OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03867751 (England and Wales)

REGISTERED CHARITY NUMBER: 1151397

REPORT OF THE TRUSTEES AND

FENANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

COMMUNITY & VOLUNTARY SUPPORT CONWY

Williams Denton Cyf Chartered Certified Accountants Statutory Auditors 13 Trinity Square Llandudno United Kingdom CONWY LL30 2RB

COMMUNITY & VOLUNTARY SUPPORT CONWY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20721

----- Start of picture text -----
Page
Report of the Trustees { to 6
Statement of Trustees' Responsibilities 7
Report of the Independent Auditors 8 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 16 to 34
Detailed Statement of Financial Activities 35 to 36
----- End of picture text -----

COMMUNITY & VOLUNTARY SUPPORT CONWY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 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).

Page |

COMMUNITY & VOLUNTARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Achievements and Performance

The focus on supporting the health, wellbeing and resilience of colleagues, third sector organisations, partners, communities and wider beneficiaries of CVSC dominated the work of the team as it responded to the impact of the covid 19 pandemic. This was done in a variety of ways, quickly adapting, in the first instance, to home working and navigating the challenges of new ways of working with digital technology and software packages such as Zoom and Microsoft Teams.

In true CVSC style, some of the work was at a very sttategic level be it at 4 national, regional or local Jevel, providing an independent third sector perspective and contributing to discussions and consultations on how to maintain and deliver vital services, sharing good practice and learning from each other. It also contributed at a very practical and local level, for example, mapping the fantastic community initiatives such as food banks and street support groups that sprung up throughout the county, sharing the information as a directory of localised provision. Through its helpline, set up as part of its emergency response offer, CVSC acted as a point of contact, signposting and working in partership with a wide range of organisation. It enhanced its social prescribing offer, receiving calls from far and wide, for example, from worried friends and relatives looking for practical support for their loved ones who may be shielding, as well as calls from workers in the field looking to address gaps in service needs of their clients.

"Business as usual’ was continued online where possible, such as promoting funding and training opportunities, including the many emergency grants that became available to help third sector organisations and community groups meet the needs of their communities. This often initiated further requests for advice and support from groups about matters such as safeguarding issues, governance responsibilities, how to keep volunteers and beneficiaries safe whilst delivering a service, the do's and don'ts of reopening community venues, to name but a few.

Our achievements this year included the following:

The principal core funding sources for CVSC for the Year Ended 31 March 2021 were Self-generated income from miscellaneous sources

The core funding for the charity is received from the Welsh Government however this represents a much smailer percentage of our total income than has been the case in the past. It is now down to only 9% and therefore reflects the very positive position the charity is in, with regards less reliance on these core funds, and to increased future viability and sustainability.

The Trustees are mindful of still further reductions in funding from statutory agencies given the current economic climate. They are continuing to explore a number of options to ensure continued service to the sector, one of them being the expanded utilisation of our established expertise in grant management and also by working closely with willing statutory partners, delivering services that will address the increasing societal problems, e.g. food poverty, fuel poverty and social isolation.

Page 2

COMMUNITY & VOLUNTARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making process.

Grantmaking

The charity has established its grant making policy to achieve its objects for the public benefit.

FINANCIAL REVIEW

Reserves policy & Going Concern

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned expenditure. The Trustees are aware of the deficit on the defined benefit pension scheme of the charity and regularly review the situation at the Finance sub-group meeting. This liability considerably distorts the level of reserves shown in the accounts, however, as is the case with all other bodies in the LGPS, in all probability this debt will only ever be realised should CVSC actually withdraw from the pension fund, therefore, the Trustees do not consider it to be a tangible item for inclusion in the calculation of required reserves going forward. It is also recognised that our pension deficit is still one of the smallest of alt the CVC's in Wales. The current level of working reserves excluding the pension deficit is still comfortably above the minimum level stipulated in our reserves policy for this period.

The Trustees are also aware that there is a potential future liability if CVSC were to terminate the employment of staff members who are part of the Local Authority Pension Fund.

The cash outflows in the next 12 months are known and are included in the budgets for the 2021/22 accounts. We continue to benefit from the extra income streams sourced in previous years but we are always looking for additional streams going forward to ensure our future.

The trustees are anticipating a healthy surplus once again this year and it is one of the standing items for the finance sub-group to formulate plans to ensure this continues.

The trustees have reviewed the financial projection of the charity and consider that adequate resources continue to be available to fund the activities of the charity for the foreseeable future. The trustees are of the view that the charity is a going concern. The trustees are aware that the level of future core funding is likely to reduce therefore they will continue with the currently successful policy of looking to secure project income to reduce reliance on core funding. The success of this policy is reflected in the fact that our percentage of Core funding to Total Income is now one of the smallest of all the CVC's in Wales

Expenditure during the year has again been closely monitored by the Trustees. Given the current economic climate and our current reserves, the year-end position is deemed to be satisfactory.

In accordance with the recommendations set by the Charity Commission, CVSC has a Reserves Policy that covers:

All Grants are administered by us in accordance with the Funding Code of Practice of the Welsh Government and the particular rules and regulations set by the organisation providing the funds.

ase Page 3

COMMUNITY & VOLUNTARY SUPPORT CONWY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FUTURE PLANS

We are committed to carrying the message of sustainability to our groups, to improve the access and take up of opportunities through collaborative working and where appropriate a consortium approach.

Opportunity

Undoubtedly there will be other challenges ahead given the economic climate and the certainty of further cuts to our funding. CVSC Trustees and the Chief Officer are considering the strategy going forward, and are confident that CVSC will continue to deliver a comparable service to the sector in the forthcoming year, and beyond.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document and constitutes a company limited by guarantee, as defined in the Companies Act 2006.

Responsibility for the control of CVSC's activities and funds is that of CVSC’s Board of Trustees, who ensure the income of the charity is applied for the purposes set out in the governing documents. It is the Trustees who make all decisions in relation to strategy and budgets.

CVSC's Chief Officer, Wendy Jones, reports directly to the Board of Trustees and is responsible for the day to day activities of the organisation. There are further lines of management/supervision within the organisation. The organisation has an Internal Financial Procedure document which is reviewed annually by the Trustees.

