**REGISTERED COMPANY NUMBER: 02957667 (England and Wales) REGISTERED CHARITY NUMBER: 1040818**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **FOR**
## **BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
DAVID WRIGHT ACCOUNTANTS LIMITED Unit 10 Bridgend Business Park Bennett Street Bridgend Glamorgan CF31 3SH
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**|8|to|9|
|**Notes to the Financial Statements**|10|to|23|
|**Detailed Statement of Financial Activities**|24|to|25|
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
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 31 March 2023. 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 trading name of 'Y Bont'.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
According to Bridgend and District Resource for Children with Disabilities' Memorandum of Association, the organisation's objectives shall be:
- To relieve children with learning, physical or sensory disabilities and to advance the educational and physical development of the said children;
- To support parents, carers and families of the said children; to have their rights respected; and to achieve their full potential as integrated members of their community;
- Y Bont's Mission Statement is: "Enabling children with a disability to fulfill their potential".
Y Bont aims to provide specialist care and support to families with children with a disability by: Constantly monitoring and evaluating services we provide and identify how they can be improved; Reinforcing our links with relevant agencies and organisations;
Working towards making our financial situation stronger to ensure Y Bont's longer term existence; Developing our marketing strategy; making the organisation and its philosophy as widely know as possible;
Developing our staff with a view to benefitting and developing ourselves individually, and as a result benefitting the organisation;
Developing our volunteer structure; ensuring the best possible support and assistance for our staff and their families
## **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.
Page 1
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **ACHIEVEMENT AND PERFORMANCE**
## **Main Activites for the Year**
The primary beneficiaries for our charity continue to be children with disabilities, neurodiversities, complex medical conditions 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 65 children and families accessing the Y Bont nursery in the year.
Y Bont also runs Out of School activities for children aged 5-12yrs and provisions. Both out of school provisions fall under our registration of 18 children at any one time, and both are held in our main building located on Ewenny Road, Bridgend.
During school holidays, we offer both nursery and out of school provision at reduced times.
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, 74% 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 2022, for the ninth academic year, we supported the local authority education directorate by providing day care placements for 10 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. 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:-
- Operations Director
- Business and Finance Manager
- Nursery Manager
- Playroom Lead
- Senior Playworker
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.
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 alongside medical professionals..
Page 2
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**REPORT OF THE TRUSTEES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **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.
Organisations that we work closely with operationally include Bridgend Carers Centre, Bridgend College, Heronsbridge School, and Educational Psychologists I Cowbridge and Penarth to ease the transition for children to other schools in neighboring 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, Asda Bridgend, Barclays Bank, Bridge FM, CJCH, Co-op- Cowbridge Rotary Club, Freudenberg Oil & Gas Technologies, KJ Herbert, Lions Club, Royal Educare, Sainsburys, Sian Thomas, Daughter & Son Solicitors, South Wales Police, 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. We have many students come to work with us from universities and colleges across south wales and we welcome them with open arms.
## **Events and Trips**
Some of this years programmed activities included the following:
- Role Play Lane
- Folly Farm
- Legoland
- Monkey Music
- Forest School at STEER - The Enterprise Academy
Page 3
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
- Porthcawl Beach
- Local parks and outdoor play areas
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 deficit of £43,298 for the period compared to the prior year surplus of £12,925. During the year the charity's incoming resources decreased from £441,978 to £401,463.
Grant income overall at £252,330 was similar in total to the prior year of £268,815. At the year end the funds of the charity were £374,667 compared to the prior year of £417,965, including £127,090 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 £128,612 an amount equivalent to 15 weeks' operational expenditure at the current level of annual expenditure of £444,761. 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 the charity Operations Manager.
## **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)
## **Registered Charity number**
1040818
Page 4
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **Registered office**
Y Bont Ewenny Road Bridgend Mid Glamorgan CF31 3HT
## **Trustees**
B Roderick S Stephen A J Minton J Manley
## **Independent Examiner**
Stephen Anthony Griffiths FCCA DAVID WRIGHT ACCOUNTANTS LIMITED Unit 10 Bridgend Business Park Bennett Street Bridgend Glamorgan CF31 3SH
## **Operations Manager**
B Miles
Approved by order of the board of trustees on 6 March 2024 and signed on its behalf by:
B Roderick - Trustee
Page 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 period 31 March 2022 to 31 March 2023.
