## 



## 

|Report ofthe|Trustees incorporating|the Strategic Report|1-35|
|---|---|---|---|
|Report ofthe|Independent<br>Auditors||36-39|
|Statement of|Financial Activities||40-41|
|Balance Sheet|||42-43|
|Consolidated|Cash Flow Statement||44|
|Notes to Financial Statements|||45-75|





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## 

|Group surplus<br>pre-FRS 102pension adjustments|504,900|
|---|---|
|Less excess of FRS102 DBpension cost recognised||
|in PILL over employer contributions|(1,551,000)|
|Net outgoing resources per SOFA|(1,046,100)|
|Add actuarial<br>gain on pension fund|4,677,000)|
|Net movement<br>in funds per SOFA|3,630,900|





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## 



|Bankers:||Barclays Business Banking|Barclays Business Banking|
|---|---|---|---|
|||South Wales Team||
|||3"Floor Windsor Court||
|||3Windsor Place||
|||Cardiff||
|||CF103ZL||
|Solicitors||||
|(Employment|Law):|Capital<br>Law LLP||
|||Capital<br>Building||
|||Tyndall Street||
|||Cardiff||
|||CF104AZ||
|Auditors:||Azets Audit Services Limited||
|||Chartered<br>Accountants|and Statutory Auditors|
|||1-3Waters Lane Chambers||
|||Waters Lane||
|||Newport||
|||NP20 1LA||





## 



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## 



## 

## 

||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restdicted|funds|funds|
|||Note|funds|funds|2022|2021|
||||f|E||f|
|Income and endowments|from:||||||
|Donations<br>and legacies|||9,449||9,449|630|
|Charitable<br>activities|||6,620,366|1,057,843|7,678,209|7,638,416|
|Other trading activities|||9,576||9,576|9,479|
|Total income and endowments|||6,639,391|1,057,843|7,697,234|7,648,525|
|Expenditure<br>on:|||||||
|Charitable<br>activities||6|7,774,114|969,220|8,743,334|7,829,024|
|Total expenditure|||7,774,114|969,220|8,743,334|7,829,024|
|Net (expenditure)/income||7|(1,134,723)|88,623|(1,046,1001|(180,499)|
|Transfers between<br>funds||15,16|1,245|(1,245)|||
|Other recognised gains/(losses):|||||||
|Actuarial<br>(losses)/ gains|on||||||
|defined benefit pension|schemes|20|4,677,000||4,677,000|(5,155,000)|
|Net movement<br>infunds|||3,543,522|87,378|3,630,900|(5,335,499)|
|Reconciliation<br>of Funds|||||||
|Total funds brought<br>forward||15,16|(6,989,201)|522,127|(6,467,074)|(1,131,575)|
|Total funds carried forward||16,17|(3,445,6791|609,505|(2,836,174)|(6,467,074)|





## 

|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|funds|funds|
||||Note|funds|funds|2022|2021|
|||||E|E|E|E|
|Income and endowments||from:||||||
|Donations<br>and legacies|||3|9,449||9,449|18,596|
|Charitable<br>activities|||4|6,620,366|1,057,843|7,678,209|7,640,509|
|Totalincome and|endowments|||6,629,815|1,057,843|7,687,658|7,659,105|
|Expenditure<br>on:||||||||
|Charitable<br>activities||||7,764,550|969,220|8,733,770|7,828,602|
|Total expenditure||||7,764,550|969,220|8,733,770|7,828,602|
|Net (expenditure)/|income|||(1,134p735)|88,623|(1,046,112)|(169,497)|
|Transfers between|funds||15,16|1,245|(1,245)|||
|Other recognised|gains/(losses):|||||||
|Actuarial(losses)/|gains|on defined||||||
|benefit pension schemes|||20|4,677,000||4,677,000|(5,155,000)|
|hlet movementin|funds|||3,543,510|87,378|3,630,888|(5,324,497)|
|Reconciliation<br>of|Funds|||||||
|Total funds brought forward|||15,16|(6,989,194)|522,127|(6,467,067)|(1,142,570)|
|Totalfunds carried forward|||16,17|(3,445,684)|609,505|(2,836,179)|(6,467,067)|





