REGISTERED COMPANY NUMBER:
|
REGISTERED CHARITY NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 MARCH 2020 |
|
FOR |
|
INTERLINK R C T |
REGISTERED COMPANY NUMBER:
|
REGISTERED CHARITY NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 MARCH 2020 |
|
FOR |
|
INTERLINK R C T |
INTERLINK R C T |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
|
|
Page |
|
Report of the Trustees | 1 | to | 7 |
|
Report of the Independent Auditors | 8 | to | 9 |
|
Statement of Financial Activities | 10 |
|
Balance Sheet | 11 |
|
Cash Flow Statement | 12 |
|
Notes to the Cash Flow Statement | 13 |
|
Notes to the Financial Statements | 14 | to | 27 |
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2020 |
|
The trustees present their report along with the financial statements for the year ended 31 March 2020. This |
report has been prepared in accordance with the Section 419(2) of the Companies Act 2006. The financial |
statements have been prepared in accordance with the accounting policies on page 15 and comply with the |
Charity's constitution and applicable law. |
|
|
STRUCTURE, GOVERNANCE AND MANAGEMENT |
|
CONSTITUTION AND OBJECTS |
The original constitution of Interlink was adopted on 23 January 1997 amended by special resolution on 26 |
March 1998 and further amended at a special General Meeting on 20 September 2001, and is a registered |
charity. The objects of the Charity are the promotion of any charitable purpose for the benefit of the |
community in the County Borough of Rhondda Cynon Taf and surrounding area as defined in the Local |
Government (Wales) Act 1994. Following a special resolution at the Annual General Meeting on the 1st |
December 2010, the charity adopted new memorandum and articles and became incorporated as a Company |
Limited by Guarantee on the 2nd March 2011. The new charity was registered with the Charity Commission |
on the 4th April 2011. |
|
Interlink believes improving wellbeing requires the active and meaningful involvement of individuals, |
communities and organisations working together. It requires building relationships based on trust, equality, |
respect and understanding. It means investing in and working with the community to build their capacity, |
making full use of the existing strengths - the people, the connections, the buildings, the local environment, |
available in all communities. The meaningful involvement of individuals, communities and organisations |
working together, using the existing economic, social, environmental and cultural assets available in all |
communities is the only long-term solution to reducing inequality, addressing poverty and improving wellbeing. |
|
|
TRUSTEES |
|
The trustees in office during the period and at the date of this report are set out on page 6. Trustees are |
elected for a term of three years at the Annual General Meeting by the membership and are required to sign a |
declaration of their eligibility to serve. Trustees have taken responsibility for monitoring the Charity's activities |
through the Executive Committee. |
|
Induction and Training Procedures |
|
All trustees are offered training in respect of trustee roles and responsibilities and are required to attend an |
induction session after the annual meeting that includes a skills audit. Trustees are offered a range of |
opportunities throughout the year to develop their knowledge and skills to effectively fulfil their role. |
|
RISK REVIEW |
|
The Trustees have conducted their own review of the major risks to which the charity is exposed and systems |
have been established to mitigate those risks. Internal risks are minimised by effective management of the |
Charity's activities and the implementation of budgetary and financial procedures, which are subject to at least |
annual review to ensure that they still meet the needs of the Charity. During the year, Interlink looked at the |
challenges it and its members face and made progress in implementing the Strategic Delivery Plan. Trustees |
decided to invest in increasing line-management capacity during the year in order to deliver the Plan. |
|
Interlink's main areas of work continue to focus on: |
- Community Advice and Support - providing information, advice, training and funding. |
- Volunteering - supporting volunteers and volunteer organisations. |
- Health, Social Care and Wellbeing - supporting people and working together on early intervention and |
prevention to improve health, social care and wellbeing. |
- Citizen, Community and Third Sector Voice - helping people, communities and third sector organisations to |
influence and take action on those things that matter to them. |
|
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
Interlink, as a County Voluntary Council is a member of Third Sector Support Wales who provide a universal |
service across Wales based on supporting the following four pillars: |
- Volunteering |
- Good Governance |
- Thriving and Sustainable Third Sector |
- Influencing and Strategic Engagement |
|
|
OUR VISION |
|
Volunteering, community involvement and action lead to connected and resilient communities, where people |
are treated fairly, have good health and have the resources they need. |
|
OUR MISSION |
|
- To listen to and support the development of communities to be better connected and more resilient; |
- To build on individual and community strengths through volunteering, community involvement and action; |
- To work with others to improve wellbeing, tackle poverty and reduce inequality. |
|
|
OUR VALUES AND PRINCIPLES |
|
- To work sustainably, taking into account the environmental, economic and social needs of local people and |
communities. |
- To support all members with special consideration for the needs of smaller groups. |
- To promote equal opportunities and social justice, aiming to reach those individuals and groups most in |
need. |
- To support voluntary action, aiming to promote and facilitate the involvement of service users, carers and |
citizens. |
- To be flexible and responsive to the changing needs members. |
- To support and develop partnership working at all levels to identify, address and deliver actions that meet |
the needs of local communities. |
- To work with others using asset based, community development and coproductive approaches |
- To enhance and not compete with the work of member organisations. |
|
PUBLIC BENEFIT |
|
The trustees confirm they have complied with their duty in section 17(5) of the Charities Act 2011 to have due |
regard for public benefit. The objects for which the Charity is established are to promote any charitable |
purpose for the benefit of the community in the County Borough of Rhondda Cynon Taf and surrounding area. |
The achievements of the Charity in meeting these objects between 31st March 2019 to 31st March 2020 have |
been summarised in this report. Interlink increased its membership from 531 to 556 in this period. |
|
|
ACHIEVEMENTS AND PERFORMANCE APRIL 2019 TO MARCH 2020 |
|
COMMUNITY SUPPORT |
|
The Community Advice Team were busy in the community dealing with over 1,000 enquiries from community |
