2023-03-31-accounts - Pembrokeshire Frame Limited

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					Pages
Trustees' annual report (incorporating the			director's	report)	1to 6
Independent	auditor's	report to the members			7to 10
Statement of	financial	activities (including	income and expenditure
account)
Statement of	financial	position			12
Statement of	cash flows				13
Notes to the financial		statements			14to 25
The following	pages	do not form part ofthe financial statements
Detailed statement of		financial activities			27

Reference	and admi	nistrative det	nistrative det	ails
Registered	charity	name		Pembrokeshire	Frame	Limited
Charity registration		number		1090949
Company	registration		number	4037005
Principal office and		registered		Old Press Buildings
ofhce				Old Hakin Road
				Marlins Bridge
				Haverfordwest
				Pembrokeshire
				SA61 1XF
The trustees
				Mr A SHames
				Mr P G Smith
				Ms DJ Brown
Auditor				Evens &Co Ltd
				Chartered Accountants		&Statutory	Auditors
				Hamilton House
				Hamilton Terrace
				Milford Haven
				Pembrokeshire
				SA733JP
Bankem				HSBC
				41 High Street
				Haverfordwest
				Pembrokeshire
				SA61 2BU
Solicitors				Price &Son
				Haverfordwest
				Pembrokeshire
				SA61 1PS

			Y	ear end	ed 31 March 2	023
						2023		2022
					Unrestricted	Restricted
				Note	funds 6	funds 6	Total funds	Total funds f
Income and endowments
Donations and legacies				5	7,398		7,398	5,129
Charitable activities				6	803,882	203,690	1,007,572	843,622
Investment income				7	343			6
Other income				8	22,121		22,121	22,587
Total income					833,744	203,690	1,037,434	871,344
Expenditure
Expenditure on charitable		activities		9,10	(762,308)	(242,919)	(1,005,227)	(827,282)
Total expenditure					(762,308)	(242,919)	(1,005,227)	(827,282)
Net income and net movement			in funds		71,436	(39,229)	32,207
Reconciliation offunds
Total funds brought	forward				365,636	1,331,822	1,697,458	1,653,396
Total funds carried	forward				437,072	1,292,593	1,729,665	1,697,458

			31 INarch	2023
					2023		2022
				Note
Fixed assets
Tangible fixed assets				18		1,345,566	1,385,277
Curmnt assets
Stock				19	4,013		10,993
Debtors				20	60,749		14,500
Cash at bank	and	in	hand		678,596		675,625
					743,358		701,118
Creditors: amounts			falling due within one year	21	(66,172)		(76,247)
Net cunent	assets					677,186	624,871
Total assets	less	current liabilities				2,022,752	2,010,148
Creditors: amounts			falling due after more than one year	22		(293,087)	(312,690)
Net assets						1,729,665	1,697,458
Funds ofthe charity
Restricted funds						1,292,593	1,331,822
Unrestricted	funds					437,072	365,638
Total charity	funds			23		1,729,665	1,697,458

Ye	ar ended 31 March 20	23
		2023	2022
			E
Cash flows from operating activities
Net income		32,207
Adjustments for: Depreciation oftangible fixed assets		40,167	43,710
Other interest receivable and similar income		(343)	(6)
Interest payable and similar charges		21,445	15,502
Changes in:
Stock		6,980	(3,517)
Trade and other debtors		(46,249)	2,526
Trade and other creditors		(473)	5,851
Cash generated from operations		53,734	108,134
Interest paid Interest received		(21,445) 343	(15,502) 6
Net cash from operating activities		32,632	92,638
Cash flows from investing activities
Purchase oftangible assets Proceeds from sale oftangible assets		(4,940) 4,484	(24,500) 5,316
Net cash used in investing activities		(456)	(19,184)
Cash flows from financing activtaes Proceeds from borrowings Proceeds from hire purchase agreements		(13,725) (15,480)	(15,373) 11,321
Net cash used in financing activities		(29,205)	(4,052)
Net increase in cash and cash equivalents		2,971	69,402
Cash and cash equivalents at beginning	ofyear	675,625	606,223
Cash and cash equivahrnts at end ofyear		678,596	675,625

