# ## |||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| |||||0
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tL|| ## ## ## |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|