**Registered number: 03426273 Charity number: 1072393**
## **CAIA PARK PARTNERSHIP LIMITED**
**TRUSTEES' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **CONTENTS**
||**Page**|
|---|---|
|Reference and administrative details of the charity, its trustees and advisers|1|
|Trustees' report|2-10|
|Independent auditors' report|11-13|
|Consolidated statement of financial activities|14|
|Consolidated balance sheet|
15|
|Charitable company balance sheet|16|
|Consolidated cash flow statement|17|
|Notes to the financial statements|18-34|
## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees**
K Graham A Wright, Treasurer C Ridgeway M Clapham D Mitchell M King OBE C Lloyd L Stamp P Williams, Chair
(resigned 4 May 2023) (appointed 4 May 2023) (appointed 4 May 2023) (appointed 4 May 2023)
## **Company registered number**
03426273
## **Charity registered number**
1072393
## **Registered office**
Caia Park Centre, Prince Charles Road, Wrexham, LL13 8TH
## **Chief executive officer**
Mr Gary Brown
## **Senior management team**
Mrs B Bartlett, Senior Manager Mr D Richardson, Senior Manager Mr J Stumpp, Senior Manager
## **Independent auditors**
Xeinadin Audit Limited, Unit 2, Hilliards Court, Chester Business Park, Chester, CH4 9PX
## **Bankers**
HSBC Bank Plc, 17-19 Regent Street, Wrexham, LL11 1RY
## **Solicitors**
GHP Legal, 26-30 Grosvenor Road, Wrexham, LL11 1BU
## **Solicitors (Employment Law)**
Ellis Whitham Ltd (T/A WorkNest), Woodhouse, Church Lane, Aldford, Chester, CH3 6JD
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The trustees, who are also the directors of the charity for the purpose of the Companies Act, present their annual report and the audited consolidated financial statements for the year ended 31 March 2023 which comprise Caia Park Partnership Limited and its subsidiary company Wrexham Community Enterprises Limited.
Since the charitable company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
## **OBJECTIVES AND ACTIVITIES**
## **a. Policies and objectives**
The company is a charity and exists to primarily promote the benefit of the inhabitants of Caia Park but also to benefit the inhabitants of the County Borough of Wrexham and Wales by the relief of poverty, sickness and distress, the advancement of education and provision of recreation and leisure time facilities in the interest of social welfare in order that their conditions of life may be improved.
In shaping our objectives for the year the trustees have given due consideration to the Charity Commission's guidance on public benefit and how planned projects will contribute to the aims and objectives they have set.
The trustees have also recognised that we have needed to consolidate after the global COVID-19 pandemic, adjust some services to help us respond to the UK’s cost of living crisis, and explore opportunities to create sustainable income streams for our work.
The period was a more fraught one than 2021-22, with a series of operational, financial and governance challenges:
- Those of an operational nature included the loss of 2 senior managers in quick succession, leading to a redistribution of leadership functions and the introduction of additional clerical support. We also spent considerable management and finance officer time exploring the feasibility of developing a domiciliary care trading arm, which proved to be abortive.
- The period also saw us dealing with the financial impacts of rising costs (especially wage related) in the face of very low static income growth, with a resulting need to draw more on reserves than planned. The period also saw us dealing with an internal fraud (separately reported in August 2023 to the Charities Commission), creating further financial pressure.
- In terms of governance the period saw us increase the board’s size and we were successful in making it more representative of the people and communities we serve. However, the period saw considerable conflict within the board which proved distracting.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **OBJECTIVES AND ACTIVITIES (continued)**
## **b. Strategies for achieving objectives**
Working closely with other local organisations, the public sector and residents, the Partnership develops and delivers a wide range of projects, services, facilities and opportunities that enable residents of Caia Park and Wrexham to fulfil their potential. Such activities require regular reviews and adaptations to evolve our work to best address the community’s needs, and to do so within appropriate and relevant financial, quality, performance and regulatory constraints.
The reporting period has seen us instigate work with local community organisations, public sector partners and residents to consider the merits of developing a shared (and singular) Community Wellbeing Plan for Caia Park. This work is set to develop further over the next few years.
## **c. Activities for achieving objectives and to further the charity's purpose for the public benefit**
Activities include an ever-changing mix of well-established, long-term routine service delivery, and innovative, short-term projects. All activities are considered for their ‘fit’ with community needs and our charitable purposes - individual projects and services capture targets in relation to our objects, and against which progress is reported to the relevant funder and stakeholders.
The main activities of the Partnership over the accounting period have been as follows:
## **Training and Employment**
Working in partnership with Wrexham County Borough Council (WCBC) and Jobcentre Plus we support the delivery of projects to help people gain employment. We delivered the second year of a 2-year service delivery contract with WCBC to facilitate and organise a county-wide programme of engagement/employment-focussed adult community learning.
Since September 2022 we have expanded our training & employment work (through our Youth Team) to deliver a wider range of projects aimed at 16-24 year olds not in education, employment or training. These include the ‘MAPS Plus’ project that is being supported by the UK Government’s Shared Prosperity Fund and the ‘Jobs Growth Wales Plus’ funded by the Welsh Government and delivered in association with Coleg Cambria.
## **Tenancy Support**
Caia Park Tenancy Support Team (‘Wrexham Engage’) continues to provide advice and practical support to enable people living in social housing across the county borough to maintain their tenancy. The cost of living crisis has presented additional challenges and demand for this service, with many beneficiaries and the contracting body (WCBC) praising our persistence and impact.
## **Deva House**
Deva House’s ability to deliver its range of functions as an older people’s day care centre, luncheon club, meals on wheels, social activities, and hub for advice and information was severely affected by the pandemic. Many of its beneficiaries were amongst the highest risk groups, and various public health regulations meant that the centre was closed to ‘in person’ service delivery for most of the accounting period. In response – and as restrictions eased - the centre simplified its delivery model to focus on a smaller number of higher need customers for centrebased support, whilst maintaining the provision of a meals on wheels service. The previously offered luncheon club opportunities have been relocated to the Partnership’s main site, which has grown in popularity over the reporting period.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **OBJECTIVES AND ACTIVITIES (continued)**
## **c. Activities for achieving objectives and to further the charity's purpose for the public benefit (continued)**
## **Youth Team**
All 8 of our centre-based youth clubs resumed their work during the accounting period, following the disruption of the pandemic’s restrictions. Regular sessions have been run at venues across the Caia Park, Hightown, Acton, Offa, Gwersyllt and Broughton areas of the county borough. Their timings have continued to be varied over each week, and are supplemented by regular outreach sessions to engage with young people who do not access the youth clubs. This twin approach remains effective in maintaining contact with many of the youth club users, and dovetails with efforts by North Wales Police and WCBC to educate and encourage young people’s engagement.
