2021-03-31-accounts

THE ABERTYSSWG VILLAGE PARTNERSHIP FINANCIAL STATEMENTS FOR 1 APRIL 2020 to 31 MARCH 2021 CHARITY NUMBER: 1074995

P8p1 THE ABERTYSSWG IIILLAGE PARTNEASHtP TRUSTEES ANNUAL REPORT YEAR ENDED 31 IIARCH 2021 TnJst•es how the pleasurg in pr0•8ntirHJ tsir report ￿ rinarKi818t8t6m118dth8 charity rorth8 y88r $n￿j 31 Merch 2021 LEGAL STATUS ThtrknrtyS8Wg Villag# P8rtnership 13 an unirrArpDrth rqgustered th8rity c£n6ttht8d under tmst datB¢ 8th Septgmbw 199B 8nd 1$ oo¥omJ by the Ch¥itw Aci 1993 o&JecTWES OFAÈEATYSSYIG VILLAGE PARTNERSMIP The ChariV8 ¥8". 111 To ￿￿errt ofih8 inhabit￿$ ofthèA)wtysw tsreawilhrArt dwtnLKn of ao¥. p¢AiliGl, religiou&or (thar oFNnK)ns ty 3$50cLqliw thg Ict818LthrilK98, vdth18ry orwis8tK¥ and ￿ 1rabit8nts in a cornm￿ effort 10 adv￿ aducstion 8ThJ provKle ￿lIrt￿& in the interestof soual Warefi>r recrnalion Bnd leisure tim8 or¥AJpSt￿. wth thg ¢￿t of IM￿O¥1n9 tbe condiliwg of lrfo for lh8 Said inh8bit8nts, 121 To ea￿)11$h u secwe th• estabiishrfntofa Ccthmunity Centraforthè bytr A9)&ation in tha further4r￿ dthe aboYtrabpLN6s. ORGANISATIOM Thethrty￿ Village Partnership IB8 rw•tWgd knty wvwned by ihe mern￿ 8nOlho Exeortiw CTriYnitieo in 8rxordgrK8with il's ￿￿$￿t￿lI￿. NVESTIIENT POWERS AND RESTRICTION5 Th& oiarity th$ nol havtr a ftymal InYe51menl PDI REVtEWOF DEVELOPMENTS, AC￿TIEs AND ACHIEVEIIENTS The major grants abtsinBd lofijnd the building work5 were £289,(￿1rc￿ the Nation81 Lottery Comunity Fund. £1￿.(￿0 from C88rphilly CoLW)ty Borty4h CDunc41 and £160,OLk)frurn ts Euruwn. RÉgK)nal De¥ebprnent Fijnd RESERVES POLICY 1119 ts p)Iky ofih8 C￿10 Mld wJffici•ttfr88 r888Th9 to Th￿]18￿ the CorrRnunty Cenim so that aLvthes wurrntsd by 1h8a5wuatiL￿ in Ihg furtI￿anC8 of ts o4othv•s c4n wnlinue. Rk%K MA14AGEMENT Thetruslees have examinBd the major ri¥ks rgrityfac¥s aTrJ r￿ffjrr￿ that $y¥tem$ ha¥e een est8blished 1¢ enable rgJu18r rwrt$to be woducad 8¢ Ihatts n8ce888ry w$can b& tkn lo le55en Iheye rtiks. LEGAL CONTIIACTS The grwnd fl¢xJr wernisesfonThry pwt rlth• CrfftmuThty Centrowas leased to Abertysm RFC Limited 89 ofih8 181 July 2016 Ic¢ th8 tsm of25year8 in 8#Ord￿￿1th thètwml t0rwjit￿I of tho contr& therein

