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← Cymdeithas Gofal The Care Society

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 07628816 (England and Wales) REGISTERED CHARITY NUMBER: 1143732

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

For

Cymdeithas Gofal The Care Society

Cymdeithas Gofal The Care Society Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 3
Chairman’s Report and Executive Directors Report 4
Report of the Trustees 5-10
Report of the Independent Auditors 11-13
Statement of Financial Activities 14
Statement of Financial Position 15
Statement of Cash Flows 16
Notes to the Statement of Cash Flows 17
Notes to the Financial Statements 18-32
Detailed Statement of Financial Activities 33-34

Page 2

Cymdeithas Gofal The Care Society Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES

Annette Jones

Richard Woolley Vicky Medhurst

Anthony P Hearn – Chair (resigned 23/10/24) Catherine Shaw (resigned 24/10/24) Peter Saunders(resigned 13/08/24) Margaret Gallagher(resigned-19/03/25) Stephen Cripps(resigned 23/10/24) REGISTERED OFFICE 21 Terrace Road Aberystwyth Ceredigion SY23 1NP REGISTERED COMPANY NUMBER 07628816 (England and Wales) REGISTERED CHARITY NUMBER 1143732 AUDITOR Beever and Struthers 20 Colmore Circus Queensway Birmingham B4 6AT

BANKERS

Unity Trust Bank PLC Nine Brindley Place Birmingham B1 2HB Executive Director Guy Hamilton Evans

Page 3

Cymdeithas Gofal The Care Society Chairman’s & Executive Director’s Reports for the Year Ended 31 March 2025

Chairman’s Report & Executive Director’s Report

It has been a challenging year for the Care Society, but as true to form the resilience and character of The Care Society has helped them navigate through the year. The focus of the Board and Senior members of The Care Society is to recalibrate, focussing on our employees, finances and the services we provide to the people that need us.

While we feel disappointment that our small local charity was not successful in the tender process run by our local authority, we remain focussed on delivering the best services we can. This was compounded by the loss of Section 180 funding following Welsh Government redistribution of funding throughout Wales. The impact of these services is felt at Board and the Executive Team through the feedback from incredible colleagues that are as committed as previous years and continue to be as determined as ever. This year has been particularly difficult and our thanks to them all for their understanding and resilience.

Despite uncertainty, the Care Society once again has shown resilience and commitment. The Care Society has continued to show integrity and work with partner agencies Ceredigion County Council and Powys County Council, delivering services to meet identified need. This has been evidenced by The Care Society extending operations beyond the term of contract to assist the Local Authority and the most vulnerable people within our communities.

The raison d’etre of The Care Society is to positively improve the lives of our service users and throughout this period there has been a constant demand for our much-needed services against the backdrop of a cost of living crisis. This has involved developing existing services for example the Interim Offender Management project in Newtown, delivered in partnership with Dyfed Powys Police and Barcud Housing Association

There are some people we would like to thank with a special mention this year, Eleri Jenkins, Director of Housing and Support in Barcud retired in February, who provided a great deal of support and guidance for The Care Society. We welcome Sara Woodall to Barcud, who will work closely with The Care Society on the recalibration exercise. Thanks to the Board members who stepped down during the year, your support for the work of The Care Society and great insight to our meetings will be missed. Lastly, an extra special mention to our previous Chair Anthony Hearn, who over the past years has seen The Care Society grow from strength to strength and has been an invaluable support, we will all miss you at The Care Society. We would also like to thank the Board and colleagues of the wider Barcud Group for their continued support and dedication to The Care Society

As evidenced by the achievements and performance below, in this significant period of change The Care Society has remained a person-centred organisation and future planning is focussed on The Care Society remaining financially viable and relevant to the needs of our communities.

The focus now turns to the recalibration with the continued focus and determination that runs through The Care Society.

