2020-12-31-accounts

					Page
Trustees' annual report (incorporating		the	director's	report)
Independent auditor's report to	the members
Statement offinancial activities	(including		income and
expenditure account)					12
Statement of financial position					13
Statement ofcash flows					14
Notes to the financial statements					15

Reference	and administrative	and administrative	and administrative	details
Registered	charity	name		Agored Cymru
Charity registration		number		1105070
Company	registration		number	5133651
Principal office and		registered		4 Llys Onnen
office				Ffordd Y Llyn
				Pare Menai
				Bangor
				Gwynedd
				LL57 4DF
The trustees
				EV Barrett
				K Burns
				R Clapham
				H Davies				(Resigned	24 February 2021)
				M Davies
				J Graystone
				P Martin
				SRehman	Khan
				A Smith
				C Swain
				H Swayne				(Appointed	22 April 2020)
				WP Upham
				KWorkman
Auditor				Walter Hunter		&Co Limited
				Chartered	accountants		&statutory	auditor
				24 Bridge Street
				Newport
				South Wales
				NP20 4SF

Year ended 31 Dece	mber	2020
				2020		2019
				Unrestricted
				funds	Total funds	Total funds
			Note	E	E
Income and endowments
Charitable activities			5	1,519,784	1,519,784	1,762,163
Investment income			6	498	498	505
Other'income			7	108,899	108,899
Total income				1,629,181	1,629,181	1,762,668
Expenditure Expenditure on charitable	activities		8,9	1,368,560	1,368,560	1,421,602
Total expenditure				1,368,560	1,368,560	1,421,602
Actuarial loss on defined	benefit	pension scheme	12	(93,000)	(93,000)	(47,000)
Net income and net movement		in funds		167,621	167,621	294,066
Reconciliation offunds
Total funds brought forward				892,238	892,238	598,172
Total funds carried forward				1,059,859	1,059,859	892,238

31 December 20	20
				Note	2020	2019 f
Fixed assets
Tangible fixed assets				16	58,764	74,856
Current assets
Stocks				17	19,577	2,042
Debtors				18	347,003	376,526
Cash at bank and in	hand				855,551	535,931
					1,222,131	914,499
Creditors: amounts	falling	due	within one year	19	97,036	66,117
Net current assets					1,125,095	848,382
Total assets less current		liabilities			1,183,859	923,238
Pensions and other	retirement		benefits	20	124,000	31,000
Net assets					1,059,859	892,238
Funds ofthe charity Unrestricted funds					1,059,859	892,238
Total charity funds				21	1,059,859	892,238

Year ended 31 Decemb	er 2020
			2020	2019
Cash flows from operating Net income	activities		167,621	294,066
Adjustments for: Depreciation oftangible fixed assets Actuarial loss on defined benefit scheme			16,092 93,000	16,089 47,000
Other interest receivable and	similar income		(498)	(505)
Accrued expenses/(income)			6,983	(54,198)
Changesin: Stocks			(17,535)	15,314
Trade and other debtors			29,523	(139,784)
Trade and other creditors			23,936	(42,501)
Cash generated from operations			319,122	135,481
Interest received			498	505
Net cash from operating activities			319,620	135,986
Net increase in cash and cash equivalents Cash and cash equivalents at beginning		ofyear	319,620 535,931	135,986 399,945
Cash and cash equivalents	at end ofyear		855,551	535,931

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
					r
Centre	fees	124,514	124,514	116,560	116,560
Accreditation		1,308,253	1,308,253	1,573,901	1,573,901
Training	&projects	85,781	85,781	61,955	61,955
Other income		1,236	1,236	9,747	9,747
		1,519,784	1,519,784	1,762,163	1,762,163

