## **REGISTERED COMPANY NUMBER: 06768110 {England and Wales) REGISTERED CHARITY NUMBER: 1131506**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **FOR**
## **CANOLFAN MAERDY**
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea **SA79LA**
## **CANOLFAN MAERDY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|||**Page**|
|---|---|---|
|**Repor of the Trustees**||to3|
|**Independent Examiner's Repor**||**4**|
|**Statement of Financial Activities**||**5**|
|**Balance Sheet**|**6**|
to7|
|**Notes to the Financial Statements**|**8**|
to**18**|
|**Detailed Statement of Financial Activities**|**19**|
to20|
## **CANOLFAN MAERDY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 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. 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 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The company is a non-profit making organisation whose objectives are to promote the benefits of the inhabitants of the County Borough of Neath Port Talbot and surrounding areas, without distinction of sex, sexual orientation, race or political, religious or other opinions by Associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation of life for the said inhabitants. Also the charitable company aims to maintain and manage a centre for activities promoted by the charity and its constituent bodies in furtherance of the above objects.
## **Activities**
At the start of the year the Charity was being managed by a Trustee working as a volunteer. The intention being that they led the organisation, building up resources with the express purpose of being able to appoint a Centre Manager during the year. An initial pot of reserves was also required to underpin the Charities work. The Covid-19 Pandemic caused a major rethink of strategy. Activity was stripped down to essential services and emergency support. Existing Food Hwb, meals services, childcare provision, youth support and community transport services were risk assessed and adapted to meet essential needs whilst keeping staff, volunteers and the public safe. New services were developed as needs arose and the Charity became an active partner of the Local Authority in providing their Safe and Well Service. This involved developing shopping, prescription medicine and other essential supply, pick up and delivery services for those shielding or self isolating. In addition a range of welfare services were provided with volunteers and staff supporting isolated residents as required with phone calls, safely undertaken home checks and similar services. The Charity applied for support from a range of emergency funding sources to support the services and replace the resources normally gleaned from income generation activities which were not possible. In addition capital funding was received to upgrade some IT equipment such that staff and volunteers could work from home or peripetically as needed and to undertake minor adaptations, e.g. provision of Perspex screens in the Food Hwb and a delivery window for the kitchen so that those collecting food parcels and meals on wheels for delivery did not have to risk entering the building. Through the commitment of staff and volunteers the Charity not only assisted thousands of beneficiaries during the year but also sustained and enhanced its financial position. However, due to the uncertain situation caused by the Pandemic, at the end of the year the Charity was still managed by a Trustee volunteer. But looking to the future, a part-time Business Manager had been employed and work in hand to convert to the Xero accounting system.
## **FINANCIAL REVIEW**
## **Going concern**
At the end of the year the Charity was able to carry forward a good level of unrestricted reserves alongside existing reserved resources from grants and income generation. The Charity is however, aware that a level of resource is required to undertake essential maintenance on their building. Specifically to deal with substantial areas of leakage in the roof due to ageing tiles, also to meet the need for complete overhaul or replacement of the heating system. Trustees also wish to carry forward their intention to appoint a permanent Centre Manager. A savings account has been opened with Celtic Credit Union and an initial £20,000 transferred to this General reserves account. It is hoped that during 2021 a further amount can be added to this General Reserve to provide 3 months of the Charities running costs so as to secure the Charity in these uncertain times.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
## **CANOLFAN MAERDV**
## **REPORT OF THE TRUSTEES FOR THE VEAR ENDED 31 DECEMBER 2020**
The organisation is a charitable company limited by guarantee, incorporated on 8th December 2008 and registered as a charity on 4th September 2009. 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.
## **Recruitment and appointment of new trustees**
The directors of the company are also charity trustees for the purpose of charity law. The rules regarding the number of directors and their appointment, reappointment and removal are contained in the Articles of Association to which reference should be made.