Non-core projects submit quarterly financial reports to the Trustees, through the Chief Officer.

Our Mission

CVSC will be a strong independent voice for voluntary action in the county of Conwy and a hub for advice and support, disseminating information and promoting best practice.

Objectives

These will continue to be met by:

Non-core Projects

A number of projects operate under the wing of CVSC. These projects deliver specialist services and operate under suitable titles to reflect these services. Projects are self-financing and not all activity is directed towards achieving core objectives.

Dene

ee ee eee ee ee eee ne eens. eee

Page 4

COMMUNITY & VOLUNTARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 i STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees Trustees are appointed in accordance with the company’s governing documents. One-third of the Trustees retire by rotation at the Annual General Meeting (AGM), and proposals for re-appointment/replacement are invited from voting members. The company's trustees may appoint additional trustees but a trustee so appointed shall hold office only until the following AGM. If not appointed at the AGM the person will vacate office at the conclusion of the meeting. The Chair and Vice-Chair are elected by the Board of Trustees and hold office for 12 months. The Trustees are issued with an ‘induction pack’, which contains details of the roles & responsibilities of trustees, a copy of the company's governing documents, copies of internal monitoring and control documents, policies and full information about the company's operations.

Key management remuneration The Key Manager has been appointed in line with CVSC's Recruitment Policy. The salary is set as per the National Joint Council for Local Government Services pay scales for that level of Management. There was a 2.75% pay increase applied this year, which is in line with all staff, there were no additional benefits.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Board has developed a risk management process, which involves the trustees and staff members. All currently identified risks in pursuance of achieving our key objectives have been assessed and the trustees are satisfied with the systems adopted to alleviate those risks. Part of the process is to review the risk assessment on a regular basis. This process includes the review of Home Working policies as necessitated by the Covid-19 pandemic.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03867751 (England and Wales)

Registered Charity number 1151397

Registered office 7 Rhiw Road Colwyn Bay CONWY LL29 7TG

Trustees Mrs M Kelly Mrs M Trinder (Chair) Mrs C Humphreys Councillor M Priestley Mrs S Milburn (nee Davies) MsS Jones Ms J Tann Councillor C Matthews Councillor G Baker Mr DE Owen

Key Management:

Mrs W Jones - Chief Executive Officer

Company Secretary

Mrs W Jones a

Page 5

COMMUNITY & VOLUNTARY SUPPORT CONWY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ee

REFERENCE AND ADMINISTRATIVE DETAILS

Auditors Williams Denton Cyf Chartered Certified Accountants Statutory Auditors 13 Trinity Square Liandudno United Kingdom CONWY LL30 2RB

Approved by order of the board of trustees on 270K AROQL and signed on its behalf by:

Mrs M Trinder (Chair) - Trustee

sg

Page 6

COMMUNITY & VOLUNTARY SUPPORT CONWY

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021

—————eee

The trustees (who are also the directors of Community & Voluntary Support Conwy for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period, In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

eee

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY & VOLUNTARY SUPPORT CONWY ieee SSS SSS EE

Opinion

We have audited the financial statements of Community & Voluntary Support Conwy (the ‘charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon, Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

Se

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY & VOLUNTARY SUPPORT CONWY e ee eee ee

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error,

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY & VOLUNTARY SUPPORT CONWY

Our responsibilities for the audit of the financial statements

Our objectives are to obiain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest F nermitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the chasitable Company's members as a body, for our audit work, for this report, or for the opinions we have formed.

----- Start of picture text -----
AX
----- End of picture text -----

Martin Steven Barrét-Senior Sttutory Auditor) for and on behalf of WilliaitrsDentyn Cyf

Chartered Certified Accountants Statutory Auditors 13 Trinity Square

Llandudno

United Kingdom CONWY LL30 2RB Date: phealo ] Tez)toe

Page 10

COMMUNITY & VOLUNTARY SUPPORT CONWY

STATEMENT OF FINANCIAL ACTIVITIES

{INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

2021 2020
Notes Unrestricted
funds
£		 Restricted
funds
£		 Endowment
fund
£		 Total
funds
x		 Total
funds
3
INCOMEAND
ENDOWMENTS FROM
Donationsand legacies 2 - 40 - 10 15
Charitable activities 5
GrantIncome 255,820 2,186,614 - 2,442,434 1,697,914
Othertrading activities
Investmentincome		 3
4		 43,446
397		 2
-		 -
-		 43,448
397		 51,170
1,004
Total 299,663 2,186,626 - 2,486,289 1,750,103
EXPENDITUREON
Charitable activities 6
CharitableExpenditure - 1,438,529 - 1,438,529 1,358,768
Other 303,744 - - 303,744 270,937
Total 303,744 1,438,529 - 1,742,273 1,629,705
NET
INCOMEKXEXPENDITURE) (4,081) 748,097 - 744,016 120,398
Transfersbetween funds 16 (7,148) 7,148 - . -
Other recognised gains/(losses)
Actuarial gains/(losses)on
definedbenefitschemes (52,000) - - (52,000) 137,000
Netmovementinfunds (63,229) 755,245 - 692,016 257,398
RECONCILIATIONOF
FUNDS
Totalfundsbroughtforward (95,031) 1,013,668 - 918,637 661,239
TOTALFUNDS CARRIED
FORWARD (158,260) 1,768,913 - 1610,653 918,637

The notes form part of these financial statements

eet

Page 11

COMMUNITY & VOLUNTARY SUPPORT CONWY

BALANCE SHEET

31 MARCH 2021

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2021|2020| |Unrestricted|Restricted|Endowment|Total|Total| |£|£|£|©|£| |Notes|funds|funds|fund|funds|funds| |CURRENT ASSETS| |Debtors|13|66,912|-|-|66,912|52,030| |Cash at bank and|in hand|1,612,236|1,859,047|-|3,471,283|1,891,676| |1,679,148|1,859,047|-|3,538,195|1,943,706| |CREDITORS| |Amounts|falling due|within|one| |year|14|—|(1,467,406)|(90,136)|-|(1,557,542)|(755,069)| |NET CURRENT ASSETS|211,742|1,768,911|-|1,980,653||1,188,637| |TOTAL ASSETS|LESS| |CURRENT LIABILITIES|241,742|1,768,911|-|1,980,653|1,188,637| |PENSION LIABILITY|17|(370,000)|-|-|(370,000)|(270,000)| |NET ASSETS|(158,258)|1,768,911|-|1,610,653|218,637| |FUNDS|16| |Unrestricted funds|(158,258)|(95,031)| |Restricted|funds|1,768,911|_1,013,668| |TOTAL FUNDS|1,610,653|918,637|

