Financial Statements Year Ended
31 March 2013
Charles Brotherton – Director of Corporate Services
8 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
4%
5%
4%
Welsh Government
Powys County Council
Mid-Wales HA
Independent Living Grant
54%
34%
PAVO
Other
How the money is spent
3%
18%
Salaries costs
Travel and other staff costs
Rent and rates
Other office
3%
0%
Aministrative costs
2%
Depreciation
5%
54%
Hardship Funds
Office move
3%
RRAP
Handy person and direct works
5%
7%
Income and expenditure
5 year summary
900000
800000
700000
600000
500000
Turnover
Operating costs
400000
300000
200000
100000
0
2009
2010
2011
2012
2013
2014
Future
Challenges
• Traditional sources of income at best the same as
previous year
• Costs increasing
Responses
• 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 ?