REGISTERED COMPANY NUMBER: 03179464 (England and Wales} REGISTERED CHARITY NUMBER.. 1098229 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 202S FOR DEWIS CENTRE FOR INDEPENDENT UVING Bevan BucldarKI LLP Chartered Accountsnts And Slalutory Auditors Ground Flc*N Cardigan House Casue Court Swansèa Enterprisè Par Swansea SA7 9LA DEWIS CENTrE FOR INDEPENDENT UVING CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pa9e Rèport of thè Trustees 1 to S R•port of th• Ind•pendent Auditors 6 to 8 Statement tsf Flnan¢lal A¢bvitles Balance Sheet 10 Cash Flow Ststement 11 Notes to the Cash Flow *atemerrt 12 Notes to thè Flnancial SLitements 13 to 21 DEWIS CENTRE FOR INDEPENDENT UVING IREGISTERED NUMBER: 03179464 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Tha truste8s ar8 rA&asÈd to pr6sènt their annual directr)rs' rèport togèther with thè financial statements of thè charity for th8 yaar ￿nd￿j 31 March 2025 whi¢* are also pl￿re payr(Als. issuing some 77.300 pay51ips. Of the 2.037 service users. 1,281 had a managed account. some 43.500 iT￿l￿dual payments through the charity's bank account. In sddition, the 285 individuals ceasing with the service would have needed wued annual leave and possibly in lieu of notice and redundancy payments to be calculaled. An in¢￿ible amount ofsupwt wovKled by the pa￿011 team. During 24125, the Organi5ation was awa￿ Ihat the payroll software being used was going to be tTwle obsolete and plans wer8 madg to look for a r8plac8rn8nt of th8 IRIS Sofiware package EARNIE. Towards the end of thg year the r8plac8rn8nt was idgntrf18d and Ihe payr(Al team began parallel runniw PRIMO wrth EARNIE. lo ensure that the ￿p￿cement software was fit wrpose. The ew 50ftware 15 web-ba5ed and will allow service use[5 and Iheir PAS lo acces5 certain areas wilhin the software. PAS wll be able to vipw their payslips and service usets can vlew their cop*5 of the payslips but rf they wish to take grealei ci)ntrol of their payroll, they are able k> entÉr thwr PA5 hours dir8dy into Ihe software. view paWip5, HMRC PAYE liabililEs and much mie. Recruilment of Personal Assistants ￿MaInS the focus of the wder Oirect Payments team. The Advisors. service users are dependent uwn rectuiling a PA to support with Iheii assessed needs and rECtuiling the right person is paramtyjnt to the DP success. During the year 24125, the recmitment team advetbsed approxitnatey 400 new jobs and received approximately 1,400 8pplications for these positions. Working togelher wth the Acvi50r and the Ser¥￿e u5w lo organise and attend Interviews, mak8 job offws, undèrtgke rèfèrÈrn￿s and conduct DBS checks 8s w thè I￿1 a￿th￿lieS DP guKl8ncè. The Advocacy deparlment saw an Increase in demand lor rts services. exacerbaled by the requirement lor the spol purchase ol pa￿ntaI adv(tscy, supporbng adults cimjrt pn)ceedings in respecl of Iheir children. Acrtsss the Organisatson's numerous Advoeaey contraetg for Indepèndent Professional Advocxy and communily 8d4oeacy. thè tèam r￿[Ved 870 adult rèfèrrals, èach neéding an advocate during the year, Ihis is in addition l.) the cases thal were still being 5UPPOrted from the previou5 year increasecl this figure lo over 900. The work underfaken v•ilh indtviduals can be varied and Is nol tsme censored, which led to an incredibly busy depathenl. Tha smooth-njnning trf thè Organisation ultimatèly dèpands upon all aspects of its 8stablish8d procèssas working in ham)ony. Particularfy $0 is adheren¢e to the Iina (>f responsI￿lity and to thè stru¢ture of management of the Charty through its appointed Trustees. Throughout 202412025, the Trustees On￿ again frave shown unerring commitment to the aims and well-being Of Dewis C.l.L. in the committee meetiThJs conducted bFmonthly thr(MJgh regular email exchatTrJes with the CEO. PLANS FOR 202512026 The nalure ol contracts and commissioning means thal it Is inevilable that conlracts a￿ re-lendered when they come to thoir closure date. It is our intention to retain our present conlracts going foTh¥ard. Therefore, as part ol our planning for 2025126 we will work hard to ￿taIn our Advocacy and Diract Paymnts contracts. We wll also be k)oking to submit t8ndars for naw Op￿rtUnitIeS across Wales in respect of Direct Payments and Ad￿tta¢Y as they beccxne available. In addilion to its contracts, the efficiencies thal the new payroll sofvare is able to deliver will continve lo be explored and shared with our Servi￿ users and their PAS, lo enable a srnarter and sleekex pr￿$s. making payroll infomiation more readily available and helping service users to be as independent as Ihey wish to be in terrrts ol managiThJ tt)eir Direct Payment. Pa98 2 DEWIS CENTRE FOR INDEPENDENT UVING IREGISTERED NUMBER: 