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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 1160272

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6 to 7
Balance Sheet 8
Notes to the Financial Statements 9 to 21
Detailed Statement of Financial Activities 22 to 23

MAINDEE UNLIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

As for most organisations the Covid Pandemic was a major issue for the charity. Dealing with the various lockdowns, Government guidance and ensuring users, volunteers and staff were kept as safe as possible. The library received grants to help implement a number of safety measures. The management board and other groups resorted to BlueJeans, similar to zoom, to keep meetings going and maintaining good governance.

Greening Maindee maintained a regular program of outside work ensuring social distancing was maintained. When we were allowed to open, the library was divided into zones with a restriction on numbers in each zone. This unfortunately meant that we lost the children's area. Re-opening also highlighted that the number of library volunteers had decreased meaning that we had to open with reduced hours compared with pre-pandemic.

The charity during 2021-22 remained in a strong financial position, this was assisted by grants to charities, particularly those with building, from UK and Welsh Government, to assist with the loss of income caused by lockdowns. To further enhance our financial governance, we moved from our Microsoft Excel based system to Sage Professional, the same system used by our accountants. This should allow easier preparation and examination of our accounts. We used the lockdown period to review and, where necessary, update our policies.

The Pandemic highlighted that, as schools provided learning online, a number of pupils did not have access to the internet at home. Maindee Primary School only had just over 50% of their pupils with access to internet enabled devices. As a result, the charity decided to run a project, Donate IT, where people could donate laptops and tablets. Where suitable our partners stripped the previous software and data, then reprogrammed them for use by school pupils. Those that were unsuitable were recycled, stopping them from going to landfill.

The charity also looked at also stopping food waste going to landfill. As a result, they installed a community fridge. This has developed into the Maindee Pantry. This is currently stopping about a ton of food each month going to landfill.

Greening Maindee has continued to make bids to a number of funders to further develop their work and to employ a community worker. The development of Maindee Triangle as a café and community space, has been challenging for a number of reasons. The outside space is being used but we are still waiting for the café to be completed and opened.

In the summer of 2021, the UK Government announced a UK Recovery Grant. The charity put in a bid around the redevelopment of the shopping area in Maindee, and to develop the circular economy. This bid by a small charity was in competition with numerous bids across the UK. We received a grant of £178,000. We have initiated the Maindee District Centre Renewal Project looking to develop the initial radical proposals for the redesign of Chepstow Road and carry out community consultation. Once completed we will be looking at how we can take this plan and develop further bids for the work to be carried out.

FINANCIAL REVIEW

Financial position

The accounts for this period of financial activity show total income of £186,688, of which £147,292 is restricted and total expenditure of £88,283, of which £57,163 is restricted. At 31st March 2022 the charity had total funds of £354,213 of which £125,436 are restricted compared to total funds of £255,808 at 31st March 2021, of which £224,406 were restricted.

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 special reserves of £20,000, of which £10,000 is for capital expenditure. In the current year we have also designated a Fixed Asset Reserve to fund future depreciation of £186,402.

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 special 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 2022

FUTURE PLANS

We hope to:

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:

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1160272

Principal address

Llyfrgell Maindee Library 79 Chepstow Road Newport NP19 8BY

Page 3

MAINDEE UNLIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Trustees

David Moses (Chairman) Angela Lorraine Lloyd (Vice Chair) Alison Starling (Treasurer) Joanne Sutton (Secretary) (resigned 30.10.21) Deb Davies Majid Rahman (resigned 30.10.21) John Stone Maggie Bain Rachel Claire Stubley Dipika Patel (appointed 4.4.22) Farzina Hussain (appointed 30.10.21) Patricia Anne Johns (appointed 30.10.21) Ben Antoniou (appointed 30.10.21)

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 25 January 2023 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 2022.

