REGISTERED COMPANY NUMBER: 09317097 (England and Wale51 REGISTERED CHARITY NUMBER- 1159934 Reportof the Tnstees arKI Financial Statsmonts for the Year Ended 31 March 2024 NEWCiS Constslidated IA Company Limited by Guarnnteel Sattsbury& Company BLsirbpss Sduti(ms Lirr¥ted Statutory Auditors rtered ￿￿e￿nIan1$ Irish Square UppÈr Denbigh Road Denb+yhshire LL17 ORN NEWCIS Consolidated C¢)ntents of the Flnanclal Statements for the yearended 31 11a￿h 2024 Page Repart of the Trustee8 1 to 5 RepLYt ofthe Independent Auditor5 6 to 8 Stat¢rnent of Financial Activrties Balance Sheet 10 Cash Flow Ststement Not8s to th• Cash Flow Statèrné Notes to the Financlal Statements 13 to 23 Detalled Stslemenl of FIna￿l31 ActNtiJes 24 to 25 NEWCIS Consolidated Report ofthe Twstees forthe year ended 31 Ma￿h 2024 The twstett are aLw dIrec￿S of Ihe cPwity for the pthw)se5 ofthe Ccfflpanie5 kt 2006. present thÈir report the financial s181ements of the chanly for the year ended 31 March2024. The truslees have adopted the proirisions of AccouniirvJ and Rewrbng by Ch8ri1ies'. stsiemeni of RecA)mMe￿ec% Pra(*ce applicable lo ch2riiies preparirvJ IheiT aGwunts Èecorfart￿ wth the Finanual Reporlir￿ siandard apP￿ab￿ in the UK Rewbk of Ireland IFRS 1021 leffective 1 January 20191. 08JECnVES AtrID ACTIVITIES Objectives and aim5 The objeds of the Cknarity are speCI￿al￿ rèsiricied to Ihe f￿1￿￿.. To preserve 2nd Promote the health of th(Ee PTowding care lor olher5 by offeriry infornation, training. rep￿Sente￿(￿ and opportunityto prowde ￿ h￿est sM)sSIb￿ qU￿ty of tare vthiL%t Ma￿tain1￿j a fuifilliw life themselves. The prowsion of swvices such 8s Infurnalion, ad￿¢* and supprffl. tr2ining, coun￿lIng. orrxjp activtbes. re&prte. grants artd one to one 5UPPOrt from Juty 2020 inc*Jded 5rung carer supwt in F￿nIShIre. The semces are the vehides Us￿] lo support the tnain PUTtX>se ofthe Glwtty. erwring Ihat the pubfic (care￿} ber£fit *ith the person Ihey pr￿e G8f8 for. In this financial per￿￿ all the at#)ve actiw1￿S have been defivered to tarets and voluntÈÈts artd rÈfÈrra& to conb.nue to increase month by month. NEWCIS Board of Drectors, agreed strdtegicaims are to.. Increase de￿Very of Serv￿ to unpaid farn￿1 carers arxoss East W818sand otherar8as sn Soulh Wales. Sthve lo ensure equalty of servrce5 in N.E.Wales. Reduce de[￿nde￿.￿ on statutory funding. Increase tnanagementcapatity 10 enable deveknptnentof s(xid enterwi5e optx¥bJn￿eS. Increase eapaoty t¢ support V￿UnteerS the oryanisaiTon. Increase revenue via strateg￿Marke1mg with crmmercial enbbe& Tha criieria for moThtOri*g success h8s been to rewrt Cffj Ihe Strateg￿ airns in tK>ard meetings and sub4x)mmittees during the perKé. NEWCIS rnanaged lo maintain all ¢￿traCt$ hekj in 2023 to 2024 was delighted to hear that the work submit for applications. lender5 and reviews in Ihe ￿ter mnth5 of 2Q23 WEre all successful, so that the 20.000 c8rers who ublisa the semce we proiode wll not have seen any diyUpb.￿ lo the supwrt we offer. New senritrs that were developed this year inGludtd delp#ering wr aw8rd-wnning BndyirYJ the Gap se￿ie to fve I(￿￿1 aulhotity areas in South Wa￿. (Newport. MonMoulhslu￿, Torfean. Bkenau Gwent and Caerphilyl. seNc* has supported over 500 carers in these areas and Ihe partnership working yrith the kjcal 8ylhorities h8S twi very swcessful. This ye3T h35 agan seen Gontinve(I pressure on fundiry 5trearns to do more for less with kKal g)vernrrwl fiJnding. Through oood financial management ar￿ the Supp￿1 of our ￿￿)81 erttwpiise * havè ecthrvJed to ddNÈr 0(￿ Val￿ to these funders and maintained goLKJ standards ofservice defwery. The National Loiiery Community Fund grani thai pr0yrt￿ a new prqttt fi)r us Augusl 2023 provxjes th¢ Servi￿ with additional c8paaty 8Th1 provides adyed Wal￿. Last year in the ￿h1 months Ihai the project was delNered the team vK)rked rylh 530 families wthin the I￿1 c￿nmunity areas. ￿ dev&k)￿t￿ts arKS ￿t￿SseS are rewrted to ￿aTd Tnernbers and rr￿nitoreo in line with NEWCIS Busne55 rnain ams ollecth￿. Pege 1 NEWCIS Consolidat8 Report ￿ the Trustee5 forthe year ènded 31 March 2024 08JECTIVES AND AcTIV￿lEs Slgnlficant act5vltles The activities Ihal have be￿ Undertak￿ in Tetation to have been lo pr￿le unpaid family Garers and volunte￿3 across Flinlshire. Denbighshire and WTexham. 