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← Swansea And Brecon Diocesan Board For Social Responsibility

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 04440970 REGISTERED CHARITY NUMBER: 1095035

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

KNOWN AS FAITH IN FAMILIES

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Chair Person’s Report
1
Report of the Trustees
2 - 31
Report of the Independent Auditors32 - 35
Statement of Financial Activities36
Balance Sheet37
Cash Flow Statement38
Notes to the Cash Flow Statement39
Notes to the Financial Statements40 - 55
Detailed Statement of the Financial Activities56 - 57

SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

CHAIRPERSON’S REPORT FOR THE YEAR ENDED 31 MARCH 2025

2024/25 was another challenging but exciting year in the history of Faith in Families.

We were deeply honoured to receive the Child in Wales Charity of the Year award 2024. Attending the awards ceremony was a truly humbling experience, particularly witnessing the remarkable young people from across Wales who were recognised for their strength, resilience, and compassion. Their stories served as a powerful reminder that with the right support and focus, children and young people in our communities can truly flourish.

I would like to express my sincere thanks to my fellow trustees for their commitment and support throughout a year marked by both challenge and development. As a Board, we remain continually inspired by our dedicated and passionate staff team. Their ability to develop and adapt our services ensures we remain responsive to the needs of the children and families we serve. Central to our approach is treating every individual with dignity and respect; while working alongside them to help develop the tools they need to fulfil their potential.

At the heart of our work is a wish to live in a society where organisations like ours are no longer needed—where individuals and families have the resources to lead contented lives, free from the worries of poverty, and able to thrive.

Regrettably, during the period covered by this report, there has been no significant change to meaningfully reduce poverty levels in our city or beyond. However, Faith in Families has continued to play an important role in alleviating the impact of poverty on households, while also using our platform to advocate for policy and structural changes that are necessary to reduce the number of people living in poverty.

Last year, I stated that despite the rising number of people facing poverty, now is not the time for complacency or fatalism. This remains true. Now, more than ever, it is essential to focus on making a difference, both individually and collectively, by:

· Continuing to deliver our exceptional services to lessen the day-to-day impact of poverty on children and their families,

· Providing training, support, and advice to parents so they can become the positive role models they aspire to be for their children,

· Using our network of influence to raise awareness of the extent of poverty in our communities and building a movement for change, so we can campaign for the policy changes needed to reduce the number of people experiencing poverty.

Through our services, we have remained committed to these goals, further strengthened by the new Cwtch Mawr resource, which allows us to get essential goods to families in need.

Once again, we have been overwhelmed by the support from our volunteers, supporters, and corporate partners. Whether you have participated in bucket collections, crossed the Sahara, climbed the Welsh Three Peaks, helped prepare food at Cwtch Café, filled boxes at Cwtch Mawr, adopted us as your Charity of the Year, or contributed in any other way, we at Faith in Families are deeply grateful for your support.

At a time when the world can sometimes appear gripped by hatred and division, it brings me immense joy and hope to witness the numerous acts of kindness regularly carried out by people in the part of the world I call home.

Diolch yn fawr pawb.

Karen Devonshire Chair, Swansea and Brecon Diocesan Board for Social Responsibility

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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 5LA

Trustees and Board Members

The charities trustees during the year were:

Ms. K J Devonshire (Chair) The Venerable Alan Jevons Mrs. E Searle Revd. R Davies- Hannen Mr. J Lovell Ms. H R Bowden Ms. J J Harrington Mr. M P Jones Miss B Thomas Mr. R Davies Mrs. M Bayton (Appointed 5[th] December 2024) Revd. N King (Resigned 5[th] September 2024) Revd. I Drew Jones (Resigned 5[th] September 2024) Mr. J Meredith (Resigned 22[nd] April 2025) Mrs. J Parker (Resigned 4[th] September 2025) – Vice Chair Revd. L Morgan (Appointed 5[th] December 2024 – Resigned 4[th] September 2025) Revd. Jim Page Advisor/SRO/Chaplain Company Secretary Mrs S Atkins

Auditors Bevan Buckland LLP Statutory Auditors Ground Floor, Cardigan House Castle Court Llansamlet Swansea SA7 9LA

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS – Continued

Solicitors

George Tudor & De Winton Solicitors 8A High Street Brecon Powys LD3 7AL

Bankers

National Westminster Bank PLC 14/16A Oxford Street Swansea SA1 3AG

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. This document was reviewed and updated on 15[th] September 2022 to reflect more accurately what the organisation does in practice and to ensure that trustees/directors 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 necessary 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 four times annually and the day-to-day 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 informally, also assist with some of the service delivery. Several of the projects act as training venues for students on placement from a variety of educational establishments. Strategy, Fundraising, Finance, Governance and Assurances, Cwtch Mawr and Personnel sub-committees have been set up to increase trustee participation and engagement which 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, Governance and Assurances Sub-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 external audit arrangements including resourcing; review of plans and reports and assisting in reporting 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 internal HR Practitioner, 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.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT – Continued

All other sub-committees and working parties also have their own Terms of Reference to ensure that expectations and remits are clearly set out.

Induction and training of new trustees

Trustees are encouraged to attend appropriate training seminars, which are circulated from time to time. A full induction program 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 key operational and strategic roles. The total employee benefits of the key management personnel were £165,828.12.

The Board endeavors 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.

Partnership working

Our charity strongly believes in the values of working in partnership with statutory and voluntary organisations and the communities who share the ethos of our work, together tackling the issues of deprivation and meeting the needs of the families and children within their communities. By representation on a number of appropriate 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 rather than 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) Busy Bee Group Brecon Foodbank Best Start Swansea CAMHS in Reach team Case (UK) Ltd Children in Wales (Chief Executive Officer is a trustee and sits on the Policy Committee) Children's Play Team Children’s Rights Unit Citizens Advice Bureau Clase for All Clybiau Plant Cymru Communities for Work Community Connectors (Brecon) Community Paediatricians Community Police DACE Design to Smile Drug Aid DWP Early Help Hubs Early Language Development Team

