|||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|9| |Report ofthe Independent
Auditors|10 to||12| |Statement of Financial Activities||13|| |Balance Sheet||14|| |Cash Flow Statement||15|| |Notes to the Cash Flow Statement||16|| |Notes to the Financial Statements|17 to||28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||f|or the Year|Ended 31 March|20|23||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2023|2022| |||||||Unrestricted||Restricted|Total|Total| |||||||funds||funds|funds|funds| ||||||Notes|6||6|6|6| |Income and endowments|||from|||||||| |Charitable
activities||||||||||| |Supported
living||||||14,030,604|||14,030,604|12,194,715| |Expenditure
on||||||||||| |Charitable
activities||||||||||| |Supported
living||||||13,846,813|||13846 813|11.949080| |NET INCOME||||||183,791|||183,791|245,635| |Other recognised|gains/(losses)|||||||||| |Gains/(losses)
on revaluation|||offixed assets|||(131,293)|||(131,293)|| |Actuarial
gains/(losses)
schemes||on defined||benefit||~207 tltltl|3||~207 0007|~50tltltli| |Net movement
in|funds|||||(154,502)|||(154,502)|195,635| |Reconciliation
of|funds|||||||||| |Total funds
brought|forward|||||529,402||166,880|696,282|500,647| |Total funds carried forward||||||374 900||166880|541 780|696282| ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |||Notes|funds
f.|funds
E|funds
f.|fundsf| |Fixed assets||||||| |Tangible assets||8|497,235||497,235|639,119| |Current assets||||||| |Debtors||9|648,001||648,001|1,040,438| |Cash at bank|||94509|66.880|66 389|9
8| ||||1,142,510|166,880|1,309,390|1,237,866| |Creditors||||||| |Amounts
falling due within|one year|10|(745,437)||(745,437)|(668,708)| |Net current assets|||397,073|166,880|563,953|569,158| |Total assets less current|liabilities||894,308|166,880|1,061,188|1,208,277| |Creditors||||||| |Amounts
falling due afier|more than one year|11|(31,408)||(31,408)|(52,995)| |Provisions
for liabilities||14|(488,000)||(488,000)|(459,000)| |NET ASSETS/(LIABILITIES)|||3
900|66880|80|696 8| |Funds||15||||| |Unrestricted
funds|||||374,900|529,402| |Restricted
funds|||||166880|166880| |Total funds|||||5412811|696282| ## |||||Cash Flow Statement||| |---|---|---|---|---|---|---| ||||for the|Year Ended 31 March|2023|| ||||||2023|2022| ||||Notes||E|8| |Cash flows from operating|activities|||||| |Cash generated
from operations
Interest paid
Net cash provided
by operating
activities|||||500,580
~6692
493888|46,162
~4,376)
41 786| |Cash flows from investing|activities|||||| |Purchase
of tangible
fixed assets|||||(5,495)|| |Sale of tangible
fixed assets|||||6 570|| |Net cash provided
by investing
activities|||||1 075|| |Cash flows from financing
activities
Loan repayments
in year
Net cash used in financing
activities|||||31 002
31 002|~39821)
~39821)| |Change
In cash and cash|equivalents|in||||| |the reporting
period|||||463,961|1,965| |Cash and cash equivalents|at the|||||| |beginning
ofthe reporting|period||||197,428|195,463| |Cash and cash equivalents|at the end|of||||| |the reporting
period|||||661,389|197,428| ## ## |Reconcffiatl|on
of n|et Inco|me|to net cash flow from operati|ng
activities||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||||E|6| |Net Income|for the|reporting||period (as per the Statement|of Financial||| |Activities)||||||183,791|245,635| |Adjustments|for:||||||| |Depreciation|charges|||||14,157|17,374| |Profit on disposal of||fixed assets||||(4,643)|| |Interest
