## **THRIVE CARDIFF CIO** ## **TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025** ## **Charity Number 1168563** 1 ## **TRUSTEES' ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2025** The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Charity name:** Thrive Cardiff **Charity registration number:** 1168563 **Registered Office:** 5 Llandennis Green, Cardiff, CF23 6JX **The Trustees:** Marie Macey (Treasurer) Alison Parry-Jones Tracey Woodberry Lee-Anne Mason Sharon Ross Kathryn Smith (Resigned 18/072024) Cindy Cleaver (Resigned 23/10/2024) ## **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 £20 per family per year. Trustees meet regularly to discuss the aims of the group 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. 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 continue to run a holiday home that provides our families with short breaks at rates 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 short breaks from their caring role. ## **THRIVE CARDIFF CIO TRUSTEES' ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2025 (continued)** 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 including beach craft, virtual reality sessions, exclusive cinema, a theatre trip, Snowtubing, an interactive animal experience, a cookery workshop and more. There have been 0 day trips this year due to the high costs associated with coach hire. ## _**Grants and Donations**_ There have been no grants received during this financial period. ## _**Holiday Home**_ Bookings for the holiday home improved considerably this year, as anticipated following the refurbishments carried out during the previous year. An increase in bookings of 287% was achieved this year. The costs involved in maintaining the Holiday Home were also reviewed and the amount charged for bookings has been increased but still remains well below commercial holiday let levels. ## _**Membership**_ Membership dropped very slightly during this year but at the end of January 2025, we were still supporting over 90 families. The trustees intend to publicise the charity more widely over the next year as public awareness has dropped over the last few years. 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. ## _**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. ## **THRIVE CARDIFF CIO TRUSTEES' ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2024 (continued)** ## _**Going Concern and Post-Balance Sheet Events**_ The charity’s reserves have stabilised this year and we continue to be in an overall healthy position. The trustees remain committed to actively seeking additional funding opportunities. We continue to seek input from our members regarding the type of activities they would prefer and vary the activities offered. The subsidy for events has been reviewed 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 intend to publicise the charity more widely over 2025/26 as public awareness has dropped over the last few years. Despite the increase in Holiday Home bookings, there is still considerable room to improve things further. The trustees agreed to share access to the holiday home over the next year, with charities and groups that serve a similar community to Thrive. Members will still have priority over bookings but after an initial period any remaining vacancies will be offered to the other groups. ## **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 2025 Thrive Cardiff’s receipts were £19,462 (2024 £10,930). Payments for the year were £19,409 (2024 £32,602). There was a surplus this year of £53 (2024 deficit of £21,673). The charity did not receive any grants or donations during the year but did receive donations of £4,947. Income from membership fees declined slightly. The charity’s activities continue to be subsidised but to a lesser degree than in previous years. Receipts were higher than in 2023/24, mainly because of a significant increase in income from the Holiday Home. The increase was due to the refurbishments carried out on the property and being able to open for bookings throughout the entire period unlike 2023/24 when various factors made this impossible. As a result, the losses on the Holiday Home have reduced to £2,258. The deficit on trips and events was reduced from almost £10,000 to around £200 following a review of the charity’s finances during the previous financial year. The income and costs for each event are now closely monitored to ensure that large deficits are avoided. The unrestricted cash reserves of £28,853 at the year-end mean that Thrive Cardiff remains in a positive financial position. These reserves mean that the charity can continue as a going concern and some of the cash held can be used to finance the charity’s ongoing activities. ## **THRIVE CARDIFF CIO TRUSTEES' ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2024 (continued)** ## **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 taken over the assets, liabilities and activities of the predecessor charity. The CIO is governed by its constitution and managed by its trustees, who are unremunerated. The governing document was changed to an Association CIO in September 2023. This means that trustees are elected by the charity’s members as was the case before becoming a CIO. Throughout the year the Trustees continued to action and review our policies which are in place to