2023-03-31-accounts - Promo - Cymru

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	Page
Reference and Administration Details	1
Report of the Trustees	2 toll
Statement of Trustees Responsibilities	12
Report of the Independent Auditors	13 to 15
Statement of Consolidated Financial Activities	16
Statement of Company Financial Activities	17
Balance Sheets	18
Statement of Consolidated and Company Cash Flows	19
Notes to the Consolidated Financial Statements	20 to 35

	an annual review of the risks the charity may face
	the establishment of systems and procedures to mitigate those risks identified
	in the plan
	the implementation of procedures designed to minimise any potential impact on
	the charity should those risks materialise
Trustees:	risk management statement−reviewed each year
	conflict of interest register −updated each year
	trustee welcome pack inclusive of signed statements of ability to serve as a trustee
Staff:	proof of ID required
	OBS checks (where applicable)
	references
	probation period
	regular appraisals
	comprehensive personnel files
	trained to ensure capability to undertake role
HR:	ongoing updates and training to keep up with changes in legislation
	robust policy and procedures −updates where required
	back up legal assistance in place
Health & safety:	office risk assessments
	updates and training when necessary
Information technology:	all laptops are password protected
	all laptops are set for scheduled security updates and are protected by AVG antivirus
	users areforced to change their 0ffice365 password every 90 days for security
	purposes
	All websites are secured with SSL Certificates. They are also protected by industry
	leading security plugin Wordfence.
	Independent web security testing takes place annually
	All websites are updated monthly for relevant themes, plugins and OS

				Continuing	Discontinued
				operations	operations
		Unrestricted	Restricted	total	total		Total
	Notes	funds	funds	2023	2023		2023
		£	£	£	£		£
INCOME AND ENDOWMENTS FROM:
Activities for generating funds	3	808,888	−	808,888		−	808,888
Voluntary income	4	• 1719	5000	6,719		−	6,719
Investment income	5	92,897	−	92,897		−	92,897
Charitable activities	6	7,200	554,975	562,175			562,175
Total income		910,704	559,975	1,470,679		−	1,470,679
EXPENDITURE ON:
Charitable activities	7	884,186	501,801	1,385,987		−	1,385,987
Total expenditure		884,186	501,801	1,385,987		−	1,385,987
NET INCOMEI(EXPENDITURE)		26,518	58,174	84,692		−	84,692
Gross transfers between funds
		−	−	−		−	−
NET MOVEMENT IN FUNDS		26,518	58,174	84,692		−	84,692
Reconciliation of funds:
Total funds brought forward		476,713	1,018,357	1,495,070		−	1,495,070
TOTAL FUNDS CARRIED FORWARD	19	503,231	1,076,531	1,579,762		−	1,579,762
				Continuing	Discontinued
				operations	operations
		Unrestricted	Restricted	total	total		Total
	Notes	funds	funds	2022	2022		2022
		£	£	£	£		£
INCOME AND ENDOWMENTS FROM:
Activities for generating funds	3	835,868	−	835,868		−	835,868
Voluntary income	4	75	−	75			75
Investment income	5	77,380	−	77,380		−	77,380
Charitable activities	6	8,970	321,355	330,325		−	330,325
Total income		922,293	321,355	1,243,648			1,243,648
EXPENDITURE ON:
Charitable activities	7	810,178	256,507	1,066,685		−	1,066,685
Total expenditure		810,178	256,507	1,066,685		−	1,066,685
NET INCOMEI(EXPENDITURE)		112,115	64,848	176,963		−	176,963
Gross transfers between funds		−125	125	−		−	−
NET MOVEMENT IN FUNDS		111,990	64,973	176,963		−	176,963
Reconciliation of funds:
Total funds brought forward		364,723	953,384	1,318,107		−	1,318,107
TOTAL FUNDS CARRIED FORWARD	19	476,713	1,018,357	1,495,070			1,495,070

