| Contents ofthe Financial Statements | |||
|---|---|---|---|
| forthe Year Ended 31 March 2025 | |||
| Page | |||
| Report oftheTrustees | 1 | to | 7 |
| Report ofthe Independent Auditors | 8 | to | 9 |
| StatementofFinancialActivities | 10 | ||
| Balance Sheet | 11 | ||
| Cash FlowStatement | 12 | ||
| Notes to theCash Flow Statement | 13 | ||
| Notes to the Financial Statements | 14 | to | 27 |
| Published two new reports: 'Leaky Homes and a Lack ofSupport', and 'Home Safety: How Improving Electrics is Changing Lives in Wales alongside media and political pick-up. |
|
|---|---|
| - | Prepared the following written submissions: i) Five Welsh Government consultations |
| ii) Two UK Government consultations |
|
| ii) Thirteen Ofgem consultations iv) Two Senedd and two UK Govemment committees |
|
| V) Miscellaneous submissions to consultations ncluding Member Bill on BSL, third sector partner policy |
|
| statement and gas supplier business plans. Gave oral evidence to the Housing and Local Government Committee on the Role of Local Authorities in |
|
| Hospital Discharge. Gave oral evidence to the Equality and Social Justice Committee on the Warm Homes Programme. Gave oral evidence to the UKWork and Pension's Committee inquiry on Pensioner Poverty. |
|
| Various presentations on our main key asks, including a 'safety-net grant for hazardous disrepair' in older | |
| people's homes to external stakeholders, including Ministerial Advisory Forum on Ageing, and Cross-Party | |
| Group on Housing, Cross Party Group in Fuel Poverty and Energy Efficiency. Provided a briefing of political and policy developments from governments and stakeholders everyweek to CRC staffand Agency Chief Officers, with ad hoc additional deep-dive briefings. Panellist at the Tai Conference session on 'A Right to Adequate Housing' Panelist at the National Energy Action Fuel Poverty Forums and their national 'Housing and Health' conference. |
|
| Panellist at Policy Forum Wales: 'Next steps for heat and heat networks in Wales'. Meeting with Health and Social Care Minister viaWCVA Health and Social Care Group. Continued secretariat role forthe Cross-Party Group on Housing. Vice Chair ofthe National Falls Prevention Taskforce. |
|
| Input intoWG stakeholder group on 'Fair Rents and a Right to Adequate Housing Green Paper', and inputted feedback on white paper. Continued evidence provided to Cab. Sec for Housing and Local Government on ourask fora housing safety-net grant, providing written evidence for ongoing dialogue. Sit on various public health research groups including 'indoorairquality', 'hoarding' and 'accessible |
|
| housing partnership'. Research partnership with Public Health Wales using Hospital to a Healthier Home data to find |
|
| readmission rate ofservice. | |
| Continue to representCare & Repair at stakeholder groups including: | |
| i) Ministerial Advisory Forum on Ageing (MAFA) i) WG Fuel PovertyAdvisory Panel. ii) Age Alliance Wales. iv) Vice Chair ofthe Wales Prudent Falls Prevention Task Force |
|
| v) Cross-Party Groups on Housing, Energy Efficiency, Older People/Ageing and Intergenerational |
|
| Solidarity. | |
| vi) Fuel Poverty Coalition Cymru. vii) Digital Inclusion Alliance Wales vii Home First Community of Practice, Accommodation Based Solutions Community ofPractice, and Goal 6 Action Group forSix Goals for Urgent and Emergency Care. ix) WG Health & Social Care Planning Group. |
| Registered Office | |||
|---|---|---|---|
| Mariners House | |||
| Trident Court | |||
