## **REGISTERED COMPANY NUMBER: 07549533 (England and Wales) REGISTERED CHARITY NUMBER: 1141143** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR INTERLINK RCT** 


Bevan Buckland LLP (Statutory Auditors) Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA 



## **INTERLINK RCT** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

|||**Page**|
|---|---|---|
|**Repor of the Trustees**|1|<br>**to8 **|
|**Repor of the Independent Auditors**|**9**|<br>**to**11|
|**Statement of Financial Activities**||12|
|**Balance Sheet**||13|
|**Cash Flow Statement**||14|
|**Notes to the Cash Flow Statement**||15|
|**Notes to the Flnancial Statements**|16|<br>**to**26|
|**Detailed Statement of Financial Activities**|27|<br>**to**28|





## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025** 

The trustees present their report along with the financial statements for the year ended 31 March 2025 This report has been prepared in accordance with the Section 419(2) of the Companies Act 2006. The financial statements have been prepared in accordance with the accounting policies on page 16 and comply with the Charity's constitution and applicable law. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

Interlink RCT is a members-led charity focused on creating connected, resourceful and sustainable communities; where people develop trust, respect and understanding, have good health and can access the resources they need. By encouraging people and communities to recognise and work with the assets the community already has - such as its people, buildings and land - communities can act on what really matters. 

## **CONSTITUTION AND OBJECTS** 

The original constitution of Interlink was adopted on 23 January 1997 amended by special resolution on 26 March 1998 and further amended at a special General Meeting on 20 September 2001 and is a registered charity. The objects of the Charity are the promotion of any charitable purpose for the benefit of the community in the County Borough of Rhondda Cynon _Tat_ and surrounding area as defined in the Local Government (Wales) Act 1994. Following a special resolution at the Annual General Meeting (AGM) on the 1st December 2010, the charity adopted new memorandum and articles and became incorporated as a Company Limited by Guarantee on the 2nd March 2011. The new charity was registered with the Charity Commission on the 4th April 2011, as amended by special resolution on 25th November 2015. Further changes were registered as amended March 2023 to reflect changes in the charity's objectives, as amended in November 2023 to reflect a change from co-opted to non-member trustees. 

Interlink RCT's updated charitable objectives were approved at the AGM in November 2022 after being pre-approved by the Charity Commission. Interlink RCT's charity objects were changed from, 

'The objects for which the Charity is established are to promote any charitable purpose for the benefit of the community in the County Borough of Rhondda Cynon Taff, as defined in the Local Government (Wales) Act 1994, and surrounding areas (hereinafter referred to as 'the area of benefit').' 

to, 

'The charity objects are specifically restricted to the following: 

(1) To promote any charitable purposes for the benefit of the public, for the benefit of the community in the County Borough of Rhondda Cynon Taff, as defined in the Local Government (Wales) Act 1994, and surrounding areas (hereinafter referred to as 'the area of benefit'), and in particular but not exclusively, build the capacity of third sector organisations and provide them with the necessary support, information and services to enable them to pursue or contribute to any such charitable purpose. 

(2) To promote, organise and facilitate co-operation and partnership working between third sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit, and to that end to bring together into membership of the Charity persons and organisations engaged in the furtherance of the said purposes within the area of benefit.' 

## **TRUSTEES** 

The trustees in office during the period and at the date of this report are set out above (p1 ). Trustees are elected for a term of three years at the Annual General Meeting by the membership and are required to sign a declaration of their eligibility to serve. Trustees have taken responsibility for monitoring the Charity's activities through the Executive Committee. 

The constitution was amended to move toward non-member trustees to serve for three years with the same voting rights as member trustees to replace coopted trustees that served for a one-year term. Non-member Directors will be appointed in the same way as member Directors and under the same terms and voting rights as member Directors. The number of non-member directors shall be not more than three, including non- member Directors. The Trustee Handbook was amended to reflect these changes and to state only one Officer's role can be filled by a non-member trustee at any one time. 

## **INDUCTION AND TRAINING PROCEDURES** 

All trustees are offered training in respect of trustee roles and responsibilities and are required to attend an induction session with another trustee after the annual meeting as part of trustee mentoring using a buddy system. Trustees are offered a range of opportunities throughout the year to develop their knowledge and skills to effectively fulfil their role and a skills audit used to assess and address gaps. 

Page 1 



## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **RISK REVIEW** 

The Trustees have conducted their own review of the major risks to which the charity is exposed, and systems including a risk register established to mitigate those risks. Internal risks are minimised by effective management of the Charity's activities and the implementation of budgetary and financial procedures, which are subject to regular review in Trustee meetings to ensure that they still meet the needs of the Charity. Interlink RCT trustees had to continue to address the challenges _it_ and its members face with increasing costs, a cost-of-living crisis and more competition for grants while experiencing increasing demand to deliver services to support local people and communities. Despite these circumstances, Interlink holds sufficient Charity reserves that provide scope to trustees to invest in priority areas in 2025/26. Interlink RCTs main areas of work continue to focus on: 

o Community Advice and Support - providing information, advice, training and funding to support volunteers and community and voluntary organisations. 

o Volunteering - supporting volunteers and volunteer organisations. 

o Wellbeing - finding out what matters to individuals and communities, and working in partnership to provide information, advice and support. 

o Involving people and communities - supporting people, volunteers, and community and voluntary organisations to be listened to and involved, to act and to influence those things that matter to them. 

Interlink RCT is a member of Third Sector Support Wales who provide a universal service across Wales based on supporting the following four pillars: 

o Volunteering 

o Good Governance 

o Thriving and Sustainable Third Sector o Influencing and Strategic Engagement 

## **Our vision** 

We believe that volunteering and community action will lead to connected, resourceful and sustainable communities, where people are treated fairly, have good health and have the resources they need. We believe in supporting communities to be connected, resourceful and sustainable. 

## Connected 

Communities have a greater impact when volunteers, informal and formal community and voluntary organisations and partners are connected and work together towards shared goals. 

## Resourceful 

When communities have the power and resources to lead, they quickly find ways to work together using what they have to overcome difficulties, seek new opportunities and take action. 

## Sustainable 

Sustainable communities develop where everyone has the opportunity to be involved, connected and valued for the contribution they make to the wellbeing of their community. 

## **Our mission** 

To work with others to understand and build on the strengths of local people and communities to address what matters. 

## **Our Values and Principles** 

- We value the work of all volunteers, informal and formal community groups and voluntary organisations. 