5.576 new refeTrais were tsk￿ in Ihis period an irwease of . The charity Ix)nducts What Mattets tAJnversaiK)ns and assessrnents 2231 V￿re he￿ in this per￿￿ vthich evidences the support they ish to receive wtlh their cariru rde5 ryowdes them VAlh a voi(% b(>th as an ￿di￿dual in relation to their own arcumstance5 ata strategic partyw in stalutcry aThJ thnt8ry orgaftBations across North Wales. Keep in touch C￿lS have atso been maintsin8d by wr voknteers vobJnteets for over 200 carèrs who are Isola￿rt and look fo￿Vard to a wéekty (all from IhÈ semts 15 f*illated our bttery project This yearwe aL%o rnalched carers from differenl areas ourp2n pal proieLt and 18 ￿er5 ￿¥cOrn￿vn1rthe ￿th ¢xre¢s in Australia and a further 15 c8rers rilh carets in Glasgow and Dumfries. The fvesh food dÈlivÈry servits for carers vtho are in ttisi% {* have had a loved one dEcJ13rged from hwilal has aLso been maintained via our partnership CVL manage seNits. AddtbonaS grants wer2 ret*ved to supwrt needs throughoui the whieh induded rr surwL e*Gtn¢al ￿K￿lS to supwx7 fud ￿Sts, Chttsttnas parcels and food Vouchets for carers who were fnanoalty stDJgglry ès a regjlt of the o)sl of Imrg crtsts. Communication for our &tiwties via our $￿AdI medB p￿tf[￿nS and website were dso utilised rnore than wer as a way of keepirg carers infomied 8nd in touch. ser￿ nknnued to provsde Opwffuryty and chcKc8s to taters and vdutheets whilsi stiii mairTrtaining the bital c2re Èrtd support to their loved onè The patherships and that NEWCIS facililate. irhyease the ntsmber of carers regIs￿red and the success with new funders all ￿￿￿)bUte to intr￿￿ awarÉness of r]*J5 4ThJ issues that carer5 face daity. AJI acbwties the charity undertaok in the pwod have r￿n￿t￿rted to kne finanual writy of the ￿rity and the abih.ty to defver new Ser￿￿S whith yjpwrt the purpc>se of the charpty. A very significant deve1c￿ent for the charity finawd year was the move to purch8se a building In that beo)me the Charities rnakry oifices. The purchase did not get finalised in thk% finarbGk41 year t Ihe wotk lo ensure that the Sa￿ eady Into 2024 12025 Wd5 achieved. The buikjing will proviLle us with many opporbJnilies fortho chanty8nd for￿j1 ￿3a[8Th￿r￿rth. PLrbllc benefft The trustees have paid due regard to by the CX9rity Commr&s#in in d8cidir¥J *that acts￿&8$ the chaiitsble ¥Jmpany 6hwld undet%ake. Servicès have been prowd•Y in ths financ#al period that have supp)rted carers to mwntwn improve th*r w￿1b￿ng to able them to sustwn their rarir¥ rde and the ofthe p¥son ihey Care for. STRATEGIC REPORT Achievement perfomiance Charftable actlvlties NEWCIS has supported 20,000 farnity tsrer5 in I￿￿ finarKial peri¢xf wlh inforrnatian. advi* and support. The inform¥lion and one to one SUPPDrt enab￿5 ￿le￿$ lo make thow emFMMErs thwn and gNes thwn a voice in arenas Whe￿ carers ews &8n often be o¥edooked. Thks supp)rt abrysvje pra¢Xical Sem￿ prowdéd ty the tharity prÈvÈnts r2rer crisi% Ituaty￿S ocJyJrriru ￿ere Ihe care prowW by the family ¢4rwcoJld ￿kdOWn. The tharity conbnue5 to ￿entfy ￿KId￿ carers Wtt￿y. obl￿￿Ve$ lo lje rnat by of, bmely, well Put￿l¢lSed and accessib￿ infiKrnation for catBr5. Ser￿ces ￿￿￿Troting the hedth, welltsng and soual Ind￿On of careTr are promoted qU8rterty wa a newsletter and our r*wwebsite as welt as of Facet¥)￿ and Twitter have incwsed the awareness of NEWCIS in the cornmunity. The Charity CDntinues promoting 2nd inrxe8sng al￿rer￿sS 01 tzw i5sue5 c(xnmunTbe5 and wfftin apprwriate st81utory, voluntary and pri￿le sector environments. Suffyient resour￿ are in ￿a¢e due to Ihe success D.. gaining and maintainin9 grant and ¢(¥itra¢lu81 fvndin9 Strea0￿ lo a￿1 s￿lan ¥Jenltfied seFvKes for ¢xrers and volunteers 5u(* as a bespoke Lraining kyogramme. cwrxlling, and supwrt aciiirities to redu￿ isoL8bon vthin the tsring role. Financial review FinanGial postthon During the year the tharity had total IrK*JmirwJ resI￿r￿S of Q104.371 rf wlith £110.$43 iyds generdled from the social enterpnse Carer Venture Ltd.ICVLI. I20￿". £1.711264 of £113,1cK) was 9¥￿rated from CVLI and ltstal resourr expended of £2,121.16412023-. £1,670,759) resulted in a net105s in funds of£16.79312023 lo1.