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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 03407991 REGISTERED CHARITY NUMBER: 1063949

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR DEWIS LIMITED

Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

DEWIS LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Repor of the Trustees 1
to 5
Independent Examiner's Repor 6
Statement of Financial Activities 7
Statement of Financial Position 8
Statement of Cash Flows 9
Notes to the Statement of Cash Flows 10
Notes to the Financial Statements 11
to20
Detailed Statement of Financial Activities 21
to22

DEWIS LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Our Charitable Objects:

"to carry on for the benefit of the community the business of providing housing and associated amenities for persons in necessitous circumstances upon terms appropriate to their means and providing for aged persons in need thereof housing and any associated amenities specially designed or adapted to meet the disabilities and requirements of such persons. In providing housing and associated amenities for persons in necessitous circumstances, the charity is able to rent properties to those in such circumstances."

Our VALUES:

o Respect, Promote and Encourage o Include, Consult and Support

o Empower, Listen and Learn

Our MISSION STATEMENT:

Our mission is to alleviate homelessness by providing specialist support to young people, especially those with complex needs, who are homeless or at rfsk of being homeless, aiming to improve their current circumstances and build resilience for the future. We do this by offering flexible, quality supported housing services to meet individual needs. We create positive change and independence through coproduction with the young people who are the core of our delivery, combined with responsive outcomes focussed support.

Significant activities

Summarised below are the referrals and accommodation statistics during the year.

Suppored Accommodation Scheme
No of Referrals Received 53
No of Referrals Accommodated 12
C/F Accommodated 1
Total No Accommodated 2021-22 13
Bond Board Scheme
No of Referrals Received 186
No of Referrals Accommodated 7
C/F Accommodated 4
Total No Accommodated 2021-22 11
Crisis Suppor Scheme
No of Referrals Received 10
No of Referrals Accommodated 10
C/F Accommodated 4
Total No Accommodated 2021-22 14
Rapid Suppor and Step Down Scheme
No of Referrals Received
No of Referrals Accmmodated		 6
6
C/F Accommodated 6
Total No Accmmodated 2021-22 12
Transition Suppor Scheme
No of Referrals Received 53
No of Referrals Accmmodated 6
C/F Accommodated 7
Total No Accommodated 2021-22 13

Page 1

DEWIS LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES Public benefit

When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit, in particular, the focus of our activities continues to be providing supported accommodation and related services to young people aged 16 -25. We also work closely with all our partners to address identified needs within the strategies of the Local Authonity and Welsh Government.

I

FINANCIALIREVIEW

Principal funding sources

The principal funding sources for the charity aside from rental receipts from Housing Benefit payments are by way of grants and contract income mainly from Neath Port Talbot and Bridgend County Borough Councils and the Welsh Government.

Under the Memorandum and Articles of Association, the charity has the powers to invest any way the trustees wish. The Trustees, having regard to the liquidity requirements of operating the charity and to the reserves policy, have the intention of keeping any surplus funds available in interest bearing deposit accounts.

Reserves pplicy

The Board �as set out the charity's reserve policy to enable trustees to be in proper financial control of the organisation and meet its legal obligations. The reserve policy is a product of the charity's strategic planning, budgeting and risk management process. This policy is non static and will be reviewed on an annual basis by the Board of Trustees.

The Board has set the reserves policy based on the following:-

-Contingency planning-critical costs

On reviewil)g the reserves policy annually the Board will review the organisation's financial circumstances and operational :environment and ensure that the level of reserves is monitored as part of the budget and financial reporting process.

Page2

DEWIS LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENTS AND IMPACT DURING THE YEAR

During 2021-22 a total of 63 young people were accommodated across our services. We mobilised an additional room as part of our Crisis Support Scheme in Port Talbot to meet presenting need. We successfully moved on 18 young people during the period. We continued to work through Covid guidance and adapt our services and delivery across the year to ensure our work was safe and compliant, we mobilised our offices when it was safe to do so, and supported staff in their return to the office based work environment.

