|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|
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||||||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|
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|||||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|
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|||||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|
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|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)|
|2.|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|
||||At 1/4/20|Cash flow|At 31/3/21|
||||F|E||
||Net cash|||||
||Cash at bank||88,266|227,567|315,833|
||||88,266|227,567|315,833|
||Total||88,266|227,567|315,833|
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|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|
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|||||||||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|
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|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|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
||||F||
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies||176,192|154,216|330,408|
|Charitable
activities|||||
|General support services||19,445||19,445|
|Projects||7,182||7,182|
|Other trading
activities||1,594||1,594|
|Investment
income||38||38|
|Total||204,451|154,216|358,667|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|General support services||194,498|650|195,148|
|Volunteering||22,417|8,868|31,285|
|Projects||934|96,840|97,774|
|Partnership
development||11,674|40,100|51,774|
|Total||229,523|146,458|375,981|
|NET INCOME/(EXPENDITURE)||(25,072)|7,758|(17,314)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward||133,049||133,049|
|TOTAL FUNDS CARRIED FORWARD||107,977|7,758|115,735|
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||||||||2021
f|2020
f|
|---|---|---|---|---|---|---|---|---|
||Trade debtors||||||11,758|36,772|
||Prepayments|and accrued||income|||34,747|881|
||||||||46,505|37,653|
|15.|CREDITORS:|AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||||||||2021|2020|
||||||||f|f|
||Trade creditors||||||27,076|781|
||Social security|and other taxes|||||11,241|794|
||Other creditors||||||48,700|5,429|
||Accruals and deferred||income||||10,458|3,180|
||||||||97,475|10,184|
|16.|LEASING AGREEMENTS||||||||
||Minimum
lease payments|||under non-cancellable|operating|leases fall due as follows:|||
||||||||2021|2020|
|||||||||f|
||Within one year||||||16,300|16,300|
||Between one and five||years||||48,900|65,200|
||||||||65,200|81,500|
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|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|
##
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|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)|
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