##
##
##
##
||||||||Page|
|---|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||||the|director's|report)||
|Independent|auditor's|report to|the members|||||
|Statement|offinancial|activities|(including||income and|||
|expenditure|account)||||||13|
|Statement|offinancial|position|||||14|
|Statement|ofcash flows||||||15|
|Notes to the financial||statements|||||16|
##
##
##
##
|Reference|and adm|inistrative
|inistrative
|details|details|details||||
|---|---|---|---|---|---|---|---|---|---|
|Registered|charity|name||Diverse Excellence Cymru|||Limited|||
|Charity registration||number||1142159||||||
|Company|registration||number|7058600||||||
|Principal office and||registered||Alexandra
House||||||
|office||||3rd Floor||||||
|||||307- 315Cowbridge||Road|East|||
|||||Cardiff||||||
|||||CF5 1JD||||||
|The trustees||||||||||
|||||Ms J Jones (Francois)||||||
|||||Mr JWilliams||||||
|||||Mr BCoates||||||
|||||Ms H Dodoo||||||
|||||Ms R Gibson||||||
|||||Mr P Majithia||(Appointed||28 September|2021)|
|||||Ms L Perry||(Appointed||28July 2020)||
|||||Ms H Roberts||(Appointed||28July 2020)||
|||||Ms EAure||(Resigned||27 July 2021)||
|||||Mr A Quinn
Aziz
Ms SRees||(Resigned
(Appointed||10November
2020)
28July 2020 Resigned 27July 2021)||
|Auditor||||Jonathan
Rhodes BScBFP|||FCA|||
|||||Walter Hunter|&Co Limited|||||
|||||Chartered
accountants||& statutory||auditor||
|||||24 Bridge Street||||||
|||||Newport||||||
|||||South Wales||||||
|||||NP20 4SF||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Page|
|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating|||the|director's|report)||
|Independent
auditor's|report to|the members|||||
|Statement offinancial|activities|(including||income and|||
|expenditure
account)||||||13|
|Statement
offinancial|position|||||14|
|Statement ofcash flows||||||15|
|Notes to the financial|statements|||||16|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
|||||Note|funds
6|funds
6|Total funds
6|Total funds
f|
|Income and endowments|||||||||
|Donations
and|legacies|||5|2,556||2,556|994|
|Charitable
activities||||6||323,646|323,646|267,746|
|Other Income||||7|15847|1,250|17,097|4,542|
|Direct Payments||||7|1,095,280||1,095,280|1,043,802|
|Total income|||||1,113,683|324,896|1,438,579|1,317,084|
|Expenditure|||||||||
|Expenditure
on|charitable||activities|8,9|879,232|324,896|1,204,128|1,178,773|
|Total expenditure|||||879,232|324,896|1,204,128|1,178,773|
|Net income|||||234,451||234,451|138,311|
|Transfers
between||funds||14|75,449|(75,449)|||
|Net movement|in funds||||309,900|(75,449)|234,451|138,311|
|Reconciliation|offunds||||||||
|Total funds
brought||forward||20|425,662|75,449|501,111|362,800|
|Total funds carried||forward|||735,562||735,562|501,111|
##
##
##
##
|31 March 2021|||||||
|---|---|---|---|---|---|---|
|||||2021||2020|
||||Note|6|||
|Fixed assets|||||||
|ILS Database|||15||38,554|41,338|
|Tangible fixed assets|||16||1,867|5,448|
||||||40,421|46,786|
|Current assets|||||||
|Debtors|||17|227,867||138,554|
|Cash at bank and|in|hand||603,570||377,271|
|||||831,437||515,825|
|Creditors: amounts||falling due within one year|18|136,296||61,500|
|Net current assets|||||695,141|454,325|
|Total assets less|current liabilities||||735,562|501,111|
|Net assets|||||735,562|501,111|
|Funds ofthe chadty|||||||
|Restricted funds||||||75,449|
|Unrestricted
funds|||||735,562|425,552|
|Total charity funds|||20||735,562|501,111|
##
##
##
##
|Year ended|31 March 2|021||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||F|
|Cash flows from operating||activities||||
|Net income||||234,451|138,311|
|Adjustments
for:||||||
|Depreciation
oftangible fixed||assets||3,581|9,011|
|Amortisation
of ILS Database||||2,784|2,790|
|Interest payable|and similar charges|||9,850|8,156|
|Accrued expenses/(income)||||90,006|(13,466)|
|Changesin:||||||
|Trade and other|debtors|||(131,535)|31,876|
|Trade and other|creditors|||27,012|(12,023)|
|Cash generated|from operations|||236,149|164,655|
|Interest paid||||(9,850)|(8,156)|
|Net cash from operating
activities||||226,299|156,499|
|Net increase
in|cash and cash equivalents|||225,299|156,499|
|Cash and cash|equivalents|at beginning|ofyear|377,271|220,772|
|Cash and cash|equivalents|at end ofyear||603,570|377,271|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|required
in the event of the com
one year thereaRer.
