2021-10-31-accounts - Cmc : Pensarn Harbour

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Company Information			1
Report ofthe Directors	and Trustees		2to8
independent Examiner's	Report		9
Statement of Financial	Activities		10
Balance Sheet			11
Notes to the Accounts			12to 17
Detailed Income 5 Expenditure		Account	18
—not part ofthe statutory financial statements

Charit	Charit		Com	an	Name		CMC: Pensarn	Harbour	Harbour
							CMC Adventure
Com		an	Number				3324934 (England		and	Wales)
Charit		Number					1062075
Re istered Office					and 0 erational	Address	Pensarn Harbour
							Llanbedr
							Gwynedd
							North Wales
							LL45 2HP
Directors			and Trustees				P R Kelly- Chairman
							L G Charker	—Hon	Treasurer
							C Cook
							G French
							A. Houghton
							A Sanders
Chief		Executive		Centre Director			M Downey
Corn		an	Secretar				LAddinall
Bankers							HSBC Bank pic
							62 High Street
							Porthmadog
							Gwynedd
							LL49 9LN
Inde	endent Examiner						R Morris FCA
							Lyon Griffiths
							(Audit and Accounting)			Limited
							17Alvaston	Business Park
							Middlewich	Road
							Nantwich
							Cheshire
							CW5 6PF

STATEMENT OF FINANCIAL ACT for the year ended 31stOctober	IVITES (in 2021	cluding I	ncome &Expenditur	e Account)
			Unrestricted funds	Restricted	Total	Total
			General	Funds	Funds	Funds
			Funds		31/10/21	31/10/20
		Notes	f	E		E
Income and endowments from:
Donations and legacies		2.1	44,515	20,450	64,965	121,300
Grants			136,132	10,760	146,892	120,245
Income from investments			6		6	26
Tuck shop trading income			710		710	561
Charitable activities-
Course and hostel income
Residential		2.2	151,730		151,730	111,636
Non-residential			8,610		8,610	459
Net rental and hire income			1,870		1,870	11,437
Profit on Disposal of Fixed		Assets	482		482	0
Total Income and endowments			344,055	31,210	375,265	365,664
Expenditure on raising funds		3.1
Publicity costs			5,950		5,950	6,662
Tuck shop trading costs			634		634	448
Expenditure on charitable activities
Course and hostel running	costs	3.2	337,372		337,372	339,472
Total expenditure			343,956	0	343,956	346,582
Net income (expenditure) before transfers			99	31,210	31,309	19,082
Transfers between funds			39,773	-39,773
Net movement in funds			39,872	-8,563	31,309	19,082
Funds balances b/fwd at 1.11.20			537,029	11,688	548,717	529,635
Fund balances c/fwd at 31.10.21			576,901	3,125	580,026	548,717

			Staff		Depreciation	Other		Total	Total
			Costs			Costs		31/10/21	31/10/20
			f			f		f
Course &hostel running		costs	174,834		34,561	127,977		337,372	339472
Tuck shop	trading costs					634		634	448
Fundraising	& publicity					5,950		5,950	6,662
12months	to 31.10.21		174,834		34,561	134,561		343,956
12months	to31.10.20		193,675		30,104	122,803			346,582
Note: The	Tuck Shop trading		unit is operated	as	an ancillary facility at the		Pensarn	Hostel for the
benefit of	users and any profits are all ploughed				back into the mainstream		activity	ofthe company.
STAFF COSTS &TRUSTEES EXPENSES
Staff costs	comprised
								31/10/21	31/10/20
								f	f
Wages and	Salaries							161,511	178,542
Socia I Security Costs								6,962	7,725
Pension costs ~								6,361	7,408
								174,834	193,675

No employ during the	ee earns more than f60,000.The average year was as follows:	number ofstaff employed by the charity
		31/10/21	31/10/20
Charitable	activities	17	18
Fundraising	and publicity	0	0
		17	18

