||||Page| |---|---|---|---| |Chairman's|statement||| |Trustees report|||2 - 21| |Statement|oftrustees|responsibilities|22| |Independent|auditor's|report|23-25| |Statement|offinancial|activities|26| |Balance sheet|||27-28| |Statement|ofcash flows||29| |Notes to the financial||statements|30-47| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Reference|and administrative|and administrative|details||||| |---|---|---|---|---|---|---|---| |Charity name||||Early Years Wales|2018T/A Early Years Wales||| |Charity number||||1056381|||| |Company|number|||3164233|||| |Principal and registered||office||Unit
1|||| |||||Coopers Yard|||| |||||Curran Road|||| |||||Cardiff|||| |||||CF105NB|||| |Trustees||||Carolyn Asante- appointed||3/2/23|| |||||Dr David Dallimore|||| |||||Kathiyn
Leighfield|- appointed||2/2/23| |||||Tom Maclean - appointed||2/2/23|| |||||Lisa Owen|||| |||||Jamie Powell|||| |||||Dr Mirain Rhys - resigned||27/6/22|| |||||Mike Thorne (Chair)|||| |||||Victoffia Wright|||| |Secretary||||David Goodger|||| |Auditors||||Azets Audit Services|||| |||||Ty Derw|||| |||||Lime Tree Court|||| |||||Cardiff Gate Business Park|||| |||||Cardiff|||| |||||CF23 8AB|||| |Bankers||||Barclays Bank|||| |||||51 Hope Street,|||| |||||Wrexham|||| |||||LL11 1BE|||| |Investment|providers|||COLA|||| |||||Senator House|||| |||||85 Queen Victoria|Street||| |||||London|||| |||||EC4V4ET|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestdicted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds||funds|funds|| |||||2023|2023|2023|2022|2022|2022| ||||Notes|6|6|F||6|6| |Income and|n|ow|||||||| |Donations
snd|||||||||| |legacies||||419||419|300|9,964|10,264| |Charitable
activities||||29,956|1,181,143|1,211,099|8,431|1,116,671|1,125,102| |Investments||||32,351||32,351|15,932||15,932| |Other income||||615||615|2,851||2,851| |Total income||||63,341|1,181,143|1,244,484|27,514|1,126,635|1,154,149| |gKPCnnlt~iL.|||||||||| |Charitable
activities||||88,519|1,213,040|1,301,559|126,460|1,053,958|1,180,418| |Net gains/(losses)
investments|||on
11|(53,656)||(53,656)|1,594||1,594| |Gross transfers|||||||||| |between
funds|||||||60,180|(60,180)|| |Net movement||in|funds|(78,834)|(31,897)|(110,731)|(37,172)|12,497|(24,675)| |Fund balances|at 1 April||||||||| |2022||||1,384,103|57,284|1,441,387|1,421,275|44,787|1,466,062| |Fund balances||at|31||||||| |INarch 2023||||1,305,269|25,387|1,330,656|1,384,103|57,284|1,441,387| ## ||||2023||2022|| |---|---|---|---|---|---|---| |||Notes|8|||| |Fixed assets||||||| |Intangible
assets||17||23,100||31,350| |Tangible assets||16||1,880||3,299| |Investments||19||1,059,745||1,113,401| |||||1,084,725||1,148,050| |Current assets||||||| |Debtors||21|238,686||48,304|| |Cash at bank and in|hand||118,545||295,566|| ||||357,231||343,870|| |Creditors: amounts|falling due within|||||| |one year|||(111,300)||(50,533)|| |Net current assets||||245,931||293,337| |Total assets less current liabilities||||1,330,656||1,441,387| |Income funds||||||| |Restricted funds||24||25,387||57,264| |Unrastdctedfttads||||||| |Designated
funds||25|60,555||238,040|| |General unrestricted|funds||1,244,714||1,146,063|| |||||1,305,269||1,384,103| |||||1,330,656||1,441,387| ## ## ## ||||||2023||2022|| |---|---|---|---|---|---|---|---|---| |||||Notes|6||6|| |Cash flows from operating||activities||||||| |Cash absorbed
by operations||||29||(209,372)||(64,676)| |Investing|activities|||||||| |Purchase|ofintangible assets||||||(16,500)|| |Purchase|oftangible fixed assets||||||(2,820)|| |Purchase|ofinvestments||||||(1,164,464)|| |Proceeds|from disposal of|investments|||||1,164,464|| |Investment|income received||||32,351||15,932|| |Net cash|generated
from/(used||in)|||||| |investing|activities|||||32,351||(3,388)| |Net cash|used in financing|activities||||||| |Net decrease
