2021-03-31-accounts - Torfaen Voluntary Alliance

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Report ofthe Trustees		1	to	8
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement			12
Notes to the Cash Flow	Statement		13
Notes to the Financial Statements		14	to	22

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes			f
INCOME AND ENDOWMENTS	FROM
Donations and legacies			321,499	352,463	673,962	330,408
Charitable activities
General support services Projects			9,683 6,946		9,683 6,946	19,445 7,182
Other trading activities Investment income			12,378 23		12,378 23	1,594 38
Total			350,529	352,463	?02,992	358,667
EXPENDITURE ON
Charitable activities
General support services Volunteering			192,444 22,547	7,647	192,444 30,194	195,148 31,285
Projects Partnership development			941 11,744	278,441 40,100	279,382 51,844	97,774 51,774
Total			227,676	326,188	553,864	375,981
NET INCOME/(EXPENDITURE)			122,853	26,275	149,128	(17,314)
RECONCILIATION OF FUNDS
Total funds brought forward			107,977	7,758	115,735	133,049
TOTAL FUNDS CARRIED FORWARD			230,830	34,033	264,863	115,735

				2021	2020
		Unrestricted	Restricted	Total	Total
	Notes	funds f	funds	funds	funds
CURRENTASSETS
Debtors Cash at bank	14	46,505 28'I 800	34,033	46,505 315,833	37,653 88,266
		328,305	34,033	362,338	125,919
CREDITORS
Amounts falling due within one year	15	(97,475)		(97,475)	(10,184)
NET CURRENT ASSETS		230,830	34,033	264,863	115,735
TOTAL ASSETSLESSCURRENT	LIABILITIES	230,830	34,033	264,863	115,735
NET ASSETS		230 830	34033	264.863	115.735
FUNDS	17
Unrestricted funds Restricted funds				230,830 34,033	107,977 7,758
TOTAL FUNDS				264863	115,735

				2021	2020
			Notes	F
Cash flows from	operating	activities
Cash generated from operations				227,544	~59.835)
Net cash provided	by/(used	in) operating	activities	227,544	~59,835)
Cash flows from	investing	activities
Interest received				23	38
Net cash provided	by investing activities			23	38
Change in cash	and cash	equivalents	in
the reporting period				22?,567	(59,797)
Cash and cash equivalents		at the
beginning ofthe	reporting	period		88,266	148,063
Cash and cash equivalents		at the end	of
the reporting period				315,833	88,266

RECONCILIATION	OF NET INCOME/(EXPENDITURE)	OF NET INCOME/(EXPENDITURE)	TO NET CASH	FLOW FROM OPERATING
ACTIVITIES
				2021	2020f
Net income/(expenditure) for the reporting Statement of Financial Activities)		period (as	per the	149,128	(17,314)
Adjustments for:
interest received				(23)	(38)
Increase in debtors Increase/(decrease)	in creditors			(8,852) 87,291	(30,452) ~12,031)
Net cash provided	by/(used in) operations			227,544	~58,835)

DONATIONS AND LEGA	CIES
					2021	2020
Grants					673,962	330,408
Grants received, included	in the above, are as follows:
					2021	2020
					E	f
Wales Council for Voluntary		Action
Core funding					305,747	160,192
Youth Led grant scheme					6,650	10,650
Torfaen County Borough	Council
Core funding					15,752	16,000
Covid-19 small grants					16,000
Aneurin Bevan Health Board
BSB- Building Strong Bridges					40,100	40,100
Gwent Regional Partnership		Board
Integrated Care Fund - Small grants				Fund	33,922	32,557
Comic Relief
Project award - Gwent Region						70,909
COVID-19funding					26,591
Welsh Government
Coronavirus Recovery Grant for Volunteering					100,360
Foundational Economy Challenge			Fund		83,000
Voluntary Sector Recovery	Fund				45,840
					673,962	330,408

