Charty number.. 1108430 Company number: 03261608 (England and Wales) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR VOICES FROM CARE CYMRU LIMITED BY GUARANTEE
VOICES FROM CARE CYMRU LIMITED BY GUARANTEE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Chief Executlve's Statement Co-chair's Statement Report of the Trustees 412 Report of the Independent Audltors 13-16 statement of Flnanclal Activities 17 Balance Sheet 18 Statement of Cash Flows 19 Notes to the Flnanclal Ststements 2042
Chief Executive's Report For the Year Ending 31 March 2025 A Year of Progress. Partnershipi and Purpose Thls past year has been one of remarkable momentum and meaningful Impact forvoices From Care Cymru, Grounded in the principles of the United Nations Conventlon on the Rlghts of the Child, we have contlnued to champion the voices of care experienced chlldren and young people across Wales-ensuring they are not only heard but are central to shaping the systems that affect their lives. Drlving Radical Reform The Radical Reform Declaration, co-created by Welsh Ministers and our Young Ambassadors, was formally signed in May 2023-a landmark moment in our Journey toward systemic change. This was followed by a second National Summit in North Wales in October, ensuring that young people from all communitles had a platform to influence forrn. In March 2024, we hosted a Follow-up National Summit where Welsh Mlnisters reported back dlrectly to care experlenced young people. This level of transparency and accountability is unprecedented and sets a new standard for co-productlon In publlc serrflce reform. Another Summit is already In planning for 2024-2025. Our young people contlnue to play a vital role In national governance structures, Including the Transformation Delivery Board and the Corporate Parentlng Implementation Groupi partlclpatlng as equals alongside senlor professlonals, Following the transition In Welsh Govemment leadershipi we have supported young people in bulldlng constructive relatlonships wlth new Ministers, ensuring continuity in our advocacy and Influence. We've also strengthened cross-party engagement through our role as secretariat for the Cross-Party Gmup on Children In Our Care. Thls group is now working on a leglslative proposal to embed the best of the radical reform initiatives into law. When the Welsh Government's initial response to the Children, Young People and Education Committee's report fell short, we acted. Drawing on the lived experlence of young people, we submltted a compelling evidence-based report that led to significant revisions in the Government's position. Looklng ahead, we wlll co-develop a Manifesto for Change with care experlenced young people in preparation for the 2026 Senedd elections. IIPage
Research, Consultation, and Collaboration Our partnership wlth CASCADE at Cardiff University continues to thrive. This year, young people have contributed to research on the Welsh Government's Basic Income Pilot and evaluated the Looked After Children Nurse service. Through peer research trainingi they are not just participants-they are leaders in shaping knowledge and policy. Wellbelng: Supporting the Whole Person Our wellbeing servlces have expanded significantly. We launched a range of new resources, including our innovative Bibllotherapy Journal, deslgned to support emotional self-regulation and self-care. We provided direct support to 117 young people and facilitated peer support cafes for students, care experienced parents, LGBT+ youth, and those navigatlng mental health challenges. These spaces have become vital communities of mutual support. Our Sky's the Limlt project, launched thls year, Is already maklng a dlfference for chlldren aged 8 to 14 in care-offering creative, community-based activities that build confldence and connection. We've also deepened our work wlth care experienced young rnen In the crlminal justice system. From regular groups in Berwyn Prlson to new partnerships with Cardiff and Parc Prisons, we are creating spaces for expression, heallngi and advocacy. A powerful example was the play written and performed by care experienced prisoners, attended by Welsh Mlnisters. Thelr volces were also heard at the March 2024 Summit, calling for urgent actlon to prevent others from followlng the same path. Looking Forward As we move Into the next year, our focus remains clear: to amplify the voices of care experlenced chlldren and young people, to influence lasting change, and to ensure that every young person in care feels seen, supported, and empowered. With Gratitude To our Board of Trustees-thank you for your unwavering guidance and belief in our misslon. To our dedicated staff-your passlon and commitment to Childn'S rights. are the heartbeat of this organisatlon. To our Patron, Mlchael Sheen-your continued support means the world to us. And most importantlyi to the care experienced children and young people we work with your courage, honesty, and vision inspire everything we do. Dlolch yn fawr i chi i gyd. Chlef Executive Voices From Care Cymru 21Page
Co-chair's Statement For the Year Ending 31 March 2025 Over the past year, there have been numerous accomplishments, and as Co-chairs, we extend our heartfelt gratitude to all the care experienced children and young people who have generously volunteered their time. Their courage and dedication have been vital in he5ping policymakers gain a deeper understanding of their lives, identifying areas that require improvement, and suggesting effectlve solutions. The ongoing engagement of the care experlenced community continues to inform and influence government actions at all levels. The working relationshlp establlshed through the Declaration wlth the Welsh Government has been further strengthened by a variety of actlvltles. The sustained Involvement of many young people has been crucial in ensuring continued progress. Their efforts have also led to meanlngful changes in policy through persuasive advocacy. We are also proud to highlight the work of our Carmarthenshlre reglonal groupi who came together to create The Adaptable Chef - cookbook of slmple, affordable recipes designed to support care-experienced young people In supported accommodatlon. Launched on 29 August, thls project Is more than a reclpe book. It is a youth-led resource that builds confldence, Independence, and community. We want to thank every young person involved for thelr dedication and for showing how care-experienced volces can lead positive change for thelr peers. The VFCC project, The Sky's the Llmit, has played an important role in maklng sure that the perspectives of younger children are reflected In pollcy development. The Well-being servlce has provided essentlal support to many children and young people. Our funders are Integral to the success of VFCC'S work, enabllng us to improve the lives of care experienced children and young people now and in the future. We offer our sincere thanks to all our funders and to our Patron, Michael Sheen. Finally, it is vital that children and young people have access to relevant information and the support they need to gain the confidence to express thelr views to pollcymakers. We are deeply grateful to our staff team for thelr commitment and hard work throughout the year. Catriona Wllllams OBE
