Charity Number: 1156591
Bulldogs Boxing & Community Activities (The Bulldogs)
## Report and Unaudited Accounts
31 March 2024
## **Bulldogs Boxing & Community Activities (The Bulldogs) Report and accounts Contents**
||**Page**|
|---|---|
|Charity Information|1|
|Trustees' Report|2-4|
|Independent Examiner's Report on the Accounts|5|
|Statement of Financial Activities|6|
|Balance sheet|7|
|Notes to the Financial Statements|8-24|
## **Bulldogs Boxing & Community Activities (The Bulldogs) 2023/24 Annual Report**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Bulldogs Governing document has been adopted (April 2014 – Amended June 2015) from the Charities Commission Charitable Incorporated Organisation template (CIO Structure) who’s only voting members are it’s Charity Trustees.
## **Board of Trustees:**
Daniel Crossland (Chair) Mike Jones Stuart Phillips Clive Owen Ceri Thomas Matthew Herman
## **Management Group (Hands on management of Charity)**
Daniel Crossland Mike Jones Stuart Phillips Ceri Stilwell
**Bank:** Lloyds TSB Station Road Port Talbot SA13
> **Solicitor: Accountant:**
> DW Harris Solicitors **David Roberts Accountancy Services Ltd**
> Tommy O’Callaghan **Registered Office:**
> 158 Port Tennant Road **17 Brookside Close**
> Swansea **Baglan**
> SA1 8JQ **Port Talbot West Glamorgan**
**The Bulldogs Mission Statement** Fighting for a better future
## **We aim to achieve this by:**
To create a sustainable organisation enabling The Bulldogs to maximise its assets to give future generations within the community a chance to develop healthier lifestyles, nurturing and empowering individuals to make good life choices.
## **2023/24 Report of the Trustees**
The Trustees are pleased to present their report to accompany the financial statements of the charity for the year ended 31 March 2024. The legal and administrative information set out on page 1 forms part of this report.
The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities, issued in 2005.
The Charity was registered on 8th April 2014 (Number: 1156591) as Boxing Community Action, after due consideration as what the Charity provides, a name change was approved by The Trustees to Bulldogs Boxing & Community Activities known as ‘The Bulldogs’ in June 2015.
The charity is administered and controlled by the Board of Trustees who hold meetings every 3 months. The Memorandum and Articles of Association are the governing documents of the charity. Trustees are subject to fixed-term appointments as set out in the Memorandum and Articles of Association. The Board has appointed a paid Chief Executive who shall direct all operations, business planning, business administration, human resource management, finance and marketing of the Charities community vision.
1
## **Recruitment and Appointment of Trustees**
New Trustees are appointed by the serving Trustees. Their recruitment and appointment are fully discussed at meetings of the Trustees’ Board. During the year, the Trustees have, with the support of the Chief Executive, undergone a skills review to prepare for recruitment of new trustees.
An individual induction programme is in place and implemented for each new Trustee, covering all relevant aspects of the role and the Charity.
Trustees seek to ensure that all activities are within its agreed charitable objectives. The role of the Trustees includes setting strategic direction, agreeing the financial plan, approving grant-making applications and monitoring its grant activities. Matters reserved for the Trustees are approved by the Trustees and are subject to annual review.
Objects and principal activities of the charity
The charity’s objectives (“Objects”) are specifically restricted to the following:
1) The promotion of community participation in healthy recreation by the provision of facilities for amateur boxing in particular but not exclusively by using boxing and its techniques as a means of changing people’s social or economic circumstances in a positive way;
2) To preserve and protect good health by working with local health professionals and local groups to provide activities to help address good health and wellbeing; and
3) To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society by providing such physical or social activities as the trustees deem appropriate.
For the purpose of this clause ‘socially excluded’ means being excluded from society, or parts of society, as a result of one of more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards; crime (either as a victim of crime or as an offender rehabilitating into society) or their social or economic position within society.”
Boxing is a powerful tool for people whose lifestyles put them into brackets within multiple disadvantage and/or for those who want to improve their Well-being. The Bulldogs creates a sense of togetherness, belief and discipline providing a sense of self-worth and strong-will, creating transferable skills from within the ring and gym that can be translated into lifestyle decisions. It integrates boxing and the opportunity to ‘Train like a fighter without the fight’ - for those who want noncontact. For those who want to take up boxing, our partner organisation Port Talbot Amateur Boxing Club provides competition boxing from novice to international level.
