Charity regishtion number 1067535 C¢>mpany registration number 03195860 IEngl•nd and W•l•s BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 •ABJDXJCD* 22112r2022 COMPANIES ktCL6E
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BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED CONTENTS Trustees report Independenl examineffs rep(xt Statement of finanrAal aclivl*s Baancè sheet Notes lo th• financia stat•m•nts 10 20
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees prE6enl their annual report and finan0 stslements lor the year erKled 31 March 2022. The finanoal Statements have been prepared in accordance with the Unting polKi85 set out in t1 notes to the financial statements and compty with thè chantys goveming do¢ument. the Companies A¢t 20C and 'Accounling and Reporting by Charthes.. Statemenl of Recommended Pracl¢e applicable to charities preparing their a¢¢ount$ in a¢coTdart¢e wrth th¢ FinarKial Rerthing Stsndard applttble in the UK and Republi¢ of Iland IFRS 1021 leffedi¥e 1 January 20191-. Obit¢tiv•$ and activllles The purpose ol Bryn¢ynon CommLtnty Revival Strate9y is set out in the Mission Stslement and states." The tharity's obieds are lo prwd¢ fa¢ililies in the interests ol the advancement of edu¢ali¢)n and Sotyal wrth the purpose of imprwng the condition and qualty of lrfe for reshlents of Bryn¢yrbon in the Rhondda cYrn Taff aa. Public bentyfft During the year Ihe INstees have paid duè regard to the yuidan¢e issued by the Charty Commission wilh regards lo public benefft in derAding wl¥¢h a¢bv7tEs the Charty needs lo undertake. Our main actNilies and beneficianes of those actiwties are dewibed belryw. AH of our thaiitsbte actwities focus on helprftg the ¢ommunity and 5eryes lo further our ch8rrt8ble purposes for pubhc benefit. Duriro the period 2021-2022. the organi5ation's objectives were as follws.. Strategic objectives Increase levels of income generalTh in all areas ol work$ to secre unrestricted fiJrHling to ensure ihe susiainability of the Ofganisation. Secure grant lunding to maintain and expbre way5 of expanding uJThenl provisions. Continue to build on good Pfactice by maintaining. and where necessary, by improving standards. Promote Ihe work ol the organisalion locally both with the community and businesses. Develop and improve partnership Won9 to improve the provisions prowded by Ihe strale9y. After devekjpment of Bryncynon Communty Centre to contwiue developsng youth prslon xioss the Lower Cynon Valley. Engage with profe$$ional support io a$si$l in income generat¢on and fundraising Engage with Aduli Leamin9 WaS to dèvebp training opportuniti.es lor residènts. Develop a range of seThices that focuses on older people in the Lower Cynon Valley Dèvelop a range of semce to members wth povorty. induding povety and sustsinable provision$ around this. Healthy LivinglF••l G¢)od F¢tory Obi•¢ti¥es To conlirwe lo utilise the Feel Ggod Factory as a resour¢e and support centre fw Ihe community. Through the implementation of the Fare Share stheme. prode free or low $1 food and meals to those in Ihe communty. To continue to provide and bok to support rMv seryices beiny delivered from the cenlre. Suppori ways of generating income from the Feel Good Factory in addition to the room hire farAlity available lo local organisations. Increase thè visib41ity of the centre as a resource for the C4JmTrAmty and meet the needs of those lanNI who are struggh"n9 through the dislribulw)n of free food to who needs it. Finn¢e OblÈetlvè¥ . Farihlaie the development ol Bryncynon Commfftity Reviwal Stregy Ltd. To wnplemenl a robust fvndiNJ slralegy which indudes bid writing and business sponsorship. Contribule towards the smooth running of the organisation ¥ia Streamlining of finance and administration funcl¢'ons. Best use ol all of Strategys assets to gerale maxThum inme.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Continue to look for OPFthunilies lo rethjce nmning COSt$ and en$ure that the charity Tuns as effi¢nlly as possible. To develop a minwnum of 6 months reserves. Protect jobs Youth Objectives Identify fvnding opwtuniiies for youth proS1On for dehvery through th¢ communrty centre hub. Dèltvery of speafie youth aetNities delivered through exlemal fvnding. Engage youn9 people through a communty questionnaire to e5tabli5h what youth actiwties they woukl like to seè in thè region. To work wrth the local school to support the pro¥is)n ol free or lryw cost fc)d (packed lunch•s or after school meals) for those on income. To a¢Jdre$s chila ptsverty wrtn a ran9e oi