| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to | 6 |
| Independent Examiner's Report |
||
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Notes to the Financial Statements | 10 to | 18 |
| Detailed Statement of Financial Activities | 19 to | 20 |
| Trustees | |||||||
|---|---|---|---|---|---|---|---|
| Claire Dunbar | Serendipity | ||||||
| Lucien 3enkins | Narberth | Quakers/Adult | Ballet | ||||
| Alice Phillips | Alice Russell School of | Dance | |||||
| Steve Haysom | Narberth | Squash | Club | ||||
| Robe* Lewis | Narberth | RFC | |||||
| Peter Spacey | CMDC | withdrew | in November | 2022 | |||
| 3udy Smith | Pembs WI | withdrew | in 3une 2022 | ||||
| Ann Maidment | U3A | ||||||
| Lynne Richards | Learning | Pembrokeshire | - withdrew | in November | 2022 | ||
| Matthew 3ohns |
Narberth | AFC | |||||
| Mike Johns | Narberth | Cricket | Club | ||||
| Raymond Bowen |
StAndrews Church |
||||||
| Cheryl Crowdy Charles Clewett |
Bloomfieid Cor Dyfed |
Nursery Choir and Narberth 5 Whitland |
Rotary | Club | |||
| Stephen Drinkwater |
L P Yoga Class | ||||||
| Glinys Meredydd |
Individual | ||||||
| Carina Newham |
Individual | ||||||
| Steve Rigby | Individual | ||||||
| Francis Requena | Individual | ||||||
| Emma Richards | Individual | ||||||
| Charlie Meredydd |
Individual | ||||||
| William Silverstone |
Individual |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| Notes | fund | funds I |
funds 6 |
funds I |
|||||
| INCOME AND ENDOWMENTS | FROM | ||||||||
| Donations, | legacies | and grants | 5,272 | 15,489 | 20,761 | 52,802 | |||
| Charitable | activities | ||||||||
| Nursery | 135,860 | 135,860 | 135,543 | ||||||
| After school | club | 57,101 | 57,101 | 50,226 | |||||
| Minibus | 18,479 | 18,479 | 14,128 | ||||||
| Community | centre 82 sports |
177,739 | 177,739 | 125,769 | |||||
| Investment | income | 2 | 1173 | 1 173 | 28 | ||||
| Total | 39' 624 | 15489 | 411113 | 370 496 | |||||
| EXPENDITURE ON | |||||||||
| Charitable | activities | ||||||||
| Nursery After school |
club | 110,060 58,372 |
5,070 | 115,130 58,372 |
129,695 51,461 |
||||
| Minibus | 15,070 | 15,070 | 19,374 | ||||||
| Community | centre 83sports |
203 379 | 14 710 | 218 09 | 191300 | ||||
| Total | 386881 | 19788 | 406 669 | 391830 | |||||
| NET INCOME/(EXPENDITURE) | 8,743 | (4,299) | 4,444 | (13,334) | |||||
| Other recognised gains/(losses) Actuarial gains on defined benefit schemes |
141 OOD | 141 000 | 34 OOD | ||||||
| Net movement in |
funds | 149,743 | (4,299) | 145,444 | 20,666 | ||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total funds | brought | forward | 195,232 | 1,188,326 | 1,383,558 | 1,362,892 | |||
| TOTAL FUNDS CARRIED | FORWARD | 344 975 | 1 184D27 | 1 529 002 | 1 303 558 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| FIXEDASSETS | Notes | fund f |
funds | funds | funds f |
|
| Tangible assets | 6 | 971059 | 14184022 | 112817081 | 112861279 | |
| CURRENT ASSETS | ||||||
| Debtors Cash at bank |
7 | 47,441 107273 |
47,441 107270 |
37,699 121 97Q |
||
| 154,714 | 5 | 154,719 | 159,669 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
8 | (14,798) | (14,798) | (32,390) | ||
| NET CURRENT ASSETS | 139916 | 5 | 139921 | 127 279 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 236,975 | 1,184,027 | 1,421,002 | 1,413,558 | ||
