2021-03-31-accounts - Enfys Foundation

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COMPANY REGISTRATION NUMBER 4638265

ENFYS FOUNDATION

FINANCIAL STATEMENTS

31 MARCH 2021

Charity Number 1105315

ENFYS FOUNDATION

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

CONTENTS	PAGE(S)
Trustees Annual Report	1 - 3
Independent examiner's report to the members	4 - 5
Statement of financial activities (incorporating the
income and expenditure account)	Section A
Balance sheet	Section B
Notes to the financial statements	Section C

ENFYS FOUNDATION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 MARCH 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name ENFYS FOUNDATION Charity registration number 1105315 Company registration number 4638265

Registered office 4 Queen Street Neath SA11 1DL

The trustees

The trustees who served the charity during the period were as follows:

Mr G Shiels Ms Claire Peach Ms Sally Manthorpe Mr Alex Greig Mr Nicholas Mordecai Ms Caroline Ashwood

Secretary G Shiels

Bankers Lloyds Bank 29 The Kingsway Swansea SA1 5LA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 15 January 2003 and commenced activities on 1 July 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In accordance with section 30(2) of the Companies Act 1985, the company is exempt from the requirements of the Companies Act 1985 to include "limited" as part of its name.

Recruitment and Appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law. Any significant decisions need to be approved at Trustees meetings.

- 1 -

ENFYS FOUNDATION

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MARCH 2020

OBJECTIVES AND ACTIVITIES

Principal Activities

Enfys foundation is a charity registered with the Charities Commissioners. The Principal activity of the company in the period under review was that of the relief of financial hardship and ill-health by the provision of practical assistance, primarily furniture.

The objective is:

The relief of financial hardship in particular, but not exclusively, of people who are homeless, on low income, or in a vulnerable situation, by the provision of practical assistance including low cost or donated furniture.

ACHIEVEMENTS AND PERFORMANCE

Covid meant that our charity shops were closed for most of the year, but our expectation was that demand for our services would grow as restrictions eased, especially when the job retention scheme ended. We needed a warehouse and also new management as the founders planned to retire. Gary Shiels became CEO and implemented a rebrand, new premises and some new staff & trustees. Enfys Reuse & Restore is a trading name that better reflects what we do.

We obtained new premises in Swansea Enterprise Park which were offices. We converted a large open plan space to be a showroom so that our beneficiaries can come and choose furniture in an environment that is professional, warm and welcoming, where they do not feel like a “charity case”. This was driven by one of our key values of providing dignity to those we help.

A number of grant providers kindly supported us in our endeavours, and we are extremely grateful for their support:

Voluntary Services Recovery Fund (WCVA)
Garfield Weston
Moondance Foundation
National Lottery Awards for All

- 2 -

ENFYS FOUNDATION

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MARCH 2020

FINANCIAL REVIEW

The accounts have been prepared in accordance with the Statement of Recommended Accounting Practice (SORP FRS102) which is a new format and more detailed than SORP 2005.

The accounts also show income and expenditure split between unrestricted and restricted funds as defined by the SORP. Certain notes to the accounts have been expanded to give information required by the SORP. In addition, the accounts also comply with the general statutory requirements and the governing document of the charity.

PLANS FOR FUTURE PERIODS

We plan to build stronger relationships with the partner agencies who use our services and continue to aim to become self-sustaining.

INDEPENDENT EXAMINER

Ms Laura Dwyer

Registered office: 4 Queen Street Neath SA11 1DL

Signed by order of the trustees

G SHIELS Charity Secretary

........................

- 3 -

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name Enfys Foundation	Charity Name Enfys Foundation	Charity Name Enfys Foundation

31stMarch 2021	Charity no (if any)	1105315

(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2021. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have
examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Please delete the words in the brackets if they do not apply.

Signed: Name: Relevant professional qualification(s) or body (if any):		06/12/2021

	Laura Michelle Dwyer

	CIMA

Address: 20 Heol Stradling, Parc Derwen, Coity, Bridgend, CF35 6AN

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Enfys Foundation	Enfys Foundation	Enfys Foundation	Charity No (if any)	1105315
Annual accounts for the period
Period start date	01/04/2020	To	Period end date	31/03/2021

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
127,423	75,181	-	202,604	-
35,402	-	-	35,402	183,400
	-	-	-	-
-	-		-	-
-	-	-	-	-
11,760	-	-	11,760	-
174,585	75,181	-	249,766	183,400

82,786	-	-	82,786	139,701
44,968	-	-	44,968	37,393
	-	-	-	-
14,163	-	-	14,163	10,387
141,918	-	-	141,918	187,482

