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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 07628816 (England and Wales) REGISTERED CHARITY NUMBER: 1143732

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2022

For

Cymdeithas Gofal The Care Society

Cymdeithas Gofal The Care Society Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Reference and Administrative Details 3
Chairman’s Report and Executive Directors Report 4
Report to the Trustees 5-9
Report of the Independent Auditors 10-12
Statement of Financial Activities 13
Statement of Financial Position 14
Statement of Cash Flows 15
Notes to the Statement of Cash Flows 16
Notes to the Financial Statements 17-31
Detailed Statement of Financial Activities 32-33

Page 2

Cymdeithas Gofal The Care Society Reference and Administrative Details for the Year Ended 31 March 2022

TRUSTEES Anthony P Hearn – Chair John Rees - Vice Chair Catherine Shaw Peter Saunders Margaret Gallagher Stephen Cripps Ceri Williams REGISTERED OFFICE 21 Terrace Road Aberystwyth Ceredigion SY23 1NP REGISTERED COMPANY NUMBER 07628816 (England and Wales) REGISTERED CHARITY NUMBER 1143732 AUDITOR Beever and Struthers 20 Colmore Circus Queensway Birmingham B4 6AT BANKERS Unity Trust Bank PLC Nine Brindley Place Birmingham B1 2HB Executive Director Guy Hamilton Evans

Page 3

Cymdeithas Gofal The Care Society Chairman’s & Executive Director’s Reports for the Year Ended 31 March 2022

Chairman’s Report

Over the last year as Wales as started to emerge from the necessary restrictions on daily life as a result of pandemic, The Care Society has continued to reach out and provide our essential services that make such a big impact on many lives of people we work with.

This work has only been possible because of our passionate and dedicated colleagues who give so much of themselves to help make others’ lives that much better. The Board are incredibly proud and inspired by everything they do and extend our heartfelt thanks to all. They absolutely embody the ‘care’ in The Care Society.

As demand for our services has increased, there have been opportunities to grown some of our existing services and to explore new ones. This has led to another year of improved performance and greater financial stability, helping to secure the longer-term future of The Care Society.

Whilst we might be emerging from the pandemic, we have a new challenge to face in the form of the costof-living crisis. Again, this crisis will not only adversely impact the people we work with, but also our colleagues. We will do all that we can to support people through this difficult time.

I would like to thank the Board and colleagues of the wider Barcud Group for their continued support and dedication to the success of The Care Society and express my thanks to the Leadership Team for the support they provide to the Board whilst carrying their roles with compassion and determination.

A P Hearn Chair

Executive Director’s Report

While COVID has still not disappeared from our lives and working practices, the impact seen in previous years has lessened. Despite this, towards the end of 2021-2022 it became evident that more challenges were just around the corner, most notably the cost of living crisis.

While the majority of our service users were able to stay safe to avoid COVID infections, there was no way they could escape the oncoming, spiralling effects of rising fuel and food prices on their limited incomes. They are now being hit hard in the pocket and, consequently, demand for our services has never been higher. It is evident that in such unprecedented times of need, the Care Society must deliver. This will be evidenced by The Care Society’s Impact Assessment Report which will be available to download from The Care Society Website – https://caresociety.org.uk

Throughout 2021-2022, mental health presentations hit an all-time high and with no adequate long term financial relief in sight, our staff worked diligently to prepare the way for our worried service users, trying to ease the impending and increasing burden on them. Our dedicated ‘key worker’ staff continue to rise to each new unparalleled challenge that presents itself. They deserve nothing but the utmost praise and thanks for always ‘going the extra mile’ and the selfless and often emotionally exhausting work that they do, day in day out.

Against this backdrop it is reassuring that the Care Society’s financial stability and reputation has strengthened over the period of this report offering an opportunity to broaden our reach to assist more people. The Care Society continues to show resilience and commitment in the face of uncertainty, and I would like to express my gratitude to Barcud, our parent body, for their continued support together with Ceredigion County Council, the Welsh Government, Dyfed Powys Police and partner agencies.

