RF.(:16*TTr-KF.I) C()MPANY NUMBTr.R: 03062605 (F.n%ldnd and Wales) RF.I:lS>TF.RTr:I) CIIARITY NUMIIF"R: 1048218 Reporl of ihe Trustce5 and F-inaneial .Statements for the Year Tr"ndcd 31 Imarch 2024 for I'cmbroke5hirc Carc .S>OCiCty Ashmolc and Co. ChariL'rcd CcrtifiL.d ALLuunianis and Slalulory Auditors Williamsion I lousc 7 (Jodi Strcct I lavLrfordii'csi PLmbrukcshire SA61 IPX A5hmoTre & Co.
Pcmbrok'c5hirc Care Socicly Cuntent5 of the F"inancial Statements for ihe Year F"nded 311%larch 2024 Pa2C Rcfcrence A(Jministratii'c l)ctails Reporl of the Trustees Rcport of ihc Indcpcndcnt Audilors 12 10 14 Siatement of Tr"inancial Aclii'ilies 15 Balance ¢ihcct 16 10 17 Cash fr"loh' Siatemcnl 18 Noles to lh¢ Tr"inan¢ial Sitiilcment5 19 10 29 Dctailcd Sialemcnl of F inancial Ac11.•11es 30 to 31
l)embrok'eshirc Care Socicly Reference and Administralii'e l)etai15 ror ihc Year Tr-ndcd 31 March 2024 TRUSTF.Tr:S Mrs (J Morgan. Prcsidcni Mrs J l)avics Mr l) l.ucas Mrs A 'l'homas Mrs l. Iloii'den Mrs J Wordsi%'orth Ms S I larrinijion (rcsioncd 21.11 ?3) Mr S J05cph (rcsi¥nLd 26.6.23) Mrs M KLCS l)r A Khiin (appoinlcd ? l.11.2i) Mr J S I larris {appoinlcd 21.11 ?3) STr.NIOK %1 IANAC:k-.%lTr:,N-l- -%4iihaLI I loop¥r. Mdnaging l)irLLior 'rtthDIYC: AS PATI I I l)LmbrokLshirc tlclion for ihc I lomclcs51 RF.C.l¢il'F.RF.I) ()F"F ICF: 7 Piilon l)Idc¢' I la'C.rrOrdIi"e5I l)cmbrokc5hir¢ %A61 ?1.1-' RF.(:ISTF.KF.D COMPANY NUMBTr:K Oi06?605 (I'.n.land and Walcs) RE(:1STTr:KF.D CIIAKII'Y NUMIITr'R1048?18 AUDIT()K Ashniolc aiid Co. Chartcrcd LcrtilI Accounl(Ints and Stalulory Audilors willi4imslon I lousc 7 (Jodi Sir¢cl laverlordii'esl l)¢mbrokLshir¢ SA61 11)X
I'cmbrok'eshire Care Socict!. {Re2istered number: 03062605) Rcport of Ihc Trustees for the Year Tr-ndcd 31 Illarch 2024 'I'he truslces who arc also dircciors uf thc charil). for ihi PUrylQScs of tlic Coinpanics Act ?006. prcscnt thcir rcport i%'ith Ihc rinancial siaicmcnis of ihL chdrily fur ihc Near cndL.d J l M&irch ?0?4. '1'hc Iruslccs have adoplcd thc provisi()n5 ()r Accuuniing and Rcporting by Charilics.. Stalcincnl of Kccommcndcd Praciice <ippIiciible io chariiics preparing Ihcir accounls in aLLordance wilh ihc F inancial Reporting Standard Éipplicablc in ihe IJK and Kepublic of Ireland (I."RS 102) (crreclivc I January 2019).
Pcmbrokcshire Carc Sociel). {Re2ister(%l number: 03062605)
Reporl of ihc I'rustces
for ihc Year Tr-ndcd 31 March 2024
I)B.ITr",CTIVF.S ANI) ACI'IVITITr:S
l)bjeclives and aim5
'I'hL "I'rustC¢s of Ihc Pcmbrokcshire Carc Sociciv are plL
Pembrokeshire Carc.S>ocict)' (RcEislcrciJ number: 0306260$) Rcporl Dfthc Tru5tCCS lor the Year F.ndcd 31 ivlyrch 2024 Conflici Re501ution .Seri'ice Our confliLI rl'sululion Ic(Im mcdiatcs household dispuies. prcvcniino homcle55ncss and improving accommodalion rcleniiun. Ily. aljvnino Iliis scrvicc ii'ith mcniiil hedlih suppon. M'e aim io fosi¢r Pedceful resolutions and enhancc M'cll-bcing in ihc communii%'. 'I"his innov(Ilivc scrvicc h415 bccn funded duc lo a gencrous grdnt of £60.000 from the Nation,]de I'oundalion. Pathway Coun5ellin2 Since its launch in ScpiLmbcr 20?3, P(Iihway Counsclling has addresscd th¢ m¢ntal health challcngcs that often contributc lo homclcssness. In just a feiv months. i%'c'vc rcccivcd J17 refeal5. wilh demand continuing lo grow. ()ur service is now inlcgratcd with ) I Pdrtncr agcncics. cnsuring broadcr accc55 for ihosc in nccd. Numcrac). Projccl l.-undcd by thc UK Shared Prosperiiv l-und. Ihc Numcracy Projcct hclps adulis build confidencc with numbcrs and improvc emplovabilii),. -l-he projLLi has dlrcadi. rcachcd over l 00 learners from divcrse backgrounds and was reco8niscd by ihL' Wc15h (Jovcrnmcnl as a modLI of bL"si pf<lCIiLC. Public bcucfil W¢ h4lVC rcfcrrcd lo the guidancL conidined in ihc Chdril), Commission's gcncral guidancc on public bcnefii when rcviLwin8 our aims and objcctivcs and in pldnningi uui fulurL dcliviliLS. Our serviccs arc designed io aLhiL'vL' public benefit by supportino vulncr¢iblL individuals in Peinbrokcshire wilh a comprchensive rangc of advicc scrviccs. dcvcloping susiainable iLlldllLi¢S, dnd promoting community inlcoration.
