**REGISTERED COMPANY NUMBER: 03280924 (England and Wales) REGISTERED CHARITY NUMBER: 1060770**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Canolfan Felin Fach Centre Limited
Gwyn Thomas and Co Limited 1 Thomas Buildings New Street Pwllheli Gwynedd LL53 5HH
Canolfan Felin Fach Centre Limited
## Contents of the Financial Statements for the Year Ended 31 March 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|3|
|Independent Examiner's Report||4||
|Statement of Financial Activities||5||
|Balance Sheet||6||
|Notes to the Financial Statements|7|to|11|
|Detailed Statement of Financial Activities|12|to|13|
Canolfan Felin Fach Centre Limited
for the Year Ended 31 March 2022
## Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Principal Activities and Objectives**
The centre provides resources for a wide range of groups and agencies (meeting rooms , counselling rooms , office space and equipment , information base etc.) . These are involved with mental health , substance abuse , homelessness , domestic abuse , relationship problems , bereavement counselling , probation service and so on . We are a well-established and key resource for these groups and agencies that enables them to provide their services on a local level . These groups are a mix of statutory agencies , third sector organisations , mutual support groups , housing agencies , counselling services etc.
We also provide direct services to individuals in terms of information and support via our drop-in service . There is increasing demand for this service since the ICAN hub was set up in 2019 . All our beneficiaries are adults above 18 years old . The direct service was delivered via phone calls and emails during the covid restrictions when the drop in centre was closed .
Support from the local community :
We have received a grant of £1,000 from ASDA towards "bringing communities back" where we were able to provide Christmas hampers and Christmas meals . Together with a donation of £1,000 from ASDA towards our Ukrainian fund .
## **Public benefit**
Having considered the Charity Commission guidance regarding public benefit we are satisfied that the charity's activities during the year , as described , satisfy the test .
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Although again this year faced with Covid-19 challenges we have managed to continue to provide an efficient and effective service for all our beneficiaries . We received 176 ICAN referrals (from GP surgeries , CMHT , CAB , ADRA , Gorwel , Tan y Maen , occupational therapists , substance misuse service) . We also provided support for 1,524 interventions , 143 new walk ins and 87 historic service users .
We have also registered our new kitchen with the council in order to provide cook and eat sessions and a community kitchen.
The ICAN community hub has also become a Covid Hub this year where we have been distributing LFT kits to the public for free .
We have also been helping Ukrainian families with bio matrix passports , clothing and food vouchers . We work with each person at their own level and pace and although it can take anywhere between a day , a few weeks to several years we will see an improvement in the quality of their life .
The centre also aim to provide a holistic person centred approach to improve mental and physical health and well-being .
## **FINANCIAL REVIEW**
## **Financial position**
The centre manager will continue to identify efficiency savings within the budget and seek funding from other sources . The excess income over expenditure this year amounted to £75,153 . There are unrestricted reserves of £519,766 and restricted reserves of £25,999 at the year end .
## **Reserves policy**
The Charity has adopted a reserves policy . The company will endeavour to achieve a minimum reserve equivalent to three months running costs .
Page 1
Canolfan Felin Fach Centre Limited
for the Year Ended 31 March 2022
## Report of the Trustees
## **FINANCIAL REVIEW**
## **Risk Management**
The trustees have a risk management strategy , which comprises :
- Annual review of the risks the company may face
- Systems and procedures to mitigate any risks that are identified , and
- Implementation of procedures designed to minimize any potential impact on the company should those risks materialise .
A key element of financial risk is the setting of a reserves policy and it's regular review by the trustees .
The main perceived financial risk to the company would be the withdrawal of the revenue funding for carrying out and developing the centre's work effectively . The risk is minimised by ensuring that the company's activities continue to comply with the funder's criteria for funding received , this is done by maintaining links with funders and providing relevant reports as required .
## **FUTURE PLANS**
Our plans are to continue to provide the best quality service for our beneficiaries .
The ICAN Community Hub at Canolfan Felin Fach , set up in 2019 , is proving to be a success . It has been a time of change as a result of the Welsh Government " Together for Mental Health in North Wales" . This is transforming the way mental health and well-being services are delivered .
Our aim is to secure the necessary funding to employ two more Support Workers and a Service Development Officer during the coming year .
As a major new development we are optimistic that this will prove to be the way forward for securing the long-term future of Canolfan Felin Fach .
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Canolfan Felin Fach Centre Limited is a company limited by guarantee , governed by it's Memorandum and Articles of Association dated 20 November 1996 . It is registered as a charity with the Charity Commission . Membership of the company is open to all interested parties over the age of 18 , in particular service users , participating groups and agencies .
## **Charity constitution**
The Board of Trustees is made up of seven local individuals , whom have either a business background or are ex service users .
The Centre manager is directly accountable to the Board and acts as Company Secretary on its behalf . The manager has responsibility for direct line management of staff and volunteers , budget management , strategic development plans , securing and maintaining funding and contracts , overseeing health and safety requirements and operational policies as well as any other tasks and duties relating to the smooth day to day running of the centre , including plans for the future . We have a small team of appropriately qualified and trained workers who have been carefully selected to ensure the best quality of service is offered . All paid staff are fluent in Welsh and English and are able to fully engage with the service users . The qualified staff look after the needs of the service users .