||||AS|AT31MARCH 2022||||
|---|---|---|---|---|---|---|---|
|||||2022||2021||
||||Note|E||||
|Fixed assets:||||||||
|Tangible assets|||||558,137||58,658|
|Current assets:||||||||
|Stocks|||11|23,677||13,999||
|Debtors|||12|5,061,742||5,466,159||
|Cash at bank and|in|hand||1,882,967||1,248,082||
|||||6,968,386||6,728,240||
|Liabilities:||||||||
|Creditors: Amounts||falling due||||||
|within one year|||13|(827,098)||(986,972)||
|Net current assets|||||6,141,288||5,741,268|
|Total assets less|current liabilities||||6,699,425||5,799,926|
|Creditors: Amounts||falling due after||||||
|more than one year|||14||(394,599)|||
|Net assets excluding||pension|||6,304,826||5,799,926|
|liability||||||||
|Defined benefit|pension scheme|||||||
|lia bility|||20||(9,141,0001||(12,267,000)|
|Net (liabilities)/|assets||||(2,836,174)||(6,467,074)|
|The funds ofthe|charity:|||||||
|Restricted<br>income funds|||15||609,505||522,127|
|Unrestricted<br>income||funds|16|1,263,321||845,799||
|Pension reserve|||16|(4,709,000)||(7,835,000)||
||||||(3,445,679)||6,989,201|
|Total charity funds|||17||(2,836,174)||(6,467,074)|





||||||2022|2021||
|---|---|---|---|---|---|---|---|
|||Note||E||||
|Fixed assets:||||||||
|Tangible assets||9|||558,137||58,658|
|Investments||10|||1||1|
||||||558,138||58,659|
|Current assets:||||||||
|Stocks||11||23,677||13,999||
|Debtors||12||5,065,135||5,469,552||
|Cash at bank and in|hand|||1,881,051||1,246,178||
|||||6,969,863||6,729,729||
|Liabilities:||||||||
|Creditors: Amounts|falling|due||||||
|within one year||13||(828,581)||(988,455)||
|Net current assets|||||6,141,282||5,741,274|
|Total assets less current liabilities|||||6,699,420||5,799,933|
|Creditors: Amounts|falling|due after||||||
|more than one year||14|||(394,599)|||
|Net assets excluding|pension||||6,304,821||5,799,933|
|liability||||||||
|Defined benefit pension scheme||||||||
|liability||20|||(9,141,000)||(12,267,000)|
|Net (liabilities)/<br>assets|||||(2,836,179)||(6,467,067)|
|The funds ofthe chaiity:||||||||
|Restricted income funds||15|||609,505||522,127|
|Unrestricted<br>income|funds|16||1,263,316||845,806||
|Pension reserve||16||(4,709,000)||(7,835,000)||
||||||(3,445,684)||(6,989,194)|
|Totalchanty<br>funds||17|||(2,836,179)||(6,467,067)|
|These financialstatements||were approved|by|the Board of|Directors/Trustees|on ...!**.**...................||





## 

|||||Note|2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Net cash provided<br>by operating<br>activities||||20|1,186,749|(633,285)|
|Cash flows from investing<br>activities:|||||||
|Purchase ofproperty<br>plant and equipment|||||(551,864)||
|Net cash provided<br>used in investing<br>activities|||||(551,864)||
|Change<br>in cash and cash equivalents<br>in the|reporting|period|||634,885|(633,285)|
|Cash and cash equivalents<br>at the beginning|ofthe reporting||period|20|1,248,082|1,881,367|
|Cash and cash equivalents<br>at the end ofthe|reporting|period||20|1,882,967|1,248,082|





## 

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## 

## 



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## 

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## 



## 

## 

||Unrestricted|Restricted|Total|Tota I|
|---|---|---|---|---|
|~Grou|fundsf|funds<br>E|2022<br>E|2021<br>f|
|Donations|1,002||1,002|630|
|LLT Limited Covenant|8,447||8,447||
||9,449||9,449|630|
|Charity|||||
|Donations|1,002||1,002|630|
|LLT Limited Covenant|8p447||8,447|17,966|
||9,449||9,449|18,596|