PJ8 2 THE A8ERTY88WG WLLAGE PARTNERSHIP TRUSTEES A14NUAL REPORTI¢oNrnUED) YEAR ENDEII 31 MAR¢N 2021 TrIE TRUSTEES I￿￿te•l ¥er¥ed ts rority ¢AJrir¥J the pencAY as￿￿8.. Cllr. D. Hw88 Cllr Mr. J Bevai s V J Davre$ Mr G Davie Mrg J T8￿ TRUSTEES. REsPON￿BIuTlEs L￿•plicAb lo ctsitieg in Wales rwir88 th8 tru81888 ie prepar8 fin￿ stthm8rrt5 fur etth fin￿al gi￿ a true and fBirvithv of affairs rrfth&chwity atthe ￿rAnt1 clirKQrnlTrJ r88tyJrc88fcf thg y89r1￿ wwJ8d. In prgpAnrg those finon¢iBI stOtwnent¥. the we required to sew suit8bl88rwunlSw Iicies 8nd then ar¥)￿ tsm ¢La)SlSt8nt￿ m8kiwjuthJ8m8ni$ and 88timÈtO8 that 8 rea￿n￿￿e ond pnHlenl. The trustees rr￿151 also pryreths finanrial Statements on Ihe pirvJ concam b88is unl88s 1119 in8fSYWkgte 10 pr8wJm8 that it charity dub wll wnifftue its activit Irusteag 8r8 rewsibl8frkww ￿r￿jnI1￿ r8rxrfd8which dlgc1og8with ro89￿￿ble acoxacy at any time Ihg fin￿al oflhe GhBnty ond to enBbkn I￿￿n 10gn5ure Ihallhe firwtyal gtatemenl$ complywth the Chwrties Act 1993 Irusteg9 gre also re¥AMble for safegU￿dIng assets oftha L*8rity h8ncefor t8knn9 msonabla 5tap¥forth F￿￿110￿ deiectyon offr8ud ond other Irregularit￿9. Sifv ofthe tnth8$ Ch￿rn￿n ev•J by th8knJ8t888 cn.........................

Paog 3 THE ABERTYSSWG WLLAGE PARTNERSHIP TrUSTEes A14NUAL REPORTI¢ON¥PI YEAR ENDED J1 IAARCH 3021 I roport ￿ th8 Un•￿it￿ ￿ts)￿ntS oftt drityftrlhe y￿ren¢￿ 31 Mar( 2021 sot tyjt on page34 to 12 RESPECTIVE RESPONSIBILMES OF The TRUSTEESAND TME INDEPENDENT EXAMINER AS the thwity TnJYt￿s y￿1 rssponsibbtr the prepgratio) crfthe a¢￿unIS,. th81 the 8udil f8quIf8ff￿ of 43121 of th8 thBrilies 1993 doe$ not 8pkqy. and M an indepBndent examination 15 required. 11 is my r8gp)nsibilty 10 Stato, on Ihe basi8 ofihe prct8dur88 wifd in tho Gen6Yal DireLion& given by the Charil CLunmIss￿ L¥thr sa&K)n 4317llbl ofthokt, %knether psrknoJL9r mattws h8¥8 c4mè to my ASISOF INDEPENDENT EXAMINEKS REPORT My examirJalKin w05 Carriod (xrt in ￿e(￿dar￿0 wth the 08rwr81 d￿￿0￿ gwen by th& Charllios Commissiorws. An indepeThJ6ni aXaMin￿lI￿ irKludes a reviw ofihg acwunling records kept by Ihg and 8 comwgm oflhe acojunts kyèsentsd wilh ih088 r￿d$. h 8180 Ir￿u￿#S ¢onsMlerthon ￿anY unusuol itom$ or disdosur8s the acuunt&, seeking Bxpiwfmg trom Y(￿ the Trust888 con¢wniNJ su m8tt8rs. Tr woc8OJr88 urthrtak•) (h) not provKI8 811 Ihè 6vvJèrK• that %w)uld be raquired by an Budil. arKI consequonlly I do not exprn5$ en gudil opinim m the ViW oiwi by the actounl•. Ir40ePENDEpn EXAIIINER'S STATEIIENT In rymection wth my wminatsw, w mgttw has cm lo my 81tenti￿. 111 Trhich gw88 r688cfiaN& Ca￿ to btrlitsv?Ih8t in any ntsial resPKt the requiremBnl5.' 181 to kw ￿JnI￿ r8ctyd8 in 8¢wrd￿C¥ith 88C#ion41 rfthtrAL', MI Ibl to prepare ar￿￿￿lts ¥thith acc￿ wth the ArnJnling r))rds lo OJTply wth lh8 8cJ))uniiw f8qUif8meth8 oflho Act 121 to %thKh. In my cpinion, attent￿ shoJk1 t in o￿t0n￿￿ a F Swar￿. Name." knn-Alariè T￿trY MA4T Pthrass. 8 Wai8doo Ter Ponllotyn. 8wgwY Mid Gl8moro8n CF81 gRG