6.	Investment	income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds E	2020 f	Funds E	2019
	Bank interest	receivable			498	498	505	505
7.	Other income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds E	2020 f	Funds E	2019
	HMRC Job Retention		Scheme Grant		53,899	53,899
	Welsh Government		ERF Fund grant		55,000	55,000
					108,899	108,899
8.	Expenditure	on charitable		activities	by fund type
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds E	2020	Funds f	2019 E'
	Accreditation	services			1,368,560	1,368,560	1,421,602	1,421,602
9.	Expenditure	on charitable		activities	by activity type
						Activities
						undertaken	Total funds	Total fund
						directly	2020 f	2019 f
	Accreditation	services				1,368,560	1,368,560	1,421,602

Analysis ofsup	port	cos	ts
				Accreditation
				services	Total 2020	Total 2019
				F	6	E
Staff costs				951,764	951,764	909,529
Communications	and	IT		95,017	95,017	95,055
Rent, Storage &	Utilities			118,114	118,114	119,537
Certification costs				42,700	42,700	58,386
External Verification		&Training		28,341	28,341	58,021
Development costs				9,806	9,806	8,442
Marketing				18,750	18,750	30,858
Bad debts written	off			480	480	8,085
Office Expenses	&Other		costs	19,811	19,811	39,873
Audit, Legal & Membership			Fees	59,434	59,434	49,015
Travel &Subsistence				8,251	8,251	28,710
Depreciation				16,092	16,092	16,091
				1,368,560	1,368,560	1,421,602

Actuarial lo	ss on defin	ed benefit pension scheme
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
		F	6	6	E
Actuarial loss on defined		benefit
pension scheme		(93,000)	(93,000)	(47,000)	(47,000)
Net income
Net income	it stated after charging/(crediting)
				2020	2019
				6	F
Depreciation	oftangible	fixed assets		16,092	16,091
Fees paid to the auditor:
For the audit	ofthe financial statements			5,340	5,142
For non-audit	services			25,878	19,170

Staff cos	ts
The total	staff costs	and employee		benefits for		the reporting	period are analysed as	follows:
							2020		2019
Wages and salaries							951,764		909,529
The average head count			of employees		during	the year was	26 (2019:25).The average		number
offull-time	equivalent	employees		during	the year is analysed		as follows:
							2020		2019
							No.		No.
Provision	ofaccreditation		services				24		25
The number ofemployees			whose	remuneration		for the year	fell within the following	bands, were:
							2020		2019
							No.		No.
F60,000to 669,999									1

remuneration orexpenses, either in the current ye Tangible fixed assets	ar or in the prior ye	ar.
		Leasehold
		Property
	Fixtures and	Improvement
	fittings	s	Total
	6		F
Cost
At 1 January 2020 and 31 December 2020	175,383	131,043	306,426
Depreciation
At 1 January 2020	155,129	76,441	231,570
Charge for the year	5,171	10,921	16,092
At 31December 2020	160,300	87,362	247,662
Carrying amount
At 31December 2020	15,083	43,681	58,764
At 31 December 2019	20,254	54,602	74,856
Stocks
		2020	2019
			F
Certificate stock		19,577	2,042

Yea	r ended 31	Decem	ber 2020
18.	Debtors
				2020	2019
					5
	Trade debtors			256,491	305,352
	Prepayments	and accrued income		90,512	71,174
				347,003	376,526
19.	Creditors: amounts		falling due within one year
				2020	2019
				8
	Trade creditors			29,256	5,599
	Accruals and deferred		income	27,130	20,147
	Social security Other creditors	and other taxes		31,712 8,938	31,866 8,505
				97,036	66,117

Duration of liabilitie	s - 30.8ye	ars
Key assumptions
			2020	2019
				8
Discount rate			1 40	2.00
Retirement benefit Pension increases	plans		2 20 2.20	2.10 2.10
Pension accounts	revaluation	rate	2.20	2.10
Salary increases			3.45	3.35