- We promote equality, diversity, inclusion and social justice including the Welsh language and culture. 

- We act sustainability by considering the environmental, economic, and social issues experienced by local people and communities 

## **PUBLIC BENEFIT** 

The trustees confirm they have complied with their duty in section 17(5) of the Charities Act 2011 to have due regard for public benefit. The objects for which the Charity is established are to promote any charitable purpose for the benefit of the community in the County Borough of Rhondda Cynon Taf and surrounding area. The achievements of the Charity _in_ meeting these objects between 1st April 2024 to 31st March 2025 have been summarised in this report. Interlink increased its membership from 537 to 641 in this period. The focus of public benefit during the year was supporting community and voluntary organisations, promoting volunteering, and supporting members with their role in promoting health and wellbeing in local communities. 

Page 2 



## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **ACHIEVEMENTS AND PERFORMANCE APRIL 2024 TO MARCH 2025** 

## **SUPPORTING COMMUNITY AND VOLUNTARY GROUPS - OUR MEMBERS** 

The Community Advice Team had a busy year supporting volunteering and, community and voluntary groups across Rhondda Cynon Taf. The Team gets each group the support and advice they need with the peer support programme. Interlink pays for peer-to-peer advice between community and voluntary organisations with the payment going to the host organisation of the person providing the peer support, investing in and providing support to our members through our members. The Team successfully managed 489 requests for support covering funding, volunteering, governance and engagement. Through support from Graig Fatha Co-op, community and voluntary groups have been able to access our Community Grants Programme to deliver activities covering wellbeing, older people, children and young people; acting in climate change; supporting energy efficiency in community run facilities and support with the cost-of-living crisis. 

## **Grant Funding and Support** 

Interlink RCT supported over 44 groups secure grants worth over £1,299,500 to support local community groups and activities and and support the groups and the communities they serve with the cost of living. Through work together as part of the RCT Funding and Support Steering Group, groups benefit from 'wrap around' support that goes beyond funding and provides access to a broad range of support. Key partners and funders of our work include Welsh Government, RCTCBC and Pen Y Cymoedd Community Wind Farm CIC and Graig Falha Co-op. For example, we worked closely with RCTCBC to deliver Shared Prosperity Fund on-line webinars to raise awareness of and access these important funds. We value the funding available to groups from incredible funders such as The Moondance Foundation, the Big Lottery and Coalfields Regeneration Trust. 

Our internal grants programme administered 143 grants totalling £245,475 through the following funds: 

- Graig Fatha Community Windfarm Fund (formerly with Ripple Energy) 

- Carers Wales Amser Unpaid Carers Grant scheme 

- Interlink Start-Up Grant Scheme 

- Tat Ely Windfarm Fund 

- Graig and Penycoedcae Grant Scheme 

- WCVA Youth Led Grant Scheme 

- Tonyrefail Community Fund 

This funding supported an incredible community response from Interlink community and voluntary sector members to support people of all ages and abilities throughout RCT to reduce the impact of the cost-of-living crisis, improve wellbeing and contribute to local action on the impacts of climate change. 

## Connect RCT 

Connect RCT has continued to grow and develop to include 68 new volunteer opportunities and over 900 new members during the year and is the only place to go to find out about community activities, events, groups and volunteer opportunities throughout RCT. 

Training, Networks and Events 

Interlink held 42 sessions, engaging 1200 participants, consisting of: 

- Events such as our Conference and AGM 'Time to stand up and be counted' was attended by 60 people and talk about relationships with RCTCBC and th eWG Community Policy. Members told us the importance of being aware of and valuing what they do. 

- Training such as 'Role of Al when applying for funding', 'Steps to Measure Impact' and a training series on how to use Canva software for promotion. 

- Networks such as the Children, Young People and Families Network and supporting RCT Climate Action Network and supporting Neighbourhood Networks. 

- On-line events including joint sessions with RCTCBC / RCT Together to support groups applying for grants from the 

- Shared Prosperity Fund 

## Climate Change and Energy Efficiency 

Interlink carried out a range of work linked to sustainability and climate change including supporting the successful RCT Climate Action Network Events with funding from Cwm Taf Morgannwg Public Service Board. A successful partnership with Pen Y Cymoedd Wind Farm CIC, Coalfields Regeneration Trust and RCTCBC provided free Energy Efficiency Audits and follow-up grants to community buildings to reduce their energy bills and carbon f tprint. 

Page 3 



## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **Volunteering** 

Volunteers continued to provide a vast and diverse range of essential support in every community in RCT. This was particularly true in winter as people and community and voluntary groups faced rising heating bills, food costs and other essential items. Through small grants, groups were able to cover their heating bills, volunteer expenses, purchase f d for the community and were able to open longer and more often to provide people with the support they needed. Other highlights included: 

- Promoting our youth-led grant scheme with 7 organisations receiving a share of £6,000. 

- Courses to support groups working with volunteers including, 'Volunteer Expenses, Rewards and Recognition' and DBS 

- Checks. 

- Running a community poll on Connect RCT in Volunteers Week, all groups shortlisted were awarded £100 for participating and the winners were included in a film on the value of volunteers. Interlink staff carried out some gardening with Coalfields Flower Farm. 

- 68 volunteering opportunities were added to Connect RCT. 

Page4 




## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **ACHIEVEMENTS AND PERFORMANCE HEAL TH AND WELLBEING** 

The Wellbeing Coordination Service 

Interlinks Wellbeing Coordinators provide support to people to address their non-medical needs through referring people to community activities and services provided by community and voluntary groups. This year, partnership working continued to develop with the Council's RCT Together Team and other partners resulting in better and more timely support for people throughout RCT. The Wellbeing Team continued to identify, promote and support community and voluntary groups. There were some challenges with capacity due to a huge increase in winter referrals for fuel and food poverty. 

There were 2769 referrals to the Wellbeing Coordination Service, with 1756 referrals to community support. In total, the team provided 22,448 hours of support and recorded 4163 occasions when people were signposted to the exceptional and diverse range of support provided by local groups. The Wellbeing Coordination Service is funded by Welsh Government through the Regional Integration Fund (RIF). 

## Highlights include: 

- A project with the North Cynon COPD Pilot with Public Health Wales which demonstrated the success of helping those with COPD and other chronic lung conditions by identifying support in the community. 

- In collaboration with the GP Taff Cluster, funding was made available to commission befriending support from the Red Cross. 

