Charity registsation number 1172898 Company r•4l$tratlon numb•r CE009907 (England and Wale¥l BOOMERANG CARDIFF ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 BOOMERANG CARDIFF LEGAL AND ADMINISTRATIVE INFORMATION Trust••# Miss S Gwily Mr M Bricknel Miss K MicaU¢f S•nlor m*nag•m•nt Mr P G￿tyM Mr D Summers Chief eX￿ltiv￿ offwr 0￿r41k)nS manager Charlty numb•r 1172898 Company numb•r CE(#)9907 R•gl•to¥•d offlc• Unll 5 Templ8r Pat* Industrial Estats East Mcm Road Cafdrfl CF24 SEW Ind•p•nd•nt •x•mln•r HLS Accjwnllng Limited 59 Y Pia Ro•J Llsvane Cardrff CF14 OSX BOOMERANG CARDIFF CONTENTS Trust8gs' repjrt Intl¢peThJenl èxamln8fs rewt Stal6menl ol flnandal actsviti8S stal8menl of flnèndd w861 Noles to th• finanaal statements 8-17 BOOMERANG CARDIFF TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Thè Tnjstees powl annual reF*Yt 8nd Ilnancaal sIatwr￿ts for the year endèd 31 Decembw 2023. The finandal statements have b88n prepared in ￿￿dance with the accountlng out in noto 1 to the financial stattrments and comply wtth the Charitys govemino dwjmenl. thè Companies Acl 21X)6 and "A¢teunting and Reporting by Ch8ri11es: Statement of Récommended Praclicè appluble to ¢harities prep8riNJ their accounts In acrordance wlh the Fiftanoal RepNb'ng Stsndard appl￿￿11& In the UK and R¥public of Ireland IFRS 1021. leffectfvo 1 January 2019}. ObJ•ctlvM and •ctlvltl•• Boomerang Cardlff has been an ong)1Th3 tffoiect ￿nce our bncepimji In 2017. UrKlar the umbrella of our organisation, we ntr￿ have 5 key areas. . HomelessnessPrevenUon of homebe$8r*88 In Work Poverty Stxial IsolatioNLoneline55 Community EngagemenUEdl￿8Jon SportslHeath & Wellbelng Public benefft The Trust••s have pakl du• rtyard to guld8nc• 1$8uod by th• Charlty Commlsskn In d8cldlng %th4t Activllies th• Charfly shojld undertako. Homel&$$ness/Preventlon ofhomd&ssness We support thé positive move on ol homeless 18mli8tJlndlvhluaL8. Whon someone 13 glv&n th& keys lo thalr homè, most of th¢ tlma it VAII be unlumished, so we provid• a baslc essenbal fummure stsrter paek which 1$ FREE. EaL* pack contslns a bed for every bedroom, a sola. wardrobelchest ol 8 bedsidtr table. kettle. tOO$tor and a Bccfflerang s¢art•r pack that WAyJld cM$lst of plates. ￿p$. dish8s, (xoc*ory and utensms. In Woth Poverty Thi$ can bo a wo¢* of fumlture for th¢msofves or their ¢hlldr8n. Whrte goods, electsic•l itèms, clothing or any other Support they may negd. There are c¥rtain granls and available to who claim bènefits lo tsbtaln fuwnituro th8t is SiM￿Y not ¥v#ilable for anybody who is sufferiNJ Ihe hardship of 'ln work poverty,. Wh8n something break8 Il ¢an bg incredibly slre$$ful living without Ihal ilom until n¥xl payday. esptrcialty rf there 8ffj dgpendants in the hou8elK*Id. Sodal Isolatlo￿On*Vn• W• off8r support and ¢r￿ur8gern8nt lo ty and peoth tyjt by InvitirwJ to coffee mornlngs. local groups. ad5￿ty￿Un days as wdl 8$ th• opti'on ol vdunle¥drvJ. Community EngogementEd4J¢8tlon Supporting 10¢81 schools and community groups in t￿ Ca￿111 area. Childrnn have erwed In assembly's almed al