REGISTERED COMPANY NUMBEIL. 02614714 IEngl*nd and Wale%) REGISTERED CHARITY Ni)MBER: 1004132 POR. . T14E I'RUSTEfs A CON.8QLIDA'fED fwANCIAL STA'fF.MENTS FOR I'FII YFAR ENDED T MARCH 2025 OR NOR GRO WALES
GROUNDWORK N CONTENTS OF TFIE fiN FOR TI.IE YEAR ENDE NC STATEMENT 31ST MARCH 2025 R¢port of the Truste¢s Ito13 Rert of the Independent Auditors 14to16 Statement of Financial Activities 17 B818nce Sheet 18to 19 Con801idat¢d Cpsh Flow Statement 20 Notes to th¢ Finan¢lal Statements
GROUNDWORK N RTH WALES N(yfES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR E DED 31ST MARCH 202 Report of the Trustets The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the yeos ended 31st March 2025. The trustees have adopted the provisions of Accounting and ReFM)rting by Charities.. Ststement of Recommended Practice applichble to charities preparing their a¢counls in ac¢ordance with the Financial Reporting StaThdard applicable in the UK and Republic of Ireland IFRS 102) (efie¢tive l January 2015). Name of Charity The name of the charity is Groundwork North Wales {GWWW). It is ref¢rred to in this report as 'The Trust" GWNW wholly own$ two subsidiary trusts {also companies limiled by guarantee). Rcfurbs Flintshir¢ and Wild Ground. To8ethw the three trusts are referred lo in this T¢POrt as the GIVNW Group of Trusls or ih¢ Group. GWNW is amember of the Fcdcration of Groundwork Trusts. The use of the word"Groundwork" is used as a coll¢dive ierni to describe ihe federation and ihe member Groundwork Trusts, ObJectlves and Actlvltlej Groundwork North Wale5'5 charitable objectives are sel down in our Memordndum and Articles ot Association &id date from the interpretation of charitable activiiies when they were drafted in 1991 as amended at annual general meetings and by written resolution. To promote Ihc conservation. protection and improvement of ihe physical and natural environment including th8t which is of educatiorbal or scientific interest to th¢ 8en¢ral public or within which the wildlife is in need olprotection and including the improvement and maintenanLe of public parks. To advance public education itj environmental malters and in all matters concerning wildlife and nature conservation, in ihe ways of better conserying, protecting and itnproving the same wheresoever. To conserve and protect the physical and natural environment by promotion of sustainable waste monagetnent pracliL¢s in a¢LordgJ)¢¢ with th¢ best practicable envirotullental uption. Th¢ promotion for the benefit of the public of urb8n or rural r¢generalion of areas in social or ¢conomic deprivation. by relieving poverty or fUncIal hardship through improving the employability of disadvantaged individuals through the provision of work plocemenl. affordable childcare, training and volunteering opportuniiie& the provision olquality affordable furniture al household good& the provision of items such as food and energy etriciency measures and energy efficiency advl¢e. To Provide f]]111¢$ for recreation and oiher leisure•time o¢cupalion in the interests of socia] welfare with the object ofiTnproving the nditionS of life for the persons for whom they ¢ intended. To advanc¢ cultural well-being through people's en8agem¢nl with the arts and the nation's built and naturaI heritage. Our Strategie Objectiv¢$ Groundwork North Wales as a chlty works to transforni lives in disadvantsged communitie5. Our teatn help people lo carry out hundreds of project5 each year. We do this by tackling ¢limate change. helping people out of fuel and furniture pov¢rty' bringing out the best in young people by helping them to improve their local area. building stronger communili¢s by improving gr¢en space and conserving the natural environm¢nt' getting people back into work and supporting them to gain skills and qualifications. Pa8¢ 1
GROUNDWOIiK N RTH WALES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FO THE YEAR NDED 31 ST MARCH 2025 As an organisation Groundwork North Wales is committed to improving the social, economiq environmental, and cultural wellbeing of Wales. Focusing our acliviti¢s where we can make the most difference. our diverse range of programmes and activities enable our teaTn to r¢spond to the changing needs of our commuiiitics. helping thern create the Wales they want to live in. now and in the future. Our day-trpday op¢rdtions and our stral¢gic objectives are aligned lo the Groundwork Federation's 2023-28 stralegy to: Help people improve their pro5pBCts-inLr¢1n8 confidence, skill& wellbeing. and employability. and helping those out ofwork to find jobs in the green economys Help Feople create better placeMakIng communit1¢5 gre¢ner. healthier and better prepared for the future and enabling people to work together lo bring aboul chang¢ in their local area. Help people protect the planet-SUPPOrting people and businesses to reduce their carbon foolprinl. Cut waste. nd lake pruL*ical action to combat climate chang¢. Our Busin¢J$ Plon Obj¢¢¢iv¢s for the ye#r 202&25 Our overriding business plam theme was for our group of choxili¢s to remain financially viable. and lo sustain our ability to deliver our activities in line with our chIlable objectives while makin8 the most of opportuftilies to underteke n¢w initiativ¢s and to a¢hi¢v¢ growth, thereby contributing to the economic. social, environmental and Cultural wellbein8 of the cofflmunities of North Wal¢s. It was the first year in which our plgns 8nd actions were trgmed within our new strate8y 2024-2027 with our focus on people. place, and planet.. W¢ help peopl¢ improv¢ their prospe¢ls and wellbeing ihrough meaningful and quality int¢rYenlion$. We protect and erthancc green and blue spaces for people and natur¢. We prolccl thc plan¢¢ wilh p11¢1 ection to reduce waste and combat climate chon8¢. Our business plan prioriues were to.. Build on the work we hAve done to position the or8anisation as a national training provider and to 8row both in demand and geographi¢)Ily. Addre55 th¢ financial underperformance of our café business wbile maAntainin8 and enhancing its Success and so¢iai value to the ¢ommunili¢s serv¢d. Increase our capability lo deliver by investment in our people and volunteer4 Drive ¢i¢lenCieS and economi¢s to en5UTe best value for money in all we deliver. Enhance ¢xisting and d¢v¢lop new relationships with partner5, fiinders, and busInesS. Access to improved financial manag¢m¢nt infonnation enabled us to continue to make busin¢ss changes and enhanc¢m¢nts to ensur¢ a mor¢ cosl-eff¢Gtiv¢ and sustainable delivery of our priorlties ad th¢ continuing vigbility ofthe GWNW Group of Trusts. Page 2
GROUNDWORK NORTH WALE NOTES TO THE CONSOLIDATED FfNANCIAL TATEMENTS FOR THE YEAR ENDED 31 T MARCH 2025 Overview of Activities The healt safety, and wellbeing of our staff, volunteers and the individuals And communities we serve continued lo be upperniosi throughout the period. It another yearof great challenge for all with the Continuing conflicts in the Ukraine ond Middle Easi, high inflation fuelling the Costr-I1vlg crisis and general economic instsbility. As much as ever we w¢re conscious of ihe part we should play in helping our wmmunities io cope. Our passion for engaging p¢opl¢ with the nAtur81 enviroTJmenl and supporting th¢m to think about their ¢nvironmental impacts has always Ixen the golden thread that runs ihrough our activities on the ground. This last 12 months has Ixen no difterenl and we have delivered a Vled atMI diverse rang¢ of activilics and proj¢Gts across North Walcs accordin81y. Our ProgrnMe areas continue to 81i8n with Welsh Government's key wellbein8 drivers with links to Social, Economic. Environmental and Culturnl Wellbeing. We also made the time to take stock of ihe way in which we operat¢ as an organisation. Followin8 the fundatnental rcvi¢w we undertook in 2023-24 with mentoring support trom Piloilighi, this y¢ar w¢ followed through the resulting progroJnme ot strategic refreshmeni including th¢ delivery of a stralegir business plan 2024-27. a new sel of organisational values and bchaviours, & significantly erthanced financial management capability. and a sel ofguvemance impruv¥ments leading to a blueprint for board development and succession. During the yearour achievements were recognised fornially by our successcs in a range of award nominations. including the listing ot the GWNW Group in the lop 100 social enterprises in ihe UK for lh¢ lifth coiisecutiv¢ year. Further details are 8iven later in this report. The highlights of our busiriess aclivitics, pro8rammes, and projec15 for ihis yeor Are scl ovt below. GROUNDWORK NORTII WALES TralDlng The training wing of uur business has gone from strength to strength with annual inLome increasing lo over £840k frorn the £600k .8ecured tn 2023-24 (£440k in 2022-23). FaLtors contributing to the fi]rther growih included receiving addilional Multiply SPF tijnding, and changes to safeguarding aJbJ Children in Wales regulations giving us more work lo h¢lp organisalions meet the additional requirements. The training team have delivered ov¢r 1.978 qualifications as well as a substantial financial contribution afterdedu¢lin8 direct delivery costs, and this has been reinvesl¢d into fLfftding our charitabl¢ objects for lh¢ E¢n¢fit of10¢81 communities and the environment. In 2023 we w¢r¢ successfully reappointed os a lead provider for Adult Community L¢8ming Wr&xhorn and Flinlshire and in 20225 this area of OLf training business h85 s¢en further gtowtl4 accounting for 350/0 of totsl annuAI income. Over the past three yeon we have supported 7,254 learners un(kr the scheme. Clywedog Valley P*rtnenhip Th¢ Clywedog Valley Partnership i5 coordinated by GWNW and plans to r¢vitrAlis¢ the heritage assets of the Clyw¢dog Valley for the benefit of the lo¢al ¢ommvnity and visitors. With funding secured from H¢ritage Lottery in 2022-23 we were able lo progress the Partnership's ambitious plan& by initiating feasibility SdieS for a s¢ri¢s of linked heritage buildings and natural sites along the Clywedog Valley and slartin8 to develop detailed plans to support our next major funding bid to HLF. In the longer terni this will benefit local p¢ople through opportLmities for volunteering. ¢duoatioTh gnd training. wellbein& and enjoyment, as well &5 SUPFrf)rting the local economy by attrtIng visitors from further afield As part of the overall vislon for th¢ c1¢dOg Valley we have given focus to the herita8¢ sII¢s at King's Mill and Nant Mill. as well as the Minera Lead Mines & Country Park which was showcased in the 2022-23 Annual Report. We have Continued to adively support the community 8roups at both King's Mill and Nant Mill. enabling them to be Page 3
GRoifNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FfNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 regisler¢d with Companies House as community tnts and os charities with the Charity Commission. We ivill continue to provide suppx)rt to both trusts with govemanc¢ and fundraising as they become more established. Thc culmination of th¢ first stage will be the development of the all-important stage 2 bMiSsion which is targeted for November 2025. Café Cyfl¢, Alyn Waters nd Bu¢kl¢y Our cate8 ¢ontinued v¢ry successfully lo deliver our social and environmental obj¢clives wer¢ greatly valued by Ihe communities serve. Havin8 identified thai they were operating a financial loss in 2023-24, and in need of rern¢dial action lo ensure their furnre viability. appropriate measures were irnplemented. including restructLLring, tighter shift management and staff utilisalion. price adjustments, And (in the ease of Buckley) rebalancing thc UK and onIng times. By the end of 2024-25 the cafes collectively wcrc opcraling at b¢tter than br¢ak-¢vcn. with the prospeci ofiuming a small surplus in 2025-26. Proje¢t8 In 2024-25 GIVNW h&$ Continued tv deliver a variety of projects targeted al our core ihemes of p¢opl¢. place, 8nd planet. Details of many of these projects can be found in a separate publi¢ation our Annual Review 2025. Thre¢ totemic ¢xamples are given below for illustration. Happy Families wa$ funded by a N¥tionwide Community grant and ran scssions in Wrexham and Flinlshire with il)e aim of supwrting n¢w porenls Ihrou8h the emotional and practical challenges ot par¢nihood. providing nurturing ¥nvironment where Lare8iver5 could develop skills. build confidence. and forni meanin8fiJl connections. The project offered vital respite from the i501alion And many p$sreS new parents f&L'e. For participants dealing with relationship difficLilties, financial hardship. housing inseLurity. or even dotnestic buse. the project created a place where individuals could connect with others sharing similar experiences, helping aliciidees gwn Lssential lifc skills such as confidenc4 patience, and problem-solving. Next Stepz supported young people aged 14 10 24 facing mental health challenge$. providing support lo some of the hardest-to-reach young people in our community. PoJticipants experienced significant transfornjalions from soci&l anxiety and isolation to incre&sed interaction, laughter and belonging. Practical life skills training fornied a core cornnent through h8nds-on C)kIng sessions and woodwork activilies. developing their technical skills and self-¢onfiden¢e. while first aid ¢ertifi¢ation provided accredited qualifications enh#n¢in8 futur¢ ¢mploiryn¢nt prospe¢l5. Safer Streets sought to actively address the root cause5 of youth anti-social behaviour through partnership working with local schools and organisations in Wrexharn and Flinishire. The project worked with distinctively differ¢nl grou demonstrating compl¢xilies and varying degrees of succe55 SUPPOrting youiig peopl¢ with diverse behavioural challenges. Participants completed qualifications while contributing to their community through practical activities, includiiig creating planters for the local community café. and crafting a wooden bench donated to a local school, symbolising the project's core objective of fostering positive community engagement. Participants reported improved self-esl¢em. better school attendance and behaviour. reduced 8fLxiety, and decreased Anger. The project succeeded in creating18sting Frsonal and community benefjts. WILD GROUND G¢n¢r31 R¢$¢rv¢ Mn8g¢m¢n¢ Gcn¢ral reserye management has continu¢d a¢r055 our network of fifteen sites. Our team of rc5¢fV¢5 officers work across sit¢s to cnsurc they ar¢ maintained safely and provide th¢ best habitat for our range of suprted spccies. The team provide a range of volunteer opwrtunities for local COmTnunities, deliver ¢du¢ational sessions to local schools and organise events throughout the year. Work h&5 been prioritised across all sites based on ntraCtual obligation4 project aims and Commilmen and saf¢ty r¢quir¢m¢nls. Priority sites with a designation or linked io a contract are Pag¢ 4
GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS roR THE YEAR ENDED 31ST MARCH 2025 maint&ined lo a good or exc¢llent standard, while other sites are maintained to a mod¢rale or good standard. The focus of reserve manag¢m¢nl through th¢ ycar included grxssland managemenL access improvements, tK)nd rnanagemenL tree management. clearing invasive species, and infr&stru¢ture improv¢ffl¢nts such as fencing. bridg¢ repairs. And drainagc. As regaTds site and tree safety, monlh]y safcty chccks hav¢ bccn recorded digitally using a mapping syslcm, allowing aff report issues directly via site map& pinFointing the lo¢ation accurately. Newl Networks In early 2023 we were delighted to be awarded £250k fijnding by the Nature Networks Fund la Welsh Government grant programme delivered by the National Lottery Development Fund) to support our Newt Networks programme which started on 1st April 2023 and extended over the following two years. Working in partnership and involving ommunilies the programme sought to increase the resilience of the nelwork of all our protected sites in North¢ast Wa]¢s. Th¢ Wild Ground team engaged with local communities, schools, and volunleers with the aim of making our sil¢ habitais more resilient and of increasing nature connectivity. A wide range of enjoyable, accessible engagement activities to suit varied interests. abilities and access needs were delivered. The progromme also included capital investment in sites to deliver habitat improvement, esFtcially lor great crested newts. and to support partn¢r nei8hbourin8 siks to improve connectivily. In 2024-25 capital woiks w¢re delivered at Aberderfyn- Pond Creaiion Glascoed- Fencing to protect pond habilals Broadoak- Woodland Management Works KnDwl¢ Hill- Woodland Management Works All the capital works werc de5i8ned lo improve and ¢xpand suitable habitals for various specie5 on the sites. Rhydymwyn Valley Nature R¢$ervt Staff have CL7nlinucd lo manage and deliver the contract for this Defra owned sile. The cunlract stipulats o range of site m8n8gement prescriptions alid survey rcquircmenis. The contract is managed by Defra with monthly liaison meetings. In addition to an annual r¢porL we are alw required to report against KPIS and produ¢e survey data at regular intervals. The most recent contract was awarded in October 2022 for one year with p)tential onnual extensions for a fijrther three years. The arnual extensions were secw¢d by Wild Ground. gnd th¢ current Contract conclLide$ at the end of Sept¢mb¢r 2026. A retendeiing process is expected to be launched during 2025-26, for which Wild Ground will compete. REFIIRB8 FLINTSHIRE Main Operations The charity has continued to collect bulky household waste and to redistribute household goods to lower income households at affordable prices. These redistributed household goods might otherwise have been discarded as w&8te to landfill. Refurbs has also Continued lo deliver ¢l¢aning and clearanc¢ services for Flintshire County Council's (FCC) void properties. This contract was for an initial period of years and has tr£en subject to a series of fixed ternj extensions. There has been an Incre in the number of sofas included in the bulky collection and those which could not be recycled were channelled to the Oakenholt site where the sofa deconstruction team are based. Our sofa deconstruction offering continued to show the value of partnership working alongside Flintshirc County Council. Legal restrictions relating to the use ttnd presence in upholstered domestic seating of persistent OTganic pollutants (POPS) which Apply in ET]gland are yet to be implemented in Wales. This could havc Krious implications for operations and associated costs at Refurbs, in particular bulky waste and sofa dnStruction. A watching brief is king maintained. The retail business continued to opwate syeSSlIY al the Fliiit site throughout the year. Online sales in particular through the Facebook marketpl¢ hay¢ expan(kd su¢¢e5sfvIIy. Page 5
