REGISTERED COMPANY NUMBER: CEO294371England and Wales) REGISTERED CHARITY NUMBER.. 1129612 of Ihe Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for CWM TAF PEOPLE FIRST James de Frias Chartereij Accountants Llanover House Llanover R08d Pontypridd Rhondda Cynon Taff CF37 4DY
CWM TAF PEOPLE FRST Contents of the Financial Staternents for the yp.ar Ended 31 March 2025 Page Report of the Trustees Independènt Examinerfs Report Statement of Flnaneial Activities Balance Sheet Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Activities 14
CWM TAF PEOPLE FIRST ort of the Trustees for the Year Ended 31 March 2025 The trustees who are also directors of the tharity for the purposes of the Companies Act 2006. present their report wlh 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.. Sialement of Recommended Practice applicable to charities preparing their accounts in accordance wlh the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 20191. OBJECTIVES AND ACTNMES Objectlve5 and aims The vision is to empower people with a leaming disability lo challenge prejudice and discNmination. The mission is lo increase awareness about the IMpanCe of equality 8nd rights through training. eilucation and support. The prinupal activity of the charity is lo thallenge discrimination against people with a leaming disabilty and ensure that people with leaming disabililies'.- -have a say in decision Localty, Regionalty & National, particularly where these decisions have a direct impact on people's lives. have a voice, Choi & control over their lives are kept informed about issues that are irnportanl lo them. have their own independent organisation lo protect their interests. rights & interests are upheld have opportunities to develop their self advocacy skills are involved in co-produung and co-designing 1rrent and ftjknre health & social care services are provided with opportunities to build their confidence & self esteem have accessible infonT)aticn To make sure people outside the organisation.. leam 8bout, and see, the importance of people with leaming disabilities having a say provide informatlDn in accessible formats involve people with learning disabilities in a meaninglul way Strategic Objectives To relieve and support people with a reaming difficulties limng and working primarily, but not exdusively in the Rhondda Cynon Tgff area through seMce8 which enable people with leaming difficuities to obtsin their full rights and privileges as citizens and to advance the edurakn'on of the general public about the educational physical, emolional and psychdogiGal needs of people with leaming difficulties and to advance and promote education of al people with leaming difficutties through training, workshops and group wo. Membership of the organisation is open to any person (over the age of 18) with a learning disabilty living across Blaenau Gwent, Merthyr, Rhondda Cynon Taf, Torfaen Page 1
CWM TAF PEOPLE FIRST ort of the TNstees for th Year En d31Ma h 2025 ACHIEVEMENTS AND PERFORMANCE Achievement and Perfomiance Projects.. What Matters to me is a co-productive approach to shaping service priorities for people with leaming disabilities working in partnership with Cwmlafmorgannwg Regional Partnership Board and 200 members 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 25 safe places up & running in all Libraries auoss RCT with 50 scheme members 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 presemng. Vision, Indusion, Voice. Advocacy festival was held bringing together over 270 people with leaming disabilities to ensure freedom of expression, meet and make new friends, celebrate the leaming disability communty, create opportunrties for stakeholder to ty and lest out new models of engagement My rights & Me - exploring human. Rights for people with leaming disabilities and developing a "A game of Rights. My Brilliant Life - Exploring Change for a better future This is me - Friendships and relationships Self Advocacy - Song writing Codi Llais Season 2 An Inlergeneration Choir driven by people with leaming disabilities, 2 original Welsh songs produce together wth the Joumey of Indusion and showcased at the National Eisteddfod 3 events with 40 young people on Self-advocacy. how to get their voices heard and bring about i*>ange, Human Rights ,Hate Crime and M31e Crime, Keeping safe communities Impact.. 10 people with leaming disabilities Èmployed 10 people with learning disabilits'es vcdunleering 300 medical professionals I slLJdents trained 250 meetings & events attended 4 Events delivered 300 members supported 1 x festival delivered In tenms of changes members told us... "illustrab'ons made by People First has helped them to understand what they and others have said" 'Volunleers feel valued and involved in the organisalion" "Being employed by the oryanisalion helps boost their confidence and helps them leam new skills" FINANCIAL REVIEW Public benefit The trustees have c()mplied with their duty to have due regard to the guidance on public benefit as detailed by the charities commission. Reserves policy The charity's income amounted to £387,558 {2024'. £457,364). The charitvs assets are aVailae and adequate to fulfil its obligations on a fund by fvnd basis. There were no changes in accounting policy during the year. Details of the Company's attounting policies can be found in note 1. The lolal balance of all funds at 31 March 2025 amouthed to £350,912 (2024= £396,818). The balance of restricted funds at 31 March 2025 was £291,407 {2024.. £332.895). The balance of unrestricted fijnds al 31 March 2025 was £59,505 {2024: £63,923). The chartty now has insufficient funds lo hold a contingency fvnd (2024.. £Nill. Page 2
