## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year 01 09 2020 **To** 31 08 2021 **From** ## Section A Reference and administration details **Charity name** **MachynllethCommunity Children’s Project Ltd** **Other names charity is known by MCCP Ltd** **Registered charity number (if any) 1043102** **Charity's principal address Ty Melfed** **Craigfryn Machynlleth Postcode SY20 8JB** ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
Eleanor Larmour Responsible Appointed 01/06/2015
1
Individual
Resigned 06/01/2021
Alex Evans Director Appointed 06/02.2019
2
Resigned 25/08/2021
3 Angela Makaruk Secretary and RI Appointed -6/02/2019
4 Iona Sawtell Treasurer & RI Appointed 13/04/2019
5 Julie Price Director Appointed 16/10/2019
6 Llinos Griffiths Director & RI Appointed 02/06/2020
7 Sarah Holtom Director Appointed 08/04/2020
Llinos Jones Director Appointed 06/11/2020
8
Resigned 28/08/2021
9 Sam Brown Director Appointed 25/08/2021
Jackie Director Appointed 25/08/2021
10
Lambourne
11
**----- End of picture text -----**
**Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **15/04/22** **TAR** 1 **Section B Structure, governance and management** ## **Description of the charity’s trusts** **The company was established under a Memorandum of** Type of governing document **Association which establishes its objectives and powers and** (eg. trust deed, constitution) **is governed under its Articles of Association. The organisation is a charitable company limited by** How the charity is constituted **guarantee, incorporated on 14th May 1992** (eg. trust, association, company) **Anyone interested in or approached about joining our board** Trustee selection methods **is made welcome to attend an initial meeting, after which** (eg. appointed by, elected by) **they are asked to confirm their interest. Pending the completion of a Trustee Members form and nomination and seconding at an Ordinary Trustee meeting, that person is then co-opted onto the board. This person is officially voted in at the following AGM. Notes from Articles of Association read: “The Board of directors may at any time co-opt any person to the Board of Directors whether or not he/she is a Member of the Company. The Directors may appoint a person who is willing to act to be a Director provided that the appointment does not cause the number of Directors to exceed any number fixed by or in accordance with the Articles as the maximum number of directors. If not re-appointed at such Annual General Meetings/he shall vacate office at the conclusion of that meeting.”** ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system - and procedures to manage them. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** **As stated in the Memorandum of association MCCP’s the objects for which the Charity is established are: 'To advance the education of children up to the age of eight years in Machynlleth and the surrounding area by promoting facilities for daily care, recreation and education of such children and by promoting good standards of child care by the parents of such children and all persons and organisations providing such facilities. Aims:-** - Provide high quality day care that enhances the development, care and education of pre-school children in a safe and **15/04/22** **TAR** 2 stimulating environment, where they learn through play in partnership with parents/ carers. - Welcome parents/carers who want to become directly involved in the activities of the provision and provide opportunities to do so. - Encourage parents/carers to understand and provide for the needs of their children. - Encourage parents/carers to provide opportunities for their - children to learn Welsh **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** ## **The Nursery, Pre-school, and Out of School Clubs** The Nursery and Out of School Club re-opened to full days on every day following the COVID-19 changes by the beginning of September 2020. Nursery returned to the normal opening hours of 8.30am – 5.30pm, with staff starting at 8.15am to set up and finishing at 5.45pm to allow for daily cleaning of equipment and resources. Out of School Club started at 8.30am but is now finishing at 5.45 to allow staff 15 minutes to clean equipment and resources before finishing -at 6pm. We have also obtained funding to employ a non-childcare cleaner for two hours daily for each setting. Numbers have continued to increase since reopening following COVID-19 in June/July ‘20, and both settings are busy and doing well. Ty Melfed numbers increased in the Foundation Phase and the places allocated from Powys County Council have exceeded our allotted 16 places. From January 2021 until July 2021 our numbers increased to 19. The 30 hour Childcare Offer continues to be used and is filling the afternoon spaces at the setting. The After School Club is quiet, with only a handful of children accessing the club after school. Holiday Play Club is well attended, but this is down to the fact that we have less spaces available due to the high numbers of 3 and 4 year olds. Workshops were reintroduced during the summer of 2021. On 28[th] July 2021 the children enjoyed a dance workshop and the following workshops are planned:cycling, arts and crafts and soap making, with more to be confirmed. There continues to be a high number of children starting at the nursery, with most days being full to 19 for the morning sessions. The numbers are increasing for afternoon sessions also. Predicted numbers for the September 2021 term look high considering the 10 children leaving nursery and transitioning to funded sessions at our Ty Melfed site or local Cylch Meithrins. There is also a healthy number of children on our waiting list. MCCP are still in discussion with Powys to be included in the plans for the new school which will hold the early years education, primary, secondary and sixth form on one site. This project has been on hold for a few months and a meeting with all parties is planned for September 2021. ## **Leadership and Management** During June 2021 the Foundation Phase leader and Deputy of MCCP resigned for personal reasons. COVID19 had proven to trustees that there was a need for a non contact manager to oversee day to day proceedings as it had been difficult for trustees to visit the settings. Although we were confident that childcare was of a good standard the financial and marketing side of the business was not as strong. We appointed a Business Manager to oversee this. The current manager also decided to step down as manager. We also appointed a new Ty Melfed Team Leader and Nursery Team Leader, who would