## 

## 

## 

|||Unrestricted|Restdcted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2022|2021|
|~Grou||||E|E|
|Catering<br>income||872,172||872,172|200,966|
|Class income||34,694||34,694|14,859|
|Educational<br>income||21p051||21,051|26,590|
|Grants||1,092,694|1,057,843|2,150,537|3,610,665|
|Leisure centre income||1,310,916||1,310,916|221,840|
|Management<br>fee||2,798,092||2,798,092|3,232,688|
|Park outdoor activities||236,664||236,664|30,695|
|Reorganisation<br>funding|Ik recharges||||164,555|
|Room hire and rental||109,687||109,687|67,701|
|Sale ofgoods||30,438||30,438|4,845|
|Service Level Agreement||75,304||75,304|55,064|
|Shows and events||9,086||9,086||
|Sundry income||29,568||29,568|7,948|
|||6,620,366|1,057,843|7,678,209|7,638,416|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|2022|2021|
|Charity||E|E|E|E|
|Catering income||&72,172||872,172|200,966|
|Class income||34,694||34,694|14,859|
|Educational<br>income||21,051||21,051|26,590|
|Grants||1,092,694|1,057,843|2,150,537|3,610,665|
|Leisure centre income||1,310,916||1,310,916|221,840|
|Management<br>fee||2,798,092||2,798,092|3,232,688|
|Park outdoor activities||236,664||236,664|30,695|
|Reorganisation<br>funding|&recharges||||164,555|
|Room hire and rental||109,687||109,687|67,701|
|Sale ofgoods||30,438||30,438|4,845|
|Service Level Agreement||75,304||75,304|55,064|
|Shows and events||9,086||9,086||
|Sundry income||29,568||29,568|10,041|
|||6,620,366|1,057,843|7,678,209|7,640,509|





## 

## 

|Grant income was received|from the|following sources:||||
|---|---|---|---|---|---|
|s~dh||Unrestricted<br>funds|Restricted<br>funds|Total<br>2022|Tota I<br>2021|
|||f|f|f|f|
|Aneurin<br>Bevan University|Health|||||
|Board||722|14,887|15,609||
|Arts Council ofWales|||||219,710|
|Blaenau Gwent County Borough||||||
|Council||12,605|49,129|61,734|175,593|
|Cardiff Council|||4,005|4,005||
|Caerphilly<br>County Borough|Council||||11,200|
|Coleg Gwent||274,079||274,079|279,512|
|Coronavirus<br>Job Retention|Scheme||82,049|82,049|1,032,412|
|Denbighshire<br>County Council|||||5,000|
|Disability Sports Wales|||19,945|19,945|21,311|
|European<br>Social Fund|||477,085|477,085|427,539|
|Good Things Foundation|||2,352|2,352|3,936|
|Learning<br>&Work Institute|||750|750|700|
|National<br>Heritage|||7,911|7,911|5,550|
|Public Health Wales|||103,000|103,000|99,600|
|Sports Council Wales||41,706|243,210|284,916|252,294|
|Street Games|||26,000|26,000|15,672|
|WCVA|||27,520|27,520||
|Welsh Government||763,582||763,582|1,060,636|
|||1,092,694|1,057,843|2,150,537|3,610,665|
|Income by activity:||||||
||||Groupe|Charitye*||
||||f|f||
|Training<br>and libraries|||1,177,298|1,177,298||
|Culture,<br>parks and events|||996,859|1,006,435||
|Sports and fitness|||2,256,766|2,256,766||
|Central support<br>services|||3,256,735|3,256,735||
||||7,687,658|7,697,234||





## 

## 

||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|~Grou|||funds<br>f|funds<br>f.|2022f|2021<br>f|
|Subsidiary|trading|operations|9,576||9,576|9,479|
||||9,576||9,576|9,479|





