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2021-03-31-accounts

Page
Report ofthe Trustees 1 to 6
Report ofthe Independent
Auditors		 7 to 9
Statement of Financial Activities 10
Balance Sheet
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 25

f or the Year E nded 31st March 2 021
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes 6 6 6 6
Income and endowments from
Charitable
activities
Supported
living		 13,175,057 13,175,057 15,093,661
Expenditure
on
Charitable
activities
Supported
living		 13,122,766 13,122,766 14,907,092
NET INCOME 52,291 52,291 186,569
Other recognised gains/(losses)
Actuarial
gains/(losses)
schemes		 on defined benefit ~84000 7 ~80007 846000
Net movement
in		 funds (31,709) (31,709) 1,032,569
Reconciliation
of		 funds
Total funds brought forward 365,476 166,880 532,356 (500,213)
Total funds carried forward 333767 166880 500647 532356

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes f. E f. f
Fixed assets
Tangible assets 8 656,493 656,493 674,879
Current assets
Debtors 9 889,527 889,527 935,339
Cash at bank 3 839 66.880 98
9		 393635
921,366 166,880 1,088,246 1,328,974
Creditors
Amounts
falling due within		 one year 10 (582,276) (582,276) (703,191)
Net current assets 339,090 166,880 505,970 625,783
Total assets less current liabilities 995,583 166,880 1,162,463 1,300,662
Creditors
Amounts
falling due afier		 more than one year 11 (92,816) (92,816) (128,306)
Provisions
for liabilities		 14 (569,000) (569,000) (640,000)
NET ASSETS/(LIABILITIES) 333 6 66880 006 3 3 6
Funds 15
Unrestricted
funds		 333,767 365,476
Restricted
funds		 166880 166880
Total funds 500 862 532356

for the Year Ended 3 1st March 2021
2021 2020
Notes E 6
Cash flows from operating activities
Cash generated
from operations
Interest paid
Net cash (used in)/provided
by operating		 activities (135,409)
~5384
140793		 80,799
~5,628)
75 171
Cash flows from investing activities
Sale of tangible
fixed assets		 98315
Net cash provided
by investing
activities		 98315
Cash flows from financing
Loan repayments
in year
Net cash used in financing		 activities
activities		 35490
35490		 ~36454)
~36454)
Change
In cash and cash		 equivalents in
the reporting
period		 (176,283) 137,032
Cash and cash equivalents at the
beginning
ofthe reporting		 period 371,746 234,714
Cash and cash equivalents at the end of
the reporting
period		 195,463 371,746

Reconcffiatlon
of net		 Incom e to net cash flow from operati ng
activities
2021 2020
E 6
Net Income for the reporting
period (as per the Statement		 of Financial
Activities) 52,291 186,569
Adjustments
for:
Depreciation
charges		 18,387 18,875
Loss on disposal
offixed assets		 10,615
Interest
paid		 5,384 5,628
Decrease/(increase)
in		 debtors 45,811 (90,303)
(Decrease)/increase
in		 creditors (102,282) 83,415
Difference between
pension
Net cash (used in)/provided		 charge and cash contributions
by operations		 ~155,000)
~135409)		 ~134,000)
80799
Analysis ofcash and cash equivalents
2021 2020
6
Notice deposits (less than 3 months)
Overdrafts
included
in bank loans and overdrafts
Total cash and cash equwalents		 falling due within one year 198,719
~3256)
~195463		 393,635
~21 889)
~371 746
Analysis ofchanges in net funds
At 1.4.20f Cash flowf At 31.3.21
8
Net cash
Cash at bank
Bank overdraft		 393,635
~21,889)
371,746		 (194,916)
18,633
~176,283)		 198,719
~3,256)
195,463
Debt
Debts falkng due within
Debts falkng due after
Total		 1 year
1 year		 (36,587)
~128,306)
~164,893)
206853		 35,490
35,490
~140793)		 (36,587)
~92,816)
~129,403)
66060

