Company Reglstrdtlon No,. 03226397 Registered Charity No: 1064957 LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED CONTENTS Pago Legal and Administrative Information R6POrt of the Management Committee Independent Examiners, Report Statement of Financial Activities Balance Sheet Note5 to the accounts 8-14
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 JULY 2024 Company Reglstration number 03228397 Registergd charity number 1064957 Reg18tered offlce 23a Bridgend Road Llanharan Ponty¢lun Rhondda Cynon Taf CF72 9RD Dlrectors and Management Comlttee Members Mr SW Russell Mr D Russell Mrs J Hawkshaw Mr G Butler Mlss S Turton Dr B Hallingberg Miss BL Thomas Mrs J Hardy Chairperson Treasurer Company Secretary Miss S Turton Co<•rdlnatorlManagor Mrs K Evan8 Bank?r8 HSBC plc 61 High Street Cowbridge South Glarnorgan CF717YJ Reportlng accountants Williams Ross Limited 4 Ynys Bridge Court Gwaelod Y Garth Cardiff CF15 9SS
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED REPORT OF THE MANAGEMENT COMMITTEE (eontjnued) YEAR ENDED 31 JULY 2024 The Trustees present their annual report and financial statements for the year ended 31 July 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes and the trust deed. The financial statements comply with the Charitles Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Ststement 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 2015). Structure¥ governance and management Governlng documont The organisation is a charitable company limited by guarantee and was incorporated on 18 July 1996. The company was established under a Memorandum of Associatlon which establlshed the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up, members are required to contrlbute an amount not exceedlng £1. Charltablo status The company was granted charitable status on 21 October 1997. Prlnclpal actlvlty and publlc benfrflt statement The principal activity of the company Is to relieve povety, advance education 8nd provide facilities for recreation and leisure time occupation in particular within the community of Llanharan and with particular regard to such persons who are unemployed or are suffering the consequences of economic disadvantage. The company benefits the public by provision of training and resources through such charitable means as may be deemed appropriate in order to contribute to the development of the area both economically and soci811y. Dlrectors and tholr Interests The directors of the company are listed on page 1 of these accounts. None of these directors held any shares as the company is limited by guarantee. The dlrectors give thelr time freely and receive no financial benefits other than the payment of expenses. Rocrultment of Dlrector8 l Trustees Full membership of the Charity is open to any person who lives or works In Llanharan or the Immediately surrounding area. Directors are appointed in accordance with the Charity's Articles of Association at the AGM, with at least thirds of the directors being full members of the Charity. Advertisements are placed in local free newspapers, magazlnes and in shops and the Drop-ln Centre to widen the recruitment opportuntties. Overall alms Llanharan Community Development Project Limited seeks: To identify and address the needs of the people within Llanharan, Brynna and Bryncae and in so doing, to create a stronger sense of communty throughout the area. To maintain a not-for-profit company and charity to provlde training, employment, social and recreational services that meet identified needs. To develop effective working partnerships wlth a range of relevant organisations to achieve our aims. To strengthen the management committee board by identifying strengths and applicable skills of indlviduals whom are keen to sit at a governance level. To extend our seNices wider. where possible wtthin the community to support the needs of local residents.
