2024-03-31-accounts

REGISTERED COMPANY NUMBER: 04440970 REGISTERED CHARITY NUMBER: 1095035 REPORT OF THE TRUSTEESAND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SWANSEAAND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY (A COMPANY LIMITED BY GUARANTEE) KNOWN AS FAITH IN FAMILIES nF li ighter

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Chairperson's Report Report of the Trustees 2-24 Report of the Independent Auditor 25-28 Statement of Financial Activities 29 Balance Sheet 30-31 Cash Flow Statement 32 Notes to the Cash Flow Statement 33 Notes to the Financial Statements 34-47

SWANSEAAND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES CHAIRERSON'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 As the new Chair of Trustees for Faith in Families (Swansea and Brecon Diocesan Board for Social Responsibility) it would be remiss of me not to stsrt by acknowledging the work of the outgoing Chair, the Venerable Alan Jevons, Archdeacon of Brecon. On behalf of the Board, I would like to thank Alan for his ten years of Servi￿ as Chair of Trustees during which he steered the organisation to navigate challenging times and develop. 2023124 was a notable year in the fact that it was the 25th year of the existence of Faith in Families. Whilst incredibly important to acknowledge that milestone it was sobering to think that a quarter of a century since its inception the services provided by Faith in Families are needed now more than ever. As a Board we are extremely proud that the organisation has continuously developed and adapted its seNices over that time, to be as responsive as possible to meet the needs of the children and their families in the communities we serve. As a Board we extend our heartfelt thanks to our incredibly adaptive and passionate staff team. Their empathy and understanding of the situations the children and families we support find themselves in is truly inspiring. Research has shown 'stigma is a powerful glue that holds poverty in place, enabling and exacerbating inequalities of wealth, health and opportunity., (JRF 2024). Our staff understand this and through our Community Cwtches, Day Care provision, Brighter Futures and Inspiring Futures projects, and St Johns wellbeing Centre, they work tirelessly with individuals and groups, treating people with respect and dignity, encouraging and enabling them to develop the tools they need to fulfil their potential despite whatever life has thrown at them to date. 2023124 was certainly a busy year that saw more changes within the organisation than in previous years. We welcomed new Board members that keptthe commitmentto diversify the makeup of the Board. Awareness of the organisation grew exponentially thanks to the support of the local business community, many of whom adopted Faith in Families as their Charity of the Year. Their support financially and'in kind, has been incredible both in terms of physical changes e.g. the new roof at St Teilo's and. helping to raise awareness and create a wider understanding of the causes and cOnsequen￿S of povety in our communities. The launch in March 2024 of Cwtch Mawr, Wales's only Multibank was something of a shift in service provision but the impact of that seNice will provide interesting reading in the 2024125 report. I have worked for almost thirty years in roles that have focused on tackling povety, and it is heartbreaking to think that poverty levels in the UK today are as bad as they have been for decades. Current levels of povety in the U.K. are 50 % higher than they were in the 1980s. However, now is not the time to be either complacent or fatalistic about poverty levels. Now, more than ever it is important to focus on making a difference and doing all that we can individually and collectively to.. continue to deliver our extraordinary services to improve the very real day to day impact living in povety has on children and their families. continue to offer the training and support and advice to parents so that they can be the positive role models they want to be for their Children, start using our ne￿Ork of influence to better inform people of the extent of poverty in our communities and develop a movement for change so that we can be part of a campaign to bring about the policy changes to minimise the number of people experiencing povety. Karen Devonshire Chair, Swansea and Brecon Diocesan Board of Social Responsibility Page 1

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their reportwith the financial statementsof the charityfor the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The report is also prepared in accordance with the small company regime (Section 419(2) of the Companies Act 2006). REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04440970 Registered Charity number 1095035 Registered office Teilo's Community Cwtch 62 Cheriton Crescent Portmead Swansea SA5 SLA Trustees and Board Members The charities trustees during the year were.. Specific responsibilities The Venerable Alan Jevons Ms K J Devonshire Mrs E M Searle Revd. R Davies-Hannen Mr J T Lovell MrNEKing Mr J E Meredith Revd. lan Drew Jones Ms H R Bowden Mr A Brayley Ms J J Harrington Mr M P Jones Ms J Parker Mr R Davies Ms B L Thomas Chair until 7 December 2023 Chair from 7 December 2023 Fundraising & Strategy Finance Strategy Finance General Finance Personnel & Strategy & Fundraising Personnel & Strategy Fundraising & Strategy Finance & Personnel Finance & Fundraising (Vice Chair) Finance Fundraising (Resigned 11 January 2024) (Appointed 30 January 2024) (Appointed 30 January 2024) Changes to trustees and Board Members since the year end MrNEKing (Resigned 5 September 2024) Revd. lan Drew Jones (Resigned 5 September 2024) Revd. L J Morgan (Appointed 5 December 2024) Ms M E Bayton (appointed 5 December 2024) Company Secretary Mrs S Atkins Page 2

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS- Continued Auditors MHA- Chartered Accountsnts Charter Court Pheonix Way Swansea Enterprise Park Llansamlet Swansea SA7 9FS Solicitors George Tudor & De Winton Solicitors 8A High Street Brecon Powys LD3 7AL Bankers National Westminster Bank PLC 14116A Oxford Street Swansea SA13AG Page 3

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCEAND MANAGEMENT Governing document The charity is controlled by its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. This document was reviewed and updated on 15 September 2022 to reflect more accurately what the organisation does in practi￿ and to ensure that trusteesldirectors are appointed in a more open and transparent way, encouraging inclusion, equality and diversity. Recruitment and appointment of new trustees The chairperson is appointed by the members of the Board. Membership of the Board is open to those who play an active role in Swansea and are interested and encouraged by our work those with Diocesan connections are to be agreed with the Diocesan Standing Committee. Board members have the autonomy to appoint those who they deem experienced and have the ne￿$sary skills to help drive and sustain the organisation. All members of the Board shall retire from office at the end of a three-year period but may be re- elected or re-appointed for a further three-year period. Organisational structure The trustees meet approximately fourtimes annually and the day-to4ay activities of the Board are undertaken by the staff members, assisted by the Officers of the Board. For various projects undertaken, volunteers, both formally and infomally, also assist with some of the service delivery. Several of the projects act as training venues for students on placementfrom a variety ofeducational establishments. Strategy, Fundraising. Finance and Personnel sub-committees have been set up to increase trustee participation and engagementwhich feed into an Executive Committee {should the need arise to convene) made up of the Chairs of the respective committees and the Chair of the Board. The Chair of the Finance Committee is supported by other trustees, in: acting as a sounding board and source of advice to key personnel on major areas of chance, innovation and development., undertake monitoring and supervision of current and future financials and associated risks to the organisation., have oversight of the internal and extemal audit arrangements including resourcing,. review of plans and reports and assisting in porting this to the trustees and assist in identifying priorities for additional expenditure. The Chair of the Personnel Committee is supported by other trustees in; ensuring the provision of a supportive, inclusive and enabling environment for staff and volunteers,. providing oversight of human resources policies, ensuring that our organisation meets all legal requirements and compiles with best practice. delegating to the HR Manager, and key personnel as appropriate,. ensuring a process is in place for reviewing and setting an appropriate remuneration package for all staff where appropriate in line with agreed budgets- acting on behalf of the trustees on any urgent matter relating to human resources e.g. participate in disciplinary or grievance proceedings should the need arise etc.; being involved in the recruitment process of key Senior roles as appropriate. Induction and training of new trustees Trustees are encouraged to attend appropriate training seminars, which are circulated from time to time. A full induction programme has been developed to support new trustees. Key management personnel Key management personnel are considered to be those personnel who are not trustees but sit within ke operational and strategic roles. The total employee benefits of the key management personnel were £153,47 The Board endeavours to ensure within their powers and if appropriate, that employees should receive remuneration In line with at least the Real Living Wage, once probationary periods have been successfully passed. Page 4

