| Trustees | |||
|---|---|---|---|
| Name | Position | Appointed | Resigned |
| J Killick | Chair from May 2018 until 20 | ||
| Oct 2022 | 22/06/1 7 | ||
| P Davy | Chair from 20 Oct 2022 | 16/03/1 7 | |
| D Jones OBE | Vice Chair | 11/11/15 | |
| D Henson | Treasurer | 13/06/1 2 | |
| P Hindley | Trustee | 12/09/16 | |
| CJones | Trustee | 18/02/21 | |
| L Forman | Trustee | 14/09/21 | |
| J Bourne | Trustee | 30/05/23 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | F | F | F | ||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
106,158 | 106,158 | 78,930 | ||||
| Charitable activities |
|||||||
| Provision ofadvice | 117,931 | 1,301,888 | 1,419,819 | 1,305,115 | |||
| Investment income |
631 | 631 | 16 | ||||
| Otherincome | 34,377 | 34,377 | 11,807 | ||||
| Total | 259,097 | 1,301,888 | 1,560,985 | 1,395,868 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Provision ofadvice | 271,243 | 1,202,052 | 1,473,295 | 1,321,563 | |||
| NET INCOME/(EXPENDITURE) | (12,146) | 99,836 | 87,690 | 74,305 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 341,332 | 160,370 | 501,702 | 427,397 | ||
| TOTAL FUNDS CARRIED FORWARD | 329,186 | 260,206 | 669,392 | 501,702 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Notes | funds f |
funds E |
funds | fundsf | |
| FIXEDASSETS | |||||
| Tangible assets | 14 | 49,503 | 49,503 | 61,867 | |
| CURRENT ASSETS | |||||
| Debtors | 15 | 53,288 | 8,298 | 61,586 | 13,440 |
| Cash at bank | 284,601 | 420,975 | 705,576 | 483,801 | |
| 337,889 | 429,273 | 767,162 | 497,241 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (58,206) | (169,067) | (227,273) | (57,406) |
| NET CURRENT ASSETS | 279,683 | 260,206 | 539,889 | 439,835 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 329,186 | 260,206 | 589,392 | 501,702 | |
| NET ASSETS | 329,186 | 260,206 | 589,392 | 501,702 | |
| FUNDS | 18 | ||||
| Unrestricted funds |
329,186 | 341,332 | |||
| Restricted funds | 260,206 | 160,370 | |||
| TOTAL FUNDS | 589,392 | 501,702 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | f | |||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
231,084 | 210,581 | ||||
| Net cash provided by operating activities |
231,084 | 210,581 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed assets |
(9,940) | (10,181) | ||||
| Interest received | 631 | 16 | ||||
| Net cash used in investing |
activities | ~9,309) | ~19.165) | |||
| Change in cash and cash |
equivalents | in | ||||
| the reporting period |
221,775 | 200,416 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 483,801 | 283,385 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
705,576 | 483,801 |
| RECONCILI | ATION | OF NE | T IN | CONIE TO NET CASH FLOW FROM OPERATIN | G ACTIVITIES | |
|---|---|---|---|---|---|---|
| 2023f | 2022f | |||||
| Net income | for the | reporting | period (as per the Statement of Financial | |||
| Activities) | 87,690 | 74,305 | ||||
| Adjustments | for: | |||||
| Depreciation | charges | 22,304 | 20,117 | |||
| Interest received | (631) | (16) | ||||
| (Increase)/decrease | in debtors | (48,146) | 141,093 | |||
| Increase/(decrease) | in creditors | 169,867 | ~24,915 | |||
| Net cash provided | by operations | 231,084 | 210,581 | |||
| ANALYSIS OF CHANGES | IN NET FUNDS | |||||
| At 1/4/22 | Cash flow | At 31/3/23 | ||||
| f | ||||||
