REGISTERED COMPANY NUMBER: 05334541 (England and Wales) REGISTERED CHARITY NUMBER: 1125169 Report of the Tru8tees and Unaudlted F5nanclal Statements for the Year Ended 31 January 2024 for Abergele Communlly Actlon Ltd Salisbury & Company Chartered Accounlanls Irish Square Upper Denbigh Road Si Asaph Denbighshire LL17 ORN
Abergele Communlty Action Ltd Contents of the Flnanclal Statemei)ts for the year ended 31 Jaiiuary 2024 Page Report of the Tru$tee8 Independei)t Examlner's Report Statement of Flnanclal Actlvltles Balance Sheet Not08 to the Flnanclal Statements 10 10 18 Detalled Statement of Flnanclal A¢tlvltles 19 10 20
Abergele Community Action Ltd Report ol the Trustees for the year ended 31 January 2024 The Iruslees who are also directors of the chafily for the purposes ol the Companies Act 2006, present their report with the financi31 slalemenls of the charity foi the year ended 31 January 2024. The Iiuslees have adopted the provisions ol Accounting and Reporting by Charities.. Slalement ol Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191. Page 1
Abergele Community A¢tlon Ltd Report of the Trustees for the year elided 31 January 2024 OBJECTIVES AND ACTIVITIES Sigi)Ificaiit aellvltles The work ol ACA is aimed al those people that are, or al risk of becoming, excluded from mainstream social and educational provision. Since 2005 ACA has pursued Ils activities through a facility operating as a communily enterprise in Heskelh House known locally as Ilaca...providin9 a community cale and meeting rooms for use by the community. The seivices have always been adapted lo meel local needs. Some of Ihe usual work of the Charity was disrupted and ieslricled by lockdowns because of Ihe Covid-19 pandemic. However. many of the activities continued throughout with an einpliasis on Ineelin9 local identified needs in line with our objectives and our Project Development Plan. Food parcels continued lo be SLJpplied lo people In crisis and Community Money Advice, Information and Bersefils Advice operated reirolely. The youth workers continued lo delive¥ remote activities lo young people findin9 new ways lo en9age wilh Ihem. The cale and IT resource remained Closed. 11 wasn't long into the panden)ic when il became clear that we Could no longer afford lo remain in the building We served notice on our Lease and began lo search for new premises. In November 2021 the Foodbank and Community Money Advice relocated lo newly refurbished slalion buildings In the heart ol the community in Pensarn where there are high levels of deprivation. A Lease has been granted by Transport for Wales. The young people relo¢ated lo their own premises in 2019. The following activities form parl of the Project Development Plan., Aborgole 0181rl¢t Foodbank Abergele District Foodbank is part of the Trussell Trust ITTI network of foodbanks. providing emergency parcels lo people in crisis. Clients are signposted lo other agencies able lo help resolve the undeilying cause of the crisis. The Foodbank provides opportunities lo build relationships with clients whilst establishing trust and opening further opportunities lo help and supporl Ihem. The Foodbank Supports socially disadvantaged or vulnerable people through a supported volunteer scheme. The Foodbank supports adults lo volunteer within their local conimunily building confidence, sell-esleem and reducing social isolation. providing opportunities lo learn new skills in readiness tor a return lo employment. further trainin9. 0 education. The Foodbank works closely with referral agents lo find the underlying cause ol Ihe need for a food parcel and lo work towards resolving the crisis. The Trussell Trusl is a charitable organisalion that supports a nationwide network of foodbanks that together provide emergency food and support lo people locked in poverty, alongside campaigning lor change to end the need for foodbank$ in the UK. ACA embraces the vision of the Trussell Trust Foodbank for a UK wilhoul the need lor Foodbanks and is commilled to working with the local community lo laun¢h lile.changing, suslainable. communily-based projects by engaging Ihe community in providing food and additional support lo local people who are wilhoul access lo food because of a lack of money. We uphold Ihe Trussell Trust common values of compassion, juslice, dignity, and community with the strategic goal of ending the need for our services, whilst recognising Ihal we will serve people in crisis for