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2024-03-31-accounts

Company registration number: 03336421 Charity registration number: 1068623

Cardiff Third Sector Council (C3SC)

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024

HSJ Audit Limited Statutory Auditor Severn House Hazell Drive Newport South Wales NP10 8FY

Cardiff Third Sector Council (C3SC)

Contents

Trustees' Report 1 to 15
Independent Auditors' Report 16 to 18
Statement of Financial Activities 19 to 20
Balance Sheet 21
Statement of Cash Flows 22
Notes to the Financial Statements 23 to 37

Cardiff Third Sector Council (C3SC)

Trustees’ Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors’ report of the charitable company for the year ended 31 March 2024.

Our purpose and activities

C3SC is the umbrella body and membership organisation that is dedicated to supporting volunteering and all not-for-profit voluntary groups and organisations, faith groups, and social enterprises, collectively known as the Third Sector, working or based in Cardiff. Founded in 1979 and taking on responsibility for Cardiff’s Volunteer Centre in 2016, C3SC is a charity and is a hub that supports and champions community action and volunteering.

C3SC’s vision is a thriving, diverse, and connected voluntary, community, faith and social enterprise (VCFSE) sector in Cardiff.

C3SC’s mission is to enable quality, inclusive community services, community action and volunteering by providing advice, resources and an influential, unifying voice for the third sector and volunteers in Cardiff.

Through our support, the voluntary sector and volunteers can receive the information and resources they need to effectively and sustainably contribute to community resilience and the social, economic, environmental, and cultural well-being of Cardiff.

C3SC is an independent charity with a unique role in supporting and developing Cardiff’s voluntary and community sector irrespective of their purpose, local area, size, or the communities they serve. C3SC is a member of Third Sector Support Wales (TSSW), an essential partnership that comprises County Voluntary Councils working at a local and regional level in Wales, and WCVA working at the national level to specifications agreed with Welsh Government to meet its goals set out in the Third Sector Scheme aimed at amplifying the work of Wales’s third sector.

Our work with a membership of over 1300 community groups and voluntary organisations active in Cardiff and connecting with and working with many others is structured around four key pillars:

We are committed to ensuring our services, activities and approach are characterised by:

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In a year when it has become even more evident that the period following the post-Covid crisis has resulted in an ongoing increase in demand across the sector C3SC has focused on how we can support VCSE services to be more connected, robust, and sustainable by developing productive responses to community needs. There has been a deep and genuine concern about the sustainability of the sector as, at the same time, resources have reduced. The year has also seen the increased levels of complexity of the matters we are dealing with sustained. We have worked with the third sector, partners and supporters to embed our co-produced Third Sector strategy that sets out the case for and has shaped our priorities -

We aim to promote, embody, and share the sectors social values enabling more volunteers, third sector groups, and charitable organisations to improve the quality of life and wellbeing of the citizens of Cardiff through prevention which reduces crisis and, in turn, relieves some of the pressures on statutory services.

This report sets out the team’s key achievements in the past year working with members, partners and supporters and through a range of strategies – including Funding, Equalities and Engagement – that support the delivery of the VCFSE Strategy goals in our Strategic Plan of increasing the number, success, and sustainability of third sector groups and organisations. It sets out our progress in delivering our strategic objectives and operational goals in what continue to be difficult economic and social circumstances with the cost-of-living crisis alongside health, economic and social inequality. It aims to illustrate the range and scale of the team’s work to achieve our goals and deliver support from the initial point of contact to supporting, developing, and sustaining the grassroots activities and services the sector works tirelessly to provide. And it describes the impact of our work enabling more people to have access to holistic, preventative opportunities and services when, how and where they need them.

We would like to thank our members, colleagues, local people and families, partners, supporters, stakeholders and everyone else we have had the privilege to work with and help and who have helped us develop and deliver our strategies over the last year. We remain committed to listening to what you are telling us and hope you continue to see this reflected in the ways we work with you.

We are grateful to our fellow trustees and to the team at C3SC for the shared commitment to our communities, which is demonstrated each day in the creative and inclusive ways we work together to tackle the challenges we have faced through this period of ongoing economic, political, and social uncertainty, and how collaboratively we ensure we continue to deliver effective, coordinated, responsive help and work with members to enable a joined up, effective contribution to the strategic dialogue with partners across sectors.

We are honoured by the diversity of members and partners who look to us increasingly to provide effective solutions and enable connections to address local challenges, and for the trust and confidence in C3SC’s role providing effective information, advice, and support that makes real impacts. We are grateful for your support and for the helpful and positive feed-back you continually share with us.

