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2021-12-31-accounts

.:

REGISTERED COMPANY NUMBER: 03958840 (Wales) REGISTERED CHARITY NUMBER: 1114492

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

AWEL AMAN TAWE

Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

AWEL AMAN TAWE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page
Repor of the Trustees to4
Report of the Independent Auditors 5
to7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12
to25
Detailed Statement of Financial Activities 26

AWELAMAN TAWE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

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

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable company is a non-profit making organisation whose objectives are:

The charitable company's income derives from contracts and grants from local and central government, charitable trusts, donations and trading activities.

Page 1

AWELAMAN TAWE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

ACHIEVEMENT AND PERFORMANCE Charitable activities Annual Report - 2021

The overall aims of Awel Aman Tawe (AAT) are to tackle climate change in Wales and enable local regeneration in the Upper Swansea and Amman Valley. To help achieve this, we:

2021 has been a very busy and successful year for Awel Aman Tawe, and our two co-ops, building on the recognition we received in 2019 as 'UK Environmental Organisation of the Year' in the Social Enterprise UK Awards. In 2021, Egni won The National's Environmental Award in the Community Organisation category.

As noted in the Accounts, our income has gone up significantly in 2001 due to the Hwb y Gars capital refurbishment. Trustees recognise that whilst we show a balance of £1,198,983 at year end, we expect most of this money to be spent on the refurbishment of Hwb y Gars during 2022

Key developments have been the appointments of Deputy Manager and Education Officer in mid 2021 - both have already greatly strengthened our work.

We have a strong reputation for delivery of education, arts and engagement. We have set up two co-ops:

-Awel Co-opi, is a 4.7MW community wind farm which was commissioned in Jan 2017. It was funded by a £5.25m loan from Triodes Bank and a £3m community share offer. www.awel.coop

-Egni Co-op has 4.3 MWp of rooftop solar on 88 community buildings, businesses and schools in Wales. It is now the largest rooftop solar co-op in the UK and is described in more detail below www.egni.coop

-Combined, the two co-ops reduced carbon dioxide emissions by more than 4,000 tonnes and supplied the equivalent of more than 4,000 homes in 2021.

Engage people in climate change action

-We have nearly 1500 members in our co-ops. We have also over 50 schools and community groups who are members and they own over £1 00k of the shares, giving them a sustainable income stream. We estimate that there are over 50,000 people in these groups which now co-own the Awel and Egni Co-ops. Members include the local rugby and football clubs, over 40 schools, Merched y Wawr, local Food Banks and the Friends of Pontardawe Arts Centre. -Education: during 2021, we employed a full time Education Officer, Jen James who has developed a very exciting of programme of work 'We are Energy Warriors'. This engages 40 schools with Egni solar panels and those close to Awel Co-op's wind farm in a range of sustainability and carbon reduction activities. It builds on our partnership with another charity, Energy Sparks and the STEM Ambassadors programme. Energy Sparks w .energysparks.uk have an educational portal for schools which displays electricity, gas and solar generation data in an accessible way, with a range of educational materials. Examples of the fun activities are the energy raps which can be seen on Awel Aman Tawe's Youtube channel - they are produced via a workshop with a professional rapper, Mr Phormula, who is able to work in both Welsh and English.

Tackle fuel poverty

-Egni Co-op: there was an enormous expansion of Egni's work in 2020 and 2021. We now have 88 sites across Wales with 4.3 MWp of capacity. These sites save about £108k/year in electricity costs and reduce annual carbon emissions by over 1,000 tonnes/year. Many of our community buildings played a key role during the COVID pandemic providing foodbanks and other support.

-We hope to develop fuel poverty/energy efficiency advice services for domestic households in the future depending on funding and our capacity. We are aiming to integrate this support within the Hwb y Gars development. Other projects

-We have secured planning permission for a ground mounted solar farm next to our turbines on the Gwrhyd. The solar would share the grid connection with our existing wind farm and we have secured agreement that we can install upto 3MW of solar under our grid connection agreement which is three time what was originally offered by Western Power Distribution. We are now securing additional agreements and developing the financial model.

-We are also assessing the feasibility of developing 3 additional wind turbines on the Gwrhyd with a capacity of 9MW.

