| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 8 | |
| Independent Examiner's |
Report | |||
| Statement of Financial | Activities | |||
| EIalance Sheet | ||||
| Cash Flow Statement | 12 | |||
| Notes to the Cash Flow | Statement | 13 | ||
| Notes to the Financial Statements | 14 | to | 23 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f | f | f | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
3 | 218,219 | 186,977 | 405,196 | 486,577 | |
| Charitable activities |
||||||
| General support services | 14,214 | 14,214 | 14,762 | |||
| Projects | 2,080 | 4,994 | 7,074 | 7,422 | ||
| Other trading activities |
13,316 | 8,900 | 22,216 | 44,204 | ||
| Investment income |
145 | 145 | 8 | |||
| Other income | 2,880 | |||||
| Total | 247,974 | 200,871 | 448,845 | 555,853 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| General support services | 216,449 | 216,449 | 179,207 | |||
| Volunteering | 26,693 | 6,027 | 32,720 | 31,090 | ||
| Projects | 1,112 | 131,461 | 132,573 | 220,477 | ||
| Partnership development |
13,903 | 40,100 | 54003 | 52755 | ||
| Total | 258,157 | 177,588 | 435,745 | 483,533 | ||
| NET INCOME/(EXPENDITURE) | (10,183) | 23,283 | 13,100 | 72,320 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
265,318 | 71,865 | 337,183 | 264,863 | ||
| TOTAL FUNDS CARRIED FORWARD | 255.135 | 95,148 | 350,283 | 337,183 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | F. | f | |||
| CURRENT ASSETS | |||||
| Debtors | 15 | 3,347 | 47,500 | 50,847 | 963 |
| Cash at bank | 277 058 | 47 648 | 324,706 | 416!143 | |
| 280,405 | 95,148 | 375,553 | 417,806 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (25,270) | (25,270) | (80,623) | |
| NET CURRENT ASSETS | 255,135 | 95,148 | 350,283 | 337183 | |
| TOTAL ASSETS LESSCURRENT | LIABILITIES | 255,135 | 95,148 | 350,283 | 337,183 |
| NET ASSETS | 255,135 | 95,148 | 350283 | 337,183 | |
| FUNDS | 18 | ||||
| Unrestricted funds |
255,135 | 265,318 | |||
| Restricted funds | 95 148 | 71 865 | |||
| TOTAL FUNDS | 350,283 | 337,183 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | F | ||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
1 | ~92,282) | 101,002 | ||
| Net cash (used in)/provided | by | operating | activities | ~92282) | 101,002 |
| Cash flows from investing | activities | ||||
| Interest received | 145 | ||||
| Net cash provided by investing |
activities | 145 | |||
| Change in cash and cash |
equivalents | in | |||
| the reporting period |
(92,137) | 101,010 | |||
| Cash and cash equivalents | at | the | |||
| beginning ofthe reporting |
period | 416,843 | 315,833 | ||
| Cash and cash equivalents | at | the end | of | ||
| the reporting period |
324,706 | 418,843 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| F | |||||
| Net income | for the | reporting | period (as per the Statement of Financial | ||
| Activities) | 13,100 | 72,320 | |||
| Adjustments | for: | ||||
| Interest received | (145) | (8) | |||
| (Increase)/decrease | in debtors | (49,884) | 45,542 | ||
| Decrease in |
creditors | ~55.353 | ~16,852) | ||
| Net cash (used in)/provided | by operations | ~92,282) | 101,002 |
| 2. | ANALYSIS OF CHANGES | IN NET FUNDS | |||
|---|---|---|---|---|---|
| At 1/4/22 | Cash flow | At 31/3/23 | |||
| E | F | ||||
| Net cash | |||||
| Cash at bank | 416,843 | ~92,137) | 324,706 | ||
| 416,843 | ~92,137) | 324,706 | |||
| Total | 416,843 | 92,137 | 324 706 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| F | F. | |||||
| Grants | 405,196 | 486,577 | ||||