					2020	2019 f
Males
Members Members	aged 65 at accounting aged 45 at accounting	date date			21.7 22.7	21.9 23.6
Females
Member aged 65at accoutning Member aged 45at accounting		date date			24.0 25.5	23.8 25.7
Asset allocation
				8
			8	8		8
Equities Property Government bonds			71 6 9	509,000 46,000 65,000	68 8 11	370,000 41,000 62,000
Corporate Cash	bonds		13 1	93,000 6,000	12 1	64,000 7,000
			100	719,00	100	544,000

Reconcili	ation offunded sta	tus to St	atement ofFinancial Position
				2020	2019
				E	E
Fair value ofassets				719,000	544,000
Present	value offunded	defined	benefit obligation	(843,000)	(575,000)
Funded	status			(124,000)	(31,000)

The split of the liabilities at	the	the	last	valuation	between	various	categories of members	categories of members	is as
follows:
Active members									85
Deferred pensioners									15
Amounts recognised in the Statement		ofFinancial Activities
							2020		2019
							E		E
Operating cost - Current service cost							34,000		21,000
-Past service cost							15,000
Financing cost
- Interest on net defined benefit		liability					1,000		(1,000)
Pension expense recognised	in	the Statement of			Financial	Activities	50,000		20,000
Amounts recognised in other comprehensive				income
							2020		2019
							E		E
Asset (losses)/gains arising during the Liability gains arising during the period				period			137,000 (203,000)	69,000 (118,000)
Total amount recognised in other			comprehensive		income		(66,000)	(49,000)
Changes to the fair value ofassets
							2020		2019
									E
Opening fair value ofassets Interest income on assets							544,000 11,000	436,000 13,000
Remeasurement (losses)/gains Contributions by the employer Contributions by the participants Net benefits paid out		on assets					137,000 23,000 5,000 (1,000)		69,000 22,000 5,000 (1,000)
Closing fair value ofassets							719,000	544,000

Changes to the present valu	e o	fthe defined benefit obfigatl on
			2020	2019
				6
Opening defined benefit Current service cost	obligation		575,000 34,000	420,000 21,000
Interest expense on defined Contributions by participants Actuarial (gains)/losses on hlet benefits paid out Past service cost		benefit obligation liabilities	12,000 5,000 203,000 (1,000) 15,000	12,000 5,000 118,000 (1,000)
Closing defined benefit	obligation		843,000	575,000
Actual return on assets
			2020	2019
				8
Interest income on assets			11,000	13,000
(Loss)/gain on assets			137,000	69,000
Actual return on assets			148,000	82,000

Analysis ofc	Analysis ofc	haritable	fun	ds
Unrestricted		funds
				At				At
				1 January			Gains and 31	December
				2020	Income 6	Expenditure F	losses E	2020 f
General	funds			892,238	1,629,181	(1,368,560)	(93,000)	1,059,859
				At				At
			1	January 20 19	Income	Expenditure	Gains and 31 losses	December 2019
					6	E
General	funds			598,172	1,762,668	(1,421,602)	(47,000)	892,238

22.	Analysis of ne	t asse	ts b	etween funds
								Unrestricted		Total Funds
									Funds f	2020 F
	Tangible fixed Current assets	assets						58,764 1,222,131		58,764 1,222,131
	Creditors less than 1 year Defined benefit pension							(97,036) (124,000)		(97,036) (124,000)
	Net assets							1,059,859		1,059,859
								Unrestricted		Total Funds
									Funds F	2019 f
	Tangible fixed Current assets	assets							74,856 914,499	74,856 914,499
	Creditors less Defined benefit	than 1 year pension							(66,117) (31,000)	(66,117) (31,000)
	Net assets								892,238	892,238
23.	Analysis ofchanges		in	net debt
										At
						At 1 Jan	2020 F	Cash flows F		31Dec 2020 f
	Cash at bank and in		hand			535,931			319,620	855,551
24.	Operating lease commitments
	The total future	minimum		lease payments	under	non-cancellable	operating		leases are as follows: 2020 2019
									F	F
	Not later than 1 year Later than 1 year and Later than 5years		not	later than 5 years					4,042 207,971	17,087 259,256
									212,013	276,343