IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true false true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062478222023-03-31062478222024-03-31062478222023-04-012024-03-31062478222022-03-31062478222022-04-012023-03-31062478222023-03-3106247822ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3106247822ns15:PoundSterling2023-04-012024-03-3106247822ns11:FRS1022023-04-012024-03-3106247822ns11:IndependentExaminationCharity2023-04-012024-03-3106247822ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106247822ns11:FullAccounts2023-04-012024-03-3106247822ns11:CharitiesSORP2023-04-012024-03-310624782222023-04-012024-03-3106247822ns16:EnglandWales2023-04-012024-03-3106247822ns11:RegisteredOffice2023-04-012024-03-3106247822ns0:Trustee12023-04-012024-03-3106247822ns0:Trustee32023-04-012024-03-3106247822ns0:Trustee22023-04-012024-03-3106247822ns0:Trustee42023-04-012024-03-3106247822ns11:CompanySecretary12023-04-012024-03-3106247822ns0:TotalUnrestrictedFunds2023-04-012024-03-3106247822ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3106247822ns0:Activity82023-04-012024-03-3106247822ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-3106247822ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3106247822ns0:Activity82022-04-012023-03-3106247822ns0:TotalUnrestrictedFunds2023-03-3106247822ns0:TotalRestrictedIncomeFunds2023-03-3106247822ns0:TotalUnrestrictedFunds2024-03-3106247822ns0:TotalRestrictedIncomeFunds2024-03-3106247822ns10:WithinOneYear2024-03-3106247822ns10:WithinOneYear2023-03-3106247822ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-04-012024-03-3106247822ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-012024-03-3106247822ns10:ComputerEquipment2023-04-012024-03-310624782222023-04-012024-03-310624782232023-04-012024-03-310624782212023-04-012024-03-310624782212022-04-012023-03-3106247822ns10:OwnedAssets2023-04-012024-03-3106247822ns10:OwnedAssets2022-04-012023-03-3106247822ns0:TotalUnrestrictedFunds2022-04-012023-03-3106247822ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3106247822ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-3106247822ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3106247822ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-3106247822ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-3106247822ns10:ComputerEquipment2023-03-3106247822ns10:LandBuildingsns10:OwnedOrFreeholdAssets2024-03-3106247822ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-03-3106247822ns10:ComputerEquipment2024-03-3106247822ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-3106247822ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-3106247822ns10:ComputerEquipment2023-03-3106247822ns10:BetweenOneFiveYears2024-03-3106247822ns10:BetweenOneFiveYears2023-03-3106247822ns10:AllPeriods2024-03-3106247822ns10:AllPeriods2023-03-31
REGISTERED COMPANY NUMBER: 06247822 (England and Wales)
REGISTERED CHARITY NUMBER: 1123339














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KPC YOUTH & COMMUNITY

KPC YOUTH & COMMUNITY






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 20

KPC YOUTH & COMMUNITY (REGISTERED NUMBER: 06247822)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019).

The trustee report includes the directors' report as required by company law.

OBJECTIVES AND ACTIVITIES
Objectives and aims
KPC Youth was set up in 1998 in answer to the lack of facilities for young people within the socially disadvantaged Cynffig Community of South Wales.

KPC's objectives are:

- to help and educate young people through leisure time activities so that they may develop their physical, mental and spiritual capacities, that they may grow to full maturity as individuals and members of society and so that their conditions of life may be improved.

- to advance the education of young people within the Cynffig and wider area of the Borough of Bridgend and surrounds, in particular but not exclusively, through the provision of training

- to promote, preserve and protect the health and relieve the needs of young people by the provision of such support as the directors may from time to time determine.

- the prevention of youth crime, drug and alcohol misuse, within the Cynffig area and wider area of the borough of Bridgend and surrounds, by the provision of a wide range of diversionary activities, advice, information and support for young people.

- to develop the capacity and skills of the members of the socially and economically disadvantaged community of Cynffig and wider area of the Borough of Bridgend and surrounds, in such a way they are better able to identify, and help meet, their needs and to participate more fully society though training and support.

