2021-03-31-accounts

		Page
Report ofthe Trustees		1 to 10
Report ofthe Independent	Auditors	11to 13
Statement of Financial Activities		14
Balance Sheet		15
Notes to the Financial Statements		16to 25

Working with and for our members
Influence: We have listened to and valued our members' views and expertise. We have represented their views to decision makers, championed their work, and advocated on behalf ofthem and the people they support. Strengthen: We have supported our members and strengthened their skills and knowledge through our events, research and training. We have also been a critical friend and challenged our members to be the best they can. Connect: We have connected our members with experts and decision makers through our events and
communications. We have run regular networks on key issues such as housing related support, learning disabilities, rough sleeping and Housing First. We have visited and supported our members in north and west Wales.
Sustain: We have worked hard to maintain the confidence and support of our members, by delivering a high- quality service that provides value for money.
Experts by Experience
Influence: We have supported people to have a voice in our events, policy and campaigns work, so that their experiences help to shape policy, legislation and practice.
Strengthen: We have supported people to develop their skills and confidence during their involvement and
ensured that they feel valued and empowered.
Connect: We have involved people with lived experience ofhomelessness and housing related support services in a variety ofways so that they can connect with decision makers, the media and people who deliver services. Sustain: We have encouraged our members and partners to involve people who have used services in the design and development ofpolicy and services, locally and nationally, for the long term.
Partnership and collaboration
Influence: We have worked with partners within and outside ofthe housing and support sector to strengthen our calls for changes to policy, legislation or funding.
Strengthen: We have strengthened our links with health, social services and justice in order to promote collaborations with the housing sector.
Connect: We have worked with our sister organisations across the UK and in Europe and formed strategic partnerships with organisations who can help us to achieve our objectives. Sustain: We have continued to work in partnership with Tai Pawb and other partners to reduce our expenditure
and deliver value for our members.
Working with the Welsh Government
Influence: We have developed a positive and constructive relationship with Ministers and officials - but we have
maintained our independence and have not been afraid to challenge policy or legislation that will have a negative impact on the people our members support.
Strengthen: We have worked with, scrutinised and lobbied the Welsh Government to strengthen policy and legislation so it has a positive impact on people's lives.
Connect: We have connected our members' priorities to Welsh Government priorities, identifying opportunities to
influence the national agenda. We have highlighted the positive impact our members have on Wales. Sustain: We have worked hard to demonstrate our value and continue to be viewed as a key and invaluable partner in the development of policy and practice to end homelessness and support people to live independently in Wales.
A strong and sustainable future
The delivery ofthis plan is dependent on Cymorth Cymru being strong and sustainable into the future.
Financial sustainability:
We have demonstrated value for money for our members and existing funders.
We have diversified income streams where this will help us to achieve our strategic objectives.
We have balanced the need to diversify income with the need to maintain our focus and deliver value for our
members.

					2021	2020
			Unrestricted	Restricted	Total funds	Total funds
			funds	funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and legacies			245		245	500
Charitable activities
Membership			101,700		101,700	100,175
Research, policy and practice			186,212	60,650	246,862	229,276
Training and events			40,843		40,843	129,913
Other trading activities						1,345
Investment income			2,262		2,262	3,191
Other income			15,006		15,006	15,764
Total			346,268	60,650	406,918	480,164
EXPENDITURE ON
Charitable activities
Membership			88,241		88,241	76,981
Research, policy and practice			182,821	60,650	243,471	236,847
Training and events			58,334		58,334	120,119
Total			329,396	60,650	390,046	433,947
NET INCOME			16,872		16,872	46,217
RECONCILIATION OF FUNDS
Total funds brought forward			392,804		392,804	346,587
TOTAL FUNDS CARRIED FORWARD			409,676		409.676	392,804

