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 2025

FOR

KPC YOUTH & COMMUNITY

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

19

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 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).

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 made a small surplus of £5,881 (2024:Deficit £24,739). The trustees and staff are remain aware of this situation and every attempt will be made to increase this surplus further in future years through sourcing new income and careful cost control.

All expenditure has however supported the organizations key objectives.

Total incoming resources for the year were £87,747 (2024: £69,355).

As 2025/26 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.

Reserves policy

The investments and net current assets of £169,197 (2024: £157,352) currently cover the running expenses of £81,866 (2024: £94,094) by approximately 24.8 months (2024: 19.7 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 2025, 6 months expenditure equates to £40,933. Free Reserves as at 31st March 2025 were £133,633. Cash and cash equivalents as at 31st March 2025 are £43,540.

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)

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 (to 20.09.24)

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 11 November 2025 and signed on its behalf by:

P E Lunnon - Trustee

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 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

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

11 November 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

5,025

47,030

52,055

32,765

Other trading activities

3

16,727

-

16,727

17,039

Investment income

4

3,072

-

3,072

2,961

Other income

15,893

-

15,893

16,590

Total

40,717

47,030

87,747

69,355

EXPENDITURE ON

Raising funds

6,374

-

6,374

8,699

Charitable activities

Youth & Community Activities

68,203

7,289

75,492

85,395

Total

74,577

7,289

81,866

94,094

NET INCOME/(EXPENDITURE)

(33,860

)

39,741

5,881

(24,739

)

Transfers between funds

16

7,589

(7,589

)

-

-

Net movement in funds

(26,271

)

32,152

5,881

(24,739

)

RECONCILIATION OF FUNDS

Total funds brought forward

258,915

23,598

282,513

307,252

TOTAL FUNDS CARRIED FORWARD

232,644

55,750

288,394

282,513

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

10

119,197

125,161

CURRENT ASSETS

Stocks

11

510

506

Debtors

12

4,557

5,977

Cash at bank and in hand

168,094

155,895

173,161

162,378

CREDITORS

Amounts falling due within one year

13

(3,964

)

(5,026

)

NET CURRENT ASSETS

169,197

157,352

TOTAL ASSETS LESS CURRENT LIABILITIES

288,394

282,513

NET ASSETS

288,394

282,513

FUNDS

16

Unrestricted funds

232,644

258,915

Restricted funds

55,750

23,598

TOTAL FUNDS

288,394

282,513

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 11 November 2025 and were signed on its behalf by:

P E Lunnon - Trustee

E P Williams - Trustee

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.

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

2025

2024

£

£

Donations

5,025

8,292

Grants

47,030

24,473

52,055

32,765

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

2025

2024

£

£

Bridgend County Borough Council

3,792

4,039

Council for Wales of Voluntary Youth Services

-

5,714

BAVO

-

600

Moondance Foundation

27,547

-

Neighbourly - Warm Hub

385

8,060

Pyle Community Council

-

6,060

The National Lottery Community Fund

15,306

-

47,030

24,473

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Fundraising events

695

1,542

Café & charity shop income

7,249

8,547

Memberships

8,783

6,950

16,727

17,039

4.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

3,072

2,961

5.	SUPPORT COSTS

Governance

Finance

Other

costs

Totals

£

£

£

£

Youth & Community Activities

333

5,216

4,870

10,419

Support costs, included in the above, are as follows:

2025

2024

Youth &

Community

Total

Activities

activities

£

£

Bank charges

333

261

Insurance

4,768

4,976

Software and printing costs

448

424

Independent examiners fees

2,120

1,500

Consultancy fees

1,750

-

Bookkeeping fees

1,000

3,000

10,419

10,161

6.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

5,964

6,512

Independent examiners fee

2,120

1,500

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8.	STAFF COSTS

2025

2024

£

£

Wages and salaries

39,639

47,272

Other pension costs

178

387

39,817

47,659

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

2025

2024

Conducting activities

7

7

Support staff

1

1

Management & administration

1

1

9

9

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 £5,850 (2024: £14,516).

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

15,617

17,148

32,765

Other trading activities

17,039

-

17,039

Investment income

2,961

-

2,961

Other income

16,590

-

16,590

Total

52,207

17,148

69,355

EXPENDITURE ON

Raising funds

5,399

3,300

8,699

Charitable activities

Youth & Community Activities

60,756

24,639

85,395

Total

66,155

27,939

94,094

NET INCOME/(EXPENDITURE)

(13,948

)

(10,791

)

(24,739

)

Transfers between funds

14,367

(14,367

)

-

Net movement in funds

419

(25,158

)

(24,739

)

RECONCILIATION OF FUNDS

Total funds brought forward

258,496

48,756

307,252

TOTAL FUNDS CARRIED FORWARD

258,915

23,598

282,513

10.	TANGIBLE FIXED ASSETS

Computers,

Outdoor

furniture

Buildings

equipment

& equipment

Totals

£

£

£

£

COST

At 1 April 2024 and 31 March 2025

128,749

131,255

16,664

276,668

DEPRECIATION

At 1 April 2024

37,767

104,558

9,182

151,507

Charge for year

2,575

1,493

1,896

5,964

At 31 March 2025

40,342

106,051

11,078

157,471

NET BOOK VALUE

At 31 March 2025

88,407

25,204

5,586

119,197

At 31 March 2024

90,982

26,697

7,482

125,161

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

2025

2024

£

£

Stocks

510

506

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,557

5,977

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

-

221

Net pay creditor

215

914

Pension creditor

7

-

Sundry creditors

-

749

Accruals and deferred income

3,742

3,142

3,964

5,026

14.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

2,584

2,706

Between one and five years

6,473

3,964

9,057

6,670

15.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted

Restricted

2025Total

2024Total

Funds

Funds

Funds

Funds

£

£

£

£

Fixed Assets

99,011

20,186

119,197

125,161

Net Current Assets

133,633

35,564

169,197

157,352

232,644

55,750

288,394

282,513

16.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1/4/24

in funds

funds

31/3/25

£

£

£

£

Unrestricted funds

General fund

155,297

(33,860

)

12,196

133,633

Designated Fixed Assets

103,618

-

(4,607

)

99,011

258,915

(33,860

)

7,589

232,644

Restricted funds

Restricted Fixed Assets

21,542

-

(1,356

)

20,186

Neighbourly - Warm Hub Fund

2,056

385

(2,441

)

-

Moondance Community Fund

-

27,547

-

27,547

Music and Drama Grant

-

8,017

-

8,017

Warm Hub Grant BCBC

-

600

(600

)

-

BCBC Youth Support

-

3,192

(3,192

)

-

23,598

39,741

(7,589

)

55,750

TOTAL FUNDS

282,513

5,881

-

288,394

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

40,717

(74,577

)

(33,860

)

Restricted funds

Neighbourly - Warm Hub Fund

385

-

385

Moondance Community Fund

27,547

-

27,547

Music and Drama Grant

15,306

(7,289

)

8,017

Warm Hub Grant BCBC

600

-

600

BCBC Youth Support

3,192

-

3,192

47,030

(7,289

)

39,741

TOTAL FUNDS

87,747

(81,866

)

5,881

Comparatives for 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