2021 2020
Activity f.
SSDDcharges Supported living 651,032 835,722
ILF Supported living 65,322 149,151
Housing
benefit		 Supported living 2,101,886 2,361,885
Swansea Community Care Supported living 4,881,739 6,495,038
NPT Community Care Supported living 3,341,332 3,358,969
Swansea Bay UHB Supported living 1,337,960 1,676,246
Rhondda Cynon TafT Supported living 74,546 64,737
Covid-19 grants and
additional income Supported living 553,831
Sundry
income		 Supported living 167409 151913
13175057 15093661
Charitable
activities		 costs
Support
Direct costs (see
Costs
6		 note 4)
f		 Totals
6
Supported living 11459730 1663036 13 122766
Support costs
Governance
Management costs Totals
f. 6
Supported living 1 638526 24 510 1 663036
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
8
Auditors' remuneration 20,034 20,034
Auditors' remuneration for non audit work 1,320 1,320
Depreciation
-owned		 assets 18,386 18,875
Deficit on disposal offixed assets 10,615
Loan interest 4 384 5628

Staff costs for t he Yea r Ended 31st March 2 021
2021 2020
E E.
Wages and salaries 9,860,745 11,213,232
Social security costs 735,540 795,853
Other pension costs 347207 385,564
10943492 12 394649
The average monthly number ofemployees during the year was as follows:
2021 2020
Operational staff 458 578
Administrative staff 34 40
492 618
The number ofemployees whose employee benefits (excluding employer pension costs) exceeded E60,000 was:
2021 2020
E60,001 —E7 0,000 1 1

Tangible fixed asse ts
Fixtures
Freehold and Motor
property Rttings vehicles Totals
E E E E
Cost
At 1st April 2020 and 31st March 2021 708,607 9398 43,671 761 676
Depreciation
At 1st April 2020
Charge for year
At 31st March 2021		 53,470
11,317
~64 787		 9398
9398		 23,929
7,069
30998		 86,797
~18386
105183
Net book value
At 31st March 2021 643820 12673 656493
At 31st March 2020 655 137 19742 674 879
Debtors: amounts falling due within one year
2021 2020
E E
Trade debtors
Other debtors		 878,995
~10532		 825,715
109,624
889527 935339

Creditors: amounts
falling		 due within one year
2021 2020
E E.
Bank loans and overdrafts (see note 12) 39,843 58,476
Trade creditors 38,799 60,776
Social security
and other		 taxes 187,970 226,242
Other creditors 295,630 357,697
Accrued expenses 20 034
582 276 703 191
Deferred
income brought		 forward 249,255 191,128
Amounts
released to incoming		 resources (249,255) (191,128)
Amounts
deferred
in year		 213582 249 255
Deferred
income carried forward		 21358 249 255
Creditors: amounts
falling		 due after more than one year
2021 2020
E E.
Bank loans (see note 12) 92 816 128306
Loans
An analysis
of the maturity		 ofloans is given below:
2021 2020
E E
Amounts
falling due within		 one year on demand:
Bank overdrafts 3,256 21,889
Bankloans 36587 36,587
~39 843 58476
Amounts
falling between one		 and two years:
Bank loans
—1-2years		 36587 36587
Amounts
falling due between		 two and five years:
Bank loans
—2-5 years		 55 144 77 744
Amounts
falling due in more		 than five years
Repayable
by instalments:
Bank loans more 5 yr by instal 1,085 13,975
Secured debts
The following
secured debts		 are included
within creditors:
2021 2020
E E
Bankloans 129403 164893
The bank loans are secured on the assets of Community Lives Consortium

Provisio ns for liabilities
2021f 2020
f.
Pension Deficit Liability 569000 640 000
2021 2020
f f
Balance brought
forward		 640,000 1,620,000
Amounts provided
in the		 year
Amounts released
ln the		 year 000 980000
Balance carried forward 569 000 950000

Movement
ln		 funds
Nst
movement At
At 1.4.20 in fundsf 31.3.21
Unrestricted funds
General
fund		 (486,908) (31,709) (518,617)
SelfAssurance 99,964 99,964
CLC Assistive Technology 734,664 734,664
R&R Reserve 17,756 17756
365,476 (31,709) 333,767
Restricted funds
Intensive
Support		 101,863 101,863
Local Authority 32,642 32,642
Ysgol Street Development 32,375 32,375
TOTAL FUNDS 166880
532356		 ~31709) 166,880
500 647
Net movement in funds, included in the above are as follows.
Incoming Resources Gains and Movement
resourcesf expendedf losses
6		 in fundsf
Unrestricted funds
General
fund		 13,175,057 (13,122766) (84,000) (31,709)
TOTAL FUNDS 13175057 ~33 122 766 ~85 0017 ~31 709

