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|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|
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|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|||
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||||||||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|||
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|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.|||
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|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||
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|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|
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|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||
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|||||2022|2021||
|---|---|---|---|---|---|---|
|||||6|6||
|Depreciation||ofowned assets||3,542|||
|Rent||||63,750|||
|Auditors|remuneration|||3,000|||
|Accountancy||and taxation|advice|11,505||720|
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|||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|||||
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|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||
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|||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|
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|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|
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|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||
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||||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|