|||||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|