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← The Pontarddulais Partnership

2023-12-31-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 2023

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
Statement of Cash Flows 13
Notes to the Financial Statements 14 to 24

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 Andrew Edwards Reverend Ian Morris Mrs Beryl Rona Ellis-Davis Mr Philip Downing Mrs Lisa Hayward-Scutt Mr John Howard Evans C Eng Chairman: Mrs Alison Elizabeth Wilson Secretary: Mrs Beryl Rona Ellis-Davis Senior Management / Leadership Ms Catherine Harris, Centre Manager Team:

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 2023 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.

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.

Page 2

The Pontarddulais Partnership

Trustees' Report

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 the Partnership and its projects 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.

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.

Page 3

The Pontarddulais Partnership

Trustees' Report

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.

Operate and maintain the Canolfan y Bont community centre and hub including the Pontarddulais Area Food Bank.

Develop and communicate an ongoing evaluation for all activities 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:

As aforementioned, our work was repurposed due to the 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 National Grid

The Ivy’s Men’s & Women’s Shed Job Centre Plus

Pontarddulais Library Women’s Institute Merched Y Wawr

Tesco Pontarddulais MacMillan Distribution Bont Big Bocs Bwyd

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 4th Lliw Valley Scouts Church in Wales

Pontarddulais Family History Group St John’s Ambulance

South Wales Police MP & Assembly Member Pontlliw & Tircoed Comm Council Mawr Community Council Neighbourly Fare Share Cymru

Discretionary Assistance Fund Fuel Bank Foundation The Good Things Foundation

Page 5

The Pontarddulais Partnership

Trustees' Report

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 continue 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.

Food Bank: Giving people an opportunity to deal with emergency situations as they arise, dealing with food poverty, fuel poverty and implementing a period dignity project.

Coed Bach Park: provision of a new playground for children at Coed Bach Park, completion of the Our Place Nature Trail (a collaborative project with Our Place), 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.

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. Help provided to community members with completion of forms for welfare benefits such as Attendance Allowance and Personal Independence Payments (including Disability Living Allowance for disabled children).

Finance: Throughout 2023 the Partnership have worked to generate much needed income through the hire of rooms and space in Canolfan y Bont including co-working spaces. Grant funding, raffles and donations continue to bolster the organisation.

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. During the pandemic Canolfan y Bont was repurposed to house the services needed by the Emergency Community Response to the pandemic. Throughout the recovery period from the pandemic, staff, volunteers and the management team ensured that Canolfan y Bont remained open to deliver essential services including the food bank which, at the height of the pandemic, delivered over 5,000 meals throughout the community. During 2023 a total of 3,120 food parcels were provided to vulnerable community members.

Canolfan y Bont has, in the past 12 years, expanded its range of activities helping it towards sustainability. 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. Work is focused on engaging the entire demographic that is Pontarddulais and the surrounding area and responding to community need. Promotion and marketing activities continue and will develop further through the use of social media; the internet and leaflets.

The main impact of Canolfan y Bont is the retention of a local 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 on a daily basis. It also hosts 4 small businesses, namely Bec the Bake, Pauly’s Tea Room, Growing Wings (counselling for all), and Coron Projects, an exciting new project management company.

Financial review

The hire of rooms generates a good proportion of the income needed to sustain staff and the Canolfan y Bont building. The Partnership continues to develop and access grant funding supported by Swansea Council for Voluntary Services and Swansea Council.

Page 6

The Pontarddulais Partnership

Trustees' Report

Principal Funding Sources

The principle funding sources for the charity throughout the pandemic have been grants and donations from Mynydd y Gwair (Wind Farm); Neighbourly; Tesco Bags for Help; Pontarddulais Town Council, SCVS; Garfield Weston; National Grid; Mawr Community Council; Swansea City Council (Period Dignity; Direct Food Support Fund; COAST; Summer Food Fund; Enabling Communities) and the Big Lottery Community Fund. We also received 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 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 and identify

    1. further areas for development.

  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. Work with Pontarddulais Town Council to provide grant consultancy to generate income for

    1. both the Partnership and wider community.

  8. Implementation of a Volunteer Bank to promote volunteering with community projects

    1. throughout Pontarddulais.

Page 7

The Pontarddulais Partnership

Trustees' Report

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.

The annual report was approved by the trustees of the charity on 27 September 2024 and signed on its behalf by:

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

Page 8

The Pontarddulais Partnership

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

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

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.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

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 Pontarddulais Partnership 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.

