#
#
##
##
|||Page|
|---|---|---|
|Trustees report||1-to|
|Statement oftrustees|responsibilities||
|Independent
auditor's|report|12-15|
|Statement offinancial|activities|16|
|Balance sheet||17|
|Statement ofcash flows||18|
|Notes to the financial|statements|19-34|
##
##
|The financial|The financial|statements|statements|statements|statements|have been prepared
in accordance
with the accounting
policies set out in note|have been prepared
in accordance
with the accounting
policies set out in note|1 to|
|---|---|---|---|---|---|---|---|---|
|the financial||statements||||and|comply
with the charity's
(governing
document),
the Companies
Act 2006|and|
|"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|||||||||
|Objects||&||principal|||The company
is registered
to assist with the relief ofpoverty:||
|activities||||of|the||~ Providing access to affordable
household
items.||
|charity|||||||~ To advance
the
development
and
education
of people
by
providing||
||||||||opportunities
to volunteer
and to train, to develop
work skills, social skills||
||||||||gain work experiences
and encourage
social integration.||
||||||||~ Recycling
of furniture
which
would
otherwise
be thrown
away
and|by|
||||||||advancing
more sustainable
waste mana
ement
ractices.||
|Providing||||access|||Within
all showrooms,
donated
goods are offered
for sale at secondhand||
|to|||affordable||||market
value
after they have been
quality
controlled,
sorted, cleaned
and||
|household||||items|||safety checked.||
||||||||The company
also operates
an electrical
&gas domestic
appliances
re-use||
||||||||facility that complies with all WEEE &Gas Safe regulations.||
||||||||The company
offers free or discounted
furniture
packages
to individuals||
||||||||referred to them for help and at times ofcrisis and support.||
|Providing|||||||We aim to increase social skills and employment
opportunities
by providing||
|opportunities||||||to|volunteers
with work-based
learning
and training.||
|volunteer|||&|train|||||
||||||||Volunteers
assist us with s range ofactivities throughout
the organisation
as||
||||||||well as management
through
our Board ofTrustees.||
||||||||Placements
opportunities
are
offered
to
enhance
employability||
||||||||advancement
and rehabilitation
ofex-offenders
via the Probation Service.||
||||||||School
placements
are
also
supported
for work-based
experience
taste||
||||||||sessions.||
|Recycling||||&|waste||The company
provides
residents
of Rhondda
Cynon
Taf with a reliable free||
|management|||||||collection service for household
items that are toogoodtowaste.
People can||
||||||||also drop items offfor re-use. Items received are sorted, cleaned, and tested||
||||||||before being offered for sale within their charity showrooms.||
||||||||The
company
also
offers a collection
service
for re-useable
household||
||||||||goods, to commercial
organisation
(end-of-line
or returned
goods).||
||||||||The company
operates a House Clearance
Service to the public, solicitors,||
||||||||landlords
and
housing
associations.
This professional,
income
generating||
||||||||service
aims
to recycle
or re-use
the
products
cleared
by working
with||
||||||||partner organisations.||
||||||||The organisation
holds a waste
carriers'
licence
and
is an Approved
and||
||||||||Authorised
Transfer
Facility (AATF) and an Approved
Re-use Centre (ARC).||
##
##
|PUBLIC BENEFIT|PUBLIC BENEFIT|PUBLIC BENEFIT|||
|---|---|---|---|---|
|The trustees||have|referred
to the
guidance
contained
in the
Charity
Commissions'|general|
|guidance|on|public|benefit.
The trustees
will
continue
to consider
how
planned
activities
will||
|contribute|to the aims and objectives they have set.||||
|Significant|||All
services,
including
buying
from
the
charity
showrooms
are|open
to|
|activities|||everyone
in order
to maximise
the
volume
of items
re-used
and
income||
|undertaken||to|generated
to support the charitable
aims and objectives of this organisation.||
|further its|||||
|charitable|||The organisation
has also created its own hardship
budget, to cover|the costs|
|purposes for|||of stock provided
free of charge to individuals
who have
no other|means
of|
|public benefit|||financial
support to cover the essential
items they need.||
||||We work
in partnership
with
other
organisations
that
provide
'emotional
or||
||||housing
support'
(e.g. social services
departments,
Women's
Aid,
drug
&||
||||alcohol
support
services, churches,
mental
health
groups, etc.j The practical
help provided
by this organisation
enhances
the work of its partners,
therefore||
||||increasing
the overall impact ofthe assistance
provided.||
||||Many ofthe people referred to this organisation
for help are in crisis|situations|
||||without
any financial
support.
