OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Page
Chair's report
Report ofthe Trustees (incorporating the Strategic Report) 2-13
Independent auditor's
report		 14-16
Consolidated Statement ofFinancial Activities 17
Charity Statement of Financial Activities
Consolidated and Charity Balance Sheets 19
Consolidated Statement ofCash Flows 20
Notes on the accounts 22-44

THE COALFIELDS REGENERATION TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Coalfields Regeneration Trust A MESSAGE FROM OUR CHAIR LINDA MCAVAN CHAIR In 2022123 the Coalflelds Regeneration Trust (CRTI continued to play a critlcal role al the heart of lofm8r coalfleld communities across Britain. As the Cost of Livlng Crlsls intensified the CR T helped 14,058 people to improve their linancial situallon and SUPPOTted a further 5.681 people to tackle their debt problems. The issues fa¢lng the lormer coalfields continue to impact on the life chances of many and demonstrate tho conllnuing n8od for the Coalflelds R6g&n&ration Trust some 8xamples include.. The economic gap b8lw88n the lormer coalfields and tha rest ol the UK doubled between 2004 and 2020. Peopl8 living in the former coalfields have two additional y8ars of poor h8allh and die a year earlier than the UK average. One in three people in Ihe lormer coalfields have no qualllications. The CR T is tackling these deeply ingrained issu8S together with our members and partners. In 2022123 wo helpgd a total of 26,305 people improve thelr health and supported 1,802 people to increase their skills or enter employmenl. As the CR T onters it's Iwenty-lilth year in 2024, we are ensuring we are ready as an organisatlon to tackle current and future issues aflecling the comrnunities we serve. We intend lo do this in Ihe year ahead by.. Using the Coalfield Communities APPG 'Next Steps in Levelling Up the Formgr Coalflelds, report as a guiding light to influence the CRT'S rspw st¥alegy for 2024-29. Completing Ouf extensive Governance review led by our Board of Trustees and supported by our CEO and Senior Management Team. Expanding our sell-sustaininE industrial property model aoross all three nations to Increase our financial 8U8tainabilily and tlexibilily. It has b88n an incredible honour to take on the role ol Chair of the Coalfields Regeneration Trust this yeaT. I would like to thank my predecassor Pgtgr McN83try - the strength of the CRT today is a c¥edit to his past work and has given us a strong foundatlon for the lulurè.

HEALTH
Number of adults gaining
relief		 from anxiety or depression 333
Relief from being heavily burdened
by debt		 5681
Increased
financial		 comfort 14058
Number of people members
of		 a social group 4439
Number of people participating in a gardening group 23
Number of people increasing
participation
in physical		 activity 135
Number ofpeople gaining
good		 overall health 601
Frequent moderate exercise 782
Frequent mild exercise 79
Peo le la
in
football		 174
SKILLS
Number of people who regularly volunteer 1237
Numberof
artici		 ants
rovided		 with
eneral'obtrainin		 200
EMPLOYMENT
Number ofpeople entering
full time employment		 110
Number
Number		 of people entering
part
of 'obs created		 time employment 34
21

Total number
of Beneficiaries
/ Group Activity Participants		 Total number
of Beneficiaries
/ Group Activity Participants		 Total number
of Beneficiaries
/ Group Activity Participants		 Total number
of Beneficiaries
/ Group Activity Participants		 (CRT Reach) (CRT Reach) 84333
CRT Engage Total Active Customers 267
Accredited
Training
Qualifications
Achieved		 251
Non Accredited
Training
Qualifications
Achieved		 29
General
Skills Development
Achieved		 1872
Number ofPeople with Improved
Mental Wellbeing		 4929
Number ofPeople Participating
in Healthy
Lifestyle		 Activities 3954
VCSE Organisations
Established		 5
New Community
Activities
/ Services		 34
Total Number ofCRT Support Members
~CRT Member
/ VCSE Support Meetings
Held		 570
328
Value ofCRT Support Member Grant Applications Supported 93,597,830
Value ofFunds Secured by CRT Support Members F1,178,932
CRT Events
/ Workshops
Delivered		 63
VCSE Organisations
Supported		 421
VCSE Organisations
Supported
to Tackle Climate		 Change 14
Number ofCommunity
Action Plans Developed		 5
Number ofCommunity
Facilities Supported
./ Created		 51
Number ofAsset Transfers
Supported		 25
External
Grant Funding
/ Contract
Income Secured		 (including 92.5m Macmillan
grant
over
5 years
but
excluding
Scottish		 and Welsh government grant 83,123,021
agreements)

