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|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||
##
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##
##
|||||||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|
##
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##
##
|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|
##
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##
##
##
##
##
|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|
##
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