|Contents ofthe Financial Statements|Contents ofthe Financial Statements|||| |---|---|---|---|---| |for the Year Ended 31March 2023||||| ||||Page|| |Report ofthe Trustees||1|to|6| |Report ofthe Independent
Auditors||7|to|10| |Statement ofFinancial Activities||||| |Balance Sheet||||| |Cash Flow Statement|||13|| |Notes to the Cash Flow Statement||||| |Notes to the Financial Statements||15|to|24| |Betonee Ctotoment nf mnnnrtn1|Arttvtttet|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||fo|r the Year|Ended 31March|2023||| |---|---|---|---|---|---|---|---| |||||||31.3.23|31.3.22| |||||Unrestricted|Restricted|Total|Total| |||||fund|funds|funds|funds| ||||Notes||||| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies||||16,124||16,124|24,454| |Charitable
activities|||||||| |Centre activities||||248,275|396,029|644,304|670,635| |Other income||||1,927||1,927|17,689| |Total||||266,326|396,029|662,355|712,778| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Centre activities
Staffcosts||||19,243
199,564|63,251
303,744|82,494
503,308|158,776
493,137| |Insurance
Light, heat and water||||3,097
11,155||3,097
11,155|2,757
7,477| |Cleaning||||766||766|788| |Repairs and maintenance||||10,761||10,761|5| |Printing,
postage and|stationery|||2,424||2,424|919| |Telephone
Travelling
and expenses||||1,776
4,209||1,776
4,209|4,238
1,727| |General activities||||24,151||24,151|| |Depreciation||||7,688|9,592|17,280|14,334| |Training|||||||3,195| |Accountancy
fees||||1,200||1,200|1,200| |Audit fees||||3,516||3,516|2,533| |Professional
fees||||11,137||11,137|111| |Computer
costs||||4,097||4,097|3,210| |Total||||304,784|376,587|681,371|694,407| |NET INCOME/(EXPENDITURE)
Transfers
between
funds|||16|(38,458)
140,494|19,442
(140,494)|(19,016)|18,371| |Net movement
in funds||||102,036|(121,052)|(19,016)|18,371| |RECONCILIATION|OF FUNDS||||||| |Total funds brought
forward||||337,780|191,165|528,945|510,575| |TOTAL FUNDS CARRIED FORWARD||||439,816|70,113|509,929|528,946| ## ## ||||||31.3.23|31.3.22| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|funds|funds|funds| |||Notes|f|||| |FIXEDASSETS||||||| |Tangible
assets||10|118,001|40,605|158,606|28,344| |CURRENT ASSETS
Debtors
Cash at bank and in hand|||16,948
404,843|58,328|16,948
463,171|20,150
546,134| ||||421,791|58,328|480,119|566,284| |CREDITORS||||||| |Amounts
falling|due within one year|12|(51,016)|(28,820)|(79,836)|(65,683)| |NET CURRENT ASSETS|||370,775|29,508|400,283|500,601| |TOTAL ASSETS LESSCURRENT LIABILITIES|||488,776|70,113|558,889|528,945| |CREDITORS||||||| |Ansounts
lhlllng|due niter uiore titan uoe year||(48,960)||(48,960)|| |NET ASSETS|||439,816|70,113|509,929|528,945| |FUNDS||16||||| |Unrestricted
funds|||||439,816|337,780| |Restricted
funds|||||70,113|191,165| |TOTALFUNDS|||||509,929|528,945| ## ||||||Cash Flow Statement||| |---|---|---|---|---|---|---|---| |||||for the|Year Ended 31March|2023|| |||||||31.3.23|31.3.22| |||||Notes|||f.| |Cash llows from operating|activities||||||| |Cash generated
from operations||||||64,579|(22,257)| |Net cash provided
by/(used|in) operating||activities|||64,579|(22,257)| |Cash llows from investing|activities||||||| |Purchase oftangible fixed assets||||||(147,542)|| |Net cash (used in)/provided|by investing||activities|||(147,542)|| |Change
in cash and cash equivalents||in|the||||| |reporting
period||||||(82,963)|(22,257)| |Cash and cash equivalents|at the beginning|||of|||| |the reporting
period||||||546,134|568,391| |Cash and cash equivalents|at the end|ofthe|||||| |reporting