				2021	2020
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds
	Notes	F
FIXEDASSETS
Tangible assets	14	1,943		1,943	3,039
CURRENT ASSETS
Debtors Cash at bank and in hand	15	86,556 339,263	20,048	86,556 359,311	137,789 306,903
		425,819	20,048	445,867	444,692
CREDITORS
Amounts falling due within one year	16	(13,488)	(20,048)	(33,536)	(54,927)
NET CURRENT ASSETS		412,331		412,331	389,765
TOTAL ASSETS LESSCURRENT LIABILITIES		414,274		414,274	392,804
PROVISIONS FOR LIABILITIES	18	(4,598)		(4,598)
NET ASSETS		409,676		409,676	392,804
FUNDS	19
Unrestricted funds				409,676	392,804
Restricted funds
TOTAL FUNDS				409,676	392,804

											2021	2020
						Activity					F	F
Membership income						Membership					101,700	100,175
Grants						Research,		policy and practice			246,862	229,276
Grants						Training	and events				29,902	66,848
Events income						Training	and events				10,817	63,040
Communications	and marketing					Training	and events				124	25
											359,405	459,364
Grants received,	included in		the above,			are as follows:
											2021	2020
											F	F
Welsh Government		Homelessness			Prevention Grant:			Core funding		and
Housing First											184,333	136,800
Welsh Government		Homelessness			Prevention Grant:			PATH Training			28,060	42,224
Other Welsh Government Grants											3,721	4,903
Oak Foundation:	Evidencing		the impact			ofsupporting		people	in Wales		20,733	43,499
Welsh Government - Housing CIC 4 C.I.C - Homeless World St Martin in the Field Frontline				First Cup Legacy Network							19,965 19,952	42,858 25,840
											276764.	296,124

		Direct costs	Support costs	Totals
		(See note 8) f	(See note 9)	F
Membership Research,	policy and practice	72,012 203,521	16,229 39,950	88,241 243,471
Training and events		52,088	6,246	58,334
		327,621	62,425	390,046

					2021	2020
Staff costs					234,180	216,135
Events and training	programme				1,606	25,110
Research, policy and practice					5,783	11,662
Communications and marketing					7,447	11,079
Other staff related costs					1,718	1,541
Rent					19,913	17,605
Rates and water					1,782	1,777
Light and heat					1,632	2,848
Repairs and renewals						549
Computer expenses					3,128	4,526
Equipment costs						73
Telephone costs					1,824	1,940
Printing, postage and stationery					349	2,144
Insurance					1,572	1,202
Staff recruitment costs					1,119	971
WG PATH Project Costs					22,805	35,781
Oak Foundation Project Costs					18,142	26,993
Bad debts						(139)
Housing First project	costs				2,183	8,864
Substance Misuse Network project		costs				23
Homeless World Cup Legacy Project Costs					272	1,305
Subscriptions and memberships					200	411
Membership costs					48	14
Depreciation					1,918	1,450
					327,621	373,864
SUPPORT COSTS
					Governance
		Staff costs f	Depreciation F	Other costs f	costs f	Totals
Membership		9,417	125	2,830	3,857	16,229
Research, policy and
practice		23,181	307	6,967	9,495	39,950
Training and events		3,622	47	1,093	1 484	6,246
		36,220	479	10,890	14,836	62,425
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated		after charging/(crediting):
					2021	2020
					F
Auditors' remuneration					4,000	4,000
Depreciation -owned	assets				2,397	1,812
Deficit on disposal offixed asset					192
Operating leases: lease payments		recognised as	an expense		22,799	19,560
Auditors' remuneration	-other financial services				600	870

STAFF CO	STS
				2021	2020
Wages and	salaries			246,378	228,946
Social security costs				19,597	18,311
Other pension costs				15,261	13,724
				281,236	260,681
The average	monthly	number ofemployees	during the year was as follows:
				2021	2020
				9	9

		Unrestricted	Restricted	Total funds
		funds	funds
		F		F
INCOME AND ENDOWMENTS	FROM
Donations and legacies		500		500
Charitable activities
Membership		100,175		100,175
Research, policy and practice		159,925	69,351	229,276
Training and events		129,913		129,913
Other trading activities		1,345		1,345
Investment income		3,191		3,191
Other income		15,764		15,764
Total		410,813	69,351	480,164
EXPENDITURE ON
Charitable activities
Membership		76,981		76,981
Research, policy and practice		167,496	69,351	236,847
Training and events		120,119		120,119
Total		364,596	69,351	433,947
NET INCOME		46,217		46,217