in cash and||cash|equivalents|||(177,021)||(68,064)| |Cash and|cash equivalents|at beginning||ofyear||295,566||363,630| |Cash and|cash equivalents|at end of||year||118,545||295,566| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||||||E| |Membership||||||150|40| |Courses and training||||||16,165|| |Grants||||||1,181,143|1,116,671| |Quality assurance||||||9,511|2,949| |Sale ofpublications
and promotional
items||||||4,130|5,442| |||||||1,211,099|1,125,102| |Analysis
by fund|||||||| |Unrestricted
funds||||||29,956|8,431| |Restricted funds||||||1,181,143|1,116,671| |||||||1,211,099|1,125,102| |Grants were received from the following||||sources:|||| |||||||2023|2022| |||||||2|2| |Welsh Government
-CWLWM||||||673,898|572,708| |Welsh Government
- Cynllyn|Plethu|||||29,167|| |Welsh Government
-DCELLS: Early||Years||Co-Ordinator||60,000|54,250| |Welsh Government-
Welsh Language||Department||||50,000|50,000| |Carmarthenshire
County Council - Children's||||Services||12,500|13,187| |Ceredigion
County Council - Family Information|||||Service|5,000|4,472| |Conwy County Borough Council - Education||||Services||5,000|20,300| |Denbighshire
County Council|- Flying|Start||||8,093|8,093| |Flintshire
County Council||||||80,333|58,651| |Isle ofAnglesey
County Council||||||8,750|8,750| |Moondance
Foundation||||||35,000|10,000| |Monmouthshire
County Council||||||6,000|6,000| |Mudiad Ysgolion Meithrin||||||1,500|3,975| |Newport
City Council -RSG||||||95,000|208,000| |PACEY Cymru||||||520|| |Swansea
City Council - Early|Intervention||Service|||14,990|12,527| |Welsh Active Early Years Project||||||92,892|85,758| |Wrexham
County Council||||||2,500|| |||||||1,181,143|1,116,671| ## ## ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2023|2022| ||6| |32,351|15,932| ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2023|2022| |6|| |615|2,851| ## |||2023|2022| |---|---|---|---| |||8|8| |Staffcosts||764,037|679,727| |Depreciation
and impairment||1,154|736| |Grant funding
returned||2,787|| |Bank and other charges||64|| |Computer,
internet costs and telephone||24,219|28,995| |Insurance||483|158| |Other costs||3,348|774| |Other staff costs||12,529|92,393| |Events||19,938|22,226| |Printing,
post and stationery||32,226|34,997| |Professional
fees||6,069|18,328| |Publications,
training|and subscriptions|81,576|36,315| |Quality assurance||4,967|805| |Premises costs||95,270|70,217| |Travel and subsistence||20,192|10,943| |||1,068,859|996,614| |Grant funding
ofactivities (see note 9)||130,646|100,167| |Share ofsupport costs (see note 10)||91,651|72,589| |Share ofgovernance|costs (see note 10)|10,403|11,048| |||1,301,559|1,180,418| |Analysis
by fund|||| |Unrestricted
funds||88,519|126,460| |Restricted funds||1,213,040|1,053,958| |||1,301,559|1,180,418| |Grants payable|||| |||2023|2022| |||6|6| |South East Wales||67,938|48,221| |Moondance
Foundation||35,000|10,000| |Early Years Wales small grants||27,708|41,946| |||130,646|100,167| ## ## |Supportcosts|||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2023|Support|Governance|2022| |||costs|costs||costs|costs|| |||8||||6|8| |Staffcosts||19,663||19,663|20,620||20,620| |Depreciation||8,516||8,516|6,096||6,096| |Bank and other charges||1,593||1,593|1,038||1,038| |ITand telephone||11,054||11,054|9,405||9,405| |Premises costs||1,415||1,415|1,195||1,195| |Insurance||10,359||10,359|11,572||11,572| |Professional fees||11,108||11,108|3,049||3,049| |Publications,
training|and||||||| |subscriptions||506||506|662||662| |Travel and subsistence||296||296|49||49| |Other stalf costs||1,912||1,912|2,752||2,752| |Printing,
post and|||||||| |stationery||25,229||25,229|16,151||16,151| |Audit fees|||9,420|9,420||9,330|9,330| |Trustee expenses and|||||||| |meeting costs|||983|983||1,718|1,718| |||91,651|10,403|102,054|72,589|11,048|83,637| |Analysed
between|||||||| |Charitable