￿1. Page 2 NEWCIS Consolidated Report irfthe Trustees fortbo ye¥r ended 31 March 2024 STRATEGIC REPORT Financial roview Reserves ptslicy rhe trustees havÈ wewed and ￿apied a poly Teser¥e4 ha%9ng due cAwt&deralion to the operational profile of the charity the tthrd feÈl that it approw2te to ho￿ a reserve thal albw the tharity lo discharge its Ikqbilities and dose Its operation in en ordety fashK)n shouhj il be un8￿8 to (xjntinue ts ath5bes. The trustee5 feel Ihat in practical term5 this would represent hokying a reserve equivalent kn 3 monihs, opÈrabonal ÈxpèndthrÈ plus the T￿￿ndan￿1 costs of all staff rnÈmbets. This r￿Ure has been cathlated to be £2Wk. basi% that untE5tticted resetves are above this figure the directors feel th8t il k% apwopriate that the (*prity sh(MthJ. ¢w a per￿ of 1 to 2 years. increase expenditure in b.ne Trmlh tts charitable objectives until 8 resepit KWbon is rnet Princtpal risks and uncertainties The trustees have assessd the major risks to th the th8rit8tle ¢J)mparyts extKtsed and arè sabsfted thatsysterrts art in place to mitigate exposu￿ to the majorrisks. Financial and risk management objecttves artd pol￿1*$ The tharity ts In a competsbve markel for seM￿S to Ca￿r$ acr0$5 NoTlh Wales and the len6ering proc£sses that are now required be 3 challenge wrdin9 capaity and time fty 8 small rnan4ernenl learn. Austerity measvres Mrilhin the local aJth¢rtbes are sliN hawng effects on budgets and thatyJes in slaiuiory struthjres have had effect rm Ihe charity on the run up to the new fin3naal year. Restr￿ed and Un￿St￿tted testhies have been caloJLqted in arX*rd8r￿ with stsiutory gilld￿ce. Ix)wew many of Ihe unresirictÈd reser4es are rnanaged and ring fenced undw each yoject fund. Futsjw plans The ft>lbKryng 12 month5. and for Ihe fore5eeal)le futu￿ the opeT8tiw ermr￿rnen15 cwtsnue to be (Irffi￿At all sources of th￿￿n9 tsr￿r rxessurt to ¢Jo rr￿e less reswrc*. Carers have f*Èd 3ddthnal pressures since cov*J 19 8nd the Cost of INing crisis and the (*arity has developed newseTvKes kn supr*X with and enKli￿rtaI issue5. The focus for the wganis21itin as set by the toard will be to ojrthnue ￿ owate the higlW levels Of transparency 8Th charty g0veMan￿ whiLst Impromng the ofs*vKts to uDpawJ ￿Ters￿￿$ North East Wa￿3 Strivino lo prowde equaf5ty of sep￿8 acTOSS the operdti(Jnal area Reducing dependency on si8tLttory funding. IT￿udIng- Devdopment of progranw fc¢ both Tr*I￿dual and cotptfdte onors- Oevek)pment of SCO￿ enterprise- ayMI S￿n9 additiLThI bmdirg such as the N8￿n￿l Lottery Comrnunity Funded projects Devebpillg systems and managèrnenl capaLyty ￿l¢bA￿9.._ W stiategic inv8stm￿ts in ￿ and wstems to rwjucé thè admin burd&n and improve ft￿$ on servitz delNery Additional fundinglcontr* forWrÈxharn STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming documertt The tharity Is contrdled by ts govemirvJ d(urrenL a d*J dtnJs¢ aThJ c￿nSti￿ a lumit*l wmpBry. knited byguarantee. as defined by the ￿mper￿eS Act 2N￿. The tharity ks contrcled ty its g¢JvemiNJ d￿ment a of trusL and C￿titial￿ a rm1￿ wrnparry. by guarantee. as defined by the Companks Act 20Cfj. The company was esl8blished under a M&noraThlum of Ass{vat￿n. ests￿L$h￿￿ the obigys and pow*s af the chaTit3blÈ t￿mpanY Ènd 15 govemed underthe Arbdes of A$S￿allon. Charity constitution The Iruslees meet quart8rty and are ￿pOr￿Ible for the rn8nawneni ar￿ strategic lÈadÈr5hip of the thBrity and ensuring that the cherity dew)ies all of rts re￿[LeS and assets IIAWdrUs rreeting its objectives. None of the trustee5 has any tse￿￿81 In￿reSt in the C4YnPaty. All of the truste8s are memb8rs of Ihe eompany and guaranteed to ttjntribute £1 in Ihe eventof a %wnLfiry up. Page 3 NEWCIS Consojidated Report ofthe Trustees forfhe year ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT R￿rui*M￿nt and appoinlment of new trustees Prospectrle trustees are inwted lo attend an infwrnation day ext51Tng tnJstees and n8nagers within the availaNe for them to ?sk any questiws and lo un(fersland the wms of the charity. If the prospective Juslee wthes la offer their se￿￿ to the tharity a vote be taken attrE nexilTUStee rreetirvJ to apwmnl them. D8¢S$lon maklng I deCA￿on5 on wJlKy atKJ Strategy tnade by Ihe t)f trustees by vote. Day to day resPo￿51￿lity for the management of the cbanty is ¢degated to the chEf eX￿tive officer. cl91￿ SulNan. Ojewhl of Finance and Human Resource issues ddegated to sub committees rnade up of tsuslees acting ￿thin Ihe pob'cyset by the ftill board. Indltction and tralning of rwi trustees The charity has a lu11 sel of wliaes and Fwcedures lor the induction of volunteers all tDJstees are subject lo thi5 induction. On top of this Iruslees sign a ￿nfidentialty and condyd prfKy S￿fical￿ coveriw the duties of the IrLEtees. The company offers all Irusiee5 origyry. Independent Irainw in order for thern lo maintsin apwopriate knowiedge of Iheir role and responsibility a5 trustees under Company L￿and Charity Comrni4sion