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|||Page|
|---|---|---|
|Report ofthe Trustees||1 to 9|
|Report ofthe Independent
Auditors||10to 13|
|Statement
of Financial
Activities||14|
|Balance Sheet||15to 16|
|Cash Flow Statement||17|
|Notes to the Cash Flow Statement||18|
|Notes to the Financial Statements||19to 31|
|Detailed Statement
of Financial|Activities|32 to 33|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|E||E|E|
|INCOME|||||||||
|Charitable|activities||||218,222|1,320,810|1,539,032|1,330,730|
|Fundraising|activities,||||||||
|donations|K generating||funds||221,948||221,948|213,921|
|Total|||||440,170|1,320,810|1,760,980|1,544,650|
|EXPENDITURE|||||||||
|Charitable|activities||||263,573|1,226,191|1,489,764|1,228,712|
|Fundraising|activities||||23,526||23,526|50,378|
|Support costs|||||209,206||209,206|138,017|
|Total|||||496,305|1,226,191|1,722,496|1,477, 'I 07|
|NET INCOME/(EXPENDITURE)|||||(56,135)|94,619|38,484|67,544|
|Transfers|between|funds||12|36,962|(36,962)|||
|Net movement
in funds|||||(19,173)|57,657|38,484|67,544|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought|||forward||891,455|13,862|905,317|837,773|
|TOTAL FUNDS CARRIED FORWARD|||||872,282|71,519|943,801|905,317|
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|E|E|E|E|
|FIXED ASSETS||||||||
|Tangible assets||||110,318||110,318|43,562|
|CURRENT ASSETS||||||||
|Debtors||||42,165||42,165|84,949|
|Cash at bank and||in hand||959,846|216,963|1,176,809|1,146,247|
|||||1,002,011|216,963|1,218,974|1,231,196|
|CREDITORS||||||||
|Amounts
falling due within one year|||10|(240,047)|(145,444)|(385,491)|(350,088)|
|NET CURRENT|ASSETS/(LIABILITIES)|||761,964|71,519|833,483|881,108|
|TOTAL ASSETS LESS CURRENT||||872,282|71,519|943,801|924,670|
|L IABIL ITIES||||||||
|CREDITORS||||||||
|Amounts
falling due after more than one|||11||||(19,353)|
|year||||||||
|NET ASSETS||||872,282|71,519|943,801|905,317|
|FUNDS|||12|||||
|Unrestricted
funds||||||||
|General|fund|||||722,282|741,455|
|Designated||fund||||150,000|150,000|
|Restricted
funds||||||71,519|13,862|
|TOTAL FUNDS||||||943,801|905,317|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Cash flows from operating||activities:|||||
|Cash generated
from operations|||||126,272|(151,425)|
|Net cash|provided
by (used in) operating||||||
|activities|||||126,272|(151,425)|
|Cash flows from investing||activities:|||||
|Purchase|of tangible
fixed assets||||(95,710)|~10,695)|
|Net cash|provided
by (used in) investing||||||
|activities|||||(95,710)|(10,695)|
|Cash flows from investing||activities:|||||
|New loans|in the year|||||19,353|
|Net cash|provided
by (used in) investing||||||
|activities||||||19,353|
|Change
in cash and cash equivalents|||in the||||
|reporting|period||||30,562|(142,767)|
|Cash and|cash equivalents|at the beginning|||||
|of the reporting
period|||||1,146,247|1,289,014|
|Cash and|cash equivalents|at the end|ofthe||||
|reporting|period||||1,176,809|1,146,247|
##
##
|RECONCILIATION|OF|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM|OPERATING|
|---|---|---|---|---|---|---|
|ACTIVITIES|||||||
||||||2022|2021|
||||||E|E|
|Net income/(expenditure)
for the|||reporting|period (as|per the||
|statement
of financial||activities)|||38,484|67,544|
|Adjustments
for:|||||||
|Depreciation
charges|||||28,954|18,417|
|Loss on disposal
of|fixed assets||||||
|(Increase)/decrease|in|debtors|||42,784|(12,836)|
|Increase/(decrease)|in|creditors|||16,050|(224,550)|
|Net cash provided|by|operating|activities||126,272|~151,425)|
##
##
|ANALYSIS OF C|HAN|GES
