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2022-03-30-accounts

REGISTERED COMPANY NUMBER: 02957667 (England and Wales) REGISTERED CHARITY NUMBER: 1040818

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2022

FOR

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

Graham Paul Limited Court House Court Road Bridgend CF31 1BE

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2022

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8 to 9
Notes to the Financial Statements 10 to 24

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES (REGISTERED NUMBER: 02957667)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

For the purpose of this report the organisation is also referred to by its short name of 'Y Bont'.

OBJECTIVES AND ACTIVITIES

Aims and objectives

According to Bridgend and District Resource for Children with Disabilities' Memorandum of Association, the organisation's objectives shall be:

Public benefit

We have referred to the guidance contained in the Charity Commissions' general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

-1-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES (REGISTERED NUMBER: 02957667)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Main Activities for the Year

The primary beneficiaries for our charity continue to be children with a disability, complex medical condition and/or additional need aged 0 - 12 years and their families.

Y Bont is currently registered to support 18 disabled children at any one time (aged 0-4) with the Care Inspector of Wales (CIW). The number of referrals from practitioners and self-referral by parents/carers has remained consistently high resulting in a rising number of disabled children requesting child-care sessions with a total 60 children and families accessing the Y Bont nursery in the year.

Due to successful 5 year funding from The National Lottery Community Fund Y Bont is also registered with the Care Inspector of Wales (CIW) to support 40 disabled children (aged 4-12) at any one time in their Holiday club and Saturday Club. These clubs are currently run from Llangewydd Junior School in line with our CIW registration. The Afterschool club provision falls under our registration of 18 children at any one time, and is held in our main building located on Ewenny Road, Bridgend.

We have responded to increasing pressures from a rising demand from our services by reviewing and refining the way we work to achieve the best outcomes for the children and their families. The passion and dedication of our staff and trustees has been key in all that we have achieved this year and shows just how much Y Bont cares about making a difference.

Our focus remains on providing a high quality learning and play environment which supports the children's individual needs. The support is tailored to respond to each individual child and families needs, from specialised day care to respite and training for parents and carers. During the year we have engaged with more than 120 children and families across a range of services, helping them to increase their confidence and self esteem whilst helping them to reach their full potential.

During the financial year, 78% of our income came from a range of fundraising activities, trusts, grants and donations. Children supported by our service have complex needs due to disabilities or illness with many requiring intensive support and one-to-one care provision.

In September 2021, for the ninth academic year, we supported the local authority education directorate by providing day care placements for 12 children that could not be offered a suitable school place to capacity and placement issues. Y Bont advocate on behalf of the families to ensure that children received an education package consistent with their peers at school, including transport. Through this agreement with the local authority we are able to provide an appropriate environment for the children to learn and play, in preparation for further learning. This supports personal development and ensures that children are not left behind without the early intervention and level of individual attention needed at this key stage of their development.

Staff and organisation

The key management personnel are:-

A wide and varied range of staff training and development was undertaken by all staff to comply with minimum standard, maintain continuing professional development and fulfil Y Bont's commitment to retain a highly skilled and competent workforce.

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BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES (REGISTERED NUMBER: 02957667)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2022

Some of the training was provided by Wales PPA, Children in Wales, National Day Nursery Association, ILM, AMBU, BCBC Childcare Team, Foundation Phase Team & Flying Start.

Partnership Working

At Y Bont we believe that in order to truly meet the needs of the children and families we support it is crucial that we continue to collaborate effectively with key stakeholders at a local, regional and national level. This includes a regular representation at operational and strategic partnership meetings: ASD Strategy Forum; Bridgend Equalities Forum; Flying Start Professionals Group; Regional/Local Health Social Care and Well-Being Groups; Third Sector Strategic Group, and ABMU Stakeholder Reference Group.

Y Bont continues to support families in a range of ways through our purpose-built facilities, offering information, practical social and emotional support.