| Net cash | ||||||
| Cash at bank | 483,801 | 221,775 | 705,576 | |||
| 483,801 | 221,775 | 705,576 | ||||
| Total | 483,801 | 221,775 | 705,576 |
| DONATIONS | AND LEGACIE | S | |||
|---|---|---|---|---|---|
| 2023 f. |
2022f | ||||
| Donations | 28 | 24 | |||
| Torfaen County Borough Council - core | funding | 70,630 | 69,438 | ||
| Cwmbran Community Council |
14,500 | 4,500 | |||
| Pontypool Community Council |
3,000 | 3,000 | |||
| Henllys Community Council |
500 | 500 | |||
| Croesyceiliog | and Llanyrafon | Community | Council | 1,000 | |
| Good Things | Foundation | 468 | |||
| Torfaen Voluntary Alliance |
17,500 | ||||
| 106,158 | 78,930 | ||||
| INVESTMENT | INCOME | ||||
| 2023 | 2022 | ||||
| E | |||||
| Bank interest | receivable | 631 | 16 |
| DIRECT COSTS OF | CHARITABLE ACTIVITIES - cont | inued | |
|---|---|---|---|
| 2023 f |
2022f | ||
| Brought forward | 1,323,507 | 1,185,858 | |
| Sundry expenses | 5,554 | 2,157 | |
| Legal and professional | fees | 322 | 598 |
| Postage and carriage | 7,711 | 6,128 | |
| Project management | fee | 15,942 | 7,849 |
| Depreciation | 21,554 | 19,407 | |
| 1,374,590 | 1,221,997 | ||
| GRANTS PAYABLE | |||
| 2023 | 2022 | ||
| Provision ofadvice | 45,805 | 50,000 |
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Staff | Other | Governance | |||
| costs f |
Depreciation f |
costs f |
costs F |
Totals | |
| Provision ofadvice | 42,705 | 750 | 4,297 | 5,148 | 52,900 |
| NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | ||||
| 2023 | 2022 | ||||
| F | |||||
| Auditors' remuneration |
5,148 | 4,680 | |||
| Depreciation -owned assets |
22,304 | 20,117 | |||
| Lease payments recognised as an expense |
19,924 | 20,157 |
| STAFF COSTS | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 E |
2022f | ||||||||||
| Wages and salaries | 1,126,080 | 1,011,422 | |||||||||
| Social security costs | 91,386 | 76,230 | |||||||||
| Other pension costs | 53,027 | 49,716 | |||||||||
| 1,270,493 | 1,137,368 | ||||||||||
| The average monthly |
number ofemployees | during | the year was | as follows: | |||||||
| 2023 | 2022 | ||||||||||
| 55 | 50 | ||||||||||
| No employees received emoluments |
in excess | off60,000. | |||||||||
| The average number |
offull-time | and | part-time | staff were as follows: | |||||||
| 2023 | 2022 | ||||||||||
| Average number offull time staff |
53 | 42 | |||||||||
| Average number ofpart time staff |
12 | 8 | |||||||||
| Equivalent number of |
full | time staff | 59 | 46 | |||||||
| The total key management | personnel | remuneration | benefits during the year | was F59,210(2022: | F53,331). | ||||||
| No termination payments |
were | made | during | the year (2022:F18,000 made | to 1 employee). | ||||||
| COMPARATIVES FOR THE STATEMENT | OF | FINANCIAL ACTIVITIES —YEAR ENDED 31 MARCH 2022 | |||||||||
| Unrestricted | Restricted | Total | |||||||||
| funds | funds | funds | |||||||||
| F | F | E | |||||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||||
| Donations and legacies |
78,930 | 78,930 | |||||||||
| Charitable activities |
|||||||||||
| Provision ofadvice | 215,140 | 1,089,975 | 1,305,115 | ||||||||
| Investment income |
16 | 16 | |||||||||
| Other income | 11,807 | 11,807 | |||||||||
| Total | 305563 | 1,089,975 | 1,395,868 | ||||||||
| EXPENDITURE ON | |||||||||||
