2023-03-31-accounts - Prime Cymru

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	Page	Page
Report ofthe Trustees	1 to	5
Report ofthe Independent Auditors	6 to	9
Statement of Financial Activities	10
Balance Sheet	11 to	12
Notes to the Financial Statements	13 to	30
Detailed Statement ofFinancial Activities	31 to	32

							31.3.23		31.3.22
					Unrestricted	Restricted	Tota I		Tota I
					funds	funds	funds		funds
				Notes	E	E	6		E
INCOME AND ENDOWMENTS			FROM
Donations and legacies					504,624		504,624		157,844
Charitable activities
General Charitable		Activities				343,265	343,265		460,569
Investment income				3	6,186		6,186		4,319
Other income				5					37
Total					510,810	343,265	854,075		622,769
EXPENDITURE ON
Raising funds					380		380
Charitable activities
General Charitable		Activities			146,926	381,580	528,506		578,288
Mentoring Day									10,541
Other					1,042	220	1,262		1,861
Total					148,348	381,800	530,148		590,690
Net gains/(losses)	on investments				(29,279)		(29,279)		(2,089)
NET INCOME/(EXPENDITURE)					333,183	(38,535)	294,648		29,990
RECONCILIATION	OF FUNDS
Total funds brought		forward			455,138	38,535	493,673	'	463,683
TOTAL FUNDS CARRIED FORWARD					788,321		788,321		493,673

	Balance Sheet
	31stMarch 2023
		31.3.23	31.3.22
	Notes	6	E
FIXED ASSETS
Tangible assets	14	1,098	2,191
Investments	15	192,469	187,264
		193,567	189,455
CURRENT ASSETS
Debtors	16	9,892	122,356
Cash at bank		603,229	200,942
		613,121	323,298
CREDITORS
Amounts falling due within one year	17	(18,367)	(19,080)
NET CURRENT ASSETS		594,754	304,218
TOTAL ASSETS LESSCURRENT LIABILITIES		788,321	493,673
NET ASSETS		788,321	493,673
IUNDS	20
iinrestricted funds		788,321	455,138
iestricted funds			38,535
TOTAL FUNDS		788,321	493,673

DONATIONS AND LEGACIES
	31.3.23	31.3.22
	E	E
Donations	4,624	17,844
Grants	500,000	140,000
	504,624	157,844

	Grants
			Unrestricted	Restricted
			funds f	funds f	31.3.23 f	31.3.22 f
	Moon dance		500,000		500,000	140,000
			500,000		500,000	140,000
	Donations
	Donations	&gifts	4,624		4,624	17,844
			4,624		4,624	17,844
	Tota I		504,624		504,624	157,844
3.	INVESTMENT INCOME
					31.3.23	31.3.22
					f	f
	Deposit account interest				86	1
	Investment	account income			6,100	4,318
					6,186	4,319

			31.3.23	31.3.22
		General
		Charitable
		Activities	TotalActivities	TotalActivities
		E	f	E
Grants
WCVA	24282			136,105
WCVA	26882	38,718	38,718	89,767
WCVA	27400	44,355	44,355	124,461
WCVA	27908	42.732	42,732	53,961
WCVA	29684	12,425	12,425	37,275
WCVA	29703	140,035	140,035
Prince	ofWales Charity Foundation	65,000	65,000	19,000
		343,265	343,265	460,569

OTHER INCOME
		31.3.23	31.3.22
		E	E
Gain on sale oftangible	fixed assets		37
RAISING FUNDS
Other trading activities

7.	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS
					Direct	Support
					Costs (see	costs (see
					note 8)	note 9)	Totals
					E	E	E
	General	Charitable		Activities	487,125	41,381	528,506
8.	DIRECT COSTS OF CHARITABLE ACTIVITIES
						31.3.23	31.3.22
						E	E
	Staff costs					459,163	510,563
	Event expenses						10,407
	Travelling					23,711	16,567
	Accommodation		&subsistence			2,795	2,392
	Meeting	facilities				670	727
	Training	& workshops				786	70
	Discretionary funding						612
						487,125	541,338
9.	SUPPORT COSTS
						Governance
					Management	costs	Totals
					E	E	E
	Other resources		expended		1,262		1,262
	General	Charitable		Activities	36,781	4,600	41,381
					38,043	4,600	42,643

