OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Page
Trustees'
report		 1-13
Statement oftrustees' responsibilities 14
Independent
auditor's		 report 15-18
Statement
offinancial		 activities 19
Balance sheet 20
Statement ofcash flows 21
Notes to the financial statements 22-37

Purpase ond Acg Hp gpstsms
Pdnclpkn mess ndnking
Wc Iww
~		 Ws hsm Wc hme ~
itsiorl of~		 we have ~
waf nf		 we think of
ourselves as		 wedwck
whether		 we pnontite
acbons and		 wedo
what has		 We report oa
actkms and
pvlpmc
end ~set oi
prlrtclples
Io grrlde
US		 sono Iong
lerm gooI
to kill dc ui		 bitter hrtvm
ana lmcw whit
our ceca Ir
Ir
~duvvlrlk ths!
4sIOll		 making smc
we think
sbnrrtau
tha
rbgerent
~sparta of		 a whole
spstem that
needs tosaw
egldendsfor
the benetkot		 snsmlng
needs
rmpnnang
araesnng		 plsnhow
to
do them
salting
SMART goals		 been
planned
and Check
sgsirl		 Itcorrres
arid adapt our
plans as
needed
wlwt we do the people
wt ~nfl port		 4
ornaments
We do all these sctMnes
Wskcop drat ~ Irl wa vse all the at dlgemnt Icmls:
HCW We
Wlall		 nsnit et ~II
~nd mnew
rmce a tear		 times
them		 fanowlngbbsck
we ma this
~ndpbsc
lrrldersle ltdtrig
l.
to avoid
1.Senlrn betise rp blaming
people
hwwklorce
forprohlems-		 1.
national:
the business
Plan.
1.
Oossbeparbnental;
Project Plans.
s.
servlcei Goa I plans.
C.Tngl laI and to work on C,
kmploteer
S.Resovme|Ihe stsmm appmrssl Goals
Iris'teed
Our long-term goals for 2020/2025 are:
Activity Areas
Long-Term		 Goals
Governance To become an exemplar of good governance
in compliance		 with charity and
co-operative expectations
Service Delivery
To become		 an exemplar of the co-productive
achievement
ofwell-being outcomes for the people we support
yyorjffo roe To have the lowest staff turnover
and absence rates in our		 sector
Digital To become an exemplar of the good use ofdata, digital systems and technology in a
well-being/outcomes-focused support provider
Resources To build our reserves to the level desired
in our Reserves Policy

P Higson —Chair
G Duncan
R Dineen - resigned 1stApril 2021
I Derrick
H Tyrrell - resigned 4th November 2021
C Bolton - resigned 17th August 2021
RAhmed
C Williams
I Brown - appointed 20th April 2021
W Copp - appointed
SPullen - appointed		 18th May 2021
18th May 2021

Reference Reference and administrative details
Charity Name Cartrefi Cymru Co-operative Limited
Charity Number 702290
Company Number 2420623
Registered Office 5 &6Coopers Yard
Curran
Road
Cardiff
CF105NB
Company Secretary A Roper
Trustees P Higson - Chair
G Duncan
R Dineen - resigned 1/4/21
I Derrick
H Tyrrell- resigned 4/11/21
C Bolton - resigned 17/8/21
RAhmed
CWilliams
I Brown - appointed 20/4/21
WCopp- appointed 18/5/21
S Pullen - appointed 18/5/21
Senior Management A Roper (Chief Executive)
J Nicholson
(Operational
Director)
SCarey (Director —Mid and South East Wales) - left October
2020
SJones (Regional Operational Director)
SCoffey (Director of Finance)
C Ferris (Assistant Director —People)
KNlilliams
(Assistant		 Director —Resources) - left April 2020
G Jenkins (Operational Director)
N Phillips (Assistant Operational Director)
KWilshaw
(Assistant		 Operational Director)
Auditors Azets Audit Services
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Bankers National Westminster Bank PLC
277 Cowbridge
Road		 East
Canton
Cardiff

