COMPANY REGISTRATION NUMBER: 4037005
CHARITY REGISTRATION NUMBER: 1090949
Pembrokeshire Frame Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025

Pembrokeshire Frame Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Pages
Trustees, annual report (incorporating the directorfs report)
1to13
Independent examiner's report to the trustees
14
Statement of financial activities (including income and expenditure
account)
15
Slatement of financial position
16
Statement of cash flows
17
Notes to the financial statements
18to28
The following pages do not form part of the financlal statements
Detailed statement of financial activities
30

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The Iruslees, who are also the directors for the purposes of company law, present their report and the unaudited
financial statements of the charity for the year ended 31 March 2025.
Reference and administrative detalls
Register8d charity nam8
Pembrokeshire Frame Limited
Charity registratlon number
1090949
Company reglstratlon number
4037005
Prlnclpal offlce and reglstered
offlce
Old Press Buildings
Old Hakin Road
Merlin's Bridge
Haverfordwest
Pembrokeshire
SA61 1XF
The trustees
Mr A S Harries - Treasurer
Mrs M C Stonehill
Mr P M Jones
Mr P G Smith
Ms D J Brown
Mrs E A Clarke- Chair
(Appointed 8 December 2024)
(Appointed 6 December 2024)
(Resigned 15 August 20241
Ind&pendent examlner
Bruce Evens (Senior Independent Examiner)
Hamillon House
Hamilton Terrace
Milford Haven
Pembrokeshire
SA73 3JP

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) fcontlnuedj
Year ended 31 March 2025
Structure. governance and management
Governing docufflent
The charity is a limited company, registration number 4037005, and is governed by its Memorandum and Articles of
Association. Pembrokeshire Frame Limited is also registered with the Charity Commission, number 1090949. The
trustees are also directors of the charitable company.
Appolntment. Inductlon and tralnlng of new trustees
Potential trustees may be co-opled to the board prior to election by members at an AGM. It is planned that trustees
will bring to the board a range of skills from business, professional, social care and community backgrounds relevant
to the Charity's operational and social objectives. Potential new trustees are interviewed and provided with a
comprehensive induction to the organisation, an induction pack and relevant guidance on trustee related roles and
responsibilities. Ongoing opportunities are offered for trustee51o attend training courses.
Thecharity has a close working relationship wilh Pembrokeshire County Council, which can nominate a representative
to the Board as an advisor for any issues which may arise regarding the Local Authorily Conlracl.
Organisational structure
The Iruslees are responsible for formulating policies and procedures and for ensuring the correct level of internal
conlrol.
The day lo day running of the charity is the responsibilily of the Chief Executive Officer Ellen Petts who took over
from Chief Officer Paul Hughes in December 2024 and the management team, who report lo the trustees at their
regular meetings. The charity also undertakes social accounting annually.
Flnanclal controls
Control over the client affairs is affected by an inspection by the trustees.
Related partles
The charity has a close working relationship with Pembrokeshire County Council, which can nominate an advisor to
the Board.
Rlsk management
The trustees have recognised the loss of grant funding and a failure of its duty of care to the seNice users as it8 major
risks.
To mitigate the loss of funding, a reserves policy has been created to enable the principal objective5 to continue and
to meet any statutory or contractual commitments which may arise as a result of the loss. Suitable levels of supervision,
training and procedures have been put in place to ensure the standard of care is of Ihe highest level. Internal controls
and internal audit procedures have also been implemented to safeguard against risks. The charity has the appropriate
levels of insurance to cover public liability, fidelity and other areas relevant to its operations.

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) fcontlnued)
Year ended 31 March 2025
Objectlves and actlvltles
Company Misslon
FRAME promotes social inclusion through meaningful supported reuse and upcycling training and services. It also
reduces carbon and helps alleviate the effects of poverty by providing low cost reused household items.
Charltable ObJectlve5
To promote and provide education, training and employment opportunities lo persons from any disability group or
those who are socially excluded. FRAME aims to provide pathways to meaningful work, skill development and life-
changing opportunities while championing environmental sustainabilily through reuse and recycling.
Slgnlflcanl acllvltles
The charity's activities include the provision of education, training and employment opportunilies to those with and
recovering frorn menlal ill health andlor a learning disability and for those who are socially excluded. Opportunities are
provided through a community re-use project involving the collection, refurbishment and redistribution of unwanted
furniture and household goods.

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (¢onllnu¢d)
Year ended 31 March 2025
Achievements and performance
Charitable activities
Whilst the year from April 2024 to March 2025 has undoubtedly been challenging, much has been accomplished
through the diverse and highly valued work of Pembrokeshire FRAME. We afe uniquely placed within our county as
the only charity providing supported-employment opportunities via reuse and recycling services. With a hislory going
back over 30 years, we are a well loved and respected anchor organisation in Pembrokeshire.
We continue to operate popular and successful Retall Showrooms at Merlin's Bridge and Pembroke Dock where
high-quality reused furniture and household items are made available at affordable prices to local communities.
Following some renovation and reorganisation in 2024 in each retail space, we have seen continued growth in retail
revenue at both locations, bucking the trend of decline experienced by other charity retail operators nationally.
Sitting alongside, dovelailing with our relail reuse sales, we continue to operate a number of projects, the output of
which rnakes our sales proposition distinctive and with appeal to a wider customer audience.
Our Textlles Acros5 Pembrokeshlre, TAP, project has not only produced a significant increase in retail
sales of our carefully sorted recycled clothing but also includes our own label vintage brand 'Found it at
FRAME" The team's workshops give participants hands-on experience in sorting, repairing, and
repurposing discarded garments, giving them new life for resale in our outlets, extending the life of textiles,
and reducing landfill. The project provides a supported route into textile reuse offering practical skills in
sewing, mending, calegorising, and resale preparation. The TAP project supported 20 participants, repaired
or reused 20,873 garments and delivered 20 workshops. In November 2024, the textile team was
recognised for ils contribution to community development, receiving the Team award from Pembrokeshire
Association of Voluntary Services.
Our specialist Furnlture Surgery operates throughout the week and provides supported training and public
facing 'Fix it Friday workshops These affordable hands-on sessions invite local residents to restore
treasured pieces while learning upholstery techniques. Led by FRAME'S in-house upholstery expert, the
project delivers confidence and skill building for participants of all abilities, teaching volunteers and
participants a wide range of furniture upcycling and upholstery skills. The majority of reupholstered items
are sold in our retail shops promoting circularity and community pride, but a limited number of commissions
are also accepted. The team provided 535 hours of Fix il Friday training, 151 workshop sessions and
diverted 2563kg from landfill. 'It's more than just fixing a chair- it's fixing confidence, People come in unsure
and leave with skills they didn't think they had,
Our 'On8 of a Klnd" celebrates creativity, sustainability, and transformation. The project focuses on
restoring and artistically reimagining older or unusual household items through painting, decoupage, and
woodwork. Supported by a specialist project lead, participants are taught to assess, repair, and enhance
each piece to showroom standard. These products are combined with newly upholstered items in areas of
our retail showrooms that combine in our uniquely curated House of Frame areas. 28 workshops were
delivered and 2823kg were diverted from landfill with the involvement of 88 participants.
'House of FRAME" blends quality, originality and reuse selling donated vintage, high value and unique
reused household items, The shop is entirely staffed by volunteers so makes a valuable contribution to our
bottom line as well as widening our customer base to include those seeking out higher-value items.
Blueskys is a therapeutic gardening and growing initiative supporting wellbeing and environmental
connection through outdoor volunteer work.