s¢neme$ to support families In need. Encourage volunteering amon9 young people and provide training to promote development Earfy Yèays Oblèctlves Continue to successlulty ddiver the Ftying St8rt Provin. offering a fvll provision under thi$ agenda. lookin9 into ¢xpan$ion opportunities when they arise. Promote and teach heamhy lifestyk amongst 1>55 and Iheir parents Maintain regular playgroup and play s¢heme proonS in the communty Gènerate in¢ome through developing adivilies al thè Growing Together Centre and at other ntre$ . Continuo to improve the O¥led Ilw¢)ugh a programftw of stsff trairmng •nd personal Dèvelopment Engage families in a¢ti¥ilies Io stjpport child care and farn1 cohesion. Engage with agenues supporting families with disabled Chdren who WQLdd benefit from the use of the Sensory Toom in the y¢)uth centre Café ObJe¢tives Review the opening hours of the calé wilh a wew to ensuring rts finanual Viabilty E¥p4nd the byffel and delivery servirE to help generate addth.onal in¢ome Promote and market the café throv9houf Rhondda Cynon Taff and bèyond. To use Ihe Fareshare ftKd to provide free or Iw ¢ost peoples to senior olizens and Ih05e on low incvme. To encourage families to use the café to provide kmf Q)St famity meals To develop the free food and communty frujge initr"atNe whi¢h enables us to prwde the ¢tsmmunily with free grocerie5 to help suppcwl their families Café to provide hol mea15 to er 60s in the COMMty using door delr¥ery. Administration and Objective¥ Mainlain effiryent administration. personnel and IT provtsion. Look lor mDSt cost effective wovision. Co-ordinate and monrtor volunleeTing within Ihe organisalion Ensure effective staff training and developmenl acr055 all areas of Bryncynon Communty Revival Strategy Lt¢J The Iruslee5 have paid due regard to Wklance Yssued by the Charity Cofflmission in deciding what acti¥itie5 the drity should undertake.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 A¢hievements and performance SetyJTed fijnding from 8 variety of sour5 for our Listening PToiec whKth wll see tdephone support and volunteers who will brirwj older peorde 10 the Fed Good Faw as well a$ promding a hot msal Oeliv8ry SeThI$ lo those that need rt. We have 2 transport vel¥¢l&s in use to enswe lrnnsport barriers are alevialed when people are ac¢ess much needed services. Su¢cessfully relocated chiklren actmty servKes to comrnty Centre wll promde a base for Children and Youth Activities. Bryneynon Communty Rewval Strategy has continued lo dèliver successfuly its Flying Start provision through its Growin9 Together Cenlre. We aTr inueasingly the provider of ¢hou for earty years an(J after school provision. We delivered Holiday Hunger arbd aro su¢¢essft delivering the 30 hour child offer for Wales. Flying Stsrt al the Growing Together Centre continues to c¥)mplement our servi¢es and en¢ourage$ growth and development lo local feeder schools as well as many of the th"Idren then 9cing on lo attend our Hokn"day Play and After School Clubs situated at the communrty Centre. The Feel Good Fa¢tory ¢iMb"nues to prove io be an essential i) the c£thmuiNty. prowding a range of swices for the local communi¢y irtdudirs a weekly l¢ome neSdaY. where we offer A 5ubsKlt5ed Food Panty. ¢omrnunity Food Tablè. ath"vrties. energy advice. bÈnefits ath5e, training and empk>yment opportunrties, el¢. Financlal rev5ew Results for th¢ y¢¥r Income for the year was £348,(64,12021: £381.039). ExpendiluTe for the year wa$ £361,381. up frorn £269,451 in 2021. An (tnrestricled surF4us of £20.439 was leted for Ihe year (2021.. £94.382). Re¥r¥•g polky It is th8 policy of the Charity to generate and maintain funds in order thal it is able lo maintain ils operations for the foreseeable fLrture. aiming for a minimum of 12 months full operating c051s in reserves. Unrestricted funds are gèneiated in order to cover expendibjre not covered by other speafic grants and any short term funding shortfalls which may occur from b.me to time. As 8131 March 2022, the dwty'$ free reseThes (unreslrided resepes less fixed assets) amounted lo £146.581 (2021.. £156.283}. Principl• funding sour¢ The prin¢Ae fvnding Sou$ of Bryncynon Communty ReNival strategy Ltd for the year ended 31 March 2022 was National Lottery, Flying Start, and RCT Grant funding. In addilion we have sered relatively srnall pols of fvnding for projects. We have however seojred £250k [undw from the Natnal Lottery - People and place5 grant to continue the work and development of wr Stenry PrLiect 90ing forward and improvin9 the services IOT older people in Ihe area. Investment poli¢y and obpctiv•s The Charty is tsking adwce on the mosl appropriate policy for investing surplus fvnds whth may arise from time lo time and consider that an interest bearing deposrt account is suitable for holding su( funds.