Company reg1Stra￿On number.. 10838311 Charily registrarion number: 1175753 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR IA Company limited by guarantee and not having any share capital} REPORT OF THE TRUSTEES & CONSOUDATEO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Azets Atsdlt Services Chartered Accountant5 & Statutory Audltors Ty DenAr Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB BL4ENAU GWENT AND CAERPHILLY CARE & REPAIR Conlents Report of the Trustees Report of the Independent Audrtors 9-12 Statement of Financlal Activities 13-14 Balance Sheet 15-16 Statement of Cash Flows 17 Notes to the Flnancial Statement5 18-41 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR GROUP REPORT OFTHETRUSTEES FOR TrIEYEAR ENDED 31 MARCH 2024 The trustees, who Ore also direttors of the charity for the purpose5 of the Companie5 Att 2006, present their report Wtth financial statèmènts present therr rèport and accounts for thè year ènded 31 March 2024. The trustees, report incorporates a directors, report as required by company law. The accounts have been prepared in accordance wrth the accounting policie5 set out in the notes to the aCLOUtht5 arid ￿0Mply Wlth the charity's Memorandum arid AfLICies of A550fiation, the CoffiP3thies Act 20G6 and "Accountlng and Reporting by Chariiles.. Statement of Recommended Practice appllcable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffect￿e l January 20191. OBJECTIVE5 AND ACTIVFllES Our Purpose Our charitable purpose as set out in the objects contalned in the company's Articles of Assoclation is.. me oblects of the Cht7rlty are to relleve the needs ol people Ilvln9 in the oreos of Bloenuu Gwent and Coerphilly who are disodvontaged by reoson of oqe, ill-health or disobility, by the provision of support, qSSlStance. fvcilityes. umenitie5 ond Services to svch pegple in respert of their housing ond surrounding envlronmenf. Our Vision Our vision is that all vulnerable, older and disabled people in Blaenau Gwent & CaerphIl￿ borDughs arè abl to live independently in Safe, Secure and warm home5, which enhances thèir quality of life. Our Miisitsn Our mission is to provide advice and practical support to vulnerable, older and disabled people who w￿h to undertake repairs. improvements or adaptations to their homes. to enable them to remain independent in their own homes for as long as possib￿. Our Value5 & Principles Respert: We show respect by listening io and empowering our clients and eam respeci by bein8 effective, professional and responsrve to the needs of our cliènts. Empathy and Care: We listen, hear and respond to individual need5 and wants with a sincere irktention to understarhd the individuafs circumstances and point of view. We will go th8t extra rnile. We do noi impose our personal values or bellef systems. Honesty: We place a high value on honesly. We are open and transparent. and we seek to understand eath otherfs points of view and acknowledge disagreement. Olgnity: We value people's individuality and independence and treat clients and colleagues in the way they wish to be treated. respect their choices and empower clients to achieve their goals. Equallty and Incluslvene55: We act in a way that 15 open, fair. accessible and equitable. We respect the views and aspiraiions of our clients and colleagues. We pui people flrst. Integrity and Trust: We honour our commitment5 and deliver on what we pmmise. We are accountable for our actions and omi55ions. Empowem)ent: We enable our clients and colleagues to exercise thEir choices and control. We work toward. and advocate achieving, our clients, a5piralions and desired outcome5. Dlverslty: We value and respect the different Cultu￿5, life experiences and backgrounds of all our clients and colleagues. We are committed to the principles ol bilirbEualism, BLAENAU GWENT AND CAERPHILLY CARE & REPAIR GROUP REPORTOF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2024 The focus ol our work Our main objectives for the year have been to 5UPPOrt people to Iwe independently in 53fe, 5eture, warm and comfortable homes. To meet these objectlves. we provide a range of services that help people to complete repairs, Improvements and adaptation5 to their homes, including maximi5in8 their income through benefit checks. How our artivitles deliver public benefit Our charitable actTVities focus on supporting older and vulnerable peop￿ to live independently in safe, secure, warm and comfortable home5 and are undertaken to further our charliable purp05e5 for the public benefit. Objectives and Aims Who used and beneffted from our ser¥Sces? The core seNices are funded by the Welsh Government and provide a casework and technical service, The casework seryice Is furtherenhanced by funding ￿te1Ved from Aneurin Bevan University Health Board, which enabled thè Agency to employ a part time health caseworker and also through funding reteived from Care & Repair Cymru for a part time managlng better caseworker. During the year, the Agency received 2,633 requests from 2,361 clients and partners for services. ACHIEVEMENTS AND PERFORMANCE Alm Progre55 We provlded a Care & Repair Icasework-technicall servite In Blaenau Gwent & Caerphilty County boroughs and provided 501utions that have improved the independence of older people. During 202312024 we have helped 1,684 older people, 886 received a horne visit and a Healthy Home assessment to assess their individual needs. To provide a traditional Care & Repair Service Ihome visiting, problem-led, client-centred and individually tailored). To address home hazards in the home and redute the rlsks to the wellbeing of older people, allowing them lo live in comfort, Safety & securlty. In providing outcomes that improve independence and reduce the risk to health & wellbeing, we have completed 2,424 works at a total value of £708,398. Increased Weware Beneflt income for 105 older people at 3 cornbined value of £570,806. Raised charitable income in support of home Improvements for 8 older people at a value of £9,048. Utilised prtvate resourtÈs for crucial home improvements for older people at a value of £110,941. We completed 1,281 jobs that rerluced the risk of a falls. To ensure our seryices are high standard. meet the individual needs of the older people we seThe and support their independence. Feedback through customer suNeys indicate 77% of clients fell their independence and wÈllbeing had been improved,- 85% would recommend our services to others and 85% of clients said thev were happy with works in their own homes. BLAENAU GWENT AND CAERPHILiY CARE & REPAIR GROUP REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 To ensure our practical se￿ice$ work effectively to meet the objectives of safe h05Pltal discharge andlpreventing hospital admissK>ns. Our completed works supported 'a Safe ho5Pltal discharge, in 454 Instances. and 79% 'prevented possible hospital admission,. average, it took 5 day5 from requeste(S date to completion of works. To provide a minor adaptations & small repairs service in both counties i in partnership with Health & Soclal Services partners, providing effective health outcomes. We have facilrrtated rapid response, Safety at home, and minor rep3ir schemes for older ￿0p1@ in our bomughs in partnership with the Local Authority. Health ar)d Social Services. Our prartical servicès completèd 1,564 works totalling £324.841 in value. The works were completed in an average of io day5 and the average age of clients was 78 years. Referral sources were 22% frorn Health. 