Pcmbrokcshirc Care Societ!, (Re2istered number: 03062605) Reporl of ihc Trustccs for the Ycar Tr"nded 31 March 2024 ACIIITr"Vfr"MF.NT AND I'F.RTr"I)RMI ANCTr- Achicvcmcnl.s, Performancc Heneficiarics I)CS scrvcs vulnLrablL adulis duld 16 and above acru55 1)cmbrokcshirc. 'l-his pasl )'C¢ir, wc assislcd over ?,500 p¢opl¢ slru¥glin¥ with povcrty, housino i5SUCS (Ind hoinclessness. 'I'his ycdr Indrkcd a pcriod of orom'th 411)d succcss for PCS. particularls. in Ihe arca of InLnlal health suppon. Willi thc liclp or a £550.000 granl from Ihc IJK Sharcd l)rospLfiis' l.und. li'e eip4inded our mLllidl hLdlih counselling scrvices siginilicdnilv. What began as a modcst inilialivc grew inlo a comprchensivc programme. allowing us to hirc additional counsellors and cxtend servic¢ hours. 'fhc risc in rcfcrrals wa5 rcmarkablc. F rom ihc momcnt wc launchcd Ihc cxpandcd 5crvicc, Ihc d¢mand LXLLLded cxpcctdlions. r.ach day, wc wcrc f(Iccd wilh individuals sceking help, many of whom had ncvcr had accc55 to mcnl(Il hciilih support before. -l-he feedback has been ov¢nYhelmingly posilivc. C licnls havc sharcd sloric5 of how ihc counsclling sessions hilvc helpL'd IhL'm rcgiiin conlrol of ihcir lives iificr pcriods of uncLrtaint!' and hardship. ()nc scrvicc uscr shJrcd. 'I'hc 5uppor( I reLLIVLd has been life-changing. I now feel like I havL conirol OVLr mv lifL dOn.. Anoiher Sdid. -l-hc counscllors helpLd mc Ilirough Ihc darkcsl limes. I can't Ihank them enough. I'hLse sioriLS remind us ofihc profound impact thal mcntal hcalih scrviccs c(In have in prevcnling homclcssncss and rLsiorin¥ hopc. Anoihcr major success this year Wd5 Ihe Num¢rdfV I)rojccl. il'hich has orown froin strcngih io sirengih. 'I'his iniiidiivc has not only provided Pdrticipanis w'iih prdLliLal 5kill% bui hds also beLn higihliuhiLd ds dn Cxdmplc of bL51 pfdLIILL bv IhL IJK GovLmmcnt. Wilh lin initial grdni award of £405.47) from Ihc IJK %harcd Prosperil!, l-und. (lalcr incrcascd i0 £550,000) the projcLI r¢achcs individuals who often lacc barricrs l() (Icccssino cduc(Ilion. including oldcr pcoplc. disabled individuals, and Ihi)%c rrom ethnically minoritiscd groups. On August ? I sl. 20?4, Depuly Prime Minislcr Anocla Ra!'ncT MI) visitcd l)A'l-Il's Numcracy Projc¢t in I IdVLrfordwL'SI. which supports adults in improving numL'fdCV. cmplo!'dbilili'. and finanridl manaucmcni-faciors criiical to rcduLing hom¢l¢ssncss. During hcr visit, Mr5. Ral'ncr commcndcd thc projcci for offcring TaparOUnd support, including mcni¢il heal(h serviccs, in addition io numcrdcy skills. dcscribing il as an 'incrediblc cxtra thal pcople get. Mrs. Rayner engaged with learncrs. many of whom shared hom, th¢ project had not only enhanced Iheir numcracy skills bul also improvcd Ihcir mcnlal health. social confidcncc. and reduced isol(Ilion. Shc commcntcd, 'Ii's nol jusl thc numcrilcy. bul Ihc social inlcraction, Ihe confidcnce.. you can sce first hand ihe incredible w'ork that's going on here. -I'hc Dcputy Primc Minister also acknow'ledb)cd ihe brodder ch4ill¢n¥e5 facing social housing and discusscd how PA'I-I I's work in addressing ihesc issue5 hd5 bLcomL even more impurtanl ov¢r limc. On¢. Icdrncr. SdldS1ind Victor, spokL of hLr juurncy from cxpcricncing doincstic violcncL io runnii)g) a successful business. 'Ith Mrs. Rayncr praising hcr achicvcmcnl.. .1 o scc the lad), w'ho wcnl from domestic violLllcL dnd noi hdving numLfdLV skills. io running hcr own business and h¢iving the conlidcncc Ihal you can scc thcre... il's inLfLdiblL ihai ) OU Lan do ihdl. -l-he projccl operates in s¢veral v¢nu¢5 d¢ri)ss l)L'mbrokcshirc, makingj il acccssiblc to ih05c in both rural (Ind urbiill SLltiiigJs. .Larncrs havc 5harcd how the coursc has hclpcd Ihem feel more confideni in managying their finances. appl}'ing lor jobs. and making infomicd decisions in thcir daily livcs. 'I'he numbers speak for Ihemselves-OVLr l 00 l¢arn¢rs have bcnefited from the course. each onc taking sieps toward 41 morL' Sldbl¢' and sccurc futurc. Ai ihc heart of these succcsscs 15 a commilmcnl to collaboration. -l-hroughout the year. li'e worked closel), 'ith PcmbrokLshirL. Counly Council. Pilrtncr aucnci¢s. and oihcr oruanisations lo cnsurc that our services rcachcd thosc ivh() nccdcd ihcm most. -l-hc cxpansion of parti)erships ii'iih il differeni agenci¢s for our counselling serviccs and IhL development of rclalionships wilh privilic Idndlurds thruuuh PaihM{iy l.cllings hiuhlighi our ciforts lo providc holi51ic and sustaiiiablc support for our ¢liLnts. 'I'hcsc rclalionships tirc csscnii&tl in cnabling us to expand our rc¢ich dnd oflcr LomprLh¢nsiVC 5crviccs across ihc rcu ion. l)Jgc 5
Pembrokeshire Carc Society (Re2islered number: 03062605) Rcport of thc Trustces for ihe Ycdr F.ndc(J 31 March 2024 .01)king ahcdd. Ihc Iruslees arc c.Kciied aboui Ihc potcnlial for further growoh and innovaiion in our scrviccs. Wc drL ¥f4ll¢ful ror Ihc onooing support and funding from P¢mbrokc5hirc County Council (PCC), including £320,827 Ihis pasi ycar 11) provide Icnancy support scrviccs. 'I'hc dcm(Ind for mental health and numcrilL}' SUPPOrt continues to risc. and we are commiltcd to mcciing thai nccd wiih IhL' same dedication and compassion Ihat has dcfined our th'ork for ovcr 40 j'cars. Pdb)e 6
Pcmbrokeshire Care Sociel!, {Re2ist¢red number: 03062605) Report of the I'ruslee5 ror the Ycar Tr"ndcd 31 March 2024 FINANCIAL RF.VIF.W ljalancc Shccl Ilighli2hts As of ilsl M(Irch ?0?4, our balance shcel reflecis ihc financiiil challcngjcs cxpcricnced during Ihc ycar, but il a151) dcmonslratcs our slrong foundation for recovLr¥' and fulurc Or0]h.. Asscis Wc main(4iin a sirong assct base. wilh tangiblc assets al 19 Markei Sireel and 7 Piclon Place. valued ai £433,017. '1-hesL' assets provide stability and will be crucial as i*.¢ ¢¥plurL' M'(Il's lo Icvcr(Igc Ihcm for future dcvclopmcnt. Our currL'ni asscts, including cash ai b(Ink of £i8?,397. provide a degrcc of flexibility. allowing us to navigatc immcdiale hallcn(ycs while pursuing new opportuniiics. Rcscri'cs C)ur unr¢stricl¢d funds dccrcascd b!. £145.351 from the previous )'ear, re5uliing in a balancc of £608.985. whilc rc.striclcd funds grcw by £? 796 to £139.716. 1 loi¥cvcr. Ircc rescrfv'es siood Ill unl), £J l ?49. cquating to just ovcr one wcck's opcrating LXPLnscs, which is well bclow Ihc PC % p()licJ' ol. mainiaining) IhrLe Inonihs, rLscrves. -l-hc Iloard acknowlcdgTres Ihc conccrn raisLd bj. thi5 lom. ILvel of rLScfvLS. 