CHARITY REGISTRATION NUMBER: 1189150
Mixtup Unaudited Financial Statements 31 March 2024 Mixtup Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees |
11 |
| Statement of financial activities | 12 |
| Statement of financial position | 13 |
| Notes to the financial statements | 14 |
| Mixtup | |
| Trustees' Annual Report |
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Chair's report
Executive Summary
This year Mixtup has continued to grow and thrive; we have had more regular sessions and have been able to increase support and opportunities in all areas of our provision.
Mixtup is a youth project for young people aged 11-25 with mixed abilities, including a range of impairments and conditions. High levels of social and general anxiety are common.
We have continued to operate two age groups for our members, (11-18 and 16-25) but we include some shared sessions and most of our trips allow the young people from across the age groups to meet up and spend time with each other.
Our main operations and delivery are funded through Children in Need and The National Lottery and these have allowed us to provide regular youth club sessions and our ‘Chill & Chat’ wellbeing sessions. Additional important grants meant that we could continue sessions such as ‘Table Top Adventures’, where members meet to play tabletop role playing games such as Dungeons and Dragons.
We also offer lots of trips and activities, especially during the summer break when our members are most at risk of social isolation. The increased costs of living mean that it feels even more important for us to ensure that the young people that we work with- already at risk of exclusion - are able to participate in a range of activities and experiences, and we cover costs wherever possible. Additional grants and great relationships with other organisations has meant that we have been able to offer a a wide range of opportunities this year, including a number of exciting activities that young people might not have been able to do otherwise due to restricted funds, independence, accessibility and confidence.
Supporting the mental health and wellbeing of our members has become a growing priority and we are
always working toward finding the best possible ways to do this.
Our membership has grown and we continue to have waiting lists for each age group. We always look forward to bringing more young people with mixed abilities into our fold.
Our Young People’s Committee remained active and central to the planning and decision making within Mixtup. They, alongside Trustees and staff have worked incredibly hard to make sure that we get things right. They have great ambitions for MIxtup and some of them would like to run the whole project in the future.
Feedback from the young people that attend Mixtup and from their families has been overwhelmingly positive, and it is through word of mouth that enquiries about joining our project continue to grow. They are all keen for us to continue to become even better!
We remain incredibly proud of our project and of how everyone – trustees, staff, volunteers, and especially the young people have continued to pull together and make Mixtup the brilliant, welcoming, exciting and safe place that it is.
Alexandra Atkins (Chair of Trustees)
On behalf of the Mixtup Board of Trustees and Young People's Committee
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
Reference and administrative details
Registered charity name Mixtup Charity registration number 1189150 Principal office 11 St. Helen's Road
Swansea SA1 4AB
The trustees
| The trustees | ||
|---|---|---|
| Miss M Novak | ||
| A H Atkins | ||
| D Stallard | ||
| J Thomas | (Resigned 22 April 2024) | |
| J R Rosenthal |
Independent examiner Carl West ACA 144 Walter Road Swansea SA1 5RW Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
Structure, governance and management
Background
Mixtup was first established in 2011, and became a registered charity (CIO) on the 21st April 2020 (Charity no. 1189150).
Trustees
Mixtup has seven established trustees. These usually meet at least four times a year. During this particular year they met both formally and informally on a regular basis, and are very hands on in supporting the project management of Mixtup.
At this time our trustees were: Alexandra Atkins (Chair) Mikayla Novak (Treasurer) David Stallard John THimas Joshau Rosenthal Katherine Davies (appointed April 24) Leanne Hopkins (appointed April 24)
Sub committees
We have one sub-committee: our Young People's Committee (YPC). We believe that it is vitally important for us to hear the opinions and ideas of the young people in Mixtup to ensure that we are getting the aims and delivery of our project right.
A member of our main trustee board sits in with the YPC during meetings, and ensure that the voices of this important sub-committee are taken back to the full board of trustees and considered in all decision making.
Appointment of new trustees
Two new trustee were appointed towards the end of the reporting year (April 24).
When we recruit new trustees we follow our trustee recruitment policy and processes and appointments are agreed by formal resolution at a Trustee meeting.
