OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Company no. 04779458 Charity no. 1103712

Powys Carers' Service Limited Report and Audited Financial Statements 31 March 2021

Powys Carers' Service Limited

Reference and administrative details

For the year ended 31 March 2021

Company number 04779458
Charity number 1103712
Registered office and Marlow
operational address South Crescent
Llandrindod Wells
Powys
LD1 5DH
Secretary Marie Davies (resigned 28 June 2021)
Laura Hammond (appointed 28 June 2021)
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
J Carter (appointed 15 June 2020)
M Evitts (appointed 15 June 2020)
M Jarvis
S John (appointed 15 June 2020)
O Jones
J Raftree
A Williams
E Yaxley (appointed 28 June 2021)
Senior Management J R O'Hara Jakeway Chief Executive Officer
Team M Davies Operations Manager
B Evans Powys Team Leader for Adult
and Young Carers
M Dean GCC Team Leader
S Penlington WCD Team Manager (job share)
M Rogers WCD Team Manager (job share)
Bankers CAF Bank HSBC
25 Kings Hill Ave Middleton Street
Kings Hill Llandrindod Wells
West Malling Powys
ME19 4JQ LD1 5EU
Solicitors P4B Law Limited
JR Business Centre
Main Avenue
Treforest
CF37 5ST
Auditors Godfrey Wilson Limited
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Powys Carers' Service Limited

Report of the trustees

For the year ended 31 March 2021

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

Credu (Powys Carers Service is the legal name and Credu the brand name) is a charity and a company limited by guarantee, incorporated in 2003. It is a network member of the Carers Trust and is a Carers Trust Centre of Excellence. The charity also holds the PQASSO Quality Mark at Level 2; a quality mark which assesses the quality of the organisation in terms of delivery, the involvement of stakeholders, human resources management, governance and so on. This quality mark has recently been rebranded as ‘Trusted Charity’.

The organisation is managed by a voluntary board of trustees, who set the strategic direction of the charity and delegate responsibilities for the day to day running of the Charity to a Chief Executive Officer who manages the Team Manager of the Operations and First Point of Contact Team, Powys Adult Carers Team, Powys Young Carers Team and WCD Young Carers Team. Each of the team leaders manage staff and volunteers within their teams.

Trustee recruitment

Trustees are recruited via word of mouth, working relationships and networks. Potential trustees who apply to the Company Secretary are checked and are then co-opted by the existing trustees.

New trustees are given an induction pack. They meet with the Chair, the CEO and the full board as part of their induction and can meet project teams and shadow some of our work in the field.

As well as the main board of trustees which meet quarterly during the period. We have a finance subgroup which scrutinises the organisation's finances and makes recommendations to the board about any significant financial decisions. There is a quality subgroup which reviews the governance and policies of the charity and make recommendations to the board. There is also a people and wellbeing subgroup which takes an overview of recruitment, support and wellbeing of staff and volunteers.

Responsibility for day to day management

Day to day responsibility for the provision of the services rest with the Chief Executive Officer along with the Management Team.

Credu’s guiding principles:

The day to day work is guided by the following principles:

2

Powys Carers' Service Limited

Report of the trustees

For the year ended 31 March 2021

Credu’s achievements

Overview from the Chair

It has been humbling and inspiring to witness the response of carers, volunteers and staff to the unprecedented challenges of the past twelve months. Everybody’s experience of the pandemic has been different. For many of us life has been difficult, at different times and for different reasons. We have had to cope with a rollercoaster of hope, disappointment and uncertainty as our normal routines have been buffeted by changing infection rates, regulations, and emotions.

Faced with all of this complexity, in the Credu community we have used three guiding principles to help us make the right choices to get us through the Pandemic in the best way we can. They are:

Our guiding principles have served us well. Through listening, and sharing our thoughts and feelings we have worked to solve problems together. Throughout the pandemic people have been absolutely magnificent.

Time after time I have seen and heard carers, volunteers and staff really helping and supporting each other. I have witnessed people giving the best of themselves and doing wonderful things for their peers in ways that are: warm, considerate, empathic, appreciative, open, welcoming, enthusiastic, encouraging, creative, cooperative, generous and above all, kind.

I always knew that the carers, volunteers and staff in the Credu family were awesome, but I’m not sure that I really understood how truly awesome they really are. When we come together and pool all of that awesomeness then we have a real opportunity to create a better future with carers.

Objectives, activities and achievements for the public benefit

Credu’s purpose

For all young and adult carers to enjoy a good quality of life and wellbeing as they define it, be recognised and valued and have choices, voice and influence.

Over the year, though out the pandemic, we have been in contact with 5,090 carers and young carers, giving direct individual and peer group support to 1,918 families.

Credu’s triple mission

Mission one: Empowered carers and families that feel listened to, understood, able to make informed choices and able to move towards the life enhancing outcomes .

We will work to help achieve this by:

3

Powys Carers' Service Limited

Report of the trustees

For the year ended 31 March 2021

We supported 1,148 people to get through the COVID-19 emergency situation which included financial assistance for 950 families impacted by financial hardship and digital exclusion. We held 4,002 person centred support sessions. A further 135 families benefited from specialist bespoke respite in Powys that helped sustain their mental well-being, carry on caring and have a life outside of caring.

