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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1160272

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

MAINDEE UNLIMITED

Arthur Gait & Company Chartered Accountants

18 Gold Tops Newport South Wales NP20 5WJ

MAINDEE UNLIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 17
Detailed Statement of Financial Activities 18 to 19

MAINDEE UNLIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are the promotion for the benefit of the public of urban or rural regeneration in areas of social and economic deprivation (and in particular in Newport East) by all or any of the following means:

(a) the relief of financial hardship:

(b) the relief of unemployment:

(c) the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience:

(d) the provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help: (i) in setting up their own business, or (ii) to existing businesses:

(e) the creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms:

(f) the maintenance, improvement or provision of public amenities:

(g) the preservation of buildings or sites of historic or architectural importance:

(h) the provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities:

(i) the protection or conservation of the environment:

(j) the provision of public health facilities and childcare:

(k) the promotion of public safety and prevention of crime:

(l) the maintenance, improvement or provision of public amenities in the vicinity of a landfill site:

(m) such other means as may from time to time be determined subject to the prior written consent of the Charity Commissioners for England and Wales.

Public benefit

The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's guidance on public benefit. The aim of the charity is to maximise the following benefits to the community of Maindee and its environment within available resources:

Volunteers

Week to week management of the library is undertaken by our impressive team of volunteers. Their commitment and diverse skills keep our costs to a minimum without any loss of quality and the charity is most grateful to them for all their hard work.

Page 1

MAINDEE UNLIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity's 2020/21 activities were shaped by the pandemic. The library closed on 16th March 2020 with all user group sessions cancelled. Some groups did restart in the Autumn of 2020, but the overall level of library activity throughout the year was a fraction of what it had been. The library has now reopened for public use, with new measures to reduce the risk of cross infection and on a reduced timetable.

Monthly Management Board meetings moved online as we all got used to video conferencing. We published and distributed two door to door newsletters. The Greening Maindee team were also able to maintain existing areas of plantings and develop new garden areas, such as the impressive gravel and shrub plantings along the walkway by Maindee Primary School and the creation of raised beds, an orchard plus shrub planting at Eveswell Community Centre. Angela Strickland kept our Food for Life project on track. We are most grateful to Angela for her excellent promotion of community food growing over the last 18 months.

With the support of schools and other local partners, the charity was instrumental in setting up "Donate IT Wales", a scheme for people to donate pre-loved laptops and tablets for reuse by children having home schooling during lockdown. Over 400 devices were distributed and over £5,000 collected in donations.

FINANCIAL REVIEW

Financial position

The accounts for this period of financial activity show total income of £270,977, of which £232,685 is restricted and total expenditure of £57,325, of which £24,347 is restricted. A single payment of £204,177 for the Maindee Triangle project from the Welsh Government Community Facilities Programme dominated the income figures and accounts for the large carry forward balance of cash at bank of £256,852 at the year end date. At 31st March 2021 the charity had total funds of £255,808, of which £224,406 are restricted compared to total funds of £42,156 at 31st March 2020, of which £14,553 were restricted.

Although income from library space rental all but ceased as a result of lockdown, Covid grants from Welsh Government and Newport City Council were a great help at a potentially difficult time. The £4,000 grant from The Moondance Foundation towards the set up costs of our "Donate IT Wales" campaign was generous and unexpected.

Trustees routinely discuss finance at their monthly meetings. Each quarter a more detailed financial meeting is held as part of the management meeting.

Reserves policy

We have identified reserves of £20,000, of which £10,000 is for capital expenditure.

In line with our Reserves Policy, the charity will agree maximum and minimum levels for reserves at our Annual General Meeting. The Treasurer will be responsible for proposing levels, based on the income and expenditure levels of the charity at that time and other relevant factors.

The current target reserve levels are £5,000 (min) and £25,000 (max). Any designated funds will only be used for legitimate purposes and not to artificially reduce reserve levels.

Page 2

MAINDEE UNLIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FUTURE PLANS

The shortage of green spaces and tree cover, together with 1:100 flood risk and poor air quality, are local environmental challenges. The charity's Greening Maindee programme has improved many neglected green spaces and this work will continue. We will be seeking new funds to plan and deliver a significant increase in tree cover and sustainable urban drainage. A large gable-end mural on Corporation Road at the entrance to the school walkway is being painted by Andy O'Rourke in 2021/22 as part of the programme.