as long as we are needed. The TT vision is lor a UK wilhoul the need for foodbanks, and the strategy lo achieve this is outlined under 3 main aims.. Changliig Communltle8'. Working lo reduce the need for their services locally, helping people lo access lafgeled support thal addresses the underlying reason lor their crisis. Changlng Policy. Working alongside partners lo provide stronger evidence ol the drivers ol extreme poverty lor 'deslilulion'l and pushing for positive solutions that will help tackle these. Chaiiglng Mlnds.. Increasing levels of understandin9 and empathy among51 the public. locally and UK-wide, lo build a movement that Is willing lo lake action lo create a just and compassionate society wilhoul the need for foodbanks. Abergele foodbank has been approved as a Pathflnder loodbank, which Is part of the Trussell Trust live-year strategy. As a Palhlinder foodbank we have developed a strategic plan lor reducing the need lor our services locally with the goal ol building a future where no one goes hungry, and everyone has enough money for the basics. Page 2
Abergele Community Action Ltd Report of the Trustees for the year ended 31 January 2024 Abergele Communlty Money Advlce Provides free. unconditional. fully confidential money advice and practical support lo people ffom all walks ol life, helping people overcome their money problems and make a fresh start on a stable financial fooling free from the blight of indebtedness. Abergele Community Money Advi is aulhorised and regulated by the Financial Conduct Aulhorily. Informatlon and Beneflt¥ Advlce Provides immedialelurgenl advice about welfare and benefits mallers as well as providing a free, impartial, and confidential service lo help people, with a locus lo alleviate poverty and lo promote inclusion and equality through advice, assistance and advocacy. Youth Incluslon IAb¢rgo1e Youth Shed) Provides communily-based intervention aimed al those young people aged between 10 and 25 that are. or at risk ol becoming, excluded from mainstream social, economic. educational. and digital opportunities. Abergele Youth Shed is in a building adjoining Ihe local school and community college and family cenlre. 11 provides a regular meeting place for young people where they can enjoy conslruclive and creative activities in a safe environment Including digital music and media opportunities as well as opportunities lo learn pra¢lical skills includin9 cooking. Abergele Youth Shed provides a facility lor after school a¢livilies, when young people are mosl vulnerable, contributing lo reduced incidenls of anti Social behaviour. A variety of activities are delivered during school holidays providin9 a safe place lor young people whilst also serving allordable and healthy snacks throughout the day. Abergele Youth Shed al$0 provides inclusion support working with those young people that are, or are al risk ol becoming, disengaged from education. The work focuses on voluntary participation. 11 is educative, expressive, participalive, inclusive, and empowering. We fespecl the views and opinions ol young people through participation in planning and deliverin9 our programmes considerin9 their interests and aspirations as well as individual needs. Page 3
Abergele Communlty Action Ltd Report of the Trustees for the year ended 31 January 2024 ACHIEVEMENT AND PERFORMANCE Charitable activitles OUTCOMES: Abergele Dlstrict Foodbank Oul¢omes Those people living in poverly and at risk of poor nulrilion. especially children. will have impioved physical and mental heallh emotional Those people experiencing food poverty will be supporled and enabled lo live independently wilhoul the need for food parcels People will have their dignity restored People will feel supported, appfe¢ialed and accepled People will have improved sense ol well-bein9 and quality of life Abergele Communliy Money Advl¢e Oulcomes People al risk of financial exclusion will be beller able lo manage their resour9 and maximise their income. Debts will be repaid. and financial stability achieved., whilst the whole process will also include developing good money management skills. People will be helped lo tackle the undeilying Causes ol money problems and in the long term they will be more secure and will live more financially suslainable lives wilhoul the need lor food parcels, restoring their dignily and self esleem whilst building personal resilien¢e. Informatlon and 8enellt8 Advlco Outcomes This