-We are working with a commercial developer ESB/Coriolis to secure upto a 20% shared ownership community stake in Y Bryn windfarm near Port Talbot. We are working with Neath Port Talbot CVS and Bridgend Association for Voluntary Organisations (SAVO) on the shared ownership element https://www.ybryn-windfarm.cymru/

Job Creation

-Job creation: we've increased our team from six to nine staff

Page 2

AWELAMAN TAWE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

-Hwb y Gars: we started refurbishment of the former Cwmgors Primary School in January 2021 and aim to develop it as zero carbon education, arts and enterprise centre. The project is being led by our co-founder, Emily Hinshelwood. We've secured over £1 m of capital funding towards the refurbishment costs. We have installed 90kW of solar and a 50kW ground source heat pump. We are engaging the community through a range of community arts projects using textiles, stained glass and tilemaking, drawing on local heritage. The work will then be installed within Hwb y Gars. Progress can be seen on our hwbygors Facebook page.We aim to create further employment in the centre as it develops.

Donors

We would like to thank all our donors and the public for their support in 2021.

FINANCIAL REVIEW

Reserves policy

Awel Aman Tawe aims to build up reserves in future years to enable it to continue and expand the services they currently provide and develop new projects in the future. This policy will be reviewed annually or when significant changes occur within the organisation.

Investments and other powers

The trustees have the power to expend the funds of the charitable company in such manner as they consider being beneficial for the achievement of the charitable company's objects. They are also empowered to invest such part of the funds as they see fit in the furtherance of the objects of the charitable company.

Financial Statements

The trustees consider that in view of the non-profit making status of the charitable company's activities, the terms "profit and loss" are not appropriate to giving a true and fair view. Accordingly, under the provisions of the Companies Act 2006, the term "profit and loss account" has been replaced by "income and expenditure account", and the words "profit" and "loss" by "surplus" and "deficit".

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

The organisation was incorporated on 9th March 2000 and registered as a charity on the 1st June 2006.

Recruitment and appointment of new trustees

The directors of the charitable company are also charity trustees for the purpose of charity law. The rules regarding the number of directors and their appointment, reappointment and removal are contained in the Articles of Association to which reference should be made.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees actively review the major risks which the charitable company faces on a regular basis and we believe that maintaining our free reserves at sufficient levels to enable the charity to continue and expand the services they provide. The trustees have also examined other operational and business risks which we face and confirm that we have established systems to mitigate the significant risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03958840 (Wales)

Registered Charity number

1114492

Registered office

76-78 Gwilym Road Cwmllynfell Swansea SA9 2GN

Page 3

AWEL AMAN TAWE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees M L Jenkins (resigned 19.12.21) M AS Brocklesby (resigned 20.12.21) B Jones D Stonehouse C McGurgan M Jervis BE Edwards Company Secretary D Mccallum

Auditors

Alison Vickers Institute of Chartered Accountants in England and Wales Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House And Statutory Auditors Castle Court Swansea Enterprise Park Swansea SA? 9LA Bankers The Co - operative Bank P.O. Box 250 Delf House Southway Skelmersdale WN86WT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Awel Aman Tawe for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial 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 period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for tal<ing reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Bevan Buckland LLP, will be proposed f re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on ... q[J] ...... and signed on its behalf by: 2.J. . _ r .'2.[2.,. ] ········ ,§�� 8E-rWA- N �D\i,j�tD,S

Page4

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AWELAMAN TAWE

Opinion

We have audited the financial statements of Awe! Aman Tawe (the 'charitable company') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AWELAMAN TAWE

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

enquiring of management, including obtaining and reviewing supporting documentation, concerning the Charity Company's policies and procedures relating to:

discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators of fraud.

obtaining an understanding of the legal and regulatory frameworks that the Charity Company operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of the Company. The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AWELAMAN TAWE

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alison Vickers (Senior Statutory Auditor) for and on behalf of Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

