COMPANY REGISTRATION NUMBER: 10838311 CHARITY REGISTPATION NUMBEK" 1176753 Blaenau Gwent and Caerphilly Care & Repalr Company Llmlted by Guarantee Financial Statements 31 March 2025 WALTER HUNTE Ll ITED Chartered accountants & slatutory auditor 24 Bridge Street Newport South Wales NP20 4SF Blaenau Gwent and Caerphilly Care & Repair Company Llmltsd by Guarantee FIna￿la1 Stalernènts Year ended 31 March 2025 Page Trustees, annual report {incorporatlng the directorfs ieport) Independent auditofs report to the members Consolidated Statement of Financial A¢tivÈties (including income and expenditure account) 13 Charty Statement of Financial Activities (including income and expendittire account) Consolidated Statement of Financial Position 14 15 Charty Stalemenl of Flnan¢ial Positlon Consolidated Statement of Cash Flows 16 17 Notes to the financial statements 18 Blaenau Gwent and Caerphilly Care & Repalr Company Llmited by Guarantee Trustèes. Annual Roport (Incorporatlng the Dirnctorfs Report) Year ended 31 Ma￿h 2025 The trujtees, who 8r8 also the drrectors for thè putposes ol company Jaw. present t￿1r fewrt and th8 finan¢Tral statements ofthe ¢harity for the year ended 31 Mwch 2025. Rder•nco and #drnfntstrnllv• details Roglstef•d charity Darn• Blaensu Gw¢Trt and ca8￿h1} ty Car¥ & Rèpair Charlty r4glstratlon numb•r 1175753 Company rogr4tratton number 10838311 Principol offko And regl$t¢rod Unrt 1o-1b Foxe5 Lanè offlcg Oakdale Bus￿8$5 Park Oakdale Bknkwood NP124AB The trygte¢$ C Morgan C Wallbank J Mason G Jomg H TioNope R Hall R Bevan S Behr E Jones Audltor WoKer Huntw & Co Limiled Chartered a¢countants & stabjtory audltor 24 BrHlge Street Newport South WaleB NP20 4SF Bankers Unity Trust Bank plc Four Brfntjtey Place Bimiingham B12JB Sollcltors Ge￿ardS Dumlrie5 Housè Dumfn"a$ Pbce CardKf CF103ZF Blaenau Gwent and Caerphilly Care & Repair Company Limlled by Guaranteo Trustees. Annual Report (Incorporatlng the Diroctorfs Report) (¢onthu Year•ndod 31 March 2025 Struthiroj governan¢• and managom•nt Gov•mlng Docum•nt Blaenau Gwent & C￿￿h￿lY Care & Rèpair 1$ a ¢hèrft8ble company Ilmlted by gu8rantee, in¢orporaled on the 27th of Juno 2017 and rtgislered 89 a charity 15th Noverrber 2017. Th8 company was tablished under its Art￿￿8 ofAssoaat40n. which ouulnes the objects and pcw8r3 ofthe C￿lty. In the event ofthe company being wound Ltp, the Habilty ofthe members is linited toa sum not ex￿￿Ing £1. Trugt•èa The dlroclors olthe company are also th& ch8riVs Inolees fof the purpo8es of charity law. All trusteès gwe thelrtirne voluntsrity and ieceNg no benefits frcyn the charity. Every Tru81eè musl be appolnted for alerm oflhr*years by a res¢￿tion pas8ed 81a propgrfyconvened meeting of th¥ Trustees. Ovefth• past year. the Charity has wol¢om8d 3 rthv trusl¢es who will bring additional supwvskills and kn¢JwW& to support the agency movlng foN4ard. Trvgtee Indu¢tlon and tralning Most trust￿$ are alreadyfarnHiarwith the pTr¢tutwork oflhe chariiyas Ih&y w*re members ofBlaenau Gwent Care & Repair. &nd Care & Rewr Caerph1l￿, prior lo the merger of both companies in 2017. New trustees ar8 nwit•d to meet wth the Chair and the Chief Exe¢utNe OffKer of Blaenau GwerJt & Caerphilty Care & Repajr lo f8TnHiarists Ihem3efve$ with the charity and the conl&xt in