**REGISTERED CHARITY NUMBER: 1188462**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
Arthur Gait & Company Limited Chartered Certified Accountants 18 Gold Tops Newport NP20 5WJ
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|22|
|**Detailed Statement of Financial Activities**|23|to|24|
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The purposes of the charity as set out in its governing document are:
- to promote the benefits of those people now residing in Newport who were born in the Yemen or are descendants of people born in the Yemen without distinction of sex, political or religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort, by the advancement of education, the protection of health and the relief of poverty, sickness and distress, and the provision of facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants; - to relieve poverty, sickness and distress by the provision of a welfare rights advice centre; - to work towards the elimination of racial discrimination.
## **Significant activities**
The charity exists to help and support people who hail from a BAME background, as well as community members from all backgrounds, by providing educational, support and recreational services and events. The charity supports community members with services, and acts as a link between the community and various service providers. The charity also cares for those within its community suffering from sickness, poverty, mental health, or distress and organises activities to promote community cohesion. The charity provides GCSE revision sessions, sports activities, educational trips, family trips and offers one-to-one support for children, young people, families, elderly and single parents that need an extra helping hand, especially post Covid. The charity is aiming to raise the profile of the Yemeni community as a vibrant, cohesive community contributing positively to the social, economic, and cultural life of the city.
The charity supports people from all backgrounds and faiths, but predominantly BAME children, young people, older people, families, single mums/dads, asylum seekers, refugees, and any vulnerable community members who need its support in this current situation. The charity has a dedicated Community Development Officer who offers advocacy services for all members of the community that need it. The charity works in partnership with the Office of the Police and Crime Commissioner for Gwent to deliver its Youth Empowerment Programme that offers tailored experiences and opportunities for the youth in the community, and steers them away from crime or antisocial behaviour. The charity delivers sports sessions specifically on Saturday nights as this is the time young people are more likely to be looking for ways to pass their time. Through sports, the charity engages with them and gives them a safe space where they can spend their weekend evenings.
## **Public benefit**
The trustees have complied with their duty to have due regard to the Charity Commission's guidance on public benefit.
## **Volunteers**
The trustees would like to thank the charity's volunteers and partners, as the charity's work cannot be done without them.
Page 1
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
## **Improving Community Health and Wellbeing**
At NYCA, we are deeply committed to improving the health and wellbeing of the communities we serve. This year has been pivotal for our organisation, marked by significant achievements and impactful charitable activities. Below are some key highlights:
## **Securing the NYCA Cultural Hub Building**
One of our most notable accomplishments this year has been the successful acquisition of the NYCA Cultural Hub. This building represents a cornerstone of our mission to provide a safe, welcoming, and vibrant space for the community to gather, learn, and grow. Securing this hub has been a crucial step in establishing a permanent base for our community-centred programs and initiatives.
## **Raising Funds for Refurbishment**
Following the acquisition of the NYCA Cultural Hub, we launched an ambitious fundraising campaign to refurbish the building. Thanks to the incredible support from our volunteers, partners, and donors, we have been able to raise substantial funds. These funds are now being used to transform the hub into a state-of-the-art facility equipped to host a wide range of activities aimed at improving community health and wellbeing.
## **Impactful Community Programs**
Throughout the year, we have continued to deliver a diverse array of programs designed to meet the unique needs of our community members. These include:
- Youth Empowerment through Sport: Providing football training for young people twice a week, fostering teamwork, discipline, and a sense of belonging, with the ultimate goal of forming a competitive football team by next year. - Mentoring and Educational Support: Supporting children and young people through our Key Stage 2 & 3 Mentoring Project and Supplementary School programs, which focus on academic performance, language skills, and personal development.
- Community Events: Hosting events like the Celtic Manor Festive Experience in Pill, where over 900 children had the opportunity to meet Santa and receive gifts, spreading joy and togetherness during the holiday season.
- Health and Fitness Programs: Organising initiatives such as over-40s football to promote physical activity and mental wellbeing among older adults.