educating them about poverty with th• strains and h¥nJships that some poople face. We rut) aci$vlty￿n days held in the school holidays for local disadvantsged chlldren. We are also running a 'Per¥)d Poverty Prq'ect, which provides FREE sanltary products to Sd￿1$ and rg)mmnty gToups. Sportthe8lth &Wellbeing Encouraging &xeTCtse through 8 range of swrtiry acbvitses from foolball lo dodgtrball whilst pffjrTr)tlng a heallhy eth'ng lifest￿￿. We run a range of 8fterschcKJl phys (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 8cornerang Lounge Café and Pay It Fonv8rt1 W811 Ac¢ompllshments'. Th8 Boomerang Lounp Café ojnlinues to Ihiive as a se11￿J3t8ift1ftg enty. ¥Ath all proffts rginvested back into Boomerang Cardrtr. . Through the Pay 11 Forw8rd Wll. tho café has dlslribJted 0￿r £2.000 of food and ddnks to indNiduals facing finanrjal hardship. induding homele38 indrviduals and familits. B8nofits: . Th• eafé not only sery•$ as a r￿mMUnty Ir￿lIng rrf)Inl trArt ak50 reinlor¢88 cwr ￿t￿S of suppo￿n9 those In neod, bullding Injst and rapporl wth VUl￿r￿8 groups. Its profits ¢ontrfbut• to the suslain¥bilty ol BocrfnerarwJ Cardlff. enablirvj to c£Jntlnu8 axpandlng our services. hn8n¢i81 Sust•in•bllityand Eneryy Effi¢kncy A￿oMplIShMents.. Boomerang Cardrfl w¥$ Oward￿ 8 £30.(NXI gr¥nt from a fwnd8lion to ow services from Juno 2023 to May 2024. We hgv• suc&ryssfvIty Im￿•M*nI9￿ a solar array, vthkh rKM powers all of OLW unKs. This inlti8llve has led to an ¥v•rag• 80% reduction in ¥n&rgy cosls, al1r￿'n9 u$ to al￿at0 more reswr¢es toward dired support Ser￿￿5 for wr us•r5. Bgn8fi1s: Roduc8d operat*Jnal ¢osts through eneryy sovlry ensU￿S ￿￿-tern $u$tainabllty for tho orgAnlzatlon. These flnanual achiev&m8nls, Induding our en¥rgy efflciency measur•$, enabk Boomerang Cardiff lo conilnue expanding Its r¢a¢h and provldiThJ s•ThThs. Fln•ncl•l MvI•w Reserve8 11 1$ the pollcy ol the Charlty that unrnstrlcted funds whkh have not boen (10$6gnaled fof 8 $p8dfi¢ us• should be m3lnl8ln8d at an adequate levd équivalent to beknn oné and three month's èxpenditure. The Tnjstees conslder th81 rtrsoM$ at this ￿Ve1 will ensurè lhat, in Ihe event ol a $KJnrfunl drop in lurKling. Ihey wll be able lo continue the CharNy'8 eJJrr•nt aclfvitles while ¢¢n$hl8rallon Is gNen lo ways in which addi110n81 lunds may be raisèd. Thls level of r￿1¥¥$ has b8en maintoined thwtrw)ut the year. Pl•n• for lutur• p•rlod• Looklng ahead. w• ar8 8xdted to introduc• EmpMring Communiti•s Projeci. whKh invo￿$ the cDnstnJ¢tlon of a modern rnodular dasign using 10x 40ft shipping containern. TMsè untts will providè a wde rang& of communty-based seMc•8, IndudlNJ.' A f•palr cafe, vthere serwco users can ￿arn new skn.lls and conlribute lo redudng waste. A ¢ommun4ty grow gardtrn. ¢n¢ouraglng sejf-sustainalillty and community en98geff￿nI through gardenkng and $hared spaces. We also have a8plratiws to bocome Wath. Grè8nest Industrial Park. v&there V•E will: Trans￿0￿ frorn fossil fvgl vans to d8ctrK vehid¢$. Impl•m&nt rainwater harv?sb"ng systems io reuse water sustainably. In31811 