## ## |||Page| |---|---|---| |Trustees report||1-19| |Statement
oftrustees|responsibilities|20| |Independent
auditor's|report|21-23| |Statement
offinancial|activities|24-25| |Balance sheet||26 - 27| |Statement ofcash flows||28| |Notes to the financial|statements|29-53| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Reference|and administrative|and administrative|details||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Charity name||||Children
in Wales —Plant|Yng|||Nghymru|||||| |Charity number||||1020313|||||||||| |Company|number|||2805996|||||||||| |VAT registration||number||850934516|||||||||| |Registered|office|||21 Windsor Place|||||||||| |||||Cardiff|||||||||| |||||CF103BY|||||||||| |Trustees||||Fateha Ahmed, EYST|||||||||| |||||Suman
Bhogal (Treasurer)|||||||||| |||||Cheme Bi)a, Faith in Families|||||||||| |||||Sarah Crawley, Bamardo's||Wales (Cymru)|||||||| |||||Kyle Eldddge - appointed|12||October 2022||||||| |||||Dr Nia John, Royal College||of||Paediatrics|||and Child Health||| |||||Wales|||||||||| |||||Deborah Jones, Voices From|||Care||||||| |||||Helen Jones (Chair)|||||||||| |||||Liam Maguire - appointed|12||October 2022||||||| |||||Jacqueline
Murphy, TGP Cymru|||||||||| |||||Dr Nigel Thomas|||||||||| |||||Bethan Webber, Home-Start|||Cymru||||||| |||||Jennifer Williams,
Conwy|County Borough||||||Council||| |||||Dr David Williams|||||||||| |Secretary||||Hugh Russell - appointed|3July||||2023||||| |Key Management||Personnel||Hugh Russell - Chief Executive|||||||||| |||||Sean O' Neil - Policy Director|||||||||| |||||Fiona Probert -Administration||||Manager|||||| |||||Caroline Taylor - Administration|||||Manager||||| |||||Paula Timms - Business Development||||||Director|||| |||||Stephanie
Garbutt - Finance|||and Operations|||||Director|| |||||Sarah James - Policy information|||||and|Communications|||Oificer| |Auditors||||Azets Audit Services|||||||||| |||||Ty Derw Lime Tree Court|||||||||| |||||Cardiff Gate Business Park|||||||||| |||||Cardiff|||||||||| |||||CF23 8AB|||||||||| |'Bankers||||HSBC|||||||||| |||||75 Llandennis
Road|||||||||| |||||Cardiff|||||||||| |||||CF236EE|||||||||| |||||CAF Bank Ltd|||||||||| |||||25 Kings Hill Avenue|||||||||| |||||-18-|||||||||| ## |||Kings Hill|| |---|---|---|---| |||West Mailing|| |||MEf94TA|| |Solicitors||Hugh James|| |||Two Central|Sqaure| |||Cardiff|| |||CF101FS|| |||Geldards|| |||4 Capital Quarter|| |||Tyndall Street|| |||Cardiff|| |||CF104BZ|| |||Darwin
Gray|| |||9Cathedral|Road| |||Pontcanna|| |||Cardiff|| |||CF11 9HA|| |Investment|Advisors|RBC Brewin|Doplhin| |||2 Central Square|| |||Cardiff|| |||CF101FS|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||As restated||As restated| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| ||||funds|funds||funds|funds|| ||||2023|2023|2023|2022|2022|2022| |||Notes|||5|6|6|6| |Income and end||en|f|||||| |Donations and||||||||| |legacies|||4,152|5,058|9,210|18,435||18,435| |Charitable
activities|||321,835|1,210,340|1,532,175|325,825|987,659|1,313,484| |Investments|||16,399||16,399|13,051||13,051| |Other income|||40,000||40,000|||| |Total income|||382,386|1,215,398|1,597,784|357,311|987,659|1,344,970| |Exgaudituragn;||||||||| |Charitable
