ANHEDDAU CYFYNGEDIG (Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 {Company Registration Number 2380151) (Charity Registration Number 701697) ANHEDDAU CYFYNGEDIG LEGAL AND ADMINISTRATIVE D￿AlL$ The Trustee Directors Ihereafter referred to a5 Yrustees-) present their report and audrted accounts forthe year ended 31 March 2022. This also constitutes the Directors. Re￿1 as a c)mes for services. Koy Perforniance Indlcators Anheddau measure key performance indKators {KPls> to help assess the impact the Charilable Company makes and it5 effectiveness. The following KPIS are captured as part of our day-l(￿aY regularity requiremenls and recording processes: Ke Perforniance Indicator Average number of Sery(￿ users supported in the year Approximate number of hours care provided in the year Average number of employed people Ihead-count) Number of complaints re￿Ived Number of compliments received Outcome of regulatory inspections- average assessment 2022 146 276.536 248 2021 155 289.136 260 13 Éxcellent report fmm CIW Excellent report from CIW Plans for Future Perlods The primary objective for Anheddau forthe immediate future is to ensure ourwork continues to meet our alms, and that deasions are made in the interests of the individuals we support. To enhance this fvrther we are digilalising our services to monitor service delNery outc(4nes and irrfomi serrfice developmenL We continue to develop and expand in a financially challenging dimale. whilst maintaining the high quality of service lo e￿$ting and new individuals in a person-centred and OUt￿m&fOcUSed way. Anheddau could be subject to contract re-tendering in all areas. This could result in significant growth or loss of contracts. Each lender opportunity and their potential implication is considered as they arise. Anheddau's aim is lo maintain continuity of seThice for the supported individuals Mthilst ensuring the sustainability of rinanoal and people resourcin9. We will continue to respond and contribute lo development in Social Care. monitoring and responding to legi51alive, commissioning and regulatory thanges. ANHEDDAU CYFYNGEDIG TRUSTEES. REPORT- contlnued Publlc Benefit In meeting the objects of the chafilable company Ihe Trustees have ¢x)nsidered the Charity Commission guidance on public benefit and are satisfied that the activtties undertaken during the year have provided significant benefit to the section of the genef81 public. being as desciibed in the Guidance of being in need due to ill-heallh. disabilty. age or other disadvantage. See Achievements and perforynance. b81ow for more detail. Flnan¢lal Review During the yearthe charity has achieved a surplus of £236.116. Unrestricted reserves nowstand at £1,997,202 (General fund balance) after segregating funds relating to future projects of £50.000. unrestricted fixed assets of £61.957, and restricted fixed assets of £72.500. The detsiled resulls and closing balances are shown on the Statement of Finanaal Activities and Balan￿ Sheet respectively. Policy on Reserves In accordance wlh Charity Commission requirements. all charities should set a reserves target to help ensure sustainability. having assessed the risks faciThJ the Charity (see risk management section. below). Anheddau needs reserves for lh9 lollcwing r9asons:_ a) To provide sufficient working capital for ib day to day needs: b) To enable it to continue lo operate in the evenl of a Cfisis. whether foreseen or unfcyeseen: c) To enable it to cope with any reduction in its income- d} To finance and undefpin growth in ils actsvitses. The v¢ew olthe Truslees Is thatAnheddau needs SLrfficient reseNes to Cover the Charivs activities for a period of three io six months. and suificient liquid reserves (i.e. cash, bank balances or olher assets close to cash such as deposits) lo cover the payroll and other costs for a periTrJ of four month5. At the year end. approximately 3.3 months. liquid reserves are available. and 3.5 months. worth of general funds (after providing for non-liquid fixed asset funds)- See note 10 to the Accounts tor further details. The reserves policy shall infom) other spending decisions. whtth must be examined having regard lo their Impa¢t on it. Investment poliGy The Trustees have a policy of depositing cash held in loThJer4erm accounts wthere a higher rate of interest can be achieved, whilst ensuring a segregation of assets behveen various banks to prolect funds under the Financial Services Compensation Scheme IFSCSI and ensuring cash is readily available for short-lerm requirements, wthoul the need lo incur any operational finanang cosls. A sum of £5.000 is also transferred onto deposit each month unless there is an agreed written dispensatton from the Treasurer having corb5ulted with one or more members of the Council of Management. The Trustees believe that the Charity has adequate resources io continue in operational existence for the forseeable future. For Ihls reason. they contimie to adopt the going &)ncem basis in productn9 these accounts. ANHEDDAU CYFYNGEDIG TRUSTEES. REPORT- ¢onlinued Employment Policy The Charitys policy is to promole equalty of OPFX)rtunty to all in employment and the selection process irrespective of their gender, race, ethnic origin. disability. age. nationality. sexualtty. maritsl status and social dass. Anheddau oppose all forms of unlawful and unfair discriminalion. All employees arKI volunteers ￿11 ￿ treated fairly and equally. Selection for employment, promotion, training and any other benefits will be on the basis of aptitude and abilty- All