COMPANY REGISTRATION NLJM8ER'. 07058600 CHARITY REGISTRATION NUMBER: 11421S9 Diverse Excellence Cymru Limited Company Limited by Guarantee Financial Statements 31 March 2024 WALTER HUNTER & CO LIMITED Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF Diverse Excellence Cymru Limited Company Limited by Guarantee Flnanclal Statements Year ended 31 March 2024 Pago Trustee's annual report (incorporating the directorfs report) Independent auditors report to the members 10 Statement of financial activities {including income and expenditure account) 15 Statement of financial position 16 Statement of cash flows 17 Notes to the financial statements 18 Diverse Excellence Cymru Limited Company LIMIt￿ by Guarantee Trustee's Annual Report (Incorporatsng the Director's Report) Year ended 31 March 2024 TnBte88 rnport 202312024 Over the last year the tgam al Diverse Cymru had conts'nued the charity's important work in proVid￿g dynam￿ and innovative SUPkXJrt to organisations and communitie8 across Wales under increasing drfficult )Inancial circumstances. Diverse Cymru eonlinued lo aclivety 8UPPOrt its mission through the delivery of seNices that reduced inequality, promoted awareness of equality issues, and enabled people affected by inequalty to engage and speak for themselves. t)uring the year, services included Independent Professional Advocacy $ervi¢e$ for srKial seNi¢es ch'enls in the Vale of Glamorgan, and mental he8￿h recovery support seNices for Black, Asian and minority ethn¢ people. engagement and training programmes, all of which hèlped Diverse Cymru lo directly support th8 communf(18S W8 worked with. This year saw th8 @nd of the organisatH)n's delwery of Direct Payments support serV￿e$ following the transfer of our final contracted service lo the local authority. Naw developmènts In this year Included a new social action Chlldren In Need funded project undertaken by our HYPE Cymru project with Black children and young peopl&, the start of our administering Welsh Governmenvs Culture Grant Scheme ft)r Gras$rool Or9anis*ions, that wouk distribute £455,000 lo small and local minority ethnic grassroot organisations up to December 2024. In this year, we also started a new partnership with Cardiff University. engaged as a Taf(h Champion on their cultural exchange programme, lo ensure equitsble access to these excf(ing QPPQrtunilie$ for underrepresented groups. Diverse Cymru's Cuttural Competency Certrfication Scheme continued to work wth over 160 workplaces across Wales and beyond, supporting organisalions to IMP￿Ment g¢Jod workpL4ce practice, ensuring services are fair and equrtable for Black, Asian and Minority Ethnic people in Wales. 202412025 and beyond During the year, the CEO, senior18adership team and Trustees Sought to ensure the financlal slablllly of the charty, faced wfth increasing costs and increasing demand for our services. Early in 2024, the eharity entered merger discussions with Adferiad Recovery, an organisation that has had a lengthy Supportive relationship with Dwgrsa Cymru over a numb8r of years, led by ils CEO. The merger look place successfully on 1 April 2024 when Diverse Cymru joined Adferiad Recovery. ensuring that Ihe obj8Cts of the charity conlinue and th* all projects, staff and seNices are prot￿ted and Continue in their delNery. We w¢)uld like to thank the pr&vios Diverse Cymru team for thèir hard work and dediealion lo our charity and its mission. Thi8 includes everyt)ody working wthin Diverse Cymru, especially Chris Dunn our CEO. who put so much Into leading the charty and champloning its wort< and securing the merger. Thanks a159 go out to Nick de F￿uPire￿Q. Interim Chair of Dwerse Cymru's Board of TNstees and all Trustees who have guided and supported the CEO and the team at this cnjcial time. Diverse Excellence Cymru Limited Company Limlted by Guarantee Trustee's Annual Report (Incorporating the Dlrectorfs Report) I￿n￿￿e￿) Year ended 31 March 2024 Reference and admini5tratNe detai15 Registered charity name Diverse Excellence Cymru Linl(ed Charity rogi5tration number 1142159 Company reglstratlon number 07058600 Prlnclpal offic* and regist8red 36 Princes Drwe offic Cown Bay Wa￿$ LL29 8LA The trusteè Mr J Williams Mr B Coales Ms R Gibson Mrs H Roberts Mr N de Figueireéo (Retired 31 March 20241 (Retired 25 July 20231 (Retired 31 March 20241 (Retired 31 March 20241 (Retired 31 March 20241 (Served from 23 May 2023 to 31 March 20241 (Served from 23 May 2023 to 31 March 20241 (Appointed 1 April 2024) (Appointed 1 April 2024} (Appointed 1 April 20241 {Appoint8d 1 April 20241 Mr J Hunt Mrs J Mfjlliams Mr S Green Mr C Wolfendale Mr H Jones Dr D Morgan ap Dafydd ompany secretary Marian Williams Audttor wa￿er Hunter & Co Limited Chartefed accountants & statutory audlior 24 Bridge Streèt Newport South Wales NP20 4SF Diveise Excellence Cymru Limited Company Llmited by Guarantee Trustee's Annual Report (Incorporating the Directovs Report) (¢oniinu4o) Year ended 31 March 2024 structur8. governance and management Goveming Document The organisalion wa$ fomed as a Gompary limited by guarantee and is govemed by the Memorandum and Articles of Association. 