| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details | |||
| Report ofthe Trustees | 2 | to | 13 | |
| Report oftbe Independent Auditors |
14 | to | 16 | |
| Statement ofFinancial Activities | 17 | |||
| Balance Sheet | 18 | to | 19 | |
| Cash liow Statement | 20 | |||
| Notes tothe Financial Statements | 21 | to | 30 | |
| Detailed Statement ofFinancial | Activities | 31 | to | 32 |
| 31.3.23 | 31.3.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | 6 | ||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations snd legacies | 2 | 27,728 | 21,744 | 49,472 | 23,891 |
| Charitable activities |
|||||
| Pathway letting, advice &bond scheme |
314,532 | 314,532 | 314,079 | ||
| Supporting people services |
313,025 | 313,025 | 322,873 | ||
| Travel wanant scheme | 9,331 | 9,331 | 7,180 | ||
| Foyer Pmject | 49,375 | ||||
| Food Poverty | 10,500 | 10,500 | 30,995 | ||
| Mental Health | 50,000 | 65,524 | 115,524 | 19,980 | |
| Other trading activities | 86,978 | 86,978 | 69,509 | ||
| Investment income |
1,014 | 1,014 | 1,708 | ||
| Total | 478,745 | 421,631 | 900,376 | 839,590 | |
| EXPENDITURE ON | |||||
| Charitable activities |
6 | ||||
| Pathway letting, advice &bond scheme |
27,191 | 468,738 | 495,929 | 328,492 | |
| Pathway lettings development |
5,840 | 5,840 | 7,104 | ||
| Supporting people services |
439,632 | 11,745 | 451,377 | 321,913 | |
| Furniture &crisis scheme | 2,726 | 2,726 | 3,846 | ||
| Travel warrant scheme | 5,676 | 5,676 | 7,470 | ||
| Foyer Project | 55,661 | ||||
| Food Poverty | 17,029 | 17,029 | 25,715 | ||
| Mental Health | 28,828 | 28,828 | 1,325 | ||
| Total | 469,549 | 537,856 | 1,007,405 | 751,526 | |
| NET INCOME/(EXPENDITURE) | 9,196 | (116,225) | (107,029) | 88,064 | |
| Transfers between funds | 17 | (108,180) | 108,180 | ||
| Net movement in funds |
(98,984) | (8,045) | (107,029) | 88,064 | |
| RECONCILIATION OFFUNDS | |||||
| Total funds brought forward | 853,320 | 144,965 | 998,285 | 910,221 | |
| TOTAL FUNDS CARRIED FORWARD | 754,336 | 136,920 | 891,256 | 998,285 |
| 31M | arch 2023 | ||||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | f | 6 | f, | ||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 461,500 | 3,263 | 464,763 | 299,807 |
| CURRENT ASSETS | |||||
| Debtors | 13 | 45,069 | 56,763 | 101,832 | 98,585 |
| Cash at bank and in band | 278,752 | 288,502 | 567,254 | 787,277 | |
| 323,821 | 345,265 | 669,086 | 885,862 | ||
| CRKDITORS | |||||
| Amounts falling due within one year |
14 | (30,985) | (133,928) | (164,913) | (187,384) |
| NET CURRENT ASSETS | 292,836 | 211,337 | 504,173 | 698,478 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 754,336 | 214,600 | 968,936 | 998,285 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
15 | (77,680) | (77,680) | ||
| NET ASSETS | 754,336 | 136,920 | 891,256 | 998285 | |
| FUNDS | 17 | ||||
| Unrestricted funds |
754,336 | 853,320 | |||
| Restricted funds | 136,920 | 144,965 | |||
| TOTAL I'UNDS | 891,256 | 998,285 |
| Cash Flow Statement | ||||||||
|---|---|---|---|---|---|---|---|---|
| for the | Year Ended 31March | 2023 | ||||||
| 31.3.23 | 31.3.22 | |||||||
| Notes | ||||||||
| Cash flows fram operating | activities | |||||||
| Cash generated fiom operations |
19 | (111,438) | 126,881 | |||||
| Net cash (used in)/provided | by | operating | activities | (111,438) | 126,881 | |||
| Cash flows from investing | activities | |||||||