As
Unrestricted Unrestricted Total restated
General Pensions Unrestricted Restricted Total Total
Funds Funds Funds Funds Funds Funds
2023 2023 2023 2023 2023 2022
Nots 6'000 6'000 6'000 6'000 6'000 6'000
Income from:
Donations
and legacies		 22 22 1,546 1,568 1,297
Charitable
activities		 539 539 776
Other trading
activities		 75 75 75 112
Investments 5,784 100 5,884 5,884 3,781
Other income 33
Total 5,881 100 5981 2,085 8,066 5,999
Expenditure
on:
Charitable
activities		 8 2213 64 2,277 1,773 4,050 4,234
Trading
activities		 11 2008 2 008 2008 1 731
Total 4221 64 4285 1,773 6058 5965
Net (losses) / gains on
investments 17 (7,546) (7,546) (7,546) 6,242
Net (expenditure) / income
before tsx (5,884) 36 (5,848) 312 (5,536) 8,276
Tax credit / (charge) 20 725 725 725 1 363
Net (expenditure)
for the year		 / Income (5,159) 36 (5,123) 312 (4,811) 6,913
Transfers
between		 funds
Actuarial (losses) / gains on
defined
benefit pension
schemes
(including
restriction
on pension asset)		 21 2989 2989 2989 2 182
Net movement
in		 funds (5,159) (2,953) (8,112) 312 (7,800) 9,095
Reconciliation
of		 funds;
Total funds brought forward 22/23 48,430 2,953 51 383 56 51439 42,344
Total funds carried
forward 43271 43,271 368 43639 51439

As
Unrestricted Unrestricted Total restated
General Pensions Unrestricted Restricted Total Total
Funds Funds Funds Funds Funds Funds
2023 2023 2023 2023 2023 2022
Note 8'000 6'000 6'000 6'000 8'000 E'000
Income from:
Donations and legacies 2,455 2,455 1,546 4,001 3,623
Charitable activities 114 114 539 653 889
Investments 387 100 487 487 406
Other income 33
Total 2956 100 3,056 2,085 5 141 4951
Expenditure
on:
Charitable activities 8 2348 64 2412 1 773 4 185 4234
Total 2,348 64 2,412 1,773 4 185 4 234
Impairment loss on
investments 16 590 590 590
Net income I
(expenditure) 18 36 54 312 366 717
Transfers between
funds
Actuarial (losses) Igains
on defined benefit
pension schemes
(including restriction on
pension asset) 21 2,989 2989 2989 2 182
Net movement in funds
18 (2,953) (2,935) 312 (2,623) 2,899
Reconciliation of
funds:
Total funds brought
forward 22/23 38254 2953 41 207 56 41 263 38364
Total funds carried
forward 38272 38,272 368 38,640 41,263

As
restated
Group Group Charity Charity
Note 2023 2022 2023 2022
5'000 5'000 5'000 F'000
Fixed assets:
Tangible assets 15 1,582 5,160 861 404
Investments 16 56460 58805 15993 16566
Total fixed assets 58042 63,965 16854 16,970
Current assets:
Debtors 17 1,320 1,140 17,189 16,845
Cash at bank and in hand 7749 7,429 5492 5,324
Total current assets 9,069 8,569 22,681 22,169
Liabilities:
Creditors: Amounts falling due within one
year 18 7837 6309 895 829
Net current (liabilities) I assets 1 230 2,260 21 926 21,340
Total assets less current liabilities 59,274 66,225 38,640 38,310
Creditors: Amounts falling due after more
than one year 19 (14,100) (15,479)
Provisions
Deferred tax liability 20 1,535 2,260
Net assets excluding pension asset 43,639 48,486 38.640 38,310
Defined benefit pension scheme asset 21 2,953 2,953
Total net assets 43639 51,439 38,640 41,263
The funds ofthe charity:
Unrestricted
funds		 43,271 51,383 38,272 41,207
Restricted funds 368 56 368 56
Total charity funds 22/23 43639 51 439 38640 41 263

