REGISTERED COMPANY NUMBER: 05372962 (England and Wales) REGISTERED CHARITY NUMBER: 1116759
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2021
FOR
BRYMBO & TANYFRON REGENERATION TRUST
M. D. Coxey and Co. Limited Chartered Accountants 25 Grosvenor Road Wrexham LL11 1BT
BRYMBO & TANYFRON REGENERATION TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 17 |
BRYMBO & TANYFRON REGENERATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH SEPTEMBER 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 30th September 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 vision of the Brymbo & Tanyfron Regeneration Trust is to 'raise aspirations through accessible opportunities' and to 'meet social needs through entrepreneurial activity'. The trust is registered as a regeneration and capacity building charity. The objects of the Trust are clearly defined in the Trust's memorandum of association, copies of which are deposited with the Charity Commission and Companies House.
Significant activities
During 2020/21 the Trust made a small loss. The Trust saw a reduction in its income generating resources to £303,629. The decrease in income occurred in community room hire, nursery and post office business areas, however rents received achieved an improved income position. The income also included £43,027 of various grants.
The reduction in income was directly related to the ongoing Covid-19 pandemic situation.
Total expenditure of £308,229 (before depreciation) was a reduction in expenditure of 10% compared to last year. The Trust worked hard to reduce expenditure whilst certain business areas were being negatively affected by reduced income.
The Trust made a small loss (before depreciation) of £4,600.
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BRYMBO & TANYFRON REGENERATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH SEPTEMBER 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trust approved a new strategic growth plan in 2019/20 which was halted in March 2020 due to the pandemic. The Trust aimed to pick up this work with the easement of the Covid 19 restrictions, however as there were Covid-19 restrictions for most of 2020/21 this work did not commence. The Trust still plans to prioritise this work to commence in 2022.
The Trust engaged an architect to draw up plans for new entrance alterations across the building. The Trust has ringfenced £30,000 of reserves to complete this work.
Community space
The community areas include the main hall, two meeting/training room and a treatment room. All areas are available to hire across the day and evening time (when government restrictions allowed).
The community space hire was hit the hardest in March 2020 with the Government requiring this area of our business to close or be restricted to certain groups. The Trusts ability to generate income during this financial year was minimal.
One of the training rooms has been rented out on a short-term agreement.
Hill Tots House nursery
The children's day nursery remains popular with local families; however, the pandemic saw families working from home and choosing not to send their children to nursery. This had an impact on numbers in the nursery and a consequent reduction in income and staffing.
The Trust continues to provide Flying Start which is the Welsh Government's targeted early years programme for families with children under 4 years of age. The number of places available has remained steady and continues to have a positive impact on the nursery.
Hill Tots House remained open during the pandemic to support the Flying Start programme operating and to support local families returning back to work.
Work on extending the outdoor footprint of the nursery commenced and further work is required in 2021/22.
Post office
The post office users eased off once the Government restrictions were lifted in summer 2021, but remains popular with its users. The cost of staffing the post office far exceeds the income generated; however, the Trust is happy to subsidise this vital service for our local community.
The Trust closed the post office on Tuesdays for a short period during this financial year to help reduce expenditure.
The Trust received a grant from Moondance Foundation COVID-19 Relief Fund to support the running costs of this vital service to our community.
Business units (including the cafe)
Business rental occupancy remained at full capacity. All business units operating from the centre are employing staff from the local Wrexham area. Our business tenants also support a range of local and national charities.
The Trust were fortunate for its multi-purpose set up and the Trust received full rental income when the pandemic hit, which contributed to sustaining the operation of the post office.
One of our community hire spaces (training room) was rented out on a short term rent agreement, this explains the increase in rental income.
Staff
The Trust has employed an average of 17 staff which is a reduction on last year. A couple of staff were made redundant due to the reduced income projections and uncertainty as to when restrictions would ease.