èn•rgyofficienl heat pumps to furth81 reduc¥ our ￿VirOnMen1a1 loolprint W& plan to ac*iev¢ thsse suslainability go8b 1hr(￿h a su(xwlul grant in rxAlaboration wth the Wglsh Govemment. T￿se initialvos wll not redu¢e tyjr enWronm￿IoI impact twjt aL￿ positton Boomèrang Cardiff as a leader in Sustaina￿￿, community4riven sc4utk)ns. By doing so, we will contmue to enha￿ tr*e lives of our sorNi¢è users while Contn'buting posslivety to the environmènt and kKal eo)nomy. BOOMERANG CARDIFF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 structur•. goY•m4n¢• and man•g•m•nt Boomwang C8rdlff Is 8 Chartsble InCor￿Tated Organisatth registered in England and Walès with the Charitls Commission. The regi8lered officè is Unit 5, Templaf Park IrKlustrial Estate, East Moors Road. Cardrfl. CF24 SEW. The TNsle&s, who are glso the director5 lor the purpw of CoM￿Y and s•N8d during the year and up to the dale of signabjre of the financia statements were.. Miss S GI￿1yrn Mr M 8rf¢kng11 Ml$$ K Micall81 Mr J Ackennan Rmitmont 8nd•ppolntm•nt oltnthe Th• trustees. report w88 8ppro¥•d by th• Board ofTnJsteeJ. Mis$ S Gwllym Tru•t•• BOOMERANG CARDIFF INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOOMERANG CARDIFF I r8POrt to the Tr￿S￿eS on my examination of the financyal statements of BoomeraThJ Cardiff (the Charity) for the year ended 31 December 2023. Responslblllties and basls of report As the Trustees of the Charity lar￿ also its directors for Ihe purposes of g)mpany law) you aro roswnsible for the preparation Df the finan(?al ststemerts in a￿￿)rdance wilh the requirements of the Companb8s Act 2006 (the 2006 Acll- Hawng satisfied myseff thal the financial statements of the Charity are not required to be audtted under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examinalion of the Charity's financial statements carried out under section 145 of the Charities Act 2011 {th8 2011 Act). In carying aut my examination I have followed all the applicable Directiorts gNen by the Charity Commission under se¢tK)n 14515)Ib) of the 2011 Act. Independent oxaminorfs ststsment Since the Charitys gross income exceeded £250.000 your examiner must b8 a mgmber of a t￿dY listed in sgclion 145 of the 2011 Act. I corbfimi that l am qualified to undertake the examination because 18m a member of tha Association of Chartered CertifEd Accountants. which i8 one of Ihe listed bcKlies. I have Completed my examination. I confinn that no rnatters have (x)me to my attent￿n in connection with tha examination gtving me caus9 to bBfieve that in any wrthial respect: acojunling reCc￿S were not kept in respect ofthe Charity as required by secbon 386 of the 2006 Act,. or th8 financial stat8m8nts thj not accord wrth thos8 records; or the financial statements do not comply with the accounting requirem8nls of s8Ctton 396 of the 20C￿ Act oth8r than any requirernenl that the accounts gr¥e a and fair vi•v whth is a matter considered as part of an irKlependent examinat￿n.. or th& financial Statements have not been prepared in aC￿rd￿ wilh the m8thods and principl8s of the