COMPANY REGISTRATION NUMBER: 5664708 CHARITY REGISTRATION NUMBER: 1113303 Duffryn Community Link Company Limited by Guarantee Financial Statements 31 March 2024 WALTER HUNTER & CO LIMITED Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF
Duffryn Community Link Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 15 Statement of financial position 16 Statement of cash flows 17 Notes to the financial statements 18
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Dufftyn Community Link Charity registration number 1113303 Company registration number 5664708 Principal office and registered Unit 6 office Dufftyn Shopping Centre Dufftyn Newport South Wales NP10 8TE The trustees L Allcoat EWBerry R Heley R Howells G Timmins l M Tucker T Watkins A Screen (Appointed 19 July 2023) (Resigned 12 September 2023) Auditor ZOE GOODIMN Bsc FCA Walter Hunter & Co Limited Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Structure, governance and management The charity is controlled by its governing document, Memorandum and Articles of Association, and constitutes a company limited by guarantee, as defined by the Companies act 2006. The DCL Board of TrusteeslDirectors currently stands at a total of 8 people, which has supported an environment of improved governance throughout the organisation. DCL is looking to further strengthen the current Board. The powers of the Trustees are laid out in the Memorandum and Articles of Association. A quorum for decision making is when at least one third of the members of the Management Committee are present at the meeting. Decisions are determined by the majority of votes and the Chairperson will have the casting vote when required. At the Annual General Meeting (AGM) of the charity. the members shall elect the Management Committee. The Committee shall consist of no less than 5 Trustees and no more than 15 Trustees. Trustees shall remain in ofFice for 3 years with one third resigning at each AGM. Induction and training of new trustees The charity has a comprehensive induction training programme. Following the initial induction a range of training opportunities are provided with particular regard to governance.
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Objectives and activities Purposes and Aims To improve the quality of life for the residents of Duffryn and the surrounding area by providing an umbrella body for community groups in the area to" Assist community groups to meet their objectives" Secure fijnding on behalf of communty groups. Work with other community groups, the local authority and local businesses to promote community participation and develop partnerships. To support and develop existing groups and implement new ideas and project. Provide a programme of training for community organisers and volunteers. Promote joint working and c¢x)rdinate community activity.. Produce an annual diary of events to ensure that group activities, existing projects and fundraising are co-ordinated to a high standard. Organise regularjoint events with partners. Provide opportunities for information exchange, including the cwrdination of funding bids. Provide a single point of contact for agencies wanting to work with the community. Provide a forum for conflict resolution between groups. Develop a joint estate action plan= Undertake joint planning to define and prioritise the needs of the Duffryn and surrounding area. Work with partners to audit community provision and identify ways to improve Servi$. Express the needs of the relevant agencies and ensure that any changes and improvements are dealt with accordingly. Develop community solutions through joint solutions through joint working partnerships. Public Benefit We have referred to the guidance contained in the Charity Commissioners general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned acb'vities will contribute to the aims and objectives they have set. The Trustees of Duffryn Community Link wish to confirm that they have regard concerning the public benefit in the running of the organisation. The main activities undertaken to further the charity's purpose for the public benefit are detailed throughout this report.