GROLfNDWORK NORTH W ALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS roR THE YEAR ENDED 31ST MARCH 2025 Across the GWNW Group the accurY of financial inforniation and quality of financial management has E¢en improved. In th¢ Case of Rcturbs this has enabl¢d a more forensic and commcrcial und¢rstanding of the costs and vi&bility of the differcnt ar¢as of busin¢ss and hsLS h¢lped to inform the renegotiation of, and retendering for, contrac15. Tighter control has Ixen exercised ovu costs, whilc activity levels and associated in¢ome havc gcncially increas¢ generating a pleasing contribution lo Group nv¢rheads tor ih¢ year Buckley Repair and Reuje Centre Jvith Community Café The successful establishment and early months of operation of th¢ ¢¢ntre and café, whiLh ar¢ in th¢ oivnership of Refurbs, were heralded in the 2021-22 and 2022-23 onual trustees rert. The centre has beLom¢ TA focal wint for the lo1 Community and great relationships have been fonned. The centre conlinues to fulfil its objective of promoting education and behavioural change on waste and recycling initiatives, as well as providing volunÉeering opporttjnities for local people. An extensive programme of repair, r¢cycling, and upcycling workshops and sessions has been run successfully throughout the year. The café compl¢m¢nts the ¢¢ntre and provid&s the opportunity for quiet enjoyment and social interaction. However, with our improved understanding ofthe financial dim¢nsion of the business, it became clear that the Buckley eslablishmeni, in particular rhe café, w&s running at a loss. To ensurc lis funjre viability and sustainabiliry il w& necessary lo iniplemeni appropriate remedial measures including ¢hanging ¥tuffing arron8emenls gnd r¢vising the balance of usc of the sile. Tight management will continue lo be exercised io achi¢v¢ the wget of break-even. Communlty Frld8e The Commuility Fridge located at the Refurbs site in Flinl is well esiablished. We have now come lo the end of our two ycar funding arrangcmeni from ihe l.8ndfill T&x Fund and through that period we gained 337 members to the community fridge Dd saved 17.4 tonnes of food from going lo landfill and avoided the as50Ciated C02 emissions. We ask for a £3 donation to attend the fridge which yupports ihe riinning costs, wiih the balance being paid by other subscription funding w¢ have secured. The Hubbub CorrKfyrate Campaign {"Community Fridge Creating More Connections") has continued to rea¢h oul lo local commuDili¢s ynd organisations to support the tridge, with several Lomp&nies now hosiing a food amn¢siy collcciion poini for surplus food items. which will be distributed to the local community through th¢ Community Fridge. Regular website updates o1)oui lh¢ Community Fridge are shared Mlongsid¢ a 30cial media awareness Lampaign. We are delighted to play our part in easing the food tM)v¢ty challenge in the community, as well as lo b¢n¢fil th¢ natural environm¢nt by reducing food waste disposals lo landfill and consequent 8reenhouse gas emissions. PROGRAMME OF BUSINESS IMPROVEMENTS As we retrtirted la5tyeBr. we were privileged to take part in a busin$ improvement programme with mentoring 5Ltpport from Pilotlight, the costs of which were generously fided by the Gorfi¢ld W¢strJrk Foundation. Over a12-month period we engaged in a process of fundamental s¢lf-reflection with guidance from four Pilotlight experts and an a55igned project manager. The key outcomes trom the prosramme were.. A strategic plan 2024-27. A strengthened financial management Capacity with ll)sightful and reli&ble fllwicial inforniation. including forec&8ts. A revised set of organisalion&l values behaviours. Governance improvements, including A skills Yludit of the boart leading to a blueprint for bosrd development and su¢eession. An impioved understanding ofth¢ commcrcial aspects of the busines& ¢nabling clarity on pricing. profitability, and viability- While the programme wncluded formally witha progress review with the Pilot liBht¢rs in Apti12024. the out¢omes are now intcgrated into the way we do busine ond we are deterniined to ensure the open-mind¢d and ¢an-do spirit the prograrnme engendered live on. Page 6
GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDA'fED FINANCIAL TATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 RECOGNITION During the year our hl¢veMents were recognised fornially by our success¢s in a range of award nominations: Investors in People Awards 2024: shortlisted in the Third Sector Employer ot th¢ Year ¢at¢gory Inv¢Sr$ in P¢opl¢ Awards 2024: Aaron Jone4 a valued m¢mber of our youth teatn. w&s shortli51ed in the Community Employee of ih¢ Year category. Reuse Network Awards 2024: Refvrbs Flinlshire was shortlisted in the Organisation of the Year cal¢gory. Social Business Wales Awards 2024: GWNW w&8 shortlisted in the Sociol Enterprise of the Year cale£ory. wtSE 100 2025.. Our Chief Executivfy Karen Balmer, was named ID the list of Top 100 Women in Social Enterprise in the UK. SE 100 2025.. GWNW Group was n8m¢d a5 one of the top 100 social ¢ntrprise$ in the UK for a 5th wnse¢utive yegr and as a fUliSt in the Social Biisiness Pioneer cat¢gory. Group Perforrnanee Meayurei People Green Doctor Visils Number of Volunt¢¢r5 People Supported (cost of livin8 crisis) Fornial Qu&lific&tions Gained Pla¢cs People Engaged in Arts & Heritage Activitie5 Area of Land Maintainedltmproved Biodiversity Ernprovement Actions Planet Trees Planted Diversion of Waste from Landfill Environmental Improvement Projects 146 264 1,613 2,271 1,700 376.250 m2 243 70 847 tonn¢s 42 Fin8n¢ial Review Th¢ Trust &ssesses ils financial perforni8mce against th¢ op¢nin8 forecast budget ad monitors lu1 results on a regular and systematic basis during th¢ y¢gr. It has been another challenging year fjnancially in the aftermath of th¢ pandemic and associated restrictions 8nd with the surge in fuel prices and the general rale of inflation while competition for limited resources within the sector has continued io grow. as our coffe fimding sUprt h&$ come und¢r incre83ing pressure. We have been abl¢ to secure total income for the year of £2,948.172. The principal sour¢¢s of funding were follows". Welsh Government Public Sector Bodies Charitable Trnsts Privatc S¢thr National LA)ttery Local Authority Housing Asso¢iatton £136,678 £246,262 £145.639 £572.744 £264,634 £1.496,967 £85.248 Page 7
GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 Re$ervei Policy R¢s¢tves are needed to bridge the gap between the spending and r1VIng of income. ie the working capitsl ot the charity. and to cover any unplanned eventualities. The Trustees reviewed the policy during the year and revised th¢ r¢quired minimum lev¢1 of unr¢stri¢led r¢s¢rv¢s to 3 months of unr¢stricted expendiiure with no sp¢cifi¢d upper limiL Total reserv¢s held al 31 st Match 2025 )mounl¢d to £2.055.102. The amount held as restrict¢d reserves amounted to £1,358,562 with £696,540 in unrcstrictcd Te5eTves. From the results reporled for th¢ year. the requiTed minimum level of unrestricted reserves policy has Eken Tnet. Financial Strategy Essenlial componenls of our strategy are that full wsl recovery is achieved. that our organigations conlinue lo build and maintain reserves and that good eash flows are maintsined. To this end we will endeavour to ensure we have sufficient WOTking capi181, to cover no less than 3 months expenditure need4 by building our unrestricted reservcs, ensure we have the right producl and service mix benveen grant and non-8r8nl fund¢d a¢livitie$ to mitigate tinancial risk, develop our produ¢t and service offer lo ensure at least cover our costs and remain finanLially viable. with any surpluses r¢invesl¢d in th¢ quality and reach of our d¢livery. Our business plan for 2024-25 soughi io Continue lo operalionalise our finaD¢ial slr&tegy. Plans for Future Periodi In accordance with our stralegic plan 20242027 our delivery priorities will continue to focus on people. plac¢& and the planet, with tive strategic prioriti¢5,' Enhanced financial management-both sysiems people-to support better decision-making. A resili¢nt and su5tsin4bl¢ organi5atlOD with robust gov¢rnance, capacity to deliver. and clear succession planning. Growing and cultivating our commercial operations lo drive financial resilience gnd 5uslainability. Championing nature conservation Ihrou8h positive omd proactive land manag¢m¢nl and helping more people to experience and valu¢ open spaces. A developed and thriving cir¢ular economy and carbon dUctIon offer. S¢rueture, GovernAnce and ManAgement Groundwork North Wales is a registered charity and company limited by guarantee as defined by the Companies Act 2006. The goveming documents are its Memorandum and Articles of Association. The governing body of ihe trwt is its board of trustees who are also the directors of the company in accordance with the Companics Act 2006. Thc dir¢rtor5 ar¢ thc mcmbcrs of thc cojnpany. The bDard is responsible for strategic decision m8k.ing and is ultimately responsible for the fmanciai viability of the company. It mccts a minimurn of four tim¢s o y¢er. Trustees appointed on a thr¢¢ y¢arly basis 8nd r¢tir¢ by rotlltion ut the AGM,. rctiring trustees ¢8n be reappoints& while having regard for the limitations and exceptions provisions in th¢ Articles. Organisation*l structure and dtclsion-making powers The board retains authority for the overall Strategy and txTrlicy of the Trust and approv¢5 lh¢ Str8te8i¢ Plan as well a5 Ihe atmu81 Business Plan. The board delegale3 decision making powers to the Chief Executive and to two SUIgroups. Page 8
