2023-03-31-accounts

		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	to	7
Statement of Financial Activities
Balance Sheet
Cash Flow Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements	12	to	23

			for	the Year E	nded 31 Nlarch	2023
							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
								as restated
				Notes				f
Income and endowments		from
Charitable activities
Care services					6,081,636	16,928,027	23,009,663	23,125,211
Investment income					1,933		1,934	85
Total					6,083,569	16,928,028	23,011,597	23,125,296
Expenditure on
Charitable activities				4
Care services					5,742,539	17,676,652	23,419,191	21,953,040
NET INCOME/(EXPENDITURE) Transfers between funds				17	341,030 (937,974)	(748,624) 937,974	(407,594)	1,172,256
Other recognised gains/(losses)
Actuarial gains/(losses)	on	defined	benefit
schemes					(189,000)		(189,000)	(33,000)
Net movement in funds					(785,944)	189,350	(596,594)	1,139,256
Reconciliation offunds
Total funds brought forward					2,793,708	204,436	2,998,144	1,858,888
Total funds carried forward					2,007,764	393,786	2,401,550	2,998,144

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
					as restated
	Notes	6
Fixed assets
Tangible assets	10	612,791		612,791	629,322
Current assets
Debtors	11	1,265,690		1,265,690	2,114,776
Investments	12	360,326		360,326	374,331
Cash at bank and in hand		1,424,547	393,786	1,818,333	1,536,736
		3,050,563	393,786	3,444,349	4,025,843
Creditors
Amounts falling due within one year	13	(843,530)		(843,530)	(813,219)
Net current assets		2,207,033	393,786	2,600,819	3,212,624
Total assets less current liabilities		2,819,824	393,786	3,213,610	3,841,946
Provisions for liabilities	16	(812,060)		(812,060)	(843,802)
NET ASSETS		2,007,764	393,786	2,401,550	2,998,144
Funds	17
Unrestricted funds				2,007,764	2,793,708
Restricted funds				393,786	204,436
Total funds				2,401,550	2,998,144

			f	or the Year Ended	31 March 2023
					2023	2022
						as restated
				Notes		8
Cash flows from operating	activities
Cash generated from operations					265,657	593,098
Net cash provided by operating		activities			265,657	593,098
Cash flows from investing	activities
Movement on Investment					14,006
Interest received					1,934	85
Net cash provided by investing		activities			15,940	85
Change in cash and cash	equivalents		in
the reporting period					281,597	593,183
Cash and cash equivalents	at	the
beginning ofthe reporting	period				1,536,736	943,553
Cash and cash equivalents	at	the end	of
the reporting period					1,818,333	1,536,736

		for the Ye	for the Ye	for the Ye	ar Ended 31 March 2023
	Reconciliation of	net (expenditure)/income			to net cash flow from operating	activities
						2023	2022
							as restated
							6
	Net (expenditure)/income			for the reporting	period (as per the
	Statement ofFinancial Activities)					(407,594)	1,172,256
	Adjustments for:
	Depreciation charges					16,780	16,780
	Losses on investments						1,773
	Interest received Movement on provisions					(1,934) (31,743)	(85) 60,802
	Decrease/(increase) Increase in creditors		in debtors			848,836 30,312	(745,170) 119,742
	Difference between		pension	charge and cash	contributions	(189,000)	(33,000)
	Net cash provided		by operations			265,657	593,098
2.	Analysis ofchanges in net funds
					At 1.4.22	Cash flow	At 31.3.23
					6	6	8
	Net cash
	Cash at bank and	in	hand		1,536,736	281,597	1,818,333
					1,536,736	281,597	1,818,333
	Liquid resources
	Deposits included	in	cash
	Current asset investments				374,331	(14,005)	360,326
					374,331	(14,005)	360,326
	Total				1,911,067	267,592	2,178,659

