Canolfan Ceiriog Centre Cyf Unaudited financial statements For the year ended 31 December 2022 Company number 4984871 Charity number 1103898 Canolfan Ceiri09 Centre Cyf Unouditedfinanci015tatement5 FDrthe yeorended31 December2022 Company inftsftnatitsn Cornpany number Charity number 4984871 1103898 Registered office Canolfan Ceiriog Centre New Road LL20 7HE Website www.raTrolfanreirioE.orE Directo Mr5. A.Prire MrT.Bate5 Mr. P.Lloyd Mr5 S. Wallace Mr.S.Price Mr.P.Fletcher Mr5 B.Gregory Mr.ft.GrEgory Mr5.S.Murnby Mr5A. Wheeler Cornpanysecretary Centre Manager Canolfan Ceiri09 Centre Cyf Unouditedfinanci015tatement5 FDrthe yeorended31 December2022 ContÈnt$ Pages1&2 Difettor's repDrt Page 3 Intome Statement (Profit and Lots) Page 4 Staternent of Financial P051tion (Balanre sheetl Pages5-7 Note5 to the financial statements Canolfan Ceiriog Centre Cyf Unouditedfinanci015tatements FDrthe yeorended31 Decefftber2022 Page I DirÈctiir'$ rÈport The Dir￿torS pre5enttheir report with the finanrial 5taternent5forthecompanyforthe year ended 31 Decetnber 2022. and review The company'5 rnain aitivity istheoperation of a corntnunity rentre-the Canolfan CeirioE The accounts5howa defirit intheyearof £5.253 12021- Deficit£12,6151. Charitable ob ert5 To prornoteforthe bEnefitofthe inhabitant5 of the community iountilsof Llin5antffraid Achievetnents and erformance The Charitable and Bu5ine55 activitie5 of CaTrolfaTrCeiriogCentre were SUPEnded for the Covid Pandemic and norrnal activite5 were resumed atthe end of 2021. Thi5financial report therefore documentsthefirstfull year of resumed activity. have been 51owto resume, reflecting the ongoing reluctance of the publirtD A Business Protction Grant1541035661 of £4.Om Rate5 Grant wa5from Wrexham CBC on 2810112022 AfurtherBusine55 Protection Grantl01618981 of £l,OOOwa5 rereivedfrotn WreNhatn CBC on 2310412022 These Grant5 have been entered a5 Capital Inirease5 tothe reserve account and will be held tocover p055iblefuturetrading1055e5. Afull prograrnme of fund raisinE event5 wa5 undertaken butattandance5 were Atradingdeficitof £5,253 ha5 been recorded forthe year 2022 Structure overnanre and mana ernent The governing instrument of the cornpany is it'5 Mernorandurn and Atrirlesof Assotiation. ThE company wa5 incorporated on 4th D￿ernbEr 2003 and 15 limited by guarantee.The cotnpany has bEen registered asa charity since 24th May2M4 Unouditedfinanci015tatement5 FDrthe yeorended31 December2022 Director'$ reportltontinued...) Re5 trustees The Board 15 responsible for preparinE the Financial Statements in aciordance with staternent5 are required by law toEive a trueand fairviewofthe State of affair5 of the company and of it5 incorninE re50urcesand application of re50urie5 of the cornpanyforthat period. In preparinEthe5efinancial 5tatement5. the tru5tee5 are required to.. Observe the methodsand prinriples in theCharitySOftP. frarneworkof Iharity law. The Board 15 respon5iblefor keeping properaicountinE record5 that dI￿105e with reasonable aicuracy atany timethefinancial p051tion ofthe iompany and enable thern to ensure thatthe financial statement5 cornply with the Cornpanie5 Ait 2006 nd theCharitie5 Ait 2011. Thry are a150 respon5iblefor 5afeguardingthe as5et5 of the Cornpanyand hencefortaking reasonable 5tepsforthe prevention and detection of f￿ud The report ha5 been prepared in accordance with the 5perial provi5ionsof Part 15 of the Cornpanie5 Act. Thi5 reportwasapproved bythe Board Dn. on its behalf by'.- l.Mi115 Cornpanysecretiry Canolfan Ceiriog Centre Cyf Unouditedfinanci015tatements FDrthe yeorended31 Decefftber2022 Page 3 IntomÈStstÈment (Prtsfitand loss) Incornes 31-Der-21 ExerciselSport5Clubs Non Sport5 Societie5 Young People Private Room Hire Public Room Hire Cafe TennisCourt5 3,827 1.210 i.oio 5,609 140 2,322 60 137 1,339 356 1,706 13,396 Events Grant5 and Donation5 Icorel S.291 2.967 1,493 3,484 2,280 9,959 Total Iniome 37,943 21,fA3 ENpenditure5 Exerciselsportsclubs Non Sport5 Societie5 YounE People Private Room Hire Public Room Hire Cafe TennisCourt5 Events Grant5 and Donation5 Icorel BuildinE Admin & Salarie5 Staff and Ernployement 134 9,128 2,287 6,123 1,876 10,405 17,539 15,684 14,269 43,195 34,258 -5.253 -12,615 The notes on paEe5 5 to 7form an integral part of these atcounts Canolfan Ceiriog Centre Cyf Unouditedfinanci015tatements FDrthe yeorended31 Decefftber2022 Page 4 Statemtnt of Financial POS￿0Th IBalancÈshÈttl 31-Dec-22 31-Der-21 Fixed assets (note41 686,531 687,127 Currenta55ets Debtor5 Inote Sl Current bank balance 2,077 4,151 1,817 3,586 ftin4 Fenceacrount bank balance fte5erve Aicount Pettycash 35,064 1,579 1,308 38,Ml 787 603 Creditots Inote 61 -245D Neta5Sets 728,260 731,921 Represented by Re5erve5 Inote 71 35,064 38,Ml Fortheyeirending 31 December 2022 the company was entitled to exernption frorn audit under 5ertion 477 of the CornpaniE5 Act 2006 relatinE to small iompanies. the rnembers have not required the rompanyto obtain an auditof its accountsforthe year Artwith re5peitto accounting recordsand the preparation of account5 these account5 have been prepared in accordanie with the provi5iOn5applicable to cOtnpanie5 5ubjertto the small companies. regime. The5efinaniial 5taternent5 have beEn prepared in aicordancewith the sp￿la1 provi5ion5 for5mall iompanie5 underpart IS of theCompanie5Act 2006 and with the Financial Reporting Standard for Stnaller Entitie5 leffert￿e April 20081 The finanrial staternent5 were approved bythe Board of DirectorsITtuSteeSaTrd signed on it5 behalf by'.- Mr.T.BatesChair ofTru5teeS Cornpany registration nurnber 4984871 The notes on paEe5 5 to 7form an integral part of these accounts Canolfan Ceiriog Centre Cyf Unouditedfinanci015tatements FDrthe yeorended31 Decefftber2022 Page S NtstÈ$tothÈfinan¢ial stattmènts l Arcountin AtttJurJtirJ9 t¢>nvÈntiO These financial 5taternent5 are prepared in aciordance with the provi5ionsapplicable to companie5 5ubjeitto the Small companies re4irne and in aciordanie with the provi5ionsof FRS102 section IA- Small entitie5. The Statementof R￿QM￿ended Prartice ISORPI 'kcountin4 and Reporting by Charitie5' isa150 adopted. Incorne with re5trirtion5 imposed 15 allorated to a Restricted Fund and matrhed with the expEnditure. CapitalErants are allocated toa Restricted Fund and matrhed with the depreciation on the related assets purchased with the grant. Ttsy)9iblefved&ssetStsJ>ddÈprÈOÈltiO Depreciation 15 provided at ratescaliulated to writeoff the r05t le5S residual valueof earh o depreriation Sport5 equipment Cornputer &office equipment The cotnpany is exemptfrorn CorPD￿tion Tax asall of its inrome 15 used fortharitable purp05e5. e￿tin The operating5urplu5ldeficit iS5tated bEforecharginE'. 31-Der-22 31-Der-21 Depreciation owned a55et5 Directorf5 remuneration and other bEnefit5 Auditorfees 596 679 A Bu5ine5s Proteition G￿rnt of £5,000 lunre5trictedl wa5 received frorn Wrexharn Borough Council during QI and Q2. Thi5Erant ha5 been entered a5 Capital Inrrease to the reserve acrount Canolfan Ceiriog Centre Cyf Unouditedfinanci015tatements FDrthe yeorended31 Decefftber2022 Page 6 NtstÈ$tothÈfinan¢ial stattments IttsntinuÈdl 4 Fixed assets Sports FiNture5 & equiprne Cornputer & Office Centre Cost At Ilanuary2022 650,000 35,925 25,050 18,127 4,713 733,815 650,000 35,925 25,050 18,127 4,713 733,815 At Ilanuary2021 Charge fortheyear 24,613 596 18,128 4,613 46,675 596 At Ilanuary2022 25,209 18,128 4,613 47,271 NÈtbookvtsluÈ At 31 Dec 2021 650,000 35,925 1,202 687,127 At 31 Dec 2022 650,000 35,925 606 686,531 AcapitalErantwas rereived from the Big Lottery Fund toward5the buildingcost5 of the completion ofthe buildingwork. The building workwascornpleted in 2007. in 2M7. The Company ha5 3 60year lease on the land on whirh the Canolfan Centre building stands from Wrexham County Borough Council fora peppercorn rent. 5 Debtor5 31-Dec-22 31-Der-21 Prepayments Ttsde debtors 2,077 2,077 31-Dec-22 31-Der-21 Arcrua15 T￿de Creditors 2,450 2,450 Canolfan Ceiri09 Centre Cyf Unouditedfinanci015tatement5 FDrthe yeorended31 December2022 Page 7 NtstÈ$tothÈ financial stattmÈnts IttsntinuÈdl 7 Re5etveS Policy The cotnpany ha5eStabli5hed a reserves polirywhich requiresthat a rninirnutn of £16,0￿ will be retained on re5etve to coverfuture ttsding requirements. 8 Related rtie5 The cotnpany is managed bytheTru5tee51 Directorsa5 listed within thecompany During the year no payments were tnade tothe director5 in respECt of servicesortravel expense512021,. nill 9 Inde endent Exatnination of the5eAcrounts These accounts have bEen independentty exatnined by Mr. T. Dean of Coed-y-Glyn Urhaf LL20 7NP. MrDean ha5 reported to the Trusteesthat he ha5 reviewed these accountsand that the finanrial contained herein have bEen derived from the aicountinE record5. He a150 reported that the the financial 5taternent5 areof the required formatand that he is unaware of anycirrumstance5 which would cause coniern.