# The 3G's Development Trust (A company limited by guarantee) 

# Annual Report and Financial Statements 

for the year ended 31-March-2021 | 

Company Registered No 3831737 Charity Registered No 1100265 

: | | | . | | 

! | ! | | | 

| 



, 

| ! | | 3 | | ! | 

## The 3G's Development Trust 

Annual Report and Financial Statements for the year ended 31-March-2021 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|CONTENTS|
|Page|
|Administrative|and Legal|Information|2|
|Report|of the|Trustees|3|
|Report of the|Independent|Examiner|7|
|Statement of Financial|Activities|8|
|Balance|Sheet|9|
|Cash|Flow Statement|10|
|Notes|to|the|Cash|Flow|Statement|11|
|‘Notes|to the|Financial Statements|12|

**----- End of picture text -----**<br>


| | 

1 



| | | 

# The 3G's Development Trust 

Administrative and legal information for the year ended 31-March-2021 

## DIRECTORS 

Are the Trustees as set out on page 3 

CHAIRPERSON Chris Davies 

PRINCIPAL OFFICE The Clinic Chestnut Way Gurnos Merthyr Tydfil CF47 9SB 

| | | | | | 

## REGISTRATION NUMBER 

Company Registered No 3831737 Charity Registered No 1100265 INDEPENDENT EXAMINER Baker Richard Knoyle ACA Knoyle Accountancy Limited Orbit Business Centre Rhydycar Merthyr Tydfil CF47 1DL BANKERS HSBC 127 - 128 High Street Merthyr Tydfil CF47 8DN 

| | : : | | 3 | | | | 

2 



| 

|! | | 

. . : . | 

## The 3G’s Development Trust (Company Registered Number 3831 737) 

## Trustees Report 

The Trustees who are also Directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31% March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

The report of the trustees includes the Directors’ Report as required by company law. 

## Organisational Structure, Governance and Management 

The 3Gs Development Trust Limited is a Registered Charity (1 100265) and Company Limited by Guarantee (3831737). 

## Directors and Trustees 

The Directors of the Charitable Company (‘the charity”) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The Trustees who served during the year are as follows: Chris Davies — Acting Chair / Association Director (Elected 12" May 2021} LeeRita DaviesSmith —~ AssociationActing TreasurerDirector/ Special Director (Elected 12" May 2021) Suzanne Foley — Community Director 

Donna Wallage — (Resigned on 1° April 2021) Aeronwen Sneddon — (Resigned on 1* April 2021) James Sneddon — (Resigned on 1* April 2021) Pauline Cooksey — (Resigned on the 1° May 2021) 

The Board of Directors consists of a maximum of 7 Community Directors and 2 Special Directors. 

The Directors all retire at the AGM and are re-elected/elected in accordance with nominations received prior to the date of the AGM. In the case of Community Directors if more than 7 nominations are received the appointment is decided by ballot. 

New Directors are encouraged to come forward throughout the year but the official appointment takes place during the Annual General Meeting when all Directors who have served the year resign and are able to seek re-election if they wish. 

New Directors appointed at the AGM receive an induction with the company secretary and chalr and training is provided for new Directors as required. The Board of Directors review all plans and forecasts, during this process risks related to the project are identified and the appropriate actions built into the plans. 

| 

| 

The systems of the Company are reviewed regularly to ensure that appropriate controls are in place to safeguard its assets and to facilitate its effective management. 

3 



| ! 

The charity Is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## Organisational Alms, Objectives and Activities. 

The 3Gs strategic aim is to enable people in the area to live a better quality of life and make the area a happy, safe environment where people work together and are proud to belong to their community. 

Operation objectives and activities focuses on three main priorities: 

- 1) Working with our schools and agencies concerned with the education and well-being of our children to ensure that the children of today do not grow up to be the socially excluded of tomorrow. 

- 2) Working with the adults of today to develop their capacity to become the informed, self-reliant, self-assured, enterprising, active and co-responsible citizens that they now need to become if they are to escape social exclusion. 

- 3) Working with agencies that provide programmes and services to residents to ensure that they develop an understanding and capacity to meet the underlying needs of residents as well as being pro-active in equipping residents to become informed and assertive customers. 

We actively recruit and train volunteers to develop their skills to empower others and to feel confident themselves to establish new projects to benefit their community. 

