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2025-03-31-accounts

Cefnogi

Report and Accounts Year ended 31 March 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

CEFNOGI

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees

David Samuel Davies David Mydrim Davies Eric Keith Thomas (resigned 31 March 2025) Ceri Bethan Darcy Bethan Eluned Perry (appointed 27 October 2025)

Governing Document

CIO Constitution dated 4 March 2021 as amended on 29 January 2025

Charity Registration Number Principal Address & Registered Office

Independent Examiner

1194085

Ammanford Evangelical Church Y Llusern Wind Street Ammanford Carmarthenshire SA18 3DR Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

Lloyds Bank plc

Contents Page
Charity Information 1
Trustees' Annual Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

CEFNOGI

(FORMERLY AMMANFORD FOODBANK)

REPORT OF THE TRUSTEES

FOR THE PERIOD ENDED 31 MARCH 2025

The Trustees have pleasure in submitting the Report and Accounts for the period ended 31 March 2025.

The charity was registered with the Charity Commission on 14 April 2021 and commenced operating immediately. Before 14 April 2021, the charity's foodbank was operated by Ammanford Evangelical Church.

Objects of the charity

The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are to relieve financial hardship for the public benefit of persons in conditions of need or hardship in Ammanford, Carmarthenshire and other parts of the United Kingdom, as the Trustees may from time to time think fit, by the provision of food and other poverty-preventing endeavours through the operation of a foodbank.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

The Charity is aware that a crisis may come in many forms, including (but not limited to) redundancy, revocation of benefits, ill health, family break-up or unexpected large bills. The Foodbank regularly meets the needs of such individuals. Anyone in need in the Ammanford community is welcome to receive food packages and other poverty-preventing/alleviating support, regardless of their faith or creed.

Individuals, churches, schools and other interested organisations donate money and non-perishable food to the Foodbank. The food is then stored in three metal containers located at Y Llusern in Ammanford. With the need for the charity still rising and the current set up continuing to fall short of the charity’s needs, we continued to work with a local architect on the designs of our new building, one better suited to our needs. After a lengthy and much-delayed planning process we were finally given full planning permission to erect the building to the rear of Y Llusern, Wind Street, Ammanford.

The Foodbank continues to work in the same methods as years previous regarding the packing & distribution of emergency food parcels. Throughout the year we supported 3546 people with emergency food aid, of which 1406 were children. All of those engaging with the foodbank received support from our Help Centre as well. The role of which is to help maximise income and reduce expenditure as well as improve overall well-being through signposting to further support & offering in-house support where appropriate to do so. This in turn meant we were able to help 248 people get access to over £329,424 of financial gains in this year as well as numerous other non-financial services. This increase in preventative work through the Help Centre is being felt in the Foodbank directly where numbers support, whilst still high, are not as elevated as they were predicted to be. This shows the essential nature of the Help Centre in combating & preventing poverty in the local area.

2

The Organisation and Local Mobilisation (OLM) project completed its first year with increased connections to local organisations, focusing primarily on the need for better and increased housing in the local area. Particularly for those at risk of, or experiencing homelessness. It was decided by the Trustees before the year end that once the funding for the project expires (November 2025) it will not be continued past the initial two-year plan.

Similar to previous years, the cookery workshops continued bringing in local individuals, known either by their use of the Help Centre, Foodbank or through referral agencies. These are all individuals who would benefit from a course in budgeting & food preparation. Again the course has been met with a positive response from all attending. We continue to be grateful to Community Foundation Wales for their funding to make this possible and are glad to still have this year’s costs met. This continues to be well run by volunteers with a staff member checking in periodically for supervision or assistance.

From 1st April 2025 Paul Kennedy was recognised as the new manager of the charity, taking over from Mydrim Davies.

