|||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| ## ## ## ## ## ## ## ## ## ##