YMCA BARRY,
2022- 2023
Yn¢A
Here foryoung pe
Her• forcommunltl
H*r• foi you
Boord of Management- Governance
Trustee5 Sitting on the Boord of Mona9errEnt during the year
Mrs Lesley VirgSn
Mr Geoff l)awes
Mrs Joyce Dent
Mr Kevin Ruwersma
CIIT Sondro Perkes
Cllr Ewan Goodjohn
Chair
Wice Chair
Treasurer
Appointed 23rd September 2022
RepresentiThJ 8orry Town Counal
Appointed 22TrJ Moy 2022 Representing Bory Town
COU11
Appointed 22nd Moy 2022 Representing the Vole of
Glomorgon COU11
Clly N(Joml Morshollsea Appointed 22nd May 2022 Representing the Vole of
amtygon Council
Cllr Emmo Cs)odjohn
The Boord trustees sign o Code of Conduc( o Register of Interest and complete
a DBS chec
The Board meets six times a year arKI there are committees that report to the
Board.V
Functions of the Board of Management
Responsily'lity For overall governance ond strategic direction fof efficient use
of funds ond PrOrtY
To ensure the aims. objectives and wnisationol goals are In
accordance with the assLKiation'$ 9oveming document
Appointing ond monitoring the work of senior staff
Bory YMCA is offilioted to YMCA Englond orKI Wale>
Registered office". Court Road. Codoxton. Barry. Vale of Glamorgan. CF63 4EE
Charity Number. 251245
Independent financial Examiner: MH& Elfed House, Ook Tree Court, Cardiff
Gate Business Park, Cardiff, CF23 8RS.
Choir's Report 2022-2023
It give5 me the greotest pieo5UTe to present this YMCA Borry Annuol Report
which incorporotes summary financial information from the financial
statements for the year ended 31 March 2023. YMCA Borry 15 a re9iStered
Charity and is controlled ond directed by o Board of Monogement comprisin9
volunteer trustees and local g0Mment representottves. l am extremely
grateful for the support of my colleogues on the Board. We have been
fortunate in welcoming new trustees. extending the specialist skills of the
Board membership and benefitting overoll from the additional value thot
differing perspectives hole brought to our discussions.
Each year seems to bring its particular challenges ond this year has been
no exception. The cost-of-living crisis presented the organisotion with
significont ond existential challenges. The shock ond scole of the
unprecedented increases in the costs of 9os and electricity required urgent
review of running costs, cash flow and income. The success of the resulting
chonge5, economies. programrniry arKI fundraising h05 been nothirrfj short of
outstandirmj.
The strategic thinking and foresight of tk Chief Executive Officer have not only
ensured that mojor financial difficulties hove been avoided but also motivoted
members of the YMCA Borry teom to reoch on increased level of achievement
and innovotion. This has induded indr¥iduals-
receiving the Welsh Gymnastics Community Coach of the Year Aword for
inclusive gymnastics cooching-
Tepresenting Woles ot the 2022 Commomweolth Gome¥
being invited to train full-time crt the Welsh Centrolised Acodery wfth Welsh
National Cooches;
gainirrfj multiple oword5 Qt V*rfs Artistic We15h Chompion5hip5
together with expansion of the orgonisotion by establishing in Penorth its
first satelibte club- the Silver Stars of YMCA Barry.
On behalf of the Board of Management. I thank all stoff and volunteers for their
enthusiasm and commitment. arj cor4JTotulote trn for their continuin9
success.
