## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2023|2022| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| ||Notes|funds|fundsI|funds
8|funds| |INCOME AND ENDOWMENTS FROM|||||| |Donations
and legacies||130,146||130,146|19,568| |Charitable
activities|||||| |Grants and Contracts||2,517||2,517|| |Audio Service||20,023||20,023|11,800| |Bangor Resources Centre||151178||15,178|7,204| |Rehabilitation
Service|||120328|120428|118,593| |Other trading activities||17,934||17,934|22,627| |Investment
income||81466||81,266|55,358| |Other income|||||3,831| |Tetal||267,064|120328|387492|238,981| |EXPENDITURE ON|||||| |Raising funds|6|9,767||9dt67|19,213| |Charitable
activities|7||||| |Audio Service||60,953||60,953|35,913| |Bangor Resources Centre||308,739|15/31|323,970|303,920| |RehabiTitation
Service
Counselling|||1573139
22lgg|157,839
~888|165,446
~5329| |Total||~379459|~176058|555i51'/|~529 821| |Net gains/(losses)
on investments||138,422||~238 22|~95989| |NET INCOME/(EXPENDITURE)||(250+17)|(55,730)|(306,547)|(194,851)| |Transfers between funds|19|(40,200)|40400||| |Other recognised gains/gasses)
Actuarial
gains on defined benefit schemes||~822 000||~822 000|448,000| |Net movement
in funds||530„rt83|(15430)|515,453|253,149| |RECONCILIATION OF FUNDS|||||| |Total funds brought forward||2,4312193|39,659|2,471,552|2,2)8,403| |TOTAL FUNDS CARRIED FORWARD||~296 876|~24 129|~987005|~2471 552| ## ## |||||2023|2022| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| ||Notes|f|f|8|f| |FIXEDASSETS|||||| |Tangible assets|14|127,068||127,068|131,927| |Investments|15|2,147,274||2,147,274|~2429 398| |||2/74/42||2,274342|2,561,325| |CURRENT ASSETS|||||| |Stocks|16|33,441||33,441|25,08i| |Debtors|17|2,976|1,692|44168|4,400| |Cash at bank and in hand||89,437|272)59|117,296|88,462| |||125,854|29451|155,405|117,943| |CREDITORS|||||| |Amounts
falling due within one year|18|(15,320)|(5,422)|(20,742)|(25,716)| |NET CURRENT ASSETS||~110 34|~24 129|~134663|~92227| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||2,384,876|Z4,129|Z,409,005|2,653,552| |PENSION ASSET/(LIABILITY)|20|578,000||578,000|(182,000)| |NET ASSETS||~262 876|~24 129|~287 005|2,471,552| |FUNDS|19||||| |Unrestricted
funds
Restricted funds||||2&962d)76
~24 129|2,431,893
~39659| |TOTAL FUNDS||||~2987005|2,471,552| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|OTHER TRADINC ACTIVITIES||||| |---|---|---|---|---|---| |||||2023f|2022f| ||Sales-resources
income|||13,895|6,953| ||Sales-volunteers'
shop|||4,039|15,674| |||||~17 934|~22 627| |4.|INVESTMENT INCOME||||| |||||2023f|2022f| ||Investment
income|||~81266|~55 358| ||INCOME FROM CHARITABLE|ACTIVITIES|||| |||Unrestricted|Restricted|313.23|31.322| |||f|f||| ||Audio and Talking BookService|20,023||20,023|9,832| ||Cyngor Gwynedd
Council||76,770|76,770|75„035| ||Cyngor SirYnys Mon||43,558|43,558|43,558| ||Royal Society for Blind Children||2,517|2,517|| ||Access toWork|||6 68|9,172| ||Total||||137,597| |6.|RAISING FUNDS||||| ||Other trading
acfivities||||| |||||2023f|2022| ||Purchases
Fundraising
activities|||M92
~475|13,428
