||||Page|| |---|---|---|---|---| |Reference and Administrative|Details|||| |Report ofthe Trustees||2|to|11| |Report ofthe Independent
Auditors||12|to|14| |Statement ofFinancial Activities||||| |Balance Sheet||16|to|17| |Cash Flow Statement|||18|| |Notes to the Financial Statements||19|to|28| |Detailed Statement ofFinancial|Activities|29|to|30| |TRUSTEES|Mrs G Morgan||||| |---|---|---|---|---|---| ||Mrs J Davies||||| ||Mrs A Symons (resigned|||10.11.20)|| ||Mr PLucas||||| ||Mr R Sinnett||||| ||Mrs G Bowen (resigned||10.11.20)||| ||Mrs A Thomas||||| ||Mr BGJenkins|(appointed||19.8.20) (resigned 24.11.20)|| ||Mrs LBowden||||| ||Mr TC Brown (resigned||29.3.21)||| ||Mrs JWordsworth||||| |SENIOR MANAGEMENT|Bethan Howell, Managing|||Director (until 4th September 2020)|| ||Cathy Lawrence|and Heather Brooks, Acting Joint Managing|||| ||Directors (until 4th January|||2021)|| ||Michael Hooper,|Managing||Director (from 4th January 2021)|| |REGISTERED OFFICE|19Market Street||||| ||HAVERFORDWEST||||| ||Pembrokeshire||||| ||SA61 INF||||| |REGISTERED COMPANY
NUMBER|03062605 (England
and Wales)||||| |REGISTERED CHARITY|1048218||||| |NUMBER|||||| |AUDITORS|Ashmole
and Co.||||| ||Chartered
Certified Accountants||||and Statutory| ||Auditors||||| ||Williamston
House||||| ||7 Goat Street||||| ||Haverfordwest||||| ||Pembrokeshire||||| ||SA61 IPX||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|31.3.21
Total|31.3.20
Total| |---|---|---|---|---|---| |INCOME AND ENDOWMENTS FROM|Notes|funds
f|fund
8|funds
8|funds| |Donations
and legacies|2|10,770||10,770|4,599| |Charitable
activities|||||| |Pathway
letting, advice &bond scheme
Pathway
lettings
development
Supporting
people services
Travel warrant
scheme||312,082|259,140
10,000|259,140
10,000
312,082|321,658
294,852| ||||5,261|5,261|14,063| |Other trading activities
Investment
income|3
4|65,149
2,132|-|65,149
2 132|62,660
2,145| |Total|||||| |||390,133|274,401|664,534|699,977| |EXPENDITURE ON|||||| |Charitable
activities|||||| |Pathway
letting, advice &bond scheme
Pathway
lettings development
Supporting
people services
Furniture &crisis scheme
Travel warrant
scheme||18,626
294,527
2,664|257,201
1,413
4,859|275,827
1,413
294,527
2,664
4,859|348,690
1,264
320,814
3,251
12,497| |Total||315,817|263,473|579,290|686,516| |NKT INCOME||74,316|10,928|85,244|13,461| |Transfers
between
funds|15|1 894|~1,894)||| |Net movement
in funds||76,210|9,034|85,244|13,461| |RECONCILIATION
OF FUNDS|||||| |Total funds brought
fomvard||711,462|113,515|824,977|811,516| |TOTAL FUNDS CARRIED FORWARD||787,672|122,549|910,221|824,977| ## ## ## ## ## ||||||Cash Flow Statement||| |---|---|---|---|---|---|---|---| |||||for the|Year Ended 31March|2821|| |||||||31.3.21|31.3.20| |||||Notes|||| |Cash tlows from operating||activities|||||| |Cash generated
from operations||||17||54,031|3,220| |Net cash provided by operating
activities||||||54,031|3,220| |Cash flows from investing||activities|||||| |Purchase oftangible fixed assets
Sale oftangible
fixed assets||||||(8,280)
100|(37,151)| |Interest received||||||2,132|2,145| |Net cash used in investing|activities|||||~6,048)|~35,006)| |Change in cash and cash|equivalents||in||||| |the reporting
period
Cash and cash equivalents||at the||||47,983|(31,786)| |beginning
ofthe reporting||period||||626485|658,271| |Cash and cash equivalents||at the end|of||||| |the reporting