GRoifNDWORX NORTH WALES NOTES TO THE CONSOLIDATED FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 the Finance and HR Subgroup and a Risk Assurance Subgroup. A Board trustee chairs each Subgroup. And the members are appoinied by th¢ Board. T¢rn)s of reference for the Subgroups prescribe their delegated authority from the Board and sFcify limitations on th¢ authority for matt¢rs which the Board reserves to itself. The Finance and HR Sub£roup's SnsIbilitieS include reviewing the management accounts, as well as the annual accounts for publication, oversight of financial and HR lIcIeS and matters appertaining to the remuneration and welfare of the trust's staff. It meets four times a year in between the quarterly Board meetings. The Risk Assurance Subgroup was established during 2022-23 to monitor and provide suranc¢ on the GWNW Group's principal risks and supporting risk management processes. The Subgroup's remit also iftcludes health & safety risks, wli¢y, procedure& and perforniance. It also meets four limes & yeor ahead of meetin8s of the board. Induction and tr4ining of new trustees N¢w m¢mb¢rs of ihe Board of Trustees provided with ihe Charity Cotnmi3sion's guidance.. The Essential Trustee.. Whai you ll¢ lo know. What you need to do" and a full pack ofoih¢r Irust documcnls such as the lal¢sl annual report and accounts, risk register and busin¢ss plan. New Trustees have an indu¢lion meeting with the Chief Executive, membeTS of the Senior MaJJa8¥tT]ent Team and the Chair of the board of Trustees. At the AGM on 28th November 2024 ttvo new members were appointed to the B0d, Nick Ringrose and Carl Stephens, while long-servii)g Board member: Claire Powell. slood down. GIWNW is immensely gral¢fvl to Claire for her 20 years of valued service. R¢lAtion*hips withln the Groundwork Federatlon The Tnt 18 part of the Fcderalivn of Groundwork Trusts in England Wales and Northern Irelond. ¢h working with their pwtnerg in deprived areas lo improve the quality of the local environment. the livcs of the local people and ihe success of the local businesses. The GWNW Chair and CEO are tM)th members of th¢ overarching Federation Board. Groundwork North Wales works in parthership with its sister trust in South Wales to provide national coverage acro&s Wales. A construclive ivorking relationship has been maintained with Groundwork Northern Ireland (GWNI)) with a fornial agreement op¢ratin8 throughout the year for the provision of financial management and oiher support services by GWNW lo GWNI. Govtrnanee revlew A comprehensive review of the governance of Groundwork North Wales and of ils two subsidiaries. Wild Ground and Refijrbs Flintshire, was conducted in 2021 using the framework for governance reviews issu¢d by Groundwork UK for use across the Federation. While the findings were generally positive. a series of improvemenl actions were identified which were approved by the Board. Their impletnentation was completed by the end of 2022. With mentoring support from Pilotlight during 2023-24 key aspects of govcmance were Further reviewed leading lo the developmentof a new strategy for the GWNW Group. the framing of a blueprint for l)oard development and succession. and improvements in reporting io the Booyd. all of which have been progressively implemented in 2024-25. Public Benefit Statement Our charitable objectiv¢s. as s¢t do in our Memorandum and Articles of Association, are presented under Objectives 8nd Activities e8rlier in this reporL Statement of Compliane¢ Page 9
GROUNDWORK NORTH W ALES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THf. YEAR ENDED 31ST MARCH 2025 The Trustees have referred to the Charity Commission's general guidance on public knefit when reviewing 2022-23 activitics and making plans for future periods and bclievc that they have compli¢d with their duty to have due regard to this guidance. In particular. the Trustees have considered how all the Trusvs acllvities contribute to its charitable objectives. All the Trust's aclivitics focus on improving the quality of life for people and the places in which they live- focusing on th¢ most disadvantag¢d twple and placcs in Wales and England. Identifible Benefits In temis of identifmble benefits. th¢ Trust delivers projects and progrdmme4 m8J)aEes ¢ontTacts and delivers services according to its objective4 with th¥ resuliinE benefits of safer and stronger communities across North Wales, healthier and more aclive communities. enhanced "green" skills and employment opporlunities for citizens, larger numbers of higher quality places for young people to go and ihings for them to do, and the r¢duclion of carbon emissions to help to tackle climate ¢hanEe. The Trust aims to help the public to make sustainable development & reality, respecting nature's limiis and supporting the Welsh Government's cotntnitment lo tt)re generations. Beneflt to the Publi Our approach is always to work in partnership with others from the public. private and voluntary sector4 lo add value to wider plans for maKimum impact to Ihe public. Our rol¢ in these partnerships is usually to find ways of helping deprived, disadvants8¢d, or disabled local people io get practI]IY involved in decisions and actions. As such. our work is designed to address the needs of &115ections of the cotnmunity, and we provide equal access to our services re8ardl¢ss of race, gender, disabiliry, or sexual orieiitalion. Our work primarily bencfits Ihose in most need, and thanks to the support of oiir funders gnd partners (such The Welsh Gov¢rnmerkl, Local Authorilics and N&iural Resources Wales) our services are in the main provided free to those in need. Finnclal Instrum¢nts The charitable company s operlllions expose it lo a voriety of financial risks including price risk, credit risk, liquidity risk and cash flow risk. The charitable company's principal financtal instruments wmprise sterlin8 bonk accounls together with tradc d¢bior$ £thd trade creditors that directly fri)m operations. Price risk is managed by monitorin8 th¢ m8rket, current rates of inflation and costin8 produ¢15 and services in ac¢ordan¢¢ ivith these factors. Credit risk is mitigated by monitoring and managing the ¢redit limits given to our customers. Liquidity risk is managed by maintaining a balanced miy of income streatns, with a limit to the number of payments by results or in arr¢ars payment ¢ontra¢t$ at any one time. Cash flow risk is managed through our creditmanagement procedure4 cash flow forec8Sting and ne8Oti8lion ofpayment tenns where practicable. Risk Management The full Board reviews the risk register at summary level at each board meeting and keeps aregular focus on the major risks to which th¢ group is eXrd, having regard for th¢ risk appetite it h&s agreed for ¢ach risk aTea. More d¢tailed scrutiny of the risks progress with miÈigating actions is undcrtakcn regularly by the Risk Assuiance Subgroup with issues escalated to ihe full Board by cxception. The review and updating of the risk regisfrr and associated programme of mitigating actions is & rolrtinc f¢ature of Senior L¢adcr5hip Team me¢lings. The principal rlsk areas on th¢ GWNW Group's risk register throughout the Ye w¢r¢'. FinancialnCornc and fmancial sustainability Pag¢ 10
GROUNDWORK NOR'fH WALES TO THF CONSOLIDA TED rrNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCI.[ ?025 Ol'B Data protection and compliance. WeguardiDg. Pcopl4 l¢ad¢rShI And ltUr¢. Governance regulatory. Cyber security and Icr failure. Busincss continuity. ReputatlOD. Health & safrty. Pa8¢ 11
GRO DW RK NORTH WALE TO THE CONSOLIDATED FENANCIAL STATEMEwrs HE YEAR ENDED JIST MARCH ?025 NOTE REFERENCE AND ADmINISTRAvE DETAILS Regfistered Company number 02614714 (England and Wales) Registered Charity numbtr 1004132 Registered otTJee 3-4 Plag Power Roa4 Tanyfron Wrexham LLII 5SZ Truste¢J N Reader CBE (Chair) Retired Finance Director M Booker R¢lir¢d Bank Manager C A Powell ETbvironmental Manager H Wri8ht Retired Flr8¢ Ele¢ted Mox¢h 2020 February 2002 September 2004 November 2024 February 2011 RetlredlRe$i8ned rEI= S Overson S Moore R Taylor N Said N Rin8rose C Stephens H R MBnager Retired Esl8t¢$ & Facilities Director Commercial Dir¢clor Retail Safety Manager Account Managerifech Sales Au8USt 2013 April 2013 FebN8ry 2020 March 2020 November 2024 November 2024 Trust Senlor Management Tegm Karen Balmer Chief Executive Christine Bowyer Head of HR & Governance Lorn& Crawshaw Head of Community PrograTnmes & Parts)¢rships Hanna Clarke Head of Marketing Louise Stokes Head of Healih & Safety and Training Richard Aram Head of Contracts & Project Delivery Judy Mitchell Head of Finance Stewart Platt Head of Commer¢i&l S¢rviKs Auditorg M. D. Cox¢y gnd Co. Limited Chart¢r¢d Aceountonts Ststutory Auditors 25 Grosvenor Road Wrcxhom LLII IBT Bankers Nlltional Wcstminster Bank plc 33. Lord Street Wrexham LLII ILP Solicitorj GHP Legal Ashgrove 26-30 Grosvenor R(Md Wrexh8m LLII IBU Page 12