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 All projecis have an exit sIratY and theo 1$ a continual reNryew and search for furfhei I)ding for sustainablity eventualty leading to less 9ranl dependency. The trustees aré responsible for safeguarding the charitys assets and ensuring their proper application in accordance wrth ¢harty law and hence taking reasonable steps for the prevention and detection of fraud, error and other irregularilies. Futur¢ Devlopments The pandemic had a prof0d impact on the Strategy. HMver. we are conlinuin9 to recaNer and working wth partners on rebuilding relanShIpS and our building is being welkutilised. Our Staff team 15 whKh is takirMJ pressure of the core staff to allow them to devebp the tharity and services going fard Our sumval has rdied on fvndraising and we have had Success wrth Ihal. The Community Centre is now finished and our plans are lo offer a youlh provision and expanding on chihlren's seM¢es. Utiling our sensory room will enable us to provide safe sessions for thildren wrth disabihtie$ and we a en9aging partner agenc4es lo make them aware of the facilily. We are yet lo feel the pinch of Ihe energy uises as we are wthin compelitNe Contract with SSE unlli 2024. we are however looking into inexpensNe opt#?ns and ways in whth we ¢an cui our energy costs and reduce our carbon footprint going forward. We have funding for a Full Time Listening Project Coordin8tor whth will engage vciunteer5 in befriending. Our meal delivery service has taken off and we needed to expartd the team to meet capaaty. We are hopefvl lo increase this service fvrther in the new year. li will be important to develop Ihe board of Bryncynon which 15 again small. are engaging the local peop and are skill searching to identify gaps within ojr trustees $trenglh$ Key lo the organisation's success is the Feel Good Fadory armj we plan to conliroje to deveh)p thi5 centre as both a vital community hub and as a source of generating unrestricted income. D•V0PMent and implemenlatKJn of a robust fLmding strategy wll be a key priority for the charity going forward as this will enable better delNery ol charitable objects and conlribule to Ihe suslainability of the charity. The Brynwion Communrfy Centre will prode a sp¥e to de¥Eknp seMcs for cldren and faffilie5 and Ihis will be a PTKJrity wng loard. Markèting of the Feel Goo(J Faciory and ifs Caterin9 services are a big fOS for the organi5ation and we are conlinuing to irkyove mark1n9 merial. both in print 0•ne. StYy¢tur•. govoman¢e •nd mangenl Governing document The Charity is o)ntroHed by its goveming document. Memorandum and ArtK4es of Asso(yalion, a deed of Irusl, and conslitules a limrted company. limited by guarantee. as defined by The Companies Act 2006. The Charity was incorporated on 8 May 1996. R•crubtment and appointmènt of n•w trust•es Trustees are elected from Bryncynon. its surrounding areas and from wmler areas trj fill parlicular ski115els. We are also in the process of developing the capauty of Ihe board through the incrèase in board members who have specffic skills and experb'se. Truslees serve for a >year 3ppoinlment and can be re-elected for further terms. They are elected at theAGM ofthrough a fomwl Process of inviiat#)n and sele¢ti¢)n Ihroughoui the year.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2022 Inductl•)n and training for new trustws All trust•es recaivè training in the fo11owny= Roles and responsibililies of tvustees, Hoallh and safety legislation Charty law Company an¢J finance fflatters. In sUPPOrt ofthe ¥bove. regulaf updates are &¥ven at the monthly tru51ees meeb.ry or as and when required. Going Concern These financial statements are prepared on the gng concem basi5. The Iruslees have a asonable expectation that the chaTty vrill Contin in operational existen for the foreseeable fulure. Having reduced Ihe running costs of the charty ongoing fundraising actNty, will we are confident, enable Ihe or9anisation lo .continue. The organisation was impacled 9nffjcanty in this year by the PublK Sector culs resulkn.ng in a loss of room bookj'ngs from the Local Authority and Lo¢al Heahh Board. To repkce we have forged new partnwships wilh Adult Leaming Wales and others and the benefits of this shouhj be seen in the next finanoal year.
