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← Port Talbot And Afan Womens Aid

2025-03-31-accounts

Registered company number: 02714217 (England and Wales) Registered charity number: 1014363

PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES AND CONSOLIDATED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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PORT TALBOT AND AFAN WOMEN’S AID CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 year ended 31 March 2025. The trustees have adopted the provisions of accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities Preparing their accounts in 2019).accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January

Thrive Women's Aid was the trading name of Port Talbot and Afan Women's Aid until 1 April 2025 when it changed to Thrive Domestic Abuse Services.

STRATEGIC PLAN

Ourwork on the 5-year Strategy, launched in April 2021, continues with an emphasis on workingtowards our four key strategic priorities: Early intervention and prevention - Our intention is to adopt and promote public health, whole systems approach to preventing VAWDASV in orderto generate lasting change in our community. Inclusive services - Our intention is to continue to deliver high quality, trauma-informed and end-to-end services for those impacted by VAWDASV, and to grow these services ensuring they are inclusive for all.

Suitable accommodation - Our intention is to modernise, innovate and transform accommodation support services for individuals and families fleeing domestic abuse.

Sustainable organisation - Our intention is to lead an effective, well-governed and sustainable organisation that recognises and values our people.

We are currently working on our plan for the next five years, which will be published in 2025.

ACTIVITIES AND PERFORMANCE

General

In the financial year 2024-2025 we received 1079 referrals across all services, an increase of approximately 28% on last year’s figure. We received 763 unique referrals into our services and 490 overall referrals were accepted into our services

Of these:

Residential services

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Thrive Housing

Thrive Housing provides secure and independent accommodation for survivors of domestic abuse and their families, complemented by emotional support, community integration and personalised safety planning to facilitate their recovery. This year, we have recognised that tenants are in our properties for an extended period of time due to the shortage of properties within Local Authorities and Registered Social Landlord’s (RSL’s).

Thrive owns 20 properties in the Neath Port Talbot area all of which are tenanted. In the year[to][ 31][ March][ 2025,][ we][ supported] 23 women and 27 children.

Community and Outreach

We offer community-based provision to women experiencing domestic abuse who have left their abuser or want support to transition away from abuse. Our highly trained, professional and knowledgeable team provides provide practical and emotional support.

Our aim is to encourage, enable and empower, as we believe, that given access to the right resources, everyone has the inner strength and capability to achieve, no matter how difficult their circumstances are.

From 2024-2025 we supported 92 women within Community & Outreach (C&Q) and Tenancy Support (TSU). 38% of the women received crisis intervention and 87% of these women had multiple disadvantages in addition to housing-related needs. In total 47% of women successfully completed 12 Own My Life sessions.

Equality Diversity enGagement and Education (EDGE)

Our EDGE project is committed to supporting women who have experienced domestic abuse, with a particular focus on those from marginalised communities, including ethnic minorities, disabled women, older women, and individuals from Gypsy, Roma or Irish Traveller backgrounds.

Additionally, the EDGE project delivers training and awareness sessions to professionals, organisations and community groups. These sessions aim to shed light on the unique challenges and systemic barriers that survivors from minority backgrounds frequently encounter when accessing support services.

During this financial year, 48 women were supported through the EDGE project. Of these 40% identified as having a mental health disability. 13% of the women using the EDGE services were from ethnic minorities.

SWAN Project (Support, Wellbeing, Advocacy & eNablement)

The SWAN project supports women exploited by the sex industry, offering both emotional and practical assistance to help them navigate daily challenges and overcome stigma and discrimination.

This year Thrive supported 38 women who were involved in: street work, stripping, lap dancing, performance in pornography, phone or internet sex (cam-work, Only Fans) and parlour work. Over the last year, we have seen an increase in online/digital cases.

Families First

Our Families first service provides support to all members of the family through specialist, targeted and age-appropriate interventions and programmes. These programmes include: STAR 1-1 Children & Adults Recovery Toolkit/Own My Life CLEAR (a programme for men displaying unhealthy relationship behaviours).

This year we had 48 referrals into our Families First services, 17 less than the previous year. Overall 252 sessions were delivered to groups and/or one-to-ones for adults and children.

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

RESPECT (Respect Young People’s Programme)

This year marked the third year that Thrive ran the RESPECT programme. RESPECT is an intervention for families where children or young people aged between 8 and 18 are abusive or violent towards the people close to them, particularly their parents or carers. The programme works with young people and their families, encouraging everyone to take a role in stopping the abuse and learning respectful ways of managing conflict, difficulty, and intimacy. We supported 8 families and held 114 one-to-one sessions through this programme.

Children and Young People Support Services

Our Children and Young People Service supports children aged 0-18. This year we had 44 new referrals, which is in line with the number of referrals we received last year. Support is provided through: STAR Program, Young Person’s Recovery Toolkit, trips and activities.

Between 2024 and 2025 we held 34 group sessions and 210 one-to-one sessions for Children and Young People.

CLEAR Services for Male Victims and Perpetrators

CLEAR is an early intervention and prevention programme designed to help individuals recognise and reflect on behaviours that may raise concerns, either noticed by themselves or those around them, in orderto prevent further harm and reduce the likelihood of offending. The programme addresses the consequences of harmful coping mechanisms and encourages the use of constructive strategies such as taking effective time-outs and applying de-escalation techniques.

Volunteering

This year we had 10 volunteers who dedicated over 337 hours to volunteering with Thrive. Our volunteers supported various projects and services including: office administration, craft and activities, SWAN van and volunteer spotlight. In 2024 one of our volunteers joined Thrive as a full-time member of staff. We are also grateful to the team of volunteers from Hays Recruitment who assisted us with cleaning the garden at the Thrive Refuge.

LIFE (Liberty, Independence, Freedom, Empowerment)

The LIFE Project is a self-help programme that supports individuals who are impacted by domestic abuse. The project aims to provide support during critical transition periods and to improve mental health, self-confidence, resilience, support networks, independence and the ability to cope and move on. Thrive received 38 referrals into the LIFE project. During this year, 175 sessions were held through the LIFE project and 102 women supported.

RAPID (Rapid Domestic Abuse Intervention Project)

The RAPID project aims to improve victim experience following an incident of domestic abuse, coercive control, stalking and harassment. RAPID is a single point of contact that make immediate contact directly after an incident has been reported to South Wales Police.

As specialists in domestic abuse, we are dedicated to working collaboratively with frontline officers to ensure victims receive the comprehensive support they need. By working in partnership with other professionals and agencies, we aim to achieve positive outcomes, allowing victims and families to live free from violence and fear.

The newly reformed RAPID project launched at the end of 2024, aiming to improve upon and replace previous methods that had proven ineffective.

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Erom November 2024 to April 2025, our RAPID project had 388 referrals showing a 60.1% increase on the previous year’s figures in just 5 months. 278 of these referrals were women and 110 of these referrals were males.

Counselling

Usinga trauma-informed approach, our specialist counselling service offers a safe and confidential therapeutic space where adults affected by domestic abuse can speak with a trained professional about the issues and challenges they are facing, supporting their recovery process. This year we received 50 referrals into the specialist counselling services and, of these, 35 of these were accepted.

Training

Thrive now offers a diverse range of training courses designed to build awareness, confidence, and essential skills. In June 2024, we gained our Agored Cymru accreditation, having our training programmes recognised by the leading awarding body in Wales dedicated to developing accredited learning. Over the last year, we have had: 24 staff and volunteers trained in Level 2 Safeguarding, 7 staff trained in Gender Responsive and Trauma Informed Practice, 19 staff trained in ASIST Suicide Intervention and 8 ‘Ask Me’ course attendees.

IDVA Service in Partnership with Safer Merthyr Tydfil

At the end of the 2024 financial year, Thrive launched the Family Court Pathfinder IDVA Service running in conjunction with Safer Merthyr Tydfil (SMT). This service provides women and men residing in Mid and South West Wales with the opportunity to access specialist IDVA support for the purpose of a DASH Risk Assessment and summary report. This report is then filed to the Courts alongside the CAFCASS/Local Authority Child Impact Report.

This provides additional support to Survivors of Domestic Abuse through the family court system. IDVA support is short-term term and further signposting for community support is actioned if required with the appropriate local community Domestic Abuse Service.

Bangor University TATA Steel Research

Thrive is collaborating closely with Bangor University on a pioneering research project that explores the potential impact of the Tata Steel blast furnace closures on cases of violence against women and girls in Neath Port Talbot. This partnership aims to investigate how large-scale industrial job losses, particularly in traditionally male dominated sectors, can influence patterns of domestic abuse within affected communities.