In order to maintain the excellent governance of Mixtup we are careful to ensure that potential new trustees:
have a good understanding of the values and purposes of Mixtup are sympathetic to the organisation's aims and objectives
that they have the appropriate skills and experience to meet the needs of any vacancies on the board.
All newly recruited trustees are provided with our full Constitution, financial accounts and policies.
We welcome trustees from a range of backgrounds and especially those with a lived experience of having mixed abilities.
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
Project management
Day to day project management of Mixtup is undertaken by a project manager, in addition to their role as a project worker /delivery.
The project Manager ensures that Trustees are regularly informed of progress of Mixtup and that any major decisions were passed on to the board.
Staffing
Mixtup has one Project Manager, and two dedicated Youth Project Workers.
Their main duties of the project workers include the planning and delivery of sessions with young people, supporting young people and their families, identifying and signposting to appropriate support as needed, networking with similar minded organisations and promoting the work of Mixtup.
The Project Manager retained their own Youth Project Worker duties along with additional responsibilities such as overseeing day to day finances, completing grant applications and reporting, staff management and dealing with compliance and safeguarding.
Skilled and experienced sessional staff are employed to support the planning and delivery of sessions and activities in Mixtup. During this year Mixtup employed a bank of nine sessional workers.
Volunteers
The contribution of volunteers in Mixtup's delivery is valued greatly.
This year our regular volunteers continued to support the delivery of sessions and activities and trips. We recruited four new volunteers, two of whom went on to become paid sessional workers.
Policies
Policies are reviewed on a two-year cycle and any new policies written are sent to the trustees for approval.
Policies are also shared with all Mixtup staff and volunteers.
This year, Mixtup became a ‘Time To Change’ pledged organisation - ‘a public declaration that an organisation wants to step up to tackle mental health stigma and discrimination.’
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
Objectives and activities
Purpose
Mixtup provides an accessible youth club and a range of activities and trips for young people aged 11-25 with mixed abilities, in order for them to socialise, try new activities, have increased confidence and self-esteem and to have fun. We also:
provide small group and one-to one support for our members
signpost to and support young people with mixed abilities to take part in wider opportunities.
support young people with mixed abilities to develop and reach their personal aspirations and skills.
raise awareness of child and disability rights
encourage and empower young people with mixed abilities to speak out for themselves, and advocate on their behalf when needed.
Values
Mixtup is a free, beneficiary-led youth club for young people aged 11-25 with mixed abilities. We meet in an accessible venue and aim to be an inclusive, accepting and empowering organisation.
We recognise and celebrate the wide range of skills, abilities and personalities of the young people who come along. Mixtup was named by our original beneficiaries based on the idea that we are all different and can all do different things. It is an asset-based affirmation of our diversity and what we can do and not a deficit-based notion of what we cannot do.
We don’t require a formal referral from any kind of professional body (e.g. social services or medical). If Mixtup is the right place for a young person then they are right for Mixtup.
We have a waiting list but introduce new members gradually. It’s important that our space feels accessible to the young people that come along – so we ensure that sessions don’t feel too crowded, noisy or overwhelming.
We understand the different barriers that young people with mixed abilities face, and work alongside them to make sure that our youth club is always adapting to get things right for them.
We are beneficiary-led and our Young People’s Committee meets regularly. Their ideas and opinions, on behalf of all of the young people, inform decision-making within Mixtup, alongside our full Trustees. Members from this committee are involved throughout our recruitment processes. Our practice is informed by the National Participation Standards.
All young people feed into formal (once a year) and informal (on-going) consultation to provide feedback and support future planning. Young people in Mixtup have inspired and influenced all of our funding plans and applications.
We promote both the rights of all children and young people as outlined in the United Nations Convention on the Rights of the Child (UNCRC) and the rights of all disabled people as outlined in the United Nations Convention on the Rights of People with Disabilities (UNCRPD). We work within the Social Model of Disability and believe that it is our responsibility to adapt our setting and practice to
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
make it work for the young people that attend Mixtup. We are a non-judgmental organisation and do not discriminate against any young people, families, staff, volunteers or people that we work with irrespective of age, race, gender reassignment, sex, sexual orientation, disability, marital status, pregnancy/maternity and religion or belief.