					2023	2022
						as restated
			Activity		8	8
Housing Senefit			Care services		1,101,346	1,139,129
Powys day care			Care services			53,934
Service user recharges Care funding fees			Care services Care services		11,633 20,806,642	11,389 20,748,627
Repairs, renewals	&internal
decoration			Care services		76,402	82,363
Care contribution			Care services		103,321	98,869
Training and other	income		Care services		660,248	399,336
Carer allowance			Care services		230,280	239,102
Covid-19 local authority			Care services		19,791	352,462
					23,009,663	23,125,211
Charitable activities costs
					Support
				Direct	costs (see
				Costs	note 5)	Totals
				8		6
Care services				20,245,122	3,174,069	23,419,191
Supportcosts
					Governance
				Management	costs	Totals
				8	6	8
Care services				3,158,697	15,372	3,174,069
Support costs, included		in the above, are as follows:
					2023	2022
						as restated
					Care	Total
					services	activities
Wages					2,008,048	1,830,761
Social security					221,971	195,087
Pensions					108,448	149,669
Operating leases					288,869	231,885
Travelling					128,706	96,567
Rates and water					6,626	13,334
Light, heat and power					24,214	15,910
Insurance					112,781	111,208
Repairs and maintenance					31,657	18,128
Telephone					5,263	6,429
Office expenses					37,052	124,842
Information and technology costs					185,062	201,776
Auditors' remuneration Auditors' remuneration		for non audit work			12,255 1,550	11,000 1,550
Trustee expenses					1,567	521
					3,174,069	3,008,667

		2023	2022
			as restated
		6	6
Auditors' remuneration Auditors' remuneration for non audit work Depreciation —owned assets Other operating leases		12,255 1,550 16,781 288,869	11,000 1,550 16,780 231,885

Staffcosts
					2023	2022
						as restated
Wages and salaries Social security costs Other pension costs					16,911,605 1,618,644 670,874	16,451,208 1,405,425 698,935
					19,201,123	18,555,568
The average monthly	number	of employees	during	the year was as follows:
					2023	2022
						as restated
Operational					617	705
Office					62	66
					679	771

	2023	2022
		as restated
660,001 - 670,000		3
670,001 - 680,000		1
280,001 - 690,000		2
890,001 - 6100,000		1
6100,001 - 6110,000

Debtors	: amo	unts falling due within one year
			2023	2022
				as restated
Trade debtors Other debtors			892,514	1,976,931 2,360
Prepayments		and accrued income	373,176	135,485
			1,265,690	2,114,776
Current	asset	investments
			2023	2022
				as restated
Unlisted	investments		101,845	101,845
Monies	held on deposit		258,481	272,486
			360,326	374,331

Creditor	s: amou	nts	falli	ng du	e within one year
						2023	2022
						f	as restated E
Trade creditors						241,672	162,172
Social security and other				taxes		372,275	372,766
Other creditors						210,253	179,704
Accruals	and deferred		income			19,330	98,577
						843,530	813,219
Deferred	income	brought		forward		51,034
Amounts	released	to	incoming		resources	(51,034)
Amounts	deferred	in the		year			51,034
Deferred	income	carried		forward			51,034

Movement	in funds
							Net	Transfers
							movement	between	At
						At 1xh22	in funds	funds	31.3.23
							6	6	f
Unrestricted	funds
General fund Designated Revaluation			reserve			1,596,522 145,392	156,255	(954,931) (4,000)	797,846 141,392
Designated	Maintenance					189,508	27,176	20,957	237,641
Designated	Cyclical maintenance					33,286	(31,401)		1,885
Designated	ITwarranty		reserve			34,000			34,000
Designated	Occupancy		reserve			45,000			45,000
Designated	Contingency					100,000			100,000
Designated	Salaries					650,000			650,000
						2,793,708	152,030	(937,974)	2,007,764
Restricted	funds
Local Authority funding							(730,534)	730,534
HB —SU Engagement		through		I.T		83,257		(26,058)	57,199
Donation from Celtic Community
Consortium						121,179	(18,090)		103,089
Housing Benefit Reserve								233,498	233,498
						204,436	(748,624)	937,974	393,786
TOTAL FUNDS						2,998,144	(596,594)		2,401,550
Net movement in funds,			included		in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources 6	expended 6	losses f	in funds 6
Unrestricted	funds
General fund						6,056,393	(5,711,138)	(189,000)	156,255
Designated	Maintenance					27,176			27,176
Designated	Cyclical maintenance						(31,401)		(31,401)
Restricted	funds					6,083,569	(5,742,539)	(189,000)	152,030
Local Authority funding						16,928,028	(17,658,562)		(730,534)
Donation from Celtic Community
Consortium							(18,090)		(18,090)
						16,928,028	(17,676,652)		(748,624)
TOTAL FUNDS						23,011,597	(23,419,191)	(189,000)	(596,594)

