2020-11-30-accounts

		Page
Report of the Trustees	1	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	to	18
Detailed Statement of Financial Activities	19	to	20

				30.11.20	30.11.19
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies	2				117
Charitable activities	5
Hall events & activities		149		149	405
Other trading activities	3	1,678		1,678	8,256
Investment income	4	2,160		2,160	2,040
Total		3,987		3,987	10,818
EXPENDITURE ON
Charitable activities	6
Hall events & activities		10,880		10,880	16,374
Other		806	12,390	13,196	13,152
Total		11,686	12,390	24,076	29,526
NET INCOME/(EXPENDITURE)		(7,699)	(12,390)	(20,089)	(18,708)
RECONCILIATION OF FUNDS
Total funds brought forward		67,290	468,441	535,731	554,439
TOTAL FUNDS CARRIED FORWARD		59,591	456,051	515,642	535,731

				30.11.20	30.11.19
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f	f	f
FIXED ASSETS
Tangible assets	12	32,385	456,051	488,436	496,244
CURRENT ASSETS
Debtors	13	2,567		2,567	2,243
Cash at bank		26,764		26,764	40,444
		29,331		29,331	42,687
CREDITORS
Amounts falling due within one year	14	(2,125)		(2,125)	(3,200)
NET CURRENT ASSETS		27,206		27,206	39,487
TOTAL ASSETS LESS CURRENT LIABILITIES		59,591	456,051	515,642	535,731
NET ASSETS		59,591	456,051	515,642	535,731
FUNDS	15
Unrestricted funds				59,591	67,290
Restricted funds				456,051	468,441
TOTAL FUNDS				515,642	535,731

	Unrestricted	Restricted
	funds	funds	30.11.20	30.11.19
	£	£	£	£
Physicians of Myddfai Society				100
Easy Fundraising			−	17
Myddfai Ty Talcen Limited
Grand Concert
Welsh Place Names Society			−
Volunteers Dinner
				117

		30.11.20	30.11.19
		£	£
	Hall Hire	1,678	8,256
		1,678	8,256
4.	INVESTMENT INCOME
		30.11.20	30.11.19
		£	£
	Feed in tariff	2,146	2,014
	Deposit account interest	14	26
		2,160	2,040

S.	INCOME FROM CHARITABLE	ACTIVITIES
			30.11.20	30.11.19
		Activity
	Hall activities & events	Hall events & activities	149	405
			30.11.20	30.11.19
	Show Income			213
	Cultural Committee Income		149	192
			149	405
6.	CHARITABLE ACTIVITIES COSTS
		Direct	Support
		Costs (see	costs (see
		note 7)	note 8)	Totals
	Hall events & activities	2,130	8,750	10,880
7.	DIRECT COSTS OF CHARITABLE ACTIVITIES
			30.11.20	30.11.19
	Stained Glass Panel		1,100	2,140
	Volunteers Dinner		SOO	600
	Aaron Perry −CD Player Cultural Committee Donation (2020: Morriston Cardiac Unit 2019:		300
	Prostate Cymru)		160	200
	Licences & subscriptions		70	2,529
	Training & Courses			300
	Myddfai Show Costs			169
			2,130	5,938

SUPPORT COSTS
			Governance
	Management	Other	costs	Totals
Other resources expended		13,196		13,196
Hall events & activities	7,118		1,632	8,750
	7,118	13,196	1,632	21,946
Support costs, included in the above, are as follows:
Management
			30.11.20	30.11.19
			Hall
			events &	Total
			activities	activities
Rates and water			284	282
Insurance			2,327	2,171
Light and heat			3,548	3,946
Repairs & maintenance			959	1,530
			7,118	7,929
Other
			30.11.20	30.11.19
			Other
			resources	Total
			expended	activities
Depreciation of tangible fixed assets			13,196	13,152
Governance costs
			30.11.20	30.11.19
			Hall
			events &	Total
			activities	activities
Accountancy & legal fees			1,632	2,507

	Unrestricted	Restricted	Total
	funds	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	116	1	117
Charitable activities
Hall events & activities	405		405
Other trading activities	8,256		8,256
Investment income	2,040		2,040
Total	10,817	1	10,818
EXPENDITURE ON
Charitable activities
Hall events & activities	16,374		16,374
Other	698	12,454	13,152
Total	17,072	12,454	29,526
NET INCOME/(EXPENDITURE)	(6,255)	(12,453)	(18,708)
RECONCILIATION OF FUNDS
Total funds brought forward	73,544	480,895	554,439
TOTAL FUNDS CARRIED FORWARD	67,289	468,442	535,731

INTANGIBLE FIXED ASSETS
	Website
	developme
COST
At 1st December 2019 and
30th November 2020	15,170
AMORTISATION
At 1st December 2019 and
30th November 2020	15,170
NET BOOK VALUE
At 30th November 2020
At 30th November 2019