----- End of picture text -----

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

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

‘

Mrs M Trinder (Chair) - Trustee

The notes form part of these financial statements

aeee

Page 12

COMMUNITY & VOLUNTARY SUPPORT CONWY

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

eee eee eee eee
2021 2020
Notes £ £
Cash flowsfrom operating activities
Cash generatedfromoperations 1 869,721 461,129
Netcashprovidedby operating activities 869,721 461,129
Cash flows from investing activities
Interestreceived 397 1,004
Netcash providedbyinvesting activities 397 1,004
Change in cash and cash equivalents in
the reporting period 870,118 462,133
Cash andcash equivalents atthe
beginningofthe reportingperiod 2 1,878,437 1,416,304
Cash and cash equivalents attheend of
thereportingperiod 2 2,748,555 1,878,437

The notes form part of these financial statements

Page 13

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

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

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Net income for|the|reporting|period|(as per the Statement|of Financial| |Activities)|744,016|120,398| |Adjustments|for:| |Interest received|(397)|(1,004)| |(increase)/decrease|in|debtors|(14,882)|57,909| |Increase|in|creditors|92,984|222,822| |Difference between pension|charge and|cash|contributions|48,000|61,000| |Net cash|provided by operations|869,721|461,125| |2.|ANALYSIS OF CASH AND CASH EQUIVALENTS| |2021|2020| |£|£| |Cash|in hand|404|404| |Notice|deposits|(less|than 3|months)|3,470,879|1,891,272| |Overdrafts|included in bank|loans and|overdrafts|falling due within one|year|(722,728)|__(13,239)| |Total|cash and cash equivalents|2,748,555|1,878,437|

----- End of picture text -----

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |3,|ANALYSIS OF CHANGES|IN NET FUNDS| |At|1.4.20|Cash|flow|At|31.3.21| |£|£|£| |Net|cash| |Cash|at bank and|in hand|1,891,676|1,579,607|3,471,283| |Bank overdraft|(13,239)|(709,489)|(722,728)| |1,878,437|870,118|_|[2,748,555]| |Total|1,878,437|870,118|2,748,555|

----- End of picture text -----

The notes form part of these financial statements

Page 14

COMMUNITY & VOLUNTARY SUPPORT CONWY

ERROR MESSAGES FROM THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

=

COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

if ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities or estimated usage.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charity operates a funded defined benefits scheme providing benefits based on final remuneration. The assets of the scheme are held separately from those of the charity.

Going concern The financial statements have been prepared on a going concern basis. The trustees are satisfied that the charity has the necessary funds to meet day to day working capital requirements. The financial position of the charity is reviewed regularly at trustees meetings.

The trustees consider it appropriate to prepare the charity's financial statements on a going concern basis.

ee Page 16 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

2: DONATIONSANDLEGACIES
2021 2020
£ £
Donations 10 15
3 OTHERTRADINGACTIVITIES
2021 2020
£ £
MiscellaneousIncome
Desk Space/ProjectManagement
Membership		 4,085
39,363
=		 7,364
41,756
2,050
43,448 51,170
4, INVESTMENT INCOME
2021 2020
£ £
Deposit accountinterest 397 1,004
5. INCOMEFROMCHARITABLEACTIVITIES
2021 2020
Activity £ £
Cash4Youth - 6,650
GwyntYMor 835,898 786,862
Principal Play Officer - 90,275
Rhyl FlatsOffshore WindFarm Community Fund
CORE
Citizens		 113,289
255,820
-		 101,541
177,952
28,000
ComicRelief
Community Car		 14,500
31,194		 304,267
27,822
DementiaCarers - 32,911
HSCF 38,885 38,885
HealthWellbeingTeam
HelpingFamilies		 19,753
35575		 19,592
7,487
SPOA 37,000 37,000
ClocaenogGrants
StormDennis FloodFund
YouthLedGrants
Voluntary SectorEmergencyFund
ArtPsychotherapy
Bursaries
LALiaison
Transformation		 940,378
2,000
6,650
51,591
432
1,600
34,869
55,000		 -
-
-
-
1,616
-
37,054
-
2,442,434 1,697,914

ees

Page 17

continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

6. CHARITABLE ACTIVITIES COSTS

Grant
fundingof Support
Direct
Costs		 activities
(seenote 7)		 costs
(seenote		 8) Torals
£ £ £
GwyntY Mor 48,768 715,813 78 164,659
RhylFlatsOffshoreWindFarm
CommunityFund
ComicRelief
Community Car
HSFC		 9,410
14,000
30,398
38,311		 62,152
-
-
-		 824
500
808
574		 72,386
14,500
31,206
38,885
Health WellbeingTam 19,428 - 324 19,752
Helping Families
SPOA		 3,575
36,427		 -
-		 -
574		 3,575
37,001
Clocaenog Grants
Storm Dennis FloodFund		 87,833
298		 224,335
1,702		 1,647
-		 313,815
2,000
YouthLedGrants 1,200 4,562 - §,762
Voluntary SectorEmergency Fund
ArtPsychotherapy
Bursaries
LA Liaison
Transformation		 -
432
1,600
34,294
54,426		 43,089
-
-
-
-		 -
-
~
574
574		 43,089
432
1,600
34,869
55,000
LotoLwcus (6,463) - 6,463 -
373,938 1,051,653 12,940 1,438,531
  1. GRANTS PAYABLE