employees will be helped and encouraged lo further develop their full polentkAI and the talenls and the resources ol the workforce will b8 fully ulilised to m￿Mise the effioency of the Organisation. Remuneration Policy 11 is a ststed aim ofAnheddau to: 'exercise fair and consistenl employment prad[￿.. This aim sits alongside the other aims of the Charity and is of equal importane*. The Truslees eonslder the Board of Trustees. the Chief Execulive and the Heads of Semce and Corporate Service as ￿mprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day lo day basi8. Trustees gNe of theii time freely and no Tnjslee Temuneralion was paid in the year. Delails of Trustee expenses and related third paty transactions are disdosed in rK)te 2 to the accounts. Trustees are required to disclose all relevant interests arKI register thern with the Chief Executive in a¢ts)rdarsce with tho thariWs p)licy and withdraw from deasions where a conflict of interest arises. Remuneration is one part ofthe relationshp belween employer and employee. Penslon payments by both employee and employer are determined by statute and are paid accordingly. The remuneration of support woTkws is currenuy set by the National Minimum Wage legislation. It is not the view of the Trustees that this represents adequate rernuner8tion for the vA)Tk undertaken and the Trustees are commilled to pawng a fair wage for the posl once sufficient income can be sustainabty achieved. Since the year end Svpport Worker wages are based on the voluntary Real LNing Wage rate, which has been further lopped up lo a rate of al least £10 per hour in order to reflect the increased cost of INing experienced this year. The Anheddau payscale represents six levels from Supportworker to CEO. The levels above supportworker have been severely compressed since 2013 due to the impael of legislation. The Trnslees are addressing this compression and increasing more senior rates gradually as fjnanGes ￿lOw. The pay scale showing all levels is available to all staff. Anheddau has a Joinl Bargaining A4reementvith UNISON aThJ encourages membership amongst staff. The ExeculNe Board meet quarterly with UNISON. The level of pay and lemis and conditions currently available to all employees represents a challenge to the charity in temis of meetin9 its objectives as the recruilmenl and retention of slaff is undermined by olher opportunities existing in a tight labouf market. The Exe￿j11ve Management Team are proactively engaging with the Commissioners of service to address this issue. ANHEDDAU CYFYNGEDIG TRUSTEES, REPORT- cO￿l￿Ued Elhlcal Employment Anheddau are signed up to the Welsh Govemmenl Code of Ethical Empk)yment in Supply chains. The code is designed to ensure that Worke￿ in public sector suppty chains are em￿oyed ethically and in compliance with both the letter and spirit of UK. EU and inlemalional laws. In recognition of Ihe responsibility thal it shares wlh all its suppliers. associated contraclors or any other third parties engaged in the supply chain to operaie ethI￿lly. An Ethical Employment Group is estsblished with commitment from the Tnjslees with the adoption ofthe Ethical EmployThent Policy in December 2020. Modem Slavery has been identified as a key risk on the organisalic¥)al risk register. Anheddau is committed lo ensuring that there is rK) modem slavery or human trafficking in our suppty chain or in any part of our business. We have a range of polieies. including anti bribery. whistleblowing. disciplinary procedures and diversity which rellecl our commitmenl lo acting ethically and wilh integrity in all our business relationships. Anheddau was required lo repori under the EqualityAct 2010 (Gender Pay Gap Information) Regulations 2017. On the snapshot date Anheddau was legalty required to publish speafied inf0m￿tion relating io their gender pay gap. In summary. at Anheddau. wornen earn £1 for every £1 ihat men eam when comparing medi8n houdy pay. Their median hourty pay is 0% lower than men's. The report was calculated in accordance with Ihe Regulations and is legalty Compliant. During the yearthe Organisation ha5 taken a numberof steps io proted against the risk of mcrtlem sfavery and human trafficking in our supply Chains. This inculdes: Reviewed the risk assesment of provtders. Prompt payment to all supplws Conlinualion of the ethical employment gyoups v#hith is a steering group. Reviewed all polic¢es Review all employment pdicies which are available on the staff personnel system. Operated covid safe management and administration prrxesses. Monitoring and due diligence is undertaken by the Ethical Employment Group %thich has been sel up lo develop, implement and enforce effectwe systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chain. The Ethical Employment Group membership is made up of CEO Head of Servtces Head of Corporate Services Finance Manager Health & Safety Manager Contracts officer The group meet quarterty. ANHEDDAU CYFYNGEDIG TRUSTEES, REPORT - continued Ethlcal Employment- contlnued The remit of the group is as follows: Undertake regular reviews of our purchasing and due dilbJence processes including ￿ndUcting risks assessments and monitoring. Ensure that our HR and payroll systems are effedive to identify and report on any potentlal breach of the legislation and put safeguards in plaGe to manage ihe risk. Maintaining good and open communication wilh our supply chain to ensure there is a dear understanding of expectslion. activity and compliance. To date we have had no reports of modem slavery