2021-03-31-accounts

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	3
Statement of financial activities	4
Statement of financial position	5
Statement of cash flows	6
Notes to the financial statements	7
The following pages do not form part of the financial statements
Detailed statement of financial activities	16
Notes to the detailed statement of financial activities	17
Rhayader Market Hall & Smithfield Trust
Trustees' Annual Report

I—Charity registration number	I 216659
Principal office	Llwyncwtta Farm
	Rhayader
	Powys
	LD6 5NT

	Kelvin Curry
	Robert Lewis
	John Price
	David Owen Evans F.R.I.C.S
	John Jones
	Henry Thomas
	Dwain Pugh
	Jane Narborough
	Brian Rees
	Granville Davies
	Lee Price
	Clare Evans
	Christian Walton
Company secretary	Sian Davies
Independent examiner	Robert Gray F.C.A
	Ty Madog
	32 Queens Road
	Aberystwyth
	Ceredig ion
	SY23 2HN

Robert Lewis	Sian Davies
Trustee	Charity Secretary
Rhayader Market Hall & Smithfield Trust

			2021	2021	2020
			Unrestricted
			funds	Total funds	Total funds
	Note			E	E
Income and endowments
Investment income		4	77	77	76
Other income		6	36,603	36,603	34,331
Total income		36,680		36,680	34,407
Expenditure
Expenditure on charitable activities		6	28,963	28,963	20,657
Total expenditure		28,963		28,963	20,657
Net income and net movement in funds		7,717		7,717	13,750
Reconciliation of funds
Total funds brought forward		650,033		650,033	636,283
Total funds carried forward		657,750		657,750	650,033

		2021	2020
	Note		E
Fixed assets
Tangible fixed assets	10	548,880	532,315
Current assets
Debtors	11	433	7,111
Investments	12	200	200
Cash at bank and in hand	118,431		117,166
	119,064		124,477
Creditors: amounts falling due within one year	13	4,862	1,427
Net current assets	' 114,202		123,050
Total assets less current liabilities	663,082		655,365
Creditors: amounts falling due after more than one year	14	5,332	5,332
Net assets•	657,750		650,033
Funds of the charity
Unrestricted funds	657,750		650,033
Total charity funds	17	657,750	650,033

		2021		2020
Cash flows from operating activities
Net income	7,717		13,750
Adjustments for:
Depreciation of tangible fixed assets	2,635		1,856
Dividends, interest and rents from investments	(77)		(76)
Accrued expenses	3,730			—
Changes in:
Trade and other debtors	6,678		(7,111)
Trade and other creditors	(295)		4,218
Cash generated from operations	20,388		12,637
Net cash from operating activities	20,388		12,637
Cash flows from investinci activities
Dividends, interest and rents from investments	77		76
Purchase of tangible assets	(19,485)		(6,665)
Proceeds from sale of tangible assets	285			—
Net cash used in investing activities	(19,123)		(6,589)
Net increase in cash and cash equivalents	1,265		6,048
Cash and cash equivalents at beginning of year	117,366		111,318
Cash and cash equivalents at end of year	118,631		117,366
Rhayader Market Hall & Smithfield Trust
Notes to the Financial Statements

reciation is calculated so as to e, over the useful economic life	write off the cost or valua of that asset as follows:
Plant and machinery	4% straight line
Equipment	20% straight line

				Unrestricted	**Total **	Funds	Unrestricted		Total	Funds
				Funds		2021	Funds			2020
				£		£	£			£
Income	from	listed	investments	77	77		76	76
				—		—	—			—

	Unrestricted	**Total **	Funds	Unrestricted	Total	Funds
	Funds		2021	Funds		2020
	£		£	£		£
Rental income −Welshpool Livestock	18,000	18,000		13,500	13,500
Rental income −Market Hall and
Bankhouse	16,375	16,375		18,428	18,428
Other income	895	895		1,070	1,070
Amortisation of Grant income−	1,333	1,333		1,333	1,333
	36,603	36,603		34,331	34,331

charitable expenditure was incurred duri	ng the year to 3	1 March 2021:
				Governance
		Market Hall	Smithfield	costs
		£	c	£
light and heat			165
repairs and maintenance		—	19,816
insurance		3,074	—
legal and professional fees		65	18
accountancy		540
depreciation		2,635
Stationery & office	,			250
Secretary stipend				2,400
Total		6,314	19,999	2,650
		—