PROGRESS AGAINST OUR STRATEGIC PRIORITIES 2021/22

We focussed on Future Sustainability as our Strategic Priority for the year, building on our Lloyds Bank Foundation Grant supported priorities and working with our Development Partner to focus on key strands within our business plans. We achieved our outcomes as detailed below:

1. Financial Stability

We exceeded our budgeted end of year position by extending one of our current contracts, and proactively engaging in funding and grant opportunities. We secured a Third Sector Resilience Fund to further support our Central Costs following a challenging pandemic period, when opportunities to develop new work were limited.

2. Opportunity and Innovation

We reviewed our service models and staffing, adapting and improving our services in line with best practice and local priority needs. We reviewed bid and tender opportunities throughout the year and responded to opportunities. We engaged positively with our partners through participation in National, Regional and Local consultation, workshops and forums; and engaged positively with those who commission our services to understand the local challenges and support them in meeting the presenting needs.

3. Quality and Outcomes

We used feedback from our stakeholders including the young people we support, professionals who support them and commissioners to feed into our service improvements. We invested in a Case Management System to improve our impact and outcome reporting and fit internal and external reporting requirements.

FUTURE PLANNING

We undertook our Strategic Planning processes in Quarter 4, working with our Lloyds Development Partner, Trustees and Staff to develop and share our Strategic Priority for 2022-2027: Building Strengths through Agility, Collaboration and Innovation. We developed our Annual Business Plans to sit beneath our priority themes.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation was first established in 1987 as Port Talbot and Afan Single Housing Society. During 1997 the charity changed its name to Dewis and the organisation became a charitable company limited by guarantee, incorporated on 18 July 1997 and registered as a charity on 13 August 1997. The company was established under a Memorandum of Association, which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Organisational structure

Dewis Limited has a Board of Trustees, which meets on a quarterly basis and is responsible for the strategies and policies of the charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the Director and the Senior Leadership Team.

Induction and training of new trustees

Each Board member will receive a Terms of Reference and Trustee Code of Conduct, Trustees if appointed to specific roles such as the Chair, Vice Chair or Treasurer will receive detailed role descriptions. There is an. initial induction where the training needs of each Trustee are considered through a skills audit exercise. Formal training if required is accessed based on identified needs.

Page 3

DEWIS LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The Trustees actively review the major risks which the charity faces on a quarterly basis and believe that maintaining our free reserves at the levels stated in the note 15 in the Financial Statements, combined with our annual review of the controls over key financial systems carried our through an internal audit programme, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which we face and confirm 1that they have established systems to mitigate the significant risks based on a cycle of continuous review.

REFERENCE AND ADMINISTRATIVE DETAILS Registered ;company number 034079 91 (Not specified/Other)

Registered :charity number 106394 9

Registered 1office 47 Station Road Port Talbot West Glamorgan SA131NW

Trustees

Mrs L Evans Mrs J Richardson (resigned 12.10.21) Ms C Dunstan Mrs J C Groom Mrs M Pilliner (appointed 26.4.21) MrR L Miles (resigned 14.6.22) Mr AD Pike (resigned 23.8.21) Mrs A Lewis (appointed 12.10.21) Mr J N Davies (appointed 25.5.22) Mrs R Teag'ue (appointed 25.5.22)

Company Secretary

lndependept Examiner

Alison Vickers ICAEW Bevan Buc�land LLP Chartered �ccountants Ground Floor Cardigan House Castle Court Swansea E,nterprise Park Swansea SA? 9LA

Solicitors

JCP Solicitors Venture Cqurt Waterside Business Park Valley Way Enterprise park Swansea SA6 8QP

Bankers

Lloyds TSB Station Road Port Talbot SA131JA

Page 4

DEWIS LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by: 06/10/202206/10/2022 . . .[ctl!J£il ] . . '

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 06/10/202206/10/2022

Mrs L Evans - Trustee

Page5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEWIS LIMITED

Independent examiner's report to the trustees of Dewis Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsi�ilities and basis of report

As the ch�rity's trustees of the Company (and also its directors for the purposes of company law) you ar.e responsible for the prepar'.3tion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed theand are el"!gible for independent examination, I report in respect of my examination of your charity's accounts as carried Directions :given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since yout charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examinatiqn giving me cause to believe:

  1. acwunting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. thJ accounts do not accord with those records; or

  2. thJ accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an ind,ependent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Re'.commended Practice for accounting and reporting by charities (applicable to charities preparing their ac¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no eoncerns and have come across no other matters in connection with the examination to which attention should be drawn i� this report in order to enable a proper understanding of the accounts to be reached.

