2022-03-31-accounts - Llamau Limited

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Trustees' annual report incorporating	the strategic	report
Reference and administrative details			25
Independent auditor's report			32
Statement of financial activities			35
Balance sheet			36
Statement of Cash Flows			37
Notes to the financial statements			39

Reference	Reference	and administrative	and administrative	details	details
Charity	Number		701772
Company		Number	2396224
Principal	L
Registered		Office	23 Cathedral		Road,	Cardiff, CF11 9HA
Auditors		Azets Audit Services				Ty Derw, Lime Tree Court,
						Cardiff Gate Business Park, CF23
						BAB
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,
Advisors						West Mailing, ME19 4TA

follows:
Chair	Mrs Wendy Richards
Vice Chair	Mr David	Blair	(Retired 12 May 2022)
	Prof Peter	Mackie
	Dr Adrian	Peters
Treasurer	Mr Thomas Breed
Trustees	Mr Owen	Burt	(Retired 04 November		2021)
	Ms Helen	Claire Cotter	(Appointed	04 November 2021)
	Ms Cath Doman
	Mr Chuka	Iwobi	(Resigned	14July 2022)
	Ms Sibusisiwe Mbwembwe		(Resigned	15 February	2022)
	Ms Joanna	Morgan
	Mr Simon	Williams

TATEMENT OF FINANCIAL ear Ended 31 March 2022	ACTIVITIE	S (Including the I	ncome and Ex	penditure Acco	unt)
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2022	2021
	Note	E	6	6
Income and Endowments	from:
Donations and Legacies	4	302,197	787,974	1,090,171	1,669,581
Investment Income	3	28,940		28,940	25,027
Charitable Activities	4	11~421r539	6r247y755	17~669~294	14963 060
Fixed Asset Disposal
Total Incoming Resources		11752 676	7035729	18788405	16657 668
Resources Expended on:
Raising Funds		351,855		351,855	298,689
Charitable Activities	5,6	10732033	6957006	17689039	15525 681
Total Resources Expended		11083888	6957006	18040894	15824 370
Net Gain on Investments		17,952		17,952	170,161
Net Movement in Funds		686,740	78,723	765,463	1,003,459
Reconciliation of Funds
Total funds brought forward	17,18	6008 343	378602	6386945	5 383486
Total funds carried forward	18,19	6695 083	457 325	7152408	6 386 945

COMPANY NUMBE BALANCE SHEET At 31 March 2022	R 23962	24
		Note	2022 f	2022 E	2021	2021 6
FIXED ASSETS
Tangible Assets				2,085,110		2,018,960
Intangible Assets		10
Investments				1465 461		1421 870
				3,550,571		3,440,830
CURRENT ASSETS
Debtors		11	2,728,398		2,233,344
Cash at Bank/ In Hand			2 427 388		2 232 346
			5,155,786		4,465,690
CURRENT LIABILITIES
Creditors: Amounts due within one year	falling	12	~1455 808		1391717
NET CURRENT ASSETS				3,699,978		3,073,973
Creditors: Amounts due after one year	falling	13		98141		127858
NET ASSETS		19		7 1~2 408		6 386 943
FUNDS
Unrestricted		17
- General Funds - Designated Funds				6,395,083 300,000		5,775,050 233,294
Restricted		18		457 325		378 602
		19		7 1~2 408		6 386 945

TO THE FINANCIAL STATEM nded 31 March 2022	ENTS
					2022	2021
Net Cash provided by/(used Activities	in) Operating				281'183	1g097~677
Cash Flows from Investing	Activities
Dividends, Interest and rents from investments					28,940	25,027
Proceeds from the sale of
property, plant 8i equipment
Purchase ofAssets					(285,808)	(201,547)
Proceeds from Sales ofInvestments					388,535	1,488,814
Purchase of Investments					(188g089)	(1 509 301)
Net Cash provided by/(used Activities	in) Investing				(56g424)	(197g007)
Cash Flows from Financing	Activities
Repayment of Borrowing					(24,027)	(23,646)
Cash inflows from New Borrowing					(5,690)	18,750
Receipt of endowment
Net Cash provided by/(used Activities	in) Financing				(29,717)	(4,896)
Change in Cash and Cash Equivalents Reporting Period		in	the		195042	895 774
Cash and Cash Equivalents the Reporting Period	at the beginning			of	2,232,346	1,336,572
Cash and Cash Equivalents	due to exchange
rate movements
Cash and Cash Equivalents Reporting Period	at the end	ofthe			2427 388	2 232 346
Reconciliation ofnet income/(expenditure)				to net cash flow from
Operating Activities
					2022	2021
					E	6
Net Income/(Expenditure) for the reporting (as per the Statement of Financial Activities)			period		765,463	1,003,459
Adjustments for
Depreciation Charges					219,661	188,723
Amortisation						13,860
Gains/(Losses) on Investments Dividend, interest and rents from investments					(244,037) (28,940)	(170,161) (25,027)
Loss/(Profit) on the sale of Fixed Assets
(Increase)/decrease in debtors					(495,054)	(361,350)