				Continuing	Discontinued
				operations	operations
		Unrestricted	Restricted	total	total	Total
	Notes	funds	funds	2023	2023	2023
		£	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Voluntary income		71719	5000	76,719	−	76,719
Charitable activities		60,652	554,975	615,627	_	615,627
Investment income		2,241		2,241	−	2,241
Total income		134,612	559,975	694,587	−	694,587
EXPENDITURE ON:
Charitable activities		114,293	501,801	616,094	−	616,094
Total expenditure		114,293	501,801	616,094	−	616,094
NET INCOME/(EXPENDITURE)		20,319	58,174	78,493	−	78,493
Gross transfers between funds
		−		−	−	−
NET MOVEMENT IN FUNDS		20,319	58,174	78,493	−	78,493
Reconciliation of funds:
Total funds brought forward		413,704	1,018,357	1,432,061	−	1,432,061
TOTAL FUNDS CARRIED FORWARD	20	434,023	1,076,531	1,510,554	−	1,510,554
				Continuing	Discontinued
				operations	operations
		Unrestricted	Restricted	total	total	Total
	Notes	funds	funds	2022	2022	2022
		£	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Voluntary income		200075	−	200,075	−	200,075
Charitable activities		60,006	321,355	381,361	−	381,361
Total income		260,081	321,355	581,436	−	581,436
EXPENDITURE ON:
Charitable activities		161,322	256,507	417,829	−	417,829
Total expenditure		161,322	256,507	417,829	−	417,829
NET INCOME/(EXPENDITURE)		98;759	64,848	163,607	−	163,607
Gross transfers between funds		−125	125	−	−	−
NET MOVEMENT IN FUNDS		98,634	64,973	163,607	−	163,607
Reconciliation of funds:
Total funds brought forward		315,070	953,384	1,268,454	−	1,268,454
TOTAL FUNDS CARRIED FORWARD	20	413,704	1,018,357	1,432,061	−	1,432,061

			Consolidated	Consolidated	Company	Company
			2023	2022	2023	2022
			Total	Total	Total	Total
	Notes		funds	funds	funds	funds
			f	f	f	f
FIXED ASSETS
Tangible assets	14		1,319,635	1,357,114	1,309,667	1,349,067
Investments	15		−	−	100	100
			1,319,635	1,357,114	1,309,767	1,349,167
CURRENT ASSETS
Stocks			1,575	1,830	−	−
Debtors	16		64,359	237,255	9,055	163,939
Cash at bank and in hand			606,247	284,943	463,095	168,408
			672,181	524,028	472,150	332,347
CREDITORS
Amounts falling due within one year	17		−214,706	−169,073	−75,665	−33,704
NET CURRENT ASSETS			457,475	354,955	396,485	298,643
TOTAL ASSETS LESS CURRENT
LIABILITIES			1,777,110	1,712,069	1,706,252	1,647,810
CREDITORS AND PROVISIONS
Amounts falling due after one year	18		−195,698	−215,749	−195,698	−215,749
Provisions for liabilities	18		−1,650	−1,250
			1,579,762	1,495,070	1,510,554	1,432,061
		,
FUNDS
Unrestricted funds	19		503,231	476,713	434,023	413,704
Restricted funds	19		1,076,531	1,018,357	1,076,531	1,018,357
NET ASSETS			1,579,762	1,495,070	1,510,554	1,432,061

		Consolidated	Consolidated	Company	Company
		2023	2022	2023	2022
		Total	Total	Total	Total
	Notes	funds	funds	funds	funds
		£	£	£	£
Cash flows from operating activities
Net cash income		84,692	176,963	78,493	163,607
Adjustments to cash flows from non−cash items
Depreciation		53,611	50,523	50,150	47,311
Investment income	5	−2,241		−2,241
		136,062	227,486	126,402	210,918
Working capital adjustments
(Increase)/decrease in stocks		255	83	−	−
(Increase)/decrease in debtors	16	172,896	−112,799	154,884	−61,904
(Decrease)/increase in creditors	17	16,843	−144,858	51,178	−140,368
(Decrease)/increase In deferred income	17	29,774	−8,232	−8,233	−24,067
(Decrease)/increase in provisions	18	400	−100	−
Net cash flows from operating activities		356,230	−38,420	324,231	−15,421
Cash flows from investing activities
Interest receivable and similar income		2,241	−	2,241	−
Purchase of tangible fixed assets	14	−16,132	−43,903	−10,750	−41,596
Net cash flows from investing activities		−13,891	−43,903	−8,509	−41,596
Cash flows from financing activities
Repayments of loans and borrowings		−21,035	20,220	−21,035	20,220
Net cash flows from financing activities		−21,035	20,220	−21,035	20,220
Net (decrease)/increase in cash and cash
equivalents		321,304	−62,103	294,687	−36,797
Cash and cash equivalents at 1 April		284,943	347,046	168,408	205,205
Cash and cash equivalents at 31 March		606,247	284,943	463,095	168,408