| East Moors Road | |||
| Cardiff | |||
| CF24 5TD | |||
| Trustees | |||
| Chairperson | AndrewVye Sarah Willey |
Individual Individual |
Appointed September 24 Resigned September 24 |
| Vice Chair | Elizabeth Warwick | Individual | Appointed September 24 |
| Treasurer | Fay Satherley | Individual | |
| Christopher | |||
| Trustees | Binding Gwynne Jones Clare Strowbridge |
Agency Representative Individual Individual |
Appointed September 24 |
| Sally Davies John Hunt |
Individual Individual |
Resigned September 24 | |
| Karen Athanatos | Individual | ||
| Neil Bradshaw | Individual | ||
| Victoria Evans | Agency Representative | Appointed September 24 | |
| Co-opted | Rhodri Owen | individual | |
| Welsh Local Government | |||
| Observers | Jim McKirdle | Association | |
| Honorary Vice- President | Sharon Mainwaring | Individual | |
| ChiefExecutive | ChrisJones | ||
| Secretary | ChrisJones | ||
| Statutory Auditors Menzies LLP |
|||
| 5th Floor Hodge House 114-116 St Mary Street |
|||
| Cardiff | |||
| CF10 1DY |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| Income and endowments from | |||||
| Donations and legacies | 2 | 48,627 | 48,627 | 73,735 | |
| Charitable activities | 4 | ||||
| Charitable activities | 574,810 | 2,037,487 | 2,612,297 | 2,080,475 | |
| Investment income | 3 | 25,482 | 25,482 | 21,662 | |
| Other income | 5 | 100,598 | 100,598 | 70,420 | |
| Total | 749,517 | 2,037,487 | 2,787,004 | 2,246,292 | |
| Expenditure on | |||||
| Raising funds | 6 | 6,228 | 6,228 | 3,870 | |
| Charitable activities | 7 | ||||
| Charitable activities | 669,871 | 2,037,728 | 2,707,599 | 2,014,735 | |
| Total | 676,099 | 2,037,728 | 2,713,827 | 2,018,605 | |
| NET INCOME/(EXPENDITURE) | 73,418 | (241) | 73,177 | 227,687 | |
| Other recognised gains/(losses) Actuarial gains/(losses) on defined benefit schemes |
8,000 | 8,000 | (61,000) | ||
| Net movement in funds | 81,418 | (241) | 81,177 | 166,687 | |
| Reconciliation offunds | |||||
| Total funds brought forward | 84,656 | 162,785 | 247,441 | 80,753 | |
| Total funds carried forward | 166,074 | 162,544 | 328,618 | 247.440 |
| Balance Sheet | Balance Sheet | ||||
|---|---|---|---|---|---|
| 31 | March 2025 | ||||
| 2025 | 2024 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Intangible assets | 14 | 10,204 | 10,204 | 13,806 | |
| Tangible assets | 15 | 14,862 | 14,862 | 16,010 | |
| 25,066 | 25,066 | 29,816 | |||
| Currentassets | |||||
| Debtors | 16 | 170,235 | 170,235 | 82,816 | |
| Cash at bank and in hand | 677,326 | 162,544 | 839,870 | 789,303 | |
| 847.561 | 162,544 | 1,010,105 | 872,119 | ||
| Creditors | |||||
| Amounts falling due within one year | 17 | (426,553) | (426,553) | (289,495) | |
| Netcurrentassets | 421,008 | 162,544 | 583,652 | 582,624 | |
| Total assets less currentliabilities | 446,074 | 162,544 | 608,618 | 612,440 | |
| Creditors | |||||
| Amounts falling due after more than one year | 18 | (280,000) | (280,000) | (365,000) | |
| NETASSETS | 166,074 | 162,544 | 328,618 | 247,440 | |
| Funds | 20 | ||||
| Unrestricted funds | 166,074 | 84,655 | |||
| Restricted funds | 162,544 | 162,785 | |||
| Total funds | 328,618 | 247,440 |
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | ||
| Cash flows from operating activities Cash generated from operations |
1 | 37,271 | 272,740 |
| Netcash provided by operating activities | 37.271 | 272,740 | |
| Cash flows from investing activities Purchase oftangible fixed assets Sale oftangible fixed assets |
(5,072) 363 |
(12,597) | |