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

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

26 January 2023

Page 5

MAINDEE UNLIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
14,710
Charitable activities
4
Llyfrgell Maindee Library
21,686
Greening Maindee - Maindee Gateway
-
Greening Maindee - Food For Life (Soil
Association)
-
The Triangle
-
Greening Maindee - Eveswell Community Centre
Project
-
Donate IT Wales
-
Greening Maindee - Halstead Street Pocket Park
Project
-
Maindee District Centre Renewal
-
Maindee Community Pantry - Community Fridge
-
Greening Maindee - Maindee Green Explorer
Trail
-
Greening Maindee - Our Voice, Our Choice, Our
Port
3,000
Other trading activities
3
-
Total
39,396
EXPENDITURE ON
Charitable activities
5
Llyfrgell Maindee Library
28,673
Greening Maindee - Food For Life (Soil
Association)
-
The Triangle
(37)
Greening Maindee - Eveswell Community Centre
Project
-
Greening Maindee - Boat Project
-
Donate IT Wales
-
Greening Maindee - Halstead Street Pocket Park
Project
-
Greening Maindee - Mural Project
-
Greening Maindee - General
2,240
Maindee District Centre Renewal
-
Maindee Community Pantry - Community Fridge
-
Breaking Barriers - Greening Together
-
Greening Maindee - Maindee Green Explorer
Trail
-
Greening Maindee - Our Voice, Our Choice, Our
Port
244
Total
31,120
NET INCOME
8,276
Transfers between funds
13
189,099		 Restricted
funds
£
5,265
-
-
-
82,024
-
-
-
54,063
3,000
2,940
-
-
147,292
-
4,825
6,734
2,310
685
10,050
-
6,360
-
20,728
2,366
26
3,079
-
57,163
90,129
(189,099)		 31.3.22
Total
funds
£
19,975
21,686
-
-
82,024
-
-
-
54,063
3,000
2,940
3,000
-
186,688
28,673
4,825
6,697
2,310
685
10,050
-
6,360
2,240
20,728
2,366
26
3,079
244
88,283
98,405
-		 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
-

The notes form part of these financial statements

Page 6

MAINDEE UNLIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
Net movement in funds
197,375
RECONCILIATION OF FUNDS
Total funds brought forward
31,402
TOTAL FUNDS CARRIED FORWARD
228,777		 Restricted
funds
£
(98,970)
224,406
125,436		 31.3.22
Total
funds
£
98,405
255,808
354,213		 31.3.21
Total
funds
£
213,652
42,156
255,808

The notes form part of these financial statements

Page 7

MAINDEE UNLIMITED

BALANCE SHEET 31 MARCH 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
186,402
CURRENT ASSETS
Debtors
11
4,620
Cash at bank and in hand
39,237
43,857
CREDITORS
Amounts falling due within one year
12
(1,482)
NET CURRENT ASSETS
42,375
TOTAL ASSETS LESS CURRENT
LIABILITIES
228,777
NET ASSETS
228,777
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
133,845
133,845
(8,409)
125,436
125,436
125,436		 31.3.22
Total
funds
£
186,402
4,620
173,082
177,702
(9,891)
167,811
354,213
354,213
228,777
125,436
354,213		 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

The financial statements were approved by the Board of Trustees and authorised for issue on 25 January 2023 and were signed on its behalf by:

David Moses - Trustee

The notes form part of these financial statements

Page 8

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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.

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:

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.

continued...

Page 9

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

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.

Tangible fixed assets

Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the Trustees.

The charity adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the charity. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Statement of Financial Activities during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis: Leasehold improvements - between 5 and 10 years Plant and machinery - between 2 and 5 years Fixtures and fittings - between 3 and 5 years

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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.

continued...

Page 10

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

2. DONATIONS AND LEGACIES

Donations
Grants
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
3.
OTHER TRADING ACTIVITIES
Trading income
4.
INCOME FROM CHARITABLE ACTIVITIES
Llyfrgell
Maindee
Library
£
Rental income
19,744
Café income
142
Printer income
1,359
Other income
441
Grants
-
21,686		 The
Triangle
£
-
-
-
-
82,024
82,024		 31.3.22
31.3.21
£
£
7,975
7,429
12,000
31,285
19,975
38,714
31.3.22
31.3.21
£
£
12,000
4,000
-
13,000
-
10,000
-
2,585
-
200
-
500
-
1,000
12,000
31,285
31.3.22
31.3.21
£
£
-
7
Maindee
Maindee
Community
District
Pantry -
Centre
Community
Renewal
Fridge
£
£
-
-
-
-
-
-
-
-
54,063
3,000
54,063
3,000

continued...

