2021-03-31-accounts - Llamau Limited

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Trustees' annual report incorporating	the strategic	report
Reference and administrative details			20
Independent auditor's report			26
Statement of financial activities			29
Balance sheet			30
Statement of Cash Flows			31
Notes to the financial statements			33

Reference and a	Reference and a	Reference and a	dministrat	ive	details
Charity Number			701772
Company		Number	2396224
PrinciPal	ar
Registered		Office	23 Cathedral		Road, Cardiff,	CF11 9HA
Auditors			Azets Audit Services			Ty Derw, Lime Tree Court, Cardiff
						Gate Business Park, CF23 SAB
Bankers			Barclays Bank PLC			Cardiff	Business Centre,	1 - 5 St
						David's	Way, St David's	Centre,
						Cardiff	CF10 2DP
Solicitors			Loosemores			18/19	High Street, Cardiff, CF10
						1PT
Investment			Charities	Aid	Foundation	25 Kings Hill Ave, Kings		Hill, West
Advisors						Mailing,	ME19 4TA

The trustees	serving	throughout	the year and since	the year-end	were as fo	llow	s:
Chair		Mrs Wendy	Richards
Vice Chair		Mr David Blair
		Dr Peter Mackie
Treasurer		Mr Thomas	Breed
Trustees		Mr Owen Burt
		Ms Cath Doman		(Appointed	12 November		2020)
		Mr Chuka	Iwobi (Co-optee)	(Appointed	19November		2020)
		Ms Sian )ames		(Retired 9 April 2021)
		Sibusisiwe	Mbwembwe	(Appointed	19November		2020)
		Ms 3oanna	Morgan
		Mrs Shelia	O' Brien	(Retired 12 November		2020)
		Dr Adrian	Peters
		Ms Felicity	Waters	(Appointed	19 November		2020	&
				Retired 17	May 2021)
		Mr Simon	Williams	(Appointed	12 November		2020)
Secretary	and	Frances J	Beecher
Chief Executive

COMPANY LIMITED BY	GUARANT	EE
STATEMENT OF FINANCIAL	ACTIVITIES	(Including the	Income and Expenditure Account)
Year Ended 31 March 2021
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2021		2020
	Note			6		6
Income and Endowments	from:
Donations and Legacies	4	794,885	874,696	1,669,581	1,402,260
Investment Income	3	25,027		25,027		34,652
Charitable Activities	4	9~768~018	5~195~042	14g963g060	12	569 280
Fixed Asset Disposal						700
Total Incoming Resources		10587930	6069738	16657668	14	006 892
Resources Expended on:
Raising Funds		298,689		298,689		271,496
Charitable Activities	5,6	9447 287	6078394	15525 681	13	793 751
Total Resources Expended		9 745 976	6078394	15824 370	14	065 247
Net Gain on Investments		170,161		170,161		(78,190)
Net Movement in Funds		1,012,115	(8,656)	1,003,459	(136,S4S)
Reconciliation of Funds
Total funds brought forward	17,18	4996228	387 258	5383486	S	520 031
Total funds carried forward	18,19	6008343	378602	6386945	5	383486

					2021	2021		2020		2020
			Note		E	6		6		E
FIXEDASSETS
Tangible Assets						270187960				2,006,135
Intangible Assets			10							13,860
Investments						1421870				1 231 222
						374407830				3,251,217
CURRENT ASSETS
Debtors			11	272337344				1,871,994
Cash at Bank / In Hand				2	232 346			1 336	572
				4,465,690				3,208,566
CURRENT LIABILITIES
Creditors: Amounts due within one year	falling		12 ~2392,727				~520 617
NET CURRENT ASSETS						3073973				2 287 949
Creditors: Amounts due after one year	falling		13 13			127858				155680
NET ASSETS			19			638694~				5 383 486
FUNDS
Unrestricted			17
- General Funds						5,775,050				4,493,586
—Designated Funds						233,294				502,642
Restricted			18			3 8 602				387 258
			19			6 380 94'				5~383 486
These financial statements		were approved			by the members of the		committee		on the	28'" October
2021 and are signed	on their		behalf by:
6+/kAAra36						Mr	T	Breed -		Director

