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|||||||Pages|
|---|---|---|---|---|---|---|
|Trustees'|annual
report (incorporating||the|director's|report)|1to 6|
|Independent
examiner's
report to the|||trustees||||
|Statement|offinancial
activities|(including||income and expenditure|||
|account)|||||||
|Statement|offinancial
position||||||
|Statement|ofcash flows|||||10|
|Notes to the financial statements||||||11 to 21|
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||||Year ende|d 31 March 2|021|||
|---|---|---|---|---|---|---|---|
||||||2021||2020|
|||||Unrestricted|Restricted|||
||||Note|funds
f|funds
f|Totalfundsf|Total funds
f|
|Income and endowments||||||||
|Donations
and legacies|||5|817||817|13,582|
|Charitable
activities|||6|568,552|201,138|769,690|635,090|
|Investment
income|||7|10||10|3|
|Other income|||8|15,325||15,325|19,888|
|Total income||||584,704|201,138|785,842|668,563|
|Expenditure||||||||
|Expenditure
on charitable||activities|9,10|(647,154)|(163,685)|(810,839)|(780,842)|
|Total expenditure||||(647,154)|(163,685)|(810,839)|(780,842)|
|Net expenditure
and net||movement|in funds|(62,450)|37,453|(24,997)|(112,279)|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||137,800|1,540,593|1,678,393|1,790,672|
|Total funds carried|forward|||75,350|1,578,046|1,653,396|1,678,393|
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|||31 March|2021||||
|---|---|---|---|---|---|---|
|||||2021||2020|
||||Note||||
|Fixed assets|||||||
|Tangible fixed assets|||17||1,409,809|1,451,670|
|Current assets|||||||
|Stock|||18|7,476||9,081|
|Debtors|||19|17,026||12,417|
|Cash at bank and|in|hand||606,223||604,731|
|||||630,725||626,229|
|Creditors: amounts||falling due within one year|20|(63,170)||(51,612)|
|Net current assets|||||567,555|574,617|
|Total assets less|current liabilities||||1,977,364|2,026,287|
|Creditors: amounts||falling due after more than one year|21||(323,988)|(347,894)|
|Net assets|||||1,653,396|1,678,393|
|Funds ofthe charity|||||||
|Restricted
funds|||||1,578,046|1,540,593|
|Unrestricted
funds|||||75,350|137,800|
|Total charity funds|||22||1,653,396|1,678,393|
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||Ye|ar ended 31 March 202|1||
|---|---|---|---|---|
||||2021|2020|
|Cash flows from operating|activities||||
|Net expenditure|||(24,997)|(112,279)|
|Adjustments
for:|||||
|Depreciation
oftangible
fixed assets|||41,881|45,659|
|Other interest receivable
and similar income|||(10)|(3)|
|Interest payable and similar charges|||14,204|14,251|
|Changes/n:|||||
|Stock|||1,805|(1,334)|
|Trade and other debtors|||(4,809)|6,453|
|Trade and other creditors|||10,407|(6,926)|
|Cash generated
from operations|||38,481|(54,179)|
|Interest paid|||(14,204)|(14,251)|
|Interest received|||10|3|
|Net cash from/(used
in) operating
activities|||24,287|(68,427)|
|Cash flows from investing|activities||||
|Purchase oftangible assets||||(31,240)|
|Proceeds from sale oftangible assets||||3,746|
|Net cash used
in investing
activities||||(27,494)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||(14,891)|62,363|
|Proceeds from hire purchase|agreements||(7,884)|26,614|
|Net cash (used in)/from
financing
activities|||(22,778)|90,977|
|Net increase/(decrease)
in|cash and cash|equivalents|1,492|(4,944)|
|Cash and cash equivalents|at beginning|ofyear|804,731|609,675|
|Cash and cash equivalents|at end ofyear||808,223|604,731|
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|Donations||and legacies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
f|2021
f.|Funds
f|2020
f|
|Donations|||||||
|Donations|||817|817|13,582|13,582|
|Charitable||activities|||||
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2021|
|||||F|||
|Shop income||||149,221||149,221|
|Training|income|||636||636|
|Grants||||181,797|201,138|382,935|
