##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|I|to|5|
|Independent
Examiner's Report|6to7|||
|Statement ofFinancial Activities||||
|Balance Sheet|9|to|10|
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||12||
|Notes to the Financial Statements|13|to|26|
|Detailed Statement ofFinancial Activities|27|to|28|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Resndcted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|f||||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2||||320|
|Charitable|activities|||||||
|Charitable|projects|||204,970|664,028|868,998|738,853|
|Investment|income|||3,366||3,366|1,889|
|Total||||208,336|664,028|872,364|741,062|
|EXPENDITURE ON||||||||
|Raising funds||||4,981||4,981|4,545|
|Charitable|activities|||||||
|Charitable|projects|||141,119|670,826|811,945|702,483|
|Total||||146,100|670,826|816,926|707,028|
|NET INCOME/(EXPENDITURE)||||62,236|(6,798)|55,438|34,034|
|Transfers|between funds||17|(6,798)|6,798|||
|Net movement
in funds||||55,438||55,438|34,034|
|RECONCILIATION||OF FUNDS||||||
|Total funds|brought forward|||484,556|14,014|498,570|464,536|
|TOTAL FUNDS CARRIED FORWARD||||539,994|14,014|554,008|498,570|
|||Balance Sheet|||
|---|---|---|---|---|
|||31March 2023|||
||||2023|2022|
|||Notes|||
|FIXEDASSETS|||||
|Tangible assets||13|4,528|5,517|
|CURRENT ASSETS|||||
|Debtors||14|24,868|16,621|
|Cash at bank and in hand|||572,139|493,778|
||||597,007|510,399|
|CREDITORS|||||
|Amounts
falling due within|one year|15|(47,527)|(17,346)|
|NET CURRENT ASSETS|||549,480|493,053|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||554,008|498,570|
|NET ASSETS|||554,008|498,570|
|FUNDS||17|||
|Unrestricted
funds|||539,994|484,556|
|Restricted funds|||14,014|14,014|
|TOTAL FUNDS|||554,008|498,570|
##
##
||||2023|2022|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated
&om operations|||79,455|120,428|
|Net cash provided by operating
activities|||79,455|120,428|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(4,460)||
|Interest received|||3,366|1,889|
|Net cash (used in)/provided|by investing|activities|(1,094)|1,889|
|Change in cash and cash equivalents|||||
|in the reporting
period|||78,361|122,317|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||493,778|371,461|
|Cash and cash equivalents|at the end||||
|ofthe reporting period|||572,139|493,778|
##
|ACTIVITIES|||||
|---|---|---|---|---|
||||2023|2022|
|||||6|
|Net income for the|reporting|period (as per the Statement of|||
|Financial Activities)|||55,438|34,034|
|Adjustments
for:|||||
|Depreciation
charges|||5,449|4,944|
|Interest received|||(3,366)|(1,889)|
|(Increase)/decrease|in debtors||(8,247)|86,851|
|Increase/(decrease)|in creditors||30,181|(3,512)|
|Net cash provided|by operations||79,455|120,428|
||At 1/4/22|Cash flow|At 31/3/23|
|---|---|---|---|
|Net cash||||
|Cash at bank and in hand|493,778|78,361|572,139|
||493,778|78,361|572,139|
|Total|493,778|78,361|572,139|
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||Further
explanation
of|the nature|the nature|and|purpose of each fund is included|purpose of each fund is included|in the notes to the|in the notes to the|financial|
|---|---|---|---|---|---|---|---|---|---|
||statements.|||||||||
||DONATIONS
AND LEGACIES|||||||||
||||||||2023||2022|
||||||||||E|
||Donations||||||||320|
|3.|INVESTMENT INCOME|||||||||
||||||||2023||2022|
