REGISTERED COMPANY NUMBER: 10568307 (England and Walos) REGISTERED CHARITY NUMBER: 1171877 REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CARE AND REPAIR WESTERN BAY CARE AND REPAIR WESTERN BAY CONTENTS OF THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 Pag• Report of thg Trustee8 1 10 10 Report of the Indepèndent Audit(>rs 11 to 13 CoTrsolldated Statement of Financlal Actlvllles 14 Consolldat¢d Bal•ncg Sheet 15 Charfty Balance Shoot 16 Consolldated Cash Flow Slatèment 17 Notss to the Cash Flow Statomont 18 N￿08 to the Flnanclal Ststements 19 to 34 CARE AND REPAIR WESTERN &4Y REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also dirgctors of the charity for the purposes of the Companies Act 2006, present their reportwith the financial slalgm8nl$ of thg¢harity forlho yeai ended 31 March 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Ststemenl of Recommended Practice applKable to charities preparing their aecoLFnts in acCo￿anCe with the Financial Reporting Standard applicabk in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- OWECTIVES AND ACTIVITIES Objectlvgs and aims The organisalion was fomed for the benefrt of the communty. The objects of the Charlty a￿. to ￿lIeVe the needs of people living in the areas of Swan3ea and Neath Port Talbot who are disadvantaged by feason of age. ill-heatth or disabilty, by the provision of support, as$islanee. facilities, amenitie8 and service8 to such people in respèct of their housing and Surrounding environment. In gNing effect to the above obiectNe$. the Board uses its best endeavours lo ensure that monies raised are to support the IK)using-related needs of older and disabled people. The trustees of Care and Repair Western Bay have had regard to the guidance issued by the Charity Commission on publ￿ benefrt and confim that all of OUT actNities are undertaken to further our charitable purposes for the public benefit. Our main objective is to support older poople living in Neath Port Talbot and Swansea lo enabk them to live in safe. wami, secure and appropriate hcffles for the¢r needs and to facilitate independent living. ca￿ and Repairprovide8 a Core Casework home visiting serviGe through the charity forolder peopleto assess individual client housing need and accepts referrals from othgr Third Sector agencies, Heamh, Sock81 Services, Housing and indNidual elients or their friends, family or carers. A wide range of Handyperson services are delivered through th& Agency's social enterprise. ca￿ and Repair SOlut￿S, to meet these objectives. Care and Repair is a unique seNice appr08ch, which combines social care related indwidual assessments and values linked to dignity, care and respect and the technical expgrtise required for managing building work. It is a ¢ltvzen￿ntred and prOblem-￿d service that is based on a visf( to the older petson's home. As such it relates a human assessment to a leehnical assessment of the lived environment, to provmde a personalised package of home improvement. The objective is lo support the older person's choice to remain living in their own home and in their own communty for as loThJ as they are able and ch08e to do so. The service method is not 'off the She￿ but 'indNidually tsilored., using stslutory assistsnce where relevant. but also a range of privatety arranged, localty brokered and where possible in-house eosl effective services to support infomied choices. The service is holist￿ in that it will refer on lo other statutory and Ihird sector providers to ensure comprehonsive package of $olLrtitin$ are secured. CARE & REPAIR SOLLMONS Wheneverappropriate, pract￿al Handyperson Support has been gNen through the Agency's trading arm, Care & Repair Solutions. This social enterprise was developed. folknving the Board of Trustees decision to fLrture- proof practical services and develop new funding streams for ohjer people's services. The Irading arm is separatety constituted and directed by its own Board of Management and runs as a ￿¢￿91 enterprise. All profits made by Care and Repair Solutions are gtfted back to the charity to ¥upport the charity in fulfilling its obJ'ectNes and purpose. Care and Repair Solutions is VAT Tegislered. The s￿[al enterprise gNes our client group access to safe, reliable knv-cost solulions to their housing problems.11 pn)vides supportto help peopk8 conylete Small and medium scale adaptations and repairs lo thoir property. The service supports older people to accelerate discharge from hospital to a safe and comfortab home, prevent inappropriate hospi181 admission, promote physical and mentsl hearth and wellbeing, reduce reliance on statutory health and s￿181 Ca￿ seNices and promote independent living. We have specialist Gas Safe and