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2022-03-31-accounts

			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

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
			Mr S Keddle
			Mr M Hales
			Mr G Ashfield
			Mr P Williams
			Ms M Salisbury,		JP	(Retired 24	November 2021)
			Mr N Corrigan			(Resigned 20January 2022)
Honorary	President		Mr A Crocker
Chief Executive			Mrs J Johnson
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
Solicitors			MDJLAW (Mark Morgan)
			1aThe Old Brewery Quarter
			St. Mary Street
			Cardiff
			CF10 1AD

						2022	2021
					Note		E
Fixed assets
Tangible fixed assets					17	333	457
Investments					18	4,137,995	4,517,547
						4,138,328	4,518,004
Current assets
Debtors					20	36,418	81,155
Cash at bank	and	in	hand			454,893	77,989
						491,311	159,144
Creditors: amounts			falling	due within one year	21	13,341	5,786
Net current assets						477,970	153,358
Total assets	less	current		liabilities		4,616,298	4,671,362
Net assets						4,616,298	4,671,362
Funds ofthe charity
Unrestricted	funds					4,616,298	4,671,362
Total charity	funds				23	4,616,298	4,671,362

				2022	2022	2021
				Unrestricted
				funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			4	513,697	513,697	118,121
Other trading activities			5	51,350	51,350	50,675
Investment income			6	35,406	35,406	41,466
Other income			7	22,000	22,000
Total income				622,453	622,453	210,262
Expenditure
Expenditure on charitable		activities	8,9	265,747	265,747	173,744
Other expenditure			12	3,950	3,950	3,950
Total expenditure				269,697	269,697	177,694
Net (losses)/gains	on investments		13	(407,820)	(407,820)	260,627
Net (expenditure)/income		and net movement	in funds	(55,064)	(55,064)	293,195
Reconciliation of	funds
Total funds brought	forward			4,671,362	4,671,362	4,378,167
Total funds carried forward				4,616,298	4,616,298	4,671,362

Year ended 31 March	2022
			2022	2021
				E
Cash flows from operating	activities
Net (expenditure)/income			(55,064)	293,195
Adjustments for:
Depreciation oftangible fixed assets			124	42
Net (losses)/gains on investments			407,820	(260,627)
Dividends, interest and rents	from investments		(35,406)	(41,466)
Accrued income				(1,000)
Changesin:
Trade and other debtors			44,737	(21,197)
Trade and other creditors			7,555	(15,492)
Cash generated from operations			369,766	(46,545)
Net cash from/(used in) operating activities			369,766	(46,545)
Cash flows from investing	activities
Dividends, interest and rents	from investments		35,406	41,466
Purchase of tangible assets				(499)
Purchases ofother investments			(2,044,885)	(2,150,411)
Proceeds from sale ofother	investments		2,016,617	1,848,495
Net cash from/(used in) investing activities			7,138	(260,949)
Net increase/(decrease) in	cash and cash	equivalents	376,904	(307,494)
Cash and cash equivalents	at beginning	ofyear	77,989	385,483
Cash and cash equivalents	at end ofyear		454,893	77,989

Donations and lega	cies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		E		E	F
Donations
Gift Aid from trading	subsidiary	513,697	513,697	118,121	118,121

		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2022	Funds		2021
		E
Rental	income	51,350		51,350	50,675		50,675

Investment	incom	e
			Unrestricted	Total	Funds	Unrestricted	Total	Funds
			Funds		2022	Funds		2021
			E					E
Debenture	interest	received				608		608
Investment	income		35,406		35,406	40,858		40,858
			35,406		35,406	41,466		41,466

Other	income
		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2022	Funds		2021
		E			F		E
Other	income	22,000		22,000

Expenditure on charitable acti	vities by fund type
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	E		E	E
Youth Services Support	213,406	213,406	139,677	139,677
Support costs	52,341	52,341	34,067	34,067
	265,747	265,747	173,744	173,744

