|||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| ## ## ## ## ## ## ##