Date: ............................................ . 21 / 09 / 2022

Page 7

AWELAMAN TAWE

ST A TEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Grant Income
Other tradin� activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
6
Energy and environmental projects
NET INCOME
Transfers between funds
19
Net movement in funds
RECONCILIATION OF FUNDS
Total funds'brought forard
As previously reported
Prior year adjustment
12
As restated
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
500
183,099
212,034
8,798
404,431
369,500
34,931
367,303
402,234
470,732
64,475
535,207
937,441		 Restricted
funds
£
1,250,312
1,250,312
86,260
1,164,052
(367,303)
796,749
107,889
(107,889)
796,749		 2021
Total
funds
£
500
1,433,411
212,034
8,798
1,654,743
455,760
1, 198,983<
1,198,983
578,621
(43,414)
535,207
1,734,190		 2020
Total
funds
as restated
£
168,782
178,608
17,163
364,553
265,934
98,619
98,619
480,002
(43,414)
436,588
535,207

The notes form part of these financial statements

Page 8

AWEL AMAN TAWE

BALANCE SHEET 31 DECEMBER 2021

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
1,626,177
102,001
1,728,178
161,310
169,012
330,322
(71,660)
258,662
1,986,840
(1,049,399)
937,441		 Restricted
funds
£
311,243
311,243
325,191
160,315
485,506
485,506
796,749
796,749		 2021
Total
funds
£
1,937,420
102,001
2,039,421
486,501
329,327
815,828
(71,660)
744,168
2,783,589
(1,049,399)
1,734,190
937,441
796,749
1,734,190		 2020
Total
funds
as restated
£
1,268,029
102,001
1,370,030
132,263
58,416
190,679
(61,909)
128,770
1,498,800
(963,593)
535,207
535,207
535,207

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

� .:bf·· •C\·[e ] f nalcial statements were approved by the Board of Trustees and authorised for issue on 2:L;,--·············· and were signed on its behalf by: �� Trustee --

The notes form part of these financial statements

Page9

AWEL AMAN TAWE

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

Cash flows from operating activities
Cash generated from operations
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fxed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
lntercompany Loan movement
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporing period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period
Notes		 2021
£
997,390
(40,921)
956,469
(750,461)
(750,461)
25,000
(13,508)
53,411
64,903
270,911
58,416
329,327		 2020
as restated
£
130,693
(4,796)
125,897
(1,030,596)
(10,281)
101,224
(939,653)
50,000
(13,953)
787,855
823,902
10,146
48,270
58,416

The notes form part of these financial statements

Page 10

AWEL AMAN TAWE

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporing period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest paid
Decrease in stocks
Increase in debtors
Increase in creditors
Net cash provided by operations
ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
Net cash
Cash at bank and in hand
Debt
Debts falling due within 1 year
Debts falling due after 1 year
Total
At 1.1.21
£
58,416
58,416
(12,635)
(107,666)
(120,301)
(61,885)		 2021
£
1,198,983
81,070
40,921
(329,265)
5,681
997,390
Cash flow
£
270,911
270,911
(4,070)
(11,023)
(15,093)
255,818		 2020
as restated
£
98,619
29,748
4,796
79
(25,645)
23,096
130,693
At31.12.21
£
329,327
329,327
(16,705)
(118,689)
(135,394)
193,933

2. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

The notes form part of these financial statements

Page 11

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements 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 financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I re land (FRS 102) and the Charities Act 2011.

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

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once 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 from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donations, are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Income on consultancy and contracts is recognised on an accruals basis and recognised in the period in which it relates to.

Income from Solar Panels is recognised over the period of electricity generation on an accruals basis.

Management charge income is recognised in relation to the period which the management services apply too, on an accruals basis.

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.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly relate to charitable activities. Support costs include back office costs, insurance and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities

Depreciation

Depreciation of fixed assets is calculated to write off their cost less any residual value over their estimated useful lives as follows:

Freehold land No depreciation Freehold buildings 2% straight line Solar panels 5% straight line Plant & machinery: Additions pre 2008 15% reducing balance Additions 2008 onwards 25% straight line Office equipment: Additions pre 2008 15% reducing balance Additions 2008 onwards 25% straight line

continued ...

Page 12

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES - continued

Depreciation

Assets purchased which have a value of less than £1,000 are expensed to the profit and loss account in the year of purchase.

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.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pensions

Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.