46% from Social Services, and 32% from our Trusted A55e550rs. To ensure our seThices arè of a high standard, and meet the Individual needs of the oldèr people we serve, supporting their indepen(4ence. Our usual procedure is we would monltor our servicè impart through the customer feedback surveys. The Agency team have mana8ed to proceed throu8hout with Installation referrals from all social care seNices. carrying out installs well wiihin the baseline iargets, whlch has been a positive from all the team under extreme p05t pressures. and demand on the service. Technical audit5 have been carried out as of required standards, 5%. Actual IO% completed. Feedback from older people Feedback from older people that we have helped has indicated that we do not advertlse our seNlces, they heard about us from a talk at an event or by word of mouth. The Care & Repair movement is planning to strengthen the brand Wales wide, however, the limite¢Y resources available to US 15 likely to have an irnpact on delivery if demand for our services increase. As Trustee5 Of Blaenau Gwent & Caerphilly Care & Repair, we would like to thank everyone involved in our work (iurin6 2023-24. in particular Care & Repair Cymru, Welsh government, local partners, third sector partners and funders. We would also like to thank all the staff who delivered 5ervlce5 to help older people, throu6houl another extremely difficult year, with demands and pressure on the service unwavering. Blaenau Gwent & Caerphilly Care & Repair has had a very challenging few years, we have seen a substantial increase in demand for the service especlally Hospital discharge and the need to carry out jolnt V￿lIS with partner organisations and well as out home visiling casework servlce. The complexity of Wor￿ required to support clients wilh a 53fe home environment 15 evident. an holistK approach antl understanding is requlred by all the team, with many clients requiring multiple adaptaiions, signposting to partner organisations tD help support their needs. FINANCIAL REVIEW The surplus from the Trading company for the year Ss £76,90412023.' £104,719). The trading company of the charity generated a very positive financial outcorne for the year which was covenanted to the Charity resuliing in an increase of funds of E84,26712023.' £103,020). This was due to the eKtra intome derived from the addltional project5 successfully applied for during the year. BLAENAU GWENT AND CAERPHIILY CARE & REPAIR GROUP REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Principal fundin& 50urces Aside from the income generated by the Trading arm, the principal tunding sources for the charity are by way of a grant from the Welsh Government to carry out the core service. Projects managed through CRC, ManaEin8 Better Service and Hospital to Healthy Horne. the local health board for part time Hea￿h Casèworker post. Both Blaenau Gwent and CJerphilly Ioc31 authorities collaborate wlth the agency to deliver the enable aaaptation programme. Reserves pollry The tmstee5 have examined the charity's requirements foT reserves in light of the m2in risks to the organi5ation. The strategy is to continue to build reserves through planned operating surplusès. The Trustees are aware of the uncertainty irh building reserves and recognition and revaluation of the deflned benefft pension scheme liability. which 15 forecast to be irh place until 2028. The defined benefit pension liability will not crystallise in ihe short term. Total group reserves at 31 Marth 2024 were £573,510 12023= £534,357) which included fixed assets of £35.98812023.' £28,7101. Free resèrves for the year, excluding fixed assets and designated funds for the group were £207.522 12023.. £175,647). The trustee5 have designated £330.000 in the year for specific purposes as detailed in the noles lo ihe financial statements. Rlsk Monagement The Trustees revlew ihe risks facing the Charity on a regular basls in line with its adopted risk management p¢Jlicy. Where appropriate, systems or procedures have been establishèd to mitigate the risks the charity faces. Internal contml risks are mlnimised by the implementation of procedure5 for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of 5taft, clients and vlsitors to the premises. Additional Finbncral and safety consideration has been included due to the uncertaintie5 Wlth cost-of-livlng crisis. PLANS FOR FUTURE PERIODS Pre year end the Trustees, and management reviewed the draft budget, which indicated that the groupwould be returning a deflclt Posfcion for 202412025, for the core servlce. This was primarily due to funding availability and rising tosts, along wr¢h penS￿n deficit, and cost of living crisls. The defictt budget position was addressed by reviewing every budget line and maklng changes wherever possible to reduce the defi¢it position, this included proposed relocation of both core and practical services, which has now been implemented, providing a small surplus of several hundred pounds. The staff have undèrstood every part of the process and have helped to support the agency throughout. Also respondinB well to changes in working patterns and service delivery. The demand on the servSce and the need to become as efficient as possible to utilise our resDurces to their upmost potential, 15 crucial for SUPPOrting client5 Within our communlties moving forward. As previously mentioned during the year we have also once again been ihrough the Advice quality assessment and have beèn accèpted for a further 2 years of Accreditation. Thls ha5 been a credit to all involved with the agenry trustees, management and operational staff. showing their commitment and dedication to enable equality for all our cllent5 through service delivery. During 2023-24. the Agency staff and management have been sutcessfvl in utilising all resources made available to thelr full potential, and once again have produced excellent outcomes supporting clients and partners throughout the Counties of Blaenau Gwent & Caerphilly. BLAENAU GWENT AND CAERPHILLY CARE & REPAIR GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The agèncy has oncè again received a small amount of additional core funding which has been most welcomed, supporting staff with c05t-of-Iivin8 increases and 8enerBI uplifts in material and operational c05tS. Moving forward, careful balancing of service delivery is required with the ability to adapt,. insurtng staff have relevant training and resources at their disposal. Throughout the year it ha5 been evident that the demand on the serviies deliVe￿d k)avè no4 Slowed down and ab e essentl31 io SUPPOrtirig the community aiid funding partners. adopting new approaches to operational delivery, whilst maintaining our core values for enabling clients to remain safe and warm in their own homes is a credit to our staff. Both nationally and locally, service dellvery has been reported on to WG. Care and Repair Cymru contlnuously hlghlight the need for addititsnal funding to support clients throughout W3les. Over the past year. the agency was fortunate enough to receive additional capital funding to help with demand, supporting both h05Pltal disthar8e and preventative adaptations. All addltional funding has been most welcomed, and Dbviousty helps to alleviate pressures on all services. The three year indicative WG core grant award received during 2022 offered the agency the ability to strategically plan for operational delivery of the service with a positive outlook. Hopefully this will be the future case and provide the agency some stability 80ing forward. On another note. we have acquired RPB funding through CRC to offèr a continuation of our Hospital to healthy home caseworker, working primarily at Ysbyty Ystrad Fawr Hospital as well a5 5UPPOrting colleagues based wrthin The Grange, Neville Hall, and the Royal Gwent over 5 days per week through until the end of March 2025, with Client safe discharge. The Agency has also received a positive assessment through Re¢ognising Excellence, Advice Quality Standard with a recommendation of continuation for the standard. Thè Standard provides the agency with a national recognised award for excellent Service delivery, ensuring that all clients receive thè care and consideration required that agency staff follow suitable processe5, procedures for service delivery and that management also consider the 5UPPOrt, and guidance ￿ available for all staff to achieve thelr goals. The in-depth a55e55ment a150 highliÈhts both wsitive/negative and any areas for improvement, also ensuring admlnistrative documents both legal/general and management Structure is supporting the service to it5 full potential. STRucfuRE GOVERNANCE AND MANAGEMENT Governing Document Blaenau Gwent & Caerphilly Care & Repair is a charitable company limited by guarantee. incorporated on the 27 June 2017 and registered as a charr(y on 15 November 2017. The company was established under its Articles of Association, which outlines the objects and power5 of the charity. In the event of the company being wound up, the Ilability of the mernbers is limited to a sum not excèeding £1. Trustees The dirertors of the company are a150 the charity S trustees for the purposes of charity law. All trustees 8ive their time voluntarily and receive no benÈfits from the charity. BLAENAU GWENT AND CAERPHILLY CARE & REPAIR GROUP REPORTOF THETRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The first director5 were appointed as Trustees for a term of be￿een l and 3 years. Apart from the flrst Trustees, every Trustee must be appointed for a term of three years by a resolution