2021-07-31-accounts

Trustees’ Annual Report for the year

From 1 August 2020 to 31 July 2021

Charity name: Maen Alaw Cyfyngedig Charity registration number: 1053807

Objectives and Activities

The Charity’s objects are to provide for the benefit of the inhabitants of Penmaenmawr and district without distinction of sex, race, colour, disability, language, age or financial status, or of political, religious or other opinions by effecting the following

To promote, maintain, improve and advance education, particularly by facilitating and encouraging public appreciation of, and participation in, the arts by the provision of a multi arts social centre in Penmaenmawr;

To provide facilities in the interests of social welfare, recreation and leisure time occupations with the Object of improving the conditions of their youth, age, infirmity or disablement are in need of such facilities.

Structure, Governance and Management

The governing document is the Articles of Association.

The charity is constituted as a company limited by guarantee.

Events

We were disappointed by the continued enforced closure due to Covid but were able to take the opportunity to upgrade the internal infrastructure of the premises.

We opened immediately the regulations allowed us to and it was gratifying to receive the appreciation of our community - so glad to be able to socialise creatively once again. The new Tots group was especially welcomed.

We were pleased to welcome our old friends - Crazy Catz Dance Academy, Happy Eaters, Silver Swans, Ukulele as well as new groups - the Dwygyfylchi Arts Society. Tots and Marian Bryfdir Voice Coach.

1

Financial review

Policy on Reserves

It is the policy of the Trustees to hold sufficient liquid funds to ensure a stable operation of the ongoing activities of the Charity and, subject thereto, to apply the funds to its objects.

The Trustees are selected by election.

Reference and Administrative details

Registered charity number 1053807 Registered Company number 31565878 Charity's principal address Yr Hen Co-Op Ffordd Bangor Penmaenmawr LL34 6LE

Trustees

The appointment of Trustees is governed by the Articles of Association of the company.

The Trustees are authorised to appoint new Trustees either to fill a vacancy or as an additional Trustee provided that the appointment does not cause the number of Trustees to exceed any number fixed by or in accordance with the articles as the maximum of Trustees.

Trustees, who are also directors, holding office in the year to 31 July 2021 and/or in the period thereafter to the date of this report are:-

Anne Ellis,

Tyddyn-Ap-Ifan, Penmaenmawr LL34 6ER

Robert Jason Edwards, Cartref, Conwy Road, Penmaenmawr LL34 6BD

Carys Jones,

Cri’r Wylan, Conwy Old Road, Penmaenmawr LL34 6SF

2

Maud Bathers Crofton, Conwy Old Road, Penmaenmawr

Names and addresses of advisers Solicitors Carter Vincent & Co. Llys Helig, Penmaenmawr, LL34 6AW Bankers NatWest Bank Plc Castle Street, Conwy, LL32 8AS

Management Committee

Senior Executive:- Anne Ellis Other Trustees and volunteers Ken Stevens, Councillor Ron Watson Jones, Builder Enid Williams, Facilitor Gareth Owen, Volunteer Kay Winstone, Volunteer

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date

3

MAEN ALAW CYFYNGEDIG	MAEN ALAW CYFYNGEDIG	Charity No 1053807
Annualaccountsforthe year
01/08/2020	To	31/07/2021

Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Rent Received S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
	5,354	-	-	5,354	10,000
	3,947	-	-	3,947	2,693
	-	-	-	-	-
	-	-		-	-
	20,235	-	-	20,235	7,775
	7	-	-	7	2
	29,543	-	-	29,543	20,470
	-	-	-	-	-
	23,130	7,280	-	30,410	17,170
	-	-	-	-	3,420
	740	-	-	740	400
	23,870	7,280	-	31,150	20,990
	5,673	(7,280)	-	(1,607)	(520)
	-	-	-	-	-
	5,673	(7,280)	-	(1,607)	(520)
	-	-	-	-	-
			-	-	-
	-	-	-	-	-
	-	-	-	-	-
	5,673	(7,280)	-	(1,607)	(520)
	35,686	223,904	-	259,590	260,110
	41,359	216,624	-	257,983	259,590

Page 5

Section B Balance sheet

Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees	Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		- 14,754	235,907	-	221,153	228,053
		-	-	-	-	-
		-	-	-	-	-
		- 14,754	235,907	-	221,153	228,053
		363	-	-	363	418
		250	-	-	250	250
			-	-	-	-
		35,573	2,900	-	38,473	33,929
		36,186	2,900	-	39,086	34,597
		1,913	343	-	2,256	3,060
		34,273	2,557	-	36,830	31,537
		19,519	238,464	-	257,983	259,590
		-	-	-	-	-
		-	-	-	-	-
		19,519	238,464	-	257,983	259,590
		-			-	-
		41,359	-		41,359	35,686
			216,624	-	216,624	223,904
					-
		41,359	216,624	-	257,983	259,590
		Signature		Print Name		Date of approval dd/mm/yyyy
				Anne Ellis		27/04/22

