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2021-12-31-accounts

The Charity Registration Number is :- 525766

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Report and Unaudited Accounts

31 December 2021

Cross & Bowen 11 Calvert Terrace Swansea SA1 6AT

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Report and accounts for the year ended 31 December 2021

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of trustees' responsibilities 5
Chartered Accountants' report 7
Funds Statements:-
Statement of Financial Activities 8
Statement of Financial Activities - Prior Year statement 9
Statement of total recognised gains and losses 10
Movements in funds 11
Revenue Funds 11
Summary of funds 11
Income and Expenditure account 12
Balance sheet 13
Notes to the accounts 14

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Trustees' Annual Report for the year ended 31 December 2021

The Trustees present their Report and Accounts for the year ended 31 December 2021.

Reference and administrative details

The charity name.

The legal name of the charity is:- Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

The charity is also known by its operating name, Sunday School Council for Wales

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 525766

Legal structure of the charity

The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .

The Governing Document is dated 14 January 1966

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Ael-y-Bryn Chwilog, Pwllheli Gwynedd, LL53 6SH

Telephone 01766 819120 Email Address aled@ysgolsul.com Web address www.ysgolsul.com

The Trustees in office on the date the report was approved were:-

Revd. Dyfrig Lloyd Revd. Dyfrig Rees Mr. Rheinallt Armon Thomas Mr. Idris Owen Hughes Revd. Jennifer Anne Hurd Revd. Judith Anne Morris

1

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Trustees' Annual Report for the year ended 31 December 2021

The following persons served as Trustees during the year ended 31 December 2021 :-

The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-.

Name Revd. Dyfrig Lloyd Revd. Dyfrig Rees Mr. Rheinallt Armon Thomas Mr. Idris Owen Hughes Revd. Jennifer Anne Hurd Revd. Judith Anne Morris

Appointed

Resigned/Retired

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The charity is governed by a Declaration of Trust.

The object of the charity is the furtherance of Christian Education in Wales through the promotion of Sunday Schools and the sale of complementary religious books.

Public benefit that is provided by the charity

The charity provides benefit to the public by the furtherance of Christian Education in Wales through the promotion of Sunday Schools and the sale of complementary religious books.

The main activities undertaken in relation to those purposes during the year. The contribution of volunteers

The Council relies heavily on volunteer committee members who contribute both general knowledge of church life and specialist expertise. The Council values highly the contribution of the volunteer committee members without which it could not operate.

The main achievements and performance of the charity during the year.

Investment performance against the investment objectives.

In the financial review section of this report there is a description of the investment policies and objectives established by the trustees and the extent to which social environmental or ethical considerations are taken into account.

The investment performance achieved against the objectives set was satisfactory

2

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Trustees' Annual Report for the year ended 31 December 2021

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

New trustees are recruited and appointed from among those identified by the denominational partners.

The policies and procedures for the induction and training of trustees.

There are no formal induction and training processes in place at present. New trustees are initiated through serving and gaining experience; however, trustees are aware of their responsibilities and accountability.

The organisational structure of the charity and how decisions are made.

Overall control of the charity is exercised by the Council meeting annually. Implementation of the policies adopted by the Council is carried out by the executive committee meeting four times each year. Interim decision making is carried out by the officers and panel members, and day to day management is delegated to the employed Director.

The General Secretary and other senior management personnel to whom day to day management is delegated

Revd. D Aled Davies

The charity's relationships with other groups, charities and individuals

The denominational partners are the Presbyterian Church of Wales, Undeb yr Annibynwyr Cymraeg, the Methodist Church in Wales, the Baptist Union of Wales and the Church in Wales. The charity is affiliated to Cytun (Churches Together in Wales) and through this affiliation relates to all the member denominations working in Wales. The charity is also a member of the Consultative Group for Ministry among Children, the children's work department of Churches Together in Britain and Ireland, connecting all children's workers among UK Christians. In addition, the charity is a member of the European Conference for Christian Education, where Sunday School work leaders of all Europe meet to discuss their work. Within Wales, the charity is represented on the fellow-man and Christ committee of Urdd Gobaith Cymru, Wales' national youth organisation.