03179464 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 As part of our ongoing stjccession planning, we will suprKJrt staff who are eligible to study for thè Institute of Leadership & Managemènt and Trainin9 IILMI L&v814 qualificatth wbid) is gearèd towards middle managamant, as wèll as staff undartaking thè 1gvo15 qualifiots"on. Wt will maintain our suppi)rt for staff mèmbgrs in ¢(x)tlnU￿Js pmfessional dov81(>prn8nt. This applios to lomal qualifir3lions under QCF lin Health & Soaal Care. AdvTrc¢ & vuidance: Btjsiness Adtninistralion. Advoc3Gy. and so lorthl and Dther l*Jenimable professlonal siuoly ihai mlght be awlcable 10 IndIv￿￿al roles. In addition to the qualrfi¢ations, the Organisation W￿11 loc* to ts senior marwff*nt leam to share iheir roles with other managers to enatye the sharing of skills and knovI￿l9e. We airn lo consolidate stsff awareness and knowledge th-ough traning in key areas of social care pfDcedure 3nd praclire, particularly in relation to direct payments and IndepeThJent Professional Adv￿acY, rights, safety and g￿ld practice including the legal landscape relating to our work. We aim to offer the staff team access to online Welsh for lÈamerslbeginners, as well as access to BSL online beginne¢s couise. In a bid to upskill staff wh￿e¥￿ possible. We plan to develop ar￿ improve our swal media pre3ence. This will involve seIting￿p a 31aff group to consider advise on best practice, as well as innovation. in (yJr L￿e ol social media. This will indL*Je our websiLe and how it. and othei social media, might help to grow service L￿[ invdvemenL Pay policy for senior staff The directors consider the board of dirertors. are the charitatle coMpan￿S trustees, and the sen￿r management team comprise the key managemenl personnel of the charitable company in charge of directiThJ arKI controlling, running and operating the organisation on a day-tD-day basi5. Al diiectots gwe of their kn.me freely arKI no director5 re￿IVed remuneration during the year. Details of directo￿, expenses and related party trar￿CtionS are disd05ed in notes 8 arKI 9 to the accounts. The pay of the senior slaff is reviewed anThJally at Trustees. meelings aloThJ a general review of all stsff salaries. Risk management Each year it is necessary to assess and appraise wssible risks to Ihe efficient arvj succes5fv1 functioning of the Organisation. The evaluation of these potential risks informs our dec siorAnaking from the siart ol the year and throughout Ihe year. They may, in nature, be financial, stiategic. staff related, quality a$sura￿e. continuity threatened or be unlL*eseen and therelure potEnts'ally something we must be reackn.ve to If we cannot be proackn.ve to the Ihreat. As such, we all have roks to ￿y. These roles are outlined as wè devÉlop aur yearty Busines5 Plan, so we place great irnport8nee in relaiing thÉ various work and largeis therein lo an accompanying Conb"nuity Plan. This key document conlains our evaluation ol the various business risks associated with our woth and our responses in order io maintain servTrces to a reduced bul temporary level uniil ihe issue is resolved. Dewis CIL'S business Continuity PLan CMJUines our reswnse arm1 strategy in the event ol unantripaled and unintended occurrénces. both extemally ￿ Intérnalty. Our risk assessment considers financial contingencies suth as cash flow, capilal exFenditure items and slaffing requirements which might therefore create fluctuations in payroll. Our business reserve caprtal is there lo meet Ihis risk. We always consider risk assessment as it èxtènds to slèff sèlety and w&11-b￿ng. This is espècially so whèn njnning a sÈMc8 where lonè working and extèrnal visits fèaturè so prominèntly acmss our sèrvicès. Our rK>lTrcy rèvièw 8rKJ guidès, sud) as tha staff hand￿0k. reflects our vigilance in ensuring that staff ¢omplies with procedures for their safety aThJ thai of our seNi¢& users. Risk assessment is of high imrh)rtance to all of ug at Dewis CIL. This is why it featur&s as a core agenda item for Trustoes, meètings. At a mauo lèvèl it is a consideration for the luture ol thè Organisalion as w8 devèlop sèrvices. It naturally exists at a micro lèval for aach and 8vary one of us. trusièès. ￿all, vo14Jllt8ars and sèmcé 41se￿. Flnanclal revlew Résults The charity had a wrplus for Ihe year of £158:234 12024. £15.2141. Income in the year vras £2.058,476 12024.. £1.845,467j and expenditure was £1,900,242 12024.. £1,830.2531- Unrestricted funds at the year end total £1,143,221 and free reserves ar £1,115.039. Pa98 3 DEWIS CENTRE FOR INDEPENDENT UVING IREGISTERED NUMBER: 03179464 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 R•serv•s Polley and Golng Corhe•rn The Iru51ee5 have