Statement of Recommended Practice for accounting and rewrbng by charities applicable to charities preparing their accounts in a(urdance ￿th the Financial RewtiThJ Standard aP￿Icable in the UK and Repubfic of Ireland IFRS 1021. I have no conc8ms and have ￿m8 acro&8 no olher matters in ￿)nneCti￿ with the examwiatKJn to which attention should be drawn in this report in order to enab￿ a proper und2r51anding of the financial statements to be reached. HLS Accountlng Umlted ACCA 59 Llywn Y Pia Road Lisvano Cardiff CF14 OSX .iO.1&02+ BOOMERANG CARDIFF STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Total Unrostrl¢t•d R•strlet•d funds funds 2022 2022 Total lunds 2023 fvnd* 2023 2023 2022 In¢om• from: Donalion5 and legacies Charitsblg activltigs Other Iradlng a¢tivlll&s Invg$lm8nts 214.702 249,490 64,674 174.452 389.154 249,490 64,674 211. 187,012 110,879 236.925 448,021 187,012 110.879 46 Tot•1 Incom• 528.896 174.452 703.348 509.033 236,925 745,9S8 Exp•ndFtur• (•n'. Ralsing funds ChBrflable aclivllle8 99.454 451,921 55.383 20.069 154.837 471,990 196.524 317,788 19.425 15,5LN) 215,949 333,288 Totsl •xp•ndltur• 551.375 75.452 626.827 514.312 34.925 549,237 N•t Incom•ll•xp•ndltur•l and mov•m•nt In fund• {22.4791 76,521 15.2791 202,0 196.721 R•conclll•ilon of fund•: Fund balance8 at 1 January 2023 37,372 435.( 472.372 42.651 233,000 275,651 Fund bal*ncM at 31 D•c•mb•r 2023 14,893 534,(K)O 548.893 37.372 435,000 472,372 Th¥ st8t•m&nt olfin8ndal actl¥lUos Indudas all gaTh and Ioss85 in Ihe ￿81. In¢om* and axpenditurn dor￿¥ frcm ¢ontSnuing aebwtiès. BOOMERANG CARDIFF STATEMENT OF FINANCIAL posrrioN ASAT31 DECEMBER 2023 2023 2022 Flx•d ass•ts Tangible assets 13 715.¢)68 510,364 Curr•nt a•¥•t Stocks DebloTS C8sh al bank and In hand 14 15 57.5th) 924 12.166 7,531 72.891 70,590 Cr•dbtor•: 4mounts l•llln9 du• wlthln on• y•ar {85.5961 {48.1381 N•t curr•ftt {Il•blllll••V••••t• {12.7051 22,452 Totsl •ss•ts l•s8 curr•nt Il•bllltl 702.363 532.816 Cr•dltor•: amount* falllng du• •ft•r mor• than on• y•ar 19 {153,4701 160,4441 N•t th•¥•ts 548.893 472,372 Th• funds ol th• Charsty R•stricted income funds UnreslrS¢ted lund8 435,000 37,372 21 14,893 548.893 472.372 The wnpany Is ont11￿d to tho *x8mplkM from thè audit r•quWwr￿nt con1ain￿ in $￿tiOn 477 of thè Compani88 Act 2W6, lor the y•ar and￿ 31 De¢emb8r 2023. The directors acknowlÉdp their responsitr*lrfiès for COM￿￿'ng vnth thé requlrements of the Companlos Act 2006 wllh r•spec( to accounbng rac￿￿8 and the prep8rnt*)n of financial 6ts1om•nts. The member¥ havo not required Company to obtain an a￿)11 of Its finwK>al st8t•ngnls IOT the year in question in accordance with se¢tion 476. Th&s8 flnancial statements ha￿ prepaTed in armrdanc• with the FrfQVIS￿s applica￿8 to companles sub￿Cl to the small companies regime. The finandal 81#1omenls were apwoved by Iht Trustees on Miss S Gwiiym Trusts• Company registration number CECNJgW7 IEThJkqr¥l and Wal8$1 BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng Wl¢l•¥ Charlty Informatlon Boomerang Cardrfl is a Charrtable Incorporaled I￿￿ntS8ti0n registered in En9land and Wales wllh tha Chadtls Commission. The reg6sl&rendibon. It•ms hekl for dlslrfjbulion at r#J or nominal cg)n8itJeratth are measured the lower of replace￿nI cosl and ctyL Nel rèalisabl• value is the estimated stllirwj wice *ss al eslimated ¢osts of c4)mpleUon and costs lo be incurred in markeiing, selling and distribut￿. 