## ## |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|2022|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|