REGISTERED COMPANY NUMBEIL. 3341148 IEngl¥Dd and Wales) REGISTERED CHARrrY NUMBEK. IIA61839 UD*udiknl F#11 Statatt¢nts for the Yar EDded 31 March 2023 ror CyDgor *r Btsh certd1gu Ctiize AdviLT Brnu AshmolE and Co. Williamston HOSe 7 Goat Street Haverfordwe5t Pembrokedtire SA61 IPX Cywr #r Bopeth Cer¢thgioD CitTU CoDtents of the FiDaD¢lAI St*tements for the Y¢ar Eded 31 Mar¢h 2023 Referettce *nd AdmiDtstratiYe Det*1 Report ofthe 2 to 10 Ittd¢d¢tht Etsm}De$ Rewrt li StatemeDt of Fi¥aDcial Athltie8 12 B8ian¢e Sheet 13 kn 14 Cash Flow Statsment 15 Notrs to the Casb Statement 16 Notss to the Finstteknl Ststements 17 to 29 D¢tsSled Ststerleut ofFTnamdal AelivltsL4 30 to 31 Cykgor ar Citkne Advice Bureau for the Yt#r Ettded 31 MArtk 21123 P Hinge D M Jam&8 C Davies J wall (r11 24.423) S P Strdtton tk O Olusanya 24.10.22) J SayLZ (restgnryj 27 10.22) C Pry (Tesiwj 8323) COMPANY SECRETARY REG]STERED OFFICE Napier Str Cardigan ceaIg10 SA43 ISD 3341148 (Fll8 Waks) NUMBER REGTSTERED CHARrrY NUMBER 1061839 INDEPENDENT EXAMINER Ashmole arnl Co. Williamston H(K 7 GoAt Street Haverfordw Pembrokeshijr SA61 IPX BANKERS PO Box 250 Sk¢lmersdak WN8 6wr Nationwide Building kniety Nationwid¢ HIM Piper5 Way Swinthjn SN38 INW Pwl CynEor ar Bot*th CeTedlgloD CItiz£ Advitt Burna Rert of tbe Trustffs for tbe Year Ended 31 MaTeb 2023 The Tnths. who ar¢ also the DIr$ for puryw of th¢ Companies Act 20(. tt*ir arU81 fEP)rt with the financiol staternents of the Ch&ity' for the year eNled 31 &t March 2023. The w0vi#onS of Accounting and Reporting by ChIlle5.. Statement of Recommended Practic¢ (SORP) applicable to ¢harili&8 preparing their ¥counts in accwdance with th¢ charitieg SORP (FRS IW2) have been thyted in prerIng the attached fiDan¢1 ateM. ORIEcfivES AND A1VITIEs Objectlvts #nd aims Public benefit & charitable t)bjeds The eh&ritYs Qbjtt &s set out in the objects contsined tn COmpaS Memor&¥Jum of Associatio]4 are to promote any charttabk Purpose for the F£nefit of the whole community of Wat¢5 (Tr area of t*nefit") th¢ public b¢nefiL by the advanwnent of education, thc pro10 al w¢5ervation of IKalth and th¢ reliefof wjvty, sickness and dists*ss. The ch&rty$ objects are {fin &4 abov¢. Ow#itns are fooffjwj on: Providing the thice pyle t)e&l forthe pmblems they fxe Improving th¢ policies 8Dd practices that offt w*pl¢'s lives Our Service provKles frK tndependenL ConfidrtIal 8TKI ntial thi¢e to evwon¢ on thetr rtghts and r&4PCtnsibilities. We value dÈversity, prornok equality and challenge discrmination. Th0 the area of b¢n¢frt tefers to the whole c(xnmunty of Wale& the l(nl office fe$ its a¢ttvities in ced18•0 North P¢mbrokeshire and summmding 8t. Eosurlng ourwork dtliv¢rJ 4)llr *iws We revi¢w our obj#*ives 8nd titIeS each yw as of our Busill PI8Ttning cycle. The arLnual review examines a¢hievements and outcom4 and iing our serviL¥ so that it meas the ne& of tk clients we are tying to support particulaxly in the contextofthe escalating CO&.11¥Ing crisi8. Key activiti have included.. Continuing to delivw effe(ttve remote servÉc¢s- via phiTrne, email and vido). Introducing new remote channels of thic¢. sificalfy via WhatsApp. Mewger and Text. and rebJrning to in.person aptx>intrMents tn conjw]ction with partners organisations at str&egic l(utions xros$ the ¢OUEty. CoT]tinualty reviewin& and rdIng ways of impn)vE the quaity ofthe athce we deliver to all our clients. Increasing ourpatknership work to str*)¢n our aece55ibility to vulnerable people comrnunities. and ¢0 stttngtIn our strategic POSili amongst14xa] service provid¢r5 and the widu vice cornmunity. Ensuring w¢ have a d¢pth of exwtise in key ar of client demand- spxificalty. welfare benefits, debt and Investing an targ¢te& COTnmunity level advice Se10¥ to JY&h new ¢liaJt8mups and m8Tkd ow servi¢e5 iwond our ¢stsblished ¢lienL HOW OUR ACr1v[&s DELIVER PUBLIC BENEF Our activities and who we ty to help are desusbed below. All our clwitabIe activiti&8 focw on providing the advice ople need for the problenL% th¢y face s1 are dertaken wifiizlty to provide public benefiL The knard of trustee5 hav¢ had due re8ard to the Ch8rtiy Commissi(m guidance Im public benefft and hav¢ complieAI with the duty in sKtion 4 of the chltieS Act 2011. P4e2 Cywrar Bowb C¢Trdigion Ciliyt Advitt BwT¢au Report of ¢be Truste for the Yr Ended 31 Marcb 2023 STRATEGIC REPORT Acbievewenl and perfonllam ACHIEVEMENTS AND PERFORMANCE Advice and Infomiation Services The Tnain areas of charitable &tivtyare.' the provision of 8en¢ral advic¢ and inforniation services the provision of advice and c4w¥ork on enew ]U&% and proj and awar&&$ L¥rnpai8ns to tackle fuel pov Throughoutthe yearw¢ have continued to offer Advice aTrJ Infonnation in the following ways.. Providing generalist advi¢¢ with acew to S11]# advKe and casework servi¢es by telepho email and oth digital channe- through our l¢xal phone nllr. lo1 email and lo(al WhatsApp, Messenger and text servi and via our particip8tÈon in nai0T servicts in¢lwJing A¢fvi¢¥Link Cymn4 Clamj Wbats Yours 8tMI national Citizens Advice Ork qu•Je' aTrangements Debt and energy. Delivering srttialist eW0 services to clients with complex wuirements in welfare benefits R¢intmducd in.Fason appointsnents ai o)mmunity venues nm by path or8anis*ions around the eouDty for those clients whose needs are such that PIKKdigrtal ajvice is not apwopriate Pmviding app)intments via phone digttsi that enable clits to tae MpleX tssues andlor progtE&S th¢ir case with their adviser or caseworker- in line with the CItr$ ne. a]ablin8 >way calb to facjlitate the involvement of a thinl paty (like a SUKVQrt workcr. cw or interpretrr) Bnabling doct]ment drops via screen i•Jre (in di8itsl