2024-05-31-accounts

advice Mid Wales Canolbarth Cymru Free Help and Information. Impartial. Confidential The Cal'e Centi'e Forge Road Machynlleth SY20 8EQ Tel: [phone] [e-mail] www.advicemidwales.org.uk Trustees Annual Report & Accounts for the Financial Year Ending 31" of May 2024 Bro Ddyli Advice Centre {OpLraling lis AdviLe Mid Wales) Ilegislered Cl)ai'ily No. I I1104U Coinpaiiy Lin)ited by Giiaranlee No. 5454713 Advice Mid Wales is an Alteriiic tive 0￿]ce to the DWP'S Pension Sei'vice.

advice Mid Wales Canolbarth Cymru Free Help and Information. Impartial. Confidential The Care Centre Foi'ge Road Macliynlleth SY20 8EQ Tel: [phone] [e-mail] www.adviceinidwales.oi'g.uk th 2023 marks the 20 anniversary of our decision to break away from CAB Powys in the interest of providing a proper local service for the Bro Ddyf i community, turning to Advice UK as the u mbrella organisation to guarantee the standards of the service we offer. And in spite of some bumps alongthe road we are still here, thriving and dealing with more work than ever. Michael's manager's report will provide a detailed pictu re of what is happening at the moment, but an increase in demand of 60% in terms of case load demonstrates how much our community is in need of ourservices. And sadly, the problems many people are having with the cost of living are reflected in a nearly fou rfold increase in the amount of debt dea It with compared with the previous year12022/20231. This led to a Isuccessf u11 a pplication to the National Lottery for funds for a trainee debt adviser in May 2024, and Judy van Dyk started in the p05t shortly after the end of this financial year. During thi5 yearwe have also benefited from the Lottery's People and Places fund in being able to appoint an ad mini5trative assistant in July 2023. Isabel Cloves has proved to be an invaluable addition to our team. Our increasingly close relationsh ip with Gwynedd County Council (because of the large nu mber of our clients who are resident in Gwyneddl has enabled us to continue our outreach service in Tywyn, which, as the person who normally runs the sessions, I know is very much appreciated, particu larly by the elderly and disabled who find it very convenientto have advice available close to home. I would like to thank the librarystaff in Tywyn forthe warm welcome they have given us, and their help in so many ways. Gwynedd'5 funding will enable us to continue our work during 2024125. This increase in demand has meant continued pressure on our relatively small group of volunteers, who have risen to the task magnif icently. It has also been a successfu l year in terms of funding, though this was really needed in terms of the increased need of investment in inf rastructu re etc to keep us the level of ou r services. Though it occurred just after the end of the year recorded in this report, we must express our sorrow at the loss of Councillor Michael Williams, who for forty years, from the opening of the Machynlleth branch of the CAB, th rough the change to independence, represented both Powys County Council and Machynlleth Town Council on our board of trustees. His passing brings the end of an era. WJ Mccann, Chair Bro Ddyfi Advice Cenlre (Operaling as Advicc Mid Wales) Regisleitd Cliai'ily No. 1111040 Coiiipaiiy Liniited by Giiarantcc No. 5454713 Advice Mid Wales is an Aliei'iiative OfFice to tlie DWP'S Peiisioii S¢rvic¢.

