Registered Charity Number 1102688 Registered Company Number 04949384
THE TYN-Y-NANT CHRISTIAN CENTRE
Company Limited by Guarantee
Report and Unaudited Accounts
For the year ended
31 January 2023
THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Reports and accounts
Contents
| Page | |
|---|---|
| Trustees’ Report | 3 |
| Statement of Directors’/Trustees’ Responsibilities | 4 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet |
10 |
| Notes to the accounts |
11 |
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2023
Introduction
The trustees present their annual director’s report and financial statements for the year ended 31 January 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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 2015) (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1[st] January 2019), (The SORP)
.
Purpose and Activities of the Charity
The charity provides holidays for young people in a Christian environment under the name of Merseyside Christian Youth Camps (MCYC)
A summary of the objectives of the charity as set out in its governing document.
The advancement of the Christian faith by the provision and use of land and premises for the worship of God. For the edification of believers in God and for the provision of facilities to further the religious, social, moral and physical wellbeing of young people and others in accordance with the basis of faith.
Public benefit that is provided by the charity
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
Summary of main activities of the charity in relation to its objects
The last twelve months have seen us able to return to a full range of Lettings and Camps after the restrictions of the COVID-19 pandemic. This has been possible due to the hard work of our many volunteers, and has provided a real benefit to the many people who have come to Tyn-y-Nant over the past year: from older folk staying for a weekend as part of church and community groups on a Letting, to the hundreds of children and teenagers attending a week of our Camps, to people of all ages from the local community attending activities we have run.
239 young people attended our Camps in 2022, this is down from 309 in 2019, which was the last year we were able to run. Although this is lower than we would have hoped, it is not unexpected given many people’s continued anxiety about group activities following the Pandemic, and the two year gap losing the momentum of bookings.
Plans for future periods
Our hope and expectation is that being another year further removed from the Pandemic we will see an increase in attendance at our Camps, with the hope that in future years we will be able to increase the number of weeks we offer in line with demand. We continue to look at the best ways to advertise and promote our activities, both directly to the young people who may come, and to churches and youth groups who may send groups along. We also continue to look at priorities for maintaining and improving the site, as well as ways to fundraise so that we will be able to invest in the long-term success of the charity
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2023
Financial Review
Policies on reserves
Adequate reserves are maintained to fund the charity’s activities for at least three months forward.
Availability and adequacy of assets of the funds.
The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Transactions and Financial position
The Statement of Financial Activities show net outgoing resources for the year of a revenue nature of £43,445 (2022: £33,081).
The total reserves at the year- end stand at £651,815 (2022: £695,260).
Share Capital
The Company is limited by guarantee and therefore has no share capital.
Reference and administrative details
Date of incorporation 31[st] October 2003 Company Registration Number 04949384 The Registered Office is 13 Village Road, Higher Bebington, Wirral CH63 8PP Charity Registration Number 1102688 The telephone number is 44(0) 151 6080626
Directors and trustees
The directors who served on the date this report was approved and during the year were: J Norwood (Chair) M J Wright (Treasurer) Mrs J Woods Mrs J Goodwin J G Fraser N G Goodwin JDM Woods SD Smith (appointed 16 February 2023) Mrs H Petch (appointed 16 February 2023) MT Fleming (appointed 15 May 2023) S J Bedford (resigned 7 June 2022) MN Woodger (resigned 16 February 2023)
All the directors of the company are also the Trustees of the charity, and their responsibilities include all the responsibilities of the directors under the Companies Acts and of Trustees under the Charities Act.
The Board of trustees held regular meetings across the year, with 85%+ attendance for each meeting. During the lockdown period due to the Covid pandemic the trustees have continued to have regular meetings online. Minutes from these meetings can be provided on application.
Nature of the Governing Documents and Constitution of the Charity
The Organisation is a charitable company limited by guarantee, incorporated on 31[st] October 2003 and registered as a charity on 17 March 2004. The Company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Article of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2022
The methods adopted for the recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the Company’s Articles the directors are known as members of the charity. The directors are chosen to bring a wide variety of skills to the charity management.
