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REGISTERED CHARITY NUMBER: 1146009

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Cash Flow Statement		5
Notes to the Cash Flow Statement		6
Notes to the Financial Statements	7	to	21
Detailed Statement of Financial Activities	22	to	23

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1146009

Principal address

Stephens & George Ltd Goat Mill Road Dowlais Merthyr Tydfil CF48 3TD

Trustees

Mrs V A Jones Councillor L Mytton A H Williams P J Lawlor A Pendrigh

Independent Examiner

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

COVID-19

The charity has received grants to assist with some charitable projects but due to covid these projects maybe delayed.

The trustees have considered the impact of Covid-19 on the going concern of the Charity and are satisfied that the Charity has the resources available to continue as a going concern.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................................

Mrs V A Jones - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

Independent examiner's report to the trustees of Stephens and George Centenary Charitable Trust

I report to the charity trustees on my examination of the accounts of Stephens and George Centenary Charitable Trust (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 ICAEW Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Date: ...28 January 2022........

Page 2

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 153,653 Other trading activities 4 - Total 153,653 EXPENDITURE ON Raising funds 5 (86) Charitable activities 6 Dowlais community centre 20,271 Community advancement projects 35,727 Total 55,912 NET INCOME 97,741 Transfers between funds 14 (30,669) Net movement in funds 67,072 RECONCILIATION OF FUNDS Total funds brought forward 46,378 TOTAL FUNDS CARRIED FORWARD 113,450	Restricted funds £ 450,089 - 450,089 - 88,888 105,084 193,972 256,117 30,669 286,786 241,379 528,165	2021 Total funds £ 603,742 - 603,742 (86) 109,159 140,811 249,884 353,858 - 353,858 287,757 641,615	2020 Total funds £ 228,498 5,630
			234,128 32 74,840 143,117
			217,989
			16,139 -
			16,139 271,618
			287,757

The notes form part of these financial statements

Page 3

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

BALANCE SHEET 31 MARCH 2021

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 11 33,582 CURRENT ASSETS Debtors 12 30,380 Cash at bank 68,556 98,936 CREDITORS Amounts falling due within one year 13 (19,068) NET CURRENT ASSETS 79,868 TOTAL ASSETS LESS CURRENT LIABILITIES 113,450 NET ASSETS 113,450 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ 85,574 100,973 341,618 442,591 - 442,591 528,165 528,165	2021 Total funds £ 119,156 131,353 410,174 541,527 (19,068) 522,459 641,615 641,615 113,450 528,165 641,615	2020 Total funds £ 95,726 49,366 158,329 207,695 (15,664) 192,031 287,757 287,757 46,378 241,379 287,757

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. V A Jones - Trustee

The notes form part of these financial statements

Page 4

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2021 £ 303,547 303,547 (51,702) (51,702) 251,845 158,329 410,174	2020 £ 13,263 13,263 (5,338) (5,338) 7,925 150,404 158,329

The notes form part of these financial statements

Page 5

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Increase in debtors Increase/(decrease) in creditors Net cash provided by operations ANALYSIS OF CHANGES IN NET FUNDS	2021 £ 353,858 28,271 (81,987) 3,405 303,547	2020 £ 16,139 22,249 (15,570) (9,555)
		13,263

	At 1.4.20	Cash flow	At 31.3.21
	£	£	£
Net cash
Cash at bank	158,329	251,845	410,174
	158,329	251,845	410,174
Total	158,329	251,845	410,174

The notes form part of these financial statements

Page 6

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

Stephens and George Centenary Charitable Trust is a charitable trust registered in England and Wales. The charity's registered number is 1146009 and charity address is Goat Mill Road, Dowlais, Merthyr Tydfil, CF48 3TD.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances

Income

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies

are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from fundraising events is recognised on the delivery of the fundraising. This is classified as unrestricted funds unless there is a specific requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
income from admission fees is recognised as income on the date of the admission. This is classified as unrestricted funds unless there is a specific requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

Page 7

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STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. ACCOUNTING POLICIES - continued

Expenditure

expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 10% on cost Fixtures and fittings - 25% on cost

Taxation

The charity is exempt from 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

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.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3. DONATIONS AND LEGACIES

4.

