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 2025 For Carmarthenshire People First HB Enoch & Owen Ltd Chartered Accountants and Chartered Tax Advisers I Spilman St Carrnarthen SA31 ILE
Carmarthenshire People First Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Note5 to the Financial Statements 9-12
Carmarthenshire People First (Registered Company Number 06288369) Report of the Trustees For the Year Ended 31 March 2025 The Trvstees, who are also directors of the charity for the purposes of Companies Act 2006, present their annual report with the Financial Statements of the tharity for the year ended 31 March 2025. 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 Finarbcial Reporting Standard FRS 102 leffettive l January 20151. STRUCTURE, GOVERNANCE AND MANAGEMENT Carmarthenshire People First is a registered charity and company limited by guarantee. It 15 coritrolled by its governing document. a deed of trust. Following an introductory meeting with the chair and chief executive offir, potential trustees are invited to attend a board meeting at which their application for membership is discussed. Both parties will consider the appointment and the decision will be ratified at the subsequent board meeting. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06288369 (England and Wales) Registered Charlty number 1126539 Reglstered office 16 Spilman St Carmarthen SA31 Iiy Dirertor5 SORice M J Cansdale NJ Miller A Edwards R McDougall The Directors also act as Trustees of the charity. Independent Examlner D Lowen FCA cfA HB Enoch & Owen Ltd I Spilman St Carmarthen SA31 ILE
Carmarthenshire People First (Registered Company Number 06288369) Report of the Trustees For the Year Ended 31 March 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees Iwho are also the directors 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 Standards. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, 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 consistently; observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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 ensure that the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. ON BEHALF OFTHE BOARD: Trustee Print Name Date: ..
Independent Examinees Report to the Trustees of Carmarthenshire People First (Registered Company Number 06288369) We report on the acco¥Jnts for the year ended 31 March 2025 set out on pages six to twelve. Resperti¥e responsibllltles of trnstees and examlners The charity's trustees (who are also the directors for the purposes of company lawl a responsible for the preparation of the accounts. The chariws trustees consider that an audit is not required for this year lunder Section 144121 of the Charities Act 2011 (the 2011 Actll arbd that an independent examination is required. Having satisfied ourselves that the charity is not subject to audit under company law and Is eligible for independent examination. it Is our responsibility to.. examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions gNen by the Charlty Commission lunder Section 14515llbl of the 2011 Act); and To state whether p3rticular matters have come to our attention. Basls of the independent examlners report Our examination was carried out in accordance with the General Directbons given by the Charlty Commission. An examination includes a review of the èccounting records kept by the charity arEd a comparison of the accounts presented with those fecords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you a5 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a'true and fair viev/ and the report is limited to those matters set out in the Statements below. Independent exarniners ststement In connection with our examination, no matter has come to our attention: Which gives us reasonable cause to belleve that in any material SpeCt the requirements.. to keep accounting recor(Is in accordance with Sertion 386 and 387 of the Companies Art 2006,. and to prepare accounts which accord with the accounting records, Comp with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and prlntiples of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or To whlch. in our opinion. a accounts to be reached. enti n should be drawn in order to enable a proper understanding of the D L Owen FCA H8 Enoch & Owen Ltd Chartered Accountants and Chartered Tax Advisers 1 Spilman St Carmarthen SA31 ILE IOLI
Carmarthenshire People First Statement of Financial Activities For the Year Ended 31 March 2025 Unrestricted Restricted Funds Funds Total Funds 2025 Total Funds 2024 INCOME AND EXPENDITURE Income and Endowments from Note Donations and legacie5 Trading Income 44,35S 2.270 315.196 359.551 2.270 303,442 2,574 Total income 46.624 315,196 361,820 306,016 Charitable Expendlture Charitable activities Management 26.308 8.795 26,308 32,736 320,987 263,372 312.192 35,103 312,192 347,295 296,108 Net movements in funds 11.521 3,004 14.525 9,908 Balances brought forward at 01 April 2024 -158,722 220,522 61.800 51,892 Balances carried forward at 31 March 2025 -147.201 2Z3,526 76,325 61,800 Continuing operation All of the company's activities loperationsl in the above two financial years derived from continuing operations.
