REGISTERED COMPANY NUMBER: 05282554 (England and Wales)
REGISTERED CHARITY NUMBER: 1110078
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
FOR
TAI PAWB
Bevan Bud(land LLP
Chartered Accountants
And Statutory Auditors
Ground Floor Cardigan House
Casue Court
Swansea Enterprise Park
Swansea
SA7 9LA

TAI PAWB
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Reference and Administrative Details
Report of the Trustees
Report of the Independent Auditovs
9 to 11
Statement of Financial Activities
12
Statement of Financial Position
13
Statement of Cash Flows
14
Notes to the Statement of Cash Flows
15
Notes to the Financial Statements
16 to 27
Detsiled Statement of Financial Activities
28 to 29

TAI PAWB
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES
M5 S Pres(x)tt (VI￿ Chairl
Mr C Stephenson OBE {Chairl
Dr L C0rdery-Bnj￿ (resigned 28.1.251
Mrs E S Gilbert
Mr G Findlay {resigned 14.5.24)
Ms C Clark
Mrs N T Jones
Mrs L J Hamer
Ms M Elmirghani
Mr J A Dowdall
Ms A Pri￿ lappoinled 28.1.25)
REGISTERED OFFICE
Mariners House
East Moors Road
Cardiff
CF24 STD
REGISTERED COMPANY NUMBER 05282554 {England and Wales)
REGISTERED CHARITY NUMBER 1110078
INDEPENDENT AUDITORS
Bevan Buckland LLP
Chartered Accountants
And Ststutory Auditors
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA
Page 1

TAI PAWB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of
Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their
accounts in accordan￿ wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)
leffective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Tai Pawb's objectives are contained in rts Constitution. Its key objective is
.to promote equality and diversity in the provision of housing in Wales, in partic#Jlar social housing, for the benefit of the
public in Wales by the elimination of discrimination on the grounds of race, age, disability, gender, transgender, sexual
orientation or religion or belief."
The organisation's Strategic Plan 2021-2026 contains the followng..
ion
A Wales where everyone has the right to a good home.
What we do
We advan￿ equality, diversty social Justi￿ in housing in Wales
Strategic Objectives and Priorities
Tai Pawb works to 3 strategic objective5 and relevant (x)rresponding priorities..
Shape the change
Campaign for a legal right to housing in Wales
Help build an anti-racist Wales
Champion disabled people's housing rights
Promote LGBTQ+ rights
Champion equal rights for homeless and vulnerably housed people
Advocate an equitable response to the dimate emergency
Make the change
Broaden the reach and impact of our transformational QED Award
Focus on cultural change
Amplify our message
Increase connection wlh members
Embed lived experien￿ in our worf(
Be the change
Lead by example
Become more agile and reffective
Nurture new and existing partnerships
Grow our capacity to deliver
Page 2

TAI PAWB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
Key Achievements
Sha
e the chan
Campaigning for a leg81 right to housing in Wales
Welsh Govemment White Paper on Fair Rents and Right to Adequate housing published thanks to campaign
influenryng
Over 70'/o of RSL CEO'S sign draft bill in support of the campaign
Backbench legislative motion for the right to adequate housing re￿iVeS cross-party support in the Senedd
Champion disabled people's housing rights
WG pattern book- disabled tenants and those wth lived experien￿ to be offered 'post-occupation review on
new builds lo improve nexi iteration of the book
Help build an anti-raast Wales
Racial diversity of housing association boards increases further to 9Q/o that's to our and sector work
Leading on strategic support, sector reflection and challenge in response to racist riots
Recommendations of race subgroup of Ending Homelessness National Advisory Board Ichaired by Tai P8wbl
a￿pIed by WG and the board
Some updates to ARWAP and Nation of Sanctuary Plan {in ARWAP) based on Tai Pavkn feedbad(
Successful engagement with LA'S and increased interest and delivery on ARWAP
Anli-racism sector survey launched
Promote LGBTQ+ rights
Significant awareness raising activity via social media, resou￿ newsletters and bespoke member sessions and
first lime coordination of sector presence at Pride Cymm
Champion equal rights for homeless and vulnerably housed people
Rent Smart Wales to promote TP designed hate crime training as per TP suggested ARWAP changes
Inclusion in recommendations in Local Govemment and Housing Committee of PRS Guarantor Scheme, later
included for consultation with WG
Rental Health Cymru summit
Restarting the Landlord For a in Gwent thal now run independently
Successful raft of training for landlords and tenants
Completion of 3 year Housing a Nation of Sanctuary Project with Housing Justi￿ Cymru and partners., raised
awareness and built capacity in the sector to accommodate refugees,. created an e4earning module to raise
awareness and share good practi￿,. used lived experience to improve policy, ensuring that housing solutions
nlre the voices of those with lived experience of asylum system
3 Stronger Together sanctuary seeker events" 4 Ac￿sSible Housing Partnership sessions
Advocate equitable response to climate emergency
Equitable response to dimate thange research Trmth Open University th 4 roundtables and research groups to
be launched the year after
Make the chan
Broaden the reach and impact of our transfomiational QED Award
10 organisations achieved or working towards QED
2nd Organisation commits to QED Leaders
Page 3