John Rees Interim Chair

Sara Woodall Director of Communities

Page 4

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2025

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report together with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives and aims of the charity are: To promote Social Inclusion for the public benefit by preventing people from becoming socially excluded by reason of homelessness, being at risk of losing their home, living in inadequate accommodation or unsettled circumstances in Ceredigion and surrounding counties by;

Public benefit

Our main activities and the people we try to help are described below. All our charitable activities further our Charity’s objectives having regard to Charity Commission guidance and for the public benefit. The impact of our work goes far beyond the people we help directly and has a positive impact on building stronger communities, improved health and wellbeing, crime reduction, employment and training in rural Mid-Wales. However, the main focus of charity activities is on providing advice and accommodation and providing support to help maintain tenancies and help people live fulfilled lives.

Through working in conjunction with the local authority, Registered Social Landlords and other key agencies, we have continued to develop our services to meet our objectives and to meet the needs of the people we support.

These objectives are delivered though the provision of the following services:

Page 5

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENT AND PERFORMANCE

Achievements and Performance in 2024 / 2025 have included:

Endorsements

“I’m seeing her a lot more now as stays with me in the week so I can take her to school, I really do appreciate the years of help and support from you”

"Thank you so much for helping us when our scooter broke down, if we hadn't been able to borrow from you we'd have been completely stuck."

“Thank you I couldn’t thank you enough I’m sorry I’ve texted a lot. I just get like this when I’m overwhelmed. I can’t talk to many others about it all xx you are so kind thank you”

"Your scooters are an absolute lifeline. I don't know how I'd do my shopping otherwise."

Page 6

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Principal funding sources

The principal income generated by the Charity is currently through grant income, contract income from Ceredigion County Council and partner agencies, together with self-generated income from management fees, rents receivable and shop income.

Investment policy and objectives

The Charity has no investment powers except to place any surplus income into deposit accounts. Having considered the options available, the Trustees have decided to ensure reserves are available to meet the working capital requirements of the Charity.

Reserves policy

The Trustees have reviewed the requirement for reserves in view of continued reduction in public funding and other risks to the organisation.

The Trustees have agreed to establish a level of reserves equal to six months’ running costs. Budgeted expenditure for 2024/25 is £1.49 million, therefore the target reserves are £745,000. The long-term strategy of the Charity is to build reserves through delivering planned operating surpluses. In the short term, the Charity has explored all possibilities to reduce expenditure, including activities that could be curtailed should circumstance require, and also the level of unrestricted funds committed to fixed assets held by the charity.

Results:

The Statement of Financial Activities shows a net deficit from ordinary activities for the year of £22,208 (2024 surplus of £3,284), and reserves now stand at £1,186,286 (2024 £1,210,643). During the year there was property revaluations of £8,753 and net gain on sale of assets £2,677.

The Charity’s funds have all been applied in accordance with its objectives and the Charity’s assets are all being maintained in the furtherance of these objectives.

FUTURE PLANS

With the continued uncertainty surrounding the current socio-economic climate, now more than ever The Care Society needs to plan ahead and deliver services flexibly. The Care Society has proved itself to be innovative and resilient in the face of significant challenges and continues to explore ways we can expand our operations to meet identified need. At the same time we are looking at consolidating the work we currently do in view of constant and increasing demand.

In relation to our staff, we will continue to listen to what they have to say and shall work towards implementing the recommendations arising from the January 2025 staff questionnaire responses.

Page 7

Cymdeithas Gofal The Care Society Report of the Trustees

for the Year Ended 31 March 2025

Future Plans include:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The Care Society has a competency-based performance management policy and procedure for recruitment of all personnel, which is used to set performance expectations, objectives and goals, monitor progress and measure performance against the objectives of the Charity.

Recruitment of Trustees is reviewed by the Board, with the view to ensuring the needs of the Board are appropriately reflected through the diversity of the Trustee body. All prospective Trustees are requested to complete application forms before selection.

All new Trustees are supplied with a comprehensive induction pack which details:

Finances and Finance Policy

Page 8

Cymdeithas Gofal The Care Society Report of the Trustees for the Year Ended 31 March 2025

Organisational Structure

From April 2018, Cymdeithas Gofal The Care Society became a subsidiary of Tai Ceredigion in a group structure. In November 2020, Tai Ceredigion merged with Mid Wales Housing, forming Barcud. The governance of the structure is bound by the intra-group agreement between the Barcud and Cymdeithas Gofal The Care Society. The Charity is managed by the Trustees who meet quarterly. The day-to-day responsibility for the provision of services is delegated to the Executive Director, Guy Hamilton Evans, who reports to the Trustees at regular meetings.