G Evans Executive Director

Page 4

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2022

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report together with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The objectives and aims of the charity are:

To promote Social Inclusion for the public benefit by preventing people from becoming socially excluded by reason of homelessness, being at risk of losing their home, living in inadequate accommodation or unsettled circumstances in Ceredigion and surrounding counties by;

Public benefit

Our main activities and the people we try to help are described below. All our charitable activities further our Charity’s objectives having regard to Charity Commission guidance and the public benefit. The impact of our work goes far beyond the people we help directly and has a positive impact on building stronger communities, improved health and wellbeing, crime reduction, employment and training in rural Mid-Wales. However, the main focus of charity activities is on providing advice, and accommodation and providing support to help maintain tenancies and help people live fulfilled lives.

Through working in conjunction with the local authority, Registered Social Landlords and other key agencies, we have continued to develop our services to meet our objectives and to meet the needs of the people we support.

These objectives are delivered though the provision of the following services:

Page 5

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

2021/2022 has been an extremely busy year for Cymdeithas Gofal The Care Society and charitable activity has continued to focus on meeting challenges. During the period of this report this is evidenced by –

During the period of this report, additional support for vulnerable individuals in response to the Covid 19 included

FINANCIAL REVIEW

Principal funding sources

The principal income generated by the Charity is currently through grant income, contract income from Ceredigion County Council and partner agencies, together with self-generated income from management fees, rents receivable and shop income.

Investment policy and objectives

The Charity has no investment powers except to place any surplus income into deposit accounts. Having considered the options available, the Trustees have decided to ensure reserves are available to meet the working capital requirements of the Charity.

Page 6

Cymdeithas Gofal The Care Society Report of the Trustees

for the Year Ended 31 March 2022

Reserves policy

The Trustees have reviewed the requirement for reserves in view of continued reduction in public funding and other risks to the organisation.

The Trustees have agreed to establish a level of reserves equal to six months’ running costs. Budgeted expenditure for 2022/23 is £1.56 million, therefore the target reserves are £780,000. The long-term strategy of the Charity is to build reserves through delivering planned operating surpluses. In the short term, the Charity has explored all possibilities to reduce expenditure, including activities that could be curtailed should circumstance require, and also the level of unrestricted funds committed to fixed assets held by the charity.

Results:

The Statement of Financial Activities shows a net surplus from ordinary activities for the year of £130,514 (2021 surplus of £246,817), and reserves now stand at £964,157 (2021 £727,741). During the year there was property revaluations of £106,262.

The Charity’s funds have all been applied in accordance with its objectives and the Charity’s assets are all being maintained in the furtherance of these objectives.

FUTURE PLANS

With the continued uncertainty surrounding the current socio-economic climate, now more than ever Cymdeithas Gofal The Care Society needs to plan ahead and deliver services flexibly. Cymdeithas Gofal The Care Society has proved itself to be innovative and resilient in the face of significant challenges and continues to explore ways we can expand our operations to meet identified need. At the same time we are looking at consolidating the work we currently do in view of constant and increasing demand.

In relation to our staff, we will continue to listen to what they have to say and shall work towards implementing the recommendations arising from the January 2022 staff questionnaire responses.

Future Plans include:

Page 7

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2022

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.

Recruitment and appointment of new trustees

The Care Society has a competency-based performance management policy and procedure for recruitment of all personnel, which is used to set performance expectations, objectives and goals, monitor progress and measure performance against the objectives of the Charity.

Recruitment of Trustees is reviewed by the Board, with the view to ensuring the needs of the Board are appropriately reflected through the diversity of the Trustee body. All prospective Trustees are requested to complete application forms before selection.

All new Trustees are supplied with a comprehensive induction pack which details:

Finances and Finance Policy

Health and Safety Policies & Procedures;

Organisational Structure

From April 2018, Cymdeithas Gofal The Care Society became a subsidiary of Tai Ceredigion in a group structure. In November 2020, Tai Ceredigion merged with Mid Wales Housing, forming Barcud. The governance of the structure is bound by the intra-group agreement between the Barcud and Cymdeithas Gofal The Care Society. The Charity is managed by the Trustees who meet quarterly. The day-to-day responsibility for the provision of services is delegated to the Executive Director, Guy Hamilton Evans, who reports to the Trustees at regular meetings.

