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|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|
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|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||||
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||||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|
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||||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|
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|||||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|
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|||||||||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|
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|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|
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|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|
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||||||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||
##
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##
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|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|
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|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|
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|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|