| Page No. | ||
|---|---|---|
| 1 —11 | Report ofthe Trustees | |
| 12-15 | Independent Auditor's |
Report |
| 16 | Statement ofFinancial | Activities |
| 17 | Balance Sheet | |
| 18 | Cash Flow Statement | |
| 19—31 | Notes to the Financial | Statements |
| FORTHE YEAR ENDED 31~ | MARC | H 2022 | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | 2022 | 2021 | |||
| f | |||||
| Income and endowments | |||||
| from: | |||||
| Donations and Legacies |
3 | 324,087 | 112,641 | 436,728 | 444,607 |
| Covid 19Support | 3 | 92,625 | 108,015 | 200,640 | 791,844 |
| Capital Funds | 3 | 42,011 | 95,000 | 137,011 | |
| Charitable Activities |
4 | 442,666 | 442,666 | 375,571 | |
| Retail and Other Trading Activities | 5 | 411@03 | 411/03 | 125,994 | |
| Investment Income |
6 | 1,719 | 1,719 | 7,455 | |
| Other Income | 1,071 | 1,071 | 721 | ||
| Total Income | 1415,482 | 315,656 | 1,631,138 | 1,746,191 | |
| Expenditure on: | |||||
| Raising Funds |
|||||
| Retail | 272,525 | 7,618 | 280,143 | 273,680 | |
| Other fundraising |
146755 | 67 798 | 214553 | 165048 | |
| 419,280 | 75,416 | 494,696 | 438,728 | ||
| Charitable Activities— | |||||
| Therapy Provision | 790,171 | 235,398 | 1,025/69 | 767,405 | |
| Administration and Other Costs |
211,800 | 3,408 | 215/08 | 177,577 | |
| Total Expenditure | 1,421/51 | 314/22 | 1,735,473 | 1,383,710 | |
| Net Income/(Expenditure) | (105,769) | 1,434 | (104/35) | 362,841 | |
| Transfers Between Funds | |||||
| Net movement in funds |
(105,769) | 1,434 | (104/35) | 362,841 | |
| Total Funds at 1"April 2021 | 1,955,472 | 1,826,943 | 3,782,415 | 3,419,934 | |
| Total Funds at31"March 2022 | 1,849,703 | 1,828/77 | 3,678,080 | 3,782,415 |
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| Fixed Assets | |||||
| Tangible Assets | 10 | 2465,724 | 2,318,535 | ||
| Current Assets | |||||
| Stock ofpromotional | items | 8,753 | 3,333 | ||
| Debtors and prepayments | 116,467 | 92,774 | |||
| Cash at bank and in | hand | 1/44,452 | 1,805,325 | ||
| 1/69,672 | 1,901,431 | ||||
| Current Liabilities | |||||
| Creditors: Amounts |
|||||
| falling due within one | year | 12 | (257416) | (437,551) | |
| Net Current Assets |
1,112456 | 1,463,880 | |||
| Net assets | 3,678,080 | 3,782,415 | |||
| Funds ofthe Charity | |||||
| Restricted Funds - | Building | 13 | 1,751,655 | 1,687,832 | |
| - | Other | 13 | 76,722 | 139,111 | |
| 1,828@77 | 1,826,943 | ||||
| Unrestricted Funds |
|||||
| Contingency Fund |
14 | 30D,ODO | 300,000 | ||
| Legacy Fund | 14 | 17,976 | 41,976 | ||
| Charity Development | Fund | 14 | 987,895 | 1,106,406 | |
| Revenue Reserves | 543,832 | 507,090 | |||
| Total Unrestricted | Funds | 1,849,703 | 1,955,472 | ||
| 3,678,080 | 3,782,415 |
| Note | Note | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Cash generated from / (used in) |
operating | ||||
| activities | 19 | (214,698) | 561,915 | ||
| Cash flows from investing activities |
|||||
| Investment income — Interest receivable |
1,719 | 7,455 | |||
| Purchase oftangible fixed assets | (347,894) | (647,503) | |||