An example of our one to one support for carers of all ages and their families:

With the COVID-19 pandemic, last winter, some families were hit hard financially as well as caring with less support than usual. Thankfully, we were able to ease this plight for 1,148 people, helping them to get through the COVID-19 emergency situation by providing financial assistance for 950 families impacted by financial hardship. Families needed help with basics like food and heating as well as digital technology to be able to access education and connect with others.

As always we listened to families and gave support as quickly as possible, often within 24 hours. It was a huge effort by volunteers, outreach workers, managers, administration and finance staff. Everyone pulled together. Some of these quotes from carers gives a flavour of just how vital this work has been.

‘Just wanted to say a huge thank you for helping us get L a new Chromebook. Not only is that going to make home schooling life easier but it will enable L to progress with her school work for now and the years ahead.’

‘The Tesco voucher… ‘thank you’ just does not cover what this means to me and my two girls.’

‘I was struggling with the household bills since having the children home due to COVID-19 and it has really got me out of a sticky situation – thank you.’

‘Having the freezer has made such a massive difference. We did one big shop, (reducing the amount of time we have to go shopping) and spent time cooking some healthy meals so even when things are feeling overwhelming we can still have a healthy dinner. In addition I’m sure you can appreciate being able to stay on top of the washing and not having to go to the launderette has reduced so much stress.'

'Thank you for the laptop, school work has been a nightmare as my old laptop is now broken I had it for about 3-4 years and over time some keys came off and then in the last few months the keyboard has just stopped working. I couldn't access the live lessons as my speaker also wouldn't work and I couldn't type, today has been a lot easier as I have been able to access the live lessons and I have been able to contact teachers if needed. I would like to thank you so much as it has made my life easier to do home schooling in these difficult times.'

‘This will help me and my brother to fix things in the house we couldn’t fix by ourselves with our situation.'

‘Thank you so much! I can put the heating on more as then the children won’t be cold. It will make a massive difference for me and the children. It’s been so cold. Thank you so so much. One less thing to worry about. (Heating bill covered)‘

4

Powys Carers' Service Limited

Report of the trustees

For the year ended 31 March 2021

We are incredibly grateful to the funding from the Welsh Government via the Carers Trust as well as emergency donations from the Esmee Fairbairn Foundation, the Newmark Foundation and the Waterloo Foundation that enabled us to do this.

Mission two: Connected caring communities that are supportive and enabling of carers and their families .

We will work to help achieve this by:

We held 1,248 peer support, training sessions and activity group sessions. Volunteering doubled and we now have over 111 volunteers.

An example of our awareness raising work includes Credu partnering with Powys Teaching Health Board and developing relationships at each Mass Vaccination Centre (MVC) to identify carers. This partnership has resulted in 990 information packs being distributed. This has been further developed by partnering with PAVO to raise awareness in more local publications across Powys.

With funding from the Regional Partnership Board, Credu along with carers is raising awareness through the use of print, digital and press/media campaigns as well as rock up and pop up events across Powys. The print campaign includes Carers Chat newsletters. The Credu digital platform continues to grow with 105 new followers in the last quarter, 1,346 visits to their website and 987 subscriptions to our weekly email campaign. The press/media campaign involves five press outlets; The Chronicle, County Times, The Community Magazine Ystradgynlais, Out and About Builth and Llandrindod Wells and Local Beacon (Brecon and Wye). The awareness campaigns that Credu run just in Powys, have resulted in new carers increasing by 49% and the number of new carers supported numbering 436.

Mission three: Carers have a strong voice in services that impact upon their lives

We will work to achieve this by:

We now have:

5

Powys Carers' Service Limited

Report of the trustees

For the year ended 31 March 2021

One example of carers having a stronger voice and influence was the development of the Young Carers ID Card in North Wales.

Fayeth was shunned when shopping for the family during lockdown. People thought she was being reckless. They didn’t understand that she is a young carer, giving much needed help to her family. Fayeth raised the need for a Young Carers ID card so that people would understand when someone is a young carer and realise that they have special responsibilities. With the Help of Carers Trust Wales Fayeth got on the BBC News and other TV programmes.

The WCD Young Carers Forum have worked tirelessly to design the card, collaborate with six councils across North Wales and other carers organisations. Wrexham AFC launched the card with an on-line event and generously dedicated a football game to young carers on Young Carers Action Day.

Now the Young Carers Forum are working creatively with others to promote the ID card across the region to ensure that it is recognised by schools, health settings and businesses. Fayeth says ‘Since having the I Care card and being on BBC, things have changed for me locally, I have been allowed into shops and the staff’s attitudes have changed as I explain what a young carer is.’

Because we listen to every person as an expert in their own life and design our support around what matters most to each family, our impact is profound. Parent carer, Hayley Mann captures what Credu support means to her:

‘Thank you I've found such positive empowering support in Credu!! Credu’s commitment to carers has been live changing, giving us a voice a platform, a purpose to dare to look forward and believe again in ourselves… a cuppa, a chat, a friendly ear, some support, positive direction, a platform to services, wonderful therapeutic sessions...I no longer feel like I'm a tick box problem. I feel like Hayley again...’

Public benefit statement

Further to the review of activities during the year included within this trustee report, we confirm we have complied with our duty to have due regard to the Charity Commission's public benefit guidance when exercising our powers or duties to which the guidance is relevant.