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Our wood workshop supports us in mending and reworking wood-content items that we can reuselresell
rather Ihan them being wasted. As in all our projects it also provides valuable skill training opportunities
around wood and furniture reuse. The wide range of repair work Carried out in thè workshop enables
furniture to be restored to a saleable condition and saves wastage.
The Green Shed is our community reuse centre and hub for local engagement, education, and hands-on
volunteering.
Together, these initiatives form a dynamic ecosystem of circular economy activity - supporting people to learn, grow
and contribute, while advancing sustainability across Pembrokeshire.
Additional key areas wilhin our diverse but linked Work portfolio are
Continuing to deliver Pembrokeshire County Council contracts for collection of Bulky Household Wasle and
Second Stage Processing (breaking down components and separating for recycling). FRAME have
operated these conlracls for over eighteen years.
Funded by Wales and West Utilities, our FRAME'S Fuel Poverty Support Project offers direct person-
centred support lo individuals and households facing energy hardship. Through advice, advocacy and
practical help, the team reached over 1,500 people this year, providing targeted assistance al 75 local
events. They distributed 156 warm packs and achieved £24,231 in financial benefit through grants,
vouchers, and cost-saving advice. Support included help accessing DAF payments, Children in Need
essentials, tariff reviews with Dwr Cymru and provision of slow cookers to support energy-efficient cooking.
'Our role isn't just about reducing fuel bills it's about helping people feel supported, valued and more
confident in managing day-to-day challenges, That's what FRAME is all about."
Our Furniture Support service provides and delivers low-cost or funded furniture and household items to
low-income local residents in-need. This service is for people referred to Pembrokeshire FRAME, and has
been partially funded by grants from Pembrokeshire County Council and South Hook LNG.
Frame On-line. FRAME carefully sorts donated goods and lists up to 1000 items per week on various
platforms including Ebay and Vinted.
We began claiming Gift Aid, where applicable, on collections of furniture. This is a revenue stream with
potential lo increase in fulure and is captured and processed by our new EPOS system that h8s also
provided us with greatly improved data on our retail sales mix.
Our Impact In Soclal Value Statlstlcs by Stakeholder- from Soclal Value Engln8
Households helped £1,602,172162.97 % )
Employees benefilling £408,346116.05 % )
Tonnes of C02 saved £178,98617.050/01
People £169,362 (6.660/0)
Volunteer Hours £107,55414.23% )
Tonnes £77,942 (3.060/0)
Our Impact at an Indivldual Level
"Since joining FRAME, I've gained confidence, grown through new skills and support and found a community that's
been there for me both practically and emotionally" Jodie

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conllnued)
Year ended 31 March 2025
"Honestly, this place has changed me. I now feel like I have a purpose in life, I've also learned that when I give people
a chance, l actually like them., Ryan
Mor8 About our Impact
Since being established in 1993, FRAME continues to be a pioneering social enterprise and charity operating across
Wesl Wales and delivering person-centred support, training, and volunteering opportunities through the practical
application of circular economy principles - turning waste into opportunity and exclusion into empowerment. Purpose-
driven, we build inclusive low-carbon Communities by addressing two of society's biggest challenges.. environmental
waste and social inequality. FRAME does this by focusing our impact across four interlinked pillars.
l. People
We tackle social exclusion by providing meaningful training, supported employment and volunteering for people
experiencing disadvantage, including mental health challenges, disability, poverty, or long-term unemployment.
1162 volunteer days contributed.
40 local people employed in reducing the environmental impact of otherwise wasted materials.
1544 individuals supported by our Fuel Poverty Team, accessing guidance, savings, and vital resources.
Inclusive projeds across textiles, furniture, gardening, and retail.
2. Planet
Through reuse, repair and upcycling, we extend the life of materials, reduce landfill and contribute to nalional zero
waste goals.
1001 tonnes of household items collected.
789 lonnes of materials diverted from landfill by being reused or recycled.
First Carbon Impact Report for the organisation completed, informing future steps towards our own net zero future.
3. Place
We operate a network ofwelcoming spaces - from our furniture showrooms to our textile and gardening hubs - where
individuals connect, learn and contribute to their local area.
Projects located in Merlln's Bridge, Pembroke Dock and at the Green Shed
Strong partnerships with Pembrokeshlre County Councll and local organisations
Active presence at 75 communlty events through our fuel poverty work.
4, Practlce
As an anchor organisalion, FRAME plays a strategic role in shaping a circular economy across Pembrokeshire. We
work collaboratively with public, private and third sector partners to share knowledge, strengthen capacity and
champion the integration of social inclusion within environmental solutions.
Strategic alignment with..
Well-being of Future Generations (Wales) Act 2015
Welsh Government's Circular Economy Strategy - Beyond Recycling
UN Sustainable Development Goals (SDGS)
Pembrokeshire County Council Environmental Services Strategy {2025-20301
Ccmmilment to continuous learning and improvement, supported by our first Carbon Impact Report
Strong governance, transparent leadership and embedded co-production values.
Whal we do- Social Value by Outcome
Through our unique, person-centred model of support that combines..
Supported employment and volunteering for people distanced from the labour market.
Training in green skllls, including upcycling textiles, textile repair, gardening, and reuse retail.
Waste reduction through reuse, repair, and circular enterprise - helping to meet Wales's zero waste and
net zero carbon ambitions.
We achieve social value by outcome as follows..

