2020-12-31-accounts

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REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR ST MADOC CHRISTIAN YOUTH CAMP

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

ST MADOC CHRISTIAN YOUTH CAMP For the Year Ended 31[st] December 2020

	Pages
Report of the Trustees	2 to 7
Independent Examiner's Report	8
Statement of Financial Activities	9
Balance Sheet	10
Notes to the Financial Statements	11 to 18

Page 1

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

REPORT OF THE TRUSTEES

For the Year Ended 31[st] December 2020

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. This report meets the requirements for a Directors' Report for Companies Act purposes. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (effective 1 January 2015).

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011, Companies Act 2006 and 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).

OBJECTIVES AND ACTIVITIES

The charity's objects and principal activity are to:

Provide a centre used for the development of youth and other groups from churches, clubs, schools, sporting associations, youth groups and other organisations operating through the application of Christian principles.

In order to further the objectives, St Madoc Christian Youth Camp may:

Provide a centre for conferences, training and holidays,
Provide suitable accommodation to achieve the charity's objects,
Obtain, collect and receive monies by way of fees, contributions, donations, legacies, grants and loans and any other lawful method
Issue, print, publish and circulate any reports, leaflets, documents and publications
Affiliate or become affiliated with any organisation or institution in order to achieve the main purpose of the charity
Complete any other lawful things necessary to further the objects of the charity.

ACHIEVEMENT AND PERFORMANCE

The Trustees have considered the Commission's Guidance on public benefit when considering the charity's activities for the year.

At the beginning of 2020, with a new partner for our schools activity programme Gower Adventures, everyone at The St Madoc anticipated an exciting year. Like many similar organisations, everything was placed on hold due to Covid-19 and its subsequent restrictions. This meant that the Centre was unable to open for most of the year or only open to one/two household groups, which meant our occupancy rates and income were severely impacted.

When permitted, we still attempted to fulfil the Charities objectives, by providing a service that met the needs of all our guests who managed to stay over the summer period. Most larger groups from 2020 either postponed until 2021 or 2022. A high percentage of our guests who were able to visit stayed on an overnight basis (95%) with many household bubbles taking advantage of a full weeks stay. Conservation work on the charities 76 acers continued during 2020. When restrictions allowed, we actually saw an increase in voluntary input.

Below you can see the types of guests and visitors we would welcome during a normal year. This was scaled down in 2020 due to Covid related interruptions.

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ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

Schools

Many schools who visit the Centre are from the local area of Swansea, but we also have schools from different parts of Wales and some from England. All come to enjoy a fun packed stay full of exciting activities. They explore the whole site from our woodlands and headland, to our sports field, tennis court and large sports hall. We are only a short walk from Broughton beach and Whitford Sands where several activities also take place.

Church & Youth Groups

Church and Youth groups who visit, many who come on a regular basis, bring young guests from different backgrounds to come and enjoy the great outdoors and find peace and serenity in our chapel. These groups mainly visit on the weekends and during school holidays.

Volunteers

While employing full-time/part time staff, the charity also has numerous volunteer helpers who are responsible for the support of many activities in the charity. It is not possible to place a monetary value on the contributions made by volunteers nor are figures available that show how many hours of service they provide.

Performance

We hosted 42 families/ extended household bubbles and a few groups before lockdown in 2020. As you can see due to restrictions our capacity dramatically dropped in 2020.

	2020	2019	2018	2017	2016	2015
Church youth	2	13	35	31	37	32
Church adult	1	14	24	26	17	13
Students	1	5	0	0	1	0
Sports	0	2	1	3	5	2
Community	0	2	4	4	8	17
Other	36	58	6	14	15	18
School	2	23	32	31	37	36
Total	42	115	102	109	120	118

Other bookings are generated from online platforms for dates not taken by schools and youth groups. In 2020, the centre was a welcome facility for large families to be able to holiday in the UK. Due to the easing of restrictions coming too late in 2021, many youth, church and school group bookings will again be pushed back until 2022.

The Bursary Scheme

The Bursary Scheme was placed on hold for 2020/21 as The St Madoc Centre was unable to welcome large groups and our intended audience. All donations are gratefully received and help us provide a great facility for our young guests: such help aids us in our attempts to promote a greater understanding of the need to look after ourselves and others through healthy lifestyles, caring for the environment and building self-confidence and self-worth. Any donations received for our bursary scheme will be used to help subsidise pupils from low-income households who visit in 2022.