Financial review

Principal funding sources

Total income for the year was £1,641,636 (2019/20 £1,372,567). Of this £1,000,825 (2019/20 £668,751) related to project restricted activities. Direct expenditure for the year was £1,393,446 (2019/20 £1,136,219). A surplus of £248,190 (2019/20: surplus of £236,348) was made in the year. At 31 March 2021 total funds were £797,178 of which £467,616 represented restricted funds (2019/20 £548,988 of which £371,154 represented restricted funds).

Reserves policy

The reserves policy dated 2013, defines ‘a prudent level of reserves as 3 months (25%) of expenditure’. Trustees will be reviewing the reserves policy in line with levels of liability over the next year and also receiving advice of ways to generate unrestricted income.

6

Powys Carers' Service Limited

Report of the trustees

For the year ended 31 March 2021

The unrestricted reserves held by the Charity at 31 March 2021 amounted to £329,562. Free reserves are calculated from unrestricted funds excluding fixed assets of £99 giving free reserves of £329,463.

The charity does not have an investment policy and does not currently hold investments.

Fundraising

We carry out fundraising internally and it is a major part of the Chief Executive Officer's role, who has been very successful in the past. Local funding projects are sought and drafted by Team Leaders. Outreach Workers’ local relationships result in small local donors for local activities and funds on behalf of individual carers and young carers.

We are not currently subscribed to any fundraising standards, but are members of The Charity Retail Association and seek advice and guidance from the Fundraising Regulator website as well as support from local County Voluntary Associations and Carers Trust.

We have received no complaints about our fundraising activities and our current fundraising activities are low risk to vulnerable people and children.

Plans for future periods

The plan over the next year is to:

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

It is clearly impossible to make any reasoned predictions about the impact of COVID-19, however the outstanding response to the COVID-19 crisis which has continued until now leads the trustees to feel confident that Credu is well placed to develop in the coming year, and is very well positioned to take advantage of opportunities that may arise to widen the services that are provide to carers. Meeting increased demand for the existing services will be a continuing challenge.

7

Powys Carers' Service Limited

Report of the trustees

For the year ended 31 March 2021

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

Godfrey Wilson Limited were re-appointed as auditors to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 17 December 2021 and signed on their behalf by

John Raftree - Trustee

8

Independent auditors' report

To the members of

Powys Carers' Service Limited

Opinion

We have audited the financial statements of Powys Carers' Service Limited (the 'charity') for the year ended 31 March 2021 which comprise the statement of financial activities, balance sheet, statement of cashflows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

9

Independent auditors' report

To the members of

Powys Carers' Service Limited

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

10

Independent auditors' report

To the members of

Powys Carers' Service Limited

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:

(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of non-compliance.

(2) We reviewed the charity’s policies and procedures in relation to:

(3) We inspected the minutes of trustee meetings.

(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.

(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.

(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

11

Independent auditors' report

To the members of

Powys Carers' Service Limited

Use of our report

This report is made solely to the charityʼs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charityʼs members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.

Date: 17 December 2021

Rob Wilson FCA (Senior Statutory Auditor)

For and on behalf of: GODFREY WILSON LIMITED Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

12

Powys Carers' Service Limited

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income
Transfers between funds
Net movement in funds
10
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted
£
2,325
992,674
5,826
-
1,000,825
-
906,565
906,565
94,260
2,202
96,462
371,154
467,616		 Unrestricted
£
31,625
590,925
18,036
225
640,811
68,149
418,732
486,881
153,930
(2,202)
151,728
177,834
329,562		 2021
Total
£
33,950
1,583,599
23,862
225
1,641,636
68,149
1,325,297
1,393,446
248,190
-
248,190
548,988
797,178		 2020
Total
£
11,273
1,273,579
87,090
625
1,372,567
78,761
1,057,458
1,136,219
236,348
-
236,348
312,640
548,988

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17 to the accounts.

13

Powys Carers' Service Limited

Balance sheet

As at 31 March 2021

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
15
Net current assets
Net assets
16
Funds
17
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
85,260
810,872
896,132
(99,053)		 2021
£
99
797,079
797,178
467,616
329,562
797,178		 2020
£
141
170,669
523,920
694,589
(145,742)
548,847
548,988
371,154
177,834
548,988

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 17 December 2021 and signed on their behalf by

John Raftree - Trustee

14

Powys Carers' Service Limited

Statement of cash flows

For the year ended 31 March 2021

For theyear ended 31 March 2021
Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends and interest from investments
Decrease / (increase) in debtors
Increase in creditors
Net cash provided by operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
248,190
42
(225)
85,409
(46,689)
286,727
225
225
286,952
523,920
810,872		 2020
£
236,348
65
(625)
(128,961)
77,529
184,356
625
625
184,981
338,939
523,920

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

15

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Powys Carers' Service Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The COVID-19 pandemic has had a profound impact on the global economy, and has in turn affected the charity. The trustees have considered the impact of this issue on the charity’s current and future financial position. The charity has unrestricted net current assets of £330k and a cash balance of £811k at the balance sheet date. The charity have also had substantial contract income extended for at least 12 months from the date of signing. The trustees therefore consider that the charity is a going concern for a period of at least 12 months from the date on which these financial statements are approved.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of provision of contracted services, trips, and events is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

16

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to expenditure on charitable activities which is considered to be reflective of the activities of the charity in this period.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Furniture and equipment 33.3% on cost Office equipment 33.3% on cost Computer equipment 33.3% on cost

j) Stock

The charity holds donated stock in two charity shop retail outlets. This stock is comprised mainly of donated clothing and has not been valued in the accounts on the basis that it would be impracticable to do so.