						31.3.23	31322.
				Other	General
				resources	charitable	Total	Total
				expended	Activities	activities	activities
				f	E	E	E
Rent, rates and water					9,794	9,794	14,218
Insurance					2,928	2,928	2,450
Light and	heat				3 112	3,112	2,962
Telephone					7,181	7,181	8,275
Postage and		stationery			2,373	2,373	4,145
Sundries					533	533	464
Subscriptions					4,428	4,428	1,956
Computer	&website costs				2,707	2,707	3,696
Repairs &renewals					1,461	1,461	2,195
Depreciation		oftangible	and heritage
assets				1,262		1,262	1,861
Bank charges					648	648	651
Investment		management	fees		1,616	1,616	1,979
				1,262	36,781	38,043	44,852
Governance		costs
						31.3.23	31.3.22
						General
						Charitable	Total
						Activities	actwit&es
						E	E
Auditors'	remuneration					4,600	4,500

				31.3.23	31.3.22
				E	E
Auditors'	remuneration			4,600	4,500
Depreciation		-	owned assets	1,262	1,861
(Deficit)/surplus			on disposal offixed assets	380	(37)
Pension	Costs			19,826	21,992

StaffCosts	31.3.23	31.3.22
Wages 5Salaries	403,442	450,556
Social Security	35,895	38,016
Pension	19,826	21,991
	459,163	510,563

		31.3.23	31.3.22
Chief Executive		1	1
Director ofOperations			1
Finance Manager		1	1
Project Manager		1	1
Administration and Human	Resources	1	2
Development Officers		7	13
Communications Co-Ordinator		1	1
		13	20

The number of e 660,000was:	mployees	whose e	mployee benefits (excluding empl	oy	er pension cos	ts) exceede
					31.3.23	31.3.22
F80,001 - 690,000					1	1
During the year pension contributions			on behalf ofthese staff amounted	to	64,275
COMPARATIVES FOR THE STATEMENT			OF FINANCIAL ACTIVITIES
			Unrestricted		Restricted	Tota I
			funds		funds	funds
			E		6	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			157,844			157,844
Charitable activities
General Charitable	Activities				460,569	460,569
Investment income			4,319			4,319
Other income					37	37
Total			162,163		460,606	622,769
EXPENDITURE ON
Charitable activities
General Charitable	Activities		154,994		423,294	578,288
Mentoring Day			10,541			10,541
Other			1,320		541	1,861
Total			166,855		423,835	590,690
Net gains/(losses) on investments			(2,089)			(2,089)
NET INCOME/(EXPENDITURE)			(6,781)		36,771	29,990
RECONCILIATION OF FUNDS
Total funds brought	forward		461,919		1,764	463,683

			Notes tothe Financial Statements -continued for the Year Ended 31st March 20?3	Notes tothe Financial Statements -continued for the Year Ended 31st March 20?3	Notes tothe Financial Statements -continued for the Year Ended 31st March 20?3
13.	COMPARATIVES		FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
					Unrestricted	Restricted	Total
					funds	funds	funds
					E	E	f
	TOTAL FUNDS CARRIED FORWARD				455,138	38,535	493,673
14.	TANGIBLE	FIXED	ASSETS
					Fixtures
				Exhibition	and	Office
				equipment	fittings	equipment	Totals
				E	E	f	E
	COST
	At 1st April	2022		6,024	9,954	26,511	42,489
	Additions					549	549
	Disposals					(13,720)	(13,720)
	At 31st March 2023			6,024	9,954	13,340	29,318
	DEPRECIATION
	At 1st April	2022		6,024	9,318	24,956	40,298
	Charge for	year			212	1,050	1,262
	Eliminated	on disposal				(13,340)	(13,340)
	At 31st March 2023			6,024	9,530	12,666	28,220
	NET BOOK	VALUE
	At 31st March 2023				424	674	1,098
	At 31st March 2022				636	1,555	2,191

15.	FIXEDASSET INVESTM	EN	TS
					Cash and
				Listed	settlements
				investments	pending	Totals
				E	E	E
	MARKET VALUE
	At 1st April 2022			189,379	1,220	190,599
	Additions			79,300	86,132	165,432
	Disposals			(58,481)	(80,916)	(139,397)
	At 31st March 2023			210,198	6,436	216,634
	PROVISIONS
	At 1st April 2022			3,335		3,335
	Revaluation provision	for	year	22,109		22,109
	Eliminated on disposal			(1,279)		(1,279)
	At 31st March 2023			24,165		24,165
	NET BOOK VALUE
	At 31st March 2023			186,033	6,436	192,469
	At 31st March 2022			186,044	1,220	187,264
	There were no investment		assets outside the UK.
16.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.3.23	31.3.22
					E	E
	Trade debtors				3,276	117,402
	Other debtors				1,800	1,800
	Prepayments				4,816	3,154
					9,892	122,356

