**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.
Page 1
**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.
Page 2
**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.
1. We have purchased our building as a long-term community owned asset which has been redeveloped by involving the community in design and development.
2. We have reduced the core costs of local community action by over £12,500 per year compared to 2017/18.
3. 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).
4. 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.
5. 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.
6. 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.
7. 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.
Page 3
**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
Page 4
**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:
1. 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
3. 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: .............................................
Page 6
**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
Page 7
## **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
Page 8
**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.
Page 9
continued...
**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|
|---|---|---|
Page 10
continued...
## **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|
|---|---|---|---|
Page 11
continued...
**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|
|---|---|---|---|
Page 12
continued...
## **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|
|---|---|---|
Page 13
continued...
**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|
|---|---|---|---|---|
Page 14
continued...
## **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.
Page 15
**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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16
## **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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 17