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnued)
Year ended 31 March 2025
Fuel Advice £1,249,894149.12 % )
Families receiving free items £352,278 (13.850/0
Employees £297,932 {11.71 % )
Reduced C02 £178,986 (7.03 /0)
Improved Wellbeing £107,965 (4.240/0)
Volunteering Hours £107,552 {4.23 %)
Employment Training £72,591 (2.850/0)
Reduction in Landfill £63,304 (2.49 % )
Training for Employees £37,82211.490/0)
Daycare Support and activities £33,409 {1.310hl
Service Level Agreements £27,988 (1.100/0)
Charity Shop Activity £14,638 {0.58 % )
(Calculations from Social Value Engine)
Strategic flt and pollcy allgnment
Pembrokeshire FRAME'S work contributes to a wide range of policy goals and frameworks at the local, national, and
global levels. Our activities around reuse. repair, skills development, and inclusion align with Wales's circular economy
ambitions, the Well-being of Future Generations framework, local government strategies, the UN Sustainable
Development Goals ISDGSI, and broader Environmental, Social and Governance (ESGI principles.
FRAME Impact
Area
W8l8h Gov & Local Strategy
Well-belngGoal8
SDGS
ESG Themes
People
Beyond Recycling: Tools for
communily action
PCC Strategy.. Behaviour
chang8, communlty-led reusa
A Prosperous
Wales
Amore Equal
Wales
A Healthlerwales
SDG 4.. Quality
Education
SDG11:
Sustainable
Communities
Social
Iskllls. Inclusion,
wellbeing)
Planet
B8yond RecyclingTargets:.
70% r8cycling by 2025- Zero
Waste to landfill - Net zero
carbon by 2050
PCC Str8tegy: Prevention,
reuse
A Resilient Wales • SDG 12.,
A Globally
Rgsponsible
Responsib18
Consumption
Wales
SDG 13.. Climot8
Action
Envlronmental
(waste, clrcula¥ity,
carbon)
Place
Beyond Recycling: Keeping
resources Ioc81
PCC: Enhancing environmental
sustainabi1Sty
A Wales of
Cohesive
Communities
A Vibrant Culture • SDG 17:
Partnerships
SDG 11..
Sustainable
Communities
Social I
Environmental
(local d8llvery,
community
benefit)
Practlce
Partnership with PCC & third
sector
A Glob811y
Responsible
Wales
SDG 17:
Partnerships for
the Goals
Governance
(accountability,
partnershi psl
Focus on co-design 8nd sh8red
responsibility

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
Delivering the national circular economy strategy
Pembrokeshire FRAME'S mission and operations strongly align with the vision and core principles of 8eyond Recycling
the Welsh Government's strategy to transition Wales to a zero waste, net zero carbon nation by 2050. This strategy
moves beyond traditional recycling to prioritise system-wide circular thinking, with the following guiding principles..
1. Prevention first
FRAME prioritises waste prevention by promoting reuse, repair, and upcycling reducing demand for virgin materials
and landfill. Our social enterprises exiend the life of household items and materials thal would othe￿ise be discarded.
2. Circular thinking across the system
Our model embeds circular economy practices across multiple touchpoints - from retail and education to volunteering
and public partnerships. By making reuse and repair mainstream, we are helping to shift Pembrokeshire's economy
from a linear to a circular System.
3. Making the right thlng the easy thing to do
FRAME provides accessible reuse options through our furniture showrooms, texiile hubs, and community education.
By combining convenience with affordability, we enable sustainable choices for all, including low-income households.
4. Keeping resources local
AII FRAME activities are rooted in local communities. We keep valuable materials, skills, and enterprise within
Pembrokeshire, supporting local jobs, supply chains, and wellbeing through resource stewardship.
S. Shared responslbllSty
We work closely with local authorities, businesses, and community organisations to co-deliver circular economy
outcomes. FRAME is a practical example of shared responsibility in action
where citizens, Ihird sector, and
government collaborate on sustainable solutions,
6. Evldence-based actlon
FRAME monitors ils environmental and social impacts, using real data to drive decisions and improve services. Our
conlribulions to waste diversion, skills development, and community wellbeing support the broader outcomes of the
circular econorny transition.
7. A Just transltlon
At the heart of our work is a commitment to inclusion, fairness, and opportunity. FRAME supports individuals facing
barriers - such as poverty, disability, or mental health challenges to access meaningful work and build green skills
for the future.
Together, these principles reflect the ethos of Pembrokeshire FRAME and reinforce our role as a community-based
driver of Wales's circular economy transformation.
Delivering th8 Future Genoratlons Well-belng Goals
Pembrokeshire FRAME'S projects deliver tangible, local impact that aligns closely with the seven well-being goals
enshrined in the Well-being of Future Generations Act. Below, we map our core activilies and outcomes to each goal,
demonstrating our contribution to building a more sustainable, inclusive, and resilient Wales.
1. A Prosperous Wales
A nation that develops a skilled and well-educaled populalion.. and which encourages a low carbon society.
FRAME Contribution:
Skills development and employability through creative reuse and repair workshops..
TAP project leaches sewing ancl textile repair, with three staff employed and 20 participants supported.
Furniture Surgery teaches volunteers upholstery and upcycling skills, with weekly training sessions and
public "Fix it Friday" workshops.
One of a Kind and wood workshop projects build skills in furniture restoration, woodwork, and creative
design.
Our projects generate green job pathways and build local capacity for low-carbon enterprise.
2. A Resilient Wales
A nation which maintains and enhances a biodiverse natural environment, with healthy functioning ecosystems.. and
which supports global sustainability.

