Company No: Reg. Cbarity No: 02691690 1010183 CEREBRAL PALSY CYMRU ANNUAL REPORT AND FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2024
CEREBII4L PALSY CYMRU INDEX TO FINANCIAL STATEMENTS Page No. Report of the Trustees 14-17 Independent Auditor's Report 18 Ststement of Financial Activities 19 Balance Sheet 20 Cash Flow Statement 21-33 Notes to the Financial Statements
CEREBRAL PAISY CYMRU TRUSTEES REPORT YEAR ENDED 31ST MARCH 2024 The directors and trustees have pleasure in prnting their annual rq)ort and financial ststements for th¢ year ended 31# Marth 2024. Ob eetives and Aetivities The Charity's main objects as set out in the governing document are, 0 provide treatment and care for hildren and adults with cerebrnl palsy. to provide teachin& training and other facilities to physiotherapists. speech therapists and occupational therapis and to und¢rtake Kientific research work into th¢ cause, effects and treatment of cerebral palsy." The Charity's Mission stat¢ment is: o improve the quality of life of all children in wal livtng with c¢brnI palsy" This is done through the provision of individual therapy and other related intervention& providing a range of physiotherapy, occupational thernpy, and speech & language therapy interventions, in a transdisciplinary way, for children aged O-18 with cerebral palry or related n¢urological conditions, both in the Centre and at external sites. The charity delivers its services using a family-centred model which aims to be inclusive and respectful, providing a supportive environment which enCOurn8 ¢O-production with families. The Charity's activities include the provision of training to rA)mmunity thernpists and those involved in the care of ¢hildren with cerebral palsy, and the undertaking of audit and small-scale research into the effectiveness of the service and treathients for cerebral palsy. Publlc Benefit The Trustees have ref¢rred to the guidance contained in the Charity Commission's general guidance on publi¢ benefit when reviewing the Charity's aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objKtives they have set. The aims of the Charity benefit the public by providing treatments that offer suppo¢ relief, and assistance to th05¢ with a disability (c¢rebral palsy and allied neurological conditions), promoting understanding and expertise in the trealment of c¢rebrnl palsy. and offering an empowerin& empath¢ti4 knowledg¢abl¢ environment in which children with cerebral palsy and their families Can receive assistan¢¢. In addition to the above, public benefit is achieved through: Providing a free at point of acc$ early intervention service Better Start Better Future. Dissemination of expert knowledge to families, clinical colleagues. and the wider Community Development of a Cerebral Palsy Register for Wales to provide inforniation about the population in Wales livin8 with cerebral palsy and to drive service development and improved quality of life.
CEREBRAL PALSY CYMRU TRUSTEES. REPORT YEAR ENDED 31 Trl4RCH 2024 Achievements and Performance 2023-24 TherApy Using a combination of face-to-face and virtual appointments and covering locations across Wale Cerebral Palsy Cymru saw 301 Individu children in 2023-24. providing them with a total of 1121 appointsnents. Every intervention and session is individual to th¢ child attending. Our standard intervention consists of seeing a child for a cours¢ of sessions (usually 5 or l O) at our centre and usin8 the time to work towards particular goals for that child. In addition, as part of our contrdcts with the Welsh NHS boards, we undertook interventions at sites local to families (NHS centres and schools), enabling children to be treated in a familiar, local setting. which could also be easily accessed in person by local therapists. This aids cornmunication and sharing of knowledge and is viewed very positively by local managers who see it as an opportunity for their therapists to upskill as part of their CPD. The therapy team works in a transdisciplinary manner. combining their specialist skills from either a physiotherapy, occupational therapy, or speech & language therapy backoUnd, to provide a service tailored to each Child's needs. Th¢ Family Support Coordinator works Closely with th¢ therapy team to ensure a holistic approach to providing support. Eh child attending for therapy receives a detailed home programme, to enable them to continue therapy activities at home and build on the progress achieved during their treatment. Along with a report on the th¢rapy intervention. these programmes are also circulated to NHS colleagues and other professionals associated with the child, with the consent of the parents. Service models may includ¢ full reports andlor home programmes depending on need. A key component of the service is giving parents th¢ knowledge and skills to manage and support their children at home. ensuring that the benefits of the therapy sessions are extended. Family Support For a variety of reasons, Cerebral Palsy Cymru is oft¢n the first point of specialist contact for families with a baby at risk of or diagnosed with cerebral palsy. To provide the best support possible for parentslcarers at this point in the?r journey, a senior therapist and the Family Support Coordinator will meet the baby and family for an initial consultstion. Many of these babi go on to ben¢fit from our early intervention service, Better Start, Better Future, and this initial assessment is vitsl in providing families with support and infonnation at an early stage. During th¢ year, 87 new babies were referred to our Bett¢r Start Better Future servic¢ and Cerebral Palsy Cymru was able to provide direct support to them and their families. delivering 73 sessions with a Family Support Co-ordinator for pantS and carers of children and babies with cerebral palsy. This service is often the first contact that a family has with the charity and is key to providing family members with a consistent point of contac( as well as general 5UPPOrt and advice on specific topics as required. As a vital part of our work supporting th¢ wider family, w¢ ran I I monthly play groups enabling face-to face contact with and between parents, carers and children. These are important to give families a chance to meet others with a child with Cerebral palsy. build networks and have a chance to Share concerns in a safe environment. In January 2024, our Family Support Coordinator, who is also one of our founding parents, indicated h¢r intention to retire at the end of 2024. In order to preserve the quality of the service we offer families and ensure a seamless transition, an additional Family Support Coordinator (a parent of a child with cerebral palsy who has used our services) has been re¢Nitsd and the two hav¢ worked alongside each other in 2024.
CEREBRAL PALSY CYMRU TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 Achievements and Performance 2023-24 continued Covproductlon and serviee user feedbAek As a family-centred organisation. families are regularty asked for feedback regarding their needs and experience of the service they have received. The charity uses these findings to ¢nsure that everything we do is family Centr and focussed on children's needs. Training The training and development of our staff is important to the service we provide. Each therapist ¢mployed at the Centrc has an individual l¢arning & development plan which supports their continuing professional development. Training is both external and internal ranging from specialist clinical topics to manual handling. Clinical staff attended confer¢n¢es and meetings relating to cerebral palsy and paediatrics organised by the organisations b¢low as well a5 other events related to specific thcrapy disciplines: European Academy of Childhood Disability (EACD) British Academy of Childhood Disability (BACD) Association of PaediatriG Chartered Physiotherapists (APCP) International Alliance of Academies of Childhood Disabilty (IAACD) Non-clinical stsff undertook learning and d¢velopment in a wide range of relevant subjects. Topics in¢luded first aid and resuscitation, manual handling. fvndraising and charity fman¢e. Researeb & SharlDg Knowledge As part of the Centre's commitment to increasing knowledge and improving practice, members of the th¢rapy team are encouraged to share their expertise via various teaching opportunities and networking ev¢nts. The Strategic IAd for Clinical Effectiveness continues to focus on the important work of audit and evidence development. This focus¢s on demonstrating the value of the expert therapy and the effectiveness of the Centre in the context of national and international review. This work he)ps us ensure that the best possible service and therapy are provided. We continue to develop links with and support many national and international organisations. The work of the British Association of Bobath Trained Therapists (BABTT) is supported at national committee level by the Centre Director and the Therapy Manager. Two therapists are the Welsh representatives for the British Academy of Childhood Disability (BACD). The Centre Director is an active member the IAACD Global Professional Education Committee and was apFX)inted Chair in December 202 I she is also Curator for the IAACD Knowledg¢ Hub and Chair of the L4ACD Nominations Committee. The Centre Director is also and an Expert Advisor for EISMART and Co-Lead of the Cerebrnl Palsy Register for Wales.
