REGISTERED CHARITY NUfvIBER: 1092722 RECEIVED 2 9 NOV 2011 REPORTOFTHE ntU5fEES AND VNAUOITED FINANCIAL STATEMENTS Foft THE YEAR ENDED 31 MAR()12021 FOR RAYCEREDIGION HATFIELD & JOHN I NORTH ROAD ABERAERON CeredigKJn &146 OJD
RAYRED1s10N RECEIVFD 2 9 Nnv 2021 CONTEN15 OF THE ANANaALsfATEME14TS ForTheYe*r Erthd 31 MARCH 2021 IrKlependent Examlnerfs Rep)rt ststement of Finandal ktiwities Balan Sheet Notes tot Flnan¢b•l Statements 5 to 12 D¢t¥iled Statement ol fin(la1 PxtFdltSes 13 to 14
RAY CEREDIG1014 REPORT OFThE TRUSTEES ForThe Year Ended 31 MARCH 2021 RECEIVED 2 9 NOV Z021 The trustees present their report th the finarKki1 statements of the chartyfor year ended 31 Marth 2021. The triistees have adopted the provision5 of Accounting and Rew)rtinK by Charr(ies- Ststernent of Recornmendeil praCte applicable to charities preparing thesr accounts in accordance 4wth the Financial erting Standard applicab in the UK and Republic of Irejanil IFRS 1021 leffe¢tive l January 20191. FINANCIAL REview Reserves policv 8ased on a realistlc assessment of the feseThes needed trustee5 consider that the appropriate level of free reserves is 25% of nnual expenditure. This is based on the following considerath?ns:_ al the reliance ol the charity on non-continuous funding bl to provide for any shortfall in fuThds generated to cover the costsof runni xheme ¢1 the notice period for the premises lease 1$ 3 nK)nths cl to protect agalnst unforeseen events The trustees conslder that at presenta continEenry reserve of £48.(iN) requi. Thè current level ol unrestrirted non designated reserves £48.383. In addf(ion the trustee5 have designated a further E17,4CQ as a redundary fvnd including a fvrther amount of £8.¢XXI added this year. STRUCWRE, GOVERNAJ4CE AND MANAGEMENT Governing doDJrnent The charity is controlled by itsgoverning d¢Ment. a deed of trust and constitutes an nIrrp013ted charitv. The charity provides activitie5 that improve the heatth and well1n8 of Ch*ldren. Young People, Families. those disabilitie5 and Older peop, with a focus on those thataie rn05t Vulnerab and Oi5athantsged in the county of Ceredigion. REFERENCE AND ADM1141STRAThIE DEfAIiS Registered Charity number 1092722 Principal address Pengloyn Tabernacle Street Aberaeron Ceredigion SA46 OBN Trustees EJAMES M ALLMAN J BAMBER J HUTCHINS A D VINCE S NICHOL5 J WILLIAMS Independent Examiner HATFIELD & JOHN I NORTH ROAD ABERAERON Ceredigion SA46 OJD Approved byorder of the board ol trustees on........... . and SiBned on its behaK bv: Trustee Page I
INDEPENDENfEXAMINERS REPORTTO THE TRUSTEES OF RAV CEREDIGIQN RECEIVEO Z 9 wp,¥ zuzi Independent examlnerfs r•wt to the trYeeS of RAY Ceredl8h I report to the charty trustees on my examination of the accounts of RAY CerÈdl8Th lthe Trust) for the yearended 31 March 2021. Ilt5p)nslbllities and basss of report As the charity trustees of the Trust you a resyK1e for the ppalatIon of the accounts In accoTdance wrth the requi¥ements of the Charities Act 20111.the Act'l. I report in respett of rny exarninatron of the Trust'5 accounts carried out under settion 145 of the Act and in carrying out mv examination I have folh)wed all applicable Directions gNen by the Charity Commission uniler SeCtn 14515llbl of the Art. Independent examlner's Memert Since your charity's gross income exceeded £250.