## **Building Partnerships**
This year, we have also strengthened partnerships with organisations such as Business in the Community, Celtic Collection Group, OVO Energy, NCH, Newport City Council, Gwent Police and Pobl, enabling us to expand our impact. These collaborations have been instrumental in providing resources and opportunities that benefit the entire community.
## **Looking Ahead**
As we reflect on these achievements, we remain steadfast in our commitment to addressing the evolving needs of our community. The NYCA Cultural Hub will serve as a foundation for future initiatives aimed at enhancing health and wellbeing, reducing inequalities, and fostering a stronger, more connected community.
We are incredibly proud of what we have achieved together this year and are excited for the opportunities that lie ahead as we continue to grow and serve.
Page 2
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **FINANCIAL REVIEW**
## **Financial position**
The Statement of Financial Activities on page 5 shows that during this fourth period of financial activity the charity's income totalled £356,462, of which £293,946 was restricted. The majority of this income was in the form of grants, including funding from The National Lottery Community Fund amounting to £99,999 which supports the charity's refurbishment of the NYCA Community Facility at 4a Temple Street, Newport to make it fit for community use.
In addition to the refurbishment costs of the NYCA Community Facility and equipment amounting to £221,858, during the year the charity incurred other expenditure totalling £120,517, of which £93,502 was restricted. The charity's net income for the year totalled £235,945, of which £200,444 was restricted..
The Balance Sheet on page 6 shows that at 31st March 2024 the charity had funds totalling £663,882, of which £113,509 were restricted. These funds are represented by the net book value of the NYCA Community Facility and computer equipment amounting to £468,205, funds held in the charity's bank account amounting to £197,622 and creditors amounting to £1,945.
## **Reserves policy**
Reserves are that part of the charity’s unrestricted funds that are freely available to spend on any of the charity’s purposes. These reserves are calculated by deducting from total funds, restricted funds and unrestricted funds representing tangible fixed assets used to carry out the charity’s activities.
The trustees aim to maintain free reserves in unrestricted funds to bridge the gap between the spending and receiving of resources and to cover any unforeseen expenditure. The trustees consider that moving forward the ideal level of free reserves would be approximately £12,000.
At 31st March 2024, free reserves in unrestricted funds amounted to £82,168.
## **Going 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. There are no material uncertainties about its ability to continue as a going concern and therefore the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
Newport Yemeni Community Association is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England and Wales on 10th March 2020. The charity was formed under a constitution which established its objects and powers. Under the terms of the constitution the trustees have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
## **Recruitment and appointment of new trustees**
Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1188462
## **Principal address**
11 Wallis Street Newport NP20 2DH
## **Trustees**
R. Al-Haddi R. Mohamed M. Quassim S. Najy
Page 3
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Mahin Khawaja FCCA Arthur Gait & Company Limited Chartered Certified Accountants 18 Gold Tops Newport NP20 5WJ
Approved by order of the board of trustees on 28 January 2025 and signed on its behalf by:
R. Al-Haddi - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **Independent examiner's report to the trustees of Newport Yemeni Community Association**
I report to the charity trustees on my examination of the accounts of Newport Yemeni Community Association (the Trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mahin Khawaja FCCA
Arthur Gait & Company Limited Chartered Certified Accountants 18 Gold Tops Newport NP20 5WJ
30 January 2025
Page 5
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
62,516
Other trading activities
4
-
**Total**
62,516
**EXPENDITURE ON**
**Charitable activities**
5
Food packages and community support activities
21,769
Sports activities
407
Educational activities
1,391
Festivals, day trips and events
3,448
**Total**
27,015
**NET INCOME**
35,501
**Transfers between funds**
13
467,224
**Net movement in funds**
502,725
**RECONCILIATION OF FUNDS**
Total funds brought forward
47,646
**TOTAL FUNDS CARRIED FORWARD**
550,371|Restricted
funds
£
293,946
-
293,946
31,246
50,818
1,983
9,455
93,502
200,444
(467,224)
(266,780)
380,291
113,511|2024
Total
funds
£
356,462
-
356,462
53,015
51,225
3,374
12,903
120,517
235,945
-
235,945
427,937
663,882|2023
Total
funds
£
459,697
1,159|
|---|---|---|---|
||||460,856|
||||43,539
22,020
330
15,964|
||||81,853|
||||379,003
-|
||||379,003
48,934|
||||427,937|
The notes form part of these financial statements
Page 6
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **BALANCE SHEET 31 MARCH 2024**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
468,205
84,006
(1,838)
82,168
550,373
550,373|Restricted
funds
£
-
113,616
(107)
113,509
113,509
113,509|2024
Total
funds
£
468,205
197,622
(1,945)
195,677
663,882
663,882
550,373
113,509
663,882|2023
Total
funds
£
255,194
174,093
(1,350)
172,743
427,937
427,937
47,646
380,291
427,937|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2025 and were signed on its behalf by:
R. Al-Haddi - Trustee
The notes form part of these financial statements
Page 7
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. CHARITY INFORMATION**
Newport Yemeni Community Association is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England and Wales.