## **Statement of Public Benefit**
Overall Statement of Public Benefit derived from The Bulldogs activities.
In setting our objectives and planning our activities, our Trustees have given careful consideration to the Charity
The Bulldogs is committed to enabling as many people from within Neath Port Talbot and the Swansea Bay Region as possible to benefit through its objects of the charity. To this end a varied and comprehensive programme of support is offered and is undertaken to be provided to all that request support living within Wales.
Detailed statement of public benefit derived from The Bulldogs Activities
2
## **The Bulldogs Community Development Programme consists of:**
To become an outstanding health & wellbeing centre
To support Veterans and their families adjusting to civilian life To support young people within the community across Neath Port Talbot To create sustainability within the Bulldogs
To create an outdoor activity programme, working in hard to reach locations within Neath Port Talbot.
## **Revenue**
In order to deliver The Bulldogs Community Developemnt Programme additional funding was secured from:
Neath Port Talbot Council for Voluntary Action
BBC Children in Need
The Armed Forces Covenant Trust Fund
Tudor Trust
Tesco Veterans Foundation Moondance Foundation Waterloo Foundation Community Foundation Neath Port Talbot County Borough Council UK Governemnt Welsh Government
## **Social Enterprise**
Social enterprise activities have grown at a steady rate over the year and has increased our unrestricted income.
## **Staff and Organisation Changes**
2023/24 has seen a consolidation in levels and organisational changes. Funding secured has enabled us to develop The Bulldogs Community Developemnt Programme delivery staff to provide additional activities. The Chief Executive Officer & Trustees continue to work on the foundations created for the future.
A Chief Executive strategically oversees all activities and is responsible for the bulk of income generated over the period.
- The Bulldogs Community Developemnt Programme Staff includes:
- Chief Executive
- Project Coordinator
- 2 Veterans First Point of Contact
- 3 Mentors/Gym Instructors
- 0.5 Administration & Finance Officer
## **Volunteers**
The Bulldogs would like to thank all our 20 Volunteers of whom we rely on for so many activities that we deliver. Without these dedicated individuals The Bulldogs would be a far lesser place. They continue to invest their time tirelessly and their dedication is faultless. We would like to take this opportunity to thank each and every one of you. These Volunteers add significant in-kind contributions towards the delivery of the Bulldogs Community Development Programme.
## **Risk Management and Reserves Policy**
The Trustees have continued to monitor major strategic, business and operational risks facing the charity. Systems are in place to assess risks with monthly reports to the Chair of The Trustee Board which enables them to take steps to lessen the risks.
Policies are in place and procedures observed in respect of health and safety of our staff, volunteers, and customers at our premises. These are updated annually by th Trustees and CEO. Staff re-read and sign to confirm they understand these policies yearly.
3
## **Financial Control**
Funding received by way of grants is specifically for the purpose of that outlined in the funding request. This is managed by a series of cost centres for each funding stream as well as cost centres for Bulldogs unrestricted activities. The income and expenditure account is maintained for each funding stream as well as for the whole of the Bulldogs. Bank and cash is reconciled on a weekly basis.
All policies are located at:
Bulldogs Development Centre, Fenbrock Close, Baglan Moors, Port Talbot SA12 7PA.
All necessary policies for employing staff are in place and these are to be reviewed annually. Two or more policies are reviewed at each board meeting. Each member of staff has been issued with an employee handbook which sets out personnel policies.
The Bulldogs have generated reserves which will contribute to ensuring core activities could continue during a period of unforeseen difficulty and a proportion of reserves be maintained in a readily realisable form. The calculation of the required level of reserves is an integral part of The Bulldogs planning, budget and forecast cycle. It takes into account the risks associated with each stream of income and expenditure being different from that budgeted, planned activity level and our commitments.
The trustees have taken into account
• Fluctuations in incoming resources, especially as the current very difficult economic environment looks likely to continue.