activities||8|406,252|1,175,776|1,582,028|437,382|1,035,024|1,472,406| |Other|||14,325||14,325|||| |Total expenditure|||420,577|1,175,776|1,596,353|437,382|1,035,024|1,472,406| |Net gains/(losses)||on||||||| |investments||14|(28,440)||(28,440)|19,415||19,415| |Net (outgoing)/incoming||||||||| |resources before||||||||| |transfers|||(66,631)|39,622|(27,009)|(60,656)|(47,365)|(108,021)| |Gross transfers||||||||| |between funds|||9,192|(9,192)||469|(469)|| |Net (outgoing)/incoming||||||||| |resources|||(57,439)|30,430|(27,009)|(60,187)|(47,834)|(108,021)| |Other recognised||gains and losses||||||| |Actuarial
gain on||||||||| |defined benefit||||||||| |pension schemes|||2,074,000||2,074,000|920,000||920,000| |Net movement|in|funds|2,016,561|30,430|2,046,991|859,813|(47,834)|811,979| |Fund balances|at 1 April|||||||| |2022|||(410,254)|27,988|(382,266)|(1,270,067)|75,822|(1,194,245)| |Fund balances|at|31||||||| |March 2023|||1,606,307|58,418|1,664,725|(410,254)|27,988|(382,266)| ## ## ## ## ## ## |||||2023||2022| |---|---|---|---|---|---|---| |||||||As restated| ||||Notes|||6| |Fixed assets||||||| |Tangible assets|||15||6,825|10,042| |Investments|||16||371,621|401,237| ||||||378,446|411,279| |Current assets||||||| |Debtors|||17|113,667||113,608| |Cash at bank and in hand||||363,408||287,272| |||||477,075||400,880| |Creditors: amounts||falling due|within|||| |one year|||18|(144,562)||(109,286)| |Net current assets|||||332,493|291,594| |Total assets less current liabilities|||||710,939|702,873| |Creditors: amounts||falling due|after|||| |more than one year|||20||(41,214)|(57,139)| |Net assets excluding||pension|surplus/(deficit)||669,725|645,734| |De6ned benefit pension surplus/||||||| |(deficit)|||22||995,000|(1,028,000)| |Net assets/(liabilities)|||||1,664,725|(382,266)| |Income funds||||||| |Restricted funds|||23||58,418|27,988| |llazatggteU9006||||||| |General unrestricted|funds|||611,307||617,746| |Pension reserve||||995,000||(1,028,000)| ||||||1,606,307|(410,254)| ||||||1,664,725|(382,266)| ## ## ## ## ## ## |||||2023||2022|| |---|---|---|---|---|---|---|---| ||||Notes|8|||| |Cash flows from operating||activities|||||| |Cash generated
from operations|||28||62,678||4,810| |Investing|activities||||||| |Purchase|oftangible fixed assets|||||(7,993)|| |Purchase|of investinents|||(141,628)||(51,868)|| |Proceeds|on disposal of investments|||142,804||54,549|| |Investment|income received|||16,399||13,051|| |Net cash|generated
from investing||||||| |activities|||||17,575||7,739| |Financing|activities||||||| |Repayment|of borrowings|||(4,117)||(840)|| |Net cash|used in financing|activities|||(4,117)||(840)| |Net Increase
In cash and cash equivalents|||||76,136||11,709| |Cash and|cash equivalents|at beginning|ofyear||287,272||275,563| |Cash and|cash equivalents|at end of|year||363,408||287,272| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||IL
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Cg.|| ## ## ## |||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---| |||||||||2|8| ||Welsh Government-|||Core grant||||744,700|680,000| ||Welsh Government||-|Children's|Act|||40,566|97,358| ||Welsh Government-|||Parent Participation||||31,047|| ||Voices from Care|||||||57,034|67,224| ||Welsh Government-|||Price of Pupil Poverty Programme||||69,175|63,836| ||WCVA|||||||3,501|| ||The Young Foundation|||||||8,000|| ||British Youth Council|||||||10,000|| ||Welsh Government-|||Young Carem||||6,118|14,000| ||Welsh Government||-|SSSG||||10,000|| ||Welsh Government-||Additional||Learning|Needs Grant||179,164|| ||Various Placement||Grants I Kickstart Scheme|||||18,423|3,386| ||Welsh Government-|||Third Sector Voter||Registration|Support Grant|9,000|9,000| ||National