This year we have seen an increase in individuals, or informal groups of volunteers, and we are grateful to those who have taken their time to help with conservation and land management of the wider site. Many of these volunteers are young and gain a great deal of knowledge and experience during their time spent volunteering. We hope the time spent with us will help them build in confidence and give a sense of achievement through the work they complete here at The St Madoc Centre.

Page 3

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

We are also grateful to our many local and national partners this year, including: A Rocha, Thirtyone:Eight, Environment Wales, Gower College, Institute of Outdoor Learning, SCVS, Swansea Rural Action, Tourism Swansea Bay, Visit Wales and WCVA.

To all who visit, support and work with us, we are grateful, and we look forward to seeing many of you again soon.

FINANCIAL REVIEW

Financial position

The total incoming resources for the year were £154765 with total expenditure of £137730 resulting in a surplus for the period of £17035.

The accounts have been prepared on an accrual’s basis.

Investment policy and objectives

Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees see fit. The charity has no long-term investments. The current policy is to retain any funds that become available in short term bank deposits.

Reserves policy

The trustees have examined the level of reserves held at the year-end in light of the main risks facing the organisation. A policy has been established to maintain sufficient free reserves equivalent to meet-'the immediate needs of the charity in the event of a service interruption.

The free reserves of a charity represent the funds that are freely available to spend. In calculating the free reserves the trustees have deducted from the total of unrestricted funds any funds designated at the year end and the net book value of the freehold property and other tangible fixed assets as detailed in the accounts after adjusting for associated borrowing.

The policy is reviewed by the trustees on an ongoing basis.

Going concern

Having considered budget and cash flow projections for the next twelve months, the Trustees are confident that the Trust will continue to meet its liabilities as they fall due for the foreseeable future and consider that there are no material 'uncertainties about the Trust's ability to continue as a going concern: It is therefore considered appropriate by the Trustees to prepare the financial statements on a going concern basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

St Madoc Christian Youth Camp is a charitable company limited by guarantee incorporated on 26th April 2006 and registered as a charity on 23rd March 2007. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law. Persons appointed other than a trustee retiring by rotation shall be appointed at any general meeting and

Page 4

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

must be recommended by a serving trustee. Trustees retiring by rotation, if willing to do so, are deemed to be reappointed at the general meeting to fill any vacancies unless otherwise resolved at the meeting. Under the requirements of the Memorandum and Articles of Association a third of trustees are required to retire by rotation at the Annual General Meeting.

Organisational structure

The charity is managed by trustees. The trustees meet quarterly to take all decisions regarding the organisation. A management team, appointed by the trustees, is employed to take care of the day to day running of the camp.

Induction and training of new trustees

New trustees undergo an orientation to advise them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the organisational structure and the decision making process, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Key management remuneration

The board of Trustees together with the Camp Manager are considered to be the key management personnel of the charity. No Trustee remuneration or other benefits were paid in the year. Details of Trustee expenses and related party transactions are disclosed in the notes

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated annually. Where appropriate, systems or procedures have been established to mitigate the risk the charity faces. These procedures are periodically reviewed to ensure they continue to meet the needs of the charity.

Safeguarding Policy

As a Youth Group Organisation, the safety of all our users is our top priority. We are committed to the protection and safeguarding of children, other young people and vulnerable adults who the visit the Centre. Our policy will be renewed and updated if needed to comply with current policies and guidelines.

To view our complete policy please visit our website at: https://www.stmadoc.co.uk/aboutus

Page 5

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number: 5796297 (England and Wales) Registered Charity number: 1118509 Registered office: Llanmadoc Gower Swansea SA3 1DE Trustees: Mrs S Ashelby Rev J Davies – appointed 15.6.2020 G McGill S McGlashan Mrs R Thomas – resigned 7.3.2020 R Bettany – resigned 7.3.2020 T Ardouin M Ellor J Tucker – resigned 1.1.2020 S Simukoko H Hulatt – appointed 25.11.2019 D Morgan – appointed 5.10.2020 Company Secretary: G McGill

Independent examiner: Nicola Lewis EasyBooks Wales Ltd Unit 4 Dragon 24 North Dock Llanelli SA15 2LF Bankers: Lloyds Bank Oxford Street SWANSEA SA1 9FS