## 

## 

|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|Garou||Directf|Support<br>E|Grants<br>E|Governance<br>E|2022<br>E|2021<br>E|
|Agency and||||||||
|subcontractors||214,076||||214,076|49,954|
|Business support||568,016|62,971||10,925|641,912|679,370|
|Catering costs||385,375||||385,375|93,827|
|Defined benefit|FRS102|||||||
|recognised<br>pension||||||||
|costs(note 19)||2,169,252||||2,169,252|1,307,804|
|Depreciation||51,778||||51,778|41,022|
|Events and show costs||42,755||||42,755|891|
|Irrecoverable<br>VAT||28,496|3,681|||32,177|77,425|
|Other costs||462,076||||462,076|440,269|
|Premises||842,194||||842,194|978,700|
|Reorganisation|costs|75,219||||75,219|4,375|
|Social security||283,130||||283,130|274,412|
|Wages and salaries||3,025,417|507,717|10,256||3,543,390|3,880,975|
|||Bp147,784|574,369|10,256|10,925|8,743,334|7,829,024|
|Charity||||||||
|Agency and||||||||
|subcontractors||214,076||||214,076|49,954|
|Business support||568,016|62,971||10,925|641,912|679,370|
|Catering costs||385,375||||385,375|93,827|
|Defined benefit|FRS102|||||||
|recognised<br>pension||||||||
|costs (note 19)||2,169,252||||2,169,252|1,307,804|
|Depreciation||51,778||||51,778|41,022|
|Events and show costs||42,755||||42,755|891|
|Irrecoverable<br>VAT||27,380|3,681|||31,061|77,007|
|Othercosts||453,628||||453,628|440,265|
|Premises||842,194||||842,194|978,700|
|Reorganisation|costs|75,219||||75,219|4,375|
|Socia I security||283,130||||283,130|274,412|
|Wages and salaries||3,025,417|507,717|10,256||3,543,390|3,880,975|
|||8,138,220|574,369|10,255|10,925|8,733,770|7,828,602|





## 

## 

|||||||Total|To~el|
|---|---|---|---|---|---|---|---|
|||Direct|Support|Grants|Governance|2022|2021|
|~Grou|||E||E|E|E|
|Training|and libraries|1,381,733|152,281|||1,534,014|1,633,901|
|Culture,|parks and|||||||
|events||1,493,620|130,180|10,256||1,634,056|1,728,740|
|Sports and fitness||2,636,157|291,908|||2,928,065|2,613,610|
|Central|support|||||||
|services'||2,636,274|||10,925|2,647,199|1,852,773|
|||8,147,784|574,369|10,256|10,925|8,743,334|7,829,024|
|Charity||||||||
|Training|and libraries|1,381,733|152,281|||1,534,014|1,633,901|
|Culture,|parks and|||||||
|events||1,484,056|130,180|10,256||1,624,492|1,728,320|
|Sports and fitness||2,636,157|291,908|||2,92&,065|2,613,610|
|Central|support|||||||
|services*||2,636,274|||10,925|2,647,199|1,852,771|
|||8,138,220|574,369|10,256|10,925|8,733,770|7,828,602|



## 

|Net incoming|resources are stated after charging:|||
|---|---|---|---|
|||Total|Total|
|G~dh||2022<br>E|2021<br>E|
|Depreciation||51,778|41,022|
|Operating<br>leases||96,773|60,869|
|Auditors<br>Remuneration:||||
|Audit fees||9,000|9,250|
|Accountancy|services|1,500|1,550|





## 

## 

|STAFF COST|S|||
|---|---|---|---|
|||Total|Tota I|
|~dd|h|2022|2021<br>f|
|Wages and|salaries|3,543,390|3,880,976|
|Social security costs||283,130|274,412|
|FRS102 Pension service costs (see note 19)||2,169,252|1,157,000|
|||5,995,772|5,312,388|



## 

|Staff nu|mbers<br>excluding<br>relief wor|kers:||||
|---|---|---|---|---|---|
|||Headcount|Headcount|FTE|FTE|
|G~dh||2022|2021|2022|2021|
|Training|and libraries|83|79|37.91|38.7|
|Culture,|parks and events|69|47|31.52|25.3|
|Sports|and fitness|123|95|56.19|55.9|
|Central|support services|12|17|5.48|16.8|
|||287|238|131.1|136.7|



||Total|Total|
|---|---|---|
||2022|2021|
||E|f|
|f60,000-f70,000|||





## 

|as as|follows:|||
|---|---|---|---|
|||Total|Total|
|||2022|2021|
|||E|E|
|Total|contributions|23,190|22,343|



