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2024-03-30-accounts

REGISTERED COMPANY NUMBER: 02957667 (England and Wales) REGISTERED CHARITY NUMBER: 1040818

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

DAVID WRIGHT ACCOUNTANTS LIMITED Unit 10 Bridgend Business Park Bennett Street Bridgend Glamorgan CF31 3SH

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 25
Detailed Statement of Financial Activities 26 to 27

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 2024. The trustees have adopted the provisions of 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).

For the purpose of this report the organisation is also referred to by its trading name of 'Y Bont'.

OBJECTIVES AND ACTIVITIES

Objectives and aims

According to Bridgend and District Resource for Children with Disabilities' Memorandum of Association, the organisation's objectives shall be:

Y Bont aims to provide specialist care and support to families with children with a disability by: Constantly monitoring and evaluating services we provide and identify how they can be improved; Reinforcing our links with relevant agencies and organisations;

Working towards making our financial situation stronger to ensure Y Bont's longer term existence; Developing our marketing strategy; making the organisation and its philosophy as widely know as possible;

Developing our staff with a view to benefitting and developing ourselves individually, and as a result benefitting the organisation;

Developing our volunteer structure; ensuring the best possible support and assistance for our staff and their families

Public benefit

We have referred to the guidance contained in the Charity Commissions' general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Page 1

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE

Main Activites for the Year

The primary beneficiaries for our charity continue to be children with disabilities, neurodiversities, complex medical conditions and/or additional need aged 0-12 years and their families.

Y Bont is currently registered to support 24 disabled children at any one time (aged 0-12) with the Care Inspector of Wales (CIW). The number of referrals from practitioners and self-referral by parents/carers has remained consistently high resulting in a rising number of disabled children requesting child-care sessions with a total 128 children and families accessing the Y Bont nursery in the year.

Y Bont runs 3 main services;

We have responded to increasing pressures from a rising demand from our services by reviewing and refining the way we work to achieve the best outcomes for the children and their families. We have increased our maximum number from 18 to 24. The passion and dedication of our team has been key in all that we have achieved this year and shows just how much Y Bont cares about making a difference.

Our focus remains on providing a high quality learning and play environment which supports the children's individual needs. The support is tailored to respond to each individual child and families needs, from specialised day care, to a tailored Holiday club and respite for parents and carers. During the year we have engaged with more than 170 children and families across a range of services, helping them to increase their confidence and self esteem whilst helping them to reach their full potential.

During the financial year, 65% of our income came from a range of fundraising activities, trusts, grants and donations. Children supported by our service have complex needs due to disabilities or illness with many requiring intensive support and one-to-one care provision.

In September 2023, for the ninth academic year, we supported the local authority education directorate by providing day care placements for 14 children that could not be offered a suitable school place to capacity and placement issues. Y Bont advocate on behalf of the families to ensure that children received an education package consistent with their peers at school. Through this agreement with the local authority we are able to provide an appropriate environment for the children to learn and play, in preparation for further learning. This supports personal development and ensures that children are not left behind without the early intervention and level of individual attention needed at this key stage of their development.

Staff and organisation

The key management personnel have changed throughout the year. The first half of the year the structure was;

And from October 2023 was;

Page 2

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

A wide and varied range of staff training and development was undertaken by all staff to comply with minimum standard, maintain continuing professional development and fulfil Y Bont's commitment to retain a highly skilled and competent workforce.

Some of the training was provided by Wales PPA, Children in Wales, National Day Nursery Association, St Johns Ambulance, ILM, AMBU, BCBC Childcare Team, Foundation Phase Team & Flying Start, Community nursing and pediatric teams, physiotherapists, Occupational Therapists alongside other medical professionals.

Partnership Working

At Y Bont we believe that in order to truly meet the needs of the children and families we support it is crucial that we continue to collaborate effectively with key stakeholders at a local, regional and national level. This includes a regular representation at operational and strategic partnership meetings: ASD Strategy Forum; Bridgend Equalities Forum; Flying Start Professionals Group; Regional/Local Health Social Care and Well-Being Groups; Third Sector Strategic Group, and NHS community and pediatric teams across Bridgend County.

