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|||Page|
|---|---|---|
|Trustees report||1-14|
|Statement oftrustees|responsibilities|15|
|Independent<br>auditor's|report|16-18|
|Statement offinancial|activities|19|
|Balance sheet||20|
|Statement<br>ofcash flows||21|
|Notes to the financial|statements|22-41|





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|Refemnce and administative|Refemnce and administative|detaffs||||
|---|---|---|---|---|---|
|Charity name|||Play Wales IChwarae|Cymru||
|Charity number|||1068926|||
|Principal office|||Park House|||
||||Greyfiiars<br>Road|||
||||Cardiff|||
||||CF103AF|||
|Trustees|||DrAnne Crowley - Treasurer|||
||||Dr Elspeth Webb|||
||||Rhian Barrance|||
||||Malcolm<br>King|||
||||Keith Towler - Chair|||
||||Ronan Lyons|||
||||DrJacky Tyrie|||
|Key management|personnel||Mike Greenaway - Director|||
||||Marianne<br>Mannello - Assistant||Director|
|Auditors|||Azets Audit Services|||
||||Ty Derw, Lime Tree Court|||
||||Cardiff Gate Business Park|||
||||Cardiff|||
||||CF238AB|||
|Bankers|||The Co-Operative<br>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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||||||As restated||As restated|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
||Notes|2023<br>f|2023f|2023f|2022f|2022|2022f|
|~(maffggl||||||||
|Charitable<br>activities||800,411|47,343|847,754|616,734|73,572|690,306|
|Investments||2,449||2,449|60||60|
|Total income||802,860|47,343|850,203|616,794|73,572|690,366|
|EZpgnndltu<br>90;||||||||
|Charitable<br>activities||744,258|36,761|781,019|657,586|73,572|731,158|
|Net income/(expenditure)||||||||
|for the year/||||||||
|Net incoming/(outgoing)||||||||
|resources||58,602|10,582|69,184|(40,792)||(40,792)|
|Other recognised|gains and losses|||||||
|Actuarial<br>(loss)/gain||||||||
|on defined benefit||||||||
|pension schemes||(150,000)||(150,000)|460,000||460,000|
|Net movement<br>in funds||(91,398)|10,582|(80,816)|419,208||419,208|
|Fund balances at 1 April||||||||
|2022||764,036||764,036|344,828||344,828|
|Fund balances at|31|||||||
|March 2023||672,638|10,582|683,220|764,036||764,036|





## 

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## 

|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|6||||
|Fixed assets||||||||||
|Tangible assets|||||10|||||
|Curmnt assets||||||||||
|Debtors||||||318,426||42,019||
|Cash at bank and in||hand||||675,167||874,328||
|||||||993,593||916,347||
|Creditors: amounts|||falling due||within|||||
|one year|||||12|(310,373)||(312,311)||
|Net cunent assets|||||||683,220||604,036|
|Total assets less current||||liabilities|||683,220||604,036|
|Net assets excluding|||pension||(liability)isurplus||683,220||604,036|
|Defined benefit|pension|||(liability)l||||||
|surplus|||||14||||160,000|
|Net assets|||||||683,220||764,036|
|Income funds||||||||||
|Restricted<br>funds|||||15||10,582|||
|ILJsti<br>t dft|d|||||||||
|Designated<br>funds|||||16|377,474||323,700||
|General unrestricted||funds||||295,164||280,336||
|Pension reserve||||||||160,000||
||||||||672,638||764,036|
||||||||683,220||764,036|





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## 

|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|6||f||
|Cash flows from operating||||activities||||||
|Cash (absorbed||by)/generated||from|20|||||
|operations|||||||(201,610)||273,506|
|Investing|activities|||||||||
|Investment|income received|||||2,449||60||
|Net cash|generated<br>from||investing|||||||
|activities|||||||2,449||60|
|Net cash|used|in financing||activities||||||
|Net (decrease)/increase|||in|cash snd|cash|||||
|equivalents|||||||(199,161)||273,566|
|Cash and|cash|equivalents|at beginning||ofyear||874,328||600,762|
|Cash and|cash|equivalents||at end of|year||675,167||874,328|





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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
||||6|
|Interest|receivable|2,449|60|