appjintineots). WhatsApp im88¢ (tyure. and retsining our postal address on x'rj]real0n, whil* the office has been closed. Delivered appctinthients and advice se&sions fmm almiist 20 dt"fferent venues Missthe county includtiw a weekly series of 'AdviceTo Go, drop ui sessions to eXd our reach acr0&5 the cow and Feople and organisations knew how to conw us in need of'c¢)stryof-hving' supporL Run aw*ene&s ratsing events fo womote our energy vt¢¢ $ViceS and ensure ple have a¢L¥ss to general information to help th¢m improveth¢warnttb aTMI efficieno of th¢ir homes Cotttributlon of v0eT# Paid Staff Th¢ charity'g success could not have b¢¢n achiev without the hard work and dedicatK)n of volunteus and stsff. The ttustee board aTtd senior managemeth team i015¢ the tremenikws contrl)uti¢)n made by the charitgs VoltteerS iD advtsittg the public and thinisterErJgthe seryrce. IALe ¢0 the chang¢d sffvice deliv Ine i¥t to safeguard the he4hh of ts publlc and the Staff and volurte¢r team& it has taken time to build LV the nwnbets of volunteeES able to supported to deliyer advtce from home, and theEr ¢onthbution has made a huge differen to 1¢ in n*1 of free and (fidtiti1 adYiK often at tim&% of gr distress. We are wtieularty gratefjjl to those volunteers who have Stay with dtroughout the demiC and who Continued to support our w(Yk remotety. Thr(kughout 2022r23, the servic¢ employ between 15 aThJ 23 ld wkerS (13 . 20.3 FfEs) 8nd swwl up to 12 volunteers over the year (each ¢onthbuting an 8vernge of4 hours per week overan average of 45 weeks each). Our volunteers haye contributsj 2.160 hows in 202V23 {221122. 1.774 houts" 2020r21.. 3240). This may b¢ expTe58ed as an annu19ed value of £22248 (2021r22.. £18275). However. their value is inadeqtsatety expressed in mot]et8ry temis. Volunteer5 bring many skills to the *rvice. for example havi life and work eX[l¢n¢t in many Vari areas and roles. at]d very often experience gain as 8 Volunt he Tndividua]s gain or rEturn to full eMployinL Ceredigion Citt7ths Advice reviewed ¢)ur appr£ to atr&*ing and keeping v0hm. It Is oiir llrt¢ntion to consistently invest Èn incr¢asing atxl developing their cth]tribution to our service5. rnoniti)rtn8 ¢)ur apprwh to trainin& alwj pn>viding an acce&sibl¢ and welcoming organi5atll offering a rdnge of Tewarding volun*eriDg Opponitt¢s. Page 3 Cywr ar }PEth Cer5g10 atv Adviee BoYe* for the Year EDd¢d 31 M*rch 2023 Who and beDefiW from 0r ¥¢rvfiw. tkning the reP1g year 2,752 client (2021r22: 2520, 2ry21Y21: 2209) Tr¢nefited fri)m the servEc¢s of CitizEns Advice Cer&Aigion generating 13.830 separate issues (221[22.. 15.8K2, 2020r21: 13.943). This ye4r-on-ye4r Encrease in the mirnber of eli¢nts reflects the growing need for our s¢rvM. Every client brings a complexty of iwes and. thr¢)ugh i)ur holistic and g¢t]eraiist advice m¢xiel. we ate able to provide a breadth of 1vIce - from b&81¢ income to hoUsn8 to anploymettt to relationship to consumer and rnany more. Ther¢ wer¢ a fiJrth¢t 896 'qui¢k tssue, cli¢nts ((2021rr2: 460. 2019f20.. 2Y2X wffe signpostyl offered s¢lf-help ]nfOrntIon ¢)r refrnj to ¢xher agerties. Whilst we advise people ¢)n any issue that they may kn. our M[ C1xnmc enqutry arca year ity year OUL is welfare benefits and tajt eredits which makes up 380/• (2021122.. 44/4 2020ni: 5(Wh) of the i&sues we have supported clients on. Persona] Independence PaiThent (PIP) M2]n% &8 it h&% Èn previous y¢ar& the top isgje vISed on ID IefitS followed by 8en¢rai eligibility enquiries. Employment and Support Alk)W3n IFSA) tyl Council ReduetiC4L In tota] th¢ service neglated on £123.8(KJ woffh of debt {2021r22.. £382.064, 2020f21.. £295223). restheduling or reducing the debts to make peoples, Itves more sustainthle. Includ in that fige ÉS £107,953 of debts WTitren off. This 5ignifieantly reduced figure on pr¢vAous years refiects th¢ imw of Government mtawr&8 to suppxt households under fJnancit] pre&sures aTtd to limit cr&litor NTrwetstQ PW5u¢ rerwent% aTrJ ructiOnS fuThled debt Cww0 S¥. The service generated 4 totsl of £128.434 (2021f22.' £1.184.877. 2020121.. £1.703,151) in ¢x)nfirmed &JditÉonal InMe for ¢lient4 primarity through our itKome tnaxiMisati ¢rRrgy and welfare benefits advic¢. lTrvestme4t Attivtttes Th¢ bureau holds 561 ordinary 25p shares IJJ GlaxOSmithKli and valued at £8.017 (2021r22: £9241, 2021.. £7226) on fair value basis ls at 31st MaTch 2023. FactopJ Affeetlne the Achievement rlf Objeetlv¢¥ Maintaining Suff1¢nt fijnding to continue delivertng the setvic¢ remains A e(mtinua] dIlenge. We &¢ making swe that we inve in fvndraising aj continu¢ to diversify our 8ppro¥h to ensure we at¢ delIvrn8 the most Ca4t-effective s¢rvice w¢ PMIS5ibly ean amd making the most of Oprt]ie5 avai]able to us. This tsnl aiY)ut simp]y ¢tIng costs. It i$ about delivering a service that8enuinety meets cltetits, needs whiL*oprting &8 wst effectivety as possibl¢. Th¢ complexity of the issu¢s that clierts kin& and additiona] ChSes that clients are ewiencing, place addittonai demand$ on the seTvi¢e. Th¢ support networks th* were pr¢vious]y in place for p1¢ a changing and we are ask to offer support that falls Outside the mnit of dir¢4t adYic¢. Wh#e wl¢ are vuinerdbl4 it is ewts"a] that we offer $iipp(*t in a wson-c¢ntred way a1 11$1 w. this can be r¢9)urce intensiv Page 4 Cyogor ar Bowh CeredigloD Advice Bur¢a Rert of tbe Trns(ee for the Year Ended 31 March 21n3 STRATEGIC REPORT Finatrcial revlew The availability of fuTrJin8 in the charity sector remains dIffih due to the tryne-limitrd and short-terni nature of fvnding ¢y¢le$. The clwity is focused on provkling added value to its fvnders frorn a base of sOd financial Maernent and gostsring that ow services remain rel¢vdnt to the 5tt*w"c objeL#ives of stskelJoldo3 at I] and nationa] level. Flnattcial R¢vieTV In the r¢portin8 peric¥l the chrity had a deficit of (£93.4071 (Slupl 2021122.. £27,173. 