OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

REGISTERED COMPANY NUMBER: CE010781 (England and Wales) REGISTERED CHARITY NUMBER: 1174269

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

FOR

BRYMBO HERITAGE TRUST

M. D. Coxey and Co. Limited Chartered Accountants 25 Grosvenor Road Wrexham LL11 1BT

BRYMBO HERITAGE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16

BRYMBO HERITAGE TRUST

REPORT OF THE TRUSTEES FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1st August 2019 to 31st December 2020. 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

(a) To promote for the benefit of the public the preservation, protection and improvement of historical artefacts, structures, buildings and landscapes which are of historic or architectural importance relating to Wrexham's industrial heritage.

(b) To promote for the benefit of the public the conservation of the Brymbo Fossil Forest.

(c) To advance the education of the public in the geography, history, natural history and architecture of Brymbo and adjacent areas

(d) The promotion for the public benefit of urban or rural regeneration in areas of social and economic deprivation and in particular Brymbo by the following means:

o to provide education, training and re-training opportunities and work experience, especially for unemployed people; o to provide, maintain and improve recreational facilities; o to provide public amenities

Significant activities

To restore Brymbo's purpose by turning a decaying underused area into a nationally recognised visitor/educational centre and to provide studios, apprentice workshops and office spaces for start up businesses. By this re-use of our historical industrial buildings for this wide variety of purposes the Trust aims to promote the social and economic regeneration of Brymbo.

Public benefit

The trustees are mindful of the Charity Commission's requirement to report on public benefit and the following summary of achievements indicates how our activities contribute towards public benefit.

STRATEGIC REPORT

Achievement and performance

Charitable activities

Our third year of activity to 31st December 2020 has been focussed on further building our capacity as an organisation to deliver a complex multi-million pound project. This led to the submission of our NLHF bid in November 2019 with success in March 2020 in securing £4.15m towards the full £7m cost of Stori Brymbo, together with success attracting multiple match funding contributions from government and charitable trust sources.

Throughout the period we have also ensured that we continue to have strong and robust governance in place and continue to build the infrastructure to support the delivery of the project.

Unfortunately, the pandemic has hindered progress on both the Stori Brymbo project and our Roots To Shoots landscaping project, with both highly reliant on volunteers' activities that have been largely prohibited. The financial challenges have been mitigated by the job retention scheme and emergency grant aid from both the NLHF's Heritage Emergency Fund and the Welsh Government's Cultural Recovery Fund.

Continued negotiations have taken place throughout the year with the land owners to allow the Trust access to land for the project.

Financial review

Financial position

The total unrestricted and restricted funds held at the year end are shown on the balance sheet on page 7 of the financial statements.

The trustees have reviewed the Charity's need for reserves in line with the Charity Commission guidelines.

Page 1

BRYMBO HERITAGE TRUST

REPORT OF THE TRUSTEES

FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

STRATEGIC REPORT

Financial review

Reserves policy

BHT will work towards establishing a level of unrestricted reserves that is inline with the Charities Commission's guidance in order to safeguard the organisation, protect options for future development and to achieve the following: o The option to develop new services or expand current ones in line with the changing needs of the community. o To ensure that delays in the receipt of expected income do not interrupt services or cause serious financial difficulty for the charity.

o The ability to survive unexpected setbacks and problems arising from internal or external causes.

Future plans

Our main focus for the year ahead will be the negotiation of terms with the land owner and gaining permission to start from NLHF.

The year ahead will also see us delivering the third of 7 years of the Create Your Space programme, where we will be focussing on land permissions to undertake building conservation, environmental improvement and public engagement works;

We will be consolidating and formalising our partnerships with key public sector organisations who support and champion our work, recognising the increasing degree of operational collaboration that is taking place to realise shared objectives; and

We will further strengthen our organisational resilience by looking at Trustee development, board development and the potential to bring on additional Trustees during the year ahead.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. It is registered with the Charity Commission as a Charitable Incorporated Organisation, number 1174269.