pa￿ed at a properlv convened meeting of the Trustees. Over the past year, the Charity ha5 wekomÈd a new trustees who will bring additional 5UPPOrtlskills and knowled8e to support tne agency moving forward. Trustee Induction and training Most trustees are already familiar with the practical work of the charity as they were members of Blaenau Gwent Care & Repair. and Care & Repalr Caerphilty, prior to the merger of both companies in 2017. New trustee5 are invited to rneet with the Chair and the Chief Executive Officer of Blaenau Gwent & Caerphlllv Care & Repalrto famillarise themselves with the charity and the context in which it operates. These meetings jolntly cover the following: The obligations of Trustees The airlls and objectrves and activities of the CharTty Resourcing and current financial position Future plans and oblectlves The new trustee will receive the following key documents.. Articles of ￿sociation Annual Report and Audited Accounts The Charity'5 pollcy for deallng wrth CDnflicts of Snterest A copy of the national occupational Standards for Trustèes and Managemenl committee members Guidance document.. Yhe Essential Trustee" what you need to know ICC31 and the hallmarks of an effective charily ICCIOI along with links to all ihe Dther guidance and infomiation held on ihe Charltv Cornmlsslons, websrte. A skllls audit will be undertaken tri-annually to ensure that the Board of Trustees have the necessary skills to undertake their roles, and to address any areas where knowledge ￿ lirntted. The agency will carry out a Governance ￿SeSSment process for 2022-24 35 part of a national prote5s for care and repair services, through Care and Repair Cymru. BLAENAU GWENT AND CAERPHILLYCARE & REPAIR GROUP REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE D￿AlLs Company number.. 10838311 Charlty number: 1175753 Principal office: Unit la-lb, Foxes Lane Oakdale Busine55 Park Oakdale Blatkwood NP12 4AB Trustees Carol Morgan Colin W3llbank John Mason Georglna Jones Haydn Trollope Robert Hall Richard Bevan Sonia Amelia Behr Ellen Louise Jones Chair Treasurer Vice chair Key ManaÉÈmÈnt Personnel Rodney Evans Chief Executwe Officer Tina Howells Office/Finance Manager Mike Lock Senior Technical Officer Nigel Williams Practlcal Service Minor Adaptation5 Manager Auditor: Azets Audit Services TyDe Lime Tree Court Cardiff Gate Business Park Cardkff CF23 8AB Bankers: Unity Trust plc Nine Brindleyplace, Birmingham, BI 2HB Solicltors: Geldard5 Dumfries House, Dumfries Place, Cardtff, CFIO 3ZF BLAENAU GWENT AND CAERPHILLY CARE & REPAIR GROUP REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 RESPONSIBILITIES OF THE BOARD OF TRUSTEES The trustee5 Iwho are also directors of Blaenau Gwent and Caerphllly Care & Repair) for ihe purposes of company lawl are responsible for preparing the Trustee5' Report lincorporatinÉ the directors, report) and the financial statements In accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Finonool Reporting Standord cpplicoble in the UK ond Republlc of Irelond Iunited Kingdom Generally Accepted Accounting Practicel. Company law requires the tnjstees to prepare financial statements for each flnanclal year which give a true and fair view of the state of affair5 of the charitable company and the Eroup and of the income and ÈxpendSture of the charitable group for that year. In preparing these financial statements, the trustees are required to.. select suftable accountinB policies and then apply them conslstently,. observe the methods and princlples in the Charitie5 SORP.. make judgments and accountlng estlmates that are reasonable and prudent,. prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are re5pon5ible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial poslilon of the chaiitable company and enable them to ensure that the financial statemènts compfy with the Cornpanies Att 2006. They are a150 re5PQll5ible for 5afeguardin8 the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud arhd othèr irregularities. In 50 far as the trustees are aware.. there is no relevani audit Information of which the charitable company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to makè themselves aware of anv relevant audlt Informatlon and to establish that the auditors are aware of that information. The trustees are responsible for the maintenante ar)d Integrity of the corporate and financial information included on the charitablè company's website. Legislation in the United Kingdom governing the p￿paratIOn and dissemination of fir)anclal statements may dtffer frDm legislation in otherjurisdictlons. Approved by the Board of Trustees on . If...l.1012.4. and slgned on behaff of the Board Trustee Carol Morgan REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEESOF BLAENAU GWENT AND CAERPHILLY CARE & REPAIR FOR THE YEAR ENDED 31 MARCH 2024 in We have audr(ed the financial statements of Blzenau Gwent And Caerphllly Care & Repalr (the 'parent charitable comp3n¢l and Tts su1￿1d13ries Ithe'group'l for ihÈ yearended 31 March 2024which cornprise the consolidated and parent Statement of Financial ACINIt￿S. the consolidated and parent Balance Sheet, the consolidated Statement Df C35h Fk)w5 and notes to the financial statements, includirg SiEnificant accountinB policvd5. The finarKial reporting frèmework th*, has been applied in their preparation ',5 aFplrdble .'av4 ald United K',ngdorn AccountinE St2ndards, ncluding Financial Reporting Standard 102 The Finonciol Reportif￿ Standurd opplinble the UK ond Republic of Irelund Iunited Kingdom General￿ At￿pted AccountSng Prxtkel, In ouropinion thÈ financial statements: give a true and fair view of the state of the group's and parent Charitab￿ ¢Y)mpanWs affairs as at 31 March 2024, I￿1 of the group's incoming resour￿ and applIcat￿n of resources. including its Sncome and expendtture. forthe yearthen ended,. have been proper￿ prepared in accordance wrth United Kingdom General￿ACCepted Accountin8 Prattice; and have been prepared in accordan￿ with the requrements of the Companles Art 2006. BasSsfor ￿nIon We conducted ouraudit in accordance wilh Intemational Standards on Auditing IUKI115As IUKII and applicable law. Our r&£ponsibilities underth￿e standards are further descri1￿￿ in the Auditorfs respOnsib￿ltieS forthe audié of the financial statements section of our report. We are independent of the group and parent charitable company in accordan￿ with the ethical requirements that are relevant to our audit of the fInar￿la1 statement5 in the UK, Inc￿￿1￿8 the FRCS Ethical Standard, and we havefulFilled our other ethlcal re5ponsibilitEs in 2ccDrdaMÈ with these requirements. We ￿lieve Ihal the audit evidence we have obtained 15 5ufficierrt and appropriate to providp a basis forour opinion. Conclusions relating to 8oin8 concem In auditing the firlanc￿lI statèments, we have conduded that the trustees, use of the going concern bas￿ of accounting in the preparation of the financial Statements ￿ approprrdte. Based on the work we have performed, wè have not Identified any material Un￿rtaIrbtle5 relating to events or coThlitions that, individualty orcolleL1ively. may cast 518nthcant doubt on the group's Dr parent charitable companV5 abllity to continue as a golng c0￿M fora period Df at least tWe￿e months from when the financial ststements are aUthOr￿ed for tssue. Our responsibilities andthe reswbnsibilicies ofthetrustee5With ￿peCttO80lnB concern are described H)the relevant 5ectlons of this report. The other information tomprises the Informat*)n Induded in the Report ol the Trustees. other than the financial Statements and our auditorfs report thereon. The trustÈes are resw)ns1b￿ for the otheT infomiation cOntai￿d wrthin the annual rewrt. Ouroplnlon on thefinancial statements does not cover the other inf0mlat￿n and, ex￿pt tr) the extent otherwise explicrtly stated in our rewrt, we do not express any fomi of assuran￿ concI￿lOn thereon. Our re5ponslbilrty isto ￿adthe other informatlon and, in doingso, considerwhetherthe other Infom)ation is materially inconsiMent with the financial stslements or our knOw￿dge obtaired in thè course of the audit or rJtherwi5e appears to be Material￿ misstated. If we Identfy such material incon51Stenaes or apparent material misstatements, we are required to detemiine whether this gwe5 rise to a material msstatement in the financial 51atements themselves. If, based on the workwe have performed, we concludethatthere materrdl M￿statement of th￿ other information, we are required to rep)rt that fact. We have nothinglo report in this regard. REPORTOFTHE