advice
Mid Wales
Canolbarth
Cymru
Free Help and Information. Impartial. Confidential
The Cal'e Centi'e
Forge Road
Machynlleth
SY20 8EQ
Tel: 01654 700 192
enquii.ies@advicemidwales.oi.g.uk
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: 01654 700 192
enquiries@adviceinidwales.org.uk
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: 01654 700 192
enquiries@advicemidwales.oi.g.uk
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-