REGISTERED COMPANY NUMBER: 07691764 (England and Wales)
REGISTERED CHARITY NUMBER.. 1146543
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
FOR
BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO
Bevan 8uckland LLP
Chartered Accountants
And Statutory Audilors
Ground Floor Cardigan House
Caslle Court
Swansea Enterprise Park
Swansea
SA7 9LA

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Report ol the Trustees
Report ol the Independent Auditors
Statement of Flnanclal Acllvltles
10
Balance Sheet
Ca8h Flow Stat•m•nt
12
Notes lo the Cash Flow Statement
13
Notès lo the Financial Stal8ments
14 to 27

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS {BAVO) (REGISTERED NUMBER: 07691764)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The Iruslees who are also directors of the charity for tho purposes of the Companies Act 2006, present their report with ihg
financial statements of the charity for the year ended 31 March 2025. The Irustees have adopted the provisions of Accounting and
Reportlng by Charilles.. Statemenl of Recommended Practice applicable to charitles preparlng their accounts in accordance wlth
the Financial Reporting Stsndard applicable in Ihe UK and Republic of Ireland {FRS 1021 {effeclive 1 January 2019).
OBJECTIVES AND ACTIVITIES
Purpose, values and a¢tlvltles for publlc beneflt
The Gonslitutional objectives of Ihe charity are lo proniole any Gharitable purpose for Ilie benefit of the public, principally but not
exclusively in the local government area of Bridgend County Borough and its environs, and in particular:
to support community organisations, nol-for-profits and social enterprises,
to build the capacity of third sector organisations.
to provide them with the necessary 8UPPOrt. information and services to enable them to pursue or contribute to any charitable and
not for profit purposes.
to promote, organise and facilitate co-operation and partnership working betw88n third sector. slalutory and other relevant bodies
in the achievement of the above objectives.
8AVO's purpose is lo support, encourage and promote the development of a volunlory ond community Sector in Bridgend that is
effective and efficient, infomied and influential and Ihal will have a positive impact on people's lives. In achieving its mission, BAVO
hopes to establish a flourishing, involved and sustainable local voluntary sector.
The work of BAVO is guided by a sel of core prlnciples and values which help to detemiine prlorities and the overall style of
working. BAVO recognises that Bridgend County is a diver88 Borough and that everyone can make a valid and valued contribution
to their community and has a right to equality of opportunity.
The principal airns of the charity, all considered for public b8nefit, ar8-
to provide support. guidance. training and assistance for community and voluntary organisations within the borough.
to help community and voluntary groups lo access funding in order to meet their organisalions 04'ectives,
to facilitate the capacity building and expansion of the Third sector and lo assist in the training and development of volunteers.
Page 1

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS {BAVO) (REGISTERED NUMBER: 07691764)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
A¢hlevements and performance
The charily has achieved its main aims above in a variety of ways. with new projects also being delivered to progress activily in
support of its misslon.
The charity's partners, Welsh Government, Bridgend County Borough Council IBCBC) and CTMU Health Board continued to
recognise th8 value of the work of BAVO and continued contribuling funding towards services and activities of the organisation and
this enabled a level of stsbility in the planning and future development of other adivilies.
The charity Gontinues to work as a key member of Third Sector Support Wales ITSSWI. a network of WCVA and County Voluntary
Councils across Wales. Together we have worked to develop our core services to suppart hyper-local voluntary, cornmunily and
not-for-profit groups and we are working to the TSSW business plan. as well as the BAVO service-focused strategy.
11 } Developrnenl and Sustainable Funding Support
The development team provides Gomprehensive guidance and support lo communily-based voluntary groups and organisalions.
responding lo both general and specialist enquiries. Information and advice were given to 362 organisations in Bridgend County on
local and regional. andlor operational issues. The team also has vast knowledge of, and connections to other community
development organisations and the private sector, who can sometimes provide more specialist and niche advice or pro bono
support. The team will alwayv signpost groups to the best oplions that meet their needs, but morl enquiries were covered in-house.
The service remained proactive in working with members and we regularly undertook 'on your patch, events. The team assisted
with governance and operational issues, sustainable fijnding and fundraising, training, events and networking. Such opportunities
encourage organisations to share good practice, promote learning, develop working partnerships, reduce duplication and build
capacity within their organisation8 SO that Ih8y ara better placed to roduce risk and meet demands.
8AVO also works with grant providers and funders lo support investment in the local third sector. Unfortunately, due lo the
challenging financial climate, BAVO received reduced funding to distribute throughout the year. Nevertheless, £178,653 grant
funding was slill provided lo local community and voluntary groups operating in Bridgend County, primarily to support prevention
work. In addition, our team were in a posilion to support and strengthen member groups andlor their funding applications, some of
whom went on lo achieve successful funding applications, leveraging a further £665,513 investment into community activity and
facililies in the County Borough.
12) Training Programmes
8AVO has continued to deliver a wide range of services and support. The organisalion 8lso continued lo develop deliver open
and tailored training for community and volunlary org8nisalions and not-for-profits. Wherever possible, BAVO maximised
opportunities lor sector development through collaborative working with other providers. Additionally, our training work has helped
groups lo access nèw sources ol income lo secure service delivery th81 not only serves communities bul supports the overall
oulcomes of the Public Service Board's wellbeing goals and the corporate strategies of partner agencies within public seNices. We
trained 377 people through digital and face-to-face s88sions in the y8ar
13) Volunteering Opportunities
The volunteer centre continued lo promote and offer volunteering opportunities. The organisation uses 8 range of promotional
materials and promotes ils aclivrties Ihrough social media, nèwsletters, and the Volunteering Wales website. which we support in
terms of data input and management. The volunteer centre continued to work with other volunteer cenlres across Wales as well as
with a range of other partners and dealt with more than 281 enquiries in the year.
Outcomes included supporling people towards employment andlor tackling social isolation as well as supporting member
organisations to have increased r8sources in d81ivering their work, The centre continues lo offer a brokgrage service rnatching
potential volunt8ers with local groups and opportunili8s. 336 peoplè receiv6d help with volunleering, and 61 were placed into
volunteering vacancies via BAVO.
Every June, wo celebrate Volunteers, Weok and highlight the crucial rol8 volunteers play in fostering greater wellbeing and positiv8
outcomes for individuals and communities throughout Bridgend County.
