2023-03-31-accounts - Goleudy Housing and Support Limited

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		Page
Report ofthe Trustees		1-15
Report ofthe independent	auditors	16-19
Statement of Financial Activities		20 - 21
Balance Sheet		22 - 23
Statement ofCash flows		24
Notes to the Financial Statements		25-49

				GOLEUDY HOUSING	GOLEUDY HOUSING	AND SUPPORT LIMITED	AND SUPPORT LIMITED	AND SUPPORT LIMITED
				(A COMPANY LIMITED BY GUARANTEE)
				REPORT OF		THE TRUSTEES
				FOR THE YEAR ENDED 31 NIARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number				504094
Company	Number			1195549
Registered		Office		The Customs House
				Cambdan Place
				Swansea
				SA1 1RG
Directom	and Trustees
The directors		ofthe	charitable	company (the charity) are		its trustees	for the purpose ofcharity law. The trustees
and officers		serving	during the period and since 31 March 2023 were as follows:
Chair				Christopher Jones
Vice Chairs				Rachel Rawlings
Treasurer				Richard Leary
Elected Trustees				Conrad Funnell
				Gary Hall
				Susanna Carter
				Adelaide Morgan (resigned		29 November 2022)
				Sarah Smith
				Oliver Godden (appointed 24 May 2023)
Company	Secretary			Jim Bird-Waddington
Key Management				Jim Bird-Waddington		Chief Executive Officer
Personnel				loan Davies		Executive Director
				Suzanne Morris		Executive Director
				Mathew Morgan		Director	ofOperations	(resigned 31 May 2022)
				Alison James		Executive Director (appointed			4July 2022)
Auditors				Azets Audit Services
				Chartered Accountants	and Statutory		Auditors
				Ty Derw, Cardiff Gate Business Park
				Cardiff
				CF238AB
Bankers				Co-Operative Bank Pic.		HSBC		Bank	ofScotland
				34 Kingsway		10Portland Street		PO Box23581
				Swansea		Swansea		Edinburgh
				SA1 5LE		SA1 3DF		EH1	1WH
Legal Advisors				Hugh James
				114-116St Mary Street
				Cardiff
				CF10 1DY
Investment		Managers		Brewin Dolphin
				5Callaghan Square
				Cardiff
				CF105BT

			FOR T	HE YEAR END	ED 31 MARCH	2023
			Restricted	Restricted	Unrestricted	Unrestricted
			Capital	General	Designated	General	TOTAL	TOTAL
			Funds	Funds	Funds	Funds	2023	2022
		No te					6	6
INCOME
Income from Charitable activities			47,418	326,394		2,349,148	2,722,960	2,858,206
Income from other
trading activities
Investment Income		5				16,770	16,770	7,992
TOTAL INCOME			47,418	326394		2,365,918	2739730	2866198
EXPENDITURE
Cost ofraising funds		6
Expenditure on Charitable activities:				304,507		2,390,692	2,695,199	2,583,170
TOTAL EXPENDITURE				304,507		2,390,692	2,695,199	2,583,170
Net gains I(losses) on investments						(36,672)	(36,672)	22,026
Net income I (expenditure)			47,418	21,887		(61,446)	7,859	305,054
Gross Transfers between funds		18	(35,139)		5,473	29,666
Net Movement in Funds			12,279	21,887	5,473	(31,780)	7,859	305,054
RECONCILIATION	OF
FUNDS
Total funds brought forward			493,350	208,803	1,922,508	332,912	2,957,573	2,652,519
TOTALFUNDS CARRIED FORWARD			505,629	230,690	1,927,981	301,132	2,965,432	2,957,573

