RFGISTEIiEID c0fv￿AN¥ NUMlllI R: 09010565 (fnglaiid Wxlesl REI GISTLRED CHARITY NUMBER: 1161937 Report of the Trustees and Flnanclal Stateiiientg foi. the Year Ended 30 November 2023 for Splash Commuiiity Trust Ymddiriedolaetli Gymunedol Sbla$li Haines Watts, Stattitoiy Auditor Militsry House 24 Castle Street Cliester Cl)e8hire CHI 2DS 8plasli C.ninniuiiity Tru8t Yniddit'icdolacth Cymuijedol Sblgsli Cotjtents of tIiL fSn&iJcl&l St2t£Hieitts foi. the Yeai. Ended 30 Noi'ember 2023 Page Report of the Ti'uslees Report of tbeIndependwJtA￿d1toi'S Statenient of FltiaJici*l ActivitÈes B8l&nte Sheet Ca511 Flow Sthteinent Note$ to the Cxsh Flow StatcnTrent io Notes t(b the Finaiicial st￿tel￿ents Detailed Statement of Fin2neial Actlvitles 19 to 20 Spl&sli Coininunity Trust Ymddli'ledolacth Cymuned(bl SbIaslJ R¢ptsi't of the Th'ustees ror tlje Yeai. Ei nded 30 Noveniber 2023 Tl)e IrLislecs wlio Alf also directors of tlit cliatÈly fol. tli¢ purpose5 of tliL Coiiipanies Act 2006, 1)re8eiit tlieii. JEPOIt witii t]ie financial 8tateAnents of tlie ¢haJity foi. the yeai. ended 30 NoveJnbci' 2023. The ts￿St¢eS have adopted the provisions of Accounting and Reporti]ig by ClTrarities'. Statanenl of Rwniineiid¢d PracticL appljcable lo C5￿.111ts prtpai'in2 their accounts atctsrdanee with the Financial Reporting SiandaiY] aiJplic8ble in the UII and Republic of treland (FRS 1021 {effeclive l Januaiy 2019). OBJEcfivES AND ACI'IVITIES AiEns & Objective5 of tlie Ti'ust To prowde cominullity and ir¢J'eational facilities lo tl)e people of Wrexliani County Borougli alld surroiinding areas. To e￿ate a cents'e wlierc pei>ple call mcet and develop the social enVil￿nI1]Ent aiid io e]il)artce their pliysical and mtntal wellbeirtg. To offer employment and volunteering opporiunities to i￿anY local people, n)akin8 a vitsl contiibution to the local commutjity, which includes areas of dewivatioll. To ensure that ihe leisure ¢entsE is mainlairÈed fDr tlie benefiÉ of ￿tulE ￿ene12tionS. Focus of our ivoi'k (h]r focus is not jiist to I)I￿vide qllality leisuLe and itcreational facilitits, but a]so to develop a ne￿01'k of sustaitiable coi)uniinity support tl)at ¢&n be d¢liveYed in [)artner81iip with key partners and slakelioldeiE. Iii thi5 way we will also be able to continiit to woik witli local groups and organisatTons acYoF% the area kn be inclusive. Public benefit The Tiustees confirjtt they have caffied out the clwity's purposes forthe publie benefjt. Major fundiiig Wc eontinue to sttive to a¢hieve our ongoing pl.0￿.8M to iinprov¢ the ¢entre. In the last 12 n)onths Wrex112m Cout)ty Borough Council Ex¢¢lltive Boaj'd approved a 99-yeaT lease which will ensui"e our long tel￿ sustainability wiihu) the building. Oui. food project continiies to be a Sliccc￿ and we have Lrceivcd £4,000 fron) tlie local liealili board and £4,000 fi￿M Tai Wales 8nd West Housing to support the irfurbisliment of our comlnunity kitclien bub. Olir food WK>ject 15 going froin sttEIE8tb to sttEnglh and includes a weekly luncheon club, food education touises, substi'iption to the fare-s118re sclieine ta¢klirtg food wastage and tostpriee nieals. Tlie last tran¢lie of fui)diog of £30,000 was iEceived from tlie local healtli boaid alld it Sias Colltitiued to support tlie developnienl and implementation of the cominuntty suppoit liub. Tli¢ Itsideiits of WrcxlEaTn South benefjl froin having key se￿icC5 at Ihc leis￿￿ centre- Wi'exli8m Citizens Advice Bui'eaii, Wrexham Foodbank, Kiln Inspire, Calliad, Hafreii Dyfidwy, Communities foi. Woik and Thc Wallich. Mie last 12 inontlis liave been cliallellging witli refere[￿e to Fughcr etk¢rgy ¢osts. T[￿ inciias¢s in oui. electi'icity costs slaitcd in December 2022 when they initially Ivipled for a short period of tinie and tlien reduced to double tlie cost of our pi'eviotts bills. Our gas prices incieased Septeinber 2023. Tl)e ga5 C051s dolibltd in PTiC¢ and il wJ8 a wonying time. We had pievioiisly taken steps to reduce our eneiEY ¢OSts by installing LID lighting in 9￿/fj of the building and by IEpla¢ing our 41pF year old boil￿3 with up-to-date ener8y cfficient colldei)sing boilers. We are ¢oDfidenl tl)al furth￿. developments wiihiA the ¢ents'e and invesiment In energy saving txleasuiis lo irduce ellergy eosts will put us back illto a sustainable