&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|