| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 29 November 2025 |
| for |
| Cardiff Central Youth Club Ltd |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 29 November 2025 |
| for |
| Cardiff Central Youth Club Ltd |
| Cardiff Central Youth Club Ltd |
| Contents of the Financial Statements |
| for the Year Ended 29 November 2025 |
| Page |
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 14 |
| Cardiff Central Youth Club Ltd (Registered number: 07667261) |
| Report of the Trustees |
| for the Year Ended 29 November 2025 |
| 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 29 November 2025. 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). |
| Objectives and activities |
| Objectives and aims |
| The charity is governed by its Articles of Association. |
| Significant activities |
| The charity's purpose is to: |
| -Provide facilities for the local community to participate in amateur sports and leisure activities. |
| -Provide sports activities in a safe, clean and supervised environment. |
| Public benefit |
| We follow the Charities Commission guidance on public benefit and the charging of fees with our objects. |
| The charity provides gymnastics and other physical recreation facilities for the benefit of young people in Cardiff and the surrounding areas. |
| Gymnastics requires specialist equipment and high ratios of qualified coaches to gymnasts to meet requirements of the Governing Body. The charity will always need to charge fees for the use of the facilities. However, we constantly review our fee structures and spending to ensure that activities are as affordable as possible. |
| The charity provides gymnastics training with British Gymnastics and Welsh Gymnastics qualified coaches. We offer opportunities for young people to participate at all levels of gymnastics. We also host competitions. |
| The gymnastics facilities are open seven days a week, offering a variety of activities to suit all ages and abilities. These include but are not exclusive of; |
| Parent and toddler play gymnastics sessions |
| Structured tiny tumblers gymnastics session |
| Pay as you go recreational gymnastics sessions |
| Recreation gymnastics courses |
| Girls Novice Squad |
| Girls Advanced Squad |
| Girls Elite Squad |
| Boys Novice Squad |
| Boys Advanced Squad |
| Boys Elite Squad |
| Teen Gym |
| Adult recreation sessions |
| We aim to introduce young people to the rewards of living a healthy, physical lifestyle. We teach the importance of regular exercise, healthy food choices and aspire to inspire young people to enjoy a healthy lifestyle. |
| Cardiff Central Youth Club Ltd (Registered number: 07667261) |
| Report of the Trustees |
| for the Year Ended 29 November 2025 |
| Achievements and performance |
| Charitable activities |
| The cost of running a large gymnastic facility, ensuring that it is staffed and equipped to the national governing standards to meet safety and welfare needs is always high. This is reflected in the accounts again this year. Staffing is the main cost, although continually ensuring sufficient coaching resources at scale remains a significant challenge. There has been an increased focus on staff development with investment in further training so more staff can coach at a higher level. |
| There has also been further investment in health and safety and external consultants are to be engaged to support best practice in health and safety as well as improved staff management. This is a primary concern to trustees who recognise the particular risks attached to the sport of gymnastics in relation to safeguarding and wellbeing which is high profile especially in relation to women's gymnastics. Finding and retaining enough trustees to robustly govern the club is challenging |
| The club has continued to benefit from the support of the Cardiff City Council and has remained in dialogue with respect to the negotiation of the lease on a peppercorn rent. Heads of terms are agreed. It is hoped that the lease will be resolved shortly, and the Club has appointed solicitors to help with the completion of this. |
| Reserves have increased this year and will be a continuing focus going forward. |
| Investment performance |
| This year the Charity has consolidated its costs to provide its purpose. |
| Financial review |
| Financial position |
| The charity made a surplus of £33,309 (2023/24: deficit of £13,964). The total unrestricted net assets stand at £60,703 (2023/24: £27,394). |
| Income increased to £447,165 (2023/24: £406,378). |
| Income has increased this year and costs have been controlled well. This is reflected in the increase in the surplus. The strategies that were put in place in the previous year have paid off and the club continues to work hard to build on this going forward. |
| The average monthly number of staff employed by the club were 25 (2024/25: 25). |
| Reserves policy |
| The Trustees have recognised an amount should be retained in unrestricted reserves to continue with the current activities of the charity in the event of a decrease in income. This amount is not committed or invested in tangible fixed assets ('the free reserves'). Reserves are needed to bridge the gap between the spending and receiving of resources to cover unplanned emergency repair and other expenditure. |
| The Trustees consider the ideal level of free reserves should be £160,000. This is calculated as the amount needed for 3 to 6 months budgeted expenditure. |
| However, as of 29 November 2025, the level of free reserves stood at £54,175 (2023/24: £16,483). Our aim over the longer term is to increase the amount held in reserves. |
| Structure, governance and management |
| Governing document |
| The organisation is a charitable company limited by guarantee. It was incorporated on the 13th June 2011 and registered as a charity on the 1st December 2012. The company was formed under a memorandum of association. The memorandum of association sets out the objectives, governance and powers of the charitable company. |
| Recruitment and appointment of new trustees |
| Currently there are three trustees, and the club is always looking for suitable additional trustees for the Board. However, recruiting trustees with the right blend of skills and objectivity as well as willingness to accept the risks of a gymnastics club is difficult. Recruitment is ongoing. |
| Cardiff Central Youth Club Ltd (Registered number: 07667261) |
| Report of the Trustees |
| for the Year Ended 29 November 2025 |
| Structure, governance and management |
| Organisational structure |
| The Club Manager who as the Club's senior officer reports to the Board and takes direction and supervision. The Manager is assisted by key staff who also provide coaching. |
| Decision making |
