**REGISTERED COMPANY NUMBER: 07549533 (England and Wales) REGISTERED CHARITY NUMBER: 1141143**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
**FOR**
**INTERLINK R C T**
Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
**INTERLINK R C T**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 7|
|**Report of the Independent Auditors**|8 to 11|
|**Statement of Financial Activities**|12|
|**Balance Sheet**|13|
|**Cash Flow Statement**|14|
|**Notes to the Cash Flow Statement**|15|
|**Notes to the Financial Statements**|16 to 30|
|**Detailed Statement of Financial Activities**|31 to 32|
**INTERLINK R C T**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021**
The trustees present their report along with the financial statements for the year ended 31 March 2021. This report has been prepared in accordance with the Section 419(2) of the Companies Act 2006. The financial statements have been prepared in accordance with the accounting policies on page 15 and comply with the Charity's constitution and applicable law.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **CONSTITUTION AND OBJECTS**
The original constitution of Interlink was adopted on 23 January 1997 amended by special resolution on 26 March 1998 and further amended at a special General Meeting on 20 September 2001, and is a registered charity. The objects of the Charity are the promotion of any charitable purpose for the benefit of the community in the County Borough of Rhondda Cynon Taf and surrounding area as defined in the Local Government (Wales) Act 1994. Following a special resolution at the Annual General Meeting on the 1st December 2010, the charity adopted new memorandum and articles and became incorporated as a Company Limited by Guarantee on the 2nd March 2011. The new charity was registered with the Charity Commission on the 4th April 2011.
Interlink believes improving wellbeing requires the active and meaningful involvement of individuals, communities and organisations working together. It requires building relationships based on trust, equality, respect and understanding. It means investing in and working with the community to build their capacity, making full use of the existing strengths - the people, the connections, the buildings, the local environment, available in all communities. The meaningful involvement of individuals, communities and organisations working together, using the existing economic, social, environmental and cultural assets available in all communities is the only long-term solution to reducing inequality, addressing poverty and improving wellbeing.
## **TRUSTEES**
The trustees in office during the period and at the date of this report are set out on page 6. Trustees are elected for a term of three years at the Annual General Meeting by the membership and are required to sign a declaration of their eligibility to serve. Trustees have taken responsibility for monitoring the Charity's activities through the Executive Committee.
## **Induction and Training Procedures**
All trustees are offered training in respect of trustee roles and responsibilities and are required to attend an induction session after the annual meeting that includes a skills audit. Trustees are offered a range of opportunities throughout the year to develop their knowledge and skills to effectively fulfil their role.
## **RISK REVIEW**
The Trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by effective management of the Charity's activities and the implementation of budgetary and financial procedures, which are subject to at least annual review to ensure that they still meet the needs of the Charity. This was an exceptional year due to the Covid 19 pandemic. Interlink trustees had to quickly reassess the challenges it and its members face and put aside many planned projects to support local people and communities. This focused on:
- Supporting volunteers, formal and informal community organisations providing community support including such as help with food, shopping, prescriptions and social isolation.
- Supporting individuals access support from these volunteers and groups help with food, shopping, prescriptions and social isolation.
- Working with partners to coordinate communications and support such as the local authority and local health board through the Protect Working Group and the Community Support Steering Group.
Interlink's main areas of work continue to focus on:
- Community Advice and Support - providing information, advice, training and funding.
Page 1
**INTERLINK R C T**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
- Volunteering - supporting volunteers and volunteer organisations.
- Health, Social Care and Wellbeing - supporting people and working together on early intervention and
- prevention to improve health, social care and wellbeing.
- Citizen, Community and Third Sector Voice - helping people, communities and third sector organisations to influence and take action on those things that matter to them.
Interlink, as a County Voluntary Council is a member of Third Sector Support Wales who provide a universal service across Wales based on supporting the following four pillars:
- Volunteering
- Good Governance
- Thriving and Sustainable Third Sector
- Influencing and Strategic Engagement
## **OUR VISION**
Volunteering, community involvement and action lead to connected and resilient communities, where people are treated fairly, have good health and have the resources they need.
## **OUR MISSION**
- To listen to and support the development of communities to be better connected and more resilient;
- To build on individual and community strengths through volunteering, community involvement and action;
- To work with others to improve wellbeing, tackle poverty and reduce inequality.
## **OUR VALUES AND PRINCIPLES**
- To work sustainably, taking into account the environmental, economic and social needs of local people and communities.
- To support all members with special consideration for the needs of smaller groups.
- To promote equal opportunities and social justice, aiming to reach those individuals and groups most in
- need.
- To support voluntary action, aiming to promote and facilitate the involvement of service users, carers and citizens.
- To be flexible and responsive to the changing needs members.
- To support and develop partnership working at all levels to identify, address and deliver actions that meet the needs of local communities.
- To work with others using asset based, community development and coproductive approaches
- To enhance and not compete with the work of member organisations.
## **PUBLIC BENEFIT**
The trustees confirm they have complied with their duty in section 17(5) of the Charities Act 2011 to have due regard for public benefit. The objects for which the Charity is established are to promote any charitable purpose for the benefit of the community in the County Borough of Rhondda Cynon Taf and surrounding area. The achievements of the Charity in meeting these objects between 31st March 2020 to 31st March 2021 have been summarised in this report. Interlink increased its membership from 531 to 556 in this period.
The main focus of public benefit during the year was supporting volunteers, formal and informal community organisations providing community support and supporting individuals access support from these volunteers and groups.
## **ACHIEVEMENTS AND PERFORMANCE APRIL 2019 TO MARCH 2021**
## **COMMUNITY SUPPORT**
Page 2
**INTERLINK R C T**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The Community Advice Team were busy in the community dealing with the pandemic, supporting volunteers and new and existing formal and informal community and voluntary organisations. The variety of support provided by our Team was huge as new and existing members responded to community need, and require assistance to keep volunteers and the community safe and support. This included organising volunteers, carrying out risk assessments and handling money for shopping. Communication was essential is providing advice and information to local groups through daily bulletins.
