2024-03-31-accounts

REGISTERED COMPANI, N1[￿]BER. 112614714 {Eiiglaiid aiid INales) REGISTERED CHARITI. 1NLI￿lBER. 1004132 IiEPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEfvIENTS FOR THE YEAR ENDED 31 ST MARCH ?0?4 FOR GROUNDWORK NORTH WALES

GROUNDWORK NORTH WALES CONTENTS OF THE FINANCIAL sTATE￿￿NTs FOR THE YEAR ENDED 31 ST MARCH ?0?4 Page Report of the Trustees I to 14 Report of the Independent Auditors 15to 17 Statement of Financial Activities 18 Balance Sheet 191020 Consolidated Cash Flow Statement 21 Note5 to the Financial Statements 22to34

GROLINDIW'ORIk NORTH II'ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST MARCH 2024 Report of the Trustees The Iru51ees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with Ihc fiiiancial slalemenls of the ¢harity for the year ended 31 sl March 20?4. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.- Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective l January 20151. Name of Charity The name of the charity is Groundwork North Wales (GWNW). It is referred lo in this report as"The Trust" GWNW wholly own5 two subsidiary trusts (also companies limited by guarantee). Refurbs Flinlshirc and Wild Ground. Together the three trusts are referred lo in this report as the GWNW Group of Trusts or the Group. GWNW is a memberof the Federation of Groundwork Trusts. The use ofthe word"Groundwork" is used as a collective lemi lo describe Ilie Federation and the member Groundwork Trusts. Objectives And Activities Groiindwoi'k North Wales's charitable objectives are set down in our Memorandiim and Articles of Association and dale from Ilie interpretation of charitable activities when they were drafted in 1991 as amended al annual general meetings and by written resolution. To promote the ¢oiiservalion, protection and improvcmenl of the physical aiid natural environment including that which is of cducational or scientific interest lo the general public or within wliich the wildlife is in nced of protection and including the itnprovemenl and maintenance of public parks. To advance public education in environmental matters and in all matters ¢oncerning wildlife and nature conservation, in the ways of better conserving, protecting and improving the samc where50ever. To conserve and protect the physical and natural environment by promotion of sustainable waste management practices in accordance with the best practicable environmental option. The promotion for the benefit of the public of urban or rural regeneration of areas in social or economic deprivation, by relieving poverty or financial hardship through improving the employability of disadvantaged individuals through the provision of work placement, affordable childcare, training and volunteering opportunilics, the provision of quality affordable furniture and household goods. the provision of items such a5 food and energy efficiency measures and energy efficiency advice. To provide facilities for recreation and other leisure-time occupation in the interests of social welfare with the object of improving the Conditions of life for tlie persons for whotn they are intended. To advance cultural well_being through people's engagement with the arts and the nation'5 built and natural heritage. Our Strktegic Objectives Groundwork North Wales as a charity works to Iransfonn lives in di5advanlaged communili¢s. Our team help people to carry out hundreds of projects each year. We do this by tackling climate chaiige,. helping people out of fuel and fumilure poverty. bringin¥ out the best in young people by helping them lo improve tlieir local area; building stronger communities by improving green space aiid conserving the natural environment. getting people back into work and supporting them lo gain skills and qualifications. Page I

GROUNDIIYORK NORTH KVALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST ￿[ARCH ?0?4 As an organisalion Groundwork Nortli Wale.4 is committed lo iillproving the social. economic, environinenlal, and cultiir21 ￿'elIbeing of Wales. Focusing our aetivilies ivhere ive can make the most difterence, our dii'erse range of programmes aiid activities enable our teain lo respond lo Ilie changing need4 of our communitie.4, helping them create the Wales they want lo live in, now and in the future. Our day-to-day operations and Olir strategic objectives are aligned to the Grouiidwork Federation's 2023-28 strategy lo.. Help people improve their prospectS-increa5ing confidence, skills, wellbeing, aiid employability, and helping those out of work to find jobs in the green economy, Help people create better places making communities greener, healiliier aiid better prepared for the future and enabling people lo work together to bring about change in their local area. Help people protect the planet supporting people and businesses to reduce their carbon footprint. ¢ul waste, and take practical action lo combat climate change. Our Business Plan Objective5 for the year 2023-24 Our overriding business plan Ihcme was for our group of charities to remain financially viable, and lo sustain our 2bility to deliver our activities in line with our charitable objective5 while making the tn051 of opportunities to undertake new initiatives and lo achieve growth so as lo eonlribute to the economic, social, environmental and cultural wellbeing of Ilie comrnunities of North Wales. With mentoring support from Piloilighi during the year we developed a strategic business plan for 2024-27, the first key component of which was lo build our financial management capacity and support systems lo ensure we make sound decisions in the conduct of our business. Our business plan priorities were to continue lo.. Develop a business model that will prepare the organisation for the potential withdrawal of core funding, Build on the work we have done lo position the organisation as a national training provider and to grow both in demand and geographically, crease our capability lo deliver by investment in our people and volunlccrs, Further embed our joint management structure lo drive more cost effective and efficient ways of working without redueing the quality of our service offer, and Enhanee existing and develop new relationships with partners, funders, and businesses. Access to new improved financial management information enabled us lo start lo make business changes and enhancements lo ensure a more cost effective and sustainable delivery of our priorities and the continuing viability of the GWtIW Group. Overview of Activities The health aiid safety of our staff, volunteer5 and the individuals and communities we serve continued lo be uppem)osl throughout the period. It was a year of great challenge for all with the continuing contlicts in the Ukrainc and Middle East, high inflation fuelling the eosl-of_living crisis and gencral economic inslabilily. A5 much as ever before we were conscious of the part ie should play in helping our communities lo copc. Page 2

GROLryDW'ORIk N'ORTH II'ALES REPORT OF THE TRUSTEES FOR THE YE.AR ENDED J I ST NIARCH 2024 Our passion for enua(Fing people wilh the natural environment and supporting them lo think about th¢ir environmental impac15 lia5 alway.s been the golden thread tlial runs through our activitie5 on the ground. This last l ? months has been no different and we have delivered a varied and diverse range of activities and pi'ojects across North Wales accordingly. Our pi'ogranitne areas ¢oi)liniie lo aligii with Welsh Goveniment's key ivellbeing drivers with links to Social, Economic, Environmental ai)d Cultural Wellbeing. We also made the lime to take stock of the way in whieh we operate as an organisation. With mentoring support from Piloilight we engaged in a programme of strategic refreshment resulting in the development of a strategic business plan 2024-27, a new sel of organisational values and behaviours, a significantly enhanced financial management capability, and a sel of governance improvements leading to a blueprint for board development and succes5iOti. During the year our achievements were recognised formally by the successcs we achieved in a range of award nominations. Our business activity and project highlights this year are set out below. GROUNDIVORK NORTH WALES Energy Saving With the cost of energy adding to the cost-of-living ¢risis and fuel poverty increasing commensurately, this area of our business has grown significantly in importance. Our Local Energy Saving Partnership (LEAP) Scheme continued lo provide support and guidance for managing household energy consumption within the Wrexhatn and Flintshire counties. Each home visit is tailored lo the needs of the household, providing them with easy measures for reducing their energy consumption, keeping them wami, reducing their energy bills, and offering advice on ways of becotning more energy efficicnl. The key metrics for the year were.. 181 home visits. 2,036 easy mcasures installed. Combined annual energy savings of £54,433. 248 onward referrals (insulation, priority services register, income maximisation). 31,898kgs C02 reduced. Our Energy Outreach project flinded by Citizen5' Advice Bureau 15 an outreach only energy advice programme with the aim of creating an entry point for undcrrepresenled communities to accef £ energy advice and other citizen advice services. The largel of reaching 200 residents in Wrexham and Flinlshire in the six months from October 2023 was subslanlially achieved. Training The training wing of our business has gone from Strength lo streiigtli with annual incomc increasing lo over £600k from the £440k secured iii 2022-23. li has delivered over 3200 qualificalioiis as well as a healthy financial contribution after deducting salary and other direct costs which ha5 been reinvested into funding our cliaritable objects for the benefit of local communilics and the environtnent. In 2023 we were successfully reappointed as a lead provider for Adult Community Learning Wrexham and Flinlshire and this area of oui. training business has seen significaiit growth, accounting for over 40 /0 of total annual income. Over the past two years we have supported over 1.800 learners under the scheme. Page 3