The organisation
helps
immediately|to people|
||||affected by domestic violence and other life affecting crisis situations.||
||||The organisation
values
the
contribution
received
from
its volunteers
and||
||||strives to provide services that help customers
and beneficiaries
feel positive||
||||about the help received.||
||||With high levels of unemployment
in the area and few opportunities|for people|
||||to gain work experience,
the organisation
is committed
to developing|its ability|
||||to deliver work-based
learning.
The training
room and use of ICT equipment||
||||and software
gives us the opportunity
to provide
volunteers
and placements||
||||with transferable
skills to enhance
their employment
opportunities.||
||||Items are
quality
control
checked.
Minor
repairs
and
deaning
is|provided|
||||where necessary before being resold through
our charity shops.||
||||External
rants are sou
ht to
rovide match fundin
for our activities.||
##
##
##
##
##
|Although
the|Although
the|Covid-19 pandemic
significantly
impacted
how we operated|Covid-19 pandemic
significantly
impacted
how we operated|Covid-19 pandemic
significantly
impacted
how we operated|Covid-19 pandemic
significantly
impacted
how we operated|in 2020, below is|some|of the|of the|
|---|---|---|---|---|---|---|---|---|---|
|great work|we have done, the difference made to the local community
and|||||some ofthe achievements|||o|
|our staff &volunteers.||||||||||
|Maintaining|||The partnership
working
with DHL/Dixon
Carphone||Group has continued
providing|||||
|&
increasing|||access to re-usable domestic appliances WEEE.|||||||
|quality||&||||||||
|quantity|||We received
commercial
donations
from|IKEA,|John
Lewis,
Airsprung,|||David||
|goods|||Phillips, Starbucks, Asda and Ecover.|||||||
|available||||||||||
||||Partnership
working
with
Play
it Again
Sport
has|||enabled
the
supply||of a||
||||selection ofbargain sports kit which is available to||buy in our Ynyshir showroom.|||||
||||We also worked
with Pare Prison,
Bridgend|to deliver flat pack furniture
and pic||||||
||||up assembled
furniture.|||||||
|Helping
income||low-|We continued
to work
closely
with
referral
partners
to identify
individuals
families
in need. Over 400 individuals
benefiitted
in 2020, this included
over|||||and
120||
|households|||households
affected by flooding|||||||
|Providing||||||||||
|opportunities||to|In total, 226 people supported
us, and they provided|||the organisation|with|over||
|volunteer|6 train||26,000 hours
in an unpaid
capacity.|||||||
||||6 people
finished
their
volunteering/work|placement
with
us
to|||start|paid||
||||employment.|||||||
|Recycling
waste||&|632 Tonnes of waste
was diverted
from|landfill|in|2020 which
equalled||over||
|management|||70,000 re-usable
items.|||||||
||||Over 82,000 items were collected from local|residents||and commercial|donators.|||
##
##
|The organisation|The organisation|The organisation|The organisation||had a very challenging
year
in 2020. The coronavirus
Covid-19 and consequential|had a very challenging
year
in 2020. The coronavirus
Covid-19 and consequential|had a very challenging
year
in 2020. The coronavirus
Covid-19 and consequential|
|---|---|---|---|---|---|---|---|
|restrictions
imposed
by the government
meant that the majority ofour income sources ceased on 23rd
March 2020 until we safely re-opened
in July 2020 and another firebreak lockdown
in October 2020.||||||||
|During
these|||lockdowns,
all charity
showrooms