TAI PAWB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
Focus on cultural change
Leading on cullure-led strategic support, sector reflection and challenge in response to racist riots
550/0 increase in attendee Confiden￿ to deliver followng our cultur&focused training sessions
Development of new cultur&led courses.. unconscious bias in recnjitment, cuttural competency and
neurodiversity
Amplify our message
61 mailer member updates sent- 4 thematic briefings developed and viewed by 1.9k people12.5 times more than
last yearl", 1465 mailing list subscribers1+160 from last yearl
223 inputs into Welsh Government Policy, 148 into Senedd work (both increases from last year)
34 policy changes adopted by Welsh Govemment as a result of our work
61 mentions of Tai Pawb in Welsh Govemment or Senedd publications or member contributions
Increase connection with members
Answered 102 helpline inquiries & completed 101 training sessions
Delivered consistent 22 free events wth 693 people attending {c£)mpared to 364 ￿ years ago)
Significant training impact wth 550/0 increase in Confiden￿ post training
1006 people attended our training - +100 increase from last year
Increased membership to 81 members1+41 and engaged 96 % of our membership (through 1654 separate
instances of engagement)
Embed lived experien￿ in our work
Engaged 355 people Vrfilh lived experien￿ of inequalrty in our work via training, focus groups, sessions and as
speakers
Promoted Tai Pawb prinaples of lived experience
Be the chan
Lead by example
Published our EDI plan update and diversity stat151ic3 update
Become more agile and reflective
Conduded 4 Day Week 12 month pilot and introduced 4 Day Week permanently, gaining national accredialion
Nurture new and existing partnerships
Continued working together with our highly effective Bad( the Bill coalition alongside CIH Cymru and Shelter
Cymru
Further developed partnership and joint programmes ofwork wth Open Universty
Continued development of a new partnership focusing on aC￿sSible housing ￿ three organisation
Grow our capaaty to deliver
Further developed e-leaming offer, wth first bookings corning through
Exceeded fundraising targets
STRATEGIC REPORT
Financial position
Total income for the year to 31 March 2025 was £580,425 12024". £573,735). The expenditure for the year totalled
£547,140 12024." £529,677), leaving a net surplus for the year of £33,285 before the movement on the defined benefit
pension scheme. Actuarial gains on the defined benefit pension scheme provision of £18,00012024.. £24,000 lossl has
been reported.
Principal funding sources
Tai Pawb continues to supplement core funding with income from membership fees. training, consultancy and Tai Pawb
events.
This year saw continuing actions towards greater financial sustainability induding continued development of e-leaming
offer.
Tai Pawb continued its fantastic finan￿al retum from training and consultancy from last year, where we reached nearly
double the target surplus from these activtties.
Investment policy
Investments are ruled by poliaes contained in Tai Pa￿ ffinan￿ handbook and the Memorandum and Articles of
Association.
Page 4

TAI PAWB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Financial review
Reserves policy
Tai Pawb continues to have a reserves policy and to hold reserves. The organisation'5 reserves policy aims to mitigate
against dosure and invests in strategic development costs. The amount of reserves should cover 5 months net
operating costs plus c105ure costs.
Organisalion's balance sheet also reflects its liabilities in leryns of participation in Social Housing Pension Scheme. The
organisation had a sufficient level of designated reserves in accordan￿ wth the policy al the end of March 2025.
Trustees are dosely monitoring the ongoing effect of Social Housing Pension Scheme liabilities and its impact on
rese￿es. Tai Pawb sets aside a designated reseNe to reflect the long tem, not immediately payable effects of the
Social Housing Pension Scheme liabiltiy. On a day to day basis it ensures that contributions required to the fund are
induded wthin budgets and factored within medium temi plans. Likewise it considers the associated risks as part of its
ongoing risk management, and receives penodic review by the Board as a specific topic.
Reserves policy is shared and revIeV￿ by the trustees each year ahead of year end to ensure sufficient level and
appropriate use of reserves. The policy ¥MII be next reviewed in July 2025 with a new provision that additional funds may
also be designated for setting off actuarial gains against possible future losses on the Social Housing Pension Scheme.
Social Housing Pension Scheme
Following a decrease in Tai Pa￿ estimated debt on wthdrawal amount compared to previous year, the board carried
out a comprehensive exercise in considering potential vmthdrawal. Due diligence review was commissioned to Quantum
Advisory to aid the considerations. Followng the due diligence exerase and a report from the advisors, the b08rd
decided against withdrawal at that time, after careful consideration of risks and impacts. Reasons are outlined below..
Value for Money.. the cost of in addition to what we will pay if we remain is considered loo high in companson to the key
benefit it would deliver, which is a complete removal of the risk of pension liabilities increasing land therefore affecting
our accounts as in the past & potential new pension debt in the future)
Affordability.. there would be a one of cost induding debt itself. advi￿, SHPS own costs to re-calculate the debt. The risk
of high one-off spend was considered too high and would potentially put Tai Pawb in a 'very tight, and risky finana81
position.
Additional actions agreed were".
Consideration of reserves Fiolicy
Annual review of the situation and decision followng debt on withdrawal calculation
Social housing pension scheme continues to be monrtored by the board as a standalone risk wth pension update being
a standing agenda item in senior management team's board report at each board meeting.
Plans for Future Periods
These plans are outlined in our new Strategy 2021-2026 and Business plan. Intemally this is supplemented by Work
Plan which is developed on an annual basis.
Page 5

TAI PAWB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govemance Structure
The charity is controlled by its governing documen( a deed of trust. and constitutes a limited company. limited by
guarantee, as defined by the Companies Act 2006.
The charity's governance structure is supported by its constitution document, the Memorandum and Articles of
Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity has a membership structure consisting of categories of membership, wth these being Supporters, AfFiliates,
Commercial, Full Members.
The charity's board of trustees can have at least nine and no more than eighteen members, all of ￿0M must be over
the age of eighteen.
Each category of membership has been allocated a specific number of seats on the Board. These categories were
reviewed and amended in 2024.. Cooptees category has been reduced to a maximum of 3 seats and a new elected
specialist input category has been created comprising of maximum three seats for any Tai Pawb members with skills
needed on the board- as determined by the board from time to time.
The number of places allocated to each category of membership is detailed below.
Number of Seats
Available
Category of Membership
Supporters
Affiliate (Third Sector)
Full Member (Local Authorib'esl
Full Member (Registered Social Landlords)
Affiliate (Other Housing Interests)
Co-optees (Recruited by the board)
Specialist Input
TOTAL NUMBER OF SEATS
18
Annual General Meeting
Tai Pawb held ils Annual General Meeting on 10 DeCeM￿r 2024. The audited accounts were presented to the Board by
the independent auditors at the Board meeting.
The Chair and CEO went through their respective report5 ￿th regards to Tai Pavrt)'s activrties in the preceding year.
Trustee Induction and Training
The trustees attend a number of Board meetings on a regular basis. Tai Pawb holds events and seminars across Wales
and some of Tai Pa￿j,$ Board members attend these events to increase their kno￿edge and experien￿ around
equality and diversity issues. All new trustees are inducted and encouraged to attend WCVA trustee and other courses
Board rellection
Each year, the chair undertakes aengagement wth each board member to re11ect on g0veMan<￿ and board
performance over the preceding year. This yea￿S exercise key recommendation led to a review of board meeting
structure ¥Mth a new, more strategic and forward looking slructure introduced in April 2025.
Page 6

