**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:
- Increase support for micro retail business
- Increased support for cultural industries and creativity
- More jobs and skills
- Increase community spirit
- Better identity and sense of place
- More attractive streets and public spaces
## **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:
- Increase the number of volunteers, particularly in the library.
- Re-introduce the children's area.
- Further develop the Maindee Pantry.
- Develop a new more user-friendly website.
- Offer a financial management system to small charities in the area.
- Open the café on the Triangle.
- Develop a series of events within the library and on the Triangle.
- Complete the first stage of the Maindee District Centre Renewal project and develop partnerships with the aim of delivering the proposed change.
- Introduce a library of things and develop the circular economy.
- Seek to improve the environment of Maindee particularly air quality and sustainable drainage.
## **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:
- an annual review of the risks the charity may face;
- the establishment of systems and procedures to mitigate those risks identified in the plan;
- the implementation of procedures designed to minimise any potential impact of risks.
## **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:
- the charity has communicated its intention to award a grant to a recipient who then has a reasonable expectation that they will receive a grant; or
- the charity has made a public announcement about a commitment which is specific enough for the recipient to have a reasonable expectation that they will receive a grant; or
- there is an established pattern of practice which indicates to the recipient that the charity will honour its commitment.
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