SWANSEA CARERS, CENTRE (A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER 1108865 COMPANY REGISTRATION NUMBER 05352055 WILLIS JONES CHARTERED CERTIFIED ACCOUNTANTS SWANSEA
SWANSEA CARERS, CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Directors, Report (Incorporating Trustees Annual Report) 1 Report of the Auditors 10 statement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flows 15 Notes to the Financial Statements 16
SWANSEA CARERS. CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) status: Company limited by guarantee Principal Address: Ty Findlay Prince of Wales Road Swansea SA12EX Bankers: Lloyds Bank PIC Santander 802 Oxford Street 1 Union Street Swansea Swansea SA13AF SA1 3EE Unity Trust Bank Four Brindleyplace Birmingham B12JB Bank of Scotland 600 Gorgie Road Edinburgh EH11 3XP Virgin Money Jubilee House Gosforth Newcastle Upon Tyne NE3 4PL Auditors: Jowills Limited 64 Walter Road Swansea SA14PT Solicitors: Hughes Griffiths Partnership Solicitors 150 St. Helens Road Swansea SA14DF Trustees: Dave Burgess Sue Davies Byron Fussell Gill Stephens Sonia Thomas Bryn Williams Jane Davidson Kathryn Price Frank Ramsey Jeffrey Pullman th Appointed 17 October 2024 Company Secretary: Ifor Glyn Jones The directors have pleasure in presenting their report and financial statements for the year ended 31 March 2025. Principal Activities The principal activity throughout the year was to provide assistance to carers across the City & County of Swansea.
SWANSEA CARERS, CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) (CONT.) Charitable Status The company is a registered charity with the charity number 1108865 and is a company limited by guarantee. Directors The directors who served the company during the year were as follows: Dave Burgess Sue Davies Byron Fussell Gill Stephens Sonia Thomas Bryn Williams Jane Davidson Kathryn Price Frank Ramsey Jeffrey Pullman Appointed 17 October 2024
SWANSEA CARERS, CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) {CONT.) Introduction l am very pleased to introduce the Annual Report for 202412025. l am approaching the end of my third year as Chair of the board of trustees, and it has been a privilege to serve in this post. Reflecting on the past twelve months, it is clear our achievements reach beyond statistics, they are reflected in the real-life impact on individuals and families across Swansea. Each initiative, large or small, has been guided by a shared desire to empower carers and ensure their voices are heard. Our strength lies in the common purpose uniting our diverse team and our drive to create meaningful change. I would like to begin by offering my thanks to the CEO, our senior management team, all the staff and volunteers including my fellow trustees. They have shown such dedication to Swansea Carers Centre. Theircommitment has supported one anotherthrough the cost-of-living crisis and facilitated the ongoing development of our organisation. Our resilience and adaptability have been evident in every project and initiative. We have navigated uncertainty with a common vision. ensuring progress in our drive to ensure carers in Swansea receive the support and recognition they deserve. None of our achievements would be possible without the generosity of our funders and supporters. We extend thanks to our funders for their continued support, which enables us to reach more diverse groups of carers in challenging times. Jane Davidson - Chair Board of Trustees Key Achievements 2024- 2025 522 £3,357.331.82 claimed bywplfr6re btnefli team ¢n b•haff ofcaror4 Cafers 8265 £OUDy1iing rfellvetfjtl Carer&iFWI CAants 36.144 Fuel Pwwty 37 membets of sioff 1700v•yrth ¢1 1160 1034 ear•rs pwrLeol I Ihe OmentwTeam Daycenve Service EXP•nOn •T5 ThisipaF.our rjay ¢enire intr¢duced a fee-paying 5ÈivitÈ lo complement the ècesfunded by Ihe local authoriry. Thls iDiiIa¢iÈNaIÈd us to exiend our support to 17lQTe famille5 in need of re5Pitecère. lo ltorn%tkntCka I_Ii•T4-. ¢•(4rl UpAaby14 H•lplThyW0Y' A tolol of 62 famil105 bfrn8liitod IToni thè sèrvlcè, gainlng p•ace ol mlnd kngwln9 Ihoir loved Ones w¢¢e ¢ar•d lor in a %Yoim. w?Icorning. ond hom&-lik& •Thvlronfflenl. 629 Ware benellt lorm5comple .122 yJun9 athJl1 N•w Inlllalive The Cqr•fS Hw6' wu Irthtrodv¢•d irb Avgust 24. • Htyrd4htp t95.7¥0 d1btnb•0 241 corels ac¢a55ed the'Hwb' iin thè post 7 month5 Wlth 665 ¢oThtocls made with caror5.