Key management remuneration

The Trustees review the pay and remuneration of all the Charity’s personnel on an annual basis. The Care Society’s remuneration policy principles are as follows:

1. To ensure that the aims and objectives of the Charity are being met.

2. To be able to attract and also retain staff who have the necessary skills and experience in their specific roles to ensure that the organisation is able to run efficiently.

3. The remuneration policy is fair and consistent across the organisation.

Any pay increases need to be appropriate for the type of role within the organisation and agreed by Trustees.

Page 8

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2022

Risk management

The Trustees have reviewed the major risks faced by the Charity and have ensured appropriate systems and procedures have been established to mitigate their impact. The Charity has invested significantly in both the training of staff and numerous quality assurance mechanisms, including:

Internal control risks are minimised by the implementation of robust Group Financial Regulations and established procedures for authorisation of all transactions.

The Care Society has developed a Risk Map identifying the changes in internal and external factors that may affect the likelihood of a significant risk impacting the organisation. The risk mapping process is fully embedded within business planning and operational arrangements and is complemented by a risk register. Each risk is assessed as to its ‘impact’ and ‘likelihood’ on a scale of 1 -5. The original risk is scored on the assumption that there are no current controls to manage it; this is a starting point to enable the identification of risks which have potentially high exposure levels for the business and is called an unmitigated risk.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also Directors of Cymdeithas Gofal The Care Society for the purposes of Company Law) are responsible for preparing 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, of the incoming resources and application of resources. This includes the income and expenditure of the charitable company for that period. In preparing those financial statements, the trustees are required to:

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:

Approved by order of the Board of Trustees on 26th July 2022 and signed on its behalf by:

A P Hearn - Chair

Page 9

Report of the Independent Auditors to the Members of Cymdeithas Gofal The Care Society

Opinion

We have audited the financial statements of Cymdeithas Gofal The Care Society (“the charity”) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including 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) including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity’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 auditor’s report thereon. Our opinion on the financial statements does not cover the other information and 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Page 10

Report of the Independent Auditors to the Members of

Cymdeithas Gofal The Care Society

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees 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 charity’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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s 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 an auditor’s report 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.

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 auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

Page 11

Report of the Independent Auditors to the Members of

Cymdeithas Gofal The Care Society

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or noncompliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

Use of the audit report

This report is made solely to the charity’s members as a body in accordance with Section 3 of Part 16 or the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s 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 charity and the charity’ trustees as a body for our audit work, for this report, or for the opinions we have formed

Lee Cartwright (senior statutory auditor) For and on behalf of Beever and Struthers, statutory auditor 20 Colmore Circus Queensway Birmingham B4 6AT

Date 16 September 2022

Page 12

Cymdeithas Gofal The Care Society Statement of Financial Activities

(Incorporating Income and Expenditure Account) for the Year Ended 31 March 2022

Unrestricted Restricted 31.3.22 31.3.21
fund funds Total Total
Funds Funds
Notes £ £ £ £
INCOME AND ENDOWMENTS
Donations and legacies 2 8,342 - 8,342 13,305
Charitable Activities
Promotion of social inclusion 5 972,439 390,971 1,363,410 1,212,167
Other trading activities 3 93,307 - 93,307 42,967
Investment income 4 30 - 30 54
Other Income 6 36,656 - 36,656 88,365
`
Total 1,110,774 390,971 1,501,745 1,356,858
EXPENDITURE ON
Raising funds 7 61,656 - 61,656 62,366
Charitable activities
Promotion of social inclusion 8 896,148 413,787 1,309,935 1,047,675
Total 957,804 413,787 1,371,591 1,110,041
NET INCOME/(EXPENDITURE) 152,970 (22,816) 130,514 246,817
EXCEPTIONAL ITEM 14 106,262 - 106,262 -
INCOME/(EXPENDITURE) 259,232 (22,816) 236,417 246,817
TRANSFER BETWEEN FUNDS 22 (22,158) 22,158 - -
Total funds brought forward 669,766 57,976 727,742 480,925
TOTAL FUNDS CARRIED 906,840 57,317 964,157 727,742
FORWARD

