## **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
An￿￿￿1 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