'I'o dddrc55 ihis. WL hÉlVC L%labli%hLd a I'iniinLL Commiticc. supportLd b}, dn L'XPL'fiL'ncL.d Crdnli¢ld "Irust vulunlccr. M'hich mccts monihly. -I'his coininillcc is dclively exploring new funding opportunilic5 iind iinplL'inL'nting cosl-saving) Incasurcs to cnsurc thc charily's long-lcnn sustainabil ity. We arc also working closcly with iwo Icading consulianis to help H'iih income genLrilllOn. 'I'hc organis¢ilion also has a bond rcservc alloii'ing for ihe issuing of Bond Guaraniccs lo landlords on bch¢iif of homclcss LIILnis. As uf 31 st March ?0?4 thL Socict). lias a bond lidbilii!. of £ i 0.19$ and a bond rcscrve or £ i 0,195. Wc tilso h(tvc moncy under manab)emLni for ihL l.O¢iil Auihoril).. ii'hich is usL.d spL'cificiillJ' for bunds. rcnl in advance, whilL goods, landlurd Lnh(Inccmcnl5. Ir(IvcI M'(Irranls. non-prioril), bonds and rough slecpcr outreach packs. 'inancial Rcsults -l-hc financial statements for ihe year ended J I si Mdr¢h ?0?4 r¢fl¢¢i a ncl loss uf £14? 555. Whil¢ ihis prcslnis a ihdll¢nuL. il also rcflccls kc). mission-drivcn dccisiuns. 5lrdtcgDic priorilics. dnd Ihc incvitablc timing coinplcxilics fa¢¢d bv granl-funded hrfiritics. -I'his outcomc dcinonstratcs our uni¥dkLringJ coinmiimLlli iu mdkinb) d Idsling dilTLfLnLe in PembrokL'5hirL, LVLn when il means priorilising long-ierm impdcl ovL'r 5hurt-lerm financidl gain. Key Tr"3ctor5 Contributing to the IJOSS y of (Jf(Inl% A5 is coinmon in the charity sector. the liininb) of grdni rcceipis can bL' unpr¢dicidblc. l)elays in rccciving k¢y PdymLnis created a temporary gap beiwi'cn iYhLn COSIS 'l.rC incurrcd and M'hcn funds 'Cre rcccivcd, imp¢icling our financial results. crational Challen es Our Pathway l.ettings and Mainienance Servirc cncounlcrcd uncNpccicd opcralional hurdlcs and highcr-than-anlicipalcd costs. as a resuli of l¢gisliilion and COTnpliancc slandards. Wc madc the diLcult dccision to disband our maintenance team and rcmain commiiied lo the long-tcrrn susl(iinability and eIcIenC%, of Pathw'ay l.eitings. Priurilisin Lommunii Im (ICI In alignment with our mission. 'C strdtcg)iLdll!' gifiLd I.0 homcl¢ss pods to fornicr partncr organis(Ilion, rcducing rcntiil incomc but strengihening communitN" support. l. urthcrmorc. Ihc allocation of 19 Market Sirccl to our ne7%, fundcd mcntal hLalih and numcracy projccls. 'hIle dclKI)'ing rcntal income. reflects our dedicaiion io delivcring viial s¢rvices h¢re Ihcy arc nccdcd mosl. Page 7
Pembrokc5hirc Carc Societi. (Ke2islered numbcr: 03062605) Hcporl of thc Trustces ror the Ycar fr.ndcd 31 Mi arch 2024 A Proactive Approach to Recoi'ern, l)espitc Ihcsc findllcidl chdllc'ngcs. Ivc arc wcll-positioncd io recovcr. strengihen our financial position, and build a more resilient fulurL'. 'fhe Iloard of-l'ruslccs has implLmLnied a comprLhensiv¢ r¢¢uvL'ry plan Ih¢il Icvcragcs our asscts. cnhancL5 opcr¢ilional clTicicncy, and sceks new rcvenue sircam5 lo cnsurc our ongoing succcss. l . l..nhanccd Tr inancial Mana emeni We haN'¢ sirL'n(Jthcncd our financial planning and co.4h flow moniloring. aligning cxpcndilures more closely wilh grdnl reccipts and specific scrviccs. Workino closely with a Crdnficld .1 rusi voluniccr, we have implcmenled new manageinent accounting Syslcms to improve ovcrsighi and cnsurL" bcsi pracliccs. crational l." (ficicnc We are committed io dclivcring high-qualily scrviccs in ihe mosi cu51-clTcclivc W¢ly. Kcgular elTicicncy audits hclp us idcnlify arcas for improvcmcnt. cnsurin that our resources arc used effcciivcly. 'l-his focus on slrcamlining opcralions ensurLS Ihlil we can conlinue supporting our LoinmuniiN' ii'iihoul compromising ihc qualil). of our w'ork. 3. Revcnue l)ivcrsificaliun RcLogyni5ing ihc nccd for divcrsc funding sirLams. iTr'c arc acli%'cl!' pursuing ncii. granls. slrengihening donor rcliiliunships. and cngaging leading fundrdisinu consuli(Ints to assist il'ith impaciful campaigns. Ily bruddcning our cummunity suppc)rt ha.sc and cxplorinu innov(Ilivc partncrships. Ivc arc confidLni ihdl ,¢ can miljualc futurc financial risks and cnsurc loiig)_Icrin Susldindbiliiy. 4. siralcoic AsSCt Utilisalion Wc 4irc conducting a ihoruugh rcvicw of our iisscl ponlolio io cnsure Opiimal use of our rcsourccs. 'l-his includcs cxploriiig options to rcpurpose or gencrdl¢ incomc from undcrulilii.ed asseis. maximi/.ing iheir value for thc chiirily's ongoing work. 5. Strenotheninl) CoTnmuni Partnershi Coll(Iboration remains ai thL. hcdrl uf our mission. Ily aclivcly sirL'ngih¢ning rclalion5hips wilh communily partner5. we arc sharing rc50urces. reducing cosls. and cxploring joinl projccls ihai w'ill enhance our servicc dclivcry and crcatc morc significant communily impaci. 6. Monitorin and I'-valuation We have inlroduccd a robusi moniioring and CV411uation frameivork io irack progr¢s5 and cn5urc thc clTcclivcncss of our rccovcry slriilcgies. Clcar pcrfonnancc Inclrics dnd rLguldr fin¢incial and opcrdlional reviews will allow us to stay on Loursc. adapi qUlLkly, lind C¢lPltalii.c on cmcrging opponunilics. Piigc 8
Pembrokeshirc Care Sociel!, (Rc2ister¢d numbcr: 03062605)
Reporl uf the I'rustC¢5
(or the Year Tr-n(Jed 31 Imarch 2024
FINANCIAL RF.VIF.W
Principal funding sourcc5
Pembrokcshirc Care Sociciy is commillcd lo supportino ihosc 'hO havc bccn or arc at risk of homclessncss in our
communily. -l-his year. w¢ wL'rc dclju
.htcd to rcccive iH'o trdnsfonn¢liivc award5 from Ihc Shared Prospcrily I'und. tolalling
£955,473, specifically dcsignated to cnhancc our 5crvicc5 in Ihi5 crilical area:
Shared l>rosperity Fund - Mcntal Ilcalih: £5$0,000
l-his funding Sircngthcns our capacity lo deliver viial mcnlal hcalih counselling scrvices. a crucial support for individua15
facing ihc challcngcs of homelessncss or housing inserurily.
Shared Prosperity Fund - Numerac), I'rojeel: £405.473 subsequ¢ntl)' incrcascd to £550,000
-l-his funding empowers us to dclivcr a pionccring numLrac!' projccl. cquipping individuals wilh cssential skills io iniprovc
Iheir IivLS dnd incrcasc Ihcir chancLS of SLLurinu rfind rL'in(iining in slablc housing. Rcco¥niiion vf the succcss and impiicl or
Ihc projL'CI rcsulicd in a furthcr aw'ard of£144.5?7. Idk"ing ihc lolal lo the maximum available of £550.000.
'I'hcsc substanlial awards, alongsidc our oihcr kc), funding sircams. N'crc inslrumcntal in cnabling us lo cxpand our rcdch Lind
deepen our impact throughoul Pcmbrokcshire. Our oih¢r principal sourccs of funding for thc ycar wcre:
Welsh CJovernm¢ni Ilomclcssncss Prcvcnlion Cifdni Progrdmmc of £?17.9?O and a Supporting People (iranl of£320,827.
We also received an award of £60.000 from ihL Naiionwide Iluilding Socicly to establish a Conflict Rcsoluiion.
'rhis funding 5UPPOrts a conflici rc501ulion scrviccs. helping io m4iiniain posilivc rclationships and prcvcnl issucs that could
Icad lo housing instability.
