RECISTERED CHARITY NUMBER: 512720 REPORT OF THE TRUSTEES AND UNAUDITF.D FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR CYCA-CONNECTING YOUTH CHILDREN & ADULTS Charles & Co Chartered Cerlified Accountants 3 Murray Sireel Llanelli Cannartheiishire SA15 IAQ
CYCA-CONNECTING YOUTH CHILDRENI & ADULTS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statemenl Notes to the Fin8nci21 Statements 7 10 13 Detailed St8lemenl of Financial Activities 14
CYCA-CONIYECTING YOUTH CHILDREN & ADULTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Iru5tees present Ilieir report with the financial statemeiits of the charity for the year ended 31 Marcli 2025. Tlie Ii'ustees have adopted ilie provisions of Accounting and Reporting by Chariiies: Statement of Recoinmended Practice applie&ble to charities preparin¥ tlieir accounls in accordance with Ihe Financial Reporting Standai'd applicable in the UK and Republic of Ireland (FRS 102) (effective l Jaiiuary 2019). STRUCTURE, GOVERNANCE AiYD MANAGEMENT Governing (Jocument Tlie charity is controlled by its governing docunient, a deed of trust and conslilutes an unincorporated charily. REFERENCE AND ADMINISTRATIVE DETAILS Registered Cliarity number 512720 Principal address Unil 2 Dragon 24 North Dock Llanelli Carmaithenshire SA15 2LF Trustees S R Mear.s B Leyslion Y Rodgers (resigned 15.1.25) C Rees -Secrelai'y S M Jatnes (resigned I5.1.25) B Rees-chair L Williams -vice ClIBir F Roberts -Treasurer P Jones (appointed 1.6.24) Ms A Thoii)as (appointed 1.6.24) Independent Examiner Charles & Co Chartered Cei'tified Accouiilants 3 Mui'ray Slreel Llanelli Carinartlien5hire SA15 IAQ Appi'oved by ol'der of the board of tivstees on 24 Julie 2025 and signed on ils bel)alf by.. B Rees - Tnistee Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEEI S OF CYCA-CONNECTING YOUTH CHILDREN & ADULTS Indep¢ndent examiner'5 report to Ihe trstee$ ol CYCA£onnecling Youth, Children & Adulls I I'epoi'l lo Ilie chai-ily tiijsiees on niy examination of Ihe accounts of CYCA-Coniiecling Youll), Children & Adults (the Trust) for ilie year ended 31 March 2025. Responsibilities and basis of report As the chai'ity trustees of the Tru51 you are sponSible for the preparation of the accounts in accoi-dance witli the I'equiremenls of the Charities Act 2011 ('Ihc Act,). i-eport iii iyspect of Iny examiiialioii of the Trusi's accounls Caled out under Section 145 of tlie Act aiid in cariyiiig out my exainination I liave followed all applicable Directions given by the Chai'ity Coinmissioii linder Seclion 145(5)(b) of the Act. Independent examiner's Statement Since youi. charity's gros5 iiicoille exceeded £250.000 your examiner Iniist k a meimber of a listed body. I can confii'm that l ain qualified to undertake the examination because l am a member of the Association of Chai1ered Cei'lified Accountai)ts, whicli is one of the listed bodies. I have completed niy examitiation. I confim) that no material mailer5 liave coine lo iny allention in connection with tlie exaiiiination giving Ine cause 10 believe that in any malei'ial respecl.. accounting records were not kept in respect of Ihe TrLlSt a5 required by Seciion 130 of the Act; or the accounis do not accord with those records- oi. the accolinis do not comply with Ihe applicable Yequirements coiicerning the form and content of accounts set out in the Charities (Accounts and Reporls) Regulations ?008 other Ihan any requii'eineni tliat the accounts give a Ii'ue and fair view which is not a marter considered as part of an independent examination. I liave no concems and liave come across no oiher matters in connection with the examination to which attention should be di-awn iii this I'eport in order to enable a proper understanding of the accounts to be reached. R.A. Willianis The Association of Chartered Certified Accoiiniants Charles & Co Chaitei'ed Cei'tified Accountai)1s 3 Murray Street Llanelli Cai'marihenshire SA15 IAQ 24 June 2025 Page 2