period||||||463,171|546,134| ## ## ||RECONCILIATION
OF
ACTIVITIES|NET (EXPENDI|TURE)/INCOME
TO NET CASH FLO|W FROM OPERATI|NG| |---|---|---|---|---|---| |||||31.3.23|31.3.22| ||Net (expenditure)/income|for the reporting|period (as per the Statement of||| ||Financial
Activities)|||(19,016)|18,371| ||Adjustments
for:||||| ||Depreciation
charges|||17,280|14,334| ||Decrease in debtors|||3,202|19,767| ||Increase/(decrease)
in creditors|||63,113|(74,729)| ||Net cash provided
by/(used|in) operations||64,579|(22,257)| |Z.|ANALYSIS OF CHANGES IN 1)IETFUNDS||||| |ANALYSIS OF CHAN||GES IN 1)IETFUNDS|||| |---|---|---|---|---|---| ||||At 1.4.22|Cash flow|At 31.3.23| |||||8|| |Net cash|||||| |Cash at bank and in hand|||546,134|(82,963)|463,171| ||||546,134|(82,963)|463,171| |Debt|||||| |Debts falling due within||1 year|(16,158)|(3,844)|(20,002)| |Debts falling due after|1|year||(48,960)|(48,9(0)| ||||(lhi, 158)|(52,804)|(68,962)| |Total|||529,976|(135,767)|394,209| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND LE|GA|CIES||| |---|---|---|---|---| ||||31.3.23|31.3.22| |||||E| |Donations|||16,124|24,454| |INCOME FROM CHARITABLE ACTIVITIES||||| ||||31.3.23|31.3.22| |||Activity||| |Grants||Centre activities|588,875|621,683| |Other incoming resources||Centre activities|55,429|48,952| ||||644,304|670,635| |Grants received, included|in|the above, are as follows:||| ||||31.3.23|31.3.22| |Local council and community||grants|98,448|78,001| |Welsh Council for Voluntary||Action|52,501|74,023| |Children
In Need|||32,575|39,433| |Torfaen County Borough|Council||269,278|356,813| |Other grants|||45,561|44,480| |Gwent Police Fund|||40,315|20,157| |Capital Grant|||50,197|8,776| ||||588;875|621,683| ## ## ## |||||Support|| |---|---|---|---|---|---| ||||Direct|costs (see|| ||||Costs|note 5)|Totals| ||||f|f.|| ||Centre activities||82,494||82,494| ||Statf costs||487,742|15,566|503,308| ||Insurance||3,097||3,097| ||Light, heat and water||11,155||11,155| ||Cleaning||766||766| ||Repairs and|maintenance|10,761||10,761| ||Printing,
postage and stationery||2,424||2,424| ||Telephone||1,776||1,776| ||Travelling
and expenses||4,209||4,209| ||General activities||24,151||24,151| ||Depreciation||17,280||17,280| ||Accountancy|fees||1,200|1,200| ||Audit fees|||3,516|3,516| ||Professional|fees||11,137|11,137| ||Computer
costs|||4,097|4,097| ||||645,855|35,516|681,371
Governance| |5.|SUPPORT|COSTS|||| ||||||coals| ||Staff costs||||15,566| ||Accountancy|fees|||1,200| ||Audit fees||||3,516| ||Professional|fees|||11,137| ||Computer
costs||||4,097| ||||||35,516| ## ## |Net income/(expenditure)|is stated atter charging/(crediting):||| |---|---|---|---| |||31.3.23|31.3.22| |Auditors'
remuneration||3,516|2,533| |Auditors'
remuneration|for non audit work|1,200|1,200| |Depreciation
—owned assets||17,280|14,334| ## ## ## ## |||31.3.23|31.3.22| |---|---|---|---| |Wages|and salaries|467,450|455,746| |Social|security costs|25,756|23,878| |Other|pension costs|10,102|9,513| |||503,308|489,137| ||||31.3.23|31.3.22| |---|---|---|---|---| |Employees|||30|22| |Administration
and governance|||I|1| ||||31|23| |No employees
received emoluments|in excess off60,000.|||| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL||ACTIVITIES||| |||Unrestricted|Restricted|Total| |||fund|fundsf|funds| |INCOME AND ENDOWMENTS|FROM|||| |Donations
and legacies||24,454||24,454| |Charitable
activities||||| |Centre activities||274,211|396,424|670,635| |Other income||17,689||17,689| |Total||316,354|396,424|712,778| |EXPENDITURE ON||||| |Charitable
