REGISTERED COMPANY NUMBER: IP30234R (England and Wales) REGISTERED CHARITY NUMBER: 251430
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2022
for
Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY
Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 16 |
| Detailed Statement of Financial Activities | 17 to 18 |
Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. 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
The centre operates as a 'Community Benefit' company and is much more than just a village hall. It is a community run centre providing support and services for community development in North Pembrokeshire. Its aim is to offer community resources and a meeting space for residents including facilities and support for start-up local social enterprises and businesses.
The management committee confirm that they have given careful consideration to the public benefit guidance published by the Charity Commission. This guidance has been referred to when reviewing the Charity's aims and objectives and in planning future activities.
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The financial year end for Canolfan Hermon is also the calendar year end and it is good to report that the year ending December 2022 has been a great recovery year for the community centre as we saw final Covid restrictions being lifted.
The 2022 year began well with the hall resuming the pre Covid activity of showing the rugby international games on the big screen, with meals dished out half time. The ballet seasons started well with Hannah La Trobe commencing Sunday morning ballet classes at the hall. The on-site children's nursery known as Cylch Meithrin Hermon secured funding for new outdoor furniture and a new shed. It was great to see the experienced gentlemen of the Frenni Men's Shed assisting the Cylch Meithrin to assemble the new furniture and the new shed. The hall was also involved in fundraising for Ukraine and a flag buying campaign was launched with the support of local volunteers. It was touching to see Hermon and surrounding areas with so many Ukrainian flags flying in the village. In March we also saw the Crymych Football club conduct an excellent and well run darts tournament at the hall to raise funds for the club. The football club now uses the hall as their club house and Saturday afternoons see the players and supporters come back to Canolfan Hermon for after match meals and drinks. Many local charities and community groups use Canolfan Hermon to raise funds for their activities. A Mother's Day Tea was arranged by Ysgol Steiner Nantycwm at the end of March 2022.
It was wonderful to see the monthly bingo nights return to Canolfan Hermon on the third Friday of the month and raising funds for community groups. The Cylch Meithrin at Hermon held several Breakfast Morning fundraisers at the hall and proved very popular with local businesses and residents. The volunteers on the hall committee are very grateful to all those who hire the hall facilities for their private parties, business courses, events and fundraisers. Ruskin Mill Plas Dwbl training rooms hired for their staff, Ysgol Bro Preseli interviewing space with virtual links to the school, John Warlow HGV vehicle training and first aid, Jemma Vickers catering hire of our commercial kitchen. The upstairs Balcony room is rented as the business offices for Craft Courses UK and we are grateful to Kate and the team for choosing Canolfan Hermon as the base for her online business. It is good to report that the permanent office and room hire colleagues employ over 10 people working out of Canolfan Hermon which is a great economic boost to the village.
In June 2022 we had a beautiful wedding again at the community centre to show how versatile our community space can be. With christenings, weddings, parties and funerals taking place in the hall it really is there for all the community at whatever stage of life. In September 2022 the members of Brynmyrnach Chapel held a final tea event at Canolfan Hermon as the chapel closed its doors. It was great to see Glandwr WI ladies who hire the hall once a month for their activities developing new community ideas for the area. The Hermon Young Farmers Club also hold meetings at the hall every Monday evening. The Girl Guides use the site weekly and the Preseli Voices choir have over 50 members and they meet up every Tuesday evening at the hall for choir practice. The Llanfyrnach and district heritage group hold their monthly Wednesday evening talks in the hall. The football club held an evening of entertainment with live music by James Evans on the 24th of September.
A very well attended Harvest Supper was held in October and then Dydd Shwmae had a gig with Sharron Woolley and the Bugeiliaid to celebrate Say Hello in Welsh - Shwmae! A successful community meal evening was held in November with the support of Cwm Arian Renewable Energy staff. Cylch Meithrin Hermon held their very successful Christmas market on the 16th of November with many local suppliers attending.
On the 19th of November a special Cymru v England Football evening was arranged with Dafydd Pantrod a'i fand playing at Hermon.
