| EMstees' repMt | |
|---|---|
| Statrment oftrustees' | responsibiliTies |
| Independent examiner's report |
|
| Statement offinancial | acdvities |
| Balance sheet | |
| Statement ofcash flows | |
| Notes to the tinandal | statements |
| Unrestricted | Resbtcted | Total | Unrestricted | Unrestricted | Restricted | Tofal | |||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funda | ||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| Notes | 5 | 8 | 8 | 8 | 8 | ||||
| Donsfions and legacies Charilable activtges |
2,215 324,773 |
184,514 | 2,2'l5 5($,287 |
gl 327,257 |
219,060 | 546,317 | |||
| Other trading acgvttlss |
4,280 | 4,260 | 7,498 | 7,498 | |||||
| Investments | 156 | 156 | 159 | 159 | |||||
| Other income | S'\,1S4 | 51,154 | 39228 | 39,228 | |||||
| Tofut income | 382,558 | 184,514 | 567,072 | 375,110 | 219,060 | 594,170 | |||
| 5598ggÃurg33N | |||||||||
| Chargabla activities |
445312 | 252,433 | 697,645 | 373,596 | 159,343 | 532,939 | |||
| Net (expenditure)/income | for | ||||||||
| the year/ | |||||||||
| Net movement | in funds | (62,854) | (67,919) | (130,573) | 1,5'i4 | 59,717 | 61,231 | ||
| Fund balances al 1 April | 2021 | 423,330 | 76,561 | 499,891 | 421,8'IS | 16,844 | 438,660 | ||
| Fund balances | at 31 Nfarch | ||||||||
| 2022 | 360,676 | 8,642 | 369,318 | 423,330 | 76,56'i | 499,891 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 9 | 2 | |||||
| Fbred assets | ||||||
| Intangible assets | 'i2 | 3,410 | 4,730 | |||
| Tangible assets | 13 | 177,349 | 182,303 | |||
| 180,759 | 187,033 | |||||
| Current assets | ||||||
| Stocks | 14 | 70 | ||||
| Debtors | 15 | 128,896 | 1'I8,051 | |||
| Cash at bank and in | hand | 138,081 | 221,364 | |||
| 266,977 | 339,485 | |||||
| Creditors: amounts | faging due within | |||||
| one Irsar | 16 | f78,418) | (26,627) | |||
| Net current assets | 188,559 | 312,858 | ||||
| Total assets less current llabittges | 389,318 | 499,891 | ||||
| income funds | ||||||
| Restricted funds | 'IB | 8,642 | 76,561 | |||
| ILnnrgrfgtgtLfttggig | ||||||
| Designated funds |
360,676 | 420,033 | ||||
| General unrestricted | funds | 3,297 | ||||
| 360,676 | 423,330 | |||||
| 369,313 | 499,891 |
| 2022 | 2821 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | 5 | |||||||
| Cash ffevrs from operating | scgvtges | |||||||
| Cash (absorbed | by)/generated | from | 24 | |||||
| operations | (75,917) | 115,260 | ||||||
| invesging activities |
||||||||
| Purchase oflangible qxed assets | (7,522) | (12,407) | ||||||
| Investment income reoelved |
159 | |||||||
| Net cash used | In lnvesgng | actlvlgee | (7,366) | (12,248) | ||||
| Net cash used | in gnancing | acgviges | ||||||
| Net(decrease)/increase In |
cash and | cash | ||||||
| equivalents | (83,283) | 103,012 | ||||||
| Cash end cash | equivalents at beginning |
ofyear | 118,352 | |||||
| Cash and cash | equivalents | at end of | year | 138,081 | 221,384 |