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 loans which are subsequently measured at amortised cost using the effective interest method.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts arc shown within borrowings in current liabilities.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2. DONATIONS AND LEGACIES

3.

Donations
OTHER TRADING ACTIVITIES
Contracts and consultancy
Sundr income
Co-op Management
Solar panel revenue		 2021
£
500
2021
£
41,102
56,160
114,772
212,034
a
a		 2020
s restated
£
--
2020
s restated
£
60,615
(160)
54,004
64,149
178,608

Page 13

continued ...

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021

4. INVESTMENT INCOME

Investment income
2021
£
8,798
Investment income includes interest earned on share capital invested in Awel Ltd and Egni.
5.
INCOME FROM CHARITABLE ACTIVITIES
2021
Activity
£
Grants
Grant Income
1,433,411
Grants received, included in the above, are as follows:
2021
£
Awel y Gwrhyd CIC - S106 Community Benefit
31,888
Awel y Gwrhyd CIC - Common Land
21,259
Rural Development Programme (RDP)
Awel y Gwhrd CIC
125,000
Community Energy Fund Award (Younity)
Grant Gwrhyd Solar and Batter (RDP)
18,472
WCVA - Kickstart
4,952
Welsh Government Community Facilities Programme
250,000
Lotter Community Fund - We are Energy Warriors
9,600
Community Transport Association
126,377
WCVA- Third Sector Resilience Fund
75,000
National Lottery - People and Places
400,000
WCVA - Landfil Disposal TCS
49,999
Gareld Weston Foundation
15,000
Climate Coalition- Virgin Media
7,000
Pembrokeshire Coast P.A. Sustainable Development Fund
10,080
Moondance Foundation
100,000
Lottery Community Fund - Stained Glass Project
10,000
NPTC- Transforming Towns
98,891
Arts Council of Wales
37,813
Margaret Davies Charity Grant
5,000
Rural Development Programe- Engagement Officer
22,080
Energy Saving Trust - Gwrhyd Solar and Wind
15,000
1,433,411
6.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 7)
£
£
Energy and environmental projects
444,857
10,903		 2020
as restated
£
17,163
2020
as restated
£
168,782
2020
as restated
£
31,050
20,700
25,684
75,000
2,500
13,848
168,782
Totals
£
455,760

continued ...

Page 14

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

7. SUPPORT COSTS

SUPPORT COSTS
Support
Management costs Totals
£ £ £ '
Energy and environmental projects 54 10,849 10,903
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated afer charging/(crediting):
2021 2020
as restated
£ £
Depreciation - owned assets 81,070 29,748

8. NET INCOME/(EXPENDITURE)

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees'expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

10. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Management
Projects and Administration
No employees received emoluments in excess of £60,000.
Wages and Salaries
Social Security Costs
Pension Costs		 2021
£
211,545
211,545
2021
3
5
8
31/12/2021
£
186,960
11,889
10,552
209,401		 2020
as restated
£
168,473
168,473
2020
as restated
1
5
6
31/12/2020
£
135,361
8,469
8,112
151,942

The staff costs are included in a number of the expense headings within the detailed income and expenditure account.

No employee was paid more than £60,000.

The Key Management Personnel of the Charity received remuneration of £52,625 (31/12/2020: £51,920) , this includes gross salary paid, employers national insurance contributions and employers pension contributions.

Defned Contribution Pension Scheme

Page 15

continued ...

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. STAFF COSTS - continued

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £10,552 (31/12/2020: £8,112)

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
as
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Grant Income
129,250
39,532
Other trading activities
178,608
Investment income
17,163
Total
325,021
39,532
EXPENDITURE ON
Charitable activities
Energy and environmental projects
226,402
39,532
NET INCOME
98,619
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported
371,705
108,297
Prior year adjustment
64,883
(108,297)
As restated
436,588
TOTAL FUNDS CARRIED FORWARD
535,207		 Total
funds
restated
£
168,782
178,608
17,163
364,553
265,934
98,619
480,002
(43,414)
436,588
535,207

12. PRIOR YEAR ADJUSTMENT

As a result of the first year audit this year, several misstatements were identified in the prior period, these have been corrected by way of a prior year adjustment, further details on the adjustments made are listed below:

The accounts have been restated to incorporate the impact of an impairment of Fixed Assets which should have been put through the historic accounts and the misidentification of several Unrestricted Funds as Restricted Funds.

