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2022-12-31-accounts

Company registration number: 05680324 Charity registration number: 1117151

The Pontarddulais Partnership

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 December 2022

The Pontarddulais Partnership

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 9
Accountants' Report 10
Statement of Financial Activities 11 to 12
Balance Sheet 13
Statement of Cash Flows 14
Notes to the Financial Statements 15 to 25

The Pontarddulais Partnership

Reference and Administrative Details

Chairman Mrs Alison Elizabeth Wilson Trustees Mrs Jane Eleanor Harris Reverend John Gillibrand Mr Andrew Edwards Reverend Ian Morris Mrs Beryl Rona Ellis-Davis Mr Philip Downing Mrs Lisa Hayward-Scutt Mr John Howard Evans C Eng Secretary Mrs Beryl Rona Ellis-Davis Charity Registration Number 1117151 Company Registration Number 05680324 The charity is incorporated in Wales. Registered Office Canolfan Y Bont 28 Dulais Road Pontarddulais Swansea SA4 8PA Independent Examiner A&L Accountancy Limited 196 St Teilo Street Pontardulais SWANSEA SA4 8LQ

Page 1

The Pontarddulais Partnership

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mrs Jane Eleanor Harris Reverend John Gillibrand Mr Kelvin Williams (resigned 20 July 2022) Mr Andrew Edwards Reverend Ian Morris Mrs Beryl Rona Ellis-Davis Ms Georgina Horne (resigned 20 July 2022) Mr Philip Downing Ms Victoria Morgan-Beattie (resigned 20 July 2022) Mrs Lisa Hayward-Scutt Mr John Howard Evans C Eng Mrs Norma Elizabeth Davies (resigned 20 July 2022) Chairman: Mrs Alison Elizabeth Wilson Secretary: Mrs Beryl Rona Ellis-Davis Senior Management / Leadership Ms Catherine Harris, Centre Manager Team:

Trustees’ Report for the year ended 31 December 2022

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 2022 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. It 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.

Page 2

The Pontarddulais Partnership

Trustees' Report

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 are 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.

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. 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.

Organisational Structure

The Management Committee is responsible for the strategic direction and policy of the charity. At present the Committee has nine 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 Manager and the Chair. 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.

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.

Page 3

The Pontarddulais Partnership

Trustees' Report

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.

Improve evaluation activities for all projects undertaken by the Partnership.

Ensuring our work delivers our aims:

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:

This year much of our work focused on recovery from the Covid-19 pandemic however we achieved the following:

Projects this year included;

Page 4

The Pontarddulais Partnership

Trustees' Report

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:

Friends of Coed Bach Park Pontarddulais Cricket Club Pontarddulais Town Council

Schools (3) Methodist Church Swansea Council

Our Place Age Concern Pontarddulais Job Centre Plus

Pontarddulais Library Women’s Institute Merched Y Wawr

Tesco Pontarddulais Pontarddulais Football Club 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 Church in Wales

Pontarddulais Family History Group South Wales Police

MP & Assembly Member Coed Bach Bowls Club

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.

Coed Bach Park: refurbishment of the children’s play area; provision of an outdoor multi-gym featuring 12 individual pieces of inclusive equipment; provision of match funding for a 1-2-1 basketball area in the young people’s facility at the park. Continued support to the Friends of Coed Bach Park group in applying for funding for new environmental developments and ecological improvements.

Food Bank: Giving people an opportunity to deal with emergency situations as they arise and working with people to prevent food poverty and encourage food security. Provision of assistance to those people using pre-payment meters for energy via a partnership with the Fuel Bank Foundation.

Page 5

The Pontarddulais Partnership

Trustees' Report

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 obtaining for funding for projects and their sustainability.

Finance: Throughout 2022 the Partnership have begun the recovery from the pandemic which has included income generation opportunities. Grant funding, raffles, room hire and donations throughout the year have helped towards the long-term sustainability of the organisation.

Canolfan Y Bont Centre: Canolfan y Bont over the past 13 years has undergone significant expansion and diversification of its activities, all aimed at achieving sustainability and serving the local community of Pontarddulais and the surrounding area. Here are some key points about the centre’s activities and impact:

Diverse Range of Activities: Canolfan y Bont has broadened its scope of activities, offering a wide variety of programmes and services. These include learning opportunities for adults of all ages and a strong emphasis on promoting digital inclusion to ensure that everyone in the community has access to digital resources and skills.

Community Engagement: The centre is actively engaged with the entire demographic of Pontarddulais and its surrounding areas. It is responsive to the evolving needs of the community, which ensures that its services remain relevant of beneficial.

Promotion and Marketing: Canolfan y Bont uses various marketing strategies to raise its profile and reach a wider audience. This includes social media, internet platforms and traditional marketing materials like leaflets.