Thrive Group Wales

Thrive Group Wales is a social enterprise that delivers high-quality commercial cleaning services to businesses and organisations across Wales. Established in 2017, our key purpose was to develop a sustainable income stream to support the work of Thrive Domestic Abuse Services.

The enterprise delivers commercial cleaning, catering and domiciliary care services to businesses and organisations, in both public and private sectors across South Wales. At our social enterprise, we create family friendly employment opportunities for those furthest from the labour market.

As the demand for flexible, compassionate care services continued to rise, particularly for the elderly and those living with comptex health conditions, Thrive Group Wales recognised the growing need for a dedicated domiciliary care service in Neath/Port Talbot.

So, in 2025, Thrive Group Wales introduced “Thrive Helping Hands,” a new domiciliary care branch dedicated to redefining care delivery through a proactive approach that emphasises prevention, independence and overall wellbeing.

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OBJECTIVES AND ACTIVITIES

PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Performance Measurement and Reporting

The organisation continues to utilise the case management system OASIS DV to ensure that accurate information is collated in orderto produce reports and monitor data internally and to all funders. Key highlights for 2024/25

This year has been a rewarding yet challenging one for Thrive. Despite ongoing efforts across the whole sector, there has been no decrease in violence against women, domestic abuse, and sexual violence (VAWDASV). The National Police Chiefs’ Council's July 2024 report highlighted the epidemic scale of violence against women and girls (VAWG) with 3,000 offences recorded daily and one in twelve women affected annually. The report called for a whole-system response, urging collaboration between justice agencies, government bodies, and industry to tackle this widespread issue. Supporting this national context, Plan International's State of Girls’ Rights in the UK 2024 report ranked Neath Port Talbot as theour most challenging area in Wales for girls to grow up, underscoringthe urgency of targeted support and intervention. Locally, services have seen a rise in teenagers experiencing domestic abuse within their own intimate relationships, alongside a notable increase in the complexity of cases. More individuals are presenting with multiple, intersecting needs, including homelessness, substance misuse and mental health issues.

This year marked the first full term for the charity's new Chair, bringing stronger governance and renewed strategic direction to the organisation. A key research collaboration was established with Bangor University, focusing on the impact of domestic abuse following employment changes at Tata Steel in Port Talbot. The findings of this study will be published in 2025/26 and are expected to inform future service development.

Senior management has also strengthened partnerships, including a new collaboration with Safer Merthyr Tydfil and the launchof Thrive’s first Independent Domestic Violence Advisor (IDVA) service through the Family Court Pathfinder initiative.

In addition to this, Thrive DAS rebranded from Thrive Women’s Aid to better reflect the organisation’s commitment to inclusivity and to expand support for a wider range of individuals in the community.

As for our social enterprise, Thrive Group Wales continues to diversify its operations, appointing an Enterprise Directorto lead on the development of a ClW-registered domiciliary care service, “Helping Hands.” The enterprise also relaunched our catering initiative, with the return of the catering van back in service as part of its social enterprise strategy.

Our 2024-2025 impact report highlights the growing need for our services in the community and the considerable impact that Thrive continues to have in Neath Port Talbot.

Public benefit

When planning activities for the year, Thrive have considered the Commission's guidance on public benefit. In particular, the focus of activities continues to be to provide a range of services for women, children and families impacted by domestic abuse, through supported accommodation, related services to children and young people aged O - 25, support in the community, preventative work and awareness raising. Thrive works closely with all partners to address identified needs within the strategies of the Local Authority and the Welsh Government.

FINANCIAL REVIEW

Principal funding sources

Aside from income generated by the provision of accommodation, our principal funding is via Housing Support Grant from NPTCBC.

Other specific restricted grants from which Thrive has benefitted during the year are highlighted further in the report.

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Results for the year

The consolidated financial statements to 31st March 2025 show a group surplus for the year of £167,664 (2024[—][deficit] £212,410). This is a marked improvement on recent years and has been achieved by making structural and staffing changes in the organisation and concentrating efforts on reviewing suppliers, costs and contracts to ensure the best possible value for money is achieved.

Grant funding increased by £174,306 (23%) in this financial year. Donations were up by £5,266 (52%) with increased activity through our ‘Just Giving’ page and five donations of in excess of £1,000 each being received.

Housing benefit income rose from £420,015 (2024) to £642,220 (2025) due mainly to Thrive housing stock being fully occupied for most of the financial year.

Charitable expenses increased to £1,336,441 in the year (2024: 1,267,667) but the costs of other trading activities reduced to £329,583 (2024: £539,873). Net income for the year was £129,912 (2024: deficit £212,410), a rise of £342,322 from the previous year.

The subsidiary’s turnover decreased by £163,844 in the yearto 31st March 2025 but there were corresponding reductions in the costs of sales and administrative expenses. The enterprise sub-let its lease on 20 Seaway Parade, generating £25,625 in rental income and cost of borrowing also reduced. These combined factors meant PTAWA Enterprises Ltd madea profit of £4,743 (2024: loss £66,762).

Net cash flow from operating activities was £167,664 (2024: negative £132,503) and cash at bank at the end of the financial year was £404,337 (2024: £349,483).

The consolidated current ratio at 31st March 2025 was 2.02 (2024: 1:82).

Thrive Housing has made a valuable contribution to the organisation’s financial position and the Trustees will consider further options to invest in 2025-26. This will increase the unrestricted funds available to grow the organisation and build reserves; a key objective in the years ahead.

As an Agored Cymru accredited training provider, the organisation will continue to develop its suite of courses to build on the skills and resources available to it. Thrive Training is led and managed by a PGCE-qualified teacher and offers courses on many aspects of Domestic Abuse, Safeguarding and Health anc Safety. Thrive also delivers accredited ASIST suicide prevention training. Most courses can be delivered online or inhouse which broadens the reach and accessibility for our clients. PTAWA Enterprises Ltd will continue to build on its cleaning and domiciliary services both of which are being increasingly recognised in the community as offering excellent service at competitive rates.

The appointment of a Business Development Manager to help secure grant funding has had a positive effect and we are delighted to have received an increased amount of unrestricted funding during this financial year. This recognises the importance of having the correct support staff in place to ensure the smooth running of our projects and the further development of[Thrive][as][a][charity.]

The changes in the funding landscape continue to be felt, both by our organisation and others in our sector. The challenge for our organisation moving forward is to diversify income streams, sustain and grow the contributions made by Thrive Group Wales and further development of Thrive Housing. Alongside this we need to focus on ensuring that the financial requirements of existing work are met before undertaking applications for new work.

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31. MARCH 2025

Reserves policy

Reserves are considered to be the part of the organisation’s unrestricted funds that is freely available to spend on anyofthe charity’s purposes. Restricted reserves are excluded. Trustees consider for what purpose restricted funds are held and how they are being used in order to identify those resources that are freely available to spend.

Setting the reserves policy

The reserves policy provides an indicator of future funding needs and how robust the charity’s reserves are. It is set by considering the charity’s strategic planning, budgeting and risk management processes. The Trustees are aware that they have a duty of care to ensure the Thrive DAS remains a viable organisation, able to respond to a serious financial situation, such as permanent or temporary loss offunding. This[is] becoming increasingly necessary in the current economic climate.

In setting the reserves policy the Trustees:

Review the organisation’s internal and external environment and operational requirements as part of the process. The level of reserves will also be monitored as part of the budget and financial reporting process.

Thrive DAS is operating in a time of unprecedented financial challenge, against a backdrop of a cost of living and housing crisis. With severe restrictions in public sector funding to and from Local Authorities, increased competition for funding from charitable bodies and trusts, UK-wide reviews of Housing Benefit and to the benefits system and also the increasing competition from other providers of Domestic Abuse Services in the area, the financial stability of the organisation is no longer assured.

Thrive DAS is currently reliant on statutory funding, in particular Housing Support Grant administered by Neath Port Talbot County Borough Council (NPTCBC) and housing benefit. These, combined, make up just over half of the organisation’s income.

The organisation has an ambitious Fundraising and Business Development Plan which has seen the development of a Separate trading arm to generate unrestricted surpluses. Despite this, it is necessary that the organisation gives due consideration to how it will effectively plan for and handle possible staffing and service reductions and even closure.

Approach to setting reserves

The following approach is taken when setting reserves:

  1. Contingency Planning Critical Costs - The organisation has analysed the costs required to ensure that in the event of any major issue the trustees can bring the charity to a controlled close and be able to meet all final liabilities.

