade debtors||||10,000|
||Amounts
owed by group undertakings
Other debtors|||81,155|22,284
27,674|
|||||81,155|59,958|
||The debtors above include the following||amounts|falling due after more than one year:||
|||||2021|2020|
|||||20,000|20,000|
|20.|Creditors: amounts|falling due within|one year|||
|||||2021|2020|
||Trade creditors|||1,836|1,410|
||Accruals and deferred|income||3,950|4,950|
||Social security and other taxes
Other creditors||||918
15,000|
|||||5,786|22,278|
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|||||||||At|
|---|---|---|---|---|---|---|---|---|
||||At|||Gains and|31 March|20|
|||1|April 2020|Income
k|Expenditure
f|losses
r|6|21|
|General|funds||4,378,167|210262|(177694)|260,627|4,671,362||
|||||||||At|
||||At|||Gains and|31 March|20|
|||1|April 2019|Income|Expenditure|losses||20|
||||8||K||||
|General|funds||4,561,021|311,430|(278,793)|(215,491)|4,378,167||
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|23.|Analysis ofnet a|sse|ts between funds|||||
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|
|||||||Funds|2021|
|||||||E|E|
||Investments|||||4,518,004|4,518,004|
||Current assets|||||159,144|159,144|
||Creditors less than|1|year|||(5,786)|(5,786)|
||Net assets|||||4,671,362|4,671,362|
|||||||Unrestricted|Total Funds|
|||||||Funds|2020|
|||||||E|E|
||Investments|||||3,955,004|3,955,004|
||Current assets|||||445,441|445,441|
||Creditors less than|1|year|||(22,278)|(22,278)|
||Net assets|||||4,378,167|4,378,167|
|24.|Analysis ofchanges||in net debt|||||
||||||||At|
|||||At|1 Apr 2020|Cash flows|31 Mar 2021|
||||||E|E|E|
||Cash at bank and|in|hand||385,483|(307,494)|77,989|
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