REGISTERED COMP.4%V i%UNIBER.. 09473917 ff nglmd Athd Wks) REGISTERED CHARITY YL'MBER: 11661M)3 s Limi Ralph Bettany Associate5 Ltd I Clare Stre Ma11[0 Sw'ansea SA5 9PG
Lirni C¢)ntents of the Financiol Statements for the Year Ended 31 h202 Pag¢ Report of the TTus*e5 I to 4 Independeni Examinerfs Report Stalcmcni of Financial Activitie5 Balance Sheet Notes io thc Finan¢i41 Starnts 8 w 13 Detailed Stst¢ment of Financial Activities 14 to IS
Limi The tru5tccs who are also dirttiors of th¢ chariry for lh¢ puryJos¢s of the Companies A¢t ?IM)6. present their rett with the fit)aneial stsletnents of the eharity for the year ended 31 Marcb 2025. The trusitts baN'e adopted th¢ protrisions of Accountin8 and R¢poning by Chariti¢5.' Statemeni of Recommend¢d Prnctice applicable io chaTitie5 preparin8 iheir accounts Ln ac¢oTdanc¢ w'ith the Financial R¢FK)rtins Standard applic¥ble it) th¢ UK and Rcpublic of Ireland IFRS 102) leftective l Janu 20191. OWECTIVES A.YD ACTIVITIES ObJeetlTr'e5 and •lms Thc Charl formall). exists 4ccordin8 to its Memthth fOrpmnuTrg advanccmeni of menthl health for the benefit of the comrnunities in Wales through the proiision of thryKuii¢ in*ThrThtLons. Publk benefit The ¢haTJty'S pu is to ben¢fil th¢ p)pulation in the area COered by tk charity's activiries. The trus5 Can confjnn aJd evidence thai th¢ a¢ii%'ities carried oui by the chariry throughoui the Iw5t ycar hai'c for th¢ benefii of those wlko required it. Thc biJ$tc¢s ¢onfJnn that ih¢y havc ¢omplid with th¢ir duty und¢r thc Charitics A¢1 2011 to hgve duc regard to the Cbarity Commission's getrnI guidance on public benefjL Use of 'Oluntrtr1 VoluntC¢T% hai'e played an invalu¥ble rol¢ durin8 thi$ Volunteer5 ttlso supponed our online delivery durittg the period hlIst also supwiing communiry engagement e%'ents. We greaily ¥alue rhe contybution made ty our volunre¢rs aThd have sought to that opp)rtwxities Oser the course of 202425 as our lee de%'elop&
STRATEGIC REPORT Achlti"ement find ptrfornifi¢¢ Ch•rltable a¢tlThlties The year has seen Vallrys Step5 conttnue w extend its reach r¢sidents of South Wales. We ha¢ 'ittKs5ed continued growth i our offer, both in iernjs of b¢n¢fi¢i3rie5 a¢¢¢$5108 our ser¥"i¢e and the range of s¢rvi¢¢s we otTer. The organi5atior) has continued delivery of & hybrid s¢Jvice u151ising a range of online plarforrns well 4$ d¢li)'ering plaCe-bd $upp)n io some of the mos isolated commwLiiies of South Il'des. During the period w'e delJ&¢r¢d - 51 Community based six-week ¢ourses 2Y4 Online workshops - School rcsilicThce progrmmes includin8 our six-week pro8ramTn¢ #nd Èndividual w'orkshops - Pro8ratnme5 in local Further Educational EstsblishmenT5 - An enhanced progrdmme io reach oui ¢0 vuln¢rdblc group5 in Rhondda C)'non Taf. This hos enabled diTe¢t enga8Jn¢nt with a widcr group of kw1¢ with parti¢ular support t1clS e.8. &bTnCSli¢ abus¢. chronic hcalth ¢ondition& wlncrablc familics. older p¢opl¢, homeless people and those in supp)ned Ilousing. - Continued deNel()pment Jnd d¢livery of a n¢M' six-wttk for thox¢ with ADHD in tollaborniion wth T4ff Ely Primary Carc ClustCT. Dunng Ihc p¢n(MJ, funding '&$ also to ¢xtyid thc progrfin on a pan Cwryn Taf Mor8afLnwg basis Workplace wellbein8 iniiiaiives Re¢h and