REGISTERED COMPANY NUMBER: 07685740 (England and Wales) REGISTERED CHARITY NUMBER: 1159450 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 FOR TRANSITION BRO GWAUN LTD Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA612BP
TRANSITION BRO GWAUN LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Page Report of the Trustees 1 10 4 Indendont Examlnorfs R•port Statem•nt of Flnancial Actlvltles Statsmont of Finan¢lal Posltlon Notos to the Flnanelal Statements 9 to 15 D•talled Statement of Flnancial Actlvltlos 16
TRANSITION BRO GWAUN LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 The trustees are also directors of the charity for the purposes of th6 Companies Act 2006. present their report with the financial st8t8ments of the charity for the year ended 28 February 2025. Thg trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charitl8s preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effecUv8 1 January 2019). OBJECTIVES AND ACTIVITIES Obloctives and alms The objects of the charftable company 8r8 as follow6- The promotion of the conseryalion. protection and Improvement of the natural envircmment and pmdent use ol natural rosources for the benefit of th8 public in Flshguard, Goothck and 8nviron5 by advancing education and raislng awareness of climate change, resource scarcty. peak oil and economic resillenGe', promoting individu81. communlty and organisational commitsment to a r8duction in C02 emissions, energy saving. reducrng rellar& on carbon emitting sources, and increasing resilignce to r&wrce sc4rcity. Publlc beneflt The trustees have a duty to report on 'publi¢ benefit. by explaining the significant activities urKlertaken in order to cary oul the aims for the public benefit, and achievements measured against those aims. The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefft. The Charity promot8S SUStainabl8 development for the public benefit of the citizens of Fishguard, Go¢)dwick and environs by:" The preservation. consèrvation and protection of the 8nvironm8nt and the prLKlent use of natural resource5 The promotion of sustainable means of achieving economic development and regeneration in order io reduce reliance on $carc8 resources including oil Sustainable development of Flshguard, Goodwlck and énvirons mèans development that m88ts the needs of the present citizens of Flshguard, Goodwick and environs to meet their own needs. b) Volunlo•rs Once again we owe a d8bt of gratitude to the 50 volunteers vtho have contributed $0 much. Page 1
TRANsmoN BRO GWAUN LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 ACHIEVEMENTS AND PERFORMANCE Charltable actlvltles Projects: Communlty Frldpo During the twelve fflonths. Fishguarrl and Goodwid( Community Frfdge saved 13,435.4 kilos of good food from going lo landfill, up from the 11.729 kg d(ated during 23124. We have seen more users. from all walks of lrfe induding an increasing number of retlred people who appreciate our work and often thank us on social medla. The cost of a replacement. upgraded, shed vras fully wvered by l¢xal donors. plus a Town Council grant. Our volunteers still collect from Cardigan and Haverfordblest as •11 as from local supemiart(8ts, and r)rk hard and 5UPPOrt each other to ensure that food is r8ady for people to take from a clean and saf8 enwrc>nm8nL We still rec8Ne fresh surplus vegetables from gardens and allotments and SUTplus fo(Kl from holiday lets. R•palr Cafo The gamwnt Rep8ir Café in Ocean Lab is now in Its fifth year. and Mntinues to be very popular. This year there have b8en 67 gament rèpairs undertaken & 30 tuilionladvic8 S8ssions giV8n. Only 6 appointments wer8 postponedlcancelled. Takings this year totalled £208.85, and expenses of £31.60. There is minimal 5P8ee so booking is recommended. but th8 view8 over the bay are spectacularl Moya continues to volunteer which is greatly appreciatsd. Community Cllmate Fund Income Abergyffjun Communty Turblne has enabled 8 fourth 8llocatlon of grants to support local groups and small buslnesses. Seven projects were subsequently avArded grants totalling just over £24k in Marth 2025, bringing the total award8d to data to just over £1 Ook for enty seven projects. TBG Renewabl•# The WGES resource grant (awarded In 2023) for our R8new8bl8 Ernrgy Accelerats'on Project (REAP) enabled our offlcer tsam to focus on: Working with t188 consultants to subnmt 8 planniry appliClon to replace our existing wind turbine with a larger rnachine. Developing viabl8 models for incr8ased investment, both private and community. in