2023-03-31-accounts

		Page
Trustees' report		1-15
Statement oftrustees'	responsibilities
Independent auditor's	report	17-19
Statement ofgnancial	activities	20
Balance sheet		21
Statement ofcash flows
Notes tothe financial	statements	23-36

Reference	and administrative	dsbrits
Cherty Name			Cartrefi Cymru Co-operative		Limited
Charity Number			702290
Company	Number		2420623
Registered	Ofnce		5&6Coopers Yard
			Curran Road
			Cardilf
			CF105NB
Company	Secmtary		ARoper - appointed 23June		2023
Trustees			C Brian
			i Brown
			N Grimes
			S Pullen
			RAhmed-msigned21	July2023
			W Copp- resigned 31	March	2023
			P Hlgson - resigned 13January			2023
			CWit)terna- resigned 21 April 2023
Senior Idanagement			ARoper (interim Chief Executive from 23June 2023)
			G Meredith (Chief Executive		resigned 23June 2023)
			J Nicholson (Operations Director retired 31 March 2023)
			SJones (Assistant Regional		Director)
			SCofiey (Director cfFinance)
			C Fenis (Assistant Director ofPeople retired 31 December
			2022)
			GJenkins (Operations	Director)
			N Phillips (Assistant Regional Director)
			KWilshaw (Assistant	Regional		Director)
Auditom			Azets Audit Services
			Ty Derw
			Lime Tree Courl
			Cardiff Gate Business	Park
			Cardiff
			CF23SAB
Bankers			National Westminster	Bank PLC
			277 Cowbridge Road	East
			Canton
			Cardiff
			CF5 tWX
Solicitom			Antony Collins Solicitors LLP
			134Edmund Street
			Birmingham
			B32ES

			Unrestricted	Unmebtctad
			funds	funds
			2023	2022
		Notes		8
lnggt0tLItttgN
Charitable activities		3	35,550,851	33,202,470
Investments		4	21,211	181
Total income			35,801,882	33,202,851
Euattt91tt694ltr
Charitable activiTies		5	35,048,123	30,714,491
Net income for	the yeari
Net movement	in funds		555,739	2,458,160
Fund balances at 1 April 2022			9,008,195	6,520,035
Fund balances	at 31March 2023		9,563,934	9,008,195

			2023		2022
			8		8
Fixed assets
Tangible assets				2,128i443		2,226,159
Current assets
Debtors		10	5,5S9,275		3,517,677
Cash at bank and in	hand		3,149,229		4,286,553
			8,718,504		7,804,230
Creditors: amounts	falling due within
one year		11	(1281,013)		(1,022,194)
Net current assets				7,437,491		8.782,036
Total assets less cunent Babgltles				9,583,934		9,008,195
income funds
Qnm~ttd funds
Designated funds		15	4,465,182		4,370,489
General unrestricted	funds		5,098,752		4,837,706
				9,583,934		9,008,195
				9,563,934		9,008,195

				2023	2022
			Notes	8	5
Cash flows from operagng		a«tlvltles
Cash (sbsorbed by)/generated		from	21
operations				(963,114)		3,593,701
Investing activities
Investment income received				21,211	181
Net cash generated from	Investing
activities				21,211		181
Financing activities
Repayment ofbank loans				(195,421)	(88,248)
Net cash used in financing		a«Uviigies		(195,421)		(88,248)
Net (decrease)fincrsase	in	cash and cash
equivalents				(1,137,324)		3,505,634
Cash snd cash equivalents	at beginning		ofyear	4,286,553		780,919
Cash and cash equivalents		at end ofyear		3,149,229		4,286,553

								2023f	2022
StafFcosts								27,594,757	24,098,927
DepreciaBon and	impairment							99,?18	144,584
Other salary costs								990,328	525,808
Accommodation	costs							2,441,540	1,965,889
Other costs								265,335	375,987
Operating leases								107,351	83,117
								31,499,027	27,192,290
Share ofsupport	oosts (see		note 6)					3,521,436	3,504,801
Share ofgovernance		costs	(see note	6)				25,660	17,400
								35,046,123	30,714,491
Supportcosts
			Support		Governance	2023	Support	Governance	2922
			costs 8		costa 8	f	costs 8	costs 8	8
Stalf costs			2,392,495			2,392,495	2,095,385		2,095,385
Accommodation	costs		332,937			332,937	288,073		268,073
Other costs			798,004			798,004	1,141,343		1,141,343
Audit fees					25,660	25.660		17,400	17,400
			3,521,438		25,880	3,547,098	3,504,801	17,400	3,522,201
Analysed between
Charitable activities			3,521436		25,680	3,547,098	3,504,801	17,400	3,522gg 1

The averag	e	monthly nu	mber o	femploye	es during the year was:
						2023	2022
						Number	Number
Supported	accomodation		and domidliary		care	1,088	1,103
Management		and administrative		staff		79	59
Total						1,187	1,162
Employment		costs				2023	2022
						R	R
Wages and	salaries					27,001,794	23,851,549
Social security costs						2,332,062	1,773,877
Other pension costs						653,396	566,886
						29,987,252	26,192,312