Public benefit
The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with s17 Charities Act 2011 in respect of having due regard to public benefit when considering, planning and implementing the activities of the charity.

FINANCIAL REVIEW
Financial position
During the year, KPC suffered a deficit of £24,739 (2023: Surplus £9,502). The trustees and staff are aware of this situation and every attempt will be made to reverse the position in future years through sourcing new income and careful cost control.

All expenditure has however supported the organisations key objectives.

Total incoming resources for the year were £69,355 (2023: £107,681).

As 2024/25 begins, the charity still faces the challenge of sourcing income to enable the continued delivery of open access youth work and to cover overheads. This remains a significant test for the charity.

Investment policy and objectives
The Board regards secure investment of the reserves as being of primary importance rather than the level of the income generated from them. No one facility holds more than £85,000 which is within the guaranteed banking secured values.


KPC YOUTH & COMMUNITY (REGISTERED NUMBER: 06247822)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


FINANCIAL REVIEW
Reserves policy
The investments and net current assets of £157,352 (2023: £184,569) currently cover the running expenses of £94,094 (2023: £98,179) by approximately 19.7 months (2023: 22.6 months).

With the current level of reserves, it is not anticipated that the charity will breach the charity's reserve policy of holding at least 6 months expenditure in cash or cash equivalents in the short term but income and expenditure will have to be closely monitored. The trustees are addressing the challenges that face the charity and are working to determine the future strategic direction.

During 2024, 6 months expenditure equates to £47,047. Free Reserves as at 31st March 2024 were £155,296. Cash and cash equivalents as at 31st March 2024 are £25,199.

FUTURE PLANS
The landscape of funding has changed considerably, with less funding available and more competition in applications. As the cost-of-living challenge continues, we can see that this continues to impact our fundraising activities. KPC board is continuing to explore options such as the Shared Prosperity Fund and opportunities for better collaboration with other partners or organisations. Once again, the board has another challenging year ahead.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company is governed by its memorandum and articles od association dated 13th March 2007 as amended on 14th January 2008 and 2nd December 2014.

Recruitment and appointment of new trustees
Three members of the board of directors shall be subject to election or re-election at the Annual General Meeting of the charity. Training is provided to each director as part of an initial induction and, if felt necessary, on an ad hoc basis during their time as directors of the charity.

Decision making
The charity is organised and policy implemented through the board of directors who meet, at least, quarterly. The project manager and senior youth workers attend the executive management meetings to represent the employees' views, in relation to the charity's progress, to the board.

Election of The Board
Three members of the board of directors shall be subject to election or re-election at the Annual General Meeting of the charity. Training is provided to each director as part of an initial induction and, if felt necessary, on an ad hoc basis during their time as directors of the charity.

Risk 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.

The charity has designed a series of policies in order to ensure all risks are addressed and operations managed in an efficient manner. There is a rolling programme of review of these policies to ensure that they are all maintained in-line with current operations and regularly reviewed in light of the changing operational and statutory environment.

Environment
The board of directors and employees of KPC Youth, endeavour to reduce the impact of the operation upon the environment and policies have been drawn up to achieve this.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06247822 (England and Wales)


KPC YOUTH & COMMUNITY (REGISTERED NUMBER: 06247822)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024

Registered Charity number
1123339

Registered office
Off Pyle Inn Way
Pyle
Bridgend
CF33 6AB

Trustees
P E Lunnon - Chair
R G Wallen
E P Williams
A Hughes

Sharon Palmer - Day to day operations manager

Company Secretary
E P Williams

Independent Examiner
RICHARD IAN KNOYLE ACA FCCA
Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

Approved by order of the board of trustees on 9 September 2024 and signed on its behalf by:





P E Lunnon - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KPC YOUTH & COMMUNITY

Independent examiner's report to the trustees of KPC Youth & Community ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








