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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report ofthe Trustees|2|to|9|
|Independent<br>Examiner's<br>Report||10||
|Statement ofFinancial<br>Activities||||
|Balance Sheet|12|to|13|
|Cash Flow Statement||14||
|Notes to the Cash Flow Statement||||
|Notes to the Financial Statements|16|to|24|
|Detailed Statement ofFinancial<br>Activities|25|io|26|





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|||for|the Year E|nded 31March|2021|||
|---|---|---|---|---|---|---|---|
|||||||31.3.21|31.3.20|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|f||f|f|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies||||3,121||3,121|9,639|
|Charitable<br>activities||||||||
|Charitable<br>activities||||123,452|398,536|521,988|422,337|
|Invesnnentincome||||3,472||3,472|368|
|Other income||||~7927|250|8 177|~6508|
|Total||||137,972|398,786|536,758|438,852|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Charitable<br>activities||||155,609|395,972|551,581|488,238|
|NET INCOMEt(EXPENDITURE)||||(17,637)|2,814|(14,823)|(49,386)|
|Transfers<br>between<br>funds|||16|~8383|~8383|||
|Net movement<br>in funds||||(26,020)|11,197|(14,823)|(49,386)|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||164,606|6,780|171,386|220,772|
|TOTAL FUNDS CARRIED FORWARD||||~138586|~17 977|156563|171386|





## 

## 

|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|f|f|f|f|
|CURRENT ASSETS||||||
|Debtors|13|5,000|78,010|83,010|12,580|
|Cash at bank and in hand||150324|~50 595|200919|~175880|
|||155,324|128,605|283,929|188,460|
|CREDITORS||||||
|Amounts<br>falling due within one year|14|(16,738)|(110,628)|(127,366)|(17,074)|
|NET CURRENT ASSETS||138586|~17 977|~156563|~171386|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||138,586|17,977|156,563|171,386|
|NET ASSETS||138,586|~17 977|156,563|~171 386|
|FUNDS|16|||||
|Unrestricted<br>funds||||138,586|164,606|
|Restricted<br>funds||||~17977|6,780|
|TOTAL FUNDS||||~156563|~171 386|





## 



## 

||||f|or the Year Ended|31 March 2021||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
|||||Notes|f|f|
|Cash flows from operating|activities||||||
|Cash generated<br>from operations|||||~48 174)|~155760)|
|Net cash used in operating|activities||||~48,174)|~155760)|
|Cash flows from investing|activities||||||
|Interest received|||||~3472|368|
|Net cash provided<br>by investing||activities|||3,472|368|
|Change<br>in cash snd cash equivalents|||In||||
|the reporting<br>period|||||(44,702)|(155,392)|
|Cash and cash equivalents|st|the|||||
|beginning<br>ofthe reporting|period|||2|~174993|~330385|
|Cash and cash equivalents|st|the end|of||||
|the reportiag<br>period|||||~130 291|~174993|





## 

|ACTIVITIES||||||||
|---|---|---|---|---|---|---|---|
|||||||31.3.21|31.3.20|
|||||||f|f|
|Net expenditure<br>for the reporting|||period (ss|per the Statement|of|||
|Financial Activities)||||||(14,823)|(49,386)|
|Adjustments<br>for:||||||||
|Interest received||||||(3,472)|(368)|
|Increase to debtors||||||(70,430)|(881)|
|increase/(decrease)|in creditors|||||~40 551|~105 125|
|Net cash used<br>in operations||||||~48 174)|~155760)|
|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||||
|||||||31.3.21|31.3.20|
|||||||f||
|Cash<br>in hand||||||65|65|
|Notice deposits (less <br>Overdrafls<br>included||than 3 months)<br>in bank loans and overdrafls||falling due within|one year|200,854<br>~70628)|175,815<br>~887)|
|Total cash and cash|equivalents|||||~130291|174,993|



## 

## 

||At 1.4.20|Cash flow|At 31.3.21|
|---|---|---|---|
|||f|f|
|Net cash||||
|Cash at bank and in hand<br>Bank overdrafl|175,880<br>~887|25,039<br>~69741|200,919<br>~70,628|
||174993|44 702|~130291|
|Total|174993|44 702|~130 291|