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT – Continued

Eastside Foodbank Eastside Housing Office Educational Psychologists Employment Training Evolve Exchange Swansea Grace Church Family Housing Family Information Service Family Partnership Team Flying Start Food cycle Foodbank Swansea Fire Service Good Things Foundation Gower College Housing Officers Housing Options Info Nation Involve Humanities Health Hub Jigso Job Centre Kin Cymru Lifelong Learning Lamplighter Local Area Coordinators Local Councillors/AM's Local Community Centres Local Health Service Local libraries Local Police and PCSO’s Local Schools/Governing Boards/Education Department Menter Iaith Mind Mirus Mothers Union Mr. X National Day Nurseries Association Occupational Therapy One Stop Domestic Violence Support Parish of Sketty Play Opportunity Library Pobl Housing Group Powys Association of Voluntary Organisations Priory School Physiotherapists Road Safety Team SA1 Solutions Ltd. SNAP Cymru

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT – Continued

Social Services Speech and Language Speech Therapists Stepping Stones St Catwg Ministry Area St Teilo's of Caereithin 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) W.P.P.A - Wales Preschool Providers Association Whitehead-Ross Educations and Consulting Women's Aid Workways

Our CEO was involved in various partnerships over this reporting period:

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; 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, either with donations, time or skills, the benefits from 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.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT – Continued

Over this period, we have been fortunate to receive support from:

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STRUCTURE, GOVERNANCE AND MANAGEMENT – Continued

Cwtch Mawr Multibank Partners

We are partnered with a number of charities and groups throughout Swansea, who refer individuals and families to us for donations of essential items. At the moment our referral form is updated each week, depending on deliveries and stock fluctuations – and each week we ask our partners to use the most up-todate document to send in their referrals on. All collections are done via the partners we work with, as we are not a customer-facing site.

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STRUCTURE, GOVERNANCE AND MANAGEMENT – Continued

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT – Continued

Related parties

The Board have identified the following as related parties, due to the existence of common control or influence:

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 Easy Books Ltd. Our IT and telecom 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 and Personology.

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. Our CEO is the Child Protection Lead and has undergone robust training. Our Chair of Trustees has oversight of Safeguarding generally. All staff and volunteers (including Trustees) undergo safeguarding, first aid and food hygiene training which is regularly renewed and complies with best practice.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

GOING CONCERN

Following the successful award of the Children and Communities Grant, a substantial proportion of our core funding is now secure for at least a further year, with active discussions under way for subsequent years. Current arrangements give confidence through to March 2026, with the local authority indicating a recommissioning exercise will take place ahead of that date. Alongside this, we have secured multi-year grants for our Brighter Futures project from the BIG Lottery, and our Community Cwtch work from the Waterloo Foundation and the Moondance Foundation. Furthermore, our Comic Relief funding is now confirmed for Wales Multibank which we also hold assurances from Amazon of our unique, ongoing partnership. Our corporate fundraising and external appeals have continued to grow, broadening and strengthening our income base. We ended the year with higher cash reserves, placing us in a strong position for the year ahead. At the same time, we remain mindful that the fundraising landscape and government priorities are continually evolving.

The trustees have considered the external and internal factors that could impact going concern. Notwithstanding these uncertainties, the trustees are satisfied that the charity has adequate resources and committed income to continue in operational existence for the foreseeable future, and the financial statements have been prepared on that basis.

OBJECTIVES AND ACTIVITIES

The Charity’s objects (“the Objects”) are: for the prevention or relief of poverty for public benefit in Swansea by providing: grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty, in particular but not exclusively families with young children.

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 benefit when reviewing our aims 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 services 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:

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OBJECTIVES AND ACTIVITIES – Continued

Chief Executive Officer to whom day-to-day management has been delegated - Cherrie Bija, whose responsibility is 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 is responsible for the efficient management of operations, including administration of the organisation, particularly with 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 Company Secretary.

Finance Officer - Christopher Havard is 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 and Marketing and Social Media Assistant - Chelsey Thomas is 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.

Community Cwtch Manager/Project Lead – Suzanne Baker. 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 name just a few. They also run group sessions within schools and in the Community Cwtch’s.

Childcare Team Leader – Leanne Evans . Responsible for the quality and accessibility of Early Years Childcare and the smooth and successful transition into formal 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.

Volunteering Manager – Jo-Anne Zapettis – Recruits, inducts and coaches volunteers to access training and support, enabling them to utilise their skills and support our project delivery.

Fundraising Manager – supports a portfolio of corporate partnerships as well as building new relationships; looking for opportunities to maximise income generation; develop and support fundraising campaigns; events planning and coordination.

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 Diocese 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.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES – Continued

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.

ACHIEVEMENT AND PERFORMANCE

Community Futures – Child and Family Team – Suzanne Baker – Team Lead

Bonymaen, Clase and Teilo’s Community Cwtch’s:

April 2024 – March 2025

The Child and Family Team works closely alongside the Inspiring Futures (IF) Project. While both projects operate independently, they frequently collaborate to offer a holistic package of support and opportunities for families in Bonymaen, Clase, and Portmead. This blended model adds significant value to our service offer and strengthens team dynamics by fostering a "one team" approach while maintaining distinct areas of focus.

The Community Futures Team primarily supports families with children and young people who may be experiencing challenges such as parenting difficulties, poverty, social isolation, or low self-esteem. Through our work, we aim to increase confidence, connection, and a sense of belonging within the community—making space for fun, acceptance, and personal growth.

In addition to our core delivery, we were able to extend practical support to families thanks to funding from Swansea Council. This enabled us to provide supermarket vouchers and “meals in a bag” to families experiencing food insecurity. To ensure this support reached those most in need, we partnered with local schools, food banks, and health visitors.

At Christmas, we distributed Amazon vouchers, toys, and gifts (including donations from Mr X), and made referrals for families to receive Christmas food hampers. We also hosted a wonderful community Christmas Dinner at our Teilos Project for families to enjoy.

Between April 2024 and March 2025, we delivered a wide variety of services. During term time, we ran multiple weekly groups, including:

During the school holidays, our offer expanded to include themed activity sessions such as family breakfasts, beach trips, community picnics, bouncy castle sessions, visits to Ninja Warrior, and more.

We also partnered with other local services to co-deliver two large-scale family events at the Waterfront Museum, providing fun, free activities for children and families. Our team played a central role in the success of the annual Cwtch Mawr community events. Last summer alone, our Back to School events welcomed over

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ACHIEVEMENT AND PERFORMANCE – Continued

1,120 individuals , and we supported three Pamper Days , offering beauty and wellbeing services to over 240 community members , in collaboration with the IF team.

