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2021-03-31-accounts

Page
Chairman's statement 1-2
Trustees report 3- 14
Statement oftrustees responsibilities 15
Independent auditor's report 16-19
Statement offinancial activities 20
Balance sheet 21
Statement ofcash flows 22
Notes to the financial statements 23-37

Unresb icted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2021
8		 2021
6		 2021 2020
6		 2020
8		 2020f
erne a
e		 owm n fr
Donations
and legacies		 3 17,063 17,063 3,005 3,005
Charitable
activities		 4 151,719 654,077 805,796 85,287 568,106 653,393
Investments 5 30 30 135 135
Other income 6 1,270 1,270 2,872 2,872
Total income 170,082 654,077 824,159 91,299 568,106 659,405
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Charitable
activities		 7 73,310 617,035 690,345 70,530 556,204 626,734
Net incoming
resources before
transfers 96,772 37,042 133,814 20,769 11,902 32,671
Gross transfers
between funds (4,833) 4,833 (23,471) 23,471
Net income for the year/
Net movement in funds 91,939 41,875 133,814 (2,702) 35,373 32,671
Fund balances at 1
April 2020 191,044 58,222 249,266 193,746 22,849 216,595
Fund balances at 31
March 2021 282,983 100,097 383,080 191,044 58,222 249,266

2021 2020
Notes F 8
Fixed assets
Tangible assets 12 7,255 8,001
Current assets
Stocks 13 1,020 1,841
Debtors 14 44,950 48,116
Cash at bank and in hand 408,930 216,195
454,900 266,152
Creditors: amounts falling due within
one year 15 (79,075) (24,887)
Net current assets 375,825 241,265
Total assets less current liabilities 383,080 249,266
Income funds
Restricted funds 17 100,097 58,222
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Designated
funds		 18 80,000
General unrestricted funds 202,983 191,044
282,983 191,044
383,080 249,266

2021 2020
Notes E 6
Cash flows from operating activities
Cash generated from/(absorbed
by)		 23
operations 194,944 (12,371)
Investing activities
Purchase oftangible fixed assets (2,239) (4,137)
Investment income received 30 135
Net cash used in investing activities (2,209) (4,002)
Net cash used in financing activities
Net increase/(decrease)
in		 cash and cash
equivalents 192,735 (16,373)
Cash and cash equivalents at beginning ofyear 216,195 232,568
Cash and cash equivalents at end ofyear 408,930 216,195

Unrestricted Unrestricted
funds funds
2021 2020f
Donations and gifts 17,063 3,005

2021f
2020
f
Advice, Support,
Participation
&Collaboration
Awareness
&Training
Grants
48,900
756,896
36,279
686
616,428
805,796
653,393
Analysis
by fund
Unrestricted
funds
Restricted funds
151,719
654,077
85,287
568,106
805,796
653,393
Grants
S.S.S.G. (Welsh Government)
Henry Smith
Lloyds Foundation
Comic Relief
Erasmus+
(Citizenship)
Homelessness
Prevention
(Welsh Government)
NYAS
Paul Hamlyn
Fund
Camarthenshire
Council
The Esmee Fairbaim
Foundation
CHK Foundation
NLCF Big Lottery
WCVA
Community
Foundation
Wales
NLCF - Comic Relief
Other
265,000
28,300
24,120
18,200
176,960
40,063
16,000
76,500
20,000
27,087
28,096
14,320
16,250
6,000
265,767
14,150
24,120
61,750
28,837
93,732
22,322
26,750
16,000
53,000
10,000
756,896
616,428
investments
Unrestricted
Unrestricted
funds
funds
2021
f
2020
f
interest receivable
30
135
5 investments
interest receivable
5 investments
interest receivable

Unrestricted Unrestricted
funds funds
2021 2020
2
1,270 2,872

Charitable
a		 ctivi ties
Generated Comic S.S.S.G. The Esmee Total Total
Income Relief Fairbairn 2021 2020
Foundation
2021 2021 2021 2021
6 F
Staff costs 98,859 41,219 169,523 27,179 336,780 266,007
Depreciation and
impairment 876 365 1,503 241 2,985 3,675
Travel 329 137 565 91 1,122 15,842
Volunteer expenses 15 6 25 4 50 4,905
NYAS re-imbursement 48,920
Consultancy 9,559 3,986 16,392 2,628 32,565 10,179
Payroll/Pension
preparation 127 53 217 35 432 422
Occupancy 6,076 2,533 10,418 1,670 20,697 21,388
HR, legal &professional 884 369 1,516 243 3,012 3,281
Oflice running costs 4,541 1,894 7,788 1,249 15,472 10,287
Communications /
Facilitation 5,427 2,263 9,307 1,492 18,489 14,519
Bank Charges 92 39 159 25 315 466
Grant reimbursement 12,342 55,715 68,057 27,863
Training
&meeting costs		 4,815 2,007 8,255 1,323 16,400 57,770
143,942 54,871 281,383 36,180 516,376 485,524
Share ofsupport costs
(see note 8) 49,713 20,727 85,248 13,667 169,355 136,410
Share ofgovernance costs
(see note 8) 1,354 565 2,323 372 4,614 4,800
195,009 76,163 368,954 50,219 690,345 626,734
Analysis
by		 fund
Unrestricted funds 73,310 73,310 70,530
Restricted funds 121,699 76,163 368,954 50,219 617,035 556,204
195,009 76,163 368,954 50,219 690,345 626,734