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Reference and adfflinistrative detalls Nam• Bryncynon Commurmty Revr4al Stialegy Limited Company Nurnl 0919fj8RO Charity Number 1067535 R•gisteThl Ollke: The Feel Good Factory Abercynon Road Abercynon Mournlain Ash Rhonnda Cynon Taff UK CF45 4AX Independent examiner sar•11 FCA DCM Azets Audit SeNices Ty Derw Lirne Tree Court Cardiff Gale Business Park Cardiff CF23 8AB Principal Bank•rs Lloyds Bank 12 Canon Strgel Abèrdar• CF44 7AR Tho tru$tses. who are also the direclors for the puwse ofcompany law. and who seryed during the year were.. John IAatthew$ Ashleigh Jong$ Bev Garside John Bra0Ick Stephen Gould Mark Stevenson Resigned 29107r2021 Appointed 1310512021 Appointed 2210412021 Appointed (610sr2021 The Trustees report was apwoved by the Board of Twstees. Mark Stevenson Trust¢e Dated.. 23rd December 2022
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF BRYNCYNON COMMUNITY REVIVAL STRATEGY UMITED I rert lo the trustees on my examination of the finaTh?al staleinents of BrynCYrn Commuimty Revival SITategy Limited Ithe chaity) for the year eThJed 31 Marth 2022. Responsibllltles and basls of f•port As the Irustees ol the charity land also ls th'redors for the wwses of ojnpany law) you a responsible fow the preparatron of Ihe financral statements n accordanc with the requffements of the Companies Acl 2006 {Ihe 2006 kt). Having satisfied mystff that thè financral statements of Ihe ¢harity are not requirtd to be audiied under Part 16 of the 2(MJ6 Aej and aTr èligible for indÈpendÈnt exarninatitin. I report in rèspect of my examination of fhe ¢harily's finanrial $tatemet)ls Carried out under se¢lion 145 of the Charities Act 2011 {the 2011 Act). In carrying oul my eXaMinatn I have fomowed am ihe applitaNe DirectKJns gNen by thè Charity Commission under section 14515llbl of 2011 ACL IndÈp•fident èxmln•rfs stst•mpttt Since the Charitls gross income exceeded £250.) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualthed to undertake the examInat)n because l am a member of . whi¢h is one of the listed bodies. I have Completed my eXTrInatIon. I that no matters have corne lo my attenbon in connection with Ihe examination givin9 me cause to believe Ihat in any material respecl.. accountin9 recor¢J$ We not kepl in resped of the chanty a5 required by section 386 of the 20 Act," or Ihe financial slatements do nol accord wth those records: or Ihe finanrial statement$ do not Compty with the ant1rfj iequirements of se¢tK>n 396 of the 2006 Act olher than any requirèmenl that the accounts 9iVè a trve arKI fair view which is t1 a matter tonsidèrod a5 part of an independent examinatson.. or the financial slalements have not been prepared in accordance th Ihe melhods and princtples of Ihe Slatemenl of Recommended Pract low accounting and reporling by charities appli¢able lo charits preparing their accounts in accon1 wth the Finano#J Reportin9 Standwd applicabje in the VK and Republ of Ireland {FRS 102). I have no concems and have coffle across no olher matters in conne¢tK>n wrth the examinatK)n to which ttentloll should be drawn in this rep1 in order to enable a proper understanding of the finala1 statements to be reached. S•rJh Case FCA DChA Azets Audit Services Ty Derw Lime Tree Court Cardiff Gate Business PaTk Cardiff CF23 BAB Unrted Kingdom Oated.. a3-ia-333
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unr¢strictrd Restricted funds funds 2022 2022 Toll Unmtri¢ted Rt5tr1cted funds funds 2021 2021 Total 2022 2021 Donations and legacies Charitable aclivities Olhèr Irading adivities 18,159 44,601 17,359 18.159 312.$46 17.359 12.961 130,716 12,563 12,961 3S5,515 12,S63 267.945 224.799 Total ineomè 80.119 267,945 348.064 156.240 224.799 381,039 tnditurè Rassing funds 16,089 16,089 5.100 5.100 Charitable actNrties 43.591 301,3C 344.897 42.935 186.759 229.694 Olher 395 395 34.657 34,657 Total èxp•nditure 59,680 301.701 361.381 48.035 221.416 269,451 Gross tiansfers beh¥een fund5 Nèt Incom•llexpenditur•l frtrr the yearl Net mov•m•nt In lunds (13.823) 13.823 20.439 133.756> 113.31n 94.382 17,206 111.588 Fund balances at 1 April 2021 2(.991 801.356 1.008.347 112.609 784,150 896.759 Fund balan¢•s at 31 March 2022 227,430 767.6LK) 995.030 206.991 801.356 1,008.347 The $laternenl offinancial 3thrts mdLKle5 al gans arKI losse5 recognEsed in ts year. Al irh¢ome and expenditu derive from clIn1n¥ acthibes. The slatemenl oi finanaal aclivibes also COM$ with the rewiremerts for an income and expendtture account under thè Companies A¢t 2¢M.