both work in ratios so we had a senior management team. ## **Trustee Meetings** **30[th] September 2020-** New canopy had been fitted to outside **15/04/22** **TAR** 3 area of Ty Melfed.COVID19 continued to impact on child numbers although were beginning to improve, some concerns were still felt. **8[th] October 2020-** Confidential meeting of trustees was held. **4[th] November 2020** -Lone working agreements and Policy were updated as well as Home Working Policy needed.. Discussed how children's visits would be conducted in line with CV19 advice. Risk assessments were conducted and a need for a new security light on exit from Ty Melfed identified. Fundraising committee to work on new ideas for marketing.Ramp at Ty Melfed identified as need ing urgent repair and funding application successful to support this. **9[th] December 2020-** Home Working Policy approved. Introductory videos for new children were promoted. Defined budget for supervisions approved. Concerns expressed about future provision of Early Years for PCC by MCCP . MCCp were included in the Community is Everything Calendar produced for Machynlleth. Steering Committee for new build established **6[th] Jan 2021 -** Adverse Weather policy amended. Closure Plans in the event of a further lockdown were discussed and approved. Action was taken to find out more details about the new Bro Hyddgen Building and MCCP involvement. **10[th] February 2021-** MCCP have been accepted as part of Kickstart programme. New designed face masks brought for staff. One to one funding for ALN approved and advert out.New nursery lease is being dealt with by Adrian Ffoulkes on behalf of MCCP and Town Council- 99 year lease approved but old lease needs to be rewritten.. Health and Safety Audits have been undertaken at both settings, no significant findings **17[th] March 2021- Annual General Meeting by Teams video** ## **Additional details of objectives and activities (Optional information)** **11[th] March 2021- Finance meeting-** Discussed staff pay in the event of a further lockdown or positive test.Staff pay discussion and agreed to maintain staff differentlals. Fees increase discussed and approved. You **may choose** to include further statements, where relevant, about: - policy on grant-making; - policy programme related investment; - contribution made by volunteers. **17[th] March 2021-** finance meeting discussed and items approved **26[th] May 2021- Future staffing** for MCCP discussed at length following a number of meetings both formal and informal with staff during April and a staff meeting prior to this trustee meeting. **16[th] June 2021-** review of staffing and organisation structure agreed and approved by all. Job Descriptions were reorgansied under Inspection Headings in order that staff could clealry see their responsibilities in each area.A Business Manager, and new team leaders for both Ty Melfed and Nursery were interviewed and appointed. Trustees started the task of translation of MCCP poilcies into Welsh on a rotational cycle, looking for support from other agencies in this endeavour. RI’s restarted their regular visits to the settings after a prolonged absence due to CV19. Statements of Purpose have been updated to show new staffing. Finally the ramp repair was completed at Ty Melfed – after a long wait for building materials. The fence at Nursery is still under review and cordoned off for safety. **16[th] July 2021-** Both new Team leaders started full time in their roles. Quality of Care Reports were being rewritten. Trustees completed the Here and Now Tool and Skills Audit to identify needs **15/04/22** **TAR** 4 on the board. **25[th] August 2021-** Quality of Care reports and The Self Assessment of Service Statement (SASS) were completed. Machynlleth Town Council have approved and started a new 99 Nursery lease.All new staff were settling into roles well. The proposed funding for a nursery rebuild is still being processed. ## Section D Achievements and performance **Summary of the main achievements of the charity during the year** - Lockdown highlighted the difficulty for RI’s to manage the day to day operations. - Our staffing structure has changed to address this inbalance between Childcare and Business management by employing a Business Manager(BM) - Each setting has a Childcare Team leader(TL) who are supported by Room Leaders who are all designated Persons in Charge. - TY Melfed leader also has an Out of School Club leader who runs the club under her direction. - Trustees and staff meet regularly to assess and review using an annual timetable and address issues. Reports produced feed into the annual plan. Minutes of metings are shared between trustees and/or staff to ensure transfer of information. Actions are followed up . - We work collaboratively to complete and update policies and risk assessments. - Clear lines of communication are established and everyone understands who their line managers are.The Manager and Team Leaders ensure that the targets from the SDP are considered within the budget. - No trustee visits were taking place at the settings between September 2020 and April 2021 due to the pandemic but trustees continued to have meetings via video links. Since April 2021 meetings have restarted again and the R.I’s have been into the setting to observe. - A planned calendar for regular supervisions is now in operation and targets are set and reviewed for improvements for each individual.Supervisions provide an opportunity for staff to be open and honest, to discuss their strengths and develop areas of responsibility. Training needs are also identified. - We wish to promote the good qualities of the individual staff and celebrate their achievements providing opportunities for their future. **15/04/22** **TAR** 5 ## Section D Achievements and performance - RI’s complete observations of how standards are being met and make recommendations for improving the service. - The Business Manager has an open door policy supported by the Team Leaders - Any fundraising is targeted towards specific improvements - There is a safe and robust recruitment process and good contingency staffing plans and The All Wales Induction Workbooks are used with all new staff. - There are high expectations of all staff as the BM is not based only on one site and all staff are expected to be able to maintain MCCP standards, policies and procedures. - The staff in the settings are trained to, or working towards, level 3 qualification. Almost all the staff are up to date with their health and safety, manual handling, fire safety, first aid, child protection and food