Charitable Expenditure

2021 2020
£ £
1,051,653 __946,461 946,461

aa ee Page 18 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |vA|GRANTS PAYABLE-|continued| |The|total|grants|paid|to|institutions during|the|year was|as|follows:| |2021|2020| |£|£| |Rhyd Y Foel|Community|803|-| |Craig Y Don|Sports & Comm|-|10,031| |Home|Start Conwy|29,233|17,611| |Llanrwst|Utd FC|6,349|-| |Abergele Youth Action|-|9,691| |Llandudno|Fe in|the Community|10,060|-| |Llandudno|Youth Music Theatre|250|-| |Lianddulas Youth Centre|7,481|-| |Conwy Connect|5,000|800| |Gwrych|Castle|Preservation|Trust|-|10,000| |Colwyn|Bay|Watersports|-|6,500| |Prom Ally|1,046|-| |Creating|Enterprise|2,600|-| |Clwb Yr|Efail|-|9,999| |Llanwrst YC|9,797|-| |Prestatyn Town|Council|57,436|-| |Abergele Community|Action|50,621|28,340| |Dangerpoint|38,350|24,671| |Prestatyn|Meliden|Action|Group|4,996|-| |Cais|7,588|-| |G2G Communities|7,788|-| |Llandudno Rotary|1,000|-| |Deganwy|Friends Club|-|1,000| |Benefit Advice|Shop|26,338|26,767| |Outdoor Partnership|60,000|~| |Urdd Gobaith Cymru|25,000|24,277| |Age Connect|3,334|9,835| |Llanddulas|Village|Hall|-|833| |Abergele TC|5,050|-| |Bay of Colwyn Town|Council|9,856|5,000| |Llandudno Town|Council|-|40| |Crest Co-operation|15,000|-| |Cylch Conwy Cab|9,606|-| |Grwp|Cynefin|4,361|-| |Co-options|8,741|-| |Cerrig|Friends|-|6,279| |Llandudno|elderly peoples|welfare|society|-|10,000| |Ty Gobaith (Hope House)|34,020|-| |Vision|Support|3,549|13,000| |NWAMI|(North Wales|Association|for Multicultural|Integration)|2,929|~| |TAPE Community Music and Film|2,230|-| |Royal|Cambrian Academy|5,000|-| |Just Go For|It|-|(2,172)| |Stand North|Wales|2,706|-| |Conwy|Early Years Forum Toy Library|-|10,000| |Cynfran|Play Group|903|(3,614)| |Funding for Rural Community Navigator|-|Regional Transformation|Funding|-|5,000| |Nant Bach Turbine Ltd|-|2,500| |Increased|volunteering|opportunities|for young female players|-|948| |Climbing and mountaineering|courses|for two youth volunteers|-|566| |Marquee|for group/community|events|-|959|

----- End of picture text -----

Page 19

continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |7|GRANTS PAYABLE-|continued| |Gardening, Networking|/ volunteering day|and|boat|restoration project|-|738| |Zero|to|Hero|-|990| |LAFS CLUB|-|1,219| |CONNAHS QUAY ANGL C|-|2,543| |COLWYN BAY BOWMEN|-|4,622| |Qway/Delta|School Of Dance|-|5,450| |G2G Comm|CIC|-|5,740| |Rhuddlan Dementia Group|10,000|6,615| |Abergele Comm Action Group|-|7,010| |Corwen|Juniors FC|-|7,405| |Bitesize|Youth|Theatre|-|8,641| |Brighter|Futures|-|23,133| |Wrexham Youth & Play|-|9,898| |Youth|Shedz|31,244|9,900| |Your Space Marches|-|9,920| |Amiwch Age Well|-|10,000| |Enbarr Enterprises|-|10,000| |Haven Of|Light|-|10,000| |Snowdon Donkeys|-|10,600| |Holywell Girls FC|-|8,749| |Upper Colwyn Bay Playgroup|-|9,403| |Outside Lives|-|3,779| |Aberffraw Community|Centre|-|7,618| |Golygfa|Gwidir|-|9,111| |NW Nappies|Collective|-|10,000| |Wellfield|Trust|-|1,193| |Synergy|Flintshire|-|7,977| |Tan Y Maes|-|9,200| |Wisp|-|9,980| |Gwelfor Comm|Centre|-|10,600| |Kaleidoscope|Theatre|-|1,250| |Maesgreichen|Partnership|-|10,000| |S Denbighshire|Community Partnership|9,940|10,000| |Old Colwyn Community Centre|-|3,659| |Rhuddlan|Bowling Club|-|3,780| |Talacre Community|Centre|-|3,231| |Colwyn Bay Surf Lifesaving Club|-|3,585| |Clwyd Dragons|Bowlling Club|-|1,745| |The Escape|Artists|5,000|6,160| |North|Wales|Tourism|Hospitality Academy|-|9,999| |Deaf|Blind Cymru|10,000|9,999| |Bline|CIC|-|9,999| |GRWP Gwiedd Rhuddlan|Fest Group|-|1,400| |Rhyl|Little|Theatre|-|9,999| |Colwyn Bay Nacs Cricket Club|-|7,900| |Llandudno & Colwyn Bay Marksmen|-|8,000| |Grays Gymnastics Club|-|9,120| |TV Wales|Stock|Festival|-|8,500| |North Wales Superkids Community|Arts Project|-|6,500| |River &|Sea Sence|-|20,000| |St Kentigerns Hospice|5,000|36,630| |Rhuddlan Allotments|Society|-|9,999| |Community|Heart Productions|-|8,920| |Conwy Feast|-|6,500|