8RYNCYNON COMMUNITY REVNAL STRATEGY LIMITED BALANCE SHEET ASAf31 MARCH 2022 2022 2021 Flxed assets Tangible assets Currènt aSts Slocks Debtors Cash al bank and in hand 11 825.620 817.407 12 13 600 2,072 217.723 40.666 135.696 176.952 220.395 Cfyditors: amounts falling within one ye•r 14 17.552) 129,4551 Net current a5Sat$ 169.410 190.940 Total ass•ts less ¢urrÈnt liabllltles 995.030 1,CK18.347 Incom• funds Reslncled funds Unreslricted lund5 16 767,6C(I 227.430 801,356 206,991 995,030 1.008,347 The ¢ompany is enlilled to the exempt)n Ircn the audrt r4uYefflenl contained in 5edion 477 of the Companies Act 2006, for the year ended 31 March 2022. The director a¢knowledges his fesponsibdities COmp.ng with thè requirements of th• Companies Act 2C with respect to accounting records and the preparat*Jn of financial statements. Tht m¢mb¢rs have not required thE c¢¥npany lo Obta * audil of it5 firwKKql statements for the year in que51ion in a¢¢ord•re with Section 476. Thèse ffin¥nrial sLitements have been prepared in accordar with the promsions applicable tts companies subje¢t to the Small companies regime. The fanCIal statements We approved ty the Trustees on .23r.dQeoomber 2022 stevens Trustee Company R•9istration Nth 03195860
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2022 Accountlng policies Ch•rity Inf0mtiO Bryncynon Communty Rewval Strategy Limited is a private cornpany ffimrted by guarantee incorporated in England and Wdl&s. The registeied office is The Feel Good Faclory. AbeTcyrrf)n Road. Ynysboeth. Mountain Ash. Rhondda Cynon Taff. CF45 4x2. United Kwdom. 1.1 Accounting convention The finanaal statements have been wepared in accordance WTth the charity's goveming document. the Companies Act 20l and -Accounling and Reporting by chants.. Slatement of Recommended Praclice applicable lo charities prepanng their accounts in accordance with the Financrdl Reporting Standard applicable in the UK and Rèpublic of Iland {FRS 11Y2) (effeclive 1 January 20191" The tharity 1$ a Publi¢ Benefrt Entity a$ defined by FRS 102. Th& ¢harily has tsken advantsge of the provisions in the SORP for smaller charit5 not to prepare 8 stst¢menl of C05h Flows. The financial ststtnts are prewed in sterfing. whth is the fvnction81 cuncY ol the charty. Monetary amount5 in these finanaal Statements are loured to the rare51 £. The financial statements have been prepared under the hiStOral cost con4nlion. The wincipal accounling poleS adopted are set out bebw. 1.2 Going concern Al the lime of approng the financial stalements. the tnjstees have a reasonable expectath)n Ihal the charity has adequate sOurceS to conknnue in operat¢onal exislence for Ihe foreseeable future. Thus the truste8s conlinue lo adopt the going ojncem basis of aco)untr'ThJ in preparing the financial statements. 1.3 Charitabl? fvnds UnstA¢¢ed funds are available for use at the disc of tr trustees in fvrtheran¢e of their thafitable obje¢tives. Restricted lunds afe subject lo speofic conditKJns by donors as to h(w Ihey may be used. The purposes and uses of the reslricled lunds are set out in the noles to the financial statements. 1A In¢om• Irorne is re¢ognised when the charty is legally enb.tled to rt after any performance o)t)dions have been met, the amounts carb be measured relia. and rt is probable thal will be received. Cash donations are reco9nised on receipt. Othef donalK)ns are recognised on¢e the charity ha$ been no1ed of Ihe donation. unless perfomance condibon$ require ¢JefeNal of the amount In¢ome tax re¢over¥ble in rdalion to donations received undar Gift Aid or deeds of covenant is lenised al the timè of the donatiort. Grants are recognised when received. Income frorn fvndraising is reo)grMsed when receNed. Income from tuition and other income is recognised when re1ve. 10-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Accounting policies IContinu•dl 1.$ EXnditYe Expendiiure 1$ feeo9nised on an acuLrals basis as a liatm.lrty is in¢uffed. Expendrt tn¢lude$ any VAT which annot be fulty re¢overed, and 15 rewted a$ part ol the expendilure to Ththich it relatss. Cb8ritable expendilure comprises costs in¢urTed by the Ch8frty in the delivery of rts a¢tivrties and Serwces f¢y rts benefiGiaries. It indudes both a)sts Ihal can be allo¢ed dir¢¢lty lo svth adwilies and those osts of an indire¢l natu necessary to supptyt them. Govemance costs indu(Je Ihose costs associated with meeting the c¥Jnstrtutional 8n¢J statutory reqLuremerrts ofthe Chafty atvj include audit fees co$ts nked lo Ihe strale9i¢ mana9gmgnl of the Chanty. All costs are allocaled belween the expenditure categois of the Statement of Finanoal Activities on a basi$ designed to reflecl the use of the resource. Costs relats'n9 lo a particular actNity a allo¢ated diTeclly,' others are apporboned on an appropriat• basis. 