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2020-12-31-accounts

Company registration number: 05680324 Charity registration number: 1117151

The Pontarddulais Partnership

(A company limited by share capital)

Annual Report and Financial Statements

for the Year Ended 31 December 2020

The Pontarddulais Partnership

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10 to 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 24

The Pontarddulais Partnership

Reference and Administrative Details

Chairman

Trustees

Secretary

Mrs Alison Elizabeth Wilson Mrs Jane Eleanor Harris Reverend John Gillibrand Mrs Christine Thomas Mr Kelvin Williams Mr Andrew Edwards Reverend Ian Morris Mrs Beryl Rona Ellis-Davis Ms Georgina Horne Mr Philip Downing Ms Victoria Morgan-Beattie Mrs Lisa Hayward-Scutt Mr John Howard Evans C Eng Mrs Norma Elizabeth Davies Mrs Beryl Rona Ellis-Davis

Principal Office

Company Registration Number Charity Registration Number Independent Examiner

Canolfan Y Bont 28 Dulais Road Pontarddulais Swansea SA4 8PA

The charity is incorporated in Wales. 05680324

1117151 A&L Accountancy Limited 196 St Teilo Street Pontardulais SWANSEA SA4 8LQ

Page 1

The Pontarddulais Partnership

Trustees' Report

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their report and financial statements for the year ended 31 December 2020 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006 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 (FRS102) (effective 1 January 2015).

Structure, Governance and Management

Governing Document

The charity is a charitable company limited by guarantee and was incorporated on 19 January 2006 and is governed by its Memorandum and Articles of Association as amended by special resolution dated 7 November 2006. In the event of the company being wound up, members are required to contribute an amount not exceeding £10. The company acquired charitable status on 6 December 2006.

Recruitment and Appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. Any expenses reclaimed from the charity are set out in the accounts. In an effort to maintain a broad skill mix, members of the Management Committee are requested to provide a list of their skills.

Trustee Induction and Training

Most trustees are already familiar with the practical work of the charity because of their local experience. New trustees are expected to familiarise themselves with the documentation and invited and encouraged to attend training sessions as identified and required.

Charity Commission publications signposted through the Commission’s guide “the Essential Trustee” are used as a follow up to these sessions. This is available to all new trustees along with the Memorandum and Articles, the latest financial statements and policies. Trustees are expected to attend training on issues such as safeguarding, health and safety, employment legislation, equality and diversity, and finance if appropriate.

The Obligations of Management Committee members

The main documents, which set out the operational framework for the charity include the Memorandum of Agreement and Articles of Association, and the current financial position as set out in the latest published accounts and future plans and objectives.

Risk Management

A risk register has been established and is updated as required and at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have highlighted the need to develop a strategic business plan which will emphasis the need for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre.

Page 2

The Pontarddulais Partnership

Trustees' Report

Organisational Structure

The Management Committee is responsible for the strategic direction and policy of the charity. At present the Committee has fourteen members from a variety of backgrounds relevant to the work of the charity. Day to day responsibility for the provision of the services rest with the Chair and the Manager. The Chair is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Manager is responsible for the day to day operational management of Canolfan y Bont and the Partnership including the submission of funding applications, monitoring of projects, management of volunteers, service delivery and to ensure that skills and working practices are developed in line with good practice. The Manager also considers ways in which all projects undertaken by the Partnership can remain sustainable.

Related Parties

Insofar as it is complimentary to the charity’s objectives; the charity is guided by both local and national policy. The representation of local organisations within a range of groups has proved invaluable to the charity in establishing links across the wider community and identifying relevant national and local policy initiatives and the potential and range of funding.

Covid-19 Crisis

For the most part of 2020 we, alongside the entire country, were presented with significant challenges associated with Covid-19. As an organisation we rapidly adapted to new ways of working to meet the Covid-19 related needs for support and assistance within our community. Our staff and volunteers rose to the challenge of putting in place an emergency response project to provide support to all those who were shielding, isolating or generally vulnerable. At this point, and as Chair of the organisation, I would like to thank our staff and volunteers and Trustees and note their dedication and commitment to supporting people in such difficult circumstances.

