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2022-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 11
Independent
Examiner's		 Report 12
Statement ofFinancial Activities 13
Balance Sheet 14 to 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 25

TRUSTEES C Thomas Chair
D Ryan Vice Chair
J Kearle Treasurer
J Hankins
T Butler
M C Harvey
P R Swanson
SJ Kearle
S E Evans (appointed 10.5.22)
COMPANY SECRETARY YE Bell
REGISTERED OFFICE Ladywell
House
Newtown
Powys
SY16tQS
REGISTERED COMPANY 04265661 (England and Wales)
NUMBER
REGISTERED CHARITY 1094263
NUMBER
INDEPENDENT EXAMINER Morgan
Griffiths LLP
Chartered
Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY162NY
BANKERS NatWest Bank Pic
Broad Street
Newtown
Powys
SY162LY

31.3.22 31.3.21
Unrestricted Restricted Total Total
Notes funds
f		 funds
6		 fuhds
6		 fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 160 160 100
Charitable
activities
Provision ofAdvice & Information 76,451 477,529 553,980 594,498
Investment
income		 49 49 23
Total 76,660 477,529 554,189 594,621
EXPENDITURE ON
Charitable
activities
Provision ofAdvice 8 Information 50,083 477,529 527,612 513,487
Net gains on investments 180 180 538
NET INCOME 26,757 ~ 26,757 81,672
Transfers
between
funds		 18 728 (728)
Net movement
in funds		 27,485 (728) 26,757 81,672
RECONCILIATION
OF FUNDS
Total funds brought
forward		 258,038 9,896 267,934 186,262
TOTAL FUNDS CARRIED FORWARD 285,523 9,168 294,691 267,934
31.3.22 31.3.21
Notes f
FIXEDASSETS
Tangible assets 12 765 1,020
Investments 13 1,446 1,266
2,211 2,286
CURRENT ASSETS
Debtors 14 8,652 100,239
Cash at bank and in hand 338,836 237,825
347,488 338,064
CREDITORS
Amounts
falling due within one year		 15 (55,008) (72,416)
NET CURRENT ASSETS 292,480 265,648
TOTAL ASSETS LESSCURRENT
LIABILITIES 294,691 267,934
NET ASSETS 294,691 267,934
FUNDS 18
Unrestricted
funds		 285,523 258,038
Restricted
funds		 9,168 9,896
TOTAL FUNDS 294,691 267,934

31.3.22 31.3.21
Notes
Cash flows from operating activities
Cash generated from operations 1 101,001 49,510
Net cash provided by operating activities 101,001 49,510
Cash flows from investing activities
Interest received 10 23
Net cash provided by investing activities 10 23
Change
in cash		 and cash equivalents
in the reporting period 101,011 49,533
Cash and cash equivalents at the
beginning
ofthe		 reporting period 237,825 188,292
Cash and cash equivalents at the end
ofthe reporting period 338,836 237,825

RECONCILIATION OF NET INCOME TO NET CASH OF NET INCOME TO NET CASH OF NET INCOME TO NET CASH OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES
31.3.22 31.3.21
E E
Net income for the reporting period (as per the Statement of
Financial Activities) 26,757 81,672
Adjustments
for:
Depreciation
charges		 255 340
Gain on investments (180) (538)
Interest received (10) (23)
Decrease/(increase) in debtors 91,587 (90,742)
(Decrease)/increase in creditors (17,408) 58,801
Net cash provided'by operations 101,001
'		 49,510
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
E K
Net cash
Cash at bank and
in		 hand 237,825 101,011 338,836
237,825 101,011 338,836
Total 237,825 101,011 338,836

DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES
31.3.22 31.3.21
F
Donations 160 100
INVESTMENT INCOME
31.3.22 31.3.21
Dividends 39
Deposit account interest 10 23
49 23
INCOME FROM CHARITABLE ACTIVITIES
31.3.22 31.3.21
Activity f
Other contributions Provision ofAdvice & Information 3,663 17,213
Grants Provision ofAdvice & Information 550,317 577,285
553,980 594,498
Grants received,
included		 in the above, are as follows:
31.3.22 31.3.21
f
Powys CC - Core Grant 51,205 51,205
Town &Community
Councils		 1,170 1,325
Big Lottery Grant Fund 32,336
Powys Teaching
Health		 Board 7,861 2,861
Henry Smith Charity 59,700 59,900
PCC - Empowerment
Through		 In-house Advice 25,000 25,000
Gwendoline
& Margaret		 Davies Charity 3,000 2,000
Newtown
Town Council		 8,119 4,334
GITA - Help to Claim 45,590 59,080
British Gas Energy Trust - Warmer Wales 20,034 19,869
WG Advicelink
Community		 Focused 126,809 126,809
WG Advicelink
Specialist		 88,540 88,540
PCC Homeless 5,600 23,000
PAVO Social Development Fund 8,882 10,320
Laura Ashley Foundation 9,951 13,933
PAVO Voluntary Sector Support 5,998 2,997
WG Advicelink
& Claim What's		 Yours 53,050 53,776
Kickstart 1,433
Moondance 28,375
550,317 577,285