The charity's registered address is:
11 Wallis Street Newport NP20 2DH
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
## **Going concern**
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. There are no material uncertainties about its ability to continue as a going concern and therefore the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The following specific policies apply to categories of income:
## Donations and legacies
Donations and legacies income includes donations, gifts and grants that provide core funding or are of a general nature and is recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
## Income from other trading activities
Income from other trading activities includes income received from fundraising events and is recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
continued...
Page 8
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **2. ACCOUNTING POLICIES - continued**
## **Allocation and apportionment of costs**
Support costs are those costs which do not relate directly to a single activity and do not themselves produce or constitute the output of the charitable activity. These costs include those related to finance, information technology, human resources, governance and other expenses.
Human resources costs are apportioned to charitable activities on the basis of the estimated time spent on each activity.
## **Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is charged so as to write off the cost of the assets less their residual value over their estimated useful lives on the following bases:.
Freehold property 2% on cost Freehold property improvements 2% on cost Café equipment 25% on cost Sports equipment 25% on cost Sewing equipment 25% on cost Computer equipment 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Financial instruments**
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at the present value of future cash flows (amortised cost). Financial assets held at amortised cost comprise cash at bank and in hand. Financial liabilities held at amortised cost comprise the charity’s short term creditors excluding taxation payable. No discounting has been applied to these financial instruments on the basis that the periods over which amounts will be settled are such that any discounting would be immaterial.
continued...
Page 9
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **3. DONATIONS AND LEGACIES**
|Donations
Grants
Grants received, included in the above, are as follows:
Police and Crime Commissioner Police Community Fund
Wales Council for Voluntary Action Third Sector Resilience Fund Phase 3
The National Lottery Community Fund
GAVO/Newport City Council Warm Spaces Grant
Welsh Government Community Facilities Programme
GAVO/Newport City Council Community Food Revenue Grant
Pobl Community Chest
The Moondance Foundation
Wales Council for Voluntary Action Landfill Fund
Community Foundation Wales
St. James's Place Charitable Foundation
People's Health Trust
Lloyds Bank Foundation for England and Wales
National Grid Community Matters Fund
Newport City Council Welsh Church Fund
The Foyle Foundation
Wales Council for Voluntary Action - Volunteer Coordinator
The Cloth Workers Foundation
**4.**
**OTHER TRADING ACTIVITIES**
Fundraising events
**5.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Food packages and community support
activities
9,063
Sports activities
14,473
Educational activities
3,374
Festivals, day trips and events
12,903
39,813|2024
£
37,519
318,943
356,462
2024
£
39,490
-
99,999
2,670
-
-
-
-
39,571
17,000
5,000
11,355
25,000
9,812
6,000
10,000
23,046
30,000
318,943
2024
£
-
Support
costs (see
note 6)
£
43,952
36,752
-
-
80,704|2023
£
4,471
455,226|
|---|---|---|
|||459,697|
|||2023
£
43,070
42,093
8,000
2,000
250,000
4,400
1,000
95,000
9,663
-
-
-
-
-
-
-
-
-|
|||455,226|
|||2023
£
1,159
Totals
£
53,015
51,225
3,374
12,903|
|||120,517|
continued...
