|||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|
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|||||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|
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||||||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|
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||||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|
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|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|
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||||||||||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|
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|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|
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|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|
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|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|
##
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##
|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|
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|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)|
##
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