position for years to coine. We have been siiccessful in secLiring fiEnding from the UK Govemment Levelling-up pM8[￿nine, wliicli will be iTDpI¢TEiented froin Sei)ttmbth' 2023, gtsing irtlo next fitjartcial year. This pi'oject wtll install ellef8y saving mcasiues that rill hclp Initigat¢ thc effccls of bigkn ellcrgy costs that have beal a Cliallenge to us diiring the ¢ovrse of the finai)cial yeai.. The fvnding for this yearwas £50,000, with £290,000 being iEceived in the next fitlancial ye&i'. ACIIIEVEMENT AND PERFORMANCE Flnallces tn this yeai'we consolid8ted our positioll wilh a further su¥plus of £393.737 {2022 a 5uTpIus Df £404,796). Page I Splash Conimuiiity Tru$t Yiiiddit-iedolaeth Gymuijcdol Sblosh Repoi't of tlie Ti'ustees foi. tlie Yeai. Endtd JO Noycijibcr 2023 FINANCIAL REI VIEI W Resea'yes policy The tliariWs aim is to liold rese1v￿ al a ni&niinuiM level sufficieiit to cover 3 Iiialill￿ worth of workit)8 cai)ital cost. STRUCI'URE, GOVERNANCE AND MANAGF.MFNT Govtyiiing doeuit)¢iit Tl)e cliayity is contt'olled by iLq goveiiiing document, a deed of trust, and coiistitules a liit)it¢d ¢omp#iiy, limited by giiar7Éniee, as defined by Ilie CoiMpaiiie% Act 2006. Structuiy aiid govei'iiallee Tlie directoiE of the coiiipany are also diai'ity twstees. Und￿. die requireineiils of tlie meniorandun) aJ)d articles of aSS￿latiO11, the n)en)bers arr elected to 5eEve for a pei.iod of 3 years, aftei. wliicli tliey iiiiist be IE-eleeted at the iiext ALUiLtal Gclle17Jl Meetii)g. All tiuslees give tlieir tit)ie voluiitaiily and J?ceive no benefits froiii U)e cliarily. Re¢ruiiiii¢iit and appt)Jnltnent of new inislees Nie diiELID131)vslees ensiiir that the needs of oill. commiinily tiusl are iiiet by Ilie divcisity of slulls clected to tlie boai'd, wl)icli we would like to sec sh'engthett. All pottntial diitctoi¥ / hiislcts niust vide us with eviden¢e of tlieir skills aiid expcrieiice. Isiductioti and tiainillg of new tiuslets All ttustees are eiicouraged to be actively itivolved with our work al￿ as part oftlieir iithiiction al'e ￿Ven Ibe 'Essenlial T)ustees ￿1)de, pllblished by Ihe cliarities COt￿niS$l017. Risk iiiallageillenl Tlie director5 coiiduct a Teview of tl?e rnajoi. J'isks to wliicli tl)e cli8riiy is exi)oseit. Tliis is reviewed and updated on an ongoiiig basis. Syste1118 aiid procedur&s aiE establisl)ed, wliere appl￿pr￿a¢t, iii oi'dei. to tmiligzle potential risk. Reei'uihnent appointiiieijt of neiv ti'ustees Tli¢ directoi'sliiTr]stees ensuir that tlie Jieeds of our coiiii)iuntty trust aiE A￿1 by die diveiEity of skills elected to tl)e board, wliicli we would like to see slrengt]iei). All potejitial diirctors lttiislees niust provide lis with evidence of tlieir skills and exp•ience. Induction and t￿.￿illIng of new truste£s All t1￿%1£e5 aiE encouraged to be actively illvolved with oui. work and as parl of their inductioii are giveli tlie Ess￿ltial Tiiistees Guide, published by Ilie cliairyties coiMrtiissiotJ. Risk i￿￿￿￿ge￿eI1t Tlie diiE¢t¢rs eoiidud a Jtview of tlie inajor rssk% to wliicli tlie chaTity is exposed. This is reviewed &Jid iipdaled on an oii¥oing basis. Systems aiid PToceduiEs air established,whcre appix)piiate, in oide]' to mitigAte potential iisk. REI FERENCE AND ADMI INISTRATIVE DETAILS Reuistei'ed Conipany iiuJnbei- 09010565 (Englaiid and Wales) R￿lste1.ed Charlty nuttibÈi' 1161937 Registei'ed o￿lee Plas M&doc Leisure Centre Plas Madoc Acrefaii- Wirxliaim LL143HL Page 2 Splasli Coiijiiiunity Ti'ust Ymddii'iedolactli Gynjunedol SblA$h Repoi't of tlie Ti'llstees roi. the Yeai. Lndcd 30 NDveinbei- 2023 TR'ustees S Matiliews {Chaii' of thc board of Trk]steesl J M Roberts (Scctelaiy) R Prescott ITreasw"er) (resigi)ed on 0810812022) Mi% A L.vaiis M5 A. li. Pairy D L Poole I Robeits (IEsigned on 1811012022) Mrs A M Staffei. Audit(bJ's Haines Watts, Siattitoiy Auditoi. Military House 24 Castle Stirel Chestei. Clicsliire CHI 2DS STATEMCI Nl, OF TRUSTEES, Rfi SPONSIBILITICI S The liwsiee% (who are a150 tkne dii'ectoi.