Building work on the redevelopment of Maindee Triangle will finish in 2021/22 and the charity is now finalising the sub-lease arrangements for the café operator. The charity is now planning a programme of outdoor markets and other events on The Triangle for 2022.

During 2021/22 we have piloted street play sessions in partnership with Play Wales. Our aim is now to further develop street play until it becomes a routine and regular experience for local children.

In Autumn 2021 we began planning the introduction of a community fridge and pantry in the library. This new service, which aims to reduce food waste by recycling surplus food stocks, should be up and running in early 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Maindee Unlimited is a Charitable Incorporated Organisation (CIO) inaugurated on 1st October 2014 and registered as a CIO with the Charities Commission on 2nd February 2015. The charity was formed under a constitution which established its objects and powers. Under the terms of the constitution the trustees have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

Recruitment and appointment of new trustees

At each annual general meeting of the members of the CIO, one-third of the elected charity trustees shall retire from office. If the number of elected charity trustees is not three or a multiple of three, then the number nearest to one-third shall retire from office, but if there is only one charity trustee, he or she shall retire. The minimum number of trustees is three and the maximum number allowed is twelve. There are currently ten trustees so four shall retire from office at the 2021 AGM. Retiring trustees may stand for re-election.

Induction and training of new trustees

Five of our existing trustees are familiar with the work of the charity having been involved from the outset in setting up the charity.

New trustees are invited to attend a session to familiarise themselves with the charity and the context in which it operates. Each trustee is provided with the latest Charity Commission guidance on becoming and undertaking the trustee role.

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 trustees will develop a risk management strategy which will comprise:

The main risk identified in 2020-21 was the ability of the charity to raise sufficient finance to meet essential overhead costs and the ever-present risk of Covid infection.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1160272

Page 3

MAINDEE UNLIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Principal address

Llyfrgell Maindee Library 79 Chepstow Road Newport NP19 8BY

Trustees

David Moses (Chairman) Angela Lloyd (Vice Chair) Alison Starling (Treasurer) Joanne Sutton (Secretary) Deb Davies Majid Rahman John Stone Maggie Bain Habiba Badat (resigned 7.12.20) Sarah Brown (resigned 1.6.20) Meredith Freeman (resigned 1.6.20) Trish Johns (appointed 4.1.21) Rachel Stubley (appointed 4.1.21) Harpreet Dhatt

Independent Examiner

Christine Pritchard FCA Institute of Chartered Accountants in England and Wales Arthur Gait & Company Chartered Accountants 18 Gold Tops Newport South Wales NP20 5WJ

The trustees are grateful to the following people for their contribution to the successful running of the charity during the year:

John Hallam (Programme Manager) Sheena Bennett (Project Administrator and Bookkeeper)

Approved by order of the board of trustees on 30 October 2021 and signed on its behalf by:

David Moses - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAINDEE UNLIMITED

Independent examiner's report to the trustees of Maindee Unlimited

I report to the charity trustees on my examination of the accounts of Maindee Unlimited (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

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

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

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 Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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.

Christine Pritchard FCA Institute of Chartered Accountants in England and Wales Arthur Gait & Company Chartered Accountants 18 Gold Tops Newport South Wales NP20 5WJ