Independent Examiner
Olivia Higgins, KBH Accountants Limited, 255 Poulton Road, Wallasey CH44 4BT
Statement of Director’s and Trustees’ Responsibilities
The charity trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing the financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statements as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approving our trustees’ annual report: There is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the independent examiner is unaware, and the trustees, having made enough enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2022
By order of the board of trustees
This report was approved by the board of Trustees on 15 May 2023
Malcolm Wright Director and Trustee
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Independent Examiner’s Report to the Trustees of the Charity
Report of the Independent Examiners to the Trustees on the account of the Charity for the year ended 31 January 2023
I report on the financial statement of the charitable company on page 8 to 19 for the year ended 31 January 2022.
This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and Examiner
As the charity trustees, who are also directors of the company for the purpose of the company law, you are responsible for preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and under section 144(2) of the Charities Act 2011 (“the Charities Act”) and is eligible for independent examination. It is my responsibility to:
-
Examine accounts under the section145 of the Charities Act;
-
Follow the procedure laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
-
To state whether particular matters have come to my attention
Basis of opinion and scope of work undertaken
My examination was carried out in accordance to general directions given by the charity commission. An examination includes a review of accounting records, kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedure undertaken does not provide all the evidence that would be required in an audit. Consequently, no opinion is given to whether the accounts present a true and fair view and report is limited to the matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matters have come to my attention;
-
Which gives me reasonable cause to believe that in any material respect the requirements;
-
To keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
To prepare accounts which accord with the accounting records and comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice: Accounting and reporting by Charities have not been met; or,
-
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Olivia Higgins, Chartered Certified Accountant KBH Accountants Limited, 255 Poulton Road, Wallasey CH44 4BT
The date upon which my opinion is expressed is: 27 October 2023
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED
Statement of Financial Activities for the year ended 31 January 2023
| Unrestricted | Restricted | Total | Last Year | |
|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |
| Notes2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Income | ||||
| Donations and legacies | 335,662 | - |
35,662 | 59,619 |
| Income from charitable activities | 459,991 |
- | 59,991 | - |
| Income from other trading activities532,614 | - | 32,614 | 612 | |
| Investment income | 6 39 | - |
39 | 3 |
| Total Income | 128,306 |
- |
128,306 | 60,234 |
| Expenditure | ||||
| Expenditure on charitable | ||||
| activities |
7137,309 |
34,442 | 171,751 | 93,315 |
| Total expenditure | 137,309 |
34,442 | 171,751 | 93,315 |
| Net expenditure for the year | ( 9,003) | (34,442) | (43,445) | (33,081) |
| Gross transfer between funds | - | - |
- | **- ** |
| Net movement in funds |
(9,003) |
(34,442) | (43,445) | (33,081) |
| Reconciliation of funds: | ||||
| Total funds brought forward | 518,497 |
176,763 | 695,260 | 728,341 |
| Total funds carried forward | 509,494 |
142,321 | 651,815 | 695,260 |
The net movement in funds referred to above in the net incoming resources as defined in the statement of Recommendation Practice for Accounting and reporting issued by the Charity Commission for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 11 as required by the said statement.
