| Page | ||||
|---|---|---|---|---|
| Chair's Report | ||||
| Report ofthe Trustees | 2 | to | 7 | |
| Independent Examiner's |
Report | |||
| Statement of Financial | Activities | |||
| Balance Sheet | 10 | |||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | 12 | ||
| Notes tothe Financial Statements | 13 | ta | 21 | |
| Detailed Statement of Financial Activities | 22 | to | 23 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Notes | fundf | funds f |
funds | funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
279,483 | 254,055 | 533,538 | 418,810 | |||
| Charitable Activities |
90,098 | 90,098 | 126,698 | ||||
| Other trading activities |
28,779 | 28,779 | |||||
| Investment income |
606 | 606 | |||||
| Total | 398,966 | 254,055 | 653,021 | 545,508 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 6 | 99,313 | 13,750 | 113,063 | 53,148 | ||
| Charitable activities |
7 | 307,654 | 179,919 | 487,573 | 410,680 | ||
| Total | 406,967 | 193,669 | 600,636 | 463,828 | |||
| NET INCOME/(EXPENDITURE) | (8,001) | 60,386 | 52,385 | 81,680 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 361,446 | 14,865 | 376,311 | 294,631 | ||
| TOTAL FUNDS CARRIED FORWARD | 353,445 | 75251 | 426,636 | 376 311 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Intangible assets |
12 | 44,725 | 44,725 | 32,400 | |
| Tangible assets | 13 | 4,100 | 4,100 | 3,883 | |
| 48,825 | 48,825 | 36,283 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 98,274 | 98,274 | 12,258 | |
| Cash at bank | 262,305 | 75,251 | 337,556 | 341,069 | |
| 360,579 | 75,251 | 435,830 | 353,327 | ||
| CREDn ORS | |||||
| Amounts falling due within one year |
15 | (55,959) | (55,959) | (13,299) | |
| NET CURRENT ASSETS | 304,620 | 75,251 | 379,871 | 340,028 | |
| TOTAL ASSETS LESSCURRENT | |||||
| LIABILITIES | 353,445 | 75,251 | 428,696 | 376,311 | |
| NET ASSETS | 353,445 | 75251 | 428,686 | 376,31'I | |
| FUNDS | 16 | ||||
| Unrestricted funds |
353,445 | 361,446 | |||
| Restdcted funds | 75,251 | 14,865 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | f | F | |||
| Cash flows from | operating | activities | |||
| Cash generated from operations |
12,083 | 76,718 | |||
| Net cash provided | by operating activities |
12,083 | 76,718 | ||
| Cash flows from | investing | activities | |||
| Purchase of intangible fixed |
assets | (14,500) | (36,000) | ||
| Purchase oftangible fixed assets |
(1,702) | (2,852) | |||
| interest received | 606 | ||||
| Net cash used in |
investing activities |
~15598) | ~38,852) | ||
| Change in cash |
and cash | equivalents | |||
| in the reporbng | period | (3,513) | 37,866 | ||
| Cash and cash equivalents | at the | ||||
| beginning ofthe |
reporting | period | 341,069 | 303,203 | |
| Cash and cash equivalents | at the end | ||||
| ofthe reporting | period | 337,556 | 341,069 |
| RECONCILIAT/ON | RECONCILIAT/ON | OF NET INCOME TO NET CASH | OF NET INCOME TO NET CASH | OF NET INCOME TO NET CASH | FLOW FROM OPERATING | FLOW FROM OPERATING | ||
|---|---|---|---|---|---|---|---|---|
| ACTIVITIES | ||||||||
| 2022 | 2021 | |||||||
| Net income | forthe | reporting | period (as per the Statement of | |||||
| Financial Activities) | 52,385 | 81,680 | ||||||
| Adjustments | for: | |||||||
| Depreciation | charges | 3,660 | 4,612 | |||||
| Interest rece | ived | (606) | ||||||
| (Increase)/decrease | in debtors | (86,016) | (11,938) | |||||
| (Decrease)/increase | in creditors | 42,660 | 2,364 | |||||