2020r21.. £111,830) from a totat inrne of £480,729 (2021r22'. £641,398, 2020r21. £626,77318ThJ expendre of £572.912 Q021r22.. £616240, 2020lll.. 13,662) and a dre in share N'alues of £1224 2021f22.. £2.015, 2020f21 (£1281)). At the year end the charitys to fynds stand at £400,462 {2tr21r22: £493,869. 2020121. £466,696) of whTrch £351,077 (2021/22: £397,390, 2020r21.' £386,725) És UnR9trjrt and £49J85 (2021r22: £96,479, 2020r21. £79.971) is re5trictoJ. RrVeS Policy The Charity is required to en8ure that fre¢ monies are available ITh each financial to meet any reawnable Forts¢eable contingency. The Tnth Board tLK>k all neeessay re&s(*b]e steps to ¢Ure that it would Th)t be po&8ible for th¢ c¢ssation of one or more fjJThJing streams to present so serious a ch]enge to the of the organisation that it could not b¢ managed and ¢onttnue to provide a bes¢ value 8dYio service within the availab In T¢vi¢winB th¢ potefftiai costs tIMt could arise should a significarrt r>luLtion in income Ix incurr&l the TTUStee5 d¢terniined that Yree, reseryes should maintained equ to 6 months nornjaf opetating expenditie which equates to £290,462. The organisation's free r&8erves (Gene and tntstee d&sigDated) net of Fixd Assets amount to £290.462 &8 at 31st March 2023 (2021122.. £329.065, 2020f21: £312,K29). PriDeiple Funding Sources The to income fortheyear of £480.T29 r¢prewts a n# de of£lflJ.669 fx)miwed to 2tr21r22 {£641,398). Pn)Jett spe¢lfle fvndittg was grntefulty retaved fro#J= Welth Govemment via Citiz$ Advice's Advicelink project for dd)i t*n¢fits other 4C]•st advice and gthttalist advice, including phone advice and contnl>utJng to the nationai delivery of WeLth Governm¢nVs designated ineome m&ximisation telephone lin4 Claim Whavs Ytsu 4Ttd B&si¢ Income PiloL" CerlIgion County CO11 and the Warm Homes FwKi Citizens Advi4 British G&8 Energy Trust and the Moond8nc¢ Found8cion. and the Energy Savings Tyu#s Ew Ralrtss S¢hem< all of which ljave ¢Ontributed to our various seryi¢es ¢ornbat fuel pov¢rty and prote o]ergy effici¢ncy; Pernbn)keshire Couty co11 loc town eommunty c{xu11$ for their support for our Ic*aL 8¢ne]xlist advi¢e services- C¢roAigion County Councif$ Cynnal y Cardi scheme which filled our wintetA¢fvÉce To Go session Funds in Defi£it No Trds wtte in deficit at the ba]an¢e shert tkfi¢its rwtrict•J met Crtrt of unrestri(thJ re4ery&8 (se¢ note 16). Investment Polky Page 5 Cywrar Bowb Cetedigion 11¥$ Advtc¢ Buruu Rep&rt ofthe Trnsltes rDr the Ye*r Eded 31 Marrb 21n3 STRATEGIC REPORT As required in its MemoTaTKlum parwaph 4.17. in fjjrthwatxe of Èts obje04 a] for no other purw)ses, the Charity h&$ the power to invest any Surp1 monies TNrt immediatety tequtt&J for its purrAM in tr u[] such investment4 securities or prop¢rty as may be thought fi( subjea Devertheless to such ¢onditiotLS swh Csents &8 may for the iirne b¢ing be tmw)s¢d orrequired by 13W. Deslgna¢¢d The d¢signated funds rEpr¢s¢nt rnoni¢s sd aside to meet Ftl fubjre costs. In the opiDion of the tsustees. given the wrrent wlomic climate aDd difficulty r4isin8 fund& t (xffitinues b) k significt risk of ckisure and loss of nding. Golng Concent After making furthtt 4yropriate enquiri4 the Tru#¢es h&v¢ a re&onable exptIcKl the company h&s adequate resoutres to contÈnue in operattonal existence for the foreseeable futsFre. Fc* this reaw they ¢(tinUe to pt the going conc b&sis in preparing the fJll4n¢ial gatanent FrUR PLANS The Bowd is cixnmitted to assuring the firture of the I1$all0 mallttaining its Ètion &8 a key servtce in Ceredigion and North Pembrok¢shio and strengthenirtg its capacty and delivery m(Kkl acce&sibilty and avaitability to everyone who needs &lvice. We move into 2022ll3 having alre*Jy wepred wndwolk lo our new 3-ye4r Busin p and with our sights set on new funding opry)rtwiitie8 from charitable and public sowces. Additionalty, Citizens AdviK our national E&)dy. has announced the availabtlity of £1 IEn via CoMtiVe bidding rounds for locat Citt"7£ns Advice. We not only plan io secuTe new fiEnding but will also invest in key reldti(xthips with our ne[ghtX) CitiZS Advice in Mid & we Wales as we prepare for Webh Governmfflvs recommissioning ofthe Single Advt(% Fund in 2024. We will continue to strengd*n ryjr oper*ing m(xkl, fornialismg our remote working arrangements so that staff and volunteers have the resources and support they Deed to deliv high quality S¢TYiCts. 2nd efftbding new project management proced1 whieh will form the vit#l d¢livay founkn to the divusified fimding m(Klel that will secur¢ our financial futtwe in the P-cOV1d ¢h¥iiies worl Above all. we will retain our focu8 on our ben¢ficrdries - extending our reth into communities acrw the ar bujlding and Strengthening our re[lOnShIpS with swtsw or8anisation4 making improvern¢nts driven by out quality &ss¢ssmenr and feedback prOsse at)J ensuring cliarts can not only re4ch us in the ways most suited to them but also g& the quality advi and inf¢xmation they need to tra%fornI their eircunkn. STRUCTURE, GOVERNANCE AND hlANAGEMENr Governing document The Charity i8 conttolled by its governtDg doojmw a &ed of trtLs4 aThJ CA)Ejstit a liniteAI company, limited by guarantee, as defined by the Companies Act 20(. The (knty commenced opeMi(xTrs in 1984, tnco]M)rated in 1997. and 1$ gov¢mgd by its Memorandum aTKI Afticla8 of A&8ociati(M). The Chartty is a rnember of Ciiizens Advice. th¢ opoxting name of the NatIOn Association of Citi7En$ Advice Bureau which provide5 a framework for st8ryJards of advice aThJ Casework managanent * well &5 monitoring progress against these Stsndards. Op¢ratrng p)li¢tes are Indep1]Y delernlitd by th¢ Board of D[r$ on an annual basis to lfIl its ¢harttabl¢ objects and comply with the nationa] manbetsbip reqUIrtmrt Cyugor Ceredigion Cltiz¢ns Advice Bureg Report of the Trnstees for the Year Ended 31 Mareh 20L3 STRucfuRE, GOVERNANCE AND MANAGEMENr RecrnlttD¢llt #nd appointment of new trustees The Charity is governed by a BO of Tnes. have beld office durit)8 year a lis1 above. The Arti¢les of Association provide for a minimum of three attd a m8ximum of fifteen trst Trust aff ele¢ted to the Bo¥d for 4 thRtryear Irri1 •Thl are app)intl by a rex)lutt( of its members at an AGM. Try]St5 retiring after a three-year peri(Kl of appOintint may electsd and 8MKJinted by a S0]utiOn of the Board's members at an AGM. The Bo*d has p)wets cw who shall lre at the following AGM and rn*y (Trffer themselves for electIOn. c(pted trustees mStneXceed onethird of the totsl nwnber 0ftrte¢5. Citi7£ns Adytce appoints arepresettsive who may attend the Bd ag a non.votingmernb¢T. Th¢ Board is SUP[ by two Su)mMItt CLJvering Futhjing and Fin&. and ReFA)urces and Policy re5pective]y. The tru#ees who have serve4J during year alt lis*d alKTrve. None of the h&5 ben¢fi¢ia] iDteT¢St in the company. All of the tn aTe memb¢rs ofth¢ c¢xDwry aTrdguaranteeto contritMJte £1 in the eventof a winding up. The organisation owns an office base in Cardigan but all staff have wotkgj remotety since March 2020. the start of the CoYid-19 pandernic wblic hvdlth restrirtions. Th¢ Bowd Commission a stn*turnl survey of the propety in February 2022 to inforni a wider review of its fijture. In June 2022. in virw of the Signifillt changes to the organisation's sery1 delivery. operation5 and athnini5trative need5, the Board to rnaTk¢t the promy for sale and tske • to optimise its valve in line with the trustee's obligations UTder th¢ at&ities kn 2011 by seekin8 pkning *Jvice from the locas authority. Orgalllsatlonal StnJee Cered58ion Citizens Advice is a m¢mbv of Citi$ Advi• the cyu&ing rAn¢ of the Natic*)al A&80clan of Citizens Advice Bur¢ay4 whith w)vid¢s a fram¢work for stsndards of advice and r&s¢work Malla well a5 ]noniti)rin8 progr¢ss against th¢se standards. Operating policies are independent]y detemin)e4 a] Subj to annual review, by the Board of Trthes in line with tts ¢harirabl¢ objects aThJ national manbership compltarKe. The CEO has appointed by the trSteal to mawe the day. t(W operdttons of the ¢harty. She leads an experienced am of paid stsff and volunteers who are key to the servi¢es offered by the charity. Dls7O[ are made by the Tne Board in line with the Busine&4 Develo[ent Plan Wh isr¢V1¢w annually. In June 2022. the B08rd commissioned an C1S80[t in tinticitthn of a finan¢ial s1mmtf[ within the year And longer.tern) uncertainty. The CEO oveT$8W a con5uJtstion Fr¢xess aTMI the rduction of the staff te from 23 to 16 within the ye. Since Swember 2021 t? CEO has worked a se10r te8m c1)mwlA¥ the (4>erdtÈons M8nag¢r and 4 Supervisory Staff to cordInate delivery of the clwtys Servi #nd day4frd8y oper*ions. lfv 50 review project d¢liv¢ry progress against fimder reqUireMts and Busine&8 Plan prioritie& the altys financi positi¢)n and any other issues referred to them by the Tmstee Boart Regular staff and volunteer Med]n and a monthly Newsletter. ensure ornmunications across the wIle orgdnisation. Cyngor ar Btst C¢redlgioD Citizen% Advice Bureau Repfrrt of tbe Trustee ror the Y¢*r Ended 31 Mareh 2023 STRUCTURE. COVERNANCE AND MANAGEMEiYr Induction and training of Tr¢w trustee5 New trustees are briefed on their leg81 obligations as spectfied in the Charity Comrnission guidance and the M¢morandum and Articles of AssociatioT4 th¢ commtttee and de¢isioR-making peSSeS. the business plan and tvent financial perforn)ance of the Charity. Trnstees are Tequir¢d to undertake some mandatory tnIng in line with the organisation's qualty assuraRce requirements. They are also encouragea to attend other external training events where these wtll facilitate the uttdersthnding of th¢ir rol¢ and to m¢et otherTrustee& Trustees m2intsin contact with staff artd volunt¢¢rs via the CEO'S reports to the Bo&d (alld its SuGroUpS) aTrJ invitin8 pr¢senui¢Ms frorn staff to Éhetr meeting5. TTUStees work¢d a]ongside paid staff and volunteers at the whole organisation Business Platming Day which was held in March 2022 to prepare the next 3-yeaT Business Plan. There is an Annual General Meeting, which involves the staff team. th]st¢e member4 and other stakeholders. Page 8 Cy4gor •r Bowh CeredighbN lleI Advltt Breall Report Of th¢ Trnst¢es for th¢ Ye*r Ended 31 M8nb 2023 STRucfuRE, GOVERNANCE AND hlANAGEMENr Risk wan&geme4t The tri¢tees undertake an 8rtnual reVE of the major rtsks to which the Bureau is exKMrf irE partiutlar those relat to the OPeNions and finances of the bureau. Th¢ R([ and Policy ovets¢es and amaTrds the risk register, which is a standing itn on its agend4 and weives regular W&es from the CEO. Tnwees are satis th8t syst¢ms are in pl to identify ffjd mitigate th08¢ exsU to themaior risks. Key rnks and Uneertainti¢s Duritig the 2023 finan¢iaJ year. the 010nd] changts brought on by the COVID Emndernic r¢strictions conttnued to have an ampact on the deliyery of seTYiC&8 aThJ remaina a hIrisk fxtor. Howevu, th¢ pandemi¢'s legacy assuming greater clarity aDd Si1ficance, in Iwrticujar the luc¢d availabiltty of grant fiJndin8 aThJ 8reater financial iincertainty a¢ross th¢ charity sector a8 a whole. The twstees have hwl to CsIderad be mmdful of the risk f*tors forthe chan"ty. FlnaDee- knsuffieient incothe the year .' securing funding has WayS