A key development this year was securing funding from Clase 4 All to recruit two part-time IF Workers and one ALN Co-ordinator—expanding our capacity and allowing for more targeted support, particularly for children with additional learning needs.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE – Continued

Brighter Futures – Linda Harle – Team Lead

This year, the Brighter Futures Project made significant gains in children’s and young people’s mental health and personal growth. We supported over 500 children, young people and parents/carers through targeted interventions designed to improve emotional wellbeing and everyday coping. Our work is driven by a simple truth: when children have safe, secure and trusted relationships, they are better able to learn, thrive and ask for help and the adults around them are better placed to respond.

Partnership is our power. Working hand-in-hand with 54 schools across Swansea, we delivered a whole-school offer tailored workshops, small-group programmes and one-to-one support that strengthened protective factors, reduced distress, and improved help-seeking. Teachers tell us our presence is timely and practical; children tell us they feel heard and understood.

Through these interventions, children and young people are gaining the tools to navigate challenges, naming feelings, regulating emotions, and building confidence to speak to a trusted adult. Just as importantly, we equip the adults in their lives parents, carers and school staff with strategies to notice early signs, respond with care, and walk alongside children through adversity.

To our funders and partners: thank you for believing in this mission and investing in real change for local families. And to our brilliant team: your dedication and compassion power everything we do. Looking ahead, we are committed to deepening our impact reaching more pupils, in a meaningful way, strengthening school collaboration, and ensuring every child we reach has the relationships and support they need to flourish.

Inspiring Futures Project – Natasha Cardone - Training and Community Development Coordinator (Overseen by Suzanne Baker)

The Inspiring Futures Project continues to play a vital role in supporting individuals and families across three Swansea communities. Our aim is to provide accessible learning opportunities, practical support, and community engagement that empower people to build brighter futures.

This year has been a remarkable one, filled with growth, achievements, and life-changing stories. We are proud of the progress made by learners, volunteers, and community members who, with our ongoing support, have been able to gain qualifications, improve wellbeing, and strengthen community spirit.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE – Continued

Achievements at a Glance

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Community Engagement and Support:

Community Days: -

Our community days have been a huge success, offering practical and emotional support to families. By providing free essentials, pamper items, and wellbeing treatments such as haircuts, facials, and waxing, we not only reduced financial pressures but also boosted confidence and dignity. Each event brought together more than 80 community members, creating a sense of belonging and connection

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE – Continued

Teilos Community Café

A major highlight this year was the opening of our Community Café in Teilos. Operated by dedicated volunteers every Friday morning during term time, the café has become a hub of friendship, learning, and support. Volunteers have gained skills in customer service, food preparation, teamwork, and fundraising, which in turn has improved their confidence and self-esteem.

Funds raised through the café directly benefited the community, including a memorable Christmas trip to Gower Fresh where families and children enjoyed a festive coach trip to meet Santa and the reindeer. This event not only spread joy but also strengthened community spirit.

Life-Changing Learner Journeys

Impact on Communities: - The Inspiring Futures Project has brought clear and lasting benefits to our communities

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ACHIEVEMENT AND PERFORMANCE – Continued

Volunteering Programme – Jo-Anne Zapettis – Volunteer Manager

The efforts of Faith in Families volunteers continue to play a vital role in advancing the organisation’s mission to tackle poverty and inequality. Through the selfless dedication of their time and compassion, our volunteers actively promote and uphold the values that lie at the heart of our organisational ethos.

Volunteering Programme

The appointment of a dedicated Volunteer Manager in June 2024 marked a significant step forward in strengthening our volunteering programme. This role has been instrumental in establishing a structured and supportive framework for volunteer engagement. As a result, participants have benefitted from increased confidence, the acquisition of new skills, and further encouragement and opportunities to undertake certificated learning opportunities. September 2025 will mark the appointment of a Volunteer Co-ordinator to further support development of the volunteer programme.

Focus is on offering more volunteering opportunities, especially to individuals who have real/perceived barriers to access opportunities for growth/development.

Embedding Volunteering within Organisational Practice

The following measures have been implemented to embed volunteering as a core function within Faith in Families:

Impact for Volunteers

Volunteering offers a wide range of benefits that extend beyond the immediate impact on the community. For individuals, especially those seeking personal development or progression into further education and employment, volunteering can be a transformative experience.

Volunteers at Faith in Families are offered opportunities in the following areas; Warehouse assistant, Play worker volunteer – in a variety of programmes, After school club volunteer, Kitchen assistant volunteer, Administrative assistant volunteer, Community Café Crew – a diverse range of volunteering activities to ensure that the café runs efficiently etc.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE – Continued

We have availability for a garden/DIY volunteer – the post has been advertised with no uptake to date.

It is envisioned that the volunteer roles at Faith in Families will continue to develop as we expand as an organisation.

Analysis of feedback and data from volunteers (formally and informally) report growth/development in the following:

1. Building Self-Confidence and Self-Esteem

Volunteering provides individuals with the opportunity to step outside their comfort zones and take on new responsibilities in our supportive Faith in Families environments. As individuals achieve goals, contribute meaningfully, and receive positive feedback, their self-confidence naturally grows. Regular engagement and feedback also fosters a stronger sense of purpose and identity, leading to improved self-esteem.

2. Developing Friendships and Social Connections

Faith in Families volunteers engage in our teams or community-based settings, creating opportunities for meaningful social interactions. These environments encourage cooperation, shared experiences, and a sense of belonging. Many volunteers develop lasting friendships, reducing feelings of isolation and improving overall mental wellbeing.

3. Access to Certificated Courses

Faith in Families offer volunteers access to free or subsidised training, including certificated courses in areas such as essential skills, first aid, paediatrics first aid, teaching assistant, food hygiene, child care, communication (this is not a comprehensive list). These qualifications not only enhance the volunteer experience but also strengthen CVs and professional portfolios. We plan to extend qualifications in 2025-26 to further expand opportunity and enhance partnership work with DWP.

4. Pathways to Further Education

Volunteering can serve as a gateway to further education. Through skill development and confidence building, individuals may feel more able and motivated to pursue education or vocational training. Some programmes directly link to educational opportunities (vocational supported hours) leading to credit-bearing learning opportunities/certificated outcomes. We have supported volunteers to move into formal education and exceed their own expectations.

5. Improved Employment Opportunities

The skills, experience, and qualifications gained through volunteering are highly valued by employers. Key competencies developed include teamwork, communication, time management, problem-solving, and leadership. Volunteers often find that their experience at Faith in Families opens doors to focused skills, apprenticeships and paid employment.