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

196 St Teilo Street Pontardulais SWANSEA SA4 8LQ

27 September 2024

Page 9

The Pontarddulais Partnership

Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Investment income
4
Other income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Other expenditure
8
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
18		 Unrestricted
funds
£
48,146
2,238
17,084
67,468
(46,486)
(25,534)
(1,332)
(73,352)
(5,884)
2,068
(3,816)
125,507
121,691		 Restricted
funds
£
52,046
-
-
52,046
-
(46,245)
-
(46,245)
5,801
-
5,801
15,224
21,025		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
(2,068)
(2,068)
2,068
-		 Total
2023
£
100,192
2,238
17,084
119,514
(46,486)
(71,779)
(1,332)
(119,597)
(83)
-
(83)
142,799
142,716

The notes on pages 14 to 24 form an integral part of these financial statements. Page 10

The Pontarddulais Partnership

Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Investment income
4
Other income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Other expenditure
8
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
18		 Unrestricted
funds
£
21,565
-
17,026
38,591
(27,400)
(25,046)
(1,777)
(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
(27,400)
(135,206)
(1,777)
(164,383)
(56,489)
-
(56,489)
199,288
142,799

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 18.

The notes on pages 14 to 24 form an integral part of these financial statements. Page 11

The Pontarddulais Partnership

(Registration number: 05680324) Balance Sheet as at 31 December 2023

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the charity:
Endowment funds
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
18		 2023
£
3,996
43,873
47,869
462
98,374
98,836
(3,989)
94,847
142,716
-
21,025
121,691
142,716		 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

For the financial year ending 31 December 2023 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 10 to 24 were approved by the trustees, and authorised for issue on 27 September 2024 and signed on their behalf by:

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

Mrs Alison Elizabeth Wilson Chairman

The notes on pages 14 to 24 form an integral part of these financial statements. Page 12

The Pontarddulais Partnership

Statement of Cash Flows for the Year Ended 31 December 2023

Note
Cash flows from operating activities
Net cash expenditure
Adjustments to cash flows from non-cash items
Depreciation
6, 8
Investment income
4
Working capital adjustments
(Increase)/decrease in debtors
15
Increase/(decrease) in creditors
17
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
4
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December		 2023
£
(83)
1,332
(2,238)
(989)
(13)
2,404
1,402
2,238
3,640
94,734
98,374		 2022
£
(56,489)
1,777
(2,068)
(56,780)
563
(616)
(56,833)
2,068
(54,765)
149,499
94,734

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

The notes on pages 14 to 24 form an integral part of these financial statements. Page 13

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

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

These financial statements were authorised for issue by the trustees on 27 September 2024.

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 14

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

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 15

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

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 16

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

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 2023
Total for 2022
4
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Total for 2023
Total for 2022
5
Other income
Rental income
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
23,434
15,000
9,712
48,146
21,565
Unrestricted
funds
General
£
2,238
2,238
-		 Restricted
funds
£
2,705
18,859
30,482
52,046
67,235
Endowment
funds
Expendable
£
-
-
2,068
Unrestricted
funds
General
£
17,084
17,084
17,026		 Total
funds
£
26,139
33,859
40,194
100,192
88,800
Total
funds
£
2,238
2,238
2,068
Total
funds
£
17,084
17,084
17,026

Page 17

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

6 Expenditure on raising funds

a) Costs of generating donations and legacies

Note
Allocated support costs
9
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
46,486
46,486
27,400		 Total
funds
£
46,486
46,486
27,400
Total
costs
£

Page 18

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

7 Expenditure on charitable activities

Note
Food Bank
Tackling Poverty
Warm Home Western Power
Allocated support costs
9
Governance costs
9
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
9,758
-
-
14,194
1,582
25,534
25,046		 Restricted
funds
£
16,283
20,071
9,891
-
-
46,245
110,160		 Total
funds
£
26,041
20,071
9,891
14,194
1,582
71,779
135,206

Total expenditure £

In addition to the expenditure analysed above, there are also governance costs of £1,582 (2022 - £862) which relate directly to charitable activities. See note 9 for further details.

