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|||Page|
|---|---|---|
|Trustees report||1-13|
|Statement
oftrustees|responsibilities|14|
|Independent
auditor's|report|15-18|
|Statement offinancial|activities|19|
|Balance sheet||20|
|Statement ofcash flows||21|
|Notes to the financial|statements|22 - 38|
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|Reference and administative|Reference and administative|details||||||
|---|---|---|---|---|---|---|---|
|Charity name|||Play Wales IChwarae||Cymru|||
|Charity number|||1068926|||||
|Principal office|||Park House|||||
||||Greyfriars
Road|||||
||||Cardiff|||||
||||CF103AF|||||
|Trustees|||Mike Shooter - Chair|||||
||||Anne Crowley|||||
||||Elspeth Webb|||||
||||Rhian Barrance|||||
||||Malcolm
King|||||
||||Keith Towler - Treasurer|||||
||||Ronan Lyons|||||
||||Helen Hughes - Resigned 6 May 2021|||||
||||Owain
Lloyd - Resigned|||May|2021|
|Key management|personnel||Mike Greenaway|- Director||||
||||Marianne
Mannello - Assistant||||Director|
|Auditors|||Azets Audit Services|||||
||||Ty Derw, Lime Tree Court|||||
||||Cardiff Gate Business||Park|||
||||Cardiff|||||
||||CF23 8AB|||||
|Bankers|||The Co-Operative|PLC||||
||||PO Box250|||||
||||Skelmersdale|||||
||||WN8 6WT|||||
||||CAF Bank PLC|||||
||||25 Kings
Hill Avenue|||||
||||Kings
Hill|||||
||||West Mailing|||||
||||Kent|||||
||||ME194JQ|||||
|Solicitors|||Geldards|||||
||||4 Capital Quarter|||||
||||Tyndall Street|||||
||||Cardiff|||||
||||CF104BZ|||||
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2021
f|2021|2021
f|2020
f|2020f|2020f|
|Income from:|||||||||
|Charitable
activities||3|1,066,896|89,711|1,156,607|389,793|44,777|434,570|
|Other trading
activities||4|738||738|1,861||1,861|
|Investments||5|179||179|523||523|
|Total income|||1,067,813|89,711|1,157,524|392,177|44,777|436,954|
|~Ee~ndit|||||||||
|Charitable
activities||6|878,292|89,711|968,003|433,145|44,777|477,922|
|Other||10|20,000||20,000|20,000||20,000|
|Total resources|||||||||
|expended|||898,292|89,711|988,003|453,145|44,777|497,922|
|Net income/(expenditure)|||||||||
|forthe year/|||||||||
|Net incoming/(outgoing)|||||||||
|resources|||169,521||169,521|(60,968)||(60,968)|
|Other recognised gains and|||losses||||||
|Actuarial loss on|||||||||
|defined benefit pension|||||||||
|schemes|||(80,000)||(80,000)|(190,000)||(190,000)|
|Net movement|in funds||89,521||89,521|(250,968)||(250,968)|
|Fund balances at 1|||||||||
|April 2020|||255,307||255,307|506,275||506,275|
|Fund balances|at 31||||||||
|INarch 2021|||344,828||344,828|255,307||255,307|
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||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|6||||
|Fixed assets|||||||
|Tangible assets||||504||633|
|Current assets|||||||
|Debtors||12|511,797||14,247||
|Cash at bank and in|hand||600,762||441,054||
||||1,112,559||455,301||
|Creditors: amounts|falling due within||||||
|one year||13|(508,235)||(40,627)||
|Net current assets||||604,324||414,674|
|Total assets less current liabilities||||604,828||415,307|
|Provisions for liabilities||||(260,000)||(160,000)|
|Net assets||||344,828||255,307|
|Income funds|||||||
|Unres~tri
atLfitgda|||||||
|Designated
funds||1'7|316,904||130,000||
|General unrestricted|funds||287,924||285,307||
|Pension reserve|||(260,000)||(160,000)||
|||||344,828||255,307|
|||||344,828||255,307|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities||||||
|Cash generated
from/(absorbed
by)|||21|||||
|operations|||||159,529||(25,853)|
