**REGISTERED COMPANY NUMBER: 04818136 (England and Wales) REGISTERED CHARITY NUMBER: 1102449**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
**FOR**
## **WELSH REFUGEE COUNCIL**
Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
**WELSH REFUGEE COUNCIL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|6|
|**Report of the Independent Auditors**|7|to|10|
|**Statement of Financial Activities**||11||
|**Balance Sheet**||12||
|**Cash Flow Statement**||13||
|**Notes to the Cash Flow Statement**||14||
|**Notes to the Financial Statements**|15|to|30|
|**Detailed Statement of Financial Activities**|31|to|32|
**WELSH REFUGEE COUNCIL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
## **Vision**
"A Wales where refugees are welcomed and respected with access to protection, safety and dignity"
## **Mission**
"To improve the lives of asylum seekers and refugees in Wales through delivering specialist support and influencing policy and practice"
## **Values**
We are and remain an independent charity and speak out with authority when, our service users' rights are being violated or not met.
1.We champion human rights, equality, and diversity
2.We empower and promote the voices of asylum seekers and refugees
3.We are a strong, independent voice that demonstrates leadership, builds capacity, and works collaboratively
4.We exemplify organisational excellence in service delivery, staff development and governance.
## **Public benefit**
The Trustees have considered the Charity Commission's guidance public benefit and have reviewed the Board's activities to consider the charitable activities of the Board to ensure that they provide benefit to the public. In shaping our objectives for the year and planning our activities the Trustees always ensure that the programmes we undertake are in line with our main charitable objects.
Page 1
**WELSH REFUGEE COUNCIL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **STRATEGIC REPORT**
## **Achievement and performance**
It was a year where we developed new ways of giving support to asylum seekers and refugees as Wales emerged from the Covid pandemic, delivering 5,700 sessions to clients speaking over 40 different languages and from 50 different nationalities. Our caseworkers provided both emotional and practical support with asylum seekers' applications and appeals to the Home Office.
Their work is ongoing and tireless, and I would like to give a special thanks to caseworkers for all that they do.
Our Annual Accounts has shown that our income has grown significantly to £1,627,719, with important contributions from Welsh Government grants and vital project funding from 20 charitable foundations and companies. This strong financial position is a tribute to the hard and very expert fundraising efforts and I would like to thank all involved.
The growing support and funding entrusted to the Welsh Refugee Council shows their recognition of the effectiveness of our organisation and our reputation for delivering and exceeding targets. We are known for our expertise in providing specialised advice, our understanding of the needs of asylum seekers and refugees, our collaborations with partners and leading role in the sector.
I am pleased to report that the Welsh Government awarded five-year funding for the WRC's Sanctuary Seeker's project with a budget of £355,000 a year. We were also able to respond quickly to the opportunity to provide free bus and rail tickets for asylum seekers through a £250,000 grant from Welsh Government, running a 3-month pilot in partnership with Oasis and EYST to deliver the project across the dispersal areas.
In Autumn 2021 we joined forces with England and Scottish Refugee Councils, to apply to the Times Christmas Appeal, resulting in £104,000 unrestricted income for WRC, as well as an improved profile.
This last year we have focussed on evolving our process's' further, to ensure we are continuing to be effective and make maximum use of all our resources. I would like to recognise the exceptional contribution that Andrea Cleaver's leadership has made to the charity's progress, together with the commitment of our Senior Management Team, active participation of staff and volunteers and strategic direction from trustees.
I was delighted to see we were awarded the nationally recognised Trusted Charity quality mark following an extensive external audit of our policies, management practice and governance. This is a significant achievement and we would like to thank all staff and volunteers for their dedication and active participation.
The Welsh Refugee Council is a very diverse organisation, benefiting from the experience and language skills of many people with lived experience of forced migration. We promote the principles of refugee integration and empowerment in all our work, providing enhanced English language support, training and peer support. One important development has been the Education and Employability Project, which, together with ESOL are key to long term integration. Our approach across all our projects has been developed by an understanding of psychologically informed environments, and the impact of trauma.
We are committed to involving refugees and asylum seekers in the design and operation of our services and are actively recruiting people with lived experience to the Board. We continued to work closely with BAWSO and Race Council Cymru to launch and deliver the Global Majority Fund giving out grants to Black, Asian, and Ethnic Communities across Wales. We listened to the needs of community groups and provided a programme of support to empower charity leaders.
It has been a year where we have been more assertive in our messaging, reaching many more people than ever before in social media and through our workshops raising awareness of Hate Crime.
Central to our work is the vision that sees asylum seekers as our potential future citizens, contributing to Wales, being able to rebuild their lives, learn new languages, live freely with family and community, and find employment. I'm proud to know that the Welsh Refugee Council has played a leading role in giving practical effect to this vision.