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED REPORT OF THE MANAGEMENT COMMrrTEE Icontinued) YEAR ENDED 31 JULY 2024 Actlvltles and achievements LCDP (Local Community Development Project) is entering its 28th year of operation, continuing to serve as a respected community hub dedicated to supporting individuals of all ages. The organisation continues to offer a wide range of services and programmes that meet the diverse needs of the lo1 population, while maintaining strong collaborative partnerships to drlve successful outcomes across various community projects. LCDP'S continued growth and communlty impact have led to the necessity for expanded infrastw¢ture to keep pace with the Increasing demand for Its services. As part of it8 commltment to maintaining a high standard of service delivery, LCDP has Invested in ongoing building refurbishmenl and repairs. This ensures th8 facilities are in good conditlon, providing a safe and welcoming environment for all users. Due lo the increased demand for services, the organisation has outgrown tts Current facilities. prornpting plans for fvrther expansion to Increase capacity. This will allow LCDP to better serve the community, particularly in offering additional childcar8 spaces, in line wlth local demand for affordable option8. LCDP continues to prioritlse professional development for Its staff and volunteers, investing in Contlnuous Professional Development {CPD) to ensure staff are equipp8d to meet regulatory standards and enhance the qualliy of 8etvlc8 across all areas. The organisation supports staff in obtalnlng dual quallfications, enhanclng thelr flexibility and effectiV8ness in deliverlng services. This approach also contributes to staff retention, offerlng sustained employment opportunit168 and fostering an experlenced workforcé. LCDP contlnues to provide critical communlty services, induding after-school provlslon8, open aeSS play durlng tsmi tlme and hollday provision, a$ well 88 mental he8tth and welSbeing programme8 for adults. These sep4ice8 not only support families bul also contrlbute to the broader health and wellbelng goals In the community. LCDP work8 closely wllh partners such as Cwm Taff Health Board, Interllnk 14Vellbeing Team. and Citlzen8 Advlce, ensurlng the servlces provlded are aligned with the priorlties of the Future Generalions and Wellbelng Act in Wa18S. In line with its Strateglc goals, LCDP also contlnugs lo malntaln and grow its Servlce Level Agre8menls {SLAs) for varlous community services, Includlng Open Access Play, Youth Provlslon, Playscheme, and Play Adapt wlth ALN hildren. These SLA8 are essential in securfng ongoing fijnding and support for the charitY$ op8rations. LCDP'S land and garage property remain valuable assets for th8 organisatlon. The property Is being consldered for redevelopment as part of an expansion plan to accomm¢)date the growing d8mand for communlty $eNlces. Over the next two years. LCDP continue plans to apply for funding lo support the redevelopment, with the goal of creating larger, more flexible communlty hub lo offer year-round services across various sectors that are fit for purp088 for all ages ofthe Community. The Trustee Board contlnues to monltor both extem818nd Internal rlsks, en8urfng the organisatlon's operatlons are sustainable and well-managed. LCDP'S long.term sustainabillly18 further supported through ils contlnued compliance wlth regulatory bodies, Includlng ihe Care Inspectorate Wale8 (CIW), en8urlng that chlldcare $eDAce8 meet the requlred standards. Plans for future perlod8 LCDP remalns committed to serving the locgl community by expanding its seNice, Improving facilities. and strengthenlng its financial health. With plans for infraslruclure expansion, Increased Community seNkes, and ongoing professional development for Staff, the organlsatlon18 welkposilioned lo continue meeting the n8eds of the communlty In the coming years. Through 8trateglc partnerships. careful asset management, and compliance wlth regulatory standards, LCDP Is set to thrive as a corner8tone of the local community. Flnanclal I staff revlew Our staff are employed part tlm8 and full time. LCDP staff that are dually qualified, this is th8 most effective and flexible way of meeting the service needs to ensure the effective runnlng of the services we provide. There was an operatlng deficit for the year under review of £13,955,1.e. an excess of expenditure over income (2023 - surplus of £11.617). LCDP strive to continue to thrive in the nexl financial year developing and extendlng the organisations infrastructure planning to expand buikling space working with a number of partners to increase the organisations capactiy to offer additional spaces to families rneetlng the high demand for local affordable childcare. Our maln sources of income arè from our social enterprises. servlce level agreements and commissioned services with th8 local authorlty. We still endeavour tQ secure long-term funding to become further sustainable. LCDP Gontinue to maintain current and new SLA'S for youth provision, Playscheme and ca 2 Play servl¢es.
