OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Contents ofthe Financial Statements
rer the Year Faelesl 31Marsh 2022
Page
Report ofthe Trustees 1 to 6
Report ofthe Independent
Auditors		 7 to 10
Statement ofFinancial Activities
Balance Sheet 12
Cash Flow Statement 13
Notes to the Caslt Flow Statement 14
Notes to the Financial Statements 15 to 23
Detailed Statement ofFinancial Activities 24

Steve Brooks resigned 25.10.2022
David Collins resigned 28.04.2022
Stuart Ashley
Mike Johnston resigned 26.01.2022
David Daniels
Fiona Cross
Colin Crick appointed 04.07.2022
Rhiannon
Bennett (Chairwoman)		 appointed 04.07.2022
Steve Wharton appointed 04.07.2022
Louise Lloyd -Tolman appointed 04.07.2022

31.3.22 31.3.21
Unrestricted Restricted Total Total
fund funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 24,454 24,454 35,735
Charitable
activities
Centre activities 274,211 396,424 670,635 819,219
Other income 17,689 17,689 52,419
Total 316,354 396,424 712,778 907,373
EXPENDITUREON
Charitable
activities
Centre activities 38,553 120,223 158,776 152,325
Staffcosts 220,336 272,800 493,136 368,510
Insurance 2,757 2,757 2,616
Light, heat and water 7,477 7,477 4,748
Cleaning 788 788 ill
Repairs and mamtenance 5 5
Printing,
postage and stationery		 919 919 3,018
Telephone 4,238 4,238 1,366
Travelling
and expenses		 1,705 22 1,727
General
activities		 406
Depreciation 1,875 12,459 14,334 15,229
Training 3,095 100 3,195
Accountancy
fees		 1,200 1,200 2,533
Audit fees 2,533 2,533 1,200
Professional
fees		 111 111 44
Computer
costs		 3,210 3,210 3,052
Total 28S,S02 405,604 694,406 555,158
NET INCOME/(EXPENDITURE) 27,552 (9,180) 18,372 352,215
Transfers between funds 15 (3,683) 3,683
Net movement
in		 funds 23,869 (5,497) 18,372 352,215
RECONCILIATION OF FUNDS
Total funds brought forward 313,913 196,662 510,575 158,360
TOTAL FUNDS CARRIED FORWARD 337,782 191,165 528,947 510,575

31Mar ch 2022
31.3.22 31.3.21
Unrestricted Restricted Total Total
fund funds funds funds
Notes f f.
FIXEDASSETS
Tangible assets 10 10,787 17,557 28,344 42,678
CURRENT ASSETS
Debtors 20,150 20,150 39,917
Cash at bank and in hand 344,969 201,166 546,135 568,391
365,119 201,166 566,285 608,308
CREDITORS
Amounts
falling due within		 one year 12 (38,125) (27,557) (65,682) (140,411)
Ngr TCURRENT ASSETS 326,994 173,609 500,603 467,897
TOTAI. ASSETSLESS CURRENT LIABILITIES 337,781 191,166 528,947 510,575
NET ASSETS 337,781 191,166 528,947 510,575
FUNDS 15
Unrestricted
funds		 337,781 313,913
Resiricivd
furrds		 191.166 1oG 66'|
TOTAL FUNDS 528,947 510,575
The financial
statements		 were approved by the Board ofTrustees and authorised for issue on ............7&.!.......!..................
gyl.glg &g		 snd
were
dgeed nn its hehslfbv:

fo r the Year Ended 31March 2022
31.3.22 31.3.21
Nates 6
Cash flows from operating activities
Cash generated
&om operations		 (22,256) 403,085
Net cash (used in)/provided by operating activities (22,256} 403,085
Cash flows from financing activities
New loans in year 16,158
Net cash provided
by tinsucing		 activities 16,158
Change in cash and cash equivalents in the
reporting
period		 (22,256) 419,243
Cash and cash equivalents at the beginniag ef
the reperting
period		 568,391 149,148
Cash and cash equivalents at the end ofthe
reporting period 546,135 568,391