Reference and administrative details Company Reglstrat5on number: 3261608 Charity Number.. 1108430 The trustees serving during the year and slnce year-end were as follows:_ Catriona Williams - Chair Jo- Anne Grifflth Co Chalr (resigned 25 June 2025) Graham Roddls - Treasurer Jeffery Champney-smith Roger Bishop lan Harvey Cralg Mead Rhlan Thomas (resigned 25 June 2025) Mellssa Noot Sophie Laders (reslgned 22 October 2025) Louise Roberts (reslgned 22 October 2025) Rosemary Squlres - co-opted (3 March 2025) Georgia Toman co-opted (3 March 2025) Company Secretary D A Jones Chief Executive D A Jones Registered Office 45 The Parade, Roath, Cardlff CF24 3AB Audltors Hodge Bakshi - Churchgate House, 3 Church Road, Cardlff CF14 2DX Bankers Barclay5 Bank PLC - 28 Queen Street, St Davids Centre Cardlff CFIO 2BY CCLA Investment Management Llmited, COIF, Charities Deposit Fund - One Angel Lane, London EC4R 3AB CAF Account - 25 Klngs Hill Avenue, Kings Hill, West Mallingi Kent ME19 4TA
Objectives and Activities Voices From Care Cymru (VFCC) exists to advance the spiritual, educational, and physical welfare of care-experienced young people in Wales. Our mission is rooted in the UN Convention on the Rights of the Child, ensuring that young people's voices are central to decision-making and service delivery. We do thls by: Gathering and representing the views of young people at all levels of authorlty in Wales. Providing advlce, advocacy, and wellbeing support. Encouraglng local and national participation frameworks to arnpllfy youth volces. Supporting peer research and collaboratlon wlth partners like Cardiff Universlty. Promoting trainlng for servlce providers to improve outcomes for care-experlenced chlldren. Our work is gulded by safeguarding duties under the ChSldren Acts, RSghts of Children and Young Persons Measure, and the Social Care and Wellbeing Act. Public Benefit VFCC complies with Section 17(5) of the 2011 Charltles Act. Our services dellver clear public beneflt by.. Promoting knowledge of rights. Provlding Informatlon and emotional support. Facilltatlng access to education, volunteeringi and employment. Advocating for systemlc change In Welsh Government policy. This ensures that the care-experienced community has a stronger voice and better access to opportunities across Wales. 51Page
Achievements and Performance 2024-2025 Radicall Reform and Government Engagement The Radical Reform Declaration, signed in 2023, has contlnued to shape our advocacy. VFCC hosted national summits in Cardlff and North Wales, enabling over 65 young ambassadors to question Ministers directly. A thlrd summlt in March 2024 allowed Ministers to report back, setting a new benchmark for accountability, Following a change in Flrst Minister, young people secured reassurances that Radical Reform would remain a government priority. VFCC also provlded evidence to the Senedd, helplng to secure commitments to end profit in children's care. Corporate Parenting and Charter Work Young people contrlbuted directly to the Corporate Parenting Implementation Groupi strengthening the Charter and Toolkit. They emphasised the need for real, measurable commltments and helped draft a Care Leavers Commitment for Wales. Research and Consultation Through partnerships with CASCADE and Coram Volcei young people informed the Basic Income Pilot's evaluation, Including exit strategies and financlal transition resources. Padlets and digital tools were produced to support budgetingi wellbeing, and rights awareness. Representataon and Advocacy Our young ambassadors contributed to the Welsh Youth Parliament, the Five Nations One VoSce Coalition, and UK-wide exchanges. ca Day 2024 saw the launch of the Care Experience Scarf campaign, symbolising a care system built on love. Wellbeing and Peer Support VFCC delivered 1,384 structured wellbeing sesslons annually, supportlng 125 young people directly. 158 engaged In wellbeing events and activities. The Sky's the Limit project supported younger chIldn through creative programmes. Peer Support Cafés grew to include pilots for neurodivergent young people and Welsh speakers, while new groups supported parents, LGBT+ youth, and students. Work in prisons expanded to three peer support groups, creating platforms for advocacy and rehabllitstion. 61Page
Impact Summary 125 young people accessed direct wellbeing services. 158 engaged in wellbeing events and activities. 74 new members (aged 8-23) joined VFCC. 1,384 structured sessions dellvered annually. 65 young people involved in summits and influencSng activlties. 3 prisons engaged in peer support programmes. Annual Totals and Observations The annual breakdown of activity shows a significant scale of delivery across counselllng, wellbeing, influencingi and group work. The largest share of sessions was delivered under Wellbeing (948 sessions), highlighting the increasing demand for emotional and mental health support. Partlcipation and Influencing accounted for 220 sessions, demonstrating the strong role of young people in shaping policy. Smaller but essential contributions came from Counselllng (100 sesslons), Enquiries (28), Multi-Agency Working (56), and Getting Ready group work (32). Observation: Demand for wellbeing support continues to rfse, reflecting both the need for struttured sesslons and the effectiveness of new projects like the Wellbeing Room and Sky s the Llmit. Influencing sessions confirm that young people are not just recipients of services but actlve leaders in advocacy and reform. Smaller session categories such as counselling and enquirles remain crltlcal touchpolnts, often servlng as gateways to longer-term engagement. ThSs annual overview underlines VFCC'S dual impact: supporting the whole person through wellbeing services while simultaneously empowering care-experienced young people to influence systemic reform. 71Page
