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||||Unrestricted|Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|
||||Note|Funds|Funds|Total Funds|Total Funds|
|||||2|2|2|2|
|Income and endowments||from:||||||
|Donations
and legacies|||3|38||38|2,973|
|Charitable
activities|||4|1,700,760|96,626|1,797,386|1,596,270|
|Investments|||5|20,251||20,251|27,881|
|Total Income snd|endowments|||1,721,049|96,626|1,817,675|1,629,124|
|Expenditure
on:||||||||
|Charitable
activities|||6|1,795,055|42,937|1,837,992|1,646,569|
|Total expenditure||||1,795,055|42,937|1,837,992|1,646,569|
|Net gains'(losses)|on investments||13|1,770||1,770|3,512|
|Net income/(expenditure)|||8|(72,236)|53,689|(18,547)|(13,933)|
|Transfers
between|funds||18|48,139|(48,139)|||
|Net movement ln|funds|||(24,097)|5,550|(18,547)|(13,933)|
|Reconciliation
of|Funds|||||||
|Total Funds brought forward|||18,19|2,085,831|916,790|3,002,621|3,016,554|
|Total funds carried forward|||18,18|2,061,7ar|922,340|2,984,074|3,002,621|
##
|||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|---|
|Turnover|||||||851,657|577,274|
|Raw materials
and change
in stocks|||||||(389,606)|(257,611)|
|Trading Profit|||||||462,051|319,663|
|Other operating
income|||||||73,856|363,685|
|Other operating
charges|||||||(243,202)|(225,212)|
|Other staff costs|||||||(523,318)|(465,440)|
||||||||(230,613)|(7,304)|
|Wage cost of disabled|Supported||Business employees|||6|(430,677)|(504,680)|
|Grant income related to||disabled|Supported||Business||||
|employees||||||4|276,426|324,658|
|Employment
&Training||Programmes||staff costs||6|(202,850)|(158,658)|
|Employment
8 Training||Programmes||income||4|541,758|332,154|
|Operating
profit|||||||(45,956)|(13,830)|
|Interest payable snd similar charges|||||||(201)|(635)|
|Interest receivable and||similar|income||||19,639|27,280|
|Retained
profit on ordinary activities||||||19|(26,518)|12,815|
|for the financial
year|||||||||
||||Note|2022|2021|
|---|---|---|---|---|---|
|||||2||
|Net cash provided
by (used in) operating|activities||24|(88,231)|(3,028)|
|Cash flows from investing
activities:||||||
|Interest income||||20,251|27,881|
|Purchase oftangible fixed assets||||(132,611)|(79,702)|
|Prior Year adjustment
to fixed assets||||||
|Proceeds from the disposal
offixed assets||||1,017||
|Proceeds from investments||||1,770|3,512|
|Net cash provided
by (used in) investing|activities|||(109,573)|(48,309)|
|Cash flows from financing
activities:||||||
|Net cash provided
by (used in) financing|activities|||||
|Change
in cash and cash equivalents
in the|reporting|period||(197,804)|(51,337)|
|Cash and cash equivalents
at the beginning|ofthe year|||1,699,063|1,750,400|
|Total cash and cash equivalents
at the end ofthe||year||1,501,259|1,699,063|
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|
e valued at cost. The depreciation
rates|and methods
us|
|---|---|
|Freehold
land and buildings|2%|
|Plant and machinery|20%|
|Motor vehicles|20%|
|Fixtures and fittings|20%|
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|3
Income from|Donations||and Legacies|||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||Unrestricted|Reetrioted|funds|funds|
|||||funds
2|ful1cle
2|2022f|2021
2|
