REGISTERED CHARITY NUMBER: 1191535
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022
for Brighter Futures
Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 0RN
Brighter Futures
Contents of the Financial Statements for the year ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
Brighter Futures
Report of the Trustees for the year ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our Vision:
We will develop as a robust and resilient, locally led charity with the ability to reduce the negative impacts of poverty on individuals and families by effectively utilising our physical resources, and community skills to grasp new opportunities.
Our Purpose:
Our Charity exists to improve emotional and physical well-being of our beneficiaries by providing activities and services that reduce the effect of poverty, isolation, and loneliness.
Our Values:
We will strive to ensure we meet our communities needs by being: Sustainable - through cost reduction, income generation and representing ourselves well Trusted - safe and assured (quality marked and regularly audited) Resilient - responsive and adaptable to changing community needs In touch - through regular audits and consultations, remaining well informed Varied - able to support multiple groups, activities, and services Explained - open and transparent, accountable to our community
Our Mission:
We will provide a high-quality facility that is as energy efficient and economically sound, from the facility we will offer a wide range of inclusive activities and services that encourage individual resilience alongside community cohesion.
Significant activities
Our Background
Our charity is located in the most deprived ward of Wales and was formed in 2018 as a response to the need for a joined-up approach to tackling local issues, creating opportunity, and developing resilient community action.
Initial seeds were sown as far back as 2014 when the Communities First Programme was withdrawn from West Rhyl, this left several small groups isolated and alone, the majority failed and closed their doors, however a small number remained and struggled on, over time these groups took small steps towards appreciating and understanding each other which developed a platform for dialogue.
In 2018 with austerity measures impacting greatly on individuals and groups locally, group leaders discussed ideas around closer partnership working and a new consortium was created for a "strength in numbers" approach to tackling local issues.
An audit was undertaken by members of each group together to identify a new facility that could house a number of groups scattered around the ward and reduce long term core running by sharing resources, An old pub called the Liverpool Arms which had been a blight on our community and cause for significant concern for the police and local authority was shut down by the courts just weeks before the consortium was born.
In a scene reminiscent of the 1984 movie Ghostbusters, the group's leaders attended a viewing of the facility and it reminded us when the ghostbusters discuss the building they are viewing to renovate into their headquarters and how it is totally unsuitable an should really be condemned, only for another team member to slide down a fireman's pole say "this is great, lets sleep here tonight!"
However it was decided that despite the amount of work involved, this was a significant statement to make, showing that "rag tag" collective of community groups in the most deprived area in Wales could come together and take on the redevelopment of the worst public house in the town and transform it into a beacon for a Brighter Future on a shoe string budget by involving the whole community in the works, from police officers and school teacher to local traders and young people all providing their time to bring the building back to life.
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Brighter Futures
Report of the Trustees for the year ended 31 March 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The groups and activities run have included the Rhyl Men's Shed, Women's Shed, Kidz Shed, Parent and Toddler group and a number of arts and crafts-based activities.
Our activities and groups over the year have included:
Rhyl Men's Shed
Rhyl Men's Shed is a group led by its members. Our overall aim is to reduce both the causes and effects of isolation and loneliness, poverty and social exclusion affecting Men in our community. Our secondary aim is to build strong, trusting, and lasting relationships and to run inclusive, educative and fun community events. We deliver participative, engaging projects that benefit those involved while enhancing the community, we always seek to gather views, undertake research and promote involvement in decision making to ensure a dynamic and flexible organisation able to adapt to local needs and the needs of members and the wider community.
Our Shed was the first Established in North Wales and has been running and growing since September 2013.
Rhyl Youth Cafe
Our group has young people at the heart of running activities for themselves at our community facility with staff on hand to guide and encourage, building skills and confidence in young people through creating the space for them to become involved in delivering services for themselves from social activities to games and sports which also provides diversionary activities off the streets of Rhyl and free meals.