| Charitable actlviges | (Continued) | (Continued) | |||||
|---|---|---|---|---|---|---|---|
| 509,287 | 548,317 | ||||||
| Analysis by fund |
|||||||
| Unfeslflcled funds |
324,773 | 327,257 | |||||
| Restricted funds | 184,514 | 219,060 | |||||
| 509,287 | 546,317 | ||||||
| Grants | |||||||
| Arts Coundl ofWales - revenue | funding | 196,749 | 196,749 | ||||
| Aria Council ofWales - other | 163 | 17,082 | |||||
| National Lottery Awards |
for | All W'ates | 8,684 | ||||
| Aria 8 Business Cymru | 4,940 | 4,000 | |||||
| GsMisld Wsston Foundation | 52,000 | ||||||
| Children in Need |
10,000 | 10,000 | |||||
| Uoyds Bank Foundation | 18,444 | ||||||
| The Ausgn and Hope Pilkington | Trust | 1,000 | |||||
| The Oskdsle Trust | 1,000 | ||||||
| Cardrg Council | 4,000 | 51i440 | |||||
| CardhTThird Sector Council |
9,216 | 3,530 | |||||
| Coinic Relief | 4,225 | ||||||
| SirJules Thorn Trust | 750 | ||||||
| Community Foundation |
in Wales | 2,000 | 19,264 | ||||
| Groundwork Wales |
500 | ||||||
| Clothworksrs Federation |
2,480 | ||||||
| independent Age |
13,582 | ||||||
| Vale Crisis Heros | 2,100 | ||||||
| Glamorgsn Voluntary Services |
4,834 | ||||||
| University ofSouth%educ |
336 | ||||||
| Margaret and Gwendoline |
Device Trust | 2,500 | |||||
| Whish Government | 20,181 | 36,550 | |||||
| Edger Lawley Foundation | 1,500 | ||||||
| Gibbs Charitable Trust |
2,000 | ||||||
| Moondancs Foundation |
39,300 | ||||||
| Cardiff Sport | 2,106 | ||||||
| Postcode Lottery | 20,000 | ||||||
| Kickstart Funding | 30,772 | ||||||
| Leverhuims | 39,400 | ||||||
| ACL Maintenance snd development |
grant | 55,864 | |||||
| Peter Sowarby | 21,600 | ||||||
| Cardig County Counil - | Fusion | 1,440 | |||||
| Communky Fundrmdng |
for Library project | 1,382 | |||||
| Monmouthshire Building |
Society | 280 | |||||
| (yoy)e Carte | |||||||
| Arnold Clarke Foundafton | 1,000 | ||||||
| Culture Step | 7,200 | ||||||
| Cardiff 8 Vale College | (2,100) | (24,617) | |||||
| 381,528 | 469,339 |
| 4 | Charitable actvfdas | tCoritlavsdj | |
|---|---|---|---|
| 6 | Other trading activides | ||
| Unrestricted | Unress'icied | ||
| funds | funds | ||
| 2022 | 202'i | ||
| 8 | 8 | ||
| Sais ofdenosweer | 16 | ||
| Community fundralsing |
4,260 | 7,482 | |
| Other trading activities | 7,498 | ||
| 6 | Investments | ||
| tlnreslricted | Unrestricted | ||
| funds | funds | ||
| 2021 | |||
| f | |||
| irrleresi receivable | |||
| 7 | Other income | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| 6 | E | ||
| Theatre Tax Relief | 51,154 | 39,228 |
| 2022 | 2021 | ||
|---|---|---|---|
| 8 | 8 | ||
| Staffcosts | 272,530 | ||
| Depredation and impairment |
10,348 | 7,990 | |
| Advertising, msrkegng |
snd publicky | 20,950 | 6,238 |
| Bank charges | 1,000 | 808 | |
| General expenses Insurance |
8,348 3.537 |
7,419 2,570 |
|
| Light and heat | 4,350 | 3,845 | |
| Printing, postage and | stafionery | 2,173 | 1,579 |