				Market	Hall	Smithfield		costs
					£	£		£
"			lidht and heat			134
			repairs and maintenance		−	5,630
	.		insurance	2,995		−
			sundry	198
			legal and professional fees	2,150		2,012
			accountancy	540
		,	depreciation	1,856
			Stationery & office				647
			Secretary stipend				2,300
				7,739		7,776	2,947
				−

	Freehold	Plant	and
	property	machinery		Equipment		Total
	£		£	£		E
Cost
At 1 April 2020	516,010	13,065		6,665	535,740
Additions	−	19,485		−	19,485
Disposals	−	(285)		−	(285)
At 31 March 2021	516,010	32,265		6,665	554,940
		−
Depreciation				_
At 1 April 2020	−	2,092		1,333	3,425
Charge for the year	−	1,302		1,333	2,635
At 31 March 2021	−	3,394		2,666	6,060
Carrying amount
At 31 March 2021	516,010	28,871		3,999	548,880
		−		−
At 31 March 2020	516,010	10,973		5,332	532,315
		−

Original cost 4Improvements	........	,000		12,000	16,000	I
b/f		30,942		460,968	491,910
2018 improvements				— 8,100	8,100	i
Total freehold property		34,942		481,068	516,010
			=1:1=C1

			2021		2020
			E		£
Other debtors		433		7,111
			—
2.	Investments
			2021		2020
			E		£
COIF investment (at cost)		200		200
			—		—

3.	Creditors: amounts falling due within one year
			2021			2020
			E			£
Accruals and deferred income		3,730				—
Sundry creditors		1,132			1,427
		4,862		.	1,427
4.	Creditors: amounts falling due after more than one year
			2021			2020
			E			£
Accruals and deferred income		3,999			5,332
Other creditors		1,333				—
		5,332			5,332
			—
6.	Deferred income
			2021			2020
			E			£
Amount released to income		3,999			5,332
						—

								At
			At				**31 March **	202
		1 April	2020		Income	Expenditure		1
			£		£	£		£
General	funds	650,033		36,680		(28,963)	657,750
								At
			At				31 March	202
		1 April	2019		Income	Expenditure		0
			£		£	£		£
General	funds	636,283		34,407		(20,657)	650,033

	Unrestricted **Total **	Unrestricted **Total **	Funds
		Funds	2021
			E
Tangible fixed assets	548 880	548 880
Current assets	119,064	119,064
Creditors less than 1 year	(4,862)	(4,862)
Creditors greater than 1 year	(5,332)	(5,332)
Net assets	657,750	657,750
	Unrestricted Total		Funds
		Funds	2020
Tangible fixed assets	532 315	532 315
Current assets	124,477	124,477
Creditors less than 1 year	(1,427)	(1,427)
Creditors greater than 1 year	(5,332)	(5,332)
Net assets	650,033	650,033

						At
	At 1 Apr	2020	Cash flows		**31 **	**Mar **	2021
		£		£			E
Cash at bank and in hand	117,166		1,265		118,431
Current asset investments	200			—	200
	117,366		1,265		118,631

	2021		2020
Income and endowments
Investment income
Income from listed investments	77		76
Other income
Rental income −Welshpool Livestock	18,000		13,500
Rental income −Market Hall and Bankhouse	16,375		18,428
Other income	895		1,070
Amortisation of Grant income	1,333		1,333
	36,603		34,331
Total income	36,680		34,407
Expenditure
Expenditure on charitable activities
Light and heat	165		134
Repairs and maintenance	19,816		5,630
Insurance	3,074		2,995
Other establishment	250		2,842
Other motor/travel costs		—	198
Legal and professional fees	2,483		6,462
Telephone	540		540
Depreciation	2,635		1,856
	28,963		20,657
Total expenditure	28,963		20,657
Net income	7,717		13,750

4
	2021	2020
Expenditure on charitable activities
Activity type 1
Activities undertaken directly
insurance	3,074	2,995
sundry		— 198
legal and professional fees	65	2,150
accountancy	540	540
depreciation	2,635	1,856
	6,314	7,739
Activities undertaken directly
light & heat	165	134
repairs & maintenance	19,816	5,630
advertising		— 2,195
legal and professional fees	18	2,012
	19,999	9,971
Governance costs
Stationery & office	250	647
Secretary stipend	2,400	2,300
	2,650	2,947
Expenditure on charitable activities	28,963	20,657