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCEAND MANAGEMENT- Continued Partnership working Ourcharity strongly believes in the values of working in partnershipwith statutory and voluntary organisations and the communities who share the ethos of ourwork, togethertsckling the issues of deprivation and meeting the needs ofthe families and children within theircommunities. By representation on a number ofappropriate agencies, we aim to make a real and measurable difference to individuals in our area. Integrated service delivery permits the linking of initiatives for best value, enables the facilitation of community services inclusive for all and sharing experiences and stories that provides better long-term outcomes based on individual circumstances. By working in a joined-up manner we ensure that services from all agencies complement each other ratherthan duplicate and build on the opportunities and choices for children and families, creating stronger appropriate partnerships for better outcomes. We work together with: Adult Learning Wales ALN teams (Health and LA) Best Start Swansea Brecon Foodbank Busy Bee Group CAMHS in Reach team Case (UK) Ltd Children's Play Team Children's Rights Unit Children in Wales (Chief Executive Officer is a trustee and sits on the Policy Committee) Citizens Advice Bureau Clase for All Clybiau Plant Cymru Community Connectors (Brecon) Communities for Work Community Pediatricians Community Poli DACE Dementia Friendly Community Brecon Design to Smile Drug Aid DWP Early Help Hubs Early Language Development Team Eastside Foodbank Eastside Housing Office Educational Psychologists Employment Training Evolve Exchange Swansea Grace Church Family Housing Family Partnership Team Fire Servi Flying Start Foodbank Swansea Food cycle Good Things Foundation Gower College Housing Officers Housing Options Humanities Health Hub Info Nation Page 5

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT- Continued Partnership working, continued Involve Jigso Job Centre Kin Cymru Lamplighter Lifelong Learnirsg Local Area Coordinators Local Community Centres Local CouncilorslAM's Local Health Service Local libraries Local Poli￿ and PCSO'S Local SchoolslGoverning BoardslEducation Department Menter laith Mind Mirus Mothers Union Mr.X National Day Nurseries Association NPTC group NSPCC Nutritionists Occupational Therapy Ogof Adullum One Stop Domestic Violence Support Parish of Sketty Pilotlight Play Opportunity Library Pobl Housing Group Powys Association of Voluntary Organisations Priory School Physiotherapists Road Safety Team SA1 Solutions Ltd SNAP Cymru Social Services Speech and Language Speech Therapists St Ca￿g Ministry Area St Teilo's of Caereithin Stepping Stones Swansea Carers Centre Swansea University swansea.com TAF Team Tesco Fairshare The Wave (Cash for Kids) Trussell Trust Ty Fforest Resource Hub Wellbeing Centre Welsh Council for Voluntary Action (Chief Executive Officer is a Trustee) Welsh Government (30 hour Childcare offer and Tax free childcare schemes) INhitehead-Ross Educats'ons and Consulting Women's Aid Workways W.P.P.A- Wales Preschool Providers Association Page 6

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCEAND MANAGEMENT- Continued Partnership working, continued We also work closely with other agencies to co-ordinate the delivery of services at a strategic and individual level. We work in partnership with local Parishes and Ministry areas, supporting them with their recruitment and payroll needs, enabling them to fulfil their mission of helping and assisting their local communities. Our partnerships include Parish of Sketty; St James. Uplands., St Catwg. Anna Chaplaincy and St Teilo's- the Lamplighter. Corporate partners We have developed some excellent relationships with local businesses. that see the value in our work and supporting a local children's charity, the benefits of which are seen across communities in Swansea. Charities raising their profile or raising funds with corporates need to recognise that there are wide ranging benefits but also inherent risks. Faith in Families take appropriate steps to identify and address these risks before starting an agreement. Over this period, we have been fortunate to receive support from.. Amazon Belvoirl BNI Caredig Coastal Housing Core Genic Eloquent PR FSG (Facilities Services Group) Ginger and Tall LiteBulb Low Cost Printing P.E.S Peter Lynn and Partners Plexus Fire and Security The Pobl Group Rethink PR and Marketing SA1 Group Sturgess Mortgage Solutions Swansea Building Society Veego Related parties The Board have identified thefollowing as related parties, due to the existenceof common control orinfluence- Swansea & Brecon Diocesan Board of Finance Swansea & Brecon Diocesan Trust The Wellbeing Project Brecon The trustees The audit committee Key management personnel Page 7

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCEAND MANAGEMENT- Continued Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Our staff payroll system is contracted with EasyBooks Ltd. Our IT needs continue to be undertaken by outside consultants SA1 Solutions and our stakeholder pension scheme continues to work well with regular review arrangements in place and information for new staff undertaken by Nicholls Stevens Ltd for our Aviva policies. Our Health & Safety and Human Resources requirements are handled in-house, with regular input from CoreGenic consultancy. All staff, the Board, Board officers and all volunteers working with children have DBS checks undertaken and projects are inspected by the relevant registration agency where this is a statutory or funding requirement. We have a child protection and safeguarding policy that is communicated (along with a full suite of policies) during staff induction processes, reviewed annually and refreshed with all staff across the organisation to ensure awareness and our commitment to the policy. We have Senior Managers that act as Child Protection Leads and have undergone robust training. All staff and volunteers undergo safeguarding, first aid and food hygiene training which is regularly renewed and complies with best practice. GOING CONCERN Following the successful award of the Children and Communities Grant, we have a large proportion of our core funding secure for at least a further year, with ongoing discussions about future years. This funding is likely to continue until the end of March 2026. with indications from the local authority that a recommissioning exercise will be undertaken ahead of this. We have secured three years of funding for our Brighter Futures project from the BIG Lottery, three years of funding from the Waterloo Foundation and the Moondance Foundation, and indications that our Comic Relief grantwill be extended forfour years. We have successfully Increased our fundraising strategy with corporate organisations within the year as well as our external Fundraising efforts, each bringing in incredible support. We end the year with an increase in cash reserves, which sets us in good stead for the current financial year. The trustees appreciate the various external and internal factors that prove a risk to going concern. Notwithstandingthese though, the trustees have assessed that the charity is a going concern and the financial statements have been prepared on this basis. OBJECTIVES AND ACTIVITIES The Charity's objects ("the Objects") are.. for the prevention or relief of povety for public benefit in Swansea by providing grants, items and services to individuals in need andlor charikn'es, or other organisations working to prevent or relieve povety, in particular but not exclusively families with young children. Page 8

