**REGISTERED COMPANY NUMBER: CE029437 (England and Wales) REGISTERED CHARITY NUMBER: 1129612**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2024**
**for**
**CWM TAF PEOPLE FIRST**
James de Frias Chartered Accountants Llanover House Llanover Road Pontypridd Rhondda Cynon Taff CF37 4DY
**CWM TAF PEOPLE FIRST**
## **Contents of the Financial Statements for the Year Ended 31 March 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|13|
|**Detailed Statement of Financial Activities**||14||
**CWM TAF PEOPLE FIRST**
## **Report of the Trustees for the Year Ended 31 March 2024**
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 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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The organisation changed its name from RCT People First to Cwm Taf People First (effective from 7th October 2022).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The vision is to empower people with a learning disability to challenge prejudice and discrimination.
The mission is to increase awareness about the importance of equality and rights through training, education and support.
The principal activity of the charity is to challenge discrimination against people with a learning disability and ensure that people with learning disabilities:-
- have a say in decision - Locally, Regionally & Nationally, particularly where these decisions have a direct impact on people's lives.
- have a voice, choice & control over their lives
- are kept informed about issues that are important to them.
- have their own independent organisation to protect their interests.
- rights & interests are upheld
- have opportunities to develop their self advocacy skills
- are involved in co-producing and co-designing current and future health & social care services - are provided with opportunities to build their confidence & self esteem
- have accessible information
To make sure people outside the organisation:-
- learn about, and see, the importance of people with learning disabilities having a say - provide information in accessible formats
- involve people with learning disabilities in a meaningful way
## **Strategic Objectives**
To relieve and support people with a learning difficulties living and working primarily, but not exclusively in the Rhondda Cynon Taff area through services which enable people with learning difficulties to obtain their full rights and privileges as citizens and to advance the education of the general public about the educational , physical, emotional and psychological needs of people with learning difficulties and to advance and promote education of all people with learning difficulties through training, workshops and group work.
Membership of the organisation is open to any person (over the age of 18) with a learning disability living across Cwm Taf, Blaenau Gwent & Torfaen.
Page 1
**CWM TAF PEOPLE FIRST**
**Report of the Trustees for the Year Ended 31 March 2024**
## **ACHIEVEMENT AND PERFORMANCE Achievement and Performance**
## **Projects:**
What Matters to me is a co-productive approach to shaping service priorities for people with learning disabilities working in partnership with Cwmtafmorgannwg Regional Partnership Board
Safe Places - A Safe Place offers help if someone is anxious, scared or at risk while they are out and about and need support. There are 13 safe places up & running RCT
Stepping out into Nature - Stepping out into Nature learning about Climate Change and our nature environment and how we can all play a part in protecting and preserving.
My Day My Way - Looking at What Makes a Meaningful Day for people with learning disabilities
Vision, Inclusion, Voice, Advocacy Glaston-Maerdy festival was held bringing together over 230 people with learning disabilities, Health & Social Care Professionals
Health
Health Champions - Access to annual health checks, Training medical professionals and students
Transport -Engaging with public transport providers to provider better services for people with learning disabilities
Housing: working with partners to explore housing options for the future
Respite Care: Working with partners to explore modern respite care options
Communication
The Virtual World - Providing Ipads to navigate the virtual world Easy read - Providing information in an easy read format Illustrations - Capturing & Providing illustrative information
Putting Self Advocacy back on the agenda Developing Self Advocacy across Torfaen
Impact:
300 medical professionals / students trained 250 meetings & events attended
7 Events delivered 200 members supported 5 team days 1 x festival delivered 1 x award investing in volunteers
In terms of changes members told us:.
"illustrations made by People First has helped them to explore how to change services"
"Volunteers feel valued and involved in the organisation"
"Being employed by the organisation helps boost their confidence and helps them learn new skills"
## **FINANCIAL REVIEW**
## **Public benefit**
The trustees have complied with their duty to have due regard to the guidance on public benefit as detailed by the charities commission.
Page 2
**CWM TAF PEOPLE FIRST**
**Report of the Trustees for the Year Ended 31 March 2024**
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity's income amounted to £457,364 (2023: £432,134). The charity's assets are available and adequate to fulfil its obligations on a fund by fund basis.
There were no changes in accounting policy during the year. Details of the Company's accounting policies can be found in note 1.
The total balance of all funds at 31 March 2024 amounted to £396,818 (2023: £309,950).
The balance of restricted funds at 31 March 2024 was £332,895 (2023: £270,832).
The balance of unrestricted funds at 31 March 2024 was £63,923 (2023: £39,118).
The charity now has insufficient funds to hold a contingency fund (2023: £Nil).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
The organisation will:
- advertise through newsletters, flyers, posters and newspapers for all new trustees.
- interview all potential trustees.
- make background checks before offering appointments.
## **Organisational structure**
Cwm Taf People First board of trustees is responsible for overseeing the management of the Charity and delegates this responsibility on a day to day basis to the management of the centre.