11 was in¢rxporate(l on 27th October 2009. registered as a Charity on 22nd February 2011 and slartgd to operate on 1st April 2011. This followed the amalgamation of existing organisalions.. Awetu and the Cardrff & Vale Coalition for Disabled People. Aw8tu I'our Unity. in Swahili) was a registered charty set up in 1988 as a resu of thé gromng concern among a number of professional workers at the over representation of Black clients within the mental health services and the need to improve the sensltivity of these services to lack people's ngeds. Cardrft & Vale Coalition for DIs8bfed People, a Company Limited by guarantee, was created in 1991. It was established from the outsel a$ an organisati)n for disabled people that could challenge barriers., bring disabled people together lo campaign on relevant issues such as education, employment, housing, transport and strengthen the voices of disabled people in the community and in decision making. The assets, liabiliti8s and actNities of this charty were transferred to Adferiad. a ￿gIste￿￿ ¢harrty with simiSar objectives, on 1st ￿)ri1 2024. Structure & R8cfultment The Directors were also Tru81ees of the Charity. The Board of Trustees had slra18gic ov8rsight, in line with charity law. The CEO was an ex officio member of the Board by virtue of their role as Secretary and were suppgrted by SMT in the adminislralion of the operational re5ponsibilrty for the charty. Rl8k Rovlew All major risks to which the Charity became exposed to, are identif*d by the Trustees these were reviewed and sys18ms or procedures established to manage those risks. The following key principl8s outlin8 Diverse Cymru's approach to risk managèment and internal ¢ontr¢l in 202312024.. Thè 8oard of Trustees has responsibilty for over￿Ing risk management wthin Diverse Cymru as a whole. A risk register is maintained and updated as required. An open and receptive approach lo solving risk problems is adopted by the Board of Trustees. The CEO and Senior Management ream (SMD offer support, advice and impl8m&nt policies and procedures agreed by the Board of Trustees. Diverse Cymru reeognises prudent disclosure of financial and non-financial implications of risks. The Trustees, CEO, SMT and other key staff are responsible for encouragin9 good risk management practice wrf£hin thair araas of work. Diverse Excellence Cymru Limited Company Llmltsd by Guarantee Trustee's Annual Report (Incorporating the Directorf8 Report) f¢othuedJ Year ended 31 March 2024 Objectlves and actlvltles sion & Objectives Charity's obje¢ts are Spe¢rf￿al￿ restrKted lo promoto equalty and diversity for tho benefit of the public by seeking lo eliminate discrimination in all its fomis, in particular but not exclusively, by the provision of advice, information and training. This vision will Gontinue under the umbrella of Adferiad in 202412025. Achievements and p¢rfomian¢e Over the last year Diverse Cymru has continued to provide high qualty services that make a real difference lo the live5 of the people who we support. The demand for our client f&ing seNiees has ctsntinued to increase over the last year, with both our A£fvO￿Y and Mentsl HeaEth support servi￿$ having to irnplemenl waiting lists for 8UPPOrt. The Diverge Cymru CuKural Competency Certrficalion Scheme has experien¢ed huge gr¢)wth in this year and now 8UPPOrt8 over 160 workpla￿$ across Wales and beyond. During tha yèar, th8 Cumural CoMp&len¢y Certifi¢ation Scheme team, other team members and Community volunteers took part in a successful cuf(ural exchange trip to c￿e. Support￿ by Cardrff Unwersty's Tarth programme, to develop resources to expand the Scheme'$ delivery to the adult education sector. Following this. Diverse Cymfu entered a commissioned contract with Cardrff University, lo support underrepr8senled groups and organis*ions lo apply to Tailh and undertake their own cu￿U[al exchange. HYPE Cymru concluded its successful partnership with WoodlarKI Trust on a children and young person's mental wellbeing and social prescribing project ond began a social aclKJn project for Black ¢htldren and young people up to 18 years, supportsd by Children in Need. This year saw the organisation develop some excf(ing new projects. Commissioned to deliver Welsh Government's Culture Grants Scheme for Grassroot Organisalions, the scheme is providing Small, Medium and Capf(al grants to grassroot groups across Wales lo a total of £455,000, as part of Welsh Government's Anti-Racisl Wales Action Plan. Our partnership with Marie Curie on the Wales Bereavement Infornation and Support Serwce is fcKused on ensuring that the individual and group svpport is Cumural￿ competent lo Wales's diverse populalh)ns. This will continue in 202412025 under the Umbrel￿ of Adferi8d. Diverse Excellence Cymru Limited Company Limitèd by Guarantee Trustee's Annual Report (Incorporatlng the Dlrectorfs Reportl (conth¥uedJ Year ended 31 March 2024 Advocacy Our AdvcLacy service provid88 a voice to Ih08e experiencing barriers to access SUPPOrt, through advice, guidance and direct adv(xacy. Our seNices for the Vale of Glamorgan C¢uncil Adult Social Services exceeded the number of client's Supported, wth work undertaken including weware benefits (applications. assessments, appeals and Tribunal repreSentat￿ns>. social care. housing and omplaints against public bodres. The partnership with Creu Cymru