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2021-03-31-accounts

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
Notes 6 6 6 6 f
Incom
d		 en en om'
Donations and legacies 3 3,761 3,761 805 164 969
Charitable
activities		 4 378,834 2,022,027 2,400,861 614,809 1,981,636 2,596,445
Other trading activities 5 2,803 2,803
investments 6 292 292 826 826
Other income 7 3,400 3,400
Total income 382,887 2,025,427 2,408,314 619,243 1,981,800 2,601,043
KtmendiIILrr;
Raising funds 287 287 5,309 5,309
Charitable
activities		 9 790,191 2,003,977 2,794,168 673,161 2,071,086 2,744,247
Other 5,000 5,000
Total resources
expended 790,478 2,008,977 2,799,455 6?8,470 2,071,086 2,749,556
Gross transfers
between
funds		 37,768 (37,768)
Net (outgoing)/incoming
resources (407,591) 16,450 (391,141) (21,459) (127,054) (148,513)
Other recognised gains and losses
Revaluation
of		 tangible
fixed assets 14 (1,507,200) (1,507,200)
Net movement in funds (407591) (1490750) (1 898,341) (21,459) (127,054) (148,513)
Fund balances at 1
April 2020 294,975 2,583,290 2,878,265 316,434 2,710,344 3,026,778
Fund balances at 31
INarch 2021 (112,616) 1,092,540 979,924 294,975 2,583,290 2,878,265

2021 2020
Notes f f
Fixed assets
Tangible assets 15 1,096,255 2,700,212
Current assets
Debtors 16 257,444 387,095
Cash at bank and in hand 165,473 488,926
422,917 876,021
Creditors: amounts falling due within
one year 18 (539,248) (213,254)
Nel current (liabilities)/assets (116,331) 662,767
Total assets less current liabilities 979,924 3,362,979
Creditors: amounts falling due after
more than one year 19 (484,714)
Net assets 979,924 2,878,265
Income funds
General restricted funds 2,599,740 2,583,290
Revaluation reserve (1,507,200)
22 1,092,540 2,583,290
Unrestricted funds (112,616) 294,975
979,924 2,878,265

2021 2020
Notes 8
Cash flows from operating activities
Cash absorbed
by operations		 28 (57,559) (41,276)
Investing activities
Proceeds on disposal oftangible fixed
assets 4,400
Investment income received 292 826
Net cash generated
from		 investing
activities 4,692 826
Financing activ!ties
Repayment ofborrowings 250.000
Repayment of bank loans (520,586) (34,834)
Net cash used in financing activities (270,586) (34,834)
Net decrease in cash and cash equivalents (323,453) (75,284)
Cash and cash equivalents al beginning ofyear 488,926 564,210
Cash and cash equivalents at end of year 165,473 488,926

4 Charitable
activities
2021f 2020
f
Sundry income
Training
Grants		 2,190
1,750		 6,950
7,490
Occupation
charges		 2,313,501
83,420		 2,494,337
87,668
2,400,861 2,596,445
Analysis
by fund
Unrestricted
funds
Restricted
funds		 378,834
2,022,027		 614,809
1,981,636
2,400,861 2,596,445
Grants
Welsh Government
Capital
Neath Port Talbot County Borough
Big Lottery Fund
Armed Forces Covenant
City and County ofSwansea		 Council 8,750
239,399
11,229
41,613		 4,515
29,034
35,779
Youth Justice Board
South Wales Police and Crime Commissioner
APB, SMAF &Joint Commissioning
Board
European Social Fund
Swansea
City AFC
Moondance
Foundation
Rhondda
Cynon Taf County Borough Council
Grants (fSk		 / HMPPS 27,300
541,082
1,168,093
226,374
2,296
16,734
17,341
13,291		 544,579
1,345,570
470,907
13,773
2,313,501 2,494,337

