2023-03-31-accounts - The Venture (Wrexham) Limited

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		Page
Trustee Report
Report ofthe Independent	Examiners
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		10

INCOME AND EXPENDITURE	INCOME AND EXPENDITURE			Unrestricted	Restricted	2022/2023	2021/2022
			Notes	funds	funds	Total	Total
INCONIING RESOURCES
INCOME AND ENDOWMENTS		FROM
Donations and Legacies				937	325	1,262	2,875
Charitable activities					366,191	366,191	318,523
Other income					25,362	25,362	32,501
Total Income Resources				937	391,878	392,815	353,899
RESOURCES EXPENDED
EXPENDITURE ON
Charitable activities
Services				21,494	271,466	292,960	266,256
Support Costs				68	19,868	19,936	18,328
Administration				484	64,184	54,668	46,721
Total Resources Used				22,046	345,518	367,564	330,305
NET INCOME/OUTGOING	RESOURCES			21,109	46,360	25,251	23,594
RESOURCES FOR THE	YEAR
Balance brought forward	'I April	2022		195,151	384,609	579,760	556,166
Transfer between funds
Balances carried forward	31 March 2023			174,042	430,969	605,011	579,760

Depreciation is provided at the fo ts useful economic life.	Depreciation is provided at the fo ts useful economic life.	llowing annual	rates in order to write offeac
Playground			Over the life ofthe lease
Buildings			Over the life ofthe lease
Furniture	and equipment	20/	On cost
Containers		15'/	On cost
Canoes		15'/0	On cost
Motor Vehicles		20%	On cost
Computer		25%	On cost

Forthe Period Ended 31st Nlarch 202	Forthe Period Ended 31st Nlarch 202	3
2. INCOMING RESOURCES		2022/2023	2022/23	2022/23	2021/22
		Unrestricted	Restricted	Total	Total
		8	6		6
Donations and legacies
Donations		937		937	2,875
Fundraising/Contribution/Activities			325	325
Charitable Activities		937		1,262	2,876
Grants
Flying Start			79,341	79,341	66,722
Henry Smith Betsi Cadwaliider university	Hospital		36,712 34,000	36,712 34,000	51,100
Lottery - MOF			32,446	32,446
Henry Smith			32,000	32,000	15,000
AVOW - Food initiative Gala Park Community Council Welsh Government WCBC - Summer of Fun			17,188 16,624 15,907 15,000	17,188 16,624 15,907 15,000	4,150 16,140 4,093 20,000
Lottery - People &Places			12,225	12,225
WCBC - Play Weekends/holidays Waterloo Foundation			12,000 12,000	12,000 12,000	12,000
WCBC - Youth Service			10,000	10,000
Lottery - PIP			9,999	9,999
Flying Start -Childare Grant			9,313	9,313
AVOW - PIP Flying Start - Additional funding WCBC - New Horizons			4,992 4,795 2,7'l9	4,992 4,795 2,719	8,000 4,727
Gaia Park Community Council	Food initi		2,199	2,199
Landfill Disposal Tax Grant WCBC - Home Education WCBC - Consultation WCBC - City ofCulture Association ofScience &Discovery WCBC - Politics Project			1,930 1,796 1,000 1,QOO 500 355	1,930 1,796 1,000 1,000 500 355	7,653 8,204 600
WCBC - Fit 8 Fed Morgan Foundation Wales Council for Voluntary Action WCBC - Capital Lottery - Community Fund WCBC - Play Development National Lottery - Community Fund WCBC -Pupil Development Flintshire County Council Groundwork -Bags for Life Wrexham County Borough Council North Wales Science Xplore Children inWales			150	150	19,989 31,666 13,108 12,000 5,618 5,000 4,372 3,365 1,747 1,125 1,000 653
WCBC - Welsh Government Education					490
Welsh Govemrnent - Neurodevelopmen
			366,191	365,191	318,523
Room Hire			2,340	2,34Q	8,579
Other Income
Sundry Wrexham Youth &Play Partnership HMRC			10,305 12,717	10,305 12,717	2,360 8,927,
					'f4,646
			231022	231022	26,923
Total Income		937	391,878	392,815	353,899