Key management remuneration

The Trustees review the pay and remuneration of all the Charity’s personnel on an annual basis. The Care Society’s remuneration policy principles are as follows:

1. To ensure that the aims and objectives of the Charity are being met.

2. To be able to attract and also retain staff who have the necessary skills and experience in their specific roles to ensure that the organisation is able to run efficiently.

3. The remuneration policy is fair and consistent across the organisation.

Any pay increases need to be appropriate for the type of role within the organisation and agreed by Trustees.

Risk management

The Trustees have reviewed the major risks faced by the Charity and have ensured appropriate systems and procedures have been established to mitigate their impact. The Charity has invested significantly in both the training of staff and numerous quality assurance mechanisms, including:

Internal control risks are minimised by the implementation of robust Group Financial Regulations and established procedures for authorisation of all transactions.

The Care Society has developed a Risk Map identifying the changes in internal and external factors that may affect the likelihood of a significant risk impacting the organisation. The risk mapping process is fully embedded within business planning and operational arrangements and is complemented by a risk register. Each risk is assessed as to its ‘impact’ and ‘likelihood’ on a scale of 1 -5. The original risk is scored on the assumption that there are no current controls to manage it; this is a starting point to enable the identification of risks which have potentially high exposure levels for the business and is called an unmitigated risk.

Page 9

Cymdeithas Gofal The Care Society Report of the Trustees

for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also Directors of Cymdeithas Gofal The Care Society for the purposes of Company Law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company, of the incoming resources and application of resources. This includes the income and expenditure of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006.

They are 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.

In so far as the Trustees are aware:

Approved by order of the Board of Trustees on 29th July 2025 and signed on its behalf by:

John Rees – Interim Chair

Page 10

Report of the Independent Auditors to the Members of Cymdeithas Gofal The Care Society

Opinion

We have audited the financial statements of Cymdeithas Gofal The Care Society (“the charity”) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities 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 charity 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 11

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

Page 12

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or noncompliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

Use of the audit report

This report is made solely to the charity’s members as a body in accordance with Section 3 of Part 16 or the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s 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 charity and the charity’ trustees as a body for our audit work, for this report, or for the opinions we have formed

Lee Cartwright (senior statutory auditor) For and on behalf of Beever and Struthers, statutory auditor The Colmore Building 20 Colmore Circus Queensway Birmingham B4 6AT

Date: 26 September 2025

Page 13

Cymdeithas Gofal The Care Society Statement of Financial Activities

(Incorporating Income and Expenditure Account) for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
Charitable activities
Promotion of social inclusion
5
Other trading activities
3
Investment income
4
Other income
6
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
Promotion of social inclusion
9
Total
NET INCOME/EXPENDITURE
EXCEPTIONAL ITEM
Gain/Loss on Sale of Assets
EXC
Property Revaluation
EXC
NET INCOME/EXPENDITURE
RECONCILIATION OF FUNDS
22
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
fund
£
13,798
1,101,344
100,075
16,235
24,513
1,255,965
105,528
1,139,527
1,245,055
10,910
2,677
8,753
22,340
(13,578)
1,153,325
1,162,086		 Restricted
Fund
£
0
225,097
0
0
0
225,097
0
258,215
258,215
(33,118)
(33,118)
0
57,318
24,200		 31.03.25
Total
funds
£
13,798
1,326,441
100,075
16,235
24,513
1,481,062
105,528
1,397,742
1,503,270
(22,208)
2,677
8,753
(10,779)
(13,578)
1,210,643
1,186,286		 31.03.24
Total
funds
£
7,503
1,514,553
90,351
4,167
6,057
1,622,630
101,841
1,517,505
1,619,346
3,284
10,751
14,036
0
1,196,607
1,210,643