Every year we meet and advise many hundreds of people, who are facing challenges in housing, finance, health, education and finding work. At these moments of crisis, the Welsh Refugee Council has been there for them. This is what we are here to do. And we are more committed than ever to use our collective strength and experience, the funding we have been given and the charity's sense of purpose and continue to play this central role in Wales.
Page 2
**WELSH REFUGEE COUNCIL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **STRATEGIC REPORT Financial review**
## **Financial position**
Incoming resources during 2021/22 amounted to £1,627,719 compared to £1,346,632 in 2020/21.
Resources expended increased to £1,384,744 in 2021/22 from £1,083,738 in 2020/21. This year saw a surplus of £242,975.
Bringing the total charity unrestricted reserves to a balance of £498,251 as at 31st March 2022.
## **Reserves policy**
The Trustees have reviewed the charity's needs for reserves in line with guidance by the Charity Commission and the Trustees have set the charity a provisional medium-term goal of increasing its freereserves to a level, which is sufficient to meet three month's expenditure. This will allow the strength of the charity and allow us to deal effectively with variable futures, which we are currently predicting, using scenario planning approaches. The present level of reserves is near to target and much depends on whether the charity can continue to secure public sector funding and additional income from other sources.
The charity services are in high demand, and it is important that fundraising and stewardship continue to be able to flex and adapt to emerging needs.
At the year end, the charity has accumulated unrestricted reserves of £498,251.
Designated funds comprise those funds which the Welsh Refugee Council may at its discretion set aside funds for specific purposes which would otherwise form part of the general unrestricted reserves.
The Trustees have specifically designated the funds held as a payroll deposit of £29,000 with their payroll providers. An amount of £34,421 from Oak discretionary payment is designated to an office refurbishment.
An amount of £25,233 from the Sunday Times donation and £62,651 are designated to essential recruitment in future financial years.
## **Financial and risk management objectives and policies**
The trustees have overall responsibility for ensuring that appropriate systems of control, financial andotherwise, exist. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Our Strategic Plan has allowed us to deepen our use of Risk Management focussing on both operational and Strategic risks. Risk register is discussed at relevant Senior Management Team Meetings and board meetings.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Welsh Refugee Council is a charitable company limited by guarantee, incorporated on 2 July 2003 with a memorandum and articles of association, which were amended on 1 October 2004, 18 February 2005, 6 April 2005, 27 January 2010, 20 January 2016 and 30 March 2017. Prior to incorporation the Council had operated through a non-incorporated charitable association.
The Trustees consider that The Welsh Refugee Council has adequate resources to continue in business for the foreseeable future, and that, for this reason it should continue to adopt the going concern basis in preparing the accounts.
Page 3
**WELSH REFUGEE COUNCIL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
The Board maintains broad representation across a wide range of disciplines and skills. In 2012/13 the Trustee Board reviewed its processes for application to the Trustee Board and these were adopted at the 2013 Annual General Meeting. All Trustees are appointed on a three yearly basis and a third of Trustees are appointed at each AGM.
All members are given advance notice of who is standing for appointment or reappointment at an AGM, along with any relevant information. Outside of an AGM, the trustees can appoint a person to be a trustee either to fill a vacancy or as an additional trustee (in this case the person can only hold office until the next AGM and must stand down, if he or she is not appointed at that AGM). This is done to maintain the diverse skills within the Board of Trustees. All officers e.g. Chair, Vice Chair and Treasurer are elected for a period of one year at the first board meeting after the AGM.
All trustees, as well as attending the regular Board Meetings 6 times a year, also attend a Strategic Away Day which sets strategic priorities for the organisation for the following year. No Trustees receive any financial or other benefits for their role as Trustees.
## **Trustee Governance**
Any new Trustee is interviewed and visits the organisation prior to, their formal agreement to be a Trustee and they receive induction including a range of background information on the charity and see the provision of its key services. All Trustees sign "the Seven Principles of Public Life. Trustees are asked to declare any conflict of interest at the start of every meeting and recorded in the minutes. All Trustees are familiar with the Charity Commission guidance 'the essential trustee'. The board of trustees reviewed different competencies and skills related to the governance of the organisation using Trusted Charity framework to drive forward this quality agenda and this approach will be of increasing importance over the next few years. In 2010/11 the Trustee Board set up two sub-committees of the Board (1) Finance and Resources and (2) a Strategic Committee. Both meet on a two to three monthly basis.
The organisation maintains a membership register which is updated regularly. Any application formembership is considered by the Trustees.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
04818136 (England and Wales)
## **Registered Charity number**
1102449
## **Registered office**
120 - 122 Broadway Cardiff CF24 1NJ
Page 4
**WELSH REFUGEE COUNCIL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **Trustees**
O Burgess Dr M Chick M Field (resigned 18.8.22) Dr B Gibbons (resigned 5.7.22) H Iles G Jones C Mckeag N Morgan J Morgan T Moyo (resigned 1.2.22) B Richards S A Simons (resigned 5.7.22) H Osman (appointed 5.7.22) M Tilley (appointed 22.9.22) H Ameen (appointed 22.9.22) S Bera (appointed 23.11.22)
**Company Secretary** A Cleaver
## **Senior Statutory Auditor**
Alison Vickers
## **Auditors**
Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
## **Bankers**
NatWest Bank, 227 Cowbridge Road East, Cardiff CF5 1WX.