Impitl Our services Saw incread public enga8ement compgred w 2023124. This was r¢fl¢ded in attendance of our courses and it)dividuals m8kin8 Use of our website resources. o We recorded 491X¥ iThJkvidual •tt¢ndances on our wmmuniry and online ¢OUT5e5 0 8V/o of people raied our courses 80(Nl or excell¢Tht 0 92.3D/o of people r4t¢d the acctssibiliTr of our s¢r¥ice 85 high 0 73.1 /0 of pty)ple report high l¢vels of confidaKe that thcy would make use of the knowISe and skills 8aned from our courses o (hjr wcb resource5 19270 users o Th¢ W8nvi¢k Edinburgh Mentsl Wellbeing evaluation 01 $lWed pcopk reporuDg improved wellbemg Flnn¢lg1 revle FlnD¢lg1 posltlott Difv¢rsifieaiion oloiir Èncome strvams has rematned a kry aim during the period. Thi5 aim hos ten achievuj through continucd Hrre)S to funds via Primary Care Cluskns. the ongoing sup1 of th¢ he41th Fx)ard and a ne service for those wilh ADHD. We aniicipnte coniinu¢d in 4 nun*r of these areas. PrErt¢lpil fuDdlng sources Our principal fundin8 sourccs for the yw ¢omprised of - Our SLA lih c T•fMoTgannwg University Health 80gTd o Shared Prosperity Grani fundÈn8 via R(1 Council o Funding from 4 Pnmary Care Clusters in support of our work in S¢hools o FundiTr8 from Aneurin Bei'an University Health Board o Fuodi08 from l(xal Further Edu¢ational Esthblishments o F•rned iThcom¢ d¢lii"erin8 S¢SSiOrnS to Ial employers R¢xerveJ pollcy The Truste¢s have revitt¥ed the reserves policy. ith accordance Chan"ty Commission guidelincs. The year has seen a ¢onl1nllL improvemerti in ihe chan'iy'5 r¢setV¢5 P)sition. SLIPrtin8 the ongoin8 susthinabiliry ar)d financial viability of th¢ ofganisaiion. The or8anitaTiOn'$ PO8llJon on res¢ryes is the rnakntenance of 3 monrhs opeTation81 ¢08ts in the ¢veni of needin8 to wind down th¢ organi5ation 1 any rernainin8 re5m'e sei aside fororganisational developmeni of investrnent in new seryi¢e deltveTJ' as a mean5 10 secure new incoTne. Investtneni in OT8anisational developmeni OT service delii'ery will b¢ infornied by fvll ¢lIatiOn with stsff •nd 5thkeholdm.
STIL4TEGIC REPURT (eontd.) Fln8ncll re1¢ Flnasrll Ind rlsk mn•yty¢•t obJ¢¢tlv¢s Dd poll¢ks The tru5¢ee5 have eonsadered the major risks 10 "hirh th¢ Cthartty is exp05¢d. have Ye¥iewed ihese risks and h&we established systems and Procedures 10 mana8e them. Th¢ key risks are delivering the ternis of the SLA with the Cwn Taf Morgannwg Ilcalth Board. secuTin8 adequaie ndIn8 10 C£1]e tts proyide the tnn0%.atie service and promotin8 the service wth poieniial sm'ice u5er5. Fulurt Plins Vallc)'5 Sicps seeks thc continued panSIOn of our servic¢ offer to in¢lud¢ 5urry 5bJdents Dnd young pcoplc. our work supp)nin8 Primary Care S¢¥viees &$ well $ our work with employers promoting workplace M"ellbein8. The coniinucd devclopneni of our service offer will fo a kcy part of organiwional stratrgy moving forward. ThL5 WIII includc
Sceking l¢)nger renn funding following su¢¢¢ssfvl pilofi¥w of our wrt with ents and youn8 peqjle.
S¢¢king ¢0 expand funding ¢0 widen 4¢¢ess to our grnutsd-brcakin8 ADHD pn)gttmme
Sccking to broadcn our 8¢08r8phical reach and a¢c£ss 10 ncw fuDdin8 Streams. This will in¢ludc Tcvision of our
memorandum and articles of a550ciaiion to in¢tsrw)Tar¢ 811-Wales Stall.
