Registered Charlty Number. 250983 REPORT OF THE TRusfEES AND UNAUDrrED FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 2024 FOR YOUNG MEN'S CHRISTIAN ASSOCIATION NEATH BRANCH
YOUNG MEN'S CHRIsfIAN As)CIATIoN NEATH BRANCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Report of the Trustees IndepeTrJent Examinerfs Rep)rt Ststement of Finanrial Acbvlbes Balan Sheet Notes to the nanCIal statements 7-12 Detailed Ststement of Flnancial Actvittes L3
YOUNG MEN'S CHRISW ASSOCIATION NEATH BRANCH REPORT OF THE TRiisfEES FOR THE YEAR ENDED 31 MARCH 2024 The tru5* present thelr rewrt wlth the financial statements of charfty for the year ended 31 March 2024. The trustees have a(h¥ted the provisions of the Charl5 SORP (FRS 102) Accountlng and ReportlTrJ by Charities, Ststement of Rec(xnmended pract1 applTrble to charities preparing their accounts in aordan wlth the Flnanclal Re4)orting Standard applicable in the UK a( Repu of Ireland (FRS 102) (effettive l January 2019). REFERENCE AND ADMINIsfRATIVE DEfAILS Reglstered Charlty Number (England and Wales) 250983 Registered Offlce Neath YMCA Lletty Najd Penydre NEATH SAII 3HG Mr Kevin Lewls - Chalrman Mr Alun James Mrs Joanrki Jenkins MBE JP DL- Qwlnnan Dr Bryn John Cstj DL Revere1 Patrick Baker (ChaaIn) {Retlred 30 Novenber 2023) Mr Clive Ball Mr Marbn Evans FCA cfA Cllr Alan Lockyer Mr Brian Warlow (Resigrd 9 August 2023) Professor Emeritus Dr Dunc3n Lewis [Rned 15 SepteM1r 2023) Mrs Delyth Lewis Pastor Lynn Maddocks (AptKJinted 30 NoveJviw 2023) Mr Emry5 Ellas OBE(ApFK)inted 30 Novernr 2023) Ms Sarah Hemington (Appoirtsd 30 NovemiEr 2023) Ms Marcia Hughes (Apinted 30 Novunter 2023)
Pa YOUNG MEN'S CHRIsfiAN ASSOCIATION NEATH BRANCH REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 Convd srRucfuRE, GOVERNANCE AND MANAGEMENr Govemlng docurnent The charity is Control by its goveming documen¢ the mthyel conslituth)n YMCA. Related partles The charlty's related parties include all trtee5 Ii5W alx)ve. Rlsk management The trustees actwely rewew the maF)r risks whlch Ihe d)artty frd on a r4ular basis and klleve that by maintalnlng a reserve, combined with an annual VIeW of the controls over key finaniial systems, this will provide sufficient resources in event of adverse condtdons. The trustees have also eyAmlned other operational bLSIr rlsks whKh it fa aThl u)nfimi that tlw have established systsms to mitsgats the 51gnificant risks. Management commlttee The management committee Is m up of trnstees. Ml trustees gfve thelr ttme vduntsrlly and recelved no remunerati¢)n or frcn the charity durirKJ the year. OBJEcfIvES AND AcfivTfiES Objertives and alms objectives of the charlty a as folbws:. l. To lead young men and knys to the Lord Jesus thrist to fijllness of life in him. 2. To provide or asslst In the provislon in the interests cl la1 welfare of facilit for recreational and other lelsure tlme 0patIon for young men tws with the obi&t of improving their condition of life. Charltable actlvttles In shatxng our objectives and planning our a(JivilJe5, the trustees have considered the Charity Commission's guidance on publlc benefiL The main &tivities undertaken for the public be indle. Youth club and youth events. Young people's activities such as Juck), Karate, Dae etc. Adult education da5ses. Partnership worknng with other organili0n$. ACHIEVEMENT AND PERFORMANCE In addition to its daily attivities and its contlnued Involvement in the Fthess F*oryi the charlty wlll ntInue to investigate further Pro] consistent with Tts tharttaNe ain. The charity had a surplus in this year of £23,043 compared wtth a deficit of £22,918 In 2023. The charity has surplus funds at the end of March 2024 (induding fiEelK)Id property) of £133,440.