period||||||674 468|626,485| ## ## ## ## ## |Office equipment|Office equipment|- 15%reducing|balance| |---|---|---|---| |Computer|equipment|- Straight line|over 3years| |Freehold|property|-2%on cost|| ## ## ## |||for t|for t|for t|for t|he|Year|Ended 31March 2021||| |---|---|---|---|---|---|---|---|---|---|---| ||DONATIONS|AND LEGACIES||||||||| ||||||||||31.3.21|31,3.20| ||Donations||||||||770|4,599| ||Grants||||||||10,000|| ||||||||||10,770|4,599| ||Grants received,|included|in|the above,||are|as follows:|||| ||||||||||31.3.21|31.3.20| ||||||||||f|| ||Covid-19 Support Grant||||||||10,000|| |3.|OTHER TRADING ACTIVITIES|||||||||| ||||||||||31.3.21|31.3.20| ||Rental income||||||||22,541|18,085| ||Pathway
lettings||||||||42,608|44,575| ||||||||||65,149|62,660| |4.|INVESTMENT|INCOME||||||||| ||||||||||31.3.21|31.3.20| ||Deposit account|interest|||||||~2132|2,145| |5.|INCOME FROM CHARITABLE ACTIVITIES|||||||||| ||||||||||31.3.21|31.3.20| |||||Activity||||||f| ||Grants|||Pathway||letting,||advice &bond scheme|259,140|321,658| ||Grants|||Pathway||lettings||development|10,000|| ||Grants|||Supporting|||people services||312,082|294,852| ||Grants|||Travel warrant
scheme|||||5,261|~14063| ||||||||||586,483|630,573| ||Grants received,|included|in|the above,||are|as follows:|||| ||||||||||31.3.21|31.3.20| ||WG Advice, Resettlement||&Bond Scheme||||||217,920|217,920| ||LA Funding
for|Advice,|Assistance, Advocacy|||||&Bond Scheme|11,440|11,440| ||LA Social Care||||||||6,372|6,372| ||Travel Warrants||||||||5,261|14,063| ||SP Generic Support Service||||||||312,082|294,852| ||Rough Sleeper Count|||||||||883| ||LA Pathway
Lettings Development||||||||10,000|| ||SSLD||||||||8,408|4,828| ||LA Housing,
Shared Accommodation
Project|||||||||35,894| ||The National
Lottery Community||||Fund|||||9,665| ||Carried forward||||||||571,483|595,917| ## ## ||Notes to the Financial
Statements
for the Year Ended 31March|Notes to the Financial
Statements
for the Year Ended 31March|- continued
2021||| |---|---|---|---|---|---| ||INCOME FROM CHARITABLE ACTIVITIES -continued||||| |||||31.3.21|31.3.20| ||Brought forward|||571,483|595,917| ||PCC Rough Sleeper Information,|Leaflets &Packs|||10,000| ||PCC Rough Sleeper Outreach Work|||15,000|13,756| ||Rough Sleeper Homeless Pods||||10,900| |||||586,483|630,573| |6.|CHARITABLE ACTIVITIES|COSTS|||| |||||Support|| ||||Direct|costs (see|| ||||Costs|note 7)
f|Totals| ||Pathway
letting, advice &bond|scheme|239,871|35,956|275,827| ||Pathway
lettings
development||1,413||1,413| ||Supporting
people services||255,574|38,953|294,527| ||Furniture &crisis scheme||2,664||2,664| ||Travel warrant
scheme||4 859||4,859| ||||504 381|74 909|579290| |7.|SUPPORT COSTS||||| |||||Governance|| ||||Management|costs|Totals| ||Pathway
letting, advice &bond|scheme|29,757|6,199|35,956| ||Supporting
people services||32,236|6,717|38,953| ||||61,993|12,916|74,909| ||Support costs are calculated as a|proportion ofexpenses based on|administration|statf time.|| ||NET INCOME/(EXPENDITURE)||||| ||Net resources are stated afler charging/(crediting):||||| |||||31.3.21|31.3.20| ||||||8| ||Depreciation
- owned assets|||8,280|10,048| ||Auditors'
remuneration|||2,280|2,280| ||Other accountancy
services|||4,260|~6072| ## ## ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||31.3.21|31.3.20| ||||f|| |Wages and salaries|||439,452|475,384| |Social security costs|||29,880|31,023| |Other pension costs|||7,186|9,067| ||||476,518|515,474| |The average monthly|number ofemployees|during the year was as follows:||| ||||31.3.21|31.3.20| |Administration|||2|2| |Advocacy &Support|||22|23| ||||24|25| ## |Notes to the Financial Statements -continued
for the Year Ended 31March 2021|Notes to the Financial Statements -continued
for the Year Ended 31March 2021||| |---|---|---|---| |COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||-31/03/2020|| ||Unrestricted|Restricted|Total| ||funds|fund|funds| |INCOME AND ENDOWMENTS FROM||f|| |Donations