Page 10
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**|||||
|---|---|---|---|---|
||||Information|Human|
|||Finance|technology|resources|
|||£|£|£|
|Food packages and community support|||||
|activities||2,345|261|30,694|
|Sports activities||-|-|36,752|
|||2,345|261|67,446|
||||Governance||
|||Other|costs|Totals|
|||£|£|£|
|Food packages and community support|||||
|activities||10,157|495|43,952|
|Sports activities||-|-|36,752|
|||10,157|495|80,704|
|Support costs, included in the above, are as follows:|||||
||||2024|2023|
||Food||||
||packages||||
||and||||
||community||||
||support|Sports|Total|Total|
||activities|activities|activities|activities|
||£|£|£|£|
|Sum-up payment processing|353|-|353|-|
|Payroll processing|792|-|792|582|
|Accountancy|1,200|-|1,200|900|
|Broadband and website|261|-|261|-|
|Wages|21,145|36,383|57,528|38,291|
|Pensions|292|369|661|487|
|Consultancy|9,257|-|9,257|9,420|
|DBS checks|-|-|-|439|
|Insurance|1,753|-|1,753|243|
|Fundraising|138|-|138|-|
|Sundries|283|-|283|-|
|Advertising and promotions|337|-|337|1,079|
|Cleaning and maintenance|574|-|574|-|
|Depreciation of tangible fixed assets|7,072|-|7,072|-|
|Independent examiner's fee|495|-|495|450|
||43,952|36,752|80,704|51,891|
continued...
Page 11
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **8. STAFF COSTS**
|Wages and salaries
Other pension costs|2024
2023
£
£
57,528
38,291
661
487
58,189
38,778|
|---|---|
The average monthly number of employees during the year was as follows:
|Community Development Officer
Admin Officer
Sports Youth Workers|2024
1
1
7
9|2023
1
1
3|
|---|---|---|
|||5|
No employees received emoluments in excess of £60,000.
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,840
Other trading activities
1,159
**Total**
3,999
**EXPENDITURE ON**
**Charitable activities**
Food packages and community support
activities
541
Sports activities
-
Educational activities
-
Festivals, day trips and events
-
**Total**
541
**NET INCOME**
3,458
**Transfers between funds**
30,530
**Net movement in funds**
33,988|Restricted
funds
£
456,857
-
456,857
42,998
22,020
330
15,964
81,312
375,545
(30,530)
345,015|Total
funds
£
459,697
1,159|
|---|---|---|
|||460,856|
|||43,539
22,020
330
15,964|
|||81,853|
|||379,003
-|
|||379,003|
continued...
Page 12
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**RECONCILIATION OF FUNDS**
Total funds brought forward
13,658
35,276
**TOTAL FUNDS CARRIED FORWARD**
47,646
380,291
**10.**
**INDEPENDENT EXAMINER'S REMUNERATION**|Total
funds
£
48,934|
|---|---|
||427,937|
|||
The amount of remuneration receivable by the charity's independent examiner was as follows:
|**11.**||2024|2023|
|---|---|---|---|
|||£|£|
|||||
||Independent examination of the charity's financial statements|495|450|
||Payroll processing|792|582|
||Accountancy|1,200|900|
|||||
||**TANGIBLE FIXED ASSETS**|||
|**COST**
At 1 April 2023
Additions
At 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Freehold
Freehold
property
property
improvements
£
£
251,130
-
-
204,940
251,130
204,940
-
-
5,023
2,049
5,023
2,049
246,107
202,891
251,130
-|Café
equipment
£
-
9,323
9,323
-
194
194
9,129
-|
|---|---|---|
continued...
Page 13
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **11. TANGIBLE FIXED ASSETS - continued**
|**TANGIBLE FIXED ASSETS - continued**|||
|---|---|---|
|Sports
Sewing
equipment
equipment
£
£
**COST**
At 1 April 2023
-
-
Additions
6,512
1,083
At 31 March 2024
6,512
1,083
**DEPRECIATION**
At 1 April 2023
-
-
Charge for year
407
23
At 31 March 2024
407
23
**NET BOOK VALUE**
At 31 March 2024
6,105
1,060
At 31 March 2023
-
-
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors|Computer
equipment
£
4,605
-
4,605
541
1,151
1,692
2,913
4,064
2024
£
1,945|Totals
£
255,735
221,858|
|||477,593|
|||541
8,847|
|||9,388|
|||468,205|
|||255,194|
|||2023
£
1,350|
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
continued...
