Charlty registration number 1172898 {England and Wales) Company registrdtion number CE009907 BOOMERANG CARDIFF ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
BOOMERANG CARDIFF LEGAL AND ADMINISTRATIVE INFORMATION Trustees Miss S Gwitym Mr M Bricknell Miss K Micallef Mr J Ackemian Senior management Mr P Gwilym Mr D Summers Chief executive officer Operalions manager Charfty number (England and Wales) 1172898 Company number CE009907 Registered offlce Unit 5 Ternplar Park Industrial Estate East Moors Road Cardiff CF24 SEW Independent examiner HLS Accounting Limited 59 Llywn Y Pia Road Lisvane Cardiff CF14 OSX
BOOMERANG CARDIFF CONTENTS Page Twstees. report Statement of twstees, responsibilities Independent examinerfs report Statement of financial adivities Statement of financial position Notes to the financial statements 9-19
BOOMERANG CARDIFF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for the year ended 31 December 2024. We are proud to present Boomerang Cardiffs Annual Accomplishments Report for 2024, a year marked by growth. innovation, and measurable communty impact. Despite the economic and social challenges facing local farnilies, B¢)omerang Cardiff has continued to provide vital support across Cardiff and South Wales, empowering indmduals. reducing waste, and transforming lives. Through the dedication of our team, trustees, partners, and volunteers, Boomerang Cardrff has delivered lrfe-saving assistance. strengthened community resilience. and further established itself as a leading force for good in IAlales. The financial statements have been prepared in accordan with the accounting policies set out in note 1 to the financial statements and comply wtth the Chariws governing document. the Companies Act 2006 and "Accounting and Reporting by Charities: Slalement of Recommended Practice applicable to charities preparing their accounts in aco?rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Objectlves and actlvltles Boomerang Cardiff has been an ongoing project sinc8 our inception in 2017. Under the umbrella of our organisation. we now have 5 key areas. HomelessnesslPrevention of homelessness In Work Poverty Social IsolationlLoneliness Community EngagementlEducation SportslHealth & Wellbeing Public b8n8fit The Truslees have paid due regard to guidance issued by the Charty Commisslon in deciding what a¢tivities Ihe Charty should undertake. Hon16sSn9ss/Pr9venti0n of homal8ssngss We support the positive move on of homeless familieslindmduals. When som80ne is given the keys to their home. most of the time il will be unfurnished, $0 we provide a basic essential fumiture starter pack which is FREE. Each pack contains a bed for every bedroom, a sofa, wardrobelchest of drawers a bedside tsble, kettle, toaster and a Boomerang starter pack that would consisl of plales. cups, dishes. crockery and utensils. In Wort( Poverty This can be with a piece of fumiture for themselves or their thildren. White goods, electrical items, dothing or any other support they may need. There are certain grants and pots available to people who claim benefits to obtain fumiture that is simply not available for anybody who is suffering the ttardship of'ln work poverty.. When something breaks it can be incredibly stressful living without that item until next payday, especially rf there are dependants in the household. Social IsolationonelinesS We offer support and encouragement to try and get people out by inviting them to coffee rnomings. local groups. activitylfun days as well as the option of volunteering. Community Engag8menfEducation Supporting local schools and community groups in the Cardiff area. Children have engaged in asSemblS aimed al educating them about povety with the strains and hardships that some people face. We run activitylfun days held in the school holidays for local disadvantaged children. We are also running a 'Period Poverty Projed. which provides FREE sanitary products to schools and community groups. Sportthlealth &Wellbeing Encouraging exercise through a range of sporting activities from foolball lo dodgeball whilst promoting a healthy eating lrfestyle. We run a range of afterschool physical activities for the local community.