| Grants received, | included in the above, are as follows: |
|||||
| 2023 | 2022 | |||||
| F | ||||||
| Wales Council for Voluntary | Action | |||||
| Third Sector Major Grants - Core funding | 202,467 | 176,661 | ||||
| Youth Led grant | scheme | 6,650 | 6,650 | |||
| Winter Pressures | Fund | 81,248 | ||||
| Comic Relief Community Fund |
30,000 | |||||
| Torfaen County | Borough Council | |||||
| Core funding | 15,752 | 15,752 | ||||
| Connecting Torfaen (Via Welsh Government) |
22,727 | 22,727 | ||||
| Aneurin Bevan |
Health Board | |||||
| BSB- Building Strong Bridges |
40,100 | 40,100 | ||||
| Winter Pressures | - 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 | 40,000 | 37,600 | ||
| Integrated Care |
Fund - Winter | Pressures | 47,500 | |||
| 405,196 | 466,577 | |||||
| OTHER TRADING ACTIVITIES | ||||||
| 2023 | 2022 | |||||
| F | E | |||||
| Secondment recovery |
21,963 | |||||
| Event support income | 9,988 | 10,013 | ||||
| Rental income | 12,228 | 12,228 | ||||
| 22,216 | 44,204 | |||||
| INVESTMENT INCOME | ||||||
| 2023 | 2022 | |||||
| F | ||||||
| Deposit account | interest | 145 |
| INCOME | FROM | CHARIT | AB | LE | A | CTIVITIES | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| Activity | F | ||||||||||
| Member services | General support | services | 14,214 | 14,762 | |||||||
| Project administration fees |
Projects | 2,080 | 7,422 | ||||||||
| Local projects | Projects | 4,994 | |||||||||
| 21,288 | 22 184 | ||||||||||
| OTHER INCOME | |||||||||||
| 2023 | 2022 | ||||||||||
| E | F | ||||||||||
| Other income —consultancy | fees | 2,880 | |||||||||
| CHARITABLE ACTIVITIES COSTS | |||||||||||
| Grant | |||||||||||
| funding | of | ||||||||||
| activities | Support | ||||||||||
| Direct | (see note | costs (see | |||||||||
| Costs | 9) | note 10) | Totals | ||||||||
| F | F | F | |||||||||
| General support services | 202,546 | 13,903 | 216,449 | ||||||||
| Volunteering | 1,000 | 5,027 | 26,693 | 32,720 | |||||||
| Projects | 54,696 | 76,765 | 1,112 | 132,573 | |||||||
| Partnership | development | 40,100 | 13,903 | 54,003 | |||||||
| 298,342 | 81,792 | 55,811 | 435,745 | ||||||||
| GRANTS PAYABLE | |||||||||||
| 2023 | 2022 | ||||||||||
| F | F | ||||||||||
| Volunteering | 5,027 | 5,400 | |||||||||
| Projects | 76,765 | 115,021 | |||||||||
| 81,792 | 120,421 | ||||||||||
| The volunteering | grants were paid | out to 3 (2022 - 3) different | youth groups | based | within the Torfaen |
area. T | |||||
| grants ranged between F800 | and F2,227. | ||||||||||
| The project | grants | were paid | out | across a number | ofprojects as | follows: | |||||
| 2023f | |||||||||||
| WCVA Comic Relief Community | Fund | ||||||||||
| New Inn Junior 8 | Youth AFC | 9,980 | |||||||||
| Blaenavon | Youth | Strategy | 9,360 | ||||||||
| Hope Ministries | 8,125 | ||||||||||
| 27,465 | |||||||||||
| This is new | grant | funding | for 2023 | ||||||||
| Integrated | Care fund projects | ||||||||||
| Able Radio | 16,600 | ||||||||||
| High Street | Fitness | 9,776 | |||||||||
| Sharon Full |
Gospel Church | 7,398 | |||||||||
| Parkinson's | UK | 4,211 | |||||||||
| Total number of institutions |
4 | (2022:8 institutions | -F37,204) | 37,985 |
| GRANTS PAYABLE - c | on | tinued | |||
|---|---|---|---|---|---|
| 2023f | |||||
| Connecting Torfaen - Opening |
Doors | ||||
| Pontnewydd Community |
Association | 2,500 | |||
| Thornhill 4 U 2 | 2,496 | ||||
| Garnsychan Partnership |
2,400 | ||||
| CoStar | 2,169 | ||||
| Fairhill Methodist Church |
1,750 | ||||
