2023-03-31-accounts - Llamau Limited

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CONTENTS		PAGE
Trustees' annual report incorporating	the strategic report
Reference and administrative details		26
Independent auditor's report		32
Statement offinancial activities		35
Balance sheet		36
Statement of Cash Flows		37
Notes to the financial statements		39

TRUSTEES	ANNUAL	ANNUAL	ANNUAL	REPORT	INCORPORATING	INCORPORATING	INCORPORATING	STRATEGIC REPORT
Year Ended	31		hllarch	2023
Reference		and administrative details
Charity Number					701772
Company		Number			2396224
Principal	gr
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				Hugh		James	Solicitors	18/19 High Street, Cardiff,
				(formerly		Loosemores)		CF10 1PT
Investment				Charities		Aid Foundation		25 Kings Hill Ave, Kings	Hill,
Advisors								West Mailing, ME19 4TA

as the Trustees.
The Trustees serving	throughout the year and since the year-end				were as	follows:
Chair	Prof Peter	Mackie
Vice Chair	Mrs Wendy	Richards
	Dr Adrian	Peters
Treasurer	Mr Thomas	Breed
Trustees	Mr David Blair		(Retired 12 May		2022)
	Ms Helen Claire Cotter
	Ms Cath Doman
	Mr Chuka	Iwobi	(Resigned	14July 2022)
	Ms Joanna	Morgan
	Mr Simon	Williams
	Mr Jon Belcher		(Appointed	10 November		2022)
	Mr Damian	Bridgeman	(Appointed	10 November		2022)
Secretary and	Frances J	Beecher
Chief Executive

			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2023	2022
		Note	E		E	5
Income and Endowments		from:
Donations and Legacies		4	461~877	1063 130	lg525g007	1~090gi71
Investment Income		3	20,281		20'281	28g940
Charitable Activities		4	12,654,663	6,685,112	19,339x775	17,669,294
Total Incoming Resources			13136821	7 748 242	20 885 063	18788405
Resources Expended on:
Raising Funds			434,306		434,306	351,855
Charitable Activities		5,6	12667363	7 770 299	20437 662	17689039
Total Resources Expended			13101669	7 770 299	20871968	18040 894
Net (Loss)/Gain on			(61,151)		(61yl51)	17g952
Investments
Transfer of Funds		17,18	144704	144704
Net Movement in	Funds		118~705	(166761)	(48056)	765/463
Reconciliation of	Funds
Total funds brought	forward	17,18	6695 083	457 325	7 152408	6386945
Total funds carried	forward	18,19	6813788	290 564	7104352	7 152408

OMPANY NUMBER ALANCE SHEET t 31 March 2023	239622	4
		Note	2023 f	2023	2022 f	2022f
FIXEDASSETS
Tangible Assets				2,041,705		2,085,110
Intangible Assets		10
Investments				1404 310		1465 461
				3,446,015		3,550,571
CURRENT ASSETS
Debtors		11	2,837,569		2,7287398
Cash at Bank / In Hand			2 395 209		427 388
			5,232,778		5,155,786
CURRENT LIABILITIES
Creditors: Amounts due within one year	falling	12	411509151		1455808
NET CURRENT ASSETS				3,723,627		3,699,978
Creditors: Amounts due after one year	falling			65 290		98141
NET ASSETS		19		7 1043~2		7 1~2 400
FUNDS
Unrestricted		17
- General Funds				6,513,788		6,395,083
- Designated Funds				300,000		300,000
Restricted		18		200 564		457 325
		19		7 104352		7 1~2400