The Team were incredibly privileged to work alongside exceptional volunteers, formal and informal community and voluntary organisations providing vital activities, facilities and services throughout Rhondda Cynon Taf.
Interlink RCT helped raise over £550,000 in grants for community and voluntary organisations mainly to support local groups provide vital community support in RCT. Key funders include Pen Y Cymoedd Wind Farm CIC, The Moondance Foundation, the Big Lottery, Comic Relief and Welsh Government.
The year saw over over 250 grants awarded directly by Interlink through grants schemes that we manage on behalf of other organisations supporting 119 community and voluntary organisations. This has resulted in supporting an incredible community response to supporting people of all ages and abilities throughout RCT. These funds include:
- The Mental Health Covid 19 Response Fund to address severe mental health challenges resulting from the pandemic.
- Integrated Care Fund which funded projects for children and young people and older people with the help of The Welsh Government the Cwm Taf Morgannwg Regional Partnership Board.
- Interlink's Development Fund
- Covid 19 small grants supported by Welsh Government and Comic Relief
- Youth-led grants to support young people to volunteer from Welsh Government and WCVA
- Sydney Albert Fund to support children, young people and families.
There was an increase in volunteering at the start of the pandemic with over 350 volunteers supported and 244 placed in local groups. The youth-led grant scheme also led to an increase in volunteering amongst young people.
Volunteer Week went on-line and there was a huge response through a 'Big Thank You' campaign with a large number of local people alongside celebrities led by Sue Perkins taking the opportunity to thank the thousands of volunteers who have helped keep people fed, safe and connected during the pandemic.
One of the largest pieces of work was our action research into the community responses to the pandemic in RCT. Over 40 groups in RCT were interviewed alongside people who were shielding and local authority staff. We has support from many partners through our Action Research Advisory Group and captured 3 filmed case studies. The year ahead will involve looking at working with partners to take forward opportunities identified from the research.
Interlink was also pleased to continue to be involved as grant recipient body for the Invest Local programme, employing a Community Development worker to support the Penywaun Invest Local Group. This helped the community in Penywaun come together to support the local community during the pandemic.
Interlink worked in partnership with Penycymoedd Windfarm Community Fund CIC to support community and voluntary groups apply to the Fund, working across the Fund area with Neath Port Talbot County Voluntary Service.
## **Training, Network and Events**
We moved to on-line events which were hugely successful and included Communities for Change 'Learning from and Looking beyond Covid 19' (as part of Interlink's AGM), Tackling the Digital Divide and Loneliness and Isolation 'Learning form Covid 19' in partnership with Voluntary Action Merthyr Tydfil.
We held a wide range of successful network events and networks including the Cwm Taf Mental Health Forum, the RCT Local Community Partnership Steering Group and Children, Young People and Families, Managing Volunteers and Accessing the Outdoors Networks.
Page 3
**INTERLINK R C T**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **ACHIEVEMENT AND PERFORMANCE HEALTH AND WELLBEING**
The Wellbeing Team reconfigured their delivery in response to the pandemic, they were removed from GP practices and Social Care Single Point of Access to work from home successfully supporting individuals via the telephone. Referrals into the service increased, many individuals requiring support with foodbank vouchers, mental health issues and isolation and loneliness. Each member of the team were aligned with the Community Resilience Hubs and were the point of access from the Covid-19 helpline. The team were kept busy researching opportunities and support services as most of the existing provision had repurposed their delivery to respond to Covid-19. Communication was an essential part of the service with information and advice being provided via information bulletins. The service is funded via the Transformation Fund and the Integrated Care Fund (ICF).
Befriending Services- continued to be supported via ICF funding of £150,000 however, service delivery repurposed to on-line provision alongside the delivery of food, essential and activity packs. Services provided vital links for people addressing the impact of isolation during lockdown.
Community Capacity Grant Scheme- we were able to provide small grants on behalf of CTMRPB with 13 projects offering services to older people, Carers and learning disability.
Grants for Older People - a range of projects to support older people and tackle loneliness and isolation included four organisations delivering larger projects through a medium sized grant as a result of receiving £100,000 from the Integrated Care Fund.
Grants for Children and Young People - £100,000 was secured from the Integrated Care Fund to support a range of ground breaking projects to address the emotional and mental wellbeing of children and young people, with 2 organisations receiving a medium sized grant and a further 6 receiving a smaller grant.
Dementia Grant Scheme - 10 projects were helped to provide essential accessible services and activities to people living with dementia and their Carers through £45,000 from the Integrated Care Fund. Delivery was altered to online in response to the pandemic.
BeActive - Interlink has worked closely with a range of exceptional partners to deliver a national action research and activity programme under the Welsh Government Healthy and Active Programme. This period covers year two of a three year programme and provides a wide range of outdoor activities to improve people's emotional, social and physical wellbeing. The programme has been successful in moving provision on-line to support people's physical and mental wellbeing through Covid 19.
Community Engagement-funding of £42,000 was secured from CTM UHB to employ a Black, Asian & Minority Ethnic Engagement Officer to work at a community level implementing a communications plan designed to increase BAME engagement with the Test Trace and Protect Service and COVID-19 information.
Page 4
**INTERLINK R C T**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **FINANCIAL REVIEW**
## **Principal Funding Sources**
Principal funding sources include Welsh Government, Cwm Taf Morgannwg University Health Board, the Cwm Taf Morgannwg Social Services and Wellbeing Partnership Board, Rhondda Cynon Taf County Borough Council and Pen y Cymoedd Wind Farm Community Fund CIC.
