2022-03-31-accounts - Play Wales/chwarae Cymru

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		Page
Trustees report
Statement oftrustees	responsibilities	14
Independent auditor's	report	15-17
Statement offinancial	acfhdties	18
Balance sheet		19
Statement ofcash flows		20
Notes tothe financial	statements	21-37

Refemnce and admlnlstatlve	Refemnce and admlnlstatlve
Charity name		Play Wales / Chwarae		Cymru
Charity number		1066926
Principal ofgce		Park House
		Greyfrlars Road
		Cardiff
		CF103AF
Trustees		Mike Shooter-	Resigned		12/10/22
		DrAnne Crowley	- Treasurer
		Dr Elspsth Webb
		Rhian Barranca
		Malcolm King
		Keith Towler - Chair
		Ronan Lyons
		DrJacky Tyrie -	appointed		16/2/22
Key management	personnel	Mike Greensway	- Director
		Marianne Mannello - Assistant				Director
Auditors		Azets Audit Services
		Ty Derw, Lime Tree Court
		Cardiff Gate Business		Park
		Cardiff
		CF23 BAB
Bankers		The CoOpemgve PLC
		PO Box250
		Skelmersdale
		WNS SWT
		CAF Bank PLC
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ
Solicitors		Geldards
		4Capital Quarter
		Tyndall Street
		Cardiff
		CF104BZ

			Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
			funds	funds		funds	funds
	Notes		2022 f	2022 f	2022 f	2021 f	202'I f	2021f
~ln lgtLIfgm; Charitable acfivities		3	6'l6,734	73,572	690,306	1,066,898	89,711	1,156,607
Other trading actlviTies Investmsnts		4 5	60		60	738 179		738 179
Total Income			616,794	73,572	890,366	1,067,813	89,711	1,157,524
E8ggfgl~tun o: Charitable activities		6	617,586	73,572	691,158	878,292	89,711	968,003
Other		10	40,000		40,000	20,000		20,000
Total expenditure			657,586	73,572	731,158	898,292	89,711	988,003
Net (expenditure)fincome		for
the yearl
Net (ouhioing)/incoming resources			(40,792)		(40792)	169,521		169,521
Other recognised	gains	and	losses
Actuarial gain/(loss)	on
defined benefit pension schemes			460,000		460000	(80000)		(80,000)
Net movement In funds			419,208		419,208	89,521		89,521
Fund balances at 1 April		2021	344,828		344,828	255,307		255,307
Fund balances at	31INarch
2022			764,036		764,036	344,828		344,828

			2022		2021
			6		6
Fixed assets
Tangible assets
Cunent asseis
Debtors		12	42,019		511,797
Cash at bank and in	hand		874,328		600,762
			916,347		'I,112,559
Creditors: amounts		falling due within
one year		13	(312,311)		(508,235)
Net current assels				604,036		604,324
Total assets less cunent liabilities				604,036		604,828
Net assets excluding		pension surplus/(deficit)		604,036		604,828
Deflned benefit pension surplusl
(deficit)				180,000		(260,000)
Income funds
(/gmg)t((28(U90t(8
Designated funds		17	323,700		316,904
General unrestricted	1'unde		280,336		287,924
Pension reserve			160,000		(280,000)
				764,036		344,828
				764,036		344,828

				2022		2021
			Notes	6		6
Cash flows from operating		acdvities
Cash generated from operations			21		273,506		159,529
Investing	activities
Inveslrnent	income received					179
Net cash	generated from investing
activities					60		179
Net cash	used in financing	activities
Nst increase In cash and cash equivalents					273,566		159,708
Cash and	cash equivalents	at beginning	ofyear		600,762		441,054
Cash and	cash equivalents	at end of	year		874,328		600,762

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			Total	Unrestricted
				funds
			2022	2021
			6	8
	Sundry	items		738
5	Investments
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			6
	Interest	receivable		179

Charitable	a	ctivities
				Information	Training &	Play policy,	Total	Total
				services	Workforce	support &	2022	2021
					development	advocacy
				2022 f	2022 6	2022 6
Staffcosts						66,410	66,410	64,013
Printing, translation,			art end advertising	6,309		4,850	11,159	69,236
Training end		consultancy		20,834	21,069	82,348	104,251	315,041
Administrafion		snd meeting costs				1,482	1,482	13,747
Computer	and website			224			224	62,522
				27,367	21,069	135,090	183,526	524,559
Share ofsupport costs (see note 7)				172,148	168,230	163,886	502,262	437,444
Shave ofgovernance			costs (see note 7)	5.370			5,370	6,000
				204,883	187,299	298,978	691,158	988,003
Analysis	by	fund
Unrestricted		funds		204,883	187,299	225,404	617,586	878,292
Restricted	funds					73,572	73,572	89,711
				204,883	187,299	298,976	691,158	968,003

Support costs
				Support	Governance	2022Support costs		Gcvernanxr	2021
				costs	costs			costs
				6	6	6	2		6
Staffcosts				343,111		343,111	364,818		364,818
Depreciagon				504			128		128
Staff training				1,459		1,459
Premises				29,095		29,095	21,168		21,168
Properly running		costs		9,538		9,538	1,662		1,662
Administration	and
meeting costs				75,267		75,267	13,372		13,372
Communications,
computer and website				28,434		28,434	28335		28,335
Legal, professional			and
subscdiptlons				14,854		14,854	7,961		7,961
Audit fees					5,370	5,370		6,000	6,000
				502,262	5,370	507,632	437,444	6,000	443,444
Analysed between
Charitable activities				502,262	5,370	507,632	437,444	6,000	443,444

