## MARGAM   YOUTH   CENTRE 

## CHARITY  NUMBER  515319 

## TRUSTEES  REPORT   FOR  FINANCIAL YEAR 31[st] JULY  2022. 

We appreciate that this Financial Year 2021/22  has seen our organisation sustain itself within the Covid 19 Pandemic and being able to move forward with our programme of activities 

We acknowledge and appreciate the hard work and effort put in by all individuals connected with the Youth Centre in making Grant Applications and Contacting many Companies in Business to seek Sponsorship and Grant Donations. 

Progress has been rapid within the  Margam Youth Centre providing more Leisure and recreation activities for the Community , which has seen a New Inclusion set up for children with learning and physical difficulties to participate in sport. 

The Work which has been carried out within the Youth Centre , again a Thank you to all ,as giving up your spare time, can be precious indeed and we as Trustees Appreciate that. Nothing goes un-noticed as we look to improve the Youth Centre Facilities. 

In our next financial year we are going to have to replace the existing roof of the youth centre building thirty thousand pound project this will then bring stability to the organisation as these repairs are needed urgently to keep the building in a good condition. 

. 

The Trustee's would like to thank  everyone  Involved with Margam Youth Centre and the effort put into running the activities within the Youth Centre, without your effort it would be impossible to continue, please keep up the good work for the next financial year. 

Mr  Graham  Bowditch 

Mr  Paul Slee 

Mr George Ridgeway. 

Mr  Brian  Short 

October 30[th] 2022. 



REGISTERED CHARITY NUMBER". 515319
CHARTERED
ACCOUNIAf4T5
& BLISINESS ADVISERS
VY iui v
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
FOR
MARGAM YoiJfH CENTRE
wit￿￿>B￿d￿M&(O., HWViwhDn&Co.4ndwW&r•tr￿ryn*n￿&flV8VUTr￿thd. InEwl•M&Wa4iND 0725rth53
Rtylst•rndOffici.Wu¢dll•ld HW5e.ta5t￿W11k.N21￿hSAII aL
dtgraFrw¢O•￿lhw0￿lnthluKl￿jlw￿t1d1Qt1AwI0II￿5trn*ntbu￿nètsattfvtt￿S bvthilthMi*o0fCh¥rWedAmWartÈlnEr￿r4¥lldw¥

MARGAM YOUTH CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
Page
Report of the Trustees
1&2
Independent Examinerfs Report
Receipts & Payments Account
4&5
ststement of A55ets and Liabilitbes
Notes to the Financial Statements
7&8

MARGAM YOUTH CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2022
The trustees present their report with the financial statements of the charity for the year ended 31 July
2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial
Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered CharSty number
515319
Prindpal address
2 Heol v Gwrgan
Port Talb
West Glamorgan
SA13 2DG
Trustees
Mr George Ridgeway
Mr Graham Bowditch
Mr Brian Short
Mr Paul Slee
Independent examiner
WBV Limited
Charlered Accountants
Woodfield House
Castle Walk
Neath
West Glamor8an
SAII 3LN
STRUCTURE, GOVERNANCE AND MANAGEMENT
Go¥ernlng document
The constitution was adopted on 27 November 1977 as amended 20 December 1981, 11 April 1983 and 6
May 1984.
Margam Youth Centre was registered with the Charity Commission on 13 July 1984.
Rlsk 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.
Page J

