REGISTERED CHARITY NUMBER: 1194591
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | ||
|---|---|---|
| Report of the Trustees | to2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 | to13 |
| Detailed Statement of Financial Activities | 14 |
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
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 principal objective of the charity will be the provision of support and services to the young people of Aber-Valley and the surrounding areas. We will assist in the provision of social welfare facilities for recreation and other leisure time occupation for men and women with the objective of improving their conditions of life. To this end, the charity operates a full and varied programme of events designed to benefit the public with activities for everyone in the community of all ages, male or female.
ACHIEVEMENT ANO PERFORMANCE
In planning our activities for the year, we have considered the Charity Commission's guidance on public benefit.
The main area of activity normally involves providing a varied programme of activities 7 days per week giving people of all ages a place to meet and socialise with their peers whilst partaking in leisure activities, healthy living through sport and exercise and lifelong learning through our various courses.
FINANCIAL REVIEW
Principal funding sources
The major source of funding is the letting of the sports hall along with associated income and grants from both the public sector and charities.
Investment policy and objectives
Apart from a prudent amount kept in reserves each year, most of the charity's funds are spent in the short term so there are few funds for long term investment. The reserves are kept in a saver account. A review of investment policy is made annually.
Reserves policy
The reserves policy adopted by the charity is to allow total costs for one year to be kept in reserve.
The financial statements disclose a deficit of £327 (2023: £35,812), the deficit on unrestricted funds was £4,189 ( 2023: £16,519). At the year end the charity had restricted funds of £608,871 (2023: £605,009) and unrestricted funds of £41,956 (2023: £46,146).
FUTURE PLANS
The charity plans to continue the activities listed in its programme for the benefit of the community, subject to satisfactory funding arrangements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its constitution of a Charitable Incorporated Organisation (CIO).
Recruitment and appointment of new trustees
The members of the Board of Management are also charity trustees for the purpose of charity law and under the association's constitution are known as the management committee. Members are elected for a period of 3 years after which they must be re-elected at the next A.G.M.
Organlsatlonal structure
The Young Men's Christian Association Aber Valley Branch has a Management Committee of up to 21 members who meet monthly on the last Friday of the month. A scheme of delegation is in place and the Senior Youth Worker/General Secretary is responsible for ensuring that the charity delivers the services specified and that the key performance indicators are met. The Manager has the responsibility for the day-to-day operational management of the centre, individual supervision of the staff team and ensuring that the team continue to develop their skills in line with good practice.
Page 1
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees
New trustees are appointed by the Board Management and training for new trustees is available
The main aspects of the training are:
-
1 - The obligations of the Management Committee members
-
2 - The main documents which set out the framework for the charity including the constitution.
-
3 - Resourcing the current financial position as set out in the latest published accounts.
-
4 - Future plans and objectives.
Risk management
The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1194591
Principal address
Aber Valley Branch Brynhafod Road Abertridwr Caerphilly CF83 4BH
Trustees
W E Evans MBE Chair C Langford Trustee K L Gough Trustee D Jenkins Trustee P Rees Trustee T J Stone Trustee P Ellis Trustee J T Williams Trustee R D Scobie Trustee
Independent Examiner
Henry Lloyd Davies Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Approved by order of the board of trustees on .. A . '. .!.1/.: ..... i .[4.. ] ... and signed on its behalf by: i.
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
Independent examiner's report to the trustees of Young Men's Christian Association Aber Valley Branch I report to the charity trustees on my examination of the accounts of Young Men's Christian Association Aber Valley Branch (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
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:
-
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
-
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.