Page 14
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Fixed asset reserve
Lloyds Bank Foundation for England and
Wales fund
**Restricted funds**
Community Facility Fund
Police and Crime Commissioner Police
Community Fund
GAVO/Newport City Council Warm
Spaces Grant
Welsh Government Community Facilities
Programme
GAVO/Newport City Council Community
Food Revenue Grant
Pobl Community Chest
The Moondance Foundation
Wales Council for Voluntary Action
Landfill Fund
Pobl
Linc Cymru
The National Lottery Community Fund
Community Foundation Wales
St. James's Place Charitable Foundation
People's Health Trust
National Grid Community Matters Fund
Newport City Council Welsh Church Fund
The Foyle Foundation
Wales Council for Voluntary Action -
Volunteer Coordinator
The Cloth Workers Foundation
**TOTAL FUNDS**|At 1.4.23
£
47,646
-
-
47,646
19,200
3,798
-
250,000
-
1,000
95,000
9,663
1,130
500
-
-
-
-
-
-
-
-
-
380,291
427,937|Net
movement
in funds
£
24,000
(8,847)
20,350
35,503
-
(1,686)
2,670
-
(2,903)
-
-
33,206
-
(476)
99,999
5,213
4,851
2,699
5,290
5,898
10,000
5,681
30,000
200,442
235,945|Transfers
between
funds
£
(9,828)
477,052
-
467,224
(1,130)
(291)
-
(250,000)
2,903
(1,000)
(74,117)
(1,083)
(1,130)
-
(99,900)
-
(4,851)
-
-
(5,898)
(10,000)
(727)
(20,000)
(467,224)
-|At
31.3.24
£
61,818
468,205
20,350|
|---|---|---|---|---|
|||||550,373
18,070
1,821
2,670
-
-
-
20,883
41,786
-
24
99
5,213
-
2,699
5,290
-
-
4,954
10,000|
|||||113,509|
|||||663,882|
continued...
Page 15
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Fixed asset reserve
Lloyds Bank Foundation for England and
Wales fund
**Restricted funds**
Police and Crime Commissioner Police
Community Fund
GAVO/Newport City Council Warm
Spaces Grant
GAVO/Newport City Council Community
Food Revenue Grant
Wales Council for Voluntary Action
Landfill Fund
Linc Cymru
The National Lottery Community Fund
Community Foundation Wales
St. James's Place Charitable Foundation
People's Health Trust
National Grid Community Matters Fund
Newport City Council Welsh Church Fund
The Foyle Foundation
Wales Council for Voluntary Action -
Volunteer Coordinator
The Cloth Workers Foundation
**TOTAL FUNDS**|Incoming
resources
£
37,516
-
25,000
62,516
39,490
2,670
-
39,572
-
99,999
17,001
5,000
11,355
9,812
6,000
10,000
23,047
30,000
293,946
356,462|Resources
Movement
expended
in funds
£
£
(13,516)
24,000
(8,847)
(8,847)
(4,650)
20,350
(27,013)
35,503
(41,176)
(1,686)
-
2,670
(2,903)
(2,903)
(6,366)
33,206
(476)
(476)
-
99,999
(11,788)
5,213
(149)
4,851
(8,656)
2,699
(4,522)
5,290
(102)
5,898
-
10,000
(17,366)
5,681
-
30,000
(93,504)
200,442
(120,517)
235,945|
|---|---|---|
continued...
