2022-03-31-accounts

		Contents
			Page
Trustees report			1-8
Independent Examiners" report
Statement ofFinancial	Activities		10
Balance sheet			11-12
Cash flow statement			13
Notes to the financial	statements		14-21

			Reference and administrative	Reference and administrative	Reference and administrative	Reference and administrative	information
Trustees				M Stevenson	(Chair)
				M A Hopwood (Vice Chair)
				M Byrne (Treasurer)
				D Thorne
				JRafferty
				JCockram
				LMaguire
				J Watts-Rees
Registered	office			The Factory
				Jenkin Street
				Porth
				Wales
				CF399PP
Accountants				RH Jeffsk Rowe
				27/28 Gelliwastad		Road
				Pontypridd
				CF372BW
Bank				Co-operative	Bank
Company	Registration		Number	01555311
Charity Registration		Number		1059118

						Total	Total
						year	year
						to	to
			Notes	Unrestricted	Restricted	31/03/22	31/03/21
Income &Endowments
-Grants &Donations			2	68 051	62,552	130,603	169,534
Activities for Generating	Funds:
-Charitable activities				9,333		9,333	1,523
Other income				560		560	111
Total Income &Endowments				77,944	62,552	140,496	171,168
Expenditure
Charitable activities				39,600	93,265	132,865	137,945
Total Expenditure				39,600	93,265	132,865	137,945
Movement in total funds		for the year:
Net Income/(Expenditure)		for the year		38,344	30,713	7,631	33,223
Total Funds brought forward				48,529	53,159	101,688	68,465
Total Funds carried forward				86,873	22,446	109,319	101,688

			Balance sheet
			as at 31stMarch	2022
				2022		2021
			Notes
Fixed Assets
Property, plant and equipment					28,574		33,236
Current Assets
Debtors			12,027			536
Cash at bank	and in	hand	73,757			70,932
			85,784			71,468
Creditors: amounts		falling
due within	one year		(5,039)			(3,016)
Net Current	assets				80,745		68,452
Net Assets					109,319		101,688
Funds
Unrestricted	Funds		10		86,873		48,529
Restricted Funds			11 .		22,446		53,159
					109,319		101,688

								year	year
								ended	ended
								March	March
								2022	2021
							Notes
Reconciliation		ofoperating		profit to net
cash inflow from operating				activities
Operating	profit							7,631	33,224
Depreciation								4,962	4,916
(Increase)/(Increase)			in debtors					(11,491)	114
Increase	in creditors							2,023	(9,190)
Net cash	inflow	from operating				activities		3,125	29,064
Net cash	inflow	from operating			activities			3,125	29,064
Capital expenditure								(300)	(3,074)
Increase	in cash in		the year					2,825	25,990
Opening	Cash	and	Cash equivalents					70,932	52,074
Closing	Cash and Cash equivalents							73,757	78,064

Income k Endowments				Total	Total
				year to	year to
				31/03/22	31/03/21
Included within Income	k, Endowments		for the year are:
Grants 4Donations
Arts Council ofWales:	Covid 19	Support	for Arts	25,753	38,179
Arts Council ofWales:	What Next Cymoedd			1,755
The National Lottery Community		Fund			84,375
Interlink RCT				2,763
Sports Wales and WAG: Healthy		and Active Fund		14,786	13,806
Interlink RCT: Covid 19Small Capital Grant					919
Interlink RCT:Welsh Government		Covid 19Relief			1,100
Vol Factor (Gwirvol) Youth Led Grants					2,500
Moondance Foundation				28,543
TNL Community Fund:	Awards For All			9,823
Rhondda Cynon Taff				26,192
Vol Act MT				5,000
WCVA				3,941
Youth Support Group				6,919
RHA				1,328
Comic Relief					9,163
BBCChildren in Need					18,322
Community Foundation	Wales				1,170
Eye to Eye				1,600
Addo Creative				2,200
				130,603	169,534
Charitable activities:
Fees				9,333	1,523
				9,333	1,523
Other income:
New Horizons					105
Vol Factor expenses					157
Small Donations				111
Bank Interest Received				449	151
				560

Net Incomin	g (Outgoing)/Resources	Total year to 31/03/22	Total year to 31/03/21
This is stated	after charging/(crediting):
Independent	Examination	1,000	1,000