Page 6

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

✓

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support N/A the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the N/A going concern assumption doubtful; Where accounts are not prepared on a going N/A concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes ✓ * -Tick as appropriate No

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes ✓ * -Tick as appropriate No

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes ✓ * -Tick as appropriate No

Page 7

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change N/A in accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102

Start of End of period period £ £ Fund balances as previously N/A N/A stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

End of £ Net income/(expenditure) as previously N/A stated Adjustments: Previous period net income/(expenditure) N/A as restated Page 8

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.	Yes No N/a	Yes No N/a	Yes No N/a
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Section of page 9

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Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations subscriptions and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

Settlement of insurance Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other claims income in the SoFA.

Investment gains and This includes any realised or unrealised gains or losses on the sale of investments and losses any gain or loss resulting from revaluing investments to market value at the end of the year.

2.3 EXPENDITURE AND LIABILITIES

Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Support costs have been allocated between governance costs and other support. Governance and support Governance costs comprise all costs involving public accountability of the charity and its costs compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Where the charity gives a grant with conditions for its payment being a specific level of Grants with performance service or output to be provided, such grants are only recognised in the SoFA once the conditions recipient of the grant has provided the specified service or output.

Where there are no conditions attaching to the grant that enables the donor charity to Grants payable without realistically avoid the commitment, a liability for the full funding obligation must be performance conditions recognised.

The charity made no redundancy payments during the reporting period.

Redundancy cost

Deferred income No material item of deferred income has been included in the accounts.

Creditors The charity has creditors which are measured at settlement amounts less any trade discounts

A liability is measured on recognition at its historical cost and then subsequently Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 instruments to 11.19, FRS102 SORP.

2.4 ASSETS

Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least use by charity

They are valued at cost.

The depreciation rates and methods used are disclosed in note 9.2.

Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5

They are valued at cost.

The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.

Heritage assets

They are valued at cost.

Section of page 9

Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

The charity has has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and investments cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

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Page 9

Section of page 9

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Donations and gifts GiftAid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donatedgoods,facilities and services Other Total Other Total Other Total Interestincome Dividendincome Rentalandleasingincome Other Total Total Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held forcharity's ownuse Gain on disposal of a programme related investment Royalties from the exploitation of intellectual propertyrights Other Total Analysis Donations and legacies: Charitable activities: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income:	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations and gifts	1,354	-	-	1,354	10,000
	GiftAid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	4,000	-	-	4,000	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	5,354	-	-	5,354	10,000
		3,947	-	-	3,947	2,693
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	3,947	-	-	3,947	2,693
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
	Interestincome	7	-	-	7	2
	Dividendincome	-	-	-	-	-
	Rentalandleasingincome	20,235	-	-	20,235	7,775
	Other	-	-	-	-	-
	Total	20,242	-	-	20,242	7,777
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-
	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held forcharity's ownuse	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
		29,543	-	-	29,543	20,470

Page 10

Section C Notes to the accounts

Note 4 Analysis of receipts of government grants

----- Start of picture text -----
This year Last year
Description £ £
Government grant 1 Covid19 grant 4,000 10,000
Government grant 2 - -
Government grant 3 - -
Other - -
Total 4,000 10,000
Please provide details of any
unfulfilled conditions and other
contingencies attaching to grants
that have been recognised in income.
----- End of picture text -----

Please give details of other forms of government assistance from which the charity has directly benefited.

