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2022-03-31-accounts

Page
Report ofthe Trustees 1to9
Report ofthe Independent
Auditors		 10 to 13
Statement ofFinancial Activities 14 to 15
Balance Sheet 16 to 17
Notes tothe Financial Statements 18 to 39
Detailed Statement ofFinancial Activities 40 to 41

fort heye
rEn		 31stM rch 2022
31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes f E E E
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 2 21,354 258,449 279,803 488,847
Charitable
activities
General Events 162 162 1,752
International 5,370 5,370 3,569
Rural affairs 500 500 792
Young Peoples Village 3,552
Royal Welsh Show 50 50
Winter Fair 75 75
Public speaking 110 110
Entertainment Feast 40
Eisteddfod 8,230 8,230
Lamb Marketing 7,796 7,796 7,544
Other trading activities 10,310 10,310
Investment
income		 42 42 135
Total 53,999 258,449 312,448 506,231
EXPENDITURE ON
Raising funds 5 2,267 10,739 13,006 21,103
Charitable
activities
General Events 8,633 117,106 125,739 114,361
International 3,384 3,257 6,641 8,441
Youth Forum 1,543 520 2,063 2,044
Sports Day 127 1,345 1,472
Rural affairs 252 9,027 9,279 47,122
Training 110 110 263
Marketing
2,769 38,563 41,332 19,159
Young Peoples Village 2,816 5,867 8,683 1,337
Royal Welsh Show 759 1,877 2,636 5,741
SPring Festival 15 15
Winter Fair 3,731 8,827 12,558 4,957
Public speaking 1,140 8,622 9,762 438
Field Day 126 2,006 2 132 33
Entertainment Feast 293 293 191
Eisteddfod 8,090 10,153 18,243 3111
Lamb Marketing 2,015 1,986 4,001 3,796
Welsh Promotion 125 992 1,117 956
S
for		 tate
tof
t
Year En		 Financial A

31
March		 ie
20 2
31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes f f f f
Total 37,777 221,305 259,082 233,053
NET INCOME 16,222 37,144 53,366 273,178
RECONCILIATION OF FUNDS
Total funds brought forward 424,792 257,032 681,824 408,646
TOTAL FUNDS CARRIED FORWARD 441,014 294,176 735,190 681,824

31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E f E
FIXEDASSETS
Tangible assets 14 14,418 80,857 95,275 88,175
CURRENT ASSETS
Stocks 15 2,464 2,464 2,464
Debtors 16 33,433 33,433 20,403
Cash at bank 418,346 244,131 662,477 624,783
454,243 244,131 698,374 647,650
CREDITORS
Amounts
falling due within one year		 17 (27,650) (30,809) (58,459) (44,001)
NET CURRENT ASSETS 426,593 213,322 639,915 603,649
TOTAL ASSETSLESSCURRENT LIABILITIES 441,011 294,179 735,190 691,824
CREDITORS
Amounts
falling due after more than one
year 18 (10,000)
NETASSETS 441,011 294,179 735,190 681,824
FUNDS 20
Unrestricted
funds		 441,011 424,792
Restricted funds 294,179 257,032
TOTAL FUNDS 735,190 681,824

Unrestricted Restricted
funds funds 31.3.22 31.3.21
E E E f
Donations 2,704 2,704 8,200
Grants
Welsh Government- Welsh Language Grant 124,719 124,719 134,720
Wales Cultural
Recovery Fund		 87,633 87,633 132,978
National Voluntary Youth Organisations 30,000 30,000 30,000
Lottery Community Fund 13,146 13,146
NFU Charitable Trust 7,000 7,000 11,000
Covid Job Retention Scheme 2,951 2,951 26,345
Wales Council for Voluntary Action 37,500
Moondance
Foundation		 5,000
Powys County Council Covid Grant 30,000
Levies 9,220 9,220 52,117
Direct Affiliation 1,580 1,580 20,888
54C Income 850 850 100
21,354 258,449 279,803 488,848