CEREBRAL PALSY CYMRU TRUSTEES. REPORT YEAR ENDED 31ST MARCH 2024 Achievements 8Dd Perforniance 2023-24 coDtiDued Teaching In line with the charity's objectives. the development and provision of training courses has continued throughout the financial year. The training Courses include: The Early Intervention and Assessment for Infants and Young Children at High Rlsk of Neurodevelopmental Problems- a practical and evidence•based approach course Clinical Analysi& Treatment & Management ofcerebral Palsy- A Multidisciplinary Approach Unilateral Cerebral Palsy- A Prnetical ApplieAtion These training courses have proved popular and have been attended by delegates from across the UK and abroad. As part of Cerebral Palsy Cymru's aim to share knowledge, course development and the methods by which courses are diss¢minated, will be further developed in the futur¢ years. Our Impaet In 2023124 we received 250 responses to our parent feedback fornis which are completed after every intervention, with the following results: I OOll/o rating the quality of our service between 8-1 O out of10. 980/0 rating their satisfaction with the therapy session they received as 8-1 O out of10. 980/0 rating the level to which the therapy session had contributed to the knowledge and understanding of their child's needs as 8-1 O out of10. 940/0 e1ft8 a positive change in their child's abilities as a result of the thernpy sessions. for exampl "The difference in his abilities from the beginning of our sessions to now is astounding. This servi¢¢, the team, the centre is a lifeline for parents like us." I OOO/o saying of families saying 'y¢s'. the therapy se&sion has addressed their concerns, whether partially, to a large extent or completely. IOOD/o of families finding our Family Support Servirx 'valuabl¢.' "l cried the first time I spoke to Glenys. I felt like it was the fwst time I was really listened too. I will nevcr for8et that., From our annual Family Support Surv¢y sent out to parentslcarers in March 2024 we learned thaL' The most popular answ¢rs to the question 'How has our Famity Support Service held you during your time at Cerebral Palsy Cymru, were: Providd inforniation and advice on how to access support for your child. Provided practical support; Made me feel more positive and confident al)out the future. The most popular answers to the question 'lf you attend our Better Start Together monthly playgroup. how has attending it helped you?, were; Provided emotional suppor¢ Made me feel more positive and confident atK)ut the future: Provided pra¢tical support. 6 Iyo of families said they hadn't reccived support for their family (i.e emotional support anivor from a Family Support Service) from anywhere else oth¢r than Cerebral Palsy Cymru. Since July 2023. we have started to measure families, level of StresConCern b¢fore they have their first point of contact with us (usually a phone call with our Family Support Coordinator) and after that contact. We have seen so far that 26 out of 38 parent¢arerS (68 % ) who responded are showing a d¢creas¢ in the l¢vel of stre5cOncl after their first contact with us. From feedbacK this was largely due to Paren¢8rerS fling support, listened to. more hopeful that help was availabl¢ and understanding more about th¢ El prngramme. 500/0 of responders had a baby under 6 months old.
CEREBRAL PALSY CYMRU TRUSTEES. REPORT YEAR ENDED 31 MARCH 2024 AehlevemeDts and PerfonDanee 2023-24 continued One parent said of our service. "Ai ihe lime ofour inilial consultation, I Waf suffering wilh my own menlal healih struggles ¢7nd queslioning ry ability as aparenl lo manage ry children (extreme premalure babies) and everyone made iheprcyess (md assessmenl eIer iknn J had made myself believe 1¢ would be. They also helped me see Zh J had been doing ihings ¢0 help my daughter develop wiihoul reallslng. Theypui my mind al ee and even helped me wilh my (mxiety around weaning onto solids. The assessmenl was very deiailed and informalive along wilh ihe advice. The serviceprovided me wilh suppori tmd reofsurance al a lime where Ifeli J WQfn t supporting my child in ihe best way. and we are gralefvlfor the service tmd ils supporl. ' Income Generation More than 800/0 of Cerebral Palsy Cymru's income now comes from donation4 8ifts in wills, trusts, our charity shops, fundrnising event8 corporate patherships and donations. We continue to be hugely grateful to all of our supporters for helping us to make a life4hanging differ¢nc¢ to children and families livin8 with cerebral palsy across Wales. Fundrglslng Fundraising had an extremely successfvl year- securing the most the charity has ¢v¢r achieved in one year in ternis of revenue income. During 2023124. we hosted 3 fvndrnising events includin8 reinstatin8 our Better Start Ball for the first time since the pandemic. Hosted on 61hoctober 2023 - World Cerebral Palsy Day- the Ball was a huge su¢¢ess, achieving gross income of over £32,000 (including headline sponsorship from Slater & Gordon Solicitors). During the Ball we wcrc delighted to announce Welsh Paralympian, Olivia Breen, who was diagnosed with cerebral palsy whcn she was 2 years old. as a new cebraI Palsy Cymru Ambassador. Throughout the year, many of our service UrS and supporters undertook fundraising Ghallenges in aid of Cerebral Palsy Cymru. These included one of our children climbing the equival¢nt of the Empire State Building's 102 floors and 12 Fire Fighters from the Mid and West Fore and Rescue Service cycling from Land's End to John O'Groats! Over 50 people ran Th¢ Cardiff Half Marathon for Cerebrnl Palsy Cymru. raising over £23k. We continue to be inspired by. and grateful for. the huge efforts made on our behalf. Digital fundraisin& although slowing down across the $tor. continues to be an important income stream for Cerebral Palsy Cymru. Durin8 the year we participated in The Bi8 Give Christmas Challenge, raising over £20k for our early intervention service in just 7 day& and ran two Facebook Fundraisers. In addition to raising vital income. th¢s¢ challenges recruited new supporters and fundraisers from right across Wales. Throughout the year. we continued to nurture the special latIOnShIpS that we have with our corporate partners. including Slater and Gordon, Mowgli Street FOCKL Hugh James, NFU, Irwin Mitchell and Blu¢ Self Storage, all of which have Support eventy campaigns and appeals throughout the year, as well as naming spaces within the Centre. Trusts income continues to be one of our largest SoUeS of support. We would like to extend special thanks to the Moondance Foundation, the Nation ttery Community Fund, the Garfield Weston Foundation, Children in Need, the Waterloo Foundation. the Mosawi Foundation and the Masonic Charitsble Foundation in particular for their vital supp)rt during the year.