RICHARD IAN KNOYLE ACA FCCA

Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

19 September 2024

KPC YOUTH & COMMUNITY

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 15,617 17,148 32,765 77,337

Other trading activities 3 17,039 - 17,039 14,417
Investment income 4 2,961 - 2,961 1,321
Other income 16,590 - 16,590 14,606
Total 52,207 17,148 69,355 107,681

EXPENDITURE ON
Raising funds 5,399 3,300 8,699 6,049

Charitable activities
Youth & Community Activities 60,756 24,639 85,395 92,130
Total 66,155 27,939 94,094 98,179

NET INCOME/(EXPENDITURE) (13,948 ) (10,791 ) (24,739 ) 9,502
Transfers between funds 16 14,367 (14,367 ) - -
Net movement in funds 419 (25,158 ) (24,739 ) 9,502

RECONCILIATION OF FUNDS
Total funds brought forward 258,496 48,756 307,252 297,750

TOTAL FUNDS CARRIED FORWARD 258,915 23,598 282,513 307,252

KPC YOUTH & COMMUNITY (REGISTERED NUMBER: 06247822)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 10 125,161 122,683

CURRENT ASSETS
Stocks 11 506 -
Debtors 12 5,977 7,084
Cash at bank and in hand 155,895 192,164
162,378 199,248

CREDITORS
Amounts falling due within one year 13 (5,026 ) (14,679 )

NET CURRENT ASSETS 157,352 184,569

TOTAL ASSETS LESS CURRENT
LIABILITIES

282,513

307,252

NET ASSETS 282,513 307,252
FUNDS 16
Unrestricted funds 258,915 258,496
Restricted funds 23,598 48,756
TOTAL FUNDS 282,513 307,252

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


KPC YOUTH & COMMUNITY (REGISTERED NUMBER: 06247822)

BALANCE SHEET - continued
31 MARCH 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2024 and were signed on its behalf by:





P E Lunnon - Trustee





E P Williams - Trustee

KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
There are no material uncertainties about the charity's ability to continue. The trustees have considered the anticipated income and their expected costs for the forthcoming twelve months and are confident they have sufficient cashflow reserves to meet all liabilities as they fall due.

For this reason, the trustees continue to adopt the going concern basis for preparing the financial
statements.

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Buildings - 10% on cost and 2% on cost
Outdoor equipment - 5% on cost
Computers, furniture & equipment - 20% on cost and 10% on cost

Tangible fixed assets are included in the balance sheet at historic cost less accumulated depreciation. Grant receipts which fund fixed asset acquisitions are taken to restricted funds and the appropriate depreciation charge is made against those funds over the expected useful life of the asset.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Legal form
The organisation is a company, registered in England & Wales, limited by guarantee and a registered charity.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 8,292 8,533
Grants 24,473 68,804
32,765 77,337

Grants received, included in the above, are as follows:

2024 2023
£    £   
Street Games - 10,000
Bridgend County Borough Council 4,039 22,398
Cornelly Community Council - 7,023
Council for Wales of Voluntary Youth Services 5,714 4,151
BAVO 600 1,100
Boys & Girls Club - 500
Moondance Foundation - 23,632
Neighbourly - Warm Hub 8,060 -
Pyle Community Council 6,060 -
24,473 68,804


KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Fundraising events 1,542 1,034
Café & charity shop income 8,547 6,520
Memberships 6,950 6,863
17,039 14,417

4. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 2,961 1,321

5. SUPPORT COSTS
Governance
Finance Other costs Totals
£    £    £    £   
Youth & Community Activities 261 5,400 4,500 10,161

Support costs, included in the above, are as follows:
2024 2023
Youth &
Community Total
Activities activities
£    £   
Bank charges 261 273
Insurance 4,976 4,119
Software and printing costs 424 498
Independent examiners fees 1,500 1,300
Bookkeeping fees 3,000 1,040
10,161 7,230

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 6,512 12,163
Independent examiners fee 1,500 1,300


KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


8. STAFF COSTS
2024 2023
£    £   
Wages and salaries 47,272 53,790
Other pension costs 387 514
47,659 54,304

The average monthly number of employees during the year was as follows:

2024 2023
Conducting activities 7 6
Support staff 1 1
Management & administration 1 1
9 8

No employees received emoluments in excess of £60,000.