guidetine5. Key management remuneration I Iru5tses ￿ unpatd for remunerdtion expenses iwjrred direaty on Ihe cljaritys t￿J$In￿. Al salaries or fees lor all pwsonD81 are pr¢po8ed by an independen., Hurnan Re￿r￿ committee made up of trn'stees and approved by the board. REFERENCE AND ADMINISTRATIVE DETAILS Registered CoTnpary numb8r 09217097 (England and Wa￿} Reglst8red Chatty number 1159934 Register811 office 28-44 New Street Mol Flintshire CH7 1NZ Trustees Mrs G Harris￿ Wice Chair Mr C Holstein Mr R G Ltrws Company Direclor Mrs E Lilllehales ￿latOr Mrs E J Taybr Chair s S Donoghue Swal Enterws M5 L Hawtin Chair CVL Mr P Heard Busn85s Consullanl Mr G P Jdley AccoJntsnVCompany Llire( Ms M P Carneron M5 L C Hunter Ms C Sultivan CEO Ms A L Brwke5 TearJ)pr Company SeGretary s E Jones Audltors Salisbury & Compary BusiTESS Salub￿5 ￿mited Statutory Auditor5 Chartered AGcaunt2nts lrf$h Square Upper Dents￿h Road Sl Asaph Denbighshire LL17 QRN Page 4 NEWCIS Consofidatsd Report oftheTrustees for the yearended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees (who arÈ akn the dire(J£Jrs of NEWCIS Group f￿ the purrx)ses of conpany lawl are reswnsDI le for preparing the Report of the Trustees and tt)e fin8nual Stat￿nts in accixdance wilh applica￿ law arKY United Trfjng1om Attounting Slandards (United Kirodom Generalty P*£ewed A¢xx)unting Pradul. Company require5 the trustees lo wep8re finanoal staiemen& for eath ffnan(ial year vthth give a true and fair view of the staiÈ of affaits of thÈ Chantab￿ cornpary of the Incoming resour￿ and applcation of [esoUr￿S. including Ihe income and expenditure. of the tharitabk crmpany fc¢ that In Fwarin9 t1￿ fitsanc4￿ st2tements. thÈ trEtees are required to select suitable accounliryj pol￿4&8 arK1 then appty Ihern ￿K￿Sten￿.. observe the metws and princ4pks in the Charity SORP," make judgements and estimates that are reasLYhabk aThJ p￿en[ ststÈ whether appli(zbk a￿Un￿ng stsndards have foUo*l. subiett to ary materi¥l depa￿re5 disclosed and explained In thÈ fina￿ti￿ statements: prepare ttTre financEI stat￿￿ents going c(r￿ern basis vn*s8 rt ts n)approprfatÈ to pre￿ne that the charilabk Company wll C{￿linue in bu&ness. The tnjstees are reskVtsib￿ keeping pr￿r ￿￿xInting re(x)rds th dixW)se wlh rea80na￿e afxajracy at 8ny timè tr fin8naal position of the tharitable compary and tts enab￿ Ihem to ensure that Ihe finantri￿ $tsleN*nts compty with The Companies Act 2006. They a￿ 2L%o responsTW forsafeguardiry the assets of the charitable company and hence for taking reasonable steps forlhe prevention and de*cbon of fraud and 0lhetirregularitE& In so faras the trustees are aware. there is no relevant audit information of %*itch Ihe f*8ril8b￿ compar￿$ ￿d￿{sTs are ￿3W0￿.. and the intslees have taktn all steps that they ought lo Fwve taken to make awgre of Hny relevant audit infoTmatk)n and to establth thatthe al￿tOrS are awareof thal information. AUDITORS ThÈ auditors, Salisbury & Cornpany BLEiness Scdubons tiftwted. ¥%41 be F¥oposed for re-apwnlrnenl at the f¢Jrthcoming Annual General Meeting. Report of tbe trustee8. ir￿0rpC*ati￿ a Straw￿ rwL by cffjder of the t*Jard of trustees. as t￿panY directors. . and signett on the boarf's bth]fby. MrR Lews-Truslee Page 5 R8port of the Independent Auditors to the Mèmbers of NEWCIS Consolidated tjpinion We havè audited the finarrfaal statements of KIEWCIS G￿p Ithe'tharitable ￿mpan￿) for the year ended 31 Marth 2024 which comprise the Slatemenl of FinarNial Actswbes. the Baknce SheeL the Cash Flow Slalemenl and notes ta the finantial statements. including a wmm8ry of signrfK3nt accounting wliaes. Th2 financial reporting frarnework Ihal has b2en applied in their prep8ration app5K*ble law and United ￿r￿0M Ark undertaken in the wurse ofthe *jd￿. thè inforrnation given In the ReFth of +he .' rustee5 forthe finan￿￿ yeaTforthKth Ihe ffillanC￿ ststemÈnb are pr8par8d is consisteni wrih tre finanoal stalernents- a the Rewrt ofthe Trustees has been prep¥ed in ar£ordanCeV￿th argfKable W requirements. Matters on which we are required to report by exeeptson In the light Of the kn￿￿edge and dr￿e￿tand1r0 of the tharitabk crrfnpany ar￿ its obtaitEd in the ￿Urse of the audit. we have not ￿entified material rr*&8tatements in the Rerort ofthe TnJstee5. We have nothing lo relxxt In respect ofthe fcitw"r@ matt¥s vhwe the &￿pa￿lesA¢1 2CXX requires us Lo rewrt to you if, In iyJr ¢pink)n". adequate a(r￿Unting records have not kept ￿ r￿U￿￿ adequate f￿￿raUdit have not