Appointment of new trustees

New Trustees may be recruited to the Board at any time by the Trustees. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Organisational structure

The board of trustees, which shall number a minimum of 5 with no maximum number, administers the charity. The board meets 12 times a year.

Induction and training of new trustees

New trustees undergo a training process to explain to them their statutory obligations under charity and company law, the Memorandum and Articles of Association, the organisational structure and decision making process, Trustees are encouraged to attend suitable external events, where these will enhance the substance and quality of their role. All trustees, both existing and newly appointed, are required to confirm they have read and understood, the Charity Commission booklet CC3A, "The essential trustee" and CC3 "The essential trustee, what you need to know".

Related parties

Some of the trustees of Brymbo Heritage Trust are also members of Brymbo Heritage Group and Directors of Brymbo Heritage Limited.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE010781 (England and Wales)

Registered Charity number

1174269

Page 2

BRYMBO HERITAGE TRUST

REPORT OF THE TRUSTEES

FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

Registered office

Brymbo Enterprise Centre Blast Road Brymbo Wrexham LL11 5BT

Trustees

B P Winstanley C Davies (resigned 30.8.19) R K Williams B Gresty (resigned 25.2.20) B Stapley (resigned 20.10.20) N S Amyes Chair of Trustees Professor B A Thomas D Brindley (resigned 15.10.19) D Sutherland (appointed 24.7.20)

Company Secretary

B P Winstanley

Independent Examiner

Anthony Lewis FCCA, ACA M. D. Coxey and Co. Limited Chartered Accountants 25 Grosvenor Road Wrexham LL11 1BT

Bankers

National Westminster Bank Plc 33 Lord Street Wrexham LL11 1LP

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 9th August 2021 and signed on the board's behalf by:

N S Amyes - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRYMBO HERITAGE TRUST

Independent examiner's report to the trustees of Brymbo Heritage Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 1st August 2019 to 31st December 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Anthony Lewis FCCA, ACA M. D. Coxey and Co. Limited Chartered Accountants 25 Grosvenor Road Wrexham LL11 1BT

9th August 2021

Page 4

BRYMBO HERITAGE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
52,412
Other income
-
Total
52,412
EXPENDITURE ON
Charitable activities
3
Management of site
2,415
NET INCOME/(EXPENDITURE)
49,997
RECONCILIATION OF FUNDS
Total funds brought forward
130,821
TOTAL FUNDS CARRIED FORWARD
180,818		 Restricted
funds
£
565,407
1,106
566,513
570,487
(3,974)
190,113
186,139		 Period
1.8.19
to
Year Ended
31.12.20
31.7.19
Total
Total
funds
funds
£
£
617,819
778,413
1,106
6,913
618,925
785,326
572,902
575,389
46,023
209,937
320,934
110,997
366,957
320,934

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 5

BRYMBO HERITAGE TRUST

BALANCE SHEET

31ST DECEMBER 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
128,869
CURRENT ASSETS
Stocks
9
249
Debtors
10
-
Cash at bank
51,700
51,949
CREDITORS
Amounts falling due within one year
11
-
NET CURRENT ASSETS
51,949
TOTAL ASSETS LESS CURRENT
LIABILITIES
180,818
NET ASSETS
180,818
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
73,896
-
10,945
114,225
125,170
(12,927)
112,243
186,139
186,139		 31.12.20
Total
funds
£
202,765
249
10,945
165,925
177,119
(12,927)
164,192
366,957
366,957
180,818
186,139
366,957		 31.7.19
Total
funds
£
208,536
-
309,700
17,227
326,927
(214,529)
112,398
320,934
320,934
130,821
190,113
320,934

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 9th August 2021 and were signed on its behalf by:

N S Amyes - Trustee

The notes form part of these financial statements

Page 6

BRYMBO HERITAGE TRUST

CASH FLOW STATEMENT FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Period
1.8.19
to
Year Ended
31.12.20
31.7.19
£
£
148,698
155,236
148,698
155,236
-
(161,058)
-
(161,058)
148,698
(5,822)
17,227
23,049
165,925
17,227

The notes form part of these financial statements

Page 7

BRYMBO HERITAGE TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Increase in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 Period
1.8.19
to
Year Ended
31.12.20
31.7.19
£
£
46,023
209,937
5,770
3,487
(249)
-
298,756
(83,233)
(201,602)
25,045
148,698
155,236

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.8.19
£		 At 1.8.19
£		 Cash flow
£		 At 31.12.20
£		 At 31.12.20
£
Cash at bank 17,227 148,698 165,925
17,227 148,698 165,925
Total 17,227 148,698 165,925

The notes form part of these financial statements

Page 8

BRYMBO HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's presentation currency is pound sterling.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

Status and principal activities

Brymbo Heritage Trust is a charitable incorporated organisation, registered in Wales. The registration number and registered office address can be found on the Report of the Trustees.

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.

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.

Allocation and apportionment of costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated to charitable activities across each activity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - in accordance with the property Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost Computer equipment - 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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

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.

continued...

Page 9

BRYMBO HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

1. ACCOUNTING POLICIES - continued

Fund accounting

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

2. DONATIONS AND LEGACIES

Donations
Grants
Other		 Period
1.8.19
to
Year Ended
31.12.20
31.7.19
£
£
6,898
129,917
604,298
647,999
6,623
497
617,819
778,413

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

Grant
HLF Grant
AHF
Cadwyn Clwyd
RCDF
Big Lottery - CAT 2
Create Your Space
Heritage Emergency Fund
Wales Cultural Recovery Fund
The Wolfson Foundation
CJRS Grants
Youth Skills Project
BTRT		 Period
1.8.19
to
Year Ended
31.12.20
31.7.19
£
£
-
1,070
289,740
361,666
-
12,000
1,176
12,000
-
31,716
-
21,109
150,608
208,438
48,900
-
22,970
-
50,000
-
38,981
-
400
-
1,523
-
604,298
647,999

continued...

Page 10

BRYMBO HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

3. CHARITABLE ACTIVITIES COSTS

----- Start of picture text -----
||| |---|---| |Direct| |Costs| |£| |Management of site|572,902|

----- End of picture text -----

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |Period| |1.8.19| |to|Year Ended| |31.12.20|31.7.19| |£|£| |Depreciation - owned assets|5,771|3,487|

----- End of picture text -----

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31st December 2020 nor for the year ended 31st July 2019.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31st December 2020 nor for the year ended 31st July 2019.

6. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |Period| |1.8.19| |to|Year Ended| |31.12.20|31.7.19| |£|£| |Wages and salaries|233,078|183,446| |233,078|183,446|

----- End of picture text -----

The average monthly number of employees during the period was as follows:

----- Start of picture text -----
|||| |---|---|---| |Period| |1.8.19| |to|Year Ended| |31.12.20|31.7.19| |Project staff|9|9| |Management and administration|2|2| |11|11|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

continued...

Page 11

BRYMBO HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other income
Total
EXPENDITURE ON
Charitable activities
Management of site
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
Improvements
to
Plant and
property
machinery
£
£
COST
At 1st August 2019 and
31st December 2020
197,121
9,919
DEPRECIATION
At 1st August 2019
-
2,423
Charge for year
-
2,976
At 31st December 2020
-
5,399
NET BOOK VALUE
At 31st December 2020
197,121
4,520
At 31st July 2019
197,121
7,496		 ACTIVITIES
Unrestricted
fund
£
129,425
-
129,425
-
129,425
1,396
130,821
Fixtures
and
fittings
£
653
206
196
402
251
447		 Restricted
funds
£
648,988
6,913
655,901
575,389
80,512
109,601
190,113
Computer
equipment
£
6,031
2,559
2,599
5,158
873
3,472		 Total
funds
£
778,413
6,913
785,326
575,389
209,937
110,997
320,934
Totals
£
213,724
5,188
5,771
10,959
202,765
208,536

continued...

