REGISTERED COMPANY NUMBER: 03341468 {England and Wales> REGISTERED CHARITY NUMBER: 1064450 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD Bevan Buckland LLP Chartered Accountants And Ststutory Auditors Ground Floor. Cardigan House Castle Court Swansea Enterprise park Swansea SA7 9LA THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD CONTENTS PAGE Report of the Truslees Report of the Independent Auditors 7-10 Statem8nl of Financial Activities 11 Statement of Financlal Posltlon 12 Statement of Cash Flows 13 Notes to the Flnancial Statements 14-32 Detalled Statement of Fln8ncial Activltles Appendlx THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The truslees who are also directors of the charfty for the purposes of the Companles Act 2006, presenl Ihelr report wlth the financlal statements of the charlly for Ihe year ended 31 March 2024. The truslees have adopted the provislons of Accounting and Reportlng by Charflles., Statement of Recommended Practice appllcable to charilles preparing their accounts in accordance with the FSnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effectlve 1 January 2015). REFERENCE & ADMINISTRATIVE REGISTERED COMPANY NUMBER 03341486 (England & Wales) REGISTERED CHARITY NUMBER 1064450 REGISTERED OFFICE Tg Margaret Thome 17 - 19 Alfred Street Neath SA111EF TRUSTEES B Cole A Ellis L F18et CStJ JP H James J Jenklns D Jones L Mlles C Owen BEM S Rahaman Dr E M Roberts MBE DL CStJ FRCGP M Scott L Smlth G Thomas E Tweed L WhSttaker appolnted October 2023 reslgned October 2023 resign8d January 2024 deGea8ed OGfober 2023 reslgned October 2023 reslgngd Oclob8r 2023 reslgned May 2023 SECRETARY G M Rlchards MBE DL LLD (Hon) TREASURER J FI￿n THE NEATH PORTTALBOT COUNCIL FOR VOLUNTARY SERVICE LTD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE & ADMINISTRATIVE {CONT'D) SENIOR MANAGEMENT TEAM G Richards MBE DL LLD (Hon) A Potts A Keegan Director Deputy Director Flnancel HR Manager SENIORSTATUTORY AUDITOR Alison Vlckers Institute of Chartered Accountants In England and Wal8s Bevan Buckland LLP Chartered Accountants and Statutory Audltors Ground Floor C8rdigan House Castle Court Swansea Enterprfse Park Swansea SA7 9LA BANKERS Lloyds Bank PLC 5 Wlndsor Road Neath SA111LP GOVERNING DOCUMENT The organls8tion Is a charitable company Ilmlted by guarantee, incorporaled on 2710311997 and reglstered a5 a charlty on 1810911997. The company was established under a Memorandum of Assoclation whlch established the objecls and powers of Ihe charllable company and is governed under its Articles of Assoclalion. RECRUITMENT AND APPOINTMENT OF MANAGEMENT COMMITTEE The directors of the company 8re also Charity trustees for the purpose of charlty law and under the Company's Artlcles are known as members of the Man8g8ment Committee. Under the requlrements of the Memorandum and Artlcles of Assoclatlon the members of the Management Commltte& are elected to serve for a period of three years after which they must be re-elect8d at the next Annual General Meetlng. TRUSTEE INDUCTION AND TRAINING Trustees are already familiar wlth the practlcal vnrk of the charity. New trustees attend an Inductlon session to familiarlse Ihemselv8S Wlth the charity and Ihe context within whlch it operates. An Induction Pack for Truslees is distributed which covers: The obligations of Management Commlttee members The main documents which sel out the operational fram8work for the Charity Including the Memorandum and Artic￿5 Resourcing and the current financial position as set out In the latest published accounts Future plans and objectives THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 RISK MANAGEMENT The Management Committee conducted a r8view of the major risks to which the Charity Is exposed. A risk register is in place and is updaled at each Management Committee meeting. Where appropriate, systems and procedures are established to mitigate the risks Identified. Rlsks to fundlng have led to the development of a strategic plan that allows for the diversification of funding and actlvilles, Intemal rlsks are minlmis8d through procedures for authorlsatlon of all transactions, programmes and projects. Procedures ar8 in plac8 to ensure compllance with health and safety law and saf8guarding regulations for staff, volunt8ers, service users and visitors. There is a range of procedures that the Charlty Implaments to mitigat8 idenlifled risks. ORGANISATIONAL STRUCTURE The Chairiy is managed by a Board of Trustè8s and 1 co-opted member (currently vacant), which meets bi-monthly and is responslble for the strategic direcllon and policy of the Charity. The board has a maximum of 16 Trustees elected from the CharIt￿S membership and who represent a range of backgrounds relevant to the work of the Charlty. The Director and Company Secretary also sits on the Board but has no voting rights. A scheme of delegation Is In place wilh day40-day responsibility for the provision of services resting wlth the Olrector supported by the Senior Management Team. The Director Is responslble for ensuring that th8 Charity dellvers the services specified. The senior managers have responsibility for day-to-day operational management, Individual supervision of staff, and for ensuring the team continues to develop Its skllls and working pracllces in line vlth good practlce. POLICY In 80 far a3 it 18 complementary to the Charty's objects. the Charity is guided by local, regional, and n8llonal polScy. OBJECTIVES The Charity Is govemed by Its Articles of Association and Its charitable rules. The Charlty is restrlcted to carrylng out 8clivities vAthin Its charitable objecllves. The prln¢ipal actlvltles of the Ch8rfty are to support, promote and develop the voluntary organisations, community groups and individuals in the third sector In Nealh Port Talbot. The Charlty confirms 11 has referred to Ihe guld8nce contalned in the Charity Commission Gener81 Guidance on Publlc Beneflt when revlewing the Charity's 81ms and objectives In planning future activitl85. ACHIEVEMENTS AND PERFORMANCE The main area of charitable activity is to support, promote and develop the parllclpation of voluntary organisalions, community groups and Individuals in Neath Port Talbot. Th8 Charity alms to make a real dlfferenc8 Ihrough Its delivery of public benefit across 6 key service areas: (1) Development Support The Charity helps build saf8 and reslllent communities. The Ch8rltys d8V8lopment team provides guidance and support to community-based voluntary groups and organlsations.The Charity responds to general and specialist enquiries for dev8lopm8nt support. and works with a range of voluntary groups to provlde information and assistance on govemance. finance and funding, legal matters, and volunteering. The Charity works wlth and administers some local renewable energy communlty benefll funds and other grants secured from a range of fjjnding sources. THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE {1) D8velopment Support (Conl) The Charity engaged with a wide range of established, new and emerglng community groups, helplng them to operate safely and effectively. A range of