activities||91,651|10,403|102,054|72,589|11,048|83,637| ## ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2023|2022| ||||8| |Revaluation|ofinvestments|(53,656)|1,594| ## ## ## ## |Number ofe|mployee|s|||| |---|---|---|---|---|---| |The average|monthly|number ofemployees|during the year was:||| |||||2023|2022| |||||Number|Number| |Functional||||18|19| |Support||||10|10| |||||28|29| |Employment|costs|||2023|2022| |||||6|6| |Wages and salaries||||695,550|627,233| |Social security costs||||59,629|48,050| |Other pension costs||||28,521|25,064| |||||783,700|700,347| ## ## ## ||The company
operates a defined contribution|The company
operates a defined contribution|The company
operates a defined contribution|The company
operates a defined contribution|The company
operates a defined contribution|pension scheme.|pension scheme.|The assets ofthe scheme are held|The assets ofthe scheme are held|separately| |---|---|---|---|---|---|---|---|---|---|---| ||from those|of the company|||in an independently||administered|fund. The
pension|cost charge|represents| ||contributions|payable||by the company to the||fund|and amounted|to 528,521 (2022 -|625,064).There were no|| ||amounts
outstanding||at the year end in the current||||or previous year.|||| |17|Intangible
fixed assets|||||||||| |||||||||||Webeite| |||||||||||8| ||Cost|||||||||| ||At 1 April 2022 and 31|||March|2023|||||41,250| ||Amortisation|and impairment||||||||| ||At 1 April 2022|||||||||9,900| ||Amortisation|charged|for the year|||||||8,250| ||At 31 March|2023||||||||18,150| ||Carrying
amount|||||||||| ||At 31 March|2023||||||||23,100| ||At 31 March|2022||||||||31,350| |18|Tangible fixed assets|||||||||| |||||||||Office|Computer|Total| |||||||||equipment|equipment|| |||||||||6|6|| ||Cost|||||||||| ||At 1 April 2022|||||||83,410|18,954|102,364| ||At 31 March|2023||||||83,410|18,954|102,364| ||Depreciation|and impairment||||||||| ||At 1 April 2022|||||||80,590|18,475|99,065| ||Depreciation|charged||in the year||||940|479|1,419| ||At 31 March|2023||||||81,530|18,954|100,484| ||Carrying
amount|||||||||| ||At 31 March|2023||||||1,880||1,880| ||At 31 March|2022||||||2,820|479|3,299| ## ## |Fixed as|set investments|| |---|---|---| |||Listed| |||investments| |||E| |Cost or|valuation|| |At 1 April|2022|1,113,401| |Valuation|changes|(53,656)| |At 31 March 2023||1,059,745| |Carrying|amount|| |At 31 March 2023||1,059,745| |At 31 March 2022||1,113,401| ## ||20
Financial|in|stru|ments||||| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| ||||||||E|E| ||Carrying|amount offinancial assets||||||| ||Instruments||measured
at fair value through||profit or loss||1,059,745|1,113,401| |21|Debtors|||||||| ||||||||2023|2022| ||Amounts
falling||due|within one year:|||E|| ||Trade debtors||||||9,638|25,109| ||Prepayments|and|accrued income||||229,048|23,195| ||||||||238,686|48,304| |22|Creditors: amounts|||falling due within one year||||| ||||||||2023|2022| |||||||Notes|E|E| ||Other taxation|and social security|||||16,787|| ||Deferred income|||||23|23,329|21,974| ||Trade creditors||||||55,063|17,579| ||Other creditors||||||5,830|1,445| ||Accruals||||||10,291|9,535| ||||||||111,300|50,533| ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |||||||6| |Arising from government||grants|||21,504|21,504| |Arising from membership||and training||income|1,825|470| ||||||23,329|21,974| |Deferred income|is included||in the financial statements as follows:|||| ||||||2023|2022| ||||||6|6| |Balance brought|forward||||21,974|26,654| |Income received|||||39,174|21,974| |Income released|||||(37,819)|(26,654)| |Balance carried|forward||||23,329|21,974| |||||||ca
«Ca
0a
0 Ca|||CO||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||««c
al|||IA||||| |||||VlalN0||al
IOg|||||||| |||||«L|||||||||| |||||«L0
I
Ual«L|N
'O
C|4I 0
«la
01!
«
0
CL
al
4I|W||||«IOO
IA|CI
Ol
IA|CI
CI
Ca| |||||al|C||||||||| |||||N|C|CD«|W|IA
«I
O|DO
IA
IA||O
O
O|O
CLI
IA|| |||||C0'00|X|0 0
C0 e
—E||ao|CLC
49||IA||CO| |||||N
C
CDh'0||Ca
Ia ca
4I O
0 aa
«al Z
0
CL
CD «.'|||||||| |||||4!|||||||||| |||||laC0
ID00
1V
0||4
«a!
