| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 7 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
| Detailed Statement ofFinancial Activities | 22 | to | 23 |
| 31.3.22 | 31.3.21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 2 | 7,317 | 7,317 | 3,121 | ||
| Charitable | activities | ||||||
| Charitable | activities | 128,590 | 437,147 | 565,737 | 521,988 | ||
| Investment | income | 1,173 | 1,173 | 3,472 | |||
| Other income | 3,580 | 3,580 | 8,177 | ||||
| Total | 140,660 | 437,147 | 577,807 | 536,758 | |||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Charitable | activities | 114,940 | 451,059 | 565,999 | 551,581 | ||
| NET INCOME/(EXPENDITURE) | 25,720 | (13,912) | 11,808 | (14,823) | |||
| Transfers | between funds |
16 | (20,258) | 20,258 | |||
| Net movement in funds |
5,462 | 6,346 | 11,808 | (14,823) | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 138,586 | 17,977 | 156,563 | 171,386 | |||
| TOTAL FUNDS CARRIED FORWARD | 144,048 | 24,323 | 168,371 | 156,563 |
| 31.3.22 | 31.3.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| CURRENT ASSETS | |||||
| Debtors | 13 | 28,150 | 9,374 | 37,524 | 83,010 |
| Cash at bank and in hand | 134,811 | 64,323 | 199,134 | 200,919 | |
| 162,961 | 73,697 | 236,658 | 283,929 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (18,913) | (49,374) | (68,287) | (127,366) |
| NET CURRENT ASSETS | 144,048 | 24,323 | 168,371 | 156,563 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 144,048 | 24,323 | 168,371 | 156,563 | |
| NET ASSETS | 144,048 | 24,323 | 168,371 | 156,563 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
144,048 | 138,586 | |||
| Restricted funds | 24,323 | 17,977 | |||
| TOTAL FUNDS | 168,371 | 156,563 |
| Cash Flow Statement | |||||||
|---|---|---|---|---|---|---|---|
| for the | Year Ended 31March | 2022 | |||||
| 31.3.22 | 31.3.21 | ||||||
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
1 | 58,296 | (48,174) | ||||
| Net cash provided by/(used |
in) | operating | activities | 58,296 | (48,174) | ||
| Cash flows from investing | activities | ||||||
| Interest received | 1,173 | 3,472 | |||||
| Net cash provided by investing |
activities | 1,173 | 3,472 | ||||
| Change in cash and cash equivalents | in | ||||||
| the reporting period Cash and cash equivalents |
at | the | 59,469 | (44,702) | |||
| beginning ofthe reporting | period | 2 | 130,291 | 174,993 | |||
| Cash and cash equivalents | at | the end | of | ||||
| the reporting period |
189,760 | 130,291 |
| OPERATING AC | TIVITI | ES | ||||
|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||
| Net income/(expenditure) | for the reporting | period (as per the | ||||
| Statement ofFinancial Activities) | 11,808 | (14,823) | ||||
| Adjustments for: |
||||||
| Interest received | (1,173) | (3,472) | ||||
| Decrease/(increase) | in debtors | 45,486 | (70,430) | |||
| Increase in creditors | 2,175 | 40,551 | ||||
| Net cash provided | by/(used | in) operations | 58,296 | (48,174) | ||
| ANALYSIS OF CASH AND CASH EQUIVALENTS | ||||||
| 31.3.22 | 31.3.21 | |||||
| Cash in hand | 65 | 65 | ||||
| Notice deposits (less than 3 | months) | 199,069 | 200,854 | |||
| Overdrafls included |
in bank | loans and overdrafls | falling due within one year | (9,374) | (70,628) | |
| Total cash and cash | equivalents | 189,760 | 130,291 |
| At 1.4.21 | Cash flow | At 31.3.22 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank and in hand | 200,919 | (1,785) | 199,134 |
| Bank overdraiis | (70,628) | 61,254 | (9,374) |
