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2023-03-31-accounts

Strategic	Report
Trustees'	Report		2 to 7
Independent Examiner's		Report
Statement	ofFinancial	Activities
Balance	Sheet			IO
Notes to	the Financial	Statements	11	to 21

Financial review
principal fuudiug sources
CoStar acknowledges with thanks	funding		granted	by the	following	organisations:
Torfaen County Borough Council
The Henry Smith Charity
The National Lottery Community	Fund
Cwmbran Community Council
Neighbourly
Torfaen Voluntary Alliance
Garfield Weston
CoStar is pleased to work in partnership		with the		following	organisations:
FareShare
Gateway Credit Union
Bron Afon Social Housing
Gwent Police
Local Supermarkets Tesco, ASDA, Sainsburys				and Morrisons
Coleg Gwent
Community RePaint
Torfaen Voluntary Alliance
Torfaen County Borough Council
Torfaen Play Service
Torfaen Young Peoples Support	Service
Fairhill Methodist Church
Keep Wales Tidy
Neighbourly
Tasty Not Wasty
Greenmeadow Primary School
Coed Eva Primary School
Gwent Drug and Alcohol Service
Platfform Housing Support
Citizens Advice Torfaen

				Unrestricted	Restricted	Total
			Note	funds f	fundsf	2023 f
Income and Endowments		from:
Donations and legacies				96,217	25,630	121,847
Investment income					427	427
Other income				7,589		7,589
Total income				103,806	26,057	129,863
Expenditure on:
Charitable activities				(107,718)	(57,188)	(164,906)
Total expenditure				(107,718)	(57,188)	(164,906)
Net expenditure				(3,912)	(31,131)	(35,043)
Net movement in funds				(3,912)	(31,131)	(35,043)
Reconciliation offunds
Total funds brought	forward			46,410	97,261	143,671
Total funds carried	forward		15	42,498	66,130	108,628
				Unrestricted	Restricted	Total
			Note	funds	fundsf	2022
Income and Endowments		from:
Donations and legacies				11,719	136,209	147,928
lnvestmcnt income					14	14
Total income				11,719	136,223	147,942
Expenditure on:
Charitable activities				(5,901)	(128,746)	(134,647)
Total expenditure				(5,901)	(128,746)	(134,647)
Net income				5,818	7,477	13,295
Net movement in funds				5,818	7,477	13,295
Reconciliation offunds
Total funds brought	forward			40,592	89,784	130,376
Total funds carried	forward		15	46,410	97,261	143,671

		Balance Sheet as at	31March 2023
				2023	2022
			Note	8
Fixed assets
Tangible assets			12	38,495	40,937
Current assets
Debtors			13	3,315	283
Cash at bank	and in hand			71,194	107,373
				74,509	107,656
Creditors: Amounts		falling due within one year	14	(4,376)	(4,922)
Net current	assets			70,133	102,734
Net assets				108,628	143,671
Funds ofthe	charity:
Restricted income funds
Restricted funds				66,130	97,261
Unrestricted	income	funds
Unrestricted	funds			42,498	46,410
Total funds			15	108,628	143,671

Asset class	Depreciation	method	and rate
Leasehold improvements	10%reducing	balance
Motor vehicles	25%reducing	balance
Fixtures and fittings	25%reducing	balance

						Unrestricted
						funds	Restricted	Total	Total
						General f	fundsf	2023	2022f
Donations		and		legacies;
	Donations		from		individuals	1,158		1,158	11,719
Grants, including					capital grants;
	Government			grants		30,889		30,889	31,689
	Donations		from		community
	groups					64,170	25,630	89,800	104,520
						96,217	25,630	121,847	147,928
4	Investment			income
							Restricted	Total	Total
							funds	2023f	2022 g
Interest receivable					and similar income;
	Interest	receivable on bank deposits					427	427	14
5	Other	income
								Unrestricted
								funds	Total
								General	2023
								f	K
Rental income								7,589	7,589

6 Expendit	ure on c	haritable acti	vities
			Unrestricted
					Total	Total
		Note	General f	Restricted	2023f	2022 g
Direct project
expenditure			20,801	50,465	71,266	48,414
Depreciation,
amortisation	and
other similar	costs		5,571		5,571	5,901
Staffcosts			81,346	2,956	84,302	76,702
Allocated support
costs				1,599	1,599	1,462
Governance	costs			2,168	2,168	2,168
			107,718	57,188	164,906	134,647