Coniinuitt8 10 cngag¢ with key stskeholders in SthDJW and th¥Td sttiors in identifyithg need Ind developin8 n¢W
s¢rvLces fith¢r diversify our incorn¢ str¢ams 5ep*'i¢e offer.
C.on%id¢ring str8ie8ic investment in our sthtTLng restyJrc¢s fariliiate ryh.
Invesmienr in mark¢tinB io rni5e awareness of our offer a wider audience.
STRL1CTLRE. Gutr EKYAYCE lApAGlIfEIT Governln# dotumetst The goi'erning document of the chlty is its MernorarwJLun and Arthcles of AsKtiaiion - incotporad on the 17th ik¢¢mber 2014. The Charity is rt8iSteTed 85 a privgie company. limited by guarnrtiee. R¢crultrneTrt #ad ppolntmenl of 1rnSttes New irus1¢¢5 ELr¢ recruited by peNJnal inrroduction. aftd app)inttyJ ty i resolution of the ¢xi4in8 Injsitts. in &¢¢ordance wilh Ibe Chanty'5 consliwiion. IDdu¢tloD ADd trlnlDg of nevi tru$lt¢s Considerdlion of appropn31c and Tel¢N"ani skills 8Dd eAle is givcn when intrUcing new trknsiees to thecharity. Th¢ Chair person 15 T¢spoll5ible formakin8 tnLslcesaareOftheirsnslb1j1l1¢s under Chanii¢s A¢i 2011. and amts8in8 appropriate indu¢iion and 8]ning. in¢lude safebwding IrahDin& The Ex¢cutiNc Dir10[ will enswr thai Dis¢losure and Barring CheLks gre widertaken wIre requird. Risk th#¥g¢m¢nt The tnjsttts hai'e aduty to ideniify and revie. the risk5to which thecbarity iSexd and tOeDsure appropriatccontroI$ are in pl¢ w prvNide rea5unabl¢ a8inst fraud aj error. The ¢hariiy onls has financial assets and financial liabtlities of 4 kind qualify as basic financial instruments. Basie rinonci81 instruments are initiall). mtasurrd at IrdnsxTion v8]u¢ and subsequeoily ai 5eiilemeni. The tnjsiees have ¢oft$idcred the mbjor risks to which the ¢harity is have reviewed these risks and have estsblished iniemal systems and pyocedwes to manage thenL Th¢ key risks are d¢liveTU)8 the rnof th¢ SLA with thc Cwtn Tf Mor8aDAW8 Health Boar¢ securlladeqat¢ funding io continue to provide the inNTrvaiive service and proJMing the servi¢¢ with 11]81 seryi¢¢ users.
Vall REFERENCE AiYD ADMIYISTRATITr'E DETAILS Reglstered CompDW Dumber 09473917 IETh8land and Waiesl Reglslered Chrlty number 1166003 ReKlstered office Ty Arttur IG71 Navigation Park ABERCYNON Rhondda Cynon Thff CF45 4SN Truiteel Ms K Da.1¢9 PDd%ie Ms L Lvan5 Ms C Kerniath Prufe%%ur J P Richari Cornpany SetTtIry IDdependent Eiamlntr R C Bettany FCA ICAEW Ralph Il¢iian} A5)CiateS Lid I Clare Sireei Man5¢1ion Sw#ns¢a SA5 9PG Report of the ¢nist¢¢s. ihcorpoT¥ttng a sty8te8ic rep)rL approved by Order of the ih)4rd of tn]stces. &s the company direfflor5. On 4th D¢¢ember 2025 sigrd QD the trN)grd'$ behalf by.. Professorj P Rhchards- Tr51