|Donations||||33||33|2,973|
|||||33||33|2,973|
|4
Income from|Charitable||Activtties|||||
|||||||2022|2021|
|Sales, contracts, grants and||fundraising||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||2|2|2|2|
|Sales||||851,657||851,657|577,274|
|Fundralsing||||||0|0|
|Supported
Business and Placement Scheme||||||||
|Access to Work TESG|Grant|||233,089||233,089|279,658|
|Merthyr
Tydfil CBC SLAs||||45,000||45,000|45,000|
|WG Economic Resilience Grant||||9,303||9,303|83,723|
|Coronavirus
Job Retention Scheme|||||31,938|311938|276,995|
|WCVA Active Inclusion|contract|||236,700||236,700|198,050|
|RESTART contract||||177,017||177,017||
|JOBSENSE contract||||87,648||87,648||
|Specialist Employment|Support contract||||||10,093|
|Employment
Support Programme||Contract||38,730||38,730|124,011|
|||||827,487|31,938|859,425|1,017,530|
|Other grant||||||||
|Third Sector Resilience|Fund Capital||Grant||5,000|5,000||
|Third Sector Resilience|Fund Revenue Grant||||9,500|9,500||
|Social Business Growth|Fund Capital Grant||||40,389|40,389||
|VAMT Staff Welfare Revenue Grant|||||1,500|1,500||
|DWP Access to Work Grant|||||8,299|8,299|499|
|DWP Access to Work income||||21,616||21,616|2,967|
|||||21,616|64,688|86,304|3,466|
|Total||||1,700,760|96,626|1,797,386|1,598,270|
##
##
##
||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted||funds|funds|
||||||funds|||funds|2022|2021|
||||||||2|2|2|2|
|Interest and rental|income||||20,251||||20,251|27,881|
||||||20,251||||20,251|27,881|
|6
Expenditure
on Chatttable|||Activities||||||||
|Manufacturing,|contracts,|grants|and|fundraiaing|||||||
|||Fundraising||Supported|Employment|Blueprint||Governance|2022|2021|
|||||Business|&Training||Project||Total|Total|
|||||2|2||2|2|2||
|Costs directly agocated to activities|||||||||||
|Staff Costs||||430,677|502,219||||932,896|918,906|
|Travel &Subsistence||||400|907||||1,307|3,696|
|Vehicle running costs||||13,792|4,625||||18,417|15,107|
|Materials||||389,606|||||389,605|257,611|
|Manufacturing
costs||||136,567|||||136,567|128,218|
|Fundraising
events||||||||||0|
|Donations and beneficiary costs||||||||||0|
|Administrative
costs||||14,263|||||14,263|6,407|
|Legal &Professional||||||||6,000|6,000|8,665|
|Depreciation||||38rsot|8,419||32,371||79,281|66,260|
|Promotion
&Advertising||||64||||||199|
|||||1,023,860|516,170||32,371|6,000|1,578,401|1,405,069|
|Support costs agoeated to activities|||||||||||
|(Overhead
apportionment)|||||||||||
|Staff Costs||||111,975|111,974||||223,949|209,873|
|Premises||||5,276|5,275||||10,551|8,082|
|Administrative
costs||||11,018|11,017||||22,035|20,263|
|Legal &Professional||||1,528|1,528||||3,056|3,282|
|||||129,797|129,794||||259,591|241,500|
|Total||||1,153,657|645,964||32,371|6,000|1,837,992|1,646,569|
##
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##
|The average weekly number
of persons
(excluding
direct
uring the period was:|ors) employed
by the company||
|---|---|---|
||2022|2021|
||Number|Number|
|Byactivity|||
|Production|41|39|
|Selling and distribution|2|2|
|Administration|16|16|
|Placement Scheme|3|9|
||62|66|
|Staff costs (for the above persons)|2||
|Wages and salaries|1,032,030|1,029,833|
|Social security costs|75,357|59,808|
