REGISTERED COMPANY NUMBER: 04391979 (England and Wales) REGISTERED CHARrrY NUMBER: 1091201 Report ol the Trustees aDd Unaudited Financial Statements for the Year Ended 31 March 2025 for Pembrokeshire People First Ashmole alld Co. Williamston House 7 Goat Street Haverfordwest Pembrokcshire SA61 IPX A*hmole & Co.
Pembrokeshire People First Contents of Ibe Financi41 Statements for the Yr Ended 31 March 2025 Page Report of the Trujteej I to 5 Independent Examiner's Report Statement of FinaDCiAI Activities B212nce Sheet 8 to 9 Cash Flow Statement io Notes to the Cash Flow Statement li Note8 to the Financial Statements 12 to 19 Delailed Statement of Financial Activtties 20 trj 21
Pembrokeshire People First 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. Th¢ trustees have adopted the provisions of Accounting and R¢porting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanrial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). Hello and thank you for taking the time to read this report. There will be lots to read and we won't be abl¢ to capture all of the success and the bits that have been hard tn one report. So, we will tell you about the main highs and lows and welcome anyone to come and talk to us who would like to learn more. Firstly the dry bit. What does it say in our paperwork that we do? Why does PPF exist? OBJECTIVES AND ACTIVITIES Objectives and aitns The objects of th¢ charity are as follows.. (l) To support people with learning difficulties andlor autism through the provision of advocacy, training and group work using the arts, which will help people know and attain the same rIts as everyone else. {2) To advance the education and training of people with learning difficulties andlor autism, to develop their skills. apacities and capabilities to enable them to participate fully in society. (3) To advance education and raise awareness of the public in the experiences and of the issues affecting people with learning diificulties andlor autism. Page I
Pembrokeshire People First Report of lh¢ Truslees for the Year Ended 31 March 2025 OBJEcfivES AND AcfivITIES Significant aetivities Pembrokeshire People First Report of the Committee of Management For the year ended 31 st March 2024 PPF continues to be a member-led charity with a list of members that has grown to oveT 480 people. Our member5 had the opportunity to access any or all of ihe projects we have had running this year. These projects are all linked to the aims and objectÉves listed above. One of the great things about PPF is that wc remain a constant that people can access when they need us. They may come and go a5 they explore other opportunities but if life changes, they are always welcomed baLk through ihe highs and thc lows. We provide 5UPPOrt for approximately 250 members each month. The strategies we used to meet these aim5'. We ran a range of projects so that we could meel the wide range of needs of our membeT5. This included smaller group sessions, I: I work, and larger sesSlOnS to provide opportunities for developing friendships and reducing isolation. One of the greatest strengths of PPF has been its continuity. The trustees want to ensure that kindness and equity remain the foundation of all of our delivery. The staff, freelancers and volunteers all continue to demonstrate great strength and resilience as they support people. For thi5, the trustees are truly grateful. We have continued to grow as an organisalion through oul what turned oul to be a very challenging year, wilh staff departures and a restructuring of the management team to better take the charity fonvard. We continued to provide supported employment opportunities for 15 members, ai Mor and via Citizen Champions and the Dream Team. The SPF ndIng for the MOR project was extended from the end of December 2024 lo the end of February 2025 which was a big help in covering this project's core costs. We were also invited to bid for ( and were successthl in getting) continuation fundtng for the MOR project from April 2025. While the majority of front-line projects such as , MOK Wellbeing, stay social, moving on. gaming, I to I Coaching and Benefits. dream team. citizen5 champions, campaigns and easy read continued as usual, however, funding pressures continue to be a challenge due to ongoing cost of living inflationary pressures, and ongoing statutory service providers budget pressures. For further information, please see our website at http.'/lwww.pembrokeshirepeoplelst.org.uk and our Facebook page is available at Facebook-PeTnbiokeshire People First, for additional project inforniation. The Staffing complement at the beginning and end of the financial year wa5 as follows- Staffg Members No. offull time staff No. of part time staff over 25 hours per week No. of part time staff less than 25 hours per week No. of supported members being employed Total Head Count 1st April 2024 31 st March 2025 14 27 15 26 Page 2
