## **Caerau Development Trust** **Charity No. 1150390** **Company No. 06849950** **Trustees' Report and Unaudited Accounts** **31 March 2022** **Caerau Development Trust Contents** ||Pages|| |---|---|---| |Trustees' Annual Report|2 to 5|| |Independent Examiner's Report||6| |Statement of Financial Activities||7| |Summary Income and Expenditure Account||8| |Balance Sheet||9| |Notes to the Accounts|10 to|18| |Detailed Statement of Financial Activities|19 to|20| Page 1 **Caerau Development Trust Trustees Annual Report** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. 06849950** ## **Charity No. 1150390** ## **Principal Office** The Community Centre Woodlands Terrance Caerau Maesteg CF34 0SR ## **Registered Office** Community Centre Woodland Terrace Maesteg Mid Glamorgan CF34 0SR ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: L. Cook P. Davies G. Dawe J. Dawe K. Edwards A. King B. King I. Morris P. Nut C. Pryme ## **Accountants** Robert Cole & Co Office 2 Llynfi Ent. Centre Heol Ty Gwyn Ind. Estate Maesteg CF34 0BQ Page 2 **Caerau Development Trust Trustees Annual Report** ## **Bankers** Nat West Bank Plc 35-37 Station Road Port Talbot SA13 1NH ## **OBJECTIVES AND ACTIVITIES** The objects for which the Charity is established, as set out in its governing document, are: The promotion, for public benefit, or community and economic regeneration in Caerau in the County Borough of Bridgend, and the surrounding areas, by all or any of the following means: - The relief of poverty in such ways as may be thought fit; - The relief of unemployment in such ways as may be thought fit; - The advancement of education and training; - The maintenance, improvement or provision of public amenities; - The provision or assistance in the provision of recreational facilities; - The provision of public health and childcare facilities; - The promotion of public safety and the prevention of crime; - The protection and improvement of the natural environment and the conservation of local heritage; - Other means as may from time-to-time be determined subject to the prior consent of the Charity Commission of England & Wales. The main activities undertaken in relation to those purposes during the year: The Charity supports a number of projects for the benefit of the people of Caerau and the surrounding area, and some of the public benefits of these projects are detailed below. ## **The main activities undertaken to further the charity's purposes for the public benefit:** The principle activity of the Charity in the year under review was to further or benefit the residents of the Llynfi Valley and the surrounding areas, without distinction of gender, sexual orientation, race or of political, religious or other opinions by associating together the said residents and other agencies, sectors and service providers in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. The Charity maintains a community centre for the benefit of the local residents and the surrounding area. Within the community centre there is a charity shop and a cafe. There is also an in-house food outlet offering free discounted groceries. Many courses are run from the centre for the benefit of the community. These include first aid training, table tennis, cookery, heath & hygiene, job club, a spiritual group, a be-friending group, and a guitar club. There are also various youth activities and bingo sessions. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. Page 3 **Caerau Development Trust Trustees Annual Report** ## **ACHIEVEMENTS AND PERFORMANCE** Caerau Development Trust (CDT) is a community based charity located in the middle of Caerau, a former mining village at the head of the Llynfi Valley which is rated as one of Wales' poorest communities (rated 6 most deprived area in Wales according to Welsh Government's Index of Deprivation in 2014). CDT, which is entirely run by volunteers, provides a mix of vital services and social activities for local people. These include a second hand clothes shop, a free food collection point (similar in ethos to Fare Share), free IT access and we host drop ins from CAB, the Job centre, local solicitor's and the Credit Union as well as being the location for MP and AM surgeries. We also host social activities