closed to the public
and commercial
contracts
also|||||
|ceased. We||were,||||however,
able to continue
some partnership
working
to provide
essential
furnitur||
|and electrical|||items,|||on a referral basis, to help those still in need.||
|II retail|and||operational
staff were
placed
on
furlough
and
the
organisation
made
use
of the|||||
|Government's|||Employment
retention
scheme to cover these salary costs. As well as this, a review ofou|||||
|operational||costs|||was conducted
to mitigate
the impact
on the charity's
finances
and
make
saving|||
|herever possible.||||||It|has also benefitted
from Welsh Government
Grants for non-domestic
Rates relic|
|on our buildings.||||||||
|Income||from|||||Donations
were
received
from
Moondance
Foundation
f25,000,Barclays|
|donations|||and||||COVID-19 Community
Relief Fund 5100,000and Admiral
Group f2,500.|
|legacies||||||||
||||||||Income generated
from Gift Aid Retail Scheme was 88,066.|
|Income||from|||||The Service level agreement
with RCT Environmental
services was maintained|
|Charitable|||||||at 620,000for the year.|
|Activities||||||||
||||||||Income generated
through
our charity showrooms
from the supply ofhousehold|
||||||||items was reduced
by 23% to 8776,740 (2019: F1,008,120) due to reduced|
||||||||trading days
in the year.|
||||||||The
value
of performance
related
grants
was f482,265 (2019: 5133,402).|
||||||||These were to support the organisation
through
the Covid-19pandemic.|
||||||||These
included
funding
from
Pen
y Cymoedd
Wind
Farm
Community
Fund
f25,000, Community
Foundation
Wales 615,000, RCT rates
relief 5162,000,|
||||||||Government
Job
Retention
Scheme
5175,564,
Lottery
Peopie
& Places|
||||||||Community
Fund 631,000, WEEE Fund
625,000, Lloyds
Bank
Foundation
F25,000,Tescof500, Co-operative
food 8500, and Neighbourly
F400.|
|Expenditure||||for|||The cost of providing
Charitable
activities decreased
in the year to F1,394,838|
|Charitable|||||||(61,418,959 in 2019).|
|Activities||||||||
||||||||The organisation
had increased
its staff numbers
and external
storage facilities|
||||||||at the
beginning
of 2020. With
support
from the Government's
Employment|
||||||||retention scheme,
all staff were able to be retained
during the year.|
||||||||During
the pandemic,
new items were purchased
in order to supply
essential|
||||||||furniture
&electrical items to our local council's Housing Advice Centre.|
||||||||Following
our re-opening
in July 2020, the number
of volunteers
8 placements|
||||||||that we are able to safely accommodate
was reduced
in order to comply
with|
||||||||social distancing
regulations.|
||||||||Included
in the above costs for Charitable
activities
are depreciation
costs of|
||||||||696,343a decrease on the previous
year of8194,022 due to the completion
of|
||||||||the Treorch
renovations.|
##
##
|FINANCIAL REVIEW (continued)|FINANCIAL REVIEW (continued)|FINANCIAL REVIEW (continued)|FINANCIAL REVIEW (continued)|FINANCIAL REVIEW (continued)|
|---|---|---|---|---|
|Net|movement|in|funds|With Grant and donation
support
received
during
the year enabled
the|
|||||organisation
to show an overall operating
surplus
on unrestricted
funds|
|||||off101,309.|
|||||A surplus off18,421 is in restricted
funds this year is after depreciation|
|||||has been deducted off83,581.|
|||||Af100,000donation
from Barclays Bank has been retained at the year-|
|||||end to support
the organisation
during
2021 as another
lockdown
was|
|||||planned.|