Electri￿1 seNices in house and the 8ccial enterprise employs 25 staff across the HarKlypeTson and support services. Page 1 CARE ANO REPAIR WESTERN BAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 During 2023- 2024 the social enterprise wmpletedwoth8 forcare and Repair Weslgm Bay underthefolbwing projecls." Rapld Response Adaptations Programme (RRAPI - funded by Welsh Assembly Govemmenl and Swansea Bay Unrversity Heatth Board. Minl Adaptatlon8 Grant - furKlod by City & County of Swanse# Housing Renewal & AdapL81ion Section. ENABLE ISwansea)- independerrt Ip4ing grant funded by Welsh Govemment Handy￿￿0￿ General Workg - This has prov*Jed additional access to Handyperson services for clients who have the rescjjrces to fund work$ but prefer Care ond Re￿iT staff based c trns￿Orth1n9ss and reputation. Hardship Fund . This fund supports the costs of some full Other operating income £18,086 {2023.. £18,852) Bank interest receivable £4,38712023: £1,869} Expenditure The total expenditure for the Group for the yearwas £3,634,40312023.' £2,880.1171. Expenditu￿ remains under constant review. as the organisation conlinues to make every effort lo control its administrat￿n costs. The Group has rgportod a deficit for the year afier tax of £224.278 (2023.. £131,935) after accounting for the re•measuremenl k)ss on definod benefrt pension w8ts of £66.00012023: £62,000). ReseNes The Group's unrestricted reserves as at the 31 March 2024 stood at £926.089. Of thgse £246.726 12023: £246,726) had been desNJnated for future use and, as a resuli, free reseNe8 at the 31 March 2024 were £679.363. Reser4es pollcy Care and Repair Western Bay's Board of Trustees hag considered the reservgs F(Jlicywith the aim offjnsuriThJ that the Group's future e￿ndr(Ure can be mel, gNen certain assUmptic￿$ mado about future incom8 streams. The objectives of the reserves polw have been sel as foll¢)WS". To *c￿nI for the level of reseNes required for future funding in the context of budgel selling and fijnd raising- To account for reserves in an appropriate manner that will satisfy regulat￿ and contribLrtory fun¢Jers. To ensure that Care & Repair Westem Bay has 8Lrficienl reserves to cover any contingent statutory costs that would arlse cfi a winding down of the swety's operations. Penslon deficlt Pension deficits have been ccfisidered by the Board of Trustees and we have worked Icwher lo reduce employer contribution costs. The employer contribtrtion for the Defined Contribution Scheme was during the pericxy. Staff are legally oblvJed to contribute 8 minimum of 5Qkn rfthey are a MeM￿r ofthe pension scheme. The Board is aware of its responsibilities and have tsken steps to reduce current cost5 whilst monrtoring long lem) liabilities. Page 5 CARE AND REPAIR WESTERN BAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IIARCH 2024 FUTURE PLANS We plan lo ￿tInUe delNering our Casework, Technical Serviee and in houso Handyperson services for a8 long a8 pr&ticabk, subject lo s*isf8ctory funding a￿angeMentS and ongoing sustainability. During 2024 - 2025 we aim to help 2,5￿ older people through c￿r Cas*vork and Technical servrce and a further 5,OCw) people through our practical Services. INe aim to diversify our funding arrangements as much as possible by sourcing attemalives to tradition81 grant funders and to develop th& range of works completed within the practical Serv￿6. All of our aclrvities remain fccused on helping and supporting older people lo repair. maintain and adapt Ihoir homes so that they arg able to live in safe, secure, wami and eomfortabl@ hc¥nes appropriate to Ihgir needs and that maximise independence and well-being. During 2024- 2025 Care and Repair Westem Bay's Bwd of Trustees must focus on: Consolidating activities through remewing the slrueture arKI purpose of the cffganisallon Continuing to publicise and promote awareness of Care & Repair Continuing lo support all staff teams through flexible hybrid working arrangements Maintaining good staff structures that provide mutual support and gU￿anCe for all staff Working in partnership with ￿her Third Sector organi&*ions to maximise revenue funding cyportunitles and service development Working together lo ensure the best fvture for our organisation Tcgether we will continue lo support our funding partners by provKling accountsbility. velue for money and excellent seThice delNgry 88 exemplar Care & Repair for Cty & County of Swansea, the County Borough of Neath and Port Talbol and Swansea Bay Universrty Heafth Board. STRUCTURE. GOVERNANCE AND MANAGEMENT Govemin9 document Care and Repair Westem B8y was I￿Orporated on 17 January 2017 following the merger of Care and Repair Neath Port Talbot and Swanse8 Care and Repair. The company was