| CREDITORS | ||||||
| Amounts falling due after more than one |
||||||
| year | 9 | 108,000 | 108,000 | (30,000) | ||
| NET ASSETS | 344 975 | I 104 027 | 3 529 002 | I 303 558 | ||
| FUNDS | 10 | |||||
| Unrestricted funds Restricted funds |
344,975 I 104 Q27 |
195,232 108 326 |
||||
| TOTAL FUNDS | I | 529 002 | I 383 550 |
| Th | e average |
monthly n |
umber of em |
plo | yees du |
rin | g the year was as |
follows: | |
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| All | staff | 22 | 20 | ||||||
| No | employees | received | emoluments | in | excess | of | 660,000. |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| 6 | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations, | legacies and | grants | 37,950 | 14,852 | 52,802 | |
| Charitable | activities | |||||
| Nursery After school |
club | 135,543 50,226 |
135,543 50,226 |
|||
| Minibus | 14,128 | 14,128 | ||||
| Community | centre &sports | 125,769 | 125,769 | |||
| Investment | income | |||||
| Total | 363 644 | 14852 | 378496 | |||
| EXPENDITURE ON | ||||||
| Charitable | activities | |||||
| Nursery After school Minibus |
club | 124,614 45,484 19,374 |
5,081 5,977 |
129,695 51,461 19,374 |
||
| Community | centre &sports | 172 789 | 18511 | 191300 | ||
| Total | 362 261 | 29 569 | 391830 | |||
| NET INCOME/(EXPENDITURE) Other recognised gains/(losses) |
1,383 | (14,717) | (13,334) | |||
| Actuarial gains on defined |
benefit | |||||
| schemes | 34,000 | 34,000 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
-continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| f | E | |||
| Net movement in |
funds | 35,383 | (14,717) | 20,666 |
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 159,849 | 1,203,043 | 1,362,892 |
| TOTAL FUNDS CARRIED FORWARD | 1'5 232 | 1 188 326 | 1 383 558 | |
| TANGIBLE FIXED | ASSETS | |||
| New | ||||
| recreation | ||||
| Leasehold | hall | Plant and | ||
| property E |
facility f |
machinery E |
||
| COST | ||||
| At 1April 2022 Additions |
665,541 | 735,888 2 547 |
10,884 | |
| At 31 March 2023 | 665 541 | 748 435 | 10 88 | |
| DEPRECIATION | ||||
| At 1 April 2022 Charge for year |
132,460 14761 |
2,176 1 089 |
||
| At 31March 2023 | 147 221 | 3 265 | ||
| NET BOOK VALUE At 31March 2023 |
665 541 | 601 214 | 7 619 | |
| At 31 March 2022 | 665 541 | 603 428 | 8708 | |
| Fixtures | ||||
| and | Computer | |||
| fittings f |
equipment f |
Totals E |
||
| COST | ||||
| At 1 April 2022 Additions |
100,599 333 |
180 | 1,513,092 12 880 |
|
| At 31 March 2023 | 100 932 | 180 | 1 525 972 | |
| DEPRECIATION | ||||
| At 1 April 2022 Charge for year |
91,997 2 228 |
180 | 226,813 18078 |
|
| At 31 March 2023 | 94 225 | 180 | 244 891 | |
| NET BOOK VALUE At 31 March 2023 |
6 707 | 1281 081 | ||
| At 31 March 2022 | 8602 | — | 1 286 279 |
| 7. | DESTORS: AMOUNTS | DESTORS: AMOUNTS | DESTORS: AMOUNTS | FALLING DUE W1THIN ONE YEAR | FALLING DUE W1THIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| f | ||||||||
| Trade debtors Other debtors |
45,620 600 |
35,729 600 |
||||||
| Prepayments | ~1221 | ~1370 | ||||||
| ~47 441 | ~37 699 | |||||||
| S. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Trade creditors Social security and other |
taxes | 4,948 5,494 |
7,436 31722 |
|||||
