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|---|---|---|
|Trustees'
report||t -10|
|Statement
oftrustees'|responsibilities||
|Independent
examiner's
report||12|
|Statement
offinancial|activities|13|
|Balance sheet||14|
|Statement ofcash flows||15|
|Notes to the financial|statements|16-29|
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|Reference|and administrative
detai|and administrative
detai|ls|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Company|number||07198387|||||||||
|Charity number|||1141781|||||||||
|Registered||ofhce|Unit S5|||||||||
||||Capital Buisiness Park|||||||||
||||Parkway|||||||||
||||Cardiff|||||||||
||||CF32PU|||||||||
|Trustees|||N De Longhi - Resigned 10May 2021|||||||||
||||K Manson - Resigned|22 June 2020||||||||
||||S Harris|||||||||
||||C Bray|||||||||
||||EWaldron|||||||||
||||R Hutchings - Resigned 31 March 2021|||||||||
||||H Vadgama -Appointed 4 November||2020|||||||
||||S Milbum -Appointed|10May 2021||||||||
||||J Hunt -Appointed
1 October 2021|||||||||
||||SGermain - Manager|(to September|2021);||||CEO|(from||
||||September 2021)|||||||||
||||G Molan - Operations|Manager (to September 2021); Head||||||||
||||ofOperations
(from October 2021)|||||||||
||||P Pindar - Volunteer
and Project Oificer||||(to September|||||
||||2021);Volunteering
8|Employability|Co-ordinator|||||(from||
||||October 2021)|||||||||
||||E Roberts - Assistant|Operations
Manager||||||||
||||M Jones - Assistant
Operations
Manager (to||||||June|2020)||
||||D Richards -Assistant|Operations
Manager|||||(from|July 2020)||
||||M Lee -Assistant
Operations
Manager|||||||||
||||K Padfield -Assistant|Project Manager|||(to|September 2021);||||
||||Head of Development|(from October|2021)|||||||
||||C Rossi - Food Sourcing Co-ordinator|||(toAugust||||2021)||
||||H Thomas - Project Oflicer (from July|||2021)||||||
||||SWilliams - Finance|Manager
(from|July 2021)|||||||
||||G Sullivan - Marketing|8Communications||||Co-ordinator|||(from|
||||August 2021)|||||||||
||||SStranks - Food Sourcing Co-ordinator||||(from October 2021)|||||
|Independent||Examiners|Azets Audit Services|||||||||
||||Ty Derw|||||||||
||||Lime Tree Court|||||||||
||||Cardiff Gate Business|Park||||||||
||||Cardiff|||||||||
||||CF23 8AB|||||||||
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||Notes||2021f|2021f|2021|2020
f|2020f|2020f|
|Income and endowments||from:|||||||
|Donations
and legacies|||338,882||338,882|130,037||130,037|
|Charitable
activities|||175,485|423,482|598,967|135|1,000,055|1,000,190|
|Investments|||1,567||1,567|1,280||1,280|
|Other income|||1,000||1,000|4,482||4,482|
|Total income|||516,934|423,482|940,416|135,934|1,000,055|1,135,989|
|~Ed t|||||||||
|Charitable
activities|||225,812|582,247|808,059|33,848|504,730|538,578|
|Net incomingl|||||||||
|(outgoing) resources|||||||||
|before transfers|||291,122|(158,765)|132,357|102,086|495,325|597,411|
|Gross transfers|||||||||
|between
funds|||60,448|(80,448)||178,455|(178,455)||
|Net incomel(expenditure)|||||||||
|for the year/|||||||||
|Net movement|in funds||351,570|(219,213)|132,357|280,541|316,870|597,411|
|Fund balances at 1|||||||||
|April2020|||740,794|513,303|1,254,097|460,253|196,433|656,686|
|Fund balances|at 31||||||||
|March 2021|||1,092,364|294,090|1,386,454|740,794|513,303|1,254,097|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|6||8||
|Fixed assets||||||||
|Tangible assets|||12||381,213||400,533|
|Current assets||||||||
|Debtors|||13|165,856||78,928||
|Cash at bank and|in|hand||1,159,143||821,726||
|||||1,324,999||900,654||
|Creditors: amounts||falling due within||||||
|one year|||14|(319,758)||(47,090)||
|Net cunent assets|||||1,005,241||853,564|
|Total assets less|current liabilities||||1,386,454||1,254,097|
|Income funds||||||||
|Restricted funds|||17||294,090||513,303|
|Unrestricted
funds|||||1,092,364||740,794|
||||||1,386,454||1,254,097|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||||