Alison Vickers ICAEW Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

06 / 10 / 2022 Date: ............................................ .

Page 6

DEWIS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
1,395
Charitable activities
4
Charitable Activities
570,721
Investment income
3
1,326
Other income
46,972
Total
620,414
EXPENDITURE ON
Charitable activities
5
Charitable Activities
595,389
NET INCOME/(EXPENDITURE)
25,025
RECONCILIATION OF FUNDS
Total funds brought forard
668,669
TOTAL FUNDS CARRIED FORWARD
693,694		 Restriced
funds
£
370,362
370,362
345,997
24,365
· 26,828
51,193		 2022
Total
funds
£
1,395
941,083
1,326
46,972
990,776
941,386
49,390
695,497
744,887		 2021
Total
funds
£
1,087
688,247
4,076
56,914
750,324
831,874
(81,550)
777,047
695,497

The notes form part of these financial statements

Page?

DEWIS LIMITED

STATEMENT OF FINANCIAL POSITION 31 MARCH 2022

FIXED ASSETS
Tangible ,assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CU�RENT ASSETS
Notes
12
13
14
TOTAL A,SSETS LESS CURRENT LIABILITIES
NET AS$ETS
FUNDS
Unrestricted funds
Restriced funds
TOTAL FUNDS
15		 Unrestricted
funds
267,642
110,209
337,138
447,347
{21,295)
426,052
693,694
693,694		 Restricted
funds
7,000
44,193
44,193
44,193
51,193
51,193		 2022
Total
funds
£
274,642
110,209
381,331
491,540
(21,295)
470,245
744,887
744,887
693,694
51,193
744,887		 2021
Total
funds
£
284,131
92,320
347,204
439,524
{28,158)
411,366
695,497
695,497
668,669
26,828
695,497

The chari�able company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The me�bers have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The truste�s acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The finamcial statements were approved by the Board of Trustees and authorised for issue on 06 / 10 / 2022................ and were signed on its behalf by:

The notes form part of these financial statements

PageB

DEWIS LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Cash flows from operating activities
Cash generated from operations
Notes
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporing period
Cash and. cast equivalents at the
beginning of the reporing period
Cash and cash equivalents at the end of
the reporing period		 2022
£
32,801
32,801
1,326
1,326
34,127
347,204
381,331		 2021
£
(33,612)
(33,612)
(7,318)
4,076
(3,242)
(36,854)
384,058
347,204

The notes form part of these financial statements

, Page9

DEWIS LIMITED

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES


ACTIVITIES
2022 2021
£ £
N,et income/(expenditure) for the reporing period (as per the
S·,tatement of Financial Activities) 49,390 (81,550)
Adjustments for:
oepreciation charges
Interest received		 9,489
(1,326)		 9,952
(4,076)
{lncrease)/decrease in debtors (17,889) 24,192
(Gecrease)/increase in creditors (6,863) 17,870
Net cash provided by/(usedin)operations 32,801 (33,612)

2. ANALYSIS OF CHANGES IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 347,204 34,127 381,331
347,204 34,127 381,331
Tqtal 347,204 34,127 381,331

The notes form part of these financial statements

Page 10

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received. Gifts in kind are valued at their estimated value to the charity and included under the appropriate headings.

Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds. Grants restricted to future accounting periods are deferred and recognised in these periods.

Furlough Grants

Furlough grants received have been accounted for as grant income under Section 24 Government Grants. Assistance by government in the form of a transfer of resources to an entity in return for past or future compliance with specified conditions relating to the operating activities of the entity.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g per scheme, estimated usage.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 15% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are unrestricted funds earmarked by the Board for particular purposes falling in future time periods. Designated funds in place as at 31st March 2019 are to cover future project expenditure not yet incurred.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued ...

Page 11

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Allocation of support and governance costs

Support costs are those functions that assist the work of the Charitable Company but do not directly undertake charitable activities. Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the Charitable Company and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with apportionment of overhead and support costs.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remains with the lessor are charged to the statement of financial activities on a straight-line basis over the period of the lease.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as re,ceivable within one year are not amortised.