|Contracts||and service level agreements||236,898||236,898|
|||||568,552|201,138|769,690|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
f|Funds
F|2020
f|
|Shop income||||362,920||362,920|
|Training|income|||(1,104)||(1,104)|
|Grants||||1,972|1,600|3,572|
|Contracts||and service level agreements||269,702||269,702|
|||||633,490|1,600|635,090|
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|nvestment
income|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
F|2021
f|Funds
F|2020
f|
|Deposit account interest|10|10|3|3|
|Other income|||||
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
f|2021
f|Funds
f|2020
F|
|Rental income|15,325|15,325|19,888|19,888|
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|Expenditure
on charitable
activities
by fund typ|e|||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||F|f|5|
|Charity shop, service level &training|149,859||149,859|
|Core activities|33,642|163,685|197,327|
|Second stage processing|39,609||39,609|
|Bulky household|70,497||70,497|
|Supportcosts|353,547||353,547|
||647,154|163,685|810,839|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||5|||
|Charity shop, service level &training|98,829||98,829|
|Core activities|144,066|3,875|147,941|
|Second stage processing|62,607||62,607|
|Bulky household|156,475||156,475|
|Zero waste schools||88,000|88,000|
|Support costs|226,990||226,990|
||688,967|91,875|780,842|
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|Expenditure
on charitable
activities
by a|ctivity type||||
|---|---|---|---|---|
||Activities||||
||undertaken||Total funds||
||directly
5|Support costs
F|2021|Total fund 2020
f|
|Charity shop, service level &training|149,859|142,394|292,253|198,829|
|Core activities|197,327|160,562|357,889|268,111|
|Second stage processing|39,609|17,430|57,039|62,607|
|Bulky household|70,497|26,513|97,010|156,475|
|Zero waste schools||||88,000|
|Governance
costs||6,648|6,648|6,820|
||457,292|353,547|810,839|780,842|
|Analysis of|support costs|||
|---|---|---|---|
|||Total 2021|Total 2020|
|Staff costs||236,351|116,389|
|Premises||83,588|52,809|
|General office||4,882|30,529|
|Finance costs||22,078|20,443|
|Governance|costs|6,648|6,820|
|||353,547|226,990|
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|12.|Net expenditure||||||
|---|---|---|---|---|---|---|
||Net expenditure
is stated|after charging/(crediting):|||||
||||||2021
f|2020
f|
||Depreciation
oftangible|fixed assets|||41,861|45,659|
|13.|Independent
examiner|fees|||||
||||||2021
f|2020
f|
||Fees payable to the independent||examiner|for:|||
||Independent
examination|ofthe financial statements|||6,648|6,820|
|14.|Staff costs||||||
||The total staff costs and|employee|benefits|for the reporting|period are analysed as follows:||
||||||2021
f|2020
f|
||Wages and salaries
Social security costs||||440,127
21,877|404,563
18,877|
||||||462,004|423,440|
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|Tangible fixed assets
Year ended 3|1 March 2021|||
|---|---|---|---|
||Land and|Other plant and||
||buildings
F|machinery
etc
F|Total
f|
|Cost||||
|At 1 April 2020 and 31 March 2021|1,533,912|238,704|1,772,616|
|Depreciation||||
|At 1 April 2020|151,470|169,476|320,946|
|Charge for the year|28,019|13,842|41,861|
|At 31 March 2021|179,489|183,318|362,807|
|Carrying
amount||||
|At 31 March 2021|1,354,423|55,386|1,409,809|
|At 31 March 2020|1,382,442|69,228|1,451,670|
||Included
within the carrying value oftangible fixed ass
finance leases or hire purchase
agreements:|ets are the following
amounts
relating toas|sets held under|
|---|---|---|---|
||||Other plant and|
||||machinery
etc
f|
||At 31March 2021||17,573|
||At 31 March 2020||23,430|
|18.|Stocks|||
|||2021
f|2020
f|
||Stock|7,476|9,081|
|19.|Debtors|||
|||2021
f|2020
f|
||Trade debtors|952|10,858|
||Other debtors|16,074|1,559|
|||17,026|12,417|