% of Si?la%h Con)niunity TLllSt Ymddiriedolaeth Gyniunedol Sblash for the puiyose5 of conipaiiy law) are iEspottsibl¢ foT preparing tlic Rcporl of Ilie Tru8tee% and Ilie financial slateineiils in accordanee wilh applicable law and United Kingdom Ateounting Standards IUt]ited Kingdojn Gcllcrally Acc4)ted Accountiiig Pl￿tice). Company law requires die trustees to piEpare financial Statements foi. each financial year whi¢h give a true and fair view of the state of affaiiE of the chai'ilable company and of the in¢omTng i"esources alld application of resources, including tlie inconie and cxpct)diture, of tlie cliai'ilable Conipany for Iliat period. In prepaiing Ilio%e firtan¢ial 51alemenls, tn]stees are IEquired to select suitable a¢¢ounting p)licses and tlicn apply them ¢oDsistently', Ob$￿ve tjie metliods alld principles in ilie Ch4Tity SORP., Inake jlldgen)enls and estiniate5 that are reasotiable and piudenl,. prepaie Ilie fjiiancial slatenients on the going ¢on¢eL-n basis unless it is inappix)p¥iate to presun)e that tlie ¢harEtable coinpany will toniinue in bu5ine55. Thc tiiislees aiE I'esponsible foi. keeping propcr accounting i'e¢oixls which disclose with reasonable accui?cy at any tiyne the fiiiancial position of the chai'ilable ¢omw4iiy and to eiiablc thcni to cjisurc that the financial sthteineiits comply with the Companies Att 2006. They are also JEsponsible f￿. safeguaixling the assets ofthe cliai'itable coinpany and hence for taking rea50nablc steps for Ilie prevention and detectson of fraud and otlier ii'rcgularities. In so far as tlie tnistees aie aware.. thaE is no iElevallt audit infoimation of wliich tlie Ch￿.itable Colnp￿1Y'S aiiditors air unaware- and tlje tiu8tees have taken all steps tliat they ought lo have takeii to m8ke tliemselves aware of any relevant audit infoiThaljoll ajid lo establisli tliat tlie auditors are aware of that inf0m￿tiOn. AUDITORS The auditois. Haines Watts, Statuloiy Auditoi., will be proposed for re-appointment at the forthcomiijg Annual Genei?I Meeting. AppiDved by order of the board of trustees on ..... ... and signed on ils behalf by.. S Matthews- TJRJste Page 3 Repoi't of tlit llldepeijdeiit Audilvi's Iv tlit Menibeis or Spl851i Conaniunity Ti'ust Yniddiriedtslaetli Gyiiivnedol Sl)la511 Opiijlo We l)ave audited die finai)cial statejiieiils of Splasli Coiiiinuiiity Trust Yiiiddiriedolaetli Gyiiiuiicdol Sblasli Itlie 'cIMI'ilable coinpaiiy'} foi. tlie yeai elided 30 Noveimbei. 2023 wliicli coii)pri5C tlie SIAieinenl of FittaTic&al Activities, tlie BalancL Slieel, Ilie Casl) Flow Statenienl alld iioltt.4 10 Il* fiiianeial slatLiiieiiLs, iiicludiiig a %iiiiimary of sigiiilieaiit aCcol￿tillg policies. The financidl IEpuitiiiA fi'aniewoi'k that lias bcen applicd in tl)eii' prepai'atioii is applicable law and United Kit)gd￿lI Aceouiitiiig StaiidaKds Iuiiited Kingdoin (¥enw?Ily Aceepted Accouiiling Pi'aclice). In oui. opiiiion tlie financial stalciiiciits.. give a tiiie and fail" view of tlie state ¢)f tlie charitable coinJkRny'& affails a¥ ai 30 Novanb￿. 2023 diid of ils incoining itisow'ce% ￿la applicatioti of i.eS￿1rcc5. ineliidiiig ils kneoiiie aiid eXk￿ditLire, foi- tjie yeai. tlien ended, l)av¢ been pro)e]'ly pj'epattd in accoiylance witli United Kingdoiii Geneixlly Ac¢ei)ted Accoiinting Practice. and l)ave beeii pJepatEd iji accoiytaiice witli the irouiiEll)eiits of tl)e Conipallies Act2006. Basis for opiDioii We caiidiicted Dur aidil in acL()i'dance will) ljitcrnational Standaids oil Auditiiig (UK) IISA& IUICI) and applicable law. Oui. IESI)onsibilitÈes iindei. those standariisibibtics iii accordance willi (liese i'equirtiiients. We believe tliat tbc audii evidence we have obtaiiied is 5UtTicient alld &PPTOPI'ialc to pi'ovidt a basis for our opinion. MAterlAI uiicertaiiity relatiEig to going concerm In auditing tlie financial srateti￿￿ts, we I￿ve coiicluded tI￿t Ilie trustecs, use of the going eoncem besis of acco￿)tIllg ti) tlie prep￿.