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 14

Cymdeithas Gofal The Care Society Statement of Financial Position As at 31 March 2025

31.3.25 31.3.24
Notes £ £
FIXED ASSETS
Tangible assets 14 289,527 666,009
289,527 666,009
CURRENT ASSETS
Debtors 15 213,745 318,420
Cash at bank and in hand 846,666 609,323
1,060,411 927,743
CREDITORS
Amounts falling due within one year 16 (163,652) (225,750)
NET CURRENT ASSETS 896,759 701,993
TOTAL ASSETS LESS CURRENT LIABILITIES 1,186,286 1,368,002
CREDITORS
Amounts falling due after more than one year 17 0 (157,359)
NET ASSETS 1,186,286 1,210,643
FUNDS 22
Unrestricted funds 22 1,162,086 1,153,325
Restricted funds 24,200 57,318
TOTAL FUNDS 1,186,286 1,210,643

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the Board of Trustees on 29th July 2025 and were signed on its behalf by:

John Rees – Vice Chair

Registered Number : 07628816

Page 15

Cymdeithas Gofal The Care Society Statement of Cash Flows

For the Year Ended 31 March 2025

Notes
Cash flows from operating activities:
Cash generated from operations
1
Interest paid
Net cash provided by/(used in) operating
activities:
Cash flows from investing activities:
Purchase/Disposal of tangible fixed assets
Property Revaluation
Interest received
Net cash provided by/(used in) investing
activities:
Cash flows from financing activities:
Loan repayments in year
Intercompany loan
Net cash provided by/(used in) financing
activities:
Change in cash and cash equivalents in the
reporting year
Cash and cash equivalents at the beginning
of the year
Cash and cash equivalents at the end of the
year		 31.3.25
£
33,628
(11,767)
21,861
362,211
(8,753)
16,235
369,693
(154,210)
-
(154,210)
237,343
609,323
846,666		 31.3.24
£
13,442
(16,713)
(3,271)
(147,773)
(10,751)
4,167
(154,357)
(104,455)
-
(104,455)
(262,084)
871,407
609,323

The notes form part of these financial statements

Page 16

Cymdeithas Gofal The Care Society Notes to the Statement of Cash Flows For the Year Ended 31 March 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting year (as per the statement of financial
activities)
Adjustments for:
Depreciation charges
Amortisation of intangible assets
Interest received
Interest paid
Decrease in stocks
Decrease /(increase)in Debtors
(Decrease)/Increase in Creditors
Net cash provided by
operating activities		 31.3.25
£
(10,779)
21,364
(11,918)
(16,235)
11,767
0
104,675
(65,247)
33,627		 31.3.24
£
14,036
19,430
(3,268)
(4,167)
16,713
0
49,918
(79,219)
13,443

Page 17

Cymdeithas Gofal The Care Society 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 2015)', 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 which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the funds will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all 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.

Governance costs

Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- Straight line over 50 years Shop frontage - Straight line over 25 years Motor vehicles – Straight line over 5 years Fixtures and fittings – Straight line over 5 years Computer equipment – Straight line over 5 years

No depreciation is provided on freehold land.

Taxation

Corporation tax

The charity is exempt from corporation tax on its charitable activities.

VAT

All income is shown net of VAT and expenditure is shown inclusive of irrecoverable VAT.

Page 18

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Capital Grants

Capital grants are recognised using the accrual model and are classified either as a grant relating to revenue or a grant relating to assets. Grants relating to revenue are recognised in income on a systematic basis over the period in which related costs for which the grant is intended to compensate are recognised.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Page 19