5.

Grants Admission fees and sundry sales S&G Print Group Ltd Sundry donations Grants received, included in the above, are as follows: Annual Grant OTHER TRADING ACTIVITIES Fundraising events RAISING FUNDS Other trading activities Bad debts CHARITABLE ACTIVITIES COSTS Dowlais community centre Community advancement projects	2021 £ 574,683 17,412 11,647 - 603,742 2021 £ 574,683 2021 £ - 2021 £ (86) Support Direct costs (see Costs note 7) £ £ 109,159 - 124,648 16,163 233,807 16,163	2020 £ 114,909 69,375 43,766 448
		228,498
		2020 £ 114,909
		2020 £ 5,630 2020 £ 32 Totals £ 109,159 140,811
		249,970

Page 9

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STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7. SUPPORT COSTS

	Bank	Governance
	charges	costs	Totals
	£	£	£
Community advancement projects	623	15,540	16,163

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

9. STAFF COSTS

STAFF COSTS
	2021	2020
	£	£
Wages and salaries	95,421	109,431
Social security costs	4,542	5,730
Other pension costs	1,752	1,545
	101,715	116,706
The average monthly number of employees during the year was as follows:
	2021	2020
Project operation and logistics	4	5

No employees received emoluments in excess of £60,000.

The total remuneration paid to key management during the year was £57,188 (2020: £57,209).

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,894 120,604 Other trading activities 5,630 - Total 113,524 120,604 EXPENDITURE ON Raising funds 32 - Charitable activities Dowlais community centre 38,395 36,445 Community advancement projects 84,593 58,524 Total 123,020 94,969	Total funds £ 228,498 5,630
	234,128 32 74,840 143,117
	217,989

Page 10

continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 11. TANGIBLE FIXED ASSETS COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020	Unrestricted funds £ (9,496) 15,680 6,184 40,194 46,378 Freehold property £ 117,671 21,000 138,671 27,065 24,919 51,984 86,687 90,606	Restricted funds £ 25,635 (15,680) 9,955 231,424 241,379 Fixtures and fittings £ 17,940 30,702 48,642 12,820 3,353 16,173 32,469 5,120	Total funds £ 16,139 - 16,139 271,618 287,757 Totals £ 135,611 51,702 187,313 39,885 28,272 68,157 119,156 95,726	Total funds £
				16,139 -
				16,139 271,618
				287,757

Page 11

continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors Other debtors Prepayments and accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors	2021 £ 6,582 600 124,171 131,353 2021 £ 4,786 1,968 12,314 19,068	2020 £ 4,545 600 44,221
		49,366
		2020 £ 3,920 411 11,333
		15,664

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continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS

Unrestricted funds General fund Unrestricted Capital fund Designated fund - HUB Project Restricted funds Animal Grant Awards for All Baby Book Worm Big Music Project Chess in Schools Project Children in Need Creative Library Gardening Project HUB Project Merthyr Valley Homes Sportslot Stephens & George - Library Stephens & George - Monmouth WCVA - Active Inclusion Welsh Assembly Government Eramus Clybiau Plant Cymru Coalfields Cafe Voluntary Action Methyr Tydfl World Book Day Ramblers Association VAMT Dance Tutor South Wales Police Youth Trust Fareshare Bruce Wakefield Stephens & George - Brecon College Erasmus KTATSE Restricted Capital Fund Sport Wales Cwm Taf Morgannwg - ICF Capital Comic Relief VSEF VAMT Dementia VAMT ICF Community Foundation Wales Uniform Grant National Lottery BSA CIN Booster Programme CIN Covid 19 In This Together Community Matters MTCBC - FYF Plymouth Neighbourly Community Fund Cwm Taf Morgannwg Community Foundation Wales - Covid 19 VAMT - Covid 19	Net movement At 1.4.20 in funds £ £ 18,365 97,386 3,013 355 25,000 - 46,378 97,741 3,569 - - 8,784 19,684 - 1,082 - - (2,005) 16,528 (2,768) 1,555 - - 133 - - 610 - 2,548 (537) 20,000 - 10,405 - - 58,952 - 45,521 - (525) 2,671 (258) - (540) 1,672 - 9,041 3,954 1,845 - 13,700 (1,600) 3,500 - - (369) 2,500 - 12,557 (1,828) 25,197 (4,624) 92,715 23,074 - (2,230) - 12,591 - 1,636 - 950 - 1,950 - 5,000 - 665 - 29,589 - 1,145 - 3,000 - 3,462 - 5,000 - 500 - 400 - 10,000 - 4,000 - 3,500	Transfers between funds £ (5,669) - (25,000) (30,669) - - - - 2,005 - - - 25,000 - - - - - - 525 - 540 - - - - - 369 - - - - 2,230 - - - - - - - - - - - - - - - -	At 31.3.21 £ 110,082 3,368 -
			113,450 3,569 8,784 19,684 1,082 - 13,760 1,555 133 25,000 610 2,011 20,000 10,405 58,952 45,521 - 2,413 - 1,672 12,995 1,845 12,100 3,500 - 2,500 10,729 20,573 115,789 - 12,591 1,636 950 1,950 5,000 665 29,589 1,145 3,000 3,462 5,000 500 400 10,000 4,000 3,500