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES- Continued Values statement We also have reviewed our values statement.. Our Vision A city where every child can reach their full potential. Our Mission Building brighter futures. Rooted in our communities, we nurture growth, cultivating fairer opportunities for all, especially during childhood. Our Culture Our culture is to promote, instill and demonstrate our values of CARE: Compassion, Aspiration, Respect, Empathy. For everyone. Our teams, our communities, our partners and funders. We have a strong and capable staff team, whom we greatly value and perceive as our main asset. Our organisation provides a clear sense of purpose and direction, ensuring our teams receive the training, supervision and support that they need to develop their skills and expertise and to deliver high quality services in which they can take pride. Our staff are trained in understanding the nature and importance of attachments, nurturing relationships and emotional responsiveness as well as educational achievement for colleagues, parents and children alike. linking into our culture of CARE. Public benefit The trustees have complied with their duty in relation to section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in relation to public benefit and have had regard to it in the administration of the charity- We have referred to the guidance in the Charity Commission's general guidance on public benefits when reviewing ouraims and objectives and planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. Volunteers The Board receives the support of volunteer help on an informal and irregular basis, although all volunteers are required to be authorised and have the necessary DBS check clearance. Core Services Unit Faith in Families has a core ServI￿S unit that looks after the design, financial and administration business of all the projects that we facilitate. Within core services, the staff team collaborate together to ensure a high standard of efficiency and service delivery with specific responsibilities as follows.. Chief Executive Officer to whom day to day management has been delegated- Cherrie Blja Responsible for the strategic planning of the organisation to meet the objectives and mission, researching theories to meet the necessary targets and fundraising to ensure sustainability. Chief Operating Officer- Sharon Atkins Responsible for the efficient management of operations, including administration of the organisation, particularly in regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. She undertakes all HR related duties and is the Company Secretary. Finance Officer- Chrls Havard Responsible for financial procedures of each of the projects, budgets, salaries and accounting systems to ensure that we are accountable and transparent in all of our business dealings. Admin Marketing and Social Media Assistant- Chelsey Thomas Responsible for our marketing and social media strategies, refreshing our online presence and developing our websites, and assists the core team with administration tasks including Board facilitation. Page 9

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES- Continued Community Cwtch ManagerslProject Leads Responsible for the coordination, delivery and quality of services within the Community Cwtch catchment areas (and beyond where relevant), liaising with relevant partners to ensure that there is consultation on community needs in order to tailor support and services. Community Cwtch Senior Child and Family Workers To ensure that the play teams provide high quality child and family support within a positive, safe and happy environment. To help plan, provide and take part in activities to stimulate and support children's educational, physical, social, language, emotional and play development. Brighter Futures Team Lead- Linda Harle Leading a team of highly skilled and experienced practitioners who provide bespoke 1-2-1 interventions for children who require extra support with- Understanding and managing strong emotions, processing traumatic events, attachment difficulties, anxiety, self-esteem, family relationships, to namejusta few. They also run group sessions within schools and in the Community Cwtchs. Childcare Team Leader- Leanne Evans Responsible for the quality and accessibility of Early Years Childcare and the smooth and successful transition into ft)rmal education. Inspiring Futures Team Leader- Suzanne Baker and assisted by Senior Natasha Cardone. Leading a team of Outreach Workers with adult education and employability and the barriers that parents experience in accessing opportunities for these. There is a range of help, support and advice including budgeting and parenting as well as assisting those who are engaged with statutory services. Administration Team - Responsible for collation of all monitoring and evaluation reports as well as numerous administrative and support functions. Social Responsibility Officer- Jim Page Is a pastoral appointment via the DI0￿Se as Faith in Families. Chaplain, speaking at churches, Diocesan conferences and Mothers Union events on our behalf, strengthening links with the Diocese, and providing support and guidance as appropriate. The leadership team ensures that we have engaged employees who are aligned with our organisational goals and energy in each of our projects. We are a team of dedicated, passionate individuals that want to make a valuable difference to civil society in parts of Wales. We are able to do this through a number of projects based in four different areas across our Diocese all that seek to show compassion. encourage aspiration, show respect and empathy. Page 10

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Clase Community Cwtch and the Brighter Futures Project- Llnda Harle, ManagerlProject Lead Clase Community CwtGh We had an action-packed year filled with lots of play and laughter. Our play team delivered a variety of term time and school holiday sessions including.. Parent and Toddler, Toddler Tots and Little Tots sessions,. After school clubs, family tea sessions,. picnics. cooking and art sessions and much morel Ourcommunity trips were many and varied including Ninja Warrior, animal parks and visits, Bike ability, Gower Heritage Centre and rook pooling. i) Page 12

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- Continued Brighter Futures." As we reflect on another incredible year, there is once again so much to celebrate. This year, the Brighter Futures Project made substantial progress in supporting the well-being of individuals and communities through targeted interventions. Our core focus has been on mental health, resilience, and personal growth, with over 500 individuals benefiting from our services. We have made a significant impact through our collaboration with schools, focusing on enhancing student well-being and personal development. We worked with 54 schools across Swansea, implementing tailored programs designed to support students, mental, emotional, and social health. These initiatives included workshops, group sessions and 1-2-1 support. Through these initiatives and interventions. children have been equipped to navigate their emotions, creating resilience and self-assuredness that will support them throughout their lives. Once again. I would like to take this opportunity to thank all our funders who believed and continue to believe in our vision and who have supported us to make this work possible. I would also like to thank the team whose dedication and passion make this work possible. As we look ahead, we remain committed to deepening the impact of our work to create a brighter, more empowered future for even more students. 111.1 111111,, Page 13

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- Continued The Bonymaen Community Cwtch is a community-driven initiative dedicated to supporting families with children aged 0-16 who live in areas facing economic challenges. Our project has proven effective in addressing a wide range of needs, enhancing child development, and fostering a strong sense of community. Our primary goal is to improve the overall health and well-being of children and their families. We achieve this by offering a variety of activities and opportunities that promote engagement, reaming, and play, supporting the holistic growth of both children and parents. By empowering families, we aim to reduce conflicts and strengthen family bonds, while also boosting the confidence and self*steem of everyone involved. Key Components of Our Project Include.. Family-Focused Sessions." We offer parent and toddler groups, family play sessions, and community events. These activities create a safe and supportive environment where families can connect, leam, and grow together. Child-centred Activities.. Our toddler groups, after-school clubs, and holiday playschemes provide children with opportunities to engage in creative play, learn new skills, and develop socially in a positive environment. Community Engagement.. Through community-wide events, we encourage families to come together, building a stronger, more cohesive community while providing opportunities for mutual support. We do this via our Community Picnics, by running family Sessions during the school holidays, by engaging with partner projects to take part in the Teddy Bears Picnic and National Play days. We promote all of our activities via social media and through schools and partner organisations and are able to encourage our community to come together. Page 14