on the Hynl Scheme has continued to support peop￿ applying for a Hunt national theatre and arts access card. supported by Arts Council Wales. This will continue in 2024r2O25 under the umbrella of Adferiad. Menlal Health Hub Diverse Cymru's Mental Health Hub is a wellbeNIg serV￿e for Black Asian and Minority Ethnic communities providing one to one mental health recovery support and culturally competent counselling. creating pathway5 to better mental health. We have continued lo have an increase in rof8rrals to th8 sarv￿a, in Cardrff and the Vale of Glamorgan, and w8 havg had to rethink hcpN we could work more efficienlty to meet the demand for the seNKe, this has including developing additional partnerships and increasing group therapy and peer support actwits'es. Our mental he8tth and wellbeing project ftjnded by the natM)nal lottery People and PLqces c(￿nmunty grant in Wesl and North Wales has seen a good increase in the number of peopk referred into the projeet and supported by our specialty trained recovery workers. Thi$ will continue in 2024r2025 under the umbrella of Adferiad. Cultural Competsncy Certlflcatlon Scheme The Diverse Cymnj Cuhur81 Competency Certlfication Scheme works wrth leaders and organisalons lo ensure better out¢ome$ for Black. Asian and ethnic minority people across a wide range of servi¢es. Thi8 year the scheme went from strength to strength. and we are now supwknng ov&r 180 workplaces. In October 2023, we held our first face to face Certificate Presentation Event al City Hall, Cardiff. Speakers included then First Minisler Mark Drakeford as well as recorded speeches by Vaughan Gething MS and Jane Hutt MS and 18 organisations received their well-deseNed awards. This will continue in 2024r2025 under the umbrella of Adferiad. HYPE Cyrnru This year saw the delivery of fvlo projects to ethnic minorty children and young people in Wales. Our partnership with the Woodland Trust 8Xtend8d our 'Gr88n Prescription,, with a year long proj8cI funded by Natural Resources Wales under the banner of Iknatured￿snldlscrIrnInale. The second project continues and is a social action project for Black children and young people up to 18 years old supported by Children in Need. This project sees a regular advisory group developing reSoUr￿S to help other Black children eXperienc￿g racism and microaggres5ions. This will continug in 2024r2025 under the umbrella of Adfariaj. Diverse Excellence Cymru Limited Company Limited by Guarantee Trustse's Annual Report (Incorporating the Director's Report) (conllnuod) Year ended 31 March 2024 Culture Grant Scheme for Grassroot Organisations Commissioned by Welsh Government, the charity has administered the Culture Grant Scheme for Grassrool Organisations, one of a range of activi(ies taking place to support Black, Asian an mlnority ethnic peopb. in¢luding people from Gypsy. Roma and Traveller communrties, to have equitoble aC￿sS lo and involvement in cukural activities. During the year we have made 2 grant calls lo small groups and organisalion apply to small, medium, large and ￿PItal grants from under £1.000 up lo £30,000. Over 40 organisalions from across Wales have b￿￿ awarded grants with some projects now ￿CLuded and others due lo complete by December 2024. This will continue in 2024r2025 under the umbrella of Adferfad. Taith Champlon Tarth is an intemalional leaming exchange programme estsblished lo create life-changing opportunities for people in Wales to lèarn, study and volunteer all over the world. 11 15 for people in 8very part of Wales, and in every type of education setting. As the Tallh Champ￿￿ for Adutt Education, the charity has offered support lo underrepresented organisalions applying for the Tafth programme. including raising awareness, providing adviee and guidance, project development support, logistical support, and ongoing support throughout the implem8ntalion of the project. This will continue in 202412025 under the umbrella of Adferiad. Wales Bereavement Information Support Serylce In partnership with Marie Curie. this is a freo, national service that offers ongoing support from volunteers, bereavement counselling and group support providing safe spaces for people lo talk and share Ihelr feelings. Diverse Cymru's role in the partnership has been to 8nsure that the support is cutturally acces$ible to ethnKalty dwerse communities. This will continue in 2024r2025 under the umbrella of Adferiad. Diverse Excellence Cymru Limited Company Limited by Guarantee Trustee's Annual Report (Incorporating the Director's Report) fcojthueol Year ended 31 March 2024 Pollcy. Tralnlng & Consultancy Diverse Cymru has a proven track-record of ur￿erStsndlng the experiences of mutti-charac18risIic individuals and communities. The provision of a training and con$ullan¢y service conlribules to the organisation's profile and reputation as experts in th8 elimination of discrimin81ion and inequality and to dirgclty improving the experiences of people affected by inequalty in Wales. During this yèar, the expertise of this departrnenl was in increasing demand providing specialist equalty training to a wide range of publiG, third and privak seGlor organisalion5 across Wales. Finally, as we transition to a n&v era for Diverse Cymru, we want to