eni ssre Valle s Limited IndependeDt examinw's report to the tr•¢e5 of I'allt>'s Steps Llmlted {'the Compan),) I report w ihe chariry ETusieLS (ffi my examinAtion of the accounts of the Company for the year ended 31 March 2025. Re5poDslbllltle5 and basis of report As ihe charity's trusltts of the Cotnpally laDd th its directs5 for the PUTW5CS of Company lawl you 3re responsible for the preparation of the a¢couDts io ¥¢ord8tte¢ with the r¢quirements of the Companits Act 2(Y)6 {Ih¢ 2(Th ACV). Ho1'in8 sgtisfJ¢d myself the accounts of the Compsny are not required to be aj11¢d under Part 16 of the 2(X)6 Ad and are elk8tble for INJ¢dl examinJtioTh I report in resrtti of my examination of your rhwity's accounts a5 faFTicd out under S¢¢tion 145 of the Charitie5 Act 2011 I¢ 2011 A¢t'). In canyingout myexsminstion I hatre followed the Dirrftion$ given by the CTh¥rity Cornrnission under Section 14515) Ib) of the 2011 A¢1. IDdtpendtJbt ¢samltt¢r'$ st•t¢th¢o¢ I have compleied my examinion. l Confirm thot rnatr5 have me to my ovention ¢onneciion with the ex8minaiion ¥iving m¢ cause io l1¢Y¢.. l. accounung weff noi kept in respeci of the Compkny requwed by Se¢u"on 386 ofthe 21M)6 A. or 2. the ac£ouDts do #¢cord With those rec¢xd&' or 3. the accounts do noi comply 1¢h the accouniinB requirements of Sectioth 396 of the 2006 Aci oth¢r than any reqLeMent that a¢¢ounis give ¥ irue and fair view whi¢h is noi a matter considered as part of aTh indynd¢nt exaEnillatioL.' or 4. th¢ accowits have JM>t b¢rn prepared Jn acrord8nce w'ith thc methods Sad principles of the Sthiemeni of Rccommeth Practire for accouniing and rewrting by chariiie5 (applicable to chariri¢s PTepaTing their oc¢ounis in accordance with the Financ lieporfing Standard plicabl¢ irt the LK &KI Republic of Ir¢l¥nd IFRS 10211. I have no eoncern5 and havc come across no other matters sn connectiort with the examinaiion to which attentioth should be thM) iD this rewrt in order to ¢nable a prop¢r ut)der5tsnding of ihe x¢ounts to be reac1. R C Beitany FCA ICAEII, Iph B¢ttaoy Assttiales L I Clare Strr¢t Man5elton SA5 9PG Dat¢.' 4th D¢cemt*r 2025
Stai¢m¢nt of F. Notes 31.3.25 Tot81 31.3.24 Total Unrestrict¢d Restricted funds Ir4CO.ME APID EI%DOWME.YTS FROM Donations and l¢gaeics 1.993 1.993 916 Charitable activlties To promote ihe advanreTWli of health for th¢ ben¢fit of the comrnunitie$ in Wales through the provision of ther3p¢uii¢ intm'cnlion5. 331.701 54.139 385.840 364,001 LThvesmJeni irtcome 7.189 340.883 7.189 553 TotAI $4,139 395.022 365,470 EXPEYDITURE OP• Rai5iTr8 funds Ch*rliible g¢dTr4tles To promoie (he advaocenrM of health for th¢ benefit of th¢ ommuniiies in thrvugh the provision vftherapeuiLC Liil¢rY¢lllion5. 272.381 54.139 326,520 3{},108 Other 21.950 21.950 13.746 Total ?94,931 54.139 349.070 324.548 NET INCOME 45.952 45,952 40.922 RECONCILIATION OF FIIYDS Tothl funds brou&bi foThvaTd 308.IX 308.91P) 267,987 TOTAL FUNDS CARRIED FORWARD 354,861 354,861 308,909
