2022-03-31-accounts - Torfaen Voluntary Alliance

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			2022f	2021 5
Cash flows from operating	activities
Cash generated from operations			101,002	227,544
Net cash provided by operating activities			101,002	227,544
Cash flows from investing	activities
Interest received				23
Net cash provided by investing activities				23
Change in cash and cash	equivalents	in
the reporting period			101,010	227,567
Cash and cash equivalents	at the
beginning ofthe reporting	period		315,833	88,266
Cash and cash equivalents	at the end	of
the reporting period			416,843	315,833

RECONCILIATION	OF NET IN	COME	TO NET CASH FLOW FROM OPERATI	NG ACTIVITIES
				2022f	2021f
Net income for the	reporting	period	(as per the Statement of Financial
Activities)				72,320	149,128
Adjustments for:
Interest received				(8)	(23)
Decrease/(increase)	in debtors			45,542	(8,852)
(Decrease)/increase	in creditors			~(16,852	87,291
Net cash provided	by operations			101,002	227,544

ANALYSIS OF CHANGES
	At 1/4/21	Cash flow	At 31/3/22
Net cash
Cash at bank	315,833	101,010	416,843
	315,833	101,010	416,843
Total	315,833	101,010	416,843

DONATIONS AND LEGACIE	S
				2022	2021
				8	8
Grants				486,577	673,962
Grants received, included in the above, are as follows:
				2022 8	2021 f
Wales Council for Voluntary	Action
Core funding				176,661	305,747
Youth Led grant scheme				6,650	6,650
Winter Pressures Fund				81,248
Torfaen County Borough Council
Core funding				15,752	15,752
Covid-19 small grants					16,000
Connecting Torfaen				22,727
Aneurin Bevan Health Board
BSB- Building Strong Bridges				40,100	40,100
Health, Social Care and Wellbeing			Co-ordinator	42,839
Connecting Torfaen, Opening	Doors			63,000
Gwent Regional Partnership	Board
Integrated Care Fund - Small grants			Fund	37,600	33,922
Comic Relief
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
				486,577	673,962

								2022	2021
								5	E
Secondment		recovery						21,963
Event support		income						10,013	150
Rental income								12,228	12,228
								44,204	12,378
INVESTMENT INCOME
								2022	2021
									E
Deposit account interest								8	23
INCOME FROM CHARITABLE ACTIVITIES
				Activity				2022f	2021 F
Member senrices				General support	services			14,762	9,683
Project administration			fees	Projects				7,422	6,946
								22,184	16,629
OTHER INCOME
								2022	2021
									F
Other income								2,880
CHARITABLE ACTIVITIES COSTS
						Grant
						funding	of
						activities		Support
					Direct	(see note		costs (see
					Costs	9)		note 10)	Totals
					6	E		F	E
General support services					166,547			12,660	179,207
Volunteering					1,385	5,400		24,305	31,090
Projects					104,444	115,021		1,012	220,477
Partnership	development				40,100			12,659	52,759
					312,476	120,421		50,636	483,533
GRANTS PAYABLE
								2022f	2021
Volunteering								5,400	6,997
Projects								115,021	99,787
								120,421	106,784

GRANTS PAYABLE - c	ontinued	ontinued	ontinued
The project grants were	paid out across a number ofprojects as follows:
				2022
Integrated Care fund project				f
Shine				2,000
Llamau Bethlehem Church				(1,418) 9,933
Griffiths Communal Gardens				4,000
TOGS Centre Torfaen				3,953
Hope GB				6,645
Sharon Full Gospel Church				5,959
Age Connects Torfaen				6,132
Total number of institutions			8 (2021 - 7 institutions)	37,204
Voluntary Sector Recovery			Fund
Hope GB				6,000
Sharon Full Gospel Church				4,669
Pontynewydd Community		Association		278
Llantarnam Grange Arts	Centre			9,960
Total number of institutions		4 (2021 -21)		20,907
Winter Pressures Fund
Age Connects Torfaen				625
CoStar Partnership				250
Garnsychan Community	Trading			2,750
Hope GB				308
Womens Aid				1,480
Tasty Not Wasty				3,367
Torfaen Youth Service				2,000
The HwB Torfaen				2,040
Garndiffaith Lunch Club				400
Family Resource Centre				2,685
Bethlehem Church				2,500
Sharon Full Gospel Church				4,095
Torfaen Citizens Advice	Bureau			17,500
Total number of institutions		13(2021 - 0)		40,000

SUPPORT	COSTS
		Other	Staff	Governance
		costs	costs	costs	Totals
		F	6	8	F
General support services		556	7,419	4,685	12,660
Volunteering		1,065	14,243	8,997	24,305
Projects		44	593	375	1,012
Partnership	development	555	7,418	4,686	12,659
		2,220	29,673	18,743	50,636

2022	2021f
3,516	3,090

STAFF COSTS
			2022	2021
			F	6
Wages and salaries			226,229	211,100
Social security costs			16,751	14,859
Other pension costs			18,704	16,625
			261,684	242,584
The average monthly	number ofemployees	during the year was as follows:
			2022	2021
			9	9

