|
Company Limited by Guarantee
|
|
|
|
Company Limited by Guarantee
|
Financial Statements
|
Page
|
|
Trustees' annual report (incorporating the director's report)
|
1
|
Chartered accountant's report to the board of trustees on the preparation of the unaudited statutory financial statements
|
5
|
Statement of financial activities (including income and expenditure account)
|
6
|
Statement of financial position
|
7
|
Statement of cash flows
|
9
|
Notes to the financial statements
|
10
|
|
Company Limited by Guarantee
|
Trustees' Annual Report (Incorporating the Director's Report)
|
Registered charity name
|
|
Charity registration number
|
|
Company registration number
|
|
Principal office and registered
|
Cliff Terrace
|
office
|
Aberystwyth
|
Ceredigion
|
|
SY23 2DN
|
|
|
(Retired
|
|
|
||
|
||
|
||
|
||
|
||
|
||
|
||
Accountants
|
|
Chartered accountants
|
|
Ty Madog
|
|
32 Queens Road
|
|
Aberystwyth
|
|
Ceredigion
|
|
SY23 2HN
|
|
2021
|
||
£
|
||
Staff costs - manager's cost (Note 11 Support costs)
|
38,317
|
|
Staff costs (Note 13)
|
90,974
|
|
Staff costs included in 'Covid mitigation and PTP' expense
|
27,934
|
|
---------
|
||
Total
|
157,225
|
|
---------
|
||
|
|
Trustee
|
Trustee
|
|
Company Limited by Guarantee
|
Chartered Accountant's Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of
|
|
Company Limited by Guarantee
|
Statement of Financial Activities
|
(including income and expenditure account)
|
2021
|
2020
|
|||
Unrestricted funds
|
Restricted funds
|
Total funds
|
Total funds
|
|
Note
|
£
|
£
|
£
|
£
|
Donations and legacies
|
5
|
|
|
|
|
Other trading activities
|
6
|
|
–
|
|
|
Investment income
|
7
|
|
–
|
|
–
|
Other income
|
8
|
|
–
|
|
|
---------
|
--------
|
---------
|
---------
|
||
Total income
|
|
|
|
|
|
---------
|
--------
|
---------
|
---------
|
||
Expenditure on charitable activities
|
9,10
|
|
|
|
|
---------
|
--------
|
---------
|
---------
|
||
Total expenditure
|
|
|
|
|
|
---------
|
--------
|
---------
|
---------
|
||
---------
|
--------
|
---------
|
---------
|
|
Net income/(expenditure)
|
|
(
|
|
(
|
---------
|
--------
|
---------
|
---------
|
|
Transfers between funds
|
(1,506)
|
1,506
|
–
|
–
|
---------
|
--------
|
---------
|
---------
|
|
Net movement in funds
|
|
–
|
|
(
|
Total funds brought forward
|
|
–
|
|
|
---------
|
--------
|
---------
|
---------
|
|
Total funds carried forward
|
|
–
|
|
|
---------
|
--------
|
---------
|
---------
|
|
|
Company Limited by Guarantee
|
Statement of Financial Position
|
2021
|
2020
|
||
Note
|
£
|
£
|
£
|
Tangible fixed assets
|
15
|
|
|
|
Investments
|
16
|
|
|
|
---------
|
---------
|
|||
|
|
|||
Stocks
|
17
|
|
|
|
Debtors
|
18
|
|
|
|
Cash at bank and in hand
|
|
|
||
--------
|
--------
|
|||
|
|
|||
Creditors: amounts falling due within one year
|
20
|
|
|
|
--------
|
--------
|
|||
Net current liabilities
|
|
|
||
---------
|
---------
|
|||
Total assets less current liabilities
|
|
|
||
Creditors: amounts falling due after more than one year
|
21
|
(
|
(
|
|
---------
|
---------
|
|||
Net assets
|
|
|
||
---------
|
---------
|
|||
Unrestricted funds
|
|
|
||
---------
|
---------
|
|||
Total charity funds
|
25
|
|
|
|
---------
|
---------
|
|||
|
Company Limited by Guarantee