Pembroke5hire People First Report of the Trustees ror the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES I'he above shows that while employed staff numbers reduced by I due to two senior staff members leaving the charity by mutual agreetnent. We continued to employ 15 members through the assisted work prograrnrne, which has been very bcnLficial to IheTn. Summary of Financial Position 2024 2025 Income for the Year Expenditure for the Year Salary & Pension Costs (inc in expenditure) Net Surplusl(L055) for the Year 585,147 612,825 410.678 (27.278) 719.242 645,603 437,360 73.639 Restricted Reserves Unrestricted Reserves Net Movement in Unrestricted Reserves 147,326 17,844 (9,668} 232,719 6,080 (11,764) The financial year to March 2025 saw a subslantial increase in income (£134,095) while expendire increased by £32,778 primarily due to the additional SPF lldIng to support the craft workshop at MOR. This grant funding was also augmented by the continued employment of 15 members via ihe access to work scheme which resulted in a total of £232,606 funding. WE were grate] for the funding support given to us by the Garfield Weston foundation, Moondance foundation and Havcrfordwest town council to name a few. Unfortunately, our costs also increased due to the high level of rental commitments and one-off additional governance cost which has depleted our unrestricted funds by £11,764. The trustees are aware of the need to replenish the unrestricted reserve funds to a more sustainabl¢ level. However, our trading position remained strong with a surplus on restricted funds of £85.403 for the year. STRATEGIC REPORT Financial review Rc5erve5 policy The trsleeS have detem]ined the level of reserves that ihe charity ought to have (that is those funds that are freely available and not part olthe reslricted nd). and are working towards achieving this. Financial and risk management objectives and policies The Trust¢¢s are aware of the major risks th¢ organisation face aTJd are working to address and reduce them. The Trustees are actively engagcd in rccruiling new additional Trustees who will be given a suitable induction programme, Trustees are in contact with statTon a daily basis and hold fornial 'l'rustccs meetings each month., STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document P¢mbrok¢shir¢ People First is a company limited by guarantee governed by its Memorandum and Articles of Association. it is also a regislered charity with th¢ Charity Commissioners, Anyone over the age of IS can become a member of the company. Page 3
Pembrokeshire People Firsl Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appoinlment of new trustees As set out in the Memorandum of Articles and Association, the trustees are elected bi-annually by the members of the company at AGM, New trustees undergo an orientation session to brief them as to their legal obligations under charity and company law, the committee and decision-making processes, the business plan and recent fmancial perfonnance of the charity. During the induction period they will meet all employees, tnlstees and comtnittee members. Trustees are encouraged to attend cxlcrnal training events thal will faLilitrdte the undertraking of their role. The Managcmcnt Committee meets regularly and administers the charity. The TTUStees have strengthened the board during this financial year with the appointment of 6 new trustees, which has strengthened the Board with a wider range of people with professional backgrounds and skills to help take the organisation torward. Ilowever, the board continues to look for ftjrther additions to the board as opportunities become available. The induction process is also under review to ensure it 15 fit for purpose. Risk management The trustees have a duty to identify and review the risks to which the charity 15 exp05ed and to ensure approptlate contro15 are in placc to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04391979 (England and Wales) Registered Charity number 1091201 Registered office Portcullis House Old Hakin Road Merlins Bridge Haverfordwest Pembrokeshire SA61 IXE Trustees J Fulton S Hinksman L M Hinksman (resigned 7.5.25) A Jones (resigned 6.12.24) C Poupard (resigned 6.12.24) J C D Tyler {resigned 6.12.24) l Eynon (appointed 17.9.24) Mrs E Rawlings (appointed 17.9.24) M G Harnbidge (appointed 10.3.25) L Burton (appointed 10.3.25) C Palmer (appointed 10.3.25) C Bullock (appointed l 0.3.25) Company Secrelary J Fulton Page 4
Pembrokeshire People First Report of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRA TIVE DETAILS Independent Examiner Ashmole and Co. Williamston House 7 Goat Street Haverfordwest Pernbrokeshire SA61 IPX Report o on ... e truslees. incorporating a strategic report. approved by order of the board of trustees, as the company directors, and signed on the board's behalf by-. I Eynon - ce Page 5
Independent Examiner's Report to the Trustees of Pembrokeshire People First Independen¢ examiner's report to the trustees of Pembrokeshire People First ('the Company.) I report to the charity trustees on my examination of the accounts of the Compally for the year ended 31 March 2025. Responsibilitie5 and ba515 of report As the charity'5 trustees of the Company (and also ils directors for the purposes of COTnpany law) you are responsible for the preparation of the accounts in accordancc with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied rnyself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounls as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my examination I have followed ihe Dir¢ctions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirn that I am qualified to undertake the examination because I am a member of the Associalion of Chartered Certified Accountsnts, which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe: accounling records were nut kept in respect of the Company as required by Section 386 of the 2006 Act. or the 8CLounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independenl examination. or the accounts have not been prepared in accordance with the methods and principlcs of thc Statcmcnt or Recommended Practicc for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. N Mi115 FCCA Ashmole and Co. Williamston House 7 Goal Street Haverfordwest Pembrokeshire SA61 IPX Date: Page 6
