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||||Page||
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report ofthe Trustees||2|to|11|
|Independent
Examiner's|Report||12||
|Statement of Financial|Activities||||
|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 Swenson||
|||SJKearle||
|||SEEvans (appointed 10.5.22)||
|COMPANY SECRETARY||YE Bell||
|REGISTERED|OFFICE|Ladywell
House||
|||Newtown||
|||Powys||
|||SY161QS||
|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||
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|||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|F|F||E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||25||25|160|
|Charitable
activities||||||||
|Provision ofAdvice|8 Information|||83,204|453,283|536,487|553,980|
|Investment
income||||1,170||1,170|49|
|Total||||84,399|453,283|537,682|554,189|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Provision ofAdvice|& Information|||84,159|452,877|537,036|527,612|
|Net gains on investments||||175||175|180|
|NET INCOME||||415|406|821|26,757|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||285,523|9,168|294,691|267,934|
|TOTAL FUNDS CARRIED FORWARD||||285,938|9,574|295,512|294,691|
##
|||Balance Sheet|||
|---|---|---|---|---|
|||31 March 2023|||
||||31.3.23|31.3.22|
|||Notes||6|
|FIXEDASSETS|||||
|Tangible assets||12|573|765|
|Investments||13|1,621|1,446|
||||2,194|2,211|
|CURRENT ASSETS|||||
|Debtors||14|24,138|8,652|
|Cash at bank and|in hand||352,834|338,836|
||||376,972|347,488|
|CREDITORS|||||
|Amounts
falling due within one year||15|(83,654)|(55,008)|
|NET CURRENT ASSETS|||293,318|292,480|
|TOTAL ASSETS|LESSCURRENT||||
|LIABILITIES|||295,512|294,691|
|NET ASSETS|||295,512|294,691|
|FUNDS||18|||
|Unrestricted
funds|||285,938|285,523|
|Restricted funds|||9,574|9,168|
|TOTAL FUNDS|||295,512|294,691|
##
##
||||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|E|E|
|Cash flows from||operating||activities|||||
|Cash generated|from operations|||||1|13,007|101,001|
|Net cash provided||by operating|||activities||13,007|101,001|
|Cash flows from||investing|activities||||||
|Interest received|||||||991|10|
|Net cash provided||by investing||activities|||991|10|
|Change
in cash||and cash|equivalents||||||
|in the reporting||period|||||13,998|101,011|
|Cash and cash|equivalents|||at|the||||
|beginning
ofthe||reporting|period||||338,836|237,825|
|Cash and cash|equivalents|||at|the end||||
|ofthe reporting||period|||||352,834|338,838|
##
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|||||6|E|
|Net income for the|reporting||period (as per the Statement of|||
|Financial Activities)||||821|26,757|
|Adjustments
for:||||||
|Depreciation
charges||||191|255|
|Gain on investments||||(175)|(150)|
|Interest received||||(991)|(10)|
|(Increase)/decrease|in debtors|||(15,485)|91,557|
|Increase/(decrease)|in creditors|||28,646|(17,408)|
|Net cash provided|by operations|||13,007|101,001|
|ANALYSIS OF CHANGES||IN NET FUNDS||||
||||At 1.4.22|Cash flow|At 31.3.23|
|||||E|f|
|Net cash||||||
|Cash at bank and in|hand||338,836|13,998|352,834|
||||338,836|13,998|352,834|
|Total|||338,836|13,998|352,834|
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|2.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES||||
|---|---|---|---|---|---|---|---|---|
||||||||31,3,23
f|31.3.22
f|
||Donations||||||25|160|
|3.|INVESTMENT INCOME||||||||
||||||||31.3.23
f|31.3.22|
||Dividends||||||179|39|
||Deposit account interest||||||991|10|
||||||||1,170|49|
|4.|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||Activity|||31.3.23
f|31.3.22
f|
||Other contributions|||Provision ofAdvice||& Information|1,239|3,663|
||Grants|||Provision ofAdvice||& Information|535,248|550,317|
||||||||636,487|553,960|
||Grants received,
included||in|the above, are as follows:|||||
