## ## ||||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| ## ## ##