Page 2

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS {BAVO) (REGISTERED NUMBER: 07691764)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
14} Influencing and Engagement
BAVO is a member of the Public Service Board and Regional Pathership Board Structures and remains actively engaged in
slrateglc processes wllhin Health and governmenl. BAVO facllltales represenlation andlor Ihlrd sector dlrect engagement at over
100 partnerships, joint planning andlor working groups. BAVO also supports several Third sector provider networks to co-produce
approaches to meeting community needs and to providing a conduit for feeding voluntary and community voices into the strategic
partnerships.
15) Providing practical services
Accessible meeting and hybrid conference facilities are available to members and are used for recruitment, training, wnsultalions,
and workshops. Ho14esking is also available for oiganisations to hSre at low cosl, and self-contained office and shop front spaces
are available for longer-lerm rental at reasonable rates.
16} Additionol Projects
Alongside our core provision, BAVO continued delivery of the 'Regional Integrated funded, programmes - 'Communily Navigators,
and 'Resourceful, connected and coordinated communities., A whOl￿sYsteM approach to 5UPPOrt capacity building for voluntary
and communily groups, which helps provide assurance and safety in connecting individuals to services and opportunities that meet
their needs and interests.
In addition to the KPIS outlined, our Community Navigator team {who work primarily with individuals aged over 50. people living with
dementia, adults with learning disabilities and carers) received 604 new referrals from professionals and an additional 438 new
clien15. Sorne people had several presenting issues that our team 5UPPOrted, and 1648 were assisted. In the year, including
existing contacts, there were 9907 onward referrals and service signposting. We again exceeded the annual target, and 96 /• of
8ervicg users took up the support offered. Referrals received relevant support and wera signp081ed to appropriat8 assistance in a
timely way, with 970/0 of assessments delivered within the target.
The Navigators work with a range of partners who provide referrals to the tearn, and a range of community-based provision lo
whom they sign-post individuals. Similar lo last year, 890/0 of referrals were signposted lo third sector, cummunily and voluntary
sector support. 40/0 lo the private sector and 70/0 required statutory support.
We also continued to deliver Community Companions, a befriending scheme that is crucial to enabling older people to feel sc¢ially
connected and remain less isolated and more independent insofar a5 possible. 30 people were befriended through this programme,
and 20 volunteers provided over 1200 hours of support.
17) Member Engagement
Surveys, feedback loops, events, face-to-face supp)rt, and general member engagement mean we often gain insight that helps us
to conlinuously improve. We review our delivery and service oflèr regularly and finalised our slralegy consullalion process with
members and stakeholders during which lime we connecled through suNeys and focus groups lo dètermine what services were
importanl lo relain, improve andlor grow, and where there may be gaps in Service. The Board agreed lo d&signat8 res8rves lo meet
the ar8as for growlh Ih81 w8r8 reques18d by members, and started work on planning fulure servic8s for 25126
18) Demonstrating Impact
BAVO is monitored in a rang8 of ways via varlous agencles and funders for both core and prolecl acllvSty. We provide quantilallve
and qualitative monitoring returns in various formats such as outcome report cards, case studies, film, stats, and key performance
indicalor {KPII data as prescribed by the funder. We also undertake annual reviews and audits wilh funders, and w8 hav8 been
SUCC8ssful in achieving a rang8 of targ81s sel by thes8 bodi8S.
Under the agreed Third Sector Support Wales core oulcomes framework, the KPIS were as below, the outputs were enhanced as
addib'onal work delivered through Shar&d Prosperity Funding,
2025
362
336
£948,442
£138,948
377
1,504
2024
285
250
£665,513
£178,653
147
1,594
Organisations supported with direct advice
Individuals supported with volunteering
Funding applications supported
Funding distributed
Attendees al training and webinars
Completed enquiries
Page 3

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS {BAVO) (REGISTERED NUMBER: 07691764)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Flnancial review
Flnanclal posltlon
Our work is made possible by a mixture of exlemal funding, for which we express our sincere Ihanks to our partners and funders.
We also have a level ofself-generaled income as set out in the accounts.
During the year, the charity's incoming resources were £1.140,321, of which £492,510 was for core and unrestricted activity and
£647,811 was foi resliicled purpose5, includin9 granl distribution.
At the end of the year, the charity's overall fi'nancial resour￿5 increased by £264.216. The Board has designated £1,133,905 to
meet specific future needs in line with its newly commissioned strategic plan and objeclives, and aligned with its risk review.
Del8ils of planned desi9naled funds over the next 5-year mid-term 8trale9y are Shown in the accounts, 83 8re the amounts of
funding held as fixed assets. The general undesignaled lunds provide for sufficient cashflow requirements in the year and
incorporates the charity commission recommended practice and allowing for contingencies and maintaining staff levels to continue
delivery at current levels in line with the organisations risk review given the current era of financial instability in the general wider
economy, and the future cuts being proposed by public sectcf funders..
Inv8stm•nt policy and objectivos
The trustee5 reviewed their cash investments and considered the need for a balance b9tween liquidity and return on investment.
and the most appropriate low-risk route to this end.
As such, BAVO us88 a Spread of currant and short-lemi deposit account8 to ensure appropriate acces8 to funds.
Approximately 500/0 of the unrestricted reserve 15 placed via the Flag51one investment plaffomi, into a spread of the highest
possible interest rate providers available. BAVO has deposited funds into vaiious short 13 months) to medium 118 months)
fixed.lerm and notice accounts, which are considered low risk and offer FSCS protection. Regard is given lo stability, and insofar as
possible, the ethical status and social investment aims of the relevant body.
Reserves policy
Truslees have set out the charity's reserves policy, and this ensures organisation can meet ils legal obligations. The policy is an
int8gral part ol Ihe charity's slralègic plan. 11 has be8n set lo allow the designated reserv8S to align with th8 m8dium-term strategy
sel out by the Board. The policy also takes into account the budgeting and risk management process, and includes the following
aspects..
Contingency planning - the ¢rilical costs
Strategic priorities -medium term plan lo support the charily's delivery for member benefil
Cash flow neéds where work is relrospeclively claimed
A level of reserves lo m8el unexpected and uninsured costs
Capital reserves for building and equipment needs
Designated funds reprèseni planned spending whS¢h will be defrayed in the medium term.
The remaining unrestricted reserves are consid8red lo be the true free reserves held by the charity. Th& Board will review Ihe
res8rves policy annually taking into account the financial, slrstegic, environm8ntal, operalional and risk positions
Taxallon Status
The charity is exempt from corporation tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of
the Taxation of Chargeab16 Gains Act 1992 to th& axtenl that these are applied lo its charitable objects.