and voluntary organisations. The variety of support provided by our Team is huge as new and existing |
members respond to community need, and require assistance in areas such as setting up new groups and |
legal structures, business and strategic planning, connecting and working with partners and funding. The |
Team are incredibly privileged to work alongside exceptional community and voluntary organisations |
providing vital activities, facilities and services throughout Rhondda Cynon Taf. |
|
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
It was a bumper year for fundraising with 148 successful applications, enabling Interlink RCT to help raise |
nearly £4,000,000 in grants for community and voluntary organisations. This means vital local groups, |
activities, facilities and services have been secured, such as young people's school counselling services |
provided in schools through Rhondda Cynon Taf by Eye to Eye. Key funders include Pen Y Cymoedd Wind |
Farm CIC, The Moondance Foundation, the Big Lottery, Comic Relief and the Welsh Government's |
Integrated Care Fund. |
|
The year saw over £500,000 in grants awarded directly by Interlink through grants schemes that we manage. |
This has resulted in incredible community projects, including children and young people and older people |
projects funded through the Integrated Care Fund, our own Interlink RCT Development Fund, Welsh |
Government's 'Gwirvol' grants to support young people to volunteer and our Sydney Albert Fund to support |
children, young people and families. |
|
We supported over 380 volunteers during the year, including supporting young people through the Gwirvol |
Youth Grants Young People's Volunteering scheme. Interlink were received an original grant of over £6,000 |
and successfully applied for an additional £30,000 grant that led encouraged over 170 young people to |
volunteer in projects in their local community. |
|
Interlink was also pleased to continue to be involved as grant recipient body for the Invest Local programme, |
employing a Community Development worker to support the Penywaun Invest Local Group to address the |
priorities identified by the local community. |
|
Interlink worked in partnership with Penycymoedd Windfarm Community Fund CIC |
to support community and voluntary groups apply to the Fund, working across the Fund area with Neath Port |
Talbot County Voluntary Service. |
|
Events and Networks |
|
We held a wide range of successful network events and networks including the Cwm Taf Morgannwg Social |
Value Forum, the Cwm Taf Mental Health Forum, the RCT Community Hwb Steering Group, supporting |
several neighbourhood networks and a green social prescribing event. Events worth highlighting include the |
regional event 'Coproduction, Collaboration and Commissioning' held in May 2019 with Cwm Taf Morgannwg |
Regional Partnership Board which brought a range of partners together to help transform health and social |
care. The event we were most proud of was our third sector conference and AGM 'Citizen Powered |
Communities' in November 2019, which focused on how Interlink can work with members and partners to |
ensure people and communities and fully involved in deciding and taking action on what matters in RCT. |
|
Developing Skills through Training |
|
The Interlink Training Programme continued to deliver a high number of high quality training opportunities |
over the year with 11 courses with 102 participants during 2019/2020, courses included Safeguarding, |
Essential Training for Trustees, Accounts for the Non Accountant, First Aid, Writing Better Bids and Impact |
Training. The percentage reporting improved understanding was 96%; confidence was 86% and knowledge |
was 98%. |
|
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
ACHIEVEMENT AND PERFORMANCE |
HEALTH AND WELLBEING |
Community and voluntary sector involvement in health and wellbeing increased considerably this year with |
many new services and projects delivered successfully, working closely with the Cwm Taf Morgannwg |
Regional Partnership Board (CTMRPB) on Transformation and supporting our members access funding |
through Integrated Care Fund (ICF). |
|
Community Coordination |
we were delighted be able to continue to support older people and prevent social isolation and loneliness by |
connecting people to groups, services and activities in their local area. Interlink worked with Voluntary Action |
Merthyr Tydfil to further develop Community Coordinator service this year to consist of four locality based |
Coordinators across Cwm Taf. |
|
Befriending Services |
Further development of befriending services across Rhondda Cynon Taf and Merthyr Tydfil offering one to |
one support at home was made possible with ICF funding of £150,000. |
|
Community Capacity Grant Scheme |
We were able to provide small and micro grants on behalf of the CTMRPB, with 20 projects covering older |
people, carers, children with complex needs and learning disability, made possible with £60,000 secured |
through the Integrated Care Fund, |
|
Grants for Older People |
A range of projects to support older people and tackle loneliness and isolation included four organisations |
delivering larger projects through a medium sized grant and over 26 projects receiving small grants as a |
result of receiving £100,000 from the Integrated Care Fund. |
|
Grants for Children and Young People |
£100,000 was secured from the Integrated Care Fund to support a range of ground breaking projects to |
address the emotional and mental wellbeing of children and young people, with 2 organisations receiving a |
medium sized grant and a further 6 receiving a smaller grant. |
|
Dementia Grant Scheme |
10 projects were helped to provide essential accessible services and activities to people living with dementia |
and their Carers through £45,000 from the Integrated Care Fund. A further £6,000 enabled Interlink and |
Voluntary Action Merthyr Tydfil (VAMT) to facilitate a Dementia Forum for community and voluntary |
organisations delivering services for people living with dementia and their carers. The Forum also secured a |
further £12,000 to produce a film to showcase the work of the sector and the impact it has for people living |
with Dementia. |
|
Carers' Network |
Interlink and VAMT facilitated a Carers' Network of community and voluntary third sector organisations |
providing services to Carers through a £6,000 ICF grant. |
|
Wellbeing Coordinators |
Interlink was able to employ seven Wellbeing Coordinators to improve people's wellbeing, supporting people |
with social, emotional and practical support, working with community and voluntary organisations across RCT |
through funding from the Transformation Fund. |
|
BeActive |
Interlink has worked closely with a range of local partners to deliver a national action research programme |
under the Welsh governments Healthy and Active Programme. This 3 year programme provides a wide |
range of outdoor activities to improve people's emotional, social and physical wellbeing. |
|
World Mental Health Day |
Tto celebrate WMHD2019 we worked with partners to support a number of themed mental health and suicide |