express our sincere thanks to all (￿r staff, trustees, volunteers. Client$ and partners for their dodicalion and commitment ensuring we build a more equal Wales for the people who use our services. Flnanclal review Results for the year This is the twelfth arKJ final year of opeialion for this charity as a stand alone entity. There was a deficit for the year of £132.964 in 202312024. It has not proved possible lo stem the continued deficits desprte the signifKant efforts by both staff and trustees. The charity's activities have therefore been transferr6d to another charity wherè the projects in place can continue. ReseNos Pollcy The un￿$t￿¢t8￿ ￿S¢[YeS totalled Q07,052 8131 Marth 2024, and wtre tranSfe1￿j to Adferiad on 1 April 2024. Mattrlal Investm¢rts Policy The Bank Accc4Jnl is revSewa dalty. The charity not have sufficient funds lo invest elsewhere. Diverse Excellence Cymru Limited Company Limited by Guarantee Trustse's Annual Report Ilncorporating the Directorfs Report) (conthued) Year ended 31 March 2024 Golng Concern and plans for future perlods After much deliberation and consideration. the Trustees effected a transfer of th& charity's assets. Liabilities and xtivities lo Adferiad wf(h effect from 1 April 2024. Trustee's responslbllliles ststement The trustees. who are also directors lor the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordan￿ wrth applicable law and United ngdom Accounting Standards {United Ksngdom G6neralty A¢¢epled Accounting Praclicel. Company law requires the ch?rity trustees to prepar& financial ststements for each year which glve a tru8 and fair view of the stale of affairs of the charitable company and tha incoming resources and application of resources, including the income and expendrturp. for that period. In preparing these financial statements, the trustees are required lo.. select Suitab￿ accounting policies and then apply them ¢onsi$lenlty', obseNe the methods and principles in tho applicable Charities SORP,. makéjudgments and accounting estimates that are reasonable and pnjdent.. Stale whether applicable UK Accounting Standards hav8 been followed, subject to any material departurts diselosèd and explained in the financial slatemgnls,. pr8pare the financial statements on the going concem basis Un￿8$ it is inappropriate lo p￿SU￿￿ that the charity will continue in business. The Iruslees are responsible for keeping adequate accounting records that are sufficlent to sh¢)w and explain th8 charity's transactions and disclose with reasonable aceuraey at any lime the financial position of the charity and enable them lo ensure that the financial slalements cornply with th8 Companies Act 2006. They are also responsible for safeguardlng the assets of the Charity and hence for tsking r￿on￿ble step5 for the prevention and detection of fraud and other &r￿ula￿lIeS. Diverse Excellence Cymru Limited Company Limited by Guarantee Trustee's Annual Report (Incorporating the Director's Report) fconttnued) Year ended 31 March 2024 Audltor EaGh of the persons who is a trustee al the date of approval of this report confirms Ihal.. so far as they are aware, there is no re18vanl audit inforrnalion of which the charty's a￿jrtor is unaware.. and they have taken all steps that they oughl to have tsken as a trustee to make themsefves aware of any relevant audit infomialion and to establi8h that the charity's auditof is aware of that uiformation. The audf£or is deemed lo have been re4ppoinled in accordance with section 487 of the Companies Aet 2006 Tha Iruslee's annual report and the strategic repart were approved on 18 Sept8mber 2024 and signed on behalf of the board oftruslees by.. C Wolfendaie Trustee Diverse Excellence Cymru Limited Company Limited by Guarantee Independent Audito￿5 Report to the Membars of Diverse Excellence Cymru Limited Year ended 31 March 2024 Oplnlon We havg audited the financial statements of DIVe￿e Ex¢ellenGe Cymru LThf(ed {th& 'chariW for the year ended 31 March 2024 which comprise the statement of financial activities {including incom8 and expenditure account), statement of financial posrtion. statement of cash flows and the related notes, including a summary of signrficanl accounting policias. The financial reporting framework that has been applth in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The FinanrAal Reporting Standard applicable in the UK and Republic of Ireland IUnit8d Kingdom Generally Accepted Accounting Practicel. In c￿r opinion the financial statements.. give a true fair view of the state of the ch8nty'5 affairs as at 31 March 2024 and of its incoming resources and application of rasources, including ils income and expendf(ure. for the year then ended-, have beèn property p￿pared in a￿c*danCe wrf(h United Kingdom Generalty Accepted Accounting Pract￿e.. have been prepared in aceordan¢e with the ftquiremenls of the Compan￿5 Act 2006. Ba818 for opinion We conducted our audr( in accordance with Intsrnational Stsndards on Auditing IUIQ IISAS {UKI) and applitsble law. Our responsibililios under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fijlfilled our other ethical responsibilities in accordanca with these requirements. We beliève that the audit emdence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Going