**REGISTERED CHARITY NUMBER: 1203023**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
## **BRIDGING THE GAP YOUTH - MERTHYR**
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
**BRIDGING THE GAP YOUTH - MERTHYR**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
|||**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|16|
|**Detailed Statement of Financial Activities**||17||
**BRIDGING THE GAP YOUTH - MERTHYR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 aim of the Charity is to advance in life and relieve the needs of, young people aged between 3 and 19, in Merthyr Tydfil. The Charity does this through the provision of recreational and leisure time activities, in the interest of social welfare. This is designed to improve their conditions of life, providing support and activities which help develop their skills, capacities and capabilities, to enable them to participate in society as mature and responsible individuals.
## **Public benefit**
The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with s17 Charities Act 2011 in respect of having due regard to public benefit when considering, planning and implementing the activities of the charity.
## **Volunteers**
The organisation is thankful for having 7 Volunteers during the year. Working approximately 2.5 hours each once a week.
Six of the volunteers has since joined the team as a paid member of staff.
Page 1
**BRIDGING THE GAP YOUTH - MERTHYR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **ACHIEVEMENTS AND PERFORMANCE Charitable activities The Story of our Project April 2024- March 2025**
The beginning of 2024 was a challenging time for recruiting a Senior Playworker who had resigned in January 2024. This post was advertised externally where only one applicant was interviewed in March 2024. At the same time, the previous Project Manager, who had been in post for a year had also resigned in March 2024. We recognised that the applicant who applied for the position of Senior Playworker, had the relevant experience and skills to fill the Project Managers post. Following a successful interview, we appointed this person for the post and due to the lack of applicants for the Senior Playworker vacancy we advertised internally. This position was filled by our previous Deputy Playworker. We then promoted another member of staff to the role of Deputy Playworker. The new Project Manager began her fulltime contract at the start of April 2024 supported by the Operations Manager.
We held a Meet the New Project Manager event on the afternoon of Thursday 3rd April at Bridging the Gap Youth, which was well attended by all the families and organisations that we work with. This provided an opportunity for parents to meet the new Project Manager and all the staff working at the project both in paid and voluntary capacity. The afternoon provided a good networking opportunity also and enabled us to share the history of Bridging the Gap Youth and our fantastic funding success from The National Lottery.
The Operations Manager safeguards the project and ensures a smooth transition of management. The operations manager has introduced a staff contingency plan to mitigate any risks associated with staff absences. The operations manager forms a vital part of the management system by overseeing the managements, labour, policy decisions and quality and safety control. The role will also ensure the organisation maintains the quality of service and ensure standards are adhered to.
We were fortunate to receive additional funding from various streams to enable us to develop the project and to meet standards in preparation for our CIW registration. We continued to offer some free sessions during the summer holidays due to another successful grant.
We continued to run holiday clubs during all school holidays except Christmas when we have a shut down. The hours of service are 10.30am-4pm with restricted hours for the under 12's, as we are still in the process of becoming registered with CIW.
Bridging the Gap Youth is a project that has been initiated and maintained by the people of the local community for nearly 19 years. We consult with the Young People who use our services on a regular basis, as well as their parents to ensure that the project is still relevant and beneficial.
Our management committee is made up of parents whose children have attended the Club over the years, some who have children currently attending the club. Each of these parents live within the local community and bring different skills as they have different areas of expertise.
The same can also be said of the staff we employ. There are a range of ages, from those who have come through as volunteers and young workers at the age of 16 years, to the more mature in life, some of whom who have years of experience in childcare and education. Staff are committed to maintain their Professional development, attending training to meet CIW standards.
We have regular sensory sessions at Cwm Golau ICC we visit The Integrated Children's Centre (ICC) daily both after school and during school holidays. The ICC also offer training at evenings and weekends which staff can access.
The last year the Project Manager has concentrated on updating and reviewing new policies and procedures in preparation for CIW registration. She has regular meetings with Cymru rhan and Clybiau Plant kids Clubs, who are supporting her with her application for registration. She is also committed to improving staff well-being, and professional development. Liaising and updating Trustees and management committee with all aspects of the project.