GROtrNDWORK NORTH W ALES NOTES TO THE C.ONSOLIDATED FtNANCIAL STATEMENTS roil TFIE YF.AR ENDfD J 1ST MARCH 2025 Statement of truy¢ees responsibilitle$ The twslces are responsibltt for preparing the Rcport of the Trustecs and the financial Statements in accordbnce with pplicable law and United Kingdom Accounting Stsndards (United Kingdom G¢nerally Accepted Accounting Practic¢). including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in thc UK and Republic of [re1)d, Company lawrequir¢s the tn]stees to prepare financial statements for each f9n¢la1 year which gtve a trne and fair vi¢w of the state of affairs of the charitable company and of the incoming resources and appliLation of resource5. including the income and expenditure of the ¢harilabl¢ company for that period. In preparing ihose financial statements, the Inte¢S are required to.. seled suitable accounting policies and then apply them consistsntly. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent: sta¢¢ whether applicable ac¢ounling stand8rd$ have been follow¢d subject to any materi41 departures disclos¢d and explained in th¢ financial statements. prepare the financial statem¢ni$ on the going concern basis unless it is inappropriAte lo presume ihal the tharitAble coMpY will conlinu¢ in business. The trustees arc responsible for keeping proper accounting records which disclose with reasonable accuracy at any limc the financial position of the charitable company and io enAble them to ensure ih&l the finwicial statements Comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for takin8 r¢wnable steps lor the preveniion and deieclion of fraud ond other irregularities. In so far as thc trustees are aware: ther¢ 15 no r¢l¢vant audit inforniation of which the Charitable compangs Buditors are unaware. End th¢ trustees have taken all steps that th¢y oughi io have taken to m8k¢ themselves aware of any relevant audit informlOn and to establish thai the auditors are aware of that infonnation. Report of the trusle¢s, incorporating a slTategi¢ report, approved by order of the board of trustees. as the company directors on 20 Nov¢mber 2025 and signed on th¢ board's behalf by: Nigel Reader CBE Chair / Trustee Page 13
GROUNDWOBK NORTH W ALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 Oplnion We have audited the finanGial stytefflents of Gioundwork North Wal¢s (the 'patcllt charity,) and its subsidiaties (the 'group') for thc ycar cnded 31° MarLh 2025 which cornprise the Statement of Financial AGtivitie& the Bal8nce Sheet, the Cash Flow Stat¢ment and noies to the financial statements. including a sutnmary of significant accouniing wlicies. The financial rq)orting framework that has been applied in their prvparation is applicable law and Ullited Kingdom Arxounting Stgndatds (United Kingdom Generally Accepted Accountin8 Praciice). In our opinion tlie financiaj 5tsternents'. give a true And fair view of the state of the 8roup's and ofthe p¢t charitable company's affairs as al 31s1 March 2025 and of its incoming resour¢es and application of resourtts. including its income and expenditur¢, for the year then have been properly prepared in cOrdanCe with Unit¢d Kingdom Generolly Accepted Accowiting Praciicc,. and have been prepared in accordance ivith the r¢quir¢m¢nts of the Companics Act 2006. Basis for oplDIoA We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicablt law. Our responsibililies under those siandards are further described ITh the Auditors responsibilities for the audit of ihe financial statements section of our repon. We are independent of the charitable 8roup in accordance with the ¢thic81 requirements tho1 are relevaThi to our audii of the linancial statements in the UK. in¢luding the FRC'S Eihical Siamdard. 8nd we have fulfilled our other ethical responsibilities in accordance with these requirerncnts. W¢ beli¢ve the audit evid¢n¢e we have obtained is sufficient and appropriate to provide o basis for our opinion. Con¢luJlons relting to going eoncern In auditin8 the group fin8claI staiements. wc have concluded that the tNsiees' use of the 80in8 concern basis of oCCI)1intin8 in the preparation of the fancial stoicments is appropriate. Based on the work we havc perfomi¢d. we hav¢ Dot id¢ntifi¢d yny mat¢rial uncvrtainties relating to ev¢nls or wnditions th&L individulllly orcollcctively. may cast Significant doubt ¢)n the group tharitablc company's ability tL) Continue as a 80ing cortcern for a period of at least nvelvc month5 from when the fmancial stalcments arc authorised for issue. Our responsibilities and the spOnsibl11(1¢s or the trustees with rc8p¢¢t of 80ing concern are described in th¢ relevant sections of the report. Other Iofonnatlon The tnjstees are responsible for the other infonnation. The other information ¢omprises the infonnation included in the group annual repon. other thaD the fmancial stoiements and our R¢port ot th¢ Independ¢ni Auditors thereon. Ouropinion on the financial statements does not cover the other information )d, ¢x¢epi th¢ eent otherwise expli¢i¢ly st4¢ed in our report, we do not express ony ftirni of assurance conclusion ther¢on. In ¢ottnection with our audit of the fmanciai statements. our re5pon5ibility ig to Rad tbe other inforniation 8md, in doing so. onsider whether th¢ oth¢r inforniation is malerially inconsistent with the financial slatemen13 or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify suth mal¢rial inconsistencies or apparenl mat¢rial misstatement, we are required to deterniine whether this give5 rise to a mat¢rial misstatement in the fmanLial 51at¢m¢ntB th¢mselve$. If. b8sed on the work we have perfornied. we conclude that there 15 Y4 matcrial misstatement of this other infonnatl0 we are required to report that fact. We have nothing to report in this re8ard. OpinioDi on other rntl¢rs prestribed by the Compattlu Aet 2006 In our opitiion, based on the work undertakeo in the course of the audit". the inforniation given in the Report of the Trustees for the financial year for which the financial siaternents are prepared 1$ ¢onsi$¢ent Wlth thc finoneial statements; alld the Report of the Trusiees has been prepared in accordance with applicable legd quIrernents. Matttrs OD which v4¢ required to report by exteptio lo light of the knowlcdgc and undcrstanding oftbe c11.1ble group #od its environment obtain¢d in the ¢ours¢ ofthc audit. we hav¢ not id¢ntsfi¢d mat¢riaJ mi5slat¢m¢nts in th¢ R¢port of the Trnstees. We have nothing to report in re5pe¢t of the following matters Whe the Companies Act 2006 requires us to r¢port to you if, iti our Iyini(m'. Pa8¢ 14
ROtrNDWORJ( NORTH WALE TO THE CoNSOLATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MAR H 2025 NOTE - adequate accounting reeortis hav¢ not been keptorreturns adequate forour audit have not bttn received from branches not visited by us. or - the financial statemellts are not in a8r£ement with the accounting records and returns: or - certain disclosures of trnstees. remuneration specified by law are not made: or - we have not received all the infom)ation and explanations we require for our audit. Re$ponsibillties of trustees As explaincd Tnore fiblly in the Statement of Trustees Resp)nsibililies the trustees (who are also the directors of the group charity for the purposes of company law) are spOnSible for the preparation of the fmancial slatcments and for being satisfied that they give a true and fair view. and for such internal control as the trust¢e$ determine is necessary to enable thc preparation of financial statements that are free from mat¢rial misstatement, whether due to fraud or error. In preparing the financial statements, Ihe trustees are responsible for assessing the groups and the parent charitsble company's ability to continue as a going concern, disclosing, as applicable. rnatters r¢lated to going concem and using thc going concern basis of aountIng unless the trustees either intend io liquidate the 8roup of th¢ par¢nt ch8ritabl¢ company or to c¢as¢ op¢ralion4 or have no r¢ali$tic alternative but to do so. Our responsibilities for the gudit of the fiThgncial st8tements Our objectives are to obtain Te&sonable assurance about whether ihe financial $talemenls as a whol¢ ar¢ fr¢¢ from mllterial misstatem¢nl. wh¢ih¢r due to fraud or error, end lo issu¢ 8 R¢port of the Independent Audilors thai includes our opinion. Re&sonable &1suran¢¢ is a high level of assuranc¢ but is not a guarantee that an audit conducted in ac¢orden¢e with ISAS {UK) will always d¢tccl a maierial misslafrment when it exists. Misstst¢m¢nts can arise from fraud or error and are considered material if. individually or in the a8gregat¢, they Could re&Tonably be expected to influence the ewnomic deLision8 of users laken on the basis of these financial statem¢nts. Our approach to identitying and asscssing the risks of material misstatement in respect of itregulariiies, including fraud and non-compliance with laws and r¢gulalion& was as follows: the engagement parts)er ensured that the en8aEem¢nt team collectively had the appropriate competence, capabilities and skills to identify or recognise n0Compli&ncC with applicable laws and regulations. we identified the laws And regulations applicable to the charity through discussions with trustees and management we ass¢ss¢d th¢ ¢xl¢nt ot compliance wilh th¢ laws and r¢8ulatiuns identified aix)ve through making enquiries of managemcnl and inspecting legal correspondence. and identified laws and regulations were communicaied within the audil team regularly ond the team remained lllert to instances of non-compliance ihroughoul the audit. W¢ ass¢ssed the suscepiibility of the charity's fancial ststements lo Materi misstatem¢nl. including obtaining an understAnding of how frllud mighi occur, by: making enquiries of mRn&gement to where they considered there was susceptibility lo frau their knowl¢dge of Actual, suspected and alleged fraud; and onsidering the internal controls in pla¢¢ to mitigat¢ risks of fTaud and non-compliance with laws omd regulations. To address the risk of fraud through management bias and override of controls, we: perfornied analytical procedures to identify any unusual or unexpected relationships. - tsl¢d joumal entries to identify Lwusual trgnsactions: - assessed wh¢ihcr judgements and UmPI10n8 made in deterniinin8 accounling ¢stimate$ were Andicalive of potential invesligatcd the rationale behind significant or unusual transactions. There are inherent limitations in our audit procedures described above. The more removed that laws and r¢giilations are from fmancial transactions. the1¢3s lik¢ly it is that we would become of non-COTnpliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and r¢gulatiOllS to enquiry of the trustS Bnd other management and the inspection of regulatory and legal correspondence, if any. Material mi5Statements that arise due to frd can be harder to detect ththose that arise fro error as they may involv¢ d¢liberal¢ ¢onc¢alm¢nt or ¢ollu5ion. A further description of our responsibilities for the audit of the fitwicial statements is lOted on the Financial R¢porting Council'3 websit¢ at www.frc.org.ukl8udilorsr¢sponsibilAties. This description fonns port ofour Report ofthe Ind¢pend¢nt Auditors. Page 15