TO THE FINANCIAL nded 31 March 2022	STATEM	ENTS
Increase/(decrease)in	creditors		64,090	448,173
Net Cash provided Activities	by/(used	in) Operating	281183	1097677

nalysis ofCash and Cash Equivalents
	2022 f	2021 8
Cash in Hand Bank Loans falling due within 1year Bank Loans falling due after more than 1 year	2,427,388 (47,113) 98141 2 282 134	2,232,346 (53,279) 127 858 2051209

RANTS AND OTHER FUNDING or details ofdeferred income see	note 12
	Unrestricted	Restricted	Total Funds	Total
	Funds	Funds	2022	Funds
Donations and Legacies Admiral		43,735	f 43,735	2021 25,000
Albert Hunt Trust				5,000
Austin Bailey Foundation				2,000
B&Q Foundation Barclays		100,000	100,000	5,000
Braces	6,000		6,000
Bridgend Assoc of VO				3 555
Children In Need		26,201	26,201	32,713
Caerphilly County B C Cardiff 3SC Centrepoint Community Foundation Wales COVID-19 related donations Donations & Fundraising &f5k	285,197	3,028 14,582 13,050 5,925 (4,981) 15,984	3,028 14,582 13,050 5,925 (4,981) 301,181	22,597 383,165 308,570
Esmee Fairbairn Foundation		30,000	30,000	75,000
Cwm Taf Region Partnership				17,290
Fareshare Garfield Weston Foundation		45,000	45,000	25,000 100,000
GC Gibson Charitable Trust				2,500

S TO THE FINANCIAL STATEME Ended 31 March 2022	NTS
G & M Davies Charity Glam Voluntary Services Hodge Foundation Huggard Charitable Trust jenour Foundation	4,000 2,000	6,322 33I333	6,322 331333 4,000 2,000	3,000 33333 24,000 2,000
GAVO				18,900
Landaid Charitable Trust				10,000
Mary Homfray Charitable Trust Moondance	5,000	75,659	5,000 75,659	4,000 35,000
National Lottery Community Fund		54,018	54,018	99,401
Simon Gibson Trust Sir Halley Stewart Trust		5,000 17,039	5,000 17,039	5,000 22,500
Souter Charitable Trust				2,000
NPTCVS				13,540
Rayne Foundation		10,000	10,000	15,000
RCT BC				20,000
Swansea Council		4,548	4,548
The Clothworkers Foundation				20,000
The Morrison's Foundation				10,000
The Volant Charitable Trust		10,000	10,000
Voluntary Action Merthyr Tydfil				3,304
Waterloo Foundation				115,000
WCVA Welsh Gov DA Grant West Glam Region Partnership		62,583 160,860 56,088	62,583 160,860 56,088	156,189 48,024
Yorkshire Building Society				2 000
Total Donations and Legacies	302I197	787974	1,090,171	1,669,581
	Unrestricted	Restricted	Total Funds	Total
	Funds	Funds	2022	Funds
				2021
Charitable Activities		6	IE	6
Cardiff CC Caerphilly CBC Police & Crime Commissioners		li609I474 163,945 359,433	1,609,474 163,945 359,433	1,133,796 157,987 270,803
Families First Funding Health IDVA Services Inspire 2 Work Local Authority Section 180 Ministry ofjustice Newport CC Other Income PAT Testing	178,328 28,191	296,687 290,696 154,899 20,699 18,000 68,915 39,486	296,687 290,696 154,899 20,699 18,000 68,915 39,486 178,328 28,191	306,495 92,674 20,964 18,000 70,562 210,123 23,350
RCT CBC				35,000
Rent &Service Charges Social Services SPPG Supported Lodgings Income Symud Yrnlaen Moving Forward Tenancy Support Schemes Training Income VAWDASV	4,442,367 6,417,921 217,248 137,484	566,154 197,124 212,522 249,726	4,442,367 566,154 6,417,921 197,124 212,522 217,248 137,484 249,726	3,963,561 579,852 5,418,763 161,516 284,202 160,742 47,476 43,229
Welsh Gov. Transitional Fund Welsh Gov. Section 180		1,319,893 451,497	1,319,893 451,497	1,177,763 523,077
Work Based Learning Total Charitable Activities	11421539	228 605 6 247 755	228 605 17669 294	263 126 14963 060

