## ## |||Page| |---|---|---| |Trustees report||1-11| |Statement oftrustees|responsibilities|12| |Independent
auditor's|report|13-16| |Statement offinancial|activities|17| |Balance sheet||18-19| |Statement ofcash flows||20| |Notes to the financial|statements|21-35| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## |Reference|Reference|and administrative|and administrative|details|||| |---|---|---|---|---|---|---|---| |Charity|name||||Galen DVS||| |Charity|number||||1146056||| |Company||number|||07892902||| |Registered||office|||Market Chambers||| ||||||Suite 2a &b||| ||||||The Parade||| ||||||Neath||| ||||||Wales||| ||||||SA11 1PU||| |Trustees|||||Shakira Joyner (Chair)||| ||||||Gwilym
Roberts - resigned||01/10/2020| ||||||Jen Lawton||| ||||||Damian
Williams||| ||||||Donna Watson||| ||||||Maria Thomas - resigned||20/02/2021| ||||||Owain Jones - appointed||20/02/2021| ||||||Sian Jones - appointed|20/02/2021|| |Key management|||personnel||Michelle Whelan - CEO||| |Auditors|||||Azets Audit Services||| ||||||Ty Derw Lime Tree Court||| ||||||Cardiff Gate Business Park||| ||||||Cardiff||| ||||||CF23 SAB||| |Principal||bankers|||CAF Bank Ltd||| ||||||25 Kings Hill Avenue||| ||||||West Mailing||| ||||||Kent||| ||||||ME194JQ||| |Solicitors|||||Geldards
LLP||| ||||||4 Capital Quarter||| ||||||Tyndall Street||| ||||||CF104BZ||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2021|2021|2021|2020|2020|2020| |||Notes||8|6|6|6|8| |Income from:||||||||| |Donations
and legacies||3|1,698|13,529|15,227|6,536||6,536| |Charitable
activities||4|1,954,710|378,770|2,333,480|1,884,428|151,400|2,035,828| |Other trading
activities||5|18,400||18,400|9,425||9,425| |Investments||6|1,058||1,058|1,531||1,531| |Total income|||1,975,866|392,299|2,368,165|1,901,920|151,400|2,053,320| |EXagmutgQL90;||||||||| |Charitable
activities||7|1,741,782|304,683|2,046,465|1,770,209|176,230|1,946,439| |Net incoming||||||||| |resources before||||||||| |transfers|||234,084|87,616|321,700|131,711|(24,830)|106,881| |Gross transfers||||||||| |between
funds|||23,187|(23,187)||(3,208)|3,208|| |Net income for|the yearl|||||||| |Net movement|in funds||257,271|64,429|321,700|128,503|(21,622)|106,881| |Fund balances at 1||||||||| |April 2020|||1,023,811|398,840|1,422,651|895,308|420,462|1,315,770| |Fund balances|at 31|||||||| |Nlarch 2021|||1,281,082|463,269|1,744,351|1,023,811|398,840|1,422,651| ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes|f||f|| |Fixed assets|||||||| |Tangible assets|||||658,598||643,176| |Current assets|||||||| |Debtors|||12|250,882||301,944|| |Cash at bank and in|hand|||1,168,324||730,831|| |||||1,419,206||1,032,775|| |Creditors: amounts|falling|due within|||||| |one year|||13|(333,453)||(253,300)|| |Nst current assets|||||1,085,753||779,475| |Total assets less current||liabilities|||1,744,351||1,422,651| |Income funds|||||||| |Restricted funds|||15||463,269||398,840| |llgtgatrictadf unde|||||||| |Designated
funds|||16|501,264|||| |General
unrestricted|funds|||779,818||1,023,811|| ||||||1,281,082||1,023,811| ||||||1,744,351||1,422,651| ## ## ||||||2021||2020|| |---|---|---|---|---|---|---|---|---| |||||Notes|6||f|| |Cash flows from operating|||activities|||||| |Cash generated||from/(absorbed
by)||20||||| |operations||||||475,074||(45,765)| |Investing|activities|||||||| |Purchase|oftangible
fixed assets||||(38,639)||(8,734)|| |Investment|income received||||1,058||1,531|| |Net cash|used|in investing|activities|||(37,581)||(7,203)| |Net cash|used|in financing|activities|||||| |Net increasel(decrease)
in|||cash and|cash||||| |equivalents||||||437,493||(52,968)| |Cash and|cash|equivalents|at beginning|ofyear||730,831||783,799| |Cash and|cash|equivalents|at end ofyear|||1,168,324||730,831| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2021|2020f| |---|---|---|---|---| |Rents receivable|||620,830|623,260| |Tenant charges|||19,329|20,761| |Grants|||1,621,406|1,386,889| |Other income|||71,915|4,918| ||||2,333,480|2,035,828| |Analysis
by fund||||| |Unrestricted
funds|||1,954,710|1,884,428| |Restricted funds|||378,770|151,400| ||||2,333,480|2,035,828| |Grants||||| |Big Lottery Fund|||89,215|99,020| |Ar Trac|||107,348|| |Neath Port Talbot|Borough Council|||6,850| |Moondance
Foundation|||18,190|| |Housing
Support Grant|||1,242,636|1,228,639| |Carmarthenshire|Domestic Abuse Service||21,645|14,417| |Children
in Need|||21,127|| |Active Inclusion||||19,470| |Tampon Tax Fund||||14,631| |IRIS project|||26,787|3,862| |Welsh Government-||Well Being Hub|37,736|| |Comic Relief|||25,000|| |Welsh Government|||7,916|| |Powys County Borough Council - Phase 2 Resiliance|||23,806|| ||||1,621,406|1,386,889| ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2021f|2020