CWPI TAF PEOPLE FIRST ort of the Trustees ar Ended 31 March 2025 for the Y STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. RecNitment and appointment of new trustees The organisation will.. - adverbse throLJgh newsletters, liyers, posters and newspapers for all new tnjstees. interview all potential Iruslees. - make background checks before offering appointments. Organisational strncture 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 cenlre. The financial ststements comply with current statutory requirements and the Statement of Recommended Practice Accounting and reporting by charities. Induction and training of new trustees AJI new trustees I1[ be expected to complete management and trustee training which the organisation wll prepare and organise. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE029437 (England and Wales) Reglstered Charlty number 1129612 Registered office CIO Atts Factory Lld, Trerhondda The Slrand Femdale Rhondda Cynon Taff CF43 4LY Trustees Mrs E Honeyman Trustee Mrs R J Chick Truslee Ms L Evans The Executive Committee members are elected on an annual basis. The Charity was esiablished by Trust Deed dated 15th December 2008 and is registered th the Charity Commission, Number 1129612. LM Taf People First is an independent charitable voluntary organisalion. set up. run by, and for, adults with a learning disability who live within or receive a Servi from Rhondda Cynon Taff Council. Company Secretary Independent Examiner Daen Bowden FCA James de Frias Chartered Accountants Llanover House L12nover Road Pontypridd Rhondda Cynon Taff CF37 4DY 28th October 2025 Approved by order of the board of Injstees on ............................................. and signed on tts behaff by: Page 3
CWM TAF PEOPLE FIRST ort of the Trustees he Year Ended 1 March 2025 for Ms L Evan5- Trustee Page 4
Inde ndent Examlnerfs Re Cwm Taf Peo ort to the Trustees of le First Independent examIneS report to the twstees of Cwm Taf People First rthe CompanVI I report lo the charity trustees on my examinalion of the accounts of the Company for the year ended 31 Marth 2025. Responslbllities and basis of report As the charity's tnjstees of the Company (and also its directors for the PUTposes of company lawl you are responsible the preparation of the acciMJnts in accordan with the requirements of the Companies Act 2006 nhe 2006 Act'l. Having satisfied myself that the accounts of the Comparsy are nol 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 Charits'es Act 2011 (Ihe 2011 ACVI. In carrying out my examination I have folk)wed the Directions given by the Charity Commission under Section 145151 (bl of the 2011 Act. Independent examinerfs statement Since your chaiity's gross income exceeded £250.000 your examiner must be a member of a listed body. I rAn confin that l am qualified to undertake the examinalion because l am a member of the Institute of Chartered Accountants in England 2nd Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination gtving me G3use to believe.. acrx)unling records were not kept in respect of the Company as required by Section 386 of the 2006 Act.. or the accounts do not accord with those records- or the accounts do not comply with the accountsng requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true 2nd fair view which is not a matter considered as part of an indepenclent examination,. or the accounts have not been prepared in 8c¢ordance wth the methods and principles of the Statement of Recommended Praclice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Finanoal Reporbng Standard applicable in the UK and Republic of Ireland (FRS 1021). I have no concems and have come across no other matters in connection with the examination to which attention should be dram in this report in order lo enable a pmper understanding of the accounts to be reached. Daen 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 Mar h 2025 31.3.25 Totsl funds 31.3.24 Total fijnds Unrestiicted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Charitable Activities 37,577 349,981 387.558 457,364 EXPENDITURE ON Charitable activities General 41.995 391,469 433.464 370.496 NET INCOMEIIEXPENDrruRE) (4,4181 (41.488) (45.9061 86.868 RECONCILIATION OF FUNDS Total ftjnds brougm forward 63.923 332,895 396,818 309,950 TOTAL FUNDS CARRIED FORWARD 59.505 291,407 350,912 396,818 The notes fomi part of these financial statements Page 6