Operating model
Mixtup primarily operates via project specific funding. We didn't do any direct public fundraising during this year but we did receive some small public charitable donations.
The funding bodies that supported us this year were:
Children in Need (Main Grant) National Lottery Community Fund (Medium Grant) National Lottery Community Fund (Small Grant) Postcode Community Trust Garfield Weston Foundation COAST Grant: Enabling Communities Grant Fund Holiday Food
Objectives during the year
Our main objectives this year reflected the core aims of our project with an additional emphasis on wellbeing.
For young people aged 11-25 with mixed abilities to:
have more fun try new activities have increased confidence and self esteem have reduced social isolation to have good, sustained, emotional wellbeing.
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
Achievements and performance
Achievements in numbers
We achieved our objectives through:
A positive approach which meant that sessions remained creative, fun, supportive, inclusive and considerate of the needs of our members no matter how they took place.
Continued provision of regular youth club sessions in person and occasionally via Zoom.
Regular themed wellbeing sessions 'Chill and Chat'.
Regular themed sessions such as "table Top Adventures". This had previously been a joint project with Interplay but now solely delivered by Mixtup.
A range of trips and other activities. We have formed great relationships with other local providers and work together to be able to offer all kinds of new experiences for our members.
We supported 70 young people with mixed abilities aged 11-25 in person during sessions and activities and meetings.
We also supported these 70 young people and their families remotely via meetings, phone calls, emails, private messaging and social media.
In addition we attended a variety of meetings, forums and events in which we advocated for young people with mixed abilities and broadened our understanding of other places to which we could signpost for further support.
Performance
We provided youth clubs sessions, wellbeing sessions, trips, advocacy, small group and 1:1 support throughout the whole year, both in person and online as needed.
Youth club sessions Our main activity, delivered to the two age groups. Everything that you’d expect in a youth club – pool table, board games, table tennis, craft and cooking, karaoke and snacks. We invite guests in to work with the young people as well, for example artists to help to make posters or an opera singer. It’s space, as our young people tell us, for them to ‘just be myself’ .
Chill & Chat These were our monthly wellbeing sessions. We explore wellbeing issues such as exploring anger, healthy eating, sleep issues, and the young people acted as advisors on the Mixtup ‘Problem Page’. We realised that the most important part of these sessions was just…talking. Young people shared their anxieties and realised that they weren’t alone
Table Top Adventures The young people tabletop roleplaying games - mostly play Dungeons & Dragons. There were times when this was the only activity some young people felt able to happily engage with in their life for quite long periods of time.
Film club This is a simple, relaxed, low pressure session. For some it is the only way that they get to watch a movie with others outside of their own homes.
Trips These are an important part of our delivery - young people get to try so many new things and go
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
to new places as well as sharing their local spaces with others. There are always so many positive outcomes from these - especially increased independence, confidence, deepening of friendships and lots of fun.
Young peoples's Committee Our Young People’s Committee goes from strength to strength and have been active in decision making throughout the year. They have met regularly and amongst other things they supported the delivery of a participative consultation with the wider group, represented Mixtup at events, advised on funding applications and taken part in recruitment procedures.
Other projects We regularly take part in other activities led by local providers - from music making in the YMCA or creative sessions in the museums to representing Mixtup by being interviewed for local media outlets. We have formed great relationships with a range of cultural and ethical organisations across Swansea.
Individual support There is continued demand for personal support and we provide this for young people and their parents/carers in a range of ways – e.g. 1;1 meetings, online support, writing letters, advocating for young people (e.g. in college), safeguarding referrals and signposting to specialised professional agencies as needed.
Monitoring and feedback
We use observation, participative consultation, informal discussions and surveys to monitor the performance of our organisation.
Sessions are written up and measured against our objectives. Staff are highly reflective practitioners and always look for ways to improve delivery of the project and to tailor it to support the changing needs of the young people.
We provided a formal consultation using a combination of methods – a group session using participative activities, an online survey and simple question packs with lots of photographs to help young people to remember what we had done.
