Charity registration number 1071424 Company registration number 02591631 (England and Walos) CARTREF NI LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 22 MARCH 2025 AEDTKOMO 2411012025 COMPANIES HOUSE A23
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CARTREF NI LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs P 8ochenski Mrs A Brebner Mr M Robert$ Mrs J Brown Mr G Coates Mrs V Hawker Miss S Ridin9S (Appointed 24 January 20251 Secretary MTS A Brebner Charlty number 1071424 Company nurnbor 02591631 Princlpal address and reglstered offic• Goleufan 27 Chester Street Sl Asaph Denbighshire LL17 ORE Auditor Harold Smith Accountants Unil 32, Llys Edmund Prys Sl Asaph Business Park Sl Asaph LL17 OJA Bankers National Weslminsler Bank Pl¢ 48-50 High Street Mold Flintshire CH7 18A
CARTREF NI LTD CONTENTS Page Trustees, report Statement of trustees, responsibilitiès 13 Independent auditorfs report 14-15 Statement of flnancial aclivllies 16 Balance sheet 17-18 Statement of cash flows 19 Notes to the financial slalements 20-30
CARTREF NI LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 22 MARCH 2025 The trustees present their annual report and financial statements for the year ended 22 March 2025. The financial slalemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Igoverning documenti, the Companies Act 2006 and "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). Objectives and activities Cartref Ni conllnues lo pursue ils main objective lo provlde superior, Irus18d, person cenlered support lo vulnerable adults living in their own homes. For 2024125 the following remained as its vision and purpose. Cartref Ni's vision is for adults with disabilities to live the life they choose, achieving the OLJtcomes that matter to Ihem and be as independent as possible. Cartref Ni's purpose 1$ lo provide the highest quality, persc)n Cenlered support to adults with disabilities lo live the life they choose, achieving the outcomes that maller lo them and be as independent as possible. ensuring ihey are supported with dignity and respe¢l al all times. Cartref Ni's Strategic priorities are lo ensura.. Continual Improvement In the quality of th8 seNi¢e It delivers. That we provide support to people by people that know Ihem. Investment in the training and development of its slaff. Employment of staff who are committed lo its core values. Continued financial viabllity. People we support feel safe, happy and fulfilled. Staff feel included, valued and supported. Famllies trust us to provide a firsl-class setvice. All stakeholders hold us in high esteem.
CARTREF NI LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Public Benefit The trustees confirm that Iligy have had regard to the Charity Commission's guidance on Ihe public benefit requirement under the Chanties Act 2011. Our activities Ihis year once agaln focused on contlnuing to develop the health, wellbeing and social opportunities of the people we support. We continued lo operate and develop the range of social events which we offer to all of the people we support which included coffee mornings. craft sessions. competitions, a summer barbeque and Christmas party- Thes8 were greatly enjoyed by th8 people attending and Ihey are not only enjoyed and benefited from thè actual aclivilies, but also from the opportunity lo socialise and communicate with a wider group of people. Added benefil from the social events can be seen and heard from the staff teams who find them a useful lorum for sharing experiences and ideas as well as being a peer support opportunity. During the year we produced and distributed Ihe lalesl issues of our newsletter. These are issued to the people we support. family members, staff and other stakeholders. We received very positive feedback on these. including on the opportunity that they give for sharing ideas tseeen staff teams. We employ over 150 staff who benefit from good working terms and conditions and training and development opportunities. Over 60°h of our relevant staff have attained a level 3 NVQ or higher, which affords them not only personal development, bul enhances their opportunities should they wish lo lake on other roles in Cartref Ni or other organisalions. Additional beneficiaries of the services we provide include families, friends and carers who have shown tremendous confidence in the service we deliver as evidenced in CIW inspection reports. Families are included as fully as possible in decisions relating to the people we support. We strivè to enable the People we support. andlor family members to be active participants in the recruilment process for new staff and managers and we also invite family members lo social events which not only provides a pleasant social event but be a form of family-to-family support. We continue lo make charitable donallons within our local community including a local support group and for hospice and hospital funding materials. We remain registered as a "Safe Place" a scheme supporting vulnerable members of the public lo know where they can 90 if they have difficulties. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Activities Cartref Ni currently operales in three LorAI authority areas, Denbighshire. Flinlshire and Conwy. At the end of Mdl'LlI 2025. we supported 66 individuals. Virtually all the people we support live in supported living arrangements and hold individual tenancies. The people we support live in a wide range of differing situations. some in single tenancy housèslbungalows. some other people are in shared living arrangements. We presèntly support people in 25 different houses. Three of the buildings described as houses actually comprise up lo seven self- contained flats. Supported living enables individuals to live a full and active life as true citizens of Iheir local community.
CARTREF NI LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Examples ofoulcomes thal have been achieved are: One of Cs's long lime wishes was lo go on a Cruise. She was supported lo do this in September 2024 where she enjoyed 6 nights on a ship stopping at various places in Spain and France. DR volunleers in the local food bank on a weekly basis and this is something that he thoroughly enjoyed doing. DR is very active and delights in exploring his local area and sharing his photos on line and laking staff on hls adventu$. He also allends many fitness classes and swims regularty through the w8ek. AP'S bedroom was always quite small and not much room to relax duè to the equipment needed in the room. She has had her room exlended and il is a lovely space now. She enjoyed painting boxes for the walls and going out hoosing accessories for the room. LG has slarted lo join in with more activities again, revisiting Fun Club. Gateway and local events that are takin9 place. LG has also enjoyed anolher trip to the Blue Planet Aquarium and pantomimes throughout the year. SC continued lo enjoy a variety of local activities including getting her nails done regularly followed by lunch out, meeting up with friends al Fun Club and allending Galeway on Friday evenings. SC is a sociable lady and knows so many people, so she loves an opportunity lo catch up and chal with friends. PL enjoyed a holiday to Blackpool where he had an amazing time with his staff. He loves Musical Males on Thursday where he has made lots of new friends, and h& is Irealed like a rock slarl PL has been visiting different music events on a Sunday and is very popular. He has jLJSt had a new posh car and PL loves it. IR decided he wanl8d to have a support hub closer lo where he lives in Rhos On Sea, lo enable him just to pop in lo Iheir office when he wanted during Ihe day. We supported IR through the pr¢xess and 15 now supported from providèr in Llandudno. VO has been attending Cartref Ni events and each lime is slaying a little longer which is positive. VD goes out most days in her car, enjoying walks, bowling and visits to thé cafe. She seems lo be more ¢hatty than èver whlch is lovely to hear. VD had a holiday In Talacre last year and had a lovely break. JV moved in lo his first home, and lo celebrate he hosted a BBQ for family and friends. He has since gol his first car and found his first paid job. JV enjoyed a trip to Blackpool Pleasure Beach with his new support team. DL enjoys being involved in aclivities both around her own home and in her local community. She helps to prepare lunch. fold the washing. recycle. but most of all likes lo feed the birds in her garden. She is often out within her local communily increasing her independence with banking, posting letters and visiting the hair salon. AJ has purchased a fish lank. stones and some ornaments and has two fish which he loves to watch swimming around during relaxation lime. He is involved in feeding them and cleaning the tank out and he lik8s lo show hls fish lo his visilors. JH wènt on the train lo Chester with his girlfriend to see family unsupported. This was a very positive experience for him. JH went lo Blackpool with Gateway and also went abroad this year, first lime in many years and il was a very successful holiday. LD planned and enjoyed a cruis8 from Liverpool up lo Scotland. She met with the captain of the ship. relaxed in the pool and spa and disembarked at one of Ihe deslinalions in Scotland. LD has also taken a lrip to York and visited several shows. She continues to enjoy her role al Hwb as receptionist. CG worked in Caffi Colwyn for a short spell then slarted a placement at a garden cenlre. She also attended Barisla training CG attended a numeracy workshop and a150 became an ambassador with Co-oplions. HR continues to love her relationship with her sister, meeting up together regularly. which is very important to them both. HR still enjoys her community activities and has been to the Circus when it visited Broughlon. JD resumed working back at Cae Mor as well as Bike Hwb Cafe and Four Oaks hotel. JD is a kitchen porter and is getting used to renovated surroundings and a new team at Cae Mor.