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

2. DONATIONS AND LEGACIES

Donations
3. OTHER TRADING ACTIVITIES
Shop income
Shop Mobility rental income
4. INVESTMENT INCOME
Deposit account interest
5. INCOME FROM CHARITABLE ACTIVITIES
Activity
Rents receivable
Promotion of social
inclusion
Management fees
Promotion of social
inclusion
CCC – Managed Emergency
Accommodation
Promotion of social
inclusion
Befriending income
Promotion of social
inclusion
Credit Card income
Promotion of social
inclusion
IOM
Promotion of social
inclusion
Miscellaneous Income
Promotion of social
inclusion
Grants received
Promotion of social
inclusion
TOTAL		 31.3.25
£
13,799
31.3.25
£
92,131
7,944
100,075
31.3.25
£
16,235
31.3.25
£
117,128
31,474
18,720
365,403
230
3,099
839
789,548		 31.3.24
£
7,503
31.3.24
£
81,224
9,127
90,351
31.3.24
£
4,167
31.3.24
£
127,253
34,227
28,080
394,150
655
816
1,178
928,193
1,326,441 1,514,553

Page 20

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

5. INCOME FROM CHARITABLE ACTIVITIES - continued

Grants received, included in the above, are as follows

Grants
Welsh Government - S180 Bond Scheme
Welsh Government - S180 Night Shelter Funding
Welsh Government - S180 Accommodation Officer
Welsh Government - Innovation funding
Wardening
Barcud
Jasper House Wardening
Ceredigion County Council
Supporting People
Young Persons Project – Cardigan
Other
STEP Project
Powys County Council
Mid & West Wales Fire Rescue
Other Grants
TOTAL		 31.3.25
31.3.24
£
£
41,683
41,683
114,514
171,771
0
41,529
68,900
68,900
32,197
31,921
53,706
53,706
390,753
424,432
41,651
39,463
0
0
45,274
53,274
870
1,515
0
0
789,548
928,193

Page 21

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

6. OTHER INCOME

ER INCOME
Residual Input Tax
Amortisation
Transfer from Reserves		 31.3.25
£
(983)
11,918
13,578
24,513		 31.3.24
£
2,789
3,268
0
6,057

7. RAISING FUNDS

Other Trading Activities
Staff costs
Other operating leases
Insurance
Subscription
Sundries
Utilities
Postage, stationery, advertising & telephone
Travel & subsistence
Repairs & maintenance of equipment
Depreciation
Professional Fees
Audit
Support costs		 31.3.25
£
49,066
19,512
1,544
1,022
126
6,289
1,284
632
17,345
1,134
171
699
6,704
105,528		 31.3.24
£
42,770
22,251
1,125
916
154
11,401
1,122
745
12,339
1,237
594
494
6,692
101,841

8. CHARITABLE ACTIVITIES COSTS

Direct costs Support
(see note 9) costs Totals
(see note 10)
£ £ £
Promotion of social inclusion 1,317,145 80,597 1,397,742

Page 22

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Hire of plant and machinery
Insurance
Light & heat
Telephone
Postage & stationery
PR, marketing & promotions
Sundries
Resettlement expenditure
IT, licenses & internet
Travel & subsistence
Legal & professional
Bank charges
Bad debts
Cleaning
Recruitment & training
Sub-contractors
Van costs
Depreciation
Interest payable and similar charges		 31.3.25
£
959,628
1,447
19,468
25,079
7,825
1,307
1,765
1,997
151,129
4,418
61,761
19,067
6,225
(4,850)
2,530
3,080
21,437
1,835
20,230
11,767
1,317,145		 31.3.24
£
1,031,812
1,572
15,224
30,063
11,171
1,818
977
11,847
141,094
8,150
68,788
11,709
2,758
15,621
4,947
3,275
26,764
2,066
18,193
16,713
1,424,562

Page 23

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

10. SUPPORT COSTS

0. SUPPORT COSTS
Management
£
Governance
Costs
£
Other trading activities
6,704
699
Promotion of social inclusion
76,089
4,508
82,793
5,207
Activity
Basis of allocation
Management
Staff costs
Governance costs
Staff costs		 Totals
£
7,403
80,597
88,000

Support costs, included in the above, are as follows

Management
Staff Costs
Other
SLA Expenditure
Governance
Auditors
remuneration
Cost of Trustee
Meetings		 Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.25
£
-
-
-
-
-
-
6,704
76,089
82,793
6,704
76,089
82,793
Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.25
£
699
4,508
5,207
-
-
-
699
4,508
5,207		 Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.24
£
-
-
-
-
-
-
6,692
88,457
95,150
6,692
88,457
95,150
Other
Trading
Activities
£
Promotion
of social
inclusion
£
31.3.23
£
494
4,486
4,979
-
-
-
494
4,486
4,979