----- End of picture text -----

eenEE a: Page 20 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |7.|GRANTS PAYABLE-|continued| |Llandudno|Victorian Extravaganza|s|8,765| |Colwyn Bay Rugby Club|-|10,000| |Big Bang|at Wales|Rally GB|-|10,000| |Upper Colwyn|Bay Community|Centre|-|10,000| |St Asaph|Parish|Church|-|30,850| |Botanical Gardens|Enterprises|-|1,860| |Mochdre|Bowling Club|-|6,516| |Copperfields Bowling|Club|-|6,866| |Advocacy|Services North|East Wales|-|9,781| |Rhy! Tennis|Club|-|10,000| |Motiv8 Conwy|-|23,595| |The New|Trelawnyd|Memorial|Hall Management Committee|Returned Grant|~|(4,179)| |Cartrefi Conwy|-|10,000| |Rhyl &|District RFC|-|10,000| |Y Gadwyn|-|2,000| |Trelawnyd Community|Association|-|2,500| |Domestic Abuse|Safety Unit|5,000|10,000| |Show Racism The Red Card|-|10,000| |Nat Coastwatch|Assn|-|1,500| |Prestatyn|Carnival Association|-|3,036| |Rhuddlan|Festival|-|700| |Centre of Sign|=|7,126| |Sure Hope Church|4,000|5,000| |Amgueddfa|Cae Hen Museum|-|8,969| |Knights|of|Snowdon|-|5,000| |Deaf|Blind Info Hubs Conwy/Denbighshire|-|5,647| |Still|Life Project|-|5,000| |Life Talk - sgwrs am Fywyd|-|8,922| |Pictoral|History Project|-|2,901| |12 Month Water|Saftey Education|Initiative|-|5,997| |Tree of Lights Renewal|Project|-|6,490| |Community Money Advice Services|-|1,872| |LED Training Lights|-|5,000| |New|Solar Panels|to the|centre root|-|7,842| |LT Training Equipment|-|652| |Clubhouse Main Lounge Maintaince|-|4,860| |Andrew Frazer Memorial Clock Replacement Project|-|4,000| |5|Trackstart Diving Blocks|-|1,334| |Replacement Boiler|-|5,839| |Part Time|Development Worker and Admin/Travel|cost|~|6,760| |Community Awareness Programme|-|5,880| |Deganwy Rowers Conwy Yacht Club|-|10,000| |Llangollen Town Council|5,000|-| |Den Forget Me Not|4,980|-| |Llandegla Community|Shop|9,806|-| |Shelter Cymru|7,800|-| |Antur Cae Cymro|village|Association|14,550|-| |Welsh Hearts|5,000|-| |Denbigh Youth Project|1,860|-| |Ysgol|Dyffryn Conwy|1,400|-| |Tenovus|23,000|-| |Menter Bro Cernyw|483|-| |Saron Chapel|144|-| |Cylch Meithrin Cloacaenog|1,275|-|

----- End of picture text -----

EEE Page 21 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

rr— sss

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |he|GRANTS|PAYABLE-|continued| |Ruthin|Forward|1,900|-| |Canolfan Addysg Uwchaled|2,103|-| |Llanferres Comunity Council|18,476|-| |Denbigh Town FC|61,877|-| |Ruthin Swimming Club|4,889|-| |Eglwys y Capel Mawr Dinbych|17,934|-| |Llandymog &|District Local History|Society|16,245|-| |Grwp Adfer Rhuthun|3,753|-| |Clwydian|Food Trail|10,700|-| |Opra Cymru|3,800|-| |Ruthin|Artisan Markets|9,899|-| |Llanrwst Guide and|Scout Hall|952|-| |Anticoch N|Wales Church|20,000|-| |Soroptomists|International Rhyl|1,385|a| |East Parade Bowling Club|- Rhyl|6,416|-| |Alabare|Chrstian|Care|Centres|18,249|-| |Old Colwyn|Events|4,250|-| |Prestmel|Food Bank|10,000|-| |Bayside Radio|6,230|-| |Centre of|sign|-|sight|- sound|10,000|-| |Ffrith Bowling|Club|5,000|-| |Livability|4,390|-| |Accredilink|2,000|-| |Ysgol Y Creuddyn|569|-| |Good News Family Church|10,000|-| |Age & Dementia|Friendly Holywell|2,500|-| |Sound Radio|3,996|-| |St Asaph FC|3,577|-| |North Wales Pilgrims Way|2,627|-| |Llandudno|Lions Club|1,000|-| |North Wales Emergency Doctors|Service|10,000|-| |Bedford Street Community Co|Lid|9,931|-| |Field|Studies|Council|9,790|-| |St Mary's Towyn|5,860|-| |Rhyl Brownie|Pack|1,400|-| |Old Colwyn Bowling Club|7,380|-| |CAB Conwy|10,000|-| |Metro|Fundraising|4,166|-| |Hedgehog|Help|997|-| |Rhyl &|District Guide|8,742|-| |North Wales|Wildlife Trust|9,091|-| |Age & Dementia Friendly Holywell|8,550|-| |Grove Park Bowling &|Social Club|6,416|-| |Royal National|Lifeboat Institution|2,000|-| |North|Wales|Women's|Centre|25,000|-| |Stepping Stones|4,920|-| |Abergele Rugby Club|4,000|-| |Citizens|Advice Conwy|4,863|-| |Blessed William Davies|Playgroup|5,000|-| |Kinmel Bay and Towyn|Sports &|Recreation|Association|10,000|-| |Llanddulas|Church|5,185|-| |Conwy|District|Scouts|510|-| |Aelwyd Llangwm|1,000|-| |Lianfairfechan Food Bank|2,000|-|

----- End of picture text -----

ns Page 22 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

7. GRANTSPAYABLE- continued
TanYMaen Ltd		 1,000 -
OurGreenVillage Residents Association 676 -
NWCrossroads Carers 1,000 -
Pen FoodBank 177 -
Cruse Bereavement Care 2,000 -
ConwyDistrict Scouts 1,000 -
CatrefiConwy 4,800 -
KindBay Initiative 4,985 -
Refund
Beginners Ukelele		 -
-		 (9,090)
100
1,051,653 946,461
8. SUPPORTCOSTS
Governance
Otherresourcesexpended Management
ts
300,236		 Finance
£
93		 Other
£
2,087		 costs
£
1,328		 Totals
£
303,744
Charitable Expenditure 6,463 78 2,897 3,500 12,938
306,699 171 4,984 4,828 316,682

9: NET INCOMEKEXPENDITURE)

Netincome/(expenditure) is stated after charging/({crediting):
2021 2020
£ £
—
Auditors’remuneration		 3,406 3,534
  1. 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,