ENT OF CASHFLOWS ded 31 llllarch 2023
					2023 f		2022 E
Net Cash provided by/(used Activities	in) Operating				223,342		281,183
Cash Flows from Investing	Activities
Dividends, Interest and rents from investments					20,281		28,940
Proceeds from the sale of
property, plant h equipment
Purchase ofAssets					(189,683)	(285,808)
Proceeds from Sales of Investments					1,367,599		388,535
Purchase ofInvestments					(1406I980)	(188089)
Net Cash provided by/(used Activities	in) Investing				(208,783)		(56,422)
Cash Flows from Financing	Activities
Repayment of Borrowing					(43,738)		(24,027)
Cash inflows from New Borrowing							(5,690)
Receipt ofendowment
Net Cash provided by/(used Activities	in) Financing				(46,738)		(29,717)
Change in Cash and Cash Equivalents Reporting Period		in	the		32 179		195044
Cash and Cash Equivalents	at the beginning			of
the Reporting Period					2,427,388	2,232,346
Cash and Cash Equivalents	due to exchange
rate movements
Cash and Cash Equivalents Reporting Period	at the end	ofthe			2395209	2	427 390
Reconciliation of net income/(expenditure)				to net cash flow from
Operating Activities
					2023		2022
							6
Net Income/(Expenditure) for	the reporting		period
(as per the Statement of Financial Activities)					(48,056)		765,463
Adjustments for
Depreciation Charges					233,087		219,661
Gains/(Losses) on Investments Dividend, interest and rents from investments (Increase)/decrease in debtors					100,532 (20,281) (109,171)	(244,037) (28,940) (495,054)
The notes on pages 39	—55form part of			these	financial statements

EMENT OF CASHFLO Ended 31 March 2023	WS
Increase/(decrease)	in creditors		67,231	64,090
Net Cash provided Activities	by/(used	in) Operating	223 342	281 183
Analysis of Net Cash

				2023	2022
					E
Cash	in Hand			2,395,209	2,427,388
Bank Bank	Loans falling Loans falling	due within due after	1year more than 1year	(33,225) 65 290 296694	(47,113) 98 141 2 282 134

LLAMAU LIMITED COMPANY LIMITED BYGUARANTEE	LLAMAU LIMITED COMPANY LIMITED BYGUARANTEE			Page 44
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31 March 2023
Hodge Foundation Huggard Charitable Trust jenour Foundation	4,000 2,000	25,000	29,000 2,000	4,000 2,000
Mary Homfray Charitable Trust Merial Gwyneth Lea Charitable Mess Up the Mess Moondance		10,000 13,887 75,659	10,000 13,887 75,659	5,000 75,659
National Lottery Comm Fund Puffin Group Rayne Foundation Simon Gibson Trust Sir Halley Stewart Trust	99,400 15,255 1,000	430,065 10,000 5,000 17,039	529,465 15,255 10,000 5,000 18,039	54,018 10,000 5,000 17,039
Swansea Council		2,200	2,200	4,548
The Volant Charitable Trust				10,000
Waterloo Foundation		55,000	55,000
WCVA	18,385	22,500	40,885	62,583
Welsh Gov DA Grant West Glam Region Partnership		3,177 56088	3,177 56088	160,860 56 088
Total Donations and Legacies	461,877	1,063,130	1,525,007	1,090,171
	Unrestricted	Restricted	Total Funds	Total
	Funds	Funds	2023	Funds
				2022
Charitable Activities				6
Cardiif CC Caerphilly CBC Families First Funding Health		1,772,741 138,916 306,999 248,914	1,772,741 138,916 306,999 248,914	1,609,474 163,945 296,687 290,696
IDVA Services		180,450	180,450	154,899
Inspire 2 Work Local Authority Section 180 Ministry ofIustice		15,764 18,720 536,922	15,764 18,720 536,922	20,699 18,000 68,915
Newport CC Other Income PAT Testing Police fk Crime Commissioners	64,092 30,094	382,197	64,092 30,094 382,197	39,486 178,328 28,191 359,433
Rent 8 Service Charges Social Services SPPG Supported Lodgings Income Symud ymlaen Moving Forward Tenancy Support Schemes Training Income VAWDASV	4,929,247 7,191,816 263,016 176,398	847f085 149,577 93,695 153,974	4,929,247 847,085 7,191,816 149,577 93,695 263,016 176,398 153,974	4,442,367 566,154 6,417,921 197,124 212,522 217,248 137,484 249,726
Welsh Gov. Bereavement
Support Welsh Gov. Transitional Fund Welsh Gov. Section 180		68,048 1,116,709 451,575	68,048 1,116,709 451,575	1,319,893 451,497
Work Based Learning Total Charitable Activities	12654663	202 826 6685 112	202 826 19339775	228 605 17669 294