|||||The unrestricted
surplus
for the year has enabled
the organisation
to|
|||||increase its Designated
fund by f80,000.The remainder
will be retained|
|||||within the General Fund.|
|||||We are very grateful
to the Trusts
& Organisations
who have donated|
|||||grants
to us
during
the
year,
this
shows
how
much
the
work
of|
|||||toogoodtowaste
is valued.|
|Reserves Policy||||The organisation
aims to retain
adequate
reserves
to fund
both fixed|
|||||assets and working
capital.|
|||||It is the Trustees'
view that working
capital reserves
amounting
to three|
|||||months'
expenditure
are adequate, f300,000 (excluding
depreciation).|
|||||The organisation
also aims to retain an adequate
designated
reserve to|
|||||cover the closure costs arising
from a significant
reduction
in income|
|||||amounting
tof100,000.This designated
reserve has now been met.|
|||||The free reserves
i.e., those not tied up in fixed assets and designated|
|||||funds
held on 31stDecember 2020 amounted
to f42,742. While this is|
|||||significantly
below the f300,000figure set by the trustees,
the intention|
|||||remains to rebuild reserves to the desired
level as soon as feasible.|
|||||The trustees are aware ofthe risks of not having
sufficient reserves and|
|||||the reserves
policy
will
be reviewed
as part
of our
future
strategy|
|||||lannin
.|
|Pay|Policy|for|senior|The pay of senior staff is reviewed
annually
by the board of directors.|
|staff||||The organisation,
guided
by the board of directors,
have adopted a set|
|||||of principles
when setting
charity staff remuneration,
so as to achieve a|
|||||balance
between
fair pay to attract
and
keep appropriately
qualified
staff to lead, manage
and support or deliver the charit
's aims.|
##
##
##
|RISKEIANAGEMENT|||||||||
|---|---|---|---|---|---|---|---|---|
|Risk review|The|board
of directors
have|a
risk|management
strategy
which|||||
||compriises:||||||||
|||.An annual
review ofthe principal||risks and uncertainties
that the|||||
|||charity faces;|||||||
|||~ the establishment
of new|policies,||systems|and procedures||to|
|||mitigate those risks identified
in the|||annual
review; and||||
|||~ The
implementation
of|procedures||designed
to
minimise|||o|
|||manage
any potential
impact on||the charity||should|those
risks||
|||msterialise.|||||||
||Attention
is also focused on non-financial||||risks by|having a|proactive||
||approach
to Health
& Safety,||which|is|managed|by a|NEBOSH||
||qualified
member ofthe organisation.
As|||part ofthe||induction|process||
||all|new
personnel
(paid
and|unpaid)||receive|health|& safety||
||awareness
and manual
handling||trainin|.|||||
##
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##
##
##
|STRUCTURE|GOVERNANCE|8 MANAGEMENT
continued|||
|---|---|---|---|---|
|Vision Statement||Maximise
potential —Minimise waste|||
|Mission Statement||toogoodtowaste
is committed
to changing
people's
lives every day,|||
|||through
developing
and implementing
sustainable
Social Enterprises|||
|||that meet the changing
needs ofthe communities
we serve.|||
|Organisational|Structure|The Chief Executive Officer (CEO) is responsible
for the strategic|||
|||growth
and vision ofthe organisation,
reporting
to the Board of|||
|||Directors.|||
|||The Finance Manager is responsible
for the financial
accountability||and|
|||financial analysis,
reporting
to the CEO and Finance Sub Committee.|||
|||Other core staff include Retail Manager,
Operations
Manager,|||