INDEPENDENT AUD￿oR5 TO THETRusfEES OF BLAENAU GWENT AND CAERPHILLY CARE & REPAIR FOR THE YEAR ENDED 31 MARCH 2024 OpInho￿ on otherrnattw5 prescrlbed bythecompanles Art 2( In our oplnk)n, based on the wort( undertaken in the cOu￿e of the audrf(.' the inforniatlon gNen in the trustees, rèport for the financial year for whth the financial 5tstements are prepared ￿ con5i5tentwtih the financial statements: and the director5, rerjort ha5 prepared in actordance wilh applKable ￿SaI requirements. Matteys on whith are rewired to report by exceptir)n In the light of the knowledgÈ and understandSng of the group parent charitable compaTry and its environment obtsined inthe course of the audr(, we have not KlentrfÈd material mi$5tatements in the tru5teeg report. We have nothingto repDrt in resr*rt ofthe following matters in rektlon to whlch the Companie5Act 2LK% requires USto retK)rt to you rf, in our opinion.. adequate accounting recor(Is ￿￿e not been kerrt ￿ the parent charrtable company, or return5 adequate fr)rour audrt have not been recewedfrom branches not visrted by us; or the parentcharitabk companrfsfinanoalststÈments are not in agreernent with the accountlnB records and retums: or rtain discbsures of trustees. remuneratlon specrfied by law are not made. we have not received all the infomiation and explanations WÈ require for our audrrt- or the trustees were not entIt￿d to prepare the financial Statements Sn accordance wrih the small companie5 regwne and take advantage of the small companies exemptions in p￿paring the trustees, rewt and from the requirement to prepare a strategic ￿P)rt. Re5ponslbifrtle5 of trusiets As explained more fully in the tru5te&' respons11￿1￿￿% ststement, the trustees (who are abo the dIrectO￿ of the parent charitable coThpany for the purposes of company lawl are responsible for the preparation of the finanaal Statements and for being satisfled that tlw gwe a true and fair v￿w. and for such internal control as the trustees tktemi#)e i5 necessary to enab￿ the preparation of financkql statements that are freefrom material M￿statement, whether due to fr￿d or error. In preparing the finantial statements, the trustees are reSpO￿lbIe for a55e55ing the groups and parent choritsble companvs abilityto continue as a go1ngc0￿ern, discPosin& as app￿ab￿, Matte￿ relatedtogolngconcem and u51ng the going ￿t￿ern basis of accounting un￿5 the twstees efther intend to liquidate the group or pa￿nt charitsble cornpany orto cease operatlons, or have no rea￿stiC al￿rnatIve bkrt to d050. Authtorf5 rewn51bll￿es for theaudltof thefinandal statements Our objectNe5 are to olAain reasonable assuran￿ about whether the financial statements as a wholp arefree from material M￿Statement, whether due to fraud or error, and to issue an audTtorfs report that includes our opinion. Reasonable a55ufdnce is a high level of assurance, but is not a guardntee that an audrt conducted in accordan with ISAS IUKI will always detttt a material mSsstatemenl when r( ex￿ts. Misstatementscan arisefrom fraud orerror and are considered material rf, indNTrdualty or in the aggregate, they could reasonably be exF*ded to Infiuence the economic decblons of users taken ￿ the basis of these financial ststements. A further description of our re5FX)nSih'lit￿s S availab￿ on the Financial Reportin8 Councifs webslte at.. Audrtorfs Res nsibilrties for the Aud"rt. This de5crlptK)n fo￿15 part of ouraLbdrÉorfs rep)rt. io REPORT OF THE INDEPENDENT AUDrroRSTO THE TRUSTEES OF BLAENAU GWENT AND CAERPHILLY CARE & REPAIR FOR THE YEAR ENDED 31 MARCH 2024 Extent to wh￿h the audit was consldered caPa￿e of detectlnE Irregularltles, includlng fraud Irre8ularitie5, includin8 fraud, A￿ instances of non-tompliance with laws and regU￿10n$. We desEn procedures in line with our respon5ibilrt*s, outllned above. to detecl materbal misstatements in respect of irreBulartties, includin8 fraud. The extent tts which our prO￿dureS are cèpabk of detetting Irregular[t￿5, including fraud. We obtain arid update our understandlng of the entity, its activtties, its control environment, and Ilkely future developments. including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and ￿SesS the r15k5 of material misstatement of the financial statements, whether due to fraud or error, design and perform audlt procedures responslve to those risks, and obtain audtt @vidence that is sufflcient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity ihai were contrary to applicable laws and regulations, including fraud, In response to the risk of irregularities and non-compliance wlth laws and regulation5, including fraud, we de5i¥ned procedure5 which included= Enquiry of management and those charged with Bovernance around actual and potential litlgation and claim5 a5 well as actual. suspected and alleged fraud.. Reviewing mlnutes of meetings of those charged with governance,. Assesslng the eKient of compliance with the laws and regulations considered to have a direct material effect on the fSnanclal statement5 or the operations of the entity through enquiry and inspection,. Reviewingfinancial statement disclosures and testing to supportlng documentation to assess compliance with applicable laws and regulations- Performing audit work over the risk of management bias and override of controls, Including testing of journal entries and other adjustments for appropriateness, evaluating the buslness rationale of significant transactions outside the normal course of businÈss and reviewin8 accounting estlmates for indicators of potential bias. Because of the Inherent limitations of an audit, there is a risk that we will not detert all irregularities. including those leading to a material misstatement in the financial slalements or non-compllance with regulation. This risk increases the more that compliance wrth a law or regulation 15 removed from the events and transartions reflected in the financial statements, as we will be le55 likèly to become aware of instances of non- compliance. The risk of not detecting a material misstatemenl resulting from fraud is higher than for one resulting from error, a5 fraud may involve collusion, fDrgery, intentional omis5ion5, misrepre5entatK)ns. or the override of internal control. li REPORT OF THE INDEPENDENT AUDITORSTO THE TRUSTEES OF BLAENAU GWENT AND CAERPHILLY CARE & REPAIR FOR THE YEAR ENDED 31 MARCH 2024 Use ofour report This rew)rt Is made solely to the charf(able companvs merllLET5, as a bpdy, in accordance with Chapter 3 of Part 16 of the CLJmpaniÈs Art 2006. Our audtt work has been undertaken 50 that we might statetothe charitable companqs members those matters we are requi￿1 to state to them in an auditorfs report and for no other purw)se. To the fijllest extent pemiltted by law. we do not accept or assume re5POn5ibilrty to anyonè other than the ch3rrtable company anci tne cnaritai)le compan¢s memtiers, for our audit worK, Tor thi5 rewrt, or for the oplrilon5 we iwe formed. Awl hthF K￿herIne Parkln Senior Statutory Auditor 8 November 2024 Date................................,..... For and on behalf of Azets Audlt Setmces Chartered Accountants and Statutory Auditors Ty Derw Lime Tree Court Cardrff Gate Business Park Cardiff CF23 8AB 12 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR STATEMENT OF FINANCIAL A￿1V￿lE$- CONSOLIDATED FOR THE YEAR ENDED 31 MARCH 2024 IINCORPORAnNG AN INCOME AND EXPENDITURE ACCOUNf Totsl fund5 2024 Total funds 2023 Unre5tri¢ted funds Restrtrted funds Note Intome an¢ enaowments from: Donations and legacies Charitable activities Investment income other income Trading subsidiary income 6,610 1,107,790 ZO,773 112 3,095 6,610 1.2ZO.601 20,773 112 3,095 692 1,183,(K)I 8,408 443 2,345 112,811 12 Totol income ond endowrnents 1,138.380 112,811 1,251,191 1.194,889 Expenditure on: Charitable activities Trading subsidiary's expenditure Total expendfflture 741,071 294.156 1,035.227 112,811 853.882 294.156 1,148,038 794,079 229,193 1.023,272 12 112.811 Aletlncome 103,153 103,153 171,617 Other recognlsed Igsses.. Actuarial gain51llossesl on defined benef it pension schemes 20 (64.0001 164,OW) 130,0001 Net movementln fvnds 39,153 39.153 141,617 Reconciliation of Fund5 Total funds brought forward Totalfvnds corriedfonvord 15,16 16,17 534.357 573,510 534.357 573.510 392,740 534,357 All of the net incomin￿loUtgO1n8I resources are from contlnulng activities. The company has no recoEnised gains or105ses other than the above. The notes on pages 18 to 41 form part of the financial statements 13 BLAENAU GwE￿AND CAERPHILLY CARE & REPAIR STATEMENT OF FINANCIAL