Mid Wales Canolbarth Cymru Free Help and Information. Impartial. Confidential The Care Ceiitre Foi'ge Road Machynlleth SY20 8EQ advice Tel: [phone] [e-mail] www.advicemidwales.oi'g.uk I am very pleased to pi'esent my tliii'd GeneL'al Manager's repoit since taking up the role in late 2022. The past few yeai's have bi'ought significant challenges, not only to our local community in Mid-wales but on a global scale. The advice sector, in paiticular, has had to adapt to macro-economic shifts, such as the global cost-of-living ci'isis. l am incredibly pioud of how the team at Advice Mid Wales has come together to continue delivei'ing targeted SiiPPOLt at the heal't of oui. community. Oui. ability to I'espond to and reflect tlie specific needs of those we sei've i'einaiiis one of AMW'S col'e sti'engths. This adaptability was the di'iving force behind oui. decision to become fully independent 20 years ago in 2003, and it continues to guide us today. We al'e also pleased to note the continued pi'esence of Brecon Advice Centi'e, who also made the decision to biealc away from Pomys CAB at a time when i'estructuring thi'eatened both oui. centres with closiii'e. The yeai. ending 31, of May 2024 saw oui. single lai'gest inci'ease in annual case numbei's since our digital recoi'ds began, with a final end of year figui'e of 2,084. This repi'esents a inonumental inci'ease in demand foi. oui. services of 60 % and bi'ings lis firmly back in-line with pt'e-pandeinic levels of engagement. Although this figure is soinething foi- us all to be exceptionally proud of, it does also give us much pause-foi'_thought. In addition to this, our debt outcomes alone have L'isen by an astronomical 397%, and at times we have been ti'uly sti'etched to the limit in Iceeping up with demand foi. oui. regulated debt advice seivices, under the watchful and skilled supeivision of oui. Specialist Debt Casewoikei. Sai'a Jakhu. l am pleased to I'eport that we have souglit to meet this challenge head-on, and were successful in obtaining funding thi'ough the National Lottery Awai'ds foi. All scheme to bl'ing Judy Van Dylc on boai'd as a part-time Trainee Debt Advisei. alongside hei. genei'al advising. I'm suie Judy will not mind me mentioning that slie scoi'ed almost top mai'ks across the boaL'd in hei. ti'aining with Community Moiiey Advice. In challeiiging times like these, we deeply value the suppoit of oui. trusted pai'tneL'S both within the cominunity and beyond. Our continued paitnei'ship with the Bro Ddyfi Foodbanlc has flourished, aiid as repot'ted by Clive Thoinas at oui. last AGM, we al'e now i'esponsible for distributing over 60 % of the local crisis food suppoit. Additionally, oui. ability to provide emergeiicy fuel assistance thi'oiigh the Fuel Banlc Foundatioii has pi'oven invalu<ible, enabling us to offei. wi'ap-ai'ouiid suppoi't to those in oui. commuiiity Inost sevei'ely impacted by the cost-of-living crisis. The yeai. ending May 2024 also saw our fii'st full year with funding from TNLCF People & Places, which was absolutely pivotal in enabling us to maintain capacity in line with deinand, not least witli the additioii of Isabelle Cloves as out. new Admin Assistant. I hope it goes without saying that we simply coiild not function without the dedication and commitment of oui. invaluable volunleei's. l ain constantly ainazed at the knowledge, expei'tise and compassion they bl'ing to theii. I'oles, often undei. gi'eat pi'essiii'e. A voliinteer role with AMW is lilce no othei., and I sincei'ely hope they Icnow liow gi'eatly valued and appt'eciated they al'e. I would of course like to extend my tliaiiks and gratitude to oui. boai'd of Trustees, Inany of whom ale IEgLilai' volunteei. advisei's tliemselves. Bro Ddyfi Advicc Centre {Operaling as Advice Mid Wales) Registeicd Charity No. 1111040 Con)pany Limited by Guar2c ntee No. 5454713 Advice Mid wale￿ is an Altei'i)ative OITice to Il)e DWP'S Pension Service.

In March 2024, we wei'e notified of the successful outcome of a fuiiding application to the WCVA, aimed at developing volunteei. engagement and recruitment in and ai'ound Aberystwytli. This initiative is desigiied to help us address the significant increase in demand within Ceredigion, following tlie reduction of face-to-face advice services offei'ed elsewhere. I look forwai'd to pi'ovidiiig a full update on this in next yeai s repoit. In addition to the significant increase in demand to the soiith, we have also seeii growth in Gwynedd, largely due to continued and inci"eased investment fi'oin GI￿nedd County Council. Our relationship with Gwynedd continues to sti'engthen, and we are deeply gi'ateful foi. tlieii. i'ecognition of the value of oui. woi'k within the county, pai'ticulai'ly at Tywyn Libiai'y, whei'e oui. Chaii., Bill Mccann, plays a key i'ole, l am pleased to repoit that Gwynedd has confirmed additional suppoi't foi. us thi'oligh the UKSPF, and we look forwai'd to fuithei developing oui. woilc in the l'egion. Although the year ending 31s1 of May 2024 may have been oiii. most successful funding yeai. to date, with I'eported incoine of £89,11 1.00, the ieality of the situation is that we al'e going to iieed to invest even mol'e in our sei'vices if we are to maintain moinentum goiiig forwaid. At the time of wilting I can I'epoi't that the inciease in case numbers shows no signs of abatement, so the bar is set higli foi. 2024125 in terins of I'equired funding. Once again, my thanks and gi'atitude goes to all of our wondei'ful volunteers, staff and Ti'ustees, as well as oui inciedibly generous funders. I loolc forward to repoi'ting baclc on the 2024125 financial year in due coui'se. 2025 will inarlc anothei. milestone yeai foi. us, as we reach oui. 20 anniversai'y of becoming a fully independent i-egistei'ed charity. In the meantiine, please fInd some bi'ief impact statistics below covering the peiiod of June the 1" 2023 to 31 St of May 2024. Recorded cases and enquiries: 2,084 Debt outcomes: £280,036.26 Overall financial outcomes: £796,552.58 Volunteei houi's.. 2,500+ Michael Denton, General Manager. BID Ddyfi Advice Centre (Operatliig as Advicc Mid Wale.%) Regi.%tered CliaTlty No. 1111040 Coinpany Lin)iled by Guarantee No. 5454713 Advice Mid Wales is an Alternalive O￿l¢e lo Ilie DWP'S l)ension Service.

