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← Powys Association Of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

2025-03-31-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 2025

for

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

D.R.E. & Co. (Audit) Limited 7 Lower Brook Street Oswestry Shropshire SY11 2HG

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Contents of the Financial Statements for the Year Ended 31 March 2025

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 38

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES Mrs W C Beaven
Mrs P A Buchan (resigned 7.11.24)
Mr J Burt
Mrs M H Evitts
Mrs D C Jones (resigned 7.11.24)
Mr G Mitchell
Cllr. W D Powell
Mr P R Swanson
Mrs M Francis
Ms L Griffiths (appointed 7.11.24)
Ms J E Owen Adams (appointed 27.9.24)
Mr D R Price (appointed 7.11.24)
Ms E Wozencraft (appointed 29.11.24)
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 D.R.E. & Co. (Audit) Limited
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG
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 - left 31 January 2025
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 2025

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 2025. 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 2024-2025 details the operational objectives that were set for the year under each strategic purpose, to deliver these planned outcomes.

Half-yearly 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.

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

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENTS 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 1189 Activities delivered to support trustees

o 1286 Occasions when support provided to improve resilience and sustainability

o 669 Organisations provided with advice and guidance

o 286 People received support from Powys Befriending Service

During this financial year there were a number of short-term funded projects resulting in a temporary increase in officer capacity and an increased opportunity for bespoke organisational support, this is reflected in higher than average statistics for organisational and trustee support. It was valuable for the sector to have access to specialist support for certain areas of organisational leadership and management.

Governance requests involving legal structures and documents is proving to be a growth area.

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

PAVO continues to host the Heart of Wales Line Community Rail Officer, and this is proving a valuable partnership with the community and transport sectors.

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

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

Report of the Trustees for the Year Ended 31 March 2025

o 105 Occasions when support provided to organisations to recruit and manage volunteers

o 459 Interactions with organisations involved an element of volunteering

o 153 Volunteers involved in delivering Powys Befriending Service

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.

Short-term funded projects supported improvement of digital skills and digital volunteer placements for individuals, and also the recruitment and support of trustees across the county.

This year the Powys Volunteer Centre was subject to an independent review, recommendations included a rename and rebrand and the project will be known as PAVO Volunteering in Powys in future.

The number of volunteers engaged with Powys Befriending Service has increased during the year, and volunteers are benefitting from an improved volunteer support system.

o 1339 Interactions related to support provided for sustainable funding o £61,995 awarded following PAVO support o £2,707,556 awarded via PAVO grant schemes

The largest proportion of officer 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 a number of short term funded projects with attached grant schemes. The amount distributed by PAVO this year was significantly greater than the previous year.

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 1386 interactions involved the theme of Influence & Engagement

Networks facilitated during the year include Community Buildings Network (Virtual), Powys Agri Wellbeing Support, Powys Advocacy Network, the PAVO Health & Wellbeing Network, Dementia Network, Transport Network, Locality Networks, Volunteer Involvers 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.

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

Report of the Trustees for the Year Ended 31 March 2025

o We created 106 opportunities for service user participation

o We supported understanding or shaping of co-production of services on 353 occasions

o The voice of people or organisations was used to inform service planning on 280 occasions

The Locality Networks have continued to provide an effective mechanism for organisations to share information, network and consider local needs. A dedicated administrator services the networks and manages membership. Information, data and intelligence from the networks influenced service development and planning via the Social Value Forum.

Work continues to support mental health lived experience participation in service planning and development, as does work to facilitate the older people's forum.

The funding for the Health Promotion Facilitator projects ended during the year.

o 133 issues identified through community service, user or carer participation

o 280 occasions where the voice of citizens, service users, carers or third sector organisations was used to inform policy, planning or the development of services

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. Representation at partnership meetings has been subject to review during the year.