CEREBRAL PALSY CYMRU TRUSTEES. REPORT YEAR ENDED 31sf MARCH 2024 Acbievements and Perforniance 2023-24 Continued During 23124, we were fortunate to reLYive £230.000 in legacies ineA)m¢. This included one significant legacy gift of £200,000 from a donor who had lived with cerebral palsy and sadly passed away in 2020. We were aware of this generous gift whilst planning annual spend and were able to invest part of it in the sel up and interior desi} of our Whitchurch shop. Cerebral Palsy Cymru is a member of the Fundraising Regular and as such, we ne¢d to report that no mplaints have been received in relation to fundraising in 2023r24. The in-house Fundraising and Communications *am operdtes in line with best practice. as outlined in the Code of Fundraising Practice, across all of the various tyS of fundraising undertaken. This work is sUPPOrted and strengthened by a Fundraising Committee including two Trustees with leVant expertise and experience. Retail Retail rA)ntinueA to play a crucial role in supporting our charity. creating a net contribution of £90k during the year. Despit¢ a strong start to the year, a wet winter-particularly through February and March - negatively impacted footfall and sales across the retail $tor. A decision was made to close the charity'5 Talbot Green shop. which was no longer financially viable due to its size and op¢rntional difficulti¢s in processing donations. The shop's l&st trading day was 3 February 2024. Following its closurfy the store manager dexided to retir4 while the deputy manager and several volunteers transitioned to our new shop in Whitchur¢h. On I st March 2024, wc opened our largest retail space to date in Whitchurch. This shop significantly inCrseS our Capacity for pro¢essing and storing incoming donatio allowing us to scale up our operations. The opening was delayed by six months due to lease negotiation challeng¢s, but the new location has already shown great promise in boosting our r&ail efforts. Retail Gift Aid remains an essential source of income for the charity. This UK scheme allows us to claim an extra 25Yo on the sale of donated goods from taxpayers. In 23n4. retail Gift Aid generated an additional £1 I k for the charity. The introduction of tablets in ¢ach shop has streamlined the process, and we anticipate further increases in Gift Aid contribution5 in the coming y&qra. Across all our shops and online platfonn4 we sold over 133,000 pre-loved items in 23124. Additionally? we recycled 8 tonnes of textiles and household items through our zero-to-landfill recycling partners, reinforcing our commitment to sustainability. Other income generating activity With the aim to further diversify our income stream% we piloted the provision of self-funded (private) therapy for families requiring extra or specific supporL Cautious proj¢ctions have been included in the budget moving forward whilst we continue to test the maTketldemand for self-funded therapy although it is our intention that charitably funded Provisio (klivered free of charge to familie4 will continu¢ to make up the vast majority of our work. We also undertook some preparatory work in relation to leasing out part of OUT building with a viw to acquiring two new commercial tenants in 2024n5. Pern)ission has been granted from Welsh Government for this.
CEREBRAL PALSY CYMRU TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 Achievements and PerfonnaDce 2023-24 eontinued CAmpalgniDg? Influencing and Advo¢a¢y In addition to strengthening our privat¢ sector and fundraising income, in April we presented a business cas¢ to Welsh Government for support for our pioneering early intervention programme, Better StarL Better Future, which has been funded entirely from third and private sector support sinc¢ it was established in 2015116. This proposal was turned down but discussion and lobbying activity continued throu8hout the year. This has included briefings for all Members of the Senedd on the impact of our work in their constituencies. and regular meetings with D¢puty Health Minister. Julie Morgan and other Minist¢rs. In March, we hosted an event at the Senedd to highlight the need for our services and th¢ difference we are making to children and families livin8 with cerebral palsy across Wales. We also submitted evid¢nc¢ to inforn] the Health and Social Care Committee's inquiry into supporting people with chronic conditions. The charity ran an ¢ducation and awareness-raising campaign around Cerebral Palsy Awareness Month (CPAM) in March 2024. W¢ were thrilled to see so many businesses, schools, families and supporters Boing green to help u5 raise awareness. (Green is the official colour for cer¢bral palsy awareness), The Fundraising t¢am attended schools, businesses and community groups to do CP awareness talks. This year we also introduc¢d green awareness ribbons and wristbands and actively sold them to our supporters I those wishing to support the campaign, as well as gifting them to key supporters and asking all Members of the Senedd to wear them throughout the month. Additional PR was generated when Roath Park Lake and Cardiff C&stle decided to 'Go Green, in support of the campaign. We were delighted to be shortlist¢d for Welsh Charity of the Year (Health¢are Category). Our therapy team was very active in presenting our work to external organisations and conferences worldwide, with our Lead th¢rapist for early intervention presenting at a Neonatal Conference in London in September, and the Centre DITtor presenting at a virtual conference in the Ukraine. In October, the C¢ntre Director was invited to Hebei Children's hospital in Shijiazhuang, chin to visit therapists and doctors there, discussing intervenlions and presentin8 at a conference to dcmonstrate and share the therapy skills and concepts we use in Wales. In December, we hosted the UK hour of the International Alliance of Academies of Childhood Disability's 'Global Listening and Sharing, event on the topic of. 'What adults with disability tell us about their childhood,, learning from peopl¢'s past to inforni the future. Our work to develop the Cerebral Palsy Register for Wales continued throughout the year. This involves co-leading a Steering Committee with professionals from all health boards and over l2 different heallh spe¢ialisms, plus individuals with lived experience and members from Digital Health and Care Wales and will collate data to help facilitate better planning of seryices, housin& raise standards of care and ultimately reduc¢ the incidence of cerebral palsy. This proj¢¢( when complete. will result in Wales being the first nation in Great Britain to have a C¢r¢bral Palsy Register.
CEREBIL4L PA CYMRU TRUSTEES, REPORT YEAR ENDED 31sf MARCH 2024 Achievements and Performanee 2023-24 CODtiDued Volunteers As a charity. the time and effort put in by our volunteers are vital to our opmtions and make a huge difference in what we are able to ach?ev¢. Over 80 regular volunteers work in our shops and therapy centrc, contributing their time and energy to support our mission. In March 2023. we appointed a new HR and Volunteers Manager. Over the past year, this has allowed us to enhance our volunleer processes and stewardship. as well as focus on extending our volunteer b&s¢. In March 2024, w¢ were awarded £25k from the WCVA to implement a l2-month Volunteering Projrft to develop and grow our volunteering prowme. Thi5 includes embedding a comprehensive training and development plan for all volunteers. tailored to their roles and aspirations. Several volunteer groups have made significant contributions to the Ccntre's worfc and fundraising over the years. Special recognition goes to th¢ Friends of Bobath Wales and the Cwm Crafters. whose generous and ongoing support deserves our heartfelt thanks and gratitude. We extend our sincere apprecilOn to all of our volunteers. including our muc1valued corporate volunteers who bring their exp¢rtise and ener to various Projec and to our trustee& whose guidan¢e and commitment are essential to our success. FlnAneial Review Reserve8 And Reserves Policy The Trustees have reviewed the reserves l¢vel& in line with Charity Commission guidance and set aside contingency reserves of £300,000. This amount is set to cover approximately 2 months, worth of running costs. Reserves are reviewed on a regular basis. The revenue reserves at year end were £362,579 and the Trustees further consider that an optimum level of retained revenue reserves of £500.000 15 a reasonable tsrget for future years. Reserves on 31 st March 2024 amounted to £3.382,143. This is mad¢ up of £1.997,886 of restricted funds, as detailed in note 15 in the OUnts and £1,384.257 of unrestricted fvnd4 as detailed in note 16. Of the unrestricted funds. the Charity Development Fund (£721,678) is designate& having been initiated by an exceptional donation received during 2017118 from The Moondanc¢ Foundation for specific activities, including the building refurbishmenL as detailed in note 16 in the accounts. Allowing for this commitmenL adjusted free reserves at 3 IA March 2024 are approximately £663k (being the r¢venue reserves and contingency fund only).