adwce. support. information and guldance was provided, Including on how to source funding, financlal planning. volunt8er and trustee roles and responsibilities, how to develop projects, and strategic planning. Exp8rienc8d trustees have been able to assist other organlsatlons and offer guidance and support where appropriate. During 2023-2024. the Charlty distributed a range of funding to local voluntary groups that helped address urgent demands arising from the cost-of- living crisls. (2) Informatlon & Advlce Informatlon and advlce Is available lo the Ch8riVs memb8rs and the wlder volutary sector in Nealh Port Talbot on local, reglonal and national Issues across the Charills media platforms and through Its voluntary 3ector forums. Advice, information and asslstance on a range of loplcs Includlng govemance and financlal matters, safeguarding. and charlty18gislalion is regulary provided. Th6 Charlty disseminales Information on a range of fundSng sources that helps support funding appllcatlon processes. Information and advlce is provlded remotely, In person, and u51ng a hybrid approach. 13) Training Prograrnmes During 2023-2024, the Charity provlded Iralnlng to SUF4)Ort the development of organlsatlons, groups and indlvlduals in the third S￿tOr on 8 range of toplcs. Remote trainlng has been dellvered lo meet specific requlrements and tailored lo organisations, needs. Thls has 5ncluded avMrenes5 ralsing of the Importance of maintaining effective governance. safeguarding, volunteering safely, and accesslng fundlng. (4) Volunteerlng Opportunities During 2023-2024, the Charity promoted volunteering 8nd raised public awareness of volunteerlng opportunllles. The Charlty supports groups to take an active role In enabling volunteerlng lo be undertaken safely and effectlvely. The Charity uses a range of promotional materials and promotes volunteerlng aclivilles through communlty events. volunteer talks, 50¢ial media. newsletters. and th8 Volunteerlng Wales website. The Charlty advocates for volunteering at a stralegic nallonal, reglonal and local level and has developed e reglonal volunteerlng str8tegy vAth West Glamorgan Reglonal Partnership. (5) Facllltating Ihe sfjctorfs involvement In Jolnt plannlng The Charity facllitates the dialogue and partnership belween the seclor itself and the sector and its Partners. 11 facililales the representation of voluntary groups to joint planning forums and is repres8nted on a range of Pgrlnershlps, ne￿orkS, and lolnt plannlng and worklng groups wlh strateglc partners. The Charity facilltales a range of third sector forums that provid8 lh8 opportunity for voluntary groups to m88t. receive and shar@ information, ideas, issues and concems. The Charlty is a key partner in the development and implementation of the Regional Carers Strategy. The Charity also facilitaled the sector's Involvement In designing the Health Board's Thlrd Sector Frarnework. {6) Provldlng practlcal services The Charity's accesslbl8 meeting and conference facilities were re-opened followng the replacement of the passenger lift. The Charily has practical equipment that is avallable for loan. A range of publlcatlons is 8vailable and signposting to digital sources on management practic8. safeguarding, personnel and legal matters. health and safety, and Trust and grant-giving information. THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The total income of £1,926,713 (2023.. £1.585,363) was spent on direct charitable expenditure lotalling £2,086,965 {2023'. £1,770.777). A deficit of £160,252 (2023: £185,414) was recorded. Th8 Statement of Financial Activltles reflects the income and expendilure InCu￿ed by Neath Port Talbot Council for Volunt8ry Service Ltd In carrying out its role In respect of ils objectives. The tot81 funds al 31 March 2024 wer8 £1,822.039 (2023.. £1,982,291), with £1.328.782 (2023.. £1.451,921) b8ing designated and unrestrlcted funds. Reslrfcted funds at the year end were £132.378 (2023.. £150,500) and restricted capital funds £360,879 {2023; £379,870). PRINCIPAL FUNDING SOURCES Th8 prlnclpal funding sources are by way of grant Income from Welsh Governm8nt, WCVA, Neath Port Talbot Councll. W8St Glamorgan Regional Partnershlp Board and Swansea Bay Univ8rsity Health Board. INVESTMENT POLICY The princlpal fundlng sources are by way of grant Income from Welsh Government, WCVA. Nealh Porl Talbot Council, West Glamorgan Regional Partnership Board and Swansea Bay Universily Health Board. RESERVES POLICY The trustees have set out the charltys res8rves policy to allow the trustees to have strong flnancial controls OV8r the organisation and meet Its legal obligations. The policy is an integral part of the charlly's slralegSc plan. 11 has been s8t to 811ow the reserves to align lo the medium term strategy set out by the Iruste8s. The poliGy also lakes into account the budgetlng and risk management process. The trustees have set out th6 flnal reserves pollcy based on the following',- Contlngency plannlng - the crillcal costs medlum term strategy plan to support the Gharllls m8dlum term objectives. Capit81 spend to match the reserves committed to funding capSlal items. A replacemenl reserve to meet unexpected and uninsured bulldlng costs The other designated funds represent planned spend whlch will be defrayed In the medlum tem The remaining unrestricted reserves are considered lo be the true free reserves held by the charlty, The truslees will review the reserves policy annually taking Into account the flnancial. strateglc, envlronmental, operatlonal and risk posllions TAXATION STATUS The charity Is exempt from corporation tax on income and galns falllng vllhin sectlon 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to Ihe extent that these are applied lo Its charitable objecls. THE NEATH PORTTALBOT COUNCIL FOR VOLUNTARY SERVICE LTD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees {who are also the directors of Th8 Neath Port Talbot Council for Voluntary Service Ltd for the purposes of company lawl are responslble for preparing the Report of the Trustees and the financlal slatemenls in accordance wlh applicable law and United lQngdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practice). including Financial Reportlng Standard 102 "The Flnanclal Reporting Slandard appllcable in the UK and Republic of Ireland" Company law requlres the trustees to prepare financial stalements for each fTnancial year ￿lch give a true and fair vlew of the state of affairs of the charitable company and of the incoming resources and application of resources, Including the income and expenditure, of the charity for the period. In preparing ihose flnancial statements, th8 truste8s should follow best practice and: select suitable accounting policies and then apply them consistently; observe the methods and principles in Ihe Charlly SORP; m8k8 judgements and estimates that are reason8ble and prudenl; and prepare the financlal statements on the going concem basls unless it Is inapproprlate to presume that the company wlll continue In busin89S. The trustees 8re responslble for keeping proper accounting records whlch dlsclose wth reasonable accuracy at any time Ihe flnancial posltlon of the charitable company and to enabl8 them to ensure that the flnancSal statements comply with the Companies Act 2006. The trustees are also responsible for safeguardlng the assets of the charltable company and hence for taking reasonable steps for the pr8ventlon and delectlon of fraud and other Irr8gularitles. In so far as the trustees a￿ aware: there Is no relevant audlt inforrnation of which the charitable companws auditors are unawar8,' and the trust88s have taken all steps that they ought to have tsken to make themselves awar8 of any relevanl audlt Informatlon and to est8bllsh that the auditors are aware of that Information. AUDITORS The auditors, Bevan Buckland LLP. will be proposed for re-appointment at the forthcomSng Annual General The financlal slalem ved by order of board of trustees 11 10. 