Pembrokeshire People Flrst Statement of Financial Activitie5 for Ihe Year Ended 31 March 2025 31.3.25 Total fund5 31.3.24 Tolal funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 1,510 (i) 1,509 598 Charitable activities Charitable activities 51,636 662.131 713,767 576,843 Other trading activities Investment incotne 594 89 3,270 13 3,864 102 7,619 87 Total 53,829 665,413 719.242 585,147 EXPENDITURE ON Charitable aetivities Charitable activities 65,593 580,010 645.603 612,825 NET INCOMEI(EXPENDITURE) (11,764) 85,403 73,639 (27,678) RECONCJLIATJON OF FUNDS Total lldS brought forward 17.844 147,316 165,160 192,838 TOTAL FUNDS CARRIED FORWARD 6.080 232,719 238,799 165,160 The notes fonn part of these financial statements Page 7
Pembrokeshire People First Balance Sheet 31 March 2025 31.3.25 'I'otal funds 31.3.24 I'otal funds Unrestricted fund Restricted fund Note5 FIXED ASSETS Tangible assets 12 12,583 12,583 3,862 CURREIYT ASSETS Debtors Prepayments and accrued income Cash at bank and in hand 13 10,691 71,067 81,758 154,474 89 158,348 158,437 43,541 10,781 229,415 240,196 198,015 CREDITORS Amounts falling due wiihin one year 14 (4,701) (9,279) (13.980) (36,717) NET CURRENT ASSETS 6,080 220.136 226,216 161.298 TOTAL ASSETS LESS CURRENT LIABILITIES 6,080 232,719 238,799 165,160 NET ASSETS 6,080 232,719 238,799 165,160 FUNDS Unrestricted funds Restricted fvnds 16 6,080 232,719 17,844 147,316 TOTAL FUNDS 238,799 165,160 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Preparing financial slatemenls which give a true and fatr view of the state of affairs of the charitable company as at the end of each financial year and of its sutplus or deficit for each financial year in accordance wilh ihe requirements of Seclions 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the charitable company. (b) The note5 fonn part of these financial statements Page 8 continued.,.
Pembrokeshire People First Balanee Sheet- eontinued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies r¢girn¢. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: - Trustee The notes foTm part of these financial statements Page 9
Pembrokeshire People First Cash Flow Statement for the Year Ended 31 March 2025 31.3.25 31.3.24 Note5 Cash flows from operating activities Cash generated from operation5 125,689 (111,753) Net cash provided byl(used in) operating activities 125,689 {111,753) Cash flows from investing activities Purchase of tangible fixed assets Interest received (12,043) 102 (4,544) 87 Net cash used in investing activities (11,941) (4,457) Change in eash And cash equivalents in the reporting period Cash and cash equivalent5 at the beginning of the reporting period 113,748 (116.210) 43,541 159,751 Cash and cash equivalents at the end of the reporting period 157,289 43,541 The notes fonn part of these financial statements Page 10
Pembrokeshire People First Notes to the Cash Flow Statement for the Year Ended 31 Mareh 2025 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net incomel(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Inter¢sl received De¢rease/(increase) in debtors (Decr¢as¢)lincrease in creditors 73,639 (27,678) 3,322 (102) 72,715 (23,885) 682 (87) (98,882) 14,212 Net eash provided byl(used in) operations 125,689 (111.753) ANALYSIS OF CASH AND CASH EQUIVALENTS 31.3.25 31.3.24 Cash in hand Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 1,582 156,855 (1.148) 1,582 41.959 Total cash and cash equivalent5 157,289 43,541 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand Bank overdraft 43,541 114,896 (1.148) 158,437 (1.148) 43.541 113.748 157,289 Total 43.541 113,748 157.289 The notes fomi part of these financial statements Page 11
Pembrokeshire People First Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial stalemenls 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 ihe UK and Republic of Ireland (FRS 102) (effective l 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 slatements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activilies once the charity has entfftilement to the funds, it is probable that the income will be received and the arnount 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 economtc benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings thal aggregale all cost relared 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. Tangible fixed assets Depreciation is provided at the following annual rale5 in order to write off each asset over its estimated useful life. Plant and Equipment 15 /D on reducing balance Taxation The charity is exempt from corporation tax on its charitable acttvities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fidS 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 parlicular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing eommitments Rentals paid under operaling leases are charged to the Statement of Financial Activities on a Straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable Company operates a defined contribution pension scheme. Contributions payable to the charitable company5 pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued...