## **Flying Start and Early Entitlement**
We have continued to provide early years childcare at three nursery settings in Caia Park, including Flying Start provision at Hafod Y Wern and Gwenfro centres and at Sparkles Day Nursery. This work also encourages and supports parents to read more with their children and to take an active part in their development.
## **People’s Health Trust Local Conversation**
The Partnership has continued to work closely with People’s Health Trust to deliver the ‘Local Conversation’ programme in Caia Park. This has sought to bring local people together to effect real positive change in their community, with a focus on various factors that affect the social determinants of health inequalities. In June 2022 the Trust confirmed that the programme would end in December 2023. During the reporting period the Partnership has explored various options to sustain the key elements of the Local Conversation’s work. As described elsewhere, the singular Community Wellbeing Plan for Caia Park is part of the approach to sustain the most critical ‘influencing and coordinating’ aspects of work that we do to help bring about long-term changes in the social determinants of health that affect our community so adversely.
## **Facilities**
The Partnership has long term leases on 5 of its 7 buildings, with the other two (nursery settings) being on shortterm tenancy agreements. All buildings are owned by WCBC.
Three buildings that form the Caia Park Centre that are on a 99 year lease. These are the base for our work around employability, youth work and mentoring, volunteering, training, the local conversation, and tenancy support. They are also home to 3 of our 4 community enterprises. Two of these buildings have meeting / training rooms that support other community activities, and outside of pandemic restrictions these have been used to good affect to bring residents and partners together to develop and deliver services, projects and activities together. All three buildings are also home to one or more external tenants who pay market rents and service charges to offset the Partnership’s running costs.
A fourth building is on a 25 year lease and is home to our Sparkles day nursery (the fourth of our 4 community enterprises described further below).
Our fifth building is on a long-term tenancy agreement is home to our Deva House Older People’s centre. Our 6[th] and 7[th] buildings are on a short term tenancy agreement and act as centres for childcare delivery, specifically the Flying Start programme.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
**TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **OBJECTIVES AND ACTIVITIES (continued)**
## **c. Activities for achieving objectives and to further the charity's purpose for the public benefit (continued)**
## **Trading activities**
During the reporting period our trading arm Wrexham Community Enterprises struggled to reverse its trend of poor financial performance. Most of our loss making activities have been ended, including the Training and Consultancy work delivered by WCE’s ‘Advance Training and Consultancy’ unit, and our woodcrafts work delivered by WCE’s ‘Caia Crafts’ unit. The latter change resulted in a redundancy which took affect after the period end.
## **Catering Services**
Dormant. Our catering services were severely disrupted during the first year of the pandemic, with the result that the reporting period saw us decide to maintain the café’s closure as a commercial venture. Instead, we have utilised the café on a sessional basis to support activities such as events, parties, and meetings. We have also moved the luncheon club from Deva House to the café, as noted elsewhere in this report. No income has been earned at all in respect of ‘outside catering’ during the period.
## **Childcare services**
Sparkles day care nursery continues to provide high quality child care for babies and children from 2 months to full time school age. It continues to be the WCE’s single largest trading unit.
The pricing and cost model involved in providing commercial childcare at Sparkles Day Nursery was the subject of a performance review to improve the contribution to the Partnership’s wider charitable activities, with changes taken forward in the 2022-23 financial year. However, losses have continued, levels of debt a reducing but are still accruing, and the reporting period saw a fraud discovered in June 2022 and reported since to the Charities Commission.
## **Older people’s domicillary care**
During the previous year (21-22) staff and trustees of the Partnership worked closely with Wrexham CBC to explore the viability of establishing a business unit as part of Wrexham Community Enterprises to deliver homebased care for older people in Wrexham. This work concluded in January 23, recommending that the concept be put on hold until the fees available can match the scale of costs entailed.
## **d. Volunteers**
The support provided by volunteers remains hugely important to the Partnership, where a system remains in place for volunteers to be fully inducted, have a volunteer pack detailing all relevant policies and procedures and be offered training and support. Volunteers are awarded certificates of achievement to celebrate and acknowledge their contribution to the Partnership, and they are recompensed for out of pocket expenses.
Although over 40 volunteers are registered with the Partnership the pandemic and subsequent cost of living crisis have limited the opportunities and appetite for them all to continue volunteering with us. Nevertheless, volunteering has regained its position as being a visible and highly functioning part of our work, with a number of residents who have been involved as participants in our project work switching to become volunteers, several of whom are now leading the delivery of services to other a residents.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **ACHIEVEMENTS AND PERFORMANCE**
## **a. Successes in the year ended 31 March 2023**
- The pandemic and subsequent cost of living crisis brought incredible challenges and tensions to the Partnership, its work, trustees, leadership team, staff, volunteers and members. The way the team pulled together as a whole to face those challenges and resolve those tensions is testament to our collective belief in the value of activities we deliver and the mission we strive to achieve.
- This approach has helped the Partnership to tweak and better coordinate the various aspects of our work that support residents’ efforts to deal with cost of living challenges.
- The board of trustees has been supported in facing challenges and helping the leadership team to take decisions and agree priorities.
- The Partnership has continued to refine and embed the 2021 comprehensive pay review, with resulting changes in pay and grading implemented during the accounting period, although its affordability remains our greatest single financial challenge given its links to the National Living Wage.
- The Partnership has further developed the foundations for a rolling five-year strategic plan to support the direction of the organisation as a whole.
- New partnerships with stakeholders have been sustained and broadened, particularly as a result of work we have instigated to explore and develop a Caia Park Community Wellbeing Plan.
## **FINANCIAL REVIEW**
## **a. Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
## **b. Financial review**
The principal funding sources show that the expenditure for the year has supported the key objectives of the charity.
The total income has increased from £1,472,944 in 2021/22 to £1,486,134 in 2022/23. However, total expenditure increased by a greater degree, from £1,485,172 in 2021/22 to £1,672,264 in 2022/23.
The overall financial result for the year ended 31[st] March 2023 was therefore an increased deficit of £186,130 (worsening from the deficit of £12,228 in 2021/22).