1 on Its behalf by.. r8 and were slgned SECRETAR - G RICHARDS MBE DL LLD (Hon) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD (Co. No. 03341466) Opinion We have audited the financial statements of the Neath Port Talbol Council For Volunlary Service (Ihe 'charitable companv ') for Ihe year ended 31 March 2024 which comprise a Statement of Financial Activities, Statement of Financial Position, Stalement of Cash Flows and notes lo the financial statements, includlng a summary of significant accounting policles, The financlal reporting framework that has been applled In th8lr preparatlon is appllcable law and United Ffjngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi¢8), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financlal statements: glve a true and f8ir view of the state of the charitable coMpan￿S affairs as at 31 March 2024 and of Its incoming resources and appllcation of resources, including its Income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounllng PractSce, Including Flnancial Reporilng Standard 102 The Flnanclal Standard applicable In th8 UK and the Republic of Ireland,: and have been prepared in aGwrdanc8 wlth the requirements of the Companies Act 2006. Ba818 of opln5on We conducted our audlt In accordance viith Intematlonal Standards on Audltlng {UK> {ISAs (UK)) and applicable law, Our responsibilities under those Standards are further d&scribed in the Audllor's responsibllltles for the audit of the financl81 statements section of our report. We are Independent of the charitable company In accordance wth Ihe elhical requlrem8nls that are relevant to our audll of the financial statements in the UK, Including the FRC'S Ethlcal Standard, and we have fulfllled our other eth￿al responslbS1ilies In accordance ￿1h these requirements. We believe Ihat the audit evidence we have obtalned Is sufficient 8nd approprlate to provide 8 basls for our opinion. Concluslons rolatlng to golng concern In audlllng the financial statements, we have concluded that the trustees, use of th8 golng concern basis of accountlng in the preparatlon of the financial statements is appropriale. Based on the work we have performed, we have not Idenlified any malerfal uncertalntles relating to events or condillons that, indlvidually or collectlvely, may cast slgnificant doubt on the charitable company's abillty to continue as a golng concem for a period of at least Iw81ve months from when the flnancial statements are authorlsed for Issue. Our responslbllltles and Ihe responsibilitles of the trustees wilh respect lo going cor￿eM are descrfbed In the relevant 5ecllons of thls report. Other Informatlon The trustees are responslble for the other infomiathon. The other information comprises the Informatlon 5ncluded in the Annual Report, other than the financial stalements and our Report of the Independent Audltors Our oplnion on the financial statements does not cover the Other informalion and, except to the extent otheTwise expllcilly slated In our report. we do not express any fom of assurance conclusion Ihereon. REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD (Co. No. 03341466) In conn8clion ￿th our audit of the financial statements, our responsibillty is to read the other Informatlon and, in doing so, ¢onslder whether the other infomialion Is materially Snconsistent with the financlal statements or our knowledge oblained in the audit or otherwFse 8PP8ars to be m8terially misstated. If we Identify such materfal inconslstencies or apparent material misstatements, we are required to determlne whether there is a malerlal misstatement In the financlal statements or a material misslatemenl of the other informatlon. If, based on the work we have performed. we conclude that Iher8 is a material misstatement of thls other information, we ar8 required to Trport that f&t. We have nothing to r8POrt In this regard. Opinlon on other matters presGr5bed by the Companles Act 2006 In our opinion, based on the work undertaken during the course of the audit: the Information given In the Report of the Trustees for the financial year for which the flnancial statements are prepared is consistent with the financial statements- and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exceptlon In Ihe Ilght of the knowledge and understanding of the charitabl8 company and Ils envlronment obtalned In the course of the audit. we have not identified materlal misstatements In the Report of the Trustees. We have nothing to report in respect of the following matters ￿ere the Companles Act 2006 requires us to r8POrt to you If, In our oplnlon: adequate accounllng records have not been kept, or returns adequate for our audll have not been rece5ved from branches not wsiled by us,. or the financial statements are not in agreement wtth the accounting records and returns: or certain disclosures of trustees, remuneration specified by law are not made; or we have nol recelved all the Information and explanations we require for our audll; or the trustee's were not enlilled to take advantage of the small companies, exemption In preparlng the Report of the Trust8e8. Rèsponslbilltles of Irusteos As explalned more fully in the Ststement of Trustee's Responsiblllties, the trustees (tho are also the directors of the charllable company for the purposes of company law) 8re responsible for the pr8paratlon of the flnanclal slalements and for being satlsfied that they glve a true and falr vlew, and for such internal control as the trustees determlne is necessgry to enable the preparation of the financ5al statements that are free from mat8rial mlsstatement, whether due to fraud or error. In preparing the flnanclal statements. the trustees are responslble for assesslng the charltable company's ability lo continue as a golng concern, disclosing. as applicable. matters relating to golng concern and uslng the going concern basls of accounting unless the trustees esther intend to liquldate the charltable company or lo cease operations, or have no realSslic alternative but lo do so. Our responsibllltles for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether th8 financlal statements as a whole are free from material misslatement, whether due to fraud or error, and to ISSU8 a Report of Indep8ndent Auditors that includes our