Fo ryear e nding 31 March 2023
Group As
restated
Group
2023 2022
6'000 F'000
Cash flows from operating
activities:
Net cash used
in operating
activities		 (4,211) (3,030)
Cash flows from investing
activities:
Rents from investments 5,766 3,739
Interest receivable 18 12
Proceeds from sale ofproperty,
plant and		 equipment
Purchase
ofproperty,
plant and equipment		 (2,789) (3,528)
Proceeds from sale ofinvestments 1,571 534
Purchase ofinvestments 35 3,963
Net cash provided
by / (used in) investing		 activities 4,531 3,206
Cash flows from financing
activities:
Cash inflows from new borrowing 6,500
Net cash provided
by financing
activities		 6,500
Change
in cash and cash equivalents		 in the year 320 264
Cash and cash equivalents
at the beginning		 ofthe year 7429 7 165
Cash and cash equivalents
at the		 end ofthe year 7749 7429
Notes to the consolidated
cash flow statement
) Reconciliation
ofnet income to net cash flow from operating		 activities
Net (expenditure)
/ income for the year		 (4,811) 6,913
Depreciation
charges		 66 66
Impairment
oftangible
fixed assets		 38
Losses / (gains) on investments 7,544 (8,242)
Loss on investment
disposals		 39 11
Rental income (5,766) (3,739)
interest receivable (18) (12)
(Increase)
/ decrease
in debtors		 (180) (183)
Increase/(decrease)
in creditors		 (362) 760
(Decrease)/increase
in provisions		 (725) 1,362
Pension adjustment
—contributions		 paid 36 34
Net cash used in operating
activities		 4211 3,030

Freehold
property		 2%straight line
ITEquipment 33%straight line
Office equipment, furniture, fixtures &fittings 20%straight line
Solar panels 4%straight line
Biomass boiler & wind turbine 5% straight line

4 Incom e from donation s
Group Group Group Group Charity Charity Charity Charity
Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted
2023 2023 2022 2022 2023 2023 2022 2022
E'000 E'000 EOOO E'000 E'000 E'000 E'000 E'000
Government
Grants 1,224 1,205 1,224 1,205
Donations 22 322 92 22 322 92
Gift aid 2,433 2,326
donations
22 1 546 1,297 2455 1 546 2,326 1 297

5Inco me from charitable
a		 ctivities
Group Group Group Group Charity Charity Charity Charity
Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted
2023 2023 2022 2022 2023 2023 2022 2022
E'000 E'000 E'000 E'000 E'000 E'000 E'000 E'000
Contracts and Service
Level Agreements 539 776 530 776
Management charges 114 113
539 776 114 530 113 776

Group Group Charity Charity
Unrestricted Unrestricted Unrestricted Unrestricted
2023 2022 2023 2022
E'000 E'000 E'000 E'000
Renewable energy 75 112
75 112

Incom e from investment s
Group Group Charity Chanty
Unrestricted Unrestricted Unrestricted Unrestricted
2023 2022 2023 2022
4'000 C000 F.'000 E'000
Bank interest 18 12
Finance income 375 364
Properly Income 5,766 3,739
Pension reserve income 100 42 100 42
5,884 3,781 487 406