concerning assets, liabilities, income and expenditure	concerning assets, liabilities, income and expenditure	concerning assets, liabilities, income and expenditure	concerning assets, liabilities, income and expenditure	p in relation to	p in relation to	q the pension scheme.	q the pension scheme.	q the pension scheme.	ormaon
Presentation values ofDefined Benefit Obligation				fair value of		assets and Defined Benefit Asset			(liability)
						31 March 2023		31 March	2022
							fOOOs		FOOOs
Fair value of plan assets Present value of defined benefit obligation							3,271 4,008		5,030 5,720
Surplus/(Deficit) in plan Unrecognised surplus							(737)		(690)
Defined benefit asset (liability) to be recognised							(737)		(690)
Reconciliation ofthe impact ofthe asset ceiling
							31	March 2023
								f000s
Impact ofasset ceiling at start ofyear
Effect ofthe asset ceiling included in net	interest cost
Actuarial losses (gains) on asset ceiling
Impact ofasset ceiling at end of period
Reconciliation ofopening and closing	balances		of		the defined	benefit obligation
							31	March 2023
								f000s
Defined benefit obligation at start of period								5,720
Current service cost
Expenses								5
Interest Expense								157
Contributions by plan participants
Actuarial losses (gains) due to scheme experience Actuarial losses (gains) due to changes in demographic assumptions Actuarial losses (gains) due to changes in financial assumptions Benefits paid and expenses Liabilities acquired in a business combination								(38) (25) (1,645) (166)
Liabilities extinguished on settlements
Losses (gains) on curtailments
Losses (gains) due to benefit changes
Exchange rate differences
Defined benefit obligation at end of period								4,008
Reconciliation ofopening and closing	balances		of	the fair value of plan			assets
							31 March 2023
								f000s
Fair value of plan assets at start of period								5,030
Interest income								140
Experience on plan assets (excluding amounts		included			in interest income)-
gain (loss) Contributions by the employer								(1,897) 164
Contdibutions by plan participants
Benefits paid and expenses Assets acquired in a business combination								(166)
Assets distributed on settlements
Exchange rate changes
Fair value of plan assets at end of period								3,271

Defined benefit costs recognised in statement	offinancial activities -Actuarial	offinancial activities -Actuarial	offinancial activities -Actuarial	Gains/(losses)
				31 March 2023
				6000s
Experience on plan assets (excluding amounts included		in net interest cost)-
gain (loss) Experience gains and losses arising on the plan liabilities		- gain (loss)		(1,897) 38
Effects ofchanges in the demographic assumptions	underlying the		present
value ofthe defined benefit obligation -gain (loss)				25
Effects ofchanges in the financial assumptions underlying		the present value of
the defined benefit obligation -gain (loss)				1,645
Total actuarial gains and losses (before restriction	due to some of		the surplus
not being recongisable) - gain (loss) Effects ofchanges in the amount ofsurplus that is	not recoverable		(excluding	(189)
amounts included in net interest cost) - gain (loss)
Total amount recognised in Actuarial gains/(losses)				(189)

Total amount recogni Assets	sed in Actuarial gains/(losses)	(1	89)
		31 March	31 March
		2023	2022
		6000s	f000s
Absolute Return		35	202
Alternative Risk Premia		6	166
Cash		24	17
Corporate Bond Fund			336
Credit Relative Value		123	167
Current Hedging Distressed Opportunities		6 99	(20) 180
Emerging Markets Debt		18	146
Fund of Hedge Funds
Global Equity		61	966
High Yield		11	43
Infrastructure		374	358
Insurance Linked Securities		83	117
Liability Driven Investment Long lease Property		1,506 99	1,404 129
Net current assets		8	14
Opportunistic Credit			18
Opportunistic llliquid	Credit	140	169
Private Debt		146	129
Liquid Credit
Property		141	136
Risk sharing		241	166
Secured income		150	187
Total assets		3,271	5,030