3. OTHER TRADING ACTIVITIES
31.3.22 31.3.21
E E
Merchandise 310
Sponsorships 10,000
10,310
4. INVESTMENT INCOME
31.3.22 31.3.21
f
Deposit account interest 42 135

31.3.22 31.3.21
f E
Staff costs 5,773 10,597
Purchases stock and merchandise 1,635
Support Costs 5,598 10,506
13,006 21,103

DIRECT COS TS OF CHARITABLE ACTIVITIES
31.3.22 31.3.21
E E
Staff costs 42,824 53,063
Payments to county federations 64,617 61,617
Insurance 4,016 3,889
Travelling
Ik		 accommodation 1,421 666
Translation costs 1,509 822
Charitable
event costs		 24,232 6,856
138,619 126,913
SUPPORT COSTS
Governance
Management
E		 costs
f		 Totals
E
Raising donations and legacies 4,352 1,246 5,598
General Events 39,069 10,944 50,013
International 1,742 497 2,239
Sports Day 871 248 1,119
Rural affairs 1,741 497 2,238
Marketing
19,145 5,469 24,614
Young Peoples Village 2,999 746 3,745
Royal Welsh Show 870 248 1,118
Winter Fair 4,350 1,242 5,592
Public speaking 4,350 1,242 5,592
Field Day 870 248 1,118
Eisteddfod 5,222 1,492 6,714
Lamb Marketing 1,741 497 2,238
Welsh Promotion 869 248 1,117
88,191 24,864 113,055

Management
Raising
donations
and General Sports
legacies Events International Day
f 6 6 E
Wages 2,137 18,807 855 427
Rent, rates and water 223 1,958 90 45
Insurance 93 827 38 19
Light and heat 436 3,829 174 87
Telephone 183 1,620 74 37
Postage and stationery 278 2,454 112 56
Sundries
Repairs &renewals 322 3,604 128 64
ITmaintenance &support 493 4,340 197 99
Depreciation of tangible and heritage
assets 183 1,605 73 37
Loan 2 10
Bank charges 2 15
4,352 39,069 1,742 871
Young Royal
Rural Peoples Welsh
affairs Marketing Village Show
f 6 E
Wages 855 9,403 1,282 427
Rent, rates and water 89 979 133 44
Insurance 38 414 56 19
Light and heat 174 1,915 261 87
Telephone 74 810 110 37
Postage and stationery 112 1,227 167 56
Sundries
Repairs &renewals 128 1,412 193 64
IT maintenance &support 197 2,170 686 99
Depreciation of tangible and heritage
assets 73 802 109 37
Carried forward 1,740 19,132 2,997 870

young Royal
Rural Peoples Welsh
affairs Marketing Village Show
f E E E
Broughtforward 1,740 19,132 2,997 870
Loan 5 1
Bank charges 8 1
1,741 19,145 2,999 870
Winter Public
Fair
f		 speaking
f		 Field Day
E		 Eisteddfod
f
Wages 2,137 2,137 427 2,565
Rent, rates and water 222 222 44 267
Insurance 94 94 19 113
Light and heat 435 435 87 522
Telephone 184 184 37 221
Postage and stationery 279 279 56 335
Sundries
Repairs & renewals 321 321 64 385
ITmaintenance &support 493 493 99 592
Depreciation of tangible and heritage
assets 182 182 37 219
Loan 1 1 1
Bank charges 2 2 2
4,350 4,350 870 5,222
31.3.22 31.3.21
Lamb Welsh Total Total
Marketing Promotion activities activities
E f f f
Wages 855 427 42,741 55,108
Rent, rates and water 89 44 4,449 4,785
Insurance 38 19 1,881 1,137
Light and heat 174 87 8,703 1,061
Telephone 74 37 3,682 2,854
Postage and stationery 112 56 5,579 3,087
Sundries 12
Carried forward 1,342 670 67,035 68,044

