Financial Statements Year Ended 31 March 2013

Charles Brotherton – Director of Corporate Services8 July 2013

Accounts Highlights (1)

• Overall deficit (£48,000)

• Investment in Office move and ICT (£51,000)

• Spending previously received restricted monies (£11,000)

• Operating surplus (£14,000)

Accounts Highlights (2)

• Total reserves £272,000 (down £48,000)

• Designated reserves £226,000 (down £46,000)– Designated reserve £156,000– Office move £24,000– ICT investment £23,000– Handypersons £15,000– Beneficiary £8,000

• General reserves £46,000– This is mostly invested in fixed assets; vans and fittings in the

office

Where the money comes from

54%

34%

4%

5%4%

Welsh GovernmentPowys County CouncilMid-Wales HAIndependent Living GrantPAVOOther

How the money is spent

54%

7%

5%

3%

5%

2%

0%3%

18%

3%

Salaries costsTravel and other staff costsRent and ratesOther officeAministrative costsDepreciationHardship FundsOffice moveRRAPHandy person and direct works

Income and expenditure 5 year summary

2009 2010 2011 2012 2013 20140

100000

200000

300000

400000

500000

600000

700000

800000

900000

TurnoverOperating costs

Future

Challenges• Traditional sources of income at best the same as

previous year• Costs increasingResponses• Restructured to enable more to be done with staff

resource• Aim to do more RRAP work with own Handypersons• Seek new sources of income

Any Questions ?