established under a rnemorandum of association 8nd is govemed under its Articles of Assoeialion. These O￿line the powers and objects of the charity and pro￿de that in the event of the compony being wound up the liability of it$ members is limited to a sum of£1. Reerultment and appolntment of new trustoes All Iruslees give their lime voluntarily and recewe no bgneffts from the charity. There were 9 subscribers lo the Memorandum of association when the company was established. These original subscribers and Iru$lees were.. Sara Forster, David Tovey, Linda Whittaker. Christopher Jones, Johanna Davies. Eifian Davie5, Colin Morgan, John Rogers and Robert Davie$. Under the requirements of the Articles of Association the ITUStees have control of the charity and its propety arbd fvnds. Every trustee after appointment or reappointrnent must sign 8 declaration of WTllingness to act as a eharity trustee of the charity before he or sh8 may vote al any meeting of the trustees. Apart from the firsl trustees every Iruslee must be appointed for a tem of three years by a resolution passed at a properfy conveneii meeting of the trustees. In se*ting individuals forappoinlment a5 tru8tees, the trustees must have regard to the skills, knowledge and experience needed for the effecttve administrat￿an of the charty. All trustees are appointed by vote by thg Board of Trustees. Inductlon and tr&lnlng of new trusts9$ Potential trustees are invited to observe al meetings of the Injstees. New trustees are Invited lo meet with Ihe Chief Officer and visit the offices lo familiarise themsel￿ with the charity and the Context within vthich 11 operates. A Trustee Induction pack is provided which covers.. cbligat￿lns of Iruslees. confliet of interest, the operational and financial framvork of the charity, the aims, objectives and acltvrc￿ of the Gharity. perfomiance and future plans and objfclives. Page 6 CARE AND REPAIR WESTERN BAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT A copy of the charity's Art￿leS of AssocialKJn and Charty cc￿mIssion guidance and infom)ation is prowded to new tmslees and updated for current trustees when necessary. Declslon maklng The Board of TNstees must meet al l&ast quarterty and are responsible for the strategic direct￿ and policy making of the charity. A skills matrix of trustees ha5 been completed and the truste8s are from 8 variety of backgrounds relevant to the history, work and environment of the charty. The trustees are responsible for ensuring that the charty is carying out its purposes for the publK benefrt as well as ensuring perfomiance and financi81 accountabilty. fomulatlng policy and gaining forestrjhl. strategic thinkiThJ and supervising management. Day to day Tesponsibilily for the charity rests with the Chief and in turn the Operation5 & Compliance anager. To facilitate effective opeialions the management team has delegated authority, as approved by the trustegs, for Operat￿81 matters including finan￿ and perfomiance Telated activrty. Employees of the charity attending the Board of Trustees meetings do not have any votin9 rights. New Members arn glven an Inductlon pack contalnlng: 1. Governlng Documents 1.1 Care and Repair Westem Bay Articles of As3oGralion 2. The Role of Board Trustees 2.1 Board Trustee Job Description 2.2 The Essential Trustee- CharTty Commission Guidance 2.3 Guidan￿ for Board Members.. Decision Making -ChaTty Commission Guidance 2.4 Hallmarts of gn Effective charity-charity Commission Guidance 2.5 Confl￿1 of Interest Guide-charity Commission Guidance 2.6 confi￿1 of Interest Guide -ICSA Guidance 2.7 Trustee Expenses £harty Commission Guidance 2.8 Care and Repair Group Confflicl of Interest Policy 3. Standlng Orders and Ternis of Reference 3.1 standing Orders for meetings of Care and Repair Western Bay Board of Trustees 3.2 Terms of Reference for Care and Repair Western Bay Board of Trustees, Standing Committee 4. M•mbership Policy for Care and Repalr Westem Bay Trustees S. Finance 5.1 FinanrAal Regulations including Schedules of Delegate(l Authorty 5.2 Core and Repair Western Bay Resetves Policy 5.3 Consojidaled Financial Statements 2022- 2023 6. Business Plans 6.1 Care and Repair Western Bay Business Plon 2023- 2026 6.2 Business ContinLtity Plan 7 Heahh and Safety 7.1 Health and Safety Policy and Pk8n 7.2 Health and Safety addrt￿n8l informotb)n 8 Care and Repalr Westorn Bay Genernl Inforniation 8.1 Care and Repair Western Bay Board of Trustees 8.2 C8re and Repair Western Bay Organisalional Staff Chart 2024 g Care & Repalr Cymru- Useful Infomiatlon 10 Declaration of Intetssts Fomi All Board Members are encouraged lo attend training sessions Page 7 CARE AND REPAIR WESTERN BAY REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal stmcture The affairs of the organisalron are directod by the Boar(J of Tnjstees who trEet on a regular basis. The Board Shall consist of five members or such greater number not exeeeding ￿e1Ve. Thg Board currently consists of 12 trustees meeting quarterfy to discuss Care and Repair Westem Bay. rewew the financial position, assess strategy and perf0M￿nCe, and all ￿her charity matters whKh require the decis￿ ofthe Board in accordance with the Constttulion. Risk r•vloW The Board ofTrustees ha8 8 risk management strategy ￿1¢h comprises of.. A quarterty review of the risks the organisation may face Th8 establishmènt of systems and procedures to mitigate those risks idgntified in the review, and The iMp￿Mentation of procedures de51gn&J to minimise any potential impact on the organisation should those risks materialise CU￿ent'hlgh rBk' examples are the bn*lerm effects of Covid-19 recovery on Agency funding, seNrces and sustainability or the Pension DefKit liability. Major risks are reviewed al Board level and systems and procedures are estsblished to manag? those risk$. REFERENCE AND ADMINISTRA TIVE DETAIL8 Reglstered Company number 10568307 {England and Wales} Reglstsred Charlty number 1171877 Reglstered offlce Llys Tawe Players Industrial Estate Ctydach Swansea SA6 5BQ Trustees D W Tovoy J Hall Davies C R Jones L A Whrttaker P D Richards D P Harrison R l Davies D T Evans D Willk4ms Resrgned 08 February 2024 B Hinchey S Learn￿nth Finance Sub Committee Chair 8 slmmnds-c￿en Appointed 26 March 2024 N Bennett Appointed 26 March 2024 senior Managemènt Toam E Tweed Chief oir S George Operations & Complkqnce Manager Chair Wice Chair Trading Am Chair Company Secrotary E Tweed Page 8 CARE AND REPAIR WESTERN BAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Audlto Bevan Buckland LLP Chartered Aceountants and Statutory Auditors Ground Floor Cardigan House cast￿ Court Swansea Enterprise Park Swansea SA7 9LA Sollcltors John Collins and P8rtnerB Copper Court Phoenix Way Enterprise Park Swansea SA7 9EH Bankera Unty Trust Bank PLC Nin& Brindw Place Bimiingham B12HB STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees {who aTe also the direttors of Care and Repair INestern Bay for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance wf(h applirable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pract￿e) including Financkol Reporting Stsndard 102'The Financial Reportlng Standard applicable in the UK and RepublK of Ireland" Company law requires the trustees to prepare financial statemgnts for each financral year which give a true and fair view of the state of affairs of the eharitsbte company and of the incoming resources and applic*ion of resources, including the income and expenditure, of the charitable company for that ￿11¢Xl, In preparing Ih05e financial statements, the tru$te8s are required to selecl suitable accounting policies and then apply them ￿nSistentty,. observe the methods and princip￿ in the Charity SORP., make judgements and eslimales that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriale to presume that the charitable ¢￿panY will continue in busine5S. The trustees are respons*)le for keeping proper xcounting records wh￿h disclose with reasonable accuracy at any time the financial posf(ion of the charrtable company and to enable them lo ensure that the financial statements Comp￿ with the Companies Act 2006. They are also responsible for safeguarding the assets of the charilable company and hence for taking reasonable steps for the prevention and detection of fraud and clher irrggularilw. In so far as the trustees are aware.. there Is no relevant aLKlit information of which the charitable wryany's auditors are unaw8re: and the trustees have taken all steps that they ought to havg tsken lo make themsefves aware of any relevant audit information and to establish Ihat the auditors are aware of that infomatKJn. Page 9 CARE AND REPAIR WESTERN BAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ￿RCH 2024 AUDITORS The auditors, Bevan Buckland LLP, will be prop¢xed for re•appointment at the forthcoming Annual General Meets'ng. Approved by order of the board of twstees on 06.11.24 arKI signed on Ils behalf by.. E Tweed. Secretary Pagg 10 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CARE AND REPAIR VWESTERN BAY FOR THE YEAR ENDED 31 MARCH 2024 Oplnlon We have audiied the financial stalements of Care and Rgpair We¥tem Bay {the 'parent compan￿) and its subsidiary Ilhe 'group'l for the year ended 31 March 2024 which ￿Mprise the Consolidated Statement ol Financial ActNilies, the Consolidated Balanee Sheet. Charity Balance Sheet, the Consolidated Cash Flow Statement and notes to the financkql statements, induding a summary of slunrf￿anI accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards (Uniied Kingdom Generally Accepled Accounting Practice), including Finan¢ial Reporting Standard 102 The Financial Rwrting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fairvEw ofthe stale ofthe group's affairs as at 31 March 2024 and of its incA￿lIng resoL5r and application of resources, including ils income and expendf(ure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting Practice, in¢luding Financial Rewting Standard 102 The Financial Reporting Sta￿laTI1 applicable in the UK and Republic of Ireland,; and have been prepared in aeeordanee with the requirements of the Ccvnpanies Ad 2006. 