||||Page||
|---|---|---|---|---|
|Report ofthe|Trustees|1|to|9|
|Independent|Examiner's
Report||10||
|Statement of|Financial Activities||||
|Statement of|Financial Position||12||
|Statement of|Cash Flows||13||
|Notes to the|Statement ofCash Flows||14||
|Notes to the|Financial Statements|15|to|23|
|Detailed Statement ofFinancial Activities||24|to|25|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|E||6||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legades|||2|78,749|329,394|408,143|310,229|
|Other trading
activities|||3|71,558||71,558|31,582|
|Total||||150,307|329,394|479,701|341,811|
|EXPENDITURE ON||||||||
|Raising funds|||||||13,912|
|Charitable
activities||||||||
|General||||166,077|296,721|462,798|428,217|
|Total||||166,077|296,721|462,798|442,129|
|NET INCOMEI(EXPENDITURE)||||(15,770)|32,673|16,903|(100,318)|
|Other recognised
gains)(losses)||||||||
|Gains/(losses)
on revaluation|of|fixed assets|||(2,215,909)|(2,215,909)||
|Net movement
in funds||||(15,770)|(2,183,236)|(2,199,006)|(100,318)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought forward||||264,889|3,480,563|3,745,452|3,845,770|
|TOTAL FUNDS CARRIED|FORWARD|||249,119|1,297,327|1,546,446|3,745,452|
##
##
||Statement of Financial Position|Statement of Financial Position||||
|---|---|---|---|---|---|
||31 March 2023|||||
|||||31.3.23|31.3.22|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|8||8|E|
|FIXEDASSETS||||||
|Tangible assets|11|35,032|955,123|990,155|3,200,855|
|CURRENT ASSETS||||||
|Debtors|12|30,897|45,200|76,097|75,226|
|Cash at bank||193,964|297,004|490,968|478,329|
|||224,861|342,204|567,065|553,555|
|CREDITORS||||||
|Amounts
falling due within one year|13|(10,774)||(10,774)|(8,958)|
|NET CURRENT ASSETS||214,087|342,204|556,291|544,597|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|249,119|1,297,327|1,546,446|3,745,452|
|NET ASSETS||249,119|1,297,327||3,745,452|
|FUNDS|14|||||
|Unrestricted
funds||||249,119|264,889|
|Restncted funds||||1,297,327|3,480,583|
|TOTALFUNDS||||1,546,446|3,745,452|
##
|||Statement ofCash Flows|||
|---|---|---|---|---|
|||for the Year En ed 31 March|2023||
||||31.3.23|313.22|
|||Notes||F|
|Cash flows from operating|activities||||
|Cash generated
from operations|||59,349||
|Net cash provided
by operating
activities|||59,349|7,403|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(46,710)|(117,011)|
|Sale ofintangible
fixed assets|||(8,100)||
|Sale oftangible
fixed assets|||8,100||
|Net cash used
in investing
activities|||(46,710)|(117,011)|
|Change
in cash and cash equivalents||in|||
|the reporting
period|||12,639|(109,608)|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||478,329|587,937|
|Cash and cash equivalents|at the end|of|||
|the reporting
period|||490,968|478,329|
##
##
##
|ACTIVITIES|||||||
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
||||||6|E|
|Net income/(expenditure)||for the reporting|period (as per the||||
|Statement ofFinancial Activities)|||||16,903|(100,318)|
|Adjustments
for:|||||||
|Depreciabcn
charges|||||33,401|69,860|
|Loss on disposal offixed assets|||||8,100||
|(Increase)/decrease|in debtors||||(871)|47,804|
|Increase/(decrease)|in creditors||||1,816|(9,933)|
|Net cash provided|by operations||||59,349|7,403|