Page 16
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Newport City Council - food packages
Community Foundation Wales - Wales
Coronavirus Resilience Fund
Community Facility Fund
GAVO homework provision
Tesco Bags of Help - Saturday night
football
Community Foundation Wales - The
Provident Social Impact Fund
Community Foundation Wales - facility
hire
Police and Crime Commissioner Police
Community Fund
Wales Council for Voluntary Action Third
Sector Resilience Fund Phase 3
The National Lottery
GAVO/Newport City Council Warm
Spaces Grant
Welsh Government Community Facilities
Programme
GAVO/Newport City Council Community
Food Revenue Grant
Pobl Community Chest
The Moondance Foundation
Wales Council for Voluntary Action
Landfill Fund
Pobl
Linc Cymru
**TOTAL FUNDS**|At 1.4.22
£
13,658
6,526
546
19,200
2,087
834
4,083
2,000
-
-
-
-
-
-
-
-
-
-
-
35,276
48,934|Net
movement
in funds
£
3,458
(3,316)
-
-
(330)
-
-
-
10,057
5,269
1,497
2,000
250,000
3,075
1,000
95,000
9,663
1,130
500
375,545
379,003|Transfers
between
funds
£
30,530
(3,210)
(546)
-
(1,757)
(834)
(4,083)
(2,000)
(6,259)
(5,269)
(1,497)
(2,000)
-
(3,075)
-
-
-
-
-
(30,530)
-|At
31.3.23
£
47,646
-
-
19,200
-
-
-
-
3,798
-
-
-
250,000
-
1,000
95,000
9,663
1,130
500|
|---|---|---|---|---|
|||||380,291|
|||||427,937|
continued...
Page 17
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Newport City Council - food packages
GAVO homework provision
Police and Crime Commissioner Police
Community Fund
Wales Council for Voluntary Action Third
Sector Resilience Fund Phase 3
The National Lottery
GAVO/Newport City Council Warm
Spaces Grant
Welsh Government Community Facilities
Programme
GAVO/Newport City Council Community
Food Revenue Grant
Pobl Community Chest
The Moondance Foundation
Wales Council for Voluntary Action
Landfill Fund
Pobl
Linc Cymru
**TOTAL FUNDS**|Incoming
resources
£
3,999
-
-
43,071
42,093
8,000
2,000
250,000
4,400
1,000
95,000
9,663
1,130
500
456,857
460,856|Resources
Movement
expended
in funds
£
£
(541)
3,458
(3,316)
(3,316)
(330)
(330)
(33,014)
10,057
(36,824)
5,269
(6,503)
1,497
-
2,000
-
250,000
(1,325)
3,075
-
1,000
-
95,000
-
9,663
-
1,130
-
500
(81,312)
375,545
(81,853)
379,003|
|---|---|---|
continued...
Page 18
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Fixed asset reserve
Lloyds Bank Foundation for England and
Wales fund
**Restricted funds**
Newport City Council - food packages
Community Foundation Wales - Wales
Coronavirus Resilience Fund
Community Facility Fund
GAVO homework provision
Tesco Bags of Help - Saturday night
football
Community Foundation Wales - The
Provident Social Impact Fund
Community Foundation Wales - facility
hire
Police and Crime Commissioner Police
Community Fund
Wales Council for Voluntary Action Third
Sector Resilience Fund Phase 3
The National Lottery
GAVO/Newport City Council Warm
Spaces Grant
Welsh Government Community Facilities
Programme
GAVO/Newport City Council Community
Food Revenue Grant
Pobl Community Chest
The Moondance Foundation
Wales Council for Voluntary Action
Landfill Fund
Pobl
Linc Cymru
The National Lottery Community Fund
Community Foundation Wales
St. James's Place Charitable Foundation
People's Health Trust
National Grid Community Matters Fund
Newport City Council Welsh Church Fund
The Foyle Foundation
Wales Council for Voluntary Action -
Volunteer Coordinator
The Cloth Workers Foundation
**TOTAL FUNDS**|At 1.4.22
£
13,658
-
-
13,658
6,526
546
19,200
2,087
834
4,083
2,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
35,276
48,934|Net
movement
in funds
£
27,458
(8,847)
20,350
38,961
(3,316)
-
-
(330)
-
-
-
8,371
5,269
1,497
4,670
250,000
172
1,000
95,000
42,869
1,130
24
99,999
5,213
4,851
2,699
5,290
5,898
10,000
5,681
30,000
575,987
614,948|Transfers
between
funds
£
20,702
477,052
-
497,754
(3,210)
(546)
(1,130)
(1,757)
(834)
(4,083)
(2,000)
(6,550)
(5,269)
(1,497)
(2,000)
(250,000)
(172)
(1,000)
(74,117)
(1,083)
(1,130)
-
(99,900)
-
(4,851)
-
-
(5,898)
(10,000)
(727)
(20,000)
(497,754)
-|At
31.3.24
£
61,818
468,205
20,350|
|---|---|---|---|---|
|||||550,373
-
-
18,070
-
-
-
-
1,821
-
-
2,670
-
-
-
20,883
41,786
-
24
99
5,213
-
2,699
5,290
-
-
4,954
10,000|
|||||113,509|
|||||663,882|
continued...