SWANSEA CARERS, CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) (CONT.) Making a positive change to the lives of carers is the mission statement of Swansea Carers Centre, and for the past 20 years we have strived to ensure that this is firmly at our core. We make every effort to ensure that all the services and interventions are identified by carers and ones which would support them in their caring role. We have good communication with the carers we engage with and are grateful to them for their support in developing our services during the past year. Carer Challenges The pressures and demands on carers today are enormous and without unpaid carers our NHS and Social Servicers would be struggling even more than they are. Swansea Carers Centre firmly believes that no single agency can meet all the needs of carers and only through collaboration can we provide support for carers. We work with all the agencies that support carers in Swansea. and it is a way of working which we fully embrace and are committed to. We continuously strive to find improved ways to assess outcomes for carers and social impacts. Unpaid carers face a complex mix of emotional, financial, and practical challenges that can significantly impact their wellbeing and quality of life. Mental and Physical Health Strain Financial Hardship Social Isolation and Loneliness Inadequate Support Service (Nearly three-quarters of carers have unmet support needs. (Carers Wales) Disruption to Education and Employment Lack of Recognition and Equality (Carers frequently report feeling undenialued and invisible in policy and workplace settings) (Carers Wales) Welsh Context The work of Swansea Carers Centre supports and embraces the priorities of the Welsh Carers Strategy, and West Glamorgan Partnership strategy which underpins the work of the organization Identifying and valuing unpaid carers Providing information, advice and assistance Supporting life alongside caring Supporting carers in education and the workplace.
SWANSEA CARERS, CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) (CONT.) Achievements New accommodation - During the year, we moved to new premises, which is bigger, have more scope for development, and are fully accessible for those with a disability. The new building is in the city centre and accessible by public transport and has a private car park. The centre was officially opened by Dawn Bowden, SM Minister for Children and Social Services and with responsibility for carers. Feedback from carers, staff and partners has been very positive. Successful in securing a tender with Swansea Council to deliver seniices for carers in Swansea. The tender has led to the establishment of Swansea Carers Hwb, which is a single point of access to a wide range of seNices from Swansea Carers Centre or one of our many partners. Carers can attend and have their needs identified, followed by a personalized support plan. Developed memorandum of understanding with two of our key partners - Neath and Port Talbot Carers and Swansea Dementia Hwb {{ Number of individual carers engaged increased by 13 % Number of carers contact increased of 7 % Number of carers attending activitieslevents increased by- 29 % Continued to develop respite opportunities for carers at our day centre, Ty Conway Increase in the number of individuals from ethnic backgrounds, and male cares Grants to support carers to have short breaks, respite and distribution of hardship grants. Total number of grants 664, and number of hotels and days out funded 665 Awarded Carers Trust Excellence for Carers Award. (The first agency to achieve this award in Wales) Also achieved Investors in Volunteers award and Charity Excellence. We have secured the highest number of paid staff that we have ever had, with diversity in staff and volunteers in ethnicity, ages, gender, sexuality, carers, ex carers Been successful in securing new funding to maintain services and develop new services
SWANSEA CARERS, CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) (CONT.) Thank You - Diolch For me personally, every AGM is an opportunity to reflect on the past twelve months, on successes and challenges - and there have been some of both. However, the AGM is also an opportunity to publicly thank all those who support the work of the Swansea Carers Centre in any way. SCC Team - l am lucky to work alongside a team who is totally committed to improving things for unpaid carers and will always go "that extra mile" We have a diverse team in all aspects but one thing that we have in common is an understanding of challenges faced by carers and wanting to help improve their situation. There have been numerous changes in the past few years, and l am very grateful for their support and willing to embrace change. Volunteers - As an organization, we have over 40 