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||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|
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|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|||||||
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|||||||||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|
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|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|
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|||||||||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|
##
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##
|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|
##
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|||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|
##
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||||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|