2023	2022
Number	Number

9	Tangible fixed assets	Tangible fixed assets
					Fnmhokl	land	Futures and	oomnntma	Motor tmhtoloa	Total
					and bnhdlnho		httlnho
							8		8
	Cost
	At 1April 2022				2,473,125		35,507	508,457	13,995	3,031,084
	At 31 March 2023				2,473,125		35,507	508,457	13,995	3,031,084
	Depmciatlon and hnpalrment
	At 1April 2022				310,156		29,503	451,271	13,995	804,925
	Depreciation charged		in the	year	36,898		6.004	56,8'l4		99,716
	At 31 March 2023				347,054		35,507	508,085	13,995	904,641
	Canying amount
	At 31 March 202S				2,126,071			372		2,126,443
	At 31 March 2022				2,162,969		6,004	57,188		2,226,159
	Freehold land and buildings			with s carrying amount of			hnil (2022 - 52,162,969) have been pledged to secure
	borrowingo offhs charity. The charity is				not allowed to		pledge these assets sa securily for other borrowings or
	to ssg them to another		entity.
									2023	2022
	Amounts falling due		within	one year:					8	5
	Trade debtors								5,300,193	3,339,430
	Other debtors								165,943
	Prepayrnents snd accrued income								103,139	178,247
									5,569,275	3,517,677
11	Cmditora: amounts	falling		due wHhfn	one year
									2023	2022
								Notes	8	8
	Bank loans									195,421
	Olhsr taxation and social security								541,233	467,815
	Deferred income								300.000
	Tmde cmditors								57,857	62,474
	Other creditors								359,023	114,594
	Accruals								22,900	182,090
									1,281,013	1,022,194

					2023	2022
					2	2
Other deferred income					300,000
Deferred	income is	induded	in the financial statements	as follows:
					2023f	2022 8
Deferred	income is	included	within:
Current	liabilities				300,000
Movements in the year:
Deferred	income at	1 April	2022			42,268
Released from previous periods						(42,268)
Resources deferred		in the year			300,000
Deferred	income at	31 March 2023			300,000

	'g cl II «I p	ill	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4	-".@98555558 ee™ÃC«SSgNSR C4
			CD O e~		'	't I ~So			I O o	I	I
0
N
8
58
	lC «CC ga DD 'C-a g cC	CCC			58m-585885 C«O Dl cD Oeo o8g cD '%pecDoo ecc'tace							CD CD O
5E			CC	CC	ID CI cC RSRS CD O CD				I I I
6
03
5'5
Sl	D5 'C-a 4 CC		l ID CD CV	e CD O Ch CC	I CD CC	CD CD C«CD IDe Ch Cl DC		O O O O O CD e88888~ CDO«toOOO ceo go l CC
«C									CD
8									8E
									E
D									8
4 E				O. «l C	Cl.0				D CC C k 8 O	C 0
									DCCCC
									D D g
E8			D E Tll	p 'C	IO	ITC	E	8 I P Cao CC
					u	Xx		l5	~D IS	Q.	Ic.

16	Analysis of	net assets	between funds
			Unrestricted	Designated	Total	Unrestricted	Designated	Total
			2023 f	2023 2	2023	2022 F	2022 f	2022 2
	Fund balances st31
	March 2023	sre
	represented	by:
	Tangible assets			2,126,443	2,126,443		2,226,159	2.228,159
	Current assets/(liabilities)		5,098,754	2,338.737	7,437,491	2,411,547	4,370,489	6,782,036
			5,098,754	4,465,180	9,563,934	2,411,547	6,596,648	9,008,195

	2023	2022
	8	6
Within one year	12,592	29,491
Between two and five years	3,426	16,235
	16,018	45,726

The aggregate capital was as folhws:	and res	erv	es and the	es and the	result for the year of subsidiarie	result for the year of subsidiarie	result for the year of subsidiarie	s exduded from c	onsoidation
Name ofundertaking			Profit/(Loss)		Capital and
					Resenres
					5		8
Action Research (Cardifi)
limited						100
Asthe company is dormant the		accounts		do not consofdate			the subdidiary.
Cash generated from	operations							2823 8	2022f
Surplus for Ihe year								555,739	2,488,18D
Adjustments for:
Investment income recognised		in	statement offinancial			activkies		P1,211)	(181)
Depreciation and im'pairment oftangible				lixed	assets			99,716	144,584
Movements in working	capital:
(Increase)/decrease in	debtors							(2.051.598)	871,881
Increase in creditors								154,24D	131,545
Increase/(decrease) In	det'orred	income						300.000	(42,268)
Gash (abso*ed by)/generated		from operations						(983.114)	3,593,7D1

22	Analysis ofchanges	in net funds
			At 1 Andi seas	Cash flswsAt St Starch Irsa
			f	9	5
	Cash at bank and in hand		4,286,553	(1,137,324)	3,149,229
	Leans falling due within one year		(195,421)	195,421
			4,091,132	(941,903)	3,149,229