PAVO is a HUB of essential information

Planned Outcomes & Measures:

o 873 Members of PAVO

o 855 individuals signed up to a volunteer placement o PAVO recorded 4409 interactions with organisations

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. The Third Sector Support Wales online volunteer management system - Volunteering Wales still continues to pose challenges to PAVO and delivery partners. Recruiting and retaining volunteers remains an issue for the sector, organisations are keen to embed good practice in an effort to promote their volunteering opportunities and are seeking support from PAVO to do so. The Powys Volunteer of the Year Awards celebrated volunteering across the county. For part of the year, the posts of Health and Well-being Information Officer and Mental Health Participation Officer were vacant, resulting in some planned bulletins not going out, capacity was provided within the Administration Team to assist until the posts were filled to ensure that organisations and individuals received timely information.

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

Report of the Trustees for the Year Ended 31 March 2025

o 1341 Participants at PAVO facilitated networks and forums

o 38 Third sector networking events organised.

o 1087 Occasions when joint working arrangements are facilitated in order to improve services

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 is effectively governed and managed

Planned outcomes & measures:

The communications work continued, further improvements in the effectiveness of social media recorded. New leaflets for each department and services were launched. New style e-bulletins were developed during the year.

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. We had additional funding during the year to deliver a variety of projects which promoted inclusion via numeracy and digital skills training, with third sector organisations delivering directly to local communities.

- 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. Delivered a bespoke project during the year to increase digital volunteering opportunities, and support individuals to develop new digital skills.

Retained the opportunity for hybrid working for staff, and promoted virtual meetings wherever practical thereby reducing travel emissions. We commissioned an energy efficiency survey of Unit 30, and obtained quotations for solar panels for installation during the following financial year.

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

Report of the Trustees for the Year Ended 31 March 2025

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 2024-25 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: confidentiality and Data Protection and Equality, Diversity and Inclusion. A considerable number of policies and procedures were reviewed, catching up on the backlog arising from the two years of the pandemic. The Annual Staff Survey was carried out and reported to Board. The organisation uses the internal audit programme and the surveys to identify issues and drive forward continuous improvement and developed a new internal quality assurance system to be rolled out during the next financial year.

FINANCIAL REVIEW

Principal funding sources

Overall income generated from trading activities in accordance with its objectives during the year totalled £53,180 (£57,439 - 2024). This included £13,640 (£17,694 - 2024) from all training activities and £22,110 (£22,187 - 2024) 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 £2,704,681 (£591,324 - 2024). £320,000 was distributed through the Social Value Forum, £2,145,943 through the Shared Prosperity Fund. A total of £238,738 was distributed through an additional seven 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 largely through the SPF program funded from Central Government.

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. PAVO Trustees are currently reviewing the process of investments within the organisation.

Reserves policy

At 31st March 2025 PAVO held total funds of £1,809,655 (£1,672,868 - 2024). Of these funds £635,218 (£605,510 - 2024) are restricted and not therefore available for general purposes. Of the remaining £1,174,437 unrestricted funds, no funds have been designated or otherwise committed. £244,977 (£245,768 - 2024) of the unrestricted funds can only be realised by disposing of tangible fixed assets, giving reserves available to cover 6 months operating costs of £907,140 (£821,590 - 2024).

The accounts at the 31 March 2025 show Net income over expenditure of £136,787 of which £29,708 are restricted funds and £107,079 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 2025/26 budgets this amounts to £935,712 (£881,649 - 2024).

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.

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

Report of the Trustees for the Year Ended 31 March 2025

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.

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 within the plan. 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.

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 2025-26 is set within the context of the identified opportunities and challenges facing both the organisation and the wider third sector. Third Sector Support Wales changed its planning cycle during the last financial year, and introduced a Strategic Business Case for 2025-28. This updated strategic plan moved away from the original strategic purposes and introduced a Theory of Change based set of outcomes. The PAVO Board reviewed these alongside our organisational strategic purposes and outcomes. The Business Plan for 2025-26 reflects the adoption of some of these new outcomes and is formatted differently to previous years.

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.

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

Report of the Trustees for the Year Ended 31 March 2025

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. The Head of Third Sector Development left during the year, and the role has not been replaced. The responsibilities have been absorbed into the remaining Executive Management posts. 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 9 and 20 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.

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

Report of the Trustees for the Year Ended 31 March 2025

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 in 2006, 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 2024 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.

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".

