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2020-12-31-accounts

CHARITY REGISTRATION NUMBER: 1155442

Stow Park Community Centre Unaudited Financial Statements

31 December 2020

ELLIS LLOYD JONES AUDIT LIMITED

Chartered accountants 11 Park Square Newport South Wales NP20 4EL

Stow Park Community Centre

Financial Statements

Year ended 31 December 2020

Page
Trustees' annual report 1
Independent examiner's report to the trustees 6
Statement of financial activities 7
Statement of financial position 8
Notes to the financial statements 9

Stow Park Community Centre

Trustees' Annual Report

Year ended 31 December 2020

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.

Reference and administrative details

Registered charity name Stow Park Community Centre Charity registration number 1155442 Principal office Brynhyfryd Road Newport South Wales NP20 4FX The trustees R Prosser S Jones (Chair) D Clason (Treasurer) W Clason (Secretary) Mr J Matthews (appointed on 12 February 2021) Independent examiner K Williams BSc, FCA, BFP

1

Stow Park Community Centre

Trustees' Annual Report (continued)

Year ended 31 December 2020

Structure, governance and management

The Charity is governed by its Constitution dated 8 January 2014.

Appointment and Training of Trustees

The members of the CIO shall be its charity trustees for the time being and the members of Stow Park Local Ecumenical Partnership from time to time. Other than the first charity trustees, all of the charity trustees shall be appointed from time to time by Stow Park Ecumenical Partnership, which is the appointing body. Any appointment must be made at a meeting held according to the ordinary practice of the appointing body and each appointment must be for a term of 4 years. When elected, new trustees are presented with an information pack giving details of their responsibilities and are provided with other information and training when required.

Organisation

The trustees, who meet regularly, are responsible for the organisation and administration of the Centre. The day to day running of the Centre is devolved to the Operational Manager, M Scott.

Related Parties

The Charity has no related parties.

Health Help International

The Charity works closely with Health Help International, an independent registered charity working in Zambia and India, whose objects are to relieve persons who are in conditions of need, hardship or distress by reason of their social or economic circumstances by the provision of facilities, buildings, equipment, medication or other necessary supplies. One Church trustee was the founder member of this Charity whilst another is also a trustee. The Charity provides office accommodation free of charge.

Risks

The trustees continue to review the risks facing the Charity, which include securing sufficient funding to enable the trustees to fulfil the primary objectives. Other risks include non-compliance with the relevant laws and regulations affecting the day to day activities of the Centre.

2

Stow Park Community Centre

Trustees' Annual Report (continued)

Year ended 31 December 2020

Objectives and activities

The objectives of the CIO are the provision, alone or in conjunction with others, of facilities for the benefit of the public, in order to relieve poverty and any other need, in particular through reason of youth, age, ill-health, disability, unemployment or social deprivation. In determining the charity objectives, the trustees have had regard to the Charity Commission's guidance on public benefit and are of the opinion that the activities undertaken further the charities purposes for the public benefit.

Staff and Volunteers

The Charity is administered by trustees, all of whom are unpaid volunteers. The trustees are very grateful to the Centre staff, who work extremely hard, particularly in administering the hiring of rooms and food bank project and to all the volunteers, without whose help other activities, including the homeless breakfast and the printing project, could not be run.

Community Centre Activities

The coffee bar sells light refreshments and is used to support people seeking peace, help and guidance. Community organisations hiring the Centre for their own activities include the Lighthouse Centre, Barnardo's, the Parkinson's Society, counselling and mediation groups, dance and fitness groups and general purpose hire including children's parties. Although the Centre staff are remunerated, it relies heavily on volunteers who give their time freely for which the Membership are very grateful.

3

Stow Park Community Centre

Trustees' Annual Report (continued)

Year ended 31 December 2020

Achievements and performance

Impact of Covid-19 pandemic

The Covid-19 pandemic clearly impacted the operations of Stow Park Community Centre during the year. For most of 2020, the Centre was closed, however, the Trustees were successful in keeping the Foodbank open for the increasing numbers of people who need this service. Whilst closure of the Centre meant a reduction in income from room hires, we have been successful in our applications for grant funding. Local businesses, agencies and other charitable organisations have also been generous in their donations, for which we are grateful.

Printing

The printing project was launched to give unemployed and disadvantaged young people the relevant training in desktop publishing and bookbinding to equip them to find long term employment. This project is led by a retired professional printer and an IT specialist, who give the trainees real, hands-on work, and is fully equipped with machines both donated and purchased. Their expanding catalogue is used by a growing customer base, including other Presbyterian and United Reformed Churches as well as the wider community. All monies earned help to pay the costs of training including the materials etc. This project is now recognised as a Social Enterprise and has the support of Government Agencies seeking to find work for the young unemployed.