Group Charity Group & Group & Group Charity
Charity Charity
Unrsstdctsd Unrestricted Unrestricted
Pension
Fund Restricted Total Total
2023 2023 2023 2023 2023 2023
K'000 F.'000 6'000 6'000 6'000 F.'000
Grant making:
Grants approved
Staff costs		 (note 9) 641
66		 641
66		 468
'l19		 1,109
185		 1,109
185
Other overheads 20 20 32 52 52
Governance 54 54 5 59 59
General support 285 285 27 312 312
1,066 1,066 651 1,717 1,717
Community Support:
Programme costs 216 216 141 357 357
Staff costs 388 388 808 1,196 1,196
Other overheads 173 188 118 291 306
Governance 59 59 9 68 68
General support 311 311 46 357 357
Pension 64 64 64
1 147 1 162 64 1 122 2,333 2 348
Exceptional group debt 120 120
provision
Total 2 213 2,438 64 1,773 4,050 4,185

revious y ear
Group Charity Group 8 Group 6 Group Charity
Charity Charity
Unrestricted Unrestricted Unrestricted
pension
Fund Restricted Total Total
2022 2022 2022 2022 2022 2022
6'000 6'000 8'000 6'000 6'000 6'000
Grant making:
Grants		 785 785 656 1.441 1.441
approved
Staff costs 90 90 168 258 258
Other 52 52 54 106 106
overheads
Governance 67 67 3 70 70
General support 411 411 18 429 429
1 405 1 405 899 2 304 2 304
Community Suppor
Programme 50 50 329 379 379
costs
Staff costs 330 330 703 1,033 1,033
Other 81 81 97 178 178
overheads
Governance 33 33 4 37 37
General support 205 205 22 227 227
Pension 76 76 76
699 699 76 1 155 1930 1 930
Total 2,104 2 104 76 2054 4234 4,234

Payment
conditions
now met Canceiisdl
Accrual snd Paid adjusted Accrual
brought committed during carried
forward to in 2023 2023 2023 forward
Grantee 6'000 6'000 6'000 8'000 6"000
Encllsnd:
Aylesham
and District Community		 Workshop
Trust
30 (30)
Blyth Resource & Initiative Centre 10 (10)
Broxtowe Women's
Project Ltd		 10 (10)
Sangini 10 (10)
Limestone
House Ltd		 10 (10)
Tdinity Mission Castfsford 10 (10)
Acumen
Community
Buildings		 Ltd 10 (10)
True Colours Inclusive CIC 10 (10)
Rhubarb
Farm CIC		 10 (10)
Barnsley Young Men's Christian Assoc. 10 (10)
Helping Angels Charitable Assoc. 10 (10)
Hordsn
Centennial
Centre		 10 (10)
Titans Community
Foundation		 10 (10)
The Social Action Hub 10 (10)
Community
Furniture
Store Ltd		 10 (10)
Active Regsn Community Foundation Ltd 10 (10)
Other grants under 610k 13 405 (470) (30) 8
Scotland:
School for Social Entrepreneurs 102 (61) 41
The Zone 60 (30) 30
The Imagination
Library		 40 40
Events Coordinator 19 19
Game on Sports Coach
Other grants under f10k		 210 11
98		 (221) (15) 11
72
Wales:
Other grants under 210k 53 164 (196) (15) 6
Total 276 1,169 1,158 60 227

0Analysis ofgover nance
and general		 support costs
2023 2023 2023 2022
General
Governance support Total Total
costs
0'000 0'000 0'000
Staff costs 67 343 410 327
Legal and professional fees 66 66 109
Audit 32 32 25
Trustee costs 12 12 5
IT 2 72 74 68
Marketing 64 64 95
Insurance 17 17 21
Depreciation 10 10 10
Other 14 97 111 103
127 669 706 763
Total 2022 107 656 763

As restated
Group Group Charity Charity
2023 2022 2023 2022
0'000 2'000 0'000 E'000
CRT Property Investment costs 1,039 1,500
CRT Community Enterprise costs 17 102
CRT Renewable Energy costs 152 129
CRT Trading costs
Total 2008 1 731

his is sta ted after charging:
Group Group Charity Charity
2023 2022 2023 2022
r.'000 0000 0'000 0000
Depreciation 66 66 10
Loss on disposal offixed
assets 39 11
Bank interest payable 995 410
Auditoys remuneration:
Audit fee 56 44 32 25
Non-audit 9 12 2 5

