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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|
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|||||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)|
##
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##
||||||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)|
##
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|||||||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|
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##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
||||E|F|
|Donations|and|gifts|1,097|618|
##
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##
||||||||||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||
|5|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:|amounts|falling|due|after|more|than|one|year|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||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|
##
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##
|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|