## Public Benefit 

The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and that they comply with S17 Charities Act 2011 in respect of having due regard to public benefit when considering, planning and implementing the activities of the charity. As Trustees, we believe that the aims of our organisation are charitable and for the public benefit. Furthermore, in our view, no detriment or harm arises from our charity carrying out its work and we are not aware of any widespread views among others that such detriment or harm might arise. 3Gs Development Trust Limited ts a community owned organisation set up to enable community members to have a say in what goes on in their area. We continue to provide a varied programme of do. support in all the above communities to ensure that public benefit Is at the forefront of everything we Details of the work we have undertaken during the year ended 31% March 2021 to achieve and fulfil the aims of the charity are detailed below in the Achievements and Performance section. 

! ! | | ! | | : . ; | | 

. 

## Achievements and Performance 

Summary of the key achievements during the year. These include; 

- e Improvements in the health and well-being of the community ¢ Improvements in the financial well-being of the community * Improvements in community-learning and personal development 

4 



| | | | : | | 

## Financial Review 

The Trustees have identified that the charity needs to accumulate free reserves equivalent to one month's operating expenditure. This amount is necessary to ensure the uninterrupted delivery of service by the charity and maintenance of efficient systems of administration and management. At the current level of activity this equates to a required balance of free reserves of £3,102. The current level of free reserves is £NIl. (See note 8). Income for the year is £131,361 (2020: £300,480). The reduction is due to the majority of capital funding being in 2020 and not repeated in 2021. 

## Restricted Funds Is currently £523,894. Of this £438,569 relates to asset funds. 

The policy of the company is to generate income relating to the delivery of its charitable objectives which will allow it to accumulate free reserves until the target level has been achieved. The trustees are confident that through careful budget monitoring and planning and use of the clinics contributing to our income generation strategy that the level of free reserves will increase year on year. 

The Trustees are committed to strengthening its governance and to recruiting an additional number of directors with the skills and values that will contribute to taking the organisation forward. We intend engaging in board development sessions with Development Trust Association, VAMT and Weish Co-operative Centre towards embedding the Asset Based Community Development (ABCD) model of service delivery into our approach to engaging, supporting and empowering the communities who we are proud to work with serve and support 

## Plans for future 

The organisation and our prime asset the Clinic building has benefited from WG 21% Century Schools Capital Investment Programme to the tune of £248,000 capital funding which completed the clinic redevelopment works has been successful. This is significant as the remaining works, included completion of the rental spaces on the 1° floor and the recording studio. In the clinic Business Plan, rental of these spaces was among our main income streams. The opportunities now presented through the redevelopment and re-purposing of the ‘Old Gurnos Clinic’ — now called the ‘Creative Industries’ Training Centre which will provide Arts, Culture and Media Programmes to the local community and agencies including training facilities ‘Creative Industries’ is recognised as the ‘fastest growing economic sector in Wales’ (Welsh Government Stats). 

This is a very financially positive development and will assist the charity in becoming a mainly selffunded organisation. 

| 

| 

The medium to long-term aim for the Trust is to become less reliant on grant funding and we continue to develop our business plan to help us towards this goal. 

2021-2022 will remain a challenging year for the 3G’s but a far more optimistic and positive year as we plan for growth and development post the Coronavirus Pandemic. We are delighted to be a key partner with Wellbeing Merthyr (Leisure Trust) in their successful UK Government funded Community Renewal Fund application for Creative Industry development across Merthyr Tydfil. The Creative Clinic will be one of the CRF Hubs and we will receive a mix of capital funding and revenue which will mean a part time development post and part time technician post will be located at the Clinic to develop our programme of creative Industry courses and classes. 

We are fully engaged in the Calon Las Community Zone & Hub Developments again and the intention is that we will be the lead applicant within the next year for a sizeable application to the Lottery to bulld 

5 



| ! 

staffing capacity within the 3Gs to deliver against our business plan priorities as well as support and develop the Calon Las Hub. 

We are starting to explore opportunities for community learning and skill building for young people and adults within the local community building on the investment from Welsh Government into the Clinic to provide first class opportunities in our amazing state of the art digital attic and recording studio facilities. We have a number of partners and potential funds to support this initiative for the benefit of our communities. 

We are slowly starting to see local partners and those further afield access and use the Clinic again as COVID restrictions allow and we are hosting a local social entrepreneur as a base for her fitness classes. We are receiving regular enquiries in respect of room hiring which will only contribute positively to our income generation strategy. The MVH youth team, Barnardos parenting support service and Barnardos young carers group are all making use of the fantastic space and rooms we have on offer at the Creative Clinic building which is so fantastic to see. 