Volunteering Data – Individual/Corporate Volunteers

Individuals – Referrals from an organisation that I link with or self-referrals Volunteer enquiries - 148

Volunteer inductions - 91

Volunteer support – We currently have 42 regularly active volunteers with 12 volunteers going through the recruitment process. *This figure will always fluctuate and is experienced by other organisations that support volunteers.

Emphasis is on quality of experience as a volunteer. Thus, in turn, when volunteers ‘move forward’, they will reflect positively on their time within the organisation, and we will have gifted them a positive learning/training and developmental experience that they may carry with them into their future. Thus, embedding a culture of positivity around volunteering as a positive action.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE – Continued

Volunteers - Corporate employee support

We have an amazing pool of corporate employee volunteers, which is continuously growing. This year they have supported the multibank, events, fundraisers and assist in raising the profile of the organisation. Some organisations support with donated specialist skills/knowledge. * We have DIY/Paint dates planned in September for our Cwtches, starting with Clase to refresh and update our bases to ensure families have a warm, welcoming and comfortable space when accessing our programmes.

The diversity of our volunteer team is a true reflection of the vibrant and multifaceted community we are proud to support. Our volunteers bring a wide range of backgrounds, experiences, cultures, and perspectives, enriching our organisation and enhancing the quality of support we provide.

This diversity not only mirrors the communities we serve but also exemplifies the core values that guide our work — CARE: Compassion, Aspiration, Respect, and Empathy .

By championing diversity and embodying the CARE values in all that we do, our volunteer community plays a vital role in building a more inclusive, equitable, and compassionate society.

Case Study – Corporate employee Team – Veramed

This incredible team of three has been a powerhouse of support for the Multibank — from packing essential orders for vulnerable children and their families to volunteering at our ‘Back to School with a Cwtch’ event and supporting fundraising efforts.

Their time, energy, and commitment make a real and lasting impact.

“It was great to volunteer with you, knowing our time really makes an impact” Emily.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE – Continued

Case Study – Cai Williams

Cai experienced barriers in accessing a suitable work placement/volunteering opportunity whilst studying his G.C.S.E’s. I was keen to explore routes that would offer him an opportunity that would give him a ‘real life’ placement whilst being flexible enough to fit around his studies.

Cai attended weekly; became more confident in his outlook, developed new skills, became more focused on his studies and planning for his future.

A positive update – Cai has completed his G.C.S.E’s with exceptional results and is about to attend college to study A Level subjects to include Maths (his favourite subject).

I am delighted that Faith in Families were able to support him on his journey.

‘Volunteering makes me feel good, and it makes me happy, makes me feel I am making a difference’. – Cai

Parents feedback, ‘I cannot explain in words what this means to Cai. I

have already said I don’t think he would have this opportunity elsewhere due to his needs but also the recognition of Jo-Anne in meeting these and not being put off. This means his emotional; well-being, mental health and confidence has improved no end along with his anxiety. It has meant that someone has given him a chance. He has struggled immensely in school and this has shown him that it doesn’t mean that everything is the same as school.

Student volunteers

Continued relations with Swansea university/Discovery programme, Gower College and schools ensure a diverse volunteer pool of young adults that bring bright, evolved ideas on volunteering opportunities which we are excited to explore.

Volunteer Quotes

“Volunteering has been beneficial for me as it has allowed me to develop my confidence, learn new skills and gain qualifications”. Danielle

“Volunteering was a very beneficial experience which not only assisted me in my assessment for college but also was a very enjoyable experience throughout”. Tia

‘‘Volunteering at Faith in Families makes me feel part of a team, valued, appreciated and part of something special”. Shannon

“I’ve really enjoyed my time volunteering. It was great to give something back”. Rachel (Education Sector)

Volunteering focus at Faith in Families is about the individual, offering person centred training and mentoring to enable people to reach their goals and potential. Our focus is to have a volunteer team that reflects the community that we support, so that the voice that we listen to is authentic and reflective of the community that we serve.

Faith in Families recognises and values the vital contribution of its volunteers. Through the strategic development of the volunteering programme and the implementation of robust support systems, we continue to empower individuals to make meaningful contributions, while also promoting personal development and resilience. This work remains essential to our continued efforts to challenge and overcome poverty and inequality in our communities.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE – Continued

Fundraising – Siany Martin – Fundraising Manager

Over the past year, fundraising has grown in strength, visibility, and creativity. Some of our highlights include:

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE – Continued

College Swansea and the Trade Centre Group, who have since supported us with sponsorship and advertising.

We built strong corporate and community links, including:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE – Continued

Faith in Families Circus -Themed Birthday Ball

Our flagship event of the year raised over £40,000. With themed décor, entertainment and a strong auction and raffle, it was one of our most successful Balls to date. Beyond income, it strengthened our relationships with sponsors and brought new faces into the Faith in Families community. Although the ball took place 4[th] April 2025 at least half of the funds came in before this.

Achievements Since April 2025 (new financial year so far)

Teilo’s Tots Day care - Leanne Evans, Childcare Manager Supported by Natalie Stevens and Kayleigh Doidge

2024/25 saw many challenges in trying to ensure fair pay to staff and a fair price to local families, without compromise to our core work. Various options were considered around possible funding streams in ensuring sustainability going forward and the difficult decision was made to seek a nursery able to take on the much loved and well regarded nursery provision. A rigorous scoping exercise and tender process was undertaken and from 1[st] April 2025, Schoolhouse Daycare set up Teilo’s Tots CIC to continue to run the setting alongside our community activities within Teilo’s Community Cwtch.

Cwtch Mawr – Wales’ First Multibank

Cwtch Mawr completed its first full financial year with strong operational delivery and an independently verified impact. The Social Value Lab evaluation estimates that every £1 invested created £5.90 of social value across Swansea, with benefits flowing to families, public services, and the local economy. The service model proved effective at protecting dignity while supporting practical need, and it is now positioned for safe scale-up in 2025–26.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE – Continued

Key results for the year:

Infrastructure: Transition to new 15,000 sq ft site advanced with M&E surveys, access control, data networking and risk assessment to enable phased occupation. Amazon deliveries began diverting to the new address. Looking ahead, the focus was to complete the move to a larger facility, lock a stable weekly intake plan with Amazon and other investors, embed Veeqo for inventory and order orchestration, and deliver seasonal campaigns that align stock with need. Success will be measured through unique people supported, goods-in to goods-out balance, fulfilment lead times, and partner satisfaction.

Project overview:

Cwtch Mawr is Faith in Families’ multibank hub for essential goods. Working with investors such as Amazon and 20+ donating businesses, we coordinate inbound stock, safe storage, and dignified distribution via 116 referral partners across Swansea. The model prioritises practical support, choice, and respect while reducing pressure on public services.

