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
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¢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. se￿ices 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 COn￿rn. 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