Restated
Unrestricted Restricted Total Unrestricted
funds funds funds
Notes 2021
f		 2021
f		 2020f
Igggmafmgt;
Donations and legacies 4 568,000 568,000 3,510
Charitable
activities		 5 29,593,109 339,267 29,932,376 25,832,650
Investments 6 1,153 1,153 1,579
Total income 30,162,262 339,267 30,501,529 25,837,739
~Ex
!~ni~n:
Charitable
activities		 7 28,127,500 339,267 28,466,767 26,948,106
Other 130,925
Total resources expended 28,127,500 339,267 28,466,767 27,079,031
Net income/(expenditure) forthe year/
Net movement
in funds		 2,034,762 2,034,762 $1,241,292)
Fund balances at 1April 2020 4,485,273 4,485,273 5,726,565
Fund balances at 31 INarch 2021 6,520,035 6,520,035 4,485,273

2021 2020
Fixed assets
Tangible assets 12 2,370,743 2,515,560
Current assets
Debtors 4,389.538 3,715,695
Cash ai bank and in hend 829,325 24228
5,218,863 3,739.923
Crecfltors: smounls falling due within
one year 15 (866,149) (1.481,527)
Nel current assets 4,350,714 2,258,396
Total assets less current liabilities 6,721,457 4.773,956
Creditors: amounts falling due after
more than one year (201,422) (288,683)
Nel assets 6,520,035 4,485,273
Income funds
~n
t7esignated
funds		 20 4.305,S50 451,6SS
General unrestricted funds 2,214,185 4.033,385
6,520.035 4,485,273
8,520,035 4,485,273

2021 2020
Notes 6 6
Cash flows from operating activities
Cash generated
from/(absorbed		 by) 25
operations 1,194,736 (1,058,653)
Investing
activities
Purchase oftangible
fixed		 assets (86,930)
Investment
income received		 1,153 1,579
Net cash generated
from/(used		 in)
investing
activities		 1,153 (85,351)
Financing
activities
Repayment
ofbank loans		 (87,261) (81,246)
Net cash used In financing activities (87,261) (81,246)
Net increase/(decrease) in cash and cash
equivalents 1,108,628 (1,225,250)
Cash and cash equivalents at beginning ofyear (327,709) 897,541
Cash and cash equivalents at end ofyear 780,919 (327,709)
Relating to:
Cash at bank and in hand 829,325 24,228
Bank overdrafts
included		 in creditors
payable
within one year		 (48,406) (351,937)

2021 2020
6 6
Service users charges' receivable 2,964,264 4,129,718
Local authority contracts 25,081,775 20,325,841
Staff costs recharged 165,451
Other grants and allowances 1,831,749 1,042,634
Appointeeship income, consultancy and central
sales 30,893 25,867
Meeting
room		 hire 23,695 15,209
Other income 127,930
29,932,376 25,832,650
Analysis
by fund
Unrestricted
funds		 29,593,109 25,832,650
Restricted funds 339,267
29,932,376 25,832,650

Unrestricted Unrestricted
funds funds
2021 2020
6 6
1,153 1,579

2021 2020
6 6
Staff costs 22,752,240 21,220,075
Depreciation
and		 impairment 144,817 209,791
Other salary costs 413,451 401,648
Accommodation costs 2,256,976 1,659,517
Other costs 127,236 341,290
Operating
leases		 88,150 105,635
25,782,870 23,937,956
Share ofsupport costs (see note 8) 2,667,934 2,995,398
Share ofgovernance costs (see note 8) 15,963 14,752
28,466,767 26,948,106
Analysis
by fund
Unrestricted
funds		 28,127,500 26,948,106
Restricted funds 339,267
28,466,767 26,948,106
Support costs
Support Governance 2021 Support Governance 2020
costs costs costs costs
6 6 6
Staff costs 1,978,456 1,978,456 1,627,264 1,627,264
Accommodation costs 307,769 307,769 198,503 198,503
Other costs 381,709 381,709 1,169,631 1,169,631
Accountancy fees 13,140 13,140 13,140 13,140
Trustees'
meetings		 2,823 2,823 1,612 1,612
2,667,934 15,963 2,683,897 2,995,398 14,752 3,010,150
Analysed
between
Charitable
activities		 2,667,934 15,963 2,683,897 2,995,398 14,752 3,010,150