Mrs Lesley Virgin
Chair, YMCA Borry
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250 children competed in the duvs first recreatK>nol club cornpetition since
prtrpandemic. SO children in the cluvs advanced competition and 200
children completed their proficiency badges. All of the events were extremely
popular arKI something that the children absolutety needed after the diffKult
two yeors that they had experienced
Junlor School Gymnastlcs Taster Sessions and Summer of Fun Presthool
Clos$
The Vole of Glomoryon Swt ond Hoy Teom sent sunws out to local Bwry
schools to identify ¥4that sports the children wanted to participate in. The top the
choices were Gymnastics. Trampolining and Donce, and the teom opproached
YMCA Borry ononge taster sessions. club delivered free gymnostics toster
sessions to school chIldn in yeors 3 to 6 from four local Primory Schools. The
chIldn from th schools come to the club and YMCA Boiry cooches provided
off site closses ot ¢)ne prlmory school 05 It wos t¢)0 for for the children to wolk
Altogether. 600 chlldTen attended gymnostics closses over the course of fFve
weeks. They thoroughly enjoJ*d their sessions with many children signing up to
the club to continue with gymnostic
In oddition, YMCA Borry Worked wtth the Vole of Glomorgon Sport ond Play Teom
to run free preschool toster sessions for children in the surrounding oreo. Sixty
children ¢Jttended the sessions whith voried from Free Play Gymtots, Structured
Coach led Gymtots 05 well as independent preschoc4 classes.
The childn arKI parents enjoyed the sessions ond many continued to
attend the drop in Gymtots sessions ot the club.
Blrmlngham 2022 Commonwealth Game5
YMCA Borry has a long history of Cc(nmorwealth Games
representotion, ond the 2022 Gomes in Birmin9ham was no exceptior
YMCA Borry 9ymnast J05h Cook underwent mony gn0511t$ triols
gain o ploce in the Team to rePseTrt WoEes ot the 2022
Commonwealth Game5, Josws second games. Josh competed on all
six apporatus within the Team competition ord lPed Wales secure
6th team positiorn Due to Jo$$ high levet of skill he quolified for the
Individual All-Around competition ond daimed 13th ra11 out of ali
the best gymnosts in the Commonwealth countries. This w05 0 huge
achievement for Josh. YMCA Barry and Te(Th Wales.
io
Helping young people to
belong, contribute and thrlve.
li
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Femole Advanced
e femole odwjnced section rf the dub has a successfijl yeor wi
nasts 90inin9 places withiD the South Centrnl Welsh Squad one in the
Welth FDundation Squad and
In Development Squ(xl. In addf(ion,
SIX 9ymnosb
ere selected to
present Soth Centrol Wales within the NlÈlsh
FIMI competit.
Oiivla Melinn has been t
ing at ThCA Bany sirKe the oge of thtee and now
- otten years old hos been competirvJ at on Elite leveL Due to Olivia's hl9h level
ond work ethic. she hos irwited to troln in the full tlme ot the Welsh
.. Centrallsed Academy with the Welsh Coache5. Thls Is a great
attdawnent and we ore oll looking fofword hw Olfvia progfesses
,rfthln the Elite prograrnrne.
13
ro
YMCA gymnasts helped Woles secure 5th place
In the team competition at the Northern European
Champlonships
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|The following figures are
1 April 2022 to 31 March
The financial~ts|taken from the
2023, approved