## **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 member of the Association of Chartered Certified Accountants, 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.
Stephen Anthony Griffiths FCCA The Association of Chartered Certified Accountants
DAVID WRIGHT ACCOUNTANTS LIMITED Unit 10 Bridgend Business Park Bennett Street Bridgend Glamorgan CF31 3SH
6 March 2024
Page 6
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**24,611**
**Charitable activities**
Fees
**114,172**
Fundraising
**17,767**
Grants
**65,532**
Other trading activities
2
**662**
Investment income
3
**322**
**Total**
**223,066**
**EXPENDITURE ON**
Raising funds
4
**1,800**
**Charitable activities**
5
Core running costs
**240,418**
**Total**
**242,218**
**NET INCOME/(EXPENDITURE)**
**(19,152)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**295,349**
**TOTAL FUNDS CARRIED FORWARD**
**276,197**|Restricted
funds
£
**2**
**-**
**-**
**178,395**
**-**
**-**
**178,397**
**-**
**202,543**
**202,543**
**(24,146)**
**122,616**
**98,470**|**Period**
**31/3/22**
**to**
Year Ended
**31/3/23**
30/3/22
**Total**
Total
**funds**
funds
**£**
£
**24,613**
30,357
**114,172**
129,139
**17,767**
13,479
**243,927**
268,815
**662**
155
**322**
33
**401,463**
441,978
**1,800**
28,885
**442,961**
400,168
**444,761**
429,053
**(43,298)**
12,925
**417,965**
405,040
**374,667**
417,965|**Period**
**31/3/22**
**to**
Year Ended
**31/3/23**
30/3/22
**Total**
Total
**funds**
funds
**£**
£
**24,613**
30,357
**114,172**
129,139
**17,767**
13,479
**243,927**
268,815
**662**
155
**322**
33
**401,463**
441,978
**1,800**
28,885
**442,961**
400,168
**444,761**
429,053
**(43,298)**
12,925
**417,965**
405,040
**374,667**
417,965|
|---|---|---|---|
||||441,978|
||||28,885
400,168|
||||429,053|
||||12,925
405,040|
||||417,965|
The notes form part of these financial statements
Page 7
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **BALANCE SHEET**
## **31 MARCH 2023**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
11
**147,586**
**CURRENT ASSETS**
Debtors
12
**34,102**
Cash at bank and in hand
**127,090**
**161,192**
**CREDITORS**
Amounts falling due within one year
13
**(32,580)**
**NET CURRENT ASSETS**
**128,612**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**276,198**
**NET ASSETS**
**276,198**
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**24,877**
**-**
**101,861**
**101,861**
**(28,269)**
**73,592**
**98,469**
**98,469**|**31/3/23**
**Total**
**funds**
**£**
**172,463**
**34,102**
**228,951**
**263,053**
**(60,849)**
**202,204**
**374,667**
**374,667**
**276,198**
**98,469**
**374,667**|30/3/22
Total
funds
£
205,759
33,150
247,753
280,903
(68,697)
212,206
417,965
417,965
295,349
122,616
417,965|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **BALANCE SHEET - continued**
## **31 MARCH 2023**
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 6 March 2024 and were signed on its behalf by:
B Roderick - Trustee
The notes form part of these financial statements
Page 9
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **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 estimated useful life of fixed assets
- recoverability of debts
- certainty of entitlement of potential grants with conditional terms.
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...
Page 10
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 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 operates a defined contribution pension scheme. 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...
Page 11
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||**Period**||
|||**31/3/22**||
|||**to**|Year Ended|
|||**31/3/23**|30/3/22|
|||**£**|£|
||Room hire|**662**|155|
|**3.**|**INVESTMENT INCOME**|||
|||**Period**||
|||**31/3/22**||
|||**to**|Year Ended|
|||**31/3/23**|30/3/22|
|||**£**|£|
||Deposit account interest|**322**|33|
|**4.**|**RAISING FUNDS**|||
||**Raising donations and legacies**|||
|||**Period**||
|||**31/3/22**||
|||**to**|Year Ended|
|||**31/3/23**|30/3/22|
|||**£**|£|
||Advertising|**-**|109|
||Fundraising expenses|**1,800**|4,166|
||Support costs|**-**|24,610|
|||**1,800**|28,885|
continued...