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
As Christmas approached it was great to welcome local groups to hold pre-Christmas meetings and fundraising events at the hall. The number of children's parties also began to increase towards the end of the year. A wild night was held on the 17th December as Flamingo Bingo descended on the hall as arranged by the football club - it was an interesting evening let's say. The Hermon winter show committee held meetings to arrange a well-attended local show. Several Christmas dinners were once again held at Canolfan Hermon from organisations such as Glandwr WI, The Frenni Men's Shed and other smaller groups. At the end of the year a fundraiser was held at the hall for a Tri-ride bike with bands and DJs ensuring a fun evening was had by all. The committee was also grateful to volunteers for applying for a Keep Warm Keep Well grant from PAVS to start a weekly winter meals club. Thanks to those who volunteer and give of their time to coordinate the weekly affordable meals club.
During the year the committee of Canolfan Hermon was very grateful once again to the Moondance Foundation for awarding a grant to put a folding partition across the main hall to allow the room to be used by two different hire organisations.
The community centre is registered as a charity and community benefit society cooperative company and the 150 shareholders that put in money into the development of the community centre in 2007 to help buy the old Hermon primary school ensured that the vision for a modern rural community facility could be achieved. We have seen the site and involvement of local people grow from strength to strength. Photos of the journey taken by the community can be viewed on www.canolfanhermon.org.uk.
Charitable activities
The rules and constitution of Canolfan Hermon is available for the members and public to read on the website. The above list of activities demonstrates the demand for our community spaces.
Hire activity
Having seen the Covid19 restrictions being lifted many community and commercial groups were able to resume their activities. There is a comprehensive list above.
Users visiting Canolfan Hermon are very complimentary of the building and the welcome they receive from volunteers. This all provides for opportunities for repeat bookings and spreading the word amongst colleagues for future events on which the community centre relies.
The site is almost wholly run by volunteers - working in the office organising the centre's rentals and events, running the bar and ensuring that the outside space is welcoming with plants and flowers. Since April 2017 the cleaning has been undertaken by a paid worker providing an excellent service.
Work carried out
The trustees have compiled a Capital Improvement and Maintenance schedule for the building and the car park. Volunteers have been busy maintaining the hedges and weeding the site. Regular maintenance and exterior planting is undertaken by volunteers. Painting and the upgrading of the interior hall and bar area has been undertaken by volunteers. Funding was clinched for developing the old loft of the Victorian building. We continually thank all volunteers involved with the charity.
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
FINANCIAL REVIEW
Reserves policy
It is currently the policy of the charity to try and maintain unrestricted funds, which are the free reserves of the charity at a level which equates to at least three months unrestricted expenditure in order that the charity can continue to function if current income sources become unavailable. This would hopefully enable the charity to identify other sources of funding.
The results for the year and financial position of the charity for the year ending 31 December 2022 are shown in the annexed financial statements.
The restricted reserves is a direct result of the capital building work for the ongoing work within the centre.
FUTURE PLANS
The building is proving to be comfortable in all seasons. The solar panels and air source heating perform reasonably well, and a sum of over £2,000 was received from the feed in tariff. We expect good results in terms of efficiency. The building was awarded an energy efficiency rating of B - an excellent result for a building of this type. A fuller picture of the efficiency of the building and how to best use all the equipment is being monitored constantly. Our future plans include a loft conversion project of the old Victorian first floor area. Architects are being engaged to look at plans and costings for this enhancement.
There has been considerable interest in the building from other projects wanting to carry out similar constructions - a relationship with other local community venues is developing with hope for more collaborative working in the future.
The residents of Hermon and the immediate surrounding area have been very supportive and have become increasingly active in raising funds and awareness about the building - work continues, with some measure of success, in engaging with those residents who are harder to reach. The centre has been very fortunate in the strong band of volunteers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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Canolfan Adnoddau Cymunedol
Hermon Community Resource Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The governing document can be viewed on our website www.canolfanhermon.org.uk.
The company became a registered charity on 14 March 1967.
On 17 May 2007 it was also registered under the Industrial and Provident Act 1965.