TO THE FINANCIAL STA nded 31 March 2023	TEMENTS
				2023	2022
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

The average number of full time year amounted to:	equivalent staff employ	ed by the charity during th	e financial
		2023	2022
		No.	No.
Management and administration Service staff	staff	46 447	35 414
		492	449
OPERATING SURPLUS
Operating surplus is stated after	charging:
		2023	2022
		6	E
Staff pension costs Operating leases Depreciation/Amortisation		648,123 120,942 233,087	621,729 120,309 210,997
Auditors remuneration
- as auditors		11,680	11,580
—for other services		474

Year	Ended 31 March 2	023
9.	TANGIBLE FIXED	ASSETS
		Freehold		Fixtures 8	Motor
		property	Equipment E	Fittings f.	vehicles f.		Total
	COST
	At 1 April 2022 Additions Disposals	2,033,735 34,462	49,732 (10,391)	536,492 91,682 (35,983)	102i872 13,680 (4,420)	691,238 49,858 (81,059)	3,414,069 189,682 (131,853)
	At 31March 2023	2,068,197	39,341	592,191	112,132	660,037	3,471,898
	DEPRECIATION
	At I April 2022	283i276	49r524	423r403	65r016	507r740	Ii328i959
	Eliminated on
	Disposal Charge for the year	41,020	(10,391) 139	(35r983) 6li525	(4r420) 17i765	(81059) 112638	(131853) 233i087
	At 31March 2023	324,296	39,272	448r945	78r361	539319	Ir430 193
	NET BOOK VALUE
	At
	31March 2023	1,743,901	69	143r246	33r771	120718	2041705
	At31March 2022	1,750,459	208	113,089	37,856	183,498	2,085,110
10.	INTANGIBLE FIXEDASSETS
							Total
							E
	COST
	At 1 April 2022					92,960	92,960
	Additions
	At 31March 2023					92,960	92,960
	AMORTISATIO N
	At 1 April 2022					92,960	92,960
	Charge for the year
	At 31March 2023					92,960	92,960
	NET BOOK VALUE
	At 31March 1023
	At 31March 2021

EBTORS
	2023	2022
	E	f.
Rent debtors	471,590	446,659
Other debtors Prepayments	2,105,262 260 717	2,046,066 235 673
	2837 569	2 728 398

REDITORS: Amounts falling due within one	year
	2023 f	2022
Trade Creditors PAYE and Social Security Payroll S.Pensions Creditors Deferred Income S.Accruals	378,365 278,111 109,141 668,189	378,201 249,398 89,057 637,511
Tenant Grants	42,120	54,528
Mortgage on Property	33,225	34,053
Welsh Gov. Resilience Fund		13060
	1509151	1455 808

erral bei	ng, that the conditions to enable the gr	ant to be fully utilised have not	been met.
		2023	2022
			E
Balance Income Released	as at 1st April 2022 received in the year to income	421,619 20,437,661 (20~453 873	436,791 17,689,039 (1~7704 211
Balance	as at 31March 2023	405,407	421,619

				2023	2022
					E
Carrying amount offinancial assets Investments measured at fair value Debt instruments at amortised cost				1,404,310 4972061	1,465,461 4 920 113
				6376371	6 385 574
				2023 f	2022
Carrying Measured	amount of at amortised	financial cost	liabilities	890922	882 932
				890922	882 932

ASE COMMITMENTS
	2023	2022
Due cl year Property Photocopiers	F. 120,942 10255 131197	E 106,000 5210 111210
Due 2-5years Property Photocopiers	245,000 22 144	245,000
	267 144	245 000
Due )5years Photocopiers	89
	89
TOTAL	398430	356210

ligations under	leases and hi	re purchase contracts:
			2023
Future minimum	lease payments	due under finance leases
Amounts payable; Within one year Within two to five	years		10,255 22,144
Over five years			90 32439

			2023
			E
Current	Liabilities		10,255
Non-current		Liabilities	22 234
			32499

7. UNRESTRI	CTED FUNDS
	At 1April 2022	Income	Expenditure	Transfer	Gain on Investment	At 31 March 2023
	E	6	E	E	E	E
General Designated	6,395,083 300000 6695 083	13gl36~821 13136821	(12g801g669) 300000 13101669	(155r296) 300000 144704	(61~151) 61151	6g513g788 300000 6813788