service will help lo alleviate poverty and promole inclusion and equality through advice, assistance and advocacy enabling people lo be more prosperous and lo enjoy a beller qualily ol life. People al risk ol social and financial exclusion will feel less isolaled because they will receive practi¢81 advice and support. Youth Incluslon - Abergele Youth Shed Outcomes Young people al risk of social and educational exclusion are engaged in a safe environment where they feel supported, valued, arsd accepted. Young people have an increased sense ol achievement, increased self-conlidence, beller ¢ommunication skills and enhanced IT skills opening new opportunities for further training andlor employment. Young people develop aspiration and a sense ol achievement. Young people are listened lo and develop a voice where they Can influence local aclivilies. Young people can volunteer on community proiecls. FINANCIAL REVIEW Investinent policy and objectlves Financial projections are prepared and regularly reviewed by the trustees taking account of all income and expenditure. These are used lo secure revenue and capi181 funding. Page 4
Abergele Community Action Ltd Report of the Trustees for the year ended 31 January 2024 FINANCIAL REVIEW Reserves Pollcy The Iruslees have reviewed and adopted a policy lor holding reserves. having given due consideration lo the operational profile ol the charity the board feel that il is appropriate lo hold reserves that as a minimum wouSd cover the cosls ol winding up the organisalion should the organisalion have lo close. The Iruslees feel that in practical terms this would represent holding a reserve equivalent lo 6 months. core operational expenditure. On the basis that resefves fall below this threshold, the Ifuslees will aim lo restore the reserves lo a minimum level within the next year by increasing fund raising and earned income and reducing expenditure. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity Is controlled by ils governing document, a deed ol Irusl, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Memorandum and Articles of Association incorporated 17 January 2005 as amended by special resolution 19 May 2008 and by special resolution on 1 Oth November 2104. Abergele Community Action became a charity from Ihe 24th July 2008. Recrultment and appolntmeiit of new tru8tee8 Trustees are recruited from members ol the community from all walks ol life expressing an interest. nominated and appointed by maiorily vole ol existin9 Iru51ees. Organl$atlonal structure The Chair person, VI Chair and secretary are elected al the AGM. Volunteers and staff are responsible lo the Iruslees. Inductlon and tralnlng of new tru8tee8 Roles and responsibilities ol new Iru$lees are explained by the company secretary and they are encouraged lo underlake training when available. REFERENCE AND ADMINISTRATIVE DETAILS Reg18tered Company i)umber 05334541 (England and Walesl Reglstered Charlty number 1125169 Regl8tered offlce Platform 2 Abergele and Pensarn Slalion Sialion Approach Abergele Pensarn Conwy LL227pa Trustees Mr R P Tavernor Director Or M R Baker Archileclural Historian (resigned 18171231 Mr C M Mccoubrey Local Authority Cabinet member Mr G W Frost Retired engineer MrA Hunter Ms T A Biennan Relail Business Owner Mrs P Heap-williams lappoinled 18171231 Company Secretary Mrs L J Tavernor Indepeiident Examlner Salisbury & Company Chartered A¢counlanls Irish Square Upper Denbigh Road Sl Asaph Denbi9hshire LL17 ORN Page 5
Abergele Community Action Ltd Report of the Trustees for the year ended 31 January 2024 Approved by o der of Ihe board of trustees on and signed on ils behalf by.. IL4U& Trustee Page 6
Independent Examiner's Report to the Trustees of Abergele Communlty Actlon Ltd Independent examiner's report to the trustees of Abergele Community Action Ltd I'the Company,) I report lo the charity Iruslees on my examinalion of the accounts of the Company lor the yeai ended 31 January 2024. Responsiblllties and bas1$ of pOrt As Ihe charity's Iruslees of the Company land also its difeclors lor the purposes ol company lawl you are responsible lor the pieparalion ol the accounts in accordance with the iequiremenls of the Companies Act 20061.lhe 2006 Acl'l. Having satisfied myself Ihal the accounts of the Conipany are not required lo be audited under Parl 16 01 the 2006 Act and are eligible lor independenl examination. l ieport in respect of my examination of your charity's