COMPANY REGISTRATION NUMBER: 05454713 CHARITY REGISTRATIOI4 NUMBER: 1111040 Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Unaudited Financial Statements 31 May 2024 EV Chartered Certified Accountants Bull House 15 Penrallt Street Machynlleth Powys SY20 8AG

Canolfan Cynghori Bro Ddyfi Adviee Centre Company Limited by Guarantee Financial Statements Year ended 31 May 2024 P2ge Trustees, amiual report (incorporating the directof s r￿Ort} Independent examinePs report to the trustees Statement of fmancial activities (in¢luding income and expenditure account) Statement of fmancial position Notes to th¢ financial statements 11 The following pages do not form part of the fiDancial statements Detailed statement of fmancial activities 20 Notes to the detailed statement of financial activities 21

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 May 2024 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 May 2024. Reference alld administrative details Registered cbarity name Canolfan Cynghori Bro Ddyfi Advice Centre Charity registration number 1111040 Company registration number 05454713 Principal office aud registered The Care Centre office Forge Road Machynlleth Powys SY20 8EQ The trustees W J Mccann - Chair H L V Quincey - Vice Chair C W Strack - Treasurer C Penfold - Elected Member K M Price - Elected M¢mber J M Williams - Elected Member E M Hews - Co-opted Member (Retired 15 November 2023) C Wacher - Elected Member (Appointed 28 February 2024)

Canolfan Cyngbori Bro Ddyfi Advice Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorls Report) (continuea) Year ended 31 May 2024 Independent examiner R. W. Evalls BScEcoD(Hons), FCCA Bull House 15 Penrallt Street Machynlleth Powys SY20 8AG Structure9 governance and management Structsre Canolfan Cynghori Bro Ddyfi Advice Centre is a registered company limitsd by guarantee under number 5454713 on 17th May 2005 and obtained charitable status under number 1111040. It is governed by a Memorandum & Articles of Association dated 1st April 2005. Governance The Charity believes that it is important to have the requisite range of skills and experience represented on the Board of Trustees and it is reflected in the current membership. Management The Board meet quarterly and at an Annual G¢neral Meeting. At each Board Meeting it is updated with the Charities activities. reviews governance, policies and procedures. makes decisions such as authorising funding proposals and discusses current progress and future needs. Operations The Charity's daily operations are controlled by a General Manager appointed by the Board. Risk management The Trustees havc a risk management policy involving an annual review of the major risks to which the Charity is exposed and approving systems and actions for managing and mitigating them. The Charity has always operated at a significant risk of failing to achieve adequate income to meet its commitments and pursue its objectives. None of its income sources are secure. The risk is continually monitored by the Trustees and Stsff and internal controls on expenditur¢ and commitment ensure proper use of of resources. Insurance cover is in place where appropriate. FillanciaI control The Board monitors all aspects of financial perforn]ance and management and sets budgets for what it aims to achieve as well as what it is able to achieve at any time.