31.3.22 31.3.22 31.3.21 31.3.21
l.amb Welsh Total Total
Marketing
E		 Promotion
f		 activities
f		 activities
E
Brought forward 1,342 670 67,035 68,044
Repairs &renewals 128 64 7,198 164
ITmaintenance &support 197 99 10,254 4,652
Depreciation of tangible and heritage
assets 73 3,648 3,291
Loan 21
Bank charges 35 829
1,741 869 88,191 76,980
Governance costs
Raising
donations
and General Sports
legacies Events International Day
E E f E
Wages 292 2,565 117 58
Auditors'
remuneration		 200 1,760 80 40
Rent, rates and water 38 329 15 7
Light and heat 4 39 2 1
Telephone 11 102 5 2
Postage and stationery 17 160 7 4
Sundries
Accountancy fees 55 479 22 11
Legal &professional fees 533 4,684 213 106
Repairs &renewals 22 199 9 5
ITmaintenance &support 33 283 13 6
AGM expenses 29 252 11 6
Depreciation of tangible fixed assets 12 92 3 2
1,246 10,944 497 248

Young Young Royal
Rural Peoples Welsh
affairs Marketing Village Show
E 6 6 E
Wages 117 1,282 175 58
Auditors'
remuneration		 80 880 120 40
Rent, rates and water 15 164 22 7
Light and heat 2 20 3 1
Telephone 5 51 7 2
Postage and stationery 7 80 11 4
Sundries
Accountancy
fees		 22 240 33 11
Legal &professional fees 213 2,341 319 106
Repairs &renewals 9 100 14 5
ITmaintenance &support 13 141 19 6
ASM expenses 11 125 17 6
Depreciation
of		 tangible fixed assets 3 45 6 2
497 5,469 746 248
Winter Public
Fair
E		 speaking
f		 Field
E		 Day Eisteddfod
E
Wages 291 291 58 350
Auditors'
remuneration		 200 200 40 240
Rent, rates and water 37 37 7 45
Light and heat 4 4 1 5
Telephone 12 12 2 14
Postage and stationery 18 18 4 22
Sundries
Accountancy
fees		 54 54 11 65
Legal &professional fees 532 532 106 639
Repairs &renewals 23 23 5 27
ITmaintenance &support 32 32 6 38
AGM expenses 28 28 6 34
Depreciation
of		 tangible fixed assets 11 11 2 13
1,242 1,242 248 1,492

31.3.22 31.3.21
Lamb Welsh Total Total
Marketing Promotion
f		 activities
E		 activities
f
Wages 117 58 5,829 11,163
Auditors'
remuneration		 80 40 4,000 3,950
Rent, rates and water 15 7 745 639
Light and heat 2 1 89 90
Telephone 5 2 232 259
Postage and stationery 7 4 363 292
Sundries 1
Accountancy fees 22 11 1,090 1,445
Legal &professional
fees		 213 106 10,643
Repairs &renewals 9 5 455 15
ITmaintenance
&support		 13 6 641 417
AGM expenses 11 6 570
Depreciation
oftangible fixed assets		 3 2 207 292
497 248 24,864 18,563
NET INCOME/(EXPENDITURE)
Net income/(expenditure) isstated after charging/(crediting): 31.3.22 31.3.21
Auditors'
remuneration		 4,000 3,950
Depreciation
-Owned assets		 3,855 3,583

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
E f E
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 122,305 366,542 488,847
Charitable
activities
General Events 1,752 1,752
International 3,569 3,569
Rural affairs 792 792
Young Peoples Village 3,552 3,552
Entertainment Feast 40 40
Lamb Marketing 7,544 7,544
Investment
income		 135 135
Total 139,689 366,542 506,231