Rhyl Parent & Toddler Group
Our Parent and toddler group provides for children from birth to 5 years. An informal and friendly environment for parents and carers to bring children to play and interact with others to build confidence and social skills. Songs, stories, small world, messy play, role play area, baby area with activity mats and floor toys. Snack time consists of a variation of cereal, toast, various fruit, biscuits and milk whilst also encouraging them to sit at the table with others. Parents/carers share and give advice to each other of their experiences during the children's first few years such as potty training, temper tantrums, feeding, money issues, housing and general parenting, the groups aims to provide a space where people feel a part of our community and a place to build relationships.
Rhyl Women's Shed
Rhyl Women's Shed is an informal Ladies Group that any female of any age can attend. We provide a comfortable safe place where women from all walks of life can all meet up and do as much or as little as they want. Some may take part in various structured activities such as crafts, Mosaic making, and training courses and others just drop in for a cuppa and a friendly chat, reducing isolation and loneliness. The women involved also have the chance to raise money for charitable causes, participate in trips away and get involved in community benefit projects.
Girls Group
Over a 18 month period we have run a pilot girls project with support from the Community Foundation in Wales, this pilot provided weekly sessions for girls and young women, facilitated by female staff which sought to build varied skills and confidence through fun activities and learning in a female only space, the activities focus on issues highlighted by the girls involved and ranged from sports to lifestyle choices.
Moontime
Sadly in our current climate many people are forced to turn Food Banks as a way of life and recent research has shown that many women and young girls are struggling to afford female hygiene products that are an absolute necessity. After recognising this we set up The Moon Time Project.
The projects aim is to make that time of the month less of a burden for those Women. We have set times where discreet Moon Packs can be collected free of charge for anyone that need them. Each pack contains Sanitary products, Deodorant, Shower gel, Tooth Brush and Toothpaste and Shampoo and Conditioner. We currently distribute to schools, community facilities and anyone coming in from the streets.
Street Games
Our street games group is run by young people themselves, we run sessions every week for young people to "get physical" and try out various games and activities, as well as
mainstream sports we play games based on young people's interests (such as computer games like Fortnite and encourage members to play computer games in the real world, we also run fit & fed programmes ensuring all those involved have access to food and activities free of any charge.
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Brighter Futures
Report of the Trustees for the year ended 31 March 2022
ACHIEVEMENT AND PERFORMANCE
Organisational Progression
With revenue investment coming from the Steve Morgan Foundation we were able to employ a facility caretaker, this freed up valuable volunteer time for structural development to take us from a rag tag network of voluntary community groups stumbling and clambering to support our community with just best intentions and little in terms of strategy to becoming a registered Charity, where governance and remaining grounded/community led are on an equal footing, we are confident our journey stuck to the principles we set ourselves of staying on track (T.R.A.C.K) by becoming Transparent Regulated Accountable Compliant and Knowledgeable, following initial improvements we have also began working with the Cranfield Trust and other support organisations to continue this journey where it is local people who are engaged and empowered to make the changes they want to see.
Facility Progression
With Capital investment from the Welsh Government and Trusthouse Foundation, 8 local groups currently use the facility to engage with over 300 local people per week and provide an engagement point for other support agencies to engage with many of those individuals that require support but would normally be hard to reach.
This engagement is currently being taking place on a daily basis with costs to each group now being below £500 per year which provides a location to work from, service chargers, insurance and equipment. This reduction in running costs will provide long term sustainability for each group as many of the groups has a monthly core cost exceeding £400 per month prior to CFP support.
Almost all works are now complete on our facility, below are a number of significant milestones to highlight the impact of the CFP capital investment and revenue investment from other funders.
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We have purchased our building as a long-term community owned asset which has been redeveloped by involving the community in design and development.
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We have reduced the core costs of local community action by over £12,500 per year compared to 2017/18.
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We have transformed a 19th century building from an eyesore with an energy performance certification of "G" to a flagship community facility discussed and highlighted across Wales and England with a current energy performance of "A" (and we hope to achieve Net Zero by the end of 2022).
