| CONTENTS | PAGE | ||
|---|---|---|---|
| Independent | Examiners | Report | |
| Trustees Annual Report |
2to 3 | ||
| Balance Sheet | |||
| Statement of | Financial | Activities | |
| Notes to the | Financial Statements | 6to 10 |
| Trustees | |||||||
|---|---|---|---|---|---|---|---|
| Ms Kerri Crewe | |||||||
| Mr Paul Blackwell (appointed | February 2022) | ||||||
| Mr lan Ellis (appointed | February 2022) | ||||||
| Senior Staff | |||||||
| The Trustees have delegated | the day to day management | of | the | charity to Matthew | Mullen. | ||
| Business Support Services | |||||||
| Bankers: | Qarclays Bank Pic, 50 Hope | Street, Wrexham, | LL11 1BE | ||||
| Independent Examiner |
John Device &Co., StAndrews | House, Yale Business Village, Ellice Way, | |||||
| Wrexham, LL13TYL |
|||||||
| Solicitors: | GHP Legal, 26-30 Grosvenor | Road, Wrexham, | LL11 1BU |
| Note | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| FIXEDASSETS | |||||||
| Tangible assets | 425,882 | 427,988 | |||||
| CURRENT ASSETS | |||||||
| Stocks | 4. | 7,111 | 7,140 | ||||
| Debtors | 5. | 13,131 | 7,285 | ||||
| Cash at bank and | in hand | 6. | 24 675 | 30338 | |||
| 44,917 | 44,763 | ||||||
| CREDITORS: amount | due in less than | ||||||
| one year | 7. | 29 700 | 13825 | ||||
| NET CURRENT ASSETS | 15217 | 30938 | |||||
| NET ASSETS | |||||||
| REPRESENTED BY: | |||||||
| Unrestricted Funds |
8. | 365,413 | 383,228 | ||||
| Restricted Funds |
8. | 75686 | 75698 |
| Unrestricted | Restricted | Restricted | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| Note | Fund | Fund | Total Funds | Total Funds | ||||
| INCOMING RESOURCES |
1(e) | |||||||
| Incoming resources from | donations | and legacies | ||||||
| Donation received | ||||||||
| Grants receivable Government grants receivable |
4,040 | 4,040 | 52,795 | |||||
| Donations | 500 | |||||||
| Bank interest | ||||||||
| Incoming resources from | charitable | activities | ||||||
| Occupational licence fee Tuesday club Room hire MUGA hire Catering |
16,000 1,000 18,789 9,540 753 |
16,000 1,000 18,789 9,540 753 |
16,000 1,500 7,108 10,208 |
|||||
| Sundries | 115 | 115 | ||||||
| Total Incoming Resources |
~50237 | 50237 | ~88111 | |||||
| RESOURCES EXPENDED | 1(0 | |||||||
| Chaditable activities |
||||||||
| Rates and water Power, light and heat Insurance Salaries and wages Building repairs and maintenance Community Entertainment events Catering costs |
2 | 2,633 6,369 19,910 9,341 13,543 9,861 350 |
2,633 6,369 19,910 9,341 13,543 9,861 350 |
1,394 3,223 19,841 7,702 55,830 5,817 |
||||
| Sundry expenses | 145 | |||||||
| Depreciation Governance costs |
3,181 | 12 | 3,193 | 3,620 | ||||
| Independent examiners fee |
650 | 650 | 550 | |||||
| Professional, consultancy and legal fees Total Resources Expended |
2214 ~68052 |
12 | 2214 ~68 064 |
5551 ~103784 |
||||
| Net Income/(expenditure) | ||||||||
| before transfers | (17,815) | (12) | (17,827) | (15,873) | ||||
| TRANSFERS | ||||||||
| Gross transfers between funds |
||||||||
| Net income/(expenditure) before other |
||||||||
| recognised gains and losses Gains/losses on sale offixed assets |
(17,815) | (12) | (17,827) | (15,873) | ||||
| Net movement in funds |
(17,815) | (12) | (17,827) | (15,673) | ||||
| RECONCILATION OF FUNDS |
||||||||
| Total funds brought forward Total funds carried forward |
383225 | 75 | 698 | 458926 | 474 599 |
| 3.FIXEDA | SSETS | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures | |||||||||
| ~Pro ert | ~1k | Fi | in s | Total | ||||||
| COST | ||||||||||
| 1"February Additions |
2022 | 408,896 | 213,268 1 087 |
622,164 1 087 |
||||||
| 31"January | 2023 | |||||||||
| DEPRECIATION | ||||||||||
| 1"February 2022 Charge for year |
194,176 3193 |
194,176 3193 |
||||||||
| 31"January | 2023 | |||||||||
| NET BOOK | VALUE | |||||||||
| 31*'January 2023 31"January 2022 |
408896 | ~12 | 4~2 427988 |
|||||||
| Freehold | property | is | not depreciated. | The Trustees consider that the estimated | useful | life ofthe property | is so | |||
| long and | the residual | value so high that | the depreciation | is not considered | necessary. |
| 4.STOCKS | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||||
| Bar Stocks | 5,761 | 5,790 | ||||||||||
| Tombola prizes Lottery tickets Sundry stocks |
100 500 750 |
100 500 750 |
||||||||||
| 5.DEBTORS | ||||||||||||
| 2023 | 2022 | |||||||||||
| Prepayments and |
accrued income | 4,708 | 6,575 | |||||||||
| VAT debtor | ||||||||||||
| insurance claim |
||||||||||||
| Other debtors | 644 | |||||||||||
| Loan to Llay Miners Welfare Institute Trade debtors |
Limited | 1,956 ~646 |
66 | |||||||||
| Llay Miners Welfare Institute Limited (limited company number 03158938) is obliged by it's Memorandum and Articles of Association to covenant any surplus to the charity at the end ofeach financial period. The company operates as a social club to support the overall objectives ofthe charity. However, due the Covid-19 pandemic and the enforced closures ofthe club the company made a loss in a previous financial year ofEt8,641 and has had to be supported by a loan from the charity in order for it to continue it's activities. The loan will be repaid out offuture surpluses and the company continues to trade. As at 31"January 2023 the balance has been reduced to81,956. |
| 2023 | 2022 | ||
|---|---|---|---|
| Charity Current Accounts 50/50 Draw Account Cash in Hand |
16,217 5,315 3 143 |
24,413 4,068 1 857 |
|
| 7.CREDITORS: amounts | falling due in less than one year | ||
| Trade and other creditors Accruals Other taxation and social security |
2023 16,083 8,197 5420 |
2022 4,013 7,987 1 825 |
| Net movements in funds during the c |
urrent year are as follows | : | |||
|---|---|---|---|---|---|
| Transfers | |||||
| At 1 | Net Incoming | Net Outgoing | between | At 31 | |
| Unrestricted funds |
Feb 2022 | Resources | Resources | Funds | Jan 2023 |
| General Fund |
6 52 |
||||
| Restricted funds Improvements Fund |
~5 | ~2 | |||
| The restricted funds are represented |
by the following assets:- | ||||
| Improvements Fund |
2023 | 2022 | |||
| Freehold Property at net book value Fixtures 8 fittings at net book value Balances held on deposit |
74,505 35 1 146 |
74,505 47 1 146 |