2022-03-31-accounts - Gorseinon Development Trust

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Report ofthe Trustees
hsdependent Bxaminer's	Report
Statement ofFinancial	ActMttes
,Balance Sheet		9	to	10
Cash Flow Statement
Notes to tlM Cash Flow	Statement
Notes to the Fmancial Statements		13	to	24

				2022	2021
		Unrestricted		Total	Toad
	Notes	funds		funds	funds
INCOME AND ENDOWMENTS FROM
Donations sud legacies
				271
Charitable adivittes
Other Income/ Exyensek Grants		5.87,319 1/00	19,463	S87,319 20,663	430,861 68354
Other.trading activities investment income Other inc'orna		273 738 5/22		2'75 738 5,222	333 2,954 1,631
Totsi		595,023		614,486	505,068
EXPENDITURE ON
Raising funds	6	13,466			'/,580
Charitable activities
Other Incotnc/ Expenses		540,472	15,096	555,568
Total
		553,938	15,096	569,034
NET INCOME		41P85	4,367	45,452
Transfers between funds	18	4„367	I'4,367)
Net movement lu funds		45,452		45,452	5,772
RECObiCILIATION OFFUNDS
Total funds brought forward		63,086			57,314
TOTAL FUNDS CARRIED FORWARD		108,538		108,538	63,086

				2022	2021
		L'nrestucted	Restricted	Total	Total
		Smds	funds	funds	ftmds
PIXEI}ASSETS	Notes		8		6
Timgible assets	12	7,447
CURRENT ASSETS
Steaks Debtors Cash at btmk and in hend	13 14	506 22 949 251,442		$06 22,949 251,442	620 15„377 231,294
		274,89'7		274,897	247,291
CREBIT4}RS
Amounts Stiiiug due widnn one yee	15	(732106}		(73,806}	(79,42?}
		201,091		201,091	167,864
T'OTAL ASSETSLESSCURRENT
LIASILITIES		208,538			168„086
CREMFORS
Amounts falling due after more than one year	'I6	(100,000}		(100,000}	(105,000}
		108„'538		108,538

Cash gates grass nperat)ng aettvfttes
Cash genenned gtnn, operations		i	2;l„i62	2,75¹
Net oath providedby operating activities			2'Z.itvt	2.7$¹
Cash gnws frees lnves@ag aetivithn
Pntetnne ofntngible gsad assete Saleoftangible f)rted eaters			(7,752)
interest reeefved
			738
Reressb (eser1 in))provided h7 invest'ant sodvitiet			f72)t¹)
Change in cash and sash ertntvstents	tn the
teyortlng peFRlil Casll end cash egldvalents attile hegintdsg ofthe veptn¹htg petted			20,l¹8 23)29¹
Cash stat sash sttutvateats, at thn end	oftbe
reps&ad yetbtg			25IW2

			2022	2021
Net income forthe Activities)		repas Eng period (asper the Statement ofFinancial	X	I
Adjnstments tort
Depreciation charges
Interest received			527	950
Decrease/(increase)		in 'stacks	{738)	(2,954}
(Increase)/decrease	in debtors		114	(415)
Decrease in creditors			(7,572)	4,908
			(10,621}	(5,507)
Net cash pro'vhled	by operations		27,162	2,754

	At I/O/21	Cash t}ovr	At 31/3/22
Net cash		6
Cash at bank and in hand	231,294	20,148	251,442
		20,148	2S1,442
Debt
Debts falling due ndthin I year Debts falling due ader I yem'	(5,000) (105,000)	5,000	(5,000) ('ll00,000)
	(II'0,000)	Sd}00	(105,000)
Total
	i21,294	25,148	146,442

		2022	2021
	.Activity
Nursery income Conferences Managed workspace/Room	Other Income/ Expenses Other htcome/ Expenses	443,323.	322,993 21345
hire Grants	Other income/ Uxyeuses Grants	78,540 20,,663	86,523 68,554
		60'7,982	499,415
Grunts received, included in tbc	above, are ss fottowst
		2022	2021
Corouavlms Job Retetrtion Scheme City aud County ofSutta/sea Covid ReliefSustatnability Grant CYP Sustainability Omit Cbgdcam Offer Small Capital Grants 8100K Childcare Offer Small Cayitsl Grants/ 125K		3,999 1,200 7,000 2,000 6,464	59,608 8,946
		20,663
Ottrer leading activities
		2022	2021
		13,466	7,580

		~TO~a	Dere(tgLment+rgst I.t'ai,	Dere(tgLment+rgst I.t'ai,	Dere(tgLment+rgst I.t'ai,
		I(o~s+~SIM~BLSiu~
7.	~fo Ste Ye~ar CIIARITARLK ACTIVITIES COSTS		En ~3Ma~2022
					Direct Costs k	Support costs (see note 8)	Torah
8.	SUPPORT COSTS			531.084		24,484	555,568
						Governance
	Other Income/ Expenses					costs	Tots)s
							8
9.	NKT INCQIVIE/(E)O'KNIMTURE)					8,693	24,484
	Net income/(expenditure) is stated	aSer charging/(crediting);
	Depreciadon -owned assets
10.	TRUSTEES'RKB/IUNKRATION	AND REhlKPITS
There were no treatable/ mmuneration 3'1March 202L Trustees' expenses		or other beneSts		for ihe year ended	31 March	2022 nor for the year	ended'
There,were nu trsvet expettses paid to tnmtres/directors			during fhe year [2021:Q(gl