5.	Donations	and legacies Year e	nded 31 March	2023
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2023 f	Funds f	2022 f
	Donations
	Donations		7,398	7,398	5,129	5,129
6.	Charitable	activities
				Unrestricted	Restricted	Total Funds
				Funds f	Funds f	2023 f
	Shop income			464,125		464,125
	Training income			340		340
	Grants			35,000	203,690	238,690
	Contracts	and service level agreements		304,417		304,417
				803,882	203,690	1,007,572
				Unrestricted	Restricted	Total Funds
				Funds f	Funds f.	2022 f
	Shop income			386,889		386,889
	Training income
	Grants			33,458	161,811	195,269
	Contracts	and service level agreements		261,464		261,464
				681,811	161,811	843,622
7.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2023 f	Funds f.	2022 f
	Deposit account interest		343	343	6	6
8.	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds F	2023 f	Funds f	2022 f
	Rental income		22,121	22,121	22,587	22,587

Expenditure on charitable activities by fund typ	e
	Unrestricted	Restricted	Total Funds
	Funds	Funds E	2023 f
Charity shop, service level &training	145,267	88,138	233,405
Core activities	79,559	154,781	234,340
Second stage processing	41,640		41,640
Bulky household	71,063		71,063
Support costs	424,779		424,779
	762,308	242,919	1,005,227
	Unrestricted	Restricted	Total Funds
	Funds f	Funds f	2022
Charity shop, senrice level &training	116,162	39,279	155,441
Core activities	140,994	31,645	172,639
Second stage processing	40,833		40,833
Bulky household	72,689		72,689
Support costs	385,680		385,680
	756,358	70,924	827,282

Expenditure	on charitable activities by a	ctivity type
		Activities
		undertaken		Total funds
		directly 8	Support costs 5	2023 Total fund 2022 f
Charity shop,	service level &training	233,405	78,289	311,694	345,398
Core activities		234,340	252,284	486,624	311,117
Second stage processing		41,640	21,306	62,946	59,614
Bulky household		71,063	62,304	133,367	104,305
Governance	costs		10,596	10,596	6,848
		580,448	424,779	1,005,227	827,282

Analysis of	support costs
		Analysis of
		support costs f	Total 2023 6	Total2022 f
Staff costs		304,381	304,381	279,654
Premises		85,376	85,376	79,553
General office		4,081	4,081	3,191
Finance costs		20,345	20,345	16,434
Governance	costs	10,596	10,596	6,848
		424,779	424,779	385,680

12.	Year ended 31 March 2023 Net income	Year ended 31 March 2023 Net income	Year ended 31 March 2023 Net income	Year ended 31 March 2023 Net income	Year ended 31 March 2023 Net income
	Net income is stated after charging/(crediting):
						2023	2022
						5
	Depreciation	oftangible fixed assets				40,157	43,716
13.	Auditors remuneration
						2023	2022
						5	f
	Fees payable for the audit ofthe			financial	statements	10,596
14.	Independent	examiners	fees
						2023	2022
						5	0
	Fees payable	to the independent		examiner	for;
	Independent	examination	ofthe	financial statements			6,848

equivalen	t employees during the year is analysed as f	ollows:
		2023	2022
		No.	No.
Number	ofemployees	39	32
Number	ofdirectors		1
		39	33

Tangible fixed assets Year e	nded 31 March 2023
	Land and	Other plant end
	buildings	machinery etc	Total
	6	F
Cost
At 1 April 2022	1,533,912	238,304	1,770,216
Additions		4,940	4,940
Disposals		(19,500)	(19,500)
At 31March 2023	1,533,912	221,744	1,755,656
Depreciation
At 1 April 2022	207,508	177,431	384,939
Charge for the year	28,019	12,148	40,167
Disposals		(15,018)	(15,016)
At 31March 2023	235,527	174,563	410,090
Canying amount
At 31 March 2023	1,298,385	47,181	1,345,566
At 31 March 2022	1,328,404	58,873	1,385,277

	Induded within the carrying value oftangible fixed ass finance leases or hire purchase agreements:	ets are the following amounts relating toasset	s held under
			Motor
			vehicles
	At 31March 2023		23,666
	At 31 March 2022		31,554
19.	Stocks
		2023 f	2022 8
	Stock	4,013	10,993
20.	Debtors
		2023	2022
			5
	Trade debtors	48,497	11,904
	Other debtors	12,252	2,598
		60,749	14,500

Creditors: am	ounts	falli	ng due within one year
				2023	2022
					f
Loans and overdrafts		(secured)		11,897	15,779
Trade creditors				13,414	22,481
Hire purchase	agreements		(secured)	9,760	15,480
Social security	and other		taxes	19,559	14,548
Other creditors				11,542	7,959
				66,172	76,247

