REGISTERED COMPANY NUMBER.. 09437405 (England and Wales)
REGISTERED CHARITY NUMBER- 1162083
Care & Repair Cardiff and the Vale
Gofal a Thrwsio Caerdydd a'r Fro
Care & Repair Cardiff and the Vale
Group Report of the Trustees and Consolidated
Financial Statements for the Year Ended 31 March 2025

Care & Repair Cardiff And The Vale
Contents of the Consolidated Financial Statements
for the Year Ended 31 March 2025
Page
Chairperson's Report
1102
Group Report of the Trustee5
3to14
Report of the Independent Auditors
15to 17
Consolid818d Slaloment of Financial Activities
18
Consolidated Balanoe Sheet
19
Consolidated Cash Flow Statement
20
Notés to th6 Consolidated Finanaal Stalemenls
21 1031

Care & Repair Cardiff And The Vale
Chairperson's Report
for the Year Ended 31 March 2025
As Chair ol Care & Repair Cardiff and the Vale. l arn pleased lo present this year's Annual Rewrt, marking
the end of 8nolher impactlul and successful financial year. 11 is also a milestone year for us as we approach
our 1 Oth 8nniversary early nexl financial year," which will mark ten year5 of unwavering commitment lo
supporting older people in Cardiff and the Vale to live safely and indep8ndelllly in their own homes.
I would like to expres5 my sincere thanks to our entire Board of Trustees lor their ongoing guidance and
governance over the past twelve months. I would like to thsnk Vanessa Mordin who retired from the Board Sn
2024. A( our AGM in October 2024. we were delighted lo welcome two new Iruslees.. Sleffan Evans. who
brings significant policy and housing expertise. and Chsnder Chadha. whose professional background and
Strateg￿ insight will be invaluable. Each new appointment strengthens our Board's abilily to guid& the
organisation with wlsdom, independence, and a deep understanding of the challenges and opportunities facing
our sector.
A special scknowledgment must go to our staff who once again, have gone above and beyond to support their
clients. Without their dedication and hard work. we would not achieve the outcomes and outputs that have
helped so many citizens across Caidiff and th8 Vale. My thanks to our Chief Officer, Richard Thom8s. whose
¢alm and consistent leadership has again ensured the organisalion has remained strong Ihiough periods of
uncertainty. I would also like to cornmend our senior management team., Julia Folland, Emily Laker. Craig
Beckett and Rebecca Thomas, along with our trading arrn managers Craig H8mmond, Laura Jenkins and
Jamie Williams. Their strategic coordination and operational delivery continue to uphold the standards of OLJr
ch8rily and social enterprise. My thanks also extend to Michelle Mancini and lan Bulltsck, our staff
reyesenlalives, lor ensuiing that staff voices remain central lo organisational discussions.
The 2024125 linanci81 y88r was not without challenge. Wè experienced prolonged delays in the confirmation
ofvilal capital funding, which placed short-term strain on fotward planr)ing and created understandable anxiety.
However, these delays, while outside our control, were met with characteristic resilience and professionalism.
l am pleased to report that all key funding streams were ultimately secured, including additional capital uplift,
which was a clear recognition of our outcomes-focused delivery and trusted repulath)n.
Despite these pressures, we rerllained operationally and financially robusl. Our teams worked tirelessly lo
ensure continuity of service lo dienls throughout the year. The introduction of new capital funding enabled us
to increase Qui delivery of home adaptations. furthei reducing risks of falls and hospital admissions. We a150
maintained our support to vulnerable clients through benevolent and hardship funding. including 1850uroe8
from Care & Repair Cymru, the Hill Snook Fund and many more.
This year also saw us continue lo Jead by example in ernploymenl practice. We beeame the first Care & Repair
Agency in Wales to be accredited as a Lwing Hours Employer, reinforcing our commitment lo fair and secure
working conditions for all our staff. This builds on our existing Living Wage accreditation and ensures
predictable income. fair notice of shift pattems and secure contract houis.
Our staff continue to show dedication, flexibility and compasslon in the support they provide. The success of
our hybrid worklng model and the ongoing effectiveness of our information, advice and pracliral services teams
highlight the strong culture we've fostered, one that balances innovation, wellbeing and performance. This
year, I had the opportunity to accompany one of our Caseworkers on a visit to one of our dients and observed
fir51h8nd the systems and processes they use. The dedicalion, professionalism and depth of knowledge shown
were exceptional. This experience offers valuable insight into the frontlin8 realities of our service and wll help
inform the Board's ongoing strategic direction and oversight.
Internal￿, we have maintained a strong focus on governance. The Board has ensured our strategic leadership
remains effective and responsive. The organisation ha5 also been preparing for future growth in line wilh the
nowly published Care & Repair Cymru Five-year Strale9y12024-20291, which will shape our long-tem locus.
Looking forward, while we have some financial slabilily, there will eontinue lo be financial and dernographic
pressures beyond this comlng financial year. However, l am eonfid8nl that we are well positioned, Our charity
and trading arm are aligned in theiT mission and delivery. We will continue lo deliver much need9d 8ervices,
innovate further, bnd deepen p8rtneiships with slalutory and voluntary stakeholders alike.
Page 31

Care & Repalr Cardlff And The Vale
Chairperson's Report
for the Year Ended 31 March 2025
Cardfff and the Vale remains one ol the largest and most trusted Cale & Rèpair Agencies in Wales. This is
di¥ecl resull of the exceptional people who work wthin our organisalian and the values we share. 11 remains
a privilege to serve as Chair. l am proud of everything we have 8¢hieved this year 8nd rernain oplirnislic for
what lies ahead. I would like to once again thank everyone across the organisalion, from frontline slafl lo
fellow ttustees. lor your contribution to this year's success.
re
rds,
Jay Sears
Chair
& Repair Cardiff and tha Val•
Page 2

Care & Repalr Cardlff And The Valtr
Rèport of the TrLF$lees
for thè Year Ended 31 March 2025
The Iruslees who are also directors of the charity lor the purposes ol Ihe Companies Act 20(b. present their
report with the financial statements ol the charity for the year ended 31 March 2025. The trustees have
adopted the provisions of AecoLJnting and Reporting by Charities.. St8temeMI of Recommended Practi
applicable to tharities pieparing theiiaccoijnts in accordanc8wilh the Financial Rewrting Standard applicable
in the UK and Republic of Ireland IFRS 1021 leffe¢tive 1 January 20191.
Who are we and what we do
Care & Repair Cardrff and the Vale Is a charitable org8nisalicyn that exists lo support okjer people in Cardiff
and the Vale of Glamorgan to live in safe, secure, warm and comfortable homes which suits them and their
lives and maximises Iheir independence. We provide a number of services that help older people Complete
repairs, improvements and adaptations to their homes, through the provision ol expert 8dvice, supw)rt and
practical assistance.
We help older people with works ranging from very small items such as the repairing of a small water leak or
the installation of handrails through to major jobs such as bathr(x)m conversions or replacing a roof. Key to
our success in delivering our seNices is our commitment to providing and deliver(ng holistic, pioblem-led
services that are tailored according to the individual needs ol older people.
Our Purpose
Our charitable purpose as sel out in in the objects contained in the company's articles of association is".
'for the public benefil, the reliel of those in need by reason of age in Cardrff and the va￿ of Glamorgan, In
particular but not exclusively by the provision of housing advice and supporv
Our Vision
Our vision is that all older people are able to live in safe. secure. warm and comfortable homes which sults
Ihem and their lives and maximises their independence. Our vision define5 how we want our organi5alion lo
be seen extemally by older people, partners and funders. It is what we constantly strive lo attain and il is our
reason for being, Our vlsion fts1￿ refleGls the PUTpc>se for which oui charity was sel up to further.
Our Mission
Our mission is lo support older people lo repair, adapt and maintain their homes. Our mission is what we want
to accomplish.
Our Value8
Our values are.,
Compasslon - Wè will providé servi¢es that tll8el the individusl needs of older people. We wll support
and help oldei people lo resolve their problems
A¢¢ount8bilily. We will lake our responsibilities seriously and be answerable lor our actions. We will be
clear about what w8 can and cannot do. We will provide information and explain what we did and why
Respect- We will listen to and be respactlul of the needs ol others. Wè will ask wh81 people think of our
plans
Excellence- We will strive to provide excellent services for older people. We will be dear about whats
important and what we do. We will continuously improv8 and leain frotn our 8uccess8s and our mistakes
Our values define what we sland for. they are our core rules. Our values explain the way we do what we do
and what people can expect from us as a customer, a partner or as part of our team.
Page 3

