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|---|---|---|
|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|
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|Refemnce and admlnlstatlve|Refemnce and admlnlstatlve|details||||||
|---|---|---|---|---|---|---|---|
|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|||||
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||||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|
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||||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|
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|||||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|
##
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##
|7|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|
##
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##
|||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|
##
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##
|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|
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|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|
##
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|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|
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|||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|
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||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.|||