Achievements in FY 2024–25:

Delivery highlights for the reporting period include a verified social value ratio, scaled distribution capacity, and tighter processes that supported safe growth.

Indicator Result (FY 2024–25)
SROI (independent evaluation) **£5.90 per £1 invested
Units in 592,962 units in
Units out 471,622 units out
Referral partners using the service 116 partner organisations
Donating businesses engaged 22 donating businesses
Unique adults supported 7,666 unique adults supported*
Unique children supported 2,710 unique children supported*

*Internal records/distribution only

Successes in the year:

Process and systems: Triaged CWL1 intake, improved referral UX on JotForm, defined pick-path inventory, and dependable volunteer scheduling through community partners.

Partnerships and programmes: Expansion of donating businesses beyond Amazon; targeted community events distribution; strong partner testimonials on reduced stress and improved weekly budgets.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE – Continued

Cwtch Mawr supported community events with targeted distributions, from employability days and family fun days to cooking classes and Eid, where toys and tableware were provided at scale. Feedback from partners in the evaluation highlights improved weekly budgets, reduced stress, better family functioning and healthier routines for children, reinforcing the case for preventative impact across the local system.

Secured direct trailer flows including an EMA4 hygiene load, plus 1,000 hygiene kits with Veeqo. Agreed a quarterly campaign calendar with Veeqo covering Summer, Back to School, Cooking and Christmas.

Learnings and surprises

Material handling and MHE reliability remain critical; ergonomic clarity for high-volume partners improves pick accuracy; and clear campaign planning smooths weekly variability in intake.

Forklift reliability issues were a drag on March operations; stock visibility and referral form ergonomics can be improved for high-volume partners; and SIM distribution requires renewed centre engagement. Exit planning on the refuse contract also needs attention within the notice window.

Partner feedback highlights:

Partners report that access to essentials improves family finances, stability, and wellbeing. Referrals confirm positive changes in household routines and children’s readiness for school. Environmental and social impact (conservative summary).

Cwtch Mawr avoided an estimated 3,168 tCO ₂ e of emissions across 1 April 2024 to 31 March 2025, consistent with the methodology published in our Monthly Papers. This equates to ≈ 5,280 tree seedlings grown for 10 years to absorb the same CO ₂ (EPA factor 0.060 tCO ₂ per tree per year, 10-year basis), ≈ 3,168 acres of average forest sequestering CO ₂ for one year (1,282 hectares). Circular redistribution prevents usable goods from sitting idle and reduces the need for new production. These environmental benefits are realised alongside primary social outcomes.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE – Continued

St Johns Centre - Jamie Parry- Centre Manager and Belinda Butcher

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.

Executive Summary

Our vision is simple and bold: every child in Swansea enjoys their childhood. Our mission is to stand alongside children and young people supporting their families and the adults in their lives so that safe, secure places and trusted relationships are the norm. Guided by our values of dignity, hope, partnership and action, we aim to be Swansea’s lead charity for children and young people. Child poverty is everyone’s business; rates are rising and pulling more families into hardship, while children’s mental health and wellbeing services are stretched and demand is outpacing capacity. We will stand firm together to advocate for children’s futures while ensuring that today they are seen, heard and able to be children building Brighter Futures across our communities.

2023–24 was a year of practical progress and collective resolve. Through Cwtch Mawr and deep collaboration with schools, we put trusted relationships at the centre equipping children with tools to navigate challenges and adults with the skills to respond well to adversity.

Organisationally we are robust: diversified income, secured Comic Relief funding, and assurances of our unique ongoing partnership with Amazon, alongside continued Children & Communities Grant support. Trustees have confirmed going concern. In a context of growing poverty and stretched services, we will keep adapting, strengthening partnerships and relentlessly building Brighter Futures so children can flourish now and for the long term. And finally, from me: heartfelt thanks to an incredible bunch of Trustees and our whole team I am proud to be part of such a fantastic, committed, passionate group who go above and beyond every day with compassion and kindness, who have faith in our children, inspire them, and believe in them and in each other so that every child in Swansea has a great place to live, grow, work and play.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW

Performance in the year

Financial position

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 II listed status in part. Therefore, the Board have an obligation to ensure appropriate upkeep and maintenance plans are in place. The reserve policy takes this obligation into account.

FINANCIAL REVIEW, continued

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 Minimum
9 Months of Running Costs 756,000
6 Months of Running Costs 504,000
Contingency for Late Payment of Grants 130,000 130,000
Building Maintenance Fund 150,000 150,000
Cwtch Mawr Expansion 150,000 150,000
ST Margaret’s Capital Build Contingency 120,000 120,000
Staff Redundancy Reserve 93,000 93,000
Reserves target 1,129,000 877,000

At the balance sheet date, the charity held £1,019,087 in unrestricted funds, 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 £109,913.

Principal funding sources

We are grateful to the following agencies, organisations and individuals for their support this year:

Anonymous Donors Big Lottery Caredig City and County of Swansea Coastal Housing/Beacons Cymru Comic Relief Corporate business donations Diocesan Board of Finance Local churches and parishes Pobl McDonald Trust (received on behalf of the Anna Chaplaincy project – to cover costs of parish worker) Moondance SBUHB The West Glamorgan Regional Partnership Waterloo Foundation Welsh Government

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FUTURE PLANS AND FUNDING

One of the most exciting developments is the progress of our application for funding for the transformation of St Margaret’s Church into a dedicated space for service delivery. This purpose-built or adapted venue will allow us to move away from unsuitable shared community spaces that currently restrict our capacity to deliver the best-quality services. Having a fit-for-purpose venue will enable us to offer a broader range of sessions in an environment that truly meets the needs of local families. This development is a vital step forward—one that brings dignity, flexibility, and long-term sustainability to our work.

We are also in the early stages of developing Cwtch Cubbies across our three communities. These will serve as storage and distribution hubs for essential items at our Community Cwtch’s, allowing us to support families facing hardship more efficiently and discreetly.

Fundraising: Future Plans

Looking ahead, we will:

Cwtch Mawr:

Forward look (next 6–9 months)

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FUTURE PLANS AND FUNDING - Continued

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of Swansea and Brecon Diocesan Board for Social Responsibility Limited for the purposes of company law) 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY LIMITED KNOWN AS FAITH IN FAMILIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES RESPONSIBILITIES - Continued

In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the 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 so far as the trustees are aware:

AUDITORS

The auditors, Bevan Buckland, 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: Signature ……………………………. Karen Devonshire (Chairperson)

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

Opinion

We have audited the financial statements of Swansea And Brecon Diocesan Board For Social Responsibility T/A Faith in Families (the 'charitable company') for the year ended 31 March 2025 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' 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 report.