Museum|Cardiif||||||2,500|| ||Welsh Government||-|NYSG||||13,500|| ||Welsh Government||-|Informal|use ofWelsh|||24,034|| ||Equality and Human||Rights Commission|||||3,000|| ||WCVA- Volunteering|||Wales|||||19,987| ||Other||||||||19,586| |||||||||1,229,762|870,459| |5|Investments||||||||| |||||||||Unrestricted|Unrestricted| |||||||||funds|funds| |||||||||2023|2022| |||||||||5|| ||income from listed|investments||||||15,768|12,736| ||Interest receivable|||||||631|315| |||||||||16,399|13,051| |7|Other income||||||||| |||||||||Unrestricted|Total| |||||||||funds|| |||||||||2023|2022| |||||||||5|5| ||Other income|||||||40,000|| |||||||||CO
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8|| ## ## ## ## |||||||Unrestricted|Unrestricted|Total| |---|---|---|---|---|---|---|---|---| ||||||||funds|| ||||||||2023|2022| ||||||||6|2| |Legal &professional||fees|||||14,325|| |Support costs||||||||| ||||Support|Governance|2023|Support|Governance|2022| ||||costs|costs||costs|costs|| ||||8||6||6|6| |Depreciation|||3,217||3,217|3,176||3,176| |Insurance|||7,458||7,458|5,458||5,458| |Repairs &renewals|||4,569||4,569|7,162||7,162| |Travel &subsistence|||26,766||26,766|15,630||15,630| |Communication|||52,915||52,915|78,127||78,127| |Rent|||43,117||43,117|46,770||46,770| |Other premises costs|||32,094||32,094|23,862||23,862| |Bank charges/bad|debts||26,818||26,818|36,293||36,293| |Irrecoverable
VAT|||19,315||19,315|28,896||28,896| |Audit fees||||10,755|10,755||13,809|13,809| |Legal and professional||||3,213|3,213||3,665|3,665| |Trustees expenses||||26|26||134|134| ||||216,269|13,994|230,263|245,374|17,608|262,982| |Analysed
between||||||||| |Charitable
activities|||216,269|13,994|230,263|245,374|17,608|262,982| |Net movement
in funds|Net movement
in funds|||2023|2022| |---|---|---|---|---|---| ||||||8| |Net movement|in funds is stated|after charging/(crediting)|||| |Fees payable|to the company's|auditor for the audit ofthe company's|financial||| |statements||||10,755|13,809| |Depreciation|ofowned tangible|fixed assets||3,217|3,176| ## ## ## ## ## |||2023|2022| |---|---|---|---| |||Number|Number| |Employees||29|26| |Employment|costs||As restated| |||2023|2022| |||E|6| |Wages and salaries||777,760|692,780| |Social security costs||73,256|64,729| |Other pension costs||216,517|349,949| |||1,067,533|1,107,458| ## ## ## |15|Tangible fixed assets|Tangible fixed assets|||||| |---|---|---|---|---|---|---|---| |||||Office|Furnitum|Computers|Total| |||||equipment|||| |||||6|6|8|6| ||Cost||||||| ||At 1 April 2022|||10,297|924|7,384|18,605| ||At 31 March|2023||10,297|924|7,384|18,605| ||Depreciation|and impairment|||||| ||At 1 April 2022|||2,725|554|5,284|8,563| ||Depreciation|charged|in the year|2,528|139|550|3,217| ||At 31 March|2023||5,253|693|5,834|11,780| ||Carrying amount||||||| ||At 31 March|2023||5,044|231|1,550|6,825| ||At 31 March|2022||7,573|369|2,100|10,042| |16|Fixed asset|investments|||||| ||||||Listed|Cash in|Total| |||||investments||portfolio|| ||Cost or valuation||||||| ||At 1 April 2022||||399,390|1,847|401,237| ||Additions||||141,628||141,628| ||Valuation changes||||(28,440)||(28,440)| ||Cash movement|||||4,792|4,792| ||Disposals||||(147,596)||(147,596)| ||At 31 March|2023|||364,982|6,639|371,621| ||Carrying