CEREBRAL PALSY CYMRU TRUSTEES* REPORT YEAR ENDED 31ST MARCH 2024 Finanelal Review continued Financial p08ition The Trustees report a deficit for the year of £230,191. During the year 2023-24, th¢ charity raised £1,729,164 income, from a numb¢r of diverse sources. The main sources of income were . Donations (s¢¢ note 3, 480/9 of total income), Charitable activities (see note 4, 260/•) and Retaiirrrading (see nots 5, 260/0). Included within charitable activities income, funding from Local Health Boards continued at a similar lev¢1 to the previous year, Comprising of £336,382. The majority of this income related to an agreed roll- over from a three-year contract (which is Currently being renegotiated) with a consortium of six health boards in Wales. In addition, we have a cost per case contract with th¢ 7th NHS health board. Working in partnership with the NHS is a key part of the strategy) and by working closely with community therapy teams the best out¢om¢s are assured for children who attend. Income from retail activities has remained static compared to the previous financial year. During the year, th¢ charity closed the shop in Talbot Green (due to declining sales) and renovated and opened another. larger premises in Whitchurch on Ilt March 2024. Since the year-end th¢ shop ha5 established itself as a key part of th¢ retail establishment. Expenditure for the year was £1,959,355, which is an increase on the previous year of130/0. This is due mainly to the costs of key staff (in particular the Head of Retail and Director of Fundraising) being employed for the full 12 months as well as planned invesknent in those two areas to improve income and stability. Bullding ReDOVatlon The building work to complete all internal spaces. install a lift and add an external canopy was completed in the year. This was made possible by capital fundin8 from th¢ Brndbury Foundation and Garfi¢ld Weston. Secured in 2022-23 to enable this improvement work to the building. Plans for future eriods 2023-24 has b¢¢n a particularly challenging year for Cerebral Palsy Cymru. This is in line with the picture across the UK charity sector. Increas¢s in both inflation and demand for services ¢oupled with no additional statutory or contractual financial support has taken its toll. To counteract the deficit recorded in 2023-24 as well as to ensu that the charity has a future, the board of trustees and nIOr leadership team have been working on a strategic review. This is ongoing at the point of signing. The key aim for the review and for the next two finan¢ial years is to build a sustainable base for the charity, ensurin8 that its fvture is both financially and operationally stable. Since the year end, the charity has undergone a plann¢d reorganisation to reduce staffing and expenditure as well as introducing two new income streams: private therapy and leasing office space. The official opening of the coutyard building by our Royal Patron HRH Duchess of Glourxst¢r in April has given the charity a positiv¢ start to th¢ next financial year.
CEREBIL4L PAISY CYMRU TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 Structure Governance and Mana emeDt Directors and Trustees Cerebral Palsy Cymru is registered with Companies House (registered as a company limited by guarantee, number 02691690) and the Charity Commission (registration number l 010183). its principal address and registered office is l The Courtyrf Ty Glas Avenue, LIanIshe Cardiff CF14 5DX. The Charity is governd by its Memorandum and Articles of Association. The Directors of the limited company who served during 2023-24 were: Paul Lubas J. Frank Holmes Caroline Cooksley None of the directors have any benefictal interest in the company and guarantee to contribute £2 each in the event of the company being wound up. The governing body of the Charity is its Board of Trustees. The Trustees who served during the year were: J. Frank Holmes Bsc FCA (Chainnan) Paul H. Lubas (Secr¢tsry) Stev¢ Jones (Vice Chair) Christine Barber Msc MCSP Caroline Cooksley Toby Jones Jason Llew¢llyn Vicky Stevenson Lisa Tregale Recruitment of Trustees is carried out by reMMendatIon and introduction: appointment of Trustees is by majority Vote of the Board of Tn. This process takes into account the background and experience of the applicants to ensure that a wide skillset and diverse experienc¢5 are included in the trustee body, including managemenL senior therapists and parents of children with cerebral palsy. Induction procedures for Trustees include familiari5ation with the Charity's policies & procedures, provision of previous annual reports and minut¢5 of mKtings. a Trustee Handb(KIK and introduction to staff and volunteers. Throughout their tenure, tnistee5 also undertake periodic training on safeguardin& and equality & diversity amongst oth¢rs to ensure their knowledge is Upt(aLe. The Board of Trustees continues to wry out business through su1CoMmIttee meetings, dealing with Fundrdising, Therapy, and Financ¢ & General Purposes. The sub MMitteeS meet approximately ¢very three months, in advance of the main Board meetings which ar¢ also quarterly. In addition, a Remuneration sub-committ¢¢ meets on¢¢ a year before the budget is agreed and additionally if wuired. io
CEREBRAL PALSY CYMRU TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 Structure Governance and Mana ement continued Directors, Responsibilities Company Law requires the directOTS to prepare financial statements for each financial y¢ar, which give a true and fair view of the affairs of the charity and of the surplus or deficit of the charity for that perio(L In preparing these financial statements. the directors are required to: . Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and pru(kn¢ Prepare the financial statements on th¢ going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping prop¢r accounting records which dI10$e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that th¢ financial statements comply with th¢ Companies Act 2006. They are also responsible for 5af¢guarding the assets of th¢ charity and h¢n¢e for taking reasonable steps for the prevention and detection of fraud and other irregulariti¢s. The Trustees actively r¢view the principal risks which in their opinion could affect the Charity, and consider that the Charity'5 policies, including its reserves policy, and reporting arrangements with r¢gard to all major strategic, financial and operational areas, will mitigats these risks. A Risk Register is maintained which outlin¢s the potential risks to the charity and sp¢¢ifies control measures and ¢risis management procedures. This document is under constant r¢view by the management team and regularly r¢viewed by the board of trustees. In addition. a contract is in place with a specialist third paty organisation to ensure that all legal commitments to risk management are undertaken. Reference & Administrntive Details Day-to-day management of the Charity has b¢¢n delegated by the trustees to the Management Team, headed by the Centre Director, Jenny Carroll MA MCSP PGC(HE) and supported by the Director of Fundraisin& the H¢ad of Finance & Op¢rdtion& the Head of Th¢rapy and the H¢ad of Retail. Banking Services are provided by Lloyds & Barclays (current accounts) and Virgin Banking & Charity Bank (deposit accounts). Th¢ auditors for 2023-24 were CHP Accountants Limited and they have confirnied that they are willing to continue in olTi¢¢ and a sOlUtIon to re-appoint th¢m was aCed at the November 2024 annual general meeting. Trustees, Res onsibilities in relation to the financial statements Th¢ trustees are responsible for preparing the trustees, annual report and financial statements in accordance with applicable law and the United Kingdom accounting standards (United Kingdom Accepted Accounting Practice). Company law requires the trustees to prepare financial ststements for each financial year, which give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period.