The above adjustments have resulted in Unrestricted funds as at 01/01/2020 being increased by £64,475 and Restricted Funds as at 01/01/2020 being reduced by £107,889.

continued ...

Page 16

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

13. TANGIBLE FIXED ASSETS

COST
At 1 Januar 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 Januar 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020
COST
At 1 January 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
At 31 December 2021
NET BOOK VAL_UE
At 31 December 2021
At 31 December 2020
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2021 and 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020
There were no investment assets outside the UK.		 Freehold
property
£
258,656
587,322
845,978
34,252
2,491
36,743
809,235
224,404
Office
Equipment
£
48,725
2,770
51,495
48,725
693
49,418
2,077		 Solar
panels
£
1,073,220
58,919
1,132,139
29,595
52,523
82,118
1,050,021
1,043,625
Motor
vehicles
£
31,130
31,130
7,783
7,783
23,347		 Plant and
machiner
£
9,676
70,320
79,996
9,676
17,580
27,256
52,740
Totals
£
1,390,277
750,461
2,140,738
122,248
81,Q?0
203,318
1,937,420
1,268,029
Unlisted
investments
£
102,001
102,001
102,001

Fixed Asset Investments are made up £100,000 of share capital in Egni (a Co-operative and Community Benefit Society), £1 of share capital in Awel Limited (a Co-operative and Community Benefit Society) and £2,000 of share capital in Trydani (a Co-operative and Community Benefit Society).

Page 17

continued ...

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

15. DEB:J"ORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Amounts owed by related parties
Other debtors
VAT
Prepayments and accrued income
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 18)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
Accrued expenses
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 18)
Amounts owed to related parties
18.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more than 5yrs
2021
£
20,868
108,771
336,326
18,978
1,558
486,501
2021
£
16,705
6,271
3,921
5,811
26,250
12,702
71,660
2021
£
118,689
930,710
1,049,399
2021
£
16,705
13,927
65,704
39,058
a
a
a
a		 2020
s restated
£
19,137
83,798
28,410
918
132,263
2020
s restated
£
12,635
10,329
2,053
17,517
1,367
15,000
3,008
61,909
2020
s restated
£
107,666
855,927
963,593
2020
s restated
£
12,635
15,910
---
41,882
49,874

The loans totalling £ 63,917 (31/12/2020: £70,301) held with WCVA which are secured against the freehold property and assets of the Charity.

continued ...

Page 18

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 DECEMBER 2021

19. MOVEMENT IN FUNDS

Unrestricted funds
General funds
Designated Asset Fund -
Capital
Designated Long Term
Investments
Restricted funds
Aggregate Levy Fund -
Capital
NPT CBC Rural Key Fund
- Capital
NPT Rural Key Fund -
Capital
Groundwork Wales -
Capital
Community Investment
Fund - Capital
The Energy Saving Trust -
Capital
Rural Development
Programme (RDP) -
Gwrhyd Solar
People and Places - The
National Lottery
Community Fund
Transforming Towns,
Neath Port Talbot County
Borough Council
(NPTCBC)
Arts Council of Wales
Margaret Davies Charity
Moondance Foundation
Welsh Government's
Landfill Disposal Tax
Communities Scheme -
Wales Council for
Voluntary Action (WCVA)
Western Valleys
Community Transport
Scheme, Community
Transport Association -
Welsh Government
Third Sector Resilience
Fund - Wales Council for
Voluntar Action (WCVA)
Community Facilities
Programme - Welsh
Government
Garfield Weston
Foundation
Awards fr All - The
National Lotter
Community Fund
Welsh Government
Energy Serice
Restricted Hwb Y Gors
capital fund
TOTAL FUNDS		 At 1.1.21
£
141,405
227,326
102,001
470,732
50,000
5,550
36,340
1,214
13,050
1,735
107,889
578,621
P		 Prior
year
adjustment
£
64,475
64,475
(50,000)
(5,550)
(36,340)
(1,214)
(13,050)
(1,735)
(107,889)
(43,414)
age 19		 Net
movement
in funds
£
3{931
34,931
18,472
400,000
98,891
37,813
5,000
100,000
49,999
126,377
37,500
250,000
15,000
10,000
15,000
1,164,052
1,198,983		 Transfers
between
funds
£
(40,395)
407,698
367,303
(18,472)
(311,243)
(571)
(49,999)
(33,261)
(250,000)
(15,000)
311,243
(367,303)		 At
31.12.21
£
200,416
635,024
102,001
937,441
88,757
98,891
37,242
5,000
100,000
93,116
37,500
15,000
10,000
311,243
796,749
1,734,190
continued ...