ACTIVITIES- CHARITY ONLY FOR THE YEAR ENDED 31 MARCH 2024 (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI Total funds 2024 Total funds 2023 Unrestricted funds Restricted lunds Note Income and endowments from: Donations and legacies Charitable aCtiVrt￿S Investment income Other income Total Income and endowments 90.877 1,176,829 20.773 112 103,712 1,281,326 8,408 443 1,393,889 1,289.640 20,773 112 1.401.402 1,288,591 112,811 Expenditure on: Charitable activities Total expendlture 1,178,073 1,178,073 112,811 112.811 1,290.884 1,2Y).884 1,223,971 1,223,971 Netincome 110,518 110.518 169,918 Other recognised1055es.' Attuarial Eainslllossesl on defined benefit pension sthemes 21 164,0001 164.CQOI 130,OCIOI Netmovement in fvnds 46,518 46,518 139,918 Reconcillation of Funds Total funds brought foN4ard Totalfvnds currledfvrword 15,16 18 499,601 546.119 499.601 546,119 359.683 499,601 All of the net incominglloutgoingl resources are from continuing actNlties. The company has no recognised gains or lossès othèr than the above. The notes on pages 18 to 41 form part of the financlal statements 14 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR BALANCE SHEET- CON50LIDATED AS AT 31 MARCH 2024 2024 2023 Note Flxed assets: Taneible assets li 35.988 28,710 Current assets: Stocks Debtors Cash at bank and in hand 18.825 374,037 581,517 974,378 8,443 279,432 589,662 877,538 Liabilitie5'. Creditor5.' Amount5 fallinB due wrthin one year 14 {149.6811 1102,8901 Net current assets Totol 955ets less ¢urrent liabilities 824.697 860,685 774,647 803,357 Defined beneflt pension scheme liability Deferred tax Net a55ets 21 1280,(M)01 17.1751 573.510 1269,CKK)I 534,357 The funds of the charity: Restricted income fund5 Unrestricted funds.. General fund5 Deslgnated funds Total ¢harlty funds 15 16 243.510 330.000 573,510 204,357 330,OC4) 534,357 17 18 These financial siatement5 were approved by the Board of Trustees on .. Tru Carol Mor9an ee Trus ee Robert Hall The note5 on pages 18 to 41 form part of the flnantlal statements 15 BLAENAU GWENT AND C4ERPHILLY CARE & REPAIR BALANCE SHEET- CHARITY AS AT 31 MARCH 2024 2024 2023 Note Flxed a$sets: Tangible assets li 7.288 Current a55ets: Debtors Cash at bank and In hand 13 460,512 497,857 958.369 411,067 451.670 862,737 Liabilltles: CreditDr5= Amounts falling due within one year 14 1139.S381 194,1361 Net current a55et5 Totul assets le55 current Ilabllities 818,831 826.119 768,601 768,601 Defined benefit pension scheme liabilitv Net assets 21 1280,(1101 546,119 1269,OCQI 499,601 The funds of the charlty: Restricted income funds Unrestricted funds.. General funds De51Enated funds Total charlty lunds 15 16 17 18 216.119 330,000 546,119 169,601 330,000 499,601 These financi81 statements were approved by the Board of Trustees on . Tru Card Morgan Robert Hall The notes on pages 18 to 41 form part of the flnanclal statements 16 8LAENAU GWENT AND CAERPHILLY CARE & REPAIR STATEMENTOF CASH FLOWS-GROUP FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 Net cash provided byllused inl operatin8 activities 20 1.4% 117,029 Cashfvw5from investing activities.. Dividends, interest and rents from investments Purchase of property plant and equipment Net cash used In Investlng oftivities 20,773 130,4141 (9.6411 8,408 113,7401 15,3321 Chan8e in cash and cash equivalents In the reporting perlod IB,1451 111,697 Cash and cash equivalent5 at the beglnnlng of the reporting period 589.662 477,965 Cash and cash equivalents at the end of the reporting perlDd 20 S81,517 589,662 The notes on pages 18 to 41 form part of the financial statement5 17 BLAENAU GWENT AND CAERPHILLYCARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Legal forni and address Blaenau Gwent ond Caerphilly Care & Repair is a private company limited by guarantee Incorporated in England and Wales. The registered office is Untt la-lb, Oakdale Business, Oakdale, Blackwood, Wales, fvPli 4A&. Basls of preparation The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practlce applScable to charitie5 preparin8 their accounts in accordancÈ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° leffectlve l January 20191. The charity s a Public 8enefrt Entity as defined by FRS 102. The financial statemenis are prepared in sterling, which is the funrtional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial staterllents have been prepared under the historical cost convention. modrfied to Include the rèv31uatlon of freehold properties and to include investment propertie5 and certain financial instruments at fair value. The principal accounting pollcie5 adopted are set out below. Group financial statements The financial statements consolidate the results of the charity ond its wholly owned subsidiary Care & Repair Horne Mainlenance Services Limited on a line by line basis. Going concern At the time of approvinR the financial statements, the trustee5 have a reasonable expectation that the group and the charlty have adequate resources to continue In operational existence for the fore5eeablÈ future as the chariWs m3in fundlng continues. The defined benefrt pension liability wlll not crystallise in the short term, therefore ihe trustees coritinue to adopt the going concern basi5 of accountin8 in preparing the financial statèments. Fund a¢countin8 General funds are unrestrirted funds which are avalL3ble for use at the discretlon of the board in furtherance of the general objectives of the charity and which have not been designated for othèr purposes. Restricted funds are funds which are lo be used in accordance with specrfic restriclions impose(I by donors which have been raised by the charity for particular purpose5. The tost of raising and admini5terinB such funds are charged against the specific fund. The aim and use of each restritted fund is Set out in the notes to the financial statements. 18 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTESTO THE CONSOLIDATED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES lcontlnuedl Income recognition Income is recognised when the charity is legally entitled to it after any performance conditions have een met, tne amounts can be measured reiiabry, ana it is prDi)able that income will i)e received. Cash donations are recognked on receipt. Other donations are recoEni5ed once the charrty has been notified of the donation, urbless performanee condltions requlre deferral of the amount. Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income wlll be received and the amount can be measured reliably and is not deferred. Contract Income and 5ervlce fees are invoiced net of VAT and is recognised in the period to which the servlce relates. Sale of goods and sundry income is recognised at the date of sale. No amounts are includèd in the financlal statements for services and time donated by volunteers. Interest on funds is included when receivable and the amount can be measured reliably by the charlty. this is nom)alty upon notrfication of the interest paid or payable by the bank. ExpenditurÈ reco8nition Expenditure is recognised once there is a legal or constructNe obligation to make a payment to a third party, it Is probable that settlement will be required and the amount of the obligatbon can be measurèd reliably. Expendttuie is cla55rfied under the following activlty headings.. Charitable Èxpenditure comprises those costs incurred by the charity in the delSvery of rts actlvlties and services for its beneficiaries. It includes both costs that can be allocated directty to such activities and those costs of an indirect nature necessary to support them. b. Governance costs included in support costs are those cost a550ciated with meetlng the constitutional and statutory requirement5 of the charity and include audlt fees ènd costs linked to the strategic management of the charity. c. AII c05t5 a￿ allocated between the expenditure categories of the SOFA on a basis desi8ned to reflert the use of resource. C05t5 relating to a partlcular actlvity are allocated directly. Irrecoverable VAT Is charBed a5 a cost against the aCt￿ltY for whlch the expenditure was Incurred. Grant5 payable are payments made to ihird parties in fUrtherdn￿ of the charitable objects of the company. The grants are accounted for where either the Trustees have agreed to pay the grant without cond[t￿n and th• r•ciplent has a rea&on2blÈ èxpertation that they will receive a grant. or any condition attached to the grant Is outside the control of the companv. 