|Statements|||||
|---|---|---|---|---|
|**Receipt**|**Notes**|**£**|**2024**|**2023**|
|Donations|(2)||26,000||
|Hire/ Rent|||---------||
|Total Receipts|||26,000||
|**Payments**|||||
|Charitable Activities||8,000|||
|Light & Heat||4,100|||
|Insurance||2,500|||
|Equipment||6,000|||
|Travelling Expenses||1,620|||
|Telephone & Internet||700|||
|Saundry Expenses||490|||
|Bank Charges & Interest||165|||
|Mentoring Activities||800|||
|**Less Total Expenses**||||(24,370)|
|**Net Receipts**||||**1,630**|
|Cash Funds from Last Year||||400|
|**Cash Funds this Year End**||||**2030**|





Cymru Children & Youth Sports Foundation Statement of Financial Position as at 31 March 2025 

|**Details**<br>**Notes**<br>**£**<br>**Fixed Assets**<br>Tangible Assets<br>**Current Assets**<br>Debtors<br>Cash at bank & in hand<br>**Creditors**<br>Amounts Falling due within 1 Year<br>Net Current Assets<br>**Funds of Charity**<br>Unrestricted Funds<br>**Total Funds**|**2024**<br>**2023**<br>300<br>600<br>4,500<br>5,400<br>(3,370)<br>2,030<br>2030<br>**2030**|
|---|---|



## **Notes to Accounts** 

## 2) Incoming resources 

All  incoming  resources  are  redeemed  once  the  charity  has  legal  entitlement  to  their resources, it  is  prudent  that  the resources  will be  received,  and  their  monetary  value realized. The following policy should be applied to the categories of income. Voluntary income is received by way of donations and grants and is fully disclosed in the Statement of Financial Activities. The value of services donated by volunteers has not been included in these accounts, except where the services provided are professional services where a fee would otherwise be charged, in which case the donated service is valued at their chargeable rate. 

## d) Costs of generating funds. 



The costs of generating funds are those incurred in attracting voluntary income or in trading activities undertaken to raise funds. 

## **Incoming Receipts** 

|**Incoming Receipts**||
|---|---|
|Details|Total Funds|
|Donations|16,000|
|Children’s Chapter|10,000|
|Total Funds|26,000|



These financial statements were approved and authorized for issue by the Board of trustees and signed on their behalf on 25/04/23 by 

Chair of Trustees 

Phillip Mpukusa 

Basic financial liabilities Basic financial liabilities, including creditors and bank loans, are initially  recognized  at  transaction  price  unless  the  arrangement  constitutes  a  financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Debt instruments are subsequently carried at amortized cost, using the effective interest rate method. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.