hygiene courses. - MCCP aims to deliver its services bi-lingually. All staff use Welsh during singing, story times and as part of the daily routine. Children are able to respond simply to what they hear in familiar circumstances. Many of the children progress to a Welsh medium school so this is a strong first step into using Welsh as part of the day. - • We are improving and developing the management and leadership of all staff at the settings and our trustee team. - Trustees have used the PAVO Trustees Skills Audit to identify gaps in our knowledge and expertise and are seeking trustees with these skills. We need to improve communication systems of the 21st Century and hope to have this in place by the Autumn Term 2021. ## **Section E Financial review** **RESERVES POLICY** In October 2020 the Trustees reviewed the restricted Funds Policy This policy explains why we hold a certain amount of our money in cash reserves, why we hold the level we hold and how this policy will be reviewed. This policy explains why we hold a certain amount of our money in cash reserves, why we hold the level we hold and how this policy will be reviewed. _**Machynlleth Community Children’s Project (MCCP) Ltd’s Reserves**_ **As a charitable company limited by guarantee, the Trustees acknowledge that each year the majority of income should be returned to the charity in terms of the services MCCP provides. However, as a sensible and professional organisation, it is important that a level of reserve is held which would be available should any unforeseen circumstance occur. MCCP is dependent on trading income and an element of grant funding, the nature of the organisation is such that it is unlikely to be able to secure any other type of funding from other sources.** _**Level of Reserves**_ **In order to minimise the risk to the organisation, the Trustees have agreed the following:** • **- to maintain a level capable of meeting a sufficient** **RESERVES POLICY Brief statement of the** In October 2020 the Trustees reviewed the restricted Funds Policy **charity’s policy on** This policy explains why we hold a certain amount of our money in **reserves** cash reserves, why we hold the level we hold and how this policy will be reviewed. **15/04/22** **TAR** 6 ## **operating reserve to meet the equivalent of three month salary costs.** - **- Current assets surplus to the agreed operating reserve, should be used for strategic purposes of MCCP in developing its services and raising its standards.** - **- at any time this policy can be reviewed should the chair of the Trustees receive official notice from either two of the Trustee Board** - **the policy should be reviewed at least every three years.** - **Machynlleth Community Children's Project Ltd hold £40107 in current assets as at 31 August 2021** ## **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. **Fees make up the majority of our income, some funding comes from childcare and foundation phase funding grants from the council and a small amount is from fundraising and donations. We seek to supplement this with further grant fundraising.** **MCCP is a charity and does not operate for a profit. It is a sustainable business that covers its overheads, payroll and running costs predominantly by fees and on going government childcare scheme grants.** **Fundraising is used to increase the budget for children’s consumables, resources for activities and workshops to maintain a quality level of service.** **We do not rely on individual grants but they are used to provide much needed infrastructure development.** **During 2020-2021 we have been also been able to secure the following funding:-** Childcare offer small grants scheme - £1984.44 (9/10/20) Powys County Council Lockdown Grant - £1000 (20/11/20) Childcare offer small grants scheme - £3532.78 (27/11/20) Early Years Development Grant (EYE only) - £3450 (18/12/20) Cwtch sustainabiltiy grant - £ 609.25 (08/03/21) Childcare offer small grants scheme - £4482.78 (16/03/21) Co-Op Local causes grant - £489.48 (22/03/21) Cwtch sustainabitly Grant - £861.36 (26/03/21) Cwtch sustainabitly Grant - £2315.28 (29/03/21) Covid responce Grant (EYE only) - £1451 (29/04/21) Childcare offer small grants scheme - £2642.98 (23/08/21) ## **Section F Other optional information** **15/04/22** **TAR** 7 **Inspections Nursery:** Pat testing: 09/03/2021 Alarm testing: 17/03/2021 Fire alarm extingusher testing: 17/09/2020 ## **Ty Melfed:** Gas inspection: 09/02/2021 PAT testing 09/03/2021 Alarms tetsing: 17/03/2021 Fire alarms testing: 30/07/2021 Fire extinguisher testing: 14/09/2020 ## **Agencies** DBS completed between 09/20 and 08/21: Kelly Watkinson - 02/10/2020 Gillian SKinner - 27/10/2020 Eleri Jones - 16/11/2020 Susan Jane White - 23/11/2020 Celly Owen (Volunteer) - 24/11/2020 Holly Davidson - 28/05/2020 Katie Clements - 14/06/2021 Julieann Evans - 22/06/2021 Llinos Griffiths (Trustee) - 01/07/2021 ## **Training Much of the planned training for staff at nursery was disrupted due to COVID pandemic –** ## **much was re-scheduled for September 2021** First Aid -Majority of Nursery Staff compteded First Aid training on 21[st] August 2021 Safeguarding - Julieann ( Team Leader) 9[th] May 2020 Manual Handling – Sharon Mason – Bank Staff - 8[th] February 2021 **Ty Melfed** First Aid – Holly Davidson ; Shoned Rees; Kelly watkinson21/08/21 Safeguarding Level 2 – Kelly Pearson 28/04/21 Safeguarding Lead level 3 – Holly Davidson– 28/06/21 Preparing for new Curriculum – Holly Davidson June 21 Supporting Childrens’s Physical development – Holly Davidson; Shoned Rees -June 21 Autism Awareness – Shoned Rees 07/07/21;Eleri Jones 16/02/21 Powys Foundation Phase Cluster – Shoned Rees; Kelly Pearson April 21 Epilepsy Awareness etc – Shoned Rees; Kelly Watkinson; Kelly Pearson ; Eleri Jones; Jane White; Louise Jones 20/04/21 ALN Inclusion Part 1 – Shoned Rees; Kelly Watkinson; Jane White; Louise Jones Part 1 – Nov 20 ALN Inclusion Part 2 – Shoned Rees; Kelly Watkinson; Jane White; Louise Jones Feb 21 Planning in the Moment – Shoned Rees; Kelly Watkinson; Jane White; Louise Jones – Jan 21 Mini Me Yoga – Shoned Rees 11/01/21 Adverse Childhood Experiences – Kelly Watkinson – 06/01/21; Eleri Jones 21/01/21 Makaton level 1 – Eleri Jones 10/03/21 Prevent Online training – Eleri Jones 24/02/21 Mini Me Yoga – Eleri Jones; Jane White ; Louise Jones11/01/21 ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s) Angela Makaruk** **15/04/22** **TAR** 8 **Position (eg Secretary, Secretary Chair, etc) Date 26/04/2022** **15/04/22** **TAR** 9 MACHYNLLETH COMMUNITY CHILDREN'S PROJEcf LTD REPORT