GROLINDIVORK NORTH II'ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED J I ST MARCI.1 ?094 Caffi Cyne, ￿y￿ Waters and Buckley It was a challenging year for our cafes. While they continued very successfully to deliver our social and environmental objectives and were greatly valued by the communities they serve, our enhanced financial management revealed that they were operating al a loss and in need of remedial action lo ensure their future viability. Appropriate measures were initiated iii the filial monilis of the year and ￿.1￿[ be fully implemeiil¢d for 2024-?i through a coinbination of restructuring, tighter shitl management and staff utilisalion, price adjustments, and (in the case of Buckley) rebalancing the use and opening times. We are now confident of their long-lerni operational viability. Unfortunately, wc had to close our Wellbeing Hub in Wrexham within a few months of ils opening to stem future losses. Our Lunch & Company events continued monthly throughout the year enabling participants lo socialise, meet new people and enjoy a meal wilh entertainment and activities. The lunches are aimed al individuals who are over 55 and have feli isolated. Clywedog Valley Partnership The Clywedog Valley Partncr5hip is coordinated by GWNW and plans to rcvilalise Ihc heritage assets of the Clywedog Valley for the benefit of the local community and visitors. During the year we secured a major grant from Heritage Lottery which will enable us to progress tl)e Partnership's ttinbitious plaiis, by eoiidueling feasibiliry studies for a series of linked heritage buildings and natural siles along the Clywedog Valley and developing detailed plans to SUPPOrt our next major funding bid lo HLF. In the longer term Iliis will benefit local people through opportunities for volunteering, education and training, wellbeing, and enjoyment, as well as supporting the local economy by altracling visitors from further afield. As part of the overall vision for the Clywedoo Valley we have giveii focus to the heritage sites at King's Mill and Nanl Mi11-__as well as the Minera Lead Mines & Country Park which was showcased in the 2022-23 Annual Report. Ive have aetively SLlPPOrted the community. group5 at both King's Mill and Nanl Mill, enabling them lo be registered with Conipanies House as commiinity trLlSts, and, in Ilie case of Kii)g's Mill to be registered a5 a charity with the Charity Commission, with intentions lo do the same for Nant Mill. We will continue to provide 5UPPOrt lo both trusts with governance and fundraising as they become more established. Community Rgii Partnerships (CRPS) It was another busy year for 3 Counties Connected {3CC), the commuiiity rail partnership for the Chester-Shrewsbury- Crewe line. It is hosted by GWNW working closely with the Community Rail Network and Transport for Wales, while other partners and interests are repre.sented on the steering group. The partnership aims lo connect commllnitie5 With their local train stations and lo promote sustainable travel. 20?3-?4 has been the second full year with GWNW as host and has delivered a wide range of projects and activities which have brought local communitie5 together lo deliver green inilialives and encourage sustainable travel, while supporting social and economic wellbeing. In the light of GWNW'S success as host of 3CC, during the year Transport for Wales invited us to apply to host a further CRP along the North Wales coast-conwy Valley and North Wales Coast CRP. Although il is early days, an energetic stan has been made and a full programme is planned for 2024-25. The CRP was shortlisted in two categories at the Community Rail Network Awards in March.. Involving Children and Young People-spon50red by LNER, and Influencing PosiliK'e Change and Suslainabilily sponsored by RSSB. Our Back Yard Project The Our Back Yard project, which ha5 been running since 2018, concluded at the end of Oetober. The project continued Page 4

GROUNIDWORIk Ni ORTH IIIALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST MARCH 2024 lo run twice weekly sessions and education acliiiilies iviih local schools. A full summer events programme was held with over 300 people attending the Quay Nature Club se.ssions ai Wepre Park. The project has e%labli5hed a commiiied group of volunteers, wlio continue lo improve the gi'een spaces and habitats across Connah's Quay. The volunteers have been offered training in mental health first aid, confidence building, and small tools use alongside infornial training durino sessions. At the conclusion of the project minor capital works were carried out lo siles and an education pack was produced for local schools. We will endeavour lo sustain and relain the volunteers Ilirough new projects and ongoing work on the Wild Ground nature reserves in the area. Safer Streets The project was funded by the Home Office and undertaken in partnership with the Community Cohesion Team al Wrexliam Council. Its aitn wa5 to work with groups or individuals who had been identi fied as being involved or al risk of becoming involved in anti-social behaviour. Most were on part limelablcs or in speciali51 behavioural units or classes within schools, and some had beei) involved with the police or Youth Justice. The project started in January 2023 and rinislied in December 2023. We aimed to work with five school groups in Wrexham for ten sessions each anticipating working with up lo ten pupils per group. In the event we engaged with over thirty young people. We experienced some behavioural issue8 within a couple of Ilie groups, bul addressed and resolved them. Each school we worked with were very positive about the project and remarked upon the differcnee in the pupilb who were engaged. WILD GROUND Newt Networks In early 2023 we were delighted to be awarded £?50k funding by the Nature Networks Fund (a Welsh Govemment grant programme delivered by the National Lottery Development Fund) to SUPPOrt our Newt Network5 progratnTne which started on I st April 2023 and will extend over three years. By working in partnership and involving communities the prog'atllme aims lo increase the resilience of the network of all our protected sltes in Northeast Wales. The Wild Ground team are engaging with local communities, schools, and volunteers with the aim of making our sile habilals more resilient and increasing nature connectivity. A wide range of enjoyable, accessible engagement activities to suit varied inleresls, abilities and access needs are being delivered. The programme also includes capital investment in sites to deliver habitat improvement, especially for greal crested newts, and support partner neighbouring siles to improve conneclivily. tn the winter months capital works were dclivercd at Maes y Giug (pond creation), Knowle Hill (pond restoralioii, scrub management, and fencing), Spon Green (pond resloralion), and Glascoed (pond resloralion). All the capital works were designed lo improve and expand suitable habitats for newts on the sites. Woodland Wellness Funded by Landfill Tax grant secured in 2022-23, thi5 project has focused on woodland improvements at our Broughion, Knowle Hill and Maes y Grug reserves. The project has engaged volunteers lo carry out woodland management. Volunteers have supported staff with tree planting, hedge laying and woodland thinning. Monthly wellbeing events havc bcen held, including walks, bushcraft, and craft sessions. The project concluded in November 2023. Rhydymii'yn Valley Nature Reserve Staff have continucd to manage and deliver the contract for this Defra owned site. The contract stipulates a range of sitc management prescriptions and survey requirements. The contract 15 managed by Defra with monthly liaison meetings. In addition lo an aiinual report, we are also required to report against KPI.s and produce survey data al regular intervals. Tlie most reccnt contract wa.s awarded in OLlobei' 2023 for one year with potential aniiual exlension5 for a further two years. The first of the annual extensions has been secured. Page 5

GROUNDIVORK NORTH M'ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST MARCH 2024 General Reserve Management General reserve management has continued across our neiwork of sites. Our teatn of reserves officers work across siles to ensure they are tnaintained safely and provide the best habitat for our range of 5UPPOrted species, The team provide a range of volunteer opportunities for local communities, deliver educatioiial sessioiis to local scliools, and organise event.s throughout the year. Work has been priorilised across all siles based on coi)Iraclual obligations, project aims and commiimenls, and safely requirements. Priority sitcs with a designatioii or linked lo a contract are maintained lo a good or excellent standard, while other siles are maintained lo a tnoderale or good staiidard. The focus olreserve management through the year included grassland management, access improvements, pond management, tree management, clearing invasive species, and infrastructure improvements such as fencing, bridge repairs and drainage. As regards sile and tree Safety, monthly safety checks have been recorded digitally using a mapping system, allowing staff to repoit issues directly via sile maps, pinpointing the localioii accuralcly. We plan lo use Ihi& systcm for tree safely checks in due course. The annual survey of great erested newts look place in April and NIay 2023 and was completed in line with contract and SSSI requirements. The survey season is a major undertaking for Wild Ground requiring staff lo work night shifts. Tlirough carcful planning we succeeded in carying out our survey obligations as well as maintaining our regular work WLih volunteers and schools and delivering oui conlraetual obligalions al our vaiious nature reseive siles. Volunteering Support from our volunteers is vital to enable u5 to carry out some of our project5, it a150 enables us to engage local people in practical conservation work which brings immediate benefits lo the local area and long-lenn benefits with increased local knowledge, enEhusiasiM and participant confidence and wellbeing. The Tnonetary valLte of this contribulioii can be used to match funding received from outside sources to maximise the benefits financially and in tertns of work cotnplcled on the grouiid. REFURBS FLINTSHIRE lain Operations The charity has continued lo collect bulky household waste and lo redistribute household goods lo lower income households at affordable prices. These redistiibuted household goods might otherwise have been discarded as wa5tc to landfill. Refurbs has also continued to deliver cleaning and clearance services for Flinlshire County Council's (FCC) void pi-opcrtle5. Our sofa deconstruction offering continued lo show th¢ value of partncrship working alongside Flintshire County Council. There has becn an increase in the number of sofas included in the bulky collection and those which could not be recycled were channelled lo the Oakenholt site where the 50fa deconstruction team are based. Lcgal rcstrictions relating to the use and presence in upholstered domestic sealing of persislenl organic pollulanls (POPS) which apply in England are yel lo be implemeiited in Wales. This could have serious implications for operations and associated costs al Refurbs, in particular bulky waste and sofa deconslruclion. A watching brief is being maintained. Acros5 the GWNW Group Ihe accuracy of financial information and quality of financial management has improved. In the ca5c of Refurbs thi5 has enabled a more forensic and commercial uiiderstanding of the costs and viability of the different areas of business and will help inforni the renegolialion of. and relendering for. contracts in 2024-25 and future years. Page 6

