REGISTERED COMPANY NUMBER., 048181361England and Wales) REGISTEREO CHARITY NUMBER: 1102449 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 WELSH REFUGEE COUNCIL Bevan Buckland LLP Chartered Accountants And Slatulory Audrtors Ground Floor Cardigan House Castle Court Swansea Enterprise Pa Swansea SA7 9LA 'AEIIOEBC* 2311W2025 COMPANIES HOUSE A36
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WELSH REFUGEE COUNCIL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Page Roport of the Tte•S 1 to 6 R•port of th• Ind•p•nd•nt AudStOV8 7 to 10 ststoment of Fln•nclal Actlvltle8 11 Balanco Shaet 12 Ca*h Flow Statsm•nt 13 Not•• to the C••h Flow Stal•m?nl 14 Notes to tho Flnanclal Slatem•nts 15 to 30
WELSH REFUGEE COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who af8 also directors of the charity foi the purposes of the Companies Act 26, present their rewrt with the financial statements of the chanty for the year ended 31 March 2025. The trustees have adopted the prowsions of Accounting and Reports'ng by Charities.. Statement of Reryjmmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporb'ng Stsndard applicable in th8 UK and Republic of Ireland {FRS 102) {effeclive l January 20191. OBJECTIVES AND ACTNITIES Objectives and alms Vl$lon Wothing together to create a Wales where sanctuary seekers and refugees are welcomed. speCted, and empowered. Ml881on We improve the lives of sanctuary seekets and lugeeS through specialist support arKI influenclng polNI and practic8. Values We a and remain an ind8pendenl charity that speaks out with credibility and seek to build bridg&s in communities. Our five values.. 1. Brave. We are bold, n0vatiVe, and we act. 2. Diverse, We recognise that strengths we each briNJ. and each otherfs uniqueness. 3. Croesolwelcome. creatè environments, that engage and welcome. 4. Influ8ntial, We empower people to tell their stones and use our daia to lift narratibBs. 5. Collaborative. We recognise th8 importance of working in partnership and buildiTrJ each othels capacity. Publie b•n•flt The Trustees hav8 considered the Charity Commission's guidance public benefit and have reviewed the Board's activities lo considor the charitsble acts'vilies of the Board to ensure that they provide benefit to the public, In shaping our objectives for th8 year and Planning our actlvitses the Trusteés afrHays ensure that the programmes we undertake are in line with our main charitable objects. Page 1
WELSH REFUGEE COUNCIL REPORT OF THE TRUSTEES FOR THEYEAR ENDED31 MARCH 2025 STRATEGIC REPORT Achièvements and perforniance Over tho last 5 years we have achieved an enomious amount We have grown our income from £997K 10 £1.86m. The past year has brought immense challenges for the refugee sector and Ihe communities we sèrve. Rising living rxsts and the implementats'on of the Nationality and Borders Act placed greater strain on families and increased barriers for those seeking sanctuary without legal support. We worfted with partners such as Housing Justice and Tai Pawb to highlight the hamiful impact of No Recourse to Public Funds, and with Platfform to launch Heart ol Help. research into tr8uma-infomied practice thal shapes fvture support When crisis struck, built bridges. After the summer tiots. we collaborated wih South Wales Police, civil society. and govemment lo foster dialogue and healing. Thanks to funders including Moondance, WCVA, and Oak. we delivered emergency support qulckly and compassionately. We ensured voirAs werè heard by engaging with the Home Office on the Border Security and Immigration Bill, contributing to the Anti-Racisl Wales Action Plan, and hostsng ministers to meet Our communities. None of this would have been possible without our staff. truslees. partners. volunteets, and supporters. Investing in sanctuary means investing in a stronger, safer, Wales for all. Our key projects over last 12 months.. Wales Sancluary Service- Supported 1,925 S8nctuAry seekern via 11,438 support Sèssions. . Refugee Move On- 3,303 fUgeeS supported. 10.848 support sessions, 25+ actN8 local partnerships. Language- 1.1CM)+ clients referTed lo ESOL and WSOL classes across Wales. 2501 language sessions delivered. Play Proj8Ct- 3S8 Children & 225 parents supported vla 144 play sessions 454 casewort lar[sI8. Volunteering 86 actlve volunteers contributed across Cafdiff, Newport, Swan8•a, ESOL, Play, 8nd Chango Maker programmes. 11 volunl8&rs progressed into employment. Ukraine - 400 support sessions delivered to Ukrainians acrns5 Wates. 300 people supported d1Ctty and indirectly through casewoth. forums and events. Evisa Proiecl - 3,708 indlviduals supported through on&on4)ne appointments, workshops, and caseworf¢. 21 dlgStal support workshops délivered in partnership wilh 40 extemal organisations. Rhondda Cynon Taff - Resettlement Project, 24 families sw)ported Oellvered tailored integratlon support across RCT. Housing & Plomelessness pVentiOn - Over 1,000 support sessions delivered. including housing advice. NRPF support, and move-on guidan, 45 cross-sector partners engaged. including local authorities, housing associations, and policy forums. Sanctuary Coalition Cymw Over 180 stakeholders eryaged from 91 organisations across Wales. 17 collaborative events held. induding regional nelworking meetin99 , policy forums & crossaty political engagement. Education & Employment - 490 clients supported through one-to-one and group engagement. 116 workshops delivered lo improve skills, confidence and job readiness. Partnerships with employers like IKEA, kn'dl and Nando's helped secure roles for client. 184 one-lo-one sessions. Influencing & Awareness Raising - 22 Senedd mentions recognlsing WRC'S expertise and leadership in the refugee sector. 227 professionals trained across Wales in councils, colleges, and charities. 24 media engagements across major outlets induding BBC Cymfu. lThl Wales, S4C, Nation.Cymru. R8ut8rs. and The Daily Telegraph. Réfug88 Week Wales - 21 events QX•rdinated by Welsh Refvgee Council and Sanctuary Coalition Cymru. 14 charities and lived*xperience groups joined for$ to deliver actiwties across Wales. 65 Nation of Sanctuary Award nominations, recognising the contributions of sanctuary seekers. Diolch am eith 1nogaeIh barhaus- thank you for your conlinued support. Page 2
