2023-03-31-accounts - Snap Cymru

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		Page
Report ofthe Trustees	1	to	11
Report ofthe Independent Auditors	12	io	13
Statement of Financial Activities		14
Statement of Financial Position		15
Statement of Cash Flows		16
Notes to the Statement ofCash Flows		17
Notes to the Financial Statements	19	to	27

				for the Year E	nded 31stMarch 2	023
							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	6		6	F.
Income and endowments			from
Donations	and legacies				1,634		1,634	2,716
Charitable	activities
Charitable	activity				685,988	233,240	919,228	962,634
Other trading activities					56,077		56,077	46,882
Investment	income				1,373		1,373	63
Total					745,072	233,240	978,312	1,012,295
Expenditure on
Raising funds					285		285	351
Charitable	activities
Charitable	activity				745,473	237,070	982,543	907,788
Total					745,758	237,070	982,828	908,139
NET INCOME/(EXPENDITURE)					(686)	(3,830)	(4,516)	104,156
Reconciliation offunds
Total funds	brought	forward			813,528	13,449	826,977	722,821
Total funds carried		forward			812,842	9,619	822,461	826,977

	Statement o 31st	f Financial Positio March 2023	n
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	8	6	6	F.
Fixed assets
Tangible assets	13	77,908	9,619	87,527	93,507
Current assets
Debtors	14	91,986		91,986	234,503
Cash at bank and in hand		662,843		662,843	521,178
		754,829		754,829	755,681
Creditors
Amounts falling due within one year	15	(19,895)		(19,895)	(22,211)
Net current assets		734,934		734,934	733,470
Total assets less current liabilities		812,842	9,619	822,461	826,977
NET ASSETS		812,842	9,619	822,461	826,977
Funds	17
Unrestricted funds				812,842	813,528
Restricted funds				9,619	13,449
Totalfunds				822,461	826,977

					for the Year Ended 3	1stMarch 2023
						2023	2022
					Notes	6	F.
Cash flows from		operating		activities
Cash generated	from operations					144,153	~38,439)
Net cash provided		by/(used		in) operating	activities	144,153	38,439
Cash flows from		investing		activities
Purchase oftangible fixed assets						(3,861)	(4,457)
Interest received						1,373	63
Net cash used in		investing	activities			2,488	4 394
Change in cash		and cash		equivalents	in the
reporting period						141,665	(42,833)
Cash and cash	equivalents			at the beginning
ofthe reporting		period				521,178	564,011
Cash and cash	equivalents			at the end	ofthe
reporting period						662,843	521,178

for the	for the	for the	for the	for the	Year Ended 31stMarch 2023
Reconciliation of net (expenditure)/income					to net cash flow from operating	activities
							2023	2022
							6	5
Net (expenditure)/income			for the reporting		period (as per the Statement of
Financial Activities) Adjustments for:							(4,516)	104,156
Depreciation charges							9,842	9,227
Interest received Decrease/(increase) Decrease in creditors		in debtors					(1,373) 142,517 ~2,316	(63) (130,490) ~21,269
Net cash provided	by/(used			in) operations			144,154	38,439
Analysis ofchanges		in	net funds
					At 1.4.22 6		Cash flow f	At 31.3.23 6
Net cash
Cash at bank and in		hand			521,178		141,665	662,843
					521,178		141,665	662,843
Total					521,178		141665	662,843

						2023	2022
						6	6
Donations						1,634	2,716
Other trading	activities
						2023	2022
						6
Shop income						56,077	46,882
Investment income
						2023	2022
Deposit account		interest				1,373	63
Income from	charitable		activities
						2023	2022
				Activity			6
Local Authority		Grants		Charitable	activity	651,512	646,735
Families First				Charitable	activity	105,000	100,000
Small grants -	received		in year	Charitable	activity	3,600	3,311
Welsh Government				Charitable	activity	128,240	123,310
Children in Wales				Charitable	activity		79,021
Other income				Charitable	activity	826	757
Training income				Charitable	activity	30,050	9,500
						919,228	962,634

Raising funds
Other trading	activities
				2023	2022
				6
Fundraising costs				285	351
Charitable activities costs
				Support
			Direct	costs (see
			Costs 6	note 8) 6	Totalsf
Charitable activity			784,164	198,379	982,543
Support costs
				Governance
			Management	costs	Totals
			Z		6
Charitable activity			189,726	8653	198,379
Net income/(expenditure)
Net income/(expenditure)		is stated alter charging/(crediting):
				2023	2022
				6
The auditing ofaccounts		ofany associate ofthe charity		7,636	6,450
Other non-audit	services			995	795
Depreciation -	owned assets			9,841	9,227
Other operating	leases			1,189	1,374

Staff costs
					2023	2022
					6	6
Wages and	salaries				700,492	649,446
Social security costs					55,543	48,679
Other pension		costs			13,803	12,474
					769,838	710,599
The average		monthly	number ofemployees	during the year was as follows:
					2023	2022
Charitable	activities				28	26
Administration					4	5
					32	31

management personnel are consid	management personnel are consid	ered to be4 individuals who dir	ectly impact on the strateg	ic direction ofthe	Charity.
Com paratives for the statement		offinancial activities
			Unrestricted	Restricted	Total
			funds	funds	funds
			6	6	6
Income and endowments	from
Donations and legacies			2,716		2,716
Charitable activities
Charitable activity			660,303	302,331	962,634
Other trading activities			46,882		46,882
Investment income			63		63
Total			709,964	302,331	1,012,295
Expenditure on
Raising funds			351		351
Charitable activities
Charitable activiiy			601,628	306,160	907,788
Total			601,979	306,160	908,139
NET INCOME/(EXPENDITURE)			107,985	(3,829)	104,156
Reconciliation offunds
Total funds brought forward			705,542	17,279	722,821
Total funds carried forward			813,527	13,450	826,977

