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|---|---|---|---|---|
|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|
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|||||||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|
##
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|||||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|
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|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%|
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|||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||
##
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|||||||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|
##
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|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|
##
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||||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|