5,785| |||||9dt67|~19213| ## |7.|CHARITABLE AC11|VITIESC|OS|TS|||| |---|---|---|---|---|---|---|---| ||||||Grant||| ||||||funding of||| ||||||activities|Support|| |||||Direct|(seenote|costs (see|| |||||Costs
f|8)|note 9)
f|Totals
f| ||Audio Service|||28,623||32430|60 &t53| ||Bangor Resources Centre|||284dt17|200|38,953|323+70| ||Rehabilitation
Service
Counselling|||157,449
~288||390|157,839
~288| |||||~473777||~71673|~545650| |8.|GRANTS PAYABLE||||||| |||||||2023
5|2022f| ||Bangor Resources Centre|||||200|1,260| |9.|SUPPORT COSTS||||||| |||||||Governance|| |||||Management
f|Other
f.|costs|Totals
f,| ||Audio Setvice|||32,016|314||32,330| ||Bangor Resources Centre|||29&998|4,155|4,800|38,953| ||Rehabilitation
Sen&ice||||390||390| |||||~62 014|~4859|43)00|~71 673| |10.|NKT INCOME/(EXPENDITURE)||||||| ||Net income/(expenditure)|is stated|afler cbarging/(crediting):||||| |||||||2023f|2022
f.| ||Indepeodent
examination|oftbe|accounts|||4&$00|4,440| ||Depreciation - owned assets|||||4dt59|4,641| ||Independent
examiners'|remuneratioa||for other services||1,$85|1,668| ## ## ## ## |||2023|2022| |---|---|---|---| |||8|| |Wages|and salaries|266~0|274,561| |Social|security costs|Ig„rtgg|20,648| |Other|pensioa costs|54,858|54,650| |||340,098|349,859| |The average monthly|The average monthly|number ofemployees|during|the year was as follows:||| |---|---|---|---|---|---|---| ||||||2023|2022| |Manager|||||1|1| |Direct Charitable|||||8|9| |Administration|and Suppon||||I|1| |Development|Officer||||1|1| |||||||12| |13.|COMPARATIVES li'OR THE STATEMENT OFFINANCIAL ACTIVITIES|COMPARATIVES li'OR THE STATEMENT OFFINANCIAL ACTIVITIES||| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||funds|Snds|funds| |||I||6| ||INCOME AND ENDOWMENTS FROM|||| ||Donagons and legacies|19,568||19,568| ||Charitable
activities|||| ||Audio Service|11,800||11,800| ||Bangor Resources Centre|7,204||7,204| ||Rehabilitation
Service||118,593|118,593| ||Other trading activities|22,627||22,627| ||Investment
income|55,358||55,358| ||Other income|3,831||3,831| ||Total|~120388|~118593|~238 981| ||EXPENDITURE ON|||| ||Raising funds|19313||19,213| ||Charitable
activities|||| ||Audio Service|35,913||35,913| ||Bangor Resources Centre|303,920||303,920| ||Rehabilitation
Service
Counselling||165,446
~5329|165,446
~5329| ||Total|359,046|~170775|~529 821| ||Net gains on investments|~95989||95,989| ||NET INCOME/(EXPENDITURE)|(142,669)|(52,182)|(194,851)| ||Transfers between funds|(33,587)|33,587|| ||Other recognised gains/(losses)|||| ||Actuarial
gains on defined benefit schemes|448„000||448.000| ||Net movement
in funds|271,744|(18,595)|253,149| ||RECONCILIATION
OFFUNDS|||| ||Total funds bmught
forward|2,160,149|58,254|2,218,403| ||TOTAL FUNDS CARRIED FORWARD|~2431 893|~39659|~247L552| ## ## |TANGIBLE FIXEDASSETS||||| |---|---|---|---|---| |||Fixtures||| ||Freehold|and|Motor|| ||pmperty
f|fittings
6|vehicles|Totals| |COST||||| |At 1 April 2022 and 31 March 2023|170,0(I0|~91
5|~9924|~271769| |DEPRECIATION||||| |At 1April 2022|41,800|89,112|$,930|139,842| |Charge for year|3,400|1,211|248|4,859| |At 31March 2023|~45200|~90323|~9178|144,701| |NET BOOKVALUE||||| |At31March 2023|124400|1422|746|127,068| |At 31March 2022|128,200|2,733|994|~131927| ||lfthe freehold property
