REGISTERED COMPANY NUMBER: 03867751 (EDgland and Wales} REGISTERED CIIAIUTY NUMBER: 1151397 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR COMMUNITY & VOLUNTARY SUPPORT CONWY Williams Denton Cyf Chartered Certified Accountants Statutory Auditors Glaslyn Ffordd y Parc Pa Mcnai Bangor Gwynedd LL57 4FE
COMMUNITY & VOLUNTARY SUPPORT CONWY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees ststement of Tru$te¢s' Responsibilities Report of the Independent Amdfitors Statement of Financial Activities io Balance Sheet Cash Flow Statement 12 Notes to the Cydsh Flow Statement 13 Notes to the Flnancial Statements 14 to 34
COMMUNITY & VOLUNfARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Inle¢S who are also dire¢tors of the charity for the purwses of the Companies Act 2006, present their report with the financial statements of the rharity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rew>rting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (cfftIve l January 2019). ORJEcfivES AND ACTivrriES Aehievements and Perfonnanee 2024-25 w&$ another challenging year for the sector but CVSC contlnued to provide infornied and effective support to volunteets and community organisations throughout. This support was r¢co8nised in the excellent KPI results maintained through the year. Our achievements this year included the following: - Funding obtained by organisations through Sllprt fiDm CVSC equalled £2,991,511 - Grant monies of £2.574,826 were distributed through our grant schemes. - Number of different organisations supported- 490 - The varlous governance issues around safeguarding and keeping everyone safe tEmained upperniost in ppIc,S minds and were reflected in the work and ongoing suptM)rt CVSC offered from one-to-one suppor¢ sharing of go(Kl practice through our NetWOS, to relevant training and infonnation updates. - We supp)rt¢d the learning and skills development within the sector and provided accessible tratning Courses, Network events and inforniation briefings online. - 152 Volunteers registettd ¢)n the Volunteering Wales website www.voluDteering-wales.net - 168 Volunteers supported with their volunteering journey - CVSC M¢mbe13hip - 216 - PaTinership Event participants- 206 - Digital Training participants - 44 - FaLY to face Training partA¢ipants -77 The fijnding sources for CVSC for the Yr Ended 31 Fhaarch 2025 were a combination of self-generated income and ore funding received from the Welsh Governmfflt. Core thnding remains a small percentage of CVSCS total funding at 7 /0 and therefore CVSC has continued to seek sustainability by sourcing funds from other providers. The Trustees aware that continued fimding from statutory agencies Cal0t be &ssumed going forwards and actively &xplore options to nMintain CVSCS service delivery to the sector. Public benefit The tntteS confinn that they are mindful of the guidance contained in the Charity Commissionegs general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making process. Grantmaking The chartty has established its grant making policy ts achieve its objects for the public b¢nefit. Page I
COMTrtUNITY & VOLiNfARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reseryes poliey & Going Concern ReseeS needed io bridge the belween the SndIng and receiving of income and to cover unplanned expenditu. The Trustees are pleased that there is no longer a deficit on the Local Authority Pension fund and this is reflected in our Reseryes. The resmies policy was reviewed and amended by the f]nance sulFgroup to ensure that th¢ current level of working reserves is comfortably aiM)ve the minimum level stipulated in our reserves policy for this period. The Trustets are also aware that there Rs a potential futUT¢ liability if CVSC were to terniinate the ernployment of staff members who are part of the Local Authority Pension Fund. The cash ourflows in the next 12 months are known and are included in the budgets for the 2025126 accounts. We continue to benefit from the extra income streams sourced in previous years but we are always looking for additional thams gotng forward to ensure our future suslainability. The trustees are not expecting to have to draw on the reserves to any great extent this year and it is one of the stsnding items for the finance sub-group to forn]ulate plans to ensure this Continues. The trustees have tEviewed the financial projection of the ¢harAty and consider that adequate resources continue to be available to fund the activities of the charity for the for¢se¢able fvt. The trsteeS are of the view that the charity is a going concern. The tsustees are aware that the level of future core filnding is likely to reduce therefore they will continue with the cuentlY successful pli¢y of Iwking to secure project income to reduce reliance on core funding. Expendityre during the year has again been closely monitored by the Trustees. Given the ¢utt¢nt nOMiC climate and our cumt reserves. the year-end p)sition is deemed to be satisfactory. ID accordance with the recommendations set by the Charity Commission, CVSC has a Reserves Policy th* ¢overs.' - The reasons why CVSC needs reserv¢s. - What level of reseeS the trustees believe the charity needs. - What steps CVSC has taken to establish or maintain reserves at the agreed level - Anw)gements for monitoring and reviewing the wilicy. All Grnnts athninistered by us in accordance with the newly revised Funding Code of Practice of the Welsh GovernTnenl and the particular rules and gulatIOnS set by the OTganisation providing the funds. FirruRE PLANS We continue to be wmmitted to canying the message of sustainability to our group& to improve the ceSS and take up of opportunities ihrough wllaborative working and where appropriate a consortium approach. op)nity Undoubtedly the will be other challenges ahead given th¢ ewnomic ¢limat¢ and the certainty of further cuts to our fijnding. CVSC Tnlstees along with the Chief Officer and Senior Leadership Team are w01n8 on updating the business plan and the strategy going fonvard and are conftdent that CVSC will continue to deliver a comparable service to the sector in the forthcoming year, and beyond. Page 2
COMMUNITY & VOLuNfARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNALYCE AND MANAGEMENT Governing document The charity is controlled by its governing docummt and constitutes a company limited by guarantee. as defined in the Companies Act 2006. Responsibility for the control of CVSC'S activities and funds is that of CVSC'S Board of Trustees, who ensure the income of the charity is applied for the purp set out in the governing documents. It is the TSteeS who make all decisions in relation tr) strategy and budgets. CVSCS Chief Offi¢ff, Elgan Owen. reports directly to the Board of Trustees and is responsible for the day to day a¢ttvities of the orgAnisation. There are further lines of manag¢menLlsupervision within the organisation. organisation has an Internal Financial Pn)cedure document which is vieWed annually by the Trusts¢s. Non-core pJects submit quarterly financial rertS to the Trustee& through the Chief Officer. rMi&sion CVSC will be a strong independent voice for voluntary action in the county of Conwy and a hub for advice and supporL disseminating infomlation and promoting best prnctice. Objectives - To support the development of new proje¢ls which enhance community and voluntary action. - To be an