During the Covid-19 pandemic, activity in the print room reduced as we were forced to close during lockdown. However, staff and volunteers were still able to complete some projects prior to lockdown and as lockdown eased from September 2020.

Food Bank

Providing food for those who cannot afford it for themselves has become a large part of our work. Sent to us by Social Services and other agencies, the numbers we have helped during this period has grown. The cost of the food is funded by donations, both monetary and in kind, and by subscribing to Fare Share who distribute food not wanted by the supermarkets.

During the Covid pandemic, this was the main activity of Stow Park Community Centre. The Trustees, staff and volunteers maintained the operation of the Foodbank throughout lockdown as we saw demand increase from 6,000 parcels p.a. to 8,600 during this period. In addition, volunteers prepared and delivered over 200 hot meals over three days over the 2020 Christmas period.

Financial review

The total income amounted to £160,606 (2019: £93,768), with restricted income of £86,403 (2019: £24,474) going towards specific projects and activities. This includes donations from our Members and supporters, who are keen to be financially involved in the work our Centre is doing in the Community. The donations have helped us buy food to support our Food Bank and to feed the homeless.

Income from charitable activities was severely impacted by the Covid-19 pandemic and related lockdowns. Income from such activities reduced from £47,194 in 2019 to £18,345. The printing project generated sales of £5,125 (2019: £16,118) by selling the work done by the trainees.

4

Stow Park Community Centre

Trustees' Annual Report (continued)

Year ended 31 December 2020

The income includes grant funding of £77,161 (2019: £24,474) including monies from The Big Lottery, Covid funds and other agencies and organisations. Their support is very much appreciated and ensured the continuing operation of the Foodbank during the lockdowns, when it provided a vital service to the local community and enabled other projects when restrictions eased. In addition, government grants of £31,065 (2019: £nil) were received under the Coronavirus support schemes available to organisations.

Total expenditure amounted to £125,270 (2019: £107,834), which includes the charge for depreciation of £4,045 (2019: £4,045). The total net increase in funds amounted to £35,336 (2019: decrease of £14,066). This was after a surplus in unrestricted funds of £21,314 (2019: deficit of £14,544) and a surplus in restricted funds of £14,022 (2019: £478). Given the restrictions on activities in the year, these were positive results and highlighted careful financial management by the trustees. The surplus on restricted funds was caused by delays to specific projects due to the pandemic which have taken place in 2021.

Reserves Policy

The trustees have established a reserves policy to equal three months running costs and will be working towards this over the next few years. Whereas they recognise their responsibilities to spend the monies given within a reasonable time, they are also mindful of the need to hold funds in reserve to meet the risk of falling income and to fund an effective exit strategy should the Charity have to be closed. At the end of this financial year the amount of available funds amounted to £27,182 (2019: £1,823) which excludes all fixed assets funded through unrestricted funds and restricted funds.

Investment Policy

The trustees have considered the most appropriate policy for investing funds and have found that specialist unit trusts, designed for the charity sector, meets their requirements to generate both income and capital growth. Funds invested include surplus funds and those specifically donated or bequeathed.

Plans for future periods

The Trustees will endeavour to continue to operate the principal activities of the Centre, including working with the homeless, operating the food bank and training young people for work through the various training and support schemes.

At the start of 2021, with the Covid-19 pandemic ongoing, the centre initially remained closed and so the initial focus was on maintaining the Foodbank for the benefit of those in need. As things have opened back up, the centre has gradually returned to more normal operations and the trustees have worked towards launching projects that were delayed by the pandemic, such as Coffee with Confidence.

Nov 20, 2021 The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

S S Jones S S Jones (Nov 22, 2021 10:40 GMT)

S Jones (Chair) Trustee

5

Stow Park Community Centre

Independent Examiner's Report to the Trustees of Stow Park Community Centre

Year ended 31 December 2020

I report to the trustees on my examination of the financial statements of Stow Park Community Centre ('the charity') for the year ended 31 December 2020.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Kara Williams

Kara Williams (Nov 22, 2021 10:44 GMT)

K Williams BSc, FCA, BFP Independent Examiner

Ellis Lloyd Jones Audit Limited Chartered Accountants 11 Park Square Newport NP20 4EL

Nov 22, 2021

6

Stow Park Community Centre

Statement of Financial Activities

Year ended 31 December 2020

2020 2019
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 55,858 86,403 142,261 46,574
Charitable activities 5 18,345 – 18,345 47,194
──────── ──────── ───────── ────────
Total income 74,203 86,403 160,606 93,768
════════ ════════ ═════════ ════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 6 7,524 – 7,524 –
Expenditure on charitable activities 7,8 45,365 72,381 117,746 107,834
──────── ──────── ───────── ─────────
Total expenditure 52,889 72,381 125,270 107,834
════════ ════════ ═════════ ═════════
──────── ──────── ───────── ─────────
Net income/(expenditure) and net
movement in funds 21,314 14,022 35,336 (14,066)
════════ ════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 28,288 1,638 29,926 43,992
──────── ──────── ───────── ─────────
Total funds carried forward 49,602 15,660 65,262 29,926
════════ ════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 17 form part of these financial statements.