paid||||||6,692|4,376| |Decrease/(increase)||in debtors||||392,437|(150,911)| |Increase
in creditors
Difference between||pension|charge and cash contributions|||86,146
~128,000i|89,688
~160,~1102| |Net cash provided||by operations||||500580|46162| |Analysis ofchanges|In net funds|||| |---|---|---|---|---| |||At 1.4.22|Cash flow|At 31.3.23| |||||6| |Net cash||||| |Cash at bank||197428|463 961|661 389| |||197428|463 961|661 389| |Debt||||| |Debts falling due within
Debts falling due after|1 year
1 year|(36,587)
~52995)
~89,582)|9,417
~21 587
31,004|(27, 170)
~31408)
~58,578)| |Total||107846|494 965|602 811| ## ## ## ## |Freehold|property|1.5% on cost| |---|---|---| |Fixtures|and fittings|15%on cost| |Motor vehicles||20% on cost| ## ## ## ## ## ## ## ## ## |||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---| ||||||Activity||||6| |SSDDcharges|||||Supported|living||619,161|562,573| |ILF|||||Supported|living|||(4,380)| |Housing
benefit|||||Supported|living||1,994,314|1,821,394| |Swansea|Community||Care||Supported|living||5,015,900|4,031,070| |NPT Community||Care|||Supported|living||4,224,230|3,772,781| |Swansea|Bay UHB||||Supported|living||1,375,403|1,117,564| |Covid-19|grants|and additional|||||||| |income|||||Supported|living||613,851|784,548| |Sundry
income|||||Supported|living||187745|109165| |||||||||140306114|12194715| |Charitable
activities|||costs||||||| |||||||||Support|| ||||||||Direct|costs (see|| ||||||||Costs|note 4)|Totals| ||||||||E||| |Supported|living||||||12 165932|1 680 881|13846 813| |Support|costs||||||||| |||||||||Governance|| ||||||||Management
0|costs
f|Totals| |Supported|living||||||1 845358|35 523|1 680881| |Net income/(expenditure)|||||||||| |Net income/(expenditure)||||is stated|after charging/(crediting):||||| |||||||||2023|2022| |Auditors'|remuneration|||||||35,523|13,200| |Depreciation
—owned|||assets|||||14,159|17,374| |Surplus
on disposal offixed assets||||||||(4,643)|| |Loan interest|||||||||4 376| ## ## ## ## |Staff costs|||||for|the|Yea|r Ended|31|March|20|23|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||2023||2022| ||||||||||||||||E||E.| |Wages and salaries||||||||||||||10,407,585||8,955,402|| |Social security costs|||||||||||||||865,573||666,323| |Other pension costs|||||||||||||||127271||283,906| |||||||||||||||11400429||9|905631| |The average
monthly||number||of|employees|during||the year was||as follows:|||||||| ||||||||||||||||2023||2022| |Operational
staff|||||||||||||||391||368| |Administrative
staff|||||||||||||||13||34| ||||||||||||||||404||402| |The number
ofemployees|||whose||employee|benefits (excluding||||employer||pension|costs) exceeded E60,000 was:||||| ||||||||||||||||2023||2022| |E60,001 —E70,000|||||||||||||||1||| |During
the year, Community||||Lives Consortium|||paid key management||||gross salaries|||totalling|E138,440|(2022:|f131,586).| |Key management|are|considered|||to be 2 individuals|||during|the|year (2 in||prior year)||who directly
impact||upon the strategic|| |direction
ofthe charity.|||||||||||||||||| |Tangible fixed assets|||||||||||||||||| |||||||||||||Fixtures|||||| ||||||||||Freehold|||and|||Motor||| ||||||||||property|||Rttings|||vehicles||Totals| |||||||||||E|||E||E||E| |Cost or valuation|||||||||||||||||| |At 1 April 2022|||||||||708,607|||9398|||43,671||761,676| |Additions|||||||||||||||5,495||5,495| |Disposals
Revaluations
At 31 March 2023||||||||~186,228)
522,379||||9398|||(35,147)
