|||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||for the Year E|nded 31stMarch|2022||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| ||||Notes|5||6|5| |Income and endowments||from|||||| |Donations
and legacies||||219,331||219,331|1,028| |Charitable|activities||||||| |Core Services||||615,300||615,300|515,236| |Investment|mcome|||798||798|582| |Total||||835,429||835,429|516,846| |Expenditure|on||||||| |Charitable|activities||||||| |Core services|||5|577,668||577,668|534,708| |NET INCOME/(EXPENDITURE)||||257,761||257,761|(17,862)| |Reconciliation
offunds|||||||| |Total funds|brought forward|||207,007||207,007|224,869| |Total funds|carried forward|||464,768||464,768|207,007| ||||||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)| |2|Analysis ofchanges|Analysis ofchanges|in net funds|||| |---|---|---|---|---|---|---| |||||At 1.4.21|Cash flow|At 31.3.22| |||||||6| ||Net cash|||||| ||Cash at bank and|in hand||149,367|57,047|206,414| |||||149,367|57,047|206,414| ||Liquid resources|||||| ||Deposits included|in|cash|||| ||Current asset investments|||211,581|177,282|388,863| |||||211,581|177,282|388,863| ||Total|||360,948|234,329|595,277| ## ## ## ## ## ## ## ||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| ## ## ## |Net movement|in funds, incl|ude|d
in t|he above|are as follows:||| |---|---|---|---|---|---|---|---| ||||||Incoming|Resources|Movement| ||||||resources
f|expended|in funds
6| |Unrestricted|funds||||||| |General fund|||||835,429|(577,668)|257,761| |TOTALFUNDS|||||835,429|(5777,,666688)|257,761| |Comparatives|for movement||in funds||||| |||||||Net|| |||||||movement|At| ||||||At 1.4.20|in funds|31.3.21| ||||||||6| |Unrestricted|funds||||||| |General fund|||||224,869|(17,862)|207,007| |TOTAL FUNDS|||||224,869|~17,862)|207,007| |Comparative|net movement|m|funds,|included|in the above are as follows.||| ||||||Incoming|Resources|Movement| ||||||resources
f|expended|in funds| |Unrestricted|funds||||||| |General fund|||||516,846|(534,708)|(17,862)| |TOTALFUNDS|||||516,846|(534,708)|~17,862)| |Unrestricted|funds||||||| ## ## ## ## ##