CharSty 91•atiOn number 1180433 Company rtglltrntion number 11212959 (England and Wale81 HIRWAUN YMCA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HIRWAUN YMCA CONTENTS Page Trustees, port statement of tiustees, S?OnSibl1ities Independent examine¢s report Stalernenl of financial actwities 8alance sheel 10 Notes lo the financial statements
HIRWAUN YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The tlU51885 pSent their annual report and financial statements for the year ended 31 March 2024. The financial statements have beèn prepared in accordan with the accounting policies Set out in note 1 to the rinanoal statements and comply with the ¢k8rily'$ governing docufflenl, the Cornpanies A¢1 2006 an "Accounting and Reporting by Charities. Slatemanl of Recommended Practice applicable lo charities preparing their aetount5 in accordance with the FinanrA81 Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" Oblectlve• and o¢t1v5¢$ Hirwaun YMCA Youth and Cornmunlly Centre was èstablished in 1943 to provide soclal. physical and educ4tion81 opportunities to re$entS of HIaUTr and the surrounding area With ils headquarters ILKaled In the upper Cynon Vall&y villagè of HIMaun, th? oroanis8lion became a registed charrty in 1967 And h83 been recognised as a model of good pr8clice for Ic¢al community action On 19 Febru8ry 2018, HIaUn YMCA hanged 118 legal slalus and became a limited eompany No 11212959 wilh Charitable ststus No 180433. Operating across the Cynon Valley, the YMCA h85 51rived to address some of the Issues within tho most deprived communiti8s in the UK by d81ivering employ8bilily and youth proiecls on a SeNic• L8vel A9rternenl ISLAI basis, conlnbuting to Welsh Government's Slralegic Aims The YMCA'S model of delivery and financing these services is based on partnership working, with services developed and expanded as needs are Identified and revenue cosls can be souietd. This approach has re5ullecJ in a wide range ol CL>mplementary fundiThJ streams. all a eomrnon purpos¢. 19 improv? Ihe lives of fesidenls. Publlc benef The Iru51ees have paid dug regard lo guidance issued by the Chanty Commisilon in dgoding what ¥#ivrtie8 the ehèrity should und?rt8ke. which 1$ refler#ed throhoUl the organ18•1ion'$ operaln81 plin. Achlevoments and pertomanc• Communlty C•fé Our newly completed café arèa offèrs tea, coffè> and $nacks lo centre uBers. serving as 8 cornmunlly meellng place The tafé fosters sooal connection and support, cre8ting 8 welcoming h8ven for Individuals who may b• rnarginali$ed or g?0graphi¢ally isolated. R¢¢¢nt D?v¢lopmgntO Warm Hub8 and Food Servlces Thi$ year. we have IntroducEd warm hubs al the YMCA. provIng a 6ale and wami spac8 lor individuals durin colder months These hubs aim to supporl vulnerable community members by offenng warmth. companionship and a place 10 connèci with Others. Our lood pantry 8nd food bank initiatives have 8L50 been pivotal in supporting our community. The food pantry provide5 Immediate 8S5i51ance lo individual$ and families facing food Insecurity. offenng essen11819roceries anL1 household items The food bank collects. stora and dislribules 18rge ouantils of food lo those In need, ensuring that no one in our community goes hun9rv Cla$$es and A¢tlvl¢leg The YMCA wntinues to offer 8 diverse Trnge o- classes and activities. Induding yoga, fiiness. music. and art$ and Crafts These programs promote physical health. atIVitY and social Inleraclion, catering lo a wide array ol interests and age group8. We have also sut$S1u1IY hosted monthly open mic ni9hls. fostering community spirit and showcasing local talent These events have been a resounding 5ucces5, drawing significant participation and enhannE comrnunity engagernenl.
HIRWAUN YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Community Events and Inltlatives Our cornmunily Christmas eveni was a highlight of the year. generating great public relations and oimmunity involvement. The evènt brought together residents of all age5, f051ering a sense of togethemess and holiday cheer. We a proud lo announ the completion of our community garden which features spaces for older pa)ple to sil amongst the fvowers and enjoy the living walls T11S garden provides a tranquil and beautiful environment for relaxation and SOall5tIOn. A number of volunteer> have started to come forward to help us maintsin the spa. Men's 5hed5 The Men's Sheds initiative conlnues to flourish, providing older community members wrth a space to pursue hobbies. share skills and foster social connections. Meeting twice a week. participants engage in practical activities, d15CUS5ion5 and r2maraderie. promoting mental well-being and cornbating social Isolation We have 5UPPOrted their application for capital funding from Welsh Govemment and they have been SUsSful in Securing a gr8nl of £25k for a complete renovabon of their faulily. P8rti¢ipanls a a150 volunteering in the organi5ation. buildirg outdoor covered areas lor play. and building bird and bat boxes wilh young YMCA members Youth and Play Provlslon Our youth and play prov1510n continues to thrive. wth high atten¢Jance number5 recorded across all activities We curienlly deliver programs in Hirwaun and Cwmbh. with plans to expand to Penywaun and Tnant. Activities indude play. youth activities, Issue-based 5es510ns and a health and well-being program focused on re511ience. Volunteer Engagement We have successfully recruited several volunteers who support various aspects of our work. induding the