## 

## 



## 

## 

## 

||Plant and|Computer|Fixtures|Motor||
|---|---|---|---|---|---|
||machinery|equipment|and fittings|vehicle|Total|
|~Grou||E|||E|
|Cost||||||
|At 1April 2021|120,739|8,674|55,576|28,125|213,114|
|Additions|545,245||6,619||551,864|
|Disposals|||(3,033)||(3,033)|
|At 31March 2022|665,984|8,674|59,162|28,125|761,945|
|Depreciation||||||
|At 1April 2021|81,994|6,541|42,533|23,388|154,456|
|Charge for the year|38,241|2.133|6,667|4,737|51,778|
|Disposals|||(2,426)||(2,426)|
|At 31March 2022|120,235|8,674|46,774|28,125|203,808|
|Net BookValue||||||
|At 31March 2022|545,749||12,388||558,137|
|At 31March 2021|38,745|2 133|13,043|4,737|58,658|





## 

||||Total|Total|
|---|---|---|---|---|
||||2022|2021|
|Profit and Loss Account|||E|f|
|Turnover|||9,576|9,479|
|Admin expenses|||(6,711)|(2,511)|
|Operating<br>profit|||2,865|6,968|
|Statement ofchanges|in Equity||||
|Balance brought forward|||1|10,999|
|Profit and total comprehensive||income for the period|2,865|6,968|
|Distributions<br>to parent|charity under gift aid||(2,865)|(17,966)|
|Balance carried forward|||||
|Balance Sheet|||||
|Current assets:|||||
|Cash at bank and in hand|||1,911|1,911|
|Amount<br>owed by parent|||1,4&4||
||||3,395|1,911|
|Current<br>liabilities:|||||
|Amounts<br>owed to group undertakings|||3,394|1,910|
||||3,394|1,910|
|Net current assets|||||
|Capital and reserves:|||||
|Called up share capital|||||
|Profit and loss reserves|||||





## 

|||||FOR T|HE YEAR ENDED 31MARC|H 2022||
|---|---|---|---|---|---|---|---|
|11.|STOCK|||||||
||~dd|h||||2022<br>E|2021<br>f|
||Shop items|||||6,925|6,010|
||Food and|bar||||16,752|7,989|
|||||||23,677|13,999|
|12.|DEBTORS|||||||
||~Grou|||||2022|2021|
|||||||E|E|
||Amounts|falling due||within one year:||||
||Trade debtors|||||198,160|558,149|
||Prepayments||and accrued income|||431,582|476,010|
|||||||629,742|1,034,159|
||Amounts|falling due after one|||year:|||
||Underwritten||pension|balance||4,432,000|4,432,000|
|||||||5,061,742|5,466,159|
||Charity|||||||
||Amounts|falling due||within one year:||||
||Trade debtors|||||198,160|558,149|
||Amounts|due|from subsidiary||undertakings|3,394|3,393|
||Prepayments||and accrued income|||431,581|476,010|
|||||||633,135|1,037,552|
||Amounts|falling due||after one year:||||
||Underwritten||pension|balance||4,432,000|4,432,000|
|||||||5,065,135|5,469,552|





## 

## 

||||2022|2021|
|---|---|---|---|---|
|~Grou|||f|E|
|Trade creditors|||30,195|56,516|
|Accruals and deferred|income||580,727|765,551|
|Social security and other taxes|||154,121|164,905|
|Hire purchase|||62,055||
||||827,098|986,972|
|Charity|||||
|Trade creditors|||30,195|56,516|
|Accruals and deferred|income||580,727|765,551|
|Social security and other taxes|||154,121|164,905|
|Amounts<br>due to subsidiary||undertakings|1,483|1,483|
|Hire purchase|||62,055||
||||828,581|988,455|



|~Gd<br>Ch||2022<br>E|2021<br>f|
|---|---|---|---|
|Balance brought|forward|53,234|939,604|
|Income received|in the year|2,965,147|2,346,318|
|Released to income||(2,814,546)|(3,232,688)|
|Balance carried|forward|203p835|53,234|