Comparatlves for movement
In funds
Net Transfers
movement between At
At 1.4.19 In funds funds 31.3.20
6 6
Unrestricted funds
General
fund		 (1,335,405) 942285 (93,788) (486,908)
SelfAssurance 89,092 2 889 7,983 99,964
CLC Assistivs Technology 558,121 87395 89,148 734,664
R&R Reserve 17,756 17,756
CLC Fleet 3,343
(667,093) 1,032,569 365,476
Restricted funds
Intensive
Support		 101,863 101,863
Local Authority 32,642 32,642
Ysgol Street Development 32,375 32 375
TOTAL FUNDS 166880
~500 213		 1 032 569 880
532 356
Comparative
 nst movement
in funds,
incl		 uded
in the above are as foll		 ows:
Incoming Resources Gains and Movement
resources expended losses in funds
6 6
Unrestricted funds
General
fund		 14,981,092 (14,884 807) 846,000 942,285
Self Assurance
CLC Assistivs
Technology		 12,000
100569
15tl93 661		 (9,111)
~73174
~74 9070927		 846 000 2,889
87 395
1 032 569
TOTAL FUNDS 15093661 ~74907092 846000 1032569

assets, liabilities,
income and exp		 enditure
in relation
t		 o the pension scheme. o the pension scheme.
Presentation
values of Defined		 Benefit Obligation, fair value ofassets and Defined Benefit Asset (liability)
31 March 31 March
2021 2020
6 s s
Fair value of plan assets 5,717 5,101
Present value of defined
benefit obligation		 6,286 5,741
Surplus/(Deficit)
in plan		 (569) (640)
Unrecognised
surplus
Defined benefit asset (liability) to be recognised (569) (640)
Reconcifiatlon
ofthe Impact of		 the asset ceiling
31 March 2021
s
Impact ofasset ceiling at start of year
Effect ofthe asset ceiling included in net interest cost
Actuarial
losses (gains) on asset		 ceiling
Impact ofasset ceiling at end of period

31 March 2021
s
Defined benefit obligation at start of period 5,741
Current service cost
Expenses 6
Interest Expense 134
Contributions
by plan participants
Actuanal
losses (gains) due to scheme expenence		 (20)

Social housing
pension scheme - co		 Social housing
pension scheme - co		 ntinued ntinued ntinued ntinued
Actuarial
losses (gains) due to changes		 in demographic assumptions 23
Actuarial
losses (gains due to changes		 in financial assumptions 673
Benefits paid and expenses (271)
Liabilities acquired
in a business
combination
Liabilities extinguished
on settlements
Losses (gains) on curtailments
Losses (gains) due to benefit changes
Exchange rate differences
Defined benefit obligation
at end of period		 6,286
Reconciliation
ofopening
and closing balances		 ofthe fair value ofplan assets
31 March 2021
s
Fair value of plan assets at start of period 5,101
Interest income 121
Experience on plan assets (excluding amounts included in interest income)-
gain (loss) 592
Contributions
by the employer		 174
Contributions
by plan participants
Benefits paid and expenses (271)
Assets acquired
in a business
combination
Assets distributed
on settlements
Exchange rate changes
Fair value of plan assets at end of period 5,717
The actual
return
on the plan assets		 (including any changes in share ofassets) over the period ended 31 March 2021 was
6713,000.
Defined benefit costs recognised
in		 statement offinancial activities - Net income and expenditure
31 March 2021
s
Current service cost
Expenses 6
Netinterest
Expense		 13
Losses (gains) on business
combinations
Losses (gains) on settlements
Losses (gains) on curtailments
Losses (gains) due to benefit changes
Defined benefit costs recognised
in statement		 offinancial actnnties 19
Defined benefit costs recognised
in		 statement offinancial activities - Actuarial Gains/(losses)
31 March 2021
s
Experience
on plan assets (excluding		 amounts included in net interest cost)—
gain (loss) 592
Experience gains and losses arising on the plan liabilities —gain (loss) 20
Effects ofchanges
in the demographic		 assumptions underlying the present
value ofthe defined
benefit obligation		 —gain (loss) (23)
Effects ofchanges
in the financial
assumptions		 underlying the present value of
the defined
benefit obligation
—gain (loss)		 (673)
Total actuarial
gains and losses (before		 restriction due to some ofthe surplus
not being recongisable)
—gain (loss)		 (84)
Effects ofchanges
in the amount
of surplus		 that is not recoverable (excluding
amounts
included
in net interest cost)		 —gain (loss)
Total amount
recognised
in Actuarial		 gains/(losses) (84)