GROLNDIVORK NORTH IVALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST MARCH 2024 Buckley Repair and Reuse Centre with Community Cafe The successful eslablishmenl and early months of operation of the centre and cafe, which are in the ownership of Refurbs, were heralded in the 20?1-22 and 20?2-23 annual trustees report. The centre has become a focal point for the local community and great relationships have been formed. The centre continues to fulfil ils objective of piomolinu education and behavioural cliaiige on waste and recycling inilialives, a5 well as providing volunteering opportunities for local people. An extensive programme of repair, recycling, and upcycling workshops and sessions has been run successfully throughout the year. The café complements the centre and provides the opportunity for quiet enjoytnellt and social inleraetion. However, with our improved understanding of the financial dimension of the business. il became clear that the Buckley e%lablishmenl, in particular the café, was running at a lo%s. To ensure its future viability and suslainabilily il w necessary lo implement appropriate remedial measures including changing staffing arrangements and revising the us¢ of the sile lo operate three days a5 a cafe and three days as a centre for projects. The situation will be kept under revieiv and further revised as necessary, bul we are eonfidenl that thing5 are moving in the right direction. Community Fridge Flint Grant funding has enabled us lo continue our waste food subscription whieh as well as easing the food poverty challenge in the community, benefits the natural environment by reducing food waste disposals to landfill and ¢onsequeDI greenhouse ga5 ¢mi5sions. In April 2023 we were awarded a grant from the Landfill Disposa15 Tax Fund for the period April 2023 until March 2025, with this we have been able lo maintain and improve our community tridge service al the Refurbs sile in Flint. The WG Landfill funding is delivering a project called Making Food Go Furthcr, with the aim of reaching 250 residents of Flinlshire County aiid reduciiig food waste (and addressing food poverty) through running.. educational community sessions on how to tnake best use of surplus food and the differences between best- before-use by awareness-raising campaigns, and ommunity food drives lo ¢ollecl unwanted store cupboard essentials for our community fridge which would oihenvise go to waste. The project ha5 funding for a part-time coordinator to deliver the service and drive more waste food into the fridge as well as educate and infomi the community about using surplus food sources. Another objective has been lo bring volunteers on board with a view to developing the community fridge into a volunleer-led hub within the community- At present we have 3 volunteers supporting thc service weekly. Woodshed For most of the year our Woodshed project has continued with a minimum of 15 adults atleiiding each weck and a constant slreain of inlcrcst and refeiials coTniiig through. More than cvcr before our cotnmunilies need projects like this lo lift them out of the doom and gloom going on in their daily lives. All money made from sales of items has gone back into this prograrnme, which has brought a mu¢h_needed lifeline for most of the volunteers who have attended. A donation of £500 from Gallagher Insurance (GWNW Group's insLirers) fLinded new equipment, which significantly improved produclivily. Volunteering in W&les With funding of £l1.5k brought forward from 2022-23, this project continued to deliver volunteering opportunities, with the primary focus being for 16-24-year-old refugees who have recently resettled in North Wales. Not all the volunteers were refugees- some were young people just generally struggling with mental health. Overall, we engaged with 30 young peoplc all cxperiencing different challenges. The project offered a range of activities that provided personal and emotional support lo build confidence and knowledge lo support resettlement and resilience. Page 7

GROUNDNI'ORIk NORTH II'ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST MARCFI 2024 Swap Shop In November 20?3 we secured £IOk of funding from Lottery Community Fund. This funding was for the creation of a clothing and accessories swap shop to be bascd at our Buckley Rcpair and Reus¢ c¢nlre. The project provides the community with an opportunity to come together, share and recycle items of clothing. Encouraging and increasing the lifespan of clotliing in tliis ￿'aY deci'ease5 the amount of clothes going to landfill and helps people and famili¢s savc money by swapping items of clothing. Estate of Peter Jones Legac We are indebted to ihe Eslale of the late Peter Jones for two generous legacy donations amounting lo £35k and will ensure that the sum is used in accordance with their expressed wishes foi the purpose ol residents in Flint to benefit frotn rceyeled items, especially bicyclc rccycling. We are now using Iliis funding lo support our Bikc Shcd and offering recycled bikes at affordable prices and in 2024 will be offeriiig maintenance courses for local people lo come and leam new skills and receive a recycled bike. PROGRthIME OF BUSINESS IMPROVEIWIENTS We were privileged to lake part in a business improvement programme with mentoring support from Pilotlight, the costs of which werc generously funded by the Gatfield We51on Foundation. Over a12-monih period we engaged in a process of fundamental self-reflection with guidance from four Pilotlighi experts and an assigned project manager. The key outcotTiCS from thc programme were.. A strategi¢ plan 2024-27. A strengthened financial manigement capacity with insightful and reliable financial information. including forecasts. A revised set of organisational values and behaviours. Govemance improvements, including a skillg audit of the board, leading to a blueprint for board development and succession. An improved understanding of the commercial aspects ofthe bu5ines5, enabling clarity on pricing, profitability, and viability. While the programme concluded formally with a final progress review with the Pilot lighters in April 2024, the benefi15 continue, and further work is planned to build on the above outcomes as well as lo make progress with the one missed goal of the Senior Leadership Team being clear on monthly priorities and ensuring that capacity is shared accordingly, underpinned by a decision-making matrix. RECOGNITION The GWNW Group was included for tlie fourth coiisecutive year in the SEI 00 ranking of the top l 00 social enterpri5¢5 in the UK achieving finalist status in three award categories-climale, Impact and Leader of the Year. GWNW was winner of the Made a Difference award al the Wesl Cheshire and North Wales Chamber Awards 2023, while Rcfurbs Flintshire wa5 short-listed by the Reuse Network for Reuse Organisation of the Year 20?3. We are immensely proud of our Chief Executive, Karen Balmer. for winning the Environmental Champion award al the WISE 100 20?4 awards ceremony. Page 8

GROUNDIVORk NORTH W'ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED J I ST M.4RCH ?0?4 Group Performance Measures People Green Doctor visits Numbcr of Volunteers People supported {cost of livinu crisi5) Formal Qualifications Gained Places People engaged in outdoor activities Area of land Inainlainedlimproved Community clean-ups Woodlands improved Planet River Improvement Projects Trees planted Diversion of waste from laiidfill Environmental Quality Projects 181 106 3407 3244 5058 200,000 m2 18 14 45 803 tonnes 71 Finantial Review The Trust assesses ils financial perfoiinance against the opening forccast budaet and monitors actual result5 on a regular and sy51ematic basis during the year. It has been another challenging year financially in the aftemiaih of the pandemic and associated restrictions and with the surge in fuel prices and Ilie general rate of iiiflation while cotnp¢tition for limited resoui'ces wiihiii the sector has continued lo grow, as our core funding support has come under increasing pressure. We have been able to secure total income for the year of £2,674,655. The principal sources of funding were as follows.. Welsli Government Public Sector Bodies Chaiitable Trusts Private Sector Natioiial Loltcry Local Authority Housing Association £139,?83 £590,119 £350,989 £883,252 £129,789 £524,295 £56,928 Reserves Policy Reserve5 are needed lo bridge the gap between the spending and receiving of income, ie the working capital of the charity, and to cover any unplanncd eventualities. The Trustees reviewed the policy durin(F th¢ year and revised the required minimum Icvcl of unrestricted reserves lo 3 months of unrestricted expenditure with no specified upper limit. Total reserves held al 31 st March 2024 amounted lo £1,834,551. The amount held as restricted reserves amollnted to £1,404,441, with £430,110 in unrestricted resei'ves. Financial Strategy Essential coinponenl.s of our strategy are that full cost recovery is achiei'ed, that our organisalions continue lo build Iheir reserves and Ilial good cash Elows are maintained. To this end we will endeavour lo ensure we have Sufficient working capital, to cover no less than 3 months expenditure needs, by building our uiireslrieled reserves, Page 9

