2023-03-31-accounts - Sanctuary Trust Limited

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to5
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	7to IO
Statement ofFinancial	Activities
Balance Sheet		12
Statement ofCash Flows		13
Notes to the Financial	Statements	14to 25

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		Balance Sheet as at	31March 2023
				31March
				2023	5April 2022
			Note
Fixed assets
Tangible assets			14	260,937	252,232
Current assets
Debtors			15	111,719	81,342
Cash at bank	and in hand		16	125,729	416,997
				237,448	498,339
Creditors: Amounts		falling due within one year	17	(96,334)	(117,823)
Net current	assets			141,114	380,516
Net assets				402,051	632,748
Funds ofthe	charity:
Restricted income funds
Restricted funds				118,672	126,181
Unrestricted	income	funds
Unrestricted	funds			283,379	506,567
Total funds			20	402,051	632,748

Statement ofCash Flows for the Period f	rom 6April	2()22to31Marc	h 2()23
		31March
		2023	5April 2022
	Note
Cash flows from operating activities
Net (expediture)/ income		(230,697)	(52,466)
Adjustments to cash flows from non-cash items
Depreciation Investment income	14 6	22,701 ~i646	20,661 (48)
		(208,642)	(31,853)
Working capital adjustments
(Increase)/decrease in debtors	15	(30,377)	49,819
(Decrease)/increase in creditors	17	(21,488)	41,561
Net cash flows &om operating activities		(260,507)	59,527
Cash flows from investing activities
Interest receivable and siinilar income	6	646	48
Purchase oftangible fixed assets	14	(35,565)	(25,296)
Disposal oftangible fixed assets		4,158	3,579
Net cash flows froin investing activities		30,761	21,669
Net (decrease)/increase in cash and cash equivalents		(291,268)	37,858
Cash and cash equivalents brought forward		416,997	379,139
Cash and cash equivalents carried forward		125,729	416,997

Asset class	Depreciation method and rate	Depreciation method and rate
Land and buildings	5%per annum	reducing balance basis
Plant and machinery	20%per annum	reducing balance basis
Computer equipment	33%per annum	straight line basis
Motor vehicles	25%per annum	reducing balance basis

			Unrestricted
			funds
					Total	Total
				Restricted	31March	Year ended 5
			General	funds	2023	April 2022
					0	g
Donations	and legacies;
Donations		&om institutions	6,168	5,615	11,783	26,175
Donations		&om individuals	2,260	39,900	42,160	29,767
Legacies						25,792
Gilt aid	reclaimed		20,179		20,179
			28,607	45,515	74,122	81,734

				Unrestricted
				fnnds
						Total	Total
					Restricted	31March	Year ended 5
				General f	funds	2023 f	April 2022
Housing benefits				723,811		723,811	428,535
Service contracts				570,155		570,155	615,460
Rent received				53,621		53,621	50,296
Welsh Assembly	contribution			164,619		164,619	149,955
Grants received				500	83,345	83,845	214,618
				1,512,706	83,345	1,596,051	1,458,864
Grants received, included			in the above	are as follows:
Workers' Educational		Association					19,918
Real change					808	808	14,302
Action Together					11,452	11,452
Albert Gubay Foundation					25,600	25,600	21,000
Lloyds Bank Foundation							31,257
Conununity Fund							79,419
Conwy food bank					45,485	45,485	40,000
Others				500		500	8,722
				500	83,345	83,845	214,618

5 Inco	me f	rom other trading activitie	s
			Unrestricted
			funds
				Total	Total
				31March	Year ended 5
			General f	2023	April 2022
Charity	shop	income	61,616	61,616	69,488
			61,616	61,616	69,488

Interest receivable and similar income;
Interest receivable on bank deposits

a) Cos	ts of	trading	activities
				Unrestricted
				funds
					Total	Total
					31March	Year ended 5
				General	2023	April 2022
Charity	shop	running	costs	63,813	63,813	59,226
				63,813	63,813	59,226

