## ## |||Page| |---|---|---| |Chairman's
statement||| |Trustees report||2-7| |Statement oftrustees|responsibilities|| |Independent
auditor's|report|9-11| |Statement offinancial|activities|12| |Balance sheet||13-ts| |Statement ofcash flows||15| |Notes to the ananctal|statements|16-30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2023|2023|2023|2022|2022|2022| |||Notes|f|8|||6|6| |Donations and||||||||| |legacies||3|141,117|7,500|148,617|109,386|81,500|190,886| |Chariteble
ac5vities||4|2,120,420||2,120,420|2,029,673||2,029.673| |Inve aimants||5|11,353||11,353|1,656||1,658| |Other income||5|4,273||4,273|11,705||11,705| |Total Income|||2,277,163|7,500|2,284,663|2,152,420|81,500|2,233,920| |~x~nl ~ro:||||||||| |Charitable
activities||7|2,083,123||2,083,123|1,892,196||1,892,196| |Net income for the yeari||||||||| |Net movement|in funds||194,040|7,500|201,540|260,224|81,500|341,724| |Fund balances at 1
2022||April|3,511,410|S7,940|3,599,350|3,251,186|6,440|3,257,626| |Fund balances|at|31||||||| |March 2023|||3,705,450|95,440|3,800,890|3,511,410|87,940|3,599,350| ## ## ## ||||||2023||2022|| |---|---|---|---|---|---|---|---|---| |Fixed assets||||||||| |Tangible assets||||12||1,636,200||1,654,305| |Investments||||13||1||1| |||||||1,636,201||1,654,306| |Current assets||||||||| |Debtors||||14|128,130||91,784|| |Cash at bank and||in|hand||2,605,033||2,457,636|| ||||||2,733,163||2,549,420|| |Creditors:|amounts||falling due within|||||| |one year||||18|(151,594)||(137,858)|| |Net current|assets|||||2,581,569||2,411,562| |Total assets less||current liabilities||||4,217,770||4,065,868| |Creditors:|amounts||falling due after|||||| |more than|one year|||17||(418,880)||(466,518)| |Net assets||||||S,800,890||3,599,350| |Income funds||||||||| |Restricted|funds|||18||95,440||87,940| |Ilnt882(g)94Uunda||||||||| |Designated|funds|||19|3,659,589||3,452,917|| |General unrestricted|||funds||45,861||58,493|| |||||||3,705,450||3,511,410| |||||||3,800,890||3,599,350| ## ## ## ## ||||2023||2022|| |---|---|---|---|---|---|---| |||Notes|8||8|| |Cash flows from operating||activities||||| |Cash generated
from operations||||216,753||328,887| |Investing|acgvlties|||||| |Purchase|oftangible fbred assets||(31,071)||(2,980)|| |Investment|Income received||11,353||1,656|| |Net cash|used in investing|activities||(19,718)||(1,324)| |Financing|activities|||||| |Repayment|ofbank loans||(49,838)||(34,599)|| |Net cash used In financing||activities||(49,838)||(34,899)| |Net increase
In cash and cash equivalents||||147,397||292,664| |Cash and|cash equivalents|at beginning ofyear||2,457,836||2,164,972| |Cash and|cash equivalents|at end ofyear||2,805,033||2,457,638| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Residential Cere| |---| |Local Auihority
COVID Contributions| ## ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2023|2022| |5|5| |886|8,318| |3,387|3,387| |4,273|11,705| ## ## ## |Charitable
activities|||| |---|---|---|---| |||2023|2022| |||8|| |Stalf costs||1,650,672|1,527,192| |Depreciation
and impairment||49,176|51,$68| |Utilities||58,277|51,980| |Insurance||25,576|21,467| |Telephone||6,243|8,218| |Postage and stationery||4,315|3,119| |Advertising||82|| |Farm expenses||31,398|31,204| |Food and household||87,811|76,873| |Waste disposal|||6,912| |Travelling
Repairs and renewals||2,128
84,313|948
42,396| |Motor expenses||26,064|16,987| |Subscriptions
snd donations
Computer
software||1,439
10,154|1,439
5,709| |Interest payable||16,263|25,512| |Recruitment,
training|and sundry expenses|15,134|| |||2,058,445|1,871,824| |Share ofsupport costs (sse note 8)||18,708|13,212| |Share ofgovernance|costs (ses note 8)|5,970|7,160| |||2,083,123|1,892,196| |8|Support costs|Support costs||||||| |---|---|---|---|---|---|---|---|---| ||||Support|Governance|2023|Support|Governance|2022| ||||costs|costs||costs|costs|| ||||8|8|8|8||8| ||Residential|Care|18,708||18,708|13,212||13,212| ||Audit fees|||5,970|5,970||7,160|7,160| ||||18,708|5,970|24,678|13,212|7,160|20,372| ||Analyssd|between||||||| ||Charitable|activities|18,708|5,970|24,678|13,212|7,160|20,372| ## ## ## ## |The average
monthly
number ofemployees
during th|e year was:|| |---|---|---| ||2023|2022| ||Number|Number| |||66| |Employment
costs|2023
f|2022