Group Group Charity Charity
2023 2022 2023 2022
E60,000 -E70,000 1 1
E70,001 -E80,000
E'80,001 - E90,000
E90,001 - E100,000 1 1
E100,001 - E110,000

5Tangible fixed as sets sets
GROUP Freehold Assets Fixtures
land & under IT fittings & Solar Biomass Wind
buildings
6000		 construction
E'000		 equipment
5'000		 equipment
6000		 Panels
6000		 Boiler
6000		 Turbine
F.'000		 Total
6'000
Coat
At 1 April 2022 481 3,961 157 25 1,087 109 142 5,962
Additions 3,300 3,300
Transfer to
investment
properly		 (6,774) (6,774)
Disposala
At 31 March 2023 481 487 157 25 1,087 109 142 2488
Depreciation
and
impairment
At 1 April 2022 97 157 25 417 49 57 802
Charge for year 10 43 5 8 66
Impairment
charge		 38 38
At 31 March 2023 107 157 25 498 54 55 906
Net BookValue
At 31 March 2823 374 487 589 55 77 1582
At 31 March 2022 384 3.961 870 60 85 5,160
CHARITY Freehold Fixtures Assets
land & IT fittings & under
buildings
equipment
6'000
5'000		 equipment
F.'000		 construction
F'000		 Total
6'000
Cost
At 1 April 2022 481 157 25 20 683
Additions 457 467
Transfer to investment property
At 31 March 2023 481 157 25 487 1,150
Depreciation
At 1 April 2022 97 157 25 279
Charge for year 10 10
At 31 March 2023 107 157 25 289
Net Book Value
At 31 March 2023 374 487 861
At 31 March 2022 384 20 404

Subsidiary Company Charity Equity Principal
number number shareholding activity
CRT Trading Limited 04547241 n/a 1PP% Dormant
The Community Legacy Trust 06855302 1133280 n/a* Dormant
Konect Management Company 12760560 n/a 93%** Dormant
Limited
CRT Renewable Energy Limited 07876060 n/a 100% Renewable
initiatives
CRT Property Investments Limited 08380021 n/a 100% Property
Investment
CRT Community Enterprises Limited 08791168 n/a 100% Property
Investment
CRT CRT CRT
CRT Renewable Property Community
Trading Energy Investments Enterprises
Limited Limited Limited Limited
6'000 f.'000 5'000 8'000
Income 75 3,893 15
Expenditure (191) (919) (17)
Other operating
income		 1,912
Other operating
expense		 (39)
Interest receivable 6
Interest payable (1,370)
Net loss on investments (7,502) (15)
Profit/ (loss) before tax (116) (4,019) (32)
Tax (charge)
/ credit		 725
Trading
profit/ (loss)		 for the year (116) (3,294) (32)
Gift aid payment 39 2,393
Increase/(Decrease) in reserves (155) (5,627) (32)
in the year
Net Assets at 31 March 2023 366 100 20,345 (117)

7Debtors
Group Group Charity Charity
2023 2022 2023 2022
6'000 E000 6'000 F000
Trade debtors 299 230 20
Amounts
owed by group
undertakings 17,003 16,800
Prepayments and accrued income 1,021 688 166 45
Other taxation 222
1,320 1,140 17,189 16,845
Group Group Charity Charity
2023 2022 2023 2022
8'000 f'000 8'000 F'000
Amounts owed by group
undertakings 13,243 12,868
8Creditors: amounts falling due within one year
Group Group Charity Charity
2023 2022 2023 2022
6'000 f.'000 8'000 F'000
Bank loans 5,179 3,800
Grants payable 229 278 229 278
Trade creditors 238 184 171 98
Accruals and deferred income 2,067 1,993 409 366
Other taxation and social security 124 54 86 87
7,837 6,309 895 829
Group Group Charity Charity
2023 2022 2023 2022
8'000 E000 8'000 E000
Deferred at 1 April 2022 251 264 251 264
Deferred during the year 238 251 238 251
Released from previous periods 242 264) 242 264
Deferred at 31 March 2023 247 251 247 264