|Other pension costs (see note 17)|49,458|39,137|
||1,156,845|1,128,778|
|10
Tangible fixed assets||||||
|---|---|---|---|---|---|
||Freehold|Plant and|Motor|Fixtures|Total|
||land and|machinery|vehicles|and fittings||
||buildings|||||
|Cost||||||
|At 1st April 2021|1,693,209|546,473|85,103|127,421|2,452,206|
|Additions||115,073|6,500|11,038|132,611|
|Disposals|||22,217||22,217|
|At 31stMarch 2022|1,693,209|661,546|69,386|138,459|2,562,600|
|Depreciation||||||
|At 1st April 2021|536,400|478,384|55,776|126,882|1,197,442|
|Charge for the year
Disposals|33,864|35,006|9,203
22,217|1,208
-|79,281
22,217|
|At31st March 2022|570,264|513,390|42,762|128,090|1,254,506|
|Net book value||||||
|At 31stMarch 2022|1&122&945|148,156|26&624|10,369|1,308,094|
|At 31st March 2021|1,156,808|68,089|29,327|538|1,254,764|
##
|11
Stocks||||
|---|---|---|---|
|||2022|2021|
|||8||
|Raw materials|and consumables|120,814|80,267|
|Work in progress||2,274|6,047|
|Finished goods||5,739|2,521|
|||128,827|88,835|
|12
Debtors||||
|||2022|2021|
|||2||
|Amounts
falling due within one year:||||
|Trade debtors||170,148|91,818|
|Other debtors||1,952|0|
|Prepayments|and accrued income|138,499|110,818|
|||310,599|202,636|
##
##
##
##
|20
Analysis ofnet assets b|etween funds||||
|---|---|---|---|---|
||Restricted|Unrestricted|Funds||
||Fund||||
||Capital|Capital &|Profit|Total|
||Grant|Charitable|and loss||
||reserve|reserve|account||
||2||2|2|
|Tangible fixed assets|922,340|58,010|327,744|1,308,094|
|Stocks||67,187|61,640|'I28,827|
|Debtors||376,473|(65,874)|310,599|
|Investments||22,276|1,318,206|1,340,482|
|Cash at bank and in hand||125,252|35,526|160,778|
|Creditors||(169,847)|(94,859)|(264,706)|
|At 31st March 2022|922,340|479,351|1,582,383|2,984,074|
##
##
##
##
|24
Reconciliation
activities|of net|mo|vement|in funds to net cas|h flow from operating||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f|2|
|Net movement
in funds|||||(18,547)|(13,933)|
|Add back depreciation|charge||||79,281|66,260|
|Deduct profit on disposal offixed|||assets||(1,017)||
|Deduct interest income|shown|in|investing|activities|(20,251)|(27,861)|
|Deduct gains/ add back losses||on investments|||(1,770)|(3,512)|
|Decrease (increase)
in|stock||||(39,992)|(21,295)|
|Decrease (increase)
in|debtors||||(107,963)|(60,573)|
|Increase (decrease)
in|creditors||||22,028|57,906|
|Net cash provided
by|operating||activities||(88,231)|3,026|
##
|25
Comparative
Statemen|t of Fi|nancial Activities|||
|---|---|---|---|---|
|||||Total|
|||Unrestricted|Restricted|funds|
|||funds|funds|2021|
|Income and endowments|from:||||
|Donations
and legacies||2,973||2,973|
|Charitable
activities||1,583,272|14,998|1,598,270|
|Investments||27,881||27,881|
|Total income and endowments||1,614,126|14,998|1&629&124|
|Expenditure
on:|||||
|Charitable
activities||1,646,569||1,646,569|
|Total expenditure||1,646,569||1,646,569|
|Net gains/(losses)
on investments||3,512||3,512|
|Net income/(expenditure)||(28,931)|14,998|(13,933)|
|Transfer between
funds||35,002|(35,002)||
|Net movement
in funds||6,071|(20,004)|(13,933)|
|Reconciliation
of Funds|||||
|Total funds brought
forward||2,065,931|950,623|3,016,554|
|Total funds carried forward||2,072,002|930,619|3,002,621|