café area and youth and play programs. This volunteer Jngagement is crual to our future development, ensuring we rneel our obje¢tives as a dynamic, inclusive cornrnun'ty resource. We plan to host a series of open days to gather community feedback and ideas for our ongoing debek)pment Futurt Dèvelopment The groundwork for phase 2 of our Developtnent which Includes renovating the main hall aa into a vibrant community space has been completed This Spa will cater to arts. sporting a¢tivrties, community Tneelings, a ¢limbing wall and pull-out the3tie seating Thi5 devalopmenl Is essential lo meet the growing demand for our facilities and to enhance the 5UStainabilily of the (MCA We have applied to the Pen Y Cymoedd Comrnunity Fund, passed the expFe5sion of interest phase. Complet a full appli¢alion and waiting on the resul We are also seeking funding to employ a development worker who can maximise the facility'5 usage and ensure long- lerrn su51ainability Strategic Prlorftles Our strategic prionlies for the coming year indude. Further developing services ancl aclivilies-.hal benefit local peop. Generating income through the use of neth. rremises. Measuring the impact of our work. Fo¢using on projects that promote health. vell-being and the environrnent Increasin9 community engagement and PGrt cipation Supporting vulnerable populations through targeted outreach programs. Incre85ing awarenes5 and participation in health and wellness aciivilie5. Seeking grant funijing lor novations and irnrtiating a capital campaign for necessary upgrades. Seeking funding to deliver youth and play services in other areas In¢lvcJing Penywaun end Cwmbach. Conclu8lon Our primary focu5 remains on helping young peop* achieve their full potential and addressing the Specific needs of all cornrnunity members. Joinecl up wortÉing With strategic partners ensures we maximise our reach and imp8Ct. Regardless of background, everyone shoukj have the opportunity to reath their full potential Our Christian faith rnotivales us daily. We are committeil to the Welfa ol children, young people and the cornmunilies they live in. We welcome people of ¢11 faith5, backgiound5, and none, and 81rn to serve 1I08e who fa disadvantage or exclusion, while challenging discrirnin8tion and social inju51ice.
HIRWAUN YMCA TRUSTEES, REPORT (INCLUDING REcToRs. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH •024 Acknowledgements We exlend our heartfem thank8 to our le of sff and volunteers for their sJedicatv)n. res1n, 8nd ueath"vrty. Their commitment h8$ trRen Instwmental In m aintainin9 our ¢)perntH)ns antl finan1 Stability. allowthg u$ lo pro¥e essenb.al servi5 to our local communrts. We also extend our gratefvl thanks to wtro have shared our ViSKJn al supported and cOnne lo support our organisalion Wthout their help none of the achvements %wukJ be posst) Flnntl•l r•¥l•w Re•ults The charty made a defKrt 01 £52,X612023 suryJlus of £235,340) for the year en¢Jed 31st Marth 2024. 01 whieh a surplus before transfers 01 £138,01512023.' de-icl 01 £12,496) lated to unrestncted lunds. It 1$ the Trustees, policy to try lo have adequ&le general reseThfes in Ofder to prOVe finanoal sourceS to conlinue its coffj activitS shoukj there be a loss of incom• or unexpeu•d expeTh#ilur•. Th• amount of resèrvès availablè to the YMCA will ntéd to bt m8nag•d tli wJèntly to ensure Ih8t the YMCA i¥ abk to mak? Ihe transition Ihrough drfficutt penods Hirwaun YMCA re5erya5 pdicy indic81es that three months ol ¢urrenl expenditu to I value of £27.C#)O w reqund. Pr¢igd¥ pre proffil•J at Ihe stsrf 01 ts fina111 year wth a budget set ag¥in$t each project Unr98trthd lund¥ arg th¢)3e frJrKl¥ prgvthl to the chwrty Ihat the m)nag¢rrent and trus¢ can synd 85 they wish thIn Ihe confines ol any services requir&1 for the money. and Ihe requirements ol the objectives of the ehArily. Often Ihii will b• rswurw lor pro¥in 8 s•r¥K th thanly Èéing abkn lo derJd¢ how be¥¢ lo ¢ompl¢le th¢ ts$k The ch8nly'$ reserves at Ihe yearond lots11 £694.919 12023. £747.2251 cfjnsisting of unrestricte(J lunds of £623,017 12023. £383.4671 and re61rthd fundt 01 £71.W2 12023". £363.758I. The free re8erye8 of Ihe Larity lolalled £203 22712023 £38.4131 Pr••ent Income Stre¥m• The majonly ol Ihe YMCA'S revenue derives fron a 3eThice level agreennt wrth Rhondda Cynon T8ff, deliverin9 Empk)ymenl base¢J training and yOh and Plai services. This has been 8 consistenl revenue Starn for the organitIon and wè envimy no th8rwJ• going I)rr into lh• now finanual y••r. Rl•k Management The Trustees have a risk management 8lrate9y cunprw8' An annual review of the roks the ¢hanty may ta The e$labltshmenl of systems and prwdure$ lo mitigate those risks The Impkftntstion of pro(tdures Jesgned lo minfft any potential impact on Ihe chanly shouKI thosè risks maienalise. Ak)ng wrth what coukl t descnbed 8$-rnr nsks inherent In managirva 8 ch8nty. The pnnwal r¢k¥ tsring Ihg thonty 8r¢ 0¥ hjlkn Fundlng Fluctuatlo Dependen on a lew major donors or fuThJing scxJr(ts can make our chanty vulner8bÈ to finano81 $tabilitY il these sources decrease or oas•. Cuffently the an1$aon derives much of rts ino)me from service Ve1 8greernent8 and sm811 grAnts from RhoThYd8 Cyron Taff Borough Councl. To negate this the organisatvn has de¥eK)ped a busires$ plan that has entsf*d potenlial fvnders in line wth th organisalions operational plan. 81$ a beirvJ prepad that go akjngsrtle our current provigon 8$ an add on to ensure the Organisan Is m¢)r• suSlainab.