|Investing|activities|||||||
|Investment|income received|||179||523||
|Net cash|generated
from investing|||||||
|actlvides|||||179||523|
|Net cash|used in gnanclng|activities||||||
|Net increase/(decrease)
in||cash and cash||||||
|equivalents|||||159,708||(25,330)|
|Cash and|cash equivalents|at beginning|ofyear||441,054||466,384|
|Cash and|cash equivalents|at end ofyear|||600,762||441,054|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021|2020|
|5|5|
|738|1,861|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|Interest|receivable|179|523|
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##
||||||Information|Training S|Play policy,|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||services|Workforce|support8|2021|2020|
|||||||development|advocacy|||
||||||2021|2021|2021|||
||||||8||6|||
|Staff costs|||||70|144|63,799|64,013|39,630|
|Royalties||and subscriptions|||||||59|
|Conferences,
seminars||||and courses|||||13,555|
|Printing,||translation,|art|and advertising|30,577|575|38,084|69,236|6,341|
|Training|and consultancy||||191,005|35,333|88,703|315,041|19,488|
|Administration
and meeting costs|||||3,043||10,704|13,747|3,350|
|Computer||and website|||45,387|16,710|425|62,522||
|Legal, professional|||and|subscriptions|||||46|
||||||270,082|52,762|201,715|524,559|82,469|
|Share of||support costs (see note 7)|||185,380|125,738|126,326|437,444|357,315|
|Share of||governance|costs (see note 7)||6,000|||6,000|38,138|
||||||461,462|178,500|328,041|968,003|477,922|
|Analysis||by fund||||||||
|Unrestricted
funds|||||461,462|178,500|238,330|878,292|433,145|
|Restricted
funds|||||||89,711|89,711|44,777|
||||||461,462|178,500|328,041|968,003|477,922|
##
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|7|Support costs||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Support|Governance|2021|Support|Governance|2020|
||||||costs|costs||cos'ts|costs||
||||||8|6||5|||
||Staff costs||||364,818||364,818|302,775|26,701|329,476|
||Depreciation||||128||128|147|12|159|
||Staff training|||||||531|49|580|
||Premises||||21,168||21,168|19,532|2,915|22,447|
||Property
running||costs||1,662||1,662|1,522|138|1,660|
||Administration|and|||||||||
||meeting costs||||13,372||13,372|14,889|1,352|16,241|
||Communications,||||||||||
||computer
and wsbsite||||28,335||28,335|15,377|1,400|16,777|
||Legal, professional|||and|||||||
||subscdiptions||||7,961||7,961|2,542|1,011|3,553|
||Audit fees|||||6,000|6,000||4,560|4,560|
||||||437,444|6,000|443,444|357,315|38,138|395,453|
||Analysed
between||||||||||
||Charitable
activiyies||||437,444|6,000|443,444|357,315|38,138|395,453|
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||||2021|2020|
|---|---|---|---|---|
||||Number|Number|
|Direct charitable||expenditure|||
|Other expenses|||||
|Total|||||
|Employment|costs||2021|2020
6|
|Wages and salaries|||309,722|269,862|
|Social security||costs|28,327|24,149|
|Other pension|costs||90,782|75,095|
||||428,831|369,106|
|more we|re|:|||
|---|---|---|---|---|
||||2021|2020|
||||Number|Number|
|660,000|-|669,999|1||
|10|Other||||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||2021|2020|
||FRS|102|pension|costs|20,000|20,000|
||||||20,000|20,000|
##
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|Tangible fixed asset|s||||
|---|---|---|---|---|
||||Flxtllles shd fittings||
|Cost|||||
|At 1 April 2020||||18,076|
|At 31 March 2021||||18,076|
|Depreciation
and impairment|||||
|At 1 April 2020||||17,443|
|Depreciation
charged|in the year|||129|
|At 31 March 2021||||17,572|