Bankers Auditors

HSBC Bank PLC, Y Sgwar, Porthaethwy, Ynys Mon, LL59 5DH Cross & Bowen Chartered Accountants, 11 Calvert Terrace, Swansea SA1 6AT

3

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Trustees' Annual Report for the year ended 31 December 2021

Financial review

The charity's financial position at the end of the year ended 31 December 2021

The financial position of the charity at 31 December 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

2021
£
(6,589)
303,248
Designated Revenue Funds
19,767
Total Unrestricted Funds
323,015
Total Funds
323,015
Unrestricted Revenue Funds available for the general
purposes of the charity
Net (expenditure)/income		 2020
£
16
307,117
22,487
329,604
329,604

Financial review of the position at the reporting date, 31 December 2021 .

The trustees consider the financial performance by the charity during the year to have been satisfactory, taking into consideration the global Coronavirus pandemic (see note below).

Policies on reserves.

The charity requires to retain reserves to cover expenditure for two years of operation, and to meet the financial requirements of the seasonal publishing cycle.

Availability and adequacy of assets

The board of trustees is satisfied that the charity's assets are available and adequate to fulfil its obligations.

Significant events which have affected the financial performance and the financial position.

Naturally the work of the Sunday School Council was affected by the impact of the global pandemic. It is good to note that the charity's work continued over this period, with employees focusing their energy on developing digital web resources in response to the pandemic, in order to assist churches and Sunday schools with new resources in this period. We also continued to work with authors and editors to develop new print resources.

But bookshops remained closed for much of the year, and other sales opportunities were scarce, so book sales suffered significantly as a result. However, a business grant was received from the Welsh Government through Gwynedd Council to help us over this period, towards making good the shortfall due to lower than usual book sales.

Investment policy and investment objectives.

In the financial review section of this report there is a description of the investment policies and objectives established by the trustees and the extent to which social environmental or ethical considerations are taken into account.

The investment performance achieved against the objectives set was satisfactory.

4

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Trustees' Annual Report for the year ended 31 December 2021

Risks and uncertainties facing the charity.

The trustees identify the major risks to which the charity is exposed each financial year when preparing and updating a strategic plan, in particular those related to the operations and finances of the charity. The trustees then review any major risks which have been identified, and establish systems to mitigate those risks. The charity is satisfied that the systems are in place to mitigate their exposure to the major risks which have been so identified and reviewed.

Principal funding sources in the year and how these support the key objectives of the charity.

The Council's main funding during the year has been from denominational grants, and from the Education Sunday Appeal to churches and individuals, and has also been derived from sale of charity Christmas cards and popular books. The expenditure on staff, on travelling expenses, on publishing and on financial administration has been paid for from this income.

Statement of Trustees's Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

5

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Trustees' Annual Report for the year ended 31 December 2021

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 13 June 2022.

Mr. Idris Owen Hughes Trustee

6

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Independent examiner’s report to the Trustees of Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

I report on the accounts of the Trust for the year ended 31st December 2021, which are set out on pages 8 to 26.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

. examine the accounts under section 145 of the 2011 Act;

. to follow the procedures laid down in the General Directions given by the Charity Commission under

. to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

. to keep accounting records in accordance with section 130 of the 2011 Act; and

. to prepare accounts which accord with the accounting records and to comply with the accounting ____requirements of the 2011 Act

have not been met;

or

Nicholas Davies

Cross & Bowen

11 Calvert Terrace Swansea SA1 6AT

16 June 2022

7

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru - Statement of Financial Activities for the year ended 31 December 2021

Statement of Financial Activities for the year ended 31 December 2021

Current year
Unrestricted Funds
2021
£
Income & Endowments from:
Donations & Legacies
A1
82,535
Other trading activities
A3
23,167
Investments
A4
2,339
Total income
A
108,041
Expenditure on:
Charitable activities
B2
107,024
Total expenditure
B
107,024
Net gains/(losses) on investments
B4
(7,606)
Net (expenditure)/income for the year
(6,589)
A-B-C
(6,589)
(6,589)
Reconciliation of funds:-
E
Total funds brought forward
329,604
Total funds carried forward
323,015
Net (expenditure)/income after
transfers
Net movement in funds
SORP
Ref		 Current year
Restricted Funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2021
£
82,535
23,167
2,339
108,041
107,024
107,024
(7,606)
(6,589)
(6,589)
(6,589)
329,604
323,015		 Prior Year
Total Funds
2020
£
84,283
13,917
3,284
101,484
106,577
106,577
5,109
16
16
16
329,588
329,604

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 14 to 26 form an integral part of these accounts.