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 13

Cymdeithas Gofal The Care Society Statement of Financial Position As at 31 March 2022

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
22
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.22
£
511,226
511,226
495,243
534,639
1,029,882
(306,532)
723,350
1,234,575
(270,419)
964,157
906,840
57,317
964,157		 31.3.21
£
418,266
418,266
344,478
446,247
790,725
(196,122)
594,603
1,102,869
(285,128)
727,742
669,766
57,976
727,742

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the Board of Trustees on 26th July 2022 and were signed on its behalf by:

A P Hearn – Chair

Registered number : 07628816

The notes form part of these financial statements

Page 14

Cymdeithas Gofal The Care Society Statement of Cash Flows

For the Year Ended 31 March 2022

Notes
Cash flows from operating activities:
Cash generated from operations
1
Interest paid
Net cash provided by/(used in) operating
activities:
Cash flows from investing activities:
Purchase of tangible fixed assets
Property Revaluation
Interest received
Net cash provided by/(used in) investing
activities:
Cash flows from financing activities:
Loan repayments in year
Intercompany loan
Net cash provided by/(used in) financing
activities:
Change in cash and cash equivalents in
the reporting year
Cash and cash equivalents at the
beginning of the year
Cash and cash equivalents at the end of
the year		 31.3.22
£
216,455
(10,847)
205,608
-
(106,263)
30
(106,233)
(10,984)
-
(10,984)
88,392
446,247
534,639		 31.3.21
£
304,102
(11,276)
292,826
(1,137)
-
54
(1,083)
(10,555)
-
(10,555)
281,057
165,190
446,247

The notes form part of these financial statements

Page 15

Cymdeithas Gofal The Care Society Notes to the Statement of Cash Flows For the Year Ended 31 March 2022

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting year (as per the statement of
financial activities)
Adjustments for:
Depreciation charges
Amortisation of intangible assets
Interest received
Interest paid
(Increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities		 31.3.22
£
236,416
13,302
(3,266)
(30)
10,847
(150,765)
109,951
216,455		 31.3.21
£
246,817
21,977
(3,269)
(54)
11,276
15,521
12,834
304,102

Page 16

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

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 2015)', 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 which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the funds 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.

Governance costs

Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property & shop frontage - Straight line over 50 years Motor vehicles – Straight line over 5 years Fixtures and fittings – Straight line over 5 years Computer equipment – Straight line over 5 years

No depreciation is provided on freehold land.

Taxation

Corporation tax

The charity is exempt from corporation tax on its charitable activities.

VAT

All income is shown net of VAT and expenditure is shown inclusive of irrecoverable VAT.

Page 17

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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.

Capital Grants

Capital grants are recognised using the accrual model and are classified either as a grant relating to revenue or a grant relating to assets. Grants relating to revenue are recognised in income on a systematic basis over the period in which related costs for which the grant is intended to compensate are recognised.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Page 18

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

2. DONATIONS AND LEGACIES
Donations
3. OTHER TRADING ACTIVITIES
Shop income
Shop Mobility rental income
4. INVESTMENT INCOME
Deposit account interest
5. INCOME FROM CHARITABLE ACTIVITIES
Activity
Rents receivable
Promotion of social
inclusion
Management fees
Promotion of social
inclusion
CCC – Managed Emergency
Accommodation
Promotion of social
inclusion
Befriending income
Promotion of social
inclusion
Credit Card income
Promotion of social
inclusion
Service Level Agreement Income
Promotion of social
inclusion
IOM
Promotion of social
inclusion
Miscellaneous Income
Promotion of social
inclusion
Grants received
Promotion of social
inclusion
TOTAL		 31.3.22
£
8,342
31.3.22
£
85,371
7,936
93,307
31.3.22
£
30
31.3.22
£
118,896
36,377
28,080
329,514
813
-
2,043
590
847,097		 31.3.21
£
13,305
31.3.21
£
40,870
2,097
42,967
31.3.21
£
54
31.3.21
£
120,974
36,969
28,080
286,803
222
1,517
-
737,602
1,363,410 1,212,167