￿lI0]i of tlie fiiiaiicial statements is appropi'iote. Based oi) the woik we liave perfoiimed. we lidvt nol ideiitif*ed any i￿alerial uncei'uinties relatiiig to events oi. eondilions iat, Individually oj. collectively, Inay cast significant doubt ort the eliai'itable conipatiy's ability to comtinue as a going coiiceni for a peliod of at leist twelve ii)onths frotn when the flluncial Stat￿nents aiE authorised for issue. Oiir iEsponsibilities and the ri%ponsibilities of tlie ttustees willi Lespe¢t to goillg coJ)cern are dcsci'ikd in tlje Televallt sections of tliis ¥eport. Othcj. xlifoi'niatlon The ILltstees ale i"esponsible for the otber illf01￿￿tIOn. The othel. jl?foriiialioLi roillpl'ises tlie tnfoiinaliorl included in the Amillal Report, ot11￿ than the flnancial slat¢ineiits aiid our Report of tlie ltLdependei)t Auditois il)ereon. Our opii)ion oi) tlie finan¢ial Sta￿]￿etitS does not covei. the otliei. infomiation and, exeept to the extent oil)erwise exi)lieitly stated in oli¥ report, we do not expirss any foiTh of assurdrtee eonelusion theleon. i co1￿¢¢t10Th with our audit of tlie f￿￿ncIal stsfeineiils, ou. IEspoiisibtlity Is lo irad tlie othei. lllfor1￿all0n aniL it) doii)g SO. Collsida. wlietliei. tlTre otlier iiifoiin&tioii is n)ateiially incoiisisletit with the firtajcial So11￿1]ents or OLEr knowledge obtaiiied in Ihe audit oi. otlienvise appcars to be IiJateri8lly ii)i$stated. Jf we idejitify sucli inateTial incol￿7sten¢les or apparent inalei'ial inisslaieiiiei)L%. we aiE J'eqiiu'ed to detejinine whetliei. Iliis gives rise to a Jnateiial ii)18Statcnient in the fin2tteial stateillents tlieimselves. If, based on tIK wth"k w¢ have perfonned, wc conclud¢ that Ihere is a I￿tertaI i)iisstateineiit of this otha" infonnalioii, we are iwuii'ed to repoa'l that facL We liave nDtlxiiig lo repolt iii Iljis regard. Opinions on other ij)atleJ's prescribed by tlie Coiiipanies Act 21H)6 In oui. opiijion, based oil die wo14( undertaken iii tlie eoiirse oftlie audit.. Élle info]ll￿tIOn given iii the Repoit of the Trllslees foi. tlie financial yeai. for whi¢l) the financial statelli¢llts are prepared is coijsistenl wsth die fiiiaticÈal 5talenieiits,' uiid the Report of the Trnstees hgs been prepaiEd in accoi'dance wttli applicable legal iEquireinents. Page 4 Reptsi't of thc Indepeiid¢iit AuditoiE to tlje Members of Sp1&8h C(bniinunity TA'u5l Ymddiiiedolaetli GyDiynedol Shlaslj Mattel's on Ivliich ive are reqllited to tepoi't by exccptiojk tlit ligl)t of tlie knowledgc iiodei8tsrtdillL￿ of ilic cliai'ilable conii)any an(1 ils env%Jonnient obiailled in ihe co￿r$2 of tlie audit, wc have tLOi }d￿lILr1ed inalerial mi58latements in tlic R¢poil of the I'iuslecs. We IEaYe nothsng lo report in respect of the followii)g n)alteis whcre tlie Cainpai)ies Act 2006 r￿UIreS us to repoit to yo Af, in oui. opinioii.. adequate accounting records ljave not beeji kei)t oi. returns adequate for our audit liave not been rc¢eived froni branclies Elot visi￿d by us-, oj. the financial statements aiE not in a81￿cLI1￿11 willi Ihe acci>uiiting rcwi'ds and rettiills,. or cethin dts¢losui'es of tsiisiees, IEinunerRtion specified by law aiE not niade.. oi" we have iiol receivcd all tlic informalioji and explanatsons wereoiiire for ouraudit. oi. the trustees weiE not entitled lo lake advaniage of die small Comp￿ti￿￿ exemption froin tlie requtremejit lo ￿￿)dre a Str*Lteg%c Repoit or in pirpai.ing tlie Report of tlie Ttustees. Respoijslbllities of trustees As explaiiicd more fvlly io the StateM￿￿t of Tn]slees' Rcsponsibilities, the trL]Sttts (who al'e also the directors of tlie chariiable ¢onipany foi. the purposes of COTnpaiiy law) al¢ responsible for the preparation of (he flE￿ncial slateliients an for being satisfied that Iliey give a tiue aiid fair view, a]id foj. su¢h conti￿1 as tlie ttusteeg deleillnine is necessary to enable tlie prepafation of financial statements tliat are free fJY)ni mat¢Jtal Inis5tat¢m¢nt, wlietlier due to fi'aud oi. enDr. In prepaving thc finat)cial ststttnents, the trustees are iEsponsible foi a55Cs5iiig th¢ chai'ilable companls ability to COlltit)ue as a going ¢on¢em. disclosi1￿, as applicable, mattets [cla￿d to goitig col￿¢1￿ And usii)g the goillg Col￿e￿ basis of a¢¢outttiJg unless the ttustees eillier intend to liquidatc the cl]￿lt￿b]e ¢on)pony or lo cease oper8tLOLlS, or have no ￿alIStiC alternaliv¢ but to do so. Oui. i-espDThsibilities for the Audlt of tlie tlnAncig1 stateinertt5 Our obje¢tives are to obt2in i'easonable assurallce about wlietlier the finallcial slatenieiits as a wliole are fi.ee fi'o atei'ial inisstatemellt, whether to fiiud or en'or, alld to issue a Report of (he Independent Auditois thal includes 0￿. opinion. Reasonable assurance is a bigl) level of assuraiice, but is not a guarantee tliat an audit coiiducled in accoydallce with ISAS (UK) will always detect a tnatcrial inisstatement wli¢tL it exists. Mis%talenicnls