2024-03-31-accounts

THRIVE CARDIFF CIO

TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

Charity Number 1168563

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THRIVE CARDIFF CIO

TRUSTEES' ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name: Thrive Cardiff

Charity registration number: 1168563

Registered Office: 5 Llandennis Green, Cardiff, CF23 6JX

The Trustees: Sharon Ross (since 14/07/23) Chair Marie Macey (since 14/07/23) Treasurer Alison Parry-Jones (since 14/07/23) Tracey Woodberry (since 14/07/23) Kathryn Smith (since 14/07/23) Cindy Cleaver (since 01/12/23) Lee-Anne Mason (since 22/02/24)

Catherine Horton-Shaw (resigned as trustee on 30/11/23) Maria Carey (resigned 31/08/23) Chantel Wynter (term ended 22/08/23) Annmarie McLaughlin (resigned 21/11/23) Lisa Morgan (resigned 22/08/23)

OBJECTIVES AND ACTIVITIES

The purposes of the charity as set out in its governing document are that the Association is established for:

the relief and assistance of children, young adults, families and carers in need by reason of learning difficulty or disability in South Wales, in particular but not exclusively by providing and arranging respite breaks, recreational trips, events and activities.

Thrive Trustees are all volunteers and are not paid staff.

Membership is open to any family with a child/young person with a disability. Membership is currently charged at £20 per family per year. Trustees meet at regular intervals to discuss the aims of the groups and to ensure policies are being followed. All members are able to attend regular trustee meetings on request except for any confidential issues.

The main activities thrive provides fall into three categories

1) During school holidays Thrive organises and facilitates access to activities & events for our families.

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THRIVE CARDIFF CIO TRUSTEES' ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2024 (continued)

Most activities and events are subsidised by the charity. Families pay towards covering the costs of any activity/event that they take part in. The activities are planned and run by the trustees and volunteers.

2) We also continue to run a holiday home that provides our families with short breaks at rates that are considerably lower than would normally be available. Many of our families simply cannot afford to go on holiday and/or are concerned about the suitability of accommodation for their disabled family members. The holiday home can also be used by families for a short break from their caring role.

3) During the term time, Thrive Cardiff provides exclusive soft play sessions for our families to attend. These sessions are closed to the public so that our families are able to relax in a safe, secure space where they are not judged or discriminated against. These sessions are also subsidised.

We confirm the trustees have had regard to the Charity Commission's guidance on public benefit. Trustees are regularly reminded of guidance issued by the charity commission. All activities are planned following the public benefit guidelines.

ACHIEVEMENTS AND PERFORMANCE

Events, Trips and Play Sessions

Activities throughout this year have included walks, craft, virtual reality sessions, exclusive cinema, theatre trips, Snowtubing, Breakfast with Santa and many others. There have been 4 day trips this year.

Grants and Donations

There have been no grants received during this financial period.

Holiday Home

Bookings for the holiday home were particularly low during this year due to the need for some major refurbishments combined with a lack of electricity on the whole site for an extended period. The property has been painted throughout and there was essential replacement of some furniture items. The heating system, some of the window units and the front door were all replaced this year. The refurbishments have now been completed and the Trustees expect increased bookings for 2024.

Membership

At the end of January 2024, we were still supporting over 100 families. Our families continue to access our wide range of activities. Members have the ability to book a holiday at our holiday home from March until December at a reduced rate.

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THRIVE CARDIFF CIO

TRUSTEES' ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2024 (continued)

Volunteers

The Trustees would like to thank our volunteers who assist with hosting and organising events. Our volunteers have again this year supported the trustees, and they are invaluable to Thrive.

Child Protection Issues

No issues were reported. Parents and carers are always present at any Thrive activities and remain responsible for their children throughout.

Complaints

We are pleased to report that no complaints were received.

Going Concern and Post-Balance Sheet Events

The charity’s reserves have reduced over the last 3 years but we continue to be in an overall healthy position. Fundraising has been difficult but the trustees remain committed to raising funds so that we can continue to support our families.

