OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03522144 (England and Wales) REGISTERED CHARITY NUMBER: 1069557

Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2024

for

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Morgan Griffiths LLP Chartered Accountants Statutory Auditor Cross Chambers 9 High Street Newtown Powys SY16 2NY

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 11
Report of the Independent Auditors 12 to 15
Statement of Financial Activities 16
Balance Sheet 17
Cash Flow Statement 18
Notes to the Cash Flow Statement 19
Notes to the Financial Statements 20 to 36

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Reference and Administrative Details for the Year Ended 31 March 2024

TRUSTEES Mrs W C Beaven
Mrs P A Buchan
Mr J Burt
Mrs M H Evitts
Mrs D C Jones
Mr G Mitchell
Cllr. W D Powell
Mr P R Swanson
Mrs M Francis (appointed 24.10.23)
COMPANY SECRETARY Mrs A S L Owen
REGISTERED OFFICE Unit 30 Ddole Road Enterprise Park
Llandrindod Wells
Powys
LD1 6DF
REGISTERED COMPANY 03522144 (England and Wales)
NUMBER
REGISTERED CHARITY 1069557
NUMBER
AUDITORS Morgan Griffiths LLP
Chartered Accountants
Statutory Auditor
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY
BANKERS HSBC Bank Plc
The Cross
1 Broad Street
Newtown
Powys
SY16 2LX
KEY MANAGEMENT TEAM
Chief Executive Officer Mrs C Swales
Head of Internal Services Mrs A Owen
Head of Third Sector Development Mrs M Muireasgha
Head of Health, Well-being & Mrs S Healey
Partnerships

Page 1

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

PAVO's mission statement is-

PAVO provides essential services to support third sector organisations and to improve people's lives.

This is encapsulated in 'Helping organisations; improving people's lives'.

The stated objects of the organisation were reviewed in 2021 and the updated version was approved by the members at the 2021 AGM. They are-

(1) To deliver and fulfil any charitable purposes that are consistent with the stated values of the organisation for the benefit of the public, principally but not exclusively in the local government area of Powys and its environs (hereinafter called the "area of benefit") and, in particular, build the capacity of third sector organisations and individuals, and provide them with the necessary support, information and services to enable them to pursue or contribute to any such charitable purpose.

(2) To promote, organise and facilitate co-operation and partnership working between third sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit and to that end to bring together into membership of the Charity persons and organisations engaged in the furtherance of the said purposes within the County of Powys.

Our strategic and business planning processes ensure that all activities undertaken within the organisation are designed and delivered in furtherance of our mission statement and these charitable objects, having regard to the Charities Commission guidance on public benefit.

Previous strategic planning cycles have covered a period of three years. The trustees have decided to move to a five-year cycle from 2022 onwards. This will bring the PAVO planning cycle into alignment with those of key partners. PAVO's strategic purpose is to be:

Following a period of external and internal engagement, the Board at its meeting on 29th March 2019 adopted the plan. The outcomes within the strategic plan align to local and national shared outcomes.

The PAVO business plan for 2023-2024 details the operational objectives that were set for the year under each strategic purpose, to deliver these planned outcomes.

Quarterly report cards were developed to inform the Board of progress towards the achievement of the strategic and operational objectives and the activities undertaken in the year in furtherance of these operational objectives, and the difference that these made.

Grantmaking

PAVO does not provide grants directly from its own funds but acts as sponsor for various grant schemes. Grant making policy is therefore determined by the terms and conditions laid down by the funders of the individual schemes, which are incorporated into the rules for applications to each grant fund.

Page 2

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

- How our activities delivered public benefit

Details of key expenditure relating to each of the strategic purposes, as well as key achievements against the operational objectives set out in the Business Plan for each of these, are highlighted below, illustrating some of the ways in which our work has made a difference. Information on all of our achievements may be found in the report cards for the year.

PAVO is a Catalyst for Voluntary Action

Planned Outcomes & Measures:

o Those involved in running third sector organisations have increased confidence in leading their organisations, improved ability to recruit and retain skilled trustees and increased skills and knowledge to lead their organisations

o Third sector organisations are resilient and have the skills, knowledge and capacity to sustain their organisations

o Third sector organisations develop and provide services that effectively address identified needs

o More individuals and communities access activities, services and facilities provided by third sector organisations

The Development Team still deal with a much higher number of enquiries and requests for support than they did pre-pandemic. Many organisations have sought assistance to continue to operate in a changing environment and consider plans for the future. Support with resilience and sustainability has grown and is linked to the development of new activities as organisations diversify. 3 organisations were provided with support to close operations.

Governance requests involving legal structures and documents is proving to be a growth area. Support for community buildings has continued, although via different funding streams.

The training offer has provided challenges this year, however a variety of courses have been delivered to meet the needs of the sector.

Following dialogue with the transport sector, PAVO now hosts the Community Rail Officer for the Heart of Wales Line. This exciting new project has involved engagement with stakeholders along the line, facilitation of a small grant scheme and community development projects.

The Active Offer project continues to provide support to third sector organisations and care providers to offer their services through the Welsh language.

Page 3

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

o Individuals have improved well-being as a result of taking part in high quality volunteering

o Organisations involving volunteers are able to learn and continuously improve the volunteering experience o Individuals are able to contribute their knowledge, skills and experience through volunteering and are integral to a thriving and sustainable third sector

o Volunteering grant funds deliver excellent projects as a result of high quality applications from a diverse range of third sector organisations

o Volunteers are engaged in delivering quality services which achieve what matters to communities and individuals

Powys Volunteer Centre continues to support organisations to provide quality volunteering opportunities and attract and retain volunteers, and to support people who wish to volunteer. The Centre worked with Delivery Partners to ensure reach across Powys.

Powys Volunteer of the Year Awards was held in North Powys to celebrate the commitment and achievements of volunteers across the county. The event attracted publicity and raised awareness of volunteering.