MARGAM Yoimi CENTRE
REPORT OFTHE IRUSTEES
FOR THE YEAR ENDED 31 JULY 2012
OBJECTIVESAND AcnvmES
Objectlves and Alms
Margam Youth CentTe is njn for the benefft of thildren withln Maryam and the surroufiding areas. oiher
organlsatlons use the buildinB- coffeè mornings for old aBe pensionefS and bln80 evenlngs. The centre 15
focused on prDvidin8 football actlvltles for L￿yS and girls from ages 6 10 senior level. The artlvilies
provlded are to benetit the people IniinE in Margam.
The trustee5 have considered the facilities avallable and have pald due regard to the Ch)rity Comm155ion
advlce on pthjllc benefit when conslderfng the artivitles undertaken.
ACHIEVEMENT AND PERFORW4NCE
Charftable artl¥iiles
An overall surplus of É 10,77612021: surplusof £7.309 was 8enerntedl.
FINANaAL REVIEW
ReseThes pollty
It Is the pollcy of the tharlty to malntain unrestrlcted funds, whlch aTe the free reseNes ol the charlty.
This provide5 sufficlent funds to cover management and administration costs and to respond to emer8encv
appll¢ation5 that may arise from tlme to time.
The charity a150 malntalns designated funds to coverfutUTe unexperted expendltUTe on the Mainte￿rte
arKI ￿paIrS of the grounds, Groeswen playing flelds and dressln8 room complex.
Approved Iw orderot the board oltru51ees on /é èt&%22 and slgned on its behalf bv:
G Rldgeway
Trumee
Ib, io,l(AL
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF
MARGAM YOUTH CENTRE
We report on the accounts for the year ended 31 July 2022 set out on pages four to eight.
Respective responsSbSlltle5 of trustees and examiner
The charily's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is
not required for this period lunder Section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent
examinatlon is required.
It Is our re5pon5ibility to:
examine the accounts under Section 145 of the 2011 Act
to follow the procedure5 laid down in ihe General Directions Biven by the Charlty Commission lunder Section
14515llbl of the 2011 Act). and
to state whether p3rti¢ular matters have come to my attention.
Bas15 of the Independent e￿[ner.$ report
Our examination was ¢arrled out in accordance with the General Dlrections given by the Charlty Commlsslon. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It a150 Includes consideraiion of any unusual items or dis¢losures in the account5, and seekin8
explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the
evidence that would be reqySred in an audit, and consequently no opinlon Is given as to wheiher the accounts pie5ent
'truè and fair view, and the report is limlted to those matters set out in the statements below.
lftdependent examinerfs statement
Vour attention is drawn to the fact that the charity h35 wepare(I the accounts Ifinanaal 5taternentsl in accordance
with Accounting and Reporting by CharÈtles preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {Fj￿ 1021 in preference to the Attounting and Reporting by
Charilies.. Statement of Recommended Practice i55ued on l Awil 2005 which is referred to In the extant regulations
but has Sin￿ been with(Jrawn.
We understand th8t Ihis has been done in order for the accounts to provide a true and falr view in accordance with
the Generally A¢￿pted AccountlnB Practice effective for ￿pOrting periods beginning on or after l January 2015.
In connection with our examination, no matter has come to our attention..
which gives us reasonable cause to believe that, in any material respect, the requirèments...
to keep a¢¢ounting records in accordance with Se¢tlon 130 of the 2011 Act- and
to Prepare accounts which accord with the accountin8 records and to comply with the accounting
requirements of the 2011 Act
have not been met- or
to which in our opinlon, attention should be drawn in order to enable a proper understanding of the accounls to
be reached.
WBV Limited
Chartered Accountants
Woodfield House. Castle Walk
Neath
West Glamorgan
SAII 3LN
Page 3

MARGAM YOUTH CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022
RECEIPTS AND PAYMENTS ACCOUNT
2022
2021
RECEIPTS
Income Recei ts
Grants and Oonations:
Subscriptions and Membership Fees 15.676
Sundry Grants and Donations
29,522
6.416
39,322
45,198
45.738
Trading Activities,.
Monles Received for Football Tickets
and Hire of Buses
Canteen
5,175
9,252
1.496
14A27
1,496
Fundraising:
Special Efforts
155
155
Investment Income:
Investment Account Interest
22
84
22
84
Total Recei
59,647
47.473
Page 4