We listen for informal feedback throughout the year and include this in our reflective practice and planning.
We meet with the Young People’ Committee throughout the year and include them in our decisionmaking.
Feedback from our members and their families and carers was overwhelmingly positive. We were told regularly that our provision during this time was a ‘lifeline’ for our members.
Friendships develop and/or deepen and some young people became more involved in group activities and discussions than they had been previously.
We saw new aspects of some young people as their confidence grew and they opened up moretalking, sharing ideas, singing, and really supporting each other in different ways.
Sessions were well attended and lively, and a large variety of activities took place within them.
We have continued to bring in more young people from our waiting list and receive an increasing number of membership enquiries via word of mouth recommendations from existing members and their families.
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
Financial review
Financial Management
Day to day financial management is undertaken by the Project Manager, supported and overseen by the Trustee Treasurer.
All trustees are included in any major decision-making or changes to the finances of Mixtup.
Some financial management is outsourced to professional services:
Accountants: Gordon Down Accountants Book-keeping: Small Business Services Banking: Lloyds Bank
End of Year Accounts
For the year April 2023/ March 2024:
Restricted income: £116,303
Unrestricted income: £275
Creditors: £5,042
Net income: £7,683
Total restricted funds carried forward: £60,214
Mixtup's reserves policy is to seek to establish and then maintain sufficient level of reserves to enable normal operating activities to continue over a period of up to 6 months should a shortfall in income occur and to take account of potential risks and contingencies that may arise from time to time.
Restricted costs are due to the grant income received. This primarily covers salaries, activities and agreed overheads.
Any unspent revenue is carried forward, with agreement with funders , into the next year.
Mixtup
Trustees' Annual Report (continued)
Year ended 31 March 2024
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
A H Atkins Trustee Mixtup
Independent Examiner's Report to the Trustees of Mixtup
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Mixtup ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Carl West ACA
Independent Examiner 144 Walter Road Swansea SA1 5RW Mixtup
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2024 | 2023 | 2023 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds | Total funds | Total funds | ||||||
| Note | £ | £ | £ | £ | |||||
| Income and endowments | |||||||||
| Donations and legacies |
4 | 275 | 116,303 | 116,578 | 111,832 | ||||
⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
||||||
| Total income | 275 | 116,303 | 116,578 | 111,832 | |||||
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
||||||
| Expenditure | |||||||||
| Expenditure on charitable |
5,6 | 23 | 108,872 | 108,895 | 93,056 | ||||
⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
||||||
| Total expenditure |
23 | 108,872 | 108,895 | 93,056 | |||||
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
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⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
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⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
||||||
| Net income | 252 | 7,431 | 7,683 | 18,776 | |||||
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
||||||
| Transfers between funds |
6,562 | (6,562) | – | – | |||||
⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
||||||
| Net movement in funds |
6,814 | 869 | 7,683 | 18,776 | |||||
| Reconciliation of funds | |||||||||
| Total funds brought forward |
8,452 | 59,345 | 67,797 | 49,021 | |||||
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
||||||
| Total funds carried forward |
15,266 | 60,214 | 75,480 | 67,797 | |||||
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Mixtup
Statement of Financial Position
31 March 2024
| 2024 | 2024 | 2023 | 2023 | ||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Current assets | |||||
| Cash at bank and in hand | 80,522 | 76,694 | |||
| Creditors: amounts falling due within one year |
10 | 5,042 | 8,897 | ||
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
||||
| Net current assets | 75,480 | 67,797 | |||
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
||||