Vision:

To develop Pontarddulais as an attractive place where people have a good quality of life and where people choose to visit.

Aims

To improve the quality of life for the community, developing inclusive quality services and promoting a sense of pride and community spirit.

To improve the environment so that Pontarddulais is an attractive place to live, that recognises the historical influences, offers a range of quality services and is a place that people choose to visit.

To support and promote economic development locally to ensure that there are adequate job prospects and to support the employability of local people, working towards funding suitable placements for young adults with learning disabilities.

Improve communication both within the town and the wider area.

Encourage and nurture vulnerable members of the Community to get involved, particularly those who are socially isolated, elderly, and those with learning disabilities who find it difficult to fit in with mainstream activities.

Develop and communicate an ongoing evaluation for all activities undertaken by the Partnership.

Ensuring our work delivers our aims

Page 3

The Pontarddulais Partnership

Trustees' Report

We review our aims, objectives and activities each year. This review looks at what we achieved against our aims and objectives, and the outcomes of our work in the previous 12 months. The trustees consider how planned activities will contribute to the aims and objectives they have set.

The main objectives that were achieved for the year:

As aforementioned, our work was repurposed due to the pandemic however we achieved the following:

Projects this year included;

Working in partnership with other agencies to ensure that the widest range of services is available locally which meets the needs of local people including:

Page 4

The Pontarddulais Partnership

Trustees' Report

Friends of Coed Bach Park Pontarddulais Cricket Club Swansea University Pontarddulais Town Council Methodist Church Swansea Council

Our Place Age Concern Pontarddulais Schools (3)

Cor Meibion Pontarddulais Job Centre Plus Pontarddulais Library Women’s Institute Merched Y Wawr Tesco Pontarddulais

Pontarddulais Football Club Friends of LT Old Church Bont Elim Community Church

Pontarddulais Rugby Club Swansea Lifelong Learning Local Area Co-ordination Team

Gower College Pontarddulais Senior Citizens SCVS

U3A Pontarddulais Royal British Legion – Pontarddulais Llwchwr Patient Carer Forum

4th Lliw Valley Scouts Dance to Health (Falls Prevention) Historical Association - Swansea

Church in Wales Pontarddulais Family History Group St John’s Ambulance

South Wales Police MP & Assembly Member Pontlliw & Tircoed Comm Council Mawr Community Council Social Services

How our activities deliver public benefit

All our charitable activities focus on promoting communication and involvement so that any development/initiatives reflect the views and needs of the community. We are working towards an Asset Based Community Development approach to identify and gather information to provide community cohesion.

Project Activity Delivered and who benefited from our services:

Railway Station: Work with U3A and Merched y Wawr to maintain the planters and entrance to the station as and when Covid-19 restrictions allowed

MUGA: The MUGA, whilst in situ, is in need of upgrading and grants will be sought to facilitate this in the 2021/22 period. Other new projects and developments will also be considered.

Coed Bach Park: support to the Friends of Coed Bach Park group in applying for funding for new environmental developments and ecological improvements and the provision of improved areas for children and the disabled.

Cooking & Nutrition Project: Employing staff to work with vulnerable people including children to improve their cooking and budgeting skills and have some fun (this project was curtailed at the end of February 2020 due to the pandemic).

Food Bank: Giving people an opportunity to deal with emergency situations as they arise.

Wider community support: provision of support to people seeking employment or wishing to improve their quality of life and financial situation. Support to other organisations in their quest for funding towards sustainability.

Finance: Throughout 2020 the Partnership were unable to generate income due to the pandemic. We are hopeful that 2021 will be a more prosperous year and that our income generation activities can continue. Grant funding and donations throughout the year have bolstered the organisation throughout the pandemic.