Page 19

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

5. INCOME FROM CHARITABLE ACTIVITIES - continued

Grants received, included in the above, are as follows

Welsh Government - S180 Bond Scheme
Welsh Government - S180 Night Shelter Funding
Welsh Government - S180 Accommodation Officer
Welsh Government - Innovation funding
Wardening
Tai Ceredigion
Mid Wales Housing
Barcud
Jasper House
Ceredigion County Council
Supporting People
Young Persons Project
Innovation Project
Aberglassney Night
Shelter
STEP Project
Mid & West Wales Fire Rescue
Garfield Weston - Shop Mobility
WCVA grant
Other Grants
TOTAL		 31.3.22
31.3.21
£
£
41,683
40,294
162,092
144,337
39,178
37,543
65,000
58,923
-
8,419
-
1,706
29,889
14,649
47,706
54,117
333,052
297,819
34,462
32,285
-
8,000
-
9,848
80,975
-
1,245
828
-
10,000
-
11,586
11,815
7,249
847,097
737,602

Page 20

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

6. OTHER INCOME

ER INCOME
Furlough Income
Covid-19 Grants
Residual Input Tax
Amortisation		 31.3.22
£
1,386
26,741
5,263
3,266
36,656		 31.3.21
£
12,471
70,000
2,625
3,269
88,365

7. RAISING FUNDS

Other Trading Activities
Staff costs
Other operating leases
Insurance
Subscription
Sundries
Utilities
Postage, stationery, advertising & telephone
Travel & subsistence
Repairs & maintenance of equipment
Depreciation
Support costs		 31.3.22
£
34,972
15,588
499
618
126
288
1,785
513
1,599
-
5,669
**61,657 **		 31.3.21
£
35,242
14,891
657
276
220
4,963
487
6
2,071
342
3,211
62,366

8. CHARITABLE ACTIVITIES COSTS

Direct costs Support
(see note 9) costs Totals
(see note 10)
£ £ £
Promotion of social inclusion 1,235,305 74,631 1,309,936

Page 21

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Hire of plant and machinery
Insurance
Light & heat
Telephone
Postage & stationery
PR, marketing & promotions
Sundries
Resettlement expenditure
IT, licenses & internet
Travel & subsistence
Grant expenditure
Legal & professional
Bank charges
Bad debts
Cleaning
Recruitment & training
Sub-contractors
Van costs
Depreciation
Interest payable and similar charges		 31.3.22
£
900,010
446
11,839
24,205
19,285
1,412
176
4,614
130,533
13,051
56,162
-
12,372
5,017
6,372
3,384
7,170
13,117
1,990
13,302
10,847
1,235,304		 31.3.21
£
685,553
5,297
7,645
17,432
16,924
1,971
225
1,105
122,248
14,192
28,935
850
9,261
1,563
2,771
3,407
850
17,639
2,514
21,636
11,276
973,291

Page 22

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

10. SUPPORT COSTS

Other trading activities
Promotion of social inclusion
Activity
Basis of allocation
Management
Staff costs
Governance costs
Staff costs		 Management
£
5,327
70,307
75,634		 Governance
Costs
£
342
4,324
4,666		 Totals
£
5,669
74,631
80,300

Support costs, included in the above, are as follows

Management
Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.22
£
Staff Costs
-
-
-
Other
-
-
-
SLA Expenditure
5,327
70,307
75,634
5,327
70,307
75,634
Governance
Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.22
£
Auditors
remuneration
342
4,324
4,666
Cost of Trustee
Meetings
-
-
-
342
4,324
4,667
T INCOME/(EXPENDITURE)
et income/(expenditure) is stated after charging/(crediting)
Auditor remuneration
Depreciation
Hire of plant and machinery
Other operating leases		 Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.21
£
-
4,523
4,523
-
37
37
3,151
63,480
66,631		 Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.21
£
-
4,523
4,523
-
37
37
3,151
63,480
66,631
3,151
68,040
71,190
Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.21
£
60
6,344
6,404
-
-
-
60
6,344
6,404
31.3.22
£
4,667
13,303
446
17,444		 31.3.21
£
6,000
21,977
5,943
35,845

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting)

Page 23

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

12. TRUSTEES’ REMUNERATION AND BENEFITS

No trustee remuneration or expenses were paid in the year (2021: £NIL)

13. STAFF COSTS

Wages and salaries
Social Security costs
Other pension costs		 31.3.22
£
860,179
61,385
12,923
934,487		 31.3.21
£
666,674
48,686
10,809
726,169

The average monthly number of employees expressed as full time equivalents:

Charitable activities
Administration		 31.3.22
37
3
40		 31.3.21
29
4
33

No employees received emoluments in excess of £60,000.