Care & Repair Cardiff And The Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
Ensuring our work delivers our purpose and aims
We have reviewed our aims, objectives a￿d 8Ctivitl8S and look8d al what we achieved and the oulcomes of
our work for the year ended 31 March 2025. This review looked at the success of our key activities and the
benefits they h8ve brought lo older people in Cardiff and the Vale of Glamorgan. The review h8s helped us
ensure our aims, objectives and activities remained focused on our stated puipo5e. We have referred lo the
guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims
and objectives and in planning our futLire activities.
The focus of our work
Our objectives forthe year revolved around supporting older people in Cardiff and the Vale of Glarnorgan
to live independenlly in safe. secure, warm and comfortable homes. To meet these objectives. we piovided a
range ol services that supported and helped older people to compl&te repairs, improvements and adaptations
to their homes.
During 2024r25 the charily also continued to develop ils soaal enterprise trading subsidiary, Care 8 Repair
Home Improvement Services Ltd {C&RHISI. C&RHIS exists to provide a range of high quality building works
lo support the work of Care & Repair Cardiff and the Vale and help the charity lo 8thièv8 Ils vision a8 well as
to diversify its income stream.
How our activities dellver public bènefit
Our main activities and who we try lo h81p are described below. All our ohariiable activities focus on supporting
older people lo live independenlty in safe, secure, warm and comfortable homes and are undertaken to further
our ¢hatilable purposes for the public benefit.
Obje¢tive8 and aims
Who used and benèfited from our services
Our obj8Cts limit the services we can provide lo those older people living in Cardift and the Vale of Glamorgan.
In Cardiff and the Vale ol Glamorgan, many ohjer people live in properties that are in disrepair requiring basic
andlor urgent repair. Furthermore, many dwellings contain polentl81 risks lo health and wellbeing ol older
peop￿, particularW risks from excessive cold or falls. Old81 p8ople are a very diverse group and their
requirements are not homogenous. Their needs can be varied and cornplex. However, the vast majority of
older people stale they want lo remaln living indepondenlly within their own homes lor as long as possible.
In C8Tdiff and the Vale of Glarnorgan, it is estimated that there are 168,529 older people aged 50 years and
over living in the region or some 34°/o of the total population {Source.' ONS CensLJS 2021 Datal. Our funding
limits the number of oFder people we can help and we experience consistent high levels of demand for our
servI￿s. As such, priority is often given based on an older person's Age, ClTcum8lances and Ihe nature of their
housing issue.
Older people are inlggral mornb8rs of the comrrunities in which they INe. By providing seNices that help older
people to address housing issues as well as other needs, we are able to help make their home5 rnore w8rm,
comfort8ble, safe and secure places lo Iwe. This in turn helps them to maintain their independence as well as
helps Ihern to'stay pul. in their homes and communities. This is what older people want. Th9y do not want to
move unless they absolutely have to. They want to remain in their homes and in the communities in which
they live lor as long as possible.
The main areas of our tharftable actlvlties are the provision of our casewoTk and technical service and our
practi￿1 services. These adivilies ale described below,
Page S

Care & Repair Cardiff And The Vala
Group Report of the Truste&s
for the Year Ended 31 March 2025
Casework and Technlcal Service
The caseworf( and technical serviee piovide5 expert advice, information and support lo oldei people to help
them complete repairs. improvements and adaplalions to their properties. Funded prim31ily by the Welsh
Goverllrnenl Home Improvernent Agencies Programme grant, Managing Belter grant and Older not Colder
grant the seNice employed 20 full time and part lime staff during the periLxl 1 April 2024 to 31 March 2025.
The casework and technical service ¢ombinos social care relat￿ individual assessment Ènd values linked lo
dignity, care and respect, to the technical expertise required for managing building work. 11 Is a cilizen-centred
and problem-led service that is based on a visit to the older perstsn's home. As Such il relates a human
assessment lo a technical assessment of the lived environment, to piovide a personalised package of home
improvement. The objective r8 to support the oldei person's choice lo remain living in their own hotnÈ and in
their own community lor as long as they are 8ble and chose to do so.
The casework and technical service can assist older people with sourcing funding for necessary works, for
example from granls,108ns. trusts and charities, etc, as well as provide welfare benefits, energy efficiency and
home safely advice. The service provides expert technical advice and support lo older people, for example
advising on the need for and the extent of repairs, improvements and adaptations,. the potential cost of woik.,
assisting wih the pmvision of sehedules ol work.. undertaking tendering procedures from lists of appToved
builders,. providing clerk of works service, site visits and inspections and offering advice on completion.
We involve beneficiaries directly in the delivery of the service they reeeivo by ensuring it is tailored according
lo their needs. lthen we visit an older person, our service listens to what an older person wants and needs
and then puts together a package with support to make 11 happen. This is flexible, so th2t rf an older person
does not agree with anything suggested, or il Iheii needs ¢hange, the seNices to them change as well. A8
such, the service is able to recognise the diversity of needs ol the individual and therefore tailor the servi
speafically lor them. Sotne older people rnay just want to be provided with information on options available lo
them and will decide the way fonvard Ihernselves and take action accordingly. Others will want greater
8ssislan¢e and support to access and progress options.
Practical Services
The practiG31 servic8s provid8 SUPPOrt lo older people to help them complete small-scale adaplalions and
repairs to their properties. Funded primarily by the Welsh Government Rapid Response Adaptation
Pro9ramme, the Housing with Care grant. Enable grants and fe& incorlle from delivering the Cardiff Council
Preventative Servitss Contract, the service ernployed 6 full lime and part time staff during the period 1 April
2024 10 31 March 2025. as well as works with the charity's social enterprise and a number of local specialised
contractors.
Thè pradieal senrice provides an effective and efficient, minor adaptation and repaiT service for older people.
The service supports older people lo accelerate discharge froin hospital to 8 safe and comfortable home.,
prevent inappropriate hospital admission,. promote the well-being af the individual,. increase and itnpiove the
individual's ability lo maintain an independent lifestyle., r8duc8 care packages. The objectives are to reduce
delayed transfers of care and tackle preventable accidents within the home, whid) may re5uII in an
unnecessary hospit81 admisslon.
The pr8cIic81 service can assist okler people with a wide range ol small scal8 adaptations and repairs works
such as installing grab rails, hand rails. stair raiL%, keysafes, etc, Works are either delivered by staff working in
the charity or the trading subsvjiary or by local speclalised ¢onlra¢tors.
During 2024125, the eharity continued to deliv8r the Preventative Servi￿$ Cardiff Council contract. This
contract expands upon the range and scale of the practical services provided by the charity as il involves the
provislon and insl8llation of minor adaplalions including hand and grab rails., small rarnps,. s18ir rails., a51erations
lo steps,. external rails and repairs lo specialist equipment, etc. The objective for this type ol assistance is to
ensure that older, vulnerable service users receive the required low-level preventative interventions, repair or
replacement of defective adaptations lo assist them maintain their independence in their home environments.
P8g8 5