estsblished a policy where thantsble lurKts not cornmiited orinvesleij in langibk fixed assets Ilhe Ire¢ resew¢sl held by the charfty shwld equate to 3 10 6 monihs of resources expended. Al level of reserves. the committee feels thai YL would be able to continue the current activities ol Ihe charrty in the evenl of a significant drop in funding. At present. the free reserves amount to £1,1074,W at 31 March 2025 {2024." £938,650) which equales tr) approximately 6 months of the resources expend¢d at ujtrent levels. The charitable cijfflpany is in a good cash p)5ition with an inuease in cash cash equivalevts in the yeaf of £30.640 12024". £111,2(J91. Principal Funding Sourc•s During the year. the organisetKn's principal source5 of lunding were from the folknY•ing ciNJnty borough councils.. - Rh0￿da Cynon Taff., - Conwy.. Denbighshire.. Gwent Authorities-, Pembrokeshire., - Newport; - Vale of Glarr￿[ga￿- - Card1￿.. - Powy5." STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming docun￿nI The organisat￿n is a charitable company limf(ed by guarantee and ha5 grarrted ￿MISsion by the R￿iStrar of CDmpani8S to omit 'limrf(ed' from Its tiue. The company was registered as a charity on 26 June 2003. On 25 May 2006 the organisation's naffle was changed from Rhondda CyThJn Taff Centre for Independent Living lo Dewis Centre lof lThJependent Liwng. Recruitment and Training ol Manayement C¢)mmittee Trustee5 are elected Irom the general memberthip of the organisab.on at the Annual General M8eting. The Man8gem8nt Committèe 8150 has Ihe rx)wèr 10 (Tropt *JdiliMal mèmbèrs. NÈW tmst*s are briefed ￿ their dutiés by thè Chair ol Trustèès and the Chief Executive. Organisational structure Dewis Centrè lof Inde￿[KIen1 Lwing currèntly has a ManaG*mènt Committèè 018 mèmbers who mèet èach month whÈther It bè for 8 lull Trustee Meeti￿ Iquarterfyl the HR sub comwr,iltee and the Finafi¢e sub cofflrnittèe meetings (quarterly 81$01. These sU￿¢0mMIttee meetings feed back lo the full truslees. quarierty meelw)gs and are resFy)Trsible for the slotegic direction and policy ol the charity. Ensurlng our work dèllvèrs our alms The trustees confirm thai they have referr*J to the Charrty CommissK)n's guidance on pulJi¢ benefft when revitrwing the aims and objectives and in planning luture activities. They have referred lo ttre guida￿ contained in Ihe Charity Commission's general guidance on wblic benefit and consKkr that they have comp led tieir duty under section 17151 of the Charities Act 2011. Tha aims, obj6ctiv8s and activil'ès arè rèNi&w8d e*h wr. This r&wth¥ looks 8t what has bèan achieved and thè outcomes of thè organisation's work in Ihg prgWWS twelve rnonths. The ro￿￿W helps us to ensuro that Ihts ¢haritls aims, obj&¢tives and a¢livilies remain focused on our stated pup)ses. REFERENCE AND ADMINISTRATIVE DETAILS R•9lstèrèd Company numbèr 03179464 IEngland and Wales) Reglstored CharSty numbgr 1098229 Registered office Suite 4 and 5 No 1 & 2 Melin Corrwg Upper Boat Pontypridd F37 5BE Pa98 4 DEWIS CENTRE FOR INDEPENDENT UVING IREGISTERED NUMBER: 03179464 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees M Jones D Davey M D WilliaTh P Flower Ire*ned 23.5.241 J Thomas T Pric V Smith Sellior Statutory Auditor Henry Lloyd Davies Audit¢)rs Bevan Buckland LLP Chartered Accountants And Statutory AuditrKs Grou)d Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA TRUSTEES. RESPONSIBIUTY STATEMENT The trustees (who are a150 the (Srectors Dews Centre for Independent ￿Ving for the purw)s8s of company lawl 8[8 iesponsibl8 for preparing the Report of the Trust88s and Ihe financial statements in accordance with applicable law and Unit8d Kingdorn Acc￿nting sta￿ards (United Kingdom Ger*rally Accepted AcoyJnbTrJ Pr￿l￿e). Company law requiies the trustees to prepare fiDanual statetnents fi￿ each financial year. Under Ihat law. the trustees havp elected to prepare th8 finanoal stat8rnents In accordance with United Kirwom Generally Accepted Accounting Practie8 IUnit8d Kin•Jom Accounting Standards and applicable lawl Under ctsmpany law the ttustees must nol approve finamal statements unless Ihey ale satisfied that Ihey give a true and fair view ol the stale of affairs of the charitable company and of the incoming iesources and applieab.on of rpsources, including the incotne and expenditure, of the chalita￿e company for that penod. In pr8paring those finana81 statements. the trustees ar8 réqu*e(J lo sdecl suitable accounting policies and then apply them ¢￿SISten￿￿. observe the methods and principles in the Chant*s SORP, makè judgements and estima￿$ that arÈ reasonablè and t*LNJeni", stste whether applicable accwnb.ng standards have beer folk)wed. subject to any material departures dis¢losed 8nd explained in Ihe financial slalemenls-. prèpare Ihe financial stalemenls on the going concem basks unless il is inappropnale lo presume that the charitable company will eontinue In businèss. The trustees are responsible keeping proper ac¢oUnb.