BOOMERANG CARDIFF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfomMnce Significant activities and achievenpnts against objectives Community Engagennt and OUaCh Ac¢ompltshments: Delivered Year-Und fundraising, awareness campaigns, and community events. Founder Paul Gwilym was recognised as a regional finalist in the Pride of Britain Awards, while Dave Summers received the High Sheriff of SoLrth Glamorgan Award for Services to thè Community. The 2024 Christmas Gifi Appeal supported hundreds of local children and families. ensuring no one was left behind at Christmas. Benefrts: Elevated Boomerang Cardiffs profile and credibilty within the charity, busin8ss. and civic communities. Increased engagement and strengthened partnerships across Cardiff and the wider region. Fumiture Recycling and lTrWorf( Poverty Support Accomplishments.. Colle¢ted 3,001 pieces of fumiture from Cardiff residents for redistribution. Continued partnership with Wales & West Housing Association to help familiès in crisis. Secured £17,000 from Zurich Community Twst (restricted funds) supporting over 500 working individuals affected by in-work povety. Benefrts: Delivered dignity and stability to households experien¢ing hardship. Saved 60.850 tonn@s of furnitu from landfill, while preventing 89.245 tonnes of Coze emissions from entering Ihe atmosphere. ReinfOrd Boomerang Cardff s leadership in sustainable, cirujlar community solutions. Pay It Fotwarf HUB and Community Programmes Accomplishments: Expanded our HUB activities lo include adult boxing, Lego dubs. messy play, themed parties, and family bingo. Launched free after-school and girts-onty clubs, creating safe spaces for children and young people. Delivered seasonal events throughout the year including Chrislmas, Easter, Halloween, and half-temi boot camps. Benefits.. strengthened community cohesion and improved wellbeing for all ages. Provided accessible, inclusive opportunlties Ihat bring families together and reduce isolation.
BOOMERANG CARDIFF TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Boomerang Lounge Café and Pay It Fornanl Wall Accomplishments: Operated successful as a self-sustaining communty Café. reinvesting proffts back into Boomerang Cardiff. Through the Pay It Forward Wall, provided £4.500 worth of meals and drinks. directly supporting 489 people facing hardship. Staff signposted and supported two individuals from street homelessness into supported accommodation. helping them rebuild their lives. Beneffts: Delivered Iwly life-saving help. offering warmth, food. and pathbvays to recovery. Strengthened Boomerang Cardiff s repLrtation as a compassionate. praGlical, and peOpIntred community spa. Period Dignity Project Accomplishmerrts.. Operating in 78 schools, supporting over 1,1)00 young people every month. Delivered essential sanitary products, wellbeing education, and equality-based leaming. Built lasting partnerships with schools and councils aGross South Wales. Benefits: Ensured no leamer misses eduGation due to lack of period products. Reduced stigma and financial pressure for families. improving self-esteem and school attendance. Environment81 Leadership Accomplishments: Achieved major sustainabilty milestones: 89.245 tonnes of CO2e emissions saved from entering the atmosphe. 60.850 tonnes of waste diverted from landfill through fumiture reuse. Continued expansion of solar infrastructure, green planning, and recycling initiatlves. AdVand preparations for electric vehicle transition and rainwater harvesting systems. Benefits: Tangible progress toward Boomerang Cardiffs vision of becoming Vvales, Greenest Industrial Park. Environmental responsibility embedded as a core organisational value. Financial Growth and Sustainatslify Accomplishments.. Secured a £15,1)00 grant from The Waterloo Foundation toward project costs. Awarded £14,000 from The National Lottery Awards for All - Accessible Grarrt to improve indusion and accessibilty. Received £6.900 from Give DIFF a Future Fund, supporting core operations and local projects. Maintained an 80Y• reduction in energy costs thanks to the ongoing success of our solar array. Beneffts.. Diverse income streams have strengthened financial resilien¢e and long-term sustainability. Operational savings have allowed more resour¢es to be directed toward Community delivery. Financial review