CARTREF NI LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 MR still loves going out every day, he has had some day trips to Barmouth. Chirk Castle and has visited family at Anglesey where he enjoyed Pila Palas whilst there. MR enjoyed a lea party for hi5 birthday last year and invitod his dad and brolher and il wao lovely to see Iiuw happy he was spending time with his family. MR visits his dad at least once a week and they enjoy having lunch together. MO attended this years Cartref Ni summer event and travelled there with his co-tenanls. MO has been requesting more assistance and is currently doing train travel training. HH enjoys the outdoors and activities which involve walklng or water. He attended Sailability events last summer going on Menai Straits. Paddle boarding is a firm favourite al Padarn lake and he has beèn on a few walking treks. up Aber falls and across Conwy mountain. DR went on holiday lo Cumbria and had a great lime horse riding, went on boat trips and on bikes and then relaxing in the hol tub. DR regularly cycles al Alyn Waters. He has been on a Chester boat ride and found this lovely and relaxing. Last year DR was involved wilh Ihe garden compelition and helped keep Ihe plants hydraled. MF attends Erlas in Wrexham and gets involved in Crafting like making of an owl. This is one of his favourile activities. and then enjoys a walk afterwards in the grounds. He has renewed his Chester Zoo membership and loves lo see the animals. EB moved In to her new home in September 2024. She has been welcomed by her new housemates and built good friendships with th8m. E8's confidence has grown hugely since moving in, and is much more lalkalive and we are seeing more and more of her great personality each day. TC attended the Cartref Ni summer event August 2024 and enjoyed ice cream and a beer and the live music. TC chose a new hair Style making her hair easier to manage and also went lo the theatre 81 Chflslmas time with other co-tenants. ET was excited to lake delivery of her new blue car. She sings along to the radio in the car and has great musical knowledgé of who the singers aré. ET has lust rèturned from a family holiday in Kent, which is where her family oiiginale from. ET loves her relationship with her family and will always invite Mum along to a show. AO continues lo enjoy being outdoors enjoying walks and the fresh air on his days off work. AO has renewed his Chester Zoo pass this year. He is a huge Kylie Minogue fan and he has purchased tickets to see her in concert. GD has been making the most of his Zoo membership agaih this year. He has also allended various shows al the theatre throughout the year, including Chitty Chilly Bang Bang and lols of pantomimes in all the local theatres. CE went to Liverpool for an overnight slay with Voel coaches which was a huge achievemenl for him at Ihe Ilme. CE 8llended the Cartref Ni summer event and went lo Ihe theatre and cir¢us with friends in December. HW went abroad lo Benidorm in May and had not been abroad in many years. 11 proved a very positive experience for HW and he has a new outlook and wants lo gn away again next year. 14W has bvneflted from a new mould for Iiis new wheelchair. PJ works al the farm and attends Mosaic which he still enjoys. He went lo Skiplon on his holiday with his co-lenanl and had a great time. PJ loves watching the trains and he also visits local airports to watch the planes lake off. PJ has been helping in his garden rebuilding ihe vegelable plot. digging and plantin9 of vegetables.
CARTREF NI LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 DC has enjoyed day trips lo Blackpool throughoul Ihe year. He has joined a weekly walking group and enjoys visiting new places. He also now attends more activities weekly such as a disw on 8 Monday evening and gateway on a Tuesday. RG continues to enjoy his retirement and is very relaxed al home. However, he is walking and his fitness has huge improved and able lo walk further distances. He enjoyed a holiday to Skipton with his co-tenant and enjoyed the boat rides. His visits lo his mum are still important and goes w88kly wilhoul fail. DJ spent the summer taking care of the communal gardens around his home, creating areas with beautiful flowers to altracl the wildlife. DJ has enjoyed attending the Cartref Ni events especially when there has been live music. NJ enjoyed 2 trips lo Blackpool this year, having mel a friend who invited hèr back to join her for her birthday celebration. SB continues lo attend his regular work wilh Meifod and The Farm, he is now also attending STANO Social events regularly through the week, joining the choii where they are learning a song with sign language lo perform later in Ihe y8ar. SG continues to enjoy her working week and has said she is not ready to retire yetl SG has chosen to join her housemales for a short break in Blackpool this year. SG continues lo enjoy thè Cartref Ni social events and now aclively requests lime off work so that she can attend them. SG continues lo grow in confidence in speaking up if she has any concerns. welcomed her baby girl into the world in January 2025. TT flourished throughout her pregnancy despite some challenges. SD renewed her Chester Zoo pass for another year and has enjoyed many trips lo see the animals. SD likes vislting lorAI places lo get a spot of frésh air and a walk. Bangor Pier and Llandudno Promenade being among her favourile spots. MW had a visit to the Wrexham Xplore Science discovery cenlre. enjoying the inleractive exhibits. MW conlSnues lo have regular visits lo the Barbers which he lakes plèasure in each week. Despite PF having lo cancel a trip to Blackpool she enjoyed numerous theatre trips ol her choosing throughout the year and also went lo the circus. LM decided lo try a new Work opportunity at Hwb Oyffryn and is enjoying something new. LM conlinu8S to talk of her plans to marry her fiancé and find a new pla to live together. In the meantime, they headed off for a weekend together at Lake Vyrnwy Spa hotel, where she had a spa and massage as part of her Birthday treat. J8 is living life to the full. She had a holiday in Anglesey, went lo Llandudno on an overnight theatre trip lo see Chilly Chilty Ban9 Bang and also enjoyed an afternoon lea whilst there. JB attends day seNices bul loves to spend her days off shopping or attending rhair aerobic8 and crFJft3. JD visits P<irents al least weekly. JB has just started attending a disco on Tuesday nights and loves dancing and is always full of smiles.