|
Statement of Financial Position (continued)
|
|
|
Trustee
|
Trustee
|
|
Company Limited by Guarantee
|
Statement of Cash Flows
|
2021
|
2020
|
|
Note
|
£
|
£
|
Net income/(expenditure)
|
50,806
|
(5,835)
|
Adjustments for:
|
||
Depreciation of tangible fixed assets
|
|
|
Government grant income
|
–
|
(25,000)
|
Other interest receivable and similar income
|
(
|
–
|
Interest payable and similar charges
|
|
|
Accrued expenses
|
|
–
|
Group Loan
|
(2,000)
|
18,000
|
Changes in:
|
||
Trade and other debtors
|
|
(
|
Trade and other creditors
|
(
|
|
--------
|
--------
|
|
Cash generated from operations
|
|
|
Interest paid
|
(
|
(
|
Interest received
|
|
–
|
--------
|
-------
|
|
Net cash from operating activities
|
|
|
--------
|
-------
|
|
Purchase of tangible assets
|
(
|
(
|
--------
|
--------
|
|
Net cash used in investing activities
|
(
|
(
|
--------
|
--------
|
|
Proceeds from borrowings
|
|
|
Government grant income
|
–
|
|
Payments of finance lease liabilities
|
–
|
(
|
--------
|
--------
|
|
Net cash from financing activities
|
|
|
--------
|
--------
|
|
Net increase in cash and cash equivalents
|
|
|
|
Cash and cash equivalents at beginning of year
|
14,309
|
9,728
|
|
--------
|
--------
|
||
Cash and cash equivalents at end of year
|
19
|
|
|
--------
|
--------
|
||
|
Company Limited by Guarantee
|
Notes to the Financial Statements
|
Long Leasehold Property
|
-
|
100 year lease
|
|
Fixtures & Fittings
|
-
|
|
|
Motor Vehicles
|
-
|
|
|
Unrestricted Funds
|
Restricted Funds
|
Total Funds 2021
|
||
£
|
£
|
£
|
||
Gift Aid
|
17,655
|
–
|
17,655
|
|
Amortisation of grant
|
770
|
–
|
770
|
|
Welsh Government Grant
|
–
|
59,040
|
59,040
|
|
Co-op Grant
|
25,000
|
–
|
25,000
|
|
--------
|
--------
|
---------
|
||
|
|
|
||
--------
|
--------
|
---------
|
||
Unrestricted Funds
|
Restricted Funds
|
Total Funds 2020
|
||
£
|
£
|
£
|
||
Gift Aid
|
14,318
|
–
|
14,318
|
|
Amortisation of grant
|
385
|
–
|
385
|
|
Welsh Government Grant
|
–
|
–
|
–
|
|
Co-op Grant
|
–
|
–
|
–
|
|
--------
|
----
|
--------
|
||
|
–
|
|
||
--------
|
----
|
--------
|
||
Unrestricted Funds
|
Total Funds 2021
|
Unrestricted Funds
|
Total Funds 2020
|
||
£
|
£
|
£
|
£
|
||
Ticket sales
|
|
|
|
|
|
---------
|
---------
|
---------
|
---------
|
||
Unrestricted Funds
|
Total Funds 2021
|
Unrestricted Funds
|
Total Funds 2020
|
||
£
|
£
|
£
|
£
|
||
Bank interest receivable type 1
|
|
|
–
|
–
|
|
----
|
----
|
----
|
----
|
||
Unrestricted Funds
|
Total Funds 2021
|
Unrestricted Funds
|
Total Funds 2020
|
||
£
|
£
|
£
|
£
|
||
Rent income
|
9,368
|
9,368
|
16,029
|
16,029
|
|
Ceredigion County Council - COVID Grant
|
55,000
|
55,000
|
–
|
–
|
|
Government COVID 19 Furlough relief
|
73,940
|
73,940
|
–
|
–
|
|
---------
|
---------
|
--------
|
--------
|
||
|
|
|
|
||
---------
|
---------
|
--------
|
--------
|
||
Unrestricted Funds
|
Restricted Funds
|
Total Funds 2021
|
||
£
|
£
|
£
|
||
Test123
|
148,858
|
60,546
|
209,404
|
|
Support costs
|
87,548
|
–
|
87,548
|
|
---------
|
--------
|
---------
|
||
|
|
|
||
---------
|
--------
|
---------
|
||
Unrestricted Funds
|
Restricted Funds
|
Total Funds 2020
|
||
£
|
£
|
£
|
||
Test123
|
200,273
|
–
|
200,273
|
|
Support costs
|
81,958
|
–
|
81,958
|
|