Looking Forward VFCC will co-develop a Manifesto for Change for the 2026 Senedd elections, expand trauma- Informed wellbeing services, and strengthen partnerships in education, housingi and employment. We remain committed to embedding Radical Reform and building a stigma- free, love-led care system for Wales. Organisational Overview Voices From Care Cymru {VFCC) continued its mission to support care experienced children and young people across Wales. Activities included advocacy, welLbeing support, and community events such as cooking sessions, beach parties. and the Sing Proud Choir. Key Highlights VFCC strengthened its policy influence, with some manifesto asks from the 2021 Senedd election incorporated into government progr8mmes. Expanded collaboration with organisations supporting kinship carers and deepened evidence- based advocacy. Plans include supportingyounger children (8-14), expanding peer support cafes, and refreshing the Five Nations P8rtnership. Financial Review For the year ended 31 March 2025the charity recorded: A deficit: £222,409 {2024: deficit of £80,296) TotaL Income: £870,055 (2024: £949.646) TotaL Expenditure: £1,092.464 {2024: £1.029.942) As at 31 March 2025 the charityfunds were; Net Assets: £510,229 (2024.. £732,638) Unrestricted Funds: £493,057 Restricted Funds: £17,172 81Page
Reserves & Designated Funds Trustees monitor progress towards achievingthe Strategic Plan and have reviewed the charity's needs for reseNes in line with guidance from the Charity Commission. Trustees have considered the resep4es required bythe charity in the event of 8 funding crisis and have set 8 target equal to four months, running costs. Reserves can be used to sustain essential operations in periods of financial diff iculty. and in exceptional circumstances, for other purposes agreed bytheTrustees. The organisation raises funds byvarious means and continues on a path of diversifying its income streams. TheTrustees maintain free reserves (i.e. reseNes drawn from fundswhich have no restrictions on their us8 Wlthin VFCC) at a leveLth8t is at least equivalent to four months, running costs. At the time of writing running costs are approxirnately £60,OOOlmonth. settingthe desired resanie leveL at £220,000. This Is in addition to any designated funds. GeneraL Reserves Target: £220.000 (4 months, running costs). Designated Funds: Business Development: £70,000 The business development expenditure reseroe is established because it is important that the charity maximises its income and reduces overall expenditure when possible. Therefore, developing new income streams, strengthening existing ones and improving eff iciency are priority. Project CLosure: £90,000 Growth of activity and hence income streams in particularfrom projects give cause for the trustees to considerthe costs associated with project closure and redundancy costs. This designatgd reserve has been established to ensure sufficient funds are available when projects come to an end", and if the organisation needs to relocate, andlor develop new offices. The trustees feels that a desired level of £90,000 is required. Property Fund: forfuture rental, office development, and dilapidation costs £50,000 To cover the costs of either (i) investment in a property of our own orlprovision in respect of future rental costs/ office development8nd (li) provision in respect of dilapidation (repairs required during orthe end of the tenancy).
Risk Management Major risks identified include loss of funding and reputation. Mitigation includes annual reviews, action plans, and dispute resolution frameworks. The trustees confirm that systems have been identified and established to mitigate the major risks, to which the charity is exposed. The trustees confirm that the major risks, to which the charity is exposed, as identified bythe Trustees, have been reviewed and systerns established to mitigate those risks. The main risks identified bythe trustees is loss of funding and reputation. Governance & Structure Followlngthe annual general meetlng, trustees are inducted during the course of a day's event during which their duties and responsibilities are explained. Member-trustees are encouraged to seek guidance from a professional trustee by whom they can also be mentored during the year ahead. Governed by 8 board of up to 10 trustees {4 member-nominated, 6 professional). Sub-committees for finance and HR. Trustees and key staff undergo enhanced DBS checks. Key management includes the Chief Executive. Programmes Dilector, and Policy Lead Manager. Investment powers Under the memorandum and articles association the Charity has the power to make any investment that the trustees see fit. No investments have been made yet Constitution Voices from Care Limiled is a registered charity govemed by its memorandum and articles of assoGiation. Charity number:1108430. Company number.3261608
Trustees, Responsibilities Company Law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or d8ficit for the financial year. In doing so the trustees are required to: select suitable accounting policies and then apply them consistenly; make sound judgments and estimates that are reasonable and pruden(. and prepare the financial statements on a going conrn basis unless it is inappropriate to presume that the company will continue in business Observe the methods and principles of the SORP The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonabte steps for the prevention and detection of fraud and other irregularities. In accordance with company law. as the charity trustees, we certfy that: so far as we are aware. there Is no relevant audit information of which the charity auditors are unaware,. and as the trustees of the charity, we have taken all th& steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors are aware of that infomation. Thls report has been prepared in accordance with The Statement of Recommended Practi., Accounting and Reporting by Charities (Issued in January 2019). STATEMENT TO AUDITORS So far as the directors are aware, there is no relevant audit information (as defined by the Charities Act 2011 > of which the charity's auditors are unaware and each Trustee has taken steps that he ought to have taken as a Trustee in order to make himself aware of any relevant audit information and to establish that the charity's auditors a aware of that information.