| Interest received | 18,005 | 15,470 | |
| Netcash provided by investing activities | 13,296 | 2,873 | |
| Change in cash and cash equivalents in | |||
| the reporting period Cash and cash equivalents atthe |
50.567 | 275,613 | |
| beginning ofthe reporting period | 789,303 | 513,690 | |
| Cash and cash equivalents atthe end of | |||
| the reporting period | 839,870 | 789,303 |
| Reconciliation ofnetincome to netcash flowfrom operating activities | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Net income forthe reporting period(as perthe StatementofFinancial | ||
| Activities) | 73,177 | 227,687 |
| Adjustments for: | ||
| Depreciation charges Loss on disposal offixed assets |
9,422 37 |
8,286 |
| Interest received | (18,005) | (15,470) |
| (Increase)/decrease in debtors | (87.419) | 100,414 |
| Increase in creditors | 52,059 | 12,823 |
| Difference between pension charge and cash contributions | 8,000 | (61,000) |
| Netcash provided by operations | 37,271 | 272,740 |
| 2. | Analysis of changes in netfunds | |||
|---|---|---|---|---|
| At1.4.24 | Cash flow | At31.3.25 | ||
| £ | £ | £ | ||
| Netcash | ||||
| Cash atbank and in hand | 789,303 | 50,567 | 839,870 | |
| 789,303 | 50,567 | 839,870 | ||
| Total | 789,303 | 50,567 | 839,870 |
| Care & RepairCymru 2015 | |||||
|---|---|---|---|---|---|
| Notes to the Financial Statements - continued | |||||
| fortheYear Ended 31 March 2025 | |||||
| 2. | Donations and legacies | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Donations | 48,627 | 73,735 | |||
| 3. | Investment income | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Rents received | 7.477 | 6.192 | |||
| Deposit account interest | 18,005 | 15,470 | |||
| 25,482 | 21,662 | ||||
| 4. | Income from charitable activities | ||||
| 2025 | 2024 | ||||
| Welsh Govemment | Activity Charitable activities |
£ 538,242 |
£ 538,243 |
||
| Welsh Govemment - | |||||
| Managing Better | Charitable activities | 700,000 | 700,000 | ||
| Local Health Board | Charitable activities | 456,719 | 493,230 | ||
| Wales and West Utilities - CO | |||||
| Alarm Project Gas safety Health & Social Care |
Charitable activities Charitable activities Charitable activities |
10,096 14,714 |
9,904 10,457 3,756 |
||
| Sobell Foundation | Charitable activities | 10,000 | 10,000 | ||
| Wolfson Foundation | Charitable activities | 3,375 | |||
| Database Project Manager National Lottery Oakdale Trust |
Charitable activities Charitable activities Charitable activities |
36,568 44.974 1,117 |
82,171 19,383 1,240 |
||
| Veterans Hardship Wales & West Utilities |
- | Charitable activities | 1,250 | 750 | |
| Older not colder | Charitable activities | 587,732 | 146,933 | ||
| Aneurin Bevan Health | Board | Charitable activities | 123,728 | 61,033 | |
| Electrical Safety First NEA Warm Homes |
Charitable activities Charitable activities |
16,271 60,000 |
|||
| Safe and Warm Homes | Charitable activities | 10,886 | |||
| 2,612,297 | 2,080,475 | ||||
| Otherincome | |||||
| 2026 | 2024 | ||||
| £ | £ | ||||
| Other Income | 100,598 | 70,420 |
| 6. | Raising funds | |||||
|---|---|---|---|---|---|---|
| Raising donations and legacies | 2025 | 2024 | ||||
| £ | £ | |||||
| Fundraising events | 6,228 | 3.870 | ||||
| 7. | Charitable activities costs | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 8) | Totals | ||||
| £ | £ | £ | ||||
| Charitable activities | 2,646,014 | 61,585 | 2,707,589 | |||
| Support costs | information | Governance | ||||
| Finance | technology | Other | costs | Totals | ||
| £ | £ | £ | £ | £ | ||