Care & Repair Cardiff And The Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
How we promote our actlvltles
We have a communication strategy in place which seek5 to ensurè that our $8tvices are accessible and
equitable to all older people wthin Cardiff and the Vale of Glamorgan.
Our setvices are made 8v8ilable through protTK)tion lo older people. We attend and actively take part in
publi¢ily events aimecl al older people to ensure details of its services are disseminated as far as possible. We
make every effort to make information about our services available in placeswhere older people access a¢ross
the region and in the lorrnal that makes it accessible for them. Our statutory, health and Ihird sector partners
also carry up to date information that promotes our services.
We hav8 bilingual illformalion and in line with our Welsh Language Scheme both promote the Welsh language
and make service access available through the medium of Welsh. We use a vèriely ol mèthod5 to support
effective communication with Minority Ethnic communities including using interpreter5. We use a variety of
methods to support effective communication with clients with hearing loss including using sign language. We
gularly review and analyse client spatial patterns lo target promotional activities to Communities that are
stabstically underrepresented. We have been developing our online presence through our website and social
rr￿dia profi￿s. so our clients and referrers can easily access up lo date information our services as well as
olllact us electronically.
Full details of how we prornote our services are contained in the charity's Communication Strategy.
Page 6

Care & Repair Cardiff And The Va18
Group Report of the Trustees
for the Year Ended 31 March 2025
Achlevemènts and Performance
Revr8w of our key achievements and performance
Our key achievements and performanc& during 2024125 can be summarised 8s follows..
Aims
To provKle
Casework and
Technical
service Ihome
Target
Helped 4,000 older people, ol
whKh".
Progre5S
We have provided a Casework and Technical
sewice in Cardiff and the Vale of Glamorgan
and provided solutions that have improved the
Independence of older people. We have..
helped 4.209 older people
visited 1,210 older people and provided s
healthy home assessment. tailoring a service
to their individu81 needs
mpleted 735 telephone based healthy home
assessments of the needs of older people
provided housing informBtion and advice lo
2,264 older people
1,200 older people receiving a
'healthy homes che¢k' horne visit
8ssessmenl
problem-led,
person-¢enlred
aThl individual
tailored)
800 older people receiving
'heatthy homes check, telephone
based assessment
2.Crt)O older people receivino
housing informalion and advice
2,5000 work items completed
totalling £1.000,000 in valu8
To address
home hazards in
the horne and
reduce the risks
lo the wellbeing
ol older people,
allowng Ihern to
live in comfort,
safety & 5ecuiily
In providing outcomes that impmve
independence and reduce the risk to health &
wellbeing, we have..
completed 1,979 works tolalling £1,023,695 in
value
have raised charitable monle5 sUPPOrt of
home improvement for 150 older people at a
value of £77,712
increased income for 215 older people al a
combined value of £1,023,695 per annum
1(Xl 0￿er people will recewe
help lo access benevolent i
Gharitable funding totalling
£40,000 to support the costs of
works
150 older people will have thei
incomes incieased by £600.000
pw annum in total
To ensure our
services are
high standard,
rneel the
individual needs
of the older
people we serve
and support
their
independence
90¢/0 of older people feel that
their wellbeing and
independence had been
improved
Feedback from the okler people thal our
CasewoTk and Technical service helped
indicates..
'fell their independence and wellbeing
had been improved,
1 OOQ/o would'reoornmend our setvices to
others,
100/0 said'they were satisfied wilh the
standard of works completed in their home$,
90¥0 of oldei people would
recommend the Agency
of older people satisfied
with the standard of works
completed
Page 7

Care & Repalr Cardiff And The Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
Achievements and Performance- cont'd
Review of our key achievements and perforniance- cont'd
Alms
To proV￿e a
practical works
service
Target
5,500 small adaptation works
completed
Progress
We have facilitated a rapid response, small
adaptation and minor repair scheme for older
people in in Cardiff and the Vale of Glarnorgan.
in partnership with Health and Social S8tvice8.
Our piactical service has..
completed 5,743 works totalling £1,016,892 in
value
works were completed in aver8g8 of 12 days
83QA ol works completed in largel timescale
909￿ of works completed in
target limesc8le (less than 21
days)
To ensure our
practical
services works
effectively to
rneel the
objectives of
sale hospital
di%charge and I
or prevellling
hospital
admissions
To ensure our
services are
high standard,
meet the
individual needs
of the oldèr
people we serve
arKI support
800 practical works supported
sale hospital discharge
Our completed works support9d..
a safe hospital discharge in 1,117 instances
improved safety and security 2nd ￿MOVed or
reduced hazards in the home enviTonmenl in
4,871 instances
4,700 practical works rernoved
or reduced hazards in the home
environment
90¢A of older people satisfied
wth the appointed Handyperson
I contractor le.g. quality of work,
tidiness. timekeeping. etcl
Feedback from the older people that our
practical service has helped indicate5'.
100 /0 were satisfied with the appointed
HandypeT50n I contractor
100 /0 would recommend our se￿l¢e$ lo
others
1000la agreed they felt more confident and
independent
900A of older people would
recommend the Agency
gOOh of okler people who agreed
that they feel more confident and
independent
independence
To provide an
efficient seNi
lo deliver Ihe
Prevenlalive
Services
contract
effectively
WoTks completed In target
limescale120 working days)
We have".
completed 1,755 Safety al Home works
works were completed in average of 48
working days
Page 8

Care & Repair Cardiff And The Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
Feedback from older people
Feedback from older people that we have helped highlight5 how the services we provide has made a real
difference. Older people tell us that as a resutt of our aclwrties. they feel safer, more confident, more warm
and more secure undertaking their daily 8clivilies in their homes. Overall. 99°/0 of older people fell rnore able
to remain living in their own homes with in¢re8sed independence and wellbeing as a result ol our aclivibes
(figures obtained from 862 returned client satisfaction surveys between 1 April 2023 31 March 20241.
Feedback from our ongoing engagement with older people helps us lo continuously improve and develop our
services to ensure they are ol a high quality and Meet the needs of those who use us. Across our services,
100 /0 of older people said they would recommend us and lo￿/¢ were satisfied with the works they had done.
Review of financial position
During the period in review, the group received £3,834,082 in lolal income and spent £3.759,285 in lotal
expenditure.
Principal funding sources
The principal funding sources for the charity during the period in review were by way ol grant from Welsh
Government, Cardiff Council, the Vale of Glamorgan Council. Cardiff and V81e UHB. 8rEd National Grid Energy
Distribution, as well as income earned through the delivery of the Prevenlalive Setvices contract 2nd other
seNices. The charity also recewed funding from restricted income on behalf of clients,. incorTre from works
undertakÈn.' and donations.
The funding received was used in furtherance ol the objedives of the charity to support older people in Cardiff
and the Vale of Glamorgan to live independently in sale, secure. wam and comfortable hornes through the
provision of a range ol services that helped older people lo cotnplele repairs, iwprovements and adaptations
to their homes.
Like many organis81ions operating in the not for profil seclor. our charity faces a number of cha118nges and
Changes over the coming year. One of our key risks surrounds financi81 sustainability. To address this risk, the
charity has established a soaal enterprise trading subsidiary Ihal is generating income through undertaking a
variety of buildingworks. Thecharity is also looking al seeking funding from a wider rarKJe of potential providers
who would be willing to support our objectives.
Reserves Policy
The level of reseNes that Care & Repair Cardiff and the Vale needs to hold is an important part of our financial
management and financial planning strategy. The trustees have examined the Charity's requirements for
reserves in light of the main risks lo the organisation. Based on this analysis, the trustees have developed a
reserves policy and have calculated that the charity needs to hold £800,000 in reserves to manage cash flow,
¢onlinuily and liability risks as well as any emergency expendrture and monies for expansiori of services.
As at the 31 March 2025, the group held £854,607 in unrestricted general reserves. The trustees have agreed
to use the excess level of reserves to develop and enhance services I works for older people during the
forthctsming year.
The Group 3180 hold$ live re51ricled funds. These are the cl￿nt fund £4.382'. the Hardshlp fund - £23,233.,
the Electrical Safely Fund - £10,000,. the WRRF fund- £142,883., and the reserves ol the subsidiary - £0. As
al the 31 March 2025, a total of £180,498 was held in the restricted funds. FuMd5 in the client fulld are funds
held cn behalf ol specific older people for payment of works. Funds in the hardship fund are held on behaK of
any older person requiring emergency assistance as deemed appropriate by the charity. Funds in the electrical
safely fund are held on behalf of any older person requiring support with electrical works as deemed
appropiiale by the charity. Fu￿5 in th8 IhRRF fund 8re funds held specifically to provide servlces for older
people that are deffned as eligible by the Independent Living Service at Cardiff Counal. Funds hekl from the
subsidiary iepi8senl th8 amounts generated that are to be spent on Ihe activilies of the subsidiary.
Page 9