BOOMERANG CARDIFF TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT> (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Reseryes policy It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at an adequate level equivalent to between on8 and three month's expenditure. The Trustees consider that reserves at this level will ensu that, in the event of a significant drop in funding, they will be able to Continue the Charitys current activities while ¢onsideration is given to ways in which additional funds may be raised. This level of reserves has been maintsined throughout the year. Plan$ for future perfods Our focus for th8 coming year will be the Completion of the Empowering Communities modular village, housing- A Repair Café, teaching practical reuse and repair skills. A Community Grow Garden, encouraging self-sufficiency and wellbeing. 2025 Goals: Expand the Period Dignity Project to 100 schools. Transition fully to electric vehicles and green energy systems. Grow our In-work Poverty Fund through new partnerships and business engagement. Concluslon 2024 has been a year of measurable progress, tangib18 Outcomes, and profound human stories. From families receiving furniture and food to individuals moving from the streets into supported accommodation, Boomerang Cardiff has continued to change and save lives. Through teamwork, innovation, and integrity, remain guided by our ethos- 'No one can help everyone, but everyone Can help someone.. Structure. governance and management Boomerang Cardiff is 8 Charitable Incorporated Organisalion règistered in England and Wales with the Charity's Commission. The registered office is Unit 5. Templar Park Industrial Estate. East Moors Road, Cardiff, CF24 SEW. The Trustees. who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statemenls were- Miss S Gwilym Mr M Bricknell Miss K Mi¢allef Mr J Ackemian R8cnlitnnt and appointment of tnist8es The tTUStees' report was approved by the Board of Trustees. Miss S Gwilym Trusteg 29 October 2025
BOOMERANG CARDIFF STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees. who are also the directors of Boomerang Cardiff for the pUoSe of company law, are responsible for preparing the Tnjstees. Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards {United lfjngdom GeneraltyAccepted Accounting Practice}. Company law requires the Trustees to prepare financial statements for each financial year which give a twe and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources, including the income and expendilure. of the charitable company for that year. In preparing these financial statements, the Trustees are required lo: select suitable accounting policies and then apply them consistently- - observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the financial statements- and prepare the financial slaternents on the going concem basis unless it is inappropriate to presume Ihat the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuraGy at any lime the finan¢ial position of the Charity and enable Ihem to ensure Ihal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BOOMERANG CARDIFF INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOOMERANG CARDIFF I report lo the Trustees on my examination of the financial statements of Boomerang Cardiff {the Charity) for the year ended 31 December 2024. Responsibilities and basis of report As the Trustees of the Charity (and also ils directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satlsfied rnyself that the financial slalements of the Charity are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my exarninalion of Ihe Charity's financial statements ¢¥rried out under section 145 of the Charities Act 2011. In carrying out my èxamination I have followed the Dirèctions given by Ihè Charity Commission under section 14515)Ibl of the Charities Act 2011. Independent examiner's statement Since the Charity's gross income exceeded £250,000, the independent examiner rnust be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified lo undertake the examination be¢aus& I am a member of the Association of Chartered Certlffed Accountants, whlch Is one of the Ilsted bodies. I have Completed my examination. I confirm that no matters have come to my att8ntion in connection with the examination giving me cause lo believe that in any material respect.. accountlng records were not kept in respect of the Charity as required by section 38e cf the Companies Acl 2008. thè financial statements do nol accord with those records., or the financial statements do not comply with the accounting requirements of seclion 396 of the Cofflpanies A¢t 2006 other than any requirement that the financial statements give a true and falr vlew, whlch Is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recomrnended Practice for accounting and reporting by charities applicable lo charities preparing their financial statements In accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in conne¢lion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial slalements to be reached. HL Ac ACCA 59 Llywn Y Pia Road Lisvane Cardiff CF140SX nting Limited Dated..