prevention activities and workshops across the Cwm Taf Morgannwg region with the help of a small grant of |
£2,000 from the University Health Board. |
|
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
Toward the very end of the year Interlink had to reconfigure all of its services to respond to the needs of local |
communities as a result of Covid 19. |
|
FINANCIAL REVIEW |
Principal Funding Sources |
Principal funding sources include Welsh Government, Cwm Taf Morgannwg University Health Board, the |
Cwm Taf Morgannwg Social Services and Wellbeing Partnership Board, Rhondda Cynon Taf County |
Borough Council and Pen y Cymoedd Wind Farm Community Fund CIC. |
|
Results |
Total incoming resources exceeded resources expended by £159,677. After transfers, the unrestricted funds |
reported a surplus of £68,231.The performance of the charity has exceeded expectations in such a difficult |
and uncertain economic climate. The level of available reserves, ie. the total unrestricted reserves less |
amounts invested in fixed assets and designated reserves amounted to £705,147. |
|
Reserves Policy |
The trustees have examined the charity's requirements for reserves in light of the main risks of the |
organisation using a risk assessment process and taken action to reduce the major risks faced by the charity. |
The trustees have built up reserves equivalent to over six months operational costs, to cover, amongst other |
considerations, potential redundancy costs. It was decided in the previous year to use some of the reserve to |
move to new more affordable office premises in Pontypridd. The reserves policy is reviewed annually by the |
Executive Committee and the Financial and Resources Sub Group in line with Interlink's business and |
financial planning process. The Executive Committee has forecasted that because of the significant |
challenges faced by Interlink and its members, those reserves will be used in 2020-21 to continue to provide a |
high level of support to member organisations |
|
FUTURE PLANS |
Strategic Plans |
Interlink made the strategic decision in to further invest in place based working to build community capacity |
and resilience. However, Interlink made the decision in March to focus all of our resources on supporting |
Covid 19. The investment in IT and remote working during 2018/2019 meant Interlink were well placed to |
reconfigure all of its support and services to address the needs of the community and work with partners, with |
staff working remotely. Interlink will be central in working and support our members, including the many new |
Covid 19 support groups, local churches and others to support people and communities in RCT respond to |
Covid 19 in the year ahead. |
|
We will support strategic planning and related actions that lead to communities benefitting from policies |
designed to reduce inequality, alleviate poverty and support improved wellbeing. We will continue to use the |
5 ways of working - thinking long-term and on early intervention and prevention, supporting integration, |
collaboration with a strong focus on involving people and communities - as our framework for our work and |
working with others. We will continue to invest in and develop our local work under the national framework of |
Third Sector Support Wales under the 4 pillars of Volunteering, Good Governance, Thriving and Sustainable |
Third Sector and Influencing and Strategic Engagement. |
|
Interlink will continue to focus on building community resilience, working with local community and voluntary |
groups to improve health and wellbeing by addressing what matters to local people and communities. |
|
We will continue to be proactive in working regionally with Voluntary Action Merthyr Tydfil and Bridgend |
Association of Voluntary Organisation, working with Cwm Taf Morgannwg Social Services and Wellbeing |
Partnership Board to develop and deliver improved health and wellbeing services with local communities. |
|
|
Our Strategic Objectives for 2020-2023 |
1. To promote Community Resilience |
2. To support Covid 19 recovery |
3. Securing Investment in wellbeing |
4. To be an effective and well-governed charity |
5. To promote the impact of the community and voluntary sector |
|
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited |
by guarantee, as defined by the Companies Act 2006. |
|
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
|
|
Registered Charity number |
|
|
Registered office |
|
|
|
|
|
|
Trustees |
Pauline Richards | Valleys Kids | Chair |
Janet Whiteman | New Horizons | Vice Chair |
Richard Flowerdew | RCT Scouts | Treasurer |
Stephen Davis | Spectacle Theatre |
Louisa Addiscott | Ynysybwl Regeneration Project |
Kari Lea Jones | Unity Theatre | Until July 2019 |
Richard Walters |
Gilfach Goch Community
Association |
|
Lisa Wills | Arts Factory |
Sharon Phillips | Co-opted |
Elizabeth Williams | Canolfan Pentre | Until September 2019 |
Hayley Teague | Co-opted | Until July 2019 |
Simon James | Chief Executive Officer |
Kevin White | Co-opted | From December 2019 |
|
|
Auditors |
|
Chartered Accountants |
And Statutory Auditors |
Langdon House |
Langdon Road |
SA1 Swansea Waterfront |
Swansea |
SA1 8QY |
|
Solicitors |
Spicketts |
Gelliwasted House |
3 - 4 Gelliwasted Road |
Pontypridd |
Rhondda Cynon Taf |
CF37 2AU |
|
Bankers |
HSBC Bank Plc |
10 Portland Street |
SWANSEA |
SA1 3DF |
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Interlink R C T for the purposes of company law) are responsible |
for preparing the Report of the Trustees and the financial statements in accordance with applicable law and |
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
|
Company law requires the trustees to prepare financial statements for each financial year which give a true |
and fair view of the state of affairs of the charitable company and of the incoming resources and application of |
resources, including the income and expenditure, of the charitable company for that period. In preparing those |
financial statements, the trustees are required to |
|
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business. |
|
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy |
at any time the financial position of the charitable company and to enable them to ensure that the financial |
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of |
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and |
other irregularities. |
|
In so far as the trustees are aware: |
|
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- |
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information. |
|
Company and charitable law require the Executive Board to prepare financial statements for each financial |
year which give a true and fair view of the state of the affairs of the charitable company as at the balance |
sheet date and of its incoming resources and application of resources, including income and expenditure, for |
the financial year. In preparing those financial statements, the management committee should follow best |
practice and: |
