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2023-03-31-accounts

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies 67 67 1,839
Charitable
activities
Third Sector Support 274,333 279,406 553,739 545,477
Other trading activities 5,815 5,815 2,527
Investment
income		 26,630 26,630 28,629
Total 306,845 279,406 586,251 578,472
EXPENDITURE ON
Raising funds 35,563 35,563 56,286
Charitable
activities
Third Sector Support 285,175 247,798 532,973 560,308
Other 27,000 27,000 36,000
Total 347,738 247,798 595,536 652,594
NET INCOME/(EXPENDITURE) (40,893) 31,608 (9,285) (74,122)
Transfers between funds 18 45,100 (45,100)
Other recognised
gains(posses)
Actuarial
gains on defined benefit schemes		 910,000 910,000 187,000
Net movement ia funds 914,207 (13,492) 900,715 112,878
RECONCILIATION OFFUNDS
Total funds brought
forward		 (395,835) 152,130 (243,705) (356,583)
TOTAL FUNDS CARRIED FORWARD 518,372 138,638 657,010 (243,705)

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes 8 8
FIXEDASSETS
Tangible assets 13 18,878 104,750 123,628 141,096
CURRENT ASSETS
Debtors 14 32,120 51,251 83,3'/1 25,421
Cash at bank and in hand 255,819 5,417 261,236 316,026
287,939 56,668 344,607 341,447
CREDITORS
Ainounts
falling due within one year		 15 (29,181) (22,780) (51,961) (76,674)
NET CURRENT ASSETS 258,758 33,888 292,646 264,773
TOTAL ASSETSLESSCURRENT
LIABILITIES 277,636 138,638 416,274 405,869
CREDITORS
Amounts
falling due afier more than one year		 16 (4,264) (4,264) (11,574)
PENSION ASSET/(LIABILITY) 19 245,000 245,000 (638,000)
NKT A'3SETS/(LIABILITIES) 518,372 138,638 657,010 (243,705)
FUNDS 18
Unrestricted
funds		 518,372 (395,835)
Restricted funds 138,638 152,130
TOTAL FUNDS 657,010 (243,705)

31.3.23 31.3.22
Notes
Cash flows from operating activities
Cash generated fium operations (45,827) (32,469)
Net cash used in operating activities (45,827) (32,469)
Cash flows from investing activities
Pumhase oftangible fixed assets (3*343) (4,797)
Interest received 1,690 29
Net cash used in investing activities (1,653) (4,768)
Cash flows from financing activities
Capital repayments
in year		 (7,310) (7,310)
Net cash used in financing activities (7,310) (7,310)
Change in cash and cash equivalents in
the reporting period (54,790) (44,547)
Cash and cash equivalents at the
beginning ofthe reporting period 316,026 360,573
Cash and cash equivalents at the end of
the reporting
period		 261,236 316,026

RECONCILIATION
OFNET E
ACTIVITIES		 XPENDITURE TONET CASH FLOW FROM OPERATING
31.3.23 31.3.22
Net expenditure
for the reporting		 period (as per tbe Statement of
Financial Activities) (9385) (74,122)
Adjustments
for:
Depreciation
charges		 20,811 20,432
Interest received (1,690) (29)
(increase)/decrease
in debtors		 (57,950) 64,463
Decrease in creditors (24,713) (79,213)
Difference between pension charge and cash contributions 27,000 36,000
Net cash used in operations (45,827) (32,469)

ANALYSIS OFCHANGES IN NET FUND S
At 1.4.22 Cash flow At31.3.23
Net cash
Cash at bank and in hand 316,026 (54,790) 261,236
316,026 (54,790) 261,236
Debt
Finance leases (18,884) 7,310 (11,574)
(18,884) 7,310 (11,574)
297,142 (47,480) 249,662

DONATIONS
AND LEGACIES
31.3.23 31.3.22
Donations 67 115
Membership 1,724
67 1,839

3, OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES
31.3.23 31.3.22
Photocopying
snd telephone		 charges 8 13
Training workshops 1,668 554
Room Hire 2,169
Office cleaning 1,170 1,560
Consultancy 800 400
5,815 2,527
4. INVESTMENT INCOME
31.3.23 31.3.22
Rents received 24,940 28,600
Deposit account interest 1,690 29
26,630 28,629
5. INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Third
Sector Total
Support activities
Thlnl sector stlpport 32,542 10,391
Grants is 521,197 535,086
553,739 545,477
Grants received, included in the above, are as follows:
31.3.23 31.3.22
WCVA - Third Sector Support Wales 216,681 189,367
Carmarthenshire County Council 25,110 25,110
Gwirvol Youth Led Grant 6,650 6,650
Transformation Programme 61,859
Health and Wellbeiag fICF/I'ransfotmation) 41,000
South West Wales Connected Community Rail Partnership 20,000 33,247
National
Lottery		 Community Fund —The New Infiastructure Progmnune 49,353
Winter Pressures (WCVA) 60,523
Carmarthenshire County Council Food Poverty Fund 10,400
Welsh Govenment
Connect Communities		 Loneliness and Isolation Fund
2021-2024 22,727 22,727
Cammthenshlre County Council Community Carers Funding 30,000 30,000
Carried forward 321,168 530,236

5. INCOME FROM CHARITABLE ACTIVITIES -continued
31.3.23 31.3.22
I
Brought forward 321,168 530336
Carmarthenshire
County Council - Carmarthenshire		 Local Action Group-
Leader 14,787 4,850
Carmatthenshire
County Council Catalyst 4Care		 3,884
Comic Relief (WCVA) 96,667
Sustainable Food Places 8,000
Child Poverty Fund (WCVA) 2,000
RIP - Volunteering
(CCC)		 32,043
RIF - Health &Wellbeing (CCC) 42,648
521,197 535,086
6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (seenote costs (see
Costs 7)I note 8)
g		 Totals
Third Sector Support 261,558 171,719 99,696 532,973
7. GRANTS PAYABLE
31.3.23 31.3.22
Third Sector Support 171,719 159,714

SUPPORT COSTS
Governance
Management Other costs Totals
f. f.
Third Sector Support 76,161 13,923 9,612 99,696
NKT INCOME/(EXPENDITURE)
Net income/(expenditure) is stated atter charging/(crediting):
31.3.23 31.3.22
Auditors'
remuneration		 4,550 4,140
Auditors'
remuneration		 for non audit work 5,062 3,060
Depreciation - owned assets 13,501 13,122
Depreciafion - assets on hire purchase contracts and finance leases 7,310 7,310

STAFFCOSTS
31.3.23 31.322
I
Wages and salaries 270,662 263,659
Social security costs 18,744 18,280
Other pension costs 34,342 38,699
323,748 320,638
The average monthly
numb		 er ofemployees
during the year		 wss as follows:
31.3.23 31.3,22
Support and administrative staff 1 2
Managerial staff 1 1
Third sector support 10 9
12 12

Support and admin staff(1),Managerial
staff(1)and Project workers (8),being atota		 Support and admin staff(1),Managerial
staff(1)and Project workers (8),being atota		 l of9.
COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,839 1,839
Charitable
activities
Third Sector Support 224,868 320,609 545,477
Other trading activities 2,527 2,527
Investment
income		 28,629 28,629
Total 257,863 320,609 578,472
EXPENDITURE ON
Raising funds 56,286 56,286
Charitable
activities
Third Sector Support 226,986 333,322 560,308
36,000 36,000 ..I
Total 319,272 333,322 652,594
NET INCOME/(EXPENDITURE) (61,409) (12,713) (74,122)
Transfers between funds 33,760 (33,760)
Other recognised
gains/uosscs)
Actuarial
gains on defined benefit schemes		 187,000 187,000
Net movement
in funds		 159,351 (46,473) 112,878
RECONCILIATION OFFUNDS
Total funds brought forward (555,186) 198,603 (356,583)
TOTAL FUNDS CARRIED FORWARD (395,835) 152,130 (243,705)

TANGIBLE FIXEDASSE TS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
8 6
COST
At 1April 2022 266,483 100,901 1,200 46,400 414,984
Additions 3,343 3,343
At 31Mmch 2023 266,483 100,901 1,200 49,743 418,327
DEPRECIATION
At 1 April 2022 149,231 100,901 1,200 22,556 273,888
Charge foryear 10,659 10,152 20,811
At 31March 2023 159,890 100,901 1,200 32,708 294,699
NET BOOKVALUE
At 31March 2023 106,593 17,035 123,628
At 31March 2022 117,252 23,844 141,096
Computer
equipment
COST
At IApril 2022 and 31March 2023 36,549
DEPRECIATION
At IApril 2022 17,666
Charge for year 7,310
At 31March 2023 24,976
NET IKIOKVALUE
At 31March 2023 11,573
At 31March 2022 18,883