Page 24

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

14. TANGIBLE FIXED ASSETS

Freehold
Property
£		 Improvements
to property
£		 Fixture &
Fittings
£		 IT Equipment
£		 Motor
Vehicles
£		 Total £
COST
At 31st March 2021 498,602 63,532 15,241 16,101 2,875 596,351
Additions - - - - - -
Disposals - - - - - -
Revaluation (43,602) - - - - (43,602)
At 31st March 2022 455,000 63,532 15,241 16,101 2,875 552,750
DEPRECIATION
At 31st March 2021 142,752 14,668 7,361 11,554 1,751 178,086
Charge for the year 7,113 1,271 2,203 2,141 575 13,303
Disposals - - - - - -
Revaluation (149,865) - - - - (149,865)
At 31st March 2022 - 15,939 9,564 13,695 2,326 41,524
NET BOOK VALUE
At 31st March 2022 455,000 47,593 5,677 2,406 549 511,225
At 31st March 2021 355,850 48,865 7,881 4,547 1,124 418,266
Included in cost of land and buildings is freehold land of £143,000 (2020 - £143,000) which is not depreciated.

Page 25

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Gross rent arrears
Provision for bad debt
Net rent arrears
Amount owed by group undertakings
Prepayments, accrued income and other debtors		 31.3.22
£
53,824
(11,276)
42,548
9,522
443,173
495,243		 31.3.21
£
46,394
(8,137)
38,257
7,081
299,139
344,478

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 18)
Trade creditors
Social security and other taxes
Capital grants deferred income
Other creditors
Accruals and deferred income		 31.3.22
£
11,442
55,968
16,715
3,266
124,621
94,519
306,531		 31.3.21
£
10,996
78,154
18,553
3,254
58,115
27,050
196,122

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans (see note 18)
Capital grant deferred income		 31.3.22
£
255,230
15,189
270,419		 31.3.21
£
266,660
18,468
285,128

Page 26

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

18. LOANS

An analysis of the maturity of loans is given below: 31.3.22 31.3.21
£ £
Amounts falling due within one year on demand:
Bank loans 11,442 10,996
Amounts falling between one and two years:
Bank loans 1-2 years 11,907 11,443
Amounts falling between two and five years:
Bank loans 2-5 years 38,753 37,247
Amounts falling in more than five years:
Bank loans more 5 yrs by install 204,570 217,970

19. LEASING ARRANGEMENTS

Minimum lease payments under operating leases fall due as follows:

Within one year
Between two and five years
More than 5 years		 31.3.22
Property
£
31.3.21
Property
£
42,800
54,800
171,200
95,406
85,600
36,000
299,600
186,206

20. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£ £
Bank loans 266,672 277,656

The bank loan is secured by way of a first legal charge over the freehold property known as 26 Cambrian Street, Aberystwyth and 21 Terrace Road, Aberystwyth.

Page 27

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Current assets
Current liabilities
Long-term liabilities		 Unrestricted
fund
£
511,226
972,565
(295,089)
(281,861)
906,841		 Restricted
fund
£
-
57,317
-
-
57,317		 31.3.22
Total
Funds
£
511,226
1,029,882
(295,089)
(281,861)
964,157		 31.3.21
Total
Funds
£
418,266
790,725
(196,122)
(285,128)
727,741

22. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Revaluation Reserve
Restricted funds
Welsh Government –
S180 Bond Scheme
Welsh Government –
S180 Accommodation Officer
Welsh Government –
S180 Rooflessness
Welsh Government –
Innovation funding
IOM
STEP
Transition funding
Shop mobility
TOTAL FUNDS		 At 01.04.21
Net
movement
in funds
Transfers
between
funds
£
£
£
669,766
152,970
(22,158)
-
106,262
36,004
(657)
-
-
1,857
(1,857)
-
(10,102)
10,102
-
(9,277)
9,277
-
(146)
146
-
(4,490)
4,490
3,942
-
-
18,030
-
-
57,318
(22,816)
-		 At 31.3.22
£
800,578
106,262
906,840
35,346
-
-
-
-
-
3,942
18,030
57,318
727,741
236,416
-		 964,158

Page 28

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

Note 22 MOVEMENT IN FUNDS Continued

Net movement in funds, included in the above are as follows:

Net movement in funds, included in the above are
as follows:
Incoming Resources Movement
Resources expended in funds
£ £ £
Unrestricted funds
General fund 1,217,036 957,804 259,232
Restricted funds
Welsh Government - S180 Bond Scheme 41,683 42,340 (657)
Welsh Government - S180 Accommodation Officer 39,178 37,321 1,857
Welsh Government - S180 Night Shelter 162,092 172,194 (10,102)
Welsh Government - Innovation funding 65,000 74,277 (9,277)
IOM 2,043 2,190 (146)
STEP 80,975 85,465 (4,490)
390,971 413,787 (22,816)
TOTAL FUNDS 1,608,008 1,371,591 236,416

General funds – are available for use at the Trustees’ discretion in furtherance of the objectives of the Charity.

Restricted accounts are as follows:

Grants have been received under S180 of the Housing Act 1996 or Section 126 of the Housing Grants Construction and Regeneration Act 1966 from the Welsh Government for specific projects. These grants are as follows:

S180 Bond Scheme – The Bond Scheme enables people on low incomes to move into their own private accommodation. Thus people, who are homeless or facing homelessness, are assisted into finding safe, affordable and sustainable rented accommodation facilitated through the provision of a bond guarantee.

S180 Accommodation Officer – The principal objective of the ‘Accommodation Officer Scheme’ is to alleviate homelessness in Ceredigion through meeting the increased demand for suitable and affordable private rented accommodation. To this end the scheme works with the Welsh Government, the Local Authority and regional private landlords to promote good practice, improve property standards and meet the shortfall from the existing private rented sector, registered social housing and statutory housing provision.

Page 29

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

Note 22 Continued

S180 Night Shelter – Rooflessness & Resettlement Initiative

The overall aim of this project is to reduce homelessness and repeat homelessness in Ceredigion and rural mid-Wales through the provision of safe accommodation for ‘rough sleepers’ and homeless people. The project also aims to achieve positive resettlement outcomes and prevent social exclusion through engagement with service users and by providing support, access to the Accommodation Officer and Bond Schemes, client activities, housing advice, welfare, finance and benefits advice, partnership working and signposting to specialist agencies.

Innovation funding - In 2019/2020 Cymdeithas Gofal The Care Society successfully secured Welsh Government Innovation Grant Funding to provide a psychologically–and-trauma informed accommodation and support service specifically for people up to the age of 25. With this grant income Cymdeithas Gofal The Care Society have established an innovative Housing First for Youth Project based in Aberystwyth from premises provided by Tai Ceredigion. This project has been designed to address the needs of developing young adults by providing them with immediate access to housing that is safe, affordable and appropriate, with the necessary and age-appropriate support that focuses on health, well-being, life skills, engagement in education and employment, and social inclusion. The goal of this project is not simply to provide housing stability, but to support young people as youth and facilitate a healthy transition to adulthood.

IOM - In conjunction with Dyfed Powys Police and Barcud Housing Association, The Care Society have successfully provided Housing Management and support for a Pilot Project providing Temporary Emergency Accommodation units for placement of service users referred by Dyfed Powys Police.

Shop Mobility Scheme – To provide the effective delivery of the Shop Mobility project, including staff training, acquisition of suitable mobility equipment, safe storage of such equipment in an appropriate central location in Aberystwyth and delivery to where the equipment is needed. Use of the equipment should be charged on a fair and reasonable basis and effective promotion of the scheme is also required.