| Sale proceeds oftangible fixed assets | 400,222 | ||||
| (346,175) | (239,826) | ||||
| Increase / (decrease) in cash and | cash equivalents | in the | year | (560,873) | 322,089 |
| Cash and cash equivalents at the beginning ofthe year |
1,805425 | 1,483,236 | |||
| Total cash and cash equivalents | at the end ofthe year | 1/44,452 | 1,805,325 |
| Freehold | Buildings | 50years |
|---|---|---|
| Fixtures | and Equipment | 10years |
| ITEquipment | 3 years | |
| Therapy | Equipment | 5 years |
| 3. | INCOME FROM DONATIONS | INCOME FROM DONATIONS | AND LEGACIES | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f, | |||||
| Donations and Legacies |
|||||
| Legacies | 20,000 | ||||
| Moondance Foundation |
50,000 | 30,000 | |||
| Hodge Foundation | 31,711 | 23,048 | |||
| Slater and Gordon | 36,000 | 36,000 | |||
| Mowgli Street Food | 12,158 | 2,901 | |||
| Merthyr South Wales |
50,000 | ||||
| Garfield Weston Foundation | 5,000 | 25,000 | |||
| Admiral | 25,000 | ||||
| CF in Wales | 20,000 | ||||
| Waterloo Foundation | 10,000 | 10,000 | |||
| Lottery Community | Fund | 41,509 | 33/07 | ||
| Other Trusts and Corporate | 87@71 | 50,160 | |||
| Other Private Donations | 162,979 | 119/90 | |||
| Covid 19Support | |||||
| Local Authority Grants |
12,000 | 146385 | |||
| CJRS Grant | 8,143 | 333,778 | |||
| Welsh Government | 15,000 | 25,000 | |||
| CF in Wales | 15,000 | ||||
| Lottery Community | Fund | 16,084 | 24,906 | ||
| Global Community | 20,000 | ||||
| Moondance Foundation |
41,398 | 43,875 | |||
| WCVA VSEF | 99,938 | ||||
| WCVA TSRF | 56/50 | ||||
| WCVA VSRF | 43,335 | 22,601 | |||
| WCVA TSRF2 | 64,680 | 4/12 | |||
| Capital Funds | |||||
| Garfiekl Weston | 75,000 | ||||
| Giamorgan GVS |
10,000 | ||||
| Lottery Award | 10,000 | ||||
| Slater and Gordon | 20,000 | ||||
| Hugh James | 10,000 | ||||
| Other Donations | 12,011 | ||||
| 774,379 | 1/36,451 |
| 4. | INCOME FROM | CHARITABLE ACTIVITIES | CHARITABLE ACTIVITIES | CHARITABLE ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Local Health Authorities | 341,419 | 300/86 | ||||
| Therapy Course | 66,025 | 7,912 | ||||
| Challenges | 7,458 | 24,173 | ||||
| Other Fundraising | Events and Activities | 27,764 | 43,199 | |||
| 442,666 | 375,571 | |||||
| Local Health Authority | income related | to the provision oftherapy | sessions. | |||
| 5. | RETAIL AND OTHER | TRADING ACTIVITIES | ||||
| 2022 | 2021 | |||||
| Retail Shop Sales | 334,346 | 118,447 | ||||
| Retail Online Sales | 11,251 | 144 | ||||
| Retail Rag | 20,368 | 5,778 | ||||
| Reatil Gift Aid | 42,119 | |||||
| Other | 3,219 | 1,625 | ||||
| 411,303 | 125,994 | |||||
| 6. | INVESTMENT INCOME | |||||
| 2022 | 2020 | |||||
| Bank Deposit Interest | 1,719 | 7.455 |
| XPENDITURE | ON CHARI | TABLE ACT | IVITIES | |||
|---|---|---|---|---|---|---|
| Fundrais ing | Charitable | Adminis tration | Total | Total | ||
| and Retail | Activities | and Other | 2022 | 2021 | ||
| Staff Costs (Note 8) | 295,462 | 799,963 | 159,075 | 1,254,500 | 1/39,748 | |
| Establishment | 13,507 | 47,275 | 6,754 | 67,536 | 26,252 | |