7

Stow Park Community Centre

Statement of Financial Position

31 December 2020

2020 2019
Note £ £
Fixed assets
Tangible fixed assets 13 22,420 26,465
Current assets
Stocks 14 616 616
Debtors 15 3,248 6,697
Cash at bank and in hand 40,569 27,944
──────── ────────
44,433 35,257
Creditors: amounts falling due within one year 16 1,591 31,796
──────── ────────
Net current assets 42,842 3,461
──────── ────────
Total assets less current liabilities 65,262 29,926
──────── ────────
Net assets 65,262 29,926
════════ ════════
Funds of the charity
Restricted funds 15,660 1,638
Unrestricted funds 49,602 28,288
──────── ────────
Total charity funds 19 65,262
════════		 29,926
════════

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: Nov 20, 2021

S S Jones

S S Jones (Nov 22, 2021 10:40 GMT)

S Jones (Chair) Trustee

Deborah J Clason (Nov 20, 2021 10:55 GMT+4) Deborah J Clason

D Clason (Treasurer) Trustee

The notes on pages 9 to 17 form part of these financial statements.

8

Stow Park Community Centre

Notes to the Financial Statements

Year ended 31 December 2020

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is a charitable incorporated organisation. The address of the principal office is Brynhyfryd Road, Newport, South Wales, NP20 4FX, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or

commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

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

9

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Incoming resources (continued)

Resources expended

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

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% straight line Equipment - 6-15% Straight line

10

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

11

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Donations
Donations - general 33,793 – 33,793
Donations - food bank donations – 242 242
Grants
Grants receivable 1,000 76,161 77,161
Government Grants 21,065 10,000 31,065
──────── ──────── ─────────
55,858 86,403 142,261
════════ ════════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2019
£ £ £
Donations
Donations - general 21,204 – 21,204
Donations - food bank donations 896 – 896
Grants
Grants receivable – 24,474 24,474
Government Grants – – –
──────── ──────── ────────
22,100 24,474 46,574
════════ ════════ ════════

5. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
£ £ £ £
Hiring of the community centre 12,863 12,863 29,302 29,302
Printing income 5,125 5,125 16,118 16,118
Coffee shop income 293 293 1,301 1,301
Clothing bank income 3 3 89 89
Table top sales 61 61 384 384
──────── ──────── ──────── ────────
18,345 18,345 47,194 47,194
════════ ════════ ════════ ════════

6. Costs of raising donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
£ £ £ £
Costs of raising donations and legacies
- Donations 396 396 – –
Costs of raising donations and legacies
- Grants receivable 7,128 7,128 – –
─────── ─────── ──── ────
7,524 7,524 – –
═══════ ═══════ ════ ════

12

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

7. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Hiring 3,562 – 3,562
Printing 8,868 14,132 23,000
Coffee shop 1,404 1,850 3,254
Food bank 15,946 26,116 42,063
Community centre 13,950 30,283 44,232
Support costs 1,635 – 1,635
──────── ──────── ─────────
45,365 72,381 117,746
════════ ════════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2019
£ £ £
Hiring 8,577 – 8,577
Printing 22,930 4,436 27,366
Coffee shop 6,173 – 6,173
Food bank 15,901 – 15,901
Community centre 28,107 19,560 47,667
Support costs 2,150 – 2,150
──────── ──────── ─────────
83,838 23,996 107,834
════════ ════════ ═════════

8. Expenditure on charitable activities by activity type

Activities
undertaken Total funds Total fund
directly Support costs 2020 2019
£ £ £ £
Hiring 3,562 – 3,562 8,577
Printing 23,000 – 23,000 27,366
Coffee shop 3,254 – 3,254 6,173
Food bank 42,063 – 42,063 15,901
Community centre 44,232 – 44,232 47,667
Governance costs – 1,635 1,635 2,150
───────── ─────── ───────── ─────────
116,111 1,635 117,746 107,834
═════════ ═══════ ═════════ ═════════

9. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation of tangible fixed assets

2020 2019
£ £
4,045 4,045
═══════ ═══════

13

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

10. Independent examination fees

2020 2019
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,635
═══════		 2,151
═══════

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as The total staff costs and employee benefits for the reporting period are analysed as follows:
2020 2019
£ £
Wages and salaries 58,777 59,645
Employer contributions to pension plans 1,755 –
──────── ────────
60,532 59,645
════════ ════════

The average head count of employees during the year was 3 (2019: 3).

No employee received employee benefits of more than £60,000 during the year (2019: Nil).