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Fundraising Activities The charity relies on grant aid from donors identified in the accounts whose support is valued, as well as social enterprise within aspects of the organisation. DCL has been successful in gaining funding and social enterprise for various aspects throughout the organisation and are extremely thankful for all funding opportunities. DCL has been successful in gaining funding from.. Newport City Council to run out of school provisions. Oakdale Trust to help cover the operating costs of our foodbank. Awards For All Extra help with costs associated with our centre move Awards For All Funds to help with the cost-of-living crisis- expansion of services The Oakdale Trust Operating costs for foodbank Millenium Stadium Charitable Trust Lauren to deliver sport sessions to TPPS GAVO - Cash 4 u Grant Various reSoUrS for youth club (sports) GAVO Sustainable Food Capital Grant Various resourceslkit to benefit our foodbank MOOndan Youth provision and foodbank supplies Newport Community Endowment Fund Foodbank Clybiau Plant Cymru Sustaining our Breakfast Club provision Watertoo Foundation Wellbeinglyouth sessions in schools and community GAVO Warm Hub sessions Participatory Budget Newport Raising Hope Dementia fund support group Gwent Nurture Fund Sports equipment for Youth
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Achievements and performance Operations and perft)rmance. Duffryn Community Link went through major changes in the first six months of the year, DCL moved their headquarters from the Forest Family Centre in June 2023 to Unit 6, Duffryn Shopping Centre. This has had a huge impact on the organisation. it's seNice users and the local community. Woodlands Routes to Wellbein The project continues to go from strength to strength. Our dedicated team of volunteers have continued to make significant improvements to the Dufftyn Woodland. Most of the laurel has been removed and with native species being re-planted the woods are opening up to be a natural woodland area again. With the completion of the acSsible path through the orchard area of the woodlands and the steps built into the hill in the middle of the woods the area has now been opened up and made accessible for everyone to enjoy all year round. As well as our regular volunteers, we often work in partnership with the Youth Offending se1 who brings young people at risk of entering the criminal Justi system to aid in the improvement of Duffryn Woodland. Keep Wales Tidy and our volunteers continue to maintain the Allotment. In June a new project involving Tredegar Park Primary School saw the children learn to grow their own produ and maintain their patch. Pla Team The Woodland Routes to Wellbeing Play Team continued to offer free open access play sessions throughout the green spaces in Dufftyn and at Tredegar House four days a week. The sessions continued to give the local children an outlet to play independently, engage in risky play and reconnect with their natural play spaces. The team continue to support additional provisions alongside the Youth Team such as Fit and Fed and SHEP and wider community clean-up projects across Duffryn. In the summer they delivered a successful National Play day at Tredegar House that saw over 600 people attend. In the Autumn a new outdoor Parent and Toddler group was establish, sessions were delivered from Tredegar House gardens, this group was very well attended and saw keen interest from the wider community. Communi Su ort The support DCL provides ensures the community continues to go from strength to strength. n Foodbank In Partnership with Fareshare and Jesus Cares, our weekly foodbank continues to operate out of Duffryn Community Centre. There are approximately 50 foodbank members that are currently being supported. Due to the continued lack of supermarket surplus being delivered by Fareshare, DCL have been able to further support our foodbank members by providing fresh meat from a local butcher, through secured funding. This has been a much-needed help to our families in need. DCL continues to provide emergency food parcels to families in need as and when required. We have 4 community volunteers that devote their time each week to support the delivery of this vital project, without them it would not be possible. Wellbein We have a number of wellbeing and support avenues being offered weekly. This includes.'_ Children Counselling sessions on a 1..1 basis to children of Tredegar Park Primary and John Frost High School. Adult Wellbeing Support Group Armchair Yoga session in Aneurin Bevan Court Zumba delivered from the gym in John Frost High School tsvice weekly
