#
#
##
||||Page|
|---|---|---|---|
|Trustees report|||1-11|
|Statement of|trustees|responsibilities|12|
|Independent|auditor's|repor|13-15|
|Statement of|financial|activities|16|
|Balance sheet|||17-18|
|Statement of|cash flows|||
|Notes to the|financial|statements|20-36|
##
##
|Objects|&|principal|principal|The company
is registered to assist with the relief of poverty:|
|---|---|---|---|---|
|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|
|||||advancin
more sustainable
waste mana
ement
ractices.|
|Providing|access to|||Within
all showrooms,
donated goods are offered for sale at secondhand
market|
|affordable|household|||value
after they
have
been
quality
controlled,
sorted,
cleaned
and
safety|
|items||||checked.|
|||||The company also operates an electrical g gas domestic appliances
re-use facility|
|||||that complies with all WEEE &Gas Safe regulations.|
|||||The company offers free ordiscounted
furniture
packages to individuals
referred|
|||||to them for hei
and at times of crisis and su
ort.|
|Providing|opportunities|||We aim to increase
social
skills and employment
opportunities
by providing|
|tovolunteer||g train||volunteers
with work-based
learning
and training.|
|||||Volunteers
assist us with a range of activities 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.|
|Recycling|and 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 off for 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
organisations
(end-of-line or returned
goods).|
|||||The company
operates
a Property
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
carders'
license
and
is an Approved
and|
|||||Authorised
Transfer Facility (AATF) and an Approved
Re-use Centre (ARC).|
##
##
##
|The trustees have|The trustees have|The trustees have|referred to the guidanre
contained
in the Charity Commissions'
general guidance on|referred to the guidanre
contained
in the Charity Commissions'
general guidance on|
|---|---|---|---|---|
|public benefit.
d
b'
t'||The
th|trustees
will continue to consider how planned
activities
will contribute to the aims
h
t,||
|Significant||||All services, including
buying from the charity showrooms
are open to everyone|
|activities||||in order to maxirnise
the volume
of items re-used
and income
generated
to|
|undertakento||||support the chadtable
aims and objectives ofthis organisation.|
|further its|||||
|charitable||||The organisation
has also created its own hardship
budget to cover the costs of|
|purposes|for|||stock provided free ofcharge to individuals
who have no other means of financial|
|public benefit||||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 fx alcohol|
|||||support services, churches, mental
health groups, etc.)The practical help provided|
|||||by this organisation
enhances
the work of its partners,
therefore
increasing
the|
|||||overall impact of the assistance
provided.|
|||||Many of the people referred
to this organisation
for help are in crisis situations|
|||||without
any financial
support. The organisation
helps immediately
or as soon as|
|||||possible to people affected
by domestic
violence
and other
life affecting crisis|
|||||situabons.|
|||||The organisation
values the contdbution
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 expedence, 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.|
|||||External grants are sought to provide match funding for our activities.|
##
|Below|is some of|the great work we have done, the difference
made to the local community|and some of|and some of|
|---|---|---|---|---|
|the achievements||ofour staff and volunteers.|||
|Maintaining||The partnership
working
with
DHL / Dixon Carphane
Group
has|continued||
|gr increasing||to provide access to re-usable
domestic
appliances'WEEE,|||
|quality|grquantity||||
|ofgoods available||We received commercial
donations
fram IKEA, John l.ewis, Airsprung,|Relyon,||
|||Asda, BoConcept. David Phillips
and Spectrum
Healthcare.|||
|||We also worked
with
Parr Prisons workshops
where they provided|mattress||
|||cleaning,
electrical
PA'T Testing, upcycling offurniture
as well as building
flat pack|||
|||furniture.|||
|Local||Commercial
office clearances completed
for Halfords, Reach, BBIand|others during||
|community||the year meant that we could supply
office furniture
to our local community||at|
|support-||affordable
prices whilst also diverting
from landfill.|||
|||Our connection
with Treorchy
Primary srhool continued
where we supplied
them|||
|||with free books during the year and pupils attended
our Treorchy showroom ta||sing|
|||Carols around the Christmas
tree in the courtyard.|||
|||Our Treorchy Community
space was used during the year by:|||
|||Rhandda
Radio as their second recording studio|||
|||Love Treorchy
as office
space
and
additional
storage
space
urithin||our|
|||warehouse|||
|||Rhondda
Foodbank to sort and stare the faodbank
items|||
|||Pen-Y-Cymoedd
Wind Farm Community
Fund.|||
|||A number
of free events
were
held
during
the year across
all our showraorns|||
|||including
free toys for children at half term holidays.|||
|||At Christmas,
ag our showrooms
set up a Santa Sleigh around
our 12ft Christmas|||
|||Trees so Children
could visit and have a lovely Christmas
picture taken.|||
|||We donated
furniture
and other items to local groups
and causes,|including|the|
|||Rhondda
Radio, Aberkenfig
Welfare Society Foodbank,
Penygraig
Boys and Girls|||
|||club, Arts Community
Church,
Repair Cafe Cardiff, Bethel Baptist Church,
Ysgol|||
|||Gynradd
Gymraeg
Ferndale,
Cefn Forest
Primary
School and
Ysgol
Nantgwyn|||
|||Tonypandy.|||
|||Over 170 requests
for assistance
from our referral
partners
were|also received||
|||during
the year identifying
lacal
individuals
and families
in need.|This included||
|||people
leaving
temporary
accommodation
following
homelessness,|individuals||
|||entering their first tenancy
with no financial
means or families requiring
assistance|||
|||with essential
living
furniture
due to change
in circumstances.