• As our public awareness is growing, the need to fund increases in demand from those who are not yet aware of the services that we provide
The team of staff, volunteers and Board members understand that The Bulldogs does not exist to raise money, but that fundraising efforts are to enable The Bulldogs to continue to deliver its vision of supporting those suffering from multiple deprivation and their families.
It is the policy of the charity to maintain available funds, the reserve, at a level no greater than 6 months operating costs including service provision. Funds are being generated to work towards this goal and to be maintained at this level.
Due to the nature of The Bulldogs predominant income stream being trust funds, contracts, fundraising and donations, the trustees have taken into account the risk factors associated with this. This policy will be reviewed annually by the Board of Trustees to ensure it meets the requirements of The Bulldogs planning process.
Trustees’ responsibilities in relation to the financial statements
Charities law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the date of the Balance Sheet and of its surplus or deficit for the financial period.
In doing so, the Trustees are required to:
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
## **This report has been prepared in accordance with the Charities Commission Law.**
## **Approved by the Board of Trustees on and signed on its behalf by:**
## **Date:**
**Mr Daniel Crossland Dated**
**Mr Stuart Phillips (Trustee) Dated**
4
## **Independent examiner's report on the accounts**
**Report to the trustees/ members of[Bulldogs Boxing & Community Activities (The Bulldogs)] Charity no On accounts for the year ended 31st March 2024 1156591 (if any)**
## **Set out on pages 6 to 26**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to: **Respective responsibilities of** examine the accounts under section 145 of the Charities Act, **trustees and examiner** to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. **Basis of independent examiner’s** It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees **statement** concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act; and **Independent examiner's statement** to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed: Date: Name: David William Roberts Relevant professional Bcom (Accounting) , A.C.A. (ICAEW) qualification(s) or body (if any): Address: David Roberts Accountancy Services Ltd 17 Brookside Close Baglan Port Talbot West Glamorgan SA12 8EN**
5
**==> picture [437 x 67] intentionally omitted <==**
**----- Start of picture text -----**
Bulldogs Boxing & Community
Charity No 1156591
Activities (The Bulldogs)
Annual accounts for the period
Period end
Period start date 01/04/2023 To 31/03/2024
date
**----- End of picture text -----**
## **Section A Statement of financial activities (including summary income and expenditure account)**
|Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 5)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
**_Total funds carried forward_**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the
charity’s own use
**_Net movement in funds_**
Total funds brought forward
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
Other trading activities
Investments
Separate material item of income
Other
**_Total_**
Raising funds
Charitable activities
Separate material expense item
Other
**_Total_**
**Net income/(expenditure) before tax for**
**the reporting period**
Charitable activities
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
Donations and legacies|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
27,490
223,232
-
250,722
284,356
-
-
-
-
-
58,234
-
-
58,234
53,726
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||85,724
223,232
-
308,956
338,082|
||-
-
-
-
-
37,173
210,647
-
247,820
259,860
-
-
7,207
14,991
-
22,198
21,790|
||44,380
225,638
-
270,018
281,650|
|||
||41,344
2,406
-
-
38,938
56,432|
||-
-
-
-
-|
||41,344
2,406
-
-
38,938
56,432|
||-
-
-
-
-|
||41,344
2,406
-
-
38,938
56,432|
||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||41,344
2,406
-
-
38,938
56,432|
||42,043
455,919
-
497,962
441,530|
||83,387
453,513
-
536,900
497,962|
6
|**Bulldogs Boxing & Community**
**Activities (The Bulldogs)**|**Bulldogs Boxing & Community**
**Activities (The Bulldogs)**|**Bulldogs Boxing & Community**
**Activities (The Bulldogs)**|Charity No
**1156591**|Charity No
**1156591**|
|---|---|---|---|---|
|
**Section B Balance**|
**sheet**||||
|Guidance Note
**Fixed assets**
**Intangible assets**
B01
**Tangible assets (Note 8)**
B02
**Heritage assets**
B03
**Investments**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 9)**
B06
**Debtors (Note 10)**
B07
**Investments**
B08
**Cash at bank and in hand (Note 12)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 11)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 11)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds**
B17
**Restricted income funds**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22|**Unrestricted**
**funds**
**£**
F01
-
-
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
545,934
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
