|||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|
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|||||||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|
##
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##
##
##
##
||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)|