|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|7|
|Statement ofFinancial Activities||||
|Balance Sheet|9|to|10|
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||12||
|Notes to the Financial Statements|13|to|19|
|Detailed Statement ofFinancial Activities||20||
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||||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|f.|8||8|
|INCOME|AND ENDOWMENTS FROM||||||||
|Charitable|activities||||||||
|Building preservation|||||||||
|||||||1,728,070|1,728,070|284,899|
|Other income|||||7,338||7,338|5,983|
|Total|||||7,338|1,728,070|1,735,408|290,882|
|EXPENDITURE ON|||||||||
|Charitable|aciivities||||||||
|Building preservation|||||||||
||||||7,501||7,501|5,374|
|Other||||||11,196|11,196|7,253|
|Total|||||7,501|11,196|18,697|12,627|
|NKT INCOME/(EXPENDITURE)|||||(163)|1,716,874|1,716,711|278,255|
|RECONCILIATION|||OF FUNDS||||||
|Total funds|brought|forward|||6,341|1,500,720|1,507,061|1,228,806|
|TOTAL FUNDS CARRIED FORWARD|||||6,178|3,217,594|3,223,772|1,507,061|
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||||||Cash Flow Statement|||
|---|---|---|---|---|---|---|---|
|||||for the|Year Ended 31March|2023||
|||||||31.3.23|31.3.22|
|||||Notes||||
|Cash flows from operating||activities||||||
|Cash generated
from operations||||||2,019,239|176,243|
|Interest paid||||||(11,196)|(7,093)|
|Net cash provided
by operating
activities||||||2,008,043|169,150|
|Cash flows from investing||activities||||||
|Purchase oftangible fixed|assets|||||(1,737,308)|(336,912)|
|Net cash used in investing|activities|||||(1,737,308)|(336,912)|
|Cash flows from financing||activities||||||
|New loans in year|||||||80,000|
|Loan repayments
in year||||||(200,000)||
|Net cash (used in)/provided||by flnancing||activities||(200,000)|80,000|
|Change in cash and cash|equivalents||in|||||
|the reporting
period||||||70,735|(87,762)|
|Cash and cash equivalents||at the||||||
|beginning
ofthe reporting||period||||1,238|89,000|
|Cash and cash equivalents||at the end|of|||||
|the reporting
period||||||71,973|1,238|
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||||Notes to the Cash Flow Statement
for the Year Ended 31March 2023|Notes to the Cash Flow Statement
for the Year Ended 31March 2023|||
|---|---|---|---|---|---|---|
|RECONCILIATION|||OF NET INCOME TONET CASH FLOW FROM||OPERATING ACTIVITIES||
||||||31.3.23|31.3.22|
|Net income|for the|reporting||period (asper the Statement ofFinancial|||
|Activities)|||||1,716,711|278,255|
|Adjustments|for:||||||
|Depreciation|charges|||||226|
|interest paid|||||11,196|7,093|
|Increase in debtors|||||(48,890)|(233,074)|
|Increase in creditors|||||340,222|123,743|
|Net cash provided||by|operations||2,019,239|176,243|
|ANALYSIS|OF CHANGES|||IN NET (DEBT)/FI/NDS|||
|||||At 1.4.22|Cash flow|At31.3.23|
|||||||g|
|Net cash|||||||
|Cash at bank||||1,238|70,735|71,973|
|||||1,238|70,735|71,973|
|Debt|||||||
|Debts falling|due afler||1 year|(200,000)|200,000||
|||||(200,000)|200,000||
|Total||||(198,762)|270,735|71,973|
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||for the Year Ended 31|for the Year Ended 31|for the Year Ended 31|for the Year Ended 31|March 2023|||
|---|---|---|---|---|---|---|---|
||INCOME FROM CHARITABLE ACTIVITIES|||||||
|||||||31.3.23|31.3.22|
|||||Activity|||f,|
|||||Building preservation||||
||Ceredigion CCtowards MH|||||||
||Project|||||197,022|198,462|
|||||Building preservation||||
||Rural Development||Grant|||89,301|8,119|
|||||Building preservation||||
||Transforming|Towns Grant||||||
||(place-making)|||||170,956|78,318|
|||||Building preservation||||
||Transforming|Towns Grant||||||
||(strategic)|||||118,199||
|||||Building preservation||||
||Coastal Conununities||Grant|||102,523||
|||||Building preservation||||
||Cadw Grant|||||||
|||||||40,000||
|||||Building preservation||||
||Building ForFuture||Grant|||1,010,069||
|||||||1,728,070|284,899|
|3.|CHARITABLE ACTIVITIES|||COSTS||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 4)|Totals|
||Building preservation|||||||
||||||6,338|1,163|7,501|
|4.|SUPPORT COSTS|||||||
|||||||Governance||
||||||Management
f|costs|Totals|
||Building preservation|||||||
||||||163|1,000|1,163|
