2023-03-31-accounts - Bridgend Association Of Voluntary Organisations

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		Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Balance Sheet
Cash Flow Statement		12
Notes tothe Cash Flow Statement		13
Notes to the Financial Statements	14	Io	26
Detailed Statement ofFinancial Activities		27

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6	5	E	6
INCOME AND ENDOWMENTS	FROM
Donations and legacies			15	500	515	170
Charitable activities
Charitable activities
			313,486	725,894	1,039,380	1,316,299
Other trading activities			23,675		23,675	21,901
Investment income			12,777		12,777	671
Total			349,953	726,394	1,076,347	1,339,041
EXPENDITURE ON
Charitable activities
Charitable activities
			196,395	742,152	938,547	1,139,307
NET INCOMEI(EXPENDITURE)			153,558	(15,758)	137,800	199,734
Transfem between funds		17	151	(151)
Net movement in funds			153,709	(15,909)	137,800	199,734
RECONCILIATION OF FUNDS
Total funds brought fonvard			1,813,196	595,622	2,408,818	2,209,084
TOTAL FUNDS CARRIED FORWARD			1,966,905	579,713	2,546,618	2,408,818

OR	GANISATIONS (BAVO)	GANISATIONS (BAVO)
	BALANCE SHEET
	31	MARCH 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
	Notes	funds f	funds	funds 8	funds
FIXEDASSETS
Tangible assets	14	178,818		178,818	187,874
CURRENT ASSETS
Debtors	15	76,469		76,469	140,904
Cash at bank and in hand		1,823,326	579,713	2,403,039	2,361,282
		1,899,795	579,713	2,479,508	2,502,186
CREDITORS
Amounts falling due within one year	16	(111,708)		(111,708)	(281,242)
NET CURRENT ASSETS		1,788,087	579,713	2,367,800	2,220,944
TOTAL ASSETSLESSCURRENT LIABILITIES		1,966,905	579,713	2,546,618	2,408,818
NET ASSETS		1,966,905	579,713	2,546,618	2,408,818
FUNDS	17
Unrestricted funds				1,966,905	1,813,196
Restricted funds				579,713	595,622
TOTAL FUNDS				2,546,618	2,408,818

		FOR	THE YEAR ENDE	D 31MARCH 2023
				2023	2022
			Notes	f
Cash flows from operating	activities
Cash generated from operations				31,712	189,289
Hei cash provided by operating activities				31,712	189,289
Cash flows from investing	activities
Purchase oftangible fixed assets				(2,732)
Interest received				12,777	671
Net cash provided by investing activities				10,045	671
Change in cash and cash	equivalents	in
the reporting period				41,757	189,960
Cash and cash equivalents	at the
beginning ofthe reporting	period			2,361,282	2,171,322
Cash and cash equivalents	atthe end	of
the reporting period				2,403,039	2,361,282

	NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023	NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING		ACTIVITIES
			2023 5	2022f
Net income for the	reporting	period (as per the Statement of Financial
Activities)			137,800	199,734
Adjustments for:
Depreciation charges			11,787	11,567
Interest received			(12,777)	(671)
Decrease/(increase) (Decrease)/increase	in debtors in creditors		64,435 (169,533)	(97,901) 76,560
Net cash provided	by operations		31,712	189,289

ANALYSIS OF CHANGES IN NET FUNDS
	At 1.4.22	Cash flow	At 31.3.23
	5
Net cash
Cash at bank and in hand	2,361,282	41,757	2,403,039
	2,361,282	41,757	2,403,039
Total	2,361,282	41,757	2,403,039