The financial statements comply with current statutory requirements and the Statement of Recommended Practice - Accounting and reporting by charities.
## **Induction and training of new trustees**
All new trustees will be expected to complete management and trustee training which the organisation will prepare and organise.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE029437 (England and Wales)
## **Registered Charity number**
1129612
## **Registered office**
C/O Arts Factory Ltd, Trerhondda
The Strand Ferndale Rhondda Cynon Taff CF43 4LY
Page 3
**CWM TAF PEOPLE FIRST**
**Report of the Trustees for the Year Ended 31 March 2024**
## **Trustees**
Mrs E Honeyman Trustee Mrs R J Chick Trustee Ms L Evans
The Executive Committee members are elected on an annual basis.
The Charity was established by Trust Deed dated 15th December 2008 and is registered with the Charity Commission, Number 1129612.
Cwm Taf People First is an independent charitable voluntary organisation, set up, run by, and for, adults with a learning disability who live within or receive a service from Rhondda Cynon Taff Council.
## **Company Secretary**
## **Independent Examiner**
Darren Bowden FCA James de Frias Chartered Accountants Llanover House Llanover Road Pontypridd Rhondda Cynon Taff CF37 4DY
**28/10/2024**
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Ms L Evans - Trustee
Page 4
**Independent Examiner's Report to the Trustees of Cwm Taf People First**
## **Independent examiner's report to the trustees of Cwm Taf People First ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Darren Bowden FCA The Institute of Chartered Accountants in England and Wales
James de Frias Chartered Accountants Llanover House Llanover Road Pontypridd Rhondda Cynon Taff CF37 4DY
Date: .............................................
Page 5
**CWM TAF PEOPLE FIRST**
## **Statement of Financial Activities for the Year Ended 31 March 2024**
|**31.3.24**
Unrestricted
Restricted
**Total**
funds
fund
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Charitable Activities
2
**27,030**
**430,334**
**457,364**
**EXPENDITURE ON**
**Charitable activities**
General
**2,225**
**368,271**
**370,496**
**NET INCOME**
**24,805**
**62,063**
**86,868**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**39,118**
**270,832**
**309,950**
**TOTAL FUNDS CARRIED FORWARD**
**63,923**
**332,895**
**396,818**|31.3.23
Total
funds
£
432,134
396,667
35,467
274,483|
|---|---|
||309,950|
The notes form part of these financial statements
Page 6
**CWM TAF PEOPLE FIRST**
## **Balance Sheet**
## **31 March 2024**
|Unrestricted
Restricted
funds
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
**-**
**49,397**
**CURRENT ASSETS**
Cash at bank and in hand
**63,923**
**283,840**
**CREDITORS**
Amounts falling due within one year
8
**-**
**(342)**
**NET CURRENT ASSETS**
**63,923**
**283,498**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**63,923**
**332,895**
**NET ASSETS**
**63,923**
**332,895**
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**31.3.24**
**Total**
**funds**
**£**
**49,397**
**347,763**
**(342)**
**347,421**
**396,818**
**396,818**
**63,923**
**332,895**
**396,818**|31.3.23
Total
funds
£
55,745
258,697
(4,492)
254,205
309,950
309,950|
|---|---|---|
|||39,118
270,832
309,950|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on **28/10/2024** ............................................. and were signed on its behalf by:
............................................. L Evans - Trustee
The notes form part of these financial statements
Page 7
**CWM TAF PEOPLE FIRST**
## **Notes to the Financial Statements**
## **for the Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
Grants are recognised in full in the statement of financial activities in the year in which they are receivable. Grants received which are clearly specified for a future accounting period are shown as deferred.
## **Expenditure**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of Staff time
Expenditure represents amounts disbursed in furtherance of the principal objects of the charity, and is allocated between direct charitable expenditure and administrative expenditure on an actual basis.
## **Allocation and apportionment of costs**
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management and administration costs, and support costs.
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity.
Restricted fund overspends are covered by transfers from the unrestricted funds.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
## **Taxation**
The charity 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 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 statements.
Page 8
continued...
**CWM TAF PEOPLE FIRST**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. CHARITABLE ACTIVITIES**
|**CHARITABLE ACTIVITIES**|||
|---|---|---|
|Other Income
Grants|**31.3.24**
**£**
**4,718**
**452,646**
**457,364**|31.3.23
£|
|||2,779
429,355
432,134|
Grants received, included in the above, are as follows:
||**31.3.24**|31.3.23|
|---|---|---|
|Blaenau Gwent County Council|**33,171**|49,706|
|Rhondda Cynon Taff County Borough Council|**81,346**|148,451|
|Interlink Vol factor Grant|**2,270**|1,400|
|Merthyr Tydfil CBC|**19,656**|14,794|
|VAMT|**2,125**|-|
|All Wales People First|-|765|
|Cardiff People First|**-**|1,104|
|Cwm Taf UHB - Our Voice Matters Project|**72,621**|113,938|
|Cwm Taf UHB - What Matters to me Project|**75,000**|-|
|Hodge Foundation|-|14,036|
|Post Code Lottery|**24,682**|23,627|
|USW|-|2,500|
|Torfaen CBC|**10,000**|220|
|WCVA|-|1,042|
|National Lottery Heritage|**9,135**|33,522|
|Freshwater UK|-|4,000|
|Lloyds Bank Foundation|**25,000**|2,250|
|National Lottery Community Fund|**90,418**|13,000|
|Community Foundation in Wales|-|5,000|
|GAVO|**5,722**|-|
|Ty Cerydd|**1,500**|-|
||||
||||
||**452,646**|**429,355**|
||||
||||
Page 9
continued...