Henry Lloyd Davies
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Date: ............... ............................ . Lg l IO I [1 ..... d1_ '-t-]
Page 3
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| FOR | THE YEAR E | NDED 31 MARC | H 2024 | ||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2 | 12,542 | 12,542 | 14,363 | |
| Charitable activities | 5 | ||||
| Charitable Activities | 8,950 | 39,769 | 48,719 | 1,300 | |
| Other trading activities | 3 | 38,570 | 38,570 | 34,617 | |
| Investment income | 4 | 302 | 302 | 67 | |
| Total | 60,364 | 39,769 | 100,133 | 50,347 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable Activities | 64,553 | 35,907 | 100,460 | 86,159 | |
| NET INCOME/(EXPENDITURE) | (4,189} | 3,862 | (327) | (35,812} | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 46,145 | 605,009 | 651,154 | 686,966 | |
| TOTAL FUNDS CARRIED FORWARD | 41,956 | 608,871 | 650,827 | 651,154 |
The notes form part of these financial statements
Page4
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
BALANCE SHEET 31 MARCH 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 9 | 9,486 | 600,596 | 610,082 | 616,215 |
| CURRENT ASSETS | |||||
| Debtors | 10 | 6,845 | 6,845 | 754 | |
| Cash at bank and in hand | 29,563 | 8,275 | 37,838 | 35,642 | |
| 36,408 | 8,275 | 44,683 | 36,396 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 11 |
(3,938) | (3,938) | (1,457) | |
| NET CURRENT ASSETS | 32,470 | 8,275 | 40,745 | 34,939 | |
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 41,956 | 608,871 | 650,827 | 651,154 |
| NET ASSETS | 41,956 | 608,871 | 650,827 | 651,154 | |
| FUNDS | 12 | ||||
| Unrestricted funds | 41,956 | 46,145 | |||
| Restricted funds | 608,871 | 605,009 | |||
| TOTAL FUNDS | 650,827 | 651,154 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
Mr E Evans MBE - Trustee
The notes form part of these financial statements
Page 5
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. 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.
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.
Grant income is accounted for on an accruals basis and is shown in the financial statements when the Charity earns the unconditional right to the funds. Grants received for a specific purpose are treated as restricted funds. Revenue grants are credited directly to the Statement of Financial Activities and Capital grants are released over the life of the asset in line with the depreciation policy.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Income from room hire is recognised when the hire takes place.
Fitness centre income is recognised when paid. When a payment is made for an extended period, it is credited evenly over the period to the SOFA.
Donations and similar incoming resources represent monies received by the charity from charitable donations and gifts. These are recognised in the Statement of Financial Activities upon receipt.
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.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Improvements to property - 10% on cost Fixtures and fittings - 20% on cost Sports Equipment - 20% on cost
Assets below £100 are not capitalised but included within expenses. The Trustees do not believe any assets are impaired and do not carry out impairment reviews.
The trustees of the unincorporated charity agreed to transfer the property to the newly formed Charitable Incorporated Organisation (CIO). With the current backlog at the Land Registry the process is ongoing.
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.
continued ...
Page6
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes falling in future time periods.
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.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Cash at bankand in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only 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 their settlement value.
Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
2. DONATIONS AND LEGACIES
3.
| Donations Subscriptions and Memberships OTHER TRADING ACTIVITIES Catering Income Letting Income Fitness Suite Sundry Income |
2024 £ 3,059 9,483 12,542 2024 £ 10, 131 27,601 546 292 38,570 |
2023 £ 4,999 9,364 14,363 2023 £ 9,686 24,185 644 102 34,617 |
|---|---|---|
continued ...
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YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
4. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Deposit account interest | 302 | 67 | |
| INCOME FROM CHARITABLE ACTIVITIES | |||
| 2024 | 2023 | ||
| Activity | £ | £ | |
| Grants | Charitable Activities | 48,719 | 1,300 |
| Grants received, included in the above, are as follows: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Caerphilly County Borough Council | 7,150 | 1,300 | |
| Garfield Weston | 6,000 | ||
| Postcode Lottery | 12,000 | ||
| AV Community Council | 500 | ||
| MADL | 300 | ||
| National Lottery | 22,769 | ||
| 48,719 |
5. INCOME FROM CHARITABLE ACTIVITIES
6. 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.
7. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 32,298 | 29,590 |
| National Insurance Contributions | ||
| 32,298 | 29,590 |
No employee was paid over £60,000.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINAN | CIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 14,363 | 14,363 | |
| Charitable activities | |||
| Charitable Activities | 1,300 | 1,300 | |
| Other trading activities | 34,617 | 34,617 | |
| Investment income | 67 | 67 | |
| Total | 50,347 | 50,347 |
continued ...