CARTREF NI LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 RK has continued with fund raising for various charities and for his 30th birthday decided to set up a Go fund me pa9e asking for donations for Colwyn Bay Gateway Club instead of birthday presenls and he raised £1550 which will be used lo cut Ilie Lusi of the annual (ialeway trip lo Blackpool. RK went on Ihe trip and stayed 2 ni9hts, which was a first for him and enjoyed the break. TW was offered a job at The Courthouse café as a regular paid member of staff. while covering a maternity leave. TW flew to Hamburg lo the Miniatur Wonderland. which is the largest model railway in the World. as he has a love of trains. He conllnues with his other hobby and is now Black bell second dan in Tai Kwon Do. SR received her wheelchair accessible vehicl8 which madè access lo her community easier and she was able to gel oul for lunch and piece of cake more often. LH rejoined Ghoslbuskers and has had performanc6s at Venue Cymru and Rhuddfest. and thoroughly enjoys her sessions. LH mel wilh Michael Palin al one of their events and performed for him. AW was keen to get involved in our Cartref Ni Paddle Boarding event last July and he had a great day trying som81hing new. AW had a fantastic holiday lo Florida with his family visiting all th8 studios and parks. Oue to deleriorallon of MH'S mobility he was supported to apply for a wheelchair adapted vehlcle which he named he Beast" MH moved lo a bungalow in his home town that was beller suited lo his needs. MH enjoyed a small send off al the Cartref Ni office where he was presented with a leaving gift. MH continues lo be invited lo th8 Cartref Ni social evènts and recently allended the St Davids day celebration. LE has really settled in well into her work at Abbey Upcycling. She insligaled allending this herself and is proud of this achievement. LE has booked a trip lo Harry Potter World in Wafford. She also look a coach trip lo Ihe village that is in Emmerdale, her favounte soap. DM moved into his new home in Apiil 2024. He has settled well and is enjoying lols of different activities on a weekly basis, workin9 al Meifod and attending the local Men's Shed groups. DM has also been building his confldence with swimmlng over the last 6 monlhs and has also purchased a bass gultar lo learn. SG enjoyed a trip to Blackpool where he had a great time watching Funny Gids, and seeing the view from the top of the tower. SG has been lo see his favourile leam Chester FC 8 few times this last year, always hoping for a winl After careful planning AW was supported to enjoy her first holiday without parents last year. AW enjoyed a few days in Blackpool and it was evident from the photos that she enjoyed the experience and has planned another break away this year. Staff shared that AW thoroughly enjoyed the Pantomime last year and so will be going lo see anolher one at Easter. GW continues his horse-riding activity again Ihis year, which is something that he has enjoyed for many years. GW also allends the Welsh Mountain Zoo on a regular basis. GW continues lo enjoy spending lime with his family and will be joining Ihem on a trip to Disneyland Paris this year. GW thoroughly enjoyed riding the steam train al Bala lake. CH went on holiday lo Blackpool this year. CH has had new lurniture in her bedroom and improved storage. She attended the Cartref Ni events throughout the year and also went lo the theatre at Christmas lime with other co- tenants. SM has reconnected with his p08try, he is enjoying reading and writing this, and has been visiting the local library to look for more poetry books. He enjoys going lo The Bells for his lunch. At Christmas SM helped with decoraling the Chrisimas cake and he invited his family around to se8 his maslerpiecel JE became an uncle to Teddy this year. JE went on holiday to London sight seeing, Blackpool with Gateway and went lo watch Disney on Ice in March. JE also visiled the theatr8 on many other occasions
CARTREF NI LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 DH celebrated his 70th birthday with a small tea party and had lunch out. He has a new Gar and a new electric wheelchair enablin9 him to go for longer walks. DH loves watching his Astronaut qensory light. He has weekly head massages wliiuli he enjoys. DH went on holiday for the first lime for a few years to Blackpool and has booked to stay in a collage in Ashbourne. LJ went away to Blackpool wilh Gateway this year and has been on many days oul such as Welsh Mountaln Zoo, Iron Works, Disney on Ice, theatre trips and also went lo watch ABBA. Following a successful internship, IS now has a regular role al Glan Clwyd Hospital on the welcome desk. IS continues to access lols of local events within her community. IS has also joined the STAND choir where they are practisin9 a song with sign language lo perfom later in the year. She enjoys helping others leaming the signs. AT is a huge Liverpool football fan and Ihis year got the chance lo go lo Anfield to watch a legends match which she thoroughly enjoyed. FR continues lo inspire us with her positive drive and wanting lo push herself to try new things. FR has shown an interest in boxing and would like lo eventually join a class. In the meantime she has been supported lo purchase some boxing gloves and pads and regularty uses them at home with staff support. FR has also started an Arts and Crafts course this year al her local Library and is ènjoying il and showin9 off her wonderful creations. RB had a lovely break away last year in Willshire, he visited the safari park and loved seeing all the animals. He attends Pedal Power which he enjoys, as well as the Chill Factor and Carria9e Riding. He visils his parenls regularly usually for tea. RB still enjoys his visits to th8 theatre and enjoyèd watching a ballet in Liverpool. MA has now finished college and has started work with The Hwb Café and Mosaics, where he's received fantastic feedback. MA has also joined the STAND Choir where they are pracli51n9 a song with sign language to perform later in the year. OD is in regular touch with hi5 family in Ireland and travellèd over with his Mum lo celebrate his Niece's 1 st birthday. He has also visited several shows including a Michael Jackson Iribulé, a show wlth several m8mbers of boy bands and Atomic Kitten. OD and his fiancé went independently 10 see Will Young in concert. GJ moved in lo her new home in May 2024. She graduated from college in Summer of 2024 and began a new chapter with "Project Search" to learn the skills required for paid employment in the future. Despite attending 5 days a week. she slill finds lime lo volunteer al an animal rescue centre on some weekends. JS loves the thrill of the rides al Alton Towers and has béen there many limes so for his blrthday he decided to try somewhere new and went lo the Pleasure Beach in Blackpool. He had a great lime trying out new rides Ihere. JS began attending Use Your Loaf sesslons and enjoyed tasting whal he had made each week. CC has had new furniture for his bedroom and a new sofa. CC went to Soulhport lo visit his friend. He has started swimmSng on Tuesdays and has joined the local gym and goes every Thursday which is very positive. MD was so pleased when Soup Club started up again at a venue accessible for her. She goes each week and is a social highlight for her. All the people who also attend, lake limeoul lo chal with MD each week, a really inclusive leel lo the activity. Over Ihe last 12 months DB has been taking part in a drama group and taken part in a few shows, including Alice in Wonderland and This is Me and like5 to perform for us to show us what She has learnt. While oul shopping. DB introduced herself to two police officers who allowed her lo try out both the car and the handcuffs. JL wants to move to Wrexham and is on the waiting list for suitable accommodation. JL has been in a new relationship and is going very well. JL oelebrated his birthday in Liverpool with staff and family members where he enjoyed axe throwing. JL received a 10 year achievement certificate from Wetherspoons. a proud moment for him.