## **Solicitors**
Darwin Gray Solicitors, Helmont House, Churchill Way, Cardiff, CF10 2HE.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Welsh Refugee Council for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Page 5
**WELSH REFUGEE COUNCIL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Bevan Buckland LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:
.......................................................................... N Morgan - Trustee
Page 6
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL**
## **Opinion**
We have audited the financial statements of Welsh Refugee Council (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 7
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 8
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
## **Extent to which the audit was considered capable of detecting irregularities, including fraud.**
We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.
## **Identifying and assessing potential risks related to irregularities.**
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- enquiring of management, including obtaining and reviewing supporting documentation, the charitable company's policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of
- non-compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
- discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators of fraud.
- obtaining an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of the charitable company, The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.
## **Audit response to risks identified**
In addition to the above, our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;
- enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify
- any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and
- other adjustments;
- assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and
- evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
Page 9
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL**
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Alison Vickers (Senior Statutory Auditor) for and on behalf of Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: .............................................
Page 10
## **WELSH REFUGEE COUNCIL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
Refugee & Asylum Assistance
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
6
Refugee & Asylum Assistance
**NET INCOME**
**Transfers between funds**
16
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
132,524
77,910
4,022
64
42,106
256,626
131,078
125,548
10,022
135,570
362,681
498,251|Restricted
funds
£
29,147
1,289,861
-
-
52,085
1,371,093
1,253,666
117,427
(10,022)
107,405
268,143
375,548|2022
Total
funds
£
161,671
1,367,771
4,022
64
94,191
1,627,719
1,384,744
242,975
-
242,975
630,824
873,799|2021
Total
funds
£
26,359
1,207,380
3,980
159
108,754|
|---|---|---|---|---|
|||||1,346,632|
|||||1,083,738
262,894
-|
|||||262,894
367,930|
|||||630,824|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 11
## **WELSH REFUGEE COUNCIL**
## **BALANCE SHEET 31 MARCH 2022**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
-
39,315
694,237
733,552
(235,301)
498,251
498,251
498,251|Restricted
funds
£
7,970
254,816
112,762
367,578
-
367,578
375,548
375,548|2022
Total
funds
£
7,970
294,131
806,999
1,101,130
(235,301)
865,829
873,799
873,799
498,251
375,548
873,799|2021
Total
funds
£
14,515
118,643
579,138|
|---|---|---|---|---|
|||||697,781
(81,472)|
|||||616,309|
|||||630,824|
|||||630,824|
|||||362,681
268,143|
|||||630,824|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N Morgan - Trustee
............................................. H Iles - Trustee
The notes form part of these financial statements
Page 12
## **WELSH REFUGEE COUNCIL**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2022
£
227,861
227,861
-
-
227,861
579,138
806,999|2021
£
210,549
210,549
(2,021)
(2,021)
208,528
370,610
579,138|
|---|---|---|
The notes form part of these financial statements
Page 13
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022**
|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
2022
£
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
242,975
**Adjustments for:**
Depreciation charges
6,545
(Increase)/decrease in debtors
(175,488)
Increase/(decrease) in creditors
153,829
**Net cash provided by operations**
227,861|2021
£
262,894
14,023
67,826
(134,194)|
|---|---|
||210,549|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.4.21|Cash flow|At 31.3.22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|579,138|227,861|806,999|
||579,138|227,861|806,999|
|**Total**|579,138|227,861|806,999|
The notes form part of these financial statements
Page 14
**WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from Government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
All income received by the Charity is used to deliver its primary objective being refugee related support.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **Donations**
Voluntary income is received by way of donation and is included in full in the Income and Expenditure account when received.
## **Rental income**
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Charitable Activities**
Charitable expenditure comprises those costs associated with the expenditure on charitable activities included the cost of pre status, refugee status and influencing policy and campaigning activities undertaken to further the purposes of the charity and their associated support costs for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Other Expenditure**
All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which was incurred.
## **Support Costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.
Page 15
continued...
**WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
## **Donated Services and Facilities**
Donated professional services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), the general volunteer time is not recognised and refer to the trustees' annual report for more information about their contribution.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost Fixtures and fittings - 10% on cost Computer equipment - 25% on cost
Where the capital expenditure is less than £1,000 the charity, has adopted the policy to charge the SOFA the cost of the assets purchased. All items over £1,000 are capitalised and depreciated over their useful economic life.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Designated funds comprise those funds which the Welsh Refugee Council may at its discretion set aside funds for specific purposes which would otherwise form part of the general unrestricted reserves. The Trustees have specifically designated the funds held as a payroll deposit of £29,000 with their payroll providers. An amount of £34,421 from Oak discretionary payment is designated to an office refurbishment. An amount of £25,233 from the Sunday Times donation and £62,651 are designated to essential recruitment in future financial years.