GR I[raR NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FORT AR ENDED 31 H 2025 Uie of our report This report is made solely to our chari¢able ¢ompAny's rnembers. as a body. in accordonce with Chapter 3 of Part 16 of the CompaThies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to stale to them in an &uditors' report and for no other purpose. To the lIeSt extent perniitted by law, we do not accept or assume responsibility to Anyon¢ other than the charitabl¢ ¢ompotiy and the haritable coin iy's members &8 a body. for our audit work for this repo¢ or for the opinions w¢ hav¢ forn)ed. Joanne Evans {Senior Statutory Auditor) For and behalf of M. D. Coxey and Co. Limited Chartered AccounlS and Stathtory Auditors 25 Grosvenor Road Wrexham LLII IBT Dale.. 20th November 2025 Page 16
GR RK NORTH WA NOTES TO THE C NS LIDA TE.D FtNANCIAL STATEMENTS R THE YEAR ENDED 31ST MARCH 2025 31.3.25 Total funds Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 105,661 105.661 106,714 Charitable activitity Income Irom charilttble activities Other trading income Inter¢st 486,351 605,593 10,455 298.084 130.609 784,435 736,202 10,455 543.922 830,477 2,122 Other trllding Activities Subsidiary in¢ome 1066 278 245 141 1311419 1.191420 Total 2,274.338 673.834 2,948,172 2,674.655 EXPENDITURE ON Charitable aetivities Salaries & wages Overhead costs ProjecE Costs 516 969,534 364,622 148,876 247.680 25.101 171,286 1,217.214 389,723 320,162 1.241,440 320,641 334,104 Subsidiary expBnditure 524 877 275 646 800 523 782,532 Total 2.007,909 719,713 2.727,622 2,678.717 NET INCOMEI(EXPENDITURE) 266,429 (45,879) 220.550 (4,062) Net movement In funds 266.429 (45,879) 220,550 {4.062) RECONCILIATION OF FUNDS To¢al fundi bro•Jght forw8rd 430.111 1,404,441 1.834.552 1.838.613 TOTAL FUNDS CARIUED FORWARD 696.540 1358 562 2 055.102 1.834 551 The statement of financial a¢tiviti¢s includes all gains and losses in th¢ year. All incoming re50urc¢s and Tesources expended deriv¢ from c4)ntinuing activities. Page 17
GROUNDWO ORTH WALES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OR T AR ENDED 31ST MARC 31.3.25 Totsl funds 31.3.24 Total fiJDds Unrestricted fund Restricted nd FIXED ASSETS Tangible assets Heriiage assets li 12 158.315 348.778 305.044 507,093 305.044 539,529 305.044 CURRENf ASSETS Stocks DeorS Investments Ca$h at bank and in h8nd 13 14 66.754 198.446 66.754 353,016 565,996 973 030 59.866 344,249 563.104 691551 154.570 565.996 961300 1,226,500 732.296 1.958,796 1,65&770 CREDITORS Amounts falling due within one year 15 {571,669) (27,556) (599.225) (576.295) NET CURRENT ASSETS 654.831 704.740 1359571 1.082.475 TOTAL ASSETS LESS CURRENT LIABILITIES 813.146 ,358,562 2.171.708 1,927.048 CREDITORS Creditors fallin8 due 8fi¢r one year 15 (116,606) (116,606) (92.497) NET ASSETS 696.540 1.358,562 2.055,102 1.834.551 FUNDS Unrestricted funds Restricted funds 17 696,540 358 562 430.110 TOTAL FUNDS 2.055.102 .834.551 The fin¢la7 stat¢m¢nts We appTov¢d by the Board of Trustees on 20th November 2025 and w¢re $igned on its behalf Nigel Reader CB . Trustee Page 18
GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDLD 3 1ST MARCH 2025 31.3.24 Total funds Unr¢stricted fijnd Restricted fund Tolal funds FIXED ASSETS Tongible Sets li 56,123 1556 58,679 110.026 CURREIYT ASSETS Stocks Debtors Cash at bank and in hand 13 14 22.012 152.362 399.311 22.012 222,664 424.846 17.974 298,864 277,584 70,302 25,535 573,685 95.837 669,522 594.422 CREDITORS Amounts fallin8 due wiihin one ye 15 (476,932) (25.857) (502,789) {544,841) IYET CURRENT ASSETS 69.980 166 733 49.581 TOTAL ASSETS LESS CURRENT LIABILITIES 152.876 72,536 225.412 159,607 NET ASSETS 152,876 72,536 225412 159.607 17 Unrestricted funds R¢stricted funds 152,876 71.697 87.910 TOTAL FUNDS 225 412 159607 The fumncial statements were approved by the Board of Truslecs on 20th November 2025 and were signed on it$ behalf by., Nigel Reader CBE Trustee Page 19
GROUNDWORK NORTH W ALES NOTES TO THE CONSOLIDATED FtNANCIAL TATEMENTS FOR TKE YEAR ENDED 31ST MARCH 2025 31.3.24 Noles Cash flows from optrxting •ctivl¢le8: Cash 8¢n¢ratcd from operations Int¢r¢st paid 283.602 (181) 134,285 Net Cash provided by (ujed in) operating actlvltles Cash flows from invejting aft1viti. Purchase of tgngible fed assets Sale of tangible fixed L8sets Intrrest received (71.987) (42,867) 7,000 Net cash provided by (used in) investing activill¢$ 29 46 Cash flows from flnan¢ln¥ a¢tivi¢ie$: Loan advance Loan reyMentS N¢t ¢a$h provided by (used In) finaneini ACtlvi¢ie$ 59.590 Ch*nge in eash and ¢a$h equlvalents in the reportlng period 281.479 104,339 Cash and ¢•sh equfvglents #t the beglnning of the reporting perlod 691551 587212 Cash and eash equivoltntl It tht end of the reporting perlod 973.030 691.551 RECONCILIATION OF NETINCOMEI{EXPEfiDITURE) TO NETCASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net Incom¢l{txpendliure) for the reporting period (as per the statement of finAnclal aetiviile8> Adjus¢ments for: Depreciation charges Profit I loss on dispos&l Revaluation of assets Interest received Interest paid Decreasel(increas¢) in invesiments Decre&sel(incrcasc) in slocks Decreasel(incrcasc) in debtors (Decre&se}lincrease in creditors 220,551 (4,062) 104,423 67.292 (173) (463) (5,921) (10,455) 181 (2.892) (6,888) (8.767) 58.411 (9,963) 126 (49,179} 136 628 Iyet ca8h provid¢d by {used ill) operating 8Ctivi¢ies 134,285 Page 20
GROUNDWOIU( NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMEwrs FOR THE YEAR ENDED 3 1ST MARCH 2025 31.3.25 31.3.24 Notes Cash flows from operating a¢¢ivitie8: Cash gen¢T&ted from operations 119.835 56.329 ct easb provided by (used in) operatln8 ctivitles 119835 Cash floivs from Invutlng a¢tivitie•: Purchase of tangible red aslS (4.657) {18.199) R¢valuation of assets 28,523 Intercst received 3.561 2.122 Net eaih provld¢d by (uied in} inv¢i¢in8 activltles 147,262 (16,077) ChAnge In e&sh And eash equlvAlents in the reportlng perlod 147.262 40.252 Cllsh and cash equivalents at the beglnning of tbe repDrting period 237 332 Cash and cash equlvalents at the end of the reporting period 424,846 277.584 RECONCILIATION OF NETINCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACThVITIES 31.3.25 31.3.24 Net incomel(expenditurt) for the reporting perlod (as p¢r th¢ jtattment of finaneial aetivillej) Adjustments for: Deprecialion ch8rge$ Int¢rest reiVed De¢r¢asel(increa8e) in stock5 De¢r¢as¢/{increas¢) in debtors (tk¢r¢aseyincrease in creditors 65.805 (42,883) 27,481 (3,561) (4,038) 76,200 42 052) 15.754 (2,122) (640) (72.850) 159.070 Net egjh provided by {uJed in) operaling a¢tivitie* 119.835 Pag¢ 21
GROtrNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 ACCOUNTING POLICIES Bas1J of preparing the financi81 $tgtementS The financial statem¢nts of the consolidated charitable CA)mpany. which is a public benefit entity under FRS 102. have been prepared in accordan¢e with the Charities SORP (FRS 102) 'A¢¢ounting and Reporting by Charities: Statement of Recommended Practice applicable to chitIeS preparing their a¢¢ounts in accordance with the Fin8n¢ial R¢porting Standard appli¢abl¢ in th¢ UK end Republic of Ireland IFRS 102) (effe¢tive l January 2015),. Financial Reporting Standard 102'The Financial R¢porting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. Th¢ consolidaled financial atements have been prepared under the historical cost convention. The charity's fiwclional and presentational currcncies are pounds sterling. Pr¢pArntion of the accounts oh a going ton¢ern bajii RelIar ¢onta¢l with the funders is maintsined with the immediate future of ihe charity for the next twelve months secured, and on that basis the charity ig a going o)nc¢rn. Bas18 of con8olldAtion The financial statements represent the consolidated fmancial position of the 8roup. This comprises Refurbs Flinlshire and Wild Ground. Groundwork North Wales is the sol¢ member of Refib5 Flintshire and Wild Ground. The financiAI staiemenls cannot be consolidated on a line by line due lo the variation5 betsveen the objects of each charity