		Unrestricted	Restricted	Total
		funds	funds	funds
		F		E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		321,499	352,463	673,962
Charitable activities
General support services		9,683		9,683
Projects		6,946		6,946
Other trading activities		12,378		12,378
Investment income		23		23
Total		350,529	352,463	702,992
EXPENDITURE ON
Charitable activities
General support services Volunteering		192,444 22,547	7,647	192,444 30,194
Projects		941	278,441	279,382
Partnership development		11,744	40,100	51,844
Total		227,676	326,188	553,864
NET INCOME		122,853	26,275	149,128
RECONCILIATION OF FUNDS
Total funds brought forward		107,977	7,758	115,735
TOTAL FUNDS CARRIED FORWARD		230,830	34,033	264,863

DEBTORS:A	MOUNT	S F	ALLING DUE WITHIN ONE YEAR
				2022	2021
				F
Trade debtors					11,758
Prepayments	and accrued		income	963	34,747
				963	46,505
CREDITORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2022	2021
				5	8
Trade creditors				964	27,076
Social security	and other taxes			299	11,241
Other creditors				73,441	48,700
Accruals and deferred		income		5,919	10,458
				80,623	97,475

Minimum	lease payments
		2022	2021
		8	8
Within one year		16,300	16,300
Between	one and five years	32,600	48,900
		48,900	65,200

MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
			At 1/4/21 8	in funds F	funds	31/3/22 f
Unrestricted	funds
General fund			230,830	34,555	(67)	265,318
Restricted funds
Youth Grant	Scheme		135	(135)
Integrated Care Fund - small		grants fund		396		396
Comic Relief	project awards		6,626	(6,626)
Coronavirus	Recovery grant for
volunteering			4,800	(4,800)
Voluntary Sector Recovery Fund			20,840	(20,907)	67
Torfaen Council COVID small		grants	1,632	(1,632)
TCV Awards				2,267		2,267
Connecting Torfaen, Opening		Doors		69,202		69,202
			34,033	37,765	67	71,865
TOTAL FUNDS			264,863	72,320		337,183

Net movement in funds, inclu	ded in the above are as f	ollows:
		Incoming	Resources	Movement
		resources 5	expended f	in funds
Unrestricted funds
General fund		251,739	(217,184)	34,555
Restricted funds
Youth Grant Scheme		6,650	(6,785)	(135)
Building Strong Bridges		40,100	(40,100)
Integrated Care Fund - small	grants fund	37,600	(37,204)	396
Comic Relief project awards			(6,626)	(6,626)
Coronavirus Recovery grant for
volunteering			(4,800)	(4,800)
Voluntary Sector Recovery Fund			(20,907)	(20,907)
Torfaen Council COVID small	grants		(1,632)	(1,632)
TCV Awards		9,950	(7,683)	2,267
Winter Pressures Fund		81,248	(81,248)
Connecting Torfaen, Opening	Doors	85,727	(16,525)	69,202
Health, Social Care and Wellbeing Co-
ordinator		42,839	~42,839)
		304,114	(266,334499)	37,765
TOTAL FUNDS		555,853	~483,533	72,320
Comparatives for movement	in funds
			Net
			movement	At
		At 1/4/20	in funds	31/3/21
		5	F	5
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

		2022f	2021f
INCOME AND ENDOWMENTS
Donations and legacies
Grants		486,577	673,962
Other trading activities
Secondment recovery		21,963
Event support income		10,013	150
Rental income		12,228	12,228
		44,204	12,378
Investment income
Deposit account interest			23
Charitable activities
Member services		14,762	9,683
Project administration	fees	7,422	6,946
		22,184	16,629
Other income
Other income		2,880
Total incoming resources		555,853	702,992
EXPENDITURE
Charitable activities
Wages		181,329	169,741
Social security		16,751	14,859
Pensions		18,704	16,625
Insurance		3,266	3,166
Telephone		3,325	3,636
Postage and stationery		386	751
Information and publications		1,131	1,406
Sundries		55	257
Other employment costs		2,832	2,762
Volunteers' costs			57
Building and services	costs	29,972	25,540
Meeting costs		657	279
Computer costs		13,188	15,714
Training and welfare			399
Repairs and maintenance		550	670
Travel and subsistence		579	407
Project costs		37,665	143,303
Professional fees		2,086	533
Grants to institutions		120,421	106,784
		432,897	506,889
Support costs
Other costs
Insurance		67	65
Canfed forward		67	65

		2022f	2021 F
Other costs
Brought forward		67	65
Telephone		175	191
Postage and	stationery	20	40
Building and	services costs	927	790
Meeting costs		57	24
Computer costs		550	655
Training and	welfare		21
Travel and subsistence		31	21
Bank charges		393	719
		2,220	2,526
Staff costs
Wages		29,673	27,377
Governance	costs
Wages Independent	Examiners fee	15,227 3,516	13,982 3,090
		18,743	17,072
Total resources	expended	483,533	553,864
Net income		72,320	149,128