---------
|
----
|
---------
|
||
|
–
|
|
||
---------
|
----
|
---------
|
||
Activities undertaken directly
|
Support costs
|
Total funds 2021
|
Total fund 2020
|
||
£
|
£
|
£
|
£
|
||
Test123
|
209,404
|
42,054
|
251,458
|
236,605
|
|
Governance costs
|
–
|
45,494
|
45,494
|
45,626
|
|
---------
|
--------
|
---------
|
---------
|
||
|
|
|
|
||
---------
|
--------
|
---------
|
---------
|
||
Analysis of support costs
|
Total 2021
|
Total 2020
|
||
£
|
£
|
£
|
||
Staff costs
|
38,317
|
38,317
|
38,472
|
|
Premises
|
31,725
|
31,725
|
30,041
|
|
Communications and IT
|
7,805
|
7,805
|
1,983
|
|
General office
|
1,404
|
1,404
|
4,308
|
|
Finance costs
|
3,742
|
3,742
|
3,644
|
|
Governance costs
|
3,435
|
3,435
|
3,510
|
|
--------
|
--------
|
--------
|
||
86,428
|
86,428
|
81,958
|
||
--------
|
--------
|
--------
|
||
2021
|
2020
|
|
£
|
£
|
|
Depreciation of tangible fixed assets
|
14,963
|
8,652
|
--------
|
-------
|
|
2021
|
2020
|
|
£
|
£
|
|
Wages and salaries
|
|
|
Social security costs
|
|
|
Employer contributions to pension plans
|
7,183
|
3,020
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2021
|
2020
|
|
No.
|
No.
|
|
Number of full time staff
|
7
|
8
|
----
|
----
|
|
Land and buildings
|
Plant and machinery
|
Fixtures and fittings
|
Motor vehicles
|
Total
|
|
£
|
£
|
£
|
£
|
£
|
|
Cost
|
|||||
At 1 April 2020
|
|
–
|
|
|
|
Additions
|
|
|
–
|
–
|
|
---------
|
--------
|
---------
|
--------
|
---------
|
|
At 31 March 2021
|
|
|
|
|
|
---------
|
--------
|
---------
|
--------
|
---------
|
|
Depreciation
|
|||||
At 1 April 2020
|
|
–
|
|
|
|
Charge for the year
|
|
|
|
|
|
---------
|
--------
|
---------
|
--------
|
---------
|
|
At 31 March 2021
|
|
|
|
|
|
---------
|
--------
|
---------
|
--------
|
---------
|
|
Carrying amount
|
|||||
At 31 March 2021
|
|
|
|
|
|
---------
|
--------
|
---------
|
--------
|
---------
|
|
At 31 March 2020
|
|
–
|
|
|
|
---------
|
--------
|
---------
|
--------
|
---------
|
|
Loans to group companies
|
Shares in group undertakings
|
Total
|
|
£
|
£
|
£
|
|
Cost or valuation
|
|||
At 1 April 2020
|
396
|
2
|
398
|
Additions
|
–
|
–
|
–
|
Transfers
|
2,000
|
–
|
2,000
|
-------
|
----
|
-------
|
|
At 31 March 2021
|
2,396
|
2
|
2,398
|
-------
|
----
|
-------
|
|
Impairment
|
|||
At 1 April 2020 and 31 March 2021
|
–
|
–
|
–
|
-------
|
----
|
-------
|
|
Carrying amount
|
|||
At 31 March 2021
|
2,396
|
2
|
2,398
|
-------
|
----
|
-------
|
|
At 31 March 2020
|
396
|
2
|
398
|
-------
|
----
|
-------
|
|
Capital & reserves
|
Profit for the year
|
||
£
|
£
|
||
Constitution Hill Trading Ltd
|
13,691
|
12,316
|
|
2021
|
2020
|
|
£
|
£
|
|
Raw materials and consumables
|
|
|
-------
|
-------
|
|
2021
|
2020
|
|
£
|
£
|
|
Other debtors
|
|
|
-------
|
--------
|
|
2021 | 2020 | ||
£ | £ | ||
VAT repayable | 4,955 | 5,805 | |
Accrued income (Gift aid) | – | 9,000 | |
Deposit paid in advance | – | 8,441 | |
------- | -------- | ||
Total Debtors | 4,955 | 23,246 | |
------- | -------- | ||
2021
|
2020
|
|
£
|
£
|
|
Cash at bank and in hand
|
|
|
Bank overdrafts
|
(
|
(
|
--------
|
--------
|
|
|
|
|
--------
|
--------
|
|
2021
|
2020
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
Trade creditors
|
|
|
Accruals and deferred income