| 130,291 | 59,469 | 189,760 | |
| Total | 130,291 | 59,469 | 189,760 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| Donations | 2,239 | 638 |
| Grants | 5,078 | 2,483 |
| 7,317 | 3,121 |
| 31.3.22 | 31.3.21 | |||||||
|---|---|---|---|---|---|---|---|---|
| DRO grant | 78 | 483 | ||||||
| Pembroke Dock Town Council | 5,000 | 2,000 | ||||||
| 5,078 | 2,483 | |||||||
| INVESTMENT INCOME | ||||||||
| 31.3.22 | 31.3.21 | |||||||
| Deposit account interest | 1,173 | 3,472 | ||||||
| INCOME FROM | CHARITABLE ACTIVITIES | |||||||
| 31.3.22 | 31.3.21 | |||||||
| Activity | ||||||||
| Service level agreements | Charitable | activities | 234,985 | 190,376 | ||||
| Grants | Charitable | activities | 330,752 | 331,612 | ||||
| 565,737 | 521,988 | |||||||
| Service agreements | included | in | the above, are | as follows: | ||||
| 31.3.22 | 31.3.21 | |||||||
| Pembrokeshire County Council |
112,700 | 112,600 | ||||||
| Universal Credit, Help to Claim |
54,035 | 53,924 | ||||||
| Jobs Growth Wales | 3,852 | |||||||
| Hywel Dda, Partners for the | journey | 60,000 | 20,000 | |||||
| Big Energy Saving | Network | / Energy Advice | Programme | 7,750 | ||||
| Financial Capability | Forum | 500 | ||||||
| 234,985 | 190,376 | |||||||
| Grants received, included in the above, are |
as | follows: | ||||||
| 31.3.22 | 31.3.21 | |||||||
| British Gas Energy | Trust | 10,043 | 1,860 | |||||
| Henry Smith |
30,000 | 59,350 | ||||||
| Single Advice Fund | 244,073 | 226,838 | ||||||
| Warmer Wales | 20,034 | 21,729 | ||||||
| PAYS Supporting Community Action Fund Department ofBusiness, Energy and Industrial |
Strategy | 2,000 6,700 |
||||||
| CCG - Community | Financial | Literacy Project, | Money Talks | 15,000 | 5,000 | |||
| Help to Claim Covid Grant | 8,135 | |||||||
| Kickstatt Scheme | 11,212 | |||||||
| Windrush Compensation Scheme |
390 | |||||||
| 330,752 | 331,612 |
| 5. | OTHER INCOME | OTHER INCOME | OTHER INCOME | OTHER INCOME | |||
|---|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | ||||||
| Room hire | 3,580 | 4,450 | |||||
| Miscellaneous | income | 425 | |||||
| Reimbursements | from CitA | 3,302 | |||||
| 3,580 | 8,177 | ||||||
| 6. | CHARITABLE | ACTIVITIES COSTS | |||||
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 7) | note 8) | Totals | |||||
| K | |||||||
| Charitable activities |
490,107 | 75,892 | 565,999 | ||||
| 7. | DIRECT COSTS | OFCHARITABLE ACTIVITIES | |||||
| 31.3.22 | 31.3.21 | ||||||
| Staffcosts | 417,720 | 409,750 | |||||
| Staffexpenses | 752 | 632 | |||||
| Office costs | 26,146 | 24,967 | |||||
| Premises costs | 35,457 | 22,989 | |||||
| Citizens Advice fees | 5,773 | 7,482 | |||||
| Capital equipment | purchases | 9,332 | |||||
| Volunteer travel |
164 | 114 | |||||
| Stafftraining | 1,783 | 786 | |||||
| Advertising | 1,883 | ||||||
| Legal and Professional | 321 | 2,895 | |||||
| Sundry | 108 | 425 | |||||
| 490,107 | 479,372 |
| 8. | SUPPORT | COSTS | ||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Management | Finance | costs | Totals | |||
| Charitable activities |
71,799 | 148 | 3,945 | 75,892 | ||
| Support costs, included | in the above, are as follows: | |||||
| Management | ||||||
| 31.3.22 | 31.3.21 | |||||
| Charitable | Total | |||||
| activities | activities | |||||
| Wages | 42,432 | 43,197 | ||||
| Pensions | 1,056 | 895 | ||||
| Sundries | 1,458 | 1,786 | ||||
| Office support costs | 11,389 | 17,554 | ||||
| Rent and premises costs | 6,736 | 3,214 | ||||
| Accountancy | 7,840 | 1,540 | ||||
| Payroll fees | 888 | 2,851 | ||||