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED REPORT OF THE MANAGEMENT COMMirrEE (contlnued) YEAR ENDED 31 JULY 2024 Risk Management The managomenl commlttee continues to monilor risks. both external and internal, to whiGh the charfty Is exposed. Accounting. monitoring and ieporting procedures 8re in place. but vhll be reviewed periodically to ensure that th8V 51111 meet the needs of the Project. Future vl8bllity of the charity In terms of contlnuad recruitment of trust8es and volunteers to replace those rellrlng has be8n addressed successfully during this year and contsnues to be a priority. Reserv•s pollcy The ReseNes Policy of LCDP is thal a prudenl18v81 of reseNes is maintained consl8t8nt with the d8llvery of planned seths for the next financlal year. Investment Poll¢y The directors may inv6st any funds not immedialely required for the furth8rance of the Charlty'g objectivès in 8uch inv88tments, securities and property as they see fft. Relponslbllltlas of the Manaaément Commlttee The Managem8nt Commltt8e (who are also the dlrectors of the charttable company for the puOse8 of company law) are responslble for preparing a trustees. annual reF4)rt and financlal statements In accordance with appllcabl8 law and Unlted Kingdom ACcou.n9 Standards (Unlted Kingdom Gener811y Accopted Accountlng Practlce). Company law requires th9 Manag8ment Committee to preparè financial statements for each financlal year which give a true and fair view of the state of the aflalrs of th8 charitable company as at the balance sheet dat8 arNI of Its Incoming resources and applicatlon of resources. Includhg Inwme and 8xpendlture, for the financlal year. In preparing those flnancial slatements, the management committee should follow best practlce and: Selact suitablo ac(x>untlng policies then apply them con81gtentty: obseNe the methods and pncIpleS in the Chadttes SORP: make judgements and accounting estimates that are r8asonable and prudent. state wheth8r applicablè UK accounting stand8rds hav8 baen followed. subject to any material départures disclosed and explalnèd in thé financlal statemènts: prépare the financlal Statements on the going concem bÈsis unless It19 Inapproprf8t8 to presume that the company wlll continue in busln95S. The Man8gem8nt Committeo are responslble for k88plng adequats acwunling records that are sufficient to show and explain the Company's transactions and disclose with r8asonable aG¢ura¢y at any time the financial position of the company and Ihal enable them lo ensure that thg financial 8tatèm8nts Comply wtth Ihe Companies Act 2006. The Management Cofflmittee are also responsible for safeguarding the as58ts of the charltable company and hence for taking reasonable steps for the pr8V8ntion and d8tectitin of fraud and other rregulariti88. The Management Commlttee are responsible for Ihe maintenance and Integrity of Ihe corporate and financlal infomiatlon included on the charilable company's website. LegSslation in the Unlted Kingdom governlng the preparation and dissemlnation of finan¢lal 8tat8m8nts may dlffer from legislation In othwjurisdlctlons. This retK)rt was approved by the Board on .. .... and signed on its behaw by Mr SW Russell Dlroctor
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED I report to the trustees on my examination of the financial statements of Llanharan Community Development Project Limited (the charity) for the year ended year ended 31 July 2024. This report is made solely to the charitable companls members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might state to the company's members those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibillty to anyone other than the company and the comoanv's members as a bodv. for our work. for this r8DOrt. or for the ODinions we have form?d. Respectlve re8ponslbllltles of tru6tees and examlner As the trustees of the charity land also ts directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). You consider that the audit reauirement of s144(2) of the Charities Act 2011 does not aDDIv. H8ving satlsfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatlon, I report in respect of my examination of the charlty's financial statements carrled out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying Out my examination I have followed all the applicable DlreGtions given by the Charity Commission under sectlon 145(5){b) of the 2011 Act. Independent examlner'8 Statement The charity's gross income exeded £250,000 and I conflm that l am qualified to undertake the examin8tlon because l am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connectlon wlth the examination qivina me cause to belleve that in any material respect: accounting records were not kept In respect of the charlty as required by section 386 of th8 2006 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts glve a true and fair view whl¢h is not a matter considered as part of an independent examination: or the financial ststements have not been prepared In accordance wtth the methods and prlnciples of the Statement of Recommended Praclice for accounting and reporting by charities applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ReDublic of Ireland (FRS 1021. I have no concems and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to enable a proper understsndinq of the financial statements to be reached. Owen Morris for and on behalf of Wllliams Ross Limited Chartered Accountants 4 Ynys Bridge Court Gwaelod Y Garth Cardlff CF15 9SS Date
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED STATEMENT OF FINANCIAL ACTivrriES (INCLUDING INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 JULY 2024 2024 Total 2023 Totsl Nots Restrlcted Unrestrlcted INCOME Grants 2a 64,688 600 20,411 458,919 403 85,099 459,519 403 48,018 398,851 519 Charitable activitles Investment income Other income 2b 2c 2d 782 63,106 63,888 133,154 Total Income 66,070 542,839 608,909 580,542 EXPENDITURE Expenditure on charitable activities Total expend5ture 48,590 574,274 622,864 568,925 48,590 574,274 622,864 568,925 Operating surplus l (deficit) 17,480 (31,435) (13,955) 11,617 Transfers betNrfeen funds Net movement In funds 11 17,480 {31,435) (13,955> 11,617 Total funds brought forward 235,494 89,529 305,023 293,406 Totsl of funds carrled forward 252,974 38,094 291,068 305,023 The statement of flnancial aots'vities includes all galns and losses recognised in the year. All Income and expenditure derlves from continuing activities.