which It opotales. These Mee￿g$ jclnlty cover the lolbwing.. - The obli981itrns of Tru$tt•s The aims and obiKtsves and actM￿¥S ofthe Charity Resourcing art(J tyJThenl finan¢ia] poskton Future plan$ and objectives The new Iruslgo receNe the folk)wing key documents.. - Artielès of Assod8tKJ Annual Report and Audiled Accounts Thg Charity's poltry for dealing with confli¢ls of Inlerpst A ￿pY oflhe national o¢cup8tional Standards for Tiustee$ and Management ¢ommAtee members GuKlance document.. 'Th8 Esyenkn"al Trustee" wh8t you need to know ICC31 Énd Ihe hallmarks ol an effedive charity (CC101 dong With links to all the other 9uwJanceand inf tt9ht of Ihe main rfsks to the organisation. Th8 strategy is to continue lo modératety build resorve$ th￿￿gh planned (yeraling 8uWuso8. Thg Twu¥t89s ore aware of Ihg in buihjing rpserveB recognit￿ Bnd ￿valU91￿n of the d•fin&J b•néfft panS￿n xknerne liablty, which ￿ for¢¢#¥t to b¢ in pl¥¢* until 2028. Total group reserves at 31 March 2025 were £710,81012024= £573,510) which included fixed assets Df £15,22212024.' £35,9881 ussblo TesèNes foi the year. excluding fvxed assets and designated lund8 lor the group We￿ £365,58812024.. £207.522), after recognising a £61.000 gain12024.. £64.000 k)ssl on pEns￿)n sehamè liqbS11ty 01£219,00012024". £280.000). Rlsk Manag•m•nl The Truste&s r•vkni the risks facing thè Charity on a rg9vlar ba$ls In Iln& with its adopted risk management policy. Where appttspriate, systems or proCedU￿S hava been establ*shed to mi119ale the risks the ¢harfy ts￿5. Inlemal contro111sks are minimised by the implemenlalion of pmcedur*5 for trthorisation ¢1 All transactbns and projects. Procedules a￿ in place lo ensure ¢omplianco with h6aMh dsafoty of staff. ¢fiw)ts and Visito￿ lo the prérni585. Addthonal Finaneol and safety consideration ha5 been included due to uncertalnties with co$t-ol-living crlsis. PLANS FOR FUTURE PERIODS Pre year end Ib8 Trustees, and man8gement reviewed the draft budget, which indi¢ated that the 9r¢Jitp w0￿d be returning a dofityt positHJll foi 2025r26. for the cofe 8er¥lce. This prirnarily due to the level of (unding avail￿19 and rising ¢￿ts. % uplift in national insurance conlTbukns, along wth P￿s1On dar￿*(8￿￿ cos1 of living Cri￿$. The deficiébudget posllion was minwnlzed by reviewing evèry budgetline and ma￿ng chaTrJe8wherov&r possible. RelocatlDn of main office, addrtional works being cc*mptel&l wlhin thè trading group, èfléetnie Tkln9 pattem¥. and $ome #ddth"onal ￿VenUe and capital funding. Considerfng all these rneasuEs the board ol tIL£Stees may slill need lo ¢onsider U1￿1$+ng some feserve$ or cutting of th• s8Mces provided b#￿ gn risk anil d*morK$ fvnding resource availabilty. The agency infom)6 slafl of ongoing situations regardin9 funding throughout the year and Staff acknowtedge Ihe process and have helped to support the agency ihroughout, also Te5ponding w911 to changes in working pattern8 and seNl¢e *JelNery. The demand on the serv¢9 and the need to beeom as efficlenl as ptssslblé to ulllis9 oul f•sources lo Iheir upmgst potpnllal, is cwwal for supporling cllenls thin Dur communitiès n￿Ing fotward. TheAgency has also adhered to and maintained the AdV￿ts Qualty Standard throughoth the past year and 1$ up foi re-assessment September this year. wilh