| Total assets less current liabilities |
75,480 | 67,797 | |||
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
||||
| Net assets | 75,480 | 67,797 | |||
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
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| Funds of the charity | |||||
| Restricted funds | 60,214 | 59,345 | |||
| Unrestricted funds | 15,266 | 8,452 | |||
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
||||
| Total charity funds | 12 | 75,480 | 67,797 | ||
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
A H Atkins
Trustee Mixtup
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 11 St Helen's Road, Swansea, SA1 1AB.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Mixtup
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Mixtup
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted Funds |
Restricted Funds | Total Funds 2024 |
||
|---|---|---|---|---|
| £ | £ | £ | ||
| Donations | ||||
| Donations | 275 | – | 275 | |
| Mixtup |
Notes to the Financial Statements (continued)
Year ended 31 March 2024
4. Donations and legacies (continued)
| 4. Donations and lega |
4. Donations and lega |
cies (continued) | cies (continued) | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted Funds | Restricted Funds | Total Funds 2024 | |||||
| £ | £ | £ | |||||
| Grants | |||||||
| Garfield Weston | – | – | – | ||||
| Summer of Fun | – | – | – | ||||
| CIN - 2022 | – | 30,341 | 30,341 | ||||
| National Lottery - Medium |
– | 33,997 | 33,997 | ||||
| Table Top - Lottery |
– | 19,950 | 19,950 | ||||
| Youth Bank | – | – | – | ||||
| CC Swansea - Coast |
– | 7,015 | 7,015 | ||||
| Postcode Community Trust |
– | 25,000 | 25,000 | ||||
⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
|||||
| 275 | 116,303 | 116,578 | |||||
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
|||||
| Unrestricted Funds |
Restricted Funds | Total Funds 2023 |
| £ | £ | £ | ||
|---|---|---|---|---|
| Donations | ||||
| Donations | 1,190 | – | 1,190 | |
| Grants | ||||
| Garfield Weston | – | 12,500 | 12,500 | |
| Summer of Fun | – | 2,600 | 2,600 | |
| CIN - 2022 | – | 36,173 | 36,173 | |
| National Lottery - Medium |
– | 48,794 | 48,794 | |
| Table Top - Lottery |
– | 9,975 | 9,975 | |
| Youth Bank | – | 600 | 600 | |
| CC Swansea - Coast |
– | – | – | |
| Postcode Community Trust |
– | – | – | |
⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
||
| 1,190 | 110,642 | 111,832 | ||
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
5. Expenditure on charitable activities by fund type
| Unrestricted Funds |
Restricted Funds | Total Funds 2024 |
||
|---|---|---|---|---|
| £ | £ | £ | ||
| Activity type 1 | 23 | 107,329 | 107,352 | |
| Support costs | – | 1,543 | 1,543 | |
⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
||
| 23 | 108,872 | 108,895 | ||
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
||
| Unrestricted Funds |
Restricted Funds | Total Funds 2023 | ||
| £ | £ | £ | ||
| Activity type 1 | – | 90,168 | 90,168 | |
| Support costs | – | 2,888 | 2,888 | |
⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
||
| – | 93,056 | 93,056 | ||
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
||
| Mixtup |
Notes to the Financial Statements (continued)
Year ended 31 March 2024
6. Expenditure on charitable activities by activity type
| Activities undertaken |
Support costs | Total funds 2024 |
Total fund 2023 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Activity type 1 | 107,352 | – | 107,352 | 90,168 |
| Governance costs |
– | 1,543 | 1,543 | 2,888 |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
|
| 107,352 | 1,543 | 108,895 | 93,056 | |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
7. Independent examination fees
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Feespayable to the independent examiner for: | ||
| Independent examination of the financial statements |
882 | 852 |
⊆⊆⊆⊆ |
⊆⊆⊆⊆ |
8. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 64,409 | 60,508 |
| Employer contributions to pension plans |
869 | 856 |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
|
| 65,278 | 61,364 | |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
The average head count of employees during the year was 12 (2023: 9).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
10. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 2,490 | 6,911 |
| Accruals and deferred income | 882 | 852 |
| Social security and other taxes | 1,670 | 1,134 |
⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗ |
|
| 5,042 | 8,897 |
⊆⊆⊆⊆⊆⊆⊆⊆⊆⊆⊆⊆⊆⊆
11. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £869 (2023: £856).