CARTREF NI LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH >025 Achievements and performance Financially Cartref Ni continues to be in a strong posltlon as dp.8¢ribed in the Audited Accounts. From a seNice perspective the people we support continued to experience a wide range of activilies as described elsewhere in the report. One of th8 highlights of the year was being awarded a platinum award from the Investors in People. This is the higesl award possible and only 6 /0 of organisations assessed achieve this level and we are the only social care organisalion in North Wales al this level. As we were assessed by the Social Care Regulator "Care Inspectorate Wales" (CIWI in 2023124, we were not due a further assessment this year. So the inspection report from November 2023 remains our latest and this was very positive. Under "The Regulation and Inspection of Social Care (Wales} Act" {RISCA} we are inspected and rated on three themes,. Wellbeing, Care and Support and Leadership and Management. We were given the rating of 'EXCELLENT' in all three categories. This is a very significant achievement. In previous years these rating were not made public but from 2025126 they will be published on each new inspection. We were pleased to see mor8 staff take up some of the key staff benefits such as the 8nhanced matched employers pension conlribulion. We are proud that a member of staff was awarded silver in the Supported Living Care Practiilonerf Award 81 the Wales Care Awards. 2024125 saw another staff conference wlth n8ady all staff attendlng one of the Iwo days. This was hlghly successful with excellent feedback. The garden competition remained a popular event and was run again in the summer of 2024. where many people look part. Everyone who entered made such an effort lo improve their garden il was again difficult lo choose the winners. Other successful events were held for the people we support including an Olympics themed Summer barbeque. paddleboarding evanl and a Christmas party.
CARTREF NI LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 We have continued to give opportunities for siaff to enhance their qualifications and achieve the relevant Awards. ' All Induction Framework Programme = 11 Level 2 Health & Social Care Diploma = 17 Level 3 Health & Social Care Diploma = 12 Level 4 Preparing for Leadership & Management in Health & Social Care Diploma = Level S Leadership Management 2 Th8 board would like to pass on our thanks to all staff for Ihelr part in the achiev8menls of Cartref Ni. uali Assuran Cartrel Ni strives lo provide high quality services to the people it supports. and we use a variety of routes lo measure our success or not. These include regular individual and house meetings with the people we support to provide opportunities for them to communicate their feelings and wishes on the support Ihey receive. This year wè began extensive background work into reviewing the organisations quality standards and how Ihese are lo be measured. Following consullalion with all slaff. new quality standards have been developéd and defined for the organisalion. Our Quality standards are the framèwork of all we do, givlng peop16 choice, promoting their wellbeing, supporting them to be involved in their community and lead full and active lives. They detail how we safeguard people whilst promoting positive risk taking. taking positive risks is how we all grow and develop, working with external partners lo ensure people live in accommodation that is suitable for their needs and an environment they feel safe and content in. We feel confident that the development ol Ihes8 new quality standards will allow us lo gather clear and accurale information, which can be measured lo achieve a true reflection of the level of quality our service is delivering. Like all ethos of our organisalion. the qualily standards have been developed In a person cenlred way. Quality monitoring visits have continued being carned out by the Chief Executive, Hèad of Operations. Quality and Compliance Manager as well as a number of Trustees. The Quality and Compliance Manager has conllnued with Quality Reviews and audll visits were undertaken and the development of action plans where required werè put in place. Topics are chosen to discuss in team meetings lo enhance knowledge on subject areas and further embed good praclice and recognize areas for development. Team meetings are also allended by our auality Assurance Manager on occaslon, as part of our assurance process. We continued with our mentoring programme for our newly appointed Assistant Manager to meet on a monthly basis for a 12 month period. Feedback has been èxlremely positive about the benefits of the mentoring programme. The family quality survey has provided excellènt feedback, enabling us to continue to develop best practice, and will be continued. The staff satisfaction survey is an ongoing feature of our quality assurance framework, offering staff members a voice in setvice improvement and the reviewing and development of policy. Throughout this year we have been pleased al the levels of positive feedback in relalion lo the way we have cor)linued lo provide services from a range of stakeholders including the families of the people we support, as well as the commissioners from each of the respective local authorities. but mosl importantly we have received positive feedback on many occasions from several individuals that we support. A Quality Assurance report and a 6 monlh interim report were produced, pulling together infomiation from a range of sources providing evidence on the quality of services provided. The Annual Report required for registration wilh Care Inspectorate Wales was completed. Cartref Ni continued to implement an operational management system called Care Control to enable enhanced recording of care and support information.