a hopg of mainlainlng the accFedltation. The Stand8rd provides the agency wrth 8 nat￿nal re￿niSed award for exC￿￿nt S￿r￿Ce ddivery, ensuring that al ¢liollts r•cÈivè th6 care ard con$tdeiatlon r4utrèd. Agency staff folbw suitable processes, pracèdures tor sèmcè delivery and that managémènl also ¢on5id$i tha support, and gvidanc• is alkble lor Bll slaff lo achleve th8ir goals. The in4epth assessment also highlMJhts both positNeJnegatNe and any A￿a$ for impiovem8nl, a]so ensuring administralwe docurnenls both leg811 general and mana9emenl Structure 18 SUPPOrting the service lo ts fvll potential. Blaenau Gwent and Caerphllly Care & Repalr Company Llmlted by Guarantee Tru5to0s' Annual Report (Incorporatlng the DITectoes Report) Yèar ènded 31 March 2025 During 2024-25. IheAgency staff and management have been 5uccessfiJl in utili5ing all resou￿5 m8de avallable lo Ihelrfull potgntial and again have pr￿UCed excellènt outcomes $UPPOrting elK•n15 ¥nd partn8rs through¢)ut thè coun￿@$ of BlaénAU Gwent & Caerphilty. Thg aggtw has onc* agaln rocalv a $mal 8mount of addttional cole funding whlch haa bèèn most welcomed, supporting staff YAth cost- of4Mng inC￿se8 and generd u￿￿18 ￿ material and operational costs. Movwo forward, carehjl b21an¢ing of $eNce deltvery is required with Ih? ability to adapl 8nstFring staff have relevsnt training gnd resources at th*r disposal. Throughout the ye81 rfi h89 been ewdenl that the demand on th• seNi¢es delivered has not sk)wed down and are essonlial lo supporting the communty and funding partner3. a¢Soptlng new approaches to operats'onal deFNery. whilst ma￿tsID1n9 our wre values lor enaNing dients lo remain safe and wami in their own homes 15 a cr¢dtt tg our staff. 80th rkqtimally and l¢calty, d&l*very h85 been ￿port￿d on to WG. Care and Repair Cymru ontinuou$ly hlgh1￿JhI the need for addftionalfundlng lo supporttli•nls throughout Wates. O￿Tthe pa$1 year. the agency was fcrtunale enough lo ttsceNe additional capttal fvnding lo help wlth dÈmand, SUPFX)rting both hospital di$¢hary and preventatNe adaplath)ns. All add￿ana1 fvnding has ￿0ft most wel¢¢med and obviousty help8 to a#ev4ale pressure on aH seTViCeS. Thè Ihreè-year indirAINe WG core grenl award wèNed durtng 2022 off¢fed ttie 99gn¢y the ability to slralegicalty plan for op&ralk*nal dolIveryollhe Service with a positNeoutlook. Thtr agtsncy ￿CeIVed a one-year fvnding award for25-26. On aTrother note, we have acquired RPB fvnding through CRC to rAfèr a continuatk)n ot our Hospital to heatthy home ca5ewoiker. WQTk￿g prwnarily al Ysbyty Yslrad fawr Hospital as well as supporting col￿&gUeS baséd within The Grangè, Neville Hall, and the Royal Gwent over 5 days perweek through until the end ol March 2026, wifh CIRnt safe discharge. The Agency has also received a positive assessment through Reco9nising Ex¢¢ll&nce. Advice Qudty Standard wlh a recommendation of contlnuatlon for th8 3tandard. The Standard provides the agency with a nahonal recognised awanl for¥￿Ilent servi¢? ddNBry. ensuring that all clienls fecewe the care and consideration r¢quiTed that agency staff follow surtable wocesses. procedures br Se￿Ce del￿ery d that management also considei the support ond guidance is available for all slaff to a(h￿ve th&r goals. The l￿daPth assassmenl also