amount||||||| ||At 31 March|2023|||364,982|6,639|371,621| ||At 31 March|2022|||399,390|1,847|401,237| |17|Debtors||||| |---|---|---|---|---|---| |||||2023|2022| ||Amounts|falling due within one year:||6|6| ||Trade debtors|||95,923|86,563| ||Prepayments||and accrued income|17,744|27,045| |||||113,667|113,608| ## ## |18|Creditors: amounts|Creditors: amounts|falling due|falling due|within one year|||As restated| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| |||||||Notes|6|6| ||Borrowings||||||5,906|4,607| ||Other taxation and social|||security|||9,884|5,859| ||Deferred income|||||19|38,131|12,347| ||Trade creditors||||||53,121|38,120| ||Other creditors||||||14,302|10,509| ||Accruals||||||23,238|37,844| ||||||||144,582|109,286| |19|Deferred income|||||||| ||||||||2023|2022| ||||||||6|6| ||Adsing from government|||grants||||977| ||Arising from membership,|||training|and contract|||| ||income||||||38,131|11,370| ||||||||38,131|12,347| ||Movements
in the year:|||||||| ||Balance brought|forward|||||12,347|1,617| ||Income received||||||319,464|209.856| ||Income released||||||(293,680)|(199,126)| ||Balance carried forward||||||38,131|12,347| |20|Creditors: amounts||falling due||after more than one year|||As restated| ||||||||2023|2022| ||||||||6|| ||Borrowings||||||20,195|25,611| ||Other creditors||||||21,019|31,528| ||||||||41,214|57,139| ## ## ## ## ## ## ## |22|Retirement
benefit|schemes||||||(Continued)| |---|---|---|---|---|---|---|---|---| ||Key assumptions|||||||| ||||||||2023|2022| ||Discount rate||||||4.7|2.70| ||Expected rate ofincrease ofpensions||||in payment||2.7|3.00| ||Expected rate ofsalary increases||||||3.7|4.00| ||Mortality assumptions|||||||| ||The assumed
life expectations||on retirement|||at age 65are:||| ||||||||2023|2022| ||||||||Years|Years| ||Retiring today|||||||| ||- Males||||||22.6|22.1| ||- Females||||||24.7|24.6| ||Retiring
in 20 years|||||||| ||- Males||||||23.2|23.2| ||- Females||||||25.8|26| ||Amounts
recognised|in the profit and||loss account:||||| ||||||||2023|2022| |||||||||2| ||Current service cost||||||215,000|285,000| ||Net interest on defined benefit liability/(asset)||||||26,000|36,000| ||Other costs and income||||||7,000|53,000| ||Total costs||||||248,000|374,000| ||Amounts
taken to other comprehensive||||income:|||| ||||||||2023|2022| ||||||||6|6| ||Actual return on scheme assets||||||95,000|(504,000)| ||Less: calculated
interest element||||||147,000|101,000| ||Return on scheme assets excluding|||interest||income|242,000|(403,000)| ||Actuarial changes
related to obligations||||||(2,316,000)|(517,000)| ## ## ## ## |The
amounts|included|in|the|balance|sheet|adising|from|the|charity's||| |---|---|---|---|---|---|---|---|---|---|---|---| |obligations
in|respect of defined|||benefit plans are||as follows:|||||| |||||||||||2023|2022| |||||||||||5|| |Present value|of defined benefit|||obligations||||||4,455,000|6,421,000| |Fair value ofplan assets||||||||||(5,450,000)|(5,393,000)| |(Surplus)/deficit|in scheme|||||||||(995,000)|1,028,000| |Movements
in|the present|value||ofdefined|benefit|obligations:|||||| ||||||||||||2023| |Liabilities at 1|April 2022||||||||||6,421,000| |Current service cost|||||||||||215,000| |Past service cost|||||||||||7,000| |Benefits paid|||||||||||(76,000)| |Contdibutions|from scheme||members||||||||31,000| |Actuarial
gains and losses|||||||||||(2,316,000)| |Interest cost|||||||||||173,000| |At 31 March 2023|||||||||||4,455,000| |Movements
in the fair value of plan assets:|||| |---|---|---|---| ||||2023| ||||f.| |Fair value ofassets at 1 April 2022|||5,393,000| |Interest income|||147,000| |Return on plan assets (excluding amounts|included|in net interest)|(242,000)| |Benefits paid|||(76,000)| |Contributions