|||Marketing
Officer, Trainer/Volunteer
Co-Ordinator,
Workshop|||
|||Supervisor,
Finance Assistant, 4 Domestic Appliance
Engineers, 7|||
|||Van Supervisors,
8 Customer Service Supervisors,
Warehouse|||
|||Supervisor,
Logistics Clerk, 2 Brica Bracsupervisors,
Electrical|||
|||Cleaning
Supervisor,
Call Centre Supervisor
and a Cleaner.|||
|||In addition to these 34 paid positions, the organisation
relies on|||
|||volunteer
support
from around 30 individuals
each day.|||
|Related parties||To identify and assist those people
in greatest need the organisation|||
|||works with other Charities,
Housing Associations,
Community
groups|||
|||and Local Authority
Social Services Departments,
to accept referrals||for|
|||free or discounted
furniture
packages.|||
|||There isa Memorandum
ofUnderstanding
with the Local Authority|||
|||Environmental
Services Department
and a partnership
agreement|with||
|||the Children's
Services Department.|||
|||As part of Reuse Network, agreements
have been|||
|||established
via commercial
contracts with DHL and Dixon|||
|||Group, Airsprung,
IKEA and John Lewis.|||
|||There isa legal charge on the property
(Ynyshir Road, Ynyshir CF39|||
|||OAT) as part ofthe Big Lottery/WG
Community
Asset Transfer Grant.|||
|||There isa legal charge on the property
(Horeb Street, Treorchy,|||
|||CF42 6RU) as part ofthe Big Lotte
Peo le &Places Grant.|||
##
##
|LEGAL AND|ADMINISTRATIVE DETAILS|ADMINISTRATIVE DETAILS||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charity name||toogoodtowaste|Limited|||||||||||||
|Registered|numbers|Company
Number: 03286173||||||||||||||
|||Charity
Number.|1064588|||||||||||||
|Registered|office|Ynyshir Road, Porth, CF39 OAT.||||||||||||||
|Other operating||Unit 3Aberaman|Ind. Park, Aberaman,||||Aberdare,||||Rhondda|||Cynon||
|premises||Taf CF44 6DA||||||||||||||
|||Units
1 &2 Ynyshir Road. Ynyshir,||||Porth,||Rhondda||||Cynon||TafCF39 OAT||
|||Horeb Street, Treorchy, Rhondda|||Cynon|||Taf,|CF42|||6RU||||
|||Unit 2, Pare Busnes Treorci, Abergorki|||||Industrial|||Estate,|||Treorchy.||CF42|
|||6DL||||||||||||||
|||Units 15a &16Gwent Shopping|||Centre,|||Tredegar.|||NP22||3EJ|||
|Board ofDirectors||Dave Henderson|||||||Chairman|||||||
|and Trustees||David Lewis|||||||Vice —Chairman|||||||
|||Dr. Dafydd Trystan Davies||||||||||||||
|||Malcolm Gay||||||||||||||
|||Rhiannon
Holtham||||||||||||||
|||Michael
Bryan||||||||||||||
|||Lee Foulkes||||||||||||||
|||Philip Moss||||||||||||||
|||Natasha
Lewis||||||||||||||
|||Stephen
Merritt|||||||Resigned||||12/1/2020|||
|||Kelvin Jones|||||||Appointed||||14/12/2020|||
|Advisors||Auditors||||||||||||||
|||Azets Audit Services, Chartered||Accountants|||||&Statutory||||Auditors,||Ty|
|||Derw, Lime Tree|Court, Cardiff|Gate Business|||||Park,|||Cardiff||CF23|8AB|
|||Bankers||||||||||||||
|||Barclays Bank Pic, Pontypridd,||Rhondda||||Cynon||Taf.CF37||||4YA||
|||Solicitors||||||||||||||
|||Eversheds
Sutherland,
1 Callaghan||||Square,|||Cardiff. CF10|||||5BT||
|Key Management||Shaun England
Rhian Edwards|Chief Executive Of/leer
Finance Manager 8 Company|||||||||Secretary||||
|||Miranda Keen|Retail Manager|||||||||||||
|||Geraint Davies|Operations||Manager|||||||||||
##
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##
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2020|2020|2020|2019|2019|2019|
|||Notes|6||8|8||6|
|m
n|||||||||
|Donations
and|legacies||18,580|125,000|143,580|11,376||11,376|
|Charitable