| Charitable activities | (97) | 8,446 | 20,000 | 33,236 | 61,585 | |
| Net income/(expenditure) | ||||||
| Net income/(expenditure) is stated after charging/(crediting): | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Depreciation - owned assets | 5,820 | 4,684 | ||||
| Deficit on disposal offixed assets Website costs amortisation |
3,602 37 |
3,602 | ||||
| 10. | Auditors' remuneration | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Fees payable to the charity's auditors forthe audit | of the charity's | financial | ||||
| statements | 5,700 | 5,700 | ||||
| Auditors' remuneration for non audit work | 1,200 | 1,200 |
| Staffcosts | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries Social security costs |
552,389 50,690 |
495,575 44,769 |
| Otherpension costs | 52,349 | 49,089 |
| 655,428 | 589,433 |
| 2025 | 2024 |
|---|---|
| 16 | 14 |
| 2025 | 2024 | ||
|---|---|---|---|
| £90,001 -£100,000 | 1 | 1 | |
| Comparatives forthestatementoffinancial activities | Unrestricted | Restricted | Total |
| funds | funds | funds | |
| £ | £ | £ | |
| Income and endowmentsfrom | |||
| Donations and legacies | 73,735 | 73,735 | |
| Charitable activities | |||
| Charitable activities | 630,316 | 1,450,159 | 2,080,475 |
| Investment income | 21,662 | 21,662 | |
| Other income | 70,420 | 70,420 | |
| Total | 796,133 | 1.450,159 | 2,246,292 |
| Expenditure on | |||
| Raising funds | 3.870 | 3,870 | |
| Charitableactivities | |||
| Charitable activities | 702,809 | 1,311,926 | 2,014,735 |
| Total | 706,679 | 1,311,826 | 2,018,605 |
| NET INCOME | 89,454 | 138,233 | 227,687 |
| Transfers between funds | (1,019) | 1,019 | |
| Otherrecognised gains/(losses) | |||
| Actuarial gains/(losses) on defined benefit schemes |
(61,000) | (61,000) | |
| Netmovement infunds | 27,435 | 139,252 | 166,687 |
| Reconciliation offunds | |||
| Total funds brought forward | 57,219 | 23,534 | 80,753 |
| Total funds carried forward | 84,654 | 162,786 | 247,440 |
| Intangible fixed assets | |
|---|---|
| Website | |
| costs | |
| £ | |
| Cost | |
| At 1 April 2024 and 31 March 2025 | 18,008 |
| Amortisation | |
| At 1 April 2024 | 4,202 |
| Charge for year | 3,602 |
| At 31 March 2025 | 7,804 |
| Net bookvalue | |
| At 31 March 2025 | 10,204 |
| At 31 March 2024 | 13,806 |
| 15. | Tangible fixed assets | |||
|---|---|---|---|---|
| Fixtures | ||||
| and fittings |
Computer equipment |
Totals | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2024 Additions |
37,699 4,208 |
18,984 864 |
56,683 5,072 |
|
| Disposals | (12,801) | 12,801 ) | ||
| At 31 March 2025 | 41,907 | 7,047 | 48,854 | |
| Depreciation | ||||
| At 1 April 2024 | 26,266 | 14,407 | 40,673 | |
| Charge for year | 4,122 | 1,698 | 5,820 | |
| Eliminated on disposal | 12,401 i | 12,401 ) | ||
| At 31 March 2025 | 30,388 | 3,704 | 34,002 | |
| Net book value | ||||
| At 31 March 2025 | 11,519 | 3,343 | 14,862 | |
| At 31 March 2024 | 11,433 | 4,577 | 16,010 | |
| 16. | Debtors: amountsfalling due within oneyear | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade debtors | 55,180 | 46,003 | ||
| Prepayments and accrued income | 115,055 | 36,813 | ||
| 170,235 | 82,816 |
| 17. | Creditors: amounts falling due within oneyear | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | ||||
| Trade creditors | 18,098 | 6.619 | ||
| Social security and othertaxes | 12,917 | 12,785 | ||
| Other creditors | 26,314 | 13,349 | ||
| Accrued expenses | 321,847 | 217,869 | ||
| Deferred government grants | 47,377 | 38,863 | ||