| Net cash provided | by operations | 12,083 | 76,716 | |||||
| 2, | ANALYSIS OF CHANGES | IN NET FUNDS | ||||||
| At 1.9.21 | Cash flow | At 31.8.22 | ||||||
| Net cash | ||||||||
| Cash at bank | 341,069 | ~3,513) | 337,556 | |||||
| 341 666 | ~3,513) | 337,556 | ||||||
| Total | 341,069 | ~3,513) | 337,556 |
| between costs: |
cost of raising funds and exp |
enditure on charitable activities |
in the same proport |
ion as staff |
|---|---|---|---|---|
| 2022 | 202'I | 2020 | ||
| Raising Funds | 20% | 12% | ||
| Charitable | Activities | 80% | 88% | 83% |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| Corporate | donations | 135,746 | 15,432 | 151,178 | 96,763 |
| Donations | from individuals | 82,592 | 82,592 | 52,618 | |
| Donations | from schools | 13,145 | 13,145 | 2,328 | |
| Grants | 38,000 | 238,623 | 276,623 | 250,301 | |
| Gifts in kind | 10,000 | 10,000 | 16,800 | ||
| 279,483 | 254,055 | 533,538 | 418,810 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| School talks | 31,401 | 7,910 | |
| Corporate Partnerships | 43,833 | 105,492 | |
| Pride Groups | 14,864 | 13,296 | |
| 90,098 | 126,698 | ||
| 4. | OTHER TRADING ACTIVITIES | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| Sponsorships | 23,400 | ||
| Rainbow Ribbons | 3,958 | ||
| Founders Circle Membership |
1,421 | ||
| 28,779 | |||
| 5. | INVESTMENT INCOME | ||
| 2022 | 2021 | ||
| Deposit account interest | 606 |
| Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||||
| Staff costs | 67,009 | 13,750 | 80,759 | 41,263 | |||||
| Fundrai sing | 7,170 | 7,170 | 3,335 | ||||||
| Other costs | 746 | 746 | 495 | ||||||
| Support costs (see note 7) | 24,388 | 24 388 | 8 055 | ||||||
| 99,313 | 13,750 | 113,063 | 53,348 | ||||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||||
| Support costs | |||||||||
| Direct costs | (see note 8) | Total | |||||||
| 2022 | |||||||||
| Promotion | of | equality | and | diversity | 390,022 | 97,551 | 487,573 | ||
| Support | |||||||||
| Direct costs | (see note 8) | Total | |||||||
| 2021 | |||||||||
| Promotion | of | equality | and | diversity | 355,169 | 55,511 | 410,680 | ||
| 8. | SUPPORT | COSTS | |||||||
| Total | Total | ||||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| Office and | admin costs | 21,804 | 16,561 | ||||||
| Professional | services | 29,019 | 26,120 | ||||||
| Computer | and website | 8,383 | 5,347 | ||||||
| Insurance | 1,300 | 1,267 | |||||||
| Irrecoverable | VAT | $8,987 | |||||||
| Bank charges | 442 | 637 | |||||||
| Rent | 25,561 | ||||||||
| Amortisation | ofwebsite | 2,175 | 3,600 | ||||||
| Depreciation | ofcomputer | equipment | 1,485 | 1,012 | |||||
| Accountancy | fees | 12,783 | 9,022 | ||||||
| 121,939 | 63,566 |
| STAFF COSTS | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Wages and salaries | 362,744 | 312,698 | |||||
| Social security costs | 33,842 | 28,021 | |||||
| Pension costs | 14,998 | 15,115 | |||||
| 411,584 | 355,834 | ||||||
| The average monthly |
number | of | employees | during the year was as follows: | |||
| 2022 | 2021 | ||||||
| Programme and admin staff |
11 | 9 | |||||
| 1 (2021:NIL) employee | received | emoluments | of more than 860,000 during the year which is broken | ||||
| down as: | |||||||
| 2022 | 2021 | ||||||
| F60,000 -F69,999 | 1 | ||||||
| COMPARATIVES FOR | THE | STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||||
| fund | funds | funds | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