rcof-top solar generation, both on domestic and18rger buildings. Two grnnts were gained to dèploy solar PV systems on rèsidential properttes.. one from the Post Code Communty Trust for three properties. and alarger grant from Energy Redress for a further twenty. Ihe latter ftsnding addilional part time staff to be trained for. and to develop an Energy Advice Service. b) D8veloping strat8gl8S to encourage the cwimunity to share our ambition for rapidly reducing demand for fossil fue15 by better eneryy conservation and deploymènt of'smart energ systems, aiming to assist the local area to generate enough renewatAe energy to power our ¢orrmunty by 2035. Grants from the BluestCYl8 Foundation Community Fund and Pembrok8shir8 Association of Voluntary Services funded communrty engagement work. Including a video 'Powering the Future,. and holding a successful 'Energy Fail in Fishguard in November 2024. TBG Offic• Since February 2024. we hava rented offTh space at 8A Main Street. Fishguard as Stena wore no longer able to offer us space at th8 Port. Othw acllvltlos Egln - fornigrly Renew Wales TBG continues to act as a host organlsation for mentors. K•oplng In touch We email 200 + supporters news rel8vant to Tr8nsition both local and national. *bsite VdmV.transitionbrogwaun.org.uk was redeveloped during Sept & Oct 2023 to make it more accessible and mobile friendly as well as being easier to 8dit. It now contains a N8w8 section whlch Is updated rwJularly and anyone can get in tou vla the enquiry form. TBG uses Facebook at: https:1fv4wW.facebook.coThfra5itIOn8roGWaUn1 and https:lfvThM.fac8book.comlfandgcommunityfn'dgeniocale=•n GB Gov•rnan TBG'S managemenL or Core Group, meets monthty and indudes TBG trustses, Chris Samra, Julia Moffètt. Tom Latter. Mike Davies resigned in November 24. Page 2
TRANsrrioN BRO GWAUN LTD REPORT OF THE TRUSTEE8 FOR THE YEAR ENDED 28 FEBRUARY 2025 ACHIEVEMEKTS AND PERFORMANCE Koeping In touch TBG'S vlholly controlled subsidlary. Transition Communty Ventures (TCV) Ltd. is responsible for oryJanl8irvJ the financing of 50% of Abergwaun Communty Turblne Ltd. TCV directors are Julia Moffett and Tom Lattei. Ab8rgwaun Communty Turblne (ACT) Ltd. the company whh owns and Is responsibl8 for operallng the wind lurbines, is a 50150 joint venture between TCV Ltd and P8rc-Y-Mfd Farms Ltd. TBG Is rewe5errted by Tcth Latter and Julia Moffett, as 2 of the 4 direciors of ACT Ltd. FINANCIAL REVIEW Financlal position Total funds increased by £46.577 (2024 £32,319) in the period to 28 February 2025 resultlng in total unrestricted funds of £76,074 {2024 £54.497)) and total restricted funds of £36,040 (2024 £11.0401).. Res•rves pollcy Our Fin8n(ial Reserves Policy is that V*e m8intaln a reasonable reserve in case of a shortfall in income. and to provide for any redundancy costs that may arise. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•rnlng documont The charity is controlled by Its govomlng document, ivs memorandum and artides, and constitutos a Ilmlt8d company, fvmrted by guarantee. as definod by th8 Cixnpanies Act 20rJ8 It was Incorporated on 28 June 2011 and became a registernd chaiity on 2 December 2014. RecTultment and appolntment of now trustees Subject to the Articles, it is intended that the trustees WFII be sdected gengrally by V4K)rd of mouth, based on a skills audit ¢arried out by the remaining tNsle88 to the balanced expertise roqulred for tho effici1 d81ivery of th8 tfust objectives. Inductlon and tralnlng of new trust••s New tru5t8es ar6 PTovid8d with informatk)n aboLrt the working of Transition Bro Gwaun Ltd, Its history and future plans. In additlon. they are given infomation on recommended good practice including the Charlty Commisslons publicatlons esponslblliti8s of Charlty Trustees" and 'Hanmarks of 8 WelkRun Charl. R•latéd partl•• On 14 August 2014 8 new company. also limiled by guarantee was set up - Transitlon Communty Ventures Llmited. in order to partiCiP8te in the erection of a wlnd turbine for the b8nefit of the Fishguard area. Transition Bro Gwaun Ltd has sole control of Transition Community Ventures Limited vthich commenced tradlng on 1 March 2015. REFERENCE AND ADMINISTRATIVE DEfAILS Reglstsrnd Company number 07685740 (England and Wales) Rogisterod Charfty numb•r 1159450 Re9istsr•d offl¢• 45 High Street Hav&rfordwest Pgmbrokeshlre SA612BP Trustoos TRELatter J A fvloff8tt C Samra M J Davios (reslgned 30.11.24) Page 3
Indvpendent Examln•r 45 Fllgh Strerf SA6128P SoH¢fto 41 Hlgh StrvBt BS1 SAS SA6128U 20-11- aNI on Ib behaff ty.