bÈen r¥*ived from branche5 not wsilèd by us.. or the finanaal statements are noi In agreeM￿L￿th the accounlln9 reco￿$ and returns.. c>r certain disclosures of tDJstees' remuneralion speufied bylaw are noi rn8de." or we have not receNed all the infarrnabon and explariatK)ns we require I￿￿1rau￿I. Page 6 Report ofthe IndeF*ndent Auditors to the Membets of NEWCIS Consolidated Responsibilities of trustees expL4ined more Jully in the Staiemeni of TntsteÈs' ReS￿n*t￿1￿es. IhÈ trustees lth) are aLso the diredots of the charitsbk company for the pJrpts8es ol ctsnpany18wI are responSi￿e for the pteparaion of the financ481 statements and for being salBfied Ihal they give a true and fair VEW. and for gJch inlemal o)nlrc4 as the truslees deterniine is ne￿SSary to enable the preparation of fina￿81 stalernents Ihat arefree from material m￿tateMen{ ￿ether due tc fraL*1 orerror. In preparing the finanual slalernents. the trwtees are resp)n&ble for a&sessiryJ the charilable company's ability to continue as a going con￿rn. disdosing. as applicab￿. matters rdaled lo going concern and using the going c￿￿ern basis of accounling unkns the ly￿ee5 either inten¢J to bquidate the tharitat4e cwpany u to C8￿ ¢perat￿ or have no resI￿*C allerrt81ive but to do so. Our r6sponsTbllfjtles forthe audit of the firsanclal statements Our objectives are lo oblain reasonatle assuTance abwt th8 finan￿81 slalements as a sthle are free frorn rnalerial misslalemenL whether due lo fraud OT error. arKI ta ￿ue a ReprKt of Ihe Independent Audit(X5 that indudes our opinion. Rea50nable assuffjnce is a high tsf assurart<*, Exrt i% rK)t 2 gUaran￿e that an audit conduded th %ctsrdance Mth ISAS IUKI will always del8d a material misstatemeni when it exi%ts. Mis$￿tementS tsn arise from fraud or error and are considered materr81 rf. indmdually or in the aggregate. Ihey 0)U￿ rea%￿atty te exp&Xed lo iThflUen￿ Ihe e(x)nom decIs￿nS of users taken on the bas￿ of Ihese slatements. The extent to wh￿h our wLKeduTe5 are GapalAB of ¢jete#r￿ irregthtitie5. frèud i% delaibl below. Irwularilies. induding fraud. are uknce5 of non-C(XnpFan￿ with and regulati(*1s. We design [￿￿￿U[eS in line our reswn5ibilitie5. Outlined above. to det&t rnaierial Tnisski*nents in respert of irregokibes. induding fraud. 0kn￿ng to the inherent limitat￿n$ of an audit, there is an un8v￿ab￿ risk Ihal m81erial nYsst8temenl in the fin8nc481 staternents may mt detected, even though a￿lt is rmperty pLqnn&Y in accordance ISA (UK We obtsined an under5tsnding of the I￿al w￿alOry TramewoT1ts awfxxbk to the company and the industy in tthich rt opera*S through our general eommerual and sectar experierv and dLSCUSSions ￿1h managemenL We deterrnln￿ that the followng laws and regulations were rnost signfficant.. The Cornpanies 2006. FRS 102 the'Finana81 Repotting Standards applicabl? in Ihe UK and Re￿bI￿ of Irelan¢. rtthnt UK tsx legislati￿1. In addth). we eondudèd thai Ihere are tertain laws and regulations that rnay have an effect Ihe dete￿nInatiOn of thp a￿K￿nts arvj ￿$¢b)Su[eS wthin the fithanoal statements Suth as Heahh and Safety U8*s and regulatic￿$. We alr￿sed the su5cepliLvfity of the companls finantsal statrements to maieTial mi%tstement, ind￿•￿9 fraud rni9hl occur. Audti Pr￿ed￿￿ performed by the engagemern ind￿e￿.. . DiS￿$s1onS with rnanagement. cwsthabon o¥ krKAvn or instan&s of 12ws 2nd regulations or fraud.. - Obtain an understandiry ofthe Th1terr￿) (x)ntr￿S Ihat rnan8￿1 have ift p￿(* kn Prevent and detertfraud: - ChaI￿ngIng a5SUTnptioms and judgemènts rtsde by management in its svJnrfi(xnt ae¢cAJnting estimates.. - Rewe￿ing the financial statement disrjosures and assessing the appropriateness of Lhe accounting used.. - Identifying and testing j(xJmal Èntrtes, in p8rticuL8r manual u unusual entrts., - Obtaining Ihird party confim2ti0ns ofall the companies banking a[rangeff￿￿'. - Perfortning analytif21 10 identify any unusual ￿ unexpeued reL81ionships.' - Conclude on the approprkiteness af the dired(Jrs' use of g(xng ￿)n￿rn basis of accountirvJ. The assessment of ihe apprtrpriateness of the r￿llectiVe (x)mtÈierte capatsliks ol the engage￿nt team in￿￿ed consider81ion of the eryagements team's knowledge oflhe industry in W￿Ch the dient opwates in and understanding of. and practical experien￿ wth. audil engagefflents of a Sitni￿r naiure ¢x)m￿￿ety through apprcpri*e trdining and paitopation. There are inherent limttations in the audit pr￿￿u[eS desctibed a￿￿￿. We ate ￿ likety to b*ixne aware