(KK) your examiner must a member of 8 1¢5ted body. I can confirm thai i am qualif]ed to undertake the examination because l am a fegisteTed member of Institute of Charted Accountants in EnEtand & Wales which Is one of the listed bodie5. I have cornpleted my e¥aminatton. I confirrn that material matter5 ha14e come to my attention in connectlon with the examination giving me causeto believe that in arw material respect= accounting records were not kept in pect of the Truttas required bysecih)n 130 of the ACL. or the accounts th) not accord with those Tecords.. or the accounts do not cornply wr(h the applicable requirents ¢oncemin8 the form and content of account5 Set out in the Charities (Accounts and fteportsl Regulations 2LM)8 other than any fequirernent that accounts gNe a true and fair view which is not a matter considered as part of an independent eYaMinatTh. I have no Coiicerns and have come acr055 no other matteTS in connection w<h the examination to which attention should be drawn in thls report in order to enab a proper understsndingof the accounts to be reacw. DALE A HATFIELD Instltute of Chartered Accountants In Engtsnd & Wa5 HATFIELD &JOHN I NORTH ROAD ABERAERON Ceredigion SA46 OJO Page 2
RAYCEREDIGIIY4 RECEIVFn 2 9 wnv 7021 srATEMENTOF FINANCIAL ACTrvmES ForThe Year Ended 31 MARCH 2021 31.3.21 Total funds 31.3.20 Totsi fvnds UnrestricteLI funds Restricted nds INCOME AND E14DIJ¥MENT5 FROM Donations and leÉacies 64,612 188.889 Othertrading actNitles Investment Income Other irKome 12,119 15.575 27,694 2.S64 38.328 iO,CM)4 rotal 79295 320361 399.6 243.829 EXPENDITURE ON Charitable artivities gJpport for the rn0stvulnerab and disadvantaged persons in Cereoigion Intergenerational support actwities 71171 166.950 239.121 8.8>1 253,996 Total n.171 175.780 247.951 253.996 NEf INCOMEIIEXPENDITUREI 7.124 144WI 1,705 110,1671 RECONaLIATION OF FUNDS Totsl funds Qu8htfoThwaVd 43.503 63.547 73,714 TOTAL FUNDS CARRieD FORWARD SOM7 215252 63.547 The r*xes fom) part of these finarKial statements Page 3
RAYCEREDIGION BALANCE SME 31 MARCH Z021 RECEIVED 7 9 NOV 2021 31.3.21 Total funds 31.3.20 Total fund5 Un$icted Restrthd fvnd5 frjnds FIXED ASSETS Tangible 8ssetS CURRENT AsseTS Debtors Cash at bank and in hand 10.327 60.124 68.183 152101 220,984 70.451 CREDITORS Amounts falling due within one yèar 12AQO} 13J321 15.7321 17,9481 NETCURRENT ASSETS 65.783 149A69 215252 62.503 TOTAL ASSEfs LESS CURREpif UABILMES 149469 215252 63.S47 65.783 149A69 215252 63.547 FUNDS Unrestricted funds Restricted funds io 65.783 149A69 43.503 20,044 TOTAL FUND5 ZIS.252 63.547 The financial statements were apwoved by the Board of Tru5tee5 and atrised for issue on ......... were signed on its behaw by= and Trustee The notesfom) part ofthese financlal strtements Page 4
RAYCEREDIGION RECEIVFD 2 9 NOV 2021 140TESTO THE FINANQAL STATEMENTS ForTheYear Ended 31 MARCH 2021 ACCOUNTING POUCIES Basls of prepanng the finandal statements The financial statÈrnent5 of the charity, whh 15 a public befft entity ur&r FRS 102. have prepad in accordance with the Charitie5 SORP IFRS 1021'Accountin8 ènd Rew)rbng by Charlties= Statement of RecoFnrnended Practlce appll£able to charttie5 preparing their accounts in accordance with the Financial Rewrting Standard applicablÈ in the UK and Republic of Iland IFRS 1021 leffectwe l January 20191,, Financial ReFx)rting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic ol Ireknd. and the Charits P<t 2011. The financial ststernents have been prepared under the historl(al cost convention. Income All iiicome is re£ognised in the Statement ol Financial Aclivitie5 once the charity has entitlement to the lunds, it is probab thèt the incomÈ will be Tecewed and the amount can be measuied reIrab- Expendlture Liabilities ère recognfjsed as exknditure as 500n a5 there 15 a legal or construttfve obloation wmmittin8 the charity to that eKpendrture, f( is