The designation reflects the intentions as to the future application of funds as at the balance sheet date and do not reflect an external transactions or present obligation to a third party.
The reserves are nominated free reserves.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Preparation of the accounts on a going concern basis**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Cash at bank and in hand**
Page 16
continued...
**WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES - continued**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Functional and Presentation Currency**
The company's functional and presentation currency is pounds sterling.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Deferred Income**
Deferred income represents invoices raised in the year for grants relating to future periods.
## **Employee Benefits**
The costs of short term employee benefits are recongnised as a liability and an expense, unless these costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **Basic financial assets**
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
## **Basic financial liabilities**
Basic financial liabilities, including bank loans, trade and other payables are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
## **Significant management judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results in the future may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.
## **Company Status**
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.
Page 17
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **2. DONATIONS AND LEGACIES**
|Donations
Subscriptions
**3.**
**OTHER TRADING ACTIVITIES**
Rental Income
**4.**
**INVESTMENT INCOME**
Interest Received
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Grants
Refugee & Asylum Assistance
Grants received, included in the above, are as follows:
Welsh Government
Comic Relief
BBC Children in need
AB Charitable Trust
The National Lottery Community Fund
Lloyds Bank Foundation
Oak Foundation
Refugee Action
Community Foundation in Wales
Migration Exchange
Screwfix
National Emergency Trust
WCVA Third Sector Partnership Scheme
Award for All
Postcode Lottery
Race Council Cymru
Moondance Foundation
WCVA Covid
Gwent TNLCF
CAF Project
DWP Kickstart
Garfield Weston
IKEA|2022
£
161,631
40
161,671
2022
£
4,022
2022
£
64
2022
£
1,367,771
2022
£
673,025
17,515
31,942
20,000
139,689
25,000
100,854
20,975
-
-
-
40,385
54,052
-
18,896
10,000
25,000
5,409
1,167
124,298
10,564
34,000
15,000
1,367,771|2021
£
26,219
140
26,359
2021
£
3,980
2021
£
159
2021
£
1,207,380|2021
£
26,219
140|
|---|---|---|---|
||||26,359|
|||2021
£
541,665
78,533
31,646
-
199,851
20,011
146,031
22,558
15,000
45,000
5,000
60,385
-
9,882
-
-
13,306
18,512
-
-
-
-
-||
|||1,207,380||
Page 18
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **6. CHARITABLE ACTIVITIES COSTS**
|Direct
Costs
£
Refugee & Asylum Assistance
1,156,410
**7.**
**SUPPORT COSTS**
Management
Finance
£
£
Refugee & Asylum Assistance
221,781
444
**8.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
**9.**
**TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March
31 March 2021.
**Trustees' expenses**
Trustees' expenses
**10.**
**STAFF COSTS**
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Direct Charitable Expenditure
Administration||Support
costs (see
note 7)
Totals
£
£
228,334
1,384,744
Support
costs
Totals
£
£
6,109
228,334
2022
2021
£
£
6,545
14,023
2022 nor for the year ended
2022
2021
£
£
150
38
2022
2021
£
£
837,808
755,986
57,336
53,711
32,430
29,476
927,574
839,173
2022
2021
34
30
1
1
35
31|
|---|---|---|
||||
||||
||||
No employees received emoluments in excess of £60,000.