IN NET FUNDS||||
|---|---|---|---|---|---|
||||At1/9/21|Cash flow|At 31/8/22|
||||E|E|F|
|Net cash||||||
|Cash at bank and|in hand||1,146,247|30,562|1,176,809|
|Cash at bank and|in hand||1,146,247|30,562|1,176,809|
|Debt||||||
|Debts falling due|within|1 year||(19,353)|(19,353)|
|Debts falling due|after|1 year|(19,353)|19,353||
|Total|||1,126,894|30,562|1,157,456|
##
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|INCOME FROM CHARIT|ABLE ACTIVITIES||||
|---|---|---|---|---|
||Unrestricted|Restricted|2022|2021|
||Fund|Fund|||
||E|f|||
|Grants||||59,306|
|Core|100,875||100,875|100,000|
|Education||865,176|865,176|762,668|
|Community|117,347|455,634|572,981|408,756|
||218,222|1,320,810|1,539,032|1,330,730|
##
|INCOMING|FUNDRAISING|ACTIVITIES,|DONATIONS|&|GENERATING|FUNDS||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
|Donations||||||221,948|213,921|
##
|Included
within donations|Included
within donations|is f200,000 from Cardiff City|Football club (2021|Football club (2021|- f200,000).||
|---|---|---|---|---|---|---|
|EXPENDITURE|||||||
|Charitable|activities|Unrestricted|Restricted||2022|2021|
|||Fund|Fund||||
|||f|E||||
|Core||263,573|||263,573|156,947|
|Education|||776,489||776,489|719,960|
|Community|||449,702||449,702|4'I 1,805|
|||263,573|1,226,191|1,489,764||1,288,712|
|Fundraising|activities||||||
|2022|2021|
|---|---|
|E|E|
|23,526|50,378|
##
##
|EXPENDITURE
- continued|||
|---|---|---|
|Support costs|||
||2022|2021|
||E|E|
|Core|37,013|16,809|
|Education|109,042|77,105|
|Community|63,151|44,103|
||209,206|138,017|
##
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##
|TAFF|COSTS|||
|---|---|---|---|
|||2022|2021|
|||F|E|
|Wages|and salaries|964,559|937,470|
|Social
Other|security costs
pension costs|76,702
25,344|68,007
27,319|
|||1,066,605|1,032,794|
##
##
||||2022|2021|
|---|---|---|---|---|
|F60,001|-|270,000|1|1|
##
|Key management
personnel
Total costs paid out by the Charity|in relation|to key management
personnel|to key management
personnel|totalled f185,021 for the|totalled f185,021 for the|
|---|---|---|---|---|---|
|year (2021
—2141,587).||||||
|2021 COMPARATIVES FOR THE|STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted||Tota
I|
|||funds||funds|funds|
|||E||E|E|
|INCOME FROM||||||
|Income from charitable
activities||176,353||1,154,377|1,330,730|
|Incoming
fundraising
activities,||||||
|donations
8 generating
funds||213,921|||213,921|
|Total||390,274||1,154,377|1,544,651|
|EXPENDITURE||||||
|Expenditure
on charitable
activities||218,707||1,070,005|1,288,712|
|Fundraising
activities||50,378|||50,378|
|Other administrative
costs||138,017|||138,0'I 7|
|Total||407,102||1,070,005|1,477,107|
|NET INCOME/(EXPENDITURE)||(16,828)||84,372|67,544|
|Transfers
between
funds||84,551||(84,551)||
|Net movement
in funds||67,723||(179)|67,544|
|RECONCILIATION
OF FUNDS||||||
|Total funds
brought
forward||823,732||14,041|837,773|
|TOTAL FUNDS CARRIED FORWARD||891,455||13,862|905,317|
##
##
##
##
|GIBLE FIXEDA|SSETS||||||
|---|---|---|---|---|---|---|
|||Improvements|||||
|||to|Plant and|Motor|Computer||
|||property|machinery|vehicles|equipment|Totals|
|||E|E|E|E|E|
|COST|||||||
|At 1 September|2021||19,179|24,000|99,444|142,623|
|Additions||84,299|534||10,877|95,710|
|At 31 August 2022||84,299|19,713|24,000|110,321|238,333|
|DEPRECIATION|||||||
|At 1 September|2021||14,231|20,797|64,033|99,061|
|Charge for year||8,025|1,303|801|18,825|28,954|
|At 31 August 2022||8,025|15,534|21,598|82,858|128,015|
|NET BOOK VALUE|||||||
|At 31 August 2022||76,274|4,179|2,402|27,463|110,318|
