Cronfa JK Trustee Annual Report
The board of trustees of Cronfa JK present their annual report and audited accounts for the year ended May 31st 2022 and confirm they comply with the requirements of the Charities Act 2011.
Our Aim
Our aim is to provide grant funding for individuals, who are ineligible to qualify for grant funding from any other funding stream towards training, within the Anglesey and Gwynedd area.
Along with external partners and training providers, individuals are encouraged to apply for funding to help with training to develop their access to employment or even improve their chances of employment
Our Objectives
Our objectives reflect our settings aims and ethos. It is important to us to provide funding for those who really need the support. Funding is usually a major stumbling block for individuals to gain access to further training
Finances
The financial statements show gross incoming for the year for the setting as £1,000.00
The principal source of income is John Kelly Construction Services Ltd (Corporate Funding) who are currently funding the charity as a corporate funder.
Number of grants provided = 11
Range of grant values = between £100-£250
Total Value of grants = £2571.60
As an charity, we are unable to reclaim VAT input tax on our costs as we are exempt for VAT purposes. Therefore all invoices paid to Training Providers include VAT.
As shown on the accounts a loss of £1601.60 was made for the year ending May 2022 with a closing cash funds balance of £302.40. The loss was incurred due to higher grant funding outgoing, than corporate funding from JKCS. Bank balance at beginning of period was at £1904.00, therefore no funding was needed to cover grant payments for the period, other than the £1000 as noted.
Conclusion
The board of trustees are currently happy with the financial status of Cronfa JK, and have been reviewing the awarding processes for future grants awards.
No change has been made to the current procedures.
CHARITY COMMISSION FOR ENGLAND AND WALES Cronfa JK 1190225 Receipts and payments accounts CC16a For the period from 011(W2021 To 3110512022 Section A Receipts and payments Unrestrlcted funds Restricted nd8 Endowrnent funds Total funds Last y•ar to r**rn8t£ to tho r••r•st£ to th• nMr8st £ to tlw n•arngt£ A1 Rècelpts Commedc81 Don8ts0n$ IJKCS) Funeral DDnalion$ 1,SOQ Sub total ( ross income or AR) 1180 A2 Asset and investmgnt salK, {see table). Sub total 2.180 A3Pa ments Training Providers Bank Charge8 1572 2,572 276 Sub total 1602 2.602 276 A4 Asset and Investment pur¢h•sos. Isèé tsbltl Sub total 2,602 1602 276 Net of recelpW{payments) AS Transfers betwaèn funds A6 Cash funds last year end Cash funds this year ond 1,602 CCXX R1 accounts ISSI 2810412023
Section B Statement of assets and liabilities at the end of the period Unrestricted fvnds Restrictsd funds Efidowmènt funds t¢ n•ar•¥t £ to naarost £ noarest£ 81 Cagh funds HSBC 302 Total cash funds 302 cuM(s)) Unrestrlctsd funds Restrlctsd funds to n•or••t£ Endowment funds to nMr•8t£ 10 n8are8t£ Fund to whkh CoBt loptionall Curr•nt V41u0 tfjonal Fund to •s¥¢t b810 CurTrnt valu• onal i4 Cust lopt6oMII B4 Assots retained for tho ¢harity's own u8• Fufid to whieh An1 du• DAlplls Vlhgn dug onal B5 Liabllitios Signad by one or two tNste6s on behalf of all the truste8s Signature Print Name Date of roval CCXX R2 accounts ISSI