CARTREF NI LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Fundralslng Actlvltles No fundraising activities have taken place in the year as Cartref Ni provides domiciliary care to generate incomè to meet ils objectives. Flnanclal rèvlèw Cartref Ni continues to offer competitive lerms and conditions of employment for ils staff together with extensive training and development opportunities. The financial pressures Ihal are being applied to local authorilies are conlinuing. The local aulhorilies that fund most of the support we provide are constantly seeking efficiencies from us as providers not only in the charges we make to them, but also in the amount of support hours being provided lo individuals. They are seeking out ways of meeting the needs of individuals in what they see as more efficient and lower cost ways. and this is likely lo continue. In addition, the requirement for all staff within the social care sector to now be paid the Real Living Wage will continue to have a financial impact over the coming years. Despite this, Cartref Ni's financial position remains strong and our financial outtum for the year was positive as delailed In the Annual Accounts. Goin Concem After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources lo conlinue in operational existence for the foreseeable future, For this reason, they continue lo adopt the going concern basis in preparing the financial stalemenls. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Reserves Reserves are needed to enable Cartref Ni lo continue to operate in the event of fluclualions in levels of income or expenditure arising from the loss of projects or other events. These could include for example short-lerm delays in fundin9 or unexpected business inlerruplions. In addition, the Iruslees note that the significant staffing issues in the social care sector may require us lo make further slralegic investmenls in the terms and conditions of our staff within the coming year5. In this context, the Iruslees consider that the appropriate range of free reseNes lo be £1,338.703 £2.677,407. Al the year-end Cartref Ni held free rèserves of £1.727.536 on unreslricled funds after allowing for those rasources designated for the Fixed Asset Fund and the Lesley Gurney Key Outcomes Fund, the details of which are given in note 17 to the accounts. This is equivalent to four months running costs. This level is within the defined range and the posilion will continue to be reviewed on an ongoing basis lo ensure that levels held remain appropriate. Investment Powers and Polic The trustees, having regards to thè liquidity requirements of operating the charity, have kept available funds in interesl-bearing deposit accounts. 10-
CARTREF NI LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Risk Management Cartref Ni has d sysiem of operational risk management for people we support and staffing issues. At a strategic level the position Is the same as in previous years. The Trustees have considered the risks lo which the charity might be exposed. The primary risks are. as in previous years, financial. During 2024125 hours were reduced by a small amount in a small number of houses in Flinlshire following a review. The larger financial risks are due lo changes in the Real Living Wage. National Insurance rates and thresholds and whether these will be funded by local 8ulhorilies. Where there are specific risks lo be aware of these are r8POrted lo Trustees al their quarterly meetings. Cartfre Ni will continue lo work in partnership with Local Aulhoritl8s lo see if efficiencies can be identified without compromising on quality. From a contractual perspective, local authorities Ihal were planning retenfjering processes have indlcaled that these are not likely lo proceed in the short term.. We continue to plan to respond to these if and when they are restarted. Taking all these factors into account the Trustees have developed an appropriate reserves policy. Cartref Ni is adamant that dèspite the risk of losing work, high standards musl be maintained and staff musl be offered the best possible terms and conditions of employment including comprehensive training and development opportunities. It is hoped that Cartref Ni's excellenl reputation for providing high quality social care will sée il through. Ils strategy of focusing on achieving and evidencing outcomes for individuals should help ensure ils continued success. Plans for future periods These remain as in previous years. The main focus for the Charity is to maintain and improve the highest quallty of services for the people we currently support and to conlinue lo provide the best lerms and condltions for staff. We will review the structure of the senior management within the organisalion to ensure it is fit for purpose. There is new version of the operational software that we use that we will be planning lo implement and there is a separate ICT project Ihal we aim lo progress which will offer more efficient ways of working. There are no specific plans to expand the Charity, but we will conlinue to look al ways lo enhance the lives of the peopl8 we support. Structure, governance and management The charity is a company limited by guarantee and is govem8d by a memorandum and articles of associalion. The Trustees. who are also the direclors for the purpose of company law, and who served during lh8 year and up lo the date of signature of the financial statements were.. Mrs V Hawker (Chair since 14111124) Mrs P Bochenski {Chair until 13111124) Mrs A Br8bner Mrs J Brown Mr G Coales Mr M Rnhp.rts Miss S Ridings - {appoinled 24101125) Trustees are appointed by nomination of other trustees. The procedures for appointing new Iruslees, including any restrictions on trusteeship. such as maximum number or reslriclions are set out in the articles of association. None of Ihe trustees has any beneficial interest in the company. All of the trustees aré members of the company and guarantee lo contribute £1 in the event of a winding up.. The organisalional structure The Board of Trustees which meets four limes a year, governs the organis81ion. Any additional m88lings are put in pla as required. Strategic decisions are made al these meetings and operational issues are reported on. Details on the number of Trustees required to be quorale are in the articles of association. 11
CARTREF NI LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Trustee Induction and Training Trustees are encouraged to vislt the individuals th8 Charity supports and its employees. to gain 8 better understanding of the work we do. The CEO provides a quarterly report on key issues and developments and the Trustees provide strategic guidance. always ensuring that the work undertaken or proposed is in line with the objectives of the Charity. All new Trustees are mentored by a more experienced member of the Board and have opportunities to meet staff and supported individuals either in supported living settings or al a variety of Cartref Ni social functions held throughout the year. Pay Policy for Senlor Staff The Iruslees consider the key management personnel of Ihe company in charge of directing, controlling. running and operatin9 the Charity on a day lo day basis, comprise the board of trustees, who are also direclors for the purposes of company law, and the senior management team. All Iruslees give their lime freely and no trustee received remuneration in the year. The pay of the senior staff is reviewed each year as part of the company annual staff remuneration review. Audltor In accordance with the company's articles, a resolution proposing that Harold Smith be reappointed as auditor of the ompany will be put at a General Meéting. The trustees, report was approved by the Board of Trustees. Mrs V Hawker Trustee Dale: 12
CARTREF NI LTD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 22 MARCH 2025 The truslees, who are also the dir8clors of Cartref Ni Ltd for the purpose of company law. are responsible for preparing the Trusl8es' Report and the financial statemenls in accordance with applir,able law and United Kingdom Ac¢ounlin9 Sidiidards {Uniled Kingdom Generally Accepted Accounting PracliGe). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charitab18 company for that year. In preparlng these financial slalements. thè trustees are required to: select suilable accounting policies and then apply them oonsistenlly: - observe the methods and principles in the Charities SORP.. make judgements and eslimales that are reasonable and prudent., stat8 whether applicable UK Accounting Standards have been followed, subject lo any materlal departures disclosed and explained in the financial slalements., and prepare the financial statements on Ihe going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable slaps for the prevention and detection of fraud and other irregularities. 13-