TAI PAWB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
Risk management
The board continued to review risk on a quarterly basis wth reports on progress and changes to risk register from senior
management team who are responsible for the day-t(kday risk management. Risks are split into corporate and practice
related risks.
Al the end of the financial year Tai Pawb had 18 risks noted in register. Risk for 3 risks was low, for 1 risk - high and 14
is medium.
In March 2025 the board conducted a review and development of new risk register, enabling better tracking of mitigating
actions and consideration of indented tsrgel risks and Tai Pa￿'S risk appetile. New risks related to anti-EDI sentiment
were added.
In 2024-2025 Tai Pawo board developed and approved a scheme of delegation which dariffies authority in relation to
key policies and areas of operation of Tai Pawb. The scheme has improved darity in temis of decision making
delegated to staff and deasions sitting Mth the board.
Cybersecurity.. Tai Pawb has successfvl achieved its Cyberessentials accreditation second year in a row. In order to
minimise the increasing Cybersecurity risks Tai Pavh) has also..
Commissioned a Pii Protect service through ils IT provider- Orbits IT. The Servi￿ provides annual and ongoing
Cybersecurity training lo the whole team., runs mod< Phishing attad(s wlh reports against each employee,.
scores the organisation based on training completion and phishing attack response.
Tai Pawb have opted-in to be provided with new Endpoint Detection and Response Sothre IEDR} provided by
ort)its IT. The EDR soknre has been carefvlly selected and implemented to bolster our existing security
infrastructure and provide advanced threat detection capabilrties. It wll actively monitor and analyse endpoint
activities, enabling us to proactively identify and respond to potential security incidents. This proactive approach
11 significantly strengthen your defence against emerging cyber threatsthreats
Management
The Board of Trustees managed members of staff comprising Chief Executive offi￿r, Head of Membership and
Partnerships, Head of Policy and Public Affairs, Policy Manager, Membership Manager, Membership Officer, Funding
and Partnerships Manager, PRS Champions Manager, Communications and Marketing Manager, Finance and
Administration OffI￿r and Anti-racism Manager. CEO and Senior Management Team wort wth the oversight from the
board of trustees lo support them in the fulfilment of their obligations, in delemiining and reviewing the organisation's
strategic direction and providing assurance on Tai Pawb's activtties, govemance and risk. Regular contact is maintained
th the chair who holds 121 meetings wth the CEO between board meetings.
This is also done in consultation v¥ith staff, where the CEO has resF)onsibility for overseeing the operational
management of aspects of Tai Pawb together wth the Senior Management Team comprising of Head of Business and
Head of Policy and Public Affairs.
Throughout 2024-2025 all staff were working via a hybrid model with a￿sS to part tsme Offi￿ and working from home.
Considerable V￿rk was undertaken this year on 4 Day week pilot wth careful planning. training, research and evaluation
pre-launch, at mid point and endpoint. Final report showed significant benefits to the introduction of 4 day week wth
performance maintained or improved in some areas. On the basis of this the board agreed lo full and pemanent
implemenlalion of 4 day week Isubject to ongoing monitoring).
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees Iwho are also the directors of Tai Pawb for the purposes of company lawl are responsible for preparing the
Report of the Trustees and the financial statements in accordan￿ with applicable law and United Kingdom Accounting
Standards Iunited Kingdom Generally Accepted Accounting Practi￿) including Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare finanaal ststements for each ffinan￿aI year which give a true and fair view
of the slate of affairs of the charitable company and of the incoming resour(*s and application of reSoUr￿s, including
the income and expenditure, of the charitable company for that period. In preparing those financial statements, the
trustees are required to
select suitable accounting policies and then apply them con5islendy',
observe the methods and principles in the Charity SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed. subjecl to any material deparbjres disclosed and
explained in the financial statements.,
prepare the financial slalements on the going con￿rn basis unless rt is inappropriate lo presume that the chantable
company wll continue in business.
Page 7