: | 

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on. Ab 1A. /.808ae and signed on the board’s behalf by: 

Chris Davies Acting Chair 

| | 

| 



INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE 3G’s DEVELOPMENT TRUST 

| | | | | 

Independent examiner's report to the trustees of The 3G’s Development Trust (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021, 

## Responsibilities and basis of report 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’. 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011! (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## Independent examiner's statement 

Ihave completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

- 1, accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2, the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached 

RI. Knoyle A’ 

Baker Knoyle Agchuntancy Limited Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL Date: al afA08.. 

| | | | | i | 

Page 7 



| | | | | | ; | i | | | | | I | | 

; 

## The 3G's Development Trust 

## Statement of Financial Activities 

|The 3G's Development Trust<br>Statement of Financial Activities|The 3G's Development Trust<br>Statement of Financial Activities|The 3G's Development Trust<br>Statement of Financial Activities||||
|---|---|---|---|---|---|
|(Incorporating the Income and Expenditure account)||||||
|fortheyearanded<br>31-March-2021|Notes|Unrestricted<br>Funds|Restricted<br>Funds|Totals<br>2021|Totals<br>2020|
|||£|£|£|£|
|INCOMEAND ENDOWMENTS FROM||||||
|Donations and legacles|2|||||
|Grants& Donations||26,133|12,356|38,489|736|
|Other trading actlvitles<br>Generated Income|2|8,523|-|8,523|14,590|
|InvestmentIncome<br>Charitable activities|2<br>2|-|“|-|-|
|Learningand Community Development||-|82,907|82,907|266,750|
|OtherIncome|2|1,442|-|1,442|18,404|
|Total Income|2|36,098|95,263|131,361|300,480|
|EXPENDITUREON<br>Raising Funds||||||
|CostofRalsing Voluntary Incorne||-|.|-|-|
|Charitable Activitles<br>Learning and CommunityDevelopment|4|30,568|6,661|37,229|151,696|
|Total expenditure|4|30,568|6,661|37,229|151,696|
|NetIncome /(expenditure)||5,530|88,602|94,132|148,784|
|Gross transfer between funds||(2,560)|2,560|-|-|
|NetMovement Infunde|3|2,970|91,162|94,132|148,784|
|Reconciliatlon offunds||||||
|Total Funds brought forward||||||
|1st April 2020||(16,056)|432,732|416,676|267,892|
|TOTALFUNDSCARRIEDFORWARD<br>31stMarch2021||weeee<br>(13,086)<br>523,894<br>§10,808<br>416,676||||



The attached notes form an Integral part of these accounts 

8 



Company Registered No 3831737 Charlty Registered No 1100265 

| | | | | 

‘ ' 


**----- Start of picture text -----**<br>
The 3G's' Development Trust<br>Balance Sheet<br>as at 31-March-2021<br>2021 2020<br>Notes £ £ £<br>FIXED ASSETS<br>Tangible assets 5 436,011 322,999<br>CURRENT ASSETS<br>Debtors 6 - 4,473<br>Cash at bank & in hand 83,813 105,824<br>83,813 110,297<br>CREDITORS<br>Amounts falling due within one year 7 (9,016) (16,620)<br>NET CURRENT ASSETS/(LIABILITIES) 74,797 93,677<br>TOTAL ASSETS LESS CURRENT LIABILITIES 510,808 416,676<br>NET ASSETS £510,808 £ 416,676<br>= _————————_—__—....]<br>FUNDS 8<br>Restricted Income funds 523,894 432,732<br>Unrestricted income funds (13,086) (16,056)<br>TOTAL FUNDS FUNDS £ 510,808 £ 416,676<br>—————EEeE eo<br>**----- End of picture text -----**<br>


## TOTAL FUNDS FUNDS 

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31st March 2021. 

## The members have not required the charitable company to obtain an audit of Its financial 

statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006 

: The trustees acknowledge thelr responsibilitles for 

(a) ensuring that the charltabla company keaps accounting records that comply with Sections 336 and 387 of tha Companies Act 2006 and (b) preparing flnancial statements which glve a true and falr view of the state of affairs of the charitable company as at the end of each financlal year and of Its surplus or deficit for each financla! year In accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to tha charitable company. 

; | : | | : | 

These financlal statements have been prepared In accordance with the provisions applicable to charitable companies subject to the small companies subject to the small companies regime. 

