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2022-03-31-accounts

Page
Trustees'
report		 1-17
Statement oftrustees' responsibilities 18
Independent
auditor's		 report 19-21
Statement offinancial activities 22
Balance sheet 23
Statement
ofcash flows		 24
Notes to the financial statements 25-39

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 - resigned 30/6/22
Trustees P Higson - Chair
G Duncan - resigned
29/3/22
R Dineen - resigned 1/4/21
(Derrick - resigned 10/1/22
C Bolton - resigned 17/8/21
RAhmed
C Williams
I Brown - appointed 20/4/21
W Copp- appointed 18/5/21
SPullen - appointed 18/5/21
C Brian - appointed 28/3/22
N Grimes - appointed
26/4/22
Senior Management A Roper (Chief Executive) - resigned July 2022
G Meredith
(Chief Executive)		 - appointed July 2022
J Nicholson
(Operational
Director)
SJones (Regional Operational Director)
SCof/ey (Director ofFinance)
C Ferris (Assistant Director —People)
G Jenkins (Operational
Director)
N Phillips (Assistant Operational Director)
Ky(Mshaw (Assistant Operational Director)
Auditors Azets Audit Services
Ty Deiw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF238AB
Bankers National Westminster
Bank PLC
277 Cowhridge
Road East
Canton

Unrestdicted Total Unrestricted Restricted Total
funds funds funds
2022 2022 2021 2021 2021
Notes 6 8 6 8
lttgttmafmm;
Donations and legacies 3 568,000 568,000
Chaditable
activities		 4 33,202,470 33,202,470 29,593,109 339,267 29,932,376
Investments 5 181 181 1,153 1,153
Total income 33,202,651 33,202,851 30,162,262 339,267 30,501,529
gxp~nt gmgm
Charitable
activities		 6 30,714,491 30,714,491 28,127,500 339,267 28,466,767
Net income for the year/
Net movement in funds 2,488,160 2,488,160 2,034,762 2,034,782
Fund balances at 1 April 2021 6,520,035 6,520,035 4,485,273 4,485,273
Fund balances at 31 March 2022 9,008,195 9,008,195 6,520,035 6,520,035

2022 2021
Notes 6
Fixed assets
Tangible assets 10 2,226,159 2,370,743
Cunent assets
Debtors 3,517,677 4,389,538
Cash at bank and in hand 4,286,553 829,325
7,804,230 5,218,863
Creditors: amounts falling due within
one year (1,022,194) (868,149)
Net current assets 6,782,036 4,350,714
Total assets less current liabilities 9,008,195 6,721,457
Creditors: amounts falling due after
more than one year 13 (201,422)
Net assets 9,008,195 6,520,035
Income funds
Unrestricted funds
Designated funds 18 4,370,489 4,305,850
General unrestricted funds 4,637,706 2,214,185
9,008,195 6,520,035
9,008,195 6,520,035

2022 2021
Notes 6 6
Cash flows from operating activities
Cash generated
from operations		 23 3,593,701 1,194,736
Investing
activities
Investment
income received		 181 1,153
Net cash generated
from		 investing
activities 181 1,153
Financing
activities
Repayment
ofbank loans		 (88,248) (87,261)
Net cash used in financing activities (88,248) (87,261)
Net increase
In cash and cash equivalents		 3,505,634 1,108,628
Cash and cash equivalents at beginning ofyear 780,919 (327,709)
Cash and cash equivalents at end of year 4,286,553 780,919
Relating to:
Cash at bank and in hand 4,286,553 829,325
Bank overdrafts
included		 in creditors payable
within one year (48,408)

Total Unrestricted
funds
2022 2021
E E
Legacies receivable 568,000
Charitable
activities
2022 2021
E E
Service users charges' receivable 2,926,924 2,964,264
Local authority contracts 27,714,568 25,081,775
Other grants and allowances 2,454,929 1,831,749
Appointeeship income, consultancy and central
sales 69,904 30,893
Meeting room hire 36,145 23,695
33,202,470 29,932,376
Analysis
by fund
Unrestricted
funds		 33,202,470 29,593,109
Restricted funds 339,267

Unrestricted Unrestricted
funds funds
2022 2021
6 5
'
Interest receivable 181 1,153
Charitable
activities
2022 2021
6 8
Smff costs 24,096,927 22,752,240
Depreciation
and		 impairment 144,584 144,817
Other salary costs 525,808 413,451
Accommodation costs 1,985,869 1,803,956
Other costs 375,987 255,935
Operating
leases		 83,117 88,150
27,192,290 25,458,549
Share ofsupport costs (see note 7) 3,504,801 2,992,255
Share ofgovernance costs (see note 7) 17,400 15,963
30,714,491 28,466,767
Analysis
by fund
Unrestricted
funds		 30,714,491 28,127,500
Restricted funds 339,267