opinlon. Reasonable 8ssurance Is a high level of assurance, but Is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a malerlal misstatement when It exists. Misstatements can arise from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be expected lo influence Ihe economic decisions of users taken on the basis of these fln8ncial statements. REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE NEATH PORT TAL80T COUNCIL FOR VOLUNTARY SERVICE LTD (Co. No. 03341466) Extenl to whlch the audlt was consldered capable of detecting Irregularlties, including fraud We identify and assess Ihe risks of material misst8tement of the Financial Statements. wh8ther due to fraud or error, and then. design and perform audit procedures responsive lo those rlsks, including obtalning audit evldence that is sufficient and appropriate to provide a basis for our opinion. Identifying and assesslng potential rlsk8 related to irregularitles. In Identifyin9 and assessing risks of malerlal misstatement in respect of irregularSties. including fraud and non- compllance wllh laws and regu18tions. our procedures Included the following.. enquirlng of management. including obtaining and reviewing supporting documentatlon, concerning the charitable company's policles and procedures relating to: identifying, evalualing and complying with lay￿ and regulations arKI vthelher they were aware of any Instances of non Unreslrlcted Restrlcled NOTES 2024 2023 NON CURRENT ASSETS Prop8rty, plant & equipmen. 10 Investment property 11 23.615 120,000 143.615 360.879 384,494 120,000 504.494 405,249 120,000 525,249 360,879 CURRENT ASSETS Debtors Cash and cash 8quival8nts 12 12,987 1,319,863 1,332,850 233,091 62,318 170.773 246.078 1,257.545 1,503,623 67,715 1,516,435 1,584,150 CURRENT LIABILITIES 13 147,683 38,395 186.078 127,108 NET CURRENT ASSETS 1,185.167 132.378 1,317,545 1,457,042 TOTAL ASSETS LESS CURRENT LIABILITIES 1,328,782 493,257 1.822,039 1,982,291 NET ASSETS 1,328.782 493.257 1,822,039 1,982,291 FUNDS Unrestricled funds Reslrlcled funds 16 1,328,782 1,328.782 493,257 1,451,921 530,370 493,257 TOTAL FUNDS 1,328.782 493,257 1,822,039 1,982.291 These accounts are prepared in accord8nce with the special promslons of Part 15 of the Companies Act relatlng to small companies and constitute the annual accounts required by the Companies Act 2006 and are for clrculation to members of the company. The financlal slatements were approved by the Board of Trust8es on ....11. IC).'14-.............,...... and were signed on Its behalf by.. Dr E M Roberts MBE DL CSIJ FRCGP L Smith 12 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD STATEMENT OF CASH FLOWS AS AT 31 MARCH 2024 (Co. No. 03341466) NOTES 2024 2023 Cash flows from operatlng actlvltlos: Cash generated from operations 291,036 249.698 Net cash provlded by (used In) operatlng actlvStle8 291,036 249,698 Cash flows from Investlng actlvltles: Purchase of tangible fixed assets Interest received (24,599) 11,624 32.146 Ngt cash provlded by {usad In) Investlng activltlos 32,146 12,975.00 Change In cash and cash oquivalanls In the reportlng perlod Cash and cash equivalents at the beglnnlng of th• reportlng perSod (258.890) (262,673) 1,516,435 1,779,108 Cash and cash equlvalonts at the end of the r•portlng porlod 1,257,545 1,516435 NOTES TO THE STATEMENT OF CASH FLOWS 1 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2024 Nel incomel(expenditur81 for the reporting period (as per the slatemenl of financial activilles) (160,252) (185,414) Adjustments for: Depreciation charges Interest received Revaluation ( IncreaseyDecrease in debtors Increasel{Decrease) In creditors 20,755 {32,146) 15.177 (11.624) (178,363) 58,970 (18,679) 49,158 Net C8sh provlded by (used in) operating activitles 291,036 249,698 2 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cashflow At 31.3.24 Net cash Cash at bank 1,516,435 258,890 1.257,545 Total 1516 435 1257 545 13 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES Accounting Convention The flnancial statements of the charitable company. which is a public ben8fit entity under FRS 102, have been prepared in accordance wlh the Charities SORP {FRS 1021 'Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charltles preparing thelr accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (8ffeclive 1 January 2015),, Financial R8POrtSng Standard 102 The Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Companies Act 2006. The financial stslements have been prepared under the historical cost convention. Income All Income Is r8¢0gnlsed in the Statement of Flnanclal Activitles (SOFA) once the charity has entitlemenl to the funds.11 15 probable that the income ￿11 be received and the amount can be measured reliably. Granl income is accounted for on an accruals ba￿$ and Is shown in the financlal statem8nls when the Charity earns the uncondillonal right to the funds. Grants recelved for a speclfic purpose 8re treated as r8stricted funds. Revenu8 grants are credited dlrectly to the Stalemenl of Financial Actlvities and Capital grants are released over the life of the asset In line wth the depreciation policy. Interest on funds held on deposit is included wh8n receivable and the amount can be measured rellably by the charity; th15 Is normally upon notificatlon of the interest paid or payab18 by the Bank. Income from room hire and tralnlng Ss recognised when the hlre or training takes place, Expenditura Liabilities are recognlsed as expendilure as soon as ther8 is a le9al or constructive obligallon commlltlng the charlty lo that expendlture, It Is probable that a transfer of economlc benefits wlll be requlred in settlement and the amount of the obligation can be measured reliably. Expendilure Is accounted for on an accruals basss and h85 been classified under h8adlngs that aggregate all cost related to the category. Where Costs cannot be directly attributed to partlcul8r headlngs they h8ve been allocated to eclivilies on a basis consistent with the use of resources. Allocations of support costs Support costs are those functions thal assist the work of the charity but do not directly undertak8 charltable aclivltles. Support costs include flnance, personn81. payroll and govemance costs which support the charity's activitles. These costs have been allocated between cost of raising funds and expendlture on charltable activities. Dopreclatlon D&preciatlon of fixed assets Is calculated to wfflte off thdr cost less any residual value over thelr 8Stlmated useful lives as follows.. Freehold land & buildings Flxlures & fillings Office Equipment Computer Equlpment & Software 20k Straight Lin8 100/0 Straight Line 100/0 Straight Line 330/0 Straight LSne 14 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES (CONT'D) Capltallsation Policy Where th8 capltal expenditure is less than £5,000 the charlty. has adopted the policy to charge the SOFA the cost of the assets purchased. All iterns over £5.000 are capllalised and depr8clat8d over their useful economlc life. Investment Property Investment propertles are measured initially at cost. including transaction costs. Subsequent to Initlal recognltion, Investment