mirus
OUR IMPACT
U2
02
Turning possibilities into realities
/,?
mirus-wales.org.uk
miruswales
TOGETHER RESPECTFUL RESPONSIBLE EMPOWERING COURAGEOUS
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|Statement ofFindnc(a(Activities
(incorporating|Statement ofFindnc(a(Activities
(incorporating|Statement ofFindnc(a(Activities
(incorporating|Statement ofFindnc(a(Activities
(incorporating|an income 8|Expenditure|Expenditure|Account)|Account)|
|---|---|---|---|---|---|---|---|---|
|||for the Year|Ended 31st INarch 2021||||||
|||||sall|||||
|||taw chiced|acshnhd|Totsl|Iuucbntcd||ecchldcd||
||uoiu|base|rude|alan|buds||hade||
|||c||8|h||h||
|aussu ma mdcwwan|eua||||||||
|nuonsu sullcyolsc|2|Q2||92|||||
|clmmblo osnsens|5||||||||
|nulnul
so slpcoph!Iuldepict||2,092278||2.092.876|I,M5,412|||tggg,me|
|Ilsu guulsmltguclc|||16217.0SS|IBSIT,ON||142242117||14,224.NT|
|ape aslolhcrshuulccc|||1.965.082|1.055,592|||Me.ne|Qee.ms|
|Ttulhle alasbulmsss||M3445|||M|||65|
||3|I0,327||10,327|||||
|Tohl||B,M6.740|16292.147 19.478,887||gnt t,gte|t5.133,925||17.145.535|
|nlnllsahlol
lsl chueum|schuhu||||||||
|csascladsuc clpsanus|6|359216|19.62Q.313 19.387.82S||220245|ient22)55||10,842.359|
|haulus||2,738.128|(2847,IN)|90,959|1,782.385|(td79.180)||BN.IBB|
|Tlalulcc bsblsslclulc|18|(3047,tm|31NT,IN||(IQTQ,I80)||1,979,1M||
|ustfsssouleupcodllsln
bcuu
oaur ncoydsse gsns md bassa||(Bge.ml)|4N,0N|90,95Q|(199,815)||SM,ON|3N,tS5|
|ucl soha cd Qsblspcccc) ul dslusl
acoulpanlm
schslu|||(46)0N)|(4M,NO}|||(5N,NB)|(5N.NS)|
|actslslussut el aalds||(NQ.INI)||(NB)NI }|(IM,815)|||lteltht5)|
|noccacnnloa orcuss|||||||||
|Totn elute bsoaeg Pssmd||||BOBBED!57||||4235,762|
|Totcl aaldc sudul loluud||3729.846|-|3,729.846|4,038,887|||4.0
N7|
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|Cash Sans fmm operagng acthdths||||
|---|---|---|---|
|Cash generataf from apmsiians||2,294,856|78,61D|
|Net cash prmdded
hy (used in) aperatin9
acgvaes||2,294,856|78,610|
|Cash Srsas fram invesgng acthdhes||||
|Purchase oftangihie fixsd msets||(75,550)|(36,160)|
|Saieaftsngibiefised
assets||||
|Inlelest received||10,327|14,625|
|Inlercst pair!||(13,101}|(12,275)|
|llel cash pmvidod
lay (used Ia) Ilmcshnp
ncthdths||(78,324)|(33,610}|
|Cash Ihslrs yrmn Snanclng acrmrgac||||
|Loan rapaymmt
inyear|||(3D,818)|
|Netcash prmdded
by (used in) Snancing
acgvrges||(2,277}|{30,816)|
|Change incash and sash iVuiahn
Iepclta le pe dad|in the|2/14,255|14,152|
|Cash alai cash
lplivahatsat
the hegllanng cf||||
|ihe Iepoding paged||4,889,061|4,874,879|
|Cash and cash eqrdvatcnts attlm end|clem|||
|~choline penod||7,103316|4,889,061|
##
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|||||2021|||2020|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||Nates|funds|funds|funds|funds|funds|funds|
|Fixed Assets||||||||
|Tangible assets|12|515,132
515,132||515,132
515,132|520,115
520,115||520,115
520,115|
|Current Assets||||||||
|Debtors|13||1,275,806|1,275,806||1,784,562|1,784,562|