Page 23

continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |li.|STAFF COSTS| |2021|2020| |£|£| |Wages|and|salarics|413,838|377,978| |Social|security|costs|36,383|31,860| |Other pension|costs|123,299|146,815| |573,520|556,653| |The|average|monthly number of|employees|during the year was|as|follows:| |2021|2020| |Staff|16|19|

----- End of picture text -----

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2021|2020| |£60,001|- £70,000|1|1| |12,|COMPARATIVES FOR THE|STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Endowment|Total| |funds|funds|fund|funds| |£|£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|15|-|-|15| |Charitable|activities| |Grant|Income|177,953|1,519,961|-|1,697,914| |Other trading|activities|50,547|623|-|51,170| |Investment|income|1,004|=|-|1,004| |Total|229,519|1,520,584|-|1,750,103| |EXPENDITURE|ON| |Charitable|activities| |Charitable|Expenditure|4,999|1,353,769|-|1,358,768| |Other|270,937|-|-|270,937| |Total|275,936|1,353,769|-|1,629,705| |NET INCOME/(EXPENDITURE)|(46,417)|166,815|-|120,398| |Other recognised|gains/{losses)| |Actuarial gains on defined benefit schemes|137,000|-|-||137,000| |Net movement|in|funds|90,583|166,815|-|257,398|

----- End of picture text -----

Page 24

continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |12.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|-|continued| |Unrestricted|Restricted|Endowment|Total| |funds|funds|fund|funds| |£|£|£|£| |RECONCILIATION|OF|FUNDS| |Total funds|brought forward|(185,613)|846,852|-|661,239| |TOTAL FUNDS CARRIED FORWARD|(95,030)|1,013,667|-|918.637| |13.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR| |2021|2020| |£|£| |Trade debtors|64,856|$1,937| |Prepayments|2,056|93| |66,912|22,030| |14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR| |2021|2020| |£|£| |Bank loans and|overdrafts|(see note|15)|722,728|13,239| |Other creditors|90,136|35,126| |Income|in advance|215,385|197,488| |Accrued expenses|$29,293|509.216| |1,557,542|755,069| |15.|LOANS| |An|analysis|of the maturity|of|loans|is|given|below:| |2024|2020| |£|£| |Amounts|falling due|within one year on demand:| |Bank overdrafts|722,728|13,239|

----- End of picture text -----

----- Start of picture text -----
ia
Page 25 continued...
----- End of picture text -----

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |16.|MOVEMENT|IN|FUNDS| |Net|Transfers| |movement|between|At| |At|1.4.20|in funds|funds|31.3.21| |x|£|£|£| |Unrestricted|funds| |General|fand|(81,792)|(56,079)|(20,387)|(158,258)| |Volunteer Centre|(13,239)|-|13,239|_|-| |(95,031)|(56,079)|(7,148)|(158,258)| |Restricted|funds| |Principal|Play Officer|(7,148)|-|7,148|.| |CVSC|Start Up Grants|465|-|-|465| |Gwynt Y Mor|977,718|71,239|-|1,048,957| |Rhy]|Flats|Offshore|Windfarm Community| |Fund|42,633|40,903|-|$3,536| |Clocaenog Grants|-|626,563|-|626,563| |Youth Led Grants|-|888|-|888| |Voluntary|Sector Emergency Fund|-|8,502|-|__|8,502| |1,013,668|748,095|7,148|1,768,911| |TOTAL FUNDS|918,637|692,016|inmaaaalt|1,610,653|

----- End of picture text -----

ee

Page 26

continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

  1. MOVEMENT IN FUNDS- continued

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

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Incoming|Resources|Gains and|Movement| |resources|expended|losses|in funds| |£|£|£|£| |Unrestricted|funds| |General|fund|295,742|(299,821)|(52,000)|(56,079)| |HSF STAFF SCHEME|3.921|(3.921)|-|-| |Restricted|fands|299,663|(303,742)|(52,000)|(56,079)| |HSCF|38,885|(38,885)|-|-| |Gwynt Y Mor|787,052|(715,813)|-|71,239| |SPOA|37,001|(37,001)|-|-| |Comic|Relief|14,500|(14,500)|-|-| |Health Wellbeing Team|19,752|(19,752)|-|-| |Helping|Families|3,575|(3,575)|-|-| |LA Liaison|34,869|(34,869)|-|-| |Rhyl Flats|Offshore|Windfarm|Community| |Fund|113,289|(72,386)|-|40,903| |Art Psychotherapy|432|(432)|-|-| |Community Car Scheme|31,206|(31,206)|-|-| |GYM ADMIN|48,846|(48,846)|-|~| |Bursaries|1,600|(1,600)|-|-| |Clocaeng Admin|89,480|(89,480)|=|-| |Clocaenog Grants|$50,898|(224,335)|-|626,563| |Storm Dennis Flood Fund|2,000|(2,000)|-|-| |Youth Led Grants|6,650|(5,762)|-|888| |Transformation|55,000|(55,000)|-|-| |Voluntary Sector Emergency|Fund|$1,594|(43,089)|-|8,502| |2,186,626|(1,438,531)|-|748,095| |TOTAL FUNDS|2,486,289|(1,742,273)|(52,000)|692,016|

----- End of picture text -----

= Page 27 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

16. MOVEMENT EN FUNDS - continued

Comparatives for movement in funds

----- Start of picture text -----
|||||| |---|---|---|---|---| |Net| |movement|At| |At|1.4.19|in|funds|31.3.20| |£|£|£| |Unrestricted|funds| |General|fund|(172,374)|90,582|(81,792)| |Volunteer|Centre|(13,239)|-|(13,239)| |(185,613)|90,582|(95,031)| |Restricted|funds| |Principal Play|Officer|-|(7,148)|(7,148)| |CVSC|Start Up Grants|518|(53)|465| |Gwynt Y Mor|$14,295|163,423|977,718| |Bodtegir|2,500|(2,500)|-| |Rhy]|Flats Offshore|Windfarm Community| |Fund|29,539|13,094|_ 42,633| |846,852|166,816|1,013,668| |TOTAL FUNDS|661,239|257,398|218,637|