CWM TAF PEOPLE FIRST Balance Sheet 31 March 2025 31.3.25 Total funds Unreslricted funds Restricted fund Total fvnds Notes FIXED ASSETS Tangible a55els 43,560 43,560 49,397 CURRENT ASSETS Cash at bank and in hand 59,505 248.190 307,695 347.763 CREDITORS Amounts falling du8 Wlthin one y8ar (343) (3431 (342) NET CURRENT ASSETS 59,505 247,847 307,352 347,421 TOTAL ASSETS LESS CURRENT LIABiufiES 59,505 291,407 350,912 396.818 NET ASSETS 59,505 291,407 350.912 396.818 FUNDS Unrestncted funds Restmcted funds 59,5QS 291,407 63,923 332.895 TOTAL FUNDS 350,912 396,818 The charitable company is entiued to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtsin an audit of its finanual ststements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The Iwstees acknowledge their responsibilities for {al ensuring that the charilable company keeps accounting records that comply with Sections 386 and 387 of the Companies A 2006 and 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 financi81 year and of its surplus or defial for each financial year in accordance with the requirements of Sections 394 and 395 and which othemise comply with the requirements of the Companies Act 2006 relab.ng to financial statements, so far as applicable to the charitable company. Ib) These financial stalefflent5 have been prepared in accordarbce with the proM5ions awlicable lo Charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue . 2nd were signed on its behalf by.. . ti KI¢Friy, L Evans - TnJslee The notes fomi part of these financial statements Page 7
CWM TAF PEOPLE FIRST Notes to the Financial Statements for th Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the ch2rttable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities= Statement of Recommended Practs'ce applicable to charities preparing their accounts in aCcoanCe wlh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191.. Financial Reporb"ng Stsndard 102 'The Financial Reporting S18ndard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The finanoal statements have been prepared under the historical cost convention. Financial reporting standard 102 - reduced disclosure exemptlons The charitable company has taken adwantage of the following disclosure exemption in preparing these financial ststements. as permitted by FRS 102 The Financial Reporbng Standard applicable in the UK and Republic of Ireland,: the requirements irf Section 7 Statement of Cash Flows. Income Voluntsry income is received by way of donations and gifts and is included in full in the Statement of Financial Acliwties when receivable. Grants are recognised in fijll in the statement of financial activities in the year in which they are receivable. Grants received vthich are dearty specified for a future accounting period are shown as deferred. Expenditure Resources expended are recognised in the period in which they are incurred. ReSoUrS expended indude attributable VAT thich 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 activtiy. comprising the salary and ove¥head costs of Ihe central function, is appoTboned on the basis of Staff time Expenditure represents amounts disbursed in furtherance of the principal objects of the charity. and is allocated bebNeen direct charitable expenditure and administrative expenditure i)n an actual basis. Allocation and apportionment of costs Reslricled funds are to be used for specffic purposes as laid down by the donor. Expenditure which meets these criteria is charged lo the fund together ¥Mth a fair allocation of management and administration costs, and support costs. Unrestricte¢Y funds are donations and other incoming resources recelvable 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 fdlowing annual rates in order to write off each asset over tts estimated useful life. Fixtures and fittings - 20 % on reducing balance Taxation The tharity is exempt from corporation tax on its charitable activities. Fund accounting Unreslricled funds can be used in accordance wth the tharilable objectives at the discrets'on of the trustees. R8Stn'cteii funds can only be used for particular restried purposes Wlthin the objects of the charrty. Restrictions arise when specified by the donor or when funds are raised for pa'Cular restricted purposes. Further explanation of the nature and putpose of each fund is included in the notes to the finanual statements. Page 8 continued...
CWM TAF PEOPLE FIRST Notes to the Financial Statements - continued for the Year En 1 March 2025 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 perii)d of Ihe lease. Penslon costs and other post-retirement beneffts The charitable company operates a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are charged lo the Slalement of Financial Actiwlies in the period to which they relate. CHARITABLE ACTIVITIES 31.3.25 31.3.24 Donations Other Income Grants 10 9,269 378,189 4,718 452,646 387,5S8 457,364 Grants received, included in the above. 8re as follows: 31.3.25 33,171 91,387 12.680 17,725 31.3.24 33,171 81,346 2,270 19,656 2,125 1,953 Blaenau Gwenl County Counril Rhondda Cynon Taff County Borough Council Intedink Merthyr Tydfil CBC VAMT I Wales People First Cardiff People First Cwm Taf UHB - Our Voice Matters Project Cwm Taf UHB - What Matters to me Project Hodge Foundation Post Code Lottery usw Torfaen CBC WCVA Nalional Lottery Heritsge Freshwater UK Lloyds Bank Foundation National Lottery Community Fund Cartefi Cymru GAVO Aneurin Bevan UHS Merthyrvalleys Homes Moondance Foundation South Wales Police Torfaen Voluntary Alliance Ty Cerydd Trivallis 72,621 75,000 2,270 24,682 34.833 10.000 19,948 9,135 25.000 88.082 25,000 90.418 5,722 21,141 300 10,000 500 19,922 2.750 750 1.500 378.189 452,646 Page 9 continued...