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## 

## 

|||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|DRO|grant|||||483|269|
|CAB|grants||||||3,500|
|South|Hook Community|Fund|||||5,000|
|Pembroke<br>Dock Town Council||||||~2000||
|||||||~2483|~8769|
|INVESTMENT INCOME||||||||
|||||||31.3.21|31.3.20|
|||||||f||
|Deposit account interest||||||~3472|368|
|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||||31.3.21|31.3.20|
|||||Activity||f|f|
|Service level agreements||||Charitable|activities|190,376|179,161|
|Grants||||Charitable|activities|~331 612|~243 176|
|||||||~521 988|422 337|
|Service agreements<br>included|||in|the above,|are as follows:|||
|||||||31,3 21|31.3.20|
|Pembrokeshire<br>County Counctl||||||112,600|112,076|
|Universal<br>Credit, Help to||Claim||||53,924|50,954|
|Jobs Growth Wales||||||3,852|3,016|
|Hywel|Dda, Partners<br>for the||journey|||20,000||
|Energy|Best Deal||||||177|
|Energy|Advice Programme||||||5,160|
|Financial<br>Capability<br>Forum|||||||2,542|
|Advicelink<br>Film Project|||||||~5236|
|||||||~190376|~179 161|
|Grants|received,<br>included|in|the|above, are|as follows:|||
|||||||31.3.21|31.3.20|
|||||||f|f|
|Pembrokeshire<br>County Council|||||||8,392|
|Better|Advice Better Lives||||||58,419|
|Money|Advice Service Funded|||Debt Advice Project (MASDAP)|||49,299|
|British|Gas Energy Fund|||||1,860|4,927|
|Henry|Smith|||||59,350|58,100|
|Single|Advice Fund|||||226,838|46,309|
|Warmer Wales||||||2i »9||
|Carried|forward|||||309,777|243,176|





## 

|INCOME FROM|CHARIT|ABLE ACTIVI|TIES - continued|||
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
|||||6||
|Brought forward||||309,777|243,176|
|PAYS Supporting|Community|Action Fund||2,000||
|Department ofBusiness, Energy and Industrial|||Strategy|6,700||
|CCG - Community|Financial|Literacy Project||5,000||
|Help to Claim Covid Grant||||8 135||
|||||~331 612|~243 176|



||Advicelink,<br>SAF funding<br>The funds were paid over in full|Advicelink,<br>SAF funding<br>The funds were paid over in full|Advicelink,<br>SAF funding<br>The funds were paid over in full|to 2 partner<br>organisa|tions<br>during<br>the|year.|
|---|---|---|---|---|---|---|
||OTHER INCOME||||||
||||||31.3.21|31.3.20|
||Room hire||||4,450|6,508|
||Miscellaneous|income|||425||
||Reimbursements||from CitA||~3302||
||||||8 177|~6508|
|6.|CHARITABLE||ACTIVITIES COSTS||||
|||||Direct|Support||
|||||Costs (see|costs (see||
|||||note 7)<br>f|note 8)<br>f|Totals<br>f|
||Charitable<br>activities|||~479 372|~72 209|~551 581|
|7.|DIRECT COSTS Of' CHARITABLE ACTIVITIES||||||
||||||31.3.21|31.3.20|
||||||f|f|
||Staff costs||||409,750|340,306|
||Staff'expenses||||632|9,746|
||OAice costs||||24,967|23,813|
||Premises costs||||22,989|33,252|
||Citizens Advice|fees|||7,482|8,266|
||Capital equipment||purchases||9,332|1,842|
||Volunteer<br>travel||||114|5,068|
||StaA' training||||786|1,440|
||Advertising|||||643|
||Legal and Professional||||2,895||
||Sundry||||425||
||||||~479 372|~424 376|





## 

||||||||Governance||
|---|---|---|---|---|---|---|---|---|
||||||Management<br>f.|Finance<br>f|costs<br>f.|Totals<br>f|
||Charitable|activities|||~71 037|101|~1071|~72 209|
||Support costs,||included|in the above, are as follows:|||||
||Management||||||||
||||||||31.3.21|31.3.20|
||||||||Charitable|Total|
||||||||activities|activities|
||||||||f||
||Wages||||||43,197|41,517|
||Pensions||||||895|891|
||Other staff|costs||||||178|
||Sundries||||||1,786|696|
||Office support||costs||||17,554|11,434|
||Rent and premises costs||||||3,214|2,467|
||Accountancy||||||1,540|1,660|
||Payroll fees||||||~2851|I 972|
||||||||~71 037|~60 815|
||Finance||||||||
||||||||31.3.21|31.3.20|
||||||||Charitable|Total|
||||||||activities|activities|
||||||||f|f|
||Bank charges||||||101|102|
||Governance|costs|||||||
||||||||31.3.21|31.3.20|
||||||||Charitable|Total|
||||||||activities|activities|
||||||||f|f|
||Trustees'<br>expenses||||||191|629|
||Accountancy|fees|||||500|500|
||Legal fees||||||380|~1816|
||||||||~1071|~2945|
|9.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)|||is stated after|charging/(crediting):||||
||||||||31.3.21|31.3.20|
||||||||f|f|
||Independent|examiners||fee|||~2040|~2040|





