## 

||||Page|
|---|---|---|---|
|Chair's report||||
|Report ofthe|Trustees (incorporating|the Strategic Report)|2-13|
|Independent|auditor's<br>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.

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





## 

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





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||||||||||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<br>and legacies||||22||22|1,546|1,568|1,297|
|Charitable<br>activities|||||||539|539|776|
|Other trading<br>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<br>on:||||||||||
|Charitable<br>activities|||8|2213|64|2,277|1,773|4,050|4,234|
|Trading<br>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)<br>for the year|/|Income||(5,159)|36|(5,123)|312|(4,811)|6,913|
|Transfers<br>between||funds||||||||
|Actuarial (losses) /|gains on|||||||||
|defined<br>benefit pension||||||||||
|schemes<br>(including||||||||||
|restriction<br>on pension asset)|||21||2989|2989||2989|2 182|
|Net movement<br>in|funds|||(5,159)|(2,953)|(8,112)|312|(7,800)|9,095|
|Reconciliation<br>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<br>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<br>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|





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## 

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



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|Freehold<br>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|





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|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<br>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|||





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## 

|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<br>Staff costs||(note 9)|641<br>66|641<br>66||468<br>'l19|1,109<br>185|1,109<br>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:<br>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<br>and District Community|||Workshop|||||||
|Trust||||||||||
|||||||30|(30)|||
|Blyth Resource & Initiative|Centre|||||10|(10)|||
|Broxtowe Women's<br>Project Ltd||||||10|(10)|||
|Sangini||||||10|(10)|||
|Limestone<br>House Ltd||||||10|(10)|||
|Tdinity Mission Castfsford||||||10|(10)|||
|Acumen<br>Community<br>Buildings||Ltd||||10|(10)|||
|True Colours Inclusive CIC||||||10|(10)|||
|Rhubarb<br>Farm CIC||||||10|(10)|||
|Barnsley Young Men's Christian Assoc.||||||10|(10)|||
|Helping Angels Charitable|Assoc.|||||10|(10)|||
|Hordsn<br>Centennial<br>Centre||||||10|(10)|||
|Titans Community<br>Foundation||||||10|(10)|||
|The Social Action Hub||||||10|(10)|||
|Community<br>Furniture<br>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<br>Library||||||40|||40|
|Events Coordinator||||||19|||19|
|Game on Sports Coach<br>Other grants under f10k|||||210|11<br>98|(221)|(15)|11<br>72|
|Wales:||||||||||
|Other grants under 210k|||||53|164|(196)|(15)|6|
|Total|||||276|1,169|1,158|60|227|





## 

## 

|0Analysis ofgover|nance<br>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|||||



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|5Tangible fixed as|sets|sets|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|GROUP|Freehold||Assets|||Fixtures|||||||
||land|&|under||IT|fittings|&|Solar||Biomass|Wind||
||buildings<br>6000||construction<br>E'000|equipment<br>5'000||equipment<br>6000||Panels<br>6000||Boiler<br>6000|Turbine<br>F.'000|Total<br>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<br>properly|||(6,774)|||||||||(6,774)|
|Disposala|||||||||||||
|At 31 March 2023|481||487||157||25|1,087||109|142|2488|
|Depreciation<br>and|||||||||||||
|impairment|||||||||||||
|At 1 April 2022||97|||157||25|417||49|57|802|
|Charge for year||10||||||43||5|8|66|
|Impairment<br>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<br>equipment<br>6'000<br>5'000||||equipment<br>F.'000||construction<br>F'000||Total<br>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<br>income||||1,912||
|Other operating<br>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)<br>/ credit||||725||
|Trading<br>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<br>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<br>f000|2022<br>F'000|2023<br>f'000|2022<br>F'000|
|Bank|loans|||||14100|15,479|||
|oans|repayable,|included||within creditors, are||analysed as|follows:|||
|||||||||2023<br>f'000|2022<br>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<br>forward|2,260|897|||
|(Charge)/credit<br>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<br>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<br>asset||||||6,258|757|
|Asset recognised<br>on||the balance sheet|||||2,953|
|The amounts<br>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<br>recognised<br>in other comprehensive||||income||||
|||||||2023|2022|
|||||||6'000|F'000|
|Asset gains<br>in the year||||||2,693|697|
|Liability (losses)/gains|in the year|||||(181)|1,101|
|Adjustment<br>to reflect restriction|||on pension|asset||(5,501)|384|
|Total amount recognised||||||2989|2,182|
|Changes<br>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<br>by participants||||||21|22|
|Actuarial<br>(gains)<br>/ losses on liabilities||||||(2,693)|(697)|
|Net benefits<br>paid||||||173|252|
|At 31 March 2023||||||7,584|10,060|





## 

## 

||2023<br>f'000|2022<br>F'000|
|---|---|---|
|At 1 April 2022|13,770|12,601|
|Interest on income assets|370|263|
|Re-measurement<br>gains on assets|(181)|1,101|
|Employer contributions|35|35|
|Participant<br>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<br>Future pensioner|current age <br>current age||45 - male<br> 45 - female|22.9<br>25.7|22.5<br>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<br>Council|||3|3||||
|Wakefield<br>MDC|||21|21||||
|Sheffield Futures|||12|12||||
|Reds in the Community|||1|1||||
|Entain|||48|48||||
|Conexus<br>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<br>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<br>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<br>Companies||||||||
|GROUP TOTAL||56|2 085|1 773|||368|





## 

## 

|nalysis of movement<br>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<br>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<br>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<br>for Wslesn||1|1||||
|Skewen Flood Donations||16|16||||
|WCVA Together Fund||19|19||||
|Cefn Golau Driving Change||68|68||||
|Merthyr<br>Tydfil CBC RDP||40|40||||
|THI Heritage<br>Lottery||34|34||||
|Grsntscape||2|2||||
|DWP Kickstsrt||209|209||||
|Coronavirus<br>Job Retention|||||||
|CHARITYTOTAL|37|2,085|2,054|||56|
|Subsidiary<br>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<br>f'000||March 2022<br>6'000||restated<br>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<br>f'000||March 2021<br>6'000||March 2022<br>f'000|restated<br>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|



##