were subject to|signed gnsncial s
by the Irustses
an Independent|talemenls
of
of Barry YMC
Examinalion.|Barry YMCA fo
A on 8Septem|r the period
ber 2023.|
|---|---|---|---|---|---|
|Annual
0 pe ra gona:||Unrestricted|Restricted|31-Mnr-23|31&or-22|
|||funds|funds|Total|Total|
|||f|8|8|f|
|Income:||||||
|Donalions and voluntary|gmnls|18240|23,922|42,162|40,501|
|Charitable
acdv ilies||503,974|2,261|505,235|399,591|
|Olher trading acbvrges||38,258|0|38,258|13,229|
|Invesanent
income||254|0|254|10|
|Olher inoome||0|0|0|0|
|Total incoming
msources||560,726|26,183|586,909|453,331|
|Less:||||||
|Raising funds||(15,399)|-|(15,399)|(3,972)|
|Expenditure
relaling
toprovision of||(497,666)|(63,393)|(561,059)|(506,783)|
|chanlabls
activliiea||||||
|Total resources expended||(513,065)|(63,393)|(576,458)|(510,755)|
|NET INCOME(EXPEND(IU RE)||47,661|(37,210)|10,451|(57,424)|
|Transfers between funds||1,000|(1,000)|||
|Net movement
in funds||48,661|(38,210)|10,451|(57,424)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
fonvard||1,093,892|1,671,084|2,764,976|2.822,400|
|TOTAL FUNDS CARRIED FORWARD||1.142,553|1,632,874|2,775,427|2.764,976|
|||$1-Mar-2$|31-Mar-22|
|---|---|---|---|
||||f|
|Fixed assets comprising|property,|||
|fixtures and equipment||2,853,693|2.924,903|
|Rocks held||3,254|0|
|Debtors being what the chadty is owed||11,468|16,377|
|Cash, being monies
held atthe bank||187,211|108,873|
|and in hand||||
|||3,055,628|3,050,153|
|Less: What the charity owes||||
|Suppliers
and other creditors||(50,815)|(50,947)|
|Loan due after more then|one year|(229,584)|(234,230)|
|||280.199|285,177|
|Leaving what the charity|owns|2,775,427|2.784,976|
|The funds ofthe charity|comprise:|||
|Unrestricted
funds||L142,553|1,093,892|
|Restricted funds||1,632,874|1,671,084|
|||27H 427|2TS4976|
YMCA BaTry
Court Road,
Vale of Glamorgan.
CF63 4EE
vMw.ymcoborry.org.uk
01446 724000
Chafty No. 251245
||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|7|
|Independent
Examiner's|Report||||
|Statement of Financial|Activities||||
|Balance Sheet|||10||
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||12||
|Notes to the Financial Statements||13|to|25|
|Detailed Statement of Financial Activities||26|to|27|
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|Trustees|||||||
|---|---|---|---|---|---|---|
|L Virgin||Chair|||||
|G Device||Vice-Chair|||||
|J Dent||Treasurer|||||
|C Elmore|||||Resigned|21 1022|
|K Ruwersma|||||Appointed|23.09.22|
|J Hill-Tout|||||Appointed|26.05.23|
|Cllr Emma Goodjohn||Representative|ofVale of Glamorgan|Council|Appointed|15.07.22|
|Cllr Sandra|Perkes|Representahve|of Barry Town Council||||
|Cllr Ewan Goodjohn||Representative|of Barry Town Council||Appointed|150722|
|Cllr Lis Burnett||Representative|ofVale ofGlamorgan|Counci1|Resigned|10.06.22|
|Cllr Kathryn|McCaffer|Representative|ofVale of Glamorgan|Council|Resigned|10.06.22|
|Cllr Helen Payne||Representative|of Barry Town Council||Resigned|19.05.22|
|Cllr Naomi Marshallsea||Representative|ofVale of Glamorgan|Council|Appointed|15.07.22 - resigned|
||||||10.05.23||
|Property b'ustees|||||||
|L Owens|||||||
|C Boffin||Passed away|26.03.2022||||
|SWeston|||||||
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|6|E|6|6|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||18,240|23,922|42,162|40,501|
|Charitable
activit/as|||||||