including a spiritual group and a music group and we are a location for children's parties and social events run by local clubs such as the OAP club, Men's Shed and others. We are always open to local clubs and groups to use our facilities, often at no charge (on the understanding that attendees use our cafe), and our intention is to provide a welcoming atmosphere where people feel able to come to things they want to do and access services that they need. One of the greatest benefits of the centre to the local community is the access to free discounted groceries. It is estimated that over 9,300 local people make use of this facility each year. The biggest sources of income for the Charity is the rental of rooms within the centre to course providers, and Cafe Cwtch. During the year-ended 31 March 2022, these generated over £100,000 of income for the Charity. It is estimated that approximately 500 local people benefitted from these courses and 200-300 plus people make use of the cafe facilities. ## **A summary of the main achievements of the charity, identifying the difference the charity's work has made to its beneficiaries and society as a whole:** Café Cwtch has continued to expand and offers nourishing, healthy meals at a budget price to all members of the local community. The café is open six days a week and is attended by a large number of elderly single people and those with mental health issues. There is also increasing demand for formal dinners for community groups. The charity shop is run entirely by volunteers and accepts donations of pre-used clothing and other goods which are then offered for re-sale. The shop also operates a recycled school uniforms service and provides free clothing bundles for vagrants and recently discharged prisoners. ## **FINANCIAL REVIEW** The board of trustees are satisfied with the performance of the charity during the year and the position at 31 March 2022 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations. The trustees are pleased to report that agreement has been reached with the local authority to gain exemption from business rates. This has allowed the previous provisions for liabilities to be reversed, so enhancing the value of the funds held. The trustees consider the financial performance by the charity during the year to have been satisfactory. Specific changes in fixed assets are detailed in the notes to the accounts. Page 4 **Caerau Development Trust Trustees Annual Report** The Trustees aspire to maintain enough reserves to ensure the continued existence of the community centre. All reserves are deemed to be restricted reserves, in that all monies raised, earned or granted are for the running of the centre. The balance of Revenue Restricted Funds as at 31 March 2022 was £46,234 (2021: £56,365). The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. ## **PLANS FOR FUTURE PERIODS** The trustees are in the process of developing a five-year plan and hope to secure grant funding to develop the activities of the charity further. Such matters would include: Consolidating the success of the café as a valid community asset; looking into means of alternative heating methods for the community centre; providing organised holidays to the local community; and becoming a centre for the Duke of Edinburgh's Award Scheme. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation, and is dated 17 March 2009. The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW)with charity number 1150390. There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustees are all individuals. The charity does not operate in any overseas jurisdictions. The Trustees seek to appoint additional Trustees whenever necessary following recommendations from existing Trustees or the Directors. A potential Trustee would be invited to attend Trustees' meetings as an observer for a few meetings, before any decision is taken concerning their ongoing involvement as a Trustee. Potential Trustees are provided with all the relevant guides from the Charity Commission before any appointment. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board C. Pryme Trustee 23 December 2022 Page 5 **Caerau Development Trust Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Caerau Development Trust** I report to the charity trustees on my examination of the financial statements of Caerau Development Trust for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the charity 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 financial statements 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** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached. Robert Roger Cole Association of Chartered Certified Accountants Robert Cole & Co Office 2 Llynfi Ent. Centre Heol Ty Gwyn Ind. Estate Maesteg CF34 0BQ 23 December 2022 Page 6 **Caerau Development Trust Statement of Financial Activities** ## **for the year ended 31 March 2022** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Other
7
**Total**
**Expenditure on:**
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net (expenditure)/income**
10
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
42,038
52,474
6,235
1,662|**Total funds**
**2022**
**£**
42,038
52,474
6,235
1,662|**Total funds**
**2021**
**£**
45,727
35,054
4,606
2,640| |---|---|---|---| ||102,409
19,921
92,619|102,409
19,921
92,619|88,027
22,352
59,057| ||112,540
-|112,540
-|81,409
-| ||(10,131)
-|(10,131)
-|6,618
-| ||(10,131)|(10,131)|6,618| ||(10,131)
56,365|(10,131)
56,365|6,618
49,747| ||46,234|46,234|56,365| Page 7 **Caerau Development Trust Summary Income and Expenditure Account** ## **for the year ended 31 March 2022** |Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2022**
**£**
102,409
102,409
96,303
16,237
112,540
(10,131)
(10,131)|**2021**
**£**
88,027| |---|---|---| |||88,027| |||65,705
15,704| |||81,409| |||6,618| |||6,618| Page 8 **Caerau Development Trust Balance Sheet** ## **at 31 March 2022** |**Company No.**
**06849950**
**Notes**
**2022**
**£**
**Fixed assets**
Tangible assets
13
38,643
38,643
**Current assets**
Debtors
14
4,595
Cash at bank and in hand
31,778
36,373
**Creditors:**Amount falling due within one year
15
(24,382)
**Net current assets**
11,991
**Total assets less current liabilities**
50,634
**Creditors:**Amounts falling due after more than one year
17
(4,400)
**Net assets excluding pension asset or liability**
46,234
**Total net assets**
46,234
**The funds of the charity**
**Restricted funds**
19
Restricted income funds
46,234
46,234
**Unrestricted funds**
19
**Reserves**
19
**Total funds**
46,234|**2021**
**£**
46,384| |---|---| ||46,384
-
22,095| ||22,095
(5,514)| ||16,581
62,965
(6,600)| ||56,365| ||56,365| ||56,365| ||56,365| ||56,365| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 23 December 2022 And signed on its behalf by: G. Dawe Trustee 23 December 2022 Page 9 **Caerau Development Trust Notes to the Accounts** ## **for the year ended 31 March 2022** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** The financial statements are presented in Sterling which is the functional currency of the charity. Monetary amounts in the financial statements are rounded to the nearest £. The significant accounting policies applied in the application of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. No significant judgements have had to be made by the trustees in preparing these financial statements. The trustees are not aware of any material uncertainties about the charities ability to continue as a going concern. ## **Fund accounting** Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Page 10 **Caerau Development Trust Notes to the Accounts** ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. Page 11 **Caerau Development Trust Notes to the Accounts** ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Leasehold property 7.5% straight line Games & equipment 25% straight line Motor vehicles 2% straight line ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other 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. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. The charity is a public benefit entity. Page 12 **Caerau Development Trust Notes to the Accounts** ## 3 **Statement of Financial Activities - prior year** |**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Bridgend County Borough
Council
Bridgend Association of
Voluntary Organisations
(BAVO)
Community Foundation
Wales
Moon Dance Foundation|**Restricted**
**£**
9,909
7,357
6,400
18,372
42,038|**Restricted**
**funds**
**2021**
**£**
45,727