within our organisation nor our supply thains. External buslness rolationship5 In maknng decisions, the Charity ensures that Telationships are mainatined with suppliers. those we support and other stakeholders in upholding its good rewlati¢)n as a Charity and key element in the supply chain of services provided. Management of kèy risks The Trustees have a risk management strategy which comprises: A ￿￿lar review of the detailed Risk Register which i¢Jentifies the key risks and the strategies employed to address them.. tho establishment of policies. systems procedures lo mitigate the identified risks" the implementstion of procedures designed to minlmis& or manage any potenlial impact on the organisation should those rtsks materialise; This work has identified Iwo broad main cat￿rIeS of risk faclng Anhethlau: Namely the safeguarding of the indiwduals we svpport and financial risks. Govld 19 Pandemlc related rlsks Along wth all other czre providers. management ar￿ staff had to reactquickty tothe impactof Covld 19 and working practic*s. We wer8 successftjl in obtaining suitable Personal Proleclbve Equipmenl IPPE) when required and were abb lo keep working ￿ our service users as requi￿{J. We have continued to mainlain sale worknng practices and provide the care needed wilh litue interruption. There have been no major health issues arising for supported individuals or staff. which we are glad lo see. Due lo our advanced and secure ICT funcb"on. with doud-based systems. administrative staff were ea&ly able to transfer lo working at home or other suitable locations wthoLrt disnjption. Hybrid workirrfJ arrangements are now well embedded and effectiVO. Sinco we do not rely on trading income or pU￿1C donalicms, inc¥me llows were not affected, when one-off govemment grants were also taken into ac{￿nL Management are ￿nfident that the Charity is p￿P￿ed for any fLthre disrupti(￿ that may arise from the P8ndemlc. ANHEDDAU CYFYNGEDIG TRUSTEES. REPORT- eontlnued Management of key rlsks- continued Safeguardlng The key risks surround tho availabilrty of svitaLqy trained staff and ensuring that Safeguarding and the reporiing procedures which surround it are embedded in everyday practice. The concept of safeguarding is imF4ementing measures (rKotoccAs. risk assessments, MDT) to ty and prevent abuse and ensure the safety and wellbeing ol the Indi￿dual. The wncepl of protection is accessing inlemal and processes lo formally report and record con¢em￿alle9alIc￿$. Safeguarding is the rtspon5ibility of ever>Dne thal ryjmes into contact Mth a vulnerabte pe￿0￿. if capacitsled derA5ions are ewdenced the servi¢e user should be erKouraged and supporte(S lo make infomied choices. Safeguartling is a stalulory responsibility in response to indNidual ￿SeS where risk of hann has been identified and this concem has been highlighted via the POVA (Protection of Vulnerable Adults} referral system to the local aulhority. Additionally. people who work with vulnerable groups musl be alerted to the possible indicaloTS of abuse and be able lo act lo protect them from hami. In order lo ensure the above knheddau embeds the principles and practical aw8fenes$ of Safeguarding in its core training progranmne. Prfnciples of gLK*J praclice Recognise the rights of indi￿d￿$ and treat them ￿1h dignity arKI re5pecL Train staff to be aware of risks and the r*eds of vulnerable groups. Plan the %￿rk of the Organisation to minimise OppOrtun￿e$ for vulnerable groups lo suffer hami. I stsff training is updated annually. The maln legal enforcement framework is in Ihe. "Safeguarding vUlnera￿e Group$". Act 2006. and its supporting regulalionsand the."Prolection of Freedoms Acr. 2012: Aswell as the Soryal Serybce$ and Well-being A¢tlWales) 2014. FlnancSal The extemal finanual dlmate facing AJ)he(Jdau. sooal care. is extremely thallenging as the twin forces of increased legislative requirements and the dwindling resources available from Commissioners to PrOv￿￿e services cdlidè. Anheddau therefore manage5 its finances robusuywa Ihe sc¥utiny ofthe Finance sub Group ofthe Ttustee Board which reviews the finanoal viability of all seNces quarterly. This Group comprises the Treasurer. CEO, Finan￿ Managers and extemal profess￿81 ac¢tsJnlancy support from ChaThyion TLL Ao))unt8nts. Golng concern The Accounts are prepared on a going concem basis. which the Trustees consider to be appropriate having considered the foreseeable fulure. The Chariltable Company hoTds reserve5 which are sufficiently in line wth it's reserves policy. Fundraising Less than 1 % of Anheddau's income is generated by fundraising. This is entirely fxmfined lo grant base¢J donations. Anhedd8u undertakes public fundraising and there have been no complaints received regarding its fundraising aclmties. Anhedd8u does not engage the services of fundraising consuliants. ANHEDDAU CYFYNGEDIG TRUSTEES, REPORT- conllnued Organlsatlon Chart as at 31 March 2022 BOARD OF TRUSTEE DIRECTORS COUNCIL OF MANAGEMENT Execullve Managers Board Chair. CEO. Head of Serv￿￿ and Head of Corporat& s9￿C8s Service Delivery and Safeguarding Group Truste￿ arKI Hoad of SeThices Finance Sub Group T￿8$urer. CEO, Finan￿ Manager and Arzountsnt Corporate Services Sub Group Trustee, Head ol Cijrporate serVi￿S, IT Manager, H&S Manager, Wcrfkforce D8velopment Manager C.E.O Clair Higgins (&nce August 2022) Janotta TJones (untilJune 2022) Head of SeNice Head of Corporate Servlces Sharon C Burke Nia E Prendergast Senior Managers Finance Manager. Assistant Heads of Service. Assistant Head of Corporale