## 

## 

||||||31.03.21|31.03.20|
|---|---|---|---|---|---|---|
|||||||f|
|Wages and salaries|||||417,400|350,960|
|Social Security|costs||||24,649|19,833|
|Other pension|costs||||11793|11921|
||||||453 842|~382 714|
|The average monthly||number ofemployees|during|the year was as follows:|||
||||||31.3.21|31.3.20|
|Al I activities|||||24|21|





## 

|12.|COMPARATIVES F|OR THE ST|ATEMENT OF FINANCIAL|ACTIVITIE|S - 3103.2020||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||f|f,|f|
||INCOME AND ENDOWMENTS||FROM||||
||Donations<br>and legacies|||9,639||9,639|
||Charitable<br>activities||||||
||Charitable<br>activities|||128,720|293,617|422,337|
||Investment<br>income|||368||368|
||Other income|||~6508||6,508|
||Total|||145,235|293,617|438,852|
||EXPENDITURE ON||||||
||Charitable<br>activities||||||
||Charitable<br>activities|||192,760|295,478|488,238|
||NET INCOME/(EXPENDITURE)|||(47,525)|(1,861)|(49,386)|
||Transfers<br>between<br>funds|||I 125|~1125||
||Net movement<br>in funds|||(46,400)|(2,986)|(49,386)|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought forward|||211,006|9,766|220,772|
||TOTAL FUNDS CARRIED FORWARD|||~164606|6,780|~171 386|
|13.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.3.21|313.20|
||||||f||
||Rent prepayment||||5,000|5,000|
||Accrued income||||~78010|~7580|
||||||~83 010|~12 580|





## 

## 

|CREDITORS: A|MOU|NT|S FALLI|NG DUE|W|ITHI||ONE Y|EA|R|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||31.3.21|31.3.20||
|||||||||||||f|f||
|Bank loans and overdrafts|||(see note|15)||||||||70,628|887||
|Creditors||||||||||||7,922|12,769||
|Accrued expenses||||||||||||8,816|3,418||
|Deferred<br>income||||||||||||~40 000|||
|||||||||||||~127366|17074||
|LOANS|||||||||||||||
|Amounts<br>showing|as bank||overdrafts|represent|a|timing||difference|between||when|the restricted|expenditure|h|
|been incurred<br>and|the receipt ofthe|||restricted|funding||in the Charity's|||bank|account. This is not||an actual ba|n|
|overdraR<br>it is recording||that the fund||is overdrawn||only.|||||||||
|MOVEMENT<br>IN|FUNDS||||||||||||||
|||||||||||Net||Transfers|||
||||||||||movement|||between|At||
|||||||At 1.4.20|||in funds|||funds|31.3.21||
|||||||f||||f||f|f||
|Unrestricted<br>funds|||||||||||||||
|General advice||||||72,245|||(17,637)|||83,978|138,586||
|Designated<br>funds||||||73,100||||||(73,100)|||
|DWP Digital Inclusion||||||19||261||||~19261|||
|||||||164,606|||(17,637)|||(8,383)|138,586||
|Restricted<br>funds|||||||||||||||
|Energy Best Deal||||||1,693||||(2,876)||1,183|||
|Financial<br>Capability|Forum|||||2,931||||||(2,931)|||
|Access to Justice||||||||263||||(263)|||
|Warmer<br>Wales||||||1,893||||(1,030)||2,443|3,306||
|Henry<br>Smith||||||||||(3,136)||3,136|||
|Help to Claim||||||||||(24)||24|||
|Single Advtce Fund||||||||||731||4,791|5,522||
|BEIS||||||||||1,799|||1,799||
|GP Partners|||||||||~7350||||~7350||
|||||||~6780|||~2814|||~8383|~17977||
|TOTAL FUNDS||||||~171|386||~14823)||||~156563||