8

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru - Statement of Financial Activities for the year ended 31 December 2021

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Total expenditure
B
B4
Net expenditure for the year
Transfers between funds
C
Net income after transfers
Other recognised gains/(losses)
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
SORP
Ref
Net gains/(losses) on investments		 Prior Year
Unrestricted Funds
2020
£
86,149
-
26,291
3,803
116,243
740
112,686
113,426
4,471
2,817
-
7,288
-
7,288
307,101
314,389
 Prior Year
Restricted Funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Total Funds
2020
£
84,283
-
13,917
3,284
101,484
-
106,577
106,577
5,109
(5,093)
-
16
-
16
329,588
329,604

All activities derive from continuing operations

9

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru - Statement of Financial Activities for the year ended 31 December 2021

Statement of Total Recognised Gains and Losses for the year ended 31 December 2021

----- Start of picture text -----
2021 2020
£ £
Surplus/(deficit) for the year :-
Net excess of income over expenditure from operations before tax 1,017 (5,093)
Income from operations before tax in the Statement of Financial Activites 1,017 (5,093)
Add/(deduct) non income and expenditure items:-
Unealised (losses)/gains on investments (7,606) 5,109
Net Movement in funds before taxation (6,589) 16
Funds generated in the year as shown on Statement of Financial Activities (6,589) 16
The notes attached on pages 14 to 26 form an integral part of these accounts.
----- End of picture text -----

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru - Resources applied in the year ended 31 December 2021 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities		 2021
£
(6,589)
(6,589)		 2020
£
16
16

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 14 to 26 form an integral part of these accounts.

10

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru - Statement of Financial Activities for the year ended 31 December 2021

Movements in revenue and capital funds for the year ended 31 December 2021

Revenue accumulated funds

Unrestricted
Restricted
Funds
Funds
2021
2021
£
£
Accumulated funds brought forward
329,604
-
(6,589)
-
323,015
-
Closing revenue funds
323,015
-
Designated revenue funds included within the unrestricted funds above
At 1 January
At 31 December
Summary of funds
Unrestricted
Restricted
and
Funds
Designated funds
2021
2021
£
£
Revenue accumulated funds
303,248
-
Revenue designated funds
19,767
-
Total funds
323,015
-
Recognised gains and losses before
transfers		 Total
Funds
2021
£
329,604
(6,589)
323,015
323,015
Total
Funds
2021
£
19,767
19,767
Total
Funds
2021
£
303,248
19,767
323,015		 Last year
Total Funds
2020
£
329,588
16
329,604
329,604
Last year
Total Funds
2020
£
22,487
22,487
Last Year
Total Funds
2020
£
307,117
22,487
329,604

The notes attached on pages 14 to 26 form an integral part of these accounts.

11

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru - Statement of Financial Activities for the year ended 31 December 2021

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Income and Expenditure Account for the year ended 31 December 2021

Income
Income from operations
Income from investments, other than interest receivable
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2021
£
105,702
2,322
17
108,041
108,041
104,527
241
2,256
-
107,024
1,017
-
1,017
1,017		 2020
£
98,200
2,915
369
101,484
101,484
103,544
789
2,244
-
106,577
(5,093)
-
(5,093)
(5,093)

All activities derive from continuing operations

The notes attached on pages 14 to 26 form an integral part of these accounts.