Page 11

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Fudraising agents Operating charity shops Advertising, marketing, direct mail and publicity Start up costs incurred in generating new source of future income Rent collection, property repairs and maintenance charges Operating membership schemes and social lotteries Staging fundraising events Database development costs Other trading activities Analysis Portfolio management costs Intellectual property licencing costs Cost of obtaining investment advice Expenditure on raising funds: Total expenditure on charitable activities Other Total expenditure on raising funds Total Maintenance Examining accounts Separate material item of expense Professional Fee Coordinator Rent written off Incurred seeking grants Others Investment management costs: Incurred seeking donations Expenditure on charitable activities Rates,Insurance,Light & Heat and Telephone Operating a trading company undertaking non-charitable trading activity Investment administration costs Depreciation Incurred seeking legacies TOTAL EXPENDITURE Total other expenditure	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Incurred seeking donations	-	-	-	-	-
	Incurred seeking legacies	-	-	-	-	-
	Incurred seeking grants
	Operating membership schemes and social lotteries
	Staging fundraising events
	Fudraising agents
	Operating charity shops
	Operating a trading company undertaking non-charitable trading activity
	Advertising, marketing, direct mail and publicity	-	-	-	-	-
	Start up costs incurred in generating new source of future income	-	-	-	-	-
	Database development costs	-	-	-	-	-
	Other trading activities
	Investment management costs:	-	-	-	-
	Portfolio management costs	-	-	-	-	-
	Cost of obtaining investment advice	-	-	-	-	-
	Investment administration costs	-	-	-	-	-
	Intellectual property licencing costs	-	-	-	-	-
	Rent collection, property repairs and maintenance charges	-	-	-	-	-
		-	-	-	-	-
	Total expenditure on raising funds	-	-	-	-	-
	Rates,Insurance,Light & Heat and Telephone	9,784	-	-	9,784	6,627
	Maintenance	9,552	-	-	9,552	2,704
	Others	841	-	-	841	113
	Depreciation	653	7,280	-	7,933	7,726
	Total expenditure on charitable activities	20,830	7,280	-	28,110	17,170
	Professional Fee	340	-	-	340
	Coordinator	2,300	-	-	2,300	-
	Rent written off	-	-	-	-	3,420
		-	-	-	-	-
	Total	2,640	-	-	2,640	3,420
	Examining accounts	400	-	-	400	400
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total other expenditure	400	-	-	400	400
		23,870	7,280	-	31,150	20,990

Page 12

Section C Notes to the accounts

Note 5 Details of certain items of expenditure

5.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	400	400

Page 13

Section C Notes to the accounts (cont)

Note 6 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

6.1 Cost or valuation

At the beginning of the year Additions Revaluations Disposals Transfers * At end of the year	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	386,004	-	113,627	-	499,631
	-	-	1,033	-	1,033
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	386,004	-	114,660	-	500,664

6.2 Depreciation and impairments

6.2 Depreciation and	impairments
*Basis* Rate At beginning of the year Disposals Depreciation Impairment Transfers At end of the year Net book value at the beginning of the year Net book value at the end of the year 6.3 Net book value*	SL	SL or RB	SL and RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
	2%		10%/25%
	158,569 - 113,009 - 271,578 - - - - - 7,521 - 412 - 7,933 - - - - - - - - - - 166,090 - 113,421 - 279,511 227,435 - 618 - 228,053 219,914 - 1,239 - 221,153
	227,435	-	618	-	228,053
	219,914	-	1,239	-	221,153

Page 14

Section C Notes to the accounts (cont)

Note 7 Stocks

Please complete this note if the charity holds any stock items

7.1 Please state the carrying amount of stock and work in progress analysed between activities.

Charitable activities: Opening Added in period Expensed in period Impaired Closing Other trading activities: Opening Added in period Expensed in period Impaired Closing Other: Opening Added in period Expensed in period Impaired Closing Total this year Total previous year	Stock	Stock	Donated goods	Donated goods	Work in progress
	For distribution	For resale	For distribution	For resale
	£	£	£	£	£
	418	-	-	-	-
		-	-	-	-
	- 6	-	-	-	-
	-	-	-	-	-
	412	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	412	-	-	-	-
	-	-	-	-	-

Page 15

Section C Notes to the accounts (cont)

Note 8 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

8.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	250	250
	250	250

Please complete 8.2 where a material debtor is recoverable more than a year after the reporting date.

8.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

Page 16

Section C Notes to the accounts (cont)

Note 9 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

9.1 Analysis of creditors

9.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	2,256	3,060	-	-
	-	-	-	-
	-	-	-	-
	2,256	3,060	-	-

9.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period

This year £	Last year £
-	-
-	-
-	-
-	-

Page 17

Section C Notes to the accounts (cont)

Note 10 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total

This year £	Last year £
-	-
-	-
38,473	33,929
-	-
38,473	33,929

Page 18

Section C Notes to the accounts (cont)

Note 12 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

12.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False)

12.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

TRUE

12.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False) TRUE

Page 19

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Report to the trustees/ Maen Alaw Cyfyngedig members of On accounts for the year 31 July 2021 Charity no 1053807 ended Set out on pages

5 to 19

Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed .

It is my responsibility to:

• examine the accounts under section 145 of the Charities Act,

• to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

• to state whether particular matters have come to my attention.

Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

• In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements:

• to keep accounting records in accordance with section 130 of the Charities Act; and

• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

• have not been met; or

• to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Name:		27/4/2022
	P C Dingley

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