## **Risk management**
The Directors actively review the major risks which the charity faces on a regular basis and they believe that maintaining the free reserves at the levels stated below, combined with an annual review of the controls over key financial systems carried out through an internal audit programme, will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
06768110 (England and Wales)
## **Registered Charity number**
1131506
## **Registered office**
Old NCB Offices New Road Tairgwaith Ammanford Carmarthen shire SA18 1UP
## **Trustees**
Mr L J Preece Doctor S H Reynolds Mrs G Thomas Miss KYoung Mr H T Pugh (Chair) Miss S A Thomas (appointed 13.7.20)
## **Company Secretary**
Doctor S H Reynolds
## **Independent Examiner**
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Approved by order of the board of trustees on and signed on its behalf by: **.;E.9./.0.9./20.c.i ...**
Page2
## **CANOLFAN MAERDY**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
**Page 3**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANOLFAN MAERDY**
## **Independent examiner's report to the trustees of Canolfan Maerdy ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
## **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.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
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:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- 1.
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.
Henry Lloyd-Davies Institute of Chartered Accountants in England and Wales Bevan Buckland LLP
Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea **SA79LA**
29.09.2021
Date: ............................................ .
Page 4
## **CANOLFAN MAERDY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**FOR THE**|**YEAR EN**|**DED 31 DECEM**|**BER 2020**|||
|---|---|---|---|---|---|
|||||2020|2019|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|**£**|**£**|**£**|**£**|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies||9,175||9,175|5,210|
|**Charitable activities**|3|||||
|Charitable activities||196,956|194,907|391,863|316,476|
|Other trading activities|2|3,084||3,084|3,310|
|Other income||45,543||45,543|4,914|
|**Total**||254,758|194,907|449,665|329,910|
|**EXPENDITURE ON**||||||
|**Charitable activities**||||||
|Charitable activities||127,214|165,355|292,569|309,466|
|Other||2,515||2,515|5,623|
|**Total**||129,729|165,355|295,084|315,089|
|**NET INCOME**||125,029|29,552|154,581|14,821|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||(13,420)|28,346|14,926|105|
|**TOTAL FUNDS CARRIED FORWARD**||111,609|57,898|169,507|14,926|
The notes form part of these financial statements
Pages
## **CANOLFAN MAERDV**
## **BALANCE SHEET 31 DECEMBER 2020**
|**FIXED ASSETS**
Tangible assets
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
Restricted funds
**TOTAL FUNDS**
Unrestricted
funds
Notes
£
8
9
10
11
49,714
9,354
66,805
76,159
(14,264)
61,895
111,609
111,609|Restricted
funds
£
57,898
57,898
57,898
**57,898**
**57,898**|2020
Total
funds
**£**
49,714
9,354
124,703
134,057
(14,264)
119,793
169,507
169,507
111,609
**57,898**
**169,507**|2019
Total
funds
**£**
12,580
3,962
20,830
24,792
(22,446)
2,346
**14,926**
**14,926**
**(13,420)**
**28,346**
**14,926**|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued ...
Page 6
## **CANOLFAN MAERDV**
## **BALANCE SHEET· continued 31 DECEMBER 2020**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financia� sitements were ap�roved by the Board of Trustees and authorised for issue on _**............. 'J.., 9. t..[1] f. .9..a.aJ. .**_ and were signed on its behalf by:
The notes form part of these financial statements
Page 7
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. 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 2019)', 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.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Fixtures and fittings 25% reducing balance Motor vehicles - 25% reducing balance - Computer equipment Straight line over 4 years
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
Page 8
continued ...
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. ACCOUNTING POLICIES - continued**
## **Cash at bank**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Debtors**
Short term debtors are measured at transaction price, less any impairment.
## **Creditors**
Short term creditors are measured at transaction price.
## **Provision for liabilities**
Provisions are recognised when the company has a present obligation (legal and constructive) from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
## **Functional and Presentation Currency**
The company's functional and presentation currency is pounds sterling.
## **Going Concern**
The company continues to adopt the going concern basis in preparing its financial statements.
## **Government Grants**
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable.
The grants have been received due to the impact of Covid-19.
The charity received £71,688 as government assistance in the form of Business Resilience Fund (£30,000) and Coronavirus Job Retention Scheme (£41,688)
## **OTHER TRADING ACTIVITIES**
Fundraising events
|2020|2019|
|---|---|
|£|£|
|3,084|3,310|
continued ...