AccouKfs FOR THE
EAR ENDED 31 JULY 2022
RECEIPTS AND PAYMENTS ACCOUNT
NTINUED
Z02Z
2021
PAYMENYS
Youth Club Equlpment
6,255
21.284
15.7
1,512
725
2,762
Insurance
Waler Rate5
Tmphles and Flowers
Repairs and Renewals
Heatlns and Ll8htlng
Fffld Malntenance
Sports Equlpment
Canteen
Ttckels
Covld Supplies
Donations
Cleanlng
TeleplM)ne
Coach
223
1,214
1,499
2,967
1,211
2,672
4,938
7,031
2,545
412
117
412
S33
1.743
Total Pa
48.871
40.164
SUMMARY
Total Recelpt5
Total Payments
Net Recelpts
59.647
48M71
47,473
40,164
7.309
10.776
Bank Balances al tst August 2021:.
Current Account
Investment Account
HSBC Oesl8naied Current Actount
32,858
10,992
55,802
32,858
10.914
48.571
99,652
92,343
IION28
99,652
Bank Balances at 31st July 2012:.
Current Account
Investment Account
HS8C Designated Current account
33,937
32.858
10,992
55.802
76,491
IIOA28
99,652
Approved by the Board 0fTru￿ees on
and slgned on their behalf by:"
6c*wditch- Treasurer
G Rld8eway- Trustee
Pè8e S

MARGAM YOUTH CENTRE
STATEMENT OF ASSEfs AND LIABIUTIES AT 31ST JULY 2022
2022
20ZI
Moneta
Assets
Bank Current Account
National Savings Investment Account
33,937
32,858
10,992
Designated Current Account:
Rent
Groeswen Projert
Margam Youth Reseryes
Ray Davies Foundatlon
Interest
New Build Fund
New Roof Fund
Alex Perry Foundation
1.500
8,000
6,413
1,500
6.413
1,820
69
40,(KKJ
91
41,870
10,992
7,625
76.491
55,802
IIOA28
99,652
Liabilities
The Charity had no liabilities at 31st July 2022 other than accountancy fees of £250.
Page 6

MARGAM YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31JULY2022
ACCOUNTING POUCIES
A¢¢ountlng convention
The financial Statements have been prepared in accordance with the Charities SORP IFRS 1021 'A¢counting
and Reporting by Charitie5- 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
IFRS 1021 (effective l January 20151,, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Irelan(I' alld the Charities Act 2011.The financial statements have been
prepared on a going concern basis under the historical cost convention with the exception of investments
which are included at market value, as modified by the revaluation of certain assets.
The financial statements have been prepared to give a 'true and fair, view and have departed from the
Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair
view,. This departure has invofved following the Accounting and Reportin8 by Charities preparing thelr
accounts in accordance with ihe Firnancial Reportlng Standard applicable in the UK and Republic of Ireland
IFRS1021 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice
effective from l April 21)J5 which has since been withdrawn.
Margam Youth Centre meels the definition of 3 public enlity under FRS 102.
Incoming resourtes
All incomin8 resources are included on the Receipts and Payment account when the charitv is legal
entitled to the income and the amount can be quafitif￿d with reasonable accuracy.
Resources expended
Expenditure 15 accounted for on a receipts and payments basis and ha5 been classified under headin85 that
ggre8ate all cost related to the category. Where costs cannot be directly attributed to particubar headlngs
they have been allocated to activities on a basls consistent with the use of resources.
Tanglble fixed assets
For use by the Chartty and belonging to the General Purposes Fund:.
Burglar Alarms. Weightlifting Equipment, Refiigerator. Water Boiler. Trophy Case and other equiFMnent
valued for insurance purposes at £11,03212021: £11.032}.
The Club House Building 15 valued for insurance purposes at £136,64612021'. £136.6461.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion ol the
trustee5.
Further explanation of the nature and purpose of each fund is Included in the notes to the fina￿la1
statements.
Page 7

