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2023-12-31-accounts

Charity registration number 1192980

Company registration number CE024506 (England and Wales)

PWRPAS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

PWRPAS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Julian Hughes Melanie Whitley (Appointed 31 October 2023) Victor Walsh (Appointed 31 October 2023) Charity number 1192980 Company number CE024506 Registered office Unit 4 Pinfold Lane Llay Industrial Estate South Llay Wrexham LL12 0PX Accountants Xeinadin North West Ltd St Andrews House Yale Business Village Ellice Way Wrexham LL13 7YL

PWRPAS

CONTENTS

Page
Trustees report 1 - 3
Accountants' report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 9

PWRPAS

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

This report outlines the ongoing efforts and achievements of Pwrpas in 2023 as we continue to work towards our mission of supporting the mental health of men in Wrexham and surrounding areas.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charitable purposes of the charity are to preserve and protect the physical and mental health of men residing in Wrexham and surrounding areas by:

To further our charitable purposes for public benefit, we carried out the following activities:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The main achievements of Pwrpas this year were:

PWRPAS

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Website and Social Media Reach

Website Insights:

Social Media Performance:

Sponsorship

In an attempt to continue to raise awareness, Pwrpas sponsored events in male dominated areas on new platforms such as YouTube. This included Shine Automotive, Baxden Car Breakers and Rory Hinckly Racing to take part in the 2023 Total Karting Zero and CLUB100 championships.

Financial review

2023 was the third year that the charity received donations. These were from:

AN Richards Ltd £200.00, JM Cooke £782.50, Mindful Training £910.88, Europe Core £5.00, AJ Mullock £1,764.00, Europe Core £8.41, Just Giving £428.20.

The donations totalled £4,098.20.

The trustees have read the Commission’s Public Benefit requirement statutory guidance, and have had regard to this when running the charity.

A review of the charity’s financial position at the end of the year:

In the financial year from 2022 to 2023. The Charity had an income of £4,099 and an expenditure of £1,500.

There are no funds held by the charity that are materially in deficit.

Structure, governance and management

The Charity was formed in January 2021. The Charity is governed by a Constitution.

The Charity is constituted as a Charitable Incorporated Organisation.

PWRPAS

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Julian Hughes Melanie Whitley (Appointed 31 October 2023) Victor Walsh (Appointed 31 October 2023) Elizabeth Rowlands (Resigned 1 November 2023)

Recruitment and appointment of new trustees.

As is set of in the Constitution. Every new trustee must be appointed by a resolution at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

The Trustees report was approved by the Board of Trustees.

Julian Hughes Chair

13 February 2025

PWRPAS

ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PWRPAS FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pwrpas for the year ended 31 December 2023, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pwrpas and state those matters that we have agreed to state to the charity's trustees, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pwrpas and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that Pwrpas has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Pwrpas. You consider that Pwrpas is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of Pwrpas. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin North West Ltd

13 February 2025

Xeinadin

St Andrews House Yale Business Village Ellice Way Wrexham LL13 7YL

PWRPAS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Donations and legacies 2 4,099 7,096
Total income 4,099 7,096
Expenditure on:
Charitable activities 3 1,500 4,084
Total expenditure 1,500 4,084
Net income and movement in funds 2,599 3,012
Reconciliation of funds:
Fund balances at 1 January 2023 3,012 -
Fund balances at 31 December 2023 5,611 3,012

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

PWRPAS

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
Current assets
Cash at bank and in hand
Net current assets
Net assets excluding pension liability
The funds of the charity
Unrestricted funds		 2023
£
5,611		 £
5,611
5,611
5,611
5,611		 2022
£
3,012		 £
3,012
3,012
3,012
3,012

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 13 February 2025

Julian Hughes

Chair

Company registration number CE024506 (England and Wales)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

PWRPAS

1 Accounting policies

Charity information

Pwrpas was registered as a charitable incorporated organisation on 1 January 2021 and is governed by its constitution and registered with the Charity Commission under charity number 1192980. The charity’s principal office address is Unit 4, Pinfold Lane, Llay Industrial Estate South, Llay, Wrexham, LL12 0PX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity receives the income.

Cash and other donations are recognised on receipt.

Grant income is recognised on receipt.

1.5 Expenditure

Expenditure is recognised on payment.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PWRPAS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

2 Income from donations and legacies
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts 4,099 7,096
3 Expenditure on charitable activities
Charitable Charitable
activities activities
2023 2022
£ £
Direct costs
Office equipment - 534
Stationery - 14
Accommodation and meals - 215
Advertising and promotions - 1,704
Consultancy fees - 1,617
Sponsorship 1,500 -
1,500 4,084
Analysis by fund
Unrestricted funds 1,500 4,084
4 Net movement in funds 2023 2022
£ £
The net movement in funds is stated after charging/(crediting):

5 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

6 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

PWRPAS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources At 31
2023 resources expended December
2023
£ £ £ £
General funds 3,012 4,099 (1,500) 5,611
Previous year: At 1 January Incoming Resources At 31
2022 resources expended December
2022
£ £ £ £
General funds - 7,096 (4,084) 3,012

8 Related party transactions

There were no disclosable related party transactions during the year.