GROUNDII'ORK NORTH II'ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST MARCH 2024 ensure we have the right product and serpice mix between grant and non-granl funded activities to mitigate financial risk, develop our product and service offer to ensure we al le&st cover our costs and remain finan¢ially, viable. with any surpluses reinvested in the quality and reach of our delivery. Our busÉness plan for 2023-24 sought to continue to operationalise our financial strategy. Plans for Future Periods Tlie cliaritable groLlP'S plans for the forthcotniii(r 'ear are to review its activities in liiie iyith tlie charitable object5 aiid lo continue to priorilise the development of those areas wliere the greatest growth and impact on the ground can be achieved. Structure, Governance and Management Groundwork North Wales is a registered charity and company limited by guarantee as defined by the Companies Act ?006. The governing docutnenls are it.s Memorandum and Articles of Ass(>ciation, which wcre amended by Special resolution of the members of the company most recently on 6th October 202110 add.. clause 2.6 to the objec15- to advance cultural well-being through people's engagement wilh the arts and the iiation's built and natural hei'ilage, clause 2.7.. the area of beiiefil is Wales and England, a normal limit of three on the number of terms which can be served by I￿stee5, unless by exception a further extension is justified. The amendments were duly auihorised by the Charity Commission and filed with Companies House. The governing body of the trust is IES board of trustees who are also the directors of the company in accordance with the Companies Act 2006. The directors are the mernbers of the company. The board is respoiisible for slratcgic decision making and is ultimatcly responsible for the financial viability of Ilie company. It tneels a tninimum of four titne5 a year. Trustees are appointed on a three yearly basis and retire by rotation al the AGM,. retiring trustees can be rcappointed. Organisational structure and decision-making power5 The board retain5 authority for the overall strategy and policy of the Trust and approves the 5tralegie Plan as well as the annual Business Plan. The board delegates decision making powers to the Chief Executive and lo two sub-groups: the Finance and HR Sub- Group and a Risk Assurance Sub-Group. A Board trustee chairs each Sub-Group and the members are appointed by the Board. lernis of reference for the Sub-Group5 sel down their delegated authority from the board and specify limiiations on the authority for matlcrs which the Board reserves to Llself. The Finance and HR Subgroup is responsible for reviewing the management accounts, amendments to policy and matters appertaining to the remunerdtion and welfare of the trust's staff. It meets foiir times a year in behyeen the quarterly Board meetings. The Risk A5.%urance Sub-Group wa.% e%tablished during 2022-23 10 monitor and provide assurance on the GWNW Groiip's principal risks aiid siipportii)g risk management processes. The Siib-Group's reniit also includes liealtli & safety risks, policy, procedures, and perforniance. It also meets four limes a year ahead of meeliiigs of the board. Page 10

GROUNDII'ORK NORTH IV.4LES REPORT OF THE TRUSTEES FOR THE YEAR ENDED J 1ST MARCH 2024 Induction and training of new trustee5 New membcrs of tlic Board of Trustees are provided with the Charity Coinmission's giiidan¢e'. The Essential Trustee.. What you need to know- What )'ou need lo do" and a full pack of oilier li'ust docutneiits sucli as Ilie lalesl annual report and accounts, risk register aiid blisiiiess plan. New Trustees have an induction meeting with the Chiet Executive, members ol the Senior Management Team and the Cliaii. of the board of Truslces. Robert Williams resigned from the board in July 20?3, otherwise ils membership remained stable throughout 20?3-24 and no new meTnbers were appointed Relationships within the Groundivork FederAtioll The Trust is part of the Federation of Groundwork Trusts in England, Wales and Northem Ireland, each working with thcir partiiers in deprived areas to iinprove the quality of the local environment, the lives of the lo¢al pcople and the success of the local businesses. Groundwork North Wales works in partnership with ils sister trust in South Wales lo provide national coverage across Wales. Governance review A comprehensive review of the governance of Groundwork North Wales and of its two subsidiaries, Wild Ground and Refurbs Flintshire, was conducted in the Autumn of 2020 using the framework for governance rcvicws issued by Groundwork UK for use across the Federation. While the findings were generally positive. a number of improvement actions were identified which were approved by thc Board. Their implementation was completed by in 2021-2? A series of governance improvements were taken fonvard during 2023-?4 as part of the Piloilighi-supported programme lo which reference ha5 been made earlier. An important component was a self-assessmenl of the effectiveness of the Board and its two Sub-group5 leading to the delivery of a blueprint for board development and succession which will bc taken forward in 20?4-25. Public Benefit Statement Our charitable objectives, as sel down in our Memorandum and Articles of Association, are presented under Objectives and Activities earlier in this report. Statemeiit of Comptiance The Trustees have referred to the Charity Commission's general guidance on public benefit when reviewing 2022-23 activities and making plans for future periods and believc that they have complied with Ihcir duty lo have due regard to this guidance. In particular, the Trustees have considered how all the Trust's activities contribute lo ils chaiitable objectives. All of the Trust's aelivilies focus on improving the quality of life for people and the places in which thcy live - focusing on the most disadvantaged people and places in Wales and England. Identifiable Benefits In lenns of identifiable benefits, the Trust delivers projeels and programmes, manages contracts and delivers services according to its objectii'es, with the resulting benefits of safer and stronger eommunilies across North Wales, healthier and tnorc active communities, enhaiiced ( green") skills and employment opportunities for citizens, larger numbers of higher quality places for young people lo go and things for Iliem to do, and the rcductioii of carbon emissions lo hclp lo tackle elimate c11ange. The TrLlSt aims to help the public to make sustainable development a reality, respectin¥ nature's limits and 5UPPOrting the Welsh Government's commitment to future generations. Page 11

GROUNDIVORIk NIORTH II'ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST WIARCH 2024 Benefit to the Piiblic Our approacli is always to work in partnership with oihcrs frotn the publi¢, private and voluntary sectors. to add value to wider plans for maximum impact to the public. Our role in these partnersliips is usually to find ways of helping deprived, di5advanlaged, or disabled local people lo gel practically involved in decisions and actions. As such, our work is designed to address the needs of all sectioiis of the community, and we provide equal access to oui. services regardless of raee, gender, disability, or sexual orientation. Our work primarily benefits those in most need. and thanks lo the support of our funders and partiiers (such as The Welsh Government, Local Authorities and Natural Resources Wales) our services are in the main provided free lo those in need. Financial Instruments The charitable company's operations expose it to a variety of financial risks includiiig price risk, credit risk. liquidity risk and cash flow risk. The charitable company's principal financial inslrLiments comprise sterling bank accounts togeihei. with trade debtors and trade creditors that arise directly from operalioiis. Price ri5k- Price risk is managed by monitoring the market, current rates of intlalion and costing products and services in accordance with these factors. Credit risk- Credit risk is mitigated by monitoring and managing the credit limits given to our customers. Liquidity risk- Liquidity risk is managed by maintaining a balanced mix of income streams, with a limit to the number of payTn¢nls by results or in arrears payment contract5 at any one time. Cash flow risk - is managed through our credit management procedures, cash flow forecasting and negotiation of paytncnt terms where practicable. Risk fvlanagement The full Board reviews the risk register at summary level at each board meeting and keeps a regular focus on the major risks lo which the group is exposed, having regard for the risk appetite it has agreed for each ribk area. More delailcd scrutiny of the risks and progress with mitigating actions is undertaken regularly by the Risk As5urancc Subgroup with issues escalated lo the full Board by exception. The review and updating of the risk register and associated programme of mitigating actions is a routine feature of Senior Leadership Team meetings. The principal risk areas on the GWNW st Group's risk register at 31 March 2024 were: Financial income and financial sustainability Data protection and eomplianee. Safeguarding. People, leadership, and culture. Govemance and regulatory. Cyber security and ICT failure. Business continuity. RepulatiL)n. Health & safety. Page 12

GROUNDII'ORK NORTH IV,4LES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST M,IRCH ?0?4 REFERENCE AND ADL¥IINISI'IL4TIVE DETAILS Registered Company number 02614714 {England and Wales) Registered ChArity number 1004132 Registered office 3-4 Plas Power Road, Tanyfron Wrexham LLI 15SZ Trustees N Reader CBE (Chair) Retired Finance Director M Booker Retired Bank Manager R D Williams Solicitor C A Powell Environrnental Manager H Wright Retired S Overson H R Manager S Moore Retired R Taylor Eslales & Facilities Director N Said Commercial Dircctor First Elected March 2020 February 2002 June 2003 September 2004 February 2011 August 2013 April 2013 February 20?0 March 2020 RetiredlResigned July 2023 Trust Senior Management Teom Karen Balmer Chief Executive Christine Bowyer Hcad of FtR & Governance Lorna Craw5haw Head of Operations Hanna Clarke Head of Marketing Louise Stokes Head of Health & Safely and Training Richard Aram Head of Contracts & Project Delivery Judy Mitchell Head of Finance Stewart Platt Commercial Finance Manager Auditors M. D. Coxey and Co. Limited Chartered Accountants and Statutory Auditors 25 Grosvenor Road Wrexham LLI I IBT Banker5 National Westminster Bank plc 33, Lord Sireel Wrexham LLII ILP Solicitors GHP Legal Ashgrove 26-30 Grosvenor Road Wrexham LLII IBU Page 13