289,848 | 128,962 | 418,810 | ||||
| Charitable activities |
126,698 | 126,698 | |||||
| Total | 416,546 | 128,962 | 545,508 | ||||
| EXPENDITURE ON | |||||||
| Raising funds | 38,148 | 15,000 | 53,148 | ||||
| Charitable activities |
|||||||
| General | 292,697 | 117,983 | 410,680 | ||||
| Total | 330,845 | 132,983 | 463,828 | ||||
| NET INCOME/(EXPENDITURE) | 85,701 | (4,021) | 81,680 | ||||
| RECONCILIATION | OF | FUNDS | |||||
| Total funds brought | forward | 275,745 | 18,886 | 294,631 | |||
| TOTAL FUNDS CARRIED FORWARD | 361 446 | 14,865 | 376,311 |
| 12. | INTANGIBLE FIXEDASSETS | INTANGIBLE FIXEDASSETS | |
|---|---|---|---|
| Website | |||
| COST | |||
| At 1 September 2021 | 36,000 | ||
| Additions | 14,500 | ||
| At 31 August 2022 | 50,500 | ||
| AMORTISATION | |||
| At 1 September 2021 | 3,600 | ||
| Charge for year | 2,175 | ||
| At 31 August 2022 | 5,775 | ||
| NET BOOK VALUE | |||
| At 31 August 2022 | 44,725 | ||
| At 31 August 2021 | 32,400 | ||
| 13. | TANGIBLE FIXEDASSETS | ||
| Computer | |||
| equipment | |||
| COST | |||
| At 1 September 2021 | 5,056 | ||
| Additions | 1,702 | ||
| At 31 August 2022 | 6,758 | ||
| DEPRECIATION | |||
| Al I Sept~~ A \J2 |
I | 1 /3 | |
| Charge for year | 1,485 | ||
| At 31 August 2022 | 2,658 | ||
| NET BOOKVALUE | |||
| At 31 August 2022 | 4,100 | ||
| At 31 August 2021 | 3,880 |
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| Trade debtors | 72,601 | 12,258 | ||||
| Other debtors | 4,987 | |||||
| Prepayments and accrued |
income | 20,686 | ||||
| 98,274 | 12,258 | |||||
| 15. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| P | ||||||
| Trade creditors | 4,257 | 5,400 | ||||
| Taxation and social security | 2,008 | 187 | ||||
| Other creditors | 49,694 | 7,7'l2 | ||||
| 55,959 | 13,299 | |||||
| 'I6. | MOVEMENT IN FUNDS |
|||||
| Net | ||||||
| movement | At | |||||
| At 1.9.21 | in funds | 31.8.22 | ||||
| F | ||||||
| Unrestricted funds |
||||||
| General fund |
361,446 | (8,001) | 353,445 | |||
| Restricted funds | ||||||
| National Lottery Community |
Fund | 2,782 | (2,782) | |||
| Paul Hamlyn Foundation |
10,000 | 10,000 | ||||
| Wellington Management |
UK | 2,083 | 359 | 2,442 | ||
| Nicholas Berwin Trust |
1.250 | 1,250 | ||||
| Awards for All Wales | 10,000 | 10,000 | ||||
| Esmee Fairbairn Foundation |
21,983 | 21,983 | ||||
| JP Morgan Chase | 24,018 | 24,018 | ||||
| Tides Foundation | 5,558 | 5,558 | ||||
| 14,865 | 60,386 | 75,251 | ||||
| TOTAL FUNDS | 376,311 | 52,385 | 428,696 |
| MOVEMENT IN FUNDS |
MOVEMENT IN FUNDS |
- continu | - continu | - continu | ed | |||
|---|---|---|---|---|---|---|---|---|
| Net movement in funds, |
included | in the above are as follows; | ||||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| E | E | |||||||
| Unrestricted funds |
||||||||
| General fund | 398,966 | (406,967) | (8,00'I) | |||||
| Restricted funds | ||||||||
| National Lottery Community |
Fund | 16,174 | (18,956) | (2,782) | ||||
| Deloitte | 15,432 | (15,432) | ||||||
| Paul Hamlyn Foundation |
30,000 | (30,000) | ||||||
| Paul Cottingham Trust |
7,500 | (7,500) | ||||||
| Wellington Management |
UK | 35,000 | (34,641) | 359 | ||||
| Nicholas Berwin Trust |
15,000 | (13,750) | 1,250 | |||||
| Awards for All Wales | 10,000 | 10,000 | ||||||
| Esmee Fairbairn Foundation |
40,000 | (18,017) | 21,983 | |||||
| JP Morgan Chase Tides Foundation |
73,832 11,117 |
(49,814) ~5.559) |
24,018 5,558 |
|||||
| 254,055 | (193,669) | 60,386 | ||||||