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OBJECTIVES AND ACTIVITIES

Objectives and aims

Public benefit

In shaping and planning our objectives and activities for the year, the trustees have considered the Charity Commission guidance on public benefit and has complied with the duty under section 17 of the Charities Act 2011. The charity operates on an equal access basis for everyone and respects the rights of all with protected characteristics and its related responsibilities as set out in the Equalities Act 2010. Our activities help to describe how we put these priorities into action.

Grant making

Administering small grants to support a wide range of projects and communities to address causes such as tackling poverty, loneliness and hardship, particularly for traditionally excluded, discriminated against and vulnerable communities, has become an increasing and important element of our service delivery. The trustees adhere to a policy that requires C3SC to publicise all grants schemes and invite applications from eligible organisation from every part of Cardiff. Applications are assessed against set criteria and recommendations made by advisory panels representing a cross section of expertise, and strict codes of conduct, including declarations of interest, are adhered to.

ACHIEVEMENTS AND PERFORMANCE

Good Governance

Supporting good governance is a vital part of how we work to support trustees to make good decisions that enable their groups and organisations to play their vital role and deliver impacts in our communities. The increased number of enquiries on good governance and their complexity has continued as the charitable sector has tried to navigate the ongoing aftermath of COVID-19, the unstable economic environment and the reducing availability of particularly core and longer-term funding, and the restrictive conditions that arise during times of austerity.

The team has worked hard to provide tailored advice, mentoring and support in response to all levels of need and enable more not-for-profit groups and organisations to focus on planning and delivering their impactful vital services that support people in the local community.

The team has focused on working across all pillars of work to provide a comprehensive range of interventions to help community organisations resolve challenges, respond to opportunities and increase their sustainability, including

We have consistently increased and exceeded our targets for governance advice. This area of our work of providing accurate and relevant advice is crucial to support groups and organisations to increase their confidence in planning and providing services that are compliant, safe and well run in a more complex environment. This work is essential in achieving our vision of enabling more people to be able to access inclusive local voluntary sector provision when and where they need it. Some of the key figures that demonstrate the nature and breadth of the work undertaken:

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What did we do?

How well did we do it?

We supported 100s of groups with different needs and interests to setup, to develop and grow, to respond to gaps in provision in the community, and to help vulnerable people address barriers to accessing services and opportunities, for example:

We are pleased with the ongoing positive trends in rates of satisfaction reported and outcomes achieved with participants. A few examples of the great feedback we have heard about increased knowledge and skills from trustees of local groups that have attended our governance training and events include – ‘Thank you for the information, the governance stuff was most helpful and informative,’ ‘Very informative, learned a lot. Need to go and plan as a group,’ and ‘Thank you for including us today…a most interesting and informative session’.

We continue to see overall increases in the numbers of requests and enquiries from people involved in running third sector groups and organisations and in the technical nature of our support to individuals, committees and boards to help increase their skills, knowledge, and confidence in leading their organisations, operate effectively and efficiently and recruit skilled trustees. Alongside providing advice and information, interventions have

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included practical help, training sessions, mentoring, Network meetings and other opportunities for third sector leaders to share experiences and learning to help them with managing their charities and successfully navigate through the ongoing challenging and unstable economic and social environment.

We will continue in the next year to deliver our strategies focused on developing our range of responses and solutions to ensure groups and organisations can access opportunities to connect, develop and flourish:

Funding and Sustainability

Our activity under this pillar of work continues to be our highest area of demand. In the last year, once again, the Team has worked with hundreds of groups and organisations to provide the information, advice, and capacity building support they need to be sustainable and secure and generate the resources they need to survive and thrive and support their delivery of much needed high-quality community focused activities and services.

The demand for voluntary sector support and services is increasing from the ongoing social impacts of the current economic conditions, whilst at the same time the conditions continue to make securing sustainable funding for Cardiff’s voluntary sector more challenging. The financial uncertainty from the economic crises and austerity we have experienced are having an ongoing impact on organisations directly as well as on those fund them. Competition for funding from donations, trusts and foundations and public sector sources are increasing alongside significant increases in short term funding awards, late notifications and funding that does not meet current budgets or make allowance for inflationary increases in costs.

Informed by our VCSFE strategy, we aim to support the voluntary sector to adapt in the current climate and the significant scale and pace of change so that the sector can survive, prosper, and receive due recognition for and investment in its vital role of supporting vulnerable people and communities to be more connected and resilient. The team has delivered a range of activities and intervention options to support community groups and voluntary sector organisations to be more financially resilient and able to survive and grow for the longer-term – which has included:

Services were delivered in the best way for third sector groups across the breadth of scale, reach and diversity of service users and providers in Cardiff to access our services and support – in person and online, one-to-one, in groups, at funding events and sessions, at outreaches - to help more third sector groups and organisations create solutions within their communities. These activities saw the significant spike and complexity in funding related enquiries during the pandemic being sustained and evidenced current challenges – the increase in funding sought and the decrease in funding secured is an indication of the increased competition for increasingly limited funding.