Page 2
**BRIDGING THE GAP YOUTH - MERTHYR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **FINANCIAL REVIEW**
## **Financial position**
For the period ended 31st March 2025, total income was £168,377 (2024: £207,934).
Total expenses for the period totalled £156,829 (2024:£152,868), giving an overall surplus for the period of £11,548 (2024: £55,066).
At the 31st March 2025, Unrestricted Reserves totalled £55,678 (2024: £33,885) and Restricted Reserves totalled £10,937 (2024: £21,181).
## **Principal funding sources**
During the year the organisation managed to gain grant funding from the following:
- National Lottery
- MTCBC Open Access & Training Incentives
- Cymryrd Rhan Improvement Incentive
- Merthyr Valleys Homes
## **Reserves policy**
The Trustees are aware that a Reserves Policy is required in order to identify and fill the gap between income and expenditure and to cover unplanned emergency expenditure.
The Trustees are currently in the process of formally identifying a detailed Reserves Policy, but consider that the level would be approximately 6 months expenditure.
Current Free Reserves are £55,677. Expected Target Reserves would be £78,414. It is the aim of the charity to increase free reserves going forward.
## **FUTURE PLANS**
We are actively working towards CIW registration, which will benefit parents. They will be able to claim for their childcare.
Also, children under 12 years of age will be able to attend longer sessions. We believe this will increase our number of attendees, which will help our project grow and support our sustainability while continuing to meet the growing demands in the community.
We would like to offer additional services for young adults over 19 years of age, with care and support needs. We are actively seeking funding for this extended service, and have consulted with families in the local community.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
Should the need for new Trustees arise, the current Trustees consider the knowledge and experience required and approach suitably qualified candidates accordingly.
## **Organisational structure**
Bridging The Gap Youth - Merthyr, is a registered CIO (Charitable Incorporated Organisation).
The Charity was registered with the Charity Commission, in England & Wales, on the 11th May 2023.
The Charity Commission number is 1203023.
Page 3
**BRIDGING THE GAP YOUTH - MERTHYR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **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**
1203023
## **Principal address**
Jerusalem Church Castle Street Pentrebach Merthyr Tydfil CF48 4BN
## **Trustees**
D P Bufton (Chair) S J Jenkins (Treasurer) A M Popp
**Day to day management -** Lisa Clack (Project Manager)
## **Independent Examiner**
Richard I Knoyle ACA FCCA Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
Approved by order of the board of trustees on 26 November 2025 and signed on its behalf by:
S J Jenkins - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIDGING THE GAP YOUTH - MERTHYR**
## **Independent examiner's report to the trustees of Bridging The Gap Youth - Merthyr**
I report to the charity trustees on my examination of the accounts of Bridging The Gap Youth - Merthyr (the Trust) for the year ended 31 March 2025.
## **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:
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.
Richard I Knoyle ACA FCCA
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
26 November 2025
Page 5
**BRIDGING THE GAP YOUTH - MERTHYR**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
3,446
**Charitable activities**
After School & Holiday Club
77,222
Other income
482
**Total**
81,150
**EXPENDITURE ON**
**Charitable activities**
3
After School & Holiday Club
59,358
**NET INCOME/(EXPENDITURE)**
21,792
**RECONCILIATION OF FUNDS**
Total funds brought forward
33,885
**TOTAL FUNDS CARRIED FORWARD**
55,677|Year Ended
31/3/25
Restricted
Total
funds
funds
£
£
87,227
90,673
-
77,222
-
482
87,227
168,377
97,471
156,829
(10,244)
11,548
21,181
55,066
10,937
66,614|Period
11/5/23
to
31/3/24
Total
funds
£
82,153
48,302
77,479
207,934
152,868
55,066
-
55,066|
|---|---|---|
The notes form part of these financial statements
Page 6
**BRIDGING THE GAP YOUTH - MERTHYR**
## **BALANCE SHEET**
## **31 MARCH 2025**
|Notes
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2025
£
3,400
65,668
69,068
(2,454)
66,614
66,614
66,614
55,678
10,936
66,614|2024
£
-
57,166
57,166
(2,100)
55,066
55,066
55,066
33,885
21,181
55,066|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 November 2025 and were signed on its behalf by:
S J Jenkins - Trustee
The notes form part of these financial statements
Page 7
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **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.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **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 are applied:
**Voluntary income** received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income.
**Government Grant Income** is included in full on receipt unless it is subject to a condition when it is treated as deferred income.