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|COMPARATIVES|FORTHE STATEMENT OF FINANCIAL ACTIVITIES|FORTHE STATEMENT OF FINANCIAL ACTIVITIES|FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
|INCOME AND ENDOWMENTS FROM||||||
|Charitable
activities||||||
|Building preservation||||||
|||||284,899|284,899|
|Other income|||5,983||5,983|
|Total|||5,983|284,899|290,882|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Building preservation||||||
||||5,374||5,374|
|Other||||7,253|7,253|
|Total|||5,374|7,253|12,627|
|NET INCOME|||609|277,646|278,255|
|RECONCILIATION||OFFUNDS||||
|Total funds brought|forward||5,732|1,223,074|1,228,806|
|TOTAL FUNDS CARRIED FORWARD|||6,341|1,500,720|1,507,061|
##
||for the Ye|ar Ended 31March 2|023||||
|---|---|---|---|---|---|---|
|8.|TANGIBLE FIXEDASSETS||||||
||||Fixtures||||
|||Freehold||and|Computer||
|||property|fittings||equipment|Totals|
|||||||8|
||COST||||||
||At 1 April 2022|1,561,046|28,015|||1,589,707|
||Additions|1,737,308||||1,737,308|
||At 31March 2023|3,298,354|28,015||646|3,327,015|
||DEPRECIATION||||||
||At 1 April 2022 and 31March 2023||28,015|||28,661|
||NET BOOK VALUE||||||
||At 31March 2023|3,298,354||||3,298,354|
||At 31March 2022|1,561,046||||1,561,046|
|9.|DEBTORS; AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.3.23|31.3.22|
||Other debtors||||323,658|274,768|
|10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.3.23|31.3.22|
|||||||8|
||Other creditors||||469,213|129,666|
||Accrued expenses||||1,000|325|
||||||470,213|129,991|
|11.|CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN|||ONE|YEAR||
||||||31.3.23|31.3.22|
|||||||200,000|
|12.|LOANS||||||
||An analysis ofthe maturity ofloans is given below:||||||
||||||31.3.23|31.3.22|
||Amounts Slling due in more than five years:||||||
||Repayable by instalments:||||||
||Bank loans more 5 yr by instal|||||200,000|
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|MOVEMEN|T IN FUNDS||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.4.22|in funds|31.3.23|
|Unrestricted|funds||||||
|General fund||||6,341|(163)|6,178|
|Restricted funds|||||||
|Restricted||||1,500,720|1,716,874|3,217,594|
|TOTAL FUNDS||||1,507,061|1,716,711|3,223,772|
|Net movement|in funds, included||in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||||8|
|Unrestricted|funds||||||
|General fund||||7,338|(7,501)|(163)|
|Restricted funds|||||||
|Restricted||||1,728,070|(11,196)|1,716,874|
|TOTALFUNDS||||1,735,408|(18,697)|1,716,711|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.4.21|in funds|31.3.22|
|Unrestricted|funds||||||
|General fund||||5,732|609|6,341|
|Restricted funds|||||||
|Restricted||||1,223,074|277,646|1,500,720|
|TOTALFUNDS||||1,228,806|278,255|1,507,061|
##
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||5,983|(5,374)|609|
|Restricted funds|||||
|Restricted||284,899|(7,253)|277,646|
|TOTALFUNDS||290,882|(12,627)|278,255|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.21|in funds|31.3.23|
|Unrestricted|funds||||
|General fund||5,732|446|6,178|
|Restricted funds|||||
|Restricted||1,223,074|1,994,520|3,217,594|
|TOTAL FUNDS||1,228,806|1,994,966|3,223,772|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds
f|
|Unrestricted|funds||||
|General fund||13,321|(12,875)|446|
|Restricted funds|||||
|Restricted||2,012,969|(18,449)|1,994,520|
|TOTAL FUNDS||2,026,290|(31,324)|1,994,966|
##
##
|||for tbe Year Ended 31|March 2023||
|---|---|---|---|---|
||||31.3.23|31.3.22|
|INCOME AND ENDOWMENTS|||||
|Charitable
activities|||||
|Ceredigion
CC towards MH Project|||197,022|198,462|
|Rural Development|Grant||89,301|8,119|
|Transforming
Towns||Grant (place-tnaking)|170,956|78,318|
|Transforming
Towns||Grant (strategic)|118,199||
|Coastal Communities||Grant|102,523||
|Cadw Grant|||40,000||
|Building For Future|Grant||1,010,069||
||||1,728,070|284,899|
|Other income|||||
|Rent|||7,325|5,970|
|Miscellaneous
income|||13|13|
||||7,338|5,983|
|Total incoming resources|||1,735,408|290,882|
|EXPENDITURE|||||
|Charitable
activities|||||
|Sundries|||13|13|
|Rents payable|||6,325|4,970|
|Fixtures and fittings||||66|
||||6,338|5,049|
|Other|||||
|Computer
equipment||||160|
|Bank loan interest|||11,196|7,093|
||||11,196|7,253|
|Support costs|||||
|Management|||||
|Sundries|||163||
|Governance
costs|||||
|Accountancy
fees|||1,000|325|
|Total resources expended|||18,697|12,627|
|Net income|||1,716,711|278,255|