accounts as carried oul under Section 145 01 the Charities Act 2011 I'lhe 2011 Acl'l. In Carrying out my examination I have followed the Dileclions given by the Charity Commission under Section 145151 Ibl ol Ihe 2011 Act. Iiidependent examlner's Statement Since your charity's gross income exceeded £250,000 youf examiner musl be a member ol a listed body. I can confirm that l am qualified lo undertake the examination because 18m a member of the Inslilule of Chartered Accounlanls In England and Wales, which Is one ol the Iisled bodies, I have completed my examination. I confirm Ihal no mallers have come to my allenlion in connection with the examination giving me Cause lo believe.. accounting records were not kepl in re$pe¢l ol the Company as required by Section 386 01 the 2006 Act., or the accounts do not a¢cord with those records.. or the accounts do not comply with the accounting requirements of Section 396 01 the 2006 Aei olhei than any requirement that the accounts 9ive a true and lair view which is not a maller considered as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and piinciples of Ihe Slalemenl of Recommended Practice lor accounling and reporting by charities (applicable lo ¢harilies preparing their accoun1$ in accordance with the Financial Reportin9 Standard applicable in the UK and Republic ol Ireland IFRS 10211, I have no concerns and have ¢ome across no other mallers in ¢onne¢lion wilh the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding ol Ihe accounts lo be reached. /[) Aled Roberts BA IHon$l FCA The Inslilule ol Chartered Accounlanls in England and Wales Salisbury & Company Chartered Accounlanls Irish Square Upper Denbigh Road Sl Asaph Denbighshire LL17 ORN Dale.. .}. .1..,:) L:) Page 7
Abergele Community Action Ltd Statement of Financial A¢tlvitles for the year ended 31 January 2024 2024 Total funds 2023 Total funds Unreslricled funds Reslricled lunds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 30.044 65,220 95,264 30,818 Charltable acllvltle8 Foodbank Gwynl Y Mor Community Money Advice Youth Shed BBC Small Grant Pathfinder 8,245 4,000 6,496 23,557 53,509 19,999 49.161 25.273 61,754 23,999 55,657 48,830 53.538 16,666 6,868 132,070 16,4441 43,544 54,187 54,675 54,187 1,012 34,279 UKSPF Co-op community fund 1,012 Investment income 2,470 2,470 368 Total 86.955 310,893 397,848 268,163 EXPENDITURE ON Charltablo actlvltl68 Ollice expenses Abergele youth action cale Itd Foodbank Depreciation Community Money Advice Youlh Shed Palhfinder 54,199 201,815 256,014 175,289 787 21.367 18,827 6,999 24.081 13,613 4,983 35,593 15,470 9,220 23,846 49,206 20,453 9.220 23,846 988 1,193 988 1,193 UKSPF Total 72,795 288,125 360,920 247,350 NET INCOME Transfer8 between lund$ 14,160 112,5911 22,768 12,591 36,928 20,813 11 Net movement In lund8 1,569 35.359 36,928 20.813 RECONCILIATION OF FUNOS Total funds brought forward 45,116 114,103 159,219 138,406 TOTAL FUNDS CARRIED FORWARD 46,685 149,462 196,147 159,219 The notes fofm part of these financial slalemenls Page 8
Abergele Communlty Actlon Ltd Balance Sheet 31 January 2024 2024 Total funds 2023 Total funds Unreslricied fund5 Restricted funds Notes FIXED ASSETS Tangible assets 8,587 22,801 31,388 38,062 CURRENT ASSETS Debtors Cash al bank 6,239 40,151 2,027 159,173 8.266 199,324 7,084 145,224 46,390 161,200 207,590 152,308 CREDITORS Amounts falling due within one year 10 18.2941 {34,5371 142,8311 131,1511 NET CURRENT ASSETS 38,096 126,663 164,759 121.157 TOTAL ASSETS LESS CURRENT LIABILITIES 46,683 149,464 196,147 159.219 NET ASSETS 46,683 149.464 196,147 159,219 FUNDS Unieslricled funds Reslricled funds 11 46.683 149.464 45.176 114,103 TOTAL FUNOS 196,147 159.219 The chaiilable company 18 entitled lo exemption from audit undei Section 477 of the Companies Acl 2006 lor Ihe year ended 31 January 2024. The members have nol required the company lo obtain an audit ol ils financial slalemenls for the year ended 31 Januaiy 2024 in accordance wilh Section 476 of Ihe Companies A¢1 2006. The Iruslees acknowledge their responsibilities for lal ensufing that the charitable company keeps ac¢ounlin9 records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing linancial slalemenls which give a true and lair view ol the stale of allairs ol the charitable company as al Ihe end ol each financial year and ol ils surplus or deficit for each financial year in a¢¢ordance wilh Ihe requirements of Sections 394 and 395 and which otherwise comply with the requiremeF)Is of the Companie5 Act 2006 relating to financial slalemenl8, 80 far as applicable lo the charitable company. Ibl These financial statements have been prepared in accordance wlh the provisions applicable lo charitable companies subject lo the small companies re9ime. The fi anc al slalemenls were approved by the Board ol Trustees and aulhorised lor issue and were signed on ils behalf by.. on slee The noles form part of these financial slalemenls Page 9
