FFORESTFACH WELFARE TRUST UNAUDITED FINANCIAL STATEMENTS ST YEAR ENDED 31 DECEMBER 2022 Registered Charity Number- 700825 ROGERS & CO Chartered Certified Accountants Killay Precinct 414 Gower Road Killay Swansea SA2 7AJ
FFORESTFACH WELFARE TRUST INDEX Contents Pa eNo. Officers and Other Inforniation Accountants Report to the Trustees Statement of Financial Activities Balance Sheet Notes to the Financial Statements
FFORESTFACH WELFARE TRUST Officers and Other Information Chairman Councillor C A Holley Esq 446 Middle Road Gendros Swansea SA5 8EH Vice Chairman (passed away 213122) No replacement Mr B Ashford 5 Bryn Road Ffor¢sifach Swansea SA5 8HT Secretary R Holley Miss 446 Middle Road Gendros Swansea SA5 8EH Treasurer R Holley Miss 446 Middl¢ Road Gendros Swansea SA5 8EH Reporting Accountants Rogers & Co. Killay Precinct 414 Gow¢r Road Swansea SA2 7AJ Bankers Barclays Bank plc 872 Carn]arthen Road Fforestfach Swansea SA2 OFN
FFORESTFACH WELFARE TRUST ACCOUIYTANTS REPORT TO THE TRUSTEES Year Ended 31" December 2022 A5 described on the balance sheet you are responsible for the preparatiop. ot. rhc accounts for the year ended 31" December 2022. set out under pages 3 to 6. Yi)Ii consider that the charity is exempt from an audit under the Charities Sl)IP (FRS102) and the Charities A¢t 2011. In accordance with your instructions we have compiled ihese unaudited accounis iii order to assisl YOU to fulfil your statutory responsibililies, from the accounting records and infornlation and explanalions supplied to us. ROGERS & CO HARTERED CERI'ITrIED ACCOUNTANTS Killay Precinet 414 Gower Road Killay Swansea SA2 7AJ
FFORESTFACH WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31. DECEMBER 2022 2022 2021 TRUST INCOME Rent of Welfare Hall Tenant contributions towards gas Tenant contribution towards insurance Tenanl conlribulion toward5 waier rates Leiiing of Driveway Llwyn Deri Hall - Rent 6480 1194 1200 6440 3150 3312 Inierest'.- -Santander Bond -scottish Widows Bank 133 32 TOTAL GROSS INCOME 12158 10985 ADMINISTIL4TION EXPENSES Property Reserve release 15540 27698 15540 Honordrium - Secretary - Treasurer Rates & Water Heating and Lighting Insurances Repairs, renewals and maintenance P05tage and Stationary, telephone Accountancy fees General expenses Depreciation Legal Professional Fees 1000 1000 239 10252 3479 205 1765 3035 1212 600 768 16107 16107 31677 241 DONATIONS TO CLUBSIASSOCIATIONS 500 TOTAL GROSS EXPENDITURE 31677 24602 DEFICIT OF INCOME FOR THE YEAR The noles on pages five and six fomi an integral part of these financial statements
FFORESTFACH WELFARE TRUST BALANCE SHEET AS A T 31ST DECEMBER 2022 Note 2022 2021 FIXED ASSETS 717339 CURRENT ASSETS Debtor Prepaid Expenses Santander Bond Balances ai Bank:_ Scottish Widows Bank Community Account (Current) Cash In Hand 3331 33348 33480 1061 11809 30 46380 1060 5583 30 43352 LESS: CURRENT LIABILITIES Sundry Creditors ET CURRENT ASSETS 38756 REPRESENTED BY: SURPLUS ACCOUNT As at I. January 2022 60774 LosslProfit for year As ai 31, December 2022 Property Reserve Account 3979 56795 699300 Approved By The Trustees on Signed.......... Signed.............. Trustee - Trustee The notes on pages five and six forni an integral part of these financial ststements
FFORESTFACH WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Basis of Preparation Ba$1$ of Accounting These financial 51atements have been prepared under the accruals basis of accounting and include income and expenditure as they are earned or incurred, rather than as cash received or paid, and are prepared in accordance with the Charities SORP (FRS102) and the Charities Act 2011. 2. Accounting Policies (a) Depreciation of Fixed Assets Depreciation is provided al rates required to write off the assets over their expecled useful liv¥.%. The annual depreciation rates used for the various classes uf asset are as follows: Premises Property Improvement Straight Line Straight Line (b) Fixed Assets Fixed A55ets are included in the accounts based on their net book value taken over by the Tru%1 1)n I, Augusl 1991. No valuation of fixed assets has taken place since the transfer in August 1991. The Community Hall and ils Fixtures & Fittings were demolished in Augusl 2017, in order t() make way for a new building, Llwyn Deri Hall. Title lo that building has now been transferr¢<i from the chariiy, The Roots Foundation Wales. The Land on which it ha5 been built remains in thL' ownership of Fforestfach Welfare Trust. Fixed Assets WelfAre H*ll WeifAre Hall Improvement$ Llwyn Derl H#ll 'lotNI Vglue at ill August 1991 & Book Cost since At l January 2022 Additions At 31 December 2022 11341 24147 777000 8174%% 24147 77700 8}?488 D¢preciation At l January 2022 Charge for year At 31 December 2022 6888 226 7114 9994 341 335 62160 15540 77700 79',)4.: 161',17 14(} N¢t Book Value At 31 December 2022 Ai 31 December 2021 &Q23QQ £YI 71 j() £LLIW L7.13446
FFORESTFACH WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 DECEIIIBER 2022 Creditors Accountancy Fees-2021 +2022 1200 Insurance 147 Secretary's Honorarium 250 Light & Heat 5952 Water 75 Welfare Hall- Lease Budokan Karate have occupied the building from March 2015. In recognition of the ' improvement work undertaken by the tenant, it was agreed that rent would become payable from April 2015 at a reduced rate of £500.00 per month, £6,000 per calendar v- As of l March 2019, this rent has increased to £540.00 per month, £6,480 per calendar year for an agreed term of 3 years. Llwytt Deri Hall The hall was built by virtue of the TV Programme, DIY SOS on behalf of the Charity, i'he Roots Foundation Wales. That Charity has decided to transfer the ownership of the ouildirto to Fforestfach Welfare Trust, even though the Charity itself has not ceased. Fforestfach Welfare Trust continue to insure the building and receive rental income from The Root% Foundation Wales of £3000 per annum. Due to the wishes of the Roots Foundation W"ale.A to transfer the ownership of Llwyn Deri Hall to Ffore5tfach Welfare Trust, an indepen,Jei)t valuation of the property was carried out, the resulting value was used for the introducEÉor, of the asset in to the accounts. Pro Reserve Account This has been created by virtue of the introduction of Llwyn Deri Hall at the valuaiiot) established by independent valuation. Releases are made from this account to match itrie i. depreciation charge for that specific asset on an annual basis.