|ANALYSIS OF CHANGES||IN NET FUNDS|||||
|||||At 1.4.22|Cash flow|At31.3.23|
||||||E|6|
|Netcash|||||||
|Cash at bank||||478,329|12,639|490,968|
|||||478,329|12,639|490,968|
|Total||||478,329|12,639|490,968|
##
##
##
##
##
##
##
##
##
##
|DONATIONS
AND L|EGACIES||||||
|---|---|---|---|---|---|---|
||||||31.3.23|313.22|
||||||5|E|
|Donations|||||20,000|130|
|Grants|||||388,143|310,099|
||||||408,143|310,229|
|Donations
in the year|total 620,000 from Samworth
Brothers Ltd, Charity Challenge.||||||
|Grants received,
included
in the||above, are|as follows||||
||||||31.3.23
f|31.3.22|
||||Emergency
Winter Food Bank||||
|Aldi|||Fund||1,000||
|Feeding
Britain|||Community
Food Fund||3,500||
|Future Valleys Construction
Merthyr|||Communities
Initiative|Funding|900||
|Merthyr
Tydfil CBC|||Youth Services||78,994|75,000|
|Merthyr
Valley Homes|||Wellbeng||20,000|45,000|
|Merthyr
Valley Homes|||ITSupport|||7,680|
|The Moondance
Foundation|||Moondance
Covid-19|Relief Fund|12,750|8,400|
|Ffos Y Fran|||Large Grants Scheme||23,200|500|
|Ffos YFran 2||||||5,000|
|South Wales Police and Cnme|||||||
|Commissioner's
victim|Fund||Wellbeing
Sessions|||2,206|
|Voluntary
Action
Merthyr
Tydfil|||Wellbeing
for Staff|||1,494|
|Postcode Community|Trust||||25,000|19,674|
|BBCChildren
m Need|||Money Heros Programme|||1,000|
|RDP||||||21,735|
|The National
Lottery Community||Fund|Awards
for all|||10,000|
||||Integrating
Care Fund|for|||
|Voluntary
Action
Merthyr
Tydfil|||Dementia||15,000|9,500|
|Voluntary
Action
Merthyr
Tydfil|||Loneliness
and Isolation||1,401|2,344|
|Voluntary
Action
Merthyr
Tydfil|||Feeding
Britain||1,428||
|Voluntary
Action
Merthyr
Tydfil|||Winter Pressures|||1,882|
|Merthyr
Tydfil Housing|Assoc||Fit and Fed||3,307|375|
|Merthyr
Tydfil County|Borough|Councl|Capital Food Poverty|||6,475|
|Merthyr
Tydfil County|Borough|Councl|Intergenerational
Outdoor Project|||500|
|Merthyr
Tydfil County|Borough|Council|Match Winter Pressures|||2,470|
|Merthyr
Tydfil County|Borough|Council|Play Provision|||5,000|
|Merthyr
Tydfil County|Borough|Council|Revenue Food Poverty Grant|||3,000|
|Merthyr
Tydfil County|Borough|Counol|SETSCapital Grant|||21,422|
|Merthyr
Tydfil County|Borough|Council|Youth Winter Wellbeing|||4,500|
|Merthyr
Tydfil County|Borough|Council|Playfest||807||
|Merthyr
Tydfil County|Borough|Council|Summer of Fun||9,500||
|Merthyr
Tydfil County|Borough|Coundl|Equality and Diversity|Project|1,800||
|Merthyr
Tydfil County|Borough|Council|Cost of Living Crisis Support||5,818||
||||School Holiday Play Provision||||
|Merthyr
Tydfil County|Borough|Coundl|2023||3,000||
|Merthyr
Valley Homes|||Food Prosperity
Fund||3,000||
||||Helping
Everyone Eat|better|||
|Sainsbury's|||Community
Grant Fund||500||
|Tesco Community
Grant|||||1,500||
|Nabonai
Grid Electncity
Distribuiion|||Community
Matters Fund||10,000||
|The Julia and Hans Reusing Trust|||The Foodbank Fund||11,590||
|Gwendoline 8Margaret
Device||Chanty|||9,800||
|The Nabonal
Lottery Communily||Fund|Cost of Living support||99,875||
|Monmouthshire
Building Society|||Monmouthshire
Building Sociely||||
|Charitable
Foundation|||Charitable
Foundation||1,820||
|Marks and Spencer|||Gifting Grants||1,000||
##
##
##
||Edward
Gostling
Foundation||||10,000||
|---|---|---|---|---|---|---|
||BBCChildren