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Communi Café The cafe closed in May 2023 due to the works being carried out and Tredegar Park Primary School taking over most of the centre. This is a huge loss to the community as it was not only a safe space, it was a lovely warm environment where members of the local community could get support help and advice as well as be kept up to date about what was going on in the area. Parent & Toddler Grou Duffryn Community Link still supports the Parent and Toddler Group for 0-5 year-olds for the community,. this is run on a weekly basis by the parents. The group is such a success, the parents and children that attend have become such good friends and have play dates outside of the group. In June the group relocated to Duffryn Community Centre, which is a larger venue, enabling us to extend the group. We took this opportunity to rebrand, and the group became Duffryn Ducking's. Numbers have increased steadily over the year. Childcare Provision Our Childcare setting has faced numerous challenges this year due to the building works being carried out by Newport City Council and Newport Norse in the Forest Family Centre. Tredegar Park Primary have taken over 213 of the building and our childcare provision occupies 113 and are located at the front of the building. We worked closely with CIW, ensuring the changes were compliant. The new setting opened in September 2023. In April July 2023 our intake was consistent. From September 2023, Initially our numbers were low mainly due to the low intake of Nursery children at Tredegar Park Primary School, in particular the AM session. Following January's intake our numbers picked up overall. In November when our Playgroup and Out of School club merged as one provision. DCL decided to change the name and rebrand the childcare provision. The children, parents and the community were consulted and following a poll the community chose Rabbit Hill Daycare. Despite the challenges it has been a wonderful year. We have celebrated lots of events with the children, our parent interaction days have been a favourite of the staff - they are always very well attended, and we receive great feedback and lovely comments. We have also handed out parent, staff and children questionnaires this year and we received more amazing feedback about our childcare provision. Youth Provision Our youth provision has grown and developed a lot during the last year. We have a well*stablished and respected youth team who runs a variety of youth work sessions, projects and activities. As a team we run Youth Club sessions twice weekly where our numbers have gone up greatly and we are estimating a steady rise in the upcoming months. We are getting a larger influx of 14 - 16-year-olds attending which is extremely positive as previously we found this age group harder to reach. We also run Outreach sessions, in-school Nurture InteNentions and out-of-school holidaylhalf term programs. We also take part in and support a variety of community events both within and outside of DCL. Having been successful in receiving a variety of funding streams we have been able to maintain our delivery. We have also been able to tske on students who are currently undertaking their youth work qualifications and are incredible assets to our team.
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Partnership work and our funders have helped us to undertake some amazing youth work this year and we look forward to continuing and developing even more. We have worked in partnership with several organisations such as Gwent N-Gage, Gwent Police. Celtic Manor, Newport City Council, local businesses in Dufftyn, and local schools. The John Frost High School works with us very closely and to be a base for not only our youth club. but for our out-of-school programs. We thank all of our funders and partners and look forward to continued and new working relationships going forward. Financial review The statement of financial activities shows an overall net deficit for the year of £41,654 consisting of an unrestricted deficit after transfers of £30.314 and a restricted deficit of £11,340. Reserves policy The Board of TrusteeslDirectors have established a policy whereby the unrestricted funds are not committed or invested in tangible assets (the free reserves held by the charity should be set at a target of £250,000 in general funds). At this level the Board of TrusteeslDirectors feels they would be able to continue the current activities of the charity for a very short period of time, in the event of a significant reduction in funding. Plans for future periods Future plans In February 2028, the 25-year lease for our Childcare setting will expire. Duffryn Community link will actively look for new premises in the area. Duffryn Community Link would like a Community Hub for all DCL service delivery and to include a community café for the residents. This will provide training opportunities to the community and extend our partnership working with agencies that can provide the community with the help and support they need. Dufftyn Community link have put together their business plan outlining the company's goals, strategies and financial projections. It provides a detailed description of the business, including its service delivery for the next 5 years. Duffryn Community Link will continue to Sour and apply for funding to ensure the effective running of all projects and service delivery to the community. We will continue to focus on the cost-of-living crisis as the community are still in great need of our support. We are aiming to source funding and donations from local businesses to help improve and increase the support we can give our Foodbank. DCL are focusing on building and maintaining relationships with a variety of additional partnership organisations and businesses. These partnerships are crucial as it allows us to expand our support neOrk as well as allowing us to draw on the experiences of a wider range of stskeholders.
