**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.
Page 1
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.
Page 2
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.
Page 3
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
Page 4
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
Page 5
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
Page 6
## 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
- (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...
Page 7
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
Page 8
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.
continued...
Page 9
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|
continued...
Page 10
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.
continued...
Page 11
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.
continued...
Page 12
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|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
continued...
Page 13
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|
|---|---|
continued...
Page 14
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)|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
continued...
Page 15
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...
Page 16
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).
Page 17