Page 19
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Refugee & Asylum Assistance
Other trading activities
Investment income
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Refugee & Asylum Assistance
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**12.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2021 and 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021|Plant and
machinery
£
62,758
55,681
976
56,657
6,101
7,077||Unrestricted
funds
£
5,352
83,500
3,980
159
108,754
201,745
100,600
101,145
261,536
362,681
Fixtures
and
fittings
£
42,955
42,955
-
42,955
-
-||Restricted
funds
£
21,007
1,123,880
-
-
-
1,144,887
983,138
161,749
106,394
268,143
Computer
equipment
£
135,366
127,928
5,569
133,497
1,869
7,438||Total
funds
£
26,359
1,207,380
3,980
159
108,754|
|---|---|---|---|---|---|---|---|
||||||||1,346,632|
||||||||1,083,738
262,894
367,930|
||||||||630,824|
||||||||Totals
£
241,079
226,564
6,545
233,109
7,970
14,515|
Page 20
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||
|---|---|
|Trade debtors
Other debtors
Prepayments
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
VAT
Other creditors
Accrued expenses
**15.**
**LEASING AGREEMENTS**
The amounts payable in respect of operating leases shown below are analysed according
Committed to be paid:
Expiring within one year
Expiring more than one year|2022
2021
£
£
12,706
18,265
275,244
97,936
6,181
2,442
294,131
118,643
2022
2021
£
£
153,887
33,137
25,907
23,392
6,029
1,408
49,478
23,535
235,301
81,472
to the expiry of the leases;|
||**2022**
**2021**|
||**£**
**£**|
|||
||24,800
24,800|
||12,000|
Page 21
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated
Fund
Migration Exchange Designated Fund
RCT Syrian Project
Fundraising Manager Designated Fund
Funds Held as Payroll Deposit
Garfield Weston
WCVA 2021/22
IKEA
AB Charitable Trust
2022/23 Essential Posts Designated Fund
2023/24 Essential Posts Designated Fund
**Restricted funds**
WG Housing Development Officer Grant
WG Move on Project Grant
Hardship Fund Activities Donations
The Big Lottery Grant (People and Places)
The Big Lottery Capital Costs
Waterloo Project
BBC Children in Need III
Comic Relief II
Lloyds Bank Foundation
WG ARP Project
People Post Code
WG Hate Crime
Clothworkers Foundation
RCT Syrian Project
Oak Foundation
Refugee Action
Community Foundation in Wales
Screwfix
National Emergency Trust
WCVA Covid
Award for All
Moondance Foundation
Race Council Cymru
Newport Rent Donations
Gwent TNLFC
CAF Project
DWP Kickstart
WCVA 2021/22
BBC Children in Need IV
Moondance Community Organising
General fund|At 1.4.21
£
224,121
2,151
3,501
35,672
41,202
2,034
25,000
29,000
-
-
-
-
-
-
362,681
1,109
-
19,789
67,518
23,134
384
3,310
4,437
553
33,514
-
6,580
2,330
4,124
39,879
12,784
674
5,000
14,429
2,980
1,259
13,306
8,533
2,517
-
-
-
-
-
-
-
268,143|Net
movement
in funds
£
103,307
4,777
-
(1,251)
(41,202)
-
-
-
26,304
5,409
15,000
13,204
-
-
125,548
(1,109)
298
1,275
9,781
-
(384)
-
(4,437)
1,050
(33,514)
17,951
(1,096)
-
5,898
573
3,251
(674)
-
(3,132)
(2,980)
(1,259)
(4,855)
(3,044)
3,717
1,167
96,309
2,205
8,110
(3,310)
14,086
11,550
117,427|Transfers
between
funds
£
(59,383)
-
(3,501)
-
-
10,022
(25,000)
-
-
-
-
-
25,233
62,651
10,022
-
-
-
-
-
-
(3,310)
-
-
-
-
-
-
(10,022)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,310
-
-
(10,022)|At
31.3.22
£
268,045
6,928
-
34,421
-
12,056
-
29,000
26,304
5,409
15,000
13,204
25,233
62,651|
|---|---|---|---|---|
|||||498,251
-
298
21,064
77,299
23,134
-
-
-
1,603
-
17,951
5,484
2,330
-
40,452
16,035
-
5,000
11,297
-
-
8,451
5,489
6,234
1,167
96,309
2,205
8,110
-
14,086
11,550|
|||||375,548|
Page 22
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**16.**
**MOVEMENT IN FUNDS - continued**
**TOTAL FUNDS**
630,824
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated
Fund
Migration Exchange Designated Fund
Garfield Weston
WCVA 2021/22
IKEA
AB Charitable Trust
**Restricted funds**
WG Housing Development Officer Grant
WG Move on Project Grant
Hardship Fund Activities Donations
The Big Lottery Grant (People and Places)
Waterloo Project
Comic Relief II
Lloyds Bank Foundation
WG ARP Project
People Post Code
WG Hate Crime
RCT Syrian Project
Oak Foundation
Refugee Action
Community Foundation in Wales
National Emergency Trust
WCVA Covid
Award for All
Moondance Foundation
Race Council Cymru
Newport Rent Donations
Gwent TNLFC
CAF Project
DWP Kickstart
Comic Relief Change Makers
WAG Transport Project
WG Race Equality Grant
WCVA 2021/22
BBC Children in Need IV
Moondance Community Organising
General fund
**TOTAL FUNDS**||
|---|---|
|||
Page 23
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated
Fund
Migration Exchange Designated Fund