GROUNDIVORK NORTH ALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED J 1ST MARCH ?0?4 Statement of trustees responsibilitie5 The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affair5 of thc cliaritable company and of the incomino resources and application of resources, includinir the income and expenditure of tlic charitable company for that period. In preparing those financial stalemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent,. slate whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalemenls. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping propcr accounting re¢ords which disclose with reasonable accuracy at any lime the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the 25sets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit infortnation of which the charitable company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are awarc of that information. Auditors A resolution was passed al the AGM in November 2022 10 delegate responsibility to the Board of Trustees to appoint auditors. Report of the INstees, incorporating a strategic report, approved by order of the board of trustees, as the cotnpany directors, on 28 November 2024 and signed on the board's behalf by.. Nigel Reader CBE Chair l Trustee Page 14

REPORT OF THE INDEPENDEN'T AUDITORS TO THE MEMBERS OF GROUNDWORIi NORTH II'ALES Opinion We have aiidited tlie Iinancial statements of Groundivork Noril) Wales (the 'pareiit charitN l and its siibsidiaries Ith¢ '(Troup I ror thL }'ear Lnded 31, N,larch 20?4 i¥'hi¢h compris¢ the Statcmenl ot. l.'inancial Acti￿ltIes. tlie BIL Iwicc Shcct. the Cash Floii" Statcmcnt and notes to the liiianLial statemenis. in¢luding a summary of 5igiiificanl accounting policics. -fhc financial rcportiiig fraiiiill"oi'k that li￿ bcLli applied iii their prep￿all￿n ib upplilable law and Uniied kingdL)m A¢Lounting Siandardb (Unilcd Kingdom Generalli. ALLCPted AcLoiintin£ Practice). In our opinion the financial statemcntS-. gil'e a true and lair trieii. ol'tlit state ol tlie groLlP'S and ot the parent chai'ilable conipan), s atlairs as at 31 st March 2024 and ot its incoming resources and application OF re50urLe5, including its incomc and expenditurc. for the j.e￿ Ihcn end¢d.. have been prc)perly prepared in aLcordance ii'ith United Kinodom Generally Accepted Accounting Practice: and hai'c bLen pi'iparLd in accOrd￿)Ce ¥iith the r¢4uirementb of the CotnpaniLS ALI 2006. Basis for opinion We coiidiictcd our audit iii accoi'danLe i¥ iih Internalional Si<wdards on Auditing (UK) (ISA5 IUK}) and appliuablc laiv. Our responsibilities undei. those .%tandards are furEher described in ihe Auditurs responsibilities lor the audit ol- thc 1]n￿Cial statements scction ot our report. We are independenl ol- Ihe chariiable gTh)up in dccordan¢¢ willi the ethicdl requirements that arc rele￿allt to our audit of thc linaiicial stalements in the UK. including ihe FRC'S Fihical Standard. and Ifve hafve ful filled our other L'thical rcsponsibililies in accordance with these requirements. We belietre thai the audi( evidence ￿e have obiained is suIYILient and appropriatc to provide a basis for our opinion. C0￿cluSiONS relating to going concern In audiiing the groLlP financial Siai¢iM¢nlS, Ive have concluded that the trusteLS use of the going concern basis of accoiinting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identi lied any niaterial uncertainties rclating to events or conditions thdt. indiN'idually or collectivel),. ma). cast si.£miticant doubl on tlie ¢harital)le group cotnpany s ability lo continue as a going concern for a period of at least twelve months li'om ivhen the financial 5tat¢Tnents arc authoi'iscd for issue. Our responsibilities and the responsibilities of the trustees Ivith respect of going concern are described in the relevant sections of the rcport. Other information The trustees are rebpc)nsible tor the otlier inforn)ation. The other inlomalion LL)mprises the inlomialion included in the group annuul r¢porl, other th￿ lh¢ financial statcrncnts and our Report ol'the Ind¢pend¢nt Auditors thereon. Our opinion on the tinancial slaiemenls docs not cover the other iiifomation and. except to the extent othenvise explicitly stated in our repon. il'e do not express any fortn of assurance conclusion thereon. In connLCtion ITr ith our audit of the linancial siatetn¥nt5. our responsibility is to read the othcr information and. in doing so. considcr ivhcthci. the other infomiaiion is mai¢rially inconsistcnt I￿.1th tlie financial statcmcnts or oui. knoTh Icdgc obtained in the audit or othcThvisc appears to be materiall}' misstated. If we identify. such matLrial inconsislenciLS or appai'eni material misstatement. we are required to dLt¥rniine ivhether this giles rise lo a matcl'idl misslatenienl in the finanLial 5tat¥tnenls thetnselves. It.. bascd on the ii'ork il'e have perlom)ed. we Lonclude that there 15 a malerial misstalemenl ol- this other information. ￿.¢ arc required lo rcport that fact. We have nothing lo report in this regard. Opinions on other matter5 prescribed by the Companies Act 2006 In i)ur upinion. based on the ii.ork undertakcn iii the course ol'the audit.. the infomiation givLn in the Report ol'the Truste¢5 for the financial J'ear for ivhi¢h the finan¢ial statements are prepared is consistent ith the Iinancial statements: and thL RLPOrt ol thc Trustees has been prep￿¢￿ in a¢iurdance with applicable legal requirements. Matters on which we are required to report by exception In lioht ol'the knoii,ledgL and und¥r8tanding of the chariiabl¢ group and it5 environtnellt obtained in the course of the audit, we have not idLntified material missiatemenls in the Report of thc Trustees. WL have iioLhing lo report iii respeLI ofthL Folloii'ir)g maltLrs whLrL ihe Compl￿1(5 ALI 2006 requires us lo riport lo you if. in our opini()n- Page 15

REPORT OF THE INDEPENDEN'T .4UDITORS TO THE MEMBERS OF GROUNDII'ORIi NORTH IVALES adeciiiale accnunling recordb have no( bLYn kept or retumb adequate tor our audit have not been received Irom branches nol Vibiied b¥. u.s.. or thc finE￿claI statements al'e nol in agr¢¢menl ivith the accounting reLords and returns,. or certain disLlosures ot trustee5 remuneraiion speLifi¢d by laii" arc not tnadc- or ve have not received all the infornialion and explanations ￿.¢ require toi. oui. audit. Responsibilities of irustees As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the group charity for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees deterniine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements. Ihe trustees are responsible for assessing the groups and the parent charitable conipany s ability to contiiiiie as a going concern, disclosing. as applicable, matters related to going concern and using Ihe going concern basis of accounting unless the Iruslees either intend to liquidate the group of the pareiil charitable company or to cease operations, or have no realistic aliemalive but to do so. Our responsibilities for the audit of the financiAI statements Our objectives are to obtain reasonable assurance abolit whether the financial statements as a whole are free from material misslatetnenl, whether dlie lo fraud or em)r, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a hiuli level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delecl a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to intluence the economic decisions of users taken on the basis of these financial stalemenls. The exlenl to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compl lance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-conipliance with applicable laws and regulations,. we identified the laws and regulations applicable to the charity throuuh diSCLlSsions with trustees and managemenl we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence,. and identified lalvs and regulations were communicated within the audit team regularly and the team remained alert lo instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements lo material misstatement, including obtaining an unde￿tanding of how fraud might occur, by.. making enquiries of manaDement as to where they considered Ihere was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to miligale risks of fraud and non-eompliance with laws and regulations. To address the risk of fraud through management bias and override of contro15, we.. perfomied analytical procedures to identify any unusual or unexpected relationships: tested journal entries lo identify unusual transa¢lions,' assessed whether judgements and assumptions made in delemiining accounting estimates were indicative of potential bias,. and investigated the rationale behind significant or unusual transactions; There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are rrom financial transactions, the less likely il is that we would become aivare of non-compliance. Auditinu standards also limit the audit procedures required to identify non-coinpliance with laws and regulations lo enquiry of the trustees and other management and the inspection of regiilatory and leoal correspondence, if any. Page 16