Page 9
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|**INCOME FROM CHARITABLE ACTIVITIES**|||
|---|---|---|
|Child care
Room rental income
Cafe income
Grants
Flying star income
Activity
Charitable activities
Charitable activities
Charitable activities
Charitable activities
Charitable activities|2020
£
94,628
170
531
219,907
76,627
391,863|2019
£
154,636
1,717
1,083
114,888
44,152|
|||316,476|
The only funding received from GCG Community Council was £3,000 in 2018 Financial Statements this had been incorrectly stated as Work choice. No other funding from GCG Community Council has been received in the 2019 or 2020 Financial Statements.
Grants received, included in the above, are as follows:
|Mynydd y Betws Community
NPTCBC core funding
Milk grant
NPTCBC Celtic Energy fund
Western Bay
Garfield Western
NPT Community transport
Awards for All
East Pit Community Liaison Committee
Workway
NPT Community transport DW worker
**WCVA**Landfill
NPT Childcare capital grant
South Wales Police Trust
**ICFWB**Grant
Community Council Quarter Back
NPTCBC Economic Resilience Fund
NPT Food poverty
GDF resilience fund
Western Power
Tesco Ground Work
Moondance
NPTCBC VSEF
Perthigwynion Emergency Fund
WCVA Voluntary Emergency Fund
Carmarthenshire CAVS
WCVA Voluntary Recovery Fund
N PTCBC East Pit
2020
£
750
48,587
61
5,445
9,095
24,392
10,278
400
25,000
8,367
5,000
10,000
500
6,000
2,000
1,000
17,002
1,000
35,030
10,000
219,907|2019
£
23,942
346
5,040
1,950
1,667
5,786
700
1,629
20,000
39,962
9,366
4,500|
|---|---|
||114,888|
Page 10
continued ...
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2020|2019|
|---|---|---|
||£|£|
|Depreciation - owned assets|3,145|1,816|
## **5. 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.
## **6. STAFF COSTS**
|**STAFF COSTS**||
|---|---|
|2020
£
Wages and salaries
233,213
Social security costs
8,729
Other pension costs
2,847
244,789|2019
£
250,257
7,954
2,832|
||261,043|
The Key Management Personnel of the Charity received remuneration of £71,542 , this includes gross salary paid, employers national insurance contributions and employers pension contributions. This figure also includes time spent on non management activities.
The average monthly number of employees during the year was as follows:
||2020|2019|
|---|---|---|
|Management|4|3|
|Kitchen staff|2|1|
|Nursery staff|12|12|
|Office staff||4|
|Cleaning staff|1|1|
||19|21|
|||--|
No employees received emoluments in excess of £60,000.
continued ...
Page 11
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|7.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
5,210
**Charitable activities**
Charitable activities
225,530
Other trading activities
3,310
Other income
4,914
**Total**
238,964
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
246,866
Other
5,623
**Total**
252,489
**NET INCOME/(EXPENDITURE)**
(13,525)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
105
**TOTAL FUNDS CARRIED FORWARD**
(13,420)|Restricted
funds
**£**
90,946
90,946
62,600
62,600
28,346
28,346|Total
funds
**£**
5,210
316,476
3,310
4,914
329,910
309,466
5,623
315,089
14,821
105
14,926|
|---|---|---|
Page 12
continued ...
## **CANOLFAN MAERDV**
## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE VEAR ENDED 31 DECEMBER 2020**
## **8. TANGIBLE FIXED ASSETS**
|Fixtures
and
Motor
Computer
fittings
vehicles
equipment
£
£
£
**COST**
At 1 January 2020
19,131
19,990
11,640
Additions
24,421
14,450
1,408
At 31 December 2020
43,552
34,440
13,048
**DEPRECIATION**
At 1 January 2020
15,335
11,206
11,640
Charge for year
949
2,196
At 31 December 2020
16,284
13,402
11,640
**NET BOOK VALUE**
At 31 December 2020
27,268
21,038
1,408
At 31 December 2019
3,796
8,784
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE VEAR**
2020
£
Trade debtors
7,026
Other debtors
382
Prepayments
1,946
9,354
--
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE VEAR**
2020
£
Trade creditors
2,096
Social security and other taxes
3,023
Other creditors
2,621
Accruals and deferred income
6,524
14,264|Totals
£
50,761
40,279
91,040
38,181
3,145
41,326
49,714
12,580
2019
£
3,518
444
3,962
2019
£
3,016
3,078
15,152
1,200
22,446|
|---|---|
continued ...