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
Trade debtors 1,391 220
Other debtors 520
Grant debtor 77,960 21,070
Prepayments
and accrued income		 3,500 4,131
83,371 25,421
CREDITORS t AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
Finance leases (see note 17) 7,310 7,310
Trade creditors 5&183 7,576
Social security and other taxes 4,801 10,2]8
Other creditors 3,430 14,211
Deferred income 7,150
Accrued expenses 31,237 30409
51,961 76,674
Deferred income consists ofrental income, membership
income		 and other income invoiced in advance:
31.3.23
Balance brought forward 7,150
Released in the year (7,150)
Deferred in the year

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
Unrestricted
funds
General fund (395,835) 869,107 2,936 476,208
Capacity Fund 42,164 42,164
(395,835) 869,107 45,100 518,372
Restricted funds
The Mount-NAW-Capital 88,000 (8,000) 80,000
The Mount - Lottery - Capital 27,225 (2,475) 24,750
Gwirvol Youth Led Grant 13,480 6,650 20,130
CUSP/Health
and Wellbeing Fund		 10,741 (10,741)
Transformation
Fund		 4,518 (1,070) (3,068) 380
Dementia (ICF)Fund 3,686 (3,576) 110
Welsh Government
Comnavirus		 recovery
fund 17,268 (17468)
Welsh Government
Grant distribution		 fund 4,073 (4,073)
Changemakers
fund		 (150) 150
Food Poverty fund 4,776 (3,673) (1,103)
Winter Pressures grant distribution fund 3,228 3,228
Unpaid Carers Respite grant fund 3/94 1,697 (3,750) 1,241
Leader Maximising
Youth Volunteering		 3,639 (3,639)
Catalyst forCare fund 3,884 (1,608) 2,276
Sustainable Food Places fund 6,392 6,392
Comic ReliefRegional Grant Disnibution
fund 131 131
152,130 31,608 (45,100) 138,638
TOTAL FUNDS (243,705) 900,715 657&010

incoming Resources Gains and Movement
resorlrces expended losses in funds
f,
Unrestricted
funds
General fund 306,845 (347,738) 910,000 869,107
Restricted funds
The Mount-NAW-Capital (8,000) (8,000)
The Mount - Lottery - Capital (2,475) (2,475)
Gwirvol Youth Led Grant 6,650 6,650
CUSP/Health
and Wellbeing		 Fund 42,648 (31,907) 10,741
Transformation
Fund		 32,043 (33,113) (1,070)
Dementia (ICF)Fund (3,576) (3,576)
Welsh Government Coronavirus recovery
fund 17,268 17/68
Changemakers
fund		 20,000 (20,000)
Food Poverty fund (3,673) (3,673)
Loneliness and Isolation grant fund 22,727 (22,727)
Unpaid Carers Respite grant fund 30,000 (28,303) 1,697
Leader Maximising Youth Volunteering 14,787 (11,148) 3,639
Catalyst forCare fund 3,884 3,884
Sustainable
Food Places fund		 8,000 (1,608) 6,392
Comic Relief Regional Grant Distribution
fund 96,667 (96,536) 131
Child Poverly Fund 2,000 (2,000)
279,406 (247,798) 31,608
TOTAL FUNDS 586,251 (595,536) 910,000 900,715

Net Tmnsfers
movement between At
At 1.4.21 in funds funds 31.3.22
Unrestricted
funds
General fund (555,186) 125,591 33,760 (395,835)
Restricted funds
The Mount-NAW-Capital 96,000 (8,000) 88,000
The Mount - Lottery - Capital 29,700 (2,475) 27,225
Gwirvol Youth Led Grant 10,830 2,650 13,480
CUSP/Health
and Wellbeing		 Fund 17,184 (17,184)
Tmnsformation
Fund		 18,403 (10,490) (3,395) 4,518
Dementia UCF) Fund 8,686 (5,000) 3,686
Welsh Government
Grant		 distribution fund 31,769 (27,555) (141) 4,073
Comic Relief Grant Distribution fund 3359 (3,500) 141
Changemakers
fund
NLCF New Infrastructure
Food Poverty fund		 fund (144) 1,994
1,599
4,776		 (2,000)
(1,599)		 (150)
4,7'/6
Winter Pressures
fund		 12,810 (12,810)
Winter Pressures
grant distribution		 fund 3,228 3,228
Unpaid Carers Respite grant fund 3,294 3,294
198,603 (12,713) (33,760) 152,130
TOTAL FUNDS (356,583) 112,878 (243,705)