				2023	2022
				6	f
Loans and overdrafts		(secured)		285,463	295,306
Hire purchase	agreements		(secured)	7,624	17,384
				293,087	312,690

									At
		At	1	April 2022 f	Income f	Expenditure f	Transfers f	31March 2023 6
General	funds			365,636	833,744	(762,308)			437,072
									At
		At	1	April 2021 E	Income 6	Expenditure E	Transfers 5	31 March 2022 f
General	funds			75,350	709,533	(756,358)	337,111		365,636

Restricted funds
						At
		At 1 April 2022	Income	Expenditure	Transfers	31March 2023
		F	6	5		8
Hywel Device		2,501		(2,501)
PCC grant new building		570,879				570,879
PCC grant refurbish
existing building		149,851				149,851
Community fridge grant
(WCVA)		26,671		(26,671)
Zero waste schools		462,000				462,000
Milford Haven Port
Authority		300		(300)
Bags ofCare		356		(356)
WCVA- Penny the Polar
Bear		1,494				1,494
WCVA- Green Shed	Re-
Use Project		93		(93)
P. Dock Community	Fridge	2,500		(931)		1,589
Neighbourly (Aldi)		317		(317)
WCVA - VWG Small	Grant	(1,893)	2,000	(107)
Kick-Start Grant		1,026	7,870	(8,896)
PAVS- Main Scaf		9		(9)
Postcode Community		20,000		(20,000)
National Lottery		10,000		(10,000)
Bluestone Resorts Ltd		900		(900)
Persimmon Homes		1,000		(1,000)
Pembrokeshire Coast
National Park		24,959		(24,959)
Moondance Foundation		39,236		(34,693)		4,543
PCC- Homeless Support
Grant		2,000	20,000	(18,222)		3,778
Lloyds Bank Foundation		17,623	27,250	(19,308)		25,565
Hywel Device Trust-
Wellbeing Grant			25,000	(13,716)		11,284
Hywel Device Trust -	Core
Funding Grant			45,000	(15,000)		30,000
Wales &West Utilities-
Fuel Poverty			25,000	(26,167)		(1,167)
PAVS - Making It Happen			9,485	(9,485)
PAVS - Slow Cooker
Project			2,500	(2,500)
M Davies Charity-
Restricted Grant			5,000			5,000
WCVA - Sustainable
Fashion Restricted			34,585	(6,788)		27,797
		1,331,822	203,690	(242,919)		1,292,593

						At
		At 1 April 2021 6	Income 8	Expenditure f	Transfers f	31 March 2022 F.
CFAP - Marlins Bridge
Building		155,427			(155,427)
WG - 'Connect North'
Programme		118,248			(118,248)
Pride		33,205			(33,205)
Collaborative - Merlins
Bridge Building		30,231			(30,231)
Hywel Davies		2,501				2,501
PCC grant new building		570,879				570,879
PCC grant refurbish
existing building		149,851				149,851
Community fridge grant
(WCVA)		26,671				26,671
Zero waste schools		462,000				462,000
Milford Haven Port
Authority		300				300
Bags ofCare		356				356
WCVA- Penny the Polar
Bear		1,494				1,494
WCVA- Green Shed	Re-
Use Project		15,958	9,998	(25,863)		93
P. Dock Community	Fridge	2,500				2,500
Bags ofCare Plus- Green
Shed		1,474		(1,474)
WCVA- Bags ofCare Plus Neighbourly (Aldi)		6,551 400		(6,551) (83)		317
WCVA - VWG Small	Grant		18,000	(19,893)		(1,893)
Kick-Start Grant			7,182	(6,156)		1,026
PAVS- Main Scaf			3,000	(2,991)		9
Postcode Community			20,000			20,000
National Lottery			10,000			10,000
Bluestone Resorts Ltd			900			900
Persimmon Homes			1,000			1,000
Pembrokeshire Coast
National Park			25,000	(41)		24,959
Moondance Foundation			39,236			39,236
MHPA- Defibrillator Case			495	(495)
PCC- Homeless Support
Grant			2,000			2,000
Uoyds Bank Foundation			25,000	(7,377)		17,623
		1,578,046	161,811	(70,924)	(337,111)	1,331,822

