2021-03-31-accounts - Narberth & District Community & Sports Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees	1	to	6
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements	10 to		19
Detailed Statement of Financial Activities	20	to	21

to the below amou	nts there	were the childcar	e grants totalling 53,448.
Name		Amount I	Date	Items
SCAF 1 (PAVS)		1,886	Jun 2020	COVID Utility Bills
ERF Welsh Gov		30,613	Aug 2020	General/staff retention
CC Firebreak Disc.	Grant	1,500	Nov 2020 (Pd Jan 2021)	General COVID
ERF 2 Welsh Gov		3,574	Feb 2021	General/staff retention
PCC Discretionary	Grant 1	5,000	Feb 2021 (paid Mar 2021)	General COVID
PCC Discretionary	Grant 2	5,000	Mar 2021 (paid Mar 2021)	General COVID
PCC Discretionary	Grant 3	5,000	April 2021 (paid Apr 2021)	General COVID
SCAF 2 (PAVS)		2,982	Jul 2021 (paid Aug 2021)	COVID adaptations
SHLNG Community	Fund	2,469	Jul 2021 (Paid Aug 2021)	PSR Floor
PCNPA SDF (80'/0	oftotal)	9,932	Sep 2021	PV Solar Panels
Crowdfunder: A Place for		Target
Support (Ongoing)		52,500	Oct/Nov 2021	PV Solar Panels

Principal address Bloomfield House Narberth Pembrokeshire SA67 7ES Trustees
Ruth Barnes	Paul Sartori / Swim Narberth				/ Narberth	Town Council
Claire Dunbar	Serendipity
Lucien )enkins	Narberth	Quakers	/ Adult Ballet
Helen Colllinson	Pembs Textile Group /			WSD
Alice Phillips	Alice Russell School of			Dance
Steve Haysom	Narberth	Squash	Club
Robert Lewis	Narberth	RFC
Peter Spacey	CMDC
3udy Smith	Pembs WI
Emma Richards	Narberth	Football	Club
Lynne Richards	Learning	Pembrokeshire
Nigel Firth	Narberth	Table Tennis		Club
David Dando	U3A Narberth
Mike 3ohns	Narberth	Cricket Club
Raymond Bowen	St Andrew's Church
Cheryl Crowdy	Bloomfield	Nursery
Glynis Meredydd	Individual
Carina Newham	Individual
Steve Rigby	Individual
Francis Requena	Individual
3ohn Powell	Individual
Charlie Meredydd	Individual
William Silverstone	Individual

								2021	2020
						Unrestricted	Restricted	Total	Total
						fund	funds	funds	funds
					Notes	E	E	E	E
INCOME AND ENDOWMENTS			FROM
Donations and legacies						165,646		165,646	10,645
Charitable activities
Nursery After school club						78,975 25,743		78,975 25,743	109,549 59,096
Minibus						10,448		10,448	22,735
Community centre &	sports					70,063	9,833	79,896	215,478
Investment income						78		78	403
Total						350,953	9,833	360,786	417,906
EXPENDITURE ON
Charitable activities
Nursery After school club						135,034 52,449		135,034 52,449	111,552 50,394
Minibus Community centre &	sports					19,638 150,628	34,443	19,638 185,071	13,540 272,152
Total						357,749	34,443	392,192	447,638
NET INCOME/(EXPENDITURE)						(6,796)	(24,610)	(31,406)	(29,732)
Transfers between	funds				10	(9,892)	9,892
Other recognised gains/(losses)
Actuarial gains/(losses)		on defined		benefit
schemes						21,000		21,000	(33,000)
Net movement in funds						4,312	(14,718)	(10,406)	(62,732)
RECONCILIATION OF		FUNDS
Total funds brought	forward					155,537	1,217,761	1,373,298	1,436,030
TOTAL FUNDS CARRIED FORWARD						159,849	1,203,043	1,362I892	1,373,298

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
FIXEDASSETS	Notes		5		I
Tangible assets	6	101,916	1,203,039	1,304,955	1,324,588
CURRENT ASSETS
Debtors Cash at bank	7	21,450 110,500		21,450 110,505	28,917 102,642
		131,950		131,955	131,559
CREDITORS
Amounts falling due within one year	8	(15,017)		(15,018)	(9,849)
NET CURRENT ASSETS		116,933	4	116,937	121,710
TOTAL ASSETS LESSCURRENT
LIABILITIES		218,849	1,203,043	1,421,892	1,446,298
CREDITORS
Amounts falling due after more than one
year	9	(59,000)		(59,000)	(73,000)
NET ASSETS		159,849	1,203,043	1,362,892	1,373,298
FUNDS	10
Unrestricted funds Restricted funds				159,849 1,203,043	155,537 1,217,761
TOTAL FUNDS				1,362,892	1,373,298