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What did we do?

How well did we do it?

Some examples of the services we supported during the year include -

We continued our popular programme of running regular training sessions and funding events to connect our members with funders and received great feedback about the differences made in terms of developing knowledge, confidence and skills -

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During the year our co-produced Voluntary, Community, Faith and Social Enterprise Strategy, supported by our Funding and Marketing and Communications Strategy, shaped our approach to embedding and promoting social value by building on the strengths and assets within the City to increase longer term sustainability, and will be key priorities for the next year. We will continue to work with the sector to develop services, partnerships and approaches that strengthen the development and delivery of the sectors’ values driven activities and services – such as the Cardiff Community Anchors Network and providing opportunities through our small grant schemes for members to develop innovative, sustainable, joined up solutions. We aim for our advice and support services to create a range of positive outcomes, including building greater community resilience, cohesion and wellbeing and supporting statutory sector partners including in the delivery of UK Shared Prosperity Fund and Welsh Government Regional Integration Fund programmes, to meet their priorities around community involvement, prevention and equity.

C3SC Influence and Representation

We understand the community and voluntary sector has a significant role to play in effective community engagement and influencing policy and designing services with a range of public service partners. The voluntary sector is expert in bringing community voices to participate in policy and delivery, particularly the views of communities who are seldom heard.

We utilise a range of activities that offer a range of different engagement and participation opportunities that ensure our members have a genuine opportunity to be involved around the issues and that will bring a collective voice and ensures voluntary sector organisations are able to engage and influence to improve public policies and services – such as

Our activities have focused on supporting individuals, community groups and voluntary organisations to have the skills and capacity to effectively influence, ensuring the voices of individuals and groups inform and influence and shape policy development, service planning and delivery, and challenging inequity.

What did we do?

How well did we do it?

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We have worked with people and communities, including seldom heard groups, to enable them to be involved and to support more people to play an active role in influencing and engagement. Some of our work in the past year has included

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There were a range of outcomes from our influencing, participation and engagement activities, including the establishment of working groups to promote and support the third sector’s values and involvement in the delivery of public services, and securing small grants that support our members to pilot and develop sustainable services and activities that help tackle disadvantage, hardship and inequity. We have also taken steps to consider our infrastructure to support participation and engagement, and we are planning further developments in relation to our Member’s Networks – including an emerging Cardiff Community Action (Anchors) Network (Cardiff CAN), how our Networks can be supported to further help contribute to the achievement of the outcomes under our VCSFE Strategy and pillars of activity, championing funding and commissioning of third sector services, advocating for the third sector’s natural position in place-based delivery to be recognised and aligned in the GP Cluster and other statutory service led programmes, and opportunities for further connections with and between members, including digitally.

C3SC Volunteering

During the year the Cardiff Volunteer Centre (CVC) at C3SC has developed strategies that set out the steps that we will take to enable more people and communities to benefit from volunteering. We have and communities in Wales to access high quality inclusive volunteering opportunities:

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How well did we do it?

Key pieces of work by the team have included –

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UK and Wales systems, tackle isolation and develop their language and other key skills said ‘ C3SC has been in partnership with us for a number of years. They do outreach in our office every few weeks offering information about wider volunteering opportunities to our clients. They have also been involved in making videos featuring our volunteers and staff about the benefits of volunteering and the employment pathways that it can lead to. We regard C3SC very much as trusted partners . We also hosted our fifth annual Cardiff Volunteer Awards (CVA) flagship event, which was our biggest event to date in terms of sponsorships, nominations and attendees. The Awards help us to recognise and celebrate the incredible work of so many people in our volunteer community who give their time for free to help others, and we involve volunteers in the event – for example, we inducted a new volunteer - a student at the University of South Wales, who supported the event alongside an existing volunteer to create short ‘live’ video interviews with Award winners. He has continued to volunteer at C3SC on other projects as a result of his volunteering, and reported having a positive experience, saying “Volunteering at the Cardiff Volunteering Awards and for C3SC is an incredible experience that helped me to develop skills and confidence. It was great to celebrate people who are vital to the community.”

During the forthcoming year the Volunteer Centre plans to further build on and embed these activities across the range of programmes and activities - including with the private sector on Employer Supported and Young people focused Volunteering schemes and programmes, developing accredited training with the Open University, and supporting public sector programmes and volunteering schemes such as the South Wales Resilience Forum, Community Payback and Community Champions.