Exemption for company name

In accordance with section 60(1) of the Companies Act 2006, the company is exempt from the requirements of the Companies Act to include “limited" as part of its name.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of St Madoc Christian Youth Camp for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources

Page 6

ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number.. 1118509 and application of resources, Including the Income and expendlture, of the charitable companyfor that perlod. In preparing those financial statements, the trustees are required to select suitable accounting policie5 and then apply them consi5teTrtlv- observe the methods and principles in the Charity SORP,. make judgernent5 and e5tirnates that are reasonable and prudent,. prepare the financlal statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keepin8 proper accounting records which disclose with reasonable accurary at any time the financial position ol the charitable company and to enable them lo ensure that the finaneial statements comply wf(h the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence fortaking reasonable steps for the prevention and detection of fraud and other irregularitles. This report has been prepared in accordance wlth the speclal provislons of Part 15 of the Companles Act 2006 relatlng to small companles. Approved by ordeT of the board of trustees on ....'3.o. . ..fLI.... and slgned on Its behalf by: S A5helby- Trust Page 7

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

Independent Examiner's Report

to the Trustees of St Madoc Christian Youth Camp

I report on the accounts of the Company for the year ended 31[st] December 2020, which are set out on the following pages.

Respective responsibilities of trustees and examiner

The company’s trustees are responsible for the preparation of the accounts, and they consider an audit is not required for this year (under section 144) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts (under section 145 of the Charities Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act);
to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

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

(1) Which gives me reasonable cause to believe that in any material respect the requirements
a. to keep accounting records in accordance with section 386 & 387 of the Charities Act; and
b. to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed Nicola Jayne Lewis Date 29th September 2021

Page 8

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

STATEMENT OF FINANCIAL ACTIVITIES

For the period ended 31st December 2020

Unrestricted Funds es: 27,052 43,000 45,475 1 98	Restricted Funds 0 39,138 0 0 0	Total Funds 27,052 43,000 39,138 45,475 1 98 154,765 128,340 8,030 1,361	*last year* 44,935 0 0 191,561 8,777 0



115,627	39,138		245,273
88,726 8,030 1,361	39,614 0		228,922 12,833 1,914
98,117	39,614	137,730 17,035 0 17,035 657,690 674,725	243,669
17,510 0	(475) 0	17,035 0	1,604 0
17,510 655,487	(475) 2,203	17,035 657,690	1,604 0 656,086
672,997	1,728		657,690

Continuing Operations - All income and expenditure has arisen from continuing activities

Page 9

ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number.. 1118509 Unre5triLtÈd Restricted Fut)ds Funds BALANCE SHEET notes Total Funds lost as at 3tst DecernbÈr 2020 Fixed As5ets-Tan ble Fixed Assets-Tangible io 914,319 914,319 939,896 CurrentAssets Debtors & Prepayrnents Bank & Cash li 6,879 24,250 3L129 6,879 25,978 32,857 9,$75 172B L728 9,676 Currenl tiabilities Creditors & Acuwals due withln I ear 20,604 20,fA)4 35,585 20,fQ4 20,fA)4 35,585 NetCurrentA55ets 10.525 1728 12,253 25,91) Totsl Assets le55 Current Liabilities 924,844 924572 Creditors Falling due after Iyear 251847 251,847 25&297 Total NÈtAssets 671997 674725 657,&al Fund Balat)ces Unrestricted Fund5 Restricted funds 16 16 672,997 672.997 655,487 1,728 TOTAL FUNDS 671997 L728 674n5 657,690 The charit2blè tompany Is entltled to exemption from audit undersection 477of the Comp3niesAtt 20C6forthe ye4r ended 31 December 2020. The members have not requlred the charitable company to obtain an audit of its financial statements foryearended 31 Dember2020ln accordancè with Section 476 of the Companies Att 2(6. The trustee5 acknowledge their re5ponsibllities for lal ensurlng thatthe tharitable company keeps accounting record5 that comply with Sections 386 and 387 Df the Companie5 Act 2fA16 and Ibl preparingfinancial statements which give a true and f8lrview of the state of affairs of the charitable company a5 atthe end of each financi31 year and of its 5urplu5 ordÈficit for each financial yearin accordance with the requirements of Sections 394 and 395 and which otherwlse complywith the requirements of the Companie5 Att 2[ relating to finanaal statements, so far as applicable to the tharitable company. These finano315tatements havÈ been prepared in 8ccord8nce with the special provision5 of P8rt 15 of the Compènies Act 2Q relating to small tharit3ble companie5 and with the Financial Reportin8 Stèndard for Smaller Entities (effective J4nuary 20151. The financial statements were approved by the Board of Trustees on were signed on its beh31f by.. aJAnd Signed........... Trustee a L . f¥£He,:..f..J... Print Name,............... Page 10