of Instancès of non-compliance wth laws and wulatians IhBt are nol ckEety rdated io events arvj transactions reflected tii the financr81 5taiÈmÈnis. A￿￿. the risk of dÈtetbng a Ma￿rial mtsstatÈM￿i due kn fraud ts higher Ihan the iisk of not detedrig one resutting from error. as fr2ud rnay Involve def*erate conceaSment Ouraudit proceLlure5 are designed to deteGI material mEstatemwrt. We are rK4 resp￿ts￿ for preventing n0nilty lo anyone otrEr than the thanlabk ￿m￿nY anLf the tharirable companys mwnbers as a tK)dy, far0ura￿￿c￿xWk. f£￿th￿ reporL orfwtr* orKnN)ns have iormed. ed Robert5 BA (Ho￿) FCA {sen￿s￿b)t0ry knit¢rl for and on behalf Ofsa￿￿ryS Compary B￿nesS 5c4utkxts L¥nited Ststuw Auditors Chartered Acc4)untanis Irish Square Upper Denbiqh Road St Asaph Den￿ghshlre LL17 ORN Date.. -q-)uJ NEWCIS Consolltlated Ststernerrt of Financial ActNitiÈs forthe year ended 31 Ma¥¢h 2024 2024 Total rund5 2023 Total fiJnds fu fLmds INCOME AND ENDOWMENYS FROM Donations and othergr8nts 17.111 17,111 11.080 Charitable a￿1vitIeS Support for carers 1.768.164 156.959 1.925.123 1.718211 Olh8rtrading act￿leS Investment intA)me Other income 25.847 25.847 3.222 30,722 1,219 11.032 6.627 Total 1.820 971 156.959 1.771264 EXPENDITURE ON Raising funds 123.t28 123,228 271,052 Charitable actiwties Supportfor ￿rerS 157,460 1,871.495 1,399,707 Total 157,460 1.994,723 1.670.759 Net gains on investmenis 17.500 INCOME1{EXPEND￿URE) 116.292} 15011 116.7931 119.005 RECONCILIAMON OF FUNDS Total funds broughtforward 786,840 89,570 876.410 7S7.405 TOTAL FUNDS CARRIED FORWARD 770.548 89.069 859.617 876.410 The ￿rte5 fo￿ pHrtoflhese fffianoal 8talerf*nts Page 9 NEVICIS Consolidated Balance Sheet 31 March 2024 2024 Total funds 2023 Tor81 funds UnTesthtted fvnd Restrided funds FIXE[) Assgrs Ta￿l￿]e È5sets Invaskn*nt proF*ty 16 17 18.$9) 251.620 18.990 251.620 16.9¢4 251.620 270,610 270,610 268.524 CURRENT ASSETS Debtors Cash al bank and in harKI 18 259.742 712.449 259,742 801.518 112,795 756.485 971791 ,069 1.061.260 869.28D CREDThORS Amounts falling duewthin one year 19 14722531 1472.2531 1261,3941 NET CiIRRENT ASSETS 499.938 589.W7 607.886 TOTAL ASSEfs LESS CURRENT LIABI￿lEs 770,548 859,617 876.410 NEf ASSETS 770,548 8g,069 859,617 876.410 FUNDS UnreslriCLed funds R&stricied funds 21 770,548 89,069 786,840 89,570 TOTAL FUNDS 859.617 876,410 The finanoal stsiements We￿ aW0￿d by the Board of Trustees and auth(X￿1 for issue on ............................................. and We￿ Sign￿ on its behawby". 2/'pJ2Y- The notes forn Pdrtoflhese finaniaal $latements Page 10 NEWCIS Con5011dated Cash Flow Staternent for the yearended 31 klarch 2024 2024 2023 Cash flows from operafrng activIt￿S Cash gÈnÈraied from operabws 52.114 67.802 Nel cash prowded bYo￿r3bry acthntres 52.114 67.802 Cash flow5 fTOrn iNvestÉng actNities Purchas8 of tangible fixed assets Purchase of investment prop Sale of investment propety Inveslmenl revalualKK 1nteresl receNed 110.3031 13.D971 14,1201 17.5(Ml 117,5001 1.219 NÈt cash used in investing actmties Change in c35h 3nd cash equlvalents in the reportlng pÈrlod Cash and cash equival8rts at the beginning of the reporting period 45.033 61,804 756,485 694,681 Cash and cash equival8nts atthe end of the reporting period 801.518 756,485 The notes fomi part of Ihese financial stslements Page 11 NEWCIS Consolidated Notes to the Cash Flow Ststement forthe yearended 31 March 2024 RECONCILIAT]ON OF NET IEXPENDITURE)ItNCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net lÈxpenditLrreifincorne forthe reporbng period las pèrthe Ststèment of Financial Activitiesl Adjustments tor. Depreuatson charges Losses on investrnents Interest receNed 116,7931 119,CKJ5 8.219 9,966 117.5001 (3.2221 Ilncreaseydecrease in debtors InGreaselldecrea5el in creditors 1146,9471 210,859 1W.636 143,0861 N8t Cash provided by operatyons 52.114 67,802 ANALYSIS OF CHANGES IN NEf FUNDS At 114riJ Cash flow Al 3111f24 Not cash Cash al bank and in hand 756.485 45,013 801,518 756 485 801.518 Totsi 756.485 45.0 801,518 The rotes fcffii part oflhese finanrial Page 12 NEWCIS ConsolidatÈd Notes to the FTnancial Statement5 forthe yearended 31 March 2024 ACCOUNTING POLICIES Basls of preparing the fi￿anCIal staiernents The financi81 sialemenis ol the charitat4e (WFJany. thch tenefrt enbty under FRS 102. have been prepared in accordarK* vrith the Charit￿S SORP IFRS 1021'Accwntrg and Reporiing by Charities.. Statement ol Recommended Pfactice applicab￿ to Gharilies