-
-
545,934
-
-
- -|**Total last**
**year**
**£**
F05|
|||||-
203,362
-
-|
||-|545,934|-
545,934|203,362|
||50
1,355
-
58,851|-
-
-
-|-
50
- 1,355
-
-
- 58,851||
|||||50
4,071
-
283,765|
||60,256|-|-
60,256|287,886|
|||||6,714
-|
||- 23,131|92,421|- 69,290||
||||||
||83,387|- 92,421|- - 9,034|294,600|
||||||
||83,387|453,513|**-**
536,900|497,962|
|||||-
-|
||-
-|-
-|- -
-
-||
||||||
||83,387|453,513|- 536,900|497,962|
||-
83,387|453,513|-
453,513
- 83,387
-|-
455,919
42,043|
||83,387|453,513|-
536,900|497,962|
_**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_
_**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_
_**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_
|Signed by one or two trustees/directors on behalf of all the
trustees/directors|Date of
approval
dd/mm/yyyy
Print Name|
|---|---|
7
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support the conclusion that the charity is a _**Not applicable**_ going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; _**Not applicable**_ Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees _**Not applicable**_ prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* * -Tick as appropriate No*
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of the change in accounting policy;_**|**Not applicable**|
|**_(ii) the reasons why applying the new accounting policy_**||
|**_provides more reliable and more relevant information;_**|**Not applicable**|
|**_and_**||
8
_**(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_
**==> picture [61 x 9] intentionally omitted <==**
**----- Start of picture text -----**
Not applicable
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
**==> picture [498 x 31] intentionally omitted <==**
**----- Start of picture text -----**
Yes*
* -Tick as appropriate
No*
**----- End of picture text -----**
## _**Please disclose:**_
**==> picture [499 x 160] intentionally omitted <==**
**----- Start of picture text -----**
(i) the nature of any changes; Not applicable
(ii) the effect of the change on income and expense or
Not applicable
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
Not applicable
**----- End of picture text -----**
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
**==> picture [499 x 246] intentionally omitted <==**
**----- Start of picture text -----**
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the prior period error; Not applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
Not applicable
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.
Not applicable
**----- End of picture text -----**
9
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.1 INCOME**
**==> picture [465 x 672] intentionally omitted <==**
**----- Start of picture text -----**
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and Yes No N/a
the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required
Offsetting
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS 102 SORP). Yes No N/a
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets Yes No N/a
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that Yes No N/a
donations and gifts gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
Contractual income and
performance related This is only included in the SoFA once the charity has provided the related goods or Yes No N/a
services or met the performance related conditions.
grants
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to
Yes No N/a
be the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
Yes No N/a
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets Yes No N/a
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations Yes No N/a
when receivable.
Donated services and Donated services and facilities are included in the SOFA when received at the value of Yes No N/a
facilities the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Yes No N/a
Support costs The charity has incurred expenditure on support costs.
The value of any voluntary help received is not included in the accounts but is
Volunteer help
described in the trustees’ annual report.
Income from interest, This is included in the accounts when receipt is probable and the amount receivable Yes No N/a
royalties and dividends can be measured reliably.
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations Yes No N/a
subscriptions and Legacies.
Membership subscriptions which gives a member the right to buy services or other Yes No N/a
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**----- End of picture text -----**
10
|**Grants with performance**
**conditions**
**2.3 ASSETS**
**Heritage assets**
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other
income in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**2.2 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
**Tangible fixed assets for**
**use by charity**
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
**Intangible fixed assets**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in
note 15
They are valued at cost.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs
11.17 to 11.19, FRS 102 SORP.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot
be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity.