CEREBRAL PALSY CYMRU TRUSTEES9 REPORT YEAR ENDED 31sf MARCH 2024 Trustees* Res onsibilities In relation to the fiDancial statements CODtinued In preparing these financial statements th¢ truste are rquired to: _ select suitsble accounting policies and then apply them consistently) observe the methods and principles in the Charities SORPS: make judgements and ¢stimates that are reasonable and prnden¢ state whether applicable UK accounting standards have been followed. subject to any mat¢rial departures disclose and explained in the financial statements; prepare the fuLclaI statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for preparing the trustees. annual report and financial statements in accordance with applicable law and the United Kingdom accounting standards (United Kingdom A¢pted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resource% including the income and expenditure of the charitable company for that period. In prepaTing these financial statements, the trustees are rquired to: _ select suitable accounting 1]¢1¢$ and then apply them consistently. observe the methods and principles in th¢ Charities SORPS; make judgements and estimates that are Tonable and prud¢n¢ state whether applicable UK accounting standards have been ftjllowed, subject to any material departures disclose and explained in the financial statements; prepare the fllwicial statements on the going concern basis unless it is inappropriate to PuMe that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records which discJos¢ with reasonable auracY at any time the fmancial position of the charitable company and enable th¢m to ensure that the financial ststements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie& In so far as the trustees are aware: there is no relevant audit infonnation (as defined by section 418 of the Companies Act 2006). of which the charitable company auditor is unawpLe: and the trustees hav¢ taken all steps that the ought to hav¢ taken to mak¢ them aware of any relevant audit information and to establish that the auditor is aware of that inforn)atÉon. The trustees are responsible for the maintenance and integrity of the corporate and financial infornlation included on the charitable company's website. Legislation in the United Kingdom governing th¢ preparation and dissemination of financial SLMents may differ from legislation in other jurisdictions. Auditors The auditors. CHP Accountants Limite(L are willing to continue in office and a rlutiOn to r¢-appoint them will be proposed at the annual general meeting. 12
CEREBRAL PALSY CYMRU TRUSTEES, REPORT YEAR ENDED 31- MARCH 2024 Trnstees. Res onsibilities In relation to the financial statemen continued roval This report was approved by the tnistees as members ofthe charitabl¢ company on 16 January 2025 was signed on their behalf by J F Holmes Direetor l Trnstee Date: 16 Jrdnuary 2025 13
INDEPENDE AUDrroRS• REPORT TO THE MEMBERS OF CEREBRAL PALSY CYMRU YEAR ENDED 31- MARCH 2024 Opinion We have audited the financial statements of Cerebral Palsy Cymru ("the charitable company-) for the year ended 3 1st March 2024. which comprise the statement of finanoial activities, balance sh¢¢( Statement of cash flows and noles to the financial ststements, including a summary of significant accounting poli¢ies. The financial reporting framework that has been appli¢d in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31" March 2024 and of its incoming resources and application of resources, including its income and expenditurA for the year then ended, and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further desLYibed in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in th¢ preparation of the financial ststements is appropriate. Based on the work we have perfornied, have not identified any material uncertainties relating to ¢v¢nts or conditions that individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at Icast twelve months from when the ststsm¢nts ar¢ authorised for issue. Our r¢sponsibilities and the responsibilities of th¢ trustees with respect to going con¢¢rn are described in the relevant sections of this report. Other inforniation The other infonnation comprises the infonnation included in th¢ annual report other than the fmancial statements and our auditor's report thereon. The Trustees are responsible for the other infornjation. Our opinion on the financial statements does not cover th¢ other infomiation and. except to the extent otherwise explicitly stated in our report, we do not ¢xpress any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infornlation and, in doing so, consider whether th¢ other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misststementy we are required to detsrniine wheiher th¢re is a mat¢rial misstatement in the fmancial statements or a material misststement of the other inforn]ation. If, based on the work we have p¢rfomied, w¢ conclude that there is a material misststement of this other inforniation. we required to report that fact. We hav¢ nothing to report in that regard. 14
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CEREBR4L PALSY CYTrtRU (eontfinued) YEAR ENDED 31ST MARCH 2024 Oplnlons OD Other matter8 prescribed by tbe Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the inforniation given in the Trustees. Annual Report for the financial year for which the financial statements are prepared is Consistent with the financial statements, and the Trustees, Annual Report has been prepared in accordance with appli¢able le8al and regylatory requirements. Matters on which we Are required to report by exeeptlon In the light of the knowledge and und¢rstandin8 of the charitable company and its environment obtained in the course of the audit, we have not identified material misstat¢m¢nts in the Trustses. Annual Report. We have nothing to report in respect of the following matters where the Compani¢s Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the charitable company? or returns adequate for our audit have not been received from branch¢s not visited by us. or the charitable company's financial statements are not in aeement with the a¢¢ounting records and returns, or certain disclosures of trustees, remuneration specified by law are not made, or we have not receiv¢d all the infonnation and explanations w¢ require for our audi( or the trustees were not entitled to take advantsge of the small Companies, ¢x¢mptions as set out in Section IA of FRS 102. RespoDsfibllltles of the truste As explained more fully in the statement of Trustees responsibilities, th¢ trustees 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 they deterniine is necessary to enabl¢ the preparation of financial statements that are free from material misstatemenL whether due to fraud or error In preparing the financial statements, the directors are responsible for ass¢ssing the charitable company's ability to continu¢ as a going concern. disclosing, as applicable, rnatters relating to going concern and using the going concern basis of accounting unless the directors ¢ither intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Audltor's re8ponslbllltles for Ibe audlt of the financlAI ststements Our objectives ar¢ to obtsin r¢asonable assurance about whether the financial statements as a whole are free from material misstatem¢nL whether du¢ to fraud or error, and to issu¢ an auditor's report that includes our opinion. Reasonable assuran¢¢ is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA'S (UK) will always detect a material mi5Statement wh¢n it exists. Misstatements can arise from fraud or error and are Considered material if. individually or in the awegate. they could reasonably be expected to influence the ¢conomic decisions of users tsken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The ext¢nt to which our procedures ar¢ capable of detecting irregularities. including fraud is detailed below: 15
INDEPEIYDENT AIJDITORSI REPORT TO THE MEMBERS OF CEREBRAL PALSY CYMRU (continued) YEAR ENDED 31ST MARCH 2024 Based on our understanding of the sector that the charitabl¢ company operates in we identified that the principal risks of non-compliance with laws and regulations r¢lated to breaches ofUK regulatory principles and we considered the extent to which non-compliance might have a material effect on the company financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). and detennined that the principal risks were related to posting inappropriate journal entries to manipulate financial perfonnance. Audit procedures perfomi¢d included: Discussions with managemen( including consideration of known or suspectsd instances of non- compliance with laws and regulation and fraud: . Identifying and reviewing journal entries to ensure that we understood the reasoning behind th¢m and agreed that they were appropriate; . Selerting a sampl¢ oftransactions and tracing to docum¢ntation to establish that they ar¢ bonafide business transactions. and Designing audit procedures to incorporate unpredictsbility around the nature, timin8 or extent of our testing. Th¢re are inherent limitstions in the audit procedures described above. We ar¢ l¢ss likely to become aware of instanc¢s of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. A further description of our responsibilities for the audit of the fjnancial statements is locat¢d on the Financial Reporting Council's websit¢ at www.frc.or .uk/auditorsres ilities. This description fornis part of our auditor's report. As part of an audit in accordance with ISA'S (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of mat¢rial misstatement of the financial stat¢m¢nts, whether due to fraud or ¢rror, design and perfomi audit procedures r¢sponsive to those risk5, and obtsin audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions. misrepr¢sentstions, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of ¢xpressing an opinion on the efftctiveness of the internal control. Evaluate th¢ appropriat¢n¢ss of accounting policies used and the reasonableness of accounting estimates and relat¢d disclosures made by the d]rtOrS. Conclude on the appropriateness of the directors, us¢ of the going concern basis of accounting an based on the audit evidence obtained, whether a material uncertainty exists r¢lated to events or conditions that may cast doubt on the charitable company'5 ability to continue as a going concern. If we ¢onclude that a material uncertainty exists, we are required to draw attention in our auditor's r¢port to th¢ relatsd disclosures in the financial statements or, if such disclosures are inadequat¢, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going conrxrn. Evaluate the overall presentation, structure and content of th¢ financial statements. including the disclosures. and wh¢ther the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit findings, including any significant defi¢ien¢ies in internal Control that we identify during our audit. 16