|At 31 August 2021|||4,948|3,203|35,411|43,562|
##
##
##
|DEBTORS:A|MOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2022|2021|
|||||E|
|Trade debtors|||24,021|52,149|
|Accrued
income|||9,867|12,950|
|Prepayments|||8,277|19,850|
||||42,165|84,949|
|CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||2022|2021|
||||E|E|
|Trade creditors|||48,639|27,349|
|Social security|and other|taxes|22,280|17,498|
|WCVA loan|||19,353||
|Other creditors|||21,242|4,198|
|Accruals|||52,529|57,954|
|Deferred
income|||221,448|243,089|
||||385,491|350,088|
##
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##
|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:-|||||||
||||||2022||2021|
||||||E||E|
|Deferred|income at beginning|of period|||243,089||482,452|
|Resources deferred
in the year|||||1,294,450||772,050|
|Amounts|released
in the year||||(1,316,091)|(1,011,413)||
||||||221,448||243,089|
##
|CREDI|TORS: AMOUNTS
FALLING DUE AF|TER MORE THAN ONE YEAR||
|---|---|---|---|
|||2022|2021|
|||E|E|
|WCVA|loan||19,353|
||||19,353|
##
##
##
##
|MOVEMENT
IN FUN|DS||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between||
||||At 1/9/21|in funds|funds|At 31/8/22|
||||E|E|E|E|
|Unrestricted
funds|||||||
|General
fund|||741,455|(56,135)|36,962|722,282|
|Designated
fund|||150,000|||150,000|
||||891,455|(56,135)|36,962|872,282|
|Restricted funds|||||||
|Education|||||||
|PL Primary Stars||||(2,852)|2,852||
|ACT Traineeship||||(8,875)|8,875||
|PLPFA||||(877)|877||
|PL Primary Stars|Innovation|||7,459||7,459|
|CC Homework
Club||||31,253||31,253|
|PL Inspires||||3,119||3,119|
|EFL Foundation
Degree||||28,252|(28,252)||
|Fitzalan
High BTEC Level 2||||3,197|(3,197)||
|CAVC BTEC Level 3||||11,533|(11,533)||
|Hodge Foundation||||1,115||1,115|
|WCVA Traineeship||||7,225|(7,225)||
|Other education
projects||||5,362||5,362|
|Community|||||||
|PL Kicks||||149||149|
|Children
In Need|||39|||39|
|Royal British Legion|||1,039|||1,039|
|Royal Army Covenant|||595|||595|
|PL Disability|||1,803|||1,803|
|Sol Foundation|||390|26||416|
|British Lottery Fund|||824|||824|
|M K C Saatchi|||1,837|||1,837|
|PL Kicks Targeted|||281|(922)|641||
|Joy of Moving
WCVA - Bluebirds|Experience|||554
1,743||554
1,743|
|HAU Third Sector|—Grange|Pavillion||13||13|
|Mental
Health
Foundation||||1,557||1,557|
|WCVA
—Volunteering||||125||125|
|Other community|projects||7,054|5,463||12,517|
||||13,862|94,619|(36,962)|71,519|
|TOTAL FUNDS|||905,317|69,737||943,801|
##
##
|Net movement
in funds|,
included|in the above ar|e as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||E|F|E|
|Unrestricted
funds||||||
|General
fund|||440,170|(496,305)|(56,135)|
|Designated
fund||||||
|Restricted funds||||||
|Education||||||
|PL Primary
Stars|||140,000|(142,852)|(2,852)|
|ACT Traineeship|||96,511|(105,386)|(8,875)|
|PLPFA|||77,783|(78,660)|(877)|
|PL Primary
Stars|Innovation||44,352|(36,893)|7,459|
|CC Homework
Club|||35,060|(3,807)|31,253|
|PL Inspires|||55,250|(52,131)|3,119|
|EFL Foundation
Degree|||64,633|(36,381)|28,252|
|Fitzalan
High BTEC Level 2|||38,817|(35,620)|3,197|
|CAVC BTEC Level 3|||249,171|(237,638)|11,533|
|Hodge Foundation|||15,000|(13,885)|1,115|
|WCVA Traineeship|||18,444|(11,219)|7,225|
|Other education
projects|||27,146|(21,784)|5,362|
|Community||||||
|PL Kicks|||200,227|(200,078)|149|
|Children
In Need|||40,098|(40,098)||
|Royal Army Covenant|||38,314|(38,314)||
|Sol Foundation|||32,196|(32,170)|26|
|PL Kicks Targeted|||44,719|(45,641)|(922)|
|Joy of Moving
WCVA
—Bluebirds|Experience||12,466
38,000|(11,912)
(36,257)|554
1,743|
