## **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 2024 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 = 2 Range of grant values = between £100-£250 Total Value of grants = £510.00 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 surplus of £445.00 was made for the year ending May 2024 with a closing cash funds balance of £562.40. The surplus was incurred due to delay in training provider invoicing for approved grant funding, compared to the corporate funding from JKCS. Bank balance at beginning of period was at £117.40, 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. ||**Cronfa JK**|**Cronfa JK**|**Cronfa JK**|**1190225**|**1190225**|**1190225**|**CC16a**| |---|---|---|---|---|---|---|---| ||**For the period**
**from**|01/06/2023|**To**||31/05/2024||| ||||||||| |**Section A Receipts and payments**|||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**1,000**
**-**
**-**
**-**
**-**
**-**
**1,000**
**-**
**-**
**-**
**1,000**
**510**
**45**
**-**
**-**
**-**
**-**
**-**
**-**
**555**
**-**
**-**
**-**
**555**
**445**
**-**
**-**
**445**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Total funds**
**to the nearest £**
**1,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,000**
**-**
**-**
**-**
**1,000**
**510**
**45**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**555**
**-**
**-**
**-**
**555**
**445**||**Last year**
**to the nearest £**| |Commerical Donations(JKCS)|**1,000**||||||**2,000**| |Funeral Donations|||||||| ||||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**1,000**||||||**2,000**| ||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||| ||**-**||||||| ||**-**||||||**-**| |**_Sub total_**|**-**||||||**-**| |**_Total receipts_ **
**A3 Payments**|||||||| ||||||||**2,000**| ||||||||| |TrainingProviders|**510**||||||**2,125**| |Bank Charges|**45**||||||**60**| ||||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_ **|**555**||||||**2,185**| ||||||||| |**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_**|||||||| ||||||||**2,185**| ||||||||| ||**445**|**-**|**-**||**445**||**- 185**| ||**-**|**-**|**-**||**-**||**-**| ||**-**|**-**|**-**||**-**||**-**| ||**445**|**-**|**-**||**445**||**- 185**| 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 £**
**562**
**-**
**-**
**-**
**-**
**-**
**562**
**-**
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)