|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|