Y Bont continues to support families in a range of ways through our purpose-built facilities, offering information, practical social and emotional support.

Effective, robust, multi-agency working is fundamental element of Y Bont's successful delivery model, we work closely with practitioners from Health, Education, Flying Start, Social Services and the voluntary sector to ensure that beneficiaries are given the best service. Y Bont acts as a multi-agency hub and is used by the wider community for meetings with families, and workshops are delivered to help families understand and meet their child's needs, such as toileting and sleep clinic.

Organisations that we work closely with operationally include Bridgend Carers Centre, Bridgend College, Heronsbridge School, Local observation classes, The Local Authority Early Years and ALN team and Educational Psychologists.

Corporate Sponsors

We are very fortunate to have continued to receive a high level of support from many community and corporate partners.These sponsors provide support through many different means including donations, supply of free goods or services, use of facilities or just promoting the charity generally. These sponsors including, Asda Bridgend, Barclays Bank, Bridge FM, CJCH, Cowbridge & Bridgend Rotary Club, KJ Herbert, Lions Club, Royal Educare, Sainsburys, Sian Thomas, Daughter & Son Solicitors, South Wales Police, Tesco, Tondu Rugby Club, Tondu Wheelers, local schools and many more.

Page 3

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Student Placements

In addition to disabled children and their families, Y Bont's beneficiaries include the volunteers, students and work experience school pupils. Y Bont has previously helped equip local people, comprising individuals from across the Bridgend County Borough including those from the most deprived communities, to progress with career and educational attainments. We have many students come to work with us from universities and colleges across south wales and we welcome them with open arms.

Events and Trips

Some of this years programmed activities included the following:

Visitors are always welcome at Y Bont and we often receive visits from Capital radio, Bridge FM, and many others during the course of the year.

Y Bont continues to support events organised by BAVO, Bridgend Carer's Centre and Bridgend College to promote our organisation and attract volunteers and supporters. We also held a number of fundraising activities within Y Bont to support other charities including Children In Need and Red Nose Day for Comic Relief.

FINANCIAL REVIEW

Financial position

The charity made a deficit of £119,789 for the period compared to the period of £43,298 deficit.. During the year the charity's incoming resources decreased from £401,463 to £297,258.

Grant income overall at £131,098 has reduced on the prior year of £252,330. At the year end the funds of the charity were £254,878 compared to the prior year of £374,667 including £94,311 of unrestricted cash ( 2023: £127,090).

Reserves policy

It is the policy of Y Bont to retain an amount equivalent to 4 weeks' operational expenditure in unrestricted reserves this is looking to be increased to 8 weeks over the course of the financial year.. The total net current assets under unrestricted reserves at the year end amounted to £32,049 an amount equivalent to 4 weeks' operational expenditure at the current level of annual expenditure of £417,047 . The trustees consider this is an acceptable figure but will continue to review both the policy and actual results on a regular basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Page 4

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law. The trustees seek to ensure that the needs of the charity are appropriately reflected through the diversity of its Board. Trustees are recruited via advertising and are interviewed by existing trustees under the charity's recruitment procedures.

Organisational structure

The charity is administered by the Board of Trustees, who meet on a bi-monthly basis. The Memorandum and Articles of Association are the governing documents of the charity. The day to day operations of the charity are delegated to the charity CEO.