| Rates and water | 12 | ||
| Repairs and maintenance | 9,116 | 6,587 | |
| Specwc pro)ect expenses | 48,149 | 1fl,208 | |
| Staff training | 3,210 | 2,090 | |
| Telephone and internet |
4.533 | 5,530 | |
| Trave! snd subsistence | 1,046 | 18 | |
| Irrecoverable VAT |
12,679 | ||
| 492.419 | 333,549 | ||
| share of support costs isee note 9) | 192,367 | 171,745 | |
| Share of governance | coals (sse note 9) | 12,859 | 27,645 |
| 697,645 | 532,939 | ||
| Analysis by fund |
|||
| Unrestricted funds |
445,212 | 373,598 | |
| Restrirsed funds |
252,433 | 159,343 | |
| 697,645 | 532,939 |
| FO | R THE YFARfNDED | 31NARCH | 2022 | ||||
|---|---|---|---|---|---|---|---|
| 9 | Support costs | ||||||
| Support | Governance | 2022Support costs | Governance | 2021 | |||
| Cceta | Coats | coals | |||||
| 6 | 8 | ||||||
| Staffcosh | 189,493 | 169,493 | 158,808 | 156,808 | |||
| Deprecialion | 3,449 | 3,449 | 2,663 | 2,683 | |||
| Advertising snd publicity |
6,983 | 6,983 | 2,079 | 2,079 | |||
| Sank charges | 333 | 333 | 202 | 202 | |||
| General expenses | 2,783 | 2,783 | 2,473 | 2,473 | |||
| Printing, postage snd |
|||||||
| stationery | 724 | 724 | 526 | 526 | |||
| Property expenses | 8,004 | 5,434 | 5,434 | ||||
| Travel and subsistence | 349 | 8 | 6 | ||||
| Ststf training | 1,070 | 1,070 | 897 | 697 | |||
| Insurance | 1,179 | 1,179 | 557 | 857 | |||
| Independent examination |
|||||||
| fees | 3,000 | 3,000 | 3,000 | 3,000 | |||
| Legal and professional | 9,859 | 9,859 | 24,645 | 24,645 | |||
| 192,367 | 12,859 | 205,228 | 171,745 | 27,645 | 199,390 | ||
| Anslysed between |
|||||||
| Chargable acgvities |
192,367 | 12,859 | 205,226 | 17'l,745 | 27,845 | '199,390 |
'The average |
monthly number ofemployees during th |
e year wss: | |
|---|---|---|---|
| 2622 | 2821 | ||
| Number | htumber | ||
| Full gme | 14 | 11 | |
| Temporary/ | term time | 16 | 14 |
| 30 | 25 | ||
| Employment | costs | 2022 | 2821 |
| 8 | 6 | ||
| Wages and | salaries | 498,484 | 4D1,222 |
| Social security costs | 27,93'l | 22,455 | |
| Other pension costs | 7,446 | 5,661 | |
| 533,861 | 429,338 |
| Cost | ||
|---|---|---|
| At 1 April 2021 and 31 March 2D22 | 5,280 | |
| Amortlssgon | snd impairment | |
| At 1 April 2021 | ||
| Amortlsation | charged forthe year | 1,870 |
| At 31 March | 2022 | 1,870 |
| Canying amaunt |
||
| At 31 March | 2022 | 3,410 |
| At 31 March | 2021 | 4,730 |
| 13 | Tangible exed assets | |||||
|---|---|---|---|---|---|---|
| Leasehold | Assets under | nisei snd | Tarsi | |||
| plspsluss | ssnsuasusll | laactdssry | ||||
| E | E | E | ||||
| Cost | ||||||
| At 1 April 2021 | 324,765 | f4,283 | 80,656 | 419,704 | ||
| Addlgons | 7,522 | 7,522 | ||||
| At 31 March 2022 | 324,765 | f4,283 | 88,178 | 427,226 | ||
| Depreciation and impairment |
||||||
| At 1 April 2021 | 171,066 | ee,33e | 237,402 | |||
| Depreciation charged |
in the year | e,495 | 5,980 | 12,475 | ||