Total Unrestricted
funds
K
2021 2020
Net loss on disposal oftangible fixed assets 130,925
130,925

2021 2020
Number Number
Supported
accomodation		 and domiciliary care 1,106 1,094
Management
and administrative		 staff 59 59
Total 1,165 1,153
Employment
costs		 2021
f		 2020
E
Wages and salaries 22,429,562 20,782,203
Social security costs 1,755,832 1,539,018
Other pension costs 545,302 526,118
24,730,696 22,847,339

The
number
of employees		 The
number
of employees		 The
number
of employees		 whose whose annual remuneration remuneration was 660,000 was 660,000 or
more were:
2021 2020
Number Number
660,000 - 870,000 1 1
670,000 - 880,000 1 1
Key management personnel
The key management personnel of the charity during the period are noted in the trustees report.
The total emoluments and benefits received
by the key management		 personnel during
the		 year was
6581,338(2020:6418,629).
Redundancy
costs		 incurred during the year totalled anil (2020:6146,879).At year end redundancy costs
of Enil (2020:6116,274)were outstanding.
Tangible fixed assets
Freehold lend Fixtures end CornputersMotor vehicles Total
end buildings fittings
6 6 6 6
Cost
At 1April 2020 2,473,125 35,507 508,456 13,995 3,031,083
At 31 March 2021 2,473,125 35,507 508,456 13,995 3,031,083
Depreciation
and		 impairment
At 1April 2020 236,360 8,915 256,486 13,762 515,523
Depreciation
charged		 in the year 36,898 10,294 97,392 233 144,817
At 31 March 2021 273,258 19,209 353,878 13,995 660,340
Carrying
amount
At 31 March 2021 2,199,867 16,298 154,578 2,370,743
At 31 March 2020 2,236,765 26,592 251,970 233 2,515,560

13 Debtors
2021 2020
Amounts
falling due within one year:		 6 6
Trade debtors 3,983,547 3,552,608
Prepayments and accrued income 405,991 163,087
4,389,538 3,715,695
14 Loans and overdrafhr
2021 2020
6
Bank overdrafts 48,406 351,937
Bank loans 283,669 370,930
332,075 722,867
Payable
within		 one year 130,653 434, 184
Payable after one year 201,422 288,683

Creditors: amounts
falling due within one year
2021 2020
Notes 6 6
Bank loans and overdrafts 14 130,653 434,184
Other taxation and social security 402,928 409,301
Deferred income 17 42,268
Trade creditors 96,181 478, 154
Other creditors 130,833 2,170
Accruals 65,286 157,718
868,149 1,481,527

Credi tom: amounts
falling due after		 more than one year
2021 2020
Notes 6 8
Bank loans 14 201,422 288,683
2021 2020
8 8
Other deferred income 42,268
2021 2020
8 8
Brought forward 140,586
Income received in year 42,268
Income released in year (140,586)
Carried forward 42,268

Movement Movement in funds
in funds
Incoming Balance at Incoming Resources Balance at
resources 1 April 2020 resources expended 31 March 2021
6 6 6
HMRC Coronavirus Job Retention
Scheme 339,267 (339,267)