7 Supportcosts Supportcosts
Support Governance 2022 Support costs Governance 2021
costs costs costs
E E F
Staff costs 2,095,385 2,095,385 1,978,456 1,978,456
Accommodation costs 268,073 268,073 245,994 245,994
Other costs 1,141,343 1,141,343 767,805 767,805
Audit fees 17,400 17,400 13,140 13,140
Trustees' meetings 2,823 2,823
3,504,801 17,400 3,522,201 2,992,255 15,963 3,008,218
Analysed between
Charitable activities 3,504,801 17,400 3,522,201 2,992,255 15,963 3,008,218

The averag e monthly
nu		 mber ofemployees
during the year was:
2022 2021
Number Number
Supported accomodation and domiciliary care 1,103 1,106
Management and administrative staff 59 59
Total 1,162 1,165
Employment costs 2022 2021
E E
Wages and salaries 23,851,549 22,429,562
Social security costs 1,773,877 1,755,832
Other pension costs 566,886 545,302
26,192,312 24,730,696

2022 2021
Number Number

Tangible fix ed asset s
Freehold land Fixtures and Computers Motor vehicles Total
and buildings fittings
6 8
Cost
At 1 April 2021 2,473,125 35,507 508,457 13,995 3,031,084
At 31 March 2022 2,473,125 35,507 508,457 13,995 3,031,084
Depreciation and impairment
At 1 April 2021 273,258 19,209 353,879 13,995 660,341
Depreciation charged in the year 36,898 10,294 97,392 144,584
At 31 March 2022 310,156 29,503 451,271 13,995 804,925
Carrying
amount
At 31 March 2022 2,162,969 6,004 57,186 2,226,159
At 31 March 2021 2,199,867 16,298 154,578 2,370,743

11 Debtors
2022 2021
Amounts
falling due		 within one year: 9 6
Trade debtors 3,339,430 3,983,547
Prepayments and accrued income 178,247 405,991
3,517,677 4,389,538
12 Creditors: amounts falling due within one year
2022 2021
Notes 6 6
Bank loans and overdraRs 14 195,421 130,653
Other taxation and social security 467,615 402,928
Deferred income 15 42,268
Trade creditors 62,474 96,181
Other creditors 114,594 130,833
Accruals 182,090 65,286
1,022,194 868,149
13 Creditors: amounts falling due after mora than one year
2022 2021
Notes 6 6
Bank loans 14 201,422
2022f 2021
8
Bank overdrafts 48,406
Bankloans 195,421 283,669
195,421 332,075
Payable within one year 195,421 130,653
Payable after one year 201,422

2022 2021
6 8
Other deferred
income		 42,268
Deferred income is included in the financial statements as follows:
2022 2021
6 6
Deferred income is included within:
Current liabilities 42,268
Movements
in the year:
Deferred income at 1 April 2021 42,268
Released from previous
periods		 (42,268)
Resources deferred in the year 42,268
Deferred income at 31 March 2022 42,268

Movement in funds Movement
in funds
Incoming Resources Balance at Incoming Balance at
resources expended 1 April 2021 msoumes 31 March 2022
6 6 6 6 6
HMRC Coronavirus Job Retention
Scheme 339,267 (339,267)
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19 Analysis ofnet assets between funds
Unrestricted Designated Total Unrestricted Designated Total
2022 2022 2022 2021 2021 2021
6 6 8 E 8
Fund balances at 31
March 2022 are
represented
by:
Tangible assets 2,226,159 2,226,159 2,370,743 2,370,743
Current assets/(liabilities) 2,411,547 4,370,489 6,782,036 2,415,607 1,935,107 4,350,714
Long term liabilities (201,422) - (201,422)
2,411,547 6,596,648 9,008,195 2,214,185 4,305,850 6,520,035

non-cancellable
operating
leases, which fall due as follow		 s:
2022 2021
6 K
Within one year 29,491 30,784
Between two and five years 16,235 36,478
45,726 67,262

23 Cash generated from operations operations 2022 2021
6 6
Surplus for the year 2,488,160 2,034,762
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (181) (1,153)
Depreciation
and		 impairment
oftangible fixed assets		 144,584 144,817
Movements
in working		 capital:
Decrease/(increase)
in		 debtors 871,881 (873,843)
Increase/(decrease)
in		 creditors 131,545 (352,115)
(Decrease)/increase
in		 deferred income (42,268) 42,268
Cash generated from operations 3,593,701 1,194,736
24 Analysis ofchanges in net funds
At 1April 2021 Cash flowsAt 21 March 2022
6 6 6
Cash at bank and in hand 829,325 3,457,228 4,286,553
Bank overdrafts (48,406) 48,406
780,919 3,505,634 4,286,553
Loans falling due within one year (82,247) (113,174) (195,421)
Loans falling due after more than one year (201,422) 201,422
497,250 3,593,882 4,091,132