OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Charity Registration No. 1067535

Company Registration No. 03195860 (England and Wales)

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

CONTENTS

----- Start of picture text -----
Page
Trustees report 1-6
Independent examiner's report ik
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10-22
----- End of picture text -----

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS" REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in the notes 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

The purpose of Bryncynon Community Revival Strategy is set out in the Mission Statement and states:

The charity's objects are to provide facilities in the interests of the advancement of education and social welfare with the purpose of improving the condition and quality of life for residents of Bryncynon in the Rhondda Cynon Taff area.

Public benefit

During the year the trustees have paid due regard to the guidance issued by the Charity Commission with regards to public benefit in deciding which activities the Charity needs to undertake.

Our main activities and beneficiaries of those activities are described below. All of our charitable activities focus on helping the community and serves to further our charitable purposes for public benefit.

During the period 2020-2021, the organisation's objectives were as follows:

Strategic objectives

Healthy Living / Feel Good Factory Objectives

Finance Objectives

a 4a

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

* Protect jobs.

Youth Objectives

Early Years Objectives

Café Objectives

Administration and IT Objectives

Pe de

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

We have completed the renovation of the Community Centre which is now a well-used resource for the delivery for our children and young person provision. This has established additional space at the Feel Good Factory to enable us to generate revenue through room hire but will also further support its administrative functions and focus the premises on its ‘Healthy Living & Wellbeing’ objectives.

Our food delivery service has been a huge success with demand continuing to grow, this has enabled us to support people at their door-step and encourage them to participate in activities at the Feel Good Factory.

Securing funding for the Listening Project has also secured employment of a Project Coordinator, she has donea fantasticjob in delivering on the Listening Project and has recruited a significant number of volunteers, this in turn has also meant we have been able to employ a receptionist through the kick-start scheme.

We have received support from the Wales Coop to develop a Business Strategy to help us focus on our longterm aims and ambitions.

We have developed long-term and meaningful partnerships with some local charities and are currently poised to become the ‘anchor organisation’ for Interlink RCT for the delivery of work in the Cynon Valley.

Bryncynon Community Revival Strategy has continued to deliver successfully its Flying Start provision through its Growing Together Centre. We are increasingly the provider of choice for early years and after school provision. We delivered Holiday Hunger and are successfully delivering the 30 hour child offer for Wales.

Flying Start at the Growing Together centre continues to complement our Play Scheme situated at the Community Centre. The Feel Good Factory continues to prove to be an essential hub in the community, providing a range of services for the local community including a number of Community based provisions.

The Café continues to provide an excellent meeting space for the community. The board have spent a significant amount of time exploring how we make the café sustainable and it has begun to turn a corner.

Free Food table and community fridge continue to meet the needs of families in the area.

Financial review

Results for the year

Income for the year was £381,039, up from £279,265 in 2020. Expenditure for the year was £279,265, down from £269,280 in 2020. Last years income was made more buoyant by the sale of 1-4 Commercial Place.

An unrestricted surplus of £108,205 was reported for the year (2020: deficit of £22,258). The comparison needs to be taken within the context of the sale of property.

Reserves policy

It is the policy of the Charity to generate and maintain funds in order that it is able to maintain its operations for the foreseeable future, aiming for a minimum of 12 months full operating costs in reserves. Unrestricted funds are generated in order to cover expenditure not covered by other specific grants and any short term funding shortfalls which may occur from time to time.

As at 31 March 2021, the charity’s free reserves (unrestricted reserves less fixed assets) amounted to £156,283 (2020: £38,691)

Principle funding sources

The principle funding sources of Bryncynon Community Revival Strategy Ltd for the year ended 31 March 2021 was Flying Start funding. In addition we have secured relatively small pots of funding for projects. We have however secured £70,774.20 Capital funding from the Integrated Care Fund to purchase a vehicle, fund a sensory room at the community centre and build a ramp to increase access to the Feel Good Factory.

wc

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Investment policy and objectives

The Charity is taking advice on the most appropriate policy for investing surplus funds which may arise from time to time and consider that an interest bearing deposit account is suitable for holding such funds.