Induction and training of new trustees

New trustees will receive an induction pack, a handbook with all the policies and procedures adopted by the Board and an induction.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02957667 (England and Wales)

Registered Charity number

1040818

Registered office

Y Bont Ewenny Road Bridgend Mid Glamorgan CF31 3HT

Trustees

B Roderick S Stephen A J Minton J Manley

Independent Examiner

Stephen Anthony Griffiths FCCA DAVID WRIGHT ACCOUNTANTS LIMITED Unit 10 Bridgend Business Park Bennett Street Bridgend Glamorgan CF31 3SH

CEO

S Jones

Approved by order of the board of trustees on 3 December 2024 and signed on its behalf by:

Page 5

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

B Roderick - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

Independent examiner's report to the trustees of Bridgend And District Resource For Children With Disabilities ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities 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 requirements 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 carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair 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 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 examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Anthony Griffiths FCCA The Association of Chartered Certified Accountants

DAVID WRIGHT ACCOUNTANTS LIMITED Unit 10 Bridgend Business Park Bennett Street Bridgend Glamorgan CF31 3SH

3 December 2024

Page 7

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
55,528
Charitable activities
Fees
104,923
Fundraising
3,814
Grants
30,822
Other trading activities
2
475
Investment income
3
1,596
Total
197,158
EXPENDITURE ON
Raising funds
-
Charitable activities
4
Grants
-
Core running costs
301,608
Total
301,608
NET INCOME/(EXPENDITURE)
(104,450)
RECONCILIATION OF FUNDS
Total funds brought forward
276,198
TOTAL FUNDS CARRIED FORWARD
171,748		 Year Ended
31/3/24
Restricted
Total
funds
funds
£
£
-
55,528
-
104,923
-
3,814
100,100
130,922
-
475
-
1,596
100,100
297,258
-
-
1
1
115,438
417,046
115,439
417,047
(15,339)
(119,789)
98,469
374,667
83,130
254,878		 Period
31/3/22
to
31/3/23
Total
funds
£
24,613
114,172
17,767
243,927
662
322
401,463
1,800
-
442,961
444,761
(43,298)
417,965
374,667

The notes form part of these financial statements

Page 8

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

BALANCE SHEET 31 MARCH 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
139,698
CURRENT ASSETS
Debtors
11
25,172
Cash at bank and in hand
94,311
119,483
CREDITORS
Amounts falling due within one year
12
(87,434)
NET CURRENT ASSETS
32,049
TOTAL ASSETS LESS CURRENT
LIABILITIES
171,747
NET ASSETS
171,747
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
10,116
-
82,110
82,110
(9,095)
73,015
83,131
83,131		 31/3/24
Total
funds
£
149,814
25,172
176,421
201,593
(96,529)
105,064
254,878
254,878
171,747
83,131
254,878		 31/3/23
Total
funds
£
172,463
34,102
228,951
263,053
(60,849)
202,204
374,667
374,667
276,198
98,469
374,667

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

BALANCE SHEET - continued

31 MARCH 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 3 December 2024 and were signed on its behalf by:

B Roderick - Trustee

The notes form part of these financial statements

Page 10

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

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 financial statements have been prepared under the historical cost convention.

Although the charity has received indications that some local government grants will not be renewed in coming financial years, the charity has sufficient financial resources available for the foreseeable future. Accordingly the accounts are prepared on a going concern basis.

The key accounting estimates used in the preparation of the accounts are:

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and legacies are recognised at the point of receipt.

Income from fees, fundraising and trading activities consists of income received in exchange for the supply of goods and services in order to raise funds and is recognised when entitlement has occurred.

Revenue grants credited to unrestricted funds are to be used as the discretion of the directors and trustees in furtherance of the objectives of the charity. Revenue grants credited to restricted funds are to be used for specific purposes as laid down by the donor.

Government grants, such as some local authority grants, for the general support of the charity are credited to income as entitlement occurs. Government grants, such as furlough grants, to compensate for specific costs incurred are credited to income to match costs charged in the same period.

Investment income includes interest received which is recognised on receipt.

No amount is included in the financial statements for volunteer time in line with the SORP.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity 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.

Support costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include governance costs consisting of accountancy, legal and professional fees. They are incurred directly in support of expenditure on the objects of the charity.

.

continued...

Page 11

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

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.

Improvements to property - 20% on cost Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

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

Leasing

Rentals payable under operating leases are included within expenditure over the lease term.

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 less than one year.

Financial instruments

The charity 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

continued...