Pembrokeshire People First Notes to the Financial Statements - continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 1,509 598 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Commissioned work and other income 3,864 7,619 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account int¢r¢st 102 87 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Charitable activities Grants 713,767 576,843 Grants received, included in the above, are as follows: 31.3.25 31.3.24 Access to Work BBC ChTrldren in Need Hywel Dda PCC Dream Teanvcharter RIF including JD LD Champion PCC Food Poverty Grant PCC Service Level Agreement PCC Housing Support Grant Police & Crime Commissioner Dyfed Pomys CCC Dream Team Lloyds Bank Foundation Big Lottery Cost of Living Grant Groundwork UK Tesco Community Fund PCC UK Shared Prosperity PCC Communities Shared Prosperity PCC Enhancing Pembrokeshire PCC CitizLn Chatnpion Garfield Weston Hav¢rfordwest Town Council PCC Wam Spaccs Planed Moondance Foundation National Parks Authority 230.840 232,606 7,110 97,509 33,889 5,000 115,195 40,436 3,500 25,000 28.547 4,800 4,254 25,000 28.547 4,800 4,254 50.000 10.000 1,500 36,301 20,028 30,899 14.400 161,059 25,126 3,001 14.800 15,000 1,336 4.605 968 10.000 300 713,767 576,843 Page 13 continued...
Pembrokeshire People First Notes to the Financial Ststements- continued for the Year Ended 31 March 2025 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Charitable activities 563,210 82,393 645,603 SUPPORT COSTS Govemance costs Management Totals Charitable activities 60,074 22,319 82,393 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting)-. 31.3.25 31.3.24 Auditors, remuneration Depreciation - owned assets Other operating leases 3,751 3,322 37,501 2,574 682 32,100 TRUSTEES, RFMUNERATION AND BENEFITS The following trustees are also member employees of the charity and during the year ended 31 st March 2024 were remunerated as below.. Aggregate value of pension contributions Aggregate amount of emoluments Trustee: LM Hinksman £9,576 £286 Trustees, expense5 There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 14 continued...
Pembrokeshire People First Iyoles to the Financial Statements - eontinued for the Year Ended 31 March 2025 io. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Other pension costs 437,360 5,822 403,321 7,357 443,182 410,678 The average monthly number of employees during the year was as follows: 31.3.25 27 31.3.24 26 Average number of employees during year No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE sTATEmEr OF FINANCIAL ACTIVITIES Unrestricted fund Restricfrd fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacics 174 424 598 Charitable aelivities Charitable activities 35,000 541,843 576,843 Other trading activities Investment income 7.569 87 50 7,619 87 Total 42,830 542.317 585,147 EXPENDITURE ON Charitable activities Charitable activities 52,497 560,328 612,825 NET INCOMEI(EXPENDITURE) (9.667) (18,011) (27,678) RECONCILIATION OF FUNDS Total ndS brought forward 27,512 165,326 192,838 TOTAL FUNDS CARRIED FORWARD 17,845 147,315 165,160 Page 15 Continued,,.