￿ records which disclose with rgasonable a(tura¢y at any lime th financial poSit￿n of the charilable company and to enable them to ensu￿ that the financial statements comply with the Companies Act 2006. They are also responsitAe lor safeguarding Ihe assets of the charitatrAe company and hence for taking reasonable steps for tha pravèniion and dètèction of fraud aThd oth&r irrsgularitiès. In so lar as tho trust￿ aro aware= there is no r8lèvant audrt information ofwhth the Charitab￿ CoMpan￿S auditors arè unaware., aThJ the trustees havè taken all steps that ihey (xjght to have laken to mak8 themsèfves aware of arny relevant audit information and lo establish that the audrtors are aware of that inlJmHtion. AUDITORS The auditors, Bevan Buckland LLP, wll be prcwsed for re-appointment at forthcoming Annual General Meeting. Report of the trustees, ￿￿rporatIng a strategic report appr(wed by (thr of Ihe trx)ard oftrugtees. &% the wmpany directors. on 11 December 2025 and sryned i)n the boartl'5 behaff by.. M D Vvilliams. Trustee Pa98 5 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DEWS CENTRE FOR INDEPENDENT LIVING Oplnlon We have audited the finanaal stsiemenis of Dewis Cenire for Independeni Living Ilhe 'tharitable compan¥} for the year ended 31 March 2025 which comprise th8 Statement of Financial Athities, the Balance Sheel, the Cash Flow Stalement arKJ noles to th8 financial statèmants, including a summary of significant accounting Wiciès. Thè finanaal rèporting fram6work that has beèn appli&d in thwr pr¶tion is appli¢abl& law ana Unit80 kn"ngdom A¢countsn9 Standards Iunitèd Kingdom Generally A¢¢8pted Aw(xJnts"ng PractiGel. In ow opinion the finanual staiements.. give a true and lair wew of the state of the charitable corrpanrfs affairs as at 31 March 2025 and of its incoming resources and application of iesourctts. including its income and expendilure. for ttre year thèn ended: have been properfy prepared in acwrdance with Vnrted KiykKN Generally Awepted AGwunting pra￿￿. and hève been prepared In accordance wth the requyements of the c￿npanieS Aci 2¢y￿. Basis for opinion We conducted our audit in acomdance wth Intema1ional Stsndards on Audikn"ng IUKI IISAS IUKII and applitrable law. Our responsibiliknes under those standaid5 ale furthei described n the Auditors. restxjnsibilitses for the audil of the financial statements secbon of our report. We are independent of the ctraritable company ￿ accordance with the ethical iequifements Ihat are relevBnt to our audit of the financial statements in the UK. induding the FRC'S Ethic31 Standard, and have fulfilled our other ethical responsibilities in accordance with these requirements. We believe ihat the audtt ev+dence we have obtained is sufficTrenl and apptopriale to pri)vide a basis for our opinK)n. Conclusions relating to going Goncern In auditing the financial statements. we have conduded thal the tr¢tstees' use of the going cL)ncern basis of accounting in the preparation of the finanoal statements is appropriate. Based on the work we have p￿10[me￿, we have not identified any material uncertainties relating to 8V8nts or CDnditions that, individually or coll8ctivdy. rnay cast 5ignifKant doubt on the £haritabl8 companws ability k) continue as a going conc£m for a ￿rIOd of at least twefve mnths from when the finan(ial statements are a￿t￿rised for ssue. Our responsibilities and the reS￿￿sibilItieS of Ihe trustees wth iespect to goit¥J concern are described in the relevant seCtic￿S of this report. Other Infom)allon The Iiustees are responsitAe for the other Information. The other in'otmalion compnses the Infomation included in the knnual Report, other than the financial statements Ènd our Rewxt of the lthJepetMJent Auditors th￿e0n. Our opinion on the financial stal￿@￿t5 does rbot Ix>ver (Aher information and, exn$ on mattws pr•s¢ribed ¢h• Ctynpanles 2006 In w opinion, based on the work uThJertaken in the course ol ihe audit= the information given in the Report of ihe Truslees for the finanaal year for which Ihe financial statements are prapar&d is consistènt with thè financial slatem6nts" and thè Rèport ofthè Trusi88s has bèèn preparèd in accordanc8 aprAirabla kgal rèqiJirém6nts. Mattèrs on whlch we are requlred to report by excepdon In the light ol Ihe knowledge and understanding of -.he charitsble company and its environmgnt oblained in th8 course of ths audit, w8 hava not idsntff￿￿ matarial misstatèments in the R8w>rt of thè Trusteès. We have nothing to report in respect of fdl¢Mng matter5 where the Companies Ad 2006 iequires us to Teport to you if, in OLJr opinion.. adequate accounti1￿ records have been kept or retuins adequate for our audit have not been received from branches not visited by us., or financial statements are rK)t in agree￿nI wth the ac¢ounting r￿d$ and ietums., or cthain disclosures of trustees, remuneration specified by law are not Made: or we have nct received all the information and eXpk)naty.