Page 11

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

4. INCOME FROM CHARITABLE ACTIVITIES - continued

INCOME FROM CHARITABLE ACTIVITIES - continued
Greening
Greening
Maindee -
Maindee -
Our
Maindee
Voice,
Green
Our
Explorer
Choice,
Trail
Our Port
£
£
Rental income
-
-
Café income
-
-
Printer income
-
-
Other income
-
-
Grants
2,940
3,000
2,940
3,000
Grants received, included in the above, are as follows:
Peoples Health Trust
Landfill Tax Fund
Food For Life (Soil Association)
Millennium Stadium Charitable Trust
Newport City Council - Maindee Triangle Rainwater Harvesting System
Moondance Foundation
TOC H
Welsh Government - Community Facilities Programme
Newport City Council - Halstead Street Pocket Park Project
Monmouthshire and Newport Local Nature Partnership Small Grants Fund
Newport City Council Our Voice, Our Choice, Our Port grant
National Lottery Community Fund People and Places grant
Welsh Government Community Facilities Programme grant
Newport City Council UK Community Renewal Fund
Hubbub Foundation UK Community Fridge Grant Fund		 31.3.22
Total
activities
£
19,744
142
1,359
441
145,027
166,713
31.3.22
£
-
-
-
-
-
-
-
-
-
2,940
3,000
57,319
24,705
54,063
3,000
145,027		 31.3.21
Total
activities
£
4,335
3
168
759
226,991
232,256
31.3.21
£
793
2,000
5,000
1,640
818
4,000
2,670
204,177
5,893
-
-
-
-
-
-
226,991

continued...

Page 12

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

5. CHARITABLE ACTIVITIES COSTS

Llyfrgell Maindee Library
Greening Maindee - Food For Life (Soil
Association)
The Triangle
Greening Maindee - Eveswell
Community Centre Project
Greening Maindee - Boat Project
Donate IT Wales
Greening Maindee - Mural Project
Greening Maindee - General
Maindee District Centre Renewal
Maindee Community Pantry -
Community Fridge
Breaking Barriers - Greening Together
Greening Maindee - Maindee Green
Explorer Trail
Greening Maindee - Our Voice, Our
Choice, Our Port
6.
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
Newport Rotary		 Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
6)
note 7)
Totals
£
£
£
£
14,374
-
14,299
28,673
4,825
-
-
4,825
6,697
-
-
6,697
2,310
-
-
2,310
685
-
-
685
4,146
5,808
96
10,050
6,360
-
-
6,360
2,240
-
-
2,240
20,728
-
-
20,728
2,366
-
-
2,366
26
-
-
26
3,079
-
-
3,079
244
-
-
244
68,080
5,808
14,395
88,283
31.3.22
31.3.21
£
£
-
5,000
5,808
1,500
5,808
6,500
as as follows:
31.3.22
31.3.21
£
£
1,000
500
1,000
500
1,000
500
-
5,000
2,808
-
5,808
6,500		 Totals
£
28,673
4,825
6,697
2,310
685
10,050
6,360
2,240
20,728
2,366
26
3,079
244		 Totals
£
28,673
4,825
6,697
2,310
685
10,050
6,360
2,240
20,728
2,366
26
3,079
244
88,283
6,500

continued...

Page 13

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Llyfrgell Maindee Library 11,794 105 2,400 14,299
Donate IT Wales - 96 - 96
11,794 201 2,400 14,395
Support costs, included in the above, are as follows:
31.3.22 31.3.21
Llyfrgell
Maindee Donate IT Total Total
Library Wales activities activities
£ £ £ £
Admin salary 11,794 - 11,794 10,091
Bank charges 105 96 201 142
Accountancy and independent examiner's
fees 2,400 - 2,400 2,400
14,299 96 14,395 12,633

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
30,040
Charitable activities
Llyfrgell Maindee Library
8,245
Greening Maindee - Maindee Gateway
-
Greening Maindee - Food For Life (Soil
Association)
-
The Triangle
-
Greening Maindee - Eveswell Community
Centre Project
-
Donate IT Wales
-
Greening Maindee - Halstead Street Pocket
Park Project
-
Other trading activities
7
Total
38,292		 Restricted
funds
£
8,674
-
793
5,000
205,655
2,670
4,000
5,893
-
232,685		 Total
funds
£
38,714
8,245
793
5,000
205,655
2,670
4,000
5,893
7
270,977

EXPENDITURE ON

continued...

Page 14

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
Charitable activities
Llyfrgell Maindee Library 32,235 - 32,235
Greening Maindee - Food For Life (Soil
Association) - 3,345 3,345
The Triangle - 16,974 16,974
Greening Maindee - Eveswell Community
Centre Project - 374 374
Greening Maindee - Boat Project 743 51 794
Donate IT Wales - 3,588 3,588
Greening Maindee - Halstead Street Pocket
Park Project - 15 15
Total 32,978 24,347 57,325
NET INCOME 5,314 208,338 213,652
Transfers between funds (1,515) 1,515 -
Net movement in funds 3,799 209,853 213,652
RECONCILIATION OF FUNDS
Total funds brought forward 27,603 14,553 42,156
TOTAL FUNDS CARRIED FORWARD 31,402 224,406 255,808
10. TANGIBLE FIXED ASSETS
Assets
under
construction
£
COST
Additions 186,402
NET BOOK VALUE
At 31 March 2022 186,402
At 31 March 2021 -

continued...

