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