12. Trustee remuneration and expenses

There was no Trustees' remuneration or other benefits for Trustees during the year ended 31 December 2020 or the prior year.

There were no Trustees' expenses paid for the year 31 December 2020 or the previous year.

13. Tangible fixed assets

Fixtures and
fittings Equipment Total
£ £ £
Cost
At 1 January 2020 and 31 December 2020 41,013 22,189 63,202
════════ ════════ ════════
Depreciation
At 1 January 2020 25,360 11,377 36,737
Charge for the year 2,795 1,250 4,045
──────── ──────── ────────
At 31 December 2020 28,155 12,627 40,782
════════ ════════ ════════
Carrying amount
At 31 December 2020 12,858 9,562 22,420
════════ ════════ ════════
At 31 December 2019 15,653 10,812 26,465
════════ ════════ ════════
Stocks
2020 2019
£ £
Raw materials and consumables 616 616
════ ════

14. Stocks

14

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

15. Debtors
2020 2019
£ £
Other debtors 3,248 6,697
═══════ ═══════
16. Creditors: amounts falling due within one year
2020 2019
£ £
Accruals and deferred income 1,591 31,796
═══════ ════════

17. Pensions and other post-retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,755 (2019: £Nil).

18. Government grants

Government grants totalling £31,065 (2019: £nil) were recognised in the year. £21,065 was received under the Government's Coronavirus Job Retention Scheme for furloughed employees in the year. A restricted grant of £10,000 was received under the Welsh Government Economic Resilience Fund in order to continue the operation of the Foodbank during lockdown. There were no unfulfilled conditions attached to the grants recognised in income.

19. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At 31
At 1 December
January 2020 Income Expenditure 2020
£ £ £ £
General funds 28,288 74,203 (52,889) 49,602
════════ ════════ ════════ ════════
At 31
At 1 December
January 2019 Income Expenditure 2019
£ £ £ £
General funds 42,832 69,294 (83,838) 28,288
════════ ════════ ════════ ════════

15

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

19. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At 31
At 1 December
January 2020 Income Expenditure 2020
£ £ £ £
The Big Lottery grant funding 1,638 24,774 (26,412) –
Breaking Isolation – 20,720 (20,720) –
Big Lottery - Awards for All – 12,113 (6,613) 5,500
Foodbank – 1,622 (1,622) –
Coffee with Confidence – 11,274 (7,014) 4,260
Moondance – 5,900 – 5,900
Welsh Government - Economic
Resilience Fund – 10,000 (10,000) –
─────── ──────── ──────── ────────
1,638 86,403 (72,381) 15,660
═══════ ════════ ════════ ════════
At 31
At 1 December
January 2019 Income Expenditure 2019
£ £ £ £
The Big Lottery grant funding 1,160 24,474 (23,996) 1,638
Breaking Isolation – – – –
Big Lottery - Awards for All – – – –
Foodbank – – – –
Coffee with Confidence – – – –
Moondance – – – –
Welsh Government - Economic
Resilience Fund – – – –
─────── ──────── ──────── ───────
1,160 24,474 (23,996) 1,638
═══════ ════════ ════════ ═══════

16

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2020

19. Analysis of charitable funds (continued)

The Big Lottery grant funding relates to a 4 year project to provide basic life skills at the community centre, which started in November 2018.

The Breaking Isolation fund relates to grants received for the charity's Breaking isolation project which aims to rebuild the self-confidence of elderly and vulnerable clients to reduce anxiety and social isolation.

The Big Lottery - Awards for All funding has been received for a print room project. An element of this project was delayed as a result of the Covid-19 pandemic but was concluded in 2021.

The foodbank fund relates to grants received specifically for the operation of the community foodbank which is run at the Centre.

The Coffee with Confidence fund relates to grants received for our Coffee with Confidence project. As lockdown eases, the project aims to reintroduce services enabling community members who are desperately keen to return to a safe haven for guidance, coffee and social contact. An element of this project was delayed as a result of the Covid-19 pandemic but was concluded in 2021.

Moondance provided funding towards the initial stages of a planning application for a capital project to install a mezzanine floor to increase the floor area of the Centre. This was delayed until 2021.

Funding was received from the Welsh Government via the Economic Resilience Fund in order to continue the operation of the Foodbank during lockdown.

20. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Tangible fixed assets 22,420 – 22,420
Current assets 28,773 15,660 44,433
Creditors less than 1 year (1,591) – (1,591)
──────── ──────── ────────
Net assets 49,602 15,660 65,262
════════ ════════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2019
£ £ £
Tangible fixed assets 26,465 – 26,465
Current assets 33,619 1,638 35,257
Creditors less than 1 year (31,796) – (31,796)
──────── ─────── ────────
Net assets 28,288 1,638 29,926
════════ ═══════ ════════

17