1.8 Tangible fixed assets Tangible fixed assets are inrtialty measud at Cost and subsequenty measured #i co$1 or luatIOn. nel of depre¢iation and any impaimwl ltssses. Depreciation is recognised so as to write off the cost or tlalualion of assets less their residual values over their useful lives on the following bases.. Freehold land and tildIng$ Plant and equipment Motor vehides 2% on cost 25% redIng balance 12.5% reduang balance The gain or1055 arb5in9 on Ihe disFwI of an a5sel is detered a5 the dknce beh¥een the Sa proceeds and the Cafrying value of the asset. and is re¢ognised in the statement offinarwl actm1. Fixed asset a¢Jthtions ¢ostsng less Ihan £900 not ¢aptsliseO. 1.7 Impalrni•nt offix•d ss•ts At each reporb.ng end dale. the chafity Teviews the carrying amounts of ts larVJIb assets to determine vthether there is any irlcatIon that those assets have SLrfered an impairment kjss. 11 any such indication exists, the recoverable amount of the asset 15 esb"mated in order to determine the exlent of the irnpairment Ios51rf any). 1.1 stocks Stocks 81e slated at the lower of cost and estimated selling yi¢e lèss costs lo complele and sell. Cost comwise5 direct materials and, where appI1¢at, direct labour rA)sts and those overheads that have been incurred in brbnging the sl¢)cks lo Ihw"r prtrsenl kncation and condrtion. Ilm$ held for dislributs.on 81 no OT nominal constrderation are measured the lower of plaCement cosl and cost. Nel realisable le is the estimated 5ellirwJ le55 al esbmated Costs of cuWel*)n and costs lo be incurred in marketing. selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposbts held at call with banks. oth•r short-term Ivjuid investments with original maturities of the months or less, bank overdrafts. Bank overdrafts are shown within borrowings in current 1[alI1$_ 11
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Aecounllng pollcl•$ {Conlinu•dl 1.10 FlThanclal Instrum•nts The charty ha5 elected to apk the pwsion$ of Section 11 'Basic Financsal InStrt5, and Section 12 'other FinancAal Inslrumen1515sue5' of FRS 102 to all of its financial in5tnJments. Finanual instruments are recognised in the ¢wrty's balance sheet when the drIty becomes party to the contractual Provisions ol the in5trumenL Financial assets and liale5 are offset. wilh the net amounts presented in tr fmancial stslements, when there is a legally enforceable right to set off the recognised amounts and thwe is an intenlion to settle on a nel basis or io realisè ihe asset and settle Ihe abkn'lY siTrJullarieUuY. Basic linancial assets Basic financial assets, whith Inde debltys and cash and bank balancts. are initially mea$Lred at transath.on price induding Iransaction costs and are subsequently carried al amortised cost using the effective inleiesl melhod unless the arrarment constilutes a finan¢ing tran$a¢tion. whtr the transaction is measufed al the present value ol the fulure receipls discounted at a market rale of intere51. Financial assets classified a$ receiv3te within one year we not amorb"sed. Derecognition of finaft¢lal assets Financial assets are derecognised only when the contsa¢ttral righ1$ lo the cash flows from the asset expire or ère seitled. or when Ihe charity transfers the financial asset arHI 5ubslantiaNy all the risks and rewards of nership to another enbly, of rf some significant risks and reward5 of rA¥nership are relained bLrt control of the asset has transferred lo anolher party that is able to sell the asset in its entirety lo an unrelated third party. Basic finaneialmabllllles Basic financial ha.1rtIes. indudirrfJ credilors and bank loans arè inrtkalty recognised 81 transaction pnce unless the arrangement constilutes a finanarrfj transaclion. Whe the debl instrumenl is measured al the present value of the fulure payments discounled at a rnarket rale of interest. Financial liabilrties dassified as payable within one year are not amortised. Debt StruMentS are subsequently Caled at amor11s (#)sl. usiNJ the effectNe Inte51 rate method. Trade creditors are obligations to pay for goods or servKes th have been acquired in the ordinary course of operations from suppliers. AmnIS payable are classifd as 1rrent Ikrybilities rf payment is due within one year or less. 11 not. they are presented as non-currenl liabilrtvès. Trade Cfedr(ors are recognised iniiially at transaction price and subs•quentty measLwad at amorkn'sed cost usiw the effeclive interesl method. De09110 of finan¢ial liabilifye$ FanCIal lialItIeS are derecwiised vthen the contra(#ual Obliga.05 expire or are di5(arged or cancelled. 