Page 13

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STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued Martin Lewis Self Isolation VAMT Story Book Covid 19 Christmas Festival South Wales Police VPU Covid 19 Coronavirus Recovery Grant for Voluntering Active Inclusion Covid-19 Merthyr Valley Homes - Covid 19 South Wales Police 2 - Support Vunerable Youths TOTAL FUNDS	- - - - - - - - - 241,379 287,757	13,126 5,000 2,900 1,557 1,925 6,409 7,583 9,125 1,970 256,117 353,858	- - - - - - - - - 30,669 -	13,126 5,000 2,900 1,557 1,925 6,409 7,583 9,125 1,970
				528,165
				641,615

Page 14

continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Unrestricted Capital fund
Restricted funds
Awards for All
Chess in Schools Project
Children in Need
Gardening Project
Sportslot
WCVA - Active Inclusion
Welsh Assembly Government
Eramus
Clybiau Plant Cymru
Coalfields Cafe
World Book Day
VAMT Dance Tutor
Fareshare
Stephens & George - Brecon College
Erasmus KTATSE
Restricted Capital Fund
Sport Wales
Cwm Taf Morgannwg - ICF Capital
Comic Relief VSEF
Sports Council
VAMT Dementia
VAMT ICF
Community Foundation Wales
Uniform Grant
National Lottery
BSA
CIN Booster Programme
CIN Covid 19
In This Together Community Matters
MTCBC - FYF Plymouth
Neighbourly Community Fund
Cwm Taf Morgannwg
Community Foundation Wales - Covid 19
VAMT - Covid 19
Martin Lewis
Self Isolation
VAMT Story Book Covid 19
Christmas Festival
South Wales Police VPU Covid 19
Coronavirus Recovery Grant for Voluntering
Active Inclusion Covid-19
Merthyr Valley Homes - Covid 19
South Wales Police 2 - Support Vunerable
Youths

Incoming
Resources
Movement
resources
expended
in funds
£
£
£
151,675
(54,289)
97,386
1,978
(1,623)
355
153,653
(55,912)
97,741
10,000
(1,216)
8,784
-
(2,005)
(2,005)
-
(2,768)
(2,768)
500
(367)
133
-
(537)
(537)
96,068
(37,116)
58,952
87,358
(41,837)
45,521
-
(525)
(525)
(1)
(257)
(258)
-
(540)
(540)
4,000
(46)
3,954
-
(1,600)
(1,600)
-
(369)
(369)
-
(1,828)
(1,828)
(1)
(4,623)
(4,624)
-
23,074
23,074
9,782
(12,012)
(2,230)
47,500
(34,909)
12,591
2,000
(364)
1,636
2,500
(2,500)
-
2,000
(1,050)
950
2,000
(50)
1,950
5,000
-
5,000
665
-
665
69,608
(40,019)
29,589
2,000
(855)
1,145
3,000
-
3,000
3,500
(38)
3,462
5,000
-
5,000
500
-
500
400
-
400
10,000
-
10,000
4,000
-
4,000
3,500
-
3,500
15,000
(1,874)
13,126
5,000
-
5,000
4,900
(2,000)
2,900
6,050
(4,493)
1,557
2,335
(410)
1,925
6,800
(391)
6,409
20,000
(12,417)
7,583
9,125
-
9,125
10,000
(8,030)
1,970

