2021-03-31-accounts - Ystalyfera Development Trust

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			Page
Report ofthe Trustees		1	to 3
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		6to7
Notes tothe Financial Statements		8	to 17
Detailed Statement ofFinancial Activities		18	io 19

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		E	6	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	57,210		57,210	39,950
Charitable activities
Promote economic and social regeneration
ofthe community			17,731		17,731	27,756
Other trading activities		3	14,874		14,874	22,433
Investment income		4	4		4	8
Total			89,819		89,819	90,147
EXPENDITURE ON
Charitable activities
Promote economic and social regeneration
ofthe community			73,053	2,610	75,663	75,231
NET INCOME/(EXPENDITURE)			16,766	(2,610)	14,156	14,916
Transfers between funds		16	3,513	(3,513)
Net movement in funds			20,279	(6,123)	14,156	14,916
RECONCILIATION OF FUNDS
Total funds brought forward			557,685		642,341	627,425
TOTAL FUNDS CARRIED FORWARD			577,964	78,533	656,497	642,341

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6	6		E
FIXEDASSETS
Tangible assets	12	128,459		128,459	135,706
Investment property	13	253,193	78,533	331,726	331,726
		381,652	78,533	460,185	467,432
CURRENT ASSETS
Debtors	14	581		581	1,757
Cash at bank and in hand		198,392	4,368	202,760	175,576
		198,973	4,368	203,341	177,333
CREDITORS
Amounts falling due within one year	15	(2,661)	(4,368)	(7,029)	(2,424)
NET CURRENT ASSETS		196,312		196,312	174,909
TOTAL ASSETSLESSCURRENT
UABILITIES		577,964	78,533	656,497	642.341
NETASSETS		577,964	78,533	656,497	642,341
FUNDS	16
Unrestricted funds				577,964	557,685
Restricted funds				78,533	84,656
TOTAL FUNDS				656,497	642,341

	DONATI	ONS AND LEGA	CIES
				2021	2020
					E
	Grants			57,210	39,950
	Grants received, included		in the above, are as follows:
				2021	2020
				E	E
	CRF Funding			30,210	30,000
	National	Lottery			9,950
	NPTCBC			27,000
				57,210	39,950
3.	OTHER TRADING ACTIVITIES
				2021	2020
					E
	Shop income			14,874	22,433
4.	INVESTMENT INCOME
				2021	2020
					F
	Interest receivable - trading			4	8

	INCOME F	ROM CHAR	ITABLE ACTIVIT	IES
			Activity			2021 8	2020 f
			Promote economic and social
	Room Hire		regeneration	ofthe community			6,112
			Promote economic and social
	Trust Services		regeneration	ofthe community		951	2,697
			Promote economic and social
	Rental Income		regeneration	ofthe community		15,742	16,659
			Promote economic and social
	Sundry Income		regeneration	ofthe community		153	2,288
						17,731	27,756
6.	CHARITABLE ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 7)	Totals
							8
	Promote economic and		social
	regeneration	ofthe community			68,406	7,257	75,663
7.	SUPPORT	COSTS
						Support
					Management	costs	Totals
					F	8	F
	Promote economic and		social
	regeneration	ofthe community			5,504	1,753	7,257
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
						2021	2020
						8	6
	Depreciation	-owned assets				7,471	5,591
	Surplus on	disposal offixed assets					(2,128)

STAFF COSTS
				2021	2020
				8
Wages and salaries				38,145	38,545
Other pension costs				2,053	2,101
				40,198	40,646
The average monthly number of	employees		during the year was as follows:
				2021	2020
Administration and Management				2	2
No employees received emoluments		in excess of860,000.
No remuneration was paid to directors, and			no expenses were reimbursed.
No employee earned more than	860,000during the year.
COMPARATIVES FOR THE STATEMENT			OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
			F		6
INCOME AND ENDOWMENTS	FROM
Donations and legacies			30,000	9,950	39,950
Charitable activities
Promote economic and social
regeneration ofthe community			27,756		27,756
Other trading activities			22,433		22,433
Investment income			8		8
Total			80,197	9,950	90,147
EXPENDITURE ON
Charitable activities
Promote economic and social
regenerafion ofthe community			67,891	7,340	75,231
NET INCOME			12,306	2,610	14,916
Transfers between funds			3,762	(3,762)

