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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 7
Report ofthe Independent
Auditors
8 to 10
Statement ofFinancial Activities
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 27
Detailed Statement ofFinancial Activities 28 to 29

2023 2022
Unrestricted Restricted Total Total
Notes funds funds
f
funds funds
INCOME AND ENDOWMENTS FROM
Charitable
activities
Grants and contracts 358,867 764,175 1,123,042 1,761,709
Other trading
activities
7,800 7,800 2,500
Investment
income
9,426 9,426 5,230
Other income 2,912 2,912 159
Total 379,005 764,175 1,143,180 1,769,598
EXPENDITURE ON
Raising funds 3,893 3,893 4,042
Charitable
activities
Grants and contracts 10,022 10,022
Charitable
activities
448,077 698,109 1,146,186 1,827,279
Total 461,992 698,109 1,160,101 1,831,321
Net gains/(losses)
on investments
(24,731) (24,731) 20,408
NET INCOME/(EXPENDITURE) (107,718) 66,066 (41,652) (41,315)
Transfers
between
funds 17 95,978 (95,978)
Net movement
in funds
(11,740) (29,912) (41,652) (41,315)
RECONCILIATION OF FUNDS
Total funds brought forward 1,032,729 204,027 1,236,756 1,278,071
TOTAL FUNDS CARRIED FORWARD 1,020,989 174,115 1,195,104 1,236,756

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes F F
FIXEDASSETS
Tangible assets 12 1,426 1,426 2,851
Investments 13 368,152 368,152 390,405
369,578 369,578 393,256
CURRENT ASSETS
Debtors 14 70,018 70,018 125,099
Cash at bank and in hand 630,965 174,115 805,080 815,063
700,983 174,115 875,098 940,162
CREDITORS
Amounts
falling due within one year
15 (49,572) (49,572) (96,662)
NET CURRENT ASSETS 651,411 174,115 825,526 843,500
TOTAL ASSETS LESSCURRENT LIABILITIES 1,020,989 174,115 1,195,104 1,236,756
NET ASSETS 1,020,989 174,115 1,195,104 1,236,756
FUNDS 17
Unrestricted
funds
1,020,989 1,032,729
Restricted funds 174,115 204,027
TOTAL FUNDS 1,195,104 1,236,756
INTERLINK R CT
CASH FLOW STATEMENT
FORTHE YEAR ENDED 31 MARCH 2023
2023 2022
Notes
Cash flows from operating activities
Cash generated
from operations
(16,931) 5,177
Net cash (used in)/provided by operating activities (16,931) 5,177
Cash flows from Investing activities
Purchase offixed asset investments (31,810) (8,953)
Sale offixed asset investments 29,332 12,408
Interest received 3,418 234
Dividends
received
6,008 4,996
Net cash provided
by investing
activities
6,948 8,685
Change
in cash and cash
equivalents in
the reporting
period
(9,983) 13,862
Cash and cash equivalents at the
beginning
ofthe reporting
period 815,063 801,201
Cash and cash equivalents at the end of
the reporting
period
805,080 815,063

RECONCILIATION
OF NET
EXPE NDITURE TO NET CASH FLOW FROM OPER ATING ACTIVIT IES
2023 2022
E
Net expenditure
forthe reporting
period (as per the Statement of
Financial Activities) (41,652) (41,315)
Adjustments
for:
Depreciation
charges
1,425 1,636
Losses/(gain)
on investments
24,731 (20,408)
Interest received (3,418) (234)
Dividends
received
(6,008) (4,996)
Decrease
in debtors
55,081 258,198
Decrease
in creditors
(47,090) (187,704)
Net cash (used in)/provided by operations (16,931) 5,177
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
Net cash
Cash at bank and in hand 815,063 (9,983) 805,080
815,063 (9,983) 805,080
Total 815,063 (9,983) 805,080