8a818 for oplnlon We conducted OLtr audit in accordance with Intemational Standards on Auditing IUKI {ISAs {UK}l and applicable law. Our responsibilities under those standards are further described in the Audrtots, responsibilities for the audit of the financL41 statements section of our report. We are independent of the charitable company in accordance with the ethical requirerrEnls that are relevant lo our audit of the financkql statements in the UK, including the FRC'S Ethical Standard, and we have fu￿lIked our other ethical responsibilrties in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinK>n. Conclusions relating to gorng concem In 8uditing the financial st8lemenls, we have con¢ludgJ that the trustees. use of the going concem basis of accounting in the preparaticn of the financial statemgnts 15 appropriats. Based on Ihg WOTk we have perfom*d, we have not identified any material uncertainties relating lo events or cond¢tions that, individually or eolleetThiety, may cast significant doubt on the charitable company's abilrty te eonlinue as a going concem for a period of al least twelve months from when the financral slalements arè aulhoriw4 for issue. OLtr responsibilities and Ihe responsibilities of the trust8e5 With respect to going concem are descrited in the relevant sedions of this report. Other Infom)atlon The Iiustees are responslble for the other information. The other infom)atiCfb cclnprises the information included in the Annual Report, other than the financial $t*emenls and our Report ofthe IndependentAudrtor8 thereon. Our opinion on the financial slalements does not cover the other information and. except to the extent otherwise explKitty slated in Our report, we do not expre55 any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to fead the other infomiation and, in doing so, consider whether the other infonration is materially inconsistent with the financkql ststements or our knowledge obtained in the audi( or otherwise appears to be materialty misstated. If we identfy such material inconsistencies or apparent material misslatemenls, we are required to determing whether this gNes rlse to a material misslalemenl in thg financial slalements Ihemsefves. If, baseil on th8 work we have perfomied, we conclude that thgre 1$ a material misstatement of this other infomiation, we are required to rep)rt that fact. We have nothing to report in this regard. Oplnions on other matters prescrlbed by the CompanbeF Act 2006 In our opinion. based on the work undertaken in the course of the audrt= the infomiation given in the Report of the Trustees for the financial year for which the finarKkql statements are prepafed is consistent with the fin8ncial stslement5', and the Report of the Trustee8 has been prepared in &cordance wrth applicab￿ legal requirements. Page11 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CARE AND REPAIR WESTERN BAY FOR THE YEAR ENDED 31 PIARCH 2024 Mattets on wfiiGh we are requlred to report by ￿¢9P110n In the luhl of the knowledge and understanding of the Charitab￿ eompany and its environment obtained in the course of the audit. we have not identified rr￿erIal misstatements in the Report of the Trusleos. We have nothing to report in respect of the following matters where the Companies Act 20C6 requires us 10 rgport lo you if, in our opinion-. adequate accounting records have not bgen kept ￿ retums thquate for our audit have not been receNed from branches not visfted by us,. or the financkgl statements are not in agreerrEnt with the accounting rgcords and ￿lUmS.. or certain disclosures of Iruslegs, remuner*ion specified by law are not made,- or we have not received all the information and explanations we require for our audit.. or thg Ifuslees were not enlrtled lo tske 8¢fvantsge of the small wrnpanl￿ exemption ffom the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Rèsponsibllltles of tru¥tee8 As explained more fulty in the Statement of Trustees. Responsibilit￿$. the trustees (who are also the directors ofthe charitablo company forthe purposes