Concern We draw attention to note 3 of the financial stalerrEnts (going concern) wh￿h explains that thè assets, liabilities and activitie5 of the charty were transferred lo another charity with similar activities after the year*nd. A￿ordinglY, we do not consider it app￿priate lo adopt the going concem basis of accounting in preparing the financial stataments. Accordingly, the ffnancial slalemenls have been prepared on a basis othor than a going concem as described in Note 3. Our ownijn is not mctyjified in respect of this matter 10- Dlverse Excellence Cymru Llmited Company Limited by Guarantee In(Jependent Auditorfs Report to the Members of Diverse Excellence Cymru Llmited (¢onthwd) Yoar endad 31 March 2024 Other inforniation The other information comprises the infornatFJn included in the annual report. other than the financSal stal8m8nls and our audftols report thereon. The Iruglee is responsible for the other infom)alion. Our opinion on the financial statements does not CDver the other Information and, except lo the extent otheNise explicitty ststed in our report. we do not express any form of assurance con¢lusiDn thereon. In connection wf(h our audit of the financial statements. our rasponsibility is to read the other information ané. in doing 50, collsKJer whether the other information is mat8Tially inconsistent with the financial sla18m8nts or our knowlèdga obtained in the audit or othewise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material mis$talemenl8. we are required lo determine whether there is a material misstatement in the financial statements or a material mi$stalemenl of the other information. If. based on the work we have performed, we conclude that ther8 is a material misslatem8nt d this other infornation. we are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by tho Companles Act 2006 In our opinion, based on the work undertaken in the ¢ourse of the audit-. the infomation in the trustee's report for the financial year for which the financial statements ar8 prepared is consisl8nt with the financial statements,. and the Iruslee's report has been prepared in accordance with applicable kgal requirements. Matters on which we arn required to report by exception In the Ilghl of the knowledgè and understanding of the charity and its environment obtained in the urse of the audit, we have not idenlrfiad malarial misstalem8nls in the trustee's report. We have nothing lo report in respect of th& followin9 mattern in reiation to which the Companies Act 20C6 requires us to rewrt lo you rf. in our cyinlon.. adequate accounting records hav8 not been kept, cx retums adequate for our audr( have not baen received from branches not visited by us,. or the financial statements are not in agreement Wth the accounting records and returns., or certain disciosures of Iruslee's remuneration specifi&¥ by18w are not made,. we have not receiv￿ all the infornialion and explanations we requir8 for our audit. 11 Diverse Excellence Cymru Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Diverse Excellence Cymru Limited Year ended 31 March 2024 Responsibilities of the trustee As explained more fully in the trustee's responsibih'lie$ ststernenl, the trustee (who is also the director for the purposes of company tawl is responsible for the praparalion of the financial slalements and for belng satisfied that they give a true and fair Mew, and for such intemal control as the trustee delemiines ES necessary to gnable the preparation of ftnanckgl slalemenls that are free from material misstatement. whether due lo fraud or error. In preparing the financial statements. the Iruslee is responsible for assessing the challty's ability to nlinue as a going concem, disclosing, as applTcable, matters relat￿ to going concem and using the going concern basis of accounting unless the trust8& 811h8r intends to liquidate the charity or lo cease operations, or has no realistic allernalNe but to do 80. 12- Diverse Excellence Cymru Limited Company Limited by Guarantee Independent Auditorfs Rèport to tho Members of Diverse Excellence Cymru Limited (¢onlin¥¢dJ Year ended 31 March 2024 Audltorfs responsibiliti88 for tho audlt of the flnanclal ststements Our objectives are to obtain reasonable assurance about whether the financtal slalements as a whole are free from material misstatement, whether due lo fraijd or 8rror, and to issue an auditor's report that cludas our opinion. Reasonable assurance 18 a high level of assuran￿, but is not a guarantee that an audit conduded in occordance with ISAS {UKI will always delect a material misstatement when it exists. Mi5slatement5 can arise from fraud or error and are considered material if, individualty or in the aggregalo, they could reasonably be expected lo influence the economic decisions of us8rs taken on the basis of these financial statements. ITregularitie5, including ftaud. are instances of non-compliance with laws and regulations. We design procedures in line with our r8spon$ibilities, outlined above, to detect material misstalemenls in respect irregularities. including fraud. The extent lo which our procedutss are capable of detecting irregularitses, including fraud is detalled bebw.. enquiring with senior rnanagamgnl and those charged with