This year has seen the initiation of a new Shared Prosperity Fund project, Skills for Sustainability. This short term project focussed on the development of skills for volunteers, involving volunteering at all levels from trustee boards to the development of digital skills and volunteering opportunities.

o Third sector organisations effectively secure and generate the resources they need to survive and grow

The largest proportion of support is associated with funding, this year organisations received a considerable amount of 1:1 support, some but not all of these activities were associated with bespoke PAVO facilitated grant schemes. Meet the Funder and Funding Fair events continued to prove popular this year, supporting organisations to access direct advice from external funders and grant making foundations.

This year the organisation again increased the number of facilitated grant schemes, this included several Shared Prosperity Fund initiatives, including Making a Difference in Powys main fund and a Numeracy Fund. PAVO facilitated and completed 7 funding schemes, although some schemes had more than one round.

The Regional Integration Fund resources the PAVO Social Value Project. The scheme has enabled communities to identify gaps in services to support health and well-being, and third sector organisations to respond to those needs with a dedicated grant scheme to deliver projects.

PAVO articulates a legitimate VOICE on behalf of Powys' Communities & Third Sector

Planned Outcomes & Measures:

o Third sector organisations meaningfully engage with public bodies in policy development and service co-production

o Public bodies recognize and value the current and potential contribution of third sector organisations

Page 4

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

Networks facilitated during the year include Powys Agri Wellbeing Support, Powys Advocacy Network, Children, Young People and Families Network, a relaunch of the PAVO Health & Wellbeing Network and Mental Health Providers Network. The relaunch took the form of a day conference for stakeholders from third and public sector organisations.

The Regional Integration Fund provides resources to support citizen and carer representatives to contribute to the Regional Partnership Board. This ensured that user and carer voices influence at the highest level.

o Third sector organisations play an active role in engaging and working with people and communities, including seldom heard groups

o The voices of individuals and groups inform and influence policy development, service planning and delivery

The Locality Networks have continued to provide an effective mechanism for organisations to share information, network and consider local needs. A dedicated administrative role was created during the year to service the networks and manage membership. Information, data and intelligence from the networks influenced service development and planning via the Social Value Forum. Although attendance at all PAVO networks reduced during the year, most have remained vibrant.

The post of Mental Health Participation Officer was vacant for part of the year, which reduced some of the opportunity for participation within this specialism. Work continued to support the Older People's Forum engage and influence across the county.

The Health Promotion Facilitators worked in Primary Care Clusters in Mid and North Powys. Their work supported GP practices to engage with patients to effectively disseminate public health messaging and appropriate use of services. They also supported patients to access the type of support they needed and supported referrals to other third sector services particularly the Community Connectors.

o Effective evidence-based solutions in the sector are recognised and championed o More individuals achieve what matters to them as a result of joint working by third and public sector organisations

The Community Connector service continues to experience a high demand for support. A significant aspect of the work includes attendance at Multi Disciplinary Meetings and Virtual Ward Meetings, this ensures effective joint working between public and third sector services to support people to achieve what matters to them.

PAVO officers are members of a variety of partnerships including working groups, multiagency meetings and formal strategic partnerships. This is at local, regional and national level. Whilst this ensures effective flow of information and intelligence between the sectors, it places a demand on staff capacity.

Page 5

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

PAVO is a HUB of essential information

Planned Outcomes & Measures:

o Those involved in third sector organisations are better able to access information, advice and support on governance

o Organisations involving volunteers have access to high quality information, advice and support to recruit and manage volunteers

o Individuals have access to high quality information, advice and support to participate in volunteering

- 871 Members of PAVO

Another busy year for advice and guidance. Powys Volunteer Centre continued to work with delivery partner organisations across the county to deliver an effective volunteering service. This year a new Volunteering Wales website was launched, this has resulted in changes in the way data is captured and reported. Organisations continue to experience challenges recruiting and retaining volunteers, and are keen to embed good practice in an effort to promote volunteering seeking support from PAVO to do so. Requests for information on governance and funding have remained high this year.

PAVO is effectively governed and managed

Planned outcomes & measures:

o People, communities and third sector organisations across the whole of Powys have increased awareness of PAVO and services provided.

The communications work continued, further improvements in the effectiveness of social media recorded. New leaflets for each department and services were launched. During the year a significant amount of work was undertaken to develop an updated organisational website. The Mental Health website was launched during the period.

o Powys' diverse communities and third sector organisations have improved access to PAVO services and activities.

Delivered a range of activities and services in varying locations and digitally to maximise access for all geographical areas in Powys, and to meet the needs of all communities. The Equality, Diversity and Inclusion Policy was revised and updated, and training provided for staff.

o PAVO is a 'digital first' organisation.

Used a wide range of digital applications to maximise access to information and resources. Increased the use of digital solutions to manage internal processes more efficiently. Commissioned and implemented an updated Customer Relation Management (CRM) system for the Community Connectors and Powys Befriending Service.

o PAVO does all it can to tackle climate change and improve sustainability.

Developed and approved a Carbon Reduction Plan, established a trustee-led working group to focus on the action plan. Retained the opportunity for hybrid working for staff, and promoted virtual meetings wherever practical thereby reducing travel emissions.

Page 6

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

o PAVO is effectively governed and managed.

Carried out all necessary tasks to ensure the good governance and effective running of the organisation, identifying and managing risks to fulfilling our strategic purpose and to our sustainability. Developed, implemented and monitored the annual PAVO budget to deliver the 2023-24 operational business plan. Continued to carry out the internal audit programme and review of policies and procedures. This year the internal audit programme focussed on: Safeguarding and Professional Boundaries, Volunteering Policy and Procedures, Equality, Diversity and Inclusion and Monitoring and Evaluation. The Annual Staff Survey was carried out and reported to Board. The biannual Stakeholder Survey took place during the year with a record number of respondents, satisfaction rates and reports of positive outcomes remained high. The organisation uses the internal audit programme and the surveys to identify issues and drive forward continuous improvement.