Approved for and on behalf of the board of trustees C Davies - Trustee Dated: Q|/ j2Jal 

The attached notes form an Intagral part of these accounts 

9 



| | | | ; | 

## The 3G's' Development Trust Cash Flow Statement 


**----- Start of picture text -----**<br>
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|as|at|31-March-2021|
|2021|2020|
|Note|£|£|
|Cash|
|Cash|flows from|operating|activities:|
|Net|cashgeneratedprovided fromby operations(used|In)|operating|1|97,974|148,859|
|activitles|97,974|148,859|
|Cash|flows|from|fnvesting|activities:|
|Purchase|of tangible|fixed|assets|(119,986)|(134,667)|
|Interest|received|-|-|
|Net|cash|provided|by|(used|in)|Investing|activities|(119,986)|(134,667)|
|Change|In|cash|and|cash|equivalents|In|the|reporting|period|(22,012)|14,192|
|Cash|and|cash|equivalents|at the|beginning|of the|reporting|
|period|105,824|91,632|
|Cash|and|cash|equivalents|at|the|end|of the|reporting|period|83,812|105,824|

**----- End of picture text -----**<br>


| | | | i | | 

Page 10 



| 

|The 3G's Development Trust|||||
|---|---|---|---|---|
|Notes to the Cash Flow Statement|||||
|as at<br>31-March-2021|||||
|||2021||2020|
|Note 1|£||£||
|Net income/(expenditure) forthe reporting period (as perthe|||||
|statement of financlal activities)||94,132||148,784|
|Adjustments for:|||||
|Depreciation charges||6,973||6,973|
|Interest received||-||-|
|(Increase)/decrease in debtors||4,473||(140)|
|Increase/(decrease) in creditors||(7,604)||(6,758)|
|Netcashprovidedby(usedIn}operatingactlvitles||97,974||148,859|



| | | | | | 

Page 11 



| i ;: ; . : | | | ! | | 

## The 3G's1 Development Trust Notes to the Accounts 

> for the year ended 31-March-2021 

## 1 Principal Accounting Policies 

## Organisational Status 

The financlal statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared In accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financia! Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financia! Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

The organisation is a private company limited by guarantee and a registered charity. Both registered in England & Wales. The directors are the trustees and are set out on page 3, they form a board of trustees whichIts sets the strategic direction of the charity and monitors the performance of the organisation against goals. The aims and objectives and rules for governance are set out in the charitable company's Memorandum and Articles of Association. 

## Income 

All incoming resources are included in the statement of financial activities when the charity Is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied: 

Voluntary income received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income. 

Government Grant Income is included in full on receipt unless it is subject to a condition when it is treated as deferred income. 

Deferred Income. Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified. 

Gifts In Kind are included in the income and expenditure account where they are applied In carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit Is both quantifiable and material. The quantifiable benefit Is shown as both incoming and expended resources within the appropriate funds Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate. 

The value of services provided by volunteers is not quantifled. 

investment Income is included when receivabie. 

Trading Income Is recognised when earned, 

## Government Grant Income comprises specific project related direct support. See Incoming Resources for amounts. 

## Expenditure 

Llabilites are recognised as expenditure as soon as there is a legal or constructive obligation committing settlamentthe charity to thatand the expenditure,amount of theit isobligation probable thatcan abe transfermeasured of economicreliably. Expenditure benefits willis beaccounted required Infor on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. Charitable expanditure comprises those costs Incurred by the charity in the delivery of Its activities and services for Its beneficiaries. It includes the costs that can be attributed directly to those activities and those costs of an indirect nature necessary to support them. 

All expenditure Is allocated between the categories of the SoFA on a basis designed to reflact the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned between categories on a basis that fairly reflects their usage. 

12 



## The 3G's' Development Trust Notes to the Accounts 

## for the year ended 31-March-2021 

Pension Costs. Contributlons are made to the employees own personal pension schemes, together with contributions made to the employees government work place pension scheme. The pension cost charge represents those contributions payable to the individual schemes. 

Taxation The charity Is exempt from corporation tax on its charitable activities. 

Depreciation is provided on tangible fixed assets at the following annual rates In order to write off each asset over its estimated useful tife: 

Buildings 2% On Cost Improvements to buildings 10% On Cost Plant & machinery 25% On Cost 

Tangible Fixed Assets are included in the balance sheet at historic cost less accumulated depreciation. Grant receipts which fund fixed asset acquisitions are taken to restricted funds and the appropriate depreciation charge is made against those funds over the expected useful life of the asset. 

Fund Balances. The balances held by the charity are separated between restricted and unrestricted funds. Balances on restricted funds are subject to specific restrictive conditions imposed from the funding source. Unrestricted funds are available to be utilised by the trustees In the furtherance of the general objectives of the charity. Designated funds are those unrestricted funds set aside for a specific purpose by the Board. 

