2023-03-31-accounts - Huggard

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							Page
Trustees' annual report (incorporating				the	director's	report)
Independent	auditor's	report to	the members
Statement	offinancial	activities	(including		income and
expenditure	account)						15
Statement	offinancial	position					16
Statement	ofcash flows						17
Notes to the financial		statements					18

Reference	and administrative	and administrative	and administrative	details
Registered	charity	name		Huggard
Charity registration		number		703074
Company	registration		number	2509188
Principal office and office		registered		Huggard Buildings Hansen Street off Tresillian Terrace
				Butetown
				Cardiff
				Wales
				CF105DW
The trustees
				Mr K Haines (Vice Chair)
				Mrs A R Matthewson Mr SThomas			(Chairman)
				Mrs D Robbins				—resigned 01 June 2022
				Mr D Shadbolt	(Treasurer)
				Mr D Williams
				Ms J C Hill
				Ms JP Lewis
				Mr WJ Hardie
Senior Management				Richard Edwards		—Chief Executive
				Darryn Thomas	—Head ofTrauma				Informed	Pathways
				Shelley Farr —resigned 6September 2023
				Helen Morris -	Head		ofSafer Communities			and Wellbeing
Auditor				Carston
				Chartered Accountants			8 statutory		auditor
				1st Floor, Tudor	House
				16Cathedral Road
				Cardiff
				CF119LJ
Bankers				HSBC
				97Bute Street
				Cardiff
				CF105NA
				Barclays
				2Windsor Road
				Penaith
				Vale ofGlamorgan
				CF64 1YL

		Year end	ed 31 March 2023	ed 31 March 2023
			2023			2022
		Unrestricted	Restricted	Endowment
		funds	funds	funds	Total funds	Total funds
	Note		8	6	8	8
Income and endowments
Donations and legacies Charitable activities Investment income	5 6 7	392,769 1,498,968 25,000	494,907 958,713	2,261	887,876 2,457,680 27,261	889,634 1,736,488 20,984
Total income		1,916,737	1,453,620	2,261	3,372,617	2,647,106
Expenditure
Expenditure on raising funds:
Costs of raising
donations and
legacies Expenditure on	8	9,030			9,030	9,030
charitable activities	9,10	1,985,500	1,515,983	2,260	3,503,743	2,685,235
Total expenditure		1,994,530	1,515,983	2,260	3,512,773	2,694,265
Net (losses)/gains on
investments	12	(83,340)		(12,095)	(95,434)	37,021
Net expenditure		(161,133)	(62,363)	(12,094)	(235,590)	(10,138)
Transfers between funds		30,571	(28,310)	(2,261)
Net movement in funds		(130,562)	(90,673)	(14,355)	(235,590)	(10,138)
Reconciliation offunds
Total funds brought forward		3,168,087	529,174	235,870	3,933,131	3,943,267
Total funds carried forward		3,037,525	438,501	221,515	3,897,541	3,933,128

			31 March	2023
					2023		2022
				Note	F.
Fixed assets
Tangible fixed assets				18		3,102,883	3,262,354
Investments				19		859,862	939,727
						3,962,745	4,202,081
Current assets
Debtors				20	87,977		139,431
Cash at bank and	in	hand			851,722		796,648
					939,699		936,079
Creditors: amounts		falling due within	one year	21	319,441		252,944
Net current assets						620,258	883,135
Total assets less	current liabilities					4,583,003	4,885,216
Creditors: amounts		falling due after	more than
one year				22		885,463	952,087
Net assets						3,697,540	3,933,128
Funds ofthe charity
Endowment funds						221,515	235,870
Restricted funds						438,501	529,172
Unrestricted funds						3,037,524	3,168,086
Total charity funds				24		3,697,540	3,933,128

Year e	nded 31 ig(arch 2	023
		2023 f	2022
Cash flows from operating activities
Net expenditure		(235,590)	(10,138)
Adjustments for:
Depreciation oftangible fixed assets Net (losses)/gains on investments Dividends, interest and rents from investments Other interest receivable and siinilar income Accrued expenses		201,830 95,434 (24,599) (2,662) 8.527	189,250 (37,021) (20,825) (159) 33,736
Changes in:
Trade and other debtors Trade and other creditors		51,454 (8,654)	(52,649) (558)
Cash generated from operations		85,740	101,636
Interest received		2,662	159
Net cash from operating activities		88,402	101,795
Cash flows from investing activities
Dividends, interest and rents from investments Purchase oftangible assets Proceeds from sale oftangible assets Purchases ofother investments Proceeds from sale ofother investments		24,599 (42,358) (44,930) 29,361	20,825 (47,406) 18,849 (72,703) 60,909
Net cash used in investing activities		(33,328)	(19,526)
Net Increase in cash and cash equivalents Cash and cash equivalents at beginning	ofyear	55,074 796,648	82,269 714,379
Cash and cash equivalents at end ofyear		851,722	796,648