| 71,799 | 71,037 | |||||
| Finance | ||||||
| 31.3.22 | 31.3.21 | |||||
| Charitable | Total | |||||
| activities | activities | |||||
| Bank charges | 148 | 101 | ||||
| Governance | costs | |||||
| 31.3.22 | 31.3.21 | |||||
| Charitable | Total | |||||
| activities | activities | |||||
| Trustees' expenses | 191 | |||||
| Accountancy | fees | 500 | 500 | |||
| Legal fees | 3,445 | 380 | ||||
| 3,945 | 1,071 | |||||
| 9. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 31.3.22 | 31.3.21 | |||||
| Independent | examiners | fee | 2,400 | 2,040 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 31.03.22 | 31.03.21 | |||
| Wages and salaries | 423,752 | 417,400 | ||
| Social Security costs | 24,623 | 24,649 | ||
| Other pension costs | 12,833 | 11,793 | ||
| 461,208 | 453,842 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 31.3.22 | 31.3.21 | |||
| All activities | 24 | 24 |
| Notes to the Financial Statements - continued for the Year Ended 31March 2022 |
Notes to the Financial Statements - continued for the Year Ended 31March 2022 |
Notes to the Financial Statements - continued for the Year Ended 31March 2022 |
Notes to the Financial Statements - continued for the Year Ended 31March 2022 |
||
|---|---|---|---|---|---|
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -31.03.2021 | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
3,121 | 3,121 | |||
| Charitable activities |
|||||
| Charitable activities |
123,452 | 398,536 | 521,988 | ||
| Investment income |
3,472 | 3,472 | |||
| Other income | 7,927 | 250 | 8,177 | ||
| Total | 137,972 | 398,786 | 536,758 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Charitable activities |
155,609 | 395,972 | 551,581 | ||
| NET INCOME/(EXPENDITURE) | (17,637) | 2,814 | (14,823) | ||
| Transfers between funds |
(8,383) | 8,383 | |||
| Net movement in funds |
(26,020) | 11,197 | (14,823) | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 164,606 | 6,780 | 171,386 | ||
| TOTAL FUNDS CARRIED FORWARD | 138,586 | 17,977 | 156,563 | ||
| 13. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.3.22 | 31.3.21 | ||||
| Rent prepayment | 5,000 | ||||
| Accrued income | 37,524 | 78,010 | |||
| 37,524 | 83,010 |
| CREDITORS: AMOUN | TS FALLING DUE WITHIN ONE | YEAR | |
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| Bank loans and overdratts | (see note 15) | 9,374 | 70,628 |
| Creditors | 8,329 | 7,922 | |
| Accrued expenses | 10,584 | 8,816 | |
| Deferred income | 40,000 | 40,000 | |
| 68,287 | 127,366 |
| MOVEMENT | IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| g | ||||||
| Unrestricted | funds | |||||
| General advice | 138,586 | 25,720 | (20,258) | 144,048 | ||
| Restricted funds | ||||||
| Warmer Wales | 3,306 | (6,733) | 3,427 | |||
| Henry Smith | (930) | 930 | ||||
| Help to Claim | (254) | 254 | ||||
| Single Advice | Fund | 5,522 | (18,843) | 13,321 | ||
| BEIS | 1,799 | 1,799 | ||||
| GP Partners | 7,350 | 14,387 | 21,737 | |||
| Kickstart | (2,187) | 2,187 | ||||
| Big Energy Saving Network &Energy | ||||||
| Advice Programme | (139) | 139 | ||||
| British Gas Energy Trust - Community | ||||||
| Reach | 787 | 787 | ||||
| 17,977 | (13,912) | 20,258 | 24,323 | |||
| TOTAL FUNDS | 156,563 | 11,808 | 168,371 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General advice | 140,660 | (114,940) | 25,720 | |
| Restricted funds | ||||
| Warmer Wales | 20,034 | (26,767) | (6,733) | |
| Henry Smith | 30,000 | (30,930) | (930) | |
| Help to Claim | 54,035 | (54,289) | (254) | |
| Single Advice Fund | 244,073 | (262,916) | (18,843) | |