The key management personnel of the charity comprise the Centre Manager, Chair and Company Secretary.The total employee benefits of the key personnel of the charity were £14,516 (2023: £12,494).

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 8,533 68,804 77,337

Other trading activities 14,417 - 14,417
Investment income 1,321 - 1,321
Other income 14,026 580 14,606
Total 38,297 69,384 107,681

EXPENDITURE ON
Raising funds 6,049 - 6,049

Charitable activities
Youth & Community Activities 53,397 38,733 92,130
Total 59,446 38,733 98,179

NET INCOME/(EXPENDITURE) (21,149 ) 30,651 9,502

KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   
Transfers between funds 398 (398 ) -
Net movement in funds (20,751 ) 30,253 9,502

RECONCILIATION OF FUNDS
Total funds brought forward 279,247 18,503 297,750

TOTAL FUNDS CARRIED FORWARD 258,496 48,756 307,252

10. TANGIBLE FIXED ASSETS
Computers,
Outdoor furniture
Buildings equipment & equipment Totals
£    £    £    £   
COST
At 1 April 2023 128,749 122,265 16,664 267,678
Additions - 8,990 - 8,990
At 31 March 2024 128,749 131,255 16,664 276,668
DEPRECIATION
At 1 April 2023 35,192 102,663 7,140 144,995
Charge for year 2,575 1,895 2,042 6,512
At 31 March 2024 37,767 104,558 9,182 151,507
NET BOOK VALUE
At 31 March 2024 90,982 26,697 7,482 125,161
At 31 March 2023 93,557 19,602 9,524 122,683

In addition to the assets disclosed above, KPC Youth own land via a restricted covenant with Bridgend County Borough Council. The covenant requires any proceeds received from the future sale of this land to be paid back to Bridgend County Borough Council or reinvested in a new premises at the discretion of Bridgend County Borough council. This land was purchased at a nominal value of £1.

11. STOCKS
2024 2023
£    £   
Stocks 506 -


KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,500
Other debtors 5,977 3,584
5,977 7,084

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 221 615
Net pay creditor 914 -
Pension creditor - 51
Sundry creditors 749 -
Accruals and deferred income 3,142 14,013
5,026 14,679

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
£    £   
Within one year 2,706 2,706
Between one and five years 3,964 6,671
6,670 9,377

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS


Unrestricted Restricted 2024Total 2023Total
Funds Funds Funds Funds
£    £    £    £   
Fixed Assets 103,619 21,542 125,161 122,681
Net Current Assets 155,296 2,056 157,352 184,571

258,915 23,598 282,513 307,252


KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/23 in funds funds 31/3/24
£    £    £    £   
Unrestricted funds
General fund 149,717 (13,948 ) 19,527 155,296
Designated Fixed Assets 108,779 - (5,160 ) 103,619
258,496 (13,948 ) 14,367 258,915
Restricted funds
Winter of Wellbeing 313 (313 ) - -
YSG Day Emotional Wellbeing 968 (968 ) - -
YSG Evening Emotional Wellbeing 191 (191 ) - -
Capital Grant - Play Park 7,250 - (7,250 ) -
Bridgend County Borough Council
(Business Finance Support)

2,500

600

(3,100

)

-
Bridgend County Borough Council (Third
Sector Support)

-

3,439

(3,439

)

-
Restricted Fixed Assets 13,902 - 7,640 21,542
Moondance Foundation 23,632 (21,269 ) (2,363 ) -
Neighbourly - Warm Hub Fund - 2,862 (806 ) 2,056
Voluntary Youth Support Scheme - 5,049 (5,049 ) -
48,756 (10,791 ) (14,367 ) 23,598
TOTAL FUNDS 307,252 (24,739 ) - 282,513