FINANCIAL REVIEW

Principal funding sources

Overall income generated from trading activities in accordance with its objectives during the year totalled £57,435 (£54,940 - 2023). This included £17,694 (£30,268 - 2023) from all training activities and £22,187 (£17,670 - 2023) from the bookkeeping service. The principal sources of funding, however, continue to be grants, contracts and service level agreements, mainly with national and local government and other statutory agencies and with charitable trusts.

Total funds distributed during the year totalled £591,324 (£691,980 - 2023). £170,000 was distributed through the Social Value Forum, £200,000 through the Shared Prosperity Fund. A total of £221,324 was distributed through an additional nine grant schemes. The grant funds for which PAVO acted as sponsor during the year were principally funded by Powys Teaching Health Board and Powys County Council.

Investment policy and objectives

Under the Memorandum and Articles of Association, the charity has the power to make any investment that the trustees judge to be appropriate in the interests of the organisation. During the year PAVO Trustees agreed to invest funds with Flagstone a leading cash deposit platform following recommendations from Partners. At the year end PAVO had invested £470,000 with them in order to maximise return.

Reserves policy

At 31st March 2024 PAVO held total funds of £1,672,868 (£1,492,550 - 2023). Of these funds £605,518 (£491,181 - 2023) are restricted and not therefore available for general purposes. Of the remaining £1,067,350 (£1,001,369 - 2023) unrestricted funds, no funds have been designated or otherwise committed. £245,778 (£245,358 - 2023) of the unrestricted funds can only be realised by disposing of tangible fixed assets, giving free reserves of £821,572 (£756,011 - 2023).

The accounts at the 31 March 2024 show Net income over expenditure of £180,318, of which £114,337 (deficit of (15,169) - 2023) are restricted funds and £65,981 (£54,266 - 2023) unrestricted.

Established good practice is that charities should hold reserves equivalent to six months of operating costs. PAVO trustees have agreed that the level of reserves held by PAVO should permit the organisation to deliver its services for a period of six months, including long term lease commitments. Based on 2024/25 budgets this amounts to £881,649 (£762,797 - 2023).

The trustees are satisfied that the increased contributions that it is having to make to the PCC pension scheme can continue to be made from projected future income without impact on its planned levels of charitable expenditure. Following the completion of a risk sharing agreement with PCC, PAVO is no longer liable for past service liabilities, the risk of which has passed to PCC.

Page 7

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW

Pensions

The charity operates a stakeholder pension scheme for all staff other than three long term employees who are members of the PCC scheme, which has been closed for new members since 2005. Following PAVO's auto enrolment staging date in October 2015, all new and current eligible staff have been auto enrolled into this scheme. Staff have the option to opt out of the auto-enrol scheme if they wish and a number have chosen to do so. One member of staff has opted out of the scheme in favour of their own personal pension plan.

The charity participates in the Powys County Council Pension Fund. Up until 31st March 2016 FRS 17 was fully implemented in the financial statements. PAVO has since signed a risk sharing arrangement with Powys County Council. Under this agreement the requirement to make contributions towards any deficit is limited to the possibility of payments in respect of excessive salary increases. It is therefore more appropriate that the pension costs are accounted for on a defined contribution basis, as the risk sharing arrangement means that the definition is more closely related to that definition.

FUTURE PLANS

The organisation has in place a Strategic Plan to cover the period from 2022-2027 to deliver PAVO's strategic purposes: PAVO is a CATALYST for voluntary action, PAVO articulates a legitimate VOICE on behalf of Powys's Communities and Third Sector and PAVO is a HUB of essential information as well as PAVO is effectively governed and managed. The organisational values were revisited, refreshed and updated. The plan identifies the outcomes we hope to achieve for third sector organisations, communities and individuals. Our identified outcomes contribute to each of our strategic purposes and (working as part of Third Sector Support Wales - TSSW) the key pillars of Good Governance, Effective Influence & Strategic Engagement, Volunteering and Resourcing a Sustainable Sector. TSSW have also introduced three Strategic Goals which are also reflected within the PAVO Strategic Outcomes.

Each year PAVO creates a business plan that outlines the activities planned for the year in order to deliver the strategic purposes. A robust analysis of the operating environment has been carried out, and the actions contained within the Business Plan for 2024-25 is set within the context of the identified opportunities and challenges facing both the organisation and the wider third sector.

The Business Plan sets out the positive outcomes for organisations and individuals which we plan to contribute towards achieving. We plan to deliver a range of activities, projects and services, most of which will contribute to more than one of our strategic purposes.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The organisation is a registered charity that was constituted as a company limited by guarantee in 1998 and is therefore governed by a Memorandum and Articles of Association. In line with good practice the Board reviewed the governing document in 2021 and the latest version was adopted at the AGM in November 2021.

Membership is open to third sector organisations as defined in Article 4(3) (a) and town and community councils in Powys. In accordance with Article 30(2) prospective members must apply to the Charity in the form required by the Trustees and be approved by the Trustees. At 31 March 2023, the organisation had 833 members. In the event of the company being wound up members are required under Article 3 of the Memorandum and Articles of Association to contribute an amount not exceeding £10.

Page 8

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The Directors of the company are also charity trustees for the purposes of charity law and trustees add value to the board in many different ways. A trustee may act in various capacities and these are all taken into consideration when identifying the skills and attributes required of a new trustee.

The procedure for recruitment and appointment of trustees ensures that an audit of competencies, experience and interest of the current board and of those members who are due to retire or stand down is undertaken before the recruitment process begins.

While nominations from member organisations remain the foundation of the process, the competencies audit is a proactive approach to recruitment among the membership that assists in identifying individuals who might bring the requisite qualities, competency and experience to the PAVO board, while also reflecting the diverse interests of the membership and the ethos of PAVO.

Organisational structure

A new governance structure, reflecting the growth of the organisation and the complexity of its operations, was introduced in 2002 and was updated in November 2010 to a maximum of 9 trustees to be elected, together with up to 3 co-opted and up to 3 ex-officio trustees. Where appropriate, advisory groups that focus on specific projects continue to assist PAVO staff to achieve the outcomes of their projects.