## **Results**
Total incoming resources exceeded resources expended by £471,398. After transfers, the unrestricted funds reported a surplus of £314,689.The performance of the charity has exceeded expectations in such a difficult and uncertain economic climate. The level of available reserves, ie. the total unrestricted reserves less amounts invested in fixed assets and designated reserves amounted to £642,960.
## **Reserves Policy**
The trustees have examined the charity's requirements for reserves in light of the main risks of the organisation using a risk assessment process and taken action to reduce the major risks faced by the charity. The trustees have built up reserves equivalent to over six months operational costs, to cover, amongst other considerations, potential redundancy costs. It was decided in the previous year to use some of the reserve to move to new more affordable office premises in Pontypridd. The reserves policy is reviewed annually by the Executive Committee and the Financial and Resources Sub Group in line with Interlink's business and financial planning process. The Executive Committee has forecasted that because of the significant challenges faced by Interlink and its members, those reserves will be used in 2020-21 to continue to provide a high level of support to member organisations
## **FUTURE PLANS**
## **Strategic Plans**
Interlink made the strategic decision in to further invest in place based working to build community capacity and resilience. However, Interlink made the decision in March to focus all of our resources on supporting Covid 19. The investment in IT and remote working during 2018/2019 meant Interlink were well placed to reconfigure all of its support and services to address the needs of the community and work with partners, with staff working remotely. Interlink will be central in working and support our members, including the many new Covid 19 support groups, local churches and others to support people and communities in RCT respond to Covid 19 in the year ahead.
We will support strategic planning and related actions that lead to communities benefitting from policies designed to reduce inequality, alleviate poverty and support improved wellbeing. We will continue to use the 5 ways of working - thinking long-term and on early intervention and prevention, supporting integration, collaboration with a strong focus on involving people and communities - as our framework for our work and working with others. We will continue to invest in and develop our local work under the national framework of Third Sector Support Wales under the 4 pillars of Volunteering, Good Governance, Thriving and Sustainable Third Sector and Influencing and Strategic Engagement.
Interlink will continue to focus on building community resilience, working with local community and voluntary groups to improve health and wellbeing by addressing what matters to local people and communities.
We will continue to be proactive in working regionally with Voluntary Action Merthyr Tydfil and Bridgend Association of Voluntary Organisation, working with Cwm Taf Morgannwg Social Services and Wellbeing Partnership Board to develop and deliver improved health and wellbeing services with local communities.
## **Our Strategic Objectives for 2020-2023**
1. To promote Community Resilience
2. To support Covid 19 recovery
3. Securing Investment in wellbeing
4. To be an effective and well-governed charity
5. To promote the impact of the community and voluntary sector
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 5
**INTERLINK R C T**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07549533 (England and Wales)
**Registered Charity number** 1141143
## **Registered office**
Glenview House Courthouse Street Pontypridd Rhondda Cynon Taff CF37 1JY
## **Trustees**
Pauline Richards Janet Whiteman Richard Flowerdew Stephen Davis Louisa Addiscott
Richard Walters Lisa Wills Alison Theaker Kyle Luckwell
Valleys Kids Chair New Horizons Vice Chair RCT Scouts Treasurer Spectacle Theatre Ynysybwl Regeneration Project Gilfach Goch Community Association Arts Factory Eye to Eye Youth Counselling Services Grief Support Cymru (From January 2021)
## **Auditors**
Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
## **Solicitors**
Spicketts Gelliwasted House 3 - 4 Gelliwasted Road Pontypridd Rhondda Cynon Taf CF37 2AU
## **Bankers**
HSBC Bank Plc 10 Portland Street SWANSEA SA1 3DF
Page 6
**INTERLINK R C T**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Interlink R C T for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Company and charitable law require the Executive Board to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- Prepare financial statements on the going concern basis unless it is inappropriate to assume that the
- charitable company will continue on that basis.
The Executive Board is responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ascertain to ensure that the financial statements comply with the Companies Act 2006. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mrs P Richards - Trustee
Page 7
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INTERLINK R C T**
## **Opinion**
We have audited the financial statements of Interlink R C T (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 8
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INTERLINK R C T**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 9
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INTERLINK R C T**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
## **Extent to which the audit was considered capable of detecting irregularities, including fraud**
- enquiring of management, including obtaining and reviewing support documentation, concerning the company's policies and procedures relating to:
- identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
- discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators of fraud.
- obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of the company, The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.
## **Audit response to the risks identified**
In addition to the above, our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;
- enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC;
- n addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;
- assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and
- evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 10
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INTERLINK R C T**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Henry Lloyd-Davies (Senior Statutory Auditor) for and on behalf of Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: .............................................