hiphb9hts both positivelnegatwe areas lor irrwrovemenl. al￿ ensurlng *lmi)istratNe documerlts both legav ganeral and thè man0g•m￿l strucluie 16 sUPPQrting th¢ seNi¢& to its lull potential. Blaenau Gwent and Caerphllly Care & Repalr Company Llmlted by Guarantee Truste8s' Annual Report (Incorporating the Dlrectofs Report) fton6*v•¢ Year endod 31 March 2025 TNst••s' rtsponsiblllll•a stat•m•nt The Iruslees, who are abo dlreclofs knthe puryjoses ofcrAmpany law. ar8 r$sponslble f￿ preparFng the tsu8tges' report and the finan¢tal sialenwits in accordance with app￿CobI& law 8nd United Kingdom A¢¢¢wting St8thdard$ (United Klngdom Generalty A￿Pts￿ A¢countSng Practice). Company law Mquirès the ¢haFtty tryslees to prepare financL41 stAtements fof each year wh￿h g￿e o true and faw view ollhe stsle of aff8rÉ of the charltable company and the incoming resources and th applKatK)n of resowces, hcluthng the Incomt 8nd expendlture. for that peiiod. In preparing these finanual slatements. t1￿ lyu8t￿ are requlred to.. Belect suitabkn Kcounting pc4icAes and Ih¢n appty them con$istenltr. cbsorve tha mgthods and prtncipb$ In th¢ •pplKabl8 Chardies SORP," Jnakojudw8nts and aceountÈr¥J estimat￿ Ih¥l ore reosonable and Pfudenl,. prepare the finalle￿ st81emants on Eh¢ goin9 ccn¢ern bas￿ unbss il 15 inappropriate lo PTesurne Ihat the chanty will continue in business. The I￿￿tee$ are responsible foi keeping adeouate accounting records that are svifi¢lent to show ané èxpLqin the charty's I￿n88¢￿0￿8 and dssclo6e with reasonable accuracy at any lime the financtal posith)n of th¢ charity and enablo them lo erhSUTe th* the financ￿1 statements Comp￿ with the C¢Mwanies Ael 2tIO8. They arg alsg responsible tor safeguafding the as$•ls of the ¢haity and hence forlaktn9 reasonab￿ steps for the pr8vent#?n and ddecttin of fraud and other wregularitie3. Audkor Each of thè pe￿0￿5 who 15 a tN8lee at the date of approval of Ihis report confimis that: a5 they are aware, there bs no relevant audit inf0m￿t￿)n of which Ihe ¢hariVs OLKlllor is ft8warg,' and Ihey have tsken 81 $iep5 that they ought to have taken a5 a trvstee lo make themselves aware of ariyTelevaTht audit infomation and to establish that the charity's auditor is aware oflhal Infomulion. Small ¢ompany ptovlsions Th(s report has been prepared in accordance with the provtsions ￿￿￿bI810 crAnpÈnies entitled to thè Sm￿1 ¢ompanie$ exemption. The trusleBs' anrJu41 report was approved on ... Irusloes by.. and signed on behall of the board of C Morgan Trustee Blaenau Gwent and Caerphilly Care & Repalr Company Limitod by Guarantae Independent AudIt0￿£ Report to the Membern of Blaenau Gwent and Caerphllly Carè & Repalr Year Onded 31 March 2025 Oplnlon We hav6audited lh8ffinancl￿ statements of Bthnau Gwont and CaeTphUty Cwe & R¢palr (th¢'¢haWI fwthe yeai ¢nd8d 31 Mar¢h 2025 comprise statemant of financial actwities (including income and expenditure actounll, $&t8menl of flnanclal p08itbn, statement of c85h15N8 and the Tetaled note8. Inc￿&l￿g a summary of significant accounting pollcies. The fin4nctal rep*JtiTrg framewoth that has be¢n applie¢J in their preparation is applicable18w and UnKed Kingdom Accounting Standards, in¢luding FRS 102 Th8 FTrnaDci81 Reporting Standard appllcablg In tha UK and Republle of Ireland (Uniled IGngdom Gen8r8ltY AceeplÉd AccouTrts"ng Practice). In our ￿NiOn the finand&l $18tements". give a true and falr oflhe statè of the charity'8 affa￿3 8$ 8131 March 2025 8nd of 515 ir￿ming resources and application of resources, In¢luding Its In¢ome ond e¥penditur8, for the year then prop8rty prgpaJed in &cordance wTrth United Kingdom GenwBIty Accepted Ac%ountlng PractSce.' have been prepared in accordancè with the fequirem•nls of thts compart￿$ Aet 2006. Basls for opinlon We conduded our audit in accordance wllh Intema1￿naI Standards on Audtting {UKI IISAS IUKI} and #ppIKable Iwi. Our r•sponsibdit*s under those slandard$ are (urther described in the 8ud5torfs rèsponsloilitios for Ihe audit of thtr financial statements of our reporf. INe ats independént ol the chanty in accordance with the tthkal requirements that are reJwa>)t to our •vdit of thtr fin8nc￿l 81afements in Ihe UK, including the FRC'S Ethic81 Standard. and we have futfilled our other ethical rèsponsibli itks in 8w¢rd?nce with these requirements. We believe that the audit evidence we have obtsll)ed is sufficient and appropri¥l¢ to provide a bas18 for our opinion. Conclu31ons rglatlng to golng ¢t)n¢¢m In audibng Ihefinanc￿I slatemenls. we havè concluded thatthe truste&s' use ofthe going concem basis of a￿junI￿9 in the preparatiDn of Ihe finonci81 slalemenls is opprijprtale. Based on Ihe work we hove perf0M￿d, we have not identified any material uncertaintles relating lo ovents or conditions th81, indwidualty or collectivety, may cast svJnfficant d£)ubt on the chartys aknlty to continuè as a going concern for a p*loJ of at least twelve mDnlh¥ from when tha flnancigr stalèmenls aro aully)rised foT issile. OUT responsibilities and the responsibaitiés of the tTUSt•È$ wth raspeEt to going con￿rn are described the relevant 5￿tionS dlhis reporL Blaenau Gwent and Caerphllly Care & Repalr Company Llmitsd by Guarantee Independant Audltorfs Report to the Membefs of Blaenau Gwent and Caorphllly Caro & Repair(cMthu• Yearended 31 March 2025 Other 1nf0rn7a￿0n Thè other infor1￿t10Th comprtses the infom￿11¢n induded (n th8 annual report. other than the fJnan¢l81 statemenls ¥nd ouraud¢torfs report thereon. Th8 truslees are responsible for the oth¢r rformalion. Our Opin￿ on th& fin8ncFal statements doe5 not cover the other Informatlon 8nd, except to the extent otherwse explicitty stated in our report. we do nol express any fom of ¥ssurane& ec*)clusion thereon. In connection with Ouf audit 01thèfinanrlal st8ternent$. rèsponsibllty ts to r&id the olher infDmiation and, in doing so. considor ¥thether the other Infam￿tIOn is materLqlty Inc4)n61slenl whh the financlal Statements or our kaowledge obtained In the audtt or olheNise appears lo be malerialty mtsslaled. If we identify such material Inconsistencles or apparent material mbsfatements, wè grè fequlred lo delemiine whether there is a malerial mtsstatemenl in Ihè financial statements or a maiefpl misstatement olthe other ftiloFmatbn. If, based on tht work we have perfom?ed, we con¢tude Ihatthwe is a material misslatwnent of Ih4S Other irrfDrnation, we sr8 requ￿ed lo report that ￿t. We have nolhing to ￿pOrt In th￿ r￿ard. Opinion$ on othèrmatterJ prescrlbed by th• Comp•nles 2006 In our oplnion, based on the WOEk ¢Jndertaken in