| Pages | ||
|---|---|---|
| Trustees' Annual Report |
2to 4 | |
| Independent Examiner's Report |
||
| Statement of FinancialActivities | ||
| Summary Income and Expenditure |
Account | |
| Balance Sheet | ||
| Notes to the Accounts | 9to 14 | |
| Detailed Statement of Financial Activities | 15to 16 |
| for the year ended 30Septem | ber 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Notes | E | E | f | E | |
| Income and endowments | |||||
| from: | |||||
| Donations and legacies |
1,175 | 96,410 | 97,585 | 86,693 | |
| Total | 1,175 | 96,410 | 97,585 | 86,693 | |
| Expenditure on: |
|||||
| Charitable activities |
100,000 | 100,000 | 49,000 | ||
| Other | 1,043 | 1,043 | 1,093 | ||
| Total | 1,043 | 100,000 | 101,043 | 50,093 | |
| Net gains on investments | |||||
| Net (expenditure)/income | 132 | (3,590) | (3,458) | 36,600 | |
| Transfers between funds |
|||||
| Net (expenditure)/income before other gains/(losses) |
132 | (3,590) | (3,458) | 36,600 | |
| Other gains and losses | |||||
| Net movement in funds |
132 | (3,590) | (3,458) | 36,600 | |
| Reconciliation offunds: |
|||||
| Total funds brought forward |
3,810 | 55,579 | 59,389 | 22,789 | |
| Total funds carried forward | 3,942 | 51,989 | 55,931 | 59,389 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Income | 97,585 | 86,693 | ||
| Gross income for | the year | 97,585 | 86,693 | |
| Expenditure | 101,043 | 50,093 | ||
| Total expenditure | for the | year | 101,043 | 50,093 |
| Net (expenditure)/income | before tax | |||
| for the year | (3,458) | 36,600 | ||
| Net (expenditure | )/income | for the year | (3,458) | 36,600 |
| Afan Valley Com Balance Sheet at 30September |
munity Leisure 2021 |
munity Leisure 2021 |
|||
|---|---|---|---|---|---|
| Company No. |
09756505 | Notes | 2021 | 2020 | |
| Current assets | |||||
| Cash at bank | and | in hand | 56,891 | 60,349 | |
| 56,891 | 60,349 | ||||
| Creditors: Amount falling due within one year |
8 | (960) | (960) | ||
| Net current assets | 55,931 | 59,389 | |||
| Total assets less | current liabilities | 55,931 | 59,389 | ||
| Net assets excluding | pension asset or liability | 55,931 | 59,389 | ||
| Total net assets | 55,931 | 59,389 | |||
| The funds ofthe | charity | ||||
| Restricted funds | |||||
| Restricted income |
funds | 51,989 | 55,579 | ||
| 51,989 | 55,579 | ||||
| Unrestricted funds |
|||||
| Designated funds |
3,942 | 3,810 | |||
| 3,942 | 3,810 | ||||
| Reserves | |||||
| Totalfunds | 55,931 | 59,389 |
| Income | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Recognition | of | Income is included in the Statement of Financial Activities (SoFA) when the |
charity | ||||||
| income | becomes entitled to, and virtually certain |
to receive, the income and | the | amount of | |||||
| the income can be measured with sufficient reliability. |
|||||||||
| Income with | related | Where income has related expenditure the income and related expenditure |
is | ||||||
| expenditure | reported gross in the SoFA. |
||||||||
| Donations | and | Voluntary income received by way ofgrants, donations and gifts is included |
in | the | |||||
| legacies | the SoFA when receivable and only when |
the Charity has unconditional | |||||||
| entitlement to the income. |
|||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the same time as |
the | ||||||
| donations | and | gifts | gift/donation to which it relates. |
||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable |
and | |||||||
| material. | |||||||||
| Volunteer | help | The value of any volunteer help received |
is not included in the accounts. |
||||||
| Investment | income | This is included in the accounts when receivable. |
|||||||
| Gains/(losses) | on | This includes any gain or loss resulting from revaluing investments to |