f| |18,400|9,425| ## ## ## |6|Investments||||| |---|---|---|---|---|---| |||||Unrestricted|Unrestricted| |||||funds|funds| |||||2021|2020| |||||F|F| ||Interest receivable|||1,058|1,531| |7|Charitable
activities||||| |||||2021|2020| |||||8|6| ||Staffcosts|||1,247,526|1,288,063| ||Depreciation|and impairment||23,217|20,170| ||Client support|and expenses||44,936|9,018| ||Gas and electdcity|||51,318|42,075| ||Insurance|||17,907|15,667| ||ITmaintenance
and support|||48,956|44,152| ||Maintenance|and repairs||74,846|57,774| ||Printing,
post|and stationary||11,634|11,876| ||Professional|fees||41,812|42,477| ||Publicity and|marketing||7,916|1,510| ||Other staff costs|||66,545|69,568| ||Rent, rates and water|||311,904|279,895| ||Subscriptions|and sundry costs||31,628|13,933| ||Telephone|||61,520|45,389| |||||2,041,665|1,941,567| ||Share ofgovernance||costs (see note 8)|4,800|4,872| |||||2,046,465|1,946,439| ||Analysis
by|fund|||| ||Unrestricted|funds||1,741,782|1,770,209| ||Restricted funds|||304,683|176,230| |||||2,046,465|1,946,439| ## ## |8|Support costs|Support costs||||||| |---|---|---|---|---|---|---|---|---| ||||Support|Governance|2021|Support|Governance|2020| ||||costs|costs||costs|costs|| ||||8|8||||| ||Audit fees|||4,800|4,800||4,800|4,800| ||Meeting expenses||||||72|72| |||||4,800|4,800||4,872|4,872| ||Analysed|between||||||| ||Charitable|activities||4,800|4,800||4,872|4,872| ## ## ## ## ## |Number ofe
The average|mployees
monthly
number ofemployees
during|the year was:|| |---|---|---|---| |||2021|2020| |||Number|Number| |Staff||60|61| |Employment|costs|2021|2020| |||6|| |Wages and salaries||1,109,665|1,135,556| |Social security costs||80,402|85,711| |Other pension costs||57,459|66,796| |||1,247,526|1,288,063| ## |Tangible fix|ed assets||||| |---|---|---|---|---|---| ||||Freehold
land|Computers a|Total| ||||and buildings|equipment|| ||||6|6|| |Cost|||||| |At 1 April 2020|||717,321|34,195|751,516| |Additions|||22,700|15,939|38,639| |At 31 March|2021||740,021|50,134|790,155| |Depreciation|and impairment||||| |At 1 April 2020|||87,658|20,682|108,340| |Depreciation|charged|in the year|14,355|8,862|23,217| |At 31 March|2021||102,013|29,544|131,557| |Carrying
amount|||||| |At 31 March|2021||638,008|20,590|658,598| |At 31 March|2020||629,663|13,513|643,176| ## ## ## |12|Debtors|||||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||Amounts
falling|due|within|one year:|||E|| ||Trade debtors||||||177,597|218,020| ||Other debtors||||||36,560|46,641| ||Prepayments
and accrued income||||||36,725|37,283| ||||||||250,882|301,944| |13|Creditors: amounts||falling|due within one year||||| ||||||||2021|2020| |||||||Notes|E|E| ||Other taxation and social security||||||17,672|20,860| ||Government
grants|||||14|180,985|42,543| ||Trade creditors||||||24,363|60,686| ||Other creditors||||||7,519|25,523| ||Accruals and deferred||income||||102,914|103,688| ||||||||333,453|253,300| |14|Grants|||||||| ||||||||2021|2020| ||||||||E|E| ||Grants||||||180,985|42,543| ||||||||180,985|42,543| ||Deferred income|is included||in the financial statements|as follows:|||| ||||||||2021|2020| ||||||||E|E| ||Balance brought|forward|||||42,543|52,263| ||Income received||||||1,759,848|1,377,169| ||Income released||||||(1,621,406)|(1,386,889)| ||Balance carried forward||||||180,985|42,543| ||||ID0
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m| ## ## ## ||||||Movement|||| |---|---|---|---|---|---|---|---|---| ||||||in funds|||| ||||||Incomlna|Balance at|Transfers|Balance at| ||||||nlaources|1 April 2020||31March 2021| ||||||6|6||| |Fixed asset fund|||||||273,312|273,312| |Cost of living rise|||||||32,000|32,000| |Business development||manager||position|||38,002|38,002| |Support worker positions|||||||47,950|47,950| |No recourse to public||funds|||||10,000|10,000| |40 Victoria Gardens|building||works||||100,000|100,000| ||||||||501,264|501,264| ## ## ## ## ## ## ## ## ||under non-cancellable|operating|leases|, wh|ich fall due|as follows:||| |---|---|---|---|---|---|---|---|---| ||||||||2021
8|2020f| ||Within one year||||||33,857|32,204| ||Between two and five years||||||5,030|20,775| ||||||||38,887|52,979| |20|Cash generated
from|operations|||||2021|2020| ||||||||8|8| ||Surplus for the year||||||321,700|106,881| ||Adjustments
for:|||||||| ||Investment
income recognised
in statement||||offinancial|activities|(1,058)|(1,531)| ||Depreciation
and impairment
of||tangible|fixed assets|||23,217|20,170| ||Movements
in working|capital:||||||| ||Decrease/(increase)
in debtors||||||51,062|(75,762)| ||(Decrease)
in creditors||||||(58,289)|(85,803)| ||Increase/(decrease)
in|deferred|income||||138,442|(9,720)| ||Cash generated
from/(absorbed||by)|operations|||475,074|(45,765)| |21|Analysis ofchanges|in net funds|||||||