activities||||| |Centre activities||38,553|120,223|158,776| |Staff costs||220,337|272,800|493,137| |Insurance||2,757||2,757| |Light, heat and water||7,477||7,477| |Cleaning||788||788| |Repairs and maintenance||5||5| |Printing,
postage and stationery||919||919| |Telephone||4,238||4,238| |Travelling
and expenses||1,705|22|1,727| |Depreciation||1,875|12,459|14,334| |Training||3,095|100|3,195| |Accountancy
fees||1,200||1,200| |Audit fees||2,533||2,533| |Professional
fees||111||111| |Computer
costs||3,210||3,210| |Total||288,803|405,604|694,407| |NET INCOME/(EXPENDITURE)||27,551|(9,180)|18,371| ## ## ||||Notes to the Financial Statements
- continued
for the Year Ended 31March 2023|Notes to the Financial Statements
- continued
for the Year Ended 31March 2023|Notes to the Financial Statements
- continued
for the Year Ended 31March 2023||| |---|---|---|---|---|---|---|---| ||COM PARATIVES||FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||||| ||||||Unrestricted|Restricted|Total| ||||||fund|funds|funds| ||||||(3,683)|3,683|| ||Net movement
in funds||||23,868|(5,497)|18,371| ||RECONCILIATION|||OF FUNDS|||| ||Total funds brought||forward||313,913|196,662|510,575| ||TOTAL FUNDS CARRIED FORWARD||||337,781|191,165|528,946| |10.|TANGIBLE|FIXED||ASSETS|||| ||||||Fixtures||| |||||Short|and|Motor|| |||||leasehold|fittings|vehicles|Totals| ||COST||||||| ||At
1 April 2022|||124,588|107,420|16,800|248,808| ||Additions|||147,542|||147,542| ||ar 31 Marrh|7073||272 130|107.420|16.800|396.350| ||DEPRECIATION||||||| ||At
1 April 2022|||99,464|106,754|14,246|220,464| ||Charge for year|||16,147|494|639|17,280| ||At 31 March|2023||115,611|107,248|14,885|237,744| ||NET BOOK|VALUE|||||| ||At 31 March|2023||156,519|172|1,915|158,606| ||At 31 March|2022||25,124|666|2,554|28,344| |11.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|||||| |||||||31.3.23|31.3.22| ||||||||f| ||Trade debtors|||||13,087|17,406| ||Prepayments|and accrued income||||3,861|2,744| ||||||||20,150| ## ## ||||||||| |---|---|---|---|---|---|---|---| |12.|CREDITORS: AMOUNTS||FALLING DUE WITHIN||ONE YEAR||| |||||||31.3.23|31.3.22| ||||||||6| ||Other loans (see note 14)|||||20,002|16,158| ||Social security and other|taxes||||8,042|| ||Accruals and deferred
income|||||51,792|31,967| ||Deferred government
grants||||||17,557| |||||||79,836|65,682| |13.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||| |||||||31.3.23|31.3.22| ||Otherloans(see
note 14)|||||48,960|| |14.|LOANS||||||| ||An analysis ofthe maturity|ofloans is given below:|||||| |||||||31.3.23|31.3.22| |||||||f,|| ||Amounts
falling due within one year on demand:||||||| ||Other loans|||||20,002|16,158| ||Amounts
falling due between||two and five years:||||| ||Other loans
—2-5 years|||||33,456|| ||Amounts
falling due in more than five years:||||||| ||Repayable
by instalments:||||||| ||Other loans more 5yrs instal|||||15,504|| |15.|LEASING AGREEMENTS||||||| ||Minimum
lease payments|under non-cancellable||operating|leases fall due as follows:||| |||||||31.3.23|31.3.22| ||Within one year|||||5,448|5,448| ## ## ## ## |MOVEMENT|IN FUNDS|||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| |||AI|1.4.22|in funds|funds|31.3.23| |||||8||| |Unrestricted
funds||||||| |General fund||337,780||(38,458)|140,494|439,816| |Restricted funds||||||| |Counselling
Grant||56,452||(16,1 16)|(22,525)|17,811| |1318Lotteries|||8,205||(8,205)|| |Queens Award|||7,900||(7,900)|| |Active Inclusion|||7,106|(96)|(7,010)|| |Other Projects|||3,816|(134)|(3,682)|| |Capital Grant||||40,605||40,605| |Children