activities|||877,004|480,265|1,357,269|1,134,053|133,402|1,267,455|
|Other trading
activities|||1,479||1,479|3,870||3,870|
|Sale ofassets|||10,240||10,240||||
|T'otal Income|||907,303|605,265|1,512,568|1,149,299|133,402|1,282,701|
|Q~endi~u|||||||||
|Charitable
activities|||805,994|588,844|1,394,838|1,145,895|273,064|1,418,959|
|Net income/(expenditure)|||||||||
|for the year/|||||||||
|Net movement|in funds||101,309|16,421|117,730|3,404|(139,662)|(136,258)|
|Fund balances|at 1||||||||
|January 2020|||371,515|860,594|1,232,109|368,111|1,000,256|1,368,367|
|Fund balances|at 31||||||||
|December 2020|||472,824|877,015|1,349,839|371,515|860,594|1,232,109|
##
##
|||||2020||2019|
|---|---|---|---|---|---|---|
||||Notes|6||6|
|Fixed assets|||||||
|Tangible assets|||||1,107,097|1,202,194|
|Current assets|||||||
|Stocks|||12|18,032||8,629|
|Debtors|||13|44,658||58,221|
|Cash at bank and|in|hand||340,270||32,989|
|||||402,960||99,839|
|Creditors: amounts||falling due within|14||||
|one year||||(160,218)||(69,924)|
|Net current assets|||||242,742|29,915|
|Total assets less|current liabilities||||1,349,839|1,232,109|
|Income funds|||||||
|Restricted funds
~dti
t
y|||17||877,015|860,594|
|Designated
funds|||18|100,000||20,000|
|General unrestricted||funds||372,824||351,515|
||||||472,824|371,515|
||||||1,349,839|1,232,109|
##
##
||||||||2020||2019|
|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|5|||
|Cash flows from operating||||activities||||||
|Cash generated
from||operations||||25||248,288||
|Investing|activities|||||||||
|Purchase|oftangible|fixed|assets||||(1,247)||(79,997)|
|Proceeds|on disposal|oftangible|||fixed|||||
|assets|||||||10,240|||
|Net cash|generated|from/(used|||in)|||||
|investing|activities|||||||8,993||
|Financing|activities|||||||||
|Bank financing|||||||50,000|||
|Net cash|generated|froml(used|||In)|||||
|financing|activities|||||||50,000||
|Net increasel(decrease)|||in|cash and||cash||||
|equivalents||||||||307,281||
|Cash and|cash equivalents|||at beginning||ofyear||32,989||
|Cash and|cash equivalents|||at end of||year||340,270||
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||6|8|
|Service level agreement|||20,000|20,000|
|Performance
related grants|||480,265|133,402|
|Household
items supplied|||776,740|1,008,120|
|Social enterprise
projects|||80,264|105,933|
||||1,357,269|1,267,455|
|Analysis
by fund|||||
|Unrestricted
funds|||877,004||
|Restricted funds|||480,265||
||||1,357,269||
|Forthe year ended 31||December 2019|||
|Unrestricted
funds||||1,134,053|
|Restricted funds||||133,402|
|||||1,267,455|
|Performance
related|grants||||
|Big Lottery - Revenue|Grant||31,051|92,270|
|Job Retention Scheme|||175,564||
|Lloyds Bank Foundation|||25,000|25,000|
|Blaenau
Gwent|||20,000||
|RN WEEE Fund|||25,000||
|RCT Rates Grants|||162,000||
|Miscellaneous
Grants|||1,650|800|
|Community
Foundation||Wales|15,000||
|Co-op Community
Fund||||1,576|
|Pen YCymoedd
Wind|Farm||25,000|13,756|
||||480,265|133,402|
##
##
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
||||6|5|
|Sundry|income||581||
|Rental|income||898|3,870|
|Other|trading|activities|1,479|3,870|
##
||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||||funds||
||||||||2020|2019|
||||||||5||
|Net|gain|on|disposal|oftangible|fixed|assets|10,240||
##
##
##
##
|||2020|2019|
|---|---|---|---|
|||8|6|
|Staffcosts||790,299|698,859|
|Volunteer costs||37,345|82,993|
|Transport costs||133,210|140,332|
|Cost ofgoods||138,360|114,652|