15 November 2021

Page 5

MAINDEE UNLIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
30,040
Charitable activities
4
Llyfrgell Maindee Library
8,245
Maindee Gateway
-
Food For Life
-
The Triangle
-
Greening Maindee - Eveswell Community Centre
Project
-
Donate IT Wales
-
Greening Maindee - Halstead Street Pocket Park
Project
-
Other trading activities
3
7
Total
38,292
EXPENDITURE ON
Charitable activities
5
Llyfrgell Maindee Library
32,235
Maindee Gateway
-
Food For Life
-
The Triangle
-
Greening Maindee - Eveswell Community Centre
Project
-
Greening Maindee - Boat Project
743
Donate IT Wales
-
Greening Maindee - Halstead Street Pocket Park
Project
-
Total
32,978
NET INCOME
5,314
Transfers between funds
12
(1,515)
Net movement in funds
3,799
RECONCILIATION OF FUNDS
Total funds brought forward
27,603
TOTAL FUNDS CARRIED FORWARD
31,402		 Restricted
funds
£
8,674
-
793
5,000
205,655
2,670
4,000
5,893
-
232,685
-
-
3,345
16,974
374
51
3,588
15
24,347
208,338
1,515
209,853
14,553
224,406		 31.3.21
Total
funds
£
38,714
8,245
793
5,000
205,655
2,670
4,000
5,893
7
270,977
32,235
-
3,345
16,974
374
794
3,588
15
57,325
213,652
-
213,652
42,156
255,808		 31.3.20
Total
funds
£
558
44,517
2,380
5,000
8,882
-
-
-
1,465
62,802
26,425
5,232
-
22,431
-
-
-
-
54,088
8,714
-
8,714
33,442
42,156

The notes form part of these financial statements

Page 6

MAINDEE UNLIMITED

BALANCE SHEET 31 MARCH 2021

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
10
-
Cash at bank and in hand
38,839
38,839
CREDITORS
Amounts falling due within one year
11
(7,437)
NET CURRENT ASSETS
31,402
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,402
NET ASSETS
31,402
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
6,893
218,013
224,906
(500)
224,406
224,406
224,406		 31.3.21
Total
funds
£
6,893
256,852
263,745
(7,937)
255,808
255,808
255,808
31,402
224,406
255,808		 31.3.20
Total
funds
£
14,017
30,166
44,183
(2,027)
42,156
42,156
42,156
27,603
14,553
42,156

The financial statements were approved by the Board of Trustees and authorised for issue on 30 October 2021 and were signed on its behalf by:

David Moses - Trustee

The notes form part of these financial statements

Page 7

MAINDEE UNLIMITED

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Going concern

The trustees have assessed the charity's ability to continue as a going concern. In making this assessment the trustees have considered several factors when forming their conclusions including a review of budgets and a consideration of key risks, including the impact of COVID-19.

The trustees are satisfied that despite the Coronavirus pandemic, it is appropriate for the charity's financial statements to be prepared on a going concern basis.

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.

The following specific policies apply to categories of income:

Donations and legacies

Donations and legacies income includes donations, gifts and grants that provide core funding or are of a general nature and is recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Income from charitable activities

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. This income is recognised as the related services are provided and there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Income is deferred when the amounts are received in advance of the performance of the service or event to which they relate.

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 payable

Grants payable are payments made to third parties, in furtherance of the charitable objectives of the funds held on trust. Grant payments are recognised as expenditure when the conditions for their payment have been met or where there is a constructive obligation to make a payment.

A constructive obligation arises when:

continued...

Page 8

MAINDEE UNLIMITED

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

1. ACCOUNTING POLICIES - continued

Expenditure

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.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Allocation and apportionment of costs

Support costs are those costs which do not relate directly to a single activity and do not themselves produce or constitute the output of the charitable activity. This includes governance costs which are those associated with meeting the constitutional and statutory requirements of the charity. These costs include the fees of the independent examiner, bank charges and administration salaries which have been apportioned to charitable activities on an appropriate basis.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

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

Designated funds are unrestricted funds earmarked by the trustees for particular purposes in the future.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at the present value of future cash flows (amortised cost). Financial assets held at amortised cost comprise cash at bank and in hand and the charity’s debtors, excluding prepayments. Financial liabilities held at amortised cost comprise the charity’s short term creditors excluding deferred income and taxation payable. No discounting has been applied to these financial instruments on the basis that the periods over which amounts will be settled are such that any discounting would be immaterial.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
31.3.21 31.3.20
£ £
Donations 7,429 558
Grants 31,285 -
38,714 558

continued...