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 52,207 (66,155 ) (13,948 )

Restricted funds
Winter of Wellbeing - (313 ) (313 )
YSG Day Emotional Wellbeing - (968 ) (968 )
YSG Evening Emotional Wellbeing - (191 ) (191 )
Bridgend County Borough Council
(Business Finance Support)

600

-

600
Bridgend County Borough Council (Third
Sector Support)

3,439

-

3,439
Moondance Foundation - (21,269 ) (21,269 )
Neighbourly - Warm Hub Fund 8,060 (5,198 ) 2,862
Voluntary Youth Support Scheme 5,049 - 5,049
17,148 (27,939 ) (10,791 )
TOTAL FUNDS 69,355 (94,094 ) (24,739 )


KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
£    £    £    £   
Unrestricted funds
General fund 279,247 (21,149 ) (108,381 ) 149,717
Designated Fixed Assets - - 108,779 108,779
279,247 (21,149 ) 398 258,496
Restricted funds
Winter of Wellbeing 1,244 (931 ) - 313
YSG Day Emotional Wellbeing 2,802 (1,834 ) - 968
YSG Evening Emotional Wellbeing 2,907 (2,716 ) - 191
Capital Grant - Computers & Music 1,489 - (1,489 ) -
Capital Grant - Cafe 2,811 - (2,811 ) -
Capital Grant - Play Park 7,250 - - 7,250
Street Games - Capital Grant (Gym
equipment)

-

10,000

(10,000

)

-
Bridgend County Borough Council
(Business Finance Support)

-

2,500

-

2,500
Restricted Fixed Assets - - 13,902 13,902
Moondance Foundation - 23,632 - 23,632
18,503 30,651 (398 ) 48,756
TOTAL FUNDS 297,750 9,502 - 307,252

KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 38,297 (59,446 ) (21,149 )

Restricted funds
Winter of Wellbeing 1 (932 ) (931 )
YSG Day Emotional Wellbeing 580 (2,414 ) (1,834 )
YSG Evening Emotional Wellbeing 4,321 (7,037 ) (2,716 )
Street Games - Capital Grant (Gym
equipment)

10,000

-

10,000
Bridgend County Borough Council
(Service Support)

6,400

(6,400

)

-
Bridgend County Borough Council
(Business Finance Support)

11,028

(8,528

)

2,500
Bridgend County Borough Council (Third
Sector Support)

3,000

(3,000

)

-
Summer of Fun (CYWVS) 4,151 (4,151 ) -
Summer of Fun (BCBC) 1,970 (1,970 ) -
Summer of Fun (Cornelly Community
Council)

2,701

(2,701

)

-
BAVO - Site trip fund 600 (600 ) -
BAVO - Football Event Fund 500 (500 ) -
Warm Bank Fund 500 (500 ) -
Moondance Foundation 23,632 - 23,632
69,384 (38,733 ) 30,651
TOTAL FUNDS 107,681 (98,179 ) 9,502

KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/24
£    £    £    £   
Unrestricted funds
General fund 279,247 (35,097 ) (88,854 ) 155,296
Designated Fixed Assets - - 103,619 103,619
279,247 (35,097 ) 14,765 258,915
Restricted funds
Winter of Wellbeing 1,244 (1,244 ) - -
YSG Day Emotional Wellbeing 2,802 (2,802 ) - -
YSG Evening Emotional Wellbeing 2,907 (2,907 ) - -
Capital Grant - Computers & Music 1,489 - (1,489 ) -
Capital Grant - Cafe 2,811 - (2,811 ) -
Capital Grant - Play Park 7,250 - (7,250 ) -
Street Games - Capital Grant (Gym
equipment)

-

10,000

(10,000

)

-
Bridgend County Borough Council
(Business Finance Support)

-

3,100

(3,100

)

-
Bridgend County Borough Council (Third
Sector Support)