8 Other expenditure

Note
Depreciation, amortisation and other similar costs
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
1,332
1,332
1,777		 Total
funds
£
1,332
1,332
1,777

9 Analysis of governance and support costs

Governance costs

Page 19

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

Other governance costs
Allocated support costs
Total for 2023
Total for 2022
10 Net incoming/outgoing resources
Net outgoing resources for the year include:
Depreciation of fixed assets		 Unrestricted
funds
General
£
911
671
1,582
862
2023
£
1,332		 Total
funds
£
911
671
1,582
862
2022
£
1,777

11 Trustees remuneration and expenses

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

12 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 2023

13 Tangible fixed assets

Cost
At 1 January 2023
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
14 Fixed asset investments
Other investments
Other investments
Cost or Valuation
At 1 January 2023
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Furniture and
equipment
£
16,944
16,944
11,616
1,332
12,948
3,996
5,328
2023
£
43,873
Listed
investments
£
43,873
43,873
43,873
43,873		 Furniture and
equipment
£
16,944
16,944
11,616
1,332
12,948
3,996
5,328
2023
£
43,873
Listed
investments
£
43,873
43,873
43,873
43,873		 Total
£
16,944
16,944
11,616
1,332
12,948
3,996
5,328
2022
£
43,873
16,944
11,616
1,332
12,948
3,996
5,328
2023
£
43,873
Listed
investments
£
43,873
Total
£
43,873
43,873
43,873
43,873
43,873
43,873
43,873

Page 21

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

15 Debtors

15 Debtors
Prepayments
16 Cash and cash equivalents
Cash on hand
Cash at bank
17 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals		 2023
£
462
2023
£
793
97,581
98,374
2023
£
3,183
229
577
3,989		 2022
£
449
2022
£
802
93,932
94,734
2022
£
1,056
98
431
1,585

Page 22

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

18 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
2023
£
125,507
15,224
2,068
142,799
Balance at 1
January
2022
£
58,762
(7,851)
148,377
199,288		 Incoming
resources
£
67,468
52,046
-
119,514
Incoming
resources
£
38,591
67,235
2,068
107,894		 Resources
expended
£
(73,352)
(46,245)
-
(119,597)
Resources
expended
£
(54,223)
(110,160)
-
(164,383)		 Transfers
£
2,068
-
(2,068)
-
Transfers
£
82,377
66,000
(148,377)
-		 Balance at
31
December
2023
£
121,691
21,025
-
142,716
Balance at
31
December
2022
£
125,507
15,224
2,068
142,799

19 Analysis of net assets between funds

19 Analysis of net assets between funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
3,996
43,873
98,836
(3,989)
142,716		 Total funds at
31 December
2023
£
3,996
43,873
98,836
(3,989)
142,716

Page 23

The Pontarddulais Partnership

Notes to the Financial Statements for the Year Ended 31 December 2023

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

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Income and Endowments from:
Donations and legacies (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
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2023
£
100,192
2,238
17,084
119,514
(46,486)
(71,779)
(1,332)
(119,597)
(83)
(83)
142,799
142,716		 Total
2022
£
88,800
2,068
17,026
107,894
(27,400)
(135,206)
(1,777)
(164,383)
(56,489)
(56,489)
199,288
142,799

This page does not form part of the statutory financial statements. Page 25

The Pontarddulais Partnership

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Donations and legacies
Appeals and donations
Appeals and donations
UK Government grants
UK Government grants
UK Government grants
UK Government grants
UK Government grants
UK Government grants
Grants - other agencies
Grants - other agencies
Grants - other agencies
Grants - other agencies
Grants - other agencies
Investment income
Interest on cash deposits
Interest on cash deposits
Other income
Rental income
Raising funds
Wages and salaries
Water rates
Computer software and maintenance costs
Printing, postage and stationery
Charitable donations
Hire of plant and machinery (Operating leases)
Accountancy fees
Charitable activities
Direct costs
Direct costs
Direct costs
Direct costs
Direct costs		 Total
2023
£
2,705
23,434
3,760
-
15,099
-
-
15,000
1,500
19,145
-
9,837
9,712
100,192
-
2,238
2,238
17,084
17,084
(44,537)
(499)
(92)
(286)
-
(496)
(576)
(46,486)
(20,071)
-
(1,398)
(9,347)
(411)		 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)
(27,400)
(22,892)
(3,140)
-
(11,394)
-

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 2023

Wages and salaries
Wages and salaries
Wages and salaries
Projects
Charitable donations
Charitable donations
Light, heat and power
Repairs and maintenance
Telephone and fax
Office expenses
Printing, postage and stationery
Advertising
Insurance
Travel and subsistence
Accountancy fees
Other expenditure
Depreciation of office equipment		 Total
2023
£
-
-
-
-
(14,885)
(9,891)
(6,557)
(2,465)
(1,617)
(3,491)
-
(64)
(911)
(617)
(54)
(71,779)
(1,332)
(1,332)		 Total
2022
£
(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)
(1,777)
(1,777)

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