| The Trustees are responsible for the strategy, management and day to day running of the Charity. They formulate the Charity's strategy and policy framework and oversee the smooth running of the club. The Board of Trustees meets regularly to discuss the charity's financial performance and strategic planning. Minutes are kept of all meetings. The Board of Trustees makes decisions that affect the strategic direction and approve substantial financial commitments. Each Trustee has one vote, and decisions are made when there is a majority. |
| There have been no significant changes in policy during the year. |
| Wider network |
| The club is affiliated to Welsh Gymnastics and British Gymnastics and follows the policies of these governing bodies with regards to health and safety, safeguarding, anti-doping, conduct and equality. |
| Risk management |
| The trustees have a duty to identify and review the risks to which the Club is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
| Reference and administrative details |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| BYB Accountancy Ltd |
| Incorporated Financial Accountants |
| 39 Cardiff Road |
| Llandaff |
| Cardiff |
| South Glamorgan |
| CF5 2DP |
| Approved by order of the board of trustees on |
| Cardiff Central Youth Club Ltd (Registered number: 07667261) |
| Report of the Trustees |
| for the Year Ended 29 November 2025 |
| Independent Examiner's Report to the Trustees of |
| Cardiff Central Youth Club Ltd |
| Independent examiner's report to the trustees of Cardiff Central Youth Club Ltd ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 November 2025. |
| 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 |
| Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies. |
| 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. |
| Gary Butt FMAAT |
| The Association of Accounting Technicians |
| BYB Accountancy Ltd |
| Incorporated Financial Accountants |
| 39 Cardiff Road |
| Llandaff |
| Cardiff |
| South Glamorgan |
| CF5 2DP |
| 27 August 2026 |
| Cardiff Central Youth Club Ltd |
| Statement of Financial Activities |
| for the Year Ended 29 November 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| Income and endowments from |
| Recreation and other leisure facilites |
| Other trading activities | 2 |
| Investment income | 3 |
| Total |
| Expenditure on |
| Raising funds |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Reconciliation of funds |
| Total funds brought forward |
| Total funds carried forward | 27,394 |
| Cardiff Central Youth Club Ltd (Registered number: 07667261) |
| Balance Sheet |
| 29 November 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 8 |
| Current assets |
| Stocks | 9 |
| Debtors | 10 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 11 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | ( |
) |
| NET ASSETS |
| Funds | 13 |
| Unrestricted funds | 27,394 |
| Total funds | 27,394 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2025 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. |
| Cardiff Central Youth Club Ltd (Registered number: 07667261) |
| Balance Sheet - continued |
| 29 November 2025 |
| 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 |
| Cardiff Central Youth Club Ltd |
| Notes to the Financial Statements |
| for the Year Ended 29 November 2025 |
| 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. |
| 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. |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| 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. |
| Cardiff Central Youth Club Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2025 |
| 2. | OTHER TRADING ACTIVITIES |
| 2025 | 2024 |
| £ | £ |
| Parent & toddler drop in | 54,538 | 62,192 |
| Facilities hire | 48,103 | 43,571 |
| Café income | 49,186 | 55,531 |
| In house competition fees | 14,506 | 14,124 |
| 3. | INVESTMENT INCOME |
| 2025 | 2024 |
| £ | £ |
| Bank interest received | 316 | 2,545 |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Auditors' remuneration for non audit work | 2,400 | 4,180 |
| Depreciation - owned assets |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| The remuneration benefits paid during the year to trustees, who were also directors, totals £32,527 (2024: £10,444) |
| The remuneration was for Michael Higgins who is employed as the head boys coach for charity, and Lisa Harvey. They were not paid to be trustees of the charity. |
| This remuneration is made by way of provision in the Charity's governing documents. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 29 November 2025 nor for the year ended 29 November 2024. |
| 6. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 2025 | 2024 |
| Management and coaching staff |
| Cardiff Central Youth Club Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2025 |
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| Income and endowments from |
| Recreation and other leisure facilites |
| Other trading activities |
| Investment income |
| Total |
| Expenditure on |
| Raising funds |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Reconciliation of funds |
| Total funds brought forward |
| Total funds carried forward | 27,394 |
| 8. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 30 November 2024 and 29 November 2025 |
| Depreciation |
| At 30 November 2024 |
| Charge for year |
| At 29 November 2025 |
| Net book value |
| At 29 November 2025 |
| At 29 November 2024 |
| Cardiff Central Youth Club Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2025 |
| 9. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 12) |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 12. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year on demand: |
| Bank loans |
| Amounts falling between one and two years: |
| Bank loans - 1-2 years |
| 13. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 30.11.24 | in funds | 29.11.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 27,394 | 33,309 | 60,703 |
| TOTAL FUNDS | 33,309 | 60,703 |
| Cardiff Central Youth Club Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2025 |
| 13. | MOVEMENT IN FUNDS - continued |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 447,165 | (413,856 | ) | 33,309 |
| TOTAL FUNDS | ( |
) | 33,309 |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 30.11.23 | in funds | 29.11.24 |
| £ | £ | £ |
| Unrestricted fund | 41,358 | (13,964 | ) | 27,394 |
| TOTAL FUNDS | 41,358 | (13,964 | ) | 27,394 |
| Comparative net movement in funds included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted fund | 406,377 | (420,341 | ) | (13,964 | ) |
| TOTAL FUNDS | 406,377 | (420,341 | ) | (13,964 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| At | movement | At |
| 30.11.23 | in funds | 29.11.25 |
| £ | £ | £ |
| Unrestricted fund | 41,358 | 19,345 | 60,703 |
| TOTAL FUNDS | 41,358 | 19,345 | 60,703 |
| Cardiff Central Youth Club Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2025 |
| 13. | MOVEMENT IN FUNDS - continued |
| Net movement in funds included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted fund | 853,542 | (834,197 | ) | 19,345 |
| TOTAL FUNDS | 853,542 | (834,197 | ) | 19,345 |
| 14. | RELATED PARTY DISCLOSURES |