||||Page| |---|---|---|---| |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|