The Chief Executive Officer has delegated powers to exercise all of PAVO's functions not expressly reserved or otherwise delegated by the board. A schedule of these delegated powers is attached to the Rules of the organisation and any delegation of these powers may be exercised by any officer authorised by the Chief Executive Officer either generally or specifically. However, the Chief Executive Officer retains accountability for any delegated function carried out by another PAVO officer.

An Executive Management Team, comprising the Heads of Internal Services, Third Sector Development and Health, Wellbeing and Partnerships, meets regularly, a wider Management Team which includes Senior Officers meets quarterly. These tiers of management assist the Chief Executive Officer in the exercising of the delegated powers and operational management of the organisation.

Induction and training of new trustees

The recruitment and appointment process is structured to ensure that newly appointed trustees have a sound knowledge of the working and structure of the organisation. This is underpinned by the provision of a comprehensive trustee induction pack.

All new trustees receive induction training during the month following their appointment and this is followed up by a further programme of training that is delivered regularly to the whole Board.

Pay policy for senior staff

The directors consider that the board of trustees, and the Executive Management Team, comprising of the Chief Officer and Heads of Department, constitute the key governance and management personnel of the charity responsible for directing, implementing and monitoring the purpose and business of the charity. Trustees are not remunerated but are entitled to claim reimbursement of reasonable expenses of office. Details of trustees' expenses and related party transactions are disclosed in notes 11and 21 to the accounts.

The remuneration of the CEO is reviewed by a remuneration committee, a sub-group of the board of trustees. The committee makes recommendations to the board regarding CEO remuneration. The trustees benchmark CEO pay against comparable roles and organisations. The salaries of other staff members, including senior managers, are referenced by the National Joint Council for Local Government Services NJC. All pay levels are reviewed annually and normally change in line with any agreement reached through the NJC should the trustees consider that this is appropriate in light of the budget forecasts for the coming period.

Page 9

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Related parties

It is inevitable, given the stated objects of the organisation (see below), that much of the work of the organisation involves working closely with national and local government and other statutory agencies, including the Welsh Government, Powys County Council and the Powys teaching Health Board, with other voluntary organisations, both in Powys and throughout Wales, including the Wales Council for Voluntary Action and other County Voluntary Council partners in the Third Sector Support Wales (TSSW) partnership and with the voluntary and community groups, numbering more than four thousand, that operate in Powys. Systems are in place for trustee declarations of related parties and required transaction disclosures, in 2020 the process was extended to staff and is renewed annually.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

A comprehensive risk register was established detailing the risks, current controls in place to mitigate the risks, any further action required, monitoring processes, responsibility for monitoring and assessment and review dates for each of the following areas of potential risk:-

Finance Governance and management Operations Environment and external factors Compliance

The assessments have established that there are no major areas with a high level of uncontrolled risk. They have also enabled the Board of Trustees to develop a risk management action plan to ensure that, wherever possible, further controls are introduced in areas that are currently assessed as presenting a medium or medium to low risk. The full risk register was reviewed by the Senior Management staff in the Spring of 2023 and the review established that no significant changes are required, however a number of small changes were made to reflect the updated context within which the organisation is operating in. The full risk register was reviewed by the Board in 2024.

This overarching assessment of organisational risk is supplemented not only by annual reviews of the assessments of risks to the health, safety and welfare of staff but also by a systematic process for the identification of risk in respect of new projects and initiatives and the relevant control measures or mitigations.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

Page 10

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Report of the Trustees for the Year Ended 31 March 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 27 September 2024 and signed on its behalf by:

Mr J Burt - Trustee

Page 11

Report of the Independent Auditors to the Members of Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Opinion

We have audited the financial statements of Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 12

Report of the Independent Auditors to the Members of Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 13

Report of the Independent Auditors to the Members of Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

-we identified the laws and regulations applicable to the charitable company through discussions with management, and from our knowledge and experience of the charity sector;

-we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including relevant legislation such as the Companies Act 2006, taxation legislation, employment, environmental and health and safety legislation; -we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we: -performed analytical procedures to identify any unusual or unexpected relationships; -reviewed nominal ledgers and tested journal entries reports to identify unusual transactions;

-assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-agreeing financial statement disclosures to underlying supporting documentation;

-reading the minutes of meetings of those charged with governance;

-reviewing correspondence with HMRC.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 14

Report of the Independent Auditors to the Members of Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Thomas Landers BA FCA (Senior Statutory Auditor) for and on behalf of Morgan Griffiths LLP Chartered Accountants Statutory Auditor Cross Chambers 9 High Street Newtown Powys SY16 2NY

27 September 2024

Page 15

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Grants and Donations
Investment income
3
Other income
5
Total
EXPENDITURE ON
Charitable activities
6
Grants
Expenditure for operational objectives
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.3.24
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
80
-
80
473,392
2,102,588
2,575,980
14,377
-
14,377
52,940
4,499
57,439
540,789
2,107,087
2,647,876
70,064
521,260
591,324
404,736
1,471,498
1,876,234
474,800
1,992,758
2,467,558
65,989
114,329
180,318
1,001,369
491,181
1,492,550
1,067,358
605,510
1,672,868		 31.3.23
Total
funds
£
5,050
2,555,936
2,702
54,940
2,618,628
691,980
1,887,551
2,579,531
39,097
1,453,453
1,492,550

The notes form part of these financial statements

Page 16

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys (Registered number: 03522144)

Balance Sheet 31 March 2024

Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Debtors
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
20
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.24
£
245,768
10
245,778
577,755
1,125,171
1,702,926
(275,836)
1,427,090
1,672,868
1,672,868
1,067,358
605,510
1,672,868		 31.3.23
£
245,348
10
245,358
438,927
1,022,649
1,461,576
(214,384)
1,247,192
1,492,550
1,492,550
1,001,369
491,181
1,492,550