Posl Cod¢ l.oltcry d'ard of £40.000 lo further Sircngihcn our mcnlal hcalth support scrvicc5, rccognising thc vilal link
betw¢¢n mcnl(Il wellbcing and housing 5l
Pcmbrok'cshire Care Sociel!. {Re%i5tcrcd number: 03062605) Rcporl of the Tru5tCC5 for Ihc Year F"ndcd 31 March 2024 STRUCTURF., GOVF.RNANCTr: ANI) MAINA(-F.MTr:NT (iovcrnance PCS 15 gjovcrned by a Iloard of -I'nisiL'c5. who &irc elected for ihrcc-!'Lar icm15. '1'hc Iloard ovcrsecs Ihc strategic direction and financial hcalih of thc charit).. -l-hc Iloard mL'cIs ciij .ht limes a i'ear. -l-his has becn sircngihcncd by sclting up Iwo funhcr CommillCL'S lo considcr both findncc dnd pcr50nncl maltcrs. -l-hc Iloard delcgaie day lo day managcmcnt to thc M¢inaging l)ircctor and the s¢nior manaocmcnl team. Managcmenl 'l-hc charity's OPLralioniil slructurc includcs rcg)ular inceiings of ihc full 130(Ird. a senior leadership team, cross-schemL coordinators, schcmc managcmcnl. and siaff. -l-his Ln5urcs cffcctivc communication, coordination, and ¢iccoulliabilily acr05S all levcls of thc oruanisation. Strdlcgic P141nning coniprchcnsive thrce-year business plan. dcvclopcd in ?02? ii'iih support from CiiThpas. guidc5 our aclivilics. 'l-his pl(In uuil incs our vision. mission. 5crvicc dclivcr%' iipproach. financidl posiliun. dnd kc). sl(Ik'choldcrs. -l-his is subjcct to rcgTrular rcvicw and is being strcngthcned by louking at coinprchcnsivc Aciion Plans for edch servicc arca. a55isl¢d by morc dctailcd managcmcnt account rcporling. Trustec Rccruitmenl and Indurlion Wc actively recruit iru51CCS Wlth divcrsc backg)rounds and ¢xpcrti5c io cnsurc clTcctivc governance. New Iruslccs rcceivc 41 comprchLnsivL induclion and access lo trdining upportunilics. Wc advcrtisc thc opponunity to bcLomc d 'l'ruslCL on uur website and through RLdCh. Risk management I)CS mainiain5 d robusl risk manageincnl framcii'ork. includino comprchensivc policies and proccdurcs. 'I'hc liisk RcgislLr is prcscntcd al each Iloard of-l ruslces Inccting for rcvi¢w and action whcrc nccessary. SI'ATTr:MF.NT ()F TRUS'I'F"F"S' KTr'SPC)IN%IIIII.11-ITr-S 'I'hc tru5lces {who are also ihc dircclors of I'ciiibrok'cshirL Care Socici), for Ihc purposcs ofcornpan), law) are respoiisible for preparing ihe Report of Ihc .1 rustecs and ihe finJnci¢il slalcmcnts in accordance M'ith applic(Iblc la. and United Kingdom Arcounling Siandards {Uniied Kin¥dom CJcncrall%' Accepied Accouniing l)r(Iclicc). Lompany law rcquircs the tnx51ecs lo prcparc financial 5ldlLmLnl5 for each financi(Il year which givc a truc and fdif VILW or thc sl(Ilc of affairs of IhL Lhdrilrfiblc cuinpan%' 4ind of ihe inLumingJ resourccs aiid applicalion of rcsourccs. including) IhL inLome dnd cxpcndilure. of the chariiablL Lufiipdn). lor Ihal pcriod. In prLPdring ihosc financial 5tatcincnls. thc Iruslccs are rcquirL'd io sclccl suitable ¢iccoulliing policics and Ihcn applli ihLm consislcnily. obscrvc Ihc methods and principlcs in ihe C hdrii%' S()RP. make judgcmcnls and cslimales ihdl arc rco5c)nablc and prudeni. prLPdre thc financial slatemcnis on ihc uoing concern basis unless it is iniippropriatc lo presumc thai the chiirildbl company will coniinuc in busincss. 'I'hL irustL¢S iirc rc5ponsiblc for keeping prop¢r (Iccounling rccords 'hICh disclosc wilh reasonable accuracy at any limc the rinancial Posilivn of the charitable companN' dnd io cnablc Ihem lo cnsure ihai ihe financial slatcmcnls compl), wilh ihL Companies Act 2006. -1-hcv arc also fLsponsiblc for salegudrdino ihL dS5cls of thc charitable companj. and hencc for taking r¢asvnablc slcps for Ihe prevcnlion and dciLclion of Iraud and oiher irr¢guliirilic5. Pdge 10
Pembrokeshire Care Society (R¢gist¢rcd numbcr: 03062605) Rcporl of ihe Trustees for ihc Ycar Tr"ndcd 31 March 2024 STATF.MF.NT OF TRUSTF.F.S' RF.SI)ON.SIBILII'IF.S - continued In sv far (Is Ihc Iruslccs (Irc aware.. thcrc is no rclcvanl audit inform¢tlion of which Ihc chariidble companls iiudiiors arc unaware: and IhL' Iru5tces have lakcn all steps Ihal thci. ou .hi lo have iakcn to makc themselves aware of an), relevanl audil infonnalion and io c5l£iblish that ihc (iudilors (Irc ai¥'4irc of ihat infonnaiion. AUDII'ORS 'l-hc iiudilors, A5htnolc and Co., will bc proposcd for rc-appointment at ihc forthcoming Annual General Mccting. Approved by order of the board of truslecs on ....... and signcd on its bchalf by.. Mrs A 'l'humas - .1 ruslce Pd47e I I
Reporl of the Indepcndenl Audilors to thc Trustc¢s of
l)embrokeshire Carc Socictv (Re%i5t¢red numbcr: 03062605)
Opinion
Wc havc auditcd the financial siatemcnis of Pcmbrokeshirc Carc Sociciy (Ihc 'chariiablc company'} for ihc ycar cnded
31 March 2024 which compri5c Ihc Si(Ilcmcnl of I. inancial Activiiics. the Ilalance Shecl. thc Cash l.-]0, Stalenicnl
Report of the Indepcnd¢nl Audilor5 lo the Trustec5 of Pcmbrokc5hirc Care Socict!. (Rc2ist¢rcd numbcr: 03062605) Rc5POllsibilitie5 of trustees As Lxplaincd more fully in Ihc St¢ltemcni of 'i-ruslcc5' Rc5ponsibililics. Ihc truslccs (,hO arc also Ihc dircclor5 of Ihc charitable company for Ihe purpos¢'s uf COTnpan>' laii.) (Irc rcsponsiblc for ihe prcparalion of Ihc financial slalcincnls and lor bcing s(Itislicd (hal ihey giiVL <1 IfuL and fdif ViLl%'. and for such inlcrnal conlrol as Ihc trustccs dctcnninc is iicccssary lo cnablc Ihc prcparalion of findncidl sldlcmcnts ihal arc frcc froin malerial misstatcmcnl. whcthcr due lo frdud or error. In prcparing the financial sidicmL'nis. Ihc Iruslecs are rcsponsible for assessing the charilable compan) s abililN' lo conlinue as a going concern. disclosing. as applicable. mdiiers rcldlL.d io gjoing concern and usino Ihc going conccrn basis of (Iccounling unless th¢ trusiccs cithcr inicnd lo liquidalc ihc charitable compan!. or lo cease operalions, or hav¢ no rcalistic altcrnaliv¢ bui to do so. Our responsibilities for ihc audil of the financial slatemcn15 We h4iVC becn appoinlcd as auditors undcr ScLiion 144 of ihc Charilies Aci 201 l and report in accordancc with ihc Acl dnd rcl¢vdni rcgulation5 made or having cffcct ihcrcunder. ()ur objcctives are to obtain rcasonablc assurance aboul M,hcihcr ihc financial stalcmcn15 a5 a wholc are frec from matcrial misslalement, whcthcr duc io fr(iud or crror. and to issue a Report of the Indepcndeni Audilors thal includcs our opinion. Rc4150niiblc assurance is a hig)h level of assuriincc. bul is nol a guardntcc ihal an (iudil conduclcd in accordancc with ISA (IJK) will always delect a mdicrial miSSiaicm¢'ni i%'hL'n it cNists. Mi55latcmcnls can arise fTom fraud or error (Ind (Irc considLrLd mdlL'rial if, individually or in ihL iltyng)rcL)ale. Ihc!. Lould reiisoniibl>' bc expccied io influence thc LconomiL decisions of uscrs lakcn on thc basis of ihcsc financidl sldlLI)Icnls. 