|
|
|
Social security and other taxes
|
|
|
--------
|
--------
|
|
|
|
|
--------
|
--------
|
|
2021 | 2020 | ||
£ | £ | ||
Nat West loan | 12,378 | 12,378 | |
Co-op Group loan | 7,500 | 7,500 | |
Nat West 'bounce-back' loan | 10,000 | – | |
Barclaycard | (1,771) | (683) | |
Nat West card | (1,482) | (1,299) | |
-------- | -------- | ||
Total | 33,131 | 21,860 | |
-------- | -------- | ||
2021
|
2020
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
Accruals and deferred income
|
|
|
Other creditors
|
|
|
--------
|
--------
|
|
|
|
|
--------
|
--------
|
|
2021 | 2020 | ||
£ | £ | ||
Nat West loan | (24,458) | (35,859) | |
Co-op Group loan | 19,875 | 22,500 | |
Nat West 'bounce-back'loan | 40,000 | - | |
-------- | -------- | ||
Total | (84,333) | (58,359) | |
-------- | -------- | ||
2021
|
2020
|
|
£
|
£
|
|
At 1 April 2020
|
34,112
|
9,882
|
Amount released to income
|
(25,770)
|
(770)
|
Amount deferred in year
|
–
|
25,000
|
--------
|
--------
|
|
At 31 March 2021
|
8,342
|
34,112
|
--------
|
--------
|
|
2021
|
2020
|
|
£
|
£
|
|
Deferred government grants due after more than one year
|
|
|
-------
|
-------
|
|
At 1 April 2020
|
Income
|
Expenditure
|
Transfers
|
At 31 March 2021
|
|
£
|
£
|
£
|
£
|
£
|
|
General funds
|
330,192
|
288,718
|
(236,406)
|
(1,506)
|
380,998
|
---------
|
---------
|
---------
|
-------
|
---------
|
|
At 1 April 2019
|
Income
|
Expenditure
|
Transfers
|
At 31 March 2020
|
|
£
|
£
|
£
|
£
|
£
|
|
General funds
|
336,027
|
276,396
|
(282,231)
|
–
|
330,192
|
---------
|
---------
|
---------
|
----
|
---------
|
|
At 1 April 2020
|
Income
|
Expenditure
|
Transfers
|
At 31 March 2021
|
|
£
|
£
|
£
|
£
|
£
|
|
Restricted Fund
|
–
|
59,040
|
(60,546)
|
1,506
|
–
|
----
|
--------
|
--------
|
-------
|
----
|
|
At 1 April 2019
|
Income
|
Expenditure
|
Transfers
|
At 31 March 2020
|
|
£
|
£
|
£
|
£
|
£
|
|
Restricted Fund
|
–
|
–
|
–
|
–
|
–
|
----
|
----
|
----
|
----
|
----
|
|
2021
|
||
£
|
||
Operating costs (including staff costs)
|
(27,934)
|
|
Health and safety
|
(31,106)
|
|
--------
|
||
Total Grant
|
(59,040)
|
|
--------
|
||
Unrestricted Funds
|
Total Funds 2021
|
||
£
|
£
|
||
Tangible fixed assets
|
502,652
|
502,652
|
|
Investments
|
2,398
|
2,398
|
|
Current assets
|
47,780
|
47,780
|
|
Creditors less than 1 year
|
(78,481)
|
(78,481)
|
|
Creditors greater than 1 year
|
(93,351)
|
(93,351)
|
|
---------
|
---------
|
||
Net assets
|
380,998
|
380,998
|
|
---------
|
---------
|
||
Unrestricted Funds
|
Total Funds 2020
|
||
£
|
£
|
||
Tangible fixed assets
|
425,636
|
425,636
|
|
Investments
|
398
|
398
|
|
Current assets
|
42,737
|
42,737
|
|
Creditors less than 1 year
|
(63,033)
|
(63,033)
|
|
Creditors greater than 1 year
|
(75,546)
|
(75,546)
|
|
---------
|
---------
|
||
Net assets
|
330,192
|
330,192
|
|
---------
|
---------
|
||
At 1 Apr 2020
|
Cash flows
|
At 31 Mar 2021
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
23,334
|
|
Bank overdrafts
|
(1,982)
|
(1,271)
|
(3,253)
|
Debt due within one year
|
(19,878)
|
(10,000)
|
(29,878)
|
Debt due after one year
|
(58,359)
|
(25,974)
|
(84,333)
|
--------
|
--------
|
--------
|
|
(
|
(
|
(
|
|
--------
|
--------
|
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