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2024 and were signed on its behalf by:

Mr J Burt - Trustee

The notes form part of these financial statements

Page 17

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Cash Flow Statement for the Year Ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 31.3.24
£
89,445
89,445
(1,300)
14,377
13,077
102,522
1,022,649
1,125,171		 31.3.23
£
112,893
112,893
-
2,702
2,702
115,595
907,054
1,022,649

The notes form part of these financial statements

Page 18

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Cash Flow Statement for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.24 31.3.23
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 180,318 39,097
Adjustments for:
Depreciation charges 880 2,533
Interest received (14,377) (2,702)
(Increase)/decrease in debtors (138,828) 206,288
Increase/(decrease) in creditors 61,452 (132,323)
Net cash provided by operations 89,445 112,893
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 1,022,649 102,522 1,125,171
1,022,649 102,522 1,125,171
Total 1,022,649 102,522 1,125,171

The notes form part of these financial statements

Page 19

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% on cost and 20% on reducing balance

Land and buildings - the charity follows a programme of regular refurbishment and maintenance of its property in order to maintain it to a high standard. Accordingly, in the opinion of the trustees, any element of depreciation would be immaterial and therefore no provision has been made.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 20

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Grants and Donations
Grants received, included in the above, are as follows:
Wales Council for Voluntary Action
PCC Funding to deliver specific projects / services
PtHB Funding to deliver specific projects / services
Other
Garreg Lwyd Windfarm
Moondance
Big Lottery
Cambrian Rail
Refugee Support
HOWL Development Co
Transport For Wales
5.
OTHER INCOME
Expenses recovered
Sundry income
Training
Book keeping and payroll		 31.3.24
£
80
31.3.24
£
14,377
31.3.24
£
2,575,980
31.3.24
£
458,797
469,063
1,426,899
17,531
103,868
-
-
-
-
26,242
73,580
2,575,980
31.3.24
£
456
17,102
17,694
22,187
57,439		 31.3.23
£
5,050
31.3.23
£
2,702
31.3.23
£
2,555,936		 31.3.23
£
5,050
31.3.23
£
2,702
31.3.23
£
495,058
413,324
1,443,964
14,787
96,660
43,768
18,375
20,000
10,000
-
-
2,555,936
31.3.23
£
292
6,710
30,268
17,670
54,940

Page 21

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

6. CHARITABLE ACTIVITIES COSTS

Direct
Costs (see
note 7)
£
Grants
-
Expenditure for operational
objectives
1,857,792
1,857,792
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rent and rates
Building and equipment maintenance
Heat,light and cleaning
Postage and telephone
Stationery and printing
Advertising
Sundries
Travel and subsistence
Staff training and courses
Publications and journals
Subscriptions
Meetings and conferences
Computer running costs
Vehicle Maintenance
Contracts/freelance
Recruitment
Volunteer's Expenses
Translations
Infoengine
Staff Welfare
CRB checks
Depreciation		 Grant
funding of
activities
(see note
8)
£
591,324
-
591,324		 Support
costs (see
note 9)
£
-
18,442
18,442
31.3.24
£
1,582,828
20,650
2,332
15,740
28,039
16,324
1,373
1
24,605
7,308
391
1,650
11,748
33,800
2,622
81,851
807
5,014
2,592
16,042
717
478
880
1,857,792		 Totals
£
591,324
1,876,234
2,467,558
31.3.23
£
1,470,754
15,289
17,932
10,517
25,351
8,165
1,378
3,830
14,407
11,121
120
2,217
7,233
60,395
1,941
168,298
2,679
20,985
2,823
15,768
1,004
664
2,533
1,865,404

Page 22

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

8. GRANTS PAYABLE

GRANTS PAYABLE
Grants
The total grants paid to institutions during the year was as follows:
Volunteer Centre
Social Value Development Grants
Small Health Grants
Garreg Lwyd Windfarm Grants
Gwirvol/Youth Led Grants
Heart Of Wales Line Grants
Various
CRF Localities initiative grant
Comic Relief
Refugee Support
Shared Propserity
Connected Communities
Mick Bates		 31.3.24
£
591,324
31.3.24
£
59,872
170,000
21,760
98,801
6,200
9,500
-
-
-
4,691
200,000
17,000
3,500
591,324		 31.3.23
£
691,980
31.3.23
£
63,863
170,000
21,760
114,952
3,690
-
39,138
209,934
63,333
5,310
-
-
-
691,980

See note 22 for a full breakdown of grants distributed during the year ended 31st March 2024.

9. SUPPORT COSTS

10.

Expenditure for operational objectives
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets		 Governance
Finance
costs
£
£
217
18,225
31.3.24
£
6,000
880		 Totals
£
18,442
31.3.23
£
5,700
2,533

Page 23

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

Reimbursements made to Trustees in respect of travel expenses incurred by two (2023 two) Trustees in the performance of their duties amount to £342 (2023: £199).

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.24
£
1,365,057
120,700
97,071
1,582,828		 31.3.23
£
1,264,804
114,969
90,981
1,470,754

The average monthly number of employees during the year was as follows:

Project
Support		 31.3.24
47
8
55		 31.3.23
44
8
52

No employees received emoluments in excess of £60,000.

The total emoluments for key management personnel, as defined in the Report of the Trustees (page 1), were £199,602 (2023: £173,277).

As at 31st March 2024 there were 53 (2023: 50) employees accruing benefits under money purchase pension schemes and 3 (2023: 3) employees accruing benefits under the Powys County Council defined benefit pension scheme.

The charity participates in the Powys County Council Pension Fund which has both defined benefit and defined contribution sections. The requirement to make contributions towards any deficit is limited to the possibility of payments in respect of excessive salary increases. Therefore the pension costs are accounted for on a defined contribution basis.