effective conduit between public. private and third se¢tor agencies in Conwy. These will Continue to be met by.. Providing an accessible and accurate range of sUprt se]CeS to enhance the development and effectiveness of voluntary and community action. - Identifying the views of a broad range of voluntary groups and representing those views to decision makers thus leading to eff¢¢tive oulcomes and partnerships. - Assis¢ing in the provision of an effective volunleering s¢rvAce. - Participating in local partherships and strategies and encouraging joint working. - Fulfilling recognised organisational standards Non<ore Plojects A number of pN)jects operats under the wing of CVSC. These pje¢ts deliver specialist seryices and operate under suitable titl¢s to reflect these services. Projects a self-financing and not all activity is directed towards achieving core objectives. Recruitment and appolntment of new trnstees Tnte¢S are appointed in accordance with the company's governing documents. TrteeS retire by ll)tation at the Annual General Meeting (AGM), and prop)sals for re-app)intment/rq)lacement are invited from voting Memb3. The CoMpanS trustees may appoint additional trustees but a trustee so apwyinted shall hold office only until the following AGM. If not apwinted at the AGM the person will vacate office at the conclusion of the meeting. The Chair and Vice-chair are elected by the Boanl of Trustees and hold office foT 12 months. The TSteeS are issued with an 'induction pack,, which contains details of the roles & responslbilities of trustees, a copy of the company's governing docum¢nts, copies of internal monitoring and (xjntrol dwum¢nts. policies and full inforniation aut the company's operations. Key mAnagement remuneration The Key Manager has been app)inted in line with CVSC'S Recruitment Policy. The salary is set &8 per the National Joint Council for Local Government Services pay scales for that level of Management. There w&8 a pay incre&£e applied this year in line with the NJC pay award for all stalt there were Th) additional benefits. Page 3
COMMUNfrY & VOLuNfARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTiJRE, GOVERNANCE AND MANAGEMENT Risk management The Trnstees have a duty to identify and review the risks to which the charity is exposed and to enswe appropriate controls are in place to provide reasonable assurance against fraud and error. The B0d has developed a risk management proce&s, which involve5 the trnstees and staff members. All currently identified risks in pursuan¢e of achieving our key objectives have been assessed and the IneeS are satisfied with the systems adopted to alleviate Ihose risks. Part of the process is to review the risk asses%nent on a regular basis. Strurture A new management structure was designed and implemented to improve lines of communication, promote K)re effe¢tiv¢ delegation and empower team manage]5 to make infornied decisions regrnding their team Membe woA( allocation and consistency of service delivery. REFERENCE AND ADMINISTIL4TIVE DETAILS Registered Company number 03867751 (England and Wales) Reglster¢d Charity number 1151397 Registered office 7 Rhiw Road Colwyn Bay CONWY LL29 7TG Trustees Mrs M Kelly Mrs M Trinder (Chair) (resigned 15.11.24) Councillor E Roberts (resigned 9.9.25) Councillor M Priestley Mrs S Milburn (nee Davies) (resigned 18.9.25) Ms S Jones (resigned 21.10.24) Ms J Tann (Chair) Mrs D Fisher R¢ti]rd C M Humphreys Baroness (resigned 19.9.25) Mr B E Watson Mrs B W Roberts (appointed 12.6.25) Rev Dr J S Garnett (appointed 12.625) Key Management: Mr Elgan Owen- Chief Executive Officer CompAny Secretary MrDEOwen Page 4
COMMUNITY & VOLUNTARY SUPPORT COIYWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAIiS Auditors Williams Denton Cyf Chartered Certified Accountants Statuknry Audilors Glaslyn Ffordd y Parc Parc Menai Bangor Gwyncdd LL57 4FE 2ts.01 ..20Ik.......and Approved by order ofthe board of trustees on .............. signed on its behalf by". Ms J Tann (Chair) - Trnstee Pagc 5
COMMu1[y & VOLuNfARY SUPPORT CONWY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees (who are also the directors of Community & Voluntsry Support Conwy for the purw)ses of wmpany law) are reSnSIble for preparing the Rep of the Trustees and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Ac£ounting Practice). Company law requires the tru5tces lo prepare financial statements for each fmancial year. Under that law, the trustees have elected to prepare the financial statements in cOrdanCe with Uni*d Kingdom Genernlly Aepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial staternts unless they are satisfied that they give a Irue and fair view of the stsle of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditu, of the charitable company for that period, In preparing thos¢ fmancial statements, the Intee5 are required to select suitable ac¢ounting p)licies and then apply them consistendy. observe the methods and principles in the Charities SORP. make judgements and estimates that are re&sonable and PTudenL prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable ¢ompany will continue in b]neSS. The trust are restx)nsible for keeping proper accounting records which disclose with Tea50nable ¢urd¢Y at any tim¢ the financial position of the charitable company and to enable them to ensure that the fman¢iaI statements ¢omply with the Companies Act 2006. They are also reSnsIble for safeguarding the assets of the charitable company and hence for taking rrdsonable steps for the prevention and detection of fraud and other iegUlarItieS. In so far as the trustees are aware: there is no levant audit infonnation of which the charitable company's auditors are utWare. and the trSteeS have taken all steps that they ought to have laken to make themselves awatr of any relevant audit infornution and to establisb that the auditors are aware of that inforniation. Page 6
REPORT OF THE INDEPENDENf AU)ITORS TO THE MEMBERS OF COMMUNITY & VOLUNfARY SUPPORT CONWY Opinion We have audited the financial statements of Community & Voluntary Support cOnY (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial ALtivities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of significant COUntIng policies. The fmancial rep)rting framework that h&s been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Prnctice). In our opinion the financial statements.. give a tme and fair view of the state of the chwitable company's affai as at 31 March 2025 and of its incoming resources and application of resouwe4 including its income and expenditu, for the yearthen ended. have been properly prepared in accordance wtth United Kingdom Generally Accepted ALKounting Pradice. and have been prepared in accordance with the requirements of the Companies Act 2006. Bgsis for opinion We conducted our audtt in accordance with Inlemationai Sthndards on Auditing (UK) (ISAS (UK)) and applicable law. OUT responsibilities under those standards are further described in the Auditors, reswnsibilities for the audtt of the financtal statements section of our report. We are independent of the Chitable company in accordance with the ethical U1ments that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standa d 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. ConcIuslons relatlng to going coneern In auditing the financial statement4 we have concluded that the tte¢s, use of the going concem basis of acCOtIng in the preparation of the fmancial statements is appropriate. Based on the work we have perfornied, w¢ have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable o)mpany's ability to wntinue 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 trnstees with respect to going concern are described in the relevant sectlons ofthis pOrt. Other inforniation The tnCeS are responsible for the other inforn)ation. The other infonnation comprises the infomation included in the Annual R¢porL other than the fmancial ststernents and our Report of the Independent AuditOT5 thereon. Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated in our report. we do not expre&s any fom) of assurance conclusion thereon. tn conne(*ion with our audit of the f]nancial Stskments our responsibility És to read the other inforniation an in doing so, consider whether the other inforn]ation is materialty inconsistent with the financial statements or our knowledge obtsined in the audit or othenvise appeatS to be materially misstated. If we identify such material incon5i5tEncie5 or apparent material misslatements, we are qUIred to deterniine whether ihis gives rise to a material misstatemenl in the financial stalements themselves. I£ based on the work we have perfornied, we conclude that there is a material misstatement of this other infomtiOll, we are required to report that fact. We have nothing to rewrt in this regard. OpinTrons on other matters prescribed by the Companies Act 2(M)6 In our opinion. based on the work undertaken in the course ofthe audit: the inforniation given in the Rery)rt of the Tnlstees for the financial year for which the financial statements ate prepared is consistent with the financial statement4 and the Rert of the Trustees has been prepared in OrdanCe with applicable legal requirements. Pase 7
REPORT OF THE INDEPENDEwf AUDITORS TO THE MEMBERS OF COMMUNITY & VOLuNfARY SUPPORT CONWY Matters on whicb we are required to report by exeeption ]n the light of the knowledge and understanding of the Charitable company and its environment obtsined in the course of the audiL we have not identified material misslatements in the Report of the TNstees. We have nothing to report in respect of the following matters wheR the Conwanie5 Act 2006 requires us to rert to you if, in our opinion.. adequate accounting record5 have not been kept or returns adequate for our audit bave not been received fmm branches not visited by us. or the fanCIal Statements are not in agreement with the accounting records and retUrn5' or certain disclosures of tThteeS, remunerdtion specified by law not made. or we have not received all the infomiation and explanations we require for our audiL' OT the trustees were not entitled to take advantsge of the small rompanie5 exemption froTn the requ1ment to prepare a Strategic Report or in preparing the Rert of the TnLStees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the tharitable company for the purw)ses of company law) are responsible for ihe prepardtion of the financial statemfflts and for being satisfied that they give a true and fair view. and for such internal control as the trustees deterniine 15 neres5ary to enable the preparation of financial ststements that are free fium material misstatemen¢ whether due to fraud or ern)r. In preparing the financial statements, the trustees are responsible for asswing the charitsble company's ability to ontinue as a going Conc¢ disclosingy as applicabl¢, matt¢rs related to going concern and using th¢ going concern basis of accounting unless the trustees either intend to liquidate the clwitable company or to cease operations, OT have no realisti¢ alternative but to do so. Our responsibilities for the audit of the fmaDciAI statements Our objectives are to obtsin reasonable &ssurance aul whether the financial statements as a whole are free from material misslatement, whether due to fraud or error, and to issue a Report of the Independent Auditors tIt 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 misslatement when it exists. Misstatements can arise frorn fraud or error and are considered material if, indtvidually or in the aggregate, they could reasonably be expected to influen¢e the economic decisions of users taken on the basis of these financial statements. The extent to which our proCedUS ate capable of detecting I]Tegul1tIcs, including fraud is detailed below: We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates and conSided the risk of acts by the company that contrary to applicable laws and gUlationS including fid. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from etror. as fraud may involve deliberate concea]ment by. for example. forgery or intentional MISreprtsenIOns. or through collusion. We focussed on aT]d regulations whirh could gi rise to a material misststement in the financial statement includin& but not limited to, the Companies Ath 2006 and UK tax legislatio Our tests included agreeing the fmancial statement disclosures to underlying supporting documentation, enquiries with management and enquiri¢s of legal unsel. There are inherent limitatioT]s in the audit predureS described above and, the further removed non-compliance with laws and regulations is from the events and transactions flected in the financial statements. the less likely we would become aware of it. We did not identify any key audit matters relating to irreEularitie4 including fraud. As in all our audits, we also addressed the risk of management overyid¢ of inlemal control& including testing journals and evaluating whether there was evidence of bias by the directors that repTesented a risk ofmaterial misstatement due to fraud. A fiwther description of our responsibilities for the audit of the financial statements is lo¢atsd on th¢ Financial Reporting Council's website at www.frc.org.uk/auditorsresJx)nsibilities. This description forn)s pth of our Rewrt of the tndependent Auditors. Page 8
REPORT OF THE IIYDEPENDENf AUDITORS TO THE MEMBERS OF COMMUNITY & VOLUNfARY SUPPORT CONWY Use of our report This report is made SA)lely to the clwitable company's Membe a8 a body, in accordance with Chap*r 3 of Part 16 of the Companies Act 2006. Our audit WO bas been undertaken so ihat we might stste to the charitable CoMpanS members t$¢ matters we are required to state to them in aTJ auditOTS' report and for no other purpose. To the fullest extent peTmitted by law, we do not acc¢pt or assume responsibility to anyone other than the charitsble company and the tharilable company's members as a body, for our audit work, for this retKrt or for the opinions we have fonned. Martin Steven Barrett ( tatutory Auditor) for and on behalf of Williams Denton Cyf Chartered Certified Accountants Statutory Auditors Glaslyn Ffordd y PaTC Par¢ Menai Bangor Gwynedd LL57 4FE Page 9
COMMUNITY & VOLiiNTARY SUPPORT CONWY STATEMENT OF FINANCL4L ACmqTIES ONCORPOIL4TING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Totsl funds 2024 Totsl funds UnrestrA¢ted funds Restrlcted Endowment fLmd Notes INCOME AND ENiK)WMEWfS FROM Charitable activfttles Grant tncome 299J35 2,691,976 2,991,511 3,526,207 Other trading activities tnvestment income 4ffj09 16979 23,316 19,792 16,979 Total 321,123 2ffi91976 3,013,1199 3,569,315 EXPENDITURE OIY Charitsble a¢dtIeS Charitable Expenditure 25S684 2,994,442 3350,126 3,525,946 Other 141021 141J21 35,976 Totsl 397J05 2994342 3J91,947 3,561,922 NET INCOMEI(EXPENDrruRE) Transfers behyeen funds Other rttogni5ed glin(1055es} Actuarial gains on defmed benefit schemes {76J82) (372) (302,466) 372 (37W) 7J93 15 44101)0 443,000 287,1)00 Net movement in funds 366246 (3021194) 64,152 294,393 RECONCllJATION OF FUNDS Totsl funds bught forward 1,084,696 2,146J82 3331,678 2.937285 TOTAL FUNDS CARRIED FORWARD IASO,942 1044,888 3295,830 3231,678 The notes forn) part of these financial statements Page 10