Suppart
was||also|
|||given to refugees being housed within the local area.|||
##
##
|ACHIEVEMENTS AND PERFORMANCE CONTINUED-|ACHIEVEMENTS AND PERFORMANCE CONTINUED-|ACHIEVEMENTS AND PERFORMANCE CONTINUED-|ACHIEVEMENTS AND PERFORMANCE CONTINUED-|
|---|---|---|---|
|Providing|||Volunteer
numbers
are still reduced
since the Covid-19 pandemic
however
the|
|opportunities||to|organisation
greatly
appreciates
the time and support
our volunteers
give to the|
|volunteer|Ik|train|organisation,|
||||119Volunteers
completed
over 26,000 hours
in the year with 7 of them finishing|
||||their volunteering
placement
with us to start paid employment.|
||||In 2022, we also welcomed
11 young
people
aged
between
16-24 into
the|
||||organisation
to
complete
6 months
paid
employment.
5 Customer
Services|
||||assistants
and 6Warehouse
assistants
were able to gain valuable
work experience|
||||as part of Governments
Kickstart Scheme.|
||||Wethanked
all our volunteers
throughout
the year with regular 'Fish Ix Chip' Fridays|
||||and thank you gifts during
National
Volunteers
Week and had a further celebration|
||||at Christmas.|
|Recycling g
management||waste|1,065 Tonnes
of waste(161,000 re-useable
electrical and household
items) was
diverted
from landfill
in 2022 an increase of397tonnes on the previous year.|
||||During the year our van teams collected over 180,000 items from local residents
and
commercial
donators.
We also completed
214
commercial/household|
||||Clearance
senrices
which
collected over 6,000 items.|
##
##
##
|Following|on from a few challenging
and unsettling
years since Covid-19, the organisation
was then|on from a few challenging
and unsettling
years since Covid-19, the organisation
was then|on from a few challenging
and unsettling
years since Covid-19, the organisation
was then|||
|---|---|---|---|---|---|
|affected|by|a cost of living crisis during the year however we are pleased to report that we were able|||to|
|complete|a|full trading year in 2022.||||
||||A donation
from Barratt Developments
forE1,500was used to purchase 2|||
|income from|||defibrillators.|||
|donations|and|||||
|legacies|||Income generated
from Gift Aid Relrnli Scheme stas E8,550|||
|Income from|||. c
The Servire level agreement
with RCTi'&Es(vjytlnmental
services was maintained||at|
|Charitable|||E20,000for the year.|||
|Activities||||||
||||Income generated
through
our charity showrooms
from the sales of electrical|and||
||||household
items increased
by 30K to E960,446 as the result of a full trading year|||
||||and no imposed lockdowns
for Covid-19.|||
||||Income from Social Enterprise
projects increased toE225,659(2021:E185,503||) in|
||||the year due to more staff being able to undertake
the additional
commercial|and||
||||local household
property clearances.|||
||||The value of performance
related grants was F88,380(2021:E239,767).|||
||||~
E12,000Welsh Government
Non-Domestic
Rates Support|||
||||~
E76,380Government
Kickstart Scheme to provide paid work experience for|||
||||11young people.|||
|Expenditure||for|The organisation
continued
to review
its operational
costs and
made
savings|||
|Charitable|||wherever
possible. The total cost of providing
Charitable
activities
in the year|was||
|Activities|||E1,377,477(2021:E1,309,376).|||
||||The organisation
increased
its salary rate in line with the National
Living Wage|and||
||||with
support
from the Government's
Kickstart
Scheme,
was able to give
paid|||
||||employment
to11young people for 6 months,|||
||||New
items continued
to be purchased
in order to supply
essential
furniture||6|
||||electrical
items to our local council's
Housing
Advice
Centre
and other
referral|||
||||partners.|||
||||During the Covid-19 pandemic, the Charity took the opportunity
to apply for a|loan||
||||under the Government
