2021-03-31-accounts

Contents ofthe Financial Statements
forthe Year Ended 31stNlarch 2021
		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	12
Statement ofFinancial Activities		13
Statement ofFinancial Position		14
Statement ofCash Flows		15
Notes tothe Statement ofCash Flows		16
Notes tothe Financial Statements	17	to	23
Oetailed Statement ofFinancial Activities	24	to	25

		forthe Year E	nded 31stMarch	2021
					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes			6	R
Income and endowments	from
Donations and legacies			1,028		1,028	2,201
Charitable activities
Core services		4	515,236		515,236	519812
Investment income			582		582	1 432
Total			516,846		516,846	523,445
Expenditure on
Charitable activities
Core services		5	534,708		534,708	477,184
NET INCOMEI(EXPENDITURE)			(17,862)		(17,862)	46,261
Reconciliation offunds
Total funds brought forward			224,869		224,869	178,608
Total funds carried forward			207,007		207,007	224 869

		The Friendly Trust
		Statement ofCash Flows
		for the Year Ended 31stMarch	2021
		Notes	2021f	2020f
Cash flows from operating	activities
Cash generated from operations		1	)104,269)	93836
Net cash (used in)/provided	by operating	activities	)104,269)	93,836
Cash flows from investing	activities
Investments			34,468	(1,311)
Interest received			582	1,432
Net cash provided by Investing activities			35 DSD	121
Change in cash and cash	equivalents	in
the reporting period			(69,219)	93,957
Cash and cash equivalents	at the
beginning ofthe reporting	period		218586	124629
Cash and cash equivalents	at the end	of
the reporting period			149,367	218586

		for the Yea	for the Yea	for the Yea	r Ended 31stMarch 2021
	Reconciliation of	net (expenditure)/income			to net cash flow from operating	activities
						2021 E	2020f
	Net (expenditure)/income			forthe reporting	period (as per the
	Statement ofFinancial Activities)					(17,862)	46,261
	Adjustments for:
	Interest received					(582)	(1,432)
	Decrease/(increase)		in debtors			8,630	(15,138)
	(Decrease)fincrease		in creditors			~94 455	64 145
	Net cash (used in)/provided			by operations		)104269)	93836
2.	Analysis ofchanges		in net funds
					At1.4.20	Cash flow	At31.3.21
					6	6	E
	Net cash
	Cash at bank and	in	hand		218586	69219	149367
					218,586	~69,219)	149,367
	Liquid resources
	Deposits included	in	cash
	Current asset investments				246 049	~34 468)	211581
					246,049	f34 468)	211581
	Total				464635	~1D3687)	360948

	Debtors	Debtors	Debtors	Debtors	Debtors
	Debtors are recorded at the value oftheir recoverable					amount.
	investments
	Investment balances reflect amounts held			on deposit to achieve			an improved	rate of return	in line with the
	Charities treasury management		policy.
	Creditors
	Creditors are recorded at	the value ofthe Identified			liability.
	Donations and legacies
								2021	2020
								E	E
	Legacies, bequests and donations							~1028	~2201
3.	Investment income
								2021	2020
								E	E
	Deposit account interest							582	1,432
4.	Income from charitable	activities
								2021	2020
			Activity					E	E
	Cardtlf County Council		Core services					250,774	235,268
	Torfaen County Borough Council		Core services					63,732	61,194
	Vale ofGlamorgan Council		Core services					46,751	52,183
	Monmouthshire County
	Council		Core services					1,352	1,258
	Fees re service users		Core services					93,634	123,501
	Newport Borough Council		Core services					1,152	1,208
	Rhondda Cynon Taf Council		Core services					52,128	40,200
	GVS		Core services					5,713	5,000
								515236	519812

31st March Staffcosts	20	20,
									2021		2020
									E		K
Wages and	salaries								374,541		329,010
Social security		costs							33,131		28,522
Other pension		costs							40,555		31,951
									448 227		388483
The average	monthly		number of		employees		during	the year was as follows:
									2021		2020
Charitable activities									15		12
Support and	administration									4	3
									19		15
No employees		received emoluments				in excess of		860,000.
Comparatives		for the statement			of	financial activities
								Unrestricted	Restricted		Total
								funds	funds		funds
								E		E	E
Income and endowments				from
Donations and		legacies						2,201			2,201
Charitable	activities
Core services
								519,812			519,812
Investment	income							1 432			1,432
Total								523,445			523,445
Expenditure	on
Charitable	activities
Core services
								477,184			477,184
NET INCOME								46,261			46,261
Reconciliation		offunds
Total funds	brought		forward					178,608			178,608
Total funds	carried		forward					224,869			224869
							Pa	e20			continued. ..