had not been included at
convention as fogows:|valuation
it would have|been includ| |---|---|---|---| |||2023|2022| ||Cost|32,043|32,043| ||Accumulated
Depreciation|(8,520)|(7,879)| ||Net BookValue|23,523|24,164| |15.|FIXEDASSETINVESTMENTS||| |FIXEDASSETINVESTMENTS|| |---|---| ||Listed| ||investments| |MARKET VALUE|| |At 1 April 2022|2,429,398| |Additions|373,17$| |Disposals|(612,668)| |Revaluations|(42,634)| |At31March 2023|2,147,274| |NET BOOKVALUE|| |At 31March 2023|2,147;274| |At 31March 2022|2,429,398| ## ## ## |16.|STOCKS||| |---|---|---|---| |||2023|2022I| |||~33441|~25 081| |17,|DEBTORS; AMOUNTS FALLING DUK WITHIN ONE YEAR||| |||2023|2022| ||Other debtors|2rt76|4,400| ||Prep aymeuts|1,692|| |||4,668|| |DL|CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR||| |||2023|2022| ||||6| ||Social security and other taxes|5,751|9,491| ||Accruals and deferred income|~14991|~16225| |||~20 742|~25 716| |19.|MOVEMKNT IN FUNDS||| |MOVEMKNT IN FU|NDS||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||nloveulcllt|between|At| |||At 1.4.22|in funds|funds|31.3.23| |||I|I|5|5| |Unrestricted
funds|||||| |General fund||2,212,630|614,971|(40,618)|2,786,983| |Properly Revaluation|Reserve|104,036|(2,759)||101477| |Recording Studio
Rehab Training Fund||314
~114 13|(41,029)|40,715
~40297)|~74616| |||2,431,893|571,183|(40400)|2rr623)76| |Restricted funds|||||| |Rehabilitation
Service||390|(40,590)|40,200|| |Dr Rhydian James Grant Fund||3458|||3,258| |Antioch Club
Community
Engagement||22474
~13637|(1403)
~13.637)||20,871| |||39,659|~55730|40400|2
129| |TOTAL FUNDS||~471 52|515,453||2 87005| ## |||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---|---| |||||Iesollrces
f|expended
f|losses
f|in funds
f| |Unrestricted
funds|||||||| |General fund||||247,041|(315,648)|683,578|614,971| |Properly
Revaluation|Reserve||||(2,759)||(2,759)| |Recording
Studio||||20,023|~61,052||~41029)| |||||267,064|(379,459)|683878|571,183| |Restricted funds|||||||| |Rehabilitation
Service||||120328|(160,918)||(40,590)| |Antioch Club|||||(1,503)||(1,503)| |Community
Engagement|||||~1363||~13,637)| |||||120828|176,058||~55,730| |TOTALFUNDS||||387392|555 1|~683578|~515453| |Comparatives
for movtnnent|||in funds||||| ||||||Net|Transfers|| ||||||movemeut|between|At| |||||At 1.4.21|in funds|funds|31.3.22| |||||f||f|| |Unrestricted
feuds|||||||| |General fund||||2,053354|334,171|(174,895)|2212,630| |Property Revaluation|Reserve|||106,795|(2,759)||104,036| |Recording Studio|||||(26,081)|26,395|314| |Rebab Training Fund||||||114,913|114,913| |||||2,160,149|305,331|(33,587)|2,431,893| |Restricted funds|||||||| |RehabiTitation
Service|||||(34,697)|35,087|390| |Community
Engagement||Officer||1,500||(1,500)|| |Dr Rhydiau James Grant||Fund||3,258|||3,258| |Antioch Club||||22,374|||22,374| |Community
Engagement||||31,122|&17.485||13,637| |||||58,254|52 182|33,587|39,659| |TOTAL FUNDS||||~2218403|~253 149||~2,471552| ## |||incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||tcsottrccs|expcndcd|losses
I|in funds| |Unrestritned
funds|||||| |General fund||110,556|(320474)|543,989|334&171| |Pmperty