13.	COMPARATIVES	FOR	THE STATEMENT OF FINANCIAL	ACTIVITIES -continued	ACTIVITIES -continued
				Unrestricted	Restricted	Total funds
				funds	funds
						f
	RECONCILIATION	OF	FUNDS
	Total funds brought forward			346,587		346,587
	TOTAL FUNDS CARRIED FORWARD			392,804		392,804
14.	TANGIBLE FIXED	ASSETS
				Plant and	Fixtures and
				machinery	fittings	Totals
						E
	COST
	At 1 April 2020			14,605	2,607	17,212
	Additions			1,493		1,493
	Disposals			~13,386)	~1,841)	i15,227)
	At 31 March 2021			2,712	766	3,478
	DEPRECIATION
	At 1 April 2020			11,981	2,192	14,173
	Charge for year			2,254	143	2,397
	Eliminated on disposal			~13,386)	~1,649)	i15.035)
	At 31 March 2021			849	686	1,535
	NET BOOK VALUE
	At 31 March 2021			1,863	80	1,943
	At 31 March 2020			2,624	415	3,039
15.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021	2020
					F	f
	Trade debtors				3,958	9,825
	Prepayments and accrued income				82,598	127,964
					66,556	137,789

											2021	2020
											F
Trade creditors											6,374	23,843
VAT											10	2,637
Other creditors											839	2,834
Accruals	and deferred		income								26,313	25,613
											33.538	54,927
Included	within accruals			and deferred		income above is the		following	deferred	income:
											2021	2020
												F
Deferred	income brought			forward							19,740	19,100
Released		to SOFA									(19,740)	(5,000)
Additional		income deferred			in the year						20,048	5,640
											20,048	19,740
The deferred income relates to income						received	in advance	ofproject delivery.
LEASING		AGREEMENTS
Minimum	lease payments				under non-cancellable		operating	leases fall due as follows:
											2021	2020
											F
Within one		year									5,775
PROVISIONS FOR LIABILITIES
											2021	2020
												F
Dilapidation		provision									4,598
												Dilapidations
												provision
Balance at		1 April 2020
Additions												4,598
Balance at		31 March 2020										4,588

						Net movement	Transfers
					At 1/4/20	in funds	between funds	At 31/3/21
						P		F
Unrestricted funds
General fund					369,404	16,872	23,400	409,676
Designated fund	- Research		Officer		23,400		~23,400)
					392,804	16,872		409,676
TOTAL FUNDS					392,804	16,872		409,676
Net movement in	funds,	included		in the above are as	follows:
						Incoming	Resources	Movement in
						resources	expended	funds
						F	F
Unrestricted funds
General fund						346,268	(329,396)	16,872
Restricted funds
Oak Foundation	- Evidencing		the	impact ofsupporting	people
in Wales Homeless World Cup Legacy St Martin in the Field Frontline			Network			20,733 19,965 19.952	(20,733) (19,965) ~19,952)
						60,650	(60,650)
TOTAL FUNDS						406,918	~390,046)	16,872
Comparatives for movement			in	funds
						Net movement	Transfers
					At 1/4/19	in funds	between funds	At 31/3/20
Unrestricted Funds
General fund					306,587	46,217	16,600	369,404
Designated fund	- Research project				40,000		(40,000)
Designated fund	- Research Officer						23,400	23,400
					346,587	46,217		392,804
TOTAL FUNDS					346.587	46,217	-	392804

Comparative net	movement i	n funds, included in the a	bove are a	s follows:
				Incoming	Resources	Movement	in
				resources	expended	funds
Unrestricted funds
General fund				410,813	(364,596)	46,217
Restricted funds
Oak Foundation	- Evidencing	the impact ofsupporting	people
in Wales				43,499	(43,499)
Homeless World	Cup Legacy			25,852	~25,852)
				69,351	(69,351)
TOTAL FUNDS				480,184	~433,947)	46,217