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We have reduced our energy (electricity) usage by 82.1% in 12 months through various improvements such as renewable technologies seeing a quarterly reduction in use from 3,739kWh to 670kWh.
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We have achieved the Platinum Award from our Local Service Board for Conwy and Denbighshire for our "green pledge" and recently won the best entrepreneurial charity award from the Steve Morgan Foundation.
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We are currently developing a short "top tips" document on our work that is to be used by a number of Grant funders in North Wales to support other groups looking to reduce running costs.
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We have been able to use cost savings to free up resources and develop a new Community Café and Repair Café social enterprises which both generate a small income stream by recycling and reusing.
The solar panels formed a big part of our energy efficiency plan and to date (as of this month) our stats are recorded as 'power used' every quarter compared to the quarter of Aug - Nov 2021 (next quarter will be the one that really gives us a full picture.)"
Q1 we used 3,739kWh (pre Energy saving plan) - 0% (baseline)
Q2 we used 1,594kWh - 42.6% Compared to Q1
The reduction is costs has happened despite us increasing use of the building (being open more often and providing more meals, a repair Café and Weekly Community Cafe).
We hope to see a greater reduction in the coming six months.
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Brighter Futures
Report of the Trustees for the year ended 31 March 2022
FINANCIAL REVIEW
Going concern
During the COVID19 pandemic many of our services continued to run as remodelled mobile services, however as restricted eased we have been able to return to centre based work.
We have continued to focus our work on delivering a mix of face to face and temporary mobile services to our members/community during lock-down, this has been in the form of creating packs for individuals and families such as: Sports packs for Children and Young People containing tennis rackets, balls, hula-hoops etc. Food packs for individuals and families containing various food from tinned foods to fresh fruit, alongside this we have also delivered pre-cooked meals for a number of our older members. Hygiene packs for women and men containing soaps, toothpaste, deodorants, and sanitary products. Fun packs for children that have included covid capsules, toys, games, drawing / crafts materials, and sweets. We have also sent out various activity packs focused on art and craft projects for specific events such as Christmas, Easter, Mothers and father's day.
We have also been able to purchase new IT equipment which has enabled us to increase access to the internet and online training courses for people isolating at home.
We also arranged training and information sharing / peer support for all member groups and external partners with support from the WCVA, we identified several common challenges and concerns then set about working together to address a highlighted issue of information overload, we collated all government and NGO guidance into one place, shared our interpretations of it and used the space to connect with each other and look for opportunities for joint working and resource sharing.
PERFORMANCE
Community benefit
We have run 281 activities across multiple generations. We have run 66 mobile projects.
We have provided 34 courses/training sessions engaging 173 individuals. Number of unique visits to the facility: 14,144 Number of Volunteers engaged: 16 Number of meals provided: 6122
Our internal development
We have been working with and supported by a number of external partners including the Cranfield Trust and Sported to make improvements t our group and plan for the future is a more sustainable and robust way, this work will continue in 2022/23 at which point we hope to achieve a number of quality mark goals we have set for the charity.
Acknowledgements & Thanks
Brighter Futures has been kindly supported and mentored by various organisations including The Steve Morgan Foundation - www. stevemorganfoundation.org.uk
The Cranfield Trust - www.cranfieldtrust.org Prime Cymru - www.primecymru.co.uk North Wales Regional Equality Network - www.nwren.org.uk Sported UK - www.sported.org.uk Keep Wales Tidy - www.keepwalestidy.cymru North Wales Police - www.north-wales.police.uk Men's Shed Cymru - www.mensshedscymru.co.uk CVSC - www.cvsc.co.uk WCVA - www.wcva.cymru
STRUCTURE, GOVERNANCE AND MANAGEMENT
Brighter Futures became a registered Charity on 29 September 2020, as a result of broadening the services offered by the organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1191535
Principal address
34 Wellington Road Rhyl Denbighshire LL18 1BN
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Brighter Futures
Report of the Trustees for the year ended 31 March 2022
Trustees
Mr S Owen (resigned 1/12/21) Mrs J Jones Miss K Park Mrs J Owen (appointed 1/12/21) Miss C Allen (appointed 1/12/21) Mr S Poole (appointed 1/12/21) Mrs J Simmonds (appointed 1/12/21)
Independent Examiner
Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 0RN
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... Trustee
Page 5
Independent Examiner's Report to the Trustees of Brighter Futures
Independent examiner's report to the trustees of Brighter Futures
I report to the charity trustees on my examination of the accounts of Brighter Futures (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW Chartered Accountant which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Aled Roberts ICAEW Chartered Accountant Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 0RN
Date: .............................................