'I'hc cxtcnl lo which our proccdurcs dr¢ capablc of dclccting irrcgulariiics, including fraud is dciailcd bclow: In identifying and assessing risks of m4iicfiiil missldlomcnl in rcspccl of ICgUIar1IIc5. including fraud and non-compliancc wilh l(Iws and rcgulalions. wc con5idLrcd ihL. follom'inu: nalurc of ihc charity and the secior in w'hich li operaics. the Icgal and regulatory framci*ork in 'hICh Ihc charilv operdtcs. and in particular ihosc laws and rcgulaiions that directly affcci thc financial 5talcmcnts or have a fundamenial ¢fT¢ci on opcralion5 cg Charilics Act 2011. hcrilih and safcly Icgislalion. re5ulis ufcnquirics of manaocmcnt and Ihosc char¥)cd iviih govcrnan¢c any maiicrs idLlliificd r¢l4ltin(? to thL chdrity's policics and proccdures for idcniifving. evdlualing and compl)'ing ivith laws and regulations. and whcihcr ihcrc wcrc any knoiyn instances of non coinpli(Incc. dclccling and responding lo the risks of friiud and whcihcr ihcre is any knowledgc of actual, suspected or allcg¢d frdud. thc inlernal controls cstablished io miiigJlc risks or rraud or non compliance with laws and regulaiions. As a result of pcrfomiing Ihc abovc. 'C did nol idenlif}' ans, kc), audii maiicrs relalcd to potcnlial risk of Iraud or non ompliancc wilh laws and rLgul<iiions. In addiiion io ihc dbove. our proccdurcs included. rcvicwing the financial SidlcmLni di5rlosurcs and tcsting to supponing documcniaiion to assc55 compliancc with rclcvani laws and rcguldtions cnquires of man¢igemeni and Ih05c chiirgcd wilh govcrnancc concerning aciual and poicniial liligalion and claims p¢rfum)ing an(lI]Cal proccdures lo ideniifN' any unusuÉil or uncxp(rled relationships that may indicate risks or material misstatcmenl due lo frdud review of minuies of coinmittec meetings wriiicn represcniations funhLr descriplion of our responsihilitic.% for ihL (iudil of ihc financial slatenicnts is localcd on ihc l--inancial KLpcirlinu Council's ivcbsiic at frc.vrg.uk.'(iudilorsrL"sponsibiliiies. 'l-his dLscriplion fonns part of our Rcport of Ihc IndcpendLnL Auditors. Pagc 13
Keport ofthe Independent Auditors to ihe Tru51¢es or Pembrokeshire Care ¢iocict)' {Kcgist¢rc(I number: 03062605) Use ofour report I'his rL'pon 15 tnadc solcl! to thc charitdblc compiinv's irusiees. as a body. in iiccordlincc wilh Pan 4 of ihc Charitl¢'.8 (Accounis and R¢ports) Rcgul4ilions 2008. Our (iudil work has been undcrtaken so that 'C might statc lo the charitablc compan) s Iruslces Ihose mdii¢fs WL ar¢ rLquirLd lo sl4ilc to Ihcm in an audilors. rcpori and for no othcr purposc. 'I'o Ihc fullcsl extent perniilted by law, wc do noi ilCCCPI or (issumc rcsponsibilil), to anvone oiher than thc charitable coinp<iny and the ch¢irilable company's truslccs as a bod!,. for our Éiudil work. for Ihis report. or for Ihc opinions wc have fomcd. ror (Ind on behalf ofAshmolc and Co. Chartercd Ccnificd Accountants and Sialulory Auditors Lligiblc io dcl as dn audilor in tcrnis of Scction l ? l ? of Ihc Compiinics Act 2006 Willi(Imslun I louse 7 (ioal Sirccl I lavcrfordwcsl l)embrokcshirc SA61 11)X l)atc- Paoc 14
Pembrok'eshire Care Societ), ialcmcnl of Tr inancial Actii'ities ror Ihc Year Tr"ndcd 31 Marth 2024 31.3.?4 -l-otal funds Unrcslriclcd funds Rcstrictcd fuiid 'I'otal funds Nolcs INCI)MF. ANII F.NI)OWMF.NT.S Tr"RI)M L)onÉltions 4tnd Icgacies 49.472 Charitable aetivitics Pilthwily Ictling, advice & bond scheme Supporting pcoplc scrviccs -I'ravel 'arran[ schcinc I'ood Povcrty Mcnlal I Icalth PaihH'ay l.cgal Numcracy Project 229.005 2?9.005 3?0.8?7 14,258 5,000 178.133 60.000 168,962 314.5i2 313.0?5 3?0.8?7 5.000 178,13i 60.000 168,962 10.500 115.524 ()Ihcr Irading aclivilics Investmcnl income 1?7,71 j 2.700 127.713 2,700 86,978 1.014 Total 466.?75 655.358 .121.63J 9011.)76 F:XPF.NI)ITUKTr. ()IY Charitable activitics Paihway Iclling, advice & bond schcmc Paihway leiiing5 dcvclopment Supporting PL'oplc scrvices I'urniiurL & crisis schcme -l-ravcl warrant scheme l-.ood I'ovcrty ML'llial I Icalth l)aihway l.Lgal Numcracy Projccl 48,670 361.911 16.04? 410.581 495.9?9 5,840 451,i77 4iO.047 1.789 4)0.047 1,789 l j,?04 4,000 193.80.S 14.514 180,706 13.204 4.000 191.990 14,514 180.206 5.676 17.0?9 28,828 1.815 Total 48?321 781.867 1.264.188 1.007,405 NTr"'I' INCOMTr-I(F.XI>*:NI)ITURTr:) Transfers bL.twe¢n funds {16,0461 (129.i05 > {1 ?6.509) 1 ?9.305 (142.555) (107,0?9) 17 Net movemcnt in funds (145.)51) 2.796 (142.555) (107.029) RTr:C()NCII.IATION OF FUNDS '] otal funds broug?hi fvrw'ard 754.i36 136.920 891,256 998,285 TI)TAL FUNDS CARRITr"D TrC)RWARD 608.985 li9.716 748.701 891.256 -l-he noies fumi part ofihcsc financial siaiemcnis Pauc 15
Pcmbrokeshire Carc Socielj (Re£ist¢red number: 03062605) Ilalance Shcet 31 Vi larch 2024 Unreslricicd runds Rcslricicd fund runds runds Notes FJXF.I) ASSF.TS .1 angiblc iisscls 12 447 736 445,608 464,763 CURRF.NT ASSF.TS l)ebiors Cash iii bank and in hand 41.980 15i,64i I 15?.091 382.397 101,8i2 567.254 ??8.754 195.62i 338,865 5)4,488 669,086 CRF.I)JTOR.S Amoun15 falling duc within onc year 14 (?9,)74} (129,639) (159.013) (1fv1.913) NF.T CURRF.NT ASSF.TS 166.?49 ?09.?26 375.475 504.173 T()I'AI. AS.Sb:TS LF.S61 CURR Tr:NT LIABILITIF.S 608.985 21?098 8?1.083 968.936 CRF.I)ITORS Amoun15 f(Illing due aftcr morc than one VL'dr 15 (72.J82) (72.38?) (77,680) NF.T AS¢iF.T 608.985 139.716 748,701 891,256 Unrestricled funds Rcslrictcd funds 608.985 1)9,716 754.336 l J6.970 TOTAL FUNI). 748.701 S91 ?56 'I'hc chariliiblc company is eniiilcd io LXL'mpiion from audit undcr Scction 477 ofthc Companics Acl 2006 for Ihc ycar cndcd 31 March 2024. 'I'hc mcmbcrs havc noi deposiicd noiicc. pursuanl lo Scclion 476 of ihc Comp1¢$ Aci 2006 rcquiring an audit of Ihcsc rinancial siaicmLnis. 'I'hc IrusieL'S acknowlcdgc Ihcir rcspon5ibililiL5 for (a) cnsuring thai th¢ chdrilablc coinp<in)' kccps Éiccounling rccords Ihat comply wilh Scctions 386 dnd 387 of thL Companics Aci 2006 dnd prcparing Iinancial slillLmen15 which uivc a Iruc (Ind f<iir viciv of ihc Siiiie uf alTair5 of thc charitable company as dl the cnd of cach finanLidl N'cdr rfind of ils surplus or dLficii for Clich findnciiil Ncar in accordance iviih thc rcquircmLnis of Sections 394 and i95 and ii'hich oihL'n%'isc coinpli i%'iih ihe rcquirLmcnts of ihc Coinpanics Acl ?006 relating lo rinancial siaiemcnls. so far as applicable lo ihe ch¢irildblc company. (b) -l-hcsc financial statcmcnts havc bccn (iuditcd undcr thc rcquircmcnts of Scciion 145 ofthc ChariiiL'S Aci ?0 I l. 'I'hc nolcs fonn part ofihLSC financial sldiemenis Pagc 16 conlinucd...