Page 24

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,050
Charitable activities
Grants and Donations
537,120
Investment income
2,702
Other income
52,879
Total
597,751
EXPENDITURE ON
Charitable activities
Grants
89,314
Expenditure for operational objectives
454,171
Total
543,485
NET INCOME/(EXPENDITURE)
54,266
RECONCILIATION OF FUNDS
Total funds brought forward
947,107
TOTAL FUNDS CARRIED FORWARD
1,001,373
14.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2023
457,630
Additions
-
At 31 March 2024
457,630
DEPRECIATION
At 1 April 2023
214,515
Charge for year
-
At 31 March 2024
214,515
NET BOOK VALUE
At 31 March 2024
243,115
At 31 March 2023
243,115		 Restricted
funds
£
-
2,018,816
-
2,061
2,020,877
602,666
1,433,380
2,036,046
(15,169)
506,346
491,177
Plant and
machinery
£
164,746
1,300
166,046
162,513
880
163,393
2,653
2,233		 Total
funds
£
5,050
2,555,936
2,702
54,940
2,618,628
691,980
1,887,551
2,579,531
39,097
1,453,453
1,492,550
Totals
£
622,376
1,300
623,676
377,028
880
377,908
245,768
245,348

Page 25

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

15. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2023 and 31 March 2024 10
NET BOOK VALUE
At 31 March 2024 10
At 31 March 2023 10

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

PAVO owns the whole of the issued share capital amounting to £10 (1 ordinary share of £10) of Powys Enterprises Ltd which was incorporated on 20th July 2011. From his date through to 31st March 2024 this subsidiary company remained dormant.

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other Creditors		 31.3.24
£
317,656
260,099
577,755
31.3.24
£
199,600
76,236
275,836		 31.3.23
£
438,927
-
438,927
31.3.23
£
66,307
148,077
214,384

Page 26

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
245,768
Investments
10
Current assets
1,097,416
Current liabilities
(275,836)
1,067,358		 Restricted
funds
£
-
-
605,510
-
605,510		 31.3.24
£
26,080
13,659
39,739
31.3.24
Total
funds
£
245,768
10
1,702,926
(275,836)
1,672,868		 31.3.23
£
25,669
27,662
53,331
31.3.23
Total
funds
£
245,348
10
1,461,576
(214,384)
1,492,550

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Page 27

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Health and Social Care
Old Persons Strategy
Arwain - RDP
Mental Health
Community Transport
Continuing Health Care
Increasing Play Opportunities /
Startwell
CVC Cymru
Garreg Lwyd Wind Farm
Powys Befrienders
DHTT
Food Alliance
Welsh Language Development
Community Buildings Officer
Community Development
H & WB Homelessness
H & WB Older People's Forum
Volunteering Project
Winter Pressures / Welfare Calls
Heart Of Wales
TOTAL FUNDS		 At 1.4.23
£
1,001,369
125,334
14,472
2,068
118,894
42,899
41,402
34,415
6,858
4,563
2,192
6,641
3,453
2,658
16,921
8,280
7,008
7,289
40,632
5,202
-
491,181
1,492,550		 Net
movement
in funds
£
65,989
20,328
-
-
15,297
-
-
-
-
5,067
-
-
-
(129)
-
5,155
-
-
3,991
-
64,620
114,329
180,318		 At
31.3.24
£
1,067,358
145,662
14,472
2,068
134,191
42,899
41,402
34,415
6,858
9,630
2,192
6,641
3,453
2,529
16,921
13,435
7,008
7,289
44,623
5,202
64,620
605,510
1,672,868

Page 28

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Health and Social Care
Social Value Forum
Community Connectors
Mental Health
Community Transport
Garreg Lwyd Wind Farm
Powys Befrienders
Welsh Language Development
Community Buildings Officer
Community Development
Digital Volunteering
H & WB Health Promotion Facilitator
H & WB Older People's Forum
Start Well
Volunteering Project
H & WB Macmillan Cancer Care
Heart Of Wales
Shared Prosperity
SPF Numeracy
SPF Skills
TOTAL FUNDS		 Incoming
resources
£
540,789
140,020
227,635
565,924
96,609
21,760
103,868
216,549
41,649
78,314
30,347
29,826
79,635
25,242
10,712
-
28,536
115,476
247,782
13,631
33,572
2,107,087
2,647,876		 Resources
expended
£
(474,800)
(119,692)
(227,635)
(565,924)
(81,312)
(21,760)
(98,801)
(216,549)
(41,778)
(78,314)
(25,192)
(29,826)
(79,635)
(25,242)
(10,712)
3,991
(28,536)
(50,856)
(247,782)
(13,631)
(33,572)
(1,992,758)
(2,467,558)		 Movement
in funds
£
65,989
20,328
-
-
15,297
-
5,067
-
(129)
-
5,155
-
-
-
-
3,991
-
64,620
-
-
-
114,329
180,318

Page 29

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Health and Social Care
Old Persons Strategy
Arwain - RDP
Mental Health
Community Transport
Continuing Health Care
Increasing Play Opportunities /
Startwell
CVC Cymru
Garreg Lwyd Wind Farm
Powys Befrienders
DHTT
Food Alliance
Welsh Language Development
Community Buildings Officer
Community Development
CRF Localities Initiative
CRF Skills & Learning
Digital Co-ordinator
H & WB D2RA inc Florence
H & WB Homelessness Project
H & WB Older People's Forum
Volunteering Project
Winter Pressures / Welfare Calls
TOTAL FUNDS		 At 1.4.22
£
947,107
121,221
14,472
-
115,346
42,899
41,402
34,415
6,858
17,769
2,192
6,641
3,453
-
2,423
-
24,738
25,583
12,907
5,138
7,008
7,289
14,592
-
506,346
1,453,453		 Net
movement
in funds
£
54,262
4,113
-
2,068
3,548
-
-
-
-
(13,206)
-
-
-
2,658
14,498
8,280
(24,738)
(25,583)
(12,907)
(5,138)
-
-
26,040
5,202
(15,165)
39,097		 At
31.3.23
£
1,001,369
125,334
14,472
2,068
118,894
42,899
41,402
34,415
6,858
4,563
2,192
6,641
3,453
2,658
16,921
8,280
-
-
-
-
7,008
7,289
40,632
5,202
491,181
1,492,550

