2021-09-30-accounts - Follow Your Dreams Limited

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Chief Executives Report
Report ofthe Trustees			2	to	15
Independent Examiner's	Report			16
Statement of Financial Actlvltles				17
Balance Sheet				18
Cash Flow Statement				19
Notes to the Cash Flow	Statement			20
Notes to the Financial Statements			21	to	32
Detailed Statement of Flnanclal		Actlvltles	33	to	35

								Period
								1/4/19
							Year Ended	to
							30/9/21	30/9/20
					Unrestricted	Restricted	Total	Total
				Notes	funds f	funds	funds 6	funds 6
INCOME AND ENDOWMENTS			FROM
Donations and legacies				3	143,281		143,281	411,888
Charitable activities
Working with young	people with		teaming
disabilities						160,284	160,284	97,559
Other trading activities					31,342		31,342	110,086
Investment Income					8		8	5
Total					174,631	160,284	334,915	619,538
EXPENDITURE ON
Raising funds
Raising donations end		Mgacies		7	8,863		8,863	53,035
Other trading activities				8	~10992		~10992	~72 489
					19,855		19,855	125,524
Charitable activities
Working with young	people with		learning
disabilities					109,055	131,871	240,926	464,563
Total					128,910	131,871	260,781	590,087
NET INCOME					45,721	28,413	74,134	29,451
Transfem between	funds			20	~7 502	~7 502)
Net movement in funds					53,223	20,911	74,134	29,451
RECONCILIATION	OF FUNDS
Total funds brought		forward			49,516	17,123	66,639	37,188
TOTAL FUNDS CARRIED FORWARD					~102739	38,034	~140773	~66 639

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	funds 6	funds f	funds 8	funds
FIXEDASSETS
Tangible assets		16	7,554		7,554	5,883
CURRENT ASSETS
Debtors		17	6,642		6,642	1,103
Cash at bank			~101597	~38034	~139631	~79873
			108,239	38,034	146,273	80,976
CREDITORS
Amounts falling due within	one year	18	(13,054)		(13,054)	(20,220)
NET CURRENT ASSETS			~95 185	~38034	~133219	~80 756
TOTAL ASSETS LESSCURRENT		LIABILITIES	102,739	38,034	140,773	66,639
NET ASSETS			~102739	~38 034	~140773	~66 639
FUNDS		20
Unrestricted funds					102,739	49,516
Restricted funds					38,034	~17123
TOTAL FUNDS					~140773	~66 639

									Period
									1/4/1 9
								Year Ended	to
								30/9/21	30/9/20
							Notes	f	F
Cash flows from	operating			activities
Cash generated from		operations					1	~66660	~52 341
Net cash provided	by	operating			actvities			~66 660	52,341
Cash flows from	Investing			activities
Purchase oftangible		fixed assets						(6,910)	(7,566)
Interest received								8	5
Net cash used in	investing		activities					~6902)	~561)
Change in cash	and	cash		equivalents		in
the reporting period								59,758	44,780
Cash and cash equivalents				at	the
beginning ofthe	reporting			period				79,873	~35093
Cash and cash equivalents				at	the end	of
the reporting period								139,631	~79 873

RECONCILIATION	OF NET IN	COME TO	NET CASH FLOW FRONI OPERATI	NG ACTIVITIES
					Period
					1/4/19
				Year Ended	to
				30/9/21	30/9/20
				F
Net Income for the Activities)	reporting	pertod (as	per the Statement of Financial	74,134	29,451
Adjustments for: Depreciation charges Loss on disposal oflixed assets				5,239	7,815 142
Interest received				(8)	(5)
(Increase)/decrease (Decrease)/increase	in debtors in creditors			(5,539) ~7166)	4,362 ~10 576
Net cash provided	by operations			~66 660	~52 341

ANALYSIS OF CHANGES IN NET FUN	DS
	At 1/10/20	Cash flow f	At 30/9/21 f
Net cash
Cash at bank	~79873	~59758	~139631
	~79 873	~59 758	~139631
Total	~79 873	~59 758	139,631

Grants received, inclu	ded in th	e	above, ars as follows:
					Period
					1/4/19
				Year Ended	to
				30/9/21 f	30/9/20 f
Rhondda Cynon Taff	Country	Borough Council		14,000	20,000
Ths Moondance Foundation				10,768
Communiiy Foundation Wales				20,000
Edgar E. Lawley Foundation Welsh Government				1,500 10,000
Department for Work	and Pensions			2,933
Ths Edward Gosling	Foundation				10,000
Coronavirus Job Retention Scheme					35,710
WCVA - Third Sector	Resilience		Fund for Wales		33,750
				~59 201	~99 460