Local Community Resource: One of the main impacts of the centre is its role as a local community resource. It provides a valuable facility for various agencies to meet the needs of the local population efficiently.

Access to Training and Learning: The centre plays a vital role in improving the health and well-being of local residents by offering access to training and learning opportunities. This can enhance skills and employability, contributing to the overall quality of life for the community.

Accessibility to Work: Canolfan y Bont facilitates accessibility to work, which is crucial for economic stability and personal development. This may involve job training, employment support, or other related services.

Support Services: The centre also serves as a hub for essential support services. It hosts a food bank, ensuring that those in need have access to food resources, and it provides ongoing welfare support to the community.

Supporting Local Businesses: Canolfan y Bont accommodates several small businesses within its premises. These businesses, including a tea room, mental health support, accountancy services, beautician, cleaning services, celebration cake maker, not only contribute to the local economy but also offer convenience and variety to the community.

In summary, Canolfan y Bont has evolved into a multi-faceted community centre that plays a vital role in the well-being and development of Pontarddulais and its surrounding areas. Its diverse range of activities, commitment to community engagement, and support for local businesses make it a significant asset to the region.

Financial review

Funding generally is centred around the provision of grants from a variety of agencies together with income generation activities. It must be said that grants appear to be harder to come by and many of the seemingly local grant providers do not see the benefit of our projects and organisation and as a result we are often unsuccessful in gaining funds from these sources. Swansea Council are a major supporter of the Partnership and the work it does for the community together with smaller, independent grant making trusts.

Principal Funding Sources

Page 6

The Pontarddulais Partnership

Trustees' Report

The principle funding sources for the charity in 2022 have been grants and donations from the following trusts: Western Power Distribution; Communities Aid Foundation; Swansea Council; Tesco Bags for Help; The Good Things Foundation; and the Fuel Bank Foundation. We also receive 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 have examined 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:

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 systems to ensure compliance with current legislation.

  2. Seek funding and deliver opportunities for young people’s activities within the town.

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

  4. Promote the welfare support element of the Food Bank and work towards ensuring people can

    1. achieve food and energy security.

Page 7

The Pontarddulais Partnership

Trustees' Report

  1. Enhance the Coed Bach Nature Trail and pathway.

  2. Implement a Volunteer Bank to promote volunteering throughout Pontarddulais.

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

    1. internet.

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

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:

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

Page 8

The Pontarddulais Partnership

Trustees' Report

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

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

Page 9

Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of The Pontarddulais Partnership for the Year Ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Pontarddulais Partnership for the year ended 31 December 2022 as set out on pages 11 to 25 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that The Pontarddulais Partnership has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of The Pontarddulais Partnership. You consider that The Pontarddulais Partnership is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Pontarddulais Partnership. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Date:.............................

Page 10

The Pontarddulais Partnership

Statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Investment income
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
21,565
-
17,026
38,591
(29,177)
(25,046)
(54,223)
(15,632)
82,377
66,745
58,762
125,507		 Restricted
funds
£
67,235
-
-
67,235
-
(110,160)
(110,160)
(42,925)
66,000
23,075
(7,851)
15,224		 Endowment
funds
£
-
2,068
-
2,068
-
-
-
2,068
(148,377)
(146,309)
148,377
2,068		 Total
2022
£
88,800
2,068
17,026
107,894
(29,177)
(135,206)
(164,383)
(56,489)
-
(56,489)
199,288
142,799

The notes on pages 15 to 25 form an integral part of these financial statements. Page 11

The Pontarddulais Partnership

Statement of Financial Activities for the Year Ended 31 December 2022 (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/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
146,956
144
-
5,360
152,460
(2,607)
(88,724)
(2,367)
(93,698)
58,762
58,762
-
58,762		 Restricted
funds
£
13,180
-
-
-
13,180
(18,031)
(3,000)
-
(21,031)
(7,851)
(7,851)
-
(7,851)		 Endowment
funds
£
-
-
1,858
-
1,858
-
-
-
-
1,858
1,858
146,519
148,377		 Total
2021
£
160,136
144
1,858
5,360
167,498
(20,638)
(91,724)
(2,367)
(114,729)
52,769
52,769
146,519
199,288

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 19.

The notes on pages 15 to 25 form an integral part of these financial statements. Page 12

The Pontarddulais Partnership

(Registration number: 05680324) Balance Sheet as at 31 December 2022

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		 2022
£
5,328
43,873
49,201
449
94,734
95,183
(1,585)
93,598
142,799
2,068
15,224
125,507
142,799		 2021
£
7,105
43,873
50,978
1,012
149,499
150,511
(2,201)
148,310
199,288
148,377
(7,851)
58,762
199,288

For the financial year ending 31 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 11 to 25 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

.........................................

