2021-03-31-accounts - Children In Wales-Plant Yng Nghymru

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		Page
Trustees report		1-18
Statement oftrustees	responsibilities	19
Independent auditor's	report	20-22
Statement of financial	activities	23
Balance sheet		24-25
Statement ofcash flows		26
Notes to the financial	statements	27-44

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
			Notes	E	E	E	E	E	E
lincoIe from
Donations and legacies			3	1,097		1,097	618		618
Charitable activities			4	295,146	967,087	1,262,233	272,177	1,159,804	1,431,981
Investments			5	12,515		12,515	13,128		13,128
Total income				308,758	967,087	1,275,845	285,923	1,159,804	1,445,727
Charitable activities			6	401,318	947,204	1,348,522	378,054	1,051,556	1,429,610
Net gains/(losses)		on
investments				59,125		59,125	(39,810)		(39,810)
Net (outgoing)/incoming
resources				(33,435)	19,883	(13,552)	(131,941)	108,248	(23,693)
Other recognised		gains	and	losses
Actuarial loss on
defined benefit pension
schemes				(666,000)		(666,000)	(830,000)		(830,000)
Net movement	in	funds		(699,435)	19,883	(679,552)	(961,941)	108,248	(853,693)
Fund balances at 1
April 2020				(665,104)	150,411	(514,693)	296,837	42,163	339,000
Fund balances	at	31
March 2021				(1,364,539)	170,294	(1,194,245)	(665,104)	150,411	(514,693)

					2021	2020
				Notes	F
Fixed assets
Tangible assets				12	5,225	2,393
Investments				13	384,503	327,756
					389,728	330,149
Current assets
Debtors				15	120,276	154,717
Cash at bank and	in	hand			275,563	265,985
					395,839	420,702
Creditors: amounts		falling due within
one year				16	(117,754)	(100,544)
Net current assets					278,085	320,158
Total assets less	current		liabilities		667,813	650,307
Creditors: amounts		falling due after
more than one year				18	(31,058)
Provisions for liabilities					(1,831,000)	(1,165,000)
Net liabilities					(1,194,245)	(514,693)
Income funds
Restricted funds				20	170,294	150,411
Unrestricted funds
General unrestricted		funds			466,461	499,896
Pension reserve					(1,831,000)	(1,165,000)
					(1,364,539)	(665,104)
					(1,194,245)	(514,693)

						2021		2020
					Notes			E
Cash flows from operating			activities
Cash absorbed by operations					26		(31,746)		(71,766)
Investing	activities
Purchase	oftangible fixed	assets				(4,635)
Purchase	of investments					(97,146)		(81,765)
Proceeds	on disposal of investments					99,532		84,572
Investment	income received					12,515		13,128
Net cash	generated from	investing
activities							10,266		15,935
Financing	activities
New borrowings						31,058
Net cash	generated from/(used			in)
financing	activities						31,058
Net increase/(decrease)		in	cash	and	cash
equivalents							9,578		(55,831)
Cash and	cash equivalents	at beginning			ofyear		265,985		321,816
Cash and	cash equivalents		at end of		year		275,563		265,985

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			E	F
Donations	and	gifts	1,097	618

									2021	2020
									E	f.
Membership		subscriptions							13,349	15,187
Better connected			children,		young		people &
workforce									306,908	348,106
Influencing		policy,	practice		and research				353,376	400,811
Better informed children				young		people		&
workforce									441,689	500,979
Governance		& administration				of	charity		86,702	98,608
Membership		support services							60,209	68,290
									1,262,233	1,431,981
Analysis by		fund
Unrestricted		funds							295,146	272,177
Restricted	funds								967,087	1,159,804
									1,262,233	1,431,981
For the year ended 31 March 2020
Unrestricted		funds							272,177
Restricted	funds								1,159,804
									1,431,981

Investments
	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	E	E
income from listed investments	12,515	13,128