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Brighter Futures
Statement of Financial Activities for the year ended 31 March 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,055 Charitable activities Costs of generating voluntary income 56,889 Other trading activities 2 1,420 Investment income 3 1,610 Total 66,974 EXPENDITURE ON Raising funds 4 19,023 Charitable activities Costs of generating voluntary income 23,417 Other - Total 42,440 NET INCOME 24,534 Transfers between funds 11 17,547 Net movement in funds 42,081 RECONCILIATION OF FUNDS Total funds brought forward 67,172 TOTAL FUNDS CARRIED FORWARD 109,253 |
Restricted funds £ 1 224,955 - - 224,956 4,703 31,741 - 36,444 188,512 (17,547) 170,965 32,884 203,849 |
2022 Total funds £ 7,056 281,844 1,420 1,610 291,930 23,726 55,158 - 78,884 213,046 - 213,046 100,056 313,102 |
2021 Total funds £ 1,648 160,894 - - 162,542 11,136 50,866 5,000 67,002 95,540 - 95,540 4,516 100,056 |
|---|---|---|---|
The notes form part of these financial statements
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Brighter Futures
Balance Sheet 31 March 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 84,301 CURRENT ASSETS Debtors 8 14,225 Cash at bank and in hand 10,740 24,965 CREDITORS Amounts falling due within one year 9 (13) NET CURRENT ASSETS 24,952 TOTAL ASSETS LESS CURRENT LIABILITIES 109,253 NET ASSETS 109,253 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 162,612 - 41,871 41,871 (634) 41,237 203,849 203,849 |
2022 Total funds £ 246,913 14,225 52,611 66,836 (647) 66,189 313,102 313,102 109,253 203,849 313,102 |
2021 Total funds £ 77,752 - 29,701 29,701 (7,397) 22,304 100,056 100,056 67,172 32,884 100,056 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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Brighter Futures
Notes to the Financial Statements for the year ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold property | - 2% on cost |
|---|---|
| Improvements to property | - 10% on cost |
| Plant and machinery | - 20% on cost |
| Fixtures and fittings | - 20% on cost |
| Motor vehicles | - 20% on cost |
| Computer equipment | - 33% on cost |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Going concern
Before the start of the financial year the World Health Organisation (WHO) declared Covid-19 as a worldwide pandemic. In relation to this the trustees have reviewed the charity's performance and all other considerations, and as a result believe that the going concern basis is reasonable.
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2022
2. OTHER TRADING ACTIVITIES
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fundraising events | 550 | - |
| Shop income | 870 | - |
| 1,420 | - | |
| INVESTMENT INCOME | ||
| Rents received | 2022 £ 1,610 |
2021 £ - |
| RAISING FUNDS | ||
| Raising donations and legacies | ||
| Support costs | 2022 £ 23,649 |
2021 £ 11,136 |
3. INVESTMENT INCOME
4.
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
During the year ended 31 March 2022 £77 (2021: £897) was reimbursed for directly incurred travel and general expenses to 1 Trustee.
