2021-03-31-accounts

		Page
Report ofthe Trustees	1	to	14
Report ofthe Independent Auditors	15	to	17
Statement ofFinancial Activities		18
Statement ofFinancial Position
Statement ofCash Flows		20
Notes to the Statement ofCash Flows		21
Notes tothe Financial Statements	22	to	30

			for the Year End	ed 31stMarch 2	021
						2021	2020
				Unrestricted	Restn'cted	Total	Total
				funds	funds	funds	funds
			Notes	6
Income and endowments		from
Donations and legacies			2	2,172		2,172	4,710
Charitable activities			5
Chantable activity				638,651	276,391	915,042	796,706
Other trading activities				26,618		26,618	35,180
Investment income				531		531	1,534
Total				667,972	276,391	944,363	838,130
Expenditure on
Raising funds				266		266	266
Charitable activities
Charitable activity				559,016	260,207	819,223	762,851
Total				559,281	260,207	819,489	763,117
NET INCOME				108,690	16,184	124,874	75,013
Transfers between funds			17	~1,095	1,095
Net movement in funds				107,595	17,279	124,874	75,013
Reconciliation offunds
Total funds brought	forward			597,947		597,947	522,934
Total funds carried forward				705,542	17,279	722,821	597,947

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6		8	5
Fixed assets
Tangible assets		13	81,000	17,279	98,279	83,336
Current assets
Debtors		14	104,013		104,013	77,171
Cash at bank	and in hand		564,010		564,010	475,433
			668,023		668,023	552,604
Creditors
Amounts falhng due within one year		15	(43,481)		(43,481)	(37,993)
Net current	assets		624,542		624,542	514,611
Total assets	less current liabilities		705,542	17,279	722,821	597,947
NET ASSETS			705,542	17,279	722,821	597,947
Funds		17
Unrestricted	funds				705,542	597,947
Restricted funds					17,279
Total funds					722,821	597,947

					SNAP Cymru
					Statement ofCash Flows
				for	the Year Ended 31stMarch	2021
						2021	2020
					Notes	6
Cash flows from operafing		activities
Cash generated from	operations				1	109,890	43,458
Net cash provided by	operabng		activities			109,890	43,458
Cash flows from investing		activities
Purchase oftangible	fixed assets					(21,844)	(13,599)
Sale oftangible fixed	assets						5,600
Interest received						531	1,534
Net cash used in investing activities						~21,313)	6,465
Change in cash and	cash	equivalents		in
the reporbng period						88,577	36,993
Cash and cash equivalents		at	the
beginning ofthe reporting		period				475,433	438,440
Cash and cash equivalents		at	the end	of
the reporting period						564,010	475,433

				Notes to the Statement ofCas for the Year Ended 31stMarch	h Flows 2021
	Reconciliation ofnet income			to net cash flow from operating	activities
						2021	2020
						6
	Net income	for the reporting		period (as per the Statement of	Financial
	Activities)					124,874	75,013
	Adjustments	for:
	Depreciation	charges				6,901	4,023
	Interest received					(531)	(1,534)
	Increase in debtors Increase/(decrease)		in creditors			(26,842) 5,488	(31,762) ~2,282
	Net cash provided by operations					109,890	43,458
2.	Analysis of	changes	in net funds
					At 1.4.20	Cash flow	At 31.3.21
						6	6
	Net cash
	Cash at bank	and in	hand		475,433	88,577	564,010
					475,433	88,577	564,010
	Total				475,433	88,577	564,010

Donations	an	d legacies
			2021	2020
			E	E
Donations			2,172	4,710
Other trading		activities
			2021	2020
				E
Fundraising	events		50	600
Shop income			22,563	34,086
Other Income			4,005	494
			26,618	35,180
Investment	income
			2021	2020
			E	E
Deposit account interest			531	1,534

	Income from c	haritable	activities
						2021	2020
			Activity			6	6
	Local Authority	Grants	Charitable	activity		624,222	624,386
	Families First		Charitable	activity		100,000	81,269
	Small grants - received		in
	year		Charitable	activity		53,079	3,621
	Coronavirus job retention
	scheme		Charitable	activity		3,510
	Welsh Government		Charitable	activity		123,312	66,702
	Other income		Charitable	adivity		540	774
	Training income		Charitable	activity		10,379	19,954
						915,042	796,706
6.	Raising funds
	Other trading activities
						2021	2020
						8	f
	Fundrai sing costs					266	266
7.	Charitable activities costs
						Support
					Direct	costs (see
					Costs	note 8)	Totals
					6		6
	Charitable activity				683,120	136,103	819,223
8.	Support costs
						Governance
					Management 6	costs 6	Totals f
	Charitable activity				129,216	6,887	136,103
9.	Net income/(expenditure)
	Net income/(expenditure)		is stated after charging/(crediting).
						2021	2020
							6
	The auditing of	acoounts	ofany associate	ofthe charity		6,013	5,953
	Other non-audit	services				720	720
	Depreciation - owned assets					6,901	4,023
	Other operating	leases				1,659	3,069