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
Unrestricted Restricted Total
funds funds funds
E E E
Raising funds 896 20,207 21,103
Charitable
activities
General Events 7,696 106,665 114,361
International 3,523 4,918 8,441
Youth Forum 86 1,958 2,044
Rural affairs 2,014 45,108 47,122
Training 6 257 263
Marketing
743 18,416 19,159
Young Peoples Village 1,337 1,337
Royal Welsh Show 208 5,533 5,741
Winter Fair 217 4,740 4,957
Public speaking 10 428 438
Field Day 1 32 33
Entertainment Feast 191 191
Eisteddfod 423 2,688 3,111
Lamb Marketing 2,005 1,791 3,796
Welsh Promotion 60 896 956
Total 19,416 213,637 233,053
NET INCOME 120,273 152,905 273,178
RECONCILIATION OF FUNDS
Total funds brought forward 304,517 104,129 408,646
TOTAL FUNDS CARRIED FORWARD 424,790 257,034 681,824

INTANGIBLE FIXEDASSETS
Website
E
COST
At 1st April 2021and 31stMarch 2022 19,690
AMORTISATION
At 1st April 2021 and 31stMarch 2022 19,690
NET BOOK VALUE
At 31stMarch 2022
At 31stMarch 2021

TANGIBLE FIXEDASSETS
Improvements Promotiona
Long to &field
leasehold property equipment
E E E
COST
At 1st April 2021 97,987 10,038
Additions 10,955
At 31stMarch 2022 97,987 10,955 10,038
DEPRECIATION
At 1st April 2021 10,518 9,739
Charge for year 2,784 365 299
At 31stMarch 2022 13,302 365 10,038
NET BOOK VALUE
At 31stMarch 2022 84,685 10,590
At 31stMarch 2021 87,469 299

14. TANGIBLE FIXEDASSETS - continued TANGIBLE FIXEDASSETS - continued
Fixtures
and Computer
fittings
f		 equipment
f		 Totals
f
COST
At 1st April 2021 8,105 25,751 141,881
Additions 10,955
At 31stMarch 2022 8,105 25,751 152,836
DEPRECIATION
At 1stApril 2021 7,916 25,533 53,706
Charge for year 189 218 3,855
At 31stMarch 2022 8,105 25,751 57,561
NET BOOK VALUE
At 31stMarch 2022 95,275
At 31stMarch 2021 189 218 88,175
15. STOCKS
31.3.22 31.3.21
f f
Stocks 2,464 2,464
16. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
E E
Trade debtors 19,171 12,541
Other debtors 204 204
VAT 3,415
P repayments 10,643 7,658
33,433 20,403

17. CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR		 31.3.22 31.3.21
6 E
Other loans (see note 19)
Trade creditors
Social security and other taxes		 17,109
5,098		 2,500
1,280
2,596
598
VAT 221 221
Sundry creditors 539 539
Pension fund 35,492 36,267
Accrued expenses
58,459 44,001
18. CREDITORS: AMOUNTS
FALLING DUE AFTER MORE THAN ONE YEAR		 31.3.22 31.3.21
E E
Other loans (see note 19) 10,000
19. LOANS
An analysis ofthe maturity ofloans is given below:
313.22
E		 31.3.21
f
Amounts
falling due within one year on demand:
WCVA loan 1-2years		 2,500
Amounts
falling due between two and five years:
Other loans -2-5years		 7,500
Amounts
falling due in more than five years:
Repayable
by instalments:
WCVA loan 5+years		 2,500

