| Page | ||||
|---|---|---|---|---|
| Report ofthe Trusbnn | 1 | to | 3 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 7 | to | 14 | |
| Detailed Statement ofFinancial Activities | 15 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 5,034 | 5,034 | 2,788 | ||||
| Charitable | activities | |||||||
| Grants | 200,434 | 36,762 | 237,196 | 269,009 | ||||
| Investment | income | 16 | 16 | 103 | ||||
| Total | 205,484 | 36,762 | 242,246 | 271,900 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | |||||||
| Grants | 184,649 | 46,881 | 231,530 | 234,134 | ||||
| Net gains on investments | 53,000 | 53,000 | 24,000 | |||||
| NET INCOME/(EXPENDITURE) | 73,835 | (10,119) | 63,716 | 61,766 | ||||
| Transfers | between funds |
11 | (10,175) | 10,175 | ||||
| Net movement in funds |
63,660 | 56 | 63,716 | 61,766 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | (359,096) | 8,725 | (350,371) | (412,137) | |||
| TOTAL FUNDS CARRIED FORWARD | (295,436) | 8,781 | (286,655) | (350,371) |
| 31M | ARCH 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | f, | 8 | |||
| CURRENT ASSETS | |||||
| Debtors | 2,750 | 2,750 | 7,129 | ||
| Cash at bank and in hand | 135,596 | 8,781 | 144,377 | 128,075 | |
| 138,346 | 8,781 | 147,127 | 135,204 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
10 | (2,782) | (2,782) | (1,575) | |
| NET CURRENT ASSETS | 135,564 | 8,781 | 144,345 | 133,629 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 135,564 | 8,781 | 144,345 | 133,629 | |
| PENSION LIABILITY | 12 | (431,000) | (431,000) | (484,000) | |
| NET ASSETS/(LIABILITIES) | (295,436) | 8,781 | (286,655) | (350,371) | |
| FUNDS | |||||
| Unrestricted funds |
(295,436) | (359,096) | |||
| Restricted funds |
8,781 | 8,725 | |||
| TOTALFUNDS | (286,655) | (350,371) |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| f. | |||||||
| interest | Received | 16 | 103 | ||||
| CHARITABLE | ACTIVITIES COSTS | ||||||
| Direct | Support | ||||||
| Costs | costs | Totals | |||||
| f | f | ||||||
| Grants | 230,090 | 1,440 | 231,530 | ||||
| NET INCOME/(EXPENDITURE) | |||||||
| Net income, '(expenditure) | is stated after charging/(crediting): | ||||||
| 2022 | 2021 | ||||||
| Auditors' | remuneration | for | non audit work | 1,440 | 1,440 | ||
| Other operating | leases | 11,000 | 11,000 |
| STAFF C | OSTS | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f, | |||||
| Wages and | salaries | 135,205 | 147,274 | ||
| Social security costs | 7,335 | 8,727 | |||
| Other pension costs | 19,705 | 23,599 | |||
| 162,245 | 179,600 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 2022 | 2021 | ||||
| Charitable | Activities | 6 | 6 | ||
| Governance | 1 | 1 |
| NOTES TO THK FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
NOTES TO THK FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
NOTES TO THK FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31MARCH 2022 |
|||
|---|---|---|---|---|---|
| COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
2,788 | 2,788 | |||
| Charitable activities |
|||||
| Grants | 223,091 | 45,918 | 269,009 | ||
| Investment income |
103 | 103 | |||
| Total | 225,982 | 45,918 | 271,900 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Grants | 176,081 | 58,053 | 234,134 | ||
| Net gains on investments | 24,000 | 24,000 | |||
| NKT INCOME/(EXPENDITURE) | 73,901 | (12,135) | 61,766 | ||
| Transfers between funds |
4,810 | (4,810) | |||
| Net movement in funds |
78,711 | (16,945) | 61,766 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
(437,807) | 25,670 | (412,137) | ||
| TOTAL FUNDS CARRIED FORWARD | (359,096) | 8,725 | (350,371) | ||