been a riouS ehallenge to maintatning ow5erviee& This has been m&sked recentyears by the Compa1ve ready availability of one.off gr)tr dwing the COVllk19 fwtdemio These hav e ended and othergrant Streams have come to their end resulting in a significant drop in thi$ye&s fjJndin8. This is a dMlkn8¢ ft* cl*riti¢5 acrL)ts Cetedigton sprtifically and the charity sector a whole. Fln4Dce- Insu1CleI iDcome ltt the kbD8tr ¢¢rni . The cha)g¢s masked by the COV19 grants have a ndemined the organisation's baseline finall¢1 po sitiorj, priority twsiness objtiveS and W111]ty of achi¢vtng longer terni, mor¢ sthstainable funding solution& kn atrx> this is a chaileDge forcharities acro&s CerlIS1on SpecifillY and the ehan.ty s££tor &$ a whok. Operntions- fauure to deliver 04 hDdkng commItmett KPb aDd pn)jeets . the organtsati(m oversees muhiple fijnda iTr¢ome stream$. Fach has tts OW unique fundu Jrquirement s and key ptsforn)anLY indicatots. These may include any or all of servi¢e deltvery &trvitse4 clieni num5 . Staff employment anwor volunteer involvement et¢. Mawing and coordinatmg thes¢ mLtht"ple projects and filnd ¢rrequiremwts within a single organisation is incre&%ingty Compl and significanL Operations- Capty of st*ff ind volunteers to ddivtrservicts . paid stsff and volunteers will ¢OTttinue to operate from home and. in line with the oomplex fi]ndin& work acros $ different roles and proj&t& The cost-of.living crisi8 has rt4ulted in n¢w PTcwJr on local hou*h ohtsand communitie4 pla¢ing ¢)n our s¢rvic¢s. These require a different approach to managemeni and SU TViSi(Ki to maintstn motivation. engagement and produ¢tivity, safeguard qUlty standards aThJ manage expthtio ns. Motivate4 prc%Jui*J"ve siaff and committ voli]nteers are fijndaM¢nf to delivtring servicffj meeting futKlttr equiremths and ensuring ow qua]ity &8surance and reputational Stsndards. Tru8tee5' and strJtegies for managlthg these riik Flnanee- IDsuffieieTrt iucorne within the year: the TntstKs have this riqk in the ¢lNrtext of the longer-t¢m) risk (below). During this y¢&. it t&8ked the new 0 with uThJertakin8 and ImplentIng an organisationai T¢Strnctin< drawing on re5¢rves to achieve a flexibl¢ CO orgallisatK)n Structure at ruCed cost whilst Still retsintng capactty for grow(h FiDane¢- lrysuffifient ineorne Sn tke k•nger tenD . the ThtteS have prioritised the need to div¢Tsify the organisation¥ fi]nding basis. They have intrryjuced mechanisrns for understsnding the long-lerm finan¢es which are reviewed tn quarterly Finance a nd FuThJing SuGroup meeting5 and teporL8 to the Board. They have embarked on a sllbstant1 review of thei r Busine&% Plan through which to artilate th¢ longer-temi dixection for the Charity and sTrecifi¢ fjJTrJraising s*ie Operntions- f¥ilur¢ to d¢llver tsn fvDdillg comJnitM¢V KPIS and proittts: the TnL5tees approved & new organisational Struc which clartfies line alld pr9jt managetn¢ntr ¢s$1b111t1e and operdtional arrangements which facilitate a ¢(Fordinated approach to FToied managon¢n L Ih CEO reports to the Trustees on delivery &ro&8 the Board and on any to sUSfiE1 deliv ffy, in anti¢ip8tyJ incom¢ and/orwity requir¢meE and fitnderr¢Iationships. Page 9 Advtce Brnu Rert ofthe Trnstr frJrth¢ Ye4r Ended 31 March 2023 STRUCTURE, GOVERNANCE Af¥D MANAGEMENT OTadO[l$- cap4eity of5tsff attd voluknt¢ers to deliver serviets: The orw)isation h&8 commTtteil to arniÉJ8 its volunteertw including Wing a¢ttedttation to Invr$ in Vomllteets. and Prioritising slaff ¢apacity to Incr tts volunteLY llUMb. The Tnjstee Bo&rd is c omtnttrl to being a progrtssive employer. The organisation is a membtr of the Living Wage Foutthtion an(L &% Fért of the organisation resknjcture, revised remuneration to improve consisterjcy with ccmpatabk •fvi¢e or8anisation% and improved the basic Tems and CondÈtions of ¢mployment for all gaff. Report of the tnLStee4 1nc0ryx)ing a strategic r¢p(xL 8pproved by (*d¢r of the tK)ard of truw as the company director Pa8¢ 10 Indepde•¢ EmIne$ Report to the Trnstt¢J of Cyngor ar &JFeth CeredigioD citi Advi Bure*R Independent examinerfs report to the trust¢48 of Cymgor •r BoWb CeredlgloD atrttns Advlee Burea Cth¢ Compaffjy,) I report to the tharity Inkn on my eXan] ofthe )Unts ofthe Compary forthe 31 Mah 2023. R04pbE1IS #nd bas of rert As the Charitys trustees of the Company (and also ts d]rtIS for the pU4S of compny law) you ar¢ reswjnsibk for the prtparation of thE aCC4)u in a¢c(thiee with tl* r¢quiron¢4Jts ofthe Cornpani# Ath 2(M)6 Cthe 20(NS Arf). Having 5*isfied rnyself that the aLwunts of the Comp#ny we not to be alIty1 der kn 16 of th¢ 2006 Act 8nd are eligible for indePeIent examinatio I rewvt in resped of my examination of your chan.tys acUE1ts as earried out under Se10n 145 of the Charities Act 2011 (Ihe 2011 W. In nly examination I have foltowal the Directions given by the Ch2Tty Commi&8ton under stiOn 145(5) (b) of th¢ 2011 ACL Independetst examIn¢5 stat¢meDt Sinte your dwitys gTOSS tE]come ex¢eedcd £250,(HX) your ¢xaminu must a of a list¢d Ix)dy. I can )fiTh that i am qualified to undertake the examination l*cause i •n a memttt of the Asxtiation of 8fte[l Certtfied Ac¢ounlant% which i5 one ofthe li*ed b(#li¢s. I httve complet my minatiL I confitm that Do matter5 have come to my attenti in Conti110n with the examination giving me cause t(> believe.. ounting wtr¢ ncrt kept in r&iwt ofthe Company a8 Tcquired by S10 386 oflhe 21x16 A¢ or the accounts th) not accord with those re¢ord& or the a¢coLmts do nol comply with accounting tequirernents of Section 396 of the 2006 Act othe¥ than any uirement that the accowits give a tNe fair Ytew which is not a matter consider¢d as part of an indepeNlent eaminatIOn. or