MOVEMENT
IN FU		 NDS
Net
movement At
At1.4.21 in funds 31.3.22
f E
Unrestricted
funds
General Fund 277,568 16,219 293,787
Designated
Building		 Modernlsation
Fund 25,838 25,838
Designated
IT Fund		 396 396
Designated
Membership		 Form Fund 2,147 2,147
Duke of Edinburgh Awards Scheme
Fund 1,500 1,500
Recruitment
and Retention of
Membership
Fund		 1,500 1,500
Database
Fund		 1 1
Elwyn Jones 3,037 3,037
Training
Fund		 13,168 13,168
Buy a Brick Campaign
99,637 99,637
424,792 16,219 441,011
Restricted funds
Development
&Welsh Promotion		 26,187 (3,299) 22,888
CT Evans - Welsh Drama Fund 2,611 2,611
Powys Association ofVoluntary
Organisation 127 127
Garfield Weston Foundation 10,000 10,000
TM Meredith
Legacy		 72,730 (2,423) 70,307
Lottery - Awards for All 8,108 (219) 7,889
WCVA - Third Sector Resilience Fund
for Wales 26,065 (26,065)
Wales Cultural
Recovery		 Fund 106,204 56,372 162,576
Moondance
Foundation		 5,000 5,000
Lottery Community Fund 12,781 12,781
257,032 37,147 294,179
TOTAL FUNDS 681,824 53,366 735,190

Incoming Resources Movement
resources
f		 expended
E		 in funds
f
Unrestricted
funds
General Fund 53,999 (37,780) 16,219
Restricted funds
Development &Welsh Promotion 124,718 (128,017) (3,299)
TM Meredith Legacy (2,423) (2,423)
Lottery - Awards for All (218) (219)
National Voluntary Youth
Organisations 30,000 (30,000)
WCVA - Third Sector Resilience Fund
for Wales (26,065) (26,065)
Wales Cultural Recovery Fund 87,635 (31,263) 56,372
Covid Job Retention Scheme 2,951 (2,951)
Lottery Community Fund 13,146 (365) 12,781
258,449 (221,302) 37,147
TOTALFUNDS 312,448 (259,082) 53,366

Net
movement At
At1.4.20 in funds 31.3.21
f f E
Unrestricted
funds
General Fund 157,293 120,275 277,568
Designated
Building		 Modernisation
Fund 25,838 25,838
Designated
IT Fund		 396 396
Designated
Membership		 Form Fund 2,147 2,147
Duke of Edinburgh Awards Scheme
Fund 1,500 1,500
Recruitment
and Retention of
Membership
Fund		 1,500 1,500
Database Fund 1 1
Elwyn Jones 3,037 3,037
Training Fund 13,168 13,168
Buy a Brick Campaign
99,637 99,637
304,517 120,275 424,792
Restricted funds
Development
Ik Welsh Promotion		 7,912 18,275 26,187
CT Evans - Welsh Drama Fund 2,611 2,611
Powys Association ofVoluntary
Organisation 127 127
Garfield Weston Foundation 10,000 10,000
TM Meredith
Legacy		 75,153 (2,423) 72,730
Lottery - Awards for All 8,326 (218) 8,108
WCVA - Third Sector Resilience Fund
for Wales 26,065 26,065
Wales Cultural
Recovery		 Fund 106,204 106,204
Moondance
Foundation		 5,000 5,000
104,129 152,903 257,032
TOTAL FUNDS 408,646 273,178 681,824

Incoming Resources Movement
resources
f		 expended
E		 in funds
E
Unrestricted funds
General Fund 139,689 (19,414) 120,275
Restricted funds
Development &Welsh Promotion 134,720 (116,445) 18,275
TM Meredith Legacy (2,423) (2,423)
Lottery - Awards for All (218) (218)
National Voluntary Youth
Organisations 30,000 (30,000)
WCVA - Third Sector Resilience Fund
for Wales 37,501 (11,436) 26,065
Wales Cultural Recovery Fund 132,975 (26,771) 106,204
Moondance Foundation 5,000 5,000
Covid Job Retention Scheme 26,346 (26,346)
366,542 (213,639) 152,903
TOTAL FUNDS 506,231 (233,053) 273,178