Page 13
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **11. MOVEMENT IN FUNDS**
|At 1.1.20
**£**
**Unrestricted funds**
General fund
(13,420)
**Restricted funds**
NPTCBC Celtic Energy fund
NPT Childcare Capital Grant
5,295
WCVA Landfill
21,659
South Wales Police Trust
1,392
ICFWBGRANT
Carmarthen shire CA VS
NPT Food Poverty
Myndd Y Betws Wind farm
Perthigwynioin Emergency
WCVA Voluntary Recovery Fund
NPTCBC VSEF
NPTCBC Core Funding
NPTCBC East Pit
28,346
**TOTAL FUNDS**
14,926|Net
movement
in funds
**£**
125,029
400
(4,756)
(21,659)
(1,392)
1,008
631
3,355
750
68
35,030
200
10,415
5,502
29,552
154,581|At
31.12.20
**£**
111,609
400
539
1,008
631
3,355
750
68
35,030
200
10,415
5,502
57,898
169,507|
|---|---|---|
Page 14
continued ...
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
NPTCBC Celtic Energy fund
NPT Transport
NPT Childcare Capital Grant
WCV A Landfill
South Wales Police Trust
ICFWBGRANT
CDF
Western Power
Moondance
Carmarthenshire CAVS
NPT Food Povery
Tesco Ground Work
Myndd Y Betws Wind farm
Perthigwynioin Emergency
WCVA Voluntary Recovery Fund
NPTCBC VSEF
NPTCBC Community Transport
NPTCBC Core Funding
NPTCBC East Pit
WCVA Voluntary Emergency fund
Milk Grant
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
**£**
**£**
**£**
254,758
(129,729)
125,029
400
400
5,445
(5,445)
24,392
(29,148)
(4,756)
(21,659)
(21,659)
(1,392)
(1,392)
10,278
(9,270)
1,008
5,000
(5,000)
10,000
(10,000)
6,000
(6,000)
1,000
(369)
631
8,367
(5,012)
3,355
500
(500)
750
750
1,000
(932)
68
35,030
35,030
2,000
(1,800)
200
25,000
(25,000)
32,682
(22,267)
10,415
10,000
(4,498)
5,502
17,002
(17,002)
61
(61)
194,907
(165,355)
29,552
449,665
(295,084)
154,581|
|---|---|
continued ...
Page 15
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.1.19
**£**
**Unrestricted funds**
General fund
105
**Restricted funds**
NPT Childcare Capital Grant
WCVA Landfill
South Wales Police Trust
**TOTAL FUNDS**
105
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
**£**
**Unrestricted funds**
General fund
238,964
**Restricted funds**
Restricted Fund
36,418
NPT Childcare Capital Grant
9,366
WCVA Landfill
39,962
South Wales Police Trust
4,500
East Pit Community Liaison Committee
700
90,946
**TOTAL FUNDS**
329,910|Net
movement
in funds
**£**
(13,525)
5,295
21,659
1,392
28,346
14,821
Resources
expended
**£**
(252,489)
(36,418)
(4,071)
(18,303)
(3,108)
(700)
(62,600)
(315,089)|At
31.12.19
**£**
(13,420)
5,295
21,659
1,392
28,346
14,926
Movement
in funds
**£**
(13,525)
5,295
21,659
1,392
28,346
14,821|
|---|---|---|
Page 16
continued ...