Duffryn Community Link Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure. for that period. In preparing these financial statements, the trustees are required to= select suitable accounting policies and then apply them consistentty- observe the methods and principles in the applicable Charities SORP- make judgments and accounting estimates that are reasonable and prudent; stste whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of approval of this report confirms that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to estsblish that the charity's auditor is aware of that information. 10 Dec 2024 The trustees, annual report and the strategic report were approved on on behalf of the board of trustees by= and signed EWBery Trustee
Duffryn Community Link Company Limited by Guarantee Independent Auditor's Report to the Members of Duffryn Community Link Year ended 31 March 2024 Opinion We have audited the financial statements of Dufftyn Community Link (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally ACpted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of reSoUrs. including its income and expenditure, for the year then ended" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going conrn are described in the relevant sections of this report.
Duffryn Community Link Company Limited by Guarantee Independent Auditor's Report to the Members of Duffryn Community Link (continued) Year ended 31 March 2024 Other infomiation The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial ststements does not cover the other information and, except to the extent otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othewise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements" and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns,. or rtain disclosures of trustees, remuneration specified by law are not made., or we have not received all the infomation and explanations we require for our audit. 10
Duffryn Community Link Company Limited by Guarantee Independent Auditor's Report to the Members of Duffryn Community Link (continued) Year ended 31 March 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so.
Duffryn Community Link Company Limited by Guarantee Independent Auditor's Report to the Members of Duffryn Community Link (continued) Year ended 31 March 2024 Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonabty be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. By enquiring with senior management and those charged with governance all area of risk identified were considered and any potential litigats-on or claim. if any, were noted Ensuring by enquiry that there were no issues of non-compliance with laws and regulations relating to tax and compliance By obtaining an understanding of the company's policies and procedures on compliance with laws and regulations, and with best accounting practice Noting issues discussed with Directors and the Senior Management Team as this relates to risks faced by the company Reviewing information received from the company's solicitors, if any and discussing their contents with the Directors Reviewing disclosures in the financial statements and testing to supporting documentation to assess compliance with applicable laws and regulations Auditing the risk of management overrides of controls including testing journal entries and other adjustments for appropriateness and evaluating the business rationale of significant transactions outside the nomal course of business Through these procedures, we did not become aware of actual or suspected non-compliance. 12
Duffryn Community Link Company Limited by Guarantee Independent Auditor's Report to the Members of Duffryn Community Link (continued) Year ended 31 March 2024 As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also= Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going conrn basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However. future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation. structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 13
Duffryn Community Link Company Limited by Guarantee Independent Auditor's Report to the Members of Duffryn Community Link (continued) Year ended 31 March 2024 We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body. for our audit work, for this report, or for the opinions we have formed. ZOE GOODWIN Bsc FCA (Senior Statutory Auditor) For and on behalf of Walter Hunter & Co Limited Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF 10 Dec 2024 14