||Deposit account interest||||||3,366||1,889|
|4.|INCOME FROM CHAIOTABLE|||ACTIVITIES||||||
||||||||2023||2022|
||||Activity||||||f|
||Grants||Charitable||projects||868,998|738,853||
||Grants received, included|in the above,|||are|as follows:||||
||||||||2023||2022|
||Bridgend CBC —Core funding||(unrestricted|||income)|201,851|183,452||
||British Gas - Warmer Wales||||||||20,034|
||Financial Advice Support|Service|||||100,000|100,000||
||Help to Claim||||||166,741||72,667|
||Advice Link Community|Focus|||||171,516|164,919||
||Advice Link Specialist Debt &Other||||||104,063|100,139||
||Domestic Violence||||||||28,000|
||Employment
Upskilling||||||||9,833|
||Torfaen CAB||||||||10,000|
||Claim What's Yours||||||36,000||15,000|
||Carried forward||||||780,171|704,044||
##
##
|||||2023|2022|
|---|---|---|---|---|---|
||||||f.|
||Brought forward|||780,171|704,044|
||Public Health Wales||||27,000|
||Department
for Work k,|Pensions||3,119|6,909|
||National
Citizens Advice||||900|
||RCTBasic Income Pilot|||26,408||
||Energy Advice Programme|||5,200||
||Moondance
Foundation|Wanner Wales II||31,600||
||Food Bank Pattnership|||22,500||
|||||868,998|738,853|
|5.|RAISING FUNDS|||||
||Other trading activities|||||
|||||2023|2022|
||Staffcosts|||4,981|4,545|
|6.|CHARITABLE ACTIVITIES COSTS|||||
||||Direct|Support||
||||Costs (see|costs (see||
||||note 7)|note 8)|Totals|
||Charitable projects||641,404|170,541|811,945|
|7.|DIRECT COSTS OFCHARITABLE ACTIVITIES|||||
|||||2023|2022|
||Staffcosts|||507,895|379,030|
||Rent„water and premises|levy||24,249|24,230|
||Insurance|||4,240|4,028|
||Light and heat|||13,810|5,703|
||Telephone
dr communications|||10,692|9,083|
||Printing, postage &stationery|||4,117|3,916|
||Adverdsing||||30|
||Stafftravel|||393||
||Staff and volunteer
training|||8,392|8,567|
||Staff'recruinnent|||1,712|2,779|
||Subsistence
and re&eshments|||3,850|2,339|
||Other staff expenses|||58|545|
||Premises cleaning, repairs|and maintenance||4,273|5,278|
||Carried forward|||583,681|445,528|
##
##
|7.|DIRECT C|OSTS O|F|CHARITABLE ACTIVITIES -|continued|||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||Brought forward|||||583,681|445,528|
||Reference materials||etc.|||11,750|9,142|
||Office ITand consultancy|||||17,402|14,214|
||Office equipment|||||21,950|22,371|
||Other office|expenses|||||900|
||Translation|services||||1,174|1,091|
||Depreciation|||||5,447|4,944|
|||||||641,404|498,190|
|8.|SUPPORT|COSTS||||||
||||||Human|Govetnance||
||||||resources|costs|Totals|
||Charitable projects||||163,963|6,578|170,541|
||Support costs, included|||in the above, are as follows:||||
||Human
resources|||||||
|||||||2023|2022|
|||||||Charitable|Total|
|||||||projects|activities|
||Staffcosts|||||163,963|I99,433|
||Governance|costs||||||
|||||||2023|2022|
|||||||Charitable|Total|
|||||||projects|activities|
||Independent|examiner||fee||3,630|3,300|
||Professional|fees||||2,740|1,310|
||Bank charges|||||28||
||Sundry|||||45|250|
||Trustee development||costs|||80||
||Trustee subscriptions|||||55||
|||||||6,578|4,860|
##
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||2023|2022|
|---|---|---|
|Wages and salaries|616,819|518,594|
|Social security costs|36,321|36,926|
|Other costs|||
|Pension costs|23,699|19,488|
||676,839|583,008|
|Key management
personnel|||
|Salaries and benefits|48,907|45,448|