| TOTAL FUNDS | 653,021 | ~600,636) | 52,385 | |||||
| Comparatives for movement |
in | funds | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.9.20 | in funds | 31.8.21 | ||||||
| Unrestricted funds |
||||||||
| General fund |
275,745 | 85,701 | 361,446 | |||||
| Restricted funds | ||||||||
| Blackrock | 8,886 | (8,886) | ||||||
| Marsh Ambassador | Programme | 5,000 | (5,000) | |||||
| CAST | 5,000 | (5,000) | ||||||
| Weliington Management |
UK | 2,083 | 2,083 | |||||
| Paul Hamlyn Foundation |
10,000 | 10,000 | ||||||
| National Lottery Community |
Fund | 2,782 | 2,782 | |||||
| 18,886 | ~4,021) | 14,865 | ||||||
| TOTAL FUNDS | 294,63'l | 81,680 | 376,311 |
| Comparative net mo |
veme | nt |
in funds, included in |
the above are as follows: | ||
|---|---|---|---|---|---|---|
| incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| E | ||||||
| Unrestricted funds |
||||||
| General fund | 416,546 | (330,845) | 85,701 | |||
| Restricted funds | ||||||
| Blackrock | (8,886) | (8,886) | ||||
| Marsh Ambassador | Programme | (5,000) | (5,000) | |||
| CAST | (5,000) | (5,000) | ||||
| Wellington Management |
UK | 25,000 | (22,917) | 2,083 | ||
| Paul Hamlyn Foundation |
30,000 | (20,000) | 10,000 | |||
| Nicholas Berwin Trust |
15,000 | (15,000) | ||||
| National Lottery Community |
Fund | 44,119 | (41,337) | 2,782 | ||
| LGBT+ Consortium Catalyst |
NET | Fund | 9,798 5,045 |
(9,798) ~5.045) |
||
| 128,962 | 132,983 | ~4,021) | ||||
| TOTAL FUNDS | 545,508 | (463,828) | 81,680 |
| 2022 | 2021 | |
|---|---|---|
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Corporate donations |
151,178 | 96,763 |
| Donations from individuals |
82,592 | 52,618 |
| Donations from schools |
13,145 | 2,328 |
| Grants | 276,623 | 250,301 |
| Gifts in kind | 10,000 | 16,800 |
| 533,538 | 418,810 | |
| Other trading activities | ||
| Sponsorships | 23,400 | |
| School talks | 31,401 | 7,910 |
| Corporate Partnerships |
43,833 | 105,492 |
| Pride Groups | 14,864 | 13,296 |
| Rainbow Ribbons |
3,958 | |
| Founders Circle Membership |
1,42'i | |
| 118,877 | 126,698 | |
| Investment income |
||
| Deposit account interest | ||
| Total incoming resources |
653,021 | 545,508 |
| EXPENDITURE | ||
| Raising funds | ||
| Wages | 80,759 | 41,263 |
| Fundraising | 7,170 | 3,335 |
| Bad debts | 746 | 495 |
| Allocation ofsupport costs | 24,388 | 8055 |
| 113,063 | 53,148 | |
| Charitable activities |
||
| Wages | 330,825 | 314,571 |
| Awareness campaigns |
39,659 | 3,042 |
| Travel and subsistence | 4,819 | 874 |
| Event costs | 12,744 | |
| Ambassador Programme |
1,468 | 2,138 |
| Pride Groups expenditure | 12,638 | |
| School Diversity Week expenditure | 613 | |
| Subcontracting | 5,000 | |
| Allocation ofsupport costs |
97,551 | 55,511 |
| 487,573 | 393,880 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Supportcosts | ||||
| Office and admin costs | 21,804 | 16,561 | ||
| Professional | services | 29,019 | 26,120 | |
| Computer and website |
8,383 | 5,347 | ||
| Insurance | 1,300 | 1,267 | ||
| Irrecoverable | VAT | 18,987 | ||
| Bank charges | 442 | 637 | ||
| Rent | 25,561 | |||
| Amortisation | ofwebsite | 2,175 | 3,600 | |
| Depreciation | ofcomputer | equipment | 1,485 | 1,012 |
| Allocation of | support costs | ~108,156 | ~54 644) | |
| Governance | costs | |||
| Accountancy Allocation of |
fees support costs |
'l2,783 ~12,783) |
9,022 ~S,022) |
|
| Total resources expended | 600,636 | 463,828 | ||
| Net income | 52,385 | 81,680 |