2023-08-31-accounts - Cyfle Building Skills Limited

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		Page
Report ofthe Trustees	1	to	3
Report ofthe Independent Auditors	4	to	6
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement		10
Notes to the Financial Statements	11	to	16

			FO	R THE YEAR E	NDED 31 AUGUST	2023
							2023	2022
					Unrestricted	Restricted	Total	Total
				Notes	fundsf	fundsf	fundsf	fundsf
INCOME AND ENDOWMENTS			FROM
Donations	and legacies				695,347		695,347	522,519
Charitable	activities
Chanlable	acuwues				1,588,535		1,588,535	1,366,842
Total					2,283,882		2,283,882	1,889,361
EXPENDITURE ON
Charitable	activities			4
Charitable	activities				2242 36		224236	162 3 3
NET INCOME					41,515		41,515	261,982
RECONCILIATION		OF FUNDS
Total funds	brought	forward			575,040		575,040	313,058
TOTAL FUNDS CARRIED FORWARD					616555		616555	515040

				2023	2022
		Unrestricted	Restricted	Total	Total
	Notes	funds 6	fundsf	funds	fundsf
FIXEDASSETS
Tangible assets	10	13,437		13,437	19,473
CURRENT ASSETS
Debtors Cash at bank	11	144,991 ~531393		144,991 531 393	73,171 ~534304
		676,384		676,384	607,475
CREDITORS
Amounts falling due within one year	12	(73,266)		(73,266)	(51,908)
NET CURRENT ASSETS		603,118		603,118	555,567
TOTAL ASSETS LESSCURRENT LIABILITIES		616,555		616,555	575,040
NET ASSETS		616555		616555	575040
FUNDS	13
Unrestricted funds				616,555	575,040
TOTAL FUNDS				~616555	~575040

		CASH FLOW ST FOR THE YEAR ENDED	ATEMENT 31 AUGUST 2023
			2023	2022
		Notes		f
Cash flows from operating	activities
Cash generated from operations		1	2 911	231 038
Net cash (used in)/provided	by operating	activities	2 911	231 038
Cash flows from investing activities Purchase of tangible fixed assets Net cash provided by/(used ln) investing		activities		~13149) ~13149)
Change In cash and cash	equivalents	in
the reporting period			(2,911)	217,889
Cash and cash equivalents	at the
beginning ofthe reporting	period		534,304	316,415
Cash and cash equivalents	at the end	of
the reporting period			531,393	534,304

						2023	2022
						6	f
Net Income	for the reporting		period (as per the Statement	of Financial
Activities)						41,515	261,982
Adjustments	for:
Depreciation	charges					6,036	3,297
Increase in debtors						(71,820)	(40,952)
Increase in creditors Net cash (used In)/provided			by operations			21,358 ~2911)	6,711 231 038
ANALYSIS OF CHANGES		IN	NET FUNDS
					At 1.922 6	Cash flowf	At 31.8.23 f
Net cash Cash at bank Total					534304 534 304 ~534304	~291t) ~2911) ~2911)	531 393 531 393 ~531 393

						2023	2022
Contnbutions						~695347	~522 519
INCOME FROM	CHARITABLE			ACTIVITIES
						2023	2022
				Activity		6
Other income				Charitable	activities	175,234	229,021
On Site Hub				Charitable	activities	459,508	413,837
Employer Network				Charitable	activities	394,358	22,975
Grants				Charitable	activities	559,435	701,009
						1 588535	1 366882
Grants received,	included		in the	above, are as	follows:
						2023	2022
							6
CITB Grant						293,752	351,357
YRP Grant						9,933	64,040
Other Grants						22,500
Furlough Claims							4,863
Welsh Government		—Consortium				161,250	280,749
Welsh Government		—FE	Work Expenence			72 000
						~559435	~701 009

					Support
				Direct	costs (see
				Costs f	note 5) f	Totals f
Charitable	activities			1616630	625737	2242367
SUPPORT		COSTS
				Managementf	Financef	Totals f
Charitable	activities			615725	10012	625 737
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
					2023f	2022 f
Depreciatio	n	—owned assets			6036	3297

STAFF COSTS
					2023f	2022 f
Wages and salaries					1,468,545	1,254,385
Other pension costs					40,023	26,975
					1 508568	1 281 360
Total cost in relation	to Key Management	Personnel		during	the year was f64,967(2022:f57,478).
The average monthly	number ofemployees		during	the year	was as follows:
					2023	2022
Employees					102	97

COMPARATIVES F	OR	THE ST	ATEMENT OF FINANCIAL ACTIVI	TIES
				Unrestricted	Restricted	Total
				fundsf	fundsf	fundsf
INCOME AND ENDOWMENTS			FROM
Donations and legacies				522,519		522,519
Charitable activities
Charitable activities				1,366,842		1 366642
Total				1,889,361		1,889,361
EXPENDITURE ON
Charitable activities
Chantable activities				1,627,379		1,627,379
NET INCOME				261,982		261,982
RECONCILIATION	OF	FUNDS
Total funds brought	forward			313,058		313,058
TOTAL FUNDS CARRIED FORWARD				575040		575 0411
TANGIBLE FIXEDASSETS
				Motor	Computer
				vehicles	equipmentf	Totals f
COST
At 1 September 2022 and 31 August 2023				24 144	5293	29437
DEPRECIATION
At 1 September 2022				4,671	5,293	9,964
Charge for year				6036		6036
At 31 August 2023				10707	5293	16000
NET BOOK VALUE
At 31 August 2023				~13437		~13437
At 31 August 2022				19473		19473
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
Other debtors					2023f 144991	2022f ~73 171

											2023f	2022 f
Social security		and other		taxes							11,189	9,883
Other creditors											6,726	5,054
Accrued expenses											55 351	36,971
											73266	51 908
MOVEMENT		IN FUNDS
										Net	Transfers
										movement	between	At
									At 1.9.22	in fundsf	funds	31823
Unrestricted		funds
General fund									430,040	41 515	(25,000)	446,555
Designated	closure costs								70,000		10,000	80,000
Designated	Fund		—Reduction			in future
funding									75000		15000	90000
									575040	41,515		616555
TOTAL FUNDS									~575 040	41 515		~616555
Net movement		in	funds,	included			in the above		are as follows.
										Incoming	Resources	Movement
										resourcesf	expendedf	irl lurlds f
Unrestricted		funds
General fund										2,283,882	(2,242,367)	41,515
TOTAL FUNDS
Comparatives		for movement				in funds
										Net	Transfers
										movement	between	At
									At 1.9.21f	in fundsf	fundsf	31.8.22f
Unrestricted		funds
General fund									273,058	261 982	(105,000)	430,040
Designated	closure costs								40,000		30,000	70,000
Designated	Fund		- Reduction			in future
funding											75,000	75,000
									313,058	261,982		575,040
TOTAL FUNDS									~313058	261 982		~575 040
Comparative	net movement				in	funds,		included	in the above are as follows:
										Incoming	Resources	Movsmsnt
										resources	expendedf	in funds f
Unrestricted		funds
General fund TOTAL FUNDS										1,889,361 88936	(1,627,379) ~63 Bi	261,982 6 96