REGISTERED CHARITY NUMBER: 1191535
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
Brighter Futures
Report of the Trustees for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 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Initial seeds were sown as far back as 2014 when the Communities First Programme was withdrawn from West Rhyl, this left several small groups isolated and alone, the majority failed and closed their doors, however a small number remained and struggled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.
Volunteers
Volunteers are at the heart of our Charity, at every level they are essential to our success and ensuring they are supported and celebrated is a key priority.
This year our volunteers have been supported with essential training including, Safeguarding Children & Vulnerable Adults, Health & Safety, First Aid and using an AED, Food Hygiene and Allergens, Manual Handling, Abrasive wheels safety, PATT testing, Cooking and Bakery skills. Youth work and a Silver Smith Course to be able to make Jewellery.
We have celebrated our volunteers successes with regularly internal awards and certificates, day trips and fun activities as part of our commitment to IIV standards. We have also put in place new measures for the next twelve months to support volunteers further and wider.
Our volunteers have participated in thousands of hours of supporting our community groups, repair cafe, community gardens and administration work.
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Brighter Futures
Report of the Trustees for the year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE Charitable activities Performance
Community benefit:
We have run 518 separate activities and sessions across multiple generations. We have supported 7 community projects offsite. We have hosted 4 visits from other communities. We have completed 4 litter picking sessions. We have maintained 2 community allotments / green spaces. We have provided 24 courses/training sessions engaging over 100 individuals. We have engaged and supported 31 volunteers. We have achieved 2 new recognition quality marks. We arranged 5 social trips offsite. Number of meals provided: 9693 (excluding community café meals). Hosted 3 connected communities meetings
Number of unique visits to the facility: 15717 (excluding community cafe and none participants).
Charity Network
We have worked alongside Sported to develop the Connected Communities Programme in Rhyl to host a number of informal meetings and develop an online community with over 30 local and regional orgiansations with the aim of improving collaboration and aquiring shared resources.
We have a new Community Fleet of vehicles for groups to access funded primarily by the Gwynt Y Mor Community Fund, National Lottery Moondance Foundation and Steve Morgan Foundation which provides local organisation with low cost transport.
We are currently developing a shared Community Assets Bank which will provide events and sports equipment to groups free of charge.
General Activities
We have continued our core projects with the staffing supported primarily by the Steve Morgan Foundation, Trust House Foundation and Tudor Trust, (these funds cover our core staff costs) and enabled us to run the Men’s Shed, Women’s Shed, Kidz Shed, Youth Shed, Community Café, Parent and Toddler, and Repair Café, these are daily activities (Monday to Friday) that provide a safe space to reduce isolation and loneliness, access support, and ensure they are fit and fed and represent our core activities.
During the winter months, three additional sessions have been run including a childrens breakfast club, family club and seniors group.
We have worked with a number of private sector organisations to develop 2 new greening projects which provide fruit, vegetables and herbs for local people to enjoy.
We have been working to establish a network of community orgainsations and increase collaboration across the town to increase opportunities, and strengthen groups through collaboration and shared learning.
Our Facility
Our facility remains the foundation for our activities, and our base to work from. We have made significant energy efficient improvements this year including fully removing all Gas supply / reliance and converting heating and hot water generation to an ASHP system with solar iboost and UFH.
We own the building, removing all need to cover rent costs which allowed us to invest in energy efficiency, accessibility, and adaptability improvements, opening up opportunities for external organisations such as Denbighshire Young Carers, Barnardo’s, Young and Mindful (LGBT+), Sported and Conwy Connect amongst others to benefit from the low cost facility. We also host the new connected communities group (an informal
partnership of more than 25 voluntary and statutory organisations trying to collaborate and support each other).
Mobility charging points have been installed at the side of the building in close proximity to the disabled entrance allowing users at no cost to charge their mobility scooters. The wall at the rear of the premises which is situated besides the sports area now has a climbing wall with various skill levels for children and young people to access freely.
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Brighter Futures
Report of the Trustees for the year ended 31 March 2024
Our Employees
We have continued to focus on employee development to enhance the effectiveness of our activities. Our team work across multiple themes and groups and therefore they have a wide range of training and support needs which we have attempted to address by providing new supervision procedures and implementing a new appraisal system.