and legacies|4,599||4,599| |Charitable
activities|||| |Pathway
letting, advice &bond scheme
Supporting
people services
Travel warrant
scheme|294,852|321,658|321,658
294,852| |||14,063|14,063| |Other trading activities
Investment
income|62,660
2 145||62,660
2,145| |Total|||| ||364,256|335,721|699,977| |EXPENDITURE ON|||| |Charitable
activities|||| |Pathway
letting, advice &bond scheme
Pathway
lettings
development
Supporting
people services
Furniture &crisis scheme
Travel warrant
scheme|30,478
319,808
3,251|318,212
1,264
1,006
12,497|348,690
1,264
320,814
3,251
12,497| |Total|||| ||353,537|332,979|686,516| |NET INCOME|10,719|2,742|13,461| |Transfers
between
funds|~1,348)|1,348|| |Net movement
in funds|9,371|4,090|13,461| |RECONCILIATION
OFFUNDS|||| |Total funds brought
fomvard|702,091|109,425|811,516| |TOTAL FUNDS CARRIED FORWARD|711,462|113,515|824,977| ## ## ## |12.|TANGIBLE FIXED|ASSETS||||| |---|---|---|---|---|---|---| |||Freehold|Office||Computer|| |||property
f|equipment
I||equipment
8|Totals
f| ||COST|||||| ||At
1 April 2020|305,690|29,107||47,183|381,980| ||Additions
Disposals||||8,280
~504)|8,280
~504)| ||At 31March 2021|305,690|29 107||54959|389,756| ||DEPRECIATION|||||| ||At
1 April 2020|11,525|20,249||45,141|76,915| ||Charge for year
Eliminated
on disposal|6,114||1,332|4,219
~504)|11,665
~504)| ||At 31 March 2021|17,639|21,581||48,856|88,076| ||NET BOOK VALUE|||||| ||At 31 March 2021|~288 051||7 526|6 103|~301 680| ||At 31 March 2020|294,165||8,858|2,042|305,065| |13.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||| ||||||31.3.21|31.3.20| ||Debtors||||99,983|75,707| ||Prepayments||||~17655|~7135| ||||||117,638|82,842| |14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||| ||||||31.3.21|31.3.20| ||Creditors||||11,590|12,046| ||Social security and other taxes||||6,306|5,967| ||Accruals and deferred|income|||~165669|~171402| ||||||183,565|189,415| ## ## |MOVEMENT IN FUNDS||for the Year Ended 31Mar|ch 2021||| |---|---|---|---|---|---| ||||Net|Transfers|| |Unrestricted
funds||At 1.4.20
f|movement
in funds|between
funds|At
31.3.21| |General funds
Designated
funds||445,196
266,266|74,316|16,056
~14,162)|535,568
252,104| |Restricted
funds||711,462|74,316|1,894|787,672| |Restricted funds||113,515|10,928|(1,894)|122,549| |TOTAL FUNDS||824,977|85 244||910,221| |Net movement
in funds, included||in the above are as follows:|||| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| |Unrestricted
funds|||||| |General
funds|||390,133|(315,817)|74,316| |Restricted funds|||||| |Restricted funds|||274,401|(263,473)|10,928| |TOTALFUNDS|||||| ||||664 534||85,244| |Comparatives
for movement|in|funds|||| ||||Net|Transfers|| |Unrestricted
funds||At 1.4.19|movement
in funds|between
funds
f|At
31.3.20
f| |General funds
Designated
funds||423,988
278,103|37,219
~26,500)|(16,011)
14,663|445,196
266 266| |Restricted funds||702,091|10,719|(1,348)|711,462| |Restricted
funds||109,425|2,742|1,348|113,515| |TOTALFUNDS||811,516|13,461||824,977| ## ## ## ## ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| |Unrestricted
funds|||||| |General funds
Designated
funds|||364,256|(327,037)|37,219
~26 500)| |Restricted
funds|||364,256|(353,537)|10,719| |Restricted funds|||335,721|(332,979)|2,742| |TOTAL FUNDS|||||| ||||||13461| |A current year 12ntonths|and prior year 12months|combined|position is as follows:||| ||||Net|Transfers|| ||||movement|between|At| |Unrestricted
funds||At 1.4.19|in funds|funds
f|31.3.21| |General
funds
Designated
funds||423,988
278,103|111,535
~26,500)|45
501|535,568
252 104| |Restricted funds||702,091|85,035|546|787,672| |Restricted funds||109,425|13,670|(546)|122,549| |TOTAL FUNDS||811516|98,705||910,221| ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| |Unrestricted