## 

## 

||2022|2021|
|---|---|---|
|G~ddh|f|E|
|Hire purchase|394,599||
||394,599||



## 

|The net book value offixed assets|held under hire purchase contracts during the year totalled||
|---|---|---|
|f455,554 (2021:Enil).|||
|~dd<br>Ch|2022<br>E|2021<br>f|
|Future minimum<br>lease payments|due under finance leases:||
|Within one year|62,055||
|in two to five years|297,217||
|In over five years|97,382||
||456,654||





## 






## 

## 

## 



## 

## 

## 

## 

## 

|~<br>delivery ofthe 'Rugb<br>P~ii<br>d|y Stories' project|. This project h|as successfully<br>co|ncluded.||
|---|---|---|---|---|---|
||At||||At|
||1April||||31March|
|~dd<br>d<br>it|2020<br>E|Income<br>E|Expenditure<br>E|Transfers<br>E|2021f|
|Arts Council ofWales|96,797|191,408|(213,978)||74,227|
|Blaenau Gwent County||||||
|Borough Council||18,511|(18,511)|||
|Caerphilly<br>CBC||11,200|(11,200)|||
|Coronavirus<br>Job Retention||||||
|Scheme||1,032,413|(982,796)|(49,617)||
|Denbighshire<br>County Council||5,000|(5,000)|||
|Disability Sports Wales|(109)|21,311|(22,756)|4,000|2,446|
|European<br>Social Fund|264,456|427,539|(387,664)|49,617|353,948|
|Good Things Foundation||3,936|(1,976)||1,960|
|Heritage<br>Lottery|11,592||||11,592|
|Learning &Work Institute|2,558|700|(117)||3,141|
|National<br>Heritage||5,550|(13,461)||(7,911)|
|Neath Port Talbot County||||||
|Borough Council|4,114||||4,114|
|Public Health Wales||99,670|(103,056)|3,386||
|Sports Council Wales|20,954|211,612|(202,113)|(4,000)|26,453|
|Street Games|35,685|15,672|(5,904)||45,453|
|Welsh Government||5,000|||5,000|
|Wrexham<br>County Borough||||||
|Council|1,704||||1,704|
|Total funds|437,751|2,049,522|(1,968,532)|3,386|522,127|






## 

|||||||Actua dial||
|---|---|---|---|---|---|---|---|
|||||||loss on||
|||||||defined||
|||||||benefit||
|||Asat1||||pension|As at31|
|||April 2021|Income|Expenditure|Transfers|scheme|March 2022|
|Garou||E||E||E|E|
|Generalfund||845,799|6,639,391|(6,223,114)|1,245||1,263,321|
|Defined benefit||||||||
|pension|scheme|(7,835,000)||(1,551,000)||4,677,000|(4,709,000)|
|||(6,989,201)|6,639,391|(7,774,114)|1,245|4,677,000|(3,445,679)|
|Charity||||||||
|General fund||845,806|6,629,815|(6,213,550)|1,245||1,263,316|
|Defined benefit||||||||
|pension|scheme|(7,835,000)||(1,551,000)||4,677,000|(4,709,000)|
|||(6,989,194)|6,629,815|(7,764,550)|1,245|4,677,000|(3,445,684)|
|~Pi|id|||||||
|||||||Actuarial<br>loss||
|||||||on defined||
|||||||benefit||
|||||||pension||
|||As at 1||||scheme|As at 31|
|||April 2020|Income|Expenditure|Transfers||March 2021|
|Garou||E||f|E||f|
|General|fund|403,674|5,599,003|(5,153,492)|(3,386)||845,799|
|Defined|benefit|||||||
|pension scheme||(1,973,000)||(707,000)||(5,155,000)|(7,835,000)|
|||(1,569,326)|5,599,003|(5,860,492)|(3,386)|(5,155,000)|(6,989,201)|
|Charity||||||||
|General|fund|392,679|5,609,583|(5,153,070)|(3,386)||845,806|
|Defined|benefit|||||||
|pension scheme||(1,973,000)||(707,000)||(5,155,000)|(7,835,000)|
|||(1,580,321)|5,609,583|(5,860,070)|(3,386)|(5,155,000)|(6,989,194)|