Page 5

The Pontarddulais Partnership

Trustees' Report

Canolfan Y Bont Centre: Because of the pandemic a decision was taken by the Manager in consultation with the Management Team to close the charity shop. Consideration as to how the facility can re-open safely in the future are currently being progressed. During the pandemic Canolfan y Bont was repurposed to house the services needed by the Emergency Community Response to the pandemic. For most of the year, the Centre was closed to the general public however staff, volunteers and the Management Team ensured that it remained open to deliver essential services including the food bank which, at the height of the pandemic, delivered over 3,000 emergency food parcels. Prior to the pandemic, new LED lighting panels were installed throughout the ground floor of the building together with general redecoration in preparation for the possible re-opening of the Centre.

Canolfan y Bont has, in the past 10 years, expanded its range of activities helping it to become self-sustaining. Work is ongoing to raise the profile of the Centre which will continue to offer a diverse range of activities including learning opportunities for adults of all ages, and the promotion of digital inclusion for all ages. Work is focused on engaging the entire demographic that is Pontarddulais and the surrounding area. Promotion and marketing activities continue and will develop further through the use of social media; the internet; leaflets and a website.

The main impact of Canolfan y Bont is the retention of a local skills, learning and community resource centre for Pontarddulais which offers a variety of agencies an excellent facility in which to meet the needs of the population. It provides local people with easier access to training and learning opportunities to improve the health and wellbeing of local people and provides accessibility to work. It hosts a food bank and provides welfare support to the community.

Financial review

Against the backdrop of Covid-19 and a reduction in the opportunity to generate income, the Pontarddulais Partnership has continued to develop and access grant funding supported by Swansea Council for Voluntary Services.

Principal Funding Sources

The principle funding sources for the charity have been by way of grants and donations from the Baily Thomas Foundation, Mynydd y Gwair (Wind Farm), Communities Aid Foundation, Western Power Distribution, Welsh Government Food Poverty Fund, Neighbourly, Masonic Benevolent Fund, Tesco Bags for Help, Admiral Insurance, St Bride’s Catholic Church, Independent Food Aid Network, Pontlliw & Tircoed Community Council, Pontarddulais Town Council, SCVS, Mawr Community Council, and Swansea City Council. We also benefitted from monetary donations from a number of local businesses and community members.

Investment Policy

Aside from retaining a prudent amount of unrestricted funds in reserves each year, most of the charity’s funds are restricted by the projects identified in the short term.

Reserves Policy

The Management Committee did examine the charity’s requirements for reserves in light of the main risks to the organisation and decided a policy was required to agree how funds not committed by grant funders or invested in tangible fixed assets held by the charity should be managed. A reserves policy has been developed and implemented whereby 6-months of operational reserves are restricted.

Plans for Future Periods

The Partnership needs to continue to develop:

Page 6

The Pontarddulais Partnership

Trustees' Report

Activities for the forthcoming year

We will continue to encourage community members and volunteers to identify potential new initiatives that will enhance to town and country.

  1. Maintain the café and maintain systems to ensure compliance with current legislation.

  2. Seek funding and deliver a new children’s play area in Coed Bach Park and consider

    1. development of further play areas and/or young peoples facilities within the town.

  4. Promote a reduce, reuse and recycle approach for all Partnership projects and activities.

  5. Promote the welfare support element of the Food Bank.

  6. Complete the Coed Bach Nature Trail and pathway.

  7. Review the Canolfan y Bont building and develop a ‘hot-desk’ facility for those people working

    1. from home who would benefit from the companionship provided by others.

  9. Promote work and projects to benefit young families and older people, including access to the

    1. internet.

  11. Continue to develop projects which utilise the skills of people within the community.

Independent examiner’s report to the Trustees of The Pontarddulais Partnership

Statement of trustee’s responsibilities in relation to the financial statements

The Charity’s trustees are responsible for preparing a Trustee’s annual report and financial statements in accordance with applicable law and United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to Charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements the trustees have:

Page 7

The Pontarddulais Partnership

Trustees' Report

The trustees have overall responsibility for ensuring that the charity has appropriate systems of control, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006 and Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

The business of the company is managed by the trustees.