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (corylinued) Year ended 31 May 2024 Structures governance and management (¢OMtlnuet Staffing AMW is currently staffed by th¢ General Manager. one part-time paid specialist adviser and one part- time admin assistant along with ten core volunteers. Day to day responsibility for all staff whether paid or unpaid is delegated to the General Manager. The Trustees are aware of th¢ ethos among staff that payment for a service is not a right nor a foregone conclusion, and that, th¢ service thus provided, is not secure. The staff in their turn recognise that where they are able they will assist as as necessary in raising the required funding to enable the Centre to continue. It is th¢ intention and aim of both the Trustees and Staff to run the Charity on Cooperative lines to ensure that clients ¢aD continue to receiv¢ a vital service. Objectives and activities The full name of the Charity is Canolfan Cynghori Bro Ddyfi Advice Centre and its aims are: To provide free, confidential. impartial and independent advAce, infomiation and support to anyone requesting it regardless of any characteristic or attribute such as ag¢, disability. gender reassignmenL marriage or civil partnership, pregnancy or maternity, race (which includes colour, nationality, alld ethnic or national origins), sffj sexual orientation, religion or other belief which may differentiate one person from another. Unless, that belief is in confiict with the over-riding principle of of equality, and to challenge any instance of discrimination of which it becomes aware. To ensure that individuals do not suffer as a result of their lack of knowledge of their rights and responsibilities or the services available to them or through an inability to express their needs effectively. To seek to exercise a responsible influence on the development of social policies and serviccs based on the experiences of our clients. AMW seeks to achiev¢ its aims by the provision of an advice centre at which advice may be sought and given as well as by providing outreach services and home or hospitak visiting. The only limitations to the service are financial and physical resources, the skills and knowledgc of the advisors and defined area of benefit as set out in the Charity's governing document. The Charity continues to achieve its aims and demonstrate thaL through its work it is not only individuals who benefit but the whole community as this work generates a very significant input to the local economy. Volunteers The work is supported by our Core team of volunteer advisors, but funding is sought to continue and extend that work via specialist paid posts. The Charity recognises that it has an opportunity to provide training and development to members of the community who volunteer their services. This assists them to learn new skills. improve existing skills and improve self-confidence and self-esteem as well as to obtain work if they are uncmployed and this. in turn ￿rther supports the community which the Charity serves.

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Trustees, Annual Report ￿nCorpOratIng the Director's Report) (cohllAued) Year ended 31 May 2024 Strategic report The following sections for achievements and perfonnance and fmancial review fonn the strategic report of the charity. Achievements and performance The Trustees are of the opinion that a great deal of public benefit has been achieved as a result of the services provided by the Charity. This assertion is supported by the recorded number of measureable successes achieved. both in benefits to clients which have been s¢cured and debts dealt with. Financial review The financial statements, including the notes, have been prepared in compliance with the Statement of Recognised Practice. "Accounting and Reporting by Charities., The analysis of income and costs reflects the classification of activities, together with costs of administration. Statement of trustee's responsibilities The Trustee's (who are also directors of Canolfan Cynghori Bro Ddyfi Advice Centre for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom generally accepted accounting practice. Company law requires the Trnstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable cornpany and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements the Trustees are rcquired to: Select suitable accounting policies and thcn apply them consistently. Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable UK a¢counting standards have been followed, subject to any material departures disclosed and explained in the fmancial statements. and Prepare the financial statcments on the going concern basis. unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the fmancial statements comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limxted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conrfiAtsed) Year ended 31 May 2024 The trustees, annual report and the strategic report were approved on 27 February 2025 and signed on behalf of th¢ board of trustees by: C W Strack - Treasurer Trustee

Canolfan Cyngbori Bro Ddyfi Advice Centre Company Limited by Guarantee Independent Examiner's Report to the Trustees of Cano]fan Cynghori Bro Ddyfi Advice Centre Year ended 31 May 2024 I report to the trustees on my examination of the fmancial statements of Canolfan Cynghori Bro Ddyfi Advice Centre ('the charity,) for the year ended 31 May 2024. Responsibilities and basis of report As the trnstees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the fmancial statements in a¢¢ordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of the company ar¢ not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my exaJnination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confm that no matters have come to my attention in connectAon with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or thc financial ststements do not accord with those records; or the financial stat¢ments do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and faiv view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charitl¢S Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Independent Examiner's Report to the Trustees of Canolfan Cynghori Bro Ddyfi Advice Centre (Continued) Year ended 31 May 2024 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be Teached. IL W. EvaDS BScEcon(HoDS), FCCA Independent Examiner Bull House 15 Penrallt Street Machynlleth PoThys SY20 8AG