|Carrying amount|||||
|At 31 March 2021||||504|
|At 31 March 2020||||633|
|Debtors|||||
|Amounts
falling due|within one year:||2021
5|2020f|
|Trade debtors|||5,973|3,514|
|Other debtors|||500,000||
|Prepayments
and accrued income|||5,824|10,733|
||||511,797|14,247|
|Creditors: amounts|falling due within one year||||
||||2021|2020|
|||Notes|8|8|
|Other taxation and social security|||10,740|6,328|
|Deferred income||14|13,189|5,793|
|Trade creditors|||448,548|10,876|
|Other creditors|||11,109||
|Accruals|||24,649|17,630|
||||508,235|40,627|
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|Deferred income||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||6|6|
|Arising from grants,
and training|memberships,||events|||13,189|5,793|
|Deferred income is|included|in the|financial|statements|as follows:|||
|||||||2021
6|2020f|
|Balance brought forward||||||||
|Income received||||||5,793|19,002|
|Income released||||||14,292|16,584|
|||||||(6,896)|(29,793)|
|Balance carried forward||||||13,189|5,793|
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|Key assumptions|Key assumptions||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||'/|'/o|
|Discount rate|||||||2.1|2.3|
|Expected rate|ofincrease ofpensions||||in payment||2.7|2.0|
|Expected rate|ofsalary increases||||||3.7|3.0|
|CPI inflation|||||||2.7|2.0|
|Pension accounts revaluation|||rate||||2.7|2.0|
|Morfalily assumptions|||||||||
|The assumed|life expectations||on retirement|||at age 65are:|||
||||||||2021|2020|
||||||||Years|Years|
|Retiring today|||||||||
|- Males|||||||22:3|22.2|
|-Females|||||||24.7|24.6|
|Retiding
in 20|years||||||||
|- Males|||||||23.3|23.2|
|-Females|||||||26.1|26|
|Amounts
recognised||in the profit and||loss account|||||
||||||||2021|2020|
||||||||6|5|
|Current service cost|||||||100,000|90,000|
|Net interest
on defined benefit|||liability/(asset)||||10,000||
|Other costs and income||||||||10,000|
|Total costs|||||||110,000|100,000|
|Amounts
taken to other comprehensive|||||income:||||
||||||||2021|2020|
||||||||5|6|
|Actual return|on scheme assets||||||(450,000)|230,000|
|Less: calculated
interest element|||||||50,000|60,000|
|Return on scheme assets excluding||||interest||income|(400,000)|290,000|
|Actuarial
changes related to obligations|||||||480,000|(100,000)|
##
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|The
amounts
included
in the|balance|sheet|arising|from|the|charity's|||
|---|---|---|---|---|---|---|---|---|
|obligations
in respect ofdefined|benefit plans are||as follows:||||||
||||||||2021|2020|
||||||||8|8|
|Present value ofdefined benefit|obligations||||||3,130,000|2,520,000|
|Fair value of plan assets|||||||(2,870,000)|(2,360,000)|
|Deficit in scheme|||||||260,000|160,000|
|Movements
in the present value|ofdefined|benefit|obligations:||||||
|||||||||2021|
|||||||||5|
|Liabilities at 1 April 2020||||||||2,520,000|
|Current service cost||||||||100,000|
|Benefits paid||||||||(50,000)|
|Contributions
from scheme members||||||||20,000|
|Actuarial
gains and losses||||||||480,000|
|Interest cost||||||||60,000|
|At 31 March 2021||||||||3,130,000|
|||||2021|
|---|---|---|---|---|
|||||8|
|Fair value of|assets at 1 April 2020|||2,360,000|
|Interest income||||50,000|
|Return on plan assets (excluding amounts||included|in net interest)|400,000|
|Benefits paid||||(50,000)|
|Contributions|by the employer|||90,000|
|Contributions|by scheme members|||20,000|
|At 31 March|2021|||2,870,000|
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|The fair v|alu|e ofplan assets at th|e reporti|ng