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
FRAME Contribution:
Diverted 1,001 tonnes of household items from landfill.
Reused or recycled an additional 789 tonnes of materials.
PreseNed the useful life of textiles, wood, and furniture conserving raw materials and prolecting natural
habitats.
Initiated our first Carbon Impact Report, laying the groundwork for planned reductions toward net zero.
3. A Healthier Wales
A society in which people's physical and mental well-being is maximised and in which choices and behaviours that
benefit future health are understood.
FRAME Contrlbutlon:
Volunteer and training programmes provide purpose, structure, and mental wellbeing benefits to individuals
facing challenges such as mental health issues, poverty, and social isolation.
Fix it Friday and TAP sessions foster community participation and emotional fulfilment through creative
activity.
A safe, supportive environment for participants to rebuild confidence and self-worth.
4. A More Equal Wales
A society that enables people to fulfil their potential no matter what their background or circumstances.
FRAME Contrlbutlon:
Delivers inclusive opportunities for individuals facing barriers such as..
Disability
Unemployment
Mental ill health
Fuel poverty
TAP, Furniture Surgery, and One of a Kind projects actively support people who have been excluded from
mainslream training or employment.
The Fuel Poverty Support Team supported 1,544 individuals, providing £24,231 in direcl financial benefils
and critical advocacy for essenlial services access.
S. A Wales of Coheslve Communltles
Attractive, viable, safe, and well-connected communilies.
FRAME Contrlbutlon:
Our retail showrooms and reuse hubs are community anchors that bring people together around shared
values of sustainability and inclusion.
75 community events delivered through our fuel poverty work strengthened connections across
Pembrokeshire's neighbourhoods.
TAP, Furniture Surgery, and public workshops create spaces of belonging and contribution, especially for
those at risk of exclusion.
6. A Wales of Vlbrant Culture and Thriving Welsh Language
A society that promotes and protects culture, heritage, and the Welsh language.
FRAME Contrlbutlon:
Restores and celebrates traditional furniture and textile skills, keeping craft heritage alive through hands-
on learning.
Our creative reuse projects honour local resourcefulness and craftsmanship, integrating old with new in
ways that reflect Pembrokeshire'5 identity.
FRAME'S activities are place-based and rooted in local character, contributing to cultural resilience.
7. A Globally Responsible Wales
A nation which lakes account of whether doing something could make a positive contribution to global well-being.

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report) fcontlnued)
Year ended 31 March 2025
FRAME Contribution:
Aligned with the UN Sustainable Development Goals (SDGS 4, 11, 12, 13, and 17).
Our activities reduce demand for imported goods and virgin materials, lowering global resource pressures.
Carbon Impact Report commissioned in 2024 signals FRAME'S commitment to climate responsibility, wilh
planned actions toward net zero.
Contributes to national targets such as Zero Waste by 2050 and a Nel Zero Wales
From Setbacks to Success
Our deficit in the 2024125 financial year is largely the result of statulory minimum wage increases and higher utility
costs, combined with a reduction in grant funding.
Current Improvements
During the year, Pembrokeshire FRAME has undergone considerable organisational change within both the
Management and the Board. Our previous Chief Officer resigned and our long-standing previous Chair retired. 4
members ofthe Management team left the charity, two through planned retirements and the other to pursue new
opportunities.
Thenewchair, Board, ChiefExecutive Officer and Managers are all aligned with a drivelo see Pembrokeshire FRAME
not just survive bul thrive.
The new CEOS first priority was to conduct an in-depth consultalion with staff 8nd stakeholders to establish how and
what people felt about FRAME and its missions and values. From this period of consultation, already in 2025 FRAME
have made changes and improved communications in the following areas..
Updated our mission, vision and values in association with the both internal and external stakeholders
Improved internal communications by reinstating regular meeting of managers and teams
Ensured that our Members Council has resumed a regular meeting schedule and operates al the core of
the charity as intended
Met regularly with Pembrokeshire County Council and other external stakeholders like Bluestone re current
and future contract opportunities
Increased networking in the areas of reuse and sustainability
Further improved Pembrokeshire FRAME as an oulward looking organisation, keen to Collaborate on any
beneficial opportunities
More regular dialogue with our accountants and auditors
Ellen commented I was incredibly proud to take over the helm of this long-eslablished anchor charity in November
2024. FRAME has a well-deserved reputation to uphold in the community for supporting local vulnerable adults via
engagement in the reuse, upcycling, and recycling of polentially wasted household items. Diverting over 1000 tonnes
of othe￿iSe 'landfilled" materials for reuse or recycling this year is incrediblel Most important of all is the fact that
FRAME has been able to provide a valuable and supported place of work to 96 supported participants Ihis year, with
over a thousand hours provided to help individuals gain the self-confidence and skills that supported employment
providesl"
The Board has a new Chair, with experience of Accountancy, Marketing and Fundraising. Adrian Harris, a qualified
Chartered Accountant has been appointed Treasurer and two Trustees appointed in December bring their valuable
experiences to the Board covering marketing and communications, charity sector experience, education, training and
neurodiversity. The Board plans to run a renewed board recruitment in quarter three this year, further strengthening
the board.
10

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) {conllnugd)
Year ended 31 March 2025
Future Plans
in 25126 we have secured the services of the Cranfield Trust who are helping us to achieve better financial budgeting,
forecasting, and business planning and have on-boarded an experienced Financial Manager, both of whom have
already provided immensely valuable advice, support, and financial modelling.
In 25126, via our new CEO we are developing new revenue streams based on our existing resources and expertise,
including new funding support for our supported-employmenl work.
In 25126, we are building a stronger management and board capacity with a new senior leadership group made up of
locally experienced skilled individuals who bring growth and innovation capacity during this transitional period.
In 25126 we are developing our staff and volunteer workforce, including introducing a new Volunteer and Supported
Employment Strategy and a Three Corner Stone Staff Commitment Plan.
In 25126 we are developing new links for supported employment including via Access to Work ad Pembrokeshire
Council's supported employment Do IT framework
In 25126 we are pursuing our provision of green skills via starting lo operate the planned-for Footholdl Planed Lottery
funded 16 - 25-year Green Skills project for West Wales.
In 25126, we have increased our funded Pembrokeshire College training provision threefold for the school year from
September 2025.
In 25126 we are growing our partnership with Bluestone Wales and our providing circular services and sust8inable
wooden Ihal will continue to grow.
In 25126, with another yeals funding for our Fuel Poverty Project from Wales & West, with potential for uplift in project
services via our growing stakeholder provision for the Warm Wales agenda in the region.
In 25126 we will produce a carbon reduction plan further contributing to regional Zero Waste and Net Zero strategies.
In 25126 we will engage with our local authority better to provide increased contract services relating to housing,
supported employment and reuse services.
Thank youl
The Board of Directors want to thank all the participanls, volunteers and staff for their continuing hard work and
amazing comrnilment to the work of Pembrokeshire FRAME Ltd. during this period. We would also like to extend our
sincere thanks to all those who have contributed funding, time, expertise, and encouragement in supporting our
mission of creating opportunities for people, protecting the planet, and promoting community-led change. On an
individual level we thank all our customers and donors. At an organisation level we are grateful to..
Pembrokeshire County Council
Welsh Government
WCVA (Wales Council for Voluntary Action)
PAVS {Pembrokeshire Association of Voluntary Services)
Wales and West Utilities
The Moondance Foundation
South Hook LNG