## Building Stronger Bridges 

lnterlink's Deputy Chief Executive led on health and wellbeing, facilitated a Health and Social Care Network and worked closely with RCTCBC Together and Cwm Taf University Health Board on a wide range of partnership activities. 

## Highlights included: 

- The Dementia Grant Scheme has a regional focus with 3 organisations delivering a regional, collaborative service for people living with dementia and their Carers. A total of £150,000 was distributed to provide essential accessible services and activities for people with dementia and the people who care for them. 

- Amser Carers Trust Grant Scheme supported 11 projects to provide short breaks to unpaid Carers across RCT and Merthyr. A total of £80 000 was distributed to projects providing a flexible range of support from overnight stays to day trips, cinema visits and vouchers to enable them to have a break from their caring role. 

- Green Outdoor Social Prescribing Network - continued to meet quarterly with a successful outdoor meeting where members highlighted their work in green social prescribing where people are referred to them to take part in outdoor activities to improve their wellbeing. 

- Befriending Services are supported through a partnership with Voluntary Action Merthyr Tydfil, providing £150,000 for 3 services to reduce the impact of loneliness and isolation by supporting people to connect to their communities. This is funded by the WG Regional Integrated Fund. Previously funded services were unable to continue, highlighting the challenges of a lack of secure funding for vital services being provided by community and voluntary organisations. 

## **Mental Health Involvement and Development** 

The Mental Health Involvement and Development Officer worked with people with lived experience and community and voluntary groups in RCT and with colleagues in the region. Interlink continued to support the Cwm Taf Morgannwg Mental Health Forum and work with CTM University Health Board on several projects to involve and gather the view of people who have used mental health services and refer people into community activities and services. 

## **Equality, Diversity and Inclusion** 

Interlink appointed a member of staff as the Equality Diversity and Inclusion (EDI) Champion to lead on Cultural Competency Scheme certification, achieving a Silver Plus Award. The role developed to include develop Welsh language skills and staff improving their Welsh language skills attended the National Eisteddfod 2024 in Ynysangharad Park.. Interlink and WCVA hosed a community and voluntary sector Hwb, with members joining us to celebrate the event and the rich culture of exceptional local groups active across RCT. Interlink staff took part in Race Equality Week's 5 Day Challenge providing information around topics including Inclusive Language. EDI support for our members included referring groups to the specialist support available in the sector, for example, training in understanding neurodiversity and supporting groups with an adoptable EDI Policy 

Page 5 



## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **FINANCIAL REVIEW** 

## Principal Funding Sources 

Principal funding sources include Welsh Government, Cwm Taf Morgannwg University Health Board, the Cwm Taf Morgannwg Regional Partnership Board, Rhondda Cynon Taf County Borough Council, Pen y Cymoedd Wind Farm Community Fund CIC and Graig Fatha Co-op. 

## Results 

Total resources expended exceeded incoming resources by £141,191. After transfers, the unrestricted funds reported a surplus of £51,942. The performance of the charity has exceeded expectations in such a difficult and uncertain economic climate. The level of available reserves, ie. the total unrestricted reserves less amounts invested in fixed assets and designated reserves amounted to £675,212. 

## Reserves Policy 

The reserves policy is reviewed annually by the Executive Committee and the Financial and Resources Sub Group in line with lnterlink's business and financial planning process. The trustees have examined the charity's requirements for reserves in light of the main risks of the organisation using a risk assessment process and taken action to reduce the major risks faced by the charity. The trustees have built up reserves equivalent to over six months operational costs, to cover, amongst other considerations, potential redundancy costs, as nearly all lnterlink's income is approved on a 12-month basis and the charity needs to manage the risk of losing large contracts at short notice. 

The investment portfolio reduced during the last quarter of 2023/24 due to market turbulence and the trustees will take further advice on how to maximise our income while keeping within our low risk and strict ethical requirements. The Executive Committee has forecasted that because of the significant challenges faced by Interlink and its members, those reserves have been used in 2024-25 to invest in our internal capacity, strategic objectives and support our members. 

Page6 




## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **FUTURE PLANS** 

## **Strategic Objectives 2025-2028** 

Interlink RCT will work alongside our members, the community and voluntary sector (the Sector) to build their capacity to act on what matters to them and the volunteers and communities they support. We will work as an integrated team and use technology to support our members to: 

- Evidence and promote their involvement with and impact on the cost of living and community wellbeing. 

- Have the information and advice they need to access resources and financial support. 

- Share knowledge through networks and work together to identify and deliver partnership opportunities. 

## To achieve this, we will: 

- Be an ethical, inclusive, and effective charity with a clear purpose. 

- Listen to and respond to what matters to our members. 

- Evaluate and learn from what we do. 

- Support community action on climate change. 

## What we will change 

- We will focus on our purpose, supporting volunteers, community and voluntary groups - our 'Golden Thread'. 

- We **will** work as one organisation to deliver this 'Golden Thread'. 

- We **will** be clear on everyone's roles in delivering this 'Golden Thread.' 

- We will support our members to promote their impact. 

- We will support our members to connect with decision makers and funders. 

## What we believe: 

- The real impact on people and communities is made by our members. 

- Our members are essential to improving community wellbeing and supporting people with the cost of living. 

- The better we deliver our 'Golden Thread' the more impact we will have. 

- We must involve, value and invest in our staff team and trustees to achieve our outcomes. 

## What will help us to achieve out outcomes? 

- Our relationships and involvement of volunteers, our members and networks. 

- Our reach through digital platforms and on-line sources, such as Connect RCT and social media. 

- Our Wellbeing Coordination Team's ability to promote community wellbeing. 

- Skilled, experienced and committed trustees represent our members and ensure we are member-led. 

- The commitment of our larger partners such as Welsh Government, Rhondda Cynon Taff County Borough Council and 

- Cwm Taf Morgannwg University Health Board to work with our members. 

- Collecting, managing and using information and evidence as one organisation to inform what we do. 