INCOME FROM CHA RIT ABLE ACTIVITIES
Activity 2023
F
2022f
Grants Grants and contracts 1,123,042 1,761,709
Grants received, included in the above, are as follows:
2023 2022
E
WCVA- Core grant 265,826 216,899
WCVA- Gwirvol Youth Led Fund 6,650
RCT County Borough Council 71,900 67,100
UHB Core 21,141 21,141
Grants Administered for other Organisations 5,500 5,500
Building Communities Trust Penywaun 15,750 102,767
Sports Wales HAF Project .90,359 84,312
Health and Wellbeing 580,266 1,051,883
Welcome to our Woods 1,230
Penycymoedd 1,979 37,548
Wellbeing
assesements
2,000
Comic Relief 2,826
Winter Pressure 161,853
QGIS Mapping 12,000
Ripple Energy Community Benefit 58,321
1,123,042 1,761,709
5. RAISING FUNDS
Investment
management
costs
2023 2022
F
Portfolio management 3,893 4,042
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
E E E
Grants and contracts 10,022 10,022
Charitable
activities
1,138,907. 7,279 1,146,186
1,148,929 7,279 1,156,208
7. SUPPORT COSTS
Support
costs
F
Charitable
activities
7,279

2023 2022
E F
Auditors' remuneration 7,279 6,670
Depreciation -owned assets 1,425 1,636

STAFF COS TS
2022 2021
Gross wages and salaries F696,162 6658,837
Social security costs F66,131 f61,644
Pension costs 254,155 F54,105
F774,586 F581,667
The average monthly number ofemployees during the year was as follows:
2023 2022
Employee 25 28

Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Grants and contracts 479,699 1,282,010 1,761,709
Other trading
activities
2,500 2,500
Investment income 5,230 5,230
Other income 159 159
Total 487,588 1,282,010 1,769,598
EXPENDITURE ON
Raising funds 4,042 4,042
Charitable activities
Charitable activities 595,076 1,232,203 1,827,279
Total 599,118 1,232,203 1,831,321

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
F
Net gains on investments 20,408 20,408
NET INCOME/(EXPENDITURE) (91,122) 49,807 (41,315)
Transfers between funds 102,952 (102,952)
Net movement
in funds
11,830 (53,145) (41,315)
RECONCILIATION OF FUNDS
Total funds brought forward 1,020,899 257,172 1,278,071
TOTAL FUNDS CARRIED FORWARD 1,032,729 204,027 1,236,756
12. TANGIBLE FIXEDASSETS
Fixtures
and Computer
fittings equipment Totals
P F
COST
At 1 April 2022 and 31 March 2023 53,542 5,701 59,243
DEPRECIATION
At 1 April 2022 53,542 2,850 56,392
Charge for year 1,425 1,425
At 31 March 2023 53,542 4,275 57,817
NET BOOK VALUE
At 31 March 2023 1,426 1,426
At 31 March 2022 2,851 2,851
13. FIXEDASSET INVESTMENTS
Listed
investments
E
MARKET VALUE
At 1 April 2022 390,405
Additions 31,810
Disposals (29,006)
Revaluations (25,057)
At 31 March 2023 368,152
NET BOOK VALUE
At 31 March 2023 368,152
At 31 March 2022 390,405

Listed
investments
Valuation in 2021 16,953
Valuation in 2023 (22,253)
Cost 373,452
368,152

due
to wider
economic
concerning
equities and
due
to wider
economic
concerning
equities and
conditions,
the
attitude
of investors
to investm
within
particular sectors or sub-sectors.
ent
risk,
and
changes
in
sentime
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
F
Other debtors 68,911 122,383
Prepayments and accrued income 1,107 2,716
70,018 125,099
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
E E
Trade creditors 3,060 33,010
Other creditors 4,190 4,190
Accrued expenses 42,322 59,462
49,572 96,662

Minimum
lease payments
under non-cancellable
operating
leases fall due as follows:
2023 2022
F E
Within one year
Between one and five years
13,210
15,043
13,806
17,253
28,253 31,059