35,054
4,606
2,640
88,027
22,352
59,057
81,409
6,618
6,618
6,618
49,747
56,365
**Total**
**2022**
**£**
9,909
7,357
6,400
18,372
42,038|**Total funds**
**2021**
**£**
45,727
35,054
4,606
2,640| |---|---|---|---| ||||88,027
22,352
59,057| ||||81,409| ||||6,618| ||||6,618| ||||6,618
49,747| ||||56,365| ||||**Total**
**2021**
**£**
21,903
12,424
11,400
-| ||||45,727| Page 13 **Caerau Development Trust Notes to the Accounts** ## 5 **Income from charitable activities** |Goods and services in
accordance with the charity's
objects
Ancillary trading in support
of primary purpose trading
6
**Income from other trading activities**
Letting and licensing of
property for non-charitable
purposes
7
**Other income**
Small grants & gifts
individually less than £1,000
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Goods and services in
accordance with the charity's
objects
Ancillary trading in support
of primary purpose trading
_Governance costs_|**Restricted**
**£**
24,854
27,620
52,474
**Restricted**
**£**
6,235
6,235
**Restricted**
**£**
1,662
1,662|**Total**
**2022**
**£**
24,854
27,620
52,474
**Total**
**2022**
**£**
6,235
6,235
**Total**
**2022**
**£**
1,662
1,662|**Total**
**2021**
**£**
19,205
15,849| |---|---|---|---| ||||35,054| ||||**Total**
**2021**
**£**
4,606| ||||4,606| ||||**Total**
**2021**
**£**
2,640| ||||2,640| ||||| ||**Restricted**
**£**
19,206
715
19,921|**Total**
**2022**
**£**
19,206
715
19,921|**Total**
**2021**
**£**
22,352
-| ||||22,352| Page 14 **Caerau Development Trust Notes to the Accounts** 9 **Other expenditure** |9|**Other expenditure**|||| |---|---|---|---|---| |||**Restricted**|**Total**|**Total**| ||||**2022**|**2021**| |||**£**|**£**|**£**| ||Employee costs|29,105|29,105|8,631| ||Motor and travel costs|18,884|18,884|15,866| ||Premises costs|19,937|19,937|12,491| ||Amortisation, depreciation,|||| ||impairment, profit/loss on|16,237|16,237|15,704| ||disposal of fixed assets|||| ||General administrative costs|7,141|7,141|5,063| ||Legal and professional costs|1,315|1,315|1,302| |||92,619|92,619|59,057| |10|**Net (expenditure)/income before transfers**|||| |||**2022**||**2021**| ||This is stated after charging:|**£**||**£**| ||Depreciation of owned fixed assets|16,237||14,464| |11|**Trustee remuneration and expenses**|||| |||**2022**||**2021**| |||**Number**||**Number**| ||The nature of the reimbursed expenses|No trustees or persons connected with them received any||| |||remuneration from the charity, or any related entity.||| |12|**Staff costs**|||| |||**2022**||**2021**| ||Salaries and wages|29,105||8,631| |||29,105||8,631| ||No employee received emoluments in excess|of £60,000.||| ||The average monthly number of full time equivalent employees during the year was as follows:|||| |||**2022**||**2021**| |||**Number**||**Number**| ||Engaged on charitable
activities|2||1| |||2||1| Page 15 **Caerau Development Trust Notes to the Accounts** ## 13 **Tangible fixed assets** |**Land and**
**buildings**
**Games &**
**equipment**
**Motor**
**vehicles**
**£**
**£**
**£**
**Cost or revaluation**
At 1 April 2021
139,104
7,269
15,170
Additions
-
7,346
1,150
At 31 March 2022
139,104
14,615
16,320
**Depreciation and**
**impairment**
At 1 April 2021
105,564
6,561
3,034
Depreciation charge for the
year
10,428
2,545
3,264
At 31 March 2022
115,992
9,106
6,298
**Net book values**
At 31 March 2022
23,112
5,509
10,022
At 31 March 2021
33,540
708
12,136
14 **Debtors**
**2022**
**£**
Other debtors
4,595
4,595
15 **Creditors:**
amounts falling due within one year
**2022**
**£**
Other taxes and social security
46
Other creditors
-
Accruals
1,088
Deferred income
23,248
24,382
16 **Deferred Income**
_Movement of the deferred income shown in Creditors: amounts falling due within one year_
**2022**
**£**
At 1 April
2,200
Released in current year
-
Deferred in current year
21,048
At 31 March
23,248|**Total**
**£**
161,543
8,496| |---|---| ||170,039| ||115,159
16,237| ||131,396| ||38,643| ||46,384| ||**2021**
**£**
-| ||-| ||**2021**
**£**
-
2,239
1,075
2,200| ||5,514| ||**2021**
**£**
2,156
(2,156)