INCOME FROM CHARIT	AB	LE	ACTIV	ITIE	S
									2023	2022
		Activity							6
		Charitable			activities
Grants
									1,039,380	1,316,299
Grants received, included	in	the above,		are	as follows:
									2023	2022
									6	5
Core - Wales Council ofVoluntary			Action (WCVA)						196,901	200,159
Core - Bridgend County Borough			Council (BCBC)						55,412	52,079
Core - Cwm Taf Morgannwg		University		Health Board		(CTM)			36,173	16,173
CTM Mental Health Development									93,537	47,622
CTM Building Strong Bridges Project									41,042	41,042
CTM ICF Grants										50,000
CTM BAME Engagement	Officer		Funding							31,156
BCBCTransformation Resilient Communities									171,606	160,700
BCBCICF Community Navigators			Programme						178,363	141,941
BCBCSuperagers Project										9,825
BCBCFocus Forward Funding									20,000	20,000
BCBCDementia Friendly	Communities			Project					10,000	12,000
BCBCSundry Project Funding									5,000	5,000
WCVA - Gwirvol Grants									6,650	6,650
Big Lottery/ NPT CVS Befriending			Project							12,000
SCVS Link Up Project										9,624
BCBCSocial Isolation									22,727	22,727
CTM Engagement										2,000
BCBCCarers Respite									50,000	165,319
WCVA Winter Pressures										78,759
BCBCSummer Fun Play Scheme									50,278	39,271
CTM Local Public Health Team										4,182
BCBCWinter ofWellbeing										63,768
CTM Regional MH Grants										7,000
BCBCDigital Inclusion										16,223
BCTILC Driving Change									40,321	101,079
BCBCWarm Hubs Grant									51,913
BCBCValleys / LCC Gap									9,457
									1,039,380	1,316,299
CHARITABLE ACTIVITIES COSTS
							Grant
							funding	of
							activities		Support
						Direct	(see note		costs (see
						Costs f	8) 5		note 9)	Totals 6
Charitable activities
						582,666	202,534		153,347	938,547

GRANTS PAYABLE
					2023	2022f
Charitable activities
					202,534	489,383
The total grants paid to	individuals		during the year was as follows:
					2023	2022
LV20/Pakrun/Dementia	Freindly				(1)
Community Grants - Transformation						2,235
GwirVol - Youth Led Grants					6,585	8,460
Community Grants - ICF					3,000	50,926
SolarPanel					21,479
Food Poverty WCVA - COVID-19 Relief						(1,101) 20,986
Carers Respite					31,714	163,279
Digital Inclusion						16,224
Loneliness and Social Isolation		Fund			13,866	14,382
Summer Fun PS(SFPS)					42,392	39,271
Winter ofWellness					(600)	63,353
ILC Driving Change					30,095	64,906
RHM Via Interlink						7,000
WCVA Winter Pressures					2,091	39,462
Warm Hubs Grant					51,913
					202,534	489,383
SUPPORT COSTS
					Support
				Finance	costs	Totals
				f
Charitable activities
				246	153,101	153,347
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated		after charging/(crediting):
					2023 f	2022f
Depreciation -owned assets					11,788	11,567

STAFF CO	STS
				2023	2022
Wages and	salaries			595,054	490,039
				595,054	490,039
The average	monthly	number ofemployees	during the year was as follows:
				2023	2022
Senior management				2	2
Operational	and office	staff		21	17
				23	19

		Unrestricted	Restricted	Total
		funds	funds	funds
		5	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		70	100	170
Charitable activities
Charitable activities
		290,411	1,025,888	1,316,299
Other trading activities		21,901		21,901
Investment income		671		671
Total		313,053	1,025,988	1,339,041
EXPENDITURE ON
Charitable activities
Charitable activities
		95,886	1,043,421	1,139,307
NET INCOME/(EXPENDITURE)		217,167	(17,433)	199,734
Transfers between funds		(10,301)	10,301
Net movement in funds		206,866	(7,132)	199,734
RECONCILIATION OF FUNDS
Total funds brought forward		1,606,330	602,754	2,209,084
TOTAL FUNDS CARRIED FORWARD		1,813,196	595,622	2,408,818