				2021	2020
				F.	6
Net Cash provided by/(used	in) Operating
Activities
Cash Flows from Investing	Activities
Dividends, Interest and rents from investments				25g027	34~652
Proceeds from the sale of property, plant 8equipment					700
Purchase ofAssets				(201r547)	(776633)
Proceeds from Sales of Investments				1,488,814	978,252
Purchase of Investments				(lg509g301)	(156186)
Net Cash provided by/(used Activities	in) Investing			(197,007)	(80,786)
Cash Flows from Financing	Activities
Repayment of Borrowing				(23,646)	(33,704)
Cash inflows from New Borrowing				18,750
Receipt of endowment
Net Cash provided by/(used Activities	in) Financing			(4,896)	(33,704)
Change in Cash and Cash Equivalents Reporting Period		in	the	895774	118459
Cash and Cash Equivalents the Reporting Period	at the beginning			of 1,336,572	1,218,113
Cash and Cash Equivalents	due to exchange
rate movements
Cash and Cash Equivalents Reporting Period	at the end	ofthe		2 232346	1336572
Reconciliation ofnet income/(expenditure)				to net cash flow from
Operating Activities				2021	2020
				6	E
Net Income/(Expenditure) for	the reporting		period
(as per the Statement of Financial Activities)				lr003~459	(136545)
Adjustments for
Depreciation Charges				188,723	140.216
Amortisation Gains/(Losses) on Investments Dividend, interest and rents from investments				13,860 (170,161) (25,027)	32,015 78,190 (34,652)
Loss/(Profit) on the sale of Fixed Assets (Increase)/decrease in debtors				(361,350)	(700) (444,437)
The notes on pages 33—50form		part of		these financial statements

nded 31 March 202	nded 31 March 202	1
Increase/(decrease)in		creditors		448,173	437,290
Net Cash provided Activities		by/(used	in ) Operating	1097 677	71377
nalysis of Cash		and Cash	Equivalents	2021	2020
				6	6
Cash in Hand				2,232,346	1,336,571
Bank Loans falling Bank Loans falling	due within 1year due after more than I year			(53,279) 127858	(30,350) 155680
				2051209	1150541

			Unrestricted	Restricted	Total Funds	Total
			Funds	Funds	2021	Funds
						2020
			E		6	5
Interest Cash on	on cash deposits Investment		4,540 20487		4,540 20 487	3,107 31 545
			25 027		25 027	34 652
					Unrestricted	Total Funds
Balance atI"April 2020 Additions Disposals Management Fees Unrea l is ed Gain Realised Gain					6 1,231,222 1,509,301 (1,488,814) (2,147) 155,770) 16537	1,231,222 1,509,301 (1,488,814) (2,147) 155,770 16537
Balance as at		31"March 2021			1,421,870	1421870

RANTS AND OTHER FUNDING or details of deferred income see	note 12
	Unrestricted	Restricted	Total Funds	Tota I
	Funds	Funds	2021	Funds
				2020
Donations and Legacies Admiral Albert Hunt Trust Austin Bailey Foundation BBQ Foundation		6 25,000 5,000 2,000 5,000	25,000 5,000 2,000 5,000	50,000 5,000 2,000
Blackwood Engineering Trust Bridgend Assoc of VD		3,555	3,555	4,000
Carten 100 Children In Need Caerphilly County B C		32,713 22,597	32,713 22,597	25,000 17,476
COVID-19 related donations Donations 5 Fundraising &E5k	383,165 142,033	166,537	383,165 308,570	244,338
Esmee Fairbairn Foundation	25,000	50,000	75,000	50,000
Eversheds Cwm Taf Region Partnership Fareshare	25,000	17,290	17,290 25,000	6,900 10,045