In addition, new training has been completed, including the following subjects: ILM Volunteer Management, Safeguarding Children & Vulnerable Adults, Health & Safety, Sight loss / Vision awareness and BSL, First Aid and using an AED, Allergens awareness, Youthwork, Supervision in the youth work context, ACE’s, ADHD and Autism awareness. Dementia and other cognitive needs.
While completing our Investing in Volunteers standards, we used the learning to incorporate principles and quality systems to support paid staff.
Team building events have seen staff visit Locked in for a fun day following a staff training day. The building was also closed for a week in the Summer Holidays. This is the first time in the charity undertook an annual shutdown for staff wellbeing and so they could enjoy a well-deserved break.
Our Trustees
We have have continued to meet regulary throughout the year, spending time in discussing, reviewing and reflecting on the needs of our charity and community we serve, ensuring the work being completed continues to address local needs.
Over the year all our policies and procedures have been refreshed and the charity has worked to ensure that new improved quality marks have been achieved and maintained to comply with our vision, purpose, mission, and pillars.
We have ensured that adequate resources have been allocated to ensure we remain effective and able to provide services and support and low costs, balancing value for money with quality.
Our whole team has been delighted to have been winners at the Steve Morgan Foundation 20th Anniversary Awards.
Our Community
We have continued to engage with our community and remain commited to ensuring we remain on T.R.A.C.K (Transparent, Regulated, Accountable, Compliant, and Knowledgeable).
We have used a variety of methods to ensure we achieve our TRACK targets including
Regular social media updates Digital Media productions / short films Regular monthly staff, volunteer and trustee reports Community HUB website Parents & Carers Open Day Press/News releases Community visits Various consultions internally and externally Hosting community meetings and network lunches
Thank you
We are extremely fortunate to be able to support our community and improve peoples lives, this is made possible by our funders, supporters and partners, and we are humbled and grateful to each and every one for enabling our work in Rhyl.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Brighter Futures became a registered Charity on 29 September 2020.
The Charity is managed by a board of Volunteers, Volunteer CEO and a small team of paid employees and volunteers.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1191535
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Brighter Futures
Report of the Trustees for the year ended 31 March 2024
Principal address
34 Wellington Road Rhyl Denbighshire LL18 1BN
Trustees
Mrs J Jones Miss K Park Mrs J Owen Miss C Allen Mr S Poole Mrs J Simmonds Mr K Lewis
Independent Examiner
Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 0RN
3rd Dec 2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Trustee
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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 2024.
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
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:
-
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
-
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
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 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 15,175 Charitable activities Costs of generating voluntary income 23,283 Other trading activities 2 13,963 Investment income 3 - Total 52,421 EXPENDITURE ON Raising funds 4 55,853 Charitable activities Costs of generating voluntary income 29,740 Other - Total 85,593 NET INCOME/(EXPENDITURE) (33,172) Transfers between funds 11 21,621 Net movement in funds (11,551) RECONCILIATION OF FUNDS Total funds brought forward 85,983 TOTAL FUNDS CARRIED FORWARD 74,432 |
Restricted Endowment funds fund £ £ 1 - 152,530 - - - - - 152,531 - 17,009 - 108,103 - - - 125,112 - 27,419 - (21,622) - 5,797 - 240,502 - 246,299 - |
2024 Total funds £ 15,176 175,813 13,963 - 204,952 72,862 137,843 - 210,705 (5,753) (1) (5,754) 326,485 320,731 |
2023 Total funds £ 5,554 197,267 13,833 497 217,151 55,225 129,729 18,814 203,768 13,383 - 13,383 313,102 326,485 |
|---|---|---|---|
The notes form part of these financial statements
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Brighter Futures
Balance Sheet 31 March 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 74,323 CURRENT ASSETS Debtors 8 529 Cash at bank and in hand 483 1,012 CREDITORS Amounts falling due within one year 9 (906) NET CURRENT ASSETS 106 TOTAL ASSETS LESS CURRENT LIABILITIES 74,429 NET ASSETS 74,429 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted Endowment funds fund £ £ 225,414 - 3,361 - 48,824 - 52,185 - (31,297) - 20,888 - 246,302 - 246,302 - |
2024 Total funds £ 299,737 3,890 49,307 53,197 (32,203) 20,994 320,731 320,731 74,429 246,302 320,731 |
2023 Total funds £ 288,830 139 49,520 49,659 (12,004) 37,655 326,485 326,485 85,983 240,502 326,485 |
|---|---|---|---|
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 2024
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.