Page 9

MAINDEE UNLIMITED

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

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Welsh Government - Wales Cultural Recovery Fund
Newport City Council - Non-Domestic Rates Grants
Newport City Council - Small Charity Grant (Covid-19)
Coronavirus Job Retention Scheme
Asda Foundation
Maindee Festival Association
Pobl Group
OTHER TRADING ACTIVITIES
Trading income
INCOME FROM CHARITABLE ACTIVITIES
Llyfrgell
Maindee
Library
£
Rental income
4,335
Café income
3
Printer income
168
Other income
99
Grants
3,640
8,245
Greening
Maindee -
Eveswell
Community
Centre
Donate IT
Project
Wales
£
£
Rental income
-
-
Café income
-
-
Printer income
-
-
Other income
-
-
Grants
2,670
4,000
2,670
4,000		 Maindee
Gateway
£
-
-
-
-
793
793
Greening
Maindee -
Halstead
Street
Pocket
Park
Project
£
-
-
-
-
5,893
5,893		 31.3.21
£
4,000
13,000
10,000
2,585
200
500
1,000
31,285
31.3.21
£
7
Food For
Life
£
-
-
-
-
5,000
5,000
31.3.21
Total
activities
£
4,335
3
168
759
226,991
232,256		 31.3.20
£
-
-
-
-
-
-
-
-
31.3.20
£
1,465
The
Triangle
£
-
-
-
660
204,995
205,655
31.3.20
Total
activities
£
18,102
726
1,295
1,647
39,009
60,779

3. OTHER TRADING ACTIVITIES

4. INCOME FROM CHARITABLE ACTIVITIES

continued...

Page 10

MAINDEE UNLIMITED

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

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Grants received, included in the above, are as follows:

INCOME FROM CHARITABLE ACTIVITIES - continued
Grants received, included in the above, are as follows:
Peoples Health Trust
Landfill Tax Fund
Food For Life (Soil Ass)
Millennium Stadium Charitable Trust
Newport City Council - Maindee Triangle Rainwater Harvesting System
Moondance Foundation
TOC H
Welsh Government - Community Facilities Programme
Newport City Council - Maindee Triangle Storage Shed and Bike Shed
Newport City Council - Halstead Street Pocket Park Project		 31.3.21
£
793
2,000
5,000
1,640
818
4,000
2,670
204,177
-
5,893
226,991		 31.3.20
£
2,380
22,747
5,000
-
3,382
-
-
-
5,500
-
39,009

5. CHARITABLE ACTIVITIES COSTS

Llyfrgell Maindee Library
Food For Life
The Triangle
Greening Maindee - Eveswell
Community Centre Project
Greening Maindee - Boat Project
Donate IT Wales
Greening Maindee - Halstead Street
Pocket Park Project
GRANTS PAYABLE
Llyfrgell Maindee Library
Donate IT Wales
The total grants paid to institutions during the year w
Lliswerry Primary School
Maindee Primary School
Malpas Court Primary School
Medrau Maindee Makers		 Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
6)
note 7)
Totals
£
£
£
£
14,631
5,000
12,604
32,235
3,345
-
-
3,345
16,974
-
-
16,974
374
-
-
374
794
-
-
794
2,059
1,500
29
3,588
15
-
-
15
38,192
6,500
12,633
57,325
31.3.21
31.3.20
£
£
5,000
-
1,500
-
6,500
-
as as follows:
31.3.21
31.3.20
£
£
500
-
500
-
500
-
5,000
-
6,500
-		 Totals
£
32,235
3,345
16,974
374
794
3,588
15		 Totals
£
32,235
3,345
16,974
374
794
3,588
15
57,325
-

6. GRANTS PAYABLE

continued...

Page 11

MAINDEE UNLIMITED

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

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Llyfrgell Maindee Library 10,091 113 2,400 12,604
Donate IT Wales - 29 - 29
10,091 142 2,400 12,633
Support costs, included in the above, are as follows:
31.3.21 31.3.20
Llyfrgell
Maindee Donate IT Total Total
Library Wales activities activities
£ £ £ £
Admin salary 10,091 - 10,091 10,344
Bank charges 113 29 142 143
Accountancy and independent examiner's
fees 2,400 - 2,400 540
12,604 29 12,633 11,027

8. 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.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
558
-
Charitable activities
Llyfrgell Maindee Library
44,517
-
Maindee Gateway
-
2,380
Food For Life
-
5,000
The Triangle
-
8,882
Other trading activities
1,465
-
Total
46,540
16,262
EXPENDITURE ON
Charitable activities
Llyfrgell Maindee Library
26,425
-
Maindee Gateway
-
5,232
The Triangle
22,431
-
Total
48,856
5,232		 Total
funds
£
558
44,517
2,380
5,000
8,882
1,465
62,802
26,425
5,232
22,431
54,088

continued...