		Unrestricted	Restncted	Total Funds
		Funds 6	Funds f	2023 f
Donations
Other Gifts and Donations		142,769		142,769
Grants
Cardiff County Council - various
Cardiff County Council - Section	180		105,809	105,809
Cardiff County Council - Housing	Support		191,026	191,026
Julian Hodge Foundation		50,000	16,800	66,800
Moondance Foundation		200,000	40,000	240,000
Substance Misuse Fund			42,624	42,624
The Waterloo Foundation			32,500	32,500
Grants - various			22,648	22,648
Dumballs Project			43,500	43,500
Cardiff County Council - Capital	grants
		392,769	494,907	887,676
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		8
Donations
Other Gifts and Donations		161,019		161,019
Grants
Cardiff County Council - various		39,985	38,850	78,836
Cardiff County Council - Section	180	25,252	80,556	105,808
Cardiff County Council - Housing	Support		191,026	191,026
Julian Hodge Foundation			38,628	38,628
Moondance Foundation			80,000	80,000
Substance Misuse Fund			78,842	78,842
The Waterloo Foundation			45,571	45,571
Grants - various			9,904	9,904
Dumballs Project
Cardiff County Council - Capital	grants		100,000	100,000
		226,256	663,377	889,634

			Unrestricted	Restricted	Total Funds
			Funds	Funds f	2023 f
Day Centre			90,976		90,976
Huggard Supported Cafe'		Hostel houses	1,010,870 351,935 45,187	674,856 283,857	1,685,726 635,791 45,187
			1,498,968	958,713	2,457,680
			Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2022 f
Day Centre			59,474		59,474
Huggard Supported Cafe'	Hostel houses		627,089 330,453 27,549	518,700 173,223	1,145,789 503,676 27,549
			1,044,565	691,923	1,736,488

Included in the Supported Houses incom Cardiff County Council Supporting People Investment income	e is the sum of f283,85 Grant.	7 (2022: F173	,223) from the
	Unrestricted	Endowment	Total Funds
	Funds	Funds 6	2023 f
Income from listed investments Bank interest receivable	22,338 2,662	2,261	24,599 2,662
	25,000	2,261	27,261
	Unrestricted	Endowment	TotalFunds
	Funds f	Funds	2022 f
Income from listed investments Bank interest receivable	18,581 159	2,244	20,825 159
	18,740	2,244	20,984

Costs	ofraising d	onations and	legacies
			Unrestricted	Total	Funds	Unrestricted	Total	Funds
			Funds f		2023 f	Funds f		2022 6
Costs	ofgenerating	income	9,030		9,030	9,030		9,030

Expendit	ure	on charitable	activities by fund type
			Unrestricted	Restricted	Endowment	Total Funds
			Funds	Funds	Funds	2023
						6
Day Centre			582,«6	241,231	2,260	825,607
Huggard Hostel Supported Houses			822,978 172,080	951,562 287,269		1,774,541 '459,'349
Bond Board			8,257	35,921		44,176
Cafe			96,620			96,620
Support	costs		303,449			303,450
			1,985,500	1,515,983	2,260	3,503,743
			Unrestricted	Restricted	Endowment	Total Funds
			Funds	Funds f	Funds 6	2022 6
Day Centre			459,544	374,522	2,244	836,310
Huggard	Hostel		393,061	759,927		1,152,988
Supported		Houses	140,368	199,328		339,696
Bond Board				38,764		38,765
Cafe			52,721			52,721
Support	costs		264,756			264,755
			1,310,450	1,372,541	2,244	2,685,235
Expenditure		on charitable	activities by activity type
			Activities
			undertaken	Support	Total funds	Total fund
			directly	costs	2023	2022
			6	6	6
Day Centre			825,607	119,489	945,096	943,074
Huggard	Hostel		1,774,541	112,909	1,887,450	1,226,812
Supported	Houses		459,349	55,923	515,272	406,383
Bond Board			44,176		44,176	38,765
Cafe			96,620		96,620	52,721
Governance		costs		15,129	15,129	17,480
			3,200,293	303,450	3,503,743	2,685,235

