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2022-03-31-accounts

Page
Chairman's statement
Trustees' report 2-12
Statement oftrustees' responsibilities 13
Independent
auditor's
report 14-16
Statement offinancial activities 17
Balance sheet 18
Statement ofcash flows
Notes to the financial statements 20-45

31 March 2022 31 March 2021
Brewin Dolphin (Investment Portfolio 1) 1,477,140 1,399,485
Brewin Dolphin tlnvestment Portfolio 2) 1,139,056 1,100,314
CCLA (Ethical Investment Fund) 950,789 852,308

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes 8 8 8 8 8
Donations
and
legacies 298,620 83,732 382,352 527,095 84,690 811,785
Charitable
activities
17,295,279 369,806 17,665,085 14,447,796 1,854,681 16,302,477
Other trading
activities
(1,329) (1,329)
Investments 53,148 53,148 54,873 54,873
Other income 363,631 363,631
Total income 18,010,678 453,538 18,464,216 15,028,435 1,939,371 16,987,806
Raising funds 8 314,464 314,464 148,005 148,005
Charitable
activities
9 18,495,366 731,202 19,226,568 15,259,878 1,828,538 17,088,416
Total expenditure 18,809,830 731,202 19,541,032 15,407,883 1,828,538 17,236,421
Net gains/(losses) on
investments 13 172,134 172,134 557,654 557,654
Net movement in funds (627,018) (277,664) (904,682) 178,206 110,833 289,039
Fund balances at 1 April 2021 9,492,734 1,440,185 10,932,919 9,314,528 1,329,352 10,643,880
Fund balances at 31March
2022 8,865,718 1,162,521 10,028,237 9,492,734 1,440,185 10,932,919

2022 2021
Notes 6 6
Fixed assets
Tangible assets 15 4,109,555 4,404,300
Investments 16 3,566,985 3,362,107
7,676,540 7,766,407
Current assets
Debtors 18 2,199,283 2,356,735
Cash at bank and in hand 1,471,769 2,081,232
3,671,052 4,437,967
Creditors: amounts falling due within
one year (1,319,355) (1,271,455)
Net current assets 2,351,697 3,166,512
Total assets less current liabilities 10,028,237 10,932,919
Income funds
Restricted
funds
22 1,162,521 1,440,185
tints air)gtattfugde
Designated
funds
23 3,996,311 4,563,478
General unrestricted funds 4,869,405 4,929,256
8,865,716 9,492,734
10,028,237 10,932,919

2022 2021
Notes 6 6
Cash flows from operating activities
Cash (absorbed
by)/generated
from 27
operations (1,075,728) 763,281
Investing activities
Purchase oftangible fixed assets (230,093) (270,000)
Proceeds on disposal oftangible
fixed
assets 675,954
Purchase of investments (598,961) (756,104)
Proceeds on disposal of investments 566,217 724,463
Investment income received 53,148 54,873
Net cash generated
from/(used
in)
investing activities 466,265 (246,768)
Net cash used in financing activities
Net (decrease)/increase
in
cash and cash
equivalents (609,463) 516,513
Cash and cash equivalents
at beginning
ofyear 2,081,232 1,564,719
Cash and cash equivalents at end of year 1,471,769 2,081,232

2022 2021
6 8
Rent and service charges 3,509,399 4,280,763
Contribution towards staff and training costs 6,929 11,941
Other income 16,439 3,586
Welsh Government/Local Authorities 12,035,042 9,611,160
Swansea Bed &Breakfast 682,926
TFF 153,082
Grants 1,197,404 2,395,027
THG 63,864
17,665,085 16,302,477
Analysis
by fund
Unrestricted funds 17,295,279 14,447,796
Restricted funds 369,806 1,854,681
17,665,085 16,302,477
For the year ended 31 INarch 2021
Unrestricted funds 14,447,796
Restricted funds 1,854,681
16,302,477
Performance related grants
WG Section 180Grants 713,838 770,283
SPPG/SPRD - Residential 6,101,724 4,871,223
SPPG/SPRD - Floating Support 5,219,480 3,969,656
12,035,042 9,611,160
Other trading activities
Total Unrestricted
funds
2022 2021
6 5
Hire fees (1,329)

Unrestricted Unrestricted
funds funds
2022 2021
6
Income from listed investments 49,719 46,374
Interest receivable 3,429 8,499
53,148 54,873
7 Other income
Unrestricted Total
funds
2022 2021
f
Net gain on disposal oftangible fixed assets 363,631
8 Raising funds
Unrestricted Total
funds
2022 2021
6 6
Fundraisin and ublici
Other costs 91,718
Communication costs 1,314 1,403
Motor and travel costs 1,062 169
Administration 6,494 929
Project staff training 11,363 1,858
ITsupport 4,348 3,625
Staff costs 198,083 139,859
Recruitment costs 82 162
314,464 148,005