CYCA-CONNECTING YOUTH CHILDRIN & ADULTS STATEME]%T OF FINANCIAL ACTIVITIES FOR THE YEAR ETriDED 31 MARCH 2025 2025 Total futids 2024 Total runds Unrestricted fund Resli-icted funds Noles INCOME AND ENDOWMENTS FROM Donations aiid legacies 253,397 311,494 5fv1,891 451.641 Other trading activities iivestinent incoii)e 2,250 7,011 2,250 7,011 10.305 7,810 Total 262,658 311,494 574.152 469,756 EXPENDITURE ON Raising fuiids 240.059 307,858 547.917 553.587 NET INCOMEI(KXPENDITURE) 22.599 3,636 26.235 (83,831) RECONCILIATION OF FUNDS Total funds bi'oughl foi'ward 24,535 48.427 72,962 156.793 TOTAL FUNDS CARRIED FORWARD 47,134 52.063 99,197 72,962 The notes forn) part of these financial slateinents Page 3
CYCA-CONNECTING YOUTH CHILDREN & ADULTS BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Tolal funds Unreslricted fund Reslricted funds Notes FIXED ASSETS Taiigible assets 10 25.513 25,513 25,513 CURRENT ASSETS Cash at bank and iii hand 42.08 52,063 94,147 70,688 CREDITORS Aii)oiiiits falling due within one year {20.463) (20,463) (23,239) NET CURRENT ASSETS 21,621 52,063 73.684 47,449 TOTAL ASSETS LESS CURRENT LIABILITIES 47.134 52,063 99,197 72,962 NET ASSETS 47.134 52.063 99,197 72,962 FUNDS Unreslricled funds Reslricled funds 12 47,134 52,063 24,535 48,427 TOTAL FUNDS 99,197 72,962 The financial statenienls were approved by the Board of Tru51ees and authorised for issue on 24 Jiine 2025 and wei'e signed on ils behalf by.. B Rees - Ti'uslee The notes fomi part ofthese ftnancial stateinents Page 4
CYCA-CONNECTING YOUTH CHILDREN & ADULTS CASH FI.OW STATEMENT FOR THE YLAR INDED 31 MARCH 2025 2025 2024 Notes Cash tlows from operating activities Cash genei'ated from operations 23,459 (83,477) Nel cash pi'ovided byl(used iii) opei?ling actLVities 23,459 (83,477) Change iii cash and cash equivaleiils in tli¢ repoi'ting period Casli aiid eash equivglents at the begiiiiiing of the reporting period 23,459 (83,477) 70,688 154,165 Cash and cash equivalent5 at Ihe end of the reporting period 94.147 70,688 The notes forni part of these financial statements Page 5
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THF. CASII FLOW STATEMENT FOR THE YEAR LNDED 31 MARCH 2025 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING AcfiviTIES 2025 2024 Net incomel{expendilure) for the reporting period (as per the Statement of Financial Activities) Adjustment5 for: Deprecialioi) cliai'ges (Decirase)/inci'ease in creditors 26.235 {83,831) 242 112 (2.776) Net cash provided byl(u5ed ill) operations 23,459 (83,477) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow Al 31.3.25 Net Cash Cash at bank and in hand 70,688 23,459 94,147 70,688 23.459 94,147 Total 70,688 23,459 94.147 The notes form part of these financtal statemenls Page 6
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THF. FINANCIAL STATEMENTS FOR THE YEAR EYDED 31 MARCH 2025 ACCOUNTINC POLICIES Basis of preparing the finallcial statements The financial siatement5 of the charity, which is a public benefil entity under FRS 102. have been prepared iii accoi'dance with the Charities SORP (FRS 102) 'Accountin8 and Reporting by Charities.. Stateinenl of Recommended Practice applicable lo charilies preparing their accounts in accoidance with the Financial Reporlii)g Standard applicable in the UK ai)d Republic of Ireland (FRS 10?) (effective l Januai'y 2019),, Fiiiancial Repoiting Slandard 102 'The Financial Reporting Siandai'd applicable in ihe UK and Republic of Ireland. and the Charities Act 2011. The financial slateinents have been pirpai'ed under Ihe historical cost convention. Income All incoii)e is recognised in the Stalemenr of Financial Activities once the charity has entiilement lo the fiinds, it is pi'obable that ihe income will be received and Ihe amouiit can be Ineasui'ed reliably. Expenditure Liabilities are recognised as expendilure as soon as Iliere is a legal or conslructive