MOVEMENT
IN FUND
S
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
E F
Unrestricted
funds
Core 1,032,729 (107,718) 95,978 1,020,989
Restricted funds
UHB - Building Strong Bridges 9,372 (9,372)
Grants Administered
for
other
organisations 4,979 569 5,548
Building Communities Trust Penywaun 116,508 (32,999) (4,263) 79,246
Pe nycymoedd 365 (365)
Graig and Penycoedcae Community Fund 10,515 10,515
Sports Wales HAF Project 1,680 5,649 (7,329)
UHB ICF 20,005 20,005
Wellbeing
Coordinators
15,641 69,192 (51,739) 33,094
Digital Indusion
Grant
16,134 (2,427) 13,707
Mental
Health Projects
9,439 10,746 (20,185)
Mental
Health Service
User Grant 6,264 (6,662) 398
ICF Slippage Health and Well Being 2,862 (2,573) (289)
QGIS Mapping 12,000 12,000
Ripple Energy Community Benefit 2,834 (2,834)
204,027 66,066 (95,978) 174,115
TOTAL FUNDS 1,236,756 (41,652) 1,195,104
Net movement
in funds,
included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
F F F
Unrestricted
funds
Core 379,005 (461,992) (24,731) (107,718)
Restricted funds
UHB - Building Strong Bridges 37,572 (28,200) 9,372
Grants Administered
for other
organisations 5,500 (4,931) 569
Building Communities Trust Penywaun 15,750 (48,749) (32,999)
Penycymoedd 1,979 (1,614) 365
Sports Wales HAF Project 90,359 (84,710) 5,649
Wellbeing
Coordinators
448,720 (379,528) 69,192
Digital Indusion
Grant
(2,427) (2,427)
Mental
Health Projects
93,974 (83,228) 10,746
Mental
Health Service User Grant
ICF Slippage
Health and Well Being
QGIS Mapping
12,000 (6,662)
(2,573)
(6,662)
(2,573)
12,000
Ripple Energy Community Benefit 58,321 (55,487) 2,834
764,175 (698,109) 66,066
TOTAL FUNDS 1,143,180 (1,160,101) (24,731) (41,652)

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
E
Unrestricted
funds
Core 1,020,899 (91,122) 102,952 1,032,729
Restricted funds
UHB- MH User Involvement project 5,420 (5,420)
UHB- Building Strong Bridges 15,374 (15,374)
Grants Administered
for
other
organisations 3,814 1,165 4,979
Building Communities Trust Penywaun 43,298 75,358 (2,148) 116,508
Penycymoedd 5,263 (5,263)
Graig and Penycoedcae Community Fund 14,956 (4,441 ) 10,515
ICF Children
and Families grant
2,409 678 (3,087)
ICF Placed Based Coordinator 3,702 (3,702)
Sports Wales HAF Project 9,180 '(7,500) 1,680
UHB ICF 56,529 (36,524) 20,005
Wellbeing
Coordinators
16,194 33,302 (33,855) 15,641
BAME Engagement
Officer
29,735 (20,917) (8,818)
Digital Inclusion
Grant
22,471 (6,337) 16,134
Mental
Health Covid Response
Grant 116,244 (144,727) 28,483
Mental
Health Projects
24,103 (14,664) 9,439
Mental
Health Service
User Grant 2,631 (1,287) 4,920 6,264
ICF Slippage
Health and
Well Being 2,862 2,862
257,172 49,807 (102,952) 204,027
TOTAL FUNDS 1,278,071 (41,315) 1,236,756

Comparative
net movement
in funds,
included in the above are a s follows:
Incoming Resources Gains and Movement
resources
E
expended
E
losses
E
in funds
f
Unrestricted
funds
Core 487,588 (599,118) 20,408 (91,122)
Restricted funds
UHB - Building Strong Bridges 37,572 (22,198) 15,374
Grants Administered
for other
organisations 5,500 (4,335) 1,165
Building Communities
Trust Penywaun
102,767 (27,409) 75,358
Penycymoedd 37,548 (32,285) 5,263
Graig and Penycoedcae
Community
ICF Children
and Families grant
Fund 100,000 (4,441)
(99,322)
(4,441 )
678
ICF Older People Grant 100,000 (100,000)
ICF Placed Based Coordinator 56,858 (53,156) 3,702
Sports Wales HAF Project 84,312 (75,132) 9,180
UHB ICF
Wellbeing
Coordinators
168,720
280,500
(112,191)
(247,198)
56,529
33,302
BAME Engagement
Officer
6,932 (27,849) (20,917)
Digital Inclusion
Grant
(6,337) (6,337)
Mental
Health Covid Response Grant
200,000 (344,727) (144,727)
Mental
Health Projects
86,977 (62,874) 24,103
Mental Health Service User Grant
ICF Slippage
Health and Well Being
7,000
7,324
(8,287)
(4,462)
(1,287)
2,862
1,282,010 (1,232,203) 49,807
TOTAL FUNDS 1,769,598 (1,831,321 ) 20,408 (41,315)

