2022-03-31-accounts

&Co

				Page
Report ofthe 'I tustces			I	to	5
independent Fxaminer's		Report	6	to	7
Statement ofFinancial		Activities
Balance Sheet			9	to	10
Cash Flow Statement
Notes to the C'ash Flow		Statement		12
iJotcs to the Financial	Statements		l3	to	26
Derailed Statement of	I'inancia! Activities		27	to	28

						2022	2021
				Unrestricted	Restricted	3ots I	Iotal
				tuncLs	funds	funds	funds
			Notes	8
INColvIK	AND KNDOwMENTS	FROM
Donations	and legacies		2	320		320	277
Charitable	activhies
Charitable	projects			191,261	547,592	738,853	718,051
loves uncut	income		3	l,tt89		1,889	2,026
Total				l93470	547,592	741,062	720.35-t
EXPENDITURE ON
8.u is tllg luritls				4,545		4,545	4,228
Charitable	artivities
Charitable	proIccts			122,478	580,005	702,483	606,828
Total				127,023	580,005	707,028	611,056
NET INCOME/(EXPENDITURE)				66,447	(32,413)	34,034	109,298
Transfers	between funds		17	(10,748)	10,748
Net movement tn funds				55,699	(21,665)	34,034	109,298
RECONCII.IATION OF FUNDS
Total funds brought forward				428,857	35,679	464,536	355,238
TOTAL FUNDS CARRIF.D FORWARD				484.556	14,014	498,570	464.536

	I)atance Shht
	31 March 2022
		'2022	2021
	Notes		K
ElXEDASSETS
Trsigible assets		5,517	10.461
CURRENT ASSEsTS
Debtors		16,621	103,472
Cash al bank and in hand		493,778	371,461
		510,399	474,933
CREDITORS
Amounts falling due within one year	15	(17,346)	l20,858)
NET CURRENT ASSETS		493,033	454,075
TOTAI. ASSF.TSLESSCURRENT
LLABILITIE8		498,570	464.536
NETASSETS		498,570	464,536
FUNDS	17
Untvstricted funds		484.556	428,857
Restricted t'ands		14,014	35,679
TOfAL FUNDS		498.570	464,536

					2022	2021
					0
Cash flows frotn		operating	activities
Cash generated	i'rom operations				120,428	26,152
Nei cash provided		by operating activtncs			120,428	26.152
Cash flows froen		investing	activities
Purchase oftang	thte fixed assets					18,316)
interest received					!,889	2,026
Net cash provided		hy/(used	in) investing	activities	1,889	(6.290)
Change in cash		and cash equivalents
in the reporting		period			122,3l7	19,862
Cash and cash	equivalents		at the
beginning ofthe		reporting	period		371,461	351,599
Cash and cash	equivalents		at tbe end
ofthe report)ng		period			493,778	371,461

RECONCILIATIO ACTIVITIES	N OF NE	T INCOME TO NET CASH FLOW F	ROiVI OPKRATIN	(:
			2022	2021
				8
Net income for thc	reporting	period (as per tbe Statement of
Financial Activities)			34.034	H)9,298
Adjustments furr
Depreciation charges			4,944	4, I I 8
fnle rest received			(1,889)	(2,026)
Decrease/(increase)	in debtors		86,851	192,550)
(Decrease)/Increase	in creditors		(3,5 12)	7,312
Net cash provided	by operations		120,428	26,152

	Ar I/4/21	Cash flow	At 3I;3/22
	f	f.
Net cash
Cash at bank and in hand	371,461	122317	493,778
	371,461	122,317	493,778
Total	371,461	122,317	49'3,778