WELSH REFUGEE COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Flnan¢lal revlew Flnanclal postllon Incoming resources during 2024125 amounted to £1,863,958 comparad lo £1,617,813 in 2023124. Resources expende(l incffjased to £1,772,057 in 2024125 from £1.553,923 in 2023124. This year saw a surplus of £91,901. Bringing the total charity unrestricted resepies to a balance of £871.462 as at 31st Marth 2025, of which £408.888 is designated leaving Unrestricted reserved of £462,574 in the Gèneral Fund. Reservès policy The Trust8es have reviewed the chanly's needs for reserves in line with guidan by the Charity Commission and the Trustees have set the charity a prowsional medium-lerm goal of increasing its free reseNes to a level, which is sufficient lo meèt three month's expenditure. This will allow the slrength of the charity and allow us to deal effectively with variable futures, which V are currently predicb"ng, using scenario planning approaches. The Present level of reserves is near to target and much depends on whether Ihe charity can continue to secure public sector funding and additsonal income Irom other sources. The chanty services are in hi9h demarKt. and it is important that fundraising and stewardship ¢ontinu8 to be able lo flex and adapt to emerging needs. Designated lunds comprise thosè funds whlch th8 Welsh Relugee Council may at its discretion set aside funds for specific puose5 which would otherwise lo part of the general unrestrid8d reserves. The designated funds go towards core posts, funding 9aps. and project related wsts fof future years. The Trustees hav8 specificalty designated the fijnds held as a payroll deposrt of £29,000 vthh their payrol provideryJ. Financlal and rfsk management objectives and pollcle6 The trustees have overall responsibility for ensuring th81 appropriate systems ol control, financial andotherwise, exist. They are also responsible for safeguarding the assels of the charity and hanc8 for taking reasonable steps for the prevention and detection of Iraud and other irregularlties. Our Strategic Plan has allowed us to deepen our u88 of Risk Management lo$91ng on both operational and Strategic risks. Risk r89isler is discussed al relevant Senior Management Team Meetings and b08rd meetings. STRUCTURE, GOVERNANCE AND MANAGEMENT Govern5ng document The Welsh Refugee Council is a charitsble company limited by guarantee, incorporated on 2 July 2003 with a memorandum and articles of association, which were amended on 1 October 2004, 18 February 21X)5, 6 April 2005, 27 January 2010. 20 January 2016 and 30 March 2017. Prior lo incorporation the Council had operated through non-incorporaled charitable assocsation. The Trustees consider that The 104elsh Refupe Council has adequate resources to continue in business for the foreseeable future, and that, for this aSon it should continue to adopt the going concern basis in preparing the accounts. Page 3
WELSH REFUGEE COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMEKr Recrultment and appolntmènt of nèw trnste The Board maintains broad representation across a wide range of disuplines and skills. In 2012113 the Trustee Board reviewed its processes for applicalion to the Trustee Board and these weTe adopted at the 2013 Annual General Meeting. All Trustees are appointed on a three yearly basis and a third of TnJst8ès are appointed at each AGM. All members are given advance notice of who is standing for appoinlrnenl or reappointment at an AGM. along with any relevant infonnalion. Outside of an AGM. the trustees can appoint a person lo bè a trustee either lo fill a vacancy or as an addrtional Iruslee lin this case the person can only hold office until the next AGM and must stand down, il he or she is not appointed at Ihat AGM). This is done lo maintain the diverse skills within the BoaT(l of Trustees. Our Chair is elected on a 3-year tenure. and other roles- Vice Chair and Treasurer are elected for a peric4J of one year at the fitsl board meeting afterlhe AGM. All trusl8es. as w811 as attending the quarterfy Board Meetings, also attend a Stralegic Away Day which sets strategic priorrties lor the organisalion for the lollowing year. No Trustees receive any financial or other benefits for Ihelr role 88 Trustees. Tru3lee Govemance Any new Trustee is inteNiewed and visits the organisalion prior to. their fomial agreemènt to be a Trustée and they ceive inducts.on including a range of background information on the charity and see the provision of its key servic*s. All Trustees sign "the S8v8n Principles of Public Life. Trustees are asked lo declare any nflICt of interest al the start of every meeling and recorded in the minut8s. All Trustees ar8 familiar with the Charity Commission guidance 'the essential InJste8'. The board of trustees reviewed different compelencies and skills related to the governance ol the organisalion using Trusted Charity framewort¢ lo drive forward this quality agenda and this approach will bè of increasing importance over the next few years. In 2010111 the Trustee Board set up sub<ommittees of the Board (11 Finance and Resources and {2) a Strategic Committee. Both meet on a to three monthly basis. The organisalion maintains a membership register which is updated regularfy. Any application for membership is considered by the 8usiness Development Team. who have dele9aled responslbillty on behalf of 8oard. REFERENCE AND ADMINISTRATIVE DETAILS Reg18ternd Company nUmr 04818136 (England and Wa) Reglstsred Charlty nurnr 1102449 Regl•tornd offlce 120- 122 Broathvay Cardiff CF24 1W Page4
WELSH REFUGEE COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees O Burgess (resigned 20.7.25) M Chick {resigned 20.7.25) H Iles (appointed 20.3.251 C Mckeag {resned 20.7.251 N Morgan (resigned 17.3.25) J Morgan H Osman {resigned 20 7.25) H Ameen S Bera (reSned 20.7.25) B Rafiq (appointed 5.8.241 M Alhadi Ali lappoinled 10.2.25} N Richards (appointed 20.7.251 D Carew {appointed 20.7 251 S Burton lappoinled 20.7.25) Z V Hilton (appointed 20.7.251 J L Braddock lappoinled 20.7.25) S K Khattak (appoinled 20 7.251 M Scott Evans (appointed 20.7.25) E Naas {appointed 20.7.25) Company S•er•tsry A Cleaver Sènlor Slatutory Audltor Alison Vickers Audltorn Bevan Buckland LLP Chartéred Accountsnts ArKI Ststulory Auditors Ground Floor Cardyan House Castle Court Swansea Enlerpriso Park Swansea SA7 9LA 8ank• Natwesl Bank, 227 Cowbndge Road East, Cardrff CF5 IWX. Sollcltors Darwin Gray Solicitors. Helmont House, Churchill Way. Cardiff, CF10 2HE. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors ol Welsh Refugee Coun¢il for the purposes of ¢<xnpany lawl are responsible for preparing the Report of the Trustees and the ffinancial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceple(l Accounting Practice}. Company law requires the trustees to prepar6 financial statements for each financlal year. Under that law, the trustees have elected to prepare the financial slalemenls in arKordance with United Kingdom Generally Accepted Accounting Practice (Unrted Kingdom Accnunting Standards and applicable lawl. Under company law the Iruslees must not approve the financial Statements unless they are satisfied that they give a true and fair view of thé state of affairs of the charitable company and of the incoming resources and applicalion of sources, induding the income and expenditure, of the charitable company for that period. In preparing those finanaal statements. the trustees are required to select surtable accounting policies and then apply them consistenlty., observè the MethS and principlès in the Chafibes SORP,. makejudgements and eslimales that are reasonable and prudent prepare the financial statemenls on the going concern basis unless it is inappropriate to presume that the charitable company wll conlinue in business. Page 5