LLANHARAN COMMUNITY DEVELOPMENT PROJECT UMITED BALANCE SHEET 31 JULY 2024 2024 2023 Rxad assets Tanglble assets 318.331 320.970 Current a880ts Stock 500 500 D8btors and prepayments Cash at bank and in hand 18,558 58.271 50,230 18,586 77.329 69,316 Loss: Curront Ilabllltl Net curront assets Total aJ$ets1888 ¢Uffent Ilablllti 46,092 20.263 31.237 349,568 49,053 370,023 Cr•dltor•: afflounts falllng du8 after one y•ar Loan 10 (58,500) (65,000} Total net ass•t• 11 Repre8onlod by: Restrlctsd funds Unrestricted funds 12 252.974 38,094 235.494 69,529 12 Total funds 291,068 Th8 company was entltled to ex8mptlon from the audlt undar s.477 of the Compan18s Act 2006 re)atlng to small companies for the ended 31 July 2024. The members hava not requirod the company to obtaln an audlt of ils financial 8tatements for the year in question In The directors acknowledg8 their reBponslbllltl8s for Complying tkn the requirements of the Companies Act with respect to accounting rec16 and preparatlon of acu)unts. The88 accounts have been prepared in accordance wlth the provisions applicable to small companies subjed to the small companies reglmè and in accordance wlth FRS102 SORP. Approved by th8 directors on . aTxI signed on their behalf by Mr SW Russell Dlrector Company R•ghtrath>n Np: L13226397
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 Accountlng pollcles a) Basi8 of preparatlon The flnancial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015> - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Llanharan Community Development Project Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilÉties are initially recognised at hi8torlcal cost or transaction value unless othenvise stated in the relevant accounting policy notes. b) Incomo Income is recognised in the ststement of financial actlvltles when the charity is entitled to the income and the amount can be quantlfled with reasonable accuracy. The following specific policie8 are applied to particular categories of income.. Grants, including grants for the purchase of fixed assets, are recognlsed in full In the Ststement of Financial Activities in the year in which they are recelvable, Voluntary Income Is recelved by way of donations and gifts and Is Included in full in the Statement of Flnancial Activikn'es when receivable. The value of services provided by volunteers has not been included. c) Golng concern The accounts have been prepared on a going concern basi8 as there are no material uncertainties over the charity's continuing operation. d) Fund accountln i) Unrestricted funds are donations and other income receivable or generated for the objects of the charity without further specified purpose and are available as general funds. il) Restricted funds are donations which the donor has Speclfled are to be solely used for particular areas of the charivs work or for specific projects being undertaken by the charity. e) Expendlture and Irrocoverable VAT Expenditure is Included in the accounts on the accruals basls. It is recognised once there Is a legal or constructive obligation to make a payment to a third party, It Is probable that settlement will be required and the amount of the obligation can be measured reliably. Resources expended include attributable VAT which cannot be recovered. Resources expended are allocated to the particular activity where the cost relates directly to that activity. n Tanolble flxed assets All assets are included in the accounts at orlglnal cost and are depreciated as detailed below. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Fixtures, fittings and equipment- Freehold land and bulldings - 250A straight line g) Debtorn Trade and other debtors are recognised at the settlement amount due after any relevant discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. h) Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investrnents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 Accounting policies (contlnued) i) Credltors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measUd or estimated reliably. Creditors and provisions are normally recognised at thelr settlement amount after allowing for any relevant discounts due. j) Taxatlon The charity is exempt from corporation tax on its charitable activities. Income 2024 Total 2023 Totsl Restricted Unrestrlctsd a) Grants recèlvable Awards 4 All Dementia Prevention Fund Coop Community Fund Happy DayL Interlink (winter grant) National Grid RCT