Notes to the Cash Flow Statement
for the Year Ended 31March 2022		 Notes to the Cash Flow Statement
for the Year Ended 31March 2022		 Notes to the Cash Flow Statement
for the Year Ended 31March 2022		 Notes to the Cash Flow Statement
for the Year Ended 31March 2022
RECONCILIATION OFNET INCOME TONET CASH FLOW FROM OPERATING ACTIVITIES
31.3.22 31.3.21
f
Net income for the reporting period (as per the Statement of Financial
Activities) 18,372 352,215
Adjustments for:
Depreciation charges 14,334 15,229
Decrease/(increase) in debtors 19,767 (24,455)
(Decrease)/increase in creditors (74,729) 60.096
Net cash (used in)/provided by operations (22,256) 403.085
2. ANALYSIS OFCHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
6
Net cash
Cash at bank and in hand 568,391 (22,256) 546,135
568,391 (22,256) 546,135
Debt
Debts falling dne within 1 year (16,158) (16,158)
'Ic
1		 Icos
'
r		 (16.158)
Total 552,233 (22,256) 529,977

DONATIO N S
AND LE		 GA CIES
31.3.22 31.3.21
8 f
Donations 24,454 35,735
INCOME FROM CHARITABLE ACTIVITIES
31.3.22 31.3.21
Activity
Grants Centre activities 621,6S3 768,023
Other incoming resources Centre activities 48,952 51,196
670,635 819,219
Grants received, included in the above, are as follows:
31.3.22 31.3.21
f
Local council and community grants 78,001 68,001
Welsh Council for Voluntary Action 74,023 87,976
Children
In		 Need 39,433 48,432
Torfaen County Borough Council 356,813 314,984
Other grants 44,480 11,281
Gwent Police Fund 20,157 50,393
Capital Grant 8,776 186,956
621,683 768,023
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 5) Totals
f.
Centre activities 158,776 158,776
Staffcosts 481,900 11,236 493,136
Insurance 2,757 2,757
Light, heat and water 7,477 7,477
Cleamng 788 788
Repairs and maintenance 5 5
Printing, postage and stationery 919 919
Telephone 4,238 4,238
Travelling
and expenses		 1,727 1,727
Depreciation 14,334 14,334
Tfalltlllg 3,195 3,195
Accountancy fees 1,200 1,200
Audit fees 2,533 2,533
Pmfessional fees 111 111
Computer costs 3,210 3,210
676,116 18,290 694,406

SUPPORT COSTS
OU vUiilaiicc
costs
f
Staffcosts 11,236
Accountancy fees 1,200
Audit fees 2,533
Professional fees 111
Computer costs 3,210
18,290
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated ader charging/(crediting):
31.3.22 31.3.21
f
Auditors'
remuneration		 2,533 2,533
Auditors'
remuneration		 for non audit work 1,200 1,200
Depreciation - owned assets 14,334 15,229

31.3.22 31.3.21
Wages and salaries 455,745 341,796
Social security costs 23,878 18,600
Other pension costs 9,513 8,117
489,136 368,513
31.3.22 31.3.21
Employees 22 21
Administration and governance 1 1
23 22

Notes to the Financial Statements - continued
for the Year Ended 31March 2022		 Notes to the Financial Statements - continued
for the Year Ended 31March 2022		 Notes to the Financial Statements - continued
for the Year Ended 31March 2022		 Notes to the Financial Statements - continued
for the Year Ended 31March 2022
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 35,735 35,735
Charitable
activities
Centre activities 317,185 502,034 819,219
Other income 52,419 52,419
Total 405,339 502,034 907,373
EXPENDITURE ON
Charitable
activities
Centre activities 60,422 91,903 152,325
Staffcosts 160,054 208,456 368,510
Insurance 2,616 2,616
Light, heat and water 4,748 4,748
Cleaning 111 111
Printing,
postage and stationery		 3,018 3,018
Telephone 1,366 1,366
General activities 406 406
Depreciation 2,770 12,459 15,229
Accountancy
fees		 2,533 2,533
Audit fees 1,200 1,200
Professional
fees		 44
Computer
costs		 3,052 3,052
Total 242,340 312,818 555,158
NET INCOME 162,999 189,216 352,215
Transfers
between funds		 (2,923) 2,923
Net movement
in		 funds 160,076 192,139 352,215
RECONCILIATION OFFUNDS
Total funds brought
forward		 153,837 4,523 158,360
TOTAL FUNDS CARRIED FORWARD 313,913 196,662 510,575

TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings
I		 vehicles
I		 Totals
COST
At I April 2021 and 31 March 2022 124,588 107,420 16,800 248,808
DEPRECIATION
At I April 2021 87,005 105,730 13,395 206,130
Charge for year 12,459 1,024 851 14,334
At 31 March 2022 99,464 106,754 14,246 220,464
NKT BOOK VALUE
At 31 March 2022 25,124 666 2,554 28,344
At 31 March 2021 37,583 1,690 3,405 42,678
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
Trade debtors 17,406 37,753
Prepayments and accrued income 2,744 2,164
20,150 39,917
CREDITORS: AMOUNI'8 FALLING DUK WITHIN ONK YEAR
31.3.22 31.3.21
Other loans (see note 13) 16,158 16,158
Trade creditors 61,993
Accruals and deferred income 31,967 35,927
Deferred government grants 17,557 26,333
65,682 140,411

31.3.22 31.3.21
Within one year 5,448
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
Unrestricted
funds
General fund 313,913 27,551 (3,683) 337,781
Restricted
funds
Counselling
Grant		 18,293 38,159 56,452
BigLotteries 9,630 (1,424) 8,206
Queens Award 8,000 (100) 7,900
Other Projects 3,397 3,397
Capital Grant (3,683) 3,683
Children
In Need		 38,732 3,438 42,170
AI Engagement
Gateway		 3,091 4,015 7,106
Community
Facilities Programme		 118,916 (88,990) 29,926
Youth Suppott Strategy 35,590 35,590
WG Winter Wellbeing Fund 419 419
196,662 (9,179) 3,683 191,166
TOTALFUNDS 510,575 18,372 528,947
Net movement
in funds, included		 in the above are as follows:
Incoming Resources Movement
resources expended
f		 in funds
f.
Unrestricted
funds
General
fund		 316,353 (288,802) 27,551
Restricted funds
Counselling
Grant		 237,851 (199,692) 38,159
BigLotteries (1,424) (1,424)
Queens Award (100) (100)
Other Projects 10,027 (6,630) 3,397
Capital Grant 8,776 (12,459) (3,683)
Children
In Need		 39,432 (35,994) 3,438
Al Engagement
Gateway		 57,865 (53,850) 4,015
Community
Facilities Pmgramme		 (88,990) (88,990)
Youth Support Strategy 36,250 (660) 35,590
WG Winter Wellbeing Fund 6,224 (5,805) 419
396,425 (405,604) (9,179)
TOTALFUNDS 712,778 (694,406) 18,372

Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
f.
Unrestricted
funds
General fund 153,837 162,999 (2,923) 313,913
Restricted funds
Counselling
Grant		 (18,540) 36,830 18,290
BigLotteries 9,630 9,630
Queens Award 8,000 8,000
Capital Grant (3,683) 3,683
Children
In Need		 5,433 33,300 38,733
Savy Project 760 (760)
Al Engagement Gateway 3,093 3,093
Community
Facilities Programme		 118,916 118.9I6
4,523 189,216 2,923 196,662
TOTALFUNDS 158,360 352,215 510,575
Comparative
net		 movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
f
Unrestricted
funds
General fund 405,339 (242,340) 162,999
Restricted funds
Counselling
Grant		 218,367 (181,537) 36,830
Capital Grant 8,776 (12,459) (3,683)
Children In Need 48,432 (15,132) 33,300
Savy Project 760 760
AI Engagement Gateway 39,503 (36,410) 3,093
Community
Facilities Programme		 186,956 (68,040) 118,916
502,034 (312,818) 189,216
TOTALFUNDS 907,373 (555,158) 352,215

for the Year Ended 31 March 2022
31.3.22 31.3.21
INCOME AND ENDOWMENTS
Donations
and		 legacies
Donations 24,454 35,735
Charitable
activities
Grants 621,683 768,023
Other incoming resources 48,952 51,196
670,635 819,219
Other income
Furlough
claim		 17,614 52,419
Roam hire 75
17,689 52,419
Total incoming resources 712,778 907,373
EXPENDITURE
Charitable
activities
Wages
Social security		 444,509
23,878		 337,871
18,600
Pensions 9,513 8,117
Insurance 2,757 2,616
Light snd heat 7,477 4,748
Telephone 1,814 1,366
Postage and stationery 3,343 3,424
Cleaning
and caretaking		 788 111
Centre activities 162,781 125,601
Trsvelhng
snd		 expenses 1,727 52
Training 3,195 1,366
Depreciation oftangible fixed assets 14,334 15,229
Exceptional
items		 25,303
676,116 544,404
Support costs
Governance costs
Wages 11,236 3,925
Auditors'
remuneration		 2,533 2,533
Auditors'
remuneration		 for non audit work 1,200 1,200
Professional fees 111 44
Computer costs 3,210 3,052
18,290 10,754
Total resources expended 694,406 555,158
Net income 18,372 352,215