Throughout this year we began to look into the potential for reaching those living in rural locations or digitally excluded throughout the county with our Help Centre services in a project entitled Reaching Rural Carmarthenshire (RRC). This would look to have a partnership with a local organisation in a rural community who would host the drop ins and provide a Befriender volunteer to meet face-to-face with the clients before signing them onto a video call with a Signposting volunteer back in Ammanford. This method means that there is minimal training needed for the Befrienders and the Signposters can be kept up to date from 1 location. The intent is for a pilot town to trial the service and if it is helping them look to expand it to other areas as well. By the year end, conversation was had with a local church and community group in Llandovery about the project and they were very interested.

Toward the end of the year we have been able to engage two Trauma Counsellors to support clients with affordable counselling, funded by Acts435. Their specialist skills have been able to help a number of clients with a service that otherwise would take years to access. They have helped us develop an Anxiety Management Workshop, run by our volunteers but supervised by the Counsellors. This is a weekly group session looking to equip individuals with the tools they need to combat anxiety in their day to day lives.

After much consideration, in January of 2025 it was decided to change the legal name of the charity from Ammanford Foodbank to Cefnogi. This was for a few reasons but the main factor being that the scope of our anti-poverty work has gone beyond simply handing out food parcels. Cefnogi, meaning to support in Welsh, shows well the aim behind our work - to support the local community in preventing and alleviating crisis. Cefnogi is now spoken of as the umbrella charity responsible for several projects: Ammanford foodbank, Help Centre, Reaching Rural Carmarthenshire, OLM, Cookery Workshops etc. With work carried out prior to the change to share this reasoning, the change was well received and there have been no problems in lack of recognition or access to services as a result.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

During this fourth year of operation, the charity has adopted accruals accounting instead of “receipts and payments” accounts in the previous years. More information on this change in accounting policy can be found in notes 2 and 20 to the financial statements.

In the year to 31 March 2025, the charity's income increased by £23,727 to £243,122 and expenditure increased by £25,912 to £194,740. As a result, the charity’s surplus for the year decreased by £2,184

3

to £48,382 and the charity’s net assets increased by the same amount to £230,276, of which £148,349 are unrestricted and can be used for any charitable purpose. Net current assets increased by £47,394 to £210,327, of which £128,400 are unrestricted.

Reserves policy

The trustees have enacted a new financial reserves policy and have determined that the charity should aim to hold unrestricted cash of no less than £30,100 (which equates to about 3 months of expenditure) so that the charity could continue to operate should income and/or expenditure very adversely. These funds will be held in a separate account until such a time as they may be needed. At the period's end, the charity held unrestricted cash of £132,130, though £82,768 of this is held in a designated fund for the charity’s future building project.

Governance

Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day-to-day operation of the charity has been delegated to a team led by one of the charity's employees. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Relationships with other charities and related parties

As mentioned above, the charity's foodbank was previously operated by Ammanford Evangelical Church and the charity retains a close working relationship with the Church. The charity uses premises owned by the Church and the charity benefits in other ways from the Church's support. The two charities also share a trustee.

Risk statement

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

4

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Sammy Davies Sammy Davies (Dec 9, 2025 11:08:52 GMT)

_________ David Samuel Davies (Chair of Trustees)

Dec 9, 2025

Date:_____

5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CEFNOGI

('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 on pages 7 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 11.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation 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 Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the 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 matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity 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.

Nick Spear

Nick Spear (Dec 10, 2025 16:30:28 GMT)

Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Dec 10, 2025

Page 6

CEFNOGI

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities
4
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Funds
£
73,734
915
74,649
40,127
40,127
34,522
(12,334)
22,188
126,161
148,349		 Restricted
Funds
£
168,473
-
168,473
154,613
154,613
13,860
12,334
26,194
55,733
81,927		 Total
Funds
2025
£
242,207
915
243,122
194,740
194,740
48,382
-

48,382
181,894
230,276		 Total
Funds
2024
£
219,299
96
219,395
168,828
168,828
50,566
-
50,566
131,328
181,894

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 9-18 form part of these accounts.