MARGAM YOUTH CENTRE
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
TRUSTEES REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year erided 31 July 2022 nor for the year
ended 31 July 2021.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
MOVEMENT IN FUNDS
Net
Movement in
funds
Transfers
between
funds
At
0110812021
At
3110712022
Unrestrfcted funds
General fund
Designated funds
38,669
55,801
94,470
17,7401
20,690
30,929
76A91
107N20
12,950
Restricted funds
5,182
99,652
12,1741
10.776
Total funds
IIOA28
PURPOSE OF DESIG14ATED FUNDS
The designated funds relate to future expenditure on the maintenance and repairs of the grounds.
Groe5wen playing fields and dressing room complex.
PURPOSE OF RESTRICTED FUNDS
There were no restricted funds received thi5 year.
Page 8

REGISTERED CHARITY NUMBER". 515319
CHARTERED
ACCOUNIAf4T5
& BLISINESS ADVISERS
VY iui v
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
FOR
MARGAM YoiJfH CENTRE
wit￿￿>B￿d￿M&(O., HWViwhDn&Co.4ndwW&r•tr￿ryn*n￿&flV8VUTr￿thd. InEwl•M&Wa4iND 0725rth53
Rtylst•rndOffici.Wu¢dll•ld HW5e.ta5t￿W11k.N21￿hSAII aL
dtgraFrw¢O•￿lhw0￿lnthluKl￿jlw￿t1d1Qt1AwI0II￿5trn*ntbu￿nètsattfvtt￿S bvthilthMi*o0fCh¥rWedAmWartÈlnEr￿r4¥lldw¥

MARGAM YOUTH CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
Page
Report of the Trustees
1&2
Independent Examinerfs Report
Receipts & Payments Account
4&5
ststement of A55ets and Liabilitbes
Notes to the Financial Statements
7&8

MARGAM YOUTH CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2022
The trustees present their report with the financial statements of the charity for the year ended 31 July
2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial
Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered CharSty number
515319
Prindpal address
2 Heol v Gwrgan
Port Talb
West Glamorgan
SA13 2DG
Trustees
Mr George Ridgeway
Mr Graham Bowditch
Mr Brian Short
Mr Paul Slee
Independent examiner
WBV Limited
Charlered Accountants
Woodfield House
Castle Walk
Neath
West Glamor8an
SAII 3LN
STRUCTURE, GOVERNANCE AND MANAGEMENT
Go¥ernlng document
The constitution was adopted on 27 November 1977 as amended 20 December 1981, 11 April 1983 and 6
May 1984.
Margam Youth Centre was registered with the Charity Commission on 13 July 1984.
Rlsk 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.
Page J

