##
##
|Trustees||M Biackbum|M Biackbum||||
|---|---|---|---|---|---|---|
|||JG Fraser|||||
|||KAGrllflths|||||
|||BA Hughes|||||
|||0 LIJones|||||
|||SRJones|||||
|||CA Kirkwood|||||
|||N Lane|||(Appointed|16November|
||||||2022)||
|||J Niorgan|||||
|||F0P Morgan-I-Iamlllon|||(Appointed|13March 2023)|
|||M E Roberts|||||
|Secretary||AGreenough|||||
|Charity numbe r||1076680|||||
|Company|number|3516328|||||
|Registered|office|IJnits 1,2,|48 5 Holyhead|Enterprise|Centre||
|||Kingsland|Road||||
|||Ho iyhead|||||
|||Anglesey|||||
|||LL65 2HY|||||
|Auditor||Crastmere|Limited||||
|||Unit F1,Intec|||||
|||Ffordd y Pare|||||
|||Pare
Man el|||||
|||Bangor|||||
|||Gwynedd|||||
|||United Kingdom|||||
|||Li 5T4FG|||||
|Accountant||Azets|||||
|||Brynford
House|||||
|||21 Brynford|Street||||
|||Holywell|||||
|||Fllntshlre|||||
|||United Igngdom|||||
|||CHS 7RO|||||
##
##
|||Page|
|---|---|---|
|Trustees'
reporl||1-4|
|Statement
ofTrustees'|responsfblfifies||
|independent
audfior's|report|ft - 8|
|Sfaternent offinsnciel|activities||
|Balance sheet||10-11|
|Statement ofcash flows||12|
|Notes to the finenciel statements||13-27|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unresbicted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funrfe|funds||
||||2023|2D23|2023|2022|2022|2022|
|||Notes|6|8|8|8|6|8|
|Iftggtfttb(fgffb|||||||||
|Donatlans
and|||||||||
|legacies||3|17,735||17,736|12,315||12,315|
|Charitable
activities||4|1,277,066||1,277,066|1,283,125||1,283,125|
|Other tmding|||||||||
|activities||5|53,121||53,121|1;570||1,570|
|Investme nta||6|1,444||1,444|58|||
|Total income|||1,349,368||1,349,366|1,297,068||1,297,06li|
|~Ed II|||||||||
|Charitable
actvttlss||7|1,301,690||1,30'},690|1,139,422||1,'i39,422|
|Aduariel|||||||||
|gama/(lasses}|in||||||||
|respect ofpension||12|1,000||1,000|||53,DDD|
|schemes|||||||||
|Net incoming|resources||||||||
|before transfers|||46,676||48,676|210,646||210,646|
|Gross transfers|||||||||
|between
funds|||18,444|(18,444)||18,444|('l8,444)||
|Net Incamef(expenditure)|||||||||
|for the yeari|||||||||
|Net movement|ln funds||67,120|(18,444)|48.676|229.090|(18,444)|210,846|
|Fund balances|at 1April||||||||
|2022|||932,434|296,215|1,228,649|703,344|314,659|1,018,0D3|
|Fund balances|at 31||||||||
|March 2D23|||999,554|277,771|'},277,325|932,434|296,215|1,228,649|
##
##
##
|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||lfotes|8||E||
|Fixed assets||||||||
|Tangible assets|||14||554,371||577,426|
|Current assets||||||||
|Debtors||||100,118||102,782||
|Cash at bank and In||hand||806,323||792,775||
|||||906,44'I||895,557||
|Creditors:|amounts|falling due wlthln||||||
|one year|||17|(86,487)||(99,832)||
|Net current|assets||||819,954||795,725|
|Totat assets less current IlsbIBttes|||||1,374,325||1,373,151|
|Creditors:|amounts|faglng due after||||||
|more then|one year||18||||(46,502)|
|Provlstons|for liabilities||19||(97,000)||(98,000)|
|Net assets|||||1,277,325||1,228,849|
|Income funds||||||||
|Restricted|funds||21||277,771||296315|
|flan(0919IU916(a||||||||
|Designated|funds||22|237,979||233,423||
|General unrestricted||funds||761,575||899,011||
||||||||932,434|
||||||1,277,325||1,228,649|
##
##
##
##
##
##
|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|8||||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||25||60,190||101,205|
|Investing|acUvlges|||||||
|Purchase|oftangible
fixed assets|||||(36,128)||
|Proceeds|from disposal of|inveelmenis||1,000||53,000||
|Investment|Income received|||1,444||56||
|Net cash generated
from investing||||||||
|activities|||||2,444||16,930|
|Financing|activities|||||||