in Need|Cost of Living Support|||500||
||Garfield Weston
Foundation||||25,000||
||Lloyds Bank Foundation|Cost of living||uplift|2,250|25,000|
||T K Maxx|||||50Q|
||Kick Start|||||1,000|
||Welsh Government|Food Poverty Grant||||14,400|
||Welsh Government|Household|goods|||2,042|
||Welsh Government|Household|Support Grant||3,903||
||Western
Power Distribution|Community||Matters||10,00Q|
||Youth Cymru|||||2,000|
||||||388,143|310,099|
|3.|OTHER TRADING ACTIVITIES||||||
||||||31.3.23|31.3.22|
||Other income||||71,558|31,582|
|4.|RAISING FUNDS||||||
||Other trading activities||||||
||||||31.3.23|31.3.22|
||Purchases|||||13,912|
|5.|CHARITABLE ACTIVITIES COSTS||||||
||||||Support||
|||||Direct|costs (see||
|||||Costs
f|note 6)
F|Totals|
||General|||458,187|4,611|462,798|
|6.|SUPPORT COSTS||||||
||Governance costs||||2023||
||Audit fees|||||8,958|
|7.|NET INCOMEI(EXPENDITURE)||||||
||||||31.3.23|31.3.22|
||Depreciation
-owned assets||||33,401|69,850|
##
##
##
##
##
|||31.3.23|31.3.22|
|---|---|---|---|
|Gross|Wages|219,176|197,366|
|Sonal|Secunty|18,822|14,780|
|||237,998|212,146|
##
|The average
monthly
number ofem|The average
monthly
number ofem|ployees
dunng the year w|as 15(2022. 14).|||
|---|---|---|---|---|---|
|No employees
received emolumenls||in excess of860,000.||||
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
||||Linrestncted|Restncted|Total|
||||funds
8|funds
f|fundsf|
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legaaes|||61,631|248,598|310,229|
|Other trading
activities|||31,582||31,582|
|Total|||93,213|248,598|341,811|
|EXPENDITURE ON||||||
|Raising funds|||5,698|8,214|13,912|
|Charitable
activities||||||
|General|||144,698|283,519|428,217|
|Total|||150,396|291,733|442,129|
|NET INCOME/(EXPENDITURE)|||(57, 183)|(43,135)|(100,318)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought fonvard|||322,073|3,523,697|3,845,770|
|TOTAL FUNDS CARRIED FORWARD|||264,890|3,480,562|3,745,452|
##
##
##
##
|TANGIBLE FIXEDASSETS|||||||
|---|---|---|---|---|---|---|
|||Freehold||Short|Plant and||
|||property
8|leasehold
6||machinery|Totals
f|
|COST ORVALUATION|||||||
|At 1 April 2022||3,255,427||10,000|59,648|3,325,075|
|Additions|||||46,710|46,710|
|Disposals||||(10,000)|(35,194)|(45,194)|
|Revaluations||(2,283,427)||||(2,283,427)|
|At 31 March 2023||972,000|||71,164|1,043,164|
|DEPRECIATION|||||||
|At 1 Apdil 2022||67,516||1,900|54,802|124,220|
|Charge for year||19,300|||14,101|33,401|
|Eliminated
on disposal||||(1,900)|(35,194)|(37,094)|
|Revaluation
adlustments||(67,518)||||(67,518)|
|At 31 March 2023||19,300|||33,709|53,009|
|NET BOOK VALUE|||||||
|At 31 March 2023||952,700|||37,455|990,155|
|At 31 March 2022||3,187,909||8,100|4,846|3,200,855|
|Cost or valuation
at 31 March 2023 is represented||by:|||||
||||Freehold||Plant and||
|||||property
f|machinery
8|Totals
6|
|Valuation
in 2022|||3,255,427||59,648|3,315,075|
|Valuation
in 2023|||(2,283,427)||11,516|(2,271,911)|
||||972,000||71,164|1,043,164|
|If Freehold Property had not been revalued|rt would|have been|included|at the following|historical|cost:|
||||||31.3.23|31.3.22|
||||||8||
|Cost||||3,255,427|||
|Aggregate
depreciation|||||67,518||
##
##
|Notes to the Financial Statements
for the Year Ended 31
arch|Notes to the Financial Statements
