2021-03-31-accounts

			Unrestricted	Unrestricted	Restricted	2021	2020
			Note	Funds	Funds	Total Funds	Total Funds
				2	2	2	2
Income and endowments		from:
Donations and legacies			3	2,973		2,973	418
Charitable activities			4	1,320,776	277,494	1,598,270	1,449,992
Investments			5	27,881		27,881	34,092
Totalincome and	endowments			1,351,630	277,494	1,629,124	1,484,502
Expenditure on:
Charitable activities			6	1,369,574	276,995	1,646,569	1,542,566
Total expenditure				1,369,574	276,995	1,646,569	1,542,566
Net gains/(losses)	oninvestments		13	3,512		3,512	(556)
Net income/(expenditure)			8	(14,432)	499	(13,933)	(58,620)
Transfers between	funds		18	34,332	(34,332)
Net movement in	funds			19,900	(33,833)	(13,933)	(58,620)
Reconciliation of	Funds
Total Funds brought forward			18,19	2,065,931	950,623	3,016,554	3,075,174
Total funds carried forward			10,19 &		916,790	3,002,621	3,016,554

						Notes	2021	2020
Turnover							577,274	631,887
Raw materials and change in stocks							(257,611)	(260,230)
Trading Profit							319,663	371,657
Other operating income							363,685	12,560
Other operating charges							(2255212)	(246,044)
Other staff costs							(465,440)	(411,221)
							(7,304)	(273,048)
Wage cost ofdisabled	Supported		Business employees			6	(504,680)	(464,704)
Grant income related to		disabled	Supported		Business
employees						4	304,996	288,719
Employment &Training		Programmes		staff costs		6	(158,658)	(123,170)
Employment 6Training		Programmes		income		4	351,816	501,827
Operating profit							(13,830)	(70,376)
Interest payable and similar charges							(635)	(2,195)
Interest receivable and		similar	income				27,280	33,499
Retained profit on ordinary activities						19	12,815	(39,072)
for the financial year

			Note	2021	2020
				2	2
Net cash provided by (used in) operating	activities		24	(3,028)	37,713
Cash flows from investing activities:
Interest income				27,881	34,092
Purchase oftangible fixed assets				(79,702)	(17,797)
Prior Year adjustment to fixed assets
Proceeds from the disposal offixed assets
Proceeds from investments				3,512	(556
Net cash provided by (used in) investing	activities			(48,309)	15,739
Cash flows from financing activities:
Net cash provided by (used in) financing	activities
Change in cash and cash equivalents in the	reporting	period		(51,337)	53,452
Cash and cash equivalents at the beginning	ofthe year			1,750,400	1,696,948
Total cash and cash equivalents at the end ofthe		year		1,699,063	1,750,400

3	Income	from	Donations	and Legacies
							Total	Total
					unrestricted	Restricted	funds	funds
					funds	funds	2021	2020
					2	2	2	2
Donations					2,973		2,973	418
					2,973		2,973	418
4	Income	from	Charitable	Activities

4 Income from Ch	aritable Activities
				2021	2020
Sales, contracts, grants and fundraising		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		8	2	2
Sales		577,274		577,274	631,887
Fundraising				0	0
Supported Business and	Placement Scheme
Access to Work TESG Grant		279,658		279,658	287,980
Merthyr Tydfil CBCSLAs		45,000		45,000	45,000
WG Economic Resilience	Grant	83,723		83,723	0
Coronavirus Job Retention	Scheme		276,995	276,995	0
WCVA Active Inclusion contract		198,050		198,050	281,323
Specialist Employment Support contract		10,093		10,093	13,395
Employment Support Programme Contract		124,011		124,011	162,849
		740,535	276,995	1,017,530	790,547
Other grant
Welsh Church Act Fund				0	14,998
DWP Access to Work Grant			499	499	0
DWP Access to Work Income		2,967		2,967	12,560
		2,967	499	3,466	27,558
Total		1,320,776	277,494	1,598,270	1,449,992

5	Inc	ome	from Investments
						Total	Total
				Unrestricted	Restr Icted	funds	funds
				funds	funds	2021	2020
				8	2	8	2
Interest	and	rental	income	27,881		27,881	34,092
				27,881		27,881	34,092

Manufacturing, contracts, g	rants and	fundraisin	g
	Fundraising	Supported	Employment	Blueprint	Governance	2021	2020
		Business	&Training	Project		Total	Total
		2	2	2	2	2	2
Costs directly allocated to activities
Staff Costs		504,680	414,226			918,906	806,608
Travel &Subsistence		3,000	696			3,696	7,094
Vehicle running costs		11,894	3,213			15,107	36,544
Materials		257,611				257,611	260,230
Manufactufing costs		128,218				128,218	130,264
Fundraising events							0
Donations and beneficiary costs
Administrative costs		6,407				6,407	12,750
Legal &Professional					8,665	8,665	5,575
Depreciatian		29,841	4,048	32,371		66,260	58,201
Prornation &Advertising		199				199	1,580
		941,850	422,183	32,371	8,665	1,405,069	1,316,646
Support costs allocated to activities
ioverhead apportionment)
Staff Costs		104,936	104,937			209,873	192,487
Premises		4,041	4,041			8,082	8,958
Administrative casts		10,132	10,131			20,283	19,051
Legal &Professional		1,641	1,641			3,282	3,224
		120,750	120,750			241,500	223,720
Total		1,062,600	542,933	32,371	Sy665	1y646)569	1 542566