Abergele Community Actioii Ltd Notes to the Flnanclal Statements for the year ended 31 January 2024 ACCOUNTING POLICIES Basls of preparlng the flnanelal statements The financial slalemenls of the charitable company. which is a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporling by Charities. Slalemenl ol Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 lelleclive 1 January 20191,, Financial Reporling Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Companies Acl 2006 The financial slalemenls have been prepared under the historical cost convention. Income All income is recogni$ed in the Sialemenl ol Financial Aclivilies once the charity has enlillemenl lo Ihe funds. il Is probable thai the income will be received and the ainounl can be measured reliably. Expendlture Liabilities are recognised as expendilure as soon as there is a legal or conslruclive obligation commilling the charity lo that expenditure, il 1$ probable Ihal a Iransler of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably Expenditure Is accounted lor on an accruals basis and has been classified under headings Ihal aggregale all co$1 relaled lo the category. Where costs cannot be directly allfibuled lo particular headings they have been allocated lo aclivilies on a basis consislenl wilh the use ol resources. Tanglble flxed a88ets Depreciation Is provided at the following annual rates In ordei lo write off each asset over ils estimated useful Improvements lo property Fixtures and lillings Computer equipment Slraighl line over Ihe life of the lease 250/0 on reducing balance 330A on reducing balan¢e Taxatlon The charity is exempl from corporation lax on Ils charitable a¢livilies. Fund accountlng Unreslricied funds can be used in accoldance with the charitable objectives al the discretion ol the trustees. Re$lri¢led funds can only be used for particular reslricled purposes wilhin the objects of the charity. Reslriclions ar15e when specified by the donor or when funds are raised lor particular re$lri¢led purposes. Fuilher explanalion of the nalure and purpose ol each fund is included in the note5 to the financial slatemenls. Pen8lon costs and other post-rotlrernent beneflt8 The charitable coinpany operates a defined contribution pension scheme. Contributions payable lo the charilable company's pension scheme are charged lo Ihe Sialemenl ol Financial A¢livilie$ in Ihe pefiod lo which Ihey relate. Page 10 Continued...
Abergele Communlty Attlon Ltd Notes to the Financial Statements continued for the year ended 31 January 2024 DONATIONS AND LEGACIES Grants Unrestrl¢ted 22,093 200 Restrlcted 112,693 Total 134,786 200 19,999 4,000 500 330 350 15,000 3,777 1,011 2,000 1.357 20.000 54,187 1,000 44,000 1,578 Trussel Trust NW Poli Youth GYMIRhyl Flats Foodbank operation5 GYM Energy grant Ground work - Tesco Bags of Help IFoodbankl DRO CMA DRO VRF BBC CIN Byson Recycling Co-op Community UK Youth Cost of Living grant UK Youth No Ilmils Zone compensation grant UK Youth Thriving Minds UKSPF Wale5 and Wesl Christma5 hampers grant WG Cost ol Living Discretionary Funding Youth Led Grant CVSC 19,999 4,000 500 330 350 15,000 3,777 1,011 2,000 1,357 20,000 54,187 1,000 44,000 1,578 Total 56,517 247,559 304,075 INVESTMENT INCOME 2024 2023 Interest receivable - trading 2,470 368 NET INCOMEIIEXPENDITUREI Nel incomellexpendilurel Is slated after chargingllcredilingi,. 2024 2023 Auditors, remuneration for non audit work Deprecialion owned assets 3,845 20,452 3,132 18,825 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits lor the year ended 31 January 2024 nor for the year ended 31 January 2023. Tru8t&e8' expen808 There were no Iruslees, expenses paid fof the year ended 31 January 2024 nor for the year ended 31 January 2023. STAFF COSTS The average monthly number ol employees during the year was as follows.. 2024 2023 Aclivilies relating lo Food Bank Relating lo charitable activities 13 No employees received emoluments in excess of £60,000. Page11 continued...