Page 12

MAINDEE UNLIMITED

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

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
NET INCOME/(EXPENDITURE) (2,316) 11,030 8,714
RECONCILIATION OF FUNDS
Total funds brought forward 29,919 3,523 33,442
TOTAL FUNDS CARRIED FORWARD 27,603 14,553 42,156
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Trade debtors - 4,915
Other debtors 6,893 9,102
6,893 14,017
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Trade creditors 37 1,161
Other creditors - 64
Grants payable 5,500 -
Accruals and deferred income 2,400 802
7,937 2,027

continued...

Page 13

MAINDEE UNLIMITED

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

12. MOVEMENT IN FUNDS

Unrestricted funds
Lyfrgell Maindee Library
Special reserve
Restricted funds
Food For Life (Soil Association)
The Triangle
Greening Maindee - Eveswell Community
Centre Project
Greening Maindee - Boat Project
Donate IT Wales
Greening Maindee - Halstead Street Pocket
Park Project
Greening Maindee - Mural Project
Maindee Gateway
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
Lyfrgell Maindee Library
Restricted funds
Food For Life (Soil Association)
The Triangle
Greening Maindee - Eveswell Community
Centre Project
Greening Maindee - Boat Project
Donate IT Wales
Greening Maindee - Halstead Street Pocket
Park Project
Greening Maindee - Mural Project
Maindee Gateway
TOTAL FUNDS		 At 1.4.20
£
7,603
20,000
27,603
5,000
8,882
-
-
-
-
-
671
14,553
42,156
s follows:		 Net
movement
in funds
£
5,314
-
5,314
1,655
188,681
2,296
499
8,036
5,878
500
793
208,338
213,652
Incoming
resources
£
38,292
5,000
205,655
2,670
550
11,624
5,893
500
793
232,685
270,977		 Transfers
between
At
funds
31.3.21
£
£
(1,515)
11,402
-
20,000
(1,515)
31,402
-
6,655
-
197,563
-
2,296
500
999
500
8,536
15
5,893
500
1,000
-
1,464
1,515
224,406
-
255,808
Resources
Movement
expended
in funds
£
£
(32,978)
5,314
(3,345)
1,655
(16,974)
188,681
(374)
2,296
(51)
499
(3,588)
8,036
(15)
5,878
-
500
-
793
(24,347)
208,338
(57,325)
213,652

continued...

Page 14

MAINDEE UNLIMITED

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

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.20
£ £ £ £
Unrestricted funds
Lyfrgell Maindee Library 29,919 (2,316) (20,000) 7,603
Special reserve - - 20,000 20,000
29,919 (2,316) - 27,603
Restricted funds
Food For Life (Soil Association) - 5,000 - 5,000
The Triangle - 8,882 - 8,882
Maindee Gateway 3,523 (2,852) - 671
3,523 11,030 - 14,553
TOTAL FUNDS 33,442 8,714 - 42,156
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Lyfrgell Maindee Library 46,540 (48,856) (2,316)
Restricted funds
Food For Life (Soil Association) 5,000 - 5,000
The Triangle 8,882 - 8,882
Maindee Gateway 2,380 (5,232) (2,852)
16,262 (5,232) 11,030
TOTAL FUNDS 62,802 (54,088) 8,714

continued...

Page 15

MAINDEE UNLIMITED

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

12. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
Lyfrgell Maindee Library
Special reserve
Restricted funds
Food For Life (Soil Association)
The Triangle
Greening Maindee - Eveswell Community
Centre Project
Greening Maindee - Boat Project
Donate IT Wales
Greening Maindee - Halstead Street Pocket
Park Project
Greening Maindee - Mural Project
Maindee Gateway
TOTAL FUNDS		 At 1.4.19
£
29,919
-
29,919
-
-
-
-
-
-
-
3,523
3,523
33,442		 Net
movement
in funds
£
2,998
-
2,998
6,655
197,563
2,296
499
8,036
5,878
500
(2,059)
219,368
222,366		 Transfers
between
funds
£
(21,515)
20,000
(1,515)
-
-
-
500
500
15
500
-
1,515
-		 At
31.3.21
£
11,402
20,000
31,402
6,655
197,563
2,296
999
8,536
5,893
1,000
1,464
224,406
255,808