Bal 31.3.25 Toul 31.3.24 Total fund5 Lnresrricd Res¢ri¢i¢d FIXED ASSETS TaDgiblc 10 5.042 5.042 4,290 CURRENT A&SETS tkbtor5 C&8h at bank llrwj in hand 13,987 388.115 402.102 13.987 388 115 402.102 12.089 412,193 CREDITORS Amounis falling within i)ne year 12 {12.233) (122331 (11,373) NET CURRENT ASSETS 3119.869 389,869 4(KJ,820 TOTAL ASSETS LESS CLRRET 394.911 394.911 405,110 ACCRbALSAND DEFERRED IP4"CO%IE 14 140.OSOI (40.050) 196.2011 NET ASSETS 354 861 354 861 FLNDS 354861 354 861 308 909 The chan.uble company is eniiiled w Cxcrylion from a111 under Se¢iion 477 of the Companies A¢i 2006 for the year ethd¢d 31 March 2025. The members have not required thc conwny to obrain an awjir of its fiTwial 51at¢llMt$ for the year et)d¢d 31 Mareh 2025 in a¢¢ordanc¢ with Section 476 of the Cony8nies Act 2(M. The In1¢¢$ aeknowledBe their reSnsibilIti¢$ for {al ensuriThg thfyt the chan¢obl¢ ¢omp8ny keeps aC¢(tn8 records c(wly with Secn'i)ns 386 and 387 of the Componies Act 2006 and Ibl prepariTh8 financial 51aiements whi¢h 8ive a tre and fait view. of the sta of affoits of the charitable company as at the CT¥J of each finwwial year and of its swplus or d¢fJ¢it for ¢¥h financi81 year in oc¢ord8nce with the requirements of Scciions 394 ond 395 aT¥J which otherwlse comply the requiremerkts of the Companies Act 2(#)6 r¢latittg ¢0 financial sTatemenLS, so far as applicable io the charitsble conwany. Th¢ fiDla1 StalenlS were approved by the Board of Tn]stees ttLS¢d for issue on 4th December 2025 and were sI¢d on it$ behalf by. 14.. IA.£ J P Richards_ TTU5t¢¢
Fina ia ACCOUNTING POLICIES Basls of preprSn8 tbe fiThaDcil teMeNts The fioancial statellffjts of the charithble con¥Jatty. wlllch is a pubihc bcncfit eDtity urth FPS 102. hjve been pr¢par¢d ith attordanc¢ With th¢ Chan"ties SORP IFRS 1021'Actountin8 athd R¢p)rting by Charsties.. StaicTrnt of Recommended PTadice applicable to chariiÈes prepaTinB their accounts in accon¢ with the FinanE1 R¢poftLll8 Standd applicable in the UK BEMI R¢public of ireland IFRS 102) {eff¢ctiv¢ l January 2019)., Financial Reporting Standard 102 The Fin¢tl RwnLng SthrthTd appli¢able in the LK and Republic ofirelatxl. atkl COMPleS A¢t 2(M)6. The financial swennts haN¢ been prepared under the hIOrie41 ¢OSL ¢oni'entioTh. All income 1$ reco8nis¢d in the Ststement of FinaTKial Aciivities otKe the ¢han'ty h8$ entitlement to the funds, li 1$ probable thai thc incon will be received atwj aftKJuni can be MUred reliably. Expendl¢ure Li&biliiics are rccognised exndire &$ a$ there is a legal 01 constrUai%'e obli8a¢ion commillin8 the chaiity 10 Thai eXPe]itre. it is probable thai a transferof economic bthefits will be required in 5ettlemeDI and ihc amouni of the obli8ation can be measured reliably. ExpcThJinLre is ouTted for on an accDJals basis and h&s been class>fied UEkleT h¢adin83 thai awe88 all c051 relaied to the catr80ry. Where ¢osts caiwt be directly attributed to pani¢uiaT headings th¢y hai'e been allocated ¢0 actii'iti¢s on a basis consistent with the use of r¢wuTtes. Tary¥ibk flxed aJ¥ets Depre¢iaiion is provided at the folk)wing ann7 ra5 in ord¢r off exh asset over ils estimaic4J UEeful life. FiiwrES and fititiigs Collyur¢quipt[llI 254/0 on cost 25•h ott cost Txiilon The ¢hartty 1$ exempt frorn COTporntion tsx on its chtirithble acti11¢ Fund KtountlDg UDr¢$tricd funds Can bc u%d ID att4)rd#nrt wrth th¢ ¢lwi"tsbl¢ objcclives ai th¢ discretion ofthc tyusitts. Restricicd funds c4n Mly be for Particular restri¢kd puryx)se5 within objects of the ¢h8rity. RestrictioDs arise whcn %pecified by thc don or when are raised for p&rti¢ular purwb$. FuTth¢r explanation of the nature aTwJ purw of e4ch fu1 is Incl in the notes to the f]nwl81 5tat¢m¢nts. DOSATIONS AYD LECACIES 31.325 31.3.24 Donatio 1.993 916