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- Continued Bonymaen Communlty Cwtch, continued: Parenting Support At Bonymaen Community Cwtch, we are deeply committed to empowering parents and caregivers with essential resources and practical support. Through a variety of informative sessions, we equip families with the skills to navigate the complexities of family life, helping to boostconfidence and self-esteem in both parents and children. Our community-focused approach is rooted in real-world solutions. We work tirelessly to secure funding that helps families in crisis put nutritious meals on the table. Alongside providing food bags, we offer recipe ideas and cooking tips that enable families to prepare healthy, budget-friendly meals. During the festive season, our efforts continue with fundraising initiatives like our Christmas Campaign. This annual event ensures families can access gifts for their children, vouchers were given to parents and caregivers, to enable them to choose special gifts for their children, ensuring a more personal and meaningful experience. We also partnered with Carolyn Harris MP to provide Christmas Hampers to 100 families and with City and County of Swansea to provide supermarket vouchers to families in need. Community/Engagement.' We take pride in our ability to connect deeply with our community, allowing us to gain a thorough understanding of local needs and preferences. This insight has been crucial to the success of our various groups, sessions, and events. By collaborating with a diverse range of partners, we've been able to expand our services, providing even more comprehensive support to the families who need it most. Inspiring Futures Project- Natasha Cardone Senior Outreach Worker {Overseen by Suzanne Baker Inspiring Futures has continued its commitment to enhancing the lives of individuals and families within our community over the past year. From April 2023 to March 2024, we have provided vital educational opportunities and support services that have empowered adult learners, improved employability, and fostered stronger community ties. This report highlights the key achievements during this period and explains how these accomplishments have positively impacted both individuals and the wider community. Key Achievements 1. Qualification and Employment Success Four Adult Learners Completing Level 2 Support Work in Schools Qualification Four adult learners successfvlly completed the Level 2 Support Work in Schools qualification, becoming qualified teaching assistants. Among them, one learner has already secured employment, another has enrolled in further education, and a third is actively engaging with Communities 4 Work to build a CV and receive additional employability support. Im act on Individuals and Families.. Improved Employability.. Completing this qualification has significantly boosted the employability of these learners, providing them with the skills and confidence needed to pursue careers in education. Economic Stability: The individual who secured employment is now contributing to their household ncome, improving their family's financial stability and overall quality of life. Educational Progression.. The learner who moved on to further education is continuing to enhance their skills, which will lead to better job prospects in the future. Page 15

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- Continued Inspiring Futures Project, continued Im act on the Wider Communit Increased Educational Support.. The presence of qualified teaching assistsnts in local schools enhances the quality of education and support available to students, benefiting the broader community. Role Models.. These adult learners serve as role models within their communities. demonstrating the value of lifelong learning and perseverance. First Aid Training Learners Completing Level 3 Emergency First Aid at Work On 25 April, seven learners successfully completed the Level 3 Emergency First Aid at Work course. act on Individuals and Families= Life-saving Skills= These learners have gained essential life-saving skills, which not only enhance their employability but also equip them to respond to emergencies at home, potentially saving lives within their families. Increased Confidence.. The training has boosted the confidence of the learners, enabling them to take on roles that require emergency response capabilities, whether in their workplace or community. Enhanced Community Safety: The wider community benefits from having more individuals trained in first aid, as these learners are now equipped to assist in emergencies, contributing to a safer environment for everyone. Page 16

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- Continued Inspiring Futures Continued: 3. Accredited Adult Learning Across Two Communities From April 2023 to March 2024, we provided accredited adult learning in two communities, offering courses in essential skills and arts and crafts. Additionally, we continued to provide one-off online courses to individuals where a number of learners have completed Level 2 Food Hygiene and other work relevant courses. We have provided communities with courses to build skills and confidence such as our cake decorating course and cooking courses where participants learnt to make healthy meals from scratch. 50 participants have completed at least 1 course. act on Individuals and Families.. Skill Development.. These courses have enabled learners to develop essential skills, such as literacy and numeracy, which are crucial for everyday life and employment. The arts and crafts, cake decorating and cooking sessions have fostered creativity and provided a therapeutic outlet for stress, improving mental well-being. Empowerment= By engaging in learning, individuals have gained a sense of achievement and self- worth. which positively impacts their family dynamics, leading to more supportive and aspirational home environments. Im act on the Wider Communit Community Cohesion: The provision of learning opportunities within the community has brought people together, fostering stronger relationships and a sense of belonging. Cultural Enrichment.. The arts and crafts, cake decorating and cooking courses have not only enriched the lives of participants but have also contributed to the cultural vibrancy of the community, as learners often share their creations and newly acquired skills with others. Page 17

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE - Continued Inspiring Futures Continued: Celebration of Leamer Achievements.. At Inspiring Futures, we believe that celebrating the successes of our learners is crucial not only for acknowledging their hard work and dedication but also for motivating them to continue to reach their full potential. Throughout the year, we have organised several events and initiatives to honour the achievements of our learners, fostering a sense of pride and accomplishment that resonates across our communities. Our efforts to celebrate success are designed to not only recognise the achievements of our learners but also to create a culture of lifelong learning within our communities. By highlighting the journeys of our learners and providing platforms for them to share their experiences, we encourage both current and prospective learners to continue their educational pursuits. This, in turn, leads to a more educated, skilled, and cohesive community, where individuals are empowered to improve their own lives and contribute positively to the lives of others. Progression.. As a result of support from the Inspiring futures project 6 participants have gone on to further learning in either college or through communities for work. 8 participants have moved on to volunteering and an amazing 8 participants have gone into employmentl Conclusion.. The achievements of Inspiring Futures from April 2023 to March 2024 have had a profound impact on the individuals we serve, their families, and the wider community. By providing access to education, skill development, and employability support, we have empowered individuals to improve their prospects, contribute to their households, and play a more active role in their communities. These outcomes align with our mission to create a brighter future for all, and we look forward to continuing this important work in the years to come. Page 18

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIVEMENT AND PERFORMANCE - Continued Teilo's Community Cwtchrreilo's Tots Day care- Leanne Evans, Managerrream Lead 2023124 saw Teilos Tots Day care provide 6214 sessions of children which equates to 45,911 hours of childcare. Supporting 57 individual children and 44 families. Our annual questionnaire gave us great feedback, with 97.4Yo of participants stating they would highly recommend Teilos Tots Day care to a friend or colleague. ALL OF IT HAS VOUCHE OUTGOING WASAL TE MASSIVE HELPI SHOPPING D HUGELY TOWARDS OUR AT MONTH. THE MEAL IN A BAG SURPRISE. SORTED THAT EVENINGS HE WHOLE FAMILY ENJOYED. I ALSO AND NEW TRAINERS & A LOVELY THICK WHICH I WOULDNT HAVE BEEN ABLE T BUY MYSELF AS WELL AS ALI THE OTHE OUSEHOLD ITEMS THAT ARE OFTEN ON THE GIRLS ARE SO LOVELY AND ENCO BOUT IT TOO. NO EMBARRASSM 9.74 NG ALL At the annual Childcare and Play celebration were awarded the 'Community spirited setting, award. This was huge boast for the team and goes to show the effort that is put into supporting families holistically within our setting- We joined colleagues from Clase and Bonymaen to celebrate our achievements as highly regarded practitioners. We successfully won a tender to become a Flying Start expansion programme setting in July 2023. with the new programme starting in our setting in November 2023. 9 childcare spaces have been taken by children accessing the Flying Start programme. Page 19

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- Continued Teilo's Community Cwtchrreilo's Tots Day care, continued We have utilised items that have been on offer at Cwtch Mawr and supported some of our families with different items that they need. Donations of shoes, work clothes, toiletries and coats have been donated as well as more bespoke items such as a desk chair. Feedback from the items that have been donated has been fantastic. We used our community grants to support families giving food vouchers, food hampers and meals in a bag to families to help financially. During school holidays the day care children were able to join in the activities and have fun doing different things. 11 Page 20