Support and Support
accommodation and
accolllmed
ation
2022f 2021
E
Staff costs 10,824,769 10,229,328
Depreciation
and impairment
212,515 810,594
Property costs 3,253,949 2,296,530
Communication cosh 184,649 193,788
Insurances 87,306 75,040
Household
costs
181,889 158,374
Motor and travel costs 194,384 107,612
Administration 53,160 61,900
Project staff training 70,313 62,119
ITsupport 327,705 234,540
Swansea Bed and Breakfast Project 680,388
Other expenses 516,118 616,326
Recruitment
costs
30,865 16,509
Void/bad
debts
636,192 708,409
Transitional
funding costs
217,891 199,799
17,472,093 15,770,868
Share of support costs (see note 10) 1,738,958 1,306,490
Share ofgovernance costs isee note 10) 15,517 11,058
19,226,568 17,088,416
Analysis
by fund
Unrestricted
funds
18,495,366 15,259,878
Restricted funds 731,202 1,828,538
19,226,568 17,088,416
Forthe year ended 31 March 2021
Unrestricted
funds
15,259,878
Restricted funds 1,828,538
17,088,416
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The average
m onthly
number ofemployees
during the
year was:
2022 2021
Number Number
Direct charitable expenditure 401 394
Administration 33 32
434 426
Employment costs 2022 2021
8 6
Wages and salaries 11,046,770 10,403,705
Social security costs 922,556 691,526
Other pension costs 224,680 133,823
12,194,006 11,229,054
The number ofemploye
were:
es
whose ann
ual
remuneration
w
as 56 0,000 or more
2022 2021
Number Number
660,000-269,999 1
F80,000 - F89,999 1
The number of higher paid employees to whom retirement benefits were
accruing is as follows:
2022 2021
Number Number
860,000-869,999 1
F80,000 - 689,999 1
The employer's
pension
contributions for higher paid employees were as
follows:
2022 2021
F60,000-F69,999 7,409
280,000 - F89,999 10,227 1,316

Unrestricted Unrestricted
funds funds
2022 2021
8
Revaluation ofinvestments 172,134 557,654

2022 2021
6 8
In respect of:
Property, plant and equipment 86,448 656,430
15 Tangible fixed assets Tangible fixed assets
Freehold land Fixtures and Motor vehicles Total
and headings fittings
8 8
Cost
At 1 April 2021 6,810,150 777,641 209,516 7,797,307
Additions 180,000 50,093 230,093
Disposals (347,573) (347,573)
At 31 March 2022 6,642,577 777,641 259,609 7,679,827
Depreciation and impairment
At 1 April 2021 2,460,327 776,870 155,810 3,393,007
Depreciation charged in the year 108,857 771 16,439 126,067
Impairment
losses
86,448 86,448
Eliminated
in
respect ofdisposals (35,250) (35,250)
At 31 March 2022 2,620,382 777,641 172,249 3,570,272
Carrying
amount
At 31 March 2022 4,022,195 87,360 4,109,555
At 31 March 2021 4,349,823 771 53,706 4,404,300

16 Fixed asset investments (Continued)
Listed Cash in Total
investments portfolio
Cost or valuation
At 1 April 2021 3,289,533 72,574 3,362,107
Additions 598,961 598,961
Valuation
changes
172,134 172,134
Movement
in dealing
account 29,523 29,523
Disposals (595,740) (595,740)
At 31 March 2022 3,464,888 102,097 3,566,985
Carrying
amount
At 31 March 2022 3,464,888 102,097 3,566,985
At 31 March 2021 3,289,533 72,574 3,362,107
Pooled investments at fair value comprised:
2022 2021
Fixed interest 6 8
United
Kingdom
241,554 661,110
Overseas 394,226 62,534
Equities
United
Kingdom
457,691 804,476
Overseas 1,726,837 1,010,856
Properly/other
assets
542,082 663,024
Fixed deposits ~8753
323%5%
17 Financial
instruments
2022 2021
5 8
Carrying
amount of
financial assets
Instruments
measured
at fair value through profit or loss 3,464,888 3,289,533
18 Debtors
2022 2021
Amounts
falling due
within one year: 6 8
Trade debtors 519,708 648,763
Other debtors 1,480,278 1,521,643
Prepayments
and accrued income
199,297 186,329
2,199,283 2,356,735

Creditors: amou nts
falling due within one year
2022 2021
Notes 8 8
Other taxation and social security 142,633 180,542
Deferred income 20 102,442 209,767
Trade creditors 439,365 174,024
Other creditors 634,915 707,122
1,319,355 1,271,455
Deferred income
2022 2021f
Balance brought forward 209,767 252,772
Income received in the year 11,213,879 8,797,874
Released to income (11,321,204) (8,840,879)
102,442 209,767

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