Val Not to Ehe FinarKi&l Stale IliN'EsTmET IllCOlE 31.3.25 31.3.24 Deposit aE¢ouM interest 7,189 553 4. IPCOME FRONI CHARITABLE ACTIVITIES To promote the ad%'wenni of menthi health for the bertfil of th¢ Comm11]¢$ W4l¢s throu8h the PTovision of therapeutic iniervenrions. 31.3.25 31.3.24 Delivery of Wellbeing Cour5e5 138.343 120,855 Service Level Agennts 193.3511 2(Kl.641 Grants 54.139 36.505 385.840 364.001 Grants rrf¢1V incltyled ID thc thbv¢, #r¢ &$ folloTrT." 31.3.25 31.3.24 Shared Prowrity Fund IRcfcBCI 54.139 36,505 S. RAISINC FLINDS Rb5in% dtynatiotss and leg•¢l 31.3.25 31.3.24 Scssional Prn¢tiiioner5 costs 1.694 6. NET INCOMEIIEXPENi>rruREI Net inconl(exPend11reI 1$ stsd a(r ctwgtnWlcreth"ting}'. 313.25 31.3.24 Dcpreciation. owiKYJ IIiTe of Venues Other operdting Ic&se5- rent 1.679 9.933 8,308 1,430 6,921 8.395
ia 7. TRUSTEES, REMUrERATIO AND BEYEFITS There w¢r¢ no trustees, remunerioll or other befits lor the year ended 31 March 2025 nor for the ye8r end¢d 31 MCh 2024. Tru5tees' expens There were TX) trustees. ¢xpeTW paid for the JtareThJed 31 March 2025 nor for the year end 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages atxl salan'es Social securkty ¢OSts Other pension cos¢s 254,588 15.848 15.737 286,173 251.195 15.052 14.310 280.557 Th¢ avera8e monthly number of enylo)Yes durinB the ye4rTrts as followJ.' 31.3.25 31.3.24 Proj¢ct Mana8 Volunieers ;, AdMiniStrlye Assistant Lead PTwclilioner Cour5¢ PraetLILoner Finan¢¢ knislant No employees rtceived ertK¥luments in excess of £60.IYX). 9. COMPARATIVES FOR THE STATEMEYT OF FI.NAYCIAL AcTIVlEs Unrestricted Ke5tricted To(al lTriCOME AND ENDOWMENTS FROM Donations aT)d 1¢8acies 916 916 Ch#rlt#ble $crfirftles To promoiL the advancement of nmtal health for ihe benefii of the commtstsities in Wales throu8h the provision of thernpeutic interveniions 327.496 36,505 364,001 Investment incon 553 553 Tot*l 365 470 io
Tnen COMPARATIVES FOR THE STATEMEYT OF FIliAN4CIAL ACTII."ITIES- bDrestrictr4J Restriried funds Total EXPEYDITURE OPI Raising fund5 1.694 1.694 Chirii*ble x¢tlvltl To promote the advancennI of nal he81th for the benefit of the cotrttnuniiies in Wales through the provision of ther4kn¢ iOtm¢ntions. 272.603 36.505 309.108 13.746 13.746 Total (H3 24 NET IPICOME 40.922 40,922 RECONCILIATION OF FUNDS Total fvnds brought fDrwwd ?67,987 267.987 TOTAL FUNDS CARRIED FORWARD 308.909 10. TANGIBLE FIXED ASSETS Cornpu equTpm2nt riliings Tothls COST Ai l April 2024 Additko 13.6(M) 2.431 18.4(N) 2.431 At 31 March 2023 4.8(Kl 16.031 20.831 DEPRECIATIO At I April 2024 Char8e for yesr At 31 March 2025 4.174 156 9.936 1.523 1,679 4.330 11.459 15.789 NET BOOK VALUE Al 31 Mah 2025 470 4,572 5.042 Ai 31 Mor¢h 2024 626 4.2 li
