2022-03-31-accounts - The Friendly Trust

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		Page
Report ofthe Trustees	1	Io	8
Report ofthe Independent Auditors	9	Io	11
Statement ofFinancial Activities		12
Statement ofFinancial Position		13
Statement ofCash Flows		14
Notes to the Statement ofCash Flows		15
Notes to the Financial Statements	16	to	22

					Statement of Financial Position	Statement of Financial Position
					31stMarch 2022
									2022	2021
						Unrestricted	Restricted		Total	Total
						funds		funds	funds	funds
					Notes	6		6	6	6
Current assets
Debtors					11	68,716			68,716	59,565
Investments					12	388,863			388,863	211,581
Cash at bank and			in hand			206,414			206,414	149,367
						663,993			663,993	420,513
Creditors
Amounts falling due within one year					13	(164,225)			(164,225)	(178,506)
Net current	assets					499,768			499,768	242,007
Total assets less			current liabilities			499,768			499,768	242,007
Provisions	for liabilities				15	(35,000)			(35,000)	(35,000)
NET ASSETS						464,768			464,768	207,007
Funds
Unrestricted	funds				16				464,768	207,007
Totalfunds									464,768	207,007
The financial	statements			were approved	by the Board ofTrustees and authorised			for issue on .....L v..~...L....... ................. O
and were signed		on its behalf by:

		for the Year Ended	31stMarch 2022
			2022	2021
		Notes	6
Cash flows from operating	activities
Cash generated from operations		1	233,531	(104,269)
Net cash provided by/(used	in) operating	activities	233,531	(104,269)
Cash flows from investing	activities
Investments			(177,282)	34,468
Interest received			798	582
Net cash (used in)/provided	by investing	activities	(176,484)	35,050
Change in cash and cash	equivalents	in
the reporting period			57,047	(69,219)
Cash and cash equivalents	at the
beginning ofthe reporting	period		149,367	218586
Cash and cash equivalents	at the end	of
the reporting period			206,414	149,367

for the Yea	for the Yea	for the Yea	for the Yea	r Ended 31st March 2022
Reconciliation of net income/(expenditure)				to net cash flow from operating	activities
					2022	2021
					6	6
Net income/(expenditure)		forthe reporting		period (as per the
Statement of Financial		Activities)			257,761	(17,862)
Adjustments for:
Interest received					(798)	(582)
(Increase)/decrease	in debtors				(9,151)	8,630
Decrease in creditors					~14,281	~94,455
Net cash provided	by/(used		in) operations		233,531	~104269)

	Creditors
	Creditors are recorded at	the value ofthe identified liability.
2.	Donations and legacies
				2022	2021
				6	5
	Legacies, bequests and donations			219,331	1,028
3.	Investment income
				2022	2021
				6	6
	Deposit account interest			798	582
4.	Income from charitable	activities
				2022 Activity	2021f
				6
	Cardiff County Council		Core services	290,000	250,774
	Torfaen County Borough	Counml	Core services	63,732	63,732
	Vale ofGlamorgan Council		Core sennces	62,563	46,751
	Monmouthshire County Council		Core services	1,522	1,352
	Fees re service users		Core services	118,943	93,634
	Newport Borough Council		Core services	1,188	1,152
	Rhondda Cynon Taf Council		Core services	74,952	52,128
	GVS		Core services		5,713
	C3SC		Core services	2,400
				615,300	515,236

							Support
						Direct	costs (see
						Costs f	note 6) 6	Totals 6
	Core services					442,652	135,016	577,668
6.	Support	costs
							Governance
						Finance	costs	Totals
							6	6
	Core services					130,666	4,350	135,016
	Support	costs, included	in	the	above, are as follows:
							2022	2021
							Core	Core
							services	services
								6
	Exceptional items							10,000
	Wages						120,567	89,159
	Social security						10,099	6,831
	Auditors'	remuneration					1,700	1,555
	Auditors'	remuneration	for	non	audit work		2,650	2,400
							135,016	109,945
7.	Net income/(expenditure)
	Net income/(expenditure)			is stated aRer charging/(crediting);
							2022	2021
	Auditors'	remuneration					1,700	1,555
	Auditors'	remuneration	for	non	audit work		2,650	2,400
	Hire ofother assets - operating				leases			7,000

9.	Staff costs			for	the Y	ear Ended 31st March 2022
								2022	2021
								6	6
	Wages and salaries							417,071	374,541
	Social security costs							36,888	33,131
	Other pension costs							42,983	40,555
								496,942	448,227
	The average monthly	number of		employees		during the year was as follows:
								2022	2021
	Charitable activities							14	15
	Support and administration							7	4
								21	19
	No employees received emoluments				in excess of660,000.
10.	Comparatives for the statement			of	financial activities
						Unrestricted		Restricted	Total
						funds 6		funds 6	fundsf
	Income and endowments		from
	Donations and legacies					1,028			1,028
	Chaditable activities
	Core services					515,236			515,236
	Investment income						582		582
	Total					516,846			516,846
	Expenditure on
	Charitable activities
	Core services					534,708			534,708
	NET INCOME/(EXPENDITURE)					(17,862)			(17,862)
	Reconciliation offunds
	Total funds brought	forward				224,869			224,869
	Total funds carried	forward				207,007			207,007

	for the Year E	for the Year E	for the Year E	for the Year E	for the Year E	for the Year E	for the Year E	nded 31s	t March 2022
11.	Debtors: amounts falling due within one year
										2022	2021
										E	E
	Grant debtors									51,164	52,013
	Other debtors									11,122	1,122
	Prepayments	and accrued				income				6,430	6,430
										68,716	59,565
12.	Current asset		investments
										2022	2021
										E	E
	Cash held on	deposit								388,863	211,581
13.	Creditors: amounts			falling due within			one year
										2022	2021
										E	E
	Social secunty		and other			taxes				9,814	349
	Amounts owed		to service			users				148,561	172,585
	Accruals and	deferred			income					5,850	5,572
										164,225	178,506
14.	Leasing agreements
	Minimum lease		payments			under non-cancellable		operating	leases fall due as follows:
										2022	2021
										E	E
	Within one year										1,615
15.	Provisions for		liabilities
										2022	2021
										E	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		forward							35,000	35,000
	This covers the		Trust's		legal commitment		should	they decide to leave their current premises
16.	Movement in	funds
										Net
										movement	At
									At 1.4.21	In funds	31.3.22
									E	E	E
	Unrestricted	funds
	General fund								207,007	257,761	464,768
	TOTAL FUNDS								207,007	257,761	464,768