## |||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)|||| ||||||N
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LL|| ## ## |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|