INDEPENDENT EYAMINER'S REPORT TO THE TRUSTEES OF TRANsrrioN BRO GWAUN LTD Indop•ndent oxaminerfs report to the trustees of Transition Bro Gwaun Ltd {'tho Company) I rèport to the charity twst8es on my 8xamination of the accounts of the Company for year ended 28 Febmary 2025. Responsibllitie8 and basis of report As the charity's twstees of th8 Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in aixordence with the requirements of the Companies Act 2006 (the 2006 ACV). Having satisfied myseff that the accounts of the Company are not required to be audiled under Part 16 of the 20 Act and are eligible for independent examination, I report in respect of my examination of your charitys accounts as carried out under Section 145 of the Chariiies Act 2011 Cthe 2011 ACV). In carrying out my examination I have follod the Directions given by the Charity Commission Uner Section 145(5} (b} of the 2011 Act. Independent examinerfs statement I have completed my examination. I confimi that no matters have come to my attention In ¢onnection with the examination giving m8 Cause to bèlieve". accounting rordS were not kept in resp8Ct of the Company as required by Section 386 of the 2006 Act", or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Sectlon 396 of the 2006 Act other than any requlrement th8t the accounts give a true and fair vi8w which is not a matter considered as part of an independent examination. or the accounts hav8 not be8n prepared in accordan wlth the methods and principl8s of the St8tem8nt of Recommend8d Practlce for accounting and retK)rtlng by charities {appli¢abl8 to charities preparing th81r accounts in accordano wilh the Financial Rèporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection wlth the examination to 1¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Alun Evans FCA Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA6128P Date". ZS-. 11. knif Page 5
TRANSITION BRO GWAUN LTD STATEMENT OF FINANCIAL ACTivmES {INCORPORATING AN INCOME AND EXPENDITURE AccouKr) FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 Total funds 2024 Total funds Unrestrictsd funds Restrfcted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 64,068 76.539 Charttabl• actlvltl•8 Grants Consultancy arKI s8fvbces Charitable actNties 74.717 12.$47 3,750 30,358 105.075 12.547 3.750 31,385 2.807 Total 155.082 30,358 185,440 110,731 EXPENDrruRE ON Charltable actlvltlos Charitable a¢tivties 132.877 5,986 138.863 78.412 NET INCOME Transfers botwwn fund8 22.205 (628) 24.372 628 46.577 32,319 N•t movem•nt In funds 21.577 25.000 46.577 32.319 RECONCIUAnoN OF FUNDS Total funds brought foTh¥ard 54,497 11,040 65.537 33.218 TOTAL FUNDS CARRIED FORWARD 76,074 36,040 112.114 65.537 The notes fom) part of thes8 financlal stat6m8nts Page 6
TRANsmoN BRO GWAUN LTD STATEMENT OF FINANCIAL POSMON 28 FEBRUARY 2025 2025 Totsl funds 2024 Total fLmds Unrestricted fund5 Restricted funds Notes FIXED ASSErs Tangible assets 972 972 1,047 CURRENT ASSETS Debtors C88h at bank and in haThJ 59,333 22.791 59,333 59,420 5,683 61.456 36.629 82,124 36.629 118.753 67,139 CREDITORS Amounts falling due rythIn one yoar <7.022) {589) (7,611) (2,649) NEf CURREpif ASSErs 75.102 36.040 111,142 64,490 TOTAL ASSETS LESS CURRENT LIABIUTIES 76.074 36.040 112,114 65,537 NEf ASSErs 76.074 36,040 112.114 65.537 FUNDS Unrestricted funds Reslrlcted funds 76,074 36.040 54,497 11,040 TOTAL FUNDS 112.714 65,537 The charttable company 18 entitled to exemption from aLNJit under Sectbon 477 of the Compgnleg Act 26 for Ihe wr ended 28 February 2025. The mernbers have not required the company to obtsin an audit of Its fin8nclal slatements for 1he year andwj 28 February 2025 In accordance with Section 476 of the Companiès Act 2006. The trustses acknOledge their responsibiltties for {al ensuring that the charitable company keeps accounting r8cords that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial stat8ments whlch give a tru8 and fair vlow of the stats of affairs of the charttable compfiny as at th8 end of each financial year and of its surplus or deficit ft)r each fin8ncial year in accordancè with thè requirements of Sections 394 and 395 and which Otherlse comply th8 requirements of thè Companies Act 2006 relating to financial statements. so far as applicabl8 to the Gharltable wmpany. (b) The notes form part of these finandal statements Page 7 ntinued...