Total Unrestricted
funds
2021f 2020
f
Rental income
2,803

Unrestricted Unrestricted
funds funds
2021 2020
6 6
Interest receivable 292 826
Restricted Total
funds
2021 2020
f
Net gain on disposal oftangible fixed assets 3,400
Unrestricted Unrestricted
funds funds
2021 2020
K f:
Event costs 5,066
Fundraising expenses 287 243
287 5,309
287 5,309

2021 2021 2020
6
Staff costs
Depreciation
and impairment
Advertising
Bank charges and interest
Volunteer costs		 1,992,611
86,218
300
18,895		 1,991,357
109,593
3,734
17,138
(Tcosts 113 4,593
Equipment
hire
Health and safety
Literature		 81,053
24,489
7,907		 30,841
24,573
628
Transportation
costs
Other staff costs		 333
'l1,532		 1,036
15,462
Premises costs 93,443 86,846
Project expenses
Sundry and training costs
Bad debt provision		 288,091
20,316
4,086
(8,386)		 233,155
27,634
1,556
588
2,621,001 2,548,734
Share ofsupport costs (see note 10)
Share ofgovernance
costs (see note 10)		 133,309
39,858		 127,546
67,967
2,794,168 2,744,247
Analysis
by fund
Unrestricted
funds
Restricted funds		 790,191 673,161
2,003,977 2,071,086
2,794,168 2,744,247

10 Support costs
Support Governance 2021 Support Governance 2020
costs costs costs costs
f f 5 f
Staff costs 105,990 21,198 127,188 104,632 20,926 125,558
Depreciation 4,538 4,538 5,768 5,768
Computer costs 4,266 4,266 1,221 1,221
Equipment
hire		 1,289 1,289 1,293 1,293
Other staff costs 1,534 1,534
Premises costs 15,163 15,163 11,999 11,999
Advertising 197 197
Bank charges 994 994 902 902
Project expenses 1,069 1,069
Audit fees 7,230 7,230 4,770 4,770
Legal and professional 9,770 9,770 39,041 39,041
Subscriptions 1,660 1,660 2,943 2,943
Other staff costs 287 287
133,309 39,858 173,167 127,546 67,967 195,513
Analysed
between
Charitable
activities		 133,309 39,858 173,167 127,546 67,967 195,513

Restacted Total
funds
2021 2020
Impairment ofmotor vehicles 5,000
5,000


The average
monthly
number ofemployees
during th		 e year was:
2021 2020
Number Number
Chief executive 1 1
Management 5 5
Direct 78 79
Administration and support 15 15
99 100
Employment costs 2021 2020
E 6
Wages and salaries 1,911,256 1,911,704
Social security costs 141,737 140,648
Other pension costs 66,806 64,563
2,119,799 2,116,915

15 Tangible fixed assets Tangible fixed assets
Freehold land
snd hulldings		 Leasehold
improvements		 Motor vehicles
Sequipment		 Total
Cost or valuation 8 8
At 1April 2020
Dispose ls		 3,400,486 95,970 376,256 3,872,712
Revaiuations
Impairment		 (2,330,486) (24,000) (24,000)
(2,330,486)
(5,000) (5,000)
At 31 March 2021 1,070,000 95,970 347,256 1,513,226
Depreciation
and impairment
At 1 April 2020
Depreciation
charged
Disposals		 in the year 755,281
68,004		 61,110
17,469		 356,109
5,283		 1,172,500
90,756
Revaluation (823,285) (23,000) (23,000)
(823,285)
At 31 March 2021 78,579 338,392 416,971
Carrying
amount
At 31 March 2021 1,070,000 17,391 8,864 1,096,255
At 31 March 2020 2,645,205 34,860 20,147 2,700,212

Debtors Debtors
Amounbs
falling due within one year:		 2021 2020
Trade debtors
Other debtors 178,492 208,498
Prepayments and accrued income 12,154
16,798		 5,420
123,177
207,444 337,095