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

Report of the Trustees for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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

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 6 November 2025 and signed on its behalf by:

Mr J Burt - Trustee

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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 (the 'charitable company') for the year ended 31 March 2025 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).

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.

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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 Strategic Report and 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.

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

To address the risk of fraud through management bias and override of controls, we:

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

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 directors 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 mayinvolve deliberate concealment or collusion.

Page 14

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

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.

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.

Aled Davies FCCA (Senior Statutory Auditor) for and on behalf of D.R.E. & Co. (Audit) Limited 7 Lower Brook Street Oswestry Shropshire SY11 2HG

6 November 2025

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 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
5
Grants and Donations
Investment income
4
Other income
6
Total
EXPENDITURE ON
Charitable activities
7
Grants
Expenditure for operational objectives
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.3.25
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
2,556
-
2,556
487,027
4,329,347
4,816,374
25,806
-
25,806
53,080
100
53,180
568,469
4,329,447
4,897,916
73,050
2,631,631
2,704,681
388,340
1,668,108
2,056,448
461,390
4,299,739
4,761,129
107,079
29,708
136,787
1,067,358
605,510
1,672,868
1,174,437
635,218
1,809,655		 31.3.24
Total
funds
£
80
2,575,980
14,377
57,439
2,647,876
591,324
1,876,234
2,467,558
180,318
1,492,550
1,672,868

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 2025

Notes
FIXED ASSETS
Tangible assets
15
Investments
16
CURRENT ASSETS
Debtors
17
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.25
£
244,977
10
244,987
779,865
1,204,153
1,984,018
(419,350)
1,564,668
1,809,655
1,809,655
1,174,437
635,218
1,809,655		 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

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 6 November 2025 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 2025

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		 31.3.25
£
53,176
53,176
-
25,806
25,806
78,982
1,125,171
1,204,153		 31.3.24
£
89,445
89,445
(1,300)
14,377
13,077
102,522
1,022,649
1,125,171

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 2025

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
31.3.25 31.3.24
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 136,787 180,318
Adjustments for:
Depreciation charges 791 880
Interest received (25,806) (14,377)
Increase in debtors (202,110) (138,828)
Increase in creditors 143,514 61,452
Net cash provided by operations 53,176 89,445
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 1,125,171 78,982 1,204,153
1,125,171 78,982 1,204,153
Total 1,125,171 78,982 1,204,153

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 2025

1. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

2. 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 2025

2. ACCOUNTING POLICIES - continued

Financial instruments

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where a transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market rate of interest.

3. DONATIONS AND LEGACIES

Donations
4.
INVESTMENT INCOME
Deposit account interest
5.
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
Refugee Support
HOWL Development Co
Transport For Wales
CVC Cymru		 31.3.25
£
2,556
31.3.25
£
25,806
31.3.25
£
4,816,374
31.3.25
£
475,303
2,551,808
1,571,157
7,381
112,735
5,000
-
92,890
100
4,816,374		 31.3.24
£
80
31.3.24
£
14,377
31.3.24
£
2,575,980		 31.3.24
£
80
31.3.24
£
14,377
31.3.24
£
458,797
469,063
1,426,899
17,531
103,868
-
26,242
73,580
-
2,575,980

Page 21

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. OTHER INCOME

Expenses recovered
Sundry income
Training
Book keeping and payroll
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 8)
£
Grants
-
Expenditure for operational
objectives
2,036,723
2,036,723
8.
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
Carried forward		 Grant
funding of
activities
(see note
9)
£
2,704,681
-
2,704,681		 31.3.25
£
2,210
15,220
13,640
22,110
53,180
Support
costs (see
note 10)
£
-
19,725
19,725
31.3.25
£
1,784,053
17,561
2,498
14,830
21,607
18,584
2,739
60
23,062
1,857
140
3,290
17,391
41,827
4,667
55,127
-
8,875
267
16,042
955
500
2,035,932		 31.3.24
£
456
17,102
17,694
22,187
57,439
Totals
£
2,704,681
2,056,448		 31.3.24
£
456
17,102
17,694
22,187
57,439
4,761,129
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
1,856,912