		Restricted	Restricted	Unrestricted	Unrestricted
		Capital	General	Designated	General	TOTAL
		Funds 6	Funds 6	Funds 6	Funds	2022f
INCOME
Income from Charitable activities			329,435		2,528,771	2,858,206
Income from other
trading activities
Investment Income					7,992	7,992
Total Income			329435		2,536.763	2,866198
EXPENDITURE
Cost ofraising funds
Expenditure on Charitable activities:			273,510		2,309,660	2,583,170
TOTAL EXPENDITURE			273,510		2,309,660	2,583,170
Net gains I(losses) on investments					22,026	22,026
Net income I (expenditure)			55,925		249,129	305,054
Gross Transfers between funds		(11,780)		729,557	(717,777)
Net Movement In Funds		(11,780)	55,925	729,557	(468,648)	305,054
RECONCILIATION	OF
FUNDS
Total funds brought forward		505,130	152,878	1,192,951	801,560	2,652,519
TOTAL FUNDS CARRIED FORWARD		493,350	208,803	1,922,508	332,912	2,957,573

		CHARITY BALANCE SHEET
		FOR THE YEAR ENDED 31 MARCH	2023
		Notes	2023	2022
			f	6
FIXEDASSETS
Properties		12	947,207	776,924
Other Tangible Assets		13	72,816	45,402
Investments		14	680,823	543,004
			1,700,846	1,365,330
CURRENT ASSETS
Debtors		15	370,241	349,934
Cash at bank and	in hand		1,853,147	2,075,202
			2,223,388	2,425,136
CREDITORS
Creditors falling due within one year			(959,100)	(833,226)
NET CURRENT ASSETS			1,264,288	1,591,910
NET ASSETS			2665 134	2,957,240
THE FUNDS OF THE CHARITY
General Funds		188519	300,974	332,719
Designated Funds		188 19	1,927,981	1,922,508
Restricted Funds		18&19	230,550	208,663
Restricted Capital	Funds	18S19	505,629	493,350
TOTAL CHARITY	FUNDS		2,965,134	2,957,240

			Notes	2023	2022
Cash flows from operating activities				6	E
Net Cash provided by operating activities			22	22,879	382,710
Cash flows from investment activities
Interest from investments				16,770	7,992
Interest from investments added to investment		porffolio		(15,590)	(7,888)
Net purchase offixed asset investment				(165,000)
Purchase ofproperty, plant and equipment				(311,113)	(1,800)
Proceeds from sale ofassets				230,000
Net Cash used in investing activities				(244,933)	(1,696)
Change in cash and cash equivalents in the	year			222,054	381,014
Cash and cash equivalents at the beginning	of	the year		2,075,536	1,694,522
Cash and cash equivalents at the end ofthe		year		1 883482	2,075,536

					2023	2023	2022
					8		8
	Turnover
	Cost ofSales and Administrative		Costs			(35)	(36)
	Net (Loss)	/ Profit			~36		~36
	The assets	and liabilities ofthe	subsidiary	were
	Current Assets					334
	Current Liabilities					(35)
	Total net assets					299
	Aggregate	Share Capital and Reserves				299
5	INTEREST	RECEIVABLE - GROUP AND		CHARITY
					2023		2022
					8		8
	Investment	income receivable			15,590		7,888
	Bank interest receivable				1,180		104
					16	776	7.992.

The chadty	underta	kes only one charitable	kes only one charitable	activity; So	cial housin	g and support.	g and support.
		Social Housing & Support		Support	Costs	Governance		2023	2022
		Un.	Res.	Un.	Res.	Un.	Res.	TOTAL	TOTAL
				6	8
Wages and Salaries		1,219,694	151,301	304,923	37,825			1,713,743	1,501,487
Rent		180,111	6,600					186,711	139,113
ITand Communications		148,649	6,108					154,757	163,529
Utilities		99,836	6,260	11,093	696			117,885	98,186
Maintenance Decorating	and	99,936	16,443					116,379	156,945
Cleaning		90,201	9,870					100,071	79,028
HA Management Costs		68,587						68,587	66,787
Depreciation		46,402	962	11,602	241			59,207	57,353
Printing, Postage,
Stationery and		38,462	4,694	9,616	1,173			53,945	45,576
Advertising
Legal & professional	fees	15,812	428			34,567		50,807	47,710
Insurance premiums				34,289	3,787			38,076	41,771
Purchased Services				8,892	27,115			36,007	53,290
Sundry expenses		12,745	9,174	3,186	2,293			27,398	10,537
Subtotal		2,020,435	211,840	383,601	73,130	34,567	-	2,723,573	2,461,312