YOUNG MEN'S CHRISTIAN ASSOCIATION NEATH BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Conyd FINANCIAL REVIEW Reserves pollcy The reseNe5 policy of Neath YMCA rawnlw the need to hold reNe5 to ensure fijnds are available to conilnue the provi8ion or assist in the provlslon, In the Interests of sockl Weare, of faolities of recreabon artd other lelsure time should fall. Reserve5 are also requir8J to meet the future malntenance programwE for the bulldlng, known as YMCA, Penydre thus ensurlng the faaltties offered are kept to a high standard. A minimum level of reseNes needs to be retsined to e[ the trustees can 0rate the extt strategy and meet its lejal commltments should the charfty be unable to continue due to a I of a 5ustsinable 1me stream. The charlty Is dependent upon reIpt of activty income, letting fees aTrJ otr income from trust funds. The Trustees have continued to morbitor the ongolng flnandal sthation do• during 2023-24. fftr the finanaal year, the charTty continued to demonstrate sound, effecttve finanual managemenL This will o)ntinue and maintainin9 the viability of YMCA Neath will be a priority during 2024-2025 and beyond. Unrestricted funds stsnd at £133,440 at 31# March 2024. After bxountiro for tsngible fixed assets, the ch8rlty currently has fbEe serveS of £72,853 howevw the trustees aim to retsin free reserves of circa 6 nN)nths operating Lt)5ts whlch would currenuy o]uate to approximatety £60,tI)O as per the Charty Commissions best practice guidan. The truste wlll monitor and review the reserves pdlcy on a rojular Lkisis or should any other extemal factors such as the pandemlc occur again. ON BEHALF OF THE BOARD: Kevin Lewls- Trus Date.. 28 January 2025
INPENDErir EXAMINER'S REPORT TO THE BOARD OF TRusfEES OF YOUNG MEN'S CHRIStIAN ASSOCIATION NEATH BRANCH I rewrt to the charity trustees on my MInation of the accounts of the chat7ty for the year end 31 March 2024 which a set out on pages 5 tr) 12. Responslblllties and basls of report As the Charit$ tnjstees you are wnslble for the preParat)n of the accounts In accordan wlth the requirements of the Chartues Act 2011 Cthe Att). I report in of my examination of tIE charitys aco)unts carried out under sedlon 145 of the Act and in carrying out my examination I have folk)wgJ all the applicab Dlrecjjons grven by the Charity Commission under secknon 145(5)(b) of the ACL Independent examlnerfs statement I have Comple my examlnatk)n. l o)rrflmi that no mateiial matters have oJme tu my attention In connectlon with the examlnation giwng me cause to believe that in any material rW:_ accounting records were not kept in resp&* of the drity as requlred by tion 130 of the Act, or the accounts do not accord with those rOlS,. or the accounts do not compty with the aptAicable requireFnents COnrnIng the fom and content of acccmjnts set out in the Chaikne5 (Accounts arKI Rew)rts) Regutation$ 2(N)8 other than any uirement that the accounts gNe a YJue arKI fair viewf is not a matter consldergj as part of an independent examination. I have no concems and have come across no other matters In cOnOn wlth the examination to which attention should be drawn in this report in order to enable a proper utKJerstandiTrJ of the accounts to I reaChJ. Richard Chapple R. Chapple Bsc FCCA WBV Limited Wo(xifield House Castle Walk Neath SAII 3LN Date.. 28 January 2025
YOUNG MEN'S CHRIsfIAN ASSOCIAfIoN NEATH BRANCH STATEMEpif OF FINANCIAL ACTIEs (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Funds INCOMING RESOURCES Donations and legacie5 Intsmlng ra$oUr frt*n charltable acll¥ltlas Other trading artNlties Incrxne from Investments Total Income and endowments 7,896 7,896 4,078 7,525 85,680 54,859 62,384 85,680 939 36,536 76,430 40 85 RESOURCES EXPENDED ExIndure In ralsing funds Expenditure on charitsble activibes Other eXtndItre Total resour expended 82,672 4,533 82,672 49,096 103,214 34,600 NEf INCOME Trarnsfers een funds Net movement in funds 12,747 10,296 10 296) 23,043 {22,918) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWAIID 110 397 110 397