Page 12
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **5. CHARITABLE ACTIVITIES COSTS**
|Support
Direct
costs (see
Costs
note 6)
Totals
£
£
£
Core running costs
**352,409**
**90,552**
**442,961**
Support costs
Direct costs £
& ( see note 6 )
Totals
Core running costs
**6.**
**SUPPORT COSTS**
Governance
Management
Finance
costs
Totals
£
£
£
£
Core running costs
**82,447**
**227**
**7,878**
**90,552**
Support costs, included in the above, are as follows:
**Period**
**31/3/22**
**to**
Year Ended
**31/3/23**
30/3/22
Core
running
Total
costs
activities
**£**
£
Wages
**74,793**
**71,724**
Social security
**7,170**
**6,237**
Pensions
**484**
**1,570**
Bank charges
**227**
**182**
Accountancy fees
**3,872**
**3,570**
Legal fees
**13**
**375**
Payroll fees
**2,584**
**2,352**
Recruitment costs
**1,409**
**-**
**90,552**
**86,010**|Direct
Costs
£
**352,409**|Direct
Costs
£
**352,409**|Support
costs (see
note 6)
£
**90,552**|Totals
£
**442,961**|Totals
£
**442,961**|
|---|---|---|---|---|---|
|||||||
||||||Totals|
|||||||
|||Governance
Finance
costs
Totals
£
£
£
**227**
**7,878**
**90,552**
**Period**
**31/3/22**
**to**
Year Ended
**31/3/23**
30/3/22
Core
running
Total
costs
activities
**£**
£
**74,793**
**71,724**
**7,170**
**6,237**
**484**
**1,570**
**227**
**182**
**3,872**
**3,570**
**13**
**375**
**2,584**
**2,352**
**1,409**
**-**
**90,552**
**86,010**||||
continued...
Page 13
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **7. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**Period**||
|---|---|---|
||**31/3/22**||
||**to**|Year Ended|
||**31/3/23**|30/3/22|
||**£**|£|
|Depreciation - owned assets|**33,296**|29,380|
|Independent Examination Fee ( including VAT)|**3,300**|3,570|
|Independent Examiner other services ( including VAT)|**2,584**|2,352|
|Operating lease rentals|**1,030**|1,014|
|Government grants|**-**|(4,272)|
|Local government support grants|**(65,532)**|(114,295)|
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 15.
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 30 March 2022
## **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 period ended 31 March 2023 nor 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 £82,447 (2022: £104,515).
Total staff costs,comprise:
||**2023£**|2022£|
|---|---|---|
|Gross wages and salaries|**302,892**|295,252|
|Employer's National Insurance|**16,486**|15,442|
|Employer's pension contributions|**16,772**|8,997|
|Total|**336,150**|319,691|
continued...
Page 14
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **9. STAFF - continued**
The average number of employees during the year was 24 (2022: 25).
No individual earned more than £60,000 in the period (2022: none).
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
30,357
**Charitable activities**
Fees
129,139
Fundraising
13,479
Grants
114,602
Other trading activities
155
Investment income
33
**Total**
287,765
**EXPENDITURE ON**
Raising funds
28,776
**Charitable activities**
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|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|
Page 15
continued...
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 31 March 2022 and 31 March 2023
**DEPRECIATION**
At 31 March 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 30 March 2022
**COST**
At 31 March 2022 and 31 March 2023
**DEPRECIATION**
At 31 March 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 30 March 2022|Improvements
Long
to
leasehold
property
£
£
**170,000**
**97,742**
**41,800**
**47,965**
**1,700**
**19,548**
**43,500**
**67,513**
**126,500**
**30,229**
128,200
49,777
Fixtures
and
Computer
fittings
equipment
£
£
**39,073**
**26,202**
**23,516**
**21,777**
**6,327**
**1,883**
**29,843**
**23,660**
**9,230**
**2,542**
15,557
4,425|Plant and
machinery
£
**22,551**
**14,751**
**3,838**
**18,589**
**3,962**
7,800
Totals
£
**355,568**
**149,809**
**33,296**
**183,105**
**172,463**
205,759|
|---|---|---|
Page 16
continued...