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continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

TOTAL FUNDS	450,089 603,742	(193,972) (249,884)	256,117
			353,858

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continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Unrestricted Capital fund Designated fund - HUB Project Restricted funds Animal Grant Baby Book Worm Best Foot Forward Project Big Music Project Bookshop Capital fund - Gym equipment Chess in Schools Project Children in Need Clothworkers Foundation Coalfields Regeneration Coalfields Regeneration (Heat & Light) Community Chest - Football & Netball Creative Library Festival of Learning Literacy Workshops Merthyr Valley Homes Newsletter Project Skiathos Fund Sportslot Stephens & George - Bursary Stephens & George - Library Stephens & George - Monmouth Summer Camp Vegetarian Society Welsh Assembly Government Youth Camp Eramus Clybiau Plant Cymru Coalfields Cafe Voluntary Action Methyr Tydfl World Book Day VAMT Dance Tutor South Wales Police Youth Trust Fareshare Bruce Wakefield Erasmus KTATSE Restricted Capital Fund TOTAL FUNDS	Net movement At 1.4.19 in funds £ £ 13,745 (9,455) 1,449 (41) 25,000 - 40,194 (9,496) 3,819 (250) 1,276 18,408 2,140 (295) 1,082 - 454 (454) 1,021 (1,021) - (5,227) 27,150 (10,622) 10,000 - 39 (39) 4,251 (1,134) 1,486 (1,486) 1,555 - 566 (566) 700 (700) 685 (75) 945 (945) 5,531 (5,531) 1,048 1,500 12,557 - 20,000 - 10,405 - 2,575 - 370 (370) 109,826 (18,086) 2,726 - 572 (572) 2,671 - 5,536 (5,536) 438 1,234 - 9,041 - 13,700 - 3,500 - 3,464 - 2,500 - 25,197 - - 231,424 25,635 271,618 16,139	Transfers between funds £ 14,075 1,605 - 15,680 - - - - - - 5,227 - (10,000) - (3,117) - - - - - - - - - - - (2,575) - (91,740) (2,726) - - - - - - - (3,464) - - 92,715 (15,680) -	At 31.3.20 £ 18,365 3,013 25,000
			46,378 3,569 19,684 1,845 1,082 - - - 16,528 - - - - 1,555 - - 610 - - 2,548 12,557 20,000 10,405 - - - - - 2,671 - 1,672 9,041 13,700 3,500 - 2,500 25,197 92,715
			241,379
			287,757

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STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Unrestricted Capital fund
Restricted funds
Animal Grant
Baby Book Worm
Best Foot Forward Project
Bookshop
Capital fund - Gym equipment
Chess in Schools Project
Children in Need
Coalfields Regeneration
Coalfields Regeneration (Heat & Light)
Community Chest - Football & Netball
Festival of Learning
Literacy Workshops
Merthyr Valley Homes
Newsletter Project
Skiathos Fund
Sportslot
Vegetarian Society
Welsh Assembly Government
Eramus
Coalfields Cafe
Voluntary Action Methyr Tydfl
World Book Day
VAMT Dance Tutor
Holiday Hunger
Carers Cafe
South Wales Police Youth Trust
Fareshare
Rank Foundation
Adult Learners Week
Bruce Wakefield
Erasmus KTATSE
TOTAL FUNDS

Incoming
Resources
Movement
resources
expended
in funds
£
£
£
113,524
(122,979)
(9,455)
-
(41)
(41)
113,524
(123,020)
(9,496)
-
(250)
(250)
26,271
(7,863)
18,408
-
(295)
(295)
-
(454)
(454)
1
(1,022)
(1,021)
4,423
(9,650)
(5,227)
2,500
(13,122)
(10,622)
-
(39)
(39)
-
(1,134)
(1,134)
-
(1,486)
(1,486)
-
(566)
(566)
-
(700)
(700)
(1)
(74)
(75)
-
(945)
(945)
-
(5,531)
(5,531)
1,500
-
1,500
-
(370)
(370)
-
(18,086)
(18,086)
-
(572)
(572)
-
(5,536)
(5,536)
1,234
-
1,234
24,000
(14,959)
9,041
14,500
(800)
13,700
1,512
(1,512)
-
240
(240)
-
3,500
-
3,500
3,500
(36)
3,464
1,000
(1,000)
-
1,000
(1,000)
-
2,500
-
2,500
32,924
(7,727)
25,197
120,604
(94,969)
25,635
234,128
(217,989)
16,139