WELSH REFUGEE COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES - continuod The trustees are responsible for keeping proper accounling records which disclose with reasonable accuracy at any time the financial position ol the chantable 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 hon for taking reasonable steps for the prevention and detection of fraud and other irregulartties. In so far as the Iruslees are aware.. the is no relevant audrt infomiation of which the charitsble company's auditors are unaware: and the trustees have taken all steps that they ought to have tsken to make themselves aware ol any relevant audit infornation and lo establish that the auditors are awar8 of that infomation. AUDITORS The auditors, Bevan Buckland LLP, will be proposed for re•appointment at the forthcoming Annual Gera1 Meeb"ng. Rèport of the trustees. incorporating a strategic report. approved by order of tho board of twslees, as the company directors. on . 1 9 11 2 12 5.........,,........,... and signed on the board's behall by.. E Naas- Trustee Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL Opinion We have audited the financial stslements of Welsh Refugee Council {the 'charitsble company,) for the year ended 31 March 2025 which comprise the Statement of Financial Aclivities, the Balance Sheet. the Cash Flow Statement and notes lo 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 Unrted Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the finanaal statements: give a true and fair view of th8 State of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resour$, including its income and exrenditure, for the year then ended., have beén propedy prepa in accr1rdan with United Kingdom Generally ACpted Accounts'ng practi., and have been ppared in accordanc with the requirements ofthè Companies Act 2006 Ba818 for oplnlon We conduded our audit in accordance wrth Internatsonal Slandords on Auditing IUKI (ISAS IUKII and applicable law, Our responsibililtes under those standards are further describèd in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance wrth the elhlcal requirements that are relevant lo our audit of Ihe financial statements in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirement5. INe believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclu•lon• r•latlng to 9olng ¢on¢om In auditing the financial slalements, we have Goncluded that the trustees, use of the going ¢oncem basis of a¢untIng In preparatson of the financial slalements is appropriate. Based on the work we have rforrned, we have not identified any material uncertainties relating lo events or conditions that, individually or collectivety. may cast significant doubt on the charitable company's ability to CA)nlinue as a going concern for a period of at least e1Ve months from when the financial statemen15 are authorised for issue. Our responsibilitl8S and the rnsponsibililies of the tru8tees with respect to going Concern are deribed in the relevant sections ol Ihis report. Oth•r Inforniatlon The trustees are responsible for the othér information. The other infomation comprises the inform81ion induded in the Annual Report, other than the financial statements and our Report of the Independent Auditors Ih8reon. Our opinion on the financial statements does not cover the other infomation and, except to the extenl otherwise explicitly slated in our report, we do not express any fom of assurance conclusion theon. In connection with our audit ol the financial slalements. our responsibility is lo re8d the other information and, in dolng so, consider whether the other infomation is materially inconsislenl with the financial statements or our knowledge obtsined in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to delemiine whether this gives rise lo a matèrial misslalemenl in the financial ststements thèmselves. If, based on the work we have performèd, we conclude that there is a material misstatement of this other infomiation, we are required lo report that fact. We have nolhing lo report in Ihis regard. Oplnlon8 on othor m•tsr• prn•¢rlb•d by th• Compan1•• Acl 2006 In Our opinion, based on the work undertakèn in the coursè of the audit.. the infomiation given in Ihe Report of th8 Trustees for the financial year for which the Ilnancial statements are prepared is consistent with the financial stalemenls,. and the Report of the Tru5tee5 ha5 been prepared in accordance Imth appIlble legal requir•nents. Mattern on which we are required to report by ex¢eptlort In the light of the knowledge and understanding of the charitable company and ils environmenl obtained in Ihe course of the audit, we have not identified material misstatemenis in the Report of the Truslees. We hav8 nothing to report in respect of the following matters where the Companies Acl 2006 requires us lo report to you if. in our opinion.. adequate accounting COrdS have not been kept or retums adequate for our audit have not been receive(1 from branches nol visited by us; or the finanual statements are not in agreement with Ihe accounting records and retums., or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the infomation and explanatsons we require for our audit. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL Ro8pon8lbllltl•8 of tru8t••s As explained MO fully in the Statemént of Trnstees. Responsibilities. the trustees (who aré also the directors of the charitable company for the purposes of company lawl arè responsible for the preparation of the finanal statements and for being satisfied that they give a true and fair view, and lor such internal control as the trustees detemiine is necessary to enable the preparation of financial stslem&nts thal are free from material misstatement. whether due lo fraud or èrror. In preparing the financial statement5, Ihe tru5tee6 are responsible for assessing the charitablg company's ability lo cnntinue as a going concern. disclosing. as applicable. matters related lo going nrn and using the going concem basis of accounting unless the Irustees either intend to liquidate the charitable ci)mpany or to 8$e operations, or have no realistic alternab've but lo do so. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL Our re8pon8lblllll¢• lor tho audlt of the ffin•nelal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whether due to fraud or error. and to issue a Report of the Independent Auditors that indudes our opinion. Reasonable assuran is a high level of assuran, but is not a guarantee that an audrt conducted in acwrdance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise frn fra or error and are considered rnalerial if, individually or in the aggregate, they could asOnablY be expectéd to influ8n¢e the economic decisions of users taken on the basis of these financial stalemenls. The extent to which our procédures are capable of detecting irregularities, Indling fraud is detailed below. Extent to which the audit was considered capable of deleth.ng irregul8rities, including fraud. VWe identify and ossess the rtsks of material misstatement of the Financial Statements. whether due to fraud or error, and then. design and perfom audit ProdUreS responsive to those risks, including obtaining audit evidence that is suffictent and appropriatè to providé a basis for our opinion. Wè discussed our audit indep8ndance complying with the Revised Ethical Standard 2019 with the engagement team members whilst planning the audit and continually monitored our indepeThlence throughout the process. Identlfylng and a88K•lng potsntl•l rlgks r•latod to Irwegularltle8. In idenltying and assesslng rtsks ol matsrial mBstatement in resFect of irffjgularities, induding fraud and rn)mplIance with laws and fegulalions. Our procedures included the