backed Bounce Back Scheme and repayments
of this|loan||
||||started
in 2022.|||
||||Included
in the above costs for Charitable
activities
are depreciation
costs||of|
||||E63,130an decrease on the previous
year ofE106,052 as some capital assets||am|
||||now full
de reciated.|||
|Net movement
in|||The organisation
shows a deficit on unrestricted
funds for the year ofE19,S31,|||
|nds|||this includes depreciation
of assets ofE14,377.|||
||||A deficit of E48753 in restricted
funds
this year is due to depreciation
of|||
||||capital assets.|||
##
##
|Reserves Policy|Reserves Policy||The organisation
aims to retain
adequate
reserves
to fund
both fixed||
|---|---|---|---|---|
||||assets, working
capital and closure costs.||
||||W~ki
C||
||||It is the Trustees
view that a working capitalreserve
amounting
to three||
||||months'
expenditure
is adequate, f300,000(exduding
depreciation).
This fund currently
stands atfS0,000and was not increased
in 2022. It is||
||||the intention
to increase this to the desired
level as soon as is feasible.||
||||Closure Costs||
||||A designated
reserve has been created to cover the costs that would
arise||
||||ifthe organisation
were to see a significant
reduction
in income that would||
||||cause ittoclose.The anticipated
costs for this isf100,000and is now being||
||||held in a Designated
Reserve Fund.||
||||Free Reserves||
||||The free reserves i.e.,those not tied up in fixed assets and designated||
||||funds held on 31st December 2022 amounted
to E35,248.||
||||The trustees
are aware of the risks of not having
sufficient
reserves and||
||||the reserves policy will be reviewed
as part ofour future strategy
planning.||
|Pay|Policy for|senior sta|The pay of senior staff is reviewed
annually
by the board of directors. 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 new staff and to keep appropriately||
||||qualified
staff to lead, manage
and support or deliver the charity's aims.||
##
##
##
##
##
|Vision Statement|Vision Statement|Maximise potential
—Minimise waste||
|---|---|---|---|
|Mission Statement||toogoodtowaste
is committed to changing
peoples'
lives every day,||
|||through
developing
and implementing
sustainable
Social Enterprises|that|
|||meet the changing needs of the 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, Treasurer
and Finance||
|||Committee.||
|||The Retail Manager
and Operations
Manager are responsible
for the day||
|||to day sales activffies and operational
processes
in ag ofthe branches.||
|||The management
team is supported
a Finance Officer, Marketing||
|||Officer, Workshop
Supervisor,
Finance Assistant, 4 Domestic Appliance||
|||Engineers, 7Van Drivers supervisors,
8customer service supervisors,||
|||Warehouse
Supervisor,
Logistics Clerk, 2 Brica Brac supervisors,||
|||Electrical cleaning supervisor,
call centre supervisor
and a cleaner.||
|||In addition to these 33paid positions, the organisation
relies on||
|||volunteer
support from around 15individuals
each day.||
|Related parties||To identify and assist those people in greatest need the organisation||
|||workswith
other Charities,
Housing Associations,
Community
groups||
|||and Local Authority
Social Services Departments,
to accept referrals|for|
|||free or discounted
furniture
packages.||
|||There isa Memorandum
of Understanding
with the Local Authority|(LA)|
|||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, irsprung,
IKEA and||
|||John Lewis.||
|||There is a legal charge on the property
lynyshir
Road, Ynyshir CF390AT)||
|||as part ofthe Big Lottery/WG
Community
Asset Transfer Grant. Dated||
|||9~March 2012||
|||There isa legal charge on the property (Horeb Street, Treorchy, CF42
6RU) as part of the Big Lottery People &Places Grant. Dated 1a||
|||February 2018||