the accounts have not been prewoj in with th¢ mettKKts and prin¢iples of the Statement of R&ommended Practice for accounting and reporting by ¢]wities {appli(xble to charities prq)aring their accounts in acrdanCe with the FI[¢18] Rwting Stan(knl applthle in the UK and Rwblic of Ireland (FRS 1021). I haye no ¢oncerns and have com¢ across no othw matters in nnecti with the examination to whh attentlOD should be drawn irj this re[rt in orderto enable a proper UndertlA8 of the ¥countsto rEach. Mr D.M.TGould B.A (HoNk F.C.CA Ashmole and Co. Williamslon H¢yJse 7 Goat Stre¢1 Haverfor¢Jw45t Pembrokeshi SA61 IPX Pagell Advice Bwrt8U rtht Year Etsded 31 Marth 21123 31.323 31.322 Total nds INCOME AND ENDOWMENTS FROM Donatio5 and le8aci£s 16.705 16.705 5.636 Charitable #fttvities Charitable activities 463214 463214 632,523 124 Other income 124 163 3,076 Totsl 463214 480,729 641 J98 EXPENDFfuRE ON Cbaritsbk activits¢8 Charttable activities Support Costs GoYernarKe 38,380 12.834 307.198 211.623 345,578 224,457 2.877 421,572 191,849 2,819 Total 51,425 521.487 571912 616,240 Net gaiwl(10sses) on inv¢sth]e¥)ts {1224) (1224) 2,015 NET INCOMEI(EXPENDITURE) Tr8n5ferg betw¢¢D (35.134) {11.179) (58273) 11.179 (93.407) 27,173 16 Flet movement lth funds (46J13) (47.094) (93,407) 27,173 RECONCILIATION OF FUNtA8 T(thl funds bnxtght fon¥anl 397J90 96.4?9 493,869 466.696 TOTAL FUNDS CARRIED FORWARD 351,077 49.385 400,462 493.869 Page 12 Cyngor ar Cer¢d¢ioD Citixe Adylct Burea B*lanLY Sheet 31 M4rtb 2023 31323 31.3.22 Total fund4 FIXED ASSETS Tangible assets Inv¢stsn¢nts (rfJ.615 8.017 12 .615 8.017 68,325 9241 68.632 68.632 CURREPIT ETs Debto Ca8h at trAnk 77.566 13 9.834 289J84 10&071 42.648 I17,5 332232 33,314 483,206 299.418 150.719 450,137 CREDifoRS Amounts falling due within one year 516,520 14 {1(973) (IOlJ34) (118J07} (12]7) NET CURREIYT WETS 282,445 49J85 331.830 416.303 TOTAL ASSETS CURRENr LIABILfTIES 351.077 49,385 400.462 493.869 NET ASSETS 351.IY77 49J85 400.462 493.869 Unrestrtcted fjjnds Restricted filnds 16 351.077 49.385 397,390 96,479 TOTAL FUNDS 400,462 493,869 The charitable company is entttled to ¢xemFtioD from a111 under Secti(m 477 of ts Conw1&% Act 2006 for the yeor 31 March 2023. The members have not required the c(fnpany to otrtain an audit of its firniciaj st&en)LiTrts for the year ended 31 March 2023 in accordance with stion 476 ofthe Comwi&5 Act 26. The trustees acknowledge their rEsw>nsil)iliti&% for (a) ensuring th* the charilable company keep$ Ttcord5 tha¢ c(ynpty with Sedion$ 386 and 387 of the Companies Act 20(h5 and preparing financial stat¢ments whith &Yve a true 8nd fair view of the state of aff4ifs of th¢ charitable company as at the end of each financial year and of its Surp1 fft deficit for exh financial y¢ar in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the rtquirements of the Companies Act 2006 relatujg to financial so fara8 8kyliobl¢ to the Chlble ¢¥)mlY. Ib) Page 13 continued... CyAgor*r certdAgtO CltrL¢ Adviee Brea Bal*nce Sbeet- co4limlled 31 M•rth 2023 and were $ign¢d on its bebalfby. rs. Trustee PHÉ Mtes fomi part of thes¢ 6naDcial stateMts Pa8¢ 14 Cyngor ar BoMh Ceredlgion Citizens Advice Bureau C8sh Flow Statement for the Year Ended 31 March 21123 Notes 31.323 31.3.22 C&sh flows from operating a¢tivi¢ies Ca8h genernted from operations (251.208) c&sh (used in)Iprovided by OFtying activities 215.956 (251208) 215,956 Cash flows from investing atVitA¢S Purehase of tangible fixed Sets Purch of fix¢d asset investments Sale of fL%ed asset invesknients Int¢rest re¢eived (5.014) (2,015) 2,015 163 (1224) 124 Net cash used in investing activities (I,11)o) (4.851) Ch&ngt ID cash and eash eqUAlent$ ID the Teporting period Cash aDd eash equiv*kDts at the of tbe r¢poTttDg rIOd (252.308) 211,105 483206 C4sh alld e8$h equivalents at tbe of tlte r¢portAng period 272.101 230,898 483206 ]Ik notes form part of these financial statements Page 15 Cyngor•r Bowk Cernli¥tin atr4ens Advie¢ Bureau Note¥ to tlje Cash Fk•w St*tsrnent r th¢ Year Ended 31 M*r¢h 2023 RECONCILIATION OF NET IEXPENDmiREYINCOME TO csH VIDW FROM OPERATING 31.323 31.3.22 Net (expeDditure)fincotll¢ for the Yertthg pernd (•s Ststement ofFln#Dclal Aetivitits) Adjustments for. Depr10t]0 ¢harges Loss¢sl{gaTn) on investmeDts Interest receiv (In¢reas¢yde¢re&se ITr debto (DecAwyincrease in credit(MS (93.407) 27,173 7.710 1448 (124) (84,591) (83244) 10,784 Q,015) (163) 122.569 57,608 Net C49h {uged inyprovRd¢d by oper•¢iobi Q51208) 215,956 ANALYSIS OF CASH AND CASH EQUIVALENrs 31.323 31.3.22 Notice deposits (less than 3 months) Overdrati% included in bat]k108ns a1 overdrafts falling within oneyear Total eash and cth equivalents 331232 (101,334) 483.206 230,898 483206 AIYALYSIS OF CHANGLS IN NET FUIYDS At 1.422 Cash flow At 31.3.23 Net c4sh Cash at bank 483206 (150.974) (101,334) 332232 {101.334) 483206 1252J08) 230,898 483206 1252J08) 230.898 ¥be notrs fcm part of these fitw)¢ial aatements Page 16 Cyngor #r Bopeth C¢redtgion Citb£os Advice Bureau Noles ts+ the atI#l Ststements for the Year Ellded 31 Mareh 2023 ACCOUNTING POLIC]ES B4sls of preparfng the fiJaD¢ial $tstemtnts The financia] statements of the charitable company. which is a publi¢ ben¢fit entity under FRS 102. Imve been prep*ed in accordance with the Charities SORP IFRS 102) 'Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charitie$ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {eff¢ctive l January 2019),, Financial Reporting Standprd 102 The Financi Reporting Standard applicable in th¢ UK and Republic of Ireland, and the Companies Act 2006. The fIn7a1 statements have be¢n prepared under the historical wst eonvention, with the ex¢eption of investhients