Page 4

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS {BAVO) (REGISTERED NUMBER: 07691764)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a company limited by guarantee, governed by its Memorandum and Articles of Association. The company was
incorporated on 4 July 2011 and has been operational since April 2012, when it look over the undertakings of a non-incorporated
charity establlshed in 1998. The Irusleesldlrectors are elected al each AGM from nomlnallons recelved from member organisatlons
andlor Board recommendations and serve for three years, after whith they may pul themselves forward for re-appointment. The
Board must have al least 5 and a maximum of 9 members, with up to one third of them due for re-appointment in any year.
The Board of Trustees meets al least quarterly. The Chief Execulive, appointed by the committee, oversees the day-to-day
operations. Staff ieporl lo the Chief Execulive on Specific projects and services, adiniiiisliatioii, and finanTr. Further details are
shown under adrninistrative information.
There were new Trustees in the year, and all newly appointed trustees receive an induction. Training and detailed information on
BAVO is provided through a series of meetings with the Chair, other Iruslees and the Chief Executive.
The pay slrucknre of ernployees is set according to nationally negotiated NJC tables and Gommensurale with role and responsibility.
Relat8d partios
No trustee received remuneration or other benefit from their wotl< with the charity during the year.
BAVO is a member of Third Sector Support Wales ITSSWI, comprising Wale5 Council for Voluntary Action IWCVAI and fellow
county voluntary councils from across Wales. All transactions are at arm's length.
Rlsk Management
The Board regularly reviews the major strategic, financial and operational risks fac8d by the charity, and ha8 6Stabli8hed
procedures to miligate those risks. Financial risks are being reduced by agreeing funding for both core function5 and specific
projects for periods longer than hvelve months and by seeking lo build up free reserves as indicat&J above.
Status
The association is governed by its memorandum and articles of association, which establish the objects and powers of the charity.
and is governed by a Board made up of Board nominations and nominees of member organisations who are elected at each AGM.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07691764 IEng18nd and Wales)
Registered Charity number
1146543
Register•d office
112-113 Commercial Slreel
Maesleg
CF34 9DL
Truslees
Slephgn John Curry
Marged Griffiths
Mari Major
Richard Young (resigned 11.6.241
Phil Fiander
Phillip John
Amanda Edwards
Thomas Henry Beodle Rotired (appointed 7.2.251
Tania Eslelle Bending Chartered Accountant {appointed 7.2.251
Key management personnel
Chief Executive Officer: Heidi Bennett
Operations and Partnership Manager: Kay Harries
Page 5

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS {BAVO) (REGISTERED NUMBER: 07691764)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Bevan Buckland LLP
Chartered Accountants
And Statutory Auditors
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Paik
Swansea
SA7 9LA
Bankors
Co-operative Bank, Delf House. Skelrnersdale WN8 6WT
CAF Bank Ltd, 25 Kings Hill Avenue. Kings Hill. West Malling Kent. ME19 4TA
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Irustees Iwho are also the directors of Bridgend Association Of Voluntary Organisations IBAVOI for the purposes of company
lawl are revponsible for preparing the Report of the Trustees and 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 fSnancial statements for each financial year. Under that law, the trustees hav8
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unles5 they are satisfied that Ihey give a true and fair
view of the state of affairs of the charitable company and of the incoming resources and application of resources, including th8
income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees ar8
required to
select suitable accounting policies and then apply them consi51ently,'
observe the methods and principles in the Charities SORP.,
make judgements and eslimat8s that ar8 reasonable and prudent.,
state whether 8ppIic8ble accounting s18ndards have been followed, subject lo any material departures disclosed and explained
in the financial statements.,
prepare the financial statements on the going concern besis unless it is inappropriate lo presume that the charitable company
will continue in business,
The trustees ar& responsible for keeping prop8r accounting records which disclose with reasonable accuracy al any lime th8
financial posilion of the charitable company and to enable them lo ensure Ihal Ihe financial slalemenls comply with the Companies
Acl 2006, They are also responsible for safeguarding the assels of the charitable company and hence for taking reasonable steps
for the prevenllon and detection of fraud and other irregularitiès.
In so far as the truslees are awar8:
there is no relevant audit information of which the charitable company's auditors aro unaware., and
the trustees have taken all steps Ihal they ought to have taken to make Ihemselves aware of any relevant audit information and
to establish that Ihe audilors are aware of thal information.
AUDITORS
The auditors, Bgvan Buckland LLP, will be proposad for re-appointment at the forthcoming Annual General Me8ling
Report of the Irusl8es, incorporaling a strategic report, approved by order of Ihe board of trustees, as the company directors, on 18
October 2025 and signed on the board's behalf by..
Marged Grifft"ths - Trustee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRIDGEMD ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVOI
Opinion
WEI have audiled tha financial statements of Bridgend Association 01 Voluntary Organisations IBAVO) Ilha 'charitable company,)
for tha year ended 31 March 2025 which comprisa the Slalem8nl of Financial Activitias, the Balance Shegl, tha Cash Flow
Statement and notes to the financial statgments, including a summary of 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 Accounling Practlcel.
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as al 31 March 2025 and of its incoming resources and
application of resources, including its income and expendilure, for the year then ended:
have been properly piepared in accordance wilh Uniled Kingdotn Geiierally Ac￿pIed Accounling Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UKI) and applicable law. Our
responsibilities under those standards are further described In the Auditors, responsibilities for the audit of the financial slalements
section of our report. We are independent of the charitable company in acGordance with the ethical requirements that are relevant
to our audit of the financial stalernents in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibililies in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions r•lating to going concern
In auditing the financial slatemenls, we have concluded that the tru5tees' use of the going concern basis of accounting irb th8
preparation of the financial slalements 15 appropriate.
8a8ed on tho work we have p8rformed, we have not identified any material uncertainties rolating lo av8nts or conditions that,
individually or collectively. may cast significant doubt on the charitable company's abilily lo continue as a going concern for a period
of at least twelve months from when the financial statements are aulhorised for issue.
Our r8sponsibilitl8s and th8 re8wnsibilities of the trust88S Wlth resp8Ct to going concern are describ8d in the relevant sections of
this report.
Other information
The trustees are responsible for the other information. The other information comprises the inlormation included in the Annual
R8POrt, other than the financial slatemenl8 and our Report of th8 Ind8P8ndenl Auditors ther80n.
Our opinion on the financial slalements does not cover Ihe olher information and, except to the 8xlent olhemis8 explicitly staled in
our report, we do not express any form of assurance conclusion thereon.