Pembroke5hire Carc Soeiel) (Regi5lcred number: 03062605) Bal¥ncc Shect - continued 31 March 2024 'I'hcsc financial stdtLmcn15 havc bccn prepared in accurdancc with Ihc provisions applicablc lo chariidblc comprfinics subjccl to Ihc sm4111 companics regimc. 'I'hc financial statemcnts w¢re approvcd by thc Ejoard of .1 ru51CCS lind authoriscd for issuc on and were signed on ils bchaifby.. Mrs A 'l'homds - 'I'nJ5tcc 'hc noics form part ofihcse financidl sliilcrncnls l>auc 17
Pcmbrok'c5hirc Care Societv Cash F"loM' Statement for the Year F.nded 31 March 2024 31.3.24 31.3.?3 Nolcs Cash flows from opcratin2 aclivities Cash gcneralcd from operalions 19 (187.557) (111.438) Ncl cash used in operating aciiviliL's (187.557) Cash flows from investing acli*'ilie5 PurchdSL of i(Ingiblc fixed asscis Interest reccived (187.279) 1,014 2.700 Nct cash providcd byl(used in) investing arlivilics 2.700 (186.265) Cash llows from financing actii-itics New loans in year 77.6x0 Nel cash providL'd by financing aclivitics 77,6XO Chan2e in cash 2nd cash cquivalen15 in the reporting pcriod Cash And cash cquival¢n15 al thc bcginning of the reporting pcriod (184.857) (220,02J} 567.?54 787,277 Cash and cash equivalcn15 a¢ ihc end of the reporlin2 p¢riod i82.397 567.?54 'I'hc notcs form part of ihesc financial slatcmcn15 Page 18
Pcmbrok'cshire Care Socictv Notes to th¢ Tr-inancial Siatemcnts f()r ihe Year F.nded 31 March 2024 ACC()UNTING I'OLICIF.- Basis of preparing the financial statcmcn15 I'hc financial slalcmcn15 of ihL Lhiiriliiblc coinpany. which is a public bcncfit cntily undcr l.'RS 102. havc b¢¢'n prcpiircd in ¢iccordance with the Chdfiii¢'5 %()KI' (I.-RS 102) 'Arcouniing and Reporting b), Charilics.. %talcmcnt or Kccommcndcd PrdcIicL applicablc to chariiiLS pfLPdrinu th¢ir iKcounls in accordance with th¢ I. inancial RL'puniniJ Sianddrd dpplicablc in the UK and KLpublic of Ircland (I.-RS 1021 (clyeciivc l Jdnuary ?019)', l.-inancial Rcponinn Standard l O? '-I'hc I'-inancial Reponing Sidnddrd applicablc in Ihc IJK and Kcpublic of Ireldnd. and tho Companics Act 2006. '1'hc financial stalcmenls hav¢ becn prcparcd under the historical cosi convenlion. Incomc All illLomc 15 rccogniscd in ihe si4ilLmcnt ol- l- inancial Acliviiies once ihe charity has cnliilcmcnt to the funds. il is probablc Ihal Ihc incomc will bc rcccivcd and thc dmouni can bc incasurcd reliably. F.xpendilure l.iabililics dre rccogniscd as cxpendiiure ds soon as Ihcrc is a Icgal or consiruciivc obligalion commiiiing the charily to that expcndilurc, il is probablc ihai <1 iransfcr of cconomic benefits ,11 be required in sctilcmcnt and thc ainount of Ihe obligation can be measured rcli4ibl!. l-.xpcndilurc is accounlLd for on an accruals basis aiid has bccn classificd under heading5 ihal a ¥grcgdtC lill cusi rLldlcd lo ihc calcnorN'. Whcrc costs Cdnnui be dirccily allributcd lo particular hL'adings ihc!. have been 4illoLdl¢d Ic) 4iclivilics on a basis cun5islLnL wilh Ihc usc of rcsourccs. Allocation and apporlionmcnl of cvsts Cosls h4hVC bccn allocaled ds far ds possiblc bcli¥ccn the cipendiiurc calcuoric5 of ihc Sialemenl of i--iiiancial Activilics on a bdsis dL'siiJncd to rcfleci ihc usL of Ihc rcsourcc. Costs relaiing io a pilrtlcul( aclivit). (Irc allocatcd dirccily. others hdvc bccn apportioncd based on ihc cslimatcd usage of Ihe resource. Suppon cosls rcprcsenl ihc cosis of tnaintainino the 01CC premisc5 and Ihc socictl s equipment, and ihe maniigL'incnt ofihe charitics asscis and cumplianrc ii'iih consiiiuiioniil dnd sldlulor). rcquircmcnts. 'ranxiblc fixed assets l)LprLciatiun is provided ai ihe folloi%'ino annual ralcs in order io ii'rilL OIT ihc cosl of each asset over lis esiimdied uscful lifc or, if held undLr a findncc IL'asL. 0er ihL Icdsc IL'rtn. M'hichcvcr is thc shoricr. OlLe cquipmcnt Compulcr cquipmcnl Molor Vchiclc l-rcchold property 150/0 reducing balancc Sirdighi linc ovcr i )'cars ?OO/o rcducing b<ilancc 20/0 on cosl Taxation -l-hL Lhiifity 15 excmpt from corpordiioll i¢lX on its charilablc dciivilies. Fund accountin2 -l-hc accounis di4tinguish bcliveen resifici¢d and unrcslricled funds. lJnrc5trictcd funds arc those H,h¢rc thcrc (Irc no cxlemdlly itnp05cd rcstrictions. -I'hL'SC include thosc frcel!. avdildblc to thc charil}' for cxpcndiiurc in accordancc with thc charilablc objectives or 4ippropri(Ilion to reserves for inicrnallv dcsignatcd purposes. Rcslricted funds Cdn only be uscd for Pdniculor rcslrictcd purposes H'ithin ihc objccls of the charity. Restriciion5 arisc whLn specified by thc donor or ii'hcn funds drc riiiscd lor particuldr rcsificicd purposcs. l. urthcr cxplanation of ihc naturc lind purposc of elich fund is includcd in the notes io ihc financial slalcmenls. 'cnsion costs and other pos1-reliremi.nt bcncfJ15 -l-he society OPLratcs a slakcholdLf PLnsion srhcinc. Conlribuiions pa)'ablc for the ycar arc chargcd in thc Siatcmenl of l-"inancial Aclivitics. Pauc 19 coniinu¢d...
Pcmbrok'c5hire Care Society Notes lo the Tr inaneial StalcmcntS - Colltinucd ror thc Year F-ndcd 31 .%1arch 2024 D()NAI'IONS ANI) I,Tr:(-ACITr: 31.3.24 l)onaiion5 Granls In5urancc claim 15,035 6,737 37.397 5.343 49,47? Gr¢ints rcceived. included in the abuvc. are as follows.. 31.3.24 31.3.23 Kickslan Schcmc Ori¢lion Ilusiness Scrviccs l.ld I.NG South Ilook Milford I lavcn Port Authorily 7.392 20,000 5,000 5,000 37.392 ()'riiF.R TRADING ACTlVI'fiF. 31.3.24 31.3.23 Rcnlal incomL' Pathwily leitings POl)S rcnial incomc Menial Hcalth Services incomc 29.654 96.244 15,547 73.337 {1,906) 1,815 127,713 86.978 JNVESTMTr"NT INC()MF. 31.3.24 31.3.23 l)cposit accouni inicrcsl 2.700 1,014 conLinu¢d...
Pembrokcshirc Carc Sociely Notc5 to the Tr inancial Siatemcnt5 conlinucd fur the l'ear F'ndL.d 31 N1arch 2024 INCOMF, FROM CIIARII'ABI.F. ACTIVITITr:S Aciivilv I)d1hal, Ictling. advicL & bond schcmc Supportino peoplc SLrvicLs .1 r(IvcI Il'arranl schemc l-ood PovLrt}' Mcntal I Ic(Ilih )dihis'(Iv l.coal Numcrac )' l)rojeci Granls CJranls CJranls Granis Grant5 Cjrants Grants 229,005 320.827 314,532 313,0?5 5.000 178.li3 60,000 168.962 10,500 115.524 976,185 762,912 Grants reccived, includcd in ihc iibovc. arc as follows: 31.3.24 31.3.23 W(i Advicc. Rcseltlemcni & Ilond Schcinc 'l-ravcl Warrants SP Qicncric Suppon Servicc ?17.9?0 14.?58 320,8?7 6.387 4,698 40.000 5,000 217.920 313.0?5 6.051 14,209 PCC Rough SILLpcr Outreach Work Poslcodc Coininunily '] ru51 I)CC I'ood l)ovcn! Support WCVA Communii). Assci l)Lvelopincni l.und WCV A Social 13usin¢ss (Jrvwih l-und I Iwycl l)avies L.egdC}' l.und Nationwide Community Qirant UK Shared Pr05pcrity I'und 10.500 51,787 24.565 115,524 60.000 307.095 976.185 76?.912 CIIARITAIII.F. ACTIVII"IF.S C()S>T.¢> Support costs (sec note 7) l)ircci Losls l)athTh'ay Iclling. advice & bond SLhcm l)aihway lelling?s dcv¢lopmL'nl Supporting people scrviccs I'-umiture & crisis schcmc -l-ravel warrani s¢hcm I'ood l)ovcrt)' Mcntal I lealih Pathway l.egal Numeracy Projcci 375.44? 16.042 389.?90 1.789 13.204 4.000 19i.805 14,514 180.206 35,139 410.581 40,757 430,047 1.789 13,704 4,000 19J,805 14.514 180.106 1.188.292 75.896 1,264,188 Pag¢21 continued...