## **c. Reserves policy**
At 31[st] March 2023 the restricted funds now stand at £275,617 (from £247,805 in 2021/22), and unrestricted funds are stood at £337,4919 (from £551,861) in 2021/22). Due to the loss in the year there are no freely available reserves (2022: £107,748).
The trustees have previously worked with a blanket policy whereby the unrestricted funds not committed, held by the charity should be for 3 months of the charitable expenditure. However, maintaining a balance this high has not been possible in the face of the challenges experienced during 2022/23. Work is ongoing for the 2023/24 to revise the policy and to agree a series of designated funds that seek to set funds aside for change management, growth and cyclical maintenance as well as for any financial difficulties and dissolution.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **FINANCIAL REVIEW (continued)**
## **d. Principal funding**
The principal funding sources for the charity are service level agreements and contracts secured with Wrexham County Borough Council and several Community Councils, alongside charitable trust grants and fees earned directly for service provision.
The charity continues to seek funding from a broad range of sources to de-risk reliance on any single source and has been successful in tendering for and securing a number of contracts, several of them County Borough-wide.
The charity has continued to review the remit and functions of its community enterprise arm as a means of supporting its activities. Trustees are concerned that whilst these activities create employment for staff and bring benefit to residents they often do so at a financial loss. Both the café and woodcraft elements of the trading arms work have now been ended, and further work is underway to review our role in the commercial childcare market where competition is high, margins are low and costs continue to increase.
The trustees wish to acknowledge their appreciation to all of the funding bodies that enable the charity to provide services to meet the expressed needs of the community of Caia Park.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The trustees, who are also directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
**K Graham** Chair (resigned 4 May 2023) **A Wright** Treasurer **C Ridgeway** Vice Chair throughout the reporting year (resigned 22 November 2023) **M Clapham D Mitchell M King OBE** Wrexham County Borough Council nominee C Lloyd (appointed 4 May 2023) L Stamp (appointed 4 May 2023) P Williams (appointed 4 May 2023), Chair from 21 November 2023.
( **Bold** denotes trustees at 31[st] March 2023)
## **a. Constitution**
The company is a charitable company limited by guarantee, incorporated on 29 August 1997 and registered as a charity on 11 November 1998.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
**TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)**
## **b. Method of appointment or election of trustees**
Under the Articles, the members elect up to eleven trustees at the AGM, subject to ratification at each AGM. Nominations forms for trustees are circulated with the AGM papers at least 21 days before the AGM and nominations are received from members. If the numbers of nominations exceed the free places than an election is held at the AGM. A further trustee can be co-opted at any time by the current trustees, and a single trustee is nominated by WCBC.
## **c. Policies adopted for the induction and training of trustees**
On joining the board new trustees undertake a programme of induction. This is a flexible programme which ensures that new trustees have a full understanding of the aims and objectives of the charity and a good awareness of current activities. This is supported with a comprehensive induction pack. Training on issues such as recruitment & selection, equalities and a range of relevant topics is offered to trustees throughout the year.
## **d. Organisational structure and decision making**
Caia Park Partnership Limited has a board of not less than six and not more than twelve trustees who meet bimonthly and are responsible for the strategic direction and policy of the charity. At present the board has members who live and/or work on Caia Park.
The day-to-day responsibilities for the execution of the charity's work rests with the Chief Officer, who ensures that the charity delivers on its key objectives and that specified performance indicators are met. The Chief Officer is also responsible for the individual management and supervision of the staff team ensuring their skills are updated and kept in line with relevant good practice guidelines. The Chief Officer has three deputies.
## **e. Related party relationships**
Caia Park Partnership works collaboratively with a range of partner organisations as the name suggests. Key partner organisations include: Wrexham CBC, Adult Learning Wales, Job Centre Plus, The People’s Health Trust, The Venture, Caia Park Community Council, MIND North East Wales, Groundwork North Wales, Wrexham Glyndwr University, and Coleg Cambria.
## **f. Risk management**
The trustees acknowledge the major risks facing Caia Park Partnership Limited, particularly as the charity develops further managing a diverse range of activities.
Due consideration is given to the risk factors and systems put in place to manage those deemed by the organisation to be "major risks" and that have a high likelihood of occurrence. The management of the identified risks incorporates both internal and external risk factors. Caia Park Partnership Limited has developed a risk management strategy which is applied before all new activities to ensure risk is properly identified. In addition the Partnership has a business risk register which identifies risks under four headings: Public Funding, Social Enterprises, Estate and Management, and Governance. Each risk is identified and mitigations put in place accordingly.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)**
## **f. Risk management (continued)**
The risks associated with our social enterprise activities are referenced elsewhere in this report. During the reporting year we suffered a theft of some of the enterprise arm’s cash earnings. This has been reported separately to the Charities Commission. The matter is being pursued with North Wales Police, and Caia Park Partnership’s finance policy and cash controls have been reviewed and strengthened where appropriate. The Charity has also introduced a standalone anti-fraud policy with associated actions.
## **PLANS FOR FUTURE PERIODS**
## **a. Future developments**
The Partnership will:
- continue to strengthen the financial performance of its trading units within Wrexham Community Enterprises, particularly the childcare work, including making changes to improve;
- work will start in reviewing the role the Partnership plays in facilitating a well-subscribed, singular community wellbeing plan for Caia Park;
- work will continue to develop and implement improved levels of financial reporting and forecasting; and
- work will continue with the implementation of the pay review for all staff.
## **b. External priorities**
The Partnership will:
- work with community organisations, public sector bodies, local businesses and residents in the spirit of ‘Caia Park Together’, within which the Partnership will perform a facilitation and steering role.
- identify and work with new and existing private and public sector partners to develop new services/enterprises.
- collaborate with a group of voluntary organisations from across Wales to share practice and look at joint working.
- continue to successfully tender to deliver projects which meet the needs of individuals and communities in Wrexham and which are consistent with objectives and priorities of CPP.
- maximise income from our community enterprises to help us to maintain high quality, sustainable services that meet the needs of the local community
- investigate the feasibility of new models of adult social care within which CPP could play active roles through the development of new social enterprise activities.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees' responsibilities statement**
The trustees (who are also directors of Caia Park Partnership Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- �� select suitable accounting policies and then apply them consistently;
- �� observe the methods and principles in the Charities SORP FRS102;
- �� make judgments and accounting estimates that are reasonable and prudent;
- �� prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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 auditors**
Each of the persons who are trustees at the time when this trustees' report is approved has confirmed that:
- �� so far as that trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and
- �� that trustee has taken all the steps that ought to have been taken as a trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.