Page 15

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Grants payable
Accruals and deferred income
MOVEMENT IN FUNDS
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
Lyfrgell Maindee Library
11,402
5,260
Special reserve
20,000
-
Fixed asset reserve
-
-
Greening Maindee - General
-
260
Greening Maindee - Our Voice, Our
Choice, Our Port
-
2,756
31,402
8,276
Restricted funds
Greening Maindee - Food For Life (Soil
Association)
6,655
(4,825)
The Triangle
197,563
75,290
Greening Maindee - Eveswell Community
Centre Project
2,296
(2,310)
Greening Maindee - Boat Project
999
(685)
Donate IT Wales
8,536
(8,535)
Greening Maindee - Halstead Street Pocket
Park Project
5,893
-
Greening Maindee - Mural Project
1,000
(2,610)
Greening Maindee - Maindee Gateway
1,464
-
Maindee District Centre Renewal
-
33,335
Maindee Community Pantry - Community
Fridge
-
634
Breaking Barriers - Greening Together
-
(26)
Greening Maindee - Maindee Green
Explorer Trail
-
(139)
224,406
90,129
TOTAL FUNDS
255,808
98,405		 31.3.22
£
4,620
-
4,620
31.3.22
£
7,491
-
2,400
9,891
Transfers
between
funds
£
(280)
-
186,402
2,977
-
189,099
-
(186,402)
-
-
-
(15)
3,500
(1,000)
(5,182)
-
-
-
(189,099)
-		 31.3.21
£
-
6,893
6,893
31.3.21
£
37
5,500
2,400
7,937
At
31.3.22
£
16,382
20,000
186,402
3,237
2,756
228,777
1,830
86,451
(14)
314
1
5,878
1,890
464
28,153
634
(26)
(139)
125,436
354,213

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13. MOVEMENT IN FUNDS

continued...

Page 16

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
Lyfrgell Maindee Library
Greening Maindee - General
Greening Maindee - Our Voice, Our
Choice, Our Port
Restricted funds
Greening Maindee - Food For Life (Soil
Association)
The Triangle
Greening Maindee - Eveswell Community
Centre Project
Greening Maindee - Boat Project
Donate IT Wales
Greening Maindee - Mural Project
Maindee District Centre Renewal
Maindee Community Pantry - Community
Fridge
Breaking Barriers - Greening Together
Greening Maindee - Maindee Green
Explorer Trail
TOTAL FUNDS		 Incoming
resources
£
33,896
2,500
3,000
39,396
-
82,024
-
-
1,515
3,750
54,063
3,000
-
2,940
147,292
186,688		 Resources
Movement
expended
in funds
£
£
(28,636)
5,260
(2,240)
260
(244)
2,756
(31,120)
8,276
(4,825)
(4,825)
(6,734)
75,290
(2,310)
(2,310)
(685)
(685)
(10,050)
(8,535)
(6,360)
(2,610)
(20,728)
33,335
(2,366)
634
(26)
(26)
(3,079)
(139)
(57,163)
90,129
(88,283)
98,405

continued...

Page 17

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
Lyfrgell Maindee Library
7,603
5,314
Special reserve
20,000
-
27,603
5,314
Restricted funds
Greening Maindee - Food For Life (Soil
Association)
5,000
1,655
The Triangle
8,882
188,681
Greening Maindee - Eveswell Community
Centre Project
-
2,296
Greening Maindee - Boat Project
-
499
Donate IT Wales
-
8,036
Greening Maindee - Halstead Street Pocket
Park Project
-
5,878
Greening Maindee - Mural Project
-
500
Greening Maindee - Maindee Gateway
671
793
14,553
208,338
TOTAL FUNDS
42,156
213,652
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Lyfrgell Maindee Library
38,292
Restricted funds
Greening Maindee - Food For Life (Soil
Association)
5,000
The Triangle
205,655
Greening Maindee - Eveswell Community
Centre Project
2,670
Greening Maindee - Boat Project
550
Donate IT Wales
11,624
Greening Maindee - Halstead Street Pocket
Park Project
5,893
Greening Maindee - Mural Project
500
Greening Maindee - Maindee Gateway
793
232,685
TOTAL FUNDS
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 18