There are 9
Donations
and legacies|pany
being wound
up whilst he or sh
members
ofthe company.|e is still a me|mber
|or within|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Funds|
||Funds
f|Funds||2021
6|
|Donations|2,556|||2,556|
||Unrestricted|Restricted|Total|Funds|
||Funds
6|Funds
f||2020|
|Donations|994|||994|
##
##
##
##
##
##
|Bridgend
County
Direct Payments.|Council|s
a|nd|Newport|City Council|to assist servic|e users
with|all aspects o|
|---|---|---|---|---|---|---|---|---|
||||||Restricted|Total Funds|Restricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||E|E||E|
|Policy Training|||||14,000|14,000|12,702|12,702|
|Policy Management|||||3,450|3,450|36,864|36,864|
|Social Care Wales|- Policy project||||6,760|6,760|||
|Creu Cymru /ACW|||||5,518|5,518|5,518|5,518|
|Cardiff &Vale University||Local||Health|||||
|Board Mental
Health Grant|||||66,597|66,597|66,597|66,597|
|Cardiff University
SLA|||||3,300|3,300|||
|Vale ofGlamorgan|||||18,041|18,041|17,515|17,515|
|Welsh Government|Section 64||||97,642|97,642|98,339|98,339|
|Welsh Government|toolkit||||8,594|8,594|9,646|9,646|
|Welsh Government|-Cultural||||||||
|Competency
Certification|||||13,508|13,508|||
|Welsh Government|- Mental||Health||||||
|Recovery Support|Fund||||16,317|16,317|||
|Wales Public Body|Equality||||||5,200|5,200|
|Natural
Resources|Wales||||1,986|1,986|||
|Swansea
University|- Equality|||and|||||
|Human
Rights Research|||||19,363|19,363|||
|WCVA- Advocacy|||||19,773|19,773|||
|HAFAL Newport - Mental||Health|||||||
|Project|||||28,797|28,797|||
|Data Cymru - SHEP|||||||10,850|10,850|
|Dementia
Friendly|Communities||||||4,515|4,515|
||||||323,646|323,646|267,746|267,746|
##
##
##
##
##
##
|7.
Other income|7.
Other income|(uonr(nues|(uonr(nues||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Direct Other|Income|Total|||
|||||Payments||||Unrestricted|Restricted
Total Funds||
|||||||||Funds|Funds
f|2020
f|
|Service user involvement
training|||||||2,695|2,695||2,695|
|Other Income|||||||633|633|1,214|1,847|
|Race Equality
Management|||||||||||
|West Wales - Direct Payments|||||932,923|||932,923||932,923|
|Newport - Direct Payments|||||38,928|||38,928||38,928|
|Bridgend - Direct Payments|||||71,951|||71,951||71,951|
|||||1,043,802|||3,328|1,047,130|1,214|1,048,344|
|8.
