| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 12 | |
| Report ofthe Independent Auditors |
13 | to | 16 | |
| Statement ofFinancial | Activities | 17 | ||
| Balance Sheet | 18 | to | 19 | |
| Cash Flow Statement | 20 | |||
| Notes to the Cash Flow Statement | 21 | |||
| Notes to the Financial | Statements | 22 | to | 36 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds f, |
funds | fundsI | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
2 | 2,365 | 103,717 | 106,082 | 104,935 | |
| Charitable activities |
||||||
| Project delivery | 17,650 | 165,824 | 183,474 | 281,228 | ||
| Tranlulg | 19,767 | 19,767 | 22,287 | |||
| Other trading activities | 1,891 | 1,891 | 1,973 | |||
| Investment incolne |
609 | 609 | 597 | |||
| Other income | 615 | 615 | ||||
| Total | 42,897 | 269,541 | 312,438 | 411,020 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 6 | 5,172 | 5,172 | 5,095 | ||
| Charitable activities |
||||||
| Project delivery | 94,560 | 251,665 | 346,225 | 348,088 | ||
| Trslnnlg | 6,692 | 6,692 | 4,141 | |||
| Total | 106,424 | 251,665 | 358,089 | 357,324 | ||
| Net gains on investments | ||||||
| NET INCOME/(EXPENDITURE) | (63,527) | 17,876 | (45,651) | 56,693 | ||
| Transfers between funds |
19 | 160 | (160) | |||
| Net movement is funds |
(63,367) | 17,716 | (45,651) | 56,693 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | 553,524 | 15,684 | 569,208 | 512,515 | ||
| TOTAL FUNDS CARRIED FORWARD | 490,157 | 33,400 | 523,557 | 569,208 |
| Balance Sheet | |||
|---|---|---|---|
| 322dttzh 2022 | |||
| 2022 | 2021 | ||
| Notes | 8 | ||
| FIXEDASSETS | |||
| Tangible assets | 14 | 256,185 | 255,832 |
| Investments | 15 | 17,476 | 17,476 |
| 273,661 | 273,308 | ||
| CURRENT ASSETS | |||
| Debtors | 16 | 7,362 | 6,437 |
| Cash at bank and in hand | 316,003 | 342,827 | |
| 323,365 | 349,264 | ||
| CREDITORS | |||
| Amounts 1'ailing due within one year |
17 | (73,469) | (53,364) |
| NET CURRENT ASSETS | 249,896 | 295,900 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 523,557 | 569,208 | |
| NET ASSETS | 523,557 | 569,208 | |
| FUNDS | 19 | ||
| Unrestricted funds |
490,157 | 553,524 | |
| Restricted funds | 33,400 | 15,684 | |
| TOTAL FUNDS | 523,557 | 569,208 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated fiom operations |
I | (19,300) | 603 | ||
| Net cash (used in)/provided | by operating | activities | (19,300) | 603 | |
| Cash flows from iavesting | activities | ||||
| Purchase oftangible fixed assets | (8,133) | ||||
| Interest received | 609 | 597 | |||
| Net cash (used in)/provided | by investing | activities | (7,524) | 597 | |
| Change in cash and cash equivalents | in | ||||
| the reporting period |
(26,824) | 1,200 | |||
| Cash and cash equivalents | attbe | ||||
| beginning oftbe reporting | period | 342,827 | 341,627 | ||
| Cash and cash equivalents | atthe end | of | |||
| the reporting period |
316,003 | 342,827 |
| OPERATING ACTIVITI | ES | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net (expenditure)/income | for the reporting | period (as per the | ||
| Statement ofFinancial Activities) | (45,651) | 56,693 | ||
| Adjustments for: |
||||
| Depreciation charges |
7,780 | 6,834 | ||
| Losses on investments | (2,997) | |||
| Interest received | (609) | (597) | ||
| (increase)/decrease in debtom |
(925) | 15,381 | ||
| Increase/(decrease) in creditors |
20,105 | (74,711) | ||
| Net cash (used in)/provided | by operations | (19,300) | 603 |