14,019|(35,147)
~186228)
~545 796|| |Depreciation|||||||||||||||||| |At 1 April 2022|||||||||76,101|||9398|||37,058||122,557| |Charge for year|||||||||10,721||||||3,438||14,159| |Eliminated
on disposal
Revaluation
adjustments||||||||~54,935)|||||||(33,220)|(33,220)
~54 935)|| |At 31 March 2023|||||||||31,887|||9398|||7,276||48 561| |Net book value|||||||||||||||||| |At 31 March 2023|||||||||490|492|||||6743||497 235| |At 31 March 2022|||||||||632|506|||||6613||639 119| ## ## ## ## ## ||||||||Fixtures||| |---|---|---|---|---|---|---|---|---|---| |||||||Freehold|and|Motor|| |||||||property|Rttings|vehicles|Totals| |||||||E|||| |Valuation
Valuation|in 2022
in 2023|||||708,607
~186,228)|9398|14,019|732,024
~186228)| |||||||522 379|9398|14019|545 796| |Debtors:|amounts|falling||due|within one year||||| |||||||||2023|2022| |||||||||6|| |Trade debtors||||||||326,007|969,445| |Other debtors||||||||321 994|70,993| |||||||||848 1101|I 040438| |Creditors: amounts|||falling due within one year||||||| |||||||||2023|2022| ||||||||||6| |Bank loans and overdrafls||||(see|note 12)|||27,170|36,587| |Trade creditors||||||||83,506|51,133| |Social security
and||other taxes||||||219,773|218,936| |Other creditors||||||||311,231|342,018| |Accrued|expenses|||||||103757|20,034| |||||||||745437|668 708| |Deferred|income brought
forward|||||||259,976|249,255| |Amounts|released|to incoming|||resources|||(259,976)|(249,255)| |Amounts|deferred|in|year|||||229188|259796| |Deferred|income carried forward|||||||229188|259976| ## ## ## |Creditors|: amounts
falling|||due after mo|re than one ye|ar||| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| ||||||||E|f.| |Bank loans (see note 12)|||||||31 408|52 995| |Loans||||||||| |An analysis
of the maturity||of||loans is given below:||||| ||||||||2023|2022| ||||||||E|E| |Amounts|falling due within one year on demand:|||||||| |Bankloans|||||||27 170|36587| |Amounts
falling between one
Bank bans
—1-2years||||and two years:|||~13 987|24433| |Amounts|falling due between|||two and five|years:|||| |Bank loans
—2-5 years|||||||17421|28 562| |Secured|debts|||||||| |The following
secured debts|||are included||within creditors:|||| ||||||||2023|2022| ||||||||E|f.| |Bank bans|||||||~58 578|89582| |The bank|loans are secured||on the assets||of Community|Lives Consortium||| |Provisions for liabilities||||||||| ||||||||2023|2022| ||||||||E|E| |Pension|Deficit Liability||||||488 000|459 000| ||||||||2023|2022| ||||f|||||| |Balance|brought
forward||||||459,000|569,000| |Amounts
Amounts|provided
in the year
released
in the year||||||29,000|~404 tltltli| |Balance|carried forward||||||488000|408000| ## ## ## ## ## |Movement
ln|funds|||||||| |---|---|---|---|---|---|---|---|---| ||||||||Nst|| ||||||||movement|At| |||||||At 1.4.22|in funds|31.3.23| |||||||6|6|f.| |Unrestricted|funds|||||||| |General
fund||||||(322,982)|(23,209)|(346,191)| |SelfAssurance||||||99,964||99,964| |CLC Assistive|Technology|||||734,664||734,664| |R&R Reserve||||||17,756||17,756| |Revaluation
Reserve|||||||~131293)|~131293)| |||||||529,402|(154,502)|374,900| |Restricted funds||||||||| |Intensive
Support||||||101,863||101,863| |Local Authority||||||32,642||32,642| |Ysgol Street Development||||||32,375||32 375| |||||||166880||166,880| |TOTAL FUNDS||||||696282|~154502)|541 780| |Nel moveinenl|in I'unde,|included||in Ihe above|are as follows.|||| ||||||Incoming|Resources|Gains and|Movement| ||||||resources|expended|losses|in funds| |||||||6|6|6| |Unrestricted|funds|||||||| |General
fund
Revaluation
Reserve
TOTAL FUNDS|||||14,030,604
14030604
14030 604|(13,846813)
~)3846813)
~)3 846 813|(207,000)
~)3)293
~338293)
~338293|(23,209)
~)31293)
~)54502)
154502| |Comparatives|for movement||in|funds||||| ||||||||Net|| ||||||||movement|At| |||||||At 1.4.21|in funds|31.3.22| |||||||F|E|| |Unrestricted|funds|||||||| |General
fund||||||(518,617)|195,635|(322,982)| |SelfAssurance||||||99,964||99,964| |CLC Assistive|Technology|||||734,664||734,664| |R&R Reserve||||||17,756||17,756| |||||||333,767|195,635|529,402| |Restricted funds||||||||| |Intensive
Support||||||101,863||101,863| |Local Authority||||||32,642||32,642| |Ysgol Street Development||||||32,375||32,375| |||||||166,880||166,880| |TOTAL FUNDS||||||~500647|~195635|~696282| ## ## ## |Compara|tive|net movement
in funds,|included
in the above are as foll|ows:||| |---|---|---|---|---|---|---| ||||Incoming
resources|Resources
expended|Gains and
losses|Movement
in funds| ||||6|6|6|| |Unrestricted||funds||||| |General|fund||12,194,715|(11,949080)|(50,000)|195,635| |TOTAL|FUNDS||19194115|~tt 949 tl99|~559tltl|195695| ## ## ## ## ## ## ## |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| |||2023|2022| |||6 s|s| |Fair value of plan assets||3,686|5,262| |Present value of defined
benefit obligation||4,174|5,721| |Surplus/(Deficit)
in plan||(488)|(459)| |Unrecognised
surplus|||| |Defined benefit asset (liability) to|be recognised|(488)|(459)| |Reconcifiatlon
ofthe Impact of|the asset ceiling||| |||31 March 2023|| |||E 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|||| ## ## |Social housing
pension schem|e - con|e - con|e - con|tinued|tinued|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Reconcifiatlon
ofopening
and|closing|||balances||ofthe defined|||benefit obligation|||| |||||||||||31 March 2023||| |||||||||||6|s|| |Defined benefit obligation
at start of||period||||||||||5,721| |Current service cost||||||||||||| |Expenses||||||||||||6| |Interest Expense||||||||||||157| |Contributions
by plan participants||||||||||||| |Actuarial
losses (gains) due to scheme|||experience|||||||||276| |Actuarial
losses (gains) due to changes||||in demographic|||assumptions|||||(10)| |Actuarial
losses (gains due to changes|||in financial|||assumptions||||||(1,769)| |Benefits paid and expenses||||||||||||(207)| |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|||||||||||4,174| |Reconciliation
ofopening
and|closing|||balances||ofthe fair value ofplan assets||||||| |||||||||||31 March 2023
f s||| |Fair value of plan assets at start|of period|||||||||||5,262| |Interest income||||||||||||147| |Expenence
on plan assets (excluding||amounts|||included||in interest income) - gain|||||| |(loss)||||||||||||(1,710)| |Contnbutions
by the employer||||||||||||194| |Contnbutions
by plan participants||||||||||||| |Benefits paid and expenses||||||||||||(207)| |Assets acquired
in a business
combination||||||||||||| |Assets distributed
on settlements||||||||||||| |Exchange rate changes||||||||||||| |Fair value of plan assets at end of period||||||||||||3,686| |The actual
return