obligation coii)mittiiig the cliarity to that cxpendilure, it is probable that a Iransfer of econoinic b¢nefiis will be required in settlement and the aniount of the obligation can b¢ measured reliably. Expenditure is accoiinied for on an accruals basis and has been classified under headings Ilial aggregate all cosl relaied to the category. Where costs cannot be directly atti'ibuted lo partiLular headings Ih¢y l)ave been allocated lo aclivilies on a basis coiisistenl with the use of resoui'ces. TaIigible fixed assels DepreLialion is provided at the following annual rates iii order to write off each asset over its esliinated useful life. Improvements to property Plant and Inachinery rixtures and fittings not provided 250/0 on reducing balance 250/0 on reducing balance Thxation The charily is exempt from tax on its charitable activiiies. Fund aeeouiiling Unrestricted funds can be 11sed in accoi'dance with the charilable objectives al ihe discretion of Ihe trustees. Resli'icled funds can oiily be used for particular restricted purposes wiihin Ilie objects of the charity. Resti'iclions arise when specified by the donor or when fiinds are raised for particular restricted puiposes. Furthei. explanation of the nature and purpose of each fund is included in the note5 to the financial slat¢ments. Hir¢ purchas¢ and leasing cornmilm¢nts Rentals paid uiider operaling leases are charged to the Statement of Financial Activilies on a slraight line basis over the period of the lease. Pension costs gnd other post-retirement benefits The chai'i¢y operates a defii)ed conlribiition pension scheme. Contributions payable lo the charity's pension schenie are Charged to the Statement of Financial Activities in the pcriod to which they i'elate. Page 7 continued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINA1CIAL STATEMENTS- continued FOR THE YEAR LNDED 31 MARCH 2025 DONATIONS AND LEGACIES 2025 2024 Donations Gi-ants Subscripiions 9,621 553,716 1.554 43,141 385,100 23,400 564.891 451,641 Gi'aii15 received. includ¢d in the above, are as follows- 2025 2024 other grants 553,716 385,100 OTHER TRADING A1VITIEs 2025 2024 Managemenr Fees 2,250 10,305 INVESTMENT INCOME 2025 2024 Rent Received 7,011 7,810 RAISIIYG FUNDS Rfiising donfilion5 and legaeles 2025 2024 Siaff costs Rent & Running Cos15 nsui'ance Telephone Poslage aiid slalionery Moniroi'ing & Evaluations Ti'aiisport. Travel & Coach Hire Repairs, Renewals & 5eciirity Fees & Training Costs Re50uI'ces Management Charges Accountancy Coiiipulei. Costs Depreciation Support costs 4?6,663 18,226 2,554 4,913 22,310 444,594 19,726 3,207 13,532 5,800 1,564 6,749 29.579 9.761 9,555 3,600 449 242 ,206 1,377 10,840 28,905 24,824 2,569 3,600 360 776 547,917 553,587 Page 8 continued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO TIIE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Fiiiance Raising donations and legacies 776 TRUSTEES, REMUNERATION AND BENEFITS There wei'e no tru51ees' remuneralion or other benefits for the year elided 31 March 2025 nor for the year ended 31 Mai'ch 2024. Trustees, expenses There weir iio trustees, expenses paid for the year ended 31 March 2025 nor for ihe yeai. ended 31 Mai'ch 2024. STAFF COSTS 2025 2024 Wages and salaries Social s¢ciirity costs Other pension costs 397.264 20.888 8,511 415,421 21,667 7,506 426.663 444,594 The average Inonlhly numbei. of employees during the year was as follows: 2025 2024 24 Staff No eniployees received emolumenls in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Reslricled fiinds Total funds INCOME AND ENDOWMENTS FROM Doiiations and legacies 159.71 291,930 451.641 oiher Irading activities InveslnieTht income 10,305 7,810 10,305 7,810 Total 177,826 291.930 469.756 EXPENDITURE ON Raisiiig funds 199,072 354,515 553,587 NET INCOMEI(EXPENDITURE) (21,246) (62,585) (83,831) RECONCILIATION OF FUNDS Total funds brought forward 45,781 111.012 156,793 continued...
