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
Inde￿ndont 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 t￿188 consultants to subnmt 8 planniry appliC￿lon 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.coTh￿fra￿5itIOn8roGWaUn1 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 wh￿h owns and Is responsibl8 for operallng the wind lurbines,
is a 50150 joint venture between TCV Ltd and P8rc-Y-M￿fd 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 effici￿1 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 follo￿d the
Directions given by the Charity Commission Un￿er 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 r￿ordS 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 2￿6 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 acknO￿ledge 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 Other￿lse 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 F￿RUARy 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
POSt￿de 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
resour￿8
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
ComparatI￿S 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 Ne￿rk 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 GC0d￿￿Ck.
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 inv￿Ved 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 in￿l¥Ir￿j 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 charIta￿e 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¥•lRe*qroat28)J22023
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Dqp
CFwd
NBV
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1285.OD
357DJ
51XbJ
408.00
877.00
928.ts)
1.28&00
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357.QD
51AIO
408.00
877.cfj
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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
co￿￿￿￿01 •qufpm•nt
25%
Laptop-LeaderfbJal
289.
280.00
289.00
2e9.
9.to
TOTALS
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2,209.00
1.162.OD
75ffj0
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972.00
1.047.00
.00
22
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97
1.047L