BOOMERANG CARDIFF STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Re8tri¢tsd funds funds 2024 2024 Total Unrestrictsd R•strlcted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 265,461 282,761 46,591 11 2.000 267.461 282,761 46,591 11 214,702 249,490 64,674 174,452 389,154 249,490 64,674 30 Total Income 594.824 2.000 596,824 528,896 174,452 703,348 Expendlturo on: Raising funds Charitable activitles 196,889 374,303 2.000 198,889 374,303 99,454 451.921 55,383 20,069 154.837 471,990 Total expondlture 571.192 2.000 573.192 551.375 75,452 828,827 Net income and movoment in funds 23,632 23,632 (22.479) 99.000 76,521 Reconciliation of funds: Fund balan$ at 1 January 2024 14,893 534,000 548,893 37,372 435,000 472,372 Fund balancos at 31 Decembor 2024 38,525 534,000 572,525 14.893 534,000 548,893 The ststement of financial adivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
BOOMERANG CARDIFF STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Investments 13 14 869,490 100 715,068 669,590 715,068 Currgnt as5etS st¢)d(s Debtors Cash at bank and in hand 15 16 47,500 76,916 1,953 60.000 5,360 7,531 126.369 72,891 Creditors: amounts falling due wlthln one year 19 (141,517) (85,596) Net curront liabilitie$ (15.148) (12,705) Total assets less Current liabllities 654.442 702.363 Creditors: amounts falllng due after more than one year 20 {81,91n (153,470) Net assets 572,525 548,893 The funds ofthe Charity Restricted income funds Unrestricted fvnds 21 22 534.000 38.525 534.000 14.893 572,525 548,893 The company is entitled to the exemption from the audit requirement ¢ontained in section 477 of the Companies Act 2006, for the year ended 31 December 2024. The direclors acknowledge their responsibilities for cYJmplying with Ihe requirements of the Companies Act 2006 with respect to accounling records and the preparation of financial statements. The members have not required the Company to obtain an audit of its financqal stslements for the year in question in a¢¢ordance with section 476. These financial statements hav8 been prepared in a¢¢ordance with the provisions applicable to companies subject to the small companies regime. The financial sta18ments were approv8d by the Trustees on 29 October 2025 Miss S Gwilym Trustee Company registration number CE009907 (England and Wales)
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity infonnation Boomerang Cardiff is a Charitable Incorporated Organisalion regist8red in England and Wales with the Charity's Commission. The registered office is Unit 5, Templar Park Industrial Estate. Easl Moors Road, Cardiff. CF24 SEW. 1.1 Accountlng convenllon The financial statements have been prepared in accordance with the Charity's goveming document, the Companies Ad 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" {'FRS 102.) and the Charities SORP "A¢¢ounting and Reporting by Charities.. Slalement of Recornmended Practice applicable to tharities 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 is a Public Benefit Entity as defined by FRS 102. The Charty has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statemenls are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial stalements are rounded to the nearest £. The financial statements have be8n prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the golng ¢on¢em basis of a¢¢ounting in preparing the financial stalemenls. 1.3 Charitsble fund$ Unrestricted funds are available for use al the dis¢relion of the Twstees in lurtherance of their ¢haritsble objectives. Restricted funds are subject to specrfic condiiions by donors or grantors as 1¢ how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital musl be maintained by the Charity. 1A Income InMme is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probabl8 that income will be r8C8ived. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as contingent asset.