This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to the smaller company.

This report was approved by the Board on and signed on its behalf by

…..………………………………………………………..

Trustee/Director

..…………………………………………………………..

Date

Page 8

The Pontarddulais Partnership

Independent Examiner's Report to the trustees of The Pontarddulais Partnership

I report on the accounts of the charity for the year ended 31 December 2020 which are set out on pages 10 to 24

.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

...................................... A&L Accountancy Ltd

196 St Teilo Street Pontardulais SWANSEA SA4 8LQ

24 August 2021

Page 9

The Pontarddulais Partnership

Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Investment income
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Other expenditure
9
Total expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
49,109
1,710
-
15,158
65,977
(5,055)
(56,973)
(1,353)
(63,381)
2,596
31,300
33,896
62,956
96,852		 Restricted
funds
£
51,034
-
-
-
51,034
(16,033)
-
-
(16,033)
35,001
-
35,001
10,925
45,926		 Endowment
funds
£
-
-
1,847
-
1,847
-
-
-
-
1,847
(31,300)
(29,453)
33,196
3,743		 Total
2020
£
100,143
1,710
1,847
15,158
118,858
(21,088)
(56,973)
(1,353)
(79,414)
39,444
-
39,444
107,077
146,521

Page 10

The Pontarddulais Partnership

Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Investment income
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Other expenditure
9
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
1,102
10,617
-
15,267
26,986
(6,275)
(62,083)
(1,808)
(70,166)
(43,180)
(43,180)
106,136
62,956		 Restricted
funds
£
3,435
-
-
-
3,435
(1,731)
-
(3,672)
(5,403)
(1,968)
(1,968)
12,893
10,925		 Endowment
funds
£
31,300
-
1,896
-
33,196
-
-
-
-
33,196
33,196
-
33,196		 Total
2019
£
35,837
10,617
1,896
15,267
63,617
(8,006)
(62,083)
(5,480)
(75,569)
(11,952)
(11,952)
119,029
107,077

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 19.

Page 11

The Pontarddulais Partnership

(Registration number: 05680324) Balance Sheet as at 31 December 2020

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
17
Creditors: Amounts falling due within one year
18
Net current assets
Net assets
Funds of the charity:
Endowment funds
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
19		 2020
£
4,056
43,873
47,929
485
99,868
100,353
(1,761)
98,592
146,521
3,743
45,926
96,852
146,521		 2019
£
5,409
46,328
51,737
777
54,494
55,271
69
55,340
107,077
33,196
10,925
62,956
107,077

For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

Page 12

The Pontarddulais Partnership

(Registration number: 05680324) Balance Sheet as at 31 December 2020

The financial statements on pages 10 to 24 were approved by the trustees, and authorised for issue on 24 August 2021 and signed on their behalf by:

......................................... Mrs Alison Elizabeth Wilson Chairman

Page 13

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

1 Charity status

The charity is limited by share capital, incorporated in Wales.

The address of its registered office is: Canolfan Y Bont 28 Dulais Road Pontarddulais Swansea SA4 8PA

These financial statements were authorised for issue by the trustees on 24 August 2021.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

The Pontarddulais Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

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 by the charity 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 these conditions will be fulfilled in the reporting period.

Page 14

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Tangible fixed assets

Individual fixed assets costing £50.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Page 15

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Office equipment

Depreciation method and rate 25% reducing balance

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and

3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.