MARGAM Yoimi CENTRE
REPORT OFTHE IRUSTEES
FOR THE YEAR ENDED 31 JULY 2012
OBJECTIVESAND AcnvmES
Objectlves and Alms
Margam Youth CentTe is njn for the benefft of thildren withln Maryam and the surroufiding areas. oiher
organlsatlons use the buildinB- coffeè mornings for old aBe pensionefS and bln80 evenlngs. The centre 15
focused on prDvidin8 football actlvltles for L￿yS and girls from ages 6 10 senior level. The artlvilies
provlded are to benetit the people IniinE in Margam.
The trustee5 have considered the facilities avallable and have pald due regard to the Ch)rity Comm155ion
advlce on pthjllc benefit when conslderfng the artivitles undertaken.
ACHIEVEMENT AND PERFORW4NCE
Charftable artl¥iiles
An overall surplus of É 10,77612021: surplusof £7.309 was 8enerntedl.
FINANaAL REVIEW
ReseThes pollty
It Is the pollcy of the tharlty to malntain unrestrlcted funds, whlch aTe the free reseNes ol the charlty.
This provide5 sufficlent funds to cover management and administration costs and to respond to emer8encv
appll¢ation5 that may arise from tlme to time.
The charity a150 malntalns designated funds to coverfutUTe unexperted expendltUTe on the Mainte￿rte
arKI ￿paIrS of the grounds, Groeswen playing flelds and dressln8 room complex.
Approved Iw orderot the board oltru51ees on /é èt&%22 and slgned on its behalf bv:
G Rldgeway
Trumee
Ib, io,l(AL
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF
MARGAM YOUTH CENTRE
We report on the accounts for the year ended 31 July 2022 set out on pages four to eight.
Respective responsSbSlltle5 of trustees and examiner
The charily's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is
not required for this period lunder Section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent
examinatlon is required.
It Is our re5pon5ibility to:
examine the accounts under Section 145 of the 2011 Act
to follow the procedure5 laid down in ihe General Directions Biven by the Charlty Commission lunder Section
14515llbl of the 2011 Act). and
to state whether p3rti¢ular matters have come to my attention.
Bas15 of the Independent e￿[ner.$ report
Our examination was ¢arrled out in accordance with the General Dlrections given by the Charlty Commlsslon. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It a150 Includes consideraiion of any unusual items or dis¢losures in the account5, and seekin8
explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the
evidence that would be reqySred in an audit, and consequently no opinlon Is given as to wheiher the accounts pie5ent
'truè and fair view, and the report is limlted to those matters set out in the statements below.
lftdependent examinerfs statement
Vour attention is drawn to the fact that the charity h35 wepare(I the accounts Ifinanaal 5taternentsl in accordance
with Accounting and Reporting by CharÈtles preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {Fj￿ 1021 in preference to the Attounting and Reporting by
Charilies.. Statement of Recommended Practice i55ued on l Awil 2005 which is referred to In the extant regulations
but has Sin￿ been with(Jrawn.
We understand th8t Ihis has been done in order for the accounts to provide a true and falr view in accordance with
the Generally A¢￿pted AccountlnB Practice effective for ￿pOrting periods beginning on or after l January 2015.
In connection with our examination, no matter has come to our attention..
which gives us reasonable cause to believe that, in any material respect, the requirèments...
to keep a¢¢ounting records in accordance with Se¢tlon 130 of the 2011 Act- and
to Prepare accounts which accord with the accountin8 records and to comply with the accounting
requirements of the 2011 Act
have not been met- or
to which in our opinlon, attention should be drawn in order to enable a proper understanding of the accounls to
be reached.
WBV Limited
Chartered Accountants
Woodfield House. Castle Walk
Neath
West Glamorgan
SAII 3LN
Page 3

MARGAM YOUTH CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022
RECEIPTS AND PAYMENTS ACCOUNT
2022
2021
RECEIPTS
Income Recei ts
Grants and Oonations:
Subscriptions and Membership Fees 15.676
Sundry Grants and Donations
29,522
6.416
39,322
45,198
45.738
Trading Activities,.
Monles Received for Football Tickets
and Hire of Buses
Canteen
5,175
9,252
1.496
14A27
1,496
Fundraising:
Special Efforts
155
155
Investment Income:
Investment Account Interest
22
84
22
84
Total Recei
59,647
47.473
Page 4

AccouKfs FOR THE
EAR ENDED 31 JULY 2022
RECEIPTS AND PAYMENTS ACCOUNT
NTINUED
Z02Z
2021
PAYMENYS
Youth Club Equlpment
6,255
21.284
15.7
1,512
725
2,762
Insurance
Waler Rate5
Tmphles and Flowers
Repairs and Renewals
Heatlns and Ll8htlng
Fffld Malntenance
Sports Equlpment
Canteen
Ttckels
Covld Supplies
Donations
Cleanlng
TeleplM)ne
Coach
223
1,214
1,499
2,967
1,211
2,672
4,938
7,031
2,545
412
117
412
S33
1.743
Total Pa
48.871
40.164
SUMMARY
Total Recelpt5
Total Payments
Net Recelpts
59.647
48M71
47,473
40,164
7.309
10.776
Bank Balances al tst August 2021:.
Current Account
Investment Account
HSBC Oesl8naied Current Actount
32,858
10,992
55,802
32,858
10.914
48.571
99,652
92,343
IION28
99,652
Bank Balances at 31st July 2012:.
Current Account
Investment Account
HS8C Designated Current account
33,937
32.858
10,992
55.802
76,491
IIOA28
99,652
Approved by the Board 0fTru￿ees on
and slgned on their behalf by:"
6c*wditch- Treasurer
G Rld8eway- Trustee
Pè8e S

