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|---|---|---|---|
|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|||
||||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|||||
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|||||||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|
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|||||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|
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|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|
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|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|
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|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||||
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||||||||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||
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|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|
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