32,667	75,181	-	107,848	4,083 -
-	-	-	-	-
32,667	75,181	-	107,848	4,083 -
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
32,667	75,181	-	107,848	4,083 -

14,960	-	-	14,960	19,042
47,627	75,181	-	122,808	14,960

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
3,392	-	-	3,392	4,532
-	-	-	-	-
-	-	-	-	-
3,392	-	-	3,392	4,532

-	-	-	-	-
4,146	-	-	4,146	-
	-	-	-	-
50,793	75,181	-	125,974	59,712
54,939	75,181	-	130,120	59,712

10,704	-	-	10,704	49,285

44,235	75,181	-	119,416	10,427

47,627	75,181	-	122,808	14,960

-	-	-	-	-
-	-	-	-	-

47,627	75,181	-	122,808	14,960

-			-	-
	75,181	-	75,181	-
47,627			47,627	14,960
			-	-
47,627	75,181	-	122,808	14,960

Signature		Print Name		Date of approval dd/mm/yyyy
		Gary Shiels		06/12/2021

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with ü their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS • and with ü 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

Net Current Assets are the highest that they have been for many years, £100k higher than last year.

Not Applicable Not Applicable

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

Yes No	ü	* -Tick as appropriate
	ü

Please disclose:

(i) the nature of the change in accounting policy;

(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes No	ü	* -Tick as appropriate
	ü

Please disclose:

(i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No *Please disclose:*	ü	* -Tick as appropriate	* -Tick as appropriate
	ü

*(i) the nature of the prior period error;*
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü

Yes No N/a	Yes No N/a	Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a


ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a

	Investments held for resale or pending their sale and cash and cash equivalents with a
	maturity date of less than 1 year are treated as current asset investments
Stocks and work in	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
progress	realisable value.
	Goods or services provided as part of a charitable activity are measured at net realisable value
	based on the service potential provided by items of stock.
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
	Debtors (including trade debtors and loans receivable) are measured on initial recognition at
Debtors	settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
	they are measured at the cash or other consideration expected to be received.
	The charity has has investments which it holds for resale or pending their sale and cash and cash
Current asset investments	equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to
	meet short term cash commitments as they fall due.
	They are valued at fair value except where they qualify as basic financial instruments.

ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü
Yes No N/a
ü	ü	ü

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Donations andgifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donatedgoods,facilities and services Other Total Charity Shop Sales & Contributions Other Total Insurance Proceeds Received Other Total Interest income Dividend income Rental and leasingincome Other Total Total Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual propertyrights Other Total Other information: Analysis Donations and legacies: Charitable activities: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income:	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations andgifts		75,181	-	75,181	-
	Gift Aid		-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	127,423	-	-	127,423	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	127,423	75,181	-	202,604	-

	Charity Shop Sales & Contributions	35,402			35,402	183,400
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	35,402	-	-	35,402	183,400

	Insurance Proceeds Received	11,760	-	-	11,760	-
			-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	11,760	-	-	11,760	-

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		174,585	75,181	-	249,766	183,400

All income in the prior year was unrestricted except for: (please provide description and amounts)		Not Applicable
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.


Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		Government Grants Job Retention Scheme: £69,000 Covid Rates Grant: £58,422.91 Grants (Restricted) Voluntary Services Recovery Fund: £40,181 Garfield Weston: £15,000 Moondance Foundation: £10,000 National Lottery Awards for All: £10,000

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Description	This year Last year £ £	This year Last year £ £
Job Retention Scheme	58,423	-
Covid Rates Grants	69,000	-
	-	-
	-	-
Total	127,423	-

None

None

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
Incurred seeking donations	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-
Incurred seeking grants	-	-	-	-	-
Operating membership schemes and social lotteries	-	-	-	-	-
Staging fundraising events	-	-	-	-	-
Fudraising agents	-	-	-	-	-
Operating charity shops	82,786	-	-	82,786	139,701
Operating a trading company undertaking non-charitable trading activity	-	-	-	-	-
Advertising, marketing, direct mail and publicity	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-
Database development costs	-	-	-	-	-
Other trading activities					-
Investment management costs:	-	-	-	-	-
Portfolio management costs	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-
Investment administration costs	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-
	-	-	-	-	-
Total expenditure on raising funds	82,786	-	-	82,786	139,701

	44,968	-	-	44,968	37,393
		-	-	-	-
		-	-	-	-
		-	-	-	-
Total expenditure on charitable activities	44,968	-	-	44,968	37,393

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

Other

Governance & Accounting	14,163	-	-	14,163	10,387
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
RE Total other expenditure	14,163	-	-	14,163	10,387

	141,918	-	-	141,918	187,482

TOTAL EXPENDITURE

Other information:

Analysis of expenditure on charitable activities

Activity or programme	Activities undertaken directly	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	*Total prior* *year*
	£		£	£	£	£
Charity Shops	Central Costs that support all activities			44,968	44,968	37,393
					0	0
					0	0
					0	0
Other
Total		0	0	44,968	44,968	37,393

Prior year expenditure on charitable activities can be analysed as follows:

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)		There are no material items to disclose.