FINANCIAL REVIEW

Financial position:

The total income for the year was £1,089,429 (2023 - £1,149,536). Net income amounted to £31,220 (2023 – (£121,322)). Full details can be found in the attached financial statements.

Investment Policy and objectives

The memorandum and Articles of Association govern the trustees’ investment powers. The trustees continue to monitor its policy of keeping any surplus as liquid funds in interest bearing accounts that can be accessed readily and has developed an Investment Policy that sets out how we plan to use our reserves to help us develop sustainably into the future.

Reserves policy

The Board of Trustees has kept its policy under review in recent years given the adverse climate that we have been operating in. Unrestricted funds not committed or invested in tangible assets (free reserves) held by the charity will be managed on a going concern basis: that is the free reserves should exceed the minimum amount required to provide a minimal level of service whilst focussing on securing additional funds. The current level of unrestricted reserves is £720,739, restricted reserves is £19.411 and free reserves is £730,731.

Due to unreliability of levels of funding, the level of funding needed to meet core costs and sustain business continuity for six months is £350,000. The Trustee Board has adopted a Funding Strategy and Investment Plan for the allocation of monies held in excess of this amount that will enable critical investments in the organisation, working with its membership, to transition to a more diversified portfolio of assets, partnerships and funding stream that ensure we can develop, grow and sustain the services, activities and interventions people want to meet their needs and aspirations now and into the future.

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FUTURE PLANS

Having co-produced a strategy that makes the case for an independent and sustainable third sector supported by a robust and effective infrastructure, during the forthcoming year we plan to build on our progress to date in supporting, voicing and championing the not for profit sector and its invaluable contributions to helping to prevent costly hardship and crisis for more people through close connections with grassroots communities and ability to respond dynamically and flexibly to respond to the unique diversity of needs in Cardiff. We would not be able to achieve all we do without the huge support of our funders and partners, to whom we extend our sincere thanks and appreciation, or without the work, dedication and commitment of our fabulous team and our amazing community of members who make up the local voluntary, community, and social enterprise sector and who work tirelessly to make positive differences for all people in Cardiff and strive to ensure no-one is left behind.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Cardiff Third Sector Council (C3SC) is a company limited by guarantee and is a registered charity. Its governing documents are the Memorandum and Articles of Association. Following review, these were approved at the Annual General Meeting in January 2011 and at the Extraordinary General Meeting held in February 2019.

Recruitment and appointment of new trustees

C3SC's Memorandum and Articles of Association provide for a board of not more than 15 members. Trustees are appointed by the members of the charity at the Annual General Meeting and are chosen from C3SC's membership and individuals, groups and organisations supportive of the aims and objectives of the charity. At all Annual General Meeting eligible trustees retire from the board in rotation after serving their term of office of three years. Retiring trustees are eligible to stand for re-election for a maximum of four terms. C3SC's board may at any time co-opt people to serve in addition to the elected members. All members of the board give their time voluntarily and receive no benefits from the charity. All expenses reclaimed from the charity are disclosed in the notes to the financial statements.

Organisational structure

C3SC is a membership organisation. Membership is open to organisations, groups and individuals that operate in C3SC's area of benefit and are supportive of the charity's aims. Full members nominate and elect C3SC's Board.

The charity is strategically managed by the board of trustees. The board, supported by the Senior Management Team, steer the organisation to achieve C3SC's long term vision and protect its reputation and values. Quarterly trustee board meetings are held. The board is supported by quarterly meetings of the Executive Sub-Committee - which oversees HR, finance, and governance - and by the Business Improvement Group, which oversees C3SC's Funding, Equalities, Diversity and Inclusion and Marketing Strategies. The organisation's strategic priorities are set each year at a joint planning meeting organised by the Business Improvement Group and involving all trustees and staff members.

The board of trustees employs an operational team of 15 staff and 23 volunteers led by the Chief Executive Officer. The staff team deliver the operations that achieve the charity's strategic objectives. The Chief Executive Officer is supported by a team of two Senior Managers who line manage the operations and support staff, as well as our volunteers and work placements who help to support our work.

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Induction and training of new trustees

Trustee board members complete Application, Skills Audit and Declaration of Interest forms to identify the knowledge, skills and interests they bring to the organisation and the board. Newly appointed trustees are supported through a comprehensive induction programme; the induction pack was recently updated following review by new board members. Through induction, trustees are provided with a background of the organisation, its structure, policies and procedures and the roles and responsibilities of the trustee board, sub-committees, and members. Each trustee is offered the opportunity to be supported by a buddy. Trustees are also provided with opportunities to access training - including annual sessions on equality, diversity, and inclusion, to join committees and sub-groups, to be involved in organisational initiatives - such as opportunities to mentor volunteers - and to participate in annual joint trustee and staff planning meetings.

