Company registration nurnber.. 02808978 Charity registration number: 10206)5 Gypsies and Travellers Wales Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended i l March 2024 CommuIiity Accounting Plus Units l & 2 North West 41 Talbot Street Nottinu NGI 5GL
Gypsies and Travellers Wales Limited Contents Reference and Adminlstrative Delails Trustees, Report 2to5 Independent Examine¢s Report Statement of Financial Activities 7t08 Balance Sheet 9tolO Notes to the Financial Statements Ito20
Gypsies and Travellers Wales Limited Reference and Administrative Details Trustees John Dry'sdale. Chair Hugh Mackay Rhona Probert Louise Santaana. Treasurer Jasmine Jones R05eanne Bennett Senior Management Team Helen Krafts, Company Secretary Louisa Devonish. Director Charity Registration Number 10206)5 Company Registration Number 0?808978 Registered Olee Trowbridtse Cornmunity Centre Caernarvon Way Trowbridge Cardiff CFJ IRU Independent Examiner John O'Brien. employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page I
Gypsies and Travellers Wales Limited Trustees, Report The trustee5, who are director5 for the PUTPOSe5 of company law. present the annual report together with the financial statements and auditors, report of the charltable company for the year ended 31 March 2024. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Tnte¢S.. John Drysdale, Chair Hugh Mackay Rhona Probert Louise Santaana. Treasurer Jasmine Jones {apwinted 20 February 2024) Roseanne Bennett {appoinied 29 May 2024) Struclure, governance and management Nalure ofgoverning documenl The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 29th March 199). It ha5 no share capital and the liability of each member in the event of winding-up is limited to £ l. Recruilmenl and appoinlmenl of Iruslees Recruitment advertisements are placed periodically in relevant Tnagazines and new51etters for the voluntary and public sectors. Approaches are also made to private seclor companies which have schemes to encourage staff to volunteer with charitable organizations. New trustees are also sought through working and personal COT)tacts. Candidates complete an application fonn and are interviewed by a subgroup of existing Trustees. Those selected are invited to the next meeting of Trustees as an observer to enable them to decide if they wish to become a Trustee, and to enable approval by the Board of Trustees. Objeclives and activities Objeets and aims Our aim is to support and enable Gypsies and Trdvellers Wales to achieve a high quality and equitable standard of life. Ensure suitable, safe accommodation of good condition for all Gvpsies and Travellers Challenge discriminatory behaviour and attitudes towards Gvpsies and Travellers Improve acce5S to and effectiveness of public services for Gypsies and Travellers Increase educational attaitunent, confidence to participate as active citizen5 and employability prospects of Gypsies and Travellers Page 2
Gypsies and Travellers Wales Limited Trustees, Report Objective5, slrategies and activilie5 Gypsies and Travellers Wales provide inforniation. support. advice and advocacy to Gypsies and Travellers to improve access to suilable accommodaiion. public services and employment. Delivery of these services is through a combination of our telephone advice line. appointments and drop-in advice sessions. Main areas of work are advice and liaison on issues of development. management and maintenance of Traveller sites. homelessness. welfare benefits, reviews and appeals- education- health, social and housing services. racial discrimination. In addition to this, Gypsies and Travellers Wales offers training, consulLoncy, infonnation, advice and liaison services to local auihorities, Welsh Government and all relevant agencies and professional bodies in Wales. Furthennore. our W.E.ST project supports the community to improve their skills through driver theory sessions and employability sessions. Additionally advice around engaing il¥ith School is also an area that 15 SUPPOrted and support with mental health and wellbeing. Our services provide advice. advocacy and information to Gvpsies and TravelleTS. a recognized ethnic group, who experience significant discrimination. marginalization and barriers resulting in high levels of poverty, homelessness, poor literacy, p(Tror health and high uneTnployment. OUT services enable Gypsies and Travellers to overcome these difficulties while building self-confidence av]d independence. We also have a project specifically focused on research and improving access to accomodation, acce55 to health Service and and access to leaming and training opportunitie5. Our services also support Welsh Governmeni. Local Auihorities and public services and therefore the public generally to deliver services more effectively to Gypsies and Travellers. Public benefil Our services provide advice, advocacy and inlorniation to Gypsies and TravelleTS. recognised ethnic group, who experience significant discrimination. marginalisalion and barriers resuliing in high levels of poverty, homelessness, poor litera¢v. poor healih. and high unemplovment. Our services enable Gypsies and Travellers to overcome these dIlcultieS H'hile building self-confidence and independence. Our services also support Welsh Government. Local Authorities. and public services, and therefore the public generally, to deliver services more effectively lo Gypsies and Travellers. The trustees confim] that they have complied '][b the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Gypsies and Travellers Wales Limited Trustees, Report Achievements and performance Across our four main projects we supported 873 adults and young people across a range of areas. In our advice and liaison service in Cardiff ive helped with issues such as accessing welfare benefits including health related benefits. debt issues, housing issues. giving out food bank vouchers, supporting with resettlement into suitable housing for those ihat were homeless or in unsuitable housing, community advocacy, referring to specialist agencies for further support, planning issues. referring for employmenl and skills support. In Cardiff we supported 606 clients and received 4,450 phone calls requesting sUPPOrt. In Gwent we supported with similar issues to those in Cardiff and provided long terni support to 15 clients and short tenn support to 59 clients. Our funding from the Irish Embassy meant that 14) client of Irish heritage were able to access support with issues around debt. employ.ment and skills, fuel, housin& welfare benefits, discrimination issues, budgeting and money. Our W.E.S.T (Wellbeing, EmplOne1)t and Ski115 Project) sUPPOrted 50 clients over the last year 15 off those accessed the driver theory project (6 passes). further clients were support to complete Cvs. practice mock intervieivs, access training, gei advice on home schooling and accessing educaiion, attendino paediatric first aid courses and support around mental health and kn"ellbeing. Additionally.. we held a Christmas party for the community and held an event for GRT month in June 20?" Financial review Our funding situation has improved throughout 2J124 in comparison with the previous year, this is due to increases in funding from Cardiff Council and Givent Local Authoriry and research we have undertaken which we have received renumeration for. We continue to receive funding from Cardiff Council, Gwent Local Authority, Lloyds Bank. Lottery Community Fund and the Irish Embassy, Moving for change. We have also raised income through our training and consultancy work. Poli(y on reserves The Trustees policy is to hold sulTicient reserves to maintain 6-months operation in the event of loss of grant funding income. Principol risks and uncertainties Financial risk Our current funding is reliant on the commisioning authorities continuing to fund the charity to carryi out its functions. We are aware that due to the cuent finacial crisis affecting government budgets that this could impact on funding streams. We are confident that the work we do for LAS will not be affected by this. We cannot be certain about future funding. Small Companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 4
Gypsles and Travellers Wales Limited Trustees. Report Statement of Responsibilities Th¢ LTUSt¢es (who arc also the directors of Gyysi¢s and Travellers Wales Limited for the purposes of company law) are sponSIble for preparing the trsleeS, report and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acccplcd Accounting Practicc), including FRS 102 "Thc Financial Reportg Standard applicablc in the UK and Republic ot" Ireland" Th¢ report and accounts bave becD prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the truslees to prepare fUla1 statements for ¢a¢h fwancial year. Under company law th¢ ¢rustees rn81 noi approve the financial staiements Unle they arc salisfied thai they give a true and fair vicw of the state of affairs of the charitable company and of the incoming resniirces and applicatinn nf resnifftrce%. including its income and eXpendIre. ol the charitabl¢ company for that Peri. In preparing these financial stalcmcnts, the truslees are required to: select suiiable accounttng poli¢ies aod apply them consistenily: obscrve the metho&s and principl&s in the Chariiies SORP. Stale whether applicable accounting sthndards. comprising FRS 102 hav¢ been follow subjeci to any material departu5 dI105¢d and explained iti the financial statements. and prepar¢ the fiDancial statements on the going concern basis unless it 15 inappropriate to prcsumc thai the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time thc financial position of th¢ charitable company and enablc them to cnsure thai the financial Slatemcnls omply with the Companies Aci 2006. They are also responsible for safeguarding the assets of the charitabl company and hence for taking reasollable 5t¢ps for the prevention and detection of fraud and other iegular1tie5. The tru5tecs are responsible for the maintenance and integrity of the corporate and financial inforniation included OD the cl)arAtable company's website. LegislatlOD governing the prep¥r•tion dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the ITUSttts of the charity on ..1211212024 . and signed on its behalf by: Joh Trustee sdale Page 5
Gypsies and Travellers Wales Limited Independent Examiner's Report to the trustees of Gypsies and Travellers Wales Limited {'the Company,) Independent exalniner's report to the trustees of Gypsies and TraTrellers Wales Limited ('the Company,) I report to the charity trustees on my examinaiion of the accounts of ihe company lor the year ended J l March 2024. Re5ponsibilitie5 and basis of report As the charity's trustees of the Company (and also its directors for the purposes of Company law) you are responsible for the preparation of the accounts in accordance with the requiremenls of the Companies Act 2006 ('the 2006 Act ). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination: I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (-'the 2011 Act,). In carrving out my examination I have follom'ed the Directions given by the Charity Conunission under section 145(5)(b) of the 2011 Act. Independent examiner's Statement Since the Company's gross income exceeded £?50.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. l Confirm that l am qualified lo undertake the examination because l am a member and Fellow of the Association of Charity Independent Examine. whi¢h is one of the listed bodies. I have completed my examinaiion. I confim) thai no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Company as required by section )86 of the 2006 Act; or 2. the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of section i96 of the 2006 Act other than any requirement that the accounts give a 'trne and fail view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charitles preparing their accounts in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawm in thi5 report in order to enable a proper understanding olthe accounts to be reached. John O'Brien MSC, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottinu NGI 5GL 2411212024 Page 6
Gypsies and Travellers Wales Limited Statement of Financial Activities for the Year Ended 11 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Investment income 84,401 2.167 1.572 84,401 293,445 1,572 47,630 268,516 291,278 Total income 88,140 291,278 379.418 316,146 Expenditure on: Charitable activities (64,?81) (27J.299} (J37,580) (291,141) Total expenditure (64,?81) {?7).299} (337,580) (291,141) Net income Transfers between funds 17,979 448 25,005 (448) Net movement in funds 23,411 18,427 41,838 25,005 Reconciliation of funds Total funds brought fonvard 67,126 16,415 83,541 Total funds carried fonvard 14 125,379 83,541 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 14. The notes on pages I I to 20 form an integral part of these financial statements. Page 7
Gypsies and Travellers Wales Limited Statement of Financial Activities for the Year Ended 11 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figures for the previous accounting period and are included for eomparative purposes Unrestricted Restricted Total funds funds 2023 Note Income and Endowmenls from: Donations and legacies Charitable activities 47,630 268,516 411 268,105 Total income 48,IM I 268,105 316,146 Expenditure on: Charitable activities (12,603) (278.538) (291.141) Total expenditure (12,603) (278,538) (291.141) Nel in¢omel(expenditure) Transfers between funds (10,433) 4.159 25,005 {4,159) Net movement in funds (6,274) 25,005 Reconciliation of funds Total funds brought forward 22,689 58,536 Total funds carried fonvard 14 67,126 16,415 83,541 The notes on pages I I to 20 form an integral part of these financial statements. Page 8
Gypsies and Travellers Wales Limited (Registration number: 02808978) Balance Sheet as at 31 March 2024 2024 2023 ote Fixed assets Tangible assets 2,440 4,586 Current assets Debtors Cash at bank and in hand io 200 139,927 18,832 99,535 140,127 118,367 Creditors: Amounts falling due within one year 12 (1 ?,088} {14,312) Net current assets 128,039 104,055 Total assets less current liabilities 130.479 108,641 Creditors: Amounts falling due after more than one vear 13 (5,100) {25,100) Net assels 1 ?5,379 8i,541 Funds of ihe charity: Restricted income funds Restricted funds 14 34,842 16,415 Unreslrieted ineome funds Unrestricted funds 90,537 67,126 Total funds 14 125,379 83,541 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit ol its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The notes on pages I I to 20 form an integral part of these financial statements. Page 9
Gypsies and Travellers Wales Limited (Registration number: 02808978) Balance Sheet as at 31 March 2024 The financial ststements on pages 7 to 20 were approved by the trusiees, and authorised for issue on 1811212024 . and signed on their behalf by: Louise Trustee The notes on pages I I to 20 form an integral part of these fmancial slal¢ments. Page 10
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policie5 Sumtnary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparaiion of these financial statements are set out below. These policies have been con51Stently applied to all the years presente(L unless otherwise stated. Staten]ent of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charilies.. Statement of Recommended Praclice (applicable lo charilies preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Gypsies and Travellers Wales Limited meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Exemption from preparing a cash flow slatelnent Under the exemption available io smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flo.$ ithin the financial statements. Income and endowments Voluntary income including donations. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with s1¢ient reliability- Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance condilions are attached to the grnTJt and are yet to be met, the income is recognised as a liability and included on the balance sheet as defed income to be released. Inveslmenl income Dividends are recognised on¢e th¢ dividend has been de¢lared and notification hhs been Te¢eived of the dividend due. Pagell
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that agregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on ihe spread of staff costs. Choritable activilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Government grants Government grants are recognised based on the accrual tnodel and are measured at the fair value of the a55et received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is r¢cognis¢d as deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter ) Part I l of the Corporation Tax Act 201 O or Sectioii 256 of the Taxation of Chargeable Gains Act 1992, 10 the extent thai such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreclation and subsequent accumulated impainnent losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to WTite off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows= Asset class Furniture and equipment Computer equipment Depreciation method and rate 250/0 Reducing balance JJ /0 Strdight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the trdnsaction price. They are subsequently measured at amortised cost Using the effective interest method. less provision for impairnient. A provisiov) for the impaimient of trade debtors is established when there is objective evidevjce that the charity will not be able to collect all amounts due according to the original terms of the receivables. Page 12
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not haTre an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilitie5. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objective5 of the charity. Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The company operates a defined contribution pension scheme for emplovees. The assets of the scheme are held separately from those of the company. Pension costs charge5 in the Statement of Financial Activities represent the contributions payable by the company during the year. 2 Ineome from donations and legacies Unrestricted funds General Total 2024 Total 2023 Donations and legacies- Donations from individuals Grants, including capital grants; Government grants Grants from other charities 500 500 55.701 28.200 55,701 28,200 47,630 84,401 84,401 47,630 Page IJ
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 3 Income from charitable activities Unrestrieted funds General Restrieted funds Total 2024 Total 2023 Grants & donations Trading income Sundry receipts 291,278 291,278 2,167 268,105 250 161 2,167 2,167 291,278 293,445 268,516 4 Grants & donations Unrestricted funds Restricted funds Total Cardiff City Council TCBC The National Lottery Community Fund Moving for Change Embassy of Ireland Welsh Government Lloyds Bank Foundation South Wales Police Older People's Commissioner for Wales Three Hands Sundry grdnts & donations 82,312 79.788 82,312 79,788 67,214 44,728 17,236 48,701 25,000 7,000 3,000 200 500 44.728 48.701 25,000 7,000 200 500 84,401 291 ?78 J75,679 5 Investment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income- Interest receivable on bank deposits ,572 1,572 Page 14
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 6 Expenditure on charitable activitie5 Unrestrieted funds General Restrieted funds Total 2024 Total 2023 Bank charges Equipment Executive costs Insurances IT Costs & Advice Pro Mileage Telephone & postage Printing Professional fees Proje¢l activities Publicity Recruitment Rent 129 129 388 100 3,503 382 3.722 10,801 3,559 781 239 5,262 9,930 465 32,141 9,000 206,051 272 loo 10,021 6,066 1,029 10,021 6,662 .029 238 596 4,224 5,49) 1,4)4 6.927 11,248 Wages, Nl & Pension Stationery Subscriptions Training fees Sundry eypenditure Depreciation 54,509 227,664 282,17J 277 277 352 59 500 559 250 2,195 2.146 2,146 fv1,281 273,299 337,580 291,141 7 Net incomingloutgoing resources Net incoming resources for the year include= 2024 2023 Depreciation of fixed assets 2,146 2,195 Page 15
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 8 Staff costs The aggregate payroll costs were as folloivs= 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 251,564 16,958 13,651 185,638 9,990 10,423 282,173 206,051 The monthly average number of persons (including senior management team) employed by the charity during the y.ear w'as as follows= 2024 2023 Average number of employees 12 io Contributions to the employee pension 5cheme5 for the year totalled £13,651 (2023 - £10,423). No employee received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charity were £39,345 (2023 - £29,081). 9 Tangible fixed assets Furniture and equipment Computer equipment Total Cost At l April 2023 24,654 6,000 30,654 At 31 March 2024 24,654 6,000 30,654 Depreciation At l April 2023 Charge for the year 24,068 146 2.000 2,000 26,068 2,146 At i l March 2024 24,214 4,000 28,214 Net book value At 31 March 2024 440 2,000 2,440 At 31 March 2023 586 4.000 4,586 Page 16
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 10 Debtors 2024 2023 Trade debtors 200 18.832 I I Cash and cash equivalents 2024 2023 Cash at bank 139,9?7 99,535 12 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other crediiors 480 3.494 8,114 1,645 4,752 7,915 12,088 14,312 13 Credilors: amounls falling due after one year 2024 2023 Other creditors 5.100 25,100 Creditors due after one year are the result of a prevlous defined benefit scheme shortfall of £5,100 (202J £25,100) owed to Cardiff City Council payable after one year due in instslments of £5.000 from 2021 onwards. Page 17
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 14 Funds Balanee at 31 March 2024 Balance at I April 2023 Incoming resourees Resources expended Transfers Unreslrieted funds General General 67,126 88,140 {64,281) {448) 90,537 Restricted funds Emplovment Support Influencing Support Advice & Liaison Policy 67,213 (62,567) (5,080) (179.964) (25.688) 4,646 5,080 180 11,155 179,3J6 44,729 448 30,196 Total restricted funds 16,415 291,278 (273 ?99) 448 34,842 Total funds J79,418 (J37,580) 125,379 The specific purposes for which the funds are to be applied are as folloivs: Employment Support - This lund contributes toward our work supporting employment for Gypsies and Travellers in Wales. Influencing Support - This fund contributes toward our efforts influencing the policy for the Gypsy and Traveller community in Wale5. Advice & Liaison - This fund contributes loward our advice and liaison service. Policy This fund contributes to a project thal seeks to improve the quality-of-life Gypsies and Travellers living on Rover Wa>. and living or sta}'ing on the roadside in Cardiff, through raising the voices of Gypsies and Travellers and using research io influencing policy. The transfer from the Generdl fLmd to the Advice & Liaison fimd is to cover the deficit on this activity. Page 18
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 Balanee at 31 March 2023 Balance at I April 2022 Incoming resources Resources expended Transfers Unreslricled funds General General 48,041 (12,603) (4,159) 67,126 Restricted Employment Support Influencing Support Advice & Liaison Policy Tenancy Support 22,387 5,080 12,132 41,497 (68,043) 4,159 5,080 180 11,155 172,700 29,881 24,027 (184.652) {20,499) (5.344) (18,68)) Total restricted funds 22,689 268,105 (278.5J8) 4,159 16,415 Total funds 58,536 J16,146 (291.141) 83,541 15 Analysi5 of net a55ets between fund5 Unrestricted 2024 Total funds General Restricted Tanoible fixed assets Current assets Current liabilities Creditors over l year 2,440 95,185 (7,088) 2,440 140,127 (12,088) (5.100) 44,942 (5,000) (5,100) Total net assets 90,5i7 125,379 Unrestricted 2023 Total funds General Restricted Tanoible fixed assets Current assets Current liabilities Creditors over l year 4,586 71.852 {9.)"12) 4,586 118,367 {14,312) (25,100) 46.515 (5,000) (25,100) Total net assets 67,126 16,415 83,541 Page 19
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2024 16 Fees payable to independent examiner During the period, the fees payable (excluding VAT) to the charity's independent exarniner Community Accounting Plus are analJ'5ed as folloii's= 2024 2023 Independent examination Other financial services 975 180 925 288 1,155 17 Taxation The charity is a registered charity and is therefore exempt from Lqxation. 18 Trustees remuneration and expenses No trustees, nor any persons connecled with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 19 Related party transactions There were no related party transactions in the year. Page 20