Duffryn Community Link Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities other trading activities Investment income 2,510 7,533 120,229 2,435 2,510 447,083 120,229 2,435 490 514,008 105,060 579 439,550 Total income 132,707 439,550 572,257 620,137 Expenditure Expenditure on raising funds.. Costs of other trading activities Expenditure on charitable activities Total expenditure 113,713 36,839 113,713 500,198 106,258 546,271 10,11 463,359 150,552 463,359 613,911 652,529 Net expenditure (17,845) {23,809) (41,654) (32,3921 Transfers beeen funds (12,469) 12,469 Net movement in funds (30,314) (11,340) (41,654) (32,3921 Reconciliation of funds Total funds brought forward Total funds carried forward 221,711 50,907 272,618 305,010 191.397 39.567 230,964 272,618 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 18 to 35 forni part of these financial statements. 15
Duffryn Community Link Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 18 6,326 21,045 Current assets Debtors Cash at bank and in hand 19 8,850 302,951 41,598 290,338 311,801 331,936 Creditors: amounts falling due within one year Net current assets 20 87,163 80,363 224,638 251,573 Total assets less current liabilities 230,964 272,618 Net assets 230,964 272,618 Funds of the charity Restricted funds Unrestricted funds 39,567 191,397 50,907 221,711 Total charity funds 23 230,964 272,618 These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by- 10 Dec 2024 EWBery Trustee The notes on pages 18 to 35 forni part of these financial statements. 16
Duffryn Community Link Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Net expenditure (41,654) (32,3921 Adjusfn7ents for." Depreciation of tangible fixed assets other interest receivable and similar income Interest payable and similar charges Accrued (income)lexpenses 16,669 (2,435) 415 (2,440) 9,940 (579) 116 442 Changes in." Trade and other debtors Trade and other creditors 32,748 9,240 28,205 {1,683) 4,049 Cash generated from operations 12,543 Interest paid Interest received (415) 2,435 (116) 579 Net cash from operating activities 14,563 4,512 Cash flows from investing activities Purchase of tsngible assets Net cash used in investing activities (1,950) (1,950) (20,6011 (20,6011 Net increasel{decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 12,613 290,338 (16,0891 306,427 302,951 290,338 The notes on pages 18 to 35 forni part of these financial statements. 17
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered Offi is Unit 6, Dufftyn Shopping Centre, Dufftyn, Newport, South Wales, NP10 8TE. Statement of compliance These financial statements have been prepared in Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling. which is the functional currency of the entity rounded to the nearest pound. Going concem Since Duffryn Community Link has moved from the Forest Family Centre, we have continued to face significant financial pressures due to our overheads doubling. We are still in discussions with the primary school and the local authority regarding a change of license agreement to reflect the reduction in space occupied by our childcare facility. Over the past year we have continued to see a significant impact of the cost of living crisis on our community. This has also directly impacted on our expenditure across most of our projects, in particular the cost of food within youth, childcare and foodbank. We anticipate the cost-of-living crisis will continue to impact on our community greatly over the coming year. DCL will continue to source additional funding to help combat the shortfall. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 18
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Accounting policies (continued) Income tsx As a registered charity, the charity is exempt from income tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of Financial Activities. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are included in the ststement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Income tax As a registered charity, the charity is exempt from income tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of Financial Activities 19
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Accounting policies (continued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the ststement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Equipment Improvements to property 25 % p-a. Straight Line basis Over the life of the grant 20