Page 19

AWELAMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS· continued

FORTHEYEARENDED31DECEMBER2021

Net movement in funds, included in the above are as follows:

U nrestrcted funds
General funds
Restrcted funds
Rural Development Programme (RDP) -
Gwrhyd Solar
People and Places - The National Lotter
Community Fund
Transforming Towns, Neath Port Talbot
County Borough Council (NPTCBC)
Arts Council of Wales
Margaret Davies Charity
Moondance Foundation
Welsh Government's Landfll Disposal Tax
Communities Scheme - Wales Council for
Voluntary Action (WCVA)
Western Valleys Community Transport
Scheme, Community Transport Association
- Welsh Government
Third Sector Resilience Fund - Wales
Council for Voluntar Action (WCVA)
Lottery Community Fund - We are Energy
Warriors
Sustainable Development Fund
Community Facilities Programme - Welsh
Government
Garfield Weston Foundation
Virgin Media 02 Together Fund
Awards for All - The National Lotter
Community Fund
Rural Development Programe-
Engagement Officer
Welsh Government Energy Service
TOTAL FUNDS		 Incoming
resources
£
404,431
18,472
400,000
98,891
37,813
5,000
100,000
49,999
126,377
75,000
9,600
10,080
250,000
15,000
7,000
10,000
22,080
15,000
1,250,312
1,654,743		 Resources
expended
£
(369,500)
(37,500)
(9,600)
(10,080)
(7,000)
(22,080)
(86,260)
(455,760)		 Movement
in funds
£
34,931
18,472
400,000
98,891
37,813
5,000
100,000
49,999
126,377
37,500
250,000
15,000
10,000
15,000
1,164,052
1,198,983

continued ...

Page 20

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General funds
Designated Asset Fund
Capital
Designated Long Term
Investments
Restricted funds
Aggregate Levy Fund -
Capital
NPT CBC Rural Key Fund
- Capital
NPT Rural Key Fund -
Capital
Groundwork Wales -
Capital
Community Investment
Fund - Capital
The Energy Saving Trust -
Capital
TOTAL FUNDS		 At 1.1.20
£
169,407
202,298
371,705
50,000
5,550
36,340
1,214
13,410
1,783
108,297
480,002		 Prior
year
adjustment
£
64,883
64,883
(50,000)
(5,550)
(36,340)
(1,214)
(13,410)
(1,783)
(108,297)
(43,414)		 Net
movement
in funds
£
98,619
98,619
98,619		 Transfers
between
funds
£
(127,029)
25,028
102,001		 At
31.12.20
£
205,880
227,326
102,001
535,207
535,207

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General funds
Restricted funds
Rural Development Programme
Rural Development Programme (RDP) -
Gwrhyd Solar
TOTAL FUNDS		 Incoming
resources
£
325,021
25,684
13,848
39,532
364,553		 Resources
Movement
expended
in funds
£
£
(226,402)
98,619
(25,684)
(13,848)
(39,532)
(265,934)
98,619

Page 21

continued ...