)EPENDENT AUDrroRS' REPORT TO THE MEMBERS OF CEREBRAL PAISY CYMRU (eoDtinutd) YEAR ENDED 31- MARCH 2024 Use ofour report This report is made solely to the charitable company's memlw as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the haritable company's members those matters that we are r¢quired to state to them in an auditor's repor and for no other purpose. To the fullest extent perniitted by law, we do not &cpt or assume responsibility to anyone other than the charitable company and the charitable company's memkrs as a body for our audit work. for this reporL or for th¢ opinions we have fornied. Ashok K Aggarwal FCA (Senior Ststutory Auditor) For and on behalf ofcHP Aeeountants Limiled Chartered Aeeountsnts and Statutory Auditors CliftoD House Four EIll Road Cardiff CF24 ILE Date: 28 Jalluary 2025 17
CEREBRAL PAISY CYMRU STATEME OF FINANCIAL AIVITIEs (INCORPORATING AN INCOME AND EXPEIWITURE ACCOU YEAR ENDED 31 MARCH 2024 Total Funds 2024 Unr¢strkled Restricted Funds Totsl Funds 2023 No Inconx from: 556J86 265,898 822384 482,623 302,520 412.611 453.823 5,301 14.344 Capital FS 445,018 450.J71 8.688 3,003 445,018 450.171 8,688 3,003 Retsll and Other Activ]tRs Inveslments Other Income Total Incov 1.463366 265 898 1.729.164 ExpeDdi¢ure on: Raisi fimds 360.477 278,188 638,665 5,913 366,390 300,673 667.063 289,436 FTai%1ng 28J98 520273 Charitsble A¢tivrti&s . Thuapy Provison 745,688 302.774 1,048.462 988,450 Admini8tratMJn and Governance 239,655 4,175 243.830 228245 Total Expendiluye 1.624 008 335J47 1959JSS 1736 968 Net IncomellEiptnditsre) (160,742) (69.449) (230.191) (65,746) Transfers Betw Funds Ne¢ MovenKD¢ ID Funds (160,742) (69,449) (230,191) (65,746) Reeoociliath)n of Funds: Total Funds al 1st Apru 2023 1.544.999 2,067J35 3,612J34 3,678,080 Total Funds at 31st MI4 2024 84357 1.997.886 3 612 334 The notes set out on pages 21 to 33 forni an integral part of these financial statetnents. 18
CEREBRAL PALSY CYMRU BALANCE SHEET YEAR ENDED 31ST MARCH 2024 Note 2024 2023 Fixed Assets Tangible Assets 12 2,763098 2,796,831 Current Assets Stock of promotional items Debtors Cash at bank and in hand 7,786 147,091 723,731 6.666 93,856 906,650 13 878.607 1,007.712 Current Llabllities Creditors: Amounts falling due within on¢ year 14 {260J62) (191,669) Net Current Assets 618245 815,503 Net assets 3J82,143 3,612,334 Funds of the Cbarity Restrlcted Funds - Building - Other 15 15 1,973,660 24326 2.015,367 51,968 1,997086 2,067,335 Unre$trlcted Fund8 Contingency Fund Legacy Fund Charity Development Fund Revenue Reserves 16 16 16 300,000 300,000 5,976 839,956 399,067 721,678 362,579 Total Unrestrlcted Funds lJ84257 1,544,999 3a82,143 3,612,334 These financial statements hav¢ been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Thes¢ accounts were approved by the Board of Trustees on 16 January 2025and We signed on its behalf by: J F Holme8 Directorffrustee DAte 16 January 2025 Company No: 02691690 The notes set out on pages 21 to 33 forn) an intsgral part of these financial statements. 19
STATEMENT OF CASH FLOWS YEAR EIYDED 31- MARCH 2024 2024 2023 Cash generated from l (used in) operating activities 21 (112J62) (4,385) Cash flows from investing gctivities Investment income- Int¢rest receivable 5,301 Purch&8e of tangible fixed assets (79245) (338.718) OA57) (333,417) Increase l (deerease) in easb and cash equivalents ID the year (182919) (337,802) Cash and cash equivalents at the beginning of the year 90Q650 1,244,452 Total cash and ¢asb equivalents at the end of the year 723.731 906,650 The notes set out on pages 21 to 33 forni an integrnl part of these financial statements. 20
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMENTS YEAR EIYDED 31sf MARCH 2024 I. STATtrroRY INFORMATION Cerebral Palsy Cymru is a registered charitable company limited by guarantee that is regist¢red in England and Wales under charity number 1010183 and company number 02691690. Th¢ principal address is l The Courtyard, Ty Glas Avenue. Llanishen, Cardiff, Wales, CF14 5DX. The nature if th¢ charity's operations and pri1paI a¢tivities are disclosed within the Trustees, Report. 2. ACcoING POLICIES a) Basi8 of Preparntlon The financial statements of the charitable company, which 15 a public benefit entity under FRS 102 have been prepared in accordance with Charities SORP (FRS102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing th¢iT aoUnts in accordance with th¢ Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102), th¢ Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The fmancial statements have b prepared under the historical cost convention or transa¢tion value unless otherwise stated in the relevant accounting policy note(s). Th¢ charitable ¢ompany's functional and presentational currency is the pound sterling (£), and balan¢¢s ar¢ rounded to the nearest £. b) Preparation of the accounts on a going coneerm basi8 At the time of approving the accounts, the Trustees have a rOnable expectation that the charitable company. has adequate resources to continue in operational ¢xistence for the foreseeable futuff. The truste¢s have reviewed the reserves policy which supports the long-tenn business plan of the charitable company. Thus. the tsust¢es continue to adopt the going Concern basis of accounting in preparing th¢ accounts. c) Ineomfing resources Income is OgnISed when the charitable company has entitlement to the funds, any p¢rfornance Conditions attached to the items(s) of income have been meL it is probable that the income will be received and ihe amount can be measured reliably. It is derived from the activities outlines below. Fees receivable from Welsh Local Health Boards in respect of therapy provision is reCOlsed when invoiced. Donations and voluntary income are recognised when they are Teceived. Where refundable income is received in resp¢Gt of a specified event or project, the income is deferred until completion f that event or project. Grant (including government grants) is recognised when the charity has entitlement to the funds, it is probable that the incom¢ will be received and the amount can b¢ m¢asured reliably (and is not specifically deferred). Grant and voluntary income which ar¢ rc1Ved to fund specific purposes are recognised as restrtcted incoming resources in the year in which the charitable company is entitled to funds. R¢v¢nue grants are Credited as incoming r¢50urccs when they arc r¢ceivable. provided conditions for relpt have been complied with. 21
CEREBRAL PAISY CYMRU NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31sf MARCH 2024 c) Incoming Resources (Continued) For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted. the estate has be¢n finalised and notification has been made by the executors to the charity that a distribution will be made, or when a distribution is received from the estate. Rerxipt of a lega¢y, in whole or in parL is only considered probable when the amount can be m¢asur¢d reliably. Income from fundraising events organised by the charity is disclosed net of directly attributable expenditure. Income received in advance of such events is deferred until the criteria for income recognition are m¢t. The value of the goods donated for sale in the shops operated by the charitable company is reCOlsed at the point of sale unless it is practicable for the goods to be measured at fair value on receipt. For these it¢ms the value is recognised as stock on the balance sheet and then release to the income statment when the item is sold. Gift aid re¢¢ivable is included in income when there is a valid d¢claration from th¢ donor. Donated goods capitalised as tangible fixed assets are included as Income from Donations and LKgacies at th¢ir fair valu¢ at the time of receipt. Investment income comprises of bank deposit int¢resL d) ExpeDdlture Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlcm¢nt will be requir and the amount of the obligation can be measured reliably. Resources are allOted to a particular activity where the cost relates directly to that activity. However, certain minor overheads are apportioned on the basis of the estimated applicability to the various activity areas. Irrecoverable VAT is charges as a cost against the activity for which the expenditure was incurred. e) Taxation The charitable wmpany is exempt from income and rporatIOn tsx on income and gains to th¢ extent that they are applied for their charitable objects. Q Tangtble Ilxed aJJets AII tAngible fu¢d assets are included at cost less ¢uMulate depreciation. There are no heritsge assets. At present there are no circumstances existing to suggest that an impairnient reiv¢ of the carrying value of fixed &ssets is required. This position is reviewed on an annual basis. Any impairm¢nt is recognis¢d in the y¢ar in which it occurs.