Page 8
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| 8. | COMPARATIVES FOR THE ST | ATEMENT OF F | INANCIAL ACTI | VITIES-continu | ed | |
|---|---|---|---|---|---|---|
| EXPENDITUREON | ||||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| Charitable activities | ||||||
| Charitable Activities | 66,866 | 19,293 | 86,159 | |||
| NET INCOME/(EXPENDITURE) | (16,519) | (19,293) | (35,812) | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 62,664 | 624,302 | 686,966 | |||
| TOTAL FUNDS CARRIED FORWARD | 46,145 | 605,009 | 651,154 | |||
| 9. | TANGIBLE FIXEDASSETS | |||||
| Improvements | Fixtures | |||||
| Freehold | to | and | Sports | |||
| property | property | fittings | Equipment | Totals | ||
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| At 1 April 2023 | 1,004,504 | 82,588 | 66,840 | 51,562 | 1,205,494 | |
| Additions | 19,279 | 19,279 | ||||
| At 31 March 2024 | 1,004,504 | 82,588 | 86,119 | 51,562 | 1,224,773 | |
| DEPRECIATION | ||||||
| At 1 April 2023 | 396,640 | 82,388 | 59,015 | 51,236 | 589,279 | |
| Charge for year | 18,502 | 89 | 6,495 | 326 | 25,412 | |
| At 31 March 2024 | 415,142 | 82,477 | 65,510 | 51,562 | 614,691 | |
| NET BOOK VALUE | ||||||
| At 31 March 2024 | 589,362 | 111 | 20,609 | 610,082 | ||
| At 31 March 2023 | 607,864 | 200 | 7,825 | 326 | 616,215 | |
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN | ONEYEAR | ||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Prepayments | 6,845 | 754 |
Prepayments
continued ...
Page 9
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2024
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Taxation and social security | 345 | 43 | ||
| Other creditors | 3,593 | 1,414 | ||
| 3,938 | 1,457 | |||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General Fund | 38,845 | 3,111 | 41,956 | |
| AV Community Council Grant | 7,300 | (7,300) | ||
| 46,145 | (4,189) | 41,956 | ||
| Restricted funds | ||||
| Freehold Property Fund | 199,786 | (7,419) | 192,367 | |
| Building Grant | 403,678 | (10,983) | 392,695 | |
| Community Foundation in Wales | 1,475 | (89) | 1,386 | |
| Admiral - Capital Grant | 70 | (70) | ||
| National Lottery | 15,423 | 15,423 | ||
| Postcode Lottery- Salary Grant | 7,000 | 7,000 | ||
| 605,009 | 3,862 | 608,871 | ||
| TOTAL FUNDS | 651,154 | (327) | 650,827 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General Fund | 59,864 | (56,753) | 3,111 | |
| AV Community Council Grant | 500 | (7,800) | (7,300) | |
| 60,364 | (64,553) | (4,189) | ||
| Restricted funds | ||||
| Freehold Property Fund | (7,419) | (7,419) | ||
| Building Grant | (10,983) | (10,983) | ||
| Community Foundation in Wales | (89) | (89) | ||
| Admiral - Capital Grant | (70) | (70) | ||
| National Lottery | 22,769 | (7,346) | 15,423 | |
| CCBC Repairs Grant | 5,000 | (5,000) | ||
| Postcode Lottery- Salary Grant | 12,000 | (5,000) | 7,000 | |
| 39,769 | (35,907) | 3,862 | ||
| TOTAL FUNDS | 100,133 | (100,460) | (327) |
continued ...
Page 10
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General Fund | 54,796 | (15,951) | 38,845 | |
| Community Council Grant | 500 | (500) | ||
| CAF | 288 | (288) | ||
| Bute Energy | 880 | (880) | ||
| PTE C.Council | 200 | (200) | ||
| AV Community Council Grant | 6,000 | 1,300 | 7,300 | |
| 62,664 | (16,519) | 46,145 | ||
| Restricted funds | ||||
| Freehold Property Fund | 207,205 | (7,419) | 199,786 | |
| Building Grant | 414,661 | (10,983) | 403,678 | |
| Sports Council of Wales - Capital Grant | 82 | (82) | ||
| Community Foundation in Wales | 1,564 | (89) | 1,475 | |
| Admiral - Capital Grant | 140 | (70) | 70 | |
| Arts Council Grant | 200 | (200) | ||
| AV Community Council Grant | 450 | (450) | ||
| 624,302 | (19,293) | 605,009 | ||
| TOTAL FUNDS | 686,966 | (35,812) | 651,154 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General Fund | 49,047 | (64,998) | (15,951) | |
| Community Council Grant | (500) | (500) | ||
| CAF | (288) | (288) | ||
| Bute Energy | (880) | (880) | ||
| PTE C.Council | (200) | (200) | ||
| AV Community Council Grant | 1,300 | 1,300 | ||
| 50,347 | (66,866) | (16,519) | ||
| Restricted funds | ||||
| Freehold Property Fund | (7,419) | (7,419) | ||
| Building Grant | (10,983) | (10,983) | ||
| Sports Council of Wales - Capital Grant | (82) | (82) | ||
| Community Foundation in Wales | (89) | (89) | ||
| Admiral - Capital Grant | (70) | (70) | ||
| Arts Council Grant | (200) | (200) | ||
| AV Community Council Grant | _) | _) | ||
| (19,293) | (19,293) | |||
| TOTAL FUNDS | (86,159) | (35,812) |
continued ...
