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 2023 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 £2,000.00
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 = 9
Range of grant values = between £100-£250
Total Value of grants = £2125.00
As a 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 £185.00 was made for the year ending May 2023 with a closing cash funds balance of £117.40. The loss was incurred due to higher grant funding outgoing, than corporate funding from JKCS. Bank balance at beginning of period was at £302.40, therefore no funding was needed to cover grant payments for the period, other than the £2000 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.
| Cronfa JK | Cronfa JK | Cronfa JK | 1190225 | 1190225 | 1190225 | CC16a | |
|---|---|---|---|---|---|---|---|
| For the period from |
01/06/2022 | To | 31/05/2023 | ||||
| Section A Receipts and payments | |||||||
| A1 Receipts | Unrestricted funds to the nearest £ 2,000 - - - - - 2,000 - - - 2,000 2,125 60 - - - - - - 2,185 - - - 2,185 - 185 - - - 185 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 2,000 - - - - - - - 2,000 - - - 2,000 2,125 60 - - - - - - - 2,185 - - - 2,185 - 185 |
Last year to the nearest £ |
||
| Commerical Donations(JKCS) | 2,000 | 1,000 | |||||
| Funeral Donations | |||||||
| - | |||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| Sub total(Gross income for AR) |
2,000 | 1,000 | |||||
| A2 Asset and investment sales, (see table). |
|||||||
| - | |||||||
| - | - | ||||||
| Sub total | - | - | |||||
| Total receipts A3 Payments |
|||||||
| 1,000 | |||||||
| TrainingProviders | 2,125 | 2,572 | |||||
| Bank Charges | 60 | 30 | |||||
| - | |||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| **Sub total ** | 2,185 | 2,602 | |||||
| A4 Asset and investment purchases, (see table) |
|||||||
| - | |||||||
| - | |||||||
| **Sub total ** | - | - | |||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||
| 2,602 | |||||||
| - 185 | - | - | - 185 | - 1,602 | |||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| - 185 | - | - | - 185 | - 1,602 |
CCXX R1 accounts (SS)
09/10/2024
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds CCXX R2 accounts (SS) |
Details Details Total cash funds (agree balances with receipts and payments account(s)) HSBC Details Details Details Signature 2 |
Unrestricted funds Restricted funds to nearest £ to nearest £ 117 - - - - - 117 - Agreement Error OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Martin Kelly-Roberts |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Martin Kelly-Roberts | 9/10/24 | ||
| 2 | 09/10/2024 |
CCXX R2 accounts (SS)