Other matters

The financial statements of the charity for the year ended 31 March 2024 were audited by another auditor who expressed an unmodified opinion on those statements on 12 December 2024.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors 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 misstatement 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 report in this regard.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities 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 charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

Our responsibilities for the audit of the financial statements

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 accordance 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2024 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following: reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.reviewing the financial statement disclosures and testing to supporting documentation to assess compliance.

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.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alison Vickers (Senior Statutory Auditor) for and on behalf of Bevan Buckland LLP (Statutory Auditors) Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Date: .............................................

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
205,229
Charitable activities
4
Charitable activities
55,582
Investment income
3
5,469
Total
266,280
EXPENDITURE ON
Charitable activities
5
Charitable activities
137,278
Other
46,843
Total
184,121
NET INCOME
82,159
RECONCILIATION OF
FUNDS
Total funds brought forward
1,971,202
TOTAL FUNDS CARRIED
FORWARD
2,053,361		 Restricted
funds
£
285,301
1,744,069
-
2,029,370
1,358,624
12,650
1,371,274
658,096
533,722
1,191,818		 2025
Total
funds
£
490,530
1,799,651
5,469
2,295,650
1,495,902
59,493
1,555,395
740,255
2,504,924
3,245,179		 2024
Total
funds
as restated
£
433,503
1,133,647
4,945
1,572,095
1,192,558
53,513
1,246,071
326,024
2,178,900
2,504,924

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

BALANCE SHEET 31 MARCH 2025

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
1,034,274
Investments
14
5,258
1,039,532
CURRENT ASSETS
Debtors
15
25,341
Investments
16
15,533
Cash at bank and in hand
1,108,771
1,149,645
CREDITORS
Amounts falling due within
one year
17
(135,816)
NET CURRENT ASSETS
1,013,829
TOTAL ASSETS LESS
CURRENT LIABILITIES
2,053,361
NET ASSETS
2,053,361
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
95,108
-
95,108
156,850
-
1,024,132
1,180,982
(84,272)
1,096,710
1,191,818
1,191,818		 2025
Total
funds
£
1,129,382
5,258
1,134,640
182,191
15,533
2,132,903
2,330,627
(220,088)
2,110,539
3,245,179
3,245,179
2,053,361
1,191,818
3,245,179		 2024
Total
funds
as restated
1,084,471
5,258
1,089,729
119,338
15,533
1,506,120
1,640,991
(225,796)
1,415,195
2,504,924
2,504,924
1,971,202
533,722
2,504,924

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

............................................. Mrs K J Devonshire - Trustee

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2025
£
725,718
725,718
(104,404)
5,469
(98,935)
626,783
1,506,120
2,132,903		 2024
as restated
£
538,771
538,771
(44,925)
4,945
(39,980)
498,791
1,007,329
1,506,120

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2025
£
740,255
59,493
(5,469)
(62,853)
(5,708)
725,718		 2024
as restated
£
326,024
53,513
(4,945)
54,380
109,799
538,771

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Liquid resources
Deposits included in cash
Current asset investments
Total		 At 1.4.24
£
1,506,120
1,506,120
-
15,533
15,533
1,521,653		 Cash flow
£
626,783
626,783
-
-
-
626,783		 At 31.3.25
£
2,132,903
2,132,903
-
15,533
15,533
2,148,436

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The charitable company's functional and presentational currency is the pound sterling (£) and balances 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:

(i) Impairment reviews

The trustees carry out annual reviews of fixed assets to assess whether there are any indications of impairment. Where indications of impairment exist, 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 statement of financial activities, within the relevant cost category to which the asset relates.

(ii) 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 of economic utilisation and physical condition of the assets.

Income

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 subject to 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 charitable company.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

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 between 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, together with an apportionment of overhead and support costs.

Allocation and apportionment of 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 centre. The allocation of support and governance costs is analysed in note 7.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property 10% on cost and over the term of the lease (see note 11) Computer equipment 25% on cost Fixtures and fittings 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

The charity is exempt from corporation tax on its charitable activities and any irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Restricted funds relate to the specific centres operated by the charity and are classified by these centres.

The charity received significant grants for the specific purpose of refurbishing and fitting out 'Community Cwtches'. There are no externally imposed restrictions except 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

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

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Donated goods and services

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.

Investments

Other financial assets, including investments in equity instruments are initially measured at fair value, which is normally the transaction price.

Such assets that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Current asset investments

Current asset investments are investments which the charity holds for resale or pending their sale and cash or cash equivalents with a maturity date of less than one year. This includes cash on deposit and cash equivalents with a maturity of less than one year held for negligible risk investment purposes rather than to meet short-term cash commitments as they fall due.

Operating leases

Rentals paid under operating leases are charged as expenditure on a straight-line basis over the period of the lease.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective method.

Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's statement of financial position when the charity becomes party to the contractual provisions of the instrument.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from fellow group companies that are

classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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 2026 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 existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in preparing the financial statements.

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Donations
136,101
Grants
69,128
205,229		 Restricted
Endowment
funds
funds
£
£
191,521
-
93,780
-
285,301
-		 2025
2024
as restated
Total
Total
funds
funds
£
£
327,622
133,762
162,908
299,741
490,530
433,503

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Diocesan Finance Board
Management fees
Capital grant
Mcdonalds Trust
Internship grant
St James' Place
Cash 4 Kids
CAF
Austin Bailey
Other
Beacon Cymru/Pobl/Caredig (Previously Coastal/Pobl/Caredig)
Moondance		 2025
2024
as restated
£
£
69,128
66,055
-
3,025
-
9,800
-
3,050
-
4,590
-
2,500
-
5,100
-
4,000
-
5,000
-
2,630
-
100,000
93,780
93,991
162,908
299,741

Included within donations is an amount of £104,000 (2024 - £26,136) in respect of donated services relating to seconded employees to the Cwtch Mawr project.