Page 19
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Fixed asset reserve
Lloyds Bank Foundation for England and
Wales fund
**Restricted funds**
Newport City Council - food packages
GAVO homework provision
Police and Crime Commissioner Police
Community Fund
Wales Council for Voluntary Action Third
Sector Resilience Fund Phase 3
The National Lottery
GAVO/Newport City Council Warm
Spaces Grant
Welsh Government Community Facilities
Programme
GAVO/Newport City Council Community
Food Revenue Grant
Pobl Community Chest
The Moondance Foundation
Wales Council for Voluntary Action
Landfill Fund
Pobl
Linc Cymru
The National Lottery Community Fund
Community Foundation Wales
St. James's Place Charitable Foundation
People's Health Trust
National Grid Community Matters Fund
Newport City Council Welsh Church Fund
The Foyle Foundation
Wales Council for Voluntary Action -
Volunteer Coordinator
The Cloth Workers Foundation
**TOTAL FUNDS**|Incoming
resources
£
41,515
-
25,000
66,515
-
-
82,561
42,093
8,000
4,670
250,000
4,400
1,000
95,000
49,235
1,130
500
99,999
17,001
5,000
11,355
9,812
6,000
10,000
23,047
30,000
750,803
817,318|Resources
Movement
expended
in funds
£
£
(14,057)
27,458
(8,847)
(8,847)
(4,650)
20,350
(27,554)
38,961
(3,316)
(3,316)
(330)
(330)
(74,190)
8,371
(36,824)
5,269
(6,503)
1,497
-
4,670
-
250,000
(4,228)
172
-
1,000
-
95,000
(6,366)
42,869
-
1,130
(476)
24
-
99,999
(11,788)
5,213
(149)
4,851
(8,656)
2,699
(4,522)
5,290
(102)
5,898
-
10,000
(17,366)
5,681
-
30,000
(174,816)
575,987
(202,370)
614,948|
|---|---|---|
The General fund is unrestricted and can be used in accordance with the charitable objectives at the discretion of the trustees.
The Fixed asset reserve fund is unrestricted, designated by the trustees to cover future depreciation charges on the charity's tangible fixed assets.
The Lloyds Bank Foundation for England and Wales fund is unrestricted.
continued...
Page 20
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
The Community Foundation Wales - Wales Coronavirus Resilience Fund is restricted to supporting the provision of leaflets, activity packs and food packages.
The Community Foundation Wales Provident Social Impact Fund and the GAVO homework provision fund are restricted to supporting the provision of a homework and student catch-up scheme.
The Community Facility Fund is restricted to supporting the refurbishment of the NYCA Community Hub.
The National Lottery Community Fund and the Foyle Foundation Fund are restricted to supporting the refurbishment of the NYCA Community Facility at 4a Temple Street, Newport
The Tesco Bags of Help Fund is restricted to supporting the delivery of a Saturday night football club.
The Police and Crime Commissioner Police Community Fund is restricted to supporting the delivery of the NYCA Youth Empowerment Project which includes the employment of Sports Youth Workers, the purchase of sports and IT equipment, the hire of sports facilities, the provision of training and various events.
The Welsh Government Community Facilities Programme fund is restricted to supporting the purchase of the NYCA Community Facility at 4a Temple Street, Newport and the refurbishment of the building to make it fit for community use.
The Pobl Community Chest fund is restricted to supporting the over 40's and seniors football sessions.
The GAVO/Newport City Council Warm Spaces Grant fund is restricted to supporting the delivery of warm spaces where people can go to keep warm during the Winter.