All activities derive from continuing operation
The notes on page 12 to 19 form an integral part of these accounts
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Statement of Financial Activities for the year ended 31 January 2023 Analysis of prior year total funds as required by paragraph 4.2 of Statement of Recommended Practice (SORP)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| Notes2022 | 2022 | 2022 |
|
| £ | £ | £ | |
| Income | |||
| Donations and legacies | 359,619 | - |
59,619 |
| Income from charitable activities4- |
- | - | |
| Income from other trading activities5612 | - | 612 | |
| Investment income | 6 3 | - |
3 |
| Total Income | 60,234 |
- |
60,234 |
| Expenditure | |||
| Expenditure on charitable | |||
| activities |
758,873 |
34,442 | 93,315 |
| Total expenditure | 58,873 |
34,442 | 93,315 |
| Net expenditure for the year | 1,361 |
(34,442) | (33,081) |
| Gross transfer between funds | - | - |
**- ** |
| Net movement in funds |
1,361 |
(34,442) | (33,081) |
| Reconciliation of funds: | |||
| Total funds brought forward | 517,136 |
211,205 | 728,341 |
| Total funds carried forward | 518,497 |
176,763 | 695,260 |
All activities derive from continuing operation
The notes on page 12 to 19 form an integral part of these accounts
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Statement of Financial Activities for the year ended 31[st] January 2023 Income and Expenditure Account as required by the Companies Act for the year ended 31[st] January 2023
| Turnover Direct costs of turnover Gross deficit Governance costs Operating deficit Interest receivable Deficit on ordinary activities before tax Retained deficit for the financial year |
2023 2022 £ £ 128,306 60,230 167,511 90,083 (39,205) (29,853) 4,279 3,231 (43,484) (33,084) 39 3 (43,445) (33,081) (43,445) (33,081) |
|---|---|
All activities derive from continuing operations
The notes on pages 12 to 19 form integral part of these accounts.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Company Number 04949384 Balance Sheet as at 31[st] January 2023
| Notes Fixed Assets Tangible assets 12 Total fixed assets Current Assets Stock Debtors 13 Cash at the bank and in hand Total current assets Creditors:- Amount due within one year 14 Net current assets Net assets Creditors Amounts due after more than one year 15 Total net assets The funds of the charity Unrestricted income funds Unrestricted revenue accumulated funds 17 Designated revenue funds 17 Total unrestricted funds Restricted revenue funds Restricted revenue accumulated funds 17 Total charity funds |
£ 1,519 1,300 16,219 19,038 (15,960) |
|---|---|
The directors are satisfied that the year ended on 31 January 2023 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 7.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
MJ Wright – Trustee
Approved by the board of Trustees on 15 May 2023 The notes on page 11 to 18 form an integral part of these accounts
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP(FRS 102) the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets & liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
b) Reconciliation with previous Generally Accepted Practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was found to be necessary.
c) Preparation of the accounts on a going concern basis
The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.
d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
f) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings - expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs and other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charitable activities. The bases on which support costs have been allocated are set out in note7.
i) Tangible fixed assets
Individual fixed assets costing £500 or more are capitalised as cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:
| follows: | |
|---|---|
| Asset Category | Annual rate |
| Freehold land | 0% |
| Buildings | 2% straight line for new buildings and |
| 5% for refurbishments and other buildings | |
| Plant, equipment, and motor vehicles 10% straight line |
j) Stock
Stock is included at the lower of cost or net realisable value.
k) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
l) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
m) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
n) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loan which are subsequently measured at amortised cost using the effective interest method.
2 Legal status of the Trust
The charity is a company limited by guarantee and has no share capital. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity.
3 Income from donations and legacies
| Donations Gifts and donations - individuals Gifts and donations - organisations Recoverable taxation Charitable Trusts Grants – Covid related |
2023 2022 £ £ 25,366 17,975 5,910 8,230 4,386 3,414 - 20,000 -10,000 35,662 59,619 |
|---|---|
All income arising from donations was unrestricted in both years.
The Trust benefits from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
The charity has not been notified of any legacies in the year to 31 January 2023 or the previous year.
4 Income from charitable activities
Income from camping activities – camper’s fees Income from camp shop Total income from charitable activities |
2023 2022 £ £ 52,620 - 7,371- 59,991 - |
|---|---|
All income arising from charitable activities was unrestricted.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
5 Income from other trading activities
| Site lettings to other organisations Provision of DBS checks for other organisations Miscellaneous fundraising activities |
2023 2022 £ £ 32,242 - 310 560 62 52 32,614 612 |
|---|---|
All income arising from other trading activities was unrestricted in both years.
6 Investment income
All of the charity’s investment income of £39 (2022: £3) arises from money held in interest bearing deposit accounts.