Leased Assets. Fixed assets acquired under finance leases are included in the balance sheet at historic cost less accumulated depreciation. The present value of future rentals is shown as a liability. Interest payable in each period is charged as an expended resource In proportion to the amount outstanding under the lease, Operating lease rentals are charged as expended resources as Incurred. 

## Redundancy payments 

Redundancy payments are calculated using the HMRC redundancy calculator and are accounted for in the period to which they relate. 

Debtors and creditors recelvable/payable within one year. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. 

## Going Concern. 

Again the Charity remains in a precarious financial position but the trustees remain hopeful that the new ‘Creative Industries' Training Centre, will generate income and increase general reserves. 

| | | : | : ! | | | 

These accounts indicate that the charity had £Nil free reserves as at 31st March 2021. 

The Trustees are confident that the charity can overcome Its difficulties, and have therefore prepared the accounts on a going concern basis. 

13 



| 

| : | ; : | , : | : | | { | | | | | 

## The 3G's' Development Trust Notes to the Accounts 

for the year ended 31-March-2021 

|2 Total Incoming Resources|2021|2020|
|---|---|---|
||£|£|
|Merthyr Tydfil CountyBorough Council|96,907|223,974|
|Arts Council Wales|-|13,500|
|Fitand Fed|-|788|
|South Wales Police|-|28,488|
|Good Things Foundation|2,133|-|
|LotteryCOVID 19Grant<br>MTCBC Rates Grant|12,356<br>10,000|.<br>-|
|Generated Rental Income|8,523|14,590|
|Donationsand Sundry Income|1,442|736|
|Management Fees|-|18,404|
||ee|ee|
||131,361|300,480|
|Interest received|-||
|Total Incoming Resources|£ 131,361|£ 300,480|
|Included In the above are the following:|||
|Donationsand legacies:|2021|2020|
|Gifts in Kind|.|.|
|Grants and Donations|38,489|736|
||38,489<br>ee|736<br>=—SSSSS==—|



|The Income from donations and legacies was £38,486 (2020: £736) ofwhich £26,133 (2020: £736) related to|The Income from donations and legacies was £38,486 (2020: £736) ofwhich £26,133 (2020: £736) related to|The Income from donations and legacies was £38,486 (2020: £736) ofwhich £26,133 (2020: £736) related to|
|---|---|---|
|unrestricted funds and £12,356 (2020:ENil) related to restricted funds.|||
|Othertrading activities:|2021|2020|
|Generated rental Income|8,523|14,590|
||8,523|14,590|
|The Incomefrom trading activitieswas£8,523 (2020: £14,590) ofwhich£8,523 (2020: £14,590) <br>unrestrictedfundsand ENil(2020: £Nil)relatedtorestricted funds.||related to|
|Investment Income:|2021|2020|
|DepositAccount Interest<br>-<br>-<br>—_—<br>—<br>nn<br>pe<br>The income from investmentswas E£Nil (2020: £Nil) ofwhich ENil (2020: £Nil) related to unrestricted funds.|||
|Charitable activity income:|2021|2020|
|Learning<br>&Community Development|82,907|266,750|
||82,907<br>———— rn|266,750<br>—=——|
|Tha income from charitable activitieswas £82,907 (2020: £266,750) ofwhich £82,907 (2020: £266,750) related to|||
|restrictedfunds.|||



14 



|| 

| ! | i | 

; | 

| | | 

## The 3G's| Development Trust Notes to the Accounts for the year ended 31-March-2021 

||<br>The 3G's| Development Trust<br>Notes to the Accounts<br>for thethe year endedended 31-March-2021||||||||
|---|---|---|---|---|---|---|---|
|Other Income:||||2021|||2020|
|Management Fees||||-|||18,404|
|Expense refunds||||1,442|||-|
|Insurance Claim||||-|||-|
||||1,442<br>———————|||18,404<br>—_p_—_—=||
|The income from otherincoming resources was £1,442 (2020: £18,404) <br>unrestricted funds.<br>,|||ofwhich£1,442 (2020: £18,404)||||related to|
|3 Net Incoming Resources||||2024|||2020|
|is stated after charging:||||£|||£|
|Depreciation<br>:-tangible owned fixed assets||||6,973|||6,973|
|Fees payable to charity's Independent Examiners forthe independent||||||||
|examination of the charity's financlal statements||||3,300|||4,156|
|‘<br>'<br>.ee<br>a<br>Amounts payable to Independent Examiners in relation to payroll, pension administration and other services||||||||
|provided to the charityamounted to ENil (2020: £856).||||||||
|4 Resources expended||||||||
|Resources expended includethe following:||||||||
|Staff costs:||||||||
|||||2021|||2020|
|Staff Costs:<br>Wages & Salaries||||-|||51,367|
|Social security costs||||-|||-|
|Pension costs||||-|||600|
|Redundancy costs||||-|||-|
|Pension Costs||:<br>——eEE||||£51,967<br>————————————||
|The charitycontributes to employees’own personal pension schemes,||The pension cost charge||||||
|represents contributions paid by the Company to the individual schemes:||||||||
|AverageNo ofemployees<br>Leaming & CommunityDevelopment||£NIL<br>eee||||5<br>———S—————||
|No employees received emoluments In excess of£60,000||||||||
|The trustees did not receive any emoluments: out of pocket expenses were reimbursed of:||||||||
|(2019 - 1 Trustee forgeneral charityexpenses reimbursed)|2021|£NIL<br>| a||a|2020|3,281<br>Oe||
|The value ofpayments to, or transactions with trustees or persons|connected|||with thetrustees was:||||
||2021|ENIL|||2020|ENIL||