The GAVO/Newport City Council Community Food Revenue Grant fund and the Newport City Council food packages fund are restricted to supporting the delivery of a community food bank.
The Wales Council for Voluntary Action Third Sector Resilience Fund Phase 3 is restricted to supporting the employment of a Community Development Worker, and Admin Officer, the purchase of office and IT equipment, the development of a fundraising strategy, a monitoring and evaluation plan and to cover various operating costs.
The Moondance Foundation fund is restricted to supporting the refurbishment of the NYCA Community Hub .
The Wales Council for Voluntary Action Landfill Fund is restricted to supporting the employment of a Project Lead Worker, an Admin Officer. The purpose of fund is to encourage environmental enhancement through initiatives to improve waste minimisation, create and enhance community green spaces as well as creating a repair café to encourage recovery and recycling .
The Linc Cymru fund was restricted to supporting the Welsh Yemeni Festival.
The St. James's Place Charitable Foundation fund was restricted to supporting the Youth Club equipment, i.e. pool tables, football table, table tennis etc.
The People's Health Trust fund is restricted to supporting the employment of a Community Development Manager, and Admin Officer. This is a community focused project designed to encourage community development through structured programs, that will enhance wellbeing and build life skills and encourage positive behaviour. The fund covers essential resource such as laptop, venue hire.
The National Grid Community Matters fund was restricted to supporting community sports activities to improve mental and physical wellbeing, i.e. swimming, yoga, exercise classes and educating volunteers, by providing training.
The Newport City Council Welsh Church Fund is restricted to supporting the refurbishment of the NYCA Community Hub.
continued...
Page 21
**NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
The Wales Council for Voluntary Action - Volunteer Coordinator fund is a restricted fund designed to enhance and transform the volunteers experience at NYCA, by strengthening the volunteer program and developing a comprehensive volunteering policy and creating opportunities for individuals to contribute to their community. This funds a volunteer coordinator and admin officer. The project focuses on celebrating and recognising the value and the volunteers while offering training and development opportunities..
The Cloth Workers Foundation fund is restricted to supporting the refurbishment of the NYCA Community Hub.
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 22
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Fundraising events
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Motor fuel
Stationery
Eid party
Community support
Food packages
Young people's day trips
Yemeni Welsh Festival
Equipment
Training
Tutors
Vehicle hire
Youth club hall hire
Pitch hire
Swimming pool hire
Meals and subsistence
Volunteer and co-ordinator expenses
Depreciation of café equipment
Depreciation of sports equipment
Depreciation of sewing equipment
Depreciation of computer equipment
**Support costs**
**Finance**
Sum-up payment processing
Payroll processing
Accountancy
**Information technology**
Broadband and website|2024
£
37,519
318,943
356,462
-
356,462
291
86
1,491
462
3,253
1,955
9,795
3,599
2,035
-
1,326
10,750
64
1,279
1,034
618
194
407
23
1,151
39,813
353
792
1,200
2,345
261|2023
£
4,471
455,226|
|---|---|---|
|||459,697
1,159|
|||460,856
509
51
629
139
4,641
1,734
8,927
864
2,115
330
2,945
6,350
-
-
90
97
-
-
-
541|
|||29,962
-
582
900|
|||1,482
-|
This page does not form part of the statutory financial statements
Page 23
## **NEWPORT YEMENI COMMUNITY ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 MARCH 2024**|||
|---|---|---|
|**Information technology**
**Human resources**
Wages
Pensions
Consultancy
DBS checks
**Other**
Insurance
Fundraising
Sundries
Advertising and promotions
Cleaning and maintenance
Depreciation of freehold property
Depreciation of freehold property
improvements
**Governance costs**
Independent examiner's fee
Total resources expended
**Net income**|2024
£
57,528
661
9,257
-
67,446
1,753
138
283
337
574
5,023
2,049
10,157
495
120,517
235,945|2023
£
38,291
487
9,420
439|
|||48,637
243
-
-
1,079
-
-
-|
|||1,322
450|
|||81,853|
|||379,003|
This page does not form part of the statutory financial statements
Page 24