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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||
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|Registered|Registered|charity|name|Cardiff YMCA (1910)Trust|Cardiff YMCA (1910)Trust|Cardiff YMCA (1910)Trust|Cardiff YMCA (1910)Trust||
|---|---|---|---|---|---|---|---|---|
|Charity registration|||number|1163622|||||
|Principal|office|||YMCA|||||
|||||The Walk|||||
|||||Roath|||||
|||||Cardiff|||||
|The trustees|||||||||
|||||Mr R Coombs|||||
|||||MrJ Littlechild||MBE,JP|||
|||||MrS Keddle|||||
|||||Mr M Hales|||||
|||||Mr G Ashfield|||||
|||||Mr P Williams|||||
|Honorary|President|||Mr A Crocker|||||
|Chief Executive||||Mrs JJohnson|||||
|Auditor||||Carston|||||
|||||Chartered
accountants|||&statutory|auditor|
|||||1stFloor, Tudor House|||||
|||||16Cathedral|Road||||
|||||Cardiff|||||
|||||CF119LJ|||||
|Bankers||||Lloyds TSB|||||
|||||1-4The Globe Centre|||||
|||||Wellfield Road|||||
|||||Roath|||||
|||||Cardiff|||||
|Solicitors||||Clarke Willmott||Solicitors|||
|||||Emperor House|||||
|||||Scott Harbour|||||
|||||Pierhead Street|||||
|||||Cardiff|||||
|||||CF104PH|||||
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|||||2023|2023|2022|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note|6||6|
|Income and endowments|||||||
|Donations
and legacies|||4|23,637|23,637|513,697|
|Other trading activities|||5|96,350|96,350|51,350|
|Investment
income|||6|36,934|36,934|35,406|
|Other income|||7|||22,000|
|Total income||||156,921|156,921|622,453|
|Expenditure|||||||
|Expenditure
on charitable|activities||8,9|389,568|389,568|265,747|
|Other expenditure|||12|5,400|5,400|3,950|
|Total expenditure||||394,968|394,968|269,697|
|Net losses on investments|||13|(466,763)|(466,763)|(407,820)|
|Net expenditure
and net|movement|in funds||(704,810)|(704,810)|(55,064)|
|Reconciliation offunds|||||||
|Total funds brought
forward||||4,616,298|4,616,298|4,671,362|
|Total funds canted forward||||3,911,488|3,911,488|4,616,298|
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|31 March 2|023|||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Note|||
|Fixed assets||||||
|Tangible fixed
Investments|assets||17
18|208
3,599,672|333
4,137,995|
|||||3599880|4 138328|
|Current assets||||||
|Debtors|||20|119,479|36,418|
|Cash at bank|and in|hand||201,929|454,893|
|||||321,408|491,311|
|Creditors: amounts||falling due within one year|21|9,800|13,341|
|Net current assets||||311,608|477,970|
|Total assets|less current liabilities|||3,911,488|4,616,298|
|Net assets||||3,911.488|4,616,298|
|Funds ofthe charity
Unrestricted
funds||||3911488|4616298|
|Totalcharity|funds||23|3,911,488|4,616,298|
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|Year ended 31 March|2023|||||
|---|---|---|---|---|---|
|||||2023|2022|
||||||E|
|Cash flows from operating|activities|||||
|Net expenditure||||(704,810)|(55,064)|
|Adjustments
for:||||||
|Depreciation oftangible fixed assets||||125|124|
|Net losses on investments||||466,763|407,820|
|Dividends,
interest and rents|from|investments||(33,465)|(35,406)|
|Other interest receivable
and similar income||||(3,469)||
|Accrued expenses||||1,450||
|Chsngesin:||||||
|Trade and other debtors||||(83,061)|44,737|
|Trade and other creditors||||(4,991)|7,555|
|Cash generated
from operations||||(361,458)|369,766|
|Interest received||||3,469||
|Net cash (used in)/from
operating||activities||(357,989)|369,766|
|Cash flows from investing|activities|||||
|Dividends,
interest and rents|from|investments||33,465|35,406|
|Purchases
ofother investments||||(358,541)|(2,044,885)|
|Proceeds from sale ofother|investments|||430,101|2,016,617|
|Net cash from investing
activities||||105,025|7,138|
|Net (decrease)/increase
in|cash|and cash|equivalents|(252,964)|376,904|
|Cash and cash equivalents|at beginning||ofyear|454,893|77,989|
|Gash and cash equivalents|at end ofyear|||201,929|454,893|
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|Donations
and lega|cies|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2023
6|Funds
f|2022|
|Donations||||||
|Donations||563|563|||
|Gift Aid from trading|subsidiary|23,074|23,074|513,697|513,697|
|||23,637|23,637|513,697|513,697|
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|||Unresbicted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|
|||Funds
E||2023|Funds
f||2022|
|Rental|income|96,350||96,350|51,350||51,350|
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|YMCA (19
Investment|10)Trust receives r
income|ental income
in respect|ofthese propert|ies.||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2023|Funds|2022|
|||F|6|E||
|Investment|income|33,465|33,465|35,406|35,406|
|Interest received||3,469|3,469|||
|||36,934|36,934|35,406|35,406|
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|Other|income|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|||Funds||2023|Funds||2022|
|||6||6|F||6|
|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|2023|Funds|2022|
||6|6|||
|Youth Services Support|358,397|358,397|213,406|213,406|