IREIg~ear
At 1 April			Gain	on
2021	Income Expenditure At 31 March 2022 Investment
6	6	E	6
Genera I Designated 5,775,049 11,452,676 233 294 300 000 (10,850,594) 233294 17,952					6,395,083 300000
6 008 343 11	752	676 11083	888 17	952	6 695 083
ESTRICTED FUNDS
		Balance at 1Apr 2022	Incoming	Outgoing	Balance at 31Mar 2023
		6
Barelays —Counselling Caerphilly Women's Aid Merger Caerphilly CBC Cardiif CC Counselling Donations and Fundraising Emphasis EYHC EveryYouth Family First Funding Garfield Weston Foundation Health Huggard Charitable Trust Supported Lodgings Inspire 2 Work Learning for Life ACT I evel the Playing Field Ministry ofjustice Newport CC —IDVA Police Br Crime Commissioners 5180 WG Transitional Funding Social Services		95,000 146,356 8,483 29,449	138,916 1,797,740 56,088 49,906 10,000 47,039 70,419 306,999 45,000 248,914 25,000 149,577 15,764 202,826 55,000 536,922 180,450 382,197 451,575 1,116,709 847,085	(95,000) (25,505) (138,916) (I/797/ 740) (56,088) (54,058) (10,000) (47,039) (59,503) (306,999) (45,000) (248,914) (25,000) (149,577) (15,764) (202,826) (57,004) (536,922) (180,450) (382,197) (451,575) (1,116,709) (847,085)	120,851 4,331 10,916 27,445
Symud Ymlaen/Moving Forward			93,695	(93,695)
My Way Home MoonDance Step Into Programme Upstream Cymru VAWDASV		33/333	430,065 75,659 136,078 10,000 157,151	(379,486) (4,551) (136,078) (43,333) (157,151)	50,579 71,108

NALYSIS OF NET	ASSETS (betwee	n restricted	and unrestricte	d funds)
				Net Current
				Assets less
	Tangible Fixed Asset f	Intangible Fixed Asset	Investment f	Creditors over 1year f	Total f
Caerphilly Women's Aid Moondance				120,851 71,108	120,851 71,108
Level The Playing Field				27,445	27,445
Donations 8r
Fundraising Bursary schemes My Way Home WCVA Mentoring				6,324 10,916 50,579 3341	6,324 10,916 50,579 3341
Restricted Funds				290,564	290,564
Unrestricted	2,041,705		Ig404g310	3~367~773	6~813~788
Fund
Total Funds	2041705		1404 310	3658337	7 104352
				Net Current
				Assets less
	Tangible Fixed Assetf	Intangible Fixed Assetf	Investmentf	Creditors over 1yearf	Totalf
Caerphilly Women's Aid				146,356	146,356
Learning 4 Life				95,000	95,000
Level The Playing Field				29,449	29,449
Donations 8r
Fundraising Helpline Upstream Cymru				8,483 33/333 144704	8,483 33/333 144704
Restricted Funds				457~325	457~325
Unrestricted	2,085,110		1,465,461	3,144,512	6,695,083
Fund
Total Funds	2085 110		1465461	3601837	7152408

		Unrestricted	Restricted	TOTAL
Income and Endowments	from:
Donations and Legacies		302,197	787,974	1,090,171
Investment Income		28,940		28,940
Charitable Activities		11,421,539	6,247,755	17,669,294
Fixed Asset Disposal
Total Incoming Resources		11752 676	7 035 729	18788405
Resources Expended on:
Raising Funds		351,855		351,855
Charitable Activities		10,732,033	6,957,006	17,689,039
Total Resources
Expended		11083 888	6 957 006	18040 894
Net Gain on investment		17,952		17,952
Net Movement in
Funds		686,740	78,723	765,463
Reconciliation of Funds
Total funds brought forward		6,008,343	378,602	6,386,945
Total funds carried forward		6 695083	457 325	7 152408