| 426,553 | 289,495 | |||
| Deferred Income | 2023 | 2024 | ||
| Deferred Income brought forward Released in the year |
38,863 (38,863) |
19,716 (19,716) |
||
| Deferred in the year | 47,377 | 38,863 | ||
| Deferred income carried forward | 47,377 | 38,863 | ||
| 18. | Creditors: amountsfalling due aftermorethan oneyear | |||
| 2025 | 2024 | |||
| £ | ||||
| Retirement benefit obligations | 280,000 | 365,000 | ||
| 19. | Leasing agreements | |||
| Minimum lease payments undernon-cancellable operating leasesfall due as follows: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Within one year | 38,964 | 28,442 | ||
| Between one and five years | 45,197 | 82,647 | ||
| 84,161 | 111,089 | |||
| 20. | Movement in funds | |||
| Net | ||||
| movement | At | |||
| At1.4.24 | infunds | 31.3.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (8,212) | 132,805 | 124,593 | |
| Designated - Sustainability Fund Designated - NpowerFuel Poverty Fund |
4,864 88,004 |
(4,864) (46,523) |
41,481 | |
| 84,656 | 81,418 | 166,074 | ||
| Restrictedfunds | ||||
| Safe & Warm Homes Fund | 2,189 | 1,112 | 3,301 | |
| Hospital to a Healthier Home Hardship Wales & West Utilities - 70+ Cymru |
772 1.792 |
(660) | 772 1.132 |
|
| Sobell Foundation | 10,000 | 10,000 | ||
| Wales &West Utilities - Older not Colder | 143,185 | 4,154 | 147,339 | |
| H2HH Gwent RIF | 4,847 | (4,847) | ||
| 162,785 | (241) | 162,544 | ||
| TOTAL FUNDS | 247,441 | 81,177 | 328,618 |
| Incoming resources |
Resources expended |
Gains and losses |
Movement in funds |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 749,517 | (624,712) | 8,000 | 132,805 |
| Designated - Sustainability Fund Designated - Npower Fuel Poverty Fund |
(4,864) (46,523) |
(4,864) (46,523) |
||
| 749,517 | (676,099) | 8,000 | 81,418 | |
| Restrictedfunds | ||||
| Safe & Warm Homes Fund | 10,885 | (9.773) | 1,112 | |
| Wales & West Utilities - 70+ Cymru | (660) | (660) | ||
| Sobell Foundation | 10,000 | (10,000) | ||
| Welsh Govemment - Managing Better | 700,000 | (700,000) | ||
| National Lottery Community Fund | ||||
| 44,974 | (44,974) | |||
| Hospital to a Healthier Home | 456,719 | (456,719) | ||
| Foundations | 14,714 | (14,714) | ||
| Oakdale Trust | 1.117 | (1,117) | ||
| Electrical Safety Council Wales & West Utilities - Older not Colder |
16,271 597,828 |
(16.271 ) (593,674 ) |
4,154 | |
| H2HH Gwent RIF | 123,729 | (128,576) | (4.847) | |
| Veterans Fund | 1,250 | (1,250) | ||
| NEA - Warm Homes, Healthy Futures | 60,000 | (60,000) | ||
| 2,037,487 | (2,037,728 ) | (241 ) | ||
| TOTAL FUNDS | 2,787,004 | (2,713,827 ) | 8,000 | 81,177 |
| Comparatives formovement in funds | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1.4.23 | in funds | funds | 31.3.24 | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (86,546) | 79,352 | (1,019) | (8,213) |
| Designated - Fundraising and Business |
||||
| Development | 22,632 | (22,632) | ||
| Designated - Sustainability Fund Designated - Npower Fuel Poverty Fund |
15,574 105,559 |
(10,710) (17,555) |
4,864 88,004 |
|
| 57,219 | 28,455 | (1.019) | 84,655 | |
| Restricted funds | ||||
| Safe & Warm Homes Fund | 3,210 | (1,021 ) | 2,189 | |
| Hospital to a Healthier Home Hardship Wales & West Utilities - 70+ Cymru |
772 9,552 |
(7,760) | 772 1,792 |
|
| Sobell Foundation | 10,000 | 10,000 | ||
| The Wolfson Foundation | (1,019) | 1,019 | ||
| Wales & West Utilities - Older not Colder | 143,185 | 143,185 | ||
| H2HH Gwent RIF | 4,847 | 4,847 | ||
| 23,534 | 138,232 | 1,019 | 162,785 | |