HIRWAUN YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2if24 Econom1¢ Downtums Economic challenges can lead to a decline in 9rarits for charitable organisalions resulting in fundng becoming more Competitive. To cornbal this Hirwaun YMCA has developed a busI business plan that has been developed by axtensive rnmvnity engagement with clear objective¥ ar.d outcomes. We feel the work undertaken will give the organY8ation a cornpelitive edge. Inefflclent Oper•tloni Ineffective managameni. inèffiuent proce¥ses. or14ck ol scalabllity ean hinder th¢ charity's ability to achieve Its goals Currently Ihe organisalion h88 8 part time CEO as tie role is split into 2 sectors. managing o work dub proied 85 P8rt 018 8er¥ice Ve1 agreem•nl And g•nèrAI day to cay running of the charity, along with develonI work. To cornbal this the or98nisation Is seeking lunding kj omploy a full time Oeveloprnenl Worker to support and execute the organisalion's businè$s plAn. R•gulatory Changes Changes in laws 8nd wgul8lion8 8ffecling chanties Can cr•at• cornplianct challenges an¢J may requir• adiu51ment5 to the organisation's pr8clices. Regular reviews 81 808rd level. in consultation wilh senior rn8na9ement and partners will identily Ihas• risks and ensure responsibilrty can be de¥ignaled by the CEC lo relevant senior $1gff and managernenl personnel. Plans for future rIod$ Looklng Ahfr¥d We are exciied about thé future of Iho cenlre an¢ the new developmen18 that sr• tnhaneing our cornmunrty sources Vve envision the facility going frorn glnIth 10 stn9th. with current work laying strong loundats'on8 for long-lerm sustainability and growth. Reflectin9 on the post year, we express deep appreciation and gratitudè 19 our team cf Staff and volunteer8 Their commitrnent. resilience, and creative energy h8rf• enabled us lo m81nl8in operations and finana81 stability. providing much-needèd services lo our Ioc81 ¢gmmun lies Strutturo, govornlnce and managernent Organls•tlon The organisalion Is a charrtable Company govemèc under rt3 Memorandum and Articles ol Assoogtion adopt•d 171h October 2018. Governan¢8 Hirwaun YMCA is govemèd by ¥ Board of Directors iiat meets at leasl four tim8S Ptr yèar. A Chf Exe¢xJtive Y6 appointed by the Trustees to manage d8y-Itiday f,peralions The CEO ha5 delegated authority for operational rnatter8. including finance, employment, an¢ other (kni y aclivilies. within tertns approved by the Truslees Tru8ts* Indu¢tlon and Tralnlng New D1ctOrS have the opportunity lo undertake trairing from partner or9anisations such as Intedink and Vvales Cooperative. briefing them on their legal obligalic ns, the constitution, committee roles, and deeis¥)n-making proce5se5 A busines51development plan 1$ In placo developed and adopted by the current Board This year. we hove appointed two 8d%Yitional Trustees who bnng v4luable Insight and experien.
HIRWAUN YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 RS8k Management The Trustees have a risk management slralagy Ihat indudes.. An annual review of potential risks. Establishment ol systems and procedures tr) rniligale those nsks. Implementslion of proc8dures to rninirni$e any potential impact on the chaHty. Capltsl Inve8tmènt The Trustees aim to rnaintsin adequate qeneral reserves to ensure fin8na¥l rejoUr8 a av8118ble for core activities In ease of income 1088 or unexpected expendilure Unreslrielod lund5 8re Iho8e Ihal the managem•nt and Tru$tee$ can spend as needed within thè charity'5 objectives Stsff Our staff includè$ a full-lime Chief Executive offi&r a Youth & Play Manager. a Finance Officer, iwo lull-lim project workers, fv40 part-lime worker6, 8nd four sessional workers This wrnmitted team works both proactivèly and flèxibly to rneel the needs of our cornmunity.