can aTise fro￿ fiaud or eJyDr al￿ aiE considered miteiial if, individually or in Ihe aggregalc, Iliey could i'easottably be ¢xpecled to iijfliiellce Ilie e¢onoini¢ decision5 of usel% takert ort the basis of these financial statcnwnts. The extent to which oui pM¢ed￿lS are capable of detectillg irieÈuL8rAties, irtcluthng fixud is detailed klow: Enquiry of inanag¢nienL those charged witli governance ai'ound actual andpotential litig&tion alld claim6 Reviewing fjnancial slaltment disclosure5 and iesiing lo supporting docllinentation to a55ess colnpl1an￿ witl) applieable laws and irgulations. - Auditillgthe i'isk of management overiide of contro15, inGluding ihtDugh testing jOUL]ial enttie8 and otiier adjllstn]ents for appropi'iateness, and evaluating the business I'ationale of significant ¢r8nsa¢tions o￿tsIde the noiin&l coui%e of busine55. Challenging assumptions and judganenls Made by nianaRement in it$ signifi¢ant acco￿lting estiinate in paititulai.: Depreciation- we can.jcd oiit a J'eview aijd recalculalion of depiEciaiioii to assess ils appi0pi.iatcn￿S foi. incIL￿1￿n witliin tlie financial statenients Accmls alld Prepayments - we reviewed a sample of #¢cruals and prepayinents in the year to delemiine tIMt these weir applied cori'ectIy - f3x Provision- we carried out a review of the tax compuiations and ￿SulEd it wa5 applsed COiTeclly Bad Debt pl￿VisIon wc reviewed Ihe bad debi piovision bad debts provided for and ensured t]ial tlie bad debt licy was applied consisterttly. Idenlifying and testing journals entt'ies, in particular any journal entrie5 PQSted w5tli unusu21 account colnbittations. A fiirther description of oui. responsibilities for tlw audit of the fi[￿lle￿al stateJneJits is located the Fill3n¢ial Reporting CoullciI'5 w¢bsite at www.&C.org.uklaudit￿5itspollSibL1]l￿$. Tliis description forms part of olli. of tlie 1ndepend￿tAuditois. Page 5 Repol't of tlle Iiidepcjident AuditDI's to tlie Mcnibei'5 or Splasli Comlliunity Ti'ust Ymddlrledolaetli Gyi*unedtsl Sblasli Use of oui- i'epoi-t Tliis JEpoit is niade solely tu tlic chaiitable coi)11)aT]y'5 InaMbei-.4. a% a bt)dy, ill accoilance wilh Cliai)tei' 3 of Part 16 of th¢ Coimpaiiies Acl 2006. OLlf aiidit Mpork has bectTr iilldcitsken so tliat wc Jiiiglit State lo tlie clidi'il&ble cOl￿pallY,$ einbers diose nJatie¥s we aie iEqiiiird to slate lo tlieni in aj aiiditoiB' repoit and for iio oilici. puii)05e. Tn the fiillesl cxILJit peiiiiitled by law, we do iiol aecept Ol. gSSUIIIC IE5poiisibility to aiiyone otbei- t1￿11 Ihe ¢li￿.1tablc conjpaiiy and Ili¢ cliai'itable coiiii)ai)y's Jnenibe]5 as a body. foi. our aud1tw￿k, for tliis repoil, or foi- the opinioiis we have fo1￿led. NI1cl￿tI Foi%haw 13A FCA IS¢i)ioi' StattIt￿Y A[￿lIOr) for and oil behalf of Haitjes Watts, Slatulory AuditOT Mililaiy HOl￿e 24 c.astle Street Cliester Clieshii-e CHI 2DS Date.. Page 6 Splash Coininullity Th'ust YmddiJ'iedolactlJ Gyn7unedol Sblasb Statemeiit of Financial Activlties for the Yeai- ndtil 30 Noveiiibei. 2023 30.11.23 Total funds 30.11.22 'rotal funds Unresli'icted tund Resli'i¢t fi￿dS Notes INCOMk AND Iihl)OWMENTS FROM Dolliltions and lega¢ies 12,397 91,926 104,323 374,609 Otha'charitablc a¢tivities 900,745 900,745 773,347 'rotal 913,142 9L,926 1,005,068 1,147,956 LXPEI NDITURE ON Raisiiig ti]nds 128,915 128,915 107,932 Other 837,580 49,812 887.392 905,410 Total 966,495 49,812 1,016,307 1.013.342 NET INCOMEI(EI XPEI NDITURE) (53.353) 42,114 (11,239) 134,614 RECONCILIATION OF FUNDS Total funds brought fon¥ard 256,190 148,7S6 404,976 270.362 TOTAL FUNDS CARRIED FORWARD 202.837 190,900 393.737 404,976 Th¢ iiot¢s form pait of these fmancial statements Page 7 SiTrla511 Coinniiliiity I'rust Ytnddii'ied(blx¢th Gymunedol Sblasli B¥lance Sljeet 30 Noveijiber 2023 30.11.23 30.11.22 Total ftinds Uiiirslricted fund Restiicled fuiJds fiinds Notes rilXED ASSETS Tliiigible assets 10 98,130 98.130 104,681 CURRLNT ASSEI TS Stocks Del)tors Casli at batik and in liai)d C),750 15,841 173,199 6,750 46,149 333,791 5,243 6,015 407,419 12 30,308 160,592 195,790 19n,900 386,690 418,677 CREI DITORS Ainounts lallit]g due witliit) one year 170,593) (70.5931 177,5541 ET CURRENT ASSETS 125,197 190,900 316,097 341,123 TOTAL ASSL'fs LESS CURRENT LIABILITIES 223.327 190,900 414,227 445.804 CREDITORS