| 8. | TANGIBLE FIXEDASSETS | ||||
| Fixtures | |||||
| and | |||||
| fittings | |||||
| f, | |||||
| COST | |||||
| At 1 April 2021 and 31 | March 2022 | 18,563 | |||
| DEPRECIATION | |||||
| At 1 April 2021 and 31 | March 2022 | 18,563 | |||
| NET BOOK VALUE | |||||
| At 31March 2022 | |||||
| At 31March 2021 |
| 9. | DEBTORS: | A | MOUNT | S PALL | ING DUE WITHIN ONE Y | EAR | ||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Trade debtors | 2,750 | 7,129 | ||||||
| 10. | CREDITORS: AMOUNTS FALLING DUE~ONE | YEAR | ||||||
| 2022 | 2021 | |||||||
| f, | ||||||||
| Trade creditors | 2,782 | 1,575 | ||||||
| 11. | MOVEMENT | IN FUNDS | ||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||||
| I | f, | |||||||
| Unrestricted | funds | |||||||
| General fund | 124,904 | 20,835 | (40,175) | 105,564 | ||||
| Pension Fund | (484,000) | 53,000 | (431,000) | |||||
| Development(Designated) | Fund | 30,000 | 30,000 | |||||
| (359,096) | 73,835 | (10,175) | (295,436) | |||||
| Restricted funds | ||||||||
| Ceredigion Dev Worker |
4,234 | 55 | 4,289 | |||||
| Pembrokesture | Dev Worker | (10,175) | 10,175 | |||||
| Spirituality | 616 | 616 | ||||||
| Golfing Project | 3,817 | 3,817 | ||||||
| Mental Health | Forums | 58 | 59 | |||||
| 8,725 | (10,119) | 10,175 | 8,781 | |||||
| TOTAL FUNDS | (350,371) | 63,716 | (286,655) | |||||
| Net movement | in funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| f. | 8 | |||||||
| Unrestricted | funds | |||||||
| General fund | 205,484 | (184,649) | 20,835 | |||||
| Pension Fund | 53,000 | 53,000 | ||||||
| 205,484 | (]84,649) | 53,000 | 73,835 | |||||
| Restricted funds |
||||||||
| Ceredigion Dev | Worker | 21,256 | (21,201) | 55 | ||||
| Pembrokeshire | Dev Worker | 14,310 | (24,485) | (10,175) | ||||
| Mental Health | Forums | 1,196 | (1,195) | 1 | ||||
| 36,762 | (46,881) | (10,119) | ||||||
| TOTAL FUNDS | 242,246 | (231,530) | 53,000 | 63,716 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.20 | in funds | funds | 31.3.21 | |||
| f, | ||||||
| Unrestricted | funds | |||||
| General fund |
70,193 | 49,901 | 4,810 | 124,904 | ||
| Pension Fund | (508,000) | 24,000 | (484,000) | |||
| (437,807) | 73,901 | 4,810 | (359,096) | |||
| Restricted funds |
||||||
| Ceredigion Dev Worker | 2,066 | 2,168 | 4,234 | |||
| Pembrokeshire | Dev Worker | (2,099) | 2,099 | |||
| Mind Your Heart | 17,194 | (12,262) | (4,932) | |||
| Spirituality | 616 | 616 | ||||
| Golfing Project | 3,817 | 3,817 | ||||
| Am Dro Am | Glonc | 1,977 | (1,977) | |||
| Mental Health Forums | 58 | 58 | ||||
| 25,670 | (12,135) | (4,810) | 8,725 | |||
| TOTAL FUNDS | (412,137) | 61,766 | (350,371) | |||
| Comparative | net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| f. | f, | f, | ||||
| Unrestricted | funds | |||||
| General fund |
225,982 | (176,081) | 49,901 | |||
| Pension Fund | 24,000 | 24,000 | ||||
| 225,982 | (176,081) | 24,000 | 73,901 | |||
| Restricted funds |
||||||
| Ceredigion Dev Worker | 21,256 | (19,088) | 2,168 | |||
| Pembrokeshire | Dev Worker | 14,310 | (16,409) | (2,099) | ||
| Mind Your Heart | 9,174 | (21,436) | (12,262) | |||
| Mental Health | Forums | 1,178 | (1,120) | 58 | ||
| 45,918 | (58,053) | (12,135) | ||||
| TOTAL FUNDS | 271,900 | (234,134) | 24,000 | 61,766 |
| Net | Transfers | Transfers | ||||||
|---|---|---|---|---|---|---|---|---|
| movement | between | At | ||||||
| At 1,4.20 | in funds | funds | 31.3.22 | |||||
| f. | ||||||||
| Unrestricted | funds | |||||||
| General fund |
70,193 | 70,736 | (35,365) | 105,564 | ||||
| Pension Fund | (508,000) | 77,000 | (431,000) | |||||