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Accounting policies (continued) Impairnient of fixed assets A review for indicators of impaiment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount re1vable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The charity is incorporated under the Companies Act 2006 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter. There are 7 members of the company (2023.. 7 members). Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations 2,510 2,510 2,510 2,510 21
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Donations and legacies (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Donations 490 490 490 490 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Big Lottery fund Welsh Government 30 Hour childcare offer Police and Crime Commissioners High Sheriff Garfield Western NCC Children & Communities Food and Fun Families First Clybiau Plant Cymru GAVO HSPSS Gardening cooking grant Street Games - Youth Grant Henry Smith - Core Henry Smith - Community Delivery Hedley Foundation National Trust Foodbank membership Awards For All Oakdale Trust- food povety Newport City Council Wellbeing Camp Newport City Council BBC Children in Need Moondance Foundation Community Foundation Wales HAF 219,049 54,538 12,000 5,000 20,000 219,049 54,538 12,000 5,000 20,000 18,323 18,323 2,000 4,255 2,000 4,255 32,360 6,640 4,850 650 32,360 6,640 4,850 650 7,533 20,000 2,000 7,500 2,802 10,000 16,583 1,000 7,533 20,000 2,000 7,500 2,802 10,000 16,583 1,000 7,533 439,550 447,083 22
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Charitable activities (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Big Lottery fund Welsh Government 30 Hour childcare offer Police and Crime Commissioners High Sheriff Garfield Western NCC Children & Communities Food and Fun Families First Clybiau Plant Cymru GAVO HSPSS Gardening cooking grant Street Games - Youth Grant Henry Smith - Core Henry Smith - Community Delivery Hedley Foundation National Trust Foodbank membership Awards For All Oakdale Trust - food poverty Newport City Council Wellbeing Camp Newport City Council BBC Children in Need Moondance Foundation Community Foundation Wales HAF 213,102 66,578 16,805 5,000 15,000 15,000 10,000 56,052 680 2,245 200 7,000 32,360 6,640 213,102 66,578 16,805 5,000 15,000 15,000 10,000 56,052 680 2,245 200 7,000 32,360 6,640 7,885 7,885 5,000 5,000 13,601 10,000 21,250 13,601 10,500 21,250 500 9,110 9,110 8,385 505,623 514,008 other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Childcare fees Fundraising events Cafe Venue Hire 118,355 863 936 75 118,355 863 936 75 94,164 797 3,928 6,171 94,164 797 3,928 6,171 120,229 120,229 105,060 105,060 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 2,435 2,435 579 579 23
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Costs of other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Childcare costs Cafe costs 112,777 936 112.777 936 102,905 3,353 102,905 3,353 113,713 113,713 106,258 106,258 10. Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Forest Family Centre Big Lottery Fund GAVO Newport City Council Wellbeing Camp NCC Children & Communities Police and Crime Commissioners Youth Project HAF National Trust High Sheriff Moondance Foundation Garfield Western Families First BBC Children in Need Food and Fun Community Foundation Wales NCC Food poverty Street Games - Youth Grant Henry Smith - Community delivery National Trust Henry Smith - Core 1-1 Early years support Awards for All Clybiau Plant Cymru Welsh Government 30 Hour childcare offer Oakdale Trust - Food poverty Hedley Foundation Support costs 6,614 6,614 207,767 4,254 6,289 207,767 4,254 6,289 8,721 8,721 4,260 13,412 17,044 4,260 13,412 17,044 8,522 15,197 1,000 8,620 8,522 15,197 1,000 8,620 6,640 650 32,359 6,640 650 32,359 958 18,065 2,000 47,042 1,554 4,247 84,983 958 18,065 2,000 47,042 1,554 4,247 55,716 29,267 36,839 463,359 500,198 24
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 10. Expenditure on charitable activities by fund type (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Forest Family Centre Big Lottery Fund GAVO Newport City Council Wellbeing Camp NCC Children & Communities Police and Crime Commissioners Youth Project HAF National Trust High Sheriff Moondance Foundation Garfield Western Families First BBC Children in Need Food and Fun Community Foundation Wales NCC Food povety Street Games - Youth Grant Henry Smith - Community delivery National Trust Henry Smith - Core 1-1 Early years support Awards for All Clybiau Plant Cymru Welsh Government 30 Hour childcare offer Oakdale Trust - Food poverty Hedley Foundation Support costs 6,336 6,336 188,776 2,245 188,776 2,245 13,120 13,042 14,450 3,808 17,153 11,421 52,902 7,614 5,682 13,120 13,042 14,450 3,808 17,153 11,421 52,902 7,614 5,682 10,467 5,407 6,640 10,467 5,407 6,640 32,360 32,360 2,814 4,053 680 59,083 2,814 4,053 680 59,083 22,398 65,820 88,218 31,548 514,723 546,271 25
