2021-03-31-accounts - Vision 21 (Cyfle Cymru)

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LEGAL AND	ADMINISTRATIVE INFORMATION
REPORT OF	THE TRUSTEES	AND DIRECTORS	4-12
INDEPENDENT AUDITORS		REPORT	13 —15
STATEMENT	OF FINANCIAL	ACTIVITIES
(INCLUDING	THE INCOME	AND EXPENDITURE ACCOUNT)	16
BALANCE SHEET			17
CASH FLOW	STATEMENT		18
NOTES TO THE FINANCIAL		STATEMENTS	19-31

Due to the pandemic we set the	following prior	ities for 2020/21:
Priority		Outcome
Adapt our training provision to	continue to	An online learning platform was created by our
support people with a learning	disability to	technology department, which not only allowed
learn, but in a way that is safe and that can		us to train online, but to create online social
be monitored.		sessions as well. We also adapted our face to face
		training in line with government guidelines.
To ensure the financial stability	of Vision 21	We made full use ofthe furlough scheme,
by maximising our income from	all sources	meaning we could maintain employment for the
and seeking maximum diversity	in income	majority of our staff, whilst providing the training
sources, whilst ensuring the safety of our		and support needed for our trainees. We also
trainees and staff during the pandemic		increased our online selling capacity through
		social media advertising.

All income and	expendit	ure	derive	from c	ontinuing	activities.
								Total	Total
						Unrestricted	Restricted	Funds	Funds
						Funds	Funds	2021	2020
					Notes
INCOME AND	ENDOWMENT			FROM
Donations and	legacies:
Grants receivable						58,000	417,213	475,213	134,905
Donations						19,455		19,455	43,515
Investment income:
Bank interest						3,463		3,463	3,709
Charitable activities:
Grants receivable						117,031		117,031	170,419
Student training	fees					1,059,742		1,059,742	1,189,574
Primary purpose	trading	activities				313,222		313,222	458,125
Rent and service	charges					57,710		57,710	91,893
Other income						2,001		2,001	6,230
Total						1,630,624	417,213	2,047,837	2,098,370
EXPENDITURE	ON
Raising funds
Costs of generating	voluntary		income			4,537		4,537	6,175
Charitable activities						1,301,060	332,445	1,633,505	1,989,207
Total						1,305,597	332,445	1,638,042	1,995,382
Net income / (expenditure)						325,027	84,768	409,795	102,988
Transfers
Net movement in funds						325,027	84,768	409,795	102,988
Total funds brought	forward					1,317,808	79,467	1,397,275	1,294,287
Total funds carried forward					12	1,642,835	164,235	1,807,070	1,397,275

			Notes	2021	2020
				f	f
FIXED ASSETS
Tangible assets			9	635,344	635,861
CURRENT ASSETS
Stock			16	28,014	38,689
Debtors			10	246,073	180,278
Cash at bank and	in hand			1012878	685 148
				1,286,965	904,155
LIABILITIES
Creditors: Amounts		falling due within one year	11	115,239	142,701
NET CURRENT		ASSETS		1,171,726	761,414
TOTAL ASSETS		LESSCURRENT LIABILITIES		1,807,070	1,397,275
Creditors: Amounts		falling due after more than one year
NET ASSETS				1,807,070	1,397,275
THE FUNDS OF		THE CHARITY
Restricted income	funds		12	164,235	79,467
Unrestricted income funds			12	1,642,835	1,317,808
TOTAL FUNDS				1,807,070	1,397,275

AS AT 31 MARCH 20	21
		Notes	2021	2020
				f
Cash Flows from Operating	Activities	13	391,755	259,383
Cash Flows from Investing	Activities	13	(64,025)	(154,104)
Cash Flows from Financing	Activities	13
Increase / (Decrease)	in Cash		327,730	105,279
Reconciliation
Increase / (decrease) in Cash			327.730	105,279
Cash flow from debt and lease financing
NET FUNDS at 1st April			685,148	579,869
NET FUNDS at 31st March			1,012,878	685,148

The net in	come / (expen	diture) for the year are stated after charging:
			2021	2020
Depreciation oftangible		fixed assets - owned	68,004	58,132
Depreciation of tangible		fixed assets - held under finance lease
Operating	leases - land	and buildings	19,086	18,991
Auditors'	remuneration		3,350	3,350
Auditors'	remuneration	in respect ofother services

			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2021	2020
BBCChildren in Need				19,693	19,693	22,111
C3SC				3,524	3,524	580
Fareshare Cymru						3,500
Millenium Stadium	Charitable	Trust				3,598
Morrisons Foundation						6,500
National Lottery Community		Fund		81,682	81,682	87,616
Vale of Glamorgan			10,000		10,000	11,000
Cardiff CC			48,000		48,000
Furlough Scheme				289,314	289,314
Edward Gostling Funding				2,000	2,000
Wolfson Foundation				21,000	21,000
			58,000	417,213	475,213	134,905
Cardiff City Council						53,387
Cardiff and Vale College			117,031		117,031	117,032
			117,031		117,031	170,419
			175,031	417,213	592,244	305,324

			Unrestricted	Restricted
			Funds	Funds	2021	2020
			f	f		f
Barbara Gill			1,500		1,500
United Welsh	Housing					5,189
Asda Green Token scheme						500
BNI South Wales						500
Mrs. McMillan						500
Miscellaneous			2,955		2,955	11,826
Rainbow Trust	- Donation	in kind				10,000
Cardiff County	Council - Asset Transfer		15,000		15,000	15,000
			19,455		19,455	43,515