Risk management

The board of trustees review at least annually, updates and approves a comprehensive register of the risks to which the charity is exposed which identifies potential risks, and the actions required to minimise or avoid the risk. The risk register is overseen by the Trustee Board and reviewed by the Senior Team and the Executive Sub-Committee, who ensure the Trustees are kept updated. The key risks identified in the past year were again linked to challenges to sustainability given the ongoing economic, legislative and political landscape with the added dimensions of the UK’s exit from the European Union, the global COVID-19 pandemic, war in Europe and domestic political uncertainty all of which increase the risk of a further downward pressure on public finances alongside upward pressures on basic costs and demands for services, which jointly in turn negatively impact the funding and resources available to flow to the voluntary and community sector particularly in response to increases in need. The steps taken to address this include refreshing the organisation's funding strategy which will inform all our pillars of activity as we aim to develop new, integrated, sustainable models for working in partnership with the sector, and strengthen our advocacy for models of investment in the sector based on inclusion to better support the sector’s essential role in the sustained improvement of individual and community wellbeing.

Improve performance and ensure quality.

Our trustees and senior team have continued to work to ensure effective systems, policies and procedures are in place to monitor and improve the charity's efficiency and effectiveness, including securing and maintaining accreditation to support us to deliver quality assured services.

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Reference and Administrative Details

Charity Registration Number: 1068623 Company Registration Number: 03336421 The charity is incorporated in Wales. Registered Office: Butetown Community Centre Loudoun Square Cardiff CF10 5JA Auditor: HSJ Audit Limited Statutory Auditor Severn House Hazell Drive Newport South Wales NP10 8FY Bankers: Unity Trust Birmingham Nine Brindley Place Birmingham B1 2HB

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Paul Keeping Christopher Kiiza Neil Binnell Terry Price Maria Mesa Radha Nair-Roberts Anthony Thomas Catherine Moulogo Sarah Duncan-Jones Secretary: Sheila Hendrickson-Brown Senior staff: Sheila Hendrickson- Brown - Chief Executive Officer Ebed Akotia - Volunteer Centre Manager Claire Chick - Third Sector Development Manager

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Statement of Trustees' Responsibilities

The trustees (who are also the directors of Cardiff Third Sector Council (C3SC) for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 12 December 2024 and signed on its behalf by:

......................................... Anthony Thomas Trustee

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Cardiff Third Sector Council (C3SC)

Independent Auditor's Report to the Members of Cardiff Third Sector Council (C3SC)

Opinion

We have audited the financial statements of Cardiff Third Sector Council (C3SC) (the 'charity') for the year ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 2), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

...................................... Mr Andrew Hill FCCA ACA DChA BFP (Senior Statutory Auditor) For and on behalf of HSJ Audit Limited, Statutory Auditor

Severn House Hazell Drive Newport South Wales NP10 8FY

13 December 2024

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Cardiff Third Sector Council (C3SC)

Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
427,734
50,043
3,330
481,107
(463,758)
(463,758)
17,349
17,349
720,739
738,088		 Restricted
funds
£
-
608,322
-
608,322
(594,451)
(594,451)
13,871
13,871
19,411
33,282		 Total
2024
£
427,734
658,365
3,330
1,089,429
(1,058,209)
(1,058,209)
31,220
31,220
740,150
771,370

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Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Other income
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
463,258
114,778
6,600
1,295
764
586,695
(623,012)
(623,012)
(36,317)
(36,317)
757,056
720,739		 Restricted
funds
£
-

562,841
-
-
-
562,841
(647,846)

(647,846)
(85,005)
(85,005)
104,416
19,411		 Total
2023
£

463,258
677,619
6,600
1,295
764
1,149,536

(1,270,858)
(1,270,858)
(121,322)
(121,322)
861,472
740,150

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 20.

20

Cardiff Third Sector Council (C3SC)

(Registration number: 03336421) Balance Sheet as at 31 March 2024

----- Start of picture text -----
|||||| |---|---|---|---|---| |2024|2023| |Note|£|£| |Fixed assets| |Tangible assets|15|7,357|4,691| |Current assets| |Debtors|16|242,332|202,646| |Cash at bank and in hand|17|702,705|900,544| |945,037|1,103,190| |Creditors: Amounts falling due within one year|18|(181,024)|(367,731)| |Net current assets|764,013|735,459| |Net assets|771,370|740,150| |Funds of the charity:| |Restricted income funds| |Restricted funds|33,282|19,411| |Unrestricted income funds| |Unrestricted funds|738,088|720,739| |Total funds|20|_|771,370|740,150|