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

17

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

m) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

o) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

p) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

q) Termination payments

Where an employee receives a termination payment, the cost is recognised at the date that the employee is notified.

r) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Depreciation

As described in note 1(i) to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. Depreciation rates in operation during the current and prior period are described above, in note 1(i).

18

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds
3.
Income from donations and legacies
Donations
Prior period comparative:
Donations		 Restricted
£
£
7,413
3,860
655,357
618,222
5,981
81,109
-
625
668,751
703,816
-
78,761
498,058
559,400
498,058
638,161
170,693
65,655
1,316
(1,316)
172,009
64,339
Restricted
£
£
2,325
31,625
Restricted
£
£
7,413
3,860
Unrestricted
Unrestricted
Unrestricted		 2020
Total
£
11,273
1,273,579
87,090
625
1,372,567
78,761
1,057,458
1,136,219
236,348
-
236,348
2021
Total
£
33,950
2020
Total
£
11,273

19

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

4. Income from charitable activities

Core contracts
Grants
Total income from charitable activities
Prior period comparative:
Core contracts
Grants
Fees for charitable services
Total income from charitable activities		 Restricted
£
£
-
590,925
992,674
-
992,674
590,925
Restricted
£
£
156,999
591,104
497,924
26,868
434
250
655,357
618,222
Unrestricted
Unrestricted		 2021
Total
£
590,925
992,674
1,583,599
2020
Total
£
748,103
524,792
684
1,273,579

5. Income from other trading activities

Fundraising
Retail income
Subletting
Consultancy and other sundry receipts
Total income from other trading activities
Prior period comparative:
Fundraising
Retail income
Subletting
Consultancy and other sundry receipts
Total income from other trading activities		 Restricted
£
£
5,826
9,236
-
7,195
-
1,400
-
205
5,826
18,036
Restricted
£
£
5,981
114
-
69,996
-
6,667
-
4,332
5,981
81,109
Unrestricted
Unrestricted		 2021
Total
£
15,062
7,195
1,400
205
23,862
2020
Total
£
6,095
69,996
6,667
4,332
87,090

20

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

6. Government grants

7. Expenditure on raising funds

Expenditure on raising funds
Fundraising expenses
Retail overheads
Staff costs
Total expenditure on raising funds		 Restricted
£
£
-
16
-
24,880
-
43,253
-
68,149
Unrestricted		 2021
Total
£
16
24,880
43,253
68,149		 2020
Total
£
1,588
30,686
46,487
78,761

8. Expenditure on charitable activities

Powys Young Carers
Powys Adult Carers
WCD Young Carers
GCC Ceredigion
Emergency Costs
Total expenditure on charitable activities
Prior period comparative
Powys Young Carers
Powys Adult Carers
WCD Young Carers
GCC Ceredigion
Total expenditure on charitable activities		 £
416,399
239,573
181,209
123,743
174,500
1,135,424
£
242,942
299,792
196,862
89,153
828,749
Activity
undertaken
Activity
undertaken		 £
74,209
46,572
49,132
19,960
-
189,873
£
65,064
69,828
73,279
20,538
228,709
Activity
support
Activity
support		 2021
Total
£
490,608
286,145
230,341
143,703
174,500
1,325,297
£
308,006
369,620
270,141
109,691
2020
Total
1,057,458

21

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

9. Analysis of support and governance costs

Analysis of support and governance costs
2021
Support Governance Total
£ £ £
Employment costs 106,381 3,235 109,616
Establishment costs 14,182 - 14,182
Office expenses 58,487 - 58,487
Marketing and newsletter 481 - 481
Meeting costs 10 214 224
Travel and subsistence 35 105 140
Statutory audit fees - 6,479 6,479
Training costs 78 - 78
Bank charges 144 - 144
Depreciation 42 - 42
Total support and governance costs 179,840 10,033 189,873
Prior period comparative:
Prior period comparative:
2020
Support Governance Total
£ £ £
Employment costs 126,666 3,026 129,692
Establishment costs 20,988 - 20,988
Office expenses 60,923 - 60,923
Marketing and newsletter 380 - 380
Meeting costs 20 233 253
Travel and subsistence 9,721 53 9,774
Statutory audit fees - 4,740 4,740
Training costs 1,741 - 1,741
Bank charges 153 - 153
Depreciation 65 - 65
Total support and governance costs 220,657 8,052 228,709

22

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

10. Net movement in funds

This is stated after charging:

Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Auditors' remuneration:
Statutory audit (including VAT)		 2021
£
42
39,685
Nil
224
5,760		 2020
£
65
23,748
Nil
102
4,740

Trustees' reimbursed expenses comprise reimbursed training expenses for one trustee (2020: travel expenses for two trustees).

11. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Redundancy		 2021
£
724,484
46,771
16,445
1,285
788,985		 2020
£
603,336
36,039
14,070
12,130
665,575

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the Trustees, Chief Executive Officer, Operations Manager, and Team Leaders. The total employee benefits of the key management personnel were £177,007 (2020: £139,542).