ACTIVITIES FOR GENERATING FUNDS			Consolidated
			2023	2022
Projects, consultancy, workshops, events and helpline fees			808,888	835,8684
VOLUNTARY INCOME			Consolidated
			2023	2022
Donations			6,719	75
INVESTMENT INCOME			Consolidated
			2023	2022
Rents received			90,571	77,380
Interest received			2326
			92,897	77,380
INCOME FROM CHARITABLE ACTIVITIES	Unrestricted
	funds	Restricted	Consolidated
	General	funds	2023	2022
	f	f	f	f
NEWiD grant	−	100,000	100,000	166,900
UK Community Renewal Fund	−	216,675	216,675	64,629
Blaenau Gwent CBC Food Distribution grant	−	7,950	7,950	−
Wales Council for Voluntary Action	−	18,704	18,704	−
National Academy for Educational Leadership	−	10,000	10,000	−
Taith Learning grant	−	7,605	7,605	−
National Lottery−Mind our Future Gwent grant	−	95,728	95,728	−
National Lottery−Third Sector Digital Fund	−	72,182	72,182	−
Youth Access grant	−	18,932	18,932	20,272
Social Business Growth Fund 2	−	6,674	6,674	17,339
Emotional Health Wellbeing grant	−	−	−	13,850
National Lottery Awards for All grant	−	−	−	10,000
National Lottery Community Fund account	−	−	−	10,000
C3CS grant	−	−	−	5,000
Covid grant	−	−	−	7,240
EYST grant	−	−	−	5,125
Other project grants	−	525	525	1,000
Fees and rental income	7,200	−	7,200	8,970
	7,200	554,975	562,175	330,325

EXPENDITURE ON CHARITABLE A	CTIVITIES
	Unrestricted	Restricted	Consolidated
	funds	funds	2023	2022
	f	f	f	f
Subsidiary company	765,143	−	765,143	644,431
Staff costs	19,878	340,623	360,501	257,964
Project costs	16,558	82,133	98,691	56,018
Office costs	8,577	5,861	14,438	6,736
Repairs and renewals	24,064	9,894	33,958	12,212
Insurance	7,056	8500	15,556	13,738
Premises costs	5,140	19,060	24,200	4,794
Loan interest	13,700	−	13,700	14,306
Depreciation	14,420	35,730	50,150	47,311
	874,536	501,801	1,376,337	1,057,510
	Activity	Activity
	undertaken	support	Consolidated
	directly	costs	2023	2022
	E	E	f	f
Subsidiary company	765,143	845	765,988	644,431
Staff costs	359,656	−	359,656	257,964
Project costs	98,691	−	98,691	56,018
Office costs	−	14,438	14,438	6,736
Repairs and renewals	33,958	−	33,958	12,212
Insurance	−	15,556	15,556	13,738
Premises costs	−	24,200	24,200	4,794
Loan interest	−	13,700	13,700	14,306
Depreciation	50,150	−	50,150	47,311
	1,307,598	68,739	1,376,337	1,057,510

				Totals	Totals
Finance	Admin	Premises	Other	2023	2022
f	f	f	f	f	f
13,700	14,438	24,200	16,401	68,739	39,574

Net resources are stated after charging/(crediting):
	Consolidated
	2023 2022
Audit fees	9,650	9,175
Depreciation −owned assets	53,611	50,523

				2023	2022
					£
Wages,	salaries	and	pensions	985,013	801,765

TANGIBLE FIXED ASSETS	Freehold	Furn. &
a) Consolidated fixed assets	property	equip.	Totals
	£	f	f
COST
At 1 April 2022	1,516,945	508,675	2,025,620
Additions	−	16,132	16,132
Disposals	−	−	−
At 31 March 2023	1,516,945	524,807	2,041,752
DEPRECIATION
At 1 April 2022	219,822	448,684	668,506
Charge for year	30,340	23,271	53,611
Eliminated on disposals	−	−	_
At 31 March 2023	250,162	471,955	722,117
NET BOOK VALUE
At 31 March 2023	1,266,783	52,852	1,319,635
At 1 April 2022	1,297,123	59,991	1,357,114

b) Company fixed assets	Freehold	Fixtures,
	land and	fittings &
	buildings	equip.	Total
COST
At 1 April 2022	1,516,945	414,640	1,931,585
Additions	−	10,750	10,750
Disposals	−	−	−
At 31 March 2023	1,516,945	425,390	1,942,335
DEPRECIATION
At 1 April 2022	219,822	362,696	582,518
Charge for year	30,340	19,810	50,150
Eliminated on disposals	−	−	_
At 31 March 2023	250,162	382,506	632,668
NET BOOK VALUE
At 31 March 2023	1,266,783	42,884	1,309,667
At 1 April 2022	1,297,123	51,944	1,349,067