Page 11
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| A current year 12 months and prior year 12 months co | mbined position is as follow | s: | |
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 54,796 | (12,840) | 41,956 |
| Community Council Grant | 500 | (500) | |
| CAF | 288 | (288) | |
| Bute Energy | 880 | (880) | |
| PTE C.Council | 200 | (200) | |
| AV Community Council Grant | 6,000 | (6,000) | |
| 62,664 | (20,708) | 41,956 | |
| Restricted funds | |||
| Freehold Property Fund | 207,205 | (14,838) | 192,367 |
| Building Grant Sports Council of Wales - Capital Grant |
414,661 82 |
(21,966) (82) |
392,695 |
| Community Foundation in Wales | 1,564 | (178) | 1,386 |
| Admiral - Capital Grant Arts Council Grant |
140 200 |
(140) (200) |
|
| AV Community Council Grant | 450 | (450) | |
| National Lottery | 15,423 | 15,423 | |
| Postcode Lottery- Salary Grant | 7,000 | 7,000 | |
| 624,302 | (15,431) | 608,871 | |
| TOTAL FUNDS | 686,966 | (36,139) | 650,827 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| A current year 12 months and prior year 12 months c as follows: |
ombined net movement in f | unds, included in | the above ar |
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 108,911 | (121,751) | (12,840) |
| Community Council Grant | (500) | (500) | |
| CAF | (288) | (288) | |
| Bute Energy | (880) | (880) | |
| PTE C.Council | (200) | (200) | |
| AV Community Council Grant | 1,800 | (7,800) | (6,000) |
| 110,711 | (131,419) | (20,708) | |
| Restricted funds | |||
| Freehold Property Fund | (14,838) | (14,838) | |
| Building Grant | (21,966) | (21,966) | |
| Sports Council of Wales - Capital Grant | (82) | (82) | |
| Community Foundation in Wales | (178) | (178) | |
| Admiral - Capital Grant | (140) | (140) | |
| Arts Council Grant | (200) | (200) | |
| AV Community Council Grant | (450) | (450) | |
| National Lottery | 22,769 | (7,346) | 15,423 |
| CCBC Repairs Grant | 5,000 | (5,000) | |
| Postcode Lottery- Salary Grant | 12,000 | (5,000) | 7,000 |
| 39,769 | (55,200) | (15,431) | |
| TOTAL FUNDS | 150,480 | (186,619) | (36,139) |
continued ...
Page 12
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 13
YOUNG MEN'S CHRISTIAN ASSOCIATION ABER VALLEY BRANCH
DETAILED ST A TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,059 | 4,999 |
| Subscriptions and Memberships | 9,483 | 9,364 |
| 12,542 | 14,363 | |
| Other trading activities | ||
| Catering Income | 10,131 | 9,686 |
| Letting Income | 27,601 | 24,185 |
| Fitness Suite | 546 | 644 |
| Sundry Income | 292 | 102 |
| 38,570 | 34,617 | |
| Investment income | ||
| Deposit account interest | 302 | 67 |
| Charitable activities | ||
| Grants | 48,719 | 1,300 |
| Total incoming resources | 100,133 | 50,347 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 34,151 | 32,298 |
| Insurance | 6,189 | 5,442 |
| Light and heat | 9,951 | 10,031 |
| Telephone Postage and stationery |
646 168 |
641 35 |
| Catering Costs | 6,274 | 5,603 |
| Cleaning and Maintenance | 11,290 | 3,320 |
| Sundries, Sorts, Running Costs | 2,200 | 4,530 |
| Licences and Affiliation Fees | 948 | 959 |
| Freehold property | 18,502 | 18,502 |
| Improvements to property | 89 | 89 |
| Fixtures and fittings | 2,639 | 2,639 |
| Computer equipment | 4,182 | 330 |
| 97,229 | 84,419 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 3,231 | 1,740 |
| Total resources expended | 100,460 | 86,159 |
| Net expenditure | (327) | (35,812) |
This page does not form part of the statutory financial statements
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