funds||f.|f| |General
funds
Designated
funds|754,389|(642,854)
~26 500)|111,535
~26,500)| |Restricted funds|754,389|(669,354)|85,035| |Restricted
funds|610,122|(596,452)|13,670| |TOTALFUNDS|1,364 511|(1,265 806)|98,705| ## ## ## ## ||||31.3.21|31.3,20| |---|---|---|---|---| |Advice and bond|scheme|||| |Pathway
lettings
Furniture
&crisis|development
fund|fund|66,540
39,302|54,601
40,715| |Travel warrants|||9,621|11,515| ||||7,086|6 684| ||||122,549|113,515| |DESIGNATED FUNDS||||| ||||31.3.21|31.3.20| |Redundancy
Office furniture
and equipment
Database redesign
Pathway
lettings
development
Staffrelated costs||fund|45,000
5,000
8,000
169,104|60,685
10,000
25,000
122,581| |Property
maintenance
Training|||5,000
15,000
5,000|10,000
25,000
13000| ||||252,104|266,266| ## ## ## ## ||
ACTIVITIES|TONET CASH FLOW FROM|OPERATING|| |---|---|---|---|---| ||Net income for the reporting
Activities)|period (as per the Statement ofFinancial|31.3.21
f|31.3.20| ||Adjustments
for:||85,244|13,461| ||Depreciation
charges
Profit on disposal offixed assets
Interest received||11,665
(100)|10,048| ||(Increase)/decrease
in debtors
Decrease in creditors||(2,132)
(34,796)
~5850|(2,145)
33,920
~52,064| ||Net cash provided
by operations||54 031|3220| |18**.**|ANALYSIS OFCHANGES|IN NET FUNDS||| |||At 1.4.20|Cash flow|At 31.3.21| ||Net cash|||f| ||Cash at bank and in hand|626,485|47,983|674,468| |||626 485|47 983|674 468| ||Total|||| |||626,485|47,983|674,468| |19.|OPERATING LEASES|||| ||31.3.21|31.3.20| |---|---|---| |Within one year
Between one and five years|15,747|18,420
15,747| ||15747|34,1677| ## ## ||||for the Year Ended|31March 2021|| |---|---|---|---|---|---| |||||31.3.21|31.3.20| |INCOME AND||ENDOWMENTS|||| |Donations
and|legacies||||| |Donations||||770|4,599| |Grants||||10,000|| |||||10,770|4,599| |Other trading|activities||||| |Rental income||||22,541|18,085| |Pathway
lettings||||42,608|~44 575| |||||65,149|62,660| |Investment
income|||||| |Deposit account||interest||2,132|2,145| |Charitable
activities|||||| |Grants||||586,483|630,573| |Total incoming||resources||664,534|699,977| |EXPENDITVRE|||||| |Charitable
activities|||||| |Salaries||||382,200|391,782| |Social security||||24,727|25,027| |Pensions||||5,948|8,042| |Rent and rates||||18,781|18,613| |Insurance||||2,284|2,562| |Light and heat||||2,905|3,829| |Telephone||||8,472|9,988| |IT, printing
&postage||||13,926|13,645| |Advertising||||950|707| |Sundries||||4,658|1,167| |Stafftravel expenses||||6,213|22,580| |Subscriptions
&||course fees||1,630|2,535| |Repairs maintenance|||&cleaning|4,112|9,267| |Furniture
fund expenditure||||2,664|3,251| |Travel warrants||||4,859|12,497| |Consultancy
fees||||5,094|7,410| |Recruitment
costs||||2,663|233| |Stafftraining||||1,738|1,006| |Professional
fees|||||777| |Rough sleeper homeless pods|||||18,900| |Pathway
lettings||IT equipment|||9,385| |Depreciation||||~10557|9,087| |||||504,381|572,290| ## ## ||for the Year Ende|d 31March 2021|| |---|---|---|---| |||31.3.21|31.3.20| |Support costs|||| |Management|||| |Salaries|||| |Social security
Pensions||51,528
4,637|57,242
5,396| |Rent &rates||1,115|923| |Insurance||22|496| |Light and heat
Stationery &telephone
Sundries||250
318
2,141|287
429
2,638| |Office repairs
Subscriptions
Depreciation|&course fees|505
254
115
I 108|132
6,923
148
961| |||61,993|75,575| |Governance|costs||| |Wages
Social security
Pensions||5,724
516|26,360
600| |Auditors'
remuneration||123|102| |Sundries||6,540|8,352| |||13|3,237| |||12,916|38651| |Total resources|expended|579,290|686,516| |Net inconie|||| |||85 244|13461|