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