Group Group Charity Charity
2023
f000		 2022
F'000		 2023
f'000		 2022
F'000
Bank loans 14100 15,479
oans repayable, included within creditors, are analysed as follows:
2023
f'000		 2022
f'000
Bank loan due in one year 5,179 3,800
Bank loan repayable between two to five years 14,100 15,479
19,279 19,279

Group Group Charity Charity
2023 2022 2023 2022
Provision for deferred tax
Fixed asset differences 1,535 2,260
Total deferred tax liability 1,535 2260
Movement in provision:
Provision brought
forward		 2,260 897
(Charge)/credit
for the period		 725 1 363
Provision carried forward 1,535 2260

The assets and liabilities ofthe scheme at 31 March are:
2023 2022
6'000 E'000
Scheme assets at fair value:
Equities 11,184 10,989
Property 457 551
Government
bonds		 955 1,019
Corporate bonds 637 661
Cash 318 399
Other 291 151
Fair value ofscheme assets 13,842 13,770
Present value offunded defined benefit obligations 7,584 10,060
Funded status 6,258 3,710
Unrecognised
asset		 6,258 757
Asset recognised
on		 the balance sheet 2,953
The amounts
recognised		 in the income statement are as follows:
2023 2022
6'000 F'000
Operating cost
Current service cost 99
Past service cost
Financing cost
Interest on net defined benefit asset (100) (42)
Pension expense recognised 69
Amount
recognised
in other comprehensive		 income
2023 2022
6'000 F'000
Asset gains
in the year		 2,693 697
Liability (losses)/gains in the year (181) 1,101
Adjustment
to reflect restriction		 on pension asset (5,501) 384
Total amount recognised 2989 2,182
Changes
in the present		 value ofthe defined benefit obligation are analysed as follows:
2023 2022
6'000 E000
At 1 April 2022 10,060 10,655
Current service cost 99 111
Interest expense on defined benefit obligation 270 221
Contributions
by participants		 21 22
Actuarial
(gains)
/ losses on liabilities		 (2,693) (697)
Net benefits
paid		 173 252
At 31 March 2023 7,584 10,060

2023
f'000		 2022
F'000
At 1 April 2022 13,770 12,601
Interest on income assets 370 263
Re-measurement
gains on assets		 (181) 1,101
Employer contributions 35 35
Participant
contributions		 21 22
Net benefits paid 173 252
At 31 March 2023 13,842 13,770

sset ca p:
2023
f'000
At 1 April 2022 757
Capped in year 5 551
At 31 March 2023 6,258

Main assumption s:
2023 2022
5/5 '/5
Discount rate 4.7 2.7
CPI inflation 2.7 3.0
Pension increases 2.7 3.0
Pension accounts revaluation rate 2.7 3.0
Salary increases 3.95 4.25
Post-retirement mortality:
Current pensioners aged 65 —male 21.6 21.8
Current pensioners aged 65 —female 24.6 24.6
Future pensioner
Future pensioner		 current age
current age		 45 - male
45 - female		 22.9
25.7		 22.5
25.7

harity and group
Balance Balance
at 1 April Gains at 31
2022 and March
Income Expenditure Transfers losses 2023
6'000 8'000 6'000 8'000 8'000 6'000
Durham
Council		 3 3
Wakefield
MDC		 21 21
Sheffield Futures 12 12
Reds in the Community 1 1
Entain 48 48
Conexus
Health		 113 113
Engage Meir 1 1
Scottish Government 774 774
Corra Foundation 26 26
DWP Kickstart 2 12 12 2
Sustrans 24 119 119 24
East Ayrshire
DC		 5 39 39 5
Fife Council 5 4 4 5
Clacks Council 2 2
Police Scotland 3 3
Fala Foods 1 1
Other 20 3 1 22
Welsh Assembly 450 450
Invoiced services 16 16
Tesco Foundation 1 1
FAWales Trust 3 3
Macmillan 13 13
Skewen Flood Donations 7 7
WCVA Together Fund 6 8
Cefn Golau
Ddiving		 Change 76 76
Welsh Government (Capital) 153 153
DHLUC 124 124
RCT Council 4
Pen Bryn Wind Farm 1
Pen y Cymoedd 33 33
Regener8 14 14
CHARITYTOTAL 56 2,085 1,773 368
Subsidiary
Companies
GROUP TOTAL 56 2 085 1 773 368