TAI PAWB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disdose wlh reasonable accuracy al any
time the financial position of the charitable company and to enable them lo ensure that the finan￿al slalemenls comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hen￿ for tsking reasonable steps for the prevention and detecb.on of fraud and other irregularities.
In so far as the trustees are aware".
there is no relevant audit infomiation of which the tharitable company's auditors are unaware- and
the trustees have taken all steps that they oughl to have taken to make themselves aware of any relevant audit
infomalion and to establish that the auditors are aware of that infomalion.
AUDITORS
Bevan Buckland LLP were appointed as the charitable company's auditors.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company
directors, on
-.Aug 5, 21125................. and signed on the board's behalf by".
Sakak Treicoè
Ms S Prescott- Trustee
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TAI PAW8
Opinion
We have audited the financial statements of Tai Pawb (the 'charitable cornpany'l for the year ended 31 March 2025
which comprise the Statement of Finanryal Aclivities, the Statement of Finanryal Position, the Statement of Cash Flows
and notes to the finanryal slatemenls, induding a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practi￿), including Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland..
In our opinion the finanaal statements..
give a true and fair view of the state of the charitsble company's affairs as at 31 March 2025 and of its incoming
resources and application of resources, induding its income and expendtture, for the year then ended",
have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practic£, including
Finanaal Reporting Standard 102 'The Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland,"
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ ¥Mth International Standards on Auditing {UKI IISAS IUKII 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 wth the ethical
requirements that are relevant to our audit of the finanaal statements in the UK including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriale to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the finanaal statements, we have conduded that the trustees. use of the going concem basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have perfom)ed, Y￿ have not identified any material uncertainties relating to events or condib'ons
that, individually or collectively, may cast significant doubt on the charitable company s ability to continue as a going
concern for a period of at least twelve months from when the finanaal statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant
sections of this report.
Other infonnation
The trustees are responsible for the other infomiation. The other infomiation comprises the infomation included in the
Annual Report, other than the financial ststements and our Report of the Independent Auditors thereon.
Our opinion on the finanual statements does not cover the other inft)rmation and, eX￿p1 to the extent otherwise
explicidy stated in our report, we do not express any fom) of assuran￿ condusion thereon.
In connection ¥Mth our audit of the financial statemenls, our responsibility is to read the other infomialion and, in doing
so, consider whether the other information is materially inconsistent wth the financial statements or our knowledge
obtained in the audit or olhewse appears lo be materially misstated. If we identify such material inconsistencies or
apparent material misslatemenls, we are required to determine ¥thether this gives nse lo a material misstatement in the
financial statements themselves. If, based on the work have perfomied, we conclude that there is a material
misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by Ihe Companies Act 2006
In our opinion, based on the work undertaken in the COU￿ of the audil..
the information given in the Report of the Trustees for the financial year for whith the finanaal statements are
prepared is consistent wlh the financial slalements", and
the Report of the Trustees has been prepared in accordance wrth applicable legal requirements.
Matters on which we are required to report by exception
In the light of the kno￿edge and understanding of the charitable (x)mpany and its environment obtsined in the course of
the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing lo report in respect of the following matters where the Companies Act 2006 requires US to report to you
if, in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been re￿iVed from
branches not visited by us., or
the finanaal statements are not in agreement wth Ihe accounting records and retums.. or
rtain disclosures of trustees. remuneration speafied by law are not made,. or
we have not re￿iVed all the information and explanations we require for our audit
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TAI PAW8
Responsibilities of trustees
As explained more fully in the Staternent of Tru5tees' Responsibilities, the trustees (who are also the directors of the
charitable company for the purposes of company law} 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 conlrol as the trustees determine is ne￿SSary
to enable the preparation of finanaal statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the truslees are responsible for assessing the charrtable company's ability to
continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem
basis of accounting unless the trustees either intend to liquidate the charitable company or to ￿ase operations, or have
no realistic allemative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a ￿Ole are free from
material misstslement, whether due to fraud or error, and to issue a Report of ihe Independent Auditors that includes
our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in
accordan￿ wth ISAS (UK) 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 influen
the economic decisions of users taken on the basis of these financial statements.
The extent to which our pror£dures are capable of detecting irregularities. induding fraud is detailed below".
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misslatemenl of the Finanaal Sialements, whether due to fraud or error,
and then, design and perfomi audit procedures responsive to those risks. including obtaining audit eviden￿ that is
sufficient and appropriate to provide a basis for our opinion.
We discussed our audit independence complying the Revised Ethical Standard 2024 wth the engagement team
members whilst planning the audit and conb'nually monitored our independence throughout the process.
Identifying and assessing potential risks related to irregularilies.
In identifying and assessing risks of malenal misslalement in respect of l￿egularl11es. including fraud and
non-compliance wth laws and regulations, our procedures included the followng..
enquiring of management, including obtsining and reviewng supporting documentation, Con￿mIng the Charity's
policies and procedures relating to..
identifying, evaluating and complying with laws and regulations and whether they ¥here aware of any
instances of non-compliance-
detecting and responding to the risks of fraud and whether they have knowledge of any actual. suspected or
alleged fraud.,
the intemal controls established to mitigate risks related to fraud or non-complianc£ with laws and
regulations.,
discussing among the engagement team how and where fraud might occur in the finanryal statements and any
potential indicators of fraud.
obtaining an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on
those laws and regulations that had a direct effect on the financial statements or that had a fvndamenlal effect
on the operations of the Charrty, The key laws and regulations we considered in this context included the UK
Companies Act and relevant tax legislation.
Audit response lo risks identified
In addition to the above, our procedures to respond to risks identified included the follwng..
reviewing the financial statement disdosures and testing to supporting documentation to a55ess compliance with
relevant laws and regulations.,
enquinng of management tx)n￿rning actual and potential litigation and claims.. perfoming analytical procedures
to identify any unusual or unexpected relationships that may indicate risks of material misstatement due lo fraud.,
reading minutes of meetings of those charged wth governan￿.,
in addressing the risk of fraud through management override of controls, testing the appropriateness of journal
entries and other adjustments",
assessing whether the judgements made in making accounting estimates are indicative of a potentl81 bias," and
evaluating the operational rationale of any significant transactions that are unusual or outside the nom)al course
of operations.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-complian￿ with laws and regulations throughout the
audit.
A further description of our responsibilities for the audrt of the finanual statements is located on the Finanaal Reporting
Council's website at ww.frc.org.uklauditorsresponsibilities. This description fomis part of our Report of the Independent
Auditors.
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TAI PAW8
Use of our report
This report is made solely to the charitable companls member5, a5 a body, in accordance with Chapter 3 of Part 18 of
the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's
members those matters we are required to state to them in an auditors. report and for no other purpose. To the fvllest
extent pemiitted by law, we do not accept or assume responsibilrty 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 fomied.
Michael Jones (Senior Ststutory Audrtor)
for and on behalf of Bevan Buckland LLP
Chartered Accountants
And Statutory Auditors
Ground Floor Cardigan House
Castle Court
Swansea Enterpnse Part(
Swansea
SA7 9L4
Date".
1210812025
Page 11

TAI PAWB
STATEMENT OF FINANCIAL ACTMTIES
{INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
nds
Restricted
fijnds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Membership Fees
Charitable Activities
87,766
391.840
87,766
479,172
83,196
472,713
87.332
Investment income
Other income
227
13,260
227
13,260
920
16,906
Total
493.093
87,332
580,425
573,735
EXPENDITURE ON
Charitsble activities
Charitable Activities
458,101
89,039
547,140
529,677
NET INCOMEIIEXPENDITUREI
Other reeognised gainsl{lossesl
Actuarial gainslllossesl on defined benefit
schemes
34,992
(1,707}
33,285
44,058
18.000
18,000
(24,0001
Nel movement in funds
52.992
(1,707}
51,285
20,058
RECONCILIATION OF FUNDS
Total funds brought forward
310.956
37,561
348,517
328,459
TOTAL FUNDS CARRIED FORWARD
363.948
35,854
399,802
348,517
The notes fom) part of these financial statements
Page 12

TAI PAWB {REGISTERED NUMBER- 052825541
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
nds
Restricted
nds
Notes
FIXED ASSETS
Intangible assets
Tangible assets
12
13
5,9
4,748
5,906
4,748
7,931
4,481
10,654
10,654
12,412
CURRENT ASSETS
Debtors
Cash at bank
14
96,203
313,834
96,203
349,688
93,506
333,628
35,854
410.037
35.854
445,891
427,134
CREDITORS
Amounts falling due within one year
15
(25.743)
{25,7431
126,0291
NET CURRENT ASSETS
384,294
35,854
420,148
401,105
TOTAL ASSETS LESS CURRENT LIABIL￿lEs
394.948
35,854
430,802
413,517
PENSION LIABILITY
18
{31.OIKJI
{31,0001
165,0001
NET ASSETS
363.948
35,854
399,802
348,517
FUNDS
Unrestricted funds
Restricted funds
17
363,948
35,854
310,956
37,561
TOTAL FUNDS
399,802
348,517
The financial statements were approved by the Board of Trustees and authorised for issue
on
"Aug"5,' 2025"""" """"'"'
and were signed on its behalf by..
Ms S Prescott- Trustee
Mrs N T Jones- Trustee
The notes fom) part of these financial statements
Page 13