Redundancy payments of £1,285 comprise payment to one staff member for redundancy following the end of the funding for the Connected Generation Project Manager role during the year.

Average head count 2021
No.
42.50		 2020
No.
38.50

12. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

23

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

13. Tangible fixed assets

Cost
At 1 April 2020 and at 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
14. Debtors
Trade debtors
Accrued income
Prepayments
Other debtors
15. Creditors : amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security
Other creditors
Deferred income		 £
427
286
42
328
99
141
Furniture
and
equipment		 Computer
equipment
£
15,602
15,602
-
15,602
-
-
2021
£
6,119
11,360
59,305
8,476
85,260
2021
£
58,310
24,169
13,084
3,490
-
99,053		 Total
£
16,029
15,888
42
15,930
99
141
2020
£
59,363
27,302
84,004
-
170,669
2020
£
79,904
24,539
12,937
4,362
24,000
145,742

24

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

16. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2021
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2020		 £
-
529,183
(61,567)
467,616
£
-
462,841
(91,687)
371,154
Restricted
funds
Restricted
funds		 £
99
366,949
(37,486)
329,562
£
141
231,748
(54,055)
177,834
Unrestricted
funds
Unrestricted
funds		 £
99
896,132
(99,053)
Total
funds
797,178
Total
funds
£
141
694,589
(145,742)
548,988

25

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

17. Movements in funds

Restricted funds
Carers Relief Funds - Various
Sundry donations and fundraising
Individual grants
Rank Aspire
Rank Foundation
GBS Public Health
Clore
Newmor
Lloyds Bank Foundation
Pears Explore More Fund
DVSC - ICF
PCC Connecting Carers Brochure
Tudor Trust
AVOW Youth Led
BCUHB Schools
Carers Respite
Carers Trust MH and Wellbeing
PCC - RPB Engagement
Llanwrst Youth Project
Carers Respite 2019
Tesco (Groundwork UK)
PCC - ICF YC Well-Being
Esme Fairbairn
PAVO Youth Led
PCC Adult Engagement
PAVO Social Value Research
Sub-total restricted funds
PCC Youth Service/Youth Bank
Grants
Santander Discovery Foundation
PtHB - Co-production learning
collaboration
Rank Foundation: Time to Shine
2019
Rank Foundation: Time to Shine
2020
The Big Lottery Fund - Connected
Generations
Betsi Cadwalladr University Health
Board
Welsh Ambulance Services NHS
Trust
Powys Community Endowment
Fund		 At 1 April
2020
£
949
830
30,805
805
1,832
34,900
2,731
15,707
1,025
6,250
348
11,311
527
1,515
644
265
2,161
35,733
-
39
4,806
3,314
286
622
1,864
245
2,178
1,364
636
1,000
4,842
45,602
100
9,950
460
225,646
 Income
£
-
-
6,985
1,200
36,521
-
-
33,949
-
-
-
-
-
-
-
-
-
177,930
37,000
-
-
-
-
-
-
-
-
-
-
1,166
-
45,314
-
-
-
340,065		 £
-
-
(30)
(100)
(32,330)
(24,932)
-
(32,809)
-
-
-
(5,000)
(527)
(70)
-
-
-
(194,648)
(24,216)
(39)
-
-
(286)
(622)
-
(245)
-
-
-
-
(2,015)
(42,017)
-
-
-
(359,886)
Expenditure		 £
-
-
-
-
-
-
(2,731)
2,731
-
-
-
-
-
-
-
-
-
(3,815)
-
-
-
(3,314)
-
-
-
-
-
(1,364)
-
-
-
-
-
-
-
(8,493)
Transfers
between
funds		 £
949
830
37,760
1,905
6,023
9,968
-
19,578
1,025
6,250
348
6,311
-
1,445
644
265
2,161
15,200
12,784
-
4,806
-
-
-
1,864
-
2,178
-
636
2,166
2,827
48,899
100
9,950
460
At 31 March
2021
197,332

26

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

17. Movements in funds (continued)

Restricted funds (continued)
Brought forward sub-total
Powys AC:Wales Coop
Bronglais Hospital Project
Bronglais Working Carers Support
Carers Respite 2020
Carers Trust Explore More
Carers Trust Peer Support
Creative Sparks
Creative Wellbeing
GCC Donations and Fundraising
Great Ideas
Life After Caring
Sport Wales
RPB Age Well, Live Well
RPB Start Well
Steve Morgan Foundation
Children in Need 2019
ICF Raising Awareness
ICF Respite 2019
Additional Emergency Fund
BCU Additional Emergency Fund
Care to Connect
Carers Fund
Carers Involvement Project
Carers Representatives
Emergency:Esme Fairbairn
Emergency:Carers Trust EFL
Emergency:Carers Trust £10K
Emergency:PAVO
Emergency:WCVA
Emergency:Waterloo Foundation
Singing Group
Sub-total restricted funds
Emergency:Carers Trust Directs
Carers Awards & Support
Services
Emergency: Powys CC Mach
Shop
Emergency: Powys CC Brecon
Shop		 At 1 April
2020
£
225,646
3,630
1,129
2,500
9,031
840
1,477
715
2,196
899
2,166
7,341
1,500
885
2,090
-
1,352
29,233
78,524
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
371,154		 Income
£
340,065
-
24,000
-
-
-
1,200
-
-
-
9,066
-
-
-
-
23,283
37,660
50,000
122,000
7,500
7,500
17,500
375
4,913
10,000
23,106
7,500
10,000
350
49,730
141,625
15,000
23,000
23,000
1,207
949,580		 £
(359,886)
-
(18,921)
(5)
(1,414)
(840)
(220)
-
(2,462)
-
(11,232)
-
-
-
-
(26,518)
(41,528)
(53,771)
(148,633)
(998)
-
(14,433)
(31)
-
-
(6,560)
(4,623)
(8,690)
(70)
(34,157)
(112,133)
(3,440)
(23,000)
(23,000)
(1,207)
(897,772)
Expenditure		 £
(8,493)
-
-
-
(7,617)
-
-
-
266
-
-
-
-
-
-
3,235
2,516
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(10,093)
Transfers
between
funds		 £
197,332
3,630
6,208
2,495
-
-
2,457
715
-
899
-
7,341
1,500
885
2,090
-
-
25,462
51,891
6,502
7,500
3,067
344
4,913
10,000
16,546
2,877
1,310
280
15,573
29,492
11,560
-
-
-
At 31 March
2021
412,869