nalysis of movement
in restri		 cted funds —p rior year
Balance Balance
at1 Gains at 31
April snd March
2021 Income Expenditure Transfers losses 2022
6'000 6'000 6'000 6'000 6'000 6'000
Believe Housing 1 1
Wsksfield
MDC		 47 47
Sheffield Futures 72 72
ESC Lottery 10 10
Yorkshire Sport 10 10
Five Towns PCH 115 115
Scottish Government 755 755
Corrs Foundation 25 25
Sustrans 17 131 124 24
East Ayrshire
DC		 5 30 30
Fife Council 5 3 3
Clscks Council 7 7
Zone Initiative 5 5
Fala Foods 1 1
Other 4 (8) 20
Welsh Assembly 450 450
Invoiced services 11 11
Tesco Foundation 1 1
FA Wales Trust 6 6
Transport
for Wslesn		 1 1
Skewen Flood Donations 16 16
WCVA Together Fund 19 19
Cefn Golau Driving Change 68 68
Merthyr
Tydfil CBC RDP		 40 40
THI Heritage
Lottery		 34 34
Grsntscape 2 2
DWP Kickstsrt 209 209
Coronavirus
Job Retention
CHARITYTOTAL 37 2,085 2,054 56
Subsidiary
Companies
GROUP TOTAL 37 2085 2,054 56

23Analy sis ofnet assets bet ween funds —curr ent year
Group Charity
Unrestricted Unrestricted
Funds Funds
(including Group Group (including Charity Charity
Pension) Restricted Total Pension) Restricted Total
6'000 6'000 6'000 6'000 6'000 6'000
Tangible fixed assets 1,272 310 1,582 551 310 861
Investments 58,460 56,460 15,993 15,993
Cash at bank end in hand 7,691 58 7,749 5,434 58 5,492
Other net current
(liabilities) Iassets (6,517) (6,517) 16,294 16,294
Creditors due after one year (14,100) (14,100)
Provisions (1,535) (1,535)
Total 43271 368 46639 38272 368 38640

Group Charity
Unrestricted Unrestricted
Funds Funds
(including Group Group (including Charity Charity
Pension) Restricted Total Pension) Restricted Total
6'000 6'000 6'000 6'000 6'000 6'000
Tangible fixed assets 5,160 5,160 404 404
Investments 58,805 58,805 16,566 16,566
Cash at bank and in hand 7,373 56 7,429 5,268 56 5,324
Other net current (5,169) (5,169) 16,016 16,016
(liabilities) Iassets
Creditors due aRer one year (15,479) (15,479)
Provisions (2,260) (2,260)
Pension Scheme Asset 2,953 2,953 2,953 2,953
Total 51,383 56 51439 41207 56 41,263

Period ended 31 March 2022 Period ended 31 March 2022 As Adjustment Adjustment
previously as at 31 As
reported
f'000		 March 2022
6'000		 restated
6'000
Tax charge 1,381 (18) 1,363
Surplus for the year 9,077 18 9,095
hanges to the consolidated balance sheet:
Period ended 31 March 2022 As Adjustment Adjustment
previously As at 31 as at 31 As
reported
f'000		 March 2021
6'000		 March 2022
f'000		 restated
6'000
Creditors due within one year
Corporation tax 462 (444) (18)
Deferred tax 2,260 (2,260)
Provisions 2,260 2,260
Deferred tax
Capital and reserves 50,977 18 51,439