|Repayment|ofbank fonna|||(49,086)||(7,468)||
|Net cash used In flnandng||activities|||(49,086)||(7,468)|
|Nst increase in cash and cash equivalents|||||13,548||110,667|
|Cash and|cash eqmvaienis|at beginmng|ofyear||792,775||682,108|
|Cash and|cash equivalents|at end of|year||806,323||792,775|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023|2022|
|||||||8|8|
||Donations|and||gifts||17,735|12,315|
|4|Charitable|activities||||||
|||||||2023|2022|
|||||||8|8|
||Grants end|Rents||||1,277,068|1,283,125|
||Grants received|||amounted|to 8962,663|||
||Rents received|||amaunted|to 831'4,403|||
|5|Other trading||activities|||||
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||8|8|
|Olfice charges|end contrihutions|40,887|1,570|
|Management|Income|12,234||
|Olher trading|acfivfiies|53,121|1,570|
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||f||
|8snk|Interest|received|1,444|58|
##
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||8|8|
|Staff costs||||882,993|827,858|
|Depreciation
and impairment||||23,055|19,112|
|Rent rates end Insurance||||129,744|125,892|
|Heat and Light||||26,917|25,171|
|Adverlising
and recruifment||||2.718|2,949|
|Suppart,
travel 8 subsistence||||13,319|16,352|
|Training
costs
Other chadtable
expenditure||||9,639
207232|8,687
.120,227|
|||||1,295,617|1,146448|
|Share af governance|costs (see note 8)|||6,073|(8,828)|
|||||1,301,690|1,139,422|
|Support costs||||||
|||Support|Governance||2022|
|||costs|costs|||
|||8||||
|Audit fees|||3,120|3,120|3,120|
|Legal and professianel|||2.142|2,142||
|Central Overheads|Charge||||(9,948)|
|AGhl Coals|||811|811||
||||6,073|6,073|(6,828)|
|Anelysed
between||||||
|Charitable
activiTies|||6,073|6,073|(6,826)|
##
##
##
##
##
|The average
|manthly|number
ofemployees
during
the year w|ss:||
|---|---|---|---|---|
||||2023|2022|
||||Number|Number|
|Llys y Gwynt duster|||13|12|
|Coedlye Cluster|||12|12|
|Homeless
Prevention||end Oay Centre|8|8|
|Other Projects|||4|3|
|Adnilntetrattve|Support||3|3|
|Total|||40|38|
|Employment|casts||2D23||
||||8||
|Wages and salaries|||882,093|827,858|
##
##
##
##
##
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Pension scheme
~ Defined Benefit|||||||||||||||||(Continued|
|co ct I
n
f
nln
end C|||I||Ba ncaa ofthe Defined||||||Benefit Obli|||tlons||||
||||||||||||||||Period ended|||
||||||||||||||||31|March 2023||
|||||||||||||||||8000's||
|Defined benefit obligation at start|||of|period|||||||||||||785|
|Current service cost||||||||||||||||||
|Expenses||||||||||||||||||
|Interest expense|||||||||||||||||22|
|Member ccntrlbutlons||||||||||||||||||
|Actuarial losses (gains)|due|to scheme|||experience||||||||||||(18)|
|Actuarial losses (gains)|due|to changes|||In demographic|||assumptions||||||||||
|Actuarial losses (gains)|due|to changes|||in financial||assumptions||||||||||(233)|
|Benefits paid and expenses|||||||||||||||||(2'I)|
|Defined benefit obllgaUon
at end|||ofperiod||||||||||||||547|
||||In||Balances of the Fair Value|||||||of|Plan Assai|||||
||||||||||||||||Period ended|||
||||||||||||||||31|March 2023||
|||||||||||||||||f000's||
|Fair value of plan assots
Interest income|at|start of p||erlod|||||||||||||597
20|
|Experfence
on plan assets (excluding||||amounts||induded||in|interest||||||||(275)|
|income) —
gain (toss)||||||||||||||||||
|Employer contributions|||||||||||||||||20|
|Member contributions||||||||||||||||||
|Benefits paid and expenses|||||||||||||||||(21)|
|Fair value of plan assets|at|end ofperiod|||||||||||||||450|
|The actual return
on the|plan assets|||including||any|changes|||in share|||ofassets)||over the period||ended|