MARGAM YOUTH CENTRE
STATEMENT OF ASSEfs AND LIABIUTIES AT 31ST JULY 2022
2022
20ZI
Moneta
Assets
Bank Current Account
National Savings Investment Account
33,937
32,858
10,992
Designated Current Account:
Rent
Groeswen Projert
Margam Youth Reseryes
Ray Davies Foundatlon
Interest
New Build Fund
New Roof Fund
Alex Perry Foundation
1.500
8,000
6,413
1,500
6.413
1,820
69
40,(KKJ
91
41,870
10,992
7,625
76.491
55,802
IIOA28
99,652
Liabilities
The Charity had no liabilities at 31st July 2022 other than accountancy fees of £250.
Page 6

MARGAM YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31JULY2022
ACCOUNTING POUCIES
A¢¢ountlng convention
The financial Statements have been prepared in accordance with the Charities SORP IFRS 1021 'A¢counting
and Reporting by Charitie5- 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
IFRS 1021 (effective l January 20151,, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Irelan(I' alld the Charities Act 2011.The financial statements have been
prepared on a going concern basis under the historical cost convention with the exception of investments
which are included at market value, as modified by the revaluation of certain assets.
The financial statements have been prepared to give a 'true and fair, view and have departed from the
Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair
view,. This departure has invofved following the Accounting and Reportin8 by Charities preparing thelr
accounts in accordance with ihe Firnancial Reportlng Standard applicable in the UK and Republic of Ireland
IFRS1021 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice
effective from l April 21)J5 which has since been withdrawn.
Margam Youth Centre meels the definition of 3 public enlity under FRS 102.
Incoming resourtes
All incomin8 resources are included on the Receipts and Payment account when the charitv is legal
entitled to the income and the amount can be quafitif￿d with reasonable accuracy.
Resources expended
Expenditure 15 accounted for on a receipts and payments basis and ha5 been classified under headin85 that
ggre8ate all cost related to the category. Where costs cannot be directly attributed to particubar headlngs
they have been allocated to activities on a basls consistent with the use of resources.
Tanglble fixed assets
For use by the Chartty and belonging to the General Purposes Fund:.
Burglar Alarms. Weightlifting Equipment, Refiigerator. Water Boiler. Trophy Case and other equiFMnent
valued for insurance purposes at £11,03212021: £11.032}.
The Club House Building 15 valued for insurance purposes at £136,64612021'. £136.6461.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion ol the
trustee5.
Further explanation of the nature and purpose of each fund is Included in the notes to the fina￿la1
statements.
Page 7

MARGAM YOUTH CENTRE
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
TRUSTEES REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year erided 31 July 2022 nor for the year
ended 31 July 2021.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
MOVEMENT IN FUNDS
Net
Movement in
funds
Transfers
between
funds
At
0110812021
At
3110712022
Unrestrfcted funds
General fund
Designated funds
38,669
55,801
94,470
17,7401
20,690
30,929
76A91
107N20
12,950
Restricted funds
5,182
99,652
12,1741
10.776
Total funds
IIOA28
PURPOSE OF DESIG14ATED FUNDS
The designated funds relate to future expenditure on the maintenance and repairs of the grounds.
Groe5wen playing fields and dressing room complex.
PURPOSE OF RESTRICTED FUNDS
There were no restricted funds received thi5 year.
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