| Page No. | ||
|---|---|---|
| 1 —10 | Report ofthe Trustees | |
| 11 —14 | Independent Auditor's |
Report |
| 15 | Statement ofFinancial | Activities |
| 16 | Balance Sheet | |
| 17 | Cash Flow Statement | |
| 18-30 | Notes to the Financial | Statements |
| YEAR ENDED 31~MARCH 20 | 23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | 2023 | 2022 | |||
| Income and endowments | |||||
| from: | |||||
| Donations and Legacies |
3 | 335,952 | 146,671 | 482,623 | 436,728 |
| Covid 19Support | 3 | 200,640 | |||
| Capital Funds | 3 | 20 | 302,500 | 302,520 | 137,011 |
| Charitable Activities |
4 | 412,611 | 412,611 | 442,666 | |
| Retail and Other Activities | 5 | 453,823 | 453,823 | 411,303 | |
| Investment Income |
6 | 5@01 | 5@01 | 1,719 | |
| Other Income | 14@44 | 14@44 | 1,071 | ||
| Total Income | 1/22,051 | 449,171 | 1,671/22 | 1,631,138 | |
| Expenditure on: | |||||
| Raising Funds |
|||||
| Retail | 278,754 | 10,683 | 289,436 | 280,143 | |
| Fundraising | 223259 | 7577 | 230037 | 214 553 | |
| 502,013 | 18,260 | 520873 | 494,696 | ||
| Charitable Activities |
|||||
| Therapy Provision | 800285 | 188,165 | 988,450 | 1,016,569 | |
| Administration and Governance |
9 | 224,457 | 3,788 | 22Sf45 | 224,208 |
| Total Expenditure | 1,526,755 | 2102,13 | 1,736,968 | 1,735,473 | |
| Net Income/(Expenditure) | (304,704) | 238,958 | (65,746) | (104,335) | |
| Transfers Between Funds |
|||||
| Net movement in funds |
(304,704) | 238,958 | (65,746) | (104,355) | |
| Total Funds at 1"April 2022 | 1,849,703 | 1,828@77 | 3,678,080 | 3,782,415 | |
| Total Funds at 31"March 2023 | 1/44,999 | 2,067/35 | 3,612@34 | 3,678,080 |
| Note | Note | 2023 | 2022 | ||
|---|---|---|---|---|---|
| Cash generated from / (used in) |
operating | ||||
| activities | 21 | (4485) | (214,698) | ||
| Cash flows from investing activities |
|||||
| Investment income — Interest receivable |
59301 | 1,719 | |||
| Purchase oftangible fixed assets |
(338,718) | (347,894) | |||
| (333,417) | (346,175) | ||||
| Increase / (decrease) in cash and | cash equivalents | in the | year | (337,802) | (560,873) |
| Cash and cash equivalents at the beginning ofthe year |
1/44,452 | 1,805,325 | |||
| Total cash and cash equivalents | at the end ofthe year | 906,650 | 1,244,452 |
| 3. | INCOME FROM DONATIONS | INCOME FROM DONATIONS | INCOME FROM DONATIONS | AND LEGACIES | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Donations and Legacies |
|||||
| Legacies | 2,409 | ||||
| Moondance Foundation |
50,000 | 50,000 | |||
| Moondance Foundation |
(Therapist) | 48,028 | |||
| Hodge Foundation | 31,711 | ||||
| Slater and Gordon | 36,000 | 36,000 | |||
| Mowgli Street Food | 20,840 | 12,158 | |||
| Garfield Weston | 5,000 | ||||
| Waterloo Foundation | 10,000 | ||||
| Lottery Community | Fund | 10,000 | 41,509 | ||
| WCVA TSRF3 | 28,788 | ||||
| Harding Evans |
11,859 | ||||
| StJoseph Hopsital | 10,000 | ||||
| Other Trust and Corporate | 100,630 | 87,371 | |||
| Other Private Donations | 164,069 | 162,979 | |||