probable that a traTh5fer of econornK beneffts wtll be Quid in settlernent and the amount of the obligation can be measured reliabty. EXndr(Ure is accounted lor on an accruals basi5 and has been classrfied under headings that aggregate all cost related to the iateEOry. Where costs can[t be directly attributed to particular headlngs they have been allocated to attltSon a ba515 con5i5tent vrith the use of resources. Tanglblefixed assets Depreciation is provided atthe folbwin8 annual rates in ordertowrite off each asset over Tts estimated useful life. Fixture5 and ffttir Motorvehicles Computer equipment 33% on cost 25% on cost 33% cost Taxotion The charity is exempt from tsxon its charitabk actwities. Fund accountin8 Unrestricted fijnds can be used in accordance wth the charitabte objectfyes at the discretion of the trustees. Restricted funds can onty be usetl lor parbcutsl restrted purposes within the objects o( the charity. Restrictions arise when specified bythe donor or when funds are raised for partKular re5trthd purpose5_ Further expknation of the nature and purp)se of each fund iluded in the Dotestothe financial statements. Hlre purchase and leasSng commitrnents Rentals paid under operating leases are charged to the StatewEnt of Financval ActNibes on a stralght line basis over the period ol the lease. Penslon costs and her post.retlrernent beneffts The charity operates a defined contributitsn pÈnsion scheme. Contfibjtvjns payawe to the charity's pÈnsion scheme are charged to the Statement of Financial ActNities in the Per# to whKh they relate. OTHER TRADING AcnvmES 31.3.21 31.3.20 Training CouT5es Enterprise income 12M7 15.607 14,277 24,051 27.694 38,328 Page S ¢ontinued...
RAYCEREDIGION RECEIVED 2 9 NOV 2021 NOTES TO THE FINANCIALSTATEMENT5- cortiM¢d For The Year Ended 31 MARQI 2021 INVESTMENT IPKOME 31.321 31.3.20 Rents receNed tleposit accoum Snterest Z.559 6.589 19 2.564 6,608 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. MneratIon or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. Trustees, expenses There were no trStees. expenses paid frjrthe yearended 31 March 2021 norforthe yearended 31 March 2020. STAfF COSt5 The average moThthly numberof emplo$ the yearwasasfollows: 31.3.21 17 31.3.20 Charttats AttNittes Support and management No ernployee5 receNed emolvrnents in excess of £60.1*. COMPARAnVES FOR THE ATEmEplf OF FIt4ANCIAL ACIIVrnES Unrestricted funds Restricted lunds Total funds INCVME AND ENDOWMENTS FROM Donations and legacie5 46.692 142.197 188.889 Other tradinB attr(S Inve5tfflent income Other income 37.915 413 38,323 6,608 10,004 10,&)4 Total 101.219 142,610 243.829 EXPENOITURE 014 Charitawe aui¥ltles Support lorthe most vulnerable and disadvantaged persons in CefedigK)n 117.381 136.615 253,996 NET INCOMElleXPENDITUPEI 116,1621 5.995 110,1671 Transfer5 betw¢¢n funds 12.6941 2,694 Net mo¥ement In fur 118,8561 8.689 110,1671 RECONCILIATION OF FUNDS TotalfUr$ brou8htlorward 62.360 11,354 73.714 TOTAL FUNDS CARAIED FORWARD 43.504 20.043 63,547 Page 6 continued...
RAY CEREDIfjION RECEIVED 2 g NOV 2021 t40TES TO THE FINA14CIAL STATEMENTS. ¢Lned For The Year Ended 31 MARCH 2021 TANGI8LE FIXED ASSETS Fixtures and Motor vehicles CompLSter equipment Totsls At l April 2020and 31 March 2021 6A97 18.726 7J20 3243 DEPRECIATION At l April 2020 Charge lor year SA$3 18.726 31,799 At 31 March 2021 6A97 18,726 7220 3Z¥3 NET 8OOK VALUE At 31 March 2021 At 31 March 2020 DEBTORS: AMOUNTS F1N6 DUEWITHIN ONE YEAR 31.3.21 31.3.20 Debtors 10,327 CREDITORS: AMOUPITS FALUNG OUE WITHIP4 ONE YEAR 31.3.21 31.3.20 Othercreditors Page 7 continued...
