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2023-03-31-accounts

Page
Treasurer's statement
Trustees' report 2-15
Statement oftrustees' responsibilities
Independent auditor's report 17-19
Statement offinancial activities 20
Balance sheet 21
Statement ofcash flows
Notes to the financial statements 23-48

31st March 2023 31stMarch 2022
Total readily rea!isable reserves 3,666,132 4,556,998

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes E E E
Donations
and
legacies 321,900 321,900 298,620 83,732 382,352
Charitable
activities		 16,484,666 1,395,923 17,880,589 17,295,279 369,806 17,665,085
Investments 67,849 67,849 53,148 53,148
Other income 629,416 629,416 363,631 363,631
Total Income 17,503,831 1,395,923 18,899,754 18,010,678 453,538 18,464,216
Raising funds 252,842 252,842 314,464 314,464
Charitable
activities		 8 18,696,411 1,324,527 20,020,938 18,495,366 731,202 19,226,568
Total expenditure 18,949,253 1,324,527 20,273,780 18,809,830 731,202 19,541,032
Net gains/(losses) on
investments 12 (201,020) (201,020) 172,134 172,134
Net (outgoing)/incoming
resources before
transfers (1,646,442) 71,396 (1,575,046) (627,018) (277,664) (904,682)
Gross transfers
between
funds		 12,163 (12,163)
Net movement in funds (1,634,279) 59,233 (1,575,046) (627,018) (277,664) (904,682)
Fund balances at 1 April
2022 8,865,716 1,162,521 10,028,237 9,492,734 1,440,185 10,932,919
Fund balances at 31
March 2023 7,231,437 1,221,754 8,453,191 8,865,716 1,162,521 10,028,237

2023
Notes
Cash flows from operating activities
Cash absorbed
by operations		 27 (796,969) (1,075,728)
Investing activities
Purchase ofintangible
assets		 (202,927)
Purchase oftangible fixed assets (338,288) (230,093)
Proceeds on disposal oftangible fixed
assets 2,043,S99 675,954
Purchase of investments (364,289) (598,961)
Proceeds on disposal of investments 321,350 566,217
Investment income received 67,849 53,148
Net cash generated
from Investing
activities 1,527,734 466,265
Net cash used In financing activities
Net Increase/(decrease)
in		 cash and cash
equivalents 730,765 (609,463)
Cash and cash equivalents at beginning ofyear 1,471,769 2,081,232
Cash and cash equivalents at end ofyear 2,202,534 1,471,769

3 Donations and legacies
Unrestricted Total Unrestricted Restricted Total
funds funds funds
2023 2023 2022
K E
Donations and gifts 321,900 321,900 298,820 83,732 382,352

2023 2022
R
Rent and service charges 3,792,676 3,509,3S9
Contribution towards staff and training costs 595 6,929
Other income 19,031 16,439
Welsh Government/Local Authorities 12,389,111 12,035,042
Swansea Bed &Breakfast 4,245 682,926
TFF 227,157 153,082
Grants 1,447,774 1,197,404
THG 63,864
17,880,589 17,665,085
Analysis
by fund
Unrestricted funds 16,484,666 17,295,279
Restricted
funds		 1,395,923 369,806
17,880,589 17,665,085
Forthe year ended 31 March 2022
Unrestricted funds 17,295,279
Restricted
funds		 369,806
17,665,085
Performance related grants
WG Section 180Grants 262,889 713,838
SPPG/SPRD - Residential 6,042,755 6,101,724
SPPG/SPRD - Floating Support 6,083,487 5,219,480
12,389,111 12,035,042

Unrestricted Unrestricted
funds funds
2023 2022
R R
Income from listed investments 57,333 49,719
Interest receivable 10,516 3,429
67,849 53,148
6 Other income
Net gain on disposal oftangible fixed assets
7 Raising funds
Unrestricted Unrestri cted
funds funds
2023
K		 2022f
Net gain on disposal oftangible fixed assets 629,416 363,631
Raising funds
Unrestricted Total
funds
2023 2022
Other costs 14,367 91,718
Communication costs 1,314
Motor and travel costs 2,686 1,062
Administration 6,494
Project staff training 8,419 11,383
ITsupport 9,873 4,348
Staff costs 215,372 198,083
Recruitment costs 2,125 82
252,842 314,464

Staff costs
Depredation
end impairment
Property costs
Communication
costs
Insurances
Household
costs
Motor and travel costs
Administration
Project staff training
ITsupport
Swansea Bed and Breakfast ProJect
Other expenses
Recruitment
costs
Void/bad
debts
Transitional
funding costs
Professional Fees
Support and Support
accommodation and
accommod
ation
2023 2022
R K
12,040,854 10,824,769
129,873 212,515
2,403,782 3,253,949
288,432 184,649
57,688 87,306
465,429 181,889
212,351 194,384
34,860 53,160
349,257 70,313
330,062 327,705
680,388
818,457 516,118
115,541 30,865
305,580 636,192
165,009 217,891
276,865
17,993,840 17,472,093
2,009,398 1,738,958
17,700 15,517
20,020,938 19,226,568
18,896,411 18,495,386
1,324,527 731,202
20,020,938 19,226,568
18,495,366
731,202
19,226,568
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2023 2022
Number Number
Direct charitable expenditure 473 401
Administration 44 33
517
Employment costs 2023 2022
Wages and salaries 12,594,990 11,046,770
Social security costs 1,127,020 922,556
Other pension costs 254,543 224,680
13,976,553 12,194,006
were:
2023 2022
Nuinber Number
F60,000-F69,999 4 1
F80,000 —689,999 1 1
The number ofhigher paid einployees to whom retirement benefits were
accruing is as follows:
2023 2022
Number Number
f60,000-f69,999 1 1
880,000 - 889,999 1 1
The employer's
pension		 contributions for higher paid employees were as
follows:
2023 2022
F60,000-869,999 6,254 7,409
f80,000 -f89,999 10,974 10,227