| Net wages | 83 | 83 | ||||||
| Other creditors | 12 | |||||||
| Accruals and income | in advance | ~4273 | ~21 137 | |||||
| ~14798 | ~32 390 | |||||||
| CREDITORS: | AMOUNTS | FALLING DUE AFTER MORE THAN ONE | YEAR | |||||
| 2023 f |
2022 | |||||||
| Pension asset | / ( liability) | ~108000 | ~30000) | |||||
| 10. | MOVEMENT IN FUNDS | |||||||
| Net | ||||||||
| movement | At | |||||||
| At | 1.4.22 f |
in funds | 31.3.23 | |||||
| Unrestricted | funds | |||||||
| Generalfund | 195,232 | 149,743 | 344,975 | |||||
| Restricted funds |
||||||||
| Restricted | ||||||||
| 1,188,326 | (4,299) | 1,184,027 | ||||||
| TOTAL FUNDS | 1303 558 | 145444 | 1 520 002 |
| Net movement | in funds, included |
in the above are as fol | lows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources 6 |
expended I |
losses | in funds I |
||
| Unrestricted | funds | ||||
| General fund |
395,624 | (386,881) | 141,000 | 149,743 | |
| Restricted funds | |||||
| Restricted | |||||
| 15,489 | (19,788) | (4,299) | |||
| TOTAL FUNDS | ~411113 | ~406 669 | ~141000 | ~145 444 |
| Compar | atives | for movement in fun |
ds | ||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At' 1.4.21 6 |
in funds I |
31.3.22 6 |
|||
| Unrestricted | funds | ||||
| General | fund | 159,849 | 35,383 | 195,232 | |
| Restricted funds | |||||
| Restricted | |||||
| 1,203,043 | (14,717) | 12188,326 | |||
| TOTAL | FUNDS | 3 362 852 | 28 666 | I 383 558 |
| Comparative | net movement in f |
unds, included in the abo |
ve are as follo | ws: | |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources I |
expended 6 |
losses 6 |
in funds | ||
| Unrestricted | funds | ||||
| General fund |
363,644 | (362,261) | 34,000 | 35,383 | |
| Restricted funds | |||||
| Restricted | |||||
| 14,852 | (29,569) | (14,717) | |||
| TOTAL FUNDS | ~378 496 | ~391830) | 34000 | 20 666 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Inflation | rate | 2.7% | 303% | ||||||
| Discount | rate for scheme | liabilities | 4 8% | 2.8% | |||||
| Rate of increase | in | salaries | 4.2% | 4.8% | |||||
| Rate of increase | in pensions | 2.8% | 3.4% | ||||||
| The mortality | assumptions | used | were | ||||||
| Longevity | at | 65 | - current | pensioners | |||||
| Men | 21.9Years | 23.0Years | |||||||
| Women | 24.1Years | 24.9Years | |||||||
| Longevity | at | 65 | - future pensioners | ||||||
| Men | 23.3Years | 24.4 Years | |||||||
| Women | 26.0 Years | 27.1Years | |||||||
| Reconciliation | of market | value ofscheme assets: | |||||||
| 2023 | 2022 | ||||||||
| 1 April 2022 | 468,000 | 442,000 | |||||||
| Interest | on plan | assets | 13,000 | 9,000 | |||||
| Remeasurements | (assets) | (25,000) | 22,000 | ||||||
| Employer | contributions | 4,000 | 4,000 | ||||||
| Member Benefits |
contributions paid |
1,000 ~71000 |
1,000 ~10000 |
||||||
| 31 March | 2023 | 450 000 | 468 000 | ||||||
| Actual Return |
on | scheme | assets | in the year | ~75 000 | 31 000 | |||
| The value | ofassets | in the | scheme were: | ||||||
| 2023 | 2022 | ||||||||
| Equities | 335,000 | 339,000 | |||||||
| Government | bonds | 2,000 | 6,000 | ||||||
| Other bonds | 32,000 | 37,000 | |||||||
| Property | 61,000 | 61,000 | |||||||
| Cash | 3,000 | 8,000 | |||||||
| Other | 17 000 | ~17000 | |||||||
| 450 000 | 468 000 |
| Reconciliation of p |