Abergele Community Action Ltd Notes to the Flnanclal Statements - eontlnu¢d for the year elided 31 January 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled funds Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 28,236 2,582 30,818 Charltable actlvltles Foodbank Gwynl Y Mor Community Money Advice Youth Shed BBC Small Grant Pathfinder 6.507 47,031 16,666 6,868 109,070 16.4441 53,538 16,666 6,868 132,070 16.4441 23,000 34,279 34,279 Investment Income 368 368 Total 58,111 210,052 268.163 EXPENDITURE ON Chailtablo actlvltle8 Office expenses Abergele youth action cafe Itd Foodbank Depreciation Community Money Advice Youth Shed 27,671 787 8,758 2,827 2,871 2,000 147,618 175,289 787 21,367 18.827 6.999 24,081 12,609 16,000 4,128 22,081 Total 44,914 202,436 247.350 NET INCOME 13,197 7,616 20,813 RECONCILIATION OF FUNDS Total funds brou9ht lOard 31,918 106,488 138.406 TOTAL FUNDS CARRIED FORWARD 45.115 114,104 159,219 TANGIBLE FIXED ASSETS Improvements lo property Fixtures and fillings Computer equipfflenl Totals COST Al 1 February 2023 Additions 140,369 20,280 9,900 24,351 3,878 185,000 13,778 At 31 January 2024 140.369 30,180 28,229 198,778 DEPRECIATION At l February 2023 Charge for year 119,607 11,698 11.681 4.595 15,650 4.159 146,938 20,452 Al 31 January 2024 131,305 16,276 19.809 167,390 NET BOOK VALUE Al 31 January 2024 9,064 13,904 8,420 31,388 Al 31 January 2023 20.762 8,599 8,701 38,062 Page 12 continued...
Abergele Community Action Ltd Note8 lo the Flnanclal Ststements contlnued for the year ended 31 January 2024 DEBTORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued income 360 7,906 360 6,724 8,266 7,084 10. CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2024 2023 Trade creditors Social securily and other taxes Other creditors Accruals and deferred income Accrued expenses 1.229 6,305 2.500 30,669 2,128 2,495 2,500 26,156 42,831 31,151 11. MOVEMENT IN FUNDS Net movement in funds Transfers between funds Al 3111124 Al 112123 Unre8trlcted tund8 General lund Foodbank donations Abergele Dislri¢l Food Bank UK Youth Fund 21,676 7.041 6.507 9,892 8,641 16231 112,5911 17,726 6,418 6,507 16,032 6,140 45,116 14.158 112,5911 46.683 Re8trlcted fund8 Conwy Vol Seiv Welsh Govermenl The Millennuim Sladuim Charitable Tru81 417 20,042 1417) 111 147} 8.895 153 186 17,562 7,229 32.986 927 2,487 32,114 1381 1611 2,465 117,4221 111,2081 2,296 4.852 2.038 51,412 115 125 20,027 2,398 21,778 3,223 7.339 34,152 51,412 Awards lor all Abergele Dislricl Food Bank Community Money Advice Youth Shed Principality Fund Trial and Learn Comic Relief Community Fund Pathfinder UKSPF 12,591 114,103 22,770 12,591 149,464 TOTAL FUNOS 159.219 36,928 196.147 Page13 continued...
Abergele Communlty A¢tloii Ltd Notes to the Flnanclal Statements - contlnued for the year elided 31 January 2024 11, MOVEMENT IN FUNDS - Contlnuod Nei movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrostrlcted funds General fund Foodbank donations UK Youth Fund 48.911 13.941 24,101 140.2701 114,564} 117,9611 8.641 16231 6,140 86,953 172,7951 14,158 Re$trl¢ted funds Conwy Vol Serv Welsh Govermenl The Millennuim Sladuim Charitable Trust 14171 111,1471 14171 111,1471 1381 1611 165,2051 166,8121 196,5641 16201 19411 143,5441 12,7761 1381 1611 2,465 {17,4221 111,2081 2,296 4,852 2,038 51,412 Awards for all Abergele Disliicl Food Bank Community Money Advice Youth Shed Principality Fund Trial and Learn Comic Relief Community Fund Palhlinder UKSPF 67.670 49,390 85.356 2,916 5.793 45,582 54,188 310,895 1288, 1251 22,770 TOTAL FUNDS 397,848 1360.9201 36.928 Comparatlve8 for movement In fund8 Nel movement in funds Al 3111123 Al 112122 Unrestrlctod fund8 General fund Foodbank donations Abergele District Food Bank UK Youlh Fund 24,297 7,621 12.6211 15801 6.507 9,892 21.676 7.041 6,507 9,892 31,918 13,198 45,116 Restrlcted fund$ Conwy Vol Serv Welsh Goverment The Millennuim Staduim Charitable Trust 833 31,200 14161 111.1581 417 20,042 203 278 18,715 25,100 30,159 1501 1921 11,1531 117,8711 2,827 927 2,487 32.114 153 186 17,562 7,229 32,986 927 2,487 32.114 Awards for all Abergele District Food Bank Community Money Advice Youth Shed Principality Fund Trial and Learn Comic Reliel Community Fund Pathfinder 106,488 7,615 114,103 TOTAL FUNDS 138,406 20,813 159,219 Page 14 continued...