Page 7

CEFNOGI

BALANCE SHEET

AS AT 31 MARCH 2025

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Stock
7
Debtors
8
Investments
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
12
after more than one year
Net assets / (liabilities) excluding
pension asset / (liability)
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
19,949
19,949
-
2,000
26,912
105,218
134,130
(5,730)
128,400
148,349
-
148,349
148,349
38,668
109,681
148,349
-
148,349		 Restricted
Funds
£
-
-
9,982
-
-
72,076
82,058
(131)
81,927
81,927
-
81,927
81,927
-
-
-
81,927
81,927		 Total
Funds
2025
£
19,949
19,949
9,982
2,000
26,912
177,294
216,188
(5,861)
210,327
230,276
-
230,276
230,276
38,668
109,681
148,349
81,927
230,276		 Total
Funds
2024
£
15,361
15,361
10,617
3,980
26,000
127,753
168,350
(1,817)
166,533
181,894
-
181,894
181,894
38,352
87,809
126,161
55,733
181,894

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Sammy Davies Sammy Davies (Dec 9, 2025 11:08:52 GMT)

SAMMY DAVIES

Dec 9, 2025 Date: _______

Charity number: 1194085

The notes on page 9-18 form part of these accounts.

Page 8

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The previous year's accounts were prepared using the receipts and payments basis but, this year, the charity has optedprepare its accounts using the accruals basis. The results for 2023, which are comparatives quoted in these accounts, have been restated using the accruals basis (see note 20 for details).

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Page 9

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

2 Accounting Policies (continued)

iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.

Investment income represents income generated by the charity's assets and includes income from and bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

Leasehold improvements Over the lease term or, if shorter, expected useful life, upon completion of the works Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks

h) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

Page 10

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

2 Accounting Policies (continued)

i) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

k) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

l) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Donations in kind (note 3a)
Other grants receivable
a
Donations in kind comprise:
Goods donated for:
Distribution to beneficiaries
Donated facilities		 2025
£
29,235
82,160
130,813
242,207
2025
£
82,160
-
82,160		 2024
£
41,875
86,864
90,560
219,299
2024
£
80,364
6,500
86,864

Donated facilities comprised a facility to receive goods with a value of up to £6,500 from a local wholesaler made available by Carmarthenshire County Council.

4 Charitable expenditure

a
Costs incurred directly on specific activities
Employment costs
Foodbank consummables
Foodbank goods distributed
Donated facilities utilised
Other services
Equipment
Rent and utilities
Repairs and maintenance
Building project		 2025
£
78,657
3,946
82,795
-
1,639
4,216
10,262
204
-
181,718		 2024
£
51,360
3,178
87,067
6,500
616
2,864
7,760
328
-
159,673

Page 11

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

4 Charitable expenditure (continued)

b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Office and administration costs
Depreciation of tangible fixed assets
Insurance
Total expenditure		 2,940
2,940
8,205
1,085
792
13,022
194,740		 1,680
1,680
5,639
1,085
751
9,155
168,828

The fee payable to the independent examiner for preparing and examining the accounts was £2,940 (2024: £1,680).

5 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 5 (2024: 4). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

No trustees received employment benefits in either the current or preceding year.

6 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
7
Stock
Donated goods
For distribution to beneficiaries		 Leasehold
Improvements
£
13,469
5,673
19,142
-
-
-
19,142
13,469		 Fixtures,
fittings and
equipment
£
4,340
-
4,340
2,447
1,085
3,532
807
1,892
2025
£
9,982
9,982		 Total
2025
£
17,809
5,673
23,481
2,447
1,085
3,532
19,949
15,361
2024
£
10,617
10,617

Page 12

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

8 Debtors

8
Debtors
Grants receivable
Total debtors
9
Current asset investments
Notice deposits (with a term of more three months)		 2025
£
2,000
2,000
2025
£
26,912
26,912		 2024
£
3,980
3,980
2024
£
26,000
26,000

10 Cash at Bank and in Hand

Cash at bank with immediate access
11
Creditors: liabilities falling due within one year
Taxation and social security
Other creditors
Accruals		 2025
£
177,294
177,294
2025
£
2,645
276
2,940
5,861		 2024
£
127,753
127,753
2024
£
-
137
1,680
1,817

12 Pension commitments

During the year employer’s pension contributions totalling £1,176 (2024: £942) were payable to defined contribution personal pension schemes. Pension contributions totalling £276 were owing at the balance sheet date (2024: £137).