RCT Syrian Project
Fundraising Manager Designated Fund
Funds Held as Payroll Deposit
**Restricted funds**
WG Housing Development Officer Grant
WG CQFW
Hardship Fund Activities Donations
The Big Lottery Grant (Award for All)
The Big Lottery Grant (People and Places)
The Big Lottery Capital Costs
Waterloo Project
Pears Foundation
BBC Children in Need III
Comic Relief II
Lloyds Bank Foundation
WG ARP Project
WG Hate Crime
AB Charitable Trust
Clothworkers Foundation
RCT Syrian Project
Oak Foundation
Refugee Action
Community Foundation in Wales
Screwfix
National Emergency Trust
WCVA Covid
Award for All
Moondance Foundation
Race Council Cymru
Newport Rent Donations
**TOTAL FUNDS**|At 1.4.20
£
261,536
-
-
-
-
-
-
-
261,536
1,109
763
9,736
792
12,097
23,134
384
353
1,418
25,677
61
6,738
15,758
1,920
2,330
4,124
-
-
-
-
-
-
-
-
-
-
106,394
367,930|Net
movement
in funds
£
16,585
2,151
3,501
35,672
41,202
2,034
-
-
101,145
-
(763)
10,053
(792)
55,421
-
-
(353)
1,892
(21,240)
492
26,776
(9,178)
(1,920)
-
-
39,879
12,784
674
5,000
14,429
2,980
1,259
13,306
8,533
2,517
161,749
262,894|Transfers
between
funds
£
(54,000)
-
-
-
-
-
25,000
29,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|At
31.3.21
£
224,121
2,151
3,501
35,672
41,202
2,034
25,000
29,000|
|---|---|---|---|---|
|||||362,681
1,109
-
19,789
-
67,518
23,134
384
-
3,310
4,437
553
33,514
6,580
-
2,330
4,124
39,879
12,784
674
5,000
14,429
2,980
1,259
13,306
8,533
2,517|
|||||268,143|
|||||630,824|
Page 24
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated
Fund
Migration Exchange Designated Fund
RCT Syrian Project
**Restricted funds**
WG Move on Project Grant
WG CQFW
Hardship Fund Activities Donations
The Big Lottery Grant (Award for All)
The Big Lottery Grant (People and Places)
Pears Foundation
BBC Children in Need III
Comic Relief II
Lloyds Bank Foundation
WG ARP Project
WG Hate Crime
AB Charitable Trust
Oak Foundation
Refugee Action
Community Foundation in Wales
Screwfix
National Emergency Trust
WCVA Covid
Award for All
Moondance Foundation
Race Council Cymru
Newport Rent Donations
**TOTAL FUNDS**|Incoming
resources
£
34,491
40,000
3,501
38,500
45,000
40,253
201,745
161,665
-
18,490
-
199,851
-
31,646
70,000
20,011
380,000
-
-
107,531
22,558
15,000
5,000
60,385
18,512
9,882
13,306
8,533
2,517
1,144,887
1,346,632|Resources
expended
£
(17,906)
(37,849)
-
(2,828)
(3,798)
(38,219)
(100,600)
(161,665)
(763)
(8,437)
(792)
(144,430)
(353)
(29,754)
(91,240)
(19,519)
(353,224)
(9,178)
(1,920)
(67,652)
(9,774)
(14,326)
-
(45,956)
(15,532)
(8,623)
-
-
-
(983,138)
(1,083,738)|Movement
in funds
£
16,585
2,151
3,501
35,672
41,202
2,034
101,145
-
(763)
10,053
(792)
55,421
(353)
1,892
(21,240)
492
26,776
(9,178)
(1,920)
39,879
12,784
674
5,000
14,429
2,980
1,259
13,306
8,533
2,517
161,749
262,894|
|---|---|---|---|
Page 25
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated
Fund
RCT Syrian Project
Funds Held as Payroll Deposit
Garfield Weston
WCVA 2021/22
IKEA
AB Charitable Trust
2022/23 Essential Posts Designated Fund
2023/24 Essential Posts Designated Fund
**Restricted funds**
WG Housing Development Officer Grant
WG Move on Project Grant
WG CQFW
Hardship Fund Activities Donations
The Big Lottery Grant (Award for All)
The Big Lottery Grant (People and Places)
The Big Lottery Capital Costs
Waterloo Project
Pears Foundation
BBC Children in Need III
Comic Relief II
Lloyds Bank Foundation
WG ARP Project
People Post Code
WG Hate Crime
AB Charitable Trust
Clothworkers Foundation
RCT Syrian Project
Oak Foundation
Refugee Action
Screwfix
National Emergency Trust
Moondance Foundation
Race Council Cymru
Newport Rent Donations
Gwent TNLFC
CAF Project
DWP Kickstart
WCVA 2021/22
BBC Children in Need IV
Moondance Community Organising
General fund|At 1.4.20
£
261,536
-
-
-
-
-
-
-
-
-
-
-
261,536
1,109
-
763
9,736
792
12,097
23,134
384
353
1,418
25,677
61
6,738
-
15,758
1,920
2,330
4,124
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Net
movement
in funds
£
119,892
6,928
3,501
34,421
2,034
-
26,304
5,409
15,000
13,204
-
-
226,693
(1,109)
298
(763)
11,328
(792)
65,202
-
(384)
(353)
1,892
(25,677)
1,542
(6,738)
17,951
(10,274)
(1,920)
-
5,898
40,452
16,035
5,000
11,297
8,451
5,489
6,234
1,167
96,309
2,205
8,110
(3,310)
14,086
11,550|Transfers
between
funds
£
(113,383)
-
(3,501)
-
10,022
29,000
-
-
-
-
25,233
62,651
10,022
-
-
-
-
-
-
-
-
-
(3,310)
-
-
-
-
-
-
-
(10,022)
-
-
-
-
-
-
-
-
-
-
-
3,310
-
-|At
31.3.22
£
268,045
6,928
-
34,421
12,056
29,000
26,304
5,409
15,000
13,204
25,233
62,651|
|---|---|---|---|---|
|||||498,251
-
298
-
21,064
-
77,299
23,134
-
-
-
-
1,603
-
17,951
5,484
-
2,330
-
40,452
16,035
5,000
11,297
8,451
5,489
6,234
1,167
96,309
2,205
8,110
-
14,086
11,550|
continued...