S TO THE FINANCIAL STA Ended 31 March 2021	TEME	NTS
Garfield Weston Foundation GC Gibson Charitable Trust		50,000	50,000 2,500	100,000 2,500	50,000 2,500
Glam Construction Training G & M Davies Charity Hodge Foundation Huggard Charitable Trust Jenour Foundation GAVO	Grp	4,000 2,000 18,900	3,000 33i333 20,000	3,000 33r333 24,000 2,000 18,900	10,000 45,933 4,000 2,000
Kier Group Landaid Charitable Trust			10,000		25,000
Mary Homfray Charitable Trust		4,000		4,000	3,000
Millennium Stadium Trust					6,420
National Lottery Community Fund		24,747	74,654	99,401	(11,249)
Nationwide Building Society Moondance Foundation		35,000		35,000	50,000
Private Donation					25,000
R Iones Simon Gibson Trust Sir Halley Stewart Trust Souter Charitable Trust		22,500	5,000 2,000	5,000 22,500 2,000	9,985 5,000 30,000
Swire Charitable Trust					24,500
SYSHP Merger NPTCVS Rayne Foundation RCT BC		13,540 15,000 10,000	10,000	13,540 15,000 20,000	557,418
The Clothworkers Foundation The Morrison's Foundation Voluntary Action Merthyr Tydfil		20,000	10,000 3,304	20,000 10,000 3,304	3,000
Volunteering Wales Grant					20,000
Viridor					2,500
Wales &West Housing Assoc. Waterloo Foundation			115,000	115,000	10,000
WCVA			156,189	156,189
Welsh Gov DA Grant			48,024	48,024	30,000
Worlds Big Sleep Out Yorkshire Building Society			2000	2 000	74,000 B494
Total Donations and Legacies		7941885	874i696	Ii669i581	I 402i260
		Unrestricted	Restricted	Total Funds	Total
		Funds	Funds	2021	Funds
					2020
Charitable Activities					6
Action for Children					68,793
Cardiff CC Caerphilly CBC Police &Crime Commissioners Families First Funding IDVA Services Inspire 2 Work Local Authority Section 180 Newport CC Other Income PAT Testing RCT CBC Rent &Service Charges Social Services SPPG Supported Lodgings Income		154,126 23,350 3,963,561 5,418,763	1,133,796 157,987 270,803 306,495 92,674 20,964 18,000 70,562 55,997 35,000 579,852 161,516	1,133,796 157,987 70,803 306,495 92,674 20,964 18,000 70,562 210,123 23,350 35,000 3,963,561 579,852 5,418763 161,516	BB6,613 276,985 225,490 109,246 23,610 52,055 70,262 55,734 28,367 3,381,320 735,780 4,862,644

								Page 39
LLAMAU LIMITED
COMPANY LIMITED BYGUARANTEE
NOTES TO THE FINANCIAL	STATEMENTS
Year Ended 31 March 2021
Symud ymlaen Moving Forward Tenancy Support Schemes Training Income					160,742 47,476	284,202	284,202 160,742 47,476	380,545 160,742 94,276
VAWDASV						43,229	43,229
Welsh Gov. Transitional		Fund				1,177,763	1,177,763	431,652
Welsh Gov. Section 180 Work Based Learning						523r077 263 126	523,077 263 126	460,475 264 671
Total Charitable Activities				9	768018	5 195042	14963060	12 569 280
The above income includes monies				given specifically in relation to the COVID pandemic				and are not
expected to re occur in 2021-2022.
5. COSTS IN FURTHERANCE			OF CHARITABLE OBIECTS
		Unrestricted			Restricted	Fund	Total Funds	Total Funds
				Funds	Funds	raising	2021	2020
						Costs
					6			F.
Staff Salary Costs Staff Training			6,953,961 44,174		4,532,537 28,267	258,890 809	11,745,389 73,250	9,855,801 101,802
Rent, Rates, Light S. Heat,
Insurance and Cleaning				350,958	221,360	1,302	573,620	454,531
Telephone, Advertising,
Postage, Stationery, Printing and Office Costs				246,656	169,571	23,193	439,418	458,937
Repairs, Renewals and Maintenance Travel fk Subsistence HA Management Charges Other Costs Grants to Other Organisations				269,724 50,624 839,733 344,432 155,720	169,493 31,854 527,686 221,595 97,854	67 8,203	439,217 82,544 1,367,420 574,229 253,5'75	460,121 253,234 1,145,763 473,832 312,611
Governance Depreciation/Amortisation				69,430 121877	78 176	3,696 2 529	73,126 202 582	104,888 172231
			9	447 287	6078394	298689	15824370	13793751
6. COSTS OF CHARITABLE		ACTIVITIES
				Activities			Total	Total
				Undertaken Directly		Support Costs 6	Funds 2021 F	Funds 2020
Charitable Activity Costs				13603913 1		921768	15525 681	13793 751
				13603913 1		921768	15525 681	13793751
7. TOTAL RESOURCES EXPENDED
							Total	Tota I
							Funds	Funds
Staff Costs Depreciation Other Costs							2021	2020
		E					E	E
Direct
Charitable
Activities Fundraising 200i054 3i839i130 2 529 37270 11,486,499 258891							15i525 682 298689	13,793,751 271496
11	745		389 202 582 3			876400	15824 371	14065 247