AUDITORS In accordance with the company articles. a resolution proposing that Hodge Bakshl will be reappointed as auditor of the company will be put to General Meeting The wasa ved by the Board of T ustees Mr. G Roddis Mr. J Champney-Smith Dated 28 October 2025 Dated 28 October 2025 121 P a (Fe
Independent auditorfs report to the trustees of Volces From Care Cymru Opinion We have audited the financial statements of VolS From Care Cymru ('the charitable company,) for the year ended 31 March 2025 which comprise Statement of Financial Activity, balance sheet, cash flow and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Iroland (United Kingdom Generalty Accepted Accounting Practi). In our opinion, the financial statements: 'give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming reSoUrS and application of resour$ for the yéar then ended; .have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and .have been prepared in accordance with the requirements of Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financia statements in th8 UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng coneern In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Independent audito8 rèport to the tntstees of Voices From Care Cymru other Infomiation The other information comprises the information included in the annual report. including the trustees, repo other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otheNise explicitly stated in our report we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informatKJn and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. VV8 have nothing to report in this regard. Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of thè company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees report. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. •adequate and proper accounting records have not be kept, or returns adequate for our audit have not been received from branches not visited by us; or .the financial statements are not in agreement with the aoUnting records and retums. or 4certain disclosures of trustees, remuneration specified by law are not made; or •we have not received all the information and explanations we require for our audit. Responsibilitles of trustees As explained more fully in the trustees, responsibilities statemen( the trustees (who are also the Trustees of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being sats'sfi'ed that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for ass&ssing the company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. I41Pae
Independent auditor's report to the trustees of Voices From Care Cymru Auditorfs responsibilit18s for the audlt of the financial statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether th8 financial ststements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will aWayS detect a material misststement when it exists. Extent to which the audit was considered capable of dotecting irregularltles, including fraud. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influen the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are Capab of detecting irregularities, including fraud is detsiled below= We obtain an understanding of the entity, its activities, its Control environment, by reading the Charity's policies and procedures and carrying out audit work to ensure that the scope of its authorisation and the effectiveness of its control environment are maintained, and likely future developments, including in relation to thè legal and regulatory framework applicable, which includes the Companies Act and Charity Act, and how the entity is complying with those frameworks. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit 6vidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to appllcable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations. Including fraud, we designed procedures which include.. 1. Assessing the extent of compliance with rules and regulations specifically in relation to Charities Act2011 and employment laws which are considered to have a direct material effecton the financial statements or the operab'ons of the Charity through enquiry of the trustees and senior management team and inspection of records including review of board minutes during and subsequent to the year ended 31 March 2025. 2. Reviewing financial ststement disclosure and verifying to supporting documentation, which included Trustee board minutes, to assess compliance with applicable laws and regulations. 151Page
Independent auditorfs report to the trustees of Voices From Care CYMTU 3. Performing audit work to mitigate risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness. evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitationsof an audit. there is a riskthatwewill notdetectall Irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instance of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional omissions. misrepresentations or the override of internal control. A further description of our responsibilities forthe audit of thefinancial statements is located on the Flnan¢ial Reporting Council's website at: Iw¥VW.frc.org.uklauditorsresponsibilities]. This description forms part of our auditor's report. Hodge Bakshi is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006, Use of our report This report is made solely to the charitable company's members, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report. or for the opinions we have formed. James Burnett ACA ACCA (Senior Statutory Auditorj For and on behalf of Hodge 88kshi Statutory Auditors Churchgate House 3 Church Road Whitchurch Cardiff CFq4 2DX z <¥ October 2025 161Page
VOICES FROM CARE CYMRU LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES ncludin income and ex enditure accoun FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Deslgnatèd Restrlcted Funds Funds Fund5 2025 2024 INCOME Donallons and Legacles 21.460 21,460 17,581 Charitable activities 125,413 722.233 847.646 931,108 Investments 949 949 977 Totsl income 147,822 722,233 870.055 949,646 EXPENDITURE Charitable adivities 106.423 986.041 1,092.464 1.029,942 Total axpendlture 106,423 986,041 1.092,464 1,029,942 Net {outgoingl lincome and net movement In funds for the year before transfers 41,399 (263,808) 1222,409) {80,296) Transfers between funds Nat movement In funds for the year 14 33.896 7,503 33,896 1229.912) 1222.409) <80,296) Reconciliatlon of fund8 Total funds brought forward 1 April 2024 275,554 210,000 247,084 732,638 812,934 Total funds carried fonNard 31 March 2025 283.057 210 000 17,172 510 229 732.638 An Income and expendilure account has not been produ as the Statement of Financial Activltles represents all the income & expenditure of the Charity. All income and expenditure derlve from continuing aclivities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 26. The notes form part of these financial statements. 17