**Deferred income** : Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified.
**Gifts in Kind** are included in the income and expenditure account where they are applied in carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. the quantifiable benefit is shown as both incoming and expended resources within the appropriate funds. Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate. The value of services provided by volunteers is not quantified.
**Investment income** is included when receivable.
**Trading income** is recognised when earned.
## **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.
## **Support costs allocation**
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
continued...
Page 8
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
**Costs of generating funds** include the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
**Charitable expenditure** comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes the costs that can be attributed directly to those activities and those costs of an indirect nature necessary to support them.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
- 25% on cost
## **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.
## **Debtors and creditors receivable/ payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Leases**
Rentals payable and receivable under operation leases are charged to the SoFA on a straight line basis over the period of the lease.
## **Going concern**
See Notes to the Accounts.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **2. DONATIONS AND LEGACIES**
|Donations
Grants
Grants received, included in the above, are as follows:
The National Lottery
Merthyr Tydfil County Borough Council
Cymyrd Rhan
Merthyr Valleys Homes
**3.**
**CHARITABLE ACTIVITIES COSTS**
After School & Holiday Club
**4.**
**SUPPORT COSTS**
After School & Holiday Club|Year Ended
31/3/25
£
3,446
87,227
90,673
Year Ended
31/3/25
£
79,513
4,434
2,880
400
87,227
Support
Direct
costs (see
Costs
note 4)
£
£
147,594
9,235
Governance
Other
costs
£
£
7,135
2,100|Period
11/5/23
to
31/3/24
£
-
82,153
82,153
Period
11/5/23
to
31/3/24
£
76,846
5,307
-
-
82,153
Totals
£
156,829
Totals
£
9,235|
|---|---|---|
continued...
Page 10
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **4. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
|**SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:||||
|---|---|---|---|
||||Period|
||||11/5/23|
||Year Ended||to|
|||31/3/25|31/3/24|
|||After||
|||School &||
|||Holiday|Total|
|||Club|activities|
|||£|£|
|Rent||6,475|8,914|
|Insurance||582|549|
|Telephone||78|54|
|Independent Examiners||2,100|2,100|
|||9,235|11,617|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.
## **6. STAFF COSTS**
|Year Ended
31/3/25
£
Wages and salaries
124,705
Social security costs
1,375
Other pension costs
1,051
127,131|Period
11/5/23
to
31/3/24
£
110,200
303
960
111,463|
|---|---|
The average monthly number of employees during the year was as follows:
|Administrative Staff|Period
11/5/23
Year Ended
to
31/3/25
31/3/24
4
4|
|---|---|
|After School & Holiday Club Staff|11
11|
||15
15|
No employees received emoluments in excess of £60,000.
There are no high paid staff.
continued...
Page 11
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **6. STAFF COSTS - continued**
The key management of the charity comprises the Finance & Project Managers. The total benefits of the the key management personnel of the charity was £48,388 (2024: £41,922).
|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
**Charitable activities**
After School & Holiday Club
48,302
Other income
77,479
**Total**
125,781
**EXPENDITURE ON**
**Charitable activities**
After School & Holiday Club
35,689
**NET INCOME/(EXPENDITURE)**
90,092
**Transfers between funds**
(56,207)
**Net movement in funds**
33,885
**TOTAL FUNDS CARRIED FORWARD**
33,885
**8.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2024 and 31 March 2025
**DEPRECIATION**
At 1 April 2024 and 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024|Restricted
Total
funds
funds
£
£
82,153
82,153
-
48,302
-
77,479
82,153
207,934
117,179
152,868
(35,026)
55,066
56,207
-
21,181
55,066
21,181
55,066
Computer
equipment
£
3,642
3,642
-
-|
|---|---|
continued...