YE•RENDED JI IURCH2021 UnMivb¢t•d R•irlGt•J Yatsl Fund• To¢•1 Fw Fufid• Fund# 2021 2O2D INCIYIIIIG RESOURCES ￿C￿￿tr￿n￿Oritjbl 4.510 4,510 Int4149t TOTAL INCOWNG RE80URCES IIESC4MKE¥ E¥PENDED tofq•nv•Ong fund& Fundrawng and pubk ChirSt•bl••Ap￿dth.. Otfurttr￿￿￿0f 17 11.eeo ¥ttrnkd8tr￿Tr TQTALAE$OUKE8 EXPENDED 370 370 NET INCC*IWGIIOUTWNGI RE80URCESFOR THE {4.7141 11.U20) 2,013 NEf IOUTOOINQI RESOUReEg FC4iTHÉ YEAR Bolancth broughtf0￿r￿ 37828 t￿.$$2 144.380 14,7fjdl JBD341 384.577 52895T

THE A8ERTYSSWG ￿LLAGE PARTNERSHIP PALANCE SHEET YEAR ENDED 31 MARCH 2021 2020 Ass81S 10 410.354 416.018 ¢UIIRENT ASS 577 118720 119.297 Cash 81 and in hond 79.791 CREtyTORS.. Amoufvl¥Allnq vAthln on• y•ar 12 518 NETCURRENT ASSETS 118.8￿5 79,877 TOTAL ASSETS LESS CURRENT LIABILM 528.957 495, CREDITORS.. A￿K￿￿11111￿Y du• 13 NET ASSETS 528 957 495 893 FUNDS Restricl•d U￿08tntsJ 14 15 384,577 144,3 389,341 1C6.552 TOTAL FIINDS 528 957 495,893 Th?trust888 ara 88tiBfiad thattha regjiremsrrt cljoclion 4421 of the Ch8rili8s ka 1993 Ilhe kntl (e¥ not opply. ￿ thql rKJ rr￿nber LY n￿b￿S h8Yo fa4u8Stsd an •JJiL Tho trJst•o¥ od(nvM•(Ig8 reswnbilitlOY.' 1 for preparirvJ finanrial 5tatemBnl$ frKo8chfinencl81 year hlch oive 8 true fair viow of 818 of 8ffaitsef th8 tharty atlh8 wvj of IhB year and Lll 2 in w6parirvJ those finanual ststements, the IFUStees are required to 88lect guita￿? &x￿￿4r￿a p)11ty8s and then tr￿ consistantty. makingjudgemgnts and esbmths that and prutsTrt ThB t￿￿te8S must Blso fxepare I financial statemen15 on Ihs goirvJ concern bask9 unless rt 18 InaKI)rwi8t8 10 pregJm bl81 the dubwill ￿tIn￿ its 8&ivthè8. rwJt&8 L) pwJès8 to 12 form pwtof ¢h•x finwial atemerts.