EXPENDI	ON CHARITABLE ACTIV	ON CHARITABLE ACTIV	ITES - GRO	UP - CONT	INUED	INUED
	Social Housing B Support		Support	Costs	Governance		2023	2022
	Un.	Res.	Un.	Res.	Un.	Res.	TOTAL	TOTAL
			E	E	6	F.
Audit and Accountancy					26,902		26,902	25,463
Food	18,114	8,286					26,400	10,176
Furniture and Fittings Costs	15,782	7,124					22,906	46,934
Vehicles and Travel	16,361	1,609	1,818	179	-	-	19,967	22,431
Bad Debts	18,944	(5)					18,939	(6,964)
Training	13,300	1,723	3,325	431	-	-	18,779	13,261
Investment
Management			6,100				6,100	5,382
Costs
Keys	3,287	30					3,317	1,684
Bank charges			1,239				1,239	1,222
Trustee Expenses					982		982	310
Trips and Activities	964						964	1,209
Volunteer	762	160					922	750
expenses
Profit on Disposal			(175,791)				(175,791)
	2,107,949	230,767	220,292	73,740	62,451	-	2,695,199	2,583,170

		Social Housing & Support	Social Housing & Support	Support	Costs	Governance	Governance	2023	2022
		Un.	Res.	Un.	Res.	Un.	Res.	TOTAL	TOTAL
Wages and Salaries		1,219,694	151,301	304,923	37,825			1,713,743	1,501,487
Rent		180,111	6,600					186,711	139,113
ITand Communications		148,614	6,108					154,722	163,529
Utilities		99,836	6,260	11,093	696	-	-	117,885	98,186
Maintenance Decorating	and	99,936	16,443					116,379	156,945
Cleaning		90,201	9,870					100071	79028
HA Management Costs		68,587						68,587	66,787
Depreciation		46,402		11,602	241			59,207	57,353
Printing, Postage,
Stationery and		38,462	4,694	9,616	1,173			53,945	45,576
Advertising
Legal & professional	fees	15,812	428			34,567	-	50,807	47,710
Insurance premiums				34,289	3,787			38,076	41,771
Purchased Services				8,892	27,115			36,007	53,290
Sundry expenses		12,745	9,174	3,186	2,293			27,398	10,537
Subtotal		2,020,400	211,840	383,601	73,130	34,567	-	2,723,538	2,461,312

EXPENDI	ON CHARITABLE	ON CHARITABLE	ACTIV	ITES - CHA	RITY - CO	NTINUED	NTINUED
	Social Housing Support		&	Support	Costs	Governance			2023	2022
	Un.	Res.		Un.	Res.	Un.	Res.		TOTAL	TOTAL
Audit and Accountancy						26,902			26,902	25,463
Food	18,114		8,286						26,400	10,176
Furniture and Fittings Costs	15,782		7,124						22,906	46,934
Vehicles and Travel	16,361		1,609	1,818	179				19,967	22,431
Bad Debts	18,944		(5)						18,939	(6,964)
Training	13,300		1,723	3,325	431				18,779	13,261
Investment
Management				6,100					6,100	5,382
Costs
Keys	3,287		30						3,314	1,684
Bank charges				1,239					1,239	1,186
Trustee Expenses						982			982	310
Trips and Activities	964								964	1,209
Volunteer	762		160						922	750
expenses
Profit on Disposal				(175,791)					(175,791)
	2,107,914	230,767		220,292	73,740	62,451		-	2,695,161	2,583134