Pembrokeshire People First Notes to the Financial Statement5- continued for the Year Ended 31 March 2025 12. TANGIBLE FIXED ASSETS Plant and Equipment Office equipment Totals COST At l April 2024 Additions 4,544 7,495 4.544 12,043 4,548 At 31 March 2025 12,039 4,548 16,587 DEPRECIATION At l April 2024 Charge for year 682 1,806 682 3,322 1,516 At 31 March 2025 2,488 1.516 4,004 NET BOOK VALUE At 31 March 2025 9,551 3.032 12.583 At 31 March 2024 3,862 3,862 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONF. YEAR 31.3.25 31.3.24 Trade debtors Prcpaid ¢xpcnscs 80.277 1,481 152,965 1,509 81,758 154,474 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Bank loans and overdrafts (see note 15) Trade creditors Social security and other taxes Accrued expenses 1,148 3.418 6,176 3,238 8,253 6,152 22,312 13,980 36,717 Page 16 continued.
Pembrokeshire People First Notes to the Financial Statements- continued for the Year Ended 31 March 2025 15. LOANS An analysis of the maMrity of loans is given below.. 31.3.25 31.3.24 Amounts falling due within one year on demand: Bank overdrafts 1,148 Amounts shown as bank loans and overdrafts (see note 14) in 2024125 represented a tirning difference between when the restri¢t¢d expenditure has been incurred and the rcccipt of the restricted ndIng in the Charity's bank account. This was not an actual bank loan, merely a timing differ¢nr¢, 16. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted lunds General fvnd l7,844 (11,764) 6,080 Restricted funds Restricted 147,316 85,403 232,719 TOTAL FUNDS 165,160 73,639 238,799 Net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestricted funds GeneTal fund 53.829 (65.593) (11.764) Restrieted funds Restricted 665.413 (580,010) 85,403 TOTAL FUNDS 719,242 (645,603) 73,639 Page 17 continued...
Pembrokeshire People First Notes to the Financial Statements- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued Comparatives for movem¢nt in funds Net movement in funds At 31.3.24 At 1.4.23 Unreslricted funds Generdl fund 27,512 (9,668) 17,844 Restricted funds Restricted 165,326 (18,010} 147.316 TOTAL FUNDS 192,838 (27,678) 165,160 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 42,830 (52,498) (9,668) Restricted funds Restricted 542,317 (560,327) {18.010) TOTAL FUNDS 585,147 (612,825) (27,678) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds Generdl fund 27,512 (21.432) 6,080 Restricted funds Restricted 165,326 67,393 232,719 TOTAL FUNDS 192,838 45,961 238,799 Page 18 continued...
Pembrokeshire People First Notes to the Financial Statement5 Colltinued for the Year Ended 31 March 2025 16. MOVFMFNT IN FUNDS- eontinued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incorning resources Resources expended Movement in funds Unrestrieted funds General fund 96,659 (118,091) (21,432) Restricted funds Restricted 1,207,710 (1,140,337) 67,393 TOTAL FUNDS 1,304,389 (1,258,428) 45,961 17. RELATED PARTY DISCLOSURES Please refer to Note 9 for details of related paty transactions. Page 19
Pernbrokeshire People First Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donation5 and legacie5 Donations 1,509 598 Other trading activities Commissioned work and other income 3,864 7,619 Investment income Deposit account interest 102 87 Charitablc activitiCS Grants 713.767 576,843 Total incoming resource5 719,242 585,147 EXPENDITURE Charitable activities Wages Pensions Travel and subsistence Fundraising costs Freelance costs Training General otrice expenses Sundry expenses Bad Debts Events and catering Venue hire Plant and machinery Computer equipment 437.360 5,822 33,728 3,453 38,847 976 22,849 403,321 7,357 32,183 4,613 42,141 809 15,557 750 2,376 1,475 7,440 682 14,100 2,753 1,806 1,516 563,210 518,704 .Sllpport Costs Management Rent and premises costs Rates and water Insurance Light and heat Telephone and internet Computer costs Legal and professional fees Carried forward 37,501 191 2,930 4,520 8,716 4,196 416 58,470 32,100 2.736 23,079 7,762 8,724 1,644 76,045 This page does not forni part of the statutory fin&ncial statements Page 20
Pembrokeshire People First Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Management Brought forward OITic¢ equipment leasing Sundry expenses Bank charges 58.470 777 664 163 76.045 332 168 60,074 76,545 Governance costs Auditors, remuneration Professional fees 3,751 18,568 2,574 15,002 22,319 17,576 Total resources expended 645,603 612,825 Net incomel(expenditure) 73,639 (27,678) This page does not fonn part of the statutory financial statements Page21