Page 26
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**16.**
**MOVEMENT IN FUNDS - continued**
**TOTAL FUNDS**|106,394
367,930|279,176
505,869|(10,022)
-|375,548|
|---|---|---|---|---|
|||||873,799|
Page 27
continued...
## **WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated
Fund
Migration Exchange Designated Fund
RCT Syrian Project
Garfield Weston
WCVA 2021/22
IKEA
AB Charitable Trust
**Restricted funds**
WG Housing Development Officer Grant
WG Move on Project Grant
WG CQFW
Hardship Fund Activities Donations
The Big Lottery Grant (Award for All)
The Big Lottery Grant (People and Places)
Waterloo Project
Pears Foundation
BBC Children in Need III
Comic Relief II
Lloyds Bank Foundation
WG ARP Project
People Post Code
WG Hate Crime
AB Charitable Trust
RCT Syrian Project
Oak Foundation
Refugee Action
Community Foundation in Wales
Screwfix
National Emergency Trust
WCVA Covid
Award for All
Moondance Foundation
Race Council Cymru
Newport Rent Donations
Gwent TNLFC
CAF Project
DWP Kickstart
Comic Relief Change Makers
WAG Transport Project
WG Race Equality Grant
WCVA 2021/22
BBC Children in Need IV
Moondance Community Organising|Incoming
resources
£
171,101
82,106
7,002
38,500
45,000
40,253
34,000
5,409
15,000
20,000
458,371
-
323,630
-
32,171
-
339,540
-
-
31,646
75,000
45,011
735,000
18,896
-
-
52,085
208,385
43,533
15,000
5,000
100,770
18,512
9,882
13,306
18,533
6,234
1,167
124,298
10,564
12,515
151,235
4,825
50,551
32,141
25,000|Resources
expended
£
(51,209)
(75,178)
(3,501)
(4,079)
(45,000)
(38,219)
(7,696)
-
-
(6,796)
(231,678)
(1,109)
(323,332)
(763)
(20,843)
(792)
(274,338)
(384)
(353)
(29,754)
(100,677)
(43,469)
(741,738)
(945)
(10,274)
(1,920)
(46,187)
(167,933)
(27,498)
(15,000)
-
(89,473)
(18,512)
(9,882)
(4,855)
(13,044)
-
-
(27,989)
(8,359)
(12,515)
(151,235)
(4,825)
(42,441)
(35,451)
(10,914)|Movement
in funds
£
119,892
6,928
3,501
34,421
-
2,034
26,304
5,409
15,000
13,204
226,693
(1,109)
298
(763)
11,328
(792)
65,202
(384)
(353)
1,892
(25,677)
1,542
(6,738)
17,951
(10,274)
(1,920)
5,898
40,452
16,035
-
5,000
11,297
-
-
8,451
5,489
6,234
1,167
96,309
2,205
-
-
-
8,110
(3,310)
14,086|
|---|---|---|---|
Page 28
continued...
**WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **16. MOVEMENT IN FUNDS - continued**
|**MOVEMENT IN FUNDS - continued**||||
|---|---|---|---|
|General fund
**TOTAL FUNDS**|11,550
2,515,980
2,974,351|-
(2,236,804)
(2,468,482)|11,550|
||||279,176|
||||505,869|
Income received from RCT Syrian Project throughout the year are restricted, but any funds not spent are unrestricted and transferred to the unrestricted fund at year end.
a. The WG Housing Development Officer grant was to assist in providing the post of a housing officer in order to provide specialist appropriate advice and training to prevent homelessness amongst refugees in Wales. This funding came from WG's Social Housing Management Grant programme. There was no activity this year.
b. The WG Move On project provided assistance in the transition of the status of an asylum seeker to refugee housing support in Wales.
c. The WG CQFW was to provide training and background materials to mainstream advice agencies on how to recognise the experiences, qualifications and accomplishments of refugees and asylum seekers under the Credit and Qualifications Framework for Wales.
d. The NLCF funds were to increase capacity, by funding Triage, Caseworker, Volunteer PO, BDO and upgrade computer equipment.
e. Waterloo project grant funded the Refugee Employment & Education Service in Cardiff
f. Pears Foundation grant funded part of the costs related to clients education.
g. BBC Children in Need provided funding for a part-time post of Play Development Worker and Play Assistant, to establish informal children's play sessions and a toy library for refugee and asylum-seeking children.
h. The Comic Relief grant was to fund core costs.
