2022-03-31-accounts

			Page
Chairman's	statement
Trustees report			2-9
Statement	oftrustees	responsibilities
Independent	auditor's	report	11 - 13
Statement	offinancial	activities	14
Balance sheet			15
Statement	ofcash flows		16
Notes to the financial		statements	17-33

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022		2021	2021	2021
	Notes	8			6	8	8
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Donations and legacies		52,225	29,505	81,730	179	33,083	33,262
Chariitable activities		1,000	1,913,141	1,914,141	56,830	1,211,816	1,268,646
Other trading activities		49,486	24,737	74,223	32,044	7,227	39,271
Investments		308		308	864		864
Total income		103,019	1,967,383	2,070,402	89,917	1,252,126	1,342,043
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Charitable activities		149,781	1,059,111	1,208,892	3,342	1,016,899	1,020,241
Net (outgoing)/incoming
resources before transfers		(46,762)	908,272	861,510	86,575	235,227	321,802
Gross transfers between
funds		116,387	(116,387)		(7,192)	7,192
Net income for the year/
Net movement in funds		69,625	791,885	861,510	79,383	242,419	321,802
Fund balances at 1 April	2021	344,033	858,883	1,202,916	264,650	616,464	881,114
Fund balances at 31March
2022		413,658	1,650,768	2,064,426	344,033	858,883	1,202,916

			2022		2021
		Notes	8
Fixed assets
Tangible assets		11		1,135,867		490,840
Investment properties		12		144,441		144,441
Investments		13		10		10
				1,280,318		635,291
Current assets
Debtors		14	129,814		122,112
Cash at bank and in	hand		672,479		538,485
			802,293		660,597
Creditors: amounts	falling due within
one year		15	(18,185)		(92,972)
Net current assets				784,108		567,625
Total assets less current liabilities				2,064,426		1,202,916
Income funds
Restricted funds		17		1,650,768		858,883
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Designated funds		18	256,681		261,381
General unrestricted	funds		156,977		82,652
				413,658		344,033
				2,064,426		1,202,916

				2022		2921
			Notes	6		8
Cash flows from operating		activities
Cash generated from operations			23		830,635		456,449
Investing	activities
Purchase	oftangible fixed assets			(696,949)		(371,904)
Purchase	of investment property					(144,441)
Investment	income received			308		864
Net cash	used in investing	activities			(696,641)		(515,481)
Net cash	used in financing	activities
Net increase/(decrease) in		cash and	cash
equivalents					133,994		(59,032)
Cash and	cash equivalents	at beginning	ofyear		538,485		597,517
Cash and	cash equivalents	at end of	year		672,479		538,485

				2022	2021
				9	F
Grants				1,914,141	1,260,526
Sundry income					8,120
				1,914,141	1,268,646
Analysis by fund
Unrestricted funds				1,000	56,830
Restricted funds				1,913,141	1,211,816
				1,914,141	1,268,646
Grants
Arts Council ofWales				4,500	20,250
Cardiff Council				112,349	55,000
Cardiff University - Caer		Heritage		2,500
Charities Aid Foundation				35,443	2,300
Children In Need				39,871	8,268
Cardiff and the Vale	Wellbeing			355,103	376,390
University ofSouth Wales - Caer Heritage				3,851
Care &Repair				9,000	9,000
The National Lottery	Heritage		Fund	752,256	96,226
Citizens Advice				8,000	13,000
Co-op				2,260	144
Dusty Shed				6,777	6,777
Neighbourly Community		Fund			400
National Lottery Community			Fund	101,515	tet,19e
Western Power					3,495
Food Sense				6,000	37,400
Arnold Clark				2,500
C3SC				71,826	16,378
Charities Trust				2,000
Child Friendly Cardiff				9,075
Invest Local Trust				49,245	168,630
Community Foundation		in Wales		1,000
Glamorgan Voluntary	Services			3,703
The Energy Saving				72,496	47,835
Groundwork UK				1,000
HMRC Coronavirus	Job	Retention Scheme		7,530	81,279
Hubbub				3,000
Macmillan				36,875	19,594
Mind					19,852
Moondance Foundation				19,255	22,658
Morrisons					5,500
Pet Supplies					117
				1,718,730	1,171,B91

Charitable ac	tivitie	s						(Continued)
							2022	2021
								f
Public Health	Wales						5,000
SoilAssociation								1,000
Wales &West	Housing						70,000
Wales Centre	for Public		Policy				450
Wales Restorative Approaches				Partnership			14,848
Waterloo Foundation								49,900
WCVA							93,408	37,935
Welsh Government		- Community		Facilities	Programme		11,705
							1,914,141	1,260,526
Other trading	activities
			Unrestricted		Restricted	Total	Unrestricted Restricted	Total
				funds	funds		funds funds
				2022	2022	2022	2021 2021	2021
				8	6		5	f
Rental income				2,436	10,120	12,556
Training and consultancy
income				47,050	14,617	61,667	32,044 7,227	39,271
Other trading	activities			49,486	24,737	74,223	32,044 7,227	39,271