In connection with our audit ol the linancial statements, our responsibility is lo read the olher information and, in doing so, consider
whelher th8 Other information is materially inconsistenl with Ihe financial statements or our knowledge obtained In lh8 audit or
otherwise appears lo be materially misslaled. If we idenlify such material inconsistencies or apparenl matèrial misslatements, w8
are required to determine whether this gives rise to a material misstatement in the financial slalem8nts themselves. 11, based on the
work we have performed, we conclude that there is a material misslatement of Ihis other Infomation, we are r8quired to report that
facl. We have nothing to report in this regard.
Oplnlons on other matlers prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in tho course ol the audit:
the information given in the Report of the Trustees for the financial year lor which the financial slalements are prepared is
consistenl with the financial statemen15- and
the Raport of the Trustees has baen preparad in accordanc8 with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In tho light of Ihe knowlgdgo and undorstanding of the charitablo company and its environment oblained in the course of the audit,
we have not identified material misslalements in the Report of Ihe Trustees.
We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our
opinion..
adequate accounting records have not been kept or returns adequate for our audit have not been received frorn branches not
visited by us; or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosure5 of trustees. remuneration specified by law are not made-, or
we have not received all the information and explanations we require for our audit.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRIDGEMD ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVOI
Responslbllitles of trustees
As eKplained more fully in tha Statoment of Trustees, Rasponsibilities, Ihe truslaes (who are also the direclors of tho charitable
company for the purposes of company lawl are responsible for the preparation of the financial slatemenls and for being satisfied
that Ihey give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of
financial ststements thal are free from materlal mlsststement, whether due lo fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company'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 charitable company or to cease operations, or have no realistic alternative but lo do so.
Our responsibilities for the audit of the financial statemgnts
Our objectives are to obtain reasonable assurance about whether Ihe fSnanclal statements as a whole are free from material
misslalement, whether due to fraud or error. and to issue a Report of the Independent Auditors 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 alway8 detect a material misst8temenl when il exists. Misslatement$ can arise from fraud or error and are considered material
if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the
basis of these financial Statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Extont to which the audit was consid8r•d capabl8 of dalecting irregularitias. including fraud
We identify and assess the risks of material misstatement of the Financial Statements. whether due lo fraud or error, and then.
design and perform audit procedures responsive lo those risks, including obtaining audit evidence that is sufficient and appropriat8
to provide a basis for our opinion.
We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement team members
whilst planning the audit and continually monitored our independence throughout the process.
Identifying and assessing polential risks related to irregularities.
In identifying and assessing risks of material misstalemenl in respect of irregularities, including fraud and non-compliance with laws
and regulations, our procedures included the following..
enquiring of management, including obtaining and reviewing supporting documentalion, concerning the Charity's policies
and procedures re181ing to-.
identifying, evaluating and complying wilfv laws and regulations and whether th8y wér8 awar8 of any instances of
non-compliance.,
delecling and responding to th8 risks of fraud and whether they hav@ knowledge of any actual. suspected or alleg8d
fraud,
thè intèrnal controls established lo mitigale risks relaled to fraud or non-compliance with laws and regulations.,
discussing among the engagement team how and where fraud mighl occur in the financial slalemenls and any polenlial
indicalors of fraud.
obtaining an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on those laws and
regulalions that had a direcl effect on the financial stalemenls or that had a fundamental effect on the operations of the
Charity, The key laws and regulations we Considered in this conlext in¢luded the UK Companies Act and relevant tax
legislation.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRIDGEMD ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVOI
Audlt response to rlsks Idèntlfled
In addilion to the above, our procedures to respond to risks identified included the following..
reviewing the financial statement disclosures and testing to supporting documenlation to assess Complian￿ with relevant
laws and regulations.,
enquiring of management Gonceming actual and potential litigation and Glaims- perfomiing analytical procedures to identify
any unusual or unexpected relationships that may indicate risks of material misslatement due to fraud.,
reading minutes of meetings ofthose charged with 9overnance;
in addressing the risk of fraud through management override of controls. testing the appropriateness of journal entries and
olher adju5ttneiits',
assessing whether the judgements made in making accounting eslimales are indicative of a potential bias., and
evaluating the operatlonal rallonale of any slgnificant transactions that are unusual or outside the normal course of
operations.
We also communicated relevant identified laws 8nd regul8lion8 and potential fraud risks to all en9a9ement team member8 and
remained alert to any indications of fraud or non-compliance with laws and regulations throughout1he audit.
A further description of our responsibilities for the audit of the financial stalemenls is located on the Financial Reporting Council's
website al www.frc.org.uklaudilorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Usa of our roport
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Parl 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might State to the charitable cornpany'5 members thos8
matters we are required to stale to them in an auditors, report and for no other purpose. To the fullest extent permilled by law, we
do not accept or assum8 responsibility to anyone other than th@ charitable company and the charitable company's members a8
body, for our audit work, for this report. or for the opinions we have formed.
Michael Jones (Senior Statutory Audilorl
for and on behalf of 8evan Buckland LLP
Chartered Account8nts
And Stalulory Auditors
Ground Floor Cardig8n House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA
29 October 2025
Page 9

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
STATEMENT OF FINANCIAL ACTIVITIES
{INCORPQRATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
597
597
952
Charitable activitie5
Charitsble aclivilies
393.576
647,811
1,041,387
969,414
Other trading aclivilies
Investment income
Total
17,125
17.125
21,316
492,510
647,811
1,140,321
1,030,852
EXPENDITURE ON
Charltable actlvltles
Charitable a¢tivltles
250.061
876,105
898,764
NET INCOME
Transfers between funds
Net movement in funds
242,449
10
242,439
21,767
10
21,777
284,216
132,088
18
264,216
132,088
RECONCILIATION OF FUNDS
Tolal lunds brought forward
2.137,637
541,069
2,678,706
2,546,618
TOTAL FUNDS CARRIED FORWARD
2,380 076
2,942,922
2 678 706
The notes form part of these financial statements
Page10

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS {BAVO) (REGISTERED NUMBER: 07691764)
BALANCE SHEET
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
14
155.903
155.903
169,463
CURRENT ASSETS
Deblors
Investments
Cash al bank and in hand
15
16
147,976
925,759
1 188.951
2,262,888
147.976
925.759
1,751,797
2,825,532
127,682
596,726
1822 387
2,546,795
562,846
562,846
CREDITORS
Amounts falling due within one year
17
{38,513}
{38.513)
137,5521
NET CURRENT ASSETS
2 224 173
562,846
2 787 019
2 509 243
TOTAL ASSETS LESS CURRENT LIABILITIES
2,380,076
5C2,846
2,942,922
2.678,706
NET ASSETS
FUNDS
Unrestricted funds
ResliiGled funds
TOTAL FUNDS
2 380 076
562 846
2 942 922
2 678 706
18
2,380,076
562,846
2 942 922
2,137,637
541,069
2 678 706
The financial stslements wer8 approved by th8 Board of Trust888 and authorised for issu8 on 18 October 2025 and w8re signed on
Ils behalf by..