I|W|CO
CI
CD|||||CI
CO
O
CD| |||||la|al'0||||||||| |||||ID0C4!
N
JO
1D
al|4
C
C
al|01I
0 X||||CD
Ol
Ol|O
O
O
O||CO
LA
Ol
IAO| |||||C
ID0.
IC0
Dl|E0
0|Ol la
«CI
E00
0 0
«al
—E|Cll|CO
LA
Dl
CD
I
CD|CO
Oa
Ca
N|g
0!
0!|O
O
O||| ||O|||0
Dl||Ia ca
4I0
0 Ca|||||||| ||DzI-X0o|||Dl
C
N
«L
E
8
al'0||«,
la '«|||||||| |||||C|||||||||| ||I-Z|||'000'0|||||||||| |||04||ID0|||||||||| |00 ml-
OgS
CV~g
luIo
/MR
m~
~
LU ~
~bz
~~0
CN
+ LUul
c(4o
LU I- 'R||0
0
LLI
4.0|ID
'O
C
4
0
'C
Vl
Dl|al'0
0C
00
0
Ca'0
C
ID
E
8
0||||C
al
E
E
ln
0
+0
DCNC0
N
C
ID0
4o8|||C0
C
0
8
C
C
00
X|&,
E
U
LU
U
A.|| |O
XI-
0
O
I-Z
40
rn I-
O
LLI (JI
CV~&
LuIO
0L: rOC
g IL Z
~
LU ~
~& z
LL «I-
&~~o
~+'4 co
LL
c5o
LLI I-K|PI
C5
V
ILI
Ci
Ci
LLI
IL:0|D0
C
000
IO'0
C
O|'O
ID
CZ
la '
la
C 0
C CC
Ql
CD
'O D
'0 0a
41
2 (I
ED
0
C! ca
Z 0
IO
«Ja
OD
O
D IC
cl!
EO
EO
N, 0
Cl
EUC O
a 0 Io
cll
41
D I
0 0
O 0
tnmc
41mIDC
E ca8
la»
C
&0 ca E
C
Cla
Ql
cg
0
LUI
rn
»
NDN
0
ID I
aO c
E E
Cl
ID0E0
0
N
O&0
c«
gl
0
cn a
0 gl
CL
O
D Y
0 (LDC
EC
«n
m
0 0
0
cn 0
E—
K
»je
CNY' 0
EOm
E2I
Cl E O
O
0eO 0
O
IOO'
UJ-
Cl CL.|0—
t5
tn—a
)DC
am
Cl
0
IL
0D
Q
0 0
M
E(
0.0
Ol 0
L N
ta c0
0
ClE
CL00
Cl
'O
Cl0
0
N0
0
0CC
0 0
LC
0&L
- 0
Ol
C
ta~
L"
D
Ql
0
LEO
IU
rn
Ol CI
IOal
'0
0
ClC
eS
0
-Em
0cmc
N
51 m
rn
Ia2™
E
JD
tt!
Ea
0
c 0
C C
IO
0 L
(I O.
D
IO
0 L'0
o me
R@I
0
(L
Cl
m=E
0 0C 0
OL E E
D 2
(L
.= 'O0 D
0E«
ec 0
C
EO
3 m
N
C
erne
rn
N ta e
0= 'E
Itf
O'Ez
me o
0 a
o ol a
I—al 0
ID
Ol5!
O.
C0
0'0L
0
EL06
F
'C0
0
'O
Io g
~ ' O.
ClQ
EO
41
Ea0
CI
ta
0
0
la
tg
C»
IL 0
C 0
0
e E
'O
Cl
OI
0 0
IL O.
0
0 C
Cl
I
CI 0
O
C 0
0 tn
la0
IU
ta
41D
IDC
Cl
ClE
C
E
0
t9 C
0 C
gc
E0
0
CL
O.
N 01
0
rn
O.g
0
Ol
In|E
Ol
IDE
N
O
Y'
0
O.
tn
UO
C
41
M
0
In
Ol
Cl
0
4
D
E
SiE
E
0O.
O.
rn
O
ln
Cl0
2
(O
C0
Cl
E
0»C
NI
E
la
IL
CQ
0
Q
C
00
0
(0
D
I
0|N
e0
&
0C
lntn
4cl
tn
JD
ta
N
L0
LL
0|'O
C
la
Y00,
M
En
IDL
Vl
0
I
J
Cl
E
O
Cl
8
00S
R
E
Cl
0
CL
Cl0
Ql
m E
8
CO
E&
41 0
JD=
OlE
0 tm0
—2
ta
QL
«5
gl
D E-
LL
0
In
O
Ql
Cl
E c
Ql 0
E
C
0
41
CL IO
a 0
IO
e8
0
ta0.