All projects have an exit strategy and there is a continual review and search for further funding for sustainability eventually leading to less grant dependency.

The trustees are responsible for safeguarding the charity's assets and ensuring their proper application in accordance with charity law and hence taking reasonable steps for the prevention and detection of fraud, error and other irregularities.

The pandemic has had a profound impact on the Strategy. Our main sources income, room bookings, buffets and the café ceased overnight, these sources of revenue are slowly beginning to pick-up as COVID restrictions ease and businesses are getting back to regular working conditions

Our survival has relied on fundraising and we have had some success with that. The Community Centre is now finished and are successful in our plans to offer a range of youth provision for all. Our sensory room has enabled us to provide safe sessions for children with disabilities and we are engaging partner agencies to make them aware of the facility.

We are building new partnerships and working closer with other likeminded organisations, community groups and charities.

Agrant from Lottery Climate Boost allowed us the capital funds to replace our two faulty boilers with new more energy efficient machines. We are also replacing our lighting with LED.

We have funding for a part time Listening Project Coordinator which will engage volunteers in befriending. Our meal delivery service has taken off and we need to expand the team to meet capacity.

We are seeking funding to continue to deliver youth services and develop our provision for older people. Fair share has offered the opportunity to respond directly to the issues of poverty in the area and we are delivering food parcels or allowing our low cost food for anyone within the community who may need the additional support.

The board has grown slightly and we are continuing to seek new board members; we have an elected chairperson and vice-chair. We also appointed a Head of Operations to replace the vacant CEO role to ensure there is a clear structure in place to accommodate the day-to-day running of the charity.

Empower Services have stepped away from the board and no longer has a role within the organisation.

Key to the organisation's success is the Feel Good Factory and we plan to continue to develop this centre as both a vital community hub and as a source of generating unrestricted income. The newly refurbished Café will, once the pandemic is over, provide a connection for local people.

Development and implementation of a robust funding strategy will be a key priority for the charity going forward as this will enable better delivery of charitable objects and contribute to the sustainability of the charity.

The Bryncynon Community Centre will provide a space to develop services for children and families and this will be a priority going forward.

Marketing of the Feel Good Factory and it's Café are a big focus for the organisation and we are continuing to improve marketing material, both in print and online and are working with other organisations such as University of south wales on devising a marketing strategy for the organisation going forward.

wee

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

Recruitment and appointment of new trustees

Trustees are elected from Bryncynon and its surrounding areas. We are also in the process of developing the capacity of the board through the increase in board members who have specific skills and expertise. Trustees serve for a 3-year appointment and can be re-elected for further terms. They are elected at the AGM of through a formal process of invitation and selection thraughout the year.

Induction and training for new trustees

All trustees receive training in the following:

In support of the above, regular updates are given at the trustees’ meetings or as and when required.

Organisation structure

There is a board of 5 trustees who are also directors. The board of directors, led by the chair of the board, manage the strategic objectives. The board has recently appointed both a new Chair and Vice Chair to support the management personne! where required and continue to develop and deliver the boards strategic direction.

Key management personnel

The key management personnel of the charity are as follows:

Lee Thomas — Head of Operations

Gill Bruford — Children and Family Coordinator

Nina Finnigan — Project Coordinator

Key management personne! are remunerated for services at market rates.

Risks

The trustees have considered the principal risks of the charity, and have concluded a key risk going forward is the securing of future funding.

Although restrictions are easing, COVID-19 continues to pose a significant risk.

Related parties

There were no related parties in the current or previous year.

-5-

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Reference and administrative detalls

Name Bryncynon Community Revival Strategy Limited

Company Number 03195860

Charity Number 1067535

Registered Office:

The Feel Good Factory Abercynon Road Abercynon Mountain Ash Rhonnda Cynon Taff UK CF45 4AX

Independent examiner

Sarah Case FCA DChA

Azets Audit Services Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB

Principal Bankers

Lioyds Bank 12 Canon Street Aberdare CF44 7AR

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

John Matthews Ashleigh Jones Bev Garside Resigned 29/07/2021 John Bradwick Appointed 13/05/2021 Stephen Gould Appointed 22/04/2021 Mark Stevenson Appointed 06/05/2021

The Trustees report was approved by the Board of Trustees. Mark Stevenson 4 Trustee

Dated: .20th December 2021

s6s

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

| report to the trustees on my examination of the financial statements of Bryncynon Community Revival Strategy Limited (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied 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 examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 146(5){b) of the 2011 Act.

independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that 1 am qualified to undertake the examination because | am a member of , which is one of the listed bodies.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements fo be reached.