## **Auditor**
Xeinadin Audit Limited were re-appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a general meeting.
The principal points of this report were discussed with trustees on 07 March 2024, and the report is duly signed on their behalf by the Chair below:
## **Mrs P Williams, Chair**
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## I **NDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF CAIA PARK PARTNERSHIP LIMITED FOR THE YEAR ENDED 31 MARCH 2023**
## **Opinion**
We have audited the financial statements of Caia Park Partnership Limited the ('charitable company') and its subsidiary (‘the group’) for the year ended 31 March 2023 which comprise the group statement of financial activities, the group balance sheet, the company balance sheet, the group 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 applicable law and United Kingdom Accounting Standards, including FRS102 _The Financial Reporting Standard applicable in the UK_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the group’s and the charitable company's affairs as at 31 March 2023 and of the group’s income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK';
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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 Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable company 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 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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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 Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and 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. We have nothing to report in this regard.
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## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## I **NDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF CAIA PARK PARTNERSHIP LIMITED FOR THE YEAR ENDED 31 MARCH 2023**
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees’ report, which includes the directors report for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the environment of the charitable company and the group obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within 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:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so.
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**CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## I **NDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF CAIA PARK PARTNERSHIP LIMITED FOR THE YEAR ENDED 31 MARCH 2023**
## **Auditor’s 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 a report of the independent auditors 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Enquiries of management and those charged with governance were held in order to identify any laws and regulations that could be expected to have a material impact on the financial statements. Throughout the audit, the team were updated with the outcomes of these enquiries including consideration as to where and how fraud may occur in the entity.
The audit procedures undertaken to address any potential risk in relation to irregularities (which include fraud and non-compliance with laws and regulations) included: enquiries of management and those charged with governance on how the charity complies with relevant laws, regulations and any cases of actual or potential litigations or claims; examination of appropriate legal correspondence; review of board minutes; testing of journal entries for appropriateness; and analytical procedures on account balances to identify variances against expectation which may show indications of fraud.
No instances of material non-compliance were identified, although the prospect of detecting irregularities, including fraud, is inherently difficult. This is due to; difficulty in detecting irregularities; limits imposed by the effectiveness of the entity’s controls; and the nature, timing and extent of the audit procedures performed. Irregularities as a result of fraud are inherently more difficult to detect than those resulting from error. Despite this the audit has been planned and performed in accordance with ISAs (UK), there is an unavoidable risk that material misstatements may not be detected.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http://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 members, 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 charitable company's members those matters we are required to state to them in an auditors' 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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
**Stephanie Baker BA(Hons) ACA (Senior Statutory Auditor) 07 March 2024 for and on behalf of Xeinadin Audit Limited Chartered Accountants Statutory Auditors** 2 Hilliards Court Chester Business Park Chester CH4 9QP
- 13 -
## **CAIA PARK PARTNERSHIP LIMITED**
(A company limited by guarantee)
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**INCOME FROM:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
**TOTAL** **INCOME**
**EXPENDITURE** **ON:**
Raising Funds
6
Charitable activities
6
**TOTAL** **EXPENDITURE**
**NET** **INCOME** **/** **(EXPENDITURE)**
**BEFORE** **TRANSFERS**
Transfers between Funds
18
**NET** **INCOME** **/** **(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**|**Unrestricted**
**funds**
**2023**
**£**
4,946
473,460
374,448
17
852,871
341,897
720,581
1,062,477
(209,606)
(4,336)
(213,942)
551,861
**337,919**|**Restricted**
**funds**
**2023**
**£**
1,500
470,259
161,504
-
633,263
-
609,787
609,787
23,476
4,336
27,812
247,805
**275,617**|**Total**
**funds**
**2023**
**£**
6,446
943,718
535,951
17
1,486,134
341,897
1,330,367
1,672,264
(186,130)
-
(186,130)
799,666
**613,536**|**Total**
**funds**
**2022**
**£**
3,589
1,001,875
467,476
4|
|---|---|---|---|---|
|||||1,472,944|
|||||336,819
1,148,353|
|||||1,485,172|
|||||(12,228)
-|
|||||(12,228)
811,894|
|||||**799,666**|
All activities relate to continuing operations.
The notes on pages 18 to 34 form part of these financial statements.
‘- 14 -
## **CAIA PARK PARTNERSHIP LIMITED** (A company limited by guarantee) **REGISTERED NUMBER: 03426273**
## **CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2023**
|**Note**
**FIXED ASSETS**
Tangible assets
14
**CURRENT ASSETS**
Debtors
16
Cash at bank and in hand
**CREDITORS:**amounts falling due
within one year
17
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
18
Unrestricted funds
18
**TOTAL FUNDS**|**2023**
**£**
**£**
410,485
410,485
168,407
206,634
375,041
(171,990)
203,051
613,536
275,617
337,919
613,536|
**£**
140,074
314,271
454,345
(98,792)|**2022**
**£**
444,113
444,113
355,553
799,666
247,805
551,861
799,666|
|---|---|---|---|
The financial statements were approved by the trustees on 07 March 2024 and signed on their behalf, by:
## **Mrs P Williams, Chair**
The notes on pages 18 to 34 form part of these financial statements.
- 15 -
## **CAIA PARK PARTNERSHIP LIMITED** (A company limited by guarantee) **REGISTERED NUMBER: 03426273**
## **CHARITABLE COMPANY BALANCE SHEET AS AT 31 MARCH 2023**
|**Note**
**FIXED ASSETS**
Tangible assets
14
Investments
15
**CURRENT ASSETS**
Debtors
16
Cash at bank and in hand
**CREDITORS:**amounts falling due
within one year
17
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
18
Unrestricted funds
18
**TOTAL FUNDS**|**2023**
**£**
**£**
405,461
1
405,462
669,671
75,863
745,534
(149,967)
595,567
1,001,029
275,617
725,412
1,001,029|
**£**
767,552
23,086
790,638
(96,486)|**2022**
**£**
436,868
1
436,869
694,152
1,131,021
247,805
883,216
1,131,021|
|---|---|---|---|
The financial statements were approved by the trustees on 07 March 2024 and signed on their behalf, by:
## **Mrs P Williams, Chair**
The notes on pages 18 to 34 form part of these financial statements
- 16 -
## **CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Cash provided by operating activities**
20
**Cash flows from investing activities**
Purchase of tangible fixed assets
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the
year
21|**2023**
**£**
**(88,349)**
(19,288)
**________**
(107,637)
314,271
**206,634**|**2022**
**£**
**(48,217)**
(44,423)
**________**
(92,640)
406,911|
|---|---|---|
|||**314,271**|
- 17 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **1.1 Company information**
Caia Park Partnership Limited is a private company limited by guarantee incorporated in England and Wales. The members of the company are the trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The registered office is Caia Centre, Prince Charles Road, Wrexham, LL13 8TH.
