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2021-08-31-accounts

Page
Report ofthe Trustees 1 to 10
Report ofthe independent
Auditors		 11 to 14
Statement
of Financial Activities		 15
Balance Sheet 16to 17
Cash Flow Statement 18
Notes to the Cash Flow Statement 19
Notes to the Financial Statements 20 to 30
Detailed Statement
of Financial		 Activities 31 to 32

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E
INCOME
Charitable
activities		 176,353 1,154,377 1,330,730 1,538,940
Fundraising
activities,
donations
&generating		 funds 213,921 213,921 227,570
Total 390,274 1,154,377 1,544,651 1,766,510
EXPENDITURE
Charitable
activities		 218,707 1,070,005 1,288,712 1,485,679
Fundraising
activities		 50,378 50,378 92,485
Support costs 138,017 138,017 112,119
Total 407,102 1,070,005 1,477,107 1,690,283
NET INCOME/(EXPENDITURE) (16,828) 84,372 67,544 76,227
Transfers
between		 funds 12 84,551 ~84,551)
Net movement
in funds		 67,723 (179) 67,544 76,227
RECONCILIATION OF FUNDS
Total funds brought forward 823,732 14,041 837,773 761,546
TOTAL FUNDS CARRIED FORWARD 891,455 13,852 905,317 837,773

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes
FIXEDASSETS
Tangible assets 43,562 43,562 51,284
CURRENT ASSETS
Debtors 84,949 84,949 72,113
Cash at bank and in hand 901,546 244,701 1,146,247 1,289,014
986,495 244,701 1,231,196 1,361,127
CREDITORS
Amounts
falling due within one year		 10 (119,249) (230,839) (350,088) (574,638)
NET CURRENT ASSETS/(LIABILITIES) 867,246 13,862 881,108 786,489
TOTAL ASSETS LESSCURRENT 910,808 13,862 924,670 837,773
LIABILITIES
CREDITORS
Amounts
falling due after more than one		 11 (19,353) (19,353)
year
NET ASSETS 891,455 13,862 905,317 837,773
FUNDS 12
Unrestricted
funds
General fund 741,455 673,732
Designated
Restricted funds		 fund 150,000
13,862		 150,000
14,041
TOTAL FUNDS 905,317 837,773

2021 2020
Notes
Cash flows from operating activities:
Cash generated
from operations		 )151,425) 163,922
Net cash provided
by (used in) operating
activities )151,425) 163,922
Cash flows from investing activities:
Purchase of tangible
fixed assets		 /10,695) ~32,857)
Net cash provided
by (used in) investing
activities (10,695) (32,857)
Cash flows from investing activities:
New loans in the year 19,353
Net cash
activities		 provided
by (used in) investing		 19,353
Change
in cash and cash		 equivalents in the
reporting period (142,767) 131,065
Cash and cash equivalents at the beginning
ofthe reporting
period		 1,289,014 1,157,949
Cash and cash equivalents at the end ofthe
reporting period 1,146,247 1,289,014

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2021 2020
f
Net income/(expenditure) for the reporting period (as per the
statement
offinancial
activities)		 67,544 76,227
Adjustments
for:
Depreciation
charges		 18,417 18,576
Loss on disposal of fixed assets 2,173
(Increase)/decrease in debtors (12„836) 163,469
Increase/(decrease) in creditors ~224,550) ~96,523)
Net cash provided by operating activities t151,425) 163,922
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/9/20 Cash flow At 31/8/21
E E
Net cash
Cash at bank and in hand 1,289,014 (142,767) 1,146,247
Cash at bank and in hand 1,289,014 (142,767) 1,146,247
Debt
Debts falling due after 1 year (19,353) (19,353)
Total 1,289,014 (162,120) (1,126,894)

INCOME FROM CHARIT ABLE ACTIVITIES
Unrestricted Restricted 2021 2020
Fund Fund
f
Grants 6,579 52,727 59,306 111,756
Core 100,000 100,000 207,572
Education 762,668 762,668 749,583
Community 69,774 338,982 408,756 470,029
176,353 1,154,377 1,330,730 1,538,940

