Charity registration number 1094764
Company registration number 4491401 (England and Wales)
TOGS CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
TOGS CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S J Brooks
Mr J S Davenne
Mr R Green
Mrs N P Parrish
Ms K Evans
Ms J Gauden
Mr J E Killick
Ms O Williams
(Appointed 8 March 2023)
Secretary
Mr J E Killick
Charity number
1094764
Company number
4491401
Registered office
TOGS Family Centre
The Highway
New Inn
Pontypool
Gwent
United Kingdom
NP4 0PH
Independent examiner
UHY Hacker Young
Bradbury House
Mission Court
Newport
Gwent
United Kingdom
NP20 2DW
TOGS CENTRE
CONTENTS
Page
Trustees report
1 - 3
Independent examiner's report
4
Statement of financial activities
5 - 6
Balance sheet
7
Statement of cash flows
8
Notes to the accounts
9 - 22
TOGS CENTRE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Objectives and activities

A summary of the objects of the charity as set out in its governing document

The charity was established in 1992 by a group of parents and volunteers to support families of children with special needs. The objective is to relieve children with learning, physical or sensory disability and to advance the education and physical development of the children to have their rights respected and to achieve their full potential as integrated members of the community.

The charity's aims including the changes or differences it seeks to make

The TOGS Centre offers support to families with children with additional needs by providing a variety of services to help alleviate stress to parents/carers and offers a range of facilities and resources to help the physical, social and emotional development of the children. The services provided include:- youth and play groups from 4 to 17 years and parent and carer support groups, as well as weekend sessions in and around the community to enhance life skills and allow the children to become integrated members of their community. The centre also provides in-service training to Volunteers.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Public Benefit

The Constitutional aim of TOGS is to support children and young people in the Borough of Torfaen with learning, physical or sensory disabilities, and to support their parents, families and friends and to enable children and young people to have their rights respected and to achieve their full potential as integrated members of the community.

 

TOGS also provides opportunities for special needs children and young people to come into closer association with able-bodied people in the provision of recreational or other leisure time activities.

 

The trustees have paid due regard to guidance issued by the Charity Commission on public benefit.

Achievements and performance

The TOGS Centre has provided an excellent range of activities and support for children/young people with additional needs throughout the year; both centre based and online (dependent on restrictions. This has allowed the children and young people to learn new skills and interact positively with members of the community whilst enhancing their social and emotional well-being.

Financial review

Policies on reserves

It is the aim of the charity to maintain unrestricted funds which are the free funds of the charity, at a level which equates to approximately six months unrestricted expenditure, which is approximately £20,000. This will provide sufficient funds to cover management, administration and support costs. The charity will continue to aim for surpluses on unrestricted funds in order to achieve this balance.

 

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

 

Endowment funds

The Endowment funds relates to the remaining net book value of tangible fixed assets gifted to the charity when it was set up; the funds do not represent monies available for charitable activities.

TOGS CENTRE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

Transactions and Financial position

The financial statements are set out on pages 5 to 21. As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.

Fund analysis

The balance sheet on page 7 shows that the charity has total funds of £268,045, however only a small proportion of this is represented by funds available to be spent by the trustees at their discretion on the general activities of the charity. The table below provides a summary of the charities funds; this shows that all of the endowment funds and a significant proportion of the Restricted funds have been spent on fixed assets.

 

The balance of cash available to be spent at the charities discretion was £53,867; of this amount £30,00 has been designated for building repairs & maintenance. The charity aims to maintain a cash reserve of at least six months cash operating costs, which is approximately £20,000; this leaves £3,867 of discretionary cash.

 

 

Spent on fixed assets

Restricted cash

Discretionary cash

Designated

cash

Other assets/

liabilities

Total funds

Endowment fund

199,014

-

-

 

-

199,014

Restricted fund

399

9,204

-

 

-

9,603

Unrestricted fund

3,271

-

23,867

30,000

2,290

59,428

 

──────

──────

───────

───────

────────

──────

 

202,684

9,204

23,867

30,000

2,290

268,045

 

══════

══════

═══════

═══════

════════

══════

 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

Governing document

The charity is a controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs S N Baker
(Resigned 2 July 2022)
Mr S J Brooks
Mr J S Davenne
Mr R Green
Mr D K James
(Resigned 2 July 2022)
Mrs N P Parrish
Mr V E Clayton
(Resigned 1 July 2022)
Ms K Evans
Ms J Gauden
Mr J E Killick
Ms O Williams
(Appointed 8 March 2023)

Organisational structure

An organisational structure exists whereby the Executive Committee are in overall charge of the centre to adopt policies and procedures. The programme Manager oversees the running of the Centre and alongside parents, carers and friends. the fund raising. The Board of Trustees and officers are elected or appointed on an annual basis at the Annual General Meeting.

