| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | 6 | to | 7 | |
| Notes to the Financial Statements | 8 | to | 18 | |
| Detailed Statement ofFinancial Activities | 19 | to | 20 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | fuuds | funds | ||
| Notes | f. | f. | f. | ||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
4,495 | 12,800 | 17,295 | 9,171 | |
| Other trading activities | 37,303 | 37,303 | 25,903 | ||
| Investment income |
23 | 23 | I | ||
| Other income | 154 | 154 | 1,349 | ||
| Total | 41,975 | 12,800 | 54,775 | 36,424 | |
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Commuuity Centre Activities |
41,092 | 17,103 | 58,195 | 63,243 | |
| NET INCOME/(EXPENDITURE) | 883 | (4303) | (3,420) | (26,819) | |
| Transfers behveen funds |
15 | (1,718) | 1,718 | ||
| Net movement in funds |
(835) | (2,585) | (3,420) | (26,819) | |
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought fonvard |
92,947 | 82,723 | 175,670 | 202,489 | |
| TOTAL FUNDS CARRIED FORWARD | 92,112 | 80,138 | 172,250 | 175,670 |
| BALANCE SHEET 31MARCH 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 10 | 153,870 | 158,197 |
| CURRENT ASSETS | |||
| Stocks | 11 | 76 | |
| Debtois | 12 | 4,608 | 345 |
| Cash at bank and in hand | 16,749 | 18,958 | |
| 21,357 | 19,379 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (2,977) | (1,906) |
| NET CURRENT ASSETS | 18,380 | 17,473 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 172,250 | 175,670 | |
| NET ASSETS | 172,250 | 175,670 | |
| FUNDS | 15 | ||
| Unrestricted funds |
92,112 | 92,947 | |
| Restricted funds | 80,138 | 82,723 | |
| TOTAL FUNDS | 172,250 | 175,670 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Donations | 4,495 | 3,133 | ||||
| Grants | 12,800 | 6,038 | ||||
| 17,295 | 9,171 | |||||
| Grants received, | included | in the above, are as follows: | ||||
| 2023 | 2022 | |||||
| Garfield | Weston | 5,000 | ||||
| BAVO | 1,750 | |||||
| Coalfields | Regeneration | Tmst | 1,038 | |||
| National | Lottery | 7,628 | ||||
| Bridgend | County | Borough Council | 3,000 | |||
| Pyle Community | Council | 422 | ||||
| 12,800 | 6,038 | |||||
| OTHER | TRADING ACTIVITIES | |||||
| 2023 | 2022 | |||||
| f. | ||||||
| Fundraising | events | 5,817 | 5,713 | |||
| Rent | 25,006 | 9,385 | ||||
| Catering | 6,045 | 10,368 | ||||
| Membership | fees | 435 | 437 | |||
| 37,303 | 25,903 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Deposit account interest | 23 | 1 | ||||||
| 5. | SUPPORT | COSTS | ||||||
| Governance | ||||||||
| Other | costs | Totals | ||||||
| f. | ||||||||
| Conununity | Centre Activities | 1,879 | 1,472 | 3,351 | ||||
| Suppots costs, included | in | the above, are as follows: | ||||||
| 2023 | 2022 | |||||||
| Co nmuinity | ||||||||
| Centre | Total | |||||||
| Activities | activities | |||||||
| I | ||||||||
| Insurance | 1,879 | 1,712 | ||||||
| Independent | Examiners | Fees | 1,428 | 1,728 | ||||
| Legal &professional | fees | 44 | 740 | |||||
| 3,351 | 4,180 | |||||||
| 6. | NKT INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||||
| 2023 | 2022 | |||||||
| Depreciation | - owned | assets | 4,327 | 4,633 | ||||
| Independent | Examiners | Fee | 1,428 | 1,728 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | fundsI | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
3,133 | 6,038 | 9,171 | |
| Other trading activities | 25,903 | 25,903 | ||
| Iuvestment income |
I | I | ||
| Other income | 1,349 | 1,349 | ||
| Total | 30,386 | 6,038 | 36,424 | |
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Community Centre Activities |
48,373 | 14,870 | 63,243 | |
| NET IiVCOME/(EXPENDITURE) | (17,987) | (8,832) | (26,819) | |
