RECISTERED CHARITY NUMBER: 512720 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATF.MF.NTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CYCA-CONNECTING YO TH CHILDREN & ADULTS Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmaithenshire SA15 IAQ
CYCA-CONNECTIYG YOUTH CHILDREN & ADULTS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 PAge Report of the Trustees Independeiil Examiner's Report Statement of Finaneial Activilies Balanee Sheet Cash Floiv Statement Notes to tlie C8sh Floiv Statement Notes to the Fingncial Stalemenls 7 10 13 Detailed Statemenl of Financial Activities 14
CYCA-CONNECTING YOUTH CHILDRENI & ADULTS REPORT OF THE TRUSTEES FOR THE YEAR INDED 31 MARCH 2024 The Irustees pi-esent their report with the financial stalements of the charity for the year ended 31 March 2024. The trustees have adopted the provision5 of Accounting and Reporting by Chai'ities: Slalenient of Re¢oniinended Practice applicable to chai'ities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing do¢unient The charity is coiiirolled by ils governing docuineni. a deed of Ii'usf and constilutes an unincoipoi'aled cliarity. RF.FERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 512720 Priniipal address Unil 2 Di'agon 24 Noi'ih Dock Llaiielli Cai'iiiaithenshire SA152LF Ti'uslees S R Mears B Leyshon Y Rodgei3 C Rees S M Jaiiies B Rees L Williams F Roberts Independent Examiner Chqirles & Co Chartered Certified Accountanls 3 Mun'ay Street Llanelli Cai'marthenshire SA15 IAQ Appi'oved by order of the board of (rustees on 28 May 2024 and signed on its behalf by: Y Rodgers - Trustee Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CYCA-CONNECTING YOUTH CHILDREN & ADULTS Independeiil exaininei s reporl to the trustees of CYCA-Connecting Youth, Children & Adults I I'eport to the chai'i¢y triistees on my exaniination of the accounls of CYCA-Coiine¢liiig Youih, Children & AdLilis (tlie "rriisl} foi. the year ended 31 March 2024. Responsibilities and basis of report As th¢ chai'ily trustees of the Trust you are responsible for the preparation of the accounts in accordance witl) the requii'eiiients of the Charities Act 2011 ('Ihe Aci,). I repoi'l ii) I'espect of my examination of the Trust's accounts carried out under Section 145 of tlie Act and in carrying out my examination I have followed all applicable Dii'ectioiis given by Ilie Cliarity Coiiiniission linder Section 145(5)(b) of the Act. Independenl exaniiner's stalement Since your charity's gl'oss incoii)e exceeded £250,000 your examiner mu51 be a men)ber of a listed body. I can confiiin that l ain qualified lo uiiderlake Ihe examination because l am a nieniber of the Associalion of Chai1ered cei1ified AccoLinlanls. which is one of the lisied bodies. have completed my examination. I confini) that no material niallers have come lo my atlenlion in connection with th¢ examiiialioi) giving iiie caiise to believe that in any Inalerial respect.. accoiinting re¢oi'd5 were not kept in respect of the Trusl as required by Section 130 of rhe Acl. or the accounts do not accord with those records. or rhe accoiinls do noi comply with Ilie applicable requiremenls concerning the fomi and content of accounts Set out iii the Chai'ities (Accounts and Repoits) Regulations ?008 other than any requireinent Illal the accounts give a true und fair view which is not a mattel. considered as pait of an independent e.xaininalioii. I have no roiicerns and liave conie across no other Inatlers in connection with Ihe examination to which allenlion should be di'awn in this report in order lo enable a proper undersiandin8 of the accounls lo be reached. R.A. Williait)s The Association of ChaiteiEd Certified Accountants Chai'les & Co Chartered Certified Accountants 3 Murray Street Llanelli Cai'iiiarihenshire SA15 IAQ 28 May 2024 Page 2
CYCA-CONNECTING YOUTH CHILDREN & ADULTS STATEMF,NT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDF.D 31 MARCH 2024 2024 Total funds 2023 Total fiinds Unrestricted rund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legTacies 159.711 291,930 451.641 661,480 Oihei. ti'ading activities Investment income 10.305 7,810 10,305 7,810 16,884 33,849 Total 177,826 291,930 469.756 712,213 EXPENDITURE ON Raising fuiids 199,072 354,515 553.587 610,630 NET INCOMEI(EXPENDITURE) (21,246) (62.585) (83.831) 101,583 RECONCILIATION OF FUNDS Total funds b1ught forward 45.781 111,012 156.793 55,210 TOTAL FUNDS CARRIED FORWARD 24,535 48,427 72.962 156,793 The notes form part of these financial statements