8 Expendit	ure on ch	aritable activiti	es
			Unrestricted
			funds
					Total	Total
				Restricted	31March	Year ended 5
			General	funds	2023	April 2022
		Note			0
Housing benefits			432,026	38,135	470,161	344,844
Depreciation	cost		22,155	4,704	26,859	24,240
Governance	costs	9	26,984	1,003	27,987	19,018
Staffcosts		11	1,330,590	82,112	1,412,702	1,215,272
			1,811,755	123,934	1,937,799	1,6113,374

Governance costs
		Unrestricted
		funds
				Total	Total
			Restricted	31March	Year ended 5
		General	funds	2023	April 2022
Audit fees
Audit ofthe financial	statements	5,898	522	6,420	8,450
Legal fees		21,086	481	21,567	10,568
		26,984	1,003	27,987	19,018

10 Net incomingtoutgoing resources Net outgoing resources for the period include:
		31March
		2023f	5Aprn f	2022
Audit fees		6,420		8,450
Loss on disposal offixed assets beld for the charity's	own use	4,158		3,579
Depreciation offixed assets		22,701	20,661

11 Staff costs The aggregate payroll costs were as follows:
	31March
	2023	5April 2022
Staffcosts during the period were:
Wages and salaries	1,265,642	1,106,085
Social security costs	92,927	82,488
Pension costs	30,289	26,699
Other staff costs	23,844
	1,412,702	1,215,272

the period expressed as full time equivalents was a	s follows:
	31March
	2023		5April	2022
	No		No
Direct charity work		55		49
Administrative		4		4
		59		53

				6April 2022
				to 31March	Year ended 5
				2023	April 2022
Audit	ofthe	financial	statements	6,420	8,450

14 Tangib	le fixed assets
			Plant,
			machinery
		Land and	and computer	Motor
		bundings	equipment	vehicles	Total
				f.
Cost
At 6April	2022	407,845	87,486	9,000	504,331
Additions		29,222	6,343		35,565
Disposals			(2,414)	(5,000)	(7,414)
At 31March 2023		437,067	91,415	4,000	532,482
Depreciation
At 6April	2022	191,205	56,220	4,675	252,100
Charge for the year Eliminated on disposals		11,744	9,993 S33i	964 ~2,7733	22,701 ~3,236
At 31March 2023		202,949	65,730	2,866	271,545
Net book value
At 31March 2023		234,118	25,685	1,134	260,937
At 5April	2022	216,640	31,266	4,325	252,231

15Debtors
	31March
	2023f	5April 2022
Trade debtors	33,318	21,014
Prepayments	49,991	59,638
Other debtors	28,410	690
	111,719	81,342

16 Cash and cash equivalents
	31	March
	2023f		5April 2022 f
Cash on hand		3,449	5,419
Cash at bank		122,280	411,578
		125,729	416,997
17 Creditors
	31	March
	2023		5April 2022
Trade creditors		29,008	11,259
Other taxation aud social security		19,223	22,229
Other creditors		18,387	13,290
Accruals		29,716	71,045
		96,334	117,823

Total future minimum lease payments under non-cance	llable operating leases are as follows:
	31March
	2023	5April 2022
Rent
Within one year	100,487	15,143
Between one and five years	315,667	86,988
After five years		24,158
	416,154	126,289

20 Funds
						Balance at
		Balance at 6	Incoming	Resources		31March
		April 2022	resources	expended	Transfers f	2023f
Unrestricted fuads
General fund		506,567	1,603,575	(1,837,178)	(180,716)	92,248
Fixed asset fund					191,131	191,131
		506,567	1,603,575	(1,837,178)	10,415	283,379
Restricted funds
Purchase and improvement
Tweedale Street		69,327		(3,466)		65,861
Albert Gubay Foundation	grant	3,375	25,600	(22,799)		6,176
Lloyds Bank Foundation	grant	883			(883)
NHS grant		779			(779)
D M Thotnas Foundation	grant	1,442			(1,442)
Lloyds Bank Foundation	grant	1,868			(1,868)
Community Fund grant		4,881			(4,881)
Conwy food bank		43,064	91,808	(97,862)		37,010
Workers Educational
Association Action Together		562	11,452	~3,827	(562)	9,625
		126,181	128,860	(125,954)	(10,415)	118,672
Total funds		632748	1,732435	~3,963,3323		402,051