The Trust made suitable use of the Government's furloughed scheme drawing down £25,475 from HMRC Job Retention Scheme which allowed the Trust to maintain certain staffing positions.
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BRYMBO & TANYFRON REGENERATION TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021
The trustees would like to thank all the staff for their hard work in ensuring the centre remained a covid safe environment and for their understanding when their role was either furloughed or asked to work in front line services throughout a difficult period.
Community
The Trust is proud to continue being a key partner in the community, with close links to the Brymbo Heritage Trust and St Mary's V.A. School.
We thank our community for its continued support.
Public benefit statement
The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the current year activities and making plans for future periods and believe that they have complied with their duty to have due regard to this guidance. In particular, the trustees have considered how all the Charity's activities contribute to the charitable objectives set down above. All of the Charity's activities focus on providing public amenities, facility's and services for the Brymbo and Tanyfron area of West Wrexham.These activities are currently provided by the provision of office accommodation to support employment in the local area, the provision of childcare and the provision of a community hall for use by local and national organisations.
FINANCIAL REVIEW
Investment policy
There are no restrictions on the charity's powers to invest and the primary concern for trustees is that any surplus funding is invest in short-term, low risk investments.
Reserves policy
The Trust's aim is to achieve net incoming resources before depreciation, together with a net current asset position. Any surplus of funds will be used to further the aims and objectives of the Trust and its future sustainability and successful outcome.
Total reserves as at 30th September 2021 were £1,491,325 (2020: £1,625,560) of which £1,491,117 (2020: £1,529,173) is restricted. The level of general reserves available to the charity was £72,208 (2020: £96,387) as detailed in the notes to the accounts.
FUTURE PLANS
The trustees continue to consult with individuals and organisations to identify further opportunities for the delivery of activities for the benefit of the community and the further regeneration of the Brymbo & Tanyfron area.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Trust is controlled by its governing documents, the memorandum of association and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Any trustee is invited to nominate a potential new trustee that is personally known to and recommended by them. The nominee must be accepted by the majority of existing trustees.
The nominated person must be a permitted person as defined by the Charities Act and of relevant skill or knowledge to the benefit of the Brymbo & Tanyfron Regeneration Trust. Trustees are personally responsible for ensuring their skills and knowledge are maintained to a standard which encompasses changes in legislation impacting on the operational activities of the Trust.
Organisational structure
The trustees who have served during the year and since the year end are set out on page 4. Trustees are subscribers to the memorandum of association and the trustees are legally responsible for the overall management and control of the charity. They hold at least twelve ordinary meetings in each year.
Decision making
The Board retains authority for the overall strategy and policy of the Trust and approves the annual Business Plan.
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BRYMBO & TANYFRON REGENERATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH SEPTEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees
On appointment a newly elected trustee must have, as a minimum, read and accepted the memorandum of association and articles of association of the Brymbo & Tanyfron Regeneration Trust and read, understood and accepted the duties and responsibilities of a trustee as outlined in the Charity Commissions booklets CC3 - The essential trustee: what you need to know, and CC3(a) - Responsibilities of charity trustees.