- select suitable accounting policies and then apply them consistently; |
- make judgements and estimates that are reasonable and prudent; and |
- Prepare financial statements on the going concern basis unless it is inappropriate to assume that the |
charitable company will continue on that basis. |
|
The Executive Board is responsible for maintaining proper accounting records, which disclose with |
reasonable accuracy at any time the financial position of the charity and to enable them to ascertain to ensure |
that the financial statements comply with the Companies Act 2006. The Management Committee is also |
responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for |
the prevention and detection of fraud and other irregularities. |
|
Approved by order of the board of trustees on
|
|
|
|
|
|
|
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
INTERLINK R C T |
|
Opinion |
We have audited the financial statements of Interlink R C T (the 'charitable company') for the year ended |
31 March 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow |
Statement and notes to the financial statements, including a summary of significant accounting policies. The |
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom |
Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
|
In our opinion the financial statements: |
- |
give a true and fair view of the state of the charitable company's affairs as at 31 March 2020 and of its
incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- |
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
|
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and |
applicable law. Our responsibilities under those standards are further described in the Auditors' |
responsibilities for the audit of the financial statements section of our report. We are independent of the |
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial |
statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical |
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained |
is sufficient and appropriate to provide a basis for our opinion. |
|
Conclusions relating to going concern |
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to |
report to you where: |
- |
the trustees' use of the going concern basis of accounting in the preparation of the financial statements is
not appropriate; or |
- |
the trustees have not disclosed in the financial statements any identified material uncertainties that may
cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. |
|
Other information |
The trustees are responsible for the other information. The other information comprises the information |
included in the Annual Report, other than the financial statements and our Report of the Independent Auditors |
thereon. |
|
Our opinion on the financial statements does not cover the other information and, except to the extent |
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
|
In connection with our audit of the financial statements, our responsibility is to read the other information and, |
in doing so, consider whether the other information is materially inconsistent with the financial statements or |
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such |
material inconsistencies or apparent material misstatements, we are required to determine whether there is a |
material misstatement in the financial statements or a material misstatement of the other information. If, |
based on the work we have performed, we conclude that there is a material misstatement of this other |
information, we are required to report that fact. We have nothing to report in this regard. |
|
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- |
the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
INTERLINK R C T |
|
|
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the charitable company and its environment obtained in the |
course of the audit, we have not identified material misstatements in the Report of the Trustees. |
|
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to |
report to you if, in our opinion: |
- |
adequate accounting records have not been kept or returns adequate for our audit have not been received
from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- |
the trustees were not entitled to take advantage of the small companies exemption from the requirement to
prepare a Strategic Report or in preparing the Report of the Trustees. |
|
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors |
of the charitable company for the purposes of company law) are responsible for the preparation of the |
financial statements and for being satisfied that they give a true and fair view, and for such internal control as |
the trustees determine is necessary to enable the preparation of financial statements that are free from |
material misstatement, whether due to fraud or error. |
|
In preparing the financial statements, the trustees are responsible for assessing the charitable company's |
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using |
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or |
to cease operations, or have no realistic alternative but to do so. |
|
Our responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free |
from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors |
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an |
audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. |
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, |
they could reasonably be expected to influence the economic decisions of users taken on the basis of these |
financial statements. |
|
A further description of our responsibilities for the audit of the financial statements is located on the Financial |
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our |
Report of the Independent Auditors. |
|
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of |
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the |
charitable company's members those matters we are required to state to them in an auditors' report and for |
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone |
other than the charitable company and the charitable company's members as a body, for our audit work, for |
this report, or for the opinions we have formed. |
|
|
|
|
|
for and on behalf of
|
Chartered Accountants |
And Statutory Auditors |
|
Langdon Road |
SA1 Swansea Waterfront |
Swansea |
SA1 8QY |
|
|
INTERLINK R C T |
|
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
2020 | 2019 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities | 4 |
|
|
|
|
|
|
Other trading activities | 2 |
|
|
|
|
Investment income | 3 |
|
|
|
|
Other income |
|
|
|
|
Total |
|
|
|
|
|
|
EXPENDITURE ON |
Raising funds | 5 |
|
|
|
|
|
Charitable activities | 6 |
|
|
|
|
|
|
Total |
|
|
|
|
|
Net gains on investments |
|
|
|
|
NET INCOME/(EXPENDITURE) | ( |
) |
|
|
( |
) |
|
Transfers between funds | 17 | 155,244 | (155,244 | ) | - | - |
Net movement in funds |
|
|
|
( |
) |
|
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
|
|
|
|
|
TOTAL FUNDS CARRIED FORWARD |
|
|
|
646,997 |
INTERLINK R C T (REGISTERED NUMBER: 07549533) |
|
BALANCE SHEET |