Page 22

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8.
DIRECT COSTS OF CHARITABLE ACTIVITIES - continued
Brought forward
Depreciation
9.
GRANTS PAYABLE
Grants
The total grants paid to institutions during the year was as follows:
Volunteer Centre
Social Value Development Grants
Community Transport Grants
Small Health Grants
Garreg Lwyd Windfarm Grants
Gwirvol/Youth Led Grants
Heart Of Wales Line Grants
Various
Refugee Support
Shared Propserity
Connected Communities
Mick Bates		 31.3.25
£
2,035,932
791
2,036,723
31.3.25
£
2,704,681
31.3.25
£
63,864
320,000
24,000
26,913
104,552
6,868
-
6,540
6,001
2,145,943
-
-
2,704,681		 31.3.24
£
1,856,912
880
1,857,792
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
See note 22 for a full breakdown of grants distributed during the year ended 31st March 2025.
10. SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Expenditure for operational objectives 247 19,478 19,725

Page 23

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25 31.3.24
£ £
Auditors' remuneration 3,600 6,000
Depreciation - owned assets 791 880

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

Reimbursements made to Trustees in respect of travel expenses incurred by six (2024 two) Trustees in the performance of their duties amount to £727 (2024: £342).

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.25
£
1,540,279
136,737
107,037
1,784,053		 31.3.24
£
1,365,057
120,700
97,071
1,582,828

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

Project
Support		 31.3.25
49
8
57		 31.3.24
47
8
55

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

31.3.25 31.3.24
£70,001 - £80,000 1 -

The total emoluments for key management personnel, as defined in the Report of the Trustees (page 1), were £251,578 (2024: £199,602). This figure includes £29,402 in relation to payments in lieu of notice and redundancy for 1 employee.

As at 31st March 2025 there were 50 (2024: 53) employees accruing benefits under money purchase pension schemes and 3 (2024: 3) employees accruing benefits under the Powys County Council defined benefit pension scheme.

Page 24

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13. STAFF COSTS - continued

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.

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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

Page 25

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. TANGIBLE FIXED ASSETS

COST
At 1 April 2024 and 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
16.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024 and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Freehold
property
£
457,630
214,515
-
214,515
243,115
243,115		 Plant and
machinery
Totals
£
£
166,046
623,676
163,393
377,908
791
791
164,184
378,699
1,862
244,977
2,653
245,768
Shares in
group
undertakings
£
10
10
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 2025 this subsidiary company remained dormant.

Page 26

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25
£
Trade debtors
463,669
Other debtors
316,196
779,865
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
£
Trade creditors
268,767
Other Creditors
150,583
419,350
19.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25
£
Within one year
25,669
Between one and five years
1,165
26,834
20.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.25
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
Fixed assets
244,977
-
244,977
Investments
10
-
10
Current assets
1,348,800
635,218
1,984,018
Current liabilities
(419,350)
-
(419,350)
1,174,437
635,218
1,809,655		 31.3.24
£
317,656
260,099
577,755
31.3.24
£
199,600
76,236
275,836
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

Page 27

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. 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
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
Cambrian Rail Partnership
TOTAL FUNDS		 At 1.4.24
£
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		 Net
movement
in funds
£
107,079
(47)
-
-
3,846
-
-
722
-
2,546
-
-
-
-
-
(1,001)
-
-
-
-
6,557
17,085
29,708
136,787		 At
31.3.25
£
1,174,437
145,615
14,472
2,068
138,037
42,899
41,402
35,137
6,858
12,176
2,192
6,641
3,453
2,529
16,921
12,434
7,008
7,289
44,623
5,202
71,177
17,085
635,218
1,809,655