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
|**12.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||**31/3/23**|30/3/22|
|||**£**|£|
||Trade debtors|**22,688**|30,835|
||Prepayments and accrued income|**9,081**|2,315|
||Prepayments|**2,333**|-|
|||**34,102**|33,150|
|**13.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||**31/3/23**|30/3/22|
|||**£**|£|
||Trade creditors|**510**|569|
||Social security and other taxes|**4,344**|-|
||Other creditors|**51,099**|64,068|
||Accruals and deferred income|**4,896**|4,060|
|||**60,849**|68,697|
Included within other creditors is an amount of £18,405 (2022: £60,023) relating to monies received for grants where potential overclaims have been made
## **14. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
||**31/3/23**|30/3/22|
|---|---|---|
||**£**|£|
|Within one year|**907**|907|
|Between one and five years|**1,578**|2,485|
||**2,485**|3,392|
Lease payments recognised as an expense during the year were £1,030 (2022: £1,014)).
continued...
Page 17
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **15. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery
Back Garden Fund
BAVO Healthy Minds
BAVO Respite
Welsh Government Childcare Capital
Community Foundation Wales
Playroom Cap
ICF Large Grant
Western Bay
CAF Tourle
Coalfields Regeneration
BCBC Development
ICF Small Grant
BCBC Develop Children's Wellbeing
BCBC General
BCBC Non Verbal
National Lottery Awards For All
**TOTAL FUNDS**|At
31/3/22
£
**295,349**
**1**
**20,236**
**359**
**-**
**9,523**
**705**
**16,471**
**670**
**493**
**69**
**59**
**303**
**119**
**24**
**73,594**
**10**
**(20)**
**122,616**
**417,965**|Net
movement
in funds
£
**(19,151)**
**(1)**
**(12,761)**
**-**
**(130)**
**(2,000)**
**(273)**
**(5,070)**
**(670)**
**-**
**(70)**
**(60)**
**(3,036)**
**(60)**
**(24)**
**(2)**
**(10)**
**20**
**(24,147)**
**(43,298)**|At
31/3/23
£
**276,198**
**-**
**7,475**
**359**
**(130)**
**7,523**
**432**
**11,401**
**-**
**493**
**(1)**
**(1)**
**(2,733)**
**59**
**-**
**73,592**
**-**
**-**
**98,469**
**374,667**|
|---|---|---|---|
continued...
Page 18
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **15. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
BAVO Respite
BCBC Development
BCBC Develop Children's Wellbeing
BCBC Garden and Role Play
BCBC General
BCBC Non Verbal Grant
BCBC Outside Engagement
BCBC Plan and Prep
BCBC Speech and Language
BCBC Training
**Restricted funds**
Big Lottery
Back Garden Fund
BAVO Respite
Children in Need
Welsh Government Childcare Capital
Community Foundation Wales
Playroom Cap
ICF Large Grant
CAF Tourle
Coalfields Regeneration
BCBC Development
ICF Small Grant
BCBC Develop Children's Wellbeing
BCBC General
BCBC Non Verbal
CWM Taff
National Lottery Awards For All
SJP Foundation
**TOTAL FUNDS**|Incoming
resources
£
**193,860**
**3,474**
**4,300**
**2,000**
**323**
**12,193**
**350**
**2,500**
**750**
**750**
**2,566**
**223,066**
**105,470**
**-**
**-**
**39,832**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**18,139**
**4,956**
**10,000**
**178,397**
**401,463**|Resources
Movement
expended
in funds
£
£
**(213,011)**
**(19,151)**
**(3,474)**
**-**
**(4,300)**
**-**
**(2,000)**
**-**
**(323)**
**-**
**(12,193)**
**-**
**(350)**
**-**
**(2,500)**
**-**
**(750)**
**-**
**(750)**
**-**
**(2,566)**
**-**
**(242,217)**
**(19,151)**
**(105,471)**
**(1)**
**(12,761)**
**(12,761)**
**(130)**
**(130)**
**(39,832)**
**-**
**(2,000)**
**(2,000)**
**(273)**
**(273)**
**(5,070)**
**(5,070)**
**(670)**
**(670)**
**(70)**
**(70)**
**(60)**
**(60)**
**(3,036)**
**(3,036)**
**(60)**
**(60)**
**(24)**
**(24)**
**(2)**
**(2)**
**(10)**
**(10)**
**(18,139)**
**-**
**(4,936)**
**20**
**(10,000)**
**-**
**(202,544)**
**(24,147)**
**(444,761)**
**(43,298)**|
|---|---|---|
continued...