Page 12

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2. OTHER TRADING ACTIVITIES

Year Ended
31/3/24
£
Room hire
475
3.
INVESTMENT INCOME
Year Ended
31/3/24
£
Deposit account interest
1,596
4.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 5)
£
£
Grants
1
-
Core running costs
334,689
82,357
334,690
82,357
Support costs
Direct costs £
& ( see note 6 )
Core running costs		 Year Ended
31/3/24
£
475
Year Ended
31/3/24
£
1,596
Support
Direct
costs (see
Costs
note 5)
£
£
1
-
334,689
82,357
334,690
82,357		 Period
31/3/22
to
31/3/23
£
662
Period
31/3/22
to
31/3/23
£
322
Totals
£
1
417,046
417,047
Totals

continued...

Page 13

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

5. SUPPORT COSTS

Management
£
Core running costs
73,975
Support costs, included in the above, are as follows:
Wages
Social security
Pensions
Bank charges
Accountancy fees
Legal fees
Payroll fees
Recruitment costs
6.
NET INCOME/(EXPENDITURE)		 Governance
Finance
costs
Totals
£
£
£
344
8,038
82,357
Period
31/3/22
Year Ended
to
31/3/24
31/3/23
Core
running
Total
costs
activities
£
£
67,015
74,793
6,484
7,170
476
484
344
227
4,086
3,872
-
13
2,160
2,584
1,792
1,409
82,357
90,552

Net income/(expenditure) is stated after charging/(crediting):

Period
31/3/22
Year Ended to
31/3/24 31/3/23
£ £
Depreciation - owned assets 24,445 33,296
Independent Examination Fee ( including VAT) 3,780 3,300
Independent Examiner other services ( including VAT) 2,466 2,584
Operating lease rentals 996 1,030
Local government support grants (21,737) (65,532)

Local government grants consist of various grants from local authorities and the Welsh government to support both the general running of the charity and specific projects as summarised in note 15.

continued...

Page 14

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Related Party Transactions

During the year the charity hired facilities at STEER Academy, a company owned and managed by a relative of the Operations manager. No charges were received in the period for this service.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.

8. STAFF

The key management personnel of the charity comprise of the trustees, Operations Manager, Business & Finance Manager, Childcare & Learning Co-ordinator and the Children's Outreach Worker. The total employee benefits (including salary, employers national insurance, pension and benefits in kind) of the key management personnel of the charity were £73,975 (2023: £82,447).

Total staff costs,comprise:

2023£ 2023£
Gross wages and salaries 296,813 302,892
Employer's National Insurance 15,392 16,486
Employer's pension contributions 9,307 16,772
Total 321,512 336,150

The average number of employees during the year was 19 (2023: 24).

No individual earned more than £60,000 in the period (2023 : none).

9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
24,611
Charitable activities
Fees
114,172
Fundraising
17,767
Grants
65,532
Other trading activities
662
Investment income
322
Total
223,066		 Restricted
funds
£
2
-
-
178,395
-
-
178,397		 Total
funds
£
24,613
114,172
17,767
243,927
662
322
401,463

Page 15

continued...

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
EXPENDITURE ON
Raising funds
1,800
-
Charitable activities
Core running costs
240,418
202,543
Total
242,218
202,543
NET INCOME/(EXPENDITURE)
(19,152)
(24,146)
RECONCILIATION OF FUNDS
Total funds brought forward
295,349
122,616
TOTAL FUNDS CARRIED FORWARD
276,197
98,470
10.
TANGIBLE FIXED ASSETS
Improvements
Long
to
leasehold
property
£
£
COST
At 1 April 2023
170,000
97,742
Additions
-
-
At 31 March 2024
170,000
97,742
DEPRECIATION
At 1 April 2023
43,500
67,513
Charge for year
1,700
12,689
At 31 March 2024
45,200
80,202
NET BOOK VALUE
At 31 March 2024
124,800
17,540
At 31 March 2023
126,500
30,229		 Total
funds
£
1,800
442,961
444,761
(43,298)
417,965
374,667
Plant and
machinery
£
22,551
-
22,551
18,589
2,931
21,520
1,031
3,962

Page 16

continued...