This work contributes to our long-term outcome, 'The community and voluntary sector are sustainably resourced and valued by the community, decision-makers, and funders, with the skills and capacity to evidence the difference they make to community wellbeing.' 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

Interlink operates under rules defined by its governing documents, both as a charity, as defined by the Charities Act, 2011; and limited company limited by guarantee, as defined by the Companies Act 2006. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

07549533 (England and Wales) 

## **Registered Charity number** 

1141143 

**Registered office** Glenview House Courthouse Street Pontypridd Rhondda Cynon Taff CF371JY 

Page 7 



## **INTERLINK RCT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **Trustees** 

Janet Whiteman Alison Theaker Lisa Wills Steve Davis Richard Flowerdew Richard Walters Katy Thomas Richard Cox Simone Devinett Joanne Baldock Pauline Richards **Non-Member Trustees** Dilys Jouvenat Tony Hendrickson 

New Horizons Mental Health Chair Vice Chair until Jan '25 Eye to Eye Counselling Service Treasurer Arts Factory Spectacle Theatre Secretary RCT Scouts Gilfach Goch Community Association Mothers Matter Ategi RHA Wales/ Beacon Cymru Heol Chwarae Roi/Role Play Lane Valleys Kids To Feb '25 

## **Auditors** 

Bevan Buckland LLP (Statutory Auditors) Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA 

## **Bankers** 

HSBC Bank Pie 10 Portland Street SWANSEA SA13DF 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

Company and charitable law require the Executive Board to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee should follow best practice and: 

- select suitable accounting policies and then apply them consistently; 

- make judgements and estimates that are reasonable and prudent; and 

- prepare financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue on that basis. 

The Executive Board is responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ascertain to ensure that the financial statements comply with the Companies Act 2006. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **Members of the Executive Board** 

Members of the Executive Board, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1 . 

In accordance with company law, as the company's directors, we certify that: -so far as we are aware, there is no relevant audit information of which the company's auditors are unaware; and as the directors of the company, we have taken all the necessary steps in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors re aware of that information. Approved by order of the board of trustees on ... **S. ... /[1 ] .. '. ..... \·,J.:_C?_l-.5 .....** and signed on its behalf by: 



Ms J Whiteman - Trustee 

Page 8 




## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INTERLINK RCT** 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the **Use of our report** Companies Act 2006. Our audit work has been undertaken so that we might state 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 fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitablecompany's members as a body, for our audit work, for this report, or for the opinions we have formed. 


Henry Uoy - vies enior Statutory Auditor) for and on behalf of Bevan Buckland LLP (Statutory Auditors) Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Date: ... s.1.�.�.1..� .................. . 

Page 11 



## **INTERLINK RCT** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

|||||2025|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|**Charitable activities**|4|||||
|Grants and contracts||439,952|746,110|1,186,062|1,480,026|
|Other trading activities|2||||2,500|
|Investment income|3|25,464||25,464|25,826|
|Other income||3,603||3,603|10,069|
|**Total**||469,019|746,110|1,215,129|1,518,421|
|**EXPENDITURE ON**||||||
|Raising funds|5|4,409||4,409|4,177|
|**Charitable activities**|6|||||
|Charitable activities||401,650|939,487|1,341,137|1,181,483|
|**Total**||406,059|939,487|1,345,546|1,185,660|
|Net gains/(losses) on investments||(10,774)||(10,774)|38,534|
|**NET INCOME/(EXPENDITURE)**<br>**Transfers beteen funds**|18|52,186<br>(244)|(193,377)<br>244|(141,191)|371,295|
|**Net movement in funds**||51,942|(193,133)|(141,191)|371,295|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought frard||1,047,520|518,879|1,566,399|1,195,104|
|**TOTAL FUNDS CARRIED FORWARD**||1,099,462|325,746|1,425,208|1,566,399|



The notes form part of these financial statements 

Page 12 



## **INTERLINK RCT** 

## **BALANCE SHEET 31 MARCH 2025** 

|||||2025|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes||£|£|£|
|**FIXED ASSETS**||||||
|Investments|13|414,792||414,792|418,718|
|**CURRENT ASSETS**||||||
|Debtors|14|152,707|36,307|189,014|136,586|
|Investments|15|85,000||85,000||
|Cash at bank and in hand||482,519|286,047|768,566|1,053,958|
|||720,226|322,354|1,042,580|1,190,544|
|**CREDITORS**||||||
|Amounts flling due within one year|16|(45,014)|(647)|(45,661)|(42,863)|
|**NET CURRENT ASSETS**||675,212|321,707|996,919|1,147,681|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||1,090,004|321,707|1,411,711|1,566,399|
|**NET ASSETS**||1,090,004|321,707|1,411,711|1,566,399|
|**FUNDS**|18|||||
|Unrestricted funds||||1,090,004|1,047,520|
|Restricted funds||||321,707|518,879|
|**TOTAL FUNDS**||||1,411,711|1,566,399|



These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

5th November 2025 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: 

## 1 _C\_ \ v�{'l_,,l/ "--- _. ___ 

J Whiteman - Trustee 


LA Wills - Trustee 

The notes form part of these financial statements 

Page 13 



## **INTERLINK RCT** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** 

||2025|2024|
|---|---|---|
|Notes|£|£|
|**Cash fows from operating activities**|||
|Cash generated from operations|(218,408)|235,084|
|Interest paid|(600)||
|Net cash (used in)/provided by operating activities|(219,008)|235,084|
|**Cash fows from investing activities**|||
|Purchase of fixed asset investments|(80,124)|(80,463)|
|Purchase of current asset investments|(85,000)||
|Sale of fixed asset investments|73,276|68,431|
|Interest received|16,142|17,504|
|Dividends received|9,322|8,322|
|Net cash (used in)/provided by investing activities|(66,384)|13,794|
|**Change in cash and cash equivalents in**<br>**the reporing period**|(285,392)|248,878|
|**Cash and cash equivalents at the**|||
|**beginning of the reporing period**|1,053,958|805,080|
|**Cash and cash equivalents at the end of**|||
|**the reporing period**|768,566|1,053,958|



The notes form part of these financial statements 

Page 14 



## **INTERLINK RCT** 

## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** 

||**NOTES TO THE CASH FLOW STATEMENT**<br>**FOR THE YEAR ENDED 31 MARCH 2025**|**NOTES TO THE CASH FLOW STATEMENT**<br>**FOR THE YEAR ENDED 31 MARCH 2025**|||
|---|---|---|---|---|
|**1.**|**RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM**||**OPERTING**|**ACTIVITIES**|
||||2025|2024|
||||£|£|
||**Net (expendlture)/income for the reporing period (as per the Statement**||||
||**of Financial Activities)**||(154,688)|371,295|
||**Adjustments for:**||||
||Depreciation charges|||1,426|
||Losses/(gain) on investments||10,774|(38,534)|
||Interest received||(16,142)|(17,504)|
||Interest paid||600||
||Dividends received||(9,322)|(8,322)|
||Increase in debtors||(52,428)|(66,568)|
||lncrease/(decrease) in creditors||2,798|(6,709)|
||**Net cash (used in)/provided by operations**||(218,408)|235,084|
|**2.**|**ANALYSIS OF CHANGES IN NET FUNDS**||||
|||At 1.4.24|Cash flow|At 31.3.25|
|||£|£|£|
||**Net cash**||||
||Cash at bank and in hand|1,053,958|(285,392)|768,566|
|||1,053,958|(285,392)|768,566|
||**Liquid resources**||||
||Deposits included in cash||||
||Current asset investments||85,000|85,000|
||||85,000|85,000|
||**Total**|1,053,958|(200,392)|853,566|



The notes form part of these financial statements 

Page 15 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. 