|||1,099,214|1,036,836|
|Share ofsupport costs (see note 8)||290,311|376,623|
|Share ofgovernance|costs (see note 8)|5,313|5,500|
|||1,394,838|1,418,959|
|Analysis
by fund||||
|Unrestricted
funds||805,994|1,145,895|
|Restricted funds||588,844|273,064|
|||1,394,838|1,418,959|
|Forthe year ended|31December 2019|||
|Unrestricted
funds||1,145,895||
|Restricted funds||273,064||
|||1,418,959||
##
##
##
|8|Supportcosts|Supportcosts|||||||
|---|---|---|---|---|---|---|---|---|
|||||Support|Governance|2020|2019|Basis of|
|||||costs|costs|||allocation|
|||||5|||||
||Depreciation|||96,343||96,343|194,022|Staffcosts|
||Advertising|and meetings||5,377||5,377|9,704|Staffcosts|
||Premises|costs||124,356||124,356|106,416|Staff costs|
||Telephone|and administration||43,625||43,625|45,250|Staff costs|
||Legal and|professional|fees|4,183||4,183|4,398|Staff costs|
||Insurances|||10,424||10,424|10,655|Staff costs|
||Bank charges|||6,003||6,003|6,178|Staff costs|
||Audit fees||||5,313|5,313|5,500|Governance|
|||||290,311|5,313|295,624|382,123||
||Analysed|between|||||||
||Charitable|activities||290,311|5,313|295,624|382,123||
##
##
##
##
##
|The average
|number ofemployees,
analysed
by functio|n was:||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|Charitable
activities||32|29|
|Governance||2|2|
|||34|31|
|Employment|costs|2020|2019|
|||Z|6|
|Wages and salaries||728,257|640,221|
|Social security|costs|46,208|43,862|
|Other pension|costs|11,315|10,024|
|Staff training
and expenses||4,519|4,752|
|||790,299|698,859|
|Tangible fixe|d assets||||||||
|---|---|---|---|---|---|---|---|---|
||||Freehold|Leasehold|ONce|Tools and Motor vehicles||Total|
||||property
6|improvements
6|equipment
E|equipment
f|6|8|
|Cost|||||||||
|At 1 January|2020||1,660,777|7,960|11,805|7,207|43,5181,731,267||
|Additions|||1,247|||||1,247|
|Disposals|||||||(43,518)|(43,518)|
|At 31 December 2020|||1,662,024|7,960|11,805|7,207|-1,688,996||
|Depreciation|and||||||||
|impairment|||||||||
|At 1 January|2020||466,144|7,960|8,627|2,825|43,518|529,074|
|Depreciation|charged|in the|||||||
|year|||93,542||1,604|1,197||96,343|
|Eliminated
in|respect of||||||||
|disposals|||||||(43,518)|(43,518)|
|At 31 December 2020|||559,686|7,960|10,231|4,022||581,899|
|Carrying
amount
At 31 December 2020|||1,102,338||1,574|3,185|-1 107097||
|At 31 December 2019|||1,194,631||3,181|4,382|-1,202,194||
##
##
##
##
|12|Stocks|||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||6|2|
||Finished goods and goods for resale|||18,032|8,629|
|13|Debtors|||||
|||||2020|2019|
||Amounts
falling due within one year:|||6|6|
||Trade debtors|||12,383|14,068|
||Other debtors|||5,554|8,762|
||Prepayments|and accrued income||26,721|35,391|
|||||44,658|58,221|
|14|Creditors: amounts
falling due within one year|||||
||||Notes|2020f|2019
5|
||Bankloans||15|50,000||
||Deferred income|||16,715|11,227|
||Trade creditors|||27,268|37,438|
||Other creditors|||19,455|15,879|
||Accru ale|||46,780|5,380|
|||||160,218|69,924|
|15|Loans and overdrafts|||||
|||||2020|2019|
||||||E|
||Bank loans|||50,000||
||Payable within|one year||50,000||
##
##
##
##
##
|Deferred incom|e|(C|ontinued)|
|---|---|---|---|
|||6|8|
|Balance brought|forward|11,227|38,756|
|Income received|in the year|16,715|38,756|
|Released to income||(11,227)|(66,285)|
|Balance carried|forward|16,715|11,227|
##
|||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|
||Balance at|Incoming|Resources|Balance at|Incoming|Resources|Balance at|