We continue to seek input from our members regarding the type of activities they would prefer and will review the subsidy for every event in order to use the charity’s money to best effect. The annual membership fee will remain at its current rate of £20 at the next renewal date.

The trustees have undertaken to improve the number of bookings at out holiday home. The Trustees also continue to review the costs involved in maintaining the Holiday Home so that an appropriate amount is charged to members who book a holiday. The Holiday Home charge will remain well below commercial holiday let levels.

FINANCIAL REVIEW

The financial performance of the charity is shown in the attached receipts and payments account and statement of assets and liabilities.

In the year to 31 March 2024 Thrive Cardiff’s receipts were £10,930 (2023 £18,058). Payments for the year were £32,603 (2023 £25,903). There was a deficit for the year of £21,673 (2023 £7,845).

The charity did not receive any grants or donations during the year and the general financial situation remains difficult. Income is entirely from membership fees and the charity’s activities which are subsidised.

Receipts were lower than in 2022/23, partly because the charity received no grants or donations during the year. The very reduced income from the holiday home also contributed to the increased deficit compared to the previous year. The trustees are aware that in the current year losses were high and need to be significantly reduced moving forwards. The deficit on trips and events was almost £10,000 and as a result the new trustees have carried out a review of the charity’s finances during the

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current financial year. The income and costs for each event are now dosely monitored to ensure that large deficits are avoided. Losses on the holiday home were £8,780. One off costs of renovation, new equipment and replacement fumishings were over £6.000. The chalet is currenty being activety promoted to increase income. The unrestricted cash reseNes of £28,800 at its year end mean that Thrive Cardiff remains in a positive financial position. reserves mean that the charity can continue as a golng con￿rn and some of the cash held can be used to finan￿ the chartvs ongoing activities. STRUCTURE, GOVERNANCE AND MANAGEMENT Thrive Cardiff was registered as a new Charitable Incorporated Organisation (Registered CIO".1168563) in August 2016 and commenced trading as the new CIO (Foundation CIO) in April 2017 having tsken over the assets, liabilrties and actFvrties of the predecessor charrty. The CIO is govemed by its constitution and managed by its trustees, who are unremunerated. The goveming do1￿ment was changed to an Association CIO in September 2023. This means that trustees are elected by the charitys member5 as was the case before becoming a CIO. Throughout the year the Trustees continued to action and rev￿ our policies which are in place to safeguard our member families and to protect Thrive as a charity. Policies and guidelines Indude: Complaints Procedure Data Protection Policy Safeguarding Policy Holiday Home Booking Policy Volunteer Polic Equalities Policy Guidelines and Code of Conduct for Members Financial Controls Policy DECLARATIONS The Trustees declare Ihat they have approved the trustees, report above. Signed on behalf of the charity's trustees: Signatures: Full names: Sharon Ross Marie Macey Position (e.g. Seffttary. Chw): Chair Treasurer Date: 2910112025 291OV2025

REPORT TO THE TRUSTEES OF THRIVE CARDIFF ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NUMBER: 1168563 I report to the trustees on my examination of the accounts of the above charÉty (Ihe Trusf) for the year ended 31 March 2024. Responsib115ties and basis of the report As the charity trustees of the company you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Ihe Acf). I report in respect of my examination of ts Ttusys a￿OUnts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions gNen by the Charlty Commission under section 145(5){b) of the Act. Independent examinerfs Statement I have completed my examination. I cJ)nfimi that no material matters have come to my attention in connectron with the exarnination which gives me cause to believe that in. any material respect: accounting records were not kept in accordarlce with section 130 of the Actr, or the accounts do not acc(xd with the 8ccouMiNJ records. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understsnding of the accounts to be reactrEd. Name: Mrs Freda June Young Date: 27 January 2025