Mixtup
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Analysis of charitable funds
Unrestricted funds
| At 1 April 2023 |
Income | Expenditure | Transfers | At 31 March 20 |
|
|---|---|---|---|---|---|
£ |
£ | £ | £ | £ |
|
| General funds | 8,452 | 275 | (23) | 6,562 | 15,266 |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆ |
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
|
| At 1 April 2022 |
Income | Expenditure | Transfers | At 31 March 202 |
|
£ |
£ | £ | £ | £ |
|
| General funds | 7,079 | 1,190 | – | 183 | 8,452 |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆ |
⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆ |
|
| Mixtup |
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Analysis of charitable funds (continued)
Restricted funds
| At 1 April 2023 |
Income | Expenditure | Transfers | At 31 March 20 |
|
|---|---|---|---|---|---|
£ |
£ | £ | £ | £ |
|
| Children in Need |
– | – | (1) | – | (1) |
| Chill and Chat (CCS & ICF) |
– | – | – | – | – |
| Table Top Adventures (CCS & |
– | – | – | – | – |
Austin Bailey Foundation |
201 | – | – | (201) | – |
| Table Top Adventures (Postcode |
– | – | – | – | – |
Garfield Weston |
10,211 | – | (8,923) | (1,288) | – |
| CIN - Trust Me | – | – | – | – | – |
| Summer of Fun |
– | – | – | – | – |
|---|---|---|---|---|---|
| Welsh Government- |
– | – | – | – | – |
| Swansea Bay Uni Health |
– | – | – | – | – |
| CIN - 2022 | 14,691 | 30,341 | (26,316) | – | 18,716 |
| National Lottery- |
23,764 | 33,997 | (53,038) | (4,723) | – |
| Table Top - Lottery |
10,478 | 19,950 | (9,307) | – | 21,121 |
| Youth Bank | – | – | – | – | – |
| CC Swansea - Coast |
– | 7,015 | (6,665) | (350) | – |
| Postcode Community |
– | 25,000 | (4,622) | – | 20,378 |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
|
| 59,345 | 116,303 | (108,872) | (6,562) | 60,214 | |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
|
| At 1 April 2022 |
Income | Expenditure | Transfers | At 31 March 202 |
|
£ |
£ | £ | £ | £ |
|
| Children in Need |
– | – | 1 | – | 1 |
| Chill and Chat (CCS & ICF) |
275 | – | (211) | (64) | – |
| Table Top Adventures (CCS & |
3,709 | – | (2,080) | (1,629) | – |
Austin Bailey Foundation |
701 | – | (500) | – | 201 |
| Table Top Adventures (Postcode |
6,024 | – | (5,177) | (847) | – |
Garfield Weston |
11,711 | 12,500 | (14,000) | – | 10,211 |
Mixtup
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Analysis of charitable funds (continued)
| 12. Analysis of | charitable fund | s (continued) | |||
|---|---|---|---|---|---|
| CIN - Trust Me | 182 | – | (75) | (107) | – |
| Summer of Fun |
– | 2,600 | (2,600) | – | – |
| Welsh Government- |
596 | – | (584) | (12) | – |
| Swansea Bay Uni Health |
239 | – | (239) | – | – |
| CIN - 2022 | 5,831 | 36,173 | (27,313) | – | 14,691 |
| National Lottery- |
12,674 | 48,794 | (37,704) | – | 23,764 |
| Table Top - Lottery |
– | 9,975 | (1,974) | 2,476 | 10,477 |
| Youth Bank | – | 600 | (600) | – | – |
|---|---|---|---|---|---|
| CC Swansea - Coast |
– | – | – | – | – |
| Postcode Community |
– | – | – | – | – |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
|
| 41,942 | 110,642 | (93,056) | (183) | 59,345 | |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
13. Analysis of net assets between funds
| Unrestricted Funds | Restricted Funds | Total Funds 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Current assets | 15,266 | 65,256 | 80,522 |
| Creditors less than 1 year |
– | (5,042) | (5,042) |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
|
| Net assets | 15,266 | 60,214 | 75,480 |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
|
| Unrestricted Funds | Restricted Funds | Total Funds 2023 | |
| £ | £ | £ | |
| Current assets | 8,452 | 68,242 | 76,694 |
| Creditors less than 1 year |
– | (8,897) | (8,897) |
⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
⊗⊗⊗⊗⊗⊗⊗⊗ |
|
| Net assets | 8,452 | 59,345 | 67,797 |
⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |
⊆⊆⊆⊆⊆⊆⊆⊆ |