Effective, robust, multi-agency working is fundamental element of Y Bont's successful delivery model, we work closely with practitioners from Health, Education, Flying Start, Social Services and the voluntary sector to ensure that beneficiaries are given the best service. Y Bont acts as a multi-agency hub and is used by the wider community for meetings with families, and workshops are delivered to help families understand and meet their child's needs, such as toileting and sleep clinic. Due to the current restrictions we were unable to continue our regular Citizen's Advice Bureau surgeries but this is something we will look to re-instate when restrictions start to ease. These sessions allowed the families to access the advice they need while their child attend Y Bont. Surgeries include advice on housing, benefits and debt management and many other issues.

Organisations that we work closely with operationally include Bridgend Carers Centre, Bridgend College, Heronsbridge School, Llangewyyd Junior School, and Educational Psychologists I Cowbridge and Penarth to ease the transition for children to other schools in neighbouring counties

Corporate Sponsors

We are very fortunate to have continued to receive a high level of support from many community and corporate partners. These sponsors provide support through many different means including donations, supply of free goods or services, use of facilities or just promoting the charity generally. These sponsors including, Adidas Bridgend, Alupack Ltd, Asda Bridgend, Barclays Bank, Bridge FM, Coity Castle Pub, CJCH, Co-op- Cowbridge Rotary Club, Freudenberg Oil & Gas Technologies, KJ Herbert, Lions Club, Royal Educare, Sainsburys, Siân Thomas, Daughter & Son Solicitors, South Wales Police, STEER- The Enterprise Academy, Tesco, Tondu Rugby Club, Tondu Wheelers, Watts and Morgan, White Stuff, Wizards of Wales 7s, Zimmer Biomet and many more.

Student Placements

In addition to disabled children and their families, Y Bont's beneficiaries include the volunteers, students and work experience school pupils. Y Bont has previously helped equip local people, comprising individuals from across the Bridgend County Borough including those from the most deprived communities, to progress with career and educational attainments. During 2020-2021 we unfortunately had to put our student placements on hold due to the COVID-19 restrictions and Y Bont limiting visitors in to the provision to keep the services users safe. However, we continued to work with the schools and colleges were possible, and will start back up our student placements when practical.

Events and Trips

Some of this years programme activities included the following: - Zumbini (held online sessions due to restrictions)

-3-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES (REGISTERED NUMBER: 02957667)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2022

Visitors are always welcome at Y Bont and we often receive visits from Capital radio, Bridge FM, and many others during the course of the year.

Y Bont continues to support events organised by BAVO, Bridgend Carer's Centre and Bridgend College to promote our organisation and attract volunteers and supporters. We also held a number of fundraising activities within Y Bont to support other charities including Children In Need and Red Nose Day for Comic Relief.

FINANCIAL REVIEW

Financial position

The charity made a surplus of £12,295 for the period compared to the prior year deficit of £12,267.

During the year the charity's incoming resources increased from £379,125 to £441,978.

Grant income overall at £268,815 was similar in total to the prior year of £246,482.

At the year end the funds of the charity were £417,965 compared to the prior year of £405,040, including £132,575 of unrestricted cash.

Reserves policy

It is the policy of Y Bont to retain an amount equivalent to 12 weeks' operational expenditure in unrestricted reserves. The total net current assets under unrestricted reserves at the year end amounted to £138,640 an amount equivalent to 17 weeks' operational expenditure at the current level of annual expenditure of £429,053. The trustees consider this an acceptable figure but will continue to review both the policy and actual results on a regular basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law. The trustees seek to ensure that the needs of the charity are appropriately reflected through the diversity of its Board. Trustees are recruited via advertising and are interviewed by existing trustees under the charity's recruitment procedures.

Organisational structure

The charity is administered by the Board of Trustees, who meet on a bi-monthly basis. The Memorandum and Articles of Association are the governing documents of the charity. The day to day operations of the charity are delegated to an Operations Manager from July 2019.