M8rged Griffiths - Trustee
Mari Major . Trustee
The notes form part of these financial statements
Page11

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operatlng ac¢lvltles
Cash generated from operations
Net cash provided by/(used in) operating activities
177 231
177 231
19,0601
19,0601
Cash f lows from Invèstlng aellvltles
Purchase of 18nglble fixed assets
Investment in Current Asset Investments
Interest received
Net cash used in Investing activities
{4,0361
{596.7261
39.170
561,5921
(329,033)
247 821)
Change In cash and cash equlvalenls In
the reporting period
Cash and cash equivalents at the
beglnnlng of the reportlng perlod
Cash and cash equivalents at the end of
the reportlng perlod
{70,590)
{580,6521
1,822,387
2.403.039
1,751.797
1.822,387
The notes form part of these financial statements
Page12

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net Income for the reportlng perlod las per the Statement ot Flnan¢lal
Activities
Adjustmgnts for:
Depreciation charges
Interest received
InLiedse in debtors
Increaselldecreasel in creditors
Net cash provlded byl{used In} operatlons
264,216
132.088
13.580
(81.2121
(20.2941
961
177231
13.390
139,1701
151,2131
74,1551
19.0601
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4,24
Cash flow
At 31.3.25
Net cash
Cash at bank and in hand
1 822 387
1,822,387
70 590)
70,5901
1,751,797
1 751 797
Llquld resources
Deposits included in cash
Current asset investments
596 726
596,728
2419113
329 033
329.D33
258 443
925 759
925 759
2 677 556
Total
The notes form part of these financial statements
Page13

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
STATUTORY INFORMATION
Bridgend Association Of Voluntary Organisations is a charitable company, limited by guarantee. registered in England and
Wales. The charilWs registered number and registered office address can be found on Ihe Reference and Adminlstralive
Details page.
The presentation currency of the financial ststements is the Pound Sterling {£1.
ACCOUNTING POLICIE8
Basis of preparing the linancial statements
The financial statements of Ihe charitable company, which is a public benefit entity under FRS 102, have been prepared in
aocordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Sialement of Recommended
Practice applicable to charitie8 preparing their accounts in accordance with the Financial Reportin9 Standard appliG8ble in
the UK and Republic of Ireland IFRS 1021 {effeGlive 1 January 20191,. Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
At the time of approving Ihe accounts, the trustee5 have a reasonable expectotion thot the charity hos adequate resources
to continue in operational existence for the foreseeable future. The INstees have reviewed the reserves policy which
SUPPOrts the long-term business plan of the charity.
Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
Critical accounting judgements and key sources of estimation uncortainty
The charity makes estimales and assumptions concerning the future. The resulling accounting estimates will by definition,
seldom equal the related actual results. The estimates and assumptions that h8ve 8 significant risk of causing material
adjustment to th8 carrying amounts of assets and liabilities within the next year are addressed below-
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimate useful economic lives and
residual values of Ihe assets. The useful economic lives and residual values are re-assessed annually. They are amended
when necessary lo reflect current estimate, based on technological advancement, future Inveslmenls, economic utilisation
and th8 physical condition of the assets.
Impairment of debtors
The charity makes estimates of the recoverable value of debtors. Vvhen assessing Ihe impairment of debtors, management
consider faclors including Ihe current credil raling of the debtor, the ageing prolile ol deblors and historic experience,
Income
All income is recognised in the Stalemenl of Financial Activities once the charity has entitlement to the funds, any
perf0mlan￿ condilions allached to the ilemlsl of incorne have been met, il is probable that the income will be received and
the amount can be measured reliably.
Incomg from government and other grants, whelher 'capital' grants or 'revenue' grants, is recognised when the charity has
entitlement lo th8 funds, any performance conditions attached lo the granls hav8 been met, it is probabl8 that th8 income
will bo roceived and tho amounl can bo measured reliably and is not deferred. Interest on funds hold on deposit is includod
when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest
paid or payable by the bank. No value ha5 been placed on the support given to the charity by way ol volunleer assistance
Room hir& income is included in the pariod in which tha rental takes place.
Expendlture
Liabililics are recognised as expenditure a5 soon as there is a legal or constructive obligalion committing the charity lo that
expenditure, il 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 Ihal aggregate all cost related lo the category. Where costs cannot be directly atlribuled to particular headings
they have been allocated lo activities on a basis consistent with the use of resour￿$.
Page 14
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- contlnued
Expenditure
Resources expended are allocated to a speGific activity & fund where the cost relates diredly lo Ihat aGtivity & fund.
Support costs are those costs incurred directly in support of expenditure on the objecls of the charity, and include Ihe costs
of moniloring performance of ongoing activities. CDsts directly attributsble lo the objects of the charity are shown as
expenditure or) operational pi09rammes, advice & information in the noles lo Ihe accounts.
Grants Payable
Grants payable are accounted for in the period in which the performance conditions attaching to the grant payment are met
or, where no performance conditions apply. when a legal or constructive obligation arises. Grants offered subject to
condition3 which have not been met at the year end date are noted as a commitment but not accrued a8 expenditure.
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 provi6ion8
Creditors and provisions are recognised where the company has a present obligation {leg?l and constructivel resulting from
8 past event that will prob8bly result in the transfer of funds to a third party and the amount due to settle the obligation can
be measured or eslimaled reliably, Cr8dilors and provisions arè nomally r8cognised al their settlem8nl amount aft8r
allowing for any trade discounts due.
Tangible fixed assets
Depreciation is provided al the following annual rates in order lo write off each asset over ils estimated useful life.
Freehold property
Fixtures and fittings
Computer equipment
20A on cost
200/0 on cosl and 100/0 on cost
33010 on Cost
Taxation
The charity 18 8x8mpl from corporation lax on ils charitab18 activities.