on the plan assets||(including|||any changes|||in share ofassets) over||the penod ended||31 March 2023 was| |(61,563,000).||||||||||||| |Defined benefit costs recognised||in|statement|||offinancial||activities - Net income and expenditure||||| |||||||||||31 March 2023||| ||||||||||||s|| |Current service cost||||||||||||| |Expenses||||||||||||6| |Net interest Expense||||||||||||10| |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||activities|||||16| |Defined benefit costs recognised||in|statement|||offinancial||activities - Actuarial||Gains/(losses)||| |||||||||||31 March 2023||| ||||||||||||s|| |Experience on plan assets (excluding||amounts|||included||in net interest cost) —gain|||||| |(loss)||||||||||||(1,710)| |Experience gains and losses arising||on|the plan liabilities||||—gain (loss)|||||(276)| ## ## |Social housing
p|ension scheme - c|ension scheme - c|ension scheme - c|ension scheme - c|ension scheme - c|ension scheme - c|o|ntinued|ntinued|ntinued||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Effects ofchanges|in the demographic|||||||assumptions|||underlying||the present value|||||||| |ofthe defined
benefit||obligation|||—gain||(loss)|||||||||||10||| |Effects ofchanges|in the financial|||||assumptions||||underlying||the|present||value|of the||||| |defined
benefit obligation|||—gain||(loss)|||||||||||||1,769||| |Total actuarial
gains||and losses|||(before|||restriction|||due to|some|of|the|surplus|not||||| |being recongisable)||—gain|(loss)|||||||||||||||(207)||| |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)|||||||||||(207)||| |Assets||||||||||||||||||||| ||||||||||||||||||31 March|||| ||||||||||||||||||2023|31|March 2022|| ||||||||||||||||||L s|||6 s| |Global Equity|||||||||||||||||69|||1.010| |Absolute
Return|||||||||||||||||40|||211| |Distressed
Opportunities|||||||||||||||||112|||188| |Credit Relative Value|||||||||||||||||139|||175| |Alternative
Risk Premia|||||||||||||||||7|||174| |Fund of Hedge Funds||||||||||||||||||||| |Emerging
Markets|Debt||||||||||||||||20|||153| |Risk Sharing|||||||||||||||||271|||173| |Insurance
Linked Secunties|||||||||||||||||93|||123| |Property|||||||||||||||||159|||142| |Infrastructure|||||||||||||||||421|||375| |Private Debt|||||||||||||||||164|||135| |Opportunistic
squid|Credit||||||||||||||||158|||177| |High Yield|||||||||||||||||13|||45| |Opportunistic
Credit||||||||||||||||||||19| |Cash|||||||||||||||||27|||18| |Corporate
Bond Fund||||||||||||||||||||351| |Liquid Credit||||||||||||||||||||| |Long Lease Property|||||||||||||||||111|||135| |Secured Income|||||||||||||||||169|||196| |Liability Driven
Investment|||||||||||||||||1,697|||1,468| |Currency
Hedging|||||||||||||||||7|||(21)| |Net Current Assets|||||||||||||||||9|||15| |Total assets|||||||||||||||||3,686|||5,262| |None of the fair values|||of|the||assets||shown||above
include|||any||direct|investments|in the employer's||own|financial| |instruments
or any|property|||occupied|||by, or||other assets|||used|by,|the|employer.|||||| |Key Assumptions||||||||||||||||||||| ||||||||||||||||||31 March 2023|31|March 2022|| ||||||||||||||||||%per annum|%per||annum| |Discount rate|||||||||||||||||5.18|||2.79| |Inflation (RPI)|||||||||||||||||2.80|||3.26| |Inflation (CPI)|||||||||||||||||2.34|||2.74| |Salary Growth|||||||||||||||||3.00|||2.00| |||||||||||||||||||||75% of| |||||||||||||||||75%of maximum|||maximum|| |Allowance
for commutation||||of pension|||for cash|||at|retirement||||||allowance||allowance|| ## ## |||||Life| |---|---|---|---|---| ||||expectancy|at| ||||age 65|| ||||Years|| |Mals retiring|in|2023||21.0| |Female retiring||in 2023||23.7| |Mals retiring|in|2043||22.2| |Female retiring||in 2043||24.9|