| Page | ||
|---|---|---|
| Company Information |
||
| Report ofthe Trustees | ||
| Report ofthe Independent | Auditors | 12 |
| Statement ofFinancial Activities | 15 | |
| Balance Sheet | 16 | |
| Statement ofCash Flows | 17 | |
| Notes to the Financial Statements | 18 |
| FOR THE YEAR ENDED 31 | DE | CEMBER 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Note | Funds | Funds | 2022 | 2021 | |||
| 6 | 6 | 6 | 6 | ||||
| INCOME | |||||||
| Donations and grants |
2 | 813,987 | 260,000 | 1,073,987 | 8,624 | ||
| Other trading activities |
3 | 135,058 | 135,058 | ||||
| Other income | 4 | 1,522 | 1,522 | ||||
| Investment income |
4 | 521 | 521 | ||||
| Totat Income | 951,088 | 260,000 | 1,211,088 | 6,624 | |||
| EXPENDITURE | |||||||
| Charitable activities |
5 | 685,709 | 665,709 | 1,132 | |||
| Totat expenditure | 685,709 | 665,709 | 1,132 | ||||
| Net income and net movement | in funds | 265,378 | 260,000 | 525,378 | 7,492 | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
1 January 2022 | 7,492 | 7,492 | ||||
| Total funds carried forward | 31 | December 2022 | 272,670 | 260,000 | 532,870 | 7,492 |
| BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|
| ASAT31DECEISBE | 2022 | |||||
| 2022 | 2021 | |||||
| Notes | ||||||
| FIXEDASSETS: | ||||||
| Tangible assets | ||||||
| CURRENTASSETS: | ||||||
| Stock | 10 | 4,310 | ||||
| Debtors | 11 | 155,410 | ||||
| Cash at bank | 240,080 | 6,230 | ||||
| 399,780 | 8,230 | |||||
| CREDITORS: Amounts | falling | |||||
| due within one year | 12 | 292,391 | 738 | |||
| NET CURRENT ASSETS: | 107,389 | |||||
| TOTAL ASSETSLESS CURRENT LIABILITIES: |
5222IT5 | 2452, | ||||
| FUNDS: | ||||||
| Unrestricted funds: |
||||||
| Unrestricted funds: |
272„870 | 2,492 | ||||
| Restricted funds | 260,000 | |||||
| I4ETASSETS | 552,525 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 5 | |||||||||
| Net cash | provided | by/(used) | in | operating | activities | 420,852 | 8,230 | ||
| Net cash | provided | by/(used) | in | investing | activities | (429,023) | |||
| Net cash | provided | by/(used) | in | financing | activities | 240,000 | |||
| Increase | in cash and | cash equivalents | in the | year | 231,829 | 8,230 | |||
| Cash and | cash equivalenis atthe |
beginning | ofthe year | 8,230 | |||||
| Total cash and cash equivalents | at | the end ofthe year | 240,059 | 8,230 | |||||
| Cash generated from operating |
activities | ||||||||
| 2022 | 2021 | ||||||||
| 6 | L | ||||||||
| Surplus for the year | 525,378 | 7,492 | |||||||
| Adjustments for: |
|||||||||
| Depreciation offixed |
assets | 3,542 | |||||||
| Decrease | / (Increase) in debtors |
(159,720) | |||||||
| (Decrease) / Increase in creditors |
51,652 | 738 | |||||||
| Net cash | provided | by/(used) | in | operating | activities | 420,852 | 8,230 | ||
| Cashflows from Investing activities |
|||||||||
| 2022 | 2021 | ||||||||
| Purchase | of Property, plant and |
equipment | (429,023) | ||||||
| Net cash | provided | by/(used) | in | investing | activities | (429,023) | |||
| Cashflows from Financing activities |
|||||||||
| 2022 | 2021 | ||||||||
| 6 | L | ||||||||
| Cash inflows from net borrowing | 240,000 | ||||||||
| Net cash | provided | by/(used) | in | financing | activities | 240,000 |
| Donations | and | Grants | Unrestricted | Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | Total | 2021 | |||||||||
| 6 | 6 | 6 | 6 | |||||||||
| Donafions | & Outreach income |
813,987 | 813,987 | 8,624 | ||||||||
| Grants | 260,000 | 260,000 | ||||||||||
| Total Incoming | resources | ofvoluntary | income from | |||||||||
| generated | funds | 813,987 | 260,000 | 1,073,987 | 8,624 | |||||||
| The Charity benefits greatly |
from the involvement | and | enthusiastic support |
of its many | volunteers, | |||||||
| details of | which | are given | in our annual report. |
In | accordance with FRS 102 and the Charities |
SORP | ||||||
| (FRS102),the | economic | contribution | ofgeneral | volunteers is not |
recognised | in the accounts. |
| INCOMING RESOURCES FR | OM OTHER | TRADING ACTIV | ITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total | 2021 | ||
| 6 | 6 | ||||
| Shop & cafe income | 101,110 | 101,110 | |||
| Catering income |
7,436 | 7,436 | |||
| Rental income | 26,346 | 26,346 | |||
| Venue hire | 167 | 167 | |||
| Total income from charitable | activities | 135,058 | 135,058 |
| OTHER INCOME | |||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Interest income | 521 | ||||
| Other income | 1,522 | ||||
| 2,043 | |||||
| ANALYSIS OF CHARITABLE | EXPENDITURE | ||||
| Charitable | Governance | 2022 | 2021 | ||