volunteers. l am lucky to have gotten to know many of our volunteers and every day l am impressed by their contribution and support in delivering our seDiices. You are the best. and we all appreciate your support! Trustees - l am not sure if everybody knows the extent of the contribution made by our great board of trustees, or even more so, the amount of time the trustees invest in the organization. We are extremeSy.lucky for the expertise ap.d total commitment of all our trustees - many who have been with us for up to 15 years. Their work is invaluable in guiding and developing our services - and their support to us as staff. My debt to the trustees is great. Partners - As mentioned di the beginning of this report, we are totally committed to working with others to support carers iii Swansea. seices are stronger and more effective when we work togelher, and we app."epiate working with organizations who share our values and beliefs. Funders - No third sector organization like Swansea Carers Centre would be able to offer the support and services that we do. without financial support from a host of backers. I would like to say a huge appreciation to all statutory bodies, charities and trusts and individuals who have supported us in the last year. the Welsh Government, local authority, local partnerships, charities and trusts and individu<ils. of which are listed below. Carers Trust Garfield Weston Foundation Henry Smith Millenium Stadium Charitable Trust Moondance Foundation National Lottery Community Fund Open University Simon Gibson Charitable Trust Swansea Council UK SPtr Waterloo Foundation lest Glamorgan Regional Partnership WW Utilities
SWANSEA CARERS, CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) (CONT.) Carers - Last but not least, I would like to thank all our carers for putting their trust in the Swansea Carers Centre and hope that we continue working together to recognize the invaluable work that you do and improve your lives. Ifor Glyn, Chief Executive Officer Financial Information Incoming resources during tlie year amounted to £1,133,369 with resources expended amounting to £1,168,039, giving a net expenditure over income of £34.670. At the year-end unrestricted funds total £530,321 and restricted funds total £273,620. The Board of Trustees regularly review the reserves policy of the charity and have agreed that the unrestricted reserves balance of £530.321 at 31.3.25 be held as readily realisable contingency reserves, in the event of loss of income to support ongoing service delivery and meet any potential liabilities arising.
SWANSEA CARERS, CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) (CONT.) Trustees Responsibilites Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resources and application of resources in the year. In preparing the statement, the trustees are required to.. Select suitable accounting policies and apply them consistently Make judgments and estimates that are reasonable and prudent state whether applicable accounting standards and statements disclosed and explained in the slatement of accounts Prepare the accounts on a going concern basis unless it is inappropriate to presume that the Charity will not continue its operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity at that time and to enable the Trustees to ensure that any statement of account prepared by them complies with the regulations under sections 130 to 132 of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In the case of each of the persons who are directors at the time when the directors report is approved So far as the Directors are aware, there is no reSevant audit information (information needed by the company's auditors in connection with preparing their report) of which the company's auditors are unaware. and Each Director has taken all the steps that he Ishe ought to have taken as a director in order to make him I herself aware of any relevant audit information and to establish that the company's auditors are aware of that information. Amounts are presented within items in the statement of financial activities and balance sheet., the directors have had regard to the substance of the reported transaction or arrangement, in accordan with generally accepted accounting principles or practi. The Board of Trustees are satisfied with the performance of the Charity during the year and consider the state of the organisation's affairs to be satisfactory for the foreseeable future. The Board of Trustees have given consideration to major risks to which the Charity is exposed, and the Charity's procedures designed to manage these risks. Internal financial risks are reduced by the implementation of procedure that aim to ensure that all transactions are duly authorised. Such procedures are regularly reviewed to ensure they are still relevant.