Souk Mo

Sarah Case FCA DChA

Azets Audit Services

Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff

CF23 8AB

United Kingdom

Dated: 20% December20 2.\

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 20217

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
Notes £ £ £ £ £ £
Income from:
Donationsand legacies		 3 12,961 - 12,961 1,267 - 1,267
Charitable activities 4 130,716 224,799 355,515 35,576 191,291 226,867
Othertrading activities 5 12,563 - 12,563 51,131 - 51,131
TotalIncome 156,240 224,799 381,039 87,974 191,291 279,265
Expenditure
on;
Raising funds		 6 5,100 - 5,100 13,863 . 13,863
Charitable activities 7 42,935 186,759 229,694 92,602 159,048 251,650
Other 8 - 34,657 34,657 3,767 - 3,767
Tota! resources
expended 48,035 221,416 269,451 110,232 159,048 269,280
Netincoming
resources before
transfers 108,205 3,383 111,588 (22,258) 32,243 9,985
Gross transfers
between funds (13,823) 13,823 - 52,828 (52,828) -
Netincome fortheyear/
Netmovement infunds 94,382 17,206 111,588 30,570 (20,585) 9,985
Fund balances at 1
April2020 112,609 784,150 896,759 82,039 804,735 886,774
Fund balances at 31
March2021 206,991 801,356 1,008,347 112,609 784,150 896,759

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

~8-

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

BALANCE SHEET

AS AT 31 MARCH 2021

----- Start of picture text -----
Notes £2021 £ £2020 £
Fixed assets
Tangible assets 1 817,407 843,169
Current assets
Stocks 12 600 700
Debtors 13 2,072 58,835
Cash at bank and in hand 217,723 42,931
220,395 102,466
Creditors: amounts falling due within
one year 14 (29,455) (54,876)
Net current assets 190,940 47,590
Total assets less current liabilities 1,008,347 896,759
Income funds
Restricted funds 16 801,356 784,150
Unrestricted funds 206,991 112,609
1,008,347 896,759
----- End of picture text -----

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared In accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .20th December 2021

----- Start of picture text -----
Mark Stevenson
----- End of picture text -----

Trustee

Company Reglstration No. 03195860

«Qs

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Charity information

Bryncynon Community Revival Strategy Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Feel Good Factory, Abercynon Road, Ynysboeth, Mountain Ash, Rhondda Cynon Taff, CF45 4XZ, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance 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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for smaller charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concem

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to if after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are recognised when received.

Income from fundraising is recognised when received.

Income from tuitlon and other income is recognised when recelved.

Os

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

(Continued)

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include audit fees and costs linked to the strategic management of the Charity. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Plant and equipment 25% reducing balance Motor vehicles 12.5% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Fixed asset additions costing less than £900 are not capitalised.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

«1 =

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle ona net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

-12-

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Donations and gifts

----- Start of picture text -----
||| |---|---| |Unrestricted|Unrestricted| |funds|funds| |2021|2020| |£|£| |12,961|1,267|

----- End of picture text -----

-13-

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

4 Charitable activities

2021 2020
£ £
Tuition and other income -young children and youth activities 28,136 35,576
Grants 327,379 191,291
355,515 226,867
Analysis by fund
Unrestricted funds 130,716 35,576
Restricted funds 224,799 191,291
355,515 226,867
Grants
Flying Start 51,132 121,668
Covid-19 Emergency Childcare 7,060 -
Integrated Care Fund 35,387 -
Job Retention Scheme 16,111 3
Rhondda Cynon TafCounty Borough Council 50,500 -
Playscheme Bryncynon (Flying Start) 33,557 12,400
Moondance Foundation 26,060 -
Welsh Church Act Fund - 45,778
Community Enabling Fund - 11,445
CharitiesAid Foundation 8,960 -
The National Lottery Community Fund 9,500 -
Big Lottery 79,112 -
Community Foundation in Wales 10,000 -
327,379 191,291