7 Analysis of expenditure on charitable activities
Direct cost of charitable activities Premises running costs Depreciation Governance costs (see note 8) Support costs (see note 8) Total |
2023 2022 £ £ 49,952 - 57,592 32,352 34,442 34,442 4,279 3,631 25,486 22,890 171,751 93,315 |
|---|---|
Expenditure on charitable activities was £171,751 (2022: £93,315) of which £137,309 was unrestricted (2022: £58,873) and depreciation of £34,442 was restricted (2022: £34,442)
8 Analysis of governance and support costs
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance cost, the remaining support costs together with the governance costs are allocated to the charitable activities undertaken (see note 7) in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
Analysis of support and governance costs
| General support | General support | Governance | Total | Basis of |
|---|---|---|---|---|
| Function | apportionment | |||
| £ | £ | £ | ||
| Salaries, wages and | ||||
| related costs |
14,400 | - |
14,400 | Allocated on time |
| Office and administration | 8,572 | - | 8,572 | As incurred |
| Independent Examiner | - | 750 |
750 | Governance |
| Interest charges | 2,514 | - | 2,514 | Allocated on time |
| Legal and other | ||||
| professional fees |
- | 3,529 |
3,529 | Governance |
| Total |
25,486 | 4,279 |
29,765 |
All support and governance costs were unrestricted in both years.
9 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel.
| Centre Management fees |
2023 2023 £ £ 14,400 14,400 14,400 14,400 |
|
|---|---|---|
The charitable company had no employees in the year therefore there are no employees with employee benefits in excess of £60,000 (2022: nil). The Centre manager is employed on a consultancy basis.
The charity trustees were not paid personally or received any other benefits from employment with the charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustees received payment for professional or other services supplied to the charity - except as disclosed in note 16
10 Staff Numbers
The average monthly head count was nil staff (2022: nil staff) and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were also nil.
11
Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
12 Tangible functional fixed assets
| Freehold | Plant | Total | ||
|---|---|---|---|---|
| Land and | machinery and | |||
| Buildings | motor vehicles | |||
| £ | £ | £ | ||
| Cost: | ||||
| As at 1 February 2022 |
1,164,009 | 153,544 | 1,317,553 | |
| Additions | - | - | - | |
| ___________ | ||||
| As at 31 January 2023 | 1,164,009 | 153,544 | 1,317,553 | |
| Depreciation: | ||||
| As at 1 February 2022 |
436,372 | 149,245 | 585,617 | |
| Charge for the year |
33,842 | 600 | 34,442 | |
| _________ | ||||
| As at 31 January 2023 |
470,214 | 149,845 | 620,059 | |
| Net book value | ||||
| As at 1 February 2022 |
727,637 | 4,299 | 731,936 | |
| As at 31 January 2023 |
693,795 | 3,699 | 697,494 | |
| Freehold land at cost included above not depreciated |
9,194 | |||
| 13 | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Other debtors and gift aid tax | 1,300 | 4,800 | ||
| 1,300 | 4,800 | |||
| 14 | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| £ |
£ | |||
| Loan from charitable trusts | 8,291 | 7,620 | ||
| Accrued expenses and prepaid | income | 7,669 | 6,950 | |
| 15,960 | 14,570 |
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
| Lettings Camp Fees 2023 2023 £ £ Deferred income Balance at 1 February 2022 2,310 2,876 Released to income in the year (2,310) (2,876) Received in respect of 2023 charitable activities 1,590- Deferred Income at 31 January 2023 1,590 - 15 Creditors: amounts falling due after one year Loans from charitable trusts Amounts falling due for payment after more than five years |
Lettings Camp Fees 2023 2023 £ £ 2,310 2,876 (2,310) (2,876) 1,590- |
Lettings Camp Fees 2023 2023 £ £ 2,310 2,876 (2,310) (2,876) 1,590- |
Total Total 2023 2022 £ £ 5,186 4,946 (5,186) - 1,590 240 1,590 5,186 2023 2022 £ £ 48,757 58,468 9,102 18,618 |
|---|---|---|---|
| 1,590 - |
The mortgage is secured by a charge over the land and property owned by the company. The balance of the mortgage at 31 January 2023 was £51,115 (2022: £60,341)
Interest payable on the loans in the year amounted to £2,514 (2022: £2,523)
16 Related party transactions
The charitable company has a 5 year low interest loan from Merseyside Evangelistic Trust (MET). One of the trustees, MJ Wright is also a trustee of Merseyside Evangelistic Trust. The balance of the loan outstanding at 31 January 2023 was £5,893 (2022: £5,747). The trustees of MET have granted a repayment holiday until there is a resumption of trading activity or 1 April 2024 whichever is sooner.