					Restricted	Total	Total
					funds	2023	2022
			Basis	ofallocation		f
Payroll			A		600	600	360
Other	support	costs			999	999	1,102
					1,599	1,599	1,462

						Restricted	Total	Total
						fundsf	2023	2022f
Independent		examiner	fees
	Examination ofthe financial				statements	2,168	2,168	2,168
						2,168	2,168	2,168
8	Net incoming/outgoing			resources
Net (outgoing)/incoming				resources for the year include:
							2023	2022
D	epreciation	offixed assets					5,571	5,901

The aggregate payr	oll costs were as follows:
		2023		2022
Staffcosts during	the year were:
Wages and salaries		81,346		73,763
Social security costs			352	749
Pension costs		2,	107	2,080
Other staff costs			497	110
		84,302		76,702

2023	2022
No	No

12 Tangible fixed assets
	Land	and	Furniture	and
	buildings f		equipment		Motor vehicles f	Total
Cost
At I April 2022	78,186		26,522		1,600	106,308
Additions				3,129		3,129
At 31 March 2023	78,186		29,651		1,600	109,437
Depreciation
At I April 2022	43,337		20,434		1,600	65,371
Charge for the year		3,485		2,086		5,571
At 31 March 2023	46,822		22,520		1,600	70,942
Net book value
At 31 March 2023		31,364		7,131		38,495
At 31 March 2022		34,849		6,088		40,937

13 Debtors
			2023	2022
Trade debtors			255
Prepayments			2,218	283
Other debtors			842
			3,315	283
14 Creditors:	amounts	falling due within one year
			2023	2022
Trade creditors			2,012	3,247
Other taxation	and social	security	689
Accruals			1,675	1,675
			4,376	4,922

15 Funds
							Balance at
			Balance at I	Incoming	Resources		31 March
			April 2022 f	resources	expended f	Transfers f	2023 f
Unrestricted funds
General
General Fund			11,905	52,595	(54,420)		10,080
Designated
Designated Buildings		Fund	33,184		(5,571)		27,613
Salary ofAssistant	Manager		1,081	5,445	(7,278)	752
Salary ofManager				45,445	(40,451)	(752)	4,242
Staff Savings			240	321			561
			34,505	51,211	(53,300)		32,416
Total unrestricted	funds		46,410	103,806	(107,720)		42,496
Restricted funds
Restricted Grants	Fund		34,798				34,798
Henry Smith			15,593	15,200	(27,618)		3,175
Lottery Community			10,870	250	(7,148)		3,972
Moondance Fund			36,000		(15,591)		20,409
Food4Growth				6, 198	(6,006)		192
Opening Doors				2,169	(825)		1,344
Period Dignity Grant				1,000			1,000
Warm Hubs Grant				1,240			1,240
Total restricted funds			97,261	26,057	(57,188)		66,130
Total funds			143,671	129,863	(164,908)		108,626

							Balance at
			Balance at I	Incoming	Resources		31March
			April 2021 f	resources f	expended f	Transfers f	2022
Unrestricted funds
General
General Fund			1,507	11,719		(1,321)	11,905
Designated
Designated Buildings		Fund	39,085		(5,901)		33,184
Salary ofAssistant	Manager					1,081	1,081
Staff Savings						240	240
			39,085		(5,901)	1,321	34,505
Total unrestricted	funds		40,592	11,719	(5,901)		46,410
Restricted
Restricted Grants	Fund		89,784	136,223	(128,746)	(62,463)	34,798
Henry Smith						15,593	15,593
Lottery Community						10,870	10,870
Moondance Fund						36,000	36,000
Total restricted funds			89,784	136,223	(128,746)		97,261
Total funds			130,376	147,942	(134,647)		143,671

	Notes to the Fin	ancial Statements for	the Year End	ed 31March 2	023
					Total funds at
		Unrestricted	funds	Restricted	31 March
		General	Designated	fundsf	2022
Tangible	fixed assets	7,753	33,184		40,937
Current	assets	4,152	1,321	102,183	107,656
Current	liabilities			(4,922)	(4,922)
Total net assets		11,905	34,505	97,261	143,671