REGISTERED COMP.4%V i%UNIBER.. 09473917 ff ngl*md Athd W*ks)
REGISTERED CHARITY YL'MBER: 11661M)3
s Limi
Ralph Bettany Associate5 Ltd
I Clare Stre
Ma1￿1[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 re￿tt 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 fOrpmn￿uTrg ￿ 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 CO￿ered by tk charity's activiries. The trus￿5 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$tc¢s ¢onfJnn that ih¢y havc ¢omplid with th¢ir duty und¢r thc Charitics A¢1 2011 to hgve duc regard to the
Cbarity Commission's get￿rnI guidance on public benefjL
Use of ￿'Oluntrtr1
VoluntC¢T% hai'e played an invalu¥ble rol¢ durin8 thi$ 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 t￿ha￿t opp)rtwxities Oser the course of 202425 as our ￿lee de%'elop&

STRATEGIC REPORT
Achlti"ement find ptrforni*fi¢¢
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-b￿d $upp)n io some of the mos*
isolated commwLiiies of South Il'des.
During the period w'e delJ&¢r¢d
- 51 Community based six-week ¢ourses
2Y4 Online workshops
- School rcsilicThce progr*mmes includin8 our six-week pro8ramTn¢ #nd Èndividual w'orkshops
- Pro8ratnme5 in local Further Educational EstsblishmenT5
- An enhanced progrdmme io reach oui ¢0 vuln¢rdblc group5 in Rhondda C)'non Taf. This hos enabled diTe¢t enga8Jn¢nt with a
widcr group of kw1¢ with parti¢ular support t1c￿lS e.8. &bTnCSli¢ abus¢. chronic hcalth ¢ondition& wlncrablc familics. older
p¢opl¢, homeless people and those in supp)ned Ilousing.
- Continued deNel()pment Jnd d¢livery of a n¢M' six-wttk for thox¢ with ADHD in tollaborniion wth T4ff Ely Primary
Carc ClustCT. Dunng Ihc p¢n(MJ, funding *'&$ also to ¢xtyid thc progrfin￿ on a pan Cwryn Taf Mor8afLnwg basis
Workplace wellbein8 iniiiaiives
Re*¢h and Impitl
Our services Saw increa￿d 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 knowI￿Se and skills 8a*ned from
our courses
o (hjr wcb resource5 19270 users
o Th¢ W8nvi¢k Edinburgh Mentsl Wellbeing evaluation ￿01 $l￿Wed pcopk reporuDg improved wellbemg
Fln*n¢lg1 revle
Fln*D¢lg1 posltlott
Difv¢rsifieaiion oloiir Èncome strvams has rematned a kry aim during the period. Thi5 aim hos t*en achievuj through
continucd Hrre)S to funds via Primary Care Cluskns. the ongoing sup1￿ of th¢ he41th Fx)ard and a ne* service for
those wilh ADHD. We aniicipnte coniinu¢d in 4 nun**r of these areas.
PrErt¢lpil fuDdlng sources
Our principal fundin8 sourccs for the yw ¢omprised of -
Our SLA ￿lih c￿ T•fMoTgannwg University Health 80gTd
o Shared Prosperity Grani fundÈn8 via R(1 Council
o Funding from 4 Pnmary Care Clusters in support of our work in S¢hools
o FundiTr8 from Aneurin Bei'an University Health Board
o Fuodi08 from l(xal Further Edu¢ational Esthblishments
o F•rned iThcom¢ d¢lii"erin8 S¢SSiOrnS to I￿al employers
R¢xerveJ pollcy
The Truste¢s have revitt¥ed the reserves policy. ith accordance Chan"ty Commission guidelincs. The year has seen a
¢onl1nllL￿ improvemerti in ihe chan'iy'5 r¢setV¢5 P)sition. SLIP￿rtin8 the ongoin8 susthinabiliry ar)d financial viability of
th¢ ofganisaiion. The or8anitaTiOn'$ 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.)
Fln8ncl*l re￿1¢￿
Flnasrl*l Ind rlsk m*n•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%.ati￿e 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 ￿lAp￿AG￿lIfE￿IT
Governln# dotumetst
The goi'erning document of the ch￿lty is its MernorarwJLun and Arthcles of AsKtiaiion - incotpora*d 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 tr*lnlDg of nevi tru$lt¢s
Considerdlion of appropn31c and Tel¢N"ani skills 8Dd eA￿l￿￿e is givcn when intr￿Ucing new trknsiees to thecharity. Th¢
Chair person 15 T¢spoll5ible formakin8 tnLslcesa*areOftheir￿s￿nslb1j1l1¢s under Chanii¢s A¢i 2011. and amts8in8
appropriate indu¢iion and ￿8]ning. ￿ in¢lude safebwding IrahDin& The Ex¢cutiNc Dir￿10[ will enswr thai Dis¢losure
and Barring CheLks gre widertaken wI￿re requird.
Risk th*#¥g¢m¢nt
The tnjsttts hai'e aduty to ideniify and revie*. the risk5to which thecbarity iSex￿d and tOeDsure appropriatccontroI$
are in pl￿¢ w prvNide rea5unabl¢ a8*inst fraud a￿j 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 ￿rn￿of th¢ SLA with thc Cwtn T*f Mor8aDAW8 Health Boar¢ securll￿adeq￿at¢ funding
io continue to provide the inNTrvaiive service and proJMing the servi¢¢ with ￿￿11]81 seryi¢¢ users.