----- End of picture text -----

aee SS Page 28 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

16. MOVEMENT IN FUNDS- continued

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

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Incoming|Resources|Gains and|Movement| |resources|expended|losses|in|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|224,792|(271,210)|137,000|90,582| |HSF STAFF SCHEME|2,916|(2,916)|-|-| |Eisteddfod|1,810|(1,810)|-|-| |229,518|(275,936)|137,000|90,582| |Restricted|funds| |HSCF|38,886|(38,886)|-|-| |Cash 4 Youth|6,650|(6,650)|a|.| |Principal Play Officer|90,843|(97,991)|-|(7,148)| |CVSC|Start Up Grants|47|(100)|-|(53)| |Citizens|Panel|28,001|(28,001)|-|-| |Gwynt Y Mor|728,862|(565,439)|-|163,423| |SPOA|37,001|(37,001)|-|-| |Bodtegir|-|(2,500)|-|(2,500)| |Comic|Relief|304,268|(304,268)|-|-| |Health|Wellbeing Team|19,594|(19,594)|-|-| |Helping|Families|7,488|(7,488)|-|-| |LA Liaison|37,054|(37,054)|-|-| |Rhy]|Flats|Offshore Windfarm Community| |Fund|101,54)|(88,447)|-|13,094| |Art Psychotherapy|1,616|(1,616)|-|-| |Community Car Scheme|27,823|(27,823)|-|-| |Dementia Carers|32,911|(32,911)|-|-| |GYM ADMIN|58,000|(58.000)|-|-| |1,520,585|(1,353.769)|-|166,816| |TOTAL FUNDS|1,750,103|(1,629,705)|137,000|257,398|

----- End of picture text -----

i Se Page 29 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

a

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.4.19|in funds|funds|31.3.21| |£,|£|£|£| |Unrestricted|funds| |General|fund|(172,374)|34,503|(20,387)|(158,258)| |Volunteer Centre|(13,239)|-|13,239|_|-| |(185,613)|34,503|(7,148)|(158,258)| |Restricted|funds| |Principal Play Officer|-|(7,148)|7,148|-| |CVSC|Start Up Grants|518|(53)|-|465| |Gwynt Y Mor|814,295|234,662|-|1,048,957| |Bodtegir|2,500|(2,500)|-|-| |Rhy]|Flats|Offshore Windfarm Community| |Fund|29,539|53,997|-|83,536| |Clocaenog Grants|-|626,563|-|626,563| |Youth Led Grants|-|888|-|888| |Voluntary|Sector Emergency Fund|-|8,502|-|__|8,502| |846,852|914,911|7,148|1,768,911| |TOTAL FUNDS|661,239|949,414|*|1610,653|

----- End of picture text -----

NTTeee Page 30 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

16. MOVEMENT IN FUNDS- continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Incoming|Resources|Gains and|Movement| |resources|expended|losses|in|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|520,534|(571,031)|85,000|34,503| |HSF STAFF SCHEME|6,837|(6,837)|-|-| |Eisteddfod|1,810|(1,810)|-|-| |529,181|(579,678)|85,000|34,503| |Restricted|funds| |HSCF|77,771|(77,771)|-|-| |Cash 4 Youth|6,650|(6,650)|-|-| |Principal|Play Officer|90,843|(97,991)|-|(7,148)| |CVSC|Start Up Grants|47|(100)|-|(53)| |Citizens|Panel|28,001|(28,001)|-|-| |Gwynt Y Mor|1,515,914|(1,281,252)|-|234,662| |SPOA|74,002|(74,002)|-|-| |Bodtegir|-|(2,500)|-|(2,500)| |Comic|Relief|318,768|(318,768)|-|-| |Health|Wellbeing|Team|39,346|(39,346)|-|-| |Helping|Families|11,063|(11,063)|-|-| |LA|Liaison|71,923|(71,923)|-|-| |Rhyl Flats|Offshore|Windfarm Community| |Fund|214,830|(160,833)|-|53,997| |Art Psychotherapy|2,048|(2,048)|-|-| |Community|Car Scheme|59,029|(59,029)|-|-| |Dementia|Carers|32,911|(32,911)|-|-| |GYM ADMIN|106,846|(106,846)|-|-| |Bursaries|1,600|(1,600)|-|-| |Clocaeng Admin|89,480|(89,480)|-|-| |Clocaenog|Grants|850,898|(224,335)|-|626,563| |Storm Dennis Flood Fund|2,000|(2,000)|-|-| |Youth|Led Grants|6,650|(5,762)|-|888| |Transformation|$5,000|(55,000)|-|-| |Voluntary|Sector Emergency Fund|$1,591|(43,089)|:|8.502| |3,707,211|(2,792,300)|-|914,911| |TOTAL FUNDS|4,236,392|(3,371,978)|85,000|949.414|

----- End of picture text -----

Page 31

continued...

.

COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021

  1. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a funded defined benefits scheme providing benefits based on final remuneration. The assets of the scheme are held separately from those of the charity. The staff are members of the Gwynedd Pension Fund. Contributions are charged to the SOFA so as to spread the cost of pensions over the employees' working lives with the charity,

The pension charge (employee's and employer's contributions) in the year is £75,299 (2020: £85,817).

Employer contributions are agreed at the rate of 20.8% (2020 - 20.8%), and active members pay on average at the rate of 6.5% of pensionable pay (2020 - 6.5%).

The latest triennial actuarial valuation of the fund was carried out as at 31 March 2018. The annual interim valuation has also been carried out by a qualified independent actuary as at 31 March 2021.

Basis for Estimating Assets and Liabilities

Liabilities have been assessed on an actuarial basis using the projected unit method, an estimate of the pensions that will be payable in future years dependent on assumptions about mortality rates, salary levels, etc.