AND FINANCIAL STATEMENTS coverin the ear ended 31st Au t 2021 MACHYNLLETH COMMuNrrY CHILDREN'S PROJEcf LTD CONTENrs Page REPORT OF THE DIRECTORS, INDEPENDENf EXAMINER'S REPORT STATEMENT OF FINANCIAL AcfIviTIES BALANCE SHEET IYOTES TO THE ACCOUNTS 8-13 MACHYNLLETH COMMUNITY CHtLDREN'S PROJECT LTD REPORT OF THE DIRECTORS, for the Year Ended 31st Au 5t 2021 The direckn present their report and financial statements for the year ended 315t AllgL￿ 2021, REFERENCE AND ADMINISTRATIVE INFORMATION Charity Iyame Ma¢hynlleth Community Children's Project Ltd Cbarity Registration Number 1043102 Company Registration Iyurnber 2714750 Registered Office and Opcrational Addre88 Machynlleth Community Children Project Lt( Ty Melfe4 craig￿ Machynlleth, Powys. SY20 8JB Dfirectors The following have served as directors during the year . Eleanor Larniour (resigll￿ 06.01.21) Alex Evans Angela Makaruk Iona Sawtell Alyson Jones (resign￿1 02.09.20) Julie Price Sarah Holtom Llinos Griffiths Llinos Joncs (ap￿Illted 04.11.20) Accountants Major and Evans, Bull House, 15 Penrallt StreeL Machynlletty Powys. SY20 SAG Banken Barclay4 26 Terrace Road, Aberystwyth, Ceredigion. SY23 2AE STRucfuRE, GOVERNANCE AIYD MANAGEMKNT The organisation is a cl]aritable company limited by guarantee. incorporated on 14th May 1992. The company was established under a Memorandum of Association wbich Cstablxshes its objects and powers and is governed under its Articles of ASs￿lation. In the event of the company being wound up members required to contribute an amount not exceeding £l. MACHYNLLKfH com￿[uNITy CHILDREN'S PROJECT LTD REPORT OF THE DIREcfoRS' for Ibe Year Ended 31st Au U5t 2021 ¢ontiDued STRUCTURE. GOVERNANCE AND MANAGEMENf (cont) Interest in MCCP Ltd directorsbip is welcomed at any time. however an active recruitment programm¢ is implemented preceding the Annual General Meeting in a variety of medi& This may include verbal discussions, notices placed locally, press releases. newsletters to memEKrs andlor via our datab￿ of local organis&tiOL8 across Bro Ddyfi. Applications are invited from all members of the community with an interest in enabling MCCP Ltd to achieve its aims and objectives. ]n line with our Equal Opportunitics Policy we appoint Directors via a fair and transparent process regardless of age. gender, social backgroun¢ abilityldisability, culture, ethnic origin 01 religious belief.* Expressions of interest in directorship are received by th¢ Ma[￿eMent Committee for consideration and are democrdtically ¢l¢cta on the basis of suitsbility to undertake the Tequired responsibilities. All DI￿torS receive an induction handbook contsiDing lat¢st accounts. Copies of minutes, governing document, Cl]xrity Conjrnission publications det￿lIng legal resp)nsibilities and other relevant informatio fln accordance with Charity L7w guidelines) OBJECTIVES AND ACTIvrfiES FOR THE PUBLIC BENEFIT These are stated in the Memorandum of Association to advat￿¢ the education of chtldr¢n up to the age of ￿tIve years in Machynlleth and surrounding area by promoting facilities for daily care, recrealion and education of such cbildw and by promoting good standards of cbild care by the parents of such children and all persons and orgatiisations providing such faGilities. In ¢xer¢ising their ￿werS the directors have o)mplied with their duty to hav¢ r¢gard to the guidance on public benefit published by the Charity Commission. FINANc￿L REVIEW The Statement of Financial Activities is sbown on page 6 to the Accounts, and shows income of £251,849 and expenditur¢ of £247.268, resultiDg in net income of £4,581 as analysed between the various funds detailed therein. All the assets &s shown in the Balance Sheet are held for the pUry￿se of the company's chaTitabl¢ objectives. After making appropriate enquiries the director5 have a reasonable expectation that the company has adequats resources to continue in operational ¢xistence for the foreseeable future. For this reason they Gontinue to adopt the going concern basis in preparing the financial statem¢nts. MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD REPORT OF THE DIREcfoRS' for the Year Ended 31st Au st 2021 eontiuued DIRECTORS, RESPONSIBILrriES Company law requires the directors to prepare financial ststements for each financial year whicb give a true and fair view of the state of the company and of the su￿lusIdefic1t of the company for that period. tn preparing these fina￿la1 staternen￿ the directors are required to select suitable a¢countin8 policies and then to apply them ¢onsistent]y; making judgements and ¢stAmates that ar¢ re&8onable and pn￿en¢ and prepare the fiDancial statements on a going concern b&sis, unless it is inappropriate to &8sume that the company will continue in business. The dire¢tor5 arc responsible for keeping proper accounting records which disc105e with reasonable accuracy at any time the financial position of the company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, and hence for tiking reasonable steps for th¢ prevention and detection of fraud and other irregularities. SMALL COMPAIYY RULFS The Gompany has taken advantage of the small companies, exemption in preparing the rep)rt bov¢. By Order of the Board Angela makan￿ (fr￿) Date INDEPEM)ENT EXATrttNER'S REPORT TO THE TRUSTEES OF MACHYNLLETH COMMUNITY CHILDREN'S PROJEcf LTD I report to the charity trustees on my examir￿tion of the accounts of the Company for the year ended 3 ISÈ August 202I. Responsibilities and Basis of Report As the chaTitys trustees of the Compaoy (and also its directors for the pU￿oseS of company law) you are responsible for tbe preparation of the accounts in accordancc with the requirements of the Companies Act 2006 (Ihe 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 examinatio￿ I report in r¢spect of my examination of your charity's accounts &s carried out ulld￿ scction 145 of the Charities Act 2011 (*be 2011 Act,). In carrytng out my ¢xamination I hav¢ followed the Directions given by the Charity Commi55ion under s¢ction 145(5) (b) of the 2011 ACL IndcpendeDt EzamiDer's Statement Since the Companys gross income exceedcd £250.000 your examiner m￿St be a member of a body listed in section 145 of thc 2011 ACL I confirm that l am qualified to undertake the examination because l an] a m¢mber of The A&sociation of CharteTed Certified Accountants, which is one of the listed bodies. I have completed my examination. I coJ]firni that no matters have come to my attention in conn¢ction with the examination giving me cause to believe: l. accounting records were not kept in of the Company &s required by section 386 of the 2006 ACL or 2. thc accounts do not accord with those records" or 3. the accounts do not comply with the accounting requirnents of s¢ction 396 of the 2006 Act other than any iequirement that the accounts give a Yrue and fair view which is not a matter considered &s part of an independent exami[￿0￿ or 4. the accounts have not prepar¢d in accordance with the meth(xls and principles of the Statement of Recommended Practice for accounting and rew)rting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢]and (FRS 102)). INDEPENDEiYf EXAMINER'S REPORT TO THE TRUSTEES OF MACHYNLLETH COlktMUNTTY CHILDRENIS PROJEcf LTD Continued I hav¢ no concerns and have Come across no other matters in connection with the examination to which attention should be drawn in this rep)rt in order to enable a prnper understanding of the accounts to be reached. R W Evans Bsc Econ(Hons), FCCA Major and Evans, Chartered Certified Accountants. Bull House. 