GROUP	AND CHARITY		2023	2022
			2
Depreciation ofproperties			26,916	24,830
Depreciation ofother tangible		fixed assets	32,291	32,523
Auditors	remuneration
	Audit fee		8,790	8,070
	Insurance		517	153
Operating	Leases - Property		5,440
Operating	Leases - Equipment		15,012	15,625
			88866	81,201

GROUP AND	CHARITY	2023	2022
		Number	Number
Management		9	10
Administration	and support	29	35
		38	45


12 TANGIBLE ASSETS —PROPERTIES - GROUP AND CHARITY	Land &
	Buildings
	6
Cost
At 1 April 2022	1,463,508
Additions	251,408
Disposals	(116,129)
At 31stMarch 2023	1,598,787
Depreciation
At 1 April 2022	686,584
Disposals	(61,920)
Charge for the year	26,916
At31stMarch 2023	661686
Net BookAmount
At 31st March 2023	947,207
At 31 March 2022	776824

13 TANGIBLE ASSETS-	OTHERS - GRO	UP AND CHARITY
	Database	Plant & Equipment f	Motor Vehicles 6		Fixtures & Fittings 6	Total
Cost
At 1 April 2022	83,386	263,971	10,260		197,105	554,722
Additions		22,945			36,760	59,705
Disposals					(1,300)	(1,300)
At31stMarch 2023	83,386	286,916	10,260		232,565	613,127
Depreciation
At 1 April 2022	83,386	240,677		6,413	178,844	509,320
Charge for the year		15,054		2,565	14,672	32,291
Eliminated on Disposal					(1,300)	(1,300)
At 31stMarch 2023	83,386	255,731		8,978	192,216	540,311
Net book amount
At 31stMarch 2023		31,185		1,282	40,349	72,816
At 31 March 2022		23294		3847	18.261	45,402
		40

GROUP				2023	2022
				6	E
Market Value at 1 April				526,738	503,043
Additions to investment		at cost		271,876	137,147
Disposals at Carrying Value Net gain/(losses) on revaluation				(106,601) ~36.6727	(135,479) 22,027
Market Value 31st	March			655,341	526,738
Cash Account				25,481	16,265
Market Value at 31	March			680,822	543,003
Historical value as	at 31	March		687,420	518,471
CHARITY				2023	2022
				6	6
Market Value at 1 April				526,739	503,044
Additions to investment		at cost		271,876	137,147
Disposals at Carrying Value Net gain/(losses) on revaluation				(106,601) ~36,672	(135,479) 22,027
Market Value 31st	March			655,342	526,739
Cash Account				25,481	16,265
Market Value at 31	March			680,823	543,004
Historical value as	at 31	March		687,421	518,472
The charity's investment		at	the Balance Sheet date in the	share capital ofcompanies	include the fo
Caer Las Trading	Limited
Company number:			09432679
Incorporation date:			10February 2015
Nature of business:			Sales ofdonated goods.
Registered office:			Customs House, Cambrian	Place, Swansea, SA1 1RG
Class ofshares:					'/6 Holding
Ordinary					100

15	DEBTORS
	GROUP AND CHARITY	2023	2022
		6	6
	Due within one year
	Trade debtors	22,160	34,808
	Rent receivable	112,718	79,653
	Accrued income and prepayments	235,327	235,473
		370,205	349,934
	CHARITY	2023	2022
		K
	Due within one year
	Trade debtors	22,160	34,808
	Rent receivable	112,718	79,653
	Accrued income and prepayments	235,328	235,473
	Intercompany account	35
		370,241	349,934
16	CREDITORS
	GROUP AND CHARITY	2023	2022
		6	6
	Amounts falling due within one year
	Accruals and deferred income	776,925	736,137
	Trade creditors	150,914	61,397
	Socialsecudty and taxes	24,051	27,902
	Pension creditor	7,210	7,790
		959,100	833,226