28 FRUARy 2025
TRANSITION BRO GWAUN LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds it is probable that the income will be received and the amount can be measured reliably.
Income from grants whether 'capital' or 'revenue' grants, are recognised when the charity is entitled to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Donations income includes donations and gifts that provide core funding or are of a general nature and are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank. Other investment income is recognised once it has been received.
When income has related expenditure (as with fundraising) the income and the related expenditure are reported gross in the Statement of Financial Activities.
It is not a policy of the charity to show income net of expenditure.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Improvements to property 4% straight line - Plant and machinery 20% reducing balance Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds - these are funds which can be used in accordance with the charity's charitable objects at the discretion of the trustees.
Designated funds - these funds are set aside by the trustees our of unrestricted funds for specific purpose.
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued ...
Page 9
TRANsmoN BRO GWAUN LTD NOTES TO THE FINANCIAL STATEMEKfs - contlnued FOR THE YEAR ENDED 28 FEBRUARY 2025 ACCOUNTING POLICIES . ¢ontinuod Penslon costs and other post-retlrement benefits The charitable company operales a defined contributiC pension stheme. Contrlbutions payable to the charitable company's pension scheme are charged to the Statemenl of Financial Activities in the period to vh)ich they relate. Going Concern At the time of approving the financial statements, the trustees hav8 a reasonable expectation that the charity has adequate resources to continue in operational existsnce for the foresèeable future. The ITUStees have made this assessment based on reviewing financial budgets and ft)recasts for a period of 12 months from the date of the approval of these financial statements. Thus the trustees continue to adopl the going concern basis of accounting in preparing the financial statements. Financlal Instruments The charity only has financi818ssets and finandal liabiliti8s or a kind that qualify as basic financial instruments. Basic financial instruments are initi8lly recognised at transaction and subsequently measured at their setuement value. Debtors, with no stated interest rate and receivable wthin one year, ar8 r8corded at transaction price. Any losses arislng from impairment are recognis8d in expenditure. Prepayments ar8 valued at the amount prepatd net of any trad8 discounts. Creditors and provisions are recognised where the charity has a present obligatlon resulting from a past event that will probably result in the transf8r of funds to a third party and the amount due to settle the obligation can be measured or eslimated reliably. Creditors and provlsions are rK)rmally récognised at their settlèment amount after allowing for any trade discounts due. NET INCOMEI(EXPENDITURE) Net incomel(exp8nditure) is stated after chargingl(crediting}: 2025 2024 Depreciation - owned assets Independent examiners fee {including VAT) 75 1.200 81 1.110 TRUSTEES. REMUNERATION AND BENEFITS There were no trustses, remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024. Trustses. expenses There vRre no truste8S' 8xpens85 paid for the year ended 28 February 2025 nor for th8 year ended 29 February 2024, STAFF COSTS The average monthly number of employees durlng the yèar was a8 ft4lows: 2025 2024 Support Staff No employees received emoluments in excess of £60,000. Page 10 ntinued..