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE- Continued Cwtch Mawr- Wales, First Multibank Cwtch Mawr, which means 'Big Hug. in English, is Wales's first Multibank- a collaboration of compassion that enables hundreds of smaller charities to reach individuals in their local communities with vital, crisis support. This innovative initiative provides surplus essentials such as warm clothes. hygiene products, school uniforms, and bedding, donated by businesses like Amazon, directly to those in need. The products are redistributed via Faith in Families to charity groups and care professionals who deliver them to people when they need them most. A Multibank is a clothes bank, bedding bank, baby bank, hygiene bank, and furniture bank all rolled into one. The idea is simple.. companies have the surplus goods people need, and local charities know the people who need them. This initiative not only pushes back poverty but also supports our planet by using surplus stock, contributing to a more circular economy. sin￿ its launch in 2024, Cwtch Mawr has supported more than 86,000 beneficiaries, including 27,000 families in Swansea. distributing over 250,000 items to those in need. Community support organisations, schools and colleges, homeless shelters, and elderly support services in the area have received essential supplies from Cwtch Mawr, including Swansea Council's social services, Llamau, Swansea Asylum Seekers Support. and Swansea Young Families. This remarkable collaboration encourages engagement and strengthens grassroots support ne￿OrkS, making a significant impact on the lives of many. Click here to see the Cwtch Mawr launch video: htt s..1￿. outube.comlwatch?v=9CNJ9FFwzdO St Johns Centre- Jamie Parry- Centre Manager We continue to work closely with the Wellbeing Project Brecon, Brecon Food Bank. Mirus Wales, the Swansea and Brecon Diocesan Team and other partners to establish an intergenerational wellbeing feel to the St John's Centre in the heart of the community. We have been able to help provide a base for a holiday breakfast club for local families as well as a long established over 50s Luncheon Club, that help alleviate social isolation and loneliness. Page 21

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE - Continued Executive Summary For25 years, Faith in Families has empowered Swansea and Brecon children and families with unwavering support. Our mission has driven us to provide enriching social activities, transformative training courses, mental health and wellbeing workshops. affordable childcare, community cafes, volunteering opportunities, work placements, school support, and parenting classes, fostering stronger. resilient communities. Now, with Wales, first Multibank, we're supporting 100 smaller charities and not-for-profit organisations across Swansea Bay in a collaboration of Compassion, impacting thousands of individuals every week. We extend our heartfelt gratitude to our funders for their trust in us, enabling us to reach new heights and make a lasting impact. Our trustees have guided us with unwavering dedication, ensuring we stay true to our mission and values. Our dedicated team has shown incredible commitment, giving their all to support our cause. Ourvolunteers have been the backbone of our efforts, their support making a world of difference. Lastly, our partners have collaborated with us, helping us create a network of support that strengthens our community. Thank you all for being part of our community. The impact of our work has been transformative, providing children, families, and individuals with care, compassion, respect, dignity, opportunities, voice, and choi￿. Over these incredible 25 years, our growth and impact have been remarkable, demonstrating the true power of compassion and collaboration. As we look ahead, we remain committed to our mission, inspired by the trust that has brought us this far and will continue to guide us forward. Thank you for believing in us and joining us on this incredible journey. I would like to extend my personal thanks to Archdeacon Alan Jevons for all his supportoverthe lastdecade and welcome Karen Devonshire as the new Chair. Together, we are creating a stronger, more inclusive community for everyone to live, grow. work and play that will benefit us all. Page 22

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Performance in the year The main source of income for the charity continues to be grant funding, with non-performance related grants increasing by £205k due to the significant amounts received towards the multibank. As these grants and donations are non-performance related, they have been recognised when entitled, probable and could be reliably measured. They will be used to support the continued work of the multibank during 2024-25. Performance related grants have remained at a similar level as the previous year with significant support from CC Children & Communities, the Big Lottery Fund and WGRIF. Project income continued to increase rising from £213k in 2022-23 to £312k this year. Total expenditure increased by nearly £119k, due to increased staff costs and general running costs. The reported surplus is £326,024 of which £234,313 relates to non-performance related grants received for the multibank project, a further £59,714 relates to other restricted projects where grant income has been received in advance of the next financial year. Financial position There has been minimal investment in fixed assets this year. Debtors have reduced by £54k and creditors by £16k. these factors along with the surplus at the year end have seen an increase in cash at bank and in hand of £499k. Reserves policy The Board have established a policy, which ensures the charity can meet its obligations for all current projects and ensures that the balance on unrestricted funds is sufFicient to cover running costs for a specified time, unforeseen or contingent costs and costs of staff redundancy. St Teilo's and St John's have both secured funding from large funding bodies, are large buildings, both with Grade 11 listed status in part. Therefore, the Board has an obligation to ensure appropriate upkeep and maintenance plans are in place. The reserve policy takes this obligation into account. The Board reviews the reserves policy on a periodic basis, adapting it to the charity's circumstances and future plans. The most recent reserves policy review has quantified the following targeted unrestricted reserves: Target 756,000 Minimum 9 Months of Running Costs 6 Months of Running Costs Contingency for Late Payment of Grants Building Maintenance Fund Stsff Redundancy Reserve Reserves target 504,000 130,000 150,000 93,000 877,000 130.000 150,000 93,000 1,129,000 At the balance sheet date, the charity held £973,220 in unrestricted funds (£901,805 free reserves, excluding fixed assets), compared to the minimum target reserves of £877,000 above. This puts the charity in a reasonable position as we enter a new year of uncertainty in terms of rising costs and high inflation. The unrestricted funds fell short of the ideal target of £1,129,000 by £155,780. Principal funding sources We are grateful to all agencies, organisations and individuals for theirsupport this year. Full details are provided in notes 3 and 4 to the financial statements. Page 23

SWANSEA AND BRECON DIQCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FUTURE PLANS AND FUNDING Faith in Families has gone from strength to strength and is beginning io bè recognised as a key organisation In the prevention of poverty and early intervention, as well as crisis support for children, families, and Individuals across the Swansea Bay area. Recently awarded 'Outstanding Charity" by Child of Wales and chosen as a charity partner for numerous organisations, individuals, and local businesses, we have secured multi-year funding from several foundations. This funding will enable us lo develop a strategic approach to our community support services, alleviating lh8 previous yearly anxiety an(t lack of security. However. we acknowledge that three years is still not long enough for community SUPPOrt lo become resilient and sustainable. Being part of Wales Mullibank Cwlch Mawr has connected us with organisalions we never envisaged collaborating with before, and this partnership is remarkable. As Swansea Bay Business Club's chosen charity, the network of people across our communities now aware of our impact and need is incredible. Our future plans are lo continue lo grow and provide children and families with the essential support, advocacy, and services they need to build a brighter future and live with compassion, aspiration, respect, and empathy. STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also the directors of Swansea and Brecon Diocesan Board for Social Responsibility for the purposes of Gompany lawl are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the Iruslees to prepare financial statements for each financlal year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing those financial stalements, the trustees are required lo select suitable accounting policies and then apply them consistently. observe the rnelhods and principles in the Charity SORP.. make judgements and eslimates that are reasonable and prudent-. prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial financial statements comply with t osition of the charitable company and to enable them to ensure thal the e Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In $0 far as Ihe trustees ar8 aware.. there is no relevant audit information of which the charitable company's auditors are unaware., and the Iruslees have taken all sleps that they ought lo have laken to make themselves aware of any relevant audit informallon and to eslablish that the auditors are aware of that information. AUDITOR The auditor. MHA, will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order of the Board of Trustees on ...... and signed on its behalf by.. Karen Devonshire {Chairperson} Page 24

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY Opinion We have audited the financial statements of Swansea and Brecon Diocesan Board for Social Responsibility (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 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, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly prepared in accordancewith United Kingdom GenerallyAccepted Accounting Practi￿, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,; and have been prepared in accordance with the ￿qUirementS of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Ourresponsibilities underthose standardsare furtherdescribed in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this ￿POrt. Other information The trustees are responsible for the other information. The other information comprises the information included in the Report of the Trustees, other than the financial statements and our Report of the Independent Auditor thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to ￿POrt in this regard. Page 25