Cash at Bank

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors

Short term debtors are measured at transaction price, less any impairment.

lrripairment of financial assets

Fi�ancial assets, other than those held at fair value through profit and loss, are assessed for indicators of im'pairment at each reporting end date.

Fi�ancial assets are impaired where there is objective evidence that, as a result of one or more events that oc;curred after the initial recognition of the financial asset, the estimated future cash flows have. been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed wHat the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial liabilities

Basic financial liabilities, including creditors.that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

continued ...

Page 12

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES- continued

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discount due.

Functional and Presentation Currency

The company's functional and presentation currency is pounds sterling.

Going Concern

The Trustees consider that there are no material uncertainties about the Charitable Company's ability to continue as a going concern.

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Interest receivable
4.
INCOME FROM CHARITABLE ACTIVITIES
Rent receivable
BCBC Contract RSASDS
Referring agency income
CSS NPTCBC Contract
Grants
Activity
Charitable Activities
Charitable Activities
Charitable Acivities
Charitable Activities
Charitable Activities
Grants received, included in the above, are as follows:
WG Bond Board Grant
WG TSS Grant
SCVS Grant
Lloyds Bank Foundation
Filco Grant
NPTCVS Covid grant
Warburtons Grant
Moondance Grant
Tesco Grant
Covid 19 Grant
Furlough Grant
NPT CVS Winter Wellbeing
Carried frard		 2022
£
1,395
2022
£
1,326
2022
£
408,955
187,592
75,002
86,764
182,770
941,083
2022
£
35,647
42,272
25,000
4,583
550
108,052
2021
£
1,087
2021
£
4,076
2021
£
280,383
188,689
35,874
59,000
124,301
688,247
2021
£
35,648
42,272
9,445
25,000
500
1,267
250
417
500
4,700
4,302
124,301

continued ...

Page 13

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

4. INCOME FROM CHARITABLE ACTIVITIES - continued

5.

6.

7.

Brought forard
TATA Steel Grant
Postcode Lotter Grant
Mental Health Grant
TSRF Grant
West Glam Transfrmation Grant
CHARITABLE ACTIVITIES COSTS
Gharitable Activities
SUPPORT COSTS
Charitable Activities
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated afer charging/(crediting):
Depreciation - owned assets
Direct
Costs
£
917,371
Management
£
7,462
---		 2022
£
108,052
3,000
19,490
7,010
37,427
7,791
182,770
Support
costs (see
note 6)
£
24,015
Support
costs
£
16,553
---
2022
£
9,489
--		 2021
£
124,301
124,301
Totals
£
941,386
Totals
£
24,015
---
2021
£
9,952

8. TRUSTEES' REMUNERATION AND BENEFITS

The trustees received no emoluments from the charitable company.

Trustees' expenses

In 2022 one trustees was reimbursed expenses during the year totalling £16 for travel. No trustees were r�imbursed expenses in 2021.

9.

STAFF COSTS

STAFF COSTS
2022 2021
£ £
Wages and salaries 550,277 520,545
Other pension costs 21,001 20,782
571,278 541,327

continued ...

Page 14

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2022

9. STAFF COSTS- continued

The average monthly number of employees during the year was as follows:

2022 2021
Senior Management Team
Ofce Staff		 3
1		 3
1
Support Staff 17 17
21 21
-- --

No employees received emoluments in excess of £60,000.

10. KEY MANAGEMENT

The total employee benefits of the key management personnel of the charity were £97,483 (2021 £95,758).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,087
Charitable activities
Charitable Activities
316,257
Investment income
4,076
Other income
56,914
Total
378,334
EXPENDITURE ON
Charitable activities
Charitable Activities
478,612
NET INCOME/(EXPENDITURE)
(100,278)
RECONCILIATION OF FUNDS
Total funds brought forard
768,947
TOTAL FUNDS CARRIED FORWARD
668,669		 Restricted
funds
£
371,990
371,990
353,262
18,728
8,100
26,828		 Total
funds
£
1,087
688,247
4,076
56,914
750,324
831,874
(81,550)
777,047
695,497

continued ...