|Cash at bank||3214,714
3,214,714|3,888,602
5,164,408|7.103,316
8,379,122|3.521,049
3,521,049|1368.012
3,152,574|4,889,061
6,673,623|
|Creditors||||||||
|Amounts
falling due within
one year|||3474 408|(3,474,408)||892574|(1,892,574)|
|Nat current assets||3,214 714|1,690,000|4,904,714|3,521.049|1,260,000|4781,049|
|Total assets less
current liabilities||3,729,846|1,690,000|5,419,846|4,041,164|1,260,00D|5,301,164|
|Creditors||||||||
|Amounts
falling dua after
more than one year
Provision for liabilities|15
17||1 690,000|1.690,000|(2,277)|-
1,26D,000|(2,277)
1260,000|
|||3.729,846|-|3,729,846|4,038,887||4,038,887|
|Funds||||||||
|Unrestricted
funds|18|3,729,846||3,729,846|4,038,887||4,038,887|
|Restricted funds||||||||
|Total funds||3,729,846||3,729,846|4,038,887||4,038.887|
##
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|z Donations
and Legacies|z Donations
and Legacies|z Donations
and Legacies||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
||||||723|
|3Investment
income||||||
|||||2021|2020|
|||||E||
|||||10327|14825|
|4 Reconciliation ofnst income/(expenditure)|||to net cash|||
|flow from operating|activities|||||
|||||2021|2020|
|||||E|6|
|Net incomef(expenditure}
for the reporting
per the statement offinancial activities)|||period (as|90,959|303,185|
|Ad)ustments
for.||||||
|Depredsaon
charges||||80,533|58,409|
|Interest received
Interest paid
Decmsse I(Incresse) In provisions
Desnt f(Surplus) on orden cf$xed meets||||(10327)
'l3„101
30,000|(14,825)
12,275
(180,000)|
|Inasesef (Decrease) tn dehlms
Decnmse IUncresse) In crmnors||||508,T56
1,581,834|(563,354)
462,920|
|Net cash provided
by (used In) operating|||actlv(des|2,294,856|T8,610|
|5Income from Charitable||Activities||||
|||||2021|2020|
|||||E|E|
|Rents - Ifn
Recheiges
Fehm dtnrging
Local Aulhong Cms Fund||||2,092„47T
399
197,52T
15,119,538|1,956,511
39,791
137,927
14,087',067|
|Independent
Uvlng Fund
Supporung
Pooper Grant||||1,065,082|(487)
909.118|
|Diner Income||||n3rn|60|
|||||~19468
8|17129987|
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|g|Charitable|activities costs|activities costs|Total|Total|
|---|---|---|---|---|---|
|||||2021|2020|
||Chariteble|activities costs||19.nr 929|1932239!|
|r|Direct costs ofcharitable ac&vtties|||||
||||||2020|
||||||6|
||Slagcosls|||14,197,054|12,644,640|
||Travel and carexpenses|||20,823|86,538|
||Accommodagon
Coals|||1,849,054|1,503,126|
||Sad davis and provisions|||36,506|15,&40|
||oepmeagon|||33,064|11.278|
||Loss an see|ofassets||||
||Appordenment|afcosh||2.991912|2 3313n|
|||||~!929313|1661 &05|
|g|Support Costs|||||
|||||2021|2020|
||||||6|
||llanagement|||||
||Wages|||2,068,353|1529,478|
||Admhislrarcn|expenses||777,751|513,838|
||Eslahgshmem
costs
Oepmciagon oftangilde and herilage assets
Appcnlanmentor
cesl|||246,339
68,021
~IS1912|312,333
53,451
~235133!|
||||||'i57,717|
||eovemansc|costs||||
||Wages|||65,903|55,971|
||Auditors'
remunmstlon|||14,160|9,260|
||Administfs&on|||10,000||