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcies (Continued 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer e¢onomi¢ benefit to a third party, it is probable that a transfer of economic beneffts will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is ¢18ssified by activity. The costs of each adivty are made up of the lotal of direct costs and shared Costs, induding support costs involved in undertaking each adivity. Dir8Ct costs attribulable lo a single activity are allocated directly to that activity. Shared costs which contribute to more Ihan one adivity and support costs which are not attributsble to a single a¢tivty are apportioned between those activities on a basis consistent with the us8 of resources. Central staff costs are allocated on thè basis of time spent, and depre¢ialion charges are alloe2ted on the portion of the asset's use. 1.6 Tangible flxed assets Tangible fixed assels are initialty measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depre¢ialion is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and equipment Computers Motor vehicles 150h Reducing Balance 330/0 Straight Line 200/. Reducing Balance The gain or loss arising on the disposal of an asset is determined as the difference be8&n the sale proceeds and the Carrying value of the asset. and is reojgnised in the statement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initialty measured al transadion price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are re¢ognised in net in¢omel<expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain beneffts from its activities. 1.8 Impalnnent of fixed assets At each reporting end date, the Charity reviews the Carrying amounts of its tangible assets to detem)ine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the re¢ov8rable amounl of the asset is estimated in order to determine the extent of the impairmenl loss (if any). 1.9 Sto¢ks stocks are stated at the lower of cost and eslimated selling pri¢e less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement Cost and cost. Net realisable value is the eslimated selling price less all estimated Costs of ¢ompletion and costs to be incurred in marketing, selling and distributton. 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Guent liabilities. 10-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies IContinued} 1.11 Financial instruments The Charity has elected to apply the provisions of Section 11 'Ba5ic Financial Instruments, and Section 12 'other Financial Instruments Issuos, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becornes party to the ntractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simuNaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequentty carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the preser)t value of the future receipts discounted at a market rate of interesl. Financial assets Classified as receivable wilhin one year are not amortised. Basic financlal Ilabilities Basic financial liabilities, including Creditors and bank loans are initially recognised at transaction price unless the arrangement Gonstilutes a financing Iransadion, where the debt instrumenl is measured at the present value of thè futur8 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently ¢arried at amortised cost, using Ihe effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassrfied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Tradè creditors are recognised initially at transaction price and sub5equenlty measured at amortised cost using the effective interest method. Dereeognltlon of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.12 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in whith the employee's serVIS are received. Termination benefrts are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.13 Leases Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is tharged to net incomel{expenditurel for the year so as to produce a Constant periodic rate of interest on the remaining balan¢e of the liability. 11
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting ostimates and judgements In the application of the Charity's accounting policies. the Twstees are required to make judgements. eslimates and assumptions about the carrying amount of assets and liabilities that are not readily apparenl from other souros. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Adual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 67,793 197,668 67.793 199,668 85.063 129,639 85,063 304.091 2,01)0 174.452 265,461 2,000 267,461 214.702 174,452 389.154 Income from charitsble activities Unrestricted funds 2024 Unrestricted funds 2023 Fumiture $ales Sale of goods 282,761 249.490 Income from other trading aclivities Unre$trlctod Unrestrlcted funds funds 2024 2023 Fundraising events Olher income 13,640 32,951 19.462 45.212 Other trading activities 46,591 64,674 12-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investrnents Unrestricted Unrestslcted fund$ funds 2024 2023 Interest receivable 11 30 Expendlture on ralslng funds Unre8tri¢tsd Restricted funds funds 2024 2024 Total Unrostrictsd Restricted fund$ fund5 2023 2023 Total 2024 2023 Fundraising and publicity Seeking donations, grants and legacies staging fundraising events Advertising 14,113 14,113 19,811 19,811 981 895 981 895 11,494 3,558 11,494 3,558 15,989 15.989 34,863 34.863 