During the ye Staff costs	ar trustee	s we	re rei	mbur	sed for travel expe	nse	s off1	54	(2020: 51,1	09).
										2021	2020
										6	9
Wages and salaries										584,297	498,684
Social security	costs									42,730	36,197
Other pension	costs									11,457	9,985
										638,484	544,866
The average monthly		number of		employees during the year			was as follows:
										2021	2020
Charitable activities										25	23
Administration										4	3
										29	26
No employees	received emoluments				in excess of660,000.
During the year a total of			5106,629		(2020: F106,098)	was paid		by	the charity	in relation to key management
saladies. Key	management		are delined as those individuals				with an	input on the strategic direction ofthe charity
Also included	within wages		and salaries are redundancy			costs totalling			ENil (2020:51,034).
Comparatives	for the statement			of	financial activities
								Unrestrf cted		Restricted	Total
									funds	funds	funds
									6	E	E
Income and endowments			from
Donations and legacies									4,710		4,710
Charitable activities
Charitable activity									648,735	147,971	796,706
Other trading	activities								35,180		35,180
Investment income									1,534		1,534
Total									690,159	147,971	838,130
Expenditure	on
Raising funds									266		266
Charitable activities
Charitable acbvity									614,880	147,971	762,851
Total									615,146	147,971	763,117
NET INCOME									75,013		75,013

12.	Comparatives	for t	h	e stateme	nt offinancial act	ivities -contin	ued
							Unrestricted	Restricted	Total
							funds	funds	funds
							6	6
	Reconciliagon	offunds
	Total funds brought			forward			522,934		522,934
	Total funds carried			forward			597,947		597,947
13.	Tangible fixed	assets
						Fixtures
					Freehold	and	Motor	Computer
					property	fiMngs	vehicles	equipment	Totals
					6	6	F.	6	6
	Cost
	At 1stApril 2020				76,475	8,496	8,575	18,440	111,986
	Additions							21,844	21,844
	At 31st March 2021				76,475	8,496	8,575	40,284	133,830
	Depreciation
	At 1st April 2020				6,118	8,496	1,286	12,750	28,650
	Charge for year				1,530		1,715	3,656	6,901
	At 31st March 2021				7,648	8,496	3,001	16,406	35,551
	Net book value
	At 31st March 2021				68,827		5,574	23,878	98,279
	At 31st March 2020				70,357		7,289	5,690	83,336
14.	Debtors: amounts		falling due		within one year
								2021 f	2020
	Trade debtors							95,569	67,996
	VAT							100	100
	Prepayments							8,344	9,075
								104,013	77,171

						2021 5	2020 f
Trade creditors						2,675	10,189
Social security and other			taxes			7,874	10,908
Other creditors						5,531	8,556
Accruals	and deferred income					27,401	8,340
						43,481	37,993
Induded	within accruals		and deferred		income:
Deferred	income	brought	forward
Amounts	released	to incoming		resources
Amounts	deferred	in the	year				18,814
Deferred	income	cerned	forward				18,814

Movement in funds	Movement in funds
								Net	Transfers
								movement	between	At
							At 1.4.20	in funds	funds	31.3.21
							5	6		6
Unrestricted funds
General fund							297,947	108,690	(1,095)	405,542
Designated							300,000			300,000
							597,947	108,690	(1,095)	705,542
Restricted funds
Pen y Cymoedd Fund CIC	Wind	Farm Community						1,195	168	1,363
Citizens Advice Covid-19 Grant								1,009		1,009
Voluntary Action	Merthyr		Covid		Grant			1,513		1,513
AVOW - Comic Relief		Voluntary			Services
Emergency Fund								382	33	415
Glamorgan Voluntary		Services						4,390	331	4,721
SCVS Third Sector Integrated				Care Fund				2,912	75	2,987
Bavo (Bndgend)	Third	Sector Covid Grant						1,522	13	1,535
NPTCVS - Third	Sector Integrated					Care
Fund								3,261	475	3,736
								16,164	1,095	17,279
TOTAL FUNDS							597,947	124,874		722,821

							Incoming	Resources	Movement
							resources	expended	in funds
							6	6
Unrestricted funds
General fund							667,972	(559,282)	108,690
Restricted funds
Families First							100,000	(100,000)
Welsh Government							123,312	(123,312)
Steve Morgan Foundation							5,000	(5,000)
Pen y Cymoedd Fund CIC		Wind	Farm Community				12,670	(11,475)	1,195
Citizens Advice	Covid-19			Grant			1,175	(166)	1,009
Voluntary Action		Merthyr		Covid	Grant		2,602	(1,089)	1,513
AVOW —Comic	Relief		Voluntary		Services
Emergency Fund							856	(474)	382
Glamorgan Voluntary			Services				9,069	(4,679)	4,390
SCVS Third Sector Integrated					Care Fund		7,542	(4,630)	2,912
Bavo (Bridgend)		Third	Sector Covid Grant				2,479	(957)	1,522
NPTCVS - Third		Sector Integrated				Care
Fund							6,686	(3,425)	3,261
Swansea Council Fund		- Child		Development			5,000	~5,000)
							276,391	(260,220077)	16,184
TOTAL FUNDS							944,363	~819,489)	124,874
Com paratives	for movement				in	funds
								Net
								movement	At
							At 1.4.19	in funds	31.3.20
							6	6
Unrestricted funds
General fund							222,934	75,013	297,947
Designated							300,000		300,000
							522,934	75,013	597,947
TOTAL FUNDS							522,934	75,013	597,947