3. INVESTMENT INCOME

Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Deposit account interest
5,469
-
-
INCOME FROM CHARITABLE ACTIVITIES
Activity
Project income
Charitable activities
Grants
Charitable activities
Grants received, included in the above, are as follows:
Capital grant
Carried forward		 Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Deposit account interest
5,469
-
-
INCOME FROM CHARITABLE ACTIVITIES
Activity
Project income
Charitable activities
Grants
Charitable activities
Grants received, included in the above, are as follows:
Capital grant
Carried forward		 2025

Total
funds
£
5,469
2025
£
334,717
1,464,934
1,799,651
2025
£
67,785
67,785		 2024
as restated
Total
funds
£
4,945
2024
as restated
£
312,258
821,389
1,133,647
2024
as restated
£
-
-

4. INCOME FROM CHARITABLE ACTIVITIES

Grants received, included in the above, are as follows:

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Brought forward
Other
Coast Funding
Big Lottery
Masonic Charitable Foundation
CCG Children & Communities
CCS Enabling Communities
CCS Holiday Food Fund
CCS
WGRIF
SCVS
POBL Trust
Swansea Bay University
The Waterloo Foundation
Comic Relief
Swansea Council
Swansea Bay University - Child Poverty
Swansea Bay University Health Board
Third Sector Policy & Support
Direct Food Support Fund
Period Poverty
Summer Holiday Food Fund
Winter Wellbeing		 2025
£
67,785
700
15,000
97,092
-
350,000
-
-
-
79,946
73,300
70,000
-
30,000
150,000
100,000
7,522
61,065
300,000
8,104
5,880
15,300
33,240
1,464,934		 2024
as restated
£
-
57,137
20,000
99,163
40,000
350,000
31,246
35,310
25,700
59,959
54,100
17,500
19,987
11,287
-
-
-
-
-
-
-
-
-
821,389

5. CHARITABLE ACTIVITIES COSTS

Grant
funding of
activities
Direct
(see note
Costs
6)
£
£
Charitable activities
1,432,026
44,175
6.
GRANTS PAYABLE
Charitable activities
Grants payable include the following grants awarded:
Swansea and Brecon Diocesan Council for Social Responsibility
(Wellbeing Project Brecon)
Gift vouchers to individuals		 Support
costs (see
note 7)
£
19,701
2025
£
44,175
2025
£
17,000
27,175
44,175		 Totals
£
1,495,902
2024
as restated
£
51,138
2024
£
-
51,138
51,138

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

7. SUPPORT COSTS

SUPPORT COSTS
Support
Finance costs Totals
£ £ £
Charitable activities 2,601 17,100 19,701

8. NET INCOME/(EXPENDITURE)

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

Audit fees
Depreciation - owned assets		 2025
2024
as restated
£
£
17,100
11,431
59,493
53,513

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
2024
as restated
£
£
857,438
795,791
68,047
59,560
62,745
55,318
988,230
910,669

The average monthly number of employees during the year was as follows:

Charitable activities
Administrative staff		 2025
2024
as restated
40
35
5
5
45
40

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

10. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
as restated
£60,001 - £70,000 1 1

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 benefits of the key management personnel were £165,351 (2024 - £153,471).

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

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
236,570
312,258
4,945
553,773
462,011
53,513
515,524
38,249
1,932,953
1,971,202		 Restricted
funds
£
196,933
821,389
-
1,018,322
730,547
-
730,547
287,775
245,947
533,722		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-		 Total
funds
as restated
£
433,503
1,133,647
4,945
1,572,095
1,192,558
53,513
1,246,071
326,024
2,178,900
2,504,924

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. PRIOR YEAR ADJUSTMENT

During the year, it was identified that an amount previously presented as an endowment fund had been incorrectly classified. On review, the fund does not meet the definition of an endowment under the Charity SORP (FRS 102) as there are no permanent restrictions on the use of capital.

The balance has therefore been reclassified as a designated fund within unrestricted reserves.

This designated fund represents the net book value of unrestricted fixed assets, which the trustees have set aside to reflect their intention that these assets are held for the charity’s ongoing use and not for general expenditure.

The adjustment has been applied retrospectively, and comparative figures have been restated accordingly. There is no impact on total funds or the charity’s financial position

13. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Improvements
Fixtures
to
and
property
fittings
£
£
1,516,593
21,358
16,978
3,491
1,533,571
24,849
446,603
12,126
45,542
4,391
492,145
16,517
1,041,426
8,332
1,069,990
9,232		 Motor
vehicles
£
-
80,000
80,000
-
5,833
5,833
74,167
-		 Computer
equipment
£
73,843
3,935
77,778
68,594
3,727
72,321
5,457
5,249		 Totals
£
1,611,794
104,404
1,716,198
527,323
59,493
586,816
1,129,382
1,084,471

The net book values of St John's and St Teilo's at the balance sheet date were £184,875 and £854,808 (2024: £204,520 and £863,728) respectively. The expenditure on the St Teilo's property 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 property, St Teilo's church in Swansea.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

14. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 April 2024 and 31 March 2025 5,258
NET BOOK VALUE
At 31 March 2025 5,258
At 31 March 2024 5,258

There were no investment assets outside the UK.

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Accrued income
Prepayments
16.
CURRENT ASSET INVESTMENTS
National savings account
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses		 2025
£
36,679
124,262
21,250
182,191
2025
£
15,533
2025
£
17,185
18,771
24,430
140,950
18,752
220,088		 2024
as restated
£
76,684
41,872
782
119,338
2024
as restated
£
15,533
2024
as restated
£
15,880
11,561
6,199
177,550
14,606
225,796

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.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. LEASING AGREEMENTS

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

Within one year
Between one and five years		 2025
2024
as restated
£
£
89,277
4,276
344,277
7,485
433,554
11,761

Subsequent to the year-end, the lease on the former premises was terminated in June 2025. The building remained in use until that date, and no penalties were incurred. The decision to vacate was made prior to the year-end.