eO0
CL0a0
I
Uea
O		 O 44
OO
It CV
bl
Il
lb U
0
4IO
I-		 O 44
OO
It CV
bl
Il
lb U
0
4IO
I-		 Ctl
bI		 IA
CD
N
CD
Cb		 IA
IO
O
0&
N
Q
I
O
O
N		 I
CO
N
40
N
CD		 IA
C4
IA
Cb
Cb Q
I
O
N Q
IOO
N N		 IA
C4
IA
Cb
Cb Q
I
O
N Q
IOO
N N		 O
0
Q
O
IA		 Cb
Cb
CO
CO
CV
bb
Ot
IO
CO
N		 Cb
IA
Ot
IA
Ot		 O QO
OOO
Q QQ
OOOO
CD
ID O
IA N
Q Q
O O
Q O
O O
O O
8 888
QQ
OOOOO
O
Cb O O O
CD
CD 0 O O
ICI N		 O QO
OOO
Q QQ
OOOO
CD
ID O
IA N
Q Q
O O
Q O
O O
O O
8 888
QQ
OOOOO
O
Cb O O O
CD
CD 0 O O
ICI N		 O QO
OOO
Q QQ
OOOO
CD
ID O
IA N
Q Q
O O
Q O
O O
O O
8 888
QQ
OOOOO
O
Cb O O O
CD
CD 0 O O
ICI N		 O QO
OOO
Q QQ
OOOO
CD
ID O
IA N
Q Q
O O
Q O
O O
O O
8 888
QQ
OOOOO
O
Cb O O O
CD
CD 0 O O
ICI N		 OI
N		 O
0
lb
tbe
lb
e		 'b
4I
0
0Il
o
Ot		 O
44
O
bt
t
a
4C		 bt Ot
CO
CA		 lo
CO
Cb
IDI		 Ct4
0
N		 CO
N
Ctt
N		 Q
0
O		 QQ
IA
4b
Ib
0		 4I
ItOalI-		 Ctt
CO
ID
CO
N		 Q
ICI
lo
O
I		 NNQQ
Ct4
Ot Q 0
IO 40 O O
IO
4C O O
I
N
IA
V&e0
40		 OO
4I 4l
0 OO
0 b
II X
4I		 CII N0)
Ot
ot		 O
lo
IO		 IA
Cb
Cb
N
Cb
0
Ct
:l2
Ib
m
0
O0		 bt
tlo
b O
0 C4
0.—
be
Il a
m 4C		 bl IA
N		 N
O
Ct0
0
lb
0Z
4 O'00
IUDZI-Z00
CaI-Z
IUX
IUI-
I-
CU
0Z
cf.Z
IUZI-0I-
N
IUI-0Z		 CV
45
CV
C
4
4
lU
0		 O'0
L
4D
bl
lb0ol		 0e
m0
Ot
tb
tb0
otE
0
e
e0
0E
m
0e
40
O'00
4e
E
8		 c
0
2
0
1b
E
c		 0
E
Ib0 0
Ib e
o. E
0
e a
m
O
E
a1O
lb
0™
e
eo
eo
—Lo
LL
LL
0—e
,0
bt
'm e
bt p
O
0'm" ~
lb
I e
X LE Z		 EeE
m0
lb
E
otO~0
o 0
Z		 D
0
0j
m
m
00
Ib
CL		 L0
m
eEea
E
m
bt'0
m0
0
bl
bt0
O.
0
c
m
Ct
CL
E
0
0
0
CO		 0
bl
0
CL00
m
'E
e
Ib
e
0
CO		 L0
bl
CL
CL
O
O.		 D
C
O
bl
lb
X
IL
D
4I
C0		 Ql
Ql
13eE
E		 0
I-		 Q
N
Q
N		 4I CI
Ct
IA
IA
N		 CCI
N
N		 r
IA
Ll L0
Pl
C		 In
Ql4l
N2		 '0eo Q
N
CI
N		 Err
e 6 Ne
tne0C
Ql
Ql
0		 0
EO		 4l
N		 Ql
QlC
Cb		 Q
ClN		 4l
C0 bl
0		 Ql
~b'0		 In4l
Cr
CI
LLII-
UJ
IL00
O
D
O
LLIK
KI-
O		 O
IUDZI-Z0
O
Oil
IZ
ILI
IUI-
I-
Ol
OZ
Z
IUZI-0I-
Ol
IUI-0Z		 O
U
O
Ci
LU
LLI
0		 N'0
C
b'0
Ql
lbC
Dl
III
CI		 C0
I
IO
0
Ql
InN00
IO
C0
N
CeE
Ql
CL
E
cp
0
Ql
C N
N C
Dl
rn
Ql
eLN
Fop
0 C
R LL
IOe
ln
IC
I4
Ql0
EO
0
ul
41C 0
D.
C C
nl
QI D.
0		 One
IQl
CO		 6
Ine
0
In
CeED.0
4l
0
cn
Ql
rn
40
C
Ql
Ea0e
ID
cnC
0C
pl
Ql
IO
In
40
Ce
Ea0
ID
eD
Ql
0D.a
En0
0e
QlCpl
nl
Ql
1D
C
LL		 tn
Ne000
I
Ql
0
Ql
COE
I0
Ql
CD
Etl
E
E
C
E
CO
0
EO
c
QI
CL
—8
En
elc
C2
CO 0
o
Q
D
En
Ql
'0c o
p e
D.=
0
m
N
'
I
C 0
IOO~
0 EON
.N o D.e
Dec
eD.c
4L e
0 N 'C
lb C 0
-SN
Ep-
EO
N C-
ol E
0 bl 0
4l
t
0 cn
2Nc
e&z
C C
e
CA IL		 000
'0
C
Qla
Ql
0C
N'0
0
LLE
O.
EL
40
C
Ql
Ee
00a
rn
Ql
0
N
L0
IOae
D.o
E0C
Na
Cb
'0
c c
0 v-0
IO
IOae e
0 cn
0 bl
Eo
e
N
'00
C C
Na LL		 8
N
En
EO
13
ECe
4-
N
e
0e
0e
EO
00
eC
e
C
ID
g6
Ol 0
In
N
tn
'Q e
4l
Ql
bt
Ql
EL EL		 Ql
0
EO
0
N
0
EOCPl
N0
Ql
0
CO
N
C
e
In8
CO
CO
0
0
C
00
Dl
C
Ie
Ql0e
0
e
N
Ql
B Ine
4I
rn
rn
C c
PP		 N
QOC
C
Ql
8
4IC
0
ln
IOC
QL
N		 In
Ql
C
~
Ql0
r
lb
0
'C
IL
'0
4I
N0
cn
Ne
CI		 Q
Ol
CI
N
N
Q
N
N
CI
N
CIC
CI
N
CC
CI
N		 4l
Crl
Cll
W
Cll		 Q
CO
IA
IA
IA
CI
CI
N
Ql
N
N
0
N
IO
N
'n 8
NM
Ql
o0
tn
C e
N
EO
Nce
0 eN0
'0 e 'cn
C
m		 CO
Q
IA
CO
Q
CO
I
Q
EA
PI
'Ir
ID
IA
Cb
I
Q
CO
IA
N
N
Ql
N
Ql
rn
rn
C
LD
0		 EO
CO
EO
CO
CO
N
NN
Q
N
t
N
N
QN
In
Ql
IO
Ee
plCp
a		 Ctr
CI
CI
CI
IA
Q
IA
CI
CEE