CREDITORS: AMOUNTS F	ALLING DUE WITHIN	ONE YEAR
				31.3.23	31.3.22
				E	6
Trade creditors				3,147	2,443
Social security and other taxes				8,988	10,251
Accrued expenses				6,232	6,386
				18,367	19,080
LEASING AGREEMENTS
Minimum lease payments	under non-cancellable	operating	leases fall due as follows:
				31.3.23	31.3.22
				E	E
Within one year				10,750	8,958
Between one and five years				21,500	1,792
				32,250	10,750
ANALYSIS OF NET ASSETS BETWEEN FUNDS
				31.3.23	31.3.22
	Unrestricted		Restricted	Total	Total
		funds	funds	funds	funds
		E	E	f	f
Fixed assets		1,098		1,098	2,191
Investments		192,469		192,469	187,264
Current assets		613,121		613,121	323,298
Current liabilities		(18,367)		(18,367)	(19,080)
		788,321		788,321	493,673

MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.4.22	in funds	funds	31.3.23
			E	f	f	E
Unrestricted	funds
General fund			127,874	(2,022)	(30,000)	95,852
Moondance			140,000	360,000		500,000
Designated Walker Crips Investment
Fund			187,264	(24,795)	30,000	192,469
			455,138	333,183		788,321
Restricted funds
Powys County	Council		20	(20)
WCVA 23997	Bridgend,	NPT, Rhondda,
Caerphilly, Denbighshire,		etc.	178	(178)
Prince ofWales Charity		Fund-
Rebranding Grant			1,000	(1,000)
WCVA 24282	Prime People Plus		62	(62)
Wales Council	for Voluntary Action		37,275	(37,275)
			38,535	(38,535)
TOTAL FUNDS			493,673	294,648		788,321

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	f	E	E
Unrestricted	funds
General fund				4,710	(6,732)		(2,022)
Moondance				500,000	(140,000)		360,000
Designated Walker Crips Investment
Fund				6,100	(1,616)	(29,279)	(24,795)
				510,810	(148,348)	(29,279)	333,183
Restricted funds
Powys County	Council				(20)		(20)
WCVA 23997	Bridgend,	NPT, Rhondda,
Caerphilly, Denbighshire,		etc.			(178)		(178)
Prince ofWales Charity		Foundation
				65,000	(65,000)
Prince of Wales Charity		Fund-
Rebranding Grant					(1,000)		(1,000)
WCVA 24282	Prime People		Plus	(1)	(61)		(62)
WCVA 26882	Prime People		East	38,718	(38,718)
Wales Council	for Voluntary		Action—
Prime People	West			44,355	(44,355)
Wales Council	for Voluntary		Action-
Prime People	West 2			42,732	(42,732)
Wales Council	for Voluntary		Action	12,425	(49,700)		(37,275)
Wales Council	for Voluntary		Action-
Prime People	West 3			140,036	(140,036)
				343,265	(381,800)		(38,535)
TOTAL FUNDS				854,075	(530,148)	(29,279)	294,648

				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.22
			E	f	E	E
Unrestricted	funds
General fund			154,905	(147,031)	120,000	127,874
Moondance				140,000		140,000
Designated Walker Crips Investment
Fund			307,014	250	(120,000)	187,264
			461,919	(6,781)		455,138
Restricted funds
Powys County	Council			20		20
WCVA 23984	Flintshire	8 Wrexham	136	(136)
WCVA 23997	Bridgend,	NPT, Rhondda,
Caerphilly, Denbighshire,		etc.	502	(324)		178
Prince ofWales Charity		Fund-
Rebranding Grant			1,000			1,000
WCVA 24282	Prime People Plus		126	(64)		62
Wales Council	for Voluntary Action			37,275		37,275
			1,764	36,771		38,535
TOTALFUNDS			463,683	29,990		493,673