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

10.
TANGIBLE FIXED ASSETS - continued
COST
At 1 April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
Prepayments		 Fixtures
and
fittings
£
39,073
-
39,073
29,843
5,322
35,165
3,908
9,230		 Computer
equipment
£
26,202
1,796
27,998
23,660
1,803
25,463
2,535
2,542
31/3/24
£
25,172
-
-
25,172		 Totals
£
355,568
1,796		 Totals
£
355,568
1,796
357,364
183,105
24,445
207,550
149,814
172,463
31/3/23
£
22,688
9,081
2,333
34,102
34,102

continued...

Page 17

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/24 31/3/23
£ £
Bank loans and overdrafts (see note 13) 60,990 -
Trade creditors 574 510
Social security and other taxes 126 4,344
Other creditors 31,539 51,099
Accruals and deferred income 3,300 4,896
96,529 60,849

Included within other creditors is an amount of £18,405 (2023: 18,405 ) relating to monies received for grants where potential overclaims have been made

13. LOANS

14. LEASING AGREEMENTS

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

31/3/24 31/3/23
£ £
Within one year 907 907
Between one and five years 671 1,578
1,578 2,485

Lease payments recognised as an expense during the year were £996 (2023: £1,030).

continued...

Page 18

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Back Garden Fund
BAVO Respite
Welsh Government Childcare Capital
Community Foundation Wales
Playroom Cap
Western Bay
Welsh Church Act
BCBC General
TOTAL FUNDS		 At 1/4/23
£
276,198
7,474
249
5,407
432
8,459
182
3,252
73,014
98,469
374,667		 Net
movement
in funds
£
(104,451)
(5,901)
(130)
(2,001)
(273)
(6,851)
(182)
-
-
(15,338)
(119,789)		 At
31/3/24
£
171,747
1,573
119
3,406
159
1,608
-
3,252
73,014
83,131
254,878

continued...

Page 19

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
BAVO Respite
BCBC Garden and Role Play
BCBC Enabling
BCBC Block Play
BCBC Reflection and Prep
BCBC Summer of Fun
BCBC Supporting and Learning
BCBC Trips
Restricted funds
Big Lottery
Back Garden Fund
BAVO Respite
Children in Need
Welsh Government Childcare Capital
Community Foundation Wales
Playroom Cap
Western Bay
CWM Taff
TOTAL FUNDS		 Incoming
resources
£
166,337
9,085
7,305
2,234
154
300
1,830
9,413
500
197,158
90,752
1
-
7,925
-
-
-
-
1,422
100,100
297,258		 Resources
Movement
expended
in funds
£
£
(270,788)
(104,451)
(9,085)
-
(7,305)
-
(2,234)
-
(154)
-
(300)
-
(1,830)
-
(9,413)
-
(500)
-
(301,609)
(104,451)
(90,752)
-
(5,902)
(5,901)
(130)
(130)
(7,925)
-
(2,001)
(2,001)
(273)
(273)
(6,851)
(6,851)
(182)
(182)
(1,422)
-
(115,438)
(15,338)
(417,047)
(119,789)

continued...

Page 20

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Big Lottery
Back Garden Fund
BAVO Healthy Minds
BAVO Respite
Welsh Government Childcare Capital
Community Foundation Wales
Playroom Cap
ICF Large Grant
Western Bay
CAF Tourle
Coalfields Regeneration
BCBC Development
ICF Small Grant
BCBC Develop Children's Wellbeing
BCBC General
BCBC Non Verbal
National Lottery Awards For All
TOTAL FUNDS		 At
31/3/22
£
295,349
1
20,236
359
-
9,523
705
16,471
670
493
69
59
303
119
24
73,594
10
(20)
122,616
417,965		 Net
movement
in funds
£
(19,151)
(1)
(12,761)
-
(130)
(2,000)
(273)
(5,070)
(670)
-
(70)
(60)
(3,036)
(60)
(24)
(2)
(10)
20
(24,147)
(43,298)		 At
31/3/23
£
276,198
-
7,475
359
(130)
7,523
432
11,401
-
493
(1)
(1)
(2,733)
59
-
73,592
-
-
98,469
374,667

continued...