## **1.2 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS 102) and the Companies Act 2006.
Caia Park Partnership Limited 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.
The presentational currency of the financial statements is the Pound sterling. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historic cost convention. The principal accounting policies adopted are set out below.
## **1.3 Basis of consolidation**
The financial statements consolidate the accounts of Caia Park Partnership Limited and its wholly owned subsidiary Wrexham Community Enterprises Limited, on a line-by-line basis.
A separate profit and loss account has not been presented because the advantage has been taken of the exemption permitted by section 408 of the Companies Act 2006. The individual charity profit for the year was £129,995 (2022: £99,651).
## **1.4 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
‘- 18 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **1.5 Income**
All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charitable company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charitable company that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charitable company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charitable company, or the charitable company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the charitable company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charitable company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charitable company which is the amount the charitable company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.6 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
‘- 19 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **1.6 Expenditure (continued)**
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charitable company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charitable company and compliance with constitutional and statutory requirements.
All resources expended are inclusive of irrecoverable VAT.
## **1.7 Tangible fixed assets and depreciation**
All assets costing more than £500 are capitalised.
The long leasehold buildings have not been capitalised as the trustees believe that the cost of obtaining a valuation is greater than the benefit that this information would provide to the users of the financial statements.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold - over 25 years Motor vehicles - over 4 years - Furniture and equipment over 5-6 years - Computer equipment over 4 years
## **1.8 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities incorporating income and expenditure account.
## **1.9 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the bank.
## **1.10 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount repaid net of any trade discounts due.
## **1.11 Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
- 20 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **1.12 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## **1.13 Financial instruments**
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
## **1.14 Pensions**
The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fund in respect of the year.
## **1.15 Critical accounting estimates and judgements**
In the application of the charity's accounting policies, the trustees are required to make judgement, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The following judgements have had the most significant effect on amounts recognised in the financial statements.
## **Bad debt provision**
The trustees have made a decision to recognise a bad debt provision totalling £197,367 (2022: 182,451). £197,367 (2022: £179,755) is in relation to nursery fees within Wrexham Community Enterprises Limited. The decision has been taken on the basis that a large proportion of these debts are historic and in some cases disputed.
- 21 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. INCOME FROM DONATIONS AND LEGACIES**
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|
||**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|Donations|4,946|1,500|6,446|3,589|
In 2022, of the total income from donations and legacies, £59 was to unrestricted funds and £3,530 was to restricted funds.
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Rent and utilities
19,123
-
Meals on wheels
56,134
-
Contracts
374,441
462,863
Other charitable income
23,762
7,396
**473,460**
**470,259**|**Total**
**funds**
**2023**
**£**
19,123
56,134
837,304
31,158
**943,718**|**Total**
**funds**
**2022**
**£**
18,054
48,543
923,461
11,817|
|---|---|---|
|||**1,001,875**|
In 2022, of the total income from charitable activities, £156,536 was to unrestricted funds and £845,339 was to restricted funds.
## **4. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Fundraising income**
**£**
**£**
Hire of Equipment and Premises
21,214
4,113
Training
-
-
Social Enterprise
7,471
700
Sparkles 30 Hour Funding
31,610
-
Early Entitlement & Flying Start Funding
99,350
-
Flying Start
5,247
156,691
Wrexham Community Enterprise - Fees
209,557
-
**374,448**
**161,504**|**Total**
**funds**
**2023**
**£**
25,327
-
8,171
31,610
99,350
161,938
209,557
**535,951**|**Total**
**funds**
**2022**
**£**
9,246
1,224
3,394
23,254
88,312
142,880
199,166|
|||**467,476**|
In 2022, of the total fundraising income, _£_ 324,596 was to unrestricted funds and _£_ 142,880 was to restricted funds.
- 22 -
## **CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **5. INVESTMENT INCOME**
|**NVESTMENT** **INCOME**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**funds**|**funds**|**funds**|**funds**|
||**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|Investment income|17|-|17|4|
In 2022, of the total investment income, £4 was to unrestricted funds and £nil was to restricted funds.
## **6. ANALYSIS OF ACTIVITIES - EXPENDITURE BY TYPE**
## **2023**
|**2023**|||||
|---|---|---|---|---|
|Raising funds
Direct costs (note 7)
Support costs (note 8)
Governance (note 9)|**Staff**
**costs**
**2023**
**£**
337,462
784,705
-
-
**1,122,167**|**Depreciation**
**2023**
**£**
-
52,917
-
-
**52,917**|**Other**
**costs**
**2023**
**£**
4,434
319,333
157,039
16,374
**497,180**|**Total**
**2023**
**£**
341,897
1,156,954
157,039
16,374|
|||||**1,672,264**|
## **2022**
|Raising funds
Direct costs (note 7)
Support costs (note 8)
Governance (note 9)|**Staff**
**costs**
**2022**
**£**
335,218
728,017
-
-
**1,063,235**|**Depreciation**
**2022**
**£**
-
50,357
-
-
**50,357**|**Other**
**costs**
**2022**
**£**
1,601
198,297
152,852
18,830
**371,580**|**Total**
**2022**
**£**
336,819
976,671
152,852
18,830
**1,485,172**|
|---|---|---|---|---|
- 23 -
## **CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. DIRECT COSTS**
|**SUPPORT** **COSTS**
**GOVERNANCE**
Training
Volunteer expenses
Project contributions
Recruitment
Meals on Wheels
Light, heat, repairs, cleaning
Wages and salaries
Depreciation
Other administration running costs
Telephone and internet
Postage and stationery
Computer costs
Photocopying
Equipment hire and purchase
Motor expenses
Refreshments and consumables
Subscriptions
Consultancy fees
Bank charges
Publication and promotion
Repairs and maintenance
Sundry expenses
Insurance
Bad debts
**Unrestricted**
**funds**
**2023**
**£**
Audit and accountancy
9,971
Legal and professional fees
6,404
**16,374**|**Restricted**
**funds**
**2023**
**£**
-
-
**-**||**Total**
**2023**
**£**
1,359
677
224,393
1,728
43,260
47,917
784,705
52,917
**1,156,954**
**Total**
**2023**
**£**
4,843
9,839
4,587
7,079
1,351
16,542
6,802
12,760
666
44,128
2,061
45
21,408
1,924
7,817
15,188
**157,039**
**Total**
**Funds**
**2023**
**£**
9,971
6,404
**16,374**||**Total**
**2022**
**£**
3,136
250
115,086
2,737
37,940
39,148
728,017
50,357|
|---|---|---|---|---|---|
||||||**976,671**|
||||||**Total**
**2022**
**£**
6,811
9,468
4,284
6,271
1,298
32,132
6,204
10,411
320
-
1,421
400
26,663
1,597
7,128
38,444
**152,852**
**Total**
**funds**
**2022**
**£**
7,636
11,194
**18,830**|
|||||||
|||||||
|||||||
## **8. SUPPORT COSTS**
## **9. GOVERNANCE**
- 24 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **10. NET INCOME / (EXPENDITURE)**
This is stated after charging:
|Depreciation|**2023**
**£**
52,917
**52,917**|**2022**
**£**
50,357|
|---|---|---|
|||**50,357**|
## **11. AUDITORS' REMUNERATION**
The auditor's remuneration amounts to an audit fee of £6,000 (2022: £5,520).