Fund accounting
Unrestricted funds can be use¢J in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds of the charity, which the Irusl88s have decided al their discretion to set aside to
use for a specific purpose.
Restricted funds can only be used for particular restricted purwses within the objects of lh8 charity. Restrictions arise when
specified by the donor or when funds are raised for particular restricled purposes.
Golng concern
At the time of approving the financial slalemenls, tho trustees havo a reasonable expectation that the charity has adequate
resources to continue in operational existence for the forcseeable future. Thus the truslees continue to adopt the going
concern basis of acwunling in preparing the financial stalemenls.
Hlre purchase and leaslng commltments
Rentals paid under operating leases are charged to the statement of financial activities on a slraight-line basis over the
period of the lease
Page 15
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- contlnued
Penslon Costs and other post-retlrement beneflts
Shorl-lemi employee beneflts that are expected to be settled wholly before twelve monlhs after the end of the annual
reporting period in which the ernployees render the related service..
lal wages. salaries and social security conlribulions.,
Ibl lime in lieu owed to the employee.
Conlribulions are made by the Gharity to a group personal peiision sthetne which is independently administeied, on the
basis of a contribution by the charity of 8 % of gross pay. Ernployees may also choose to contribute an additional amount
from their gross pay. The amounts chargeable lo expenditure represenl amounts payable by the charity into the scheme
during the year. There is no further liability of the charity in respect of the scheme. or any predecessor scheme.
FinanGi)I Instrum•nt¥
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual
provisions of the inctrument,
Financial assets and liabilities are offset, with the net amount5 presented in the financial statements, when there 15 a legally
enforceable right to Sel off the recognised amount5 and there is an intention lo settle on a nel basis or to realise the a5S81
and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, sre initially measured at transgction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless th8
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised.
Current Asset Investments
Investment policy - when available, surplus cash is invested in a high interest saving pl8lform, in order to maximise ineome
but r8lain acc8ssibilily. This heading includes cash on d8POSIt and cash equivalents which generally has a maturity ol less
than 18 months.
Classificalion of financial liabilities
Financial liabililies and equily inslruments are Classified according ID the substance of the contractual arrangemènts
entered into. An equily instrument is any contract Ihal evidences a residual inlerèsl in Ihe assets of Ihe company after
deducting all of ils liabilitl8S.
Baslc financlal Ilabililies
Basic linancial liabilities, including creditors are initially recognised al transaction price unless the arrangement constitutes
a financing transaction, where the debt instrument is measured at the present value of tha fulure payrnenls discounted al a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations lo pay for goods or sorvicos that have been acquirod in the ordinary course of business from
suppliers. Amounts payable ar8 classified as current liabilities if payment is due within one year or less. If not, they are
pres8nted as non-currenl liabilities. Trade creditors are recognised initially al transaclion price and subsequently measured
al amortis8d cost using ihe effectiva interest method.
Page 16
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
DONATIONS AND LEGACIES
2025
2024
Donations
597
952
OTHER TRADING ACTIVITIES
2025
2024
Hlr2 of rooms and equlpment
Letting of office units
Training and consultancy
5,129
8,811
4,934
12.662
3.720
INVESTMENT INCOME
2025
2024
Oeposit account interest
39.170
INCOME FROM CHARITA8LE ACTIVITIES
2025
2024
Activity
Charilable 8Ctivitie8
Grants
1041387
969 414
Grants rac8lved, Included In Ihe above, aro as follows..
2025
2024
Core- Wales Councll of Voluntary Action {WCVAI
Core- Bridgend Couniy Borough Council IBCBCI
Core - Cwm Tal Morgaiinwg Uiiiversity Healili Board ICTM)
CTM Mental Health Development
CTM Building Strong Bridges Project
BCBC Transformation Resilient Communities
BCBC RIF Communlty Navlgalors
BCBC Food Poverty Grants
BCBC Focus Forward Funding
8CBC Dementia Friendly Cornmunities Project
BCBC Sundry Project Funding
WCVA - Gwirvol Grants
BCBC Social Isolation
BCT ILC Driving Change
BCBC Wami Hubs Granl
CTM PSB
Core- Development
BCBC Bafriending
230.333
55,230
16.924
88,713
42,949
141,D16
199.000
32.D44
20.000
10,000
76,929
11.650
213,195
61,230
16,416
94.940
41.657
165.249
170,784
114,660
20,000
12.000
13.256
6.650
31.377
21,000
67,047
8,000
552
28.DOO
1041,387
969,414
Page 17
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
CHARITABLE ACTIVITIES COSTS
Grant
funding of
actlvltles
{see note
81
Support
osts Isee
note 91
Direct
Costs
Totals
Charitable activities
147955
153116
876 105
GRANTS PAYABLE
2025
2024
Charitable adivilies
147 955
153594
The total grants paid to individuals during the year was as follows:
2025
2024
Oementia Freindly
GwirVol- Youth Led Grants
SolarPanel
Food Poverty
Carers Respite
Loneliness and Social Isolation Fund
ILC Driving Change
Wami Hubs Grant
799
4.977
{3.9561
114.624
(2,5671
33,471
11,296
5.0501
153,594
20,S43
31.242
18,507
67,268
147,955
The negative amounts shown above are in relation to the clawback of previously committed grants to awardees who
subsequently did not meet the required criteria.
SUPPORT COSTS
Support
costs
Finance
Totals
Charitable activi1188
491
152 625
153116
10.
NET INCOMEIIEXPENDITURE)
Net incomellexpendlturel Is stated after charglngl(credltlngl'.
2025
2024
Depreciation - owned assets
Auditors Remuneration
13.560
13.391
Page 18
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
11.
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benef1ts for the year ended 31 March 2025 nor for the year ended 31 March
2024.
Trust•es' oxpenses
Theie were no trustees, expenses paid foi tlie year elided 31 Maicli 2025 iior for the year ended 31 MarGh 2024.
12.
STAFF COSTS
2025
2024
Wages and salaries
594197
594197
611.467
611467
The average monthly number of employees dunng the year was as follows..
2025
2024
Senior management
Operational and office stsff
18
20
20
22
No employees received emoluments in excess of £60,000.
The total employee benefits received during the year of the key management personnel of the charity was £99,06912024'.
£105,159).