Services, Workforce Development Manager. Health and Safety Manager. Bid wiiter l Researd)er Arealservice Managers Anglesey Conwy Denbighshire Gwynedd Administrative Managers Contracts Manager Training Manager HR Manager Payrol Manager House Managers Anglesey Conwy Denbighshire Gwynedd Admlnlstrative Officers Finance Officer Payroll Officer Receptionist Intemal Verifiers Support Workers ANHEDDAU CYFYNGEDIG TRUSTEES. REPORT- continued Statement of Trustees. Responslbllltles The Tnjslees {who are also directors of Anheddau Cyfyngedig for the purposes of company are responsible for preparing the Annual Report and the Financial sL￿ements In accordance with applicabl8 law and United Kingdom Accounting Standards {UK GA4P). Company law requires the Trustees to prepare financtal slatements for each financsal year which give a tfue and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resource5 induding the income and expenditure of the charitable company for that period. In preparing these financial slalements. the Trustee5 are required to: select suitable accounting policies and appty them con5t5tentty: observe ihe methods arKI principle5 in the Charity SORP: make judgements and estimates that are reasonable and prudent. stsle whether applic2ble UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the Finanoal Statements- and prepare the financial statements on the going CO￿ basis unless il 1$ inappropriale to presume that the charitable company will continue in business. The Trustees ore responsible for keeping adequale accounting reC￿lS that disdose with reasonable accuracy 8t any time the finanaal position of the charita￿e company and enable them to ensure that the financial statements comply wilh Ihe Companles A(1 2006. They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware. there is no relevant audit information of which the charitsble company's auditors are unaware and the Trustees have taken all steps that they ougm lo have taken to make themselves aware of any relevant audit InfO￿atIOn and to establish that the auditors are aware of that infom)alion. The Trustees are responsible for the maintenance and integrity of Ihe COTporale and financial infomiation included on the charitab￿ compan￿5 webstte. Legislation in the United Kingdom goveming the preparation and disseminabon of financial statements may differ from legislati￿ in other jurisdictions. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the srnall companies, regime. a.g.l.912022 This report was approved by the Board on ... and si￿)ed on its behaw by: N E Prendergast (Company Secretary) B M Jones (Trustee I Chair) io INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF ANHEDDAU CYFYNGEDIG Opinion We have audited the financial statements of Anheddau Cyf (the 'charitable company) for the year ended 31 March 2022 vthich comprise the Statement of Finanaal Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of significant accounting polictes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United lthngdom Generally A￿pted Accounting Practice}. including Financial Reporting Slandard 102 Tre Financial Reporting Stsndafd applicable in the UK and Republic ol Ireland,. In our opinion the financial statements= gNe a true and fair view of the slate of the tharttable company's affairs as at 31 March 2022 and of ils incoming resources and application of resources. including its income and expenditure. for the year then ended.. have been properly prepared in accordan(x with United KÈngdom Generally Aeeepted AccA)unting Practice. including Financial Reporbng Standard 102 Yhe Financaal Reporting Stsndard applicable in the UK and Republic of Ireland.: aNI have been prepared in ae¢ordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Int¢mational Standards on Audibng {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards ar8 further described in the Auditors, responsibilities for the audit of the financial ststements seclion of o¥Jr report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordan￿ wth these r￿uireMents. We believe that the audit evidence we have obtair￿d is sufficient and appropriate to provtde a basis for our opinion. Concluslons relating to going concern In auditing the financial statements. we have conduded that the trustees. use of the going concern basis of accounting in the preparation of the financial stslements is appropriate. Based on the work we have perfonned. we have not id8ntffied any material uncertainties relating lo events or conditions that. indivtdualty or collecbvety. may cast significant doubt on the charitsble companws ability lo ￿ntinUe as a going concem for a period of at least twelve months from when the rinancial slalemenls are authorised for issue. Our responsibilities and the responsibilibes of the tnths wilh respecito g￿ng 1￿CeM are described in the relevant sections of this report. Other Inforn)ation The trustees are responsible for the other infomiation. The other information ￿rnprises the infornalion included in the Annual Report. other than the financial stalements and our Report of thg Independent Auditors thereon. Our oplnion on the financial stalements does nol cover the (ther inlomiation and. exopt to the extent otherwse explicAlly staled in our reporL we do not express any form of assurance conclusion thereon. In ￿nnectIOn with ourauditofthefinancial statements, our responsibifjty isto read the Otherinfomia￿0n and. in doing so. consider whether the other informalion is materially inconsistent with the financial statements or our knowledge obtained