## **Staff**
Centre Manager - 5 days core staff Receptionist - part time core staff 2 Support Workers - 5 days core staff - ICAN 1 Support Worker - 5 days core staff - ICAN connector
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
03280924 (England and Wales)
## **Registered Charity number**
1060770
Page 2
Canolfan Felin Fach Centre Limited
## Report of the Trustees
for the Year Ended 31 March 2022
## **Registered office**
Mount Pleasant Stryd Penlan Pwllheli Gwynedd LL53 5DE
## **Trustees**
J H R Fawcett P D Hearth Mrs T A E Roberts G Roberts Ms S A Summers S A M Taylor J Richards (resigned 12.4.21)
## **Company Secretary**
Mrs M C Hughes
## **Independent Examiner**
Gwyn Thomas and Co Limited 1 Thomas Buildings New Street Pwllheli Gwynedd LL53 5HH
## **TRUSTEES' RESPONSIBILITY STATEMENT**
The trustees (who are also the directors of Canolfan Felin Fach Centre Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 21 December 2022 and signed on its behalf by:
J H R Fawcett - Trustee
Page 3
Independent Examiner's Report to the Trustees of Canolfan Felin Fach Centre Limited
## **Independent examiner's report to the trustees of Canolfan Felin Fach Centre Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gwyn Thomas ICAEW Gwyn Thomas and Co Limited 1 Thomas Buildings New Street Pwllheli Gwynedd LL53 5HH
21 December 2022
Page 4
Canolfan Felin Fach Centre Limited
## Statement of Financial Activities for the Year Ended 31 March 2022
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
176,048
**Charitable activities**
Supporting the Community
9,445
Investment income
2
7
**Total**
185,500
**EXPENDITURE ON**
**Charitable activities**
Supporting the Community
83,941
Cost of Generating Voluntary Income
42,340
**Total**
126,281
**NET INCOME**
59,219
**Transfers between funds**
10
204
**Net movement in funds**
59,423
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
460,343
**TOTAL FUNDS CARRIED FORWARD**
519,766|Restricted
funds
£
106,057
-
-
106,057
77,793
12,330
90,123
15,934
(204)
15,730
10,269
25,999|31.3.22
Total
funds
£
282,105
9,445
7
291,557
161,734
54,670
216,404
75,153
-
75,153
470,612
545,765|31.3.21
Total
funds
£
156,229
13,163
11|
|---|---|---|---|
||||169,403|
||||117,917
29,674|
||||147,591|
||||21,812
-|
||||21,812
448,800|
||||470,612|
The notes form part of these financial statements
Page 5
Canolfan Felin Fach Centre Limited
## Balance Sheet
## 31 March 2022
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
6
391,781
**CURRENT ASSETS**
Debtors
7
28,707
Cash at bank and in hand
116,867
145,574
**CREDITORS**
Amounts falling due within one year
8
(17,589)
**NET CURRENT ASSETS**
127,985
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
519,766
**NET ASSETS**
519,766
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
25,999
25,999
-
25,999
25,999
25,999|31.3.22
Total
funds
£
391,781
28,707
142,866
171,573
(17,589)
153,984
545,765
545,765
519,766
25,999
545,765|31.3.21
Total
funds
£
402,120
34,222
51,687
85,909
(17,417)
68,492
470,612
470,612
460,343
10,269
470,612|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 December 2022 and were signed on its behalf by:
J H R Fawcett - Trustee
The notes form part of these financial statements
Page 6
Canolfan Felin Fach Centre Limited
Notes to the Financial Statements for the Year Ended 31 March 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Plant and machinery - 20% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
Canolfan Felin Fach Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.3.22|31.3.21|
||£|£|
|Bank interest|7|11|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||31.3.22|31.3.21|
||£|£|
|Depreciation - owned assets|12,299|11,989|
|Hire of plant and machinery|8,724|4,360|
## **3. NET INCOME/(EXPENDITURE)**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
146,875
**Charitable activities**
Supporting the Community
13,163
Investment income
11
**Total**
160,049
**EXPENDITURE ON**
**Charitable activities**
Supporting the Community
117,917
Cost of Generating Voluntary Income
23,841
**Total**
141,758
**NET INCOME**
18,291
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
442,052
**TOTAL FUNDS CARRIED FORWARD**
460,343|Restricted
funds
£
9,354
-
-
9,354
-
5,833
5,833
3,521
6,748
10,269|Total
funds
£
156,229
13,163
11|
|---|---|---|
|||169,403|
|||117,917
29,674|
|||147,591|
|||21,812
448,800|
|||470,612|
continued...