31 MARCH 2020 |
|
2020 | 2019 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
|
|
|
5,321 |
Investments | 13 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
Debtors | 14 |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
|
|
|
CREDITORS |
Amounts falling due within one year | 15 | ( |
) |
|
( |
) | ( |
) |
|
NET CURRENT ASSETS |
|
|
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
|
|
NET ASSETS |
|
|
|
|
FUNDS | 17 |
Unrestricted funds | 706,210 | 637,980 |
Restricted funds |
|
9,017 |
TOTAL FUNDS |
|
646,997 |
|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
|
|
The financial statements were approved by the Board of Trustees and authorised for issue on
|
|
|
|
|
|
|
|
|
|
|
|
|
INTERLINK R C T |
|
CASH FLOW STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
2020 | 2019 |
Notes | £ | £ |
|
Cash flows from operating activities |
Cash generated from operations | 1 | 135,258 | (44,003 | ) |
Net cash provided by/(used in) operating activities | 135,258 | (44,003 | ) |
|
Cash flows from investing activities |
Purchase of fixed asset investments | (32,875 | ) | (96,274 | ) |
Sale of tangible fixed assets | 2,617 | - |
Sale of fixed asset investments | 305,387 | 92,916 |
Interest received | 750 | 1,463 |
Dividends received | 3,193 | 4,330 |
Net cash provided by investing activities | 279,072 | 2,435 |
|
Change in cash and cash equivalents
in the reporting period |
414,330 |
(41,568 |
) |
Cash and cash equivalents at the
beginning of the reporting period |
259,958 |
301,526 |
Cash and cash equivalents at the end
of the reporting period |
674,288 |
259,958 |
INTERLINK R C T |
|
NOTES TO THE CASH FLOW STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
1. |
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES |
2020 | 2019 |
£ | £ |
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) |
159,677 |
(56 |
) |
Adjustments for: |
Depreciation charges | 1,640 | 6,134 |
Gain on investments | (13,776 | ) | (5,405 | ) |
Interest received | (750 | ) | (1,463 | ) |
Dividends received | (3,193 | ) | (4,330 | ) |
Increase in debtors | (12,668 | ) | (31,166 | ) |
Increase/(decrease) in creditors | 4,328 | (7,717 | ) |
Net cash provided by/(used in) operations | 135,258 | (44,003 | ) |
|
|
2. | ANALYSIS OF CHANGES IN NET FUNDS |
|
At 1.4.19 | Cash flow | At 31.3.20 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 259,958 | 414,330 | 674,288 |
259,958 | 414,330 | 674,288 |
Total | 259,958 | 414,330 | 674,288 |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, |
have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard |
applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements |
have been prepared under the historical cost convention, with the exception of investments which are |
included at market value, as modified by the revaluation of certain assets. |
|
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the |
funds, it is probable that the income will be received and the amount can be measured reliably. |
|
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation |
committing the charity to that expenditure, 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 |
accounted for on an accruals basis and has been classified under headings that aggregate all cost |
related to the category. Where costs cannot be directly attributed to particular headings they have been |
allocated to activities on a basis consistent with the use of resources. |
|
Allocation and apportionment of costs |
Costs are allocated against grants they relate to. Where restricted funds have outstanding amounts |
which relate to core expenditure, these are transferred to core. |
|
Tangible fixed assets |
Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions costing |
below £1,000 are not capitalied. |
|
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful |
life as follows: |
|
|
Leasehold property | Straight line over length of lease |
Fixtures, fittings and equipment | 25% Straight line |
|
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
|
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the |
trustees. |
|
Restricted funds can only be used for particular restricted purposes within the objects of the charity. |
Restrictions arise when specified by the donor or when funds are raised for particular restricted |
purposes. |
|
Further explanation of the nature and purpose of each fund is included in the notes to the financial |
statements. |
|
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the |
charitable company's pension scheme are charged to the Statement of Financial Activities in the |
period to which they relate. |
|
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
1. | ACCOUNTING POLICIES - continued |
|
Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. |
Prepayments are valued at the amount prepaid net of any trade discounts due. |
|
Cash at bank and in hand |
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short |
maturity of three months or less from the date of acquisition or opening of the deposit or similar |
account. |
|
Creditors and provisions |
Creditors and provisions are recognised where the charity has a present obligation resulting from a |
past event that will probably result in the transfer of funds to a third party and the amount due to settle |
the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised |
at their settlement amount after allowing for any trade discounts due. |
|
Donated services |
In accordance with the charities SORP (FRS 102), the general volunteer time provided to the |
charitable company is not recognised and refer to the trustees' report for more information about their |
contribution. |
|
Costs of raising funds |
The costs of raising funds consist of investment management costs and certain legal fees. |
|
Expenditure on charitable activities |
Expenditure on charitable activities include grants made, governance and support costs. |
|
Realised gains and losses |
All gains and losses are taken to the statement of financial activities as they arise. Realised gains and |
losses on investment are calculated as the difference between sales proceeds and their opening |
carrying value or their purchase value if acquired subsequent to the first day of the financial year. |
Unrealised gains and losses are calculated as the difference between the fair value at the year end |
and the carrying value. Realised and unrealised investment gains and losses are combined in the |
statement of financial activities. |
|
Leasing |
Rentals applicable to operating leases are charged to the statement of financial activities over the |
period in which the cost is incurred. |
|
Allocation of support costs |
Support costs are those functions that assist the work of the charity but do not directly undertake |
charitable activities. Support costs include back office costs, finance, personnel, payroll and |
governance costs which support the activities of the charity. These costs have been allocated between |
cost of raising funds and expenditure on charitable activates. |
|
Pension |
The charity operates a defined contribution pension scheme for employees. The asset of the scheme |