and ther¢for¢ each subsidiary 1$ included in tolai wiihin incoming resources and r¢sour¢e$ expended. All intra-group tran$&ctions are eliminated on consolidation. A separate Staterncnt of Financial Activities and Income and Expenditure Account for the charity h&s not been presented because the charity hLs taken advantage of the exemption afford¢d by section 408 of the Companies Act 2006. Income All income is recognised in the Statement of Financial Activilics once the group h&s entitlement to the funds, it 15 probable thlli the income will be received and ihc amount be measured reliably. Income from governrnenl and other grants, whether'copilal, grants or'r¢venu¢' grants, is recognised whenthe group ha8 entitlement to the nds. eny performon¢e conditions attached io th¢ grant5 have been rneL il is probable that the income will be received and the amount can be measured reliably and [5 not deferred, Income regarding services is recognised as the service is provided. Incomc is defrrr¢d where At is received in advance ofthe Service being provided. Interejt r¢¢eivable Interest on fvnd5 held on deposit is included when receivable and the pmount can be reliably mea5ur¢d by Ihe group. this is normally upon notification of the interest Paid or payable by the Bank. Expenditure Liabililies ar¢ r¢Lo8nis¢d as expenditure as soon gs there is a legal or constructive obligation committing the group to that exp¢ndiMr¢. il is probable that atransfer of economic benefits will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditur¢ is accounted for on an accruals basis and ha5 been classified under h¢adings that aggregat¢ all cost relat¢d lo th¢ category. Where costs cannot be directly attributed to particular heading, they have been allocated to activities on a basis consistent with the use of resources. Expenditure on charitable activities includes ihc Costs undertakeTh to further the purposes of the gTOUP and their associated support costs. Irre¢overabl¢ VAT 15 ¢harg¢d &$ a cost against lh¢ activity for which the expenditure was incurred. Page 22
GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDA TED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCI.1202 ACCOUNfiNG POLICIES- ¢ontinued Allocatioft of Jupport Costa Support costs are those funelions that assi the woffk of the group bul do not dir¢ctly undertake chilable activities. These costs have Ixen alloLated to charitable aciivities across each activity. Fund accounting Unrestricted fund5 can be used in accoTdan¢e with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular r¢stri¢t¢d putposes within the objects of the chaxity. R¢5trictions arise when specified by the donoT 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 finbncial slatemenls. TAXAtlon The ¢h8rity is exempt from ry)rporation t&x on its charitable activities. SignificAnt judgem¢ntJ and eitimatel In the application of the Company's accounting policies, management are required to make judgements. estimAte$ and assumplions about ¢arying valu¢$ of assets and liabilities that are not rettdily &vailable from other sources. The estimates and underlyin8 assumptions are b85¢d 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 eslimation uncertainty that have a si8nificant effe¢t on the amounts rccognised in the firwncial statements are (k$¢rilxd lOw. Eslirnated ugefvl lives and residual valu¢5 of fixed &8sets'. The carrying value of fixed assets are reviewed each year end for indicators of impairment triggers. Depreciation of tangible fLxed assets has been based on esttmaled useful lives and residual values (kemed appropriate by the directors. Estimated usefvl lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimakd use] lives used by other componies operating in the sector and actual asset lives and residual values. as evidenced by disposals during current and prior accounting periods. Tanglble fixed ajjeti D¢precialion is provided at the following a[Ual raies in order to WTil¢ off each asset over ils ¢slimat¢d usethl life. Fre¢hold land and buildings Specialised cycles Plant and machinery Fixtures and office equipmenl Motor vehicles Computer equipment - 2•/0- 14% on cost (down to residual value) - 20A on cost - 2/• on cosi - 2/0 on cost - 21Yh on cost Heritage asRtI The cEiarity's accounting policy for ils heritage assets is to value at cost where a sit¢ has been purchased or at fair value for donated sites. At present all sites have been acquired through section 106 agreements with local authorities. The charity has adopted the policy under FRS 102 section 18.19 to treatth¢ initia] valuation as deemed cost. No depreciation is provided in respect of freehold18nd. Sto¢kJ Stock is inCU¢d and valued at the lower of cost or net realisablc valu¢. Donated items of stock are recogniS at fair value which is the amount the group would b¢ willing to pay for the items on the open market. Page 23
GROUNDWOIU( NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL sTATENTs FOR THE YEAR ENDE ST MARCH 2 ACCOUNTING POLICIES- tonlinued Cost includes all direct expendire and an approprxale prop)rtion of fLK¢d and variable overheads. D¢btors Trad¢ and other debtors are reco8nised &t the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and provlslons Crcditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to 5cttl¢ ihe obligation can be measured orestimated reliably. Creditor5 And provision$ are nornially recognised al their settlement amount after allowing any trade discounts due. Penjion c0815 and other post-retirement benefits The ch3ritabl¢ ¢ompany operates a dcfined contribution p¢nsion h¢M¢. Contributions payable to the charilable company's pension scheme are Lharged to the Stsi¢m¢nt of Financial A¢livities in the period to which ihey relale. Finoncial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financi instruments. Basic finan¢ial instruments are initially reco8ni8cd at transaction valu¢ and subsequently measured at their settlement value. Legal Jtatus of lh¢ ¢rn$t The trusi is acompany limikd by guarant¢C ond has no sh8CaPital. The charity's registered number and registered otrice addres5 can be found on the Company Informalion page. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Grants 661 105.000 1,714 105.000 105.661 106,714 Grants received, included in the above, are as follows: 31.3.245 31.3.24 Welsh Government 105.000 105.000 INCOME FROM CHARITABLE ACTivrriES 31.3.25 31.3.24 Actlvity Income from charitable activities Other trading in(x)me Interest 784.435 736.202 10.455 543.922 830,477 2.122 1531092 1376.521 Page 24
GR DWORK NOR TOTHEC NSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 T MARCH 2025 TE CHAIUTY SUBSIDIARtES In January 2016 the charity became the sole member of Refurbs Flintshire, a charitable company. limited by guarantee and incorporated on 5th February 2002 in England and Wales. The registered offic¢ is Unil 1-3, Aber Park. Aber Road, Flinl, Flintshire. CH6 SEX. Company number 04367121, charity numbeT 1093176. objects of the chlty 8r¢'. - To relieve poverty by the provision of quality affordable furniture and household good5 to members of the loc community who are in need. To ¢oiidu¢t research and collect information in order to educate th¢ ¢ornmunity about the economic, social and environmental benefits of re-use and recycling and the reduction of pollution and protection of the environment that result5 from these activili¢s' Tu Lon5erve and protect the physical and natyral environment by the promotion of sustsinable waste management practices in accordance with the best practical environmental option,. To relieve unemployment by improving the employability of disadvantaged individuals through the provision of work placement, training and volunteerin8 Opportunities. A summary of the resulti (Includlng con8olldatlon adjustments) is #hown below 31.3.25 31.3.24 Summgry Income and Expendlture Aceount: In[ning resources Intra Eroup transactions Tot#1 intoming resoure¢A 930.076 554 927522 849,393 844,686 R¢sourc¢s ¢xpcnd¢d Intra group tran5actiun$ Ttst81 rejoureej expended (836,869} (862,887) 15 (708,153) (726,798) Contributlon for the tln8nelo1 year 200,724 136,S33 Summary Balan¢¢ Sheet: Totsl Sets 865,748 673,160 Total liabilities 136 824 Net assets 629 543 536.336 R¢slri¢t¢d funds carried forWd Unr¢strict¢d funds carried forward 347 160 282 383 404.972 CHARITY SUBSIDIARIES {¢ontiny¢d) In November 2016 the charity becgme the sole memb¢r of Wild Ground, a charitable company. limited by guaran1¢¢ and incorpornled on 6th December 1999 in England ond Wales. The registered office 15 3-4 Plas Power Road. Tanyfron. Wr¢xham. LLI 15SZ. Company number 03889382. charity number 1080838. The objects of the charity are:. To promot¢ assist in th¢ preservation and conservation of land mainly in th¢ are& of benefit which is of ucational and s¢i¢ntific interest to the general public including land within which the wildlife is in need of prot¢¢lion and in¢Luding the improvement and maintenance of public poxk5, to educate the public in all matters conc11n8 wildlife and nature conservation in urban areas. A $umm*ry of the results (ineluding eonsolldatlon adju$tment$) is shown below. Page 25