41 0
(O
N .Cl
0 N
0 C
ta
X
C
ID
0 a
I z
E
rn
C«z
o 0
0 a
N
C
N
O c
00E|C
lg
OlOlL
Cl
Ol
0'0
ta
IU
Ol
Ol
C
N
IT!
09
8
5!
E
Cl
DC
tl!
Cl0
ta
9
ID0
Cl
CO
0
5
& Ol
OL C
CL C
e E
EL 0
O0
O +0
»0
ED
ID
0
E0E
0a
C!
O
55
C
0
E
CL
rn 0E
Io 0
CL0
0C
0 C
«0 0
O~|C00C5!
(L
X
Cl
C0
C
'0
ta
Cl
tn
aa
ID
0
0
O.
I o.
EO
C
rn0
0 0
O 'p
DI 0
Ol
0 e
Cl
0 '0
e EE
C .=
O
CO O
C0
D
Ol
'0
ID
«E
M
Ql
N 3
lac
0 o
010a0
'O~
N
0e (OD
0
I5
(Oog
Cl
O
gl
Op
Z
ta
O 0
O.4
Cl.~
PO 0
M C
OI (O
C
D
al-
ta 5!
Ez
C 0
Ol»
DC 0
0
Cl
N
O
o EO
Y Z
am
«O
CO C
ID
2 o.
4E8|CD D
L C
Cl
m '0L0
'2
tg
Ia
0
ICC
ID
Ia 0
'0 I
Iila N
'0 ie
m
Q0
M O.
0 (O
DZ
ta UJ
(O
tn
gl
0C
Cl
D
E c
E
Cl
0 0
o E
m e
—(O
0
Y E
0 0
0»
a&0
N'0 C
L
I 5-0
D 0
Ia (L
ED) N
ED
N &
C 0
E a
0D LE
C N
ta
N
mern
Eaa
NR„
O
N (L
L (D
rn c C
0
QO
eL
C 0 0
O
OD
pC 01
CZ E
0 —E
0 0
7
gl
5!
0 41
0
O
Otc 0.
C
N
0
ln
la
'8
Clem
ClC
ro
Cl|0
CL
CL
N
ID
0
Ql
0
CL
N
ln
5!
N
ED
cn
Ol
QlC
N
ED
JntaCE
EO
IO
Ql
0
M
ClO
0
(L
tn
ca0
ta
Ql0
0O.
O.
M
ID
0
O.
O
0C
00
C
00
Ql
IL| |---|---|---|---|---|---|---|---|---|---|---|---| |CI
DZI-Z00
COI-Z
OO
cg
~ LOI-
O LI OI
IUI~g
'I (LI
~
LLI~
g& z
LLI ~I-
&~~o
CN
LLI
c+o
LLI I- Z|V
Q
0
IJJ
ILI
IJ.0|'0
4&
C
C00
IhDC
U|ID
0
0.
Cl5
0
CD
E
th
4& 5E
u)
(6
N 0
Ul
5 m
0 «-
y E
C 5
ec
Ea 0
Ih
Cl 0
IDO.5
(4
Gf
ID
5c
Z '
C
U. O
cc0
Ut
ID
Dn
C 6!0
ID-
En
(6
4&
E c
(D
ID
4&
E
rn
E
0 =
Y
IC
pO,a C5
th D
Mc
ID
N
.c ui
M
UtL
c'c
4&
rh
O)
0 C
a (E0
+0 a
a
Eh
c o
thI 5
Cl L
C '
5 9
0. o0
Cl
IO
D E
c +
0 0
Uf
N
00 e
Oe
5» m
0
0.—
OD
Cl «(
c Y
Ul 00
S 0
LL
tn|0
8
U&
IO)
4)
Vl
Ol
ED
CI
M50
5
CD
(0
0&
C
LL
U&
'U
0a
Vt5c
E
E0
ID0L
Cl
'O
O)
'O
C
IO
0O.a0
rh
N
M5
N
Cl
:O
0
I
ID
N
LDc
LL
0
00 3
ce5
00 o
Km
c E
Ul
4&
0) th
JD c
41C D
SI 5|Cl
Cl
hu D
GI '&
0 O.
2 O
0a to
E e
4)c
0) u)
C
M0
(O0)a
ID
0
C
0
c 0
Cl 5
p
Ct
05
N
c 5C
ID
0)a
C
'C) E
ID
DD
C
N
4& O
c m
O)
tD L
Em
0 u)
~ ui
0
4&
o E
ED
41 e
UJ'x Y
4) 0
4& a
Ul
0
Ct0E e
Ec c
a
ID
0
o)m
&
CD mc
I
ID
C
N
tn
LL
ID
E c
Y 0 4)
OMN
a
5
a o&c
N —D
C
egm
Olc
u)
Cl
IO LU
0&. E
c
GI 5
Ill
ID
~ c—
IO
cmo
Ul
Cl
ID
4&
RO-
C 0.
c 5
u)
6!