			Balance at 6	Incoming	Resources	Balaace at 5
			April 2021	resources f	expended f	April 2022
Unrestricted funds
General funds			549,131	1,358,997	(1,401,561)	506,567
Restricted fuads
Purchase and improvement
Tweedale Street			72,976		(3,649)	69,327
Albert Gubay Foundation		grant		21,000	(17,625)	3,375
Lloyds Bank Foundation		grant	883			883
NHS grant			779			779
D M Thomas Foundation		grant	1,442			1,442
Lloyds Bank Foundation		grant	4,398	31,257	(33,787)	1,868
Community Fund grant			13,309	79,419	(87,847)	4,881
Small project grants			838	14,326	(15,164)
Conwy food bank			41,458	85,217	(83,611)	43,064
Workers Educational	Association			19,918	(19,356)	562
			136083	251,137	~261,033	126,181
Total funds			685,214	1,610,134	~43,662,600	632,748

21 Analysis ofnet assets between fund	s
	Unrestricted
	funds
		Restricted	Total funds
	General f	fundsf	at 2023
Tangible fixed assets	191,131	69,806	260,937
Current assets	171,287	66,161	237,448
Current liabilities	(78,371)	(17,963)	(96,334)
Total net assets	284,047	118,004	402,051
	Unrestricted
	funds
		Restricted	Total funds
	General	funds	at 2022
	f
Tangible fixed assets	177,255	74,977	252,232
Current assets Current liabilities	415,483 (86,171)	82,856 (31,652)	498,339 ~337,8233
Total net assets	506,567	126,181	632,748

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to5
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	7to IO
Statement ofFinancial	Activities
Balance Sheet		12
Statement ofCash Flows		13
Notes to the Financial	Statements	14to 25

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		Balance Sheet as at	31March 2023
				31March
				2023	5April 2022
			Note
Fixed assets
Tangible assets			14	260,937	252,232
Current assets
Debtors			15	111,719	81,342
Cash at bank	and in hand		16	125,729	416,997
				237,448	498,339
Creditors: Amounts		falling due within one year	17	(96,334)	(117,823)
Net current	assets			141,114	380,516
Net assets				402,051	632,748
Funds ofthe	charity:
Restricted income funds
Restricted funds				118,672	126,181
Unrestricted	income	funds
Unrestricted	funds			283,379	506,567
Total funds			20	402,051	632,748

Statement ofCash Flows for the Period f	rom 6April	2()22to31Marc	h 2()23
		31March
		2023	5April 2022
	Note
Cash flows from operating activities
Net (expediture)/ income		(230,697)	(52,466)
Adjustments to cash flows from non-cash items
Depreciation Investment income	14 6	22,701 ~i646	20,661 (48)
		(208,642)	(31,853)
Working capital adjustments
(Increase)/decrease in debtors	15	(30,377)	49,819
(Decrease)/increase in creditors	17	(21,488)	41,561
Net cash flows &om operating activities		(260,507)	59,527
Cash flows from investing activities
Interest receivable and siinilar income	6	646	48
Purchase oftangible fixed assets	14	(35,565)	(25,296)
Disposal oftangible fixed assets		4,158	3,579
Net cash flows froin investing activities		30,761	21,669
Net (decrease)/increase in cash and cash equivalents		(291,268)	37,858
Cash and cash equivalents brought forward		416,997	379,139
Cash and cash equivalents carried forward		125,729	416,997