15 Penrallt Street Machynlled Powys. STATEMENT OF FIliANCIAL ACTIVITIES indudiD IDcome and E enditure Account For the Year Ended 31st Au 8t2021 2021 2021 Note Restricted Unrestricted Fund$ Fund5 Total Funds 2021 Tolal Fundg 2020 llYCOMK Donations and Legacies Gifts and FUnd￿Lsing Grants Charitable Activities 24 30.773 5,592 5,616 31.773 1,492 59,077 214,431 29 214.431 29 151,174 80 Investment Income 30,797 221,052 251,849 211.823 EXPENDITURE Charitable Activities 46,059 201.209 247.268 199,004 46,059 201209 247268 199,004 Net Incomel(Expenditure) {15362) 19043 4.581 12,819 Reconciliation of Funds ' Total Funds Brought Forward 16,670 47.915 64,585 51,766 Total Funds Carried Forward IA08 67,758 69,166 64,585 MACHYNLLETH COMMuNrrY CHILDREN'S PROJECT Ltd BALANCE SHEET Vdt 31st Au st 2021 Notes 2021 2020 lied Assets Tangible Assets Current Assets Debtors Cash at Bank Cash in Hand 2.074 1,648 5,745 66,629 391 72,765 ii,oii 82,993 133 94,137 Creditor8 . Amounts falling due within one year 5,673 11,200 Net Current Assets 67,092 82,937 Total As$¢ts le&8 Current Liabilithes 69,166 84,585 Creditors . Amounts falling due after more than one year Total Nel Assets 20,000 69,166 64,585 Financed by . Funds - Untestri¢ted . Restricted 9(a) 67,758 1,408 69,166 47,915 16,670 64585 The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to Sm￿1 companies. The members have not required the company to obtain an audit in accordance with section 476 of the Compallies Act 2006. The directors acknowledg¢ their responsibilities for complying with the requircments of the Companies Act with respcct to accounting ttcords and the prepar&ion of accounts. These a￿oUnts bave been prepared in accordan￿ with the provisions applicabl¢ to su)all companies subject to the small compani&s r¢gime and in accordance with FRS102 SORP. N/wl2L.. Approved bythe Board of Trusteeson..... .. .. ... . ....... .. and signed on its behalf by An ela Makaruk (Tn]stee) lona SaThtrll (Tnlstec) MACHYNLLETH COMMUNITY CHtLDREIY'S PROJEcf LTD NOTES FORMIIYG PART OF THE FINANCIAL STATEMENTS for the Year EDded 31st Au st 2021 l. Aceounting Polici Yd) Ba8iB of Preparation of Financial Statements The FIr￿l¢laI Stat¢Jnents have been prepar&1 in ac￿rdanCe with Accounting and Reporting by Charities . Statement of Recomm¢nded Practice applicable to cknities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in tbe UK and Republic of Ir¢land (FRS102) (issued in October 2019 - (Cl)aTities SORTr (FRS I￿2)). tbe Financial Reporting Standard applicable in UK and Republic of Ireland (FRS102) and the Companies Act 2006. MachyDlleth Conllnunity Children's Project Ltd mcets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwis¢ stated in the relevant accounting w)licy. b) Income AJI income is recognised once the company has entitlanent to the income, it is probabl¢ that the income will be received and the amount of income receivable Gan be me&sured reIiably. Donat¢d services or facilities are recognised when the company has conttol over the item, any conditions associated with the donated it¢m have been meL the receipt of economic benefit from the use of the company of the item is probable and that economtc benefit can be measured re]iably. In acconlance with the Cl)arities SORP (FRS102), general volunteer tirne is not recognised. c) Expendithre Expenditure is recognised once there is a legal or constrnctive obllgation to transfer economic benefit to a tbird party, it is probable that a Irdnsfer of economic benefits will be required in s¢ttlement and tbe amount of the obligation can be measured reliably. Expenditure is classified by activity. MACHYNLLETH COMTrtUMTY CH￿DREL¥,s PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Ended 31st Au t 2021 Continued e) Tvdngible Fixed As8ets Expenditure on tangible fixed a&8ets is capitslised at cost. Depreciation of tangible fixed asscts is calculated to wIite off the cost less estimated residual value of each &8set over its expected useful life ￿SIng the reducing balance method &$ follow5 . Furniture. Fixtires, Fittings and Equipment 15 % pcr annum Computer Equipment 330/0 per annum L￿ebOld Iand and Buildings Over the Peri(xl of the Le￿ (Straight Lin¢ Method) fj Debtors Trade and oth¢r debtors are recognised at the sethement amount due after any trade discount offered. Prepayments are valued at the amount prcpaiil g) Creditor8 2nd Provisions Creditors and provisions ate recogDised where th¢ charity has a present obligation resulting from a past event that will probably result in the transfer of ftmds to a thitd paty and the amount due to settle the obligation can me&sur&l OT eStIn)￿ reliably. Creditors and provisions are nornjally rewgnised at their settlement amount after allowing for any trade discounts due. h) Financial Instrnments The charity only has financial &ssets and financtal liabilities of a kind that qualify as basic financial instrum¢nts. B&si¢ financial instruments are initially recogniscd at transaction value and subsequently measured at their settlement value. Pen8lOD$ The clwity contributes to employees, pension plans and the Fension charge represents the amounts payable by the c￿lty to the plans in respect of the year. j) Funds Restricted Funds tncome received from public sector kndies and others to be used in furtherance of particular aspects of the objects of the charity is separated and treated as restricted fimds. ll) Unrestricted Funds Unrestricted fimds are donations and other incoming resource8 receivable or generated for the objects of the clwity without further specified purpose and are available &$ general funds. MACHYNLLETH COMMUNITY CHILDRWS PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMEiYrs for the Yevar Ended 31st Au 5t 2021 Continlled 2021 2021 Restricted Unrestricted Funds Funds Total Funds 2021 Totsl Funds 2020 2. Charitable ActiVRtte Resources for Children Direct Mis¢¢llane0￿S ExFuses 10202 2,009 805 12211 805 2,038 417 Gross Wages Pension Costs Rent and Rates HeaL Light and Power Travelling and Entertainment Printing and Stationery Telephone and Computer Charg¢s softwa￿ Subscriptions Accountancy R¢pairs and Renewals Bad Debts SubscTiptions 26275 163.993 2,410 1,128 3,333 190268 2,502 1,128 3,333 158,098 2,061 1,095 1,511 22 1,997 1,831 4,478 1,200 12,801 3,386 2,332 1,856 1200 3,374 50 3,386 2,332 1,856 1,200 4.521 50 1.147 173 129 2.778 48 949 2,775 1,114 3,052 116 321 437 5,798 266 733 3,741 219 3.898 135 106 437 5,798 266 733 10.437 1,690 3,898 135 282 Jnswance General Expenses Cleaning Pranises Expenses Consumables HygienelDisposal Bank Charges Depreciation 6.696 1,471 176 46,059 201,209 247.268 199,004 io- MACHYNLLETH COMMill¥lTY CHILDRENIS PROJECT LTD NOTES FORTrtING PART OF THE FINANCIAL STATEMENTS for the Year Ended 3181 Au Continued st 2021 3. Fixed Assets - t￿gible ￿8¢ts Leasehold Computer& Furniture Land and and other Fixture5 Building8 Equipment and Fittings Total Cosvvaluation . at I st September 2020 Expmditure in Year 39,992 22,008 708 22,716 14,492 76,492 708 77.200 39,992 14,492 Depreciation . al I st September 2020 Amount provided in year 39,992 21.923 48 21,971 12,929 234 13,163 74.844 282 75.126 39.992 Iyet Book Value *t 31st August2021 745 lJ29 2,074 Net Book Value at 3 1st August 2020 85 1,563 1,648 4. Debtors 2021 2020 Fees Other Debtors 5745 689 10322 ii,oii 5.745 5. C&sb at B#nk 2021 2020 Current Accounts Deposit Accounts 26,522 40,107 66,629 42,916 40,077 82,993 6. Creditors . amounts falling due within one year 2021 2020 Other Creditors Bounce Back Loan Accruals 596 3.877 1,200 5,673 10,000 1.200 11,200 7. Creditors . amounts falling due after more than one year 2021 2020 Bouncr Back ￿an 20,000 MACHYNLLETH COMMUNITY CHILDRENIS PROJEcf LTD FIOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Ended 31st Au 5t 2021 Continued 8. Anaty815 of Total Iyet Assets between Funds 2021 2021 RestrACted Unrestricted FDnd8 Totsl Tangible Fixed Assets . IEasehold IAnd and Buildings . Cost Depreciation Net Book Value Computers and Other Equipment . Cost Depreciation Net Book Value Furniture, Fixtures and Fittings . Cost Depreciation Net Book VaIuc 38.192 38,192 1.800 1,800 20,711 20,655 56 2.005 1,316 689 745 6.346 5,507 839 8.146 7,656 490 1,329 895 1.179 2,074 Current Assets . Debtors and Prepayments Cash at Bank Cash in Hand 5,745 66,116 391 72,252 5,745 66,629 391 72,765 513 513 Creditor5 . - amounts fauing due within one year 5,673 5,673 Creditors . - amounts falling due after more than one year 513 66.579 67,092 Net Current Assets 513 66.579 67,092 Total Assets les5 Liabilitses 1.408 67,758 69,166 12- MACIIYNLLETH COhtfvlUNITY CHILDREN'S PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Endcd 31st All st 2021 Continued 9. Funds Balance Isl September 2020 Movement in Resources Inter Fund Balance Tr¥dDsfers 31st August 2021 Incoming Outgoing (a) UJ]restricted fund: 47,915 221,052 201,209 67,758 (b) RestrACted funds: 16,670 30.797 46.059 1,408 Tot#15 64A85 251,849 247268 69,166 13 MACHYNLLETH COMMUNITY CHILDREN'S PROJEcf LTD REPORT AND FINANCIAL STATEMENTS coverin the ear ended 31st Au t 2021 MACHYNLLETH COMMuNrrY CHILDREN'S PROJEcf LTD CONTENrs Page REPORT OF THE DIRECTORS, INDEPENDENf EXAMINER'S REPORT STATEMENT OF FINANCIAL AcfIviTIES BALANCE SHEET IYOTES TO THE ACCOUNTS 8-13 MACHYNLLETH COMMUNITY CHtLDREN'S PROJECT LTD REPORT OF THE DIRECTORS, for the Year Ended 31st Au 5t 2021 The direckn present their report and financial statements for the year ended 315t AllgL￿ 2021, REFERENCE AND ADMINISTRATIVE INFORMATION Charity Iyame Ma¢hynlleth Community Children's Project Ltd Cbarity Registration Number 1043102 Company Registration Iyurnber 2714750 Registered Office and Opcrational Addre88 Machynlleth Community Children Project Lt( Ty Melfe4 craig￿ Machynlleth, Powys. SY20 8JB Dfirectors The following have served as directors during the year . Eleanor Larniour (resigll￿ 06.01.21) Alex Evans Angela Makaruk Iona Sawtell Alyson Jones (resign￿1 02.09.20) Julie Price Sarah Holtom Llinos Griffiths Llinos Joncs (ap￿Illted 04.11.20) Accountants Major and Evans, Bull House, 15 Penrallt StreeL Machynlletty Powys. SY20 SAG Banken Barclay4 26 Terrace Road, Aberystwyth, Ceredigion. SY23 2AE STRucfuRE, GOVERNANCE AIYD MANAGEMKNT The organisation is a cl]aritable company limited by guarantee. incorporated on 14th May 1992. The company was established under a Memorandum of Association wbich Cstablxshes its objects and powers and is governed under its Articles of ASs￿lation. In the event of the company being wound up members required to contribute an amount not exceeding £l. MACHYNLLKfH com￿[uNITy CHILDREN'S PROJECT LTD REPORT OF THE DIREcfoRS' for Ibe Year Ended 31st Au U5t 2021 ¢ontiDued STRUCTURE. GOVERNANCE AND MANAGEMENf (cont) Interest in MCCP Ltd directorsbip is welcomed at any time. however an active recruitment programm¢ is implemented preceding the Annual General Meeting in a variety of medi& This may include verbal discussions, notices placed locally, press releases. newsletters to memEKrs andlor via our datab￿ of local organis&tiOL8 across Bro Ddyfi. Applications are invited from all members of the community with an interest in enabling MCCP Ltd to achieve its aims and objectives. ]n line with our Equal Opportunitics Policy we appoint Directors via a fair and transparent process regardless of age. gender, social backgroun¢ abilityldisability, culture, ethnic origin 01 religious belief.