Page 16

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

3 Income from donations and legacies

Unrestricted
funds
General
£
Donations and legacies;
Donations from individuals
9,119
Grants, including capital grants;
Government grants
30,000
Grants from other charities
9,990
49,109
4
Income from other trading activities
Trading income;
Shop income from sale of donated goods and services
Sales of goods and services
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits		 Restricted
funds
£
12,806
5,400
32,828
51,034
Unrestricted
funds
General
£
346
1,364
1,710
Endowment
funds
Expendable
£
1,847		 Total
2020
£
21,925
35,400
42,818
100,143
Total
2020
£
346
1,364
1,710
Total
2020
£
1,847		 Total
2019
£
4,537
-
31,300
35,837
Total
2019
£
4,448
6,169
10,617
Total
2019
£
1,896

Page 17

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

6 Other income

Rental income Unrestricted
funds
General
£
15,158		 Total
2020
£
15,158		 Total
2019
£
15,267

7 Expenditure on raising funds

a) Costs of generating donations and legacies

Note
Allocated support costs
10		 Unrestricted
funds
General
£
1,199		 Restricted
funds
£
12,070		 Total
2020
£
13,269

b) Costs of trading activities

Note
Costs of goods sold
Allocated support costs
10		 Unrestricted
funds
General
£
2,853
1,003
3,856		 Restricted
funds
£
3,963
-
3,963		 Total
2020
£
6,816
1,003
7,819		 Total
2019
£
7,325
681
8,006

Page 18

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

8 Expenditure on charitable activities

Note
Projects
Governance costs
10
9
Other expenditure
Note
Depreciation, amortisation and other similar costs		 Unrestricted
funds
General
£
9,195
47,778
56,973
Unrestricted
funds
General
£
1,353
1,353		 Total
2020
£
9,195
47,778
56,973
Total
2020
£
1,353
1,353		 Total
2019
£
9,854
52,229
62,083
Total
2019
£
5,480
5,480

10 Analysis of governance and support costs

Governance costs

Other governance costs
Allocated support costs
11 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
Depreciation of fixed assets		 Unrestricted
funds
General
£
2,455
45,323
47,778		 Total
2020
£
2,455
45,323
47,778
2020
£
1,353		 Total
2019
£
684
51,545
52,229
2019
£
1,808

Depreciation of fixed assets

12 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

Page 19

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 20

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

14 Tangible fixed assets
Cost
At 1 January 2020
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019
15 Fixed asset investments
Other investments
Other investments
Cost or Valuation
At 1 January 2020
Revaluation
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Furniture and
equipment
£
11,528
11,528
6,119
1,353
7,472
4,056
5,409
2020
£
43,873
Listed
investments
£
46,328
(2,455)
43,873
43,873
46,328		 Total
£
11,528
11,528
6,119
1,353
7,472
4,056
5,409
2019
£
46,328
Total
£
46,328
(2,455)
43,873
43,873
46,328

Page 21

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

16 Debtors

Trade debtors
Prepayments
Other debtors
Debtors includes £Nil (2019: £280) receivable after more than one year.
Trade debtors
17 Cash and cash equivalents
Cash on hand
Cash at bank
18 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2020
£
-
382
103
485
2020
£
-
2020
£
231
99,637
99,868
2020
£
-
1,294
167
300
1,761		 2019
£
280
447
50
777
2019
£
280
2019
£
203
54,291
54,494
2019
£
161
(603)
85
288
(69)

Page 22

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

19 Funds

Unrestricted funds
General
Restricted funds
Endowment funds
Expendable
Total funds
Unrestricted funds
General
Restricted funds
Endowment funds
Expendable
Total funds		 Balance at 1
January
2020
£
Incoming
resources
£
Resources
expended
£
Transfers
£
62,956
65,977
(63,381)
31,300
10,925
51,034
(16,033)
-
-
3,743
-
-
73,881
120,754
(79,414)
31,300
Balance at 1
January 2019
£
Incoming
resources
£
Resources
expended
£
106,136
26,986
(70,166)
12,893
3,435
(5,403)
-
33,196
-
119,029
63,617
(75,569)		 Transfers
£
31,300
-
-		 Balance at
31
December
2020
£
96,852
45,926
3,743
146,521
Balance at 31
December
2019
£
62,956
10,925
33,196		 Balance at
31
December
2020
£
96,852
45,926
3,743
31,300 146,521
107,077