TRANsmoN BRO GWAUN LTD NOTES TO THE FINANCIAL STATEMENTS - continu•d FOR THE YEAR ENDED 28 FEBRUARY 2025 COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTivmES Unrestricted funds Restrlcted funds Total fvnds INCOME AND ENDOWMEPITS FROM Donations and legacies 76,539 76,539 Charitable actlvlties Grants Consultancy and seNic88 964 2,807 30.421 31,385 2,807 Totsl 80.310 30,421 110,731 EXPENDITURE ON Charitable actlvlties CharitatAe octivties 59.030 19.382 78.412 NEf INCOME 21,280 11.039 32.319 RECONCILIATION OF FUNDS Total funds brought fon¥ard 33,218 33,218 TOTAL FUNDS CARRIED FORWARD 54,498 11,039 65,537 TANGIBLE FIXED ASSETS Improvements Plant and machinery Computer equipment property Totsls COST At 1 March 2024 and 28 February 2025 1.285 635 289 2.209 DEPRECIATION At 1 March 2024 Charge for year 357 51 516 24 289 1,162 75 At 28 February 2025 540 289 1.237 NET BOOK VALUE At 28 February 2025 877 95 972 At 29 FebTU8ry 2024 928 119 1,047 DEBTORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 2025 2024 Funding Amounts owed by group undertakings Other debtors PrepayTh8nts 35.900 21.773 1.680 5,400 279 59,333 5,683 Page11 C<tinUed...
TRANSITION BRO GWAUN LTD NOTES TO THE FINANCIAL STATEMEwfs - ntInued FOR THE YEAR ENDED 28 FEBRUARY 2025 CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Trade Credltors Social security and othèr taxes Other creditors 1.336 682 5,593 954 96 1.599 7.611 2,649 MOVEMENT IN FUNDS Transfers betW8en funds movement in fvnds At 28.2.25 At 1.3.24 Unrestrfcted lunds General fund Community Climate Fund Egin Community Fridge Repalr cafe REAP Redress 36.380 16,827 1,290 23.439 7.361 2.168 (530) (1,277) {9,428) 472 111,863) 47,956 24.188 3,458 530 1.277 9.428 472 54.497 22.205 (628) 76.074 Restrictad funds Community Energy Resources Grant POStde Lottery PAVS 11,040 11,040 25,000 25,000 {628) 628 11,040 24.372 628 36.040 TOTAL FUNDS 65.537 46,577 112.114 Net mi)vemenl in funds. Included in the above are as follows: Incoming resour8 Resources expended Movément in funds Unrestri¢led funds G8neral fund Communty Climate Fund Egin Communty Fridge Repair cafe R&4P Redress 70,882 28,125 13,007 3.803 215 35.708 3,342 {47,443) {20.764) 110.839) {4.333) (1.492) (45,136} (2,870) 23.439 7.361 2,168 (530) {1.277} {9,428) 472 155.082 {132,877) 22.205 Restrietod funds Postcode Lottèry PAVS 25,000 5.358 25,000 {628} {5,986) 30.358 (5,986> 24.372 TOTAL FUNDS 185.440 (138.863) 46,577 Page 12 continued...
TRANSITION BRO GWAUN LTD NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 28 FEBRUARY 2025 MOVEMENT IN FUNDS- contlnuod ComparatIS for movomont In funds Transfers b6hveen funds movement in funds At 29.2.24 At 1.3.23 Unrestricted funds General fund Community Climate Fund Egin Repair caf8 17.510 15.672 36 20.893 1.155 1,254 {2,023) {2.023) 36.380 16,827 1.290 2,023 33.218 21.279 Restricted funds Community Energy Resources Grant 54.497 11.040 11.040 TOTAL FUNDS 33,218 32,319 65,537 Comparative net movement in funds. included in the above are as follov•S'. Incoming resources Resources expended vement in lunds Unrestrided funds General fund Community Climate Fund Egin Communty Fridge Repair [e 37.551 37,500 3,772 1,300 187 116,658) {36,345) (2.518) (1,300) 12,210) 20,893 1,155 1.254 (2,023) 80,310 Restricted funds Community Energy Resources Grant {59,031} 21.279 30.421 (19,381) 11.040 TOTAL FUNDS 110.731 (78,412) 32,319 A current year 12 months and prior yèar 12 months combined positlon Ss as follows.. Nel movem8nt In funds Transfers belw88n funds At 28.2.25 At 1.3.23 Unrestrlcted funds General fvnd Community Climate Fund Egin Communty Fridge Repair cafe REAP Redress 17,510 15,672 36 44,332 8.516 3.422 {530} (3,3001 (9.428) 472 (13,886) 47,956 24.188 3.458 530 3,300 9,428 472 33.218 43,484 (628} 76.074 Restricted funds Community Energy Resources Grant Postc¢Jde Lottery PAVS 11.040 25,000 (628) 11.040 25,000 628 35,412 628 36.040 TOTAL FUNDS 33,218 78,896 112,114 Page 13 continuèd...