									2021	2020
									E	E
Amounts	payable	in	relation	to	bank	and	finance	charges	635	2,195

				2021	2020
					P
Operating Depreciation		profit Is stated after (crediting)/charging: charge for the year on tangible owned fixed asset.'		66,260	58,201
Auditors'	remuneration			87590	5,550

uring the pe	riod was:
		2021	2020
		Number	Number
Byactivity
Production		39	38
Selling and	distribution	2	2
Administration		16	15
Placement	Scheme	9	8
		66	63
Staff costs	(for the above persons)	2
Wages and	salaries	1,029,833	908,037
Social security costs		59,808	64,173
Other pension costs (see note 17)		39,137	26,885
		1,128,778	999,095

10 Tangible fixed asset	s
	Freehold	Plant and	Motor	Fixtures	Total
	land and	machinery	vehicles	and fittings
	buildings
	8
Cost
At 1st April 2020	1,693,209	503,419	59,788	I27,421	2,383,837
Additions		54,387	25,315		79,702
Disposals		11,333			11,333
At 31stMarch 2021	1,693&209	546,473	85,103	127,421	2&452&206
Depreciation
At 1st April 2020	502,536	468,554	45,191	126,234	1,142,515
Charge for the year	33,864	21,163	10,583	650	66,260
Disposals		11,333			11,333
At 31stMarch 2021	536,400	478&384	55,774	126,884	1,197,442
Net book value
At 31stMarch 2021	1,156,809	68,089	29,329	537	1,254,764
At 31st March 2020	1,190,673	34,865	14,597	1,187	1,241,322

11 Stocks
		2021	2020
Raw materials	and consumables	80,267	56,275
Work in progress		6&047	2,535
Finished goods		2,521	8,730
		88,835	67,540
12 Debtors
		2021	2020
		2
Amounts falling due within one year:
Trade debtors		91,818	96,895
Other debtors			0
Prepayments	and accrued income	110&818	45,168
		202&636	142,063

13	Investments
						2021	2020
						2
Charities Official Investment				Fund (historical cost R1,144)		20r508	16,995
Fixed	Rate Deposits					1,248,423	1,583,788
						1,268,931	1,600,763
14	Cash at Bank and	in	Hand
						2021	2020
						2
Cash	at bank and in hand					430&132	149,617
						430,132	149,617
15	Creditors: amounts		falling		due within one year
						2021	2020
						F.	P
Trade	creditors					99,515	105,215
Other	taxation and social		security costs			19,044	25,311
Other	creditors					10,645	10,775
Accruals and deferred		income				113,473	43,470
						2425677	184,771
16	Financial Instruments
						2021	2020
						2
Carrying amount offinancial					assets
Investments measured		at	fair value			1,2687931	1,600,783
Debt	instruments measured			at	amortised cost	521,950	246,512
						1,790,881	1,847,295
Carrying amount offinancial					liabilities
Measured at amortised		cost				110,160	115,990

Previous	year
				Transfers to
		At 1stApril	Receipts in	Profit and loss	At 31stMarch
		2019	year	in year	2020
				2	2
Other capital grants		31,568	14,998	(9,263)	37,303
Blueprint	project	939,059 970527	14,998	~25,739 ~35,002	973320 950,623

24 Reconciliation activities	ofnet	mo	vement	in funds to net cash	flow from operating
					2021	2020
					2
Net movement in funds					(13,933)	(58,620)
Add back depreciation	charge				66,260	58,201
Deduct profit on disposal offixed			assets
Deduct interest income	shown	in	investing	activities	(27,881)	(34,092)
Deduct gains/ add back losses		on investments			(3,512)	556
Decrease (increase) in	stock				(21,295)	362
Decrease (increase) in	debtors				(60,573)	49,091
Increase (decrease) in	creditors				57,906	22,215
Net cash provided by	operating		activities		(3,028)	37,713

25 Comparative Statemen	t of Fi	nancial Activities
				Total
		Unrestricted	Restricted	funds
		funds	funds	2020
				2
Income and endowments	from:
Donations and legacies		418		418
Charitable activities		1,434,994	14,998	1,449,992
Investments		34,092		347092
Total income and endowments		1,469,504	14,998	1,484,502
Expenditure on:
Charitable activities		1,542,566		1,542,566
Total expenditure		1,542,566		1,542,566
Net gains/(losses) on investments		(556)		(556
Net income/(expenditure)		(73,618)	14,998	(58,620)
Transfer between funds		35,002	(35,002)
Net movement in funds		(38,616)	(20,004)	(58,620)
Reconciliation of Funds
Total funds brought forward		2,104,547	970,627	3,075,174
Total funds carried forward		2,065,931	950,623	3r016,554