ofcompany law) are responsible for the preparat￿•￿ of the financial statements and for being satisfied that they gwg a true and fair view, and for such internal control as the trustees delem7ine is necessary lo enable the preparation of financial slalemenls that are free from material misstatement, whether due to fraud or error. In preparing the finaneial statements, the trustees are responsiblo for assessing the charilabk companls ability to continue as a going concern, disclosing, as applicable, mattets related lo going concem and using the going concern basis of accounting unless the Irust*s either intend to liquidate the charitable company or to cease operations, or have no realistic aftemalive bul to do 80. Our responsibllltles for the audit of the flnanclal ststements Our objectives are to obtain reasonable assurance about whether the finan¢HI statements a8 a whole are free from material misslalemenl, whether due lo Iraud or error. ané lo issue a Report ￿ Ihg Independent Auditors that ineludes our opinion. Reasonable assurance 1$ a h￿h level of assurance, bul is not a guarantee that an audit Conducted in a¢cordance with ISAS IUKI will a￿vaYS delect a material missL*ement vA7en it exists. Misstatements can arise from fraud or error and are conshlered material rf, individually or in the aggregate, they Could reasonably be expected lo influence the economic decisions of users lakgn on the basis of these ffinancial statements. Extent to whlch the audit was consldered capablé of detoctlng irregularltlw Including fraud We idenlfy and assess the risks of material mi8slalement of the Financial Statements. whether due to fraud or error, and then, design and perform audit procedures responsrve to those risks. including obtaining audit evidence that is SUff￿rent and appropriate lo provide a basis for our cpinion. We discussed our audit independence complying with the Revised Ethical Standard 2019 wth the engagement team members whilst planning the audit and continually monitored our independence throughout thg process. Identifying and asse551ng potential rfsks related to Irrngularltles In identifying and assessing risks of material misslatemenl in respect of iiregularilies, including fraud and non- compliance wrth laws and regulations, our procedures included the following.. enquiring of management, inclLrding obtaining and revwiing supporting documentstion, conceming the chariiy's policies and procedures relating to.. Klentifying, evaluating and cLxnplying wrth laws and regulations and whether they were aware of any instances of non-compliance., detecting and responding lo the risks of fraud and Whet￿ thèy have knowledge of ary actual. suspec or alleged fraud,, the inlgrnal controls established lo mrtigate risks rebted to fraud or nOn￿Ompliance wth laws and regulations,. discussing among the engagement team how and where fraud mighl c¢cur in the Financial Statements and any potential indi¢*ors of fraud. As part ot this discussion, w& pjentffied potential for fraud in the following areas.. Management overr5de of controls Page 12 REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF CARE AND REPAIR WESTERN BAY FOR THE YEAR ENDED 31 MARCH 2024 Identlfying and assassing potentlal rlsks related to Irregularltles continued oblaining an understsnding of the legal and reguLqlory frameworks that the charity opemtes in, focusing on those laws and regulathlns that had a direct effect on the Financial Statements or that had a fundamental effect on the opèrations of the eharty, The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislat￿)n. Audit rgspon$e to risks Identified In addf(ion lo the above, our pr¢xedures to respond lo risks identified included the follcN41ng'. reviev￿n9 the financial statement disclosures and testing to supporting d￿uMents¢l0n to 8S8ess eomplianee wrth relevant laws and regulations.. enquiring of management corKeming actual and potential litigation and claims,. perfonning analytical prLxedures lo identfy any unusual or unexpected relationships that may indicate risks of matgrial misst*ement due to fraud.. reading minutes of meetings of those charged with govemance and reviewing correspondènce wtth HMRC,. and in addressing the risk of fraud through management override of controls. testing the appropriateness of journal entries and fAher adjustments". assessing whelherthejudgements made in making accounting estimates are indicatwe of a PGlentÉal bias. and evaluating the busine5$ ralh?nale of ony S￿nIfICant tranS￿li0n$ that are unusual or outside the nom*1 course of business. We also cemmunicaled relevant identffj*d laws ar￿ regulations and potential fraud risks to all engaggrnent team membern and remained alert lo any indications of fraud or non