following.. enquiring of management. including obtaining and reviewing supporting documenlation, the charitsble company. policies and procédures relaliry to,. identifying, evaluallng and complying with laws and regulations and whether they were aware of any instances of non-compliance.. - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud., - the inlemal controls estsblished ta mlllgate risks related to fraud or non•complianc8 with Lqw8 and regulations; discussing among the engagement team how and where fraud mighl occur in the Financial Statements and any polents'al indicators of fraud., obtaining an understanding of the legal and regulatory frameworks that the charitable company operates in, fowsing on those laws and regulations that had a di¢1 efféct on the Financial Slatemenls or that had a fundamental effect on the opèrations of the charitable company. Thè kèy laws and regulations we considefed in this context included the UK Companles Act and relevant tax legislation. Audit response to r18k8 Identlfied In addits'on lo the above, our procedures lo respond lo risks identified included the following.. réviewing the financial slatemènl disclosurés and lèsling to supporting documentslion to 8ss8ss complIan with relevant laws and regulations., enquiring of management conceming actual and potential litsgation and claims,. performing analytical procedures to identify any unusual or unexpected relationships th81 may indicate nsks of material misstatement due lo fraud.. - reading minutes of meetings ofthose charged with govemance and reviewing corréspondence with HMRC., and in addrèssing ihe risk of fraud through m8nagement ovarnde of controls, tests'ng the appropriateness oljoumal entries and other 8djustm8nls', - assessing wh8ther the judgements made in making accounkn.ng estimates are indicative of a polenlial bias.. and evaluating the business rationale ol any significant transactions that are unusual or outside the nomal couTre of business. We also communicated relevant identsfied laws and regulations and potential fraud risks to all engagement team mèmbers and remained alert to any Indicatsons ol fraud or non-compliance wrth laws and regulations throughout the audil. A further description of our Tesponsibilities for the audit of the financial ststements is located on the Financial Reporting Covnul's website at ww.frc.org.uklauditorsresponsibililies. This descriptson forms part of our Report of the Independent Auditors. Page 9
REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF WELSH REFUGEE COUNCIL U80 of our roport This report is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companiès 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 io them in an auditors, report and for no other purpose. To the fijllest extent Femiffted by law, we do not accept or assume responsibility to anyone other than the chaiitsble company and the harrtable Company's members as a body, for our audil wod<, for this report, or for the opinions we have formed. Alison Vickers (Senior Ststutory Audilorl for and on behalfof 88van Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Parf( Swansea SA7 9LA Date.. 19 December 2025 Page 10
WELSH REFUGEE COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEAR ENDED 31 MARCH 2025 2025 Total 2024 Total fijnds Unrestrictsd fijnds Restricled funds INCOME AND ENDOWMENTS FROM Oonations and legaaes 38,959 4,321 43,280 113,503 Charitable activities Refugee & Asylum Assistan 261,931 I,438,0 1.699.931 1,326,776 Other trading activities Invèstment incom8 Other income 1,750 11,401 164.183 12,371 108.376 12,371 108.376 Totsl 421,637 1,442.321 1,863.958 1,617,613 EXPENDITURE ON Charltsble a¢llvities Refugee & Asylum Assistanc8 391,450 1.380.607 1,772,057 1,553,923 NET INCOME Tran81•rn b•twe•n fvnds 30,187 552 61,714 {552) 91,1 63,690 16 N•t movement In funds 30,739 61,162 91,901 63,690 RECONCILIATION OF FUNDS Total funds brought foNiard 840.723 270,884 1,111,407 1,047,717 TOTAL FUNDS CARRIEO FORWARD 871,462 331.846 1.203.308 1.111.407 CONTINUING QPERATIONS All income and expendrture ha$ arisen from continuing activities. The noles fomi part ofthese financial slatements Page11
WELSH REFUGEE COUNCIL BALANCE SHEET 31 MARCH 2025 2025 Total nds 2024 Total lunds Unrestricted funds Restricte(I funds Notes FIXED ASSETS Tangiblè assèts 12 CURRENT ASSETS Debtors Cash at bank and in hand 13 45,986 925.217 246.059 153,453 292.045 1.078,670 227.970 1,037.628 971,203 399.512 1,370,715 1.265,598 CREDITORS Amounts falling due within one year 14 199,7411 173.230) 1172.971) 1160.7311 NET CURRENT ASSETS 871.462 326.282 1,197.744 1,104.867 TOTAL ASSET8 LESS CURRENT LIABILITIE8 871,462 331.846 1,203.308 1,111.407 NET ASSETS 871,462 331,846 1.203.308 1.111.407 FUNDS UnreslrirAed lunds Restricied fvnd$ 16 871,462 331.846 840,723 270.684 TOTAL FUNDS 1,203.308 1,111,407 The financial slalements *pre opproved by the Board of Twslees and authorised ft)r issue 1 9 1. 1 2 .1.2 5.....................,,..8nd were signed on its behallty.. on mrn M Alhadi Ali- Trustee E Naas- Trustee The notes form partofthe5e financial statements Page 12
WELSH REFUGEE COUNCIL CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flovm from operating aclivltie8 Cash generated from operations 41,042 392.381 Net cash provided by (yraling activil¢es 41,042 392.381 Change in cash and eash wuivalènts in the reporting period Cash and cash equivalents atthe beginning ofthè rèporting period 41,042 392,381 1,037,628 645,247 Cash and cash oqulval•nts attho end of lh• r•portln9 p•rlod 1.078.670 1,037,828 The notes fonn part ofthese financial statements Page 13
WELSH REFUGEE COUNCIL NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCIUATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net Income for tho reportlng pgrlod 108 pertho Stsloment ol Flnanclal ActivitEes Adjustments for: Depreuab'on charges Ilncreasevdecrease in debtors Increasel{decrease) in creditors 91.901 63,690 976 (64.075) 12,240 1,481 410,030 182,820) Net cash provldéd by Op•raon8 41,042 392,381 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net ca•h Cash al bank and in harKI 1.037.628 41.042 1.078,670 1,037,628 41.042 1.078.870 Total 1,037,628 41,042 1.078,670 The notes fomi part ofthese financAal statements P8ge 14