27

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

17. Movements in funds (continued)

Restricted funds (continued)
Brought forward sub-total
Waterloo YC
WCD YC:Carers Respite
Windfarm
Wrexham FC
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2020
£
371,154
-
-
-
-
371,154
177,834
177,834
548,988		 Income
£
949,580
25,000
14,245
4,000
8,000
1,000,825
640,811
640,811
1,641,636		 £
(897,772)
-
(8,793)
-
-
(906,565)
(486,881)
(486,881)
(1,393,446)
Expenditure		 £
(10,093)
-
12,295
-
-
2,202
(2,202)
(2,202)
-
Transfers
between
funds		 £
412,869
25,000
17,747
4,000
8,000
At 31 March
2021
467,616
329,562
329,562
797,178

Purposes of restricted funds

Carers Relief Funds - Various

Carers Relief Funds are applied for on behalf of Carers and paid direct to Carers.

PCC Youth Service/Youth Bank Grants

PCC Youth Service/Youth Bank are grants applied for by Young Carers Groups and for group activities.

Sundry donations and fundraising

Sundry donations and fundraising are towards various carers groups and trips and money raised by other smaller community organisations for the benefit of carers.

Rank Aspire

An internship programme for Young Adults aspiring to make a difference. This enabled Credu to employ an inspiring Young Adult Carer to develop wellbeing support for Carers of all ages.

Rank Foundation

Time to Shine - funding a research internship to explore young carers and education.

Rank Foundation: Time to Shine A 12 month Leadership Internship. The 2019 project is 2019 ‘Communication and Engagement’

Rank Foundation: Time to Shine An internship programme for aspiring community leaders. This 2020 enabled Credu to employ an inspirational Parent Carer who is passionate about supporting others and about making her local community more accessible and life enhancing.

28

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

**17. ** Movements in funds (continued) - Purposes of restricted funds (continued)
GBS Public Health Funding for capacity to participate in a co-production project.
Clore Clore Social Leadership - Bursary for J O'Hara Jakeway to be a Clore
Social Fellow.
Newmor Donation towards media training for young adult carers.
Lloyds Bank Foundation Grant funding for Adult Carers around the themes of transition, spent
on Outreach Worker capacity, training and resources.
Pears Explore More Fund Grant via Carers Trust For Individual Grants for Young Carers.
Santander Discovery Foundation Capital Grant for WCD Young Carer resources.
DVSC - ICF Grant for WCD Young Carers for training regarding Sibling Young
Carers
PCC Connecting Carers Brochure Funding towards the publishing of a bilingual booklet for Carers in
Powys.
PtHB - Co-production learning Funding for a variety of Listening Events with Carers and Report to
collaboration Powys teaching Health Board.
The Big Lottery Fund - Connected The Connected Generation project is funded by the Big Lottery Fund
Generations for people over 50 across Powys. Credu is the lead organisation
across
five
partners
to
deliver
individual
support,
community
activities, events, advice and information.
Tudor Trust Funding for two part-time outreach workers to undertake action
research into place based approaches to Support Young Carers.
AVOW Youth Led Funding the 14+ group, applied for to organise and run a Christmas
party for the younger young carers in Wrexham.
BCUHB Schools Betsi Cadwallader University Health Board grant for WCD Young
Carers to engage with Primary Schools.
Carers Respite Funding from Wrexham CBC, Conway CBC and Denbighshire CC for
WCD Young Carers to have respite opportunities and under 8s.
Carers Trust MH and Wellbeing Funding from Carers Trust to provide MH and Well-being Young
Carer group activities in North Wales.
Welsh Ambulance Services NHS Grant for WCD Young Carers Summer Fete.
Trust
PCC - RPB Engagement Engaging with Adult Carers to understand key issues that matter to
them and to open opportunities for Carers to sit on the RPB and sub-
groups.