YOUNG MEN'S CHRISnAN ASSOCIATION NEATH BRANCH BALANCE SHEET AS AT 31 MARCH 2024 2014 21J23 Total Fund5 Funds FIXED ASSETS Tanglble assets CURREKf ASSErs Stock Debtors Cash at bank and In hand IOD 7,587 1858 1858 77,351 77,351 50,018 CREDrroRS: amounts falling due within one year io NEf CURREpif ASSErs TOTAL ASSETS LESS CURREKf UABIUTIES133,440 DefeThed income 133,440 110,397 NEf ASSETS FUNDS Unrestricted funds Restricted funds Total Funds li li 133,440 133,+10 110,397 The flnanclal statements werE apwovd by the Boanl of on 28 January 2025 and were signed on its behalf by: Kevin Lewis- TNstee The rM)t&s fonn part of th&e finanaal ststements
YOUNG MEN'S CHRISTIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL sfATEMEpirs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES Basls of preparatlon and assemMt of golng concern Young Men's Chrfstlan ASS(aatK)n N&ith Branch was fouThJ8J urmler Mc¥Jd cOrtItu1j0n YMCA in january 1967. The address of the registered Offi is Th)teJ in the charity referee and admInIstrate detalls on page l of the flnanclal stateffnts. The accounts (ffnanclal statements) have been ppar1 in accordan wlth Accounting and RqThting by • Charities: Ststement of Re0)mmendj Practi applltsble to charities preparing their accounts In ac(xJrdance wlth the Financlal Rerx)rtiry stard applicab in t UK and Republic of Ireland (FRS 102) (effective l January 2019), Financlal reportlng Stsndard 102'The Financial Reporting Stsndard appllcable in the UK and Republlc of Ireland, alItieS Art 2011 arKI applicable regulations. The accounts ve been pPared under ihe hLSton"cal c05t cOnVtion with items recognised at cost or transactlon value unless otherwLse statal In relevant note(s} to these accounts. Young Men's Chrfstlan Assodauon Neath BraNth meets the thfinition of a publlc entty uer FRS 102. Incomlrfj resources All Incomlng resour are on the Statement of Finanaal Actmtles when the charfty is legally entitled to the income, the anInt can Ee quandfd with aSOnab ac£uracy a1 there Is sufflclent certalnty of recelpt. Grants, where entiuement is not CjInal on the delNery of a spEcifK FwformarKe by the charity, are reccgnised when the charty tecorrS Urnd1Ona1IY entttl81 to the grant, Grants which are deFendent on meeting perfOrnn tsnJets are reccNJnised to the extwt that those performance conditions are met. Resources expended Expenditure Is accounted for on an acCrlS basls and ha5 cla55ifi8J under headings that aggregate all costs related to the cate9)ry. Where costs cannot direcily attribut iD particular headings they have been allocated to activities on a basis consistent with the use of resources. Liabiltties are recognised as eXndljre as scM)n as there is a kgal or constnJ(the oblvjation committing the charlty to that expenditu, it is probable that settlament will Ik Nuira the amourt of the obligation can be measured relially.
YOUNG MEN'S CHRIsfiAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Cont'd Tanglble fixed assets Depreaation is provided at the followlng annual In order to write off each asset over its estlmated useful life. Plant and gym equiFKnent- 15% reduciThJ balaTh2. Computer 4uipment- 250h reduaThJ balan. In accordan with FRS 102 fhold propety is stated at cost. The trustees conslder that no depreciation should be charyed on hold proFety held by branch due to the continua investsment in the upkeep of the property 5LKh that its residual value is at Eeast equal to rt and Is not depreciated. Taxatlon The charity Is exempt from corporation tsx on Its djaritab activitw. Debtors and credltors recelvablelpayable wlthln one year Debtors and cr&Jthrs recefvae1paYab1e wtthln one year are rrded at the settlement amount. Fund accountlng Unrestrirted ftjnds can used in &ry)rdan with the charitable ob}Ne5 at the discretion of the trust. Restrlrted funds can only be used for particular rykthed purFx%es within obJ.ts of the charity. Restrlctions arlse when SlTEd by the thrh)r vthen funds are raed for particular restricted purposes. Further explanation of natu aN1 wrwtse of eath fund is in the notes to the financial Statements. G(Kng conwn No matertal UnrtaIntieS exist whith affett charities ability to ojnttnue as a goiThJ ccrfrn eXpt as disclosed in the'Achievement arKI tErf0mn, paragraph cf the RetJt of the TrLStees. Cashflow siatement A cashflow statement is not prepa in with its 0ritIeS SORP (FRS 102). INVEsfMEKf INCOME 2024 2023 Bank Interest