2,200| ||2,200| Page 16 **Caerau Development Trust Notes to the Accounts** ## 17 **Creditors:** ## amounts falling due after more than one year ||||**2022**||**2021**| |---|---|---|---|---|---| ||||**£**||**£**| ||Deferred income||4,400||6,600| ||||4,400||6,600| |18|**Deferred Income**||||| ||_Movement of the deferred income shown in Creditors: amounts falling due more than one year_||||| ||||**2022**||**2021**| ||||**£**||**£**| ||At 1 April||6,600||6,468| ||Released in current year||(2,200)||(6,468)| ||Deferred in current year||-||6,600| ||At 31 March||4,400||6,600| |19|**Movement in funds**||||| ||||**Incoming**||| |||**At 1 April**|**resources**
**(including**
**other**
**gains/losses**|**Resources**
**expended**|**At 31**
**March**
**2022**| |||**2021**|**)**||| ||||**£**|**£**|**£**| ||**Restricted funds:**||||| ||**Restricted income funds:**||||| ||Restricted revenue fund|56,365|102,409|(112,540)|46,234| ||_Total_|56,365|102,409|(112,540)|46,234| ||**Unrestricted funds:**||||| ||**Total funds**|56,365|102,409|(112,540)|46,234| Purposes and restrictions in relation to the funds: Restricted funds: Restricted revenue fund This fund is maintained for the continued existence of the Community Centre and other projects, as detailed in the Schedule of the Statement of Financial Activities. Page 17 **Caerau Development Trust Notes to the Accounts** ## 20 **Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| |Fixed assets
Net current assets
Creditors due in more than one year and
provisions
**Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2021**
**£**|**Restricted**
**funds**
**£**
38,643
11,991
(4,400)
46,234
**Cash flows**
**£**|**Total**
**£**
38,643
11,991
(4,400)| ||||46,234| ||||**At 31**
**March**
**2022**
**£**| ||22,095|9,683|31,778| ||22,095
22,095|9,683
9,683|31,778| ||||31,778| ## 21 **Reconciliation of net debt** ## 22 **Related party disclosures** ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. There were no transactions with related parties in the year. Page 18 **Caerau Development Trust Detailed Statement of Financial Activities** ## **for the year ended 31 March 2022** |**Income and endowments from:**
Donations and legacies
Bridgend County Borough Council
Bridgend Association of Voluntary
Organisations (BAVO)
Community Foundation Wales
Moon Dance Foundation
Charitable activities
Goods and services in accordance
with the charity's objects
Ancillary trading in support of
primary purpose trading
Other trading activities
Letting and licensing of property
for non-charitable purposes
Other
Small grants & gifts individually
less than £1,000
**Total income and endowments**
**Expenditure on:**
Charitable activities
Goods and services in accordance
with the charity's objects
Ancillary trading in support of
primary purpose trading
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Motor and travel costs
Vehicles - General costs
Travel and subsistence|**Restricted**
**funds**
**2022**
**£**
9,909
7,357
6,400
18,372
42,038
24,854
27,620
52,474
6,235
6,235
1,662
1,662
102,409
19,206
715
19,921
19,921
29,105
29,105
13,424
5,460
18,884|**Total funds**
**2022**
**£**
9,909
7,357
6,400
18,372
42,038
24,854
27,620
52,474
6,235
6,235
1,662
1,662
102,409
19,206
715
19,921
19,921
29,105
29,105
13,424
5,460
18,884|**Total funds**
**2021**
**£**
21,903
12,424
11,400
-| |---|---|---|---| ||||45,727| ||||19,205
15,849| ||||35,054| ||||4,606| ||||4,606| ||||2,640| ||||2,640| ||||88,027
22,352
-| ||||22,352| ||||22,352
8,631| ||||8,631| ||||12,901
2,965| ||||15,866| Page 19 ## **Caerau Development Trust Detailed Statement of Financial Activities** |Premises costs
Rates
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Games &
equipment
Depreciation of Motor vehicles
Loss on disposal of tangible fixed
assets
Equipment expensed
Equipment leasing and hire
charges
General insurances
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|632
4,803
3,407
11,095
19,937
10,428
2,545
3,264
-
1,456
144
2,779
1,682
125
955
23,378
600
715
1,315
92,619
112,540
-
(10,131)
(10,131)
-
(10,131)
56,365
46,234|632
4,803
3,407
11,095
19,937
10,428
2,545
3,264
-
1,456
144
2,779
1,682
125
955
23,378
600
715
1,315
92,619
112,540
-
(10,131)
(10,131)
-
(10,131)
56,365
46,234|672
6,073
2,919
2,827| |---|---|---|---| ||||12,491| ||||10,428
1,002
3,034
1,240
1,163
151
2,330
73
258
1,088| ||||20,767| ||||600
702| ||||1,302| ||||| ||||59,057| ||||81,409
-| ||||6,618| ||||6,618
-| ||||6,618| ||||49,747| ||||56,365| Page 20