TANGIBLE FIXED ASSETS
				Fixtures
	Freehold	Plant	and	and	Computer
	property	machinery		fittings	equipment	Totals
	£	£		£	£	£
COST
At 1st December 2019	604,511	6,147		15,557	1,469	627,684
Additions	5,387					5,387
At 30th November 2020	609,898	6,147		15,557	1,469	633,071
DEPRECIATION
At 1st December 2019	109,920	6,112		13,939	1,469	131,440
Charge for year	12,198		35	962		13,195
At 30th November 2020	122,118	6,147		14,901	1,469	144,635
NET BOOK VALUE
At 30th November 2020	487,780			656		488,436
At 30th November 2019	494,591		35	1,618		496,244

13.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			30.11.20	30.11.19
			f	f
	Trans with related parties		2,567	2,243
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			30.11.20	30.11.19
			f	f
	Other creditors		2,125	3,200
15.	MOVEMENT IN FUNDS
			Net
		At	movement	At
		1.12.19	in funds	30.11.20
		f	f	f
	Unrestricted funds
	General Fund	65,386	(7,640)	57,746
	Myddfai Show	782		782
	Cultural Committee	1,122	(59)	1,063
		67,290	(7,699)	59,591
	Restricted funds
	Building Funds	447,247	(10,993)	436,254
	Development Fund	19,670	(484)	19,186
	Marquee Fund	1,149	(688)	461
	Bowls club	375	(225)	150
		468,441	(12,390)	456,051
	TOTAL FUNDS	535,731	(20,089)	515,642

	Incoming	Resources	Movement
	resources	expended	in funds
	f	f	f
Unrestricted funds
General Fund	3,837	(11,477)	(7,640)
Cultural Committee	150	(209)	(59)
	3,987	(11,686)	(7,699)
Restricted funds
Building Funds		(10,993)	(10,993)
Development Fund		(484)	(484)
Marquee Fund		(688)	(688)
Bowls club		(225)	(225)
		(12,390)	(12,390)
TOTAL FUNDS	3,987	(24,076)	(20,089)
Comparatives for movement in funds
		Net
	At	movement	At
	1.12.18	in funds	30.11.19
	f	f	f
Unrestricted funds
General Fund	71,626	(6,240)	65,386
Myddfai Show	738	44	782
Cultural Committee	1,180	(58)	1,122
	73,544	(6,254)	67,290
Restricted funds
Building Funds	458,304	(11,057)	447,247
Development Fund	20,154	(484)	19,670
Marquee Fund	1,837	(688)	1,149
Bowls club	600	(225)	375
	480,895	(12,454)	468,441
TOTAL FUNDS	554,439	(18,708)	535,731

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General Fund	10,413	(16,653)	(6,240)
Myddfai Show	213	(169)	44
Cultural Committee	191	(249)	(58)
	10,817	(17,071)	(6,254)
Restricted funds
Building Funds	1	(11,058)	(11,057)
Development Fund		(484)	(484)
Marquee Fund		(688)	(688)
Bowls club		(225)	(225)
	1	(12,455)	(12,454)
TOTAL FUNDS	10,818	(29,526)	(18,708)

		Net
	At	movement	At
	1.12.18	in funds	30.11.20
Unrestricted funds
General Fund	71,626	(13,880)	57,746
Myddfai Show	738	44	782
Cultural Committee	1,180	(117)	1,063
	73,544	(13,953)	59,591
Restricted funds
Building Funds	458,304	(22,050)	436,254
Development Fund	20,154	(968)	19,186
Marquee Fund	1,837	(1,376)	461
Bowls club	600	(450)	150
	480,895	(24,844)	456,051
TOTAL FUNDS	554,439	(38,797)	515,642

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General Fund	14,250	(28,130)	(13,880)
Myddfai Show	213	(169)	44
Cultural Committee	341	(458)	(117)
	14,804	(28,757)	(13,953)
Restricted funds
Building Funds	1	(22,051)	(22,050)
Development Fund		(968)	(968)
Marquee Fund		(1,376)	(1,376)
Bowls club		(450)	(450)
	1	(24,845)	(24,844)
TOTAL FUNDS	14,805	(53,602)	(38,797)

	Detailed Statement of Financial Activities
	for the Year Ended 30th November 2020
		30.11.20	30.11.19
INCOME AND ENDOWMENTS
Donations and legacies
Donations			117
Other trading activities
Hall hire		1,678	8,256
Investment income
Feed in tariff		2,146	2,014
Deposit account interest		14	26
		2,160	2,040
Charitable activities
Hall activities & events		149	405
Total incoming resources		3,987	10,818
EXPENDITURE
Charitable activities
Donations		660	800
Cost of hall activities/events		1,470	5,138
		2,130	5,938
Support costs
Management
Rates and water		284	282
Insurance		2,327	2,171
Light and heat		3,548	3,946
Repairs & maintenance		959	1,530
		7,118	7,929
Other
Freehold property		12,198	12,090
Plant and machinery		36	89
Carried forward		12,234	12,179

for the Year Ended 30	th November 2020
	30.11.20	30.11.19
Other
Brought forward	12,234	12,179
Fixtures and fittings	962	973
	13,196	13,152
Governance costs
Accountancy & legal fees	1,632	2,507
Total resources expended	24,076	29,526
Net expenditure	(20,089)	(18,708)