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Statement of Financial Aetivities (including income and expenditure account) Year ended 31 May 2024 2024 Unrestricted Restricted funds funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Charitsble activities 10,475 10,475 78,636 89,111 37,990 36,591 74,581 78,636 78,636 Total incoD)e 10.475 ExpeDditllre Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable activities Total expenditure 2,261 31,583 33.844 1,021 48,267 49,288 3282 79,850 83,132 2,202 57,324 59.526 Net income and net movement in funds (23,369) 29,348 5,979 15,055 Reconciliation of funds Total funds brought forward as previously reported Prior year adjustment Total funds brought forward as restated Total funds carried forward 51,603 21,594 73,197 58.142 51,603 28,234 21.594 50,942 73,197 79,176 58,142 73,197 The ststement of financial activities includes all gaiDS and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 18 forni part of these financial statements.

Canolf2D Cyngbori Bro Ddyfi Advice Centre Company Limited by Guarantee Statement of FiDaDcial Position 31 May 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 14 80,977 80,978 74.196 74,197 Creditors: amounts falling due within one year Other creditors including taxation and social security 15 Net Current assets 80.976 80,976 74.197 74,197 Total assets less eurrent liabilities Aceruals and deferred income 1,800 79,176 1,000 73.197 Net assets Funds of the cbarity Restricted funds Unrestricted funds 50,942 28234 79,176 21,594 51.603 73,197 Total cbarity funds 17 For the year cnding 31 May 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its fjnancial statements for the year in questioTr in accordanc¢ with section 476" The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of fjnancial statements. These financial statements havc been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of fjnancial position continues on the following page. Tbe notes on pages I I to 18 form part of these financial statements.

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Statement of Financial Position (¢onlinued) 31 May 2024 These fman¢ial statements were approved by the board of trustees and authorised for issue on 27 February 2025, and are signed on behalf of the board by: W J Mccann - Trustee The notes on pages 11 to 18 form part of tbese fJnan¢ial statements. 10-

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to the Finaneial Statements Year ended 31 May 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. Th¢ addr¢ss of the registered office is The Care Centre, Forg¢ Road. Machynlleth, Powys, SY20 8EQ. Statement of compllance These fmancial statements have b¢¢n prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recon]mended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. AccountiDg policies Basis of preparation The financial statements have be¢n prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststements are prepared in sterling. which is the functional currency of the entity. Going Concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires manag¢ment to make judgements, estimates and assumptions that affect th¢ amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expeGtations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted fvnds are available for use at the discretion of the trust¢¢s to further any of the charity's purposes. Designated funds are unrestricted funds earn]ark¢d by the trustees for particular future project or commitment. Restrkcted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of an appeal, and fall into onc of two sub-classes: restrict¢d income funds or endowment funds. 11-

Canolfan Cynghori Bro Ddyfj Advice Centre Company Limited by GuaraDtee Notes to the Financial Statements fconlinued) Year ended 31 May 2024 Aecounting policies (conrinuedj Incoming resources All incoming resources are included in the statement of fmancial activities when entitlement has passed to the charity" it is probable that the economic benefits associated with the transa¢tion will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gill receipt is probabl¢ and its amount can be measured Teliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the valu¢ is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recO￿lsed in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognÉsed with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirem¢nt for it to be spent on a particular pU￿OSe and returned if unspent. in which case it may be regarded as restricted. Resources expended Expendikne is recognised on an accruals basis as a liability is incurr¢d. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on rdising funds incIudes the costs of all fundraising activities. events. non- charitable trading activities. and the sale of donated goods. expenditure on charitablc activities includes all costs incurred by a charity in undertaking activities that furtb¢r its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Dircct costs attributable to a singl¢ activity are allocated directly to that activity. Shared costs are apportioned between th¢ activities they contribute to on a reasonable. justifiable and consistent basis. 12-