|General|||503,974|2,261|506,235|399,591|
|Other tradmg
activities|||38,258||38,258|13,229|
|Investment
income|||254||254|10|
|Total|||560,726|~26 183|586,909|453,331|
|EXPENDITURE ON|||||||
|Raising funds||7|15,399||15,399|3,972|
|Charitable
activities||8|||||
|General|||497,666|63393|561,059|506783|
|Total|||513,065|63,393|576,458|510755|
|NET INCOME/(EXPENDITURE)
Transfers
between funds||23|47,661
1000|(37,210)
~1,000)|10,451|(57,424)|
|Net movement
in funds|||48,661|(38,210)|10,451|(57,424)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||1,093,892|1,671,084|2,764,976|2,822,400|
|TOTAL FUNDS CARRIED FORWARD|||1,142,553|~1632874|2775427|2,764 976|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Total|Total|
||||funds||funds|funds|funds|
|||Notes|6||6|6||
|FIXEDASSETS||||||||
|Tangible
assets||15|1,220,819|1,632,874||2,853,693|2,924,903|
|CURRENT ASSETS||||||||
|Stocks||16|3,254|||3,254||
|Debtors
Cash at bank end in hand||17|11,468
~187211|||11,468
187,211|16,377
108,873|
||||201,933|||201,933|125,250|
|CREDITORS||||||||
|Amounts
falling due within one year||18|(50,615)|||(50,615)|(50,947)|
|NET CURRENT ASSETS|||151,318|||151318|74 303|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||1,372,137|1,632,874||3,005,011|2,999,206|
|CREDITORS||||||||
|Amounts
falling due after more than one|year|19|(229,684}|||(229,584)|(234,230)|
|NET ASSETS|||~1142553|1,632874||~2775 427|2,784,976|
|FUNDS||23||||||
|Unrestricted
funds||||||1,142,553|1,093,892|
|Restricted
funds||||||1,632,674|~1671084|
|TOTAL FUNDS||||||~2775427|2,764,976|
|The 6nancial
statements
were approved|by the Board of||Trustees
end authorised||for issue|on ..........~..tL,~...~3||
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes||6|
|Cash flows from operating||activities|||||
|Cash generated
from operations
Interest paid|||||102,583
~12,612|42,567
~9,820|
|Net cash provided
by operating
activities|||||89,971|~32 747|
|Cash flows from investing||activities|||||
|Purchase oftangible
fixed assets
Sale oftangible
fixed assets|||||(6,044)|(22,254)
1,200|
|Interest received|||||251|10|
|Net cash used in investing|activities||||~5,793)|~21 044)|
|Cash flows from financing||activities|||||
|Loan repayments
m year|||||~5840|8,229|
|Net cash used
in finanang|activities||||~5,840)|~8229)|
|Change
in cash and cash||equivalents|in||||
|the reporting
period
Cash and cash equivalents||at the|||78,338|3,474|
|beginning
ofthe reporting||period|||108,873|~105399|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||187,211|108,873|
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||RECONCILIATION
ACTIYITIES|OF|NE|T INCOME/(EXPE|NDITURE)
TO NET CASH FLOW FR|OM OPERATING||
|---|---|---|---|---|---|---|---|
|||||||2023
E|2022f|
||Net income/(expenditure)
ofFinancial Activities)|||for the reporting|period (as per the Statement|10,451|(57,424)|
||Adjustments
for.|||||||
||Depreciation
charges||||||78,755|
||Loss on disposal of|fixed assets|||||431|
||Interest received|||||(251)|(10)|
||Interest paid|||||12,612|9,820|
||Increase
in stocks
Decrease
in debtors|||||(3,254)
4,909|7,712|
||Increase
in creditors|||||862|3,283|
||Net cash provided|by|operations|||102,583|42 567|
|2.|ANALYSIS OF CHANGES|||IN NET DEBT||||
||||||At 1/4/22|Cash flow|At 31/3/23|
||||||E|f|E|
||Net cash|||||||
||Cash at bank and in|hand|||~108873|78,338|~187211|