												Period
												1/4/19
											Year Ended	to
											30/9/21	30/9/20
											f	f
Fundreising events											29,247	50,711
Donated goods and services for					fundraising			events			425	5,203
Shop sales											1,670	12,229
Coffee shop sales												~41 943
											~31 342	~110086
INVESTMENT INCOME
												Period
												1/4/19
											Year Ended	to
											30/9/21	30/9/20
											f	f
Deposit account	Interest										8	5
INCOME FROM	CHARITABLE			ACTIVITIES
												Period
												1/4/19
											Year Ended	to
				Activity							30/9/21 f	30/9/20 f
				Working			with	young	people with	teaming
Grants				disabilities							~160284	~97 559
Grants received,	included		in the	above,			are as follows:
												Period
												1/4/19
											Year Ended	to
											30/9/21	30/9/20
											f.	f
Voluntary Action	Merthyr		Tydfll								9,286	6,559
Cwm Taf Morgannwg		University			Health		Board					2,500
Interlink Rhondda	Cynon		Taff								250	2,250
Tesco Bags of Help Community				Grants							2,000	17,500
Business Wales	Flood	Relief Grant										2,500
Beacon Lodge Charitable			Trust	Ltd								5,000
The Moondance	Foundation										7,275	11,030
VSEF Small Grants												500
Bridgend Assentation		of	Voluntary		Orgsnisatlons						500	2,463
National Lottery - Awards			for All									10,000
The Clothworkeds	Foundation											5,000
Community Foundation		Wales									10,000	10,000
Neighbourly Ltd												400
Pen Y Cymoedd	Wind	Farm Community					Fund CIC					6,557
RCTCBC - COVID Community				Grant								300
The National Lottery Community					Fund	—Coronavlrus			Community	Support
Fund											1,500	15,000
Postcode Neighbourhood			Trust								20,000
WCVA - VSRF Small grant											83,832
Neath Port Talbot CVS											2,141
Torfasn Voluntary	Alliance										1,044
Track 2000											000
Canied forward											152,828	97,559

INCOME F	ROM CHA	RI	TABLE ACTMTIES - continued
					Period
					1/4/19
				Year Ended	to
				30/9/21	30/9/20
				F	8
Brought forward				152,828	97,559
Glamorgan Voluntary Sported Foundation		Services		5,456 ~2000
				~160 284	~97 559
RAISING DONATIONS			AND LEGACIES
					Period
					1/4/19
				Year Ended	to
				30/9/21	30/9/20
Staff costs					12,875
Fundraisers'	commission		& expenses	5,283	23,765
Rent, rates	and oflice	services			1,658
Insurance					88
Telephone					296
Postage, stationery &		advertising			196
Repairs and renewals					169
Fixtures &fittings depreciation					259
Website fees				245	306
Fundraising	event costs			2,910	8,220
Donated goods and services				425	~5203
				~8863	~53 035

OTHER TRADING	ACTIVITIES
				Period
				1/4/19
		Year Ended		to
		30/9/21 f		30/9/20 f
Purchases		(449)		21,831
Stalf costs		9,481		34,830
Postage, stationery	&advertising		430	527
Telephone		(100)		795
Repairs and renewals			252	1,511
Insurance			25	236
Volunteer expenses			288	441
Rent, rates and office services			(11)	8,059
Staff welfare			130
Deprectation			946	~4259
		~10	992	~72 489


9.	CHARITABLE ACTIVITIES COSTS
					Direct	Support
					Costs (see	costs (see
					note 10)	note 11) 8	Totals f
	Working with young dissbfiities	people with teaming			~202 426	~38 500	~240 926
10.	DIRECT COSTS OF CHARITABLE		ACTIVITIES
							Period
							1/4/19
						Year Ended	to
						30/9/21	30/9/20
						f	f
	Staff costs					57,265	131,587
	Delivering Dreams					13,394	191,110
	Motor and travel						509
	Rent, rates &office	services				3,654	16,922
	Insurance					150	896
	Telephone snd internet					(603)	3,012
	Postage, stationery Staff welfare	&advertising				2,586 779	1,994
	Fixtures & fittings depreciation					3,027	2,639
	Ghana Play expenditure Life wise costs					200	87 1,344
	Donated goods and services COVID-1 9 Expenditure					28,690 93,284	10,519 34,847
	Loss on sale ofassets						142
						202,426	~395608
11.	SUPPORT COSTS
			Staff			Governance
			costs	Depreciation f	Other 2	costs	Totals F
	Working with young people with learning disabilities		~19 340	~1014	~9199	~8947	~38 500