The principal assumptions used by the actuary were as follows:

1. Financial Assumptions

----- Start of picture text -----
|||||| |---|---|---|---|---| |31.03.21|31.03.20| |%|p.a.|Yop.a.| |Pension|Increase|Rate|2.9%|1.9%| |Salary|Increase|Rate|3.2%|2.2%| |Discount Rate|2.0%|2.3%|

----- End of picture text -----

3. Mortality

Life expectancy is based on the Fund's VitaCurves with improvements based on the CMI 2020 model, an allowance for smoothing of recent mortality experience and a long term rate of improvement of 1.3% p.a, for men and women. Based on these assumptions, the average future life expectancies at age 65 are summarised below::

Males Females Current Pensioners 21.5 years 23.9 years Future Pensioners 22.7 years 25.9 years

4, Commutation

An allowance is included for future retirements to elect to take 50% of the maximum additional tax-free cash up to HMRC limits for pre-April 2008 service and 75% of the maximum tax-free cash for post-April 2008 service.

Balance Sheet Disclosures

1. Fair Value of Employer Assets

NeneeeeeeeeEeEeEeEeyeeEeEeEeEeEeEeEeEEeE—EEEeee eee ee Page 32 continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021

  1. EMPLOYEE BENEFIT OBLIGATIONS- continued

----- Start of picture text -----
|||| |---|---|---| |31.03.21|31.03.20| |£(000)|£(000)| |Equities|1,892|1,405| |Bonds|-|.| |Property|171|165| |Debt|145|98| |Cash|12|8| |Total|2,220|1,676|

----- End of picture text -----

The above asset values as at 31 March 2021 are at bid value as required by FRS17.

2. Balance Sheet

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Year End|31.03.21|31.03.20| |£(000)|£(000)| |Fair Value of Employer Assets|2,220|1,676| |Present|Value|of Funded|Liabilities|*|(2,590)|(1,946)| |Net (Under)|/ Overfunding|in Funded Plans|(370)|(270)| |Present|Value|of Unfunded|Liabilities|-|-| |Unrecognised Past|Service Cost|-|-| |Net Asset|/ (Liability)|in|Balance|Sheet|(370)|(270)|

----- End of picture text -----

Reconciliation of Defined Benefit Obligation

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |31.03.21|31.03.20| |£(000)|£(000)| |Opening Defined|Benefit|Obligation|1,946|2,159| |Current|Service|Cost|116|138| |Interest|Cost|46|53| |Contributions|by Members|22|19| |Actuarial|Losses|/ (Gains)|5il|(378)| |Benefits|Paid|(1)|(45)| |Closing|Defined|Benefit|Obligation|2,590|1,946| |Reconciliation|of Fair Value of Employer Fair Value of Employer Value of Employer of Employer Employer|Assets| |31.03.21|31.03.20| |£(000)|£(000)| |Opening|Fair Value|of Employer Assets|1,676|1,813| |Return|on Assets|498|(197)| |Contributions|by Members|22|19| |Contributions|by Employer|15|86|

----- End of picture text -----

Reconciliation of Fair Value of Employer Fair Value of Employer Value of Employer of Employer Employer Assets

Page 33

continued...

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
|||||| |---|---|---|---|---| |17.|EMPLOYEE BENEFIT OBLIGATIONS-|continued| |Benefits|Paid|G6)|(45)| |Closing Fair|Value|of Employer Assets|2,220|1,676| |Amounts|for|the Current and|Previous|Accounting Periods| |31.03.21|31.03.26| |£(000)|£(000)| |Fair Value of Employer Assets|2,220|1,676| |Present Value|of Defined Benefit Obligation|(2,590)|(1,946)| |Surplus|/ (Deficit)|(370)|(270)| |Experience|Gains/ (Losses) on Assets|544|(137)| |Experience Gains/ (Losses) on Liabilities|(644)|213|

----- End of picture text -----

  1. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

  1. GOING CONCERN

At the 31st March 2021 the charity had positive reserves of £1,610,653. This comprised of unrestricted funds deficit of £158,258 and restricted funds surplus of £1,768,911

The trustees consider it appropriate to prepare the charity's financial statements on a going concern basis, this is covered in more detail in the trustees report on pages 1-4 of the accounts.

Page 34

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
||||| |---|---|---|---| |2021|2020| |£|£| |INCOME AND ENDOWMENTS| |Donations|and|legacies| |Donations|10|15| |Other|trading|activities| |Miscellaneous Income|4,085|7,364| |Desk|Space/ Project Management|39,363|41,756| |Membership|-|2,050| |43,448|51,170| |Investment|income| |Deposit account|interest|397|1,004| |Charitable|activities| |Grants.|2|442,434|1,697,914| |Total incoming|resources|2,486,289|1,750,103| |EXPENDITURE| |Charitable|activities| |Wages|254,428|237,941| |Social|security|16,913|17,741| |Pensions|37,141|48,857| |Insurance|632|1,500| |Telephone|3,896|8,467| |Postage and stationery|3,667|6,987| |Sundries|130|2,545| |Computer Costs|10,025|9,324| |Translation|1,284|2,166| |Grants|-|2,500| |Project Costs|2,314|17,433| |‘Management Fees|38,907|39,913| |Hot Desks|4,500|4,500| |Travel|and Subsistence|101|3,790| |Grants to institutions|1,051,653|946.461| |1,425,591|1,350,125| |Support|costs| |Management| |Wages|159,410|140,037| |Social|security|19,470|14,119| |Carried forward|178,880|154,156|

----- End of picture text -----

This page does not form part of the statutory financial statements

pg

Page 35

COMMUNITY & VOLUNTARY SUPPORT CONWY

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

----- Start of picture text -----
|||||| |---|---|---|---|---| |2021|2020| |£|£| |Management| |Brought|forward|178,880|154,156| |Pensions|86,158|97,958| |Insurance|1,007|300| |Telephone|4,271|2,523| |Postage and|stationery|6,672|4,839| |Sundries|242|2,128| |Subcriptions|655|356| |Computer Costs|9,104|2212| |Translate|2,089|299| |Project Costs|17,217|4,980| |Travel|and Subsistence|404|—|(594)| |306,699|269,217| |Finance| |Bank charges|171|242| |Other| |Property costs|4,984|5,207| |Governance|costs| |Auditors'|remuneration|3,406|3,534| |Accountancy and|legal|fees|1,422|____1,380| |4,828|—|4,914| |Total|resources expended|1,742,273|1,629,705| |Net income|744,016|120,398|

----- End of picture text -----

This page does not form part of the statutory financial statements

ee

Page 36