2022-10-31-accounts

			Contents
				Page
Legal and administrative		information
Trustees' report				2 —9
Independent examiner's		report		10
Statement offinancial	activities
Balance sheet				12 —13
Cashflow statement				14
Notes to the financial	statements			15 -24

Reference	Reference	and Administrative	and Administrative	and Administrative	Details	Details
Charity name							Tir Coed
Charity number							1115229
Company	number						03918116
Registered office and			operational		address		Unit 6G, Science Park
							Cefn Uan
							Uanbadam Fawr
							Aberystwyth
							SY23 3AH
Directors	and	Trustees					Adrian Wells —Chairperson
							Anna Prytherch —Deputy Chairperson
							Leila Sharland —Deputy Chairperson
							Tabitha Binding (rebred 9/1/23)
							Guy Evans (sabbatical	from July 2022)
							Sue Ginley
							Ross Lister
							Roger Thomas
							Hannah Wilcox Brooke
Company	Secretary						Helen Gethin —Finance	Director
Independent		examiner					Mark Baker FCCA
							Davies Lewis Baker Ltd
							31Bridge Street Abe~
							Ceredigion
							SY23 IQB
Bankers							HSBC
							Great Darkgate Street
							Aberystwyth
							Ceredigion
							SY23 1DH
Senior Management
CEO:							Ff. Famell to Sept 2022
Development		Director/CEO		maternity		cover:	T.Walters
Finance Director/CEO			maternity		cover.		H. Geihin

							Year ended:	Year ended:
						Note	31.10.22	31.10.21
							f	6
Cash flows from operating		activities:				18
Net cash provided	by (used in) operating			activities			(21,546)	(38,010)
Cash flows from investing		activities:
Interest from investments							54	22
Proceeds from sale	of investments							12,000
Net cash provided	by (used in) investing			activities			54	12,022
Change in cash and	cash equivalents		in the
reporting period							(21,492)	(25,988)
Cash and cash equivalents		at the beginning			ofthe
reporting period							202,036	228,024
Cash and cash equivalents		atthe end	of	the
reporting period							180,544	202,036

2 Income from charitable	2 Income from charitable	activities	activities	activities
	Unrestricted				Restricted			Total		Unrestricted Restricted		Tota I
	31/10/22					31/10/22		31/10/22		31/10/21 31/10/21		31/10/21
			E			E		E		E	E	E
Services supplied			36,007				880	36,887		28,242		28,242
Grants			34,648			523,449		558,097		27,209	349,615	376,824
			70,655			524,329		594,984		55,451	349,615	405,066
Grants receivable are	as follows:
										31/10/22	31/10/21
										f	E
Grants received:
National Lottery Awards for All										10,000	10,000
Big Lottery Fund People 8Places										152,500	160,000
Elan Links Project										58,546	40,355
Rank Foundation										22,549	29,684
Moondance Foundation										20,000
Welsh Government	RDP —Cynnal			y Cardi						11,533	10,406
UK Community Renewal Fund										69,180
Powys —Social Value	Forum Development					Fund				29,245
Carmarthenshire CC- United		Support Project								3,000
Powys CC-Summer	of Fun									2,833	3,861
Powys CC - Winter ofWellbeing										4,610
Kickstart										7,937
Aberystwyth Town Council										4,000
CAVO										7,884
Prince's Countryside	Trust									12,500
Steele Trust										14,402
Wesleyan Foundation										4,941
PAVS										2,500
Uechi Glo										11,511	8,987
Waterloo Foundation										20,000	20,000
The 29th May 1961Charitable		trust								5,000	5,000
Brechfa Forest West	Community			Fund						15,000	25,000
HMRC furlough grant											4,774
HMRC employment	allowance										4,XO
Others											29,795
Total grants received										494,671	351,862
Claims outstanding at 31.10.21			on	grants		payable		in arrears		(54,662)	(33,293)
Grants received up to 311021			in	advance ofthe following					year	41,407	45,000
Claims outstanding at 31.10.22			on	grants		payable		in arrears		98,524	54,662
Grants received up to 31.10.22			in	advance ofthe following					year	(21,843)	(41,407)
										558,097	376,824