Care & Repair Cardiff And The Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
Plans for the Future
We plan to conlinue delivering our casework and technlcal servlce and our practical services over the
forthcorning year5. During 2025126 we will consolidate 8nd irnprove the provision and delivery of our existing
services lo our cli&nts. We will continue to grow and develop our so¢ial enterprise trading subsidiary. We feel
that this will enable us to provide a better service to older people as well as provide an oppotlunity to generate
income for the charity. We will continue to deliver the Cardiff Council Preventative Service Framework contract.
We will deliver the National Grid Energy Distribution Affordable Warmth contract. We will also explo￿ options
to provide new and innovative services where appropriate. For example, further developing our Handyperson
seNice to undertake more small repairs and 'odd jobs. works.
All of our proposed activities for the future focus on supporting and helping older people to repair. adapt and
rnainlaim their homes so as they are able lo live in safe, secure, warm and comfortable homes which suits
them and their lives and maximises their independence. As such, our proposed acliviues address the needs
of the communities and clients we serve and fully reflects the purpose for which our charity vms sel up lo
further.
As we go into the next financial year. there are a number of significant challenges which aTe likely lo impact
on us as a charity including uncertain grant funding and potential loss of key local funding streams. We will
review our p18ns and finances on a regular and oDgoiy)g basis to try and mitigate any developing risks that
could impact on the charity and on our provision of services.
Governing document
Care 8 Repair Cardiff and the Vale 15 a charitable company limited by guarantee, incorporated on 12 February
2015 and registered as a thaTity on 9 June 2015. The company was established under a Memorandum ol
Association and is govemed uniler its Articles of Assorialion. which outline the objects and powers of the
charity. In the event of the company being wound up. the liabilily of the members is limited to a sum not
exceeding £1.
Recruitment and appointment of new tNstees
The directors of the company are also charity Iruslees for the purposes of charity law. All Iruslees give their
lime voluntarily and receive no benefits from the charity. Mr J Wroe, Mr M Thomas, Mr M Cuddy and Mr S
Kelly were the subscribers of Care & Repair Cardiff and the Vale's Memorandum of Assoeiation and were
appointed a5 the first directors of the company on the 12 February 2015. All ol the directors are members of
the Board of Trustees.
Mr Jay Se8TS Was appoillled by the other Iruslees to ad as Chair of the Board of Trustees on the 18 October
2023.
As al the 31 March 2025, the d1￿CtorS and trustees of Care & Repair Cardiff and the Vale were Mr M Cuddy.
Ms D Rosser. Ms O Lyons. Mr J Sears, Mr Wvaughan, Mr C Chadha and Mr S Evans.
Page 10

Care & Repalr Cardiff And The Vale
Group Report of the Truslees
for the Year Ended 31 March 2025
Objectives and activities
structure, Governance and Management
Onethird ol the trLJslees mustthen retire from office at each subsequent annual general meeting. The minimum
nurnber of trustees is four. The charity rnay by ordinary resolution appoint a person who is willing to acl to be
a Irusle8.
Trustee induction and training
Potential trustees are invited to observe at meetings of the trustees.
New trustees are invited to meet with the Chief Officer of Care & Repair Cardiff and th8 Vale lo familiarise
themselves with the charity and the context within which it operates. Thi5 Meeting covers the obligations of
trustees,. the main documents which sel out the operational framework forlhe charity., the aims, objectives and
activities of the charity,. funding and the latest budget position., p8rfoitnance,' and future pEans and objectives.
A copy of the charity's Articles of Assoc48tion and the Charity Commission s guide 'The essential ttustee, Is
provided lo new Iruslees alomg with links lo all the other guidance and infomation held on the Charity
Commission's website.
Organlsational structure and how the charity makes decisions
C8r6 & Rèpair Caidiff and the va￿ ha8 a Board of Trustees who meet at leasl quarterly and are responsible
for the strategic direction and policy ol the cttarily. As at the 31 March 2025, the Board of Trustees was
comprised of sevell trustees from a variety of backgrounds relevanl lo the history and the work of the Gharty.
The trustees are responsible for ensuring that the ch8rity is cairying out its purposes for the public benefit as
well as ensuring perfomanee and financial aceounlabilily., foTmulating policy and gaining foresight,. strategic
thinking.. and supervising management.
A scheme ol delegation is in place and day to day responsibility lor the managemènt of the Chaiity iests with
the Chief Officer along with the Operational Manager, Senioi Cas8workei. Senior T￿hnical Officer and Senior
Administrator. To facilitate effective operations, the management 18am has delegated authority, within terms
of delegation approved by th8 Irus188s, foi operalional matters including finance and performance related
aclwrty.
The Chief offi￿[. Operational Manager. Senior Caseworker, Senior Technical Offic8r and Senior
Administrator attend meetings of the Board of Trustees but have no votlng Tights.
Arrangement5 for setting pay and remuneration of stsff
W8 hav8 8 recognised and Iransparanl pay scheme which is reviewed on a regular basis. Salaries for all slaff
roles are reviewed against comparator national, regional and local organisations 8nd this informaliom is used
lo establish a median benchmark salary for each of the staff roles. On an 8nnual basis, the trustees will
determine whether any cost of living awaid should be applied to staff salaiies. This cost of living award is
benchmarked against pay increases for workers In the Care & Repair movement andlor in the public and third
seetorlsl and if awarded, is applied from the beginning of the next financial year.
Relationships with related parties
In Ihe pursuit of our charitable objectives, the charity is guided by btsth national and locAtr slralegi¢ and policy
contexls lor older people and housing, health, social care and well-being. Furthetrnore, the charity works in
partnership and co-operates wilh a variety of national and Ioc81, slalulory and non-stalutory organisalions.
Page11