preparing their accwnts in 8ccordantr wlh the Financi81 Reporting StsndaTd applicable in the UK and Repubfic of IrÈLand IFRS 1021 leffectNe 1 January 20191,. Financial Rerorting Standard 102 The Finanoal Reports"ng Standard applicaNe in the UK and Repubtic of IrelaTrd' and the Companies AGt 2006. The financ￿1 slalwrents have been wepated UNIÉT Ihe (x)5t crnlw)n. a5 ty the revaluation of certain assets. The finanfial Statements a￿ prepaTed in St￿￿ng, the fi1n(a￿￿ ¢*rrerty d)ariiable c*)mpany. Monetary arnounts ￿ these financial stagem￿ts are rtyjnded to thÈ nearest Q The accounts have teen FW3red ￿der htstNi(•l ¢osi convention. The acojunting p￿(aeS adoF gre set out below. Income l inc¢rne 15 rEC0Jn￿￿￿ in the Ststement of Fir*ntial once thè charity entidement to the fvnds. it i PTobable thai IhÈ in(x)me WJ be receNed and the arfK)unL c2n be mewred retiabty. Cash don2ti0ns arè recognised on receipt. Otherdonations are T*A)gnised orre Ihe charity has been notified of the donati￿, unless pErfJst arvj 20% w c05t Tangib￿ fix8d assets are ￿llIa1￿ rrwsured at LX6t arKI subsequenty measure 81 cost or V8￿8b0n. of depreoation and any impaimitrni k￿es. Fixed assets costirKJ more than £1,C*XJ at2 caFxlalised on wuisilion. The gain OT loss arisirrfJ on the of an as￿ 6 delennined as the drffer8nce belween thÈ sa* PToceed5 and carrying value Df Ihe 8S8< and is recognised in net incom&(eypeThJibJrel forth8 year. Page 13 )ntinu￿... NEWCIS Consolidated Notes to the Financi31 Staternents *continued for Ihe year ended 31 MarGh 2024 AccouKfiNG poui¢ies-¢ontinuod Inv8stsnent property Investment propety shovm at rTkSSt re￿t vakJatK)n. Any ￿re￿ale surylus ar dekit ari&ro fram changes in fair value is recogni￿ ill the Slatement of Fwkanaal A4tsbe5. Taxatlon FLEnd accounting Unrestricted funds can ￿ used in ac£*rd￿￿tr) the charitable otyectives at the disL*etion of the trustees. Restricted funds can be parts(YJ￿F re5trKW wrkxjses objxts of the charity. Resthctions arise when 5peufied bythe drmr or*then funds are raEed tr parts￿L￿r restri(￿ pur[￿￿. Furtherewanab'C￿ Of￿ nabtsea￿ purrxJse ofe*th fund s induded ￿ the th)tes to the finanrial statements. Hire purchase and leasing ¢ommitments Renrals paid under operatmg kases are tharged to the Stslernent of FirwK4al A£b￿be5 w a 51TawJhl line bass over the peftcAI of the lease. Pension costs and other post.retirpment beneffts The tharitablÈ ¢xJmpany operétes a defintyts ¢ontiiiMJbc¥) p8nsiw scheme. CL%)tnt￿tseffjS Payab￿ to the charitable cornpanys pen5K)n s¢hem8 are chargèJ to the siatementof Fir¢artF81 Ac*iritses in Ihe WiLwJ lo which they reL81e. Going Concem At the lime of approvi￿ the financial statem￿ts. kne trustees h8ve a reasonable expeclation that Ihe charitable rnpany has adequate res0Jr￿ 10 contsnue in for the foreseeab￿ fvlure. Thus the trusiees continue to adopt the going crr¢em b3S45 of80￿l￿ti￿ in Fryariro the ststements. Donated SeM£es The ba&s of valuaiion fu thated s8￿KS$ of ¥%￿j￿t￿$ is that deemed costs are rK)t reLwnwd wilhin the statement offin￿o￿l a(tsDes. Group Accounts These financial Statements the resuhs of ts charity and its subthigry ￿rnpanY Carerventures Ltd on a line by line bass. A separate Slaternent of Finanaal foT Ihe tharity is not presented because the charity has taken advanoge of the exemptions afforded by par4raph 393 of the SORP section 408 of the Companie5 Act 2006. chanty shares in Carer Ve￿reS Lltt and dire¢teT5 of these ccrnpanies 8re stso d5reclw of the charity- DONATIONS AND OTHER GRAKrs 2024 2023 Donatians Fundraisng 17.111 11.078 17,111 11.080 P>ge 14 eontinued... NEWCtS Consolidated Notes to Ihe Finarb¢ial Stoternents- continued for the yeareTrded 31 March 2024 OTHER TRADING ACTivmES 2tr24 2023 Shop incorne 25.847 30.722 INVESTMENT INCOME 20?4 2023 Deposbt account interest 1,219 INCOME FROIA CHARffA8LE ACTMnES 2024 2023 Adiwty Grants 1.925.123 1.718.211 Grants receN&l, inchtded i* Ihe al￿. are as fdkME.' 2024 2023 Bcu 244.553 213.490 474.%1 328,255 1%.959 257.502 30.oc 5.379 173,825 8.518 25.000 6.681 224.462 229.018 608.556 366.756 182,751 68,970 Denbighshire Cwnty t￿￿47 FlintshiE County Council WTexham County Counal Bts Lottery Fund Carers Trusl Wath grant Action for children Moond8nce South Wales BTG The WatedoD Foun¢Jab We15h Govemment BTG CVSC Prestatyn Welbeiry Prt4ect 7.700 1.925.123 1.718.211 RAISING FUNDS Ralslng donations and legaues 2024 2023 Suppoyt ￿sts 271 othertradlng activtties 2024 2023 F4Jrchase5 Staff ￿sts Support cwL8 20.024 58.4 44.524 18,922 6g.771 122,957 271.052 Aggregate a￿K*j￿ts 123.228 271,052 Pdge15 e￿ntinued... NEWCIS Cot)solidated Notss to thé Financial Staternents *continued forthe yearended 3q March 2024 CHARITABLE ACTMnES COSTS Grant fundiw of acttwtiÈS Isee note Supwrt sts (see ntsie 91 81 Tota15 Support for carers 660.505 1.871 495 GRANTS PAYABLE 2024 2023 Supportforcarers 660.