Net income/(e	xpenditure)	is stated after charging/(crediting):
				Period
				1/4/19
			Year Ended	to
			30/9/21	30/9/20
			f	f
Depreciation Hire of plant	-owned assets and machinery		5,239 2,010	7,815 2,063
Deficit on disposal offixed		assets		142
Independent	examination	fess	2,920	~4088

STAFF	COS	TS
											Period
											1/4/19
										Year Ended	to
										30/9/21 f	30/9/20 f
Wages	snd salaries									84,838	200,720
Social security costs Other pension costs										3,444 ~2429	6,883 ~4493
										~90 711	~212 096
The average		monthly	number	ofemployees			during	the year was	as follows:
											Period
											1/4/19
										Year Ended	to
										30/9/21	30/9/20
Number	of employees									4	10
No employees		received emoluments			in excess of660,000.
Included	within staff costs sre			termination		payments		amounting	to 9nil (2020:	62,475).

		Unrestricted	Restricted	Total
		funds f	funds 5	funds 6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		411,888		411,888
Charitable activities
Working with young people with	learning
disabilities		21,400	76,159	97,559
Other trading activities		110,086		110,086
Investment income		5		5
Total		543,379	76,159	619,538
EXPENDITURE ON
Raising funds
Raising donations and legacies		53,035		53,035
Other trading activities		72,489		72,489
		125,524		125,524
Charitable activities
Working with young people with	looming
disabilities		398,394	66,169	464,563

15.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES -continued
					Unrestricted	Restricted	Total
					funds	funds	funds
					6	f	6
	Total				523,918	66,169	590,087
	NET INCOME				19,461	9,990	29,451
	Transfers between			funds	~6907	~6907)
	Net movement	In funds			26,368	3,083	29,451
	RECONCILIATION		OF FUNDS
	Total funds brought			forward	23,148	14,040	37,188
	TOTAL FUNDS	CARRIED FORWARD			~49 516	~17 123	~66 639
16.	TANGIBLE FIXEDASSETS
							Fixtures
							and
							fittings f
	COST
	At 1 October 2020						13,366
	Additions						~6910
	At 30 September	2021					~20 276
	DEPRECIATION
	At 1 October 2020						7,483
	Charge for year						~5239
	At 30 September	2021					12,722
	NET BOOK VALUE
	At 30 September	2021					~7554
	At 30 September	2020					~5883

DEBTORS:AMOUNT	S F	ALLING DUE WITHIN ONE YEAR
			2021	2020
			f	f
Other debtors			692	276
Prepayments snd accrued		income	~5950	827
			~6642	~tt 03
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2021 f	2020 8
Trade creditors			298	3,914
Social secudty and other		taxes	4,667	4,542
Other creditors			242	2
Accruals and deferred	income		7,847	~tt 762
			~13 054	~20 220

MOVEM	ENT IN FUN	DS
				Net	Transfers
			At	movement	between	At
			1/10/20 f	In funds f	funds f	30/9/21 f
Unrestricted funds
General	fund		49,516	45,721	7,502	102,739
Restricted funds
IT Fund			5,300	4,048	(6,348)	3,000
COVID-19 Pandemic		Fund	11,823	17,265	(1,154)	27,934
Wellbeing Together Lifewise Gwent Fund				5,000 ~2100		5,000 ~2100
			17123	28,413	~7502)	38034
TOTAL	FUNDS		~66 639	~74 134		1~40773

Net movement	in funds,
		Incoming	Resources	Movement
		resources f	expended f	in funds f
Unrestricted funds
General fund		174,631	(128,910)	45,721
Restricted funds
IT Fund		4,636	(588)	4,048
COVID-19 Pandemic	Fund	145,648	(128,383)	17,285
Wellbeing Together Lifswise Gwent Fund		5,000 ~5000	~2900)	5,000 ~2100
		~160284	~131,871)	~28413
TOTAL FUNDS		~334915	~260 781)	~74 134

Compar	atives	for m	ovement In funds
					Net	Transfers
					movement	between	At
				At 1/4/19	in funds	funds	30/9/20
							f
Unrestricted		funds
General	fund			23,148	19,461	6,907	49,516
Restricted funds
Lifewise	Fund			3,000	(3,000)
Play Stay and		Sign Fund		1,753	(1,753)
IT Fund				9,287		(3,987)	5,300
COVID-19 Pandemic			Fund		~14743	~2920)	~tt 823
				~14040	9,990	~6,907)	~17 123
TOTAL	FUNDS			37,188	~29 451		~66 639