TRANSITION BRO GWAUN LTD NOTES TO THE FINANCIAL STATEMENTS - continu•d FOR THE YEAR ENDED 28 FEBRUARY 2025 MOVEMENT IN FUNDS - ¢ontlnuod A ¢urrent year 12 months and prior year 12 months combined net movement in funds, included in thg above are as follows: In¢oming resources Resources expended Movement in funds Unrestrlcted fund8 General fund Community Climate Fund Egin Community Fridge Repair caf8 R&4P Redr8SS 108,433 65.625 16,779 5,103 402 35,708 3,342 164,101) {57,109) {13,357) (5.633) {3,702) 145.136) 12,870) 44,332 8,516 3,422 (5301 (3,3001 (9,428) 472 235.392 1191,908) 43.484 Rostri¢led funds Community En8rgy Resources Grant Postcode Lottery PAVS 30,421 25,000 5,358 119,381) 11,040 25.000 (628) (5,986) 60,779 (25,367} 35.412 TOTAL FUNDS 296,171 (217.275) 78,896 PURPOSE OF FUNDS Designated funds Renewable Ener Acceleration Pro"ect With the help of Welsh Government funding, we are driving foTh¥ard the dev8lopment of community r8n8wable energy projects in thé Fishguard and Goodwick area to eyploré, assess and develop a range of new initiatives. An important aspact of this work is to extend renewable energy expertis8 in our are8.our aim is to work with our community to mak8 local renèwable energy available at a falr rate and to generate enough renewable energy to power our community by 2035. In order to achiev8 this, we ar8 pursuing a range of short-, medium- and longer-lenn projects which undèrpin a holistic communty energy plan. Communlt Cllmate Fund Transition Bro Gwaun's Community Wind Turbine has been producing cl88n, green enèrgy Sin August 2015. Having repaid all of the 8Stablishment loans. we are now using th8 income for community and environmental benefit. On an annual basis. we award grants to businesses and cornmunlty groups across North Pernbrokeshire to set up practical projects that will help move their community towards a gre8ner. more sustainable future. Egin is a programme that aims lo unlock the collective power of communities in Wales to t8k• their fitst steps towards tackling climate change and living more sustainably especlally those who are the most likely to bè affected by clim8t8 change.The word Egin means shoots or sprouts in Welsh. and the aim 18 to help new ideas to generat8 and take rool, empowering communiti8S to come together and talk about the changes they want to Se8. Fish uard and Goodwlck Communl Frid Fishguard & Goodwick Community Fridg8 is a putP058 built shed n8Xt to the Gateway Community Hub. Thi$ innovatlV8 resource is for everyone and the aim is to make use of food that would otherwise go to waste. The shed has a fridg8 and sh6lving area to store foc*J 5af8ly and the food is available for anyone to tak8.This proj8Ct Is part of the national Community Fridge Nerk vh)ith is led by the environmental ¢harity HUBBUB. Gannent Re ir Cafe The Garment Repair Cafe i)ffers r8pairs and m8ntoring on how to repair garments. Th8 ethos bghind this is things ar8 being used for longer and don't have to b8 thrown away. This reduces the volum8 of raw matsrials and energy n88d8d to make new produ¢t$. It cuts C02 emissions, for example, because manufacturing new products and recycling old ones causes C02 to be released. Page 14 ntinued...