prop8ty Is shown at most recent valuation. Any aggregate Surplus or deficlt arising from changes in falr value is recognised In th8 slatement of flnancial activllieslincome stalement. Investment properties are derecognlsed when elther they have be8n disposed of or when the investment property Is permanently withdrawn from use and no future economic benefit Is expecled from ils dlsposal. Penslons - Deflned Conlrlbutlon Schome Contributlons are charged to the Income and Expendlture Account as Ihey become payable in accordance with Ihe rules of the scheme. Corporation taxation The charlly is exempt from corporallon tax on Income and galns falllng vAthin sectlon 505 of the Taxes Act 1988 or sectlon 252 of the Taxatlon of Chargeable Gains Act 1992 to the extent that these are applled to ts charitable objects. Fund accountlng Unreslrlcled funds are funds which are 8vallable for use at the discretion of Ihe directors In furtherance of the general objectlves of the charity and whlch have not been designated for other purposes. Deslgnated funds are unrestricted funds earmarked by the Trustees for partlcular purposes falling In future time Restrlcled funds are funds whkh are lo be used in accordance bmth speclfic restrlctlons Imposed by donors or whlch have been raised by the charlty for particular purposes. The cost of r8lslng and admlnisterlng such funds are charged agalnst the specific fund, The aim and use of eath restricted fund is set out in the notes lo the financlal statements. Op•rating1oases Renlals paid under operating leases are charged to Ihe SOFA on a slralght Ilne basls over the perlod of the lease. Company status The charlty Is a Gompany limlled by guarantee. In the event of the charity being wound up, th81Sablllty in respect of the guarantee is limited to £1 per member of the charity. Prepafatlon of the accounts on a golng con¢em basls The Iruslees conslder that there are no material uncertaintles about the charitys abillly to contlnue as a golng concem. Debtors Trade and other deblors are recognlsed at the settlement amounl due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 15 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES (CONT'D) Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquld investments wlth a short maturity of three months or less from the date of acquisltion or openlng of the deposit or simllar account. Grants Awardedl Pald The charity 8dmlnisters a number of drfferenl grant funds on behalf of fundlng bodles, Th6se are all man8ged in accord8nce with the funders, conditions. and are awarded by fundlng panels. Credltors and provlslons Creditors and provislons are recognised where the charity has a present obllgation resulting from g past event that will probably result in the transfer of funds lo a third party and Ihe amount due to settle the obligalion can be measured or estimaled reliably. Creditors and prowslons are normally recognised at Ihelr settlement amount after allowlng for any trade dlscounts due. Deforrad Income Deferred Incom8 represents Involces ralsed in the year for grants relating io future periods. Flnanclal Instruments The charily only has financial assets and financlal Ilabllllles of a klnd that qualify as baslc flnancial inslrumenls. Baslc financial inslruments are initlally recognlsed at trans8ction value and subsequently measured al thelr settlement value. Slgnlflcant management judgemonts and key sources of astimation uncortalnty The preparation of the financial statements requlr8s management to make Judgments, estimates and 8S5umplions that affect th8 appllcatlon of pollcles and reported amounts of assets and Ilablllli8s, Income and expenses. The estimates and associated assumpllons are base(J on hislorlcal experlence and varlous other factors that are belleved to be reasonable under the clrcumstances, the results of whlch form the basis of maklng the judgments about carrying values of assets and Ilabllltl8S that are not readily apparent from other sources. Actual results In the future may dFffer from these estimates, Estimat85 and und8rlylng assumptions are revlewed on an ongoing basls. Revislons to accountlng estlmates ar8 recognised in the period In whlch the estimate is revised and in any future perlods 8ffecled, Estlmallon Uncertalnty The charlty makes estimates and assumptions concerning the future. Th6 resulting accountlng estimates will, by definltion, seldom equal the related actual results. Management conslder there lo be no estimates and 8ssumptlons that have a significant risk of causlro a material adjustment to the carrying amounts of assets and liabilities withln the next financlal year. 16 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Grants (note 18) 1,886,510 1,549,523 3 OTHER TRADING ACTIMnES 2024 2023 Trainlng Practical Servlces Rental Income Other Income 990 1,445 1,000 4,622 692 18,000 5.524 8,057 24,216 4 INVESTMENT INCOME 2024 2023 Interest receSved 32,146 11,824 5 NET INCOMEI(EXPENDITURE) Net Income is stated after chargingl{credltlng)'. 2024 2023 Depreclation - owned assets 20,755 15,177 17 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6 CHARITABLE ACTIVITIES COSTS 8asl8 of Allocation Voluntary Unil Oth•r Charltable Actlvllios Total 2024 Total 2023 Costs dlrectly allocated to actlvitles Staff Costs Dlrect 33,154 760,554 793,708 833,277 Project expenditure and Grants Awarded {note 19) Direct 900,300 900,300 726,569 Depreclatlon Dlrect 20,755 20,755 15,177 Travel expenses Direct 4.898 4,898 4,786 Admlnlstratlon expenses Direct 2.375 190,993 193,368 89,066 Support costs allocated to actlvltlas Premises Adminlstrallon expen5e8 Vo of Usage Yo of Usage 195 784 78,886 94.071 79,081 94,855 58,212 43,690 Total resourcos expended 36,508 2,050,457 2.086.965 1,770,777 18 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 7 TRUSTEES RENUMERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the y8ar ended 31 March 2023. Trustees, expenses There were no trustees, expenses for the year ended 31 March 2024 nor for the year ended 31 March 2023. 8 STAFF COSTS 2024 2023 Wages and s818rles Soclal security Costs P8nslons 673,695 54,771 65,242 793,708 703,724 67,426 82,127 833,277 The number of employees whose employee benefils (excludlng employer penslon and employers nailonal Insurance costs) exceeded £60,000 was: 2024 2023 £80,001- £90,000 £70.001- £80,000 £60.001- £70,000 Emoluments of the highest pald member of staff was £84,890. Pension costs are allocated to activllies in proportlon to th8 related stafflng costs Incurred and are charged to funds based on the hours wod(ed relating to that fund. The key management personnel of the Charity, comprise of the Trusle85 and Senior Management 188m, The total employee beneflts of the key management personnel of the Charity were £230,842 (2023.. £197,302). The average monthly number of employees during the year was as follows: 2024 2023 19 22 19 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 9 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Restrlcted Funds Funds Total Funds INCOME AND ENDOWMENTS FROM: Charitablo actlvlties 271,342 1,278,181 1,549,523 Other trading actlvlty Investment