are held separately from those of the charity. The annual contributions payable are charged to the |
statements of financial activities. |
|
Average Number of Employees |
The Average Number of Employees for the year was
|
|
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
2. | OTHER TRADING ACTIVITIES |
2020 | 2019 |
£ | £ |
Printing and room hire | 1,250 | 8,380 |
Consultancy and training | 7,154 | 9,049 |
|
|
|
3. | INVESTMENT INCOME |
2020 | 2019 |
£ | £ |
Other fixed asset invest - FII | 3,193 | 4,330 |
Deposit account interest |
|
|
Interest on cash deposits | 184 | 1,057 |
|
|
|
4. | INCOME FROM CHARITABLE ACTIVITIES |
2020 | 2019 |
Activity | £ | £ |
Grants | Grants and contracts | 1,367,851 | 960,895 |
|
Grants received, included in the above, are as follows: |
2020 | 2019 |
£ | £ |
WCVA- Core grant | 178,617 | 172,635 |
WCVA- Volunteer Centre | - | 5,124 |
WCVA- Gwirvol Youth Development | - | 9,124 |
WCVA- Gwirvol Youth Led Fund | 36,650 | 4,000 |
Welsh Government- Intermediate Care Fund | - | 145,850 |
RCT County Borough Council | 68,144 | 67,100 |
RCT Fframwaith Support Costs | - | 3,989 |
UHB Core | 20,320 | 20,320 |
UHB building Strong Bridges | - | 36,113 |
UHB Mental Health User Involvement Fund | - | 7,000 |
UHB & LA Mental Health User - Involvement Project | - | 42,749 |
UHB Mental Health Scheme | - | 41,833 |
Grants Administered for other Organisations | 17,887 | 6,004 |
GP Cluster Coordinator | - | 56,660 |
Active Inclusion | 12,330 | 26,964 |
Measuring the Mountains | - | 88,548 |
Open Gov. Network | - | 3,745 |
Building Communities Trust Penywaun | 69,092 | 2,275 |
BL Create your space | 71,577 | 162,003 |
WAG Grant | - | 22,570 |
NPC Pen Y Cymoedd | - | 36,289 |
Graig and Penycoedcae Community Fund | 20,000 | - |
Sports Wales HAF Project | 146,895 | - |
Neath Port Talbot Council for Voluntary services | 38,691 | - |
Voluntary Action Merthyr Tydfil | 7,000 | - |
Health and Wellbeing | 478,448 | - |
ICF Older People | 100,000 | - |
ICF Children and Families | 102,200 | - |
1,367,851 | 960,895 |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
5. | RAISING FUNDS |
|
Investment management costs |
2020 | 2019 |
£ | £ |
Portfolio management | 2,721 | 2,030 |
|
6. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 7) | Totals |
£ | £ | £ |
Charitable activities | 1,225,979 | 10,667 | 1,236,646 |
|
7. | SUPPORT COSTS |
Support |
Management | costs | Totals |
£ | £ | £ |
Charitable activities | 4,002 | 6,665 | 10,667 |
|
8. | NET INCOME/(EXPENDITURE) |
|
Net income/(expenditure) is stated after charging/(crediting): |
|
2020 | 2019 |
£ | £ |
Auditors' remuneration | 6,665 | 7,790 |
Depreciation - owned assets |
|
|
|
9. | TRUSTEES' REMUNERATION AND BENEFITS |
|
There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the |
year ended 31 March 2019. |
|
|
Trustees' expenses |
|
There were no trustees' expenses paid for the year ended 31 March 2020 nor for the year ended |
31 March 2019. |
|
|
10. | STAFF COSTS |
|
2019 | 2018 |
Gross wages and salaries | £513,717 | £465,140 |
Social security costs | £47,349 | £45,491 |
Pension costs | £38,606 | £41,063 |
£599,672 | £551,694 |
|
The average monthly number of employees during the year was as follows: |
|
2020 | 2019 |
Employee | 22 | 20 |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
10. | STAFF COSTS - continued |
|
|
|
Management team of the charity are made up of the Chief Executive Officer, Deputy Chief Executive |
Officer, Business and Finance Manager and Funding and Development Manager totalling £136,335. |
|
There were no volunteers during the year. |
|
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
|
|
|
|
|
Other trading activities |
|
|
|
Investment income |
|
|
|
Other income |
|
|
|
Total |
|
|
|
|
|
EXPENDITURE ON |
Raising funds |
|
|
|
|
Charitable activities |
|
|
|
|
|
Total |
|
|
|
|
Net gains on investments |
|
|
|
NET INCOME/(EXPENDITURE) | ( |
) |
|
( |
) |
|
Transfers between funds | 105,943 | (105,943 | ) | - |
Net movement in funds | ( |
) |
|
( |
) |
|
RECONCILIATION OF FUNDS |
|
Total funds brought forward | 639,646 | 7,407 |
|
|
TOTAL FUNDS CARRIED FORWARD | 637,980 | 9,017 | 646,997 |
|
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
12. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | and |
leasehold | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
|
|
|
Disposals | ( |
) |
|
( |
) |
At 31 March 2020 |
|
|
|
DEPRECIATION |
At 1 April 2019 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) |
|
( |
) |
At 31 March 2020 |
|
|
|
NET BOOK VALUE |
At 31 March 2020 |
|
|
|
At 31 March 2019 |
|
|
|
|
13. | FIXED ASSET INVESTMENTS |
|
There were no investment assets outside the UK. |
|
Investments are a form of basic financial instrument and are initially recognised at their transaction |
value and subsequently measured at their fair value as at the balance sheet date using the closing |
quoted market price. The statement of financial activities includes the net gains and losses arising on |
revaluation and disposals throughout the year. |
|
The main form of financial risk faced by the charity is that of volatility in equity markets and investment |
markets due to wider economic conditions, the attitude of investors to investment risk, and changes in |
sentiment concerning equities and within particular sectors or sub-sectors. |
|
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Prepayments and accrued income |
|
|
|
|
|
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
|
|
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
16. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
|
2020 | 2019 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
17. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.19 | in funds | funds | 31.3.20 |
£ | £ | £ | £ |
Unrestricted funds |
Core | 637,979 | (87,013 | ) | 155,244 | 706,210 |
|
Restricted funds |
Gwirvol Youth Led Fund | - | 227 | (227 | ) | - |
UHB- MH User Involvement project | 4,307 | 1,613 | (500 | ) | 5,420 |
UHB - Building Strong Bridges | - | 16,715 | (16,715 | ) | - |
UHB - MH User Involvement fund | - | 12,411 | (12,411 | ) | - |
Grants Administered for other
organisations |
2,237 |
(243 |
) |
- |
1,994 |
Building Communities Trust Penywaun | 1,915 | 58,746 | (431 | ) | 60,230 |
BL Create your space | 558 | 1,562 | (2,120 | ) | - |
Cynon GP Cluster | - | 8,159 | (8,159 | ) | - |
Rhondda GP Cluster Worker | - | 15,226 | (5,735 | ) | 9,491 |
Taff GP Cluster Worker | - | 8,260 | (8,260 | ) | - |
WCVA- Active Inclusion | - | (860 | ) | 860 | - |
Penycymoedd | - | 5,587 | (5,587 | ) | - |
Local Mental Health Grant | - | 6,810 | (6,810 | ) | - |
Graig and Penycoedcae Community
Fund |
- |
18,110 |
- |
18,110 |
ICF Children and Families grant | - | 3,107 | (3,107 | ) | - |
ICF Older People Grant | - | 22 | (22 | ) | - |
ICF Placed Based Coordinator | - | 10,548 | (10,548 | ) | - |
ICF Social Value Forum | - | 2,955 | (2,955 | ) | - |
Sports Wales HAF Project | - | 12,718 | (7,500 | ) | 5,218 |
UHB ICF | - | 50,312 | (50,312 | ) | - |
Wellbeing Coordinators | - | 14,705 | (14,705 | ) | - |
|