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (Contlnued)
Year ended 31 March 2025
Revised Mission, Vision and Values
Misslon
FFIAM E promotes social inclusion through meaningful supported reuse and upcycling training and services. It also
reduces carbon and helps alleviate the effects of poverty by providing low-cost reused household items.
Vlslon
To cultivate a community where individuals of all abilities thrive and are rewarded to drive positive change towards a
fairer and more sustainable local economy via the provision of reuse and recovery se￿iCe5.
Valu&s
R- To treat all staff, clients and individuals with kindness and RESPECT.
To be EMPOWERING to all staff, clients and volunteers.
S To act in a SUSTAINABLE manner as an organisation, valuing materials and aiming to reduce FRAME'S
environmental impact al all times.
P- to behave and act PROFESSIONALLY while working for FRAME.
E - to be EMPATHETIC and non-judgemenlal when dealing wilh all inlernal and external stakeholder groups.
C - lo COMMUNICATE in an open and responsive manner actively listening and acting on participant responses and
feedback.
T - lo be TOLERANT and fair, respecting diversity, inclusivity and confidentiality in all aspects of the organisalion,
operations.
Ensuring we dèliver our needs
We have recently completed a comprehensive review of our aims and objectives. This review, which involved both
internal and external stakeholders is what has resulted in refreshed and more current mission, vision and values
statements, which are still in accordance with our original aims and objectives. The mission, vision and values are
regularly and widely circulated within the charily to guide our activities and behaviours. We have referred to the
guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and
objectives and in planning our future activities.

Pembrokeshire Frame Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Financlal revlew
Reserves poll¢y
The Iruslees believe that the charity should hold financial reserves (the "Emergency Operating Reserve"
because..
EOR)
1 It has no endowment funding and is entirely dependenl for income upon retail trading, donor funding, contracts from
year lo year which is inevitably subject to fluctualion.,
2 It requires protection against and the ability to continue operating despite catastrophic or lesser damaging events.
The Iruslees believe that the ideal level of the EOR should be the equivalent of six months operating costs calculated
and reviewed annually and believe that the EOR should be built up to the desired level in stages consistent with Ihe
charity's overall financial position and its need to maintain and develop its charitable activities. In the short term the
trustees aim to reach an EOR of 3 months operating costs but are aware of the need to return to achieving a surplus
in order to facilitate this.
The current level of the EOR is £19D,000, wilh essential running costs currenlly amounting lo approximately £89,000
per month based on existing contracts giving a target EOR of £534,000. Efforts to build up the EOR to this level will
continue in line with this policy, but with Ihe shorter term objective of reaching 3 months of operating costs totalling
£267,000 at current rates.
Results
The charity is reporting an overall deficit for the year ended 31 March 2025 of £76,099 compared with a deficit of
£45,183 in 2024. The deficit for the year has decreased funds carried forward from £1,684,48210 £1,608,383 of which
£482,411 relate5 to restricted funds.
The level of unrestricted reserves at the balance sheet date was £1,125,972.
Investment powers
Under the memorandum and articles of association, the charity has the power to make any investment which the
trustees see fit. In view of the reserves position, the charity currently uses only interest earning bank accounts.
Independent exarnlner
A resolution to reappoint Evens & Co Ltd as independent examiners to the charity will be proposed at the annual
general meeting.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
The Iruslees, annual report was approved on 6 October 2025 and signed on behalf of the board of trustees by..
ri
Mrs E A Clarke
Chair
13

Pembrokeshire Frame Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Pembrokeshire Frame Limited
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Pembrokeshire Frame Limited {'the charity,)
for the year ended 31 March 2025,
Responslbllltles and basis of report
The charity's trustees are responsible for the preparation of the accounls. The charity's trustees consider that an audit
is not required for Ihis year under section 144 of the Charities Act 2011 1"Ihe Charities Act") and that an independent
examination is needed. It is my responsibility to
examine the accounts under section 145 of the Charities Act,
lo follow the procedures laid down in the general Directions given by the Charity Commission (under section
145(5llb) of the Charities Act, and
to slate whether particular matters have come to my attention.
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide
all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts
present a 'true and fair view, and the report is limited to those matters set out in the next stalement.
Independent examlnerfs statement
Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145
of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of
Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
In connection with my examination, no matter has come to my attenlion which gives me cause to believe that in, any
material respect..
the accounting records were not kepl in accordance with section 130 of the Charities Act., or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 otherthan any requirement that the accounts give
a'lrue and fair, view which is not a matter considered as part of an independent examination.
I have come acro55 no other matters in connection with the examination to which attention should be drawn in this
report in order to enable a proper understanding of the accounts to be reached.
Bruce Evens (Senior Independent Examiner)
Independent Examiner
Hamilton House
Hamilton Terrace
Milford Haven
Pembrokeshire
SA73 3JP
14

Pembrokeshire Frame Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds
2024
Unrestricted
funds
Total funds
Total funds
Notè
Income and endowments
Donations and legacies
Charitable activities
Investment income
other income
60,245
839,171
4,491
17,330
60,245
905,615
4,491
17,330
18,362
946,718
3,358
13,981
66,444
Total income
921,237
66,444
987,681
982,419
Expenditure
Expenditure on charitable activities
Total expendlture
9,10
(982,028)
1982,028}
181,752) 11,063,780) (1,027,602)
{81,7521 11,063,780) (1,027,602)
Net expenditure
160,7911
(15,308)
176,099}
(45,183)
Transfers between funds
720,730
(720,730)
Net mov8rn8nt In funds
659,939
(736,038)
(76,0991
145,1831
Reconclllatlon of funds
Total funds brought forward
Total funds carrled fOr￿ard
466,033
1,218,449
1,684,482
1,729,665
1,125,972
482,411
1,608,383
1,684,482
The statement of financial activities includes all gains and losses recognised in the year.
All incorne and expenditure derive from continuing activities.
The notes on pages 18 to 28 form part of these financial statements.
15