|Cash flows from operating|||activities||||||
|Cash generated||from operations||21||405,685||613,803|
|Investing|activities||||||||
|Purchase|oftangible fixed assets||||(70,835)||(156,169)||
|Proceeds|on disposal oftangible fixed||||||||
|assets|||||1,000||4,482||
|Investment|income received||||1,567||1,280||
|Net cash|used|in investing|activities|||(68,268)||(150,407)|
|Net cash|used|in financing|activities||||||
|Net increase in||cash and cash equivalents||||337,417||463,396|
|Cash and|cash|equivalents|at beginning|ofyear||821,726||358,330|
|Cash and|cash|equivalents|at end of|year||1,159,143||821,726|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||6|E|
|Donations|and giRs|48,169|1,375|
|Membership|fees|290,713|128,662|
|||338,882|130,037|
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|Charitable
activitie|s|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|6|
|Grants||||598,151|1,000,055|
|Miscellaneous
income||||816|135|
|||||598,967|1,000,190|
|Analysis
by fund||||||
|Unrestdcted
funds||||175,485|135|
|Restricted
funds||||423,482|1,000,055|
|||||598,967|1,000,190|
|Grants||||||
|Welsh Government|- Funding|Allocation||158,161|100,000|
|National
Lottery Community||Fund||44,255|35,133|
|Asda||||54,129|154,922|
|Welsh Government-|EU Transition||Fund||710,000|
|Welsh Government|-Circular|Economy Fund||158,604||
|Fareshare
UK||||149,669||
|Waterloo Foundation||||33.333||
|||||598,151|1,000,055|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||8|8|
|Interest|receivable|1,567|1,280|
##
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020f|
|Net gain on disposal|oftangible fixed assets||1,000|4,482|
|Charitable
activities|||||
||||2021|2020|
|||||f|
|Staff costs|||206,286|164,592|
|Depreciation
snd impairment|||81,893|59,326|
|Hire of plant and machinery|||2,987|4,054|
|Rent and service charges|||32,573|2,407|
|Rates|||4,648|1,812|
|Light and heat|||9,212|7,353|
|Insurance|||13,035|13,141|
|Advertising
snd promotion|||2,045|989|
|Motor vehicle expenses|||29,782|17,094|
|Travel and subsistence|||558|4,423|
|Postage and stationery|||1,388|1,612|
|Telephone|||3,190|2,918|
|Staff and volunteer
training|||1,048|349|
|Volunteer expenses|||5,037|2,418|
|Repairs and renewals|||35,146|9,289|
|Waste disposal costs|||1,443|1,310|
|Food purchases
and|consultancy|fees|300,515|138,621|
||||730,786|431,708|
|Grant funding ofactivities (see note 8)|||40,000|82,500|
|Share ofsupport costs (see note 9)|||32,728|15,226|
|Share ofgovernance|costs (see|note 9)|4,545|9,144|
||||808,059|538,578|
|Analysis
by fund|||||
|Unrestricted
funds|||225,812|33,848|
|Restricted funds|||582,247|504,730|
||||808,059|538,578|
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||||2021|2020|
|---|---|---|---|---|
||||f||
|Grants to|institutions:||||
|Community|Foundation|Wales||82,500|
|Fareshare|North Wales||40,000||
||||40,000|82,500|
##
|Support co|sts|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2021|Support|Governance|2020|
|||costs|costs||costs|costs||
|||6|8||6|6|6|
|Staffcosts||10,153||10,153|9,771||9,771|
|Depreciation||8,256||8,256|1,013||1,013|
|Other costs||14,319||14,319|4,442||4,442|
|Audit fees||||||3,900|3,900|
|Accountancy|and|||||||
|bookkeeping|||1,815|1,815||5,244|5,244|
|Independent||||||||
|examination|fees||2,730|2,730||||
|||32,728|4,545|37,273|15,226|9,144|24,370|
|Analysed
between||||||||
|Charitable
activities||32,728|4,545|37,273|15,226|9,144|24,370|
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|The average
|monthly
number ofemployees
during the yea|r was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Management||||
|Administration|and project support|||
|Employment|costs|2021|2020|
|||8|E|
|Wages and salaries||192,715|157,336|
|Social security|costs|17,158|11,181|
|Other pension|costs|6,566|5,846|
|||216,439|174,363|
##
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|12|Tangible fixed assets|Tangible fixed assets||||||
|---|---|---|---|---|---|---|---|