TAI PAWB
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activities
Cash generated from operations
18,503
34,294
Net cash provided by operats'ng 8Ctivities
18,503
34,294
Cash flows from investing activities
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Interest re￿iVed
18,1001
{2,670)
227
920
Net cash used in investing activities
{2,443}
17,180)
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
16,060
27,114
333,628
306,514
Cash and cash equivalents at the end of
the reporting period
349,688
333,628
The notes foTh part of these financial statements
Page 14

TAI PAWB
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net income for the reporting period (as per the Ststement of Financial
Activities}
Adjustments for:
Depreciation charges
Interest received
Ilncreaselldecrease in debtors
Decrease in creditors
Differen￿ beljveen pension charge and cash contribLrtions
33,285
44,058
4,428
1227)
{2,6971
1286}
116,000)
1,615
{9201
5,593
11,0521
115,000)
Nel cash provided by operdtions
18,503
34,294
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank and in hand
333,628
16,060
349,688
333,628
16,060
349,688
Total
333,628
16,060
349,688
The notes foTh part of these financial statements
Page 15

TAI PAWB
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2025
STATUTORY INFORMATION
Tai pa￿ is a charitable company, limited by guarantee, registered in England and Wales. The charity's
registered number and registered Offi￿ address can be found on the Reference and Administrative Details
page.
The presentation currency of the finanaal ststements is the Pound Steding {£).
ACCOUNTING POLICIES
Basis of preparing the financial statements and going toncem
The financial statements of the chantsble company, which is a public benefft entity under FRS 102, have been
prepared in accordance wth the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordan<￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,,
Financial Reporting Standard 102 The Finanaal Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 20[￿. The finanryal statements have been prepared under the historical cost
convention.
The trustees consider that there are no material Un￿rtaInlieS about the charity's ability to o)ntinue as a going
concern.
Income recognition
All income is recognised in the Statement of Finanaal Ath'vities On￿ the charity has entrtlement lo the funds,
any performance conditions attached to the itemlsl of income have been met, it is probable that the income wll
be received and the amount can be measured reliably.
Income from govemmenl and other grants, ￿ether 'caprtal' grants or 'revenue' grants, is recognised when the
charity has enliilement to the fvnds, any perfornian￿ condilions attached to the grants have been mel, it is
probable that the income will be re￿IVed and the amount can be measured reliably and is not deferred.
Membership income is recognised when invoices for membership fees are invol￿d to the members. For existing
members this would be the 1 April, and for new members this would be the date of application.
Training income is recognised when the Charity has entrtlement to it which would generally be when the training
course has been performed.
Donations are recognised when the Charity has been nobfied in writing of both Ihe amount and settlement date.
In the event that a donation is subject lo condilions thal require a level of performance before the charity is
entrtled lo the funds, the income is deferred and not recognised until either those conditions are fully mel, or the
fulfilment of those conditions is wholly wthin the control of the charity and it is probable that those conditions wll
be fvlfilled in the reporting period.
Interest on funds held on deposit is included when re￿1vable and the amount can be measured reliably by the
charity", this is nom)ally upon notification of the interest paid or payable by the bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable Ihat a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all cost related lo the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the use
of reSoUr￿s.
Intsngible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at C05t
less any accumulated amortisation and any accumulated impaimient losses.
Website costs are being amortised evenly over its estimated usefvl life of 4 years. Computer soknre is being
amortised evenly over its estimated useful life of 5 years.
Tangible fixed assets
Depreciabon is provided at the followng annual rates in order to write off each asset over its estimated useful
Computer equipment
33 /0 on cost
Page 16
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES - Continued
Tangible fixed assets
Cost comprises the purchase pri￿ of the assel and expenditure directly attributable to the acquisition of the
item.
A fixed asset is derecognised upon disposal or when no future economic benefits are expected to arise from the
continued use of the asset. The gain or loss arising on the disposal of an asset is determined as the difference
be￿een the sale prO￿edS and the carrying value of the asset. and is credited or charged to the income
statement.
Impairnient of fixed assets
The charity performs impairment testing where there are any indicators of impaimient. Impaimient is calculated
as the difference between the carrying value and the recoverable value of the asset. Recoverable value is the
higher of net realisable value and estimated value in use at the date the impairment loss is recognised. Value in
use represents the present value of expected future discounted cash flows. If incurred, impaim)ent is recognised
immediately in the income statemenL
Where an impaiment loss subsequently reverses, the ￿rryIng value of the asset is increased to the revised
estimate of the recoverable amount, bul so that the increased carrying value does not exceed the carrying value
that would have been detemiined if no impaimient loss had been recognised for the asset in prior years. A
reversal of an impairment loss is recognised immediately as a credit to the income statement.
Corporation tsxation
The charity is exempt from corporation tax on its charitsble activities.
Debtors
Trade and other debtors are recognised al the settlement amount due after any Irade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short temi highly liquid investments wth a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
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 lo a third paty and the amount due lo settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount
after allowng for any trade discounts due.
Fund accounting
Unrestricted funds can be used in accordan￿ vdilh the tharilable objectives at the discretion of the trustees.
Designated funds are unrestricted funds eaTharked by the trustees for particular purposes falling in future time
periods.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statement9.
Pension costs and other post-retirement benefrts
The charity has obligations to pay pension benefits lo ￿rtain employees. The pension accounting disdosure for
this scheme has changed from a Present Value Approach to a Defined Benefit Approach In this financial year.
This is due to sufficient infomiation now available for an employer in SHPS to account for its obligation on a
Defined Benefit basis {i.e. stating assets and obligations).
For defined benefit schemes the amounts charged to the Ststemenl of Financ4al Activities are the current setvi
costs and gains and losses on settlements and curtailments. They are included as part of staff costs. Past