Page 15

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

12. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
!isposals
�t 31 March 2022
DEPRECIATION
At 1 April 2021
Charge fryear
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
T�ade creditor
Accruals and deferred income		 Freehold
property
£
338,149
338,149
69,422
5,514
74,936
263,213
268,727		 Fixtures
and
fittings
£
55,002
(2,851)
52,151
39,598
3,975
(2,851)
40,722
11,429
15,404
2022
£
57,451
45,838
6,920
110,209
2022
£
11,981
9,314
21,295
--		 Totals
£
393,151
(2,851)
390,300
109,020
9,489
(2,851)
115,658
274,642
284,131
2021
£
29,642
51,503
11,175
92,320
2021
£
11,805
16,353
28,158
--

Page 16

continued ...

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. MOVEMENT IN FUNDS

At 1.4.21
£
Unrestricted funds
General fund
16,739
Designated Funds-Capital Assets
276,930
Designated Fund-Capital Spend
25,000
Designated Funds-contingency
planning-critical costs
300,000
Designated Funds-Strategic planning
50,000
668,669
Restricted funds
Restricted Funds- Capital spend building
7,200
Restricted Funds- Sainsbur's Grant
8
Restricted Fund NPTCVS Youth Fund
692
Filco Grant
178
Lloyds Foundation Grant
18,750
TSRF Grant
Postcode Lotter Grant
26,828
TOTAL FUNDS
695,497
Net movement in funds, included in the above are as fllows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds- Capital spend building
Restricted Funds- Sainsbur's Grant
Restricted Fund NPTCVS Youth Fund
Restricted grants
Filco Grant
TSRF Grant
Postcode Lotter Grant
TOTAL FUNDS		 Net
movement
in funds
£
25,025
25,025
(200)
(8)
(692)
(178)
18,946
6,497
24,365
49,390
Incoming
resources
£
620,414
344,919
18,946
6,497
370,362
990,776		 Transfer
between
At
funds
31.3.22
£
£
(15,712)
26,052
(9,288)
267,642
25,000
300,000
25,000
75,000
693,694
7,000
18,750
18,946
6,497
51,193
744,887
Resources
Movement
expended
in funds
£
£
(595,389)
25,025
(200)
(200)
(8)
(8)
(692)
(692)
(344,919)
(178)
(178)
18,946
6,497
(345,997)
24,365
(941,386)
49,390

continued ...

Page 17

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. l'JIOVEMENT IN FUNDS - continued

t;:omparatives for movement in funds

At 1.4.20
£
Unrestricted funds
General fund
14,582
Eesignated Funds-Capital Assets
279,365
Qesignated Fund-Capital Spend
50,000
Eesignated Funds-contingency
planning-critical costs
300,000
!esignated Funds-Strategic planning
125,000
768,947
Restricted funds
�estricted Funds- Capital spend building
7,400
�estricted Funds- Sainsbur's Grant
8
�estricted Fund NPTCVS Youth Fund
692
�estriced grants
Filco Grant
�loyds Foundation Grant
Restricted Contract
8,100
TOTAL FUNDS
777,047		 Net
movement
in funds
£
(100,278)
(100,278)
(200)
(59,000)
178
18,750
59,000
18,728
(81,550)		 Transfer
between
funds
£
102,435
(2,435)
(25,000)
(75,000)		 At
31.3.21
£
16,739
276,930
25,000
.300,000
50,000
668,669
7,200
8
692
(59,000)
178
18,750
59,000
26,828
695,497

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Qeneral fund
Restricted funds
�estricted Funds- Capital spend building
R'estricted grants
Filco Grant
Uoyds Foundation Grant
R�stricted Contract
TOTAL FUNDS		 Incoming
resources
£
378,334
287,490
500
25,000
59,000
371,990
750,324		 Resources
Movement
expended
in funds
£
£
(478,612)
(100,278)
(200)
(200)
(346,490)
(59,000)
(322)
178
(6,250)
18,750
59,000
(353,262)
18,728
(831,874)
(81,550)

continued ...

