## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||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| ## ## |||||VI
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CI| ## ## ## |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)|