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Llanmadoc, Gower, Swansea, SA3 1DE.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. It is therefore considered appropriate by the Trustees to prepare the financial statements on a going concern basis.

Incoming Resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. 'The following specific policies are applied to particular categories of income:

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Legacy income is recognised when receipt is probable and entitlement is established.

Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Page 11

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off the cost less residual value of each asset over its expected useful life:

Office equipment and furniture 20% Buildings and windows 2%

The costs of minor additions or those costing below £100 are not capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

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ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3. LIMITED BY GUARANTEE

4. DONATIONS

Donations Gift Aid Bursary: Four Winds Trust Archer Trust Rhododendron Trust Other Miscellaneous	Unrestricted Restricted	Unrestricted Restricted	Total This Year	Total Last Year
	22,773 - 4,280 - - - - -		22,773 4,280 - - - - -	34,568 1,857 1,000 1,000 500 2,123 3,887
	27,052	-	27,052	44,935

5. GRANTS RECEIVED

Grants from Organisation Grants from Government JRS Grants from Government Covid-19	Unrestricted Restricted	Total This Year	Total Last Year
	5,000 10,200 - 28,938 38,000 -	15,200 28,938 38,000	- - -
	43,000 39,138	82,138	-

Page 13

ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff Costs Insurance Advertising Travel Premises Running Costs Resources and Small Equipment Repairs and Maintenance Activity and Event Costs Administration Depreciation/Loss on Disposal	This Year Last Year 60,334 147,128 3,576 3,676 644 - 117 378 13,668 19,772 1,367 2,389 10,888 8,212 5,197 13,941 5,454 5,665 27,094 27,761 128,340 228,922

7. SUPPORT & GOVERNANCE COSTS

Support: Staff Accomodation Costs Bank Charges & Loan Interest Governance: Accountancy Fees Legal Fees		This Year 1,205 6,825 8,030 1,321 40 1,361		Last Year
				4,091 8,742
				12,833
				1,839 75
				1,914

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year; ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

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ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

9. STAFFING

The average monthly number of employees during the year was as follows:

Camp Management Administration and Support Education and Supervision Environmental and Maintenance	This Year 1.0 0.5 1.0 0.5 3.0	Last Year
		1 2 2 3 8

No employees received emoluments in excess of £60,000.

10. FIXED ASSETS

COST As at 1st January Additions Disposals As at 31st December DEPRECIATION As at 1st January Charge for the Year Released on Disposal As at 31st December NET BOOK VALUE this year Net BOOK VALUE last year	Freehold Property Plant & Machinery Fixtures & Fittings	Total
	1,204,833 10,584 100,363 - - 1,667 - - 2,413 1,204,833 10,584 99,617	1,315,780 1,667 2,413 1,315,034
	279,395 2,592 93,897 24,097 212 2,637 - - 2,113	375,884 26,945 2,113
	303,492 2,803 94,420	400,715
	901,341 7,781 5,197 925,438 7,992 6,466	914,319 939,896

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR.

Debtors - charitable Activity Other Debtors and Prepayments HMRC - VAT		This Year (441) 5,240 2,080 6,879	Last Year
			5,276 4,299 -
			9,575

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ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank Loans and Overdrafts Trade Creditors HMRC PAYE Other Creditors and Accruals	-	This Year 13,500 3,811 1,149 4,442 20,604		Last Year 23,947 2,598 2,954 6,086
				35,585

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank Loan	This Year 251,847	Last Year
		256,297

14. LOANS

The bank has granted a repayment holiday due to the Covid-19 pandemic since May 2020 and have been just making interest payments for the remainder of the year.