COMMUNITY & VOLuiYfARY SUPPORT CONWY BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestrlcted Restricted fimds funds Endowment fimd CURRENf ASSETS Debtors Cash at bank and in hand 12 1060 428212 263,002 1,862,178 264,862 U90J90 77,536 2,582,434 430J172 2,12SI80 2J55252 2,659.970 CREDITORS Amounts falling due within on¢ year 13 (Q131) (280291) (286J22) (67,292) I¥ET CURRENf ASSETS 423,941 IW089 2268830 1591678 TOTAL ASSETS LESS CURRKNT LIABILTfiES 4LI,941 1044089 2368030 2,592,678 PENSION ASSET 16 1,027JlOO JO27JK)O 639,OlX> NET ASSE15 IA5Q941 1O4U89 3295330 3231,678 FUNDS Unrestiicted funds Restricted funds 15 IA50,941 1¥4 1,084,696 2,146.982 TOTAL FUNDS 3295030 3,231,678 These fmancial statements have been Prepad in accordance with the provisions applicable to charitable companies subjed to the small companies regime. The financial statements We appmved by the Board of Trustees and authorised for issue 2.k...:..o.k.:..do%lo.. and were signed on its behalf by: on ..J0((L. Ms J Tatm (Chairj- Trustee The notss forni part of these financial statements Pagell
COMMUNITY & VOLUNTARY SUPPORT CONWY CASH FLOW STATEME FOR THE YEAR EIYDED 31 MARCH 2025 2025 2024 Notes Ct4sh flows from operating activities Cash g¢nerdted from operdtions (516,124) (532,108) Net cash used in operattng activities (516,124) {532,108) Cash flows from inv¢stlng a¢llvilles Interest received 16979 19,792 Net ¢ash provided by investing activities 16,979 19,792 Change in cash and cash equivalents in the reporting period Cash and cash equivalents At the beginning of the reporting period (499,145) (512.316) 2J82,434 3,094,750 Cash and ta5h equivalents at the end of the reportlng period 2,083289 2,582,434 The notes forni part of these financial statements Page 12
COMMUNITY & VOLuNfARY SUPPORT CONWY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ETr4DED 31 MARCH 2025 RECONCILIATION OF NET (EXPENDrruREyINCOME TO NET CASH FLOW FROM OPERATING ACTivrrtES 2025 2024 Net (expenditureyincome for the reporting period (gs per the Statement of Fin&ncial Activities) Adjustments for: Interest received {Increase)IdecTease in debtors Increasel(de¢rease) in creditors Difference between pension charge and cAsh contributions (378848) 7393 (16,979) (187J26) 12,029 55,000 (19,792) 22,534 (647,243) 105,000 Net Ch ed fin operatlons (516,124) (532.108) ANALYSIS OF CASH AND CASH EQUIVALENrs 2025 2024 Cash in hand Notice deposits (less than 3 months) Overdrnfis included in bank loans and overth3fts falling due wilhin one year 2289,986 (207,101) 2,582,030 Totsl cash and cash equivalents 2,083289 2,582,434 ANALYSIS OF CHANGES IN NET VUNIXS At 1.4.24 C&8h flow At31.325 Net cash Cash at bank and in hand Bank overdrafis 2J82,434 (2921144) {207.1111) 2290J90 (207,101) 2,582,434 (499,145) 2.083289 Total 2J82,434 (499,145) 2,083289 The notss forni part of ihese fitwicial statements Page 13
commu & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the Charitable compary, which is a public benefit entity under FRS 102. have been prepwed in accordance with the Chwities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prqmring their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 Tr Financial Reporting Standard applicable in the UK and Republic of ]land. and the Companies Art 2006. The finanGial stateTn¢nts hav¢ been Prepared under the historical cost convention. Income All income is recognised in the Statemenl of Fin&icial Activities once the charity has entitlement to the fund4 it is probable that the income will be received and the amount can be me&wred reliably. Expenditsre Liabilities are rQgniSed 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. Expendilure is accounted for on an accruals basis and has been classified under headings thal aggregate a]1 cost zrlated to the category. Where costs ¢am)ot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of Grants offernl subject to conditions which have n(rt been met al the year end date are noted as a commitment but not aCcrn as expenditure. Allocation and apportionment of costs Certain expenditure is directly atiributable to spetsufic activities and has been included in those wst c*egories. ce1 other costs. which are attributable lo more than one tivity, are apportioned across cost catsgories on the basis of an estimate of the prop)rtion of time spent l)y staff on those a¢tiviti¢s or estimated usage. Taxation The charity is exempt from COryK)ration tax on its charitable activities. Fund aeeounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the lrnstees. R¢stricted fimds can only be used for particular rvtitricted prySeS within the objects of the charity. Restrictions Ise when specifjed by the donor or when funds ar¢ raised for particular StrICt purposes. Pension costs and other post-TetiTemenl benefits The Chlty operates a funded defined benefits scheme pvIding benefit5 based on final remuneration. The ets of the scheme are held separntely from tIM)se of the charity. Going eoneern The financial statements have been prq)ared on a going concern basis. The trnstees are satlsfied that the clmrity ha8 the necessary funds to meet day to day working capital rllITeMents. The flnancial posttion of the Chlty is reviewed regularly at truslees meetings. The tnLStees consider it appropriate to prepare the charlty's ftnancial statements on a going concern basi& Page 14 continued...
COMMUNITY & VOLUNfARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVTfIES 2025 2024 Social lotteries Miscellaneous Income Desk Spacel Project Management 2,064 1047 1,903 2573 18,840 23,316 INVESTMENT INCOME 2025 2024 Deposit account int¢st 16.979 19,792 INCOME FROM CHARrfABLE AcfivrriES 2025 2024 Activity Cash 4 Youth Gwynt Y Mor Communty Car Scheme Rhyl Flats Offshore Wind Fam Communty Fund CORE Engagement Comic Relief Community Car HSCF Grdnts Admin Helping Families North Hoyle Clocaenog Grants Amdani Youth Lejj Grnnts Voluntsry Sgctor Capacity Building Fund I,(M14ffj13 965,697 149J81 299536 118,710 324,834 48159 41J39 17&449 65J73 40.660 191854 113AOO 931075 44131 6ffj50 172,578 872.018 51213 5,726 889,122 2,991Jll 3,526207 Page 15 ntinu¢d...
Com[U1¥1Ty & VOLUNTARY SiiPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 CIIARrrABLE Ac[tVlEs COSTS Grant fimding of Supp)rt activities costs (see nole 7} (see )le 8) Dire Totals General Amdani Community Car Scheme Cl(Kaenog Grants Community Hub Grdnts Athnin Gwynt Y Mor HSCF HSF Staff Scheme Rhyl Flats Grant Fund Voluntary Sector Capacty Building Fund Youth Led Grdnts North Hoyle Wind Farn) Conllnunity Fund 21.176 38,047 loo 232.084 5.885 69 395.181 43.932 15,425 778,496 63,042 188,867 1,091,880 40,660 2.113 98.930 834.866 6,176 1,028,941 45,156 171261 1437 212 I J20,842 41.712 1327 145,598 54255 S,)0 20,090 107,445 160 7,331 424957 2J74026 250J45 335Q126 GRANTS PAYABLE 2025 2024 Charitable Expenditure 2,574026 2,721226 Page 16 continued...