ca￿ & Repair Cardiff And The Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
Risk Management
Risk plays an everyday part ol Gare & R8pair Cardiff and the Vale's aclivily. Managing risk effectively,
therefore, is essential if the charity is lo achieve its key aims and safeguard ils funds and assets. The trustees
have given consideration lo the major risks to which the charity is exposed and are satisfied that systems or
procedures are established in order to manage those risks.
The Iruslees have d8veloped a risk rvanagemgnl strategy which cornpriseg..
lil regular quarterly reviews of the piincipal risk8 and uncertainties that the charity fa￿S
lill the establishment ol policies, systems and procedures to mitigate those risks identified in the quarterly
review
liill the implementation of procedures designed to minimise or manage any potential imp8cl on the tharily
should those risks mateiialis&
This process has identified that the long terrn financial sustainability and health and safety managernenl are
the major risks facing the charity.
sks associated with long term financial sustainability are being managed through the charity's plans ft>r
income generation, income diversification and gmwth strategy as well as through the 8pplication of the
reserves policy. This comprises continuing to develop the charity's social enterprise trading aim that will
generate income through undertaking a variety of building works., seeking funding frorn a wider range of
potential providers who would be willing to support our objectives., and rnaintaining the level of unreslricled
general reserves required.
Risks associated with health and safety management are being managed by ensuring the charity complies
th HSE law and iegulalions," ha5 robust health and safely policEs and procedures in place." regularly ieviews
risk asse55ments relating to heahh and safely., provides 8ppropiiate PPE,. has regulaT health safety
awareness training for staff and Maintains ils Safely Scheme8 iri Procurement {SSIP) accredilalion.
Governing document
The chaiity is controlled by ils goveming document. a deed of trust. and constitutes a limited company, limited
by guarantee, 8s defined by the Companies Act 20￿.
Page 12

Care & Repair Cardiff And The Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
Reference and administrative detalls
Registered Company number
09437405 {England and Waltrsl
Registered Charity number
11e2083
Reglstered office
Tolven Court
Dowlais Road
Cardrff
CF24 5LQ
Reference and administrative details
Trustees
Mr M Cuddy
Ms D A Rosser
Ms O Lyons
Mr J Sears
Mr Wvaughan
Mr C Chadha
Mr S Evans
Audltors
Menzies LLP
Statutory Auditors
51h Floor, Hodge House
114-116 Sl Mary Street
Cardiff
CF101DY
Page 13

Care & Repalr Cardiff And rhe Vale
Group Report of the Trustees
for the Year Ended 31 March 2025
Statement of trustees responsibilities
The trustee5 (who are a150 the directors of Care & Repair Cardiff And the Vale for the purposes of company
lawl 8re ￿sponsIble for prep8ring the financial statements in accordance with applicable law and United
Kingdorn A￿ountIng Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare finanoial statements for each finanaal year which give a true
and fair view of Ihe slate of affairs ol the charifable company and of the incoming resources and applicalion of
resources, including the income and expenditure, ofthe charitable company for that period. In preparing those
linanaal slalements, the Iruslees are requiTed to..
select suitable accounting policies and then apply them consistently.,
obsetve the methods and principles in the Charity SORP.,
make judgements and estimate5 that are reasonable and prudent.,
state whether applicable accounting standards have been followed. subject to any material dep8rtuies
disclosed and expL41ned In the financial statements.,
prepare the Iinancial slalemenls on the going concern basis unless it is inappiopri8le lo presume that the
Charitable company will continue in business.
The trustees are responsible for keeping pr(>per accounting records which disclose with reasonable accuracy
at any time the financi81 position of the ch8ritab18 company and to enable them lo ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence lor taking reasonable steps for the prevention and detection of fraud and
otheT irregularities.
In so far as the Iruslees are aware..
there is no relevant audit information of which the charitable company's auditors are unaware., and
the trustees have taken all steps that they oughlto have taken to make themselves aware ol any relevant audll
information and lo establish that the avditors are aware of that information.
Auditors
The audilors, Men2ies LLP, Statutory Audilois, will be proposed for re-appoinlment at the forthcoming Annual
General Meeting.
Report of the Iiusleg5. incor
company dire¢lor$
alin
astr
c report, approved by order of the board of Iiuslees, as the
and signed on the board's behalf by..
Jay Sears- Chair
Page 14

Report of the Independent Auditors to the Members of
Care & Repair Cardiff And The Vale
Opinion
We have audited the financi8151atemenls of Care & RepaSr Cardlfl And The Vale (the 'parent charitable
company'l and its sub8idiary for the yeai end9d 31st March 2025 which wmprise the Statement of Financial
Activities, the Balance Sheet. the Cash Flow Statement and notes to the financial statements, including a
summary of significant accounting policies. The financial reportillg framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial stalemenls..
gnie a Itue and fair view of the state of the group's and parent Charitable company's affairs as at
31st March 2025 and of its incorning resources and application of r9souroes, induding ils income and
expenditure, for the year then ended.,
have been PToperly prepared in accordance with United Kingdom Generally Accepted Accounting Practice..
and
have been prepared in a¢cordance with the requirernenls of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and
appI￿able law. Our responsibilities under those standards are further described in the Auditors, responsibilities
for the audit of the financial Statements section ol our report. We are independenl of the charitable company
in aocordance with the ethical iequirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our olhei ethical responsibilities in accordance with
these requirements. We believe that the audit evidenoe we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have concluded that the truslees, use ol the golng concern basis of
aocounling in the preparation of the financial statements is appropriate.
Based on the work we have perforrned. we have not identified any material uncertainties relating lo events or
conditions that, individually or colledivdy, may cast signrficant doubt on the charitable company's ability lo
continue as a going Concern for a period of al leasl fv4elve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with resp8Ct lo going concem are desuibed in the
ielevant sections of this report.
Other inforfflation
The Iruslees are responsible for the other information. The other infomation Comprises the information
induded in the Annual Report. other than the lin8nci81 statements and our Rewrt of thè Independent Auditors
thereon.
OUT opinion on the financial statements does not cover the other inlomialion and, ex￿p1 lo the extent
othetwise explicitly slated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial slalemenls, our responsibility is lo read the olhei information and.
in doing so, consider whether the other infomialion is materially inconsislenl with the financial slalements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. 11 we identify such
material Inconsistencies or apparent material misstatements, we are required to determine whether there is a
material misstatement in the financial statements or a material misstatement of the other infom)ation. If, based
on the work we have performed, we conclude that there is 8 material misstatement of this other information,
we are required to report Ihal fact. We have nothin9 lo report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial slatemenls,. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 15

Report of the Independent Auditors to the Members of
Care & Repair Cardiff And The Vale
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the chaiitable company and ils envimnrnenl obtained in the
course of the audit, we have not identified material misslalernenls in the Report of the Trustees.
We have nothing lo report in respe¢l of the following matters where the Companies Act 2006 requires us to
report lo you if, in OUT opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been received
from branches not visited by us., or
the financial slalements are not in agreement with the accounting records and returns". LY
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we requ1￿ lor our audit.
Responslbllitles of trustees
As explained more fully in the Slalement of Trustees, Responsibilities, the trustees (who ar6 8150 the directors
of the ch8rilable cornpany for the purposes of company lawl ore responsible forthe prep2r8tion ofthe finan¢i81
5t8temenls and for being satisfied that they give a Iiue and fair view, and for such intern81 control as the
trustees determine is ne￿$sary to enable the prepar81ion of finanaal statements th81 are free from material
misstatemenl. whether due to Ir8ud or error.
In preparing the finand81 slalemenls, the trustees are responsitAe for assessing the d)aritable company's
ability lo continue as a going concern. disclosing, as applicabl8. rnatters related lo going concern and using
the going concern basis of accounting unless the trustees either intend lo liquidate the eharÉtabl8 company or
lo cease operations, or have no realistic alternative bul lo do so.
OLsr responsibilitles fortht audit of the financial statements
Our objects'ves a￿ lo obtain reasonable aSSuTall￿ about whether the financial slalernenls as a whole are free
from material misstatement, whether due lo fraud or error, and to ISSU8 8 Report of the Independent Audrtors
that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that 8n
audit conducted in awordance with ISAS IUKI will always delect a material misstatement when il exists.
Misstatements can arise from fraud or etror and are considered malerial if, individually or in the aggregale.
they could reasonably be expected to influènce the economic decisions of useT5 taken on the basis of these
financial slalements.
Irregularities, including fraud, are instances ol non-compli8n¢e with laws and ￿gUlatiOnS. We design
procedLEres in line with our responsibilities, oullined above, lo delect material misslalemenls in respect of
irregularities, including fraud. The extent lo which our procedures are capable of deleding irregularities.
including fraud is detailed below..
The extent to which our procedures a￿ capable of detecting irregularities, including fraud is detailed below..
Our planning PTocedures identify the legal and regulatory frameworks applicable to the operations and finaneial
statements of Ihe group. These are reviewed internally with the audit team including relevant industry
experience and expectalions as well as exiefnally with the dienl rnanagement. The key18ws and regulations
we considered im this context were the Companie5 Act 2006, Charities Act 2011 and relevant tax legislation.
Once identified, we assess the risks of material misslatements in relation lo the laws and regulatic¥)s,
irregularities, induding fraud and adjust our testing accordingly. OLJr audit procedures include..
Discussing with Trustees and management which areas of the business they believe to be tnore
susceptible lo fraud, and whether they have any knowledge or suspicion of fraudulent aetivilies..
Ob18ining an understanding of the key controls pul in place by the group to address risks
identified, assessing the effediveness of those and discussing how these are maintained and
rnonilored internally..
Assessing the iisk of m8n8gemenl override and review and testing of joumal enlries made into
the accounting system,
Discussing with Tiustees and management the legal and regulatory obligaliolls of the business
and whether they have any knowledge or suspicion ol non compliance.
P8ge 16