||||Freehold|land|Fixtures and|Motor vehicles|Total|
||||and buildings
8||equipment|f||
||Cost|||||||
||At 1 April 2020||225,000||217,699|239,283|681,982|
||Additions||||70,835||70,835|
||Disposals|||||(36,975)|(36,975)|
||At 31 March 2021||225,000||288,534|202,308|715,842|
||Depreciation
and impairment|||||||
||At 1 April 2020||72,000||102,161|107,288|281,449|
||Depreciation
charged|in the year|9,000||39,281|41,874|90,155|
||Eliminated
in respect|ofdisposals||||(36,975)|(36,975)|
||At 31 March 2021||81,000||141,442|112,187|334,629|
||Carrying
amount|||||||
||At 31 March 2021||144,000||147,092|90,121|381,213|
||At 31 March 2020||153,000||115,538|131,995|400,533|
|13|Debtors|||||||
|||||||2021|2020|
||Amounts
falling due|within one year:||||f||
||Trade debtors|||||8,426|16,998|
||Prepayments
and accrued income|||||157,430|61,930|
|||||||165,856|78,928|
|14|Creditom: amounts|falling due within one year||||||
|||||||2021|2020|
|||||||6|6|
||Trade creditors|||||138,335|24,176|
||Other creditors|||||351|374|
||Accruals and deferred|income||||181,072|22,540|
|||||||319,758|47,090|
##
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##
|||2021|2020|
|---|---|---|---|
||||6|
|Arising from grants||179,032|20,500|
|||2021|2020|
|||6|6|
|Balance brought|forward|20,500||
|Income received||756,683|1,020,555|
|Income released||(598,151)|(1,000,055)|
|Balance carried|forward|179,032|20,500|
##
##
##
|The mcome funds o|fths char|ity indude|reshiv|ded
funds com|prising
the following
unexpen|prising
the following
unexpen|ded|balanc|es ofdonation|s
and grants
held on trust f|s
and grants
held on trust f|or specific p|urpos|es:|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Movement
In funds|||||Movement
in funds|||||
|||||Seleece et|Ineomlns|Aeeesree|T|f m|aslcnce Ilt|Iiiccmlne|Iteeesr es|Trnfr|Sl|ei|
|||||IApra 2010|rescclcee|expended|||IAp
12020|resources|expended|21|march 2021||
|||||5||||E|E|5|E|5||5|
|Capiml development|fund|||162,079||(9,079)|||153,000||(9,000)||144,000||
|Welsh Government|Funding|A00cslion|||100,000|(100,000)||||158,161|(158,161)||||
|Welsh Government|Circular|Economy|Fund|||||||158,604|(433)|(25,621)|132,550||
|Asda Capital Fund||||11,444|83,590|(11,617)|{63,255)||20,162|32,597|(10,274)|(34,827)||7,658|
|Asda Revenue
Fund||||5,423|71,332|(53,708)|||23,047|21,532|(43,030)|||1,549|
|National
Lottery Ccmmundies||Fund||17,487|35,133|(48,771)|||3,849|44,255|(48,104)||||
|Welsh Government|EU Trsnsdion Fund-||||||||||||||
|Ravenus|||||170,000|(93,562)|(36,851)||39,587||(39,587)||||
|Welsh Government|EU Transition Fund-||||||||||||||
|Cspilsl|||||540,000|(187,993)|(78,349)||273,658||(273,658)||||
|Waledoo Foundation||||||||||8,333||||8,333|
|||||196,433|1,000,055|(504,730)|(178,455)||513,303|423,482|{582,247)|(60,448)|294,090||
##
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|18|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||f|f|f|f|f|f|
||Fund balances at 31||||||||
||March 2021|are|||||||
||represented|by:|||||||
||Tangible assets||237,213|144,000|381,213|247,533|153,000|400,533|
||Current assets/||||||||
||(liabilities)||855,151|150,090|1,005,241|493,261|360,303|853,564|
||||1,092,364|294,090|1,386,454|740,794|513,303|1,254,097|
##
||2021f|2020f|
|---|---|---|
|Within one year|706|44,880|
|Between two and five years|1,176||
||1,882|44,880|
|Cash generated
from|operations|operations||||2021f|2020f|
|---|---|---|---|---|---|---|---|
|Surplus for the year||||||132,357|597,411|
|Adjustments
for:||||||||
|Investment
income recognised||in statement||offinancial|activities|(1,567)|(1,280)|
|Gain on disposal oftangible fixed assets||||||(1,000)|(4,482)|
|Depreciation
and impairment||oftangible|fixed assets|||90,149|60,339|
|Movements
in working|capital;|||||||
|(Increase)
in debtors||||||(86,928)|(70,821)|
|Increase
in creditors||||||272,674|32,636|
|Cash generated
from|operations|||||405,685|613,803|
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