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
ReBtrict8d
funds
Total
funds
INCOME AND ENDOWMENT8 FROM
Donations and legacies
452
500
952
Charitable activities
Charitable activities
332,097
637,317
969,414
Other trading activities
Investment income
Tolal
21,316
39,170
393,035
21,316
39,170
1,030,852
637,817
EXPENDITURE ON
Charltsble actlvllles
Charitable activities
220 136
678 828
898 764
NET INCOMEI(EXPENDITURE)
172,899
2,167
170,732
140,8111
2,167
138,6441
132,088
Tran$fgr$ botwgen funds
Net mvement in funds
132,088
RECONCILIATION OF FUNDS
Total funds brought forward
1,966,905
579,713
2,546,618
Page 19
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued
Unrestricted
funds
Restricted
funds
Total
funds
TOTAL FUNDS CARRIED FORWARD
2,137,637
541,069
2 678,706
14.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Fre8hold
property
Computer
equipment
Totals
COST
Al 14)ril 2024 and 31 March 2025
DEPRECIATION
At 1 ￿)ri1 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
605,190
37.954
52,194
695,338
440,412
11,304
451,716
37.915
47,548
2,256
49,804
525,875
13,560
539,435
37915
153,474
164778
39
39
155,903
169,463
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Grant debtors
Prepayments and accrued income
128,036
19,940
147 976
125,991
1,691
127 682
16.
CURRENT ASSET INVESTMENTS
2025
2024
Other
925 759
596 726
Investments in Flagstone saving platform w8r8 inv8sled betW8en a 3-24 month maturity at varying inler8sI ral8S.
Page 20
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade credltors
Social security and other taxes
Other creditors
Accruals and deferred income
4,157
10,553
4.685
19,118
6,402
10.786
5.274
15.090
18.
MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.24
Unrestrl¢led funds
General fund
Critical Costs
Premises Mainlenance Reserve
Computer & Telecommunications Reserve
Organisation Development
GovernancelQualitylLegal
Strategic Support
Designated Capital Assets
960,174
300.000
30.000
15.000
10.000
15,000
638,000
169,463
2.137.637
242 449
13,548
1,216,171
300,000
30,000
15,000
10,000
15,000
838,000
155,905
2,380,076
13,558
110)
242,449
Rostricted funds
CTM Health Board Local Mental Health
Suncredit Solar Grants
Youth Support Network
Youth Volunteering
BCBC ICF Community Navigators Fundlng
BCBC Transformation Funding
CTM Building Strong BridgeslHSCWB
BCBC Dementia Friendly Communities
Health Partnerhsip Activity
BCBC Community Activilies
Core COVID Support
BCBC Food Poverty Grants
BCBC Carers Respite Grants
BCT ILC Driving Changè
BCBC Warm Hubs Grant
WCVA Safeguarding
17,015
23,595
1.935
300
830
214.439
5.205
26,312
59,496
20,011
132,992
36
17,893
18,054
2,956
30 573
(20 6431
47,588
2,952
1,935
306
830
214,439
6,144
36,312
54,865
20,011
132,992
838
17,893
18,831
2,735
4,175
562,846
2 942 922
1191
939
10000
14.6221
19
(91
802
777
12211
4175
21.767
264216
541,069
2 678 706
10
TOTAL FUNDS
Page 21
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
MOVEMENT IN FUNDS- contlnued
Net movement in fvnds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcled funds
General fund
492.510
(250,061)
242,449
Restricted funds
CTM Health Board Local Mental Health
Suncredit Solar Grants
Youth Volunteerin9
BCBC ICF Community Navigators Funding
BCBC Transformation Funding
CTM Building Strong BridgeslHSCWB
BCBC Dementia Friendly Communities
Health Partnerhcvip Activity
BCBC Food Poverty Grants
BCT ILC Driving Change
BCBC Warm Hubs Grant
WCVA Safeguarding
CTM Social Pre8cribing KITT Project
88.713
158,140)
120,643)
111,644)
(199.000)
(141.035)
(42,010)
30,573
120,643)
11.650
199.000
141.016
42.949
10.000
28.000
32.044
21.000
67.047
5.917
475
647,811
119)
939
10,000
14,6221
802
777
12211
4,175
132,622)
131,242)
120,223)
167,268)
11,742)
475)
626.0441
21.767
TOTAL FUNDS
Page 22
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
MOVEMENT IN FUNDS- contlnued
Comparatlves for movement In lunds
Nel
movement
in funds
Transfers
between
funds
At
31.3.24
Al 1.4.23
Unro5trirlod funds
General fund
Critical Costs
Premises Maintenance Reserve
Computer & Teleoommunicalions Reserve
Project & Resou￿8 Development
Organisation Development
GovernancelQualitylLegal
Strategic Support
Designated Gapilal Assets
1.058.087
275,000
40.QOQ
35,000
so,000
10,000
5.000
315,000
178.818
1,966.905
172.899
(270,8121
25,000
110.0001
120,0001
150,0001
960,174
300,000
30,000
15,000
10,000
15,000
638,000
169,463
2,137,637
10,000
323,000
9,355
12.167)
172.899
Restricted funds
CTM Health Board Local Mental Health
Suncredit Solar Grants
Youth Support Network
Youth Volunlgering
BCBC ICF Cornmunity Navigators Funding
BCBC Transformation Funding
CTM Building Strong Bridge51HSCWB
BCBC Dementia Friendly Communities
Health Partnerhsip Activity
Befriending Project
BCBC Community Activities
Core COVID Support
BCBC Food Poverty Grants
BCBC Carers Respilp Giants
BCT ILC Driving Change
BCBC Warm Hubs Grant
13,090
19,639
1.935
3925
3.956
17,015
23,595
1,935
300
830
214,439
5,205
26,312
59,496
300
121
832
214.439
5,027
22,310
59,496
27,986
36,011
132,992
178
4.002
132.2471
(16.0001
4,261
20,011
132,992
36
17,893
18,054
2,956
541,069
2 678 706
36
2567
(12.5761
5.050
40,811)
132088
15,326
30,630
2,094
2,167
579,713
2 546 618
TOTAL FUNDS
Page 23
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
MOVEMENT IN FUNDS- contlnued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcled funds
General fund
393.035
(220,136)
172,899
Restricted funds
CTM Health Board Local Mental Health
Suncredit Solar Grants
Youth Volunteerin9
BCBC ICF Community Navigators Funding
BCBC Transformation Funding
CTM Building Strong BridgeslHSCWB
BCBC Dementia Friendly Communities
Befriending Project
BCBC Community Activilies
BCBC Food Poverty Grants
BCBC Carers Respite Grants
BCT ILC Driving Change
BCBC Warm Hub8 Grant
94.940
{91,015)
3.956
16,350)
(170.786)
(165.249)
141,479)
18.248)
163,874)
116,000)
1114,624)