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|Creditors: am|ounts|fallin|g due within one year|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6||
|Loans and overdrafts||(secured)||15,311|14,858|
|Trade creditors||||15,900|10,021|
|Hire purchase|agreements||(secured)|8,722|8,024|
|Social security|and other||taxes|14,064|11,086|
|Other creditors||||9,173|7,623|
|||||83,170|51,612|
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|||||2021|2020|
|---|---|---|---|---|---|
||||||F|
|Loans and overdrafts||(secured)||311,147|326,491|
|Hire purchase|agreements||(secured)|12,821|21,403|
|||||323,968|347,894|
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||||||||At|
|---|---|---|---|---|---|---|---|
|||At|1|April 2020|Income|Expenditure|31 March 2021|
|||||6|F|6|8|
|General|funds|||137,800|584,704|(647,154)|75,350|
||||||||At|
|||At|1|April 2019|Income
f|Expenditure
F|31 March 2020
6|
|General|funds|||159,804|666,963|(688,967)|137,800|
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|Restricted funds|||||||
|---|---|---|---|---|---|---|
|||||||At|
|||At 1 April 2020|Income|Expenditure|31|March 2021|
|||F||F||6|
|CFAP - Merlins Bridge Building||155,427||||155,427|
|WG - 'Connect
North' Programme||118,248||||118,248|
|Pride||33,205||||33,205|
|Collaborative
- Merlins
Bridge Building||30,231||||30,231|
|Hywel Davies||2,501||||2,501|
|PCC grant new building||570,879||||570,879|
|PCC grant refurbish
existing|building|149,851||||149,851|
|Lloyds bank foundation|||||||
|Community
fridge grant (WCVA)||17,951|8,720|||26,671|
|Zero waste schools||462,000||||462,000|
|Western
Power Website Design|||||||
|Milford Haven Port Authority||300||||300|
|Bags ofCare|||81,932|(81,576)||356|
|WCVA- Penny the Polar Bear|||1,494|||1,494|
|WCVA- Green Shed Re-Use|Project||39,992|(24,034)||15,958|
|P. Dock Community
Fridge|||2,500|||2,500|
|Bags ofCare Plus- Green Shed|||52,065|(50,591)||1,474|
|WCVA- Bags ofCare Plus|||14,035|(7,484)||6,551|
|Neighbourly
(Aldi)|||400|||400|
|||1,540,593|201,138|(163,685)||1,578,046|
|||||||At|
|||At 1 April 2019
F|Income
f|Expenditure
6|31|March 2020
f|
|CFAP - Merlins
Bridge Building||155,427||||155,427|
|WG - 'Connect
North' Programme||118,248||||118,248|
|Pride||33,205||||33,205|
|Collaborative
- Merlins Bridge Building||30,231||||30,231|
|Hywel Davies||2,501||||2,501|
|PCC grant new building||570,879||||570,879|
|PCC grant refurbish
existing|building|149,851||||149,851|
|Lloyds bank foundation||1,875||(1,875)|||
|Community
fridge grant (WCVA)||18,651||(700)||17,951|
|Zero waste schools||550,000||(88,000)||462,000|
|Western
Power Website Design|||1,300|(1,300)|||
|Milford Haven Port Authority|||300|||300|
|Bags ofCare|||||||
|WCVA- Penny the Polar Bear|||||||
|WCVA- Green Shed Re-Use|Project||||||
|P. Dock Community
Fridge|||||||
|Bags ofCare Plus- Green Shed|||||||
|WCVA- Bags ofCare Plus|||||||
|Neighbourly
(Aldi)|||||||
|||1,630,868|1,600|(91,875)||1,540,593|
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|24.|Analysis ofnet asset|s between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds
F|Funds
F|2021
f|
||Tangible
fixed assets||293,763|1,116,046|1,409,809|
||Current assets||105,555|462,000|557,555|
||Creditors greater than|1 year|(323,968)||(323,988)|
||Net assets||75,350|1,578,046|1,853,398|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||F|E|F|
||Tangible fixed assets
Current assets||373,077
112,617|1,078,593
462,000|1,451,670
574,617|
||Creditors greater than|1 year|(347,894)||(347,894)|
||Net assets||137,800|1,540,593|1,678,393|
|25.|Analysis ofchanges|in net debt||||
||||At1 Apr 2020|Cash flows
f|At 31 Mar 2021|
||Cash at bank and
in hand||604,731|1,492|608,223|
||Debt due within one year
Debt due after one year||(22,882)
(347,894)|(1,151)
23,928|(24,033)
(323,988)|
||||233,955|24,269|258,224|