HIRWAUN YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 R•l•rence #nd adrnlnlstratlve detsll• Reg18tered crIty nurnbgr 1180433 A•gSstered company MuMr 11212959 Regi•¢*r•d offl¢e YMCA Manchester Plac• Hirwaun Aberdafe Rhondda Cynon Taff CF44 9R8 Tru4tee• M Blayney- appointed 2fjr23 C James- appointed 2616123 G Reed R Reed C Shaw D Bryant- bppginled 30101Q4 O Bry8nl- appoinlgd 3CV01r24 S•¢r¢tsry N Reed K•y managrn•nl per¥onn•l N Reed Chief Executive A CONe9- Play and Development Manw Indendont •x•mlnérn Aze15 Audit Service5 Ty Dèrw Lirne Tree Courl Cardiff Gale &Jsiness Pa Cardiff CF23 8AB B¥nk¢rs HSBC 1 Centenary Square Brimingham B1 1HQ The trit5tees' report was approved by the Board )1 Tru¥1. G R•ed - Trustee
HIRWAUN YMCA STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also the of Hirwaun YMCA for the purpose ol company law. are responsible lor pparIng the Trustee¥, Report and the fin3noal 5tatemenls In act0rdare wilh appl1r2b law and Uniled Kingdom AccL)unting Stsndards Iunrted Kingdom GeneraltyAec•pted AcxountiNJ PractKel. Comp8ny Law requires the trustees to prepare finanr)8l51atents lor eath finanoal year which gwe a Irue an¢ fair ¥¥ of the stale ol affai of the chanty and of the incornir ¢¢$ and appluti¢)n ol WOur$. indudirg the incorne and expenditure. of the chartable c(Mmpany fcr that year. In pr•panNJ these financial $latement$. the tnlee5 we reqvir•d to.. - select suilabb accounting polw8 and then aFs)ty th¥n Conlently.. . observe the rn¢lhod5 and pnntykn In the Chants >ORP.. . make judgements and ¢StiMat thai ar• r•aaon8b and pnKlent.' and - prepao the finanual ststemenls on the goiThJ concem basis unltrss l•PPfepnate to Pfesun Ihal the chBrrty 11 continue in owralion. Th• trustees are spOnSIb for keepiThJ quate acwuniing records that disdose wrth re¥$on¥ble accuraey ai any tims the finanual position of Ihe ch8nly ond enabÈ thèm to ènsure thal the finanoal slatemenl$ ccynply with the Compans Act 2006 They are aL80 respongbk for saleguardiTha Ihe assets of the charity and hen for taking rea8onable Steps lor th¢ pf•v•nthin and d8tectKJn of fr8ULI ottr iTh¢9U1Drrt. The trustees are responsibk fgr the rnaintenance and integrrty of the ¢harrty an(1 finan31 Information Induded on the ehanty's website. Legislation in the United KiThJdom tr)vèming the preparalJn and dissemination of finan¢ial ttntS rnay differ Irom islabon in other iurisdicoig.
HIRWAUN YMCA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIRWAUN YMCA I report to the trustees on my ex8rninalion of the thanaal statements of Hirw?un YMCA Ithe chartyl lor Ihe year ended 31 March 2024 Re8pon8lbllltle8 and ba81$ of report As the tIU51ees ol the charity land also its directors for the purposes ol company lawl you are responsible for the preparation of the financial statements in aeeordaneè wilh tho requirernenls of the CoMpanS Act 2006 (the 2006 Acll. Having Éatisfred myself Ih8t the financial stalernerts of Ihe ChatY a not required to be audited under Part 16 of the 2006 Ad and are eligible for Independenl examination, I report in respect of my examination of th6 charity's financial statements camed out under s&=Iion 145 of tha Chantie$ Act 2011 Ilhe 2011 Actl In carrying out my ex8min8tion I have followed all the apF.Iicable Directions given by the Charity Commission under section 14515llbl olthe 2011 Act. Independent examlnerf8 •tstgment Since the charily'5 gr05s incorne exceeded £250.000 your examiner must be a membtr of a body listed in saeiion 145 of the 2011 Act I confirm Ihal l am qLalified lo undertake the examination be¢guse l am 8 member of In51itule Qf Chartered Accountsnls In England and Wttles, which 15 one of the118ted bodies I have cornpleled my examinalion. I confimi that no matters have eom• to my 8ttenlion in connedion wlh the examin8tion givin9 me ¢8use lo believe that in an J rnalerlal respeet. aecounling records were not kept in respect )f the charity as required by section 386 01 th• 20C6Act". or the financial staltmenls do not accord with thrm records". or Ihe fin8nci81 slalements do not comply with the accounting requ1MentS of section 398 ol the 20C6 Ael other than any r6quir•mènt that th8 ae¢ounts giv¢ ? true and fair view which 18 not a mattar considw•d As pan of an Indèpèndènt exarninalion., or the financial slatemenls have not been pm)ared in aeeordsnce with the methods 8n¢J prinrjples of the Statement ol Recommended Practi lor a¢untIng and reporting by charities applicable to chanli•s prèparing their accounts In 8ccord8nce wilh the Financial Reporting Slan¢Jard applicabl• in thè UK 8nd Rwublic of Ireland IFRS 1021. I have no concerns and have come aeross no L*her mattèrs In connection with the examination lo which attention should be drawn in Ihis report in order to enable a proper underslanLling of the financrdl yiaiamènt5 to bo re8¢htrd. Andrew Howells Azets AvdSt Servl¢g• Ty Derw. Lime Tree Court Cerdiff G81e 8usiness Park Cardiff CF23 8AB United Kingdom Dated. .&1.:1 .. .2.5.