Page 13

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Reserves Fund
Building Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
For premises
Building Fund
For staff costs
Help Centre Fund
Strategic Resources Fund
For operating expenses
Community Foundation Fund
Fruit & Vegetable Fund
Cookery Workshops Fund
Equipment & Essentials Fund
Neighbourly Fund
Rent Support Fund
Office Space Fund
Acts435 Fund
For donated goods
Foodbank Stock Fund
For other projects
OLM Project fund
Aggregate of funds		 Opening
balance
2025
£
26,000
61,809
87,809
38,352
126,161
-
6,384
18,000
4,757
319
-
1,127
1,500
-
-
-
10,617
13,030
55,733
181,894		 Incoming
resources
2025
£
912
2
915
73,734
74,649
31,000
32,075
-
9,000
1,102
-
-
1,500
-
9,866
1,770
82,160
-
168,473
243,122		 Outgoing
resources
2025
£
-
-
-
(40,127)
(40,127)
-
(16,570)
(17,878)
-
(1,699)
(559)
-
-
(7,500)
(6,504)
(1,046)
(82,795)
(20,062)
(154,613)
(194,740)		 Transfers
in the year
2025
£
-
20,957
20,957
(33,291)
(12,334)
(957)
-
-
(1,860)
1,560
559
-
(1,500)
7,500
-
-
-
7,032
12,334
-		 Gains and
losses
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2025
£
26,912
82,768
109,681
38,668
148,349
-
30,043
21,889
122
11,897
1,282
-
1,127
1,500
-
3,362
724
9,982
-
81,927
230,276

Page 14

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 Funds (continued)

The transfers referred to above were made for the following reasons:

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Stock
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
807
19,142
-
-
2,000
-
-
26,912
41,591
63,627
(5,730)
-
38,668
109,681
Unrestricted Funds		 Restricted
funds
£
-
9,982
-
-
72,076
(131)
81,927		 2025
£
19,949
9,982
2,000
26,912
177,294
(5,861)
General
funds
£
807
-
2,000
-
41,591
(5,730)
38,668
230,276

Page 15

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 Funds (continued)

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Reserves Fund
Building Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
For premises
Building Fund
Margaret Davies Fund
For staff costs
Help Centre Fund
Strategic Resources Fund
For operating expenses
Community Foundation Fund
Fruit & Vegetable Fund
Cookery Workshops Fund
Equipment & Essentials Fund
Neighbourly Fund
Winter Support Fund
Rent Support Fund
Mynydd Y Betws Fund
For donated goods
Foodbank Stock Fund
For other projects
OLM Project fund
Aggregate of funds		 Opening
balance
2024
£
26,000
-
26,000
70,104
96,104
-
-
10,420
-
-
-
-
1,127
-
1,857
4,500
-
17,319
-
35,224
131,328		 Incoming
resources
2024
£
-
-
-
52,021
52,021
1,621
2,000
26,075
18,000
5,000
777
-
-
1,500
-
555
3,980
86,864
21,002
167,374
219,395		 Outgoing
resources
2024
£
-
-
-
(21,834)
(21,834)
-
(2,000)
(30,111)
-
(613)
(1,538)
(300)
-
-
(1,857)
(5,055)
(3,980)
(93,567)
(7,972)
(146,994)
(168,828)		 Transfers
in the year
2024
£
-
61,809
61,809
(61,939)
(130)
(1,621)
-
-
-
370
1,080
300
-
-
-
-
-
-
-
130
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
26,000
61,809
87,809
38,352
126,161
-
-
6,384
18,000
4,757
319
-
1,127
1,500
-
-
-
10,617
13,030
55,733
181,894