## **Income** 

All income is recognised in the Statement of Financial 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. 

Grants are only included in the SoFA when the general income recognition criteria are met. 

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services, as entitlement to the grant only occurs when the performance related conditions are met. Grants receivable are treated in different ways dependent upon their purposes and the terms of the grant. 

Grants receivable for the specific purpose of purchasing fixed assets for the continued use of the charity are treated as restricted funds. The restricted funds is then reduced by amounts equivalent to the depreciation charges on the assets concerned and will continue to do so over the expected useful lives of the assets concerned. 

Grants receivable to facilitate the general running of the charity are treated as unrestricted funds. 

## **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 cost related to 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 resources. 

## **Allocation and apportionment of costs** 

Costs are allocated against grants they relate to. Where restricted funds have outstanding amounts which relate to core expenditure, these are transferred to core. 

## **Tangible fixed assets** 

Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions costing below £1,000 are not capitalied. 

Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows: 

Leasehold property Straight line over length of lease Fixtures, fittings and equipment 25% Straight line 

## **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. 

continued ... 

Page 16 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **1. ACCOUNTING POLICIES - continued** 

## **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. 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade 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 term highly liquid investments with 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 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **Financial instruments** 

The company only has financial assets and financial liabilities of a kind that qualify as basic financialinstruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **Donated services** 

In accordance with the charities SORP (FRS 102), the general volunteer time provided to the charitable company is not recognised and refer to the trustees' report for more information about their contribution. 

## **Costs of raising funds** 

The costs of raising funds consist of investment management costs and certain legal fees. 

## **Expenditure on charitable activities** 

Expenditure on charitable activities include grants made, governance and support costs. 

## **Realised gains and losses** 

All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investment are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and the carrying value. Realised and unrealised investment gains and losses are combined in the statement of financial activities. 

## **Leasing** 

Rentals applicable to operating leases are charged to the statement of financial activities over the period in which the cost is incurred. 

## **Allocation of support costs** 

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the activities of the charity. These costs have been allocated between cost of raising funds and expenditure on charitable activates. 

## **Pension** 

The charity operates a defined contribution pension scheme for employees. The asset of the scheme are held separately from those of the charity. The annual contributions payable are charged to the statements of financial activities. 

Page 17 

continued ... 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **2. OTHER TRADING ACTIVITIES** 

|**2.**|**OTHER TRADING ACTIVITIES**||||
|---|---|---|---|---|
||||2025|2024|
||||£|£|
||Consultancy and training|||2,500|
|**3.**|**INVESTMENT INCOME**||||
||||2025|2024|
||||£|£|
||Other fixed**asset**invest - FIi||9,322|8,322|
||Deposit account interest||15,971|17,260|
||Interest on cash deposits||171|244|
||||25,464|25,826|
|**4.**|**INCOME FROM CHARITABLE**|**ACTIVITIES**|||
||||2025|2024|
|||Activity|£|£|
||Grants|Grants and contracts|1,186,062|1,480,026|
||Grants received, included in the|above, are as follows:|||
||||2025|2024|
||||£|£|
||WG (WCVA) TSSW Grant||296,888|248,252|
||WG (WCVA) Youth-led Grant Scheme||7,000|6,650|
||RCT County Borough Council||71,990|71,900|
||CTMUHB (BSB / Core)<br>Grants Administered fr other Organisations||61,441<br>90,500|21,458<br>90,500|
||Building Communities Trust Penywaun<br>RIF Wellbeing Coordination Serice||471,156|102,454<br>574,443|
||Mental Health Projects||81,861||
||ICF Small Capital Grant||6,000||
||Penycymoedd Community Wind<br>Cwm Taf Public Serice Board|Farm CIC|13,976<br>31,803|48,416<br>23,803|
||Ripple Energy Community Benefit Fund||29,095|287,150|
||Institute of Leadership|||5,000|
||UKG SPF RCTCBC Community|Grant|6,750||
||VAMT Management Fee - Dementia Care Grant||3,750||
||Cwm Taf3P's||3,000||
||Tonyrefil Community<br>RIF Funding fr Regional Commissioning Event||8,852<br>2,000||
||||1,186,062|1,480,026|



Page 18 

continued ... 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **5. RAISING FUNDS** 

## **Investment management costs** 

|||||2025|2024|
|---|---|---|---|---|---|
|||||£|£|
||Porolio management|||4,409|4,177|
|**6.**|**CHARITABLE ACTIVITIES COSTS**|||||
|||||Support||
||||Direct|costs (see||
||||Costs|note 7)|Totals|
||||£|£|£|
||Charitable activities||1,320,220|20,917|1,341,137|
|7.|**SUPPORT COSTS**|||||
|||||Support||
|||Management|Other 2|costs|Totals|
|||£|£|£|£|
||Charitable activities|9,807|600|10,510|20,917|
|||||---|---|



## **8. NET INCOME/(EXPENDITURE)** 

|Net income/(expenditure) is stated afer charging/(crediting):|||
|---|---|---|
||2025|2024|
||£|£|
|Auditors' remuneration|10,510|9,175|
|Depreciation - owned assets||1,426|
||---|---|



## **9. 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** 

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 

## **10. STAFF COSTS** 

|**STAFF COSTS**|||
|---|---|---|
||**2025**|**2024**|
|Gross wages and salaries<br>Social secrity costs|£693,190<br>£69,733|£628,367<br>£62,917|
|Pension costs|£56,178|£50,797|
||£819,101|£742,081|
|The average monthly number of employees during the year was as follows:|||
||2025|2024|
|Employees|23|**22**|
|No employees received emoluments in excess of £60,000.|||



Page 19 

continued ... 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS• continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **10. STAFF COSTS· continued** 

Management team of the charity are made up of the Chief Executive Officer, Deputy Chief Executive Officer, Business and Finance Manager, Community Advice team manager and Wellbeing Services Manager totalling £211,947. 