| Charitable activities |
|||||||||||
| Provision ofadvice | 230,668 | 1,090,895 | 1,321,563 | ||||||||
| NET INCOME/(EXPENDITURE) Transfers between funds |
75,225 ~43,450) |
(920) 43,450 |
74,305 | ||||||||
| Net movement in funds |
31,775 | 42,530 | 74,305 |
| 13. | COMPARATIVES FOR | COMPARATIVES FOR | THE STATEMENT OF FINANCIAL | ACTIVITIES - continued | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| F | ||||||
| RECONCILIATION | OF | FUNDS | ||||
| Total funds brought | forward | 309,557 | 117,840 | 427,397 | ||
| TOTAL FUNDS CARRIED FORWARD | 341,332 | 160,370 | 501,702 | |||
| 14. | TANGIBLE FIXED | ASSETS | ||||
| Office | ||||||
| improvements | equipment, | |||||
| to | fixtures | |||||
| property | &fittings | Totals | ||||
| E | F | F | ||||
| COST | ||||||
| At 1 April 2022 | 33,598 | 107,297 | 140,895 | |||
| Additions | 9,940 | 9,940 | ||||
| Disposals | ~16,632) | ~16,632) | ||||
| At 31 March 2023 | 33,598 | 100,605 | 134,203 | |||
| DEPRECIATION | ||||||
| At 1 April 2022 | 6,720 | 72,308 | 79,028 | |||
| Charge for year | 6,720 | 15,584 | 22,304 | |||
| Disposals | ~16.632) | ~16,632) | ||||
| At 31 March 2023 | 13,440 | 71,260 | 84,700 | |||
| NET BOOK VALUE | ||||||
| At 31 March 2023 | 20,158 | 29,345 | 49,503 | |||
| At 31 March 2022 | 26,878 | 34,989 | 61,867 | |||
| 15. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||||
| F | ||||||
| Accrued income | 11,703 | 8,313 | ||||
| Other debtors | 40,704 | |||||
| Prepayments | 9,179 | 5,127 | ||||
| 61,586 | 13,440 |
| 2023 f |
2022 F |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other creditors | 20,000 | ||||||||||
| Accruals | and deferred | income | 207,273 | 57,406 | |||||||
| 227,273 | 57,406 | ||||||||||
| Included | within accruals and deferred | income above is the | following | deferred | income: | ||||||
| 2023 | 2022 | ||||||||||
| f. | |||||||||||
| Torfaen | County Borough Council - Drop in Advice | 169,067 | |||||||||
| Torfaen | Voluntary | Alliance | 17,500 | ||||||||
| 189,067 | 17,500 | ||||||||||
| LEASING AGREEMENTS | |||||||||||
| Minimum | lease payments | under non-cancellable | operating | leases fall due as | follows: | ||||||
| 2023 | 2022 | ||||||||||
| F | f | ||||||||||
| Within one year | 12,228 | 12,228 | |||||||||
| Between | one and | five | years | 12,228 | 24,456 | ||||||
| 24,456 | 36,684 |
| MOVEMENT IN FU |
NDS | |||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1/4/22 | in funds | funds | 31/3/23 | |||
| F | F | F | ||||
| Unrestricted funds |
||||||
| General fund |
264,465 | 10,158 | (9,940) | 264,683 | ||
| Designated fund - Employer pension |
||||||
| scheme | 15,000 | 15,000 | ||||
| Designated fund - Fixed asset fund |
61,867 | ~22,304i | 9,940 | 49,503 | ||
| 341,332 | (12,146) | 329,186 | ||||
| Restricted funds | ||||||
| Warmer Wales | 16,736 | (1,621) | 15,115 | |||
| Help to Claim | 6,799 | 6,799 | ||||
| Welsh Government | - Single advice | fund: | ||||
| Specialist | 38,271 | (45) | 38,226 | |||
| Welsh Government | - Single advice | fund: | ||||
| Community focussed |
23,965 | 239 | 24,204 | |||
| Welsh Government | - Regeneration | 2020 | 788 | 788 | ||
| ABUHB - Welfare Rights Service | 15,656 | 4,078 | 19,734 | |||
| Newport CAB - Test |
and Learn | 30,126 | 30,126 | |||
| Torfaen Council - New Start | 558 | (558) | ||||