## 4 Resources expended 

The key management of the charity is the Board of Trustees. Total benefits of the key management personnel of the charity was ENil (2020: ENIl). 

15 



> The 3G's! Development Trust Notes to the Accounts 

| 

| | | ! : | | 

| | 

for the year ended 31-March-2021 

## Charitable activity costs: 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Direct|costs|Support|costs|Totals|
|(see|note)|
|£|£|£|
|Leaming|&|Community|Development|33,929|3,300|37,229|
|33,929|3,300|37,229|

**----- End of picture text -----**<br>


Total charitable activity costs were £37,229 (2020: £151,696) of which £6,661 (2020: £118,738) related to restricted costs and £30,568 (2020: £32,958) related to unrestricted costs. Support costs: Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. 

Support costs are allocated against the activities of the organisation as follows: 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|HR|Management|Finance|Governance|
|Allocation|Basis|Resources|Resources|Resources|Resources|
|Expended|Expended|Expended|Expended|TOTAL|
|Activities|
|Learning|and|Community|
|Davelopment|-|-|*|3,300|3,300|
|-|-|-|£|3,300|£|3,300|

**----- End of picture text -----**<br>


## 5 Tangible Fixed Assets 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Property|Plant &|
|Improvement|machinery|TOTAL|
|Cost|
|31-Mar-20|395,639|-|395,639|
|Additions|82,907|37,079|119,986|
|Disposals|-|-|-|
|31-Mar-21|£ 478,546|£37,079|£515,625|
|cL|——_"|
|Depreciation|
|31-Mar-20|72,644|-|72,641|
|On|disposals|-|-|-|
|Charged|6,973|-|6,973|
|31-Mar-21|£79,614|.|£79,614|
|Net|book value|(NBV)|
|31-Mar-20|£ 322,998|-|£|322,998|
|—_———|eee.)|——|
|31-Mar-21|£ 398,932|37,079|£|436,011|
|Debtors|2021|2020|
|£|£|
|Other|Debtors|-|4,473|
|Grants|Recelvable|-|-|
|————ee.--or s.r|__SS£4473|

**----- End of picture text -----**<br>


## 6 Debtors 

| | | 

16 



|| 

| : ) ; : ; : 