Report of the Independent Auditors to the Members of
Care & Repair Cardiff And The Vale
Desptte the audit being planned and conducted in accordan￿ with ISAS IUKI there remains an unavoidable
risk that material misstatements in the financial slalemenls may not be detected owing to inherent limitations
of the audit. and that by their very nature. any such instances of fraud or iiregulaii158s likely involve collusion,
forgery. intentional misrepresentation. or the override of intemal controls.
A further description of our responsibiliti85 for the audit of the financial stalements is located on the Financial
Reporting
Council's website at www.frc.org.uklauditorsresponsibililies. Thls d&seripllon lorms part of our Report of the
Independent Auditors.
Use of our report
This report 15 made solely to the charitable ¢ompany's members, a5 a body, in aecordance wilh Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has be8n undertaken so that we might stale to the
charitable wmpany's members those matters we are required lo slate lo them in an auditois, report and for
no other purpase. To the fullest extent pemiitled by law, we do not accept or assume iesponsibility to anyone
other than the charilable company and the charitable company's members as a body. for our audit work, for
this report, or for Ihe opinions we have form8d.
Vic
oria C8rteT (Senioi Statutory Auditor)
for and on behalf of Menzies LLP. Statutory Auditors
51h Floor, Hodge House
114-116St Marystreet
Cardiff
CF10 1DY
Date..
lol ￿z.5.......
Page 17

Catt & Repair Cardiff And The Vale
Consolidated Statement of Financial Activities
Ilncorporating an In¢ome and Expenditure Accountl
for the Year Ended 31 March 2025
2025
Restricted Total funds
funds
2024
Total funds
Unrestricted
fund
Notes
Income and endowments froTn
t)onations and legacies
Charilable activltles
Care & Repair
16,985
16,985
14.898
2,415.245
1,382,802
3,798,047
3,781,006
Investment Income
Other income
13,675
5,375
13,675
5,375
17,823
3,033
Total
2.451.280
1,382,802
3,834,082
3.816,760
Expènditure on
Ralsing funds
Charilable actlvlt18S
Care & Repair
2 234 703
1,524,582
3,759,285
3 764.788
Total
2,234,703
1,524,582
3,759,285
3.764,788
Net incomellexpenditurel
Transfers b8tween funds
216,577
1161,8371
1141,7801
161,837
74,797
51.972
Reconciliation of funds
Total funds brought fokward
799,887
160,441
960,308
908,336
Total ftrnds carried foNard
854,607
180,498
1,035,105
960,308
Continuing operations
All income and expenditure h8s arisen from continuing 8clivilies.
The notes form part of these financial statemènts
P8ge 18

Care & Repair Cardiff And The Vale
Company Number.. 09437405
Consolidated Balance Sheet
At 31 March 2025
Group
Charity
2025
2024
2025
2024
Notes
Flxed Assets
Tangible Fixed Assets
Investments
fjo
43.676
433,(r26
43,676
433,026
319,351
319,351
Current assets
Stock
Debtars
Cash al bank
12
13
59.992
268.764
473.026
68.918
317.211
447.380
462,481
31g 333
469,305
347,042
801,782
633.509
781,814
816,347
Credito
Amounts falling due within one year
14
1243,379)
1192.5521
{223,4111
1175,3901
Net current assets
558,403
640,958
558,403
640,958
Total assèts lass cuffollt liabilitie8
960,308
960,308
960.308
960,308
Net assèts
1035 105
960 308
1035,105
960.308
Funds
UnreslriGtfjd funds..
Parent
Subsidiary Company
RestriGled funds..
Parent
Subsidiary Company
16
854,807
799.867
180,498
160,441
Total funds
1035.105
960 308
In accordance wilh Section 444 01 the Companies Act 2(X)6. the Income Statement has not been delivered.
The financkal statements were approved by the Board of TtU5tees on 22 Odober 2025 and were signed on its
behaw by..
Jay Sears - Chair
Th8 notes form part of these fin8nci81 statements
Page 19

Care & Repair Cardiff And The Vale
Consolidated Cash Flow Statement
for the Year Ended 31 March 2025
2025
2024
Notes
Cash flows from oporatrng activities
Cash flows from operating activlties
Cash generated from operations
19
173116
75,994
Nel cash provided by operatino activities
173,116
75,994
C88h flows from Investing activities
Purchase of fixed assel investments
Purchase of fixed assets
1100,0001
47,470
117,8231
N81 cash {used inllprovided by investing activities
{147,4701
17.823
Change In cash and Cash equivalents
In the reporting period
Cash and cash equivalents at the
beginning of the reporting period
25,646
58,171
447,380
389,209
Cash and cash equivalent5 at the end
of the reportlng pèriod
473,026
447.380
The notès form p8rt of these financial slalements
P8g8 20