HIRWAUN YMCA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestdcted R8strSctsd fund¥ funds 2024 2024 Totsl Unrn8trfcted Restrfjctetl fund8 funds 2023 2023 Total 2024 2023 Notes Donations and leg8¢4e$ Charitablè 8etivili•i Investments 5,750 198,257 1,678 5.750 311.278 1,878 113,021 2.465 532 550.014 552.479 532 Total Incorne 205.685 113021 318.706 2,997 550.014 553,011 Charitable a¢tivitie• 67.870 303 342 371,012 15,493 302,178 317,671 N•t Incomlnglloutgolngl rg•ource8 before tran8fer• 138,015 1190.3211 152,3C61 112,4961 247,836 235,340 Gross transfer8 b•twa•n lundi 101,535 1101.5351 101.807 1101.8071 Nèt Incomellexpendlturel for the yearl Not mov•m•nt In lund• 239,550 1291,8561 152,3061 89,311 146,029 235.340 Fund balanc48 911 April 2023 383.467
33.758 747.225 294, 156 217.729 511.885 Fund balan¢•s at 31 March 2024 623.017 71,902 694,919 383,467 363,758 747,225 Th• 8lat•m8nt ol finanaal activiti•s indude8 All galns and losses r¢eognise¢J in th• yèar. All income and expenditure derive from continuing activities The Slalement of financial aclivitp$ also complies with the requirements for an income and expenditure account under the Compan9 Act 2006
HIRWAUN YMCA BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Nots Flxtrd a88*ts Tangible assets Curront a8$ets Oeblors Cash al bank and in h8n¢Y 11 491,320 421.588 12 24,453 191,746 29,864 301.267 216,199 331.131 Credltorn.. amounts falllng due wlthSn one y•ar 13 I12,6} 15,4941 Net Curwnl 86set6 203,599 325,637 Totsl ••••t• le88 curmnt Ilablllti 694,919 747.225 Income fund• Restricted funds 14 71,902 363,758 Designated funds General unreslricled funds 419,789 203,228 345.054 38.413 623,017 383.467 694,919 747,225 Th• comp8ny is èntitled 10 the exernplion frorn the ajcit requirement contained in section 477 01 th• Compani¢¥ A 2006, for the year ended 31 March 2024. The d1CtOrS acknowle(Sge their responsibilit$ lor complying with th• rnquir00nts of the Cornpanies Act 2006 wrth respect to aceounting records and th• ptsparali)r of finarrial $t8lernenl8. The rnembers have not required the company to oLaan 8n audit of its fin8ncis18tatgrn?nl$ for the year in question in aec¥)rdane• with soelion 476. The8e financial 51atemenls have been prepared in accordance with the provisions applicoble to comp8ni•s subject to the srnall companies regime. The finencial stalements We approved by the Trus ees on .a G Reed - Tru¥tse Cornpany Reglstratlon No. 11212969 10-
HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21r24 Accouniing policies Charity infomiation Hirwaun YMCA 15 a private cornp8ny lirniled ty 9uaranlee incorporated in England anij Wales The registere(I office Is YMCA Manchester Place. Hirwaun. A)era, Rhondda Cynon Taff, CF44 9R8. 1.1 A¢¢ounting convention The fin8n¢ial statements have been preparEd in accordan with Ihe chaTlty's Igoveming documentl. the Companies Act 2006. FRS 102 'The Finanwal Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Ch8rilies SORP Accounting and Reporting by Charrties." Staternenl ol Recommended Practir applicable lo charil e5 pieparing their a¢¢ounls in accordance wrth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019. The financial statements are prepa in sterfing, which is the functional currency of the charity. Monetary amounts in these finanaal Statements are rouited lo the ne8$t £. The finanaal statements have been prePad under the historical cost convention. The principal accounling polic$ adopted are set out below. 1.2 Goln9 con¢em At the Iirne of approving the financial statem8)ts, the trustees have a reasonable expectation that the Charity has adequate resour$ to continue In operat onal existen( for the foreseeatjle future Thus the trLEtees continue to adopt the going contm basis of cccounting in preparing the financial $tatèment5. 1.3 charitab funds unstricted funds are available for use al -he di$¢tIOn of the tru51ee5 in furtheranc£ of their charilab objective5. Desvjnated funds comprise funds ha¥e been Set aside at the discretion of the trustees for specific purposes The purposes and uses of the designated fijnds are sel out in the notes to the financial ststernenls. Restricted funds are subject to specific condifvons by donor5 83 to how they may be used. The purposes and uses ol the restricted funds are set out in the notes lo the financial statements. 1A Income Income is recogni5ed when the charity is lega ly entit to It after any perforrnanr£ wndilions have been met. the amounts can be measured reliably. an¢ it s probable that Income will be rerived. Cash donabons a reCOgned on receipt Other donations are recognised once the charity ha8 been notified of the donation. unless perfomiance condition? qui deferral of the amount. Income tax ¢0Verable In relation to donations reIved under Gift Aid o- deeds of covenant is recognised at the time of the donation. Income from grant5 is recognised when the tharity has entitlement to the fund5, any performance ntY1110n$ attached to the grants have been met. It Is p>bats that the income will be reIVed and the amount can be measured reliably and is not deferred. Capital grants are classified In strICte<l fJnds with depreciation ¢harged against the fund. Once the restriction has been mel the asset is transferred to unrestricted funds. Incorne from Service Level Agements is recowised in the period to which the service is provKled. Income from venue hire is recognised when the seNr is provided with any amount5 received in advance defer. Other income is recnIsed when reivable. 11
HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polities Icontlnuedl Investment income is included when reiVable. 1.6 Expendhure Expenditu Is recognised On there is a legal or constructive obligatn to make a payment to a third party. it is probable that settlernenl wll be required and the arnount of Ihe obligation can be measured reliably Expenditure is dassifiEd by activity The costs )1 each activily are made up of the total of (JIrt costs and shared costs, including support ¢1$ Involved In undertaking each activity Direct costs attribulalAe lo a single activity are allocated d1CtlY lo that aclivily. Shared costs which contribute to MO than one activity and support costs whrh are not attributable io a single activity are apportioned between those actwitEs on a basis consistent wilh the use ol resour5. Central staff ¢o$ls a allocated on the basis of time spent. and depreryation charges are allocated on the portijn of the assel's use. Expenditure on chantable activitie5 includes all x)sts relating to Ihe fUrther9n of the ¢harilYs objectives as stated in the trustees report and their assooated support costs Support ¢osls have been allocated between governance ¢o$ts and other support. Governan costs ¢cThprise all costs inv)Iving public accountability of the oharily an¢J ils Complian with regulation and good practice. 1.6 Tanglble fixed a8sets Tangible fixed as5et5 are initially measured al cost and subsequently Thèasured at cost or valuation, net of depreaation and any impaiment losses. Depreaation 15 recogni5ed so as to write off th& wst or valuation of assets less their Sid81 values over theii useful lives on the followng bases." Freehold land and buikjings Equipment 5% Strah1 line 200/ts & 330/ts slra[hl line The gain or loss arising on the disposal of an asset is determined as the differen between the sak pioce8ds and the carrying value ol the asset. and is reccgnised in the ststement ol financial adivth"es. 1.7 Impalrment of flxed a8$ets Al each reporting end date. the charity revIe'S the carrying amounts of its tangible assets to determine whether the is any Indication that those assets have suffe an Impairment 105s If any such indration exists, the cOverable amount of the asset is estimated in order to deietrnine the extent of the impaimient loss Ill anyl. 1.8 Cash and cash equlvalènts Cash and cash eouivalenls Include cash in hand. deposits held al call wrth banks. other short-lerrn liqu Inveslmenls wrth orKJin31 maturities of three months or less. and bank overdrafts. Bank Dverdrafts are shown thin borrowing5 in current liabilities. 1.9 Financial instruments The ¢harily has elected to apply the prov1510n5 of Section 11 'Basi¢ Financial Instruments. an¢J Sedion 12 'Olher Finanoal Instruments Issues. of FRS 1c2 10 all of its financial Instruments. Finan¢ial instruments are cOgnised In the £harity'8 balan sheet when the charrty becomes party 10 the contractual provisions of the instrument Financol assets and labilities are off8el. wittr the net amounts presented in the finanal Statements. when there is a legally enforable right lo sel off thfr r•¢ognised amounts and Iheiè is an intention to settle on a net basis or to realise the asset and settle the Iiabilrtj simultaneously. 12
HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polkl•• IContlnu•dl •slc Ilnanclal •ss•ts Basic financial assets, include deblors and cash and bank balances. are initially measured transaction prtt indudiNJ transacIn costs ¢nd a subsequently carried 81 amortised (L)sl using the effethve nte$t methoL1 unkss the arrangemenl wislrtules a finanong transaction, Whe Ihe transacaion Is measured at the preseni value of the future y1p1S dtso)unted at a market rate ol inierest Finanual assets clas5rhed ai rl¥ab within y•ar ar• not amortised. Derecognltlon of flmnchl assets Financial assets are derecognised only wh.r the contractual nghts to Ihe cash nows from the assel expl or are settled, or when the chzrrty Iransfer5 1he finanoal a$s•t and 5ub5tantsally 311 the nsk5 and reward5 of owner¥hip to anolher entity. or if some synifiTrt li5ks and rew8rd5 of ownership are taIned but control ol the asset has transferyed lo anolher party that Is able 10 Sell the asset in rt$ entltY lo an Unlated Ihird party. 8$k Iln•n¢l•l Il•bllld•8 B851c finanaal liabilities. Induding ¢reditorn #nd b8r loans 8r• Inrtialty re¢))gni #t transactron priet unless the arran9ernent cDnstilutes a financ4ng trars8cIn, Whe the debt instrunnt is 0$Ured at the prent valuè of the futurè payments discounted at a martel rate of Interesi Fin8noal IiabililS dassified as payats ithin cl yeor offj not •mtytla. Debt instrumeTrt8 are subsequently c•rrd •t arnortiwl 1. uwng the ¢ffectN? int¥wl rate rnethod. Trade cre(liloryJ a oblvJations to pay lor gocds or seNices Ihat ha¥e been acqUid In the ordinwy course of owralions Irom sUpplrS Amounts payatle are dassifd 8$ current liabilrtK8s if payrnenl is du8 within one year or less 11 not. they prtsented as nOnent lufjbilits Trade clIorS are e0gniSed initially at Iransadion pre and subsequently mea5UrtC al arn9 eosi using Ihè •ffectiv• int•r•st mtthod. D•rn¢ognklon olnn•ncll Il•bllltl•s Financial liabilities are dereco9n15ed er Ihe th81ity's eantractu41 ¢bli9alions •xpir• or arn di2th8rg•d or carelLd. 1.10 employ n¢t1 eosls of short-tem èmploy benefits we cogniSed as a liabilily and an expeTh•e. Un$0 th08e cogts are required lo be tscogniséd as pan of Ihe G>si ol slodf or fixed assets. Tho cost of any unus8d hol¢lay entrfkment is reo)3ntsed in the r¢ in Ihe employee's BeNice6 are rtIVed. Tem)Ination benefils are CrJnd IMCle as an expense when the charity 1$ demon81rably committed to lerminate the employment of an employee or lo pro¥e tennina.on benefits. 1.11 Retlrem•nt btn•ffts Paymenls lo define¢ cijnlribulion rebremeni tenefft Kernes are charged a5 an expvnse as they fall due. Crltic•l •¢¢ounting •stimat• •nd Jud9ements In the application of the chanty'5 accounting polioes. the trustees a required to make judgements. estimales and assumptions aboul the carrying arnount of assets and liabilit that a not readily apparenl frgm other sour8 The estimate5 and assoaated a5yJmptions a based oft hislori(al experien and o¢her tsdors that are consided to be relevarst. Actual results nay differ from these estimates. Th estimates and uThJerfyirKJ assumplKJn$ are revp*pd an ongoiThJ ba515. RtVi5itins to aeo)unting e51imat85 are recognised in the period In "whith the eslimale L8 viSed where the revision affects cnly that period. or in the pellod of the re¥ision and future penods where the reviwon affects both cunt and future periods. 13-
HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacles Unrestricted fvnd$ Totsl 2024 2023 Donations and 9$ 5,750 Gharftable a¢tJ¥ltles 2024 2023 Rental incwne Grants Other income servi level agreements 304 409.333 2,161 140,681 113.061 29.305 168.227 311.278 552,479 Analygs by fvnd Unrestricted funds Restrided funds 198.257 113.021 2.465 550.014 311.278 552.479 Investments Unrestricted Unrtstrlcted funds funds 2024 2023 Interest reable 1.678 532 14.
HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 204 Charftable •¢llvltle• 2024 2023 Staff costs DepreciatKJn ¥rKI inpoirment A4ivity costs Premises costs Caprtal costs not rec4Jverab Printing. pgstage and 51ation•ry Repairs and maint•nanc• Teleph¢ne and IT Trnining Travel and substr Subscnpiions In8ur8nc¢ Profèsslonal lees Sundry 156,424 29.036 30.710 99,318 181,408 17,251 13,602 2.974 61.512 815 4,918 3,273 4,264 1,589 4,342 4,784 720 2,092 892 11.468 3.401 1.693 5.728 1.693 4.713 329 4.438 349.841 303,544 Shar• ol support costs Isee nole 71 Share of 9overnance coats r#)te 71 17.918 3.253 11,6S4 2,473 371.012 317,671 Anaty•l• by fund Unrestncled lund8 R•sinded lunds fj7.670 303.342 15.493 302.178 371.012 317.671 Caplthl not rn¢o¥•r¥b 2023 Included wrthin Ir above Is an amount )f £61.512 r•garding dam89e6 awarded to the ehaflty from a supplr regarding a capital works dwute Ihat 9 yel to te re1ve. The supplr nI in lo Iv4uwJAiion and as such there Is UnrtaInty rtgarding the r&xwerabilrty of the funds and as such a provision ha5 been provided lof prudency. 15-
HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Govwnan¢• costs 2024 Suppc+rt Governance Costs Costs 2023 Staff o)sts Depreaation PmiseS o)sts Printing, posla9e and ststionery Repair5 and mainien8n Telephone IT Bank rar9es Insuran 9.791 1.528 5.227 9.791 1.528 5.227 9.548 908 157 9.548 908 157 47 47 43 43 259 172 315 252 259 172 315 252 179 294 179 294 AccountaTrcy 3.253 3,253 2.473 2.473 17.918 3.253 21.171 11.654 2.473 14.127 Analyse¢ betrn charitab a£vit*S 17.918 3.253 21,171 11.654 2.473 14,127 Governan costs indudes payments to the ndependent examinets of £3.253 12023". £2.05318nd £nil for rporats'on tax 5ervices12023". £4201. Tnrstees None of the trnslees retrwed any remuneratw or bereffts from ihe charty dunng the current or prior year. No Ifustees 1MbUrSe foreynses duriiE Ihe year12023 £nill. 16-
HIRWAUN YPdlCA NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Employees The average monthly number ol employees duri)g the year was.. 2024 Number 2023 Number Employment c¢)sts 2024 2023 Wages and salaries Social security costs Other pension costs 157,980 5.457 2.778 181,682 6,496 2.778 186.215 190,956 There wer8 no employees whose annual renwneration was £60.000 or more. Induded in wages and salaries costs abov8 EfE invoiced casual wages costs of £9.791 12023". £5,681). Kty management personnel The key management personnel of the charit4 during the perio(J a noted in Ihe trustee8 report. The total emolurnents and benefrts received by the key management personnel during the year was £68.810 12023 £68.7621 10 Taxation The chanty Is exempl from tsx on In¢ome 8nJ gains falling within section 505 of the Taxe5 Act 1988 or section 252 of the Taxationol Chargeable Gains A¢t - 932 10 the extent that these are applied to ils charitsble objects 17-
HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tanglble Ilxed •••ets Fm•W ihd Toi•l Co•t At 1 April 2023 Additions 448.338 100.296 15.863 464,001 100,296 At 31 March 2024 548.634 15.663 $64,297 D•pr•cl•tlon and Imylrnwnt At 1 Apnl 2023 DepreciatK)n char9ed in the year 33.597 27.432 8.815 3.133 42,412 30,565 At 31 Mareh 2024 61.029 11.948 72,977 Carrylng •mount Al 31 March 2024 487,605 3,715 491.320 Al 31 MJr¢h 2023 414,741 6,847 421,588 12 D•btor 2024 2023 Amounts l•lllng dug wlthln on• y•ar- h•r debtors 24.453 29,864 13 Crndhor•: •mounl• f•lllng due wAthln on• y•ar 2024 2023 Other taxation and 8¢wl Mujffly Other crtdrtorn Acxruals 2.673 540 9,387 2.794 540 2.180 12,6C 6.494 18-
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HIRWAUN YMCA NOTES TO THE FINANCIAL STATEM~NTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 16 Designated fund5 The income frjnds of the Charity indude Ihe fd10j dewgnated lunds have been sel a$e out of nStriCted fuThJs by the trustees for sr*)fic puwoses." 8•1on¢• •t 31 Ir(h ZOZ4 1 Awil 2022 expended 1 April 2023 expended Fixed assset fund 210.394 113.1531 147.813 345,054 125.5611 1CQ.296 419.789 210.394 113.1531 147,813 345.054 125.5611 1CQ.2 419,789 Flxed asset lund Fund designaied to repsent the unStngi1 frxed assets of the chanty. Movement rete$ to deweoatKJn charye and additioll5
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HIRWAUN YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 17 Related party tran$a¢tions Two of the trustee board art mother and tstryer to the Chief Executive as well as another staff member. An employee ol the chanty is also the partner ol the Chief Executive Both the trust8es and ChEf ExetiVe remove thernselves trorn any deasions thai would create a conflid ol Interest Conflicts are actively mana9ed, reviewed and documented. 24-