CARTREF NI LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CARTREF NI LTD Oplnion We have audited the financial statements of Cartref Ni Ltd (thp 'c.harily') for the year cnded 22 March 2025 which comprise the statement of financial aclivilies. the balance sheet, the statement of cash flows and notes lo the financial stalemenls, including significant accounting policies. The financial reporting framework that has been applied in their prèparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practice}. In our opinion, the financial sl8lemenls: give a true and fair view of the stste of the charitable company's affairs as at 22 March 2025 and of Ils incoming resources and application of resources. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclic8- and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnion We conducted our audit In accordance with International Standards on Auditing {UK} IISAS (UK)) and applicable law. Our responsibilities under Ihose standards are further described in the Auditors responsibilities for the audit of Ihe financial slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and w8 have fullilled our other ethical responsibilities in accordance with these requirements. We believe that Ihe audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to 90ing concern In auditing the financial slalemenls, we have ¢oncluded that the Iruslees, use of the going concem basls of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any malerlal uncertainties relating lo events or conditions that, individually or collecllvely, may cast significanl doubt on the charity's ability to continue as a going concern for a perlod of at least twelve months from when th6 financial statements are aulhorised for issue. Our rasponsibiliti8s and the responsibilities of the trustees with raspecl to goin9 concern are described in the relevant seGlions of this report. Other Informatlon The other information comprises the information included in the annual report Dlher than the financial slatemenls and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial slalements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the olher information is materially inconsislent with the financial slalements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misslalements. we are required lo determine whether this gives rise lo a material misslalement in the financial slalements themselves. If, based on the work we have performed. we conclude that there is a material misstalemenl of this other information, we are required lo report that fact. We hav8 nolhing to report in this regard. Matters on which we are required to rèport by exception We have nothing lo report in respect of the following mallers in relation to which the Charilies (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the infomialion given in the financial slalements is inconsistent in any material respecl with the trustees, report.. or sufficient accounting records hav8 not been k8Pt- or the financial statements are not in agreement wilh the accounting records. or we have not received all the information and explanation5 we require for our audit. 14
CARTREF NI LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CARTREF NI LTD Responsibilities of trustees As explained more fully in the statement of Iruslees, responsibililip.s, the Iruslee8, who are also th8 direcloib of thè charlty for the purpose of company law, are responsible for the preparation of the financlal statements and for being satisfied that they give a true and fair view, and for such internal control as the twslees detemine is necessary lo enable the preparation of financial statements that are free from material missialement, whether due lo fraud or error. In preparing the financial stalemenls, the trustees are responsible for assessin9 the charitys ability lo continue as a going concern, disclosing. as applicable. matters related to going eoncem and using the going concern basis of accounting unless the Iruslees either intend to liquidate Ihe charitable company or lo cease operations, or have no realistic altemative but to do so. Audltorfs responslbllitles for the audit of lh• flnanclal statements We have been appointed as auditor under section 144 of Ihe Charities Act 2011 and report in accordance wllh the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalem8nl, whether due lo fraud or error, and lo issue an audiloT'S report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence Ihe economic decisions of users taken on Ihe basis of thesè financial slalements. The extent to which our procedures are capable of detecting irregularities, including fraud. is detailed below. A further description of our responsibiliti85 is available on th8 Financial Reporting Council's website al.. hltps'.11 www.frc.org.ukjaudilorsresponsibililies. This description forms part of our auditor's report. Use of our report This report is made solely to the chaiily's trustees, as a body, in accordance with part 4 of the Charities {A¢¢ounts and Reports) Regulations 2008. Ovr audll work has been undertaken so that we might slate lo the charity's Iruslees those mallers we are required lo state lo Ihern in an auditorfs report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Iruslees as a body, for ovr audit work, for this report, or for the opinions we have fomied. Slmon Murray-williams BA FCA (Senior Slatutory Auditor) for and on behalf ol Harold Smlth Chartered Ac¢ountants Statutory Auditor Unil 32, Llys Edmund Prys Sl Asaph Business Park Sl Asaph LL17 OJA Harold Smith is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 15-
CARTREF NI LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 22 MARCH 2025 Unrestricted Unrestrleled Restricted funds funds funds 2025 2024 2024 Total 2024 Notos In¢ome from: Grants Receivable Charitable activities Investment income 4,607 4.607 5,140.009 36,694 5.492.385 5,140,009 52.863 36,694 Total Incomo 5,545,248 5,176,703 4,607 5,181,310 iturè on: Analysis of support costs 5.415,668 5,098.828 4.607 5.103.435 Total charitabl• •xpondlture 5,415,668 5,098,828 4,607 5,103,435 Net income for the yearl Net movement in funds 129,580 77,875 77,875 Total funds brought forward 2,130,702 2,052,827 2,052,827 Total funds carrled forward 2,260,282 2,130,702 2,130,702 The statement of financial activities includes all gains and losses recognis8d in the yéar. The statement of financial activities includes all gains and Sosses recognised in the year. All income and expenditure derive from ¢ontinuing aclivilies. 16-
CARTREF NI LTD BALANCE SHEET AS AT 22 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 12 453,146 468.867 Currènt assets Debtors Cash at bank and in hand 13 430,822 2.105.912 389,903 2.088,565 2,536.734 2,478,468 Credltors: amounts falllng due wlthln one year 14 (728.388) (814,714> Nel current assels 1,808,346 1,663,754 Total assets less current liabillties 2,261,492 2,132.621 Provlslon8 for1SabllStlos 15 11,210) (1,9191 Net assets 2,260,282 2,130,702 Income funds Unreslricled funds Designated fvnds General unrestricted funds 17 532,746 1,727,536 548,794 1,581,908 2.260.282 2,130.702 2.260.282 2,130.702 17
CARTREF NI LTD BALANCE SHEET (CONTINUED) AS AT22 MARCH 2025 The company is entitled to the exemption from the audit requiremènt contained in section 477 of the Companies Act 2006. for the year ended 22 March 2025, allhough an audit has been carried out under seclion 144 of the Charities Ac12011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wilh respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in a¢cordance wlth the provisions applicable to companies subject lo the small companies regime. The financial statements were approved by the Trustees on . If.Y.Jf Mrs V Hawker Trustee Company registration number 02591631 18-