COMMUNITY & VOLUNfARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 MARCH 2025 GRAIY]S PAYABLE - continued The total grants paid to institLrtions during the year was as follows: 2025 2024 Cor Alaw Action Arts Group Llandudno Junction Comm Club Llandudno Junction War Memorial Institute St John's Ambulance Cymdeithas Cymuned ac leu Bro Aled Llanduth)o Fc in the Commwiity Eirias Park Indr Bowls TV Conwy 20JIOO 1,000 24074 io,ooi 191b78 13,404 2,000 13.651 1,850 1.605 12,000 Conwy Connect Llandudno Victoria Exttavaganza Clwb Yr Efail CIN Rygbi Nant Conwy Abergele Community Action Benefit Advice Shop Preslatyn/Mel CAG Penmaenmawr Phoenix FC Colwyn Bay SurfLifesaving Club Rhyl & District RFC Nat Coastwatch Assn Prestatyn Carnival Associalion T¢novus Cancer Care East Parnde Bowling Club- Rhyl Kind Bay Initiative Ruthin F(K)tball Club Hope House Age Connects NW Central Lamb's Garden Enterprise Ltd Conwy Mind Dangerpoint Eglwys y Capel Mawr Making Sense CIO IA95 24,765 19275 16022 33,634 12000 75,765 27,390 8,090 1ffj27 41,981 11502 11,717 5,328 6,000 17,219 57,840 7,900 43240 24,840 5,590 45,800 Tros Gynnal Plant 1555 Youth Shedz 45,(0 Canolfan Dewi Sant 12,306 Haven of Light 1,999 Aberconwy care&shar¢ 10,380 Page 17 ontinued...
COMMUNfTY & VOLtJNTARY SUPPORT CONWY IYOTES TO THE FINANCIAL STATEMENTS- eondnued FOR THE YEAR ENDED 31 MARCH 2025 GRANfs PAYABLE . continued Ab¢rconwy IX)m¢sti¢ Abus¢ Service 8.283 Abergele Mens Shed 2,101 Creating Enterprise (16,000) 25,000 DASU Eglwys y Capel Mawr 15J69 Ffynnongroyw Community Centre I,0 LI and District Riding Club 9,107 Menter iaith Conwy Cyf 18,333 17,146 PLAF Royal Cambrian Academy of Art 5,700 St Asaph City Time5 1200 St Johns Ambulance CYMTU 10,000 6,760 THE FDF The Joshua Tree 20279 35,579 Trelawnyd Friendship Club 2,000 Junction Ukes 2,000 56,550 TAPE Community Music & Film Vale of Clwyd Mllid Association 24.920 75.tKIO Cor Cymysg Dyffryn Conwy 1,872 Conwy Day Centre for the Elderly 20,647 Clwb yr Heulwen Page 18 continued...
COMMUNITY & VOLUWFARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 CRANfs PAYABLE - Contlnued 575 Bro Celynnin 2SOI)O Snowdonia Goat Company CCBC Ysgol Dyffiyn Conwy North Wales Wildlife Trust Welsh National Sheepdog Trials Ruthin Town Council Llandtillo Bowling Club Clwb Fferniwyr leuanc Ysbyty Ifan Grwp Adfer Ruthin Ruthin Bowling Club Efenechtyd Community Council Capel Bethel MC Melin Y Coed Cymdeithas L¢nyddol Jerusalem Tremeirchion Bach Choir Llanfivrog Community Association CIO Ruthin & Pwllgjas Golf Club Cynwyd Association Bowling Club The Conwy ATts Trust Llangollen Museum Dangerpoint Mynydd Sleddog AdVentuS Ltd Animal Enwunters Wal¢s Mr AW Rees & Mrs ML Rees T Evans & G Davies Slop CIHyd GYG Karting Eirian Mair willinS Mrl L Ifans Miss M] Dafydd Jones Flavour Momenls Ltd Resou¢ Denbighshire Centre of Sign-sight-sound LnbS Ganlen Enteryrise Cyngor Cymdeithas Llandderfel Pen Y Bryn Farni Peldroed ClawyddneNvydd Trem Y Foel Community & Social Committee Llansannan Bowling Club Clwydian Range Arthaeology TrefilI Bowling Club (1,547) 21,033 31,696 (1,600) 5,000 1.900 9,089 7.100 7,800 45.IKIO 10,000 6,783 500 40290 10,000 25.000 3,IKIO 7,482 10.609 8,785 5,846 4363 39200 5,653 70.0 9.737 61.142 8,856 19,404 27,568 10,500 8,315 7.966 68,947 52,746 3.731 2.145 3.IKIO 10,000 86.465 4,000 510 300 CODWY CAB Gwyl Rhuthun Cyfyngedig Llanfihangel GM Womens ]nstitute 1st Llandudno Guides Aberg¢l¢ Bowling Club 8,891 6240 750 Age Dementia Friendly Holywell Ardal Gweinidogaeth Bro Celynnin Mini5ty Area Page 19 continued...
COMMUP41TY & VOLUNTARY SiiPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- Conlillued FOR THE YEAR ENDED 31 MARCH 2025 GRANTS PAYABLE- continu Bay of Colwyn Sailing Club Benefit Advi¢e Shop Blossom & BILX)m Brighter Futures 20279 55,842 26,000 58578 Brenig Sailing Club Capel Peniel CCBC re Abergele Bipolar SupFK)rt GuP Chardon Trust 1,950 12,000 156 1ffj33 5,IM)O Clwyd ABC Coast Community Radio and Media CIC Colwyn Bay Athletics Club Conwy Chamber of Trade 33,674 4284 3,750 25,IM)O 5.000 3.590 4,700 719 Conwy Connect for Learning Disabilities Conwy Deaf Translation & SUp)rt Services Conwy Monkeys Climbing Club Conwy Yatch Club Colwyn Bowls Festival Cymdeithas Hen Dractorau Dyffryn Clwyd Dragon Riders Rhyl 400 13.154 1,834 12,500 35,632 11290 16,667 22,000 7,150 69,950 23,900 43,511 23,504 60.000 1,000 25.000 5,423 1,000 Elwy Sheltered Housing Association Engineering Education Scheme Wales Limited Er)Ti-Bywiol Snowdonia-Active Flintshire City of Sanctuary Fesltval Church Towyn Foodshare North Wales CIC Friends of Bodnant PTA Gwryth Castle Preservation TTUSt Homeslart Conwy Home-start C)Thru for Familie5 Llandudno Welsh Rugby Union Football Club Llansanan Village Llanthos Old School Management Meliden Football Club Menter Iaith Fflint a Wrecsam Mostyn Community Centre NE Wales Heritage Forum 7,175 13,006 1,000 24,726 19,184 {9.974) New Life Revival Church (Wales) Ltd North Wales Crnsaders Foundation Old Colwyn Bowling Club Post Office- grant refund Grove Pwk Prestatyn & District Council of Churches 3800 Prestatyn Cricket Club 11,150 Page 20 continued...