There were no volunteers during the year. 

## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|Unrestricted<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>**Charitable activities**<br>Grants and contracts<br>396,677<br>Other trading activities<br>2,500<br>Investment income<br>25,826<br>Other income<br>10,069<br>**Total**<br>435,072<br>**EXPENDITURE ON**<br>Raising funds<br>4,177<br>**Charitable activities**<br>Charitable activities<br>442,898<br>**Total**<br>447,075<br>Net gains on investments<br>38,534<br>**NET INCOME**<br>26,531<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forard<br>1,020,989<br>**TOTAL FUNDS CARRIED FORWARD**<br>1,047,520<br>**12.**<br>**TANGIBLE FIXED ASSETS**<br>Fixtures<br>and<br>ftings<br>£<br>**COST**<br>At 1 April 2024 and 31 March 2025<br>53,542<br>**DEPRECIATION**<br>At 1 April 2024 and 31 March 2025<br>53,542<br>**NET BOOK VALUE**<br>At 31 March 2025<br>At 31 March 2024<br>---<br>Page 20|Restricted<br>Total<br>funds<br>funds<br>£<br>£<br>1,083,349<br>1,480,026<br>2,500<br>25,826<br>10,069<br>1,083,349<br>1,518,421<br>4,177<br>738,585<br>1,181,483<br>738,585<br>1,185,660<br>38,534<br>344,764<br>371,295<br>174,115<br>1,195,104<br>518,879<br>1,566,399<br>Computer<br>equipment<br>Totals<br>£<br>£<br>5,701<br>59,243<br>5,701<br>59,243<br>---<br>---<br>continued ...|
|---|---|



Page 20 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS• continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **13. FIXED ASSET INVESTMENTS** 

|**FIXED ASSET INVESTMENTS**||
|---|---|
||Listed|
||investments|
||£|
|**MARKET VALUE**||
|At 1 April 2024|418,718|
|Additions|80,124|
|Disposals|(71,874)|
|Revaluations|(12,176)|
|At 31 March 2025|414,792|
|**NET BOOK VALUE**||
|At 31 March 2025|414,792|
|At 31 March 2024|418,718|
|There were no investment assets outside the UK.||
|Cost or valuation at 31 March 2025 is represented by:||
||Listed|
||investments|
||£|
|Valuation in 2021|16,953|
|Valuation in 2023|(22,253)|
|Valuation in 2024|50,566|
|Valuation in 2025|(3,926)|
|Cost|373,452|
||414,792|



Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. 

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub-sectors. 

## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
||2025|2024|
||£|£|
|Other debtors|149,995|71,675|
|Prepayments and accrued income|39,019|64,911|
||189,014|136,586|



continued ... 

Page 21 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **15. CURRENT ASSET INVESTMENTS** 

|**15.**|**CURRENT ASSET INVESTMENTS**|||
|---|---|---|---|
|||2025|2024|
|||£|£|
||Other|85,000||
|**16.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||2025|2024|
|||£|£|
||Trade creditors|864|2,671|
||Social security and other taxes|14,031|15,656|
||Other creditors||4,092|
||Accrued expenses|30,766|20,444|
|||45,661|42,863|
||||--|



## **17. LEASING AGREEMENTS** 

Minimum lease payments under non-cancellable operating leases fall due as follows: 

|||||2025|2024|
|---|---|---|---|---|---|
|||||£|£|
||Within one year<br>Beteen one and five years||||4,043<br>2,210|
||||||6,253|
|||||--||
|**18.**|**MOVEMENT IN FUNDS**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.24|in funds|funds|31.3.25|
|||£|£|£|£|
||**Unrestricted funds**|||||
||Core|1,047,520|42,728|(244)|1,090,004|
||**Restricted funds**|||||
||CTMUHB (Building Strong Bridges/Core)<br>Grants Administered fr other organisations|10,449<br>7,308|4,934<br>(2,925)||15,383<br>4,383|
||Building Communities Trust Penywaun|70,656|(70,656)|||
||Graig and Penycoedcae Community Fund|72|1,000||1,072|
||ICF Grants|20,005|6,000||26,005|
||RIF Wellbeing Coordination Serice|137,767|(26,522)||111,245|
||Mental Health Digital Inclusion Grant|11,734|||11,734|
||Mental Health<br>Cwm Tat Public Serice Board (Climate|45,067|(4,089)||40,978|
||Action)|35,803|12,099||47,902|
||Ripple Energy Community Benefit Fund|169,018|(121,210)||47,808|
||Amser Carers Trust Grant|6,000|4,270||10,270|
||Institute of Leadership|5,000|(2,637)||2,363|
||WCVA: Youth Led Grant||2,320|244|2,564|
|||518,879|(197,416)|244|321,707|
||**TOTAL FUNDS**|1,566,399|(154,688)||1,411,711|



continued ... 

Page 22 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **18. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|Incoming<br>Resources<br>Gains and<br>resources<br>expended<br>losses<br>£<br>£<br>£<br>**Unrestricted funds**<br>Core<br>469,019<br>(415,517)<br>(10,774)<br>**Restricted funds**<br>CTMUHB (Building Strong Bridges/Core)<br>44,848<br>(39,914)<br>Grants Administered fr other organisations<br>2,500<br>(5,425)<br>Building Communities Trust Penywaun<br>(70,656)<br>Graig and Penycoedcae Community Fund<br>1,000<br>ICF Grants<br>6,000<br>RIF Wellbeing Coordination Serice<br>471,156<br>(497,678)<br>Mental Health<br>81,861<br>(85,950)<br>Cwm Taf Public Serice Board (Climate<br>Action)<br>16,000<br>(3,901)<br>Ripple Energy Community Benefit Fund<br>29,095<br>(150,305)<br>Amser Carers Trust Grant<br>88,000<br>(83,730)<br>Institute of Leadership<br>(2,637)<br>WCVA: Youth Led Grant<br>6,650<br>(4,330)<br>746,110<br>(943,526)<br>**TOTAL FUNDS**<br>1,215,129<br>(1,359,043)<br>(10,774)|Movement<br>in funds<br>£<br>42,728<br>4,934<br>(2,925)<br>(70,656)<br>1,000<br>6,000<br>(26,522)<br>(4,089)<br>12,099<br>(121,210)<br>4,270<br>(2,637)<br>2,320<br>(197,416)<br>(154,688)|
|---|---|