Pcmbrok'cshire Care Socielv Noles tu thc Tr-inancial Sialemenls - continucd for (he Ycdr F.ndc(J 31 March 2024 SUPPI)RT COSTS Govemance cosls Managcmcnl -] otals Pathway lelling, advicc & bond schcmc Supporting people scrviccs ?8.560 6,579 7.398 40.757 61,919 13,977 75,896 Support costs are ralculalcd as a proponion ofcxpcnsos bascd on administralion staff time. NF.T INCOMF./(LXPTr-NDITURF:) Net rc50urccs arc slaicd drier ¢hargin(pl(crcditing)- 31.3.24 31.3.2) l)¢prcciation - owned dsseis Auditors, rcmuncralion ()thcr accountancy scrvice5 19.155 2,700 6,662 4.650 TRUSTF.F:.S' KF.MUNF.RATION ANI) IITr"IYF.Tr-IT. -l-here WLrc no iru51ccs' remuneration or other bcnefits for Ihe year cndcd 31 March ?024 nor for Ihc year cndcd 31 MI(h 2023. Trustees, ¢xpense5 -rhcrc wcre no trustC¢s' cxpcnscs paid for ihe )'car cndcd 31 March ?024 nor for the year Cndcd 31 March ?0?3. io. STAFF COST*> Wagcs and 5alarics Social 5ccurity costs Othcr pension costs 830.437 61,595 15,892 675.065 48,6?6 907,924 736,034 'rhe average monihly numb¢r of cmplovces during ihe ycar ivas as follows= 31.3.?3 Adminislralion Advocacy & Support 34 41 No cmployecs rcccivcd cmolumcnls in CXCLSS of£60.000. Pagc 72 conlinucd...
Pembrok'eshire Care Society Notc5 to thc F inancial Sidtemenls - ¢onlinucd fur thc Yedr Tr-nded 31 Mi arch 2024 COMI)ARATIVF"S Tr()R TFIF. STAI'F.MF.NT ()F" Tr"INANCIAI. ACTIVITIF.5- 3110312023 lJnrLsiriclcd Rcslriclcd runds fund l-oliil fund5 INC()MTr: AND b"Nl)I)WMTr.NTS F R()M l)onations and Icg41CICS 27,728 21,744 49.472 Charitable activitlC5 Pathway Iclling, advice & bond schcmc Supporting pcoplc scrviccs 1-ravcl warranl schcme I'ood Povcrty Mcntal I lealth 314,532 314,532 313.025 9.3) I 10,500 115.524 313.025 9,331 10.500 65,524 50.000 Oiher trading activities Investment income 86,978 1,014 86.978 1.014 Totyl 478.745 421.631 900.376 :XPTr:Nl)ITURF. ()N Charitablc activities Paihway l¢iiing, (Idvicc & bond scheme P<iihw¢ly Icttings dcvelopmLni Supporting pcoplc sLrviccs urnilure & crisi5 scheme -l-ravcl warrdni schcmc I'ood Poverty Menial I lealih 27.191 468.738 5,840 11,745 49.5,9?9 5,X40 451,J77 ?.726 5.676 17.0?9 28.828 439.632 2.7?6 5.676 17.0?9 28,828 Total 469.549 5J7,856 1,007.405 N&:T INC()MTr-I(Tr:XPF.NI)ITURTr:) 9,196 (108,180) {116.?75) 108,180 (107.0?9) Transfcrs between fund5 Nc¢ movement in funds (98.984) (8,045) (107.029) RF.C()NCILIATI()N ()Tr" F"UNI)5 -[ otal lunds brou .Iit foTh%'ard 85).J20 144.965 998.285 TOTAI. FUNDS CARRIF"I) fr"()RWAKI) 754.i36 1)6,920 891756 onlinucd...
Pcmbrokeshire Care Socict). Nolc5 to thc Tr inancial Stalements - cunlinued for the Year F.ndcd JI March 2024 12. TANGIBLE FIXF.D ASSF."r.s I'rcchold propcn>' oirice cquipnicnl Motor vchiclcs Computer cquipmcnl -l-otals C()ST Ai l April ?023 and 31 March ?0?4 475.8?1 21.49? 4.999 60.674 562.986 I)Tr:PRF.CIATION Ai l April 20?3 Charge for year 1,000 800 50.)56 7,652 98,223 19,155 9.517 1,186 At 31 March 2024 14.766 1,800 58,008 117.i78 NF.T B()()K VALUTr. At 31 March ?0?4 43J.017 6.726 3.199 2,666 445,608 Ai 31 March 2023 44?.5J4 7.912 3.999 10,318 464,763 DF.BI'I)KS: AM()UNTS Tr-AI.I.IYI (: l)UTr" Wll-IllIN I)NTr" YTr"AR 31.).?4 31.3.23 l)ebtors Prepaymenls 137,502 14.589 86.975 14,857 152,091 101,83? 14. CRF.DITORS: AMOUNI'S F"ALLIN(: I)UTr. WITIIIN ()IYF: YF.AR 31.3.23 Other loans (sec nolc 16) Creditors Social sccurity and othcr taxcs VA"1" A¢cruals and dcfcrrcd incomc 49.265 12,i25 81.793 127,584 159.013 164.913 In¢ludL.d within accruals and dcfcrrcd income are dmounis thai ihe Charii), is holding on bchalf of ihc l.OCiil Authority I lousing dcpartincnl and thc l.ocal Authorii%' SoLial Scrvices departmcni for ihc purposc of i55uing b()nds to landlord5 on bchaif of the Chiiriiy's clicnis. Also inLludcd arc ilTnounts rccoivcd from I'cinbrokcshirc Luunty Council for ihc purposc of a5515tino landlords ,]lh Ictling fces as 'ClI as an iimount for assisting individuals to purcha5c household itcms M'hcn Ihcy do nol have any other means of funding. As at 3151 March 2024 I'cmbrokcshirc Larc Sociclj arc holding £27.142 (2023 £31.915) on behalf of ihc I lousing d¢pdrtmL'ni, H'hcrc aclivc bonds (It Ihc year cnd dmouni 10 £47.34J (?0?3 £47,173). and £nil (?0?" £nil) on behalf of the Social Scrvices depanmeni of which iiclivc bonds (It ihc ycar cnd amount lo £850 (2023 £850). l?ai?c 24 continucd...
Pembrokeshirc C8re .Socicly Nut¢5 t() Ihc Tr-inancial Statements Continued for Ihc Ycar Tr-ndcd 31 Nlarch 2024 15. CRF.DITORS: AM()UNTS FAI.I.IIYC- I)bF" A TrTTr.K MC)RTr" TIIAIY OliF. YF.AR OihL'r luans (see note 16) 72,382 77,680 16. LOANS An analysis of the malurily of Io(In5 is given bcloiv.. 31.3.24 31.3.23 Amounts falling duc wiihin onc )'ear on demand-. Other loans 5,?98 Amounts falling due bciwe¢'n iwu lind fivc ycars= ()Ihcr loans - 2-5 vcars 33.092 3i.092 Amounls falling due in mor¢ than fivc )'cars= Repayablc by inslalmenls= Othcr loan5 morc 5yrs instal 39.290 44.588 -l-hc loan amount is thc rcpavablc assistance clemLni of ihe Comtnunily Asscl I)cvclopincnl F und (CAI)l.-) rcccivcd l¢lSt year. 17. MOVF.Mb:NT IN Tr"UNI)S Net movcment in funds -I'ransfcrs bctwcen funds Ai 31.3.24 Ai 1.4.23 Unrcs¢ricled funds (icncral funds 1)¢5ignalcd funds 635.836 118.iOO (16,046) (145,805) 16.500 473,985 135,000 754,ii6 (16.046) (129.J05) 608.9115 Rc5trictcd funds Reslriclcd funds l J6.9?0 (176.509) 1 ?9.305 1)9.716 TOTAL FUNDS 891 ?56 (14? 555) 748.701 P(ioc ?5 continucd...