Tangible fixed asse	ts
		Fixtures
	Freehold	and	Motor	Computer
	property	fittings	vehicles	equipment	Totals
	E	E	E	E	E
Cost
At 1st April 2022	76,475	8,496	8,575	44,739	138,285
Additions				3,861	3,861
At 31st March 2023	76,475	8,496	8,575	48,600	142,146
Depreciation
At 1st April 2022	9,177	8,496	4,716	22,389	44,778
Charge for year	1,530		1,715	6,596	9,841
At 31st March 2023	10,707	8,496	6,431	28,985	54,619
Net book value
At 31st March 2023	65,768		2,144	19,615	87 527
At 31st March 2022	67,298		3,859	22,350	93,507
Debtors
				2023	2022
				Z	E
Amounts falling due within one year:
Trade debtors				75,071	220,443
Other debtors				1,668	1,668
VAT				100	100
Prepayments				13,896	9,373
				90,735	231,584
Amounts falling due after more than one year.
Other debtors				1,251	2,919
Aggregate amounts				91,986	234,503
Creditors: amounts	falling due within one year
				2023	2022
				Z
Trade creditors				5,416	6,702
Social security and other taxes				221	221
Other creditors				2,988	5,512
Accruals and deferred income				11,270	9,776
				19,895	22,211

Minimum lease	p	ayme	nts	under non-canc	ellabl	e operating leases fall due as follows:
							2023	2022
							8	6
Within one year							47,200	47,044
Between one and five			years				25,783	53,932
							72,983	100,976
Total operating	leases		treated as an expense			in the year totalled f47,366(2022:843,202).
Movement in funds
							Net
							movement	At
						At 1.4.22	in funds	31.3.23
						8	8	6
Unrestricted funds
General fund						513,528	(686)	512,842
Designated						300,000		300,000
						813,528	(686)	812,842
Restricted funds
Pen y Cymoedd		Wind	Farm Community		Fund
CIC						1,029	(334)	695
Citizens Advice	Covid-19 Grant					774	(235)	539
Voluntary Action		Merthyr		Covid Grant		1,162	(351)	811
AVOW - Comic	Relief		Voluntary Services
Emergency Fund						323	(92)	231
Glamorgan Voluntary			Services			3,691	(1,030)	2,661
SCVS Third Sector Integrated Care Fund						2,335	(652)	1,683
Bavo (Bridgend) NPTCVS - Third		Third Sector Covid Grant Sector Integrated Care Fund				1,200 2,935	(335) ~801)	865 2,134
						13,449	3,830	9,619
TOTAL FUNDS						826,977		822,461

Net movement in fund	s, indude	d	in	the a	bove are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						8
Unrestricted funds
General fund						745,072	(745,758)	(686)
Restricted funds
Families First						105,000	(105,000)
Welsh Government						128,240	(128,240)
Pen y Cymoedd Wind	Farm Community				Fund
CIC							(334)	(334)
Citizens Advice Covid-19 Grant							(235)	(235)
Voluntary Action Merthyr Covid			Grant				(351)	(351)
AVOW —Comic Relief	Voluntary		Services
Emergency Fund							(92)	(92)
Glamorgan Voluntary	Services						(1,030)	(1,030)
SCVS Third Sector Integrated		Care		Fund			(652)	(652)
Bavo (Bridgend) Third Sector Covid NPTCVS - Third Sector Integrated				Grant Care Fund			(335) ~801)	(335) ~801)
						233,240	~237,070'	3,830
TOTAL FUNDS						978,312	~982,828)

Comparatives	for movement	for movement	for movement		in funds
								Net
								movement	At
							At 1.4.21	in funds	31.3.22
							E		E
Unrestricted funds
General fund							405,542	107,986	513,528
Designated							300,000		300,000
							705,542	107,986	813,528
Restricted funds
Pen y Cymoedd		Wind	Farm Community			Fund
CIC							1,363	(334)	1,029
Citizens Advice	Covid-1 9Grant						1,009	(235)	774
Voluntary Action		Merthyr Covid			Grant		1,513	(351)	1,162
AVOW - Comic	Relief		Voluntary		Services
Emergency Fund							415	(92)	323
Glamorgan Voluntary			Services				4,721	(1,030)	3,691
SCVS Third Sector Integrated				Care Fund			2,987	(652)	2,335
Bavo (Bridgend) NPTCVS - Third		Third Sector Covid Grant Sector Integrated Care Fund					1,535 3,736	(335) ~801)	1,200 2,935
							17,279	3,830	13,449
TOTALFUNDS							722,821	104,156	826,977

Comparative net move	ment in	f	unds	, incl	uded in the above	are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						F	E
Unrestricted funds
General fund						709,964	(601,978)	107,986
Restricted funds
Families First						100,000	(100,000)
Welsh Government						123,310	(123,310)
Pen y Cymoedd Wind	Farm Community				Fund
CIC							(334)	(334)
Citizens Advice Covid-19 Grant							(235)	(235)
Voluntary Action Merthyr Covid			Grant				(351)	(351)
AVOW - Comic Relief	Voluntary		Services
Emergency Fund							(92)	(92)
Glamorgan Voluntary Services SCVS Third Sector Integrated		Care		Fund			(1,030) (652)	(1,030) (652)
Bavo (Bridgend) Third	Sector Covid			Grant			(335)	(335)
NPTCVS —Third Sector Integrated Children In Wales				Care	Fund	79,021	(801) ~29,02))	(801)
						302331	~309,)8))	~3.830)
TOTALFUNDS