## **Comparatives for movement in funds** 

|**Comparatives for movement in funds**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.4.23|in funds|31.3.24|
||£|£|£|
|**Unrestricted funds**||||
|Core|1,020,989|26,531|1,047,520|
|**Restricted funds**||||
|CTMUHB (Building Strong Bridges/Core)<br>Grants Administered fr other organisations|5,548|10,449<br>1,760|10,449<br>7,308|
|Building Communities Trust Penywaun|79,246|(8,590)|70,656|
|Graig and Penycoedcae Community Fund|10,515|(10,443)|72|
|ICF Grants<br>RIF Wellbeing Coordination Serice|20,005<br>33,094|104,673|20,005<br>137,767|
|Mental Health Digital Inclusion Grant|13,707|(1,973)|11,734|
|Mental Health<br>Cwm Taf Public Serice Board (Climate||45,067|45,067|
|Action)|12,000|23,803|35,803|
|Ripple Energy Community Benefit Fund||169,018|169,018|
|Amser Carers Trust Grant||6,000|6,000|
|Institute of Leadership||5,000|5,000|
||174,115|344,764|518,879|
|**TOTAL FUNDS**|1,195,104|371,295|1,566,399|



Page 23 

continued ... 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **18. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|Incoming<br>Resources<br>resources<br>expended<br>£<br>£<br>**Unrestricted funds**<br>Core<br>435,072<br>(447,075)<br>**Restricted funds**<br>CTMUHB (Building Strong Bridges/Core)<br>38,136<br>(27,687)<br>Grants Administered for other organisations<br>2,500<br>(740)<br>Building Communities Trust Penywaun<br>102,454<br>(111,044)<br>Graig and Penycoedcae Community Fund<br>(10,443)<br>RIF Wellbeing Coordination Serice<br>448,720<br>(344,047)<br>Mental Health Digital Inclusion Grant<br>(1,973)<br>Mental Health<br>87,586<br>(42,519)<br>Cwm Taf Public Serice Board (Climate<br>Action)<br>23,803<br>Ripple Energy Community Benefit Fund<br>287,150<br>(118,132)<br>Amser Carers Trust Grant<br>88,000<br>(82,000)<br>Institute of Leadership<br>5,000<br>1,083,349<br>(738,585)<br>**TOTAL FUNDS**<br>1,518,421<br>(1,185,660)<br>A current year 12 months and prior year 12 months combined position is as fllows:<br>Net<br>movement<br>At 1.4.23<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>Core<br>1,020,989<br>69,259<br>**Restricted funds**<br>CTMUHB (Building Strong Bridges/Core)<br>15,383<br>Grants Administered fr other organisations<br>5,548<br>(1,165)<br>Building Communities Trust Penywaun<br>79,246<br>(79,246)<br>Graig and Penycoedcae Community Fund<br>10,515<br>(9,443)<br>ICF Grants<br>20,005<br>6,000<br>RIF Wellbeing Coordination Serice<br>33,094<br>78,151<br>Mental Health Digital Inclusion Grant<br>13,707<br>(1,973)<br>Mental Health<br>40,978<br>Cwm Taf Public Serice Board (Climate<br>Action)<br>12,000<br>35,902<br>Ripple Energy Community Benefit Fund<br>47,808<br>Amser Carers Trust Grant<br>10,270<br>Institute of Leadership<br>2,363<br>WCVA: Youth Led Grant<br>2,320<br>174,115<br>147,348<br>**TOTAL FUNDS**<br>1,195,104<br>216,607|Gains and<br>losses<br>£<br>38,534<br>38,534<br>Transfers<br>between<br>funds<br>£<br>(244)<br>244<br>244|Movement<br>in funds<br>£<br>26,531<br>10,449<br>1,760<br>(8,590)<br>(10,443)<br>104,673<br>(1,973)<br>45,067<br>23,803<br>169,018<br>6,000<br>5,000<br>344,764<br>371,295<br>At<br>31.3.25<br>£<br>1,090,004<br>15,383<br>4,383<br>1,072<br>26,005<br>111,245<br>11,734<br>40,978<br>47,902<br>47,808<br>10,270<br>2,363<br>2,564<br>321,707<br>1,411,711|
|---|---|---|



Page 24 

continued ... 



**INTERLINK RCT** 


## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **18. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>Core<br>**Restricted funds**<br>CTMUHB (Building Strong Bridges/Core)<br>Grants Administered fr other organisations<br>Building Communities Trust Penywaun<br>Graig and Penycoedcae Community Fund<br>ICF Grants<br>RIF Wellbeing Coordination Serice<br>Mental Health Digital Inclusion Grant<br>Mental Health<br>Cwm Taf Public Serice Board (Climate<br>Action)<br>Ripple Energy Community Benefit Fund<br>Amser Carers Trust Grant<br>Institute of Leadership<br>WCVA: Youth Led Grant<br>**TOTAL FUNDS**|Incoming<br>Resources<br>Gains and<br>Movement<br>resources<br>expended<br>losses<br>in funds<br>£<br>£<br>£<br>£<br>904,091<br>(862,592)<br>27,760<br>69,259<br>82,984<br>(67,601)<br>15,383<br>5,000<br>(6,165)<br>(1,165)<br>102,454<br>(181,700)<br>(79,246)<br>(9,443)<br>(9,443)<br>6,000<br>6,000<br>919,876<br>(841,725)<br>78,151<br>(1,973)<br>(1,973)<br>169,447<br>(128,469)<br>40,978<br>39,803<br>(3,901)<br>35,902<br>316,245<br>(268,437)<br>47,808<br>176,000<br>(165,730)<br>10,270<br>5,000<br>(2,637)<br>2,363<br>6,650<br>(4,330)<br>2,320<br>1,829,459<br>(1,682,111)<br>147,348<br>2,733,550<br>(2,544,703)<br>27,760<br>216,607|
|---|---|



## **Transfers between funds** 

During the year a review of the restricted funds took place. As a result of this review it was identified that one brought forward fund was incorrect, as a result of this we have corrected it by doing a transfer between unrestricted and restricted as shown on Note 17. 