Induction and training of new trustees

New trustees will receive an induction pack, a handbook with all the policies and procedures adopted by the Board and an induction.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02957667 (England and Wales)

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BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES (REGISTERED NUMBER: 02957667)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2022

Registered Charity number 1040818

Registered office Y Bont Ewenny Road Bridgend CF31 3HT

Trustees

B Roderick S Stephen A J Minton J Manley J May (resigned 2.12.22)

Independent Examiner

J E Payne ACA ICAEW Graham Paul Limited Court House Court Road Bridgend CF31 1BE

Operations Manager

B Miles

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 14 April 2023 and signed on its behalf by:

B Roderick - Trustee

-5-

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

Independent examiner's report to the trustees of Bridgend and District Resource for Children with Disabilities ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J E Payne ACA ICAEW Graham Paul Limited Court House Court Road Bridgend CF31 1BE

14 April 2023

-6-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 MARCH 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
30,357
Charitable activities
Fees
129,139
Fundraising
13,479
Grants
114,602
Other trading activities
2
155
Investment income
3
33
Total
287,765
EXPENDITURE ON
Raising funds
4
28,776
Charitable activities
5
Core running costs
241,993
Total
270,769
NET INCOME/(EXPENDITURE)
16,996
RECONCILIATION OF FUNDS
Total funds brought forward
278,353
TOTAL FUNDS CARRIED FORWARD
295,349		 Restricted
funds
£
-
-
-
154,213
-
-
154,213
109
158,175
158,284
(4,071)
126,687
122,616		 2022
Total
funds
£
30,357
129,139
13,479
268,815
155
33
441,978
28,885
400,168
429,053
12,925
405,040
417,965		 2021
Total
funds
£
40,791
66,188
8,688
246,482
16,865
111
379,125
12,648
378,744
391,392
(12,267)
417,307
405,040

The notes form part of these financial statements

-7-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES (REGISTERED NUMBER: 02957667)

STATEMENT OF FINANCIAL POSITION 30 MARCH 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
156,709
CURRENT ASSETS
Debtors
13
33,144
Cash at bank
132,575
165,719
CREDITORS
Amounts falling due within one year
14
(27,079)
NET CURRENT ASSETS
138,640
TOTAL ASSETS LESS CURRENT
LIABILITIES
295,349
NET ASSETS
295,349
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
49,050
6
115,178
115,184
(41,618)
73,566
122,616
122,616		 2022
Total
funds
£
205,759
33,150
247,753
280,903
(68,697)
212,206
417,965
417,965
295,349
122,616
417,965		 2021
Total
funds
£
201,742
25,615
216,608
242,223
(38,925)
203,298
405,040
405,040
278,353
126,687
405,040

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

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BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES (REGISTERED NUMBER: 02957667)

STATEMENT OF FINANCIAL POSITION - continued 30 MARCH 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 14 April 2023 and were signed on its behalf by:

B Roderick - Trustee

The notes form part of these financial statements

-9-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Although the charity has received indications that some local government grants will not be renewed in coming financial years, the charity has sufficient financial resources available for the foreseeable future. Accordingly the accounts are prepared on a going concern basis.

The key accounting estimates used in the preparation of the accounts are:

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and legacies are recognised at the point of receipt.

Income from fees, fundraising and trading activities consists of income received in exchange for the supply of goods and services in order to raise funds and is recognised when entitlement has occurred.

Revenue grants credited to unrestricted funds are to be used as the discretion of the directors and trustees in furtherance of the objectives of the charity. Revenue grants credited to restricted funds are to be used for specific purposes as laid down by the donor.

Government grants, such as some local authority grants, for the general support of the charity are credited to income as entitlement occurs. Government grants, such as furlough grants, to compensate for specific costs incurred are credited to income to match costs charged in the same period.

Investment income includes interest received which is recognised on receipt.

No amount is included in the financial statements for volunteer time in line with the SORP.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include governance costs consisting of accountancy, legal and professional fees. They are incurred directly in support of expenditure on the objects of the charity.

continued...