Care & Repair Cardlff And The Vale
Notes to the Consolldatèd Flnanclal Statements
for the Year Ended 31 March 2025
Accounting policies
Basis of preparlng the financlal statements
The financial statements ol the charitable group, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charilies SORP IFRS 1021 'Accounling and Reporting by
Charities.. Statement of Recornmended Practice applicable to chaiities preparing their accounts in
accordance with the Financial Reporting Sl8lldard applicable in the UK 8nd Republlc of Ireland IFRS
1021 leffeclive 1 January 20191., Financial Reporting Standard 102 Yhe Financial Reporting Standard
applicab￿ in the UK and Republic ol Ireland, and the Companies Act 2006. The financial slalemenls
have been prepared under the historical cost convention.
Basis of consolidation
The consolidated stalements of the Group incorporate the financial $181emenls of Care & Repair C8rdiff
and the Vale and its subsidiary undertaking, which is made up lo 31 M8r¢h 2025. No separate cowpany
Statement of Financial Activities ISOFAI has been prepared lor the Charity as permitted by section 408
ol Ihe Companies Act 2006 and paragraph 24.37 of the SORP.
Subsldiary undertaklng
The chafily has a subsidiary, Care & Repair Horne Impiovemgnl Services Ltd. company numbèr
10541156, a company limited by guarantee which is incorporated in the UK and based al the s8me
registered office as ils parent. Care & Repair Cardiff and the Vale h85 ￿ntrOl over the subsidiary by
way of its Board and Trustees. The results for the year ending 31 March 2025 were lumover of
£1,832,041, expenditure of £1,431,512 giving profit of £201.529. During the year. the subsidiary
don8led ils taxable profits of £201,529 as grft aid whith has subsequently been eliminated on
consolidation.
Income
Donations are recognised where there is entitlement, ￿rtainlY of receipt and the amount can be
measured with sufficient reliability.
All income is recognised in the Statement of Financial Activitie5 On￿ the charrty has entitlement to the
funds, it is probable that the income will be re￿iVed and Ihe amount can be measured reliably.
Any funding streams which incorporate both a grant and loan element will be apportioned in line with
the underfylng agreement.
Deferred income represents amounts re￿iVed for future periods and 58 released lo incoming resourcès
in the period which il relates lo.
Expenditure
Liabilities are iecognised as expenditufe as soon as there is a legal or constructive obligation
commilling the chaiily lo that expendiluTe, il is probable that a transfer of economic benefits will be
required in settleinenl and the amount of the obligation can be measured reliably. Expendilure is
8¢¢ounled lor on an accruals basis and has been classified under he8dings Ihat aggregate 811 cost
related to the category. Where costs cannot be directly attributed lo particular headings they have been
allocated to acliwlies on a basis consistent with the use of resources.
Inv8stment#
Investments have been classified as fixed asset investm&nts and are measured at tnaikel value at the
balance sheet date. Any gains and losses on Te-measuremenl are recognised in the profil or loss for
the period.
Stocks
Stocks are valued at the lower of cost and nel realisable value, after making due allowance for
absolete and slow rnoving iterns.
Page 21

Notes to the Consolldated Flnancial Statements - contlnued
for the Year Ended 31 March 2025
Accountlng pollcles- eont
Taxation
The eharity is exempl trom corporation lax on its charitable 8cllvilies.
Fund accounting
Unrestricted funds can be used In a¢¢oid8nce with the charitable objectives at the discretion ol Ihe
trustees.
Restricted funds can only be used for particular reslricled purposes within the objects of Ihe charity.
Restrictions arise when specified by the donoi 01 when funds are raised for particular reslrlcted
purposes.
Further explanation of the nature and purpose ol each fund is induded in the notes lo the financial
statements.
Related party exemption
The company has taken advantage of exemption, undei the terms of Financial Reporting Standard
102'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland,. not to disclose
related party transaclions with wholly owried subsidiaries within the group.
Pension Costs and other post-￿tIreMent benefits
The charil8ble company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Slalement of Financial Aciivities in the period
lo which they relate.
Debtors, Q￿dItorS and cash
Current assets and liabilities, including cash held at bank are recognised 8t eosl tsr valuation as al the
year end.
Opèrating leases
Rentals payable under operating leases are eh8ig8d in the statement of financial activities on a $lraighl
line basis over the term of the lease.
Donatlolls and legacies
2025
2024
Donations
16,985
14.898
Page 22

Care & Repalr Cardlff And The Vale
Notes to the Consolidated Financlal Statements- continued
for the Year Ended 31 March 2025
Income from charitable activities
2025
2024
Activity
Care & Repair
Care & Repair
Care & Repair
Care & Repai
Work5 Income
Client Fund Income
W2RF Fund Income
Grants
1,464,926
59.948
353,367
1,919,806
1,414,659
41,744
501,940
1.822,663
3,798,047
3.781,006
Grants received, included In Ihe above, are as follows..
2025
2024
Welsh Gov9rnment Home Improvement Grant
Welsh Government RRAP Capital Grant
Enable Grants
National Grid Electricity Distribution
Managing better
Other grants
Housing wth Care Fund Grant
VOG Small Adaptation & Sensory Works
Cardiff 50 Day IGWC
Older Not Colder
Electrical Safety
498,831
4t￿,352
449,054
1eO,890
43,122
11,268
250,000
498,831
326,330
530,824
155,000
42.473
17.494
250,000
1.711
51,345
38,946
10,000
1,919,806
1 822,663
During the year Ihe group Tecewed grant income of £1,919,80612024- £1,822,663) Itom natlOn81 and
local governtnents in order to 8ch1eve its charitable objeclNes.
Charitable activities costs
Grant
funding of
activities
Iseè nole 51
Support
costs
tlrect costs
Totals
Care & Repair
3,737,634
21,641
3,759,285
Page 23

Care & Repair Cardiff And The Vale
Noees to the Consolidated Flnanc4al Statements contlnued
for the Year Ended 31 March 2025
Support costs
Support CL)sls indude costs ol the preparation and audit of the statutory a¢counts as well as other legal
and Consultancy lees.
Grants payable
2025
2024
Care 8 Repair
100,000
100,000
During the year. the charity paid grants lo other CaTe & Repair institutions of £100.00012024..
£100,000) ￿￿ting lo the NGED South Wales Affordable Warmth Project12024". NGED South Wales
Affordable Warmth Project)
Net incomellexpendlturèl
Nel incomellexpendilurel r8 81ated after chargingl{credllingl'.
2025
2024
Auditors. remuneration
Auditors, remuneration foi non-audil work
Other operating leases
Depreaation- owned assets
7,650
2,000
28,000
3,794
7,310
2,(K)O
22.000
Trustees, ￿muneratIon and benefits
There were no IIu8lees' remuneration or other benefits for the Year Ended 31 Maich 2025 nor lor the
year &nd8d 31 March 2024.
Trustees. expenses
2025
2024
Trusle8s' expenses
28
117
Staff costs
2025
2024
Wages and salaries
Social Security costs
Other pension costs
1,374,014
128,233
56,372
1.192,087
107,950
49.662
Page 24

Care & Repair Cardilf And The Vale
Notes to the Consolidated Financial Statements- continued
For the Year Ended 31 March 2025
During the year rernuneralion of £141,91912024- £118.3301 was pald to key management personnel.
The average monthly number of employees during the year was as follows.
2025
2024
Service
45
41
The number of employees whose employee b8nefrts l&xduded ernployer pension costsl exceeded
£60,000 was..
2025
2024
£60,001- £70,000
£70,001- £80,000
£80,001- £go,000
Comparatlvas for the consolldated statement of financial actlvlties
Unrestrlcted
fund
Restricted Total funds
funds
Income and endowments from
D(Trnations and legacies
Charitable activitieg
Care & Repair
14.898
14,898
2,395,419
1,385,587
3,781,ooe
Investment income
Other incotne
17.823
3,033
17,823
Total
2,431,173
1,385,587
3.816,760
Expenditure on
Raising funds
Charltable actlvltles
Care & Repair
2.380,914 1.383,874
3,764,788
Total
2,380.914 1.383,874
3,764,788
Net Incomellexpenditurel
50,259
1.713
51,972
Total funds brought forward
749,608
158,728
8,336
Totsl funds carrled foNard
Page 24

Care & Repalr Cardlff And The Vale
Not85 to the Consolidated Flnancial Statements - contlnued
for the Year End8d 31 March 2025
10.
Tangible Fixed Assets
MoloT Vehides
Cost
Additions
47,470
Depreclation
Charge for the year
Net book value
At 31 Marth 2025
43.676
At 31 March 2024
Fixod a$¥et investments
Unlisted
invèstm8nts
Group and Company
Market value
Cost brought lon￿ard
Additions
Revaluation
319,351
1￿,000
13,675
433.026
Net book value
Al 31 March 2025
433,026
At 31 March 2024
319,351
There were no Inveslrnenl assets outside the UK.
12.
stock
Group
Company
2025
2025
2024
2024
Stock
59,992
68,918
59.992
68,918
Page 26