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting)

Auditor remuneration
Depreciation
Hire of plant and machinery		 31.3.25
£
5,207
21,364
1,447		 31.3.24
£
4,979
19,430
1,572

Page 24

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

12. TRUSTEES’ REMUNERATION AND BENEFITS

No trustee remuneration or expenses were paid in the year (2024-25: £NIL)

13. STAFF COSTS

Wages and salaries
Social Security costs
Other pension costs		 31.3.25
£
903,462
72,392
32,730
1,008,584		 31.3.24
£
965,747
75,667
32,863
1,074,277

The average monthly number of employees expressed as full time equivalents:

Charitable activities
Administration		 31.3.25
37
3
40		 31.3.24
42
3
45

No employees received emoluments in excess of £60,000.

Page 25

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

14. TANGIBLE FIXED ASSETS

COST
At 31st March 2024
Additions
Disposals
Revaluation
Revaluation Surplus
At 31st March 2025
DEPRECIATION
At 31st March 2024
Charge for the year
Disposals
Revaluation
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024		 Land £
Freehold
Property £
246,842
361,953
-
-
(154,232)
(212,258)
(26,059)
-
8,753		 Improvements
to property
£
Fixture &
Fittings
£
67,080
15,241
-
-
(3,548)
-
-
-		 Improvements
to property
£
Fixture &
Fittings
£
67,080
15,241
-
-
(3,548)
-
-
-		 IT
Equipment
£
16,101
-
-
-		 Motor
Vehicles
£
Total
£
39,026
746,244
-
-
-
(370,038)
(26,059)
-
8,753
92,610
135,390		 63,532 15,241 16,101 39,026
358,901
-
22,958
-
9,267
(7,541)
(24,684)		 21,130
2,650
-
-		 13,624
1,617
-
-		 16,030
54
-
-		 6,493
80,235
7,776
21,364
-
(7,541)
-
(24,684)
-
0		 23,780 15,241 16,084 14,269
69,374
92,610
132,390		 39,752 0 17 24,758
289,527
246,842
338,995		 45,950 1,617 71 32,534
666,009

Page 26

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

ORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gross rent arrears
Provision for bad debt
Net rent arrears
Amount owed by group undertakings
Prepayments, accrued income and other debtors		 31.3.25
£
33,640
(3,390)
30,250
337
183,158
213,745		 31.3.24
£
38,952
(3,466)
35,486
2,772
280,162
318,420

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 18)
Trade creditors
Capital grants deferred income
Other creditors
Accruals and deferred income		 31.3.25
£
0
30,455
0
101,466
31,731
163,652		 31.3.24
£
5,501
126,605
3,268
50,139
40,238
225,750

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans (see note 18)
Capital grant deferred income		 31.3.25
£
0
0
**0 **		 31.3.24
£
148,709
8,650
157,359

Page 27

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

18. LOANS

An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans 1-2 years
Amounts falling between two and five years:
Bank loans 2-5 years
Amounts falling in more than five years:
Bank loans more 5 yrs by install		 31.3.25
£
31.3.24
£
0
5,501
0
5,968
0
21,118
0
121,623

19. LEASING ARRANGEMENTS

Minimum lease payments under operating leases fall due as follows:

Within one year
Between two and five years
More than 5 years		 31.3.25
Property
£
31.3.24
Property
£
19,071
20,407
48,084
67,366
0
0
67,155
87,773

20. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£ £
Bank loans 0 154,210

Page 28

Cymdeithas Gofal The Care Society Notes to the Financial Statements

For the Year Ended 31 March 2025

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Investments
Current assets
Current liabilities
Long-term liabilities		 Unrestricted
fund
£
289,527
90,107
946,104
(163,652)
-
1,162,086		 Restricted
fund
£
-
24,200
-
-
24,200		 31.3.25
Total
Funds
£
289,527
90,107
970,304
(163,652)
-
1,186,286		 31.3.24
Total
Funds
£
666,009
85,000
842,743
(225,750)
(157,359)
1,210,643

22. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Welsh Government –
S180 Bond Scheme
Welsh Government –
S180 Accommodation Officer
Welsh Government –
S180 Rooflessness
Welsh Government –
Innovation funding
STEP
Transition funding
Shop mobility
TOTAL FUNDS		 At 01.04.24
Net
movement
in funds
Transfers
between
funds
At 31.3.25
£
£
£
£
1,153,327
22,340
(13,578)
1,162,086
35,346
(159)
-
35,187
-
-
-
-
-
(25,855)
-
(25,855)
-
(7,105)
-
(7,105)
-
-
-
-
3,942
-
-
3,942
18,030
-
-
18,030
57,318
(33,118)
(13,578)
24,200
1,210,643
(10,779)
(13,578)
1,186,286

Page 29

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

Note 22 MOVEMENT IN FUNDS Continued

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

Net movement in funds, included in the above are
as follows:
Incoming Resources Movement
Resources expended in funds
£ £ £
Unrestricted funds
General fund 1,267,395 1,245,055 22,340
Restricted funds
Welsh Government - S180 Bond Scheme 41,683 41,842 (159)
Welsh Government - S180 Accommodation Officer 0 0 0
Welsh Government - S180 Night Shelter 114,514 140,369 (25,855)
Welsh Government - Innovation funding 68,900 76,005 (7,105)
225,097 258,215 (33,118)
TOTAL FUNDS 1,492,492 1,503,270 (10,779)

General funds – are available for use at the Trustees’ discretion in furtherance of the objectives of the Charity.

Restricted accounts are as follows:

Grants have been received under S180 of the Housing Act 1996 or Section 126 of the Housing Grants Construction and Regeneration Act 1966 from the Welsh Government for specific projects. These grants are as follows:

S180 Bond Scheme – The Bond Scheme enables people on low incomes to move into their own private accommodation. Thus people, who are homeless or facing homelessness, are assisted into finding safe, affordable and sustainable rented accommodation facilitated through the provision of a bond guarantee.

S180 Accommodation Officer – The principal objective of the ‘Accommodation Officer Scheme’ is to alleviate homelessness in Ceredigion through meeting the increased demand for suitable and affordable private rented accommodation. To this end the scheme works with the Welsh Government, the Local Authority and regional private landlords to promote good practice, improve property standards and meet the shortfall from the existing private rented sector, registered social housing and statutory housing provision.

Page 30

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

Note 22 Continued

S180 Night Shelter – Rooflessness & Resettlement Initiative The overall aim of this project is to reduce homelessness and repeat homelessness in Ceredigion and rural mid-Wales through the provision of safe accommodation for ‘rough sleepers’ and homeless people. The project also aims to achieve positive resettlement outcomes and prevent social exclusion through engagement with service users and by providing support, access to the Accommodation Officer and Bond Schemes, client activities, housing advice, welfare, finance and benefits advice, partnership working and signposting to specialist agencies.

Innovation funding - In 2019/2020 Cymdeithas Gofal The Care Society successfully secured Welsh Government Innovation Grant Funding to provide a psychologically–and-trauma informed accommodation and support service specifically for people up to the age of 25. With this grant income Cymdeithas Gofal The Care Society have established an innovative Housing First for Youth Project based in Aberystwyth from premises provided by Barcud. This project has been designed to address the needs of developing young adults by providing them with immediate access to housing that is safe, affordable and appropriate, with the necessary and age-appropriate support that focuses on health, well-being, life skills, engagement in education and employment, and social inclusion. The goal of this project is not simply to provide housing stability, but to support young people as youth and facilitate a healthy transition to adulthood.

Shop Mobility Scheme – To provide the effective delivery of the Shop Mobility project, including staff training, acquisition of suitable mobility equipment, safe storage of such equipment in an appropriate central location in Aberystwyth and delivery to where the equipment is needed. Use of the equipment should be charged on a fair and reasonable basis and effective promotion of the scheme is also required.