CYCA-CONNECTING YOUTH CHILDREN & ADULTS BALANCE SHEET 31 lARCH 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fiknds Notes FIXED ASSETS Tangible assets 10 25.513 25,513 25.755 CURRENT ASSETS Casli at bank and in hand 22.261 48,427 70,688 154,165 CRF,DITORS Ainoiints talling due within one year (23.239) (23,239) (23.127) NET CURRENT ASSETS (978) 48,427 47,449 131,038 TOTAL ASSETS LESS CURRENT LIABILITIES 24.535 48,427 72,962 156,793 NET ASSETS 24.535 48,427 72,962 156,793 FUNDS Unresli'icled fiinds Resti'icted funds 12 24,535 48,427 45.781 111,012 TOTAL FUNDS 72,962 156,793 Tlie fiiiancial slaleiilenls wei'e approved by the Board of Trustees and aullioris¢d for issue on 28 May 2024 and were signed on (ts behalf by. Y Rodgers - Trustee The notes fonn part of these financial slatemenls Page 4
CYCA-CONNECTING YOUTH CHILDREN & ADULTS CASH FLOW STATEMENT FOR THE YEAR ENDED 31 IMtlRCH 2024 2024 2023 Notes Cash floivs from operating activities Cash generated fi'om operations (83,477) 105,060 Net cash (used in)Ipi'ovided by opernting activities (83,477) 105,060 Change iii cash and cash equivalents in the reporting period Casli and ca511 equivalent5 at Ihe beginning of tlie reporting period (83,477) 105,060 154,165 49,105 Cash and cash equivalents at the end of Ihe reporting period 70.688 154,165 The noles fomi part of these financial statements Page 5
CYCA-CONNECTING YOUTH CHILDREN & ADULTS iYOTF.S TO THF. CASH FLOW STATEMENT FOR TIIE YLAR ENDED 31 MARCH 2024 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 Nel (expenditurt)lincome for ¢he reporling period (as per the Statement ol Fiiianeial Activities) Adjustments f¢Jr: Depreciation chai'ges DeciEa5e in debtors Inci'easel(decrease) IT) creditors (83,831) 101.583 242 243 5,190 (1,956) 112 Net cash (used in)Iprovided by operations (83.477) 105,060 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow Al 31.3.24 N¢¢ cash Cash ai bank and in l)and 154,165 (83,477) 70.688 154.165 (83,477) 70,688 Total 154,165 (83,477) 70,688 The notes foiill part of these financial statements Page 6
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINANCIAL STATEMENTS FOR THF. YF.AR F.YDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing Ihe financial statements The financial slaleinen15 of the charity. which is a public benefit ei)tity under FRS 102, 1)ave been prepared in accordance with the Charities SORP (FRS 102) 'Accounliiig aiid Repoi1ing by Chai'itie5.' Slatemenl of Recoinniended Practice applicable to charities pi-eparing their accounls in accordance wilh the Financial Repoi'tiiig Staiidard applicable in the UK and Republic of Ireland (FRS 102) (effective l Januai'y 2019),. rinancial R¢poiting Standard 102 'The Financial Repoi'ling Stai)dai'd applicable in the UK and Republic of Irelaiid, and the Charities Act 2011. The fii)aiicial statements have beeii prepai'ed under il)e hisloi'ical cost convention. Income All iiicoine is Yecognised in the Sial¢ment of Financial Activities once the chai'ity lia5 eiilitleinent lo the funds, it is probable that the incoine will be received and the wnounl can be measured reliably. Expenditure Liabilities are recognised a5 expenditure as soon as there is a legal or constructiv¢ obligation committing ihe chai'ity to (hat expenditvre, it Is probable that a lrnnsfer of econoinic benefits will be required in settleiT]ent and the amounl of the obligation can be iiieasured reliably. Expenditure is accounted foi. on an acci'uals basis and has been classified under l)eadings Ihat aggregate all cost related to the calegoiy. Whei'e costs caniiot be diiECtIy attributed lo particular headings they have been allocated to &clivilies on a basis consistent with the use of resoiii'ces. Tangible fixed 8ssets Depreciation is provided at ihe following annual rates in order to write off each asset over its estiiiiated useful life. Impi'ovenients lo property Plant and niachinery