Carmarthenshire People First Company Number 06288369 BALANCE SHEET AS AT 31ST MARCH 2025 Unrestrlrted Funds Restritted Funds Total Funds 2025 Total Funds 2024 Note CURRENT ASSETS Debtors Cash at bank and in hand 17,596 65,778 83,374 17,596 21,706 65,778 46,276 83,374 67,982 CREDITORS Amounts falling due within one year 7,049 7,049 6,181 CURRENT ASSETS 76,325 76,325 61,801 TOTAL ASSETS LESS CURRENT LIABIUTIES 76.325 76,325 61,801 NET ASSETS I LIABILITIES 76.325 76.325 61,801 FUNDS Unrestricted fund5 Restricted funds -147.201 -158,722 223.526 220,522 TOTAL FUNDS 76,325 61,800
Carmarthenshire People First Company Number 06288369 BALANCE SHEET AS AT 31ST MARCH 2025 Approval For the year ending 31 March 2025 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 companyto 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 subject to the small companies regime. These accounts were approved by the Board of Trustees on and were signed on their behalf by: IDLJ Trustee Print Name £b 16 IQL Trustee Print Name
Carmarthenshire People First Notes to the Financial Statements For the year Ended 31 March 2025 ACCOUNTING POLICIES Basis of Preparation of Financial Statements. The financial statements have been prepared in accordance with Companies Act 2006, as amended, and with applicable Accountaing Standards. The accounts have been prepared using section IA of FRS 102. Going Concern Basis of Accounting 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 appropriate. The financial statements show a surplus for this financial year. Income All income is recognised in the Statement of Financi31 Activities once the charity has entitlement to the funds, it is probable that the income will 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 reliably. 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 accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular purposes within 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 Financial Statements For the year Ended 31 March 2025 2025 2024 Total Donations and Legacies Unrestricted Restrlcted Total Donations Grants 4,600 36,950 2,805 44,355 4,600 3,574 352.146 286,612 2,805 13,256 359,551 303,442 315,196 Other income 315,196 Grant income during the period was made up a5 follows: 2025 Total 2024 Total 146,725 25,000 33,000 20,000 103,192 61.887 352,146 286,612 HDUHB & ICF Fund Lloyds Bank Mencap Awards for all Advocacy 190,954 25,000 33.000 2025 Total 2024 Total Tradlng Activities Unrestrirted Restrirted Generic trading 2.270 2,270 2,270 Z,270 2,574 2,574 Charitable Activitles Costs Direct Costs Support Costs Total Charitable activities Management 26,308 8,795 35,103 26,308 320,987 347.295 312,192 312,192 Trustees Remuneration. Expenses and Benefits No trustees, remuneration, expenses or other benefits were paid for the year ended 31 March 2025 {2024: Nil) io
Carmarthenshire People First Notes to the Financial Statements For the year Ended 31 March 2025 Staff Costs The average monthly number of employees during the year was as follows.. 2025 15 2024 13 Administrative Debtor5: Amounts Falllng Due Wlthln One Year 2025 2024 Trade debtors 17,596 17.596 21,706 21,706 Creditors: Amounts Falling Due Within One Year 2025 2024 Social Security and other taxes Creditors Accruals and deferred income 4,359 1,400 1.290 7.049 3,628 1,299 1,254 6.181 Movement in Funds Funds at 01104/2024 Net movement in funds Fund5 at 31/0312025 Unrestricted Funds Restricted Funds Total Funds -158.722 220,522 61.800 11,521 3,004 14,525 -147,201 223,526 76,325 Net movements in funds is made up as follows: Incoming resources Resources expended Movement in funds Unrestricted Funds Restricted Funds Total Funds 46,624 315.196 361,820 -35,103 -312.192 -347,295 11,521 3,004 14,525 io Related Party Dlsclosures There were no related party transattions during the year ended 31 March 2025 (2024:Nill. li
Carmarthenshire People First Detailed Statement of Financial Activities For the Year Ended 31 March 2025 INCOME AND ENDOWMENTS 2025 2024 Donations and legacies Donations Grants Other income 4,600 3,574 352,146 286,612 2,805 13,256 359,551 303,442 Tradlng actlvltles Generic trading 2,270 2,270 2,574 2,574 Total Incomlng resources 361,820 306,016 EXPENDITURE 2025 2024 Unrestricted Restricted Charitable act•vitie5 Wages Other costs Staff and volunteer expenses Travel and subsistence Training 8.795 217,000 225,795 198,106 22,292 22.292 22,402 1,070 3,477 1,304 2.946 15,946 9,030 702 411 2.407 13,000 702 35.103 233.109 268,212 231.253 Support Costs Rent, rates and utilitie5 Insurance Refreshments Telephone Postage and stationery Promotional 20.629 614 1,510 6.757 715 6.600 20,629 614 1.510 6,757 715 6.600 19.833 1,327 1.093 6,732 481 150 E]Ll Sundry costs Bank charges Equipment, repairs and renewals & hire Bookkeeping Accountancy Legal, professional & subscription fees 2,130 72 8.276 26,470 1.290 4.019 79.083 2,130 72 8,276 26,470 1,290 4,019 79,083 1,142 149 2,912 26.470 1,254 3.312 64,855 Total outgolng resources 35,103 312.192 347,295 296,108 2025 2024 Net Surplus / IDefectt) 14.525 9,908 12