Page 12
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**11.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Restricted
Funds
Funds
£
£
Fixed Assets
-
-
Net Current Assets
55,678
10,936
55,678
10,936
**12.**
**MOVEMENT IN FUNDS**
At 1/4/24
£
**Unrestricted funds**
General fund
33,885
**Restricted funds**
MTCBC - Summer of Fun
275
ICF Sports Fund
722
Winter Wellbeing Fund (MTCBC)
1,000
EYIG Holiday Scheme Fund
260
The National Lottery
12,780
The National Lottery (Top Up)
3,431
EYIG Sports Fund
1,708
Sports Club Grant Fund
1,005
MTCBC Training Incentive
-
MTCBC Open Access Play Fund
-
21,181
**TOTAL FUNDS**
55,066|Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**11.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Restricted
Funds
Funds
£
£
Fixed Assets
-
-
Net Current Assets
55,678
10,936
55,678
10,936
**12.**
**MOVEMENT IN FUNDS**
At 1/4/24
£
**Unrestricted funds**
General fund
33,885
**Restricted funds**
MTCBC - Summer of Fun
275
ICF Sports Fund
722
Winter Wellbeing Fund (MTCBC)
1,000
EYIG Holiday Scheme Fund
260
The National Lottery
12,780
The National Lottery (Top Up)
3,431
EYIG Sports Fund
1,708
Sports Club Grant Fund
1,005
MTCBC Training Incentive
-
MTCBC Open Access Play Fund
-
21,181
**TOTAL FUNDS**
55,066|Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**11.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Restricted
Funds
Funds
£
£
Fixed Assets
-
-
Net Current Assets
55,678
10,936
55,678
10,936
**12.**
**MOVEMENT IN FUNDS**
At 1/4/24
£
**Unrestricted funds**
General fund
33,885
**Restricted funds**
MTCBC - Summer of Fun
275
ICF Sports Fund
722
Winter Wellbeing Fund (MTCBC)
1,000
EYIG Holiday Scheme Fund
260
The National Lottery
12,780
The National Lottery (Top Up)
3,431
EYIG Sports Fund
1,708
Sports Club Grant Fund
1,005
MTCBC Training Incentive
-
MTCBC Open Access Play Fund
-
21,181
**TOTAL FUNDS**
55,066||2025
£
3,400
2025
£
2,454||2024
£
-
2024
£
2,100|
|---|---|---|---|---|---|---|
||Unrestricted
Funds
£
-
55,678
55,678|Restricted
Funds
£
-
10,936
10,936|Year ended
31.03.25
£
-
66,614
66,614||Period ended
31.03.24
£
-
55,066
55,066||
|||At 1/4/24
£
33,885
275
722
1,000
260
12,780
3,431
1,708
1,005
-
-
21,181
55,066|Net
movement
At
in funds
31/3/25
£
£
21,793
55,678
(155)
120
(722)
-
(1,000)
-
(260)
-
(5,029)
7,751
(2,617)
814
(420)
1,288
(1,005)
-
96
96
867
867
(10,245)
10,936
11,548
66,614||||
continued...
Page 13
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
MTCBC - Summer of Fun
ICF Sports Fund
Winter Wellbeing Fund (MTCBC)
EYIG Holiday Scheme Fund
The National Lottery
The National Lottery (Top Up)
EYIG Sports Fund
Sports Club Grant Fund
Cymyrd Rhan Development fund
MTCBC Training Incentive
MVH Grant
MTCBC Open Access Play Fund
**TOTAL FUNDS**|Incoming
resources
£
81,150
-
-
-
-
79,513
-
-
-
2,880
96
400
4,338
87,227
168,377|Resources
Movemen
expended
in funds
£
£
(59,357)
21,793
(155)
(155)
(722)
(722)
(1,000)
(1,000)
(260)
(260)
(84,542)
(5,029)
(2,617)
(2,617)
(420)
(420)
(1,005)
(1,005)
(2,880)
-
-
96
(400)
-
(3,471)
867
(97,472)
(10,245)
(156,829)
11,548|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**|Net
movement
in funds
£|Transfers
between
funds
£|At
31/3/24
£|
|---|---|---|---|
|General fund|90,092|(56,207)|33,885|
|**Restricted funds**||||
|MTCBC - Summer of Fun|(30)|305|275|
|ICF Sports Fund|-|722|722|
|Winter Wellbeing Fund (MTCBC)|-|1,000|1,000|
|EYIG Holiday Scheme Fund|(240)|500|260|
|Comic Relief Fund|(8,558)|8,558|-|
|The National Lottery|(6,747)|19,527|12,780|
|The National Lottery (Top Up)|(19,091)|22,522|3,431|
|EYIG Sports Fund|(360)|2,068|1,708|
|Sports Club Grant Fund|-|1,005|1,005|
||(35,026)|56,207|21,181|
|**TOTAL FUNDS**|55,066|-|55,066|
continued...