20 Analysis of net assets between funds

20 Analysis of net assets between funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
4,056
43,873
100,353
(1,761)
146,521		 Total funds
£
4,056
43,873
100,353
(1,761)
146,521

Page 23

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2020

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
5,409
46,328
55,271
69
107,077		 Total funds
£
5,409
46,328
55,271
69
107,077

Page 24

The Pontarddulais Partnership

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted
funds
General
£
Income and Endowments from:
Donations and
legacies (analysed
below)
49,109
Other trading
activities (analysed
below)
1,710
Investment income
(analysed below)
-
Other income
(analysed below)
15,158
Total income
65,977
Expenditure on:
Raising funds
(analysed below)
(5,055)
Charitable activities
(analysed below)
(56,973)
Other expenditure
(analysed below)
(1,353)
Total expenditure
(63,381)
Net
income/(expenditure)
2,596
Transfers between
funds (analysed
below)
31,300
Net movement in
funds
33,896
Reconciliation of funds
Total funds brought
forward
62,956
Total funds carried
forward
96,852		 2020 Endowment
funds
Expendable
£
-
-
1,847
-
1,847
-
-
-
-
1,847
(31,300)
(29,453)
33,196
3,743		 2020
Total
£
100,143
1,710
1,847
15,158
118,858
(21,088)
(56,973)
(1,353)
(79,414)
39,444
-
39,444
107,077
146,521		 Total
2019
£
35,837
10,617
1,896
15,267
Restricted
funds
£
51,034
-
-
-
51,034
(16,033)
-
-
(16,033)
35,001
-
35,001
10,925
45,926
63,617
(8,006)
(62,083)
(5,480)
(75,569)
(11,952)
-
(11,952)
119,029
107,077

Page 25

The Pontarddulais Partnership

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Donations and legacies
Appeals and donations
Appeals and donations
UK Government grants
UK Government grants
Grants - other agencies
Grants - other agencies
Grants - other agencies
Grants - other agencies
Grants - other agencies
Grants - other agencies
Grants - other agencies
Other trading activities
Sales of donated goods
Sales of purchased goods
Investment income
Interest on cash deposits
Other income
Rental income
Raising funds
Cafe Canolfan Purchases
Cafe Canolfan Purchases
Wages and salaries
Wages and salaries
Charitable donations
Hire of plant and machinery (Operating leases)
Charitable activities
Projects
Projects
Projects
Kitchen/Food Prep Set Up
(Gain)/loss on programme related investments		 Total
2020
£
12,806
9,119
5,400
30,000
-
2,250
14,266
1,166
14,200
946
9,990
100,143
346
1,364
1,710
1,847
1,847
15,158
15,158
(3,963)
(2,853)
(6,670)
(5,400)
(1,199)
(1,003)
(21,088)
(5,521)
(3,237)
(437)
-
(2,455)		 Total
2019
£
3,435
1,102
-
-
31,300
-
-
-
-
-
-
35,837
4,448
6,169
10,617
1,896
1,896
15,267
15,267
(1,731)
(5,594)
-
-
-
(681)
(8,006)
-
-
(9,854)
(684)
-

Page 26

The Pontarddulais Partnership

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Wages and salaries
Water rates
Light, heat and power
Insurance
Repairs and maintenance
Telephone and fax
Office expenses
Computer software and maintenance costs
Printing, postage and stationery
Travel and subsistence
Accountancy fees
Other expenditure
(Gain)/loss on programme related investments
Depreciation of office equipment		 Total
2020
£
(27,371)
(265)
(4,439)
(829)
(8,585)
(1,610)
(398)
-
(1,094)
(223)
(509)
(56,973)
-
(1,353)
(1,353)		 Total
2019
£
(36,661)
(945)
(4,143)
(702)
(2,978)
(1,296)
(2,279)
(1,378)
(402)
(120)
(641)
(62,083)
(3,672)
(1,808)
(5,480)

Page 27