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				f	f	f	f
Unrestricted	funds
General fund				17,845	(164,876)		(147,031)
Moondance				140,000			140,000
Designated Walker Crips Investment
Fund				4,318	(1,979)	(2,089)	250
				162,163	(166,855)	(2,089)	(6,781)
Restricted funds
Powys County	Council			20			20
WCVA 23984	Flintshire	&Wrexham			(136)		(136)
WCVA 23997	Bridgend,	NPT, Rhondda,
Caerphilly, Denbighshire,		etc.		17	(341)		(324)
Prince of Wales Charity		Foundation
				19,000	(19,000)
WCVA 24282	Prime People		Plus	136,104	(136,168)		(64)
WCVA 26882	Prime People		East	89,768	(89,768)
Wales Council	for Voluntary		Action-
Prirne People	West			124,462	(124,462)
Wales Council	for Voluntary		Action—
Prime People	West 2			53,960	(53,960)
Wales Council	for Voluntary		Action	37,275			37,275
				460,606	(423,835)		36,771
TOTAL FUNDS				622,769	(590,690)	(2,089)	29,990

				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.23
			E	f	E	E
Unrestricted	funds
General fund			154,905	(149,053)	90,000	95,852
Moondance				500,000		500,000
Designated Walker Crips Investment
Fund			307,014	(24,545)	(90,000)	192,469
			461,919	326,402		788,321
Restricted funds
WCVA 23984	Flintshire	Ik Wrexham	136	(136)
WCVA 23997	Bridgend,	NPT, Rhondda,
Caerphilly, Denbighshire,		etc.	502	(502)
Prince ofWales Charity		Fund-
Rebranding Grant			1,000	(1,000)
WCVA 24282	Prime People Plus		126	(126)
			1,764	(1,764)
TOTAL FUNDS			463,683	324,638		788,321

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	E	E
Unrestricted	funds
General fund				22,555	(171,608)		(149,053)
Moondance				640,000	(140,000)		500,000
Designated Walker Crips investment
Fund				10,418	(3,595)	(31,368)	(24,545)
				672,973	(315,203)	(31,368)	326,402
Restricted funds
Powys County	Council			20	(20)
WCVA 23984	Flintshire	&Wrexham			(136)		(136)
WCVA 23997	Bridgend,	NPT, Rhondda,
Caerphilly, Denbighshire,		etc.		17	(519)		(502)
Prince ofWales Charity		Foundation
				84,000	(84,000)
Prince ofWales Charity		Fund-
Rebranding Grant					(1,000)		(1,000)
WCVA 24282	Prime People		Plus	136,103	(136,229)		(126)
WCVA 26882	Prime People		East	128,486	(128,486)
Wales Council	for Voluntary		Action-
Prime People	West			168,817	(168,817)
Wales Council	for Voluntary		Action-
Prime People	West 2			96,692	(96,692)
Wales Council	for Voluntary		Action	49,700	(49,700)
Wales Council	for Voluntary		Action—
Prime People	West 3			140,036	(140,036)
				803,871	(805,635)		(1,764)
TOTAL FUNDS				1,476,844	(1,120,838)	(31,368)	324,638

			Detailed Statement of Financial
			for the Year Ended 31stMarch 2023
				31.3.23	31.3.22
				f	E
INCOME AND ENDOWMENTS
Donations and	legacies
Donations				4,624	17,844
Grants				500,000	140,000
				504,624	157,844
Investment income
Deposit account	interest			86	1
Investment account income				6,100	4,318
				6,186	4,319
Charitable activities
Grants				343,265	460,569
Other income
Gain on sale oftangible		fixed assets			37
Total incoming resources				854,075	622,769
EXPENDITURE
Other trading activities
Loss on sale oftangible		fixed assets		380
Charitable activities
Wages				403,442	450,556
Social security				35,895	38,016
Pensions				19,826	21,991
Event expenses					10,407
Travelling				23,711	16,567
Accommodation	&subsistence			2,795	2,392
Meeting facilities				670	727
Training &workshops				786	70
Discretionary funding					612
				487,125	541,338

				for the Year Ended 31s	t March 2023
					31.3.23	31.3.22
					E	E
Support costs
Management
Rent, rates and water					9,794	14,218
Insurance					2,928	2,450
Light and heat					3,112	2,962
Telephone					7,181	8,275
Postage and	stationery				2,373	4,145
Sundries					533	464
Subscriptions					4,428	1,956
Computer Ik	website		costs		2,707	3,696
Repairs & renewals					1,461	2,195
Fixtures and	fittings				212	281
Office Equipment					1,050	1,580
Bank charges					648	651
Investment management				fees	1,616	1,979
					38,043	44,852
Governance	costs
Auditors' remuneration					4,600	4,500
Total resources	expended				530,148	590,690
Net income before gains				and losses	323,927	32,079
Realised recognised		gains		and losses
Realised gains/(losses)			on	fixed asset
investments					(7,170)	4,400
Net income					316,757	36,479