Expenditure		Total	Total
		year to	year to
		31March 22	31March 21
Costs directly allocated to activities
Wages &Salaries including	Taxes	103,190	103,024
Materials, Props, Resources	&Training	9,724	12,357
Premises		3,350	3,000
Costs directly allocated to activities		116,264	118,381
Support costs allocated to activities
Insurance		2,191	2,074
Affiliation fees		725	633
Printing, postage and stationery		906	882
Telephone		641	295
Computer costs		901	639
Travelling		1,590	1,043
Legal and professional		2,990	7,568
Consultancy fees		681	450
Accountancy		1,000	1,000
Bank charges		1	18
Sundry expenses		13	46
Depreciation on fixtures &equipment		1,791	1,745
Depreciation on motor vehicles		3,171	3,171
Support costs		16,601	19,564
Total Expenditure		132,865	137,945

			Total	Total
			year to	year to
			31/03/22	31/03/21
Net	Wages	paid	103,190	103,024
			103,190	103,024

Tangible fixed assets		Motor
	Equipment	vehicles	Total
Cost
31March 2021	92,432	31,709	124,141
Additions	300		300
At 31March 2022	92,732	31,709	124,441
Depreciation
31March 2021	84,563	6,342	90,905
Charge for the year	1,791	3,171	4,962
At 31March 2022	86,354	9,513	95,867
Net book values
At 31March 2022	6,378	22,196	28,574
At 31March 2021	7,869	25,367	33,236

8.	Debtors			31/03/22
	Accrued Income			11,869
	Other debtors			158	536
				12,027	536
9.	Creditors: amounts	falling due		31/03/22
	within one year
	Other taxes and social security costs			1,586
	Accruals			3,453	3,016
				5,039	3,016
10.	Analysis ofNet Assets between Funds				Total
			Unrestricted	Restricted	31/03/22
	Tangible Fixed Assets		4,897	23,677	28,574
	Net Current Assefs		81,976	1,231	80,745
			86,873	22,446	109,319

				At 1Apr	At 1Apr	Incoming	Outgoing	At 31stMar
					2021	Resources	Resources	2022
Moondance Foundation						28,543	28,543
Track 2000 Legacy Fund*					25,367		2,922	22,445
The National	Lottery Community		Fund		4,184		4, 184
Sports Wales	and	WAG: Healthy	and Active Fu8cP92			11,394	14,786
Arts Council	Wales; Covid 19Support			for	Arts15,606	4,048	19,654
Arts Council	Wales: What Next		Cymoedd		1,045	195	1,240
BBCChildren	in	Need			3,564		3,564
TNL Community		Fund:Awards	For All			9,823	9,823
Voluntary Action						5,000	5,000
Interlink RCT						2,000	2,000
RHA						608	608
WCVA						941	941
					53,159	62,552	(93,265)	22,446
Unrestricted	Funds				48,529	77,944	39,601	86,873
Total Funds					101,688	140,496	132,866	109,319

						31	March 2022	31	March 2021
Income
Fees							9,333		1,523
Arts Council ofWales							27,508		38,179
Big Lottery Fund									84,375
Interlink RCT							2,763
Sports Wales and			WAG: Healthy		and Active Fund		14,786		13,806
BBCChildren	in		Need						18,322
Community Foundation				Wales					1,170
Comic Relief									9,163
Interlink RCT:	Covid 19Small Capital Grant								919
Interlink RCT:	Welsh Government				Covid 19Relief				1,100
Vol Factor (Gwirvol) Youth Led					Grants				2,500
Moondance Foundation							28,543
Eye to Eye							1,600
Addo Creative							2,200
TNL Community			Fund:	Awards For All			9,823
Rhondda Cynon Taff							26,192
Vol Act MT							5,000
WCVA							3,941
Youth Support	Group						6,919
RHA							1,328
							139,936		171,057
Expenditure
Materials, Props,		Resources &Training				9,724		12,357
Wages and salaries						103,190		103,024
Premises						3,350		3,000
Insurance						2,191		2,074
Affiliation fees						725		633
Printing, postage		and stationery				906		882
Telephone						641		295
Computer costs						901		639
Travelling						1,590		1,043
Legal and professional						2,990		7,568
Consultancy fees						681		450
Bank charges						1		18
Sundry expenses						13		46
Depreciation on	fixtures			&equipment		1,791		1,745
Depreciation on	motor vehicles					3,171		3,171
Accountancy						1,000		1,000
							132,865		137,945
Other operating		income
Other income							560
Operating profit							7,631		33,223