OTAL RESOU	RCES EXPENDED
				Total	Total
				Funds	Funds
	Staff Costs	Depreciation	Other Costs	2022	2021
	6	f.	f.		6
Direct
Charitable
Activities Fundraising	13,045,019 266366 13311385	216,950 2711 219661	4,427,070 82778 4509848	17,689,039 351855 18040894	15,525,682 298 689 15 824 371

				2022	2021
The number ofemployees	whose emoluments	amounted	to	No.	No.
more than E50,000 in the	year were:
E50,001 —E60,000
E60,001 —E70,000
E70,001 —E80,000
E80,001 - E90,000

company in	independe	ntly administered fun	ds.
					2022	2021
				E		E
Pension costs				621,450		527,202
Outstanding	contributions			1328		2 408
Particulars	ofemployees
The average	number	of full time equivalent	staff employed	by the charity	during	the financial
year amounted to:

The average number of full time year amounted to:	equivalent staff employ	ed by the charity during t	he financial
		2022	2021
		No.	No.
Management and administration Service staff	staff	35 414	42 344
		449	386
OPERATING SURPLUS
Operating surplus is stated after	charging:	2022	2021
			E
Staff pension costs Operating leases Depreciation/Amortisation		621,450 120,309 219,661	527,702 158,942 202,583
Auditors remuneration
-as auditors		11,160	9,030
- for other services		420	420

TANGIBLE FIXED	ASSETS
	Freehold		Fixtures Er	Motor
	property	Equipment	Fittings	vehicles	IT	Total
	E		E		E
COST
At 1 April 2021 Additions Disposals	1,916,735 117,000	54,229 (4,497)	566,625 39,227 (69,360)	92,804 10068	832,453 119~514 (260~729)	3,462,845 285r809 (334~586)
At 31March 2022	2r033r735	49r732	536r492	102872	691238	3414068
DEPRECIATION
At 1 April 2021	247,654	53,881	444r968	50r075	647~306	1~443y884
Eliminated on
Disposal Charge for the year	35,622	(4,497) 140	(69,360) 47g795	- 14~941	(260,729) 121163	(334,586) 219r661
At 31March 2022	283,276	49,524	423r403	65r016	507 740	1328959
NET BOOK VALUE
At
31March 2022	1,750,459	208	113,089	37,856	183,498	2,085,109
At
31March 2021	1,669,081	347	121657	42r729	185r146	2018960
INTANGIBLE FIXED ASSETS
					IT	Total
					5	E
COST
At 1 April 2021					92,960	92,960
Additions
At 31March 2022					92/960	92g960
AMORTISATION
At 1 April 2021					92g960	92~960
Charge for the year
At 31March 2022					92,960	92,960
NET BOOK VALUE
At 31March 2022
At 31March 2021

DEBTORS
		2022	2021
Rent debtors Other debtors Prepayments		446,659 2,046,066 235 673 2 728 398	295,073 1,692,23i 246 040 2 233,344
REDITORS: Amounts	falling due within one year
		2022	2021
Trade Creditors		378,201	315,550
PAYE and Social Security Payroll 85 Pensions Creditors Deferred Income f76Accruals		249,398 89,057 637,511	219,006 77,322 693,617
Tenant Grants		54,528	32,943
Mortgage on Property Welsh Gov. Resilience	Fund	34,053 13060	34,529 IB750
		1455 808	I 391717

eferral b	eing, that the conditions to enable the g	rant to be fully utilised have not	been met.
		2022	2021
			6
Balance Income Released	as at 1st April 2021 received in the year to income	436,791 17,689,039 (47~764 111	228,396 14,963,060 (1~4 754 665
Balance	as at 31March 2022	421,619	436,791