Income 24.216 11,624 24,216 11,624 Total 307,182 1,278,181 1,585,363 EXPENDITURE ON: Charitable actSvtties 184,903 1,585,874 1,770,777 Total 184,903 1.585.874 1,770,777 NET INCOMEIEXPENDITURE 122,279 (307,693) (185,414) Transfors botwoen funds Olhor recognlsod galnsl(losses): Gainsl(losses) on revaluation of Investment propety NET MOVEMENT IN FUNDS 122,279 (307.693) (185,414) RECONCILIATION OF FUNDS Total funds brought forward 1,329,642 838,063 2,187,705 TOTAL FUNDS CARRIED FORWARD 1,451,921 530.370 1,982,291 20 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 10 PROPERTh, PLANT & EQUIPMENT Freehold Land & Bulldlngs Computer Offlc Equlpment Equlpment & Software Flxtures & Fitllngs Total COST Al 1 Aprll 2023 Addillons 605,739 7.208 27.678 24,599 665,224 At 31 March 2024 605,739 7,208 27.678 24.599 665,224 DEPRECIATION At 1 April 2023 Charge for the year 225,853 12,114 4.106 525 27.678 2,538 8,116 259,975 20,755 At 31 March 2024 237,767 .631 27,678 10.654 280,730 NET BOOK VALUE At 31 March 2024 387,972 2,577 13,945 384,494 As al 31 March 2023 380,086 3.102 22,081 405.249 The 8Sg Lottery Fund holds a18gal charga over 17119, Alfred Slre8t. N￿th. thlch Is Included In Ihe freehold land and bulldlng8 cosl abové. 11 INVESTMENT PROPERTY Total FAIR VALUE At 1 Aprll 2023 And at 31 March 2024 120,000 FAIR VALUE At 31 March 2024 120,000 At 31 March 2023 120,000 The Inveslment propèty was re- valued by the Iruslees on lh8 31 March 2022. The directors belleve the current market value oflhe property Is £120.000. 21 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 DEBTORS 2024 2023 Trade and other recelvables PrepayThents and accrued income 86,004 160.074 32.325 35,390 246,078 67,715 13 CURRENT LIABILITIES 2024 2023 Trade and other payables Social securlty and other tsxation Grant Income deferred 117,206 30,477 38,395 96,844 22,607 7,657 186,078 127,108 Included in credltors Is an amount £1.952 (2023 £1,952) relaling to monies r@C8ived on behalf of SNAC, 14 MOVEMENT IN FUNDS Nèt movement In res•rves Al 01.04.23 Unrestrlcted fund8 Unrestricted fund5 Designated funds Designated Capilal funds DesSgnated capltal funds Investment property At 31,03.24 105.042 1,201,500 25,379 120,000 1,451,921 (81,375) (40,000) (1,764) 23,667 1,161,500 23,615 120,000 1,328,782 (123,139) Restrlcted funds Reslrlcled funds Restricted capllal funds 150,500 379,870 530,370 (18.122) (18.991) (37,113) 132,378 360,879 493,257 1,982.291 160.252 1,822,039 22 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14 MOVEMENT IN FUNDS (ConL) Designated Funds Represent: Crillcal costs Maintaining core activities and slaff development ICT equlpment reserve Malor Repairs 395,000 646.500 15,000 105.000 1,161,500 Designated Capltal Spend 143,615 1,305,115 Crlllcal cost8 represents contlngency planning for the crlilcal costs to support the charitls medlum t8rm objectives. The charlty has deslgnated at least four months of running costs. The other designated funds represent planned spend whlch ￿11 be defrayed In the medium term. The restricted Capital fund balance of £360,879 (2023 £379,870) represents the nel book value of the buildlngs and equipment that have been purchased through a reslricted grant. The transfer out of this reserve represents the deprgciatlon charge for the year. Th8 Designated Capital Spend fund rgfl8Cts the value of moni8s spent on lh8 tangible assets whlch have not been funded out of grant income. This balance represents a spend out of the general funds. Unrestricted funds - this fund represents Ihe gener81 unrestrlcted funds of charlty available to be spenl for any of the purposes of the charity. Transfers to and from thls fund are the balanclng enlrles for the transfers noted above withln d8slgnated and restricted funds. 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Deslgnated Funds Unrestrlct Funds Rostrlcted Capital Funds Restricted Funds Total Fund balances at 31 March 2024 are represented by: Non Current Assets Current Assets Current Liabilities 143,615 1,161,500 360,879 504,494 1,503,623 186,078 171.350 147,683 170.773 38.395 1,305,115 23.667 360,879 132,378 1.822,039 23 THE NEATH PORTTALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR TtrIE YEAR ENDED 31 MARCH 2024 16 FUNDS Transfers between lunds A8at 01-Apr-23 Incomlng resources Resources expended Asat 31-Mar•24 RESTRICTED FUNDS Welsh Government vla WCVA Youth Led Grants 6.650 <7,130) 383 WCVA Voluntary Servlces Emergency fund- Comlc Relief 3.500 (3.5CQ) 36Q European Funded Workways + NPTC Borough Councll: Shared Prosperity Fund Dlgllal Incluslon Cost of LSving Grant Lonellness & Isolallon Project Swan8ea Bay Unlv8r81ty Hfralth Board M8nlal Health Servlce User Facilitator H8allh Soclal Care aTrJ Wellbelng Facmttalor Mental Health Devek)pment Soclal Value Forum Afan Soelal Prescrlblng Our Nelghbourhood Appr08th Carers Partn8r8hlp Clllzens Panel Soclal Prescrlblng SeNice Upper Valleys Soclal Prescflblro Outreach Programme for DIv8rse Communllles Communlty Wellbelng Servlce VoSunleer Reps Prevenllon for Home Flrsl 7.575 17,5751 615,746 {610.963) 2,5C() 4,783 2.500 107,123 22.727 (107,123) (45) 22.727 45,409 19,620 43.271 26,041 13.614 39,284 142,272 47,946 (19,620> (43,2711 (26,041) (13,614) (39,284) 1142,272) {47,946} 24.522 24.522 1,885 29.533 1,685 19,923 166,400 20.212 46,600 (176.010) (20,212) (46,600) 71,136 367 4.CKiO (71,136} 1367) (4,000) 49 Pen-*Cymo•dd Supportlng CommunSlles othar Grant8 BME Associallon Ffynnon Oer Nealh Valley Ffynnon Oer Afan Valley Soci81 Enlerprlse Support Crlsls- In Thls Tog8lher Volunteer Manager Se¢ondm8nl CommunSly Coheslon Dlab8t89 Resoarch 58.598 (44,903) 13,695 6,129 18.905 41.595 74,424 16,129> (23,202) {88,190} (74.424) 14,686 53,551 10,389 6,956 24 24 13.917 800 1.700 (13,917) (800) 1,700 150,500 1,346.879 1.620,152 (1,638,274) (1,764) (40,OCKJ} 132,378 1.305,115 D&8lgnated Fund8 Unrostrlcted Funds 105.042 306.561 (427,936) 40,000 23.667 Restrl¢ted Capltal Funds 379,870 (18.991) 360,879 TOTAL FUNDS 1.982.291 2,086,965 1.926.713 L 1.822,039 24 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16 FUNDS Transfers betweon funds Asat 01-Apr-22 Incomlng ro¥ouTCO$ Résources expond•d Asat 31-Mar-23 RESTRICTED FUNDS Woltsh Govgrnment vla WCVA Youth Led Grants 8,650 16.237) 863 WCVA Voluntary SeNlce¥ Emergency fund- Com1¢ Rellel Chlld Poverty Strategy Engagement 360 73.5 (73,500) 360 {2,0001 Europèan Funded Workways 22,168 {22,1661 NPTC Boyough Councll: SHINE Dlg1181 Incluslon Communlly Renew81 Fund Lonelln8ss &1801allon Pr4e¢t Mayoral Fund Volunteer Awards 658 2,500 247,829 22.727 41,743 (42,401) 2,600 250,( 22.727 2,000 (497,8291 122,7271 12,CQOI {1,950) 22,727 Swanua B•y Unlv•rslly M••lth Board Mental He811h Servlc6 User Focllltst Bulldlng Strong Bddges Mental Health Dèvèlopment Soclal Value Forum Nealh Chjsler Neknrk Menlal HeoNh Alan SoclBI Prescrlblng Our Nelghbourhood Approath Carers Partn6rshlp Clllzen8 Panel Soclol Prescrlblng Servl¢e8 ICF Capital Granl Upper Valleys So¢lal Pre8crfblng Carers Engagement Legal Surgede6 OulTea¢h PTogr8mme for Dlver6e Communilles Admlsslon Avoldanc8 VolunleeT Repg Prevenlbn for Horne Flrst 18,885 41,607 25.039 13.614 {18,8651 {41,607} {25,039) (13,614) <9.