Hirwaun YMCA Yna Manthester Place Hlnvaun Aberdare Rhondda Cynon Taff CF44 9RB Azets Audit Services TyDe Lime Tree Court C3rdiff Gate Business Park Cardiff CF23 8AB Dear Sirs The following representations are made on the basis o- enquiries of management and staff with relevant knowledge and experience Such as we consider netessary in cOnnectn wtth YOUT indepernlent examination of the charitable companvs financial statements forthe year ended 31 March 2026. These enquiries have inclLKled inspection of supporting documentation where appropriate and are suffKient to tISfy ourselves that we can make each of following repre5entation All representations a made to the bèst of our knowledge and belf. General l. We acknowledge that the work perf0md byyou is subStsntial less in scope than an alIt perfomed in accordance wtth Intemational Stsndards on Auditing IUKI and that you do not express an audit opinion. 2. We confirm that the charitable company qualifie5 a5 small in accordan vith the conditions set out in chapter l of part 15 of the Companies Act 2C£6. 3. We confirm that the charitable company was entttlec to exemption under section 144 of the Chorities Act 2011 the requirement to have its financial statements for the financial year ended 31 March 2024 audited. We also confirm that the members have not required the company to obtain ar audit of its financial ststements for the financial year in accordan with section 476 ofthe Compan$ Act 2(. 4. We have fulfilled our resFK)nsibili(ies as directors l trLStees ès set out in the terms of your engagement letterdated 29 Octobei 2024 under the Companies Art 2C I CharitPs Act 2011 for preparing finanoal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). for being satisfied that they give a Irue and fair view aNJ for making accurate representations to you. 5. All the transactions undertaken by the Charitab company have been properly reflected and rded in the accounting records. 6. All the accounting record5 have been made available to you for the purp)se of your independent examination. We have provided you with unrestricted access lo all appropriaie persons within the charitable company, and with all other record5 and related information requested, including minutesof all mana8ement and trustee meetin85 and correspondence with The Charity Commission. 7. The financial statements a free of material misstatements. including omis5?n5. 8. The effects of uncorrected misstètements lof whKh the a none) are immaterial b)th Individual and in total. Assets and liabilitie5 9. The charitable company has satisfartory title to all assets and there are no liens or encumbranceson the charitable companls assets. except for those that are disc105ed in the notes to the financial ststements. 10. All actual liabilit5. contingeni liabilriies and guarnntees8Nen to third partie5 have been rded or disclosed as appropriate. 11. We have no plan5 or intentions that may materia ty alier carrying value and, where relevant, the fairvalue measurements or cla55ifiotion of assets and liabilities reflecled in the financial statements. Accounting estlmates 12. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures. are appropriate to achieve recc8nition, measuremen-. and discbsure that is reasonable in the context of the applicable financial reporting framework.
Loans and arrangernents 13. The charitable compary ha5 not granted any advanty or credrtsto, or made guarantees on behalf of, directors other than those disclosed in the financial statements. Legal claim5 14. We have disclosed to you all daims in cOn10n with litigation that have been, orare expected to be, receNed and sud) matters, as appropriate, have been propertyaccounted for and disck)5ed in the financk41 statements. Laws and regulations 15. We have disclosed to you all known instances of non<0mplian or suspected cOMpli0nce with laws and regulations whose effects should be tonsidered when preparin8 the financk?I ststements. Related partles 16. Related party relationships and transactions have been appropriatety accounted for and disclosed in the financial Statements. We have disclosed to you all relevant inf0m1atn conceming such relationships and transartions ar)d are not aware of any other matters which require disclosure in order to compty wtth legistative and accountirE standards requirements. Subsequent events All pvenis iubsewent to the date of the financial ststements whh require ajjusiment or disdosure have been proper aecounted for and disclosed. Going concern 18. We believe that the charttable companrfs financ1 staternents Suld be prepared on a going conrn basis on the grounds that current and future sources of funding or SUPPDrt will be rYv)re than adequate for the charf(able companls needs. We have considered a period of tWee months from the date of approval of the financial statements. We believe that no further disclosvres relating to the charitable CoMpanS abilty to continue as a going concem need to be made in the financtal ststements. Grant5 and donations 19. grants, donations and other income. the receipt of which is subiert to specrftctems or coTrJitions, have been notified to you. There have been no breaches of tem)s or condttions in the applatn of such income. Restricted grants and Ilonations are as noted in the financlal ststements Yours faithfully ..si¢eLi cn Lhtsi'Ot the board of trustees Date