TRANSITION BRO GWAUN LTD NOTES TO THE FINANCIAL STATEMENTS . Conllnuèd FOR THE YEAR ENDED 28 FEBRUARY 2025 MOVEMENT IN FUNDS - contlnued REDRESS - Home Ener Advlco SeNIc• This fund provides a k)cal Home Energy Advic8 Service to the communty and is rosponsible for the management and troll 1, of 8 sm811 scale domestic rooftop so18r panel project in Fishguard and GC0dCk. Restricted lunds PAVS - Doln the Small Thln s Fund The Doing th8 Small Things Fund was a sm811 grant scheme deliver8d as part of the wider Pembrokeshire Association of Voluntsry Servlc95 (PAVS), Acti¥8 Citizenship & Engagement (ACE) project with funding from th8 UK Shar8d Prosperity Fund (SPF). The ACE project aimed to make a posltive difference by encouraging mor8 people of all ages to get actively invVed in helping out in their communitigs. PAVS - Bluestono Foundatlon Grant The Bluestone Foundation Community Fund {BFCF} provid8s financial asslstan¢e to communtties 8cn)ss Pembrokeshire in partnership with Pembrok8shire Association of Voluntsry Serwces. This grant funds our Tenewable Energy Community Engagement Projed th8 main actNities being a local event inl¥Irj the communlty called 'Powering the Future.. 108 Postcode Lotte Fun This grant will be used to install solar panels on 2-3 local housoholds, providing them vAth cheaper 8lectriuty. TBG viill own. operate and maintain the PV systems. and put the income towards creating a self-funding solar PV Installation cycle. This pilot project wll be aimed at those on lower incomes. but with more incomg and furKling. the longer teim aim Is lo roS1 out this programme more widely acro88 our community. 10. RELATED PARTY DISCLOSURES Th8 charItae company h8S taken advantage of exemptlon. under the ternis of Financial Rewrbng Standard 102 The Financial Reporting Standard applicable In the UK and R6public of Ireland.. not to disclose related paty transactions with wholly owned subsidiaries within the group. P8g8 15
TRANSITION BRO GWAUN LTD DEfAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 Total funds 2024 Total fvnds Unrestricted funds Restricted funds INCOME AND ENDOWMEpirs Donatlon$ and l•g4cies Donatlons 64.068 64,068 76,539 Charltablo a¢tlvltles ConsultanGy services Grants 22.254 68,760 22,254 99,118 2.807 31.385 30.358 91.014 30.358 121.372 34,192 Totsl Incomlng resources 155.082 30.358 185.440 110.731 EXPENDrfuRE Charltablo actlvft1•8 Wages Pensions Telephong Sundries Publicity Training Subsuiptions Consullancy Computer and *bSite expens8s Repair cafe Electricity Honorarium Charitable donations M8ntoring Rent Staff and volunteer ey4)en Staff mentoring Equlpmenl renewals Deprecaats'on 38,557 1,960 549 424 1.030 121 660 40.454 1.073 1,500 765 318 20.764 8.214 4.099 1,909 645 39,202 1.960 549 424 3,649 16,564 592 240 625 2.298 95 310 5.957 2.619 520 1.439 41.893 1.073 1.$00 765 318 20.764 8,214 4.099 2.364 3.1)05 715 36.345 2,340 1.881 1.438 300 2.384 75 75 81 124.856 5.678 130.534 72.846 Support costs Manag•m•nt Professional fees Insurance Bookkeeping Bank tharges 1.401 1,401 801 6.086 41 1,410 775 3,362 19 5,778 41 308 8,021 8.329 T¢)tsl resources expended 132.8n 138.863 78.412 Net Incom• 22,205 24,372 46.5n 32.319 This pag8 does not fomi part of the statutory financial statements Page 16
F•dAe¥•lReqroat28)J22023 Cost D•pkn ¢h•rg• ForYe•r DWMr• Dqp CFwd NBV 01ffj2fdD18 1.2J5.L 1285.OD 357DJ 51XbJ 408.00 877.00 928.ts) 1.28&00 D.tXJ 12861h) 357.QD 51AIO 408.00 877.cfj 20%PB 31h).00 336,Q) 835.00 2W.00 2e6.00 516.00 10.LKJ 14.00 31KJ5f2018 260.00 280.00 640.00 95nO 119.00 co01 •qufpm•nt 25% Laptop-LeaderfbJal 289. 280.00 289.00 2e9. 9.to TOTALS 22.0D 2,209.00 1.162.OD 75ffj0 1W.OD 972.00 1.047.00 .00 22 .1E?.Lb) 97 1.047L