￿0) {32.2791 (136,1081 102.000) 32.279 142,272 52,000 24,522 (8,1041 24,522 1,685 30,179 1,685 29,533 1f3J.000 (157,248) {8,8841 {20.1841 {12,924) (3,398) 20,184 15,(KKI 249 P.3251 46.6CKI (40,8￿)) 71,136 13,500 22.000 167,5881 110,0111 {21.951) {3,6481 13,489> 49 P•n-y.Cymoodd Supportlng Communliles 16,268 34.904 (51,172) othor Grants ComSc Rellef BME Assoclatlon Ffynnon Oèr Nealh Valley Ffynnon Oer Afan Valley SocS8l Enlerprlse Support Crisis - In This fogeth Volunteer Manager Secon(knent (9,5201 {6,1291 111,216) (63,950) (71,8081 6.129 16,981 37,361 74.424 8.921 80.140 14.686 53,551 {2,616} 24 24 13,500 {13,SW> 465.866 1.278.181 (1.572.007) 121,540) 160,500 De51gnated Funds 1,223.629 1,7SO 121,500 1,346,879 Unr*8trlctod Funds 106.013 307.182 (186,653) (121,500) 105.042 R6$trlcled Capltal Funds 372.198 113.867) 21,540 379,871 TOTAL FUNDS 2.167,705 1,585,363 1770 777 1.982,291 25 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17 Restrlcted Grants Welsh Government via WCVA Youth Led Grants communities. to facilitate a small grant to support young people to volunteer in their WCVA Voluntary Servlces Emergency Fund - COM￿ Relief - emergenoy voluntary s8Ctor fundlng made available by Comic Relief for use during the pandemic crlsis, Child Poverty Strategy Engagement - delivery of Iwo engagem8nt events with the third sector and community groups and indivlduals with lived experienc8 of poverty to feed into the Welsh Government Child Poverty Strategy European Funded Workways + - to provlde a staff resourc8 to fulfil the volunteering speclfic element of the European funded Workways+ project. NPT Councll Shared Prosperity Fund - the organisation secur8d £1 m over three years through the UK Government's Shared Prosperity Fund (UKSPF). An open grant scheme, the Third Sector Growth Fund, dislrlbuted grants lo support project activity allgned wlh the UKSPF Investment prlorilies: communlties and place. supporting local enterprise, along with people and skllls. This created opportunllles Ilnked to community acllvity, capacity building and empowerlng grass roots acllvity. SHINE (previously Famlly Support Project) - to provide a volunteer befri&ndlng famlly support servlce. Digitial Inclusion provision for use on dlgltal actlvities Community Renewal Fund to provlde fundlng via an open grant scheme to support various thlrd sector organisations in Nealh Port Talbol, a sector whlch has seen a signlficant reduction In income as a result of the COVID pandemlc restrictions. Cost of Llving Grant - in partnership with Nealh Porl Talbot Councll, a grant was made avallable through lh8 Third Sector Discretionary Cost of Llving Crisis Grant Scheme to support thlrd sector organls8tions whlch had experlenced increased demand for thelr service due to crlsis. Lonellness and Isolatlon - to support ￿th the development of a Nealh Port Talbot Lonellness and Isol81ion strategy. Mayoral Charlty- admlnlslratlon of The Mayoral Fund's Small Grant Scheme whlch off8red financlal asslslance lo voluntary groups and organisations that support the communltjes and population of the County Borough of Neath Port Talbot Swansea Bay Unlverslty Health Board Mental Health Service User Facilitator - to provide a mental health service user fadlilator to feed the voice of service users through planning structures. Health Soclal Care and Wellbeing Facilitator (Previously Bullding Stronger Bridge8) - to facllltate the Ilnks between Health and the thlrd sector. Mental He8llh Development - lo provide development officer support lo thlrd sector mentsl health organisations and participate in relevant partnerships. Soclal Value Forum funded by West Glamorgan Regional Partnershlp Board to support th8 development and facilitation of a regional Soclal value Forum with Swansea CVS. Afan Social Prescribing funded by the Afan Cluster to employ a member of stgff lo provlde a social prescrlbing service lo patients In the cluster. 26 THE NEATH PORTTALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17 Restrlcted Grants (cont.) Swansea Bay Universlty Health Board Our Neighbourhood Approach (previously Building Safe & Resillent Communities) - Funded by Welsh Government's Transformation Fund and administered through Ihe West Glamorgan Regional Parlnershlp Board's 'Our Neighbour Approach,, the Building Safe and Resillenl Communities is an asset based, place based approach working in th8 communilies of Briton Ferry and Melin and the Upper AmmanlSwanse8 Valley. The programme involves working wlth partners of the NPT Public SeNices 8oard and aims to bulld on the strengths of the communlty and change Ihe way publlc setvices are dellvered wlthln the communlties. Carers Partnershlp and Engagement The Regional Carers Parinership Board is mad8 up of representatiV8s from Swansea Bay Universlty Health Board. Neath Port Talbot and Swansea local aulhorllles. Carers Servicesl Centres. Counclls for Voluntary Servic8 (CVS) and the West Glamorgan Reglon81 Partnershlp. Carers, vlews shape the work of the Board. To support the engagement of carers across the region. CStlzens Panel- to cover the cost of the citizen panel, eg venue hire, refreshments and expenses Soclal Prescribing Service Ihls seNice facllitates the referral of patients with health condillons to non- clinical seNices or activities Ihat provide a person-centred approach to helplng patients with practical, social or emotlonal needs. ICF Capital Grant- a third sector Covid-19 discretionary capital grant to cover capital costs incurred by local voluntary groups and organlsatlons associated wlth Covid-19 adapted servSces. Upper Valley Soci81 Prescrlber - to facilitate the referral of patl8nts with health conditions lo non-cllnScal services or acllvilies that provlde a person-centred approach to helplng pallents with practlcal, soclal or emotional needs. Outreach Programme for Diverse Communities - The outreach programm8 is dellver8d across the Sw8ns8a Bay University Health Board region to support communlcalion and engagem8nt wlth BAME communitles. This offlcer post speclfically works In Neath Port Talbot. Worklng with partners and stakeholders, the officer will engage with BAME communilies groups and organlsatlons lo help ensure equltable access to health and wellbeing advlce and services. Community Wellbeing Service (Previously Admisslon Avoldance) - Home First - funding to support the delivery of the communlty W811being pathway to enable Individuals to remain independent In their own home and en8bllng a timely discharge from hospltal Volun18er Representatives West Glemorgan - to provide practical support such as equipment and prlnting meeting papers to enable Volunteer Represenlalives to undertake thelr volunleering with the West Glamorgan Regional PartnershSp Preventlon Home First - 8 pooled fund to support ad hoc equlpment and support requlremenls identifled through the community wellbelng pathway Pen-y-cymoedd Supporting Communlties - to V￿rk In p8rtnershlp with local Eeaders and communities to ensure the fund brings about positive and long lasting changes (in parinership with Interlink RCT). 