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES Accountlng convention The financial statements of the tharitsble company. which is 8 public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'AccoLtnting and Repo.ng by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir aLYounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 20C6. The financial statements have been prèpared under the historical cost convention. In¢offl• All income is recognised in Ihe Statement of Financial Acliviltes once the charity has enlillemenl to the funds, any conditions attached to the itemls) of income have been mel, it is probable thal the income will be rec8ivèd and the amount can be measured reliably. Income from Governmènt and other grants, whether 'capital' grants or 'revenue' grants, is recognised when thè charty has enlillemenl lo the funds, any perfomiance conditions attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliabty and 18 not deferred. All income received by the Charity Is us8d to deliver Its pMary oblecllve relugee related support. Int•r08t rneelvabl• Interesl on fvnds held on deposit is induded when receivable and the amount can be measured reliably by the harrty- this is normally upon nolificats'on of the interest paid or payable by the Bank. Donatlons Voluntary income is recelved by way of donation and is included In full in the Inme and Expenditure account when received. Rental Incom• Rental income from operating leases is recognised on a straight line basis over the tem of the relevant lease. Expendllure Liabilits'es are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probabte that a transfer of economic beneffits will be requirèd In settlemeiil and tho amount of thè oblallOn can be measured reliably. Expendllure is accountèd for on an accruals basis and has b8en classified under headings that 8ggregate all cost related lo the category. INhere costs cannot be directly attributed to particular headings they have been allocated to 8CtivrtJ"es on 8 basis consislent with the use of resources. Charitsble A¢tlvltles Charitable expenditure comprises those costs assouated with the expenditure on charitable acts'vities Sncluded the cost of pre status. refvgee status and influencirYJ policy and campaigning 8clivilies undertaken to further ihe purposes of the charity and their associated support costs for ils beneficiaries. It includes both costs that can ba allocated directly lo such activities and those costs of an indifecl nalure neeAssary lo support them. oth•r Expendlturo All resources expended are dassified under actsvity headings that aggregate all costs related to the category. IrcOverable VAT is charged a9ainst the calegory of resources expended for which was incutted. Support Cost• Support costs are thos8 functions that assist thè work ol the charity bul do not direclly undertake charitable aclivities. Support costs include financ8, personnel. payroll and governanr* costs which support the charity's activities. Thésé costs have been allocated beeen cost of raising funds and expendilure on charitablè acts'vitti. Donated Servi¢e8 and Fa¢llltles Donated professional servi5 and facilities are recognised as income when the charity has control over the ilem, any conditions associated with the donated item have been met, the receipt of economic beneffit from the use by the charity of the item Is probable and that economic benefit can be measured reliably. In accordanc8 wrth the Charities SORP IFRS1021, the general volunteer time is not regniSed and refer to the tfUStees' annual report for more information about their contribution. Page 15 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS- ntirtUed FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- conllnued Expendlture On reipl, donated professional seryices and facilities are recogni5ed on the basis of the value of the gift to the charty which is the amount the charity would have been willing to pay to oblain seNces or facilities of equivalenl economic benefit on the opèn market, a corresponding amount is then recognised in expenditure in the rIOd of receipL Tanglbl• flxed &tts Depreciation is provided at the following annual rates in order to write off each assot over its estimated useful Plant and machinery Compul?r equlpmenl 10'h on cost 25% on cost IAihere the eApit81 expendlture is less than £1,000 the charity, has adopted the policy to charge the SOFA Ihe cost of the assets purchased. All items ovèr £1,000 are capitalised and depreciatéd over their useful economi¢ Taxailon Th8 charity is exempt from corporalion tax on charitable activitlès. Fund accounting Unrestricted funds can be used in accordance with the choritobte objectives at the discretion olthe truslees. Restricted funds can only bg used lor particular reslricled purposès within thé objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Furtherexplanation ofthe nature and purpose ofèaeh fund is includ8d in Ihe notes lo the financial statements. The reserves are nomlnated free reserves. Pon•lon costs and other post4•tlrpmgnl benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's nsiOn scheme are charged to thè Statement ol Flnancial Activilles in lh8 period to which they relate. Pr•paAllon of lh• accounts on • golng con¢om ba819 The trustees ¢on$ider that there are no material uncertainties about the charity's ability lo continue as a going concem. Cash at bank and In hand Cash al bank and cash in hand includes cash and short term highly liquid invèstrnents with a short maturity of three months or less from the dale of acquisition or opening ol the deposit or similar account. Functlonal and Prni•ntation Currency The companws funcb'onal and presentation currency is pounds sleding. Cr•ditorn and provl8lon8 Creditors and provisions aré recognised where the chanty has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third paty and the amount duè to settle the obligation can tr measured or estimated reliably. Creditors and provisions are nOnallY reco9nised at their settlement amount after all¢)wing for any trade discounts due. Dolerred Income Deferred in)rne represents invoices raised in the year for grants relating to fviure periods. Employee Benefits The costs of short term employe8 benefits are recongnised as a liabilty and an expense, unless these costs are required lo be recc*3nised as part of the Cost of stock or fixed assets. Page 16 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS-¢onllnu•d FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continuod The cost of any unused holiday entitlement is fecognised In the period in which the employee's services arè received. Termination b8nefits are reMgnised immediately as an 8xpen5e when th8 company is demonstrably committ8d to teminate the employment of an employee or lo provide temiination benefits. Flnan¢lal iThslJuments The charity only has financial assets and financial liabilth'es of a kind that qualify as basic financial instruments. Basic financaal instruments are initially recoonised al transaction value and subsequently measured al their settlement value. Bas1¢ financlal assets Basic financial assets, which include trade and other receivables and cash and ba balances. are initially measured al transaction price including Ifansaction costs and are subseqtsenlly 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. B••lc Ilnonclal Ilabllltl•8 Basic financial liabilib'es, including bank loans, trade and other payables are initially recognised al transaction prirA unless the arrangement constilules a financin9 transaction. where the debt instrurnenl is measured at the present value of the futuffj receipts dIsunted at a market rate of inleresl. Slgnlflcant managem•nt ludgements and koy 8ourcei of eollmatlon uneertalnty The preparation of the financial slalemenls requires management lo make judgments, estimates and assumptions that affecl Ihe application of policies and reported amounts of assets and liabilities. income arKt expenses. The estimates and associated assumptions are based on historical experience and various olher factors that are b81ieved to be reasonable under the circumstaneAs, the results of which forn the basis of makirvj Ihe iud9ments about carying valu85 of assets and liabilities that are not readily apparent from other sources. Actual resulls in the fvlure