	Fund accounting	Fund accounting	Fund accounting
	Further explanation of thc nature			and	purpose		of each fund	is included	ln the notes to thc		financial
	srate in ents.
2,	DONATIONS AN(I LEGACIES
									2022		2021
	Donations								320		277
3,	INVESTMENT INCOME
									2022		2021
									f.
	Deposit account interest,								1,889		2,026
4.	INCOME FROM CBARIT*BLEACTIVITIES
									2022		')021
			Activity								f
	Grants		Charitable		projects				738,853	718,051
	Granb received, indudcd	m the alwve,			are	as fo((ows:
									2022		2021
	Bridgend CBC - Core funding		(unrestricted			income)			(83,452	180,802
	British Gas - War)net Wales								20,034		19,8()9
	Financial Advice Support Scrvicc								100,000		100,(8)0
	Help to Claim								72,667		72,408
	Advice Link Conuiuini(y	Focus							164,919		165,919
	Advice Link Specialist Debt		&:Other						100,139		102,260
	Helping More Pooplc										I6,0(HI
	Meeting More People										17.860
	Commnni(y Foundation	Wales - Post Covid Grant									15.00()
	BAVO										1,000
	Domestic Violence								28,000
	Partnership Research										800
	Building Debt Capacity										6,300
	Employment Upskilling								9,833		19,((33
	Torfaen CAB								10,000
	Claim What'a Yours								15,000
	Public llealth Wales								27,000
	Department for Work k.	Pensions							di,909
	National Citizens Advice								900
									738,853	718,051

5.	RAISIPIci FI)tvDS
	Other trading actlsd ties
					2022	2021
	Sniff costs				4,545	4,228
6.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 7)	note 8)	'I'otal s
	Charitable projects			498,190	204,293	702,483
7.	DIRECT COSTSOF CHARl'TABLE ACTIVITIES
					2022	20'i 1
	Staffcosts				379,030	378,1158
	Rent, v'ster and premises		levy		24230	24.311
	Insurance				4,028	1,879
	Light and heat				5,703	5,619
	Telephone &communications Printing, postage & stationery				9,083 3,916	9,138 3,060
	Advertising				30	1,001
	Staff travel
	Staff and volunteer	training			8,567	1,190
	S tel'I recruitmcnt				2,779	1,727
	Subsistcncc and refrcshmenot				2,339	1,372
	Other sraff expenses				545	1,014
	Preinises cleaning, repairs		ond maintenance		5,278	15,490
	Reference tnatcrials	etc.			9,142	7,696
	ONce IT and consultancy				14,214	11,205
	Office etluipmcm				22,371	36,903
	Other office expenses				900
	Translation services				1,091	27
	Service partner contribnuons					2,766
	Depreciation					4,118
					498,190	507,380

					h	Finan	i	1 grat	m nts	-continued
					for theScwa		Bn	1	March	2022
8.	SUPPORT		COSTS
										Hellion	Gov em an ce
										Iesourcc'sl	costs	Totals
	Charitable	projects								199,433	4,860	204,293
	Support costs, included			in	the above,	are as	follows:
	Human resources
											2022	2021
											Charitable	Total
											pro)acts	activities
	Staffcosts										199,433	96.11*
	Governance		costs
											2022	2021
											Charitable	Total
											projects	ac.rivIlies
	independent		csammcr fcc								3,300	2,520
	Vrofessiunal		fcrs								1,310	799
	Sundry										250	13
											4,1(60	3.332
9,	NET P(COME/(EXPENDITURE)
	Net inconte((expenditure)				is slated af(er chartp'ng'(crediting):
											2022	2021
											f
	Dcpreclatlol'I		-nw fled assets								4,944	4, 118

		2022	2021
Wages and salaries		518,594	427960
Social security costs		36,926	33,143
Other costs
Pension costs		19,488	15,909
		583,008	477,012
Key management	personnel
Sa!aries and benefits		45,448	42,282

The average	monthly	number ofemployees	during	the year was as follows:
					2022	2021
Managenient	and support stuff				12	6
Advisers					26	15
						21

COMPARATIVES	FOR THE STATEMENT OF	FPIANCIAL ACTIV	ITIES
		Uorestrimed	Restricted	'I'otal
		funds	funds	I'unde
			6	6
INCOME A)N D ENDOWMENTS FRObl
Donations and legacies		277		277
Charitable activities
Charitable projects		181,602	53(u449	718.051
investment income		2,026)		2,026
Total		183,905	536.449	720,354
EXPENDITURE ON
Raising funsLs		4,221t		4,228
Charitable activities
Charitable projects		96,638	5 I0,190	606,828
Total		100,S66	510,190	611.056
NET I.iCOME		83,039	26,259	109,298
Transfers between funds		(768)	768
Net movemeot in funds		82,271	27,027	109,298
RECONCILIATION	OF FUNDS
Total funds brought	forward	346,586	8,652	355,238
TOTAL FUNDS CARRIED
FOR'EVARD		428,S57	35,679	464,536