TANGIBLE FIXEDASSE	TS
			Fixtures
		Freehold	and	Computer
		property 6	fittings 6	equipment 6	Totals f
COST
At 1 April 2022		605,190	37,954	45,426	688,570
Additions				2,732	2,732
At 31 March 2023		605,190	37,954	48,158	691,302
DEPRECIATION
At 1 April 2022		417,804	37,492	45,400	500,696
Charge for year		11,304	256	228	11,788
At 31 March 2023		429,108	37,748	45,628	512,484
NET BOOK VALUE
At 31 March 2023		176,082	206	2,530	178,818
At 31 March 2022		187,386	462	26	187,874
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023	2022
					5
Grant debtors				71,683	132,093
Other debtors					798
Prepayments and accrued	income			4,786	8,013
				76,469	140,904
CREDITORS: AMOUNTS	FALLING DUE	WITHIN ONE YEAR
				2023 f	2022
Trade creditors				27,226	74,435
Social security and other taxes				11,389	10,126
Other creditors				15,622	15,585
Accruals and deferred income				57,471	181,096
				111,708	281,242

MOVEMENT IN FUND	S
					Net	Transfers
					movement	between	At
				At 1.4.22	in funds	funds	31.3.23
						5	f
Unrestricted funds
General fund				895,322	165,345	(2,580)	1,058,087
Critical Costs				275,000			275,000
Premises Maintenance	Reserve			40,000			40,000
Computer &Telecommunications			Reserve	35,000			35,000
Project &Resources Development				50,000			50,000
Organisation Development				10,000			10,000
Governance/Quality/Legal				5,000			5,000
Strategic Support				315,000			315,000
Designated Capital Assets				187,874	(11,787)	2,731	178,818
				1,813,196	153,558	151	1,966,905
Restricted funds
CTM Health Board Local Mental		Health		10,241	2,849		13,090
Suncredit Solar Grants				46,118	(21,479)	(5,000)	19,639
Youth Support Network				1,935			1,935
Youth Volunteering BCBCICF Community	Navigators		Funding	2,050 993	(2,075) (161)	25	832
BCBCTransformation	Funding			193,449		20,990	214,439
BCBCTransformation	Funding	Grants		15,963	27	(15,990)
Building Communities	Trust Invest		Local
Caerau Project				9,878		(9,878)
CTM Building Strong Bridges/HSCWB				3,746	1,281		5,027
BCBCDementia Friendly Communities				21,204	1,106		22,310
Health Partnerhsip Activity				59,496			59,496
Befriending Project				48,515	(20,529)		27,986
BCBCCommunity Activities				23,454	12,557		36,011
Core COVID Support				132,992			132,992
POW Fundraising BCBCCarers Respite	Grants			145 2,040	(145) 13,286		15,326
WCVA Winter Pressures				2,091	(2,091)
BCBCUnsung Heroes				4,513	(4,513)
BCTILC Driving Change				16,799	4,129	9,702	30,630
				595,622	(15,758)	(151)	579,713
TOTAL FUNDS				2,408,818	137,800		2,546,618

Net movement in funds, include	in the above are as fo	llows:
		Incoming	Resources	Movement
		resources f	expended f	in funds f
Unrestricted funds
General fund		349,953	(184,608)	165,345
Designated Capital Assets			(11,787)	(11,787)
		349,953	(196,395)	153,558
Restricted funds
CTM Health Board Local Mental	Health	93,537	(90,688)	2,849
Suncredit Solar Grants			(21,479)	(21,479)
Youth Volunteering BCBCICF Community Navigators Funding BCBCTransformation Funding Grants		6,650 178,363 171,606	(8,725) (178,524) (171,579)	(2,075) (161) 27
CTM Building Strong BridgesrHSCWB BCBCDementia Friendly Communities		41,042 10,000	(39,761) (8,894)	1,281 1,106
Befriending Project BCBCCommunity Activities pOW Fundraising BCBCCarers Respite Grants		23,227 59,735 50,000	(43,756) (47,178) (145) (36,714)	(20,529) 12,557 (145) 13,286
WCVA Winter Pressures BCBCUnsung Heroes BCTILC Driving Change BCBCWarm Hubs Grant		40,321 51,913	(2,091) (4,513) (36,192) (51,913)	(2,091) (4,513) 4,129
		726,394	(742,152)	(15,758)
TOTAL FUNDS		1,076,347	(938,547)	137,800