The aggregate payroll costs were:	The aggregate payroll costs were:			2021	2020
				5	6
Wages and salaries Social security costs Pension costs				10,399,152 818,535 527 702	8,686,293 689,525 427 559
				11745 389	9803 377
				2021	2020
The number of employees	whose emoluments	amounted	to	No.	No.
more than 650,000 in the	year were:
650,001 - 660,000
660,001 - 870,000
670,001 —680,000
680,001 - 690,000

company in	ind	epende	ntly administered fun	ds.
						2021	2020
					5		6
Pension costs					527,702		427,559
Outstanding	contributions				2,408		5 867
Particulars	of	employees
The average	number		of full time equivalent	stalf employed	by the charity	during	the financial
year amounted		to:

The average number of full time year amounted to:	equivalent stalf employ	ed by the charity during t	he financial
		2021	2020
		No.	No.
Management and administration Service staff	staff	42 344	37 311
		386	348
OPERATING SURPLUS
Operating surplus is stated after	charging:	2021 6	2020 I
Staff pension costs Operating leases Depreciation/Amortisation		527,702 158,942 202,583	427,559 167,749 172,231

AU LIMITED PANY LIMITED BYGUARANTEE S TO THE FINANCIAL STATEMENTS Ended 31 March 2021		Page 41
Auditors remuneration
- as auditors	9,030	1i,554
- for other services	420	420

TANGIBLE FIXED	ASSETS
	Freehold		Fixtures ar	Motor
	property 6	Equipment E	Fittings I	vehicles E	IT	Total E
COST
At 1 April 2020 Additions Disposals	ig916g735	54~229	500,083 66,541	71,562 31,255 (10013)	728,701 103,751	3,271,310 201,S47 (10g013)
At 31March 2021	1,916,735	54,229	566~625	92~804	832~453	3~462g845
DEPRECIATION
At 1 April 2020	207,510	52,541	409g872	50g355	544g897	Ig265g175
Eliminated on
Disposal Charge for the year	40,144	1,340	35,097	(10,013) 9,733	102,409	(10,013) 188,723
At 31March 2021	247,654	53,881	444J968	50/075	647 306	Ig443g885
NET BOOK VALUE
At
31March 2021	1,669,081	347	121~656	42~729	185/146	2~018J960
At
31March 2020	Ig709g225	1,688	90~211	21~207	183g804	2~006g135

INTANGIBLE FIXED ASSETS
	IT	Total
	E	E
COST
At 1April 2020	92,960	92,960
Additions
At 31March 2021	92,960	92,960
AMORTISATION
At 1April 2020 Charge for the year	79,100 13,860	79,100 13,860
At 31March 2021	92,960	92,960
NET BOOK VALUE
At 31March 2021
At 31March 2020	13,860	13,860

