REGISTERED COMPANY NUMBER: 1799310 (England and Wales) REGISTERED CHARITY NUMBER: 515024
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
FOR
ANTUR TANAT CAIN CYFYNGEDIG
D.R.E. & Co. Limited Chartered Accountants 7 Lower Brook Street Oswestry Shropshire SY11 2HG
ANTUR TANAT CAIN CYFYNGEDIG
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
ANTUR TANAT CAIN CYFYNGEDIG
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Antur Tanat Cain Cyfyngedig was formed to strengthen the life of the Tanat and Cain Valleys through promoting the Community's industry, potential and skills.
The Charity aims to provide education and opportunities to all members of the communities especially the elderly and disadvantaged.
All members of the community are able to partake in the activities.
The Charity offers access to the internet and help and training to use it. Family History classes take place during the winter months.
The management committee confirm they have had regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The management committee consider that the performance of the company's year under review has been satisfactory. Income from all sources for the year amounted to £38,483. Expenditure amounted to £25,727, giving rise to a surplus of £12,756. Within income is Covid 19 grants of £12,684.
For the first half of the financial year Antur Tanat Cain continued to offer support to members of the Community and to run the Jubilee Luncheon Club as normal. However from March 2020 with the Corona Virus Pandemic we had to curtail our activities.
The site at Llangedwyn was of course closed and the Manager needed to shield for much of the time. Members of the Committee particularly the Chair and Vice Chair looked after the site and undertook Community support by delivering medicines etc.
We set up a support group online and undertook Family History research with lots of local people. We digitised lots of historical photographs and shared them online.
We are optimistic that we will be able to return to our normal functions in the next financial year.
FINANCIAL REVIEW
Reserves policy
The reserves are currently standing at a satisfactory level. It is the aim of the management committee to maintain reserves at a reasonable level to ensure the long term financial security of the organisation.
FUTURE PLANS
Future plans include the extension of Luncheon Club in order to offer the facility to more people and try to fill the void which has occurred with the end of the Meals on wheels service in the area.
Continuation of present activities with fundraising activities more project focused.
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ANTUR TANAT CAIN CYFYNGEDIG
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by its memorandum and articles of association incorporated 12 March 1984. It constitutes a limited company, it is limited by guarantee, as defined by the Companies Act 2006.
The company is managed by the following Officers: Chairman Secretary Treasurer/vice chair
Antur Tanat Cain Cyfyngedig holds an annual general meeting.
Recruitment and appointment of new trustees
The governing body of the company is the Council of Members, which include the director and trustee. Appointment and removal of directors is governed by the Articles of Association and the Companies Act 2006. Recruitment of members takes place across the Charity's area of the Tanat and Cain Valleys. Local organisations and Community Councils are asked to put forward members when there are vacancies.
Risk management
The management committee have considered the major risks to which the charity is exposed, have reviewed them and consider that suitable systems are in place to mitigate those risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
1799310 (England and Wales)
Registered Charity number
515024
Registered office
Site Office, Llangedwyn Craft Work Shops Llangedwyn Mill Llangedwyn Shrophire SY10 9LD
Trustees
E M L Hale
Company Secretary
Mrs M Wilde
Independent Examiner
Martyn Kent F.C.A, C.T.A D.R.E. & Co. Limited Chartered Accountants 7 Lower Brook Street Oswestry Shropshire SY11 2HG
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ANTUR TANAT CAIN CYFYNGEDIG
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020
Management Committee
| J Parkinson | Chairman |
|---|---|
| E M L Hale | Vice Chairman |
| Tentant's Representative | |
| C Burton | |
| Cllr Lewis | |
| Cllr A Davies | |
| Cllr G Broadbent |
Approved by order of the board of trustees on 25 March 2021 and signed on its behalf by:
Mrs M Wilde - Secretary
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANTUR TANAT CAIN CYFYNGEDIG
Independent examiner's report to the trustees of Antur Tanat Cain Cyfyngedig ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martyn Kent F.C.A, C.T.A D.R.E. & Co. Limited Chartered Accountants 7 Lower Brook Street Oswestry Shropshire SY11 2HG
25 March 2021
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ANTUR TANAT CAIN CYFYNGEDIG
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020
| 30.9.20 | 30.9.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 12,684 | - | |
| Other trading activities | 2 | 25,793 | 28,031 |
| Investment income | 3 | 6 | 7 |
| Total | 38,483 | 28,038 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable | 25,727 | 23,906 | |
| NET INCOME | 12,756 | 4,132 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 17,221 | 13,089 | |
| TOTAL FUNDS CARRIED FORWARD | 29,977 | 17,221 |
The notes form part of these financial statements
Page 5
ANTUR TANAT CAIN CYFYNGEDIG
BALANCE SHEET 30 SEPTEMBER 2020
| 30.9.20 | 30.9.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 31,925 | 19,004 | |
| CREDITORS | |||
| Amounts falling due within one year | 7 | (1,948) | (1,783) |
| NET CURRENT ASSETS | 29,977 | 17,221 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 29,977 | 17,221 | |
| NET ASSETS | 29,977 | 17,221 | |
| FUNDS | 8 | ||
| Unrestricted funds | 29,977 | 17,221 | |
| TOTAL FUNDS | 29,977 | 17,221 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 March 2021 and were signed on its behalf by:
E M L Hale - Trustee
The notes form part of these financial statements
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ANTUR TANAT CAIN CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
Incoming resources mainly comprise miscellaneous sales and services and rents received from craft centre and workshops, excluding value added tax. They are included on the Statement of Financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy
No amounts are included within the accounts for services donated by volunteers..