voi ES FROM CARE CYMRU LIMIT D BY GUARANTEE Charlty number: 1108430 Company number: 03261608 BALANCE SHEET AS AT 31 MARCH 202S 2025 2024 Noles FIXED ASSETS: Tangible assets 10,483 19.460 CURRENT ASSETS: Debtors Cash at bank 12 88,377 619.323 707,700 154,853 640.546 795,399 CREDITORS: Amounts falling due within one year 13 207 954 NET CURRENT ASSETS: 499,746 713,178 TOTAL ASSETS LESS CURRENT LIABILITIES: 510,229 732,638 FUNDS: Unrestrlctsd funds- Unrestricted funds: Designated funds 283,057 210 000 275,554 210,000 15 493,057 485,554 Restricted funds NET ASSETS 14 17,172 510 229 247,084 732,638 The company Is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025, although an audit has be8n caffled out under section 144 of the Charities Act 2011. The directors acknowledge their respOnbilItieS for comptying with tt)8 requiremenl8 of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not requlred the npanY to obtain an audit of Its financial statements under the requlrements of the Companies Ad 20Cb, for the year in qu8Stion and accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financlal statements wère approved by the Board of October 2025 an gned on its b alf by.. luslees an auth rised for issue on 28 stee Mr J Champney-smith The notes fortn part of these finanLial statements. 18
VOICES FROM CARE CYMRU STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Charity number: 1108430 Company number: 3261608 2025 2024 Cash flows from operating activities Cash generated from operations {20,666) (25,999) Investing artivities Purchase of tsngible flxed assets Investment income received (1.506) 949 977 557 (21,223) 977 (25.022) Increase in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 640.546 665,568 Total cash and cash equivalents at the end of the yaar 619.323 640,546 Cash generated from operatlng activities 2025 2024 (Deficit) for the year {222.409) {80.296) Adjustments for.. Investment income rewgnised in statement of financial aclivities Depreciation of fixed assets Movements in working capital Decrease l (Increase) in debtors (Decrease) I Increase in creditors (Decrease) I Increase in deferred income (949) 10.483 (977) 6.487 66.476 48.372 77.361 33,115 1,304 14,368 Net cash used In operatlng aclivitles 25,999 19
VOICES FROM CARE CYMRU LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES Charity infomiation Vol$ From Care Cymru is a private company limited by guarantee incorporated in England and Wales. The reglstered office is 45, The Parade, Roath, Cardlff. CF24 3AB. 1.1 Accounting convention The financial statements have been prepared in accordance with the charitys Memorandum and Articles of Association. the Companies Act 2006. the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepar(ng their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 20191. The charity is a Publi¢ Benefit Entity as defined by FRS 102. The financyal statements have been prepared under the historical Cost convention. The principal accounting policies adopted are set out below. The accounting policies have been applied consistently throughout the year and In the preceding year. The presentation currency of the financial statements is the Pound Sterfing (£) 1.2 Golng Concern These accounts have been prepared on a going concem basis whlch assumes that the charity will continue in operational existence for the fore8eeabl8 future. The trustees have prepared forecasts for tha next Iwo years. The trustees believe that these forecasts are based on realistic income assumptions and are confident that the charity will continue to be able to meet ils liabilities as they fall due. The charity has considered the impact of not rec£iving the same level of fundlng as in the past and has factored these assumptions into its cash flow forecasts and believe the charity will be able to continue In operation for the foreseeable future, albeit in a significantly reduced manner. At the time of approving the financial slalements. the trustees have a reasonable expectation that the Charity will have adequate resources to continue in operatioftal existence for the foreseeable future. The trustees have reviewed the reserves policy which supports the long-tem) businass plan of the Charity. The trustees continue to adopt the going concem basis in prèparing the financial statements. 20
VOICES FROM CARE YMRU LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MA CH 2025 1.3 Slgnificant Judgements and Estimates In the application of the charitys accountlng policies, which are described in note 1, management is required to make judgements. estimates and assumptions about the carrying values of assets and liabilities that are not readity apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Impairment of debtors. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revlsed if the revision affects only that perlod, or in the period of the revision and future periods if the revision affects both current and future perlods. Impalment of debtors The charlty makes an estimate of the recoverable value of trade and other debtors. When assessing impaimient of debtors, the Trustees considers factors including the current credlt rating of the debtor, ageing profile of the debtor as well as historical experience. 1.4 Incoming resources Income is recognised Mthen the charity has entitlement to the bjnds. any PerfOnnan conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount Can bè measured reliabty. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds. any performan¢8 conditions attached to the grants hav8 been met. it is probable that the income will be recelved and the amount can be measured reliably and is not deferred, Donations are recognised there there is entitlement, certalnty of recelpt and the amount Can be measured with sufficient rellability. 21
VOICES FROM CARE CYMRU LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE Y R ENDED 31 MARCH 2025 Incomlng resources (Continued) 1.5 Donated services and facillties Donated professional seNices and donated facilities are recognlsed as income when the charity has control over the item, any condtlions associated with thè donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliabty. In accordance with the Charities SORP (FRS 102). the general volunteer Ilme of the Frlends is not recognised and refer to the truste&s' annual report for more information aboui their contribution. On receipt, donated professiona Services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market., a correspondlng amounl is then recogni5ed in expenditure in the period of reIpl. 1.6 Resources expended Expenditure is recognised once there is a legal or constructive obligation to make a payment to a thlrd paty, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Charitable expenditu Comprises those costs Incurred by the charity in the delivery of its aciivities and servlcas for its beneficiaries. It includes both costs that can be allocated directly to such activltles and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting constitulional and statutory requirements of the charity and Include Ihe audit fee and costs linked lo the strategic management of the charity. Support costs include central functions and have been allocated to xtivity costs category on a basis consistent with the use of resources. The bases on which support cosls have been allocated are set out in the notes All cosls all allocated beeen expenditure categories on a basis designated to reflect the use of the resour. Costs latIng to a particular aclivity are allocated directly: others are apportioned on an appropriate basis. Expenditure Is reported gross due to the charity not being VAT registsred. 22