	for the Year E	for the Year E	nded 31stNlarch 2021
11.	Debtors: amounts falling due within one year
				2021	2020
	Grant debtors			52,013	60,643
	Other debtors			1,122	1,122
	Prepayments and accrued income			6430	6430
				59,565	~68195
12.	Current asset investments
				2021	2020
	Cash held on deposit			211581	246 D49
13.	Creditors: amounts	falling due within one year
				2021	2020
	Social security and other taxes			349	7,019
	Amounts owed to service users			172,585	260,487
	Accruals and deferred	income		5572	5455
				~178 506	272961
14.	Leasing agreements
	Minimum lease payments under non-cancellable		operating leases fail due as follows:
				2021	2020
				R
	Within one year			1,615	7,000
	Between one and five	years			~1592
				~1615	8,592
15.	Provisions for liabilities
				2021	2020
					E
	Provisions			~35 000	~35 000
	Balance brought forward			35,000	25,000
	Amounts provided in	the year			10,000
	Amounts released in	the year
	Balance carried foiward			35 DDD	35000

								Net
								movement	At
							At1.4.20 f	in funds f	31.3.21 f
Unrestricted	funds
General fund							224,869	(17,862)	207,007
TOTAL FUNDS							224,869	~17,862)	207,007
Net movement	in funds,	included			in the above		are as follows:
							Incoming	Resources	Movement
							resources f	expended f	in funds f
Unrestricted	funds
General fund							516,846	(534,708)	(17,862)
TOTAL FUNDS							516,846	)534,798)	@17,862)
Comparatives	for movement			in	funds
								Net
								movement	At
							At 1.4.19 f	in funds f	31.3.20 f
Unrestricted	funds
General fund							178,608	46,261	224,869
TOTAL FUNDS							178,608	46,261	224,869
Comparative	net movement		in	funds,		included	in the above are as follows:
							Incoming	Resources	Movement
							resources f	expended	in funds f
Unrestricted	funds
General fund							523,445	(477,184)	46,261
TOTAL FUNDS							523445	~477164)	46261

forthe Year Ended 31	stMarch 2021
	2021	2020
		R
Income and endowments
Donations and legacies
Legacies, bequests and donalions	1,028	2,201
Investment income
Deposit account interest	582	1,432
Charitable activities
Cardiff County Council	250,774	235,268
Torfaen County Borough Council	63,732	61,194
Vale ofGlamorgan Council	46,751	52,183
Monrnouthshire County Council	1,352	1,258
Fees re service users	93,634	123,501
Newport Borough Council	1,152	1,208
Rhondda Cynon Taf Council	52,128	40,200
GVS	5313	5,000
	515,236	519,812
Total incoming resources	516,846	523,445
Expenditure
Charitable activities
Wages	319,332	288,729
Social security	29,543	26,413
Pensions	40,555	31,951
Rent, rates and service charges Insurance	30,428 12,260	29,690 8,'968
Equipment costs not capitalised	4,367	5,023
Office costs	3,133	1,400
Travel and subsistence	2,029	10,562
UtiTities	3,295	3,241
Telephone	7,221	7,251
Recruitment &vetting costs	328	1,162
Books 8 meinberships	97	571
Postage	1,583	1,959
ITservices 8 soRware	5,861	617
Bank charges	125	(58)
Companies house &data protect ion	13	13
Legal fees		1,256
Printing 8 Stationary	1,786	2,206
	461,956	420,954
Support costs
Management
Exceptional items	10,000
Finance
Wages	55,209	40,281
Social security	3,588	2,109
	58,797	42,390
information technology
Repairs and renewals		10,000

		2021	2020
			8
information technology
Governance costs
Auditors' remuneration		1,555	1,440
Auditors' remuneration	for non audit work	2,400	2 466
		3,955	3,840
Total resources expended		534,708	477,184
Net texpendlture)/tncome		~12862),	46261