## 

## 

## 

|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|2022|
|~Grou||E|E|E|
|Fixed assets||558,137||558,137|
|Current|assets|1,926,881|609,505|2,536,386|
|Pension|debtor|4,432,000||4,432,000|
|Current|liabilities|(827,0981||(827,098)|
|Long term liabilities||(394,599)||(394,599)|
|Pension|deficit|(9,141,000)||(9,141,000)|
|Total funds||(3,445,679)|609,505|(2,836,174)|
|Charity|||||
|Fixed assets||558,137||558,137|
|Investments||1||1|
|Current|assets|1,928,358|609,505|2,537,863|
|Pension|debtor|4,432,000||4,432,000|
|Current|liabilities|(828,581)||(828,581)|
|Long term liabilities||(394,599)||(394,599)|
|Pension|deficit|(9,141,000)||(9,141,000)|
|Total funds||(3,445,684)|609,505|(2,836,179)|
|||Unrestricted|Restricted||
|||funds|funds|2021|
|~Grou||E|f|f|
|Fixed assets||58,658||58,658|
|Current|assets|1,774,113|522,127|2,296,240|
|Pension|debtor|4,432,000||4,432,000|
|Current|liabilities|(986,972)||(986,972)|
|Pension|deficit|(12,267,000)||(12,267,000)|
|Total funds||(6,989,201)|522,127|(6,467,074)|
|Charity|||||
|Fixed assets||58,658||58,658|
|Investments||1||1|
|Current|assets|1,775,602|522,127|2,297,729|
|Pension|debtor|4,432,000||4,432,000|
|Current|liabilities|(988,455)||(988,455)|
|Pension|deficit|(12,267,000)||(12,267,000)|
|Total funds||(6,989,194)|522,127|(6,467,067)|





## 

## 

|~Gd Ch|Total<br>2022|Total<br>2021|
|---|---|---|
||E|E|
|Due less than 1year|22,468|22,468|
|Due 2-5 years|||
|Due &5years|||
||22,468|22,468-|



## 

## 

## 

## 



## 

## 

## 

## 

|||||||Net (liability)/|
|---|---|---|---|---|---|---|
|Period ended 31March 2022||||Assets<br>f(000)|Obligations<br>f(000)|asset<br>E(000)|
|Fair value of plan assets||||25,012||25,012|
|Present value offunded<br>liabilities|||||37,279|(37,279)|
|Opening<br>Position as at 31March 2021||||25,012|37,279|(12,267)|
|Service cost|||||||
|Current service cost|||||1,904|(1,904)|
|Past service cost (including<br>curtailments)|||||||
|Total Service Cost|||||1,904|(1,904)|
|Net interest|||||||
|Interest income on plan assets||||519||519|
|Interest cost on defined benefit|obligation||||783|(783)|
|Total net interest||||519|783|(264)|
|Total defined benefit cost recognised<br>(Loss)||in Profit|or|519|2,687|(2,168)|
|Cash flows|||||||
|Plan participants'<br>contributions||||208|208||
|Employer contributions||||617||617|
|Estimated<br>Benefits paid||||(218)|(218)||
|Expected closing position||||26,138|39,956|(13,818)|
|Remeasurements|||||||
|Changes<br>in financial assumptions|||||(3,5450|3,545|
|Changes<br>in demographic<br>assumptions|||||(214)|214|
|Other experience|||||77|(77)|
|Return on assets excluding amounts||included|in||||
|net interest||||995||995|
|Total remeasurements<br>recognised<br>Comprehensive<br>Income (OCI)|in Other|||995|(3,682)|4,677|
|Fair value ofplan assets||||27,133||27,133|
|Present value offunded<br>liabilities|||||36p274|(36,274)|
|Closing Position as at31March 2022||||27,133|36,274|(9,141)|





## 

## 

|Period Ended|31March 2022|31March 2021|
|---|---|---|
|Equities|81|81|
|Bonds|16|17|
|Property|3|2|
|Cash|0|0|




|||Males|Females|
|---|---|---|---|
|Current|Pensioners|2056 years|23.2 years|
|Future|Pensioners*|21.8yea rs|25.1years|