## The 3G's' Development Trust Notes to the Accounts for the year ended 31-March-2021 

|7 Creditors: Amounts|falling due withIn one year|falling due withIn one year|falling due withIn one year|2021||2020|
|---|---|---|---|---|---|---|
|||||£||£|
||Accruals|||8,030||4,730|
||Other Creditors|||986||11,890|
|||||£9,016||£ 16,620|
|8 Fund Balances|||||||
|||Balance||||Balance|
|||31-March —Incoming||Resources||31-March|
|||2020|Resources|Expended|Transfers|2021|
|General Fund||(16,056)|36,098|(30,568)|(2,560)|(13,086)|
|FREE RESERVES||(16,056)|36,098|(30,568)|(2,560)|(13,086)|
|UNRESTRICTED FUNDS||(16,056)|36,098|(30,568)|(2,560)|(13,086)|
|Core & Non Core Funding (CF)||~|-|-|-|-|
|Core & Non Core Funding Asset Fund||22,847|-|(737)|-|22,110|
|Arts Council Wales||13,500|-|-|-|13,500|
|Lottery Main Grant||9,979|"|-|-|9,979|
|Miscellaneous Projects||599|-|-|-|599|
|Miscellaneous ProjectsAssetFund||81,842|-|(1,841)|-|80,001|
|LotteryCOVID 19Grant<br>Police Violence Fund||-<br>-|12,356<br>-|(10,361)<br>-|-<br>-|1,995<br>-|
|Hodge Foundation||10,000|-|~|-|10,000|
|MTCBC 2istCenturyFund||-|82,907|10,904|(67,639)|26,172|
|MTCBC 21st Century Asset|Fund|134,667|-|-|67,639|202,306|
|People's Postcode Trust||9,842|-|-|.|9,842|
|Police Victim Fund||8,917|-|(230)|-|8,687|
|Police Youth Grant<br>CITC Project<br>CITC ProjectAssets Fund||4,554<br>52,347<br>83,641|-<br>-<br>-|-<br>-<br>(4,396)|=<br>(52,347)<br>54,907|4,551<br>-<br>134,152|
|RESTRICTED FUNDS||432,732|95,263|(6,661)|2,560|523,894|
|TOTALFUNDS<br>£416,676<br>£131,361<br>£(37,229)<br>-<br>Transfersbetweenfundsarisewhereunrestrictedfundshave beenusedtofundshortfallsInrestricted||||||£ 510,808|
|projects.|||||||
|The free reserves are available to provide||funds to cashflow projects funded on a retrospective basis|||||
|and are available with the approval ofthe trustees to fund any expenditure on projects orexpenses<br>which fall withinthe organisatlons generalaimsand objectives. Theyare accumulated inaccordance|||||||
|withthereservepolicyasstatedInthetrusteesreport.|||||||



| | | 

17 



| | | | | : 

; : ; : | : | | 

## The 3G'st Development Trust Notes to the Accounts 

for the year ended 31-March-2021 

## 9 Comparative Fund Balances 

|9 Comparative Fund Balances|||||||||
|---|---|---|---|---|---|---|---|---|
||Balance||||||Balance||
||31-March|Incoming|Resources||||31-March||
||2019|Resources|Expended|||Transfers|2020||
|General Fund|(17,561)|33,730||(32,958)||733|(16,056)||
|FREE RESERVES|eee<br>(17,561)<br>33,730<br>(32,958)<br>733.00<br>(16,056)||||||||
|UNRESTRICTED FUNDS|(17,561)|33,730||(32,958)||733.00|(16,056)||
|Core& Non Core Funding (CF)<br>Core & Non Core Funding Asset Fund|-<br>23,584|-<br>-||-<br>-|=|-<br>737|-<br>22,847||
|Arts Council! Wales|-|13,500||-||-|13,500||
|Lottery Main Grant|9,979|-||-||-|9,979||
|MTCBC Legacy Fund|-|67,500||(67,496)||(4)|-||
|Miscellaneous Projects|1,010|-||(411)||-|599||
|Miscellaneous Projects Asset Fund|83,683|-||(1,841)||-|81,842||
|MTCEC Fit & Fed|-|788||(788)||-|-||
|Police Violance Fund|-|13,000||(13,008)||8|-||
|Hodge Foundation|10,000|-||-||-|10,000||
|MTCBC 21st Century Fund||156,474||(21,807)||(134,667)|-||
|MTCBC 21st CenturyAsset Fund||:||-||134,667|134,667||
|People's PostcodeTrust|9,842|-||-||-|9,842||
|Police Victim Fund|-|10,000||(1,083)||-|8,917||
|Police Youth Grant|-|5,488||(937)|||4,551||
|CITC Project|59,318|-||(6,971)||-|52,347||
|CITC Project Assets Fund|88,037|-||(4,396)||-|83,641||
|RESTRICTED FUNDS|285,453|266,750||(118,738)||(733)|432,732||
|TOTALFUNDS|£267,892|£ 300,480|£(151,696)|||-|£ 416,576||
|Asset analysis ofFund balances|||||||||
|The balances on restricted funds are represented by the following underlying|||||||||
|assets:|Fixed|Net|31-March||||31-March||
||Assets|Current<br>Assets /<br>{Llabllities)||2021<br>£|||2020<br>£||
|Core& Non Core Funding (CF)|-|-||-|||-||
|Core & Non Core Funding Asset Fund<br>ArtsCouncilWales<br>Lottery Main Grant|22,110<br>-<br>-|-<br>13,500<br>9,979||22,110<br>13,500<br>9,979|||22,847<br>13,500<br>9,979||
|Miscellaneous Projects|-|§99||599|||599||
|Miscellaneous Projects Asset Fund|80,001|-||80,001|||81,842||
|Lottery COVID 19 Fund|-|1,995||1,995|||-||
|Police Violence Fund|-|-||.|||.||
|Hodge Foundation|-|10,000||10,000|||40,000|;|
|MTCBC 21st Century Fund|-|26,172||26,172|||:||
|MTCBC 21stCentury Asset Fund|202,306|-||202,306|||134,667||
|Peaple’s Postcode Trust|-|9,842||9,842|||9,842||
|Police Victim Fund|-|8,687||8,687|||8,917||
|Police Youth Grant|-|4,551||4,551|||4,551||
|CITC Project|-|-||-|||52,347||
|CITC ProjactAsset Fund|134,152|-||134,152|||63,641||
||£ 438,569|£ 85,325|£|523,894|||£ 432,732||
||||||||18||