12

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru - Balance Sheet as at 31 December 2021

Note
SORP
Ref
Fixed assets
A
Tangible assets
10
A2
Investments held as fixed assets
11
A4
Total fixed assets
Current assets
B
Stocks
B1
Cash at bank and in hand
B4
Total current assets
Creditors: amounts falling due within one
year
13
C1
Net current assets
The total net assets of the charity
Unrestricted Funds
Unrestricted Revenue Funds
16
D3
Designated Revenue Funds
16
D3
Total charity funds
The total net assets of the charity are funded by the funds		 2021
£
31
109,728
109,759
25,519
189,993
215,512
(2,256)
213,256
323,015
303,248
19,767
323,015
of the charity, as follows:-		 2020
£
272
117,334
117,606
23,109
192,018
215,127
(3,129)
211,998
329,604
307,117
22,487
329,604

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 7.

TheThe Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Mr. Idris Owen Hughes

Trustee Approved by the board of trustees on 13 June 2022

The notes attached on pages 14 to 26 form an integral part of these accounts.

13

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The accounts have been prepared on a going concern basis and the Trustees that there are no key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Policies relating to categories of income and income recognition.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.

Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.

If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities

14

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity.

Allocation of costs within types of resources expended

The charity's operating costs include staff costs and other related costs. Such costs are allocated between types of resources expended and between charitable expenditure and management and administration on the basis of estimates made by the directors.

Administration expenditure includes all expenditure not directly related to charitable activity. In respect of certain items of expenditure it is a matter of judgement as to whether such items are direct charitable expenditure, or are administrative, and the directors have applied what they consider to be reasonable judgements in appportioning such costs.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

Policies relating to assets, liabilities and provisions and other matters.

Fixed Asset Investments

Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.

Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.

All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.

15

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Plant and machinery

33.33 % straight line

When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund.

Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

As the related assets are depreciated, in accordance with the depreciation policy,in order to reflect the dimunition in the asset,a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any.

The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets.

In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets.

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Pensions - defined contribution schemes

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is only partially recoverable by the charity, and the cost of such VAT that is irrecoverable is included in the Statement of Financial Activities.

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Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Net surplus before tax in the financial year

Depreciation of owned fixed assets
Pension costs
5 Investment gains
Current year
Unrestricted
Funds
2021
£
Unrealised gains /(losses) and writing down of carrying values
Listed investments - Unrealised
(7,606)
Total unrealised gains/(losses) etc
(7,606)
Total realised and unrealised gains
(7,606)
6 Staff costs and emoluments
Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's National Insurance for all staff
Total salaries, wages and related costs
Employer's operating costs of defined contribution pension schemes
The net surplus before tax in the financial year is stated after charging:-		 Current year
Restricted
Funds
2021
£
-
-
-		 2021
£
241
3,159
Current year
Total Funds
2021
£
(7,606)
(7,606)
(7,606)
2021
£
50,380
4,136
3,159
57,675		 2020
£
789
3,159
Prior Year
Total Funds
2020
£
5,109
5,109
5,109
2020
£
50,194
4,147
3,159
57,500

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

17

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

7 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

8 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

9 Trustees' expenses

No trustee expenses were incurred, either in the current or prior year.

2021 2020
£ £
The amount reimbursed to trustees - -

The nature of the trustees' expenses was travel and subsistence.

10 Tangible fixed assets

Cost
At 1 January 2021
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Plant &
Machinery
£
23,170
23,170
22,898
241
23,139
31
272		 Total
£
23,170
23,170
22,898
241
23,139
31
272

18

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

11 Investments held as fixed assets

Carrying values of investments
At 1 January 2021
Revaluation at 31 December 2021
At 31 December 2021
Analysis between fair value and historical cost
Investments as above held at fair value
Analysis of Other Investments
Cash or cash equivalents
At 1 January 2021
Movements in the year
At 31 December 2021
12 Stocks & Work in Progress
Stocks before write downs
Analysis of the carrying value of stocks by activities
Activity
Other activities		 Listed
investments
£
117,334
(7,606)
109,728
109,728		 Other
Investments
Total
£
£
-
117,334
-
(7,606)
-
109,728
-
109,728
Included at fair
value
Total
£
£
117,334
117,334
(7,606)
(7,606)
109,728
109,728
2021
2020
£
£
25,519
23,109
25,519
23,109
2021
2020
£
£
25,519
23,109
25,519
23,109
Stocks