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY atters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements- or the charitable company has not kept adequate accounting records., or the financial statements are not in agreementwith the accounting records and returns. or we have not received all the information and explanations we require for our audit. Responslblllties of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitsble company or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities forthe audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Detecting Irregularities The objectives of our audit in relation to fraud are as follows.. To identify and assess the risks of material misstatement of the financial statements due to fraud To obtain sufficient appropriate audit evidence regarding the assessed risks of material mis-statement due to fraud, through designing and implementing appropriate responses And to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. Auditor's approach to assessing the risks of material mis-statement due to Irregularities, Including fraud We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (FRS 102, Charity SORP and Companies Act 2006) and the relevant tax compliance regulations in the UK. We assessed the risks of material misstatement in respect of fraud and considered the extent to which non- compliance with laws and regulations might have a material effect on the financial statements. Page 26

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY Audit procedures designed to respond to the risks of non-compliance with laws and regulations Based on the results ofour risk assessmentwe designed ouraudit procedures to identify non-compliance with such laws and regulations identified above. We made enquiries from managementto understand how the charity is complying with those frameworks. Audit procedures performed by the engagement team also included a review of the financial statements disclosures to underlying supporting documentation. Audit procedures designed to respond to the risks of fraud We assessed the susceptibility of the charity's financial statements to material misstatement, including how fraud might occur by meeting with management to understand where they considered there was susceptibility to fraud. Based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud. As well as adopting an attitude of professional skepticism, we have obtained information ft)r use in identifying the risk offraud when performing risk assessment procedures, and performed the following procedures in light of the risk of fraud.. Discussion amongst the engagement team regarding the susceptibility of the client to fraud- Consider the risk of fraud when documenting and testing internal controls., Enquiring of management how they.. assess the risk of fraud., identify and respond to the risks of fraud; and Enquiring of management whether they have any knowledge of actual or suspected frauds. Management override of controls We considered the risk of fraud through management override, and, in response, we incorporated testing of manual journal entries into our audit approach. The audit engagement team performed journal entry testing using a risk-based approach and evaluating whether there was evidence of bias, with a focus on any journals indicating large or unusual transactions based on our understanding of the charity. Considerations around likelihood of detection However, owing to the inherent limitations of an audit, there is an unavoidable risk that we May not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non- compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion. forgery, intentional omissions. misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliancewith all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditor. Page 27

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone otherthan the charitable company and the charitable company's trustees as a body. for ourauditwork, for this report, or for the opinions we have formed. MHA (Senior Statutory Auditor) for and on behalf of MHA. Statutory Auditor Swansea, United Kingdom Date.. MHA is the trading name of Maclntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313). MHA are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 28

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restricted Funds Endowment funds 2024 Total funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Investment income 236,570 312.258 4.945 196,933 821,389 433,503 1,133,647 4.945 141.846 1,051,650 1,427 Total 553,773 1,018,322 1,572,095 1.194,923 EXPENDITURE ON Charitable activities Charitable activities 472,705 730,547 42,819 1.246.071 1,127.430 Total 472,705 730.547 42,819 1,246,071 1,127,430 NET INCOME 287 775 326 024 TRANSFERS BETWEEN FUNDS RECONCILIATION OF FUNDS Total funds brought forward 892,152 245,947 1,040,801 2,178.900 2,111,407 TOTAL FUNDS CARRIED FORWARD 973,220 533,722 997,982 2,504.924 2,178 900 The notes on pages 34 to 47 form part of these financial ststements. Page 29

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES BALANCE SHEET 31 MARCH 2024 Unrestricted Funds Restricted Funds Endowment 2024 funds Total funds 2023 Total funds Notes FIXED ASSETS Tangible assets Investments 12 13 66,157 5,258 20,332 997,982 1,084,471 5,258 1,093,059 5,258 71.415 20,332 997,982 1,089,729 1,098,317 CURRENT ASSETS Debtors Current asset investments Cash at bank and in hand 14 67,862 15,533 859,892 51,476 119.338 15,533 1,506,120 173,718 15,533 1,007,329 646,228 943,287 697,704 1,640,991 1.196,580 CREDITORS Amount falling due within one year 15 (34,732) (13,514) (48,246) (64,047) (34,732) (13,514) (48.246) (64.047) NET CURRENT ASSETS 908,555 684 190 1.592,745 1,132,533 TOTAL ASSETS LESS CURRENT LIABILITIES 979 970 704.522 997,982 2 682 474 2,230,850 ACCRUALS AND DEFERRED INCOME 16 6,750 170,800 177,550 51,950 NET ASSETS 973.220 533 722 997,982 2,504.924 2.178 900 FUNDS Unrestricted funds.. General fund 17 973,220 892,152 Restricted funds: Brighter Futures Community Cwtches Inspiring Futures St Johns Centre Cwtch Mawr 160,831 67,862 64,617 6.098 234.314 127,497 61,341 57,109 Endowment funds: St John's Centre- Big Lottery Fund Teilo's Community Cwtch- Big Lottery Fund Teilo's Community Cwtch- Welsh Govemment 204,441 293,541 500.000 224,086 316,715 500,000 TOTAL FUNDS 2.504,924 2,178,900 Page 30

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES BALANCE SHEET 2024- continued The charilable company is entitled to exernption from audit under Section 477 of Ihe Cornpanies Act 2006 For the year ended 31 March 2024. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. The financial statements were approved by the Board of Trustees and authorised for issue on ..IU.ILI.Xo)-4 .... and were signed on its behalf by: Karen Devonshire (Chairperson) Page 31

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations Net cash provided by operating activities 538,774 133,350 538,774 133 350 Cash flows from investing activities Purchase of tsngible fixed assets Interest received (44,928) 4,945 {7,172) 1,427 Net cash used in investment activities (39,983) (5,745) Change In cash and cash equivalents in the report period Cash and cash equivalents at the beginning of the reporting period 498,791 127,605 1.022,862 895.258 Cash and cash equivalent at the end of the reporting period 1,521653 1,022,862 Page 32

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest re￿iVed Decrease l (increase) in fair value of investments Increase l (decrease) in deferred income (Increase) I decrease in debtors Increase l (decrease) in creditors 326,024 67,493 53,513 (4,945) 58,342 (1,427) 125,600 54,383 15,801 (18,050) 56,369 29,377 Net cash provided by operations 538.774 133.350 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand Notice deposits (less than 3 months) Current asset investments 12,871 1,493,249 15,533 14,458 992,871 15.533 Total cash and cash equivalents 1,521,653 1,022,862 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank and in hand 1,022,862 498.791 1,521,653 Page 33

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Swansea and Brecon Diocesan Board for Social Responsibility is a charitable company, limited by guarantee, incorporated in England and Wales. The company's registered number and registered office address can be found on page 2. ACCOUNTING POLICIES Basis of preparation The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The charitable company's functional and presentational currency is the pound sterling (£) and balan￿S are rounded to the nearest £1. Critical accounting judgements and key sources of estimation uncertainty The trustees make estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next year are addressed below= Impairment reviews The trustees carry out annual reviews of fixed assets to assess whether there are any indications of impairment. Where indications of impairmentexist, the trustees consider the recoverable amount of the relevant asset, based upon either value in use or net realisable value, depending upon the function of the asset in question. Impairment provisions are recognised in the statementof financial activities, within the relevant cost category to which the asset relates. Useful economic lives of tangible fixed assets The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives of the assets. The useful economic lives are reassessed annually and are amended when necessary to reflect current estimates ofeconomic utilisation and physical condition of the assets. Income recognition Income is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received, and the amount can be measured reliably. In the event that income is subjectto conditions that require a level of performance before the charitable company is entitled to the funds, the income is deferred and not recognised in full until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charitsble company. Page 34