which are in¢ludeil at Tnat*et value, as modified by th¢ revatuation of e¢rtaill assets. Incorne All incorne 1$ recognised in the Statement of Financial Activities once the ¢h8xity h&% entitlemt lo the rtd8, it 15 probable that the tn¢ome will be received and the amount can be rneaSUr tEliabty. Expendlture Liabilities are COgnIsed &$ expendityre as soon as there 1$ a leg41 or ¢onstr]cttYe obligation ¢ommttting the charity to that expendithre, it is probable that a transfer of econornic Eenefits will k requittd in settlement and the amtsunt of the obligation can be measured reliably. Expendittlre is ¢0ted for on an acea]S basis and h&5 been cl&8sified nder headings th&t aggregate all cost related to the category. Where ¢osts cannot be dartlY attrsbutsd to parttcular headiEW they have been atlocated to activities on a basis conststent with the use of resource$. TgDgible fixed asyet$ DepI*l0n is proviikd atthe followÈng annual rates in order to write off each asset over its estima1 useful life. Freehold property Fixtures & equipment 330A on c<)st and 25°h on red]ng balance TaxAtlon The charity is exempt from COTpofdtion tsx on tts charitable activities. Fund ae£ounting Unresthcted funds can in accordance with the charitable L4)jectives at the discreiion of the truste¢s. Restricted fvnds can only be used for particular $triCd purw>s¢s within the obje¢ts of the charity. Restrietiotjs 8rise when sp¢cified by th¢ dotjor orwhen fijnds are raised for particular restrs¢ted purpos¢s. Further explanation of the e and pu9se of ¢ach fund 58 included in the notes to the financi statement& Hlr¢ purchase 8Dd commitm¢nts Rentsls paid under operatin th¢ peti[ of the lease. ]eS ar¢ charged to the Statsment of Financia] Activities i)n a Straight line basis over P4ge 17 conlinued... Cyngor*r Bowh Cer*loM aliz¢ Advice Bure• Note5 to the Stst¢ments. CO11e for the Year E•dl 31 Mayeb 2011 IK)NATIONS AND LEGACIES 31.323 DoDatiotts 31.3.22 5,011 11.694 1.105 4,531 16.705 5,636 Grants e1V. included in the are as follow3.. 313.23 Cer&Jigion County Council P¢mbrokeshire County Council Citizens Advice VaTi0th5 Other gT&rts 31.3.22 1,166 4.061 24.010 (17.543) 4.061 470 11,694 4.531 31.323 31.322 124 163 INCOME FROM CHARITABLE ACTIVMFS 31J23 31.322 LThItabIe &tivtties 463214 631523 Grants rec*iv&L in¢luda in the aiM)v4 are as folbws: 31.313 Cer+xli8ion C(W Council Grdnts Oth CttizEns Advic Energy Savings TrrLSt British G&8 WCVA 31.322 120262 257,814 83,925 1213 62.190 168.197 64,453 47,014 80.549 82,658 38.819 88,643 Energy Savings Trust CA VCO 463214 632523 P88¢ 18 continued... Cyngor gr Bopeth Cerediglon c11r Advio Burea Not¢8 to tbe Trlnanti41 Ststements- fontinued for the Year EBded 31 March 2023 CHARITABLE ACTivrrIES COSTS Supp)rt costs (see note 6) Dir¢ct Cosos Totais ilable activities Support Costs GovemÈnce 345.578 345,578 224,457 2.877 224,457 2,877 345,578 227.334 572.912 SUPPORT COSTS Goveman¢e Costs Management Totals Support Costs 224,454 224,457 2,877 2J77 224,454 2,880 227,334 NET INCOMEIIEXPEN9ITURE) NEf in¢omel(expenditurt)'for the year 2023 2022 This 15 Stat¢d after dwgin8'. Depreciation Au0 2.573 29227 3.171 6,998 60.821 11&307 100.217 Is. Amounts showin8 &1 kkn$ and overdr8fts represent 4 tim1 differenc£ between when the restricted •xp¢Thdrtu h&8 ' tu bank loan oroverd ITMI the reipt of the restri¢*d fiJThlin8 in the (Jwitys iwnk account. Thi8 is not an me¥¢ty atimin8 diffm¢¢. continued... QDgor*r Cery*ion CIttr*L8 Advi&Y Burt8 Notsg tolhe Fill#Dc1 Ststements- eontinved r the Year Ended 31 Marth 21n3 16. MOVEMENT IN FUN Tran8f¢rs movement in fijnds At 31.323 At 1.422 URrestri¢t¢d funds General fund [ks1ted fi 247J90 150.(M)O (35.134) T2.321 (83.500) 284,577 66,5(Ml 397J90 (35.134) (11.179) 351,077 Restiiet¢d fullds Warnier Homes Advi¢¢lll]k (SAF) Wamier Wales BEIS Rernote Working SÈngle Queue Uplift Phone & Chat BGET Itmovation Western Pow¢r Dist Warni Wales Cymrn Cy C05y Ceredigion (ERS) Energy Savings TTWt Voud*rs CAVO- ICF BGET Innovatton BG Energy Action Plan Help to claim WCVA-VSRF Moondance. Tackling FU Povttty CC EneJBY Vouchers Western Pow¢r Energy Redress Cgnununity Coh&%ion Small Grnnts Scheme Citizet)s Advhc¢- G)st of Livin8 Grant 8.673 (5.486} (7.098) (7.412} (2.145) (8J16) (8,516) (4.722) 3,187 3,076 10.174 7.412 2.145 8516 8J16 4,722 1,764 67 8.908 6J19 1,5LV) 6,041 26269 1.764 (67) 5254 (14.162) (1.467) (1.509) (6.041) (iOJ66) (284) (1207) 4.182 1998 (2.688) 4,852 15.903 1,439 (4.182) 1998 1688 1,166 15.0(K> 15.0 96,479 (58273) 11,179 49J85 T(yfAL FUNDS 493.869 (93.407) 400.462 Page 23 continued... Cyw*r Bowh Cerediglw Advi¢¢ Bure4u Notes to the Ststements. Cont[ed ffi)r the Yev Effjdl 31 Mareh 2023 MOVEMENT IN FUNDS_ Collllnued 16. ttK•v¢ment in includ&1 in the abov¢ area8 follows: InCoMn8 Gains and Movement losses in fimds Unrtstri¢ted Genetal nd 17515 (51,425) R¢Srthd Wamier Homes Advicelink (SAF) Warnier Wales BEIS Remote Working Single Queue Uplift HMPT Phone & Chat BGET InnovatEon Cosy Cer¢digion RS) Energy Savtngs Trust Vouchtys CAVO- ICF BGEf Innovation BG Enc Action Plan Help to ¢laim WCVA-VSRF MOOtanCe. Tackling F1 Povety CC Eller Vouchffl Western Power Energy Redress Community Cohesi¢)n SmaEI Grants Sehane cili7S Adviee- Cost of Living Grant {1224} (35,134) 80.485 257.814 (85.971) (264,912) (7.412) (2.145) (8,516) (8,516) (4,722) {45,775) (2.680) (1.5() (6,041) (37.791) (284) (1207) (37318) (4.(W) (2.688) (5,486) (7,098) (7,412) (2.145) (8.516) (8.516) (4,722) (14,162) (1,467) (I J09} 16.041) (10,366) (284) (1207) 4,182 2.998 (2,688) 1,166 15.0¢ 31.613 1213 27.425 41.5th 15.