Asset class	Depreciation method and rate	Depreciation method and rate
Land and buildings	5%per annum	reducing balance basis
Plant and machinery	20%per annum	reducing balance basis
Computer equipment	33%per annum	straight line basis
Motor vehicles	25%per annum	reducing balance basis

			Unrestricted
			funds
					Total	Total
				Restricted	31March	Year ended 5
			General	funds	2023	April 2022
					0	g
Donations	and legacies;
Donations		&om institutions	6,168	5,615	11,783	26,175
Donations		&om individuals	2,260	39,900	42,160	29,767
Legacies						25,792
Gilt aid	reclaimed		20,179		20,179
			28,607	45,515	74,122	81,734

				Unrestricted
				fnnds
						Total	Total
					Restricted	31March	Year ended 5
				General f	funds	2023 f	April 2022
Housing benefits				723,811		723,811	428,535
Service contracts				570,155		570,155	615,460
Rent received				53,621		53,621	50,296
Welsh Assembly	contribution			164,619		164,619	149,955
Grants received				500	83,345	83,845	214,618
				1,512,706	83,345	1,596,051	1,458,864
Grants received, included			in the above	are as follows:
Workers' Educational		Association					19,918
Real change					808	808	14,302
Action Together					11,452	11,452
Albert Gubay Foundation					25,600	25,600	21,000
Lloyds Bank Foundation							31,257
Conununity Fund							79,419
Conwy food bank					45,485	45,485	40,000
Others				500		500	8,722
				500	83,345	83,845	214,618

5 Inco	me f	rom other trading activitie	s
			Unrestricted
			funds
				Total	Total
				31March	Year ended 5
			General f	2023	April 2022
Charity	shop	income	61,616	61,616	69,488
			61,616	61,616	69,488

Interest receivable and similar income;
Interest receivable on bank deposits

a) Cos	ts of	trading	activities
				Unrestricted
				funds
					Total	Total
					31March	Year ended 5
				General	2023	April 2022
Charity	shop	running	costs	63,813	63,813	59,226
				63,813	63,813	59,226

8 Expendit	ure on ch	aritable activiti	es
			Unrestricted
			funds
					Total	Total
				Restricted	31March	Year ended 5
			General	funds	2023	April 2022
		Note			0
Housing benefits			432,026	38,135	470,161	344,844
Depreciation	cost		22,155	4,704	26,859	24,240
Governance	costs	9	26,984	1,003	27,987	19,018
Staffcosts		11	1,330,590	82,112	1,412,702	1,215,272
			1,811,755	123,934	1,937,799	1,6113,374

Governance costs
		Unrestricted
		funds
				Total	Total
			Restricted	31March	Year ended 5
		General	funds	2023	April 2022
Audit fees
Audit ofthe financial	statements	5,898	522	6,420	8,450
Legal fees		21,086	481	21,567	10,568
		26,984	1,003	27,987	19,018

10 Net incomingtoutgoing resources Net outgoing resources for the period include:
		31March
		2023f	5Aprn f	2022
Audit fees		6,420		8,450
Loss on disposal offixed assets beld for the charity's	own use	4,158		3,579
Depreciation offixed assets		22,701	20,661

11 Staff costs The aggregate payroll costs were as follows:
	31March
	2023	5April 2022
Staffcosts during the period were:
Wages and salaries	1,265,642	1,106,085
Social security costs	92,927	82,488
Pension costs	30,289	26,699
Other staff costs	23,844
	1,412,702	1,215,272

the period expressed as full time equivalents was a	s follows:
	31March
	2023		5April	2022
	No		No
Direct charity work		55		49
Administrative		4		4
		59		53

				6April 2022
				to 31March	Year ended 5
				2023	April 2022
Audit	ofthe	financial	statements	6,420	8,450