service costs are recognised immediately in the Statement of Financial Acb'vities if the benefits have vested. If
the benefits have not vested immediately, the costs are recognised over the period until vesting occurs. The
interest cost and expected return on assets are shown as a nel amount of other finan￿ costs or credits adIa￿nt
to interest. Actuarial gains and losses are recognised immediately in the Statement of Financial Activities.
Page 17
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES - Continued
Pension costs and other post-retirement benefrts
Defined benefit schemes are funded, wth the assets of the scheme held separately from those of the charity, in
separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are
measured on an actuarial basis using the projected unit method and discounted al a rate equivalent to the
current rale of retum on a high quality corporate bond of equivalent currency and lemi to the scheme liabilities.
The actuarial valuations are obtained at least triennially and are updated at eath balan￿ sheet date. The
resulting defined benefit asset or liability. nel of the related deferred lax, is presented separately after other net
assets on the fa￿ of the balance sheet.
Operating leases
Rentals paid under operating leases are charged to the SOFA on a straight line basis over the period of the
lease.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the finanaal statements requires management to make judgments, estimates and
assumptions that affect the application of poliues and reported amounts of assets and liabilities, income and
expenses. The estimates and associated assumptions are based on historical experien￿ and various other
factors that are believed to be reasonable under the cirCumstan￿s, the results of ￿lch fom the basis of making
the judgments about carrying values of assets and liabilities that are not readily apparent from other sources.
Actual results in the future may differ from these estimates.
Estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised and in any future periods affected.
Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the
projected unil method and discounted at a rate equivalent to the current rate of return on a high quality corporate
bond of equivalent currency and lemi lo the scheme liabilrties. The actuarial valuations are obtained at least
triennially and are updated at each balan￿ sheet date. The resulting defined benefit asset or liability, net of the
related deferred tax, is presented separately after other net assets on the face of the balan￿ sheet.
Estimation Uncertainty
The charity makes estimates and assumptions con￿MIng the future. The resulting accounting estimates will, by
definition, seldom equal the related actual results. Management consider their lo be no estimates and
assumptions that have a significant risk of causing a material adjustmenl to the carrying amounts of assets and
liabilities wlhin the next finanual year.
INVESTMENT INCOME
2025
2024
Bank account interest
227
920
INCOME FROM CHARITABLE ACTMTIES
2025
2024
Activity
Membership fees
Membership Fees
Conference and other events Charitable Activities
Grants
Charitable Activities
Consultancy fees
Charitable Activities
Training
Charitable Activities
87,766
12.095
386.669
13,210
67,198
83,196
13,110
395,764
63,839
566.938
555,909
Grants received, induded in the above, are as follows:
2025
2024
Welsh Government Grant
08k Foundation
Comic Relief
243,999
55,338
15,397
237,548
48,582
38,422
Carried forward
314,734
324,552
Page 18
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
INCOME FROM CHARITABLE ACTMTIES - continued
2025
2024
Brought forward
The Wallich
314,734
71,935
324,552
71,212
386,669
395,764
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 71
Direct
Costs
Totals
Charitable Activities
533.059
14,081
547,140
SUPPORT COSTS
Support
costs
Finan
Totals
Charitable Activities
229
13,852
14,081
NET INCOMEIIEXPENDITUREI
Net incomellexpenditurel is stated after chargingllcrediling}-
2025
2024
Auditors, remuneration
Auditors, remuneration for non audit work
Depreciation - owned assets
E-Learning platfom amortisation
Computer software amortisation
7,080
1,772
2,403
2,025
6,336
1,448
471
169
975
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
Trustees. expenses
During the year £444 was reimbursed to 3 trustees for expenses {2024: £nil reimbursed).
10.
STAFF COSTS
2025
2024
Wages and s81aries
Other pension costs
397,083
2,000
392,185
2,000
399,083
394,185
The average monthly number of employees during the year was as follows..
2025
2024
Senior management team
Office staff
11
No employees re￿iVed emoluments in ex￿55 of £60,0(XJ.
During the year salaries of £142,95212024.. £136,709) were paid to key management.
Page 19
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES
Unrestricted
nds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Membership Fees
Charitable Activities
83,196
363,079
83,196
472,713
109,634
Investment income
Other income
920
16,906
920
16,906
Total
464,101
109,634
573,735
EXPENDITURE ON
Charitsble activities
Charitable Activities
433,454
96,223
529,677
NET INCOME
Other reeognised gainsl{lossesl
Actuarial gains]Ilossesl on defined benefit
schemes
30,647
13,411
44,058
(24,0001
124,0001
Nel movement in funds
6,647
13,411
20,058
RECONCILIATION OF FUNDS
Total funds brought forward
304.309
24,150
328,459
TOTAL FUNDS CARRIED FORWARD
310,956
37,561
348,517
12.
INTANGIBLE FIXED ASSETS
Website
development
costs
E-Leaming
platfomi
Computer
So￿are
Totals
COST
Al 1 April 2024 and 31 March 2025
8,100
9,990
6,504
24,594
AMORTISATION
Al 1 April 2024
Charge for year
169
2.025
9,990
6,504
16,663
2,025
Al 31 March 2025
2,194
9,990
6,504
18,688
NET BOOK VALUE
Al 31 March 2025
5.906
5,906
Al 31 March 2024
7.931
7,931
Page 20
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
TANGIBLE FIXED ASSETS
Computer
equipment
COST
Al 1 April 2024
Additions
Disposals
10,335
2,670
12,3261
Al 31 March 2025
10,679
DEPRECIATION
Al 1 April 2024
Charge for year
Eliminated on disposal
5,854
2,403
12,3261
Al 31 March 2025
5,931
NET BOOK VALUE
Al 31 March 2025
4,748
At 31 March 2024
4,481
14.
DEBTORS: AMOUNTS FALLING DUE W￿H1N ONE YEAR
2025
2024
Trade debtors
other debtors
Prepayments
8,458
67,999
19,746
26,428
59,510
7,568
96,203
93,506
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
150
8,822
2,465
14,306
2,410
7,932
2,377
13,310
25,743
26,029
16.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
2025
2024
Within one year
Belween one and five years
10,212
10,952
9,570
11,100
21,164
20,670
Page 21
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS
Net
movement
in fvnds
Transfers
be￿een
funds
At
31.3.25
At 1.4.24
Unrestricted funds
General funds
Designated Funds
Designated Capital Assets
23.555
274,989
12,412
54,750
{42,763)
42,763
35,542
317,752
10,654
{1.758)
310.956
52.992
363,948
Restricted funds
Comic Relief- Housing Justi￿ Wales
Help End Homelessness
{1,846)
139
35.715
35,854
37,561
{1,707)
35,854
TOTAL FUNDS
348.517
51,285
399,802
Net movement in funds, included in the above are as follows..
Incoming
reSoUr￿S
ReSoUr￿S
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General funds
Designated Capital Assets
493.093
{456,343)
{1,758)
18,000
54,750
11,7581
493.093
{458.101)
18,000
52,992
Restricted funds
Comic Relief- Housing Justi￿ Wales
Help End Homelessness
15,397
71,935
{17,243)
{71,796)
11,8461
139
87,332
{89,039)
11,7071
TOTAL FUNDS
580,425
(547.140)
18,000
51,285
Comparatives for movement in funds
Nel
movement
in funds
Transfers
be￿een
funds
At
31.3.24
At 1.4.23