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
The charity has one fund, which is unrestricted. It is available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 30.9.20 | 30.9.19 | ||
| £ | £ | ||
| Craft centre & workshop | 21,281 | 21,709 | |
| Services & car boot sales | 4,512 | 6,322 | |
| 25,793 | 28,031 | ||
| 3. | INVESTMENT INCOME | ||
| 30.9.20 | 30.9.19 | ||
| £ | £ | ||
| Deposit account interest | 6 | 7 |
continued...
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ANTUR TANAT CAIN CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30.9.20 | 30.9.19 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration for non audit work | 1,203 | 1,309 |
| Deficit on disposal of fixed assets | - | 951 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Other trading activities | 28,031 |
| Investment income | 7 |
| Total | 28,038 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable | 23,906 |
| NET INCOME | 4,132 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 13,089 |
| TOTAL FUNDS CARRIED FORWARD | 17,221 |
continued...
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ANTUR TANAT CAIN CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|
| 30.9.20 | 30.9.19 | |||
| £ | £ | |||
| Trade creditors | 1,948 | 1,783 | ||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.19 | in funds | 30.9.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 17,221 | 12,756 | 29,977 | |
| TOTAL FUNDS | 17,221 | 12,756 | 29,977 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,483 | (25,727) | 12,756 | |
| TOTAL FUNDS | 38,483 | (25,727) | 12,756 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1.10.18 | in funds | 30.9.19 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 13,089 | 4,132 | 17,221 | |
| TOTAL FUNDS | 13,089 | 4,132 | 17,221 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 28,038 | (23,906) | 4,132 | |
| TOTAL FUNDS | 28,038 | (23,906) | 4,132 |
continued...
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ANTUR TANAT CAIN CYFYNGEDIG
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.10.18 in funds 30.9.20 £ £ £ 13,089 16,888 29,977 13,089 16,888 29,977 |
Net At movement At 1.10.18 in funds 30.9.20 £ £ £ 13,089 16,888 29,977 13,089 16,888 29,977 |
|---|---|---|
| 29,977 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,521 | (49,633) | 16,888 |
| TOTAL FUNDS | 66,521 | (49,633) | 16,888 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2020.
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ANTUR TANAT CAIN CYFYNGEDIG
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
||
|---|---|---|
| 30.9.20 | 30.9.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Grants | 12,684 | - |
| Other trading activities | ||
| Craft centre & workshop | 21,281 | 21,709 |
| Services & car boot sales | 4,512 | 6,322 |
| 25,793 | 28,031 | |
| Investment income | ||
| Deposit account interest | 6 | 7 |
| Total incoming resources | 38,483 | 28,038 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 1,661 | 1,700 |
| Rates and water | 2,248 | 1,182 |
| Insurance | 3,540 | 3,040 |
| Light and heat | 4,956 | 4,313 |
| Telephone | 240 | 240 |
| Postage and stationery | 357 | 322 |
| Sundries | 2,119 | 1,744 |
| Donations | 650 | 1,075 |
| 15,771 | 13,616 | |
| Support costs | ||
| Management | ||
| Wages | 6,642 | 6,800 |
| Building materials & site cost | 2,002 | 1,092 |
| Loss on sale of tangible fixed assets | - | 951 |
| 8,644 | 8,843 | |
| Finance | ||
| Bank charges | 109 | 138 |
| Governance costs | ||
| Auditors' remuneration for non audit work | 1,203 | 1,309 |
| Total resources expended | 25,727 | 23,906 |
| Net income | 12,756 | 4,132 |
This page does not form part of the statutory financial statements
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