|Key management|Key management|personnel|personnel|comprises|the|Chief Officer.|Chief Officer.|||
|---|---|---|---|---|---|---|---|---|---|
|The average|monthly||number|ofemployees||during|the year was as follows:|||
|||||||||2023|2022|
|Management|and|support staff||||||8|12|
|Advisers||||||||26|26|
|||||||||34|38|
||Notes to the Financial
tatemen
- continue
for the Year Ended 31March 2023|Notes to the Financial
tatemen
- continue
for the Year Ended 31March 2023|Notes to the Financial
tatemen
- continue
for the Year Ended 31March 2023|Notes to the Financial
tatemen
- continue
for the Year Ended 31March 2023||
|---|---|---|---|---|---|
|12.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||||
||||Unresnicted|Restricted|Total|
||||funds|funds|funds|
||INCOME AND ENDOWMENTS FROM|||||
||Donations
and legacies||320||320|
||Charitable
activities|||||
||Charitable projects||i9i,261|547,592|738,853|
||Investment
income||1,889||1,889|
||Total||193,470|547,592|741,062|
||EXPENDITURE ON|||||
||Raising funds||4,545||4,545|
||Charitable
activities|||||
||Charitable projects||122,478|580,005|702,483|
||Total||I27,023|580,005|707,028|
||NET INCOME/(EXPENDITURE)||66,447|(32,413)|34,034|
||Transfers between funds||(10,748)|10,748||
||Net movement
in funds||55,699|(21„665)|34,034|
||RECONCILIATION|OF FUNDS||||
||Total funds brought forward||428,857|35,679|464,536|
||TOTAL FUNDS CARRIED|||||
||FORWARD||484,556|14,014|498,570|
##
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Fixtures|||
||and|Computer||
||fittings|equipment|Totals|
||||f.|
|COST||||
|At 1 April 2022|9,651|35,116|44,767|
|Additions||4,460|4,460|
|At 31March 2023|9,651|39,576|49,227|
|DEPRECIATION||||
|At 1 April 2022|9,651|29,599|39450|
|Charge for year||5,449|5,449|
|At 31March 2023|9,651|35,048|44,699|
|NKT BOOKVALUE||||
|At 31March 2023||4,528|4,528|
|At 31March 2022||5,517|5,517|
##
|DEBTORS:AMOUNTS FALLING DUK W|ITHIN ONE YEAR||
|---|---|---|
||2023|2022|
|Other debtors|16,346|11,619|
|Prepaymenls|8,522|5,002|
||24,868|16,621|
##
##
##
|CREDITORS: AMOUNTS FALLING DUE WITHI|N ONE YEAR||
|---|---|---|
||2023|2022|
|Social security and other taxes|10,485|9,231|
|Other creditors|8,874|3,447|
|Deferred income|15,000||
|Accrued expenses|13,168|4,668|
||47,527|17,346|
##
|ANALYSIS OFNET ASSET|SBETWEEN FUNDS||||
|---|---|---|---|---|
||||2023|2022|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|fllllds|
|Fixed assets|4,528||4,528|5,517|
|Current assets|582,993|14,014|597,007|510,399|
|Gnrent liabilities|(47,527)||(47,527)|(17,346)|
||539,994|14,014|554,008|498,570|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|General fund||208,336|(146,100)|62,236|
|Restricted funds|||||
|Financial Advice Support|Service|100,000|(100,593)|(593)|
|Help to Claim||166,741|(168,466)|(1,725)|
|Advice Link Community|Focus|171,516|(172,349)|(833)|
|Advice Link Specialist Debt and Other||104,063|(106,742)|(2,679)|
|Claim What's Yours||36,000|(36,437)|(437)|
|Warmer Wales II||31,600|(31,753)|(153)|
|Food Bank Partnership||22,500|(22,696)|(196)|
|BasicIncome Pilot||26,408|(26,590)|(182)|
|Energy Advice Program||5,200|(5,200)||
|||664,028|(670,826)|(6,798)|
|TOTAL FUNDS||872,364|(816,926)|55,438|
##
##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At I/4/21|in funds|funds|31/3/22|
|Unrestricted
funds|||||||
|General fund|||306,168|66,447|13,252|385,867|
|Staffing Contingency|||36,663|||36,663|