| Direct Costs | 34,884 | 21,756 | 56,640 | 6,055 | ||
| Professional Fees |
35,870 | 35,870 | 30,688 | |||
| Auditor's Remuneration |
9,000 | 9,000 | 9,000 | |||
| Other Amounts | Paid to Auditor: | |||||
| Payroll Services | 1,530 | 1,530 | ],830 | |||
| Stationery, Telephone &IT |
13,929 | 34,868 | 10,887 | 59,684 | 42/22 | |
| Training | 9,234 | 9,234 | 4,574 | |||
| Travel and Accommodation | 14,757 | 14,757 | 11,127 | |||
| Retail | 110,805 | 110,805 | 113,058 | |||
| Other costs | 3,658 | 11,553 | 15,211 | 11/45 | ||
| Depreciation | 21,846 | 39,763 | 38,492 | 100,101 | 46,832 | |
| Loss/(Gain) on: | ||||||
| Tang'ble Fixed Assets | 605 | 605 | 5,732 | |||
| 19Park Road | (164,753 | |||||
| 494,696 | 1,025,569 | 215,208 | 1,735,473 | 1,383,710 |
| The costof | employing | staff was: | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Wages and | Sahries | 1,062,046 | 1,034,943 | |
| Social Security Costs | 95/15 | 86,902 | ||
| Pension Costs | 97,239 | 88,059 | ||
| Redundancy | Costs | 29,845 | ||
| 1,254,500 | 1/39,749 |
| The | average weekly | number ofemployees | during the | year was: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Fundraising | and Publicity (Inc. Retail) | 17 | 23 | ||
| Management | and Administration | 8 | 4 | ||
| Therapy | 15 | 19 | |||
| 40 | 46 |
| Freehold | Fixtures & | Therapy | Therapy | IT | |||
|---|---|---|---|---|---|---|---|
| Pro e | E ui ment | E | ui ment | E ui ment | Total | ||
| Cost | |||||||
| At 01/04/21 | 2,202,551 | 175,999 | 97,852 | 112,809 | 2,589,211 | ||
| Additions | 278,205 | 19,475 | 1,778 | 48,436 | 347,894 | ||
| Disposals | 24,999 | 2,727 | 27 727 | ||||
| At 31/03/22 | 2,480,756 | 170,475 | 99630 | 158,518 | 2,909@79 | ||
| ~De 'n | |||||||
| At 01/04/21 | 139,810 | 78,460 | 52,406 | 270,676 | |||
| Charge for | |||||||
| Year | 42,313 | 16,174 | 4,770 | 37,844 | 101,101 | ||
| Other | (1,000) | (1,000) | |||||
| Disposals | 24,394 | 2 727 | 27,121 | ||||
| At 31/03/22 | 42/13 | 130,590 | 83430 | 87+23 | 343,655 | ||
| NBV | |||||||
| At 31/03/22 | 2,438,443 | 39,885 | 16,400 | 70,995 | 2,565,724 | ||
| At 31/03/21 | 2,202,551 | 36,189 | 19,392 | 60,403 | 2,318,535 | ||
| 11.DEBTORS | |||||||
| 2022 2021 |
|||||||
| LHB Funding Due |
6,370 | ||||||
| Event Courses income | due/Expenditure | Prepaid | 19,234 3,902 |
||||
| Furlough | Claim Due | 10,023 | |||||
| Gift Aid | 43,384 4,501 |
||||||
| Retail Rents Prepaid | 7,739 8,562 |
||||||
| Retail Rag Collection | 3,734 | ||||||
| Other debtors and prepayments |
36,006 65,786 |
||||||
| 116,467 92,774 |
| 2022 | 2021 | |
|---|---|---|
| Sundry Taxes and Social Security | 4,378 | 37,760 |
| Audit &Accountancy | 9,000 | 9,000 |
| Amounts Owed to Bobath London |
57,544 | |
| Deferred Income | 106,934 | 234,425 |
| Other Creditor &Accruals | 137,004 | 98,822 |
| 257,316 | 437,551 |
| be utilised | in future periods. | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Brought | forward at 1 April |
234 425 | 130,695 |
| Released | in the year | (234,425) | (93,985) |
| Deferred | in the year | 106,934 | 197,715 |