CARTREF NI LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 22 MARCH 2025 2025 2024 Notes Cash flows from operating activltigs Cash (absorbed byllgenerated from operations 19 {28,889) 132,935 Investing activltles Purchase oftangible fixed assels Investment income received (6.627) 52,863 134.926) 36.694 Net cash generated from Snvesllng activities 46,236 1,768 Net cash used In flnanclng actlvltles Net Increase in cash and cash equlvalenls 17,347 134,703 Cash and cash equivalenls al beginning of year 2,088,565 1,953,862 Cash and cash equivalents at end of year 2,105,912 2,088,565 19-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 22 MARCH 2025 Accounting poli¢io9 Charity informalion Cartref Ni Ltd is a public benefit entity and a private company limiled by guarantee incorporated in England an(J Wales. The registered office is Goleufan, 27 Chesler Street, StAsaph, Denbighshire, LL17 ORE. 1.1 Accounting convention The financial statements have been prepared in accordance with the charitvs [governing documenll, the Companies Acl 2006, FRS 102 "The Financial Reportin9 Slandafd applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Slalemenl of Recommended Practic6 applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {effe¢live 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financlal statements have been prepared under the hislorlcal cost convention, Imodified lo include the revaluation of freehold properties and to include investment properties and certain financial instruments al fair valuel. The principal aceounling policies adopted are sel oul below. 1.2 Going concern Al the lime of approving the financial statements, the trusl88s have a reasonable expectation that the charily has adequate resources to continue in operational existence for the forèsèeable future. Thus the 1rusl8es conlinue to adopt the going concern basis of accounting in prepanng the financial slatements. 1.3 Charitable funds Unrestricted funds ar8 available for use al th8 dis¢relion of th8 trusle8s in furthèrance of their charllable objectiv85. Designated funds are unrestrlcled funds eamiarked by the Iruslees for a partlcular future project or commilment. Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall Into one of two sub-classes.. restricted income funds or endowment funds. 1.4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be receivèd. Cash donations are recognised on receipt. Other donalions are recognised On the charity has been notified of the donation. unless performance conditions require deferral of Ihe amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenanl is rQgnISed al the lime of the donation. LegaGie5 are recognised on receipt or otherwise if the charity has been notified of an impending dislribulion, the arnounl is known, and receipt 15 expected. If the amount is not known. the legacy is treated as contingent asset. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case il may be regarded as restricted. 20-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Accountlng policies {Continued) 1.5 Expendilure Expendllure is recognised once there is a legal or constructive obligation to transfèr 6conornic bènefit lo third party. il is probable that a Iransfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support Gosls involved in undertaking each aGlivily. DiTecl costs allributable to a single activity are allocaled directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spenl, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble fixèd assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost or valuatlon ol assets less Iheir residual values ovér their useful lives on the following bases.. Freehold property Fixtures and fittings Equipment 20/0 Straight line 25•/0 Straight line 20 /0 to 25010 straight line The gain or loss arising on Iha disposal of an asset is determined as th8 difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment ol flxed assets At each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo ¢Jelemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hanij. deposits held at call with banks. other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financlal instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Inslrumenls. and Section 12 'Other Financial Instrumenls Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments are recognlsed in the charity's balance sheet when the charity becomes party to the ontraclual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to sellle on a net basis or to realise the asset and settle the liability simultaneously. 21
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Accounting policies (Continued) Basie financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslitules a financing Iransaclion, where the transaction is measured al the present value of the future receipts discounted al a market rat8 of inieresl. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including credilors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt inslrumenls are subsequently carrled at amortised cost, using the 8ff8ctive interest fate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabililies. Tradè creditors are recognised initially at transaction price and subsequently measured 8t amortised cost using the effective interest method. Dere¢ognition of financial liabilities Financial liabilities are der8cognis8d when the ¢harity'S contractual obligations expire or ar8 discharged or cancellèd. 1.10 Employee benefits The cost of any unused holiday entitlement 1$ recognised in the period in which the employee's seThices are received. Termination bènefils are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retlrem•nt benelils The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice. The change in the nel defined benefit liability arising from employee seNice during the year 1$ recognised as an employee cost. The cost of plan introductions, benefit changes, selllemenls and curtailments are recognised as incurred. -22-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Accounllng poli¢ies {Continued) The nel interest element is determined by multiplying the net defined benefit liability by the discount rale. taking into account any changes in the nel defined benefit liabilily during the period as a result of contribution and benefil payments. The net interest is recognised in incomel(expendilure) for the year. Remeasurement changes comprise actuarial gains and losses. the effact of the asset ceiling and the retum on the n&t defined benefit liability excluding amounts included in nel interest. These are recognised immediately in other recognised gains and losses in the period in which they o¢¢ur and are not reclassified to incomel {expendilurel in subsequent periods. The net defined benefit pension asset or liability In the balance sheet comprises the total for each plan of Ihe present value of Ihe defined benefit obligation (using a discount rale based on high quality corp.orate bonds). less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market pric6 informalion, and in the case ol quoted securities is the published bld price. The value of a net pension benelil asset is limiled lo the amount that may be recovered gilher through r&duc8d contributions or agreed refunds from the scheme. CrStlGal aecountSng estlmates and Judgements In the application of the charity's accounting policies. the Iruslees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associBled assumptions are based on historical experience and other laclors that. are considered to be relevant. Actual results may differ from these eslSmates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revisèd whèrè the r8vision affects only that period, or in th8 period of the revision and future periods where the revision affects bolh current and future periods. Grants Rocolvable Total Restricted funds. 2025 2024 Granls receivable 4,607 Grants receivable for core activilies Other 4,607 4,607 -23-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Income from charilable a¢llvitles Unrestricted funds 2025 Unrestricted funds 2024 Income from tho provlslon of domiciliary care Services provided under conlracl 5,492,385 5,140,009 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Bank interest receivable 52,863 36,694 Expenditure on charitable activities Analysis of Analysis of support support cost$ costs 2025 2024 Dlrect costs Staff costs Depreciation and impairment Provision of domicillary care Insurance Travel expenses Consultancy Premises General office Finanoc coals 375,898 22,348 4.860.773 19,148 16,053 5.798 10,858 96,017 1,708 339,724 16,990 4,613,161 15,235 9.729 5,522 14,621 79,998 1,607 5,408,601 5.096.587 Share of support and governance costs (see note 7) Govemance 7.067 6.848 5.415.668 5.103.435 Analysis by fund Unrestricted funds Reslricled funds 5,415,668 5,098,828 4,607 5,415,668 5.103.435 -24-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 Support costs allocatod to activitios 2025 2024 Governance costs 7,067 6,848 Analysed between: Analysis of support costs 7,067 6.848 Trustees No Iruslee recelved any remuneratlon or expenses during the year. Employees The average head count of employees during the period was 147 (2024.. 