||1January 2010|resources|expendedt|January 2020|resources|expended|31 December|
||||||||2020|
||||||6|6|8|
|Welsh||||||||
|Church Act-||||||||
|Capital|6,000||(2,000)|4,000||(2,000)|2,000|
|Big Lottery-||||||||
|Community||||||||
|Asset||||||||
|Transfer-||||||||
|Capital|361,872||(14,797)|347,075||(14,797)|332,278|
|SEWCED||||||||
|Electrical-||||||||
|Capital|7,881||(2,626)|5,255||(2,626)|2,629|
|WRAP-||||||||
|Capital|573||(573)|||||
|RCT||||||||
|Together-||||||||
|Capital|9,450||(9,450)|||||
|Welsh||||||||
|Government||||||||
|CFAP-||||||||
|Capital|121,045||(40,348)|80,697||(40,348)|40,349|
|Big Lottery-||||||||
|People &||||||||
|Places-||||||||
|Capital|368,038|31,775|(99,088)|300,725||(17,159)|283,566|
|Miscellaneou||||||||
|s - Capital|476||(462)|14||(14)||
|Pen y||||||||
|Cymoedd||||||||
|Wind Farm-||||||||
|Capital|123,921|13,756|(14,849)|122,828||(6,635)|116,193|
|Groundwork||||||||
|UK (Tesco)|1,000||(1,000)||500|(500)||
|Lloyds Bank||||||||
|Foundation||25,000|(25,000)||25,000|(25,000)||
##
##
##
|Restricted funds||||||(Continued)|(Continued)|
|---|---|---|---|---|---|---|---|
|Moondance||||||||
|Foundation|||||25,000|(25,000)||
|Miscellaneou||||||||
|s||2,376|(2,376)||1,150|(1,150)||
|Big Lottery-||||||||
|People 8||||||||
|Places||60,494|(60,494)||31,051|(31,051)||
|Welsh||||||||
|Government|||||182,000|(182,000)||
|Job||||||||
|Retention||||||||
|Scheme|||||175,564|(175,564)||
|Barclays||||||||
|Bank|||||100,000||100,000|
|Pen y||||||||
|Cymoedd||||||||
|Wind Farm|||||25,000|(25,000)||
|Reuse||||||||
|Network|||||25,000|(25,000)||
|Community||||||||
|Foundation||||||||
|Wales|||||15,000|(15,000)||
||1,000,256|133,401|(273,063)|860,594|605,265|(588,844)|877,015|
##
##
##
##
||||||||Movement||
|---|---|---|---|---|---|---|---|---|
||||||||in funds||
|||||Balance at|Transfers|Balance at|Incoming|Balance at|
||||1|January 2010|1|January 2020|resources|31 December|
|||||||||2020|
|||||||||8|
|Project|closure|costs||30,000|(10,000)|20,000|80,000|100,000|
|||||30,000|(10,000)|20,000|80,000|100,000|
##
##
|19|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2020|2020|2020|2019|2019|2019|
||||6|8||6|6|f|
||Fund balances at||||||||
||31 December||||||||
||2020 are||||||||
||represented|by:|||||||
||Tangible assets||330,082|777,015|1,107,097|341,600|860,594|1,202,194|
||Current assets/||||||||
||(liabilities)||142,742|100,000|242,742|29,915||29,915|
||||472,824|877,015|1,349,839|371,515|860,594|1,232,109|
##
##
##
##
##
##
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||6|6|
||Within one year|||||98,768|115,654|
||Between two and five years|||||117,112|162,446|
|||||||215,880|278,100|
|25|Cash generated
from|operations||||2020|2019|
|||||||6||
||Surplus/(deficit)
for the|year||||117,730|(136,258)|
||Adjustments
for:|||||||
||Gain on disposal oftangible||fixed assets|||(10,240)||
||Depreciation
and impairment||of|tangible fixed assets||96,343|194,022|
||Movements
in working|capital:||||||
||(Increase)
in stocks|||||(9,402)|(7,629)|
||Decrease
in debtors|||||13,563|32,226|
||Increase in creditors|||||34,806|2,756|
||Increase/(decrease)
in|deferred||income||5,488|(27,529)|
||Cash generated
from|operations||||248,288|57,588|
|26|Analysis ofchanges|in net|funds|||||
||||||At 1 January|Cash flows|At 21 December|
||||||2020||2020|
||||||6|6|6|
||Cash at bank and in hand||||32,989|307,281|340,270|
||Loans falling due within one||year|||(50,000)|(50,000)|
||||||32,989|257,281|290,270|