| Carried forward at 31March | 106934 | 234425 |
| Balance | Movement | in Year | Balance | |||
|---|---|---|---|---|---|---|
| 01,04.21 | Income | Expenditure | 31.3.2022 | |||
| Various Property | Grants | 187,832 | (3,444) | 184,388 | ||
| Welsh Government | Grant Property | 1,500,000 | (27400) | 1,472,500 | ||
| Hodge Foundation | 31,801 | 31,711 | (31,711) | 31,801 | ||
| Garfield Weston | 5,000 | 5,000 | (10,000) | |||
| Children In Need |
9,988 | (9@88) | ||||
| Sick Children in Wales Trust |
24,710 | (8,114) | 16,596 | |||
| Sundry Small Specific Grants |
12/05 | (1/45) | 10,960 | |||
| Neumark Charitable |
Foundation | 3,750 | (3,750) | |||
| Neumark Charitable |
Foundation | 3,333 | (3/33) | |||
| CIN Booster | 798 | (290) | 508 | |||
| Community Foundation |
14,911 | (14,911) | ||||
| Lottery Community | Fund | 8,302 | (8002) | |||
| Welsh Government | AV equipment | 24/13 | (8/09) | 16,104 | ||
| Moondance | 42,151 | (41398) | 753 | |||
| WCVA VSRF | 43/35 | (43/35) | ||||
| WCVA TSRF 2 | 64,680 | (64,680) | ||||
| Neumark Charitable |
Foundation | 729 | (729) | |||
| Chiklren In Need | 12,100 | (12,100) | ||||
| Global Charities | 15,000 | (15,000) | ||||
| Masonic Charity Fund | 4,950 | (4,950) | ||||
| Oakdale Trust | 1,000 | (1,000) | ||||
| Garfieki Weston Phase 2 | 75,000 | 75,000 | ||||
| Ghmorgan GVS |
10,000 | (50) | 9,950 | |||
| Lottery Awards | 10,000 | (183) | 9,817 | |||
| 1,826,943 | 315,656 | 314222 | 1,828,377 |
| NRESTRIC | TED D | ESIGNA | TED FUNDS | |||
|---|---|---|---|---|---|---|
| Balance at | Tfr General | Balance | ||||
| 01.04.21 | Reserves | Expenditure f |
31.03.22 | |||
| Contingency | Fund | 300,000 | 300,000 | |||
| Legacy Fund | 41,976 | (12,000) | 29,976 | |||
| Charity Development | Fund | 1,106,406 | (118,511) | 987,895 | ||
| 1,448,382 | (130,511) | 1,317,871 |
| ALYSIS OFNET ASSETSBET | WEEN FUNDS | ||
|---|---|---|---|
| Tangible Fixed | Net Current | ||
| Assets | Assets | Total | |
| RESTRICTED FUNDS | 1,734,157 | 94,220 | 1,828/77 |
| UNRESTRICTED FUNDS | 831,567 | 1,018,136 | 1,849,703 |
| 2,565,724 | 1,112@56 | 3,678,080 |
| 2022 | 2021 | ||
|---|---|---|---|
| Payments | Due | ||
| Within One Year | 15,000 | 16,875 | |
| Between | One and Five Years | 7,500 | 22,250 |
| 22,250 | 39,125 |
| 19. | RECONCILIATION OFINCOME/(EXPENDITURE) |
RECONCILIATION OFINCOME/(EXPENDITURE) |
RECONCILIATION OFINCOME/(EXPENDITURE) |
||
|---|---|---|---|---|---|
| TO NET CASH FLOWS FROM OPERATION ACTIVITIES | |||||
| 2022 | 2021 | ||||
| Net movement in funds |
(104@35) | 362,481 | |||
| Add back: Depreciation charge |
100,101 | 46,832 | |||
| Loss on disposal oftangible fixed assets | 605 | 5,732 | |||
| Gain on disposal of19Park Road | (164,753) | ||||
| Deduct: Investment income |
(1,719) | (7,455) | |||
| Decrease / (Increase) in stocks | (5,420) | (3,333) | |||
| Decrease / (Increase) in debtors |
(23,693) | 77,720 | |||
| Increase / (Decrease) in creditors | (180/37) | 244,691 | |||
| Net cash generated from/(used |
in) operating | activities | (214,698) | 561,915 |