in the audit or olherwi%e appears lo be materially misstated. If we identify such material inconsistencies c* apparenl material misstatements. we are required to determine whether this gNes rise to a material misstalemenl in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other infom7ation. we are required lo report that fact. We have nothing to report in this regard. li INDEPENDENT AUDifoR'S REPORT TO TrIE MEMBERS OF ANHEDDAU CYFYNGEDIG- continued Oplnlons on t)ther matters proscribed by the Companles Act 2006 In our opinion, based on the work undertaken in the Course of the aud￿. the infom)8tion given in the Report of the Trustees for the financial year for whlch the fina￿81 statements are prepared Is Lxjnsistent with the financial ststements.. and the Report of the Trustees has been prepared in acyJwdan¢e with applicable legal reqU1￿Ments. Matters on whlch we are required to report by exception In the light ofthe knowledge and understanding of the charitable (￿7panY and ils environment obtained in the course of the audi( we have not identrfied malerial mi5Stalemenls in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companles Act 2￿6 requires us to report to you rf. in our opinion.. adequate accounting records have not been kept or retums adequate for ijur audit have not been received from branches not visited by us: or the financial statements are not in ag￿ement with the accounting le￿Id$ and relums: or ertain disdosvres of Injstees, remunerabon specified by law are not made: or we have not received all the information and explanations we require for our audit,. or the trustees were not entitled to lake advantage of the small Companies exemption from the requirement to prepare a Slralegic Report or in preparing the Report of the Tnjstees. Responslbllltles of trustees As explained more fully in the Statement of Trustees. Responsibilities. the trustees (who are also the directors of the charitable company for the purFJoses of company law) are responsible lor the preparation of the finanaal statements and for being satisfied that they gNe a ttue and fair wew. and for such inlemal control as the trustees determine is necessary to enable the preparation of ffinanoal statements that are free from material misstalement. whether due to fraud or error. In preparing the financial slalements. the trustees are responsible for assesslng the charitable company's abilty to continue as a going concem. disd05ing. as applicable. matters related lo going concem and using the going concem basis of accounliftg unless the Iru51ees either intend to liquKlate the charitable company or to cease Operat￿$. or have no realistic altemative but lo do $0. Our responslbilltles for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl. vthether due to fraud or error. and to issue 8 Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit eondu¢ted in accordance wtth ISAS (UK) will always detecl a material misstatement when it exrsts. Misstatements can aiise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to inlluence the economic decisions of user5 taken on the basis of these financial statements. Irregularities, including fraud. are inslances of non-complian￿ with laws and regulations. We design procedures in line with our responsibilities. oullined above. to detect material misstatemen15 in respect of irregularities. including fraud. The extent to Ithich our [*￿edureS are capable of dete¢ling Irregularities. including fraud is detailed below- Based on our underslanding of the charitable company and the environment in which It operates, we considered the risk of acts by the charitable company that were contrary to applicable laws and regulations. including fraud. and designed audit procedures in response to this risk. We focussed on laws and regulations which could grve rise lo a malerial misststement in the ffinancial statements, including, but not limited to, Companies Ad 2006 and Charities Act 2011. 12 INDEPENDENT AUDrroR'S REPORTTO THE MEMBERS OF ANHEDDAU CYFYNGEDIG- Continued Our tests included: enquiring with management of any known or suspected irregularities. including fraud" evaluating the adequ8cy of inlemal controls designed lo delecl or prevent irfegularities. induding the risk of management override.. agreeing the amounts and disdosures in the financial slatements to underlying supporting documenlalion. 18sling journal entries to idenlify unusual transaclions: and evaluating whelher there was evidence of management bias on key judgements and accounling estimates. There are Inhe￿nI limitations in the audit procedures described above. The more removed that financial transactions are from the laws and regulations. the less likely it is that wewould become aware of non-compliance. Auditing standards also limtl Ihe audit procedures required lo identify non compliance with laws and regulabons to enquiry of trustees and management, and the inspection of regulalory and legal correspondence. if any. Material misslalements Ihal arise due to fraud can be harder lo detect than thos8 resulting from errots. as fraud rnay involve deliberate concealment or LY>llusion. A further description of our responsibilities the audit of the financial slalements is localed on the Financial Reporting Council's websf(e al www.frc.org.uklaudilorsrespon5ibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely lo the charitable companVs members. as a body. in accordance with Chapter 3 01 Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable companYs members those matters we are required