|31 March 2023 vtas (fi265.000)||||||||||||||||||
|R||nlsed
In||Stat|||||||e||o e SOCI|||||
||||||||||||||Pered|from 31 March 2022||||
||||||||||||||to|31 March 2023||||
|||||||||||||||||fi000's||
|Current service cost||||||||||||||||||
|Expenses|||||||||||||||||3|
|Net Interest expense|||||||||||||||||2|
|Defined benefit ixmts recognised|||In Statement|||ofComprehernslvs||||||Income (SoCI)|||||5|
|D
n
B
t
Reco||nls||||||||||||||||
|||||||||||||||Period ended||||
||||||||||||||||31|March 2023||
|||||||||||||||||(fOOPs)||
|Experience on plan assets (excluding||||amounts||Included||in|net||||||||(276)|
|interest cost)—
gaIn(loss)||||||||||||||||||
|Experience gains and losses arising||||on|the plan liabfiilies—||||||||||||18|
|geln(loss)||||||||||||||||||
|Eifects ofchanges
in the|demographic||||assumptions||underlying|||||||||||
|the present value of1he|defined benefit||||obligation - gatn fioss)|||||||||||||
|Effects ofchanges
In the|financial||assumptions|||underlying|||the|||||||||
|present value ofthe dslined||benefit obligation||||—gain(loss)||||||||||||
|Total actuarial gains end|losses (before||||restriction due to|||some|||||||||(23)|
|ofthe surplus
not being recognisabls)||||—
gsingoss')||||||||||||||
|Total amountmcognhed|In Other||Recognised|||Gains/(Losses)|||||||||||(23)|
##
##
##
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Pension schem|e|~ Defined Benefit|||||||(Continued)|
|Kyy~sum
tlons||||||||||
|||||31 March|2023|||31 March 2022||
|Discount Rate||||%per annum||4.86
%||per annum|2.79|
|inRsbon (RPI)
Infisgon (CPI)
Salary Growth||||||3,19
277
3.77|||3,54
3.17
4.17|
|Aldwance for commutatdn|||of pension for|cash|75%ofmax||||75%of max|
|et refirement|||||agowanae||||allowance|
|The mortality
assumptians|||adopted et 31|March 2023 imply the|faldwing||life expectancies:|||
||||||Life|expectancy||atsge 65||
||||||||(Years)|||
|Mfale retiring
iln|2023|||||||21.0||
|Female retiring|fn|2023|||||||23.4|
|Male retiring
In|2043|||||||22.2||
|Female rstuing|in|2043||||||24.9||
|A~s||||||||||
|||||31 Mlarch|2023||||31 March 2022|
|||||(5000's)|||||(8000's)|
|Global Equity|||||8||||134|
|Absolute
Return|||||5||||28|
|Distressed
Opportunities|||||14||||25|
|Credit Relative Value|||||17||||23|
|Altemabve
Risk|Prernia||||1||||23|
|Emerging
Market||Debt|||2||||20|
|Risk Sharing|||||33||||23|
|Insurance-Linked||Securities|||11||||16|
|Properly
Irrire slructura|||||19
51||||19
50|
|Private Debt|||||20||||18|
|Opportunistic
Rliquid Credit|||||19||||23|
|High Yfeld|||||2||||6|
|Opportunistd
Credit|||||||||2|
|Cash|||||||||2|
|Corporate
Bond|Fund|||||||||
|47||||||||||
|L&quid Dred&t||||||||||
|Lang Lease Property|||||14||||18|
|Secured In ocme|||||21||||26|
|Llsbllih
Driven Investment|||||||208|||
|195||||||||||
|Currency
Hedging|||||||||(3)|
|Net Current Assets|||||||||2|
|Total Assets||||||||||
|||||450|||||692|
##
##
##
##
||||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2623|2022|
||||||||6||
|Actuarial|gain/(loss)|ln|respect|of|pension|schemes|1,000|53,000|
##
##
||||Frsahuld
land|aqulpmaut,|rahu|
|---|---|---|---|---|---|
||||sud huudlnea|fixtures snd||
|||||fitunas||
|||||6||
|Cost||||||
|At 1 April 2022|||897,949|177,781|875,730|
|At 31 March|2023||697,949|177,781|875,730|
|Depreciation|snd Impairment|||||
|At 1 April 2022|||157,488|140,836|298,304|
|Depreciation|charged|in the year|11,972|11,083|23,055|
|At 31 March|2023||169,440|151,919|321,359|
|Carrying
amount||||||
|At 31 March|2023||528,509|25,882|554,371|
|At 31 March|2022||540,481|36,945|577,428|
##
|Debtors||||
|---|---|---|---|
|||2023|2022|
|Amounts
hdling due within one year:||6|6|