CMI TAF PEOPLE FIRST Notes to the Financial Statements - continued for th Year Ende 31 March 2025 NET INCOMEIIEXPENDrruRE Net incomellexpenditure) is stated after ch8rgingllcreditingl.' 31.3.25 31.3.24 Depreciation - owned assets Other operating leases 9,949 B.01)O 11,401 8,0 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 MarGh 2024. Trustees. expenses There were no 31 MarGh 2024. tSleeS, expenses paid for the year ended 31 March 2025 nor for the year ended STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.25 Administrative staff 31.3.24 No employees reiVed emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresth'cled funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charitable Activities 27,030 430,334 457,364 EXPENDITURE ON Charrtable aGtivities General 2,225 368,271 370,496 NEf INCOME 24,805 62,063 86,868 RECONCILIATION OF FUNDS Tot81 funds brought fOa[d 39,118 270,832 309.950 TOTAL FUNDS CARRIED FORWARD 63,923 332,895 396,818 Page 10 rA)ntinued...
CWM TAF PEOPLE FIRST Notes to the Financial Statements - continued for the Year Ended 31 March 2025 TANG18LE FIXED ASSETS Fixtures and fiitings COST At 1 April 2024 Additions 112,061 4.112 At 31 March 2025 116.173 DEPRECIATION Ai 1 April 2024 Charge for year 62,664 Al 31 March 2025 72,613 NET BOOKVALUE Al 31 March 2025 43,560 At 31 March 2024 49,397 CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Accrued expenses 342 342 343 342 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds Unrestricted 63,923 (4,418) 59,505 Restricted funds Restmcted 332,895 (41.488) 291.407 TOTAL FUNDS 396,818 145,906 350.912 Net movement in funds, induded in the above are as foilows.. Incoming resources Resources expended Movement in fijnds Unre5tri¢ted funds Unrestricted 37,577 141,9951 (4.418) Restricted funds Restricted 349,981 (391,469) (41,4881 TOTAL FUNDS 387,558 (433,4641 (45.9061 Page11 continued...
CWM TAF PEOPLE FIRST Notes to the Financial Statements - continued f rthe Year Ended 31 March 2 25 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in fjJnds At 31.3.24 At 1.4.23 Unrestricted funds Unrestricted 39,118 24,805 63,923 Restricted funds Restricted 270,832 62,063 332,895 TOTAL FUNDS 309,950 86,868 396,818 Comparative net movemenl in funds, included in the above 8re as foNows.' Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted 27.030 (2,225) 24,805 Restricted funds Restricted 430,334 1368,271) 62,063 TOTAL FUNDS 457,364 1370,496) 86,868 A current year 12 months and prior year 12 months combined posilion is as follows.. Net movement in funds Al 31.3.25 At 1.4.23 Unrestricted funds Unrestricted 39.118 20.387 59,505 Restricted funds Restricted 270,832 20.575 291.407 TOTAL FUNDS 309.950 40,962 350,912 A current year 12 months and prior year 12 months combined net movernenl in fvnds. induded in the above are as folows.. Incoming resources Resour expended Movement in ftjnds Unrestrlcted funds Unrestricted 64,607 144,220) 20,387 Restrlcted funds Restricted 780,315 (759,740) 20,575 TOTAL FUNDS 844,922 {803,9601 40,962 Page 12 continued...
CWM TAF PEOPLE FIRST Notes to the Financial Statements - continued for th Year En d 31 Mar h 2025 10. RELATED PARTY DISCLOSURES There were no related party transactions for the ye8r ended 31 March 2025, Page 13
CWM TAF PEOPLE FIRST Detailed Statement of Financial Activities for the Year En ed 31 March 2 31.3.25 31.3.24 INCOME AND ENDOWMENTS Charitable Activities Donations Other Income Grants 100 9,269 378,189 4,718 452.646 387,558 457.364 Total Incoming resources 387,558 457,364 EXPENDITURE Chatable aclivlties Wage5 Social security Pensions Rent Insurance Telephone, postage. stationery Courses and training costs Travel costs 226,696 19,573 16,343 8,01)0 2.414 32,468 84,873 30,812 203,700 14.889 14,968 8,000 2,461 25,223 61,876 25,963 421,179 357,080 Support costs Other Fixtures and fittings 9,949 11.400 Governance costs Accountancy 2nd legal fees 2,336 2,016 Total resources expended 433,464 370.496 Net {expenditure)fincome (45,906) 86,868 This page does not fonn part of the statutory financial statements Page 14