Abergele Community Actlon Ltd Notes to the Flnanclal Ststoinents coiltlnued for the year ended 31 January 2024 11. MOVEMENT IN FUNDS - contlnued Comparative nel movemenl in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unreslrlcted funds General fund Foodbank donations Abergele Dislfi¢l Food Bank UK Youth Fund Arnold Clark Communily Fund 18,739 10,865 6.507 20,000 2,000 121,3601 111,4451 12,6211 15801 6,507 9,892 110,1081 {2.0001 58,111 144,9131 13.198 Reslrlcted lund8 Police authority Community trust and Crimebeal Conwy Vol Seiv Welsh Govefmenl The Millennuim Sladuim Charitable Tru81 2.500 12,5001 14171 111,1581 14161 111 1581 1511 1921 150.7621 141,4061 191,0791 11,1571 11,6501 12,1651 1501 1921 11.1531 117,8711 2,827 927 2,487 32,114 Awards for all Abergele Oislricl Food 8ank Community Money Advice Youth Shed Principality Fund Trial and Learn Comic Relief Communily Fund Pathfinder 49,609 23,535 93,906 2,084 4,137 34,279 210.052 1202,4371 7,615 TOTAL FUNDS 268,163 1247,3501 20.813 Page 15 continued.
Abergele Communlty A¢tlon Ltd Notes to the Flnanclal Statements - continued for the year ended 31 January 2024 11. MOVEMENT IN FUNDS - continued A current yeaf 12 monlhs and prior year 12 months combined posilion is as follows.. Net movement in funds Transfers between funds At 3111124 Al 112122 Unrestrlcted funds General fund Foodbank donations Abergele District Food Bank UK Youth Fund 24,297 7,621 6.020 11,2031 6.507 16,032 112.5911 17,726 6,418 6,507 16,032 31,918 27,356 112,5911 46.683 R6$trl¢t&d funds Conwy Vol Serv Welsh Govermenl The Millennuim Siaduim Charitable Trust 833 31,200 18331 122,3051 8,895 203 278 18,715 25.100 30,159 1881 11531 1,312 135,2931 18,3811 3,223 7,339 34,152 51,412 115 125 20,027 2,398 21.778 3,223 7,339 34,152 51,412 Awards lor all Abergele District Food Bank Comniunily Money Advice Youth Shed Principality Fund Trial and Learn Comic Relief Commuiiily Fund Palhlinder UKSPF J2,591 106,488 30.385 12,591 149,464 TOTAL FUNDS 138,406 57,741 196,147 Page 16 continued...