## 

|||||Information|Training<br>&|Play policy,|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||services|Workforce|support<br>&|2023|2022|
||||||development|advocacy|||
|||||2023|2023|2023|||
|||||6|6|6|||
|Staff costs|||||3,303|50,386|53,689|66,410|
|Pdnting,|translation,||art and advertising|8,107|481|6,830|15,418|11,159|
|Training|and|consultancy||88,262|57,370|27,334|172,966|104,251|
|Administration||and|meeting costs|1,605||1,960|3,565|1,482|
|Computer<br>and website||||12|||12|224|
|Other staff costs||||||16,150|16,150||
|||||97,986|61,154|102,660|261,800|183,526|
|Share of|support costs (see note 6)|||178,216|168,027|162,978|509,221|542,262|
|Share of|governance||costs (see note 6)|9,998|||9,998|5,370|
|||||286,200|229,181|265,638|781,019|731,158|
|Analysis|by|fund|||||||
|Unrestricted||funds||286,200|229,181|228,877|744,258|657,586|
|Restricted<br>funds||||||36,761|36,761|73,572|
|||||286,200|229,181|265,638|781,019|731,158|





## 

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## 

|6|Supportcosts||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Support|Governance|2023|Support|Governance|2022|
||||||costs|costs||costs|costs||
|||||||E||E|E||
||Staff costs||||374,679||374,679|383,111||383,111|
||Depreciation|||||||504||504|
||Staff training||||10,879||10,879|1,459||1,459|
||Premises||||38,675||38,675|29,095||29,095|
||Property<br>running||costs||4,065||4,065|9,538||9,538|
||Administration|and|||||||||
||meeting costs||||26,582||26,582|75,267||75,267|
||Communications,||||||||||
||computer<br>and|website|||51,079||51,079|28,434||28,434|
||Legal, professional|||and|||||||
||subscriptions||||3,262||3,262|14,854||14,854|
||Audit, accountancy|||and|||||||
||other fees|||||9,998|9,998||5,370|5,370|
||||||509,221|9,998|519,219|542,262|5,370|547,632|
||Analysed<br>between||||||||||
||Chaditable<br>activities||||509,221|9,998|519,219|542,262|5,370|547,632|



## 



## 

## 

## 

|||2023|2022|
|---|---|---|---|
|||Number|Number|
|Direct charitable|expenditure|||
|Other expenses||||
|Total||||
||||As restated|
|Employment<br>costs||2023|2022|
|||6||
|Wages and salaries||295,746|293,589|
|Social security|costs|27,842|25,212|
|Other pension costs||104,780|130,720|
|||428,368|449,521|



## 

|F170,223).|||<br>|,||
|---|---|---|---|---|---|
|The number ofemployees|whose annual|remuneration|was 860,000 or more|||
|were:||||||
|||||2023|2022|
|||||Number|Number|
|660,000 - F69,999||||1|1|





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## 

|10|Tangible fixed asset|s||||
|---|---|---|---|---|---|
|||||Fixtures|and fittings|
||Cost|||||
||At 1 April 2022||||18,076|
||At 31 March 2023||||18,076|
||Depreciation<br>and impairment|||||
||At 1 April 2022||||18,076|
||At 31 March 2023||||18,076|
||Carrying<br>amount|||||
||At 31 March 2023|||||
||At 31 March 2022|||||
|11|Debtors|||||
|||||2023|2022|
||Amounts<br>falling due|within one year:||6|6|
||Trade debtors|||4,300|30,262|
||Prepayments<br>and accrued income|||314,126|11,757|
|||||318,426|42,019|
|12|Creditors: amounts|falling due within one year||||
|||||2023|2022|
||||Notes|6||
||Other taxation and social security|||7,030|7,703|
||Deferred income||13|47,486|34,999|
||Trade creditors|||219,704|258,851|
||Other creditors|||4,897||
||Accruals|||31,256|10,758|
|||||310,373|312,311|





## 

## 

||||||2023<br>2|2022f|
|---|---|---|---|---|---|---|
|Arising from grants,|memberships,||events and||||
|training|||||47,486|34,999|
|Deferred income is|included|in the financial statements||as follows:|||
||||||2023|2022|
||||||6||
|Deferred income is|included|within:|||||
|Current<br>liabilities|||||47,486|34,999|
|Movements<br>in the year:|||||||
|Brought forward|||||34,999|13,189|
|Released from previous<br>periods|||||(22,813)|(33,359)|
|Resources deferred|in the year||||35,300|55,169|
|Deferred income at|31 March|2023|||47,486|34,999|