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMEIYTS (continued) YEAR ENDED 31ST MARCH 2024 Depreciation Depreciation is calculated to write off cost or valuation, less estimated residual value, of tangible fixed assets over th¢ir estimated useful lives. Th¢ annual depr¢¢iation rates and methods ar¢ as follows. Freehold Buildings Fixtures and Equipment IT Equipment Therapy Equipment 50 years 5 to Ioyears 3 y¢ars S years A55ets under Constniction ar¢ carried at cost and are not d¢pre¢iated until they come into use, h) Stock Stock of promotional items is valued at the lower of cost and net realisable value. Cost is detemiined on a first-in, first-out basis. Net realisable value is based on estimated selling price, less any further osls to realisation. Stock does not include goods donated for sale in charity shops unless it is practicable for the goods to b¢ measured at fair value on receipt. l) Debtors Debtors are re¢ognised at the settlement amount due after any discounts offered. Prepayments are valued at the amount prepaid net of any discounts du¢. J) Cash gt bAnk And In hand Cash at bank and in hand includes cash and short-temi highly liquid invesknents with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account. k) Credltors and provlslon Creditors and provision are recognised when the charitable company 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 settle the obligation can b¢ measured or ¢stimated reliably. l) Flnanclal Instruments The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, whiGh are initially recognised at transaction value and subsequently measured at their settlement value. m) Fund Accounting Funds held by the charity are either: Unrestricted General Funds- these are funds, which can be used in accordance with the charitable objectiv¢s at the discretion of the trustees. Unrestricted Designated Funds- these are funds set aside by the trustees out of unrestricted general funds for specific future purpos¢ or projects. Restricted Funds - these are funds that can only be used for particular restricted purposes within the obj¢Gts of thc charity. Restrictions arise when specified by the donor, or when funds are raised for particular restrictd purposes. n) A88ets Ik&ged Assets held under finance leases and hire purohase contracts are capitalised in the balance she¢t and depreciated over their expected useful lives. Th¢ interest element of leasing payments is charged to the Income and Expenditure Account over the terni of the l¢ase. All other leases are regarded as operating lease4 and rentals are Charg on a straight-line basis over the tcrni of the lease.
CEREBRAL PALSY CYMRU NOTES TO THE Fll¥ANCIAL STATEMENTS (continued) YEAR ENDED 31sr MARCH 2024 o) Pensions Contributions to the charitable company's defined contribution pension s¢h¢mes arn charged to the Income and Expenditure Account in the accounting period for which they are due. p) Termlnatioo benefits Termination benefits are r%gnised as an expense in the income and ¢xpenditure account loss immediately. Terniination benefits are recognised as a liability and expens¢ only when the company is demonstrably committed either to tern]inate the employment of an employee or group of cmployees or to provide terniination benefits as a result of an offer made in order to ¢ncourage voluntary r¢dundancy. 24
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2024 3. INCOME FROM DONATIONS AND LEGACIES 2024 2023 DonatSons aDd Legacles Grants & Trust Income Legacies Donations Corpora 330,924 226,100 131.538 133,722 221.524 2.409 164,069 94.620 Capital Funds 302,520 785 142 4. INCOME FROM CIL4RITABLE AcfIviTIES 2024 2023 Local Health Authorities Therapy Courses Challen8es & Fundraising Activities 336,382 47,731 60,905 332,761 48,276 31,574 412611 Local Health Authority income related to the provision of therapy sessions and trainin8 to health authorty employees. 25
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2024 5. RETAIL AND OTHER TRADING ACTIVftIES 2024 2023 Retail Shop Sales Retai] Online Sales Retsil Rag Retai] Gift Aid Other 382,510 31,309 20,629 11,073 4,650 390,787 17.504 18,066 22.400 5,066 453.823 6. INVESTME INCOME 2024 2023 Bank Deposit Interest 26
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 31ST MARCH 2024 7. EXPENDITURE ON RAISING FUNDS Total Tolal Unrestrieted Restricted 2024 2023 Re¢all Staff Costs 214,015 9J90 127AIS 065 21UIIS 161.574 3.808 124.054 Dired Costs Retail Cosis 5,913 133J28 Depreciation )ss on Tanyble Fixed Ass¢tS 3J92 3592 360,477 5,913 366J90 289.436 Totsl Total Unrestritted Re¥trirt¢d 2024 2023 Fundrnlsln Futml Raising Staff Costs Fund RaisingDirea Costs Establishment Stationery. Telephone & IT Other Costs Depreciation 195ffj82 20,993 33293 15595 4850 8.175 14.148 209,830 20,993 33293 ISJ95 4.450 1&512 147,602 19.471 17.232 14.694 5.686 26,152 8J37 278.188 22A85 30Q673 230,837 TotAI Totsl Unr¢strl¢ted Restrirted 2024 2023 aff Costs 485J02 73,474 23,168 36.622 40377 212S5 21,001 12,052 32J37 256J53 741055 722,924 73874 60,315 23,168 16.044 41,797 36.472 40377 37,391 21255 13.900 21,001 17,460 12,052 11.725 73583 71219 Establishment Dirttt Costs Professional Fees Slationcry. Tekphonc & IT Trnining Travel and AcLX)nllnod*ion 5,175 O¢h¢r Costs D¢preciation 41,046 745,688 302,774 IMA62 988A50 27
CEREBIL4L PAISY CYMRU NOTES TO THE FINANCIAL STATEMEwfs (eontfinued) YEAR ENDED 31sf MARCH 2024 9. EXPENDrruRE ON ADMllYISTRATION AND GOVERNANCE Total Total ilnrestrlrted Restrlcl¢d 2024 2023 Staff Costs 198033 IOA96 198,033 iOh96 11800 11,006 469 189,905 8.617 9.000 10.473 Establishmen¢ Auditors Remuncration Stationuy. Telephone & IT Other Costs DeprlatIOn 469 &251 4,175 12,426 9.239 239h55 4.175 243J30 228.245 10. STAFF COSTS Th¢ cost of mploying stsff was . 2023 WS and Salaries Social Security Costs Pension Costs 1,164,427 108,304 91,002 1,034,765 100,117 87,123 1222 005 The earnings of two employees totalled over £60.000 during the ycar and one fell within the band £60.001- £70.000 (2023 - One in band £60,001- £70,000) and one fell within the band £80,001- £90,000 (2023 - One in band £70,001- £80.000). The avsociated pension Cost amounted to £ 0,992 (2024 -£20,379). No trustees received any rcmuneration. No expenses were reimbur1 to trustees during the year. The avernge weekly number of employees during the year was: 2024 19 2023 16 Fundraising and Publicity Unc. Retail) Management and Administration Therapy 15 15 43 40 28