12.	Net (losses)/gains o	n	investmen	ts
							Unrestricted		Endowment		Total	Funds
								Funds E		Funds f		2023 8
	Gains/(losses) on listed		investments					(83,340)		(12,095)		(95,434)
							Unrestricted		Endowment		Total Funds
								Funds 8		Funds 6		2022 f
	Gains/(losses) on listed		investments					36,883		138		37,021
13.	Net expenditure
	Net expenditure is stated after charging/(crediting):
										2023		2022
										6		6
	Depreciation oftangible		ffxed assets							201,830	189,250
14.	Auditors remuneration
										2023 f		2022 F
	Fees payable for the	audit ofthe financial statements								9,000		8,400
15.	Staff costs and emoluments
	The total staff costs and		employee	benefits for		the reporting		period are		analysed as	follows:
										2023 6		2022 f
	Wages and salaries									1,671,690	1,259,584
	Social security costs									144,105	107,613
	Employer contdibutions		to pension	plans						98,586		85,820
										1,914,381	1,453,017
	The average head count of employees				during	the year	was	63(2022:		58).The average		number
	offull-time equivalent	employees		during	the year is analysed			as follows:
										2023		2022
										No.		No.
	Number ofstaff									58		57
	The number ofemployees whose			remuneration		for the	year	fell within	the following		bands,	were:
										2023		2022
										No.		No.
	660,000 to 669,999									1

Tangible fixed assets
	Land and	Motor
	buildings	vehicles	Equipment	Total
	6	6	6
Cost
At 1 April 2022	5,037,032	51,766	322,226	5,411,024
Additions	5,076		37,262	42,358
At 31 March 2023	5,042,106	51,766	359,506	5,453,382
Depreciation
At 1 April 2022	1,828,297	23,677	296,695	2,148,669
Charge for the year	185,916	7,022	8,892	201,830
At 31 March 2023	2,014,213	30,699	305,567	2,350,499
Carrying amount At 31 March 2023	3,027,895	21,067	53,921	3,102,883
At 31 March 2022	3,208,735	28,069	25,531	3,262,355

Investments Year ended	31 i(f(arch 2023
	Cash or cash	Listed
	equivalents 6	investments 6	Total f
Cost or valuation
At 1 April 2022	33,483	906,244	939,727
Additions	24,599	20,331	44,930
Disposals	(29,361)		(29,381)
Fair value movements		(95,434)	(95,434)
At 31 INarch 2023	28,721	831,141	859,862
Impairment
At 1 April 2022 and 31 March 2023
Carrying amount
At 31 INarch 2023	28,721	831,141	859,862
At 31 March 2022	33,483	906,244	939,727

		2023	2022
			6
Staff	loans	1,500	105
Other	debtors	86,477	139,326
		87,977	139,431

			2023 f	2022 F
Trade creditors			137,717	79,595
Accruals and deferred	income		80,393	71,866
Social security and other taxes			28,831	31,583
Other creditors - staff	funds		5,875	3,275
Hafod loan			66,625	66,625
			319,441	252,944
The Hafod loan of666,625 is secured		by a charge on the hostel.

Credit	ors:	amoun	ts falling due after more tha	n one year
				2023	2022
					F
Hafod	Loan	- long	term	885.463	952,087

Unrestricted fun	ds
												At
		At							Gains and		31	Mar 202
	1 Apr	2022 5	Income	Expenditure 6			Transfers			losses f		3 6
General funds	192,433		1,916,737	(1,994,530)			171,241		(83,340)			202,541
Designated
tangible fixed
asset reserve
fund	2,975,654						(140,671)				2,834,983
	3,168,087		1,916,737	(1,994,530)			30,570		(83,340)		3,037,524
												At
		At						Gains and			31	Mar 202
	1 Apr	2021 6	Income	Expenditure f			Transfers 6			losses 6		2 f
General funds	3,154,975		1,289,561	(1,319,480)			(2,969,507)		36,883			192,432
Designated
tangible fixed
asset reserve
fund							2,975,654				2,975,654
	3,154,975		1,289,561	(1,319,480)			6,147		36,883		3,168,086
During the year a transfer		was made from General			Funds		to Designated		Tangible		Fixed Asset
reserve fund which represents the movement				in the	book value ofthe tangible					fixed assets st the
balance sheet date and hence recognises the value					that	are	unavailable	to general funds.
Restricted funds
												At
		At						Gains and			31 Mar 202
	1 Apr 2022		Income	Expenditure			Transfers		losses			3
		6	6		6					6		6
Cardiff County
Council-
Supporting
People			958,713	(958,713)
Big Lottery Fund	286,700			(18,800)							267,900
Ex-Servicemen
Trust	26,347											26,347
Bond Board	55,809			(3,510)								52,299
Julian Hodge	22,674		16,800			—	(28,310)					11,164
Cardiff County
Council - Housing
Support			191,026	(191,026)

