## ## ## ## |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| |6|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:|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|||||||||||