**CWM TAF PEOPLE FIRST**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **3. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**31.3.24**|31.3.23|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**11,401**|13,628|
|Other operating leases|**8,000**|10,000|
||||
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Administrative staff|||**31.3.24**
**6**||31.3.23
6|
|---|---|---|---|---|---|
|No employees received emoluments in excess of £60,000.||||||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**|||||
|**INCOME AND ENDOWMENTS FROM**|Unrestricted
funds
£||Restricted
fund
£||Total
funds
£|
|Charitable Activities||8,640|423,494||432,134|
|**EXPENDITURE ON**||||||
|**Charitable activities**||||||
|General||1,492|395,175||396,667|
|**NET INCOME**||7,148|28,319||35,467|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward|31,970||242,513||274,483|
|**TOTAL FUNDS CARRIED FORWARD**|39,118||270,832||309,950|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 10
continued...
**CWM TAF PEOPLE FIRST**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **7. TANGIBLE FIXED ASSETS**
|**7.**|**TANGIBLE FIXED ASSETS**|||
|---|---|---|---|
||||Fixtures|
||||and|
||||fittings|
||||£|
||**COST**|||
||At 1 April 2023||**107,008**|
||Additions||**5,053**|
||At 31 March 2024||**112,061**|
||**DEPRECIATION**
At 1 April 2023
Charge for year||**51,263**
**11,401**|
||At 31 March 2024||**62,664**|
||**NET BOOK VALUE**
At 31 March 2024||**49,397**|
||At 31 March 2023||55,745|
|**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Accrued expenses|**31.3.24**
**£**
**-**
**-**
**342**|31.3.23
£
2
4,148
342|
|||**342**|4,492|
|**9.**|**MOVEMENT IN FUNDS**|||
|**MOVEMENT IN FUNDS**||
|---|---|
|**Unrestricted funds**|Net
movement
At
At 1.4.23
in funds
31.3.24
£
£
£|
|Unrestricted|**39,118**
**24,805**
**63,923**|
|**Restricted funds**||
|Restricted|**270,832**
**62,063**
**332,895**|
|**TOTAL FUNDS**|**309,950**
**86,868**
**396,818**|
|Net movement in funds, included in the above are as follows:||
|**Unrestricted funds**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£|
|Unrestricted|**27,030**
**(2,225)**
**24,805**|
|**Restricted funds**||
|Restricted|**430,334**
**(368,271)**
**62,063**|
|**TOTAL FUNDS**|**457,364**
**(370,496)**
**86,868**|
Page 11
continued...
**CWM TAF PEOPLE FIRST**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **9. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 1.4.22
£
31,970
242,513
274,483|Net
movement
in funds
£
7,148
28,319
35,467|At
31.3.23
£
39,118
270,832
309,950|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
8,640
423,494
432,134|Resources
Movement
expended
in funds
£
£
(1,492)
7,148
(395,175)
28,319
(396,667)
35,467|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 1.4.22
£
31,970
242,513
274,483|Net
movement
in funds
£
31,953
90,382
122,335|At
31.3.24
£
63,923
332,895
396,818|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
35,670
853,828
889,498|Resources
Movement
expended
in funds
£
£
(3,717)
31,953
(763,446)
90,382
(767,163)
122,335|
|---|---|---|
Page 12
continued...
**CWM TAF PEOPLE FIRST**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 13
**CWM TAF PEOPLE FIRST**
**Detailed Statement of Financial Activities for the Year Ended 31 March 2024**
|**INCOME AND ENDOWMENTS**
**Charitable Activities**
Other Income
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Rent
Insurance
Telephone, postage, stationery
Courses and training costs
Travel costs
**Support costs**
**Other**
Fixtures and fittings
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|31.3.24
31.3.23
£
£
**4,718**
2,779
**452,646**
429,355
**457,364**
432,134
**457,364**
432,134
**203,700**
218,904
**14,889**
17,548
**14,968**
16,521
**8,000**
10,000
**2,461**
2,022
**25,223**
31,903
**61,876**
56,665
**25,963**
27,477
**357,080**
381,040
**11,400**
13,629
**2,016**
1,998
**370,496**
396,667
**86,868**
35,467|
|---|---|
This page does not form part of the statutory financial statements
Page 14