. 



|| | | | : ; | | : ; | | ; | | | ' | 

## The 3G's' Development Trust Notes to the Accounts for the year ended 31-March-2021 

Restricted funds represents balances held to fund future projects where the resources have been received and are required by the donors to fund a specific projact. 

Where balances on restricted funds are designated as fixed assets this Is the amount within the fund set aside for the future depreciation of those assets. The remaining balances on restricted funds represent amounts where funds have been received or are receivable and where the expenditure Is restricted to specific purposes by the donor. Activities undertaken within each major restricted fund 

The restricted funds of the charity have been applied during the year or are held for future expenditure In the following areas: 

## The Core Project 

This represents the activities and funding which support the infrastructure and central running costs of the trust. 

## Miscellaneous Projects 

This is made up of a number of projects with small or limited time funding received. 

## CITC (Clinic) 

This is the refurbishment of the old clinic, which 3G's owns. It is being developed into a Creative Industry Training Centre and this will focus on training In the media, arts and music fields. 

## Arts Council Wales 

This a a grant to provide access to creative arts and media services for learning, employment and leisure purposes. 

## Julian Hodge Foundation 

This is a grant towards the running costs of the Clinic Project. 

Police Violence Fund This grant funding Is part of the Prevention of Serious Violance Programme - 'Reducing Youth Knife Crime’. It enables working with vulnerable young people using creative arts and media. This is funded by South Wales Police and Crime Commissioner's Office. 

## Police Victlms Fund 

This funding Is part of the Victims of Crime Support Programme. The grant enables support and rehabilitation of victims of crime through creative arts and social media. This is funded by South Wales Police and Crime Commissioner's Office. 

## Police Youth Fund 

This is a grant which supporis youth club activities, therefore diverting young people away from risky behaviours. This is funded by South Wales Police and Crime Commissioner's Office. 

## People's Postcoda Trust 

This Is a grant to support the Mens Group for Environment Projects. 

i 

## Lottery Main Grant 

This is a grant to support recording studio activities In the clinic. 

## MTCBC 21st Century Fund 

This Is a grant to redevelop our bullding into a Community Learning Centre delivering creative arts and media services. 

19 



| | | | : | | | | | , | | | 

| 

## The 3G'sI Development Trust Notes to the Accounts 

for the year ended 31-March-2021 

## The National Lottery Community Fund 

The 'Get Creative at Home Community Fund COVID Response Grant’ is a project to help people most at risk to be able to express themselves at home creatively during the Coronavirus pandemic lockdown period. The projects aim is to provide creative materia! bundles with user guides along with online support via the Get Creative Together Network to residents across Gurnos and Galon Uchaf. 

## 10 Gifts In kind 

## Volunteer Time 

The value of volunteer time is not quantified In terms of money but the time contributed by volunteers is an Invaluable resource in terms of the outstanding contribution made by them. 

The number of hours contributed by volunteers In the year was: 


**----- Start of picture text -----**<br>
Nil Nil<br>**----- End of picture text -----**<br>


## 11 Financial Commitments 

## Operating Leases 


**----- Start of picture text -----**<br>
At the Balance Sheet date the organisation was committed to making the following payments during<br>the next year in respect of operating leases: 2021 2020<br>£ £<br>Leases which expire :<br>Plant & Machinery<br>Within one year 3,159 3,159<br>Within two to five years - -<br>. £3,159 £3,159<br>Land & Buildings<br>Within one year - -<br>In more than five years - -<br>- ~<br>**----- End of picture text -----**<br>


## 12 Control 

The entity is controiled by the Directors/Trustess. 

## 13 Related Party Disclosures 

There are no related party transactions that require disclosure. 14 WeGoing Concerndraw your attention to Note 1, Accounting Policies, where 

draw your attention to Note 1, Accounting Policies, where Going Concern Is discussed, 

| | 

## 15 Pension Commitments 

During the year the charity was committed to pay ENil to employees work placed pension schemes. 

| 

At the year end £986 (2020:£986) of contributions were unpaid. 

20