Pembrukcshirc Care Sociely Notes to the F"inancial Sitatemenls Continued fnr ihc Ycar Tr'nded JI Vl¥rch 2024 17. M()VF.MF.NT IN FUNDS- continucd Nct movemcnt in funds, includcd in the abov¢ ils lollows.. Incoming rcsources Rcsourccs expendcd Movcmcnt in funds Unrestrieted funds General funds 466,275 (482,321) (16.046) Rc5triclcd funds RL'slriclcd funds 655,358 (781,867) (126,509) TO'I'AL FUNDS 1.121,63) (1 ?64.188) (142.555) Comparatives for moi'cmcnl in funds Nct muvcmcnl in funds Transfcrs beiwccn funds Ai 1 .4.22 31.3.23 Unreslrictcd fund5 CJl'ncral funds l)csignatcd funds 550.677 )0?.64) 9,196 6)5,XJ6 118,500 (184,14)) 85i.i20 9.196 (108,180) 754.336 Restri¢tcd funds ResiriLIL'd funds 144.965 (116.225) 108.180 136.920 TOTAL Tr'UNDS 998.?85 (107,0?9) 891.256 Comp¢iralivc nct movemcni in fund5, includcd in ihc abovc arc ds follows- Ii)coming rcsourccs RLsuurce5 exnded M()vcinciil in funds Unrcslricted funds (icncral lunds 478.745 (469,549) 9,196 Kc5tricted funds Rcstricted funds 421.631 (5J7,856) (116.225) TOTAL FUNDS 900.376 (1,007,405) (107,029) Page 26 coniinucd..
l>embroKcshire Cgrc Socicli. Note5 ti) lh¢ Tr inancial Sialementq - conlinued (or the Year Tr"nded 31 .Mdr¢h 2024 17. MOVF.MENT IN FUNI)S- conlinuc(J A currcni year 12 months and prior y¢ar 12 months combincd p05ilion is as follows= Nel muvL'mL'nt in funds -I'ransfers bctwcen funds Ai 1.4.22 31.3.24 Unrc5trictcd funds (icncral funds l)esignaicd funds 550.677 iO?.64j (6.850) (69.842) (167.64)) 47i.98.5 l J5.000 85i.320 (6.850) (?37,485) 608.985 Restrirtcd funds RL'slrirlcd funds 144.965 (242.734) 237,485 139.716 TOTAL FUNDS 998.?85 (?49.584) 748.701 A currcnl ycar 12 months and prior )'C<)r l ? monih5 combincd ncl movcmcnt in funds. included in thc abovc arc as follows- Incoming rcsourccs Rc50urccs cxpcndcd Movcmcnl in luiids Unrestricted funds (icncral funds 945.020 (951.870) (6.850) RL5triclcd funds R¢slriclcd funds 1.076.989 (1,319,723) (242.734) T()TAL FUIYDS ?.07?.009 (2.?71.593) (?49,584) Pd¥e ?7 continucd...
Pcmbrokeshire Care Societv Notes to the Tr"inAncial Statcmcnts - continued for the Ycdr F'n(Jcd JI March 2024 17. MOVTr:MF.NT IN FUNI)S- continued RF.STRICTF.D Tr"UNDS 31.3.23 Advicc and bond schcmc Pathway Icttings dcvclopmcni fund I'urniiurL & crisis fund 'I'r<ivel Warrants l-ood Poverty Mcnial Elcalth NumeraLy' Projccl )athway l.cgal 5,154 29,784 16.5i4 11.506 1.000 41.495 (11.244) 45,487 12,296 45,826 12.994 10,452 55.35? 139.716 136,920 I)Tr"S1(:NA'I'Tr"D TrUND 31.3.?4 Redundancy Pdihway Icltings devclopment fund Property mainicnancc 65.000 60.000 i 0.000 48,500 60.000 10,000 li5,000 118.500 18. RF.LATfr"D PARTY DISCI.()SURF"S 'rhcre were no rclaied partv Iransaclions for Ihe )'car cnded J l March 2024. 19. KF.C()NCII.IATION OTr NF"'I' F"XIJTr-NI)ITUK&. TO NTr.T CASII F"LOW F"ROM ()I)F.KATIIY(: ACTIVITITr: 31.j.?4 N¢1 ¢xpcnditure for the repurlin% period (85 pcr ihc Siatemenl of Tr-inancial Aclivities) Adjuslmenls for: Dlprccialion chargcs Inlcrcst rcccived Increase in debtors D¢cr¢asc in crcditors (142.555) (107.029) 19,155 (2.700) (50.259) (11.198) 72.3?3 {1.014) (i,247) (?2.471) Ncl cash u5cd in operations (187,557) conlinuLd...
¢mbrokcshirc Care Societ Note5 to the Financial Siatcmcnt5 conlinucd for the Yl'dr F"nd¢d 31 .Iqarch 2024 20. AIYALYSIS OTr CIIANI:b:S IN NTr:T TrUI%I)S At 1.4.23 Cash l]ow Ai 31.3.24 Net cash Cash at bank and in hand 567.254 (184.857) 38? 397 567.254 (184,857) 382,397 l)ebt t)ebis falling duc within l ycar Dcbts falling duc after l yedr (5.298) (5.298) (7? 38?) (77.680) (77,680) (77.680) Total 489.574 (184.857) 304.717 21. OI'Tr"RA'fiNG LF.A61Tr:. Minimum lease paymenis under non-canccllable operating Icascs fall duc as follows- 31.3.24 31.3.23 Within onc ycar IIL'lwccn onc and five )'cars il.974 56.78? 80.778 88.756 109,574
)¢mbrokcshirc Carc Socictv Dctailcd S*tatcmcnt of F inancial Aclii'ities for the Year Tr"nded 31 Imarch 2024 31.3.24 31.3.23 INCOMTr: ANI) F.NDOWMF.N'rs l)onation5 and le28eies l)onalions Gr(Inls Insurance claim 15.035 6,7i7 37.)92 15,035 49.472 Other Iradin2 aCtiYitie5 Rental in¢om Piiihwlly letiings )()1)S rental income Mcnlal I Icalth Serviccs incomc 29,654 96.244 15.547 7i.3i7 (1,906) 1.815 1?7.713 86.978 Inv¢51m¢nl income l)cposil account intcresl 2,700 1,014 Chyritablc activilies Grants 976.185 762.912 Total incoming resourccs 1.121,633 900.376 EXPF.NDITURE Charitablc activities S¢il¢irics Social security Pensions Rcnt iind ralcs Insur(IllCC .ight (Ind hcal 'I'elcphone l-l.. printing & p05tagc AdvLrtising SundriL'S %ialT Iravel cxpenses Subscriplions & course feLS Kcp(iirs maintenance & clLaning I'urniiure fund expendilure -I'ravel 'arrantS Consultancy fLcs Cdrricd fOard 77?.696 56,241 617.9?] 34,377 6.57? 10.607 ?2.686 2.181 38.0118 996 4.165 3.718 20,913 10.?08 59,526 2,7?6 5.676 74.015 1,789 13.204 1,105,855 868,995 -his P<ige duL'S noi fvm part of Ihc slalulory findncial siaicmenis Page 30
)cmbroke5hirc Care 5ocicli' l)elailed St8lemenl of F"inancial Aetii'itics ror the Year F.ndcd 31 March 2024 31.3.24 31.3.23 Charitable activilics Ejroughi forn¥ard Eiccruilmcni cosis Rough Slecpcr Icaflct5 & packs Prof¢55ional fccs Rooin hirc Mcal provision Molor cxpcnscs Rough Slccpcr provisions Coun5cllors Inpul V A-l- claimed Deprecialion 1,105,855 72 2.961 1,701 6.671 4,000 1,4)8 4,180 45,596 (2.47)) 18,291 868,995 i75 5.414 276 14,515 2,151 8,004 21.204 1.188,292 933.113 Support costs Mand2ement S(Il(Irics Social sccurity Pensions Rcni & raics Insur(Incc l.igTrhi and heat Sialioncry & lelephonc Sundrics OtTicc repairs Subscriptions & course fecs l)cprcciation 51.967 4.819 1,398 ?91 ?60 454 4.744 891 ? I 108 427 1.995 214 177 ?60 162 864 138 61,919 61,398 C*overnane¢ costs Wage5 Social sccurity Pcn5ions Auditors, remuncration Sundries 5.774 535 155 7,500 5.715 5?7 99 6,540 13.977 12,X94 -[ otiil rcsourcc5 cxpcndcd 1,2fv1,188 1.007.405 Net expenditure {14?,555) 1107.029) I'his pagc docs not fonn part of thc sidiuiory financial slalcmcnts Page31