GROUNDWORK NO TH WALES NOTES TO THE CONSOLIDATED FANCIAL STATEMENTS FOR THE YEAR ENDED Jls'f MARCH 2025 31.3.25 Summ*ry Income and Expenditure Account: Incoming resources Intra group transactions Total incoming re50ureei 366,428 Resource5 expended Intra group transactions Tot)Il rtsourcei expended (332.103) 258 378 (314.111) 239 Contrlbu¢loft for the financlal year 317,066 272,356 Summary Balonee Sheet: Total as5¢ts Total liabilities .297.070 1,251.993 Net Rssels Restricted fund5 carried forward Unrestricted fU[S carried forward 938,866 261281 911,559 227 050 CHARITABLE ACTIVITIES COSTS Direet cost of a¢tiYitie$ Expenditure on projects eompriged: Support costs Total 202S Tot812024 SiatT& overheads Project costs 1.253.064 353,873 1.606.937 320 162 1,927,099 1,562,081 334 104 1896 185 1573 226 353.873 DIRECT COSTS OF CHARITABLE ACTIVITIES 31,3,25 31.3.24 Staff and overheed cost5 Project costs 1.253,064 320 162 1.161.181 1573.226 .495 285 NET INCOMEI{EXPENDITURE) Nel in¢Om¢/(expenditt¢) 15 5tal¢d aft¢r ¢h8rging/{crediting): 31.3.25 31.3.24 Depreciation- owned assets Auditors, remuneration Operating le&ses 104,423 8,595 67,292 8,175 Pag¢ 26
ROtrNDWOBK NORfH WAL NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31S CH 2025 TRUSTEES, REMUNERATION AND BENEFITS There were trustees, Temuneralion or other benefits within the group for the year ended 31st March 2025 nor ftir the year ended 31st March 2024. Trustees, expeniej Trustees, expenses within the 8roiip amoiintd to £nil during the year (2024.. £nil), STAFF COSTS 31.3,25 31.3.24 Wages and Salaries Swial security cosis Other pension costs 1.665,946 132,316 1.672.870 117,800 71.393 1869 818 862.063 The average monthly numb¢r of ¢mployees during the year was &8 follows.. 31.3.25 33 31.3.24 35 Direct charitable Fundraising and publicity Governance Wild Ground office and management Reojrbs Flintshire 21 21 65 69 Key managemenl salaries in the year amounted to £147.850 (2024.. £146.287). STAFF COSTS- CHAIUTY {CONTINIIED) The number of employee5 wh05¢ ¢mploy¢e benefits (excludin8 employer Fnsion costs) ¢xceeded £60.000 was: 31.3,25 31.3.24 £60,001- £70,000 The stsff numbez$ &bove relate to fvll time equivalents. io. SURPLUS OF PARENT CHARITY A5 permitted by section 408 of th¢ Companies Act 2006, the Statement of Fin8J]¢ial Artivities of the warent charity is not presented as part of th¢s¢ fman¢ial ststements. The parent charity'5 surplus l (d¢ficit) for the fmancial ye was £65,805 (2024.. (£42,883)). Page 27
GROUN RK NORTH WALES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ORT YEAR ENDED 3 1ST MARCH 2 ii. TANGIBLE FIXED ASSETS- GROUP Pl&nL fixttyes & Computer equipment Land & buildings Specia]ised cycles Motor vehicles Tolais COST At 1st April 2023 Additions Disp)sals 497.569 51.620 465.783 7,040 131.673 64.947 18.6811 1.146,645 71.987 164.587) 45,906 At 3 1st M8r¢h 2025 451,663 472.822 177 939 1.154.044 DEPRECtATION Ai Isl April 2024 Charge for year Eliminated on disposal 112.770 36.820 45.906) 7.694 29.556 398.219 26,223 88.432 11.824 18.681) 607.115 104.423 (64.587) Ai 31st March 2025 103 684 424.442 646.951 NET BOOK VALUE At 31 st March 2025 347.979 14,370 At 3 1st March 2024 384.799 43.926 539.529 TANGIBLE FIXED ASSETS- CHARITY Fixtures & o)Tice equipment Land & buildings SpeciRlised cycles Motor Yehicles Tot815 COST At 1st April 2024 Additions Diswsals 71,567 51.620 275.992 4.657 58,697 457,876 4,657 64.587) 45 906) 18.681) At31st Mwch 2025 51,620 397.946 DEPRECIATION Ai 1st April 2024 Charge for year Elimitialion on disp03al 52,067 11,500 45 906) 7.694 29.555 237.385 13.030 50.704 1,918 18.681 347,850 s6,3 64.587) At 31st March 2025 250.415 NET BOOK VALUE At 3 1st March 2025 6,075 At 31st March 2024 43.926 38,607 110.026 Page 28
GROtrNDWORK NORTH WALES TO THE CONSOLIDA'fED rrNANCIAL STATE FOR THE YEAR EN ED 31SI" MARCH 2025 TE ENT 12. HERtTAGE ASSETS- GROUP Siies of specific scientific interest Totals COST Ai 1st April 2024 Additions Disposa]s 305.044 305.044 At 3 1st mOh 2025 305 044 305.044 DEPRECIATtON At 151 April 2024 CharB¢ for ye Eliminaled on disposal At 3 1st March 2025 NET BOOK VALUE At 31st March 2025 305,044 305,044 At 3 1st March 2024 305.044 The directors hav¢ valued the Heritage Assets having sought advice. HERITAGE ASSETS- CHARITY There are no Heritage A55¢t5 in the Parent Charitable Company's Bal¢¢ Sh¢et. 13. STOCKS- GROUP 31.3.25 31.3.24 Stocks STOCKS- CHATy 31.3.25 31.3.24 Stocks 14. DEBTORS: AMoifNTS FALLING DUE WITHtN ONE YEAR- GROUP 31.3.25 31.3.24 Trade debtors Other debtors Prepayments and accrued income 241.421 2.406 109 188 256.549 2.625 85.075 353,015 Page 29
GROUNDWOBX NORTH WALES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR TFLE YEAR ENDED 31ST MARCH 2025 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR- CHARITY 31.3.25 31.324 Trade debtors Other debiors Prepayments and aU¢d income 155.305 (219) 67.578 231.646 67.218 222,664 298,864 IS. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR- GROUP 31.3.25 3J.3.24 Trade creditors Social security and other tLxes VAT Accruals and deferred income Loans 93,189 41,433 59.947 398.769 56,327 41.273 77,291 401.406 599,225 576,297 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- CHAIUTY 31.3.25 31.3.24 Trade creditors Social 3¢curity and other taxes VAT AG¢ruals & deferred income Inler-comporly loans 58,405 34,088 38,170 293.805 40.213 34.595 32.934 338.777 502 789 544 842 Deferred Income: Deferred income is in relation to gr8nts ihai hav¢ been rec¢iv¢d but which relate to a period &ft¢r the year end date of the 31st March 2025. This income will b¢ in¢lud¢d in the following year end and spent within this period in accordance with the conditio$ set out in the fvnding a8r¢ement. 31.3.25 31.3.24 Balance as 81 1st April Amoithi deferr¢d at y¢ar ¢nd {332.548) 264.981 (176.856) 332.548 Amount rele&sed to income 155 692 16. OPE114TING LEASE COMMITMENTS- GROUP The following operating leas¢ payments are committed to be paid within one year.. 31.3.25 31.3.24 Expiring.. Within one year Bett¥een onc and five years Pag¢ 30
GROUNDWORK NORIH WALES NOTES TO THE CONSOLIDATED FfNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 OPERATING LEASE COMMITMENTS- CHAIUTY The following operating le&se payments are committed to be paid within one year.. 31.3.25 31.3.24 Expiring.. Within one year Between one And five years 17. MOVEMENT IN FUNDS- GROUP Net movement in funds At 1.4.24 At 31.3.25 UDreAtri£ted fund General fund 430,111 266,429 696.540 Reitrl¢ted funds Wild Ground Refvrbs Flinlshire HLF Clywedog Valley Partnership Wrexham Schools 2024-25 Park Adfer- Growing Together Deeside Austin and Hope Pilkington- Food Povety FLVC Growing WCBC Community Growing Project Ph 2 Principality Wrexham Schools 2023-24 Movin8 on Wrexham Nhlioftwide Happy F8rnilies Safer Streets 5 Co-op Dee Valley River Gwenfro SSS Urtder8pend- out of hour5 delivery Alyn Waters Events Buckley Events Brilliant Basics- Digital Kiosks 911,559 404,972 27,307 (57.812) 4,263 8,246 16,586 4,977 780 8,452 938,866 347,160 4,263 8.246 16,586 4,977 780 8,452 347 347 4,683 1,035 53.219 616 2.526 20.699 62 140 107 (4,683} (1,035) (26.890) (616) (2,526) (20.699) (62) (140) (107) 26.329 Restri¢¢ed fvnds 1404441 45 135856 TOTAL FUNDS 1834 552 220 550 2.055.102 MOVEMEiYf IN FUNDS- CHARITY Net movement in funds At 1.4.24 At31.3.25 Unrestrlcted funds General fimd Restricted funda HLF Clywedog V&ll¢y Partnership Wr¢Kham Schoo15 2024-25 Park Adfcr- Growing Together De¢5ide Austin and Hope Pilkington- Food Poverty FLVC Growing WCBC Community Gmwing Pioject Phase 2 Brilliant Basics- Digital Kiosks Principality 71.697 81.178 152.875 4,263 8.246 16.586 4.977 780 8,452 (1,920) 4,263 8,246 16.586 4,977 780 8.452 2.556 347 4.476 347 Page 31
GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 Wrexham schools 2023-24 Moving on Wrexham Nationwide Happy Families Safer Streets 5 CO-OP Dee Valley River Gwcnfro SS5 Undersp¢nd- out of huurs delivery Alyn Waters Events Buckley Events (4.683} (1.035} (26.890) (616) 12,526) (20,699) {62) (140) 107 53,219 616 2,526 20,699 62 140 107 26.329 Restricted funds 10 T(7fAL FUNDS 159.607 65.804 225.411 All carried forwgsd funds have been agreed as carryover and be spent in 2025-26 NET MOVEMENT IN FUNDS- GROUP Net movement in funds, included in the above ore as follows.. Incoming resources Resources expended Mov¢m¢nt in funds Unrestricted fundjj General fund 2,274,338 (2.007,909) 266.429 Restricted fundi Restricted liind 673,834 (719,713) (45.879) TOTAL FUNDS 2 948.172 2 727.622 220 550 NET MOVEMENT FUNDS- CHARITY Net movement in fund5, inGlud¢d in the above are as follows.. lftcotning resources Resources Movement in expended fund8 Unrestri¢t¢d funds General fvnd 1.566,915 (1,485,736) 81,179 Restricted funds Restricted fund 428.693 (444.067) (15.374) TOTAL FUNDS 1,995.608 1.929.803) 65.805 Page 32
GROUNDWORK NORTH WALES NOTES TO THE CONSOLIDATED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 COMPARATIVES FOR NET MOVEMENT IN FifNDS- GROUP Net movement in funds, in¢lud¢d in the above are as follows: Incorning resources R¢sour¢¢s Movem¢nt in ¢xp¢nded funds Unrestricted fvnds G¢ner81 fund 1,933,214 (1.930.100) 3,114 Restrlc¢ed fundi Restricted fimd 741.442 (748,617) (7.175) TOTAL FUNDS 2.674.656 2.678 717) COMPARATIVES FOR NET MOVEMENT IN FUNDS- CHAIUTY Net movement in funds, included in the abov¢ are as follows.. In¢oming resources R¢sourc¢s Movement in expended fijnds Unr¢Jtricted fundi General fund 1,394,787 (1,413,112) (18,325) Restritttd fundi Restricted fund 474.927 (499,485) 124.558) TOTAL FUNDS 1.869714 18. CAPITAL COMMITMENTS- GROUP AND CHARITY 31.3.25 31.3.24 Contracted but not provided ftii in th¢ fjnancial statement5 Pag¢ 33