Revaluation|Reserve||(2,759)||(2,759)| |Recording Studio||9,832|~35913)||~26081| |||120,388|(359,046)|543,989|305,331| |Restricted funds|||||| |Rehabilitation
Service||118,593|(153,290)||(34,697)| |Community
Engagement|||~17,485||~17485| |||~118593|~170775)||52 182| |TOTAL FUNDS||238,981|(529,821)|543,989|253,149| |Pu
seofrestricted|funds||||| ## ## ## ## ## ## ## ## ## ## ## |||Defined|beaefit| |---|---|---|---| |||pension|plans| |||2023|2022| |Present value offunded obligations||(2,427,000)|(3,2h65,000)| |Fair value ofplan assets||~3005 00|~3083.000| |||578,000|(182,000)| |Present value ofunfunded|obligations||| |Surplus/(Deficit)||~578000|~182,000)| |Net asset/(liability)||~578000|~182000)| ## |The amounts recognised in the Statem|ent ofFinaacial Activiti|es are as follows;||| |---|---|---|---|---| ||||Defined|benefit| ||||petmion|plans| ||||2023|2022| ||||8|I| |Current service cost|||108,000|ll0,000| |Net interest from oet defined benefit||||| |asset/liability|||89,000|68,000| |Past service cost||||| ||||~197000|178,000| |Actual return on plan assets||||| |Changes iu the present value ofthe defined benefit obligation||are as follows:||| ||||Defined|benefit| ||||penBon|plans| ||||2023|2022| |Opening defined benefit obligation|||3,265,000|3,392,000| |Current service cost|||108,000|110,000| |Contributions
by scheme participants|||15,000|15,000| |Interest cast|||89,000|68,000| |Benefits paid|||(79,000)|(72,000)| |Remessurementu||||| |Actuarial (gains)/losses
from changes|in|||| |demographic
assmnptions|||(22,000)|(17,000)| |Actuarial
(gains)/losses
&am changes|in|||| |financial
assumptions
Oblig other remeasurement|||(1,271,000)
~322000|(238,000)
~7000| ||||~2427 000|~3265 000| ## |Changes
in th|e fair value ofscheme assets are as follows:||| |---|---|---|---| |||Degned|beaeBt| |||pension|plans| |||2023|2022| |||f|f.| |Opening
fair value ofscheme assets||3,083,000|2,829,000| |Contributions|by employer|52,000|54,000| |Contributions|by scheme participants|15,000|15,000| |Assets interest|income|83,000|57,000| |Benefits paid||(79,000)|(72,000)| |Remeasurements:|||| |Return
on plan assets (excluding interest|||| |income)||(111,000)|200,000| |Assets other remeasurement||(38,000)|| |||3,005,000|3,083,000| ||||||Degned|benefit| |---|---|---|---|---|---|---| ||||||pension|plans| ||||||2023|2022| |||||||6| |Actuarial|(gains)/losses||tram changes|in||| |demographic||assumptions|||22,000|17,000| |Actuarial|(gains)/losses||Rom changes|in||| |financial|assumptions||||1+71,000|238,000| |Oblig other||remeasurement|||(322,000)|(7,000)| |Return
on plan assets (exctuding interest||||||| |income)
Assets other||remeasurement|||(111,000)
~3$,000|200,000| ||||||822,000|448,000| |The major categories ofscheme assets as aperc|entage oftotal scheme assets are as follows:|| |---|---|---| ||Degned|benefit| ||pension|plans| ||2023|2022| |Equities|67o/|70%| |Property|1$'/o|9o/o| |Cash|15o/|2 to/o| ||100o/o|100'Yo| ## ## |EMPLOYEE BENEFITOB|LIGATIONS - continued||| |---|---|---|---| |Principal actuarial assumptions|at the Balance Sheet date (expressed as vreighted|averages):|| |||2023|2022| |Discount rate||4.75%|2.71P/s| |Future salary increases||3A5%|3.5(P/o| |Future pension increases||2.95%|3.20%| ## ## ## ## ## ##