f| |Wages and salaries|1,483,115|1,384,174| |Social security costs|126,956|105,376| |Other pension costs|40,601|37,642| ||1,650,672|1,527,192| ## ## ## |12|Tangible gxed assets|Tangible gxed assets||||||| |---|---|---|---|---|---|---|---|---| |||||Freehold
land|Plant and|Fixtures and Motor|vehtalea|Total| |||||and buildingsf|equiprecut
f|rltunea
f||| ||Cost|||||||| ||At 1 April 2022|||1,997,273|31,624|78,891|103,946|2,211,734| ||Additions||||||31,071|31,071| ||Disposals|||||(1,578)||(1,578)| ||At31 March|2023||1,997,273|31,624|77,313|135,017|2,241,227| ||Depreciation|and impairment||||||| ||At 1 April 2022|||357,065|29,420|66,999|103,946|557,430| ||Depreciation|charged|in the year|35,024|472|3,322|10,357|49,175| ||Eliminated
in|respect ofdisposals||||(1,578)|-|(1,578)| ||At 31 March|2023||392,089|29,892|68,743|114,303|605,027| ||Carrying
amount|||||||| ||At 31 March|2023||1,605,184|1,732|8,570|20,714|1,636,200| ||At 31 March|2022||1,640,208|2,204|11,893||1,654,305| |Cost orvaluation| |---| |At 1 April 2022 &31 March 2023| |Carrying
amount| |At 31 March 2023| |At 31 March 2022| ## ## |14|Debtom|||||||| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| ||Amounts
falling due||within one year:||||5|| ||Trade debtors||||||88,831|52,068| ||Other debtors||||||7,516|10,562| ||Prepayments|and accrued income|||||31,783|29,154| ||||||||128,130|91,784| |15|Loans and overdrafts|||||||| ||||||||2023f|2022
2| ||Bankloans||||||466,479|518,117| ||Payable within|one year|||||49,599|49,599| ||Payable alter|one year|||||416,880|466,518| ||The bank loan|is secured by legal charge||over the freehold|property.|||| |16|Creditors: amounts||falling due within|one year||||| ||||||||2023|2022| |||||||Notes|6|6| ||Benkloans|||||15|49,599|49,599| ||Other taxation|and social security|||||52,233|26,524| ||Trade creditors||||||16,038|38.463| ||Other cmditcrs||||||20,873|14,429| ||Accruals and deferred||income||||12,851|8,843| ||||||||151,594|137,858| |17|Creditors: amounts||falling due after more than one year|||||| ||||||||2023|2022| |||||||Notes|E|| ||Bank loans||||||416,880|466,518| ## ## ## |||Movement||Movement|| |---|---|---|---|---|---| |||in funds||in funds|| ||Balance at|Incomlns|Balance at|Incomine|Balance at| ||1April 2021|maourcas|1April 2022|msourcss|$1 Siarch 2023| |||8|5|6|6| |Legacy - to provide 0sensory room|6,440||6,440||6,440| |Donation to provide Creative Workshops||81,500|81,500|7,500|89,000| ||6,440|81,500|87,640|7,500|95,440| ||||e
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C03|||| ## ## ||noncancellsble
operat|ing l|eases,|which|fall du|e as fo|llo|ws:|||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||2023
6|2022f| ||Within one year|||||||||455|| ||Between two and five|years||||||||1,480|| |||||||||||1,935|| |22|Related party transactions||||||||||| ||There were no disclosable
related party||||transactions||during the year||(2022 - none).||| |23|Subsldia dies||||||||||| ||These financial statements||are separate||charity finandal|||statements|for Glasallt Fawr|Trading
Limited.|| ||Details ofthe charity's|subsidiaries||at 31 March||2023|are as follows:||||| ||Name ofundertaking||Registered|||Nature|ofbusiness||Class of
%Held||| ||||office||||||shares|held
Direct|Indirect| ||Glassllt Fawr Trading||Glassgt Fawr,|||Dormant|||Ordinary|1.00|| ||Limited||Llangadog,||||||Shares||| ||||Cannarthen,||||||||| ||||SA19|9AS|||||||| |24|Cash generated
from|operations||||||||2023|2022| |||||||||||6|5| ||Surplus for the year|||||||||201,540|341,724| ||Adjustments
for.||||||||||| ||Investment
income recognised
in statement offinancial|||||||activities||(11,353)|(1,656)| ||Depreclagon
snd impairment||oftangible||fixed assets|||||49,175|51,868| ||Movements
in working|capital:|||||||||| ||(Increase)/decrease
in|debtors||||||||(36,346)|21,220| ||Increase/(decrease)
in|creditors||||||||13,737|(84,269)| ||Cash generated
from|operations||||||||216,753|328,887| ## ## |25|Analysis ofchanges
in net funds|At 1ApAI 2022|Cash naaeAt 21 trarch 2022|Cash naaeAt 21 trarch 2022| |---|---|---|---|---| |||5|5|5| ||Cash at bank and ln hand|2,457,636|147,397|2,I805,033| ||Loans felling due within one year
Loans felling due after more than one year|(49,599)
(466,518)|49,638|(49,599)
(418,880)| |||1,941,519|197,035|2,138,554|