I I. DEBTORS: AMOUNTS FALLIYG DUE WITHTh ONE YEAR 31.3.25 31.3.24 Trade debtors oir)¢¢ Bonds 13.166 821 11.268 821 13,987 12.089 12. CREDITOJLS: AMOUNTS FALLIliG DUE WITHIN OYE YEAR 31.325 31.3.23 Trade crcditors Social securiry and other e5 Pensions Creditor Credki card hcr crcdttois Acerued expcnses 3.055 3,916 1.841 4,117 1.849 1.31 170 3.251 170 3.251 1?.233 13. MOVEMENT FUliDS Nd At 1.4.24 in fvnds At 1.4.25 UDreitrlcted fo•dA G¢ner81 fij 308. 45.952 354.861 TOTAL FUNDS 308. 45.932 354.861 Nei )vemen1 in furMI4 iTKIth in the •re as follow5.. Rcsow¢¢s Moverr*ul in filnds TOTAL FiINDS 395.022 349.070 45.952 12
Lirnit 31 13. MOVEMETriT FUYDS-eontlnued Compar•v for JMvemeni In fupds Nd Ai 1.4.23 in ful$ Ai 1.4.24 Restricted fvnds Unrestricied frtd5 267.987 40.922 308.909 TOTAL FUNDS 267.987 40.922 308,909 Net nveMen1 in included in the obov¢ ¢ ¥$ follo". In¢omin8 Movemeni in funds TOTAL FUNDS 365.470 324.548 41).922 A current year 12 and prior yw 12 cornbintd position 15 as follows.. Incorning Movemt in fvnds Rcstricied fimds Unresth¢ted fihnéts 669.848 582,974 86.874 TOTAL FUNDS 669.848 582.974 86.874 14. COITlTr4GENT LIABILITIES According 10 the ternLS of the release of thc WCVA wellbeinB boTrJ date4121 March 2023 the ¢h8n"ty undertakes to reinsthte pairyn¢nts if the relaiion5bip with the Tthf Mor8at)nW8 Univ¢r5iry Health Board changes such that I Cost sa%'in8s ansin8 from the social benefir5 deli%'ered were ty be ideniified as eniisaged in the orig]rt agreement lsa%'in8s share). In the opinion of the TnLsie¢s the ¢han¢¢s of this hapjxning are r¢TN)t¢. IS. RELATED PARTY DISCLOSLRES There were no l#l¢d pArty transaclions for tF* Ye 31 Mawh 2025. 13
Isiled state11 of Fi ial A tiTrri 31.3.25 31.3.24 IliCO%IE AfD EliDOWMENTS Don•tion$ •J)d tIeS DonaliuD5 1.993 916 tkposit accouul interr 7.189 553 Ch•rltAble acthldes Delivery olWellbein¥ Course5 SeThi¢e Level ABre¢ts Grants 138.343 193,358 54,139 126.855 2(X),641 36.505 385.840 3.00] Toll In¢omln8 regOUTce5 395.Q2• 365.47Q EXPENDITURE R151ng dtsndoas aDd ieE•d se10nal Prnctil1orte COSL8 CbrltAble acdi'ldes Wa8es Social security Pen5ion5 Hire of Venues Rent Telephone Course Mat¢riils Seeondmeni Charges 254.588 15.848 15.737 9.933 8J08 1294 161 251.195 15.052 14.310 6.921 8.395 1.160 993 2J44 695 308.213 298.721 Other Travel Losts Payroll Processing IT C051s Rwirs ond ren¢wals 2.642 1.485 9.156 1,336 1,372 7.679 13.283 10.387 Support Costs MnxgenbeJbt IrLsurance Postage and sr81ionery Staff Trainin8 1.389 1.475 3,502 .352 1.412 2.125 6.366 4.889 14
31.3.25 31.3.24 MnAEeJneTrt FlnDce Bank char8es Ikpr¢¢iation of tangible red assets 497 ,679 188 1.430 2.176 1.618 HumAts Yere£S Rccruitmeni aThl DBS ¢h¢cks 416 Other Promotional & PublLCLry ¢OS 8.554 2.242 Gov¢rn*Dce costs A¢countanc}' and legal fees 8.7 4,581 Total rwurces expended 349,070 324.548 Nrt Imeome 45.952 40.922 15