Page 19
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **15. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery
Back Garden Fund
BCBC Combined Funds
BAVO Healthy Minds
Children in Need
BCBC - Sustainability
Welsh Government Childcare Capital
Community Foundation Wales
Pigatelli
Playroom Cap
ICF Large Grant
Western Bay
CAF Tourle
GMSN (Global Make Some Noise)
Coalfields Regeneration
EYPD
BCBC Development
BAVO General Funds
ICF Small Grant
**TOTAL FUNDS**|At
31/3/21
£
278,353
51,937
34,374
-
480
8,123
(3,540)
-
978
2,500
24,097
1,340
804
491
474
238
400
395
3,358
238
126,687
405,040|Net
movement
in funds
£
16,996
2,215
(12,761)
4,484
(121)
1,894
3,540
9,834
(273)
(2,500)
(7,759)
(670)
(311)
(422)
(474)
(179)
-
(389)
-
(179)
(4,071)
12,925|At
30/3/22
£
295,349
54,152
21,613
4,484
359
10,017
-
9,834
705
-
16,338
670
493
69
-
59
400
6
3,358
59|
|---|---|---|---|
||||122,616|
||||417,965|
continued...
Page 20
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **15. 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
BCBC Combined Funds
BAVO Healthy Minds
BAVO Respite
Children in Need
BCBC - Sustainability
Welsh Government Childcare Capital
Community Foundation Wales
Pigatelli
Playroom Cap
ICF Large Grant
Western Bay
CAF Tourle
GMSN (Global Make Some Noise)
Coalfields Regeneration
BCBC Development
ICF Small Grant
**TOTAL FUNDS**|Incoming
resources
£
287,765
91,662
-
6,160
-
9,780
30,062
3,750
10,000
2,799
-
-
-
-
-
-
-
-
-
154,213
441,978|Resources
Movement
expended
in funds
£
£
(270,769)
16,996
(89,447)
2,215
(12,761)
(12,761)
(1,676)
4,484
(121)
(121)
(9,780)
-
(28,168)
1,894
(210)
3,540
(166)
9,834
(3,072)
(273)
(2,500)
(2,500)
(7,759)
(7,759)
(670)
(670)
(311)
(311)
(422)
(422)
(474)
(474)
(179)
(179)
(389)
(389)
(179)
(179)
(158,284)
(4,071)
(429,053)
12,925|
|---|---|---|
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 del ays due to Covid,
**Children in Need** - This fund supports children outreach worker post.
**BCBC Early Years** - support for early years learning facilities
**Development BCBC** - A grant to support marketing and children's activities in general
**BAVO Carers Respite Fund** - to provide funding to develop and pilot new approaches, in addition to existing provisions, to provide su pport for unpaid carers
continued...
Page 21
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **15. MOVEMENT IN FUNDS - continued**
**BCBC Enabling Programme** - to provide additional resources such as books, toys or IT equipment for children to enhance the overall lea rning environment.
**SJP Foundation** - A grant used towards PPE and support a nursery nurse.
**BCBC Develop Children's Wellbeing** - A grant to support children's wellbeing
**BCBC Garden and Role Play-** A grant to develop the garden and role play area.
**BCBC Plan and Prep Grant-** A grant for planning and Preparation for Education Children, PPA Time
**BCBC Non Verbal Grant-** A grant for staff training in communication, sign language, pecks training and communicating with non verbal children
**BCBC Outside Engagement-** A grant for outdoor play and experiences
**BCBC Speech and Language-** A grant to develop speech and language.
**BCBC Team Training-** A grant to support training of staff
**Cwm Taff Grant-** A grant to support training of parent with children with no diagnosis, provide stay and play sessions and family sessions and providing support groups and workshops.
