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
#180

WELSH REFUGEE COUNCIL
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page
Roport of the T￿￿te•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 2￿6, 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 rx*sts
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 d1￿Ctty 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 p￿VentiOn - 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 & cross*aty 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 pu￿ose5 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 nUm￿r
04818136 (England and Wa￿)
Reglstsred Charlty nurn￿r
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 {res￿ned 20.7.251
N Morgan (resigned 17.3.25)
J Morgan
H Osman {resigned 20 7.25)
H Ameen
S Bera (reS￿ned 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 Meth￿￿S 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 Ge￿ra1 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 AC￿pted Accounts'ng practi￿., and
have been p￿pared 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 de￿ribed 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 the￿on.
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 appIl￿ble 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 finan￿al 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 ￿n￿rn 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 fr￿n 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, Ind￿ling 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 Pro￿dUreS 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
r￿n￿)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•ra￿on8
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 p￿Mary 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 In￿me 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 obl￿allOn 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.
Ir￿cOverable 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 be￿een cost of raising funds and expendilure on charitablè
acts'vitti.
Donated Servi¢e8 and Fa¢llltles
Donated professional servi￿5 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 re￿gniSed 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 re￿ipl, 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 nO￿nallY 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 dIs￿unted 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
Contin￿1...

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
Managern￿t
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 se￿Ice5
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 ￿m￿OYeeS 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 bro￿3ht 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 Th￿ad
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
Pne￿waterhOuSec0operS
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 pla￿S}
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&8watérhouseC0o￿rs
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 Th￿ad
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 G￿nbined position is as follows..
Net
movement
in funds
Transfe
be￿n
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 Child￿n 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
resour￿5
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, casèw0￿er. 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 deb*lopment.
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 Sha￿a 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 experienc*s.
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 dISc￿lI0nary. 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