| ANALYSIS OFCHANGES IN NET FUN | DS | ||
|---|---|---|---|
| At 1/4/21 | Cash flow | At 31/3/22 | |
| Net cash | |||
| Cash at bank and in hand | 342,827 | (26,824) | 316,003 |
| 342,827 | (26,824) | 316,003 | |
| Total | 342,827 | (26,824) | 316,003 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Donations | 2,325 | 2,237 | ||
| Grants | 103,717 | 102,645 | ||
| Grant smortisation | 53 | |||
| 106,082 | 104,935 | |||
| Grants received, included | in the above, are as follows: | |||
| 2022 | 2021 | |||
| Welsh Assembly | Government | 103,717 | 102,645 | |
| Pae23 | continueck. . |
| 3. | OTHER TRADING A | CTI | VITIES | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | |||||
| Solar electricity income | 1,891 | 1,973 | |||
| * | INVESTMENT INCOME | ||||
| 2022 | 2021 | ||||
| Deposit account interest | 609 | 597 | |||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 2022 | 2021 | ||||
| Activity | 6 | ||||
| Grants | Project delivery | 183,474 | 281,228 | ||
| Youth Achievements | |||||
| Awards | Tfaullllg | 5,360 | 5,436 | ||
| Training income |
Training | 14,407 | 16,851 | ||
| 203,241 | 303,515 | ||||
| Grants received, included | in | the above, are as follows: | |||
| 2022 | 2021 | ||||
| UK Youth | 73,438 | 32,625 | |||
| Co-op Foundation -Belong |
49,592 | 70,590 | |||
| Tudor Trust | 1,947 | ||||
| Welsh Council for Voluntary | Action | 16,088 | 17,037 | ||
| Spiritof2012 | 6,260 | ||||
| Community Foundation |
in Wales | 9,800 | |||
| MAPS - Youth Checkpoints | 35,000 | ||||
| Youth Endowment Fund |
8,333 | 44,600 | |||
| Energy Redmss | 49,849 | ||||
| Royal Society ofWildlife | 20,000 | ||||
| Anthem | 3,320 | ||||
| Qualifications Wales |
9,223 | ||||
| Royal Socierty ofChemistry | 8,000 | ||||
| Caerphilly CBC |
9,000 | ||||
| 183,474 | 281,228 |
| Raising donations | and | legacies | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Affiliation ®istration | fees | 5,172 | 5,095 | |||
| 7. | CHARITABLE ACTIVITIES COSTS | |||||
| Dimct | Support | |||||
| Costs (see | costs (see | |||||
| note 8) | note 9) | Totals | ||||
| Project delivery | 340,367 | 5,858 | 346,225 | |||
| Training | 6,097 | 595 | 6,692 | |||
| 346,464 | 6,453 | 352,917 | ||||
| 8. | DIRECT COSTS | OF | CHARITABLE ACTIVITIES | |||
| 2022 | 2021 | |||||
| Staffcosts | 236,952 | 262,646 | ||||
| Rates and water | 1,552 | 1,552 | ||||
| Insurance | 846 | 819 | ||||
| Light and heat | 858 | 1,208 | ||||
| Telephone | 5,627 | 7,059 | ||||
| Postage and stationery | 2,651 | 3,038 | ||||
| Repairs &renewals | 4,009 | 206 | ||||
| Travel | 5,760 | 150 | ||||
| General expenses | 2,445 | 865 | ||||
| Tutors fees &training materia lsetc. | 6,238 | 27,540 | ||||
| Hub grants | 52,761 | 7,535 | ||||
| Stafftraining | 2,552 | 1,246 | ||||
| Technology | 5,899 | 14,108 | ||||
| Promotion | 783 | 529 | ||||
| Project support | 4,801 | 9,038 | ||||
| HR Support | 4,950 | 2,000 | ||||
| Depreciation | 7,780 | 6,834 | ||||
| 346,464 | 346,373 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| Finance | costs | Totals | ||||
| Project delivery Tmnung |
106 11 |
5,752 584 |
5,858 595 |
|||
| 117 | 6,336 | 6,453 | ||||
| Support | costs, included | in the above, are as follows: | ||||
| Hna ace | ||||||
| 2022 | 2021 | |||||
| Project | Total | Total | ||||
| delivery | Trahlnlg | activities | activities | |||
| 6 | ||||||
| Bank charges | 106 | 11 | 117 | 96 | ||
| Governance | costs | |||||
| 2022 | 2021 | |||||
| Project | Total | Total | ||||