----- End of picture text -----

The financial statements on pages 19 to 37 were approved by the trustees, and authorised for issue on 12 December 2024 and signed on their behalf by: ......................................... Anthony Thomas Trustee Sin

21

Cardiff Third Sector Council (C3SC)

Statement of Cash Flows for the Year Ended 31 March 2024

Note
Cash flows from operating activities
Net cash income/(expenditure)
Adjustments to cash flows from non-cash items
Depreciation
Investment income
6
Working capital adjustments
Increase in debtors
16
Decrease in creditors
18
(Decrease)/increase in deferred income
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
6
Purchase of tangible fixed assets
15
Net cash flows from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March		 2024
£
31,220
3,254
(3,330)
31,144
(39,686)
(5,540)
(181,167)
(195,249)
3,330
(5,920)
(2,590)
(197,839)
900,544
702,705		 2023
£
(121,322)
3,374
(1,295)
(119,243)
(79,371)
(5,509)
303,576
99,453
1,295
(3,268)
(1,973)
97,480
803,064
900,544

All of the cash flows are derived from continuing operations during the above two periods.

22

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

1 Charity status

The charity is limited by guarantee, incorporated in Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Butetown Community Centre Loudoun Square Cardiff CF10 5JA

These financial statements were authorised for issue by the trustees on 12 December 2024.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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.

There have been no material departures from Financial Reporting Standard 102.

Basis of preparation

Cardiff Third Sector Council (C3SC) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The principal activities and nature of the charity's operations are to provide specialist advice, support, and information to local third sector organisations on issues that affect them, including funding and governance.

The financial statements are presented in Sterling (£), the company's functional currency, and rounded to the nearest pound.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

23

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

Income and endowments

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.

Donations and legacies

Donations and legacies income includes donations, gifts and grants that provide core funding or are of a general nature are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Investment income

Investment income is recognised on a receivable basis.

Charitable activities

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. This income is recognised as the related services are provided and there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Income is deferred when the amounts received are in advance of the performance of the service or event to which they relate.

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. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant expenditure

Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

24

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Support costs

Support costs are those costs that, whilst necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. This includes governance costs which are those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity as well as a proportion of salaries based on an approximation of time spent in this area.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

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

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Fixtures, fittings and equipment 25% straight line

Trade debtors

Trade debtors and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.

25

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

Fund structure

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and finance leases

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

Pensions and other post retirement obligations

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.

Financial instruments

Classification

The charity only has financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3 Income from donations and legacies

Grants, including capital grants;
Government grants
Grants from other charities
Regulargivingand capital donations		 Unrestricted
funds
General
£
200,000
227,734
-
427,734		 Total
2024
£
200,000
227,734
-
427,734		 Total
2023
£
208,310
254,698
250
463,258

26

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

Grants received, included in the above, are as follows:

Wales Council for Voluntary Action/TSSW Grant
Cardiff City Council - core funding
Cardiff and Vale University Health Board
WCVA Kickstart Scheme
Cardiff City Council - Shared Prosperity Funding
CVA Sponsorship		 2024
£
200,344
100,000
20,990
-
100,000
6,400
427,734		 2023
£
229,530
158,310
20,827
4,341
50,000
463,008

4 Income from charitable activities

Training
Payroll services
Grants
Contract income
Partnership agreements
Other engagement work		 Unrestricted
funds
General
£
588
1,095
48,360
-
-
-
50,043		 Restricted
funds
£
-
-
-
608,322
-
-
608,322		 Total
2024
£
588
1,095
48,360
608,322
-
-
658,365		 Total
2023
£
450
930
455,841
110,398
107,000
3,000
677,619

27

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

Grants received, included in the above, are as follows:

WCVA/TSSW Youth Led Grants
WCVA - Active Inclusion Fund
Cardiff City Council - Community Renewal Fund
Cardiff City Council - Food Poverty Capital Grant
Cardiff and Vale University Health Board - Health and Social Care Facilitator Role
Warm Welcome Spaces Fund
Cardiff City Council - Cardiff's Summer of Fun
Unpaid Carer Commission
Contract income, included in the above, is as follows:
Cardiff and Vale University Health Board: Loneliness and Isolation
Cardiff and Vale University Health Board: Community Mapping
Cardiff and Vale University Health Board: Move More, Eat Well Small Grants
Scheme
Cardiff and Vale University Health Board: Shaping Our future Wellbeing
Cardiff and Vale University Health Board: Starting Well Partnership Engagement
Support
Cardiff and Vale University Health Board: Emotional Wellbeing and Support
Cardiff and Vale University Health Board: The Winter Wellbeing Programme
Cardiff and Vale University Health Board: Social Prescribing
Natural Resources Wales: Building Empowerment and Resilience Project
Cardiff and Vale University Health Board: Social Care
Cardiff City Council: Shared Prosperity Funding
WCVA/TSSW: TSPC
WCVA/TSSW: Youth Led Grants
WCV Active Inclusion Fund
Cardiff and Vale University Health Board: Health & Social Care Facilitator
Unpaid Carers Grant		 2024
£
-
-
-
-
20,990
-
-
27,370
48,360
2024
£
-
-
-
-