￿5 384 420 SUPPORT COSTS lThf¢miaion (*vernan sts Fjna Tol21 RakNng donaliorts arA1 271 34,7T8 1.187.306 271 44,524 1.210,990 other trading acbwts&S Supporl f￿ Ca￿rS 619 4.484 17.454 6.132 1.222.355 717 10.775 21,938 1.255.7B5 NEf INCOMEIIEXPENDTTURE) Net incomellexperLditurel ks ststed aller charwWl&*ditilYJI: 2024 2023 Auditors. remuneratic Auditors. ￿m￿neratiOn for non 8￿rt￿Y￿K Deprerialion- owned 355ets Olheroperating ￿8$e$ $.254 8.470 8.217 38.416 3.132 7,900 9.968 30.464 TRUSTEES. REMUNERATrON AND BENEFrrs There were no trustees. rerNnerat*ki or (kher bÈr• fv the year ended 31 March 2024 for Ihe year ended 31 March 2023. Trustees. expenses Duriro the yearexpenses of £nil12023.. £2281 were to trusteesfortr8vd expenses. Page 16 )hnued... NEWCIS Consolidated Notes tothe Financtal Staiements - contsnued foT the year erEdeil 31 Mawrh 2024 STAFF COSTS 2024 2023 Wages and sa12ries Social security t05ts Other pension cosis 1.019.166 67.607 49.695 986.085 73.483 45,510 1.136 468 1.Q85.058 The avewe rnonthty nuMberola)*Y￿ thJrir¥J the yearwds as f(4fvs: 2024 47 2023 44 Support Shop 51 The staff costs and staff nUrn￿rs anaty&s atMwÈ r*tèto tr>Jth the (￿ty ￿ the GTWP. 13. COMPARATIVES FOR THE STATalENT OF FINANCIAL AcnvmES Tot funds fijnd fvnd5 INCOME AND ENDOWMENTS FROkl Donations and other grdnts 11.090 11.080 Charitrble a¢tivltl8S Support forcarers 1.S35.460 162.751 1.718.211 Other Irading aciirities InvesThenl mcome OtheT inGome 30.722 1,219 11.032 1.219 11.032 Total 1.589.513 182.751 1.772.264 EXPENDiTURE ON Raising funds 266.605 4.447 271,052 Charitable actiwtle8 Support forcarers 1.272,488 127.219 1399,707 Tolal 1.539.og3 131,866 1.670.75g Net gains ￿ investrnents 17.5LYJ NET INCOME 67,920 51,085 119,ry)5 RECONCILNMON OF FUNDS Total funds brought forward 718,Y20 38.485 757,405 TOTAL FVNDS CARRIED FORWARD 786,840 89.570 876,410 Page 17 0)ntinU￿J... NEWCIS Consolsdated Notes to the Financial Statem6nts-¢ontinued forth4 yÈarÈndÈd 31 March 2024 14. FSNANCIAL PERFORMANCE OF THE CHARrrY The mns￿￿aIed Statement of financ&aJ Acbths inrath the resutts ofthe <*ariWs owned subsidiary. Carer Ventures Limited. The 5vrnmary financAal perf0ma￿e ofthe ch8Tity akne is: 2024 2023 Dar￿li0￿S and legarA8S CharitaUe activrtes Other trgding aciMtie5 Investment incorne Other income 4.347 1.91g.743 17.111 3,222 23.502 1.710,511 11,078 1.219 22,906 1.967.925 1.745.713 Raising funds CharitabEt actswtses 137.785 1.5012511 1.980.457 11.980,4571 11,639.0361 t4el gansllknl on inveslmenls 17,500 Net irtomellExpen(Murel 112.5321 124,177 Total fvnds brought foryrdrd 854.T15 730.598 Tolal funds cat[￿d fowrd 842.243 854,775 1S. FINANCLAL PERFORMANCE OF cARERVE￿1REs uMrtED NEWCIS owns the entire share Cap¥￿ of Carer Venture5 Limited. which opeTrte5 the ￿dIng 8¢bwtses on behalf or the Charity in th8 f¢m ofc*arity sw and otheTs£xial eniwprise a.910 19.639 29.615 1.619 1.038 8.".38 3.011 1,196.723 903.970 68.775 42,542 30.464 11,047 8,478 11,045 33.679 1.891 1.191 9.594 4.881 1,127.￿7 Ths p29È does rK)I fomi r)ari ofthÈ stattrtiryfman(iJ stslements Page 24 NEWCIS Consolidated Detailed Starement of Financial Activities for Ihe year ended 31 Mar¢h 2024 2024 2023 Management Brought faTward Travel & 5ubsislence offi￿ deaning ference & meeliry costs Moior Expenses Staff w&farÈ Long leaseho Improvements lo propety Plant and tnachinery FixtrJrÈs and fitbngs MotOTvehidès Computer equiFxnent 1,196.723 7.244 1.739 350 8,075 1.127.557 20,363 1.895 343 10,687 20 410 1,025 215 661 410 1,02S 172 3,327 2,602 4.555 1.222,355 1,170.811 Finance Bank charges 717 759 Inforrnati¢Jn te¢hnology Repaits and rene￿L 0,775 7.370 Governance G05ts Auditots. remuneT2ti0n Auditots. remuner2ti0n lorrK)n oudit wrk Leg81 & ProfessK)nal Fees 6254 8.470 7214 3.132 7.900 7.674 21.938 18.706 Total resources exrÉnd 1.994.723 1 670.759 Net lexpenditureifincome b8foTe galns and losses 116,7931 101.505 Roalised rn¢ogn5sed gains and losses Realised gsinsllbssesl on inveSfr￿ftt pwerty 17.5 Net lexpenditur•Wincc>m 16.7931 119.￿5 Thi8 page does rntfc*m psrtclthe frHnaal statemerits P3ge 25