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## **INTERLINK R C T**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
4
Grants and contracts
Other trading activities
2
Investment income
3
Other income
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Grants and contracts
Charitable activities
**Total**
Net gains on investments
**NET INCOME**
**Transfers between funds**
17
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
525,817
5,437
1,150
1,490
533,894
1,769
2,621
448,160
452,550
12,327
93,671
221,018
314,689
706,210
1,020,899|Restricted
funds
£
1,819,077
-
-
-
1,819,077
-
-
1,441,350
1,441,350
-
377,727
(221,018)
156,709
100,463
257,172|2021
Total
funds
£
2,344,894
5,437
1,150
1,490
2,352,971
1,769
2,621
1,889,510
1,893,900
12,327
471,398
-
471,398
806,673
1,278,071|2020
Total
funds
£
1,367,851
8,404
3,943
5,070
1,385,268
2,721
-
1,236,646
1,239,367
13,776
159,677
-
159,677
646,996
806,673|
|---|---|---|---|---|
The notes form part of these financial statements
Page 12
## **INTERLINK R C T**
## **BALANCE SHEET 31 MARCH 2021**
|Notes
**FIXED ASSETS**
Tangible assets
12
Investments
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
4,487
373,452
377,939
383,297
544,029
927,326
(284,366)
642,960
1,020,899
1,020,899|Restricted
funds
£
-
-
-
-
257,172
257,172
-
257,172
257,172
257,172|2021
Total
funds
£
4,487
373,452
377,939
383,297
801,201
1,184,498
(284,366)
900,132
1,278,071
1,278,071
1,020,899
257,172
1,278,071|2020
Total
funds
£
1,063
-
1,063
214,490
674,288
888,778
(83,168)
805,610
806,673
806,673
706,210
100,463
806,673|
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P Richards - Trustee
............................................. R Flowerdew - Trustee
The notes form part of these financial statements
Page 13
## **INTERLINK R C T**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of fixed asset investments
Interest received
Dividends received
Net cash (used in)/provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|2021
£
492,589
492,589
(5,701)
(362,048)
-
923
613
537
(365,676)
126,913
674,288
801,201|2020
£
135,258
135,258
-
(32,875)
2,617
305,387
750
3,193
279,072
414,330
259,958
674,288|
|---|---|---|
The notes form part of these financial statements
Page 14
**INTERLINK R C T**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|||||2021||2020|
|---|---|---|---|---|---|---|
|||||£||£|
||**Net income for the reporting period (as per the Statement of**||||||
||**Financial Activities)**|||471,398||159,677|
||**Adjustments for:**||||||
||Depreciation charges|||2,277||1,640|
||Gain on investments|||(12,327)||(13,776)|
||Interest received|||(613)||(750)|
||Dividends received|||(537)||(3,193)|
||Increase in debtors|||(168,807)||(12,668)|
||Increase in creditors|||201,198||4,328|
||**Net cash provided by operations**|||492,589||135,258|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**||||||
||**Net cash**|At 1.4.20
£||Cash flow
£|At 31.3.21
£||
||Cash at bank and in hand|674,288||126,913||801,201|
|||674,288||126,913||801,201|
||**Total**|674,288||126,913||801,201|
||||||||
The notes form part of these financial statements
Page 15
**INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs**
Costs are allocated against grants they relate to. Where restricted funds have outstanding amounts which relate to core expenditure, these are transferred to core.
## **Tangible fixed assets**
Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions costing below £1,000 are not capitalied.
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
Leasehold property Straight line over length of lease Fixtures, fittings and equipment 25% Straight line
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 16
continued...
**INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Donated services**
In accordance with the charities SORP (FRS 102), the general volunteer time provided to the charitable company is not recognised and refer to the trustees' report for more information about their contribution.
## **Costs of raising funds**
The costs of raising funds consist of investment management costs and certain legal fees.
## **Expenditure on charitable activities**
Expenditure on charitable activities include grants made, governance and support costs.
## **Realised gains and losses**
All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investment are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and the carrying value. Realised and unrealised investment gains and losses are combined in the statement of financial activities.
## **Leasing**
Rentals applicable to operating leases are charged to the statement of financial activities over the period in which the cost is incurred.
## **Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the activities of the charity. These costs have been allocated between cost of raising funds and expenditure on charitable activates.
## **Pension**
The charity operates a defined contribution pension scheme for employees. The asset of the scheme are held separately from those of the charity. The annual contributions payable are charged to the statements of financial activities.
Page 17
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**2.**
**OTHER TRADING ACTIVITIES**
Printing and room hire
Consultancy and training
**3.**
**INVESTMENT INCOME**
Other fixed asset invest - FII
Deposit account interest
Interest on cash deposits
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Grants
Grants and contracts
Grants received, included in the above, are as follows:
WCVA- Core grant
WCVA- Gwirvol Youth Led Fund
RCT County Borough Council
UHB Core
Grants Administered for other Organisations
Active Inclusion
Building Communities Trust Penywaun
BL Create your space
Graig and Penycoedcae Community Fund
Sports Wales HAF Project
Neath Port Talbot Council for Voluntary services
Voluntary Action Merthyr Tydfil
Health and Wellbeing
ICF Older People
ICF Children and Families
Welcome to our Woods
Mental Health Projects
Mental Health SU Consultation
NRW SAF Agreement
Building stronger bridges
ICF Community Coordinators
Mental Health Service User grant
WG Covid 19 Recovery grant Volunteering
BAME Engagement Officer
Digital Inclusion Grant
ICF Placed Based Pathfinders
ICF Small Capital Grant
Mental Health Covid Response Grant|2021
£
-
5,437
5,437
2021
£
537
304
309
1,150
2021
£
2,344,894
2021
£
403,058
6,650
83,875
20,726
9,250
-
8
-
-
156,371
36,015
-
270,001
100,000
100,000
11,508
84,582
5,000
25,000
36,835
168,720
7,000
176,644
30,000
26,085
51,858
15,000
520,708
2,344,894|2020
£
1,250
7,154
8,404
2020
£
3,193
566
184
3,943
2020
£
1,367,851
2020
£
178,617
36,650
68,144
20,320
17,887
12,330
69,092
71,577
20,000
146,895
38,691
7,000
478,448
100,000
102,200
-
-
-
-
-
-
-
-
-
-
-
-
-
1,367,851|
|---|---|---|
Page 18
continued...
**INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **5. RAISING FUNDS**
|**Investment management costs**
Portfolio management
**6.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Grants and contracts
2,621
Charitable activities
1,878,309
1,880,930
**7.**
**SUPPORT COSTS**
Management
£
Charitable activities
5,027
**8.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets|2021
£
1,769
Support
costs (see
note 7)
£
-
11,201
11,201
Support
costs
£
6,174
2021
£
6,174
2,277|2020
£
2,721
Totals
£
2,621
1,889,510
1,892,131
Totals
£
11,201
2020
£
6,665
1,640|
|---|---|---|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 19
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **10. STAFF COSTS**
**----- Start of picture text -----**
||||
|---|---|---|
|2021|2020|
|Gross wages and salaries|£658,837|£496,377|
|Social security costs|£61,644|£46,836|
|Pension costs|£54,105|£38,454|
|£774,586|£581,667|
**----- End of picture text -----**
The average monthly number of employees during the year was as follows:
**----- Start of picture text -----**
||||
|---|---|---|
|2021|2020|
|Employee|24|22|
**----- End of picture text -----**
No employees received emoluments in excess of £60,000.