IO
c Y0a
0 a
4&
Ul
Cl|N
U&
c DnL
0g
Cl
0
O
u)
«- a
o a
En
0
'U 0
c 5
Cl L
En O
E Ci
'D E
2c
0 0
0) Eh
L-
CD
oe
41
E
U&
5
OZ
iam e
c IC
6! 0 0
0
4&
Y D
O EC D
0- u& .=
CL ID C
Om0
u) g
Eh
N
C»EU
D LUg
)0
4& o)
C
o
M
u&
V)
C
4&
V) 2
—'0 6!
Glg 5 ce
E LUD
5 5.=
)5
tn
C
—E.c
0&
min Y
IU
Gt 0
&Ma
4) O.
I
0 (4 Y&
5
a &, UJ
CD
0 5 5
6! LU 5
c Uic
0
IO
U)
OEM
O
5 0 5
ID Ylc
0D Y~p
2 &Y
O'o 5
L a
ID
Cl
(4
ccc
Oc E
00~mco
O
4&Dc
Y uim
0 .—v)
a tn) 5
4I
Gf
Z)a|ul
Vl
Cl
0
Z
C
ID
'D
0
0
CL
CL 0
u) 6!
C005
0
0)
Cm
cD
'Oc
C 0
v- Y
M 0
5
U& 5
cZ
41
Gf
JE
0
C
tD
5E
0
(O
Oc
0 O
u)
E c
5
ID
rh
4)
tt!
4) 0i
5
m
IL 0
u)
N
ID
e
u&
5Z
i
Yf 5
c E
0
'O 0
D
Ul
& 5
.Z
50 p
P O
ID
Nc 5
0 C
EEI
IO0 C
CD
'0 E
UJ 0C
0 e
Cc
0c
0
Dn
» 0
Y o
0'a Gl0
Z 5|rh
IO
0'
«0
C0
0E2
'0
C
IO
tD0L
Gl
O.
E
8
6!
O)
4)
rh
rr&
VJ
Eh
CtC
th
0O.0.
Cp
JE
Vl
0EC0
Ih0)
C
ID
rh
5c
E
E0
R„.
O
V)
u)
V)
4)0
& m
0a 0
0 50
CD
0 0
c 5C
0 e
O o
c ea
0 5
0=
tO
.- E5
c E
Ul
0ED
S &0
0 0
2 a|N
rn 0
0 0
0
m 0
E 'o
E
m
IO
u&
0&5
P C
IL 5
LD
ID
4&
&4&
rn
Gl
&c
'c Z
UJ 0
& E
o E
5:0
IU
c m
4) i
0
I
Cl C
5 h
'O
0
Ih L
0
ID
N
4&
C D
E—
(g 0
O
N
fn
Cl
5o
0
5 5 i
IDL 5 0
m e
mi
a5
mmmm
eE»
U'
m
ma
.Mute
& D
5 5 '
4»& a0
U)DC 0
Gl
EO
Dn
(n C
tn
Cl
JE E
I- 5 O)
O C
CEf&
0 M,&
LL—=
5 co D5
)
fn
th
0 —6!
E e
Dc 5 ~
5c N
Vl
Ih 5
4) 0
z8v|4)Z
CD
E55
COC0
00
«C
E
D
JE0
Gl
i0
C
C
00.a
In
'O
C6!
Ih
05
00
N
ID
DD
C5
O&
C
00.0.
Vl
Eh
5
Ih
tu
Ntl!55
Y!0ca
Gl
F
C)0
I0
Cla
Vl
1&C
0
D
4&
ID0
4)
InL0
5L0
SL|Oe
0
O C
tD
5 0
5 C
c 0
O 0
O.&
NE.E
C
tn
L
E
O&
0
C0
u)
C
E
'O
Cl
41
5
05
0
C0
5
0
IL
4)0
IU'0
00
ID
N
C
IO
'O
C
D
41
Cl
O&
6!
th
th500a o)
c E
0D
a tn
ac
(4
O)
DD 0
\
V)
u& 0
0th
c 5
Vl
5
En
(65
4)E»
41
m4)5
0
c Y0
C Q 0
D D 5
4& C 'U
5 c
5 0
0
Mg
O
rll
Vl
Vl
2 &.c
6!5» CIYI
5
ID C
UID 0C
0
ID0c
IO Cl.