A current year 12months
a
nd prior y ear 12mo nths
combined
posi
tion isas follows:
Net Transfers
movement between At
At 1.4.21 in funds
f
funds 31.3.23
Unrestricted
funds
Core 1,020,899 (198,840) 198,930 1,020,989
Restricted funds
UHB- MH User Involvement project 5,420 (5,420)
UHB - Building Strong Bridges 24,746 (24,746)
Grants Administered
for other
organisations 3,814 1,734 5,548
Building Communities
Trust Penywaun
43,298 42,359 (6,411) 79,246
Penycymoedd 5,628 (5,628)
Graig and Penycoedcae
Community
Fund 14,956 (4,441) 10,515
ICF Children
and Families grant
2,409 678 (3,087)
ICF Placed Based Coordinator 3,702 (3,702)
Sports Wales HAF Project 14,829 (14,829)
UHB ICF 56,529 (36,524) 20,005
Wellbeing
Coordinators
16,194 102,494 (85,594) 33,094
BAME Engagement
Officer
29,735 (20,917) (8,818)
Digital Inclusion
Grant
22,471 (8,764) 13,707
Mental
Health Covid Response Grant
116,244 (144,727) 28,483
Mental
Health Projects
34,849 (34,849)
Mental
Health Service User Grant
2,631 (7,949) 5,318
ICF Slippage Health and Well Being 289 (289)
QGIS Mapping 12,000 12,000
Ripple Energy Community Benefit 2,834 (2,834)
257,172 115,873 (198,930) 174,115
TOTAL FUNDS 1,278,071 (82,967) 1,195,104

FOR THE YEAR ENDE D 31 MARCH 2023
2023 2022
f.
INCOME AND ENDOWMENTS
Other trading activities
Consultancy
and training
7,800 2,500
Investment
income
Other fixed asset invest - Fll 6,008 4,996
Deposit account interest 3,029 57
Interest on cash deposits 389 177
9,426 5,230
Charl table activities
Grants 1,123,042 1,761,709
Other income
Other Income 1,607 159
Simon CEO wages 1,305
2,912 159
Total incoming
resources
1,143,180 1,769,598
EXPENDITURE
Investment
management
costs
Porffolio management 3,893 4,042
Charitable
activities
Wages 683,055 696,162
Social security 70,121 66,131
Pensions 54,522 54,155
Insurance 7,518 6,182
Telephone 13,060 13,684
Postage and stationery 9,273 10,242
Advertising 6,992 12,885
Premises expenses 12,485 11,447
WG Covid 19Recovery 2,427 6,337
- Pilot Project 30,835
Grants Paid 55,487
Travel and subsistence 5,207 4,260
Training
and Events
35,106 21,749
Computer cost 17,708 17,883
Development
Fund Grant
3,470
Equipment
(small value)
6,784 3,054
Wellbeing Assessments 1,500
Social Media and M&E 5,000
Grants for other organisations 4,931 4,335
Big Lunch Volunteering Grant 5,237
Pen y Waun
Consultancy
26,760
4,026
11,764
23,800
Recruitment
Costs
2,101 1,714
Mental
Health User Budget
745 4,299
Kindness
and WP Grant
131,937
BAME Secondment 6,750
Healthy an Active (HAF) 84,710 75,132
ICF Children
&Families
Grants 99,322
Carried forward 1,133,853 1,298,431

DETAILED STATEMENT OF FINA
FORTHE YEAR ENDED 31
NCIAL ACTIVITIES
'
MARCH 2023
2023 2022
Charitable
activities
Brought forward 1,133,853 1,298,431
ICFOlder Children
Grant
100,000
Graig and pencoedcae community 4,441
Bank charges 68 108
Health 8 Wellbeing 2,573 2,037
WCVA Covid Grant 28,100
Redundancy
Costs
5,515 14,533
Vol Factor grants 5,495 6,112
ICF Small Capital Grant 20,463
Mental Health Covid Response 344,727
Depn offixtures and fittings 211
Computer
equipment
1,425 1,425
1,148,929 1,820,588
Support costs
Management
Sundries 21
Supportcosts
Auditors'
remuneration
7,279 6,670
Total resources expended 1,160,101 1,831,321
Net expenditure
before gains and losses
(16,921) (61,723)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments (24,731) 20,408
Net expenditure (41,652) (41,315)