| TOTAL FUNDS | 80,753 | 166,687 | 247,440 |
| Incoming resources |
Resources expended |
Gains and losses |
Movement infunds |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 796,134 | (655,782) | (61,000) | 79,352 |
| Designated - Fundraising and Business |
||||
| Development | (22,632) | (22,632) | ||
| Designated - Sustainability Fund Designated - Npower Fuel Poverty Fund |
(10,710) (17,555) |
(10,710) (17,555) |
||
| 796,134 | (706,679) | (61,000) | 28,455 | |
| Restricted funds | ||||
| Safe &Wam Homes Fund | (1,021) | (1.021 ) | ||
| Wales & West Utilities - 70+ Cymru Sobell Foundation |
10,000 | (7.760) (10.000) |
(7,760) | |
| Welsh Government - Managing Better | 700,000 | (700,000) | ||
| National Lottery Community Fund | ||||
| 19,383 | (19,383) | |||
| TheWolfson Foundation | 3.375 | (4,394) | (1,019) | |
| Hospital to a Healthier Home | 493,230 | (493,230) | ||
| Foundations | 10,457 | (10,457) | ||
| Oakdale Trust | 1,240 | (1.240) | ||
| Wales & West Utilities - Older not Colder | 146,934 | (3,749) | 143,185 | |
| H2HH Gwent RIF | 61,033 | (56,186) | 4,847 | |
| Winter Pressures Safe and Warm Homes | 2,607 | (2,607) | ||
| Winter Pressures SWH 70 + | 1,149 | (1 149) | ||
| Veterans Fund | 750 | (750) | ||
| 1,450,158 | (1,311,926) | 138,232 | ||
| TOTAL FUNDS | 2,246,292 | (2,018,605) | (61,000) | 166,687 |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.23 | in funds | funds | 313.26 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | (86,546) | 212,157 | (1,019) | 124,592 |
| Designated - Fundraising and Business |
||||
| Development | 22,632 | (22,632) | ||
| Designated - Sustainability Fund Designated - Npower Fuel Poverty Fund |
15,574 105,559 |
(15,574) (64,078) |
41,481 | |
| 57,219 | 109,873 | (1,019) | 166,073 | |
| Restrictedfunds | ||||
| Safe & Warm Homes Fund | 3,210 | 91 | 3,301 | |
| Hospital to a Healthier Home Hardship Sobell Foundation Wales & West Utilities - 70+ Cymru |
772 10,000 9,652 |
(8,420) | 772 10,000 1,132 |
|
| The Wolfson Foundation | (1,019) | 1,019 | ||
| Wales & West Utilities - Older not Colder | 147,339 | 147,339 | ||
| 23,534 | 137,991 | 1,019 | 162,544 | |
| TOTAL FUNDS | 80,753 | 247,864 | 328,617 |
| Incoming resources |
Resources expended |
Gains and losses |
Movement in funds |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,545,651 | (1,280,494) | (53,000) | 212,157 |
| Designated - Fundraising and Business |
||||
| Development | (22,632) | (22,632) | ||
| Designated - Sustainability Fund Designated - NpowerFuel Poverty Fund |
(15,574) (64,078) |
(15,574) (64,078) |
||
| 1,545,651 | (1,382,778) | (53,000) | 109,873 | |
| Restricted funds | ||||
| Safe & Warm Homes Fund | 10,885 | (10,794) | 91 | |
| Wales & West Utilities - 70+ Cymru Sobell Foundation |
20,000 | (8,420) (20,000) |
(8,420) | |
| National Lottery Community Fund Welsh Government - Managing Better |
1,400,000 | (1,400,000) | ||
| 64,357 | (64,357) | |||
| TheWolfson Foundation | 3,375 | (4,394) | (1,019) | |
| Hospital to a Healthier Home | 949,949 | (949,949) | ||
| Foundations | 25,171 | (25.171 ) | ||
| OakdaleTrust | 2,357 | (2,357) | ||
| Electrical Safety Council Wales & West Utilities - Older not Colder |
16,271 744,762 |
(16,271 ) (597,423) |
147,339 | |
| H2HH Gwent RIF | 184,762 | (184,762) | ||
| Winter Pressures Safe and Warm Homes | 2,607 | (2,607) | ||
| Winter Pressures SWH 70 + | 1,149 | (1,149) | ||
| Veterans Fund | 2,000 | (2,000) | ||
| NEA - Warm Homes, Healthy Futures | 60,000 | (60,000) | ||
| 3,487,645 | (3,349,654 ) | 137,991 | ||