##
|Charity name|Charity name|taogoadtowaste|Limited|Limited||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Registered|numbers|Company
Number:||03286173||||||||||
|||Charity Number:||1064588||||||||||
|Registered|office|Ynyshir Road, Porth, CF39OAT.||||||||||||
|Other operating||Unit 3Aberaman|ind, Park, Aberarnan,|||||Aberdare,|||Rhondda||Cynan Taf, CF44|
|premises||6DA||||||||||||
|||Units 16 2Ynyshir||Road. Ynyshir,|||Parth,||Rhondda||Cynon|Taf, CF39OAT||
|||Hareb Street, Treorchy,|||Rhondda||Cynon||Taf, CF42 6RU|||||
|||Dave Henderson|||||||||Chairman|||
|Board ofDirectors and
Trustees||Malcolm Gay
Kelvin Jones|||||||||Vice —Chairman
Treasurer|||
|||David Lewis||||||||||||
|||Dr. Dafydd Trystan||Davres||||||||||
|||Michael Bryan||||||||||||
|||Philip Moss||||||||||||
|||Natasha
Lewis||||||||||||
|||Rowenna
Williams||||||||||||
|||Rhiannon
Holtham|||||||||Resigned||2S'"July 2023|
|Advisors||Auditors||||||||||||
|||Azets Audit Services, Chartered||||Accountants 6||||Statutory||Auditors, Ty Derw,||
|||Lime Tree Court,|Cardiff||Gate|Business|||Park, Cardiff CF238AB|||||
|||Bankers||||||||||||
|||Barclays Bank Pic, Pontypridd,||||Rhondda|||Cynon|Taf.CF374YA||||
|||Solidtors||||||||||||
|||Geldards
LLP,4|Capital||Quarter,||Tyndall||Street, Cardiff.|||CF104BZ||
|Key Management||Shaun England
Rhian Edwards|||Chief Executive Officer
Finance Ivlanager6
Company|||||||Secretary||
|||Miranda Way|||Retail||Manager|||||||
|||Geraint Davies|||Operations|||Manager||||||
##
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##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2022
f|2022f|2022
f|2021
f|2021
f|2021f|
|Income from:|||||||||
|Donations
and|legacies|3|13,158||13,158|13,698||13,698|
|Charitable
activities||4|1,206,105|88,380|1,294,485|946,345|239,767|1,186,112|
|Other trading activities||5|1,550||1,550|100||100|
|Total income|||1,220,813|88,380|1,309,193|960,143|239,767|1,199,910|
|E~dd|||||||||
|Charitable
activities||6|L240,344|137,133|1,377,477|908,799|400,577|1,309,376|
|Net expenditure|forthe|year/|||||||
|Net movement|in funds||(19,531)|(48,753)|(68,284)|51,344|(160,810)|(109,466)|
|Fund balances at1January
2022|||524,168|716,205|1,240,373|472,824|877,015|1,349,839|
|Fund balances at31December|||||||||
|2022|||504,637|667,452|1,172,089|524,168|716,205|1,240,373|
##
##
||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|8||||
|Fixed assets|||||||
|Tangible assets||10||986,841||1,047,521|
|Current assets|||||||
|Stocks||11|2,942||7,779||
|Debtors||12|45,539||53,272||
|Cash at bank and in|hand||278,123||289,040||
||||326,604||350,091||
|Creditors: amounts|falling due within one||||||
|year|||(117,189)||(123,072)||
|Net current assets||||209;415||227,019|
|Total assets less current liabilities||||1,196,256||1,274,540|
|Creditors: amounts
than one year|falling due after more|16||(24,167)||(34,167)|
|Net assets||||1,172,089||1,240,373|
|income funds|||||||
|Restricted funds||17||667,452||716,205|
|U
tiffs|||||||
|Designated
funds||18|150,000||150,000||
|General unrestricted|funds||354,637||374,168||
|||||504,637||524,168|
|||||1,172,089||1,240,373|
##
##
##
##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating|activities|||||||
|Cash generated
from operations|||25||1,533||1,080|
|Investing activities||||||||
|Purchase of tangible fixed|assets|||(2,450)||(46,477)||
|hlet cash used in investing|activities||||(2,450)||(46,477)|
|Financing activities||||||||
|Repayment
of borrowing||||(10,000)||(5,833)||
|Net cash used in financing|activities||||(10,000)||(5,833)|
|Net decrease in cash and|cash equivalents||||(10,917)||(51,230)|
|Cash and cash equivalents|at beginning|ofyear|||289,040||340,270|
|Cash and cash equivalents|at end ofyear||||278,123||289,040|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Freehold|property|5-20% per annum|