2022	2021
33	32

			2022	2021
			6
74.	DEBTORS:AhdOUlrfFS FALLIIttG	DUE 'WTITIIN OlVE YEAR	906	620
	Trade debtors		2022	2021
	Other debtors
	Prepayments		13,862	S,19$
			'9,087	694 9,488
			22,949	15377
DL	CREDITORS.'AMOUNTS!ALLlhIG	DUE %1THIWOIVE YEAR
	Other loans (seenote 17) Trade creditors		2022	2021
	Social securit7 and other faxes Other creditors ,Accrnats and deferred incnnm		5,000 7,12I 2,564 IS,198	6,000 8,748 2,024 17,495
			40,023	46,160
			73,806	79,427

CREDITORSt AMOUNTS EAL1 1NG DUE AFTERMORE.TRAN ONK YEAR
	2022	2021
Other loans (seenote 17)	100,000	105,000
An atudysts ofthe maturity ofloans tsgreen below;
Amounts failing due within one year, on demand:
Other loans	5,000	5,000
Amounts fatting between one and two yearat
Other'loans- 1-2years	5,000	s,ooa
Amounts ihlling due between two snd Kve years: Other loses -2-5years	15,000	15,000
Amounts falling due in mom than five years:
Repayable by instalmerits: Other loans more Syrs metal	80.000	85,000

			Net
			movement
		At U4721	hr funds
Unrestricted funds		S	8
General fund
Des(Seated Fixed Asset Funds Covid Relief Sustainability Grant		62,S65 221	40,412 (527) 1,200	(2,185). 7,752 (1/00)	101,092 7,446
Restricted funds Childeare OfFer Small Cay(tat Grants (6100K)			41,08$	4,367	108,538
Chitdeare Offer Small Capital Grants (6125K)
CYP Snstainability	(hant		5,999 (1,477)	(5,999) 1,477
			4,367	(4,367)
			45,452		'108,538

				hrcotning	.Resources
				resources	expended
Unrmtstcted	funds
Genera) fund				593,823	(553,411)	40,412
Designated Fixe!Asset Funds					(527)	(527)
Covid Relief	Sustctnahility		Gnmt	1300		1,200
				595,023	(553,938')	41,085
Restricted frmda
Coronavinn	Joh Retention		Scheme	3,999	(3,999)
Childcare Offer Small Capital Grants
(6)00K)				2,001	(2,156)	(155)
Childcare Offer Small Capitd Gr'ants
(6125K)				6,464	(465)	5,999
CYP Sustainahility		Grant		6t)99	(8,476)	(4477)
				19,463	(15,096)	4,367
				614,486	(569,034)

Unrestricted funda
General fund
Designated Fixed Asset	Fumla		437514	(430392) (1,350)	7,122 (1,3'50)
Restricted funds. Comnavnus Job Retention Scheme			437,514	(431„742.)	5,772
City dr County ofSwansea			59,608 7,946	(59,60S) (7,946)
TOTAL FGÃitS			67,554	(67,554)
			505,068	(499,296)	5,772
A current year 12months	end prier'year	12months combined position	isas follows:
		At 1/4/20			At
Unrestricted funds					31/3/22
General feud
Designated Fixed Asset Funds CovidRegef Sustainabiiity Grant		55,743 1;571		(2,185) 7,752	101,'092 7,446
				(1/00)
Restricted iisnds Childcare Gtfer Sntatl Capital Gmnts (8100K)		57314		4,367	.108,538
ChitdcareGffer Small Capital Gmnts (8125K)			(155)
CYP Sustsinahiiity Grant			5,999 (1,477)	(5,999) 1477
TOTAL FU)tt)S		57,314	4,367 51/24	(4,367)

					Movernsut
					in funds
					8
IJnrestrkted funds
Gbnersl fund			1,031,337	(983,803)	47,534
Jyeslgnatud FixedAsset Funds Covid Relief Sustainability Grant			1400	(1,877)	(1,877) 1,200
			1,032.537	(985,680)	46,857
Restricted Ihnds
Coronavtrus Job Reteniirm Cityk County ofSwansea	Scheme			(63,607) (7,946)
Cbt)deere OBer SmaH Capital		Grants
(K100K)			2,001	(2,156)	(155I
hildosre Offer SmsU:Capital		Grunts
(f.125K) CYP Sustainabitity Grunt			6,464 6,999	(465) (8,476)	5,999 (1,477)
			87,017	(82,650)	4,367
			trtt9,554	(1,068r330)	51,224