| Purchase oftangible fixed assets | (187,279) | (15,780) | ||||||
| Interest received | 1,014 | 1,708 | ||||||
| Net cash used in investing | activities | (186,265) | (14,072) | |||||
| Cash flows from financing | activities | |||||||
| New loans in year | 77,680 | |||||||
| Net cash provided by financing | activities | 77,680 | ||||||
| Change in cash and cash equivalents | in | |||||||
| the reporting period |
(220,023) | 112,809 | ||||||
| Cash and cash equivalents | at | the | ||||||
| beginning ofthe reporting | period | 787,277 | 674,468 | |||||
| Cash and cash equivalents | at | the end | of | |||||
| the reporting period |
567,254 | 787,277 |
| 2. | DONATIONS AND LEGACI |
ES | |||||
|---|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||||
| Donations | 6,737 | 6,321 | |||||
| Grants | 37,392 | 15,564 | |||||
| Insurance claim | 5,343 | 2,006 | |||||
| 49,472 | 23,891 | ||||||
| Grants received, included in the | above, are | as follows: | |||||
| 31.3.23 | 31.3.22 | ||||||
| WG Social Care Workers grant | 12,564 | ||||||
| Kickstatt Scheme | 7,392 | 3,000 | |||||
| Orielton Business Services Ltd | 20,000 | ||||||
| LNG South Hook | 5,000 | ||||||
| Milford Haven Port Authority | 5,000 | ||||||
| 37,392 | 15.564 | ||||||
| 3. | OTHER TRADING ACTIVITIES | ||||||
| 31.3.23 | 31.3.22 | ||||||
| f | |||||||
| Rental income | 15,547 | 20,028 | |||||
| Pathway lettings |
73,337 | 46,449 | |||||
| PODS rental income | (L906) | 3,032 | |||||
| 86,978 | 69,509 | ||||||
| 4. | INVESTMENT INCOME | ||||||
| 31.3.23 | 31.3.22 | ||||||
| Deposit account interest | 1,014 | 1,708 | |||||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 31.3.23 | 31.3.22 | ||||||
| Activity | |||||||
| Pathway | letting, advice 8r.bond scheme | 314,532 | 314,079 | ||||
| Supporting | people services | 313,025 | 322,873 | ||||
| Travel warrant | scheme | 9,331 | 7,180 | ||||
| Foyer Project | 49,375 | ||||||
| Food Poverty | 10,500 | 30,995 | |||||
| Mental | Health | 115,524 | 19,980 | ||||
| 762,912 | 744,482 |
| Grants received, included in th | e above, a | rc as follows: | ||||
|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||||
| WG Advice, Resettlement &Bond Scheme | 217,920 | 217,920 | ||||
| LA Funding for Advice, Assistance, Advocacy dt Bond Schcmc | 11,440 | |||||
| Travel Warrants | 9,331 | 7,180 | ||||
| SPGeneric Support Service | 313,025 | 322,873 | ||||
| SSLD | 6,051 | 7,362 | ||||
| The National Lottery Community Fund |
49,375 | |||||
| PCC Rough Sleeper Outreach Work | 14,209 | 7,486 | ||||
| PCC Pathway Lettings, Advice | &Bond Scheme top up | 48,067 | ||||
| Postcode Community Trust |
19,980 | |||||
| Shared Lives Plus, Homeshare | 10,000 | |||||
| PAVS Homeshsre | 10,000 | |||||
| PCC Food Poverty Support | 10,500 | 28,103 | ||||
| PAVS Supporting Community |
Action Fund | 2,892 | ||||
| Pcmbs CC Rough Sleeper Outreach Surgeries | 1,804 | |||||
| WCVA Community Asset Development |
Fund | 51,787 | ||||
| WCVA Social Business Growth Fund | 24,565 | |||||
| Hwycl Davies Legacy Fund | 115,524 | |||||
| 762,912 | 744,482 | |||||
| 6. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (scc | |||||
| Costs | note 7) | Totals | ||||
| 6 | ||||||
| Pathway letting, advice &bond |
scheme | 461,538 | 34,391 | 495,929 | ||
| Pathway lettings development |
5,840 | 5,840 | ||||
| Supporting people services |
411,476 | 39,901 | 451,377 | |||
| Furniture &crisis scheme |
2,726 | 2,726 | ||||
| Travel warrant scheme |