(MX> 463214 (521.487) TOTAL FUNDS (58273) 480.729 (572.912) (1,224) (93.407) Page 24 continued... Cywr ar Ceredlglon Cltrtt Adviet Notttq to Ihe Fi¢•1 St*temeDts- eonlltted rthe Y¢ar Ended 31 March 21123 MOVEMEwf IN FUNDS. eonthiued Comparatfv# frtyr movem nt fyDd• Net Trmsfers At1.421 in fiMMLs At 313.22 Unrestrkted fu•ds General fund 266,T25 120,IXN) 9,057 (28J92) 30.0(KJ 247,390 150,000 Re&tri¢ted funds Wam]er Homes Advicelink (SAF) Warmer Wales WCVA Vol Wa]05 BEIS R¢mote W(*king Single Qu¢ue Uplift Hmpf Phone & Chat BGEf InnOvlon Westem Power Dist Wami Wales Cymru Cy Cosy Ceredigion (ERS) Energy Saving$ Trt Voutho5 CAVO- ICF BGET Innovatton BG Eller Action Plan Help to claim WCVA-VSRF we# Power ETW RethN' 386.T25 9.057 1.608 397,390 5J54 25.470 1317 3J19 (28,843) 5.095 (19) 8,673 3J73 1145 7,412 19 (1.484) (1,484) (3.952) 2.145 8.516 8.516 4,722 1.764 67 &908 6,319 1,509 6.041 26269 284 2,646 2,688 lo,¢0 8.674 1.764 5,067 8,908 6J19 1.509 6.041 26.269 (5.Ixx)) IlJ59 2,688 (8.913) 79,971 18.116 TOTAL FUNDS (1,608) 96.479 27,173 493,869 P8ge 25 Corttinu... Cy4or •r Bowh Cerndin Citkn Advi¢¢ Bur¢au Notes ¢0 the fwthDeilll Stateme*ts- Cotined fi)rth¢ Year Ended 31 Marrh 2ty13 16. MOVEMENT FUNDS ¢omtillu¢d Comp4rative net movement i1led in the alware as follows: GaitL4 and Movement in fijnds Unrtstrkted ttd5 Gen¢ra] fund 7.484 (442) 1015 Restricted fwid8 Warniet Homes Advicelink (SAF) Warnier Wai¢s WCVA Vol W8 Single Queue Uplift HMFT Phone & CThat BGET Innovation Wami Wales Cymru Cynes Cosy Ceredigttsn ffRS) Enw Savings Tn Vo CAVO-ICF BGEf [tuvatIOn BG Action on Gambltng Prlot Energy Adion Plan H¢lp to clxim WCVA.VSRF 9.057 33536 169,495 20.034 18.(NJ) (30217) (198.338) (14,939) (18,019) (1.484) (1.484) (4.034) (77.591) (19.746) 132JOO) (87.134) (20.857) (2.(KXI) (1,166) (34.fJ4) (71.555) 3.319 Q8.843) 5,095 (19) (1,484) (1,484) (3.952) 5,067 8,908 6,319 1.509 6,041 82.658 28,654 38.819 88,643 26.898 io 27.435 35,018 62.642 26269 284 (8,913) 633.914 (615,798) TOTAL FUNDS 18,116 641J98 (616240) 1015 27.173 P88¢ 26 Itin... Cyngor ar Bopeth Cerediglon Citb¢n$ Advice Burea Notes to the FtThan¢ial StstemeDts- contined for the yr EDded 31 March 2023 eontlnued MOVEMENT FUNDS A current y¢ar 12 months an prioryear12 months mbined position 1$ as follows". Net movement in funds Tr4TLsfe]s behveen nd At 1.4.21 At 31.3.23 Unrestrttted funds General fvnd Designated fitnd 266,725 I20,)0 (26.077) 43,929 (53.500) 284,577 66,500 Reltrlctsd tunds Warnier Homes Advicelink (SAF) Wanner Wales WCVA Vol Wales BEIS Remote Working Stngle Queu¢ Uplift HMPT Phon¢ & Chat BGET Innovation West¢m Power Dist Watm Wales CYMN Cynes Cosy Ceredigitsn (ERS) Energy Savillgs Trust Vouchers Energy Action PIan WCVA-VSRF Moondanc¢- Tackling Fued Povety CC Energy Vouchers West¢m Power Energy RedTess Cotnrnunity Cohesion Small Grants Sch¢me Citizens Advice- Cost of Livinb Grant 386,725 {26,077) (9571) 351,077 5.354 25,470 2.317 (2,167) (35,941) (2,317) {19) (2,145) (10,000) (10,(x)o) (8,674) 3.187 3,076 13,547 2,145 10,000 10,000 8.674 1.764 19 5,067 (5254) 4.852 15.903 (10.120) 4.182 2,998 (2,688) 1,166 15,000 1.764 {5,067) 5254 4.852 15,903 1,439 11,559 (4,182) 2,688 2.998 1,166 15,000 79,971 (40,157) 9,571 TOTAL FUM)S 49.385 466,696 (66234) 400,462 Page 27 continu*J... CyDgoT *r BDWh Cer¢diglon CRtiu Advi¢¢ Bur¢a F4otes to the TrIDan¢ial Ststem¢nts- tomtlllued for the Y¢4r Ended 31 Mareh 2023 MOvEmEr IN FUNDS- ¢onllmued 16. A current year 12 V prttt Ye 12 months mbined net movfftn#rt in fiuth. tncluded in ave are as ftsllows.. Gtil and 105S¢S Movement in funds Unrestricted thnds General fvnd (51.867) (26,077) Restrlcted fuTrdi Wamier Hom¢3 Advi¢¢link (SAF) Warnier Wales WCVA Vol Wales BEIS Remote W¢xkin8 Su)81¢ Queue Uplift HMPT Phone & Cb* BGET Innovation Warm Wales Cymru Cynes Cosy C¢redi8ton (ERS) Energy Savings Tftt V CAVO- ICF BGET Innovation BG Action on Gambltng Pil Energy Action Pian Help to claim WCVA-VSRF Moondonce- Tackling Fue4J CC En¢r8y Voucl We*m P¢)wer Ew knj Comrnunity Coh¢5ion Small Citiz4ns Advice- Ct of Li 114.021 427309 20.034 (116,188) (4632501 (22JS1) (18,019) (2,145) (i 0,(} (10.cw) (8,756) {77,591) (65,521) {35,180) (88.643) (26.898) (2,IK#)) (3&957) (33,018) (71762) (37,318) (4,() Q.688) (2,167) (35.941) {2,317) (19) (2,145) (i 0,000) (10,000) (8,674) 5.067 (5,254) 4.852 82.658 267 40.032 88.643 26.898 2.0fy) IS.3 35.018 62,642 41.5 6,998 (10.120) 4,182 2.998 (2.688) 15,( 15.000 1.097.128 (1,137285) (40.157) TOTAL FUNDS 1.122,127 (1.189.152) 791 (66234) Pa8e 28 continu... Cyngor *T ptI Cer*titsB Cltr<¢A4 Advi¢e Bure• Notrs to the StstetheDts- ¢onllntyed ror the ye Ende4131 March 2023 17. RELATED PARTY DISCLOSiJRLS There were no rela¢•J FQty trti5 forth¢ 31 March 2023. 4gor ar Prtjprth Cer¢¢bgEon Crtizen5 Advitt Brea stst¢mtm¢ ofTrkn4el*l Aetivillts for the Y¢4r Ended 31 Martb 2023 31.323 31.322 INCOME AND ENDOWMEIYTS Donatlous and kg8¢1 Donations 5.011 11.694 1,105 4,531 16.705 5.636 Investmet ineome Bank inter¢st recetved 124 163 Charitable #ct5viti 463214 632.523 Other lttcomt 3.076 Tot41 IntomlDg resourtfs 480,729 641,398 EXPEI¥DITURE Charltable aettvitles Direet Costs- Wages 331221 14.357 363,442 58,130 345,578 421,572 Support eosts M*nagernent Salaries Staff & volun*er c¢xts Office costs Premises costs (Xher costs 147.417 5.412 63,512 6.410 ,703 121,287 9247 56.(KM 4,644 667 224.454 191.849 GovtrnAnee eosts Gov¢mance costs 2,880 2,819 571912 616240 Net (eXpendituretfjMÈ before 8xiM *Dd losses {92.183) 25,158 This page nrrt fomj m of the statlrtory finala1 ststements Page 30 AthiLY Bure• D¢(*lled S(4tewen¢ of Fthatrci Acfivi(ie5 rorthe Yr Ended 31 March 2017 Realised recogDued K41n$ and lo Realised gains/(lows) on red as 31.323 31.3.22 N¢t (txpenditur¢)hneom¢ (1224) 2.015 (93.407) 27,173 Page31