￿S ole require for our audil. Pa98 6 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DEWS CENTRE FOR INDEPENDENT LIVING Responslbllltles of trustees As explained more fully in thè Trustees. ResrKJn¢ibilities Ststement the truslees (WI￿) am alsts the directors Df the charitable company for th8 purp(￿8 of company lawl ara reswnsitA& for the p*parats"oTh of thè financial slatemènts and for baing satisfièd that Ihey giv$ a tm¢ and fair vi¢w, and for suth intemal control &* th& trust8es d&temine 1$ wessary to gnablg the preparation of finanGial ststements Ihal are free from material MisstrtemenL whetherdue to fraud or error. In preparing the financial stateffEnts, the trustees are res￿nsIble lor assessing the charitable companys ability to ccM)tinue as a going concern, disclosing, as applicable, matters related to wing concem and using the going concern basis of accounting Unless the tiust¢es either intend to liquidate the charilable company or to ¢easÈ i¥)etatK)ns, or have no iealisti¢ alt¢inative but to do su. Our re5por15ibilities for the audit of the finarKial statements Our objectives are to obtain reasonable assuran￿ aboul whether the financial statements as a whole are free Irom material misslatemÈnt, whether (JUÈ to fraud or error. and to issue a Report ol the Independent Auditors that includes our opinion. Reasonable assuiance is a high level of assurance. tmrt is rK)t a guarantee that an audit conducted in aca)rdance with ISAS IUKI will always detect a matetial misstatement when rt exists_ Mi5Staternents Gqn arise frotn Iiaud or etror arKI are considered tnaterial if, individu8lly or in the oggregats. they could reasonably be expected to influence the economic decision5 of usets taken on the basis of these financial statements. The exient to which our pr(￿lureS are (wable of deteding Irregukrib"es. induding fraLKJ is detailed below.. Extent to whiGh tho audit was considorod capable of detecting irregulari11￿. incluthng fraud We identify and assess the risks of material misstatement of the Financial Siatements whether due to fvaud or error, and then, design and perfoim audit procedures respy)n￿Ve to those riscs. indud ng obtainiro audit evidence that is sufficient and appropriate to ptovide a basis for opinion. We discussed our audrt indep8nd8nce complying the Rewsed EthKal Standard 2024 wth th8 engagement team mernbers whilst planning the audrt and continually n￿nitOred our independence throughout the prO￿s. Identifying and assessing potential risks related to irregularitses In identifying and as5essiry risk5 of rnaterial misstatement in resped of irregul8rtties, induding fraud and non-¢X)mpliance with18ws snd regulation5. our procedure5 Included Ihe folkn¥wwJ". Enquiring ol fftanaQen￿nt, including obtainiThJ and reviewing suppth"ThJ doojmentation. canceming the Chariws policies and proceduies ￿lab"ng to". idÈntifying, èvaluating and complyino wilh laws arKI rèoulali￿s 8nd whèthèr thèy werè awarè of any instances of non-compliance., detecting and respondiThJ to Ihe risks ol IraLwJ aThJ whelher they knowledge of any actual suspected or alleged lfftud", the intémal eontrols èstablished to mitoalé risks related ￿ fraud ot fK)n-compliance with laws and règuiab"ons", discussing among the engagement team how 8rKI where fr8LKI micht (wjr In the finan¢ial statements and any potenbal indicalors ol fraud". obtaining an underslandiThJ of the lega and reguktory ltsmeworf(s that the Chanty operales in. loajsing on those laws and regulations that had a direct èffect on.he finanual statements or that had a lundam8ntal effect on th6 0￿ra￿.