||||||108873|~78 338|187,211|
||Debt|||||||
||Debts falling due within
Debts falling due after 1||1 year
year||(8,481)
~234 230)|1,194
~4646|(7,287)
~229,584|
||||||~242 711)|~5840|L236,887711)|
||Total||||~133838|84 178|~49660)|
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|||||||||||2023f|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Donated goods/services||||||||||3,240|3,240|
|Donations|||||||||||1,164|
|Grants||||||||||38,922|36,097|
|||||||||||42,162|40,501|
|Donated goods/services||each year represents||||rent|for land not charged to Barry YMCA|||||
|Grants received,|included|in the above, are as||||follows:||||||
|||||||||||2023|2022|
|||||||||||6|6|
|Simon Gibson Charitabkr||Trust||||||||3,000|3,000|
|Coronavirus
Job|retention|scheme|||||||||25,207|
|The Moondance|Foundation
—upgrading
front|||||doors/gazebo|||||6,390|
|WCVA Kickstart|Scheme||||||||||1,500|
|The Moondance|Foundation - energy|||support||||||10,000||
|The National
Lottery Community|||Fund||- energy|efficiency project||||9,507||
|Barry Town Council - energy efficiency|||||proiect|||||1,561||
|The Vale of Glamorgan
Council -|||Stronger Communities|||||energy|efficiency|3,000||
|project||||||||||||
|Commumty
Matters
Fund||- National||Grid Electncity|||Distribution|||9,854||
|Asda Foundation|-energy support|||||||||2,000||
||||||||||||36,097|
##
||||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||cc||
||Vending|machine|sales||||||||11,886|243|
||Fundraising||||||||||6,380|227|
||Cafe —rental income||||||||||6,140|10,000|
||Venue agreement||—Cowork|||local Town Square Spaces|||||5,000||
||Clothing|sales|||||||||8852|~2759|
||||||||||||38258|~13 229|
|5.|INVESTMENT INCOME||||||||||||
||||||||||||2023|2022|
||||||||||||6|6|
||Bank mterest receivable||||||||||254|10|
|6.|INCOME|FROM|CHARITABLE ACTIVITIES||||||||||
||||||||||||2023|2022|
||||||||||||6||
||Grants||||||||||2,261|14,640|
||Activities|and associated|||||||||||
||income||||||||||387,070|288,378|
||Letting fees||||||||||59,391|44,873|
||Partnership
working||||||||||57513|~51 700|
||||||||||||506,235|~399591|
||Grants received,||included||in|the above, are|||as follows:||||
||||||||||||2023|2022|
||||||||||||6||
||The Vale|ofGlamorgan||Council|||—Winter|Wellbeing||Fund||3,080|
||The Vale|of Glamorgan||Counal|||—Letter to||Santa Scheme|||1,000|
||Always X|Sported|Campaign|||||||||200|
||Sport Wales - Be||Active|Fund||||||||9,360|
||Tesco Bags of Help Grant||||Scheme|||||||1,000|
||Arnold
Clark Community|||Fund|||—Pre-school||equipment||1,000||
||Coaches|ofthe Future -||coach|||development||oppportunibes||518||
||The Vale|ofGlamorgan||Council|||—Summer||of Fun||273||
||Welsh Gymnastics||- growth|||of pre-school||opportunities|||470||
||||||||||||2,261|~14 640|
##
||RAISING FUNDS|RAISING FUNDS|||||
|---|---|---|---|---|---|---|
||Other trading acdvities||||||
||||||2023|2022|
||||||f|6|
||Fundraising
costs||||789|14|
||Vending
machine costs||||8,621|1,196|
||Clothing purchases||||5,989|2,762|
||||||15,399|3,972|
|8.|CHARITABLE ACTIVITIES COSTS||||||
|||||Direct|Support||
|||||Costs (see|costs (see||
|||||note 9)|note 10)|Totals|
|||||6|E|8|
||General|||539955|21,104|561,059|
||DIRECT COSTS OF CHARITABLE ACTIVITIES||||||
||||||2023|2022f|
||Employment
costs||||340,450|304,858|
||Establishment
costs||||43,761|40,233|
||Repairs, maintenance|and|cleamng||37,909|31,661|
