|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|





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||Published two new reports: 'Leaky Homes and a Lack ofSupport', and 'Home Safety: How Improving<br>Electrics is Changing Lives in Wales alongside media and political pick-up.|
|---|---|
|-|Prepared the following written submissions:<br>i)<br>Five Welsh Government consultations|
||ii)<br>Two UK Government consultations|
||ii)<br>Thirteen Ofgem consultations<br>iv)<br>Two Senedd and two UK Govemment committees|
||V)<br>Miscellaneous submissions to consultations ncluding Member Bill on BSL, third sector partner policy|
||statement and gas supplier business plans.<br>Gave oral evidence to the Housing and Local Government Committee on the Role of Local Authorities in|
||Hospital Discharge.<br>Gave oral evidence to the Equality and Social Justice Committee on the Warm Homes Programme.<br>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.<br>Provided a briefing of political and policy developments from governments and stakeholders everyweek to<br>CRC staffand Agency Chief Officers, with ad hoc additional deep-dive briefings.<br>Panellist at the Tai Conference session on 'A Right to Adequate Housing'<br>Panelist at the National Energy Action Fuel Poverty Forums and their national 'Housing and Health'<br>conference.|
||Panellist at Policy Forum Wales: 'Next steps for heat and heat networks in Wales'.<br>Meeting with Health and Social Care Minister viaWCVA Health and Social Care Group.<br>Continued secretariat role forthe Cross-Party Group on Housing.<br>Vice Chair ofthe National Falls Prevention Taskforce.|
||Input intoWG stakeholder group on 'Fair Rents and a Right to Adequate Housing Green Paper', and inputted<br>feedback on white paper.<br>Continued evidence provided to Cab. Sec for Housing and Local Government on ourask fora housing<br>safety-net grant, providing written evidence for ongoing dialogue.<br>Sit on various public health research groups including 'indoorairquality', 'hoarding' and 'accessible|
||housing partnership'.<br>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)<br>Ministerial Advisory Forum on Ageing (MAFA)<br>i)<br>WG Fuel PovertyAdvisory Panel.<br>ii)<br>Age Alliance Wales.<br>iv)<br>Vice Chair ofthe Wales Prudent Falls Prevention Task Force|
||v)<br>Cross-Party Groups on Housing, Energy Efficiency, Older People/Ageing and Intergenerational|
||Solidarity.|
||vi)<br>Fuel Poverty Coalition Cymru.<br>vii)<br>Digital Inclusion Alliance Wales<br>vii<br>Home First Community of Practice, Accommodation Based Solutions Community ofPractice, and Goal 6<br>Action Group forSix Goals for Urgent and Emergency Care.<br>ix)<br>WG Health & Social Care Planning Group.|



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|Registered Office||||
|---|---|---|---|
|Mariners House||||
|Trident Court||||
|East Moors Road||||
|Cardiff||||
|CF24 5TD||||
|Trustees||||
|Chairperson|AndrewVye<br>Sarah Willey|Individual<br>Individual|Appointed September 24<br>Resigned September 24|
|Vice Chair|Elizabeth Warwick|Individual|Appointed September 24|
|Treasurer|Fay Satherley|Individual||
||Christopher|||
|Trustees|Binding<br>Gwynne Jones<br>Clare Strowbridge|Agency Representative<br>Individual<br>Individual|Appointed September 24|
||Sally Davies<br>John Hunt|Individual<br>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<br>Menzies LLP||||
|5th Floor Hodge House<br>114-116 St Mary Street||||
|Cardiff||||
|CF10 1DY||||



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|||||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)<br>Actuarial gains/(losses) on defined benefit<br>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<br>Cash generated from operations|1|37,271|272,740|
|Netcash provided by operating activities||37.271|272,740|
|Cash flows from investing activities<br>Purchase oftangible fixed assets<br>Sale oftangible fixed assets||(5,072)<br>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<br>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<br>Loss on disposal offixed assets|9,422<br>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<br>Charitable activities|£<br>538,242|£<br>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<br>Gas safety<br>Health & Social Care||Charitable activities<br>Charitable activities<br>Charitable activities|10,096<br>14,714|9,904<br>10,457<br>3,756|
||Sobell Foundation||Charitable activities|10,000|10,000|
||Wolfson Foundation||Charitable activities||3,375|
||Database Project Manager<br>National Lottery<br>Oakdale Trust||Charitable activities<br>Charitable activities<br>Charitable activities|36,568<br>44.974<br>1,117|82,171<br>19,383<br>1,240|
||Veterans Hardship<br>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<br>NEA Warm Homes||Charitable activities<br>Charitable activities|16,271<br>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<br>Website costs amortisation||||3,602<br>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<br>Social security costs|552,389<br>50,690|495,575<br>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<br>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<br>fittings|Computer<br>equipment|Totals|
|||£|£|£|
||Cost||||
||At 1 April 2024<br>Additions|37,699<br>4,208|18,984<br>864|56,683<br>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<br>Released in the year||38,863<br>(38,863)|19,716<br>(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<br>Designated<br>- NpowerFuel Poverty Fund|4,864<br>88,004|(4,864)<br>(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<br>Wales & West Utilities - 70+ Cymru|772<br>1.792|(660)|772<br>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<br>resources|Resources<br>expended|Gains and<br>losses|Movement<br>in funds|
|---|---|---|---|---|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|749,517|(624,712)|8,000|132,805|
|Designated - Sustainability Fund<br>Designated<br>- Npower Fuel Poverty Fund||(4,864)<br>(46,523)||(4,864)<br>(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<br>Wales & West Utilities - Older not Colder|16,271<br>597,828|(16.271 )<br>(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<br>- Fundraising and Business|||||
|Development|22,632|(22,632)|||
|Designated<br>- Sustainability Fund<br>Designated - Npower Fuel Poverty Fund|15,574<br>105,559|(10,710)<br>(17,555)||4,864<br>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<br>Wales & West Utilities - 70+ Cymru|772<br>9,552|(7,760)||772<br>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<br>resources|Resources<br>expended|Gains and<br>losses|Movement<br>infunds|
|---|---|---|---|---|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|796,134|(655,782)|(61,000)|79,352|
|Designated<br>- Fundraising and Business|||||
|Development||(22,632)||(22,632)|
|Designated<br>- Sustainability Fund<br>Designated<br>- Npower Fuel Poverty Fund||(10,710)<br>(17,555)||(10,710)<br>(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<br>Sobell Foundation|10,000|(7.760)<br>(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<br>- Fundraising and Business|||||
|Development|22,632|(22,632)|||
|Designated<br>- Sustainability Fund<br>Designated<br>- Npower Fuel Poverty Fund|15,574<br>105,559|(15,574)<br>(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<br>Sobell Foundation<br>Wales & West Utilities - 70+ Cymru|772<br>10,000<br>9,652|(8,420)||772<br>10,000<br>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<br>resources|Resources<br>expended|Gains and<br>losses|Movement<br>in funds|
|---|---|---|---|---|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|1,545,651|(1,280,494)|(53,000)|212,157|
|Designated<br>- Fundraising and Business|||||
|Development||(22,632)||(22,632)|
|Designated<br>- Sustainability Fund<br>Designated<br>- NpowerFuel Poverty Fund||(15,574)<br>(64,078)||(15,574)<br>(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<br>Sobell Foundation|20,000|(8,420)<br>(20,000)||(8,420)|
|National Lottery Community Fund<br>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<br>Wales & West Utilities - Older not Colder|16,271<br>744,762|(16,271 )<br>(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|





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## 

## 

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## 

||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<br>Retiring Females 2025<br>Retiring Males 2045<br>Retiring Females 2045|20.5<br>23<br>21.7<br>245|20.5<br>23<br>21.8<br>24.4|



|Fair<br>Value<br>of<br>Plan|Assets,<br>Present|Value|of<br>Defined<br>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<br>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)<br>Effects ofchanges in the demographicassumptions underlying the present value<br>ofdefined benefit obligation<br>- Gain / (loss)<br>Effects ofchanges in the financial assumptions underlying the present value ofthe|||||||(46)|
|defined benefit obligation<br>Total actuarial gains and|- Gain / (loss)<br> losses (before restriction due to some ofthe surplus not||||||185|
|being recognisable)<br>- 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||(£)<br>3||(£)<br>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<br>Remeasurements - amendments to the contribution schedule|1<br>83|(0)|
||Contributions paid in respect offuture service*<br>Costs recognised in income and expenditure account|*<br>*|*<br>*|



|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||||