5,676 | 5,676 | ||||
| Food Poverty | 17,029 | 17,029 | ||||
| Mental Health | 28,828 | 28,828 | ||||
| 933,113 | 74,292 | 1,007,405 | ||||
| 7. | SUPPORT COSTS | |||||
| Governance | ||||||
| Management f |
costs f |
Totals | ||||
| Pathway letting, advice &bond |
scheme | 28,329 | 6,062 | 34,391 | ||
| Supporting people services | 33,069 | 6,832 | 39,901 | |||
| 61,398 | 12,894 | 74,292 |
| 31.3.23 | 31.3.22 | |
|---|---|---|
| I | ||
| Depreciation -owned assets Auditors' remuneration Othn accounnmcy services |
22,323 2,700 6,662 |
15,222 2,500 5,945 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| Wages and salaries | 675,065 | 525,699 | ||
| Social security costs Other pension costs |
48,626 12,343 |
33,190 8,848 |
||
| 736,034 | 567,737 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 31.3.23 | 31.3.22 | |||
| Administration | 2 | 2 | ||
| Advocacy dr Support | 34 | 26 | ||
| 36 | 28 |
| Notes to the Financial Statements -continued for the Year Ended 31March 2023 |
Notes to the Financial Statements -continued for the Year Ended 31March 2023 |
Notes to the Financial Statements -continued for the Year Ended 31March 2023 |
|
|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OFFINANCIALA~S-31/03/2022 | |||
| Unrestricted | Restricted | Toed | |
| INCOME AND ENDOWMENTS FROM | funds | fund 8 |
fundsf |
| Donations and legacies |
20,891 | 3,000 | 23,891 |
| Charitable activities |
|||
| Pathway letting, advice dt bond scheme Supporting people services Travel warrant scheme Foyer Pmject Food Poverty Mental Health |
322,873 | 314,079 7,180 49,375 30,995 19,980 |
314,079 322,873 7,180 49,375 30,995 19,980 |
| Other trading activities Investment income |
69,509 1,708 |
69,509 1,708 |
|
| Total | 414,981 | 424,609 | 839,590 |
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Pathway letting, advice &bond scheme Pathway 1ettings development Supporting people services Furniture dr crisis scheme Travel warrant scheme Foyer Project Food Poverty Mental Health |
25.789 320,828 3,846 |
302,703 7,104 1,085 7,470 55,661 25,715 1,325 |
328,492 7,104 321,913 3,846 7,470 55,661 25,715 1,325 |
| Total | 350,463 | 401,063 | 751,526 |
| NET INCOME Transfers between funds |
64,518 1,130 |
23,546 (1,130) |
88,064 |
| Net movement in funds |
65,648 | 22,416 | 88,064 |
| RECONCILIATION OFFUNDS |
|||
| Total funds brought forward | 787,672 | 122,549 | 910,221 |
| TOTAL FUNDS CARRIED FORWARD | 853,320 | 144,965 | 998,285 |
| 12. | TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|---|
| Freehold | Office | Motor | Computer | |||
| COST | properly f |
cqmprnent f |
vehicles f. |
cgulpnlcnt f, |
Totals f, |
|
| At 1April 2022 Additions |
306,528 169,293 |
16,512 4,980 |
4,999 | 52,667 8,007 |
375,707 187,279 |
|
| At 31March 2023 | 475,821 | 21,492 | 4,999 | 60,674 | 562,986 | |
| DEPRECIATION | ||||||
| At 1April 2022 Charge for year |
23,770 9,517 |
12,183 1,397 |
1,000 | 39,947 10,409 |
75,900 22,323 |
|
| At 31March 2023 | 33,287 | 13,580 | 1,000 | 50,356 | 98,223 | |
| NET BOOKVALUE | ||||||
| At 31March 2023 | 442,534 | 7,912 | 3,999 | 10,318 | 464,763 | |
| At 31March 2022 | 282,758 | 4,329 | 12,720 | 299,807 | ||
| 3. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.23 | 31.3.22 | |||||
| Debtors | f 86,975 |
f 98,585 |
||||
| Prepayment s |
14,857 | |||||
| 101,832 | 98,585 | |||||
| 4. | CREDITORSl AMOUNTS FALLING DUE | WITHIN ONE YEAR | ||||
| 31.3.23 | 31.3.22 | |||||