19 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) Taxalion As a registered charlty Blaenau Gwent and Caerphilly Care & Repair is entitled to the exemption from iaxation in respert of income an¢i capital gain5 received witn sertions 478-489 of tne Lorporation i ax Act 2010 8nd section 256 of the Taxation of Chargeable Gain5 Act 1992 to the extent that these are applied to its charitable objects purposes onlv. Fixed assets Tangible fixed assets are Inltlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses or In cases where fixed assets have been donated to the charity, at valuation at time of acquisition. Depreciation Is recognised 50 as to write off the cost Dr valuation of asset5 less their resldual values over their useful Ilves on the followin8 basis: Office Equipment Motor vehicles Computer equiprnent 33% straight line 33% straight line 33% Straight line Stocks Stock5 are valued at the lower of cost and net realisable value. Net Teali5ablÈ valuè Is based on the Èstimated selling Pri￿ after taking into account 311 further costs and excess stocks that are slow moving- Cash and cash equl¥alents Cash and cash equivalent5 Include cash in hand, deposits held at call wth banks, other shDrt-terrn liquid investments with oriEinal maturities of three months or less, and bank overdrafts. Bank overdraft5 are shDwn w￿h7n borrowlngs in current liablllties. Financial in5trument5 The charity has elected to apply Ihe provislons of Section Il'Basic Financial Instruments, and Section 12 '0thgr Financial Instruments Issues, of FRS 102 to all of its financial instrument5. Flnancial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual prov1s￿)n5 of the instrument. Financial assets and liabililies are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simulianeousty. Basic financlal assets Basic financial assets, which include debtors and cash and bank balances. are initialty measured at tran5artion price including transaction costs and are subsequently carried at amortised c05t Uslng the effective interest method unle55 the arranÉement constitute5 a financing transaction, where the transaction is measured at the present value of ihe future receipt5 discountèd at a market rate of interest. Financial assets classified as receivable within one year are not amort15ed. 20 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTE5 TO THE CONSOLIDATED FINANCIAL STATEMETr¥rs FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNTING POLiaES (contlnued) Dere¢o8nition of financial assèts Financial assas are dereco8nised only when the contractual rights to the cash flows frorn the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and ￿Wara5 of ownership to anotner entity, or rf some 5ignSflcant risks ano reward5 of ownerslilp are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated thlrd party. Flnanclal liabllities Basic financial liabilitSes, including creditors and bank loan5 are inriially recognised at transaLtion price unless the arrangement constr(utes a financlng transaction. where the dÈbt Instrumenl is measured at ihe present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable wiihin one year are not amortlsed. Debt iristruments are subsequently earrled at amortised cost, using the effective Interest rate method. Trade creditors are obligalions to pay for goods or seThices that have been acquired in the ordinary course of operation5 from suppliers. Amounts payable are tLqssified as current liabillties rf payment is due withln one year or less. If not, they are presented as non-current liabilit￿s. Trade creditors are reco8nised initially at transaction price and subsequently measured at amort15ed cost uslng the effective interest method. Derecognltion of financial Ilabllltles Financial liabilities are derecogni5ed when the charity's contractual obllgatlons expirè or are dlscharged or cancelled. Employee Benefits The £u5t5 of short-term employee benefrts are recognlsed as a liablllty and an expense, unless those costs are requlred to be recognised as part of the cost of stock or fixed a55ets. The cost of any unused holiday entitlement 15 recognised in the period In which ihe employee'5 services are received. Termination benefits are recogni5ed immediately as an expense when the charity is demonstrably committed to tern)Inate the employment of an employee or to provide termination benefit5. Pensions The Society operates a defined benefit pension scheme for cèrtain employees. The assets of the scheme are held Separately from those of the soclety. The provision5 of FRS102 have been adopted. The contributions to the scheme are charged to the irtcome and expenditure account SO OS to spread the c05t of penslons over the servlce lives of employees15ee note 211. Variations from the regular cost5 are spread over the average expettÈd remainin8 worklng lives of current members in the scheme. The charity also operates a defined contribution scheme. Payments to the defined contribution retirement benefft scheme are charged as an expense as they fall due. 21 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of charity's accounting polic￿5, the trustees are requireo to make judgements, estimates and assumptions about the cairying amount of 2S5ets and liabilities that are not readily apparent from other sources. The estimates and associated a55UmPtions are based on historical experience and othef fartors that are considèrèd to be relevant. Actual results may differ from these estirnates. The estimates and underlying assumptions are revSewed on an ongoing basls. Revisions to accounting estimates are recogni5ed in the period in which the estimate ￿ revised where the revision afferts only that perlod. or in the period of the revision and fulure perKJds where the revislon affects both current and future periods. INCOME FROM DONATIONS AND LEGACIES Unrestricted funds Restrlcted funds Total 2024 Total 2023 rou Donations 6.610 6.610 6,610 6.610 692 692 Charl Donations Gtft ald from Care & Repalr Home Maintenance Services Limited 6,610 6,610 692 84.Z67 90.877 84.267 90.877 103,020 103,712 22 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO ThE CONSOLIDATED FINANCIAL STATEmE1￿r5 FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIE5 Unrestrlcted funds Restricted fund5 Total 2024 Total 2023 Grou Grant income 1.107.790 1,107,7 112AII 112AII 1.220,601 1,220,601 1,183.001 I,183.￿1 Char Grant income Management fees 1,107,790 69.039 1.176,829 112,811 1,220.601 69,039 1,289,640 1,183,001 98,325 1,281,326 112.811 Included wlth the abrwe income is the tollowing funding: Welsh Government RRAP Capf(al- Caerphilly County- £196,05612023'. £199,656) Welsh Government RRAP Capital- Blaenau Gwent County- £128,78512023'. £128,785). We15h Government Core Funding- £362,12512023= £341,686) Health Board Core Revenue = £20,90912023.. £20,909) laenau Gwenl CBC Safety at Home- £lOO,afX)12023'. £100,0(KJI Aneurin Bevan University Health Board= £IOO,00012023: £100,C4xII Caerphilly CBC = £108,69612023.. £91,3041 Blzenau Gwent CBC- £72.97812023-. £77,876) Blaenau Gwent Prof Fees IENABLE ILG & RRAP+l - £10,94712023.' £11,681) Caerphilly Prof Fees (ENABLE ILG & RRAP+l - £16.30412023.. £13,696] INVESTMENT INCOME Unrestrlcted lunds Restrlcted funds Total 2024 Total 2023 Gr and charht Bank interest 20,773 20,773 20.773 20.773 8,408 8,408 OTHER INCOME Llnrestrirted funds Restrirted funds Total 2024 Total 2023 Grou an hari Other incorne 112 112 443 443 23 BLAENAU GWE￿ AND CAERPHILLY CARE & REPAIR NOTES TOTHE CONSOLIDATED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE ON CHARITABLE ACTIVITIES Total 2024 Total 2023 Dlrert Support Governance Audit Bank charges Donations Depreciation FRS 102 Pension costs Health & safetv Cymru Fundin& Gas Safety etc & Charrtable Funders Contrartors ILG Funders Insurance Internal Audlt ITsoftware & 5UPPQrt Printin& postage and photocopying Rent and rate5 RIF Contrattors- RRAP fundlng Contractor5- Caerphilly RRAP Plu5 Contrartor5 SAH Blaenau Gwent Staff £0515 Software & support Subscriptions Sundry TelecommLtnications Provision of hDme maintenance services Tralnlng & conference5 Travel 24,447 24,447 126 2.520 1.631 16,000 8,346 10,031 124 113 2,520 1.468 I6,￿10 7.511 13 163 12.0 4,461 835 1,900 26,859 11,516 1,382 1,900 26.859 11,516 1,536 12,422 11,842 8,113 154 10,210 2,119 20.197 s,￿0 145,450 235 2.244 2,354 22,441 5,LlOO 145,450 1,294 20.614 104,134 43,764 43,764 50,065 51,167 409.763 11,605 2,656 2,854 5,165 51,167 455.292 12.894 2.951 3.171 5,739 80.788 452,833 45,529 1.289 295 317 574 1,559 771 3,849 294,156 559 7,343 1,071,067 294.156 621 8,157 1,148.038 229.193 1,080 7,889 1,023.272 6Z 814 52,524 24.447 24 BLAENAU GwETr￿ AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 7. EXPENDITURE ON CHARITA8LE AcnviTIES Icontlnuedl Totsl 2024 Total 2023 Dirert Support Governance Chari Audit Bank charges Donation Depreciation Health & safety FRS 102 Pension Costs HTW ILG Insurance Internal Audtt ITSoftware & 5UPFQrt Printing. postage and photocopying Rent and rate5 RIF RRAP RRAP Plus SAH Staff costs Subscriptions Sundry Telecommunications Training & conferences Travel 24,447 24,447 126 2.520 1,631 8,346 16.000 1,9(M) 110.878 11,516 1.536 12.893 10,031 124 113 2.520 1,468 7,511 16.000 1.91)0 110,878 11.516 1,382 11,604 13 163 835 4,461 12,000 12,422 121,775 8.113 154 1,289 10,210 2.119 20,197 235 2,244 2,354 22,441 1,294 20,614 423,358 70,794 99,212 409,763 2,656 2,854 5.165 559 7.343 1.213.912 423,358 70.794 99,212 455.292 2,951 3.171 5,739 621 8.157 1,290.884 424,093 50.065 80,788 452,833 1,559 771 3,849 1,080 7,889 1,223,971 45.529 295 317 574 62 814 52.524 24,447 NET INCOME FOR THE PERIOD Net income for the period was stated after charglng- 2024 2023 Grou and cha Auditors, remuneratlon: Audit fees Accountancy seNices Operating lease charges Depreciation- Charity Depreciation- Group 24,447 9.