||Office expenses||||8,575|3,911|
||Pnnting,
postage
&stationery||||2,953|2,015|
||Other direct costs||||10,291|10,141|
||Gymnastics
administration||software||9,335|6,475|
||COVID-19 specific costs||||26|1,194|
||Travel and subsistence||||2,031|1,399|
||Major Music project costs|||||3,458|
||Bank charges||||1,180|838|
||Fixed asset depreciation||||77,254|78,755|
||Competition
costs||||6,190|2,267|
||Loss on sale ofassets|||||431|
||||||539,955|487,636|
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|STAFF|COSTS|||
|---|---|---|---|
|||2023
f|2022|
|Salaries||290,587|262,931|
|Social security||15,649|13,145|
|Pension|contributions|34214|28,782|
|||~340450|304858|
|Average|number ofemployees|19|17|
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|||||F|5|
|INCONIE|AND ENDOWMENTS|FROM||||
|Donations|and legacies||34,111|6,390|40,501|
|Charitable|activities|||||
|General|||385,151|14,440|399,591|
|Other trading
activities|||13,229||13,229|
|Investment|income||10||10|
|Total|||432 501|20830|453,331|
|EXPENDITURE ON||||||
|Raising funds|||3,972||3,972|
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|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH|2022-||
|---|---|---|---|---|---|
|continued||||||
|||Unrestricted||Restricted|Tots
I|
|||funds||funds|funds|
|||E|||E|
|Charitable
activities||||||
|General||~462 325||44458|506783|
|Total||466,297|||510,755|
|NET INCOMEr(EXPENDITURE)
Transfers
between funds||(33,796)
19,129||(23,628)
~19129)|(57,424)|
|Net movement
in funds||(14,667)||(42,757)|(57,424)|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|1,108,559||1,713,841|2,822,400|
|TOTAL FUNDS CARRIED FORWARD||~1093892||~1671,084|~2,764976|
|TANGIBLE FIXED|ASSETS|||||
|||||Fixtures||
||Long|||and||
||leasehold|Equipment||fittings|Totals|
||E|E||E|E|
|COST||||||
|At 1 April 2022
Additions|3,572,666|505,642
~5474||251,995
570|4,330,303
~6044|
|At 31 March 2023|~3572,666|511 116|~252 565||4,336,347|
|DEPRECIATION||||||
|At 1 April 2022
Charge for year|825,861
~49942|388,514
18105|191,025
~9207||1,405,400
~77 254|
|At 31 March 2023|875,803|406619||200 232|1,482,654|
|NET BOOK VALUE||||||
|At 31 March 2023|2,696 863|104,497||52,333|~2853693|
|At 31 March 2022|~2746 805|117128||60,970|~2,924 903|
|16.|STOCKS|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||6|6|
||Clothing
stock|||||||3254||
|17.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||||
|||||||||2023
f|2022
f|
||Trade debtors|||||||8,283|13,649|
||Other debtors||||||||997|
||Prepayments|and accrued income||||||3,185|~1731|
|||||||||11,468|16,377|
|18.|CREDITORS:|AMOUNTS
FALLING|||DUE WITHIN ONE YEAR|||||
|||||||||2023|2022|
|||||||||6|6|
||Bank loan (see note 20)|||||||7,287|8,481|
||Trade creditors|||||||2,220|1,707|
||Social security|and other||taxes||||5,341|3,929|
||Other creditors|||||||18,260|17,500|
||Accruals and deferred||income|||||17,507|~tg 330|
|||||||||~50 615|~50 947|
||Included
within|accruals||and deferred|income above is the following|deferred|income:|||
|||||||||2023|2022|
|||||||||6||
||Letting fees|||||||7,364|7,734|
||Cafe rental||||||||633|
||Partnership
workmg||||||||4,350|
|||||||||7,364|12,717|
##
|19.|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE|FALLING DUE AFTER MORE|FALLING DUE AFTER MORE|FALLING DUE AFTER MORE|THAN ONE YEAR||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||f|8|