safeguard our member families and to protect Thrive as a charity. Policies and guidelines Include: - Complaints Procedure - Data Protection Policy - Safeguarding Policy - Holiday Home Booking Policy - Volunteer Policy - Equalities Policy - Guidelines and Code of Conduct for Members - Financial Controls Policy ## **DECLARATIONS** The Trustees deciare that they have approved the trustees' report above. Signed on behalf of the charity’s trustees: Signatures: Full names: Marie Macey Alison Parry-Jones ee eee Position Treasurer Trustee (e.g. Secretary, Chair): ee ee Date: 26th January 2026 26th January 2026 ee eee REPORT TO THE TRUSTEES OF THRIVE CARDIFF ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER: 1168563 I report to the trustees on my examination of the accounts of the above charity ("the Trust.) for the year ended 31 March 2025. Responsibilities and basis of the report As the charity trustees of the company you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner'8 8tatsment I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act. or the accounts do not accord with the accounting records, I have no COn￿rnS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Y Name.. Mrs Freda June Young Date.. 25 January 2026 ## **THRIVE CARDIFF** ## **RECEIPTS AND PAYMENTS ACCOUNT for the Year Ended 31 March 2025** ||**THRIVE CARDIFF**
**RECEIPTS AND PAYMENTS ACCOUNT**
**for the Year Ended 31 March 2025**| |---|---| |**RECEIPTS**|**Unrestricted**
**Funds 2025**
**Restricted**
**Funds 2025**
**Total**
**2025**
**Unrestricted**
**Funds 2024**
**Restricted**
**Funds 2024**
**Total**
**2024**| ||**£**
**£**
**£**
**£**
1,482
0
1,482
1,835
0
1,835
4,947
0
4,947
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,447
0
1,447
5,155
0
5,155
1,369
0
1,369
1,478
0
1,478
0
0
0
70
0
70
10,217
0
10,217
2,392
0
2,392| |Membership Fees
Donations & Legacies
Grants
Fundraising
Trips & Events
Play Centres
Miscellaneous
Holiday Home Income|| |**Total**|**19,462**
**0**
**19,462**
**10,930**
**0**
**10,930**| |**PAYMENTS**|4,596
0
4,596
3,534
0
3,534
120
0
120
0
0
0
0
0
0
21
0
21
1,658
0
1,658
15,122
0
15,122
309
0
309
297
0
297
0
0
0
1,080
0
1,080
173
0
173
874
0
874
78
0
78
501
0
501
12,475
0
12,475
11,173
0
11,173| |Venue Hire
Equipment, Stationery
& Phone
Prizes & Fundraising
Expenses
Trips & Events
Insurances & Licences
Independent
Examiners Fees
IT Equipment &
Support
Miscellaneous
Expenses
Holiday Home
Expenses|| |**Total**|**19,409**
**0**
**19,409**
**32,603**
**0**
**32,603**| ## **THRIVE CARDIFF RECEIPTS AND PAYMENTS ACCOUNT for the Year Ended 31 March 2025 continued** ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||**Funds 2025**|**Funds 2025**|**2025**|**Funds 2024**|**Funds 2024**|**2024**| ||**£**|**£**|**£**|**£**|**£**|**£**| |**NET RECEIPTS/**|53|0|53|-21,673|0|-21,673| |**PAYMENTS**||||||| |Transfers|0|0|0|0|0|0| |between funds||||||| |Cash funds last|28,800|0|28,800|50,473|0|50,473| |year||||||| |**Cash funds this**|**28,853**|**0**|**28,853**|**28,800**|**0**|**28,800**| |**year**||||||| ## **THRIVE CARDIFF STATEMENT OF ASSETS AND LIABILITIES for the Year Ended 31 March 2025** |**Unrestricted**|**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---|---|---| |**Funds 2025**||**Funds 2025**|**2025**|**Funds 2024**|**Funds 2024**|**Funds 2024**|**Funds 2024**|**2024**| ||**£**|**£**|**£**|**£**||**£**||**£**| |**Cash at Bank**||||||||| |Main Account|0|0|0||579||0|579| |Holiday Home Account|24,576|0|24,576|25,826|||0|25,826| |Events Account|4,277|0|4,277||2,395||0|2,395| |**Total**|**28,853**|**0**|**28,853**||**28,800**||**0**|**28.800**| |**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**| These accounts were approved by the members of the committee and authorised for issue on _26[th] January 2026_ and are signed on their behalf by: Signatures: Full names: Marie Macey Alison Parry-Jones Position Treasurer Trustee ## **NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025** ## **1. Accounting Policies** ## **Basis of preparing the receipts and payments account** The principal accounting policies are summarised below. They have been applied consistently throughout the current and preceding year. ## **Fund accounting** The charity maintains two types of funds as follows: - Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees in furtherance of the general objectives of the charity, - Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **2. Fund Balances** |**2. Fund Balances**||||||| |---|---|---|---|---|---|---| ||**Balance at**||||**Balance**|**at**| ||**1 Apr 2024**|**Income**|**Expenditure**|**Transfers**|**31 Mar**|**2025**| ||**£**|**£**|**£**|**£**|**£**|| |**Unrestricted Funds**|**28,800**|**19,462**|**-19,409**|**0**|**28,853**|| |General Fund|28,800|19,462|-19,409|0|28,853|| |**Restricted Funds**|**0**|**0**|**0**|**0**||**0**| No grants were received during this period. ## **3. Taxation** The charity is exempt from tax on its charitable activities. ## **4. Trustees’ Transactions, Remunerations and Benefits** Trustees' expenses were nil for the year ended 31 March 2025 and £42.33 for the year ended 31 March 2024.These were primarily for travel expenses. There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31March 2024. ## **5. Related Party Disclosures** There were no related party transactions No grants were received during this period.