Abergele Communlty Actlon Ltd Notes to the Financial Statements - continued for the year elided 31 January 2024 11. MOVEMENT IN FUNDS - conllnued A curienl year 12 months and prior year 12 monlhs combined nel movement in funds, included in the above are as follows. Incoming iesour¢e$ Resources expended Movement in funds Unrestrlcted funds General fund Foodbank donations Abergele District Food Bank UK Youth Fund Arnold Clark CommL+nily Fund 67.650 24.806 6,507 44,101 2,000 161,6301 126,0091 6,020 11,2031 6,507 16,032 128,0691 12,0001 145,064 1117,7081 27,356 Re$trl¢ted funds Police aulhofily communily trust and Crimebeal Conwy Vol Serv Welsh Govermenl The Millennuim Sladuim Charitable Trust 2,500 12,5001 18341 122,3051 18331 122,3051 1891 11531 1115.9671 1108,2181 1187,6431 11,7771 12,5911 145,709} 12,7761 1881 11531 1,312 135,2931 18,3811 3,223 7,339 34.152 51,412 Awards for all Abergele District Food Bank Community Money Advice Youth Shed Principalily Fund Trial and Learn Comic Relief Community Fund Palhlinder UKSPF 117,279 72,925 179,262 5,000 9,930 79.861 54,188 520,947 1490,5621 30,385 TOTAL FUNDS 666,011 1608,2701 57,741 Unro$lrl¢ted Funds To8co- Foodbank donallon8 The éonalions from Tesco are made regularly and represent a percentage of the value ol donalions of food made in the slore lo the Foodbank. Re8trlcted Fund8 CCBC Youth SeNl¢e This grant was awarded in Jan 2023 to support activity days out lo improve the menlal health and wellbeing for young people. Alljert Gubay This grant was awarded in March 2022 lor three yeafs lo fund the salaly costs of workers lo manage and develop the Foodbank. Gwynt Y Mor This grant was awarded in July 2022 for 3 years, paid annually lo cover the employment costs of Foodbank Co-ordinators. The Trussel Trust Various grants, including Financial Inclusion grants, were received during the year lo support the employment costs of Abergele Foodbank as well as winter pressures such as additional food items or energy bills. Page 17 continued...
Abergele Community Action Ltd Notes to the Financlal Statements ¢onllnued for the year ended 31 Janiiary 2024 11. MOVEMENT IN FUNDS- contlnued UK Youth Thriving Minds This granl was awarded in May 2022 for three years lo assist with employment costs of mental health workers lo improve mental health support lor young people. Youthshed Proloct Various grants were received durin9 the year lo fund the Youth Shed project This consisted of grants from BBC Children In Need. NLCF. Comic Relief Community Fund, PACT Youth and Arnold Clark. Communlty Foundatlon Wales This grant was awarded in Sept 2022 to cover employmenl costs towards youth workers and new laptops lor young people lo prepare them for further education, training or employment. 12. CAPITAL COMMITMENTS As al 31 sl January 2024, Abergele Community Action Limited did not have any Capital commilments12023'. Nil) 13. OTHER FINANCIAL COMMITMENTS As al 31 sl January 2024, Abergele Community A¢lion Limited have no linancial commitment. 14. RELATED PARTY DISCLOSURES There were no related party transactions lor the year ended 31 January 2024. 16. LEGAL STATUS OF THE CHARITY Abergele Community Action operales as registered company limited by guarantee. 16. CONNECTED COMPANY Abergele Youth Action Cale has ceased trading and was dissolved on 3rd May 2022. Abeigele Community Action Limited is exempl from consolidated group accounls. Page 18
Abergele Community Action Ltd Detailed Statement of Financial Activities for the year ended 31 January 2024 2024 2023 INCOME AND ENDOWMENTS Oonation8 and legacie8 Donations Gift aid Grants 85,498 9,767 24.780 6.032 95.264 30.818 Inveslment Income Inlefesl receivable - trading 2,470 368 Charltsbl& actlvllle8 Grants 300,114 236,977 Total Incomlng re8our¢es 397,848 268,163 EXPENDITURE Charltablè actlvltlèl Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and staliornery Disco, luck, venue hire A¢livilie$ Repairs and maintenance Security and fire Catering Computer and inlernel costs Tfaining Foodbank Membership and subscriptions Renl Professional lees Sundfies EWSL Travel Cleaning Bank charges 191.026 9.110 2.155 75 3,235 5.006 2,754 5,153 520 14,724 6,470 712 2,372 2,310 1,834 42,774 19,281 5.850 1,397 15,947 37 1,791 2,000 89 140.933 3,961 1,768 825 1,535 3,082 4,603 1.825 11.546 7.508 95 2,544 1,674 1,007 8,758 1,071 6,120 23,230 3,206 100 336,622 225.391 Support CO8t8 Finance Improvements lo property Fixture$ and fillings Computer equipment 11.698 4,595 4,160 11,698 2,828 4,301 20,453 18.827 Governance cost8 Auditors, femuneralion for non audit work 3.845 3,132 This page does not form part of the slalulory financial slalemenls Page 19
Abergele Communlty A¢tlon Ltd Detailed Statement ol Financlal Activities for the year ended 31 January 2024 2024 2023 Total resources expended 360,920 247,350 Not Incomo 36.928 20,813 This page doe5 not form part of the statutory financial statements Page 20