govèmance all area of rll8k vjenlrfied were ¢on8idered and any potential litigation or claim, rf any, were noted Ensuring by enquiry that the￿ We￿ no issues of non-comF4iance w￿h laws and regulation5 relating lo tax and compliance By obtaining an understanding of th8 charity5 policies and procedures on compliance wth law5 and regulations. and with best accounting practice Nots'ng issues di$cuss&d wth trustees, and the senior managem8nl t8am as thi8 relates to risks faced by the charity R8viewing information received from the charity's solicf(ors, rf any and discussing their ¢ontents with the trustees, Revwing ￿lSCIo$ureS in th8 financial ststements and testing to supporting documentalK)n lo assess compliance with applicable laws and regulations Auditing the risk of management overrides of controfs induding testing Journal entries and other adjustments for appropriateness and evaluating the business rationale (rf signrficant transactions outside the nofmal course of business Con5Klering the effect on risk lo the charity of the Covid-19 pandemic and the UICS departure from the EU. In particular to note whether any $uch issues would affect the charity's abilty to continue lo trade. Thr￿gh these procedures, we did not bgcome aware of aGtual or Suspect￿ nonllnued) Year 8nded 31 March 2024 Expendlture on charltable activities by fund type (continued) Unrestricted Funds Restricted Tol81 Funds Funds 2023 WG Community CohesKsn Anti Racist Audit NHS Cultural Competency Scheme Welsh Govemmenl Section 64 Communty Room Children in Need Policy Management Policy Training Vale of Glarnorgan Welsh Govemmenl Cultural Competency Certifiealton Just Fair Mental Health Additional Natural Resource Wales HAFAL LHB Additional Cardiff and Vale University Health Board Mental Health Grant Direct Payments- Newport Direct Payments- Wesl Wales Direct Payments- Gwynedd Direct Paymenl$- Swansea Lottery Welsh Govemmenl- Mental Hea￿h Recovery Support Fund Summer of Fun WCVA- Advocacy Tailh Cardrfl University Hype Ind8pend8nl Ag8 Advocacy Cardrfl Mel Welsh Govemmenl Toolkit Marie Curie Support CO515 38.282 420 98,664 76.623 3.120 895 5.350 31,299 33,048 37,216 475 11,850 23.272 41,586 17,914 36,282 420 98,664 76,623 3,120 895 5,350 31,299 33,048 37,216 475 11,850 23,272 41,586 17,914 11 87,147 87,147 31,402 86,222 75,223 54,543 70,733 31,402 86,222 75,223 54,543 70.733 47,864 4,415 2.253 7,364 5.207 3,450 14,198 165 5.000 27,910 47,864 4,415 2,253 7,364 5,207 3,450 14,198 165 5,000 27,910 156,219 158,219 403,609 693,720 1,Q97,329 -24- Diverse Excellence Cymru Limited Company Limitsd by Guarantee Notes to the Financial Statements (¢oftthuedJ Year ended 31 March 2024 Expenditure on charltable a¢tlvltles by activity type AclNities undertaken diréclty Support costs Totsl funds 2024 Total fund 2D23 WG Communty Cohesion Anti Racist Audit NHS Cultural Competency Scheme Vvelsh Govemment Section 84 Community Room Chiklren in Need Funding & Project Management Poliey Management Policy Training Vale of Glamorgan Welsh Govemmenl Cultural CornpetenGy Cèrtification Just Fair C3SC Mental Health Additional Natural Resource Wales HAFAL Mind CC LHB Additional Cardiff and Vale Universty Health Board Mental Health Grant Direct Payments- Newport Direct Payments- Wesl Wales Direct Payments- Gwynedd Direct Payments- Swansea Lottery Central Costs Welsh Govemment- Mental Health Recovery Support Fund Summerof Fun Postcode Community Trust WCVA. Advocacy Tailh Tailh Champions Cardiff Unwersty Hype Bayolubele Independent Age Advocacy Cardiff Met strat8gic Plan- USW Welsh Government Toolkll Marie Curie Cultural Coryet8ncy C6rtificale Culture Grant Scheme USW Workshop 36.282 420 98.664 76.623 3.120 14.580 257.423 14.$80 257.423 489 20,144 4,999 39,187 16,877 31,305 20.144 4,999 39.187 16.877 31.305 5,350 31,299 33,048 18,989 18,989 37,216 475 2.750 2.750 11.850 23,272 41.586 37.014 37,014 38,367 38.367 17,914 66,S97 11.045 41,514 63,137 95.061 97.497 66.597 11.045 41.514 63.137 95,081 97,497 39.604 87,147 31,402 86.222 75.223 54,543 70,733 156.219 39,604 911 911 47.864 4,415 25,000 25.000 2,253 7,364 33,957 20.953 4,000 33.957 20.953 4.000 5.207 3,450 2,000 25.802 2.000 25,802 14,198 165 7.850 1,000 30.634 9,179 18.327 1,000 7,850 1.000 30,834 9,179 18,327 1.000 1.077.192 5.000 27.910 1,037,588 39,604 1,097,329 -25- Diverse Excellence Cymru Limited Company Limited by Guarantee Notes to the Financlal Ststements (eo*ptlnued) Year ended 31 March 2024 10. Analysls of support costs Central Costs Total 2024 Total 2023 Staff costs Premises FinaTr￿ costs Govemanee costs other office costs Depreciation 9,598 3.144 743 14.745 8,685 2,689 9,598 3.144 743 14.745 8,686 2.689 18,5S3 33,824 1,657 38,467 25,656 38,CÉ2 39,604 39,604 156,219 11. Net expenditure Nel expenditure is statèd after ch8ryingllcredf(ingl'. 2024 2023 Amortisation of ils database Depreciation of tsngible fixed assets Audit fee 35,770 2,292 7.200 6.007 7.920 12. Stsff costs The 10181 staff costs and employee benefrts for the reK)Orting pgriod are anatysed as follows.. Wages and salaries ial security costs Employer contributions lo pension plans Other employee benefits 668,137 44,113 13.722 217 690,891 52,989 15,147 726,189 759,027 The average hea count of employees during the year was 31 12023.. 