resent va | lue of scheme | liabilities: | |
|---|---|---|---|---|
| 2023I | 2022 | |||
| 1 April 2022 Current service cost Interest on pension Past service cost |
liabilities | 498,000 7,000 13,000 |
501,000 7,000 11000 |
|
| Member contributions Remeasurement (gains)/losses Benefits paid |
on liabilities | 1,000 (166,000) ~22 000 |
1,000 (12,000) ~70000 |
|
| 31 March 2023 | 342 000 | 498 QOD |
| 2023 | 2022 | |
|---|---|---|
| E | E | |
| Current service cost Net interest cost Past service costs |
7,000 | 7,000 2,000 |
| Total Operating Charge/(Credit) |
7 000 | 9 000 |
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |||
|---|---|---|---|---|---|---|---|---|
| E | E | E | ||||||
| Defined benefit |
||||||||
| obligation Plan assets |
(342,000) 450 000 |
(498,000) 468 000 |
(501,000) 442 000 |
(430,000) 357 000 |
(426,000) 397000 |
(378,000) 367 000 |
||
| Surplus | 108000 | 30 Doo | 59 000 | 73 000 | ~29 Qoo | flllOQ ~ | ||
| Experience | adjustments | |||||||
| on assets | (25,000) | 22,000 | 86,000 | (41,000) | (14,000) | 3,000 | ||
| Experience | ||||||||
| remeasurement | of | |||||||
| liabilities | (166,000) | (12,000) | 65,000 | 8,000 | 23,000 | 16,000 | ||
| Employer contributions |
4,000 | 4,000 | ||||||
| Total remeasurement | ||||||||
| recognised | in statement | |||||||
| of other comprehensive | ||||||||
| income | (137,000) | (30,000) | (21,000) | 33,000 | 9,000 | 19,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| 6 | |||
| INCOME AND ENDOWMENTS | |||
| Donations, legacies and grants |
|||
| Donations | 1,706 | 1,078 | |
| Grants | 19,055 | 25,980 | |
| 3RS grant | 25,583 | ||
| Fundraising | 161 | ||
| 20,761 | 52,802 | ||
| Investment income |
|||
| Bank interest | 1,173 | ||
| Charitable activities |
|||
| Nursery Income |
135,860 | 135,518 | |
| After school club income | 57,101 | 50,226 | |
| Minibus income |
18,479 | 14,128 | |
| Community centre rents |
44,324 | 36,165 | |
| PCC contributions Sports facilities fees |
55,916 75,665 |
50,785 38,227 |
|
| Refreshments (net) |
1,402 | 617 | |
| Sundry income |
432 | ||
| ~389 179 | ~325 666 | ||
| Total incoming resources |
411,113 | 378,496 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages Hire of plant and machinery |
108,639 355 |
95,483 | |
| Insurance Light and heat |
4,931 13,959 |
4,742 11,795 |
|
| Telephone Postage and stationery |
1,262 194 |
1,132 229 |
|
| Advertising | 596 | 447 | |
| Sundries | 2,073 | 2,425 | |
| Nursery expenses After school club expenses |
115,130 58,372 |
129,347 51,461 |
|
| Minibus expenses Bad debt write off Staff training Subscriptions |
15,070 1,126 1,386 358 |
19,374 348 253 379 |
|
| Fundraising | 161 | ||
| Cleaning wages ik costs |
15,381 | 15,451 | |
| Rent | 525 | 25 | |
| Water rates Repairs sr maintenance Depreciation oftangible |
fixed assets | 2,137 35,953 ~18077 |
2,083 31,175 ~18676 |
| 395,524 | 384,986 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Support costs | ||||
| Finance | ||||
| Bank charges | 1,211 | 831 | ||
| Governance | costs | |||
| Accountancy | fees | 8,190 | 5,709 | |
| Acc'y under/over | provision | 1,440 | ||
| Trustee insurance |
304 | 304 | ||
| ~9934 | ~6013 | |||
| Total resources | expended | ~406 669 | ~391830 | |
| Net income/(expenditure) | ~4444 | 13334 |