Ax

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5 Other trading activities

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Cafe income and buffet sales 7,530 41,469
Fundraising 543 3,984
Other income 4,490 5,678
Othertradingactivities 12,563 51,131

6 Raising funds

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Fundraising and publicity
Purchases 5,100 13,863
5,100 13,863

-15-

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

ri Charitable activities

2021 2020
£ £
Staffcosts 132,311 157,749
Depreciation and impairment 29,617 30,160
General activity 61,374 45,858
Independentexamination fees 3,390 3,390
Lega! and professional fees 3,002 14,493
229,694 251,650
229,694 251,650
Analysis byfund
Unrestricted funds 42,935 92,602
Restricted funds 186,759 159,048
229,694 251,650

8 Other

Restricted Unrestricted
funds funds
2021 2020
Net loss on disposal of tangible fixed assets 34,657 3,767
34,657 3,767

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

A former trustee (resigned July 2021) is also a director of Empower - Support for the Voluntary Sector Limited. During the year £nil (2020: £14,400) was paid to this company for professional fees. This contract ceased once the director was appointed a trustee of the charity. There were no amounts outstanding at the year end (2020: £nil).

-16-

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

10 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
Main project activities and administration 6 6
Part time staff 5 6
Total 11 12
Employmentcosts 2021 2020
£ £
Wages and salaries 126,130 148,575
Social security costs 3,039 6,405
Other pension costs 3,142 2,769
132,311 157,749

Key management personnel

The key management personnel of the charity during the period are noted in the trustees report.

The total emoluments and benefits received by the key management personnel during the year was £37,968 (2020: £53,683).

There were no employees whose annual remuneration was £60,000 or more.

-17-

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

11 Tangible fixed assets

11 Tangible fixed assets
Freehold land PlantandMotor vehicles Total
and buildings equipment
£ £ £ £
Cost
At 1 April 2020 1,100,302 393,553 - 1,493,855
Additions 33,848 4,079 24,585 62,512
Disposals (79,702) (38,007) - (117,709)
At31 March 2021 1,054,448 359,625 24,585 1,438,658
Depreciation and impairment
At 1 April 2020 276,621 368,065 - 644,686
Depreciation charged in the year 22,489 6,334 794 29,617
Eliminated in respect ofdisposals (15,760) (37,292) - (53,052)
At 31 March 2021 283,350 337,107 794 621,251
Carrying amount
At 31 March 2021 771,098 22,518 23,791 817,407
At 31 March 2020 823,681 25,488 - 849,169
12 Stocks
2021 2020
£ £
Finished goods and goods for resale 600 700
13 Debtors
2021 2020
Amounts falling due within one year: £ £
Trade debtors 2,072 1,612
Otherdebtors - 57,223
2,072 58,835
14 Creditors: amounts falling due within oneyear
2021 2020
£ £
Trade creditors 21,653 50,624
Othercreditors 7,802 4,252
29,455 54,876

