REGISTERED COMPANY NUMBER: 06288369 (England and Wales) REGISTERED CHARITY NUMBER: 1126539 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 For Carmarthenshire People First HB Enoch & Owen Ltd Chartered Accountants and Chartered Tax Advisers I Spilman St Camnarthen SA31 ILE Carmarthenshire People First Contents of the Flnanclal Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-12 Carmarthenshire People First (Registered Company Number 06288369) Report of the Trustees For the Year Ended 31 March 2024 The Trustees, who are also directors of the charity for the purposes of Companies Act 2006. present their annual report with the Financlal Statements of the charity for the year ended 31 Marth 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102 {effective l January 20151. STRucfuRE. GOVERNANCE AND MANAGEMENT Carmarthenshire People First is a registered charity and company limited by guarantee. It is controlled by Its goveming document, a deed oftrust. Following an introductory meeting with the chair and chief executive officer, potential trustees are Invlted to attend a board meeting at which thelr applicatlon for membership is discussed. Both partie5 will consider the appointment and the decislon will be ratified at the subsequent board meeting. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 06288369 (England and Wales) Re￿Stered Charity number 1126539 Registered offlce 16 Spilman St Carmarthen SA31 IJY Dlrecttxs SORice D E Williams NJ Miller A Edwards R McDougall The Dlrectors also act as Trustees of the charity. IndependÈnt Examiner D L Owen FCA CTA HB Enoch & Owen Ltd I Spilman St Carmarthen SA31 ILE Carmarthenshire People First (Reglstered Company Number 06288369) Report of the Trustees For the Year Ended 31 March 2024 STATEMENT OF TRUSTEES RESPONSIBILMES The trustees {who are also the dlrector5 of Carmarthenshire People First for the purposes of company lawl are responsible for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standard5. Company law requires the trustees to prepare financial statements for each financial year which give true and fair view of the state of affairs of the charitable company and of the incoming resources and application of re50urce5, including the income and expenditure, of the charitable company for that period. In preparin8 those financial statements. the trustees are required to select suitable accounting pollcies and then apply them consistently; observe the methods and prfnciples in the Charity SORP" make judgements and estimates that are reasonable and prudent. prepare the financial statements on the goin8 concern basls unless it is inapproprlate to presume that the charltable company will continue in buslness. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensu that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and for takin8 reasonable steps for the prevention and detection of fraud and other irregularitie5. The trustees are responsible for the maintenance and integrity of the corporate and financlal Information included on the charitable company's website, ON BEHALF OF THE BOARD: Trustee Prlnt Name Dat 24/ k Independent Examinerfs Report to the Trustees of Carmarthenshire People Flrst {Re8iStered Company Number 06288369) We report on the accounts for the year ended 31 March 2024 set out on pages six to twelve. Respectlve respon5ibilltles of trustees and examlfters The charity's trustee5 (who are also the direttors for the purposes of company lawl are responsible for the preparation of the accounts. The tharity's trustees considerthat an audit is not required forthis year lundersection 144121 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. Having satisfied ourselves that the charity is not subject to audit undercompany law and is ellglble for independent examination, it15 our responsibility to= examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given bythe Charlty Commission (under Section 14515llbl of the 2011 Artl: and To state whether particular matters have come to our attention. Basls ol the Independent examlners report Our examination was carried out in accordance with the General Dirertions given by the Charity Commission. An examination includes a review of the accounting retords kept by the charity and a comparlson of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the attounts, and seeking explanations from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is glven as to whether the accounts present a 'true and fair vie and the report is limited to those matters set out in the statements below. Independent examiners statement In connection with our examlnation, no motter has come to our attentlon: Whlch 8ive5 us reasonable cause to belleve that in any material respect the requirements,. to keep attounting records in accordance with Settion 386 and 387 of the Companies Act 2006: and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companie5 Act 2006 and with the methods and principles of the Ststement of Recommended Practice: Accountlng and Reporting by Charities have not been met: or • To which. in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. D