Page 18

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. MOVEMENT IN FUNDS- continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
General fund
14,582
(75,253)
Designated Funds-Capital Assets
279,365
Designated Fund-Capital Spend
50,000
Designated Funds-contingency
planning-critical costs
300,000
Designated Funds-Strategic planning
125,000
768,947
(75,253)
Restricted funds
Restricted Funds- Capital spend building
7,400
(400)
Restricted Funds- Sainsbury's Grant
8
(8)
Restricted Fund NPTCVS Youth Fund
692
(692)
Restricted grants
(59,000)
Lloyds Foundation Grant
18,750
TSRF Grant
18,946
Postcode Lotter Grant
6,497
Restricted Contract
59,000
8,100
43,093
TOTAL FUNDS
777,047
(32,160)		 Transfers
between
funds
£
86,723
(11,723)
(25,000)
(50,000)		 At
31.3.22
£
26,052
267,642
25,000
300,000
· 75,000
693,694
7,000
(59,000)
18,750
18,946
6,497
59,000
51,193
744,887

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:


as fllows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 998,748 (1,074,001) (75,253)
Restricted funds
Restricted Funds- Capital spend building
Restricted Funds- Sainsbur's Grant		 (400)
(8)		 (400)
(8)
Restricted Fund NPTCVS Youth Fund (692) (692)
Restricted grants 632,409 (691,409) (59,000)
Filco Grant 500 (500)
Lloyds Foundation Grant 25,000 (6,250) 18,750
TSRF Grant 18,946 18,946
Postcode Lotter Grant 6,497 6,497
Restricted Contract 59,000 59,000
742,352 (699,259) 43,093
TOTAL FUNDS · 1,741,100 (1,773,260) (32,160)

Funds

Unrestricted Designated Funds

Capital assets

The capital assets designated fund represents the surpluses which have been spent on capital assets.

continued ...

Page 19

DEWIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. MOVEMENT IN FUNDS- continued

Funds - continued

These surpluses are not available since the cash has been committed ·on such assets.

Capital ·spend

This represents capital funds that have been committed to capital spend at the year end.

�ontingency planning-critical costs

These funds have been designated to make sure that in the event of any major catastrophic issues the trustees are in a position to bring the charity to a controlled close and be able to meet all financial liabilities, lease obligations etc.

Strategic planning

The trustees have set a medium term, 5 year plan which sets out what the charity's is aiming to achieve over this ��-

lfo achieve this plan the funds have been designated. The designated funds also include any projects planned within the medium term.

Restricted Funds

Capital spend building

The balance of restricted funds carried forward includes grants for the purchase of fixed assets and leases. Outgoing resources charged to the fund represent depreciation of fixed assets.

Lloyds Foundation, TSRF, Postcode Lottery Grants

These are all grants received prior to the year end although part of the grants are for the period to after the year ehd. Therefore they are carried forward in restricted reserves to be set off against future costs and therefore used in year 31.3.2023.

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page20

DEWIS LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Interest receivable
Charitable activities
Rent receivable
BCBC Contract RSASDS
Referring agency income
CSS NPTCBC Contract
Grants
Other income
Sundry income
Social services reimbursement
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage.stationery, photocopier
Sundries
Travel
Bank charges
Cleaning
Repairs and maintenance
Training and subscriptions
H.A.Management charge
Charitable support to YP
IT sy stems
Furiture renewals
YP Activities
Grant expenses-TAT A Steel
Grant expenses-SCVS
Covid 19 expenses
TSS ofice premises costs
Central ofice costs
Social services YP costs
Warburons grant expenses
Carried frard		 2022
£
1,395
1,326
408,955
187,592
75,002
86,764
182,770
941,083
18,313
28,659
46,972
990,776
550,277
21,001
6,567
6,095
17,736
12,308
7,717
3,513
6,488
356
2,753
7,834
2,155
88,856
691
22,284
5,550
3,000
383
8,592
5,994
8,832
788,982		 2021
£
1,087
4,076
280,383
188,689
35,874
59,000
124,301
688,247
11,325
45,589
56,914
750,324
520,545
20,782
9,101
3,332
15,338
8,322
4,413
3,513
6,257
569
7,373
2,649
74,293
8,599
3,430
1,960
9,452
5,042
12,909
14,034
12,412
257
744,582