Page 28

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Social Value Forum
Health and Social Care
Community Connectors
Mental Health
Community Transport
Startwell
Garreg Lwyd Wind Farm
Powys Befrienders
Welsh Language Development
Community Development
Digital Volunteering
H & WB Health Promotion Facilitator
H & WB Older People's Forum
H & WB Macmillan Cancer Care
Heart Of Wales
Shared Prosperity
SPF Numeracy
SPF Skills
Cambrian Rail Partnership
SPF Community Buildings
TOTAL FUNDS		 Incoming
resources
£
568,469
379,942
166,604
562,372
84,731
24,000
40,702
107,098
225,211
44,633
31,913
57,675
34,807
25,240
32,146
71,481
305,391
314,337
60,884
28,790
1,731,490
4,329,447
4,897,916		 Resources
expended
£
(461,390)
(379,942)
(166,651)
(562,372)
(80,885)
(24,000)
(39,980)
(104,552)
(225,211)
(44,633)
(32,914)
(57,675)
(34,807)
(25,240)
(32,146)
(64,924)
(305,391)
(314,337)
(60,884)
(11,705)
(1,731,490)
(4,299,739)
(4,761,129)		 Movement
in funds
£
107,079
-
(47)
-
3,846
-
722
2,546
-
-
(1,001)
-
-
-
-
6,557
-
-
-
17,085
-
29,708
136,787

Page 29

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. 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
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 30

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Social Value Forum
Health and Social Care
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
227,635
140,020
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)
(227,635)
(119,692)
(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 31

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Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. 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
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
Cambrian Rail Partnership
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
£
173,068
20,281
-
-
19,143
-
-
722
-
7,613
-
-
-
(129)
-
4,154
-
-
3,991
-
71,177
17,085
144,037
317,105		 At
31.3.25
£
1,174,437
145,615
14,472
2,068
138,037
42,899
41,402
35,137
6,858
12,176
2,192
6,641
3,453
2,529
16,921
12,434
7,008
7,289
44,623
5,202
71,177
17,085
635,218
1,809,655

Page 32

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

21. 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
Social Value Forum
Health and Social Care
Community Connectors
Mental Health
Community Transport
Startwell
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
Cambrian Rail Partnership
SPF Community Buildings
TOTAL FUNDS		 Incoming
resources
£
1,109,258
607,577
306,624
1,128,296
181,340
45,760
40,702
210,966
441,760
86,282
78,314
62,260
87,501
114,442
50,482
10,712
-
60,682
186,957
553,173
327,968
94,456
28,790
1,731,490
6,436,534
7,545,792		 Resources
expended
£
(936,190)
(607,577)
(286,343)
(1,128,296)
(162,197)
(45,760)
(39,980)
(203,353)
(441,760)
(86,411)
(78,314)
(58,106)
(87,501)
(114,442)
(50,482)
(10,712)
3,991
(60,682)
(115,780)
(553,173)
(327,968)
(94,456)
(11,705)
(1,731,490)
(6,292,497)
(7,228,687)		 Movement
in funds
£
173,068
-
20,281
-
19,143
-
722
7,613
-
(129)
-
4,154
-
-
-
-
3,991
-
71,177
-
-
-
17,085
-
144,037
317,105

Page 33

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Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

22. RELATED PARTY DISCLOSURES

Trustee / Senior Management Team Amount
Organisation
Income £
Powys County Council William Powell 2,821,503
Margaret Evitts
Gary Mitchell
Elin Wozencroft
Jennifier Owen
PTHB Adams 1,223,265
Ponthafren Jamie Burt 34
Llais Powys Myra Francis 1,848
Citizens Advice (Powys) Peter Swanson 40
Montgomery YFC Angela Owen 24
Brecknock YFC Sharon Healey 10
Expenditure
Powys County Council William Powell 944
Margaret Evitts
Gary Mitchell
Elin Wozencroft
Ponthafren Association Jamie Burt 127,620
Brecknock Federation of YFCs David Price 1,500
Citizens advice Bureau Peter Swanson 12,320
Cultivate Cooperative Gary Mitchell 87,777
Montgomery YFC Angela Owen 1,500
Aberhafesp YFC Angela Owen 1,000

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Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