||Commt&ee|exprflses||||
||||||71,828|
|s|l4st (income)/expend0upe|||||
||Met income|(effpendtture)|isstated agar chargingl(crediting|||
|||||2021|2020|
|||||K||
||Aadilors'
mmuneraucn|||14,160|9,260|
||Oepmchgon-awned
assels|||101,085|64,729|
||Opemgng leases|||||
||Surplus on disposal ofaxed asset|||||
|||||1132O|73,989|
##
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##
||No Tmstees received any|remuneration|In 2D21 or2D20.|In 2D21 or2D20.|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Trustee expenses paid during the year||||40|303|
||||||40|303|
|11|Staff coals||||||
||||||2021|2020|
|||||||6|
||Wages and salaries||||14,569,239|13,129,851|
||social secudty costs||||1,191,207|1,018,318|
||Pension costs||||592,567|268,458|
||Provision tor redundancy||||||
||||||16353 033|14416627|
||Average Number ofPersons Employed|||during the year|708|645|
||Persons Empbxyed al End|ofYear (Permanent||and Casua0|734|668|
||The number ofemployees|whose emoluments||amounted toover|||
||060,000 Inihe year were as follows:||||||
||||||2021|2020|
||000,001to%f00,000||||1|1|
||rggfmf to%00,000||||2||
||670,001to000,000||||1||
||060,001to070,000||||||
##
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|ty|Tangible Gxed assets|Tangible Gxed assets||2020|
|---|---|---|---|---|
|||||6|
||Fmehold Prepeltyr||||
||Cost
At tat apry|||550,000|
||Addiyons||||
||Dispasals||||
||Depmaiation
Attstapts
Ctmeea
yem||134,334
22~9|111,944
22,389|
||bispessls
BelBeak Value||393 ll|41 666|
||knpnwemenls|to Pmperlyr|||
||Cost||||
||Attstapry||||
||Addiyms||||
||Oispasals||||
||Dremcfeaon
At tstAprl
Ctwae far year
Disposals
BelBook Value||52,699
8,137
(28,555)|42,300
10,399
2,
7|
||Pm)aet Fumituret||2621|2828|
||Cost
At tat ppra
Addiasns
Dispasals||28,531
2,420
(436)|27,195|
||Oepmaiation
At tat apry
Clmps far year
tyspas ale
BetBosh Value||12.323
3,747
(436)
881|8,35l
3,530
16268|
||Furniture:||||
||Cost
At1stApm||10203|9,890
314|
||Addilhns||||
||Oisposah||||
||lmpmahaon
Attelpiny
Clwaefaryear||6,095
1,189|4,926
1.168|
||Olspossh
BetBask Value||2999|110|
##
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##
|Con(Id....Tsngfbie|gxed assets|||
|---|---|---|---|
|||2021|2026|
|Cuinputer
Egulpmestr|||3|
|Cost||||
|At letapra
Addidsns
Oispcsels
Oepruaietian||284.183
'73.130
(40205)|202.530
34.946|
|At tetApri
ClmSe far year
Sspmals||212,MT
45,071
46.705|144.970
20.Q23|
|net BookValue|||71674|
|Tent||||
|Cost||||
|At 1stApra
Adds hen
13spmcls
neprecialion||838,173
75,550
(70.8M}|854.071
35.1st|
|At tetaprN
ChmQe ficryear
Oispcsah
net BookValue||4I0.058
85.533
(76.008)
515132|312.%7
53.4M
526,115|
|At31stnmnh -Cunent Year||5'l5,132|520.1'l5|
|AtQlst INarch -Pdor Year||520.115|542.304|
|13Debtors: amounts
falling due within one year||||
|||2921|2020|
|Oekhis lmlger||1.166.N0|1.421.M7|
|Pmpsyments
and argued|scone|174.000|302,925|
||||1,784,602|
|m Creditors: amounts|falling due within one year|||
|||2021|2820|
|Bank loans and mmnlraks