This page does not form part of the statutory financial statements

Page21

DEWIS LIMITED

Charitable activities
Brought!trward
Filco grant expenses
CVS ICf grant expenses
Tesco grant expenses
Security I costs
Grant expense-Postcode Lottery
Wellbei�g
Freehold property
Fixtures and fittings
Suppor costs
Management
Legal and cnsultancy fees
Suppor costs
Accountancy and legal fees
Governance costs
Total respurces expended
Net income/(expenditure)
DEWIS LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
·		 2022
£
788,982
105,356.
12,993
551
5,514
3,975
917,371
7,462
6,558
9,995
16,553
941,386
49,390

This page does not form part of the statutory financial statements

Page22

Appendix 1

DEWIS LIMITED CENTRAL ADMINISTRATION SCHEME INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

2022 2021
INCOME £ £ £ £
Donations 1,395 1,087
Sundry Income 18,313 2,151
Social Services Reimbursement 28,659 45,589
Referring Agency Income 2,435
Grant- Covid-19 Tesco 500
Grant - Covid-19 Crisis 735
Grant Warburtons 250
Grant - nptcvs COVID 1,928
• Grant - Filco 500
. Grant - Lloyds Bank Foundation 25,000 25,000
Grant - Postcode Lottery 19,490
Grant -TATA Steel 3,000
Grant - NPT CVS Winter Wellbeing 550
Dewis Management Fee 92,149 79,547
Bank Interest Received 1,326 2,084
Bond Investment interest 1,992
TSS Office premises transfer 9,164 9,164
TSS Rental income 28,069 26,823
229,550 197,350
EXPENDITURE
Salary 95,534 113,807
Pension 5,578 5,456
Agency Staf 15,812 24,390
Sundry 11,760 3,513
Depreciation of Property 5,514 5,512
Bank Charges 356 569
IT Systems 6,083 8,199
Social Services YP Expenses 8,831 12,412
Governance Costs 9,995 12,262
Central Ofice Costs 5,994 13,654
Insurance 6,095 3,332
Subscriptions 758
Depreciation on Fixures and Fittings 3,975 4,440
YP/SS Payment 1,960
Covid 19 expenses 383 5,042
Consultancy fees 5,183 4,436
Accountancy fees 6,108 4,182
Grant Expense Warburtons 257
Grant Expense Filco 322
Grant Expense CVS ICF 2,286
Grant Expense Tesco 516

Appendix 1

DEWIS LIMITED CENTRAL ADMINISTRATION SCHEME INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
Grant Expense TATA Steel 3,000
Grant Expense Postcode Lottery 12,993
Grant Expense CVS Winter Wellbeing 550
TSS Office premises transfer 8,593 3,745
{212,337)
SURPI_US/(DEFICIT) FOR YEAR 17,213
{231,050)
(33,700)
----- End of picture text -----

Appendix 2

DEWIS LIMITED RAPID SUPPORT AND STEP DOWN SCHEME INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

INCOME
Bridgend CBC Grant
Housing Benefit/Rental Income
EXPENDITURE
Salary
Pension
Agency Staf
Travel
Postage, Stationery and IT
Heat and Light
Telephone
Repairs, Maintenance and Renewals
Training and Subscriptions
Dewis Management Fee
Rent & Rates
H.A.Management Charge
DEFICIT FOR YEAR		 2022
£
£
124,593
5,824
38,321
2,173
1,549
5,146
2,481
4,859
531
22,074
1,840
13,815		 187,592
35,427
223,019
(223,206)
(187)		 2021
£
£
188,689
16,593
205,282
135,232
5,980
23,366
2,454
1,504
6,048
2,801
5,194
562
22,074
1,841
13,729
(220,785)
(15,503)		 2021
£
£
188,689
16,593
205,282
135,232
5,980
23,366
2,454
1,504
6,048
2,801
5,194
562
22,074
1,841
13,729
(220,785)
(15,503)
(15,503)

DEWIS LIMITED BOND BOARD INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Appendix 3

----- Start of picture text -----
2022 2021
INCOME £ £ £ £
WG S"l80 Fund 35,647 35,648
EXPENDITURE
Salary. 27,508 27,702
Pensiop 1,474 1,474
Travel 310 140
Postage, Stationery and IT 781 1,117
Trainin'g and Subscriptions 323 212
Accourntancy fees 450 450
Dewis Management Fee 3,564 3,564
Telephpne 1,237 989
(35,647) (35,648)
SURP�US FOR YEAR
----- End of picture text -----