Pembrokeshire Frame Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
Investrnents
17
18
1,181,096
1,201,954
1,181,097
1,201,954
Current assets
Stock
Debtors
Cash at bank and in hand
19
20
3,270
65,971
684,057
5,363
27,816
777,798
753,298
810,977
Credltors: amounts falllng due wlthln one year
Net current assets
21
(65,7721
(54,092)
756,885
687,526
1,868,623
Total assets less current Ilabllltles
1,958,839
Credltors: amounts falllng due after more than one year
Net assets
22
{260,240)
1,608,383
(274,357)
1,884,482
Funds of the charlty
Restricted funds
Unrestricted funds
482,411
1,125,972
1,608,383
1,218,449
466,033
Total charity funds
23
1,684,482
For the year ending 31 March 2025 the charity was entitled to exemplion from audit under section 477 of the
Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of ils financial statements for the year in question
in accorclance with section 478.,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to
the Small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 6 October 2025, and
are signed on behalf ofthe board by..
f [4 ILL
Mrs E A Clarke
Chair
The notes on pages 18 to 28 fomi part of these tlnanclal statements.
16

Pembrokeshire Frame Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operatlng actlvltles
Nel expenditure
176,099)
{45,183)
Adjustm8nls for
Depreciation of tangible fixed assets
other interest receivable and similar income
InteTesl payable and similar charges
Lossl(gainsl on disposal of tangible fixed assets
31,411
(4,491)
28,245
8,953
34,358
13,3581
31,270
(88,806)
Changes in..
stock
Trade and other debtors
Trade and other creditors
2,093
138,165)
16,122
131,9211
11,3501
32,933
19,7701
(49,906)
Cash generated from operations
Interest paid
Interest received
128,2451
4,491
(31,270)
3,358
Net cash used in operaling activities
(55,6751
(77,818)
Cash flows from Investlng actlvltles
Purchase of tangible asset5
Proceeds from sale of tangible assets
Acquisition of subsidiaries
Net cash (used inllfrom investing aclivities
(19,606)
(22,939)
220,999
11)
(19,507)
198,060
Cash flows from flnanclng actlvllles
Proceeds from borrowings
Proceeds fiom hire purchase agreements
Net cash used in financing activities
(12,068)
(6,4911
118,559)
(11,279)
{9,7611
(21,0401
Net Ide¢reaselllncrease In cash and cash equlvalents
Cash and cash equivalents at beglnnlng of year
Cash and cash equlvalents at end of year
193,741)
777,798
99,202
678,596
684,057
777,798
The notes on pages 18 to 28 form part of these financlal statements.
17

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Ststements
Year ended 31 March 2025
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and
Wales and a registered charity in England and Wales. The address ofthe registered office is Old Press Buildings,
Old Hakin Road, Merlin's Bridge, Haverfordwest, Pembrokeshire, SA61 1XF.
Statement of compllance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard
applicable in the UK and the Republic of Ireland,, the 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 1021 (Charities SORP IFRS 102)) and the Companies Act 2006.
Accountlng pollcles
Basls of preparatlon
The financial statements have been prepared on the historical cost basis. as modified by the revaluation of
certain financial assets and liabilities and investment properties measured at fair value through income or
expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entily.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the cosls of
trustee meetings and the cost of any legal advice to trustees on governance or constitulional matters.
Taxatlon
The charity is exempt from corporation lax on its charitable activities.
Capltal goods scheme
Under the capital goods scheme which is followed by the charily, differences are written off to the profit and loss
in the year they occur.
Judgements and key sourc88 of e8tlmation uncertalnty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affecl the amounts reported. These estimates and judgements are continually reviewed and
are based on experience and other factors, including expectations of future events that are believed to be
reasonable under the circumstances.
Fund accounting
Unre51ricted income funds are general funds that are available for use at the trustees, discretion in furtherance
of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is
restricted lo that area or purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
18

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢onflnuedJ
Year ended 31 March 2025
Accounting pollcles (contlnued)
Incoming resources
All incoming resources are included in the statement of financial activities when enlitlement has passed to the
charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the
amount can be reliably measured. The following specific policies are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is
probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured atthe fair value ofthe goods unless this is impractical to measure
reliably, in which case the value is derived from the cost to the donor or the estimated resale value.
Donated facilities and services are recognised in the accounts when received if the value can be reliably
measured. No amounts are included for the contribution of general volunteers.
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 returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified under headings of the statement of financial activities to which it
relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-charilable trading
activities, and Ihe sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that
further its charitable aims for the benefit of its beneficiaries, including those support costs and costs
relating to the governance of the charily apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of
its expenditure on charitable aclivilies.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct cosls attributable to a
single activity are allocated directly to that activity. Shared costs are apportioned between the activities they
contribute to on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently slated al cost less any accumulated depreciation
and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the
dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment
losses.
Depreclation
Depreciation is calculated so as to wrile off the cost or valuation of an asset, less its residual value, over the
useful economic life of that asset as follows..
Land and buildings
Other plant and machinery etc
20/0 Straight line
150/0 and 25,/0 on a reducing balance basis
19

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnuedJ
Year ended 31 March 2025
Accounting policies (Contlnued)
I nvestments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value
cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or
expenditure.
lrnpalrment of fixed assets
A ieview for indicators of impairmenl is carried out at each reporting date, with the recoverable amount being
estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is
irnpaiied accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an
individual asset, an estimate is made of the recoverable amount of the cash-generaling unil lo which the asset
belongs. The cash-generating unil is the smallest identifiable group of assets that includes the asset and
generates cash inflows that largely independent of the cash inflows from other assets or groups of assets,
stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost
includes all costs of purchase, costs of conversion and olher costs incurred in bringing the stock to its present
location and condition.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any relaled
transaction costs, unle55 the arrangement constitutes a financing transaction, where it is recognised at the
present value of the future payments discounted at a market rate of interesl for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash amount or other consideration
expected lo be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Llmlted by guarantee
The company is limited by guarantee and therefore does not have any share capital.
The liability of the members in the event of the company being liquidaled is limited to £1 per member.
Donations and legacies
Unrestricted Total Funds
Funds
2025
Unreslricted
Funds
Total Funds
2024
Donatlons
Donations
10,245
10,245
18,362
18,362
20