|Support costs|31,171|31,171|52,341|52,341|
||389,568|389,568|265,747|265,747|
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||||Activities||||||
|---|---|---|---|---|---|---|---|---|
||||undertaken|Grant|funding|Support|Totalfunds|Total fund|
||||directly|of|activities
f|costs|2023|2022|
|Youth|Services|Support|35,505||322,892|31,171|389,568|265,747|
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|Analysis ofsup|port costs|||
|---|---|---|---|
|||Total 2023|Total 2022|
|||6|6|
|Premises||13,629|6,370|
|Communications|and IT|692|725|
|Finance costs||3,850|3,950|
|Supportcosts||13,000|41,297|
|||31,171|52,342|
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|Analysis ofgrants|||
|---|---|---|
||2023|2022|
|Grants to institutions|||
|Grants to institutions|322,892|178,706|
|Total grants|322,892|178,706|
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|Other|expenditure|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|||Funds||2023
f|Funds||2022
f|
|Audit|fees|5,400||5,400|3,950||3,950|
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|Net losses o|n|Investments||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
f|2023
6|Funds|2022
f|
|Gains/(losses)||on investment|property|(309,277)|(309,277)|(475,000)|(475,000)|
|Gains/(losses)||on listed investments||(157,486)|(157,486)|67,180|67,180|
|||||(466,763)|(466,763)|(407,820)|(407,820)|
|Net expenditure||||||||
|Net expenditure||is stated afier charging/(crediting):||||||
|||||||2023
6|2022
f|
|Depreciation|of|tangible fixed|assets|||125|124|
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|Staffcosts|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed as|follows:|
||||2023|2022|
||||6||
|Wages and salaries
Social security costs
Employer contributions|to pension|plans|30,675
3,135
1,695|30,075
2,930
1,695|
||||35,505|34,700|
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|diff YMCA (1910)Trust
|||
|---|---|---|
|es to the Financial Statements|fcanrrnved)||
|r ended 31 March 2023|||
|Tangible fixed assets|||
|||Equipment|
|Cost|||
|At 1 April 2022 and 31 INarch 2023||499|
|Depreciation|||
|At 1 April 2022||166|
|Charge for the year||125|
|At 31 INarch 2023||291|
|Carrying
amount|||
|At 31 March 2023||208|
|At 31 March 2022||333|
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|||Cash or cash|Listed|Investment|Other||
|---|---|---|---|---|---|---|
|||equivalents
f|investments
f|properties|investments
L'|Total|
|Cost orvaluation|||||||
|At 1 April|2022|93,570|1,620,146|2,424,277||4,137,995|
|Additions||245,543|112,998|||358,541|
|Disposals||(251,391)|(174,428)|||(425,819)|
|Fair value|movements||(161,768)|(309,277)||(471,045)|
|At 31 March 2023||87,722|1,396,948|2,115,000||3,599,672|
|Impairment|||||||
|At 1April|2022 and||||||
|31 March|2023||||||
|Carrying|amount||||||
|At 31 INarch 2023||87,722|1,396,948|2,115,000|2|3,599,672|
|At 31 March 2022||93,570|1,620,146|2,424,277|2|4,137,995|
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|20.|Debtors||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6||
||Trade debtors||||4,268|7,640|
||Prepayments|and accrued income|||276|85|
||Other debtors||||114,935|28,693|
||||||119,479|36,418|
||The debtors above||include the following|amounts|falling due after more than one year:||
||||||2023|2022
f|
||Other debtors||||101,051|15,000|
|21.|Creditors: amounts||falling due within|one year|||
|||2023
f|2022|
|---|---|---|---|
|Trade creditors||638|8,893|
|Accruals and deferred|income|5.400|3,950|
|Social security and other taxes||3,762|498|
|||9,800|13,341|
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||||||||At|
|---|---|---|---|---|---|---|---|
|||At||||Gains and|31 INar 202|
|||1 Apr 2022
F|Income|Expenditure|Transfers
6|losses
f|3
6|
|General|funds|4,616,298|156,921|(394,968)|(2,115,000)|(466,763)|1,796,488|
|Investment||||||||
|Property|Fund||||2,115,000||2,115,000|
|||4,616,298|156,921|(394,968)||(466,763)|3,911,488|
||||||||At|
|||At||||Gains and|31 Mar 202|
|||1 Apr 2021|Income|Expenditure|Transfers|losses|2|
||||6||9||6|
|General|funds|4,671,362|622,453|(269,697)||(407820)|4616298|
|Investment||||||||
|Property|Fund|||||||
|||4,671,362|622,453|(269,697)||(407,820)|4,616,298|
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|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2023|
|Tangible fixed assets||208|208|
|Investments||3,599,672|3,599,672|
|Current assets||321,408|321,408|
|Creditors less than|1 year|(9,800)|(9,800)|
|Net assets||3,911,488|3,911,488|
|||Unrestricted|Total Funds|
|||Funds|2022|
|||6||
|Tangible fixed assets||||
|Investments||4,138,328|4,138,328|
|Current assets||491,311|491,311|
|Creditors less than|1year|(13,341)|(13,341)|
|Net assets||4,616,298|4,616,298|
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|Analy|sis|of|chan|ge|s
in net debt||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||At|
|||||||At|1|Apr 2022|Cash flows|31 Mar 2023|
|Cash|at|bank|and|in|hand|||454,893|(252,964)|201,929|
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