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

Unrestricted funds
Lyfrgell Maindee Library
Restricted funds
Food For Life (Soil Association)
The Triangle
Greening Maindee - Eveswell Community
Centre Project
Greening Maindee - Boat Project
Donate IT Wales
Greening Maindee - Halstead Street Pocket
Park Project
Greening Maindee - Mural Project
Maindee Gateway
TOTAL FUNDS		 Incoming
resources
£
84,832
10,000
214,537
2,670
550
11,624
5,893
500
3,173
248,947
333,779		 Resources
Movement
expended
in funds
£
£
(81,834)
2,998
(3,345)
6,655
(16,974)
197,563
(374)
2,296
(51)
499
(3,588)
8,036
(15)
5,878
-
500
(5,232)
(2,059)
(29,579)
219,368
(111,413)
222,366		 Resources
Movement
expended
in funds
£
£
(81,834)
2,998
(3,345)
6,655
(16,974)
197,563
(374)
2,296
(51)
499
(3,588)
8,036
(15)
5,878
-
500
(5,232)
(2,059)
(29,579)
219,368
(111,413)
222,366
219,368
222,366

The Food For Life fund is restricted to a project bringing Food For Life cooking and eating group meetings to Maindee Library.

continued...

Page 16

MAINDEE UNLIMITED

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

12. MOVEMENT IN FUNDS - continued

The Triangle fund is restricted to a project that is developing Maindee Triangle, a rare green space and community facility in the heart of the Maindee community.

The Greening Maindee funds are restricted to various projects that are greening and improving areas of Maindee, particularly those areas that are neglected.

The Donate IT fund is restricted to a project that is developing a solution around online access issues for primary age children, their families and teachers.

13. RELATED PARTY DISCLOSURES

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

Page 17

MAINDEE UNLIMITED

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

31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 7,429 558
Grants 31,285 -
38,714 558
Other trading activities
Trading income 7 1,465
Charitable activities
Rental income 4,335 18,102
Café income 3 726
Printer income 168 1,295
Other income 759 1,647
Grants 226,991 39,009
232,256 60,779
Total incoming resources 270,977 62,802
EXPENDITURE
Charitable activities
Food For Life Project - wages 2,712 -
Water and sewerage 282 311
Insurance 1,116 1,038
Electricity 664 1,792
Telephone, internet and postage 747 655
Marketing and printing - 84
Maindee Gateway - project costs - 5,232
Waste management - 116
Gas 1,405 4,475
Printer costs 139 1,454
Stationery and consumables 538 156
Business rates 888 873
Repairs, cleaning supplies and miscellaneous 398 1,455
IT subscriptions and software 319 400
Website maintenance 96 126
Events 21 260
Furniture and equipment 156 845
The Triangle - project professional fees and other
costs 14,386 22,612
Licences 338 335
Training - 62
Professional fees 600 780
Outside space signage 24 -
Donate IT - project costs 328 -
Carried forward 25,157 43,061

This page does not form part of the statutory financial statements

Page 18

MAINDEE UNLIMITED

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

31.3.21 31.3.20
£ £
Charitable activities
Brought forward 25,157 43,061
Donate IT - carriage 1,331 -
Covid-19 expenses 3,396 -
Committed works 3,561 -
The Triangle - VAT on project costs 2,588 -
Greening Maindee - project costs 743 -
Food For Life - project costs 633 -
Greening Maindee - Eveswell Primary School -
project costs 374 -
Greening Maindee - Boat - project costs 51 -
Greening Maindee - Halstead Street Pocket Park
- project costs 15 -
Bad debts 343 -
Grants to institutions 6,500 -
44,692 43,061
Support costs
Management
Admin salary 10,091 10,344
Finance
Bank charges 142 143
Governance costs
Accountancy and independent examiner's fees 2,400 540
Total resources expended 57,325 54,088
Net income 213,652 8,714

This page does not form part of the statutory financial statements

Page 19