Page 21

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
BAVO Respite
BCBC Development
BCBC Develop Children's Wellbeing
BCBC Garden and Role Play
BCBC General
BCBC Non Verbal Grant
BCBC Outside Engagement
BCBC Plan and Prep
BCBC Speech and Language
BCBC Training
Restricted funds
Big Lottery
Back Garden Fund
BAVO Respite
Children in Need
Welsh Government Childcare Capital
Community Foundation Wales
Playroom Cap
ICF Large Grant
CAF Tourle
Coalfields Regeneration
BCBC Development
ICF Small Grant
BCBC Develop Children's Wellbeing
BCBC General
BCBC Non Verbal
CWM Taff
National Lottery Awards For All
SJP Foundation
TOTAL FUNDS		 Incoming
resources
£
193,860
3,474
4,300
2,000
323
12,193
350
2,500
750
750
2,566
223,066
105,470
-
-
39,832
-
-
-
-
-
-
-
-
-
-
-
18,139
4,956
10,000
178,397
401,463		 Resources
Movement
expended
in funds
£
£
(213,011)
(19,151)
(3,474)
-
(4,300)
-
(2,000)
-
(323)
-
(12,193)
-
(350)
-
(2,500)
-
(750)
-
(750)
-
(2,566)
-
(242,217)
(19,151)
(105,471)
(1)
(12,761)
(12,761)
(130)
(130)
(39,832)
-
(2,000)
(2,000)
(273)
(273)
(5,070)
(5,070)
(670)
(670)
(70)
(70)
(60)
(60)
(3,036)
(3,036)
(60)
(60)
(24)
(24)
(2)
(2)
(10)
(10)
(18,139)
-
(4,936)
20
(10,000)
-
(202,544)
(24,147)
(444,761)
(43,298)

The purposes of the restricted funds listed above are as follows:

continued...

Page 22

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS - continued

Big Lottery - This fund is used the for the family fun zone project which provides after school, Saturday club and holiday club services to children aged 4-11. A balance on this reserve has been built up partly arising from the project del ays due to Covid,

Children in Need - This fund supports children outreach worker post.

BAVO Carers Respite Fund - to provide funding to develop and pilot new approaches, in addition to existing provisions, to provide su pport for unpaid carers

BCBC Enabling Programme - to provide additional resources such as books, toys or IT equipment for children to enhance the overall lea rning environment.

BCBC Garden and Role Play- A grant to develop the garden and role play area.

BCBC Plan and Prep Grant- A grant for planning and Preparation for Education Children, PPA Time

Cwm Taff Grant- A grant to support training of parent with children with no diagnosis, provide stay and play sessions and family sessions and providing support groups and workshops.

BCBC Block Play - A grant to support children in a form of play

BCBC Reflection and Preparation - A grant to support employees with planning activities and reflecting on completed ones

BCBC Summer of Fun- A grant to purchase items and take children out who are attending the setting during the school holidays

BCBC Trips -A grant to contribute towards taking the children out on trips to benefit them

BCBC Snack time - A grant to contribute towards planning and supplying healthy snacks

BCBC Mark Making - A grant to support crafts and artwork

BCBC Pedagory - A grant to purchase items or design activities and exercises to support learning

BCBC Supporting and Learning - A grant to support the setting to develop the children through learning

Prior year funds:

Back Garden Fund - Donations from Freudenburg and Prescot Jones to contribute towards the refurbishment/equipment of our Garden. The reserves will, in the main, offset future deprecation charges arsing on the relevant fixed assets

Playroom Capital - ICF grants to fund new nursery furniture and equipment. The reserves will, in the main, offset future deprecatio n charges arising on the relevant fixed assets.

continued...