* Expressions of interest in directorship are received by th¢ Ma[￿eMent Committee for consideration and are democrdtically ¢l¢cta on the basis of suitsbility to undertake the Tequired responsibilities. All DI￿torS receive an induction handbook contsiDing lat¢st accounts. Copies of minutes, governing document, Cl]xrity Conjrnission publications det￿lIng legal resp)nsibilities and other relevant informatio fln accordance with Charity L7w guidelines) OBJECTIVES AND ACTIvrfiES FOR THE PUBLIC BENEFIT These are stated in the Memorandum of Association to advat￿¢ the education of chtldr¢n up to the age of ￿tIve years in Machynlleth and surrounding area by promoting facilities for daily care, recrealion and education of such cbildw and by promoting good standards of cbild care by the parents of such children and all persons and orgatiisations providing such faGilities. In ¢xer¢ising their ￿werS the directors have o)mplied with their duty to hav¢ r¢gard to the guidance on public benefit published by the Charity Commission. FINANc￿L REVIEW The Statement of Financial Activities is sbown on page 6 to the Accounts, and shows income of £251,849 and expenditur¢ of £247.268, resultiDg in net income of £4,581 as analysed between the various funds detailed therein. All the assets &s shown in the Balance Sheet are held for the pUry￿se of the company's chaTitabl¢ objectives. After making appropriate enquiries the director5 have a reasonable expectation that the company has adequats resources to continue in operational ¢xistence for the foreseeable future. For this reason they Gontinue to adopt the going concern basis in preparing the financial statem¢nts. MACHYNLLETH COMMUNITY CHILDREN'S PROJECT LTD REPORT OF THE DIREcfoRS' for the Year Ended 31st Au st 2021 eontiuued DIRECTORS, RESPONSIBILrriES Company law requires the directors to prepare financial ststements for each financial year whicb give a true and fair view of the state of the company and of the su￿lusIdefic1t of the company for that period. tn preparing these fina￿la1 staternen￿ the directors are required to select suitable a¢countin8 policies and then to apply them ¢onsistent]y; making judgements and ¢stAmates that ar¢ re&8onable and pn￿en¢ and prepare the fiDancial statements on a going concern b&sis, unless it is inappropriate to &8sume that the company will continue in business. The dire¢tor5 arc responsible for keeping proper accounting records which disc105e with reasonable accuracy at any time the financial position of the company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, and hence for tiking reasonable steps for th¢ prevention and detection of fraud and other irregularities. SMALL COMPAIYY RULFS The Gompany has taken advantage of the small companies, exemption in preparing the rep)rt bov¢. By Order of the Board Angela makan￿ (fr￿) Date INDEPEM)ENT EXATrttNER'S REPORT TO THE TRUSTEES OF MACHYNLLETH COMMUNITY CHILDREN'S PROJEcf LTD I report to the charity trustees on my examir￿tion of the accounts of the Company for the year ended 3 ISÈ August 202I. Responsibilities and Basis of Report As the chaTitys trustees of the Compaoy (and also its directors for the pU￿oseS of company law) you are responsible for tbe preparation of the accounts in accordancc with the requirements of the Companies Act 2006 (Ihe 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 examinatio￿ I report in r¢spect of my examination of your charity's accounts &s carried out ulld￿ scction 145 of the Charities Act 2011 (*be 2011 Act,). In carrytng out my ¢xamination I hav¢ followed the Directions given by the Charity Commi55ion under s¢ction 145(5) (b) of the 2011 ACL IndcpendeDt EzamiDer's Statement Since the Companys gross income exceedcd £250.000 your examiner m￿St be a member of a body listed in section 145 of thc 2011 ACL I confirm that l am qualified to undertake the examination because l an] a m¢mber of The A&sociation of CharteTed Certified Accountants, which is one of the listed bodies. I have completed my examination. I coJ]firni that no matters have come to my attention in conn¢ction with the examination giving me cause to believe: l. accounting records were not kept in of the Company &s required by section 386 of the 2006 ACL or 2. thc accounts do not accord with those records" or 3. the accounts do not comply with the accounting requirnents of s¢ction 396 of the 2006 Act other than any iequirement that the accounts give a Yrue and fair view which is not a matter considered &s part of an independent exami[￿0￿ or 4. the accounts have not prepar¢d in accordance with the meth(xls and principles of the Statement of Recommended Practice for accounting and rew)rting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢]and (FRS 102)). INDEPENDEiYf EXAMINER'S REPORT TO THE TRUSTEES OF MACHYNLLETH COlktMUNTTY CHILDRENIS PROJEcf LTD Continued I hav¢ no concerns and have Come across no other matters in connection with the examination to which attention should be drawn in this rep)rt in order to enable a prnper understanding of the accounts to be reached. R W Evans Bsc Econ(Hons), FCCA Major and Evans, Chartered Certified Accountants. Bull House. 15 Penrallt Street Machynlled Powys. STATEMENT OF FIliANCIAL ACTIVITIES indudiD IDcome and E enditure Account For the Year Ended 31st Au 8t2021 2021 2021 Note Restricted Unrestricted Fund$ Fund5 Total Funds 2021 Tolal Fundg 2020 llYCOMK Donations and Legacies Gifts and FUnd￿Lsing Grants Charitable Activities 24 30.773 5,592 5,616 31.773 1,492 59,077 214,431 29 214.431 29 151,174 80 Investment Income 30,797 221,052 251,849 211.823 EXPENDITURE Charitable Activities 46,059 201.209 247.268 199,004 46,059 201209 247268 199,004 Net Incomel(Expenditure) {15362) 19043 4.581 12,819 Reconciliation of Funds ' Total Funds Brought Forward 16,670 47.915 64,585 51,766 Total Funds Carried Forward IA08 67,758 69,166 64,585 MACHYNLLETH COMMuNrrY CHILDREN'S PROJECT Ltd BALANCE SHEET Vdt 31st Au st 2021 Notes 2021 2020 lied Assets Tangible Assets Current Assets Debtors Cash at Bank Cash in Hand 2.074 1,648 5,745 66,629 391 72,765 ii,oii 82,993 133 94,137 Creditor8 . Amounts falling due within one year 5,673 11,200 Net Current Assets 67,092 82,937 Total As$¢ts le&8 Current Liabilithes 69,166 84,585 Creditors . Amounts falling due after more than one year Total Nel Assets 20,000 69,166 64,585 Financed by . Funds - Untestri¢ted . Restricted 9(a) 67,758 1,408 69,166 47,915 16,670 64585 The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to Sm￿1 companies. The members have not required the company to obtain an audit in accordance with section 476 of the Compallies Act 2006. The directors acknowledg¢ their responsibilities for complying with the requircments of the Companies Act with respcct to accounting ttcords and the prepar&ion of accounts. These a￿oUnts bave been prepared in accordan￿ with the provisions applicabl¢ to su)all companies subject to the small compani&s r¢gime and in accordance with FRS102 SORP. N/wl2L.. Approved bythe Board of Trusteeson..... .. .. ... . ....... .. and signed on its behalf by An ela Makaruk (Tn]stee) lona SaThtrll (Tnlstec) MACHYNLLETH COMMUNITY CHtLDREIY'S PROJEcf LTD NOTES FORMIIYG PART OF THE FINANCIAL STATEMENTS for the Year EDded 31st Au st 2021 l. Aceounting Polici Yd) Ba8iB of Preparation of Financial Statements The FIr￿l¢laI Stat¢Jnents have been prepar&1 in ac￿rdanCe with Accounting and Reporting by Charities . Statement of Recomm¢nded Practice applicable to cknities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in