for the Year Ended 31
arch|Notes to the Financial Statements
for the Year Ended 31
arch|Notes to the Financial Statements
for the Year Ended 31
arch|-continued
2023|||
|---|---|---|---|---|---|---|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
||||||31.3.23|313.22|
|Trade debtors|||||76,097|75,226|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||||||31.3.23|31.3.22|
|Trade creditors|||||6,193||
|Accrued expenses|||||4,581|8,956|
||||||10,774|8,958|
|MOVEMENT
IN FUNDS|||||||
||||||Net||
||||||movement|At|
|||||At1 422|in funds|31.3.23|
||||||5||
|Unrestricted
funds|||||||
|General fund||||264,889|(15,770)|249,119|
|Restricted funds|||||||
|The National
Lottery Community|||Fund||95,299|95,299|
|Wellbeing
Centre||||3,409,167|(2,243,308)|1,165,859|
|BBCChildren
in Need||||48,300|(23,900)|24,400|
|Awards for All||||10,000|(10,000)||
|The Clothworkers'|Foundation|||8,096|(8,096)||
|MTCBC Capital food poverty|||||1,250|1,250|
|Ffos Y Fran Grant||||5,000|(5,000)||
|The Julia & Hans|Rauang|Trust|||10,519|10,519|
|||||3,480,563|(2,183,236)|1,297,327|
|TOTAL FUNDS||||3,745,452|(2,199,006)|1,546,446|
##
##
|Net movement
in funds,|included|included|included|in the above are as follows:|in the above are as follows:||||
|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Gains and|Movement|
||||||resources
f|expended
6|losses
6|in funds|
|Unrestricted
funds|||||||||
|General fund|||||150,307|(166,077)||(15,770)|
|Restricted funds|||||||||
|The Natonal
Lottery Community||||Fund|99,875|(4,576)||95,299|
|Wellbeng
Centre|||||1|(27,400)|(2,215,909)|(2,243,308)|
|Tesco Community
Grant|||||1,500|(1,500)|||
|BBCChildren
in Need||||||(23,900)||(23,900)|
|MTCBC Youth Services|||||78,994|(78,994)|||
|VAMT (Dementia)|||||17,829|(17,829)|||
|Awards for All||||||(10,000)||(10,000)|
|Moondance
Foundation|||||12,750|(12,750)|||
|The Clothworkers'
Foundation||||||(8,096)||(8,096)|
|MTCBC Play Provision|||||807|(807)|||
|Postcode Community
Trust|||||25,000|(25,000)|||
|MTCBC Capital food poverty|||||24,625|(23,375)||1,250|
|Ffos YFran Grant|||||23,200|(28,200)||(5,000)|
|Aldi|||||1,000|(1,000)|||
|Feeding
Bntain|||||3,500|(3,500)|||
|Future Valleys Construction|||Merthyr||900|(900)|||
|Gwendoline
&Margaret|Davies Chanty||||9,800|(9,800)|||
|MTCBC Equality
& Diversity|||Project||1,800|(1,800)|||
|Monmouthshire
Building|Sooety||||||||
|Charitable
Foundation|||||1,820|(1,820)|||
|National
Grid
—Community|||Matter|Funds|10,000|(10,000)|||
|Sainsburys
—Helping
Everyone Eat|||||500|(500)|||
|The Julia & Hans Reusing||Trust|||11,590|(1,071)||10,519|
|Welsh Government-
Household||||Support|||||
|Grant|||||3,903|(3,903)|||
||||||329,394|(296,721)|(2,215,909)|(2,183,236)|
|TOTALFUNDS|||||479,701|(462,798)|(2,215,909)|(2,199,006)|
##
##
##
##
|Comparatives
for|movement
in funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.421
f|in funds
f|31.3.22
f|
|Unrestricted
funds|||||
|General fund||322,073|(57,184)|264,889|
|Restricted funds|||||
|Wellbeing
Centre||3,375,501|33,666|3,409,167|
|BBCChildren
in Need||67,035|(18,735)|48,300|
|Awards for All||8,214|1,786|10,000|
|Merthyr Youth Service||1,222|(1,222)||
|WCVA Recovery||43,629|(43,629)||
|Climate Action Boost||20,000|(20,000)||
|The Clothworkers'|Foundation|8,096||8,096|