￿rn$ of th8 Charity, Th6 kèy laws and r8gulaliorbS W8 (XM)sidèrad in Ihts UM)text includ6d thè UK CDmpaniès A¢t and relevant tax lagislation. Audlt response to rlsks IdentSfied In addition to the abov6, our pro(Èdur8s to r@s￿nd to risks Kl8ntifi8d Ind￿ the folk)wing'. révièwing thè financial slat&mènt disclosurès ènd tèsting to SUPtX)rting documèntalion to assess complianca with ral6vant laws and regulab"ons', enqUIri￿ of management conceming ￿Ual and potential litNJali￿ and cl¢ims', perfomiing analytical procedures to idenlify any unusual or unexpected relationships ihal may indicate risks of malerial misstatement due to fraud,. reading minutas ol meetirvas of thosa charged wilh wvemarKe'. in addressing the risk of fraud through management override of Ixjntrols. testing the appropr&aleness of Journal entries and other adiustm¢nts'. asseswng whether the judgements made in making accoJnthng estimates are indutr4e of a potential bias,. and evaluating the operational rntionale of any signrficanl transactions thal are unusual or outside the normal course of operations. We also communi¢ated ￿levant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud ot non-(x)mplk4rKe with L4w5 and reguL4tions throughout 1he audrt. A further description of our responsibilities lor the audit ol tre financial slatements is located on the Finanual Reporting Council's website at www.frc.org.ukjauditorsresponsibilities. This descriptim forms part of our Rep￿1 of the Independent Auditors. Pa98 7 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DEWS CENTRE FOR INDEPENDENT LIVING Use ol our report This report is made solety to the charitable companYs members. as a body. in accordance wth Chapter 3 of Part 16 of the Companiès Act 2006. Our aLJdit work has beèn urK16rtaken so that wè might statè to thè charilablè company's members thosè matters we are rsquired to stato to thom in an auditors. rèwt arKI frjr no othgr purr%)s¢. To tho fullèst oxtant pormitt$d by law, w do rK)l accept or assume responsibility to anyone other Ihan the thantable cornpany and the Gharitable cixnpany's members as a body, for our audlt worK for ihls re￿. or for the o￿nIOnS we have forme(l. Henry Lloyd Davie5 Isenior Ststulory Auditor) for and on behalf of Bevan Buckland LLP Charte￿d Accountsnts And Statutory AUdit￿S Gr0￿d Floor card￿an House Castle Court Swansea Enterprise Park Swansea SA7 gLA 15 December 2025 Pa98 8 DEWIS CENTrE FOR INDEPENDENT UVING STATEMENT OF FINANCIAL ACTIVITIES IWCORPORAnNG AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unfvstri¢t fu￿$ Resiricted fund Noies INCOME AND ENDOWMEMTS FROM Donations and legacies 125 125 Charitable activities Graiils and coriLracis- Payroll sÉrviees 1.￿,948 40.592 1,968,946 40,592 1,776,691 25,741 Investment income Total 48.813 2.(k58,476 48,813 2,Q58,476 43,Q135 1,845,467 EXPENDITURE ON Charltablè aetlvltl•s Chantabl& a¢tivities 1,gX).242 1,900,242 1,830,253 NET INCOME 158.234 156.234 15.214 RECONCILIATION OF FUNDS Total funds brought foww8rd 984,98T 984,987 969,T13 TOTAL FUNDS CARRIED FORWARD 1 143.221 1.143,221 col￿1NU1NG OPERATIONS All income and expendilure has arisen from c￿tinuing acbvites. The notes fomi part of these financial statements Pa98 9 DEWIS CENTRE FOR INDEPENDENT UVING IREGISTERED NUMBER: 03179464 BALANCE SHEET 31 IAARCH 2025 2025 Total funds 2024 Total funcls un￿sIncted fu￿$ R8siricted fund Notes FIXED ASSETS Intangible assets Tangible assets 31,987 14,350 46,337 12 28,182 28.182 28,182 28,182 CURRENT ASSETS Debtors Cash at bank and in hand 13 199.263 1.113.762 1.313.025 199.263 1.113.762 1.313.025 141,820 1 D83122 1.224.942 CREDITORS Atnount5 falling due wthin one year 14 1197,9861 1197,9861 1286,2921 NET CURRENT ASSETS 1.115.039 1,11S,039 938,650 TOTAL ASSEfs LESS CURRENT UABILTllES 1.143,221 1.143.221 984,987 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 1.143.221 1 143 221 16 1,143,221 1 143.221 984,987 The financial stat8m6nts were approved by the Board ol Trustees and authorised for issu8 on 11 Dacembèr 2025 and werè sYJn&d on its behalf by: M D Wllliams- Trustee The notes fomi part of these financial statements Pag& 10 DEWIS CENTrE FOR INDEPENDENT UVING CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash fl¢)w$ from 9￿ratIng a¢¢lvttle Cash generated from operatlons Net cash provided by operating actwities 4.633 Cash flows from Investing activitles Purchase of langible fixed assets Interest received Net cash provided by investing activities {22.8061 48.813 13,2371 43,035 Change In rAsh and ¢a$h equlvalents in the reporting period cash and ¢ash equlvalenis at the beginning of the reporting period Cash and cash •qulval•nts at Ihè •nd the reporting perlod 30.640 111.209 1,083.122 971.913 1.113,762 1,083,122 The notes fomi part of these financial statements Pag& 11 DEWIS CENTrE FOR INDEPENDENT UVING NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTivmES 2025 2024 Net Income for t￿ reportlng pgrlod las per the Statement ot Flnan¢lal ActiVi￿e$) Adjustments for. Depreciation charges Interest received Impaimient ol intangible assels Ilncreaseydecrease in deblor5 (Decreasellincrease in (xedilors Net cash provlded by operatlons 158,234 15,214 8,974 148.8131 31.987 157.4431 88.3DSI 18.621 143.0351 68.512 12.099 ANALYSIS OF CHANGES IN NET FUNDS Al 1.4.24 Cash flow At 31.3.25 Nét cash Cash