| TOTAL FUNDS | 5,033,296 | (4,732,432) | (53.000) | 247.864 |
| 2025 | 2024 | |
|---|---|---|
| % per | annum | % perannum |
| Discount Rate | 5.73 | 4.87 |
| Inflation (RPI) | 3.13 | 3.19 |
| Inflation (CPI) | 2.76 | 2.76 |
| Salary Growth | 3.76 | 3.76 |
| 75% of maximum allowance for commutation ofpension forcash at retirement. | ||
| MortalityAssumptions | ||
| 2025 | 2024 | |
| Life | Life | |
| expectancy | expectancy | |
| (yrs) | (yrs) | |
| Retiring Males 2025 Retiring Females 2025 Retiring Males 2045 Retiring Females 2045 |
20.5 23 21.7 245 |
20.5 23 21.8 24.4 |
| Fair Value of Plan |
Assets, Present |
Value | of Defined Benefit |
Obligation, | and | Defined | Benefit |
|---|---|---|---|---|---|---|---|
| Asset/Liability) | |||||||
| 2025 | 2024 | ||||||
| (£'000) | (£'000) | ||||||
| Fairvalue of plan assets | 1,544 | 1,599 | |||||
| Presentvalue ofdefined | benefit obligation | 1,824 | 1,964 | ||||
| Surplus/(deficit) in plan | (280) | (365) | |||||
| Unrecognised surplus Defined benefitasset /(liability)to be recognised |
(280) | (365) | |||||
| Deferred tax | |||||||
| Net defined benefitasset | / (liability) to be recognised | ||||||
| Defined BenefitCosts Recognised in OtherComprehensive Income (OCI) | |||||||
| Period | from | ||||||
| 31 March | |||||||
| 2024to 31 | |||||||
| March | 2025 | ||||||
| (£'000) | |||||||
| Experience on plan assets (excluding amounts included in net interest cost) | - Gain | ||||||
| /(loss) | (131) | ||||||
| Experience gains and losses arising on the plan liabilities -Gain / (loss) Effects ofchanges in the demographicassumptions underlying the present value ofdefined benefit obligation - Gain / (loss) Effects ofchanges in the financial assumptions underlying the present value ofthe |
(46) | ||||||
| defined benefit obligation Total actuarial gains and |
- Gain / (loss) losses (before restriction due to some ofthe surplus not |
185 | |||||
| being recognisable) - Gain / (loss) |
8 |
| 31 | March 2025 | 31 March 2024 | 31 March | 2023 |
|---|---|---|---|---|
| (£) | (£) | (£) | ||
| Presentvalue ofprovision | 85 | 31 | 66 | |
| Reconciliation ofOpening and Closing Provisions | ||||
| 2025 | 2024 | |||
| Provision at start of period | (£) 3 |
(£) 66 |
||
| Unwinding ofthe discount factor (interestexpense) | 1 | 3 | ||
| Deficit contribution paid | (31) | (38) | ||
| Remeasurements - impact ofany change in assumptions | 1 | 0 |
| 21. | Employee benefit obligations - continued | ||
|---|---|---|---|
| Remeasurements - amendments to the contribution schedule | 83 | ||
| Provision at end of period | 85 | 31 | |
| Income and Expenditure Impact | 2025 | 2024 | |
| (£) | (£) | ||
| Interestexpense | 1 | 3 | |
| Remeasurements - impact ofany change in assumptions Remeasurements - amendments to the contribution schedule |
1 83 |
(0) | |
| Contributions paid in respect offuture service* Costs recognised in income and expenditure account |
| Assumptions | |||
|---|---|---|---|
| 31 March 2025 | 31 March 2024 | 31 March 2023 | |
| % perannum | % perannum | % perannum | |
| Rate ofdiscount | 4.84 | 5.31 | 5.52 |
| 31 March 2025 | 31 March 2024 | 31 March 2023 | |
|---|---|---|---|
| (E) | (£) | (£) | |
| Year 1 | 30 | 31 | 38 |
| Year2 | 30 | 31 | |
| Year 3 | 30 | ||
| Year4 | |||
| Year5 | |||
| Year6 | |||
| Year7 | |||
| Year 8 | |||
| Year 9 | |||
| Year 10 | |||
| Year 11 | |||
| Year 12 | |||
| Year 13 | |||
| Year 14 | |||
| Year 15 | |||
| Year 16 | |||
| Year 17 | |||
| Year 18 | |||
| Year 19 | |||
| Year20 |