L Owen FCA CTA HB Enoch & Owen Ltd Chartered Accountants and Chartered Tax Advisers I Spilman St Carmarthen SA31 ILE Date.. Is.g. loLY Carmarthenshire People First Statement of Financial Actlvities For the Year Ended 31 March 2024 Unrestrlcted Restrirted Funds Funds Total Funds 2024 Total Funds 2023 INCOME AND EXPENDITURE Income and Endowments from Note Donatlons and legacles Trading Income 64,597 2,574 238,845 303,442 258,￿3 2,574 Totsl income 67,171 238,845 306,016 258,003 Charitable Expendlture Charitable activltles Mana8ernent 32,736 198,106 32,736 31.425 65,266 263,372 239.185 230,842 65,266 296,108 270,610 Net movements in funds -163,671 173.579 9,908 -12.607 Balances brought forward at 01 April 2023 4,949 46,943 51,892 64,499 Balances carrled forward at 31 March 2024 -158,722 220.522 61.800 51.892 Continulng operation All of the company's a¢tivitie5 loperations} in the above two financlal years derived from continuing operations. Carmarthen5hire People First Company Number 06288369 BALANCE SHEET AS AT 31ST MARCH 2024 Unrestrfcted Funds Restrlrted Funds Total Funds 2024 Total Funds 2023 Note CURRENT ASSETS Debtor5 Cash at bank and in hand 21,706 46,276 67,981 21,706 40,464 46,276 12,682 67,981 53,146 CREDrroRS Amounts falllng due within one year 6,181 6,181 1.254 NET CURRENT ASSETS 61.800 61.800 51,892 TOTAL ASSEfs LESS CURRENT LIABILITIES 61.800 61,8￿) 51,892 NEf ASSEf51 LIA81LITIES 61.800 61,800 51,892 FUNDS Unrestricted funds Restricted funds -158,722 220.522 4.949 46,943 TOTAL FUNDS 61,800 51.892 Carmarthenshire People First Company Number 06288369 BALANCE SHEET AS AT 31ST MARCH 2024 Approval For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared In accordance with the provisions applicable to companies subjectto the small companies regime. These accounts were approved by the Board of Trustees on and were signed on their behalf by: 5IMoV RI6 Trustee Print Name Trustee Print Name Carmarthenshire People First Notes to the Financial Statements For the year Ended 31 March 2024 ACCOUNTING POLICIES Basis of Preparation of FinancFal Statements. The financial statements have been prepared in accordance with Companies Act 2006, as amended, and with appllcable Accountsing Standards. The accounts have been prepared using section IA of FRS 102. Golng Concern Basis ot Accountlng The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern, which the trustees consider approprlate. The financial statements show a surplus for this financial year. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fund5, it is probable that the income wlll be received and the amount can be measured reliably. 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 that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliablv. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Taxation The charitable company Is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular purposes wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes. Carmarthenshire People First Notes to the Financlal Statements For the year Ended 31 March 2024 2024 Total 2023 Total Donations and Legacles Unrestrlcted Restricted Donations Grants Other income 3,574 47,767 13.256 64,597 3,574 6.613 286,612 218.241 13,256 33.150 303,442 258,004 238,845 238.845 Grant income during the period was made up as follows: 2024 2023 Total Totsl 146,725 127,498 8,300 10,184 7,281 23.608 HDUHB & ICF Fund Community Matters Tuesday Night Club SOVA CCCTraining Grant Lloyds Bank Mencap Awards for all Advocacy 25,000 33,000 20,000 61.887 41.370 286,612 218.241 2024 Total 2023 Totsl Tradlng Actlvlties Unrestrlcted Restrlcted Generic trading 2,574 2,574 2,574 2,574 Charitable Actlvltles Costs Dirert costs Support costs Totsl Charitable activities Mana8ement 32,736 198,106 230,842 32.736 263,372 296,108 65.266 65,266 Trustees Remuneratlon. Expenses and Beneffts No trustees, remuneration. expenses or other beneflts were paid for the year ended 31 March 2024 12023: Nil} io Carmarthenshire People First Notes to the Financlal Statements For the year Ended 31 March 2024 Staff Costs The average monthly number of employees during the year was as follows: 2024 13 Administrative 2023 14 Debtors: Amounts FalllnE Due Wlthin One Year 2024 2023 Trade debtors 21,706 21,706 40,464 40,464 Creditors: Amounts Falling Due Withln One Year 2024 2023 Social Securlty and other taxes Credltors Accruals and deferred income 3,628 1,299 1,254 6,181 1,254 1.254 Movement In Funds Funds at 0110412023 Net movement Funds at in funds 31/0312024 Unrestricted Funds Restricted Funds Total Funds 4,949 46,943 51,892 -163,671 173,579 9,908 -158.722 220,522 61.800 Net rnovements in funds is made up as follows: Incoming resources Resources expended Movement in funds Unrestrirted Funds Restricted Funds Total Fund5 67,171 238,845 306,016 -230,842 -65,266 -296,108 -163,671 173,579 9,908 10 Related Party Dlsclosures There were no related party transactlons during the year ended 31 March 2024 (2023:Nill. li Carmarthenshire People Flrst Detalled Statement of Financlal Activities For the Year Ended 31 March 2024 INCOME AND ENDOWMENTS 2024 2023 Donations and lega