Unrestricled funds
General funds
Designated Funds
Designated Capital Assets
23,393
274,989
5,927
8.262
18,100}
23,555
274,989
12,412
(1,615)
8,100
304.309
6.647
310,956
Restricted funds
Comic Relief- Housing Justice Wales
Help End Homelessness
5,422
18.728
{3,576)
16,987
1,846
35,715
24,150
13.411
37,561
TOTAL FUNDS
328.459
20,058
348,517
Page 22
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, induded in the above are as follows..
Incoming
reSoUr￿S
Resources
expended
Gains and
losses
Movement
in funds
Unrestricled funds
General funds
Designated Capital Assets
464.101
{431,839)
{1,615)
{24,000}
8,262
11,6151
464.101
{433,454)
{24.000)
6,647
Restricted funds
Comic Relief- Housing Justi￿ Wales
Help End Homelessness
38,422
71,212
(41,998)
(54,225)
13,5761
16,987
109.634
(96,223)
13,411
TOTAL FUNDS
573,735
{529,677
(24,000)
20,058
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
belween
funds
At
31.3.25
Al 1.4.23
Unrestricted funds
General funds
Designated Funds
Designated Capital Assets
23.393
274,989
5.927
63,012
{50,863)
42,763
8,100
35,542
317,752
10,654
(3,373)
304,309
59.639
363,948
Restrieted funds
Comic Relief- Housing Justice Wales
Help End Homelessness
5,422
18.728
{5,422)
17,126
35,854
24.150
11.704
35,854
TOTAL FUNDS
328,459
71.343
399,802
A current year 12 months and prior year 12 months combined net movement in fvnds, included in the above are
as follows..
Incoming
reSoUr￿S
Resou￿$
expended
Gains and
losses
Movement
in fvnds
Unrestricted funds
General funds
Designated Capital Assets
957.194
{888,182)
{3,373)
16,000}
63,012
13,3731
957.194
(891.555)
{6,000)
59,639
Restricted funds
Comic Relief- Housing Justi￿ Wales
Help End Homelessness
53,819
143.147
159,241)
{126,021)
15,4221
17,126
196.966
{185,262)
11,704
TOTAL FUNDS
1,154.160
11,076,817)
16,000}
71,343
Page 23
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- Continued
Designated Funds
The designated funds are made up as follows-.
2025
2024
Net Running Costs
Closure Costs
Strategic Development Costs
Pension Scheme Costs
Contingency Fund
70,475
51,958
30,000
135,319
30,000
59,080
49,556
20,000
146,353
317,752
274,989
The net running costs represent over five months of the charity's expenditure, less membership fees.
Closure costs represent the total expenditure Ihat would be incurred in the event of the charity ceasing to
operate. The trustees have no cutrenl issues wth the going con￿rn of the charity but believe it is prudent to set
aside this amount.
Strategic development costs represents the ￿ndS set aside to help meet the charity's medium leTh strategic
plan.
Pension scheme costs represents funds set aside to help the charity meet the antiapated future losses in the
pension scheme.
Contingency fund is set aside to support the organisation in addressing unplanned extemal developments or
securing speaalist advice where needed.
18.
EMPLOYEE BENEFIT OBLIGATIONS
The Pensions Trust- Social Housing Pension Scheme (SHPSI
SHPS is a multi employer pension schemes which provides benefits to non- associated participating employers.
The scheme is classed as a defined benefit scheme in the UK The scheme is dassified as 'lasl man standing,
arrangement. Therefore eath employer is liable for olher participating employers, obligations if those employers
are unable to meet their share of the scheme defiryt following wthdrawal from the stheme.
Partiupating
employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on
wthdrawal from the scheme.
FRS 102 requires that an employer participating in a Defined Benefit scheme should recognise..
a liability for its obligations under the scheme net of scheme assets and
the net change in that liability during the accounting penod as the cost of the Deffined Benefit scheme during
the period
The amounts recognised in the Ststement of Finanryal Actiwties are as follows..
Defined benefit
pension plans
2025
2024
Current Servi￿ cost
Net interest from net defined benefit
assevliability
Past Servi￿ cost
17,000
17,000
17,000
17,000
Actual return on plan assets
Page 24
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
EMPLOYEE BENEFIT OBLIGATIONS - tontinued
Changes in the present value of the defined benefit obligation are as follows..
Defined benefit
pension plans
2025
2024
Opening defined benefit obligation
Interest cost
Expenses
Actuarial Igainslllosses from scheme
experience
Benefits paid
Remeasurements..
Actuarial Igainslllosses from changes in
demographic assumptions
Actuarial Igainslllosses from changes in
financial assumptions
347.000
17,000
2,000
346,000
17,000
2,000
12,000
14,000}
1,000
14,0001
13,0001
165,000)
112,000)
309.000
347,000
Changes in the fair value of scheme assets are as follows:
Defined benefit
pension plans
2025
2024
Opening fair value of scheme assets
Contributions by employer
Interest income
Benefits paid
Return on plan assets {exduding interest
income)
282,000
21,000
14,000
14,000}
290,000
20,000
14,000
14,0001
135,000}
138,0001
278,000
282,000
The amounts reeognised in other recognised gains and losses are as follow3".
Defined benefit
pension plans
2025
2024
Actuarial Igainslllosses from changes in
demographic assumptions
Actuarial Igainslllosses from changes in
financial assumptions
Return on plan assets {exduding interest
income)
3,000
65,000
12,000
135,000}
138,0001
30,000
123,000)
Page 25
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
EMPLOYEE BENEFIT OBLIGATIONS - tontinued
The major categories of scheme assets as amounts of total scheme assels are as follows..
Defined benefit
pension plans
2025
2024
Global Equrty
Absolute Retum
Credit Relative Value
Emerging Markets Debt
Risk Sharing
InSUran￿-Llnked Securities
Property
Infrastructure
Liquid Altematives
Secured Income
Liability Driven Investment
Other
31,000
28,000
11,000
9,000
4,000
17,000
1,000
11,000
29,000
14,000
51,000
5,000
84.000
93,000
8,000
115.000
49,000
278.000
282,000
Included in Other are the following types of assets.. Distressed Opportunities, Altemalive Risk Premia, Private
Debt, Opportunistic Illiquid credit, High Yield, Opportunistic Credit, Cash, Liquid Credit, Long Lease Property,
Currency Hedging and Net Current Assets.
None of the fair value of the assets shown include any direct investments in the employerfs own financial
instruments or any property occupied by. or other assets used by. the employer.
Principal actuarial assumptions at the Statement of Finanryal Position date lexpressed as weighted averages)..
2025
5.970/.
3.80°10
3.03/0
2024
4.940/,
3.80/0
3.07/0
Discount rale
Salary growth
RPI Inflation
CPI Inflation
The morality assumptions adopted at 31 March 2025 imply the following life expectancies".
Life expectancy at
age 65 {yearsl
20.5
23.0
21.7
24.5
Male retiring in 2025
Female retiring in 2025
Male retiring in 2045
Female retiring in 2045
The charity has been notified by the Trustee of the Scheme that il has perfomied a review of the changes made
to the Scheme's benefits over the years and the result is that there is un￿rtainlY surrounding some of these
changes. The Trustee has been advised to seek darification from the Court on these items. This prO￿sS is
ongoing and the matter is unlikely to be resolved before the end of 2024 at the earfiest. 11 is recognised that this
could potentially impact the value of Scheme liabilities, but until Court directions are re￿ived, il is not possible to
calculate the impact of this issue, parb'culady on an individual employer basis, wth any accuracy at this lime. No
adjustment has been made in these financial statements in respect of this potential issue.
Page 26
continued...