Included
within donations		 Included
within donations		 is 2200,000 from Cardiff City Football club (2020 Football club (2020 - 8200,000).
EXPENDITURE
Charitable activities Unrestricted Restricted 2021 2020
Fund Fund
Core 156,947 156,947 245,577
Education 719,960 719,960 820,950
Community 61,760 350,045 411,805 419,152
218,707 1,070,005 1,288,712 1,485,679
Fundraising activities 2021 2020
Fundraising activities 50,378 92,485

EXPENDITURE - continued
Support costs
2021 2020
Core 16,809 18,533
Education 77,105 61,954
Community 44,103 31,632
138,017 112,119

TAFF COSTS
2021 2020
F
Wages and salaries 937,470 1,068,276
Social security costs 68,007 66,844
Other pension costs 27,317 19,882
1,032,794 1,155,002
The average monthly number of employees during the year was as follows:
2021 2020
No. No.
44 55

2020 COMPARATIV ES
F		 OR THE STATEMENT OF FINANCIAL ACTIV ITIES
Unrestricted Restricted Total
funds funds funds
f E
INCOME FROM
Income from charitable
activities		 397,441 1,141,499 1,538,940
Incoming
fundraising		 activities,
donations
8 generating
funds		 227,570 227,570
Total 625,011 1,141,499 1,766,510
EXPENDITURE
Expenditure
on charitable		 activities 356,153 1,129,526 1,485,679
Fundraising
activities		 92,485 92,485
Other administrative costs 107,063 5,056 112,119
Total 555,701 1,134,582 1,690,283
NET INCOME/(EXPENDITURE) 69,310 6,917 76,227
Transfers
between		 funds 5,582 ~5,582)
Net movement
in funds		 74,892 1,335 76,227
RECONCILIATION OF FUNDS
Total funds brought forward 748,840 12,706 761,546
TOTAL FUNDS CARRIED FORWARD 823,732 14,041 837,773

TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery
F		 vehicles
F		 equipment
f		 Totals
COST
At 1 September 2020 19,179 24,000 88,749 131,928
Additions 10,695 10,695
Disposals
At 31 August 2021 19,179 24,000 99,444 142,623
DEPRECIATION
At 1 September 2020 12,529 19,730 48,385 80,644
Charge for year 1,702 1,067 15,648 18,417
Eliminated
on disposal
At 31 August 2021 14,231 20,797 64,033 99,061
NET BOOK VALUE
At 31 August 2021 4,948 3,203 35,411 43„562
At 31 August 2020 6,550 4,270 40,364 51,284

DEBTORS:AMOUNTS
F		 ALLING DUE WITHIN ONE YEAR
2021 2020
F
Trade debtors 52,149 42,002
Accrued income 12,950 730
P repayments 19,850 29,381
84,949 72,113
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
F F
Trade creditors 27,349 16,108
Social security and other taxes 17,498 20,844
Other creditors 4,198 6,159
Accruals 57,954 49,075
Deferred
income		 243,089 482,452
350,088 574,638

Deferred income relates to income received income relates to income received in advance of commencement of project delivery of project delivery and the
movement is as follows:-
2021 2020
f E
Deferred income at beginning of period 482,452 428,419
Resources deferred
in the year		 772,050 296,287
Amounts released
in the year		 (1,011,413) ~242,254)
243,089 482,452

CREDI TORS: AMOUNTS
FALLING DUE A		 FTER MORE THAN ONE YEAR
2021 2020
f
WCVA loan 19,353
19,353

MOVEMENT
IN		 FUNDS
Net Transfers
movement between
At 1/9/20 in funds funds Ai 31/8/21
f
Unrestricted
funds
General fund 673,732 (16,828) 84,551 741,455
Designated
fund		 150,000 150,000
823,732 (16,828) 84,551 891,455
Restricted funds
PL Primary Stars
PL Disability 1,803 1,803
PL Kicks
ACT Traineeship 13727 (13,727)
The Princes Trust 7,233 (179) 7,054
Children
In Need		 39 39
SOL Foundation 390 390
Royal British Legion 1,039 1,039
Armed Forces Covenant Fund Trust 595 595
British Lottery Fund 824 824
M 8 C Saatchi 1,837 1,837
PL Kicks Targeted 281 281
EFL Foundation Degree 18,220 (18,220)
Fitzalan
High BTEC Level 2		 (2,120) 2,120
CAVC BTEC Level 3 54,724 @54,724)
14,041 84,372 (84,551) 13,862
TOTAL FUNDS 837,773 67,544 905,317