TANGIBLE FIXEDASSETS		Freehold	Course	Centre	Motor	TOTAL
		Property	Equipment	Fittings &	Vehicles
		Pensarn &		equip.
		Bryn-y-Moel
		f
Cost
B/fwd 1.11.20 Additions	¹	817,116 4,320	99,193 11,100	191,706 40,176	14,000	1,122,015 55,596
Less: re Disposals			-830			-830
Carried Forward 31.10.21		821,436	109,463	231,882	14,000	1,176,781
Depreciation
B/fwd 1.11.20		25,041	87,035	153,488	5,753	271,317
Charge for the period			6,846	24,915	2,800	34,561
Less: re Disposals			-312			-312
Carried Forward 31.10.21		25,041	93,569	178,403	8,553	305,566
Net book values
At 31.10.21		796,395	15,894	53,479	5,447	871,215
At 31.10.20		792,075	12,158	38,218	8,247	850,698

	Footnote:	Footnote:
	¹Work was commissioned		last	year regarding		the potential		upgrading		/ modernisation of		Pensarn
	Harbour. These costs, which			are currently	being met by		specific		donations,		have been capitalised.
	Further spending,	enhancing		the value of	the	buildings,	is	highly	likely.
7	STOCK comprises										31/10/21 f	31/10/20 f
	Goods for resale (Tuck Shop)										1,014	1,532
	Food										665	114
	Cleaning Materials										753	1,070
	Brochures										600	1,166
	Oil										3,314	2,544
											6,346	6,426
8	DEBTORS& PREPAYMENTS
	Due within one year
	Trade debtors										4,016	0
	Prepayments										2,027	4,598
	Other debtors										260	7,650
											6,303	12,248

	CMC: PENSARN HARBOUR		(Limited	by Guarantee)		16
	Notes to the accounts for	the year		ended 31stOctober 2021
	(continued)
					31/10/21	31/10/20
9	LIABILITIES:Amounts falling		due within one year comprise-		f	f
	Trade creditors				5,381	16,841
	Customers' monies held				18,547	56,166
	Accruals and deferred	income			4,336	5,274
	Bank 25 year repayment		mortgage		16,141	9,774
	Working capital loans				6,500	1,500
	Bounce Back Loan				4,908	0
					55,813	89,555
	after more then one year-
	25 year repayment mortgage				253,595	259,962
	Working capital loans				0	5,000
	Bounce Back Loan				45,671	50,000
					299,266	314,962

	Working capital loans Bounce Back Loan Footnotes:						0 45,671 299,266	0 45,671 299,266	0 45,671 299,266	5,000 50,000 314,962
	1.Deposits are no longer held	in a separately	designated bank account, but				combined into the			main
	account for the centre. Financial failure insurance was taken out					in November		2017to reflect		this
	new policy.
	2.The bank mortgage is from	HSBC Bank pic	and is secured	by a	debenture		and legal		charge on the
	company's freehold property	at Pensarn and	Bryn-y-Moel. The liability shown					includes f168,210
	due after more than five years	(2020 = f176,037). It should		be noted that,
	due to Covid restrictions, the	Bank agreed a	repayment holiday		from May 2020to December 2021.
	3.Private interest free loans from members		have been accepted			in the past	to	provide working		capital.
	At the start ofthe year one loan totalling f1,500was to be			repaid		in the year.		In the	event this	loan
	was not repaid.
	4.Last year advantage was taken ofthe Government's Bounce Back Loan of						f50,000.This was
	interest free for the first year.	Repayments started in December				2021.It is repayable			over 10years.
	The liability shown includes f22,929 due after 5years.
10	ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Tangible Fixed		Net current		Long term			31/10/21		31/10/20
		Assets	Assets / liabilities			loans
		f	f			f			f	f
	Unrestricted -general fund	871,215	4,952			299,266			576,901	537,029
	Restricted funds		3,125						3,125	11,688
		871,215	8,077			299,266			580,026	548,717
11	UNRESTRICTED FUNDS
	Movements on these during the year were as follows:
		As at	Income			Exp		Inter —fund		As at
		31/10/20						Transfers		31/10/21
		f	f			f			f	f
	¹ Future Developments General Accumulated Fund	517,429 19,600	340,343 3,712			343,956 0			44,093 -4,320	557,909 18,992
	Designated Fund
	Total Unrestricted Funds	537,029	344,055			343,956			39,773	576,901