1.11 Employ•• b•n•fits Thtr cosl of any unused holiday enlrflement is recogni5ed in the period in whith the employee's seNces are re¢eived. Temiination benefrts are recognised iMMedlety as an expense when the tharity 15 demcfflstrably ojfflmrtled lo terminate the employment of an employee or to prowde termation beneffts. 1.12 Retirement beneffts Payments lo defined contribut tirement benefrt schemes are charg•d a$ an expense as they fall due. 12-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Crlllcal a¢counllng estimal•¥ and ludgements In the application olthe ¢harity's aDU"n9 the truslees are wuwed to makejudgemenls. tinate and assumptions about the carrwng amount of assets #nd liabil.*$ th•1 arè not re8dity apparent from ¢ther 8ource5. The e51imales 8nd aSsocted a55umptions are based on hislori¢al eXpenCe and other factors thal are considered to be relevant. Actual results may drfer from these estThales. The estimates and undertyin9 assumplions are reviewed on an orwng basis. Revisions lo accounliThJ estimates are recognised in the period in which the estimate 15 revised where the revision affecls only that period, or in the period ol the reWS and future periods where the revision affects both current and fuiur¢ periods. Donatlon$ and 1ogacl•s Unre$tri¢ted Unreslfrded fund$ funds 1022 2021 Llonab'on$ and gifts 18.159 12.1 13-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Tuition and other inne- young childft and Yth 8di¥its Grants 30,601 281.945 28.136 327.379 312.546 355,515 Analysis by fund Unrestricted Re5tricled funds 44.601 287.945 130,710 224,799 312.546 35S,515 Grants Ftying Start Lovia.iy L.metgency Chlldcarc Integraled Care Fund Job Relenlion Scheme Rhondda Cyrrf>n Taf cOty Borough Counoa Playscheme 8ryn¢ynon (Ftying St) Moondance Foundat)n Arnobj Clark Forrester Foundation Charities Aid Foundation The National Lottery Communty Fund Big Ltsttery Community Foundation in Wdle5 Interlink G8rffiÈld Weston Local Giving (Fareshare) RCT C8C- Kickslart RCT Grants RCT Start-up Grant (Playgroup) National Lottery- Places Caled Home Voluntary 10ft Merthyr Tydr Peer5Action Leaming Fund 81,536 51,132 7,060 35.387 16,111 50.500 33,557 26,060 35.387 4.000 71.943 2.5C#) s,000 8,960 9.500 79,112 10.000 19.571 6.000 9.375 10.000 2.500 7.043 14.$48 969 2.orKI 281.945 327,379 14-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 IAding activltles Unrestricted Unr•5tricted funds fijnds 2D22 2021 Cafe income and buffet sales Fundraising Other ineomé 16,243 872 244 7.530 543 4.490 Other trading acti¥e$ 17,359 12,563 ising funds Umstri¢trd Unrestricled fvnds lunds 2022 2021 F ndraisi Purchases 16,089 5,100 16.089 5.100 15-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charllable •¢llvll6es 2022 2021 Staff Msts DepCIatiOn ar wnpairment General ath.wty Independent cxomlnaloon fc Le9al and profe5sKJnal fees 201,427 33,355 104.444 3,3DO 2.281 132,311 29.617 61,374 3.390 3.002 344,897 229.694 344.897 229,694 Anatysis by fund Unrestricted fvnds Reslricteil funds 43.591 301.3C6 42,935 186.759 344.897 229,694 Olher Rostri¢led funds Restricted thJnd5 2022 2021 Net loss on disposal of tangible fixed assets 395 34.657 39S 34,657 None of the irustees (or any persons Connected wilh thèm) receprnl any rernUneratjn Of benèfits from the tharity dwing the year. One Iwustee is also a dire¢lor of Spe¢tade The8tre Limrted. During the year £440 (2021.. £nill was received frorn the company for venue h*e, wrth no amounts outstanding at the year end (2021.. £nll. The charity also paid £4.000 {2021." £nil) to Spe¢tade Theatre Limited for a unting video project. wilh no amounts outstanding at the year end {2021- £nd). 16-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 10 EnM>loy•oS The a¥trage monthty nLmber OfeM0Yees durirg the year was.. 2022 Numb•r 2021 Number Main project acbwtRs and adminislralion Part b'me staff Totsl 13 11 Employm•nt costs 2022 2021 Wdges and salaries Social security costs Other pension costs 1,529 6,418 4,480 126,130 3,039 3,142 201.427 132,311 Key management peOn¢1 The key man89emenl personnd of Ihe ¢harty during Ihe peiiod rKted in the trustees rgport The tolal emcAuments and beneffts reNed by the key managemert personnel during Ihe year was £85,883 12021. £53,683). There were no employees vthose annual remunwakn was mre than £60.Cth. 11 Tafiglb fix•d asset8 Freel1 l•nd Plant nd Motorv¢hkl and buWdlTrg5 •quWeni Cost At 1 April 2021 Addition5 Disposals 1.054.448 28.953 359.625 13.010 (6,547) 24.585 1,438,658 41,963 {6.5471 At 31 March 2022 1,083.401 366,088 24,585 1.474,074 Depreclation and wnpaimwnt Al 1 April 2021 Depreciation charged in Ihe year Eliminated in resped of di5[15 283.350 21.400 337,107 8,882 (6.1521 621.251 33,355 16,1521 3,073 At 31 hlaf¢h 2022 304,750 339.837 3.867 648.454 Carrying amount At 31 March 2022 77B.651 26.251 20,718 825.620 Al 31 Mar¢h 2021 771,098 22,518 23,791 817,407 17-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 12 Stocks 2022 2021 Finished goods and goods for resale 13 Debtors 2022 2021 AmOnts falling duè within one y•ar. Trade ¢Jeblors Other deblors 26.