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

*Please provide details of the amount paid for any statutory external scrutiny of accounts* *and other services provided by your independent examiner. If nothing was paid please* *enter '0' in the appropriate box(es).*
Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	0	0
	0	0
	0	0
	0	0

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme)	This year £	Last year £
	97,826	87,060
	-	-
	2,281	2,174
	-	-
	100,108	89,234

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Not Applicable

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

TRUE

Band	Number of employees
£60,000 to £69,999	0
£70,000 to £79,999	0
£80,000 to £89,999	0
£90,000 to £99,999	0
£100,000 to £109,999	0

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	6	6
Governance	-	-
Other	-	-
Total	6	6

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.	£2,281
	NEST Workplace scheme

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
-	-	176,629		176,629
-	-	-		-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	176,629	-	176,629

14.2 Depreciation and impairments

SL or RB	SL or RB	SL	RB	SL or RB

- - 173,237 173,237 - - - - - - - - - - - - - - - - - - - 173,237 - 173,237 - - 3,392 - 3,392 - - 3,392 - 3,392
-	-	3,392	-	3,392
-	-	3,392	-	3,392

14.4 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied and significant assumptions

the carrying amount that would have been recognised had the assets been carried under the cost model.

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used.

(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.

(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB =

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

*Please complete this note if the charity has any debtors* *or prepayments.*
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	0	0
	0	0
	4,146	0
	4,146	0

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)
Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	0
	-	0
	-	0
	-	0
	-	-

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
	-		-
	-		-
4,811	16,172		-
	-		-
11,584	35,939		-
-5,690	-9,826		-
-	-		-
10,704	42,285	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Please provide:

- a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments;

None as accruals are for specific bills of a known value (i.e. just timing differences), primarily FCC, our partner at our Briton Ferry site

- an indication of the uncertainties about the amount or No uncertainty timing of those outflows; and

- the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.

21.2 Movements in recognised provisions and funding commitment during the period

----- Start of picture text -----
This year Last year
£ £
-
Balance at the start of the reporting period
-
Amounts added in current period
-
Amounts charged against the provision in the current period
-
Unused amounts reversed during the period
Balance at the end of the reporting period - -
----- End of picture text -----

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).

n/a

21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.

n/a

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	125,974	59,712
	-	-
	125,974	59,712

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

The Charity has no financial instruments. None

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Unrestricted Funds	UR		14,960	174,585	-141,918	-	-	47,627
Restricted Funds	R	Various grants	-	75,181	-	-	-	75,181
								-
								-
								-
								-
								-
								-
								-
								-
*Other funds*	N/a	N/a						-
Total Funds			14,960	249,766	- 141,918	-	-	122,808

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Unrestricted Funds	UR		19,042	183,400	-187,482	-	-	14,960
								-
								-
								-
								-
								-
								-
								-
								-
								-
*Other funds*	N/a	N/a						-
Total Funds			19,042	183,400	- 187,482	-	-	14,960

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

	Reason for transfer and where endowment is converted to income, legalpower for its conversion	Amount
Between unrestricted and restricted funds	Not Applicable
Between endowment and restricted funds
Between endowment and unrestricted funds

27.4 Designated funds

27.4 Designated funds
Planned use	Purpose of the designation	Amount
	Not Applicable

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

FALSE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
		This year				Last year
		Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
		£	£		£	£
Gary Shiels	Governing Document	6000				9000
						0
						0
						0

Please give details of why remuneration or other employment benefits were paid.

The accounts used to be carried our by an external company, but the service was poor. Gary Shiels is an accountant with 30 years experience, and he agreed to carry out these tasks at the same rate as the external company, and prepare the year end accounts at no charge

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)		*TRUE*

Type of expenses reimbursed	This year	Last year
	£	£
Travel		0
Subsistence		0
Accommodation		0
Other (please specify):		0

TOTAL	0	0

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

*provided.*	*provided.*	*provided.*	*provided.*	*provided.*	*provided.*
There have been no related party transactions in the reporting period (True or False)						*TRUE*

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end		Amounts written off during reporting period
			£	£	£		£

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.