|---|---|---|
|Leasehold|improvements|20%on cost|
|Office equipment||25%on cost|
|Tools and|equipment|33.3%on cost|
|Community
asset tronsfen|Community
asset tronsfen||
|---|---|---|
|Land||nat depreciated|
|CATconstruction|costs|5%an cost|
|Entrust||20%on cost|
|Rank||20%on cost|
|Welsh Church Act||20%on cost|
|Professional/other|fees|100%on cast|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|||8|8|
|Donations|and gifts|13,119|13,698|
|Members|contdbutions|39||
##
##
##
||||2022f|2021f|
|---|---|---|---|---|
||Service level agreement||20,000|20,000|
||Performance
related grants||88,380|239,767|
||Household
items|supplied|960,446|740,843|
||Social enterprise|projects|225,659|185,502|
||||1,294,485|1,186,112|
||Analysis
by fund
Unrestdicted
funds||L206,105|946,345|
||Restdicted funds||88,380|239,767|
||||1,294,485|1,186,112|
||Performance
related grants||||
||Job Retention
Scheme|||124,247|
||Lloyds Bank Foundation
RCT Rates Grants||12,000|25,000
54,000|
||DWP - Kickstart||76,380||
||RCT CBCWelsh|Towns||36,520|
||Other||||
||||88,380|239,767|
|5|Other trading activities||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2022f|2021
f|
||Rental income||1,550||
##
##
##
|||2022|2021|
|---|---|---|---|
|||f|f|
|Staff costs||871,616|737,989|
|Volunteer costs||42,287|38,003|
|Transport costs||149,024|154,560|
|Cost ofgoods||101,190|110,237|
|||1,164,117|1,040,789|
|Share of support costs (see note 7)||206,960|262,892|
|Share of governance|costs (see note 7)|6,400|5,695|
|||1,377,477|1,309,376|
|Analysis
by fund
Unrestricted
funds||1,240,344|908,799|
|Restricted funds||137,133|400,577|
|||1,377,477|1,309,376|
|For the year ended
Unrestricted
funds|31December 2021|908,799||
|Restricted funds||400,577||
|||L309,376||
##
##
##
|Support costs|Support costs|Support costs|||Governance||||
|---|---|---|---|---|---|---|---|---|
|||||Support||2022|2021|Basis of|
|||||costs|costs|||allocation|
|||||E|E|E|E||
|Depreciation||||63,130||63,130|106,053|Staff costs|
|Advertising||and meetings||3,645||3,645|3,727|Staff costs|
|Premises costs||||64,863||64,863|87,458|Staff costs|
|Telephone||and administration||44,489||44,489|42,521|Staff costs|
|Lega! and||professional|fees|9,710||9,710|4,535|Staff costs|
|Insurances||||11,553||11,553|11,595|Staff costs|
|Bank charges||||9,570||9,570|7,003|Staff costs|
|Audit fees|||||6,400|6,400|5,695|Governance|
|||||206,960|6,400|213,360|268,587||
|Analysed|between||||||||
|Charitable||activities||206,960|6,400|213,360|268,587||
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||Number|Number|
|Charitable|activities||37|33|
|Governance|||2|2|
||||39|35|
|Employment||costs|2022|2021|
||||E|E|
|Wages and|salaries||797,507|672,210|
|Soaal security costs|||55,322|48,623|
|Other pension costs|||14,268|12,404|
|Staff training||and expenses|4,519|4,752|
||||871,616|737,989|
##
##
##
##
|10|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|
||||Freehold|Leasehold|Office|Toolsaod|Total|
||||property
f|improvements
f|equipmentf|equipmentf||
||Cost|||||||
||At 1January 2022||1,664,320|14,339|49,607|7,207|1,735,473|
||Additions|||||2,450|2,450|
||At 31December 2022||1,664,320|14,339|49,607|9,657|1,737,923|
||Depreciation
and impairment
At 1January 2022||651,647|8,810|22,275|5,219|687,951|
||Depreciation
charged|in the year|47,024|1,276|13,072|1,759|63,131|
||At 31December 2022||698,671|10,086|35,347|6,978|751,082|
||Carrying
amount|||||||
||At31December 2022||965,649|4,253|14,260|2,679|986,841|
||At 31December 2021||1,012,672|5,528|27,333|1,988|1,047,521|
##
|Stocks||||
|---|---|---|---|
|||2022f|2021
f|
|Finished goods and goods for resale||2,942|7,779|
|Debtors||||
|Amounts
falling due within one year.||2022f|2021f|
|Trade debtors||17,515|2,952|
|Other debtors||2,809|2,454|