Page 30

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Health and Social Care
Social Value Forum
Community Connectors
Arwain - RDP
Mental Health
Increasing Play Opportunities /
Startwell
Garreg Lwyd Wind Farm
Powys Befrienders
Welsh Language Development
Amser I Ni
Community Buildings Officer
Community Development
Community Development N Powys
CRF Localities Initiative
CRF Skills & Learning
Digital Co-ordinator
H & WB D2RA inc Florence
H & WB Health Promotion Facilitator
H & WB Homelessness Project
H & WB Older People's Forum
H & WB Substance Misuse
Volunteering Project
H & WB North Health Promotion
Facilitator
Winter Pressures / Welfare Calls
TOTAL FUNDS		 Incoming
resources
£
597,751
133,567
226,426
527,968
2,068
85,223
35,001
101,746
184,755
41,750
29,999
43,766
116,060
6,927
340,644
2,854
(1)
(5,138)
33,126
18,376
22,970
6,249
45,040
6,299
15,202
2,020,877
2,618,628		 Resources
expended
£
(543,489)
(129,454)
(226,426)
(527,968)
-
(81,675)
(35,001)
(114,952)
(184,755)
(39,092)
(29,999)
(29,268)
(107,780)
(6,927)
(365,382)
(28,437)
(12,906)
-
(33,126)
(18,376)
(22,970)
(6,249)
(19,000)
(6,299)
(10,000)
(2,036,042)
(2,579,531)		 Movement
in funds
£
54,262
4,113
-
-
2,068
3,548
-
(13,206)
-
2,658
-
14,498
8,280
-
(24,738)
(25,583)
(12,907)
(5,138)
-
-
-
-
26,040
-
5,202
(15,165)
39,097

Page 31

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Health and Social Care
Old Persons Strategy
Arwain - RDP
Mental Health
Community Transport
Continuing Health Care
Increasing Play Opportunities /
Startwell
CVC Cymru
Garreg Lwyd Wind Farm
Powys Befrienders
DHTT
Food Alliance
Welsh Language Development
Community Buildings Officer
Community Development
CRF Localities Initiative
CRF Skills & Learning
Digital Co-ordinator
H & WB D2RA inc Florence
H & WB Homelessness Project
H & WB Older People's Forum
Volunteering Project
Winter Pressures / Welfare Calls
Heart Of Wales
TOTAL FUNDS		 At 1.4.22
£
947,107
121,221
14,472
-
115,346
42,899
41,402
34,415
6,858
17,769
2,192
6,641
3,453
-
2,423
-
24,738
25,583
12,907
5,138
7,008
7,289
14,592
-
-
506,346
1,453,453		 Net
movement
in funds
£
120,251
24,441
-
2,068
18,845
-
-
-
-
(8,139)
-
-
-
2,529
14,498
13,435
(24,738)
(25,583)
(12,907)
(5,138)
-
-
30,031
5,202
64,620
99,164
219,415		 At
31.3.24
£
1,067,358
145,662
14,472
2,068
134,191
42,899
41,402
34,415
6,858
9,630
2,192
6,641
3,453
2,529
16,921
13,435
-
-
-
-
7,008
7,289
44,623
5,202
64,620
605,510
1,672,868

Page 32

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Health and Social Care
Social Value Forum
Community Connectors
Arwain - RDP
Mental Health
Community Transport
Increasing Play Opportunities /
Startwell
Garreg Lwyd Wind Farm
Powys Befrienders
Welsh Language Development
Amser I Ni
Community Buildings Officer
Community Development
Community Development N Powys
CRF Localities Initiative
CRF Skills & Learning
Digital Co-ordinator
Digital Volunteering
H & WB D2RA inc Florence
H & WB Health Promotion Facilitator
H & WB Homelessness Project
H & WB Older People's Forum
H & WB Substance Misuse
Start Well
Volunteering Project
H & WB North Health Promotion
Facilitator
Winter Pressures / Welfare Calls
H & WB Macmillan Cancer Care
Heart Of Wales
Shared Prosperity
SPF Numeracy
SPF Skills
TOTAL FUNDS		 Incoming
resources
£
1,138,540
273,587
454,061
1,093,892
2,068
181,832
21,760
35,001
205,614
401,304
83,399
29,999
122,080
146,407
6,927
340,644
2,854
(1)
29,826
(5,138)
112,761
18,376
48,212
6,249
10,712
45,040
6,299
15,202
28,536
115,476
247,782
13,631
33,572
4,127,964
5,266,504		 Resources
expended
£
(1,018,289)
(249,146)
(454,061)
(1,093,892)
-
(162,987)
(21,760)
(35,001)
(213,753)
(401,304)
(80,870)
(29,999)
(107,582)
(132,972)
(6,927)
(365,382)
(28,437)
(12,906)
(29,826)
-
(112,761)
(18,376)
(48,212)
(6,249)
(10,712)
(15,009)
(6,299)
(10,000)
(28,536)
(50,856)
(247,782)
(13,631)
(33,572)
(4,028,800)
(5,047,089)		 Movement
in funds
£
120,251
24,441
-
-
2,068
18,845
-
-
(8,139)
-
2,529
-
14,498
13,435
-
(24,738)
(25,583)
(12,907)
-
(5,138)
-
-
-
-
-
30,031
-
5,202
-
64,620
-
-
-
99,164
219,415

Page 33

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

21. RELATED PARTY DISCLOSURES

Trustee / Senior Management Team Amount
Organisation
Income £
Powys County Council Cllr William Powell 472,071
Margaret Evitts
Gary Mitchell
William Denston
Expenditure
Powys County Council Cllr William Powell 1,045
Margaret Evitts
Gary Mitchell
William Denston
Rhayader & District Community
Support Mrs T Buchan 5,351
Credu Margaret Evitts 2,000
Ponthafren Association Jamie Burt 156,854
Institute of Welsh Affairs Jamie Burt 54
Citizens advice Bureau Peter Swanson 15,972
Cultivate Cooperative Gary Mitchell 39,114