-
-
-
-
-
38,886
118,724
2,334
6,650
46,209
68,519
327,000
608,322		 2023
£
6,650
57,484
25,035
55,196
39,049
85,427
187,000
-
455,841
2023
£
10,000
10,000
25,000
15,400
24,000
10,498
7,500
5,500
2,500
-
-
-
-
-
-
-
110,398

28

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

Partnership income, included in the above, is as
follows:
Vale of Glamorgan Council: HAU Third Sector Fund
TSSW Comic Relief Grassroots Grants Scheme in Wales
5 Income from other trading activities
Sponsorship income
6 Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
7 Expenditure on charitable activities
Unrestricted
funds
General
Note
£
Sector support and
development
184,445
Depreciation,
amortisation and
other similar costs
3,253
Grant funding of
activities
-
Staff costs
259,264
Governance costs
8
16,796
463,758		 Unrestricted
funds
General
£
3,330
Restricted
funds
£
-
-
301,070
293,381
-
594,451		 2024
£
-
-
-
Total
funds
£
-
-
Total

2024
£
3,330
Total

2024
£
184,445
3,253
301,070
552,645
16,796
1,058,209		 2023
£
30,000
77,000
107,000
Total
2023
£
6,600
6,600

Total
2023
£
1,295

Total
2023
£
179,123
2,868
471,564
594,728
22,575
1,270,858

In addition to the expenditure analysed above, there are also governance costs of £16,796 (2023 - £22,575) which relate directly to charitable activities. See note 8 for further details.

29

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

8 Analysis of governance and support costs

Governance costs

Audit fees
Audit of the financial statements
Other governance costs
Allocated support costs		 Unrestricted
funds
General
£
5,820
1,780
9,196
16,796		 Total
2024
£
5,820
1,780
9,196
16,796		 Total
2023
£
6,378
-
16,197
22,575

30

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

9 Grant-making

Analysis of grants

Analysis
Cardiff & Vale UHB - Unpaid Carers Grant
Institutional Grants (detail noted below)
Below are details of material grants distributed to institutions
Name of grant
Activity
Summer of Fun (multiple institutions) Grants
TSSW Comic Relief (multiple
Grants
institutions)
Warm Spaces (multiple institutions)
Grants
Cardiff Council - Food Poverty grant
(multiple institutions)
Grants
Community Renewal Fund (multiple
institutions)
Grants
HAU Third Sector Fund (multiple
institutions)
Grants
Loneliness and Social Isolation
Grants
(multiple institutions)
Small Grants (multiple institutions)
Grants		 Grants to
institutions
2023
£
-
471,564
471,564
2023
£
168,230
75,950
57,000
39,844
21,719
27,000
16,675
65,146
471,564

Grants to
individuals
2024
£
301,070
-
301,070
2024
£
-
-
-
-
-
-
-
-
-

10 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

Audit fees
Depreciation of fixed assets		 2024
£
5,820
3,254		 2023
£
6,378
2,868

11 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

31

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

12 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2024
£
483,867
42,775
26,003
552,645		 2023
£
512,005
51,963
30,760
594,728

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Average number of employees 2024
No
14		 2023
No
14

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £135,858 (2023 - £157,806).

13 Auditors' remuneration
Audit of the financial statements		 2024
£
5,820		 2023
£
6,378

32

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

14 Taxation

The charity is a registered charity and is therefore exempt from taxation.

15 Tangible fixed assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
16 Debtors
Trade debtors
Prepayments
Other debtors
17 Cash and cash equivalents
Cash at bank		 Furniture and
equipment
£
14,367
5,920		 Total
£
14,367
5,920
20,287
9,676
3,254
12,930
7,357
4,691
2023
£
178,302
4,161
20,183
202,646
2023
£
900,544
20,287
9,676
3,254
12,930
7,357
4,691
2024
£
228,600
-
13,732
242,332
2024
£
702,705

33

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

18 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals
Deferred income
Deferred income at 1 April 2023
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end		 2024
£
-
922
594
32,508
147,000
181,024
2024
£
328,167
147,000
(328,167)
147,000		 2023
£
10,292
-
11,871
17,401
328,167
367,731
2023
£
24,591
328,167
(24,591)
328,167

Funds received in relation to Cardiff & Vale University Health Board - Unpaid Carers Grant which had yet to be distributed are treated as deferred at the end of each reporting period. This is income for short breaks for unpaid carers being administered by the organisation for the current reporting period.