soaial Securilyeml oker
0!hercmcfihcs
Deferred mcame|(seenate 15)
laces|2.277
274.329
I,501.020
i.506,77e|6
30.818
254.558
1.029.770
577.420|
|||3474400|1,892.674|
|Dsferred Income:||||
|Oefened ipccme icoueht farnard
Asmunis rehsced lo inccme
Amcunh dchned m Ihe year||577.420
(5TT.420)
i.aoe,770|274,ms
(2T4.480)
677.420|
|Oekncd Income earned fsmmd||||
##
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##
|15Creditors: amounts
falling due after one year
Bank loans (sae note lg)|2621
6
0|2026
~212|
|---|---|---|
|15Loans|||
|An analysis oftbe mArly ofloans isffuen bakes|2621|2020|
||6||
|Amaunls
falling due again one year on denund:
Bank Loans|2,277|38818|
|Armllrlle
falllrlg due Irl recta druinle yaenc|||
|Repayable by Instslmenls|||
|Bmk Loans Inure Ibsn5yaws by instslments|||
|Bank loans totalling K2,277 (2020:533,095)are secured by way ofLegal Charge over the pmperly at Lamboume|||
|Crescent, Llanishen
dated 20th June 2006.|||
|17Provisions for liabilities|2021|2028|
||6|8|
|Penskm Pension
(see note 22)|I6e.ooO|I 2686118|
|15Movement
In funds|2021|2628|
|Unrestricted
funda:|||
|Genual kind
Hmsng
Imnegt rasarye
At1stAPra
Gemini fund
Housing benefit reserve
MetMovement
InFunds
Ganeml fund|3,297.664
741„223
2,635,846
102,279
2,738,125
3,047,166|3,487,644
748.050
235,782
1,789200
6,835
1,782 65
1,979,160|
|Hrmsing banenrasenre|||
|Tnmsfere between funds
General fund
Huuasrg bann mssrvs
At31stklarcb|2,886.344
843,502
3,729 840|3,
7,6
741223
4,838,887|
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|ts|Commhments
under operating leases|||||
|---|---|---|---|---|---|
||||2021||2820|
||Asm 31stUanh 2K!I mbus had annual eommilmenh|under non||||
||eaimelhbls
operates leases assst out belsrr.|||||
||Oman esuipment|||||
||Operatns hsses due nshin I year||I1,800|||
||Operatns leases dus wilhin 2and 5yeah||42,520||08.385|
||||||08,385|
|20|Net Debt Rslnctgstion|||Other Non
Cash|At end|
||||Cash-Ftows|Chansss|ofyear|
||||8|8|2|
||||2,214255||7,103.315|
||Loans farms due wilhn 1year||(2,277)|30.810||
||Loans fashs due assr I year|||I3IL018)|I28,541)|
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|PRINCIPAL FINANCIAL ASSUMPTIONS (%PER ANNUM)|31stMarch 2021|31stMarch 2020|
|---|---|---|
|Discaunt rate|2.1%|2.3%|
|RPIfngsson|||
|CPI Insasan|2.7%|2.0%|
|Rata afhaease topensions h payment|2.7%|2.0%|
|Rata ofhnvsam lo dsfsnad pcisions|2.7%|2.0%|
|Rats ofgancml ineascs insshdcs||3.0%|
|Halos||31stMarch 2021|31st Nlarch 2020|
|---|---|---|---|
|Yearofaliis baca hdde||||
|Rating toslane base mbls Iyaam)||||
|Scaling to above baca labia roles||||
|Impnnemc'nls
lahase talfs raus||||
|Future sfssns horn ags 65(aged 55atacoournng|dais)|22.3|222|
|Fotme sfagms fmm age55(agcd45ataccoongng|dale)|23.3|23.2|
|Females||||
|Yanr ofsirlb bass fable||||
|Ragng toshave bsceioblc (years)||||
|Scaling toshove base table mtcs||||
|lmprovensssa
tchans tigris islcs||||
|Fonna fifsgms fnvn ags 55(agsd 55stsccmrnsng|date)|24.7|24.0|