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General funds
Designated Asset Fund -
Capital
Designated Long Term
Investments
Restricted funds
Aggregate Levy Fund -
Capital
NPT CBC Rural Key Fund
- Capital
NPT Rural Key Fund -
Capital
Groundwork Wales
Capital
Community Investment
Fund - Capital
The Energy Saving Trust -
Capital
Rural Development
Programme (RDP) -
Gwrhyd Solar
People and Places - The
Nati0nal Lottery
Community Fund
Transforming Towns,
Neath Port Talbot County
Borough Council
(NPTCBC)
Arts Council of Wales
Margaret Davies Charity
Moondance Foundation
Welsh Government's
Landfill Disposal Tax
Communities Scheme -
Wales Council for
Voluntary Action (WCVA)
Western Valleys
Community Transport
Scheme, Community
Transport Association -
Welsh Government
Third Sector Resilience
Fund - Wales Council for
Voluntar Action (WCVA)
Community Facilities
Programme - Welsh
Government
Garfield Weston
Foundation
Awards for All - The
National Lotter
Community Fund
Welsh Government
Energy Serice
Restricted Hwb Y Gars
capital fund		 At 1.1.20
£
169,407
202,298
371,705
50,000
5,550
36,340
1,214
13,410
1,783		 Prior
year
adjustment
£
129,358
129,358
(100,000)
(11,100)
(72,680)
(2,428)
(26,460)
(3,518)		 Net
movement
in funds
£
133,550
133,550
18,472
400,000
98,891
37,813
5,000
100,000
49,999
126,377
37,500
250,000
15,000
10,000
15,000		 Transfers
between
At
funds
31.12.21
£
£
(167,424)
264,891
432,726
635,024
102,001
102,001
367,303
1,001,916
(50,000)
(5,550)
(36,340)
(1,214)
(13,050)
(1,735)
(18,472)
(311,243)
88,757
98,891
(571)
37,242
5,000
100,000
(49,999)
(33,261)
93,116
37,500
(250,000)
15,000
10,000
(15,000)
311,243
311,243

continued ...

Page 22

AWELAMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021
19.
MOVEMENT IN FUNDS - continued
108,297
TOTAL FUNDS
480,002
(216,186)
(86,828)
1,164,052
1,297,602		 (367,303) 688,860
1,690,776

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General funds
729,452
Restricted funds
Rural Development Programme
25,684
Rural Development Programme (RDP) -
Gwrhyd Solar
32,320
People and Places - The National Lottery
Community Fund
400,000
Transforming Towns, Neath Port Talbot
County Borough Council (NPTCBC)
98,891
Arts Council of Wales
37,813
Margaret Davies Charity
5,000
Moondance Foundation
100,000
Welsh Government's Landfill Disposal Tax
Communities Scheme - Wales Council for
Voluntary Action (WCVA)
49,999
Western Valleys Community Transport
Scheme, Community Transport Association
- Welsh Government
126,377
Third Sector Resilience Fund - Wales
Council for Voluntary Action (WCVA)
75,000
Lottery Community Fund - We are Energy
Warriors
9,600
Sustainable Development Fund
10,080
Community Facilities Programme - Welsh
Government
250,000
Garield Weston Foundation
15,000
Virgin Media 02 Together Fund
7,000
Awards fr All - The National Lottery
Community Fund
10,000
Rural Development Programe-
Engagement Ofcer
22,080
Welsh Government Energy Service
15,000
1,289,844
TOTAL FUNDS
2,019,296		 Resources
expended
£
(595,902)
(25,684)
(13,848)
(37,500)
(9,600)
(10,080)
(7,000)
(22,080)
(125,792)
(721,694)		 Movement
in funds
£
133,550
18,472
400,000
98,891
37,813
5,000
100,000
49,999
126,377
37,500
250,000
15,000
10,000
15,000
1,164,052
1,297,602

Restricted capital funds carried forward represent monies received towards capital expenditure, these are being released in line with depreciation.

Designated capital funds carried forward represent monies received towards capital expenditure, these are being released in line with depreciation.

Designated investment funds represent amounts held by the Charity in investments at the year end.

Details of specific Restricted funds are noted below:

Page 23

continued ...

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

19. MOVEMENT IN FUNDS - continued

Transfers between funds

The transfers between restricted funds represent the capital amounts spent to date on each fund, with the carried forward balance being the amounts left to spend on each fund as at the year end date.

20. RELATED PARTY DISCLOSURES

Awel y Gwrhyd (community wind farm)

Awel y Gwrhyd CIC is a 100% subsidiary of Awel Limited and both Awel Limited and Awel y Gwrhyd CIC are managed and administrated by Awel Aman Tawe.