2,567
112,576)
5,050
678,6281
3.925
3,956
300
12)
6.650
170.784
165.249
41.657
12.250
31.627
178
4,002
132,2471
116,0001
36
2,567
112,5761
5,050
40.8111
132088
114.660
637,817
TOTAL FUNDS
Page 24
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
MOVEMENT IN FUNDS- contlnued
A current year 12 monlhs and prior year 12 months combined position is as follows:
Nel
movement
in funds
Transfers
between
funds
At
31.3.25
Al 1.4.23
Unro5trirlod funds
General fund
Critical Costs
Premises Maintenance Reserve
Computer & Teleoommunicalions Reserve
Project & Resou￿8 Development
Organisation Development
GovernancelQualitylLegal
Strategic Support
Designated Gapilal Assets
1.058.087
275,000
40.QOQ
35,000
so,000
10,000
5.000
315,000
178.818
1,966.905
415.348
(257,2641
25,000
110.0001
120,0001
150,0001
1,216,171
300,000
30,000
15,000
10,000
15,000
638,000
155,905
2,380,076
10,000
323,000
22,913
12.177)
415.348
Restricted funds
CTM Health Board Local Mental Health
Suncredit Solar Grants
Youth Support Network
Youth Volunlgering
BCBC ICF Cornmunity Navigators Funding
BCBC Transformation Funding
CTM Building Strong Bridge51HSCWB
BCBC Dementia Friendly Communities
Health Partnerhsip Activity
Befriending Project
BCBC Community Activities
Core COVID Support
BCBC Food Poverty Grants
BCBC Carers Respilp Giants
BCT ILC Driving Change
BCBC Warm Hubs Grant
WCVA Safeguarding
13,090
19,639
1.935
34 498
{16.6871
47,588
2,952
1,935
306
830
214,439
6,144
36,312
54,865
306
121
1191
1 117
14 002
14 6221
132.2471
(16.0001
832
214.439
5,027
22,310
59,496
27,986
36,011
132,992
19
(91
4,261
20,011
132,992
838
17,893
18,831
2,735
4,175
562,846
2 942 922
838
2567
(11.7991
4.829
4175
19,0441
396 304
15,326
30,630
(2,0941
579,713
2 546 618
2,177
TOTAL FUNDS
Page 25
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
18.
MOVEMENT IN FUNDS- contlnued
A current year 12 monlhs and prior year 12 months combined rbet movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcled funds
General fund
885.545
(470,197)
415,348
Restricted funds
CTM Health Board Local Mental Health
Suncredit Solar Grants
Youth Volunteerin9
BCBC ICF Community Navigators Funding
BCBC Transformation Funding
CTM Building Strong BridgeslHSCWB
BCBC Dementia Friendly Communities
Health Partnerhcvip Activity
Befriending Project
BCBC Community Activilie5
BCBC Food Poverty Grants
BCBC Carers Respite Grants
BCT ILC Driving Change
BCBC Warm Hubs Grant
WCVA Safeguarding
CTM Social Prescribing KI￿ Project
183.653
(149.155)
116,687)
117,994)
(369.786)
(306.284)
183,489)
18.248)
132,622)
163,874)
116,000)
1145,866)
2,567
132,799)
162,218)
11,742)
34,498
116,687)
306
12)
119)
1.117
14,002
14,6221
132,2471
116,0001
838
2,567
111,7991
4,829
4,175
18.300
369.784
306.265
84.606
22.250
28.000
31.627
146,704
21,000
67.047
5,917
475
1,285,628
1,304,672)
19.0441
396 304
TOTAL FUNDS
Transfers between funds
During the year the charity held a number of discussions wilh funders in order to Use some historic reslricled funds and il
was a9rood Ihoso could be repurposod for now restriclod Iniliatives. Whoro tho original fvnder no longer exis18 the funds
have bccn transferred to similar rostrictcd aclivilies.
19.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
20.
RESTRICTED FUNDS
There are 15 restricted fund with balances al the year end, and 16 restricted funds being ulilised during the year, they
rp.IAlp. lo grants he.ing rp.rTr.ived in this ypar nr the prpviniJ8 yp.ar lo f(Jnd spp.rifir, AclivitlPS And pxppndiliirp.
The restricted funds are..
CTMLMHG..
Mental health dgvelopment sarvica support
Suncredlt:
Community grants for the areas of Laleslon, Penyfai and Wildmill
Youth Support Network:
For vcluntary youlh services support
Youth Voluntserlng:
Projed grant for youth led projerts
Page 26
conlinued..-

BRIDGEND ASSOCIATION OF VOLUNTARY
ORGANISATIONS IBAVO)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
20.
RESTRICTED FUNDS- contlnued
ICF Navlgators..
For c(ynrnunily navigation project revenue and resources
Transformallon:
For Common access point, neljvork and developfflenl activity
CTM Building Strong Bridges..
Health and social care development servlce
BCBC D8monlia FC..
Projed for improving awareness, skill3 and developing DFC
Health Partnership Activity:
To support community wellbeSng development and activity
Befriending..
To deliver a community companion8 befriending project
BCBC Communily Actiyilies:
To develop community piojects and opportunities to reduce Ssolatlon and improve social mobility
Core Covid Support..
To support core service and facilitate community resourcefulness and covidlcost of living recovery
BCBC Food Pov8rty Grants:
Grant lundholder.. to support the work of the community food partnership through distribution of grants to the sector
BCBC Carers Respite Grants:
Grant lundholder.. to support the work of the carers partnership through distribution of gr8nls to the sector
BCT ILC Drlvlng Change:
Grant lundholder for the Invest Local Caerau parlnership which distributes grants for community activity in Caerau.
BCBC Wamb Hubs grants,
Grant lundholder.. 5UPPOrt warm hublsocial isolation projects through distribution of grants
21.
DESIGNATED FUNDS
There are 7 designated funds with balances at the year end..
Mid temi Strategy Delivery £638,000
General Critical costs16 months critical costs) £300,000
Premises maintenance. £30,000
IT upgrade5 £15,000
Org devel £10,000
Govlqualityllegal contingency £15.000
The above designated funds are set to align with the ambitions detailed in thg renewed mid term strategic plan which
includes investment in digital and IT, incieasing staff capacity, R & E, Sector Leadership support. developing local
fundraising, netNorks and workforce development.
-Fixed assets,this represent5 the NBV of the fixed assets at the year end £155,903
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