								2021f	2020 F
Event support	income							150	575
Rental income								12,228	1,019
								12,378	1,594
INVESTMENT	INCOME
								2021	2020
								F	f
Deposit account interest								23	38
INCOME FROM CHARITABLE ACTIVITIES
								2021	2020
			Activity
Member services			General support services					9,683	19,445
Project administration		fees	projects					6,946	7,182
								16,629	26,627
CHARITABLE	ACTIVITIES		COSTS
							Grant
							funding of
							activities	Support
				Direct			(see note	costs (see
				Costs F			8)	note 9) f	Totals f
General support services				180,700				11,744	192,444
Volunteering					650		6,997	22,547	30,194
projects				178,655			99,787	940	279,382
Partnership development				40,100				11,744	51,844
				400,105			106,784	46,975	553,864
GRANTS PAYABLE
								2021f	2020f
Volunteering								6,997	8,868
projects								99,787	96,840
								106,784	105,708
The volunteering grants were paid out to 5 (2020				- 8) different		youth	groups based	within the Torfaen	area. T
grants ranged	between	f990and f2,424.
The project grants were paid out across a number				ofprojects as		follows:
									2021
Integrated Care fund		project							f
Mirus									8,000
Llamau									6,130
Bethlehem Church									4,812
TOGS Centre	Torfaen								4,230
Torfaen People First									4,200
Able Radio									3,750
Age Connects	Torfaen								2,800
Total number ofinstitutions			7 (2020 -5 institutions)						33,922

GRANTS PAYABLE - continued	GRANTS PAYABLE - continued
Comic Relief Covid-19 funding
Hope GB		5,246
Family Resource Centre Coed Eva		5,000
Congress Youth Theatre		4,690
Torfaen Sea Cadets		4,295
Blenheim Parents 8 Friends	Association	4,025
The Hwb Torfaen		3,240
Total number of institutions	6 (2020 - Nil)	26,496

STAFF COSTS
			2021	2020
			F
Wages and salaries			211,100	172,718
Social security costs			14,859	12,307
Other pension costs			16,625	15,701
			242,584	200,726
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
			9	7

MOVEMENT	IN FUNDS
			Net
			movement	At
		At 1/4/20	in funds	31/3/21
				f
Unrestricted	funds
General fund		107,977	122,853	230,830
Restricted funds
Youth Grant	Scheme	1,132	(997)	135
Comic Relief	project awards	6,626		6,626
Coronavirus	Recovery grant for
volunteering			4,800	4,800
Voluntary Sector Recovery Fund			20,840	20,840
Torfaen Council COVID small grants			1,632	1,632
		7,758	26,275	34,033
TOTAL FUNDS		115,735	149,128	264,863

Net movemen	t in funds, indu	ded	in	the above	are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						E	E
Unrestricted	funds
General fund					350,529	(227,676)	122,853
Restricted funds
Youth Grant	Scheme				6,650	(7,647)	(997)
Building Strong Bridges					40,100	(40,100)
integrated Care Fund - small		grants		fund	33,922	(33,922)
Coronavirus	Recovery grant for
volunteering					100,360	(95,560)	4,800
Foundational	Economy Challenge		fund		83,000	(83,000)
Voluntary Sector Recovery Fund					45,840	(25,000)	20,840
Comic Relief	Covid-19 fund				26,591	(26,591)
Torfaen Council COVID small		grants			16,000	~14,368)	1,632
					352,463	~326,188	26,275
TOTAL FUNDS					702,992	~553,864)	149,128
Comparatives for movement in			funds
						Net
						movement	At
					At 1/4/19	in funds	31/3/20
					F		E
Unrestricted	funds
General fund					133,049	(25,072)	107,977
Restricted funds
Youth Grant	Scheme					1,132	1,132
Comic Relief	project awards					6,626	6,626
						7,758	7,758
TOTAL FUNDS					133,049	~17,314)	115,735
Comparative	net movement in funds,			included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						F	F
Unrestricted	funds
General fund					204,451	(229,523)	(25,072)
Restricted funds
Youth Grant	Scheme				10,650	(9,518)	1,132
Building Strong Bridges					40,100	(40,100)
Integrated Care Fund - small		grants		fund	32,557	(32,557)
Comic Relief	project awards				70,909	/64, 283)	6,626
					154,216	L)48.445588)	7,758
TOTAL FUNDS					358,667	~375,981)	~17,314)