19

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

13 Creditors: amounts falling due within one year
Accruals
Other creditors
14 Income and Expenditure account summary
At 1 January 2021
Surplus/(loss) after tax for the year
At 31 December 2021
15 Particulars of how particular funds are represented by assets and liabilities
At 31 December 2021
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
31
-
Investments at valuation:-
Fixed asset investments
109,728
-
Current Assets
195,745
19,767
Current Liabilities
(2,256)
-
303,248
19,767
At 1 January 2021
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
272
-
Investments at valuation:-
Fixed asset investments
117,334
-
Current Assets
192,640
22,487
Current Liabilities
(3,129)
-
307,117
22,487		 2021
£
2,256
-
2,256
2021
£
324,495
1,017
325,512
Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-		 2020
£
2,244
885
3,129
2020
£
329,588
(5,093)
324,495
Total
Funds
£
31
109,728
215,512
(2,256)
323,015
Total
Funds
£
272
117,334
215,127
(3,129)
329,604

20

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Notes to the Accounts for the year ended 31 December 2021

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Gobaith Cymru
Medal Gee
Total unrestricted and designated funds
Total charity funds		 £
307,117
15,291
7,196
329,604
329,604
Funds brought
forward from
2020		 See Note 17
£
(3,869)
(2,000)
(720)
(6,589)
(6,589)
Movement in
funds in 2021		 £
-
-
-
-
-
Transfers
between funds
in 2021		 £
303,248
13,291
6,476
323,015
323,015
Funds carried
forward to
2022

17 Analysis of movements in funds over the year as shown in Note 16

Unrestricted and designated funds:- Other
Income
Expenditure
Gains &
Movement
Losses
in funds
2021
2021
2021
2021
£
£
£
£
Unrestricted Revenue Funds 108,041
(104,304)
(7,606)
(3,869)
Gobaith Cymru -
(2,000)
-
(2,000)
Medal Gee -
(720)
-
(720)

Restricted funds:-

108,041 (107,024) (7,606) (6,589)

18 The purposes for which the funds as detailed in note 16 are held by the charity are:-

Unrestricted and designated funds:-

Cyngor Ysgolion Sul represents the accumulated fund which the Trustees are free to use in accordance with the charitable objects. The Designated Funds comprise the following funds:

Gobaith Cymru - is involved with providing books, promotions etc, for the furtherance of religion.

Medal Gee - Medals are issued for long serving Sunday School Teachers and Leaders in recognition of their service.

21

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

19 Donations and Legacies
Current year
Current year
Unrestricted
Funds
Restricted Funds
2021
2021
£
£
Donations and gifts from individuals
2,783
-
2,783
-
Revenue grants from government and public bodies
17,000
-
17,000
-
Revenue grants and donations from national and non public bodies
6,752
-
6,752
-
56,000
-
Total Donations and Legacies
A1
82,535
-
20 Income from other, non charitable, trading activities
2021
2021
Current year
Current year
Unrestricted
Funds
Restricted Funds
2021
2021
£
£
23,167
-
Total from other activities
A3
23,167
-
Legacies and gifts received
Total donations and gifts from individuals
Total private sector revenue grants
Cyngor Llyfrau
Sale of bought in goods
Membership subscriptions as donations
Gwynedd Council COVID-19 grants
Total public sector revenue grants		 Current year
Total Funds
2021
£
2,783
2,783
17,000
17,000
6,752
6,752
56,000
82,535
2021
Current year
Total Funds
2021
£
23,167
23,167		 Prior Year
Total Funds
2020
£
2,475
2,475
14,500
14,500
23,308
23,308
44,000
84,283
2020
Prior Year
Total Funds
2020
£
13,917
13,917

22

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

21 Investment income

Dividend Income
Bank Interest Receivable
Total investment income
A4		 Current year
Unrestricted
Funds
2021
£
2,322
17
2,339		 Current year
Restricted Funds
2021
£
-
-
-		 Current year
Total Funds
2021
£
2,322
17
2,339		 Prior Year
Total Funds
2020
£
2,915
369
3,284