may differ from these estimates. Estim8les and underlying assumptions are r8VI6W8d on an ongoing basls. Revisions lo accountlng ests'males are recognised in the period in which the estimate is revlsed and in any future pen¢)ds affected. Company StstU8 The charity 15 a company limited by guaranlee and ha$ no shaR capital. The liability of each member in the event of winding up Ss limited to £10. DONATIONS AND LEGACIES 2025 2024 Donations subscripb.ons Award Ceremony 31,326 587 11.367 112,932 571 43,280 113,503 Paga 17 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS. eontinued FOR THE YEAR ENDED 31 MARCH 2026 OTHER TRADING ACTIVITIES 2025 2024 Rental Income 1.750 INVESTMENT INCOME 2025 2024 Interest RerAived 12,371 11,401 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activty Refugee & Asylum Assistance Grants 1,699,931 1,326.776 Grants re¢eived, included in the ab¢)ve. a as lollows: 2025 2024 Welsh Govemment Comic Relief BBC Children in need Garfield Westem AB Charitable Trust The National Lottery Ccffimunity Fund Oak Foundatson Community Foundation in Wale5 Moondano Foundation Gwenl TNLCF IKEA WCVA Volunteering Project Admiral Wales and National Gnd WCVA Capacty Build Play Project Traumatsc Stress Pncewalethousecoopers Home Offic The Walerfoo Foundalion Platrrom Wellbeing Masonic Foundation The National Lottery 900,720 18,687 824.168 23,456 28,963 39,500 s.o 53,999 81,169 145.655 50,487 157,484 96,806 138,000 49,776 93.422 18.002 28.750 15.240 10,000 12,500 3,934 24,491 3,501 29.CQO 10.000 79,179 30,0 S,OCrfJ 6,2CQ 19,997 1,699,931 1,326,776 Page 18 Contin1...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS . Conllnued FOR THE YEAR ENDED 31 MARCH 2025 CHARITABLE ACTIVITIES COSTS Support costs { note 7) Direct Costs Totals Refugee & Asylum Assistance 1.548,141 223,916 1,772,057 SUPPORT COSTS Supwrt Managernt Finan Totals Refugee & Asylum Assistsnce 215.450 618 7,848 223,916 NET INCOMEIIEXPENDITURE) Net incomel{expenditure) Is stated after chargingl(creditlThJ): 2025 2024 Depreciation- owned assets 976 1,481 TRUSTEES. REMUNERATION AND BENEFITS There wore no tiusltes, r8mun8ration or other benefits for th8 year ended 31 March 2025 nor for thè year ended 31 March 2024. Tru8te•8' •xpen•o• 2025 2024 Trustees, expenses 7.922 10. STAFF COSTS 2025 2024 Wag8s and $8larieg Social security costs Other pen$i¢n costs 1,183.475 1,081,501 92,593 41,000 46,640 1,324,781 1,215,094 Remuneration relats'ng lo key management personnel were within the following ranges.. Salary £0 6&75 40-50 40-50 40-50 CEO Head of seIce5 Head of Comms Head of Resettlement Head of Resourc*s 2025 228.800 2024 172,620 Total paid to key management personnel Page 19 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMÉNTS - ¢ontinugd FOR THE YEAR ENDED 31 MARCH 2025 10. STAFF COSTS- ¢onllnuod The average monthly number ofemployaes during the yearwas as follow5.. 2025 2024 45 Direcl Charitable ExFenditure Administrats'on 45 The number of mOYeeS whose employee benefits (excluding employer pension costs) 8Xteeded £60,000 2025 2024 £60,001- £70,000 11. COMPARATIVES FOR THe STATEMENT OF FINANCIAL ACTIVITIES Unrestn'cled nds Restricted funds Total funds INCOME AND ENOOWMENTS FROM Donalions and10gacies 100,597 12,9ce 113,503 Charilablg a¢tivltle8 Refvgee & Asylum Assistance 220,215 1,106,561 1,326.776 Other trading 8Ctivilies Investment income Other income 1,750 11,401 164,183 1,750 11,401 164,183 Total 498,146 1,119,467 1.817.613 EXPENDITURE ON Charltsble a¢tlvitle• Refvgee & Asylum A88iStance 242,732 1.311,191 1,553.923 NET INCOMEI(EXPENOITURE) Transf•rs between funds 255,414 23.056 (191,724 } {23,056) 63,890 N•t mov•m•nl In fvnd• 278,470 (214.7801 63,690 RECONCIUATION OF FUNDS Total fvnds bro3ht foThvard 562,253 485,464 1.047.717 TOTAL FUNDS CARRIED FORWARD 840,723 270,684 1,111.407 Page 20 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMEPUS- continu•d FOR THE YEAR ENDED 31 MARCH 2025 12. TANGIBLE FIXED ASSETS Plant and mathinery Computer 4uipm8nt Totals COST At 1 April 2024 and 31 March 2025 9,745 67.034 76,779 DEPRECIATION At 1 April 2024 Charge for year 5,596 260 64,643 716 70,239 976 At31 Marth 2025 5.856 65,359 71,215 NET BOOK VALUE Al 31 March 2025 3.889 1,675 Al 31 March 2024 4,149 2,391 6,540 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade deblors Othér dèbtofs Prepayments 22,653 261,023 8,369 139,099 88.301 570 292,045 227,970 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors VAT Other Gredrtor8 Accrued expens88 61,378 58.844 2,531 50.218 74,221 61,651 3,484 21.375 172.971 160,731 15. LEASING AGREEMENTS The 8mounts payable in respect of operating leases shown below a analysed according to the expiry of the leases; 2026 2024 Committed to be paid.. Expiring 4Mthin one year Expiring more than one year 24,8CO 12,tK)o 24.800 12,000 Page21 ontinued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS Nel movement in funds Transfers b&eefi funds At 1.4.24 31.3,25 Unrèstrletsd funds General fijnd Mwranl Help Oak Discretionary Payment DesKJnated Fund RCT Syrian Project Funds Held as Payroll Deposit Sewscap Garfield 114Èston IKEA AB Charttsbl8 Trust 2023124 Essential Posts Desi9nated FuTrJ Pricewalerhousecoopers Traumab'c Stress Oak New Project Nation of Sanctuary Award WAG- NRPF Train Former CQFW 412.172 64,558 15.576) 6,423 55.978 (40,0001 462,574 30.981 22.451 8.898 29,(M)O 3,752 33,528 37.819 14,730) 12.122) 17,721 6,776 29,C(iO 3,752 28,637 30.542 25,000 185,799 14,891) (7.277) 25.000 39,963 14.9021 16.072) (21.055} 1,144 14.282 145,836 4,902 6,072 71,735 {1,1441 {14,2821 840,723 30,187 552 871,462 ReBlrl¢ted fund8 WG Move on Project Grant Hardship Fund Activities Oonab'ons The Big Lottery Grant {People and Pla(*s) The 819 Lottery Capital Costs WG WSS Proiect Clothwothers Foundalion Award forAII Moondance Foundabon Newport Rent Donatsons General fund WCVA Volunteef Project CFIW Nation of Sancluary Admiral Blue Thad Wales and Wesl NEWP TNLCF CARD TNLCF SWA TNLCF Adibi Fund WG ARP Ukrainian Project Play Project Platfomi Focus Group Masonic Foundation CEET Play Project 74 173} 1,871 11,315 479 22,158 {4791 19761 4,628 21,182 4,628 1,825 18,948 145,183 9,198 16,538 2.773 27,505 6,221 7,091 1,825 18,948 145,183 9.198 18,538 4,165 34,418 23,301 7,992 10,085 18,961 16,124 2.302 5,498 58,117 30,005 (1.392) 16.9131 (17.080) {9011 (10,085) {9.885) 14.5571 11.0441 12.1651 {58,117) {24.5071 5.000 9,076 11.567 1,258 3,333 5.498 s.0 4,566 19.141 19,141 270,684 61.714 (5521 331.846 TOTAL FUNDS 1.111,407 91,901 1.203,308 Pa9922 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS-conllnued Net movement in funds, induded in the above are as foll Incoming resources Resources experKled MoveffEnt in funds Unrestricted funds General Migrant Help Oak Discretionary Payment Designated Fund RCT Syrian Project WCVA Capaaty Build Garfield Weston IK&4 AB Charitable Trust 2023124 Essenlial Post5 DèsKJnated Fund PnewaterhOuSec0operS Traumatic Stress Oak New Project Nation of Sanctuary Award WAG- NRPF Train FomerCQFW WG Hate Crime & HolDJomor WG ARWAP 19,802 76,711 (25.378) 170.288) (5,576) 6.423 7,655 31.665 3,934 112.385) 133,787) {3,934} {9,891 } 17,277) 128,999) {4,730) {2. 