## **CANOLFAN MAERDV**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE VEAR ENDED 31 DECEMBER 2020**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|At 1.1.19
**£**
**Unrestricted funds**
General fund
105
**Restricted funds**
NPTCBC Celtic Energy fund
NPT Childcare Capital Grant
ICFWBGRANT
Carmarthenshire CA VS
NPT Food Poverty
Myndd Y Betws Wind farm
Perthigwynioin Emergency
WCVA Voluntary Recovery Fund
NPTCBC VSEF
NPTCBC Core Funding
NPTCBC East Pit
**TOTAL FUNDS**
105|Net
movement
in funds
**£**
111,504
400
539
1,008
631
3,355
750
68
35,030
200
10,415
5,502
57,898
169,402|At
31.12.20
**£**
111,609
400
539
1,008
631
3,355
750
68
35,030
200
10,415
5,502|
|---|---|---|
|||57,898|
|||169,507|
continued ...
Page 17
## **CANOLFAN MAERDY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted Fund
NPTCBC Celtic Energy fund
NPT Transpor
NPT Childcare Capital Grant
WCVA Landfill
South Wales Police Trust
ICFWBGRANT
CDF
Western Power
Moondance
Carmarthenshire CA VS
NPT Food Poverty
Tesco Ground Work
Myndd Y Betws Wind farm
Perthigwynioin Emergency
WCVA Voluntary Recovery Fund
NPTCBC VSEF
NPTCBC Community Transpor
NPTCBC Core Funding
NPTCBC East Pit
WCVA Voluntary Emergency fund
Milk Grant
East Pit Community Liaison Committee
**TOTAL FUNDS**|Incoming
resources
**£**
493,722
36,418
400
5,445
33,758
39,962
4,500
10,278
5,000
10,000
6,000
1,000
8,367
500
750
1,000
35,030
2,000
25,000
32,682
10,000
17,002
61
700
285,853
779,575|Resources
expended
**£**
(382,218)
(36,418)
(5,445)
(33,219)
(39,962)
(4,500)
(9,270)
(5,000)
(10,000)
(6,000)
(369)
(5,012)
(500)
(932)
(1,800)
(25,000)
(22,267)
(4,498)
(17,002)
(61)
(700)
(227,955)
(610,173)|Movement
in funds
**£**
111,504
400
539
1,008
631
3,355
750
68
35,030
200
10,415
5,502
57,898
169,402|
|---|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2020.
Page 18
## **CANOLFAN MAERDY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Fundraising events
**Charitable activities**
Child care
Room rental income
Cafe income
Grants
Flying start income
**Other income**
Sundry income
Coronavirus Job Retention
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Rates and water
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Cost of sales
Repairs and renewals
Cleaning and waste disposal
Nursery consumables
Subscription
Payroll costs
Insurance
Security
Travel expenses
Carried forward|2020
£
9,175
3,084
94,628
170
531
219,907
76,627
391,863
3,855
41,688
45,543
449,665
183,654
8,729
2,847
1,647
8,190
1,407
3,866
605
461
5,054
2,876
3,192
2,417
535
2,039
2,125
1,616
3,669
234,929|2019
£
5,210
3,310
154,636
1,717
1,083
114,888
44,152
316,476
4,914
4,914
329,910
218,457
7,954
2,832
1,253
7,521
1,579
2,853
539
1,153
8,380
5,782
2,242
1,739
234
1,181
2,545
1,605
4,460
272,309|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19
## **CANOLFAN MAERDY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Charitable activities**
Brought forard
Fixtures and fittings
Motor vehicles
**Other**
Staff training
Staff Uniform
Pest control
Vehicle fuel
Motor licences and insurance
Motor repairs and servicing
Bank charges
**Suppor costs**
**Management**
Wages
**Suppor costs**
Accountancy fees
Legal fees
Total resources expended
**Net income**|2020
£
234,929
949
2,196
238,074
167
450
435
1,311
92
60
2,515
49,559
2,325
2,611
4,936
295,084
154,581|2019
£
272,309
653
1,163
274,125
1,112
130
450
1,126
2,134
611
60|
|---|---|---|
|||5,623
31,800
2,130
1,411|
|||3,541|
|||315,089|
|||14,821|
This page does not form part of the statutory financial statements
Page 20