22 Expenditure on charitable activities - Direct spending

Total direct spending
B2a
Defined contribution pension costs
Book publishing costs
Gross wages and salaries
Employers' NI
Travel and Subsistence		 Current year
Unrestricted
Funds
2021
£
50,380
4,136
3,159
1,774
33,023
92,472		 Current year
Restricted Funds
2021
£
-
-
-
-
-
-		 Current year
Total Funds
2021
£
50,380
4,136
3,159
1,774
33,023
92,472		 Prior Year
Total Funds
2020
£
50,194
4,147
3,159
1,929
32,215
91,644

23 Support costs for charitable activities

Premises Expenses
Administrative overheads
Financial costs
Support costs before reallocation
Total support costs
Rent payable
Property insurance
Stationery and printing
Postage
Light heat and power
Telephone, fax and internet
Depreciation & Amortisation in total for
General administration costs
Information technology
Equipment expenses
Advertising and marketing		 Current year
Unrestricted
Funds
2021
£
6,700
934
1,306
875
626
804
-
-
180
630
241
12,296
12,296		 Current year
Restricted Funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2021
£
6,700
934
1,306
875
626
804
-
-
180
630
241
12,296
12,296		 Prior Year
Total Funds
2020
£
6,700
1,055
1,154
928
218
639
198
446
-
562
789
12,689
12,689

23

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015

24 Other Expenditure - Governance costs

Independent Examiner's fees
Total Governance costs
25 Total Charitable expenditure
Total direct spending
B2a
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2021
£
2,256
2,256
Current year
Unrestricted
Funds
2021
£
92,472
12,296
2,256
107,024		 Current year
Restricted Funds
2021
£
-
-
Current year
Restricted Funds
2021
£
-
-
-
-		 Current year
Total Funds
2021
£
2,256
2,256
Current year
Total Funds
2021
£
92,472
12,296
2,256
107,024		 Prior Year
Total Funds
2020
£
2,244
2,244
Prior Year
Total Funds
2020
£
91,644
12,689
2,244
106,577

24

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Activity analysis of Income and expenditure for the for the year ended 31 December 2021

This analysis is classsified by activity and not by conventional nominal descriptions.

26 Analysis of income by activity
SOFA ref
Book sales
Summary of Total Income, including the items above
Other activities
A3
Donations & Legacies
A1
Investment income
A4
Total income as shown in the SOFA
A
Categories of income
Income from exchange transactions
27 Analysis of charitable expenditure by activity
Direct costs
2021
£
Other activities
Direct costs
93,415
Premises expenses
-
Administrative overheads
-
Financial costs
-
93,415
Direct costs
2021
£
Total Other activities
93,415
-
93,415
Activity
Activity
Total Governance costs as detailed in Note
24
Summary of charitable costs by activity
Total charitable expenditure
Income from other, non charitable, trading activities
Total Other activities		 Support
costs
2021
£
-
8,940
3,115
241
12,296
Support
costs
2021
£
12,296
2,256
14,552		 Grant
funding of
activities
2021
£
-
-
-
-
-
Grant
funding of
activities
2021
£
-
-
-		 2021
£
23,167
23,167
82,535
2,339
108,041
108,041
Total
2021
£
93,415
8,940
3,115
241
105,711
Total
2021
£
105,711
2,256
107,024		 2020
£
13,917
13,917
84,283
3,284
101,484
101,484
Total
2020
£
91,644
8,909
2,991
789
104,333
Total
2020
£
104,333
2,244
106,577

25

Cyngor Ysgolion Sul Ac Addysg Gristnogol Cymru

Activity analysis of Income and expenditure for the for the year ended 31 December 2021

Analysis of support and governance costs by charitable activities

Governance Finance Human Other Total
Activity Resources Overheads
Other activities 2,256 241 - 12,055 14,552
28 Analysis of non charitable expenditure by activity
Activity
Governance costs
Other Expenditure - Governance costs as detailed in Note 24
29 Carrying value of stock analysed between activities
Other activities		 Governance
costs
2021
£
2,256
2021
£
25,519		 Governance
costs
2020
£
2,244
2020
£
23,109

26