|Preiuises Reserve|||48,000||(24,000)|24,000|
|Capital Equipment|||9,000|||9,000|
|Service sustainability|dt development||||||
|fund|||29,026|||29,026|
||||428,857|66,447|(10,748)|484,556|
|Restricted funds|||||||
|British Gas - Wanner|Wales|||(913)|913||
|Financial Advice Support Service||||(951)|951||
|Help to Claim||||(4,827)|4,827||
|Money Advice Service Debt Advice|||||||
|Project Redundancy|||5,042|||5,042|
|Advice Link Community||Focus||(2,053)|2,053||
|Advice Link Specialist|Debt and Other|||(1,774)|1,774||
|BEISHelping More People|||10,251|(10,236)||15|
|Meeting More People|||16|(16)|||
|Community
Foundation||Wales|953|(953)|||
|Domestic Violence|||9,093|(136)||8,957|
|Building Debt Capacity|||891|(1,055)|164||
|Employment
Upskilling|||9,433|(9,437)|4||
|Carers Project||||(16)|16||
|Claim What's Yours||||(I)|I||
|Public Health Wales||||(45)|45||
||||35,679|(32,413)|10,748|14,014|
|TOTAL FUNDS|||464,536|34,034||498,570|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|General fund||193,470|(127,023)|66,447|
|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|164,919|(166,972)|(2,053)|
|Advice Link Specialist Debt and Other
BEISHelping More People||100,139|(101,913)
(10,236)|(1,774)
(10,236)|
|Meeting More People|||(16)|(16)|
|Community
Foundation|Wales||(953)|(953)|
|Domestic Violence||28,000|(28,136)|(136)|
|Building Debt Capacity|||(1,055)|(1,055)|
|Employment
Upskiging||9,833|(19,270)|(9,437)|
|Carers Project||10,000|(10,016)|(16)|
|Claim What's Yours||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|
##
##
##
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##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Amounts|due|within|12|months|24,000|27,141|
##
|||Detailed Statement ofFinancial Activitie|||
|---|---|---|---|---|
|||for the Year Ended 31March 2023|||
||||2023|2022|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations||||320|
|Investment
income|||||
|Deposit account interest|||3,366|1,889|
|Charitable
activities|||||
|Grants|||868,998|738,853|
|Total incoming resources|||872,364|741,062|
|Other trading activities|||||
|Fund raising wages|||4,981|4,545|
|Charitable
activities|||||
|Statf costs|||507,895|379,030|
|Rent, water and premises|levy||24,249|24,230|
|Insurance|||4,240|4,028|
|Light and heat|||13,810|5,703|
|Telephone &communications|||10,692|9,083|
|Printing, postage &stationery|||4,117|3,916|
|Advertising||||30|
|Stafftravel|||393||
|Staff and volunteer
training|||8,392|8,567|
|Statf recruitment|||1,712|2,779|
|Subsistence and refieshments|||3,850|2,339|
|Other staff expenses|||58|545|
|Premises cleaning, repairs|and|maintenance|4,273|5,278|
|Reference materials etc.|||11,750|9,142|
|Office ITand consultancy|||17,402|14/14|
|Office equipment|||21,950|22,37I|
|Other office expenses||||900|
|Translation
services|||1,174|1,091|
|Depreciation oftangible fixed||assets|5,447|4,944|
||||641,404|498,190|
##
|||Detailed Statement of
for the Year Ended|Financial Activities
31March 2023||
|---|---|---|---|---|
||||2023|2022|
|Support costs|||||
|Human resources|||||
|Staffcosts|||163,963|199,433|
|Governance|costs||||
|Independent|examiner|fee|3,630|3,300|
|Professional|fees||2,740|1,310|
|Bank charges|||28||
|Sundry|||45|250|
|Trustee development||costs|80||
|Trustee subscriptions|||55||
||||6,578|4,860|
|Total resources|expended||816,926|707,028|
|Net income|||55,438|34,034|