MOVEMENT IN FUNDS - conti	nu	ed
Comparatives for movement	in	funds
				Net	Transfers
				movement	between	At
			At 1.4.21 f	in funds 5	funds f	31.3.22 6
Unrestricted funds
General fund			774,889	228,734	(108,301)	895,322
Critical Costs			177,000		98,000	275,000
Premises Maintenance Reserve			40,000			40,000
Computer &Telecommunications		Reserve	35,000			35,000
Project &Resources Development			50,000			50,000
Organisation Development			10,000			10,000
Governance/Quality/Legal			5,000			5,000
Strategic Support			315,000			315,000
Designated Capital Assets			199,441	(11,567)		187,874
Restricted funds			1,606,330	217,167	(10,301)	1,813,196
CTM Health Board Local Mental	Health		1,609	8,632		10,241
Suncredit Solar Grants			41,118		5,000	46,118
Youth Support Network			1,935			1,935
Youth Volunteering SCVS Link Up Project			4,310 4,989	(2,260) (4,989)		2,050
CTM ICF Grants				(926)	926
BCBCICF Community Navigators Funding BCBCTransformation Funding BCBCTransformation Funding Grants BCBCSuper Agers Project			7,651 197,048 15,684 5,191	(6,658) (3,500) (1,085) (193)	(99) 1,364 (4,998)	993 193,449 15,963
Building Communities Trust Invest		Local
Caerau Project			9,878			9,878
CTM Building Strong Bridges/HSCWB			4,497	(751)		3,746
WCVA Voluntary Service Recovery Funds BCBCDementia Friendly Communities			20,985 21,204	(20,985)		21,204
Health Partnerhsip Activity			59,496			59,496
Befriending Project			46,757	1,758		48,515
BCBCCommunity Activities			18,456		4,998	23,454
Core COVID Support			132,992			132,992
CTM BAME Engagement Officer			8,809	(8,809)
POW Fundraising			145			145
BCBCCarers Respite Grants				2,040		2,040
WCVA Winter Pressures BCBCUnsung Heroes				(1,019) 4,513	3,110	2,091 4,513
BCTILC Driving Change				16,799		16,799
			602,754	(17,433)	10,301	595,622
TOTAL FUNDS			2,209,084	199,734		2,408,818

MOVEMENT IN FUNDS - continued
Comparative net movement in funds,	included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		6		5
Unrestricted funds
General fund		313,053	(84,319)	228,734
Designated Capital Assets			(11,567)	(11,567)
Restricted funds		313,053	(95,886)	217,167
CTM Health Board Local Mental Health		47,622	(38,990)	8,632
Youth Volunteering SCVS Link Up Project CTM ICF Grants BCBCICF Community Navigators Funding BCBCTransformation Funding BCBCTransformation Funding Grants BCBCSuper Agers Project		6,650 9,624 50,000 141,941 160,700 9,825	(8,910) (14,613) (50,926) (148,599) (3,500) (161,785) (10,018)	(2,260) (4,989) (926) (6,658) (3,500) (1,085) (193)
CTM Building Strong BridgesrHSCWB		41,042	(41,793)	(751)
WCVA Voluntary Service Recovery Funds BCBCDementia Friendly Communities		12,000	(20,985) (12,000)	(20,985)
Befriending Project		34,727	(32,969)	1,758
CTM SAME Engagement Officer BCBCCarers Respite Grants		31,156 165,319	(39,965) (163,279)	(8,809) 2,040
WCVA Winter Pressures BCBCUnsung Heroes BCBCSummer Fun Play Scheme		78,759 5,000 39,271	(79,778) (487) (39,271)	(1,019) 4,513
NHS Carers Bonus BCBCWinter ofWellbeing		4,182 63,768	(4,182) (63,768)
CTM Regional MH Grants BCBCDigital Inclusion BCTILC Driving Change		7,000 16,223 101,179	(7,000) (16,223) (84,380)	16,799
		1,025,988	(1,043,421)	(17,433)
TOTAL FUNDS		1,339,041	(1,139,307)	199,734