Page 31

Cymdeithas Gofal The Care Society Notes to the Financial Statements For the Year Ended 31 March 2025

23. RELATED PARTIES

As of 1[st] April 2018, The Care Society entered a voluntary merger with Tai Ceredigion housing association and became a subsidiary of the association. Any transactions made between The Care Society and Barcud are made at arm’s length on a commercial basis.

In November 2021, Tai Ceredigion merged with Mid Wales Housing to form Barcud Housing Association.

Purchases from related Parties

During 2024/25 the detail of invoices from and payments made to Barcud were as follows:

Barcud Invoiced Outstanding
Total Invoices £196,534.37 £6,232.47

The Care Society is a tenant of Barcud, in one residential property, Yr Albion. During the financial year 2024/25, rent received from The Care Society was £11,071.24.

The Charity Shop in 27 Chalybeate Street, Aberystwyth was also rented from Barcud costing £11,250 in 2024/25.

Income from Related Parties

The Care Society provided Barcud with Wardening services.

In addition, The Care Society claims back PESM from its parent company (previously Tai Ceredigion, now Barcud).

Invoiced Outstanding
Barcud Wardening Services £32,630.78 £336.77
PESM £849.08 £0.00
IOM £3225.20 £0.00

Page 32

Cymdeithas Gofal The Care Society Detailed Statement of Financial Activities For the Year Ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Shop income
Shop Mobility rental income
Investment income
Deposit account interest
Other income
Furlough income
Covid-19 Grants
Residual input tax
Amortisation
Transfer from Reserves
Charitable activities
Rents receivable
Management fees
CCC – Managed Emergency Accommodation
Befriending Income
Credit card income
IOM
Misc income
Grants
Total incoming resources
EXPENDITURE
Other trading activities
Staff costs
Insurance
Other operating leases
Subscription
Sundries
Utilities
Postage, stationery, advertising & telephone
Travel & subsistence
Professional Fees
Repairs & maintenance of equipment
Depreciation of tangible fixed assets		 31.3.25
£
13,799
92,131
7,944
100,075
16,235
-
-
(983)
11,918
13,578
24,513
117,128
31,475
18,720
365,403
230
3,099
839
789,548
1,326,441
1,481,062
49,066
1,544
19,512
1,022
126
6,289
1,283
632
171
17,345
1,134
98,125		 31.3.24
£
7,503
81,224
9,127
90,351
4,167
-
-
2,789
3,268
-
6,057
127,253
34,227
28,080
394,150
655
816
1,178
928,193
1,514,552
1,622,631
42,770
1,125
22,251
916
154
11,401
1,122
745
594
12,339
1,237
94,654

This page does not form part of the financial statements

Page 33

Cymdeithas Gofal The Care Society Detailed Statement of Financial Activities For the Year Ended 31 March 2025

Charitable activities
Staff Costs
Hire of plant and machinery
Insurance
Light and heat
Telephone
Postage and stationery
PR, marketing & promotions
Sundries
Resettlement expenditure
IT, licenses & internet
Travel & Subsistence
Legal & Professional
Bank charges
Bad debts
Cleaning
Recruitment & training
Sub-contractors
Van costs
Depreciation of tangible assets
Bank loan interest
Support costs
Management
SLA Expenditure
Governance costs
Auditors’ remuneration
Cost of Trustee meetings
Total resources expended
Exceptional Item
Net expenditure		 31.3.25
£
959,628
1,447
19,468
25,079
7,825
1,307
1,765
1,997
151,129
4,418
61,761
19,067
6,225
(4,850)
2,530
3,080
21,437
1,835
20,230
11,767
1,317,145
82,793
82,793
5,207
-
5,207
1,503,270
11,429
(10,779)		 31.3.24
£
1,031,812
1,572
15,224
30,063
11,171
1,818
977
11,847
141,094
8,150
68,788
11,709
2,758
15,621
4,947
3,275
26,764
2,066
18,193
16,713
1,424,562
95,150
95,150
4,979
-
4,979
1,619,346
10,751
14,036

This page does not form part of the financial statements

Page 34