Expenditure
on charitable|||||activities by fund type||||||
|||||||||Unrestricted|Restricted|Total Funds|
|||||||||Funds
f|Funds
f|2021
f|
|Policy Training|||||||||7,598|7,598|
|Policy Management||||||||42,872|1,877|44,749|
|Creu Cymru|||||||||4,932|4,932|
|Cardiff and Vale University||Health|Board Mental Health||||Grant||46,291|46,291|
|Vale of Glamorgan|||||||||16,127|16,127|
|Welsh Government|Section|64|||||||79,494|79,494|
|Welsh Government|Toolkit|||||||2,400|8,594|10,994|
|Welsh Government|—Mental Health|||Recovery Support|||Fund||6,619|8,619|
|Welsh Government|Cultural|Competency||||Certification|||13,508|13,508|
|Wales Public Body|Equality||||||||||
|Data Cymru /SHEP|||||||||||
|Dementia
Friendly|Communities||||||||||
|Swansea
University|—Equality and||Human|||Rights Research|||10,500|10,500|
|Natural
Resource Wales|||||||||1,966|1,986|
|HAFAL Newport|||||||||24,225|24,225|
|EHRC PSED|||||||||||
|Training|||||||||||
|Direct Payments
-Bridgend
Direct Payments
- Newport||||||||26,760
26,725||26,760
28,725|
|Direct Payments
-West Wales||||||||359,817||359,817|
|Fundraising
and Projects|||||||||||
|Social Care Wales|||||||||3,669|3,669|
|WCVA Advocacy|||||||||17,675|17,675|
|Cardiff University|||||||||1,793|1,793|
|Supportcosts||||||||416,658|78,008|496,666|
|||||||||879,232|324,896|1,204,128|
##
##
##
##
##
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds 2020|
||||||E|6|6|
|Policy Training||||||16,484|16,484|
|Policy Management||||||34,325|34,325|
|Crau Cymru||||||5,518|5,518|
|Cardiff and Vale University||Health Board Mental||Health Grant||47,709|47,709|
|Vale of Glamorgan||||||26,077|26,077|
|Welsh Government|Section|64||||80,305|80,305|
|Welsh Government|Toolkit|||||9,646|9,646|
|Welsh Government|Mental|Health Support|Fund|||||
|Welsh Government|Cultural|Competency|Certification|||||
|Wales Public Body|Equality|||||5,200|5,200|
|Data Cymru /SHEP||||||10,850|10,850|
|Dementia
Friendly|Communities|||||4,515|4,515|
|Swansea
University|—Equality and Human||Rights Research|||||
|Natural
Resource Wales||||||||
|HAFAL Newport||||||||
|EHRC PSED||||||6,378|6,378|
|Training|||||1,981||1,981|
|Direct Payments
- Bridgend|||||45,422||45,422|
|Direct Payments
Newport|||||29,530||29,530|
|Direct Payments
-West Wales|||||528,043||528,043|
|Fundraising
and projects|||||18,934||18,934|
|Social Care Wales||||||||
|WCVA Advocacy||||||||
|Cardiff University||||||||
|Support costs|||||307,856||307,856|
||||||931,766|247,007|1,178,773|
##
##
##
##
|Expenditure
on c|haritable|a|ctivities|by activity typ|e|||
|---|---|---|---|---|---|---|---|
|||||Activities||||
|||||undertaken||Total funds|Total fund|
|||||directly
f|Support costs
F|2021
6|2020
5|
|Policy Training||||7,598|6,402|14,000|16,484|
|Policy Management||||44,749|1,573|46,322|34,325|
|Creu Cymru||||4,932|586|5,518|5,518|
|Cardiff and Vale University||Health||||||
|Board Mental
Health Grant||||46,291|21,556|67,847|47,709|
|Vale ofGlamorgan||||16,127|1,914|18,041|26,077|
|Welsh Government|Section|64||79,494|18,148|97,642|80,305|
|Welsh Governinent|Toolkit|||10,994||10,994|9,646|
|Welsh Government|—Mental||Health|||||
|Recovery Support|Fund|||8,619|7,698|16,317||
|Welsh Government|Cultural|||||||
|Competency
Certification||||13,508||13,508||
|Wales Public Body|Equality||||||5,200|
|Data Cymru ISHEP|||||||10,850|
|Dementia
Friendly|Communities||||||4,515|
|Swansea
University|—Equality||and|||||
|Human
Rights Research||||10,500|8,863|19,363||
