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