Movements	Movements	on these during the year were as follows:	on these during the year were as follows:	on these during the year were as follows:
			As at	Income	Exp	Inter	—fund	As at
			31/10/20			Transfers		31/10/21
			f	f			f	f
Equipment	Purchase	Fund	11,688	31,210			-39,773	3,125

	Donations received wi (2020 —f33,377).	thout conditi	ons from the tru	stees and other rel	ated parties totalled f14,	192
14	COMMITMENTS				Total	Total
					31/10/21	31/10/20
					f
	1 Capital expenditure	authorised	and contracted	for	0	0
	2 Capital expenditure	authorised	but not contracted for		0	0
	3 Leasing payments	-due in the	next year		15,645	15,945
	4 Leasing payments	—due in two	to five years		6,030	16,053

DETAILED INCOME AND	DETAILED INCOME AND	EXPENDITURE	EXPENDITURE	EXPENDITURE	EXPENDITURE	AC	COUNT (UNRESTRICTED	FUNDS)
for the year ended 31st		October 2021
								31/10/2021	31/10/2020
INCOME								f	E
Course & Hostel fees								160,340	112,095
Tuck shop - net profit /	loss							76		113
Rental & Hire income								1,870	11,437
Profit on Disposal of Fixed Assets								482		0
Interest received								6		26
Donations &Gifts								44,515	109,612
Government Grants (including			Furlough			scheme)		136,132	97,245
Charitable Foundation	Grants		(Moondance				&CAF)	0	23,000
								343,421	353,528
EXPENDITURE
Course / Activity costs
Course / Equipment		/ Repairs						4,367	5,878
Course outings								266	0
Instructor staff training / expense								5,370	6,964
Vehicle expenses								5,414	5,455
Vehicle hire								9,939	5,743
Licensing								3,227	1,712
Activities Staff Salaries & NIC								89,463	86,867
Freelance / Associate		Instructors						0	207
								118,046	112,826
Hostel / Base Overhead		Costs
Base staff salaries, NIC & Pension					Contributions			85,371	106,808
Mortgage/ Bank Loan Interest								10,140	10,297
Utilities (Rates &Water)								3,469	3,182
General Insurance								6,657	8,006
Light &Heat								16,629	15,019
Telephone & Post								6,319	6,870
Office Expenses								4,996	5,914
Recruitment Advertising								665	600
Professional Fees								3,480	3,300
Trustees' Expenses								0	0
Property Upkeep —Repairs								17,181	17,328
Property Upkeep —Cleaning								2,179	467
Property Upkeep —Equip / Maint/					Replacement			4,324	2,831
Customer Services —Food								17,967	11,658
Customer Services —Laundry								2,782	898
Finance - Bank Charges								847	1,084
Financial Failure Insurance								1,759	2,280
Bad & Doubtful Debts								0	0
								184,765	196,542
Depreciation, etc.
Property								0	0
Course Equipment								6,846	6,676
General / Office Equipment								24,915	20,628
Motor Vehicle								2,800	2,SOO
								34,561	30,104
								337,372	339,472
Fundralsing &Publicity
Website								1,995	1,702
Brochures & Printing								566	263
Advertising, Exhibitions etc.								3,389	4,697
								5,950	6,662
								343,322	346,134
SURPLUS / DEFICIT ON	RESTRICTED				FUNDS
before transfers								99	7,394
Less Transfers to/ from		Restricted		Funds				39,773
TOTAL SURPLUS / DEFICIT ON			UNRESTRICTED FUNDS FOR YEAR					39,872	7,394
after transfers