||||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|
##
##