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2023-06-30-accounts

Trustees Miss K M Davics
Mr L James
Mr W L Willaims
Mrs H Wlnte (Appointed 25 November 2022 i
Mrs H K Buckley (Appomted 25 No~ember 20221
Mr RA Williams (Appointed 25 November 2022i
Mr W Lewis (Appoiiited 25 October 2023)
Ms A Lewis (Appomtcd 25 October 20233
Charity number 1057550
Compaay number 03202751
Registered oftlce Dragon
pare
National
Football Dcvclopmtmt		 Ccntrc
Newport
Inteniational		 Sport Village
Newport
United Kingdom
NPI94RA
Auditor UHY Hacker Young
Bradbury
House
Mission Court
Newport
Gweni
United
Kingdom
NP202DW

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2023 2022
Notes
Fixed assets
Tanpble
amsets		 ll 3.622 21,807
lnvcstmcnts 12 I
3,623 21,808
Current
assets
Stocks 14 4,573
Debtors 15 3,686,348 359.788
Cash at bank and m hand 5,619,218 3251,977
9,305,566 3.616,338
Creditors: amouats faging duc vtitbin onc
year 16 (3,934,2111 (1,414.8133
Net current assets 5,371.355 2 201 525
Total assets less current liabilities 5,374.978 2,223,333
Income funds
Restncted funds 19 3,635,812 500,000
Unrestncted funds 1,739.166 1,723,333
5,374.978 2,223,333

Year ended I5 months
ended
30June 2023 30June 2022
Notes
Cash flows from operating
activities
Cash generated
from/(absorbed
by)		 operations 23 2,240.142 (154,476)
Investing activities
Purchase oftangible
fixed		 assets (3,033)
Proceeds from disposal of tangible tixed assets 21,006
Proceeds from disposal of mvestments 360,549
lnvcstnmni mcomc rcccivcd 101,125 12,367
Net cash generated
fruni		 iavesting activities 119,096 372,916
Nct cash used in financiag activities
Net Increase in cash and cash equivalents 2,367.240 210,440
Cash and cash equivalents at beginning ot' Year 3,251.977 3,031,537
Cash and mtsh cqulvalcnts at cnd ofYear 5,619.210 3,251,977

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funds funds
Year ended 15months ended
30June 2023 30June 2022
f
Other mcomc 306,164 45,571
Letting and licensing arrangunents 43 I85 92,540
Sponsorships 286,869
Other trading activiucs 349,649 424,9110
Unrestricted Unrestricted Unrestricted
funds funds
Year ended5 months ended
311June 2023 30June 2022
Interest receivable 101,125 12,367
Raising funds
Total Unrestricted
funds
Year ceded 15 months ended
30June 2023 30June 2022
f
Statf costs 39,lg I
39,381
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The av erage m onthly
number ofemployees
dunng
the Y		 ear was:
2023 2022
Number Number
Employment costs Year endetg5 months ended
30June 2023 30June 2022
f
Wage and salaries 206.935 l,g34,630
Social security costs 22,360 I gs2,550
Other pension costs 162,240
229,295 2, 179.420

ll Tangilile fixed assets Tangilile fixed assets Tangilile fixed assets Tangilile fixed assets
Fixtures andVlotor vehicles Total
Rttings
Cost
At
I July 2022		 327,115 11248 338,363
Additions 3,833 3,833
Disposals (327.114) (11,248) (338.362)
At 30Junc 2023
Depreciatioa
and		 impairment
At
I July 2022		 305,309 11,248 316,557
Depreciation charged m the Year 211 211
Eliminaicd m rcspcct ofdisposals (305508) (11,248) (316.556)
At 30Junc 2023 212 212
Carrying amount
At 30June 2023 3,622 3,622
At 30Junc 2022 21407 21,807
12 Fixed asset investmenH
Other investmeats
Cost or valuation
At
I Julv 2022 &		 30June 2023
Carrying amnunt
At 30June 2023
At 30June 2022
2023 2022
Other investments comprise: Notes
Investmenh m subsnluines

16 Creditors:
amounts		 Creditors:
amounts		 faHing due within faHing due within one year
2023 2022
Notes 8
Other taxation and social secunty 9,138 18,047
Govcmmcnt
grants		 17 179,540
Trailc crcllltom 3,876.213 337,810
Amounts
owed		 to subsidiary undertakmgs 22,501
Accruals
and deferred		 mcome fi56,915
3,934,211 1,414,813

Deferred mcome is mcluded m the finanmal statemmts as folloivs:
2023 2022
f.
Deferred mcome is mcluded withm:
('urrcnt liabihucs 179,540
Movclncllis
111ihc Yca
Deferred income .it I Julv 2022 I79,540 914,125
Released fiom previous
pet		 iixls (I79,540) (800,040)
Resources deferred
in the Year		 65,455
Dcfcrrcd mcomc at 30Junc 2023 179,540

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20 Aaalysis ofnet assets betweea Aaalysis ofnet assets betweea Aaalysis ofnet assets betweea funds
Linrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2022 2022 2022
f
Fund balances at 30 June
2023 are repres«nted by:
Tangible assets 3.622 3,622 21,807 21,807
Investments I I I
Cuncnt assets (hsbihtics) 5,371.355 5.371,355 1,701.525 500,000 2,201,525
5,374,978 5,374,978 1,723,333 500,000 2,223,333
2023 2022
f
Within one ymr 100,000 130,879
Bctwccn two and five years 400.000 424,813
In over five yearn 575,000 600,(00
1,075.000 1,155,692

No Trustee are part ofthe key management ofthe key management ofthe key management persoanel persoanel ofPare Y Ddraig Limited, a subsidiary ofPare Y Ddraig Limited, a subsidiary ofthe Foundation
in		 the the
current )car (30Jun 2022: onc). Dunng thc year an amount of2264,981 (30Junc 2022:8268,810)was paid by thc
Foundation
for maintenance
costs		 An amount offnil (30June 2022 f47915)was received from I'arc Y Ddraig Limited
in
re(stain to rcchargcs At thc year cnd. an amiiunt off84,547 (30 tune 2022: 6(50,1)06)wav nwcd to thc Foundation; this
amount
v as held in		 debtors tslhng due within one year. The trade crediton balance due to Pare Y Ddraig Limited at the
year cnd was fnil (30.I unc 2022: fnil) with a further gnil (30Junc 2022 622,500) included in accruals. Both amounts arc
included
m crediton		 falling due withm one year in tlie pnor year
23 Cash generated
from operations		 2023 2022
g
Surplus/(detimt)
for		 the Year 3,151,645 (159,659)
Adjustmenb
for
Investment
mcome		 recogmsed
m		 statement of financial
activities		 (101,125) (12,367)
Depreciation
and impairment
oftangible		 ftxwt assets 2( I 14,296
Movcmcnts
m workmg capital:
Deci«aver(incr«assi in stocks 4,573 (653)
(Increase) decrease m debtors (3,326,560) 519,884
Incr« ise in crediton 2.698,93tl 2(tl,608
(Decrease)
in deferred
mcome		 (179,540) (734,585)
Cash generated
from/(absorbed		 by) operations 2,'48, 142 (154,476)
24 Company
Llmlted		 bi Guarantee