  2. Strategic Plan Costs The Trustees have considered the funds required to achieve the forthcoming Strategic Plan 2025-2030 and the key priority areas; early intervention and prevention, inclusive services, suitable accommodation and sustainable organisation. As well as reviewing planned and unplanned short-term impacts facing the organisation, the following areas have been appraised:

  3. Capital Spend - Reserves to match any capital spend that has already been made. These funds cannot be spent again.

  4. True Free Reserves - The remaining balance is defined as the organisation’s true “free reserves”.

Statement of Reserves

Based upon the analysis and descriptions provided in the preceding section, the agreed reserve policy of Thrive DAS is therefore as follows:

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Type of Reserve
Critical costs £240,000
Strategic costs £36,500
£90,000
Totalunrestrictedreserves £306,500

Current Situation

It is recognised that Thrive DAS has been operating in a challenging environment resulting in the reserves becoming increasingly diminished over the past two years. Whilst the detail above outlines the reserves the charity is aiming to achieve it is recognised that this will need to be built up over a number of years.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company limited by guarantee, as defined by the Companies Act 2006.

The objects of the Charity are specifically restricted to the following:

Who We Are

Our Aim - To encourage, enable and empower, as we believe that, given the right resources, everyone has the strength and capability to achieve, no matter how hard their circumstances.

Our Vision - Our vision is to create safer communities where everyone can live free from domestic abuse, violence against women and sexual violence.

Our Mission - Our mission is to provide high quality, innovative, end-to-end services which enable individuals and families to thrive.

Our values

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

BOARD OF TRUSTEES AND GOVERNANCE

Recruitment and appointment of new trustees

The directors of the company are also charity trustees and for the purposes of charity law and under the company's Articles are known as the members of the Board of Trustees. They are appointed fora three-year term, with a maximumofthree terms. One third of Trustees are re-elected annually in accordance with Thrives Memorandum and Articles of Association. Thrive seeks to ensure that the Board of Trustees has a broad range of necessary Skills to undertake the work of the charity. Traditional business, Housing, HR, management, marketing, domestic abuse and financial skills are well represented on the board alongside domestic abuse survivors. The Board of Trustees are requested to complete a skills audit, in the event of a particular skill set being lost, individuals are approached through networking and advertising, to offer themselves for election.

Organisational structure

The Board of Trustees is currently made up of ten members who undertake their duties and responsibilities on an entirely voluntary basis. Overall management accountability for the organisation lies with the Board of Trustees, who meet four times a year, with additional meetings as and when required. To ensure full assurance the Board of Trustees partakes in a committee structure with an Audit and Risk Committee and a People and Remuneration Committee taking place a minimum of twice a year.

A scheme of delegation is in place and day to day responsibility for the provision of the services sits with the Chief Executive Officer and Senior ManagementTeam consisting of; Finance Director, Senior Operations Manager, Housing Services Manager, Business Development Manager, Early Intervention and Prevention Manager, Adult and Community Services Manager and Volunteer Manager.

At the year-end period there were 18 full-time members of staff and 9 part-time members of staff.

All members of the Board of Trustees and staff aim to keep up to date on all social and legislative practices, policies and procedures, and the organisation works to a strict set of operational procedures which follow good practice agreed with Welsh Women’s Aid and other partner organisations.

Induction and training of new trustees

New trustees are provided with a comprehensive Induction Pack that outlines the roles and responsibilities of trustees and the expectations of outside bodies such as the Charities Commission. Additionally, they are invited to attend open days and anytraining sessions offered by the organisation or by external agencies. Other relevant documentation is provided to trustees including Memorandum and Articles, Policies and Procedures, the latest financial statements and project reports.

Remuneration of key management personnel

The Board of Trustees are responsible for all decisions relating to salary reviews and pay increases and ensure that the pay framework is reviewed and agreed bya Reward and Remuneration (R&R) Committee each year in January, ready to commence on 1st April. The organisation’s remuneration policy is reviewed every three years.

The R&R Committee conducts an annual external benchmarking exercise of all salary levels and adjusts salaries, as necessary. The R&R Committee also reviews whether eligible staff move up spinal points, the overall reward packages offered by the organisation and pension arrangements for all staff. All reviews are considered in the context of whether they are fair to the individual and the charity.

Risk Management

The Board of Directors have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud, error and threats to business sustainability

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

or the provision of services. For this purpose, a business Risk Register is maintained and regularly updated for discussion by the Board of Trustees and for development of appropriate mitigating plans. All new projects and activities are appropriately

assessed for risk. Operational risk assessment and management to ensure the safety of all service users is also given very high priority.

The Board continues to use an annual cycle of board meetings which covers governance, risk, finance and strategy to ensure that a focus remains on strategic planning rather than dealing with issues as they arise.

BOARD OF TRUSTEES AND GOVERNANCE

PARTNERSHIP WORKING

Partnerships

Thrive shares its aims and objectives with Welsh Women's Aid (to which we are affiliated) and other like-minded providers of specialist services to women and families impacted by domestic abuse. It is also part of a wider network of domestic abuse service providers in Wales and in the UK. Thrive continues to retain positive partnership arrangements with Swansea Women's

Aid, Stori Cymru, BAWSO and New Pathways as part of the Seren Mor Network. This Network has been delivering the Ask and Act provision across Swansea Bay with Thrive acting as the lead partner.

In addition, to working locally alongside other agencies to raise awareness and challenge domestic abuse, Thrive also participates in the wider campaign against domestic abuse and other forms of violence against women, as a member of the NPT Communications and Engagement Group.

Thrive continues to deliver the Think Family Partnership Families First in partnership with Calan DVS. Calan DVS works _ alongside us to deliver sixteen hours per week of specialist Children and Young People support for the next two to three years. In conjunction with Swansea Women's Aid, Thrive delivers practical and emotional support to improve the safety and wellbeing of women who are exploited by the sex industry. A flexible and non-judgmental service through one-to-one appointments, outreach provision and crisis support is offered.

Thrive plays an active role in several multi-agency partnerships locally. This includes the NPT and Swansea VAWDASV Leadership Group and its sub-groups, Children and Young People’s Forum, Mental Health Forum, NPT Joint Homelessness and Housing Support Forum, Multi Agency Risk Assessment Conferences (MARAC), MARAC Steering group, Third Sector Strategic Forum, Voluntary Sector Liaison Committee, South Wales Police and Crime Commissioner's Collaborative Partnership Board and the Police Accountability and Legitimacy Group.

Thrive also has close links with all related service providers, both in the public and voluntary sectors, so that individuals can be signposted appropriately for further help and advice.

Related parties

Thrive has a management agreement with United Welsh Housing Association, who own the Refuge, and with Coastal Housing Association (now Beacon Housing) who are landlords of the second stage accommodation. UWHA and Coastal Housing Association each carry out an Annual review of the Refuge and Move-on respectively.

Funding from Housing Support Grant is administered by Neath Port Talbot County Borough Council. Regular monitoring visits, reviews and detailed reports are provided. Throughout the year, Thrive has worked on several grant agreements with other funders including (but not limited to) the Big Lottery Fund, the Henry Smith Fund, the Moondance Foundation, BBC Children in Need, the Home Office, Leathersellers and the Waterloo Foundation.

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31. MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 02714217 (England and Wales)

Registered Charity number 1014363

Registered office 18 Talbot Road Port Talbot West Glamorgan SA13 1DN

Trustees

Ms M Rayani - Chair Ms K Tipple —-Vice Chair Ms L White Resigned 10/12/25 Ms L Fleet Resigned 02/01/25 Ms H Boyle Ms C McDonald Ms J Juliff Resigned 14/05/25 Ms C Morse Ms S Grimshaw Ms Z Godrich

Company Secretary

Ms E Downie

Key Management Personnel Ms L Downie (CEO)

Ms A Holmes (Finance Director) Ms K Williams (Senior Operations Manager)

Auditors

Advantage Accountancy & Advisory Ltd Chartered Certified Accountants and Statutory Auditors Avalon House, 5-7 Cathedral Road, Cardiff, CFi1 9HA

Bankers

Lloyd Bank Plc 115 Station Road, Port Talbot, SA13 INR

Solicitors

Morgan LaRoche Solicitors Bay House, Tawe Business Village, Phoenix Way, Swansea, SA7 SLA

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PORT TALBOT AND AFAN WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of Port Talbot and Afan Women’s Aid Group and the parent charitable company and its trading subsidiary for the purposes of company law) are responsible for preparingthe Group Report of the Trustees and the group financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare consolidated financial statements for each financialyear which give a true and fair view of the state of affairs of the group and parent charitable company andofthe incoming resources and application of resources, including the income and expenditure, of the group and parent charitable company for that period.

In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the group and parent charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Bevan Buckland LLP, resigned by rotation at the AGM in May 2025 and Advantage Accountancy & Advisory Ltd were appointed in their place.

Approved by order of the board of trustees on 22/12/2026| ang signed on its behalf by:

Ms M Rayani - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PORT TALBOT AND AFAN WOMEN'S AID

Opinion

We have audited the financial statements of Port Talbot and Afan Women's Aid (the Group and parent charity's affairs) for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet and the Parent charitable company Balance Sheet, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group and Parent 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 auditingthe financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent’s charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information 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 misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothingto reportin this regard.

15

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PORT TALBOT AND AFAN WOMEN'S AID

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit;

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and Parent Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 13, the trustees (who are also the directors of the parent charitable company for the purposes of company taw) 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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparingthe financial statements, the trustees are responsible for assessingthe Group's and Parent Charitable company's

abilityto continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Group and Parent Charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

«The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and Skills to identify or recognise non-compliance with applicable laws and regulations;

*We obtained understanding of the legal and regulatory frameworks applicable to the company anc the sector in which they operate. We determined that the following laws and regulations were most significant: The Companies Act 2006 , Charities Act, UK corporate taxation laws, employment legislation and health and safety legislation.

16

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PORT TALBOT AND AFAN WOMEN'S AID

«We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquiries to management. We corroborated our inquiries through our review of legal correspondence. »We assessed the susceptibility of the company's financial statements to material misstatements, including how fraud might occur. Audit procedures performed by the engagement team included:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the Charity's members, 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 Charity's members those matters we are required to State to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's members as a body, for our audit work, for this report, or for the opinions we haveformed. Neel

Stephen John Bickerton (Senior Statutory Auditor) For and on behalf of Advantage Accountancy & Advisory Ltd Chartered Certified Accountants & Statutory Auditors Avalon House 5-7 Cathedral Road Cardiff CF11 SHA

Date: 2elizles |

17

PORT TALBOT AND AFAN WOMEN’S AID CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes 2 £ £ £
INCOMEAND ENDOWMENTS FROM
Donationsandgrants 2 199,996 717,225 917,224 737,649
Charitable activities 3 429,413 215,162 644,575 422,051
Othertradingactivities 4 244,084 1,139 245,223 434,354
Investmentincome 5 1,044 - 1,044 493
Other income 6 25,625 - 25,625 583
TOTAL 900,162 933,526 1,833,688 1,595,130
EXPENDITURE ON
Charitable activities 7 (579,951) (756,490} (1,336,441) (1,267,667)
Othertrading activities (329,583) - (329,583) (539,873)
(909,534) (756,490} (1,666,024) (1,807,540)
NETINCOME/(EXPENDITURE} 23 (9,372) 177,036 167,664 (212,410)
Transfers betweenfunds 76,810 (76,810) - -
Netmovements infunds 67,438 100,226 167,664 (212,410)
RECONCILIATION OF FUNDS
Totalfunds brought forward 23 35,869 159,267 195,136 407,546
TOTALFUNDS CARRIED
FORWARD 103,307 259,492 362,800 195,136

The consolidated statement of financial activities includes all gains and losses recognised in the year Allincoming resources and resources expended are derived from continuing activities.

18

PORT TALBOT AND AFAN WOMEN’S AID CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes s £ FS Fs
FIXEDASSETS
Tangibleassets 16 2,674,505 - 2,674,505 2,622,300
2,674,505 - 2,674,505 2,622,300
CURRENTASSETS
Debtors 18 170,525 4,094 174,619 141,543
Cash atbankand inhand 148,942 255,399 404,341 349,483
319,467 259,493 578,960 491,026
CREDITORS
Amountsfallingduewithinoneyear 19 (249,430) - (249,430) (269,885)
NETCURRENTASSETS 70,036 259,493 329,529 221,141
TOTALASSETSLESSCURRENTLIABILITIES 2,744,541 259,493 3,004,035 2,843,442
CREDITORS
Amountsfallingdueaftermorethanoneyear 20 (2,641,234) - (2,641,234) (2,648,306)
NETASSETS 103,308 259,493 362,800 195,136
FUNDS 23
Unrestrictedfunds 103,308 35,869
Restricted funds 299,493 159,267
362,800 195,136

The financial statements were approved by the Board of Trustees and authorised for issue on22/12/2025 ang were signed on its behalf by:

Ms M Rayani - Trustee

19

PORT TALBOT AND AFAN WOMEN’S AID CHARITY BALANCE SHEET 31 MARCH 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXEDASSETS
Tangible assets 17 2,684,022, 2,654,022 2,032.22
2,654,022 - 2,654,022 2,593,222
DEBTORS
Amounts fallingdue after morethan one
year 18 58,013 - 58,013 64,988
CURRENTASSETS
Debtors 18 107,666 4,094 111,760 86,165
Cash atbankand in hand 134,587 255,398 389,985 291,039
242,253 259,492 501,745 377,204
CREDITORS
Amountsfallingduewithinoneyear 19 (138,598) - (138,598) (123,151)
NETCURRENTASSETS 103,655 259,492 363,147 254,053
TOTALASSETS LESSCURRENTLIABILITIES 2,815,690 259,492 3,075,182 2,912,263
CREDITORS
Amounts fallingdue aftermorethan one
year 20 (2,600,000) - (2,600,000) (2,600,000)
NETASSETS 215,690 259,492 475,182 312,263
FUNDS 24
Unrestricted funds 215,692 152,996
Restricted funds 259,492 159,267
475,184 312,263

The financial statements were approved by the Board of Trustees and authorised for issue on22/12/2025 ang were signed on its behalf by:

Ms M Rayani - Trustee

20

PORT TALBOT AND AFAN WOMEN’S AID CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |Notes|£|£| |Cash flow from operating activities| |Cash generated from operations|1|168,827|(132,504)| |interest paid|(2,574)|(4,925)| |Net cash provided by (used|in) operating activities|166,253|(137,429)| |Cash flows from|investing activities:| |Purchase of tangible fixed assets|(99,424)|-| |Proceeds from sale of fixed assets|-|(1,882,370)| |Net cash provided by/(used|in) investing activities|(99,424)|(1,882,370)| |Cash flows from financing activities:| |Loan repayments|in year|(11,972)|(62,550)| |Cash|inflows from new borrowing|-|1,800,000| |Net cash provided|by/(used|in) financing activities|(11,972)|1,737,450| |Change|in cash and cash equivalents|in the reporting period|54,854|(282,349)| |Cash and cash equivalents|at the beginning of the reporting period|2|349,483|631,832| |Cash and cash|equivalents|at the end|of the reporting period|2|404,337|349,483|

----- End of picture text -----

21

PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ £
Netincome/(expenditure) for the reportingperiod 167,664 (212,410)
perthe statement offinancial activities
Adjustments for:
Depreciation charges 47,219 30,674
Amortisation charges - 10,500
Interest paid 2,574 4,925
(Increase) /decrease in debtors (33,075) 11,553
Increase/(decrease) in creditors (15,555) 22,255
Netcash provided byoperatingactivities 168,827 (132,503)
2 ANALYSISOFCASHANDCASH EQUIVALENTS 2025 2024
£ £
Cash atbankand in hand 404,337 349,483
Totalcash and cashequivalents 404,337 349,483
3 ANALYSISOFCHANGE IN NETFUNDS At01.04.24 Cashflows At31.03.25
£ £ £
Net cash
Cash at bankand in hand 349,483 54,854 404,337
349,483 54,854 404,337
Borrowings
Debtsfallingduewithin 1year (14,492) (4,900) (9,592)
Debtsfallingdueafter 1year (2,648,306) (7,072) (2,641,234)
(2,662,798) (11,972) (2,650,826)
Total (2,313,315) 42,882 (2,246,489)

22

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Port Talbot and Afan Women’s Aid is a private company limited by guarantee and a registered charity, incorporated in England & Wales. Its registered office is 18 Talbot Road, Port Talbot, West Glamorgan, Wales SA13 1DN. The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)! Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

The charity constitutes a public benefit entity as defined by FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The accounts are prepared in sterling, which is the functional currency of the group. Monetary amounts in these financial statements are rounded to the nearest £. No separate cash flow statement has been presented for the Charity itself as the Charity has taken advantage of the exemptions in paragraph 1.12 of FRS102.

Basis of consolidation The consolidated financial statements for the group incorporate the financial statements of the Charity and its subsidiary undertakings, all of which are prepared annually to 31 March. The results of the subsidiary undertakings are consolidated on a line by line basis within the consolidated Statement of Financial Activities.

No separate company Statement of Financial Activities (SOFA) has been prepared for the charity as permitted by section 408 of the Companies Act 2006 and paragraph 24.37 of the SORP.

Going concern

At the time of approving the accounts, the trustees have reasonable expectation that the Group and Charity has adequate resources to continue in operational existence for the foreseeable future.

The Group and Charity had Net Assets at 31 March 2025 of £362,800 (2024: £195,136) and £475,182 (2024: £312,263) respectively. Based on a comprehensive review of the budgets and forecasts for 12 months from the date of these accounts, as well as the improvement in grant funding received post year end, the Trustees believe that it remains appropriate to adopt the going concern basis in preparingthe accounts. This can be further supported by the Group and Charity reporting surpluses post year end.

The Charity is aware that PTAWA Enterprises Limited, subsidiary of Port Talbot and Afan Women's Aid, despite making a small profit in the period, continues to be in a net liabilities position, which totaled £112,384 at the 31°* March 2025. The Charity have provided financial support of £58,013 to assist the subsidiary in returningto a surplus position. The Trustees are aware of a difficult trading period and tight cashflow post year end for PTAWA Enterprises Ltd, but no further financial support will be provided from the Charity. On that basis, the trustees are satisfied that this will have no negative impact on the Charity.

Critical accounting judgements and key sources of estimation uncertainty

In application of the Group's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

23

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical accounting estimates and judgements are listed below:

Useful economic lives of tangible assets

The annual depreciation charges for tangibles assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See following notes for the useful economic lives for each class of assets.

Amounts recoverable on trade debtors

During the year and at the balance sheet date the trustees quantify the amounts recoverable on each trade debtor balance and provide for any amounts deemed as irrecoverable. The amount provided for may differ from actual amounts written off once the debts go bad.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, itis probable that the income will be received, and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Donations are recognised when the charity has been notified in writing of both the amount anc settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that those conditions will be fulfilled in the reporting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank. Income within the trading subsidiary is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the group to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

24

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Land|-|Not depreciated| |Freehold|property|-|1%|on|cost| |Propertyimprovements|=|-|1% on|cost| |Fixtures and|fittings|-|Between 10%|- 33%|straight line| |Motor|vehicles|-|25% on|cost| |Office equipment|-|33%|reducing balance|

----- End of picture text -----

Assets with a value greater than £4,000 will be capitalised.

Related party exemption

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charities activities.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

25

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or tess from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the group has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting cate.

Concessionary loans

Concessionary loans are initially recognised at the amount received, with the carrying amount adjusted in subsequent years to reflect repayments and any accrued interest and adjusted if necessary for any impairment.

Financial instruments

The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Legal status of the Charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Short-Term Employee Benefits

Short-term employee benefits that are expected to be settled wholly before twelve months after the end of the annual reporting period in which the employees render the related service:

(a) wages, salaries and social security contributions.

(b} time in lieu owed to the employee.

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less any accumulated impairment losses. Goodwill is being amortised evenly over 5 years.

Irrecoverable VAT

The charity is not registered for VAT, irrecoverable VAT is included within the expenditure concerned.

26

PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS ~ continued FOR THE YEAR ENDED 31 MARCH 2025

2. DONATIONSANDGRANTS Unrestricted Restricted Group Group
2025 2025 2025 2024
£ £ £ £
Donations 7,572 7,714 15,286 10,020
Grants 192,423 709,511 901,935 727,629
199,995 717,225 917,221 737,649
3. INCOMEFROM CHARITABLE ACTIVITIES
Unrestricted Restricted Group Group
2025 2025 2025 2024
£ £ £ £
Housingbenefit 427,058 215,162 642,220 420,015
Servicecharges 2,355 - 2,355 2,036
429,413 215,162 644,575 422,051
4. OTHERTRADINGACTIVITIES Unrestricted Restricted Group Group
2025 2025 2025 2024
£ £ £ £
Otherincome 5,858 1,139 6,997 55,093
Subsidiarytradingincome 238,226 - 238,226 379,261
244,084 1,139 245,223 434,354
5. INVESTMENTINCOME
Unrestricted Restricted Group Group
2025 2025 2025 2024
£ £ £ £
Interest receivable 1,044 - 1,044 493
1,044 - 1,044 493
6. OTHERINCOME
Unrestricted Restricted Group Group
2025 2025 2025 2024
£ £ £ £
Subsidiary rentalincome 25,625 - 25,625 -
Otherincome - - - 583
25,625 - 25,625 583

27

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

7. CHARITABLEACTIVITIESCOSTS Direct Support Total
costs (see note 8) costs (see note9} 2025
£ £ £
Charitable activities - projects 811,280 242,670 1,053,950
Residential services 108,002 174,490 282,492
919,282017159 17159 1896,
8. DIRECTCOSTS OFCHARITABLEACTIVITIES 2025 2024
£ £
Agency staffcosts 10,740 -
Bad debtwritten off 935 173
Bank fees 99 -
Business consultancy 14,901 -
Children's activities 75 809
Cleaningandgarden maintenance 18,541 5,285
Council tax 111 -
Counselling& crisis 5,889 9,806
DBS checks 1,076 -
Depreciation 38,382 21,600
Health &safety 10,914 -
HR& recruitment 2,813 36,249
ICT 9,243 20,025
Insurance 9,371 -
Legal& professional 2,304 29,543
Managementfee - 61,103
Marketing - 329
Printing, photocopyingand stationery 196 4,741
Refreshments 1,839 -
Rent 66,851 ~
Repairs and replacements 13,344 26,094
Room hire - 1,261
Salaries andemployment costs 672,196 786,791
Service user participation 163 -
Staffcosts and expenses 9,223 -
Subscriptions 684 -
Sundries 1,599 19,322
Telephone - 20,919
Training&supervision 17,548 5,042
Translation costs 40 -
Travel&sustenance 2,385 8,127
Utilities 7,127 17,119
Volunteerexpenses 696 10,082
919,282 1,084,420

28

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

9. SUPPORT COSTS COSTS

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |SUPPORT COSTS COSTS|Property| |Finance|Management|Governance|2025| |£|£|£|£| |Charitable|activities|-|projects|-|224,546|18,123|242,669| |Residential|services|174,490|-|-|174,490| |174,490|224,546|18,123|417,159| |Support|costs,|included|in the above,|are as|follows:|2025|2024| |£|£| |Audit fee|18,000|7,370| |Bank|charges|and|interest|246|-| |Central|office|running costs|49,123|-| |Computer|software|and|licences|19,652|14,926| |Insurance|11,654|15,404| |Legal and|professional|6,655|-| |Management|staff costs|111,553|-| |Marketing|4,399|-| |Office|rent|16,132|72,361| |SASH|rent|repayments|.|174,490|70,307| |Training costs|5,132|-| |Trustee expenses|123|-| |Subscriptions|-|2,877| |417,159|183,245| |NETINCOME/(EXPENDITURE)| |Net income/(expenditure income/(expenditure|is|stated|after|charging /(crediting): /(crediting):| |2025|2024| |£|£| |Depreciation|38,382|21,600| |Auditor's|remuneration:| |- for audit|services|18,692|7,370| |- for accountancy services|-|7,556| |Amortisation|-|10,500| |Operating leases|-|property|283,988|150,038|

----- End of picture text -----

10. NETINCOME/(EXPENDITURE) Net income/(expenditure income/(expenditure is stated after charging /(crediting): /(crediting):

11. TRUSTEES’ REMUNERATION AND BENEFITS

Trustees’ remuneration

There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 (2024: nil).

Trustees’ expenses

During the year, 2 trustees were reimbursed for travel and subsistence totalling £123 (2024: Enil).

29

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

12. STAFF COSTS

2025 2024
£ £
Wages& salaries 921,081 1,050,230
Social securitycosts 57,900 75,122
Pension costs 29,596 27,952
Employeebenefits 1,008,577 1,153,304

Average monthly number of employees during the year was as follows:

2025 2024
Number Number
Senior managementteam 4 4
Managers and senior officers 6 6
Admin & finance 5 6
Support officers 22 16
PTAWAteam 24 38
61 70

The number of employees whose total employee benefits excluding pension contributions earning over £60,000, classified within bands of £10,000 is as follows:

2025 2024
Number Number
£60,0001 -£70,000 £70,000 1 1
£70,0001 - £80,000 - -

Key management personnel

The total amount of employee benefits including pension contributions of the key management personnel totalled £159,055 (2024: £147,489).

30

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - GROUP

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME AND|ENDOWMENTS|FROM| |Donation and|legacies|283,543|454,106|737,649| |Charitable|activities|239,804|182,247|422,051| |Other trading activities|434,354|-|434,354| |Investment income|583|-|583| |Other income|488|5|493| |Total|958,772|636,358|1,595,130| |EXPENDITURE ON| |Charitable|activities|(504,732)|(762,935)|(1,267,667)| |Other trading activities|(539,873)|-|(539,873)| |Total|(1,044,605)|(762,935)|(1,807,540)| |Net gains/(losses)|on|investments|-|-|-| |Taxation|-|-|-| |NET INCOME/(EXPENDITURE)|(85,833)|(126,577)|(212,410)| |Transfers between funds|(43,777)|43,777|-| |Net movement|in funds|(129,610)|(82,800)|(212,410)| |RECONCILIATION|OF|FUNDS| |Total funds|brought forward|165,479|242,067|407,546| |TOTAL FUNDS CARRIED FORWARD|35,869|159,267|195,136|

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14. CHARITABLE COMPANY RESULTS

The Charitable Company has taken advantage of Section 408 of the Companies Act 2006 and has not included it's own income and expenditure in these financial statements.

The results of Port Talbot and Afan Women's Aid (the Charitable Company) are:

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||||| |---|---|---|---| |2025|2024| |£|£| |Total income|resources|1,499,362|1,140,375| |Total resources expended|(1,336,441)|(1,286,023)| |Net surplus/(deficit)|162,921|(145,648)| |Funds:| |At|1 April 2024|312,263|457,911| |At 31 March|2025|475,184|312,263|

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PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS — continued FOR THE YEAR ENDED 31 MARCH 2025

15. INTANGIBLE FIXED ASSETS - GROUP

INTANGIBLE FIXED ASSETSASSETS - GROUPGROUP
Goodwill Total
£ £
Cost
At 1April2024 52,500 52,500
Additions - -
Disposals - -
At31 March 2025 52,500 52,500
Depreciation
At 1April2024 52,500 52,500
Charged inyear - -
Eliminated on disposal - -
At31March2025 82,500 82,500
Net bookvalue
At 31 March 2025 - -
At31 March 2024 : oe
There are no intangibleassets held withinthe parent Charity
TANGIBLE FIXEDASSETS -GROUP
Freehold Property Fixtures& Motor
property improvements fittings vehicles
Cost £ £ £ £
At 1 April2024 2,642,895 - 23,127 38,753
Transfer (354,290) 354,290 - -
Additions - 72,875 8,612 -
Disposals - - - -
At31 March 2025 2,288,605 427,165 31,739 38,753
Depreciation
At 1April2024 52,546 - 16,833 14,920
Transfer (34,335) 34,335 - -
Charged inyear 22,886 10,108 2,903 7,333
Eliminated on disposal - - - -
At31 March 2025 41,097 44,443 19,736 22,253
Net bookvalue
At31 March 2025 2,247,508 382,722 12,003 16,500
At31March2024 2,590,349 - 6,294 23,833

16. TANGIBLE FIXED ASSETS - GROUP

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PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS ~ continued FOR THE YEAR ENDED 31 MARCH 2025

16. TANGIBLE FIXED ASSETS - GROUP CONTINUED

Office
equipment Total
Cost £ £
At 1April2024 12,889 2,717,664
Transfer - -
Additions 17,937 99,424
Disposals - -
At31 March 2025 30,826 2,817,088
Depreciation
At1April2024 11,065 95,364
Transfer - -
Charged inyear 3,989 47,219
Eliminated on
disposal - -
At31 March 2025 15,054 142,583
Net bookvalue
At3iMarch2025 5,772, 2,674,505
At31 March 2024 1,824 2,622,300
TANGIBLE FIXEDASSETS -CHARITY
Freehold Property Fixtures& Office
property improvement fittings equipment Total
Cost £ £ £ £ £
At 1April2024 2,642,895 - 1,346 12,889 2,657,130
Transfer (354,290) 354,290 - - -
Additions - 72,875 8,369 17,937 99,181
Disposals - - - - -
At31March 2025 2,288,605 427,165 9,715 30,826 2,756,311
Depreciation
At1April2024 52,546 - 297 11,065 63,908
Transfer (34,355) 34,355 - - -
Charged inyear 22,886 10,108 1,398 3,989 38,381
Eliminated on
disposal ee
At31March2025 41,077 44,463 1,695 15,054 102,289
Net bookvalue
At31March2025 2,247,528 82,702 8,020 15,772 2,654,022
At31March2024 2,590,349 - 1,049 1,824 2,593,222
33
  1. TANGIBLE FIXED ASSETS - CHARITY

PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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||||||||| |---|---|---|---|---|---|---|---| |Group|Group|Charity|Charity| |2025|2024|2025|2024| |£|£|£|£| |Trade|debtors|153,177|72,317|105,807|47,792| |Prepayments|and|accrued|income|7,689|3,300|5,953|3,300| |Other|debtors|13,753|65,927|-|35,073| |174,619|141,544|111,760|86,165| |Debtors|falling due|after more than|one| |year:| |Amounts|owed|by group|undertakings|-|-|58,013|64,988| |174,619|141,544|169,773|151,153| |19.|CREDITORS: AMOUNTS|FALLING|DUE WITHIN|ONE YEAR| |Group|Group|Charity|Charity| |2025|2024|2025|2024| |£|£|£|£| |Bank|loans|4,698|14,492|-|-| |Other loans|4,895|-|-|-| |Trade|creditors|81,972|59,776|79,664|53,224| |Amounts|owed|to group|undertakings|-|-|-|-| |Taxation|and|social security|16,528|14,833|750|-| |Accrued|expenses|100,326|75,430|17,172|15,591| |Deferred|grants|40,633|98,525|40,633|53,063| |Other|creditors|379|6,829|379|1,273| |249,431|269,885|138,598|123,151| |20.|CREDITORS: AMOUNTS AMOUNTS|FALLING|DUE AFTER MORE THAN AFTER MORE THAN MORE THAN THAN|ONE YEAR YEAR| |Group|Group|Charity|Charity| |2025|2024|2025|2024| |£|£|£|£| |Bank loans|1,174|-|-|-| |Other|loans|2,640,060|2,648,306|2,600,000|2,600,000| |2,641,234|2,648,306|2,600,000|2,600,000|

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  1. CREDITORS: AMOUNTS AMOUNTS FALLING DUE AFTER MORE THAN AFTER MORE THAN MORE THAN THAN ONE YEAR YEAR

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PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

21. LOANS

An analysis of the maturity of loans is given below:

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Amounts fallingduewithin oneyearoron
demand:
Bankloans 4,697 14,492 - -
Other loans 4,895 - - -
9,592 14,492 - -
Amounts fallingdue between two to five
years:
Bank loans - 1-2years 1,174 - - -
Other loans - 1-2years 40,060 48,306 - -
41,234 48,306 - -
Amounts fallingdue in morethan five
years:
Otherloans byinstalment 2,600,000 2,600,000 2,600,000 2,600,000
2,600,000 2,600,000 2,600,000 2,600,000

22. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 2024
£ £
Within oneyear 39,700 38,500
Between one and fiveyears 98,287 124,787
Over five years 58,080 70,080
196,067 233,367

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PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS -— continued FOR THE YEAR ENDED 31 MARCH 2025

23. MOVEMENT IN FUNDS - GROUP

At01.04.24 incoming Expended Transfers At31.03.25
Unrestricted funds £ £ £ £ £
General fund 28,604 116,305 (297,438) 268,221 115,692
Designated - critical cost reserve 25,000 - - - 25,000
Designated - strategic cost reserve 10,012 - - - 10,012
Designated -PTAWA Enterprises Ltd 64,988 - - - 64,988
PTAWA Enterprises Ltd (117,127) 334,325 (329,582) - (112,384)
The Leathersellers 20,000 20,000 - (40,000) -
SASH Property portfolio 4,392 429,511 (282,492) (151,411) -
35,869 900,141 (909,512) 76,810 103,308
Restricted
BBC Children inNeed
- CYP specialistworker		 - 28,500 (27,571) - 929
Crowdfunding-CYP CrisisWorker - 5,714 - - 5,714
CRISIS service one-offgrant - 2,000 (6,624) 4,624 -
ETF Food Poverty 6,116 - - (6,116) -
Home Office/WWA -CADA 1,768 31,780 (21,304) - 12,245
MOJ/PCC-EDGEProject 7,884 43,472 (30,008) - 21,348
Moondance Foundation -Volunteer Manager 4,195 21,273 (12,783) - 12,685
National LotteryCommunity Fund - RAPID Project 33,825 104,514 (100,131) ~ 38,207
NationalLotteryCommunity Fund -SWA/TWA
(SWAN) - 32,839 (16,416) - 16,423
NPTCBC - Families First Project - 110,086 (95,107) - 14,979
NPTCBC HousingSupport Grant -Community 1,274 79,749 (58,021) - 23,002
NPTCBC HousingSupportGrant-Residential > 116,720 (99,939) - 16,782
NPTCBCShared Prosperity Fund -LIFE Project - 60,910 (44,609) - 16,301
NPTCBCWarm Hubs 2,383 - - - 2,383
NPTBCB HousingSupportGrant -SWAN Project 2,558 39,824 (30,361) - 12,021
NPTCBC Residentiat Housing Benefit . 215,162 (191,603) - 23,558
Pen-y-Cymoedd -Wind Farm Community Fund -
Counsetlor - 6,500 (1,689) - 4,811
PCC - Researchfunding - 7,000 (337) - 6,663
PCCACESfund - CLEAR 11,071 - - - 11,071
Nationwide - Housing First 993 - {57} (936) -
TATASteel-research grant - 7,000 (6,034) - 966
The National LotteryCommunity Fund —Awards for
All - 948 (1,669) 721 -
WGRegional
Ask &ACT 21/25		 9,584 11,165 (2,900) - 17,849
WGVAWDASVCapital Grant 76,097 - - (76,097) .
Waterloo Foundation -CYP specialistworker - 8,333 (9,327) 994 .
Other 1,518 37 - - 1,555
159,266 933,526 (756,490) (76,810) 259,492
TOTALFUNDS 195,135 1,833,667 (1,666,002) - 362,800
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PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS — continued FOR THE YEAR ENDED 31 MARCH 2025

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||||||||| |---|---|---|---|---|---|---|---| |24.|MOVEMENT IN|FUNDS|- CHARITY| |At01.04.24|Incoming|Expended|Transfers|At31.03.25| |Unrestricted funds|£|£|£|£|£| |General|fund|28,604|116,305|(297,438)|268,221|115,692| |Designated|-|critical cost reserve|25,000|-|-| |-|25,000| |Designated|- strategic cost reserve|10,012|-|-|-|10,012| |Designated|- PTAWA Enterprises Ltd|64,988|-|-|-|64,988| |The Leathersellers|20,000|20,000|-|(40,000)|-| |SASH Property portfolio|4,392|429,511|(282,492)|(151,411)|-| |152,996|565,816|(579,930)|76,810|215,692| |Restricted| |BBC Children|in Need - CYP specialist worker|-|28,500|(27,571)|-|929| |Crowd funding-CYP Crisis Worker|-|5,714|-|-|5,714| |CRISIS service one-off grant|-|2,000|(6,624)|4,624|-| |ETF Food Poverty|6,116|-|-|(6,116)|:| |Home|Office(WWA- CADA|1,768|31,780|(21,304)|”|12,245| |MOJ/PCC - EDGE Project|7,884|43,472|(30,008)|-|21,348| |Moondance|Foundation|- Volunteer Manager|4,195|21,273|(12,783)|-|12,685| |National Lottery Community Fund|- RAPID Project|33,825|104,514|(100,131)|-|38,207| |National Lottery Community Fund|- SWA/TWA| |(SWAN)|-|32,839|(16,416)|-|16,423| |NPTCBC|- Families|First Project|-|110,086|(95,107)|-|14,979| |NPTCBC Housing Support Grant-Community|1,274|79,749|(58,021)|-|23,002| |NPTCBC Housing Support Grant - Residential|-|116,720|(99,939)|-|16,782| |NPTCBC Shared|Prosperity Fund|- LIFE Project|-|60,910|(44,609)|-|16,301| |NPTCBC Warm Hubs|2,383|-|-|-|2,383| |NPTBCB Housing Support Grant - SWAN|Project|2,558|39,824|(30,361)|~|12,021| |NPTCBC Residential Housing Benefit|-|215,162|(191,603)|-|23,558| |Pen-y-Cymoedd|- Wind|Farm|Community Fund|-| |Counsellor|-|6,500|(1,689)|-|4,811| |PCC - Research funding|-|7,000|(337)|-|6,663| |PCC ACES fund|- CLEAR|11,071|-|-|-|11,071| |Nationwide|- Housing First|993|-|(57)|(936)|-| |Ltoyds Bank Foundation|- research|grant|-|7,000|(6,034)|-|966| |The|National Lottery Community Fund|— Awards|for| |All|-|948|(1,669)|721|-| |WG RegionalAsk & ACT 21/25|9,584|11,165|(2,900)|”|17,849| |WG|VAWDASV Capital Grant|76,097|-|-|(76,097)|-| |Waterloo|Foundation - CYP specialist worker|-|8,333|(9,327)|994|-| |Other|1,518|37|-|:|1,555| |159,266|933,526|(756,490)|(76,810)|259,492| |TOTAL FUNDS|312,262|1,499,342|(1,336,420)|-|475,184|

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----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |25.|MOVEMENTIN|FUNDS -GROUP| |Comparatives|for movement|in funds|- Group| |01.04.23|Incoming|Expended|Transfers|At 31.03.24| |Unrestricted|funds|£|£|£|£|£| |General fund|12,344|298,741|(342,204)|59,723|28,604| |Designated|- critical cost reserve|93,500|-|.|(68,500)|25,000| |Designated|- strategic cost reserve|60,000|-|-|(49,988)|10,012| |Designated|- PTAWA Enterprises|Ltd|50,000|-|-|14,988|64,988| |The|Leathersellers|-|20,000|-|-|20,000| |PTAWA Enterprises|Ltd|(50,365)|454,755|(521,517)|-|(117,127)| |SASH|Property portfolio|-|185,276|(180,884)|-|4,392| |165,479|958,772|(1,044,605)|(43,777)|35,869| |Restricted| |BBC CiN|Covid|Response|Grant|- CYP|27,101|11,975|(43,403)|4,327|-| |CADA|105|25,937|(24,274)|.|1,768| |Comic|Retief EDGE|286|.|-|-|286| |Comic|Relief|recovery funding|789|-|-|-|789| |CRISIS|service|4,030|15,000|(36,922)|17,892|-| |ETF Food|Poverty|6,116|-|-|-|6,116| |Families|First|17,595|98,775|(117,993)|1,623|-| |Henry Smith|Life|32,088|150|(42,486)|10,248|-| |In memory of Suzanne Walker|443|-|-|.|443| |League|of Help|-|(10}|-|10|-| |MoJ/PCC|- EDGE|1,932|43,472|(37,520)|-|7,884| |Moondance Volunteer Co-Ordinator|-|21,273|(17,078)|-|4,195| |Nationwide Community fund|-|Housing|First|31,254|7,500|(37,761)|-|993| |National|Lottery Community Fund|- RAPID|5,793|96,388|(68,356)|-|33,825| |NPTCBC Housing|Support|Grant|- Community|7,641|73,226|(79,593)|-|1,274| |NPTCBC Housing Support|Grant|- Residential|-|108,275|(123,425)|15,150|-| |NPTCBC Warm|Hubs|2,383|-|-|-|2,383| |Own|My|Life|-|National|Lottery Community| |fund|3,747|-|(4,677)|930|-| |PCC Home|Office|Volunteer|fund|(3,650)|16,525|(18,934)|6,060|1| |PCC ACES fund|- CLEAR|-|19,321|{8,250}|-|11,071| |NPTCBC|Residential Housing|Benefit|15,037|-|-|(15,037)|-| |NPTBCB|Housing Support|Grant - SWAN|8,686|36,942|(43,070)|-|2,558| |Tudor|Trust|1,065|42,039|(45,428)|2,324|-| |WG RegionalAsk|&|ACT|21/25|2,760|9,570|(2,746)|-|9,584| |WG VAWDASV|Needs|Based|Activity Grant|-|10,000|(10,250}|250|.| |WG VAWDASV Capital Grant|6,866|”|(769)|-|76,097| |242,067|636,358|(762,935)|43,777|159,267| |TOTAL FUNDS|407,546|1,595,130|(1,807,540)|-|195,136|

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PORT TALBOT AND AFAN WOMEN’S AID NOTES TO THE FINANCIAL STATEMENTS -— continued FOR THE YEAR ENDED 31 MARCH 2025

26. MOVEMENTIN FUNDS Comparatives for movement in funds - CHARITY

.

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |01.04.23|Incoming|Expended|Transfers|31.03.24| |Unrestricted funds|£|£|£|£|£| |General fund|12,344|298,741|(342,204)|59,723|28,604| |Designated|- critical cost reserve|93,500|-|-|(68,500)|25,000| |Designated|- strategic cost reserve|60,000|-|-|(49,988)|10,012| |Designated|- PTAWA Enterprises|Ltd|50,000|-|-|14,988|64,988| |The|Leathersellers|-|20,000|-|-|20,000| |PTAWA Enterprises|Ltd|-|185,276|(180,884)|-|4,392| |215,844|504,017|(523,088)|(43,777)|152,996| |Restricted| |Residential Housing Benefit|15,037|-|-|(15,037)|-| |CRISIS service|4,030|15,000|(36,922)|17,892|-| |Nationwide|Community fund|- Housing First|31,254|7,500|(37,761)|-|993| |Own My Life|- National Lottery Community fund|3,747|-|(4,677)|930|-| |NPTCBC Housing Support Grant|- Community|7,641|73,226|(79,593)|-|1,274| |NPTCBC Housing Support Grant|- Residential|-|108,275|(123,425)|15,150|-| |PC Home Office|Volunteer|fund|(3,650)|16,525|(18,934)|6,060|1| |SWAN|8,686|36,942|(43,070)|-|2,558| |WG Regional Ask & ACT 21/25|2,760|9,570|(2,746)|-|9,584| |WG VAWDASV Needs|Based Activity Grant|-|10,000|(10,250)|250|-| |In memory of Suzanne Walker|443|-|-|-|443| |Comic|Relief EDGE|286|-|-|-|286| |Families|First|17,595|98,775|(117,993)|1,623|-| |WG VAWDASV Capital Grant|76,866|-|(769)|-|76,097| |Comic|Relief|recovery|funding|789|:|-|-|789| |Henry Smith|Life|_|32,088|150|(42,486)|10,248|-| |Tudor|Trust|1,065|42,039|(45,428)|2,324|-| |BBC CiN|Covid|Response Grant|- CYP|27,101|11,975|(43,403)|4,327|-| |CADA|105|25,937|(24,274)|-|1,768| |ETF Food|Poverty|6,116|-|-|-|6,116| |MoJ/PCC|- EDGE|1,932|43,472|(37,520)|-|7,884| |National|Lottery Community Fund|- RAPID|5,793|96,388|(68,356)|-|33,825| |NPTCBC Warm|Hubs|2,383|-|-|-|2,383| |Moondance Volunteer Coordinator|-|21,273|-|-|21,273| |PCC ACEs|Fund|-|19,321|(8,250)|-|11,071| |League|of Help|~|(10)|(17,078)|10|(17,078)| |242,067|636,358|(762,935)|43,777|159,267| |TOTAL FUNDS|457,911|1,140,375|(1,286,023)|-|312,263|

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PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

Nature and Purpose of Funds

Designated Funds

Designated funds have been designated by the trustees to cover critical costs, the delivery of the strategic plan and relocation costs.

PTAWA Enterprises Limited

The Charity’s subsidiary, PTAWA Enterprises Limited, made a profit in the financial year to March 2025. The Charity continues to monitorthe subsidiary and, in particular its reserves position.

The Leathersellers

Unrestricted funds awarded to provide core funding and the salary of our Finance Assistant and support the development of the finance function across Thrive Women’s Aid and Thrive Group Wales.

SASH property portfolio

In 2022 Thrive DAS entered into a loan agreement with the lender Social and Sustainable Housing (SASH), the property arm of Social and Sustainable Capital. During the period November 2022 to March 2024, a total of £2.6 million was drawn down and invested in 20 properties in Neath Port Talbot. The housing benefit received from tenants of these properties is used to make repayments against borrowing, maintain and refurbish dwellings and provide support to tenants with all aspecis of their housing and wellbeing needs. Surpluses on this fund are used to cover the ongoing management and operational expenses of Thrive DAS.

Restricted funds

BBC Children in Need - Children and Young People (CYP)

Funding to deliver a project supporting children and young people aged 4-15, by offering a series of specialist programmes and one-to-one support.

Children Affected by Domestic Abuse (CADA)

Consortium funding awarded to Welsh Women's Aid by the Ministry of Justice to provide the RESPECT programme which works with children who are displaying violent or aggressive behaviours to their caregivers.

Comic Relief - The EDGE Project

Grant funding for specialist support for victims of domestic abuse from the Gypsy, Roma and Irish Traveller Community, women from black, Asian and minority ethnic groups, older women and disabled women. This funding has now ended and the project has been taken over by MOJ/PCC.

Comic Relief - recovery funding

Originally granted to provide Crisis support during Covid.

Crowd Funding- CYP Crisis Worker

A crowd funding initiative to raise additional funds to supplement the existing BBC Children in Need CYP grant with the aim of staffing a specialist Children's and Young Person’s Crisis worker.

Crisis service

One-off grant received from Carpenter Singh Solicitors to cover the cost of target hardeningfor

for service users in Crisis.

ETF Food Poverty grant

Monies given to enable us to give food vouchers to service users in poverty.

40

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

In Memory of Suzanne Walker

Donations raised in memory of a former employee and supporter of Thrive, Suzanne Walker.

Ministry of Justice Victims and Vulnerabilities Grant -The EDGE Project Continuing the funding previously received from Comic Relief, this grant helps provide specialist supportfor victims of domestic abuse from the gypsy, Roma and Irish traveller community, women from black, Asian and minority ethnic groups, older women and disabled women.

Moondance Foundation - Volunteer Manager

Funding awarded to employ a Volunteer Manager to sustain and grow Thrive’s volunteering provision.

National Lottery Community Fund - People and Places - RAPID The partnership of Thrive WA and South Wales Police, awarded £500,000 over 5 years to deliver the RAPID Project. Domestic Abuse specialists are co-located with the police force to attend incidents of DA in partnership with South Wales Police.

National Lottery Community Fund - Swansea Women’s Aid &Thrive Women’s Aid - SWAN Project Swansea Women’s Aid and Thrive working in partnership to support vulnerable sex workers in the Swansea and Neath Port Talbot areas.

NPTCBC Shared Prosperity Fund ~ LIFE

Fundingto support the continuation of the LIFE (Liberty, Independence, Freedom and Empowerment) project.

Nationwide — Housing First Funding provided for the growth and development of our Housing First provision. The initiative provides wrap- around, holistic support for women with multiple needs to obtain and maintain a tenancy.

NPTCBC Housing Support Grant Community & Outreach, NPTCBC Housing Support Grant Residential Services and NPTCBC Housing Support Grant SWAN Welsh Government funding from ‘Supporting People, used to achieve 11 pre-defined outcomes which are recorded for each service user.

NPTCBC Warm Hubs Fund

Originally awarded £2,400 to fund a warm hub at Thrive's main office through the winter months.

NPTCBC- Think Family Partnership - Families First Domestic Abuse contract

Funding awarded for the provision of Early Intervention and Prevention services for domestic abuse across Neath Port Talbot.

NPTCBC Residential Housing Benefit

NPTCBC covers the cost of accommodation for eligible residents at our Refuge and Move On houses by paying enhanced housing benefit direct to Thrive DAS.

Pen-y-Cymoedd

AMicro Fund community grant received to contribute to the employment costs of an in-house specialist domestic abuse counsellor.

PCC/SWP Research Funding

A one-off contribution towards research commissioned by Thrive to investigate the effects of the closure of TATA Steel’s blast furnaces on women in the community. Also, to investigate whether the closures at TATA influenced domestic abuse rates in the area.

41

PORT TALBOT AND AFAN WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS ~ continued FOR THE YEAR ENDED 31 MARCH 2025

PCC ACES Fund ~ CLEAR

Prevention programme for males displaying domestic abuse behaviours who recognise their harmful behaviours and selfrefer.

Tudor Trust

Extended grant funding providing unrestricted funds to cover managerial and administrative costs of overseeing all projects within Thrive.

National Lottery Community Fund - Awards for All This grant provides 19 months continuation cover for our Volunteer Manager.

Lloyds Bank Foundation - research grant

Lloyds Bank Foundation Funding for the TATA Steel research project.

WA VAWDASV Capital Grant

Grant awarded to cover the refurbishment of offices at Customs House, Port Talbot. This fund has been transferred to unrestricted, due te the asset being held for a general and nota restricted purpose.

WG Regional Ask & Act 21/25

Funding to provide consortium-led ‘Ask and Act’ courses across the Swansea Bay Region.

The Waterloo Foundation

Match funding to deliver a project supporting children and young people aged 4-15, by offering a series of specialist programmes and one-to-one support.

Other restricted funds

Other restricted funds with balances less than £800,

27. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

28. ULTIMATE CONTROLLING PARTY

The Group and Charity are ultimately controlled by the Trustees of the Charity as listed in the Trustees report.

29. SUBSIDIARIES

The Charity controls PTAWA Enterprises Ltd, its wholly owned subsidiary. The company is registered in England and Wales, company number 10812095. All surpluses made are gifted to the Charity. The financial statements have been consolidated on a line-by-line basis in the Statement of Financial Activities.

Their result for the year ended 31 March 2025 were turnover of £334,321 and expenditure of £329,579, giving a net result for this year of a surplus of £4,743. The closing balance sheet showed a net liabilities position of £112,384, which is made up of assets of £97,694, less liabilities of £210,078.

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