Newly elected trustees must understand in detail the ethos, vision and objectives of the Brymbo & Tanyfron Regeneration Trust.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 05372962 (England and Wales)
Registered Charity number
1116759
Registered office
The Enterprise Centre Blast Road Brymbo Wrexham LL11 5BT
Trustees
A H Foster Civil Engineering J Wright Construction (resigned 12.10.21) R P Rogers Councillor K A Brown Local Government Officer C L Bowen Housewife (resigned 12.10.21)
Independent Examiner
M. D. Coxey and Co. Limited Chartered Accountants 25 Grosvenor Road Wrexham LL11 1BT
Bankers
The Co-operative Bank 54-56 Northgate Street Chester CH1 2HT
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 29th July 2022 and signed on its behalf by:
K A Brown - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRYMBO & TANYFRON REGENERATION TRUST
Independent examiner's report to the trustees of Brymbo & Tanyfron Regeneration Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA, ACA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Anthony Lewis FCCA, ACA M. D. Coxey and Co. Limited Chartered Accountants 25 Grosvenor Road Wrexham LL11 1BT
29th July 2022
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BRYMBO & TANYFRON REGENERATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30TH SEPTEMBER 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities 5 Centre activities Investment income 4 Total EXPENDITURE ON Charitable activities 6 Office costs Staff costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 30,475 218,537 - 249,012 86,735 186,456 273,191 (24,179) 96,387 72,208 |
Restricted funds £ 12,552 42,065 - 54,617 127,230 37,443 164,673 (110,056) 1,529,173 1,419,117 |
30.9.21 Total funds £ 43,027 260,602 - 303,629 213,965 223,899 437,864 (134,235) 1,625,560 1,491,325 |
30.9.20 Total funds £ 89,590 304,748 2 394,340 228,037 245,461 473,498 (79,158) 1,704,718 1,625,560 |
|---|---|---|---|---|
The notes form part of these financial statements
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BRYMBO & TANYFRON REGENERATION TRUST
BALANCE SHEET 30TH SEPTEMBER 2021
| Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 15 NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 41,232 9,575 39,613 49,188 (18,212) 30,976 72,208 - 72,208 |
Restricted funds £ 1,400,528 4,322 14,267 18,589 - 18,589 1,419,117 - 1,419,117 |
30.9.21 Total funds £ 1,441,760 13,897 53,880 67,777 (18,212) 49,565 1,491,325 - 1,491,325 72,208 1,419,117 1,491,325 |
30.9.20 Total funds £ 1,567,152 7,822 84,035 91,857 (31,791) 60,066 1,627,218 (1,658) 1,625,560 96,387 1,529,173 1,625,560 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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BRYMBO & TANYFRON REGENERATION TRUST
BALANCE SHEET - continued 30TH SEPTEMBER 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 29th July 2022 and were signed on its behalf by:
K A Brown - Trustee
The notes form part of these financial statements
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021
1. STATUTORY INFORMATION
The Trust is a a company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member.
The charity's registered numbers and registered office address can be found on page 4.
The presentation currency of the financial statements is the pound sterling (£).
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the Trust'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, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other 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.
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 cost related to the 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.
Charitable activities
Costs of charitable activities comprise all costs identified as wholly attributable to achieving the charitable objects of the charity.
Tangible fixed assets
Fixed assets costing at least £100 are included in the balance sheet at historic cost less accumulated depreciation.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold property | -4% on cost |
|---|---|
| Plant and machinery | -20% on cost |
| Fixtures and fittings | -20% on cost |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
2. ACCOUNTING POLICIES - continued
Fund accounting
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Significant judgements and estimates
In the application of the charity’s accounting policies, management are required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
- Estimated useful lives and residual values of fixed assets:
The carrying value of fixed assets are reviewed each year end for indicators of impairment triggers. If such triggers exist, management would be required to carry out a formal impairment review using a discounted cash flow model to determine their value in use on a cash-generating unit basis. The value in use calculation requires management to estimate the future cash flows expected to arise from the cash-generating unit and a sustainable discount rate in order to calculate the present value.
Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods.
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 30.9.21 | 30.9.20 | |
| £ | £ | |
| Donations | - | 5,000 |
| Grants | 43,027 | 84,590 |
| 43,027 | 89,590 |
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
3. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| Job retention scheme WCBC covid grants Little Saints Moondance AVOW Cwtch small grants 4. INVESTMENT INCOME Rents received 5. INCOME FROM CHARITABLE ACTIVITIES Rents received Hall and room hire Nursery income Post office & sundry income 6. CHARITABLE ACTIVITIES COSTS Office costs Staff costs |
Direct Costs £ 210,184 223,899 434,083 |
30.9.21 £ 25,475 5,000 - 9,802 2,000 750 43,027 30.9.21 £ - 30.9.21 £ 107,346 3,430 136,176 13,650 260,602 Support costs (see note 7) £ 3,781 - 3,781 |
30.9.20 £ 34,790 45,000 4,800 - - - 84,590 30.9.20 £ 2 30.9.20 £ 95,186 30,134 164,975 14,453 304,748 Totals £ 213,965 223,899 437,864 |
|---|---|---|---|
It is not possible to analyse expenditure by the nature of the activities undertaken as all take place in a common community space.