				2022	2021
				6	6
Carrying amount offinancial assets Investments measured at fair value Debt instruments at amortised cost				1,465,461 4920 113	1,421,870 4 219 650
				6385 574	5 641 520
				2022	2021
Carrying Measured	amount of at amortised	financial cost	liabilities	882932	863 777
				882932	863 777

						f	2021 f
Due &1year Property Photocopiers						106,000 5210	144,633 14309
						111210	158942
Due 2-5years Property						245,000	402,075
Photocopiers							4 534
						245 000	406 609
Due )5years
Property							49 000
							49 000
TOTAL						356210	614551
Property
Llamau currently		lease four properties		within	South Wales, and	the lease on the	two central
office properties	have been extended			to be co	terminus.
bligations under		leases and	hire purchase		contracts:
							2022 f
Future minimum		lease payments	due	under finance leases
Amounts payable;
Within one year							5,210
Within two to five		years
							~ 210

he next	12	months and after more than 12 months fro	m the reporting date, as follows:
			2022 f
Current	Liabilities		5,210
Non-current		I iabilities
			~ 210

NRESTRICTED	FUNDS
					At 31
	At 1April 2021	Income	Expenditure	Gain on Investment	March 2022
	E	E	E	E	E
General Designated	5,775,049 233294 6008343	11,452,676 300000 11752 676	(10,850,594) 233 294 11,083 888	17,952 17952	6,395,083 300000 6695 083

At 1 April				Gain on	At 31 March
2020	Income Expenditure			Investment	2021
6	6	F		6	E
General 4,493,586 10,587,930 Designated 502 642 (9,476,628) 269 349				170,161	5,775,049 233 293
4 996 228 10	587	930 9 745	977	170 161	6 008 342
ESTRICTED FUNDS
		Balance at 1Apr 2021	Incoming		Outgoing	galance at 31Mar 2022
		6
Barclays —Counselling Caerphilly Women's Aid Merger Caerphilly CBC —Progress Cardiff CC Domestic Abuse Co-ordinator Donations and Fundraising EYI-IC Helpline Family First Funding Garfield Weston Foundation GNC outreach Health IIGSD Supported Lodgings Inspire 2 Work Learning for Life ACT Level the Playing Field Ministry ofjustice Newport Supported Lodgings Newport CC —IDVA Police rlr Crime Commissioners Prison Reform Trust 5180 S180Crouch Close 5180 EYP S180Merthyr Housing First Social Services		179,697 90,928 3,000 5,000 55,000	100,000 35,933 1,609,474 28,012 448,780 296,687 45,000 134,161 290,696 57,827 20,699 228,606 53,606 39,486 154,899 359,433 15,309 1,279,514 140,831 87,614 281,431 460,173		(5,000) (33,341) (35,933) (1,609,474) (28,012) (531,225) (3,000) (296,687) (45,000) (134,161) (290,696) (57,827) (20,699) (233,606) (25,551) (53,606) (39,486) (154,899) (359,433) (15,309) (ii279i514) (140,831) (87,614) (281,431) (460,173)	95,000 146,356 8,483 29,449
Symud Ymlaen/Moving Forward				212,522	(212,522)
Upstream Cymru VAWDASV Vale High Needs Welsh Gov Capital		35,000 9,977 378602	7	133,333 249,726 111,117 160860 035 729	(135,000) (259,703) (111,117) 16156 6957006	33/333 144704 457 325

rvi ~s	e	ar
							Net Current
							Assets less
			Tangible		Intangible		Creditors
			Fixed Asset		Fixed Asset	Investment	over 1year	Total
				6	E	E	6	6
Caerphilly
Women's	Aid						179,697	179,697
Learning 4		Life					5,000	5,000
Level The	Playing
Field							55,000	55,000
Donations		lt
Fundraising							90,928	90,928
Helpline							3,000	3,000
Upstream	Cymru						35,000	35,000
VAWDASV							9 977	9 977
Restricted		Funds					378,602	378,602
Unrestricted			2,018,960			1,421,870	2,567,513	6,008,343
Fund
Total Funds			2 018960			1421870	2 946 115	6 386 945

STATEMENT OF FINANCIA	L ACTIVITI	ES
		Unrestricted	Restricted	TOTAL
Income and Endowments	from:
Donations and Legacies		794,885	874,696	1,669,581
Investment Income		25,027		25,027
Charitable Activities		9,768,018	5,195,042	14,963,060
Fixed Asset Disposal
Total Incoming Resources		10,587,930	6,069,738	16,657,668
Resources Expended on:
Raising Funds		298,689		298,689
Charitable Activities		9,447,287	6,078,394	15,525,681
Total Resources
Expended		9,745,976	6,078,394	15,824,370
Net Gain on Investment		170,161		170,161
Net Movement in
Funds		1,012,115	(8,656)	11003,459
Reconciliation of Funds
Total funds brought forward		4,996,228	387,258	5,383,486
Total funds carried forward		6,008,343	378,602	6,386,945