TAN&:IBLF.FlXFD ASSETS
	Fixtures
	uld	Computer
	flttlngs	equipment	Totals
	g
COST
At I April 2021 and 31 March 2022	9,651	35,116	44,767
DEPRECIATION
At I Apnl 2021	9,651	24,655	34,306
Charge lor year		4,944	4,944
At 31 March 2022	9,651	29.599	39,250
NET BOOK VAI-L)E
At 31 March 2022		5,517	5,517
At 31 March 2021		10,46)	)0,461

DE	BTORS: AMOL)NTS I'ALLING DL)EW	ITHIN ONF, YEAR
		2022	2021
		E
Grant debtors			95,472
Other debtors		11,619	2,606
prep	ay ments	5,002	5,394
		16,621	103,472

CRED(TORSt AMOUNTS FALL(NG DUL Wl'fl4I	N ONE YVAR
	2022	2021
Soc,is 1 seeority and other taxes	9,231	9,448
Other creditors	3,447
Accrued expenses	4,668	11,410
	17,346	20,858

ANAI	YSISGF NET ASSET	SBETWKFN FUNDS
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	I'unds	funds
			L
Fixed	asseu	5,5 I 7		5.517	10.461
Current	russets	496,385	14,014	510,399	474,933
Current	liabilities	(17,346)		(17,346)	(20,858)
		484,556	14,014	498,570	464,536

MOVEMENT IN FUN	DS
			Net	Transfers
			movement	between	At
		At I/4/21	in funds	funds	31i3/22
		6
Unrestricted funds
Cien eral fund		306,168	66,447	13,252	385,867
Staffing Coohngency		36,663			36,663
Premises Rcscrvc		48,000		(24,000)	24,000
Capital Ecluiprn ant		9,000			'9,000
Service sustainability k	development
fund		29,026			29,026
		428,857	66,447	110,748)	484.556
Restricted funds
British Gas - Warmer Wales			(913)	913
Financial Advice Support Service			(951)	951
11clp to Claim			(4,827)	4,827
Money Advice Service Debt Advice
Proiact Rethmdaitcy					5,042
Advice Link Conununity	Focus		(2.053)	2,053
Advice Link Spcciahst Debt and OKer			(1,774'I	1.774
BliIS Hc!pmg More People		10,251	(10,236)
Mcc(iiig Mom P'eopll'		16	(16)
Community Foundation	Wales	953	(953)
Doihcstlc Violctlcc		9,093	(136)		8,957
Building Debt Capacity		891	(1,055)	164
Employmeni Upakilling		9,433	(9437)	4
C.arcis Project			( I&i)	1ti
Claim Whafs Yours			(I)	I
Public Health Wales			(45 1	45
		35,679	(32.413)	10,748	14,014
TOTAL FLINDS		464,536	34,034		498,5 70

			Incoming	Resources	Movement
			reaotlrces	expended	in fbnds
			0	f	f
Unrestricted funds
General fund			193,470	(127,023)	GG,447
Restricted funds
British Gas - Warmer	Wales		20,034	(20,947)	('913)
Financial Advice Support Service			100.000	(100,951)	(951)
Help to Claim			72,667	(77,494)	(4,827)
Advice Link Community		Focus	164,9l9	(166,972)	(2.053)
Advice Link Specialist		Debt snd Other	100,139	(101,913)	(1.774)
BEISHelping More People				(10,236)	( I0.236)
Meeting More People				(16)	(16)
Community Foundation		Wales		(953)	(953)
Doinestic Violence			28,000	(28,136)	(136)
Building Debt Capacity				(1,055)	(1,055)
Fmployment Upskililing			9,833	(19,270)	(9.437)
Carers Project			10,000	(10,016)	(16)
Claim What's Vours			15,000	(15,001)	(I)
Public Health Wales			27,000	(27,045)	(45)
			547,592	(580,005)	(32.413)
TOTAL FUNDS			741,062	(707,028)	34,034

