## ## ## ||**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|