Net movement
in funds,
 included
in the above a		 re as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General
fund		 390,274 (407,102) (16,828)
Designated
fund
Restricted funds
PL Primary Stars 166,959 (166,959)
PL Kicks 211,061 (211,061)
ACT Traineeship 158,373 (144,646) 13,727
PLPFA Foundation 85,071 (85,071)
The Princes Trust (179) (179)
Children
In Need		 36,565 (36,565)
SOL Foundation 10,305 (10,305)
Armed Forces Covenant Fund Trust 31,566 (31,566)
PL Inspires 42,034 (42,034)
CC Homework
Club		 22,151 (22,151)
Kicks Other 2,000 (2,000)
The Waterloo
Foundation		 4,166 (4,166)
PL Kicks Targeted 33,926 (33,926)
EFL Foundation
Degree		 51,205 (32,985) 18,220
EFLYou V Train 4,000 (4,000)
Fitzalan
High BTEC Level 2		 32,362 (34,482) (2,120)
CAVC BTEC Level 3 242,011 (187,287) 54,724
Healthy
Hearts
Fund		 2,964 (2,964)
Joy of Moving
WCVA —Bluebirds Experiences		 14,700
2,958		 14,700
~2,958)
1,154,377 (1,070,005) 84,372
TOTAL FUNDS 1,544,651 ~1,477,107) 67,544

Funder/Pro'ect ~Ex iration Maximum
Date Value
ACT Traineeship 2022 195,000
CC Homework Club 2021 30,407
PL Primary Stars 2022 420,000
PLPFA 2021 250,000
PL Inspires 2022 135,000
EFL Foundation
Degree		 2024
Fitzalan
High		 BTEC Level 2 2021
CAVC BTEC Level 3 2022 231,526
The Waterloo Foundation 2022 10,000
CC Wellbeing Clubs 2022 29,974

Funder/Pro'ect ~Ex iration Maximum
Date Value
PL Kicks 2022 600,000
The Princes Trust
Armed Forces Covenant Fund Trust 2022 70,000
PL Kicks Targeted 2022 135,000
Children
in Need		 2022 120,000
M & C Saatchi 2020 30,000
PL Disability
Fund
Royal British Legion
SOL Foundation* 2022 58,902
EFLYou V Train 2021
EFLJoy of Moving
WCVA —Bluebirds		 2022
2022		 15,000
58,059
PL Kicks Holiday Camps 2021 2,500
WCVA Volunteering 2022 16,403

Minimum
lease payments
under non-cancellable
ope		 rating
leases fall due as follows:
2021 2020
E
Within one year 53,317 63,705
Between one and five years 100,000 128,317
ln more than five years 275,000 300,000
429,316 492,021

2021 2020
F P
INCOME
Income from charitable activities
Grants 59,304 111,756
Core 100,000 207,572
Education 762,668 749,583
Community 408,757 470,029
1,330,730 1,538,940
Incoming fundraising activities, donations 8 generating funds
Donations 213,921 227,570
Total incoming resources 1,544,651 1,766,510
EXPENDITURE
Expenditure on charitable activities
Core 156,947 245,577
Education 719,960 820,950
Community 411,805 419,152
1,288,712 1,485,679
Expenditure on fundraising activities
Fundraising activities 50,378 90,312
Loss on disposal oftangible fixed assets 2,173
50,378 92,485

2021 2020
E
Support costs
Rates and water 4,590 3,745
Insurance 8,058 12,622
Telephone 2,724 2,316
Postage and stationery 2,431 2,708
Sundries 557 695
Vehicle hire, motor, travel 8 subsistence 2,512 (962)
Depreciation 4,292 11,260
Bank interest 80
Computer
8		 website costs 47,864 32,295
Internal
marketing		 & communications 20,569
Staff training 8 welfare 1,216 648
Rent 22,735 21,917
Repairs 8 renewals 63
Auditors'
remuneration		 6,000 5,700
Professional fees 14,469 19,032
138,017 112,119
Total resources expended 1,477,107 1,690,283
Net income 67,544 76,227