Brighter Futures also paid £16,296 to a trustee in relation to salary on behalf of Rhyl Mens Shed.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,648 Charitable activities Costs of generating voluntary income 97,750 Total 99,398 EXPENDITURE ON Raising funds 7,468 Charitable activities Costs of generating voluntary income 23,465 Other 5,000 Total 35,933 NET INCOME 63,465 Transfers between funds (810) Net movement in funds 62,655 |
Restricted funds £ - 63,144 63,144 3,668 27,401 - 31,069 32,075 810 32,885 |
Total funds £ 1,648 160,894 162,542 11,136 50,866 5,000 67,002 95,540 - 95,540 |
|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS COST At 1 April 2021 Additions At 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 COST At 1 April 2021 Additions At 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
Fixtures and fittings £ 3,960 3,992 7,952 159 441 600 7,352 3,801 |
Unrestricted Restricted funds funds £ £ 4,516 - 67,171 32,885 Improvements Freehold to property property £ £ - 63,917 161,354 11,360 161,354 75,277 - - 2,175 4,643 2,175 4,643 159,179 70,634 - 63,917 Motor Computer vehicles equipment £ £ 4,850 6,024 - 3,246 4,850 9,270 157 821 970 2,526 1,127 3,347 3,723 5,923 4,693 5,203 |
Total funds £ 4,516 100,056 Plant and machinery £ 180 - 180 42 36 78 102 138 Totals £ 78,931 179,952 258,883 1,179 10,791 11,970 246,913 77,752 |
|---|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2022
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Rhyl Mens shed 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 10) Taxation and social security Other creditors 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans 11. MOVEMENT IN FUNDS At 1/4/21 £ Unrestricted funds General fund 67,172 Restricted funds Steve Morgan Foundation 8,067 Gwynt y Mor Fund 3,381 Waterloo Foundation 2,545 Comic Relief 9,500 Moondance 4,745 Community Foundation in Wales 3,026 Rhyl Community Partnership 920 WCVA 700 Postcode - Welsh Government - 32,884 TOTAL FUNDS 100,056 |
Net movement in funds £ 24,534 1,045 7,475 5,163 - 4,630 1,120 - 14,098 16,868 138,113 188,512 213,046 |
2022 £ 14,225 2022 £ 13 472 162 647 2022 £ 13 Transfers between funds £ 17,547 753 (3,135) - (9,500) (4,745) - (920) - - - (17,547) - |
2021 £ - 2021 £ 5,001 325 2,071 7,397 2021 £ 5,001 At 31/3/22 £ 109,253 9,865 7,721 7,708 - 4,630 4,146 - 14,798 16,868 138,113 203,849 313,102 |
|---|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2022
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Moondance Community Foundation in Wales WCVA Postcode Welsh Government TOTAL FUNDS Comparatives for movement in funds At 1/4/20 £ Unrestricted funds General fund 4,516 Restricted funds Steve Morgan Foundation - Gwynt y Mor Fund - Waterloo Foundation - Comic Relief - Moondance - Community Foundation in Wales - Rhyl Community Partnership - Princes Charity Community Action - WCVA - - TOTAL FUNDS 4,516 |
Incoming resources £ 66,974 15,600 7,500 5,163 5,600 1,500 29,625 19,968 140,000 224,956 291,930 Net movement in funds £ 63,466 8,067 3,381 2,545 9,500 4,745 3,026 920 (506) 396 32,074 95,540 |
Resources Movement expended in funds £ £ (42,440) 24,534 (14,555) 1,045 (25) 7,475 - 5,163 (970) 4,630 (380) 1,120 (15,527) 14,098 (3,100) 16,868 (1,887) 138,113 (36,444) 188,512 (78,884) 213,046 Transfers between At funds 31/3/21 £ £ (810) 67,172 - 8,067 - 3,381 - 2,545 - 9,500 - 4,745 - 3,026 - 920 506 - 304 700 810 32,884 - 100,056 |
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2022
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Comic Relief Moondance Community Foundation in Wales Rhyl Community Partnership Princes Charity Community Action WCVA TOTAL FUNDS |
Incoming resources £ 99,398 19,031 3,449 2,545 9,500 5,600 3,900 920 4,350 13,849 63,144 162,542 |