For the year end ed 31 March 2020
Generated Comic S.S.S.G. The Esmee Total
Income Relief Fairbaim 2020
Foundation
Staff costs 78,085 32,556 133,899 21,467 266,007
Depreciation
and		 impairment 1,078 450 1,851 296 3,675
Travel 4,651 1,939 7,973 1,279 15,842
Volunteer expenses 1,440 600 2,469 396 4,905
NYAS re-imbursement 48,920 48,920
Consultancy 2,988 1,246 5,124 821 10,179
Payroll/Pension
preparation		 124 52 212 34 422
Occupancy 6,278 2,618 10,766 1,726 21,388
HR, legal &professional 963 402 1,651 265 3,281
Office running
costs		 3,020 1,259 5,178 830 10,287
Communications / Facilitation 4,262 1,777 7,308 1,172 14,519
Bank Charges 137 57 235 37 466
Grant reimbursement 27,863 27,863
Training
8 meeting costs		 16,958 7,070 29,079 4,663 57,770
119,984 50,026 282,528 32,986 485,524
Share ofsupport costs (see note 8) 40,042 16,696 68,664 11,008 136,410
Share ofgovernance costs (see note 8)
1,409 587 2,416 388 4,800
161,435 67,309 353,608 44,382 626,734
Analysis
by fund
Unrestricted
funds		 70,530 70,530
Restricted funds 90,905 67,309 353,608 44,382 556,204
161,435 67,309 353,608 44,382 626,734

8 Support cos ts
Support Governance 2021 Support Governance 2020
costs costs costs costs
6 f 5 6
Staff costs 144,334 144,334 114,003 114,003
Occupancy costs 12,685 12,685 13,109 13,109
HR costs 1,846 1,846 2,011 2,011
Office running costs 9,482 9,482 6,305 6,305
Payroll 1,008 1,008 982 982
Audit fees 4,614 4,614 4,800 4,800
169,355 4,614 173,969 136,410 4,800 141,210
Analysed
between
Charitable
activities		 169,355 4,614 173,969 136,410 4,800 141,210
Governance
costs includes		 payments
to the auditors of54,614(2020-		 F4,800)for audit fees.
9 Net movement
in funds		 2021 2020
8
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the audit ofthe company's
financial statements 4,614 4,800
Depreciation ofowned tangible fixed assets 2,985 3,675

2021 2020
Number Number
Direct Charitable expenditure 15 10
Management and administration 3 3
Total 18 13
Employment costs 2021 2020
8

Wages and salaries 426,672 337,735
Social security costs 33,475 28,299
Other pension costs 20,967 13,976
481,114 380,010

12 Tangible fix ed asset s
Flxtums end Computers Total
flttlnes equipment
6
Cost
At 1 April 2020 16,370 60,833 77,203
Additions 2,239 2,239
At 31 March 2021 16,370 63,072 79,442
Depreciation and impairment
At 1 April 2020 14,692 54,510 69,202
Depreciation charged in the year 393 2,592 2,985
At 31 March 2021 15,085 57,102 72,187
Carrying amount
At 31 March 2021 1,285 5,970 7,255
At 31 March 2020 1,678 6,323 8,001
13 Stocks
2021 2020
6 6
Finished goods and goods for resale 1,020 1,841

14 Debtors
2021 2020
Amounts
falling		 due within one year: 6
Trade debtors 6,500 8,000
Other debtors 30,343 17
Prepayments
and		 accrued income 8,107 40,099
44,950 48,116
15 Creditors: amounts falling due within one year
2021 2020
6
Trade creditors 18,651 19,615
Accruals and deferred income 60,424 5,272
79,075 24,887
16 Deferred income
2021 2020
6 f
Arising from grants 55,924 28,837
Deferred income is included
in the financial statements		 as follows:
2021 2020
f
Balance brought forward 28,837
Income received 643,515 474,138
Income released (616,428) (445,301)
Balance carried forward 55,924 28,837
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Movement
in funds
Inccmlna Balance at Transfers Balance at
rescsrces
f		 t April 2020f f 31March 2021
f
Business Development Fund 30,000 30,000
Project Closure/Redundance/Relocation Fund 50,000 50,000
80,000 80,000

(Continued)
64,846 87,830

23 Cash generated
from		 operations operations 2021 2020
6 6
Surplus for the year 133,814 32,671
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (30) (135)
Depreciation
and impairment
oftangible		 fixed assets 2,985 3,675
Movements
in working		 capital:
Decrease/(increase)
in		 stocks 821 (923)
Decrease/(increase)
in		 debtors 3,166 (31,049)
Increase/(decrease)
in		 creditors 54,188 (16,610)
Cash generated
from/(absorbed		 by) operations 194,944 (12,371)
24 Analysis ofchanges in net funds
The charity had no debt during the year.