Page 34

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

22. GRANTS PAYABLE BY INSTITUTION

Volunteer Bureau/Community
Support		 £
Social Value Dev Fund		 £
Brecon Volunteer Bureau Gofod Gwneud Machynlleth
7,983
Makerspace CIC / Machspace		 19,613
Ystradgynlais Volunteer Centre 7,983
Accessibility Powys		 51,495
Crickhowell Volunteer Bureau 7,983
Llanwrtyd Wells CT Project		 15,055
North Montgomeryshire Vol Bureau 7,983
Ponthafren Association		 68,990
Rhayader & District Comm. Support 7,983
Welshpool Community Haven		 14,847
Knighton & District Community Centre 7,983
Taj Mahal Community Hub
 3,992
 170,000
Ecodyfi 3,992
Ponthafren Association 5,987
PTHB - Community Transport Grant
CAMAD -1,997
Brecon Dial a Ride		 1,360
Builth Wells Community Support 1,360
59,872
CAMAD
 1,360
Crickhowell Volunteer Bureau 1,360
Garreg Lwyd Windfarm Dyfi Valley Dial a ride 1,360
Llanbadarn Fynydd Village Hall 4,790
Hay & District Dial-A-Ride		 1,360
Llanbadarn Fynydd Parish Church 4,500
Knighton & District Community Support		 1,360
Llanbister Show & Sports 3,240
Oswestry Community Action /QUBE		 1,360
Beguildy Community Council Llanidloes & District comm trans
8,137
scheme		 1,360
Llanbister Cylch Ti a Fi 1,400
Llanwrtyd Wells CT Project		 1,360
Llanbister Community Council 760
Newtown Dial-A-Ride		 1,360
Bettws Y Crwyn Parish Hall 9,372
North Montgomeryshire Vol Bureau		 1,360
Sarn YFC Presteigne & Norton Com Supp
2,500
Transport		 1,360
Black Mountain Chapel Trustees 4,715
Rhayader & District Comm. Support		 1,360
The Bettws Triangle 4,776
Welshpool Community Transport		 1,360
Friends of St Michaels School 2,805
Ystradgynlais Community Car Scheme		 1,360
Felindre Village Hall (nr Knighton) 5,925
Kerry Football Club 8,100 21,760
Dolfor Women's Institute 300
Gravel Baptist Chapel 775
Gwirfol
William Buckley Pugh Memorial Hall 7,100
Stiwdio Dyfi		 1,500
Knucklas & District Community Centre Going Green For A Living/Junior
1,024
Startwell Board		 1,140
Curlew Hotline 1,500
Pontfaen Y F C		 630
Llanbadarn Ffynydd Community Shop 11,484
Llandefalle YFC		 680
Llanbister Church & Church Wardens 2,781
Ystradfellte YFC		 1,250
Radnor Federation of YFC 1,000
Clwb Ieuenctid Machynlleth IMY CIC		 1,000
Llanbister Community Hall 4,680
Llanbister Best Kept Village Group
 200
 6,200
Pound Baptist Chapel 5,937
Cantal YFC 1,000
98,801

Page 35

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

22. GRANTS PAYABLE BY INSTITUTION - continued

Refugee Support Heart of Wales Line Grant Scheme
Hay & District Sanctuary for Refugees 1,500
Port Tennant Playgroup		 250
Wilderness Ltd Shropshire Tourism (UK) Ltd T/A Visit
1,500
Shropshire		 500
Henderson Hall Trust 1,691
Unity in Diversity
 425
Boardability CIC 428
Shared Prosperity Fund Ffrindiau Bettws / Friend of Bettws 460
Citizens Advice Powys 6,106
Antioch Centre		 480
Flora Cultura 12,525
The Family Foundation		 490
Judge's Lodgeing Trust Ltd 13,562
Groundforce Swiss Valley		 497
Llais Y Goedwig 20,000
4 All Foundation		 500
L.L.A.N.I Limited 9,048
Friends of HOWL		 500
Peak - Art in the Black Mountains Ltd 15,000
One Heart Drummers		 500
Oswestry Community Action /QUBE 11,267
Swansea Mosque		 500
Three Cocks Matters Comm Group 14,723
Llanelli Men Shed		 475
Arts Connection Llanwrtyd Wells Community Play Park
1,960
Project / Smart Money Cymru		 495
Menter Iaith Maldwyn 23,049
Llandeilo Lit Fest		 500
Welfare Ystradgynlais Llandrindod Wells Junior Girls Football
24,996
Club		 500
Josef Herman Art Foundation Cymru 9,800
Builth Pottery Hwb /MOCA Cymru		 500
Cultivate (Cwm Harry) Cyfyngedig Penyrheol Primary School/Bantani
18,601
Cymru		 500
Friends of the Royal Welsh
Regimental Museum		 8,510
Whitton Women's Institute		 500
Rhayader Town Council 5,501
Llangadog Community Centre		 500
Artbeat Brecon CIC 4,672
Llangattock Green Valleys CIC
 184
 9,500
Newtown Textile Museum 200
Welshpool 1940s Weekend Connected Communities - Lonliness
296
& Isolation Fund
Ennyn CIC 2,500
CARAD Rhayader Museum And
200,000
Gallery		 2,500
Mid Powys Mind 2,500
Mick Bates Grant Macular Disease Society 2,500
Llanfair Caereinion Football Club 600
Man's Shed Llanfyllin		 2,500
Llanfair Caereinion Institute &
Community Cafe		 600
Wilderness Trust		 2,500
Llanfair Caereinion Bowling Club 1,000
Credu (Powys Carers Service)		 2,000
New Life Church 1,000
Ysgol Feithryn Dyffryn Banw 300 17,000
3,500

Page 36