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements (Conllnued)
Year ended 31 March 2025
Donations and legacles (contlnued)
Unrestricted Total Funds
Funds
2025
Unrestricted
Funds
Total Funds
2024
Legacies
Legacies
50,000
so,000
60,245
60,245
18,362
18,362
Charitable activities
Unrestricted
Funds
Restricted Tolal Funds
Funds
2025
Retail
Grants
PCC and other contracts
507,443
507,443
66,444
331,728
905,615
66,444
331,728
839,171
86,444
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Retail
Grants
PCC and other contracts
525,776
40.000
315.864
525,776
105,078
315,864
65,078
881,640
65,078
946,718
Investment Income
Unrestricted Total Funds
Funds
2025
Unrestricted
Funds
Total Funds
2024
Deposit account interest
4,491
4,491
3,358
3,358
Other Income
Unrestricled Total Funds
Funds
2025
Unrestricted
Funds
Total Funds
2024
Rental income
17,330
17,330
13,981
13,981
21

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnuedJ
Year ended 31 March 2025
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Retail
PCC contracts
Other contracts
Support costs
379,668
232,158
25,624
344,578
34,062
42,940
4,750
413,730
275,098
30,374
344,578
982,028
81,752
1,063,780
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Retail
PCC contracts
Other contracts
Support costs
321,248
196,576
17,598
352,958
102,677
36,545
423,925
233,121
17,598
352,958
888,380
139,222
1,027,602
10. Expendlture on charltable actlvltles by actlvlty type
Activities
undertaken
directly Support costs
Total funds
2025 Total fund 2024
Retail
PCC contracts
Other contracts
Goveinance co818
413,730
275,098
30,374
200,655
122,695
13,537
7,691
614,385
397,793
43,911
7,691
1,063,780
630,924
360,676
28,812
7,190
719,202
344,578
1,027,602
11. Analysis of support costs
Analysis of
support costs
Total 2025
Total 2024
Staff costs
Premises
General office
Finance costs
Governance costs
159,271
125,244
25,229
27,143
7,691
159,271
125,244
25,229
27,143
7,691
160,939
118,026
35,897
30,906
7,190
344,578
344,578
352,958
12. Net expenditure
Net expenditure is staled after chargingl(creditingl'.
2025
2024
Depreciation of tangible fixed assets
31,411
34,358
22

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
13. Independent examiners fees
2025
2024
Fees payable to the independent examiner for-.
Independent examination of the financial statements
7,691
7,190
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Social security costs
726,998
49,283
776,281
702,752
45,438
748,190
The average head count of employees during the year was 42 (2024.. 42). The average number of full-time
equ ivalenl employees during the year is analysed as follow5..
2025
No.
2024
No.
Number of employees
42
42
No employee received employee benefits of more than £60,000 during the year {2024.. Nil).
15. Trustee remun8ratlon and expenses
None of the trustees have been paid any remuneration (2024 £nill or received any other benefits from an
employment with their charity or a relaled entity.
16. Transfers between funds
In accordance with S214(el of SORP 2005 the value of fixed assets has been Iransferred from restricted lo
unreslricled funds as the assel has been purchased from a restricted fund donation but the asset is held for a
general and not a restricted purpose.
17. Tanglble flxed assets
Land and Other plant and
buildings
machinery elc
Total
Cost
Al 1 April 2024
Additions
Disposals
At 31 March 2025
1,383,825
19,506
199,849
1,583,674
19,506
(23,738)
1,579,442
(23,738)
176,111
1,403,331
Depreciatlon
Al 1 April 2024
Charge for the year
Disposals
At 31 March 2025
219,017
25,407
162,703
6,004
114,7851
153,922
381,720
31,411
(14,785)
398,346
244,424
Carrying amount
At 31 March 2025
1,158,907
22,189
1,181,096
1,201,954
At 31 March 2024
1,164,808
37,146
23

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2025
17. Tangibl8 fixed assets (contlnued)
Flnanc8 leases and hlre purchase contracts
I ncluded within the carrying value of tangible fixed assels are the following amounts relating to assets held under
finance leases or hire purchase agreements..
Motor
vehlcles
At 31 March 2025
7,752
Al 31 March 2024
17,749
18. Investments
Shares In
group
undertakings
Cost
Al 1 April 2024
Additions
At 31 March 2025
lrnpalrment
At 1 Aprll 2024 and 31 March 2025
Carrylng amount
At 31 March 2026
Al 31 March 2024
All investments shown above are held at cost.
The Ch8rily owns 1000/¢ ofthe share capital of Pembrokeshire Frame Enterprises Limited, a company reglstered
in England and Wales. Pembrokeshire Frame Enterprises Limited was incorporated on 5 July 2018 and has nol
traded in the yearto 31 March 2025. Underthe provision of section 398 of the Companies Act 2006 the company
is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information
about the Charity as an individual entity.
19. Stocks
2025
2024
Stock
3,270
5,363
20. Debtors
2025
2024
Trade debtors
other debtors
2,877
63,094
23,129
4,687
65,971
27.816
Other debtors includes an amount of £nil (2024 £nill falling due after more than one year.
24

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements l¢ontlnuedJ
Year ended 31 March 2025
21. Creditors: amounts falling due wlthln one year
2025
2024
Loans and overdrafts (secured)
Trade creditors
Hire purchase agreements (secured)
Social security and other taxes
Other creditors
13,773
11,730
1,132
20,441
18,696
65,772
12,856
9,805
6,491
16,758
8,182
54,092
The loan facilities are secured by legal charges held by Pembrokeshire Counly Council over the properties of
the company.
The hire purchase creditors are secured against the assets to which they relate.
22. Ciedltors: amounts falllng due after more than one year
2025
2024
Loans and overdrafts (secured)
Hire purchase agreements Isecuredl
260,240
273,225
1,132
260,240
274,357
Included within creditors.. amounts falling due after more Ihan one year is an amount of £194,015 {2024'.
£221 ,801 } in respect of liabilities payable or repayable by instalments which fall due for payment after more Ihan
five years from the reporting date.
Monthly repayments of £2,781.37 due on the 25th of each month and an interest rale of 7.140/0 applies to the
mortgage.
23, Analysls of charltable funds
Unrestricted funds
At
Transfers 31 March 202S
At 1 April 2024
Income
Expenditure
General funds
466,033
921,237
{982,0281
720,730
1,125,972
Al
Transfers 31 March 2024
At 1 April 2023
Income
Expenditure
General funds
437,072
917,341
(888,380)
466,033
Unrestricted income funds are general funds Ihat are available for the use al the trustees, discretion in
furtherance of the objectives of the charity.
2S