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GROUNDII'ORK NORTH WALES Material misstatements that arise due lo fraud can be harder lo detect than those that arise from error as they may involve deliberate concealment or Collusion. A further description of our resp0115ibilities for the audit of the financial statements is located on the Financial Reporting Council's website al www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report Tliis report is Inade solely lo our charitable conipany s meinbers, as a body, in accordance with Chapter 3 of Part 16 of tlie Compaiiies Act 2006. Our audit work lias been undertaken so tliat i¥e might state to tlie charitable conipany's membei's those matters we are requii'ed to state to them in an aiidiloi's. report and for no other pui'pose. To the Fullest exlenl pemiiied by law, we do not &ccept or assiime responsibi lity to anyone other than the charitable company and the charitable eompany's metnbers as a body, for our audit work, for this report. or for the opiiiions we have formed. nne Evans (Senior Statutory Auditor) For and behalfof M. D. co.xey and Co. Limited Chartered Accountants and Statutory Auditors 25 Grosvenor Road Wrexham LLII IBT Date.. 28, November 2024 Page 17

GROUNDIN'ORK NORTH WALES CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING ,4N tNICOME AND EXPENDITLIRE ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 20?4 31.3.23 Total funds Unrestricted fund Restricted fund Total funds Notes INCOIME AND ENDOIVMENTS FROM Donations and legacies 105,998 716 106,714 1?4,014 Charitable activities Income from chariiable aetivitie5 Other trading iiieome Interest 212,386 687,802 331,536 14?,675 543,92? 830,477 713,987 722,56J 1,987 Other trading activities Subsidiar). income 924,905 266,515 1,191,4?0 1,003,066 Total 1,933.213 741,442 2.674,655 2.565,617 EXPENDITURE ON Charitable activities Salaries & waTres Overhead costs Project costs 516 994,16? 254,856 147,682 247,278 65.785 186,4?2 1.241.440 320,641 334,I04 I,211,344 246,768 389,888 Subsidiary expenditure 533,400 249,132 782,532 830,337 Total 1,930,100 748,617 2,678,717 2,678,337 NET INCOME/(EXPENDITURE) 3,113 {7,175) (4,062) (112,720) Net movement in fund5 3,113 (7,175) (4,0621 {112.720) RECOINCILIATION OF FUNDS Total fund5 brought fonvard 426,997 1,411,616 1.838,613 1,951,333 TOTAL FUNDS CARRIED FORNVARD 4JO,110 1,404,441 1,8i4,551 1,838,61J The statement of financial activities include all gains aiid losses in the year. All incoming resourees and resources e.¥pended derive from continuino activities. Page 18

GROLNDIK'ORIi NORTH IVALES CONSOLID.4TED B.4LANCE SHEET AT 3 1ST MARCH ?0?4 31..3.24 Toial funds Unrestricted fund Reslricled fund Total fuiids Note5 FIXED ASSETS Tangible assets Heritage assets 156.014 383.515 305,044 539,5?9 305,044 570,318 305.044 CIIRRENT ASSETS Stocks Debtors Investments Cash at bank and in hand 13 14 59,866 217,174 59.866 J44.249 56J,104 691,551 59,991 ?95,071 553,141 587?12 1 ?7.075 56J,104 81,821 609,730 886,770 772,000 1.658,770 1,495,415 CREDITORS Ainounts falling due within one year (541,094) (35,201) 1576,295) {446,3231 NET CURRENT ASSETS 345,676 736,799 1.082,475 1,049,092 TOTAL ASSETS LESS CURRENT LIABILI'fiES 501,690 1,425,358 1.927,048 1,924,454 Ac¢rua15 and deferred income 15 {71,580} (20,9171 (92.497) (85,84?) NET ASSETS 430,110 1404,441 1834,551 1838 61) FLINDS Unreslricled funds Restricted funds 430,110 1,404,441 426,997 1,411,616 TOTAL FUNDS 1,834,551 1,838,613 The financial statements were approved by the Board of Trustees on 28 November 2024 and were signed on its behalf by.. Nigel Reader CBE Trustee Page 19

GROUNDII'ORIk NORTH W.4LES CHARtTY BALANCE SHEET A"r 31 ST M.4RCH ?0?4 31.3.24 Total funds Unrestricted fund Restricted fund Total funds Noies FIXED ASSETS Tangible assets 105,550 4,476 110,026 107,581 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 17,974 171,789 286,024 17,974 298,864 277,584 17,334 226.014 237.333 127,075 8,440) 475,787 118,635 594,4?? 480,681 CREDITORS Amounts falling due within one year (509,640) 135,201) (544,841 } {385,772) NET CURRENT ASSETS 33.853) 83,434 49,581 94,909 TOTAL ASSETS LESS CURRENT LIABILITIES 71,697 87,910 159,607 202,490 NET ASSETS 71,697 87,910 159,607 202,490 FUNDS 17 Uiirestricled funds Restricted funds 71,697 87,910 90,0?? 112,468 TOTAL FUNDS 159,607 20? 490 The finaiicial statements were approved by the Board of Trustees on 281h November 2024 and were signed on its behalf by.. Nigel Reader CBE Trustee Page 20

CJROLNDIVORK NORTH IIIALES CONSOLIDATED CASH FLOIV STATEMENT FOR THE YEAR ENDED 31ST MARCH 20?4 31.3.24 31.3.23 Noies Cash nows from operating activities: Cash generated from operations 134.?85 139,266 Net eAsh provided by (used in) operating activities li4,285 139,266 Cosh flow5 from investing activities: Purchase of tangible fixed assets (42,867) (42,228) Sale of tangible fixed assets 7,000 275 Purchase of investments Purchase of heritage assets Enlerest received 5,921 563 Net cash provided by (used in) investing activities (29,9461 (41,390) ChAnge in cash And cAsh equivalents in the reporting period 104,3J9 97,876 CA5h and cash equivAlents at the beginning of the reporting period 587,212 489,336 Cash #nd cash equivalents 4t the end of the reporting period 691,551 587,212 RECONI CILI.4TION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net incomel(expenditure) for the reporting period (as per the statement of financial activities) Adjustments for: Depreciation charges Profit I loss on disposal Revaluation of assets Interest received Decreasel(increase) in investments Decreasel{increase) in stocks Decreasel{increa5e) in debtors (Decrease}/increase in creditors 14,062) (112,720} 67,29? {173) (463) {5,9?1) {9,9631 126 {49,1791 l36 628 59,507 {563} 46,859 115,365} 115,889 45,659 Nel cash provided by (used in) operating activities 134,285 139,266 Page 21

GROUNDiifoRK NORTH IVALES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH ?0?4 ACCOUNTING POLICIES Basis of prepariiig the financial statements The fiiianeial statements of the consolidated charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accountino and Reporting by Charities.. Statement of Recommended Practice applie8ble to ¢harities preparinu their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, aftd the Companies Act ?006. The consolidated financial statements have been prepared under the historical Lost convention. The Chai'ity's functional and presentational currencies are pounds sterling. Preparation of the aecounts on # going concern basis Regular contact with the ￿nderS is maintained with the immediate future of the charity for the next twelve months secured, and on that basis the charity is a going concern. Basis of eonsolidAtion The financial 51ateinents represent the consolidated financial position of the group. This comprises Refurbs Flintshire and Wild Ground. Groundwork North Wales is the sole member of Refurbs Flinlshire and Wild Ground. The financial statements ¢annol be consolidated on a line by line due to the variation5 between the objects of each charity and therefore each subsidiary is included in total within incoming resources and resources expended. All intra-group transactions are eliminated on consolidation. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity taken advantage of the exemption afforded by section 408 of the Companies Act 2006. Income All income is recognised in the Statement of Financial Activities once the group has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants. whether'capital, grants or'revenue, grants. is recognised when the group has ettlitlement to the funds, any performance conditions attached lo the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Incotne regarding services 15 recognised as the service is provided. Income is deferred where it is received in advan¢¢ of the service being provided. Interest receivable Interest on funds held on deposit 15 included when receivable and the amounl can be reliably measured by the group. this is nomially upon notification of the interest paid or payable by the Bank. Expenditure Liabilities are recognised as expendi￿re as soon ￿ there is a legal or constructive obligation committing the group to that expenditure, it is probable that a transfer of economie benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading, they have been allocaled to activities on a basis consistent with the use of resources. Expenditure on charitable activities includes the costs undertaken to further the purposes of the group and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expendiiure was incurred. Page 22