Fi,xtui'es and fittings not provided 250/0 on reducing balance 250/0 on reducing balance Taxatlon Tl)e chai'ity is exempt from tax on its chai-ilable activities. Fund accounting Unresti'icted fuiids can be used in accordance with the charitable objectives at the discretion of the IrLlStees. Restricted funds can only be iised for particular reslricled purposes within the objects of the charity. Restriclioiis arise when specified by tlie donor or when fiinds are raised for particular restricted purposes. Fuither explanation of the nature and Plirpose of each fund is included in the notes to ihe fii)ancial stateineiits. Hire purcliase and leasing commitments Rentals paid undei. operating leases are charged to the Sialeineiil of Financial Activities on a sli'aighl liiie basis ovei. tlie period of tl)e lease. Pen51011 Costs and otlier post-retirement benefils The charity opei'ate5 a defined contribution pension scheme. Conlribiilions payable lo the charity's pension scheine are chai-ged lo the Stateinent of Financial Activities iii Ilie period lo wliich they relate. Page 7 continued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Doi)ations Graiils Subscriptions 43.141 385,100 23,400 19.328 586.216 55,936 451,641 661,480 Gi'ants I'eceived, incliided in tl)e abov¢. air as follows= 2024 2023 Otlier gi'ants 385,100 586,216 OTHER TRADING ACTIVITIES 2024 2023 Manageinenl Fees 10.305 16.884 IiYVESTMENT INCOME 2024 2023 Rent Received 7,810 33,849 RAISING FUNDS Raising donations anql le£aeles 2024 2023 Staff costs Rei)l & Running Costs Insiirance Telephone Postage and 5tatioiiery Monitoring & Evaluations Ti'ansport, Travel & CoaLh Hire Repairs, Renewals & security Fees & Training Cosls Resoui'ces Manageinent Charges Accountancy Pi'oinotioiial & Events Conipiiler Costs Depreciation Siippoi't costs 444,594 19,7?6 3,207 4.023 13,532 5,800 1,564 6.749 29,579 9,761 9,555 3,600 397,227 49.760 2.665 4,843 7.334 1,458 4.329 55,300 39,167 20,619 3.600 19,903 449 242 ,206 243 1,662 553,587 610,630 Page 8 continiied...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FIIYAIYCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 IVIARCH 2024 SUPPORT COSTS F inance Raising doTiations and legacies 1,206 TRUSTEES, REMUNERATION AND BENEFITS Thei'e wei'e no truslees, remuneration or other benefits for the year ended 31 March 2024 noi. for tlie year ended 31 Match 2023. Trustee5' expenses Tliere were no tnjstees, expenses paid for tl)e year ended 31 March 2024 nor for ihe year ended 31 March 2023. STAFF COSTS 2024 2023 Wage5 and salaries Social security COSts Olliei. pension costs 415,421 21.667 7,506 382,936 5.543 8,748 444.594 397,227 The average monthly niimber of employees during the year was as follows: 2024 2023 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund Resti'icied funds Total fuiids INCOME AND ENDOWMENTS FROM Donations and legacies 334.012 327,468 661,480 Otl)ei' trading activities Iiivestinenl incoine 16,884 33.849 16,884 33,849 Total 384,745 327,468 712,213 EXPENDITURE ON Raising funds 374.350 236,280 610,630 NET INCOME 10,395 91,188 101,583 RECONCILIATION OF FUNDS Total funds bi'ought fonvard 35,386 19,824 55,210 TOTAL FUNDS CARRIED FORWARD 45.781 11,012 156,793 Page 9 continued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 io. TANGIBLE FIXED ASSETS Iniprovemenis to Fixtlires and ritlings Planl and machinery property Totals At l Api'il 2023 and 31 March 2024 25,513 5.034 56,736 87,283 DEPRECIATION Al l Apri12023 Cliai'ge toi. yeai. 5,034 56,494 242 61,528 242 At 31 Mai'cli 2024 5.034 56.736 61,770 NET BOOK VALUE Al 31 Mai'ch ?0?4 25.513 25,513 At 31 March 2023 25,513 242 25,755 CREDITORS: AMOUiYTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social secui'ity Oihei. creditoi 4,359 18,880 4,697 18,430 23,239 23,127 12. MOVEMENT IN FUNDS Net nioven)enl in fund5 At 31.3.24 Ai 1.4.23 Unrestricted (unds General fund 45,781 (21,246) 24,535 Restricted funds Jellitolz Teddi Bacli Childi'en in Need Heai-l of Ille Conimuilily Waterloo CYCA HWB Ffynaii CYCA 686 24,861 3,269 (11,278) 3,955 13,583 2,436 4,117 1,314 16.000 7.022 60,465 25.000 (56,348) (23,686) 16.000 7,022 111,012 (62.585) 48,427 TOTAL FUNDS 156,793 (83,831) 72,962 Page 