VOICES FROM CARE CYMRU LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEM NTS FOR THE YEAR NDED 31 MARCH 2025 1.7 Fund accounting General funds are unrestricted funds which are available for use at the discretion of Ihe Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds thal are to be used In accordance wth speciftG restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the Slfie fund. The aim and use of each restricted fund is sel out in note 14 of th8 financial statements. Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund are set out in note 15 of the financial statements. 1.8 Tangible fixed assets Tangible fixed assets held for Ihe charivs own use are stated at Cost less acMUlated deprecialion and accumulated impaiment losses. Depreciation is provided at the foll¢)wing annual rates calculated to write off the cost of fixed assets. less their estimated residual value, over their expecied useful lives: Fixtures and Fittlng8 Computer equlpment 25¢A on reduang balance 33% on cost At each balance sheet date, the charity revie•VS the carrying amount of its tanglble fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such Indication exists. the recoverable amount of an asset is estimated in order to determlne the extent of the impairment loss, if any. Where It is not posslble to estimate the recoverable amount of the asset, the Charity estimates the reGoverable amount of the cash-generating unit lo vthich the asset belongs. 1.9 Taxatlon As a charity, Voices From Care Cymru is exempt from tax on income and gains falling within section 478 of the Taxes Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that Ihese are applied lo its charitable objects only. No tax charges have arisen in Ihe charity. 23
VOICES FROM CARE CYMRU LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR E YEAR NDED 31 MARCH 2025 1.10 Pensions Th8 charity Operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separatety from those of the charity in an independently administered fund. Payments to defined contribution retirement schemes are charged as an expense as they fall due. The penslon contribution of the charity is at 8%. The charge to income or expenditure in respect of th8 defined contribution pension scheme was £34,195 (2024.. £25,458). 1.11 Cash and Cash equivalents Cash and cash equivalents are basic financial Instruments and include Cash in hand and bank accounts. 1.12 Flnancial instruments The ¢harity has elected to apply the provisions of Section 11 'Ba8ic Financial Insiruments" Financial Instruments are recognised when the charity becomes paty to the Contractual provisions of the instrument. Financial assets are liabilities are offset, wth the net amounts presented in the financial statements. when ther& is a legally enforceable right to set off the recognised amounts and there is an intentlon to sett]e on a net basis or to realise the asset and setue the Ilability simultsneously. 1.13 Basic financial assets Basic financial assets, which include prepaymènts. other debtor8, and cash and bank balance$, are initially measured at transaction price Including transaciion costs and are subsèquently carried at amortised cost using the effeclive interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest. 1.14 Basic financial liabilities Basic financial liabilities, including trade and other creditors. are Initlally recognlsed at transactlon price unless the arrangement constitutes a financial transaction, where the debt instrument is messured at the present value of the future payments dlscounted at a market rate of interest. Debt instruments are subsequenlly carried at amortised cost. using the effective Interest rate method. Trade credltors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts classified as Current Ilabilities if payment is due within one year or loss. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised Gost using the effective interest method. 1.15 Investment income Investment income is Induded when receivable. 1.16 Oporating leasa commitments Rentals paid under operating leases are d)arged to the Income & expenditure account in equal amounts over the periods of the leases. 1.17 Glfts in Kind Gifts in kind are valued at the invoice value for the Servi received. 24
ICES FROM CARE CYMRU LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.18 Transfer Between Funds Whilst the charity seeks to obtain sufficient funds to ensure each project 15 self-sustsining this is not ahmays possible and a portion of the core funds have to be applied to ensure that the projects can continue. The application of core funds to support the projects 15 reflected by the transfers from unrestricted to restricted funds. Funds transfers also relate to projects that have ended and the charity has no expectatlon that the grants should be repaid to the funders. 1.19 Volunteers The value of the seNices provided by volunteers is not incorporated into these financial Further details of their contribution is provided in note 2 to these financial statements and In the trustees, report. 1.20 Impairment Assets not measured at fair value are vieWed for any indication that the asset may be impaired at each balance sheet date. If such indication exists. the recoverable amount of the asset, or the assets cash generating un6t, is estimated and compared to the carrylng amount. Where the carrying amount exceeds its recoverable amount. an irnpairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. 1.21 Government grants Government grants are recognised at the fair value of the asset received or recelvable when there is a reasonable assurance that the grant conditions will be met and the grants wlll be received. Income from government grants comprises performance related grants made by Welsh Government to fund the advancement of the spiritual, educational and physical welfare of young people in Wales. See note 3 for more infomation and to the amount and source of these grants. A grant that specifies performance conditions are recognised as income when the performance conditions are met. Where a grant does not specify perfomance conditlons it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised with deferred income. 1.22 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNi¢es are received. Termination benefits are reCgnISed immediately as an expense when the charity is demonstrably committed to temiinate the employment of an emoyee or to provide termination benefits. 2 INCOMING RESOURCES FROM GENERATED FUNDS acies Unrestricted Restricted funds funds Don tions and I Total 2024 Donations and gifts 21,460 21,460 17.561 The charity benefits greatly from the involvement and enthusiastic support of ils many volunteers, details of which are given in our annual report. In a¢¢ordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the 25