| delivery | Tranung | activities | actlvltles | |||
| Auditors' | remuneration | 5,752 | 584 | 6,336 | 5,760 |
| 2022 | 2021 | ||
|---|---|---|---|
| Auditors' | remuneration | 6,336 | 5,760 |
| Depreciation - owned assets | 7,780 | 6,834 |
| STAFFC | OSTS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Gross wages | 207,238 | 230,666 | ||
| Employers | National | Insurance | 17,280 | 18,140 |
| Employers | Pension | 12,434 | 13,840 | |
| 236,952 | 262,646 |
| COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| I | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations snd legacies |
2,290 | 102,645 | 104,935 |
| Charitable activities |
|||
| Project delivery | 60,205 | 221,023 | 281,228 |
| Tralrlnlg | 22487 | 22,287 | |
| Other trading activities | 1,973 | 1,973 | |
| Investment income |
597 | 597 | |
| Total | 87,352 | 323,668 | 411,020 |
| EXPENDITURE ON | |||
| Raising funds | 5,095 | 5,095 | |
| Charitable activities |
|||
| Project delivery | 5,533 | 342,555 | 348,088 |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| I | I | ||||||
| 4,141 | 4,141 | ||||||
| Total | 14,769 | 342,555 | 357,324 | ||||
| Net gains on investments | 2,997 | 2,997 | |||||
| NET INCOME/(EXPENDITURE) | 75,580 | (18,887) | 56,693 | ||||
| Transfers between |
feeds | (1,981) | 1,981 | ||||
| Net movement in |
funds | 73,599 | (16,906) | 56,693 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds bmught | forward | 479,925 | 32,590 | 512,515 | |||
| TOTAL FUNDS CARRIED FORWARD | 553,524 | 15,684 | 569,208 | ||||
| 14. | TANGIBLE FIXEDASSETS | ||||||
| Improvements | |||||||
| Freehold | to | Plant and | |||||
| property g |
property | machinery | Totals I |
||||
| COST | |||||||
| At 1 April 2021 | 315,345 | 10,999 | 40,619 | 366,963 | |||
| Additions | 8,133 | 8,133 | |||||
| At 31March 2022 | 315,345 | 10,999 | 48,752 | 375,096 | |||
| DEPRECIATION | |||||||
| At 1 April 2021 | 69,376 | 2,200 | 39,555 | 111,131 | |||
| Charge foryear | 6,307 | 220 | 1,253 | 7,780 | |||
| At 31March 2022 | 75,683 | 2,420 | 40,808 | 118,911 | |||
| NET BOOKVALUE | |||||||
| At 31March 2022 | 239,662 | 8,579 | 7,944 | 256,185 | |||
| At 31March 2021 | 245,969 | 8,799 | 1,064 | 255,832 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Unlisted | |
| investments | |
| 6 | |
| MARKET VALUE | |
| At 1 April 2021 and 31March 2022 | 17,476 |
| NET BOOKVALUE | |
| At 31March 2022 | 17,476 |
| At 31March 2021 | 17,476 |
| DEBTORS:AMOUNTS FALLING DUE WI | THIN ONE YEAR | |
|---|---|---|
| 2022 | 2021 | |
| I | ||
| Trade debtors | 6,822 | 6,279 |
| Other debtors | 107 | 7 |
| Prepayments | 433 | 151 |
| 7,362 | 6,437 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Deferred | income | 61,886 | 31363 | ||
| Accrued | expenses | 11,463 | 21,841 | ||
| Deferred | government | grants | 120 | 160 | |
| 73,469 | 53,364 | ||||
| Deferred | Income | ||||
| Balance | at 1 April | 2021 | 31,363 | ||
| Amount | released | to | Incoming Resources | (31,363) | |
| Amount | deferred | in | year | 61,886 | |
| Balance | at31March | 2022 | 61,886 |
| ANALYSIS OFNET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| 6 | ||||
| Fixed assets | 256,125 | 60 | 256,185 | 255,832 |
| Investments | 17,476 | 17,476 | 17,476 | |
| Current assets | 289,440 | 33,925 | 323,365 | 349,264 |
| Current liabilities | (72,884) | (585) | (73,469) | (53,364) |
| 490,157 | 33,400 | 523,557 | 569,208 |
| MOVEMENT IN | FUNDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/4/21 | in funds | funds | 31/3/22 | ||