Mrs Alison Elizabeth Wilson Chairman

The notes on pages 15 to 25 form an integral part of these financial statements. Page 13

The Pontarddulais Partnership

Statement of Cash Flows for the Year Ended 31 December 2022

Note
Cash flows from operating activities
Net cash (expenditure)/income
Adjustments to cash flows from non-cash items
Depreciation
7, 9
Investment income
5
Working capital adjustments
Decrease/(increase) in debtors
16
(Decrease)/increase in creditors
18
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
5
Purchase of tangible fixed assets
14
Net cash flows from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Out of balance to Cash at bank and in hand category		 2022
£
(56,489)
1,777
(2,068)
(56,780)
563
(616)
(56,833)
2,068
-
2,068
(54,765)
149,499
94,734
-		 2021
£
52,769
2,367
(1,858)
53,278
(527)
440
53,191
1,858
(5,416)
(3,558)
49,633
99,868
149,501
2

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 15 to 25 form an integral part of these financial statements. Page 14

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

1 Charity status

The charity is limited by guarantee, incorporated in Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

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

Authorised for issue date

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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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.

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.

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.

Page 15

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

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 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.

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

Page 16

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

Research and development

Research and development expenditure is written off as incurred.

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.

Fund structure

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

Page 17

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

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

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other charities
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
20,565
-
1,000
21,565
146,956		 Restricted
funds
£
7,590
49,649
9,996
67,235
13,180		 Total
funds
£
28,155
49,649
10,996
88,800
160,136

4 Income from other trading activities

Total for 2022
Total for 2021
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
-
144
Endowment
funds
Expendable
£
2,068
2,068
1,858		 Total
funds
£
-
144
Total
funds
£
2,068
2,068
1,858

6 Other income

Page 18

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

Rental income
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
17,026
17,026
5,360		 Total
funds
£
17,026
17,026
5,360

7 Expenditure on raising funds

a) Costs of generating donations and legacies

Note
Allocated support costs
10
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
27,400
27,400
244		 Total
funds
£
27,400
27,400
244

b) Costs of trading activities

Note
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
-
2,363		 Restricted
funds
£
-
18,031		 Total
funds
£
-
20,394

c) Investment management costs

Allocated support costs Total for 2022

Note
10		 Unrestricted
funds
General
£
1,777
1,777		 Total
funds
£
1,777
1,777

Page 19

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

8 Expenditure on charitable activities

Note
Projects
Allocated support costs
10
Governance costs
10
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
11,394
-
-
-
-
-
12,790
862
25,046
88,724		 Restricted
funds
£
7,678
37,259
11,345
35,674
9,014
9,190
-
-
110,160
3,000		 Total
funds
£
19,072
37,259
11,345
35,674
9,014
9,190
12,790
862
135,206
91,724

In addition to the expenditure analysed above, there are also governance costs of £862 (2021 - £58,756) which relate directly to charitable activities. See note 10 for further details.

9 Other expenditure

Note
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
-
2,367		 Total
funds
£
-
2,367

10 Analysis of governance and support costs

Governance costs

Other governance costs
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
862
862
58,756		 Total
funds
£
862
862
58,756

11 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Page 20

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

Depreciation of fixed assets 2022
£
-		 2021
£
2,367

12 Trustees remuneration and expenses

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

13 Taxation

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

Page 21

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

14 Tangible fixed assets

Cost
At 1 January 2022
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
15 Fixed asset investments
Other investments
Other investments
Cost or Valuation
At 1 January 2022
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Furniture and
equipment
£
16,944
16,944
9,839
1,777
11,616
5,328
7,105
2022
£
43,873
Listed
investments
£
43,873
43,873
43,873
43,873		 Furniture and
equipment
£
16,944
16,944
9,839
1,777
11,616
5,328
7,105
2022
£
43,873
Listed
investments
£
43,873
43,873
43,873
43,873		 Total
£
16,944
16,944
9,839
1,777
11,616
5,328
7,105
2021
£
43,873
16,944
9,839
1,777
11,616
5,328
7,105
2022
£
43,873
Listed
investments
£
43,873
Total
£
43,873
43,873
43,873
43,873
43,873
43,873
43,873

Page 22

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

16 Debtors

Trade debtors
Prepayments
Debtors includes £Nil (2021: £600) 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		 2022
£
-
449
449
2022
£
-
2022
£
802
93,932
94,734
2022
£
-
1,056
98
431
1,585		 2021
£
600
412
1,012
2021
£
600
2021
£
330
149,169
149,499
2021
£
26
1,601
231
343
2,201