Cost ofcharitable activities
	31/10/22	31/10/21
	6	f
Staff costs	362,950	250,496
Trave I	11,205	2,422
0therstaff costs	4,822	1,863
Recruitment	245	380
Grants to others (note 6)
Project expenses	50,325	49,695
Marketing 8 publicity	4,467	1,182
Consultancy 8 evaluation	14,892
Heat & light	2,417	1,872
Insurance	3,951	3,815
Stationery 8 postage	2,688	1,609
Support staff costs (note 7)	54,448	54,128
Other support costs (note 7)	19,326	17,948
Governance costs (note 7)	10,677	6,303
Profit on sale ofassets		(8,331)
Depreciation		859
	542,413	384,241

shown in the	t	able below:
				Cost of
				raising	Charitable	Total
			Governance	funds	activities	allocated
Support staff			5,401	13,502	54,448	73,351
Rent					12,117	12,117
Telephone					2,291	2,291
Accountancy		gr bank charges			1,292	1,292
Legal gr professional					220	220
Other			3,176		3,406	6,582
			8,577	13,502	73,774	95,853
Governance	costs:				31/10/22	31/10/21
					E	f
Independent		examination			2,100	1,938
Support costs		(see above)			8,577	4,365
					10,677	6,303

8 Staff costs
	31/10/22	31/10/21
	E	f
Salaries	404,124	301,800
Social security costs	22,222	14,196
Employer pension costs	9,955	7,913
	436,301	323,909

		Plant	Ik	Fixtures	Ik	Computer
		machinery		fittings		equipment	Total
		6		6		6	f
Cost
At 1November	2021
and 310ctober	2022	7,248		5,191		25,442	37,881
Accumulated depreciation
At 1November	2021
and 31October	2022	7,089		5,191		25,441	37,721
Net book value
At 31October 2021			159			1		160
At 31 October 2022			159			1		160

11 Debtors
		31/10/22	31/10/21
		E	f
Trade debtors (E2,478unrestricted;	6880restricted)	3,358	8,854
Accrued income (restricted)		98,520	54,662
		101,878	63,516

12	Creditors: amounts	falling due within	1year
		Unrestricted	Restricted	Tota I	Unrestricted	Restricted	Total
		31/10/22	31/10/22	31/10/22	31/10/21	31/10/21	31/10/21
		6	f	6	6	f	E
Trade	creditors		446	446	1,204	2,584	3,788
Accruals			2,100	2,100		1,938	1,938
Deferred income			21,843	21,843		41,407	41,407
Other	creditors		630	630		630	630
			25,019	25,019	1,204	46,559	47,763

Analysis of net assets between funds at 31O	ctober 2022
	Unrestricted	Restricted
	funds	funds	Total
		6	f.
Tangible fixed assets	160		160
Cash at bank and in hand	185,470	(4,926)	180,544
Other net current assets/(liabilities)	2,478	74,381	76,859
	188,108	69,455	257,563

B~il F di
During the year to 31	October 2022 grants totalling 6152,500were		received from the Big Lottery People g Places
Fund. The movements	during the period on these funds	are analysed below and are part ofthe Leaf project: f
Income			152,500
Expenditure		~158688
		(	6,188 )
Balance brought forward at 1November 2021			6 188
Balance carried forward at 31October 2022

	Balance			Balance
	01-Nov-21	Income	Expenditure	31-Oct-22
	E	E	f	E
Uechi Glo	12,749	11,512	(11,512)	12,749
General fund	139,839	60,255	(24,735)	175,359
	152,588	71,767	(36,247)	188,108

At 31October 2022 the charity had total future minimum s follows:	lease payments u	nder non-can
	31/10/22	31/10/21
	E	E
not later than one year	2,585	3,354
later than one year and not later than five years		210
	2,585	3,564

				Year ended:
				31.10.22	31.10.21
				6	f
Net income/(expenditure) forthe reporting			period
(as per the statement	offinancial activities)			39,614	5,118
Adjustments for:
Depreciation charges
Interest from investments				(54)	(22)
Loss/(profit) on the sale offixed assets					(8,331)
(Increase)/decrease	in debtors			(38,362)	(22,455)
Increase/(decrease)	in creditors			(22,744)	(13,180)
Net cash provided by (used in) operating		activities		(21,546)	(38,010)