CHARITABLE ACTIVITIES COSTS ACTIVITIES COSTS
Direr, t Support
Co'sts (see costs (see
note 6)
6		 note 7)
f		 Totals
5
Provision
ofAdvice & Information		 520,939 6,673 527,612
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.22 31.3.21
6
Staff costs 461,460 429,426
Rent 23,653 30,207
Insurance 4,389 3,231
Telephone,
Post & Stationery		 13,638 20,142
Travel 435 159
Training/recruitment 2,641 5,437
GITA information 3,365 2,771
Computer
costs		 11,103 8,390
Depreciation 255 340
520,939 500,103
SUPPORT COSTS
Governance
Management
E		 costs
F		 Totals
f
Provision ofAdvice & Information 3,850 2,823 6,673
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.22 31.3.21
Depreciation
- owned assets		 255 340
Other operating leases 23,653 30,207

STAFF COSTS
31.3.22 31.3.21
E E
Wages and salaries 409,513 381,001
Social security costs 25,784 23,917
Other pension costs 26,163 24,508
461,460 429,426
The average
monthly		 number of employees during the year was as follows:
31.3.22 31.3.21
Service Providers 19 19
Administration 2 2
21 21
The charity considers
its
10. The total employment		 key management
benefits
including		 personnel
employer		 comprise
pension		 the senior management
contributions
of the key		 listed on
pag
management
personnel
for the year		 ended 31 March 2022 were 8122,293(2021:E118,484).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
f E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 100 100
Charitable
activities
Provision ofAdvice & Information 294,249 300,249 594,498
Investment
income		 23 23
Total 294,372 300,249 594,621
EXPENDITURE ON
Charitable
activities
Provision ofAdvice 8 Information 213,238 300,249 513,487
Net gains on investments 538 538
NET INCOME 81,672 81,672

11. COMPARATIVES FOR COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
E E
RECONCILIATION OF FUNDS
Total funds brought forward 176,366 9,896 186,262
TOTAL FUNDS CARRIED FORWARD 258,038 9,896 267,934
12. TANGIBLE FIXEDASSETS
Fixtures
and
fittings
COST
At 1 April 2021 and 31 March 2022 25,651
DEPRECIATION
At 1 April 2021 24,631
Charge for year 255
At 31 March 2022 24,886
NET BOOK VALUE
At 31 March 2022 765
At 31 March 2021 1,020
13. FIXEDASSET INVESTMENTS
Listed
investments
f
MARKET VALUE
At 1 April 2021 1,266
Revaluations 180
At 31 March 2022 1,446
NET BOOK VALUE
At 31 March 2022
At 31 March 2021 1,266
There were no investment assets outside the UK.

14. DEBTORS:AMOUNT S
F		 ALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
8 5
Prepayments
and accrued		 income 8,652 100,239
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
E
Trade creditors 1,057 11,869
Social security and other taxes 8,492 7,353
Accruals and deferred income 45,459 53,194
55,008 72,416

Minimu m
le		 ase payments
under non		 -cancellable
operating
 leases fall due a s follows:
31.3.22
f		 31.3.21
Within one year 21,848 21,840
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.22 31.3.21
Unreslrioted Restricted Total Total
funds funds funds funds
f 5 5
Fixed assets 765 765 1,020
Investments 1,446 1,446 1,266
Current assets 338,320 9,168 347,488 338,064
Current liabilities (55,008) (55,008) (72,416)
285,523 9,168 294,691 267,934
18. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
5 E E
Unrestricted funds
General fund 258,038 26,757 728 285,523
Restricted funds
Legacy 728 (728)
MAPS Redundancy 9,168 9,168
9,896 (728) 9,168
TOTAL FUNDS 267,934 26,757 294,691

MOVEMENT IN FUNDS - continu - continu - continu ed ed
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
E 5 E
Unrestricted funds
General
fund		 76,660 (50,083) 180 26,757
Restricted funds
Henry Smith 59,700 (59,700)
Empowerment 25,000 (25,000)
WG Advicelink Community Focused 126,809 (126,809)
WG Advicelink Specialist 88,540 (88,540)
GITA - Help to Claim 45,590 (45,590)
British Gas Energy Trust- Warmer
Wales 20,034 (20,034)
WG Advicelink & Claim Whats Yours 53,050 (53,050)
PAVO Voluntary Sector Support 5,998 (5,998)
Social Value Forum Development Fund 8,882 (8,882)
PCC Homeless 5,600 (5,600)
Laura Ashley Foundation 9,951 (9,951)
Moondance
Covid 19Relief Fund		 28,375 (28,375)
477,529 (477,529)
TOTAL FUNDS 554,189 (527,612) 180 26,757
Comparatives for movement in funds
Net
movement At
At 1.4.20 in funds 31.3.21
E E
Unrestricted funds
General
fund		 176,366 61,672 258,036
Restricted funds
Legacy 728 726
MAPS Redundancy 9,166 9,168
9,696 9,896
TOTAL FUNDS 186,262 81,672 267,934

Comparative net movement in funds, inclu ded
in the above		 are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
F
Unrestricted funds
General fund 294,372 (213,238) 538 81,672
Restricted funds
Henry Smith 59,899 (59,899)
Empowerment 24,999 (24,999)
WG Advicelink Community Focused 126,810 (126,810)
WG Advicelink Specialist 88,541 (88,541)
300,249 (300,249)
TOTAL FUNDS 594,621 (513,487) 538 81,672