Comparative net move	ment in funds, induded in the	above are as follows:
		Incoming	Resources	Movement
		resources	expended f	in funds f
Unrestricted funds
General fund		543,379	(523,918)	19,461
Restricted funds
Lifewise Fund		7,250	(10,250)	(3,000)
Play Stay and Sign Fund		9,000	(10,753)	(1,753)
Hype Club Fund		4,000	(4,000)
Rogerstone Arts Fund		1,000	(1,000)
Makaton Sing and Sign Choir Fund		750	(750)
COVID-19 Pandemic	Fund	~54 159	~39416)	~14 743
		~76 159	~66 169)	9,990
TOTAL FUNDS		619538	~590 087)	~29 451

Fundraising	income
Donations	income
PENSION	COMMITMENTS

			Period
			1/4/19
		Year Ended	to
		30/9/21f	30/9/20f
INCOME AND ENDOWMENTS
Donations and legacies
Bucket collecgons		13,594	87,030
Donations		63,986	217,404
GIR sld		4,247	4,961
Grants Membership scheme		59,201 ~2253	99,460 ~3033
		143,281	411,888
Other trading activities
Fundraising events Donated goods and services for fundraising		29,247	50,711
events Shop sales Coffee shop sales		425 1,670	5,203 12,229 41 943
		31,342	110,086
Investment Income
Deposit account interest
Charitable activities
Grants		~160284	~97559
Total Incoming resources		334,915	619,538
EXPENDITURE
Raising donations and	legacies
Wages Social security			12,712 112
Pensions			51
Fundraisers' commission	&expenses	5,283	23,765
Rent, rates and office services Insurance			1,658 88
Telephone			296
Postage, stationery &advertising			196
Repairs and renewals			169
Fixtures &fittings depreciation			259
Website fees		245	306
Fundrsising event costs Donated goods and services		2,910 425	8,220 ~5203
		8,863	53,035
Other trading activities
Shop purchases		121	308
Coffee shop purchases		(570)	21,523
Wages		8,820	33,290
Carried forward		8,371	55,121

				Period
				1/4/19
			Year Ended	to
			30/9/21f	30/9/20f
Other trading activities
Brought forward			8,371	55,121
Sorfisl security			401	631
Pensions			260	909
Postage, stationery	&advertising		430	527
Telephone			(100)	795
Repairs and renewals			252	1,511
Insurance			25	236
Volunteer expenses			288	441
Rent, rates and office		services	(11)	8,059
Staff welfare			130
Fixtures and fittings			946	4259
			10,992	72,489
Charitable activities
Wages			53,473	123,527
Social security			2,282	5,180
Pensions			1,510	2,880
Delivering Dreams			13,394	191,110
Motor snd travel				509
Rent, rates &offic	services		3,654	16,922
Insurance			150	896
Telephone and internet			(603)	3,012
Postage, stationery	&advertising		2,586	1,994
Staff welfare			779
Fixtures & fittings depredation			3,027	2,639
Ohana Play expenditure				87
Life wise costs			200	1,344
Donated goods and	services		28,690	10,519
COVID-19 Expenditure			93,284	34,847
Loss on disposal of	tangible fixed assets			142
			202,426	395,608
Support costs
Staff costs
Wages			18,105	24,339
Soctal security			547	627
Pensions			538	574
Staff training			150	~1282
			19,340	26,822
Depreciation
Fixtures and fitlings			1,014	512
Other
Hire of plant and machinery			2,010	2,063
Rent, rates &oflice		services	1,224	3,286
Insurance			50	173
Telephone snd internet			(202)	582
Postage, stationery		& adverfislng	865	385
Sundries			301	375
Carried forward			4,248	6,864

			Period
			1/4/19
		Year Ended	to
		30/9/21	30/9/20
		6	9
Other
Brought forward		4,248	6,864
Bank charges	&bank interest	210	1,927
Staff welfare		261
Raising awareness		~4480	19859
		9,199	28,650
Governance	costs
Wages		4,440	6,852
Social security		214	333
Pensions		121	79
Oflice costs		609	1,352
Professional	fees	325	121
Accountancy	fees	2,920	4,088
Staff welfare		66
Fixtures and Itttlngs		252	146
		~8947	12,971
Total resources	expended	~260 781	~590 087
Net income		74,134	~29 451