- i. The Lloyds Bank Foundation grant helped to fund two part time posts (Executive Assistant & Finance Assistant)
- j. The WG ARP project is paid by Welsh Government, thanks to this project we make sure our clients know their rights and we also advocate for them.
k. The Hate Crime project funded workshops & activities to increase Hate crime awareness.
l. The Grant received from AB Charitable Trust was to fund the development and launch of the WRC new website.
m. The Grant received from Clothworkers Foundation was to fund the purchase of a smart interactive whiteboard and laptops.
n. The Oak Foundation Grant is to fund the "Refugee and Asylum Housing Prevention Project"
- o. The Refugee Action Grant is to fund the "Asylum Guide Project".
p. The Community Foundation in Wales grant is part of the "Coronavirus Resilience Fund" to help individuals and families affected by the pandemic.
q. The Screwfix Grant is to fund part of the office refurbishment cost.
r. The National Emergency Trust Grant is to help voluntary organisations that help vulnerable people impacted by the COVID-19 crisis.
s. The WCVA COVID Grant is part of the Emergency Fund to help organisations during the pandemic.
t. The Award for All is funded by The National Lottery Awards for All and linked to the COVID-19 Move On Caseworker help..
u. The Moondance Foundation Grant was COVID specific and helped funding the Education & Employability Officer.
- v. The Race Council Cymru grant is to fund the programme "Global Majority
- w. Gwent TNLC Fund was awarded for the help provided during the project development.
- x. The CAF project is part of the Resilience Fund phase 2 which provided funding for Service delivery.
- y. The DWP Kickstart helped us to create jobs for young people at risk of long-term unemployment
z. The WG Race Equality Grant main purpose was to ensure that the consultation on the Race Equality Action Plan for Wales is undertaken with a broad range of people from Black, Asian and Minority Ethnic communities across Wales (including Gypsies, Roma and Travellers, migrant and refugee communities).
- aa. The WCVA 2021/22 is part of the Voluntary Service Recovery Fund and provided funding for service delivery. bb. The Moondance Community Organising funded the Community Organiser to support Afghan Refugee.
Page 29
continued...
**WELSH REFUGEE COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 30
## **WELSH REFUGEE COUNCIL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Subscriptions
**Other trading activities**
Rental Income
**Investment income**
Interest Received
**Charitable activities**
Grants
**Other income**
RCT Service Level Agreement
Business Rates Covid Support
Migrant Help
WCVA
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Trustees' expenses
Wages
Social security
Pensions
Promotional
Interpreting
Small projects
Hardship
Partner overheads
Recruitment
Monitoring
Travel & training
Volunteer costs
Well being activities
Depn of plant & machinery
Depn of computer equipment|2022
£
161,631
40
161,671
4,022
64
1,367,771
52,085
-
42,106
-
94,191
1,627,719
150
837,808
57,336
32,430
7,598
4,679
22,930
12,637
21,866
4,224
53
143,488
4,562
104
976
5,569
1,156,410|2021
£
26,219
140|
|---|---|---|
|||26,359
3,980
159
1,207,380
40,253
25,000
40,000
3,501|
|||108,754|
|||1,346,632
38
755,986
53,711
29,476
3,150
5,484
5,030
10,457
12,846
2,897
800
19,013
1,873
2,454
976
13,048|
|||917,239|
This page does not form part of the statutory financial statements
Page 31
## **WELSH REFUGEE COUNCIL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 MARCH 2022**|||
|---|---|---|
|**Support costs**
**Management**
Communication
Professional
Premises
General Office
**Finance**
Bank charges
**Support costs**
Audit and accountancy fees
Total resources expended
**Net income**|2022
£
81,869
50,436
61,794
27,682
221,781
444
6,109
1,384,744
242,975|2021
£
64,302
16,326
53,131
24,482|
|||158,241
396
7,862|
|||1,083,738|
|||262,894|
This page does not form part of the statutory financial statements
Page 32
## **Virtual Cabinet Portal Digital Signatures**
## **Digital Signature Verification**
You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page:
https://www.virtualcabinetportal.com/VerifySignedDocument
## **Signature Dates and Times**
All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:
http://www.virtualcabinetportal.com/WhatIsUTC
## **Signature 1**
Signed by Harry Iles using authentication code YTlSUTNHeWdIOSxl at IP address 86.150.214.156, on 2022/12/13 18:19:50 Z.
Harry Iles's e-mail address is: harry.iles@trustee.wrc.wales.
## **Signature 2**
Signed by Naveeda Morgan using authentication code Wmo2Y2Y2JmdnTnhe at IP address 31.50.9.161, on 2022/12/14 09:04:18 Z.
Naveeda Morgan's e-mail address is: naveeda.morgan@trustee.wrc.wales.