RAY AÉGK RECEIVED 2 9 NOV 2021 NOTES TO THE RNANCIAL sTATEMEPs. ¢ontinued ForThe Year Ended 31 MARCH X121 P4lOV£MEPIT IN FUNDS Net movement In fvnd5 Transfer5 between funds At 31.3.21 At 1.4.20 Unrestrirtedfunds General Fund Designated redundancy fund 34.103 18,0001 48.383 17NOO 4303 22280 65.783 Restrirted fvnds 8ig Lottery Fund Ceredigion A550ciation of Voluntary Organi5ation5 CCC Give U5 Support BBC Children in Need For&et Me Knot Club CCC Families First Play se5sn$ Ceredigion County Council Dyma Ni Holiday Hunger Cooklng Club Ray Social Club West Wa5 is Kind The Mix)ndance Foundation Child Development Furtd Hefitage Lottery Fund Places Foi Nature Waterbo Foundation AWA Oyma Ni 54.768 54.768 21 6.697 s81 25,682 4,377 9,211 3N28 14371 1026 18.985 291 9,157 15661 14371 L826 1.188 246 4.970 191 4,970 17.6 12.500 17,600 12,500 7,483 20JM4 129A25 149,469 TOTAL FUNDS 63J47 1.705 215,252 Page 8 continued..
RAYCEREDIGION RECEIVED 2 9 NOV ZOZI NOTES TO THE FINA14clsATEMENTS. comlrn*d For The Year Ended 31 MARCH 2021 MOVEMENT It4 FUNDS- Continued Net movement in funds. in¢lutkd in the atthe are asfolkn¥s: EOrning resouTce5 Resources expended Movernent in funds Unp.stricttd fund5 General Fund 79295 15711151 22280 Restri¢ied fund5 Big Lottery Fund Ceredigion County Ctyjncil Staff Provssion 1.060 186,2921 54,768 974 19741 (eedl0 Associatlon ol Voluntsry Organisations CCC Give Us Support 8BC Childien in Need Welsh A$5embty Govemment Cornmunity Facilities Program Forget Me Knot Club CCC Families First Play Sessions Cerp.digion County Council Oyrna Ni West Wales is Kind The Moondance Foundation Child Development Fund Heritage Lottery Fund Places For Nature Waterloo Foundatton AWA Dyma N 47396 128AIII 18,985 25,0 125,0001 14,2951 110,3121 18.0881 118A701 14.5901 (Z.{Kl 291 9,157 15661 19A69 18,716 4,970 17,6ts) 17,6(WJ 12,500 9.978 12.4951 320361 1190,9361 IZ9N25 TOTAL FUNDS 399,656 1247.951) 151.705 Pa8e 9 continued...
PAYCEREDIGION RECEIVED 2 9 hLiV 2021 NOTESTO THE ANANaAL %fATEMEIITS- Contlled ForThVear Ended 31 MARCH 1021 io. MOVEMENTIN FUNDS- con¢lrnd Comparotive5 lor m¢y4ement infurKIs Net )vernent in fund5 Transfers tretween funds At 31.3.20 At 1.4.19 Unre51rictedfunds General Fund Designated redundancy fund 52.960 116.1631 12.6941 34,103 61360 116.1631 12.6941 43.503 Restrltted funds CCC Give Us Support Uoyd5 Bank Foundation Garfield Weston BBC Children in Need Forget Me Knot Club Aber In5trurnents Cerediglon Chair Gra CCC FaTnilies First Play Sessions Ceredigion County Council rna Ni Clothworkers FDundatlon Holiday Hunger Cooking Club Ray Social Club West Wales is Kind 2.882 13.0661 15,OLM)I 4.301 3,438 11741 12741 258 2,882 1396 6.697 174 274 12041 3.994 12,6941 14371 1.826 1.188 12461 2.694 14371 1,826 1,188 12461 11,354 5,996 2.694 20,044 TOTAL FUNDS 73.714 110.1671 63,547 Comparattve net movement in fvnds, included in the are as follows.. Incoming fesource5 Resources expended Movement In fvnds U#restrl¢ted fvnd$ Gener31 Fund 101,219 1117.3821 116.1631 Restrktedfunds CCC Gwe Us Support Uoyds 8ank Foundation Garfield Weston B8C Children in Need Forget hAe Knot Club Aber Instrurnents Ceredigion Chair Grant CCC Famil$ First Play Se55K*ns Ceredigion County Countil Lhm)a Ni Clothworkers Foundation Holiday Hun8eT Cooking Club Film Club Ray Social aub West Wale5 is Kind 11181 13.0661 15.OWI 139.1491 14.4701 11741 12741 119,2081 133,2431 113,1941 14,9981 19.5921 11.0001 12,882 12461 2,882 13,0661 43.450 4,301 3,438 11741 12741 258 3,994 12.6941 14371 1.826 19.466 37.237 10,5 4,561 11,418 4.070 1,188 12461 142.610 1136.6141 5.996 TOTAL FUNOS 243.829 1253.9961 110,1671 Page 10 continued...