Purpose of Restricted Funds

Animal Grant: Funding for engaging with Disadvantaged children through Animals as many young people may never have seen a sheep, a goat and Young people learn and develop through experiences

Baby Book Worm: Funding to be used to engage with parents and carers of pre-school children to give them a 'head start' in reading before attending school

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continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

Best Foot Forward Project: Funded by Ramblers Cymru, to enable to charity to help to create a healthier community who have a passion for walking

Big Music Project: Funded by Youth Cymru the project supports learning through Music. The project has worked alongside the Charities Spread the Word Festival creating a music Presence at the Festival on the parade, at venues and schools engaging people in all aspects of Music production

Bruce Wakefield - Funding for gym equipment

Capital fund - Gym equipment: To fund the purchase of gym equipment to be used in the Community Centre

Chess in Schools Project: Funding received to enable the charity to co-ordinate chess in primary and secondary schools in Merthyr Tydfil, and also runs half term, Easter and Summer chess clubs

Children in Need: We are very privileged to be in receipt of Children In Need monies these monies are funding a play worker to develop our # no phones and computer ethos and also the Newsletter project and supporting young people to Feel better about themselves, make better choices and expand their life skills

Clybiau Plant Cymru - Funding for afterschool resources and project extension

Coalfields Regeneration: Monies towards creating an energy efficient building by the installation of new lighting and heating

Comic Relief VSEF - To fund children's activity packs

Community Chest - Football & Netball: To fund the purchase of new equipment and development of new inclusion physical activity sessions

Community Foundation Wales - To fund general covid food parcels and welfare packs

Community In Need (CIN): Support for Covid - 19

Coalfields Cafe - To fund the staff costs at the community cafe

Creative Library: The fund the creation of community libraries, with eight being created to date, all with the aim to create a reading space to enthuse young people and raise literary standards.

Cwm Taf Morgannwg - £10,000 to support the charity during Covid-19 and £12,591 refurbishment at Dowlais Community Centre.

Erasmus - To fund a European youth project for best practice in youth work

Erasmus KTATSE - To fund an ongoing European project

Festival of Learning: Monies for adult education workshops to promote lifelong learning

Gardening Project: The Trust has won a green Flag award and the monies are to enhance and develop the project

Literacy Festival & World Book Day Fund: As part of the Trust's aim to raise literacy standards an enthuse the community to embrace books, the Trust hosts the Spread the Word Festival, on World Books Day, this is an annual event.

Martin Lewis: Support for Covid-19

Merthyr Valley Homes: A grant to develop the gardening project which has been awarded a green flag award and works with the most disadvantaged in the community

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continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

National Lottery - Support for Covid-19

Ramblers Association - To support walks in the community.

Rhondda Cynon Taff - Welsh Church Act: For the refurbishment of Dowlais Community Centre

Self Isolation: Support for Covid-19

Sportslot: sports equipment for the gymnasium at the Dowlais Community Centre

Stephens & George - Bursary: To fund gifted young people to pursue their education. Bursaries have been awarded to young people in attendance at Monmouthshire School, Oxford and Cambridge Universities

Stephens & George - Library: ASDA funding for the creation of community libraries in Merthyr Tydfil to promote the charity's ethos to raise literacy standards

Stephens & George - Monmouth: To provide funds to cover school fees at Monmouth School for specific individuals

Stephens & George - Brecon: To provide funds to cover school fees at Brecon for specific individuals

South Wales Police Youth Trust - To support te provision of youth and play workers

VAMT Dance Tutor - To fund the provision of a dance tutor.