COMMUNrrY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 GRANTS PAYABLE- tontlnu Plystatyn in Bloom Rhyl Bowling Club Rhyl Raptors Wheelchair B&sketball Club RWF Collection Seren SuperstW3 St Asaph F(xytball Club St John's Methodist Church Society St Josephs School PTA St Pauls Church Sure Hope Church Talacre Conununity Centre Trust The Aloud Charity The Joshua Tree Trefjw TOM Council The RVS Rhyl Cosy Club Together for Colwyn Bay Tlogan Playgroup Towyn & Kinmel Bay Wintergreen UK WO in PTogress Ysgol Cynfran PTFA Engineertng Education Scheme Wales Limited Esports Wales CIC 5.533 13,080 1,000 4,000 1,000 18JOO 14,006 750 16,000 25,000 26,379 1,000 42,859 450 5,450 20,420 16.458 71JO 12,993 5.953 51.677 8395 865 9000 10,700 9,960 {3,133} 7,884 1,493 1,500 6,941 SP Lamps Ltd (Mochdre Sports Association ) She Shed Abergele 1st Gwydyr Scouts Dance Collective CIC Bangor & Holyhead (Engl&sh} Methodist c]1t Conwy Disabled Archery 1,642 Cwmni Addysg Rhyw. Sex Education Company 29521 Cymdeithas Amaethyddol Dyfyrn Conwy 26.563 Cyngor Cym Dolwyddelan Com Council 9,980 Cyngor Cymdeith&l Betws y Coed 6JOO Dwygyfylchi Bowling Club 4,728 Girlguiding Llandeg Bay Division 1,550 Glan Conwy Scout & Guide HQ 20,929 Page 21 ntinued...
COMMUNITY & VOLUNTARY SiiPPORT COIWIY NOTES TO THE FINANCIAL STATEMENfs - eontinued FOR THE YEAR ENDED31 MARCH 2025 GRANTS PAYABLE- ¢ontinued Guide & Scout Hall Fund 1,685 Llanfairfe¢han Community Hall 1,402 7J>28 49.688 11,620 Llanfairfechan Croquet Club Llanfairfechan SurfLife Saving Club 11,164 Penmaemnawr Phoenix Pwyllgor Ardal Aberconwy Sefydliad y Merched Ysbyty Ifan 1,985 1,170 Sioe Bryn y Maen Show 1,999 6,000 1999 The Hummingbird Project North Wales Iy'n y Groes Chapel Sound Radio Old Colwyn Scouts Group Conwy District Scout Council 34ffj89 4902 15000 45000 40000 38J28 3&833 29020 35,000 3J33 21,140 3J34 S934 37JlS 35000 5,000 40J)11 27A52 44933 Rape & Sexual Abuse Support Centre Bay of Colwyn Town Council Mochdre Sports A&80¢iation Abergele To1 Council River & Sea Sense Pellennig Cyf Tenovus Cancer Care Haven of Light Abergele Community Action Amy & Friends Urdd Gobaith Rydal Penrhos Aber-morfa Mission Aa Menter Iaith Conwy Eglwys y Capel Mawr Dinbych North Wales Community Law Makiing Scn5e 35,983 35546 3933 9,401 57,1167 1025 912 40,000 13,(M)2 South Denbighshire Corwen Town Council Denbigh Carnival Neuadd y Plwyf Llannefydd Denbigh Town FC Clwb y BersTryn Corwen Pan)chial Church Council Coleg Cambria Page 22 onlinued...
COMMu1[y & VOLUNfARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENIS- continued FOR THE YEAR ENDED 31 MARCH 2025 GRANI3 PAYABLE - eontRnued Cyngor Cymuned Llangernyw Ysgol Dyftyi Conwy The Joshua Tree Cylch Meithrin Rhutun Llandyrnog Village Hall Cor Meibion Llangwm Cyfeillion Ysgol Betws Gwerful Goch Denbighshire Music Cooperntive Citizen Advtce Denbighshire Ruthin & Pwllgl&s Golf Club St Grwst Parochial Church Cymdeithas Canolfan Ial Association Canolfan Nant yr Odyn Vale Golf Centtr Maes Ba]0 Enaid Eryi Snowdonia Shepherds H Becws Islyn Rhuthun Vale Vineyard Eastwood Media Limited A & B Williams Cummings Electrical Dangerpoint Ltd Safe Hands Pentredwr & District Community Association Cwrw Nant Cyf Neuadd Elaenor Village Hall Corwen Cricket Club Merched y Wawr Uwthaled Crwst Camerd Club Ruthin Cricket Club Neuadd Garth Garn]on Bodelwyddan Co3e Angling Club Antur Cac Cymro Village Shop Clwb Peldroed Claw Yr Odyn Community Council of Cyfylliog Ysgol Bro Elwern Gymdeithas Rhieni ac Athrawon Bro Cernyw Llanfihangel GM Women's Institute Gnvp Cynefm Jay Regins Music Academy Clwb Cenigythudion Youth Shedz Denbigh Youth Project Rhyl Sub-Aqua Club Conwy Pirates 1ffj46 10ffj86 51274 &152 9,013 2,IH)O 9988 15,0(M) 100 15JM 65AOI 5,133 6,786 5,485 6A18 18,136 27086 12,032 26530 6J64 34,155 150(M) 10,0 9,702 11380 3200 250(KI 10000 9J32 102.078 48,126 1000 35,114 510 IS174 9396 9082 iO,IM io,(MJo Iso 9000 1000 13,000 25OIKJ (6293) St Asaph Cricket Club St Josephs School Highbury Bowling CPD Gronant North Wales Superkid Page 23 continued...
COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL sfATEMENfs- continued FOR THE YEAR EIWED 31 MARCH 2025 GRAs PAY ABLE- continued T4CB Deganwy Friendship Club Ysgol Esgob Morgan AbetEele & Distiict Flower Club Stand North Wales Samwitans Caendon Ysgol y P y Bryn Hope House Colwyn Bay Community HUB Mochdre Cricket Club RSPCA yjb 2000 iljoo 2&0110 101111 595 75,0 1000 1916 172(M) 12,0(Ml 48271 10,785 24,645 25,IM)O Ct Icompass St Davids Hospice Liais Preststyn Fri¢nds of Ca¢ Derw Palk Stepping Stones Craig y Don Bowling Club Conwy Mind Llandudno Junction Village Warmemorial Royal Cambrian Academy of Art Underground Artist Movement MOVE 940 25,1)00 IS476 IV13 21ffj67 24900 IJM)O 1&760 22J68 Conwy Bowling Club Eryi Bywiol Coast Community Radio and Media CIC North Wales Women's Centre Llanddulas Youth & Community Centre Rhyl FC Conwy Freewheelers Clwyd ABC Aberconwy Caff and Share Fopget Me Not Chorus Dance Collective New Life Revival Colwyn Gateway Club 23,038 25WO 25,125 11515 liJ45 3,125 19515 10,455 J9ffj50 257U26 2,721226 Page 24 ntinued...