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BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, plus any costs directly attributable to bringing the asset to its working condition for intended use.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Long Leasehold - 1% on cost
Property Improvements - 20% on cost
Plant and Machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company pays into group personal pension plan. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Leasing

Rentals payable under operating leases are included within expenditure over the lease term.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of less than one year.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

continued...

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BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

2.
OTHER TRADING ACTIVITIES
2022
£
Support Pen-Y-Bont
-
Room Hire
155
155
3.
INVESTMENT INCOME
2022
£
Deposit account interest
33
4.
RAISING FUNDS
Raising donations and legacies
2022
£
Advertising
109
Fundraising Expenses
4,166
Support costs
24,610
28,885
Included in the above is £109 of costs relating to restricted funds.
5.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 6)
£
£
Core running costs
338,768
61,400
6.
SUPPORT COSTS
Governance
Management
Finance
costs
£
£
£
Raising donations and legacies
24,610
-
-
Core running costs
54,921
182
6,297
79,531
182
6,297		 2021
£
16,085
780
16,865
2021
£
111
2021
£
-
351
12,297
12,648
Totals
£
400,168		 2021
£
16,085
780		 2021
£
16,085
780
16,865
2021
£
111
2021
£
-
351
12,297		 2021
£
111
12,648
Totals
£
24,610
61,400
86,010

continued...

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BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

6. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Raising
donations
and
legacies
£
Wages
21,930
Social security
1,803
Pensions
877
Bank charges
-
Accountancy fees
-
Legal fees
-
Payroll fees
-
24,610		 Core
running
costs
£
49,794
4,434
693
182
3,570
375
2,352
61,400		 2022
Total
activities
£
71,724
6,237
1,570
182
3,570
375
2,352
86,010		 2021
Total
activities
£
57,023
4,838
1,719
139
2,599
412
3,064
69,794

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Depreciation - owned assets 29,380 28,961
Independent Examination Fee (including VAT) 3,570 2,598
Independent Examiner other services (including VAT) 2,352 3,084
Operating lease rentals 1,014 485
Government grants (4,272) (54,266)
Local government support grants (144,295) (36,325)

Local government grants consist of various grants from local authorities and the Welsh government to support both the general running of the charity and specific projects as summarised in note 16.

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 March 2022 nor for the year ended 30 March 2021.

Related Party Transactions

During the year the charity hired facilities at STEER Academy, a company owned and managed by a relative of the Operations manager. No charges were received in the period for this service.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 March 2022 nor for the year ended 30 March 2021.

continued...

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BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

9. STAFF

The key management personnel of the charity comprise of the trustees, Operations Manager, Business & Finance Manager, Childcare & Learning Co-ordinator and the Children's Outreach Worker. The total employee benefits (including salary, employers national insurance, pension and benefits in kind) of the key management personnel of the charity were £104,515 (2021: £98,564).

Total staff costs, before offset of furlough grants, comprise:

2022 2021
£ £
Gross wages and salaries 295,252 281,963
Employers' National Insurance 15,442 10,728
Employers' pension contributions 8,997 8,441
Total 319,691 301,132

No individual earned more than £60,000 in the period (2021: None).

The average number of employees during the year was 25 (2021: 24).

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
40,791
Charitable activities
Fees
66,188
Fundraising
8,688
Grants
90,591
Other trading activities
16,865
Investment income
111
Total
223,234
EXPENDITURE ON
Raising funds
12,648
Charitable activities
Core running costs
223,540
Total
236,188
NET INCOME/(EXPENDITURE)
(12,954)
RECONCILIATION OF FUNDS
Total funds brought forward
291,307		 Restricted
funds
£
-
-
-
155,891
-
-
155,891
-
155,204
155,204
687
126,000		 Total
funds
£
40,791
66,188
8,688
246,482
16,865
111
379,125
12,648
378,744
391,392
(12,267)
417,307

continued...

-14-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
fund
£
TOTAL FUNDS CARRIED FORWARD
278,353		 Restricted
funds
£
126,687		 Total
funds
£
405,040

11. EXCEPTIONAL INCOME

Included within unrestricted grants from local government is the amount of £25,835 which had not been recognised as income in prior years as recovery was uncertain, but was received in the year to 30 March 2022.