GROUNDWORk NORTH W ALES NUI'ES I'U THE C'UNSULIDA I-ED klIN ANQ'IAL 51 A I EMEN1S- L'i)N I INUEV FOR THE YEAR ENDED 31 ST MARCH 2024 ACC011Tr4TING POLICIES- continued Allocation of support costs Support costs are those functions that assist the work of the group but do not directly undertake charitable activities. These costs have been allocated to charitable activities across each activity. Fund accounting Unrestricted fund5 can be used in accordance with the charitable objectives al the discretion of the tNstees. Restricted funds can only be used for particular restricted purposes within the objeets of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Taxation The charity is exempt from Corporation tax on ils chartlable activities. Significant judgements and estimates In the application of th¢ Company's accounting policies. niaiiagemeiil are reqiiired to make judgements, estimates and assumptions aixjut carrying values of assets and liabilities that are not readi ly available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial slalements are described below.. Estimated useful lives and residual valu¢5 of fixed assets- The carrying value of fixed asset5 are reviewed each year end for indi¢ators of impairnient triggers. Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful live5 and residual values are reviewed annually and revised as appropriate. Revisions take into a¢¢ount estimated useful lives used by other companies operating in the sector and actual assei lives and residual values, as evidenced by disposals during current and prior accounting periods. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land & buildings Specialised cycles Plant & machinery Fixtures & offiee equipment Motor vehicles Computer equipment I 00/0 on cost (down to residual value) 20/0 on cost 20D/o on cost 15U/o - 33 /0 on cost 20 /0 on cost 200/0 on cost Heritage assets The charity's accoiinting policy for ils heritage assets is to valLie at cost wliere a site has been piirchased or al fair value for donated siles. Ai present all sites have been acqiiired through Section 106 agreements with local authorities. The charity has adopted the policy under FRS I O? section 18.19 to treat the initial valuation as deemed cost. No depreciation is provided in respect of freehold land. Stock5 Stock is incurred and valued at the lower of cost or net realisable value. Donated items of stock are recognised al fair value which is the amount the group would be willing to pay for the items on the open market. Page 23

GROUNDWORli NORTH WALE5 NOTES TO THE CONSOLIDA'fED FINANCIAL STATEMENTS - CONTINUED FOI< I HE YEAR ENDED 31 S'I MARC'H ?024 ACCOUNTING POLICIES- continued Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued al Ilie amount prepaid net of any trade discounts due. Creditors and provisions Creditors and provisions are recognised wliere the chai'ity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recogni5ed at their settlement amount after allowing any trade discounts due. Pension costs and other p05t-retirement benefits The charitable company operates a defined contribution pension s¢heme. Contribution5 payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Financial instruments The charity only has financial assets and financial liabilitie5 of a kind that qualify as basic financial instruments. Basic finan¢ial instruments are initially recognised at transaction value and subsequently measured at their settleinent value. Legal status of the trust The trust is a cotnpany limited by giiarantee and has no share eapital. The charity'5 registered number and registered oftice address can be found on the Company Infomialion page. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Grants 1,714 105,000 19,014 105,000 106,714 124,014 Grants received. included in the above. are as follow5= 31.3.24 31.3.23 Welsh Government 105,000 105.000 INCOME FROM CHARITABLE ACTIVITIES 31.3.223 Activity Ineome from charitable activities Other trading in¢om¢ Interest 543,922 830,477 2.122 71J,987 722,563 1,987 1,376,521 1.438.5J7 Page 24

GROUNDWORK NORTH WALES NO'fES TO THE CONSOLIDATED FINANCIAL STA I"EMENTS - CONTINUED Fi)K IHE YEAR ENL)EL) 3151 MARLH ?024 CHARITY SUBSIDIARIES In Janiiary 2016 the charity became the sole member of Refurbs Flintshire, a charitable company, limited by guarantee and incorporated on 5, February 200? in England and Wales. The registered office is Unil 1-3, Aber Park, Aber Road, Flint, Flintshire. CH6 SEX. Company number 04i67121, charity number 109J176. The objects of the charity are'.- To relieve poverty by the provision of quality affordable fumiture and household goods to members of the local comtnunity who are in need- To coi)ducl research and collect infomalion in order to educate the community about the economic, social and environmental benefits of re-use &nd recyclin(J and the reduction of pollution and protection ofthe environment that results from these activities,. To conserve and protect the physical and natural environn)enl by tlie promotion of sustainable waste management pracliees in &ccord3nce with the best practical environmental option; To relieve unemployment by improvinu the employability of disadvanlaued individuals through the provision of work placement, training and volunteering opportunities. A summAry of the results (ineluding consolidation Adjustrnents) 15 shown below 31.3.24 31.3.23 SummAry Income and Expenditure Account: Incoming resources Intra group transactions Totgl incoming resourtes 849,392 763,533 844,685 763,533 Resources expended Intra group transactions Total resources expended (862,887) 154 734 (708,153) {800.306) (720,241) Contribution for the financial year l36,532 43,292 SuThtnary Balance Sheet: Total assets 673,160 701.425 Total liabi lities Net assets 136 824 536,336 151595 549,8JO Restricted funds carried forward Unrestricted funds carried fonvard 404,972 131,364 427,962 121,868 Page 25

GROUNDII'ORK NORTH Th'.4LES NOTES I'O THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR I'HE YEAR ENDED 3 1ST M,4RCH ?0?4 CHARITY SIIBSIDIARIES (continued) In November 2016 the charity became the sole Inember of Wild Grouiid, a charitable Company, limited by guaraniee and incorporated on 6th December1999 in England and Wales. The registered office is 3-4 Plas Power Road, Tanyfron, Wrexham, LL 11 5SZ. Company number 03889J8? charity number 10808i8. The objects of the charity are'.- To promote and assist in the preservation and conservation of land mainly in the area of benefit which is of educational and scieiilific interest to the geiieral public includino land within which the wildlife is in need of protection and including the improvement and maintenance of publ ic parks, lo educate the public in all tnatters concerning wildlife and nature conservation in urban areas. A summary of the results (ineluding consolidation adjustments) Rs shown below. 31.3.24 31.3.23 Summary Income and Expenditure Account: Incominu resources Intra group transactions Total incoming resources 366,4?8 19.693 346 73.$ 2J9,532 239 532 Resource5 expended Intra group transactions Total resources expended {30?,68?}. 19? 586 110 096 239 732 Contribution for the financiAI )'eAr 272,356 129,436 Summary Balance Sheet: Total assets Total liabilities Net ￿se15 1,251,993 113 J84 1 138.609 1,194,262 107 970 1086 ?92 Restricted funds carried forward Unrestricted funds carried fonvard 911,559 227,050 871,186 215,106 CHARITABLE ACTIVITIES COSTS Direct cost of activities Expenditure on projects eovnprised: Support costs Total 2024 Total 2023 Staff & overheads Project costs 400,900 1,562,081 334 104 1,896,185 1,458,11? 389.888 1,848.000 334 104 1,495.285 400.900 Page ?6

GROUNDNI'ORK NORTH NI'ALES NOTES TO THE CONSOLIDATED FtNANCIAL STA TEMENTS - CONTINUED FOR THE YEAR ENDED 3 1ST MARCE4 ?074 DIRECT COSTS OF CHARITABLE ACTII'ITIES 31.3.23 Staff & overhead costs Project costs 1,185,461 389,888 334,104 1,495,285 1,575,349 NET INCOMEI(EXPENDITURE) Nel incomel(expenditure) is staled after ¢harginty{crediting)'. 31.3.24 31.3.23 Depreciation owned assets Auditors, remuneration Operatino leases 67,292 8,175 79,?39 59,507 7,450 76,096 TRUSTEES, RE￿luNERATIoN AND BENEFITS There were no trustees, remuneration or other benefits within the group for the year ended 3 1st March 2024 nor for the year ended 3 1st March 2023. Tru5tee5' expenses Tru5tee5' expenses within the group amounted to £nil during the year (2023.. £nil). STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security ¢osts Other pension costs 1.416,631 117,800 1,081,583 97,699 54,266 1.605,8?4 1.2J3,548 The avera(re monthly number of employees during the year was &5 follows.. 31.3.24 35 Direct charitable Fundraising and publicity Governance Wild Ground office and manatsement Refurbs Flinlshire 38 21 25 69 77 Key management salaries in the year amounted lo £146,287 (?023'. £136,632}. Page 27