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
		8
Interest	receivable	308	864

		2022f	2021f
Staff costs		740,368	680,409
Bad debt		335	389
Donations		26,907	4,826
Heat, light &insurance		12,092	7,659
ITcosts 8 telephone		8,489	12,963
Marketing, sundry &training		1,386
Printing, postage &stationery			2,463
Project costs		256,423	210,358
Rent, rates &relocation costs		2,378	546
Repairs &renewals		23,862	4,937
Equipment hire & room hire		139	383
Travel &subsistence		11,676	3,316
		1,084,055	928,249
Share ofsupport costs (see note 8)		119,776	86,993
Share ofgovernance	costs (see note 8)	5,061	4,999
		1,208,892	1,020,241
Analysis by fund
Unrestricted funds		149,781	3,342
Restricted funds		1,059,111	1,016,899
		1,208,892	1,020,241

8	Supportcosts
					Support		Governance			2022Support	costs	Governance			2021
						costs			costs				costs
						5			8		f		f		5
	Staff costs				48,344					48,344	42,014				42,014
	Depreciation				51,922					51,922	15,485				15,485
	Cleaning				10,328					10,328	8,488				8,488
	Bank charges	and	bad
	debts					125				125	122				122
	Management	charges				5,450				5,450	4,113				4,113
	Printing, postage		&
	stationery					2,806				2,806	1,434				1,434
	Motor costs					801				801	7,701				7,701
	Repairs &renewals										7,052				7,052
	Travel &subsistence										584				584
	Audit fees								4,461	4,461			4,399		4,399
	Accountancy								600	600			600		600
					119,776				5,061	124,837	86,993		4,999		91,992
	Analysed between
	Charitable activities				119,776				5,061	124,837	86,993		4,999		91,992
9	Trustees
	No trustees received			remuneration		or received			any other	benefits from an	employment		with the	charity	during
	the current or	prior year.
	No trustees were		reimbursed		for	expenses		during the current or prior year.
10	Employees
	The average	monthly		number	ofemployees			during the year was:
													2022		2021
												Number		Number
													39		36
	Employment	costs											2022		2021
													8		8
	Wages and salaries												714,349	656,572
	Social security costs												50,252		45,170
	Other pension	costs											24,111		20,681
													788,712	722,423

Tangible fix	ed assets
			Property	ITerrelpment laotor vehicles		Total
			improvements
			6	6
Cost
At 1 April 2021			483,198	3,630	33,094	519,922
Additions			696,949			696,949
At 31 March	2022		1,180,147	3,630	33,094	1,216,871
Depreciation	snd impairment
At 1 April 2021			14,291	3,630	11,161	29,082
Depreciation	charged	in the year	47,222		4,700	51,922
At 31 March	2022		61,513	3,630	15,861	81,004
Canying amount
At 31 March	2022		1,118,634		17,233	1,135,867
At 31 March	2021		468,907		21,933	490,840
Investment	property
						2022
						9
Fair value
At 1 April 2021 and 31 March 2022						144,441

13	Fixed asset investments	Fixed asset investments	Fixed asset investments				(Continued)
							Other
							investments
	Cost or valuation
	At 1 April 2021831 March 2022						10
	Carrying amount
	At 31 March 2022						10
	At 31 March 2021						10
	Other investments	comprise:			Notes	2022 F.	2021f
	Investments in subsidiaries				21	10	10
14	Debtors
	Amounts falling	due	within	one year:		2022f	2021 f
	Trade debtors					112,138	76,655
	Other debtors					17,676	42,973
	Prepayments and	accrued income					2,484
						129,814	122,112
15	Creditors: amounts		falling	due within one year
						2022f	2021 f
	Trade creditors						88,049
	Amounts owed to	subsidiary		undertakings		12,524	10
	Accruals and deferred		income			5,661	4,913
						18,185	92,972
16	Retirement benefit schemes

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		Balance at	Transfers	Balance at	Resources		Balance at
		1April 2020		1April 2021	expended	S1	INarch 2022
		8	6	6	8
Running costs		9,788	(9,788)
Dusty Forge Redevelopment		95,007		95,007			95,007
Fixed asset	fund		21,933	21,933	(4,700)		17,233
Investment	property		144,441	144,441			144,441
		104,795	156,586	261,381	(4,700)		256,681

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Name ofundertaking	Name ofundertaking	Registered	Registered	Nature ofbusiness	Class of	Vo Held
		office			shares held	Direct Indirect
ACE Community	Enterpdises	England	and	Dormant	Ordinary	100.00
Limited		Wales

23	Cash generated from	operations			2022	2021
					8	6
	Surplus for the year				861,510	321,802
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(308)	(864)
	Depreciation and impairment oftangible fixed assets				51,922	15,485
	Movements in working	capital:
	(Increase)/decrease in	debtors			(7,702)	31,748
	(Decrease)fincrease in	creditors			(74,787)	88,278
	Cash generated from	operations			830,635	456,449
24	Analysis ofchanges	in net funds