| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | |||||
| Independent Examiner's |
Report | ||||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | |||||
| Notes to the Financial Statements | 5 | to | 9 | ||
| Detailed Statement ofFinancial | Activities | 10 |
| f | or the year ended 31 March | 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Total | |||||
| funds | funds | |||||
| Notes | ||||||
| INCOME | AND ENDOWMENTS | FROM | ||||
| Charitable | activities | |||||
| Charitable | activities | 142,666 | 145,715 | |||
| Investment | income | 12& | ||||
| Other income | 10,500 | |||||
| Total | 142,668 | 156,343 | ||||
| EXPENDITURE ON | ||||||
| Charitable | activities | |||||
| Charitable | activities | 151,406 | 131,083 | |||
| Other | 4,110 | 10,000 | ||||
| Total | 155,516 | 141,083 | ||||
| Net gains | on investments | 105,000 | ||||
| NET INCOME | 92,152 | 15,260 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds | brought | forward | 347,371 | 332,111 | ||
| TOTAL FUNDS CARRIED FORWARD | 439,523 | 347,371 |
| Rhyl | Community Association |
|||
|---|---|---|---|---|
| Balance Sheet | ||||
| 31 March 2022 | ||||
| 2022 | 2021 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| Notes | F | F | ||
| FIXED ASSETS | ||||
| Tangible | assets | 431,037 | 740,012 | |
| CURRENT ASSETS | ||||
| Debtors | 36,715 | 39,765 | ||
| Cash at | bank | 7,210 | 18,424 | |
| 43,925 | 58,189 | |||
| CREDITORS | ||||
| Amounts | falling due within one year | (35,439) | (450,830) | |
| NET CURRENT ASSETS | 8,486 | (392,641) | ||
| TOTAL | ASSETS LESSCURRENT LIABILITIES | 439,523 | 347,371 | |
| NET ASSETS | 439,523 | 347,371 | ||
| FUNDS | ||||
| Unrestricted funds |
439,523 | 347,371 | ||
| TOTAL | FUNDS | 439,523 | 347,371 |
| 2022 | 2022 | 2021 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E | ||||||||||||||||||||
| Deposit account interest | 128 | |||||||||||||||||||
| 3. | INCOME FROM CHARITABLE ACTIVITIES | |||||||||||||||||||
| 2022 | 2021 | |||||||||||||||||||
| Activity | ||||||||||||||||||||
| Grants Rents Received |
Charitable Charitable |
activities activities |
33,005 109,661 |
101,625 44,090 |
||||||||||||||||
| 142,666 | 145,715 | |||||||||||||||||||
| Grants received, included |
in | the above, | are | as follows: | ||||||||||||||||
| 2022 | 2021 | |||||||||||||||||||
| Others Job Retention Scheme Denbighshire County Council |
COVID | Support | Grants | 33,005 | 69,625 32,000 |
|||||||||||||||
| 33,005 | 101,625 | |||||||||||||||||||
| 4. | TRUSTEES' REMUNERATION | AND | BENEFITS | |||||||||||||||||
| 2022 | 2021 | |||||||||||||||||||
| Trustees' fees | 4,110 | p 10,000 |
||||||||||||||||||
| Trustees' expenses | ||||||||||||||||||||
| There were no trustees' 31 March 2Q21. |
expenses | paid | for the | year | ended | 31 | March | 2022 | nor | for | the | year ended |
||||||||
| 5. | STAFF COSTS | |||||||||||||||||||
| The average monthly |
number | ofemployees | during | the | year | was as | follows: | |||||||||||||
| 2022 | 2021 | |||||||||||||||||||
| Average no. of employees | 5 | 5 | ||||||||||||||||||
| No employees received emoluments |
in | excess | ofF60,000. | |||||||||||||||||
| 6. | COMPARATIVES FOR THE |
STATEMENT | OF FINANCIAL | ACTIVITIES | ||||||||||||||||
| Unrestdicted | ||||||||||||||||||||
| funds | ||||||||||||||||||||
| F | ||||||||||||||||||||
| INCOME AND ENDOWMENTS | FROM | |||||||||||||||||||
| Charitable activities |
||||||||||||||||||||
| Charitable activities |
145,715 | |||||||||||||||||||
| Investment income |
128 | |||||||||||||||||||
| Other income | 10,500 | |||||||||||||||||||
| Total | 156,343 | |||||||||||||||||||
| EXPENDITURE ON | ||||||||||||||||||||
| Charitable activities |
||||||||||||||||||||
| Charitable activities |
131,083 | |||||||||||||||||||
| Other | 10,000 | |||||||||||||||||||
| Total | 141,Q83 | |||||||||||||||||||
| Page | 6 | continued. .. |
| Unrestricted | Unrestricted | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | ||||||||||||
| F | ||||||||||||
| NET INCOME | 15,260 | |||||||||||
| RECONCILIATION | OF | FUNDS | ||||||||||
| Total funds brought | forward | 332,111 | ||||||||||
| TOTAL FUNDS CARRIED | FORWARD | 347,371 | ||||||||||
| TANGIBLE FIXEDASSETS | ||||||||||||
| Freehold | ||||||||||||
| property | ||||||||||||
| F | ||||||||||||
| COST OR VALUATION | ||||||||||||
| At 1 April 2021 | 740,012 | |||||||||||
| Additions | 10,179 | |||||||||||
| Grants | (417,500) | |||||||||||
| Revaluations | 105,000 | |||||||||||