|Natural
Resource Wales||||1,986||1,986||
|HAFAL NewPort||||24,225|4,572|28,797||
|EHRC PSED|||||||6,378|
|Training|||||||1,981|
|Direct Payments
-|Bridgend|||26,760||26,760|45,422|
|Direct Payments
Newport||||28,725||28,726|29,530|
|Direct Payments
-|West Wales|||359,817|133,246|493,063|528,043|
|Funding
& Project|Management||||||55,570|
|Social Care Wales||||3,669|3,091|6,760||
|WCVA Advocacy||||17,675|2,098|19,773||
|Cardiff University||||1,793|1,507|3,300||
|Central Costs|||||285,412|285,412|271,220|
|||||707,462|496,666|1,204,128|1,178,773|
##
##
##
##
##
##
||||2021
f|2020|
|---|---|---|---|---|
|Amortisation|of ILSdatabase||2,784|2,790|
|Depreciation|oftangible|fixed assets|3,581|9,011|
|Auditors
Remuneration|||6,258|6,072|
##
|
Auditors
Remunerati
Staff costs|
on|||||,
6,258
,
6,072|,
6,258
,
6,072|
|---|---|---|---|---|---|---|---|
|The total staff costs|and|employee||benefits for the reporting||period are analysed as follows;||
|||||||2021
f|2020
f|
|Wages and salaries||||||869,858|809,366|
|Social security costs||||||59,336|67,080|
|Employer contributions||to pension||plans||20,440|18,365|
|||||||949,634|894,811|
|The average head count ofemployees|||||during the year was|40 (2020:41).The average number of||
|full-time
equivalent|employees||during||the year is analysed|as follows:||
|||||||2021|2020|
|||||||No.|No.|
|Number
ofstaff||||||37|38|
##
##
|There
were f75,449 transfers
between
funds
during
th
unrestricted
funds (2020:r4,819).
Intangible assets|e
year
reapportioning
earlier
year|
|---|---|
||ILSDatabase
f|
|Cost||
|At 1 April 2020 and 31 March 2021|55,797|
|Amortisation||
|At 1 April 2020|14,459|
|Charge for the year|2,784|
|At 31Ilarch 2021|17,243|
|Carrying
amount||
|At 31 March 2021|38,554|
|At 31 March 2020|41,338|
##
##
##
##
##
|16.|Tangible fixed asse|ts|||||
|---|---|---|---|---|---|---|
||||Leasehold|Fixtures and|||
||||property|fittings|Equipment|Total|
||||F|5||6|
||Cost||||||
||At 1 April 2020 and|31 March 2021|5,307|14,939|89,225|109,471|
||Depreciation||||||
||At 1 April 2020||5,307|14,939|83,777|104,023|
||Charge for the year||||3,581|3,581|
||At 31 March 2021||5,307|14,939|87,358|107,604|
||Carrying
amount||||||
||At 31 March 2021||||1,867|1,867|
||At 31 March 2020||||5,448|5,448|
|17.|Debtors||||||
||||||2021|2020|
|||||||f|
||Trade debtors||||220,157|80,246|
||Prepayments
and accrued income||||7,710|58,308|
||||||227,867|138,554|
|18.|Creditors: amounts|falling due within|one year||||
||||||2021|2020
f|
||Trade creditors||||9,652|2,200|
||Accruals and deferred|income|||90,550|42,767|
||Social security and other taxes||||15,506|16,533|
||Other creditors||||20,588||
||||||136,296|61,500|
##
##
##
##
##
|Unrestri|cted
funds|||||||
|---|---|---|---|---|---|---|---|
||||At||||At 31 March|
|||1|April 2020|Income|Expenditure|Transfers|2021|
||||E|F||||
|General|funds||425,662|1,113,683|(879,232)|75,449|735,562|
||||At||||At 31 March|
|||1|April 2019
F|Income
F|Expenditure|Transfers
f|2020|
|General|funds||314,123|1,048,124|(931,766)|(4,819)|425,662|
##
##
##
|Analysis ofcharitable
f|unds
(continuedj|||||
|---|---|---|---|---|---|
|Restricted funds||||||
||At||||At 31 March|
||1 April 2020|Income
f|Expenditure
F|Transfers|2021
f|
|Welsh Government-||||||
|Section 64|37,179|97,642|(97,642)|(37,179)||
|Vale ofGlamorgan||18,041|(18,041)|||
|Cardiff University||3,300|(3,300)|||
|Creu Cymru||5,518|(5,518)|||
|Swansea
University—||||||
|Equality and Human||||||