nounts fallii)g due aftei. niore than oiie yeai. 14 120,490) (20,490) 140.828) NET ASSF.TS 202,837 190,900 393,737 404,976 riUNDS Ujiicsli'icted fiinds ReslriLled fuiids 17 202,837 190,900 256,190 148,786 TOTAL fiUNDS 393,737 404,976 'I'licsc fitiancial staiLlI)eJi15 have beeii prepaiEd ill aceordance wi￿) Ilie PTOVj5LOllS applicable to cliai'ilable LoIMpanies subjecl to U)e sinall coinpanies irgiine. Tlie were appix)ved by tlie Board of TrLiStees and aiiilioi'ised for issue 2nd wer¢ sigiied oji its behalf by.. on Skéll • S Matthews- Tiustee The iiote5 fonn p￿t of tiles¢ ftnanctal staten)ents Page 8 SplRsh Coin1￿Ul7[1Y Trllst Vinddiriedul8elli Gyinunedol Sblasli Casli filoii, Sb tateinent f(bi' tlic Y¢ai' fi nded 30 Noi'ember 2023 30.11.23 30.11,22 Notes Cash floivs fi'om opei-&tiog Y4Ctii'ities Casli getterated from opei?tion. {41,394) 25,122 Nel cash {ustd inyprovided by opei?ting activitie8 141,394) 25,122 Cash floivs from investlllE aLtivitles Puirliase of tsngible fixed asset8 (279} Net eash Lised in invttting acttvities 111,951) (279) Cash floiTr¥ fi'om financing Rctivitie5 Loan repayinellts in year 121,269) (21,221) N¢t ¢asJi used iii flltsncii￿ a¢tivÉties (21,269) (21,221) Cbange In cssh and cash equivalents In the reporting pei'Éod Cash and casli equlvglents At tlie beginnI￿g of tlie repoi'tlng period 174,614) 3,622 405,750 402,128 Caslj aiid eash equlvalents at tjie end of the repoi'tliig perlod 331,136 405,750 The notcs form part of these financial Stat￿ll¢￿t$ Page 9 Splasli Cottniijiijiity Ti'u5t Yinddiriedoiaetli Gymunedol Sblash Note5 to the Cssli Floiv Stateiiieiit for tlit Yettr £1 rnded 30 Noveijibei. 2023 RECONCILIATION OF NET IEXPFNDI'fuREyINCOME TO NET CASH FLOW bROM OPERATING ACI'IVITIEI S 30.11.23 30.11.22 Net (expendih]ie)IRJitonJo foi. the teporting pei'iod las pei. tlie St#teiiJe7Jt of Fiiid?iicAnl Activities) AdjustnieRIts foi.: DepiELiation ¢1￿l'geS Increase in stocks (IiieLeaseydea'case iii deb¢oiB Decjtase ueditors {11,239) 134.614 18,502 (1,5071 140,1341 17,0161 19.754 {4.543} 34,962 1159,665) Net c&sh {￿sed Iiillpiovided by oper2tSotJs 141,394) 25,122 ANALYSIS OF CASH AND CASH EoufvALENTS 30.11.23 30.11.22 Casli in hgttd Notice deposits (less dvdii 3 monttts) Overdi?fts included iii bat]k loans ovei'drafts falling due wiiliiii one year 1,140 332,651 (2,655) 1,540 405,879 11,669) Total casli and casl) equivaleiits 331.136 405,750 ANALYSIS OF CHANGES IN T FUNDS At 1.12.22 Casl) flow At30.11.23 Nèt ca$li Cash at batik aiid in liai Bank overthaft 407.419 11,669) (73,628) (9861 333.79L (2,6551 405,750 174,6141 331,136 Debt Debts fa15iTLg duc widiin l yeai. Debis falling diie aftei. l year {21,223) {40.828) 931 20,338 (20,292) (20,490) {62.051) 21,269 (40.782) Total 343,699 153J451 290,354 The notes foi'in part of these financsal stateinents Page 10 Splx¥li Cotiiiiiunity Il'ust YITidOii'iEdo12elli erymunedol Sblasli Notes to tlie FlnAnelal StAtemeiits rtsr tlse I'e&i' EL nded 30 Noipenil)cr 2023 ACCOUNTING POLICIEr S Basls of pi'ep&i'ing the financi81 stalenient5 11ic firmllcial stateine.iits af the tliai'ilable Company, wliicli is a public Lwiefii entity under FRS 102, have been prepared ill a¢¢Ol￿anCe wsili thc Ch*&ritics SORP (kR$ 102) 'Accoullling aiid Repoi"tin¥ by Chaiities- Stsieinellt of Recon)niended Practiec appli¢able tsi tliai"itieg piEparing tlieir accounts in Mc¢o¥daThce witl) the Fillancial Rcpoiting Standaixl applicable in the UK and Republic of Ireland (FRS 1021 {effective l Janiia]y 2019)., Fin2fLci&I Repo¥ling Standai'd 102 'The Finan¢ial Repoitillg Stat￿ard applicable in tlie UK and Republic of IIElalld' aiid the Col￿panieS Act 2006. The fillancial 51aleinertls have bttn prep&'ed Ullda. the hisiorical co8t nventioi). riun¢tlDng1 Cui'reney The fii)ancial sthtements atr presented in s￿.1111g* whicli is th¢ fimctionai cwreii¢y of the Company, iY)unded to ie lleaYe5t £1> Ineome All income is Lrcogllised ￿ the Staleineni of Fiiiancial Activities oiit¢ th¢ ¢haLity has elllitleinet]t to tke fi]nds, it 15 probable tTr￿t tlie incon￿ will be reccived and tl)e amounlean be nieasured i"e1É3bly. Expendltui'e Liabilities air recog]ised as ex])endituii as soon as there is a legal or constwctive obligation comi￿tria8 the charity tts that expendittjre, it ig pl￿babIe tliat a