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
7. SUPPORT COSTS
| Office costs The amounts payable to the independent examiner were as follows:- Fees for reporting on the accounts Other fees NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Deficit on disposal of fixed assets Government grants Bank loan interest |
30.9.21 £ 2,430 85 2,515 30.9.21 £ 129,635 13 (72,540) 61 |
Governance costs £ 3,781 30.9.20 £ 2,454 85 2,539 30.9.20 £ 130,248 - (144,106) 97 |
|---|---|---|
8. NET INCOME/(EXPENDITURE)
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th September 2021 nor for the year ended 30th September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th September 2021 nor for the year ended 30th September 2020.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Centre staff Nursery staff |
30.9.21 £ 214,495 6,690 2,714 223,899 30.9.21 9 8 17 |
30.9.20 £ 234,924 7,197 3,340 245,461 30.9.20 10 11 21 |
||
|---|---|---|---|---|
No employees received emoluments in excess of £60,000.
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 84,590 Charitable activities Centre activities 251,394 Investment income 2 Total 335,986 EXPENDITURE ON Charitable activities Office costs 99,542 Staff costs 174,775 Total 274,317 NET INCOME/(EXPENDITURE) 61,669 RECONCILIATION OF FUNDS Total funds brought forward 45,890 TOTAL FUNDS CARRIED FORWARD 107,559 12. TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1st October 2020 3,217,487 112,769 Additions - 3,298 Disposals - - At 30th September 2021 3,217,487 116,067 DEPRECIATION At 1st October 2020 1,665,300 111,446 Charge for year 128,700 501 Eliminated on disposal - - At 30th September 2021 1,794,000 111,947 NET BOOK VALUE At 30th September 2021 1,423,487 4,120 At 30th September 2020 1,552,187 1,323 |
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 84,590 Charitable activities Centre activities 251,394 Investment income 2 Total 335,986 EXPENDITURE ON Charitable activities Office costs 99,542 Staff costs 174,775 Total 274,317 NET INCOME/(EXPENDITURE) 61,669 RECONCILIATION OF FUNDS Total funds brought forward 45,890 TOTAL FUNDS CARRIED FORWARD 107,559 12. TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1st October 2020 3,217,487 112,769 Additions - 3,298 Disposals - - At 30th September 2021 3,217,487 116,067 DEPRECIATION At 1st October 2020 1,665,300 111,446 Charge for year 128,700 501 Eliminated on disposal - - At 30th September 2021 1,794,000 111,947 NET BOOK VALUE At 30th September 2021 1,423,487 4,120 At 30th September 2020 1,552,187 1,323 |
Restricted funds £ 5,000 53,354 - 58,354 128,495 70,686 199,181 (140,827) 1,658,828 1,518,001 Fixtures and fittings £ 60,886 958 (834) 61,010 47,244 434 (821) 46,857 14,153 13,642 |
Total funds £ 89,590 304,748 2 394,340 228,037 245,461 473,498 (79,158) 1,704,718 1,625,560 Totals £ 3,391,142 4,256 (834) 3,394,564 1,823,990 129,635 (821) 1,952,804 1,441,760 1,567,152 |
|
|---|---|---|---|---|
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