| Development(Designated) | Fund | 30,000 | 30,000 | |||||
| (437,807) | 147,736 | (5,365) | (295,436) | |||||
| Restricted funds |
||||||||
| Ceredigion Dev Worker | 2,066 | 2,223 | 4,289 | |||||
| Pembrokeshire | Dev Worker | (12,274) | 12,274 | |||||
| Mind Your Heart | 17,194 | (12,262) | (4,932) | |||||
| Spirituality | 616 | 616 | ||||||
| Golfmg Project | 3,817 | 3,817 | ||||||
| Am Dro Am Glonc | 1,977 | (1,977) | ||||||
| Mental Health | Forums | 59 | 59 | |||||
| 25,670 | (222,54) | 5,365 | 8,781 | |||||
| TOTAL FUNDS | (412,137) | 125,482 | (286,655) | |||||
| A current year | 12 months | and prior year 12 months | combined | net movement | in funds, | included | in the above | |
| as follows: | ||||||||
| incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| f, | ||||||||
| Unrestricted | funds | |||||||
| General fund |
431,466 | (360,730) | 70,736 | |||||
| Pension Fund | 77,000 | 77,000 | ||||||
| 431,466 | (360,730) | 77,000 | 147,736 | |||||
| Restricted funds |
||||||||
| Ceredigion Dev Worker | 42,512 | (40,289) | 2,223 | |||||
| Pernbrokeshire | Dev Worker | 28,620 | (40,894) | (12,274) | ||||
| Mind Your Heart | 9,174 | (21,436) | (12,262) | |||||
| Mental Health | Forums | 2,374 | (2,315) | 59 | ||||
| 82,680 | (104,934) | (22,254) | ||||||
| TOTAL FUNDS | 514,]46 | (465,664) | 77,000 | 125,482 |
| The amounts recognised in the statement |
offinancial position are as f | ollows: | |
|---|---|---|---|
| 2022 | 2021 | ||
| f. | |||
| Fair value ofscheme assets | 1,509,000 | 1,428,000 | |
| Present Value ofdefined benefit obligation | (1,940,000) | (1,912,000) | |
| Defined benefit pension scheme deficit | (431,000) | (484,000) | |
| Defined Benefit Obligation | |||
| Changes in the defined benefit obligation |
are as follows: | ||
| 2022 | |||
| Present value at start ofyear | 1,912,000 | ||
| Current Service Cost | 37,000 | ||
| Interest | 39,000 | ||
| Members' Contributions |
6,000 | ||
| Past Service Cost | |||
| Remeasureinents (liabilities) |
(10,000) | ||
| Benefits/transfers paid |
(44,000) | ||
| Present value at end ofyear | 1,940,000 | ||
| Fair Value ofscheme assets | |||
| Changes in the ifair value ofscheme assets |
are as follows: | ||
| Fair Value at start ofyear | 1,428,000 | ||
| Interest income | 30,000 | ||
| Remeasurements (assets) |
70,000 | ||
| Administration Expenses |
|||
| Employer Contributions |
19,000 | ||
| Member contributions | 6,000 | ||
| Benefits Paid | (44,000) | ||
| Fair value at end ofyear | 1,509,000 |
| FORTHE YEAR ENDED 31 | MARCH 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| INCOME | AND ENDOWMENTS | ||||
| Donations | and legacies | ||||
| Donations | 5,034 | 2,788 | |||
| Investment | income | ||||
| Interest Received | 16 | 103 | |||
| Charitable | activities | ||||
| Grants | 237,196 | 269,009 | |||
| Total incoming resources |
242,246 | 271,900 | |||
| EXPENDITI1RE | |||||
| Charitable | activities | ||||
| Wages | 135405 | 147,274 | |||
| Social security | 7,335 | 8,727 | |||
| Pensions | 19,705 | 23,599 | |||
| Rent Paid | 11,000 | 11,000 | |||
| Insurance | 878 | 914 | |||
| Telephone | 4,059 | 3,955 | |||
| Postage and stationery | 2,686 | 4,618 | |||
| Advertising | 1,873 | 8,297 | |||
| Sundries | 47,349 | 24,310 | |||
| 230,090 | 232,694 | ||||
| Support costs | |||||
| Governance costs |
|||||
| Auditors' | remuneration | for non audit work | 1,440 | 1,440 | |
| Total resources expended | 231,530 | 234,134 | |||
| Net income | before gains | and losses | 10,716 | 37,766 | |
| Realised recognised | gains and losses | ||||
| Actuarial Losses on Pension |
53,000 | 24,000 | |||
| Net income | 63,716 | 61,766 |