Net
movement At
At1.4.20 in funds 31.3.22
E f E
Unrestricted
funds
General Fund 157,293 136,494 293,787
Designated
Building Modernisation
Fund 25,838 25,838
Designated
IT Fund		 396 396
Designated
Membership		 Form Fund 2,147 2,147
Duke ofEdinburgh
Awards Scheme
Fund 1,500 1,500
Recruitment
and Retention of
Membership
Fund		 1,500 1,500
Database Fund 1 1
Elwyn Jones 3,037 3,037
Training
Fund		 13,168 13,168
Buy a Brick Campaign
99,637 99,637
304,517 136,494 441,011
Restricted funds
Development
&Welsh Promotion		 7,912 14,976 22,888
CT Evans - Welsh Drama Fund 2,611 2,611
Powys Association ofVoluntary
Organisation 127 127
Garfield Weston Foundation 10,000 10,000
TM Meredith
Legacy		 75,153 (4,846) 70,307
Lottery - Awards for All 8,326 (437) 7,889
Wales Cultural
Recovery		 Fund 162,576 162,576
Moondance
Foundation		 5,000 5,000
Lottery Community
Fund		 12,781 12,781
104,129 190,050 294,179
TOTAL FUNDS 408,646 326,544 735,190

Incoming Resources Movement
resources expended in funds
E f f
Unrestricted
funds
General Fund 193,688 (57,194) 136,494
Restricted funds
Development
&Welsh Promotion		 259,438 (244,462) 14,976
TM Meredith
Legacy		 (4,846) (4,846)
Lottery - Awards for All (436) (437)
National Voluntary Youth
Organisations 60,000 (60,000)
WCVA - Third Sector Resilience Fund
for Wales 37,501 (37,501)
Wales Cultural
Recovery Fund		 220,610 (58,034) 162,576
Moondance
Foundation		 5,000 5,000
Covid Job Retention Scheme 29,297 (29,297)
Lottery Community Fund 13,146 (365) 12,781
624,991 (434,941) 190,050
TOTAL FUNDS 818,679 (492,135) 326,544

forthe Year Ended 3 1stMarch 2022
31.3.22 31.3.21
f E
INCOME AND ENDOWMENTS
Donations and legacies
Donations 2,704
Grants 277,099 488,847
279,803 488,847
Other trading activities
Merchandise 310
Sponsorships 10,000
10,310
Investment income
Deposit account interest 42 135
Charitable activities
Income from events 22,293 17,249
Total incoming resources 312,448 506,231
EXPENDITURE
Raising donations
and legacies
Wages 5,773 10,597
Other trading activities
Purchases 1,635
Charitable activities
Wages 42,824 53,063
Payments to county federations 64,617 61,617
Insurance 4,016 3,889
Travelling &accommodation 1,421 666
Translation costs 1,509 822
Charitable event costs 24,232 6,856
138,619 126,913
D led Statem tofFina I cti ities
for the Year Ended 31st March 2022
31.3.22 31.3.21
f f
Support costs
Management
Wages 42,741 55,108
Rent, rates and water 4,449 4,785
Insurance 1,881 1,137
Light and heat 8,703 1,061
Telephone 3,682 2,854
Postage and stationery 5,579 3,087
Sundries 12
Repairs &renewals 7,198 164
ITmaintenance
&support		 10,254 4,652
Long leasehold 2,619 2,557
Improvements
to property		 365
Plant and machinery 281 275
Fixtures and fittings 178 259
Computer
equipment		 205 200
Loan 21
Bank charges 35 829
88,191 76,980
Governance
costs
Wages 5,829 11,163
Auditors'
remuneration		 4,000 3,950
Rent, rates and water 745 639
Light and heat 89 90
Telephone 232 259
Postage and stationery 363 292
Sundries
Accountancy
fees		 1,090 1,445
Legal &professional fees 10,643
Repairs &renewals 455 15
IT maintenance
&support		 641 417
AGM expenses 570
Long leasehold 165 227
Plant and machinery 18 24
Fixtures and fittings 11 23
Computer
equipment		 13 18
24,864 18,563
Total resources expended 259,082 233,053
Net income 53,366 273,178