DEFERRED INCOME - GROUP AND CHARITY
	2023	2022
		E
At 1 Apdil	786,204	786,204
Additions	47,412
At 31 March	833,616	786,204
At 1 April	497,134	485,354
Released against capital funds	35,139	11,780
At 31 March	532,273	497,134
Balance at 31 March	301,343	289,070

		2023	2022
		6	6
Balance brought	forward	28,613	44,552
Income received	in the year	1,438,985	158,715
Released to income		(1,363,570)	(174,654)
Balance as at 31	March	104,028	28,613

GROUP		Balance	Incoming		Resources	Net gains I		Transfers	Transfers		Balance
	1 April 2022		Resources		Expended	(losses) on				31	March 2023
						investments
General	Fund	332,912	2,365,918		(2,390,692)	(36,672)			29,666		301,132
Designated
property	asset	308,404						133,180			441,584
fund
Designated		1,614,104						(127,707)			1,486,397
purposes	fund
		2255420	2365918	~2300692 ~36672					35139		2229.113
CHARITY Balance			Incoming		Resources	Net gains I		Transfers			Balance
	1 April 2022		Resources		Expended	(losses) on				31	March 2023
						Investments
General	Fund	332,719	2,365,918		(2,390,657)	(36,672)			29,666		300,974
Designated
property	asset	308,404						133,180			441,584
fund
Designated		1,614,104						(127,707)			1,486,397
purposes	fund
		2,255,227	2,365,91~	~2,390,057 ~36,672					35,139		2,228,955
Name ofUnrestricted		fund	Description,	purpose and nature ofthe fund
General	fund		The General	Fund represents		unrestricted funds which have				not
			been designated		against a particular purpose		and		may be used
			generally to further the charit3/s			objects.
Designated			The value of	unrestricted funds		represented	by	the	tangible	fixed
property	asset fund		assets owned and used by the			charity on an	on~oing basis			to
			carry out its charitable objects.
Designated			This includes	provisions for short term business				development		costs,
purposes	fund		asset investment		and contingencies for operational				and
			management	costs.

GROUP	Balance	Incoming	Resources	Net gains I	Transfers	Balance
	1April 2021	Resources	Expended	(losses) on		31 March 2022
				investments
GeneralFund	801,560	2,536,763	(2,309,660)	22,026	(717,777)	332,912
Designated	296,624				11,780	308,404
property asset fund
Designated	896,327				717,777	1,614,104
purposes fund
	1,994,511	2.536.763	~2,309.660	22,026	11,780	2255420
CHARITY	Balance	Incoming	Resources	Net gains I	Transfers	Balance
	1 April 2021	Resources	Expended	(losses) on		31 March 2022
				investments
GeneralFund	801,331	2,536,763	(2,309,624)	22,026	(717,777)	332,719
Designated	296,624				11,780	308,404
property asset fund
Designated	896,327				717,777	1,614,104
purposes fund
	1,094,282	2,536,763	~2,300,624	22,026	11,780	2,255,227

GROUP		Balance	Incoming	Resources	Transfers	Balance
		1April 2022	Resources	Expended		31 March 2023
Capital Funds		493,350	47,418		(35,139)	505,629
Restricted General	Funds	208,803	326,394	(304,507)		230,690
		702.153	373 812	~. 304507	~35,139	730319
CHARITY		Balance	Incoming	Resources	Transfers	Balance
		1April 2022	Resources	Expended		31 March 2023
Capital Funds		493,350	47,418		(35,139)	505,629
Restricted General	Funds	208,663	326,394	(304,507)		230,550
		702,D13	373.812	~304,507	~35,139	736,179