## 



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## 

|Key assumptions|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||tro||
|Discount rate|||||4.7|2.7|
|Expected rate ofincrease ofpensions|||in payment||2.7|3.0|
|Expected rate ofsalary increases|||||3.7|4.0|
|CPI inflation|||||2.7|3.0|
|Pension accounts revaluation||rate|||2.7|3.0|
|Mortality assumptions|||||||
|The assumed<br>life expectations||on retirement||at age 65are:|||
||||||2023|2022|
||||||Years|Years|
|Retiring today|||||||
|-Males|||||22.6|22.1|
|-Females|||||24.7|24.6|
|Retiring<br>in 20 years|||||||
|-Males|||||23.2|23.2|
|-Females|||||25.8|26|
|Amounts<br>recognised|in the profit and loss account:||||||
||||||2023|2022|
||||||F|6|
|Cunent service cost|||||110,000|120,000|
|Net interest on defined benefit||liability/(asset)|||(10,000)|10,000|
|Total costs|||||100,000|130,000|
|Amounts<br>taken to other comprehensive|||income;||||
||||||2023f|2022<br>6|
|Actual return<br>on scheme assets|||||60,000|(300,000)|
|Less: calculated<br>interest element|||||90,000|60,000|
|Return<br>on scheme assets excluding<br>interest||||income|150,000|(240,000)|
|Actuarial changes related to obligations|||||(940,000)|(220,000)|
|Effects ofchanges<br>in|the amount ofsurplus|||that is not recoverable|940,000||
|Total costs/(income)|||||150,000|(460,000)|





## 

## 

## 

|The<br>amounts<br>included|in|the|balance|sheet|arising|from|the|charity's|||
|---|---|---|---|---|---|---|---|---|---|---|
|obligations<br>in respect ofdefined|||benefit plans are||as follows;||||||
||||||||||2023|2022|
||||||||||8|6|
|Present value ofdefined<br>benefit|||obligations||||||2,280,000|3,070,000|
|Fair value of plan assets|||||||||(3,220,000)|(3,230,000)|
|Surplus<br>in scheme|||||||||(940,000)|(160,000)|
|Restriction<br>on scheme assets|||||||||940,000||
|Total liability/(asset)<br>recognised||||||||||(160,000)|
|Movements<br>in the present|value||ofdefined|benefit|obligations:||||||
|||||||||||2023|
|||||||||||8|
|Liabilities at 1 April 2022||||||||||3,070,000|
|Current service cost||||||||||110,000|
|Benefits paid||||||||||(60,000)|
|Contributions<br>from scheme members||||||||||20,000|
|Actuarial<br>gains and losses||||||||||(940,000)|
|Interest cost||||||||||80,000|
|At 31 March 2023||||||||||2,280,000|



|Movements|in the fair value ofplan assets:|in the fair value ofplan assets:||||
|---|---|---|---|---|---|
||||||2023|
||||||8|
|Fair value ofassets at 1 Apriil 2022|||||3,230,000|
|Interest income|||||90,000|
|Return on plan assets (excluding||amounts|included|in net interest)|(150,000)|
|Benefits paid|||||(60,000)|
|Contributions|by the employer||||90,000|
|Contributions|by scheme members||||20,000|
|At 31 March|2023||||3,220,000|





## 

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## 

## 

|The fair value of plan assets at the reporting|period end was as follows:|||
|---|---|---|---|
|||2023|2022|
|Equity instruments||2,190,000|2,190,000|
|Property||230,000|220,000|
|Government<br>Bonds||280,000|300,000|
|Corporate Bonds||250,000|270,000|
|Cash||100,000|70,000|
|Mutli Asset Credit||170,000|180,000|
|||3,220,000|3,230,000|





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## 

|||||Balance at|Transfers|Balance at|Transfers|Balance at|
|---|---|---|---|---|---|---|---|---|
|||||1 April 2021||1April 2022|31|March 2023|
||||||6|6||6|
|Potential|redundancy|costs||87,700|7,300|95,000|21,000|116,000|
|Future book production||costs||28,000||28,000||28,000|
|Future revising<br>qualification,|||training||||||
|materials|and resources|||14,300||14,300||14,300|
|Fixed Asset Fund||||504|(504)||||
|Training|and workforce|development||180,000||180,000|39,174|219,174|
|Play Ambassadors<br>project||||6,400||6,400|(6,400)||
|||||316,904|6,796|323,700|53,774|377,474|





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## 

## 

|||2023<br>8|2022f|
|---|---|---|---|
|yI/ithin|one year|25,763|26,130|
|Between two and gve years||14,471|40,597|
|||40,234|66,727|



## 

|20|Cash generated<br>from operations|Cash generated<br>from operations|||2023|2022|
|---|---|---|---|---|---|---|
||||||8|6|
||(Deficit)/surplus<br>for the year||||69,184|(40,792)|
||Adjustments<br>for:||||||
||Investment<br>income recognised|in statement|offinancial|activities|(2,449)|(60)|
||Depreciation<br>and impairment<br>oftangible fixed assets|||||504|
||Difference between<br>pension charge and cash contributions||||10,000|40,000|
||Movements<br>in working capital:||||||
||(Increase)/decrease<br>in debtors||||(276,407)|469,778|
||(Decrease) in creditors||||(14,425)|(217,734)|
||Increase<br>in deferred<br>income||||12,487|21,810|
||Cash (absorbed<br>by)/generated|from operations|||(201,610)|273,506|
|21|Analysis ofchanges<br>in net funds||||||





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