**National Lottery Awards for All-** A grant to support people and help people to reach their potential by supporting them at the earliest possible sta ges.
## **Prior year funds:**
**Back Garden Fund** - Donations from Freudenburg and Prescot Jones to contribute towards the refurbishment/equipment of our Garden. The reserves will, in the main, offset future deprecation charges arsing on the relevant fixed assets
**Playroom Capital** - ICF grants to fund new nursery furniture and equipment. The reserves will, in the main, offset future deprecatio n charges arising on the relevant fixed assets.
**Sustainability - BCBC** - support towards staffing costs.
**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 support group.
**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.
continued...
Page 22
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
## **15. MOVEMENT IN FUNDS - continued**
**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
**BAVO General Funds** - Grants to help fund Third Sector Moving Forward project and Community Wellbeing projects
**GMSN (Global Make Some Noise)** - Grants provided by Capital FM for Techno Tots project which included costs of a full time nursey nurse s alary over the course of 2 years as well as initial capital expenditure
**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
**Welsh Government Childcare Capital -** Contribution towards capital costs
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023, nor any for the year ended 30 March 2022, other than those disclosed in the notes regarding Trustees remuneration and expenses and other related activities
## **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 £16,772 (2022: £8,997)).
## **18. 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.
Page 23
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
ded
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
||Period|||
|---|---|---|---|
||31/3/22|||
|||to|Year En|
||31/3/23||30/3/22|
||£||£|
|**INCOME AND ENDOWMENTS**||||
|**Donations and legacies**||||
|Donations|**16,074**||30,357|
|Support Pen-Y-Bont|**8,539**||-|
||**24,613**||30,357|
|**Other trading activities**||||
|Room hire|**662**||155|
|**Investment income**||||
|Deposit account interest|**322**||33|
|**Charitable activities**||||
|Fundraising|**123,536**||142,618|
|Grants|**252,330**||268,815|
||**375,866**||411,433|
|**Total incoming resources**|**401,463**||441,978|
|**EXPENDITURE**||||
|**Raising donations and legacies**||||
|Advertising|**-**||109|
|Fundraising expenses|**1,800**||4,166|
||**1,800**||4,275|
|**Charitable activities**||||
|Wages|**235,238**||220,740|
|Social security|**9,316**||9,205|
|Pensions|**9,149**||8,997|
|Insurance|**3,967**||3,870|
|Telephone|**6,261**||1,862|
|Postage and stationery|**3,198**||3,502|
|Carried forward|**267,129**||248,176|
This page does not form part of the statutory financial statements
Page 24
**BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES**
ded
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023**
||Period|||
|---|---|---|---|
||31/3/22|||
|||to|Year En|
||31/3/23||30/3/22|
||£||£|
|**Charitable activities**||||
|Brought forward|**267,129**||248,176|
|Advertising|**92**||-|
|Sundries|**7,663**||6,841|
|Repairs and maintenance|**948**||26,577|
|Cleaning and refreshments|**8,282**||9,431|
|Trips, travel and similar|**11,228**||7,508|
|Fun Zone children's activities|**4,217**||4,699|
|Bad debts|**-**||(2,682)|
|Subscriptions|**8,605**||8,655|
|Staff training|**5,996**||183|
|Computer expenses|**4,078**||-|
|Uniform costs|**875**||-|
|Long leasehold|**1,700**||1,700|
|Improvements to property|**19,548**||14,642|
|Plant and machinery|**3,838**||3,727|
|Fixtures and fittings|**6,327**||6,465|
|Computer equipment|**1,883**||2,846|
||**352,409**||338,768|
|**Support costs**||||
|**Management**||||
|Wages|**74,793**||71,724|
|Social security|**7,170**||6,237|
|Pensions|**484**||1,570|
||**82,447**||79,531|
|**Finance**||||
|Bank charges|**227**||182|
|**Governance costs**||||
|Accountancy fees|**3,872**||3,570|
|Legal fees|**13**||375|
|Payroll fees|**2,584**||2,352|
|Recruitment costs|**1,409**||-|
||**7,878**||6,297|
|Total resources expended|**444,761**||429,053|
|**Net (expenditure)/income**|**(43,298)**||12,925|
This page does not form part of the statutory financial statements
Page 25