29

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

17. Movements in funds (continued) - Purposes of restricted funds (continued) Llanwrst Youth Project To support Young Carers Activities in the area (WCD Young Carers). Betsi Cadwalladr University Health Funds from Welsh Government for Primary School engagement Board (WCD Young Carers). Carers Respite 2019 Funding from Wrexham, Conwy & Denbighshire County Councils for Young Carers to access Respite Activities (WCD Young Carers). Powys Community Endowment Funding from Powys Community Endowment Fund for sports Fund activities for Young Carers. Tesco (Groundwork UK) Funding from Blue Token appeal in Welshpool Tesco to support Powys Young Carers Activities. PCC - ICF YC Well-Being Integrated Care Fund Support via Powys County Council for Young Carers engagement. Esme Fairbairn 3 year Grant funding from The Esmee Fairbairn Foundation for supporting Young Carers in rural schools.

PAVO Youth Led PAVO Youth Led Grant for Powys Young Carers. PCC Adult Engagement Funds from Powys County Council for Adult Carers engagement events and support.

PAVO Social Value Research Funds from Powys County Council via PAVO to research Newtown Community opportunities.

Powys AC:Wales Coop Funds made available from the Wales Co-operative Centre for a Digital Financial Inclusion Project. Bronglais Hospital Project Sponsored by ICF via Hywel Dda Health Board, we have employed a Carers Support Officer within Bronglais hospital to raise awareness of and build support for staff who are carers as well as for the families of patients. Bronglais Working Carers Support Funded by Hywel Dda Health Board, to raise awareness and build support, within Bronglais Hospital, for staff who are carers as well as for the families of patients. Carers Respite 2020 Funding from Wrexham, Conwy & Denbighshire County Councils for Young Carers to access Respite Activities (WCD Young Carers). Carers Trust Explore More A fund that enabled us to invest in young carers to access specific experiences and support.

30

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

17. Movements in funds (continued) - Purposes of restricted funds (continued) Carers Trust Peer Support A fund that support Carers peer support group.

Creative Sparks A series of art sessions throughout the year with young carer groups across Powys funded and delivered by Arts Connection. Creative Wellbeing Funding from Hywel Dda University Health Board to provide Carers Creative well-being sessions in Ceredigion.

GCC Donations and Fundraising Sundry donations and fundraising are towards various carers groups and trips and money raised by other smaller community organisations for the benefit of carers in Ceredigion. Great Ideas Funding provided by the Great Ideas Community Fund to part cover the salary of a community leader in Powys. Life After Caring Funding from Hywel Dda University Health Board to provide a life after caring befriending service in Ceredigion. Sport Wales A Sport Wales Community Chest Grant to sports equipment for use by Brecon Young Carers. RPB Age Well, Live Well Funding provided through Powys CC on behalf of the Regional Partnership Board to support carer involvement on the Age Well/Live Well Partnership Boards. RPB Start Well Funding provided through Powys CC on behalf of the Regional Partnership Board to support carer involvement on the Carers Steering Group and Start Well Partnership Board. Steve Morgan Foundation To provide three year funding for an outreach worker in Conwy & Denbighshire. Children in Need 2019 Funding from Wrexham, Conwy & Denbighshire County Councils for Young Carers to access Respite Activities (WCD Young Carers). ICF Raising Awareness Funding from the Integrated Care Fund (ICF), through Powys CC to raise awareness among hard to reach communities, health settings and intergenerational work in Powys. ICF Respite 2019 Funding from the Integrated Care Fund (ICF), through Powys CC to develop, improve and increase bespoke respite opportunities for carers in Powys. BCU Additional Emergency Fund Emergency funding for young carers wellbeing support. Care to Connect Funding for freelance services to support two communities to build infrastructure for care and support.

31

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

17. Movements in funds (continued) - Purposes of restricted funds (continued) Carers Fund Funding towards an adult carer group. Carers Involvement Project Funding from Powys Teaching Health Board to support consultation on School of Carers and Volunteers. Carers Representatives To support young carers representation on the Regional Partnership Board. Emergency: Esme Fairbairn Funding for shortfalls in emergency funding for carers and to cover staffing shortfalls. Emergency:Carers Trust EFL Funding provided towards staff wellbeing through the pandemic, including the provision of on-line workshops. Emergency:Carers Trust £10K Emergency grants for carers facing financial hardship. Emergency:PAVO Grant funding provided to support carers through the pandemic. Emergency:WCVA Funding provided towards a volunteer coordinator salary and the costs of recruiting and training volunteers. Emergency:Carers Trust Directs Funding provided to supply small grants to carers facing financial Carers Awards hardship. Emergency:Carers Trust Carers For additional telephone support, outreach work, wellbeing resources Support Services and activities to support carers through the pandemic. Emergency:Waterloo Foundation Funding provided for increased communications for carers and to provide better information including website, newsletters, etc. Emergency: Powys CC Mach Government funding provided to support retail through the covid-19 Shop pandemic. Emergency: Powys CC Brecon Government funding provided to support retail through the covid-19 Shop pandemic. Singing Group Funding to provided to support social connection through the covid19 pandemic. Waterloo YC Funding towards an outreach workers salary for one year. WCD YC:Carers Respite Funding for young carers for trips and activities. Windfarm Funding provided towards young carers support in and around Llandidndod. Wrexham FC Donation from Wrexham Football club to be used towards North Wales young carers festival in collaboration with Action for Children and NEWCIS.

32

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

17. Movements in funds (continued) Transfer between funds

WCD YC:Carers Respite

The full cost of the project is not covered by restricted funding so a transfer is made from unrestricted funding to cover the extra costs.