A current year 12months and	prio	r year 12 mo	nths combined posi	tion isas follows:
				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.23
				6
Unrestricted funds
General fund Critical Costs			774,889 177,000	394,079	(110,881) 98,000	1,058,087 275,000
Premises Maintenance Reserve			40,000			40,000
Computer &Telecommunications Project 8 Resources Development		Reserve	35,000 50,000			35,000 50,000
Organisation Development			10,000			10,000
Governance/Quality/Legal			5,000			5,000
Strategic Support			315,000			315,000
Designated Capital Assets			199,441	(23,354)	2,731	178,818
Restricted funds			1,606,330	370,725	(10,150)	1,966,905
CTM Health Board Local Mental	Health		1,609	11,481		13,090
Suncredit Solar Grants			41,118	(21,479)		19,639
Youth Support Network			1,935			1,935
Youth Volunteering SCVS Link Up Project			4,310 4,989	(4,335) (4,989)	25
CTM ICFGrants				(926)	926
BCBCICF Community Navigators Funding BCBCTransformation Funding BCBCTransformation Funding Grants BCBCSuper Agers Project			7,651 197,048 15,684 5,191	(6,819) (3,500) (1,058) (193)	20,891 (14,626) (4,998)	832 214,439
Building Communities Trust Invest		Local
Caerau Project			9,878		(9,878)
CTM Building Strong Bridges/HSCWB			4,497	530		5,027
WCVA Voluntary Service Recovery Funds BCBCDementia Friendly Communities			20,985 21,204	(20,985) 1,106		22,310
Health Partnerhsip Activity			59,496			59,496
Befriending Project BCBCCommunity Activities			46,757 18,456	(18,771) 12,557	4,998	27,986 36,011
Core COVID Supporl			132,992			132,992
CTM BAME Engagement Officer			8,809	(8,809)
POW Fundraising BCBCCarers Respite Grants			145	(145) 15,326		15,326
WCVA Winter Pressures BCTILC Driving Change				(3,110) 20,928	3,110 9,702	30,630
			602,754	(33,191)	10,150	579,713
TOTAL FUNDS			2,209,084	337,534		2,546,618

	BRIDGEND ASSOCIATION OF VOLUNTARY ORGANISATIONS (BAVO)
	DETAILED STATEMENT OF FINANCIAL ACTIVITIES
	FOR THE YEAR ENDED 31 MARCH 2023
		2023	2022
			E
INCOME AND ENDOWMENTS
Donations and legacies
Donations		515	170
Other trading activities
Hire ofrooms and equipment		4,594	4,329
Letting ofoffice units		15,916	14,532
Training and consultancy		3,165	3,040
		23,675	21,901
Investment income
Deposit account interest		12,777	671
Charitable activities
Grants		1,039,380	1,316,299
Total incoming resources		1,076,347	1,339,041
EXPENDITURE
Charitable activities
Wages		484,969	399,382
Premises costs		10,869	7,801
Office costs		67,720	34,988
Training and other staff costs		18,420	54,433
Professional fees		688	14,141
Grants distributed		202,534	489,383
		785,200	1,000,128
Support costs
Finance
Bank charges		246	230
Support costs
Wages		110,085	90,657
Premises costs		2,467	1,771
Accountancy and legal fees		9,052	11,449
Office costs		15,372	7,942
Training and other staff costs		4,181	12,356
Professional fees		157	3,210
Freehold property		11,304	11,304
Fixtures and fittings		256	260
Computer equipment		227
		153,101	138,949
Total resources expended		938,547	1,139,307
Net income		137,800	199,734