Management team of the charity are made up of the Chief Executive Officer, Deputy Chief Executive Officer, Business and Finance Manager and Funding and Development Manager and Community Advice leader totalling £179,648.
There were no volunteers during the year.
## **11.**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Charitable activities|
|Grants and contracts|264,081|1,103,770|1,367,851|
|-|
|Other trading activities|8,404|8,404|
|Investment income|3,943|-|3,943|
|Other income|5,070|-|5,070|
|Total|281,498|1,103,770|1,385,268|
|EXPENDITURE ON|
|-|
|Raising funds|2,721|2,721|
|Charitable activities|
|Charitable activities|379,566|857,080|1,236,646|
|Total|382,287|857,080|1,239,367|
|-|
|Net gains on investments|13,776|13,776|
|NET INCOME/(EXPENDITURE)|(87,013)|246,690|159,677|
|Transfers between funds|155,244|(155,244)|-|
|Net movement in funds|68,231|91,446|159,677|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|637,979|9,017|646,996|
**----- End of picture text -----**
Page 20
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
funds
£
**TOTAL FUNDS CARRIED FORWARD**
706,210
**12.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
fittings
£
**COST**
At 1 April 2020
53,542
Additions
-
At 31 March 2021
53,542
**DEPRECIATION**
At 1 April 2020
52,479
Charge for year
852
At 31 March 2021
53,331
**NET BOOK VALUE**
At 31 March 2021
211
At 31 March 2020
1,063
**13.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
Additions
Revaluations
At 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020
There were no investment assets outside the UK.
Cost or valuation at 31 March 2021 is represented by:
Valuation in 2021
Cost|**continued**
Restricted
funds
£
100,463
Computer
equipment
£
-
5,701
5,701
-
1,425
1,425
4,276
-|Total
funds
£
806,673
Totals
£
53,542
5,701
59,243
52,479
2,277
54,756
4,487
1,063
Listed
investments
£
362,048
11,404
373,452
373,452
-
Listed
investments
£
11,404
362,048
373,452|
|---|---|---|
Page 21
continued...
**INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **13. FIXED ASSET INVESTMENTS - continued**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub-sectors.
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Accrued expenses|2021
£
-
383,297
-
383,297
2021
£
170,020
14,501
99,845
284,366|2020
£
1,821
211,834
835
214,490
2020
£
12,627
-
70,541
83,168|
|---|---|---|
## **16. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years|2021
£
12,567
23,833
36,400|2020
£
15,873
34,355
50,228|
|---|---|---|
Page 22
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
Core
**Restricted funds**
UHB- MH User Involvement project
Grants Administered for other
organisations
Building Communities Trust Penywaun
Rhondda GP Cluster Worker
Penycymoedd
Graig and Penycoedcae Community
Fund
ICF Children and Families grant
Sports Wales HAF Project
Wellbeing Coordinators
BAME Engagement Officer
Digital Inclusion Grant
ICF Placed Based Pathfinders
ICF Small Capital Grant
Mental Health Covid Response Grant
Mental Health Projects
Mental Health SU Consultation
NRW SAF Agreement
Building Strong Bridges
ICF Community Coordinators
Mental Health Service User Grant
WG Covid 19 Recovery Grant
Volunteering
**TOTAL FUNDS**|At 1.4.20
£
706,210
5,420
1,994
60,230
9,491
-
18,110
-
5,218
-
-
-
-
-
-
-
-
-
-
-
-
-
100,463
806,673|Net
movement
in funds
£
93,671
-
1,820
(15,525)
-
5,181
(3,154)
2,409
(3,218)
65,035
29,735
22,471
10,209
756
165,244
20,715
50
1,400
16,649
41,245
3,131
13,574
377,727
471,398|Transfers
between
At
funds
31.3.21
£
£
221,018
1,020,899
-
5,420
-
3,814
(1,407)
43,298
(9,491)
-
(5,181)
-
-
14,956
-
2,409
(2,000)
-
(48,841)
16,194
-
29,735
-
22,471
(10,209)
-
(756)
-
(49,000)
116,244
(20,715)
-
(50)
-
(1,400)
-
(16,649)
-
(41,245)
-
(500)
2,631
(13,574)
-
(221,018)
257,172
-
1,278,071|
|---|---|---|---|
Page 23
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Core
**Restricted funds**
Grants Administered for other
organisations
Building Communities Trust Penywaun
Penycymoedd
Graig and Penycoedcae Community
Fund
ICF Children and Families grant
ICF Older People Grant
Sports Wales HAF Project
Wellbeing Coordinators
BAME Engagement Officer
Digital Inclusion Grant
ICF Placed Based Pathfinders
ICF Small Capital Grant
Mental Health Covid Response Grant
Mental Health Projects
Mental Health SU Consultation
NRW SAF Agreement
Building Strong Bridges
ICF Community Coordinators
Mental Health Service User Grant
WG Covid 19 Recovery Grant
Volunteering
**TOTAL FUNDS**|Incoming
resources
£
533,894
9,250
8
36,015
-
100,000
100,000
156,371
270,001
30,000
26,085
51,858
15,000
520,708
84,582
5,000
25,000
36,835
168,720
7,000
176,644
1,819,077
2,352,971|Resources
expended
£
(452,550)
(7,430)
(15,533)
(30,834)
(3,154)
(97,591)
(100,000)
(159,589)
(204,966)
(265)
(3,614)
(41,649)
(14,244)
(355,464)
(63,867)
(4,950)
(23,600)
(20,186)
(127,475)
(3,869)
(163,070)
(1,441,350)
(1,893,900)|Gains and
losses
£
12,327
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
12,327|Movement
in funds
£
93,671
1,820
(15,525)
5,181
(3,154)
2,409
-
(3,218)
65,035
29,735
22,471
10,209
756
165,244
20,715
50
1,400
16,649
41,245
3,131
13,574
377,727
471,398|
|---|---|---|---|---|
Page 24
continued...
**INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
Core
**Restricted funds**
Gwirvol Youth Led Fund
UHB- MH User Involvement project
UHB - Building Strong Bridges
UHB - MH User Involvement fund
Grants Administered for other
organisations
Building Communities Trust Penywaun
BL Create your space
Cynon GP Cluster
Rhondda GP Cluster Worker
Taff GP Cluster Worker
WCVA- Active Inclusion
Penycymoedd
Local Mental Health Grant
Graig and Penycoedcae Community
Fund
ICF Children and Families grant
ICF Older People Grant
ICF Placed Based Coordinator
ICF Social Value Forum
Sports Wales HAF Project
UHB ICF
Wellbeing Coordinators
**TOTAL FUNDS**|At 1.4.19
£
637,979
-
4,307
-
-
2,237
1,915
558
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,017
646,996|Net
movement
in funds
£
(87,013)
227
1,613
16,715
12,411
(243)
58,746
1,562
8,159
15,226
8,260
(860)
5,587
6,810
18,110
3,107
22
10,548
2,955
12,718
50,312
14,705
246,690
159,677|Transfers
between
funds
£
155,244
(227)
(500)
(16,715)
(12,411)
-
(431)
(2,120)
(8,159)
(5,735)
(8,260)
860
(5,587)
(6,810)
-
(3,107)
(22)
(10,548)
(2,955)
(7,500)
(50,312)
(14,705)
(155,244)
-|At
31.3.20
£
706,210
-
5,420
-
-
1,994
60,230
-
-
9,491
-
-
-
-
18,110
-
-
-
-
5,218
-
-
100,463
806,673|
|---|---|---|---|---|
Page 25
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Core
**Restricted funds**
Gwirvol Youth Led Fund
UHB- MH User Involvement project
UHB - Building Strong Bridges
UHB - MH User Involvement fund
Grants Administered for other
organisations
Building Communities Trust Penywaun
BL Create your space
Cynon GP Cluster
Rhondda GP Cluster Worker
Taff GP Cluster Worker
WCVA- Active Inclusion
Penycymoedd
Local Mental Health Grant
Graig and Penycoedcae Community
Fund
ICF Children and Families grant
ICF Older People Grant
ICF Placed Based Coordinator
ICF Social Value Forum
Sports Wales HAF Project
UHB ICF
Wellbeing Coordinators
**TOTAL FUNDS**|Incoming
resources
£
281,498
36,650
7,000
36,113
42,749
17,887
69,092
71,577
39,996
41,662
39,996
12,330
38,691
41,833
20,000
102,200
100,000
39,141
10,000
146,895
145,850
44,108
1,103,770
1,385,268|Resources
expended
£
(382,287)
(36,423)
(5,387)
(19,398)
(30,338)
(18,130)
(10,346)
(70,015)
(31,837)
(26,436)
(31,736)
(13,190)
(33,104)
(35,023)
(1,890)
(99,093)
(99,978)
(28,593)
(7,045)
(134,177)
(95,538)
(29,403)
(857,080)
(1,239,367)|Gains and
losses
£
13,776
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
13,776|Movement
in funds
£
(87,013)
227
1,613
16,715
12,411
(243)
58,746
1,562
8,159
15,226
8,260
(860)
5,587
6,810
18,110
3,107
22
10,548
2,955
12,718
50,312
14,705
246,690
159,677|
|---|---|---|---|---|
Page 26
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
Core
**Restricted funds**
Gwirvol Youth Led Fund
UHB- MH User Involvement project
UHB - Building Strong Bridges
UHB - MH User Involvement fund
Grants Administered for other
organisations
Building Communities Trust Penywaun
BL Create your space
Cynon GP Cluster
Rhondda GP Cluster Worker
Taff GP Cluster Worker
WCVA- Active Inclusion
Penycymoedd
Local Mental Health Grant
Graig and Penycoedcae Community
Fund
ICF Children and Families grant
ICF Older People Grant
ICF Placed Based Coordinator
ICF Social Value Forum
Sports Wales HAF Project
UHB ICF
Wellbeing Coordinators
BAME Engagement Officer
Digital Inclusion Grant
ICF Placed Based Pathfinders
ICF Small Capital Grant
Mental Health Covid Response Grant
Mental Health Projects
Mental Health SU Consultation
NRW SAF Agreement
Building Strong Bridges
ICF Community Coordinators
Mental Health Service User Grant
WG Covid 19 Recovery Grant
Volunteering
**TOTAL FUNDS**|At 1.4.19
£
637,979
-
4,307
-
-
2,237
1,915
558
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,017
646,996|Net
movement
in funds
£
6,658
227
1,613
16,715
12,411
1,577
43,221
1,562
8,159
15,226
8,260
(860)
10,768
6,810
14,956
5,516
22
10,548
2,955
9,500
50,312
79,740
29,735
22,471
10,209
756
165,244
20,715
50
1,400
16,649
41,245
3,131
13,574
624,417
631,075|Transfers
between
At
funds
31.3.21
£
£
376,262
1,020,899
(227)
-
(500)
5,420
(16,715)
-
(12,411)
-
-
3,814
(1,838)
43,298
(2,120)
-
(8,159)
-
(15,226)
-
(8,260)
-
860
-
(10,768)
-
(6,810)
-
-
14,956
(3,107)
2,409
(22)
-
(10,548)
-
(2,955)
-
(9,500)
-
(50,312)
-
(63,546)
16,194
-
29,735
-
22,471
(10,209)
-
(756)
-
(49,000)
116,244
(20,715)
-
(50)
-
(1,400)
-
(16,649)
-
(41,245)
-
(500)
2,631
(13,574)
-
(376,262)
257,172
-
1,278,071|
|---|---|---|---|
Page 27
continued...