## **19. RELATED PARTY DISCLOSURES** 

Due to the nature of the organisation and its members and trustees being drawn from a wide range of local organisations, it is inevitable that transactions will take place with organisations in which a member / trustee of the organisation may have an interest. 

## **20. RESTRICTED FUNDS** 

## **Welsh Government - Third Sector Support Wales** 

Interlink receives funding from Welsh Government through WCVA to provide support, advice and training to community and voluntary groups and volunteers under the pillars of sustainable funding, good governance, engagement and influence, and volunteering. 

## **Welsh Government Regional Investment Fund - Cwm Taf Morgannwg Regional Partnership Board** 

This funding enables Interlink to employ a team of Wellbeing Coordinators to work with throughout RCT, including with GP Practices and health and social care professionals to assist people to find support to address their social, emotional and/or practical needs, working closely with community and voluntary groups and other partners. 

## **Cwm Taf Morgannwg University Health Board (CTMUHB) - Building Strong Bridges and Core** 

Page 25 

continued ... 



## **INTERLINK RCT** 

## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2025** 

## **20. RESTRICTED FUNDS • continued** 

Along with a core grant. this service level agreement with CTMUHB enables Interlink to involve and represent community and voluntary organisations in working in partnership with the Cwm Taf Morgannwg University Health Board to support and involve the Sector and identify opportunities. It supports Interlink in its role to provide advice, information and networking opportunities to enable community and voluntary organisations to fully contribute to improving health, social care and wellbeing. Interlink received an additional amount for a scoping paper on the potential for CVCs to support the Welsh Government's Promote, Prevent and Prepare for Planned Care (the 3 P's) initiative. 

**Cwm Taf Morgannwg University Health Board (CTMUHB) - Mental Health Involvement and Coordination** Interlink delivers a service level agreement involving people with lived experience and community and voluntary groups to work in partnership with the Health Board to co-design, develop and improve mental health services. 

## **Rhondda Cynon Taf County Borough Council (RCTCBC).** 

Interlink delivers a service level agreement to support community and voluntary groups, promote volunteering and provide local services working alongside RCTCBC and RCT Together including involving members in the Health Determinants Research Collaborative. 

## **Pen y Cymoedd Windfarm Community Fund CIC** 

Interlink receives funding to support the Community Advice Team work with partners to deliver advice and support to community and voluntary organisations in the Pen y Cymoedd Windfarm Community Fund area. 

## **Cwm Taf Public Service Board** 

Interlink RCT received support from Cwm Taf Public Service Board to identify and promote those community and voluntary organisations taking action on climate change, working alongside RCT Climate Action Network (RCTCAN). 

## **Welsh Government Youth-led Grant Scheme** 

This is a youth-led grant scheme, funded annually through WCVA from the Welsh Government, administered by Interlink. Applications were made to Young People's Panel who award grants to youth-led projects to support young people's volunteering. 

## **GRANTS ON BEHALF OF OTHER ORGANISATIONS** 

## **Small Grants - Graig Fatha Community Coop Limited** 

This community benefit fund provides small grants to community and voluntary groups to improve health and wellbeing, tackle climate change and help with the cost of living. This is funded by community benefit payments from Graig Falha Community Coop (via Ripple Energy) related to the Graig Fatha Wind Farm. 

## **Carers Trust Wales Amser Grant Scheme** 

Interlink RCT received funding from Carers Trust Wales for a community grant scheme to increase the availability and accessibility of short breaks for unpaid carers across Rhondda Cynon Taf and Merthyr Tydfil. 

## **The Taff Ely Wind Farm Community Fund** 

The Fund allowed Interlink to provide small grants in the area of benefit of the wind farm operated by Ventient Energy Limited. 

## **The Graig and Penycoedcae Community Fund** 

The Fund allowed Interlink to provide small grants related to the community benefit payments from a small solar farm. 

## **Invest Local, Penywaun** 

Interlink acted as the grant recipient body for the Penywaun Invest Local Group, employing a Community Development Officer to support the groups address local priorities. Invest Local is managed by Building Communities Trust (BCT). Interlink RCT is no longer the recipient body for this project; spend reports have been finalised and any monies not spent have been returned to BCT. 

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## **INTERLINK RCT** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

||2025|2024|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Other trading activities**|||
|Consultancy and training||2,500|
|**Investment income**|||
|Other fixed asset invest - FIi|9,322|8,322|
|Deposit account interest|15,971|17,260|
|Interest on cash deposits|171|**244**|
||25,464|25,826|
|**Charitable activities**|||
|Grants|1,186,062|1,480,026|
|**Other income**|||
|Other Income|3,603|1,978|
|Simon CEO wages||8,091|
||3,603|10,069|
|**Total incoming resources**|1,215,129|1,518,421|
|**EXPENDITURE**|||
|**Investment management costs**<br>Porolio management|4,409|4,177|
|**Charitable activities**|||
|Wages|718,962|628,367|
|Social security|69,733|62,917|
|Pensions|56,178|50,797|
|Insurance|7,904|6,579|
|Telephone|7,348|12,666|
|Postage and stationery|7,744|6,805|
|Advertising|11,209|3,678|
|Premises expenses<br>WG Covid 19 Recover|13,732|12,452<br>1,973|
|Grants Paid|146,137|118,132|
|Travel and subsistence|6,503|4,524|
|Training and Events|40,132|30,309|
|Computer cost|47,681|30,173|
|Grants for other organisations|37,031|740|
|Pen y Waun|60,303|98,878|
|Consultancy<br>Recritment Costs|4,017<br>1,529|2,760<br>209|
|Graig & Penycoedcae Community|(1,000)|10,443|
|Amser Carers Trust|80,004|82,000|
|Bank charges|68|524|
|Vol Factor grants|5,005|5,956|
|Computer equipment||1,426|
||1,320,220|1,172,308|



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## **INTERLINK RCT** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

||2025|2024|
|---|---|---|
||£|£|
|**Suppor costs**|||
|**Management**|||
|Sundries|9,807||
|**Other 2**|||
|Hmrc Charges|600||
|**Suppor costs**|||
|Auditors' remuneration|10,510|9,175|
|Total resources expended|1,345,546|1,185,660|
|**Net (expenditure)/income before gains and**|||
|**losses**|(130,417)|332,761|
|**Realised recognised gains and losses**<br>Realised gains/(losses) on fxed asset investments|(10,774)|38,534|
|**Net (expenditure)/income**|(141,191)|371,295|



This page does not form part of the statutory financial statements 

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