|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||
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|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|
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||||||||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:|||||||||
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|||||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|
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|||||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|
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|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|
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|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|
##
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|||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|
##
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|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|
##
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|||||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|
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|||||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|
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||||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|