1.9 Cash and ¢••h •qul¥al•nts Cash and cash 8quivalents indude ¢ash In hand. d8pm)￿ts h8kJ al ¢an vAth banks, oth•r short-lami liquNI Investrn•nts wTrth origlnal maturities of threo fi￿1h$ or less, aThJ ￿Thk ov•rdrafts. Bank overdrats arn shcwn vAthin borrowngs in euffènt liabilrti8s. BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•s {Contlnued) 1.10 Flnanclal Instrurn•nts The Charity has ele¢t8d to apply the F*0ViS￿$ of Seciion 11 'Basic Financial Instrnments, 8nd Secilon 12 'Other Financial InslnJm¢nts Issues. of FRS 102 to all of rts ffinonual instrumènts. Fln8n¢ial Instnjmonts are recognisèd in t￿ Chwilvs balan¢• shfjgt when the Charty becorrns party lo tho conlraclual provisions of the instwmtrnl. Flnanclal assets and liabilitl•s are ollsel. wryth n¢1 STr￿nts presented In th& Iln8ncaal statements. whgn Ihew 1$ 818gally enforcea￿8 right to sot olf Ihe recognised 8NK)unts and there ￿ 8n intwtion to settle on 8 n•t basiB or to roalis8 tho asset and soltl¢ thg lith'lty srNllan8Ou￿y. Bask Iln•nclal •¥¥•ts Basic finandal a&sels, whlch Indude debtcrt and cash al￿ bank bolances. are Inlt6ally m•asured al Iransactlon pd¢# Induding transacb'on costs and afe subsequertuy carried at amortised cost vslng the effecitve Interest melh¢)d unltss$ tho arTar￿&Ment ¢))fisb¢ul¢s a finanring trartsa¢llon, where the Ir8n$actk)n Is measured at the prtrsonl Value of tho future recwpts dlseounlod at a market rat• ol intefest. Finantyal ass8ts d8sslfl•d as feCeNable vAthin ￿ ￿ar arn not amNtW. B•¥l¢ fln•ft¢l*l Il•blllll•• 88slc financial Ilabilitl85, Including cr•dltors and bank bans art initialty recc*Jnis•d at transaction wl¢& unless tho arrangement constilul•$ a financing transact￿n. th8 d•bl instrumtrnl 4$ m8asured al tho pw$&nt value ol thè future payments dis¢ount•d at a market rat& of Int•rnst. Flnandal liabillll•$ class1fi8d as payabl• ¥￿thIn one ￿ar ar8 nol amortised. Debt Instrumnts are subwu8ntty carrlod at amortt50d cost. u￿ft9 th• •ff•ctiv8 Intero$1 r•t• mèthod. Trade credilorn arn obligatlons to pay for or soryices that h8v• b￿n acqulred In ordlnary COUTse ol opera¢ions from Supplièrs. Amounts payable arn classified as wrrent Ilabllrtl•s il paymenl Is du• ￿thIn on ar or 18ss. If not, tw 8r• presented 8$ nOr￿C￿lIant liabili￿$. Trnd¥ crodilors are recdognis•d InlUally al transaction price and sub$oqu•nlty measured al amortls8d cosl usirvJ the eff8etiv• interest mtrthod. D•r•¢ognftlon of Iln•ncl•l Il•bllld•s Finencial liabilities are derecognised when the Charity'$ r•)ntr8ctual ot4igaliMs explrs or are di￿harg$d or ¢8n¢dled. 1.11 Employ•• b•n•fft• Th• ¢ost of Any unused holiday fjnbllement is recc*3n¢¢d h th8 ￿riOd in which tho •m￿oYee'S servi¢os gr8 re¢eiv•d. TeminatK>n bgngffts are reccyiised immgdlaiety as an exF¢nse w￿n the Charity is d¢monstrably committed to leminate th8 èmploymenl of an ernpkl￿ or to pThide terminal￿) benefits. 