| f | ||||||
| Creditors Social security and other taxes Accruals and deferred income |
25,004 12,325 127,584 |
21,299 9,189 156,896 |
||||
| 164,913 | 187,384 |
| CREDITORS: AMOUNTS FALLING DUE AFTERMORE TH | AN ONE YEAR | |
|---|---|---|
| 31.3.23 | 31.3.22 | |
| Other loans (secnote 16) | 77,680 | f |
| LOANS | ||
| An analysis ofthe maturity ofloans is given below: | ||
| 31.3.23 | 31.3.22 | |
| Amounts falling duc between two and five years: |
||
| Other loans -2-5 years | 33,092 | |
| Amounts falling due in more than five years: |
||
| Repayable by instalmcnts: | ||
| Other loans more 5yrs instal | 44,588 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Nct | Transfers | |||
| movament | between | At | ||
| Unrestricted funds |
At 1.422 f |
in funds | funds f |
31.3.23 f |
| General funds Designated funds |
550,677 302,643 |
9,196 | 75,963 (184,143) |
635,836 118,500 |
| Restricted funds | 853,320 | 9,196 | (108,180) | 754,336 |
| Restricted funds | 144,965 | (116225) | 108,180 | 136,920 |
| TOTAL FUNDS | 998,285 | (107,029) | 891,256 | |
| Net movement in funds, included |
in the above are as foUows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted fitnds |
||||
| General funds | 478,745 | (469,549) | 9,196 | |
| Restricted funds | ||||
| Restricted funds | 421,631 | (537,856) | (116,225) | |
| TOTAL FUNDS | 900,376 | (1,007,405) | (107,029) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| Unrestricted funds |
At 1.4.21 f |
in funds | funds | 31.3.22 f |
| General funds Designated funds |
535,568 252,104 |
64,518 | (49,409) 50,539 |
550,677 302,643 |
| Restricted funds | 787,672 | 64,518 | 1,130 | 853,320 |
| Restricted funds |
122,549 | 23,546 | (1,130) | 144,965 |
| TOTAL FUNDS | 910,221 | 88,064 | 998,285 |
| Inconnng | Resources | Movement | ||
|---|---|---|---|---|
| tcsoutccs | expended | in fuuds | ||
| Unrestricted funds |
f | 6 | ||
| General funds | 414,981 | (350,463) | 64,518 | |
| Restricted funds | ||||
| Restricted funds | 424,609 | (401,063) | 23,546 | |
| TOTAL li'UNDS | 839,590 | (751,526) | 88,064 | |
| A current year 12months | and prior year 12months combined position is as follows: | |||
| Nct | Transfers | |||
| movemcnt | between | At | ||
| At 1.4.21 | in funds | funds | 31.3.23 | |
| Unrestricted funds |
6 | |||
| General funds Designated funds |
535,568 252,104 |
73,714 | 26,554 (133,604) |
635,836 118,500 |
| Restricted funds | 787,672 | 73,714 | (107,050) | 754,336 |
| Restricted funds | 122,549 | (92,679) | 107,050 | 136,920 |
| TOTAL FUNDS | 910,221 | (18,965) | 891,256 |
| Incoming | Rcsomcas | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General funds | 893,726 | (820,012) | 73,714 | |
| Restricted funds | ||||
| Restricted funds | 846340 | (938,919) | (92,679) | |
| TOTAL FUNDS | 1,739,966 | (1,758,931) | (18,965) | |
| RESTRICTED FUNDS | ||||
| 31.3.23 | 31.3.22 | |||
| Advice and bond scheme Pathway lettings developrncnt Furniture &crisis fund Travel Warrants Food Poverty Meutal Health |
fund | 12,296 45,826 12,994 10,452 55,352 |
77,293 24,848 12,092 6,796 5,281 18,655 |
|
| 136,920 | 144,965 | |||
| DESIGNATED FUNDS | ||||
| 31.3.23 | 31.3.22 | |||
| Redundancy OQicc furniture and equipment Database redesign Pathway lettings development Staffrelated costs |
fund | 48,500 60,000 |
f 50,500 6,000 9,600 203,511 |
|
| Properly maintenance Training PODS |
10,000 | 6,000 18,000 6,000 |
||
| 3,032 | ||||