27 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted Grants ¢¢ont.) Other Grants BME Associallon - the Service Level Agreement with CVS Is for the development 8nd provision of an administration service that will support this new Charitable Incorporated Organisalion (CIO). Fynnon Oer Neath Valley - to faciliLqte a community benefit fund from Fynnon Oer windfarm for Clyne, Resolven and Melincourt. FyTrnon Oer Afan Valley - lo facilltate a community beneflt fund from Fynnon Oer windfarm for Cymmer and Glyncorw. Social and Micro Enterprise - the organisation recelves funding through the West Glamorgan R8gional Partnership to support and develop social and micro enterprises within Nealh Port Talbot. The project builds community resources to empower individuals to access local affordable support withln th8ir communities lo keep well and manage at home. Social Enterprises and Mlcro Enterprfses offer an alternative lo slalutory or commlssioned provision, supporting the Individuals, right lo volc8, cholce and control. ensurlng the widest posslble cholce for people with their car8 and support. Crisis In Thls Together worklng Jointly with the councll, this covered the additional costs of supportlng peopl8 who experienced homelessness during the Covid-19 pandemlc Volunteer Manager Secondment - the rde of the Reglonal Volunteering Project Manager Is lo Implement a regional approach to volunteering by establlshing the principles, practicesi proc8sses 8nd key products needed for a reglonal approach. In line wilh the approach of the West Glamorgan Transformatlon Team, this Involves Working collaboratlvely with partner organisalions and other st8k8holders Including representatives of serylce users, carers and third sector organisallons. Community Coheslon Small Grant - the grant supported the de15very of 20 Chal and Chat sesslons In Nealh and Port Talbot which Included a rang8 of activities, led by beneficiarles, that had a posltive 8UStainable Impact on Indivlduals and familles withln diverse communltles. Dlabeles Research Project - the Diabetes Research Project. or CYMELL prolecl, was a coll8boratlv8 communlly-based eduction programm6 to reduce Inequalities In the uptake of diabetes scr8enlng 8mong mlnority elhlnlc people. 28 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 GRANTS RECEIVED 2024 2023 Welsh Government vla WCVA: Core Funding Youth Led Granls 197,645 6,650 185,472 6.650 204,295 192,122 WCVA Voluntary Services Emergency Fund - Comic Relief Child Poverty Strategy Engagement 3.500 73,500 2,000 3.500 75,500 Europoan Funding Workways + 7,575 22,166 7.575 22,166 NPT Councll Core Funding Shared Prosperlty Fund Cost of Llvlng Grant SHINE Communlty Renewal Fund Lonellness & Isolallon Project Mayoral Fund 50,000 615,746 107,123 47,361 41,743 250,000 22,727 2,000 22.727 795,596 363,831 Swansea Bay Unlv8rslty Health Board Core Grant Mental Health Servlce User Facllilator Bulldlng Strong Brfdges M8ntal Health Development Social Value Forum Afan Social Prescrlblng Our Neighbourhood Approach Carers Partnership Social Prescriblng Service Upper Valleys Social Prescriblng Carers Engagement Outreach Programme for Dlvers8 Comrnunllies Communlty Wellbeing Servlce Volunteer Reps Preventlon for Home Flrst 8.849 19.620 43,271 26.041 13.614 39.284 142,272 47,946 166,400 20.212 38,509 18,885 41,607 25,039 13,614 32,279 142,272 52,000 160,000 20,184 15,000 46,600 71,136 13.500 22,000 46,600 71,136 367 4,000 849,612 712.605 Pen-y-cymoedd Supportlng Communities 58,598 34,904 GRANTS CARRIED FORWARD 1.719,176 1.401.128 29 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 GRANTS RECEIVED (Cont.) 2024 2023 GRANTS CARRIED FORWARD 1,719,176 1,401,128 Other Grants BME Associatlon Ffynnon oar Neath Valley Ffynnon Oer Afan Valley Social Enterpris8 Support Volunleer Manager Secondment Community Coheslon Diabetes Research Y Bryn Wlndfarm Mynydd Fforch Dwm 6.129 18,9)5 41,695 74.424 13,917 800 1,700 4,664 5,200 8,129 16.981 37,361 74,424 13,500 167,334 148,395 1,886,510 1,549,523 19 PROJECT EXPENDITURE AND GRANTS AWARDED 2024 2023 Project expendlture and grants awarded 900,300 726,569 Included In the project 8xpenditure and grants awarded figure for 2024, are the following grants made over £5,000 In aggregation to inslitulions (no grants were made to individuals).. Cost of Livlng Grant Calan DVS FAN Communlty Alllance NPT Mlnd Age Connects Ltd VIEW (Glynneath> Ltd- Glynneath Tra5nlng Cenlre Adferlad CISS (Cancer Infonnatlon Support Ser41ces) YMCA Neath Resolven Bullding Blocks Canolfan M88rdy VIEW (DOVE) Ltd DOVE workshop Cymer Afan Community Library Thrlve Women's Aid Neuadd Cwmllynfell Hall 7,563 8,868 9,974 5,336 6,308 8,460 5,000 7,000 8,800 7,141 6,311 6,189 8,932 4,411 Ffynnon Oer Afan Afan Valley Community Lelsure Cymmer Afan Community Llbrary Afan Community Fitness LW Community Services Cymer Bowls Club Afan Fitness Community Suite Gilgal Community Organisation - Emergency Cost of Livlng Project Cymmer Afan Primary School CymmerAfan Community Library 4,703 6,019 5,436 5,000 5.000 3.756 5.000 6,995 3,265 30 THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19 GRANTS AWARDED (conl.) Ffynnon Oer Afan (cont.) Friends of Croeser¥V Afan Valley Community Lelsure 7,714 5,000 Ffynnon Oer Neath Clyne & Melincourt Communily Coundl Resolven Community Council Clyne and M81incourt Community Council 5,000 5,000 5,000 Sharèd Prosperlty Fund Afan Arts FAN Communlly Alllance Organised Kaos Bulldogs BCA Mess up the Mes$ Vlew {Dove) Ltd Nealh Boys and Glrls Club NPT Shopmobility Afan Community Fllness Trgf81in Boys and Glrls Club Gwynfi Miners Community Hall Raspberry Creatives Communlty Events CIC Enfys Foundation Ltd Dementia Frlendly Swansea NPT Mind Calon Y Cymoedd Cymmer Afan Community Llbrary Neath Community Tennls Courts Ltd Shared Prosperity Fund - DRIVE Awel Aman Tawe Afan Valley Communlly Leisur8 Glynn8alh Tralnlng Centre (Wiew Ltd) Wesl Wales Rlvers Trust PTAW A Enterprlses Ltd TIA Thrive Women's Akl Margam Youth Actlvities Lelsure Centre Neuadd Cwmllynfell H811 17,730 22,822 45,000 25.000 34,744 28,470 18,260 12,500 21,000 10,186 15,723 10,000 12,500 32,108 14,469 24.882 15,000 31,522 14,975 65,000 28,110 10,000 11.535 25,000 6,250 19,220 Soclal Prescrlbing Servic• Swansea CVS 104.000 Youth Led Grants Thrive Wornen's Aid Bulldogs BCA Youth Club 475 1.000 31 ## **THE NEATH PORT TALBOT COUNCIL FOR VOLUNTARY SERVICE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **20 COMMITMENTS UNDER OPERATING LEASES** Minimum lease payments falling due as follows: |Within one year
Between one and five years|**2024**
**£**
3,092
3,092|**2023**
**£**
2,689
5,377| |---|---|---| ## **21 RELATED PARTY DISCLOSURES** During the financial year the charity paid grants of £128,214 to organisations who have common trustees. These transactions were conducted in accordance with the charity's conflict of interest policy, and the affected trustees did not participate in the decision-making process related to these transactions. ## **22 CAPITAL COMMITMENTS** |Contracted but not provided for in the|**2024**
**2023**
**£**
**£**| |---|---| |financial statements|-
45,945| 32