|Future Nabms Som oge55(aged 45staccoun5ng|date)|26.1|26.0|
##
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|ESPECTEORETURN ON ASSETS
7be appnsdmate
spill ofassets forthe Fund asawhale (base
shown are RM USsuntM rates Gfrehsn adCP(ed by the Empby|d Cn date supplied bythe Fund Adm(
er ferthe putpcses 9(FRS102.|nlstedng||
|---|---|---|---|
||Estimated asset|Esthaaled asset||
||split at31March|spstat31lgarch||
||2021(%)|2029(%)||
|Equilies
empanel
Gouemms ntBoels|05.0%
0.6%
'le.7%|80.3%
0.0%
0.5%||
|Coqerah Bonds
Cash|15.7%
1.4%|15.0%
L4%||
|Cher
Total|rL0%
100.0%|0.1%
1$(0%||
|RECONCILIATMN
OF FUNOEO STATUS TOOAUINCE SHEEf||||
||Value at31March|Value at31IEaroh||
||2029|2020||
||SM's|EM's||
|Fair caine afames|5,12|422||
|Premnt cate offended Ihhil5es|001|540||
|Pensee asset r(TNOnf)|(1.00)|(1.20)||
|Unmcoanhed
assetduatosnil||||
|Pensian asset I(AAililf) recognised an Sm Ihlance Sheet|(IAe)|(128)||
|AHALTSIS OFTIIEPROFIT ANO IOSSCHARGE|Period emllng 31
March 2021|Petted ending 31
March 2820||
||SM's|SM's||
|Cumet senrice cost
Pastsedm cast|9.09
0.00|000
000||
|Interest cnst|0.03|902||
|Expeded mhrn anassets
Curlallmeat cost|Rae|080||
|Semlunesl cast|0.00|OAO||
|Expense mmanhed|0.12|0.10||
|CWINGES TOTIIEPRESENI VALUE OFLMGILIIMS OURINO||||
|THEAccoutniae
PERloD||||
||Period ending 31|Period endina 31||
||March 2021|INarch 2520||
||SM's|Emh||
|Open'eg present uahc ofIiahmes
Cuemt semice rest
Inlemt oust
C~toparfuipsnh
Adueial (gains) Ilasses onirenics
Nclhmees pals Ixlt
Pactmaha Inst
Nli ulures un Io2au%en Seal dopeach ssd meeaims
C
mhaeah
Setllemenh
Ctelrlg pmsent mlue oiliahsrss|6.48
0.09
0.13
0.03
I.1~
(0.03)
0.00
0.00
0.00
OAO
tL81|5.23
OAII
9.13
0.03
0.04
(0.03)
0,00
000
OAS
000
540||
|S|0)O||Page 55of57|
##
##
##
||Period ending 31|Period ending 31|
|---|---|---|
||Starch 2021|Starch 2020|
||ESI's|KN's|
|Opsrdug fairvalue sfsusen|4.22|4.29|
|Expedsd return anassets|0.10|0.11|
|Actumisl gshdf gossrm) on assets|0.11|(0.46)|
|Cnntrihd one bythe employer|0.09|0.20|
|ontnbufions
hypsrbdpents|0.03|0.03|
|Net imnnfils paid oul|(0.03)|(0.03)|
|Net indense in sands from dsposals and acmfisTiions|000|0.00|
||0.00|0.00|
|Closlrig fair vnlda ofenmls|5.12|4.22|
|AClllAL RETURNON ASSETS|Period ending|Period ending|
||31Nmch 2021|31March 2020|
||60's|EM's|
|Expsdsd rdum mrussds|0.10|0.11|
|Actumtd gslnsf fosses) on assets|0yf|(0.46)|
|Actus! mlum on admla|0.81|(0.35}|
|AIIALYSIS OFAMOUNTS RECOGNISED IN STRGL|Period ending
31Narcll 2021|Period ending
31March 2020|
||60's|Kfifi's|
|Total eiisel gelMI (bases) ensliig durliig fiieperiod|0.11|(0.46)|
|Tabd liahiny gdrisf gosces) sdslng dodos Iha psdod|(1.11)|(0.04)|
|Total gainer fosses) iiiSTRGL|(0.40)|(0.50)|
|HISTORY OFASSETVALUES, PRESENT VALUE OFUAGnff IES|||
|AND SURPLUSIOEFICIT|||
||Pened ending|Period ending|
||31March 2021
fN's|31 Marclt 2020
Ehfs|
|Fijrvalue ofissen|5.12|4.22|
|Pmsenl value offiabiffiss|6.81|5.40|
|Smplusf (deficit)|(1.60}|(1.?6)|