| activities | Total | Total | |||
| Costs directly allocated | to | 6 | |||
| activities | |||||
| Direct costs | 244,981 | 244,981 | |||
| Irrecoverable VAT |
12,156 | 12,156 | |||
| Premises costs | 88,692 | 88,692 | |||
| Wages and employment | costs | 124,756 | 124,756 | ||
| Telephone costs | 1,138 | 1,138 | |||
| Travelling | 107,588 | 107,588 | |||
| Licences &insurance | 17,553 | 17,553 | |||
| Legal & professional | 34486 | 34,286 | |||
| Audit &Accountancy |
8,805 | 5,700 | 14,505 | 1,132 | |
| Bank charges | 7,983 | 7,983 | |||
| Office administration | 11,450 | 11,450 | |||
| Equipment hire |
8,344 | 8,344 | |||
| Advertising | 8,540 | 8,540 | |||
| Sundry | 196 | 196 | |||
| Depreciation | 3,542 | 3,542 | |||
| resources expended | 645,722 | 39,986 | 685,709 | 1,132 |
| TOTAL RESOU | RCE | S EXPENDED | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | L | |||||
| Wages &Salaries | 123,712 | |||||
| Pensions Costs | 1,044 | |||||
| 124,756 | ||||||
| The average number |
ofemployees | analysed | by function was: | |||
| 2022 | 2021 | |||||
| Direct charitable | expenditure | 12 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 6 | 6 | |||||
| Depreciation | ofowned assets | 3,542 | ||||
| Rent | 63,750 | |||||
| Auditors | remuneration | 3,000 | ||||
| Accountancy | and taxation | advice | 11,505 | 720 |
| Leasehold | Fixtures | Motor | |||
|---|---|---|---|---|---|
| Improvements | and Fittings | Vehicles | Total | ||
| COST: | |||||
| At 1 January 2022 | |||||
| Additions | 399,661 | 15,059 | 14,302 | 429,023 | |
| At 31 December | 2022 | 399,661 | 15,059 | 14,302 | 429,023 |
| DEPRECIATION: | |||||
| At 1 January 2022 | |||||
| Charge for year | 3,542 | 3,542 | |||
| At 31 December | 2022 | 3,542 | 3,542 | ||
| NET BOOK VALUE: | |||||
| At 31 December | 2022 | 399,661 | 15,059 | 10,761 | 425,482 |
| At 31 December | 2021 |
| 9 | Leasehold improvements have not yet been depreciated due to the as STOCK |
sets not yet being in |
use. |
|---|---|---|---|
| 2022 | 2021 | ||
| 6 | L | ||
| Atma lounge stock | 4,310 | ||
| 4,310 | |||
| 10 | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | ||
| Account receivables | 1,764 | ||
| Other debtors | 83,601 | ||
| Prepayrnents | 70,045 | ||
| 155,410 |
| 2022 | 2021 | ||
|---|---|---|---|
| Creditors | 25,697 | ||
| Wages payable | 112 | ||
| Social Security 8 Other Taxes | 3,480 | ||
| Pensions | payable | 839 | |
| Accruals | 22,263 | 738 | |
| Loans | 240,000 | ||
| 292,391 | 738 |
| RESTR | ICTED FUNDS | ||||
|---|---|---|---|---|---|
| Balance | Income | Expenses | Balance | ||
| 1.1.22 | 31.1222 | ||||
| Capital | Grant Welsh Government | 250,000 | 250,000 | ||
| National | Lottery | 10,000 | 10,000 | ||
| 260,000 | 260,000 |
| ANALYSIS OF NET ASSETS BETWEEN | FUNDS | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| Tangible fixed assets | 10,761 | 250,000 | 260,761 |
| Net current assets | 262,110 | 10,000 | 272,110 |
| Total net assets | 272,870 | 260,000 | 532,870 |
| The following | The following | operating | lease payments | are committed | to be paid: | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| 6 | |||||||
| Payable | |||||||
| Underone | year | 28,800 | |||||
| Between | 2-5 | years | 1,500 | ||||
| 30,300 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Income including | donations: | |||||
| Donations 6OuVeach income | 813,987 | 8,624 | ||||
| Grant income | 260,000 | |||||
| Other trading | activities | 135,058 | ||||
| Investments | 521 | |||||
| Other income | 1,522 | |||||
| 1,211,088 | 8,624 | |||||
| Expenditure: | ||||||
| Charitable activities |
109,450 | |||||
| Event venue | hire | 3,323 | ||||
| Direct costs | 132,208 | |||||
| irrecoverable | VAT | 12,156 | 56 | |||
| Rent | 63,750 | |||||
| Rates | 5,000 | |||||
| Insurance | 17,553 | |||||
| Light &Heat | 15,527 | |||||
| Travel | 74,502 | |||||
| Motor | 33,086 | |||||
| Printing, postage and stationary |
2,988 | |||||
| Telephone | 1,138 | |||||
| Computer costs |
3,556 | 239 | ||||
| Equipment hire |
8,344 | |||||
| Repairs and renewals |
4,906 | |||||
| Cleaning | 4,415 | |||||
| Training | 37 | |||||
| Bank charges | 1,276 | 42 | ||||
| Card machine | fees | 6,707 | 73 | |||
| GIRs | 159 | |||||
| Wages | 123,712 | |||||
| Pension cost | 1,044 | |||||
| Consultancy | 31,185 | |||||
| Professional | and legal | 3,101 | ||||
| Accountancy | fees | 14,505 | 720 | |||
| F.R.Expenses | 4,833 | |||||
| Ch.Ac expenses | 3,707 | |||||
| Depreciation: | ||||||
| Motor vehicle | 3,542 | |||||
| 685,709 | 1,132 | |||||
| Net Surplus | 525,379 | 7,492 |