| At 31 iilsrch 2022 | 177,561 | 72,316 | 249,877 | |||
| Canylng amount |
||||||
| At 31 March 2022 | 147,204 | 14,283 | 15,862 | 177,349 | ||
| At 31 March 2021 | 153,899 | 14,283 | 14,321 | 182,303 | ||
| 14 | Stocks | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Finished goods and goods for resale | 70 | |||||
| 15 | Debtors | |||||
| 2021 | ||||||
| Amounts falling due |
wghln one year: | E | ||||
| Trade debtors | 7,953 | 6,075 | ||||
| Other debtors | 103,104 | 104,444 | ||||
| Prepayments and accrued income |
17,839 | 7,532 | ||||
| 128,896 | 118,051 | |||||
| 16 | Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| E | E | |||||
| Olher taxation snd social security | 8.459 | |||||
| Deferred income | 17 | 50,564 | 4,459 | |||
| Trade creditors | 12,626 | 2,005 | ||||
| Other creditors | 2,121 | 1,261 | ||||
| Accruala | 4,645 | 18,902 | ||||
| 78,418 | 26,627 |
| 2021 | ||||
|---|---|---|---|---|
| E | ||||
| Other deferred income | 50,564 | 4,459 | ||
| Deferred | income is included | in the gnanctel statements as follows: | ||
| 2022 | 2021 | |||
| E | E | |||
| Balance | brought forward | 4,459 | 5,850 | |
| Income | received | 181,610 | 71,371 | |
| Amounts | released | (115,505) | (72,762) | |
| Balance | carried forward | |||
| 50,564 | 4,459 |
| I | Q | O | I | I | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| II | Jl | RQ N v. |
|||||||||||||||||||||||||||
| B. D. D |
)'s | w | 8 N |
' | CD0 O |
OgOSID 0 do 0 |
|||||||||||||||||||||||
| IA | |||||||||||||||||||||||||||||
| R. | IC | ||||||||||||||||||||||||||||
| C | |||||||||||||||||||||||||||||
| 4 2 |
'2 | SIN | W | O Ol |
' | CO CD |
CI CI Cl N |
0 O 0 |
' | 0 O 0 |
0 Ctr 0 000 0 |
||||||||||||||||||
| C | |||||||||||||||||||||||||||||
| O D |
X | ||||||||||||||||||||||||||||
| JJ | s tu sa u cv |
N O |
d Cll I |
g C4 |
I | I | I | I | Q CI0 CI |
I | I | IO CO0 |
|||||||||||||||||
| ~O | |||||||||||||||||||||||||||||
| Ct | |||||||||||||||||||||||||||||
| D 8D |
Cl ClC |
r N |
O 0 0 |
ul Cu N |
O IO I |
O | 0 g N |
0 0 |
CC cu IO Cu |
0 o IA l |
RK- cu cD N d 'N |
m Cn |
'5 IA |
||||||||||||||||
| D | C | ||||||||||||||||||||||||||||
| CtDCsl IC |
C | Is[ | W | 0 ID N IA 0 0 cu cll 00NI NI d |
0 Io |
d 0 0 ID0 co NIAd Ct N |
' | N 0 co o ICIIO Itr N |
' | d co ID ID |
Odl 0 tu N |
CO | 0 00 N |
O | |||||||||||||||
| 7I | |||||||||||||||||||||||||||||
| Ct0 | ga sa u N C lu 'C |
W | rN | 0 0 IO |
' | 0 0 ID |
|||||||||||||||||||||||
| D | |||||||||||||||||||||||||||||
| IO | CC | ||||||||||||||||||||||||||||
| O | |||||||||||||||||||||||||||||
| O | Itl | ||||||||||||||||||||||||||||
| IU ZPZ0V |
Ot C Cla EODa |
||||||||||||||||||||||||||||
| C | |||||||||||||||||||||||||||||
| CJII-Z UJ |
lu4I D |
||||||||||||||||||||||||||||
| IU I |
a Ct a |
a0 | |||||||||||||||||||||||||||
| I- | 4I | Cl | |||||||||||||||||||||||||||
| OJ VZ CJ:Z UJX I I-0 OJ IU |
C O E S |
e E a/ N L CJ c4 K CC |
'K a Q |
e IC 0 0 D. |