| Covid 19Support | |||||
| Local Authority Grants |
12,000 | ||||
| CJRS Grant | 8,143 | ||||
| Welsh Government | 15,000 | ||||
| Lottery Community | Fund | 16,084 | |||
| Moondance Foundation |
(Therapist) | 41,398 | |||
| WCVA VSRF | 43,335 | ||||
| WCVA TSRF2 | 64,680 | ||||
| Capital Funds | |||||
| Bradbury Foundation |
300,000 | ||||
| StJames Place | 2,500 | ||||
| Other Donations | 20 | 12,011 | |||
| Garfiekl Weston | 75,000 | ||||
| Ghmorgan GVS |
10,000 | ||||
| National Lottery | 10,000 | ||||
| Shter and Gordon | 20,000 | ||||
| Hugh James | 10,000 | ||||
| 785,143 | 774,379 |
| 2023 | 2022 | ||
|---|---|---|---|
| Local Health Authorities | 332,761 | 341,419 | |
| Therapy Courses | 48,276 | 66,025 | |
| Challenges & Fundraising |
Activities | 31,574 | 35/22 |
| 412,611 | 442,666 |
| 5. | RETAIL AND OTHER TRADING AC | TIVITIES | |
|---|---|---|---|
| 2023 | 2022 | ||
| Retail Shop Sales | 390,787 | 334,346 | |
| Retail Online Sales | 17,504 | 11/51 | |
| Retail Rag | 18,066 | 20,369 | |
| Retail Gift Aid | 22,400 | 42,119 | |
| Other | 5,066 | 3/18 | |
| 453,823 | 411,303 | ||
| 6. | INVESTMENT INCOME | ||
| 2023 | 2022 | ||
| Bank Deposit Interest | 5/01 | 1,719 |
| 7. | EXPENDITURE ON RAISING FUN | DS | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Restric ted | 2023 | 2022 | ||
| Retail | |||||
| Retail StaffCosts | 161,575 | 161,574 | 163,975 | ||
| Retail Costs | 113+71 | 10,683 | 124,054 | 110,805 | |
| Retail Direct Costs | 3,808 | 3,808 | 5/63 | ||
| 278,754 | 10,683 | 289,436 | 280,143 | ||
| Total | Total | ||||
| Unrestricted | Rcstrictcd | 2023 | 2022 | ||
| Fund~hiug | |||||
| Fund Raising StaffCosts | 147,601 | 147,602 | 131487 | ||
| Fund Raising Direct Costs | 19,471 | 19,471 | 29/21 | ||
| Establishment | 17,23? | 17,232 | 13,507 | ||
| Stationery, Telephone &IT |
14,694 | 14,694 | 13,929 | ||
| Other Costs | 5,686 | 5,686 | 3,658 | ||
| Depreciation | 18,575 | 7,577 | 26,152 | 21,846 | |
| Loss on Tangible Fixed Assets | 605 | ||||
| 223,259 | 7,577 | 230,837 | 214,553 | ||
| 8. | EXPENDITURE ON CHARITABLE | ACTIVITIES | |||
| Total | Total | ||||
| Unrestricted | Restricted | 2023 | 2022 | ||
| StaffCosts | 584,567 | 138,357 | 722,924 | 799,963 | |
| Establishment | 60,315 | 60,315 | 47/75 | ||
| Direct Costs | 16,044 | 16,044 | 21,756 | ||
| Professional Fees | 24,536 | 11,936 | 36,472 | 37,400 | |
| Stationery, Telephone &IT |
37@91 | 37,391 | 34,868 | ||
| Training | 13,900 | 13,900 | 9/34 | ||
| Travel and Accommodation | 17,460 | 17,460 | 14,757 | ||
| Other Costs | 11,725 | 11,725 | 11,553 | ||
| Depreciation | 34,347 | 37,872 | 72,219 | 39,763 | |
| 800,285 | 188,165 | 988,450 | 1,016,569 |
| 9. EXPENDITURE | ON ADMIN | ISTRATION AND GOVERNANCE |
|||
| Total | Total | ||||
| Unrestricted | Restricted | 2023 | 2022 | ||
| StaffCosts | 189,905 | 189,905 | 159,075 | ||
| Establishment | 8,617 | 8,617 | 6,754 | ||
| Auditors Remuneration |
9,000 | 9,000 | 9,000 | ||
| Stationery, Telephone 4 |
