**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Initial seeds were sown as far back as 2014 when the Communities First Programme was withdrawn from West Rhyl, this left several small groups isolated and alone, the majority failed and closed their doors, however a small number remained and struggled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.
Page 1
**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.
Page 2
**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
Page 3
**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
Page 4
## **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:
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
Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 0RN
Date: .............................................
Page 5
**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
Page 6
## **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
Page 7
**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|
|---|---|---|
Page 8
continued...
**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|
|---|---|---|
Page 9
continued...
**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|
|---|---|---|
Page 10
continued...
**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**
Page 11
continued...
**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|
|---|---|---|---|---|
Page 12
continued...
**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|
|---|---|---|
Page 13
continued...
**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|
|---|---|---|---|---|
Page 14
continued...
**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.
Page 15
## **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|
|---|---|---|
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 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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 17