CEREBRAL PAISY CYMRU NOTES TO THE FtNANCIAL STATEMENTS (conllnued) YEAR EIYDED 31ST MARCH 2024 11. PENSIONS The Charity operates a defined contribution pensions scheme. The pensions cost charge for the year represents contributions payable by the Charity to th¢ scheme and amount to £34.198 {2023- £29,174) The Charity also contributes to the NHS Pension scheme, whose fund is held independently of th¢ Charity. The Scheme is an unfunded defined benefit scheme but the charity is unable to identify its share of underlying assets and liabilities. Employer contributes Tates are reviewed every four years following a scheme calculation carried out by a government actuary. On the advice of the actuary• the contributions may be varied from time to time to reflect change5 in the scheme's liabilities. The contributions to this NHS scheme in the year were £57,947 (2023- £59.749) 12. TANGIBLE FIXED ASSETS Freehold Fixtures & Thernpy IT Prope rty Equlpme nt Equipment Equipme nt Total Cost At l Aprll 2023 2,790,777 180.811 99,630 176,880 3248.097 AdditB)ns 10219 55274 13,752 79245 DtsposaLq (6,663) {6,663) At 31 Maffh 2024 1800.996 229,422 99,630 190.632 3,320,680 Depreefiation At l Aprll 2023 94.849 142J37 88,041 12fi040 451266 Charge for the year 53,187 14,000 4.491 36.909 108,586 Diswsak (3,071) (3,071) At 31 March 2024 148,036 153 92,532 162,949 556,781 Net Book Value At 31 March 2024 2,652,960 76,156 7,098 27,683 2,763,898 At 31 Marcb 2023 2,695,928 38,474 11,589 50,840 2,796031 29
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMENfs (CODtiDued) YEAR ENDED 31sf MARCH 2024 13. DEBTORS 2024 2023 LHB Funding Due Courses and Events Gift Aid Retail Rents Prepaid Retail Income Other Debtors & Prepayments VAT 17,812 16.257 11.359 14,565 20,413 51,540 4,667 21,005 8,344 7.983 5,074 43.331 14. CREDrroRS: Amounts falling due within one year 2024 2023 Trade Creditors Audit Deferred Income Other Creditor & Accruals 46,$72 10,200 157.426 27.219 9.000 132,256 260 62 l91669 Analysls ofDeferr¢d IDeoJDe Deferred income consists of income received in respect of training income and to bc utllised in future periods. 2024 2023 Brought forward at l April 2023 132356 106.934 Released in the year (130J66) (85.721) Deferred in the year 155,536 111,043 Carried forward at 31 March 2024 132 256 30
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMENTS (¢ontinued) YEAR ENDED 315f MARCH 2024 15. RESTIUCTED FUNDS At Movement In Year At 0110412023 Income Expenditurn 31103n024 Fixed Assets PM varn Propety Grants Webh Governw£nt Grant Property Gknrgan GVS Lottery Awards GarfieH Weston Phase 2 Bradbwy FONIan St Janrs Place Charitabk Foat)n 180,631 1,442,500 9,750 9,617 73,500 296,907 2,462 2,015,367 {3,757> 176074 (30,000) 1,412JOO (200) 9A50 (200) 9A17 (1,500) 72,000 (6,000) 290.907 (50) 2,412 (41,707) 1,973,660 xed Asset ment Fund8 Sw]dry Small Specifr Grants Booster (Chiklren in Need) visual eqU4)nnt (WeLsh Governnnt) 8.768 238 7,771 16,777 (2.192) (238) (7,771) (JO,201) 676 6,576 Better Start Better Funds Masonic Charitable Fournlation Sitmn Gbson Clwitabb Tn John Hornorkqtts Tnist Lord Bambys TnL8t Natv)nal Lottery Convnty Fund Peopk and Places 3 Mosawi Myks Trust The D'oyty Carte Waterbo FowKlatK)n Zedra TnLSt 14,850 19,800 4,000 2,000 2,000 80,450 10,000 59,430 3,500 6,667 3,500 14,850 191,347 (19,800) (4,000) (2,000) (2,000) (80,450) (10.000) (59,430) (3,500) (6,667) (3,500) (191,347) 14,850 14050 ChildTrD In Need Fund Hemi Can 9,978 (9,978 Moondance Fund Therapist Furnlo WCVA Thlnl Sector R¢sllleDce Fund 3 E Corer¢e Ekvebpment Otber Restricted Funds SKk Chiklren in Waks TnLSt - Van Hire Garfiekl Weston 50,227 (50,227) 4,450 19,324 (20,974) 2800 3,913 (5,913) (5,000) (10,913) 5.000 5,000 5,913 2,067.335 265.898 (335.347) 1,997086 31
CEREBRAL PALSY CYMRU NOTES TO THE FKNANCIAL STATEMENfs (¢ontinued) YEAR EIYDED 315f MARCH 2024 i& IrNRESTRIcfED DESIGNATED FUNDS Balanee at 01.0423 Tfr General Regervej Balance 31.03.24 Expenditure Contingency Fund Legacy Fund Charity Development 300,000 5.976 839,956 300,(MIO (5,976) (105.016) (13.262) 721ffj78 1.145.932 (13.262) (110,992) 1,021,678 Purpose of Funds Contingency Fund: Represents the minimum level of unrestricted revenue reserves that it is the charity's Stated policy to maintain. Legacy Fund: Single legw receipt to be used to fvnd-Better Start Better Future" baby intervention programme. Charity Development Fund.. Single grant from Moondance Foundation in 2017118, half of which will be used to finan¢¢ an expansion in the charity's therapy service4 while th¢ other half is spent on the renovation of the prop¢rty l The Coutyart Ty Glas Avenue, Cardiff, CF14 SDX. Funds relating to the property amounted to £650,725 at 31 March 2024, which is released in line with deprecation . Funds relating to service expansion and Cerebral Palsy register amounted to £70,953 &s at 31 March 2024. 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tanglble Fixed Nel Current Total RESTRicfED FUNDS UNRESTRICTED FUNDS 1,983,036 780,862 14050 603 J95 IW7,886 1?84257 2,763 898 618245 82,143 18. FllYANCIAL Com(rS At 31 March 2024 the Charity had commilments under non-wi¢ellable operating leases as follows: 2024 2023 Payments Due Within One Year Between One and Five Y¢ars 35,000 131350 7.500 166350 7.500 32
CEREBRAL PALSY CYMRU NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31- MARCH 2024 19. RELATED PARTY TRANSAcfioNS None of the trustees have b¢¢n paid any remuneration or e1Ved any other Ixn¢fits from an eMplOent with the charity or a related entity in the reporting p¢riod. No trustee expenses have Iren incurred in the reporting period During the year one trustee received £9,968 (2023-£12,385) for the provision of earty intsrvention tutoring services to the charity. 20. GOING CONCERN The commercial viability of the organisation is dependent upon continued support through grants, donations and other types of funding suppor4 such as statutory funding from Local Health Boards. 21. RECONCILIATION OF INCOMEI(EXPENDTnlRE) TO NET CASH FLOWS FROM OPERATION A[VlEs 2024 2023 Net movemenl ID funds (230,191) (65,746) Add back: Depreciation Loss on disposal of thn7>1e red assets Deduct: Investment income 108,586 3,592 107,610 (&688) (5,301) Decreasel(Increase) in stocks Decreasd(Increase) in debtors Increasel(Decrease) in creditors (1,120) ($3,235) 68,694 2.088 22,611 (65,647) Net generated frnrnl(used In) operatlllg activlties 112 62 22. COMPANY LIMITED BY GUARANfEE The organisation is a company limited by guarantee, and as such does not hav¢ a share capitsl. Each member's liability is limited to an amount not exceeding £2. 33