Care & Repalr Cardiff And The Val8
Notes to the Flnanclal Statements . continued
for the Year Ended 31 March 2025
13.
Debtor¥.' 8moLtnts falllng due withln one year
Group
Charity
2025
2024
2025
2024
Trade debtors
Prepayments and accrued income
VAT
Amoun18 owed from group undertakings
241.007
17,504
10,253
174,3CM)
131,432
11,479
234,936
16,998
9,018
201,529
73,527
131,432
4,772
159831
268,764
317,211
462,481
46S,305
14.
Creditots: amounts falling due within on8 y8ar
Group
Charity
2025
2024
2025
2024
Trade Gieditors
Ainounls owed to group underlakings
Soaal security and other taxes
Other creditors
VAT
A￿[u81S and deferred income
150.243
122,929
170,433
77,554
59,716
15,309
5,664
28,938
23,435
27,404
15,121
16,135
7.355
40,763
27,098
243,379
192.552
223,411
175,390
Leasing agreements
Minirnum lease payments under non-cancellable oper81ing leases fall due as follows..
2025
2024
Wlhin one year
Between one and five years
In more than five years
81,450
76,498
109,970
109,097
157,948
219.(K7
R8nta15 payable under operating lease5 are Charged in the profil and loss account tsn a straight line
basis over the lease term. During the yeai, rental lease payments of £123.51812024.. £114.1781 have
been recognlsed as an expense.
Page 27

Care & Repair Cardlff And The Vale
Not88 to the Finan¢lal Statements continued
for the Year Ended 31 March 2025
16.
Movement in funds
Transfers
between
funds
movement in
funds
At 1.4.24
At 31.3.25
Unrestrlcted funds
General fund
799,867
216,577
1161,8371
854,607
Restricted funds
Client Fund
Warranty. Repair and Replacement Fund
IWRRFI
Hardship Fund
Restricted WG HIA Grant
Restricted WG RRAP Capital
Designated Funds
Electrical Safety Fund
2,986
142.883
1,416
4,382
142,883
14.592
8,641
1105.8651
(21
155,9701
10,000
23,233
105,865
55.970
10,O(Kl
160.441
1141,780)
161,837
180.498
TOTAL FUNDS
960,308
1 035,105
Nel movement in funds, included in the above are as follows..
Incoming
resources
Resources Movement in
expended
funds
Unrestricted fLEnd8
General fund
2.451,280
12,234,703)
216,577
Restricted funds
Client Fund
Warrallty. Repair and Replacement Fund
(WRRFI
Hill Snook
Hardship fund
Restricted WG HIA Grant
Resliicled VVG RRAP Capital Grant
Designated Funds
Electrical Safety Fund
Care & Repair HOMÈ Improvement Services
59.948
{58,5321
1,416
353,372
2.500
20,751
498,831
408,352
{353,3721
12,5001
112,1101
1604,696}
1406,354}
155,9701
8,641
(105,865)
12)
155,9701
10,000
10.0(KJ
31.048
31.048
1,382,802
11,524,582)
1141.780)
TOTAL FUNDS
3,834,082
3 759,2851
74,797
Page 28

Care & Repair Cardiff And The Vale
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
16.
Movement In funds- continued
Comparative year
Transfers
between
funds
movement in
funds
Al 1.4.23
Al 31.3.24
Unrestrlcted funds
General fund
749,608
114,842
(64.5831
7gg,867
Restricted fund8
Clienl Fund
Warranty, Repair and Replacernenl Fund
(VWIRFI
Hardship fund
Reslricled VVG HIA Grant
Oesignaled Funds
3,353
13871
2.966
142,883
12,492
142,883
14,592
2.100
153,0071
11,5761
53,007
1.576
158.728
162,8701
64,583
160,441
TOTAL FUNDS
908.336
51,972
960,308
Net movement in furKls, inclyded In the above are as follows..
Incoming
¥esources
Resourc¢5 Movement in
expended
funds
Unrestricted funds
General fund
2,431,173
12,316,331)
114,842
Restricted funds
Client Fund
Warranty, Repair and Replacement Fund IVVRRF)
Hill Snook
Hardship fund
Restricted WG HIA Grant
Reslrieted WG RRAP Capilal Grant
DesKJn8ted Funds
41,744
501,940
2,500
14,242
498,831
326,330
142,1311
1501,9401
12,5001
{12,1421
1551.8381
1326,3301
11,5761
13871
2.100
153,0071
11,5761
1385 587
1 448,457
62,870
TOTAL FUNDS
3.816.760
13,764,788)
51,972
General funds are available lor the use at the Irustees. discretson in furtherance of the objectives of
the Charity.
Client funds and Hardship funds 8re held on behalf of specific clients there money has been raised
towards completing works on their beh811. The money is raised from charitable organisations,
donations and fund raising actwities and 18 held lo be spent on specific hBJhlighled is8ue5.
Page 29

Care & Repair Cardiff And The Vale
Notes to the Flnanclal Statements - Contlnued
for the Year Ended 31 March 2025
16.
Movement in funds- contlnued
Warranty. Repair and Replacement Fund IWRRFI 15 held specifically to provide services for clients that
are defined as eligible by ihe Indepèndent Living Servi¢e al Cardiff Council.
The Hill Snook Fund are held on behalf of any orient requiring ernergency assistance 8s deemed
appropriate by the Ag8ncy because of monies donaled from thè Hill Snook Fund via C8rdiff and Vale
Age Connects.
Care & Rep8ir Home Improvement Setvices is the sUbs￿l3ry whose results are recognised in the
consolid8ted results. Their reserves are reStr￿ted tts the projects being compl&t8d by them.
Welsh Government HIA Grant- Funds held 5P8cifically lo provide Hgme Improvement Agency services
which help older160+1, disaNed and vulnerable people who own their own home or live in private rented
accommodation lo live independently at horne.
Welsh Govemrnent RRAP Capital Granl
Funds held speafically to PTovKle minor repairs and
adaptations to the properties of okler, disabled and vulnerable people as part of a partnershlp approach
that provides a rapid response lo referrals from Health and Social Care professionals.
Electrical Safety Fund - lo undertaken electrical works in vuln8rable older people's homes where
electriaty hazards have been idenlilied, and for Ihe analysis of these works to produce a written public
facing report lor PR.
17.
Related party dlsclosures
The Group have taken 8dvantage of exemption, under the terms of Finanaal Reporting Standard
FRS102'The Financial Reporting Standard appI￿able in the UK 8nd Republic of Ireland,, not lo disclose
relaled party trans8¢tions with wholly own8d sUbs￿larieS within the group.
Outside of group transactions, there were no related pariy transactions for the year ended 31 March
2025,
18.
Pension commitments
The charity operales a defined eontiibulion pension scheme. The pension cost charge for the year
represents contributions payable by the charitable group lo the scheme and amounted to £56,372
{2024. £49.6621.
19.
Reconciliatlon of net incomellexpendlturel to net cash flow frorn operatlng actlvitle$
2025
2024
Nèt incomellexpenditurel for the reporting period las per the
stalement of financial activities)
Adjustments for..
Depreciation Charges
Inveslment Income
Decrease I Ilncreasel in stock
Decrease I Ilncreasel in debtors
IDecie8s&) I Increase in creditors
74,797
51,972
3,794
113,6751
8.925
48.447
50.828
116,858}
76,914
130,0341
Nel cash provided by (used inl operating aetivilies
173,116
75.994
Page 30

20.
Analysis of changes In net funds
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash al bank
447,380
25,646
473.026
Total
447 380
473 026
This page does not form p8rt of the statutory financlal statements
Page 33