2. OTHER TRADING ACTIVITIES
| Fundraising events Shop income Cafe income |
2024 £ 2,050 - 11,913 13,963 |
2023 £ 2,905 3,106 7,822 13,833 |
|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2024
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Rents received | - | 287 |
| Deposit account interest | - | 210 |
| - | 497 | |
| RAISING FUNDS Raising donations and legacies Support costs |
2024 £ 72,458 |
2023 £ 37,000 |
4. RAISING FUNDS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
During the year ended 31 March 2024 £404 (2023: £526) was reimbursed for directly incurred travel and general expenses to 2 Trustee's.
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,551 Charitable activities Costs of generating voluntary income 28,048 Other trading activities 13,833 Investment income 497 Total 47,929 EXPENDITURE ON Raising funds 42,138 Charitable activities Costs of generating voluntary income 38,222 Other 18,814 Total 99,174 NET INCOME/(EXPENDITURE) (51,245) Transfers between funds 27,973 Net movement in funds (23,272) RECONCILIATION OF FUNDS Total funds brought forward 109,253 TOTAL FUNDS CARRIED FORWARD 85,981 |
Restricted Endowment funds fund £ £ 3 - 169,219 - - - - - 169,222 - 13,087 - 91,507 - - - 104,594 - 64,628 - (27,973) - 36,655 - 203,849 - 240,504 - |
Total funds £ 5,554 197,267 13,833 497 217,151 55,225 129,729 18,814 203,768 13,383 - 13,383 313,102 326,485 |
|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2024
7. TANGIBLE FIXED ASSETS
| COST At 1 April 2023 Additions Disposals At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 Fixtures and fittings £ COST At 1 April 2023 9,503 Additions 1,524 Disposals - At 31 March 2024 11,027 DEPRECIATION At 1 April 2023 1,841 Charge for year 1,266 Eliminated on disposal - At 31 March 2024 3,107 NET BOOK VALUE At 31 March 2024 7,920 At 31 March 2023 7,662 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income Prepayments |
Improvements Freehold to property property £ £ 161,354 127,891 - - - - 161,354 127,891 5,402 13,719 3,227 12,789 - - 8,629 26,508 152,725 101,383 155,952 114,172 Motor Computer vehicles equipment £ £ 4,850 15,639 38,000 485 (4,850) - 38,000 16,124 2,097 7,414 5,920 3,925 (2,743) - 5,274 11,339 32,726 4,785 2,753 8,225 2024 £ 3,328 562 3,890 |
Plant and machinery £ 180 202 - 382 114 70 - 184 198 66 Totals £ 319,417 40,211 (4,850) 354,778 30,587 27,197 (2,743) 55,041 299,737 288,830 2023 £ - 139 139 |
|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts (see note 10) Taxation and social security Other creditors |
2024 £ 440 4,082 27,681 32,203 |
2023 £ - 10,333 1,671 12,004 |
|---|---|---|
10. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank overdrafts MOVEMENT IN FUNDS Unrestricted funds General fund DVSC WCVA Kickstart Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Moondance Community Foundation in Wales Rhyl Community Partnership WCVA Welsh Government Heritage Lottery C + V SUP Conwy Trusthouse Tudor Trust The Neumark Foundation The National lottery TOTAL FUNDS |
At 1/4/23 £ 81,686 - 4,297 85,983 15,541 6,939 6,387 6,253 9,388 - 4,530 170,808 9,334 5,907 1,681 3,734 - - 240,502 326,485 |
Net movement in funds £ (31,864) (1,311) - (33,175) 2,904 26,665 8,270 1,807 (496) - (4,411) (3,892) (7,237) (1,701) 867 (2,007) (487) 7,140 27,422 (5,753) |
2024 £ 440 Transfers between funds £ 24,607 1,311 (4,297) 21,621 - (874) (7,403) - (8,892) 1,224 2,394 - (2,097) (3,473) - (2,501) - - (21,622) (1) |