VAMT Dementia - To support online sports therapy sessions

VAMT Covid 19 - To support the provision of food parcels

VAMT ICF - To support the provision of gong therapy

VAMT Story Book Covid 19 - To fund the Scarers and Carers Book

Voluntary Action Merthyr Tydfil - To fund a Health & Well Being awareness day

WCVA - Active Inclusion: to fund staff to work with 18 to 24 year olds to re-educate and retrain

Welsh Assembly Government: to refurbish the Dowlais Community Centre

World Book Day - To fund the world book day festival project.

Youth Camp - to fund the play work at the centre such as the after school and half term clubs. The ethos of the clubs is "No Phones, No Computers"

Restricted Capital Fund - this fund mirrors the NBV of fixed assets purchased using restricted funds, it will be released in line with depreciation.

Designated fund - HUB Project

Relates to monies set aside for the potential purchase and subsequent renovations to a property. This property will be used as a hub for community projects.

Transfers between funds

Transfers between the Chess in Schools Project, HUB Project, Coalfields Cafe, Erasmus, Fareshare and Sport Wales Funds represent reallocation of funds to accurately reflect the closing fund balances as at 31/03/2021.

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continued...

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15. RELATED PARTY DISCLOSURES

Donations of £11,647 (2020: £43,766) have been received from S & G Print Group Ltd, a company in which one of the Trustees is a Director.

Various donations in kind have also been received from S & G Print Group Ltd, including that of staff time and office accommodation. It is impossible to quantify the value of these donations, and they have not been included within the accounts.

16. DONATIONS IN KIND

As identified in the Trustees' report, the Trust has received many donations in kind, among which include the donation of staff resources, office accommodation, books, materials and various other commodities, without which the Trust could not have carried out its work.

These donations of resources are almost impossible to quantify, and as such, have not been included at a monetary value within the accounts.

17. VOLUNTEER TIME

The value of volunteer time is not quantified in terms of money, but the time contributed by volunteers is an invaluable resource.

	2021	2020
The number of hours contributed by volunteers is estimated at:	3,500	3,500

Page 21

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS Donations and legacies Grants Admission fees and sundry sales S&G Print Group Ltd Sundry donations Other trading activities Fundraising events Total incoming resources EXPENDITURE Other trading activities Bad debts Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Advertising Staff costs Travel expenses Bursaries and grants Event costs Classes Sports Property costs IT costs Deprecation of freehold property Depreciation of fixtures & fittings Support costs Bank charges Bank charges Governance costs Auditors' remuneration Carried forward	2021 £ 574,683 17,412 11,647 - 603,742 - 603,742 (86) 95,421 4,542 1,752 1,039 5,219 7,329 2,821 229 4,808 4,800 300 15,917 14,560 2,408 38,730 5,661 24,919 3,352 233,807 623 2,100 2,100	2020 £ 114,909 69,375 43,766 448
		228,498 5,630
		234,128 32 109,431 5,730 1,545 3,327 1,406 9,028 1,440 1,718 1,242 7,056 - 25,861 13,423 1,331 10,966 248 19,220 3,029
		216,001 456 1,500 1,500

This page does not form part of the statutory financial statements

Page 22

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
Governance costs Brought forward Counsellor Total resources expended Net income	2021 £ 2,100 13,440 15,540 249,884 353,858	2020 £ 1,500 -
		1,500
		217,989
		16,139

This page does not form part of the statutory financial statements

Page 23

2021-03-31-accounts

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

Principal address

Trustees

Independent Examiner

COVID-19

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

Independent examiner's report to the trustees of Stephens and George Centenary Charitable Trust

Responsibilities and basis of report

Independent examiner's statement

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

BALANCE SHEET 31 MARCH 2021

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Critical accounting judgements and key sources of estimation uncertainty

Income

Expenditure

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. ACCOUNTING POLICIES - continued

Expenditure

Tangible fixed assets

Taxation

Fund accounting

Pension costs and other post-retirement benefits

Debtors

Cash at bank and in hand

Creditors and provisions

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3. DONATIONS AND LEGACIES

4.

5.

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7. SUPPORT COSTS

8. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

9. STAFF COSTS

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13.

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

STEPHENS AND GEORGE CENTENARY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued