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 2025 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 2to7 Independent Examine¢s Report Statement of Financial Activities 9tolO Balance Sheet 11 to 12 Notes to the Financial Statements 13to22
Gypsies and Travellers Wales Limited Reference and Administrative Details Trustees Hugh Mackay Rhona Probert Louise Sanlaana. Chair Jasmine Jones. Treasurer Roseanne Bennett Senior Management Team Louisa DevovJi5h. Cornpavjy Secretary Charity Registration Number 10206J5 Company Registration Number 02808978 Registered Olee Troii".brid(Je Community Centre Caernarvon Way Troivbrid(Je Cardiff CF3 IRU Independent Examiner Eva Sievens. employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottin2ham 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 of the charitable company lor the year ended 31 March 2025. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Tnte¢S.. John Drysdale (resigned 18 November 2024) Hugh Mackay Rhona Probert Louise Santaana. Chair Jasmine Jones, Treasurer 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 advertised online aT]d shared with existing neN'orks. Approaches are a150 made to private sector companies which have scheme5 to encourage staff to volunteer with charitable organisations. New trustees are also sought through working and personal contacts. Candidates provide a CV. 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 Tntte$. Trustee Board Composilion and Governance In November 2024, routine trustee turnover reduced the board to five trustees, below the minimum of six required under our Articles of Association. As a result. the board aS not quorate for part of the reporting year. The trustees continued to meet and exercise appropriate oversight during this period while prioritising the recruitment of additional trustees. Recruitment is undenvay. and the charity expects to restore its full complement in 2025-26. Objeclives and activities Objects and aints Our aim is to support and enable Gypsies and Travellers Wales to achieve a high quality and equitable standard of life. Ensure suitable, safe accommodation of good condition for all Gypsies and Travellers Challenge discriminatory behaviour and attitudes towards Gypsies and Travellers Improve access to and effectiveness of public services for Gypsies and Travellers Increase educational atlainmeni: confidence to participate as active citizens and employability prospects of Gypsies and Travellers Page 2
Gypsies and Travellers Wales Limited Trustees, Report Objective5, slrategie5 and activilie5 Gypsies ld Travellers Wales provide inforniation. support. advice and advocacy to Gypsies and Travellers to improve access to suilable accommodation. public services and employment. We deliver these services through a combination of telephone advice. appointmenls. and drop-in sessions. Our main areas of work include advice and liaison on-. • Accessing culturally appropriate accommodation and managing a tenancy • Homelessness • Welfare benefits, including reviews and appeals • Education Health and social care Racial discrimination In addition, Gypsies and Travellers Wales offers training. consultancy, and liaison services to local authorities, the Welsh Government. and other relevant agencies and professional bodies in Wale5. Our W.E.ST. (Wellbeing Employment and Ski115 Training) project supports the community to improve their skills through driver theory and employability se55ions and supporting digital access. We a150 provide advice on engaging with schools, and offer support around mevjtal health and well-being. Further, we help with accessing work and training. Our Cardiff and Giyent services offer advice. advocacy. and infornlation to Gypsies and Travellers, a recognised ethnic group, members of which face significani discrlmination. marginalisation, and barriers. These challenges often result in high levels of poverty, homelessness. poor literdcy. poor health, and high unemployment. Our services enable Gvpsies and Travellers lo overcome these difficulties 'hI]e building self-confidence and independence. Our services also support the Welsh Government. local authorities, and public services more broadly benefiting the wider public by helping these bodies deliver services more effectively to Gypsies and Trav¢ll¢rs. Public benefil Our services provide advice, advocacy and infonnalion to Gypsies and Travellers, recognised ethnic group, who experience significant discriminalion. marginalisalion and barriers resulting in high levels of poverty, homelessness, poor literacy, poor health, and high unemplovment. Our services enable Gypsies and Travellers to overcome these difficulties while 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 to Gypsies and Travellers. The trustees confimi that they have complied '1th the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published b), the Charity Conimission for England and Wales.
Gypsies and Travellers Wales Limited Trustees, Report Achievements and performance In 2024-2025, Gypsies and Travellers Wales has made signifjcant progress in delivering culturally sensitive support, advice, and advocacj" to Gypsy and Traveller communities across Wales, with the introduction of our new, Pan Wales Advice line funded by the Lottery. Our work continues to be rooled in community-led principles, building trnst through consistent engagement, tailored services, and a deep understanding of the structurdl inequalities our communities face. Funded by the Irish Government's Emigrant Support Programme (ESP). this year's project provided free, confidential advice and advocacy across key areas including housing. welfare, education, debt, and health. Between July 2024 and June 2025, we supported 372 individuals: of whom 185 were Irish-born and 70 of Irish descent. Key outcomes included: 219 clients supported with welfare benefits 90 clients assisted with housing and homelessness 29 individuals 5llPPOrted 'ith debt advice, wilh £5,250 in financial outcomes secured l individuals 5llPPOrted into education 35 clients received emploj'ment and ski115 SUPPOrt 41 Cases helped access esseniial ID documents Outreach was delivered across Cardiff, Newport, Caerphilly, and Torfaen through home visits, drop-ins: and remote support • Over 575 distinct cases were opened The project direcily improved access lo services and promoted greater inclusion for Irish Traveller familles, especially those facing digital exclusion, discrimination. and poverty. WEST (Welsh Engagement Support and Training) Project The WEST project continued to develop in scope and reach. providing holistic support to individuals and families across a range of themes including digital inclusion. driver theory, employmenL education, and wellbeing. Headline figures= 49 individuals accessed WEST support {24 female. 25 male) 78 community members received SIM cards '1th data and tninute5 6 laptOP51tablets gifted to families with children with Additional Learning Needs . 22 community members engaged in driver theory Sessions: 9 passed, 13 still working tom'ards a pass I l individuals engaged in educationltraining 8 advised on home schooling 3 individuals participated in Prince's Trust Enterprise Programme l individual supported into full-time emplo)'ment 3 supported io build Cvs for Universal Credil 49 people engaged in health and wellbeino support We developed new offline digital resources. delivered tailored training sessions, and partnered with Digital Communities Wales and the Prince's Trust to offer broader opportunities. Driver theory sessions reinaiiied popular and Impact1, with participants reporting greater confidence and improved literacy. We also embedded positive mental health promotion in all deliverv, despite ongoing stigma in the community. Page 4
Gypsies and Travellers Wales Limited Trustees, Report Cardiff Council Social Welfare Advice Service Our Cardiff-based project continues to provide esseT]tial advice and support to residents living on sites and in bricks-and-mortar accommodation. Between April 2024 and March 2025. the project supported 572 individuals, handling: I, l ij digital appointments 1,408 face-to-face appointments i,966 telephone calls This service is criii¢al in helping Gypsies and Travellers residents navigate complex systems around benefits, housing, and public services. Gwent HSG Project (2024 - 2025) Gypsies and Travellers Wales delivers floating support and advice services across the Givent region. Our team provides practical, assistance to help individuals maintain their tenancies. access essential services, and build the skills needed for independent living. Support includes help with budgeting.. accessing benefits, understanding tenancy rights, and liaising with landlords or utility providers. All support is culturally sensitive and tailored to the unique needs of the Gypsy and Traveller community. In 2024- 25 we provided long temi support to 29 community members and short term support to 166 community members. We work with clients on both sites and in bricks and mortar accommodation. this year saw a new site open in Newport and we have supported the new residents to apply for pitches on the new site. support NeIort council ivith allocations and supported residents to settle in and claim their entitlements. We have also helped Newport LA undertake welfare checks on Unauthorised Encampments. We have a training program that we deliver to other organisation around working with Gypsies and Travellers, this course has been co desiJ(F ed with community members, we have delivered to other third sector organisations and Local Authorities over the last year. We have recently appointed a new Policy. Engagement and Communications Officer as we are undertoking engagement and research projects with the community we work with. The Ol¢er also manages our social media and responds to policy consultations and white papers. Financial review Our funding situation has improved throughout 2024125 in comparison with previous years, due to increased funding from Gm'ent local authorities and from research. consultstions and training we have undertaken for which we have been remunerdted. We also received funding from Awards for All which has paid for our Pan Wales telephone service. We continue to receive funding from Cardiff City Council, Caerphilly Local Authority, Torfaen Local Authority and Newport Local Authority Irish Embass}, and Moving for Change. Policy on reserves The Trustees policy is to hold sutTicient reserves to maintain 6-months operation in the event of loss of grant funding income. Page 5
Gypsies and Travellers Wales Limited Trustees, Report Principol risks and uncertainÉie5 Financial risk Our current funding is reliant on the commisioning authorities continuing to fund the charity to carry out its functions. We are aware that due lo the current finacial crisis affectino government budgets that (his 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. Sm211 companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 6
Gypsies and Tr2vellers Waks Llmited Trnsteesl Report ststement of R¢sponxil)Illties The bleS (who are also the dircctOTS of Gypsies and Trav¢llcrs w¢S Limited for the purpose5 of company law) are re5ponsJBle for preparing the tsvstees, reN)rt and the financial stslements in accordance with applicable law and Uniled Kitigdom Accounting Standarth (United Kingdom Genernlly Accepted Ac¢ounting Practice). including FRS 102 "The Financial Rewrting Standard applicable in the UK and Republic of Ireland.. The report and accounts have Iwi prepared in accordm with the provisions in the Companies Act 2006 relating to small companies. the tnteeS must not approve the financial slaternents unless they are s&tisfied that they give a true and fair view of the state of affairs of the charitabk company and of the incoming resouw and application of resources, including its income and expditre, of the cTrwitable c(Thpany for that WiOtL In prep&Ting these financial select suitable acc4)unting wli¢ies aNI apply them consistenttr. observe the methods and principles in the Cbarities SORP: state whethw Jppli¢able aOunting Standa comprising FRS 102 have been follorf subject to any prepare the financial statements on the going concern basis unless it is Inapprn&* to prffjune that the chaTitsble company will continue in busincss. The trustets ¥tt responsible for keeping proper •¢¢ountin8 rewds that can disclose with reasonable accurdcy at aiiy time the financial position of the ¢kntable company and enable them to ensure that the financial statements eompty with the Companies Act 2006. Tly are 8150 responsil)le for safeguarding the assets of the charitsble company and hence fot taking reasonable stq>s for the prevention ddection of fraud and other irregularitie& The truste are resp)nsil>k for the maintenance and inteBrity of the Corporate and firthncial information included on the charitsble CA)rnpon$ website. 12wlation governing the preptiTrtion and dissemination of financial statcments may diffcr from Iwlation in otheriorisdictioDs. -4[IJ2S..... and signed on its behalfby:
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 2025. 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 £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Association of the Chartered Insiitute of Public Finance and Ac¢ountancy (CIPFA), which is one of the listed bodies. I have completed my examination. I confimi that 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 faiv view which is not a matter considered as part of an independent examination; or 4. the accounts have not been pr¢pared in accordanc¢ with the methods aT]d principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 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 eiatnination to which attention should be drawm in this report in order to enable a proper understanding of the accounts to be reached. Eva )ievens, B)c, LPkA, emplo}'ee of Communit), Accounting Plus member of the Association of the Chartered Institute of Public Finance and Accountancy (CIPFA) Units l & 2 North West 41 Talbot Street NottinJam NGI 5GL 0811212025 Page 8
Gypsies and Travellers Wales Limited Statement of Financial Activities for the Year Ended 11 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2025 Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Investment income 15,129 30,338 15,129 317,991 2,290 84,401 293,445 1,572 287,653 Total income 47,757 287,653 335.410 379,418 Expenditure on: Charitable activities (26,544) (297.916) (J24,460) (J37,580) Total expenditure (26,544) {?97.916} (3?4,460) (337,580) Net incomel(expenditure) Transfers between funds (10,?6)) (599) 10,950 41,838 599 Net movement in funds 21,812 (10,862) 10,950 41,838 Reconciliation of funds Total funds brought fonvard 125,J79 Total funds carried fonvard 14 11?349 23.980 136,329 125,379 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 13 to 22 form an integral part of these financial statements. Page 9
Gypsies and Travellers Wales Limited Statement of Financial Activities for the Year Ended 11 March 2025 (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 2024 Note Income and Endowmenls from: Donations and legacies Charitable activities Investment income 84,401 2.167 1,572 84,401 293,445 1,572 291,278 Total income 88,140 291,278 379,418 Expenditure on: Charitable activities (fv1,281) (273.299) (337.580) Total expenditure (64,281) (273,299) (337,580) Net income Transfers between funds 23,859 (448) 17.979 448 41,838 Net movement in funds 18.427 Reconciliation of funds Total funds brought fonvard 67,1?6 16,415 83,541 Total funds carried forward 14 125,379 The notes on pages 13 to 22 form an integral part of these financial statements. Page 10
Gypsies and Travellers Wales Limited (Registration number: 02808978) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 729 2,440 Current assets Debtors Cash at bank and in hand io 7,163 144,774 200 139,927 151,9J7 140,127 Creditors: Amounts falling due within one year 12 (16,237) (12,088) Net current assets 135,700 128,039 Total assets less current liabilities 136.429 130,479 Creditors: Amounts falling due after more than one vear 13 (ioo) (5.100) Net assets lJ6,329 125,379 Funds of ihe charity: Restricted income funds Restricted funds 14 23,980 34,842 Unreslrieted ineome funds Unrestricted funds 12,349 90,537 Total funds 14 136,329 125,379 For the financial year ending 31 March 2025 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 of 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 13 to 22 form an integral part of these financial statements. Pagell
Gypsles and Travellers Wales Llmlted (Registration number: 02808978) Balance Sheet as at 31 March 2025 The financial statements on pages 9 to 22 were approved by the and authorised for issue on 0811212025 and si&ed on their behalf ty. Tntee The notes pages 13 to 22 frn an intwal part of thesc financial statements. Page 12
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 l Accounting policie5 Sumtnary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation 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 Charities.. Statement of Recommended Practice (applicable to charities 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 15 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 grnnt 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. Page IJ
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 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 chariiable 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 tan(Fible 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 14
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 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 tnjstees, 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 2025 Total 2024 Donations and legacies- Donations from individuals Grants, including capital grants; Government grants Grants from other charities 500 12.129 3,000 12,129 3,000 55,701 28,200 15,129 15,129 84,401 Page 15
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 3 Income from charitable activities Unrestrieted funds General Restrieted funds Total 2025 Total 2024 Grants & donations Trading income 287,65) 287,653 291,278 2,167 287,65) )17,991 293,445 4 Grants & donations Unrestricted funds Restricted funds Total Cardiff City Council TCBC The National Lottery CoTnmunity Fund Awards for All Embassy of Ireland Welsh Govemment Lloyds Bank Foundation We the Catalysts CIC 82,312 94,139 82,312 94,139 73,202 20,000 18,000 12,129 2,500 500 20,000 18.000 12,129 2,500 500 15,129 287,65J J02,782 5 Investmenl income Unrestricted funds General Total 2025 Total 2024 Interest receivable and similar income; Interest receivable on bank deposits 2,290 2.290 1,572 Page 16
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 6 Expenditure on charitable activitie5 Unrestrieted funds Other Restrieted funds Total 2025 Total 2024 Bank charges Equipment Executive costs Insurances IT Costs & Advice Pro Mileage Sundry expenditure Telephone & postage Printing Professional fees Proje¢l activities Recruitment Rent 126 1,182 126 1,182 25 129 388 loo 25 2,259 11,589 6,391 11.589 6.391 105 1,337 544 4.194 4,145 484 10,021 6,662 105 ,337 544 4,194 1,029 4,357 6.927 11,248 10,723 282,173 771 484 10.705 252,200 291 10.705 275,4J7 291 Wages, Nl & Pension Stationery Subscriptions Training fees Depreciation Card transaction fees 497 497 277 2,74) 559 2,146 2,310 96 96 26,544 297,916 324,460 337,580 7 Net incomingloutgoing resources Net incoming resources for the year include= 2025 2024 Depreciation of fixed assets 2,310 2,146 Page 17
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 8 Staff costs The aggregate payroll costs were as follows= 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs 244,086 251,564 16,958 13,651 14,015 275,4J7 282,173 The monthly average number of persons (including senior management team) employed by the charity during the y.ear was as follows= 2025 2024 Average number of employees 10 12 8 (2024 - 9) of the above employees participated in the Defmed Contribution Pension Schemes. Contributions to the etnployee pension 5cheme5 for the year totalled £14,015 (2024 - £13,651). 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 £55,473 (2024 - £39,345). 9 Tangible fixed assets Furniture and equipment Computer equipment Total Cost At l April 2024 Additions 24.654 6,000 599 30,654 599 At 31 March 2025 24,654 6.599 Depreciation At l April 2024 Charge for the year 24,214 110 4,000 2,200 28,214 2,310 At i l March 2025 24,324 6,200 Nel book value At 31 March 2025 330 399 729 At 31 March 2024 440 2.000 2,440 Page 18
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 10 Debtors 2025 2024 Trade debtors Prepayments 5,480 1,683 200 7,163 200 11 Cash and cash equivalents 2025 2024 Cash at bank 144,774 139,927 12 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors Accruals 2,880 5,222 6,695 1,440 480 8,114 12,088 13 Creditors: amounts falling due after one year 2025 2024 Other creditors loo 5,100 Creditors due after one year are the resuli of a prevlous defined benefit scheme shortfall of £ 100 (202J' £5,100) owed to Cardiff City Council payable after one year due in inslalments of £5,000 from 2021 onwards. Page 19
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 14 Funds Balanee at 31 March 2025 Balance at I April 2024 Incoming resourees Resources expended Transfers Unreslrieted funds General General 90,5)7 47,757 {26,544) 599 112,349 Restricted funds Employment Support Advice & Liaison Policy 4.646 73,202 214,451 (77,817) (209.975) (10:1?4) {599) 20,072 Total restricted funds 34.842 287,653 (297.916) (599) 23,980 Total funds 1?5,J79 )i5,410 (J24.460) 136,329 The specific purposes for which the fund5 are to be applied are as folloivs- Employment Support - This fund contributes toward our work supporting employment for Gypsies and Travellers in Wales. Advice & Liaison - This fund contributes toward OUT advice and liaison service. Policy Thi5 fund contribute5 to a project thai Seeks to iTnprove the quality-of-life Gypsies and Travellers living on Rover Way and living or sthying on the roadside in Cardiff. through raising the voices of Gypsies and Travellers and using research io influencing policy. The transfer from the Advice & Liaison fund to ihe Generdl fimd represents the net book value of fixed assets, the use of which is nol subject to any restriction. Page 20
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 Balanee at 31 March 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unreslricled funds General General 67,126 88,140 (64,281) {448) 90,537 Restricted Employment Support Advice & Liaison Policy Influencing Support 67,213 179,336 44,729 (62,567) (179.964) {25,688) (5.080) 4,646 180 11,155 5,080 448 Total restricted funds 16,415 291,278 (27),299) 448 Tol21 funds 83,541 )79,418 (337.580) 125,379 15 Analysi5 of net a55ets between fund5 Unrestricted 2025 Total funds General Restricted Tanaible fixed assets Current assets Current liabilities Creditors over l year 729 729 122,857 (11,237) 29,080 (5,000) (100) 151,937 (16,237) (100) Total net assets 112,)49 23,980 136,329 Unrestricted 2024 Total funds General Restricted Tangible 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 90,537 34,842 125,379 Page21
Gypsies and Travellers Wales Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 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= 2025 2024 Independent examination Other financial services 1.200 240 1,080 180 1,440 1,260 17 Taxation The charity is a registered charity and is therefore exempt from Lqxation. 18 Truslees 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 22