2023 £ - At 31/3/24 £ 74,429 - - 74,429 18,445 32,730 7,254 8,060 - 1,224 2,513 166,916 - 733 2,548 (774) (487) 7,140 246,302 320,731 |
|---|---|---|---|---|
11. MOVEMENT IN FUNDS
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2024
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund DVSC Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Moondance Community Foundation in Wales WCVA Welsh Government Heritage Lottery C + V SUP Conwy Trusthouse Tudor Trust The Neumark Foundation The National lottery TOTAL FUNDS |
Incoming resources £ 52,421 - 52,421 19,969 33,595 11,801 10,401 9,000 - - - - 22,598 33,000 2,166 10,001 152,531 204,952 |
Resources Movement expended in funds £ £ (84,285) (31,864) (1,311) (1,311) (85,596) (33,175) (17,065) 2,904 (6,930) 26,665 (3,531) 8,270 (8,594) 1,807 (9,496) (496) (4,411) (4,411) (3,892) (3,892) (7,237) (7,237) (1,701) (1,701) (21,731) 867 (35,007) (2,007) (2,653) (487) (2,861) 7,140 (125,109) 27,422 (210,705) (5,753) |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund WCVA Kickstart Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Comic Relief Moondance Community Foundation in Wales WCVA Postcode Welsh Government Heritage Lottery C + V SUP Conwy Trusthouse Tudor Trust The National Lottery TOTAL FUNDS |
At 1/4/22 £ 109,253 - 109,253 9,865 7,721 7,708 - 4,630 4,146 14,798 16,868 138,113 - - - - - 203,849 313,102 |
Net movement in funds £ (55,540) 4,297 (51,243) 5,676 (1,656) (1,321) 9,842 1,623 5,242 (10,268) (5,593) 25,016 9,334 5,907 1,681 16,208 2,935 64,626 13,383 |
Transfers between funds £ 27,973 - 27,973 - 874 - (9,842) - - - (11,275) 7,679 - - - (12,474) (2,935) (27,973) - |
At 31/3/23 £ 81,686 4,297 85,983 15,541 6,939 6,387 - 6,253 9,388 4,530 - 170,808 9,334 5,907 1,681 3,734 - 240,502 326,485 |
|---|---|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2024
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund WCVA Kickstart Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Comic Relief Moondance Community Foundation in Wales WCVA Postcode Welsh Government Heritage Lottery C + V SUP Conwy Trusthouse Tudor Trust The National Lottery TOTAL FUNDS |
Incoming resources £ 42,077 5,852 47,929 22,201 - - 9,842 9,152 6,501 9,875 - 31,720 9,800 7,978 16,999 36,002 9,152 169,222 217,151 |
Resources Movement expended in funds £ £ (97,617) (55,540) (1,555) 4,297 (99,172) (51,243) (16,525) 5,676 (1,656) (1,656) (1,321) (1,321) - 9,842 (7,529) 1,623 (1,259) 5,242 (20,143) (10,268) (5,593) (5,593) (6,704) 25,016 (466) 9,334 (2,071) 5,907 (15,318) 1,681 (19,794) 16,208 (6,217) 2,935 (104,596) 64,626 (203,768) 13,383 |
|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund DVSC WCVA Kickstart Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Comic Relief Moondance Community Foundation in Wales Rhyl Community Partnership WCVA Postcode Welsh Government Heritage Lottery C + V SUP Conwy Trusthouse Tudor Trust The National Lottery The Neumark Foundation The National lottery TOTAL FUNDS |
At 1/4/22 £ 109,253 - - 109,253 9,865 7,721 7,708 - 4,630 4,146 - 14,798 16,868 138,113 - - - - - - - 203,849 313,102 |
Net movement in funds £ (87,404) (1,311) 4,297 (84,418) 8,580 25,009 6,949 9,842 3,430 4,746 - (14,679) (5,593) 21,124 2,097 4,206 2,548 14,201 2,935 (487) 7,140 92,048 7,630 |
Transfers between funds £ 52,580 1,311 (4,297) 49,594 - - (7,403) (9,842) - (8,892) 1,224 2,394 (11,275) 7,679 (2,097) (3,473) - (14,975) (2,935) - - (49,595) (1) |