31). The average number of full-lime equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number of stsff 23 27 No employe8 recewed employee benefrts of mc*e than £80.￿0 during the y83r {2023. Nill. -26- Diverse Excellence Cymru Limited Company Llmlted by Guarantee Notes to tha Financial Ststements (contsnuedj Year ended 31 March 2024 13. Trustee remuneration and expenses No trustee received any ramLtneralion during the year12023'. £nill. All trustees are enlilled lo claim expenses for attending meetings, tsvo trustees claimed a tt)tal of £nil in respe¢t of meeting expenses (2023: £268). 14. Transfers beiween funds There were transfers be￿een funds during the year of £31,541 (2023". £50,319}. 15. Tanglbl8 fSx8d assets Land and Fixtures and buildings fittings Equipm8nt Totsl Cost At 1 Aprll 2023 and 31 March 2024 Depreclation At 1 April 2023 Gharye for the year At 31 March 2024 5,307 14,939 97,007 117.253 5,307 14,939 91,000 6,007 111,246 6.007 5,307 14,939 97,007 117.253 Carrylng amount At 31 March 2024 Al 31 March 2023 6,Oa7 6,007 16, Debtors 2024 2023 Trade debtors Prepayments and accrued income 140,133 7,711 147,844 186,165 23.924 210.089 17. Creditors: amounts falling due within one year 2024 2023 Trade credrtors Accruals and deferred Income Social security and other taxes Other creditors 27,274 130,965 10.961 26,917 196.117 10,194 249,209 14.669 274.072 -27- Dlverse Excellence Cymru Llmited Company Limited by Guarantee Notes to the Flnanclal Statements (¢ty&o"fft>u¢ Yoar ended 31 March 2024 18. Pensions and other post retirement b8n8frts Defined contribution plans The ernount recognised in income or 8xp8ndilure as an 8xpense in relation to defined contribution plans was £13,722 {2023- £15,147). 19. Analysts of charitsble funds Unrestrlcted funds Al 1 April 2023 At Transfers 31 March 2024 Inwme Expendi(ure Generdl funds 339,998 148,956 1250,361) 131,5411 207.052 At 1 April 2022 At Tfan$fer$ 31 March 2023 Inco￿￿ Expenditu General funds 530,735 263.191 1403,6091 150,3191 339,998 Restrlcted funds At 1 April 2023 At Transfers 31 Mar¢h 2024 Income Expenditure Cardiff City Council Welsh Govemment- Section 64 Vale of Glamrgan Mental Health Additional LHB Addftional Lottery Summer ofFun Cardiff University SLA Cfeu Cymru Policy Management Policy Training WeLsh Govemmenl Cultural Compeleney Certification Just Be Fair Natural ReSou￿e Wales HAFAL Newport Mental Health Project Cardiff and Vale Universrty Health Board Mental Health Grant 31,305 131,3051 97.497 197,4971 4,000 14,000) 6.908 16,876 139,1881 116,8761 32,280 18,989 118,9891 37,014 137,0141 66,597 166,5971 -28- Dlverse Excellence Cymru Limited Company Limited by Guarantee Notes to tho Financial Statsments (conUnu8dJ Year ended 31 March 2024 19. Anatysls of charitable fund8 (¢ontirti Restrlcted funds leontlnuedj Welsh Govemmenl Mental Health R￿0very Support Fund WCVA- AdV0￿Y Tarth Hype Addf(ional Activities Independent Age Advocacy Welsh Govemment Toolkit Marie CuTie Cuttural Competency Certrficale Anti Racist Audit NHS Communbty Room WG Communty Cohesion Children in Need Cardiff Met CC Scheme Interim Culture Grant 8ayolUbe Strategic Plan - USW Posleode Communty Trust C3SC Mind CC Tarth Champions USW Workshop 911) 14,999} 133,957) 911 4,999 34,634 1677) 25,802 125,802) 1.000 30.634 11,0001 {30,634) 9,179 14,580 489 19,1791 {14,580) 14891 20,144 120,1441 257,423 17.550 2,000 7.850 1257,4231 118.3271 12,0001 {7,8501 25,000 2,750 38,367 22,703 1,000 125,0001 12,7501 138,3671 120,9531 11,OLNJI 117501 795.290 1826.8311 31.541 Diverse Excellence Cymru Limited Company Limited by Guarantee Notes to thg Financial Statements (contlnued) Year ended 31 March 2024 19. Analysls of charltsble lunds feonllnu Al 1 April 2022 At Transfers 31 March 2023 Income Expend(ture Cardiff City Council Welsh Govamment- Section 64 Vale of Glamorgan Mental Health Addrf(ional LHB Additional Lottery Summer of Fun Cardiff University SLA Creu Cymru Policy Managemerrt Policy Training Welsh Govemment Cultural Competency Certificatian Just Be Fair Natural Resource Wales HAFAL Newport Mental Health Project CardrfF and Vale University Health Board Mental Health Grant Welsh Govemmenl Mental Health Recovery Support Fund WCVA- Adv(Kacy Taith Hype Additional Activities Independent Age Advocacy Welsh Government Toolkit Marie Curie Cultural Competency Certificate Anti Racist Audlt NHS Communi(y Room WG Comnwnity Cohesion ChiEdrÈn in Nééd Cardiff Met CC Scheme Interim 23,886 15,810} 52.737 33,048 11,850 17,915 70,733 4,41 S 1,665 176,6231 133,0481 (11.8501 117.914) (70,733) 14.4151 15,2071 12,0001 15,3501 (31,2991 5.810 {1) 3,542 2.000 138,771} 17,050 5,350 14,249 38.771 9,263 36,381 475 16,142 (45,6441 14751 (23,2731 7.131 6,660 34,925 (41,5851 20,550 66,597 (87,1471 14,490 2,253 33,374 147,8641 12.253} 17,3641 7,364 3,4SO (3,4501 14,198 114.198) 15,7381 1,C62 5,000 26,848 15.0001 127.910) 5,738 5.816 420 3,122 15.8161 14201 13,1221 9,600 8,000 895 165 101,100 576,234 117.600) 18951 11651 (101,1001 (693,7201 67,167 50,319 -30- Diverse Excellence Cymru Limited Company Limited by Guarantee Notes to the Financial Statements (conllnwdj Year ended 31 March 2024 19. Analysls of charltable funds (conthuedj Independent Professional Advocacy - a $8Nice funded