lo slate to them in an aLEdilors' report and for no other purpose. To the fullest extent pennilled by law. we do r￿t accept or assume responsibilty lo anyone other than the charilable company and the chafilable companWs members as a body, for our audit work. for this report. or for the opinions we have fomied. Owain Ap Elfed FCCA (Senior Statulory Auditor) for and on behalf of Williams Denlon Cyf Chartered Certified Accountants Stalulory AudiloTS Glasfryn Ffordd Y Parc Parc Menai Bangor Gvrynedd LL57 4FE 7 November 2022 13 ANHEDDAU CYFYNGEDIG STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 Unr•strlcted R•strlcted Notes Funds Funds Total Funds 2022 Total Fund$ 2021 Income and endowments from: Generaled Funds InvÈsiment Income Bank interest (UK) Charitablg ActivilAes Supporbng People In the Community 9.325 9.325 6.643 7.070.030 7.070.030 6,462,120 Total 7.079.355 7.079.35S 6.468.763 Exponditure on: Ch8ri18blg Actryiiies.. Supporting Peo￿8 in the Communty - Wages & travel - Tfaining and recruitm¢nt ¢osts - Food & provisions - Property costs - offi￿ & insurance costs - Bank charggs & interest - Depretsation - Audli & accountancy - Professional lees 6.450.399 20.726 33.217 65.535 159.842 6.479 9.348 12.375 85.318 6.450,399 5.743,776 20.726 12,712 33.217 32,650 65,535 72.939 159.842 228.333 6.479 3.962 9,348 9,846 12.37S 11,100 85.318 80.026 To¢al 6.843239 6.843.239 6.195.344 Net Income 236,116 236,116 273.419 Gross transfers beiween funds 10 1.250 {1.2SO) Net Incomlng resources for thè ytar 237.366 {1.2501 236.116 273,419 Tolal Fuftd5 brntwht fcnY8nl 1.871.793 n.750 1.945.543 1.672.124 Tolal funds rArrEed lorward. 10 2.109.159 n.500 2.181.659 1.945,543 ' Part ol thè unrèstr1et￿ funds rèlatè to fix•d assèts {d•slgnat•d funds) as shown on th• Balanc• Sh••t. Comparatlve flgurns: The only movemenl on rèstri¢t$d lunds during th$ prior year w8$ th& annual £1.250 transfer to unrestricted (unds. The cornparative figures are summarised in notè 12 to tha Finanoal Stalemènis. The notes on pages 18 to 25 fomi an Integral part ofthese accounts. 14 ANHEDDAU CYFYNGEDIG Charity Registration Number: 701697 BALANCE SHE AS AT 31 MARCH 2022 unrestrfcl￿ RgslrEd 2022 2021 funds Funds Total Funds Total Funds Notes FIXED ASSErs Tangible assets Equity inveslmenl in group undertakings 61.956 72.5(Kl 134.456 143,805 3b 61.957 134.457 143.805 CURRENT ASSETS Debtors Cash al bank and in hand 435.406 1.902.￿0 435.406 1.902,000 859.282 1,403,048 2.337,406 2.337.406 2.062.330 CREDITORS: Amounis falling duewithin on& year (290.204) (290.2041 1260.5921 NET CURRENT ASSErs 1047302 2.047.202 1.801.738 ASSETS 1109.159 72,$00 2.181.659 1.945.543 RESERVES Unr&slricied resffis - Ggfberal - Designaled: Projects Supt - Fixed assets.. Other Restricted reserves {Land a BuikliNJs) 1.997.202 50,000 61,957 72.500 1,807.738 10 70.055 73.750 10 2,181.659 1.945.543 The accounts have been prepared in ¥C￿dance with the special of Part 15 of the Companies Act 2006 applicablo to small companies. 26.1..11202Z The a¢eounts ￿18 approved by the Boafd on ... . and signed on its behalf by.- B M Jones ffru$tÈ• I Chalri The notes on pages 18 10 25 lomi an Integral part of these arxounts. 15 ANHEDDAU CYPINGEDIG CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Cash flows from operating activities: Cash generated from operations 489 627 Net cash provlded by lused In) opeftllng attivitios 489 627 91.535 Cash Iliwts from Investlng actlvllles: Purchase of18ngible fixed assets Interest received 9,325 6.643 Net cash provldèd by {u$od In) Investlng actlvltles 9,325 6.643 Change In cash and cash equival•nts in the reporting period Cash and cash equlvalents at tho beglnnlng of tha reporting period 498,952 98.178 1.403,048 1.304.870 Cash and cash equivalents at the end of the reporting period 1.902,000 1.403.048 Anatysls of changes In net funds At 1.4.21 Cash Flow At 31.3.22 Net Cash Cash at bank 1,403,1)48 498,952 1,902,000 TOTAL 1.403,048 498,952 1.902.000 16 ANHEDDAU CYFYNGEOIG NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 RECONCILIATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2022 2021 Not Income for the roportlng perlod (as per the statement of financlal actlvitigs) 236.116 273.419 Adjustemgnts for. Depreciation tharges Interest received Decreasellincrease) in debtors Incieasel{deuease) in creditors 9.348 9.846 (9.325) 16.6431 223.876 (178,773) 29.612 16.314) Net cash provlded by (u$éd In) operating artiviti•s 489,627 91.535 17 ANHEDDAU CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting Policles Basls ol Preparatlon The accounts have been prepared under the historical cost convention (as modified by tho revaluation of certain fixed assets). Financial Reporting Standard IFRS) 102. the "SORP 2015. for charities (FRS102 version). and Companies Act 2006. Preparatlon of consolldated financlal statements The financi81 statements contain inforrnalion about Anheddau Cyf as an indNidual company and do not contain consolidaled finanaal information as the parent of a group. The company is exempl under Seciion 399(2A) of the Companies Act 2(K6 and Sub-seclion 24.13A of the Charities SORP (Charities Statement of Rec4)mmended Pradt*) 2015 from the requirements lo prepare consolidated financial slalements. Investmènts In subsidiarlos Inveslmenls in subsidiary undertakings are lnilial￿ re￿nised at ￿75t, and subsequently at fair valug. Fixed Assets Fixed assets are stated at cost and depreL?ated over their economic useful lives at the following rates:. Computer hardware & software 25% Office equipment & fumilure 