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Net movement in funds	Net movement in funds	Net movement in funds	Net movement in funds						2021	2020
										E
Net movement in funds			is stated after charging/(crediting)
Fees payable to the financial statements		company's		auditor for the	audit	of the	company's		8,951	7,560
Depreciation ofowned			tangible	fixed assets					1,802	5,362
Support costs
				Support Governance			2021	Support	Governance	2020
				costs	costs			costs	costs
						E
Staff costs					70,362		70,362		70,801	70,801
Depreciation				1,802			1,802	5,362		5,362
Insurance				5,349			5,349	1,917		1,917
Repairs & renewals				25,899			25,899	7,936		7,936
Travel &subsistence				8,558			8,558	58,898		58,898
Communication				89,279			89,279	84,913		84,913
Rent				67,838			67,838	65,934		65,934
Other premises costs				23,374			23,374	24,084		24,084
Bank charges/bad	debts			408			408	3,402		3,402
Irrecoverable VAT				41,231			41,231	36,679		36,679
Audit fees					8,951		8,951		7,560	7,560
Legal and professional					7,046		7,046		3,739	3,739
Trustees expenses									302	302
Subscriptions									254	254
Other accountancy		fees							520	520
				263,738	86,359		350,097	289,125	83,176	372,301
Analysed between
Charitable activities				263,738	86,359		350,097	289,125	83,176	372,301

		2021	2020
		Number	Number
Employees		26	23
Employment	costs	2021	2020
		E	E
Wages and salaries		741,922	734,509
Social security costs		60,886	67,977
Other pension	costs	207,514	214,147
		1,010,322	1,016,633

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			E	E
Revaluation	of	investments	59,125	(39,810)

12	Tangible Axed assets	Tangible Axed assets
				Office	Furniture	Computers	Total
				equipment
				E
	Cost
	At 1 April 2020			30,439	42,665	51,465	124,569
	Additions				4,635		4,635
	Disposals			(29,515)	(42,480)	(46,597)	(118,592)
	At 31 March	2021		924	4,820	4,868	10,612
	Depreciation	and impairment
	At 1 April 2020			29,792	42,573	49,812	122,177
	Depreciation	charged	in the year	139	57	1,606	1,802
	Eliminated in	respect ofdisposals		(29,515)	(42,480)	(46,597)	(118,592)
	At 31 March	2021		416	150	4,821	5,387
	Carrying amount
	At 31 March	2021		508	4,670	47	5,225
	At 31 March	2020		92	647	1,654	2,393
13	Fixed asset	investments
					Listed	Cash in	Total
				investments		portfolio
					E
	Cost or valuation
	At 1 April 2020				323,693	4,063	327,756
	Additions				97,146		97,146
	Valuation changes				53,338		53,338
	Equilibrium adjustment				5,795		5,795
	Cash movement					(1,707)	(1,707)
	Disposals				(97,825)		(97,825)
	At 31 March	2021			382,147	2,356	384,503
	Carrying amount
	At 31 March	2021			382,147	2,356	384,503
	At 31 March	2020			323,693	4,063	327,756
14	Financial instruments					2021	2020
						E	f.
	Carrying amount offinancial assets
	Instruments	measured	at fair value through	profit or loss		382,147	323,693

15	Debtors
					2021	2020
	Amounts falling due		within one year:		E	E
	Trade debtors				32,791	109,754
	Other debtors				69,454	29,990
	Prepayments	and accrued income			18,031	14,973
					120,276	154,717
16	Creditors: amounts		falling due within one year
					2021	2020
				Notes	F	E
	Other taxation	and social security			2,022
	Government grants				1,617	32,885
	Trade creditors				68,765	39,935
	Other creditors					2,976
	Accruals and deferred		income		45,350	24,748
					117,754	100,544

		2021	2020
			E
Balance brought	forward	32,885	43,193
Income received	in the year	160,051	177,490
Released to income		(191,319)	(187,798)
Balance carried	forward	1,617	32,885