|Ffos Y Fran Grant|||5,000|5,000|
|||3,523,697|(43,134)|3,480,563|
|TOTAL FUNDS||3,845,770|(100,318)|3,745,452|
##
##
##
##
|Comparative
net move|ment
in fun|ds,
included
in the abo|ve are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||8|6|F|
|Unrestricted
funds||||||
|General
fund|||92,713|(149,897)|(57,184)|
|T K Maxx —Community|Fund Foundafion||500|(500)||
||||93,213|(150,397)|(57,184)|
|Restricted funds||||||
|Merthyr Valleys Homes|||10,000|(10,000)||
|Wellbemg
Centre||||33,666|33,666|
|BBCChildren
in Need|||1,000|(19,735)|(18,735)|
|MTCBC Youth Services|||75,000|(75,000)||
|VAMT (Dementia)|||15,220|(15,220)||
|Crime Commissioner's|Victims Fund||2,206|(2,206)||
|Awards for All|||10,000|(8,214)|1,786|
|Merthyr Youth Service
Moondance
Foundation|||8,400|(1,222)
(8,'400)|(1,222)|
|RDP|||21,735|(21,735)||
|WCVA Recovery|||(1)|(43,628)|(43,629)|
|Climate Action Boost||||(20,000)|(20,000)|
|MTCBC Youth||||||
||||4,500|(4,500)||
|Merthy
Tydfil Housing|Assoaation|- Fit and||||
|Fed Grant|||375|(375)||
|MTCBC Play Provision|||5,000|(5,000)||
|Postcode Community|Trust||19,674|(19,674)||
|Merthyr Valleys Home|ITSupport||7,680|(7,680)||
|Welsh Government
Food and Poverty||||||
|grant|||16,442|(16,442)||
|SETS Capital Grant MTCBC|||21,422|(21,422)||
|MTCBC Capital food poverty|||9,475|(9,475)||
|Western
Power Distribution|||10,000|(10,000)||
|Ffos Y Fran Grant|||5,500|(500)|5,000|
|Youth Cymru|||2,000|(2,000)||
|MTCBC Match Winter|Pressures||2,970|(2,970)||
||||248,598|(291,732)|(43,134)|
|TOTAL FUNDS|||341,811|(442,129)|(100,318)|
##
##
##
##
|||for the Year Ended 31|March 2023||
|---|---|---|---|---|
||||31323|31.3.22|
||||E|8|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations|||20,000|130|
|Grants|||388,143|310,099|
||||408,143|310,229|
|Other trading activities|||||
|Other income|||71,558|31,582|
|Total incoming
resources|||479,701|341,811|
|EXPENDITURE|||||
|Other trading activities|||||
|Consumables||||13,912|
|Charitable
activities|||||
|Wages|||219,176|197,365|
|Social secunty|||18,822|14,780|
|Preschool Wages|||66,819|66,835|
|Preschool Wages|(Recharged)||(66,819)|(66,835)|
|Equipment
hire|||962|12,287|
|Rent, rates and water|||754|290|
|Insurance|||7,528|6,882|
|Ught and heat|||5,167|1,790|
|Telephone|||2,640|2,197|
|Postage and stationery|||4,841|6,892|
|Sundries||||2,243|
|Travel and subsistence|||7,967|6,226|
|Computer
ITcosts|||11,714|5,927|
|Activities|||58,189|47,809|
|Repairs and maintenance|||49,349|7,127|
|Management
fees||||11,377|
|Pensions|||23,277|17,506|
|Consumables|||6,300||
|Freehold
property|Depreciation||19,300|64,969|
|Leasehold
depreciation||||200|
|Plant 8 machinery|depreciation||14,101|4,680|
|Loss on sale of intangible||fixed assets|8,100||
||||458,187|410,547|
|Support costs|||||
|Finance|||||
|Bank charges|||30|30|
|Governance costs|||||
|Auditors'
remuneration||||8,958|
|Accountancy fees|||4,581|882|
|Carried forward|||4,581|9,840|
##
|||Detailed Statement of Financial Activities|||
|---|---|---|---|---|
|||for the Year Ended 31March 2023|||
||||31323f|31.322|
|Governance|costs||||
|Brought forward|||4,681|9,640|
|Legal fees||||7,800|
|||||17,640|
|Total resources|expended||462,798|442,129|
|Net incomel(expenditure)|||16,903|(100,318)|