Appendix4

DEWIS LIMITED TRANSITION SUPPORT SCHEME INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

INCOME
WG TSS Grant
EXPENDITURE
Salary
Pension
IT Systems
Postage and Stationery
Telephone
Travel
Training and Subscriptions
Dewis Management Fee
TSS Ofice premises costs
DEFICIT FOR YEAR
2022
2021
£
£
£
42,272
42,272
24,094
23,836
1,290
1,290
400
416
158
477
615
611
574
208
229
6,012
6,012
9,164
9,164
(42,272)
£
42,272
42,272
(42,278)
(6)

DEWIS LIMITED CRISIS SUPPORT SCHEME PORT TALBOT INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Appendix 5

2022 2021
INCOIE £ £ £
£
'
HB/Rsnt Receivable/Referring Agency Income 128,183 77,902
NPTCBC Contract CSS
I		 86,764 59,000
214,947 136,902
EXPE�DITURE
Salary! 104,324 100,558
Pensio'n
I		 4,043 3,707
Agency Staff 41,033 21,507
Travel 605 478
Postag,e, Stationery and IT 3,176 783
Heat and Light 4,396 3,155
Telephone
Repair�. Maintenance and Renewals		 3,447
10,451		 1,257
3,091
Training and Subscriptions 500 310
Dewis (anagement Fee 20,675 13,186
H.A.M�nagement Charge 10,559 9,959
Rent &[Rates 2,274 3,178
(205,483) (161,169)
SURP4US/(DEFICIT) FOR YEAR 9,464 (24,267)
'

Appendix 6

DEWIS LIMITED SUPPORTED ACCOMMODATION SCHEME . INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

2022 2021
INCOME £
£		 £
£
Referring Agency Income 12,009
Housing Benefit/Rental Income 277,834 194,952
Grant - Moondance 4,583 416
SCVS Grant Income 9,445
Covid 19 income 3,305
294,426 208,118
EXPENDITURE
Salary 58,850 46,677
Pension 1,750 2,049
Travel 2,584 2,692
SCVS Grant Expenses 9,452
Postage, Stationery and IT 1,606 851
Heat and Light 8,195 6,432
Telephone 4,002 2,660
Repairs, Maintenance and Renewals 6,988 13,042
Security Costs 105,356 52,886
Cleaning 2,753 1,559
Training and Subscriptions 544 577
Dewis Management Fee 30,910 22,628
H.A.Management Charge 64,482 50,604
Rent & Rates 2,452 4,083
(290,472) (216,192)
SURPLUS/(DEFICIT) FOR YEAR 3,954 {8,074)

Appendix 7

DEWIS LIMITED WCVA TSRF GRANT INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

INCOME
TSRF Grant
EXPENDITURE
IT Systems
Consultancy fees
SURPLUS FOR YEAR
Less grant allocated to next year
SURPlUS FOR YEAR
2022
£
16,201
2,280		 INCOME
TSRF Grant
EXPENDITURE
IT Systems
Consultancy fees
SURPLUS FOR YEAR
Less grant allocated to next year
SURPlUS FOR YEAR
2022
£
16,201
2,280
£
37,427
37,427
(18,481)
18,946
(18,946)

Appendix 8

DEWIS LIMITED CYP MENTAL HEALTH GRANT INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

2022 INCOME £ £ Mental Health Grant 7,010 7,010 EXPENDITURE Salary 5,825 Pension 387 VP Expenses 290 Postage, Stationery and IT Telephone - Travel 206 ([7] ,[010)] 37 265

SURPLUS FOR YEAR

Appendix 9

DEWIS LIMITED TRANSFORMATION GRANT INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

INCOME Transf9rmation grant

2022 £ £ 7,791 7,791

EXPENDITURE

Salary: 6,598 Pensiop 194 YP Expenses 400 Postag¢, Stationery and IT 152 Telephone 398 Trainin� ([7] ,[791)] 49

SURPLlUS FOR YEAR