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- Continued Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Charitable activities Expenditure classified as charitable activities expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support the activities. Governance and support costs Support costs are those functions that assist the work of the charitable company but do not directly relate to charitable activities. Support costs have been allocated bet￿een governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charitable company and its compliance with regulation and good practice. These costs include Costs relating to statutory audit and legal fees, togetherwith an apportionmentof overhead and support costs. Financial Instruments The charitsble company has mainly financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fixed asset investments are stated at fair value. Allocation of support and governance costs Governance and support costs are apportioned by charitable activities over the centres operated by the charity. Such allocation is on the basis of the level of administration required and is apportioned on the basis of the total direct costs incurred in the operation of each ￿ntre. The allocation of support and governance costs is analysed in note 2. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to propety Computer equipment Fixtures and fittings 10 /0 on cost and over the term of the lease (see note 13) 25°/o on cost 25 % on cost Fixed assets costing £500 or more, and computers of any value are capitalised and stated at cost less accumulated depreciation calculated so as to write off their cost less any residual value over their expected useful lives. Taxation and irrecoverable vat Irrecoverable VAT is charged against the category of expenditure for which it was incurred. The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees Page 35

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Fund accounting Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. These funds relate to the specific centres operated by the charity and are classified by ￿ntre. The charity has received significant grants for the specific purpose of refurbishing and fitting out community Cwtches. There are no externally imposed restrictions ex￿pt for those imposed by grant funders. The asset and the grants have been shown as endowment funds as this better reflects the nature of the related asset. Donated services and goods Donated services and goods are recognised as income and expenditure when the benefit to the charity can be reasonably quantified or measured and is considered material to the charity. Pension costs The charity operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the charity to the fund, in accordance with the rules of the scheme. Investments Fixed asset investments are valued at fair value. Going concern The charity is reliant on the continuing support of its grant funders, as a significant proportion of the charity's income is by way of grants. The charity has successfully secured its core grant funding until at least March 2025 and other multi-year grants have also been confirmed. Grants are not always received in advance of expenditure and therefore the trustees ensure sufficient cash reserves are maintained in order to meet ongoing running costs during any delays in the receipt of grant funds. The trustees have a reasonable expectation that the charity will have adequate resources to continue in operational existen￿ for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in preparing the financial ststements. Operating leases Rentals paid under operating leases are charged as expenditure on a straight4irE basis over the period of the lease. Page 36

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations Grants 133.762 299,741 47,363 94,483 433,503 354,385 Unrestricted funds Restricted funds End0￿ent Funds 2024 Total funds Donations Grants 130,820 105,750 2,942 193,991 133,762 299,741 236,570 196,933 433,503 Unrestricted funds Restricted funds Endowment Funds 2024 Total funds Grants Diocesan Finance Board Moondance Coastal/PobllCaredig Management fees Capital grant McDonalds Trust Internship grant St James. Place Cash 4 Kids CAF Austin Bailey Other 66,055 66,055 93,991 100,000 3,025 9,800 3.050 4,590 2,500 5,100 4,000 5,000 2,630 93,991 100,000 3,025 9,800 3,050 4,590 2,500 5,100 4,000 5.000 2,630 105,750 193,991 299,741 Included within donations is an amount of £26,136 in respect of donated seNices relating to seconded employees to the Cwtch Mawr project. Page 37

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES - continued Unrestricted funds Restricted funds Endowment Funds 2023 Total funds Donations Grants 46,696 94,483 667 47,363 94.483 141.179 667 141,846 Unrestricted funds Restricted funds Endowment Funds 2023 Total funds Grants Diocesan Finance Board Management fees Lloyds Bank Foundation McDonalds Trust Other 61,154 2,799 27.250 3,000 280 61,154 ,799 27.250 3,000 280 94,483 94,483 INCOME FROM CHARITABLE ACTIVITES 2024 2023 Project income Grants 312,258 821,389 212,539 839,111 1,133,647 1,051,650 Page 38

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES - continued Unrestricted funds Restricted Endowment funds Funds 2024 Total funds Grants Coast Funding CCG Children & Communities Big Lottery The Waterloo Foundation CCS enabling communities Masonic charitable foundation WGRIF CCS holiday food fund scvs POBL Trust Swansea Bay University ccs other 20,000 350,000 99,163 11,287 31,246 40,000 59,959 35,310 54,100 17,500 19,987 25,700 32,323 24,814 20,000 350,000 99,163 11,287 31,246 40,000 59,959 35,310 54,100 17,500 19,987 25,700 32,323 821.389 821,389 Unrestricted funds Restricted Endowment funds Funds 2023 Total funds Grants BBC Children in Need WCVA CCS Children & Communities Big Lottery The Waterloo Foundation CYMPH CDF Police Crime Commissioner WGRIF CCS direct food support spaces funds Capital grants other 50,285 68,894 409.591 99,163 25,000 39,862 46,680 40,000 27,320 12,275 6,500 13,540 50,285 68,894 409.591 99,163 25,000 39.862 46,680 40,000 27,320 12,275 6,500 13,540 839,111 839,111 Page 39

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 4.945 1,427 4,945 1.427 CHARITABLE ACTIVITIES COSTS 2024 2023 Salaries and Nl General running costs Training costs Travel Holidays trips & play Healthy option costs Rent of premises Equipment & materials Light & heat Depreciation I loss on sale of assets Telephone Bad debts Donated ServI￿S 910,669 116,625 14,781 9,187 18,839 169 2,653 24,978 22,608 53,513 11,214 20,152 26,136 849,409 81,386 35,755 11,300 17.479 1,330 3,926 31,432 10,172 58,342 10,622 Direct costs 1,231,524 1,111,153 Support costs Governance costs 4,662 11,615 14,547 1,246,071 1,127,430 Analysis by fund Unrestricted fund Restricted funds Endowment fund 472,705 730,547 42,819 1,246,071 336,401 742,359 48,670 1,127,430 Page 40

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Post and stationery Governance costs Totals Charitable activities 14,547 14,547 NET INCOMEI(EXPENDITURE) Net incomel (expenditure) is stated after charging.. 2024 2023 Audit fee 11,431 10,560 TRUSTEES. REMUNERATIONAND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 or for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 or for the year ended 31 March 2023. 10. STAFF COSTS 2024 2023 Salaries Social security costs Pension schemes contributions 795,791 59,560 55.318 754,344 42,020 53.045 910,669 849,409 The number of employees who received total employee benefits of more than £60,000 is as follows.. Salaries 2024 2023 £60,001- £70,000 Page 41