TOGS CENTRE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -

Induction and training of new trustees

New trustees are recruited through current trustees, the children and young people who use the centre (some are parents and carers), as well as community councils putting representatives forward. Most new trustees work or have worked with children and young people or are parents/carers of children with disabilities.

Upon appointment, new trustees are given information and instruction on the responsibilities of a trustee.

 

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Impact of Covid-19

The charity has had a drop in general donations due to COVID-19 as families have been struggling and cannot make regular donations. Although grants were initially more readily available, they have been less available this year; and have made it harder to gain funding for the additional support needed, from the increase in demand. Grant decision times have increased as funders have found it difficult to get boards together to allocate funding, therefore having a knock on effect for the charities finances. Volunteers that help our service run have declined initially by around 50%, this has picked up slightly but we are still at least 40% less than pre-COVID. 

The Trustees report was approved by the Board of Trustees.

Ms J Gauden
Trustee
Dated: 3 October 2023
TOGS CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TOGS CENTRE
- 4 -

I report to the trustees on my examination of the financial statements of TOGS Centre (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

UHY Hacker Young
Bradbury House
Mission Court
Newport
Gwent
NP20 2DW
United Kingdom
Dated: 3 October 2023
TOGS CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
Current financial year
Unrestricted
Restricted
Endowment
Total
Total
funds
funds
funds
2023
2023
2023
2023
2022
Notes
£
£
£
£
£
Income from:
Donations and legacies
3
56,604
9,590
-
66,194
84,511
Charitable activities

Support families of children with special needs

4
13,925
-
-
13,925
11,339
Investments
5
153
-
-
153
7
Total income
70,682
9,590
-
80,272
95,857
Expenditure on:
Raising funds
6
11,151
3,161
-
14,312
14,539
Charitable activities
7
60,694
27,637
-
88,331
55,935
Other
11
-
-
7,310
7,310
7,310
Total resources expended
71,845
30,798
7,310
109,953
77,784
Net movement in funds
(1,163)
(21,208)
(7,310)
(29,681)
18,073
Fund balances at 1 April 2022
60,591
30,811
206,324
297,726
279,653
Fund balances at 31 March 2023
59,428
9,603
199,014
268,045
297,726

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

TOGS CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
Prior financial year
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
2022
2022
2022
2022
Notes
£
£
£
£
Income from:
Donations and legacies
3
47,834
36,677
-
84,511
Charitable activities

Support families of children with special needs

4
11,339
-
-
11,339
Investments
5
7
-
-
7
Total income
59,180
36,677
-
95,857
Expenditure on:
Raising funds
6
14,339
200
-
14,539
Charitable activities
7
39,313
16,622
-
55,935
Other
11
-
-
7,310
7,310
Total resources expended
53,652
16,822
7,310
77,784
Net movement in funds
5,528
19,855
(7,310)
18,073
Fund balances at 1 April 2021
55,063
10,956
213,634
279,653
Fund balances at 31 March 2022
60,591
30,811
206,324
297,726

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

TOGS CENTRE
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 7 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
13
202,684
212,127
Current assets
Debtors
14
3,089
2,779
Cash at bank and in hand
63,071
83,642
66,160
86,421
Creditors: amounts falling due within one year
15
(799)
(822)
Net current assets
65,361
85,599
Total assets less current liabilities
268,045
297,726
Capital funds
Endowment funds - general
17
199,014
206,324
Income funds
Restricted funds
18
9,603
30,811
Unrestricted funds
Designated funds
19
30,000
30,000
General unrestricted funds
29,428
30,591
59,428
60,591
268,045
297,726

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 3 October 2023
Ms J Gauden
Trustee
Company Registration No. 4491401
TOGS CENTRE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
22
(20,724)
27,845
Investing activities
Purchase of tangible fixed assets
-
(3,304)
Investment income received
153
7
Net cash generated from/(used in) investing activities
153
(3,297)
Net cash used in financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(20,571)
24,548
Cash and cash equivalents at beginning of year
83,642
59,094
Cash and cash equivalents at end of year
63,071
83,642
TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 9 -
1
Accounting policies
Charity information

TOGS Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is TOGS Family Centre, The Highway, New Inn, Pontypool, Gwent, NP4 0PH, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 10 -
1.5
Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular heading they have been allocated to activities on a basis consistent with the use of resources.