|Prepayments|and accrued income|25,215|47,866|
|||45,539|53,272|
##
##
|13|Creditors: amounts|Creditors: amounts|falling due within one year|falling due within one year|falling due within one year|||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Notes|2022
5|2021f|
||Bank loans||||||15|10,000|10,000|
||Deferred|income|||||14|19,841|17,144|
||Trade creditors|||||||24,073|34,170|
||Other creditors|||||||26,721|23,147|
||Accruals|||||||36,554|38,611|
|||||||||117,189|123,072|
|14|Deferred|income||||||||
|||||||||2022|2021f|
||Other deferred
income|||||||19,841|17,144|
||Deferred|income is included|||in the financial statements|as follows:||||
|||||||||2022|2021|
|||||||||E|5|
||Deferred|income is included|||within:|||||
||Current|liabilities||||||19,841|17,144|
||Movements
in the year:|||||||||
||Deferred|income at|1January||2022|||17,144|16,715|
||Released|from previous||periods||||(17,144)|(16,715)|
||Resources deferred||in the year|||||19,841|17,144|
||Deferred|income at|31|December 2022||||19,841|17,144|
|15|Loans and overdrafts|||||||||
|||||||||2022f|2021f|
||Bank loans|||||||34,167|44,167|
||Payable|within one year||||||10,000|10,000|
||Payable|after one year||||||24,167|34,167|
##
##
|16|Creditors: amounts|falling due after more than one year||||
|---|---|---|---|---|---|
||||Notes|2022f|2021
g|
||Bank loans||15|24,167|34,167|
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##
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##
|||||||||||Movement|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||in funds|||
||||||||Balance at|Transfers|Baianceat|Incoming||Balance at|
|||||||1|January 2O21||1January 2022|resources||31December|
|||||||||f|f|||2022f|
||Project closure costs||||||100,000|50,000|150,000|||150,000|
||||||||100,000|50,000|150,000|||150,000|
||Project closure - The||board recognise the|||need to maintain||a reserve|to cover the|closure costs arising from a|||
|significant||reduction|in income. The amount||||has been increased
by E50,000 in 2021as a result||||of the surplus||
||position at|the year end.|||||||||||
|19|Analysis|of net assets between|||funds||||||||
|||||Unrestricted|||Restricted|Total|Unrestricted|Restricted||Total|
||||||funds||funds||funds|funds|||
||||||2022f|||2022f|2021
E|2021
E||2021f|
||Fund balances at 31||||||||||||
||December|2022 are|||||||||||
||represented|by:|||||||||||
||Tangible assets|||319,389|||667,452|986,841|353,664|693,857||1,047,521|
||Current assets/(liabilities)|||209,415||||209,415|204,671|22,348||227,019|
||Long term|liabilities||(24,167)||||(24,167)|(34,167)|||(34,167)|
|||||504,637|||667,452|1,172,089|524,168|716,205||1,240,373|
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||8|8|
|Aggregate|compensation|143,763|136,833|
##
|non-cancellable
operating
leases, which fall due as follows:|||
|---|---|---|
||2022|2021|
||8|E|
|Within one year|5,182|90,513|
|Between two and five years|33,666|84,748|
||38,848|175,26|
|||2|
##
##
##
|25|Cash generated from operations|Cash generated from operations||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
||Deficit for the year|||(68,284)|(109,466)|
||Adjustments
for:|||||
||Depreciation
and impairment
of tangible fixed assets|||63,130|106,053|
||Movements
in working capital:|||||
||Decrease
in stocks|||4,837|10,253|
||Decrease/(increase)|in debtors||7,733|(8,614)|
||(Decrease)/increase|in creditors||(8,580)|2,425|
||Increase
in deferred|income||2,697|429|
||Cash generated
from operations|||1,533|1,080|
|26|Analysis ofchanges|in net funds||||
||||At 1Jaauarv|Cash flows|At31December|
||||2022||2O22|
||||E|E|E|
||Cash at bank and in|hand|289,040|(10,917)|278,123|
||Loans falling due within one year||(10,000)||(10,000)|
||Loans falling due after more than one year||(34,167)|10,000|(24,167)|
||||244,873|(917)|243,956|