GROUNDWORK NORTH WALES NUTES I'O I HE L'ONSOLIDA I EL) klN.4NLIAL S 1'.41'EMENI"S - CONTINUED FOR THE YEAR ENDED J I ST MARCH ?0?4 STAFF COSTS- CHARITY (CONTINUED) The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was-. 31.3.24 31.3.23 £60,001 £70,000 The Staff numbers above relate to fiill time equivalents. io. SURPLUS OF PARENT CHARITY As pemiitted by seetion 408 of the Companies Act 2006, the Statement of Financial Activities of the parellt charity is not presented a5 pan of these financial statements. The parent charity's (deficit) / surplus for the financial year was (£42,883)1 (2023..1£12,798)). TANGIBLE FIXED ASSETS- GROUP Plant, fixtures & cotnputer equipment Land & buildings Specialised cycles Motor vehicles Totals COST Ai I st April 2023 Additions Disposals Revaluation 497,569 51,620 467,134 13,943 (15.294) 115,549 28,924 112,800) 1,131,872 42,867 128,094) At 31 st March 2024 497,569 51,6?0 465,783 131,673 1,146,645 DEPRECIATION At I st April 2023 Charge for year Eliminated on disposal 87,184 25,587 6,662 1,032 387.155 26,8?1 (15,757) 80.553 13,852 15,973) 561,554 67,29? 21,730) At 31 st March 2024 112.771 7.694 398?19 88,432 607.116 NET BOOK VALUE At 315t March 20?4 384,798 43,926 67,564 43,241 539,529 At 31st March 2023 410.)85 44,958 79.979 570,318 Page 28

GROUNDIVORK NORTH W ALES NOTES TO I'HE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR"I'HE YÈ.4K ENDED 31 ST M,4RCH ?0?4 TAiYGIBLE FI,KED ASSETS- CHARITY Fixtures & office equipment Land & bui Idings Specialised cycles Motor vehieles Totals COST Ai 151 April 2023 Additions Disposals Revaluation 71,567 51,620 282,062 8,607 (14,677) 49,105 454,354 18,199 {14,677) Ai 31 st March 2024 71,567 51,620 275,99? 58,697 457,876 DEPRECIATION At I st April 20?3 Charoe for year Elimination on disposal 51,795 272 6.662 1,032 239,211 12,851 14.677) 49.105 1,599 i46,773 15,754 (14,677) Al 3 1st Ma￿h 2024 52,067 7,694 237,385 50,704 347,850 NET BOOK VALUE At 3 Isl March 2024 19,500 43,926 38.607 7.993 110,026 At 31 st March 2023 19,772 44,958 107,581 12. HERITAGE ASSETS- GROUP Sites of specifie scienlifie interest Totals COST Ai 1st April 20?3 Additions Di5P05als 305,044 305,044 Ai 3 1st March 2024 305,044 305,044 DEPRECIATION At I st April 2023 Charge for year Elitninated on disposal At 31 sl March 2024 NET BOOK VALUE Ai 31 st March 20?4 305,044 305,044 At 31 sl March 2023 305.044 305,044 The directors have valued the Heritage Assets having sought advice. Page 29

GROLfNDIVORK NORTH W'ALES NOTES TO THE CONSOLIDIITED FtXANCIAL STATEMENTS - CONTINUED FOR'I"I.IE YEAR ENDED 31 ST MARCH ?0?4 HERITAGE ASSETS- CHARITY There are 110 Herilaue Assets in tlie Pareiit Cliaritable Company's Bal<in¢e Sheet. 13. STOCKS- GROUP 31.3.24 31.3.23 Stocks 59,866 59,991 STOCKS- CHARITY 31.3.24 Stocks 17,974 17,334 14. DEBTORS: A￿louNTs FALLING DUE WITHIN ONE YEAR- GROUP 31.3.24 Trade debtors Other debtors Prepayments & accrued income 256,549 2,625 85,075 181,332 2,6?5 344,249 295,071 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR_ CHARITY 31.3.24 31.3.23 Trade debtors Prepayments & accrued income 231,646 67,218 151,593 298,864 226,014 1.5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- GROUP 31.3.24 31.3.23 Trade creditors Social security and other taxes VAT Accruals & deferred income 56.)?7 41,273 77,291 401,404 100,889 35,437 34,305 275,692 576.295 446,323 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- CHARITY 31.3.24 31.3.23 Trade creditors Social security llnd other t&xes 40,215 34,595 52,934 338,777 63,755 30,125 17,840 195,7Jl 78.321 J85,77? VAT Accruals & deferred income Inter-company loans 544,841 Page 30

GROUNDII'ORIi NIORTH II'ALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS - CONTINUED FOR"I"HE YEAR ENDED 31ST MARCH ?024 Deferred ljicome: Deferred income is in relation lo grants that have been received bul which relate to a period after the year end dale of the i I st March 20?4. This income will be included in the following year end and spent within this period in accordance with Ihe conditions sel OLtt in the funding agreeinenl. 31.3.24 31.3.23 Balance as ai I sl April 2023 Atnounl released to ineome Amount deferred in the year (176,856) {190,050) 33?,548 176,856 155,692 13.1941 16. OPERATING LEASE COMMITfvIENTS- GROUP The following operating lease payments are committed lo be paid within one year.. 31.3.24 31.3.23 Expiring.. Within one year Beiween one and five years 2,88? OPERATING LEASE COMMITMENTS- CHARITY The following operating lease payments are committed to be paid within one year.. 31.3.24 31.3.23 Expiring.. Within one year Between one and five years 2,882 Page 31

GROUNDWORli NORTH WALES NOTES TO THE CONSOLIDA'I'ED FINANCIAL STATEMENTS - CONTINUED FUR fHE YEAR ENDED 31ST fvNRCH ?024 17. MOVE￿IENT IN FUNDS- GROUP Net movement in funds At 1.4.23 At31.3.24 Unrestricted funds General fund 426,997 3,113 430,110 Restricted funds Wild Ground Refurbs Flintshire Create your Spa¢e THRIVE (Third Sector Resilience) Minera Country Park- Landfill Resilience Communities lillenium Stadium Charity Resilience fund HLF Principality Wrexham Schools 2023-24 Moving on Wrexham Nationwide Happy Families Safer Streets 5 Co-op Dee Valley River Gwenfro SS5 Underspend- out of hours delivery Alyn Waters Events Buckley Events Brilliant Basics- Digital Kiosks 871,186 427.96? 48,189 25,000 17,246 2,714 4,746 8,169 40,373 (22,990) (48.189) (25,000) {17,246) (2,7141 (4,7461 (8,169) 347 4,683 1,035 53,219 616 2,526 20,699 62 140 107 911,559 404,972 347 4,683 53,219 616 2,526 20,699 62 140 107 Restricted funds 1411616 1404441 TOTAL FUNDS 1,838,61J (4,06?) 1.834.551 Page 32

GROUNDWORK NORTH WALES NOTES TO THE CONSOLID,4TED FtNANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 3 1ST MARCH 20?4 MOVEfvIENT IN FUNDS- CHARITY Nel moveiiienl in funds At 1.4.23 At 31.3.24 Unrestricted funds General fui)d 90,022 {18,325) 71,697 Restricted funds Create your Space Thrive Third Sector Resilience Minera Country Park- Landfill Resilience communities Millenium Stadium Charity Resilience fund - HLF Nationwide Family Project Brilliant Basies - Digital Kiosks Principality Wrexham schools 2023-24 Moving on Wrexham Nationwide Happy Families Safer Streets 5 Co-op Dee Valley River Gwenfro SS5 Underspend- out of hours delivery Alyn Waters Events Buckley Events 48,189 25,000 17,246 2,714 4.746 8.169 (48,189) (?5,0001 117,2461 (2,7141 (4,746) (8,1691 142,858) {1,928) 347 4,683 I,Oi5 53,219 616 2,526 20.699 62 140 107 6,404 4,476 347 4.683 1,035 53,219 616 2,526 20,699 62 140 107 Restricted funds 112468 TOTAL FUNDS 202,490 42.883} 159,607 All carried forward funds have been agreed &5 caryover and be spent in 2024-25 NET IWIOVEfvIENT IN FUNDS- GROUP Nel movetnent in funds, included in the above are ￿ follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,933,214 11,930,100) 3,114 Restricted funds Restricted fund 741.442 {748,617} {7,175) TOTAL FUNDS 2.674,656 (2,678.7171 4,061) Page 33

GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FINANCIAL STATEIVENTS - CONTtNUED FOR THE YEAR ENDED 31 ST MARCH ?0?4 NET MOVEMENT IN FUNDS- CHARITY Nel movement in funds, included in the above are as follows- Incoining resources Resources expended Movement in funds Unrestricted fund5 General fund 1,394,787 (1,413,112) (18,325) Restricted funds Restricted fund 474,927 (499,485) (24.5581 TOTAL FUNDS 1,869,714 (1,912,597) {4? 883} 18. CAPITAL COfvIfvIITMENTS- GROUP & CHARITY 31.3.23 31.3.22 Contra¢ted but not provided for in the financial statements Page 34