'0
C rnD
5
Oho
IL C 5
Cl
DD (4
Og
O 5
O
IO
U)
Cl
ttl »
a
4& a
u&
tn
—'0 0
Ih «
(4
4&|O&
'O
C
0
5
5D000
C0
00
ID
E0
LU0| |---|---|---|---|---|---|---|---|---|---|---|---|---| |the
N
a0
L-0
QO.
nl
IO
NQ
ID
N2
Q|00
0 N
dl
ld
IIIg
8
0
E
!ID
0 tdC
0 a
I xO|4!
CCI
ot|CI
Ot
Cl
IA
0 Dl O
LA 'll
CO N
CD
Ct!0
N
Dl
'
I
IA «I
IA
CCt
N|CO Dl
N
CD
'lt
ID
Dl
N O
I
CU
W Dl
C- N|0
CD
O
CO
O
CO
O
CO
CO
'
N
«I
Ltl
N|CI
N
Ct
LA
IA
O
CD
N
IA
LA
LA
0
CD||||ID IC
m o
C L
a O.
0 O
a
Gl 0C
N0 08
0
«L
In 0
In
0
CD
0 C0
lV
Ol
m L
In 0
N
dl
0 cl|||NZ
dle
E
E
C
IU
IC
Clt
Cn
td0
0
«t.
O.
dl| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |JD
Ih
C
ID0|Ct
O CC
O O
0 nl
IN C|Ctt|CCODOOCDOO
IA
Cl $ Cl
CO
CU
I
t-
N O t-
CO
N|||||||0a
Cl—'0
C
Gl
O 2|||ID
0
O.
.Eo
0 IA
«0| |IhE
0
0
Gl
thtt!
Q
In
CQ
ID
Q
IU
0
N
TlC
l3e
mCOt
Ne0
CD
C5
8
ID
e
0
m0
Cl
0
20E8
Q|Ih
8
dt ll
00
00 a
$5
N N
II N
td C
o a
NC|CII
CII|I 0 IN
CD
CD O
I
IA
O
CD
0 O
LA
0 I
N
IA I
IA
'CI
LA '4
W
IA O!
0 W
I
I
CD
CO
C
dl
EO.0e e8
) tl
Vl
e c 0
'0
td
OEQ
aQo|00
N
O& Ct!
ID Dl
I
N
N
I
CO
N
CD
I
CD
CD
Ot
O N
'5
0a
Gl
IU
L e
Pp
Ih
m)0
ID
IU
IC
UJ U.|3
'
8
O
CD
0 0
0 0
LA O!
CD
IA
0
O
CO
IA
CD
O
IA N
N
L0
JD
E
4l 0
~ E
Gt
OS|CD
CD
0
N
N
N
LA
Dl|C
4l
E
Cl
e
'0
Cl
'O
I
L|L0
Gl
Ih
IUOl0
Cl
0
Ol
C0C
0
Vl
IU
Cl
m
eC
4l
O
tc
00
a
0
dl
dl
lU
0
Io|GlNdle
0 0
Gl
'Ut
dl
mOl Cl
e K
C
Vl
td
IDOl
C
Gl
0
C0
g
Cl0C
IU
E
0
Ol
Q
Ih
IE 'CD
Cl
4lg
QO
D
0
5 R
C
IO 0
In
E
oE
a O
0 0
C
InO E
0ac Jo
0
dl
e
W
CC
dl
0 C
Ol
8 e-"
C N J
IUC—
e «L
0 am
)
C
(9
Pn 0
em E
0 e
Cl
m
0 ae
O
E
m
OLLoE||Ol
N
0
0
IO
~
O|K
Ol
C6
'id
C8
00
4!
Ce0
'ClC
0
Q
IU
C
Ol
NQ
ld
'0
U.|Ne
J-g
N 2
ID
41
m~
g e
Ih
Il!
IU C
dl
In
IU c
UJ 0
C=
'r E
ID
«4
ID
m LE
0
«4 0
m
tt! 0
O0
N
LA
Q N
ID
0E ).
EO
e
4! 4!
«L0 L
Cl
GI
Q C
0 0 Q
0
lh
Q
0
cl ec
glD
Vl
e0e
IO E
ID
NC
4I
&m0
I
C
Id
IU LL| ||||41
6
C0|||01
C
m
CJ|||9
CL
IO0
010|0aa
(00|||||m
0|N
N
O|4I||CD
IA
09|At
01
N|Ct
'c(|I
0!