		Unrestricted	Restricted
		Funds	Funds	2021	2020
Bank	Interest	3,463		3,463	3,709
		3,463		3,463	3,709

set out	in the acco	unting policies.
					Total
					Support	Total Support
					Costs	Costs
			Staff costs	Other costs	2021	2020
Generating	Voluntary	Income	4,537		4,537	6,175
Charitable	Activities		252,872	109,798	362,670	404,256
Governance	Costs		9,394	4,253	13,647	13,606
			266,803	114,051	380,854	424,037

				2021	2020
Salaries and Remunerations				996,803	1,134,966
Socia I Security				68,716	80,112
Pension Contributions				56,988	63,211
				1,112,507	1,278,289
The average number		of staff employed	during the year was:
				2021	2020
Direct Charitable	work			49	61
Administration				10	11
				59	72

	Freehold	Leasehold	Motor	Equipment,	Computer
	Building	Building	Vehicles	Fixtures &.	Equipment
				Fittings		Total
COST
As at 1 April 2020	215,616	1,042,851	28,078	267,288	92,757	1,646,590
Additions		64,349			3,139	67,488
Dis osals
As at 31 March 2021	215,616	1,107,200	28,078	267,288	95,896	1,714,078
DEPRECIATION
As at 1 April 2020	113,252	537,830	15,914	251,333	92,400	1,010,729
Charge for year	4,386	47,569	5,034	9,873	1,143	68,004
Dis osals
As at 31 March 2021	117,638	585,399	20,948	261,206	93,543	1,078,734
NET BOOK VALUE
As at 31 March 2021	97,978	521,801	7,130	6,082	2,354	635,344
As at 31 March 2020	102,364	505,022	12,164	15,955	356	635,861

		2021	2020
Trade debtors		171,496	113,405
Other debtors		48,763	48,764
Prepayments	and accrued income	25,814	18,109
		246,073	180,278

			2021	2020
Amounts	falling due within	one year:
Trade creditors			49,995	69,756
Taxation	and Social Security		43,247	19,805
Deferred	income
Accruals			21,997	28,100
Other creditors				25,040
			115,239	142,701

									Balance
								Transfe	at
					Balance at			Is	31st
					1st April	Resources	Resources	To/	March
					2020	Incoming	Outgoing	(From)	2021
					f	f	f
UNRESTRICTED			FUNDS
General	reserve				1,317,808	1,630,624	(1,305,597)		1,642,835
Total unrestricted			funds		1,317,808	1,630,624	(1,305,597)		1,642,835
RESTRICTED FUNDS
BBCChildren in Need					1,212	19,693	(11,031)		9,874
C3SC						3,524			3,524
Millenium	Stadium		Charitable	Trust	1,993				1,993
National	Lottery	Community		Fund	76,262	81,682	(11,547)		146,397
Furlough	Scheme					289,314	(289,314)
Edward Gostling		Funding				2,000	(2,000)
Waterloo	Foundation					21,000	(18,553)		2,447
Total restricted		funds			79,467	417,213	(332,445)		164,235
TOTAL					1,397,275	2,047,837	(1,638,042)		1,807,070

FOR THE YEAR ENDED 13.ANALYSIS	31 MARCH 2021 OF CASH FLOWS
		2021	2020
			f
CASH FLOWS FROM OPERATING ACTIVITIES
Net Movement in Funds		409,795	102,988
Depreciation charges		68,004	58,132
Profit on sale ofassets
Finance costs
Finance income		(3,463)	(3,709)
Decrease / (increase)	in stocks	10,675	(640)
Decrease / (increase)	in debtors	(66,027)	112,562
(Decrease) / increase	in creditors	(27,229)	(9,950)
(Decrease) / increase	in provisions
Net Cash Flow		391,755	259,383
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Fixed Assets		(67,488)	(157,813)
Disposal of Fixed Assets
Interest received		3,463	3,709
Net Cash Flow		(64,025)	(154,104)

14.	ANALYSIS OF NET A	SSETS
		Tangible	Other Net
		Fixed Assets	Assets	Total
		f	f
Restricted	funds		164,235	164,235
Unrestricted	funds	635,344	1,007,491	1,642,835
		635,344	1,171,726	1,807,070

m	inimum l	ease commitments, analysed according to the l	ease expiry dates, are as follows:
			2021	2020
				f
-	within one year		21,633	18,991
-	between	one and five years	2,000	34,264
-	after five	years	1,400	4,400
			25,033	57,655

							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2020	2019
				Notes
INCOME AND ENDOWMENT			FROM
Donations and legacies:
Grants receivable						134,905	134,905	110,966
Donations					43,515		43,515	37,328
Investment income:
Bank interest					3,709		3,709	2,629
Charitable activities:
Grants receivable					170,419		170,419	169,321
Student training fees					1,189,574		1,189,574	1,132,473
Primary purpose trading		activities			458,125		458,125	496,235
Rent and service charges					91,893		91,893	91,179
Other income					6,230		6,230	2,067
Tota I					1,963,465	134,905	2,098,370	2,042,198
EXPENDITURE ON
Raising funds
Costs of generating	voluntary		income		6,175		6,175	4,852
Charitable activities					1,923,677	65,530	1,989,207	1,953,409
Total					1,929,852	65,530	1,995,382	1,958,261
Net income / (expenditure)					33,613	69,375	102,988	83,938
Transfers					60,243	(60,243)
Net movement in funds					93,856	9,132	102,988	83,938
Total funds brought forward					1,223,952	70,335	1,294,287	1,210,349
Total funds carried	forward			13	1,317,808	79,467	1,397,275	1,294,286