3 VENTURE SERVICES	3 VENTURE SERVICES
Wages		6,156	208,268	214,424	193,'l05
Vehicles Tax and Fuel			332	332	585
Vehicle Maintenance			128	128	55
Profit on Disposal of	Fixed Assets				500
Transport			790	790
Travel Expenses		459	758	1 217	486
Protective Clothing			807	807	1,382
Building Improvement & Equipment Site Maintenance Site Improvement & Equipment		39 20	4,466 1,813 647	4,505 1,833 647	3,447 2,335 4,449
Equipment Hire		230	210	440	2,715
Activities & Equipment		1,535	22,301	23,836	11,757
Miscellaneous		8,489	5,421	13,910	26,104
Legacy Fund Partners			10,008	10,008
Depreciation		4,566	15,517	20,083	19,337
		21,494	271&466	292,960	266,256
4 VENTURE SUPPORT COSTS
First Aid			61	51	316
Training Building Maintenance Audit Costs	8 Cleaning	68	2,680 14,562 2,575	2,680 14,630 2,575	3,072 12,490 2,450
		88	19,868	19,936	18,328
6VENTURE ADMINISTRATION
Insurance Heat, Light, Water Telephone Refuse		107 229	7,095 8,203 2,368 903	7,202 8,203 2,597 903	6,075 6,073 2,072 885
Advertising Office Expenses &Photocopying Adrninistraion Wages		25 123	1,662 2,662 31,291	1,662 2,687 31,414	222 2,044 29,350
		484	64,184	84,868	46,721

	Staff Costs	Other Costs	Oepreciatton	Total 2022/23	2021/22
Venture Services Support costs Administration	214,424 31,414	58,453 19,936 23,254	20,083	292,960 19,936 54,668	265,256 18,328 46,721
	245,838	101,643	20,083	367,564	330,306

INCOIIE AND EXPENDITURE	INCOIIE AND EXPENDITURE	INCOIIE AND EXPENDITURE	INCOIIE AND EXPENDITURE		Unrestricted	Restricted	Total Funds
					funds	funds	Total
					f	6	8
Donations and legacies					2,875		2,875
Charitable activities						318,523	318,523
Other income					2,171	30,330	32,501
Total					6,048	348,863	353,899
EXPENDITURE ON
Charitable activities
Services					7,185	258,071	266,258
Support Costs					1,600	16,728	18,328
Adrninistartion					582	46,139	48,721
Total					9,367	320,938	3301305
NET INCOME l(EXPENDITURE)					4,321	27,915	23,694
RECONCILIATION		OF	FUNDS
Balances brought	forward 31 March 2021				199,472	356,694	566,168
Transfer offunds
Balances carried forward			31 March 2022		196,151	384,609	679,760
8.NET INCOMING	(OUTGOING)			RESOURCES		2022/23	2021/22
Independent examiner's			remuneration			2,575	2,450
Depreciation -owned		assets				20,083	19,337
						22,658	21,787
9.STAFF COSTS						2022/23	2021/22
Wages and Salaries						228,613	208,519
Social Security Costs						11,212	8,854
Pension						6,013	5,082
						246,838	222,454
The total number	ofemployees			by function was		2022/23	2021/22
Services						12	12
Management						1	1
Administration						1
						14	14

Forthe Period Ended 12. DePreciation		31st March	2023
		Leasehold	Leasehold	Purniture	Computer			Motor
		Buildings	Playground	Equipment	Equipment	Containers	Canoes	Vehicle	Total
		E	E	E	E	E	E	E	E
COST
At 1stApril 2022		188,567	227,835	79,531	33,189	4,188		17,657	551,007
Additions		20,257	4,069	38,211	1,330				83,887
Disposal
At 31stMarch 2023		208,824	231,904	117,742	34,519	4,166	62	17,657	614,874
DEPRECIATION
At 1stApril 2022		49,482	52,455	13,336	27,259	3,953		4,742	151,289
Charge for the year		5,700	6,828	1,963	2,283	80		3,229	20,083
On Disposal
At 31stMarch 2023		55,182	59,283	15,299	29,542	4,033		7,971	171,372
NET BOOK VALUE
at31stMarch 2023		153,642	172,621	102,443	4,977	134		9,686	443,502
NET BOOK VALUE
at31stMarch 2022		139,085	175,380	66,195	5,930	213		12,915	399,718
					2022 / 2023		2021I2022
13. DEBTORS
Amounts falling due within	1	year
Prepayments and accrued	income				1 121		3,620
Other Debtors					101,991		36,037
					103,		3,657
14. CREDITORS
Amounts falling due within	1	year
Other Creditors and accruals					12,028		14,419
					12,0		14,419

15.FUND MOVEMENTS
				Trsnsterrea to
RESTRICTED FUNDS	Opening	Income	Expenditure	Unrestricted	Closing
Venture Services	384,609	391,878	345,518		430,969
	384,609	391,878	345,518		430,969
UNRESTRICTED FUNDS	195,151	937	22,046		174,042

16. ANALYSIS OFASSETS B	ETWEEN FUNDS
	Unrestricted	Restricted	2022/2023	2021-22
	Total	Total	Total	Total
FixedAssets	116,165	327,337	443,502	399,718
Debtors		103,'i12	103,112	39,657
Bank &Cash	57,877	12,548	70,425	154,804
Creditors		12,028	12,028	14,419
	174,042	430,969	605,011	579760