FIXED ASSET INVESTMENTS
	Shares in
	group
	company
NET BOOK VALUE
At 31 March 2023		100
At 31 March 2022		100
There were no investment assets outside the UK.

Class of share:	holding
E1 ordinary	100%
		2023	2022
Aggregate reserves		69,208		63,009
ProfitAloss) for the year		6,199		13,356

	2023	2022
Turnover	1,246,299	1,184,199
Direct costs	−998,123	−814,648
Gross profit	248,176	369,551
Other income	17,439	16,667
	265,615	386,218
Other costs	−259,416	−372,862
Profit/(loss) for the year	6,199	13,356


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	Consolidated
	2023	2022
Trade debtors	31,359	116,190
Prepayments and accrued income	11,987	121,065
Other debtors	21,013
	64,359	237,255
	Company
	2023	2022
Trade debtors		12,083
Amounts owed by group undertakings		35,916
Prepayments and accrued income	9,055	115,940
	9,055	163,939,
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	Consolidated
	2023	2022
Trade creditors	21,004	10,518
Other loans	11,001	11,985
Taxation and social security	75,524	66,884
VAT payable	2,906	4,822
Accruals and deferred income	97,301	69,846
Other creditors	6,970	5,018
	214,706	169,073
	Company
	2023	2022
Trade creditors	15,427	2,170
Loans	11,001	11,985
Amounts owed to group undertakings	40,193
VAT payable	2,906	4,822
Accruals and deferred income	5,137	13,727
Other creditors	1,001	1,000
	75,665	33,704

					2023	2022
Wales	Council	for	Voluntary	Action	8,748		9,818

	Consolidated	Consolidated
	2023	2022
At 31 March 2021	54,694	57,687
Amount released to incoming resources	−40,510	−57,687
Amount deferred in the year	70,285	54,694
At 31 March 2022	84,469	54,694

		Consolidated	Consolidated
		2023	2022
			£
Loans		195,698	215,749
Deferred	tax	1,650	1,250

	2023	2022
Loan from Wales Council for Voluntary Action	182,932	191,909
Included in the creditors are the following amounts due after more than five years:
	2023	2022
After more than five years by instalments	141,005	154,098

MOVEMENT IN FUNDS		incoming	Resources
	At 1.4.22	resources	expended	Transfers		At 31.3.23
	£	£	£	£		£
Unrestricted funds
General fund	476,713	910,704	−884,186		−	503,231
	476,713	910,704	−884,186			503,231
Restricted funds
Heads of the Valleys Programme	150,380	−	−4,325			146,055
Blaenau Gwent Youth Service
Capital and Revenue grant	19,835	−	−507		−	19,328
Big Lottery Community Asset
Transfer	344,311	−	−9,009		−	335,302
Blaenau Gwent Community
Economic Development grant	14,597	−	−699		−	13,898
Blaenau Gwent Community Asset
Transfer	140,875	−	−3,500		−	137,375
Blaenau Gwent CBC
Food Distribution grant	−	7,950	−6,170		−	1,780
Arts for All grant	4,405	−	−99		−	4,306
Tai CaIon grant	145	−	−145		−	−
Valleys Environment grant	4,450	−	−100		−	4,350
Police and Crime
Commissioners Partnership	164	−	−164		−	−
Gavo Cash4u grant	115	−	−115		−	−
Social Business Growth Fund 1	81	−	−81		−	−
WAG Landfill Disposal Scheme	17,323	−	−369		−	16,954
Youth Access grant	−	18,932	−18,932		−	−
EVI CFAP grant	225,339	−	−9,642		−	215,697
Covid Support grant	6,034	−	−2,011		−	4,023
Social Business Growth Fund 2	9,678	6,674	−9,846		−	6,506
NEWiD grant	80,625	100,000	−80,625		−	100,000
UK Community Renewal Fund	−	216,675	−207,717		−	8,958
Wales Council for Voluntary Action	−	18,704	−		−	18,704
National Academy for
Educational Leadership grant	−	10,000	−6,364		−	3,636
Taith Learning grant	−	7,605	−1,113		−	6,492
Asda grant	−	525	−		_	525
National Lottery−
Mind our Future Gwent grant	−	95,728	−76,911		−	18,817
National Lottery −
Third Sector Digital Fund	−	72,182	−59,432		−	12,750
Carol Powell Donation Fund	−	5,000	−3,925		−	1,075
	1,018,357	559,975	−501,801			1,076,531
TOTAL FUNDS	1,495,070	1,470,679	−1,385,987			1,579,762