RAYCERÉDIG1014 NOTES TO THE FINANCIAL STATEMENTS- contlnued ForThe Year Ended 31 MARCH Z021 RECEIVED 2 9 NOV 2021 io. MOVEMENT IN FUNDS- ujntinued A currentyear 12 months and prior year 12 nKJnths combined as1O1$.. Net movement In funds Transfers between fund5 At 31.3.21 At 1.4.19 unIr1ded funds General Fund Des¥nated redundancy fvnd 52.960 6.117 110.6941 48,383 17,4 62.3 6.117 12,6941 65.783 Restricted funds Big Lottery Fund Ceredigion As%Ki#tion of Voluntrry Organisations CCC GNe Us Support Uoy65 Bank Foundation Garlield Weston BBC Children in Need Forget Me Knot Club Abel" Instruments Cerediglon Chair Grant CCC Families First Play Sessions Ceredigion County Council Dyma Ni Clothworkers FouTrdation Holiday Hunger Cooking Club Ray Social Club The Moondance Foundation Child Development Fund Heritage Lottery Fund Place5 For Nature Waterloo Foundation AWA rna Ni 54.768 54.768 1,000 5,882 I3.c6> 15,IXN)I 23.286 3.729 11741 12741 9,415 3.428 12.6941 14371 1.826 1.188 4.970 191 17.6CIJ 12.5(M) 7.483 2.396 25,682 4,377 174 274 I2} 9.211 3.428 2.694 14371 1,826 1,188 4.970 17.6 12.SOO 7.483 11.354 135.421 2.694 149,469 TOIAL FUNDS 73.714 141.538 21S.252 Pa8e 11 continued..-
RAYCEREOIGION RECEIVED 2 9 NOV 2021 DETAILED STATEMENT OF FINANQALAcllvrnES ForThe Year Ended 31 MARCH 2021 31.3.21 31.3.20 INCOME AND ENDOWMENIS Donatlons and legacies DonatlOll5 Capital Grants and (lonath?ns Grants Man3gernent fee5 io 1.412 10.500 171.980 4,997 369398 188,889 Othertradlng acthStSes Tr3inin8 Cour5e5 Enterprise income 12.087 15,607 14.277 24.051 27.694 38,328 Irwestment Income Rent5 received Deposit acc£unt interest 2.559 6,589 19 other Irwme Gain on sale of tanglble fixed assets 10.004 Total incoming resour$ 399,656 243,829 EXPENDITURE Charitable ¥¢tivilies Wages Pension contribution5 Grant funded capital projetts Rent & utilit:'es Subsistence & Travel costs Consuttancy Stationery post & telephone Charitable artivitie5 Covid costs Machinery hire Community Artist 134201 8.613 7,106 52,107 5.166 127.148 8.521 13,468 15,722 5.992 17.922 8.595 30,27) 11,303 3J26 1.203 231,930 228,846 Support costs Management Insurance & maintenance Training Advertising Managementlee5 4,724 7.725 7,862 9.564 1,541 3,380 IZ.545 22,347 Flnan Bank charge5 Carried forward Jz 11181 Thls page does not fomi part ofthe 51atuWry ftTharKkal ststements Page 13
RAYCEAEDIGION RECEIVED 2 9 NCV 2021 DETAILED sfATEMEpif OF FINANaAL ACTMnES ForThe VÈ*r Ended 31 MARCH 2021 31.3.21 31.3.20 Flnance rought forward Ftxture5 and litting5 32 11181 521 IA176 403 Governance costs Accountsncy and legal fees 2,400 Totsl re50urce5 exFended 247.951 253,996 Net Incomellexpendlturel 151.705 110,1671 This page does notforrn part ofthe statutory finarKial statements Page 14