by the Vale of Glamorgan Council to provide statutory advocacy 10 8dutt social seNices clients. Mental Hub Health Support-furKled by Cardiff and Vale Universty Hearth Board, this service provides mentsl health re¢overy support lo Bla¢k. Asian and minority ethn￿ aduEt clients in the locality. WCVA Access to Sports r88earch- this project consutted with Black, Asian and minonty ethnic adults in Wales on their experiences and recommerKlalions on people's access lo sport in Wales. Community Room- the creation of a community hl￿ room and supporting ongoing group actwilies ftjr ch'enls accessing mentsl heatth support through the Mental Hea￿h Hub. Anti Racist Wotkforce Policies- DNerse Cymru's Policy department undertook a re￿W of NHS Wales's wothfarce policies through an anti-racist len5. including consultation across Wales with NHS staff and $lakeh¢klers. 8ayolUbele- supporting thè d81wery of engag￿n￿nI and aclivibès by thé HYPE Cyrnm prolect to local Black, Asian and mir￿rity ethnic children and young people. Cardiff Universty- funds supported th& engagement of students in equality, dDi8rsity and inclusion across 811 protected characteristics. Cultural Competency Cerl'frcation Scheme- The delivery of an award-winning workpkce development tool to help organisalions implement gooc* workplace practi￿, ensuring services are frdir and equilabk for Black, Asian and minority ethnic peopk in Wales. CertifKation Awards 2023- the Cultural CompetenGy Certrfic*ion Stheme hosted an award$ ceremony al Cty Hall to C81ebrate th8 award winners. ChildT8n in Need- deSiv8red by the Hyp8 Cymru project, this social action project is working wth Black children and young people up to 18 years. Cuhure Granl Scheme- the charity is commissioned to administer the Welsh Govemment CuEture Grant Scheme for Grassroot Organwlions that will distribute funding up to £455,000 lo small and grassroot groups and organisations as idenkn'fied in the Vvelsh Govemment Anti Racist Wales Action Plan. Independent Age-this advocacy proi8Ct d81ivergd advi¢8 and advocacy support to older pecple ovér 55yrs across Wales. National Lottery Community Fund - part of the Mentsl Health Hub to provide one to mental héalth recovery support for Black, Asian and minority ethnic people aGrgss Wales. Marie Curie- a partnership wrfch Marie Curie to ensure the Cultural compel8ncy of the Wales Bereavement Infomiation Support Service funded by Welsh Government. Mind- Culluralty Competent Talking Therapies- supporting counselling and mentsl health recovery support of Blad(, Asian and minority ethnic aults both face lo fa￿ and online. Natural ReSou￿S Wdles - supporting the Green Prescription, a social prescribing partnership with Woodland frusvcoed Cadw. providing opportunrties for Black, Asian and minority ethnre children and young Fkople to access and learn about woodlands and other green spaces in Wales. 31 Diverse Excellence Cymru Limited Company Limited by Guarantee Notes to the Financial Statsments Irontlnu Year ended 31 March 2024 19. Anatysls of charltable funds (continued) Policy Management and training- tho Policy, Training and Consutsncy team deliver specialist, bespoke consultancy and training services lo clients on a rang8 of equalty, diversity and inclusion and the Equalty Act 2010. Postcode Communty Trust-A grant to support the core *tivittes of Divers8 Cymru in the d81N8ry of our missKJn in support of equality for all in Wales. University South Wales- specialist equality, diversty and inclusion engagement and consuttancy $erviGes Taith Cardrff Universty- Inlernational Cultural Exchange to Crete, supported by a Pathway 2 Tarth grant from CardTrY University lo develop adutt education resource5 for the cu￿￿ra1 Competency Certrficalion Scheme. Taith Champions Cardiff University - Project to support und8rrepresenled groups to acc8ss cu￿Ural exGhan9e opportunf(ies offered through the Tarth scheme. 20. Analysis of net assets betweèn funds Unrestricted Total Funds Fund5 2024 Tangible fixed assèts Current assets 207,052 207,052 Net assets 207,052 207.052 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets 6.OD7 333.991 339,998 6,007 333.991 Net assets 339.998 21. Funds received as agant or hold as custodlart trustee At the year end the charty held the following amounts as custodian trustee on behaw of Ihe Managed Payments Sehemè". 2024 2023 Newport City Council Swansea City Council Gvrynedd County Council West Wales 28,947 28,970 91,450 104,844 Cash at bank and in hand 397.974 {142,6491 255,325 -32- Diverse Excellence Cymru Limited Company Limited by Guarantee Notes to the Flnancial Ststsments f¢onii*u¢d) Year anded 31 March 2024 22. Anatysis of Ghanges in net debt At At 1 Apr 2Q23 Cash flows 31 Mar 2024 Cash at bank and in hand 397,974 1142,6491 255,325 23. Operatlng lease commltments The total fLrture minlmum lease payments under non-cancellable operating leases are as folkjws.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 year8 15,048 13.944 15,048 22,296 28.992 37,344 24. Limitation of auditors liability By way of a meM￿r$, resolution dated 12th November 2019, the company has agreed to enter into a limited liabilty agreement with its auditors whereby their exposure lo legal claims is Iimrted 10 £100,OCK) per claim. -33-