|HAU Third Sector|- Grange|Pavillion|5,000|(4,987)|13|
|Mental
Health
Foundation|||21,450|(19,893)|1,557|
|WCVA
—Volunteering|||16,403|(16,278)|125|
|Other community|projects||9,770|(4,307)|5,463|
||||1,32D, 08D|L1,226,191)|94,619|
|TOTAL FUNDS|||1,76D,980|J1,722,496)|38,484|
##
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##
##
|Comparatives
for movement
in f|unds||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1/9/20|in funds|funds|31/8/21|
||E|E|E|E|
|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|||||
|Education|||||
|ACT Traineeship||13,727|(13,727)||
|EFL Foundation
Degree
Fitzalan
High BTEC Level 2||18,220
(2,120)|(18,220)
2,120||
|CAVC BTEC Level 3||54,724|(54,724)||
|Community
Children
In Need|39|||39|
|Royal British Legion
Royal Army Covenant
PL Disability
Sol Foundation|1,039
595
1,803
390|||1,039
595
1,803
390|
|British Lottery Fund
M 8 C Saatchi|824
1,837|||824
1,837|
|PL Kicks Targeted
The Princes Trust|281
7,233|~179)||281
7,054|
||14,041|84,372|~84, 551|13,882|
|TOTAL FUNDS|837,773|67,544||905,317|
##
##
|Comparative
net m|ovement
in funds,
incl|uded
in the above are a|s follows:||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted
funds|||||
|General
fund||390,273|(407,101)|(16,828)|
|Restricted funds|||||
|Education|||||
|PL Primary Stars||166,959|(166,959)||
|ACT Traineeship||158,373|(144,646)|13,727|
|PLPFA||85,071|(85,071)||
|CC Homework
Club||22,151|(22,151)||
|PL Inspires||42,034|(42,034)||
|EFL Foundation
Degree||51,205|(32,985)|18,220|
|Fitzalan
High BTEC Level 2||32,362|(34,482)|(2,120)|
|CAVC BTEC Level|3|242,011|(187,287)|54,724|
|Community|||||
|PL Kicks||211,061|(211,061)||
|Children
In Need||36,565|(36,565)||
|Royal Army Covenant||31,566|(31,566)||
|Sol Foundation||10,305|(10,305)||
|PL Kicks Targeted||33,926|(33,926)||
|Joy of Moving||14,700|(14,700)||
|WCVA
—Bluebirds|Experience|2,958|(2,958)||
|The Princes Trust|||(179)|(179)|
|Kicks Other||2,000|(2,000)||
|The Waterloo
Foundation||4,166|(4,166)||
|EFL You V Train
Healthy
Hearts
Fund||4,000
2,964|(4,000)
~2,964)||
|||1,154,377|~1,070,005)|84,372|
|TOTAL FUNDS||1,544,650|~1,477, 106)|67,544|
##
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||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|INCOME|||||||||||
|Income from||charitable||activities|||||||
|Grants||||||||||59,304|
|Core|||||||||100,875|100,000|
|Education|||||||||865,178|762,668|
|Community|||||||||572,979|408,757|
||||||||||1,539,032|1,330,729|
|Incoming|fundraising|||activities,||donations|&generating|funds|||
|Donations|||||||||221,948|213,921|
|Total incoming|||resources||||||1,760,980|1,544,650|
|EXPENDITURE|||||||||||
|Expenditure||on|charitable||activities||||||
|Core|||||||||263,573|156,947|
|Education|||||||||776,488|719,960|
|Community|||||||||449,703|411,805|
||||||||||1,489,764|1,288,712|
|Expenditure||on|fundraising||activities||||||
|Fundraising|activities||||||||23,526|50,378|
##
##
||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Support costs|||||
|Rates and water|||4,501|4,590|
|Insurance|||7,423|8,058|
|Telephone|||3,853|2,724|
|Postage and|stationery||264|2,431|
|Sundries|||1,707|557|
|Vehicle hire,|motor,|travel 8 subsistence|2,499|2,512|
|Depreciation|||12,097|4,292|
|Computer
8|website costs||43,818|47,864|
|Internal
marketing||8 communications|20,579|20,569|
|Staff training|5 welfare||27,753|1,216|
|Rent|||29„658|22,735|
|Auditors'
remuneration|||6,300|6,000|
|Professional|fees||48,754|14,469|
||||209,206|138,0'I 7|
|Total resources
expended|||1,722,496|1,477,107|
|Net income|||38,484|67,544|