The total balances owing on the loan is as follows:

Bank Loan	This Year 265,347	Last Year
		270,082

15. SECURED DEBTS

The following secured debts are included within creditors:

Bank loans

The commercial mortgage is secured by a first charge over the charity's property.

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ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

16. MOVEMENT IN FUNDS

Unrestricted Funds: General Unrestricted Funds Total Unrestricted Restricted Funds: Bursary Fund Covid-19 JRS Austin Bailey Llanmadoc Community Shop Moondance Rhododendron Total Restricted Total Funds	Funds at start of year 655,486 655,486 2,203 - 2,203 657,689		Income In Year Expenditure in Year 115,627 98,116 115,627 98,116 - 1,755 28,938 28,938 2,000 1,721 2,200 2,200 5,000 5,000 1,000 - 39,138 39,614 154,765 137,729	Transfers	Transfers	Closing Balance 672,997 672,997 448 - 280 - - 1,000 1,728 674,725
				between
					funds
					- - - - - - - -

Bursary fund & Rhododendron

The fund was set up to help individual children who are experiencing significant hardship.

Covid JRS

This was a grant given to pay salaries to assist with the closure due to Covid-19. All monies receive were paid as wages to employees in the same period.

Austin Bailey

This grant was given for the purchase of replacement mattresses

Llanmadoc Community Shop

This was given to assist with funding of the Air Heat Source Pump and was all spent in the year

Moondance

This was given to assist with funding of the Air Heat Source Pump and was all spent in the year

17. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. During the year the company paid £2455 into the scheme for 3 employees.

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ST MADOC CHRISTIAN YOUTH CAMP

Registered Company Number: 5796297 Registered Charity Number: 1118509

18. CONTINGENT LIABILITIES

The charity has taken expert opinion on its VAT position and has acted upon the advice it has received. The advice in question relates to the VAT treatment of the charity's income and the effect of this treatment on VAT it has previously recovered on capital goods acquired. In the unlikely event that HM Revenue & Customs were able to overturn the charity's current VAT treatment in relation to income and capital goods, then a substantial but unquantifiable amount of VAT could become payable by the charity, with the possibility of some reimbursement of VAT being due to the charity from its suppliers. No provision has been made in these accounts for any VAT payable by the charity on any future adjustment of its VAT position.

19. RELATED PARTY DISCLOSURES

The aggregate value of unconditional donations made by the Trustees in the year to 31 December 2020 was £4600.

20. DONATED SERVICES

Much of the work of the charity is carried out voluntarily by its members. No adjustment has been made to the accounts for the estimated value of these services as the Trustees do not consider that any financial cost has been borne by any third party.

Page 18

CONTENTS

REPORT OF THE TRUSTEES

OBJECTIVES AND ACTIVITIES

ACHIEVEMENT AND PERFORMANCE

Schools

Church & Youth Groups

Volunteers

Performance

The Bursary Scheme

FINANCIAL REVIEW

Financial position

Investment policy and objectives

Reserves policy

Going concern

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Recruitment and appointment of new trustees

Organisational structure

Induction and training of new trustees

Key management remuneration

Risk management

Safeguarding Policy

REFERENCE AND ADMINISTRATIVE DETAILS

STATEMENT OF TRUSTEES RESPONSIBILITIES

Independent Examiner's Report

to the Trustees of St Madoc Christian Youth Camp

Respective responsibilities of trustees and examiner

Basis of independent examiner's report

Independent examiner's statement

STATEMENT OF FINANCIAL ACTIVITIES

1. GENERAL INFORMATION

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Going concern

Incoming Resources

Resources expended

Tangible fixed assets and depreciation

Taxation

Impairment of fixed assets

Fund accounting

Pension costs and other post-retirement benefits

Financial instruments

3. LIMITED BY GUARANTEE

4. DONATIONS

5. GRANTS RECEIVED

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

7. SUPPORT & GOVERNANCE COSTS

8. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

9. STAFFING

10. FIXED ASSETS

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

14. LOANS

15. SECURED DEBTS

16. MOVEMENT IN FUNDS

Bursary fund & Rhododendron

Covid JRS

Austin Bailey

Llanmadoc Community Shop

Moondance

17. PENSION COMMITMENTS

18. CONTINGENT LIABILITIES

19. RELATED PARTY DISCLOSURES

20. DONATED SERVICES