COMMUN & VOLiWTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Governance costs Management Finance Other Totals Other resources expended Charitable Expenditure 130,986 2412 97 4067 5071 1ffj29 141021 250J45 379J98 201 4,867 7JllO 391166 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chaTgingl{rrediting): 2025 2024 Auditors, remunerntion 7J31 5,580 TRUSTEES, REm[ERATIoN AND BENEFrrs There were no trustees. remuneration or other benefts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustee5' expeD5es There We no trustees, expenses paid for th¢ year ended 31 March 2025 nor for the year ended 31 M&ch 2024. io. STAFF cosrs 2025 2024 Wages and salaTies Other pension costs 583A14 55,0(10 618,528 105,(KK 638A14 723,528 The average monthly number of employees during the year was as follows: 2025 17 2024 22 No employees received emolurnents in excess of £60,000. Page 25 ntinued...
COMMUNITY & VoLARy SiiPPORT CONWY NOTES TO THE FINANCIAL sfATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 ii. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES Unrestiict Restricted funds funds Endonent fund Total funds 11¥4COME AND ENDOWMENfS FROM CharltAble aedvltlos Grant Income 324,833 3201,374 3.526207 Other trading activities Investment income 23,143 19,790 173 23,316 19,792 Totsl 367,766 3,201,549 3,569315 EXPENDITURE ON Charitsble activities Charitable Expenditure 350,072 3,175,874 3,525,946 Other 35,976 35,976 Total 386,048 3,175,874 3,561,922 IYET tNCOMEI{EXPENDITURE) Other recognised gainsloosses) Actuarial gains on defmed benefit schemes (18282) 25,675 7.393 287,000 287.OtKI Net movement in funds 268,718 25,675 294.393 RECO]YCILIATION OF FUNDS Total funds brought forward 815.978 1121,307 2,937,285 TOTAL FUNDS CARRIED FORWARD 1,084,696 2.146.982 3.231.678 12. DEwfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments 264,862 75,703 1,833 264J62 77.536 Page 26 continued...
COMMUNrrY & VOLiwfARY SUPPORT CONWY IYOTLS TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2025 13. CREDrfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts {see note 14) Other cdItors Acctued expenses 207,101 73,190 6,131 41J48 25,944 28Q422 67.292 LOATr4S An analysis of the maturity of loans is given below: 202S 2024 Amounts falling due within one year on demand.. Bank overdrafts 207,101 Is. MOVEMEiYf IN FUNDS Net movement in funds Transfers betw¢en funds At 31.325 At 1.424 UDf£5tricted funds General fund HSF STAFF SCHEME lJI84,696 367,183 (566) {938} 1,450,941 1,084ffj96 366,617 (372) IAN941 Restrieted funds HSCF cvsc stsrt Up Grants Gmynt Y Mor Rhyl Flats Offshore Windfarni Community Fund Clocaenog Grants Youth Led Grnnts Covid Hub (372) 372 405 1285078 405 969,436 (316A42) 12&818 677,626 3,784 (97,066) 1,490 3,634 132.602 580560 1,490 3ffi34 Grdnts Admin Voluntary Sector Capacity Building Fund North Hoyle Wind Farni Community Fund 4751 3.547 93JlO 4.751 57102 93JiO 54255 2,146,982 (302A65) 372 104U89 TOTAL FUNDS 3231,678 64,152 3295J30 Page 27 continued...
COMMUNITY & VOLUNfARY SiiPPORT COIWY NOTES TO THE FINANCIAL sfATEMENfs- eontinued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMENf IN FUNDS- continued Net movement in funds, included in the alx)ve are as follows: tncomtng re%)urces ResA)urces expended Gains and losses Movement in funds Unrestricted funds General fund HSF STAFF SCHEME 319J63 1,761 (395,180) (2J27) 441000 367,183 {566) 321,124 (397507) 443000 366.617 Restricted fund8 HSCF Gwynt Y Mor Rhyl Flats Offshore Windfann Communty Fund Cl(Kaenog Grants Youth Led Grnnts Covid Hub 41J40 1,004,612 (41,712) (lJ21,054) (372) (316A42) 149J82 931075 6,650 48059 44031 17&448 171578 111400 {1498) (1,02&941) (5,160) (45225) (43.932) (173ffi97) (169031) (20,090) 3,784 (97,006) 1,490 Grants Admin Voluntsry Sector Capacty Building Fund North Hoyle Wind Farn) Community Fund 4,7SI 3547 93JlO 2h91J75 (2JX440) (302465) TOTAL FUNDS 3,013,099 (3J91947) 443,000 64,152 Comp*rntives for movement In tsnd$ Net movement in funds At 31.3.24 At1.423 Unrestrieted funds General fund 815,978 268,718 1,084,696 Restricted funds cvsc stsrt Up Grants Gwynt Y Mor Rhyl Flats Offshore Windfarni Community Fund Community Car Scheme Clocaenog Grants Youth Led Grants Volwitary Sector Capacty Building Fund 405 1,412.060 405 1285.878 (126.182) 109,037 15252 584.103 450 19,781 (15,252) 93.523 (450) 54255 128.818 677.626 54255 2,121,307 25,675 2,146,982 TOTAL FUNDS 2,937,285 294,393 3,231,678 Page 28 continued...
COMMUNITY & VOLuNfARY SUPPORT CONWY NOTES TO THE FINANCIAL ATEMENrS - Continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS. eonthiued Comparative net movement in fund5, included in the above are as follows: tncoming sources ResOu¢S expended Gains and losses Movement in funds Unrn%trieted funds Genernl fund HSF STAFF SCHEME 365,654 1113 (383,936 } {2,113) 287,(K)O 268,718 367,767 (386,049) 287.000 268,718 ReStrirt funds HSCF Gwynt Y Mor Rhyl Flats Offshore Windfarni Community Fund Community Car Scheme Clocaenog Grants Youth Led Grants Covid Hub AMDANI Grants Admin Voluntary Sector Capacity Building Fund (40.660) (1,091,880) 965,698 (126,182) 118,710 173 872,019 5,726 65,373 51,213 192,854 889,122 (98,929) (15.425) (778,496) {6.176) (65J73) (51213) (192,854) (834,867) 19,781 (15252) 93.523 (450) 54255 3201,548 (3,175,873 } 25.675 TOTAL FUNDS 3,569,315 {3,561,922) 287.000 294393 Page 29 continue(L..
