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|||||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|





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





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023|2023|2022|2022|2022|
|||Notes||E|E|E|||
|Donations<br>and|||||||||
|legacies|||321,900||321,900|298,620|83,732|382,352|
|Charitable<br>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<br>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<br>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|





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## 

## 

||||||2023||||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Cash flows from operating||activities|||||||
|Cash absorbed<br>by operations||||27||(796,969)||(1,075,728)|
|Investing|activities||||||||
|Purchase|ofintangible<br>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<br>from Investing||||||||
|activities||||||1,527,734||466,265|
|Net cash|used In financing|activities|||||||
|Net Increase/(decrease)<br>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|





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|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|





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## 

||||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<br>by fund|||||
|Unrestricted|funds||16,484,666|17,295,279|
|Restricted<br>funds|||1,395,923|369,806|
||||17,880,589|17,665,085|
|Forthe year|ended 31 March 2022||||
|Unrestricted|funds||17,295,279||
|Restricted<br>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<br>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<br>end impairment|
|Property costs|
|Communication<br>costs|
|Insurances|
|Household<br>costs|
|Motor and travel costs|
|Administration|
|Project staff training|
|ITsupport|
|Swansea Bed and Breakfast ProJect|
|Other expenses|
|Recruitment<br>costs|
|Void/bad<br>debts|
|Transitional<br>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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|---|---|---|---|---|---|---|---|---|---|---|---|
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## 

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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<br>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<br>and Impairment|||||
||At 1April|2022||||
||Amortisation<br>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<br>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<br>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<br>Kingdom||||329,378|241,554||
||Overseas||||395&678|394,228||
||Equltiies|||||||
||United<br>Kingdom||||330m9|457,691||
||Overseas||||1,755,830|1,828,534||
||Property/other<br>assets||||490,887|542,082||
||Fixed deposits||||ALII?R|19WBS||
||||||XSILI54|XSSJ55||
|18|Financial Instruments|||||||
|||||||2023||
|||||||F.||
||Carrying<br>amount|offinancial assets||||||
||Instruments<br>measured||at fair value through|profit or loss||3,306,235|3,464,888|
|19|Debtors|||||||
|||||||2023|2022|
||Amounts<br>falling|due|within one year.|||8|R|
||Trade debtors|||||487,705|519,708|
||Other debtors|||||692,610|1,460,278|
||Prepayments<br>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<br>f|expended<br>f|f|1April 2022<br>f|expended<br>f|31 <br>f|INarch 2023<br>f|
|Moondance|||||||||
|Funding:|Big||||||||
|Grant||393,684|(393,684)||||||
|Repairs and|||||||||
|Maintenance|||||||||
|to properties<br>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 <br>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<br>K|
|---|---|---|
|Within one year|18,547|30,861|
|Between two and five years|32,877|32,170|
||51,424|63,031|



## 

## 

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



## 

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