2023 2022
R
In respect of.
Property, plant and equipment 86,448
15 Intangible fixed assets
Software
Cost
At 1 April 2022
Additions - internally developed 202,927
At 31 March 2023 202,927
Amortisatlon
and Impairment
At 1April 2022
Amortisation
charged forthe year		 3,729
At 31 March 2023 3,729
Canying amount
At31 March 2023 199,198
At 31 March 2022

Tangible fix ed asset s
Freehold land Fixtures and Computers Motor vehicles
and bulkllngs fittings
R
Cost
At 1 April 2022 6,642,571 777,647 259,609 7,679,827
Additions 232,925 72,163 33,180 338,268
Disposals (2,959,346) (2,959,346)
At 31 March 2023 3,916,150 777,647 72,163 292,789 5,058,749
Depreciation and impairment
At 1 April 2022 2,620,315 777,647 172,249 3,570,211
Depreciation charged in the year 88,458 9,955 27,731 126,144
Eliminated
in		 respect ofdisposals (1,544,763) (1,544,763)
At 31 March 2023 1,164,010 777,647 9,955 199,980 2,151,592
Carrying
amount
At 31 March 2023 2,752,140 62,208 92,809 2,907,157
At 31 March 2022 4,022,195 87,360 4,109,555

Fixed ass et investments
Listed Cash in Total
investments portfolio
E
Cost orvaluation
At 1 April 2022 3,464,888 102,097 3,566,985
Additions 364,269 364,269
Valuation changes (200,949) (200,949)
Movement in dealing account 622
Disposals (321,973) (321,973)
At 31 March 2023 3,306,235 102,719 3,408,954
Carrying amount
At 31 March 2023 3,306,235 102,719 3,408,954
At 31 March 2022 3,464,888 102,097 3,566,985

17 Fixed asset Investments Fixed asset Investments Fixed asset Investments (Continued)
Pooled Investments at fair value comprised:
2023 2022
Fixed Interest
United
Kingdom		 329,378 241,554
Overseas 395&678 394,228
Equltiies
United
Kingdom		 330m9 457,691
Overseas 1,755,830 1,828,534
Property/other
assets		 490,887 542,082
Fixed deposits ALII?R 19WBS
XSILI54 XSSJ55
18 Financial Instruments
2023
F.
Carrying
amount		 offinancial assets
Instruments
measured		 at fair value through profit or loss 3,306,235 3,464,888
19 Debtors
2023 2022
Amounts
falling		 due within one year. 8 R
Trade debtors 487,705 519,708
Other debtors 692,610 1,460,278
Prepayments
and		 accrued income 333,487 199,297
1,713,802 2,199,283
20 Creditors: amounts falling due within one year
2023 2022
Notes F. R
Other taxation and social security 246,466 142,833
Deferred income 21 374,714 102,442
Trade creditors 979,525 439,365
Other creditors 377,750 634,915
1,978,455 1,319,355

Deferred Incom e
2023f 2022
Balance brought forward 102,442
Income received in the year 13,846,288 11,423,646
Released to income (13,574,016) (11,321,204)
374,714 102,442

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Balance at Resources Impalnnent Balance at Resources Transfers Balance at
1April 2021
f		 expended
f		 f 1April 2022
f		 expended
f		 31
f		 INarch 2023
f
Moondance
Funding: Big
Grant 393,684 (393,684)
Repairs and
Maintenance
to properties
fund		 212,000 212,000 212,000
Research and
innovation
fund 125,000 125,000 125,000
Client and
Project needs 150,000 150,000 150,000
Property
aquisitionf
redevelop
nt fund		 me 500,000 500,000 (232,925) 267,075
Property fund 3,182,794 (87,035) (86,448) 3,009,311 (66,889) (1,044,953) 1,897,469
Cardiff
Shoreline 435,000 435,000
4,563,478 (480,719) {86,448) 3,996,311 (299,814) {609,953) 3,086,544

2023f 2022
K
Within one year 18,547 30,861
Between two and five years 32,877 32,170
51,424 63,031

27 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 2023 2022
R
Deficit forthe year (1,575,046) (904,682)
Adjustments
for:
investment
income		 recognised in statement offinancia activities (67,849) (53,148)
Gain on disposal of tangible
fixed assets		 (629,548) (363,631)
Fair value gains and losses on investments 201,020 (172,134)
Depreciation
and impairment
oftangible		 fixed assets 129,873 212,515
Movements
in working
capital:
Decrease
in debtors		 485,481 157,452
Increase
in creditors		 386,828 155,225
Increase/(decrease) in deferred income 272,272 (107,325)
Cash absorbed
by		 operations (796,969) (1,075,728)
The notes on pages 22to 48 form part ofthese financial statements.