15% Housing fumiture 15% Freehold land & buildings Leasehold Improvements reducing balance reducing balance reducing balance reducing balance Over the tern of the lease Indiwdual purchases of £1.000 or less are not generalty eapitalised. but expended to Ihe Statement of Financial Activities. A fixed asset register is maintained and ilems of a certain category (such as computers) may be capitaliseil even rf below Ihis value. Incomlng Resources & Funds Incom8 is accounted for once the Charity has entitlement to the funds, it is probable that th8 income will be received. and the amount can be rneasured reliably. The main sour￿$ of incorne are Servi level agreements from variou5 authoritie5 which are matched to the pericd they relate lo. AFI income is derived in the UK Income with reslridions imposed is alk￿ted to a restricted fvnd and matthed the expenditure. Capital grants are allocated to a RestrKled Fund and released over the tem)s of the restriction. Income has been split between the drfferent incoming resour￿. Ml Income (except bank interest) is shown as charilable aclivtties. Penslon The Charity operates a defined c4)ntribution group slakeholder pension scheme under Auto Enrolmenl where the cnntribubon rate is a fLxed percentage of qualfying pay. The Charity also continues to contribute lo certain staffs private pension schemes. The total contributions payable are di5dosed in the notes lo the ac￿unts. 18 ANHEDDAU CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 Accountlng Pollcles - continued Operatlng Leases Operating leases are charged to the Statement of Fir￿n￿al Aclivilies as incurred. Resources Expended All expenditure 15 included in the Statement of Finan￿al Activities in accordance with the acwals concept, where there is a legal abl￿allon committing the Charity to the expenditure. Charitsble activities include expenditure associated y￿ supporting people in the c(Knmunity. Support costs are included within charitable activities as analysed in the Statement of Financial Aclivilies. Govemance costs indude those costs ir￿Urred in thegovemance ofthe charityand those associated with constilul¥)nal and statutwy requirements. g. Support Cosls The general running costs of the Charity are detailed in the SORP and Notes lo the AcLX)unts. Since there is one charitable activity and no fund-raising athibes Category. il i8 not necessary to do any further allocation of SUPFXJrt costs. h. VAT The Charity is not registered for VAT, as such the VAT element is added to the related cosL shown gross. Statement of Financial Actlvlties Notes 2022 2021 Income - Supportlng People In the Communlty Mentsl Health Social SeNices Supporting People Client contribution and Client Monies Domialary Care Short Contracts Local Health Board Other Income 224.897 5,457,914 483.298 397,191 6.712 187.570 313.448 229.002 4,962.353 495.315 227.174 2,778 206.664 338,834 7.070.030 6.462,120 Expèndlture Property costs Rent Heat & light 61,624 3.911 67.370 5.569 65.535 72,939 19 ANHEDDAU CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 31 MARCH 2022 ststement of Flnanclal Activities Notes- Conlinued 2022 2021 Offlce and Insurante costs Printing, slalionery & adverti&ng Insurances Telephone Pholowpying costs Sundries Repairs & renewals Subscriptions Health & safety Cleaning CA)sts Computer costs 14.247 19.850 39.881 10.802 15.216 4.933 6,077 15.554 13,617 19.665 9.363 18.690 50,696 16,032 19,090 11,473 6,093 57.639 12.986 26.271 159,842 228.333 2022 2021 DeprecialFon 9,348 9.846 Auditorfs Fees: - Audlt services 7.200 6,600 Trustees have not received any remuneration for their services during this year nor the PTior year. Trustee expenses reimbursed during the year totalled £77 for Ivnch expense$12021.' £1.123}- This related lo one Trustee {2021: one Trustee). The full time equivalent number of staff (including relief staff)forthe yearwas 221. Carers'.19012021: 206): Admin: 31 {2021: 22) 2022 2021 Wages & Salaries Social Security costs Pension costs for 269 staff (2021: 262 staff) in scheme 5,824,407 452.486 113,954 5.194.628 391.792 102,113 6.39),847 5.688.533 The Trustees can conffim) Ihal Iwo employees were paKJ in excess of £60.000 p.a. forthis year {2021.'onel. Being £60k- £70k:1 {2021'one). £80k- £90k = 1 (2021 = NIL)- This increased due lo extra duties required of key *aff. The remuneration ol key management amounted to £213.687 for the year {2021 . £170,424). 20 ANHEDDAU CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2022 3a. Flxed Assets Land & Houslng Computer Buildings Furniturè Hardware & Sofiwar• Offic• Furn5ture Total CostNaluaUon Bal8n¢e bir Additions Dlsposals 210.452 19.803 2(KI.551 44.183 474.989 Balance dl 210.452 19.803 21x1.551 414.183 474.989 Depreclatlon Balance bff Charge for Iho year Eliminatsd on disposal 85.365 5.2n 17.488 187,838 515 3.216 40.495 331.186 9.348 Balanc8 clf .638 18.003 191.054 40.839 340,534 Net Book Value As at 31.3.22 119.814 1.800 9.497 134,455 As at 31.3.21 125.087 2.315 12.713 143.803 All fixed assets are used for charitable purposes. Land and Buildings indudes fre&hold assets of £113.918 (2021: £116,243) and leasehold improvements of £5,8% (2021= £8.844)- 3b. Equity Invostment in group undertakings Al Cost 2022 2021 100% Ordinary share capilal ofAnheddau Adra Cyt Anheddau Adra Cyf is registered in England and Wales. Debtors- amounts falling due within one year 2022 2021 Trade debtors Prepayments Other debtors 329.503 29.588 76.315 591,102 31.245 36,935 435.406 659.282 21 ANHEDDAU CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 