Creditors:
	2021	2020
	E	E
Borrowings	31,058

Value ofscheme assets an	d liabilities
		2021	2020
		E	E
Fair value ofscheme assets		4,744,000	3,869,000
Fair value ofscheme liabilities		(6,575,000)	(5,034,000)
Pension scheme (deficit)		(1,831,000)	(1,165,000)
Movement in year
		2021	2020
		E	E
Scheme deficit at beginning	ofyear	(1,165,000)	(335,000)
Expected return on assets		90,000	102,000
Current service costs		(213,000)	(247,000)
interest costs		(115,000)	(107,000)
Contributions by the employer		203,000	215,000
Actuarial gain/(loss) for the	period	(631,000)	(773,000)
Past service cost adjustment			(20,000)
Pension scheme deficit at the year end		(1,831,000)	(1,165,000)

			Movement	in funds		Movement	in funds
		Balance at	Incoming	Resources	Balance at	Incoming	Resources		Balance at
		1 April 2019	resources	expended	1 April 2020	resources	expended	31	March 2021
		E	E	E	E	E	E		E
Welsh
Government
Children	in
Wales Grant			746,076	(706,096)	39,980	725,848	(725,848)		39,980
All Wales
Child
Protection
Procedures		16,625			16,625				16,625
Welsh
Government
-Young
Carers			14,000	(13,780)	220	13,781	(13,872)		129
PHW-
Parenting
Pilot
Programme			34,656	(15,975)	23,262				23,262
WG
Sustainable
Social
Services			207,871	(207,819)	52	10,000	(10,000)		52
IRM			60,582	(58,942)	1,640	57,321	(52,853)		6,108
WG - COSD
- Dev Guides		9,583			9,583				9,583
WG-
Loneliness
and Isolation		560			560				560
PHW-
Parents
Information
Project		15,395	15,000	(7,133)	18,681				18,681
Getting
Ready
Project			27,863	(26,018)	1,845	55,714	(56,466)		1,093
Price of Pupil
Poverty			48,756	(15,793)	32,963	29,990	(29,116)		33,837
NYSG
National			5,000		5,000		(183)		4,817
EHRC
Project						17,382	(1,815)		15,567

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		2021	2021	2021	2020	2020	2020
			E	E	E	f.	E
Fund balances at 31
March 2021	are
represented	by:
Tangible assets		5,225		5,225	2,393		2,393
Investments		384,503		384,503	327,756		327,756
Current assets/
(liabilities)		107,791	170,294	278,085	169,747	150,411	320,158
Long term liabilities		(31,058)		(31,058)
Provisionsand
pensions		(1,831,000)		(1,831,000)	(1,165,000)		(1,165,000)
		(1,364,539)	170,294	(1,194,245)	(665,104)	150,411	(514,693)

	2021	2020
	E	E
Within one year	44,814	36,155
Between two and five years	132,996	3,347
in over five years	230,208
	408,018	39,502


26	Cash generated from	operatio	ns					2021	2020
									E
	Deficit for the year							(13,552)	(23,693)
	Adjustments for:
	Investment income recognised		in statement		of financial	activities		(12,515)	(13,128)
	Fair value gains and losses on		investments					(59,125)	39,810
	Depreciation and impairment oftangible			fixed assets				1,802	5,362
	Movements in working	capital:
	Decrease/(increase) in	debtors						34,441	(101,500)
	Increase in creditors							48,471	31,691
	(Decrease) in deferred	income						(31,268)	(10,308)
	Cash absorbed by operations							(31,746)	(71,766)
27	Analysis ofchanges	in net funds
							At 1 April 2020	Cash flowsAt 31 March 2021
							E	E	E
	Cash at bank and in hand						265,985	9,578	275,563
	Loans falling due after	more than one year						(31,058)	(31,058)
							265,985	(21,480)	244,505

28	Custodial	Trustee - Edward	Nichol Fund			(Continued)
	Fair value	ofthe investment	portfolio by investment	managers	1,423,035	1,159,974
	Total assets				1,442,597	1,179,249