ttpnsfer vfecunumit benefits will be requiitd in seitleADenl and tl)e anjount of the obligation can be measured reli&bly. fxpenditure is aecoullted foi. on all accruals b2sis and ha5 beeD classified undei. lieadings tliat aggi'egate all cost iElated to the category. Where costs Cannoi be dtrectly attributed lo paiticular h¢aditLg5 tli#y have been allocated lo activities on a basis coa)sislent with the use of rcsoui"c&. Tangible fixed a$5Cts D¢p¥e¢iation is provided at tlie following annual t2tes in ordei. to write off tacli asset ovei. ils estiin8ted ￿eful life. I£￿hold prvpety Plwt and n￿chIll￿y Fixtures and fittings Con)puter equipment over Ihelsfe of the lease 2￿/0 on Rdu¢ing balance 200/0 reducing balaiice 20U/o on reducit)g balance Taiigible fixcd assets air measured at wsi I￿¥ ac¢umulated deprecEation and any accuniuiated in1paiml￿lt losses. At each irpoiting dale fixed a%4ets arc trvicwcd to de1￿Mine whethei. there ts any iiidication that tl¥J5e assets have suff¢r¢d an imi)aÉrJnent Ioss. If tliere is #n indiulion of possible iJnpaii'menL the ircoverable amount of any affected asset is esiimated and coinpai.ed willi its can'ying aiMoutLI. If estimated i'ecoverable atnount 15 lower, the ¢aiiyirtg amount is reduced to it& estithiated L'eLove¥able amount, alld impairnient loss reeognised immediately in piDfit or lo￿. If an itllpairjnent Ioss subsequently reverses, Ihe cairy aillount of the asset is increased to the irvi5ed estimate of its recoverable aiiiollnt, but not tn excess of tlie anioullt tliat would Imve been deleimiined had no iinpairinent loss been i'ecogni5cd for the asset in prior years. A reversal oran impaÈnnent loss is recogllised imtnediately in pl￿rit or loss. Stocks Stocks are Vall￿ at the lower of c05t and neE rcalisable value, aftei. making due 8llowance for obsolete and slow illoving itetns. l*xation The charity is exempi from corporati03E tax on its Cliai'ilable activities. Pagell ¢ontinued,.. SplA%li Coiiiiikuijily'fi'ust Ymddii'itdolaetli GymuTredol Sblllsh Note5 to tlie FiiiAiieial StateiJi¢nts- colltiiiued for tlic Ytai. ETtded 30 NOV￿￿￿￿. 2023 ACCOUIYTING POLIc[￿- etsijtlnued Fujid aceountillg UniLslricted fiiiiiLs caii be uscd in aceordaiice witli ilie ¢lMI'it8ble objectives al tlie dtserelion of the I￿stee$. Restiicied funds can only be used fot. pat1iciilw" IE5tricted piiiposes witliin tlje objects of tlie ¢liarity. Restrictions aiise wlien specified by tlie donor or when fluids aiE l?ised foi'partiGulai' 1"¢5kn'icted purposes. Fuitliej. explaoalioll of tile ttature ￿}dpUrpOse of each fiuid is iticlllded lli the to tlie financial statenients. HÈrt pui'chase and leA$liiE tonirnitnient5 Rentals paid uiideL OPeLatillg Icascs are chargeil to thc StateJn¢iit of FirMncial Aetivities on a stt'aight lane basis over Ihepei'iod of the lease. DONATJONS AND LEGACIES 30.11.23 30.11.22 Dojjations Llld fvndiaisllig Grants 12,397 91,926 10,681 163,928 104,323 374,609 Giants received, includeil in the above, air as follows.. 30.11.23 30.11.22 Otliei. g'ants irettved Govemiiient ￿.￿llts it) IElation to Covid 19 Gi'ant foi'challging i￿onI ¥aiovation l.'ood Povcrty Initalive Covid Siipport Hiib Levelling up 54,176 5,500 159,752 75.000 75,000 6,426 30.￿0 50,IX>O 91.926 363,928 OTHER CHARITABLE ACTtVlTIES 30.11.23 30.11.22 lieceplioll sales MeJiibeiEhip fees Cafc sales 384,551 202,290 97,407 201,099 15,398 350,553 159,944 87,075 172,068 3,707 Otlier incoine 900.745 773,347 Page 12 coiituiued... Splash C'ojniiiurtlty Ti'vst Ymdéii'iedol2cth Cyyinunedol Sblgs11 Notes to tlie lilllAnclal Statemenfs- CO￿tEllUed for tlie Yef¢i' Eoded 30 NoveEJibei' 2023 iiAISING FUNDS Otlier ti'adinE aetivitit8 30.11.23 30.11.22 )ening sto¢k Pur¢liases Closithg slo¢k Pool costs Otlicr costs of sale Inslmctor cost8 Pensions 5,243 58,789 {7,682) 25,462 6,125 28,484 12,494 700 47.804 (5,243) 16.021 6,381 29,675 12,594 128,915 107,932 SUPPORT COSTS AdministEation Olherresources expetkded 887,392 NfiT INCOMEI(EXPENDITURE) Net ittcoincl(expenditsiirl is Stated after ¢liai'gingl{¢reditiiig).' 