122> 14.8911 17,2771 25,IXIO 39.963 14.9021 16,0721 {21.0551 1,144 14,282 53.999 39.963 14,902) 16,072) {159,055 } 110.223) 110,643) 13,618) 14.9981 138.000 11.367 24.925 3.618 421.637 {391.4501 30.187 Rè8tricled fund8 WG Move on Proje¢l Grant Hardship Fund Activitiés Donabons The Big Lottery Capital Costs Waterfoo Projecl WG WSS Project Award for All MOOndan Foundation Comic Relief Chang8 Makers WCVA Volunteer Project CFIW Nation of Sanctuary National Gnd Admiral Blue Thread Wales and 1 NEWP TNLCF CARD TNLCF SWA TNLCF Adibi Fund WG ARP Ukrainian Project Play Project New Heritage Lottery Cardiff Prosperity Home Office émsa Project Platlom Focus Group Mist Project Masonic Foundats'on CEET Play Proiecl 171,365 3.821 {171,3661 11,950) {976 130.0001 1400,282) 11.0491 {12,3011 {18,6671 {13,8921 {57,4001 {4,999} (20,724} 1gJ11 {10,0851 {33,9281 {61,4511 116,9131 {2,165} {203,1171 I30,7} 181.1691 1122,989 } 179.1791 (1} 1,871 197ei 404.910 19,997 157,484 18,e67 12.500 50.487 4,999 4,628 18,948 145,183 {1.392) 16.913) 117.080) (9011 110.085} 19.885) 14.557) 11,044) 12,165) 158,1171 {24,5071 24.043 56.894 15.869 145,000 81,169 122.989 79,179 S.(XiQ 3,113 6,200 19,491 13.1131 11.634 (3501 4.566 19.141 1,442.321 {1.380,eo7) 61.714 TOTAL FUNDS 1,863,958 {1,772,0571 91.901 Page 23 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- ntInUed Comparalives for movemènt in fund8 Net movement in fijnds Transfers betsveen funds At 31.3.24 At 1.4.23 Unreglrlcted funds General fijnd Migrant Help Oak Discreb'onary Payment Designated Fund RCT Syrian Prosect Funds Held as Payroll Deposit Sewscap Gaffjeld Weston IKEA 2023124 Essential Posts Dèsonated Fund Pncewal8rhouseC¢)op&rs Traumabc Stress Oak New Project 284,754 6.928 18,225 64,558 109,193 (6,9281 412,172 64.558 27,178 26,219 29,0 (4,7271 {4,0771 22,451 8,898 29.000 3,752 33,528 37,819 145.836 4,902 6,072 71,735 (13,2441 3.752 5,283 8.490 47,151 127,553 4,980 19,755 {9,3321 93,283 {781 6,072 71,735 (75,0001 562.253 255,414 23,056 840,723 Restrictsd fund$ WG Move on Project Grant Hardship Fund Activities Donations The Big Lottery Grant {People and plaS} The Big L¢)ttery Capital Costs WSS Proiecl People Post Code IOIG Hate Crime Clothwother5 Foundation Oak Foundatson Refugee Action Award for All Migrant Help Aire Newport Rent Donatrons Comic Relief Change Makers BBC Children In Need IV General fijnd WCVA Volunteer Project CFIW Natson ol Sanctuary Admiral Blu8Thread Wales and West NEWP TNLCF CARD TNLCF SWA TNLCF Adibi Fund WG ARP Ukrainian Project BBC Children in Need V Play Project 297 16,110 71,645 23,134 21,919 4,900 785 2,330 47,786 2,999 (2231 74 {7,3151 167,7461 19761 {21,9191 (4,9001 (7851 15051 (45,7671 13,420) 479 22,158 1,825 (2,0191 <2,9991 11,441) 11,230 7,722 22,679 1,000 16,538 5,617 34,545 40,945 SO,CNJO 7,816 19,621 8,181 3,232 3.243 58,811 938 (11,230) 1,476 (12,7661 174) 9,198 (9,913) 19261 16.538 4,165 34,418 23,301 7.992 10,085 18,961 16,124 2,302 5,498 58,117 11,452) (127) {17,644) {42,008) 2.269 (1,6741 875 {9301 2,255 1,289 19381 29.079 1,014 7.068 11,983} 926 30.005 485.464 {191,724) 123.056) 270,684 TOTAL FUNDS 1.047,717 63,690 1,111,407 Page 24 ccrfinued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- continuod Comparative net movement In fvnds, indudad in the above are as follows.. Incoming resources Resour$ expended Movement in funds Unrestrlcted funds General fund Migranl Help Oak Discretionary Payment D8synated Fund RCT Syrian Project Garfield Weston 16.845 125.389 1,380 (60,831) 18,225 64,558 (4,727) {29,895) {19,745) (27,334) {26.309) {5,078) (3,928} {66,285) {4,727) {4,0771 19.755 19,3321 93,283 1781 6,072 71,735 25,818 39,500 18.002 119,592 5.000 10,000 138,000 2023124 Essential Posts Desonated Fund Pri&8watérhouseC0ors Tfaumalic Stress Oak Néw Project 498,146 (242,732) 255.414 Restrlcted funds WG Move on Project Grant Hardship Fund Acb'vitses Oonalions The Big Lottery Grant (People and Platss) The BKJ Lottery Caprtal Costs WG WSS Project People Post Code WG Hale Cflme Clothwothets Foundation Oak Foundation Award for All Newport Rent Donations Comic Relief Change Makers WCVA Capacty Buikj BBC Chiklren in Need IV WCVA Volunteer Project CFIW Nation of Sanctuary NatKJnal Grid Admiral Blue Thad Wales and West NEWP TNLCF CARD TNLCF SWA TNLCF Adibi Fund WG ARP Ukrainian Project BBC Children in Need V WG Eng8gemenl Paper Rese• Play Project 171,365 2.827 {171,365) 110,1421 167,7461 19761 (380,6091 14,900} 17851 Isos) (45,767) (1,441) 17,31 S) (87,748) 1976> {21,919) (4,9CX)) {7851 15051 {45,767) {1,441) 1.476 112,7661 358.690 1,476 25.206 3.501 {37,972) {3,501) {741 130,2021 {49,903> 19,9981 137,8841 (42,0081 (7,731) {29,994) {53.407) (11,750) 12.745) (278,2011 129,9011 (1,684) (74) (1.452) 1127) 28,750 49,776 9.998 20,240 (17,644) {42.CQ8) 2,269 {1,674) 875 1930) 2.255 1.289 {9381 10.000 28.320 54,282 10.820 5,000 279,490 28,963 29.079 29,079 1,119.467 (1,311,191) 1191,724) TOTAL FUNDS 1,617,613 (1.553,923 > 63,690 Page 25 conlinued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS- eontinugd FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- eonlinued A current year 12 months and prior year 12 months Gnbined position is as follows.. Net movement in funds Transfe ben funds At 31.3.25 At 1.4.23 Unrestrfcted funds General fvnd Migrant Help Oak Discretionary Payment Deslgnated Fund RCT Syrian Prqect Funds Held as Payroll Daposil Sewscap Gaffiekl Weston IKEA AB Chan18ble Trust 2023124 Essenkn'al Posts Oesignated Fund Prir£watert)ouseCoopers Oak New Proj8cl Nation of Sanctuary Award WAG- NRPF Train Fomier CQFW 284,754 6,928 12,649 70,981 165,171 (46.928) 462,574 30,981 27,178 26,219 29,000 19,457) 16.199) 17,721 6.776 29.0 3,752 28,637 30,$42 25,000 185.799 (13,244) 3,752 5,283 8,490 47.151 14.864 116,6091 25.000 133,246 {4,9801 50.680 1,144 14,282 127,553 4,980 (75,000) 50.680 11.1441 114.2821 562,253 285,601 23,608 871,462 Restrlctsd funds WG Move on Project Grant Hardship Fund Actsvities Donations The Big Lottery Gfanl (People and Places) The Lottery Capital Costs WG WSS Project People Post Code WG Hale Crime Clothwother5 Foundation Oak Foundation Refugee Action Award for Ati Migrant Help A're Moondance Foundation Newport Rent DonatSons Comic Relief Change Makers 88C Children in Need IV General fvnd WCVA Volunteer Project CFIW Nation of Sancluary Admiral Blue Thread Wales and W8St NEWP TNLCF CARO TNLCF SWA TNLCF Adibi Fund WG ARP Ukrainian Project BBC Childn in Needv Play Project Plattom Focus Group Masonic Foundati( CEET Play Proje 297 16,110 71,645 23,134 21.919 4,900 785 2,330 47,786 2,999 1.441 11,230 11) 15,4441 (67,746) {1,9521 (17.291) (4.9001 17851 1505) (45,767) {2961 11,315 (3,899) 21,182 4.628 1,825 (2,019) (2,9991 17,507 18,948 111,230) 145,183 1,476 {12,766) 174> 145,183 9,198 7,722 22,679 1,CwJO 16,538 5,617 34.545 40.945 50.000 7,816 19,621 8,181 3,232 3.243 58,811 938 (9,9131 (9261 16.538 2,773 27,505 6,221 7,091 (2.8441 {7.0401 134,7241 142,9091 17,8161 (11,5591 13,6821 11,974) 90 (56.828) (938) 4,572 5,000 1,014 7,068 9,076 11,567 1,258 3,333 (1.9831 926 5,498 5.000 19,141 19.141 485.464 1130,010 } {23.608) 331.846 TOTAL FUNDS 1.047,717 155,591 1,203,308 Page 26 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- ¢ontlnu•d Page 27 ¢ontsnued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2026 16. 