1.6
Tangible fixed assets

Tangible fixed assets are measured at cost , net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Plant and equipment
25% on reducing balance and 2% straight line
1.7
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10

Endowment funds

These relate to tangible assets gifted to the charity when it was set up; the funds do not represent monies available for charitable activities.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 11 -
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 12 -
3
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
2,076
-
2,076
474
-
474

Grants

54,528
9,590
64,118
47,360
36,677
84,037
56,604
9,590
66,194
47,834
36,677
84,511
TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 13 -
4
Charitable activities

Support families of children with special needs

Support families of children with special needs

2023
2022
£
£
Other income
13,925
11,339
5
Investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
153
7
6
Raising funds
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fundraising and publicity

Postage and stationary

252
136
388
296
-
296

Repairs and renewals

5,962
2,925
8,887
4,523
200
4,723
Other fundraising costs
796
100
896
1,128
-
1,128
Staff costs
494
-
494
4,901
-
4,901
Fundraising and publicity
7,504
3,161
10,665
10,848
200
11,048
Trading costs
Other trading activities
3,647
-
3,647
3,491
-
3,491
11,151
3,161
14,312
14,339
200
14,539
TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 14 -
7
Charitable activities

Support families of children with special needs

Support families of children with special needs

2023
2022
£
£
Staff costs
66,628
41,510
Depreciation and impairment
2,133
2,259

Sundries

7,739
7,865

Transport and travel

5,430
475

Resource costs

5,668
3,153
87,598
55,262
Share of governance costs (see note 8)
733
673
88,331
55,935
Analysis by fund
Unrestricted funds
60,694
39,313
Restricted funds
27,637
16,622
88,331
55,935
For the year ended 31 March 2022
Unrestricted funds
39,313
Restricted funds
16,622
55,935
8
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£
Independent examination fees
-
720
720
-
660
660
Legal and professional
-
13
13
-
13
13
-
733
733
-
673
673
Analysed between
Charitable activities
-
733
733
-
673
673

Governance costs includes payments to the accountants of £720 (2022 - £660) for independent examination fees.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 15 -
9
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

 

Trustees' expenses

During the year, Trustees were reimbursed £nil (2022 - £nil) expenses.

10
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
8
8
Employment costs
2023
2022
£
£
Wages and salaries
65,869
45,813
Other pension costs
1,253
598
67,122
46,411

No employees received emoluments in excess of £60,000.

There were no employees whose annual remuneration was more than £60,000.
11
Other
Endowment funds
Endowment funds
2023
2022
£
£

Depreciation on freehold land & buildings

7,310
7,310
7,310
7,310
12
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 16 -
13
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 April 2022
365,522
76,634
442,156
At 31 March 2023
365,522
76,634
442,156
Depreciation and impairment
At 1 April 2022
159,198
70,831
230,029
Depreciation charged in the year
7,310
2,133
9,443
At 31 March 2023
166,508
72,964
239,472
Carrying amount
At 31 March 2023
199,014
3,670
202,684
At 31 March 2022
206,324
5,803
212,127
14
Debtors
2023
2022
Amounts falling due within one year:
£
£
Prepayments and accrued income
3,089
2,779
15
Creditors: amounts falling due within one year
2023
2022
£
£
Other taxation and social security
79
162
Accruals and deferred income
720
660
799
822
16
Retirement benefit schemes
Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,253 (2022- £598).