TAI PAWB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
19.
RELATED PARTY DISCLOSURES
During the year £250,181 was received from 6 organisalions where Tai Pav4b trustees are either trustees at
these olher organisations or hold positions of significant Influen￿ {2024 £248,259 was re￿iVed from 6
organisationsl . These fees were for membership subscriptions, training, consultancy and fees to attend
seminars. There was also grant income from the Welsh Govemment There were expenses of £270 paid to one
org8nisation12024." £nill
All transactions were conducted at an arms length basis.
20.
SHARE CAPITAL
The charitable company is limited by guarantee and as such has no share capital. In the event of the chantable
company being wound up, the liability of each member is limited to £1.
Page 27

TAI PAWB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
INCOME AND ENDOWMENTS
Investment income
Bank account interest
227
920
Charitable activities
mbership fees
Conference and other events
Grants
Consultancy fees
Training
87,766
12,095
386,669
13,210
67,198
83,196
13,110
395,764
63,839
566,938
555,909
Other income
Other income
13,260
16,906
Totsl incoming resources
580,425
573,735
EXPENDITURE
Charitable activities
Staff costs
Office rent
Insurance
Telephone
Postage and stationery
Advertising
Staff travel & subsistence
Conference staff attendan
Publication costs
IT & other equipment
Legal & professional
Training
Office overheads
Subscriptions
Event expenditure
Human resources support
Recruitment costs
QED costs
Away day
Amort of e-learning platfoThn
Amort of computer So￿are
Depn of computer equipment
397,083
6,660
1,562
2,594
899
9,509
4,973
3,625
5,210
12,726
19,113
36,598
640
3,889
14,852
4,534
2,758
138
1,268
2,025
392,185
6,192
1,228
2,802
811
6,313
3,667
1,230
4,600
19,226
19,554
35,540
3,510
12,449
3,900
545
992
169
975
471
2,403
533,059
516.359
Support costs
Finance
Bank charges
229
534
Support costs
Pension scheme operating cost
Auditors, remuneration
Auditors, remuneration for non audrt work
Interest on pension scheme liabilities
2,000
7,080
1,772
3,000
2,000
6,336
1,448
3,000
13,852
12,784
This page does not fomi part ofthe statutory finanaal statements
Page 28

TAI PAWB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Total resources expended
547,140
529,677
Net income
33,285
44,058
This page does not fomi part ofthe statutory finanaal statements
Page 29

Bevan Buckland - Tai Pawb Accounts 2025
Final Audit Report
2025-08-06
Created..
202&084J5
By..
Lisa Ruffell {1isa.ruffdl@bevanbu￿and.C0.ukI
Status..
Signed
Transaction ID..
CBJCHBCAABthGEYz7YfJ￿JkKddTH6jaAMLF1Vo_4p
"Bevan Buckland - Tai Pawb Accounts 2025" History
Document created by Lisa Ruffell {lisa.ruffell@bevanbuckland.co.uk)
2025-0&05- 12..31'.57 GMT
Document emailed to Sarah Prescott (spreSco￿ales@gma1l.cOm) for signature
2025-0&05- 12.'34'.55 GMT
Document emailed to nicola.jones@poblgroup.co.uk for signature
2025-0&05- 12.'34'.55 GMT
Email viewed by nicola.jones@poblgroup.co.uk
2025-08-05- 12.'35.'11 GMT
Email viewed by Sarah Prescott (sprescottwales@gmail.com)
2025-08-05- 17.'01'.59 GMT
Document e-signed by Sarah Prescott (sprescottwales@gmail.com)
Signature Date: 202&08-05- 17:02:38 GMT- Time Source: server
Signer nicola.jones@poblgroup.co.uk entered name at signing as N. Jones
2025-0&06- 06.'19'.26 GMT
Document e-signed by N. Jones (nicola.jones@poblgroup.co.uk)
Signature Date: 202&08-06- 06..19:28 GMT- Time Sourc*: server
Agreement completed.
2025-08-06- 06.'19'.28 GMT
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