		2021	2020
		E	E
Bank	interest	78	403

Th	e average monthly number of employees	during the year was as follows:
		2021	2020
All	staff	30	32

COMPARATIVES	COMPARATIVES	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	funds	funds
				E	E	E
INCOME AND ENDOWMENTS				FROM
Donations	and legacies			10,645		10,645
Charitable		activities
Nursery				109,549		109,549
After school		club		59,096		59,096
Minibus				22,735		22,735
Community		centre	ai sports	202,394	13,084	215,478
Investment		income		403		403
Total				404,822	13,084	417,906
EXPENDITURE ON
Charitable		activities
Nursery				111,552		111,552
After school		club		50,394		50,394
Minibus				13,540		13,540
Community		centre	ik sports	236I584	35,568	272,152
Total				412,070	35,568	447,638

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund I	funds 6	fundsI
NET INCOME/(EXPENDITURE)				(7,248)	(22,484)	(29,732)
Transfers between funds				(7,766)	7,766
Other recognised	gains/(losses)
Actuarial gains/(losses)		on defined	benefit
schemes				(33,000)		(33,000)
Net movement in	funds			(48,014)	(14,718)	(62,732)
RECONCILIATION	OF FUNDS
Total funds brought		forward		203,551	1,232,479	1,436,030
TOTAL FUNDS CARRIED FORWARD				155,537	1,217,761	1,373,298
TANGIBLE FIXED	ASSETS
					New
					recreation
				Leasehold	hall	Plant and
				property I	facility 6	machinery I
COST
At 1 April 2020 and	31	March 2021		665,541	735,888	10,884
DEPRECIATION
At 1 April 2020					103,024
Charge for year					14,718	1,088
At 31 March 2021					117,742	1,088
NET BOOK VALUE
At 31 March 2021				665,541	618,146	9,796
At 31 March 2020				665,541	632,864	10,884

TANGIBLE FIXED ASSE	TS - continued
			Fixtures
			and	Computer
			fittings	equipment	Totals
			E		E
COST
At 1 April 2020 and 31 March 2021			100,599	180	1,513,092
DEPRECIATION
At 1 April 2020			85,300	180	188,504
Charge for year			3,827		19,633
At 31 March 2021			89,127	180	208,137
NET BOOK VALUE
At 31 March 2021			11,472		1I304,955
At 31 March 2020			15,299		1,324,588
DEBTORS: AMOUNTS FALLING DUE WITHIN		ONE YEAR
				2021	2020
				E	E
Trade debtors				18,856	26,998
Other debtors				600	600
Prepayments and accrued	income			1,994	1,319
				21,450	28,917
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2021	2020
				E	E
Trade creditors Social security and other	taxes			4,429 5,089	1,529 3,263
Accrued expenses				5,500	5,057
				15,018	9,849

9.	CREDITORS:	CREDITORS:	AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR
								2021	2020
								E	E
	Pension liability							59,000	73,000
10.	MOVEMENT	IN FUNDS
							Net	Transfers
							movement	between	At
						At 1.4.20 f	in funds f	funds E	31.3.21 E
	Unrestricted		funds
	General fund					155,537	14,204	(9,892)	159,849
	Restricted	funds
	Restricted
						1,217,761	(24,610)	9,892	1,203,043
	TOTAL FUNDS					1,373,298	(10,406)		1,362,892
	Net movement		in funds,	included	in the	above are as follows:
						Incoming	Resources	Gains and	Movement
						resources E	expended E	losses	in funds f
	Unrestricted		funds
	General fund					350,953	(357,749)	21,000	14,204
	Restricted	funds
	Restricted
						9,833	(34,443)		(24,610)
	TOTAL FUNDS					360,786	(392,192)	21,000	(10,406)

Comparative	s for move	m	ent in fu	nds
						Net	Transfers
						movement	between	At'
					At' 1.4.19	in funds	funds	31.3.20
					E	E	E	E
Unrestricted	funds
General fund					203,551	(40,248)	(7,766)	155,537
Restricted funds
Restricted
					1,232,479	(22,484)	7,766	1,217,761
TOTAL FUNDS					1,436,030	(62,732)		1,373,298
Comparative	net movement		in funds,	included	in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					E	E
Unrestricted	funds
General fund					404,822	(412,070)	(33,000)	(40,248)
Restricted funds
Restricted
					13,084	(35,568)		(22,484)
TOTAL FUNDS					417,906	(447I638)	(33,000)	(62,732)
A current year 12 months		and prior year 12 months combined				position is as	follows:
						Net	Transfers
						movement	between	At
					At 1.4.19	in funds	funds	31.3.21
					E	E	E	E
Unrestricted	funds
General fund					203,551	(26,044)	(17,658)	159,849
Restricted funds
Restricted
					1,232,479	(47,094)	17,658	1,203,043
TOTAL FUNDS					1,436,030	(73,138)		1,362,892