Page 12

BRYMBO HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

9.
STOCKS
Stocks
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accruals and deferred income
Accrued expenses
12.
MOVEMENT IN FUNDS
At 1.8.19
£
Unrestricted funds
General fund
130,821
Restricted funds
Restricted fund
190,113
TOTAL FUNDS
320,934
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
52,412
Restricted funds
Restricted fund
566,513
TOTAL FUNDS
618,925		 31.12.20
31.7.19
£
£
249
-
31.12.20
31.7.19
£
£
127
1,072
41
8,692
10,777
299,936
10,945
309,700
31.12.20
31.7.19
£
£
3,371
42,829
-
170,000
7,656
-
1,900
1,700
12,927
214,529
Net
movement
At
in funds
31.12.20
£
£
49,997
180,818
(3,974)
186,139
46,023
366,957
Resources
Movement
expended
in funds
£
£
(2,415)
49,997
(570,487)
(3,974)
(572,902)
46,023

continued...

Page 13

BRYMBO HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.8.18
£
Unrestricted funds
General fund
1,396
Restricted funds
Restricted fund
109,601
TOTAL FUNDS
110,997
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
129,425
Restricted funds
Restricted fund
655,901
TOTAL FUNDS
785,326
13.
CAPITAL COMMITMENTS
Contracted but not provided for in the financial statements		 Net
movement
At
in funds
31.7.19
£
£
129,425
130,821
80,512
190,113
209,937
320,934
Resources
Movement
expended
in funds
£
£
-
129,425
(575,389)
80,512
(575,389)
209,937
31.12.20
31.7.19
£
£
-
-

14. RELATED PARTY DISCLOSURES

During the year Brymbo Heritage Trust received donated assets of £nil (2019: £128,793) from Brymbo Heritage Group.

Brymbo Heritage Trust has a balance due from Brymbo Heritage Limited in the sum of £41 (2019: £8,692). These amounts are shown in other debtors: amounts falling due within one year.

The trustees of Brymbo Heritage Trust are also trustees of Brymbo Heritage Group and directors of Brymbo Heritage Limited.

continued...

Page 14

BRYMBO HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

15. LEGAL STATUS OF THE CHARITY

The charity is a charitable incorporated organisation, registered in Wales. The registration number and registered office address can be found on the Company Information page.

16. FINANCIAL INSTRUMENTS

The carrying amount for each category of financial instruments is as follows:-

Financial assets that are debt instruments measured at amortised cost
Financial liabilities measured at amortised cost		 31.12.20
£
166,091
12,927		 31.7.19
£
26,993
214,529

Page 15

BRYMBO HERITAGE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1ST AUGUST 2019 TO 31ST DECEMBER 2020

Period
1.8.19
to Year En ded
31.12.20 31.7.19
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 6,898 129,917
Grants 604,298 647,999
Other 6,623 497
Other income 617,819 778,413
Staff recharges 1,106 6,913
Total incoming resources 618,925 785,326
EXPENDITURE
Charitable activities
Wages 233,078 183,446
Insurance 2,302 1,217
Telephone 2,336 1,931
Refreshments for events - 427
Project management 48,368 98,576
Project costs 95,188 78,796
Room hire 10,849 3,152
Training costs 2,092 7,768
Advertising 546 34
Plant hire 1,900 372
Professional fees 165,315 193,196
Print, postage and stationery 1,691 2,079
CYS project costs 3,467 713
Depreciation of tangible fixed assets 5,770 3,487
Support costs 572,902 575,194
Information technology
Repairs and renewals - 195
Total resources expended 572,902 575,389
Net income 46,023 209,937

This page does not form part of the statutory financial statements

Page 16