The charity is governed by a management committee made up as follows:
Trustees:
Catherine Morley - Chair Bill Davies - Vice Chair Jennifer Thomas - Secretary Melony Richards - Treasurer Roger Howells Sharon Morley Iwan Evans John Morgan Richard Vaughan Eleri George Aled Rees
Advisors:
Cris Tomos - Grants Michael Bossom - Social Media and advertising Eric Thomson - H&S and Security Kevin Phillips - Building Maintenance Chris Monk - Community Activities Emma Baker - Volunteering
Induction and training of new trustees
Most individuals are already familiar with the nature of the centre's activities . New appointees receive support and guidance from their fellow committee members. A new trustee / committee member handbook has been produced to help them.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
IP30234R (England and Wales)
Registered Charity number
251430
Registered office
Hermon Community Resource Centre Hermon GLOGUE Pembrokeshire SA36 0DT
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Report of the Trustees for the Year Ended 31 December 2022
Trustees B Davies R Howells Mrs J Thomas Mrs S Morley I Evans J Morgan Ms C Morley Mrs M Richards R Vaughan E George A Rees Independent Examiner Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY
Bankers Lloyds Bank Plc 14 High Street Cardigan Ceredigion SA43 1JW
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... R Howells - Trustee
Page 6
Independent Examiner's Report to the Trustees of Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Independent examiner's report to the trustees of Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Karl Wilcox F.C.C.A Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 1HY
Date: .............................................
Page 7
Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,305 Charitable activities Charitable activities 50,338 Investment income 3 5 Total 52,648 EXPENDITURE ON Charitable activities Charitable activities 42,154 NET INCOME 10,494 RECONCILIATION OF FUNDS Total funds brought forward 127,120 TOTAL FUNDS CARRIED FORWARD 137,614 |
Restricted funds £ - - - - - - 776,053 776,053 |
31.12.22 31.12.21 Total Total funds funds £ £ 2,305 603 50,338 52,270 5 1 52,648 52,874 42,154 38,045 10,494 14,829 903,173 888,344 913,667 903,173 |
|---|---|---|
The notes form part of these financial statements
Page 8
Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Balance Sheet 31 December 2022
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stocks 8 Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 SHARE CAPITAL 14 NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 214,951 1,500 1,600 42,308 45,408 (2,559) 42,849 257,800 (67,436) (52,750) 137,614 |
Restricted funds £ 776,053 - - - - - - 776,053 - - 776,053 |
31.12.22 Total funds £ 991,004 1,500 1,600 42,308 45,408 (2,559) 42,849 1,033,853 (67,436) (52,750) 913,667 137,614 776,053 913,667 |
31.12.21 Total funds £ 988,150 1,500 2,116 43,070 46,686 (4,189) 42,497 1,030,647 (74,724) (52,750) 903,173 127,120 776,053 903,173 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Balance Sheet - continued 31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C Morley - Trustee
............................................. M Richards - Trustee
The notes form part of these financial statements
Page 10
Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Plant and machinery - 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation 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.
continued...
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
2. DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Donations | 2,305 | 603 | |
| 3. | INVESTMENT INCOME | ||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Deposit account interest | 5 | 1 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Depreciation - owned assets | 3,318 | 2,366 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 603 Charitable activities Charitable activities 52,270 Investment income 1 Total 52,874 EXPENDITURE ON Charitable activities Charitable activities 38,045 NET INCOME 14,829 |
Restricted funds £ - - - - - - |
Total funds £ 603 52,270 1 52,874 38,045 14,829 |
|---|---|---|
continued...
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 6. | COMPARATIVES FOR THE STATEMENT | COMPARATIVES FOR THE STATEMENT | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | OF FINANCIAL | ACTIVITIES - continued | ACTIVITIES - continued | |
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted |
Total |
||||||
| fund | funds | funds | ||||||
| £ | £ | £ | ||||||
| RECONCILIATION OF FUNDS | ||||||||
| Total funds brought forward | 112,291 | 776,053 | 888,344 | |||||
| TOTAL FUNDS CARRIED FORWARD | 127,120 | 776,053 | 903,173 | |||||
| 7. | TANGIBLE FIXED ASSETS | |||||||
| Improvements | ||||||||
| Freehold | Property | to | Plant and | |||||
| property | development | property | machinery | Totals | ||||
| £ | £ | £ | £ | £ | ||||
| COST | ||||||||
| At 1 January 2022 | 120,000 | 853,728 | 7,325 | 20,747 | 1,001,800 | |||
| Additions | - | - | - | 6,172 | 6,172 | |||
| At 31 December 2022 | 120,000 | 853,728 | 7,325 | 26,919 | 1,007,972 | |||
| DEPRECIATION | ||||||||
| At 1 January 2022 | - | - | - | 13,650 | 13,650 | |||
| Charge for year | - | - | - | 3,318 | 3,318 | |||
| At 31 December 2022 | - | - | - | 16,968 | 16,968 | |||
| NET BOOK VALUE | ||||||||
| At 31 December 2022 | 120,000 | 853,728 | 7,325 | 9,951 | 991,004 | |||
| At 31 December 2021 | 120,000 | 853,728 | 7,325 | 7,097 | 988,150 | |||
| 8. | STOCKS | |||||||
| 31.12.22 | 31.12.21 | |||||||
| £ | £ | |||||||
| Stocks | 1,500 | 1,500 |
continued...