In Need||42,170||(8,254)|(25,772)|8,144| |AI Engagement|Gateway|||7,978|(7,978)|| |Community
Facilities Programme||29,926||(16,756)|(13,170)|| |Youth Support|Strategy|35,590|||(35,590)|| |OPCC||||3,553||3,553| |Safer Street||||8,662|(8,662)|| |||191,165||19,442|(140,494)|70,113| |TOTAL FUNDS||528,945||(19,016)||509,929| |Net movement|in funds, included|in the above are as follows:||||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||||f.| |Unrestricted
funds||||||| |General
fund||||266,326|(304,784)|(38,458)| |Restricted funds||||||| |Counselling
Grant||||221,576|(237,692)|(16,116)| |Active Inclusion|||||(96)|(96)| |Other Projects||||11,734|(11,868)|(134)| |Capital Grant||||50,197|(9,592)|40,605| |Children
In Need||||32,575|(40,829)|(8,254)| |A I Engagement|Gateway|||7,978||7,978| |Community
Facilities Programme|||||(16,756)|(16,756)| |OPCC||||40,315|(36,762)|3,553| |Safer Street||||31,654|(22,992)|8,662| |||||396,029|(376,587)|19,442| |TOTAL FUNDS||||662,355|(681,371)|(19,016)| ## ## ## ||||||Net|Transfers|| |---|---|---|---|---|---|---|---| ||||||movement|between|At| |||||At 1.4.21|in funds|fundsf|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| |Big Lotteries||||9,630|(1,425)||8,205| |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| |Al Engagement
Gateway||||3,091|4,015||7,106| |Community
Facilities Programme||||118,916|(88,990)||29,926| |Youth Support Strategy|||||35,590||35,590| |WG Winter Wellbeing||Fund|||419||419| |||||196,662|(9,180)|3,683|191,165| |TOTAL FUNDS||||510,575|18,371||528.946| |Comparative
net movement|||in funds, included|in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||fesollfces
f|expended|in funds
f.| |Unrestricted
funds|||||||| |General
fund|||||316,353|(288,802)|27,551| |Restricted funds|||||||| |Counselling
Grant|||||237,851|(199,692)|38,159| |Big Lotteries||||||(1,425)|(1,425)| |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| |AI Engagement
Gateway|||||57,865|(53,850)|4,015| |Community
Facilities Programme||||||(88,990)|(88,990)| |Youth Support Strategy|||||36,250|(660)|35,590| |WG Winter Wellbeing||Fund|||6,224|(5,805)|419| ||||||396,425|(405,605)|(9,180)| |TOTAL FUNDS|||||712,778|(694,407)|18,371| |Transfers
between|funds||||||| ## ## ## ## ## |||Detailed Statement ofFinancial Activities||| |---|---|---|---|---| |||for the Year Ended 31March 2023||| ||||31.3.23|31.3.22| |INCOME AND ENDOWMENTS||||| |Donations
and legacies||||| |Donations|||16,124|24,454| |Charitable
activities||||| |Grants|||588,875|621,683| |Other incoming
resources|||55,429|48,952| ||||644,304|670,635| |Other income||||| |Furlough
claim||||17,614| |Room hire|||1,927|75| ||||1,927|17,689| |Total incoming
resources|||662,355|712,778| |EXPENDITURE||||| |Charitable
activities||||| |Wages|||451,884|444,510| |Social security|||25,756|23,878| |Pensions|||10,102|9,513| |Insurance|||3,097|2,757| |Light and heat|||11,155|7,477| |Telephone|||1,776|1,814| |Postage and stationery|||2,424|3,343| |Cleaning
and caretaking|||1,052|788| |Centre activities|||117,120|162,781| |Travelling
and expenses|||4,209|1,727| |Training||||3,195| |Depreciation oftangible|fixed assets||17,280|14,334| ||||645,855|676,117| |Support costs||||| |Governance
costs||||| |Wages|||15,566|11,236| |Auditors'
remuneration|||3,516|2,533| |Auditors'
remuneration|for non audit|work|1,200|1,200| |Professional
fees|||11,137|111| |Computer
costs|||4,097|3,210| ||||35,516|18,290| |Total resources expended|||681,371|694,407| |Net (expenditure)/Income|||(19,016)|18,371|