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 11. Expenditure on charitable activities by activity type Activities undertaken Grant funding directly of activities Support Total funds costs 2024 Total fund 2023 Forest Family Centre Big Lottery Fund GAVO Newport City Council Wellbeing Camp NCC Children & Communities Police and Crime Commissioners Youth Project HAF National Trust High Sheriff Moondance Foundation Garfield Western Families First BBC Children in Need Food and Fun Community Foundation Wales NCC Food poverty Street Games - Youth Grant Henry Smith - Community delivery National Trust Henry Smith - Core 1-1 Early years support Awards for All Clybiau Plant Cymru Welsh Government 30 Hour childcare offer Oakdale Trust- Food povety Hedley Foundation 6,614 141,469 4,254 29,267 28,096 35,881 235,863 4,254 28,371 218,584 2,245 66,298 6,289 1,211 7,500 15,000 8,721 3.278 11,999 15,083 14,450 5,000 21,250 15,000 56,052 10,000 10,000 4,260 13,412 17,044 739 3,171 2,956 4,999 16,583 20,000 8,522 15,197 1,478 3,125 10,000 18,322 1,000 8,620 1,000 9,802 1,182 13,601 7,000 6,640 650 32,359 958 18,065 2,000 6,640 650 32,359 958 20,000 2,000 6,640 32,360 3,177 5,000 680 1,935 47,042 7,497 54,539 66,778 1,554 4,247 446 602 2,000 4,849 348,917 66,298 84,983 500,198 546,271 26
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Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 13. Analysis of grants 2024 2023 Grants to institutions Grants paid out from Big Lottery Fund - Woodland Roots to Wellbeing Total grants 66,298 69,541 66,298 69,541 14. Net expenditure Net expenditure is stated after chargingl(crediting)= 2024 2023 Depreciation of tangible fixed assets Operating lease rentals Audit fees (including VAT) Accountancy fees (including VAT) 16,669 6,476 2,334 19,778 9,940 599 2,202 17,110 15. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows" 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 351,184 22,934 5,943 380,902 19,263 6,571 380,061 406,736 The average head count of employees during the year was 26 (2023.. 24}. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Management and Admin Project delivery 10 13 13 16 No employee reiVed employee benefits of more than £60,000 during the year (2023.. Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity- The total compensation paid to key management personnel for ServIS provided to the charity was £79,760. 29
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 16. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees (2023.. nil). During the year there were no expenses reimbursed to trustees (2023.. nil). 17. Transfers between funds Net transfers detailed in note 23 relate to deficits made on rtain projects during the year. 18. Tangible fixed assets Improvement Equipment s to property Total Cost At 1 April 2023 Additions 64.396 20,101 1,950 84,497 1,950 86,447 At 31 March 2024 64.396 22,051 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 57,709 4.208 5,743 12,461 63,452 16,669 61,917 18,204 80,121 Carrying amount At 31 March 2024 2,479 3,847 6,326 At 31 March 2023 6,687 14,358 21,045 19. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 5,849 2,118 883 39,672 1,926 8,850 41,598 20. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Other creditors 10,666 72,500 3,997 22,176 51,709 6,478 80,363 87,163 30
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 21. Deferred income 2024 2023 At 1 April 2023 Amount released to income Amount deferred in year At 31 March 2024 42,953 (42,953) 66,184 42,953 66,184 42,953 22. Pensions and other post retirement benerts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,943 (2023. £6.571 >. 23. Anatysis of charitable funds Unrestricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers General funds Designated Fund - Staff costs Designated Fund - Welfare fund 178,485 132,707 (150,552) (12,469) 148,171 42,393 42,393 833 833 221,711 132,707 (153,511) (12,469) 191,397 At 1 April 2022 At 31 March 2023 Income Expenditure Transfers General funds Designated Fund - Staff costs Designated Fund - Welfare fund 201,653 114,514 (137,806) 124 178,485 42,393 42,393 833 833 244,879 114,514 (137,806) 124 221,711 31