VOICES FROM CA E CYMRU LIMITED Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS OR THE YEAR END D 31 MARCH 2025 3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 2025 2024 Advice, Support, PartiGipation & Collaborati¢)n Central Administration Grants -Restrlcted Grants -unrestricted - The Esme Fairbairn Foundation 13.630 31.783 722,233 80.000 41,866 47.164 842,078 Total income from chariiable activities 847.646 931.108 Analysed by fund Unrestricted funds Restricted funds 125,413 722,233 847,646 89,030 842.078 931,108 Grants S.S.S.G (Welsh Govemment) National Summit Follow up Activity Grant (Welsh Govemment) Child Poverty Inovation and Supporting Communities Grant Educ211on Granl (Welsh Govemmenl) Homelessness Prevention (Welsh Govemment) The Henry Smith Charity BBC Children in Need- Million And Me Grant British & Foreign School Society (BFSS) Charles Hayward Foundation Grant National Lottery Community FUFKI National Lottery Shine thal Light Again 5NIV Funding from Paul Hamlyn Foundation 265,(KJO 28,000 35,217 4.830 131,016 19,150 122,C 14,334 25.000 14,368 S4,568 8,750 722,233 324.000 181,922 55,450 112,000 28,905 131,051 8,750 842,078 4 Investments Unrestricted funds 2025 Unrestri¢ted funds 2024 Interest receivable 949 977 26
OICES IMITE NOTES FORT CARE CY ARANTE THE FINANCI YEAR ENDED L STATENIENTS 1 MARCH 2025 6 ANALYSIS OF CHARITABLE ACTIVITIES Research Canvas YP Encourage. Ralse Support & Participatlo Develop- nlProfile ment Advocacy Provldel Asslsling Oppor- tunltiès Total 2024 staff costs Depreclalion and impairment Travel Voluntsèr expenses Consultancy Payroll and penslon preparation Occupancy HR, Legal and professlonal Officè running costs Communlcalion and facllllation 3ank d)arges Grant Partner Payment Tralnlng and m88llng costs 21,708 338 804 373 920 156 1.437 467 62.520 1.384 3.295 1,528 3,771 232 5,892 1,915 2,960 4,065 42 8,273 19,684 52.968 2.115 5.036 2.336 134.591 2,970 7.072 3.280 8.094 770 12,646 4,110 6.353 8.725 141 17.758 41.925 66,861 1.913 4.554 2.112 5.212 156 8.144 2.646 4.091 S,618 95,516 434.184 2,308 11,026 5,491 26.251 2,547 12,176 6.285 30,047 153 1,546 9.820 46,945 3.191 15,256 4.933 23,582 6,775 32,388 321 13,789 65,918 24,280 148.390 458.838 6.487 19.163 9.321 18,626 1,536 30,864 8,704 14,516 41,473 563 68,203 112,065 79 2,927 4,524 6.213 10 12,845 30,415 991 2.018 4,685 11,435 27,402 34.644 115.560 134,038 248,434 140.169 175,165 848,010 790,359 Share of support eosts (see note 71 Share of governance costs {$ee note 71 17,322 28,890 33,509 74.530 35.042 43,790 233,084 230,733 348 52.314 1,427 145.877 2.378 11,370 8,850 221,333 1092 464 1029 942 169,728 326,027 177,184 Analysed by fund Unr931ri¢ted funds Re¥tricted funds 5.321 49.302 15,325 141990 157.315 12.983 120 297 32.931 305.673 338,664 16.389 151.850 168.239 23,414 106,423 129,883 216 929 986 041 900,059 240,343 1092,464 1029.942 7 SUPPORT COSTS Support Gov8mancè Costs costs 2025 2024 staff costs Occupancy costs HR Costs Office funnlng costs Payroll Audit fees- non audlt Audll fee$ 177,899 30,044 8.848 14.856 1.437 177,899 30.044 8,848 14.856 1,437 2,400 8,970 11,370 244 454 195,139 19.948 5,032 9,193 1,421 2,400 8.850 239 583 233,084 Governance wsts Includes payments to the audiiots of £11.370 {2025: £8,970 far audit fres and £2.400 for acUntanCY fees>. 27
VOICES ROM CARE CYMRU IMITED BY GUARANTEE TES TO THE FINANCIAL STATEMENTS THE YEAR ENDED 31 MARCH 2025 FO 8 TRUSTEES The trustees of the charity were not pald or received any other benefits from employment with the charity. One trustee was reimbursed £63 expenses during the year (2024: £50). One charity trustee received payment of £250 for professional or other services supplied to the charity (2024.. £nil). 9 EMPLOYEES The average number of employees analysed by function was: 2025 Numbar 16 2024 Number Dlrect charitable expenditure Management and administration Total 16 21 21 EMPLOYMENT COSTS 2025 2024 Wages & Salaries Soclal Security Costs Pensions Costs 568,806 48,245 34,195 651,246 593,483 40,971 25,458 659,912 The number of employees vthose annual remuneratlon was more than £60.000'. 2025 Number 2024 Number £80.000-£89,999 Kgy management personnel The gross benefits received by key management personnel of the charity were £256.844 (2024,. £254,148). 10 NET OUTGOING RESOURCES FOR THE FINANCIAL YEAR The operating deficit {2024 . deficil) is stated after charging: 2025 2024 Depreciation of owned assets Rent Auditors remuneration AGcountancy and taxation advice 10,483 28,944 8,970 2,400 6.487 28.944 7,000 1.850 28
VOICES FROM CARE CYMRU LIMITED BY GUARANTEE NOTES O THE FINANCIAL STATEMENTS FOR THE YEAR NDED 31 PJIARCH 2025 11 TANGIBLE FIXED ASSETS Fixtures & Fittin Computer Equi rnent Total COST: At 1 April 2024 Additions At 31 March 2025 16,370 88,192 1,506 89,698 104,562 1,506 106,068 DEPRECIATION.. At 1 April 2024 Charge for year At 31 March 2025 16,370 68,732 10,483 78,615 16,370 NET BOOK VALUE: At 31 March 2025 At 31 March 2024 10,483 19,460 10.483 25.947 12 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Debtors Prepayments and accrued income 2025 2024 2,500 85.877 88,377 4,940 149.913 154,853 13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors Deferred Income Accruals 2025 2024 106,985 77,361 23,608 207,954 59,603 14.368 8.250 82,221 2025 2024 Deferred income Balance brought forward Income received in the y8ar Released to income Balance carried foMiard 14,367 77,361 14.367 77,361 14,368 14,368 Income Is recognised when the charity has met the conditions of the grant. Until those nditionS are met income is deferred. 29