Credltors- amounts falllng du¢ wlthln on8 year 2022 2021 Trade credito PAYE & NIC Olher Creditors and Accru81s 10.367 91.465 188.372 6,651 91,648 162,293 290,204 260,592 Creditors include £26,346 (2021: £28.154) due lo th8 Charity pension scheme at 31 March 2022. Capital Structure The charitable company is limited by gu8ranlee and has rn share c8pitsI. Operatlng Lease Commitments At 31 March 2022 the d)arity had the following nor￿a￿lIable operating lease commitments. Cumulative Commitrnenl Cumulative Commltment 2022 2022 2021 2021 Cars & Land & Cars & Land & Equiprnent Building5 Equipment Buildings Expiring Nthin one year Expiring in lo fNe years Expiring in more than five years 18.822 17.556 63.911 15.2¢)0 97,422 61,051 36.378 63,911 61.051 112,622 Related Parties The charity is o)ntrolled by the members of the Counul of Management. which are listed in their report. There were no related paty transacttons belween the charity and its members. ANHEDDAU CYFYNGEOIG NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 Analysls of Net Assets between Funds Un￿StriCted Funds Generall Fixed assets Designated Restrlcted Funds Total Tangible Fixed Assets Current Assets Current liabilities 61.957 72.500 134.457 2.337.406 {290.204> 2.337.406 {290,204) 2.047.202 61.957 72.500 2.181.659 10. Analysls of Funds Balance at 1A21 Income Expenditure Transfer Balance 31.3.22 Unrestricted Funds General - DesvJnated Projects - Fixed assets= Other 1,801,738 7,079.3SS (6.843.239} (40,652) 1.997,202 50,000 50,000 (8,098) 61,957 70,055 1.871.793 7.079.355 (6.843.239) 1.250 2.109.159 Restricted Funds - Land & Buildings fund 73.750 (1.250) 72.500 1.945.543 7.079.355 {6.843,2391 2.181.659 Unrèstrlcted Funds The general fund is used to further the ot4ecls of the Charity. The des*Jnaled projects and 5UPPOrt fund rewesents £20.000 identified for ongoing digilalisalion olcertain operations linked with remote working set-up, to be spent in the new year. logetherwith £30.000 being the cost of increasing each Support Workers pay rate to £10 per hour in light of CU￿ent increases in cost ol living. The designated fixed asset fund represents the net bcrt)k value of fixed assets {per the balance sheet, after deducting the related restricted fijnd) which ¢leaty do not represent'liquid, funds. ANHEDDAU CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2022 10. Analysls of Funds- Contlnued The view of the TnJstees is that Anheddau needs sufficient general fvnds I reserves lo cover the Ch8riVs acbvities for a period oflhree to six months. and suffioenl liquid reserves (i.e. cash. bank balances or other assets dose lo cash such as deposiis> to cover th8 payroll and other costs for a period ol four months. At the year end. approximately 2.7 months, liquid reserves are available. and 3.3 months. worth of general funds. Restrfcted Funds The land and buildings (und represents monies receNed to purchase specific fixed assets. released over the terms of the restridions. A transfer is made from restrided fvnds to unrestricted funds eath year to reflect the annual reduction in restricted assets. The Comparative figures for the funds is as follows: Balance at 1.4.20 Income Expgndlturo Transfer Balancè 31.3.21 Unrestricted Funds - General - Fixgd assets.. Other 1.518.473 78.651 6.468,763 (6.185,498) (9.846) 1,801,738 70,055 1.250 1.597,124 6.468.763 (6.195.344) 1.250 1.871,793 Restricted Funds Land & Buildings lund 75.000 (1.2501 73,750 1,672.124 6,468.763 (6,195.344) 1,945,543 11. Agency Transactlons During the year the Charity received Housing Benefft and olher income on behalf of certain service users which was re-distributed lo the relevant people in full. The attritsjtable am￿ftts are not included bthin income or expenditure of the Chaiity for the year slnce the Charity only acts as Agent in relation to these aff￿nts. The amounts administered and excluded are as fdlows: 2022 2021 - Income received and distributed (excluding Management Fee5) Net amounts awaiting distributson at year end (within creditors) - Amounts induded in the serwee users. bank account awaiting reeeipt (within debtors) Separate bank accounts held on behaw of service users {nol induded in Charity Balance Sheet) 227.450 224.095 42.291 411,472 444.466 24 ANHEDDAU CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 12. Comparatlve Statement of Ftnanclal Actlvltles FOR THE YEAR ENDED 31 MARCH 2021 Unrnstrlct•d R￿trIcted Not•s Funds Funds Totsl Funds 2021 Total Fund5 2020 Income and 8ndowm•nts from: Ggiierated Funds Inv¢stmènt Income Bank interesl (UK) Chaniable ActMtAeS Svppotting PeLWg in the Communty 6.643 6.643 3,455 6.462.120 6,462.120 S.887.995 Totsl 6A68.763 6A68.763 5,891A50 Expenditurè on: Charil8bl8 A¢livitias.- suppO￿ng Pe￿8 in Ihe Community - Wage5 & travel - Training and recruilment cosls - Food & provisions - Propety costs - Office & insurance costs Bank charges & intere$1 DepreThat￿n - Audit & accountancy - PmfessK)nal lees 5.743.776 12.712 32.650 72.939 228.333 3.962 9,846 5,743,776 5.348,326 12.712 14,603 32.650 27.707 72.939 69.923 228.333 210.371 3.962 4,776 9.846 11.051 11.100 10.800 80,026 57.851 80.026 Total 6.19SJ44 6.195,344 5.755,408 Not Income 273.419 273.419 136.042 Gross Iransfers b8hveen funds 10 1250 {1.29)) Not Incomlng resources for the year 274.669 273.419 136.042 Tolal Funds biou9htforward 1,597.124 75,0(K) 1,672.124 1.536,082 Total funds earrfed lo￿8rd. 10 1.871.793 73.750 1,945,543 1,672,124 ' Part ofth• unr•strl¢ted funds rnlat• to fixed as$ttts (d•slgnated funts) as shown on th• Balanco SheeL