12. TANGIBLE FIXED ASSETS

COST
At 31 March 2021
Additions
At 30 March 2022
DEPRECIATION
At 31 March 2021
Charge for year
At 30 March 2022
NET BOOK VALUE
At 30 March 2022
At 30 March 2021		 Improvements
Long
to
leasehold
property
£
£
170,000
70,987
-
26,755
170,000
97,742
40,100
33,322
1,700
14,643
41,800
47,965
128,200
49,777
129,900
37,665		 Plant and
machinery
£
20,320
2,231
22,551
11,024
3,727
14,751
7,800
9,296

continued...

-15-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

12. TANGIBLE FIXED ASSETS - continued

Fixtures
and
fittings
£
COST
At 31 March 2021
36,109
Additions
2,964
At 30 March 2022
39,073
DEPRECIATION
At 31 March 2021
17,051
Charge for year
6,465
At 30 March 2022
23,516
NET BOOK VALUE
At 30 March 2022
15,557
At 30 March 2021
19,058
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 Computer
equipment
£
24,755
1,447
26,202
18,932
2,845
21,777
4,425
5,823
2022
£
30,835
-
2,315
33,150
2022
£
569
-
64,068
4,060
68,697		 Totals
£
322,171
33,397		 Totals
£
322,171
33,397
355,568
120,429
29,380
149,809
205,759
201,742
2021
£
13,415
3,806
8,394
25,615
2021
£
378
4,826
25,413
8,308
38,925

Included within other creditors is an amount of £60,023 (2021: £22,705) relating to monies received for grants where potential overclaims have been made.

continued...

-16-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2022
£
907
2,485
3,392		 2021
£
907
3,402
4,309

Lease payments recognised as an expense during the year were £1,014 (2021: £485).

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Big Lottery
Back Garden Fund
Playroom Capital
Children in Need
Sustainability - BCBC
Bavo General Funds
Pigatelli
ICF Large Grant
Community Foundation Wales
Western Bay
CAF Tourle
BAVO Healthy Minds
BCBC Eary Years
GMSN
Development - BCBC
Coafields Regeneration
ICF Small Grant
BCBC Combined funds
Welsh Government Childcare Capital
TOTAL FUNDS		 At
31.3.21
£
278,353
51,937
34,374
24,097
8,123
(3,540)
3,358
2,500
1,340
978
804
491
480
400
474
395
238
238
-
-
126,687
405,040		 Net
movement
in funds
£
16,996
2,215
(12,761)
(7,759)
1,894
3,540
-
(2,500)
(670)
(273)
(311)
(422)
(121)
-
(474)
(389)
(179)
(179)
4,484
9,834
(4,071)
12,925		 At
30.3.22
£
295,349
54,152
21,613
16,338
10,017
-
3,358
-
670
705
493
69
359
400
-
6
59
59
4,484
9,834
122,616
417,965

continued...

-17-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Big Lottery
Back Garden Fund
Playroom Capital
Children in Need
Sustainability - BCBC
Pigatelli
ICF Large Grant
Community Foundation Wales
Western Bay
CAF Tourle
BAVO Healthy Minds
GMSN
Development - BCBC
Coafields Regeneration
ICF Small Grant
BCBC Combined funds
BAVO Carers Respite Fund
Welsh Government Childcare Capital
TOTAL FUNDS		 Incoming
resources
£
287,765
91,662
-
-
30,062
3,750
-
-
2,799
-
-
-
-
-
-
-
6,160
9,780
10,000
154,213
441,978		 Resources
Movement
expended
in funds
£
£
(270,769)
16,996
(89,447)
2,215
(12,761)
(12,761)
(7,759)
(7,759)
(28,168)
1,894
(210)
3,540
(2,500)
(2,500)
(670)
(670)
(3,072)
(273)
(311)
(311)
(422)
(422)
(121)
(121)
(474)
(474)
(389)
(389)
(179)
(179)
(179)
(179)
(1,676)
4,484
(9,780)
-
(166)
9,834
(158,284)
(4,071)
(429,053)
12,925

continued...