￿0 1,031 10.108 1,631 21,505 12,060 25 BLAENAU GWENT AND CAERPHIUY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE cosr OF KEY MANAGEMENT PERSONNEL Total 2024 Total 2023 Grou Wages and salariÈs Social security Costs Pension cost5 501.460 43,881 25,695 571.036 464,515 36,637 24,115 525,267 Charl WaBes and salaries Social security cost5 Pen5i0n c05t5 399.806 34,874 20,612 455.292 395.590 30,591 26,652 452,833 Redundancy costs included within the above totalled £nil12023.. £ nill. Note the above pension costs includes deficit payments made in the year to the SHPS pension scheme. No employees received remuneration exceeding £60,000 in the year12023.' nonel. No trustees received any remuneration in the current period. No trustees received any expenses in the current period. Key management personnel The key management personnel of the charity as noted in the trustee5' report receNed beneftts lincluding gr055 Salary, employers, national insurance contributions and employers pension contributions) of £153,19112023.. £128,7441. io. STAFF NUMBERS The average number of staff employed by the group during the perlod wa5 a5 follows- 2024 No. 2023 No. Group 21 21 Charity 17 18 26 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTESTO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSErs Computer Equipment Office equipment Motor vehide5 Grou Totsl Cost At l Apri5 2023 Additions At 31 March 2024 3,679 3,163 6,842 420 5,756 6.176 57,Q94 21,455 78,589 30,414 91,607 DeprÈclatlon At IApril 2023 Charge for the period At 31 March 2024 3,679 962 420 669 1,089 28,384 21.505 49,8B9 32,483 Z3,136 55,619 4.641 Net book value At 31 March 2024 2,201 5.087 28,700 35,988 At 31 March 2023 28.710 28.710 ari Cost At l April 2023 Additions At 31 March 2024 1.694 3.163 4,857 420 5,756 6.176 7,954 10.068 8.919 18.987 7,954 Depre¢iallon At l April 2023 1,694 962 2,656 420 669 1.089 7,954 10,068 1,631 11,699 At 31 March 2024 7,954 Net book value Al 31 March 2024 2,201 5.087 7,288 At 31 March 2023 27 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATEO FINANCIAL sfATEMENTS FOR ThE YEAR ENDED ai MARCH 2024 TRAOING SUBSIDIARY Grou Blaenau Gwent & Caerphilly Care & Repair Limited 15 the 501e mèmbÈr of Care & Repair Home maintenan￿ ieryices Limiteri, a company limite(i by guarantee registereo in Erigiand and '￿ales, company number 8498979. The principal activity of the company was that of home maintenance seNlces. The result5 of the company for the year ended 31 March 2024 can be found below- 2024 2023 PROFrr AND LOSS ACCOUNT Turnover Cost of sales Gross surplus Administratlve expenses Other income Movement in deferred tax Net Income 439,987 432,128 1282.073) 1224,3061 157.914 207,822 173,9451 1103,2121 iio 109 17,1751 76.904 104.719 STATEMENT OF CHANGES IN EQUITY Balance brought forward Profit and total comprehensive income for the period Dlstrlbutions to parent charity under gift aid Balance carried forward 35,747 33,058 76.904 104,719 184,2671 1103.0201 Z7.394 35,747 BALANCE SHE Fixed a55etS: Tangible assets 28.700 28.700 28,710 28,710 Current a55et5: Stock Debtors Cash at bank and in hand 18.824 8,443 3.507 1,949 83.661 137,992 105,992 148,384 1100.123) 1142,3371 5.869 6,047 Current liabllitles Net current assetsllliabllitiesl Deferred tax 17,175) Net assets 27.394 34.757 Capital and Reserves: Profit and loss reserve5 27.394 27,394 34,757 34,757 28 BLAENAU GWENT AND CAERPHILLYCARE & REPAIR NOTE5 TO THE CONSOLIDATED FINANaAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2024 13. DEKfoRS Total 2024 Total 2023 Grou Trade debtor5 Value added tax Prepayments and accnjed income Other debtors 145.474 100,240 1,709 177,483 224,770 3.793 374.037 279,432 Trade debtors Prepayments and accrued income Amount due from trading Subsidiary Other debtors 145,407 224.770 B9,980 355 460,512 Ic(I,000 177.484 133,583 411,067 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Totsl 2024 Total 2023 Grou Trade creditor5 Accruals Deferred income Other creditors Pension creditor 124.931 19,750 73,216 11,465 9.212 8,997 102,890 149.681 hari Trade creditor5 Accruals Deferred income other credltors Pension creditor 117.038 17,51XI 66.712 9,215 9,212 8.997 94,13S 139,538 29 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMETr¥rs FOR THE YEAR ENDED 31 MARCH 2024 Deferfed Income: Total 2024 Tot31 2023 Grou Brought foTriard Receivea in year Released to income Amount due less than one year 9.212 3.620 19,2121 13,6201 9,212 Charl Brought fotward Received in year Released to Income Amount due less than one year 9,212 3,620 9,212 13.6201 9.212 19.2121 30 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. RESTRICTED FUNOS Asat l Aprll 2023 Balance at 31 March 2024 Income Expendlture Transfers Grou and chari Health Board - ABUH8 Core Revenue Hospltal to a Healthler Home Capital Hospital to a Healthier Home Managing Better Service 20.909 (20,9091 (S,￿0) {44,4291 142.4731 {112,8111 44.429 42.473 112.811 Health Board . ABUHB Core Revenue to cover a Health Case Worker position. Hospltal to a Healthler Home funding to provide a caseworker to SUPPOrt the hospital discharBe team. Managlng Better Servlce Is part funding via Care & Repair Cymru for a Managin8 Better Caseworkers to help people with 5ensory1055. Previous ear Asat l April 2022 Balance at 31 March 2023 Income Expenditure Trdnsfers Grou and char Healih Board - ABUHB Core Revenuè Hospital to a Healthier Home Managing &elter Service 20,SM)9 40,7 41,837 103,446 120,9091 140,7(K)I 141,8371 1103,4461 31 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMETrrrs FOR THE YEAR ENDED 31 MARCH 2024 16. UNRESTRicfED FUNDS Actuarial gains on defined benefit penslon scheme Balance at April 2023 Balante at 34 Mar¢ri 2024 Income Expendlture Transfers Grou Ursreslricted funds 204,357 204,357 1,138,380 1,138.380 11,035.227) 11,035,227) {64.0001 164.0001 243,510 243,510 Char Unrestricted funds 169,601 169,601 1,288,591 1.288.591 11,178,073) 11,178,073) 164,ofM)I 164.O¢X)I 216.119 216.119 Previous ear Actuarial gains on defined benefit pension scheme Balance at l April 2022 Balance at 31 March 2023 Income Expenditure Tran5fer5 Grou Unrestricted funds 392.740 392,740 1,091,443 1.091,443 1905.8261 1330,(K)01 1905.8261 1330,WOI 144,0001 144,0001 204,357 204,357 Charl Unrestricted funds 359,683 359,683 1.290,443 1,290,443 11,106,525) I330,C￿oI 11,106,525) 1330,ODOI 144,CKKII 144,C4))I 169,601 169,601 32 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOUDATED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 17. DESIGNATED FUNDS Balance at l Aprll 2023 Balance at 31 March 2024 Income Empenditure Transfers rou Asset replacement fund Contingency fund so,000 280,LI 330,OCK) So,￿0 280.000 330,000 Char Asset replacement fund Contingency fund SO,￿0 280.LK)O 330,CQO so,000 280.000 330,000 The trustees have designated fundingto retognise the need to replace vans, computer and office equipment. The trustees have designated a contSn8ency fund to retognlse the need to cover three months operating Costs and to cover its commitments in the event of a Ioss of funding or change in circumstances. Previous ear Balance at l April 2022 Balance al 31 March 2023 Income Expenditure Tran5fer5 Grou Asset replacement fund Contlngency fund 50.C 280,( 330,IXU) 50.000 280,000 330,000 Charl Asset replacement fund Contingency fund 50,000 280,000 330,OCKJ 50,000 280,000 330.000 33 