tbe UK and Republic of Ir¢land (FRS102) (issued in October 2019 - (Cl)aTities SORTr (FRS I￿2)). tbe Financial Reporting Standard applicable in UK and Republic of Ireland (FRS102) and the Companies Act 2006. MachyDlleth Conllnunity Children's Project Ltd mcets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwis¢ stated in the relevant accounting w)licy. b) Income AJI income is recognised once the company has entitlanent to the income, it is probabl¢ that the income will be received and the amount of income receivable Gan be me&sured reIiably. Donat¢d services or facilities are recognised when the company has conttol over the item, any conditions associated with the donated it¢m have been meL the receipt of economic benefit from the use of the company of the item is probable and that economtc benefit can be measured re]iably. In acconlance with the Cl)arities SORP (FRS102), general volunteer tirne is not recognised. c) Expendithre Expenditure is recognised once there is a legal or constrnctive obllgation to transfer economic benefit to a tbird party, it is probable that a Irdnsfer of economic benefits will be required in s¢ttlement and tbe amount of the obligation can be measured reliably. Expenditure is classified by activity. MACHYNLLETH COMTrtUMTY CH￿DREL¥,s PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Ended 31st Au t 2021 Continued e) Tvdngible Fixed As8ets Expenditure on tangible fixed a&8ets is capitslised at cost. Depreciation of tangible fixed asscts is calculated to wIite off the cost less estimated residual value of each &8set over its expected useful life ￿SIng the reducing balance method &$ follow5 . Furniture. Fixtires, Fittings and Equipment 15 % pcr annum Computer Equipment 330/0 per annum L￿ebOld Iand and Buildings Over the Peri(xl of the Le￿ (Straight Lin¢ Method) fj Debtors Trade and oth¢r debtors are recognised at the sethement amount due after any trade discount offered. Prepayments are valued at the amount prcpaiil g) Creditor8 2nd Provisions Creditors and provisions ate recogDised where th¢ charity has a present obligation resulting from a past event that will probably result in the transfer of ftmds to a thitd paty and the amount due to settle the obligation can me&sur&l OT eStIn)￿ reliably. Creditors and provisions are nornjally rewgnised at their settlement amount after allowing for any trade discounts due. h) Financial Instrnments The charity only has financial &ssets and financtal liabilities of a kind that qualify as basic financial instrum¢nts. B&si¢ financial instruments are initially recogniscd at transaction value and subsequently measured at their settlement value. Pen8lOD$ The clwity contributes to employees, pension plans and the Fension charge represents the amounts payable by the c￿lty to the plans in respect of the year. j) Funds Restricted Funds tncome received from public sector kndies and others to be used in furtherance of particular aspects of the objects of the charity is separated and treated as restricted fimds. ll) Unrestricted Funds Unrestricted fimds are donations and other incoming resource8 receivable or generated for the objects of the clwity without further specified purpose and are available &$ general funds. MACHYNLLETH COMMUNITY CHILDRWS PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMEiYrs for the Yevar Ended 31st Au 5t 2021 Continlled 2021 2021 Restricted Unrestricted Funds Funds Total Funds 2021 Totsl Funds 2020 2. Charitable ActiVRtte Resources for Children Direct Mis¢¢llane0￿S ExFuses 10202 2,009 805 12211 805 2,038 417 Gross Wages Pension Costs Rent and Rates HeaL Light and Power Travelling and Entertainment Printing and Stationery Telephone and Computer Charg¢s softwa￿ Subscriptions Accountancy R¢pairs and Renewals Bad Debts SubscTiptions 26275 163.993 2,410 1,128 3,333 190268 2,502 1,128 3,333 158,098 2,061 1,095 1,511 22 1,997 1,831 4,478 1,200 12,801 3,386 2,332 1,856 1200 3,374 50 3,386 2,332 1,856 1,200 4.521 50 1.147 173 129 2.778 48 949 2,775 1,114 3,052 116 321 437 5,798 266 733 3,741 219 3.898 135 106 437 5,798 266 733 10.437 1,690 3,898 135 282 Jnswance General Expenses Cleaning Pranises Expenses Consumables HygienelDisposal Bank Charges Depreciation 6.696 1,471 176 46,059 201,209 247.268 199,004 io- MACHYNLLETH COMMill¥lTY CHILDRENIS PROJECT LTD NOTES FORTrtING PART OF THE FINANCIAL STATEMENTS for the Year Ended 3181 Au Continued st 2021 3. Fixed Assets - t￿gible ￿8¢ts Leasehold Computer& Furniture Land and and other Fixture5 Building8 Equipment and Fittings Total Cosvvaluation . at I st September 2020 Expmditure in Year 39,992 22,008 708 22,716 14,492 76,492 708 77.200 39,992 14,492 Depreciation . al I st September 2020 Amount provided in year 39,992 21.923 48 21,971 12,929 234 13,163 74.844 282 75.126 39.992 Iyet Book Value *t 31st August2021 745 lJ29 2,074 Net Book Value at 3 1st August 2020 85 1,563 1,648 4. Debtors 2021 2020 Fees Other Debtors 5745 689 10322 ii,oii 5.745 5. C&sb at B#nk 2021 2020 Current Accounts Deposit Accounts 26,522 40,107 66,629 42,916 40,077 82,993 6. Creditors . amounts falling due within one year 2021 2020 Other Creditors Bounce Back Loan Accruals 596 3.877 1,200 5,673 10,000 1.200 11,200 7. Creditors . amounts falling due after more than one year 2021 2020 Bouncr Back ￿an 20,000 MACHYNLLETH COMMUNITY CHILDRENIS PROJEcf LTD FIOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Ended 31st Au 5t 2021 Continued 8. Anaty815 of Total Iyet Assets between Funds 2021 2021 RestrACted Unrestricted FDnd8 Totsl Tangible Fixed Assets . IEasehold IAnd and Buildings . Cost Depreciation Net Book Value Computers and Other Equipment . Cost Depreciation Net Book Value Furniture, Fixtures and Fittings . Cost Depreciation Net Book VaIuc 38.192 38,192 1.800 1,800 20,711 20,655 56 2.005 1,316 689 745 6.346 5,507 839 8.146 7,656 490 1,329 895 1.179 2,074 Current Assets . Debtors and Prepayments Cash at Bank Cash in Hand 5,745 66,116 391 72,252 5,745 66,629 391 72,765 513 513 Creditor5 . - amounts fauing due within one year 5,673 5,673 Creditors . - amounts falling due after more than one year 513 66.579 67,092 Net Current Assets 513 66.579 67,092 Total Assets les5 Liabilitses 1.408 67,758 69,166 12- MACIIYNLLETH COhtfvlUNITY CHILDREN'S PROJECT LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the Year Endcd 31st All st 2021 Continued 9. Funds Balance Isl September 2020 Movement in Resources Inter Fund Balance Tr¥dDsfers 31st August 2021 Incoming Outgoing (a) UJ]restricted fund: 47,915 221,052 201,209 67,758 (b) RestrACted funds: 16,670 30.797 46.059 1,408 Tot#15 64A85 251,849 247268 69,166 13