149) The 8verage number ol full-lime equivalenl employees during the period is analysed as follows: 2025 Number 2024 Number Charity Services Administration Management 140 142 Total 147 149 The number of employees whose annual remuneration was mole than £60,000 is as follows.. 2025 Number 2024 Number £60,001 to £70,000 £80,001 to £90.000 £100.001 to £110,000 10 Key Managemont Porsonnel Key management personnel include all persons that have authority and responsibilily for planning. directing, and controlling the activities ol the charilable company. The total Compensation paid lo key management personnel for services provided lo the charitab18 company was £223,852 {2024'. £209,068). 11 Taxation The charity is exempt from taxation on ils activities because all its income is applied for charitable purposes. -25-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 12 Tangiblè fixed assets Fré•hold Fixtures and property rit¢ing$ Equipment Total Cost Al 24 March 2024 Additions Disposals 472.893 25,025 612 (60) 64,682 6.015 (1.6081 562,600 6.627 (1,668) Al 22 March 2025 472,893 25,577 69.089 7,559 Depreciation and impairment At 24 March 2024 Depreciation charged in the year Eliminated in respect of disposals 45,947 7,658 17,944 1.973 (60) 29.842 12,717 11,608> 93,733 22,348 (1,668) At 22 March 2025 53,605 19,857 40.951 114,413 Carrying amount Al 22 March 2025 419,288 5,720 28,138 453,146 At 23 March 2024 426,946 7,081 34,840 468,867 13 Dèbtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 416,674 1,171 12,977 378,738 1,752 9,413 430,822 389,903 14 Credltors: amounts falling du• withln one year 2025 2024 Social security and other taxes Other creditors Accruals and deferred income 85,255 311,044 332,089 114,172 357,366 343.176 728,388 814,714
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 15 Provisions for liabililies 2025 2024 Notes Retirement benefit obligations 16 1,210 1,919 1,210 1,919 16 Retirement benefit schemes The charity opera18s a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charily in an independenlly administered fund. The charge to profil or loss in respect of defined contribution schemes was £116,158 {2024'. £101,483). Defined benefSt schemes Cartref Ni Limited becam8 an admitted body to the Clwyd Pension Fund local government pension scheme, as a resull of the transfer of employment contracts to Cartref Ni under TUPE regulations following a SUCC8ssful lender of several project. The LGPS is a funded benefil scheme, with assets held in Separate Iruslee-adminislered funds. The total contributions made for the year ended 22 March 2(1?.5 in relation to Ihese membèrs of staff was £21,670 (2024 £19,718). of which employers contributions totalled £16.235 (2024 - £14,787} and employees contributions tolalled £5,434 {2024 £4,930). The contribution rates are revlewed annually. Ouring the year, the total amount recognised in income or expenditure as an expense in relation lo defined benefit plans was £16,23512024 - £14,787). This includes a reversal of the prior year additional contribution of £11,700112024 - £1.600). Cartref Ni Limi18d expects to contribute £16,235 to the defined benefit penslon scheme in 2025. It was agreed in the transfer agreement with the previous employer that all liabilities to the Clwyd Pension Scheme fund arising in respect of members of staff whose employmenl had been transferred would rem8in with the previous employer with the exception ol.. Contributions lo the cost of future bènefit accrual not exceeding 18.3•/0 of pensionable pay, less the reduction in contributions allowed by any funding surplus, where the actuarial basis of calculation is consistent with the Solvency Funding Target as defin8d in the Funding Strategy Slalement of Clwyd Pension Fund dated march 2017. The capital cost (if any) of the unfunded benefit enhancement upon retirement for reasons of redundancy or business efficiency. Although Cartref Ni Limited remains technically liable to Clwyd Pension Scheme for any liability arising in excess of the amounts detailed above. the transfer agreement stales that Cartref Ni Limited will be indemnified by the previous employer for any liabilities in excess of the agreed amovnts. While this could result in a liability arising If the previous employer were to default on the obligation, due lo the financial standing of the previous employer. the likelihood of such a liability arising is considered to be remote. Thus, as Cartref Ni Limited has made contributions during the year of 18.3°/o of pensionable pay and there have nol been any retirements for reasons of redundancy of business efficiency. under the terms of the transfer agreement, Cartref Ni Limited has no further obligation lo contribute lo any liability lo the Clwyd Pension Scheme in relation to future benefits relating lo the staff members in question and therefore. provision for such liabilities has not been made in these financial statements. A provision has not been n7ade in these financial slalements as the fund shows a surplus of £70.000 {2024 - surplus £25,000} determined as follows: -27-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 16 Retirement benefit schemes (Continued) 2025 2024 Present value of funded benefit obligations Fair value of plan assets (268,000) 338,000 {293.0001 318,000 70,000 25,000 Kay assumptions 2025 2024 Discount rate Expected rale of increase of pensions in payment Expected rale of salary incréases Inflation assumption 3.85 3.85 Mortality assumplions The assumed lite expectations on retirement al age 65 are.. 2025 Years 2024 Years Retiring today Males Females 21.1 23,6 21.0 23.5 Rellring in 20 years Males Females 22.4 25.4 22.4 25.3 The amounts included in the balance sheet arising from the charity's obligalions in respect of defined benefit plans are as follows: 2025 2024 Present value of defined benefit obligations 1.210 1,919 Deficit in scheme 1,210 1,919 Movements in the present value of defined benefit obligations.. 2025 Liabilities at 24 March 2024 Other 1,919 {709) The defined benefit obligations arise from plans which are wholly or partly funded. The actual return on plan assets was £- (2024- £-). -28-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 16 Retirement benefit schemes Icontlnued) Equity instruments Debl instruments Property Cash and cash equivalents Alternatives 52,000 125,000 15.000 16.000 130,000 44,000 116,000 14,000 16,000 128.000 338,000 318,000 17 Unrèstrlcted funds The unrestrlcled funds of the charily comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include desLqnaled funds whlch have been set aside out ol unrestricted lunds by the Irustees lor specific purposes. At 24 March 2024 Incomin9 resources Resources expended Transfers Al 22 March 2025 The Lesley Gurney Key Outcome Fund Fixed Asset Fund General funds 79,927 468,867 1.581,908 3,673 {4,000) 79,600 453,146 1,727,536 {15,721) 15,721 5,541,575 {5,411,6681 2,130,702 5,545,248 {5,415,668) 2,260,282 Previous yèar: At 24 March 2023 Incomlng resources Resources expended Transfer$ At 23 March 2024 The Lesley Gurney Key Outcome Fund Fixed Asset Fund Genèral funds 77.502 450.930 1,524.395 3,105 (680) 79,927 468,867 1.581,908 17,937 (17.937) 5,173,598 15,098,148) 2,052.827 5,176,703 s,nq8,828 2,130,702 Designated Funds: a) The Lesley Guerney Key Outcome Fund derives from a bequest from a past service user which the trustees have designated lo support Cartref Ni service users to realise a key outcome that has been identified by the service user lor their representative) or a support workerlmanager,. discussed and recorded during a supervision or team meeting., and incorporated in the person's seNice delivery plan. Consideration lo awarding grants from thi5 fund lo other vulnerable people in North Wales will also be given on application. bl The designated fund for fixed assets represents resources invested in the charity's tangible fixed assets. The fund is therefore not readily available for other purposes. 18 Related party transactions There were no disclosable related party transactions during the year {2024 - none). -29-
CARTREF NI LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 22 MARCH 2025 19 Cash generated from operations 2025 2024 Surplus for the year 129,580 77,875 Adjustments for: Investment income recognised in slalement of financial activities Depreciation and impairment of tangible fixed assets Difference between penslon charge and cash contributions (52,863) 22,348 17091 {36,694) 16,990 468 Movements in working capital= Ilncrease} in debtors {Decrease)/increase in creditors 140,9191 (86.326) (71,952) 146,248 Cash (absorbed byllgenerated from operatlons (28.889) 132,935 20 Analysis of changes In net funds The charity had no material debt during the year.