Company Limited by Guaran	Company Limited by Guaran	Company Limited by Guaran	Company Limited by Guaran	Company Limited by Guaran	tee
Notes to the Financial Statements					(continued)
	Year ended		31 March 2023
Analysis ofcharitable	funds	fcenunusrr)
Cardiff County
Council - S180		105,809	(105,809)
Substance
Misuse Fund		42,624	(42,624)
Cardiff County
Council - Capital
grants	48,812		(48,812)
Moondance
Foundation	40,000	40,000	(80,000)
The Waterloo
Foundation	11,393	32,500	(16,393)				27,500
National Lottery
Community Grant	24,105						24,105
Grants - various	13,333	22,648	(16,462)				19,519
Dumballs Project		43,500	(33,833)				9,667
	529,174	1,453,620	(1,515,983)		(28,310)		438,501
							At
	At					Gains and	31 Mar 202
1 Apr 2021		Income	Expenditure	Transfers		losses	2
							F
Cardiff County
Council-
Supporting
People		691,921	(691,921)
Big Lottery Fund	305,500		(18,'Soo)				286,700
Ex-Servicemen
Trust	26,347						26,347
Bond Board	60,876		(5,067)				55,809
Julian Hodge	12,038	38,628	(12,038)		(15,954)		22,674
Cardiff County
Council - Housing
Support		191,026	(191,026)
Cardiff County
Council - S180		119,407	(119,407)
Substance
Misuse Fund		78,843	(78,843)
Cardiff County
Council - Capital
grants		100,000	(51,188)				48,812
Moondance
Foundation	82,452	80,000	(122,451)				40,001
The Waterloo
Foundation	11,052	45,571	(45,230)				11,393
National Lottery
Community Grant	12,051				12,051		24,102
Grants - various	40,000	9,904	(36,571)				13,333
Dumballs Project
550,316		1,355,300	(1,372,541)		(3,903)		529,172

															At
						At							Gains and		31 Mar 202
			1	Apr	2022		Income		Expenditure		Transfers		losses		3
					2						E				8
	Huggard Fund	Trust		235,870			2,261		(2,260)		(2,261)		(12,095)		221,515
															At
						At							Gainsand		31Mar202
			1	Apr	2021		Income		Expendituref		Transfers F		losses 8		2 f
	Huggard	Trust
	Fund			237,976			2,244		(2,244)		(2,244)		138		235,870
25.	Analysis	ofnet assets between					funds
								Unrestricted		Restricted		Endowment		Total Funds
									Funds		Funds		Funds		2023
											8		6
	Tangible	fixed assets						2,834,983			267,900				3,102,883
	Investments								638,347				221,515		859,862
	Current	Assets							769,098		170,601				939,699
	Creditors less than		1	year					(319,441)						(319,441)
	Creditors greater than			1 year					(885,463)						(885,463)
	Net assets							3,037,524			438,501		221,515		3697540
								Unrestricted		Restricted		Endowment			Total Funds
									Funds f		Funds f		Funds		2022 6
	Tangible	fixed assets						2,975,654			286,700				3,262,354
	Investments								703,857				235,870		939,727
	Cunent Assets								693,607		242,472				936,079
	Creditors	less than	1	year					(252,944)						(252,944)
	Creditors	greater than		1 year					(952,087)						(952,087)
	Net assets							3,168,087			529,172		235,870		3,933,129
26.	Analysis	ofchanges		in net		debt
															At
									At	1	Apr 2022 f	Cash flows		31 Mar 2023 8
	Cash at	bank and	in hand								796,648		55,074		851,722

Operating	leas	e commit	ments
The total	future	minimum	lease payments	under non-cancellable	operating	leases are as follows:
						2023 8	2022 f
Not later than 1		year				90,582	122,974
Later than	1 year and not		later than 5years			100,718	167,976
Laterthan	5years					207,900	231,224
						399,200	522,174