			Activities
			undertaken	Grant	funding	Support	Total funds	Total fund
			directly	of	activities	costs	2022	2021
			F		F		E	F
Youth	Services	Support	34,700		178,706	52,341	265,747	173,744

Analysis ofsup	port costs
		Analysis of
		support costs	Total 2022	Total 2021
				E
Premises		6,370	6,370	8,251
Communications	and IT	724	724	709
Finance costs		3,950	3,950	3,600
Support costs		41,297	41,297	21,466
		52,341	52,341	34,026

Analysis ofgrants
	2022	2021
	F
Grants to institutions
Grants to institutions	178,706	122,800
Total grants	178,706	122,800

Other	expenditure
		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2022	Funds		2021
		F			F		F
Audit	fees	3,950		3,950	3,950		3,950

Net (losses)/g	ains on i	nvest	ments
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
						E	E
Gains/(losses)	on investment		property	(475,000)	(475,000)
Gains/(losses)	on listed	investments		67,180	67,180	260,627	260,627
				(407,820)	(407,820)	260,627	260,627
Net (expenditure)/income
Net (expenditure)/income		is stated after		charging/(crediting):
						2022	2021
							E
Depreciation	of tangible	fixed	assets			124	42

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2022	2021
Wages and salaries				30,075	14,253
Social security costs				2,930	754
Employer	contributions	to pension	plans	1,695	1,695
				34,700	16,702

Tangible fixed assets
					Equipment
Cost
At 1 April 2021 and 31 March 2022					499
Depreciation
At 1 April 2021					42
Charge for the year					124
At 31 March 2022					166
Carrying amount
At 31 March 2022					333
At 31 March 2021					457
Investments
				Other
	Cash or cash	Listed	Investment	unlisted
	equivalents	investments	properties	investments	Total
	E	F	F
Cost or valuation
At 1 April 2021	89,052	1,529,216	2,899,277		4,517,547
Additions	1,902,959	141,926			2,044,885
Disposals	(1,898,441)	(100,350)			(1,998,791)
Fair value movements		49,354	(475,000)		(425,646)
At 31 March 2022	93,570	1,620,146	2,424,277		4,137,995
Impairment
At 1 April 2021 and
31 March 2022
Carrying amount At 31 March 2022	93,570	1,620,146	2,424,277	2	4,137,995
At 31 March 2021	89,052	1,529,216	2,899,277	2	4,517,547

Debtors
				2022	2021
					E
Trade debtors				7,640
Prepayments	and accrued income			85
Other debtors				28,693	81,155
				36,418	81,155
The debtors above include the following		amounts	falling due	after more than one year:
				2022	2021
					P
				15,000	20,000

Creditors: amounts f	alling due within one year
		2022	2021
Trade creditors		8,893	1,836
Accruals and deferred	income	3,950	3,950
Social security and other taxes		498
		13,341	5,786

								At
			At			Gains and	31 March	20
		1	April 2021	Income	Expenditure	losses		22
			E		E	E	E
General	funds		4,671,362	622,453	(269,697)	(407,820)	4,616,298
								At
			At			Gains and	31 March	20
		1	April 2020	Income	Expenditure	losses		21
			E	E	E	E	E
General	funds		4,378,167	210,262	(177,694)	260,627	4,671,362

24.	Analysis of net as	se	ts between funds
				Unrestricted	Total Funds
				Funds	2022
				E
	Investments			4,138,328	4,138,328
	Current assets			491,311	491,311
	Creditors less than	1	year	(13,341)	(13,341)
	Net assets			4,616,298	4,616,298
				Unrestricted	Total Funds
				Funds	2021
				E	F
	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
25.	Analysis ofchanges		in net debt

Analy	sis	ofc	han	ges	in net debt
										At
						At	1	Apr 2021	Cash flows	31 Mar 2022
Cash	at	bank	and	in	hand			77,989	376,904	454,893