market value | ||||||
| revaluation | of | fixed | at the end ofthe year. | ||||||
| assets | |||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale of investments. |
|||||||
| investment | assets | ||||||||
| Expenditure | |||||||||
| Recognition | of | Expenditure is recognised on an accruals |
basis. Expenditure includes |
any | VAT which | ||||
| expenditure | cannot be fully recovered, and is reported |
as part ofthe expenditure | to | which | it | ||||
| relates. | |||||||||
| Expenditure | on | These comprise the costs associated with |
attracting voluntary income, fundraising |
||||||
| raising funds | trading costs and investment management |
costs. | |||||||
| Expenditure | on | These comprise the costs incurred by the |
Charity in the delivery of its |
activities | and | ||||
| charitable | activities | services in the furtherance of its objects, |
including the making ofgrants |
and | |||||
| governance costs. |
|||||||||
| Grants payable | All grant expenditure is accounted for on |
an actual paid basis plus an | accrual for | ||||||
| grants that have been approved by the trustees at the end ofthe year but not |
yet | ||||||||
| paid. | |||||||||
| Governance | costs | These include those costs associated with |
meeting the constitutional | and statutory | |||||
| requirements ofthe Charity, including any audit/independent examination |
fees, | ||||||||
| costs linked to the strategic management |
ofthe Charity, together with a share |
of | |||||||
| other administration costs. |
|||||||||
| Other expenditure | These are support costs not allocated to a particular activity. |
| 3 Statement |
of Financial | Activities - prior year | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | |||
| 2020 | 2020 | ||||
| Income and endowments | from: | ||||
| Donations | and legacies | 782 | 85,911 | 86,693 | |
| Total | 782 | 85,911 | 86,693 | ||
| Expenditure on: |
|||||
| Charitable | activities | 49,000 | 49,000 | ||
| Other | 1,093 | 1,093 | |||
| Total | 1,093 | 49,000 | 50,093 | ||
| Net income | (311) | 36,911 | 36,600 | ||
| Net income before other gains/(losses) |
(311) | 36,911 | 36,600 | ||
| Other gains and losses: | |||||
| Net movement | in funds | (311) | 36,911 | 36,600 | |
| Reconciliation | offunds: | ||||
| Total funds brought forward | 4,121 | 18,668 | 22,789 | ||
| Total funds carried forward | 3,810 | 55,579 | 59,389 |
| No | tes tothe Accounts | tes tothe Accounts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | Income from donations | and legacies | ||||||||
| Unrestricted | Restricted | Total | Total | |||||||
| 2021 | 2020 | |||||||||
| Big Lottery Fund awarded The National Lottery |
by | 79,910 | 79,910 | 64,911 | ||||||
| Neath Port Talbot Covid-19 | ||||||||||
| Business Support Grant | ||||||||||
| (2020: Neath Port Talbot | 16,500 | 16,500 | 11,000 | |||||||
| Council for Voluntary | ||||||||||
| Service) | ||||||||||
| Pen-y-Cymoedd Wind |
Farm | |||||||||
| Community Fund |
10,000 | |||||||||
| Small Donations individually less than f1,000 |
1,175 | 1,175 | 782 | |||||||
| 1,175 | 96,410 | 97,585 | 86,693 | |||||||
| 5 | Expenditure on charitable |
activities | ||||||||
| Restricted | Total | Total | ||||||||
| 2021 | 2020 | |||||||||
| Expenditure on charitable |
||||||||||
| activities | ||||||||||
| Afan Valley Swimming | Pool | 100,000 | 100,000 | 49,000 | ||||||
| Governance costs |
||||||||||
| 100,000 | 100,000 | 49,000 | ||||||||
| 6 | Other expenditure | |||||||||
| Unrestricted | Total | Total | ||||||||
| 2021 | 2020 | |||||||||
| Premises costs | 19 | 19 | 35 | |||||||
| General administrative | costs | 64 | 64 | 98 | ||||||
| Legal and professional | costs | 960 | 960 | 960 | ||||||
| 1,043 | 1,043 | 1,093 | ||||||||