| Total number of institutions | 5(2022:5 institutions | -f10,284) | 11.315 |
| 14. | COMPARATIVES FOR |
THE ST | ATEMENT OF FINANCIAL ACT | IVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
192,413 | 294,164 | 486,577 | |||
| Charitable activities |
||||||
| General support services | 14,762 | 14,762 | ||||
| Projects | 7,422 | 7,422 | ||||
| Other trading activities |
34,254 | 9,950 | 44,204 | |||
| Investment income |
8 | 8 | ||||
| Other income | 2,880 | 2,880 | ||||
| Total | 251,739 | 304 114 | 555853 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| General support services | 179,207 | 179,207 | ||||
| Volunteering | 24,305 | 6,785 | 31,090 | |||
| Projects | 1,013 | 219,464 | 220,477 | |||
| Partnership development |
12655 | 40,100 | 52,759 | |||
| Total | 217,184 | 266,349 | 483,533 | |||
| NET INCOME Transfers between funds |
34,555 ~67) |
37,765 67 |
72,320 | |||
| Net movement in funds |
34,488 | 37,832 | 72,320 | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
230,830 | 34,033 | 264,863 | |||
| TOTAL FUNDS CARRIED FORWARD | 265,318 | 71,865 | 337,183 | |||
| 15. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||||
| F | ||||||
| Trade debtors | 2,358 | |||||
| Prepayments and accrued income |
48,489 | 963 | ||||
| 50,847 | 963 |
| CREDITORS: AMOU | NTS FALLING DUE WITHIN ONE Y |
EAR | |
|---|---|---|---|
| 2023 | 2022 | ||
| F | F | ||
| Trade creditors | 975 | 964 | |
| Social security and other taxes | 285 | 299 | |
| Other creditors | 18,624 | 73,441 | |
| Accruals and deferred | income | 5,386 | 5,919 |
| 25,270 | 80,623 |
| Minimum lease payments under non-cancellable operating |
leases fall due as follows: | |
|---|---|---|
| 2023 | 2022 | |
| f | ||
| Within one year | 16,300 | 16,300 |
| Between one and five years | 16,300 | 32,600 |
| 32,600 | 48,900 |
| MOVEMENT | IN FUND | S | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1/4/22 | in funds | 31/3/23 | ||||
| f. | F | F | ||||
| Unrestricted | funds | |||||
| General fund |
265,318 | (10,183) | 255,135 | |||
| Restricted funds | ||||||
| Youth Grant | Scheme | 623 | 623 | |||
| Integrated Care Fund - |
small grants fund | 396 | 39,615 | 40,011 | ||
| TCV Awards | 2,267 | (924) | 1,343 | |||
| Connecting Torfaen, Opening |
Doors | 69,202 | (18,566) | 50,636 | ||
| Comic Relief | Community | Fund | 2 535 | 2,535 | ||
| 71,865 | 23,283 | 95 148 | ||||
| TOTAL FUNDS | 337,183 | 13,100 | 350,283 |
| Net movement in funds, |
inc | lud | ed in |
the above | are as foll | ows: | |||
|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||||||
| resources f |
expended | in funds f |
|||||||
| Unrestricted funds |
|||||||||
| General fund |
247,974 | (258,157) | (10,183) | ||||||
| Restricted funds | |||||||||
| Youth Grant Scheme | 6,650 | (6,027) | 623 | ||||||
| Building Strong Bridges | 40,100 | (40,100) | |||||||
| Integrated Care Fund - |
small grants | fund | 87,500 | (47,885) | 39,615 | ||||
| TCV Awards | 8,900 | (9,824) | (924) | ||||||
| Connecting Torfaen, Opening |
Doors | 27,721 | (46,287) | (18,566) | |||||
| Comic Relief Community | Fund | 30,000 | ~27,465) | 2 535 | |||||
| 200,871 | )177.588) | 23,283 | |||||||
| TOTAL FUNDS | 448,845 | ~435.745) | 13,100 | ||||||
| Comparatives for movement |
in funds | ||||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1/4/21 | in funds | funds | 31/3/22 | ||||||
| f | f | 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 | 68 202 | 69,202 | ||||||
| 34,033 | 37,765 | 67 | 71,865 | ||||||
| TOTAL FUNDS | 264,863 | 72,320 | 337,183 |