|Trade debtors||63,151|20,221|
|Other debtors||18,674|74,733|
|Prepsyments|and accrued income|'I8,293|7,828|
|||'l00,118|102,782|
##
##
||||2023|2022|
|---|---|---|---|---|
||||6|K|
|Bank loans|||8,317|55,403|
|Payable|within|one year|6,317|8,901|
|Payable|after|one year||46,502|
|17|Creditors:|amounts|falling due within one year||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Notes|6||
||Bank loans|||16|6,317|8,901|
||Other taxetlon end||social security||12,612|13,057|
||Deferred grants|||20|36,811|18,811|
||Trade creditors||||4,781|29,769|
||Other creditors||||2,582|2,572|
||Accru ala||||23,384|26,722|
||||||86,487|99,832|
|18|Credltonu|amounts|falling due after more then one year||||
||||||2023|2022|
|||||Notes|6||
||Benkloans|||||46,502|
|19|Provisions|for llsblgtles|||2023|2022|
||||||6|2|
||||||97,000|98,000|
||Movements|on provisions:|||||
||At 1 April 2022|||||98,000|
||Actuedal
(gain)doss|||||(1,000)|
||At 31 March|2023||||97,000|
##
##
|20|Government
grants|||(Continued)|
|---|---|---|---|---|
||Deferred
Income Is Included|In the financial statements as follows:|||
||||2023f|2022
8|
||Deferred income ls Included|within:|||
||Current
liabilities||36,811|18,811|
||Movements
ln the yean
De~d income at 1 April 2022||'(8,811|20.449|
||Released from previous periods|||(1,638j|
||Resowces deferred
In the year||18,000||
||Deferred Income at 31 March|2023|36,811|18,811|
##
##
##
||||||Balance|at|at|Transfers|Transfers|Transfers|Balance|at|Transfers|Balanca at|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||1Apra 2C21
f|||||f|1Apra 2C22
f||f|21 March 2S22
f|
||Designated
major repair fund||||29,000||||4423||33423||4i558|37i979|
||Designated
HEC redevelopment|||fund|100,000|||100,000|||200,000|||200,000|
||||||129,000|||104,423|||233,423||4,556|23T,9T9|
|23|Analysis ofnetassets
between|||funds|||||||||||
||Unrestricted||||Restricted|||Total||I/nrsstrlcted|||Restricted|Total|
|||||funds|funds||||||funds||funds||
|||||2023|2023||||2023||2022||2022|2022|
|||||f|f||||f|||||f|
||Fund balances at 31||||||||||||||
||March 2023 ere||||||||||||||
||represented
by:||||||||||||||
||Tangible assets||554,371|||||554,371|||577,426|||577,426|
||Current assets/(Iiebfiies)||542,183||277,771|||819,954|||499,610||295215|795,726|
||Long term lisbl8tles||||||||||(46,502)|||(46,502)|
||Provisions||(97,000)|||||(97,000)|||(98,000)|||(98,000)|
||||999,554||27T,771||1,277,325||||932,434||296,215|1,228,649|
|24|Related parly transactions||||||||||||||
||There were na disclosable
related|||party transactions||during||the|year|(2022 - none).|||||
|25|Cash generated
from operations||||||||||||2023f|2022f|
||Surplus far the year||||||||||||48,676|210,846|
||Adjustments
for.||||||||||||||
||Investment
Income recognised||In|statement|offinancial||actlvldes||||||(1.444)|(58)|
||Gain on disposal ofInvestments||||||||||||(1,000)|(63,000)|
||Depreciation
and impairment|oftangible fixed assets|||||||||||23,055|t9,112|
||Movements
in working capital:||||||||||||||
||Decrease/(irlcrease)
in debtors||||||||||||2,664|(27,601)|
||(Decrease)/increase
in creditors||||||||||||(28,761)|25,644|
||Increase
In provisions||||||||||||(1,000)|(72,000)|
||Increase/(decrease)
In deferred||Income||||||||||18,000|(1,638)|
||Cash generated
from operatIons||||||||||||60,190|101,205|
##
##
##
|26|Analysis
ofchanges
In net funds|||||
|---|---|---|---|---|---|
|||At|1Apru 2022|Oaah eowaAt 31 March 2023||
|||||6|5|
||Cash elbenk and ln hand||792,775|13,548|806,323|
||L'oans felling due wl(hln one year||(8,901)|2,584|(6,317)|
||Loans falling due eRer mare than one year||(46,502)|46,502||
||||737,372||800,006|