-18-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Big Lottery
Back Garden Fund
Playroom Capital
Children in Need
Sustainability - BCBC
Bavo General Funds
Pigatelli
ICF Large Grant
Community Foundation Wales
Western Bay
CAF Tourle
BAVO Healthy Minds
BCBC Eary Years
GMSN
Development - BCBC
Coafields Regeneration
ICF Small Grant
Welsh Church Act
TOTAL FUNDS		 At
31.3.20
£
291,307
29,224
46,563
31,854
5,897
-
3,358
-
2,010
-
1,115
913
-
400
2,372
1,126
417
417
334
126,000
417,307		 Net
movement
in funds
£
(12,954)
22,713
(12,189)
(7,757)
2,226
(3,540)
-
2,500
(670)
978
(311)
(422)
480
-
(1,898)
(731)
(179)
(179)
(334)
687
(12,267)		 At
30.3.21
£
278,353
51,937
34,374
24,097
8,123
(3,540)
3,358
2,500
1,340
978
804
491
480
400
474
395
238
238
-
126,687
405,040

continued...

-19-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Big Lottery
Back Garden Fund
Playroom Capital
Children in Need
Sustainability - BCBC
Pigatelli
ICF Large Grant
Community Foundation Wales
Western Bay
CAF Tourle
BAVO Healthy Minds
GMSN
Development - BCBC
Coafields Regeneration
ICF Small Grant
Welsh Church Act
Moondance
SJP Foundation
EYPD
TOTAL FUNDS		 Incoming
resources
£
223,234
97,037
-
2,651
30,827
-
2,500
-
8,894
-
-
5,982
-
-
-
-
-
3,500
2,500
2,000
155,891
379,125		 Resources
Movement
expended
in funds
£
£
(236,188)
(12,954)
(74,324)
22,713
(12,189)
(12,189)
(10,408)
(7,757)
(28,601)
2,226
(3,540)
(3,540)
-
2,500
(670)
(670)
(7,916)
978
(311)
(311)
(422)
(422)
(5,502)
480
(1,898)
(1,898)
(731)
(731)
(179)
(179)
(179)
(179)
(334)
(334)
(3,500)
-
(2,500)
-
(2,000)
-
(155,204)
687
(391,392)
(12,267)

continued...

-20-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Big Lottery
Back Garden Fund
Playroom Capital
Children in Need
Bavo General Funds
ICF Large Grant
Community Foundation Wales
Western Bay
CAF Tourle
BAVO Healthy Minds
BCBC Eary Years
GMSN
Development - BCBC
Coafields Regeneration
ICF Small Grant
BCBC Combined funds
Welsh Church Act
Welsh Government Childcare Capital
TOTAL FUNDS		 At
31.3.20
£
291,307
29,224
46,563
31,854
5,897
3,358
2,010
-
1,115
913
-
400
2,372
1,126
417
417
-
334
-
126,000
417,307		 Net
movement
in funds
£
4,042
24,928
(24,950)
(15,516)
4,120
-
(1,340)
705
(622)
(844)
359
-
(2,372)
(1,120)
(358)
(358)
4,484
(334)
9,834
(3,384)
658		 At
30.3.22
£
295,349
54,152
21,613
16,338
10,017
3,358
670
705
493
69
359
400
-
6
59
59
4,484
-
9,834
122,616
417,965

continued...