CYCA-CONNECTING YOUTH CHILDREN & ADULTS NOTES TO THE FINAYCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Resti'icted fund funds Total funds TOTAL FUNDS CARRIED FORWARD 24.535 48.427 72,962 io. TANGIBLE FIXED ASSETS Improvements to property Fixtui'es aiid fittii)gs Plant and machinery Totals COST At l April 2024 and 31 March 2025 25,513 5,034 56,736 87,283 DEPRECIATION Al l Api'il 2024 aiid 31 March 2025 5.034 56.736 61,770 NET BOOK VALUE Ai 31 Marcli 2025 25,513 25,513 At 31 Mai'ch 2024 25.513 25.513 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Taxation and social security Other creditors 3,011 17,452 4,359 18,880 20.463 23,239 12. MOVEMENT IN FUNDS Nel Inoveinent in funds Ti'ansfers belween fuiids At 31.3,25 At 1.4.24 Unrestricted funds General fund 24,535 22.599 47,134 Restricted funds Jellilotz Teddi Bach Children in Need Heart of the Cotnmunity Watei'loo CYCA HWB Ffynau CYCA 3,955 13,583 2,436 4.117 1,314 16,000 7.022 6,379 1,789 (2,635) 44 (1.941) 1,708 1,628 199 2,860 627 12,042 17,000 7,021 16,000 (7,022) 48.427 3,636 52.063 TOTAL FUNDS 72,962 26.235 99,197 Page 10 continued...
CYCA-CONNEcfiNG YOUTH CHILDREN & ADULTS NOTES TO TIIE FINAYCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 12. MOVEMENT IN FUNDS- continued Net movemeiil in nds, included in the above are as follows= Incoining resources Resources expended Movenient n funds Unrestrieted funds General fuiid 262.658 (240,059) 22.599 Restri¢led funds Jellitolz Teddi Bach Childi'en in Need Heart of the Cor¢)munity Waterloo 83.935 79.969 (77.556) (78.180) {2.635) (122,546) (26,941) 6,379 1.789 (2,635) 44 (1,941) 122,590 25,000 311,494 (307,858) 3,636 TOTAL FUNDS 574.152 (547,917) 26,235 Comparative5 for movement In funds Net movement in funds At 31.3.24 Al 1.4.23 Unre5trie¢ed funds General fund 45,781 (21,246) 24,535 Restricted funds Jellitolz Teddi Bach Childi'en in Need Heart of the Community Waterloo CYCA HWB Ffynau CYCA 686 24.861 3,269 (11,278) 2.436 (56,348) (23.686) 16,000 7,022 3,955 13,583 2,436 4,117 1,314 16,000 7,022 60.465 25,000 111,012 (62,585) 48.427 TOTAL FUNDS 156.793 (83,831) 72,962 Page 11 continued...