IT | 10,473 | 10,473 | 10,887 | |
| Other Costs | 1,011 | 1,011 | |||
| Depreciation | 5,451 | 3,788 | 9,239 | 38,492 | |
| 224,457 | 3,788 | 228,245 | 224/08 | ||
| 10. STAFF COSTS | |||||
| 1he cost ofemploying | staffwas: | ||||
| 2023 | 2022 | ||||
| Wages and Salaries | 1,034,765 | 1,062,046 | |||
| Social Security Costs | 100,117 | 95,215 | |||
| Pension Costs | 87,123 | 97,239 | |||
| 1222 005 | 1 254 500 |
| age weekly | num | ber ofemployees during the |
year was: | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Fundraising | and | Publicity (lnc. Retail) | 16 | 17 |
| Management | and | Administration | 9 | 8 |
| Therapy | 15 | 15 | ||
| 40 | 40 |
| Freehold | Fixtures & | Therapy | IT | Total | |
|---|---|---|---|---|---|
| Property | Equipmcnt | Equipment | Equipment | ||
| Cost | |||||
| At 1 April 2022 |
2,480,756 | 170,475 | 99,630 | 158,518 | 2,909,379 |
| Additions | 310,021 | 10,336 | 18,362 | 338,718 | |
| Disposals | |||||
| At 31 March 2023 | 2,790,777 | 180,811 | 99,630 | 176,880 | 3,248,097 |
| Dcprcciation | |||||
| At 1 April 2022 | 42,313 | 130,590 | 83,230 | 87,523 | 343,656 |
| Charge for the year | 52,536 | 11,747 | 4,811 | 38,517 | 107,610 |
| Disposals | |||||
| At 31 March 2023 | 94,849 | 142,337 | 88,041 | 126,040 | 451,266 |
| Net BookValue | |||||
| At 31March 2023 | 2,695,928 | 38,473 | 11,589 | 50,840 | 2,796,831 |
| At 31March 2022 | 2,438 443 | 39,885 | 16,400 | 70995 | 2,565,723 |
| 26 |
| DEBTORS | ||
|---|---|---|
| 2023 | 2022 | |
| f | ||
| LHB Funding Due |
4,667 | 6,370 |
| Accrued Income (Courses and Events) | 21,005 | 19,234 |
| Gift Aid | 8,344 | 43,384 |
| Retail Rents Prepaid | 7,983 | 7,739 |
| Retail Rag Collection | 5,074 | 3,734 |
| Other Debtors & Prepayments | 43,331 | 36,006 |
| VAT | 3452 | |
| 93856 | 116467 |
| CREDITORS: Amounts falling due within one yea |
r | |
|---|---|---|
| 2023 | 2022 | |
| Trade Creditors | 27,219 | 38,263 |
| Social Security &Other Taxes | 4,378 | |
| Audit &Accountancy | 9,000 | 9,000 |
| Deferred Income | 132,256 | 106,934 |
| Other Creditor &Accruals | 23 194 | 98 741 |
| 191669 | 257 316 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Brought | forward | at | 1 April | 106,934 | 234,425 |
| Released | in the | year | (85,721) | (234,425) | |
| Deferred | in the | year | 111,043 | 106,934 | |
| Carried | forward | at 31 March | 132256 | 106934 |
| Balance | Movement | in Year | Balance | |||||
|---|---|---|---|---|---|---|---|---|
| 01/04/2022 | Incoine | Expenditure | 31/03/2023 | |||||
| Fixed Assets Pro | Funds | |||||||
| Various Property Grants | 184,388 | (3,757) | 180,631 | |||||
| Welsh Government Grant |
Property | 1,472,500 | (30,000) | 1,442,500 | ||||
| Gfamorgan GVS | 9,950 | (200) | 9,750 | |||||
| Lottery Awards | 9,817 | (200) | 9,617 | |||||
| Garfield Weston Phase 2 | 75,000 | (1,500) | 73,500 | |||||
| Bradbuty Foundation |
300,000 | (3,093) | 296,907 | |||||
| StJames Place Charitable | Foundation | 2,500 | (38) | 2,462 | ||||
| 1,751,655 | 302,500 | (38,788) | 2,015467 | |||||