14 Tangib	le fixed assets
			Plant,
			machinery
		Land and	and computer	Motor
		bundings	equipment	vehicles	Total
				f.
Cost
At 6April	2022	407,845	87,486	9,000	504,331
Additions		29,222	6,343		35,565
Disposals			(2,414)	(5,000)	(7,414)
At 31March 2023		437,067	91,415	4,000	532,482
Depreciation
At 6April	2022	191,205	56,220	4,675	252,100
Charge for the year Eliminated on disposals		11,744	9,993 S33i	964 ~2,7733	22,701 ~3,236
At 31March 2023		202,949	65,730	2,866	271,545
Net book value
At 31March 2023		234,118	25,685	1,134	260,937
At 5April	2022	216,640	31,266	4,325	252,231

15Debtors
	31March
	2023f	5April 2022
Trade debtors	33,318	21,014
Prepayments	49,991	59,638
Other debtors	28,410	690
	111,719	81,342

16 Cash and cash equivalents
	31	March
	2023f		5April 2022 f
Cash on hand		3,449	5,419
Cash at bank		122,280	411,578
		125,729	416,997
17 Creditors
	31	March
	2023		5April 2022
Trade creditors		29,008	11,259
Other taxation aud social security		19,223	22,229
Other creditors		18,387	13,290
Accruals		29,716	71,045
		96,334	117,823

Total future minimum lease payments under non-cance	llable operating leases are as follows:
	31March
	2023	5April 2022
Rent
Within one year	100,487	15,143
Between one and five years	315,667	86,988
After five years		24,158
	416,154	126,289

20 Funds
						Balance at
		Balance at 6	Incoming	Resources		31March
		April 2022	resources	expended	Transfers f	2023f
Unrestricted fuads
General fund		506,567	1,603,575	(1,837,178)	(180,716)	92,248
Fixed asset fund					191,131	191,131
		506,567	1,603,575	(1,837,178)	10,415	283,379
Restricted funds
Purchase and improvement
Tweedale Street		69,327		(3,466)		65,861
Albert Gubay Foundation	grant	3,375	25,600	(22,799)		6,176
Lloyds Bank Foundation	grant	883			(883)
NHS grant		779			(779)
D M Thotnas Foundation	grant	1,442			(1,442)
Lloyds Bank Foundation	grant	1,868			(1,868)
Community Fund grant		4,881			(4,881)
Conwy food bank		43,064	91,808	(97,862)		37,010
Workers Educational
Association Action Together		562	11,452	~3,827	(562)	9,625
		126,181	128,860	(125,954)	(10,415)	118,672
Total funds		632748	1,732435	~3,963,3323		402,051

			Balance at 6	Incoming	Resources	Balaace at 5
			April 2021	resources f	expended f	April 2022
Unrestricted funds
General funds			549,131	1,358,997	(1,401,561)	506,567
Restricted fuads
Purchase and improvement
Tweedale Street			72,976		(3,649)	69,327
Albert Gubay Foundation		grant		21,000	(17,625)	3,375
Lloyds Bank Foundation		grant	883			883
NHS grant			779			779
D M Thomas Foundation		grant	1,442			1,442
Lloyds Bank Foundation		grant	4,398	31,257	(33,787)	1,868
Community Fund grant			13,309	79,419	(87,847)	4,881
Small project grants			838	14,326	(15,164)
Conwy food bank			41,458	85,217	(83,611)	43,064
Workers Educational	Association			19,918	(19,356)	562
			136083	251,137	~261,033	126,181
Total funds			685,214	1,610,134	~43,662,600	632,748

21 Analysis ofnet assets between fund	s
	Unrestricted
	funds
		Restricted	Total funds
	General f	fundsf	at 2023
Tangible fixed assets	191,131	69,806	260,937
Current assets	171,287	66,161	237,448
Current liabilities	(78,371)	(17,963)	(96,334)
Total net assets	284,047	118,004	402,051
	Unrestricted
	funds
		Restricted	Total funds
	General	funds	at 2022
	f
Tangible fixed assets	177,255	74,977	252,232
Current assets Current liabilities	415,483 (86,171)	82,856 (31,652)	498,339 ~337,8233
Total net assets	506,567	126,181	632,748