SWANSEA CARERS. CENTRE EXECUTIVE DIRECTORS, REPORT (INCORPORATING TRUSTEES, ANNUAL REPORT) (CONT.) Statement of Disclosure of information to Auditors In the case of each director in office at the date of the Director's report being approved So far as the director is aware, there is no relevant audit information of which the company's auditors are unaware", and They have taken all the steps that they ought to have taken on as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that iiiformation. Jowills Limited have indicated their willingness to continue in office audit in accordance with the provisions of Companies Act that they be re-appointed for 2025126. Approved by the Directors and Trustees on and signed on their behalf by Robert Bryn Williams (Treasurer)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SWANSEA CARERS, CENTRE Opinion We have audited the financial statements on pages 12 to 21 of Swansea Carers, Centre for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and with the Charities Act 2011. Opinion on Financial Statements 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 resources and application of resoJi rces. including income and expenditure profit for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the directors 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 relation to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements ale authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. 10
INDEPENDENT AUDITORS, REPORT TO THE SHAREHOLDERS OF SWANSEA CARERS, CENTRE {CONT.) Other Information The trustees are responsible for the other information. The other information comprises the information included in the annual report. other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheMise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have preformed, we conclude that there is a material misstatement of this other information. we are reqiiired to report that fact. We have nothing to report in this regard. Opinion on Other Matters Prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Directors, Report (incorporating the Trustee's Report) for the financial year for which the financial statements are prepared is consistent with the financial statements., and the report of the Directors, (incorporating the Trustee's Report) has been prepared in the Directors, Report (incorporating the Trustee's Report) accordance with applicable legal requirements. Matters on which we are required to report by exception In the light and knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, Report (incorporating the Trustee's Report). We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion-_ adequate and proper accounting records have not been 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 accounting records and returns. or certain 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., or the trustees (directors) were not entitled to prepare the financial statenients in accordance with the small companies regime, and take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Directors, Report (incorporating the Trustee's Report).
INDEPENDENT AUDITORS, REPORT TO THE SHAREHOLDERS OF SWANSEA CARERS. CENTRE (CONT.) Responsibilities of trusteesldirectors As explained more fully in the Trustees and Directors, Responsibilities Statement set out on pages 8 and 9, the directors (who are also the trustees) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going COnrn. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibility for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAa (LIK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or .uklauditorsres onsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is solely to Ilie chai'itable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the 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 company and the company's membeis as a body. for our audit wark, for this report or for the opinions we have formed. ANDRÈW JONES ACA, FCCA SENIOR STATUTORY AUDITOR FOR AND ON BEHALF OF JOWILLS LIMITED CHARTERED CERTIFIED ACCOUNTANTS AND STATUTORY AUDITORS 64 WALTER ROAD SWANSEA SA14PT DATE.. 12
SWANSEA CARERS, CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restricted Total funds Total funds funds year ended year ended 2025 2025 2024 Unrestricted funds 2025 INCOMING RESOURCES Voluntary Income.. Donations and grants Investment income 250385 2847 880137 1130522 2847 1342683 2297 TOTAL INCOMING RESOURCES 253232 880137 1133369 1344980 RESOURCES EXPENDED Expenditure on charitable activities 267089 900950 1168039 1293448 TOTAL RESOURCES EXPENDED 267089 900950 1168039 1293448 NET (OUTGOING}IINCOMING RESOURCES (13857) (20813) (34670) 51532 Transfer between funds 6720 (6720) NET INCOME (7137) {27533) (34670) 51532 Fund balances blfwd 537458 301153 838611 787079 FUND BALANCES CIFWD 530321 273620 803941 838611 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. 13