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to the Finaneial Statements (continued) Year ended 31 May 2024 Accounting po]icies (Ctsnllnued) Financial instruments A financial asset or a financial liability is recognised only when th¢ charity becomes a paty to th¢ contractual provisions of the instrument. Basic fman¢ial instruments are initially recognised at the amount receivable or payabIe including any related transaction costs. Current &ssets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instnllnents are subsequently measured at amortis¢d cost. Wh¢re investments in shares are publicly traded or their fair value ¢an otherwise be measured reliably, the invc51m¢nt is subsequently measured at fair value with changes in fair value Tecognised in income and expenditure. All other such investments are subsequently measured at cost less impairn]ent. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond norn]al business tenns or financed at a rate of int¢rest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrillnent. Other financial instruments are subsequently measured at fair value, with any ehanges recognised in the statement of financial activities, with the ex¢¢ption of h¢dging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidenc¢ of impaimient at the end of ¢ach reporting date. If there is objectivc evidence of impairnient. an impairnient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other fjnancial assets that are individually significant. these are assessed individually for impairnient. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairn]ent not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the relatcd service is provided. Prepaid contributions are rccognised as an asset to the extent that the prepayment will lead to a reduction in future payments OT a cash refund. 13-

Callolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to the Finaneial Statements (conftnued) Year ended 31 May 2024 Accounting policies (conftnued) Defined contribution plans (continued) When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service. the liability is measured on a discounted pr¢s¢nt valu¢ b&8is. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee Canolfan Cynghori Bro Ddyfi Advic¢ Centre is a Company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations and Grants 10,475 10,475 37,990 37,990 Charitable activities Restricted Total Funds Funds 2024 Restricted Total Funds Funds 2023 Restricted Funding 78.636 78,636 36,591 36,591 Costs of raising donations and legacies Unrestricted Restricted Total Funds Funds Funds 2024 Costs of Raising Donations and Legacies 2,261 1,021 3282 UnrestriGted Funds Restricted Total Funds Funds 2023 Costs of Raising Donations and Legacies 1,226 976 2,202 14-

Canolfall Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to the Fillallcial Statements (Continued) Year ended 31 May 2024 Expenditure on charitable activities by fund type Unrestricted Restricted Totsl Funds Funds Funds 2024 Charitsble activities Support costs 7,201 24.382 31,583 39.110 9,157 48,267 46Jll 33,539 79,850 Unrestricted Restricted Total Funds Funds Funds 2023 Charitable activities Support costs 11,323 11,304 22,627 25,905 8,792 34,697 37.228 20.096 57,324 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total ￿nd 2023 Charitable activities Governance costs 46,311 30,031 3,508 33,539 76J42 3,508 79,850 56,311 1,013 57.324 46,311 10. Analysis of support costs Charitable activities Total 2024 Total 2023 Stsff costs Prcmises Communications and IT General office Finance costs Governance Costs Repairs and maintenance Motor expenses 25,607 2,067 1,222 835 62 25,607 2,067 1222 835 62 14,989 1,993 1,242 677 62 1.013 108 12 238 238 30,031 30,031 20,096 15-

Canolfan Cyngbori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to the Financial Statements (ci•nliMued) Year ended 31 May 2024 11. Independent examinatioD fees 2024 2023 Fees payable to the independejjt examiner for: Jndependent examination of the fuiancial statements 1,800 1,000 12. Staff costs The totsl staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 55,547 1,641 42.403 1,245 43.648 57,188 The average h¢ad count of employees during the year was 3 (2023: 2). The average number of full-time equivalent employees during the year is analys¢d as follows: 2024 2023 Number of employees No employee received employee benefits of more than £60,000 during the year (2023: Nil). 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a rejated entity were receiv¢d by th¢ trustees. 14. Debtors 2024 2023 Other debtors 15. Other creditors including tsxation and Social security falling due within one year 2024 2023 Other creditors 16-