CYCA-CONNEcfiNG YOUTH CHILDREN & ADULTS NOTES TO THE FINAYI CIAL STATEMF.NTS- conlinued FOR THE YEAR ENDED 31 MARCH 202S 12. MOVEMENT IN FUNDS- continued Coinpai'alive net Inovemenl in fiinds, included in the above are as follows- Incoining resources Resources expended Moveinenl in fiinds Unrestricted funds General fund 177,826 (199,072) (21,246) Reslricted funds Jellilotz Teddi Bach Childi'en in Need Fleart of the Community Waterloo CYCA HWB Ffynau CYCA 74.387 67,769 i o,oix) 111,075 (71 118) (79,047) (7,564) (167,4?3) (23,687) 3,269 (11,278) 2,436 (56.348) (23,686) 16,000 7,022 16,000 12.698 (5,676) 291.930 {3S4,515) (62,585) TOTAL FUNDS 469,756 (553,587) (83,831) A ¢iirrent year 12 months and prior yeai 12 months combined position is as fo51ows'. Net nioveinent in fiinds Transfers belweeii fuiids At 31.3.25 At 1.4.23 Unrestri¢t¢d funds General fund 45,781 1.353 47,134 Reslricted funds Jellitolz Teddi Bach Childi'eii in Need Heart of the Coihiiiunity Walei-loo CYCA HWB Ffynau CYCA 686 24.861 9,648 (9.489) (199) (56.304) (25.627) 16.000 7,022 1,708 1,628 199 2,860 627 12,042 17,000 60,465 25,000 7,021 16.000 (7,022) 11,012 (58,949) 52,063 TOTAL FUNDS 156.793 (57,596) 99,197 Page 12 conliiiued...
CYCA-CONNECTI,NG YOUTH CHILDREN & ADULTS NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 IMARCH 2025 12. MOVEMENT IN FUNDS- continued A CUiTent yeai. 12 months and prior year 12 months combined net movement in funds, included in the above are as follows= Incomiiig i'esources Resources expended Movement in funds Unresti'ictcd funds General fund 440,484 (439,131) ,353 Restricted funds Jellilolz Teddi Bach Children in Need Heart of the Cominunity Waterloo CYCA HWB Ffynau CYCA 158.322 147.738 10.000 233,665 25.001 16,000 12,698 (148,674) (157,227) (10,199) (289,969) (50,628) 9,648 (9,489) (199) (56,304) (25,627) 16,000 7,022 (5.676) 603,424 (662,373} (58,949) TOTAL FUNDS 1.043.908 (1.101,504) (57,596) 13. RELATED PARTY DISCLOSURES Thei'e were no related party Iransaclions for the year ended 31 March 2025. Page 13
CYCA-COiYNECTING YOUTH CHILDREN & ADULTS DETAILED STATEMENT OF FINANCIAI. ACTIVITIES FOR THE YEAR ENDED31 MARCRI 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacie5 Donations Grants Subsci'iptioi)s 9,621 553,716 1,554 43,141 385,100 23,400 564.891 451.641 Other ti'ading activities Manageimeiit Fees 2,250 10,305 Investment income Relit Received 7.011 7,810 Total incoming re50urce5 574.152 469,756 EXPENDITURE Raisin% donations aiid legacies Wages Exleriial Providers Pensions Renl & Running Costs Insui'ance Telephone Postage and stationery Moniloi'ing & Evaluations Transport, Trii vel & Coacli Hii'e Repails, Renewals & security Fees & Tiyining Costs Resoui-ces Manageinent Charges Accountancy Coinpiiter Costs Fixlui'es and fittings 397,264 20.888 8,511 18.226 2,554 4.913 22,310 415,421 21.667 7,506 19,726 3,207 4,023 13.532 5,800 1,564 6,749 29.579 9.761 9.555 3,600 449 242 1,377 10,840 28,905 24,824 2,569 3,600 360 547,141 552,381 Support C05t5 Flnanee Bank cliarges 776 1,206 Total resources expended 547,917 553,587 Net income/(expenditure) 26,235 (83.831) This page does nol forni part of the statutory financial statements Page 14