Play Day RCT Capital Childcare RCT Small Capital Childcare SPF Micro SPF Multiply SPF-R1 SPF-R2 SPF-R3 Vol Factor Interlink Wlnter Hub Govemment and local authorlty grants 4,000 2,000 4,000 2,000 5,928 2,014 996 995 9,756 499 996 995 9,756 499 6,847 8,247 2,000 4,059 8,247 2,000 4,059 14,870 5,819 20,937 8,200 1,000 1,999 20,937 8,200 1,000 1,999 20,411 20,411 12,540 48 018 b) Income from charltablo actlvlt1è8 Fees receivable Donations 300 300 600 458,063 856 458919 458,363 1,158 459 519 395,737 3,114 398,851 c) Investment Income Bank interest 403 403 403 403 519 519 d> Othor Income (Note 3 Care 2 Play (Service Level Agreement) Estyn Llanharan Community Council Open Access Play {Service Level Agreement) Youth {Service Level Agreement> Other funding 3,526 3,526 15,748 1,000 20,833 49,946 16,980 28,647 37,258 14,063 8,259 37,258 14,063 9,041 63,888 782 782 Total 66,070 542,839 608,909 580 542
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 Other income Funding was received from Llanharan Community Counal to support LCDP in providlng services within the community. Open Access Play SLA was received as part of a service level agreement to provide play opportunities at 3 locations within the community for chlldren and youno people aqed beeen 5 - 14 years Fundlng was received from RCTCBC in a service level agreement to allow a youth club to be run one evenlng per week and additional off-site activities supported by qualified staff in a safe environment offering various activities, issue based sesslons and support with social skills where needed. During the pandemic we adapted our services to provide online support to young people. Care 2 Play provides support to children with additional needs through elements of play opportunities in partnership wlth RCTCBC. Expendlture on charltable actlvlti08 2024 Total 2023 Total Bul• of Allocatlon R••trl¢tod Unre•trlct•d Costs dlrectly allocated to a¢tlvltle8 Materials and equipmenl Wages and salaries Pension contributions Artists fees Trips and performances Hire of rooms and equipment Staff training, education and promotion Repairs and maintenance Insurance Light and heat Print, postage & stationery Advertlsing Charitable donations Travelling and subslstence Volunteer expenses Legal and professional fees Bad and doubfful debts Support costs Rates and water rates General office and finance staff Telephone General expenses Bank charges Loan interest Depreciation - fixtures and equipment (Profit) loss on disposal of assets Governance cost8 Accountancy fees Direct Stsff time Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Dlrect Direct Direct 15,365 1,028 13 9,316 179 190 30,855 371,367 4,366 46,220 372,395 4,379 9,316 383 24,301 1,096 20,519 6,691 5,480 3,469 202 43,345 357,530 4,355 11,583 4,250 21,475 135 17,118 6,097 4,559 4,628 551 204 24,111 1,096 15,299 6,691 5,480 3,445 202 5,220 24 1,897 60 16,686 89 1,697 60 16,686 89 3,515 171 5,766 {134) Usage Staff time Staff time Usage Usage 3,183 66,903 4,311 7,219 848 3,250 4,532 3,163 81,078 4,311 7.219 848 3,250 7,425 187 812 57,174 6,084 8,086 3,463 813 5,209 14.175 Usage Usage 2,893 187 Dlrect 2,400 574,274 2,400 622,864 2,340 568,925 48,590 10-
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 Net Income l (expenditure) for the year Thls Is stated after charging:" 2024 2023 Accountancy fees Employee information 2024 2023 Wages and salaries Social security costs Staff penslon costs 435,519 17,954 4,379 400,826 13,878 4,355 The directors and members of the Committee of Management are not remunerated and no employee received emoluments in excess of £60,000. No expenses were paid to trustees of the company other than for reimbursement of mileage. The average monthly number of persons, employed by the company during the year was.. 2024 2023 Direct charltabla activities Management and admlnistration 30 27 36 31 Tangible flxed assets Freehold land & bulldlng• Flxture8. flttlng8 and oqulpment Total Cost At 1 August 2023 Additions Disposals At 31 July 2024 302,943 139,365 4,973 (225) 144,113 442,308 4,973 (225) 447,056 302,943 Depreclatlon At 1 August 2023 Charge for the year On disposals At 31 July 2024 121,338 7,425 (38) 128,725 121,338 7,425 {38) 128,725 Net Book Value At 31 July 2024 302,943 15,388 318,331 At 31 Juty 2023 302,943 18.027 320,970 Freehold land and buildings represents the original purchase Cost of the premises from which Llanharan Community Development Fund operates.