Page 16

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 Funds (continued)

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
1,892
13,469
-
-
-
-
-
26,000
38,277
48,340
(1,817)
-
38,352
87,809
Unrestricted Funds		 Restricted
funds
£
-
10,617
3,980
-
41,136
-
55,733		 2024
£
15,361
10,617
3,980
26,000
127,753
(1,817)
General
funds
£
1,892
-
-
-
38,277
(1,817)
38,352
181,894

The Reserves Fund is monies set aside as per the Financial Reserves policy.

The Building Fund (Designated) is monies set aside from General Funds to help with the Building Project.

The Building Fund (Restricted) is monies received restricted to expenditure on the Buidling Project

The Margaret Davies Fund i s grant money received from said funders.

The Help Centre Fund covers all costs associated with running the Help Centre project.

The Strategic Resources Fund is grant funding from Trussell to help with the Managers Salary

The Community Foundation Fund is money received to help towards three years worth of Fruit & veg buying as well as Cookery workshops

The Fruit & Vegetable Fund are funds received to cover the cost of purchasing Fruit & veg to give out with food parcels.

The Cookery Workshops Fund is monies received to cover costs of our Cookery workshops including ingredients and other costs.

The Equipment & Essentials Fund is funding received to help purchase needed items for the charity.

The Neighbourly Fund is money received to help with the rental costs of the charity.

The Winter Support Fund is grant money received from Carmarthenshire County Council

The Rent Support Fund is monies set aside to help with the cost of Rent for the charity.

The Mynydd y Betws Fund is monies received from said funders to help with the cost of the charity.

The Office Space Fund is funding received to setup an office space for the charity and cover some running costs.

The Acts 435 Fund manages monies received from Acts435 and tracks the expenditure accordingly.

The OLM Project Fund is funds received to run the Local Organisers Project.

Page 17

CEFNOGI

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

14 Transactions with related parties

During the year the charity:

16 Reconciliation with previously reported funds

As disclosed in note 2 'Accounting policies', the charity has opted to prepare its accounts using the accruals basis. The comparatives presented in these accounts have been re-stated so that they reflect the change to accruals and a reconciliation with the reserves and results reported previously follows:

Reconciliation of reserves

onciliation of reserves
Previously reported reserves, at 31 March
Adjustments arising from use of accruals basis:
Inclusion of previously excluded fixed assets
Inclusion of previously excluded debtors
Inclusion of previously excluded creditors
Re-stated reserves, at 31 March		 2024
£
153,753
15,361
3,980
(1,817)
171,278		 2023
£
112,453
2,977
-
(1,422)
114,008
Previously reported results
Adjustments arising from use of accruals basis:
Movements in fixed assets resulting in the recognition of (more) / less expenditure
Movements in debtors resulting in the recognition of more / (less) income
Movements in creditors resulting in the recognition of less / (more) expenditure
Re-stated results
Reconciliation of results		 2024
£
41,300
12,384
3,980
(396)
57,269

Page 18

CEFNOGI

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
0
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total Expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestric Designated
2025
£
-
915
915
-
915
20,957
21,872
87,809
109,681
ted funds		 Restricted
2025
£
168,473
-
168,473
154,613
154,613
13,860
12,334
26,194
55,733
81,927		 Total
2025
£
242,207
915
243,122
194,740
194,740
48,382
-
48,382
181,894
230,276		 General
2024
£
51,925
96
52,021
21,834
21,834
30,186
(61,939)
(31,752)
70,104
38,352
Unrestric		 Unrestric Designated
2024
£
-
-
-
-
-
-
61,809
61,809
26,000
87,809
ted funds		 Restricted
2024
£
167,374
-
167,374
146,994
146,994
20,380
130
20,510
35,224
55,733		 Total
2024
£
219,299
96
219,395
168,828
168,828
50,566
-
50,566
131,328
181,894

Page 19