10 contiiiued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINAh'CIAL STATEMENTS - ¢onlinued FOR THE YEAR Eh'DED 31 ARCH 2024 12. MOVEMENT IN FUNDS - conlinued Net moveinent in funds, included in the above are as follows: Incoining resoui'ces Resoui'ces expended Moveiii¢nt in funds Uiii'estri¢ted fuiids General fuiid 177.826 (199,072) (21,246) Restricted funds Jellitotz Teddi Bacli Children in Need Heal1 of the Coinmunity Walei'loo CYCA FIWB Ffynaii CYCA 74.387 67,769 10,000 11,075 (71,118) (79.047) (7,564) (167,423) (23,687) 3,269 (11,278) 2,436 (56,348) (23,686) 16,000 7,022 16.000 12,698 (5.676) 291,930 (354,515) (62.585) TOTAL FUNDS 469,756 (553.587) (83,831) Coinparatives for movement in fund5 Net moveit)eni in funds At 31.3.23 Ai 1.4.22 Unrestricted (und5 Geiieral fuiid 35,386 10,395 45.781 Restricted funds Jellilotz Teddi Bach Children in Need Heai-l of the Conimunity Waterloo 1.959 10,557 7,308 (1,273) 14,304 (7,308) 60,465 25,000 686 24,861 60,465 25,000 19,824 91,188 11.012 TOTAL FUNDS 55.210 101,583 156,793 Pagell continued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINANCIAL STATF.MENTS - continued FOR THE YEAR ENDCD 31 i¥qAKCH 2024 12. MOVEMENT IN FUNDS- continued Coinpai'alive net movenient in funds. included in the above are as follows.. iicoming reSoue5 Resources expended Moveineiit in fiinds Unrestricted funds General fund 384,745 (374,350) 10,395 Reslj'icted (unds Jellilotz Teddi Bach Cliildi'en in Need Heart of Ilie Coiiimunily Waterloo 53,712 98,058 (54,985) (83.754) (7,308) (90.233) (1.273) 14,304 (7,308) 60,465 25.000 150,698 ?5.000 327,468 (236,280) 91,188 TOTAL FUNDS 712.213 (610,630) 101,583 A cui'rent year 12 months aiid prior year 12 monil)s coinbii)ed position is as follows.. Net Inovement ii) funds At 31.3.24 At 1.4.22 Unrestricted funds General fiind 35.386 (10,851) 24,535 Resti'icted fuiids 1,959 10,557 7,308 1.996 3.0?6 (4.872) 4,117 1,314 16,000 7,022 3,955 13,583 2,436 4,117 1,314 16.000 7,022 Teddi Bach Childi'en iii Need leart of tlie Coinmunity Watei'loo CYCA HWB Ffynaii CYCA 19.824 28,603 48,427 TOTAL FUNDS 55,210 17,752 72,962 Paoe 12 continued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINANCIAI. STATEMENTS - continued FOR THE YEAR Ef*DED 31 MARCH 2024 12. MOVEMENT IN FUNDS - conlinued A curreiil yeai- 12 months and prior year 12 Tnonths combined net movement in funds, included in the above are s follows-. Incoining re50UI'CeS Resoui'ces expeiided Moveinent in funds Unrestricted funds General fuiid 562,571 (573,422) (10,851) Re%trieted funds Jellitotz Teddi Bach Children in Need Heart of the Coinmunity Walerloo CYCA HWB Ffynau CYCA 128,099 165,827 i 0.000 261,773 25,001 16.000 12,698 (126.103) (162,801) (14.872) (257,656) (23.687) 1.996 3,026 (4.872) 4,117 1.314 16,000 7,022 (5.676) 619.398 (590,795) 28,603 TOTAL FUNDS 1,181,969 (1,164,217) 17.752 13. RELATED PARTY DISCLOSURES There were iio I'elated party transactions for the year ended 31 March 2024. Page 13
CYCA-CONNECTING YOUTH CHILDREN & ADULTS DETAILED STATENIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARLH 2U24 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Subs¢riptions 43,141 185,100 23,400 19,328 5%6,216 55,936 451,641 661,480 Other trading activities Managemeiit Fees 10.305 16,884 Investmen¢ income Rei)t Received 7.810 33.849 Tolal incoming resources 469.756 712.213 EXPENDITURE RaisiN% donations and legheles Wages Extei'nal PIDviders Pensions Rent &, Ruiiiiing Cosls Insiirance Telephoiie Postage and stationery Moniloi'ing & Evalualions Ti'anspoit, Ti'avel & Coach Hire Repaii's. ReneiYa15 & seciii'ity Fee5 & I"raining Costs Resources Maiiageinent Charges A¢¢ouiilancy Pi'omolional & Evenls Compulei. Costs Fixtures and fittings 415.421 21,067 7,506 19,726 3,207 4,023 13,532 5,800 1.564 6,749 29,579 9,761 9,555 3,600 382,936 5,543 8.748 49,760 2,665 4,843 7.334 1.458 4,329 55,300 39,167 20,619 3,600 19,903 2,520 243 449 242 552,381 608,968 Support costs Mxnmgement Iiiipaiiii)ent losses for tangible fixed assets Finxnce Bank Charges 1,206 1,543 Total i-esoiii-ce5 expended 553,587 610,630 Iyet (expenditure)liiicome (83.831) 101,583 This page doe5 not fonn pail of the statutory financial sts]tenients Page 14