2021 2020
E E
Within one year 30,784 37,278
Between two and five years 36,478 58,013
67,262 95,291

2020 no balance was outstanding. 2020 no balance was outstanding. (2020 - none).
Cash generated
from operations		 2021 2020
E E
Surplus/(deficit)
for the year		 2,034,762 (1,241,292)
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (1,153) (1,579)
(Gain)/loss
on disposal oftangible		 fixed assets 130,925
Depreciation
and impairment
oftangible fixed assets		 144,817 209,791
Movements
in working capital:
(Increase)
in debtors		 (673,843) (473,896)
(Decrease)/increase
in creditors		 (352,115) 457,984
Increase/(decrease)
in deferred		 income 42,268 (140,586)
Cash generated
from/(absorbed		 by) operations 1,194,736 (1,058,653)

26 Analysis ofchanges
in net funds/(debt)		 Analysis ofchanges
in net funds/(debt)
A11April 2020f Cash llowsAt 31 March 2021
8
8
Cash at bank and in hand 24,228 805,097 829,325
Bank overdrafts (351,937) 303,531 (48,406)
(327,709) 1,108,628 780,919
Loans falling due within one year (82,247) (82,247)
Loans falling due after more than one year (288,683) 87,261 (201,422)
(698,639) 1,195,889 497,250