| GP Partners | 60,000 | (45,613) | 14,387 | |
| Kickstart | 11,212 | (13,399) | (2,187) | |
| BigEnergy Saving Network | tk Energy | |||
| Advice Programme | 7,750 | (7,889) | (139) | |
| British Gas Energy Trust - Community | ||||
| Reach | 10,043 | (9,256) | 787 | |
| 437,147 | (451,059) | (13,912) | ||
| TOTALFUNDS | 577,807 | (565,999) | 11,808 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.4.20 | in funds | funds | 31.3.21 | ||
| 8 | 8 | ||||
| Unrestricted funds |
|||||
| General advice | 72,245 | (17,637) | 83,978 | 138,586 | |
| Designated funds |
73,100 | (73,100) | |||
| DWP Digital Inclusion | 19,261 | (19,261) | |||
| 164,606 | (17,637) | (8,383) | 138,586 | ||
| Restricted funds | |||||
| Energy BestDeal | 1,693 | (2,876) | 1,183 | ||
| Financial Capability |
Forum | 2,931 | (2,931) | ||
| Access to Justice | 263 | (263) | |||
| Warmer Wales | 1,893 | (1,030) | 2,443 | 3,306 | |
| Henry Smith |
(3,136) | 3,136 | |||
| Help to Claim | (24) | 24 | |||
| Single Advice Fund | 731 | 4,791 | 5,522 | ||
| BEIS | 1,799 | 1,799 | |||
| GP Partners | 7,350 | 7,350 | |||
| 6,780 | 2,814 | 8,383 | 17,977 | ||
| TOTAL FUNDS | 171,386 | (14,823) | 156,563 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General advice | 137,972 | (155,609) | (17,637) | |
| Restricted 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 | (12,650) | 7,350 | |
| 398,786 | (395,972) | 2,814 | ||
| TOTALFUNDS | 536,758 | (551,581) | (14,823) |
| Detailed Statement ofFinancial Activities | |||||
|---|---|---|---|---|---|
| for the Year Ended 31March 2022 | |||||
| 31.3.22 | 31.3.21 | ||||
| INCOME AND | ENDOWMENTS | ||||
| Donations and |
legacies | ||||
| Donations | 2,239 | 638 | |||
| Grants | 5,078 | 2,483 | |||
| 7,317 | 3,121 | ||||
| Investment income |
|||||
| Deposit account interest | 1,173 | 3,472 | |||
| Charitable activities |
|||||
| Service level agreements | 234,985 | 190,376 | |||
| Grants | 330,752 | 331,612 | |||
| 565,737 | 521,988 | ||||
| Other income | |||||
| Room hire | 3,580 | 4,450 | |||
| Miscellaneous | income | 425 | |||
| Reimbursements | from CitA | 3,302 | |||
| 3,580 | 8,177 | ||||
| Total incoming | resources | 577,807 | 536,758 | ||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Wages | 405,943 | 398,852 | |||
| Pensions | 11,777 | 10,898 | |||
| Staffexpenses | 752 | 632 | |||
| Office costs | 26,146 | 24,967 | |||
| Premises costs | 35,457 | 22,989 | |||
| Citizens Advice fees | 5,773 | 7,482 | |||
| Capital equipment | purchases | 9,332 | |||
| Volunteer travel |
164 | 114 | |||
| Stafftraining | 1,783 | 786 | |||
| Advertising | 1,883 | ||||
| Legal and Professional | 321 | 2,895 | |||
| Sundry | 108 | 425 | |||
| 490,107 | 479,372 | ||||
| Support costs | |||||
| Management | |||||
| Wages | 42,432 | 43,197 | |||
| Pensions | 1,056 | 895 | |||
| Sundries | 1,458 | 1,786 | |||
| Camed forward | 44,946 | 45,878 |
| for the Year End | ed 31March 2022 | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| Management | |||
| Brought forward | 44,946 | 45,878 | |
| Office support | costs | 11,389 | 17,554 |
| Rent and premises costs | 6,736 | 3,214 | |
| Accountancy | 7,840 | 1,540 | |
| Payrol 1fees |
888 | 2,851 | |
| 71,799 | 71,037 | ||
| Finance | |||
| Bank charges | 148 | 101 | |
| Governance | costs | ||
| Trustees' expenses | 191 | ||
| Accountancy | fees | 500 | 500 |
| Legal fees | 3,445 | 380 | |
| 3,945 | 1,071 | ||
| Total resources | expended | 565,999 | 551,581 |
| Net income/(expenditure) | 11,808 | (14,823) |