SWANSE.A CARERS, CENTRE (COMPANY REGISTRATION NUMBER 05352055) BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 FIXED ASSETS CURRENT ASSETS Stock Sundry debtors and prepayments Cash at bank and in hdnd 150 98629 780202 2542 859799 862341 878981 CURRENT LIABILITIES Creditors and accruals (58400) (40370) NET CURRENT ASSETS 803941 838611 NET ASSETS 803941 838611 REPRESENTED BY:. UNRE.STRICTED FUNDS General reserves 12 520321 537458 RESTRICTED FUNDS 12 273620 301153 TOTAL FUNDS 803941 838611 Approved by the Directors arid Trustees on behalf by:_ and signed on their Robert Bryn bvilliarne (Hon. Treasurer) The notes on pages 14 to 22 form an integral part of these finaricial statements. 14
SWANSEA CARERS, CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Note 2025 2024 Net Cash Inflow from operating activities 76750 51828 Cashflows from investing activities Interest received 2847 2297 Cash generated from investing activities 2847 2297 Increase in cash and cash equivalents in the year 79597 54125 Cash and cash equivalents at the beginning of the year 780202 726077 Cash and cash equivalents at the end of the year 859799 780202 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 NET (OUTGOING)IINCOMING RESOURCES Interest received (34670) (2847) 51532 (2297) (37517) 49235 WORKING CAPITAL MOVEMENT Decreasel(Increase) in stocks 150 (150) Decreasel(Increase) in debtors 96087 (701) Increase in creditors 18030 3444 Net cash inflow from operating activities 76750 51828 15
SWANSEA CARERS, CENTRE NOTES TO THE FIP4ANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2025 1. STATEMENT OF COMPLIANCE These financial statemerits have been prepared in accordance with FRS 102, 'The Financial Reportiiig Standard applirable in the UK and the Republic of Ireland,, the Charities statement of Recommended Practice (SORP). FRS 102, and the Charities Act 2011. 2. ACCOUNTING POLICIES (a) Basis of accounting The accounts have been prepared under the limited cost conventions with items recognised at cost or transaction value unleotrs Otherwise stated in the relevant notes to these accounts. The aLcounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland,(FRS 102), and with the Financial Reporting Standard applicable in the United Kingdom and Republip of Ireland, and with the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. (b) Going concem There are no material ijncertainties about the charity's ability to continue. (c) Voluntary income Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial ALtivities when received. Gifts in kind are valued at their estimated value to the charity and included under the appropriate headings. (d) Grants Grants including grants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities in the year in which they are received. (e) Restricted funds Restricte.d funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund. (f) Unrestricted funds Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds. (g) Depreciation Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over their estimated useful economic lives on a straight line basis, as follows:_ Fixtures and fittings: 20% on cost Office equipment.. 20 % on cost 16
SWANSEA CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONT.) (h) Fixed assets Depreciation is provided on tangible assets at rates calculated to write off the cost of each asset over its expected useful life or if for a specific project over the life of the project if shorter. (i) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be mi easured or est.imated reliably. Creditors and provisions are Iiormally recognised at their settlement amount after allowing for any trade discounts due. (i) Financial instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. (k) Corporation tax The charity is exempt from tax on income and gains fully within Section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992, to the extent that these are applied to its charitable objects. (l) Pensions The charity operates a defined pension contribution scheme. Contributions are charged to the income and expenditure as they become payable in accordance with the rules of the scheme. 17