		2022	2021
		Number	Number
Direct charitabl	expenditure
Other expenses
Total
Employment costs		2022 5	2021f
Wages and salaries		293,569	309,722
Social security	costs	25,212	28,327
Other pension costs		90,720	90,782
		409,521	428,831

	The number ofemployees whose annual remuneration warn;	wss 260,000 or more
		2022	2021
		Number	Number
	560,000 - 269,999	1	1
10	Other
		Unrestricted	Unmstricted
		funds	funds
		2022	2021
	FRS 102pension costs	40,000	20,000
		40,000	20,000

11	Tangible fixed assets
					Fixtures	snd nurses
						6
	Cost
	At 1 April 2021					18,076
	At 31 March 2022					18,075
	Depreciation and impairment
	At 1April 2021					17,572
	Depreciation charged	in the year				504
	At 31 March 2022					18,076
	Carrying amount
	At 31March 2021
12	Debtors
					2022	2021
	Amounts faglng due	within one	year.			6
	Trade debtors				30,262	5,973
	Other debtors					500,000
	Prepayments and accrued income				11,757	5,824
					42,019	511,797
13	Creditors: amounts falling due within one year
					2022	2021
				Notes		6
	Other taxation and social security				7,703	10,740
	Deferred income			14	34,999	13,189
	Trade creditors				258,851	448,548
	Other creditors					11,109
	Accruals				10,758	24,649
					312,311	508,235
14	Defened income
					2022	2021
					6	6
	Arising from grants, memberships,		events and
	training				34,999	13,189

Deferred income is	included	included	in the financial statements as follows:
				2022	2021
				8	5
Deferred income Is	induded		within:
Current liabilities					13,189
Movemsnts in the yean
Deferred income at	1 April		2021	13,189	5,793
Released from previous		periiods		(33,359)	(e,sgs)
Resources defened	in	the year		55,189	14,292
Deferred inoome at	31	March 2022		34,999	13,189

Retirement benefit schemes	Retirement benefit schemes	Retirement benefit schemes											(Continued)
													Yearn
Mortality assumptions
The assumed	life expectations		on	retirement			et age	65are:
												2022	2021
												Years
Rebring today
-Males												22.1	22.3
-Females												24.6	24.7
Retiring in 20	years
-Males												23.2	23,3
-Females												26	26.1
Amounts recognised in the		profit and			loss account:
												2022	2021
												8	8
Current service cost												120,000	100,000
Net interest on defined benefit			liability/(asset)									10,000	10,000
Total costs												130,000	110,000
Amounts taken to other comprehensive						income:
												2022	2021
												8	8
Actual return	on scheme assets											(300,000)	(450,000)
Less: calculated interest element												60,000	50,000
Return on scheme assets		excluding			interest		income					(240,000)	(400,000)
Actuarial changes related		to obligations										(220,000)	480,000
Total coster(income)												(460,000)	80,000
The amounts	included	in	the	balance			sheet	arising	from	the	charity's
obligations in	respect ofdefined benefit					plans are as fottows:
												2022	2021f
Present value	ofdefined benelit obligations											3,070,000	3,130,000
Fair value of	plan assets											(3,230,000)	(2,870,000)
(Surplus)/deficit in scheme												(160,000)	260,000

Movements in the present value	ofdefined		benefit obligafions:	benefit obligafions:
						2022
						5
Lisbilifies at 1April 2021						3,130,000
Current service cost						120,000
Benefits paid						(50,000)
Contributions from scheme members						20,000
Actuarial gains and losses						(220,000)
interest cost						70,000
At 31 March 2022						3,070,000
The defined benefit obligafions arise from plans which are wholly unfunded.
Movemerds In the fair value ofplan assets:
						2022
						5
Fair value ofassets at 1 April 2021						2,870,000
Interest income						60,000
Return on plan assets (eisriudlng	amounts	induded		in net interest)		240,000
Benefits paid						(50,000)
Contributions by the employer						90,00D
Contributions by scheme members						20,000
At31 March 2022						3,230,000
The fair value ofplan assets at the reporting			period	end was as follows:
						2021
						5
Equity Instruments					2,190,000	1,882,720
Property					220,00D	189,420
Government Bonds					300,000	307,090
Corporate Bonds					270,000	450,590
Cash					70,000	40,180
Mutli Asset Credit					180,000
					3,230,000	2,870,000

		Balance st	Transfers	Balance st	Tlsnafers	Balance at
		1Apra2S20 6	K	1Anra 2S21 f	21	INarch 2S22
Potential mdundancy costs		87,700		87,700	7,300	95,000
Future book production costs		28,000		28,000		28,000
Future revising quallfication,	training
materials and resources		14,300		14,300		14,300
Fixed Asset Fund			504	504	(504)
Training and workforce development			180,000	180,000		180,000
Play Ambassadors project			6,400	6,400		8,400
		130,000	186,904	316,904	6,796	323,700

	st31st March 2022 tota	st31st March 2022 tota	lled 5nil (2021:6703).	lled 5nil (2021:6703).
21	Cash generated from		operations		2022	2021
						6
	Surplus forthe year				(40,792)	169,521
	Adjustments for:
	Investment income	recognised		in statement offinancial activities	(60)	(179)
	Depmctstlon and impairment oftangible fixed assets				504	128
	Difference between	pension charge snd cash conlributions			40,000	20,000
	Movsmsnts in working		capitak
	Decrease/(increase)	in	debtom		469,778	(497,550)
	(Decrease)/increase	in	creditors		(217,734)	460,213
	Increase in deferred	income			21,810	7,396
	Cash generated from		operations		273,506	159,529
22	Analysis ofchanges		in net funds
	The charit had no	debt during		the year.