## **12. TRUSTEES**
During the year, no trustees received any remuneration, benefits in kind or received any reimbursement of expenses (2022: £Nil).
## **13. STAFF COSTS**
Staff costs were as follows:
|Wages and salaries
Social security costs
Other pension costs|**2023**
**£**
1,025,609
68,735
27,604
**1,121,948**|**2022**
**£**
998,547
64,338
26,133|
|---|---|---|
|||**1,089,018**|
The average number of persons employed by the charitable company during the year was as follows:
|Management
Support staff
Cost of activities in furtherance of the charity’s objects
Fundraising|**2023**
**No.**
4
7
33
19
**63**|**2022**
**No.**
4
6
32
19|
|---|---|---|
|||**61**|
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity, comprise the trustees, the chief officer, deputy chief officer, senior managers, HR & core services manager and senior finance officer. The total employee benefits of the key management personal were £186,394 (2022: £156,387).
- 25 -
## **CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **14. TANGIBLE FIXED ASSETS**
|**Group**
**Cost**
At 1 April 2022
Additions
Disposals
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
Eliminated on disp.
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022
**Charity**
**Cost**
At 1 April 2022
Additions
Disposals
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
Eliminated on disp.
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022|**Long term**
**leasehold**
**property**
**£**
531,159
-
-
531,159
159,409
22,876
-
182,285
**348,874**
**371,750**
**Long term**
**leasehold**
**property**
**£**
528,027
-
-
528,027
159,034
22,751
-
181,785
**346,244**|**Motor**
**Vehicles**
**£**
41,143
-
-
41,143
25,970
7,588
-
33,558
**7,587**
**15,173**
**Motor**
**Vehicles**
**£**
41,143
-
-
41,143
25,970
7,588
-
33,558
**7,587**|**Office**
**Equipment**
**£**
129,400
17,410
-
146,808
86,800
14,355
-
101,155
**45,654**
**42,600**
**Office**
**Equipment**
**£**
118,340
16,341
-
134,681
79,628
11,794
-
91,422
**43,260**|**Computer**
**Equipment**
**£**
90,200
1,878
(55,485)
36,594
75,610
8,098
(55,485)
28,223
**8,370**
**14,590**
**Computer**
**Equipment**
**£**
87,200
1,878
(55,485)
33,593
73,210
7,498
(55,485)
25,223
**8,370**|**Total**
**£**
791,902
19,288
(55,485)|
|---|---|---|---|---|---|
||||||755,705
347,789
52,917
(55,485)|
||||||345,220|
||||||**410,485**|
|||||||
||||||**444,113**|
||||||**Total**
**£**
774,710
18,219
(55,485)|
||||||737,444
337,842
49,630
(55,485)|
||||||331,983|
||||||**405,461**|
||**368,993**|**15,173**|**38,712**|**13,990**|**436,868**|
- 26 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **15. FIXED ASET INVESTMENTS**
||**Shares in group**|
|---|---|
||**undertakings**|
|**Charity**|**£**|
|**Cost**||
|At 1 April 2022 and 31 March 2023|**1**|
Detail of the charity’s subsidiary at 31 March 2023:
|||**Class of**|**Percentage**|
|---|---|---|---|
|**Company name**|**Nature**|**Shares held**|**Shareholding**|
|Wrexham Community Enterprises Limited|Social work|Ordinary|100%|
|(07733458)|activities|||
The registered office of Wrexham Community Enterprises is Caia Park Centre, Prince Charles Road, Wrexham, LL13 8TH
## **16. DEBTORS**
|Trade debtors
Amounts owed from group undertakings
Other debtors
Prepayments and accrued income|**Group**
**2023**
**2022**
**£**
**£**
122,114
133,062
-
-
1,293
1,152
45,001
5,860
**168,407**
**140,074**|**Charity**|**Charity**|
|---|---|---|---|
||**2023**
**£**
122,114
-
1,293
45,001
**168,407**|**2023**
**£**
100,203
523,174
1,293
45,001
**669,671**|**2022**
**£**
120,643
639,897
1,152
5,860
**767,552**|
## **17. CREDITORS: Amounts falling due within one year**
|Trade creditors
Other creditors
Accruals and deferred income|**Group**
**2023**
**2022**
**£**
**£**
11,431
16,995
72,586
9,419
87,973
72,378
**171,990**
**98,792**|**Charity**|**Charity**|
|---|---|---|---|
||**2023**
**£**
11,431
72,586
87,973
**171,990**|**2023**
**£**
10,630
72,212
67,125
**149,967**|**2022**
**£**
16,626
9,399
70,461
**96,486**|
- 27 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **18. STATEMENT OF FUNDS**
**----- Start of picture text -----**
Brought Transfers Carried
forward Income Expenditure In/(out) forward
£ £ £ £ £
General Funds
General Funds – undesignated 467,439 624,310 (805,340) (4,336) 282,072
General Funds - designated 84,422 228,562 (257,137) - 55,847
**----- End of picture text -----**
|||||||
|---|---|---|---|---|---|
|**Total Unrestricted Funds**|**551,861**|**852,871**|**(1,062,477)**|**(4,336)**|**337,919**|
|**Restricted funds**||||||
|Children & Young Peoples|26,382|45,000|(56,681)|5,989|20,690|
|Team||||||
|C.A.T.S|4,171|107,386|(110,787)||770|
|In-school mentoring|4,703||||4,703|
|Offa Community Council|18,186|27,994|(29,476)||16,704|
|Gwenfro mentoring|3,617||||3,617|
|Peoples Health Trust|20,043|109,700|(109,626)||20,117|
|Bang Youth Team Project|3,151||||3,151|
|Flying start and early|15,308|74,791|(66,391)||23,707|
|entitlement - Gwenfro||||||
|Playgroup and Families||||||
|Older Peoples Floating Support|5,916||(705)||5,211|
|Service||||||
|CPCC Youth Team Pot|-|8,490|(2,501)|(5,989)|-|
|Divert - Wrexham AFC|1,797||||1,797|
|Program||||||
|NEETS – Tier 1 2015 (STARS)|20,472|14,000|(11,554)||22,918|
|Hafod Y Wern - Flying Start|11,226|88,534|(70,215)||29,546|
|Parenting Framework - Drop In|6,687|16,480|(15,142)||8,025|
|Children in Need|499||(250)||250|
|Acton – Youth Team|25,027|24,874|(23,253)||26,647|
|Communities 2.0 - PC Capital|332|700|(600)||432|
|Purchase||||||
|Community Fridge Project|2,190||(900)||1,290|
|WCBC Aim High+|2,555|43,975|(37,962)||8,568|
|Safer Streets|6,792||(1,358)||5,434|
|WG Tackling Food Poverty|969||(265)||704|
|Grant||||||
- 28 -
## **CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **18. STATEMENT OF FUNDS (continued)**
|**Restricted funds**