||Bank loan (see|note 20)|||||~229 584|~234 230|
|20.|LOANS||||||||
||An analysis ofthe maturity||of|loans is given below.|||||
||||||||2023|2022|
|||||||||5|
||Amounts
falhng|due within|one year on||demand:||||
||Bank loan||||||7 287|8481|
||Amounts
falling|due between||two and five years:|||||
||Bank loan|||||||~45 399|
||Amounts
falling|due in more than five years;|||||||
||Repayable
by instalments:||||||||
||Bank loan||||||184,907|188,831|
|21.|LEASING AGREENIENTS||||||||
||Minimum
lease|payments|under non-cancellable|||operating|leases fall due as follows:||
||||||||2023
6|2022
f|
||Within one year||||||504|2,482|
||Between one and five years||||||1,134|6,874|
||||||||1,638|9,356|
||Total operating|lease payments
recognised as an||||expense|in the year were 51,970(2022; 54,030).||
|22.|SECURED DEBTS||||||||
||The following secured debts are included||||within creditors:||||
||||||||2023|2022|
||||||||8|6|
||Bankloans||||||236,871|~242 711|
|23.|MOVEMENT
IN FUNDS|MOVEMENT
IN FUNDS|MOVEMENT
IN FUNDS||||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||movement|between|At|
|||||At 1/4/22||in funds|funds|31/3/23|
|||||8||8|E|8|
||Unrestricted
funds||||||||
||General
fund|||1,093,892||47,661|1,000|1,142,553|
||Restricted funds||||||||
||Welsh Government|—Barry regeneration|||||||
||grant - TV Studio|||29,169||(4,088)||25,081|
||Welsh Government|—LRF||510,300||(9,278)||501,022|
||Community
Fund|||234,556||(4,265)||230,291|
||WEFO - ERDF|||869,035||(15,801)||853,234|
||Welsh Government|- Sarry Regeneration|||||||
||Media|||25,418||(3,434)||21,984|
||Welsh Government|- Bany Regeneration|||||||
||Gym|||1,485||(223)||1,262|
||Gymnasium
Development||||121|(121)|||
||Gymnastics
coaching|||1,000||(1,000)|||
||Pre-School equipment|||||1,000|1,000||
|||||~1,671 084||~37210)|1,000|~1,632 874|
||TOTAL FUNDS|||2,764,976||10451||2,775,427|
||Net movement
in funds, tnduded|||in the above are as follows:|||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds
f|
||Unrestricted
funds||||||||
||General fund|||||560,726|(513,065)|47,661|
||Restricted funds||||||||
||Welsh Government|-|Barry regeneration||||||
||grant - TV Studio
Welsh Government|—LRF|||||(4,088)
(9,278)|(4,088)
(9,278)|
||Community
Fund
WEFO —ERDF||||||(4,265)
(15,801)|(4,265)
(15,801)|
||Welsh Government|-|Barry Regeneration||||||
||Media||||||(3,434)|(3,434)|
||Welsh Government|-|Barry Regeneration||||||
||Gym||||||(223)|(223)|
||Gymnasium
Development||||||(121)|(121)|
||Gymnastics
coaching
Pre-School equipment|||||1,000|(1,000)|(1,000)
1,000|
||Energy Efficienc|||||14,068|(14,068)||
||YMVA Barry HUB Warm Space|||||9,854|(9,854)||
||Coach Development||opportunities|||518|(518)||
||Summer of Fun
Pre-School opportunities|||||273
470|(273)
~470)||
|||||||26,183|~63393)|~37,210)|
||TOTAL FUNDS|||||586,909|(576,458)|10,451|
##
|MOVEMENT
IN FU|NDS - con|NDS - con|tinued|tinued|||||
|---|---|---|---|---|---|---|---|---|
|Comparatives
for|movement||in funds||||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1/4/21|in funds|funds|31/3/22|
||||||6|6|5|6|
|Unrestricted
funds|||||||||
|General
fund|||||1,108,559|(33,796)|19,129|1,093,892|
|Restricted funds|||||||||
|Welsh Government|- Barry|regeneration|||||||
|grant - TV Studio|||||34,005|(4,836)||29,169|
|Welsh Government|- LRF||||519,578|(9,278)||510,300|
|Community