246,690 | ( |
) |
|
TOTAL FUNDS |
|
159,677 |
|
806,673 |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
17. | MOVEMENT IN FUNDS - continued |
|
Net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
Core | 281,498 | (382,287 | ) | 13,776 | (87,013 | ) |
|
Restricted funds |
Gwirvol Youth Led Fund | 36,650 | (36,423 | ) | - | 227 |
UHB- MH User Involvement project | 7,000 | (5,387 | ) | - | 1,613 |
UHB - Building Strong Bridges | 36,113 | (19,398 | ) | - | 16,715 |
UHB - MH User Involvement fund | 42,749 | (30,338 | ) | - | 12,411 |
Grants Administered for other
organisations |
17,887 |
(18,130 |
) |
- |
(243 |
) |
Building Communities Trust Penywaun | 69,092 | (10,346 | ) | - | 58,746 |
BL Create your space | 71,577 | (70,015 | ) | - | 1,562 |
Cynon GP Cluster | 39,996 | (31,837 | ) | - | 8,159 |
Rhondda GP Cluster Worker | 41,662 | (26,436 | ) | - | 15,226 |
Taff GP Cluster Worker | 39,996 | (31,736 | ) | - | 8,260 |
WCVA- Active Inclusion | 12,330 | (13,190 | ) | - | (860 | ) |
Penycymoedd | 38,691 | (33,104 | ) | - | 5,587 |
Local Mental Health Grant | 41,833 | (35,023 | ) | - | 6,810 |
Graig and Penycoedcae Community
Fund |
20,000 |
(1,890 |
) |
- |
18,110 |
ICF Children and Families grant | 102,200 | (99,093 | ) | - | 3,107 |
ICF Older People Grant | 100,000 | (99,978 | ) | - | 22 |
ICF Placed Based Coordinator | 39,141 | (28,593 | ) | - | 10,548 |
ICF Social Value Forum | 10,000 | (7,045 | ) | - | 2,955 |
Sports Wales HAF Project | 146,895 | (134,177 | ) | - | 12,718 |
UHB ICF | 145,850 | (95,538 | ) | - | 50,312 |
Wellbeing Coordinators | 44,108 | (29,403 | ) | - | 14,705 |
|
( |
) |
|
246,690 |
TOTAL FUNDS |
|
( |
) |
|
159,677 |
|
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
17. | MOVEMENT IN FUNDS - continued |
|
Comparatives for movement in funds |
|
Net | Transfers |
movement | between | At |
At 1.4.18 | in funds | funds | 31.3.19 |
£ | £ | £ | £ |
Unrestricted funds |
Core | 639,646 | (107,609 | ) | 105,943 | 637,980 |
|
Restricted funds |
Intermediate Care Fund | - | 25,346 | (25,346 | ) | - |
UHB- MH User Involvement project | - | 2,249 | 2,058 | 4,307 |
UHB - Building Strong Bridges | - | 17,361 | (17,361 | ) | - |
UHB - MH User Involvement fund | 2,558 | 19,881 | (22,439 | ) | - |
Welcome to our woods | 4,095 | - | (4,095 | ) | - |
Grants Administered for other
organisations |
- |
755 |
1,482 |
2,237 |
Active Inclusion | (4,255 | ) | 4,255 | - | - |
Measuring the Mountain | 5,009 | (3,497 | ) | (1,512 | ) | - |
Building Communities Trust Penywaun | - | 1,915 | - | 1,915 |
BL Create your space | - | 4,898 | (4,340 | ) | 558 |
Future Generation (WAG) | - | 1,155 | (1,155 | ) | - |
Cynon GP Cluster | - | 2,023 | (2,023 | ) | - |
Rhondda GP Cluster Worker | - | 6,831 | (6,831 | ) | - |
Taff GP Cluster Worker | - | 1,712 | (1,712 | ) | - |
Penycymoedd | - | 8,894 | (8,894 | ) | - |
Local Mental Health Grant | - | 10,726 | (10,726 | ) | - |
Open Gov Network | - | 3,049 | (3,049 | ) | - |
7,407 | 107,553 | (105,943 | ) | 9,017 |
TOTAL FUNDS | 647,053 | (56 | ) | - | 646,997 |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
17. | MOVEMENT IN FUNDS - continued |
|
Comparative net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
Core | 316,712 | (429,726 | ) | 5,405 | (107,609 | ) |
|
Restricted funds |
Intermediate Care Fund | 145,850 | (120,504 | ) | - | 25,346 |
UHB- MH User Involvement project | 7,000 | (4,751 | ) | - | 2,249 |
UHB - Building Strong Bridges | 36,113 | (18,752 | ) | - | 17,361 |
UHB - MH User Involvement fund | 42,749 | (22,868 | ) | - | 19,881 |
Grants Administered for other
organisations |
6,004 |
(5,249 |
) |
- |
755 |
Active Inclusion | 26,964 | (22,709 | ) | - | 4,255 |
Measuring the Mountain | 88,548 | (92,045 | ) | - | (3,497 | ) |
Building Communities Trust Penywaun | 2,275 | (360 | ) | - | 1,915 |
BL Create your space | 162,003 | (157,105 | ) | - | 4,898 |
Future Generation (WAG) | 22,570 | (21,415 | ) | - | 1,155 |
Cynon GP Cluster | 9,999 | (7,976 | ) | - | 2,023 |
Rhondda GP Cluster Worker | 39,995 | (33,164 | ) | - | 6,831 |
Taff GP Cluster Worker | 6,666 | (4,954 | ) | - | 1,712 |
Penycymoedd | 36,289 | (27,395 | ) | - | 8,894 |
Local Mental Health Grant | 41,833 | (31,107 | ) | - | 10,726 |
Open Gov Network | 3,745 | (696 | ) | - | 3,049 |
678,603 | (571,050 | ) | - | 107,553 |
TOTAL FUNDS | 995,315 | (1,000,776 | ) | 5,405 | (56 | ) |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
17. | MOVEMENT IN FUNDS - continued |
|
A current year 12 months and prior year 12 months combined position is as follows: |
|
Net | Transfers |
movement | between | At |
At 1.4.18 | in funds | funds | 31.3.20 |
£ | £ | £ | £ |
Unrestricted funds |
Core | 639,646 | (194,622 | ) | 261,187 | 706,211 |
|
Restricted funds |
Gwirvol Youth Led Fund | - | 227 | (227 | ) | - |
Intermediate Care Fund | - | 25,346 | (25,346 | ) | - |
UHB- MH User Involvement project | - | 3,862 | 1,558 | 5,420 |
UHB - Building Strong Bridges | - | 34,076 | (34,076 | ) | - |
UHB - MH User Involvement fund | 2,558 | 32,292 | (34,850 | ) | - |
Welcome to our woods | 4,095 | - | (4,095 | ) | - |
Grants Administered for other
organisations |
- |
512 |
1,482 |
1,994 |
Active Inclusion | (4,255 | ) | 4,255 | - | - |
Measuring the Mountain | 5,009 | (3,497 | ) | (1,512 | ) | - |
Building Communities Trust Penywaun | - | 60,661 | (431 | ) | 60,230 |
BL Create your space | - | 6,460 | (6,460 | ) | - |
Future Generation (WAG) | - | 1,155 | (1,155 | ) | - |
Cynon GP Cluster | - | 10,182 | (10,182 | ) | - |
Rhondda GP Cluster Worker | - | 22,057 | (12,566 | ) | 9,491 |
Taff GP Cluster Worker | - | 9,972 | (9,972 | ) | - |
WCVA- Active Inclusion | - | (860 | ) | 860 | - |
Penycymoedd | - | 14,481 | (14,481 | ) | - |
Local Mental Health Grant | - | 17,536 | (17,536 | ) | - |
Open Gov Network | - | 3,049 | (3,049 | ) | - |
Graig and Penycoedcae Community
Fund |
- |
18,110 |
- |
18,110 |
ICF Children and Families grant | - | 3,107 | (3,107 | ) | - |
ICF Older People Grant | - | 22 | (22 | ) | - |
ICF Placed Based Coordinator | - | 10,548 | (10,548 | ) | - |
ICF Social Value Forum | - | 2,955 | (2,955 | ) | - |
Sports Wales HAF Project | - | 12,718 | (7,500 | ) | 5,218 |
UHB ICF | - | 50,312 | (50,312 | ) | - |
Wellbeing Coordinators | - | 14,705 | (14,705 | ) | - |
7,407 | 354,243 | (261,187 | ) | 100,463 |
TOTAL FUNDS | 647,053 | 159,621 | - | 806,674 |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
17. | MOVEMENT IN FUNDS - continued |
|
A current year 12 months and prior year 12 months combined net movement in funds, included in the |
above are as follows: |
|
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
Core | 598,210 | (812,013 | ) | 19,181 | (194,622 | ) |
|
Restricted funds |
Gwirvol Youth Led Fund | 36,650 | (36,423 | ) | - | 227 |
Intermediate Care Fund | 145,850 | (120,504 | ) | - | 25,346 |
UHB- MH User Involvement project | 14,000 | (10,138 | ) | - | 3,862 |
UHB - Building Strong Bridges | 72,226 | (38,150 | ) | - | 34,076 |
UHB - MH User Involvement fund | 85,498 | (53,206 | ) | - | 32,292 |
Grants Administered for other
organisations |
23,891 |
(23,379 |
) |
- |
512 |