period|end|was as follo|ws:||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2021||2020|
|||||||||6||6|
|Equity instruments||||||||1,882,720||1,564,680|
|Properiy||||||||189,420||162,840|
|Government||Bonds||||||307,090||224,200|
|Corporate|Bonds|||||||450,590||372,880|
|Cash||||||||40,180||33,040|
|Other||||||||||2,360|
|||||||||2,870,000||2,360,000|
|Restricted||funds|||||||||
|The income||funds ofthe charity|include|restricted|funds|comprising|the following|unexpended|balances
of||
|donations|and grants held on trust for specific purposes:||||||||||
|||Movement||in funds|||Movement|in funds|||
|||Incoming||Resources||Balance at|Incoming|Resources||Balance at|
|||resources||expended||1Aprg 2020|resources|expended|M|March 2021|
|||||||6||6|||
|Sport Wales- Healthy and|||||||||||
|Active Fund|||44,777|(44,777)|||73,522|(73,522)|||
|National|Lottery||||||||||
|Community||Fund|||||6,189|(6,189)|||
|Cwm Taf|Morgannwg||||||||||
|University|Health Board||||||10,000|(10,000)|||
||||44,777|(44,777)|||89,711|(89,711)|||
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||||||Balance at|Resources|Batance at|Transfers|Balance at|
|---|---|---|---|---|---|---|---|---|---|
||||||1 Apdl 2010f|expendedf|1Apdi 2020f|f|31March 2021|
|Potential|redundancy|costs|||87,700||87,700||87,700|
|Future book production|||costs||28,000||28,000||28,000|
|Future revising
qual%cation,||||training||||||
|materials|and resources||||32,900|(18,600)|14,300||14,300|
|Pension|fund lump|sum|payments||13,800|(13,800)||||
|Fixed Asset Fund||||||||504|504|
|Training|and workforce||development|||||180,000|180,000|
|Play Ambassadors||project||||||6,400|6,400|
||||||162,400|(32,400)|130,000|186,904|316,904|
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|19|Operating
lease commitments|Operating
lease commitments|Operating
lease commitments|Operating
lease commitments|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||At the reporting
end date the charity
had,||||outstanding|||commitments|for future|minimum
lease payments|||
||under non-cancefiable
operating|leases,||which||fall|due|as follows:|||||
|||||||||||2021||2020|
|||||||||||||6|
||Within one year|||||||||489||489|
||Between two snd five years|||||||||856||979|
|||||||||||1,345||1,468|
|20|Related party transactions||||||||||||
||Play Wales made payments
of|67,332(2020:55,875)||||||on behalf of another not for profit organisation||||during|
||the year. Play Wales was subsequently
reimbursed
for the payments
for profit organisation
noted above. Amounts
owed to the charity||||||||made. The
as at 31st|CEO isatrustee ofthe not
March 2021 totalled 6703|||
||(2020:61,112).||||||||||||
|21|Cash generated
from operations|||||||||2021||2020|
|||||||||||8||6|
||Surplus/(deficit)
for the year|||||||||169,521||(60,968)|
||Adjustments
for.||||||||||||
||Investment
income recognised|in statement|||offinancial|||activities||(179)||(523)|
||Depreciation
and impairment
oftangible|||fixed assets||||||128||159|
||Difference between
pension charge||and|cash contdibutions||||||20,000||20,000|
||Movements
in working
capital:||||||||||||
||(Increase)/decrease
in debtors|||||||||(497,550)||144,721|
||Increase/(decrease)
in creditors|||||||||460,213|(116,033)||
||Increase/(decrease)
in deferred|income||||||||7,396||(13,209)|
||Cash generated
from/(absorbed||by) operations|||||||159,529||(25,853)|
|22|Analysis ofchanges
in net funds||||||||||||
||The charity had no debt duding|the|year.||||||||||