EBTORS
		2021	2020
		E	E
Rent debtors		295,073	303,461
Other debtors Prepayments		1,692,231 246 040 2 233 344	1,381,263 187 270 1871994
REDITORS: Amounts	falling due within one year
		2021	2020
		E	E
Trade Creditors PAYE and Social Security Payroll 8( Pensions Creditors Deferred Income 8(Accruals		315,550 219,006 77,322 693,617	193,631 193,715 75,152 416,462
Tenant Grants		32,943	11,307
Mortgage on Property Welsh Gov. Resilience	Fund	34,529 18750	30(350
		1391717	920 617

eferral b	eing, that the conditions to enable the g	rant to be Fully utilised have not	been met.
		2021	2020
		6	6
Balance Income Released Balance	as at 1st April 2020 received in the year to income as at 31 March 2021	228,396 14,963,060 ( ~54 555 436,791	741000 12,569,728 (2~2414 522 228,396

				2021	2020
				E	E
Carrying amount offinancial assets Investments measured at fair value Debt instruments at amortised cost				1,421,870 4219650	1,231,222 3015316
				5641 520	4 246 538
				2021	2020
				E
Carrying Measured	amount of at amortised	financial cost	liabilities	863777	661 252
				863777	661 252

LEASE COMMITMENTS
	2021	2020
	E	E
Due &Iyear Property	144,633	132,905
Photocopiers	14309	14309
	158942	147 214
Due 2-5 years Property Photocopiers	402,075 4 534	266,831 5 210
	406 609	272 041
Due )5years Property	49000	68 000
	49000	68 000
TOTAL	614551	487 255
Property

				2021
				E
Future	minimum	lease payments	due under finance leases
Amounts payable; Within one year Within two to five		years		14,309 3
				18843

he next	12	months and after more than 12 months fro	m the reporting date, as follows:
			2021
			E
Current Liabilities Non-current Liabilities			14,309 4 ~34
			18843

IQKBIr~Er
At I April			Gain on	At 31March
2019 E Income E		Expenditure I	Investment I	2020 I
General 4,319,691 9,529,191		(9,277,106)	(78,190)	4,493,586
Designated 799 754		297 112		502 642
5 119445 9 529	191	9 574 218	78 190	4 996 228
ESTRICTED FUNDS
	Balance at 1Apr 2020		Incoming	Outgoing	Balance at 31Mar 2021
		E			F.
Caerphilly CBC Progress Caerphilly Women's Aid Merger Cardii'f CC Children In Need Dewsland Park Road Domestic Abuse Coordination Donations and Fundraising Emphasis		210,666 23,701 15,391 29,975 1,133,796 32,712 31,076 28,012 582,826		(29,975) (30,969) (1,133,796 32,712 (31,076) (28,012) (515,599) (15,391)	179,797 90,928
End Youth Homelessness
Eversheds Bursary EYHC flelpline Family First Funding Garfield Weston Foundation GNC outreach JIGSO Supported Lodgings Inspire 2 Work Learning for Life Learning for Life ACT Level the Playing Field Mentoring Newport Supported Lodgings Newport CC —IDVA Police S.Crime Commissioners Prison Reform Trust 5180 S180Crouch Close 5180 EYP		50,000 12,500 50,000	9,000 3,000 306,495 134,161 55,603 20,964 25,000 263,126 55,000 39,486 92,674 270,803 36,997 1,068790 123,687 81,286	9,000 (306,495) 50,000 (134,161) (55,603) (20,964) (37,500) 258,126 (50,000) (39,486) (92,674) (270,803) (36,977) (1,068,790) (123,687) 81,286	3,000 5,000 55,000

