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