| 6 | |||||
| Unrestricted funds |
|||||
| General fund | 276,547 | (53,856) | 160 | 222,851 | |
| Fixed Asset Fund | 254,768 | (6,527) | 248,241 | ||
| Youth Acheivement | Awards | 22,209 | (3,144) | 19,065 | |
| 553,524 | (63,527) | 160 | 490,157 | ||
| Restricted funds | |||||
| Clive Beck | 1,500 | 1,500 | |||
| Gwirforce | 60 | 60 | |||
| Trans*form Cymru |
Project | 6,124 | 6,124 | ||
| The BigMusic Project | 8,000 | 8,000 | |||
| Co-Op - Lonliness | Project | 416 | 416 | ||
| WCVA | 160 | (160) | |||
| Garfield Weston Grants | 300 | 300 | |||
| Royal Society ofChemistry | 8,000 | 8,000 | |||
| Caerphilly CBC | 9,000 | 9,000 | |||
| 15,684 | 17,876 | (160) | 33,400 | ||
| TOTAL FUNDS | 569,208 | (45,651) | 523,557 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expellded | in funds | ||
| Unrestricted funds |
||||
| General fund | 37,537 | (91,393) | (53,856) | |
| Fixed Asset Fund | (6,527) | (6,527) | ||
| Youth Acheivement | Awards | 5,360 | (8,504) | (3,144) |
| 42,897 | (106,424) | (63,527) | ||
| Restricted funds | ||||
| Trans*form Cymru | Project | 9,800 | (9,800) | |
| National Voluntary |
Youth Organisation | |||
| Grant | 103,717 | (103,717) | ||
| Co-Op - Lonliness Project | 49,592 | (49,176) | 416 | |
| Youth Endowment | Fund | 8,333 | (8,333) | |
| BeInternet Citizens | 7,300 | (7,300) | ||
| WCVA | 16,088 | (I5,928) | 160 | |
| Inspire | 1,488 | (1,488) | ||
| Qualifications Wales |
9,223 | (9,223) | ||
| Guardian / Pears Foundation |
46,000 | (46,000) | ||
| Garfield Weston Grants | 1,000 | (700) | 300 | |
| Royal Society ofChemistry | 8,000 | 8,000 | ||
| Caerphilly CBC | 9,000 | 9,000 | ||
| 269,541 | (251,665) | 17,876 | ||
| TOTAL FUNDS | 312,438 | (358,089) | (45,651) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/4/20 | in funds | funds | 31/3/21 | ||
| I, | 8 | ||||
| Unrestricted funds |
|||||
| General fund | 196,907 | 81,621 | (1,981) | 276,547 | |
| Fixed Asset Fund | 261,295 | (6,527) | 254,768 | ||
| Youth Acheivement | Awards | 21,723 | 486 | 22409 | |
| 479,925 | 75,580 | (1,981) | 553,524 | ||
| Restricted funds | |||||
| Clive Beck | 1,500 | 1,500 | |||
| Gwirforce | 80 | (20) | |||
| Trans*foun Cymru |
Project | 6,955 | (831) | 6,124 | |
| The BigMusic Project | 8,000 | 8,000 | |||
| Co-Op - Lonliness | Project | 14,985 | (14,985) | ||
| Spiritof2012 | 1,070 | (1,070) | |||
| Youth Endowment | Fund | (1,626) | 1,626 | ||
| Energy Redress | (110) | 110 | |||
| WCVA | (245) | 245 | |||
| 32,590 | (18,887) | 1,981 | 15,684 | ||
| TOTAL FUNDS | 512,515 | 56,693 | 569,208 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 81,916 | (3392) | 2,997 | 81,621 | |
| Fixed Asset Fund | (6,527) | (6,527) | |||
| Youth Acheivement | Awards | 5,436 | (4,950) | 486 | |
| 87352 | (14,769) | 2,997 | 75,580 | ||
| Restricted funds | |||||
| Gwirforce | (20) | (20) | |||
| Transvform Cymru |
Project | 1,947 | (2,778) | (831) | |
| National Voluntary |
Youth Organisation | ||||
| Grant | 102,645 | (102,645) | |||
| Co-Op - Lonliness | Project | 70,590 | (85,575) | (14,985) | |
| Spirit of2012 | 6,260 | (7330) | (1,070) | ||
| Youth Endowment | Fund | 44,600 | (46,226) | (1,626) | |
| Energy Redress | 49,849 | (49,959) | (110) | ||
| Royal Society ofwildlife | 20,000 | (20,000) | |||
| BeInternet Citizens | 10,740 | (10,740) | |||
| WCVA | 17,037 | (17,282) | (245) | ||
| 323,668 | (342,555) | (18,887) | |||
| TOTAL FUNDS | 411,020 | (357,324) | 2,997 | 56,693 |