-21-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Big Lottery
Back Garden Fund
Playroom Capital
Children in Need
Sustainability - BCBC
Pigatelli
ICF Large Grant
Community Foundation Wales
Western Bay
CAF Tourle
BAVO Healthy Minds
GMSN
Development - BCBC
Coafields Regeneration
ICF Small Grant
BCBC Combined funds
BAVO Carers Respite Fund
Welsh Church Act
Welsh Government Childcare Capital
Moondance
SJP Foundation
EYPD
TOTAL FUNDS		 Incoming
resources
£
510,999
188,699
-
2,651
60,889
3,750
2,500
-
11,693
-
-
5,982
-
-
-
-
6,160
9,780
-
10,000
3,500
2,500
2,000
310,104
821,103		 Resources
Movement
expended
in funds
£
£
(506,957)
4,042
(163,771)
24,928
(24,950)
(24,950)
(18,167)
(15,516)
(56,769)
4,120
(3,750)
-
(2,500)
-
(1,340)
(1,340)
(10,988)
705
(622)
(622)
(844)
(844)
(5,623)
359
(2,372)
(2,372)
(1,120)
(1,120)
(358)
(358)
(358)
(358)
(1,676)
4,484
(9,780)
-
(334)
(334)
(166)
9,834
(3,500)
-
(2,500)
-
(2,000)
-
(313,488)
(3,384)
(820,445)
658

The purposes of the restricted funds listed above are as follows:

Big Lottery - This fund is used the for the family fun zone project which provides after school, saturday club and holiday club services to children aged 4-11. A balance on this reserve has been built up partly arising from the project delays due to Covid

Back Garden Fund - Donations from Freudenburg and Prescot Jones to contribute towards the refurbishment/equip ment of our Garden. The reserves will, in the main, offset future deprecation charges arsing on t he relevant fixed assets

Playroom Capital - ICF grants to fund new nursery furniture and equipment. The reserves will, in the main, offset future deprecation charges arsing on the relevant fixed assets

Children in Need - This fund supports children outreach worker post

Sustainability - BCBC - support towards staffing costs

continued...

-22-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

16. MOVEMENT IN FUNDS - continued

BAVO General Funds - Grants to help fund Third Sector Moving Forward project and Community Wellbeing projects

Pigatelli - contribution towards the movement room

ICF Large & Small grants- Grants to fund nursery activities and associated capital equipment and to contribute towards the salary of our Childcare and Learning Co-ordinator post short term, and to enable Y-Bont to hold supp ort groups

Welsh Church Act - A one off grant to fund investment in a new server and computer equipment for office staff at Y-B ont

Community Foundation Wales - support for staff costs, together with cleaning during the Covid pandemic

Western Bay - A grant to cover the salary of Childcare and Learning Coordinator post and associated support group costs, including furniture

CAF Tourle - A grant to cover the salary of the fundraising and marketing officer, training costs and IT equipment

BAVO Healthy Minds - support for salaries for playroom activities

BCBC Early Years - support for early years learning facities

GMSN (Global Make Some Noise) - Grants provided by Capital FM for Techno Tots project which included costs of a full time nu rse salary over the course of 2 years as well as initial capital expenditure

Development BCBC - A grant to support marketing and children's activities in general

Coalfields Regeneration - a grant in prior years relating to purchase of computer equipment

BCBC Combined Grants - various grants for work such as assisting on education facilities

BAVO Carers Respite Fund - to provide funding to develop and pilot new approaches, in addition to existing provisions, to p rovide support for unpaid carers

Welsh Government Childcare Capital - Contribution towards capital costs

BCBC Enabling Programme - to provide additional resources such as books, toys or IT equipment for children to enhance th e overall learning environment.

Prior year funds:

Moondance - support for salaries and PPE

SJP Foundation - A grant used towards PPE and support a nursery nurse

EYPD - contribution towards outdoor activities.

continued...

-23-

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2022

17. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a group personal pension plan for its employees. The amount recognised as an expense in the period was £8,997 (2021: £8,441).

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 March 2022, nor any for the year ended 30 March 2021, other than those disclosed in the notes regarding Trustees remuneration and expenses and other related activities.

19. COMPANY LIMITED BY GUARANTEE

The company is a private company limited by guarantee. In the event of the charity being wound up, the members are liable for payment of the debts and liabilities of the charity and of the costs, charges and expenses of winding up. Each member is liable for such amounts as may be required not exceeding £5.

-24-