| RECONCILIATION | OF FUNDS | |||
| Total fiinds brought forward |
110,934 | 91,555 | 202,489 | |
| TOTAL FUNDS CARRIED FORWARD | 92,947 | 82,723 | 175,670 |
| FORTHE YEAR ENDED 31MARC | H 2023 | |||
|---|---|---|---|---|
| 10. | TANGIBLE FIXEDASSETS | |||
| Freehold | Plant and | |||
| property | machmery | Totals | ||
| COST | ||||
| At I April 2022 and 31March 2023 | 211,322 | 54,886 | 266,208 | |
| DEPRECIATION | ||||
| At 1 April 2022 | 56,807 | 51,204 | 108,011 | |
| Charge for year | 3,406 | 921 | 4,327 | |
| At 31March 2023 | 60213 | 52,125 | 112,338 | |
| NKT BOOK VALUE | ||||
| At 31March 2023 | 151,109 | 2,761 | 153,870 | |
| At 31March 2022 | 154,515 | 3,682 | 158,197 | |
| 11. | STOCKS | |||
| 2023 | 2022 | |||
| Stocks | 76 | |||
| 12. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| Other debtors | 4,608 | 345 | ||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| f. | ||||
| Social security and other taxes | 87 | 444 | ||
| Other creditors | 1 | 1 | ||
| Sundry Creditors | 33 | 33 | ||
| Accrued expenses | 2,856 | 1,428 | ||
| 2,977 | 1,906 |
| CREDITORS: AMOUNTS FALLING | CREDITORS: AMOUNTS FALLING | DUE WIT | HI | N ONE Y | EAR - continued | ||
|---|---|---|---|---|---|---|---|
| The deferred income carried forward |
ls analysed | as | follows: | 2023 | 2022 | ||
| Opening | balance | 5,000 | |||||
| Movement in the year |
(5,000) | ||||||
| Defened | income carried forward | ||||||
| Deferred | Income analysed by project: | 2023 | 2022 | ||||
| f. | f. | ||||||
| Garfield | Weston | ||||||
| ANALYSIS OF NET ASSETSBETWEEN FUNDS | |||||||
| Unrestricted | Restricted | 2023 Total | 2022 Total | ||||
| Funds | Funds | Funds | Funds | ||||
| f. | f. | ||||||
| Fixed Assets | 73,732 | 80,138 | 153,870 | 158,197 | |||
| Net Current Assets/(Liabilities) | 18,380 | 18,380 | 17,473 | ||||
| 92,112 | 80,138 | 172,250 | 175,670 |
| 15. | IVIOVKMENT IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At I/4/22 | in funds | funds | 31/3/23 | ||
| f. | f, | ||||
| Unrestricted funds |
|||||
| General fttnd | 17,473 | 882 | 24 | 18,379 | |
| Designated Fixed Assets |
75,474 | 1 | (1,742) | 73,733 | |
| 92,947 | 883 | (1,718) | 92,112 | ||
| Restricted funds | |||||
| Big Lottery Asset Fund | 82,723 | (2,585) | 80,138 | ||
| BAVO - Summer ofFun | (212) | 212 | |||
| BAVO —Warm Hiub Fund |
(1,506) | 1,506 | |||
| 82,723 | (4,303) | 1,718 | 80,138 | ||
| TOTALFUNDS | 175,670 | (3,420) | 172,250 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| 8 | f. | ||||
| Unrestricted funds |
|||||
| General fund | 41,974 | (41,092) | 882 | ||
| Designated Fixed |
Assets | I | 1 | ||
| 41,975 | (41,092) | 883 | |||
| Reshdcted funds |
|||||
| Big Lottery Asset | Fund | (2,585) | (2,585) | ||
| National Lottery (Toddler Group) | 7,628 | (7,628) | |||
| BAVO —Summer |
ofFun | 750 | (962) | (212) | |
| BAVO - Social Isolation | 1,000 | (1,000) | |||
| BAVO - Warm Hiub Fund | 3,000 | (4,506) | (1,506) | ||
| Pyle Community | Council (Litt | Repair) | 422 | (422) | |
| 12,800 | (17,103) | (4,303) | |||
| TOTALFUNDS | 54,775 | (58,195) | (3,420) | ||
| Comparatives for movement |
in funds |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/4/21 | in funds | 31/3/22 | |||
| f | f | ||||
| Unrestricted | funds | ||||
| General fund | 33,412 | (15,939) | 17,473 | ||
| Designated | Fixed Assets | 77,522 | (2,048) | 75,474 | |
| 110,934 | (17,987) | 92,947 | |||
| Restricted funds | |||||
| Garfield Westou Foundation | 3,235 | (3,235) | |||
| Big Lottery | Asset Fund | 85,308 | (2,585) | 82,723 | |
| BAVO Food | Poverty Grant Scheme | 3,012 | (3,012) | ||
| 91,555 | (8,832) | 82,723 | |||
| TOTALFUNDS | 202,489 | (26,819) | 175,670 |