Youth Team Grant
Arson Reduction Project
WCBC – Youth Service Strat
& Rev Grant
Legacy fund play
Gwersyllt CC Youth
Broughton CC Youth
Rank Foundation Youth
True Colours
Glyndwr University YEF 2021
Waterloo / Steve Morgan
Foundations
Children In Need Safer
Action Fund (CIN SAF)
**Total Restricted Funds**
**Total Funds**|**Brought**
**forward**
**£**
4,300
435
686
170
42,185
2,215
7,643
148
10,000
**247,805**
**799,666**|**Income**
**£**
-
-
-
35,603
-
-
-
30,760
4,977
**633,263**
**1,486,134**|**Expenditure**
**£**
-
-
-
(140)
(33,687)
-
-
(100)
-
(35,096)
(3,098)
**(609,787)**
**(1,672,264)**|**Transfers**
**In/(out)**
**£**
4,336
**4,336**
**-**|**Carried**
**forward**
**£**
4,300
435
686
30
44,101
2,215
7,643
48
10,000
-
1,878|
|---|---|---|---|---|---|
||||||**275,617**|
||||||**613,536**|
## Children & Young Peoples Team
Providing youth clubs at venues across Caia Park, Hightown, Offa, Gwersyllt, Acton and Rhostyllen, our Youth team works with young people up to the age of 24 and also provides detached youth work, mentoring and activity-based clubs.
## Caia Park Tenancy Support Project (CaTS)
Originally a service for Caia Park residents only the service now covers the whole of Wrexham County Borough under the name ‘Wrexham Engage’. The team provides advice and practical support to enable people to maintain their tenancies.
## Within-school mentoring
This project provides one to one mentoring support for pupils aged 5 – 11 attending Hafod Y Wern community school who are identified by the school as needing extra mentoring support. It also provides support for their parents.
## Offa Community Council Grant
These funds are retained to be used on equipment to support the youth provision in the Offa area.
## Gwenfro Within school mentoring
This project provides one to one mentoring support for pupils aged 5 – 11 attending Gwenfro community primary school who are identified by the school as needing extra mentoring support. It also provides support for their parents.
- 29 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **18. STATEMENT OF FUNDS (continued)**
## Peoples Health Trust
Through their national ‘Local Conversation’ programme PHT supports efforts to help residents improve wellbeing in Caia Park. The project is resident-led and has priorities around young people, older people, the environment and improving participation in community activities.
## Operation Bang Youth Team Project
This project has now ended. It was used to hold diversionary activities for young people over the Halloween and Bonfire Night period to reduce anti-social behaviour and deliberate fire setting.
## Flying Start and Early Entitlement
Providing places across three nursery settings (Hafod Y Wern, Gwenfro and Sparkles) in Caia Park to ensure toddlers and pre-school age children get the best possible start.
## Older Peoples Floating Support Service
This project ended in 2020. It provided housing related support services across Wrexham County Borough, helping prevent homelessness, helping vulnerable people live independently & providing early interventions to help people secure a home. Retained funds are ring fenced for the same purposes.
## CPCC Youth Team Pot
This fund supports the delivery of youth work provision on the Caia Park Estate providing both youth clubs and outreach support for young people.
## Divert – Wrexham AFC Program
Funds remaining from this programme will be used to support activities and work with young people resident on the Caia Park Estate who are the most disengaged from mainstream services and at risk of getting involved in antisocial behaviour.
## NEETS – Tier 1
This borough-wide project provides mentoring support and training to help young people progress into training, education or employment. The aim of this service is to reduce the number of young people not in Education, Employment or Training across Wrexham.
## Hafod Y Wern - Flying Start
Providing places for the nursery settings at Hafod Y Wern to ensure toddlers and pre-school age children get the best possible start.
## – Parenting Framework Drop in sessions
This service provides early intervention and prevention services to families who are not open cases to social care services, in order to promote resilience.
## Children in Need -Aim High Project
A referral based mentoring service that that is accessible to all young people on a voluntary basis aged 8- 18 across Wrexham County Borough, giving priority to those from a disadvantaged area, This project provides a mentoring service for young people which aims to increase motivation and improve confidence.
## Acton – Youth Team
This project has provided open access youth provision to young people in the Acton area for both 8-13 and 14-18 year age groups.
- 30-
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **18. STATEMENT OF FUNDS (continued)**
## Communities 2.0 - PC Capital Purchase
This project has now ended. It enabled the upgrading and replacement of IT systems across the Partnership.
## Community Fridge Project
Funding has been provided to establish an outdoor shed containing both fridges and freezers to allow residents to freely access fresh food nearing its ‘use by’ date. The project aims to reduce levels of waste to landfill, but is part of a network of projects helping to ease food poverty in Caia Park.
## WCBC Aim High +
The Aim High Plus project provides a 1:1 mentoring service for children and young people aged 8-18 across the Wrexham County Borough. The main focus of the service is to support the health and wellbeing of children, young people and their families, who are experiencing mental health issues such as low self-esteem and confidence, heightened anxiety, social isolation, pressure on family relationships and aspiration concerns due to the lack of education.