| At 31 March 2022 | 437,691 | |||||||||||
| DEPRECIATION | ||||||||||||
| Charge for year | 6,654 | |||||||||||
| NET BOOK VALUE | ||||||||||||
| At 31 March 2022 | 431,037 | |||||||||||
| At 31 March 2021 | 740,012 | |||||||||||
| Cost or valuation | at | 31 March 2022 is represented | by: | |||||||||
| Freehold | ||||||||||||
| property | ||||||||||||
| E | ||||||||||||
| Valuation in 2022 |
437,691 | |||||||||||
| The Fforddlas Community |
Centre | included | within | Freehold | Property | was revalued | in February | 2020 to its | fair | |||
| value of6200,000. | ||||||||||||
| DEBTORS:AMOUNTS | FALLING | DUE WITHIN ONE YEAR | ||||||||||
| 2022 | 2021 | |||||||||||
| F | ||||||||||||
| Trade debtors | 3,215 | 6,265 | ||||||||||
| Other debtors | 33,500 | 33,500 | ||||||||||
| 36,715 | 39,765 |
| CREDITORS: AMOU | N | TS |
FALL | ING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Bank loans and overdrafts Other creditors |
(see | note 10) | 32,330 3,109 |
F 32,330 418,500 |
|||
| 35,439 | 450,830 | ||||||
| LOANS | |||||||
| An analysis ofthe maturity | of loans is given below: | ||||||
| 2022 | 2021 | ||||||
| Amounts falling due within one year on demand: Bankloans |
32,330 | F 32,330 |
|||||
| MOVEMENT IN FUNDS |
|||||||
| Net | |||||||
| movement | At | ||||||
| At 1/4/21 | in funds | 31/3/22 | |||||
| Unrestricted funds |
E | F | |||||
| Fforddlas Community Tynewydd Community Wellington Community |
Centre Centre Centre |
95,169 1,293 250,909 |
105,000 (12,848) |
200,169 1,293 238,061 |
|||
| 347,371 | 92,152 | 439,523 | |||||
| TOTAL FUNDS | 347,371 | 92,152 | 439,523 | ||||
| Net movement in funds, |
included | in the above are as follows; | |||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| Unrestricted funds |
E | L | F | ||||
| Fforddlas Community Wellington Community |
Centre Centre |
142,668 | (155,516) | 105,000 | 105,000 (12,848) |
||
| 142,668 | (155,516) | 105,000 | 92,152 | ||||
| TOTAL FUNDS | 142,668 | (155,516) | 105,000 | 92,152 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/4/20 | in funds | 31/3/21 | |||
| Unrestricted funds |
F | ||||
| Fforddlas Tynewydd Wellington |
Community Community Community |
Centre Centre Centre |
95,169 1,293 235,649 |
15,260 | 95,169 1,293 250,909 |
| 332,111 | 15,260 | 347,371 | |||
| TOTAL FUNDS | 332,111 | 15,260 | 347,371 |
| Comparativ | e | net move | ment in funds, included in |
the above are as follows; | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| F | F | |||||
| Unrestricted | funds | |||||
| Wellington | Community | Centre | 156,343 | (141,083) | 15,260 | |
| TOTAL FUNDS | 156,343 | (141,083) | 15,260 |
| A current | year 12 mon | ths and prior year 12 mont |
hs combined position is as follo |
ws: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1/4/20 | in funds | 31/3/22 | |||
| Unrestricted funds |
|||||
| Fforddlas Tynewydd Wellington |
Community Community Community |
Centre Centre Centre |
95,169 1,293 235,649 |
105,000 2,412 |
200,169 1,293 238,061 |
| 332,111 | 107,412 | 439,523 | |||
| TOTAL FUNDS | 332,111 | 107,412 | 439,523 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| Fforddlas Wellington |
Community Community |
Centre Centre |
299,011 | (296,599) | 105,000 | 105,000 2,412 |
| 299,011 | (296,599) | 105,000 | 107,412 | |||
| TOTAL FUNDS | 299,011 | (296,599) | 105,000 | 107,412 |
| Detailed | Statement ofFinancial | Activities |
|---|---|---|
| for | the year ended 31 March | 2022 |
| Detailed Statement of for the year ended |
Financial Activities 31 March 2022 |
|
|---|---|---|
| 2022 | 2021 | |
| E | E | |
| INCOME AND ENDOWMENTS | ||
| Investment income |
||
| Deposit account interest | 128 | |
| Charitable activities |
||
| Grants Rents Received |
33,005 109,661 |
101,625 44,090 |
| 142,666 | 145,715 | |
| Other income | ||
| Recharges | 10,500 | |
| Total incoming resources |
142,668 | 156,343 |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages Rates and water Insurance Light and heat Telephone |
90,307 1,899 7,878 23,154 864 |
96,035 6,609 14,228 |
| Postage and stationery Repairs and maintenance |
1,222 13,494 |
132 11,292 |
| 138,818 | 128,296 | |
| Other | ||
| Trustees' fees | 4,110 | 10,000 |
| Support costs | ||
| Management | ||
| Freehold property |
6,654 | |
| Finance | ||
| Bank charges | 34 | |
| Governance costs |
||
| Consultancy fees Accountancy and legal fees |
4,100 1,800 |
2,787 |
| 5,900 | 2,787 | |
| Total resources expended | 155,516 | 141,083 |
| Net {expenditurej/income | {12,848) | 15,260 |