| 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.21 £ Trade debtors 7,538 Prepayments 6,359 13,897 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.21 £ Bank loans and overdrafts (see note 16) 1,658 Trade creditors 5,911 Social security and other taxes 3,205 Accruals and deferred income 7,438 18,212 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.9.21 £ Bank loans (see note 16) - 16. LOANS An analysis of the maturity of loans is given below: 30.9.21 £ Amounts falling due within one year on demand: Bank loans 1,658 Amounts falling between one and two years: Bank loans - 1-2 years - 17. MOVEMENT IN FUNDS Net At movement 1.10.20 in funds £ £ Unrestricted funds General fund 66,387 (22,627) Building extension fund 30,000 (1,552) 96,387 (24,179) Restricted funds Building fund 1,529,173 (114,378) Flying Start - 4,322 1,529,173 (110,056) TOTAL FUNDS 1,625,560 (134,235) |
30.9.20 £ 3,016 4,806 7,822 30.9.20 £ 1,623 8,040 2,714 19,414 31,791 30.9.20 £ 1,658 30.9.20 £ 1,623 1,658 At 30.9.21 £ 43,760 28,448 72,208 1,414,795 4,322 1,419,117 1,491,325 |
|---|---|
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Building extension fund Restricted funds Building fund Flying Start TOTAL FUNDS |
Incoming resources £ 249,012 - 249,012 12,552 42,065 54,617 303,629 |
Resources Movement expended in funds £ £ (271,639) (22,627) (1,552) (1,552) (273,191) (24,179) (126,930) (114,378) (37,743) 4,322 (164,673) (110,056) (437,864) (134,235) |
|---|---|---|
Comparatives for movement in funds
| At 1.10.19 £ Unrestricted funds General fund 45,890 Building extension fund - 45,890 Restricted funds Building fund 1,652,668 Flying Start 6,160 1,658,828 TOTAL FUNDS 1,704,718 Comparative net movement in funds, included in the above are a Unrestricted funds General fund Restricted funds Building fund Flying Start TOTAL FUNDS |
Net movement in funds £ 50,497 - 50,497 (123,495) (6,160) (129,655) (79,158) s follows: Incoming resources £ 324,814 5,000 64,526 69,526 394,340 |
Transfers between funds £ (30,000) 30,000 - - - - - Resources expended £ (274,317) (128,495) (70,686) (199,181) (473,498) |
At 30.9.20 £ 66,387 30,000 96,387 1,529,173 - 1,529,173 1,625,560 Movement in funds £ 50,497 (123,495) (6,160) (129,655) (79,158) |
|
|---|---|---|---|---|
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Building extension fund Restricted funds Building fund Flying Start TOTAL FUNDS |
At 1.10.19 £ 45,890 - 45,890 1,652,668 6,160 1,658,828 1,704,718 |
Net movement in funds £ 27,870 (1,552) 26,318 (237,873) (1,838) (239,711) (213,393) |
Transfers between funds £ (30,000) 30,000 - - - - - |
At 30.9.21 £ 43,760 28,448 |
|---|---|---|---|---|
| 72,208 1,414,795 4,322 |
||||
| 1,419,117 | ||||
| 1,491,325 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Building extension fund Restricted funds Building fund Flying Start TOTAL FUNDS |
Incoming resources £ 573,826 - 573,826 17,552 106,591 124,143 697,969 |
Resources Movement expended in funds £ £ (545,956) 27,870 (1,552) (1,552) (547,508) 26,318 (255,425) (237,873) (108,429) (1,838) (363,854) (239,711) (911,362) (213,393) |
|---|---|---|
18. EMPLOYEE BENEFIT OBLIGATIONS
At the year end, the charity had a balance due to its defined contribution pension scheme in the sum of £596 (2020: £541).
continued...
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BRYMBO & TANYFRON REGENERATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th September 2021.
20. GUARANTEE BY MEMBERS
The company is limited by guarantee, and at the year end had 3 members (2020: 4 members). Each member has undertaken to pay £5 to the company in the event that it is wound up. The value of the guarantee at 30th September 2021 is, therefore, £15 (2020: £2).
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