$09 14.157 2,072 40.C¢G 14 Cr•ditorn: amounts falllng du• within on• y•ar 2022 2021 Trade creditors Other credilor5 21.653 7.002 6,088 7.552 29.455 15 R•tirem*nt bontfft $chemes Defined ¢ontribulion $¢hemes The charty operates a dèfined contribjtion pension sth•me for all wall.j employees. Thè assets of the scheme are hehl separatety from Ihose of the chaiity in an independènily administered fund. The ¢harge lo profft w h)ss in respecl of dered corthibLrtw s¢hemes was £4.480 (2021- £3.0961. 18-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 Re$tri¢ted fvnds The income funds of the chaiity Inde $trIcted furbd5 comprising the fdlowing unexpended balances of dOnatS and grants held on trust for speafic PUTeS.. Movement In funds BaLince at 1 Incoming Resources Balance at 31 April 202f resources expeftded March 2022 Fixed asset Teser¥e Ftying Slart Inle9raled Care Fund The National Lottery Heritage Fund Garfield Weston Intedink National Lottery- Plars Called Home Volunt8ryA¢tion Merthyr Tydfijl Community Foundation irt Wales Playscheme Bryncynon RTCBC . Ki¢kstsrt RCT- Grants RCT Start Up Grant {Playgroup) Peer5 action leaming lund National Lottery Communrty Fund 766.699 121.9281 181.5361 135,387) 19,500) 110.000) 19.375) 14,573) 15.000) 16,000) {49,115) 17.043) 114.548) {969) (2.0001 144,7281 744.771 81.536 35.387 10.Cth) 9.375 4.573 71.943 7.043 14.548 969 2.000 19,571 22.828 25.157 801.3 267,945 1301.7021 767,600 Flxed as$•ts reserve - this repsentS buldings improvements. fbJ[eS and equiprYrf originalty acqLtired using restricted funds. The balance will lynd future depre¢aln of equipment. fixture5 and fittings 10 the extent that those assets are rewesenled by the fvnd. Ftylng Start - local aulhority fvndg wo¥rth"ng salary, rentsl and resources for pffrsdol thilthn and families. Intsgrdt•d Car• Fund - Capital Tecelved to enable u5 to be more indusive for additKJnal support needs, the fund was used to purchase of a new FAatform lft, a Serw Room and a W)eelchair adapted vehide. Job Retenlion S¢hem- lunding to support wages $15 durry the Covi&19 pandemK. RCT Haygroup- fisnding lowards plaYgp aclbwis. The Natlonal Lottery Hèrllage Fund - This fund was for a heritage an history woiad based around Ihe FormerAII Saint$ Church. Coaifi•ld$ Community Investmènt Programmo fvnding was provided for the purchase of nèw windows. The cost has been ¢aprtali5ed arKI is beiNJ depreoated in line with the tharity'$ a¢counting pobcy. W•lsh Church A¢t Fund- funding was provKfed to cary out relurbtshmenl Works at the communty cefttre. Community En•bllng Fund - funding was pded lo cary out refurbishment works at the ctsmmunity centre. Garfitld W¢slon- Income receryed tN3rds salaiies core costs lor the dwty. 19-
BRYNCYNON COMMUNITY REVIVAL STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 16 R¢stri¢tsd funds {Continu•dl Interlink - Various grants. many microgfants for speofic idenrfd se5sn5. indudes costs a550ciated lo salaries, venue hire. equipment, refreshments, etc. N•tional Lott•ry - Communlty Fund - Income to launth mea15 on wheels seTwce sts and to slart older person5 project. Funding coverèd staff salartes, overheads, food purchases and delivery vèhide ¢ost$. N•tlon•l Lottery - Plc•s Qllgd HtyM- Inm0 for office reftrtishmenl o)sl$, creating a safe Comfortable 8Ce for al to use. Voluntary Action Merthyr Tythl- Income for rentsl for a se¢we space for wonteerS to sotyalise and use. Community Foundation in Wales £5LD) gr•nl fty Comrnunty Acbvrfie5, induding room rental, rèfreshments and entertJinmonl.. £.10CO STJnl for Commty neetter w.L*. Playsch•m• Bryncynon - Local AuthrtY Funding prowding salary, rentsl and resources for thildren aged 14. RCTCBC - Klckstart - Local Authority Funding . Providing Salary costs for employee5 under the age of 25 who were unemployed for a knng period of tsme. RCT - Grants - Loca Authonty fundirvJ. for xnprovements to Equipment. facilitiès and povety programme grants. P••rs Aclion Learnlng Fund- Fundir4J for salarres for acti( leaming sessions. 17 Analysis ol nel as$ets between fid$ Unffestiicted Restricted 2022 2022 Totsl Unrestricted 2022 2021 Restricted 2021 Total 2021 Fund balarnc8s at 31 March 2022 are reprèsented by.. Tangible assets Current assetoI8bl[tI¥$) 80.849 146.581 744.771 22.829 825.620 169.410 50,708 156.283 766,699 34.657 817,407 190,940 227.430 767.6 995.030 2t6,991 801.356 1.008.347 18 Rald party transaetions There were no other related paty transactions in the rAJrrent or preNiOUS year.