the cowsè oftho ¥udli '. th? infoffnalion gi¥en in the Iru5tees' ￿pOrt for the financsal yearkn wh￿h th8 financlol siatoments are wepared is consislenl wth the financk81 slalemenls., and the trustees. report has been prepared in accordance with 0Oicabl818gal requirements. Matters on whl¢h we are fequlred to report by ex¢*pilon In the lightoflh& kntwAèdg$ undtrstsnthng of thg eh8rtyand enwronment obtained in the cgurse of the audit, we have not Klentif￿ nkal&rtal misstatements In Ihe INslees' repryt. We have nothing to report in respect of the follwng matth in relatlL>n trj which the Companies A¢1 2006 raqulres us to report to you if, in Dur opinion. adaquat8 accounting records have not been kept, or rélums ad4uat* forour audit have nol been ceived trom bTanches not vbited by u3., OT thè financial staements 8re not in agraement with the ¥ccountlllg i¢cords and retums., or certain discb8wÈs oflr5Jslee8' r?muneration 8PBcffled by L8w are not mada: oi we have not r￿e1Ved all the fftfomjation and explanations we require tor our atKlit,' or the trustees were not entitled to prepare the fin8nclal st8temenlg Sn accordance wth the STnall eompanie5 regine and lak? advaTrtage of Ihe small companies, exemptions in preparing Ihe directore, report 2nd from the requlremenl to propare a strategic report. Blaenau Gwent and Caorphllly Carè & Repair Company Llmlted by Guarantee Independent Audltor's Report to the Members of Blaenau Gwenl and Caerphilly Care & Repalr (tottthJrt41 Year ended 31 March 2025 RgJponsl￿1tt1vfy ol trv¥t8•s As èxplained MI￿ futy in the trustees, respoftslbl1￿@S 5talemen( the trust••8 (who are a180 tho direct￿fOrth0pU￿(1seS0f company lawl aro ￿p0￿81￿10f0rthe preparation oflhe financial ststements and foi being sat$5fRd that they a true and fair v￿, and for such inlemal ¢wtrol as the tr￿leeS delernine is n•¢essary tts enable the preparation of financial 8t*emÈnts that 8r6 free from malpth81 mK8$tatsm¢nt, wh81hèr du8 to Iraud or error. In preparing th• financial slate￿nts, the Iru$tee8 affj responstbla for assessing thè ch8ryty's to continue as a going ￿nCern, dlxlo¥lng, 89 appr￿£ble, matters related lo going ￿nc$M Ènd uslftg the goiTrJ concem basis of acGounting unl&ss tho trustees erther intend lo liquKl#lè th¢ charty or to cease oper8tK&ns. or have no realists'c aFteTnaltve but to do so. A￿￿￿0￿ rgsponslbllltlas for tho audlt of the fihanclal $tat•monts Our c&iectNes aTe to obtsin reasonable as$urano about whether Ihe ffianci81 stat&nehts as a sthole are free from maleThal misst*ement. whgth¥r due lo fraud or error, and to Issu8 8n aud&torfs report Ihaf InGlJdos ouropinioft. Re8sonabl6 assu￿ne6 ts a high level ￿a$suran￿, bul is not a guarar*tee that an sudit conducted in accordance with ISAS IUKI will a￿y5 det￿1 ¥ material misslatementwhen ItexLsts. Misslalemenls Can arise from fraud or erTOf and ate considLv&d material if, ind￿dUs11Y of in the augiegate, they could r8850nably be Èxpeet8d to Influence the economlc de¢lslons of users taken on th? bask of th&s8 finan¢ial stalem&nts. 1ttegular&t￿$, includlng fraud. are instances of non-¢ompliBnee WFth laws anfl regulalKJllS. We deslgn PTocedures In ￿Tre ￿1h our Fesponsibllllies. othlined above, to delecl malertal mi¥stat8mants in respect of irregulathies, including