oic CARE IMITED UA NO THE FINANCI FOR THE YEAR ENDE MR TS RCH 2025 14 RESTRICTED FUNOS The in¢x)m8 funds ofthe charity Indude restricted fwds comwl the fthrvj unexPend l)n¢es of (k)nations and grant$ held on twst for specific purposes.. Th& Income fvnds oflhecharity Ind Balance 1.4.24 Income Expenses Fund¥ 8alance Transfer 31.3. S.S.S.G Iwelsh Govemmenl) N8tk)nal Summlt Follow vp Acbvity Gr#nt elsh Govemrnernll Child Povety Innovation and Supwtlng Comrnunltles Gront (Welsh Government) 2.624 285,0 289,813 22.189 28,Qts) 28.(W)O 3S,217 35.217 Educthon Grant IWe18h Govemmerrtl 4,830 4.830 Hom¢l¢ssnos6 PVentIOn (WeL8h Governmenl) 54,408 131,016 18S.424 Thè Henry Snthh Charfty 42.749 19,150 51.742 10,157 88C Chlldrartr In Need- Milllon And Me Gr¥nl 12.1751 122,C(Kl 118.OSO 1.77S Brltish & ForevJn School So¢lèty IBFSSI 8,928 14,334 38.1S3 14.891 Ch8rfes Hayward Foundatlon Grant N?Ilon•l Lottery. Community Fund Nèllonal Lottery- Shin¢ Ihot Light Agn National Lotlery- PROVO 2S.OQ) 25.oc 102.434 54.S68 49.328 14.368 14,368 1,891 3.280 21,011 17.500 247.084 722 233 986 041 10S.818 (3.1841 5.240 1.891 CA IRFWI CA (TSRFI 6NIV Fundlng from Paul Harnlyn Foundation 21.011 The fijnds transfer relale to proJod¥ Ihal have •wJed and the charfty has nryèxpe¢tation that lh• wants sttcJk4 t• repaid to the Tho Tw8lees conskler that they have fdbwed tht SORP gu1¢$ lo en8 the to ljo translerrod. &SS.G (W•lsh Gov•mm•ftt) . to defvw 8 nufflhrof outc•mes lo ow¥Ilbe9 ond IThformaC Ser¢¢$ to $upF¢rt th¢)se aspects ofouf infivtrndng pr¢gr¥mmè that support W•lsh Gov•rrint prkrfliB. Natlonal Summit Follow up Actfvlty Gmnl (We18h Gov¢rnffnt): Thlg owlw86 byW•tsh Govemmentlo enablgVFCC to k wlth a wder ran9& ofyoung peopte to tlk)w up on the issues rnlsed Sumrnit beb%Een c8rn ew"8neod young p8ople and Welsh Minlsters In March 2024 and to prepare for the new Surnmil Vann¢d l¢y May 202S. It was used to fund a series of regknal rkshr and the Irma of 8 8pedallst conBult¥nl wtr tfwghl In to Inu•w IPlty of the InlknrKing team. Chlld Poverty Innovatlon and Supportlng Cornrnunlttes Grant IWel$h Govomfflent>: Io u¥ vAh OLK partners Child In Wales to develop a suite of resources io help wofessK)D81s SUPPDrt caro expertenc&J youThJ peo8 in rnana9ing their fmane sUSSI(W, and to devebp a trauma hf¢rmed IwainirKJ package for k¥ofessk>n tQ SUPFrfXt Ihern in u9kng these Te5Mce& EfluGatlon GrAnt Iwolsh Government) . lo enable 8 ¢ua1)0n with cafe eypwienced a¢c(pani8d atyum $88kor5 ab(4Jt Ihdr exparfences of the education system In Wat¢$ ond they needed from tho Systth. The evJeO they wovtthd has helppd shaped new government guidaTTh to Local Avll)rittes. Hom•l05sness Proventlon iwolsh Govemmenti: to suppjrt the G8tbfi9 Ready Proixtvkn¢th Pry 0¢ •xpw8rtl yc4mg pP)e for independent living. Th¢ Hpnry Smith Foundatlon: to fund our Ca eX[erRed pw swrt gr¢ws. 8BC Children Sn Need.. to support work io cwte natkjnal rnNr$ti the needs ofe8re experfeTrxl chthjren and yo9 pa0& ICYP) and In particular Ih05e in th8 8- 13 ag6 group. Brltlsh & ForelgTr School So¢i¢ty IBFSSI.. tQ SW(Kt carefs. Charles Hayward Foundation Grant: to de¥ekJp our pro9ramff* supp(yim9 cwe experiCed kn Ihe ryw1n81 lusllr system.
VOICES FROM CARE CYMR LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE EAR ENDED 31 MARCH 2025 Restrlcted funds (Contlnued) National Lottery Communlty Fund . to create a national mental health and well-belng service for care experienced young people. Natlonal Lottery - Shlne that Llght Again This major grant from the National Lottery is enabling us to continue and further develop our wellbeing programme whh provides trauma informed person- centred support lo individual care experienced people to help them addsS issues effecting their lives and thrlve. Natlonal Lottery - PROUD . This grant from the Natlonal Lottery Awards for All programme enabled us to fund our annual celebration of the care experienced communty. This year saw over 100 care experlenced young people coming together to take part in workshops and fun activlties, wlth 15 partner organisalions also attending to promote their SeNIS and activities to young people. WVCA IRFW) . The project wS115UPPOrt volunteers from Ihe care experienced communlty. WVCA ITSRF) . The project wlll provide volunleers to support the vlIbeing of future generations. SNIV Fundlng from Paul Hamlyn Foundation -. supports the CEO project meetlng costs. and to support the work of the Five Nations Once Volce Coalltlon. tt)rough which we co-operate with similar charities that support the care experienced ¢ommunlty in Scotland, the Republlc of Ireland, Northem Ireland and England. 15 DESIGNATED FUNDS The Trustees have dèsignated the folloWg designated funds to enable the charty to continue to dellver enh8nc8d servlces for.. 2024 wovhjed kn 2025 Purpose of deslgnated fund Business Development fund Projecl closure Bultdlng 70.OCiI 90,000 50.0 210000 70.IxIO 90,000 210000 Buslness Development fund The business development expendtture reserve is established because it is important that the charlty maximises its income and reduces overall expendtture when possible. Therefore. developing n Income streams, strengthening existing ones and improving efficiency are a prforlty. The required level of £70,000 is set aside. Project closure Growth of aclivity and hence income streams In partrcular from projects gives cause for the trustees to consider the costs associated with project closure and redundancy cosls. This designated reserve has been established to ensure sufficient fvnds are available when projects come to an end,- and if the organlsation needs to relocate, andlor d8V8lop new offices. The iruslees feel that a desired level of £g0.000 is required. 31
ICES FROM CARE CYMRU LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATE ENTS FOR THE YEAR ENDED 31 MARCH 2025 DESIGNATED FUNDS (CONTINUED) Property fund To cover Ihe costs of either {1) investrnent in a property of our ¢)wn orlprovision In respect of future rental costsloffice development and (11) provi51on in respect of dilapidalion (repairs required durin9 or the end of the tenancy). The timescale associated with this reseNe will vary depending upon project delivery. These d8signation reflects the intentions as to the fvture application of funds as at the balancè she8t date and do not reflect an extemal transaGtion or present obligation to a third party. 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestslded Oe51gnd Re¥lj Fund8 Fw)¢Ss Total Unre5trfcted CshJnated Restricted Tot¥1 2024 2024 2024 2024 Tangible fixed assets 10.483 10.483 19,460 19,460 Nel current a$set8 Tolal nel ass&ts 272,574 283.057 210,OCQ 210,000 17,172 17.172 499,746 510.229 2S6,094 275,554 210.0 210.0 247.084 247,084 713,178 732,638 17 LIABILITY OF MEMBERS The charity is Ilmited by guarantee, not having a share opita, the word Ilmlted being omitted from its name pursuant to a licence from the Department of Trade. Each member of the Company is liable to maximum of £1 in the event of the winding up of the Charity and is not entitled to any share in the assets of the Company, 18 OPERATING LEASE COMMITMENTS At 31st March 2025, the charity had total commitments under non- cancellable op8rating leases over the remaining life of Ihose leases of £69,648 {2024: £102,888). 19 RELATED PARTY TRANSACTIONS The charity and Children In Wales - Plant Yng Nghymru have common trustees. During the year the charity paid £65,918 (2024- £46.928) to Children In Wales- Plantyng Nghymru relating to membership, training and reimbursement for the"Getting Ready Proiecy,, £14.643 was outstanding at the year end (2024: £14,079). There were no other related party transactions to disclose. 32