Resources Movement expended in funds £ £ (35,932) 63,466 (10,964) 8,067 (68) 3,381 - 2,545 - 9,500 (855) 4,745 (874) 3,026 - 920 (4,856) (506) (13,453) 396 (31,070) 32,074 (67,002) 95,540 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Comic Relief Moondance Community Foundation in Wales Rhyl Community Partnership Princes Charity Community Action WCVA Postcode Welsh Government TOTAL FUNDS |
At 1/4/20 £ 4,516 - - - - - - - - - - - - 4,516 |
Net movement in funds £ 88,000 9,112 10,856 7,708 9,500 9,375 4,146 920 (506) 14,494 16,868 138,113 220,586 308,586 |
Transfers between funds £ 16,737 753 (3,135) - (9,500) (4,745) - (920) 506 304 - - (16,737) - |
At 31/3/22 £ 109,253 9,865 7,721 7,708 - 4,630 4,146 - - 14,798 16,868 138,113 203,849 313,102 |
|---|---|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Comic Relief Moondance Community Foundation in Wales Rhyl Community Partnership Princes Charity Community Action WCVA Postcode Welsh Government TOTAL FUNDS 12. CAPITAL COMMITMENTS Contracted but not provided for in the financial statements |
Incoming resources £ 166,372 34,631 10,949 7,708 9,500 11,200 5,400 920 4,350 43,474 19,968 140,000 288,100 454,472 |
Resources Movement expended in funds £ £ (78,372) 88,000 (25,519) 9,112 (93) 10,856 - 7,708 - 9,500 (1,825) 9,375 (1,254) 4,146 - 920 (4,856) (506) (28,980) 14,494 (3,100) 16,868 (1,887) 138,113 (67,514) 220,586 (145,886) 308,586 2022 2021 £ £ - 160,000 |
|---|---|---|
During the year ended 31st March 2022, the Charitable Company Purchased the property on Wellington Road, Rhyl for an estimated £161,354.
13. RELATED PARTY DISCLOSURES
During the year, Brighter Futures made payments totalling £16,296 to a trustee in relation to salary on behalf of Rhyl Mens Shed.
As at the year end there is an other debtor totalling £14,225 in relation to this amount that is owed from Rhyl Mens Shed to Brighter Futures.
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Brighter Futures
Detailed Statement of Financial Activities for the year ended 31 March 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Project fees Other trading activities Fundraising events Shop income Investment income Rents received Charitable activities Grants Wages recharge Rent recharge IT recharge Total incoming resources EXPENDITURE Other trading activities Trustees' expenses Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Rent Licences and subscriptions Training Membership costs Travelling and subsistence Computer and IT costs Cleaning and waste disposal Allotment costs Motor expenses Event expenditure Other Donations |
2022 £ 7,054 2 7,056 550 870 1,420 1,610 267,034 12,480 1,200 1,130 281,844 291,930 77 24,755 - 61 326 1,009 2,793 334 1,735 2,969 1,300 262 1,988 3,507 2,439 400 1,018 6,725 1,690 1,847 55,158 - |
2021 £ - 1,648 1,648 - - - - 160,894 - - - 160,894 162,542 - 26,122 360 318 226 389 1,015 405 988 2,100 5,200 241 4,888 455 1,707 465 3,058 1,263 698 968 50,866 5,000 |
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This page does not form part of the statutory financial statements
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Brighter Futures
Detailed Statement of Financial Activities for the year ended 31 March 2022
| Support costs Management Long leasehold Improvements to property Plant and machinery Fixtures and fittings Motor vehicles Computer equipment Finance Bank charges Information technology Repairs and renewals Governance costs Accountancy and legal fees Legal and professional fees Total resources expended Net income |
2022 £ 2,175 4,643 36 441 970 2,525 10,790 14 10,621 2,224 - 2,224 78,884 213,046 |
2021 £ - - 36 132 157 810 1,135 - 7,015 1,990 996 2,986 67,002 95,540 |
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This page does not form part of the statutory financial statements
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