Vall
REFERENCE AiYD ADMIYISTRATITr'E DETAILS
Reglstered Comp*DW Dumber
09473917 IETh8land and Waiesl
Reglslered Ch*rlty 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 SetTtI*ry
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 sigr*d QD the trN)grd'$ behalf by..
Professorj P Rhchards- Tr￿51￿

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 directs￿5 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 a￿j11¢d
under Part 16 of the 2(X)6 Ad and are elk8tble for INJ¢￿d￿l 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 examin*ion. l Confirm thot rnat*r5 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 req￿L￿eMent 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 th*M) 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
Lnresrric*d 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 CLRRE￿T
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 a￿111 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 fiTw*ial 51at¢llMt$ for the year et)d¢d
31 Mareh 2025 in a¢¢ordanc¢ with Section 476 of the Cony8nies Act 2(M￿.
The In￿1¢¢$ aeknowledBe their reS￿nsibilIti¢$ 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 tr￿e 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¢ fiD￿la1 Stalen￿lS were approved by the Board of Tn]stees ￿tt￿LS¢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 prep*rSn8 tbe fiThaDci*l ￿￿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.. StaicTr*nt of
Recommended PTadice applicable to chariiÈes prepaTinB their accounts in accon￿¢ with the FinanE1￿ R¢poftLll8
Stand￿d applicable in the UK BEMI R¢public of ireland IFRS 102) {eff¢ctiv¢ l January 2019)., Financial Reporting
Standard 102 The Fi￿n¢t￿l RwnLng SthrthTd appli¢able in the LK and Republic ofirelatxl. atkl COMP￿leS
A¢t 2(M)6. The financial swen*nts haN¢ been prepared under the hI￿Orie41 ¢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 M￿Ured reliably.
Expendl¢ure
Li&biliiics are rccognised ￿ ex￿ndi￿re &$ a$ there is a legal 01 constrUai%'e obli8a¢ion commillin8 the chaiity
10 Thai eXPe￿]it￿re. 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 ￿ouT￿ted 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 ann￿7 ra*5 in ord¢r off exh asset over ils estimaic4J UEeful life.
FiiwrES and fititiigs
Collyu*r¢quipt[￿llI
254/0 on cost
25•h ott cost
T*xiilon
The ¢hartty 1$ exempt frorn COTporntion tsx on its chtirithble acti￿11¢
Fund KtountlDg
UDr¢$tric￿d funds Can bc u%d ID att4)rd#nrt wrth th¢ ¢lwi"tsbl¢ objcclives ai th¢ discretion ofthc tyusitts.
Restricicd funds c4n Mly be ￿ for Particular restri¢kd puryx)se5 within objects of the ¢h8rity. RestrictioDs arise
whcn %pecified by thc don￿ or when are raised for p&rti¢ular purwb*$.
FuTth¢r explanation of the nature aTwJ purw of e4ch fu￿1 is Incl￿ in the notes to the f]nw￿l81 5tat¢m¢nts.
DOSATIONS AYD LECACIES
31.325
31.3.24
Donatio
1.993
916

Val
Not to Ehe FinarKi&l Stale
IliN'EsTmE￿T IllCO￿lE
31.3.25
31.3.24
Deposit aE¢ouM interest
7,189
553
4. IP*COME FRONI CHARITABLE ACTIVITIES
To promote the ad%'wen*ni of menthi health for the bertfil of th¢ Comm￿11]¢$ ￿ W4l¢s throu8h the PTovision of
therapeutic iniervenrions.
31.3.25
31.3.24
Delivery of Wellbeing Cour5e5
138.343
120,855
Service Level Ag￿en￿nts
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
R*b5in% dtynatiotss and leg•¢l
31.3.25
31.3.24
Scssional Prn¢tiiioner5 costs
1.694
6. NET INCOMEIIEXPENi>rruREI
Net incon￿l(exPend1￿1reI 1$ sts*d 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, REMUr*ERATIO￿ AND BEYEFITS
There w¢r¢ no trustees, remuner*ioll or other be￿fits lor the year ended 31 March 2025 nor for the ye8r end¢d
31 M￿Ch 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 ;, AdMiniStr￿lye 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 AcTIV￿lEs
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 advancen￿nI of n￿al 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 Ma￿h 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 fi￿￿j
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 JM*vemeni In fupds
Nd
Ai 1.4.23
in ful￿$
Ai 1.4.24
Restricted fvnds
Unrestricied f￿rtd5
267.987
40.922
308.909
TOTAL FUNDS
267.987
40.922
308,909
Net n￿veMen1 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 state￿11 of Fi
ial A tiTrri
31.3.25
31.3.24
IliCO%IE Af*D 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]
Tol*l In¢omln8 regOUTce5
395.Q2•
365.47Q
EXPENDITURE
R*151ng dtsn*doas aDd ieE•d
se￿￿10nal Prnctil1orte￿ COSL8
Cb*rltAble 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
M*nxgenbeJbt
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
M*nAEeJneTrt
Fln*Dce
Bank char8es
Ikpr¢¢iation of tangible r￿ed assets
497
,679
188
1.430
2.176
1.618
HumAts Ye￿￿re£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