Pag• 6 THE ABERTYSSWG VILLAGE PARTNERSHIP BALANCE SHEET YEAR ENDED 31 MARCH 2021 3 for keeping prop8r acojunting ra¢￿d$ ￿1¢h disdoge with reasonable acLufocy al any time the financial position of the tharity and to enablo thom lo ensure th81 the rinancial statem8nts comply wth the Charities Act 1993. 4 for safeguarding tho assets of the ¢h8rity dub and herrh for taking r08sonable 81ep8 for the prevention and detection of fraud and other irr8gularilies. Thes8 finanryal stslgmgnls were approved ty the m8mb8rs of thg conmittee on Iw 202L and are signed on their behaw by '. Chairnw¢ The notes on pw 6 10 12 fonn part of th8se financial 8ts1omenl8.

Page 7 THE ABERffsswG VILLAGE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 1 ACCOUNTING POLICIES Ba811 of a¢￿untIng Thg financial stat8m8nts havg been prepared under the historical cost convention and in a￿rdance with th8 Stalemont of RecommeThJed Pr￿tice"A¢￿unIing aTrJ RoP)rting by Ch￿Ille5, ISORP 20¢XJI. Cash flow •tatamont The trustees have takfjn athanlag8 of the exemption in the Fin￿ClaI ReportiThJ Standard No1 from including a ￿$h low statement in th8 financial slalemènts on thè grounds Ih8t the chority is small. Doprnclatlon D#pr8cialion is calculated so as lo write off Ihe cost of an 8ssel, le88 il's eslimaled r65idu•l value, ovor the useful oconomic lrfe of that asset as follcr•VS". Equipmgnt Fixtures and fittings Leasehold property 25% reductng ba18nce 25% reduang b818nc8 Amortised ov6r 99 ￿arS b8ing thg P8riod of thglgase Thé lease was extended by 99 yoars (previou8 lease 21 years) Dof•rr•d grants Grants in rgspect of capitsl expenditure are Irealed as income and are erédited lo the slalemenl of financial activities when they becomo recaivable. 2 GRANTS RECEIVABLE Unro•trlcted Ro•trlcted T¢)tal Fund8 Total Funds Funds Funds 2021 2020 Grant 1- June 2020 Grant 2- February 2021 Grant & Febnjary 2021 Grant 4- March 2021 25,CA)O s,tsJo 25,IX(I 40,(K)O 40,0 Grants were received from Caerphilly C(xJnty BcKouuh C￿nclu Welsh Govemment from th8 Restn'ctions Business Fund- Non-Domestic R81e INDRIGr8nl-Grant B. The payments are to help meet 0￿ratIng C*)sts falling within the 2020121 financial year to 31 sl March 2021.

Pag• 8 THE ABERTYSSWG VILLAGE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENOED 31 MARCH 2021 3 INCOME FROM CHARITABLE T14ADING ACTMTIES 2020 Charitsble trading activitie$4rKomo 4,510 10.750 4 INTEREST RECENABLE 2021 2020 Bank interest receivable S FUNDRAISING AND PUBLICI Unrn8trl¢tod Restrlct•d Total Funds Total Funds Funds Funds 2021 2020 Other fundraising costs 6 COSTS IN FURTHERANCE OF CHARITY OBJECTS Unrestricted R￿trIcted Total Funds Total Funds Fund8 Fund8 2021 2020 Provlslon of charltable •eNlces: Provision of e$tabli$hmenl Support Costs: Support Costs 6,312 4.764 11.076 11,880 370 6,682 370 11,446 390 12,270 4.764 Analysls of provlslon of charftablo •eNI¢o8 Staff Costs Deproclatlon Other c￿ts Totsl 2021 Total 2020 Provision of establishment 5.662 5,784 11,446 11,880