MOVEMENT IN FUNDS		Incoming	Resources
	At 1.4.21	resources	expended	Transfers	At 31.3.22
Unrestricted funds
General fund	364,723	922,293	−810,178	−125	476,713
	364,723	922,293	−810,178	−125	476,713
Restricted funds
Cardiff Web Project	138	−	−138	−	−
Heads of the Valleys Programme	154,563	−	−4,183	−	150,380
Blaenau Gwent Youth Service
Capital and Revenue grant	20,342	−	−507	−	19,835
Big Lottery Community Asset
Transfer	353,673	−	−9,362	−	344,311
Blaenau Gwent Community
Economic Development grant	• 15,123	−	−526	−	14,597
Blaenau Gwent Community Asset
Transfer	144,375	−	−3,500	−	140,875
Arts for All grant	4,504	−	−99	−	4,405
Tal CaIon grant	217	−	−72	−	145
Valleys Environment grant	4,550	−	−100	−	4,450
Police and Crime
Commissioners Partnership	246	−	−82	−	164
Gavo Cash4u grant	172	−	−57	−	115
Social Business Growth Fund	122	−	−41	−	81
WAG Landfill Disposal Scheme	17,692	−	−369	−	17,323
Youth Access grant	−	20,272	−20,272	−	−
EVI CFAP grant	237667	−	−12,328	−	225,339
EYST grant	−	5,125	−5,125	−	−
Covid Support grant	−	7,241	−1,207	−	6,034
Voluntary Services Recovery Fund	−	1,000	−1,000	−	_
Social Business Growth Fund 2	−	17,338	−7,660	−	9,678
C3CS grant	−	5,000	−5,125	125	_
NEWiD grant	−	166,900	−86,275	−	80,625
UK Community Renewal Fund	−	64,629	−64,629	−	−
Emotional Health and Wellbeing	−	13,850	−13,850	−	−
Lottery Awards for All	−	10,000	−10,000	−	−
Lottery Community Fund	−	10,000	−10,000	−	−
	953,384	321,355	−256,507	125	1,018,357
TOTAL FUNDS	1,318,107	1,243,648	−1,066,685		1,495,070

	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated
	Unrestricted	Restricted		total	funds
	funds	funds		2023	2022
	£		f	f		f
Tangible fixed assets	406,883		912,752	1,319,635		1,357,114
Current assets	472,497		199,684	672,181		524,028
Current liabilities	−178,801		−35,905	−214,706		−169,073
Deferred liabilities	−197,348		−	−197,348		−216,999
TOTAL FUNDS	503,231	1,076,531		1,579,762		1,495,070
	Company			Company
	Unrestricted	Restricted		total	funds
	funds	funds		2023	2022
	£		£	£		£
Tangible fixed assets	396,915		912,752	1,309,667		1,349,067
Fixed asset investments	100		−	100		100
Current assets	272,466		199,684	472,150		432,667
Current liabilities	−39,760		−35,905	−75,665		−134,024
Deferred liabilities	−191,909		−	−191,909		−215,749
TOTAL FUNDS	437,812	1,076,531		1,514,343		1,432,061,
ANALYSIS OF NET FUNDS
		At	1 April		At 31	March
		2022		Cashflow	2023
Cash at bank and in hand			284,943	321,304		606,247
Debt due within one year			−9,818	1,070		−8,748
Debt due after more than one year		−215,749		20,051		−195,698
Net debt			59,376	342,425		401,801
		At	1 April		At 31	March
		2021		Cashflow	2022
Cash at bank and in hand			347,046	−62,103		284,943
Debt due within one year			−7,634	−2,184		−9,818
Debt due after more than one year		−199,880		−15,869		−215,749
Net debt			139,532	−80,156		59,376