Incoming Resources Gains and Movement
resources expended losses in funds
f, g
Unrestricted
funds
General fund 257,863 (319,272) 187,000 125,591
Restricted funds
The Mount-NAW-Capital (8,000) (8,000)
The Mount - Lottery - Capital (2,475) (2,475)
Gwirvol Youth Led Grant 6,650 (4,000) 2,650
CUSP/Health
and Wellbeing		 Fund 41,000 (23,816) 17,184
Transformation
Fund		 61,859 (72,349) (10,490)
Dementia GCF)Fund (5,000) (5,000)
Welsh Government
Grant		 distribution fund (27,555) (27,555)
Comic Relief Grant Distribution fund (3,500) (3,500)
Changemakers
fund		 33,247 (31,253) 1,994
NLCF New Infrastructure fund 49,353 (47,754) 1,599
Food Poverty fund 10,400 (5,624) 4,776
Winter Pressures
fund		 30,523 (17,713) 12,810
Winter Pressures grant distribution fund 30,000 (30,000)
Loneliness
and Isolation grant		 fund 22,727 (22,727)
Unpaid Carers Respite grant fund 30,000 (26,706) 3,294
Leader Maximising
Youth		 Volunteering 4,850 (4,850)
320,609 (333,322) (12,713)
TOTAL FUNDS 578,472 (652,594) 187,000 112,878
RESERVES 2022 Movement 2023
Restricted funds 152,130 (13,492) 138&638
General fund 242,165 (10,957) 231,208
Designated
fund - Capacity		 fund 42,164 42,164
Total reserves before pension deficit 394,295 17,715 412,010
Defined benefit pension fund (638,000) 883,000 245,000
Total reserves (243,705) 900,715 657,010

Rate ofCPIinflation
Rate ofincrease in salaries
Rate ofincrease in pensions
Discount rate		 2023
270%
420%
280%
4.80%		 2022
3.30%
4,80%
3.40%
2.80%
The major categories ofscheme assets are as follows:
2022 2023
2022		 2022
Equities
Government
bonds
Other bonds		 1,737i000
12,000
166,000		 74.4%
0.5%
7.1%
1,725,000
31,000
188,000		 72.3%
1.3%
7.9%
Property
Cash/liquidity
Other		 315,000
16,000
89,000		 13.5%
0.7%
3.8%
313,000
41,000
88,000		 13.1%
1.7%
3.7%
2,335,000 2,386,000
The movement
in deficit during		 the year is as follows:
2023 2022
Total present value ofbenefit obligations
Fair value ofplan assets		 2,090,000
(2,335,000)
3,024,000
(2,386,000)
(Surplus)/Deficit (245000) 638,000
The change in benefit obligation during period the year is as follows:
2023 2022
I
Benefit obligation at the beginning ofthe year
Current service costs
Interest on pension liabilities
Members contributions
Past service costs (gain)		 3,024,000
39,000
86,000
6,000
3,011,000
53,000
63,000
7,000

EMPLOYEE BENEF ITOBLIGATIONS - continued
Actuarial
(gains)/losses		 on liabilities (1,028,000) (74,000)
Curtailments
Settlements
Benefits/transfers
paid		 (37,000) (36,000)
Business combinations
Benefit obligation
at end ofperiod		 2,090,000 3,024,000
The change in the plan assets during the year is as follows:
2023 2022
Fair value ofplan assets at the beginning ofthe year 2,386,000 2,222,000
Interest on plan assets 67,000 47,000
Actuarial
gains/(losses)		 on assets (118,000) 113,000
Administration
expenses		 (1,000)
Business combinations
Settlements
Employer contributions 31,000 34,000
Member contributions 6,000 7,000
Benefits/transfers
paid		 (37,000) (36,000)
Fair value ofplan assets at end ofperiod 2,335,000 2,386,000
Analysis ofamounts r ecogn ised in the Statement ofFinancial Acti vities:
2023 2022
f
Cunent service costs 39,000 53,000
Past service costs
Administration
expenses		 1,000
Net finance (interest)/costs 19,000 16,000
58,000 70,000
Total costs recognised in SOFA
Statement ofactuarial gains and losses:
2023 2022
Actuarial
gains/(losses)		 on liabilities 1,028,000 74,000
Actuarial
gains/(losses)		 on assets (118,000) 113,000
Total actuarial gain/(losses) on defined benefit scheme 910,000 187,000