			YSTALYFERA DEVELOPNIENTTRUST	YSTALYFERA DEVELOPNIENTTRUST	YSTALYFERA DEVELOPNIENTTRUST
		NOTES	TO THE FINANCIAL STATEMENTS - continued
			FOR THE YEAR	ENDED 31 MARCH 2021
11.	COMPARATIVES	FOR THE STATEMENT		OF FINANCIAL ACTIVITIES -continued
					Unrestricted	Restricted	Total
					funds	funds	funds
					5	5	g
	Net movement in funds				16,068	(1,152)	14,9'I6
	RECONCILIATION	OF FUNDS
	Total funds brought forward				541,617	85,808	627,425
	TOTAL FUNDS CARRIED		FORWARD		557,685	84,656	642,341
12.	TANGIBLE FIXED	ASSETS
					Improvements	Fixtures
				Freehold	to	and
				property 5	properly f	fittings	Totals 5
	COST
	At 1 April 2020			139,950		43,738	183,688
	Additions					224	224
	At 31 March 2021			139,950		43,962	183,912
	DEPRECIATION
	At 1 April 2020			11,196		36,786	47,982
	Charge for year			2,799	3,094	1,578	7,471
	At 31 March 2021			13,995	3,094	38,364	55,453
	NET BOOK VALUE
	At 31 March 2021			125,955	(3,094)	5,598	128,459
	At 31 March 2020			128,754		6,952	135,706
13.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 April 2020
	and 31 March 2021						387,191
	AMORTISATION
	At 1 April 2020
	and 31 March 2021						55,465
	NET BOOK VALUE
	At 31 March 2021						331,726
	At 31 March 2020						331,726

DEBTORS:AMO	UNTS FALLING DUE	WITHIN ONE Y	EAR
				2021	2020
				F	6
Trade debtors				346	1,212
Prepayments and	accrued income			235	545
				581	1,757
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE			YEAR
				2021 f	2020 8
Trade creditors				546
Other creditors				4,611	343
Accrued expenses				1,872	2,081
				7,029	2,424
MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
			8	6	6
Unrestricted funds
General fund		172,299	16,766	7,246	196,311
Designated Capital	Fund	385,386		(3,733)	381,653
		557,685	16,766	3,513	577,964
Restricted funds
Capital Restricted National Lottery	Fund	82,046 2,610	(2,610)	(3,513)	78,533
		84,656	(2,610)	(3,513)	78,533
TOTALFUNDS		642,341	14,156		656,497

Compar	ative net movement in funds, incl	uded in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		6	8	6
Unrestricted funds
General	fund	80,197	(67,891)	12,306
Restricted funds
National	Lottery	9,950	(7,340)	2,610
TOTAL	FUNDS	90,147	(75,231)	14,916

A current ye	ar 12months and prior	year 12months combine	d position is as	follows:
			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.21
			E	F
Unrestricted	funds
General fund		149,240	29,072	17,999	196,311
Designated	Capital Fund	392,377		(10,724)	381,653
		541,617	29,072	7,275	577,964
Restricted funds
Capital Restricled Fund		85,808		(7,275)	78,533
TOTAL FUNDS		627,425	29,072		656,497

	FOR THE YEAR ENDED	31MARCH 2021
		2021	2020
INCOME AND ENDOWMENTS
Donations and	legacies
Grants		57,210	39,950
Other trading activities
Shop income		14,874	22,433
Investment income
Interest receivable - trading
Charitable activities
Room Hire		885	6,112
Trust Services		951	2,697
Rental Income		15,742	16,659
Sundry Income		153	2,288
		17,731	27,756
Total incoming	resources	89,819	90,147
EXPENDITURE
Charitable activities
Wages		33,145	33,545
Pensions		2,053	2,101
Rates and water		831	1,172
Insurance		3,566	3,551
Light and heat		2,001	2,069
Telephone		769	722
Postage and stationery		683	649
Sundries		916	389
Training		654
Cleaning		1,522	1,017
Repairs, renewal	&maintenance	7,150	6,380
Buffet and refreshments			216
Photocopier leasing		657	682
Charity shop costs		5,751	8,807
Donation		1,237
Freehold property		2,799	2,799
Depreciafion for leasehold		3,094	3,094
Depreciation offixtures		1,578	2,792
Loss on sale oftangible fixed assets			(2,128)
		68,406	67,857

	DETAILED STATEMENT OF FINANCIAL ACTIVITIES
	FOR THE YEAR ENDED 31 MARCH 2021
		2021 5	2020f
Supportcosts
Management
Wages		5,000	5,000
Payroll fees		504	504
		5,504	5,504
Support costs
Accountancy fees		1,753	1,870
Total resources expended		75,663	75,231
Net income		14,156	14,916