## Safer Streets
This crime reduction project in the Queensway ward of Caia Park was funded by the Home Office via the office of North Wales Police and Crime Commissioner. The Partnership’s role was to lead on environmental improvement projects. Amongst these were projects to develop shipping container based environmental activities for residents.
## WG Tackling Food Poverty Grant
A sum was awarded via Wrexham County Borough Council to provide soup, hot drinks and a warm space in our Hub building for residents to come together during the winter of 2022/23. This was a competitive fund that lasted just one season.
## Youth Team Grant
General fund which helps to support the core services for young people being delivered by the youth team at CPP which includes youth clubs that are held at venues across Caia Park and central Wrexham as part of the WCBC open access youth work contract. Clubs are held on various evenings during the week. The youth team also runs drop-in sessions at the Partnership providing information and support to children and young people.
## Arson Reduction Project
This project has now ended. It provided outreach services to engage with local youths and reduce the levels of arson in the community.
## WCBC – Youth Service Strat & Rev Grant
This project provides small grants to enable the provision of cultural trips/events for youth groups around the community area.
## Legacy Fund Play
In parallel to the above this was a joint project with Wrexham Youth and Play Partnership to promote volunteering in the play work sector across Wrexham County Borough.
## Gwersyllt CC Youth work
Both youth clubs and outreach/detached work sessions funded directly by Gwersyllt Community Council aimed at providing activities for 8 – 13year olds in the Bradley and Gwersyllt areas.
‘- 31 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **18. STATEMENT OF FUNDS (continued)**
## Broughton CC Youth work
This project has now ended. Broughton Community Council funded us to provide open access youth work provision in the Brynteg area.
## Rank Foundation Youth
This project provides an intense, one-to-one mentoring support service to 16-24 year old NEET’s, who have been economically inactive since leaving school, or have been out of EET for some time. In some cases the project will work with parents to ensure they are given the confidence and skills to support their child, and build on the work undertaken by the mentor.
## True Colours
This group has been established by and for young LGBTQ+ people to make social connections and share experiences.
## Glyndwr University YEF 2021
A digital arts project delivered in partnership with Glyndwr University; who were themselves delivering a project funded by the Youth Endowment Fund, targeting those that were on the periphery of engaging in ASB. The sessions were open, and ran over 3 months, with some external facilitators being utilised for digital media and arts purposes.
## Waterloo / Steve Morgan Foundations
Funding for the continuation of the Aim High Project, a Mentoring project working with children and young people between the ages of 8-18 to support them to reach their full potential through the provision of 1:1 and group mentoring, both onsite and out in the community across Wrexham. The Waterloo Foundation funded part of the project for 3 years, where Steve Morgan funded a smaller part for 1 year.
## Children In Need Safer Action Fund (CIN SAF)
A Children in Need funded project to work with young people in Wrexham to create a Social Action Project that is aimed at young people working as a collective to create change. This project in particular focuses on young people having a voice, and ensuring there are direct channels for young people to directly communicate with those in authority and decision makers. Weekly sessions delivered across Wrexham aim to increase young peoples confidence and communication skills, and work with them to understand some of the issues young people face in Wrexham, and how speaking directly to decision makers as a collective can make a difference.
‘- 32 -
**CAIA PARK PARTNERSHIP LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **SUMMARY OF FUNDS - CONSOLIDATED**
|General funds -
undesignated
General funds -
designated
Restricted funds|**Brought**
**forward**
**£**
467,439
84,422
247,805
**799,666**|**Income**
**£**
624,310
228,562
633,263
**1,486,134**|**Expenditure**
**£**
(805,340)
(257,137)
(609,787)
**(1,672,264)**|**Transfers**
**In/(out)**
**£**
(4,336)
-
4,336
**-**|**Carried**
**forward**
**£**
282,073
55,847
275,616
**613,536**|
|---|---|---|---|---|---|
## **19. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **2023**
|Tangible fixed assets
Current assets
Creditors due within one year
**2022**
Tangible fixed assets
Current assets
Creditors due within one year|**Unrestricted**
**funds**
**2023**
**£**
410,485
99,424
(171,990)
**337,920**
**Unrestricted**
**funds**
**2022**
**£**
444,113
206,540
(98,792)
**551,861**|**Restricted**
**funds**
**2023**
**£**
-
275,617
-
**275,617**
**Restricted**
**funds**
**2022**
**£**
-
247,805
-
**247,805**|**Total**
**funds**
**2023**
**£**
410,485
375,041
(171,990)
**613,536**
**Total**
**funds**
**2022**
**£**
444,113
454,345
(98,792)
**799,666**|
|---|---|---|---|
**CAIA PARK PARTNERSHIP LIMITED**
‘- 33 -
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **20. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|Net income/(expenditure) for the year (as per statement of financial
activities)
**Adjustment for:**
Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**21.**
**ANALYSIS** **OF** **CASH** **AND** **CASH** **EQUIVALENTS**
Cash in hand
Notice deposits (less than 3 months)
Total|**2023**
**£**
(186,130)
52,917
(28,334)
73,198
**(88,349)**
**2023**
**£**
4,561
202,073
**206,634**|**2022**
**£**
(12,228)
50,357
(88,334)
1,988
**(48,217)**
**2022**
**£**
4,019
310,252
**314,271**|
|---|---|---|
## **22. PENSION COMMITMENTS**
The charitable company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £27,604 (2022: 26,133). Contributions totalling £Nil were payable to the fund at the balance sheet date included in creditors.
## **23. RELATED PARTY TRANSACTIONS**
Avril Wright, who is a trustee is an employee of Adult Learning Wales with whom the charity works in collaboration with on its intermediate labour market schemes. Adult Learning Wales also place children in Sparkles day nursery.
Adult Learning Wales was charged a total of £Nil (2022: £Nil) by the charity during the period, of which £Nil (2022: £Nil) was outstanding at the end of the period and is included in the trade debtors balance.
Councillor Malcolm King, who is a trustee is the Wrexham Council Nominated Director of Caia Park Partnership and the Chief Executive Officer of The Venture. The charity was charged a total of £2,199 (2022: £Nil) by The Venture during the period, of which £2,199 (2022: £Nil) was outstanding at the period end.
The Venture was charged a total of £213 (2022: £Nil) by the charity during the period, of which £213 (2022: £Nil) was outstanding at the period end.
‘- 34 -