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 17 -
17
Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Balance at
1 April 2021
Resources expended
Balance at
1 April 2022
Resources expended
Balance at
31 March 2023
£
£
£
£
£
Expendable endowments
Fixed Assets
213,634
(7,310)
206,324
(7,310)
199,014
213,634
(7,310)
206,324
(7,310)
199,014

The Endowment funds relate to the remaining net book value of tangible fixed assets gifted to the charity when it was set up; the funds do not represent monies available for charitable activities.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 18 -
18
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 April 2021
Incoming resources
Resources expended
Balance at
1 April 2022
Incoming resources
Resources expended
Balance at
31 March 2023
£
£
£
£
£
£
£
Lloyds TSB
2,000
-
-
2,000
-
-
2,000
Gwent Regional Integration Fund
-
-
-
-
2,590
2,590
5,180
Pontypool Community Council
26
-
(26)
-
-
-
-
Monmouthshire Building Society
61
-
-
61
-
-
61
Lottery Funding Wales
-
8,182
(6,308)
1,874
-
1,874
3,748
Cwmbran Trust
-
3,000
-
3,000
-
2,925
5,925
Church in Wales
18
-
-
18
-
-
18
TCBC Partnership Inclusion Worker grant
-
20,627
-
20,627
-
18,933
39,560
Magic Little Grants
357
-
-
357
-
-
357
Gwent High Sheriff Community Fund
-
-
-
-
5,000
-
5,000
Comic Relief Community Fund
-
915
(915)
-
-
-
-
ICF Funding through TVA
2,400
3,953
(4,035)
2,318
-
1,998
4,316
COVID-19 Fund TVA
-
-
-
556
-
477
1,033
Laura Ashley Foundation
1,081
-
(1,081)
-
-
-
-
COVID-19 Resilience Fund
1,314
-
(759)
-
-
-
-
Tampon Tax Fund
3,698
-
(3,698)
-
-
-
-
TVA - Uniform and Training
-
-
-
-
2,000
2,000
4,000
10,956
36,677
(16,822)
30,811
9,590
30,797
9,603
TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
18
Restricted funds
(Continued)
- 19 -

Laura Ashley Foundation

Funds received to provide art and creative materials.

 

Lloyds TSB

Funds received for a residential trip.

 

Comic Relief Community Fund

Funds received for the wages of workers for 3 sessions a week at the TOGS Centre.

 

ICF Funding

Funds received for computer equipment and wages over a year.

 

Coivd-19 Resilience Fund

Funds received for computer equipment and support for families during the COVID-19 pandemic.

 

Tampon Tax fund

Funds received for wages, bus escort expenses, food and towels.

 

Cwmbran Trust

Funds received for repairs to the automatic door.

 

TCBC Partnership Inclusion Worker

Funds received for an additional full time staff member and the associated pension costs.

 

Lottery Funding Wales

Funds received for wages for sessions for 12 months.

 

TVA

Funds received for training sessions and uniforms.

 

Gwent integration Fund

Funds received to offer support to those awaiting assessment and to those who do not meet the criteria for diagnosis.

 

Gwent High Sheriff Community Fund

Funds received for wages, volunteer expenses and activities for 12 months.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 20 -
19
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Movement in funds
Balance at
1 April 2021
Resources expended
Transfers
Balance at
1 April 2022
Incoming resources
Balance at
31 March 2023
£
£
£
£
£
£
Building repairs & maintenance
14,516
(810)
16,294
30,000
-
30,000
14,516
(810)
16,294
30,000
-
30,000

The designated funds have been set aside to provide building repairs and maintenance to the TOGS Centre.

TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 21 -
20
Analysis of net assets between funds

Unrestricted

Restricted

Endowment

Total

Unrestricted

Restricted

Endowment

Total
2023
2023
2023
2023
2022
2022
2022
2022
£
£
£
£
£
£
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
3,271
399
199,014
202,684
4,502
1,301
206,324
212,127
Current assets/(liabilities)
56,157
9,204
-
65,361
56,089
29,510
-
85,599
59,428
9,603
199,014
268,045
60,591
30,811
206,324
297,726
TOGS CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 22 -
21
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023
2022
£
£
Aggregate compensation
21,861
19,949
22
Cash generated from operations
2023
2022
£
£
(Deficit)/surpus for the year
(29,681)
18,073
Adjustments for:
Investment income recognised in statement of financial activities
(153)
(7)
Depreciation and impairment of tangible fixed assets
9,443
9,569
Movements in working capital:
(Increase)/decrease in debtors
(310)
127
(Decrease)/increase in creditors
(23)
83
Cash (absorbed by)/generated from operations
(20,724)
27,845
23
Analysis of changes in net funds

The charity had no debt during the year.

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