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTESTOTHE CONSOLIDATED FINANCIALSTATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 18. ANALYSIS OF NET ASSETS BETWEEN FUND5 Unrestricted funds Desl8nated Funds Restricted funds Total 2024 Grou Fixed assets Net curreni assets Long term pension liabilitv Long teim liabilities 35.988 494,697 1280,0001 17.1751 243.510 35.988 824,697 (280.0001 17,1751 573.510 330.000 330,OLN) Charl Fixed assets Net current assets Long term pension liabllfty 7,288 488,831 1280,0001 216,119 7,288 818I31 {280,0001 546,119 330.1XXI 330.f￿)0 Previou5 eor Unrestricted fund5 Designated Funds Restricted funds Total 2023 Grou Fixed assets Net CUfTent a55ets Long term pension liabilitv 28,710 444,647 1269,(K)Ql 204,357 28,710 774,647 1269,0001 534,357 330,(J)O 330,000 Charl Net current a55et5 Lon8 term pensSon Ilabl1￿Y 438,601 1269.0001 169,601 330,000 768,601 1269,0001 499,601 330,CQO 34 BLAENAU GWENT AND CAERPHIILY CARE & REPAIR NOTES TO THE CON50LIDATED FINANCIAL STATEMETrrrs FOR THE YEAR ENDED 31 MARCH 2024 19. RELATED PARTr TrANSAcnoNS On 27 June 2017, the Communty Benefit Society. Blaenau Gwent & CaÈrphilly Caro and Repalr, company no IP29720R transferred all its assets, liabillties, contracts stoff and actniities to the newly formed incorporated charity Blaenau Gwont & Caerphilly Care & Repair Llmlted. During the year to 31 March 2024.. £69,03912023.. £98.3251 wa5 recharged to Care & Repair Home Maintenance SeTvice5 Limtted and as at 31 March 2024 the charily was owed £84,267 12023.. £133,5831 includlng a gift ald donation of £84,26712023.' £103,0201. During the year to 31 March 2024 Care & Repair Home Malntenance Services Limited invoiced £437,002 12023= £429,892) to Blaenau Gwent and Caerphilly Care & Repair Limited for Se￿iceS provided on behalf of the Charlty, and as at 31 March 2024 the amount owed by the charity was £2,62312D23'. £nill The charity also loaned the tratling company £25.008 in 2022 to a55iSt the company in purchasing vehicle. As at 31 March 2024, the arnount owed to the charity wa5 £8.33612023'. £14,588). 20. RECONCILIATION OF Ntr MOVEMENT IN FUNDS TO CASH FLOW FROM OPERATING AcfiviTIES Grou 2024 2023 Net Incomellexpenditurel for the reportln8 period las per the Statement of Financial Activitsesl 103,153 171,617 Adjustment5for.' Depreciation charyes Dividends, interest and rent5 from investment5 IProfitl/loss on disposal Ilncreaselldecrease in stock5 Ilncreaselldecrease in debtors Increaselldecre35el in creditors Difference between pension charge and cash contributions Net cash provlded byllused inl opeiating activities 23,136 120,7731 12,060 18,4081 110.3811 194,6041 53,965 153.0001 1,496 16371 17.5681 2,965 153,0(J)I 117,029 Analysis of Cash and Cash Equl¥alents Cash In hand Total Cash and Cash Equivalents 581,517 581,517 589.662 589,662 Anal 15 of chan e$ in net funds At l Marth 2023 At al March 2024 Cash flows Cash at bank and in hand 589,662 18,1451 581,517 35 BLAENAU GWENT AND CAERPHIILY CARE & REPAIR NOTE5 TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. PENSION Defined contribution schème The charity operates a deflned contribution penslon scheme for all qualifyinE employee5. The a55ets ot the scneme are helo sep3raieiy irom those ot the cNariiy in an Inliependently adminisrered Yuno. The charge to the SOFA in respect of definèd contribution schemes was £23,73512023.. £21.8231. Deflned benefft scheme: TPT Retlrement Solutlons- Sodal Hou￿n8 Pension Scheme The charity utilises a pension sd)eme providln8 benefrts based on final pensionablè pay which i operated through the TPT Retirement Solutions pension scheme. The assets of the scheme are held separately from those of the Charity, being invested with insurance companie5. The contributbons are dètermined by a qualified actuary on the basi5 of triennial valuations using the projected unit method. The contributions for thls perlod were based on the valuation ai 31 March 2024. The most recent valuation of the fund was at 31 March 2024. The assumptlons that have the most signlflcant effect on the results of the valuation are those rèlatinÉ to the rate of return of investments and the rate of increase In salaries and pension5. FAIR VALUE OF PLAN ASSEfs, PRESENT VALUES OF DEFINED BENEFrr OBLIGAnoN, AND DEFINED BENEFIT Ass￿ ILIABIUTYI 31 March 2024 I£OOOsl 1,199 1,479 12801 12801 31 March 2023 (£00051 1.203 1.472 12691 12691 Fair value of plan assets Present value of defined beheflt obligatlon Defic￿ In pl8n Defined benefit asset Iliabilityl to be recognised KEI ASSUMPTIONS 31 Mard 1851 69 1471 1.199 The actual return on plan assets (including any changes in share of asselsl over the period from 31 March 2023 to 31 March 2024 was £26,00012023'. £687.otK)i. 37 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANOAL STATEMEPnS FOR THE YEAR ENDED 31 MARCH 2024 21. PENSION Icontlnuedl DEFINED BENEFITCOSTS RECOGNISED IN sfATEMETrn OF COMPREHENSIVE INCOME ISOCII 31 March 2024 I£OOOsl Expenses Net interest expenses Deflned benefft costs reco8nLsed In Ststement ol Comprehensive Income ISOCI 12 16 DEFINED BENEFIT COSTS RECOGNISED IN OTHER COMPREHENSIVE INCOME IOCII 31 March ZQZ4 1£00051 Experience on plan assets (excluding amounts included in net interest costl- gain (loss Experience gains and losses arising on the plan liabilit￿5 83in Ilossl Effects of change5 in the demographic èssumptions undedySng the present value of the defined benefit obliEation- gain (Ios51 Effects of changes in the financial assumptions underlyin8 the present value of the defined benefrt obligation gain Ilossl Total actuarial galns and1055es Ibefore restriction due to some of the surplus not being recognisablel gain Ilossl Effects of change5 in the arnount of SLJrplus that is not recoverable lexcludlng amounts included in net interest costl- Eain1105s1 Total amount recognised in Other Comprehensive Income- galn Ilossl 1851 15 iii 1641 38 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. PENSION Icontlnuedl A55Ers 31 March 2024 I£OOQsi 47 38 24 31 March Z023 {£OWsl 13 Absolute Return Alternative Risk Premia Cash Credit Relative Value Currency Hedging Di5tres5ed Opwrtunities Emerging Markets Debt Global Equity High Yield Infrastrtjcture Insurance-Linked Securities Liability Driven Irhvestment Long Lease Propertv Net Current Assets Opportunistic Illiquid Credit Private Debt Private Equlty Property Risk Sharlng Secured Income Total assets 39 45 42 16 119 36 22 121 138 30 555 36 488 47 47 52 48 70 36 1,199 52 89 55 1,203 Pension Liablllty: Total 2024 Total 2023 Pension liability 280,000 269,000 39 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. COMPARATIVE STATEMENT OF FINANCIAL AcfiviTIE5 Total fund5 2023 Unrestricted funds Restricted funds Note Group Income and endowments from: Donations and legacie5 Charitable actwities Investment intome Other income TradinE 5ub51diary incorne Totalincome undendowments 692 1.079.555 8.408 443 2,345 1,091,443 692 1,183,001 8,408 443 2,345 1,194,889 103,446 12 103,446 Expenditure on: Charitable activities Trading subsidia￿5 expenditure rotol expendlture 690,633 229,193 919.826 103,446 794,079 229.193 1,023.272 12 103,446 Net income 171,617 171,617 Otherrecoqnised 10sse5.' Actuarial gainslllossesl on deflned benefrt pension schemes 20 130,0001 130,0(K)I Net movement Infvnds 141,617 141.617 Reconciliation of Fund5 Total funds broLJght forward Totslfvnds carriedfvThmrd 15.16 16,17 392.740 534,357 392,740 534,357 BLAENAU GWENT AND CAERPHILLY CARE & REPAIR NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. COMPARATIVE STATEMENT OF Fif*JANCIAL AcfiviTIES- CONTINUED Total funds 2023 Unrestricted funds Restricted funds Charlt¥ Note Income and Èndowments from: Donations and legècles Charltable actwities Investment income Other Income rotul Income ond endowments 103,712 1.177,880 8.408 443 103,712 1,281,326 8,408 443 1,393,889 103,446 1,290,443 103,446 Empenditure on: Charitable activltle5 Totol expenditure 1.120.525 1.120,525 103,446 103,446 1.223,971 1,223,971 Alet income 169,918 169,918 Other recognlsedlosses., Actuarial gainslllossesl on def ined benefit pension schemes 21 130.oc(JI 130.1KlOI Net movement Infvnds 139,918 139,918 Reconclliation of Funds Total funds brought forward TotulAund5 CiYTrledAonvord 15.16 16,17 359,683 499,601 359,683 499,601 23 OPERATING LEASE COMMITMEpirs At the reporting end date the charity had outstanding commitrnent5 for future mlnlmum lease payments under non-cancellable operating leases. which f311 duè as follows- 2024 2023 and char Within one year Between two and frvè years 7.614 7.650 15,264 41