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2023-03-31-accounts

Page
Trustees'
report		 1-4
Statement oftrustees' responsibilities
Independent
examiner's
report
Statement offinancial activities
Balance sheet
Notes to the financial statements 9-23

Reference and administrative and administrative and administrative details
Charity name Touch Trust Limited
Charity number 1078995
Company number 3681562
Registered office Wales Millenium Centre
Bute Place
Cardiff Bay
Cardiff
CF105AL
Trustees A Burmeister - appointed 26/6/23
Mr N Hollett
Mr J Michaelis
Mr A Milburn - Apponted 08/11/22
Ms R Whittington
Ms EWillis
Ms AWoodward
Ms J Mcallister - Appointed 08/11/22, resigned 12/6/23
Ms KWilliams - resigned 01/11/22
Key management personnel Gray Hill - CEO
Sian Jordan
Hiroko Uenishi
Liberty-May Ress-Jones
Independent examiners Azets Audit Services
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes 6 6 6 f
f
Donations
and
legacies 4,816 4,816 2,503 2,503
Charitable
activities		 136,847 36,662 173,509 105,055 84,396 189,451
Investments 26 26 21 21
Total income 141,689 36,662 178,351 107,579 84,396 191,975
E5ttgntI)I)ilium
Charitable
activities		 6 115,437 73,538 188,975 99,328 109,127 208,455
Net incoming/(outgoing)
resources before
transfers 26,252 (36,876) (10,624) 8,251 (24,731) (16,480)
Gross transfers
between funds 3,692 (3,692) (2,113) 2,113
Net income/(expenditure)
for the year/
Net movement In funds 29,944 (40,568) (10,624) 6,138 (22,618) (16,480)
Fund balances at 1 April
2022 20,327 66,347 86,674 14,189 88,965 103,154
Fund balances at 31
March 2023 50,271 25,779 76,050 20,327 66,347 86,674

2023 2022
Notes F. f
Fixed assets
Tangible assets 10 140
Current assets
Debtors 4,588 40,235
Cash at bank and in hand 85,668 90,526
90,256 130,761
Creditors: amounts falling due within
one year 12 (14,206) (44,227)
Net current assets 76,050 86,534
Total assets less current liabilities 76,050 86,674
Income funds
Restricted funds 14 25,779 66,347
Unrestricted
funds		 50,271 20,327
76,050 ee,e74

2023 2022
6 6
Education and therapy 125,634 95,413
Memberships and other income 10,925 9,642
Grants 36,950 84,396
173,509 189,451
Analysis
by		 fund
Unrestricted funds 138,847 105,055
Restricted funds 36,662 84,396
173,509 189,451
Grants
WCVA 9,898 29,689
Arts Council ofWales 2,859 25,728
GVS 800
Community Fund Awards for All 9,990 9,088
Ty Cerdd 1,030 3,091
POBLTrust Funding 990
Monmouthshire Building Society 1,600
C3SC 2,200 4,660
37 - CRF3 3,480
Coronavirus Job Retention Scheme 5,270
Community Foundation Wales 2,000
Wales Millenium Centre 8,686
CAF 289
36,950 84,398
Investments
Unrestricted Unrestricted
funds funds
2023 2022
6 6
Interest receivable 26 21

2023 2022
f
Staffcosts 92,685 84,227
Depreciation and impairment 140 429
Bad debt 5,763 12,287
Other staff costs 1,206
Insurance 3,024 850
Consultancy and professional fees 47,010 40,752
Premises expenses 7,447 22,272
Project costs 6,624 11,413
Repairs and maintenance 620 5,158
Royalties 1,844 1,045
Telephone and IT 5,468 4,780
171,831 183,213
Share ofsupport costs (see note 7) 13,158 21,942
Share ofgovernance costs (see note 7) 3,986 3,300
188,975 208,455
Analysis
by		 fund
Unrestrticted funds 115,437 99,328
Restricted funds 73,538 109,127
188,975 208,455

Support Governance 2023 Support Governance 2022
costs costs costs costs
6 f 6 6 6
Staffcosts 7,515 7,515 6,829 6,829
Bank charges 517 517 314 314
HR, legal and
consultancy fees 4,251 4,251 14,270 14,270
Subscriptions 449 449 79 79
Printing,
post and
stationery 426 426 450 450
Accountancy fees 3,986 3,986 3,300 3,300
13,158 3,986 17,144 21,942 3,300 25,242
Analysed
between
Charitable
activities		 13,158 3,986 17,144 21,942 3,300 25,242

The average
monthly
number ofemployees
duding th		 e year was:
2023 2022
Number Number
Employment
costs		 2023 2022
E 6
Wages and salaries 98,123 85,260
Social security costs 479 4,534
Other pension costs 1,598 1,262
100,200 91,056

10 Tangible fixed assets
Leasehold Plant and Fixtures and Total
land and equipment fittings
buildings
Cost
At 1April 2022 29,375 21,119 40,163 90,657
At 31 March 2023 29,375 21,119 40,163 90,657
Depreciation
and Impairment
At 1April 2022 29,375 20,979 40,163 90,517
Depreciation
charged		 in the year 140 140
At 31 March 2023 29,375 21,119 40,163 90,657
Carrying
amount
At 31 March 2023
At 31 March 2022 140 140
11 Debtors
2023 2022
Amounts
falling due		 within one year: 6
Trade debtors 4,588 35,982
Prepayments
and accrued income		 4,253
4,588 40,235
12 Creditors: amounts falling due within one year
2023 2022
Notes 6 6
Deferred income 13 1,988 1,613
Trade creditors 1,634 33,574
Amounts
owed to subsidiary		 undertakings 4,440 4,440
Accruals 6,144 4,600
14,206 44,227

2023 2022
6 6
1,988 1,613
Deferred income is included in the financial statements as follows:
Movements
in the year:
Balance brought
forward		 1,613
Released from previous
periods		 11,300 11,255
Resources deferred
in the year		 (10,925) (9,642)
Deferred income at 31 March 2023 1,988 1,613
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15 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
2023 2023 2023 2022 2022 2022
6 6 6 6
Fund balances at 31
March 2023 are
represented by:
Tangible assets 140 140
Current assets/(liabilities) 50,271 25,779 76,050 20,187 66,347 86,534
50,271 25,779 76,050 20,327 66,347 86,674

Name of undertaking Registered Nature ofbusiness Class of % Held
office shares held Direct Indirect
Touch Trust Foundation Wales Trading Arm Ordinary 100.00
Limited Shares
Name of undertaking Profit/(Loss) Capital and
Reserves
8
Touch Trust Foundation
Limited 2 5,228