| Fixed Asset ui ment |
Funds | |||||||
| Sundry Small Specific Grants | 10,960 | (2,192) | 8,768 | |||||
| Booster (Children inNeed) |
508 | (270) | 238 | |||||
| Audio visual equipment (Welsh Government) |
16,104 | (8,333) | 7,771 | |||||
| 27,572 | 10,795 | 16,777 | ||||||
| Better Sta Better Future |
Funds | |||||||
| Masonic Charitable Foundation |
19,800 | (4,950) | 14,850 | |||||
| Simon Gibson Charitable | Trust | 3,000 | (3,000) | |||||
| Florence Shute Millennium | Trust | 2,000 | (2,000) | |||||
| Hospital Saturday Fund |
2,000 | (2,000) | ||||||
| 26,800 | - | 11,950 | 14,850 | |||||
| Prima Stc Fund |
||||||||
| Hodge Foundation | 31,801 | (31,801) | ||||||
| Children in Need Fund |
||||||||
| Escapades | 24,439 | (24,439) | ||||||
| Hemi Camp | 9,978 | 9,978 | ||||||
| Uplift | 500 | (500) | ||||||
| 34,917 | (24,939) | 9,978 | ||||||
| Moondancc Fund |
||||||||
| Therapist Funding |
753 | 47,275 | (48,028) | |||||
| WCVA Third Sector Resilience | Fund 3 | |||||||
| ECommerce Devebpment |
28,788 | (24,338) | 4,450 | |||||
| Other Restricted Funds |
||||||||
| Sick CMdren in Wales Trust - |
Van Hire | 16,596 | (10,683) | 5,913 | ||||
| Sir Jules Thorn Charitable | Trust- Family Support | 2,500 | (2,500) | |||||
| Neumark Foundation - Therapy North Wales |
1,458 | (1,458) | ||||||
| C3SC - Unpaid Carers Grant | 1,933 | (1,933) | ||||||
| C3SC - HAU Third Sector Youth | Voice Wales | 3,000 | (3,000) | |||||
| 16,596 | 8,891 | (19,574) | 5,913 | |||||
| 1,828,377 | 449,171 | (210,213) | 2,067435 |
| 6.UNREST | RICTED DES | IGNATED FUNDS | |||
|---|---|---|---|---|---|
| Balance at | Tfr General | Balance | |||
| 01.04.22 | Reserves | Expenditure | 31.03.23 | ||
| f, | |||||
| Contingency | Fund | 300,000 | 300,000 | ||
| Legacy Fund | 17,976 | (12,000) | 5,976 | ||
| Charity Development | 987,895 | (147,939) | 839,956 | ||
| 1,305,871 | (159,939) | 1,145,932 |
| ANALYSIS OFNET ASSETSB | ETWEEN FUNDS | ||
|---|---|---|---|
| Tangible Fixed | Net Current | ||
| Assets | Assets | Total | |
| RESTRICTED FUNDS | 2,015467 | 51,968 | 2,067435 |
| UNRESTRICTED FUNDS | 781,464 | 763,535 | 1/44,999 |
| 2,796,831 | 815,503 | 3,612@34 |
| 31 March | 2023 the Charity had commitments under |
non-cancellable operating lease |
s as follow |
|---|---|---|---|
| 2023 | 2022 | ||
| Payments | Due | ||
| Within One Year | 7,500 | 15,000 | |
| Between | One and Five Years | 7,500 | |
| 7,500 | 22,250 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Net movement in funds |
(65,746) | (104,335) | ||||
| Add back: | ||||||
| Depreciation | 107,610 | 100,101 | ||||
| Loss on disposal oftangible | fixed | assets | 605 | |||
| Deduct: | ||||||
| Investment income |
(5,301) | (1,719) | ||||
| Decrease/(Increase) | in stocks | 2,087 | (5,420) | |||
| Decrease/(Increase) | in debtors | 22,611 | (23,693) | |||
| Increase/(Decrease) | in credtiros | (65,647) | (180,237) | |||
| Net cash generated | from/(used | in) operating | activities | 4385 | 214698 |