19 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £26,003 (2023 - £30,760).

34

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

20 Funds
Unrestricted funds
General
General fund
Restricted funds
Cardiff and Vale University
Health Board - Health and Social
Care
WCVA/TSSW Youth Led Grants
Cardiff and Vale Integrated
Health and Social Care
Partnership Engagement
Framework
Loneliness and Social Isolation
Fund
Food Poverty Capital grant
Active Inclusion Fund
Cardiff & Vale University Health
Board - Unpaid Carers Grant
Cardiff & Vale University Health
Board - Hubs engagement
Cardiff City Council Shared
Prosperity Funding
Total restricted funds
Total funds		 Balance at 1
April 2023
£
720,739
4,438
702
659
3,780
9,832
-
-
-
-
19,411
740,150		 Incoming
resources
£
481,107
38,886
8,984
-
-
-
46,209
327,000
68,519
118,724
608,322
1,089,429		 Resources
expended
£
(463,758)
(43,324)
(2,334)
(659)
(3,780)

(9,832)
(46,209)
(301,070)

(68,519)

(118,724)

(594,451)
(1,058,209)
 Balance at 31
March 2024
£
738,088
-
7,352
-

-
-
-

25,930

-

-
33,282

771,370

35

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

Unrestricted funds
General
General fund
Restricted
Cardiff and Vale University
Health Board - Health and Social
Care
WCVA/TSSW Youth Led Grants
Hau Third Sector Fund
Cardiff and Vale Integrated
Health and Social Care
Partnership Engagement
Framework
Winter Pressures Fund
Loneliness and Social Isolation
Fund
Welsh Government EU Food
Poverty Funding
Cooking equipment to the
Community Food Retail Network
Food Poverty Capital grant
Community Renewal Fund
Winter Pressures 'Project
Officers'
Active Inclusion Fund
Warm Welcome Spaces
Cardiff's Summer of Fun
Comic Relief Grassroots grants
scheme in Wales
Total restricted funds
Total funds		 Balance at 1
April 2022
£
757,056
4,564
-
-
659
16,340
-
15,552
2,749
-
41,616
22,936
-
-
-
-
104,416
861,472		 Incoming
resources
£
586,695
39,049
6,650
30,000
-
-
22,727
-
-
55,196
25,035
-
57,484
62,700
187,000
77,000
562,841
1,149,536		 Resources
expended
£
(623,012)
(39,175)
(5,948)
(30,000)
-
(16,340)
(18,947)

(15,552)

(2,749)

(45,364)
(66,651)
(22,936)

(57,484)
(62,700)
(187,000)
(77,000)

(647,846)
(1,270,858)
 Balance at 31
March 2023
£
720,739
4,438
702
-
659
-

3,780

-

-
9,832
-

-
-
-
-

-
19,411

740,150

The specific purposes for which the funds are to be applied are as follows:

Cardiff and Vale University Health Board Scheme - Joint Working Fund: C3SC's involvement in Health and Social Care governance and planning, and Health and Social Care Facilitator's role in regional delivery of the UHB Strategic Plan for Working with the Third Sector in collaboration with Glamorgan Voluntary Service - the CVC operating in the Vale of Glamorgan.

WCVA/TSSW Youth Led Grants: set up to fund and support diverse youth focused groups across Cardiff, whose objectives were to increase the participation and influence of young people aged 14-25 in the local community.

36

Cardiff Third Sector Council (C3SC)

Notes to the Financial Statements for the Year Ended 31 March 2024

21 Analysis of net assets between funds

21 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
22 Analysis of net funds
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 Unrestricted
funds
General
£
7,357
764,755
(34,024)
738,088
Unrestricted
funds
General
£
4,691
1,083,779
(367,731)
720,739
At 1 April
2023
£
900,544
900,544
At 1 April
2022
£
803,064
803,064		 Restricted

funds
£
-
180,282
(147,000)
33,282

Restricted

funds
£
-
19,411
-
19,411

Financing cash
flows
£
(197,839)
(197,839)
Financing cash
flows
£
97,480
97,480		 Total funds at
31 March
2024
£
7,357
945,037
(181,024)

771,370
Total funds at
31 March
2023
£
4,691
1,103,190
(367,731)

740,150
At 31 March
2024
£
702,705
702,705
At 31 March
2023
£
900,544
900,544

37