YOUNG MEN'S CHIUSTIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 Cont'd TRUStEES' REMUNERATION AND BENEFITS There were no tnJstr£es' remuneration or otlw IEneffts for the y8ar end&J 31 March 2024 rtor for the year ended 31 March 2023. TNstees' Expenses There were no trusteeg expenses paid for the year ended 31 March 2024 Th)r for the year ended 31 March 2023. srAFF COSTS 2024 2023 Wage5 and salaries Scoal security costs Employers Fension contributi 81,286 68,845 The average monthty number of emthees during the year was as foll¢)ws: 2024 2023 Admlnlstralive and Proj staff No employees recew OIuMents In excess of £60,1xN) (2023: None). 2024 2023 Key rersonnel remunerations i*nefits Income from charitable activi 2024 2023 Grants:_ restrlcted Not CBC 3 sector grant Neath PortTalbot CBC Warmhub Cook Sts Sportbtt Grant Heartbeat Trust Sported Foundation Kickstart Scheme National Grid Wami Spa 4 The reglon - garden prOjt Hlbub Communlty FrfdgelEat your pumpkjn ple NPT(X ftKKJ poverty NWt(JC cost of living YMCA cost of livlng m(Y)ndan Foundation - uniforn rail Magic little grants- uniforni 30,IXJO 1,200 7,781 23,394 1,240 900 2,021 4,544 2,000 4,865 3,000 7,000 I,oio 1,940 50 859
YOUNG MEN'S CHRISM ASSOCIATION NEATH BRANCH NOTES TO THE FtNANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Convd 2024 2023 Grants:. Ljnrestrkted Lottery Community fund Neath Town Council Groundworkers Tesco 6,2LKI 200 Total OTHER TRADING AcrIvrrIES- UNREsTricfED FUNDS 2024 2023 Subscrlpdons Genera1 fundraising FItn factory Partnershlp [tIeS 14,238 15,426 16,466 15,634 14,166 16,552 (1,396) 1,260 (86) (6,662) (1,300) (5,738) ALLOCATION OF GOVERNANCE AND OTHER SURPLUS cosrs The breakdown of support costs and lThi these were alkotsj WVeMar and other 5UPPOrt Costs is shown in the tsble bdow: CostType Tt)tsl Basi$ Apportlonment Stsff cos Premlses cost5 MislIaneOUS overheads 57,619 15,054 oi 48,619 Estimat stsff time 12,054 ESknmat1 usage l Estimated usage Governance costs uCen and professional charges From support costs The totsl support cost and 9)VeMar o)5ts attribjted to the acbvities of the charity Is then apportioned pro rata to the income genernted. The alh)2tion of cost is as follows.. Subscrfptlons to das Fitness factory General furKlraising Partnership artivty 13,075 15,122 14,166
YOUNG MEN'S CHRISTIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Convd TANGIBLE FIXED ASSEts Fmhold Plartt and Mathln Total COST As l Aprfl 2023 and 31 March 2024 DEPRECIATION At l April 2023 Charge for the year As at 31 March 2024 27,376 27,376 NEf BOOK VAWE At 31 March 2024 At 31 March 2023 DEBTORS: AMOUNTS FALLING DUE WrnIIN ONE YEAR 2024 2023 Debt(Ks Prepaents and accrued income 2,683 7,412 175 io. CREDrroRS: Amoumfs FALUNG DUE WrnIIN ONE YEAR 2024 2023 Payments in advatKe PAYE and &Ktal Securwty Acuuals 917 1,141 834 373
Pa e12 YOUNG MEN'S CHRIStIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Convd ii. MOVEMENf IN FUNDS HOert Funds At 011041 As 31103124 Unrestricted funds General furKI Restrirted funds Restricted funds TOTAL FUNDS 110,397 23,043 133,440 Net movanent in fun(ts, Irdl in ts ab)ve are as fdlows: IrKomlrvJ Rr¢e$ Movement In Trnnsfer Movement In fvnts b6f• rKls after transfer transfer Un$tCEed funds General furKI Restrfcted funds Restric1 funds TOTAL FUNDS 102,040 89,293 12,747 10,296 23,043 23 Iz PENSIONS AND OTHER posr REfIREMEKf BENEFrrs The tharity operatss a defined contrlbutions pensH)n plan for Its employees. The arrKJunt recconised as an expense in the year was £950 (2023 £701). 13. ULTIMATE CONTROLLifiG PARTY The charty is controlled by the l))ard cl tnts.
YOUNG MEN'S CHRisfIAN ASSOCIATION NEATH BRANCH DAILED ATEMENT OF FINANCIAL AcrivrrIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOMING RESOURCES Donations and legacies Legacy Donatlons other income 6,798 2,867 other trading activltles Subscrlptlons Coffee bar Fitness factory 16,466 General fundraising, section recharge, sales Etems, speaal dforts, var10$ 15,426 Partnership activlties 14,238 13,126 99 13,776 4,377 Investment Income Bank interest Incomlng resourqx5 from charftable aLtlvltles Grants Total Incomlng resources RESOURCES EXPENDED Charftable actlvltles Wag Insuran Llght and heat TeleFthone Postage, printlng and stadonery Repairs, renewals and cleaning Marketlng Bank charges and interest Key holder and cleaning service and Srity Mlscellaneo Class costs Water rates Baby bank Aff51iation fees Grant Expendlture Depredatlon 82,236 4,077 8,621 720 1,500 9,450 230 384 237 5.502 2,860 2,064 1,978 395 11,514 69,546 3,394 9.300 755 816 8,311 709 320 161 3,847 3,472 1,274 1,309 34,600 133 856 Net Surplus