EMPLOYEE	BENEFIT OBLIGATIONS - continued	BENEFIT OBLIGATIONS - continued	BENEFIT OBLIGATIONS - continued	BENEFIT OBLIGATIONS - continued	BENEFIT OBLIGATIONS - continued	BENEFIT OBLIGATIONS - continued	BENEFIT OBLIGATIONS - continued	BENEFIT OBLIGATIONS - continued
Discount rate for			scheme			liabilities			2.1%	2.4%
Rate of increase			in	salaries					4.2%	3.6%
Rate of increase			in	pensions					2.8%	2.2%
The mortality	assumptions						used	were
Longevity at	65	- current				pensioners
Men									23.1Years	23.0Years
Women									25.0 Years	24.9Years
Longevity at	65	- future			pensioners
Men									24.7 Years	24.5Years
Women									27.2 Years	27.1Years
Reconciliation		of		market			value ofscheme assets:
									2021	2020
										6
1 April 2020									357,000	397,000
Interest on plan		assets							8,000	10,000
Remeasurements			(assets)						86,000	(41,000)
Employer contributions
Member contributions									1,000	1,000
Benefits paid									(10,000)	(10,000)
31March 2021									442,000	357,000
Actual Return	on		scheme			assets		in the year	94,000	(29,000)
The value of	assets			in the		scheme were:
									2021	2020
									E	E
Equities									328,000	261,000
Government	bonds									14,000
Other bonds									51,000	36,000
Property									49,000	44,000
Cash									5,000	2,000
Other									9,000
									442,000	357,000
Reconciliation		ofpresent					value ofscheme liabilities:
								2021	2020
									E
I April 2020								430,000	426,000

Current service cost Interest on pension liabilities Past service cost Member contributions Remeasurement (gains)/losses Benefits paid	on liabilities	5,000 10,000 1,000 65,000 (10,000)	6,000 11,000 4,000 1,000 (8,000) (10,000)
31 March 2021		501,000	430,000

Analysis ofamount charged in the Statement	of Financial Activities
	2021	2020 I
Current service cost Net interest cost Past service costs	5,000 2,000	6,000 1,000 4,000
Total Operating Charge/(Credit)	7,000	11,000

						2021 I	2020	2019 E	2018	2017 E
Defined benefit obligation Plan assets						(501,000) 442IOOO	(430,000) 357,000	(426,000) 397,000	(378,000) 367,000	(370,000 ) 346,000
(Deficit)						(59,000)	(73,000)	(29,000)	(11,000)	(24,000)
Experience	adjustments		on	assets		86,000	(41,000)	(14,000)	3,000	33,000
Experience	remeasurement			of
liabilities						65,000	8,000	23,000	16,000	17,000
Total remeasurement		recognised			in
statement	of other	comprehensive
income						(21,000)	33,000	9,000	19,000	50,000

		2021	2020
		E	E
INCOME AND ENDOWMENTS
Donations and	legacies
Subscriptions Donations		546	2,663 644
Grants IRS grant		55,039 110,061	7,338
		165,646	10,645
Investment income
Bank interest		78	403
Charitable activities
Nursery Income		78,421	109,549
After school club	income	25,743	59,096
Minibus income		10,448	22,735
Community centre rents		17,724	62,070
PCC contributions Sports facilities fees		46,940 5,655	55,916 81,518
Refreshments (net) Sundry income		59 239	2,730 160
Community Fridge		9,833	13,084
		195,062	406,858
Total incoming	resources	360,786	417,906
EXPENDITURE
Charitable activities
Wages		91,822	147I453
Hire of plant and	machinery	122	2,842
Insurance		4,329	4,983
Light and heat		11,181	22,452
Telephone		2,993	1,017
Postage and stationery		232	1,667
Advertising			331
Sundries		198	1,984
Nursery expenses		135,034	111,552
After school club	expenses	52,449	50,394
Minibus expenses		18,963	21,646
Bad debt write off			324
Staff training		100	250
Subscriptions		299	734
Carried forward		317,722	367,629

			2021 6	2020I
Charitable activities
Brought forward Cleaning wages Rent	lk costs		317,722 22,372 525	367,629 30,083 525
Water rates			2,334	2,620
Repairs ik maintenance Depreciation of tangible		fixed assets	26,200 19,633	23,224 19,820
			388,786	443,901
Support costs
Finance
Bank charges			605	731
Governance	costs
Accountancy fees Trustee insurance			2,497 304	2,702 304
			2,801	3,006
Total resources	expended		392,192	447,638
Net expenditure			(31,406)	(29,732)