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors VAT 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors VAT Accrued expenses 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 12) 12. LOANS An analysis of the maturity of loans is given below: Amounts falling due between two and five years: Lloyds bank loan Members loans 13. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 127,120 Restricted funds Property Fund 776,053 TOTAL FUNDS 903,173 |
31.12.22 £ 1,600 - 1,600 31.12.22 £ 1,678 536 345 2,559 31.12.22 £ 67,436 31.12.22 £ 32,436 35,000 67,436 Net movement in funds £ 10,494 - 10,494 |
31.12.21 £ 1,988 128 2,116 31.12.21 £ 3,844 - 345 4,189 31.12.21 £ 74,724 31.12.21 £ 34,724 40,000 74,724 At 31.12.22 £ 137,614 776,053 913,667 |
|---|---|---|
continued...
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 52,648 | (42,154) | 10,494 |
| TOTAL FUNDS | 52,648 | (42,154) | 10,494 |
| Comparatives for movement in funds |
| Unrestricted funds General fund Restricted funds Property Fund TOTAL FUNDS |
At 1.1.21 £ 112,291 776,053 888,344 |
Net movement in funds £ 14,829 - 14,829 |
At 31.12.21 £ 127,120 776,053 903,173 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 52,874 | (38,045) | 14,829 |
| TOTAL FUNDS | 52,874 | (38,045) | 14,829 |
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continued...
Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Property Fund TOTAL FUNDS |
At 1.1.21 £ 112,291 776,053 888,344 |
Net movement in funds £ 25,323 - 25,323 |
At 31.12.22 £ 137,614 776,053 913,667 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 105,522 | (80,199) | 25,323 |
| TOTAL FUNDS | 105,522 | (80,199) | 25,323 |
14. SHARE CAPITAL
Shares are owned by members of the community in the Company.
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| for the Year Ended 31 | December 2022 | |
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 2,305 | 603 |
| Investment income | ||
| Deposit account interest | 5 | 1 |
| Charitable activities | ||
| Office rentals | 10,690 | 10,578 |
| Venue hire | 6,566 | 3,460 |
| Bar sales | 14,960 | 2,145 |
| Feed in tariff | 929 | 1,087 |
| Covid grant (including Men's Shed) | - | 25,500 |
| Moondance grant | 7,953 | 9,500 |
| PCC grant | 9,240 | - |
| 50,338 | 52,270 | |
| Total incoming resources | 52,648 | 52,874 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 931 | 333 |
| Insurance | 2,043 | 1,975 |
| Light and heat | 5,050 | 4,154 |
| Telephone | 439 | 439 |
| Postage and stationery | 28 | 111 |
| Advertising and events | 1,109 | 108 |
| Sundries | 132 | 338 |
| Bar purchases | 13,504 | 3,320 |
| Bookkeeping | - | 248 |
| Computer expenses | 1,152 | 200 |
| Caretaker and cleaning | 1,556 | 1,268 |
| Professional fees | 3,167 | 1,954 |
| Repairs and maintenance | 4,138 | 9,458 |
| Licences & subscriptions | 1,199 | 612 |
| Men's shed funding | - | 7,000 |
| Depreciation of tangible fixed assets | 3,318 | 2,366 |
| Bank charges | 367 | 232 |
| Bank loan interest | 1,574 | 1,356 |
| Local loans interest | 1,937 | 2,208 |
| 41,644 | 37,680 |
This page does not form part of the statutory financial statements
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Canolfan Adnoddau Cymunedol Hermon Community Resource Centre Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 510 | 365 |
| Total resources expended | 42,154 | 38,045 |
| Net income | 10,494 | 14,829 |
This page does not form part of the statutory financial statements
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