Elpizo Limited provided accountancy, taxation and gift aid reclaim services during the period. The cost of these services (including irrecoverable VAT) was £3,529 (2022: £2,760). MJ Wright is the director of Elpizo Limited.
Cost of services in the period was – gift aid recovery £240 (2022: £138), bookkeeping £2,400 (2022: £2,034), filing confirmation statement and SAGE licence £301, accounts preparation £588 (2022: £588 and Covid grant claims nil (2022: £300). The balance owing to Elpizo Limited at 31 January 2023 was £2,148 (2022: £1,292) During the year the company paid £240 (2021: £240) for web hosting services to Digitally Transform Me Limited. Mark Woodger was a trustee in the year and is also a director of Digitally Transform Me Limited. There was no outstanding balance owing to Digitally Transform Me Limited at 31 January 2023.
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THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2023
17 Analysis of charitable funds - analysis of movements in funds
| General fund Designated bursary fund Restricted funds Total |
Balance Funds 1 February Income Expenditure Transfers 31 January 2022 2023 £ £ £ £ £ 517,337 128,306 (137,309) - 508,334 1,160 - - 1,160 176,763 - (34,442) - 142,321 695,260 128,306 (171,751) - 651,815 |
|
|---|---|---|
Purpose of the Funds
General fund - Unrestricted funds that can be expended at the discretion of the trustees in furtherance of the objects of the charity.
Bursary fund - Funding allocated by trustees towards the cost of reduced fees for campers whose families are experiencing financial difficulties.
Restricted fund – Grants and donations received for the various building projects
18 Analysis of net assets between funds
| General Designated Restricted Total Fund Fund Fund £ £ £ £ Tangible fixed assets 498,125 - 199,369 697,494 Cash at bank and in hand 15,059 1,160 - 16,219 Other net current assets/(liabilities)(4,850) - (57,048) (61,898) Total 508,334 1,160 142,321 651,815 |
General Designated Restricted Total Fund Fund Fund £ £ £ £ Tangible fixed assets 498,125 - 199,369 697,494 Cash at bank and in hand 15,059 1,160 - 16,219 Other net current assets/(liabilities)(4,850) - (57,048) (61,898) Total 508,334 1,160 142,321 651,815 |
General Designated Restricted Total Fund Fund Fund £ £ £ £ Tangible fixed assets 498,125 - 199,369 697,494 Cash at bank and in hand 15,059 1,160 - 16,219 Other net current assets/(liabilities)(4,850) - (57,048) (61,898) Total 508,334 1,160 142,321 651,815 |
|---|---|---|
508,334 1,160 142,321 651,815 |
Analysis of net assets between funds – previous year
| General Designated Restricted Total Fund F und Fund £ £ £ £ Tangible fixed assets 489,085 - 242,851 731,936 Cash at bank and in hand 30,402 1,160 - 31,562 Other net current assets/(liabilities)(2,150) - (66,088) (68,238) Total 517,337 1,160 176,763 695,260 |
General Designated Restricted Total Fund F und Fund £ £ £ £ Tangible fixed assets 489,085 - 242,851 731,936 Cash at bank and in hand 30,402 1,160 - 31,562 Other net current assets/(liabilities)(2,150) - (66,088) (68,238) Total 517,337 1,160 176,763 695,260 |
General Designated Restricted Total Fund F und Fund £ £ £ £ Tangible fixed assets 489,085 - 242,851 731,936 Cash at bank and in hand 30,402 1,160 - 31,562 Other net current assets/(liabilities)(2,150) - (66,088) (68,238) Total 517,337 1,160 176,763 695,260 |
|---|---|---|
517,337 1,160 176,763 695,260 |
19 | P a g e