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 RAY￿RED1s10N 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 fi￿n(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 praCt￿e applicable to charities preparing thesr accounts in accordance 4wth the Financial ￿e￿rting 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 ￿nIr￿rp013ted charitv. The charity provides activitie5 that improve the heatth and well￿1n8 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 trY￿eeS of RAY Ceredl8h I report to the charty trustees on my examination of the accounts of RAY CerÈdl8￿Th lthe Trust) for the yearended 31 March 2021. Ilt5p)nslbllities and basss of report As the charity trustees of the Trust you a￿ resyK*￿1￿e for the p￿palatIon 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 SeCt￿n 14515llbl of the Art. Independent examlner's M*emert 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 Charte￿d 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 require￿￿nts ¢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 eYaMinat￿Th. I have no Coiicerns and have come acr055 no other matteTS in connection w￿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 a￿t￿rised 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, wh￿h 15 a public be￿fft entity ur&r FRS 102. have prepa￿d 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 I￿land 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 Charit*s P 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