Creative Wellbeing

A transfer was made from unrestricted funds to cover a small overspend on this project.

Other transfers

The remaining transfers were made to consolidate some similar restricted funds into single line for presentational purposes.

Prior period comparative

At 1 April
2019
£
Restricted funds
Carers Relief Funds - Various
949
830
Sundry donations and fundraising
26,197
Individual grants
430
Rank Aspire
-
Rank Foundation
7,316
7,940
-
GBS Public Health
1,025
Clore
6,250
Newmor
348
BBC Children in Need
9,744
Lloyds Bank Foundation
19,941
Pears Explore More Fund
575
1,515
DVSC - ICF
644
PCC Connecting Carers Brochure
265
2,161
17,267
Tudor Trust
8,257
AVOW Youth Led
39
BCUHB Schools
4,806
Carers Respite
3,569
Carers Trust MH and Wellbeing
286
622
PCC - RPB Engagement
1,864
Llanrwst Youth Project
637
Sub-total restricted funds
123,477
Rank Foundation: Time to Shine
2019
Rank Foundation: Time to Shine
2020
PtHB - Co-production learning
collaboration
The Big Lottery Fund - Connected
Generations
Welsh Ambulance Services NHS
Trust
PCC Youth Service/Youth Bank
Santander Discovery Foundation		 Income
£
-
-
12,215
3,215
13,200
50,000
8,280
20,752
-
-
-
10,045
-
-
-
-
-
-
236,316
-
-
-
-
-
-
-
-
354,023		 £
-
-
(7,607)
(2,840)
(11,368)
(22,416)
(13,489)
(5,045)
-
-
-
(22,554)
(8,630)
(48)
-
-
-
-
(217,850)
(8,663)
-
-
(255)
-
-
-
(392)
(321,157)
Expenditure		 £
-
-
-
-
-
-
-
-
-
2,765
-
-
-
-
-
-
-
406
-
-
-
-
-
-
-
3,171
Transfers
between
funds		 £
949
830
30,805
805
1,832
34,900
2,731
15,707
1,025
6,250
348
-
11,311
527
1,515
644
265
2,161
35,733
-
39
4,806
3,314
286
622
1,864
245
At 31 March
2020
159,514

33

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

the year ended 31 March 2021
Movements in funds (continued) - Prior period comparative (continued)
At 1 April
2019
Income
£
£
£
Restricted funds (continued)
Brought forward sub-total
123,477
354,023
(321,157)
5,026
-
(2,848)
Carers Respite 2019
2,642
-
(1,278)
500
-
(500)
636
-
-
Tesco (Groundwork UK)
1,000
-
-
PCC - ICF YC Well-Being
5,000
-
(158)
Esme Fairbairn
45,316
45,314
(45,028)
Carers Trust Quilters
988
(988)
-
PAVO Youth Led
100
-
-
PCC Adult Engagement
10,000
-
(50)
PAVO Social Value Research
460
-
-
Powys AC:Wales Coop
4,000
-
(370)
Bronglais Hospital Project
-
6,000
(4,871)
Bronglais Working Carers Support
-
2,500
-
Carers Respite 2020
-
24,000
(14,969)
Carers Trust Explore More
-
1,080
(240)
Carers Trust Peer Support
-
5,670
(4,193)
Creative Sparks
-
715
-
Creative Wellbeing
-
2,200
(4)
Fun Day 2019
-
953
(1,027)
GCC Donations and Fundraising
-
899
-
Great Ideas
-
2,250
(84)
Life After Caring
-
7,413
(72)
Sport Wales
-
1,500
-
RPB Age Well, Live Well
-
5,000
(4,115)
RPB Start Well
-
5,000
(2,910)
Steve Morgan Foundation
-
24,201
(25,037)
Children in Need 2019
-
24,022
(19,905)
ICF Raising Awareness
-
50,999
(21,766)
ICF Respite 2019
-
106,000
(27,476)
Total restricted funds
199,145
668,751
(498,058)
General funds
113,495
703,816
(638,161)
Total unrestricted funds
113,495
703,816
(638,161)
Total funds
312,640
1,372,567
(1,136,219)
Betsi Cadwalladr University Health
Board
Powys Community Endowment
Fund
Unrestricted funds
WCD YC:Conwy Voluntary Sector
Expenditure		 £
3,171
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
74
-
-
-
-
-
-
836
(2,765)
-
-
1,316
(1,316)
(1,316)
-
Transfers
between
funds		 £
159,514
2,178
1,364
-
636
1,000
4,842
45,602
-
100
9,950
460
3,630
1,129
2,500
9,031
840
1,477
715
2,196
-
899
2,166
7,341
1,500
885
2,090
-
1,352
29,233
78,524
At 31 March
2020
371,154
177,834
177,834
548,988

34

Powys Carers' Service Limited

Notes to the financial statements

For the year ended 31 March 2021

18. Operating lease commitments

The charitable company had operating leases for land, property, communications and printing equipment at the year end with total future minimum lease payments as follows:


at the year end with total future minimum lease payments as follows:
Amount falling due:
Within 1 year
Within 1 - 5 years		 2021
£
24,774
11,550
36,324		 2020
£
22,498
5,493
27,991

19. Related party transactions

There were no related party transactions in the current or prior period.

35