01|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||CJ|||||||'0|||||||||||||| |||||||(00
IDe|||(T!Ee
01|Cf
tU00
IO|||||'0
ID|N
N|4I||||||| |||||||CL
LE
L
JD
E
E
S
OD
E|||N(0
O
0
'0
C4!
01C0|C
(De
(O
e
'0
ID
8S|||(0
L
01E
Gl0.
CL||Cl
ff"
'0
S
m
CO
N
(DO|N
N
O|(Lf||O
IA
(9|CO
01
N
(G||01
CO
CO
CO
N|Ct
Ct
CD| |||||||N
m
ID|||(0
0
O
(D|(0|||LE
(0'0
IU||ID
C
N|N
N
CD
N|4I||||O
((!|(A(0
N|(0
Ct
(0| ||||||||||||||e
C||Ct
CD||||||||| |||||||tlf
IJJ
\|||41C
IUe|IO00|||m
IC(0
(00
0||P
0
P|N
Ct
N|te||O
O
N|O
CD
CD|IA
I
CO
(0
O|01
IA
N|ICI
(0
Ct
01| ||||||||||||||GI||||||||||| ||Ci
ZI-Z0
U||||M
m(0
(0
(D'0
41X
01
(U
0
ID|IS
mO
'Cl
Z0'0
C(0
4!e
(U
ID
0!
00.
CL
(0
0
C0!|||0
mO0
m
X
Ct
tlt
M0
CJ
41
0
LE0|41
Tl
IO
(0
0
e
ID
0
'0e
10
Ct
b|t(i||ID
0
(D
JD
01
(0C01
01
Gt
01
0
E
tO
tO
0
'0||'0
Ol
IOC
CO
IO
Gl
CI|(O
N
ClN
(4
N
Cl
00
N
CtN|GJ
te
4!||OO'(0
O
CO
I
CO
(A
N||||CO
(A
N| |I-Z
00
cg
~ COI-
O
LLI 0(J
CV~ g
LLIIO
cL' ro x
ggz
C( IL
~
LLI ~
~bz
LLI P I-
& ~~ o
~+'4s
LLI
xylo||C(4
CD
O
ILI
Ci
Ci
ILI
IZ
LLI|IO
Cf|0
41
Gf
00
JD
IDC
S
O
01e
e
MC
e
01
ee C
m
41
X
Gt
li a'||E
41
0G
(0
og
w N
a+ NO
ID 0
(D0
JD (0
41
M
Gl'0 0
E3 0.
CJ5 o||0
Gl
0C
E|0
N0!
010
O
0
Me
ID
S
S
OD
m
e0
E
LL|4!
01
N,C
N
ID
g 5
M
m
m c
D' 0
4! '0
IJJ C
(U
0 N01
'0 C
41 Oe
e
01
10 41
m o
m
em
mc
(0
8 O||IO
C
m
I-|m0
(D
IUS
t
GtS
Ct
(0
C
4
41
0
C
(0
m
I-|IO
C
0
4\
8
N
IO
Gl
GlC
0
IO
01
mL||||41
S
(0S
CL
(0
S
m
N
Ct
0
(0
m
(0
0
41
C4!
(U
JD
L
LL JD|10S
M(0
m'0
e
X
(C
Gt
'At
C
m|(0
ot
10
t0
4!
ID
JD
5
L
~m|(0
C
m
E
(0
41
C|IOS
JD4!
Ol
e
01
(0
(o
C
41
0|| |LLI|I- Z|IJ.0|||||||||||||||||||||| ## ## ||||||||2023|2022| |---|---|---|---|---|---|---|---|---| ||||||||6|| ||Within one year||||||41,345|36,835| ||Between two and five years||||||51,391|760| ||||||||92,736|37,595| |29|Cash generated
from operations||||||2023|2022| ||||||||6|8| ||Deficit for the year||||||(110,731)|(24,675)| ||Adjustments
for:|||||||| ||Investment
income recognised||in statement||offinancial|activities|(32,351)|(15,932)| ||Fair value gains and losses on||investments||||53,856|(1,594)| ||Amortisation
and impairment|ofintangible|||assets||8,250|| ||Depreciation
and impairment|oftangible||fixed assets|||1,420|6,832| ||Movements
in working
capital:|||||||| ||(Increase)
in debtors||||||(190,383)|(28,992)| ||Increase
in creditors||||||59,412|4,365| ||Increase/(decrease)
in deferred||income||||1,355|(4,880)| ||Cash absorbed
by operations||||||(209,372)|(64,676)| |30|Analysis ofchanges
in net funds|||||||| ||The charity had no debt during||the year.||||||