Fund
WEFO- ERDF|||||238,821
884,836|(4,265)
(15,801)||234,556
869,035|
|Welsh Government|—Barry|Regeneration|||||||
|Media|||||29,239|(3,821)||25,418|
|Welsh Government|- Barry|Regeneration|||||||
|Gym|||||1,747|(262)||1,485|
|Major Music project|||||5,615|(5,615)|||
|Gymnasium
Development||||||13,380|(13,259)|121|
|Gymnastics
coaching
Moondance
Foundation||||||1,000
5,870|~5870)|1,000|
||||||1 713841|~23,628)|~19,129|~1,671 084|
|TOTAL FUNDS|||||~2,822 400|~57 424)||2,764,976|
|Comparative
net movement||in|funds,|included|in the above are as follows||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||8|||
|Unrestricted
funds|||||||||
|General fund||||||432,501|(466,297)|(33,796)|
|Restricted
funds|||||||||
|Welsh Government|- Barry|regeneration|||||||
|grant - TV Studio|||||||(4,836)|(4,836)|
|Welsh Government|-LRF||||||(9,278)|(9,278)|
|Commumty
Fund
WEFO- ERDF|||||||(4,265)
(15,801)|(4,265)
(15,801)|
|Welsh Government|—Barry|Regeneration|||||||
|Media|||||||(3,821)|(3,821)|
|Welsh Government|—Barry|Regeneration|||||||
|Gym|||||||(262)|(262)|
|Major Music project|||||||(5,615)|(5,615)|
|Gymnasium
Development||||||13,440|(60)|13,380|
|Gymnastics
coaching
Moondance
Foundation||||||1,000
6,390|~520)|1,000
5 870|
|||||||20,830|~44 458|~23628)|
|TOTAL FUNDS||||||453,331|~510755)|~57 424)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2023|2022|
|---|---|---|---|---|
||||6|8|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donated goods/services|||3,240|3,240|
|Donations||||1,164|
|Grants|||~38922|~36097|
||||42,162|40,501|
|Other trading activities|||||
|Vending
machine sales|||11,886|243|
|Fundraising|||6,380|227|
|Cafe - rental income|||6,140|10,000|
|Venue agreement
—Cowork local Town Square|||||
|Spaces|||5,000||
|Clothing sales|||8852|2759|
||||38,258|13,229|
|Investment
income|||||
|Bank interest receivable||||10|
|Charitable
activities|||||
|Grants|||2,261|14,640|
|Activities
and associated||mcome|387,070|288,378|
|Letting fees|||59,391|44,873|
|Partnemhip
working|||~57513|~51 700|
||||506,235|399,591|
|Total incoming
resources|||586,909|453,331|
|EXPENDITURE|||||
|Other trading
activities|||||
|Fundraismg
costs|||789|14|
|Vending
machine costs
Clothing
purchases|||8,621
5,989|1,196
~2762|
||||15,399|3,972|
|Charitable
activities|||||
|Employment
costs|||340,450|304,858|
|Establishment
costs|||43,761|40,233|
|Repairs, maintenance|and|cleaning|37,909|31,661|
|Oflice expenses|||8,575|3,911|
|Printing,
postage
&stationery|||2,953|2,015|
|Other direct costs|||10,291|10,141|
|Gymnastics
administration||software|9,335|6,475|
|Carried forward|||453,274|399,294|
##
||||2023f|2022f|
|---|---|---|---|---|
|Charitable
activities|||||
|Brought forward|||453,274|399,294|
|COVID-19 specific costs|||26|1,194|
|Travel and subsistence|||2,031|1,399|
|Major Music project costs||||3,458|
|Bank charges|||1,180|838|
|Fixed asset depreciation|||77,254|78,755|
|Competition
costs|||6,190|2,267|
|Loss on disposal of tangible||fixed assets||431|
||||539,955|487,636|
|Supportcosts|||||
|Management|||||
|Legal and professional|fees||4,676|5,400|
|Subscriptions|||12|123|
||||4,688|5,523|
|Finance|||||
|Bank loan interest|||12,612|9,820|
|Governance
costs|||||
|Independent
examination||fee|3804|3,804|
|Total resources expended|||576,458|~510755|
|Net income/(expenditure)|||~10 451|~57,424)|
##
##
##
##