-

3,439

(3,439

)

-
Restricted Fixed Assets - - 21,542 21,542
Moondance Foundation - 2,363 (2,363 ) -
Neighbourly - Warm Hub Fund - 2,862 (806 ) 2,056
Voluntary Youth Support Scheme - 5,049 (5,049 ) -
18,503 19,860 (14,765 ) 23,598
TOTAL FUNDS 297,750 (15,237 ) - 282,513

KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 90,504 (125,601 ) (35,097 )

Restricted funds
Winter of Wellbeing 1 (1,245 ) (1,244 )
YSG Day Emotional Wellbeing 580 (3,382 ) (2,802 )
YSG Evening Emotional Wellbeing 4,321 (7,228 ) (2,907 )
Street Games - Capital Grant (Gym
equipment)

10,000

-

10,000
Bridgend County Borough Council
(Service Support)

6,400

(6,400

)

-
Bridgend County Borough Council
(Business Finance Support)

11,628

(8,528

)

3,100
Bridgend County Borough Council (Third
Sector Support)

6,439

(3,000

)

3,439
Summer of Fun (CYWVS) 4,151 (4,151 ) -
Summer of Fun (BCBC) 1,970 (1,970 ) -
Summer of Fun (Cornelly Community
Council)

2,701

(2,701

)

-
BAVO - Site trip fund 600 (600 ) -
BAVO - Football Event Fund 500 (500 ) -
Warm Bank Fund 500 (500 ) -
Moondance Foundation 23,632 (21,269 ) 2,363
Neighbourly - Warm Hub Fund 8,060 (5,198 ) 2,862
Voluntary Youth Support Scheme 5,049 - 5,049
86,532 (66,672 ) 19,860
TOTAL FUNDS 177,036 (192,273 ) (15,237 )

Restricted funds
Restricted funds represent balances held to fund future projects where the resources have been received and are required by the donors to fund a specific project.

Transfers between funds
Transfers between funds arise where unrestricted funds have been used to fund shortfalls in restricted projects. The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and are available with the approval of the trustees to fund any expenditure on projects or expenses which fall within the organisations general aims and objectives. They are accumulated in accordance with the reserve policy as stated in the Trustee Report.

Activities undertaken within each major restricted fund
The restricted funds of the charity have been applied during the year or are held for future expenditure in the following area:

Winter of Wellbeing
Support of wellbeing/mental health of young people.

YSG Day Emotional Wellbeing
Support of wellbeing/mental health of young people.

KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued


YSG Evening Emotional Wellbeing
Support of wellbeing/mental health of young people.

Capital Grant - Play Park
Improving facilities at KPC Youth & community centre.

Bridgend County Borough Council (Business Finance Support)
This was covid support funding to help support the costs of the centre through the pandemic.

Bridgend County Borough Council (Third Sector Grant)
Support of wellbeing/mental health of young people.

Moondance Foundation
This was to fund a senior and youth worker salary cost.

Neighbourly - Warm Hub Fund
This is part of the National Grids Community Matters Fund, and was to fund warm packs for distribution in the community.

Voluntary Youth Support Scheme
This was to contribute to the core costs of the organisation to enable the continued provision of youth work opportunities.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

18. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Board of Trustees.

The liability of the members is limited to £1 during membership, or within one year after resignation, as may be required on the occasion of a winding up of the company. There were 4 members at 31st March 2024 (2023: 4 members).

19. GIFTS IN KIND

Volunteer time
The value of volunteer time is not quantified in terms of money but the time contributed by volunteers is an invaluable resource in terms of the outstanding contribution made by them. The number of hours contributed by volunteers in the year was 1,132 (2023:1,300).


KPC YOUTH & COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

20. ANALYSIS OF DESIGNATED FUNDS

Designated funds represents the amounts set aside to write down the remaining net book value of fixed assets held against unrestricted funds.

2024 2023
£    £   

Designated funds - unamortised fixed assets 103,619 108,779