##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||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|