Subsequently, they are measured at the cash or other consideration expected to be received.|
|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|---|
||||
11
**Current asset investments**
## **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
**==> picture [378 x 419] intentionally omitted <==**
**----- Start of picture text -----**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and Yes No N/a
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
**----- End of picture text -----**
12
## **Section C Notes to the accounts (cont)**
## **Note 3 Income**
**==> picture [412 x 670] intentionally omitted <==**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 21,353 - 21,353 11,009
and legacies: Gift Aid 396 - - 396 81
Legacies - - - - -
General grants provided by government/other
charities 5,741 223,232 - 228,973 273,266
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - - -
Total 27,490 223,232 - 250,722 284,356
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
Show Income - - - - -
Income From Classes - - - - -
Fitness 11,479 - - 11,479 16,932
Consultancy - - - - -
Room Hire 30,077 - - 30,077 30,195
Sundry Income 10,321 - - 10,321 1,871
Minibus Income 2,478 - - 2,478 4,657
Membership - - - - -
Referrals - - - - -
MOD - - - - -
Other - - - - -
Sales 3,879 - - 3,879 71
Budgeting Work provided - - - - -
Solar - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
Total 58,234 - - 58,234 53,726
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset
held for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 85,724 223,232 - 308,956 338,082
**----- End of picture text -----**
13
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants_**
**_that have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|Neath Port Talbot CBC Grants
Welsh Government
**Total**
**Description**|**This year**
**Last year**
**£**
**£**
85,347 16,812
- 204,600
-
-
-
-|
|---|---|---|
|||85,347 221,412|
||||
14
**Section C Notes to the accounts (cont)**
## **Note 5 Expenditure**
**==> picture [340 x 673] intentionally omitted <==**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
Analysis of expenditure funds funds funds Total funds Prior year
£ £
Expenditure on Incurred seeking donations - - - - -
raising funds: Incurred seeking legacies - - - - -
Incurred seeking grants
Operating membership schemes
and social lotteries
Staging fundraising events
Fundraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable trading
activity
Advertising, marketing, direct mail
and publicity - - - - -
Start up costs incurred in
generating new source of future iDatabase development costs - - - - - - - - - -
Other trading activities
Investment management costs: - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice
- - - - -
Investment administration costs
- - - - -
Intellectual property licencing costs
- - - - -
Rent collection, property repairs
and maintenance charges - - - - -
- - - - -
Total expenditure on raising
funds - - - - -
Expenditure on Staff Costs 1,026 166,768 - 167,794 189,125
charitable Rent
activities - 16,000 - 16,000 19,100
Consumables
6,530 4,331 - 10,861 9,906
IT Costs 432 - - 432 930
Fuel - - - - -
Clothing - - - - -
Sponsorship - - - - -
Travel 1,733 4,025 - 5,758 10,463
Stationery 1,203 459 - 1,662 1,661
Training 1,399 1,202 - 2,601 1,372
Equipment 2,115 837 - 2,952 5,520
Maintenance 4,447 150 - 4,597 6,221
Sundry Expenditure 9,704 12,546 - 22,250 11,208
Subscriptions 7,658 210 - 7,868 2,182
Activities 926 4,119 - 5,045 2,172
- - - - -
- - - - -
Total expenditure on charitable
37,173 210,647 - 247,820 259,860
activities
Separate material item of expense - - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Other Insurance 4,047 - - 4,047 3,380
Show Expenses - - - - -
Utilities 2,584 - - 2,584 2,038
Depreciation 14,779 - 14,779 16,309
Sundry - - - -
Advertising 576 212 - 788 63
- - - - -
Total other expenditure 7,207 14,991 - 22,198 21,790
TOTAL EXPENDITURE 44,380 225,638 - 270,018 281,650
**----- End of picture text -----**
15
**Section C Notes to the accounts**
## **Note 6 Details of certain types of expenditure**
## **Note 6 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Independent examiner’s fees**
**Assurance services other than independent examination**
**Tax advisory fees**
**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**|**This year**
**Last year**
**£**
**£**
100
100
700
600|
|---|---|
16
**Section C Notes to the accounts (cont)**
## **Note 7 Paid employees**
_**Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)**_
## **7.1 Staff Costs**
|**king for the**
**related party**
**Total staff costs**|**This year**
**Last year**
**£**
**£**
163,814 183,087
1,137 3,195
2,843 2,843
- -|
|---|---|
||167,794 189,125|
||n/a|
**Salaries and wages Social security costs Pension costs Other employee benefits**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
|**Band**|**Number of employees**|
|---|---|
|**£60,000 to £69,999**|0|
|**£70,000 to £79,999**|0|