Page 23

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

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
2022
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Balance at
31
December
2022
£
58,762
38,591
(54,223)
82,377
125,507
(7,851)
67,235
(110,160)
66,000
15,224
148,377
2,068
-
(148,377)
2,068
199,288
107,894
(164,383)
-
142,799
Balance at 1
January 2021
£
Incoming
resources
£
Resources
expended
£
Balance at 31
December
2021
£
-
152,460
(93,698)
58,762
-
13,180
(21,031)
(7,851)
146,519
1,858
-
148,377
146,519
167,498
(114,729)
199,288		 Balance at 1
January
2022
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Balance at
31
December
2022
£
58,762
38,591
(54,223)
82,377
125,507
(7,851)
67,235
(110,160)
66,000
15,224
148,377
2,068
-
(148,377)
2,068
199,288
107,894
(164,383)
-
142,799
Balance at 1
January 2021
£
Incoming
resources
£
Resources
expended
£
Balance at 31
December
2021
£
-
152,460
(93,698)
58,762
-
13,180
(21,031)
(7,851)
146,519
1,858
-
148,377
146,519
167,498
(114,729)
199,288		 Balance at
31
December
2022
£
125,507
15,224
2,068
142,799
199,288

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
£
5,328
43,873
95,183
(1,585)
142,799		 Total funds at
31 December
2022
£
5,328
43,873
95,183
(1,585)
142,799

Page 24

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2022

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
7,105
43,873
150,511
(2,201)
199,288		 Total funds at
31 December
2021
£
7,105
43,873
150,511
(2,201)
199,288

Page 25

The Pontarddulais Partnership

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

Income and Endowments from:
Donations and legacies (analysed below)
Other trading activities (analysed below)
Investment income (analysed below)
Other income (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2022
£
88,800
-
2,068
17,026
107,894
(29,177)
(135,206)
-
(164,383)
(56,489)
(56,489)
199,288
142,799		 Total
2021
£
160,136
144
1,858
5,360
167,498
(20,638)
(91,724)
(2,367)
(114,729)
52,769
52,769
146,519
199,288

This page does not form part of the statutory financial statements. Page 26

The Pontarddulais Partnership

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

Donations and legacies
Appeals and donations
Appeals and donations
UK Government grants
UK Government grants
UK Government grants
UK Government grants
UK Government grants
Grants - other agencies
Grants - other agencies
Other trading activities
Sales of donated goods
Investment income
Interest on cash deposits
Other income
Rental income
Raising funds
Cafe Canolfan Purchases
Cafe Canolfan Purchases
Wages and salaries
Water rates
Computer software and maintenance costs
Printing, postage and stationery
Charitable donations
Hire of plant and machinery (Operating leases)
Hire of plant and machinery (Operating leases)
Advertising
Accountancy fees
Depreciation of office equipment
Charitable activities
Direct costs		 Total
2022
£
7,590
20,565
3,841
33,549
8,853
3,406
-
9,996
1,000
88,800
-
-
2,068
2,068
17,026
17,026
-
-
(14,019)
(403)
(1,071)
(1,118)
(9,322)
(982)
-
-
(485)
(1,777)
(29,177)
(22,892)		 Total
2021
£
13,180
25,642
-
-
-
-
57,713
-
63,601
160,136
144
144
1,858
1,858
5,360
5,360
(18,031)
(419)
-
-
-
-
(244)
-
(894)
(1,050)
-
-
(20,638)
-

This page does not form part of the statutory financial statements. Page 27

The Pontarddulais Partnership

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

Direct costs
Direct costs
Wages and salaries
Wages and salaries
Wages and salaries
Projects
Projects
Projects
Projects
Charitable donations
Charitable donations
Light, heat and power
Repairs and maintenance
Telephone and fax
Office expenses
Printing, postage and stationery
Advertising
Wages and salaries
Water rates
Light, heat and power
Insurance
Insurance
Repairs and maintenance
Telephone and fax
Office expenses
Computer software and maintenance costs
Printing, postage and stationery
Travel and subsistence
Accountancy fees
Bank charges
Other expenditure
Depreciation of office equipment		 Total
2022
£
(3,140)
(11,394)
(11,345)
(12,782)
(5,874)
-
(37,259)
-
-
(7,678)
(9,190)
(5,386)
(4,039)
(1,388)
(1,320)
(7)
(650)
-
-
-
-
(862)
-
-
-
-
-
-
-
-
(135,206)
-
-		 Total
2021
£
-
(10,650)
-
-
-
(18,771)
-
(3,000)
(547)
-
-
-
-
-
-
-
-
(39,594)
(99)
(4,797)
(794)
-
(4,059)
(1,052)
(2,317)
(1,468)
(3,941)
(148)
(475)
(12)
(91,724)
(2,367)
(2,367)

This page does not form part of the statutory financial statements. Page 28