At 31/3/24 £ 74,429 - - 74,429 18,445 32,730 7,254 - 8,060 - 1,224 2,513 - 166,916 - 733 2,548 (774) - (487) 7,140 246,302 320,731 |
|---|---|---|---|---|
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Brighter Futures
Notes to the Financial Statements - continued for the year ended 31 March 2024
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 DVSC WCVA Kickstart Restricted funds Steve Morgan Foundation Gwynt y Mor Fund Waterloo Foundation Comic Relief Moondance Community Foundation in Wales WCVA Postcode Welsh Government Heritage Lottery C + V SUP Conwy Trusthouse Tudor Trust The National Lottery The Neumark Foundation The National lottery TOTAL FUNDS CAPITAL COMMITMENTS Contracted but not provided for in the financial statements |
Incoming resources £ 94,498 - 5,852 100,350 42,170 33,595 11,801 9,842 19,553 15,501 9,875 - 31,720 9,800 7,978 39,597 69,002 9,152 2,166 10,001 321,753 422,103 |
Resources Movement expended in funds £ £ (181,902) (87,404) (1,311) (1,311) (1,555) 4,297 (184,768) (84,418) (33,590) 8,580 (8,586) 25,009 (4,852) 6,949 - 9,842 (16,123) 3,430 (10,755) 4,746 (24,554) (14,679) (5,593) (5,593) (10,596) 21,124 (7,703) 2,097 (3,772) 4,206 (37,049) 2,548 (54,801) 14,201 (6,217) 2,935 (2,653) (487) (2,861) 7,140 (229,705) 92,048 (414,473) 7,630 2024 2023 £ £ - - |
|---|---|---|
12. CAPITAL COMMITMENTS
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
The trustees have made the decision to merge Rhyl's Men Shed with Brighter Futures as at 30.06.22 and have assumed the assets and liabilities of RMS. RMS is no longer a going concern.
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Brighter Futures
Detailed Statement of Financial Activities for the year ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Subscriptions Other income Other trading activities Fundraising events Shop income Cafe income Investment income Rents received Deposit account interest Charitable activities Grants 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 Project activities & games Rent Licences and subscriptions Training Membership costs Travelling and subsistence Computer and IT costs Cleaning and waste disposal Allotment costs Motor expenses Event expenditure Clothing Leasing |
2024 £ 6,634 3,887 4,655 15,176 2,050 - 11,913 13,963 - - - 175,813 204,952 404 98,749 721 1,472 710 2,170 1,742 1,033 2,179 589 9,984 300 159 1,824 2,559 1,272 419 1,168 587 8,103 387 1,716 - 137,843 |
2023 £ 1,242 4,312 - 5,554 2,905 3,106 7,822 13,833 287 210 497 197,267 217,151 526 88,431 791 1,816 553 1,712 2,001 918 589 2,666 - - 166 2,415 2,311 4,004 4,964 2,224 7,402 1,091 5,124 - 551 129,729 |
|---|---|---|
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Brighter Futures
Detailed Statement of Financial Activities for the year ended 31 March 2024
| Charitable activities Other Donations Support costs Management Long leasehold Improvements to property Plant and machinery Fixtures and fittings Motor vehicles Computer equipment Loss on sale of tangible fixed assets Finance Bank charges Information technology Repairs and renewals Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2024 £ - 3,227 12,790 70 1,267 5,921 3,925 607 27,807 614 39,193 4,844 210,705 (5,753) |
2023 £ 18,814 3,227 9,077 36 1,241 970 4,067 - 18,618 248 30,449 5,384 203,768 13,383 |
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This page does not form part of the statutory financial statements
Page 17