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to the Financial Statements (conlinAedJ Year ended 31 May 2024 16. Pensions and other post retirement benefits DefiDed contribution plans The amount recognised in income or expenditure as an expense in relation to defined ontribution plans was £1,641 (2023: £1.245). 17. Analysis of charitable funds Unrestricted funds At l June 2023 Prior year At Income Expenditure adjustments 31 May 2024 Unrestricted fund 51,603 10,475 (33,844) 28234 At l June 2022 Prior year At Income Expenditur¢ adjustments 31 May 2023 Unrestricted fund 40.829 37.990 (23.853) (3,363) 51.603 Restricted funds At l June 2023 Prior year At Income Expenditur¢ adjustments 31 May 2024 Tudor Trust Th¢ Postcode Neighbourhood Trust Waterloo Foundation Arnold Clark National Lottery Garfield Weston The Prince of Wales Allan Lane Foundation Gwynedd County Council CAVO Communities Foundation MoonDanc¢ WCVA 7,500 324 3.577 (4,475) 3,025 324 18,566 37.220 (22.231) 2,504 4,000 2,504 6,000 2,000 3,689 6,048 8,453 (9,737) (6.224) 2229 4,914 9,483 10,518 78,636 (3,799) 1,115 9,483 7,696 50,942 (2,822) (49,288) 21.594 17-

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to tbe Financial Statements (con￿￿￿ed) Year ended 31 May 2024 17. Analysis of charitable funds fconlinued) At l June 2022 Prior year At Income Expenditure adjustmellts 31 May 2023 Tudor Trust The Post¢ode Neighbourhood Trust Waterloo Foundation Arnold Clark National Lottery Garfield W¢ston The Prince of Wales Allan Lan¢ Foundation Gwynedd County Council CAVO Communities Foundation MoonDance 7,855 (7,855) 2,691 6,767 (2,691) (9,806) 7,500 3,039 324 7,500 324 3,577 5.491 5,000 2.504 4,000 (1.914) (5,000) 2.504 4,000 12,096 (8,407) 3,689 WCVA 17,313 36,591 (35,673) 3,363 21,594 18. Analysis of net assets between funds Unrestricted Restricted Total Funds Funds Funds 2024 Current assets 28,233 50.943 79,176 Unrestricted Funds Restricted Total Funds Funds 2023 cll￿ent assets 51,602 21,595 73.197 18-

Canolfan Cyngbori Bro Ddyfi Advice Centre Company Limited by Guarantee Management InformatioD Year ended 31 May 2024 The folloiving pages do not form part of the financial statements. 19-

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 May 2024 2024 2023 Income and endowments Donations and legacies Donations and Grants 10,475 37,990 Charitable activities Restricted Funding 78,636 36,591 Total income 89,111 74,581 Expenditure Costs of raisillg donations and legacies Wages and salarles Pension costs Rent Rates and water Light and heat Telephone Other office costs 2,762 1,619 46 220 216 29 95 91 21 113 181 3282 2,202 Expenditure on charitable activities Wages and salaries Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other motorltravel costs Legal and professional f¢es Tel¢phone Other office costs Other interest payable and similar charges 52,785 1,558 4,113 109 557 238 701 4J98 2,874 1,797 10,720 40,784 1,199 4,183 36 407 108 683 1,306 1,013 2.142 5,401 62 79,850 57,324 Total expenditure 83,132 59,526 Net income 5,979 15,055 -20-

Canolfan Cynghori Bro Ddyfi Advice Centre Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 May 2024 2024 2023 Costs of raising donations and legacies Costs of Raising Donations and Legacies Wages and salaries Pension costs Rent Rates and water Light and heat Telephone Other office costs 2,762 83 216 1,619 46 220 29 95 91 21 113 181 3282 2,202 Costs of raisRng donations ajjd legacies 3282 2.202 21-

Canolfan Cynghori Bro Ddyfj Advice Centre Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (Cohtinued) Year ended 31 May 2024 2024 2023 Expenditure on charitable activities Charitable activities Activi¢igs undertaken directly Wages and salaries Pension costs Rent Rates and water Light and heat Insurance Motor and travel costs Telephone Other offic¢ costs 27,924 812 2,598 69 3S2 26,208 786 2.642 23 257 394 1,294 1,353 4,271 37.228 4,398 1,135 9,023 46Jll Support cosls Wages and salaries Pension costs Rent Rates and water Light and heat Repairs and maintenan¢¢ Insurance Motor and travel costs Telephone Other office costs Bank charges 24,861 746 1,515 40 205 238 307 14,576 413 1,541 13 150 ios 289 12 789 1,130 62 662 1,457 30,031 19,083 Governance costs Governance costs - insurance Accountancy fees Legal and other professional fees Governance costs - other office Costs 394 2,840 34 240 1.000 13 3,508 1,013 Expenditure on charitable activities 79,850 57.324 -22-