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.. Incoming resour5 Resources expended Movement in fijnds unr•st¢t0d fund• General nd Migrant Help Oak Oiscretionary Payment Designated Fund RCT Syrian Project WCVA Capacity Buikl Garfield Weston IKEA AB Charitable Trust 2023124 Essential Posts Designated FUTr Pricewaterhousgcoopgrs Traumatic Stress Oak New Project Nation ol Sanctuary Award WAG- NRPF Train FonnerCQFW WG Hate Cnme & Holodomor WG ARWAP 36.647 202.100 123,998} (131.119) 12,649 70,981 7.655 57.483 3,934 44,500 18,002 53,999 159,555 5,000 10,CQO 276.000 11.367 24.925 3.618 4.998 {17,112} (63,6821 13.9341 (29,6361 (34,6111 (28,999) {26,309) (9.980} (10,CI)O) (225,3201 110.2231 (10,6431 13,6181 {4,9981 19,457) 16.199) 14,864 {16.6091 25.000 133.246 14,980) 50,680 1,144 14,282 919,783 (634,182) 285.601 Re8trieted fund8 WG Move on Project Grant Hardship Fund Activities Donations The Big Lottery Grant (People and Places) The Big Lottery Capital Costs Waterloo Prqect WG WSS Project People Post Code WG Hale Crlme Clolhwothets Foundation Oak Foundatson Award for All Moondance Foundation Newport Rent Donations Comic Relief Change Makers WCVA Capacity Build BBC Children in Need IV WCVA Volunteer Project CFIW N8tion of Sanctuary National GrKi Admiral Blue Thread Wales and Wesl NE)PTNLCF CARD TNLCF SWA TNLCF Adibi Fund WG ARP Ukrainian Project BBC Children in Need V WG Engagemènt Paper Research Play Project New Heritage Lottery CardrfF Prosperity Horne OffiG8 evisa Project Platfo Focus Group 342,730 6,648 {342.731 } (12,0921 (67,7461 (1,952} {30,0¢)01 {780,8911 (4,9001 17851 15051 145,7671 12.4901 <12.301) 15.444) 167,7461 (1,952) 30,000 763.600 (17,291) (4,900) {785} {505) 145,767) 17,507 145,183 1.476 (12,766) 19,997 157,484 1,476 43.873 3,501 <56,639) {3,501) 174) {44,094) {107,3031 {14.997} {58,608} {42,9091 {17,8161 {63,9221 {114,858) {28.663) {4,910) {481,318} (29,9011 (1,684} (30,C(J7} 181,169) (122,989} {79,179) 1741 (2,8441 {7,040) 41.250 100,263 14.997 23,884 134.724) 142,909) 17,8161 111,5591 13.6821 {1,974) 10,000 52,363 111,176 26.689 5,000 424,490 28.963 1,684 34,579 81.169 122,989 79,179 5,000 {56.828) 1938) 4,572 Page 28 continued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS- contlnuod FOR THE YÉAR ENDEO 31 MARCH 2025 16. MOVEMENT IN FUNDS . conllnued Misl Project Masonic Foundation CEET Play Project 3.113 6,2¢J) 19,491 (3.113) (1,634) {350) 4.566 19,141 2.561,788 12,691.7981 1130,010) TOTAL FUNDS 3,481,571 13,32S,980) 155,591 a. The WG Move On project provlded assistance in the transition of the stalus of an asylum seeker to refugee housing support in Wales. b. The NLCF funds were lo fijnd important positions like. Triage, casèw0er. Volunteer PO. BDO and upgrade computer equipment, c, 88C Children in Need provided fvnding for a part-lime post of Play Development INorker and Play Assistsnt. to establish infomal children's play sessions and a loy library for refugeè and asylum-seeking chSldren. d. The Comic Reliefgrantwa5 to lund NRPF caseworker. e. The Lloyds Bank Foundation grant helped lo fvnd part tlme posts (Executs've Assistant & Finance Assistant) f. The WG WSS project is paid by Welsh Govemment. thanks to this project we make Sure our clients kn¢)w their rights and we also advocate for them. g. The Hate Crime project funded wofkshops & activities to increase Hate crime awareness. h. The Oak Foundation Grant15 to fund Ihe"Refugee and Asylum Housing Prevenlion Project, . The Refugee Action Granl is lo fund the"Asylum Guhle Projecr,. l. Thè Communty Foundation In Wales Nation of Sanctuary grant Is to fvnd the INelsh Refugee Coaliti'on Coordinator. k. The Screwfix Grant is lo fvnd part of the office refurbishment cost. l. The National Emergèncy Trust Grant is lo help Voluntary organisations that help vulnérable people impaclod by the COVIO-19 crisis, m. The WCVA COVID Grant is part of the Emergency Fund lo help organisalions during the pandemic. n. The Moondanc6 Foundalion Grant was COVID specific and helped funding the Education & Employabilty Offic8r. o. Th8 Race Council Cymru grant is to fvnd the progfamme"Global Majority p. Gwenl TNLC Fund was awarded for the help provided during the project deblopment. q. The CAF projecl is part of thè Resilience Fund phase 2 which provided funding for Service delivery. r. The OWP Kickslart helped us to create jobs for young people at risk of long-lerm un&mployYnenl The WG Rac4 Equality Grant main purpose was to ensure that the consultation on the Race Equality Action Plan lor Wales is undertaken wllh a broad range of people from Black. Asian and Minority Ethnic communitsè5 across Wales (including Gyps1es, Roma and Traveller5, migrant and refugee communities). t. The WCVA 2021122 is part of the Voluntary SeThi Recovery Fund and provided fijnding for SeN1 delivery. u. The Moondance Community Organising fiJnd8d the Community Organiser lo support Afghan Refvgees v. WCVA Volunteer project is lo fvnd the Volunteer Manager and volunteers activities. w. Admiral is to prowde lunding lo th8 Education & Employabilrty proje¢l. . x. The Blue Thread is to provide tvnding to 5UPPOrt our capacity and 8ohavioural Insights Developmenl Proje¢L y. Wales & Wesl is to provide funding lo support our Play project. 2. Newport TNLCF is to provide fijnding lo the Boost project for volunleers. aa. CardilfTNLCF is lo provide funding lo reduLY homelessnèss. bb. Swansea TNLCF is lo provide lunding to reduce homelessness cc. Adibi Fund is to provide funding lor educats'on. dd. WG WSS Ukrainian is lo provide fvnding forthe Ukrainian crisis. ee. Newport Rent Donations is lo provide lunding lorlhe Newport office. ff. Cardiff Prosperity Fund - Cardiff Shaa Prosperity Fund - Education & Employability programm8 delivery for refugees and asylum seekers living in Cardiff gg. Home Office evisa Project - WRC are the lead and onty organisalion delivering the transition to evisa seNce in Walgs hh. New Heritage Lottery - A project to exploré stories of mlgralion across Wales called Shaping Nations.. The Impact of Migration Storiès ii. Mist Project - Peer Mist Developing Peer Led Movement-based Intervention lo Improve Physical and Psychological Outcomes for Survivors of Torture and Trauma in Wales and Beyond ij. Masonic Foundation Funding the Play Project for children aclNilies and outdoors experiences. kk. CEET Play Project Funding the Play Prqect for children aciNths and outdoors experiencs. Page 29 conbnued...
WELSH REFUGEE COUNCIL NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- contlnued Designated funds comprise those fvnds which the Welsh Refugee Council may at its discrètion Set aside funds for specific purposes which would otherwise fomi part of the general unrestricted reserves. The Truslees have Specifically designated the funds held as a payroll deposit 01 £29,CN)O with their payroll providers. An amount of £22,451 from Oak dISclI0nary. and £145,836 of donats'ons both désignated for salaries gap in luture years.. The designation reflects the intentions as to the future application of funds a5 al the balance sheet dale and do not rellect an external transactsons or present obligation to a third party. The transfer of lunds from Restricted to Unrestricled was agreed to be released to the general lund the Twslees. 17. RELATED PARTY DISCLOSURES There were no related party transactions forlhe yearended 31 March 2025. Page 30