30.11.23 30.11.22 Depreciation- owned wets Hiit of plant and machinery 18,502 4,451 19,754 3,113 TRUSTEES, REMUNERATION AND BEI NEnTS There weir no trustees, rejnuneration or other betsefils for the yeai. ended 30 Novenlber 2023 nor for the year ended 30 NOV￿nber 2022. TYu%tees' &¥p￿}seS TheiE wei'e no twstets, expense8 paid for Ilie year ejided 30 Noveniber 2023 noi. for the year ended 30 November 2022. STAFF COSTS 30.11.23 30.11.22 Wagc5 and salaries 461.180 397,853 461,180 397,853 Page 13 continued... SiJIxsl￿ Comniunlty Ti'ust Yniddii'iedolaeth GyInuncdol Sbl2511 Notes to tlie ThJiatici&l Stateinents- contÉiiued foi. the Yeai. ￿￿ed 30 Novetijbet. 2023 STAFF COSTS_ tontiJillÈd Tlie average inoJJti)ly numbei of ei]Iployees dui'iilg the yeai'was as follows.. 30.11.23 13 34 30.11.22 10 34 Full-til￿e stalf Pai.t-tii￿e staff 47 44 No einployees received eiijolumellts in excess of £60.0(K>. COMPARATIVES FOR THE STATEIIAENT OF FINANCIAL ACTIVITIES Uijresti'icled fuiid Restricied fi]iids Total fvods INCOME AND EI NDOWMENTS FROM Donalioiis and leEacies 64,857 309,752 374,609 Other Ch￿?tablE actkvilies 773,347 773,347 Total 838,204 309,752 1,147,956 F.XPENDITURE ON iiaisiiig fiinds 107.932 107,932 Other 717,044 188,366 905,410 Total 824,976 188,366 ,013,342 NET INCOME 13,228 121,386 134,614 RECONCILIATIOTrI OF FUNDS Total fuiids bi￿￿glit foiward 242.962 27.4(K 270,362 TOTAL fiUNDS CARRtED FORWARD 256,190 148,786 404,976 Page 14 Sylasli Coininunity'l'r115t Vi￿ddlY￿ed0I￿tth Gymunedol Sblash Notes to the Fiiiane181 Statements- eondjiued for t.he Year Ended 30 Novei)Ibei' 2023 10. I'ANGIBLE FIXEI D ASSETS Fixliires tMel)old pl￿pe1'ty Plallt &iid JDachiLI¢Iy Coniputcr equipmtht fittings Totals COST At E December 2022 Additions 38,395 3,715 177,595 11,951 3,354 223,059 11,95L At 30 Novcinber 2023 38,395 3.715 189,546 3,354 235,010 DEI PRECIATION At l Deccmber2022 ChaJ"ge foi year 6,593 1,536 1.725 398 107,468 16,416 2,592 152 118,378 18,502 AI 30 NoVel￿ber 2023 8,129 2,123 123,884 2,744 136,880 BOOK VALUE AI 30 November 2023 30,266 1,592 65.662 610 98,130 At 30 Noveinber 2022 31.802 1,990 70,127 762 104,681 IA. STOCKS 30.11.23 30.11.22 Stocks 6,750 5,243 12. DEBTORS; AMOUNTS VALLING DUE wrrHJN ONE YEAR 30.11.23 30.11.22 Trade debtor5 Prepaynients 5,841 40,308 6,015 46,149 6,015 13. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONB YEAR 30.11.23 30.11.22 Bank loans and overth?fts {8ee note IS) Trade cyeditors VAT oihei. ¢irdilors Aceiued expenses 22,947 34,318 4.328 22,892 15,355 2.028 4,025 33,254 9,000 70,593 77,554 Page 15 continued.., Splash CoTiimuuity fi'ust Yniddit'iedtslacth Cyinunedol Sblash Ivotes to the FliJaJi¢lAI stateli1￿lts- contiijlled foi. the Yeai. Endcd 30 Noi'emb¢i- 2023 J4. CREDITORS.. AMOUNTS FALLfNG DUE AFfF.R MORK THAN ONE YEAR 30.11.23 30.11.22 B￿]k loans {5¢E I￿te ISI 20,490 40,828 15. LOANS Ali analysis of the inaturity of lo￿ts is giveii belo￿1. 30.11.23 30.11.22 ouiits falling due within one year on danand.. overdrafts Batd( loai)s 2,655 20,292 1.669 21,223 22,947 22,892 Amounts falling belwten one and two yeais.. Bank loaJs- 1-2 yetis 9,556 20,247 Ai))ouJits falliiig duc behveeii tyvo afjd fsve years.. Baikk loan8- 2_5 yea 10,934 20,581 16. SECURED DEBTS The loan is secured by a fixed and floating cliai¥e over d)e assets of the coinpany. dated 28 Jaiiuary 2019. 17. MOVEMEI NT IN FUNDS Nct i)ioveiiienl ii) fund5 At 1.12.22 A¢ 30.11.23 Unrestiicted funds General fvnd 256,190 153,353) 202,837 Rt5ti'icted funds Food poveiiy lllitiative Covid Supijoi'l Hub Other Gants I'eceived LevelliTig up fund 83,671 65,115 (15,90C)) 7,620 400 50,000 67,765 72,735 50,OIX> 148,786 42,114 190.900 TOTAL FUNDS 404,976 111,2391 393,737 Page 16 coiitinued... SplThsh Cojijinullity Il'iist Ymddiriedolaetlj Gymunedol Sblasli Notes to tlie F5M4iicfal Statemeiit$- continued foi. tlje Yeat. Ended 30 NOv￿￿be￿ 2023 17. MOVF.MENT IN FUNDS- tojitliiutd Net moyejnent ii) fimds, included in Ilie above are as follows.. Iiicojnillg i'csour¢es Resoiirces expellded MOveme￿t in funds Uttresti'lcttd funds Genel￿ fund 913,142 (966,495) {53,353) Restr5¢ted f￿n￿8 l."ood poveity Initiative Covid Siippoi"L Huh Other Gants rcccived Levellkng up fvnd 6,426 30.000 5,500 50,000 122,332) 122,380) (5,100) {15.906) 7,620 400 50,000 91,926 (49,8121 42,114 TOTAL fiUNDS 1,005,068 (1,016.3071 (11.239} COn]p￿.￿th￿es for iiiovemeiit fllnds Net Jnovern¢nt ir] funds At l.E2.21 At 30.11.22 Unrestritt¢d funds General fund 242,962 13,228 256,190 Re8t17Cted f￿nds Food pvveity Inili