	Pembrokeshire Frame Limited
	Company Limited by Guarantee
	NOteS tO the FinanCial StatementS fcorrehusrr)
	Year ended 31 March 2023
23.	Analysis ofcharitable funds fcorrrrrrvrxr)
	CFAP - grant received to fund the purchase of Merlins Bridge property.
	WG - grant received to fund the purchase ofGoodwick property.
	Pride - grant received to fund the purchase ofGoodwick property.
	Collaborative -grant received to fund the purchase of Merlins Bridge property.
	Hywel Davies - grant received to fund the purchase of mobility scooters.
	PCC grant new building - grant received to fund new Merlins Bridge property.
	PCC grant refurbish existing building - grant received to refurbish existing	Merlins Bridge				property.
	Community Fridge Grant (WCVA) - grant received to set up community fridge		project.
	Zero Waste Schools - grant received to run pilot project to increase recyding		in schools.
	Milford Haven Port Authority -grant received for signage on Charity van.
	Bags ofCare - grant received to fund tesco bags ofcare
	WCVA - Penny the Polar Bear - grant to set up new mascot and campaign
	WCVA - Green Shed Re-Use Project - grant to aid re-use projects
	P. Dock Comm Fridge - grant received to set up community fridge project
	Bags ofCare Plus - grant received to fund tesco bags ofcare
	WCVA - Bags ofCare Plus - grant received to fund WCVA bags ofcare
	Neighbourly (Aldi) - grant to help with ongoing community fridge projects
	WCVA - VWG small grant - grant received for upholstery project
	Kick-start Grant - grant received for upholstery training and painting workshop			training
	PAVS - Main Scaf - grant received to hold a series of upholstery and painting		workshops			free to		the public
	Postcode Lottery - grant received for core funding
	National Lottery - grant received for co-ordinator costs for zero waste shop	in	Pembroke			Dock
	Bluestone Resorts Ltd - grant received to purchase a fridge for Pembroke	Dock community					fridge
	Persimmon Homes - grant received for equipment for re-upholstery
	Pembrokeshire Coast National Park - grant received to set up zero waste	shop		in Pembroke			Dock
	Moondance Foundation -grant received for wages and training for re-upholstery support					worker
	MHPA - Defibrillator case - grant received for a heated case for the defibritlator			case	outside		Green Shed
	PCC - Homeless Support Grant - grant received to provide furniture when	re-homing			homeless			citizens

24.	Analysis ofnet asset	s between funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			E	F	6
	Tangible tixed assets		514,893	830,673	1,345,566
	Current assets		215,266	461,920	677,186
	Creditors greater than	1 year	(293,087)		(293,087)
	Net assets		437,072	1,292,593	1,729,665
			Unrestricted	Restncted	Total Funds
			Funds	Funds	2022
				5	6
	Tangible fixed assets		515,435	869,842	1,385,277
	Current assets		162,891	461,980	624,871
	Creditors greater than	1 year	(312,690)		(312,690)
	Net assets		365,636	1,331,822	1,697,458
25.	Analysis ofchanges	in net debt
			At 1 Apr 2022 f	Cash flows 6	At 31 Mar 2023 6
	Cash at bank and in hand		675,625	2,971	678,596
	Debt due within one year Debt due affer one year		(31,259) (312,690)	9,602 19,603	(21,657) (293,087)
			331,676	32,176	363,852

		2023	2022
		5	5
Income and endowments
Donations and legacies Donations		7,398	5,129
Charitable activities
Shop income Training income Grants		464,125 340 238,690	386,889 195,269
Contracts and service level	agreements	304,417	261,484
		1,007,572	843,622
Investment income
Deposit account interest
Other income
Rental income		22,121	22,587
Total income		1,037,434	871,344
Expenditure
Expenditure on charitable Purchases	activities	(159,884)	(47,824)
Wages and salaries Employer's NIC Repairs and maintenance Other establishment		(593,960) (37,727) (9,311) (57,468)	(551,644) (31,059) (6,455) (54,055)
Motor vehicle expenses Legal and professional fees Telephone Depreciation Interest on bank loans and overdraRs		(38,501) (8,532) (27,199) (40,167) (6,969)	(31,024) (18,068) (23,109) (43,716) (5,918)
Other interest payable and Volunteer expenses Staff training Capital goods scheme and (Loss)/Profit on disposal of	similar charges partial exemption fixed asset	(14,476) (8,976) (1,160) 2,170 (3,067)	(9,584) (5,359) (1,701) 2,310 (66)
		(1,005,227)	(827,282)
Total expenditure		(1,005,227)	(827,282)
Net income		32,207	44,062