by the employer|||197,000| |Contributions
by scheme members|||31,000| |At 31 March 2023|||5,450,000| ## ## ## |||||| |---|---|---|---|---| |Retirement|benefit schemes|||IContinued)| |The fair value ofplan assets at the reporting||period end was as follows:||| ||||2023|2022| ||||6|6| |Equity instruments|||3,701,000|3,641,000| |Debt instruments|||1,183,000|1,256,000| |Property|||392,000|372,000| |Cash|||174,000|124,000| ||||5,450,000|5,393,000| ## ## ## ## ## ## ## |28|Cash generated
from|operations|operations||||2023|2022| |---|---|---|---|---|---|---|---|---| ||||||||8|6| ||Surplus for the year||||||(27,009)|(108,021)| ||Adjustments
for:|||||||| ||Investment
income recognised||in statement|offinancial|activities||(16,399)|(13,051)| ||Fair value gains and losses on||investments||||28,440|(19,415)| ||Depreciation
and impairment
oftangible fixed assets||||||3,217|3,176| ||Difference between
pension charge and cash contributions||||||51,000|117,000| ||Movements
in working|capital:||||||| ||(Increase)/decrease
in|debtors|||||(59)|6,668| ||(Decrease)/increase
in|creditors|||||(2,296)|7,723| ||Increase
in deferred
income||||||25,784|10,730| ||Cash generated
from|operations|||||62,678|4,810| |29|Analysis ofchanges|in net funds||||||| |||||||At 1 April 2022|Cash ticwsAt 31Msmh 2023|| |||||||K||6| ||Cash at bank and
in hand|||||287,272|76,136|363,408| ||Loans falling due within|one year||||(4,607)|(1,299)|(5,906)| ||Loans falling due after|more than one year||||(25,611)|5,416|(20,195)| |||||||257,054|80,253|337,307| ## ## ## |30|Custodian|Funds - Edward|Nicholl|Trust|||(Continued)| |---|---|---|---|---|---|---|---| ||Assets held at 31 March||||||| |||||||2023|2022| |||||||6|6| ||Funds held|in the trust bank|account|||25,372|49,595| ||Fair value ofthe investment||portfolio|by investment|managers|1,415,087|1,518,288| ||Total assets|||||1,440,459|1,567,883| ## |Changes to the balance sheet||||| |---|---|---|---|---| |||At|31 March 2022|| |||As previously|AdJustment|As| |||reported||restated| |||6||6| |Creditors due within one year||||| |Other creditors||(75,964)|(10,509)|(86,473)| |Creditors due after one year||||| |Other creditors|||(31,528)|(31,528)| |Net assets||(340,229)|(42,037)|(362,266)| |Capital funds||||| |Restricted funds||120,544|(92,556)|27,988| |Unrestricted
funds|1,3|(460,773)|50,519|(410,254)| |Total equity||(340,229)|(42,037)|(382,266)| ## ## ## |||||||At|31 March 2022|31 March 2022|| |---|---|---|---|---|---|---|---|---|---| |||||||As previously|Adjustment||As| |||||||reported|||restated| |||||||||2|K| |Changes|to the profit and loss account||||||||| |||||||Period ended 31 March||2022|| |||||||As previously|Adjustment|As|restated| |||||||reported|||| |||||||6|||5| |Income from:|||||||||| |Donations||and|legacies|||18,435|||18,435| |Charitable||activities||||1,313,484||1,313,484|| |Investments||||||13,051|||13,051| |||||||1,344,970||1,344,970|| |Expenditure||on:|||||||| |Charitable||activities|||1,2|1,313,369|159,037|1,472,406|| |||||||(1,313,369)|(159,037)|(1,472,406)|| |Net gains|on investments|||||19,415|||19,415| |Income/expenditure||||for the year||51,016|(159,037)||(108,021)| |Actuarial|gain/(loss)|||on defined bene6t pension|||||| |scheme|||||2|803,000|117,000||920,000| |Net movement|||in funds|||854,016|(42,037)||811,979| ## ## ## ## ##