Included within debtors is a balance of £11,418 (31/12/2020: £11,418) due from Awe! y Gwrhyd CIC, this balance is made up of costs incurred by Awel Aman Tawe on behalf of Awel y Gwrhyd CIC due for recharge.

During the period Awel Aman Tawe received S106 Community Benefit and Common Land income from Awe! y Gwrhyd CIC of £53,147 (31/12/2020: £51,750) and charged management and admin fees of £20,800 (31/12/2020: £20,005).

During the year, a grant of £125,000 was made to Awel Aman Tawe.

Awel Limited

Awe! Aman Tawe holds share capital in Awel Limited (a cooperative and community benefit company) of £1 which represents <25% of the voting rights of Awel Limited. Interest was received on this balance during the year of £NIL (2020:£4,214).

Included within other debtors is a balance of £97,380 (31/12/2020: £72,380) due from Awel Ltd, this balance is made up of various loans and recharges due from Awe! Ltd at the period end.

During the year Awe! Aman Tawe provided management and administration services to Awe! Limited totalling £20,800 (31/12/2020: £20,000).

Egni

Awel Aman Tawe holds share capital in Egni (a registered society) of £100,000 which represents <25% of the voting rights of Egni.

continued ...

Page 24

•

AWEL AMAN TAWE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

20. RELATED PARTY DISCLOSURES - continued

Included within other creditors is a balance owed to Egni (a cooperative and community benefit company) of £875,025 (31/12/2020: £800,243). Also during the year Awel Aman Tawe received £4,000 (2020: £4,386) in interest from Egni in relation to its capital investment in Egni and charged management fees of £14,560 (31/12/2020: £12,000).

During the year, £85,594 of FiT income was generated that relates to Awel Aman Tawe.

During the year, Egni has paid for the purchase and installation costs of Solar Panel subsequently transferred to Awel Aman Tawe (AAT) to the value of £39,916. These costs will be recovered by Egni via the collection of the income generated by these panels. The reason for using both Egni and AAT for FiT preregistration and for each organisation to then own panels was to maximize FiT income to the project and make the overall scheme more financially viable.

In effect, our larger installs are more viable and enabled us to do smaller installs on primary schools and community buildings.This was permitted under Ofgem rules to support community energy - not for profit legal entities were allowed to share a grid connection and both were eligible for FiT.

Interest of £36,891 was charged by Egni on the loan balance to Awe! Aman Tawe.

Other related parties

Trustees in Awel Aman Tawe held shares in Awel Ltd totalling £5,804 and received interest of £291.

Trustees in Awel Aman Tawe held shares in Egni totalling £18,838 and received interest of £560.

Staff of Awel Aman Tawe held shares in Awe! Ltd totalling £477 and received interest of £33.

Staff in Awel Aman Tawe held shares in Egni totalling £15,270 and received interest of £323.

As agreed by Trustees, during the year Emily Hinshelwood, co-founder of the Charity and partner of Dan McCallum (company secretary) provided consultancy services on a freelance basis totalling £17,671 to manage the Hwb y Gars renovation and development project.

Page 25

,.

AWEL AMAN TAWE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Contracts and consultancy
Sundry income
Co-op Management
Solar panel revenue
Investment :income
Investment income
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Project and employee costs
Rent, rates and water
Insurance
Light and heat
Telephone
Offce costs
Photocopying
Marketing ard adverising
Travelling
Professional fees
Subscriptions
Training costs
Repairs & maintenance
Depreciation
Finance charges
Interest payable-Solar panels
Support costs
Management
Postage and stationer
Support costs
Accountancy and legal fees
Total resources expended
Net income
2021
£
500
41,102
56,160
114,772
212,034
8,798
1,433,411
1,654,743
211,545
1,140
14,390
7,198
1,600
10,779
580
915
7,948
43,614
3,537
140
19,480
81,070
3,940
36,981
444,857
54
10,849
455,760
1,198,983		 2020
as restated
£
60,615
(160)
54,004
64,149
178,608
17,163
168,782
364,553
168,473
94
12,764
1,584
1,561
7,785
615
50
6,616
22,575
1,982
314
3,902
29,748
4,796
262,859
3,075
265,934
98,619

This page does not form part of the statutory financial statements

Page 26