S TO THE FINANCIAL STATEM Ended 31 March 2021	ENTS
5180)IGSO 5180 Merthyr Housing First S180 New Developments S180 RCT Homeless Prevention			18,000 261,255 71,426 39r697	(18,000) (261,255) (71,426) (39,697)
Social Services			669,343	(669,343)
Symud Ymlaen/Moving Forward			284,202	(284,202)
Upstream Cymru VAWDASV Vale High Needs Yorkshire Building Society	25,000		135,000 43r229 111,117 12000	(125,000) (33,252) (111,117) 12000		35,000 9,977
	387 258		6069 738	6,078394		378602
PIILuuI~ear
	Balance at 1		Incoming	Outgoing		Balance at
	Apr f	2019	f	f	31 Mar 2020 f
Action for Children Caerphilly CBC - Homelessness			68,793 28,012	(68,793) (28,012)
Caerphilly CBC —Progress			32,973	(32,973)
Caerphilly Women's Aid Merger Cardiff CC	219,635		886,613	(8,969) (886,613)		210,666
Children In Need		3,875	17,476	(21,351)
Debrief Contract - Dyfed Powys Donations and Fundraising	11,657		79,595 31,684	(79,595) (19,640)		23,701
Emphasis End Youth Homelessness Eversheds Bursary EYHC Helpllne Family First Funding	20,000 2,013 91,313		21,000 61,500 6,900 225,490	(25,609) (61,500) (8,913) (91,313) (225,490)		15,391
Furniture Grants Future 4 Consortium Garfield Weston Foundation			1,301 7,655 50,000	(1,301) (7,655)		50,000
Inspire 2 Work			23,610	(23,610)
Involvement &Engagement Learning 4 Life	37,500		15,045 112,000	(15,045) (137,000)		12,500
Mentoring			70,000	(20,000)		50,000
Millennium Stadium Charitable			6,420	(6,420)
Newport CC —IDVA National Lottery Comm Fund Newport CC —S180			109,245 (11,249) 34,055	(109,245) 11,249 (34,055)
Police 8L Crime Commissioner			189,735	(189,735)
PIE Psychologist			25,000	(25,000)
Social Services			669,343	(669,343)
Symud Ymlaen/Moving Forward			380,545	(380,545)
Upstream Cymru Vale of Glam Section 180			85,933 18,000	(60,933) (18,000)		25,000
Welsh Gov DA Grant			30,000	(30,000)
Welsh Gov HPG			928,102	(928,102)
Work Based Learning			264,671	(264,671)
Yorkshire Building Society	14593		8 254	22 847
	400 586		4,477,701	4 491029		387 258

ES TO THE FINANCIAL Ended 31 March 2021	STATE	MENTS
Restricted Funds												378g602			378g602
Unrestricted	2,018,960							1/421t870				2g567t513			6~008~343
Fund
Total Funds	2018	960						1421870				2 946115			6386945
EEBEIggRXeer
											Net Current
												Assets less
	Tangible Fixed Asset		Intangible Fixed Asset					Investment				Creditors over 1year			Total
					F.					6					F.
Caerphilly
Women's Aid												210,666			210,666
Learning 4 Life												62,500			62,500
Emphasis												15,391			15,391
Mentoring												50,000			50,000
Upstream Cymru Involvement 8												25,000 23,701			25,000 23,701
Engagement
Restricted Funds												387,258			387,258
Unrestricted	2,006,135				13J860				lf231J222			IJ745 01I			4~996~228
Fund
Total Funds	2 006	135			13860				1	231 222		2 132269			5 383486
RELATED PARTY TRANSACTIONS
There was one (2020: one)		related		party		transaction				during	the	year. An	unrestricted
donation for E24,000 was received (Director of Finance 8Central Services)				from ls a	the Huggard Charitable Trust — Mr A trustee of the Muggard Charitable Trust.										Chiplen
COMPANY LIMITED BYGUARANTEE
The Charity is a company limited		by guarantee				with		no share capital.
PRIOR YEAR COMPARATIVES		- 2020
STATEMENT OF FINANCIAL ACTIVITIES
							Unrestricted				Restricted				TOTAL
Income and Endowments from:
Donations and Legacies								912,057			490,203			1,402,260
Investment Income								34,652							34,652
Charitable Activities							8,581,782				3,987,498			12,569,280
Fixed Asset Disposal									700						700

Total Incoming Resources	Total Incoming Resources	9i529i191	4i477 701	14006 892
Resources Expended on:
Raising Funds		271,496		271,496
Charitable Activities		9,302,722	4,491,029	13,793,751
Total Resources
Expended		9,574,218	4,491,029	14,065,247
Net Gain on Investment		(78,190)		(78,190)
Net Movement in
Funds		(123,217)	(13,328)	(136,545)
Reconciliation of	Funds
Total funds brought	forward	5,119,445	400,586	5,520,031
Total funds carried	forward	4,996,228	387,258	5,383,486