SWANSEA CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONT.) 3. TOTAL RESOURCES EXPENDED Unrestricted Restricted funds funds 2025 2025 Total Total funds funds year year ended ended 2024 2025 Grant repaid Staff wages and Er's Nl Pensions and life insurance Travel and subsistence Staff recruitment Staff training Volunteers expenses Carers training Carers travel, respite and activities Rent and rates Heat and light Cleaning and refuse Insurance non-property Computer software consumables and maintenance Repairs and maintenance Telephone and internet costs Printing, postage and stationery Subscriptions, licences, membership Equipment maintenancelpurchaselhire Advertising and marketing Accountancy & audit fees Legal and professional fees Health and safety costs Sundry exppnses Bank charges Information packs Support costs Desk fees Refreshments Meeting expenses 10977 748455 22861 2065 1772 8536 2671 33917 330850 45789 8962 5566 3066 13643 297144 11755 138 1521 1433 83 170 3919 41896 7815 7118 3628 7548 447940 745084 10400 22155 1230 1368 768 2289 4122 5555 5050 5133 26254 26424 208647 212566 41896 7815 7118 3628 15777 8229 3870 7446 1168 9158 4251 3870 13584 1274 10065 4318 4490 9728 1127 7731 6138 106 907 67 5250 9309 10943 2136 2449 217 (10523) (69942) (75048) 6656 11906 9309 10943 2137 2542 226 12140 9797 2085 633 2371 275 93 10523 69942 75048 269 3672 (17763) 18820 1057 267089 g00950 1168039 1293448 18
SWANSEA CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025(CONT.) 4. FIXED ASSETS Computer and office equipment Cost At 1 April 2024 Addition5 Disposals 28261 At 31 March 2025 28261 Deprecialion At 1 April 2024 Charge for the year Eliminated re C4'isposal 28261 At 31 Marr.h 2025 28261 Net Book Value At 31 Mai'ch 2025 At 31 Marcli 2024 5. DEFJTfJRS 2025 2024 Unrestficted funds Restricted funds 391 2151 1800 96829 2542 98629 6. CAVIJH AT BANK AND IN HAND The bar.k balance compri>ed the following:_ 2025 2024 Gene.ral fund 545100 J39708 Restricted funds 314699 240494 859779 780202 19
SWANSEA CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONT.) 7. CREDITORS AND ACCRUALS 2025 2024 General fund 18068 4200 Restricted funds 40331 36170 58399 40370 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS General funds Restricted Total funds funds Current assets 548389 313951 862340 Current liabilities (18068) (40331) {58399) 530321 273620 803941 9. TRUSTEES AND DIRECTORS REMUNERATION AND EXPENSES There were nil expense or remuneration paid to any trusteeldirector during the year (2024.. None). 10. AVERAGE NUMBER OF EMPLOYEES DURING THE YEAR 2025 Number 2024 Number Number of employees 37 38 11. AUDITORS FEES 2025 2024 Auditors fees (including VAT) 4320 2700 12. Pension Contributions The company operates a defined contribution pension scheme, where the funds are held separate:y outside the company. The charge for the year was £21567 (2024 . £22861). Other creditors included £NIL as being outstanding at the year end. 20
SWANSEA CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONT.) 12. MOVEMENT IN FUNDS AT TRANSFERS 0110412024 INCOMING OUTGOING RESOURCES RESOURCES AT 3110312025 UNRESTRICTED FUNDS GENERAL FUNDS 537458 537458 6720 6720 256085 256085 269942 269942 530321 530321 RESTRICTED FUNDS ABMU Hospital Outreach Worker Henry Smith Postcode Community Trust {Male Carer) ICF BAME2 Community Foundation Male carer project extension YAC Wellbeing and Small Grants Time for Me - Male Carers Time for You YAC Other Extendes hourslcounselling Carers ID Badges WCVA Volunteer Carers Support Fund (WG) Male Carer 3 Extension Older People & Carers Connect Mental Health Awareness Volunteer ProjecVPost Covid Recovery Fuel Poverty Project ruel Poverty Alleviation Millenum Stadium CT Older Carers 70+ Big Lottery Helping Working Families ICF Dementia Worker ICF Emergency Respite Safe & Well Packs YAC Dementia Collaboration Project Male Carer 4 MH & Wellbeing Support Carers Support Fiind 22-23 Coop YAC Act.ivities Short Breaks Amser Shortbreak8 Volunteer Service SPF WGSB Respite -666 1362 32244 32939 22030 1015 54000 49673 26357 1015 17689 17666 23 4548 1437 30 4548 2437 530 1000 500 758 4163 1880 451 626 1144 1450 491 687 758 45 4118 760 41348 43 1120 1379 583 1144 42276 1450 491 48 22360 22999 10369 11954 29326 29336 11405 10359 549 12980 16 12996 27896 50000 22104 7500 19 7690 99066 7662 76140 28 67887 44961 -1357 755 934 -420 1362 53718 24962 53723 25713 934 67 44975 44488 2701 13393 9433 700 3443 9515 48573 24086 32992 166271 24100 20873 163615 2687 25512 2656 700 3443 6768 1187 -9433 99994 102741 47386 21
SWANSEA CARERS, CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR TH YEAR ENDED 31 MARCH 2025 (CONT.} 12. MOVEMENT IN FUNDS YAC Education Support YAC Wellbeing BAME2 Awards for All GP LINK 2 30104 31043 7835 26862 6988 4495 34514 34285 847 12431 42238 16926 37142 39610 301152 880137 900950 273619 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025 or 31" March 2024. 22