| Inconung | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund |
30,386 | (46,325) | (15,939) | |
| Designated Fixed Assets |
(2,048) | (2,048) | ||
| 30,386 | (48,373) | (17,987) | ||
| Restricted funds |
||||
| Garfield Weston Foundation | 5,000 | (8,235) | (3235) | |
| BigLottery Asset Fund | (2,585) | (2,585) | ||
| BAVO Food Poverty Grant Scheme | (3,012) | (3,012) | ||
| Coalfields Regeneration | Tmst | 1,038 | (1,038) | |
| 6,038 | (14,870) | (8,832) | ||
| TOTALFUNDS | 36,424 | (63,243) | (26,819) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At I/4/21 | in funds | funds | 31/3/23 | |
| f. | f. | |||
| Unrestricted funds |
||||
| General fund |
33,412 | (15,057) | 24 | 18,379 |
| Designated Fixed Assets |
77,522 | (2,047) | (1,742) | 73,733 |
| 110,934 | (17,104) | (1,718) | 92,112 | |
| Restricted funds | ||||
| Garfield Weston Foundation | 3,235 | (3,235) | ||
| BigLottery Asset Fuud | 85,308 | (5,170) | 80,138 | |
| BAVO Food Poverty Grant Scheme | 3,012 | (3,012) | ||
| BAVO - Summer ofFun | (212) | 212 | ||
| BAVO —Warm Hiub Fund | (1,506) | 1,506 | ||
| 91,555 | (13,135) | 1,718 | 80,138 | |
| TOTAL FUNDS | 202,489 | (30,239) | 172,250 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| f. | ||||
| Unrestricted funds |
||||
| General fund |
72,360 | (87,417) | (15,057) | |
| Designated Fixed Assets |
I | (2,048) | (2,047) | |
| 72,361 | (89,465) | (17,104) | ||
| Restricted funds |
||||
| Garfield Westou Foundatiou | 5,000 | (8,235) | (3,235) | |
| BigLottery Asset Fund | (5,170) | (5,170) | ||
| BAVO Food Poverty Grant Scheme | (3,012) | (3,012) | ||
| Coaliields Regeneration |
Trust | 1,038 | (1,038) | |
| National Lottery (Toddler Group) |
7,628 | (7,628) | ||
| BAVO - Summer ofFun | 750 | (962) | (212) | |
| BAVO - Social Isolation | 1,000 | (1,000) | ||
| BAVO —Warm Hiub Fund | 3,000 | (4,506) | (1,506) | |
| Pyle Community Council |
(Lifl Repair) | 422 | (422) | |
| 18,838 | (31,973) | (13,135) | ||
| TOTAL FUNDS | 91,199 | (121,438) | (30,239) |
| FORTHE YEAR ENDED | 31MARCH 2023 | |||
|---|---|---|---|---|
| 2023I | 2022 f. |
|||
| INCOME AND | ENDOWMENTS | |||
| Donations and |
legacies | |||
| Donations | 4,495 | 3,133 | ||
| Grants | 12,800 | 6,038 | ||
| 17,295 | 9,171 | |||
| Other trading activities |
||||
| Fundraisiug events |
5,817 | 5,713 | ||
| Rent | 25,006 | 9,385 | ||
| Catering | 6,045 | 10,368 | ||
| Membership fees |
435 | 437 | ||
| 37,303 | 25,903 | |||
| Investment income |
||||
| Deposit account | interest | 23 | ||
| Other income | ||||
| Other income | 154 | 1,349 | ||
| Total incoming | resources | 54,775 | 36,424 | |
| EXPENDITURE | ||||
| Charitable activities |
||||
| Staffing costs | 21,930 | 26,673 | ||
| Pensions | 172 | 172 | ||
| Rates and water | 782 | 211 | ||
| Light and heat | 3,577 | 4,216 | ||
| Sundry expenses | 320 | 400 | ||
| Repairs and renewals | 2,475 | 9,187 | ||
| Catering expenses |
5,482 | 6,541 | ||
| Postage, stationery | and telephone | 1,290 | 1,719 | |
| Activity costs | 10,824 | 2,262 | ||
| Sundry Equipment | 560 | 1,215 | ||
| Cleaning costs | 2,859 | 1,592 | ||
| Licences and subscriptions | 246 | 242 | ||
| Freehold property | 821 | 821 | ||
| Improvements to |
property | 2,585 | 2,585 | |
| Plant and machinery | 921 | 1,227 | ||
| 54,844 | 59,063 |
| FOR THK YEAR END | ED 31MARCH 2023 | |||
|---|---|---|---|---|
| 2023f | 2022 f. |
|||
| Support costs | ||||
| Other | ||||
| Insurance | 1,879 | 1,712 | ||
| Governance | costs | |||
| Independent | Examiners Fees | 1,428 | 1,728 | |
| Legal &professional | fees | 44 | 740 | |
| 1,472 | 2,468 | |||
| Total resources | expended | 58,]95 | 63,243 | |
| Net expenditure | (3,420) | (26,819) |