| 118,500 | 302,643 |
| RECONCILIATION OFNET (EXPENDITURE)/INCOME TO NET OPERATING ACTIVITIES |
CASH FLOW FROM | |
|---|---|---|
| 31.3.23 | 31.3.22 | |
| Net (expenditure)/income for the reporting period (as per the Statement ofFinancial Activities) Adjustments for: |
(]07,029) | 88,064 |
| Depreciation charges Loss on disposal offixed assets |
22 323 | 15,222 |
| Interest rcceivcd | 2,431 | |
| (Increase)/decrease in debtors (Decrease)/increase in creditors |
(1,014) (3,247) (22,471) |
(1,708) 19,053 3,819 |
| Net cash (used in)/provided by operations |
(111,438) | 126,881 |
| At 1.4.22 | Cash flow | At 31,3.23 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank and in hand | 787,277 | (220,023) | 567,254 |
| 787,277 | (220,023) | 567,254 | |
| Debt | |||
| Debts falling due afier 1 year | (77,680) | (77,680) | |
| (77,680) | (77,680) | ||
| Total | |||
| 787,277 | (297,703) | 489,574 |
| 31.3.23 | 31.3.22 | |
|---|---|---|
| Within one year Between one and five years |
29,296 80,278 |
I 5,800 5,800 |
| 109,574 | 11,600 |
| for the Year Ended 3 | 1March 2023 | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations Grants Insurance claim |
6,737 37,392 5,343 |
6,321 15,564 2,006 |
|
| 49,472 | 23,891 | ||
| Other trading activities | |||
| Rental income Pathway 1ettings PODS rental income |
15,547 73,337 (1,906) |
20,028 46,449 3,032 |
|
| 86,978 | 69,509 | ||
| Investmeat income |
|||
| Deposit account interest | 1,014 | 1,708 | |
| Charitable activities |
|||
| Grants | 762,912 | 744,482 | |
| Total incoming resources | 900,376 | 839,590 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Salaries Social security Pensions Rent and rates |
617,921 43,355 11,353 22,686 |
475,216 28,844 7,961 18,867 |
|
| insurance | 2,181 | 2,412 | |
| Light and heat Telephone IT,printing &.postage |
7,926 11,625 38,088 |
4,274 10,513 19,364 |
|
| Advertising Sundries StafFtravel expenses |
996 4,165 21,219 |
5,995 2,488 13,042 |
|
| Subscriptions &,course fees |
10,208 | 9,624 | |
| Repairs maintenance | &.cleaning | 59,526 | 30,464 |
| Furniture fund expenditure Travel wanants Consultancy fees Recruitment costs |
2,726 5,676 9,344 375 |
3,846 7,470 6,425 415 |
|
| Rough Sleeper leaflets Professional fees Room hire |
&packs | 5,414 276 |
4,307 6,115 |
| Meal provision Motor expenses |
14,515 2,151 |
11,792 | |
| Carried forward | 891,726 | 669,434 |
| for tbe Year Ended | 31March 2023 | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| Charitable activities |
|||
| Brought forward | 891,726 | 669,434 | |
| Rough Sleeper | provisions | 8,004 | |
| Counsellors | 12,179 | ||
| Depreciation Loss on saic oftangible fixed assets |
21,204 | 14,230 2,431 |
|
| 933,113 | 686,095 | ||
| Support costs | |||
| Management | |||
| Salaries Social security Pensions |
51,429 4,744 891 |
45,156 3,892 796 |
|
| Rent &rates | 218 | 31 | |
| Insurance | 108 | 173 | |
| Light and heat | 427 | 240 | |
| Stationery & | telephone | 1,995 | 1,654 |
| Sundries | 214 | 160 | |
| Office repairs | 115 | 131 | |
| Suhscripdons | &course fees | 138 | 141 |
| Depreciation | 1,119 | 992 | |
| 61,398 | 53,366 | ||
| Governance | costs | ||
| Wages | 5,715 | 5,327 | |
| Social security | 527 | 454 | |
| Pensions | 99 | 91 | |
| Auditors' remuneration |
6,540 | 6,180 | |
| Sundries | 13 | 13 | |
| 12,894 | 12,065 | ||
| Total resources | expended | 1,007,405 | 751,526 |
| Net (expenditure)/income | (107,029) | 88,064 |