at bank and in hand 1 083 122 1.083.122 1083 122 30,640 30.640 30 640 1.113.762 1 113,762 1 113762 Total The notes fomi part of these financial statements Pag& 12 DEWIS CENTrE FOR INDEPENDENT UVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Ba$1$ of prèparlny th• financial s1atèm￿ts The finanGial statements ol the charilable company. whith is a public benefit enlily under FRS 102, have been propared in accordance wllh the Charlues SORP IFRS 1021 'Accouniing and Reponing ty Chadlles.. Statement of Recommende Practice applicable to charities preparing t￿1r ￿cO￿ts in accordan￿ wth the Financial Reporting Stsndard applicable in the UK and Republic ol Ireland IFRS 1021 {effective 1 January 20191,. Financial Repthtng Standard 102 'The Fin8ncial Reporting Stsndard appkable in the UK and Republic of Ireland, and the Companbes Art 2006. The finan¢ial statements have been pre￿[¢d under the his1M¢al cost wwerhtiw. Criiical accounting judgom•nts and k•y sourc•s of •stim&ion unc•rtaii)ty The preparation of the financial statements require> management to make judgments, estimates and assumptions that affect the applicaliDn of poliaes arKJ reported amounts of a5￿ts and I￿￿bIlitieS. incomp and expenses. The estimates and a5souated assumptions are based on historical exFerience and various olhei factors that are believed to be reasonable undei the circurnstarKes, the yeS￿ts of which form the ba￿$ of Ihe judgrnenls about carrying values of assets and liabilities that are not readily apparent from other souices. Actual results in the fubjre may drffer from these estimates. E5tsmate5 and undedwng a55UrnPtions are ie¥iewed on an ongoing basis. Rpvi5ion5 to accounting e5tirnate5 are recognised in the pe￿d In which the estsmate is revised and in any luture peri(x15 affected Estimation Uncettsinty The charity make5 estimates and assUMp￿n$ concemiNJ the lubjre. The ￿Ulting accounting estimates will. by definilion, 5eldotn equal the related actual iesults. Management consider their lo be no estimates and assuMpts"cn5 that have significant risk of Cau￿ng a mateiial adjustrnent to the carrying amounts of asset5 and liabilities ￿thin the next financial year. Income Income is recognised In the statement of finanaal activitses Ihe thaity is ent￿ed to the Income and the amt)unt can b8 quanttfied wrth reas{￿ble accuracy. folkmifbg sp8afic txjlioes applied to parti(xJlar c8tegoties ol income. Grants, includiro grants &)r the purchase of fixed assets. are recognised in full in the Statemenl of Financk21 Activities n th year which they arp receNable. In r85pect ol long4erTh contracts ￿ Contr￿ for orwmng ser¥ic85, incom8 repr8sents the valuè of work don8 In the year, including estimates of 8rnount5 not invoiced. Income in rèspèct of contT8cts and contracts for on-ooinu sèrvicès is cognised by rèlwence lo Ihe slaje ol complets"on. Incom& from rrxxM hirè is recognis8d wA*n the hire takès plac&. Donations and 811 other re¢eipts generated from fundraising are reporled ￿ a r￿lY￿ble basis. Inveslmenl income is included when receivable. Incoming rèsourcès from d￿ritabl& tr*Jing acb.vty ar8 atxxjunted forwhèn 8am8d. Expendlture and Irrecoverable vat Expenditure is i)cluded in the accounts on an accnjals basis. Resources èxpended indude attributable VAT which cannot be reo)v&red. Allo¢atltsn of support ctysts Support costs are those functions that assist the work ol the charity but do nol directly underta(e charitable activities. Support costs include back office costs. finance, pers￿ne1, payrdl and govemawe costs vA)ich support the activities of tha charity. Thèsè costs hava baèn allDcatèd befvMn cc6t ol ratsityj fund% and &xpendi￿re on diaritable activitias. Intsnglble assets Intangble assets are measured at cost less accumulated amcKtisal1c￿ any accumulated impairment kisses. Software development costs are recognised as an intangible asset when all of the Idlowing criteria are demonstrated.. - The lechnieAI feasibility of c(xnpleling the softwaie so that it ￿11 be av3ilablÈ for USÈ 01 sae. - The intention to complete the 501lware and use or sell IL The ability to use the software or to sell it. - How the sofN¥are will generate Fxobable fijture econc*nK benefits. Page 13 continLJ8d... DEWIS CENTrE FOR INDEPENDENT UVING NOTES TO THE FINANCIAL STATEMEMTS - continu FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- Con￿nued Intanglblè ass•l$ - The availability of adequ*¢ lechnKal. finanual and other resources k> com￿et¢ tho developrnenl and to use or sell thtr Sof￿13re. - The ability to measure ￿liablY the expenditure attributable to the software during its development. Amortisakn'on is charged go as to all(xate t1￿ cost of intsThJibles less their residual values over their estimated useful Ilves, tjsing the straight-line meth unrestr￿ted fun(ts. The Management team of the charity are made up Df the Chief Execthtve Officer. Advor2cy Man￿er.DireCt Payments Manager. Direct Payments Project Manager. Payroll and Financial Services Project rnanage and Cornpany Accounts Manaser. The total ernployee LEnefrts of the key managernenl personnel were ￿42,5$9(2024. £273,424). 