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements {conlinuedJ
Year ended 31 March 2025
23. Analysis of charitable funds (continued)
Restricted funds
At
Transfers 31 March 2025
Al 1 April 2024
Income
Expenditure
PCC grant new building
PCC grant refurbish
existing building
Zero waste schools
WCVA- Penny the Polar
Bear
P. Dock Community Fridge
570,879
(570,8791
149,851
462,000
(149,851)
462,000
1,494
1,569
(1 ,494)
{1 ,569)
Moondance Foundation
PCC- Homeless Support
Grant
Lloyds Bank Foundation
Hywel Davies Trust-
Wellbeing Grant
Hywel Davies Trust- Core
Funding Grant
Wales & Wesl Utilities -
Fuel Poverty
M Davies Charity-
Restricted Grant
WCVA- Sustainable
Fashion Restricted
National Lottery - Awards
for All
Soup Making Project
South Hook LNG - Grant for
deliveries for people in
CflSIS
4,855
19,250
(5,358)
18,747
4,246
(4,248)
15,000
(15,0001
2,060
30,548
(31,1941
1,414
1,221
{1,221)
10,646
110,646)
5,274
(5,274)
(1,0001
1,000
5,000
(4,750)
(81,7521
250
1,218,449
66,444
(720,730>
482,411
26

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements (eonllnued)
Year ended 31 March 2025
23. Analysis of charitable funds (¢ontlnu•dJ
At
Transfers 31 March 2024
At 1 April 2023
Income
Expenditure
PCC grant new building
PCC grant refurbish
existing building
Zero waste schools
WCVA- Penny the Polar
Bear
P. Dock Community Fridge
Noondance Foundation
PCC- Homeless Support
Grant
Lloyds Bank Foundation
Hywel Davies Trust -
Wellbeing Grant
Hywel Davies Trust - Core
Funding Grant
Wale5 & West Utilities-
Fuel Poverty
M Davies Charity-
Restricted Grant
WCVA - Sustainable
Fashion Restricted
National Lottery - Awards
for All
Soup Making Project
South Hook LNG - Grant for
deliveries for people in
crisis
570,879
570,879
149,851
462,000
149,851
462,000
1,494
1,569
4,543
1,494
1,569
4,855
24,910
124,5981
3,778
25,565
468
4,246
{25,565)
11,284
(11,284)
30,000
(15,000)
15,000
(1,167)
25,000
121,7731
2,060
5,000
(3,7791
1,221
27,797
127,7971
9,700
5,000
(4,426)
15,000)
5,274
1,292,593
65,078
(139,222)
1,218,449
PCC grant new building grant received to fund new Merlin's Bridge Property - the Green Shed.
PCC grant refurbish existing building grant received to refurbish existing Merlin's Bridge property.
Zero Waste Schools- grant received lo run pilot project to increase recycling in schools. This project was paused
during covid and then éiscontinued due lo changes in legislation. Pembrokeshire FRAME are in negotiations
with PCC and Welsh Government lo use the funds for a similar project.
WCVA- Penny the Polar Bear- grant to set up new mascot and campaign
Pembroke Dock Comm Fridge - grant received to set up community fridge project
Moondance Foundation - grant received for wages and training for re-upholstery support worker
PCC - Homeless Support Granl - grant received to provide furniture when re-homing homeless Citizens
Lloyds Bank Foundation - grant received for core funding
Hywel Davies Trust - Wellbeing Grant- grant received lo support employmenl of a well-being support worker
Hywel Davies Trust- Core Funding Grant- grant received to help cover increased utility costs.
27

Pembrokeshire Frame Limited
Company Limited by Guarantee
Notes to the Financial Statements fconlinuedj
Year ended 31 March 2025
23. Analysls of charitable funds (¢onllnued)
Wales & West Utilities - Fuel Poverty - grant received to support the Fuel Poverty Officer raise awareness
M Davies Charity- Restricted Grant - grant received to support the reopening of our kitchen to provide meals
WCVA- Sustainable Fashion Restricted - grant received to improve the reuse of clothing donated lo the charity
National Lottery Awards For All- grant received for wages and equipment for new staff for painted furniture
Soup Making Project - grant received to provide soup makers, ingredients and recipe cards for disadvantaged
South Hook LNG - grant received to provide delivery services for furniture to people in crisis
24. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Investments
Current assets
Creditors greater than 1 year
Net assets
1,181,096
1,181,096
205,115
(260,2401
1,125,972
482,411
687,526
1260,240)
1,608,383
482,411
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Tangible fixed assets
I nveslments
Current assets
Creditors greater than 1 year
Net assets
445,405
756,549
1,201,954
294,985
(274,357)
466,033
461,900
756,885
(274,357)
1,684,482
1,218,449
26. Analysls of changes In net debt
At 1 Apr 2024
Cash flows At 31 Mar 2025
Cash at bank and in hand
Debt due within one year
Debt due after one year
777,798
119,347)
(274,357)
484,094
(93,7411
4,442
14,117
684,057
(14,905)
1260,240
408,912
175,1821
28

Pembrokeshire Frame Limited
Company Limited by Guarantee
Management Information
Year ended 31 March 2025
The followlng pages do not form part of the flnanclal statements.
29

Pembrokeshire Frame Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
Income and endowments
Donations and legacles
Donations
Legacies
10,245
50,000
18,362
60,245
18,362
Charitable actlvltles
Retail
Grants
PCC and other contracts
507,443
66,444
331,728
525,776
105,078
315,864
905,615
946,718
Investment Income
Deposit account interest
4,491
3,358
Other Income
Rental income
17,330
13,981
Total Income
987,681
982,419
Expendlture
ExpendSture on charltable actlvltles
Purchases
Wages and salaries
Employer's NIC
Repairs and maintenance
Other establishment
Motor vehicle expenses
Legal and professional fees
Other office costs
Depreciation
Interest on bank loans and overdrafts
other interest payable and similar charges
Volunteer expenses
Staff training
Capital goods scheme & partial exemption
ProfiV(lossl on disposal of fixed asset
(25,607)
1726,998>
149,283)
19,7391
174,409}
{50,8271
{14,0321
<32,1931
(31,4111
(5,7141
(22,5311
(9,801)
12,282)
(106,1961
(702,7521
(45,4381
114,4531
165,4021
148,8761
{30,545)
{26,452)
<34,358)
{7,5731
(23,697)
(10,2521
(2,6541
2,240
88,806
18,963
(1,063,780) (1,027,602)
Total expenditure
(1,063,780) 11,027,602)
Nel expenditure
176,099
(45,183)
30