1.12 L•as•• Leases are dassitled as finance leases whènevor the terms of the lèase transfer substsnlialty all the risks and rewards of ¢w￿rshiP to the lessees. othèr lèases are da$￿fied a$ 0￿ra￿ng leaseB. Assets held under finance 18as6s are recogniS￿l as asséts at Ihe lower ol thè atsets fair value al th8 date ol incèption and the present valut of the minimum lease p8yments. The relate(J liability is included in tha stslem¢nt of financial posith)n as a finance lease obligation. L•ase paY￿￿nIS are trè8t6d as ￿n51￿11n9 ol capitsl and intèrest demenls. The inter$st is charged to nel In￿r￿/{eXpenditVrn1 for Ihe year so as lo produce a constant periodic rate of int¢fyst on tho remaining balan¢& of tho liability. 10- BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crlllcal a¢¢ountlng •stlmat•s and Judg•m•nts In the application of Ihe Charfvs acCOL￿ting pold•s, the TnJstse$ are roquired to make judgements. eskn'matss and assumptions al)out th8 carrying amount ol assets and liabilities that are not r¥adlly apparent from oiher sourcos. The eslimates and associated assumptions are based on hislorlcal experience and other factors that are ttfj8idored to b8 relevant. Adual rosuhs may from these estimates. The estimates ond undW￿ftg a88umpOons 8Te revle%*d cffi an oThJolng basls. Revision$ to accounlino gstlmates are ren ond impairment Premises èxpenses Sundry cosis Hlro purchaso Intero8t Flnance cost8 Staff trainlng 281,042 26,026 129.053 6.057 2.888 1,054 1,124 192.1 $1 18.440 95.893 4,650 447.244 311.134 Sh•r• of #upport and gov•rn4n¢• eo•ts Support Gov•rn8nce 21.898 2.848 11,232 10.922 471,990 333,288 Anatysls by fund un￿$t￿cted fund8 Rostrbctod fiJnd5- gonw81 451.921 20,069 317.788 15,500 471.990 333.288 N•t mov•m•nt In lund¥ 2023 2022 Th8 net movem&nt in fur￿5 is stated after d￿rg1W(Cl¥￿￿rVal. Depre¢latbJn of tsngible fix￿ assets 26.026 18,440 10 Tru•ts•¥ Non• of ihe TNste08 lor any potsons ¢c￿neCted with I￿￿1¥ed 8ny rnmuneralion or b8nefits from th• Charity during the year. 13- BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Employ￿$ Th• avÈrag• monthly number ofemFloyees durirvj the year was.. 2023 Numb•r 2022 Numb•r Fundr8i$iNJ Charllablfj a¢tbvi1S&s Govem8nce 11 11 Totsl 17 17 Emp1o￿n•nt ¢o•ts 2023 2022 Wo9•$ 8nd $8larl8S So¢ial $ecurlty costs 270.049 10,993 204.591 6,985 281.042 211,576 There %￿re no employoes vhw annual remLrnTaty￿ wa# mort than £60,000. 12 T•xatlon The chadty is exempt fr(xn taxa1￿ ￿ it8 a¢tivlii•$ b￿aUSe all its income ij applied for charit8bl8 purpo303. 