Page 9 THE ABERThSSWG VILLAGE PARTNERSHIP TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 7 MANAGEMENT AND ADMINISTRATION Unrastslcled Restrl¢tod Total Fund8 Total FuTras Funds Funds 2021 2020 Office costs Ac£ounl8ncy fees 340 370 370 39J 8 TOTAL RESOURCES EXPENDED Stsff Cost• Deprecialion Other Costs Total Fund8 Total Fund$ 2021 2020 Direct charitable expenditure Fundraising and publicity Management and administrati( 5,662 5,414 11,076 11,880 370 370 5,662 5,7e4 11,446 12,270 Partlcularn of omploY•￿. 2021 No 2020 No The average number of staff employed by the charity during the financ¢al year amounted lo During the finanaal year ending 31 March 2020 there wer8 no employeos

Page 10 THE ABERTYSSWG VILLAGE PARTNERSHIP TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 2021 2(Y20 Oth•r Costs Premises Legal and professional Other 5.414 5,871 370 5,784 390 6,261 9 OPERATING ASSETS Operating profit is stated after charging-. 2021 2020 Depreuation 5,662 6,009 10 TANGIBLE FIXED ASSETS Equipmont Flxturns Leasehold Total & flttlngs property COST At 1 Apnl 2020 Additions Disposal At 31 MARCH 2021 8.485 23,344 639,838 671,867 8,485 23,344 639,838 671,667 DEPRECIATION At 1 April 2020 Charg8 for the year Disposal At 31 MARCH 2021 7,252 20,423 730 227,976 255,651 4,624 5,662 7,560 21,153 232,600 261,313 NET BOOK VALUE At 31 MARCH 2021 At 1 April 2020 925 1,233 2,191 2,921 407,238 410,354 411,882 416,016 The depwiats'on on the leasehold property was amended to take into accA)unt thal the lease was extended by 99 years (previous lease 21 ye8rsl The leasehold propety w8s revalued at net book value as al 1 April 2005 and amortised over 99 years being the revised lem of th& lease. Augugt 2016 8 Suspended ceiling wa5 fitted lo the main hall costing £23970. lown funds) This is an addition to th8 leasehold prO￿ty and amortised over the remaining temi of the lease.

Page 11 THE ABERTYSSWG VILLAGE PARTNERSHIP TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 11 DEBTORS 2021 2020 Other debtors 577 577 12 CREDITORS: Amounls falllng du• vthhln one year 2021 2020 Other creditors Trade Creditors 518 518 13 CREDITORS: Amounts lalllng due after more than one y¢ar 2021 2¢Y20 Trade Credstors 14 RESTRICTED FUNDS Movement In resource• BAlance at Incomlng Outgolng 8•l•nce at 01-Apr-20 31-Mar-21 Villag8 Hall &Jilding Fund WCVA Stsge Chairs and trolley 388.436 345 560 389,341 4.624 363,812 140 4.764 420 384,577 The Village Hall fund was funded by grants of £289,000 from the Community Fund, £150,0 from Caerphilty County 8orough Counal and £152,C4)O Irom the EuroFean Regional Development Fund. The Grants wero awarded lo build the communty ¢entre. The WCVA fiJnd has been awarded to buy Projector, ScTren. VCR & DVD Players, sound system for showing free film shows for young people and educational matsrial for organisations. £345.CQ Underspend outstanding The WCVA fijnd £4692 and Awards for All £5CtQ was awarded to purchase Stage Chairs and Trolleys. This fvnding was cOnd￿'0n81 that items purchased ¢annol be 501d nor transferred to other voluntary organisations. The rtems purchased wll be recognised as an asset lo the organisalion under Fixiures and Fith"ng$,' and depreciated at 25% reduung balan¢* for the lrfe of the asset. £261 was provided by the Ab8rtysswg Village Partnership's own fvnds.

Pa98 12 THE ABER￿SSWG VILLAGE PARTNERSHIP TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 15 ANALYSIS OF NET ASSETS Ibotwoon rnstrictod and unr•stri¢tsd funds) Tanglble Other net fixed awts a￿•ts Total Village Hall Building Fund WCVA Stap. Chairs and Trolley 383,812 383,812 345 420 384,577 144,380 528,957 0,420 384,232 26,122 410,354 345 118,258 118,603 Unrestn'cted Funds