16 Debtors (Continued)
2021 2020
Amounts
falling due after more than one year:		 6 6
Other debtors 50,000 50,000
Total debtors 257,444 387,095
Loans and overdrafts
2021f 2020
Bankloans 520,566
Other loans 250,000
250,000 520,566
Payable within one year 250,000 35,872
Payable after one year 484,714

2021 2020
Notes 6
Bank loans 35,872
Other borrowings 250,000
Other taxation and social security 35,003 32,131
Deferred income 20 90,849 2,296
Trade creditors 14,857 27,723
Other creditors 26,756 17,236
Accruals and deferred income 121,783 97,996
539,248 213,254

19 Creditors: amounts falling due after more than one year falling due after more than one year falling due after more than one year
Notes 2021f 2020
Bank loans 17 484,714
20 Deferred income
2021 2020
f f
Arising from grants
Arising from training		 90,849
2,296
90,849 2,296
Deferred income is included in the financial statements as follows:
2021 2020
f f
Balance brought forward
Income received		 2,296 12,291
Income released 2,404,350 2,533,169
(2,315,797) (2,543,164)
Balance carried forward 90,849 2,296

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23 Analysis ofnet assets between funds Analysis ofnet assets between funds Analysis ofnet assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
E E E E F E
Fund balances at 31
March 2021 are
represented by:
Tangible assets 3,715 1,092,540 1,096,255 198,391 2,501,821 2,700,212
Current assets/
(liabilities) (116,331) (116,331) 581,298 81469 662 767
Long term liabilities (484,714) (484,714)
(112,616) 1,092,540 979,924 294,975 2,583,290 2,878,265
4 Operating lease commitments
2021 2020
E E
Within one year 18,487 25,123
Between two and five years 8,616 27,103
27,103 52,226

Amounts
outstanding
at the year end and repayable
Adferiad Recovery Limited		 Amounts
outstanding
at the year end and repayable
Adferiad Recovery Limited		 ata future date totalled f50 ata future date totalled f50 ,000(2020:f50,000). ,000(2020:f50,000).
On 1st April 2021 the transferred
its net assets to
charity's operations
will be carried out within Adferiad		 Adferiad
Recovery
Limited
Recovery Limited from this		 (formerly
CAIS). All of the
date.
The charity received a loan from Adferiad
charity
in repayment
of its bank loan with
ofthe charity are transferred
across.		 Recovery
Limited
in March 2021
NatWest. The loan will be settled		 totalling 8250,000 to assist the
in 2021/22 when the net assets
During the year the charity invoiced Adferiad
Recovery Limited 8396,624 in
Change Step project. Amounts
outstanding
at the year end totalled f10,755.		 relation to the Cyfle Cymru
and
During
the year Adferiad
Recovery
Limited
invoiced
outstanding
at the year end totalled 6125.		 the charity 6730 for database
recharges.		 Amounts
Cash generated
from operations		 2021 2020
6
Deficit for the year (391,141) (148,513)
Adjustments
for:
Investment
income recognised
in statement
offinancial
Impairment
ofmotor vehicles
Gain on disposal oftangible
fixed assets
Depreciation
and impairment
oftangible fixed assets		 activities (292)
5,000
(3,400)
90,756		 (826)
115,361
Movements
in working
capital:
Decrease/(increase)
in debtors
increase
in creditors
Increase/(decrease)
in deferred income		 129,652
23,313
88,553		 (14,350)
17,047
(9,995)
Cash absorbed
by operations		 (57,559) (41,276)

29 Analysis ofchanges in net (debt)/funds
At 1 Aprtl 2020f Cash rlowsAt 31 INarch 2021
8
Cash at bank and in hand 488,926 (323,453) 165,473
Loans falling due within one year (35,872) (214,128) (250,000)
Loans falling due after more than one year (484,714) 484,714
(31,660) (52,867) (84,527)