Page 14
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
MTCBC - Summer of Fun
EYIG Holiday Scheme Fund
Comic Relief Fund
The National Lottery
The National Lottery (Top Up)
EYIG Sports Fund
MTCBC - Cohesion Fund
**TOTAL FUNDS**|Incoming
resources
£
125,781
2,307
-
-
76,846
-
-
3,000
82,153
207,934|Resources
Movement
expended
in funds
£
£
(35,689)
90,092
(2,337)
(30)
(240)
(240)
(8,558)
(8,558)
(83,593)
(6,747)
(19,091)
(19,091)
(360)
(360)
(3,000)
-
(117,179)
(35,026)
(152,868)
55,066|
|---|---|---|
## **Restricted funds**
Restricted funds represent balances held to fund future projects where the resources have been received and are required by the donors to fund a specific project.
## **Transfers between funds**
Transfers between funds arise where unrestricted funds have been used to fund shortfalls in restricted projects. The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and are available with the approval of the trustees to fund any expenditure on projects or expenses which fall within the organisations general aims and objectives. They are accumulated in accordance with the reserve policy as stated in the Trustee Report.
## **Activities undertaken within each major restricted fund**
The restricted funds of the charity have been applied during the year or are held for future expenditure in the following area:
## **National Lottery Community Fund (People and Places)**
This funding is to support the organisations current play and youth facilities for children with specific and complex needs. The funding will enable the organisation to extend current opening times and increase the age range of current beneficiaries, increasing provision and offering additional support.
## **Cymyrd Rhan Development fund**
Grant to help with repair work in the BTG building.
## **MTCBC Open Access Play Fund**
Grant to assist with staff costs and resources for the summer of 2024.
continued...
Page 15
**BRIDGING THE GAP YOUTH - MERTHYR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **13. RELATED PARTY DISCLOSURES**
The Trustee and Treasurer Mrs S Jenkins's niece is employed by the charity. She was paid at rates commensurate with her position and in line with other members of staff. The appointment process was open and at arms length and the Trustees were fully informed of the relationship before the appointment.
Mrs S Jenkin's sister, is also a member of the Management Committee, which is an unpaid role. The Trustees were fully informed of the relationship before the appointment.
## **14. ULTIMATE CONTROLLING PARTY**
The Charity is controlled by its Trustees.
## **15. GOING CONCERN**
The trustees believe that the organisation's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the organisation's needs and that no material uncertainty exists.
## **16. GIFTS IN KIND**
The value of volunteer time is not quantified in terms of money but the time contributed by volunteers is an invaluable resource in terms of the outstanding contribution made by them.
The number of hours contributed by volunteers in the year was approximately 88 (2024: 195).
Page 16
**BRIDGING THE GAP YOUTH - MERTHYR**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|||Period|
|---|---|---|
|||11/5/23|
||Year Ended|to|
||31/3/25|31/3/24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|3,446|-|
|Grants|87,227|82,153|
|**Charitable activities**|90,673|82,153|
|After School & Holiday Club|77,222|48,302|
|**Other income**|||
|Funds Introduced|-|77,479|
|No description|482|-|
||482|77,479|
|**Total incoming resources**|168,377|207,934|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|124,705|110,200|
|Social security|1,375|303|
|Pensions|1,051|960|
|Other costs|20,463|29,788|
|**Support costs**|147,594|141,251|
|**Other**|||
|Rent|6,475|8,914|
|Insurance|582|549|
|Telephone|78|54|
|**Governance costs**|7,135|9,517|
|Independent Examiners|2,100|2,100|
|Total resources expended|156,829|152,868|
|**Net income**|11,548|55,066|
||||
This page does not form part of the statutory financial statements
Page 17