Page 8
Canolfan Felin Fach Centre Limited
## Notes to the Financial Statements - continued for the Year Ended 31 March 2022
|**6.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 April 2021
579,029
Additions
-
At 31 March 2022
579,029
**DEPRECIATION**
At 1 April 2021
178,539
Charge for year
11,581
At 31 March 2022
190,120
**NET BOOK VALUE**
At 31 March 2022
388,909
At 31 March 2021
400,490
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 9)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
**9.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts|Plant and
machinery
£
51,948
1,960
53,908
50,318
718
51,036
2,872
1,630
31.3.22
£
28,707
31.3.22
£
1,615
699
11,456
2,019
1,800
17,589
31.3.22
£
1,615|Totals
£
630,977
1,960|
|---|---|---|
|||632,937|
|||228,857
12,299|
|||241,156|
|||391,781|
|||402,120|
|||31.3.21
£
34,222
31.3.21
£
-
3,324
1,273
11,380
1,440
17,417
31.3.21
£
-|
continued...
Page 9
Canolfan Felin Fach Centre Limited
## Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **10. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Building
Asset fund
**Restricted funds**
SMAF
ICAN
ASDA
Cyngor Gwynedd SLA
Cyngor Gwynedd Cynllun Gardd
Cegin newydd
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
Asset fund
**Restricted funds**
ICAN
Morgan Foundation Grant
Cyngor Gwynedd SLA
Cyngor Gwynedd Cynllun Gardd
Cegin newydd
**TOTAL FUNDS**|At 1.4.21
£
56,468
1,755
402,120
460,343
10
10,065
194
-
-
-
10,269
470,612
follows:|Net
movement
in funds
£
71,518
-
(12,299)
59,219
-
(1,259)
-
4,918
8,842
3,433
15,934
75,153
Incoming
resources
£
185,500
-
185,500
67,864
5,249
9,680
9,880
13,384
106,057
291,557|Transfers
between
At
funds
31.3.22
£
£
204
128,190
-
1,755
-
389,821
204
519,766
(10)
-
-
8,806
(194)
-
-
4,918
-
8,842
-
3,433
(204)
25,999
-
545,765
Resources
Movement
expended
in funds
£
£
(113,982)
71,518
(12,299)
(12,299)
(126,281)
59,219
(69,123)
(1,259)
(5,249)
-
(4,762)
4,918
(1,038)
8,842
(9,951)
3,433
(90,123)
15,934
(216,404)
75,153|
|---|---|---|---|
continued...
Page 10
Canolfan Felin Fach Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
## **10. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|At 1.4.20
£
**Unrestricted funds**
General fund
26,189
Building
1,754
Asset fund
414,109
442,052
**Restricted funds**
SMAF
10
ICAN
6,738
ASDA
-
6,748
**TOTAL FUNDS**
448,800
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
160,048
Building
1
Asset fund
-
160,049
**Restricted funds**
ICAN
8,854
ASDA
500
9,354
**TOTAL FUNDS**
169,403|Net
movement
At
in funds
31.3.21
£
£
30,279
56,468
1
1,755
(11,989)
402,120
18,291
460,343
-
10
3,327
10,065
194
194
3,521
10,269
21,812
470,612
Resources
Movement
expended
in funds
£
£
(129,769)
30,279
-
1
(11,989)
(11,989)
(141,758)
18,291
(5,527)
3,327
(306)
194
(5,833)
3,521
(147,591)
21,812|
|---|---|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 11
Canolfan Felin Fach Centre Limited
## Detailed Statement of Financial Activities for the Year Ended 31 March 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2022|||
|---|---|---|
||31.3.22|31.3.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|57|1,588|
|ICAN|117,105|86,591|
|BCUHB|67,550|67,550|
|ASDA|-|500|
|Lloyds TSB|25,000|-|
|Cyngor Gwynedd|55,144|-|
|Morgan Foundation|5,249|-|
|Welsh Government|12,000|-|
||282,105|156,229|
|**Investment income**|||
|Bank interest|7|11|
|**Charitable activities**|||
|Hire of rooms|4,645|1,420|
|Repayments|-|13|
|Rent of rooms|4,800|11,730|
||9,445|13,163|
|**Total incoming resources**|291,557|169,403|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|139,650|99,100|
|Social security|3,040|3,560|
|Pensions|865|1,288|
|Hire of equipment|8,724|4,360|
|Rates and water|254|153|
|Insurance|4,880|4,681|
|Light and heat|4,488|4,275|
|Telephone|3,164|1,993|
|Postage and stationery|1,179|2,111|
|Advertising|4,352|2,597|
|Sundries|1,775|527|
|Travelling expenses|146|1,593|
|Rent HWB Nefyn|4,680|-|
|Freehold property|11,581|11,581|
|Plant and machinery|718|408|
||189,496|138,227|
|**Support costs**|||
|**Management**|||
|Professional fees|738|1,380|
This page does not form part of the statutory financial statements
Page 12
Canolfan Felin Fach Centre Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2022|||
|---|---|---|
||31.3.22|31.3.21|
||£|£|
|**Management**|||
|**Finance**|||
|Bank charges|66|-|
|**Information technology**|||
|Repairs and renewals|23,944|6,184|
|**Governance costs**|||
|Accountancy and legal fees|2,160|1,800|
|Total resources expended|216,404|147,591|
|**Net income**|75,153|21,812|
This page does not form part of the statutory financial statements
Page 13