COMMUNITY & VOLiNtARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMErTS- continued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMENf IN FUNDS- continued A cunEnt year 12 months and loryear 12 months combined position is &8 follows: Net movement in funds Transfers between funds At 31.3.25 At 1.423 Unrestricted ndS General fund HSF STAFF SCHEME 815,978 635,901 (566) (938) 566 1.450.941 815,978 635,335 (372) 1,450,941 Restrli*ed fimds HSCF CVSC Stsrt Up Grants wynt Y Mor Rhyl Flats Offshore Windfann Communty Fund Community Car Scheme Clocaenog Grants Youth Led Grants Covid Hub {372) 372 405 1,412,060 405 969,436 (442,624) 109,037 15,252 584,103 450 23,565 (15,252) (3,543) 132.602 580,560 1,490 3,634 899 4,751 57.802 93JlO 3,634 899 4,751 57.802 93JlO Grdnts Admin Voluntary Sector caplty Building Fund North Hoyle Wind Farni Community Fund 2.121 J07 (276,790) 372 1,844.889 TOTAL FUNDS 2,937285 358,545 3,295,830 Page 30 eontlnued...
COMMU & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEARENDED31 MARCH 2025 15. MOVEME IN FUNDS. conthiued A Cent year 12 months and prior year 12 months Combin net movement in fund& included in the above 8re as follows: Incoming resources ReSoUeS expended Gains and losses Movement in funds Unrostri¢ted funds Genernl fund HSF STAFF SCHEME 685.017 3.874 (779.116) (4.440) 730,000 635.1 (566) 688.891 (783.556) 730.000 635.335 Restrirted fundq HSCF GThyni Y Mor Rhyl Flats Offshore Windfarni Communty Fund Community Car Scheme Clwa¢nog Grants Youth Led Grants Covid Hub AMDANI Grants Admin Voluntary Sector Capacity Building Fund North Hoyle Wind Farni Community Fund 82,IKIO 1.970.310 (81372) {2.412,934) (372) (442.624) 268.092 173 1,803,894 12.376 114232 (244.527) (15.425) (1,807,437) (11.336) (110.598) (95.145) {366.551) {1,003,898) (20,090) 23.565 (J5252} (3.543) 3,634 899 4.751 57.802 93.310 371,302 1,061,700 113,400 5,893,523 (6.170,313) (276,790) TOTAL FUNDS 6,582,414 (6,953,869) 730,000 358545 16. EMPiA)YEE BENEFIT OBLIGATIONS The charity operates a funded defin¢d benefits scheme Providing benefits based on final remuneration. The asset5 of the scherne held separately fiDrn those of the charity. The staff are members of the Gwynedd Pension Fund. Contributions are charged to the SOFA so as to spread the cost of pensions over the eTnployees' W0]ng lives with the charity. The pension charge (employee's employerfs con1nll11ons) in the year is £85.000 (2024: £105,000). Employer contrlbutions ar¢ agreed at the rdte of 20.8 % (2024 - 20.8 %), and active members pay on average at the rats of 6.50/0 of pensionable pay (2024_ 6.50/). The latest triem)ia] a¢tiwial valuation of the fund was CWTied out as at 31 March 2019. The annual infyim valuation has also been Caled out by a qualified independent athary as at 31 Mawh 2025. Ba515 for Estimatin Assets and Liabllitie5 Liabilities have been assessed on an actuarial basis using the projected unit method. an estimate of the pensions thai will be payable in future years dependent on assiimptions about mortality tate4 salary levels, etc. The principal assumptions used by the actuary were as follows: l. Financial Assumptions Page31 ontinued...
COMMUNITY & VOLUNtARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 31 MARCH 2025 16. EMPLOYEE BENEFIT OBLIGATIONS- Continued 31.0325 31.03.24 /oP. Pension Increase Rate Salary Increase Rate Discount Rate 2JO•/o 3JO•/o 5JO•/o 3.IKV/o 3.31P/o 4.8/0 3. Mortality Life expectancy is based on the Fund's Vitacurves with improvements based on the Cmt 2023 model, with a 150/0 weighting of 2023 dat& a weighting of 2021 (and 2020) dat4 standard smoothing initial adjustment of 0.25 % and a long terni rate of improvement of 1.50/0 p.a. for men and women. Based on these assumptions, the average life cxpcth¢ies at age 65 are summarised below:: Males Females Current Pensioners Pensionets 21.4 yea 21J ye4 23.9 years 25.3 yeajs 4. Commutation An commutation allowance is included for future retirements to elect lo lake 650/0 of the MlMuM additional tax-free up to HMRC limits. B*lan¢e Sheet Dlstlosures l. Fair Value of Employer Assets 31.0325 £(000) 31.0324 4000) Equities Bonds Propety Debi Cash Total 1920 872 163 1,608 831 274 152 37 2,902 The above asset value5 as at 31 Mah 2025 are at bid value as wuired by FRSI7. 2. Balance Sheet Year End 31.0325 £((KN)) 1988 (1,961) 1,027 31.0324 £(000) 1902 {2263) 639 Fair Value ofEmployer Assets Psent Value of Funded Liabilities Net (Un(kr) l Overfunding in Funded PIADS PTrsent Value of Unfundejj Liabilities Unrewgnised Past Service Cost Page 32 continued...
COMMUNITY & VOLUNTARY SUPPORT COIYWY NOTLS TO THE FINANCIAL STATEMEN]3- Continued FOR THE YEAR ENDED 31 MARCH 2025 16. EMPLOYEE BEIYEFIT OBLIGATIONS- colllinued Net Asset l (Ll#bility) in Balance Sheet 1,027 639 The actuary estimates that this liabilty comprises of approximately £1,070,000, £361,000 and £530,IX)O in resCt of employee members, defenrd pensioners and pensioners respectively as at 31 March 2025. The approximation involves in the roll forward model means that the split of liabilities between the three classes of member may not be reliable for certain types of employer. However. the actuary 15 satisfied that the approach used leads to re&80nable estimates for the aggryegate liability figure. Re¢onciliation of Defmed Benefrt Obligation 31.03.25 000) 31.0324 000) Opening Defined Benefit Obligation Cutrent Service Cost Interest Cost Contribution5 by Members Actuarial Losses l (Gains) Benefits Paid CA1% Defmed Benefit Obllgatton U63 85 108 25 (379) (141) 1,961 2,162 125 104 28 (43) (113) 2263 Reeonelllatlon of Fair Value of Employer Aets 31.0325 £(0) 31.0324 4000) Opening Fair Value of Employer Assets iTrterest inwme on plan assets Return on Assets ContributlOlJ5 by Members Contributions by Employer Benefits Paid Cl(Asing Fair Value of Employer Assets 2902 138 (li) 25 75 (141) 2988 2,619 124 169 28 75 (113) 2,902 Amounts for th¢ Current And Previous Accounting Periods 31.03aS 000) 31.03.24 000) Fair Value of Employer Assets Ptrsent Value of Defined Benefit Obligation Surylus / {Defi¢it) Experience Gains/ [Sses) on Assets Experience Gainsl (Losses) on Liabilities 2,988 (1.961) 1,027 2.902 (2,263) 639 283 ioi 302 Page 33 continued...
COMMUNITY & VOLiJNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2025 17. RELATED PARTY DISCLOSURES There were no related party transactions forthe year ended 31 March 2025. Page 34