THRIVE CARDIFF

RECEIPTS AND PAYMENTS ACCOUNT for the Year Ended 31 March 2024

RECEIPTS	Unrestricted Funds 2024	Restricted Funds 2024 Total 2024 Unrestricted Funds 2023 Restricted Funds 2023	Total 2023
	£ 1,835 0 0 0 5,155 1,478 70 2,392	£ £ 0 1,835 220 0 0 0 5,983 0 0 0 0 0 0 0 352 0 0 5,155 7,821 0 0 1,478 2,242 0 0 70 0 0 0 2,392 1,440 0	£ 220 5,983 0 352 7,821 2,242 0 1,440
Membership Fees Donatons & Legacies Grants Fundraising Trips & Events Play Centres Miscellaneous Holiday Home Income
Total	10,930	0 10,930 18,058 0	18,058
PAYMENTS	3,534 0 21 15,122 297 1,080 874 501 11,173	0 3,534 3,380 0 0 0 677 0 0 21 26 0 0 15,122 14,866 0 0 297 357 0 0 1,080 1,080 0 0 874 231 0 0 501 85 0 0 11,173 5,200 0	3,380 677 26 14,866 357 1,080 231 85 5,200
Venue Hire (playcentres) Equipment, Stationery & Phone Prizes & Fundraising Expenses Trips & Events Insurances & Licences Independent Examiners Fees IT Equipment & Support Miscellaneous Expenses Holiday Home Expenses
Total	32,603	0 32,603 25,903 0	25,903

The notes on page 9 & 10 form part of these financial statements

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THRIVE CARDIFF

RECEIPTS AND PAYMENTS ACCOUNT for the Year Ended 31 March 2024 continued

NET RECEIPTS/ PAYMENTS Transfers between funds Cash funds last year	Unrestricted Funds 2024	Restricted Funds 2024 Total 2024 Unrestricted Funds 2023 Restricted Funds 2023	Total 2023
	£ -21,673 50,473	£ £ £ £ 0 -21,673 -7,845 0 0 50,473 53,318 0	£ -7,845 53,318
Cash funds this year	28,800	0 28,800 50,473 0	50,473

THRIVE CARDIFF STATEMENT OF ASSETS AND LIABILITIES for the Year Ended 31 March 2024

	Unrestricted	Restricted Total	Restricted Total	Unrestricted	Restricted Total
	Funds 2024	Funds 2024 2024		Funds 2023	Funds 2023 2023
	£	£	£	£	£ £
Cash at Bank
Main Account	579	0	579	18,095	0 18,095
Holiday Home Account	25,826	0	25,826	31,530	0 31,530
Events Account	2,395	0	2,395	848	0 848
Total	28,800	0	28,800	50,473	0 50,473
Assets retained For
Charity’s Own Use
Holiday Home	50,687	0	50,687	50,687	0 50,687
Total	50,687	0	50,687	50,687	0 50,687

The notes on page 9 & 10 form part of these financial statements

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These accounts tre approved by the members ￿ the committee and kr issue on 2W J8nu8ry 2025 and are s￿ned on their behalf by: Signatures: Full names: Sharon Ross Marie Macey Position (e.0. Secyetary, Chair): Chair Treasurer OTES TO THE RECEIpfs AND PAYMENfs AccouNr FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUPrnNG POLICIES Basls of preparlng the rec•lpt8 and paymonts account The principal accounting policies are sumrrgnsed bek)w. TW have been applied consistenty throughout the current and preceding year. Fund accountlng The charity maintains tso types of funds as follow8". . Unrestricted funds can be used in aC0)rdan￿ with the tharitable obJ￿￿¥eS at the discretion of the trustees in fvrtherdn￿ of the gener81 obiecbves of the chanty. - Restricted funds can onty be used for pathul* restricted purposes within the objects of the charity. Reskncbons arise when sFEcified by the donor or vthen fvnds are raised for particular restricted 2. Fund Balanc Balance at 1 Apf 2023 Balance at 31 Mar 2024 Incom• Exp•ndlture Transforn 473 -32 800 Gemral Fund 50,473 10,930 - 32,603 28.800 Rmtrlctod Funds No grants were re￿Ived during this ￿K)d. 3. Taxatlon The charity is exempt from tax on its charitable xtivities.

THRIVE CARDIFF

4. Trustees’ Transactions, Remunerations and Benefits

Trustees' expenses were £42.33 for the year ended 31 March 2024 and nil for the year ended 31 March 2023. These were primarily for travel expenses.

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

5. Related Party Disclosures

There were no related party transactions

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