||||||||31.3.23|31.3.22
f|
||Powys CC - Core Grant||||||51,204|51,205|
||Town & Community
Councils||||||971|1,170|
||Powys Teaching
Health|Board|||||2,919|7,861|
||Henry Smith Charity||||||43,725|59,700|
||PCC - Empowerment
Through||||In-house Advice||26,500|25,000|
||Gwendoline
&Margaret|Davies|||Charity||2,500|3,000|
||Newtown
Town Council||||||4,370|8,119|
||GITA- Help to Claim|||||||45,590|
||British Gas Energy Trust|-|Warmer Wales|||||20,034|
||WG Advicelink
Community||Focused||||131,881|126,809|
||WG Advicelink
Specialist||||||92,082|88,540|
||PCC Homeless|||||||5,600|
||PAVO Social Development||Fund||||3,194|8,882|
||Laura Ashley Foundation|||||||9,951|
||PAVO Voluntary Sector Support|||||||5,998|
||WG Advicelink
& Claim What's||||Yours||32,185|53,050|
||Kickstart|||||||1,433|
||Moondance||||||21,188|28,375|
||GITA Warmer Wales Energy||||||41,500||
||Trussell Trust Foodbank|Extra|||||22,427||
||Basic Income Pilot||||||24,789||
||Powys CC Ukranian
Support||||||21,963||
||MAPS Financial Well-being|||Forums|||9,350||
||Access Partner
Fund||||||2,500||
||||||||535,248|550,317|
##
##
##
||||||Direct|Support||
|---|---|---|---|---|---|---|---|
||||||Costs (see|costa (see||
||||||note 6)|note 7)|Totals|
|||||||F|E|
||Provision ofAdvice
& Information||||526,466|10,570|537,036|
|6.|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||||
|||||||31.3.23|31.3.22|
|||||||E||
||Staff costs|||||476,825|461,460|
||Rent|||||20,636|23,653|
||Insurance|||||3,574|4,389|
||Telephone,|Post & Stationery||||13,239|13,638|
||Travel|||||2,755|435|
||Training/recruitment|||||1,306|2,641|
||GITA information|||||6,356|3,365|
||Computer costs|||||1,584|11,103|
||Depreciation|||||191|255|
|||||||526,466|520,939|
|7.|SUPPORT COSTS|||||||
|||||||Governance||
||||||Management|costs|Totals|
||||||E|E|F|
||Provision ofAdvice & Information||||7,510|3,060|10,570|
|8.|NET INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)|||is stated after charging/(crediting):||||
|||||||31.3.23|31.3.22|
|||||||E|E|
||Depreciation|- owned assets||||192|255|
||Other operating||leases|||20,636|23,653|
##
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|The avera|ge
monthly|num|ber
of|em|ployees|during the|year was|as follows:||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.3.23||31.3.22|
|Service Providers||||||||||20|19|
|Administration||||||||||2|2|
|||||||||||22|21|
|The charity considers
its
10.The total employment|||key management
personnel
benefits
including
employer||||comprise
pension|the senior management
contributions
of the key|||listed on pag
management|
|personnel|for the year|ended 31||March 2023were 6122,779(2022:5122,293).||||||||
|COMPARATIVES FOR THE STATEMENT||||||OF FINANCIAL ACTIVITIES||||||
||||||||Unrestricted||Restricted||Total|
|||||||||funds||funds|funds|
|||||||||5||E|6|
|INCOME|AND ENDOWMENTS|||FROM||||||||
|Donations|and legacies|||||||160|||160|
|Charitable|activities|||||||||||
|Provision|ofAdvice &|Information||||||76,451|477,529||553,980|
|Investment|income|||||||49|||49|
|Total||||||||76,660|477,529||554,189|
|EXPENDITURE ON||||||||||||
|Charitable|activities|||||||||||
|Provision|ofAdvice 8|Information||||||50,083|477,529||527,612|
|Net gains|on investments|||||||180|||180|
|NET INCOME||||||||26,757|||26,757|
|Transfers|between
funds|||||||728||(728)||
##
##
|11.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|ACTIVITIES - continued|ACTIVITIES - continued||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|||||E|F|
||Net movement
in funds||27,485|(728)|26,757|
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|258,038|9,896|267,934|
||TOTAL FUNDS CARRIED FORWARD||285,523|9,168|294,691|
|12.|TANGIBLE FIXEDASSETS|||||
||||||Fixtures|
||||||and|
||||||fittings|
||||||E|
||COST|||||