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
St John's Wellbeing Centre
St Margaret's Church capital
development
Cwtch Mawr Project support
Designated fund - Fixed assets
Restricted funds
Brighter Futures
Community Cwtches
Inspiring Futures
St John's Centre
Cwtch Mawr
TOTAL FUNDS		 At 1.4.24
£
907,063
-
-
-
1,064,139
1,971,202
160,832
67,862
64,617
6,098
234,313
533,722
2,504,924		 Net
movement
in funds
£
82,159
-
-
-
-
82,159
33,745
34,521
(2,039)
-
591,869
658,096
740,255		 Transfers
between
funds
£
(390,135)
150,000
120,000
150,000
(29,865)
-
-
-
-
-
-
-
-		 At
31.3.25
£
599,087
150,000
120,000
150,000
1,034,274
2,053,361
194,577
102,383
62,578
6,098
826,182
1,191,818
3,245,179

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Brighter Futures
Community Cwtches
Inspiring Futures
Cwtch Mawr
TOTAL FUNDS		 Incoming
resources
£
266,280
214,037
736,525
57,167
1,021,641
2,029,370
2,295,650		 Resources
expended
£
(184,121)
(180,292)
(702,004)
(59,206)
(429,772)
(1,371,274)
(1,555,395)		 Movement
in funds
£
82,159
33,745
34,521
(2,039)
591,869
658,096
740,255

Comparatives for movement in funds

Unrestricted funds
General fund
Designated fund - Fixed assets
Restricted funds
Brighter Futures
Community Cwtches
Inspiring Futures
St John's Centre
Cwtch Mawr
TOTAL FUNDS		 At 1.4.23
£
892,152
1,040,801
1,932,953
127,497
61,341
57,109
-
-
245,947
2,178,900		 Net
movement
in funds
£
38,249
-
38,249
33,335
6,521
7,508
6,098
234,313
287,775
326,024		 Transfers
between
funds
£
(23,338)
23,338
-
-
-
-
-
-
-
-		 At
31.3.24
£
907,063
1,064,139
1,971,202
160,832
67,862
64,617
6,098
234,313
533,722
2,504,924

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Brighter Futures
Community Cwtches
Inspiring Futures
St John's Centre
Cwtch Mawr
TOTAL FUNDS		 Incoming
resources
£
553,773
259,409
456,259
35,470
20,943
246,241
1,018,322
1,572,095		 Resources
expended
£
(515,524)
(226,074)
(449,738)
(27,962)
(14,845)
(11,928)
(730,547)
(1,246,071)		 Movement
in funds
£
38,249
33,335
6,521
7,508
6,098
234,313
287,775
326,024

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
St John's Wellbeing Centre
St Margaret's Church capital
development
Cwtch Mawr Project support
Designated fund - Fixed assets
Restricted funds
Brighter Futures
Community Cwtches
Inspiring Futures
St John's Centre
Cwtch Mawr
TOTAL FUNDS		 At 1.4.23
£
892,152
-
-
-
1,040,801
1,932,953
127,497
61,341
57,109
-
-
245,947
2,178,900		 Net
movement
in funds
£
120,408
-
-
-
-
120,408
67,080
41,042
5,469
6,098
826,182
945,871
1,066,279		 Transfers
between
funds
£
(413,473)
150,000
120,000
150,000
(6,527)
-
-
-
-
-
-
-
-		 At
31.3.25
£
599,087
150,000
120,000
150,000
1,034,274
2,053,361
194,577
102,383
62,578
6,098
826,182
1,191,818
3,245,179

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Brighter Futures
Community Cwtches
Inspiring Futures
St John's Centre
Cwtch Mawr
TOTAL FUNDS		 Incoming
resources
£
820,053
473,446
1,192,784
92,637
20,943
1,267,882
3,047,692
3,867,745		 Resources
expended
£
(699,645)
(406,366)
(1,151,742)
(87,168)
(14,845)
(441,700)
(2,101,821)
(2,801,466)		 Movement
in funds
£
120,408
67,080
41,042
5,469
6,098
826,182
945,871
1,066,279

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.

Designated funds

Unrestricted fixed assets

The trustees have designated an amount equivalent to the net book value of unrestricted tangible fixed assets. This designation reflects the trustees’ intention that these assets are held for the charity’s ongoing operational use and are therefore not available for general expenditure. While the fund remains part of unrestricted reserves, it is set aside to acknowledge that these resources are not readily realisable for other purposes without impacting the charity’s ability to deliver its objectives

St John's Wellbeing Centre

For essential maintenance at St John's Wellbeing Centre, in accordance with lease obligations to keep the building in good repair.

St Margaret's Church capital development

This fund is towards project management for the planned capital development of St Margaret's Church into an integrated health and care hub.

Cwtch Mawr support

To support Cwtch Mawr as in-kind support decreases, enabling the initiative to maintain staffing and continuity of service.

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.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. MOVEMENT IN FUNDS - continued

Community Cwtches

This fund is in relation to the activities and management of the Community Cwtches centred 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 management of the 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.

20. RELATED PARTY DISCLOSURES

During the year the charity received grants totalling £69,128 (2024 - £66,055) from The Swansea & Brecon Diocesan Board of Finance Limited.

The charity also recharged staff costs totalling £18,877 (2024 - £45,092) to the Swansea and Brecon Diocesan Council for Social Responsibility (Wellbeing Project Brecon).

Additionally, the charity provided the Swansea and Brecon Diocesan Council for Social Responsibility (Wellbeing Project Brecon) a grant of £17,000 to cover the staff costs

At the 31st March 2025 the charity was owed £1,877 (2024 - £45,092) by this entity.

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Investment income
Deposit account interest
Charitable activities
Project income
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Light and heat
Telephone
General running costs
Training costs
Travel
Holiday trips and play
Healthy options costs
Rent of premises
Equipment and materials
Bad debts
Donated services
Fundraising costs
Insurance
Computer hardware and software
Motor running costs
Grants to individuals
Other
Improvements to property
Fixtures and fittings
Carried forward		 2025
£
327,622
162,908
490,530
5,469
334,717
1,464,934
1,799,651
2,295,650
857,438
68,047
62,745
33,738
12,655
113,602
17,759
10,027
12,853
1,836
45,973
15,548
4,811
104,000
29,359
12,356
20,173
9,106
44,175
1,476,201
45,542
4,391
49,933		 2024
as restated
£
133,762
299,741
433,503
4,945
312,258
821,389
1,133,647
1,572,095
795,791
59,560
55,318
22,608
11,214
39,374
14,781
9,187
18,839
169
2,653
24,978
20,152
26,136
514
11,182
12,871
-
51,138
1,176,465
44,229
4,248
48,477

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SWANSEA AND BRECON DIOCESAN BOARD FOR SOCIAL RESPONSIBILITY T/A FAITH IN FAMILIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Other
Brought forward
Motor vehicles
Computer equipment
Support costs
Finance
Bank charges
Support costs
Auditors' remuneration
Governance costs
Total resources expended
Net income		 2025
£
49,933
5,833
3,727
59,493
2,601
17,100
-
17,100
1,555,395
740,255		 2024
as restated
£
48,477
-
5,036
53,513
1,546
11,431
3,116
14,547
1,246,071
326,024

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