## **INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Core
**Restricted funds**
Gwirvol Youth Led Fund
UHB- MH User Involvement project
UHB - Building Strong Bridges
UHB - MH User Involvement fund
Grants Administered for other
organisations
Building Communities Trust Penywaun
BL Create your space
Cynon GP Cluster
Rhondda GP Cluster Worker
Taff GP Cluster Worker
WCVA- Active Inclusion
Penycymoedd
Local Mental Health Grant
Graig and Penycoedcae Community
Fund
ICF Children and Families grant
ICF Older People Grant
ICF Placed Based Coordinator
ICF Social Value Forum
Sports Wales HAF Project
UHB ICF
Wellbeing Coordinators
BAME Engagement Officer
Digital Inclusion Grant
ICF Placed Based Pathfinders
ICF Small Capital Grant
Mental Health Covid Response Grant
Mental Health Projects
Mental Health SU Consultation
NRW SAF Agreement
Building Strong Bridges
ICF Community Coordinators
Mental Health Service User Grant
WG Covid 19 Recovery Grant
Volunteering
**TOTAL FUNDS**|Incoming
resources
£
815,392
36,650
7,000
36,113
42,749
27,137
69,100
71,577
39,996
41,662
39,996
12,330
74,706
41,833
20,000
202,200
200,000
39,141
10,000
303,266
145,850
314,109
30,000
26,085
51,858
15,000
520,708
84,582
5,000
25,000
36,835
168,720
7,000
176,644
2,922,847
3,738,239|Resources
expended
£
(834,837)
(36,423)
(5,387)
(19,398)
(30,338)
(25,560)
(25,879)
(70,015)
(31,837)
(26,436)
(31,736)
(13,190)
(63,938)
(35,023)
(5,044)
(196,684)
(199,978)
(28,593)
(7,045)
(293,766)
(95,538)
(234,369)
(265)
(3,614)
(41,649)
(14,244)
(355,464)
(63,867)
(4,950)
(23,600)
(20,186)
(127,475)
(3,869)
(163,070)
(2,298,430)
(3,133,267)|Gains and
losses
£
26,103
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
26,103|Movement
in funds
£
6,658
227
1,613
16,715
12,411
1,577
43,221
1,562
8,159
15,226
8,260
(860)
10,768
6,810
14,956
5,516
22
10,548
2,955
9,500
50,312
79,740
29,735
22,471
10,209
756
165,244
20,715
50
1,400
16,649
41,245
3,131
13,574
624,417
631,075|
|---|---|---|---|---|
Page 28
continued...
**INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **18. RELATED PARTY DISCLOSURES**
Due to the nature of the organisation and its members and trustees being drawn from a wide range of local organisations, it is inevitable that transactions will take place with organisations in which a member / trustee of the organisation may have an interest.
## **19. RESTRICTED FUNDS**
## **Welsh Government - Third Sector Support Wales**
Interlink receives funding from Welsh Government through WCVA to provide support, advice and training to community and voluntary groups and promote volunteering.
Cwm Taf Morgannwg University Health Board - Mental Health
Interlink delivers a service level agreement to work with community and voluntary organisations, people with lived experience and statutory services to design, develop and integrate mental health services in the community.
## **Cwm Taf Morgannwg University Health Board (CTMUHB) - Building Strong Bridges**
Along with a core development grant, this service level agreement with CTMUHB enables Interlink to involve and represent community and voluntary organisations in working in partnership with the Cwm Taf Morgannwg University Health Board, other statutory partners and strategic partnerships such as the Cwm Taf Morgannwg Regional Partnership Board. It supports Interlink in its role to provide advice, information and networking opportunities to enable community and voluntary organisations to fully contribute to improving health, social care and wellbeing.
Cwm Taf Morgannwg University Health Board (CTMUHB)- Black, Asian & Minority Ethnic (BAME) Engagement.
This service level agreement supports the employment of a Black, Asian & Minority Ethnic Engagement Officer to work at a community level implementing a communications plan designed to increase BAME engagement with the Test Trace and Protect Service and COVID-19 information.
Rhondda Cynon Taf County Borough Council (RCTCBC). Interlink delivers a service level agreement to support community and voluntary groups, promote volunteering and provide local services working alongside RCTCBC.
Welsh Government Healthy and Active Fund - BeActive RCT
Interlink works alongside local community and voluntary organisations to deliver a national action research programme to improve mental and physical wellbeing to support people to access local outdoor activities provided by and in the local community.
## **Welsh Government Transformation Fund**
Interlink employs a team of Wellbeing Coordinators to work with GP's and other health and social care professionals in primary care to assist people to find support to address their social, emotional and or practical needs, working closely with community and voluntary groups and other partners. The funding is approved by the Cwm Taf Morgannwg Regional Partnership Board.
Welsh Government Integrated Care Fund
Cwm Taf Morgannwg Regional Partnership Board approved the following Interlink projects and grants schemes:
- Community Coordination:
Interlink employs Community Coordinators (50+) to establish strong links with groups who work with older people, working together to reduce isolation and loneliness by gathering information on activities and services for older people and their carers.