=18 =

----- Start of picture text -----
on :
%
wo tie 2 8
a i
GF it68s - .
4 °
2 g47 , es | 1! ' 1 oo. ioe)
= = '
: is 1 ¢
g: S j
: : .
wn 3e ee 2
BEc: 233“=§24383 SassnaresWS 8Big S == ::
E= ~ of Neses2S gf&B] = =. =;.
2 Es Ves 3: =" 2/2
a) go°
ra o ban | =
5.Bg:© Pe"Pe=¢Féeu86 aeSERBS—B B SLRaAe= :&8Bi:=. :st..
v”)
(=
=
a i - s 5
5 38So iB 1 ¢t +8 a™a <
he a on8 ql
: :
g ae. S
o
- 1 8 48 ae
6 [¢] : i
2wD; 4:s Ss,3. eloD.oOo— atN.
2 =
sf
x 8. 8
LUa.; c3 B33"=7= et23; 28SN==: 5(e)$ 2ge"ao88% S\
_! |\
+ a & 1 0\
> | £> 3o EsDY5 oe := -_8= |li5
ou-e r-4-—4 | £aa =e85i = os,
= b2 S:7] 3ozWw a:- : a: 9::
ro 5 : 3 }
I o 3- aga5 Oo |
na ” Ro) S</
> = ::
eS - =
> uw . :
= N ta:
ce
3
ES :
— i?) S :: |
=32 i$$ = ; 1.
S oO6¢ | :
oa SD
s 29 :
E : 2 :
5 628 © [BE] : 1
O zsTa s ] 2 :
g
Ay
za ot :, o gc E : a5
iis
[e) a < ao) He
£ £ = o ==
=
om ao]3 (0)8 2% 2 2 s§eP e ce
oO Ee WwW aotr325" SSSES5E2se3
z on = £24 x sf 2926 5
= Hees52252£8e2eESSeé 28 E28aD g oOE:
& [a =
~ Ee
©
a Oo2 ing :
----- End of picture text -----

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

15 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £3,096 (2020 - £2,769).

-19-

----- Start of picture text -----
--a=]£g =52 ||:;: |:
a 3
< /|
é [E] : : :|, :3:
=o 35 := £:
oOr= © :
& |:
8 3 |
2 |
oEo :72 !:: ||:
w 3 : |
,c i )
5 :
—
: 2
: : 2
o , : ,:
& :
woo : : : ::
£m ;é 1;;: ::°
= : ) ©
: aX ‘
ao] 5 2 7
==oaes6S+=os 2i:Eg:: iE:: LeaCc-= =efaai:Q m FE3:=:: |&: i=|:=E
: | e
a !gs2::oS:i25 5!2G9®2© 3z5:) 5: 3Fs82= 3255o11oe2 |o) [7] 6£:2®on =i'sfo)=: ¥38®;;
| se : 23 5z 2 |
- 520 [2] |Ss 2: E a.: ee = ::
,—| ii :: ::3 Ss-2 [i] 3%538 £s ® FalFS
©>7: |a,, :i|wf53%ESt =o3:e [t] 2:a:2 cS)=3°: =25@!®¢ i-gaaZe+o=e6 %>g a rei
”: oOz:= ;ax:E 8o3 2 me) | ;: |::
=< = b|a A.:we :oe EE:ft D Pig:: |i‘1 | Lia =ocfe)3
Ww S > Q
Lu := | naeoo: 5S g= [pu] : 4SE: acyheo> oSo=2 2©
ow2Eas2 oO2z9§5~4, )géfay=oofOs7 rs2© £a]:5=:aD:= i|38s2se=s2@eS' a8=>o=).e=oea =Le22oa©:5§ ce}~Bea£cscoebs2aBo2 9 [8] ao:~@ES [a] eaES£$3o> >2 Oo [i:] @ [z] c£Ss =SsDm=<s
O=~zO| ic<-z2: WwWWW=Q=:> BYzea):3:g, asoFoo:H29aa:8 =5oO Ss10=!oOzc1 Lo)oeia+¢28&maezi:1oe oc528 is”gE&3°=5 2=z_E4Dc32©ifpeal5:~~rad=%C O°?aaeAe8%csps2s, ao.§ [a] ofgea3Cc:stEGes8ripe+ao2 eryrm:§a [a] $s_ ira25)£©c:
rr) ; ao iok :4 = Deo é E
> [s4 i : Ee - as= B=Sc3 3 5
=z (e): 2:
----- End of picture text -----

BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

17 Analysis ofnetassets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
2021 2021 2021 2020 2020 2020
£ £ £ £ £ z
Fund balances at 31
March 2021 are
represented by:
Tangible assets 50,708 766,699 817,407 73,918 775,251 849,169
Current assets/
(liabilities) 156,283 34,657 190,940 38,691 8,899 47,590
206,991 801,356 1,008,347 112,609 784,150 896,759

18 Related party transactions

There were no other related party transactions in the current or previous year.

we PD