23. GRANTS PAYABLE BY INSTITUTION

Volunteer Bureau/Comm Support £
Social Value Dev Fund		 £
Brecon Volunteer Bureau 7,983
Accessibility Powys		 16,758
Crickhowell Volunteer Bureau 7,983
BCA Independent Advocacy Services		 18,146
Knighton & District Community Cent 7,983
Celf o Gwmpas		 17,565
North Montgomeryshire Vol Bureau 7,983
Dementia Matters in Powys		 14,484
Ponthafren Association 7,983
Game Change Project, The		 3,180
Rhayader & District Comm. Support 7,983
Gofod Gwneud Mach/Machspace		 4,903
Taj Mahal Community Hub 7,983
Hay Sports & Community Association		 10,724
Ystradgynlais Volunteer Centre 7,983
In Our Element Org		 30,675
Llanidloes Energy Solutions Ltd 4,716
63,864
Llanwrtyd Wells CT Project
 24,109
Outdoor Partnership 4,509
Community Transport Ponthafren Association 103,485
Brecon Dial a Ride 1,600
Rekindle / Small steps		 20,665
Builth Wells Community Support 1,600
Welshpool Community Haven		 46,082
CAMAD 1,600
Crickhowell Volunteer Bureau
 1,600
 320,000
Hay & District Dial-A-Ride 1,600
Knighton & District Comm Support 1,600
Small Health
Llanidloes & District comm transport 1,600
Action For Elders Trust		 2,400
Llanwrtyd Wells CT Project 1,600
Builth Pottery Hwb /MOCA Cymru		 2,500
Newtown Dial-A-Ride 1,600
Caffi Croeso		 1,340
North Montgomeryshire Vol Bureau 1,600
Cambrian Archers		 1,721
Oswestry Community Action /QUBE 1,600
Cultivate (Cwm Harry) Cyfyngedig		 2,318
Presteigne & Norton Com Supp 1,600
Game Change Project, The		 2,428
Rhayader & District Comm. Support 1,600
Hay & District Dial-A-Ride		 2,500
Welshpool Community Transport 1,600
Knighton & District Community Centre		 2,500
Ystradgynlais Comm Car Scheme 1,600
Mentormen Wales		 2,500
Pennant All Rounders 1,206
24,000
Welfare Ystradgynlais, The
 2,500
Wild Rythm 2,439
Gwirfol Ystradfellte Church Hall 561
Bonedd Y Bannau Explorer Scouts 499
Builth Pottery Hwb/MOCA Cymru
 500
 26,913
Going Green / Junior Startwell 1,500
Mid Powys Mind 500
Dementia Memory Café/Network
Pontfaen Y F C 1,500
Events
Stiwdio Dyfi 1,500
Celf O Gwmpas		 3,000
The Feathers Association 369
Going Green		 640
Ystradfellte YFC 500
Mens Shed Newtown		 1,400
Royal Voluntary Service 1,500
6,868
6,540