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 Debtors 2024 2023 Debtors Grants receivable Other debtors 13,001 32,471 8,333 9,426 5,557 18,558 50,230 Credltors - Arnounts falling due within one year 2024 2023 Other creditors and accrual8 46,092 20,263 46,092 20,263 10 Credltors - Amounts falling after more than one year 2024 2023 Loan 58,500 58,500 65,000 65,000 11 Analysi8 of net assets between funds Othor flxad aS8et8 Current as••t8 Current Long term Ilabllltlo8 Ilabllltlo• Property Totsl Unrestricted Funds Restricted Funds 8,331 7,057 70,980 6,349 77, (41,217) 38,094 (4,875) (58,500) 252,974 46,092 58,500 302,943 12 Movement In Funds Balance at 1 August 2023 Balance at 31 July 2024 Othor Outgolng movem8nt• In¢omlng Restrlcted Funds Awards for All 2022 Awards for All 2024 Coop Community Fund Dernentia Prevention Fund Happy Dayz Interlink Winter Grant Millenium Trust Fund National Grid Play Day 2023 1,468 {1,468) (1,705) (8,201) {675) (2,152) (529) 4,000 2,295 488 1,325 6,689 2,000 1,631 995 521 466 2,500 4,187 (216) 2,500 9,756 1,247 (5,569> (2,025) 562 Carried forward 11,740 19,629 (20,324) 11,045 12-
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 12 Movement in Funds (continued) Balance at 1 August 2023 Other Balanc• at Outgolng movements 31 July 2024 Incoming Restrlctod Funds (continued) Brought forward 11.740 19,629 (20,324) 11,045 RCT Capital Childcare Small Capital Childcare SPF- Micro SPF Multiply SPF-R2 SPF-R3 Vol Factor - Interlink Winter Hub 406 1406) (8,247) (1,349) {470} (13,7571 8,247 2,000 4,059 20,936 8,200 1,000 1,999 651 3,589 7,941 8,200 1,000 1,042 4,362 {3,600) {957) Capital expenditure less depreciation Total of Restricted Funds 218,986 235,494 {3,080) (48,590 3,600 219,506 252,974 66,070 Unre8trlcted Funds General Funds Total Funds 69,529 305,023 542.839 (574,274) 608,909 622 864 38,094 291068 Purposes of rastrlcted grant funds Awards 4 All - Grant funding was received to support revenue and capital costs for day nursery Coop Community Fund & Happy Dayz- received to support our mentsl health & wellbeing support Dementia Preventlon - Signing group on a Friday mornlng with a light lunch included for people living with dementia and their carers Happy Dayz- the group do small fundraising event8 to support purchasing equipment that is identified a8 needed by the group. Interlink Wlnter Grant- Funding was recelved to provide art session3 in February and March 2024 Millennium Trust Fund - Received to support a residential for young people identified within our youth National Grid Grant was to purchase items to help reduce people utility bill at home and keep people warrn. Included sessional costs, venue hire and heatina costs Playday 2023- Funds raised to support our National Playday Event. RCT Capital Childcare- Grant funding received to purchase resources and equipment to support our Earfv Years Provisions Small Capitsl Childcare- Grant funding received to purchase resources and equipment to support our Early Years Provisions SPF Micro - Funding was received to support a social games night, and also dinners on a Friday afternoon for senior service users SPF Multiply- This fund was a numeracy based grant. The grant for July-october 2024 and was based up the allotment on a Friday and an art session on a Monday as part of a social enterprise. SPF-R1- Grant funds were received to renovate the café area and create a confldential space in our'cvi SPF-R2 - Revenue grant funds were allocated to cover a Community Development Coordinator role and resources for the community qarden, and capital fundinq was allocated to purchase a larqe shed. SPF R3 - Continuation of the Eco-Hub grant covering Community Development Coordinator role and re80 Vol Factor Interlink- Funds were provided to support additional acts'vities within the youth provision Winter Hub - Warm space grant to provide food and items to help keep people warm during the winter month - December 2023 -February 2024 13 Capltsl Commitments There were no capital commitments as at 31 July 2024. (2023 - Nil) 13
LLANHARAN COMMUNITY DEVELOPMENT PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 14 Comparative Ststement of Financial Activltles - Year ended 31 July 2023 Re8trlcted Unre8tr1Gtsd Total INCOME Grants Charitable activities Investment income Other income 35,478 858 12,540 397,993 519 48.018 398,851 519 133,154 1,138 132,016 Total Income 37,474 543,068 EXPENDITURE Expenditure on charitable activities Total 8xpgndltur• 33,931 534,994 568,925 568 925 Net movemont In funds 3,543 8,074 11,617 Transfers beeen funds Net movement in fund8 3,543 8,074 11,817 Total funds brought forward 231,951 61,455 293,406 Total of funds carrled forward 235,494 69,529 305,023 The figures on this page glve a detailed breakdown of the comparative fund activity as noted on the Statement of Financial Activities shown on page 6 of the accounts. 14-