Page 23

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

15. MOVEMENT IN FUNDS - continued

ICF Large & Small grants - Grants to fund nursery activities and associated capital equipment and to contribute towards the salary of our Childcare and Learning Co-ordinator post short term, and to enable Y-Bont to hold support group.

Welsh Church Act - A one off grant to fund investment in a new server and computer equipment for office staff at Y-B ont.

Western Bay - A grant to cover the salary of Childcare and Learning Coordinator post and associated support group costs, including furniture.

CAF Tourle - A grant to cover the salary of the fundraising and marketing officer, training costs and IT equipment.

BCBC Combined Grants - various grants for work such as assisting on education facilities

BCBC Early Years - support for early years learning facilities

Development BCBC - A grant to support marketing and children's activities in general

SJP Foundation - A grant used towards PPE and support a nursery nurse.

BCBC Develop Children's Wellbeing - A grant to support children's wellbeing

BCBC Non Verbal Grant- A grant for staff training in communication, sign language, pecks training and communicating with non verbal children

BCBC Speech and Language- A grant to develop speech and language.

BCBC Team Training- A grant to support training of staff

National Lottery Awards for All- A grant to support people and help people to reach their potential by supporting them at the earliest possible sta ges.

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024, nor any for the year ended 31 March 2023 other than those disclosed in the notes regarding Trustees remuneration and expenses and other related activities

continued...

Page 24

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

17. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a group personal pension plan for its employees. The amount recognised as an expense in the period was £9,307 (2023: £16,772).

18. COMPANY LIMITED BY GUARANTEE

The company is a private company limited by guarantee. In the event of the charity being wound up, the members are liable for payment of the debts and liabilities of the charity and of the costs, charges and expenses of winding up. Each member is liable for such amounts as may be required not exceeding £5.

Page 25

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Period
31/3/22
Year Ended to
31/3/24 31/3/23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 54,192 16,074
Support Pen-Y-Bont 1,336 8,539
55,528 24,613
Other trading activities
Room hire 475 662
Investment income
Deposit account interest 1,596 322
Charitable activities
Fee income 104,747 105,769
Fundraising 3,814 17,767
Grants 131,098 252,330
239,659 375,866
Total incoming resources 297,258 401,463
EXPENDITURE
Raising donations and legacies
Fundraising expenses - 1,800
Charitable activities
Wages 229,798 235,238
Social security 8,908 9,316
Pensions 8,831 9,149
Insurance 3,630 3,967
Telephone 3,071 6,261
Postage and stationery 3,173 3,198
Advertising - 92
Sundries 1,854 7,663
Carried forward 259,265 274,884

This page does not form part of the statutory financial statements

Page 26

BRIDGEND AND DISTRICT RESOURCE FOR CHILDREN WITH DISABILITIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Period
31/3/22
Year Ended to
31/3/24 31/3/23
£ £
Charitable activities
Brought forward 259,265 274,884
Repairs and maintenance 14,086 948
Cleaning and refreshments 9,220 8,282
Trips, travel and similar 10,870 11,228
Fun Zone children's activities - 4,217
Subscriptions 6,518 8,605
Staff training 3,664 5,996
Computer expenses 5,168 4,078
Uniform costs 1,453 875
Long leasehold 1,700 1,700
Improvements to property 12,689 19,548
Plant and machinery 2,932 3,838
Fixtures and fittings 5,321 6,327
Computer equipment 1,804 1,883
334,690 352,409
Support costs
Management
Wages 67,015 74,793
Social security 6,484 7,170
Pensions 476 484
73,975 82,447
Finance
Bank charges 344 227
Governance costs
Accountancy fees 4,086 3,872
Legal fees - 13
Payroll fees 2,160 2,584
Recruitment costs 1,792 1,409
8,038 7,878
Total resources expended 417,047 444,761
Net expenditure (119,789) (43,298)

This page does not form part of the statutory financial statements

Page 27