| 7 | Staff costs | |||||||||
| No trustee or persons | connected | with them received | any remuneration | from the charity, | ||||||
| or any related entity. | ||||||||||
| The average monthly |
number of | full time equivalent | employees | during the year was as follows: | ||||||
| 2021 | 2020 | |||||||||
| Number | Number | |||||||||
| Engaged on charitable |
||||||||||
| activities |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Accruals | 960 | 960 | ||||||
| 960 | 960 | |||||||
| 9 | Movement | in funds | ||||||
| Incoming | ||||||||
| resources | At 30 | |||||||
| (including other |
Resources expended |
September 2021 |
||||||
| At 1October | gains/losses | |||||||
| 2020 | ) | |||||||
| f. | ||||||||
| Restricted | funds: | |||||||
| Restricted | income funds: | |||||||
| Afan Valley | Swimming | Pool | 55,579 | 96,410 | (100,000) | 51,989 | ||
| Total | 55,579 | 96,410 | (100,000) | 51,989 | ||||
| Unrestricted | funds: | |||||||
| Designated | funds: | |||||||
| Unrestricted | Revenue | Funds | 3,810 | 1,175 | (1,043) | 3,942 | ||
| Total | 3,810 | 1,175 | (1,043) | 3,942 | ||||
| Total funds | 59,389 | 97,585 | (101,043) | 55,931 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Total | |||||
| funds | funds | ||||
| f. | 6 | ||||
| Net | current | assets | 3,942 | 51,989 | 55,931 |
| 3,942 | 51,989 | 55,931 |
| Reco | ncili | ation | ofnet debt | |||||
|---|---|---|---|---|---|---|---|---|
| At 30 | ||||||||
| At | 1 | October | September | |||||
| 2020 | Cash flows | 2021 | ||||||
| f | f | |||||||
| Cash | and | cash | equivalents | 60,349 | (3,458) | 56,891 | ||
| 60,349 | (3,458) | 56,891 | ||||||
| Net | debt | 60,349 | (3,458) | 56,891 |
| for the year ended 30 | S | ep | tem | ber 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| 2021 | 2021 | 2020 | ||||||
| E | f. | E | ||||||
| Income and endowments | from: | |||||||
| Donations and legacies |
||||||||
| Big Lottery Fund awarded National Lottery |
by | The | 79,910 | 79,910 | 64,911 | |||
| Neath Port Talbot Covid-19 |
||||||||
| Business Support Grant (2020: Neath Port Talbot Council for |
16,500 | 16,500 | 11,000 | |||||
| Voluntary Service) |
||||||||
| Pen-y-Cymoedd Wind |
Farm | 10,000 | ||||||
| Community Fund |
||||||||
| Small Donations individually than f1,000 |
less | 1,175 | 1,175 | 782 | ||||
| 1,175 | 96,410 | 97,585 | 86,693 | |||||
| Total income and endowments | 1,175 | 96,410 | 97,585 | 86,693 | ||||
| Expenditure on: |
||||||||
| Charitable activities |
||||||||
| Afan Valley Swimming | Pool | 100,000 | 100,000 | 49,000 | ||||
| 100,000 | 100,000 | 49,000 | ||||||
| Total ofexpenditure on activities |
charitable | 100,000 | 100,000 | 49,000 | ||||
| Premises costs | ||||||||
| Rent | 19 | 19 | 35 | |||||
| General administrative | costs, | |||||||
| including depreciation |
and | |||||||
| amortisation | ||||||||
| Bank charges | 64 | 84 | ||||||
| Sundry expenses | 14 | |||||||
| 64 | 64 | 98 | ||||||
| Legal and professional | costs | |||||||
| Audit/Independent | examination | 960 | 960 | 960 | ||||
| fees | ||||||||
| 960 | 960 | 960 | ||||||
| Total ofexpenditure of |
other | costs | 1,043 | 1,043 | 1,093 | |||
| Total expenditure | 1,043 | 100,000 | 101,043 | 50,093 | ||||
| Net gains on investments | ||||||||
| Net (expenditure)/income | 132 | (3,590) | (3,458) | 36,600 |
| Detailed Statement of Finan | cial Activities | ||||
|---|---|---|---|---|---|
| Net (expenditure)/income other gains/(losses) |
before | 132 | (3,590) | (3,458) | 36,600 |
| Other Gains | |||||
| Net movement in funds |
132 | (3,590) | (3,458) | 36,600 | |
| Reconciliation offunds: |
|||||
| Tata I funds brought forwa rd |
3,810 | 55,579 | 59,389 | 22,789 | |
| Total funds carried forward | 3,942 | 51,989 | 55,931 | 59,389 |