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. 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
Fixed asset reserve
Greening Maindee - General
Greening Maindee - Our Voice, Our
Choice, Our Port
Restricted funds
Greening Maindee - 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
Greening Maindee - Maindee Gateway
Maindee District Centre Renewal
Maindee Community Pantry - Community
Fridge
Breaking Barriers - Greening Together
Greening Maindee - Maindee Green
Explorer Trail
TOTAL FUNDS		 At 1.4.20
£
7,603
20,000
-
-
-
27,603
5,000
8,882
-
-
-
-
-
671
-
-
-
-
14,553
42,156		 Net
movement
in funds
£
10,574
-
-
260
2,756
13,590
(3,170)
263,971
(14)
(186)
(499)
5,878
(2,110)
793
33,335
634
(26)
(139)
298,467
312,057		 Transfers
between
funds
£
(1,795)
-
186,402
2,977
-
187,584
-
(186,402)
-
500
500
-
4,000
(1,000)
(5,182)
-
-
-
(187,584)
-		 At
31.3.22
£
16,382
20,000
186,402
3,237
2,756
228,777
1,830
86,451
(14)
314
1
5,878
1,890
464
28,153
634
(26)
(139)
125,436
354,213

continued...

Page 19

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
Lyfrgell Maindee Library
Greening Maindee - General
Greening Maindee - Our Voice, Our
Choice, Our Port
Restricted funds
Greening Maindee - 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
Greening Maindee - Maindee Gateway
Maindee District Centre Renewal
Maindee Community Pantry - Community
Fridge
Breaking Barriers - Greening Together
Greening Maindee - Maindee Green
Explorer Trail
TOTAL FUNDS		 Incoming
resources
£
72,188
2,500
3,000
77,688
5,000
287,679
2,670
550
13,139
5,893
4,250
793
54,063
3,000
-
2,940
379,977
457,665		 Resources
Movement
expended
in funds
£
£
(61,614)
10,574
(2,240)
260
(244)
2,756
(64,098)
13,590
(8,170)
(3,170)
(23,708)
263,971
(2,684)
(14)
(736)
(186)
(13,638)
(499)
(15)
5,878
(6,360)
(2,110)
-
793
(20,728)
33,335
(2,366)
634
(26)
(26)
(3,079)
(139)
(81,510)
298,467
(145,608)
312,057

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

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.

continued...

Page 20

MAINDEE UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 21

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

MAINDEE UNLIMITED

31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 7,975 7,429
Grants 12,000 31,285
19,975 38,714
Other trading activities
Trading income - 7
Charitable activities
Rental income 19,744 4,335
Café income 142 3
Printer income 1,359 168
Other income 441 759
Grants 145,027 226,991
166,713 232,256
Total incoming resources 186,688 270,977
EXPENDITURE
Charitable activities
Water and sewerage 284 282
Insurance 1,374 1,116
Electricity 1,936 664
Telephone, internet and postage 524 747
Gas 834 1,405
Printer costs 1,180 139
Stationery and consumables 1,864 538
Business rates - 888
Repairs, cleaning supplies and miscellaneous 3,188 398
IT subscriptions and software 547 319
Website maintenance 438 96
Events - 21
Furniture and equipment 676 156
Bad debts - 343
Licences 339 338
Professional fees 7,365 600
Outside space signage 571 24
Donate IT 4,146 1,659
Covid-19 expenses - 3,396
Committed works - 3,561
The Triangle 6,734 16,974
Greening Maindee - General 2,484 743
Greening Maindee - Eveswell Primary School
Project 1,887 374
Carried forward 36,371 34,781

This page does not form part of the statutory financial statements

Page 22

MAINDEE UNLIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 31.3.21
£ £
Charitable activities
Brought forward 36,371 34,781
Greening Maindee - Boat Project 685 51
Greening Maindee - Halstead Street Pocket Park
Project - 15
Maindee District Centre Renewal 20,728 -
Maindee Community Pantry - Community Fridge 2,366 -
Breaking Barriers - Greening Together 26 -
Greening Maindee - Green Explorer Trail 3,079 -
Food for Life Project 4,825 3,345
Grants to institutions 5,808 6,500
73,888 44,692
Support costs
Management
Admin salary 11,794 10,091
Finance
Bank charges 201 142
Governance costs
Accountancy and independent examiner's fees 2,400 2,400
Total resources expended 88,283 57,325
Net income 98,405 213,652

This page does not form part of the statutory financial statements

Page 23