||||||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||||
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||||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|
##
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##
|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|