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 10. STAFF COSTS - continued The average weekly number of employees by function were as follows.. 2024 35 2023 39 Charitable activities Administrative staff 40 43 Key management personnel Key management personnel are considered to be those personnel who are not trustees but sit within key operational and strategic roles. The total employee benefsts of the key management personnel were £153,471 (2023 - £134.326). Volunteers The value of volunteers. time given within the year is not readily quantifiable and, in line with the requirements of the SORP. has not been recognised within the accounts. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted Endowment funds Funds Total funds INCOME AND ENDOEMENTS FROM Donations and legacies Charitable activities Other trading activities Investment income 353,718 667 839,111 141,846 1,051,650 1.427 Total 355,145 839,778 1,194,923 EXPENDITURE ON Charitable activities Charitable activities 336 401 742,359 48,670 1,127,430 Total 336,401 742,359 48,670 1127,430 NET INCOME I (EXPENDITURE) 18,744 97,419 (48,670) 67.493 TRANSFERS BETWEEN FUNDS RECONCILIATION OF FUNDS Total funds brought forward 873,408 148 528 1,089,471 2,111,407 TOTAL FUNDS CARRIED FORWARD 892,152 245,g47 1,040,801 2,178,900 Page 42

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FNANCIAL STATEMENTS- continued FOR THE YAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSETS Improvements Fixtures and to propety Fittings Computer Equipment Totals COST At 1 April 2023 Additions 1,471,668 44,925 21,358 73,843 1,566,869 44,925 At 31 March 2024 1,516,593 21,358 73,843 1,611,794 DEPRECIATION At 1 April 2023 Charge for the year 402,374 44,229 7,878 4,248 63,558 5,036 473,810 53,513 At 31 March 2024 446,603 12,126 68,594 527,323 NET BOOK VALUE At 31 March 2024 1,069,990 9,232 5,249 1,084,471 At 31 March 2023 1,069,294 13,480 10.285 1,093,059 The net book values of St John's and St Teilo's at the balance sheet date were £204,520 and £863,728 (2023: £224,164 and £843,384) respectively. The expenditure on the St Teilo's propety improvements is being amortised over 50 years (the lease term is 99 years). The expenditure for St John's is being amortised over 25 years, which is the term of the lease. The Big Lottery Fund has a legal charge over the leasehold properties, St John's Centre in Brecon and St Teilo's church in Swansea. 13. FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At 1 April 2023 5,258 Revaluation NET BOOKVALUE At 31 March 2024 At 31 March 2023 5,258 There were no investment assets outside the UK. Page 43

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2024 14. DEBTORS: AMOUNT FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income 76.684 41,872 782 91,746 81,971 119,338 173,717 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors 15,880 11,561 20,805 20,109 15,379 28,559 48,246 64,047 16. ACCRUALS AND DEFERRED INCOME 2024 2023 Accruals and deferred income 177 550 Deferred income movements were as follows.. Deferred income brought forward Income received during period Income released during period 51,950 177,550 (51,950) 70,000 31,950 (50,000) Deferred income carried forward 177,550 51,950 Grant income is deferred where there are performance related conditions attached to the grant which have not been met as at the balance sheet date. Page 44

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS Net movement in funds At 114123 Transfers At 3113124 Unrestricted funds General fund 892,152 81,068 973,220 Restricted funds Brighter Futures Community Cwtches Inspiring Futures St Johns Centre Cwtch Mawr 127,497 61,341 57,109 33,335 6,521 7,508 6.098 234.313 160,832 67,862 64,617 6,098 234,313 Endowment funds st John's Centre- Big Lottery Fund Teilo's Community Cwtch - Big Lottery Fund Teilo's Community Cwtch- Welsh Government 224,086 316,715 (19,645) (23,174) 204,441 293,541 500,000 500,000 TOTAL FUNDS 2,178,900 326,024 2,504,924 Net movement in funds, included in the above are as follows.. Surplus I (deficit) Income Expenditure Unrestricted funds General fund 553,773 (472,705) 81,068 Restricted funds Brighter Futures Community Cwtches Inspiring Futures st Johns Centre Cwtch Mawr 259,409 456,259 35,470 20,943 246,241 (226,074) (449,738) (27,962) (14,845) (11,928) 33,335 6,521 7,508 6,098 234,313 Endowment funds st John's Centre- Big Lottery Fund Teilo's Community Cwtch - Big Lottery Fund (19,645) (23,174) (19,645) 23,174) TOTAL FUNDS 1,572.095 (1.246,071) 326.024 Page 45

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAMILIES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS Comparatives for movement In funds Net movement in funds Transfers At 114122 At 3113123 Unrestricted funds General fund 873,409 18,744 892,153 Restricted funds Brighter Futures Community Cwtches Inspiring Futures St Johns Centre 85,554 45,180 17,793 59,998 {18,056) (20,757) 36,918 58.178 (18,862) 127,497 61,341 57,109 Endowment funds St John's Centre- Big Lottery Fund Teilo's Community Cwtch - Big Lottery Fund Teilo's Community Cwtch - Welsh Government 249,983 339,488 (25,897) (22,773) 224,086 316,715 500,000 500,000 TOTAL FUNDS 2,111,407 67,493 2,178,900 Net movement in funds, included in the above are as follows.. Surplus I (deficit) Income Expenditure Unrestricted funds General fund 355,145 (336,401) 18,744 Restricted funds Brighter Futures Community Cwtches Inspiring Futures ST Johns Centre 293,561 452,323 93,894 (233,563) (473,080) (35,716) 59,998 (20,757) 58,178 Endowment funds St John's Centre- Big Lottery Fund Teilo's Community Cwtch- Big Lottery Fund (25,897) (22,773) (25,897) (22,773 TOTAL FUNDS 1,194,923 1,127,430 67.493 Page 46

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY KNOWN AS FAITH IN FAIVIILIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- continued The funds which are unrestricted are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charitable company. The restricted funds are held for the following purposes.. Brighter Futures Project This fund is in relation to the Brighter Futures project which has been established to support the most vulnerable members of the community. The main grant funders are the Big Lottery, Children in Need, the City & County of Swansea West Glamorgan Regional Partnership and the Masonic Charitable Foundation. Community Cwtches This fund is in relation to the activities and management of the Community Cwtches ￿ntered in Bonymaen, St Teilo's, and Clase. The main grant funders for the Cwtches are CCS Children and Communities Grant and other City & County of Swansea grants. Inspiring Futures Project This fund is in relation to the Inspiring Futures project which has been established to engage and support members of the community who are economically inactive or long-term unemployed. The main grant funders are the Wales Council for Voluntary Action and The Waterloo Foundation. St John's Centre This fund is in relation to all expenditure associated with the managementofthe Family Centre based out of St John's Centre. The Centre is in the heart of Brecon and used by numerous groups with services including support classes for families in need. Cwtch Mawr This fund is in relation to Wales first'multibank, which was set up during the year. The Multibank provides a wider range of non-perishable goods, enabling businesses to redistribute surplus unsold items to people for free. The endowment funds are held for the following purposes.. St John's Centre- Big Lottery Fund This fund is in relation to the restoration and upkeep of the St John's Centre. Teilo's Community Cwtch- Big Lottery Fund & Welsh Government These funds relate to the restoration and upkeep of the St Teilo's Community Cwtch. 18. RELATED PARTY DISCLOSURES During the year the charity received grants totalling £66,055 (2023.. £61,154) from The Swansea & Brecon Diocesan Board of Finance Limited. During the year the charity recharged £45,092 P023.. £53,306) to the Swansea and Brecon Diocesan Council for Social Responsibility (Wellbeing Project Brecon). Additionally, the charity was owed £45,092 (2023.. £53,306) by this entity. 19. LEASE COMMirrMENTS At the balan￿ sheet date, the charity had total commitments under non-cancellable leases of £11.761 (2023.. £16,037). Page 47