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 24. Analysis of charitable funds (continued) Restricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers GAVO Poli and Crime Commissioners Youth project General youth delivery National Trust Moondance Foundation Garfield Westem Families First HAF BBC Children in Need Capital grant Community Foundation Wales Clybiau Plant Cymru Welsh Government 30 hour childcare offer High Sheriff NCC Children & Communities Food and fun Street games youth Henry Smith - Core Community delivery National Trust Newport City Council Wellbeing Camp Big Lottery Fund Awards for All Newport City Council Oakdale Trust- food poverty Hedley Foundation 4,255 (4,255) 12,000 (12,000) 4,258 4,917 (9,713) (4,258) (4,917) 9,713 16,583 20,000 (16,583) {20,000) 10.000 (10,000) 5,625 (1,406) 4,219 1.000 2.000 (1,000) (2.000) 54,538 5,000 (54,538) (5,000) 18,323 (18,323) 39,000 (39,000) 1,947 (8,284) {1,947) 8,284 650 (650) 7,500 219,049 20,000 2.802 2,000 4,850 (7,500) (235,858) (20,000) (9,802) (2,000) (4,850) (463,359) 52,157 35,348 7,000 50,907 439,550 12,469 39,567 32
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 24. Analysis of charitable funds (continued) At 1 April 2022 At 31 March 2023 Income Expenditure Transfers GAVO Police and Crime Commissioners Youth project National Trust Moondance Foundation Garfield Western Families First HAF BBC Children in Need Capital grant Community Foundation Wales Clybiau Plant Cymru Welsh Government 30-hour childcare offer High Sheriff NCC Children & Communities Food and fun street games youth Henry Smith - Core Henry Smith - Community delivery 1910 Trust- Food poverty Newport City Council Wellbeing Camp Big Lottery Fund Awards for All Newport City Council Oakdale Trust- food poverty Hedley Foundation 2,245 (2,245) 2,536 4,917 (9.713) 16.805 (15,083) 4,258 4,917 (9,713) 21.250 15.000 56.052 9.110 10,000 {21,250) {15,000) {56,052) (14,450) (10,000) (2.944) (8,284) 7,500 (1,875) 5,625 680 (680) 66,778 5,000 15,000 10,000 7,000 32,360 6,640 (66,778) (5,000) (15,000) (10,000) (7,000) (32,360) (6,640) 1,947 (1.171) 1,947 1,171 57,639 213,102 5,000 13.601 (218,584) (5,000) (13,601) 52,157 (580) 580 60,131 505,623 (514,723) (124) 50,907 33
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 24. Analysis of charitable funds (continued) Funder GAVO ose ResourceslKit to benefit our Foodbank and cookin ui ment Detached Youth Work to engage with harder to reach youth as well as continuation of ccntre-bascd outh work HAF funding for our Youth Provision General Youth Provision Summer Hub Timescale Ended Police and Crime Commissioncrs Youth Project Ending in Dec 24 National Trust Garfield Weston Families First Participatory Budget Fund Neiv ortci Council BBC Children in Need Communi Foundation Wales Cl blau Plant C mru Welsh Government 30-hour hildcare offer h Sheriff NCC Childr¢n & Communities Food and Fun Street Games Youth Hen Smith core Hen Smith - communi National Trust NCC Wellbein cam Lotte Fund Awards for All Ended Ended Ended Ended X J Staff members for Youth Provision General Youth Provision Sustainin Breakfast Club Provision 30 houT childcare ofyer for our childcare rovision Youth intervenlions within schools General Youth Provision Summer Holida Youth rovision Fit and Fed half tern] rovision Core Costs Communi deliverv and core costs HAF funding for general outh roiiision Youth Wellbein in school holida Woodland Routes to Wellbein Pro ect Costs associated with premise move and support for cost-of-living crisis with extra support for Foodbank ort for Foodbank ort for Foodbank Providing opportunities to gain valuable life and employability skills for our young people by taking them on voyages across CarditT Bay out to the Bristol Channel on a working yacht with Challen e Wales Endin Ended Ended Ended Jan 25 Ended Ended Ended Ended Ends in Oct Ended Ended Ended in Jul Ended NCC Oakdale Trust H¢dl¢y Foundation Ended Ended Ended 34
Duffryn Community Link Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 25. Anatysis of changes in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 290,338 12,613 302,951 26. Operating lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows- 2024 2023 Later than 1 year and not later than 5 years 9,234 2,810 27. Limitation of auditors liability By way of a members, resolution dated 9 September 2023, the company has agreed to enter into a limited liability agreement with its auditors whereby their exposure to legal claims is limited to £50,000 per claim. 35