|**£80,000 to £89,999**|0|
|**£90,000 to £99,999**|0|
|**£100,000 to £109,999**|0|
|||
|||
|||
**Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.**
## **7.2 Average head count in the year**
**The parts of the charity in which the employees work**
|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**|**This year**
**Last year**
**Number**
**Number**
- -
8 8
- -
- -|
|---|---|
||8 8|
17
## **Section C Notes to the accounts (cont**
## **Note 8 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
## **8.1 Cost or valuation**
|At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the
beginning of the year
Net book value at the
end of the year
**8.2 Depreciation and**
**8.3 Net book value**|**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery and**
**motor vehicles**
**Fixtures,**
**fittings and**
**equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
- 217,206 15,300 62,513 295,019
- 357,351 - - 357,351
- - - - -
- - - - -
- - - - -|
|---|---|
||- 574,557 15,300 62,513 652,370|
||SL
SL
SL
SL
SL
20%
- 26,065 13,770 51,822 91,657
- - - - -
- 4,344 1,530 8,905 14,779
- - - - -
- - - - -
**impairments**|
||- 30,409 15,300 60,727 106,436|
|||
||- 191,141 1,530 10,691 203,362
- 544,148 - 1,786 545,934|
18
**Section C Notes to the accounts (cont)**
## **Note 9 Stocks**
## _**Please complete this note if the charity holds any stock items**_
## **9.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**activities.**||
|---|---|
|**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
- 50 - - -
- - - - -
- - - - -
- - - - -
**- 50 - - -**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
**Stock**
**Donated goods**
**Work in**
**progress**|
||- 50 - - -|
||- 50 - - -|
**9.2 Please specify the carrying amount of any stocks pledged as security for liabilities**
n/a
19
## **Section C Notes to the accounts (cont)**
## **Note 10 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
## **10.1 Analysis of debtors**
|**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**Last year**
**£**
**£**
5 2,721
- -
1,350 1,350
1,355 4,071|
|---|---|
## _**Complete 10.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **10.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)**
|**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
20
## **Section C Notes to the accounts (cont)**
## **Note 11 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **11.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts**
**or performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
- - - -
- - - -
- 3,019 - 4,653 - -
- - - -
71,609 - 2,761 - -
- - - -
700 700 - -
69,290 - 6,714
- -
**Amounts falling due**
**within one year**
**Amounts falling due after**
**more than one year**|
|---|---|
21
## **Section C Notes to the accounts (cont)**
**Note 12 Cash at bank and in hand**
|**Other**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at bank and on hand**|**This year**
**Last year**
**£**
**£**
- -
- -
58,851 283,765
- -
58,851 283,765|
|---|---|
22
## **Section C Notes to the accounts (cont)**
## **Note 13 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **13.1 Trustee remuneration and benefits**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**_Where an ex gratia payment has been made to a trustee,_**
**_provide an explanation of the nature of the payment._**
**_If a third party has been reimbursed for providing one or_**
**_more trustees, state the nature of the payment and_**
**_amount of the reimbursement._**
**_State the number of trustees to whom retirement benefits_**
**_are accruing under a defined contribution pension_**
**_scheme._**
**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**
**_Please give details of why remuneration or other_**
**_employment benefits were paid._**|**Last year**
**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
**£**
**Amounts paid or benefit value**
**This year**|
|---|---|
## **13.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
||**Type of expenses reimbursed**||**This year**|**Last year**|
|---|---|---|---|---|
||||**£**|**£**|
|**Travel**|||||
|**Subsistence**|||||
|**Accommodation**|||||
|**Other (please specify):**|||||
||||||
|||**TOTAL**|||
23
## **Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
## **13.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **There have been no related party transactions in the reporting period (True or False)**
|**Name of the trustee**
**or related party**
**Relationship**
**to charity**
**Description of the**
**transaction(s)**
**_In relation to the transactions above, please provide the_**
**_terms and conditions, including any security and the_**
**_nature of any payment (consideration) to be provided in_**
**_settlement._**
**_For any related party, please provide details of any_**
**_guarantees given or received._**|**Amount**
**Balance at**
**period end**
**Amounts**
**written off**
**during**
**reporting**
**period**
**£**
**£**
**£**
**Provision for bad**
**debts at period end**
**£**|
|---|---|
24