Vl2 g a O D E~ O O CA |
C 0C QC 8 C E E O O |
5 | C m O |
D 0 |
aDt CD 'DL D. Iu 'O |
Q Cl sr D 4I 0 Q |
g | IC0a IC IJ Cl |
z 4I |
a D CA 2' JI D0 Pg E0 a 0 G0 |
O IO O D Ct X |
C S O IO 0D 4I 0 IC Lr |
.— O nl Q Z C C -D 2 C |
2 C0 Cg K g IC C Ct & |
D 'N uc lu 4 D |
|||||||||
| 0Z |
| 1$0 C |
5 | 0 I |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0O | 8 | |||||||||||||||||
| 0 | ||||||||||||||||||
| 9 | 8 | |||||||||||||||||
| gl C |
||||||||||||||||||
| 0 | 0 | |||||||||||||||||
| IC'e | E | |||||||||||||||||
| 0 C7. Ct |
O 0 |
e Q. |
||||||||||||||||
| 9 | E E |
8 | I O. |
|||||||||||||||
| E | ||||||||||||||||||
| X IZ0 O I- IO X IIIX III I I CO VX ~E K |
O ILII |
E 50 O '5 RI8 I- C IE9 C0 |
C O.90' 8 8 5 8 tl I' |
? 908 Ct Z IC9 0 0 sl 0E C 8 '0 eCt |
0 5 0 '0 '5 Cte C Ol Z '0 C 0.0 CS9 'C |
O. Ct ClE 8 tt I g 0 CO 'h 'D C |
F C0 Ct CI 0 0 R N 0 5 C C0a |
F CC 9 8 C C 9 C P w I c a |
C e C e O. M 9 9 |
E Q. 8 'E C 'e 9 I 9 C Z 'E 5 e F LL- EE Rj lt C |
00 9 R E 9 0 C U}.II 5 |
CE0 8 'I C E J+ |
0 5 0 0 I 8 E IC Z C0 K |
0 C C 0 0. 0 0 8 C0 |
R Zi g C Ci 5 0 0 C9 5 0C C |
00. Z C E I'0 C E O |
||
| IIIXI- e IO 0 I R |
ILI 0 |
E Ot Z I Y 8 V |
C0I9 | C 0 |
Og ~8 |
gEIf | I 0C 0O O |
IX C 0 E 1$ ZV |
0Z C |
II I- K D |
0 II tl |
C Cl Z g |
| Balance at | Transfers | Balance at | Transfers | Balance at | |||
|---|---|---|---|---|---|---|---|
| 1April 2020 | 1 Aprlt 2021 | 21 March 2022 | |||||
| Opsnding | reserve | fund | 76,000 | 76,000 | (53,083) | 22,917 | |
| Property | upgrade | fund | 157,000 | 157,000 | 157,000 | ||
| Fixed asset fund | 185,280 | 1,753 | 187,033 | (6,274) | 1M,759 | ||
| 416,280 | 1,753 | 420,033 | (59,357) |
| CV | CcC | ||||
|---|---|---|---|---|---|
| CCt | CC | ||||
| N | |||||
| CCI | |||||
| CCI | |||||
| sg" | D | CB | |||
| I | CcI | I | |||
| '8 g |
0 O |
O | |||
| )A~ | 0 | O CQ |
ch | ||
| PC | CbI | ||||
| g g ~ |
CcC O CC |
CCI |
| non~nceHab!e opera5 |
ng! ease | s, | which | fall due as faso | ws: | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| E | ||||||||
| Within ane year | 107 | |||||||
| The operating lease commitments |
are in respect ofa phatacapier | which is leased by the charity. | ||||||
| 24 | Cash generated from |
operations | 2022 | 2021 | ||||
| E | E | |||||||
| (Deficit)/surpus forthe |
year | (130,573) | 61,231 | |||||
| Adjustments fan |
||||||||
| Investment income recognised |
in | statement af financial | activities | (156) | (159) | |||
| Depreciation and impairment oftangible |
fixed assets | 13,795 | 10,653 | |||||
| Movements in working |
capital: | |||||||
| Decrease in stocks | 70 | |||||||
| (Increase)/decrease in |
debtom | (10,845) | 51,328 | |||||
| Increase/(decrease) in |
creditors | 5,687 | (6,402) | |||||
| Increase/(decrease} in |
deferred | income | 46,105 | (1,391) | ||||
| Cash (absorbed by)/generated |
from operations | (75,917) | 115,260 | |||||
| 28 | Anslys}s ofchanges | ln net funds |