|Rights Research||19,363|(19,363)|||
|Natural
Resource Wales||1,986|(1,986)|||
|HAFAL Newport||28,797|(28,797)|||
|Cardiff and Vale||||||
|University
Health Board||||||
|- Mental
Health Grant|38,270|67,847|(67,847)|(38,270)||
|Welsh Government—||||||
|Mental
Health Recovery||||||
|Support Fund||16,317|(16,317)|||
|WCVA - Advocacy||19,773|(19,773)|||
|Dementia
friendly||||||
|communities||||||
|Welsh Government||||||
|Toolkit||8,594|(8,594)|||
|Wales Public Body||||||
|Equality||||||
|Data Cymru||||||
|PSED (EHRC)||||||
|Policy Training||14,000|(14,000)|||
|Policy Management||3,450|(3,450)|||
|Social Care Wales||6,760|(6,760)|||
|Welsh Government||||||
|Cultural
Competency||||||
|Certification||13,508|(13,508)|||
||75,449|324,896|(324,896)|(75,449)||
##
##
##
##
|Yea|r ended 31 March 2021||||||
|---|---|---|---|---|---|---|
|20.|Analysis ofcharitable funds|(conf(need)|||||
|||At||||At 31 INarch|
||1 April 2019||Income|Expenditure|Transfers|2020|
|||6|||E||
||Welsh Government-||||||
||Section 64|19,145|98,339|(80,305)||37,179|
||Vale of Glamorgan||17,515|(26,077)|8,562||
||Social Care Wales||||||
||Cardiff University||||||
||Creu Cymru||5,518|(5,518)|||
||Swansea University—||||||
||Equality
and Human||||||
||Rights Research||||||
||Natural
Resource Wales||||||
||HAFAL Newport||||||
||Cardiff and Vale||||||
||University
Health Board||||||
||- Mental
Health Grant|19,382|66,597|(47,709)||36,270|
||Welsh Government—||||||
||Mental
Health Recovery||||||
||Support
Fund|1,204|||(1,204)||
||WCVA - Advocacy||||||
||Dementia
friendly||||||
||communities||4,515|(4,515)|||
||Welsh Government||||||
||Toolkit||9,646|(9,646)|||
||Wales Public Body||||||
||Equality||5,200|(5,200)|||
||Data Cymru||10,850|(10,850)|||
||PSED (EHRC)|6,378||(6,378)|||
||Policy Training|2,568|13,916|(16,484)|||
||Policy Management||36,864|(34,325)|(2,539)||
||Social Care Wales||||||
|||48,677|268,960|(247,007)|4,819|75,449|
##
##
##
##
##
|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2021|
||||F|6|
|ILS Database||38,554||38,554|
|Tangible|fixed assets|1,867||1,867|
|Current|assets|695,141||695,141|
|Net assets||735,562||735,562|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||8|||
|ILS Database||41,338||41,338|
|Tangible|fixed assets|5,448||5,448|
|Current|assets|378,876|75,449|454,325|
|Net assebt||425,662|75,449|501,111|
##
|22.|Funds received as|Funds received as|Funds received as|agent or|agent or|held as custodian|trustee||||
|---|---|---|---|---|---|---|---|---|---|---|
||At the year end the|||charity||held the following|amounts|as custodian|trustee
on|behalf of the|
||Managed||Payments|Scheme:|||||||
||||||||||2021|2020|
||||||||||6||
||Carmarthenshire
County||||Council||||27|1,596,350|
||Ceredigion||County
Council||||||2,760|611,511|
||Bridgend||County Council||||||671,003|467,418|
||Newport|City Council|||||||272,938|229,902|
||Pembrokeshire
County Council||||||||42|493,130|
||Other||||||||3,990|13,417|
|23.|Analysis||ofchanges|in|net debt||||||
|Analy|sis|ofch|an|ges
in|net debt||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||At|
|||||||At 1 Apr|2020|Cash flows||31 Mar 2021|
||||||||||6||
|Cash|at bank and|||in hand||377,271|||225,299|603,570|
|Operating||lease||commitments|||||||
|The total||future|minimum||lease payments|under non-cancellable|operating||leases are as follows;||
||||||||||2021|2020|
||||||||||6||
|Within|1 year||||||||35,000||
|Later|than|5years|||||||13,056|44,600|
##