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unreslricted funds Reslricted fund To181 lund5 INCOME AND ENDOWMENTS FROM Charitable activities Grant5 and contracts Payroll services 1,716,691 25.741 1,T16,691 25,741 Inv8strnent inc(m Total 43,035 1.845.467 43,C135 1,845,467 EXPENDITURE ON Charitable activities Charitable *ivities 1.830.253 1 830 253 Page 17 continLJ8d... DEWIS CENTrE FOR INDEPENDENT UVING NOTES TO THE FINANCIAL STATEMEMTS - continu FOR THE YEAR ENDED 31 MARCH 2025 10. COMPARATIVES FOR THE STATEMENT OF FINAMCIAL ACTivmES- contFnued UnrÉstricted funds Restricted lund Totsl ILJn(ts NET INCOME 15.214 15,214 RECONCILIATION OF FUNDS Total funds brought forward 969.773 969,773 TOTAL FUNDS CARRIED FORWARD 9e4.987 11. INTANGIBLE FIXED ASSETS CompLrter softwJe COST At 1 ￿ri1 2024 Impairments At 31 March 2025 AMORTISAnON At 14)ril 2024 Impairments At 31 March 20?5 NET BOOK VALUE At 31 March 2025 At 31 March 2024 43.512 43.5121 11.525 11.5251 12. TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for yeai At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 183.921 22.806 186.727 149.571 8.974 158.545 28 182 14.350 Page 18 continLJ8d... DEWIS CENTrE FOR INDEPENDENT UVING NOTES TO THE FINANCIAL STATEMEMTS - continu FOR THE YEAR ENDED 31 MARCH 2025 13. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Trade deblors Prepayments and accrued Income 162.D11 37.252 110,581 141 820 14. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Trade ueditors Social security and other taxes Wages Control OtherGreditor5 Accrued expenses 14,938 31,291 44.779 63.326 12,343 30,644 42,124 201,181 197986 286 292 15. LEASING AGREEMENTS Minimum lea5E payments under norKancelable OPEraDng lease5 fall ¢Jue a5 r(Aluvfi". 2025 2024 Within one year Between one and five year5 In more than five years 81,875 91,813 82,957 167.475 988 251420 173688 16. MOVEMENT IN FUNDS Tra115fer5 between funds movernent in fLmds Al 1.4.24 31.3.25 Unr•strlct•d funds Geneial fund Designated fiJnd- Trust&Y Standard, Qualty Performance Mark for Charities 984.￿7 158234 ifjo.o(K)I 1,06J,221 80.OCK) 984.987 984 987 158.234 158234 1 143221 1 143 221 TOTAL FUNDS Net movement in funds. indLkYed in the above are as fdlows.. Incoming resources Resources expended Movement In funds Unrestrlcted funds General fund 2,058,476 11.900,2421 158.234 TOTAL FUNOS 2 058 476 1.900.242) 158.234 Page 19 continLJ8d... DEWIS CENTrE FOR INDEPENDENT UVING NOTES TO THE FINANCIAL STATEMEMTS - continu FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- contlnued ¢omparatlv•$ l¢Y movwnont In lunds Net movement in funds At 31.3.24 At 14.23 Unrgstrlded funds Gene[31 fund 969.773 15,214 984,987 TOTAL FUNDS 969.773 Comparative nel movement in furKls. included in Ihe above are as folh)ws'. Inci)ming Resources éxpendèd Movèmènt In funds Unrestricted funds General fund 1,845.467 11,830,253) 15,214 TOTAL FUNDS 1 830 2531 A current year 12 months and prior year 12 monlhs combined kmistiion is a5 follows.. Translers between funds movernent in ftmds At 1.4.23 31.3,25 Unrestrictod funds Gen8tal fund Designated fund- Trusted Standard, Qualty Performan￿ Ntsrk for Charities 9.713 173.448 {80,0001 1,063,221 80,OCrf) 80.000 1,143,221 1,143.221 969.TT3 969.773 173.448 17J448 TOTAL FUNDS A ¢urr8nt year 12 months and prK)r year 12 months ¢(mbined rnel movemgnt in funds. indUd￿j in th& abtsvg ore as follows.. Incoming Resources exp8nd8d Movernent in fund5 Unrgstrlrtgd funds General fund 3,￿3.943 13.730,4951 173.448 TOTAL FUNDS Designated FurK15 Trusted Standard, Quality Perfomiance Mark for Charities A fund set up for Ihe promotion of quality aTh1 pÈrfom)ance wrthin the charity as ￿1 as pr(Mmr>tion within the 8r&a. Page 20 continLJ8d... DEWIS CENTrE FOR INDEPENDENT UVING NOTES TO THE FINANCIAL STATEMEMTS - continu FOR THE YEAR ENDED 31 MARCH 2025 17. RELATED PARTY DISCLOSURES Dotails of r8lat*JJ party transa¢tKKts Can b& frxjnd in not9$ 8 and 9 of the finanoal statements. 18. MANAGED ACCOUNTS The charity acts as an a9ent for a number of its clienls and hdds £4. 594,773 in managed bank accounts. These ILJnth are not in¢ludeiJ in Ihe balan￿ sheet of Ihe cwity. Pag& 21 This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forni, authentication and manner of delivery under section 1072 of the Companies Act 2006.