13 T•nglbl• Ilx•d a*••ts FM•h•ld la￿ Pl￿1 and and bulldlbv •qulprn•n¢ Tot•1 v•hkb•• Cost Al 1 January 2023 Addluo 438.8 78,874 19),185 4.032 52,134 40.545 573.640 230.730 At 31 December 2023 438,6 269,059 4,032 92.679 804.370 D•prnelatlon and Imp•lrnwnt At 1 January 2023 DeprecIa1N￿ thar9od in year 43,309 14,848 19.855 9.835 63.276 26.026 At 31 Docomber 2023 58,157 1.455 29.6 89,302 Canylng amount At 31 December 2023 438,6C(I 210.902 2.577 62.989 715,068 At 31 December 2022 438.600 35,565 3.920 32.279 S10.364 14- BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Stocks 2023 2022 57.500 15 D•bto 2023 2022 Amounts f•lllng du• wlthln on• y••r. Amounts ow8d by wbshliary undortaklTh)s Prop8yments 8nd acc￿ed inccrfne 924 924 16 Loan• Ind ov•rdraft• 2023 2022 Directors, bans Other loans 20,168 47.750 27.686 42.750 67,918 70.418 P8yabl8 wthln one year Payable after ong year 30,188 37,7SO 27.666 42,750 17 FInan￿ l•a8• obllg•lloM Future minlmum lease payments dug undgr finance ￿8$08. 2023 2022 Wrthin one ￿or withln and years 35.654 115.720 4,672 17.694 151.374 22,366 The amounts Indudgd under finan¢X 8nd hirn puthse (y)ntrèrt obllgations are SeC￿red against the as8Ot lo which th8y rolate. 15- BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Cfedhorn: amounts talllng du• wlthln on• y••r 2023 2022 Notss ot4igabons under fin8n¢¢ leases BorrovAngs Other taxat￿￿ and sodol $writy Trat1e creditors Other creditor5 17 35.854 30,f66 8,544 4,112 7,120 4,672 27,666 12,066 3,734 85,596 48,138 19 Cr•dltorn: amount• l•lllng du• *ft•r mor• than on• y•ar 2023 2022 Nots8 0￿￿¥tiOnS undèr flnance ba¥8s BOrI￿￿n9$ 17 115,720 37.750 17.694 42.750 153.470 60,444 20 R•¥trl¢t•d fund• Tho reBlrKt¢d fvnd$ of chmi th8 unexpwthd balancas of done￿on$ and grants hobd on trust $ubJ8Ct to specffic coThJlllons by (b)n￿ as to they may b0 u￿. At 1 Janu•ry Incomlng R••ourc•* 2023 mour¢ •xp•nd At31 D•c?mbor 2023 435,000 174.452 (75.452) 534.000 Pr•vlou• y•ar. At 1 January 2022 Ineomlng rn*tsur¢ Re*oure•• •xpond•d At31 O•¢•mb•r 2022 233,000 236.925 {34,9251 435,000 16- BOOMERANG CARDIFF NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Unrnstrlet•d lunds The unrestricted fvnds of the charity ¢omprls8 th• uMxp8nded bala1￿$ of dI￿at￿l0$ and grants which are not subj'ect to spec¢fic cOndrt￿ns by donor5 and grnrttors as lo how they may be used. These include deslgn8t8d fvnds vthkh hav8 baen set aside of unreslricted fund$ by trustè8s for specAfic wrpo$es. At 1 J•nu•ry 2023 Incomlng ourc R•sour￿¥ expended At31 D•umb•r 2023 General fvnd8 37,372 528,896 1$51.3751 14,893 Pr•vlow y••r: At 1 Janu•ry 2022 Incomlng r•sourc•• R•$oure•• •xp•nd•d At31 D•c•mb•r 2022 General funds 42,651 509.033 1514,3121 37,372 22 An•ly#l• of n•t ••Mts b•twMn fund• Unr•strfct•d R••trkt•d fund• nd# 2023 2023 Totsl 2023 At 31 D•¢•mb•r 2023: Tanglble assets Currenl assetsllllabllitlti31 Long Itrrn liabili15es 181.068 112.7051 11S3.4701 534.C 715.Cé8 112,7051 1153,4701 14.893 534.CrtlO 548,893 Unr•*trl¢t•d RMtrkt•d funds lund• 2022 2022 Tt>tsl 2022 At 31 D•c•mb•r 2022: Tangible assets Current 8s$èts1{Ilab111118sI Long t¥mi li8￿.11b&S 75.364 22,452 160,4441 435,lJOO 510.364 22.452 160,4441 37,372 435,IXIO 472,372 23 R•latod party transadlons D￿ng the year the CEO Mr P Gwltym m* than￿ to the company 8nd r8cdv8d repayments. Al the ￿ar end the company owed Mr P Gwlym £20,166 {2022.' £27,666). The arno￿1 i% unsecu￿, Inte￿$1 free and repaYa￿e on demand. 17-