			Nct	Transfers
			tttovetnent.	between	At
		Al 1/4/20	in futrds	Iunds	3li3/21
		E
Unrestricted funds
General fund		255,460	83,039	(32,331)	306,168
Staffing t'ontingency		29,100		7,563	36,663
Premises Reserve		24,000		24,000	48,000
(.'spital Equipment		'EOOO			9.000
Sen iccsus tain ability k.devclopmenl
fund		29,026			29,026
		346,586	83,039	(768)	428,857
Restricted funds
Briush Gas - Warmor Wales			(364)	364
Financial Advice Support Service			(37)	37
Help to Clean			(230)	230
Money Advice San ice Debt Advico
Project Redundancy		5,042			5,042
Advice I ink Community	1acus	3,610	(3,648)	38
Advice Link Specialist Debt and Other			(98)	98
BE1SHc)ping More People			10,251		10,251
Meeting More People			16		16
Community Foundation	Wales		953		953
BAs/0			(I)
Domestic Vin1 ence			9()93		9,093
Building Debt Capacity			891		891
Employment Upskilling			9,433		9.433
		8,652	26,259	768	35,679
TOT AU FUNDS		355,238	109,298		464,536

			Incoming	Resources	Mo'vctnctll
			resources	espended	u) funds
Unrestricted funds
General fund			183,905	(100,86)6i)	83,039
Restricted funds
Bntish Gas - Warmer	Wales		19,869	(20,233)	(364)
Financial Advice Support Service			100,000	(100,037)	(37)
Help to Claim			72,408	(72,638)	(230)
Advice Link Community		Focus	165,919	(169,567)	(3,648)
Advice Link Specialist		Debt and Other	102,260	(102,358)	(98)
BEISHelping More People			16,000	(5,749)	10,251
Meeting More People			17,860	(17,844)	16
Cnmmunity Foundation		Wales	15,000	(14,047)	953
BAVO			1,000	(1,001)	(I)
DndneetiC ViOle.nCe			10,000	(907)	9,093
Building Debt Capacity			6,300	(5,409)	891
Fmploymenl. Upskilling			9,833	(400)	9,433
			536,449	(510,190)	26,259
TOTAl FUNDS			720,354	(611,056)	109,2d)8

					2022	2021
						0
Amounts	due	within	12	months	24,000	27,14)

		Dctatlcd Statement ofFtnancsa! Activities
		for thc Veer Ended 31 March 2022
			2022	2021
INC()ME AND END(IWMENTS
Donat irma and legacies
Donations			320	277
Invmtment income
Deposit account interest			1,889	2,026
Charitable actitdtles
Grants			738,853	718,051
Total incoming resources			741,062	720,354
EXPENDITURE
Other tt ading acttvities
Fuad raising wages			4,545
Charitable activities
Staff' costs			379,030	378,858
Rent, water aod pretni sea	levy		24,230	24,311
Insurance			4,028	1,879
Light and heat			5,703	5,619
Telephone &comrnuotcatiorts			9,083	9,138
Punting, postage &stattoncry			3,916	3.060
Adverusing			30	1,001
S tel'f travel
Staff and voluntccr training			8.567	1,190
Staff recruitment			2.779	1,727
Subsismncc and rcfrcshmcnts			2,339	1,372
Other staff cxpcnscs			545	1,014
Premise~ cleaning, repairs	and	marntcnance	5,278	15,490
Reference nta terials ctc.			9,142	7,696
Offtco ITand consultancy			14,214	11,205
Office equipment			22,371	36,903
Other office expenses			900
Trmtsl ation services			1,091	27
Service partner corttributions				2,766
Depreciation oftangible	fixed	assets	4,944	4,118
			498,190	507,380

		Detailed Statenteot of for the Year Ended	Financial A~ivi i 31 hfarch 2022
			2022	2021
Support costs
Human resources
Slafi'costs			199,433	96,116
Governance	costt
1n dependent	ertominer	fee	3,300	2,520
Professional	fees		1,310	799
Sundry			250	13
			4,g60
Total resources	expended		707,028	611,056
Net income			34,034	109,29g