Active Inclusion | 26,964 | (22,709 | ) | - | 4,255 |
Measuring the Mountain | 88,548 | (92,045 | ) | - | (3,497 | ) |
Building Communities Trust Penywaun | 71,367 | (10,706 | ) | - | 60,661 |
BL Create your space | 233,580 | (227,120 | ) | - | 6,460 |
Future Generation (WAG) | 22,570 | (21,415 | ) | - | 1,155 |
Cynon GP Cluster | 49,995 | (39,813 | ) | - | 10,182 |
Rhondda GP Cluster Worker | 81,657 | (59,600 | ) | - | 22,057 |
Taff GP Cluster Worker | 46,662 | (36,690 | ) | - | 9,972 |
WCVA- Active Inclusion | 12,330 | (13,190 | ) | - | (860 | ) |
Penycymoedd | 74,980 | (60,499 | ) | - | 14,481 |
Local Mental Health Grant | 83,666 | (66,130 | ) | - | 17,536 |
Open Gov Network | 3,745 | (696 | ) | - | 3,049 |
Graig and Penycoedcae Community
Fund |
20,000 |
(1,890 |
) |
- |
18,110 |
ICF Children and Families grant | 102,200 | (99,093 | ) | - | 3,107 |
ICF Older People Grant | 100,000 | (99,978 | ) | - | 22 |
ICF Placed Based Coordinator | 39,141 | (28,593 | ) | - | 10,548 |
ICF Social Value Forum | 10,000 | (7,045 | ) | - | 2,955 |
Sports Wales HAF Project | 146,895 | (134,177 | ) | - | 12,718 |
UHB ICF | 145,850 | (95,538 | ) | - | 50,312 |
Wellbeing Coordinators | 44,108 | (29,403 | ) | - | 14,705 |
1,782,373 | (1,428,130 | ) | - | 354,243 |
TOTAL FUNDS | 2,380,583 | (2,240,143 | ) | 19,181 | 159,621 |
|
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
18. | RELATED PARTY DISCLOSURES |
|
Due to the nature of the organisation and its members and trustees being drawn from a wide range of |
local organisations, it is inevitable that transactions will take place with organisations in which a |
member / trustee of the organisation may have an interest. |
|
19. | RESTRICTED FUNDS |
|
Third Sector Support Wales |
Interlink receives funding from Welsh Government through WCVA to employ a small team to provide |
support, advice and training to community and voluntary groups and promote volunteering. |
|
Rhondda Cynon Taf County Borough Council |
Interlink delivers a service level agreement to support community and voluntary groups and uses the |
funding to support the services provided under Third Sector Support Wales. |
|
Active Inclusion: Changing Tracks |
The Active Inclusion project supports people with a work limiting health condition, from Jobless |
Households or over 54's which are economically inactive or long term unemployed a free seven week |
accredited training course 'Essential Skills for Work Life' and personalised follow up support after the |
course in job searches and volunteering placements with European funding from the Active Inclusion |
programme with training provide by Adult Learning Wales. |
|
Welsh Government Healthy and Active Fund - BeActive RCT |
Interlink works alongside local partners to deliver a national action research programme to improve |
mental and physical wellbeing to support people to access local outdoor activities. |
|
Cwm Taf Morgannwg University Health Board - Mental Health |
Interlink delivers a service level agreement to work with organisations providing mental health services |
and to support mental health service user involvement in the development of local services. Interlink |
employs a Mental Health Funding and Development Manager and Coordinator. A further £2,000 was |
received to promote World Mental Health Day. |
|
Cwm Taf University Health Board - Building Strong Bridges |
To provide advice and information to support community and voluntary organisations to contribute to |
improving health, social care and wellbeing. Interlink used the fund to contribute toward the Deputy |
Chief Executive, who leads on wellbeing for the organisation. |
|
Welsh Government Transformation Fund |
Interlink employs 7 Wellbeing Coordinators to work with GP's and health professionals to assist people |
to find support to address their social, emotional and or practical needs, working closely with |
community and voluntary groups and other partners. The funding is approved by the Cwm Taf |
Morgannwg Regional Partnership Board. |
|
Welsh Government Integrated Care Fund |
Cwm Taf Morgannwg Regional Partnership Board approved the following Interlink projects and grants |
schemes: |
|
- Community Coordination: |
Interlink employs three Community Coordinators to work in each locality (Rhondda, Cynon and |
Taff-Ely). They establish strong links with groups who work with older people, working together to |
reduce isolation and loneliness by gathering information on activities and services for people aged 65 |
and over and their carers. |
|
- Placed Based Pathfinders: |
Interlink employs two part-time (job share) Community Hub Coordinators to develop local community |
hubs and networks to support organisations work together to support people to improve their health |
and wellbeing. |
|
- Children and Families Grant: |
INTERLINK R C T |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
19. | RESTRICTED FUNDS - continued |
|
Interlink secured funding of £100,000 for a grant scheme for projects run by community and voluntary |
groups to improve the mental wellbeing of children and young people |
|
- ICF Older People Grant: |
Interlink secured funding of £100,000 for a grant scheme for projects run by community and voluntary |
groups to reduce loneliness and isolation amongst older people. |
|
- Befriending Services: |
Funding of £150,000 supported the development of befriending services across Rhondda Cynon Taf |
and Merthyr Tydfil offering one to one support at home. |
|
- Community Capacity Grant Scheme: |
Funding of £60,000 supported small and micro grants with 20 projects covering older people, carers, |
children with complex needs and learning disability. |
|
- Dementia: |
Interlink and VAMT supported a grant programme that supported 10 projects to provide accessible |
services to people living with dementia and their carers and facilitate a Dementia Forum and produce a |
film to showcase the impact of the projects on people living with Dementia. |
|
- Carers' Network: |
Interlink and VAMT facilitated a Carers' Network of community and voluntary third sector organisations |
providing services to carers. |
|
Gwirvol Youth-led Grant Scheme |
The VolFactor is a youth-led grant scheme, funded annually through WCVA from Welsh Government, |
administered by Interlink. Applications are made to a Young People's Panel. Who award grants to |
youth- led projects to support young people's volunteering projects. |
|
Invest Local, Penywaun |
Interlink is the grant recipient body for the Penywaun Invest Local Group, employing a Community |
Development Officer to support the groups address local priorities. Invest Local is funded by the Big |
Lottery Fund and managed by Building Communities Trust (BCT). |
|
Penycymoedd Windfarm Community Fund CIC |
Interlink employs a Community Advice Coordinator to deliver advice and support to community |
voluntary organisations applying to the Penycymoedd Windfarm Community Fund in the area covered |
by the Fund in partnership with Neath Port Talbot CVS. |
|
Unrestricted Funds (Core) |
The unrestricted (core) funds are available to be spent for any of the purposes of the charity. |