Transition funding – Funded by Ceredigion County Council, Transition funding was provided for the use of the annual Rough Sleeper Count.

STEP - Successful delivery of a Supported Training and Employment Programme (STEP) in Lampeter providing access to training and work placements for up to 95 individuals economically inactive and over the age of 25

Page 30

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2022

23. RELATED PARTY TRANSACTIONS

As of 1[st] April 2018, The Care Society entered a voluntary merger with Tai Ceredigion housing association and became a subsidiary of the association. Any transactions made between The Care Society and Barcud are made at arm’s length on a commercial basis.

In November 2021, Tai Ceredigion merged with Mid Wales Housing to form Barcud Housing Association.

Purchases from related Parties

During 2021/22 the detail of invoices from and payments made to Barcud were as follows:

Barcud Invoiced Outstanding
Total Invoices £163,833.38 £21,114.73

The Care Society is a tenant of Barcud, in one property, Yr Albion. During the financial year 2021/22, rent paid by The Care Society was £4,951.96.

Income from Related Parties

The Care Society provided Barcud with Wardening services.

In addition, The Care Society claims back PESM from its parent company.

Invoiced Outstanding
Barcud Wardening Services 29,888.59 £7,686.21
PESM £3,963.26 £1,524.60

Page 31

Cymdeithas Gofal The Care Society Detailed Statement of Financial Activities For the Year Ended 31 March 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Shop income
Shop Mobility rental income
Proceeds from Sale
Misc income
Investment income
Deposit account interest
Other income
Furlough income
Covid-19 Grants
Residual input tax
Amortisation
Charitable activities
Rents receivable
Management fees
CCC – Managed Emergency Accommodation
Befriending Income
Credit card income
IOM
Misc income
Grants
Total incoming resources
EXPENDITURE
Other trading activities
Staff costs
Insurance
Other operating leases
Subscription
Sundries
Utilities
Postage, stationery, advertising & telephone
Travel & subsistence
Repairs & maintenance of equipment
Depreciation of tangible fixed assets		 31.3.22
£
8,342
85,371
7,936
-
-
93,307
30
1,386
26,741
5,263
3,266
36,656
118,896
36,377
28,080
329,515
812
2,043
590
847,097
1,363,4008
1,501,743
34,972
499
15,588
618
126
288
1,785
513
1,599
0
55,988		 31.3.21
£
12,960
40,870
2,097
-
-
42,967
54
12,471
70,000
2,625
3,269
88,365
120,974
36,969
28,080
286,803
223
-
1,517
7367,602
1,212,167
1,356,858
35,242
657
14,891
276
220
4,963
487
6
2,071
342
59,156

This page does not form part of the financial statements

Page 32

Cymdeithas Gofal The Care Society Detailed Statement of Financial Activities For the Year Ended 31 March 2022

Charitable activities
Staff Costs
Hire of plant and machinery
Insurance
Light and heat
Telephone
Postage and stationery
PR, marketing & promotions
Sundries
Resettlement expenditure
IT, licenses & internet
Travel & subsistence
Grant expenditure
Legal & professional
Bank charges
Bad debts
Cleaning
Recruitment & training
Sub-contractors
Van costs
Depreciation of tangible assets
Bank loan interest
Support costs
Management
Staff Costs
Other
SLA Expenditure
Governance costs
Auditors’ remuneration
Cost of Trustee meetings
Total resources expended
Exceptional Item
Net expenditure		 31.3.22
£
900,008
446
11,839
24,205
19,285
1,412
176
4,614
130,533
13,051
56,162
-
12,372
5,017
6,372
3,384
7,170
13,117
1,990
13,302
10,847
1,235,302
-
-
75,634
75,634
4,667
-
4,667
1,315,603
106,262
236,414		 31.3.21
£
685,553
5,297
7,645
17,432
16,924
1,971
225
1,105
122,248
14,192
28,935
850
9,261
1,563
2,771
3,407
850
17,639
2,514
21,636
11,276
973,291
4,523
37
**66,631 **
71,190
6,404
-
6,404
1,110,041
-
246,817

This page does not form part of the financial statements

Page 33