## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||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| ## ## ## ## ## ## ## ## ##