## 

|Change in assumptions<br>at31March 2022|Change in assumptions<br>at31March 2022|Approximate|%increase to|Approximate<br>monetary|
|---|---|---|---|---|
|||Defined Benefit Obligation||amount E(000)|
|0.5%decrease|in Real Discount Rate||14%|5,201|
|0.5%increase|in the Salary Increase Rate||2%|697|
|0.5%increase|in the Pension Increase Rate||12%|4,386|





## 

|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||||f|
|Net (expenditure)/|income for||the reporting|period||3,575,170|(5,335,499)|
|Adjustments<br>for.||||||||
|Depreciation<br>charges||||||51,778|41,022|
|(Gain)/Loss<br>on disposal||||||607||
|(Increase)/decrease||in stocks||||(9,678)|6,539|
|(Increase)/decrease||in debtors||||404,417|(592,629)|
|Increase<br>in creditors|||||(2,835,547)||5,247,282|
|Net cash provided|by operating||activities|||1,186,747|(633,285)|
|Analysis ofCash and||Cash Equivalents||||||
|Cash in hand||||||1,882,967|1,248,082|
|Total Cash and Cash||Equivalents||||1,882,967|1,248,082|
|Anal sisofchan<br>esinnetfunds||||||||
|||At|1April||New finance|Other non-|At 31March|
||||2021|Cash flows|leases|cash|2022|
|||||||changes||
|||||||E||
|Cash at bank and in<br>hand||1,248,082||634,885|||1,882,967|
|Obligations<br>under<br>finance lease||||18,576|(471,863)|(3,367)|(456,654)|
|||1,248,082||653,461|(471,863)|(3,367)|1,426,313|





## 

## 

|||||Total|
|---|---|---|---|---|
|||Unrestricted|Restricted|funds|
|Garou||funds|funds|2021|
|||f|f|f|
|Income and endowments|from:||||
|Donations<br>and legacies||430|200|630|
|Charitable<br>activities||5,589,094|2,049,322|7,638,416|
|Other trading activities||9,479||9,479|
|Total income and endowments||5,599,003|2,049,522|7,648,525|
|Expenditure<br>on:|||||
|Charitable<br>activities||5,860,492|1,968,532|7,829,024|
|Total expenditure||5,860,492|1,968,532|7,829,024|
|Net (expenditure)/income||(261,489)|80,990|(180,499)|
|Transfers between<br>funds||(3,386)|3,386||
|Other recognised gainsj(losses/r|||||
|actuarial<br>(losses)/ gains|on defined||||
|benefit pension schemes||(5,155,000)||(5,155,000)|
|Net movement<br>infunds||(5,419,875)|84,376|(5,335,499)|
|Reconciliation ofFunds|||||
|Total funds brought forward||(1,569,326)|437,751|(1,131,575)|
|Totalfunds carried forward||(6,989,201)|522,127|(6,467,074)|





## 

## 

||||Total|
|---|---|---|---|
||Unrestricted|Restricted|funds|
||funds|funds|2021|
||f|E|f|
|Income and endowments<br>from:||||
|Donations<br>and legacies|18,396|200|18,596|
|Charitable<br>activities|5,591,187|2,049,322|7,640,509|
|Total income and endowments|5,609,583|2,049,522|7,659,105|
|Expenditure<br>on:||||
|Charitable<br>activities|5,860,070|1,968,532|7,828,602|
|Total expenditure|5,860,070|1,968,532|7,828,602|
|Net /expenditure//income|(250,487)|80,990|(169,497)|
|Transfers between funds|(3,386)|3,386||
|Other recognised gains/(losses):||||
|Actuarial (losses)/ gains on defined benefit||||
|pension schemes|(5,155,000)||(5,155,000)|
|Net movement infunds|(5,408,873)|84,376|(5,324,497)|
|Reconciliation ofFunds||||
|Total funds brought<br>forward|(1,580,321)|437,751|(1,142,570)|
|Totalfunds carried forward|(6,989,194)|522,127|(6,467,067)|