Page 35

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

23. GRANTS PAYABLE BY INSTITUTION - continued

Garreg Lwyd Windfarm Shared Properity - Community
Buildings
Bettws Y Crwyn Parish Hall 19,330
1st Clive's Own Welshpool Scouts		 8,844
Cylch Ti a Fi Llanbister 2,060
1st Glasbury & Tregoyd Scouts		 5,613
Dolfor Free Church 1,700
Aberhafesp Community Association		 4,818
Felindre FC 3,528
Berriew Tennis Club		 12,923
Felindre Village Hall (nr Knighton) 13,486
Bwlch Y Sarnau Community Centre		 13,590
Gravel Baptist Church 1,475
Canolfan Cymunedol Derwenlas		 16,968
Kerry Community Council 13,119
Clarence Hall, The		 28,820
Kerry Football Club 4,000
Crickhowell F C		 22,763
Llaithddu Baptist Church 11,460
Cultivate (Cwm Harry) Cyfyngedig		 35,219
Llanbadarn Fynydd Comm Shop 5,846
Cyngor Bro Llanbrynmair CC		 6,522
Llanbadarn Fynydd Village Hall 1,764
Erwood Market Hall		 560
Llanbadarn Fynydd YFC 2,350
Forden Community Council		 24,066
Llanbister best kept village group 293
Forden Recreation Association.		 47,457
Llanbister Community Council 1,040
Friends of Hay Swimming Pool		 60,043
Llanbister Community Hall 4,398
Hanging Gardens Studio, The		 28,274
Llanbister CP School Fund 6,280
Henderson Hall Trust		 42,598
Llanbister Show & Sports 3,808
Howey Village hall Committee		 9,733
Newcastle Crown Green Bowling 2,800
Hundred House Village Hall		 4,408
St Cynllo’s Church Llanbister 2,016
Kerry Community Council		 3,800
The Bettws Triangle 1,200
Llandefalle School Hall		 59,780
William Buckley Pugh Memorial Hall 2,600
Llandewi Village Hall		 4,417
Llandrinio Village Hall 38,027
104,552
Llanfyllin Dolydd Build Pres
 34,519
Llangasty Village Hall 1,485
Shared Prosperity Fund - Llangattock Community Council 4,140
Numeracy Llangattock Community Hall 4,500
Arts Connection 4,788
Llangorse Community Toilets		 6,300
Brecon & District Mind 14,101
Llangunllo Community Hall		 19,166
Cultivate (Cwm Harry) Cyfyngedig 34,735
Llangynnog Community Council		 28,350
Ethnic Youth Support Team 5,391
Llanidloes Community Centre		 55,373
Knighton & District Comm Centre 4,208
Llanigon Village Hall		 45,568
Mid Powys Mind 9,166
Llanwrtyd Wells H & A Centre		 39,500
Numeracy in Nature - Life at No27 10,013
Textile Junkies Ltd		 10,765
Ponthafren Association 14,653
Machynlleth Town Council		 55,300
Llyswen and Boughrood Comm Hall 21,788
Maescar Community Hall		 37,843
Welshpool Community Haven 8,466
Merthyr Cynog Community Hall		 2,886
Wilderness Ltd 22,829
Middletown Village Hall		 27,571
Group underspend 2,318
Montgomery Recreation Association		 60,000
New Radnor Community Centre 146
152,456
New Radnor Village Hall
 1,315
Newtown Sports Club 36,479
Newtown Town Council. 19,480
Painscastle & District Village Hall 20,075
Penybont Community Cntre 22,447
Phillips Hall Committee Abbey 14,635
Presteigne Youth Project 9,334
Carried Fwd 1,036,417

Page 36

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Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

23. GRANTS PAYABLE BY INSTITUTION - continued

Brought Fwd 1,036,417
Brought Fwd		 53,487
Re-roof Talgarth Community Hall 4,000
Knighton Town Council (KTC)		 1,500
Rhayader Town Council 50,000
Llais Y Goedwig		 3,338
Rhosgoch Golf & Leisure Club 34,344
Llanbadarn Fynydd YFC		 500
Sidney Nolan Trust, The 56,308
Llanbrynmair & Carno YFC		 -
Trefeglwys Memorial Hall 23,720
Llandrinio Village Hall		 1,000
Victoria Hall Centenary Committee 26,772
Llangattock Woodland Group		 1,500
Welfare Ystradgynlais, The 64,073
Mens Shed Newtown		 1,500
Ystradfellte Church Hall 18,412
Mid Powys Mind		 4,463
Mont & Radnor County Darts Assoc 1,500
1,314,046
Montgomery Federation YFC
 1,500
Music Anywhere CIC 4,723
Shared Prosperity Fund - Newtown Food Surplus. 1,500
Numeracy 2 & 3 Newtown Rugby Club 500
1st Glasbury & Tregoyd Scouts 1,500
Newtown Tennis Club		 500
Aberedw YFC 1,000
Newtown White Stars		 1,500
Aberhafesp Community Assoc 1,500
Numeracy in Nature - Life at No27		 1,500
Aberhafesp YFC 1,000
Oswestry Community Action/QUBE		 1,500
Accessibility Powys 1,500
Phillips Hall Committee Abbey		 1,500
Adult Learning Wales 1,500
Play Radnor		 2,475
BCA Idependent Advocacy 1,500
Ponthafren Association		 1,500
Berriew YFC 1,500
Presteigne Ladies Hockey Club		 500
Biodiversity Information Service 1,000
Presteigne Young Farmers Club		 500
Brecknock Young Farmers 1,500
Radnor Federation of Y F C		 2,500
Brecon Volunteer Bureau 1,500
Radnorshire Indoor Bowls Assoc		 500
Builth Pottery Hwb/MOCA Cymru 4,853
Rhosgoch Young Farmers Club		 500
Cantal YFC 1,500
The Feathers Association		 1,500
CARAD Rhayader Museum/Gallery 1,500
The Hafren		 1,500
Celf O Gwmpas 1,500
Welshpool Community Haven		 1,500
Cultivate (Cwm Harry) Cyfyngedig 5,500
Wilderness Ltd		 2,673
Dementia Matters In Powys 5,047
Ystradfellte Church Hall		 1,000
Dolfor Young Farmers Club 500
Ystradfellte YFC		 500
Drenewydd Actif Newtown 500
Dyffryn Banw YFC
 1,500
 100,659
Dyffryn Tanat YFC 1,000
Edw Valley YFC 1,000
Erwood Market Hall 1,500
Four Crosses Young Farmers Club 1,500
Friends of Penygloddfa School 1,500
Friends of the North Powys YB 1,500
Friends of Ysgol Dolafon 1,500
Gelli Deg Dyfi 1,000
Hafren Community Choir 1,500
In Our Element Org 4,087
Carried Fwd 53,487