| DWP - Claim What's | Yours | 27,471 | (27,471) | |||
| Torfaen Council - Drop in Advice | 77,633 | 77,633 | ||||
| Basic Income Pilot | 26,472 | 26,472 | ||||
| The Cwmbran Trust |
6,109 | 6,109 | ||||
| Citizens Advice - Cost of Living | 15,000 | 15,000 | ||||
| 160,370 | 99,836 | 260,206 | ||||
| TOTAL FUNDS | 501,702 | 87,690 | 589,392 |
| Net movement in fu |
nds, included in the above are as |
follows: | ||
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| F | F | |||
| Unrestricted funds |
||||
| General fund Designated fund - Fixed asset fund |
259,097 | (248,939) ~22,304) |
10,158 ~22,304) |
|
| 259,097 | (271,243) | (12,146) | ||
| Restricted funds | ||||
| Torfaen Young People's Support Service | ||||
| (TYPSS)project | 12,550 | (12,550) | ||
| Citizens Advice consumer service | 437,126 | (437,126) | ||
| Warmer Wales | 34,900 | (36,521) | (1,621) | |
| Welsh Government | - Single advice fund: | |||
| Specialist | 144,546 | (144,591) | (45) | |
| Welsh Government | - Single advice fund: | |||
| Community focussed |
116,146 | (115,907) | 239 | |
| Seams | 15,772 | (15,772) | ||
| ABUHB - Welfare Rights Service | 43,560 | (39,482) | 4,078 | |
| Energy Saving Trust | - Ofgem | 7,098 | (7,098) | |
| Torfaen Council - New Start | 40,000 | (40,558) | (558) | |
| DWP - Claim What's | Yours | 216,000 | (243,471) | (27,471) |
| Torfaen Council - Drop in Advice | 169,067 | (91,434) | 77,633 | |
| Basic Income Pilot | 40,123 | (13,651) | 26,472 | |
| The Cwmbran Trust |
10,000 | (3,891) | 6,109 | |
| Citizens Advice - Cost Of Living | 15,000 | 15,000 | ||
| 1,301,888 | 1,202,052 | 99,836 | ||
| TOTAL FUNDS | 1,560,965 | ~1,473,295) | 87,690 |
| Net | Transfers | |||||||
|---|---|---|---|---|---|---|---|---|
| movement | between | At | ||||||
| At 1/4/21 | in funds | funds | 31/3/22 | |||||
| F | F | E | E | |||||
| Unrestricted funds |
||||||||
| General fund |
222,754 | 95,342 | (53,631) | 264,465 | ||||
| Designated fund - Employer |
pension | |||||||
| scheme | 15,000 | 15,000 | ||||||
| Designated fund - Fixed asset fund |
71,803 | ~20,117) | 10,181 | 61,867 | ||||
| 309,557 | 75,225 | (43,450) | 341,332 | |||||
| Restricted funds | ||||||||
| Torfaen Young People's Support Service | ||||||||
| (TYPSS)project | (3,442) | 3,442 | ||||||
| Citizens Advice consumer | service | 7,658 | (40,805) | 33,147 | ||||
| Warmer Wales | 14,803 | 1,933 | 16,736 | |||||
| Help to Claim | 5,333 | 1,466 | 6,799 | |||||
| Welsh Government | - Single advice | fund: | ||||||
| Specialist | 35,803 | 2,468 | 38,271 | |||||
| Welsh Government | - Single advice | fund: | ||||||
| Community focussed |
10,294 | 13,671 | 23,965 | |||||
| Seams | 34 | (2,121) | 2,087 | |||||
| Welsh Government | - Regeneration | 2020 | 788 | 788 | ||||
| ABUHB - Welfare Rights Service | 5,420 | 10,236 | 15,656 | |||||
| Newport CAB - Test |
and Leam | 18,169 | 11,957 | 30,126 | ||||
| DWP - Resource Management | 721 | (3,063) | 2,342 | |||||
| Community Foundation Wales |
15,000 | (15,000) | ||||||
| HMPT phone and chat | (4,295) | (671) | 4,966 | |||||
| WCVA - Volunteer project |
8,112 | (20,578) | 12,466 | |||||
| Torfaen Council - New Start | 558 | 558 | ||||||
| DWP - Claim What's | Yours | 27,471 | 27,471 | |||||
| 117,840 | ~920 | 43,450 | 160,370 | |||||
| TOTAL FUNDS | 427,397 | 74,305 | 501,702 |