## **- Placed Based Pathfinders:**
Interlink employs a Coordinator to carry out and implement action research working with community anchor organisations and partners. The project aims to support local partners and community networks to work together to provide support in the community to improve people's wellbeing.
Page 29
continued...
**INTERLINK R C T**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **19. RESTRICTED FUNDS - continued**
## **- ICF Medium-sized grants - Children and Families Grant:**
Interlink secured funding of £100,000 for a grant scheme to fund projects run by community and voluntary groups to improve the mental wellbeing of children and young people
## - ICF Medium-sized grants - Older People
Interlink secured funding of £100,000 for a grant scheme for fund projects run by community and voluntary groups to reduce loneliness and isolation amongst older people.
## - ICF Capital Fund
Interlink received funding for capital improvements to Canolfan Pentre Community Centre and Hub.
## Youth-led Grant Scheme
The 'VolFactor' is a youth-led grant scheme, funded annually through WCVA from Welsh Government, administered by Interlink. Applications are made to a Young People's Pane who award grants to youthled projects to support young people's volunteering.
## Invest Local, Penywaun
Interlink is the grant recipient body for the Penywaun Invest Local Group, employing a Community Development Officer to support the groups address local priorities. Invest Local is funded by the Big Lottery Fund and managed by Building Communities Trust (BCT).
## **Penycymoedd Windfarm Community Fund CIC**
Interlink employs a Community Advice Coordinator to deliver advice and support to community voluntary organisations applying to the Penycymoedd Windfarm Community Fund in the area covered by the Fund in partnership with Neath Port Talbot CVS.
## **Natural Resources Wales (NRW)**
Interlink received funding from NRW (through RCTCBC) to deliver a project on behalf of Cwm Taf Public Service Board to promote access to on-line and outdoor activities; and carry out green 'experiments' - small projects with community organisations to fund work with children and young people and NHS staff to improve their mental and physical wellbeing and produce a film.
## Comic Relief Grant
Interlink received funding to provide small grants to support community and voluntary organisations to support their local communities through Covid 19.
## **Welsh Government Covid Recovery (Volunteering) Grant**
Interlink received funding to work with RCTCBC to promote and support volunteers and formal and informal community and voluntary organisations through Covid 19. The grant supported community action research and the production of filmed case studies of the community responses to Covid 19. The grant also led to the development of a new community platform to promote community activities in RCT called Connect RCT.
## **Mental Health Response Covid 19 Grant**
Interlink received funding from Welsh Government through Cam Taf Morgannwg University Health Board to provide grants to mental health organisations develop to provide essential community mental health services through Covid 19.
## Mental Health Digital Inclusion Grant
Working with mental health organisations and people with lived experience, Cwm Taf Morgannwg University Health Board provided s grant to Interlink to invest in a digital platform that would promote and provide feedback of mental health services in Cwm Taf Morgannwg.
## **Unrestricted Funds (Core)**
The unrestricted (core) funds are available to be spent or invested for any of the purposes of the charity.
Page 30
## **INTERLINK R C T**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**INCOME AND ENDOWMENTS**
**Other trading activities**
Printing and room hire
Consultancy and training
**Investment income**
Other fixed asset invest - FII
Deposit account interest
Interest on cash deposits
**Charitable activities**
Grants
**Other income**
Other Income
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Portfolio management
**Charitable activities**
Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Advertising
Premises expenses
WG Covid 19 Recovery
Voluntary factor grants
Travel and subsistence
Training and Events
Computer cost
Development Fund Grant
Maintenance & supplies
Subscriptions
Equipment (small value)
CYS Project Expenditure
Grants for other organisations
WCVA Active Inclusion
Pen y cymoedd
Carried forward|2021
£
-
5,437
5,437
537
304
309
1,150
2,344,894
1,490
2,352,971
1,769
658,837
61,644
54,105
5,960
13,323
5,062
6,034
11,403
149,391
23,600
755
3,499
16,967
2,216
-
-
5,503
-
7,430
2,621
-
1,028,350|2020
£
1,250
7,154
8,404
3,193
566
184
3,943
1,367,851
5,070
1,385,268
2,721
496,377
46,836
38,454
4,647
12,911
4,014
3,385
34,628
-
36,423
13,356
4,318
16,658
3,020
1,998
396
9,492
(2,167)
18,130
4,443
538
747,857|
|---|---|---|
This page does not form part of the statutory financial statements
Page 31
## **INTERLINK R C T**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Charitable activities**
Brought forward
Pen y Waun
KESS project
Consultancy
Repairs
Recruitment Costs
Mental Health User Budget
Social value forum events
CYS Project expenditure
Healthy an Active (HAF)
ICF Children & Families Grants
ICF Older Children Grant
Graig and pencoedcae community
Bank charges
Renew/DTA Mentoring
WCVA Covid Grant
Bad Debts
Redundancy Costs
Vol Factor grants
Comic Relief Covid 19 Grant
ICF Small Capital Grant
Mental Health Covid Response
Mental Health SU Consultation
Long leasehold
Fixtures and fittings
Computer equipment
**Support costs**
**Management**
Sundries
**Support costs**
Auditors' remuneration
Total resources expended
**Net income before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset
investments
**Net income**|2021
£
1,028,350
2,736
-
3,900
-
1,185
3,869
-
-
159,589
97,591
100,000
3,154
114
-
24,566
1,787
29,983
6,251
26,591
28,573
355,464
4,950
-
852
1,425
1,880,930
5,027
6,174
1,893,900
459,071
12,327
471,398|2020
£
747,857
9,391
5,500
5,950
26,661
1,028
5,387
7,045
70,015
134,177
99,093
99,978
1,890
92
1,450
3,750
5,075
-
-
-
-
-
-
728
912
-
1,225,979
4,002
6,665
1,239,367
145,901
13,776
159,677|
|---|---|---|
This page does not form part of the statutory financial statements
Page 32