Comparative Analysis	Comparative Analysis	of Movement	of Movement	Restricted Funds
GROUP			Balance	Incoming	Resources	Transfers	Balance
			1April 2021	Resources	Expended		31 March 2022
Capital Funds			505,130			(11,780)	493,350
Restricted General Funds			152,878	329,435	(273,510)		208,803
			658.000	329.435	~273010	~117811	702 153
CHARITY			Balance	Incoming	Resources	Transfers	Balance
			1 April 2021	Resources	Expended		31 March 2022
Capital Funds			505,130			(11,780)	493,350
Restricted General	Funds		152,738	329,435	(273,510)		208,663
			657868	329435	~273510	~11780	702013
ANALYSIS OF NET ASSETSBETWEEN				FUNDS
GROUP				General	Designated	Restricted	Total
				Funds	Funds	Funds	31 March 2023
Tangible Fixed Assets				72,810	441,584	505,629	1,020,023
Investments					680,822		680,822
Cash at Bank and	In Hand			817,217	805,575	230,690	1,853,482
Other net current assets		/ (liabilities)		(588,895)			(588,895)
				301,132	1,927,981	736,319	2,965,432
CHARITY				General	Designated	Restricted	Total
				Funds	Funds	Funds	31 March 2023
Tangible Fixed Assets				72,810	441,584	505,629	1,020,023
Investments				1	680,822		680,823
Cash at Bank and	In Hand			817,022	805,575	230,550	1,853,147
Other net current assets		/ (liabilities)		(588,859)			(588,859)
				300074	1 927981	736179	2965134

Comparative ana	lysis ofn	et	assets be	twee	n funds for t	he year ended	31 March 2022
GROUP					General	Designated	Restricted	Total
					Funds	Funds	Funds	31 March 2022
Tangible Fixed Assets					20,572	308,404	493,350	822,326
Investments						543,003		543,003
Cash at Bank and	In Hand				795,632	1,071,101	208,803	2,075,536
Other net current	assets / (liabilities)				(483,292)			(483,292)
					332,912	1,922,508	702,153	2,957,573
CHARITY					General	Designated	Restricted	Total
					Funds	Funds	Funds	31 March 2022
Tangible Fixed Assets					20,572	308,404	493,350	822,326
Investments					1	543,003		543,004
Cash at Bank and	In Hand				795,438	1,071,101	208,663	2,075,202
Other net current	assets / (liabilities)				(483,292)			(483,292)
					332,719	1,922,503	702,013	2,957,240
FINANCIAL INSTRUMENTS
GROUP							2023	2022
								8
Carrying amount	offinancial		assets
Debt instruments	measured	at	amortised	cost			1,988,360	2,189,997
Carrying amount	offinancial		liabilities
Measured at amortised cost							158124	69,187
CHARITY							2023	2022
							E	E
Carrying amount	offinancial		assets
Debt instruments	measured	at	fair value				1	1
Debt instruments	measured	at	amortised	cost			1,988,060	2,189,663
Carrying amount	offinancial		liabilities
Measured at amortised cost							158,124	69,187

GROUP AND CHARITY	GROUP AND CHARITY	Expiring in	Expiring in	Expiring in 2	Total
		less than	1year	to 5years
Land and Buildings	and other		20,708	64,186	84,894
Total			20,708	64,186	84,894

GROUP					2023	2022
Net income for the year (as per the Statement of Financial				Activities)	7,859	305,054
Depreciation charges					59,207	57,353
Loss / (Profit) on disposal					(175,791)
Interest from investments					(16,770)	(7,992)
Investment management	costs recognised		in investment	value	6,100	5,382
Revaluation of Investment					36,672	(22,026)
(Increase) / Decrease in	debtors				(20,271)	50,410
(Decrease) / Increase in	creditors				125,874	(5,471)
Net cash provided by operating		activities			22,879	382,710
Analysis ofCash and Cash Equivalents					2023f	2022 6
Cashin hand					1,853,482	2,075,536
Total Cash and Cash Equivalents					1 853482	2 01~ 538