||At 1 April 2022 and|31 March 2023|||25,651|
||DEPRECIATION|||||
||At 1 April 2022||||24,886|
||Charge for year||||192|
||At 31 March 2023||||25,078|
||NET BOOK VALUE|||||
||At 31 March 2023||||573|
||At 31 March 2022||||765|
|13.|FIXEDASSET INVESTMENTS|||||
||||||Listed|
||||||investments|
||||||6|
||MARKET VALUE|||||
||At 1 April 2022||||1,446|
||Revaluations||||175|
||At 31 March 2023||||1,621|
||NET BOOK VALUE|||||
||At 31 March 2023||||1,621|
||At 31 March 2022||||1,446|
||There were no investment
assets outside the UK.|||||
|14.|DEBTORS:|AMOUNTS|AMOUNTS|AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||31.3.23|31.3.22|
||||||||||||f||
||Prepayments|and accrued||||income|||||24,138|8,652|
|15.|CREDITORS:||AMOUNTS|||FALLING DUE WITHIN||ONE YEAR|||||
||||||||||||31.3.23|31.3.22|
||||||||||||f||
||Trade creditors||||||||||1,088|1,057|
||Social security||and other||taxes||||||6,635|8,492|
||Accruals and|deferred||income|||||||75,931|45,459|
||||||||||||83,654|55,008|
|16.|LEASING AGREEMENTS||||||||||||
||Minimum
lease||payments|||under non-cancellable|operating||leases fall due as follows:||||
||||||||||||31.3.23
f|31.3.22
f|
||Within one year||||||||||21,848|21,848|
|17.|ANALYSIS OF||NET ASSETS BETWEEN FUNDS||||||||||
||||||||||||31.3.23|31.3.22|
|||||||Unrestricted|||Restricted||Total|Total|
||||||||funds
f|||funds|funds
f|funds|
||Fixed assets|||||||573|||573|765|
||Investments||||||1,621||||1,621|1,446|
||Current assets|||||367,398||||9,574|376,972|347,488|
||Current
liabilities||||||(83,654)||||(83,654)|(55,008)|
|||||||285,938||||9,574|295,512|294,691|
|18.|MOVEMENT|IN FUNDS|||||||||||
||||||||||||Net||
||||||||||||movement|At|
||||||||||At|1.4.22|m funds|31.3.23|
|||||||||||||f|
||Unrestricted|funds|||||||||||
||Core fund||||||||285,523||415|285,938|
||Restricted funds||||||||||||
||MAPS Redundancy|||||||||9,168||9,168|
||WG Advicelink||&Claim|Whats Yours|||||||75|75|
||Basic Income|Pilot|||||||||331|331|
|||||||||||9,168|406|9,574|
||TOTAL FUNDS||||||||294,691||821|295,512|
##
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##
|Net movement|in f|u|nds,
inc|lude|d|in the ab|ove are as follo|ws:||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Incoming|Resources|Gains and|Movement||
||||||||resources
f|expended
f|losses
f|in funds
f||
|Unrestricted|funds|||||||||||
|Core fund|||||||84,398|(84,158)|175||415|
|Restricted funds||||||||||||
|Henry Smith|||||||43,725|(43,725)||||
|Empowerment|||||||26,500|(26,500)||||
|WG Advicelink|Community|||Focused|||131,881|(131,881)||||
|WG Advicelink|Specialist Debt||||||70,701|(70,701)||||
|WG Advicelink|Specialist||||||21,381|(21,381)||||
|WG Advicelink|&Claim Whats||||Yours||32,185|(32,110)|||75|
|Social Value Forum|||Development|||Fund|3,194|(3,194)||||
|Moondance -|Powys||Energy|Specialist|||21,188|(21,188)||||
|GITA Moondance||Energy|||||41,500|(41,500)||||
|Foodbank|||||||22,427|(22,427)||||
|Basic Income|Pilot||||||24,789|(24,458)|||331|
|Powys CC Ukranian|||Support||||1,963|(1,963)||||
|MoneyAdvice|and|Pension||Service-||||||||
|Financial
well-Being|||Forums||||9,350|(9,350)||||
|Access Patner Fund|||||||2,500|(2,500)||||
||||||||453,284|(452,878)||406||
|TOTAL FUNDS|||||||537,682|(537,036)|175||821|
|Comparatives|for|movement|||in|funds||||||
|||||||||Net|Transfers|||
|||||||||movement|between|Al||
||||||||At 1.4.21
f|in funds
f|funds
f|31.3.22
f||
|Unrestricted|funds|||||||||||
|Core 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||
##
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##
|Comparative
net movement|in fun|ds,
inclu|ded
in the abov|e are as fogows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||6|E|F|
|Unrestricted
funds|||||||
|Core 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|
##
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