|||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|
##
|S.|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|
##
##
##
##
##
##
|ii.|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)|