Trading costs Other trading activities 180,900 2,000 182,900 84,591 55.383 119.974 Total costs 196,889 2,000 198,889 99,454 55,383 154,837 13-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable actlvities Charftsble activities 2024 Charitable actlvities 2023 Direct costs Staff costs Depreciation and impaimient Premises expenses Sundry costs Hire purchase interest Finance costs Staff training Staff unrfomi Donations 244,764 45,577 37,468 3,170 11,530 1,439 281.042 26,026 129,053 6,057 2,888 1,054 1,124 728 75 344,751 447.244 Share of support and governan¢e costs Support Govemance 26.033 3,519 18,890 5,856 374,303 471,990 Analysis by fund Unrèstricted funds Reslrided funds - general 374,303 451,921 20,069 374,303 471,990 Net movement In funds 2024 2023 The net movement in funds is stated after charging1(crediting)'. Fees payable for the independent examination of the ¢harity's financial slatements Depreciation of owned tangible fixed assets 480 45,577 28,026 10 Trustees None of the Trustees (or any persons connected with them) re¢eived any remuneration or beneffits from the Charity during the year. 14-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employees The average monthly number of empk)yees during the year was.. 2024 Number 2023 Number Fundraising Charitable activities Govemance 12 11 Total 18 17 Employment ¢o$ts 2024 2023 ,Wages and salaries Social security costs 238,033 6.731 270,049 10,993 244.764 281,042 There were no employees whose annual remuneration was more than £60,IXIO. 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Tanglble fixed assets Freehold land and bulldlngs Plant and aqulpmgnt Computers Motor vehicles Tot•1 C¢>st At 1 January 2024 438.600 269.059 4.032 92,679 804.370 At 31 December 2024 438,600 269,059 4,032 92,679 804.370 Depreclatlon and Impalrnient At 1 January 2024 Depreciation charged in the year 58,157 31.635 1,456 29,690 12,598 89,303 45,577 At 31 Dernber 2024 89.792 2,800 42.288 134,880 Carrying amount At 31 Dernber 2024 438,600 179.267 1.232 50,391 669,490 At 31 December 2023 438,600 210,902 2,577 82,989 715,068 15-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Fixed asset investments Unlistsd Investrnents Cost or valuatlon At 1 January 2024 Additions 100 At 31 December 2024 100 Carylng amount At 31 December 2024 100 At 31 December 2023 2024 2023 Other investments comprise.. Notes Investments in subsidiaries 25 100 1S Stocks 2024 2023 Stocks 47,500 60.000 16 D¢btors 2024 2023 Amounts falling due within one year: Amounts owed by subsidiary undertakings Prepayments and accrued income 76,556 360 5.000 360 76.916 5,360 16-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Loans and overdrafts 2024 2023 Directors. loans Other loans 46,525 30,300 20,166 47,750 76,825 67.916 Payable within one year Payable after one year 76,825 30,166 37,750 18 Flnanee lease obllgatlons FLrture minimum lease payments due under finance leases: 2024 2023 Imthin one year Wrthin two and five years 35,655 81,917 35,654 115,720 117,572 151,374 The amounts induded under finance lease and hire purchase contract obligations are secured against the asset to which they relate. 19 Creditors: amounts falling due within ono year 2024 2023 Notss Obligations under finance leases Borrowings Other taxation and social security Trade ¢reditors Other creditors Accruals and deferred income 18 35,655 76,825 20,120 3,183 5,254 480 35.654 30,166 4.112 7,120 141,517 85,596 20 Creditors: amounts falling due after more than one year 2024 2023 Notes Obligations under finance leases Borrowings 18 81.917 115.720 37,750 81,917 153,470 17-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjed lo spe(afic conditions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expendod At31 Decembor 2024 534,000 2,000 (2,000) 534.000 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 435,000 174,452 <75,452) 534,000 22 Unrestrlcted funds The unrestricled funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incomlng resources Resources expended At31 December 2024 General funds 14,893 594.824 (571,192) 38,525 Previous year. At 1 January 2023 In¢omlng Resources resources expended At31 December 2023 General funds 37.372 528,896 (551.375) 14,893 18-
BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Anatysis of net assets between funds Unrostrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 December 2024: Tangible assets Investments Current assetsl(liabilities} Long term liabilities 135.490 100 {15.148) (81.91n 534,000 669,490 100 (15,148) (81,917) 38,525 534,000 572,525 Unrestricted funds 2023 Restrfcted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsl{liabilities) Long temi liabilities 181.068 (12.705) (153,470} 534.000 715.068 (12.705) (153.470) 14,893 534,000 548,893 24 Related party tran$a¢tlons During the year the CEO Mr P Gwilym made advances to the company and received repayments. At the year end the company owed Mr P Gwilym £46,525 (2023: £20.166). The amount is unsecured, interest free and repayable on demand. 25 Subsidiarie8 These financial statements are separate Charity financial statements for Boomerang Cardiff. Details of the Charity's subsidiaries at 31 Dember 2024 are as follows.. Name of undertaking Registered office Nature of business Class of •A Held shares held Dlrect Indirect Boomerang Lounges Cardiff United Kingdom Licensed restaurants Ltd Ordinary 100.00 19-