## 

## 



## 

## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||f|f,|f|
|Unrestricted|funds|||||
|General advice|||137,972|(155,609)|(17,637)|
|Restricted<br>funds||||||
|Energy Best Deal||||(2,876)|(2,876)|
|Warmer Wales|||23,839|(24,869)|(1,030)|
|Henry Smith|||59,350|(62,486)|(3,136)|
|Help to Claim|||53,924|(53,948)|(24)|
|Single Advice|Fund||226,838|(226,107)|731|
|BEIS|||14,835|(13,036)|1,799|
|GP Partners|||~20 000|~I2 650)|~7350|
||||~398 786|(3395 972'|~2814|
|TOTAL FUNDS|||~536 758|~551 581)|14 823|
|Comparatives|for movement|in funds||||



||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.4.19|in funds|funds|31.3.20|
|||f|f||f|
|Unrestricted<br>funds||||||
|General advice||124,533|(47,413)|(4,875)|72,245|
|Designated<br>funds<br>DWP Digital Inclusion||67,100<br>~19373|~II2)|6,000|73,100<br>~19261|
|||211,006|(47,525)|1,125|164,606|
|Restricted<br>funds||||||
|Better Advice Better|Lives|1,219|(310)|(909)||
|Money Advice Service Funded Debt||||||
|Advice Project (MASDAP)|||6,883|(6,883)||
|Energy Best Deal|||1,693||1,693|
|Financial<br>Capability|Forum|1,319|1,612||2,931|
|Access to Justice||263|||263|
|Warmer Wales||5,772|(3,879)||1,893|
|Henry Smith||1,193|(8,095)|6,902||
|Help to Claim<br>Single Advice Fund|||536<br>~301|(536)<br>301||
|||~9766|I 861|I 125|~6780|
|TOTAL FUNDS||~220 772|~49386)||~171386|





## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources<br>f|expended<br>8|in funds<br>f|
|Unrestricted<br>funds||||||
|General advice<br>DWP Digital Inclusion|||145,235|(192,648)<br>~112|(47,413)<br>~112)|
||||145,235|(192,760)|(47,525)|
|Restricted<br>funds||||||
|Better Advice Better|Lives||58,419|(58,729)|(310)|
|Money Advice Service Funded||Debt||||
|Advice Project (MASDAP)|||49,299|(42,416)|6,883|
|Energy Best Deal|||5,337|(3,644)|1,693|
|Financial<br>Capability|Forum||2,542|(930)|1,612|
|Warmer<br>Wales|||22,657|(26,536)|(3,879)|
|Henry<br>Smith|||58,100|(66,195)|(8,095)|
|Help to Claim<br>Single Advice Fund|||50,954<br>~46 309|(50,418)<br>~46 610)|536<br>~301)|
||||~293 617|295 478|~1861|
|TOTAL FUNDS|||438,852|~488 238)|~49386)|



## 



## 

|||for the Year Ended|31 March 2021||
|---|---|---|---|---|
||||31.3,21|31.3.20|
||||f|f|
|INCOME AND||ENDOWMENTS|||
|Donations<br>and|legacies||||
|Donations|||638|870|
|Grants|||~2483|~8769|
||||3,121|9,639|
|Investment<br>income|||||
|Deposit account||interest|3,472|368|
|Charitable<br>activities|||||
|Service level agreements|||190,376|179,161|
|Grants|||~331612|~243 176|
||||521,988|422,337|
|Other income|||||
|Room hire|||4,450|6,508|
|Miscellaneous|income||425||
|Reimbursements||from CitA|~3302||
||||~8177|6508|
|Total incoming||resources|536,758|438,852|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Wages|||398,852|329,276|
|Pensions|||10,898|11,030|
|Staft'expenses|||632|9,746|
|Office costs|||24,967|23,813|
|Premises costs|||22,989|33,252|
|Citizens Advice|fees||7,482|8,266|
|Capital equipment||purchases|9,332|1,842|
|Volunteer<br>travel|||114|5,068|
|Staff training|||786|1,440|
|Advertising||||643|
|Legal and Professional|||2,895||
|Sundry|||425||
||||479,372|424,376|
|Support costs|||||
|Management|||||
|Wages|||43,197|41,517|
|Pensions|||895|891|
|Other staff costs||||178|
|Carried forward|||44,092|42,586|





## 

|||Detailed Statement ofFinancial|Activities|||
|---|---|---|---|---|---|
|||for the Year Ended 31 March|2021|||
|||||31.3.21|31.3.20|
|Management||||||
|Brought forward||||44,092|42,586|
|Sundries||||1,786|696|
|Office support|costs|||17,554|11,434|
|Rent and premises costs||||3,214|2,467|
|Accountancy||||1,540|1,660|
|Payroll fees||||~2851|~1972|
|||||71,037|60,815|
|Finance||||||
|Bank charges||||101|102|
|Governance|costs|||||
|Trustees' expenses||||191|629|
|Accountancy|fees|||500|500|
|Legal fees||||380|1 816|
|||||1,071|2,945|
|Total resources|expended|||~551 581|~488 238|
|Net expenditure||||14823|49386|