Page 37

continued...

Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

23. GRANTS PAYABLE BY INSTITUTION - continued

Shared Prosperity Fund - Shared Prosperity Fund -
Making A Difference Green Travel
Abbey Cwm Hir Heritage Trust 4,248
Bike to the Future		 43,828
Artbeat Brecon CIC 8,984
PHVC LTD		 84,656
Arts Connection 17,353
Newtown Dial-A-Ride		 72,289
Citizens Advice Powys 12,320
Llanwrtyd Wells Tourist & Trade		 40,394
Cultivate (Cwm Harry) Cyfyngedig 10,005
Oswestry Community Action/QUBE		 40,995
Flora Cultura 15,162
East Radnorshire Care		 46,395
Friends of the Royal Welsh RM 6,718
Judge's Lodgeing Trust Ltd, The 8,074 328,558
Llais Y Goedwig 41,925
Llangattock Green Valleys CIC 8,961
Refugee Support
Menter Iaith Maldwyn 10,859
Ethnic Youth Support Team		 1,020
Newtown Textile Museum 6,090
Hay & District Sanctuary		 1,995
Peak - Art in the Black Mountains 33,753
Henderson Hall Trust		 1,986
Small Woods Assoc/Coed Lleol 6,711
Knighton Sanctuary for Refugees		 1,000
Royal Welsh Regimental Museum 9,379
Three Cocks Matters Comm Group 9,050 6,001
Welsh Water Elan Trust 25,000
Welshpool 1940s Weekend 5,593
Wilderness Ltd 10,040
250,224
Shared Prosperity Fund - Shared Prosperity Fund -
Making A Difference Green Travel
Abbey Cwm Hir Heritage Trust 4,248
Bike to the Future		 43,828
Artbeat Brecon CIC 8,984
PHVC LTD		 84,656
Arts Connection 17,353
Newtown Dial-A-Ride		 72,289
Citizens Advice Powys 12,320
Llanwrtyd Wells Tourist & Trade		 40,394
Cultivate (Cwm Harry) Cyfyngedig 10,005
Oswestry Community Action/QUBE		 40,995
Flora Cultura 15,162
East Radnorshire Care		 46,395
Friends of the Royal Welsh RM 6,718
Judge's Lodgeing Trust Ltd, The 8,074 328,558
Llais Y Goedwig 41,925
Llangattock Green Valleys CIC 8,961
Refugee Support
Menter Iaith Maldwyn 10,859
Ethnic Youth Support Team		 1,020
Newtown Textile Museum 6,090
Hay & District Sanctuary		 1,995
Peak - Art in the Black Mountains 33,753
Henderson Hall Trust		 1,986
Small Woods Assoc/Coed Lleol 6,711
Knighton Sanctuary for Refugees		 1,000
Royal Welsh Regimental Museum 9,379
Three Cocks Matters Comm Group 9,050 6,001
Welsh Water Elan Trust 25,000
Welshpool 1940s Weekend 5,593
Wilderness Ltd 10,040
250,224

Page 38