fraud. The gxtenl lo %thich our procedures arè eap8ble of detecting Irregularit￿5, including fraud Is detailed below.. By 9nqulTlng wth sgnbr m8nagernènt and Ihc48e ¢harg8d with wvemance all aTea of rfsk kaantified were consider8d and any pol8n1￿1 liligalion or claim. if any. wer* noted. Ensuring by er•4uiry that there were no issues of non-comprlar￿ with laws and rog￿atiOnS relating lota¥and compliance. By obtèining an undw$tanding of the eompany's policies aTrd pro¢gdufvs on complancg vthh and rsguklions. ond wtth best accounting prac1￿e. Nots'rvJ1$5ues diseussed with Directors and th9 Senlor Managemonl Team as Ihk r*tes lo rtsks tdced by the company. Revi&v￿n9 infom)atton recefvod from the comp8nl8 soIicAtors, rf any and dls¢ussing th8ir c￿lents th the DlrectorB. Revkning disclosurès in the financial stalemen18 8ndtèstin9 tosupport4ig docvmer¢tation to assess with èppllcable laws and regulations. Audkn"ng the risk ol management overrides of controls induding testing journal entrtes and other adju51menls for appropriatenes$ and 8valuating the business ialionale of signrfKanl Iransa¢tions ottside the norn￿1 course ol busln¥85. ConsTdering the eflect M rigk to Ehe company of the Covid-19 pandemic and Ihe dopartuye from tho EU. In particular lo note whether any $uGh issuès would affect the companrfs abilty to continue to trade. 10 Blaenau Gwent and Caerphilly Care & Repair Company Llmlted by Guarnntee Indepondent Audltorfs Report to the Members ol Blaenau Gwont and Caerphilly Care & Repair (confjnu Year ended 31 March 2025 A8 part of an audit In 8c¢ordan¢o Ylth ISAS (UK>. w• ex9￿lse prolesGlon•l jud9monl and mainiain professional sc*iBm throughout th• audit. WV abo.. Idenlfy and a59e$5 th¢ risks ol material misslalement of the finarsCi81 $t*eTnénts. whether dut to ud or etror, desun and perforyn audr( procedur88 r•spons￿tr to those Tisks. and cbtsin wudit ewdenc¥ thai Is suifKienl 8Trd appropriale lo PTowde ? ￿S15 for our oprnion. Tho mk of not detecling a rnaterial mis$tstemgnt r8suilin9 from fiaud is tsgher than lor one r•sutting from etror. as fraud may invofvo coll￿1￿n. forggry, Intenttonal omissions. mlsiepresentsl￿s. or the override of fjnlemal Control. Obtaln an understandllg ol Snlomal control relevant to the au￿rt ￿ ￿de[to￿¢S￿n auditpiocedura$ that Ofè 8ppropriat• W5 the circumstances. bul not for the purpose of èxprtsssing an optnion on th• efftsdiv￿eSj ofthe internal ¢onlroL Ev8lvate the apprcprfate￿s$ ol accounlir4 polic￿8 us&1 and Ihe reasor*ableng5s of gccounling estimaies and relat8(fr dinclo$vrg8 made by the IrL*Sto8s. Conchjde on the appropFiateness gf Ihe truslo¥s' vst of the going concern basls of accounting 8nd. based on the #udlt evkjence obtained, whether a materiel uncertainty exist? related io event$ cf condiJons Ihat may ¢asl 5ignllkanl doubl on the charivs ability lo ¢ontlnue as a going conom. Ifwt conclud? that a material uncertainty e￿$ts, we are requlred to draw attenlK)n in our 8udrtorfs rèport to thè relaled disct05ures in thè financHI statements or, rf such discbsuTe8 are inadaquate, lo modty our opinm. OVT Cortlusions are bo$èd on the audit evidence oblalned up lo the dale ol OUF audilols reporL How•ver, future events or condilions may cause the chariiy lo cease lo CDntinuè 8$ a golng Con￿m. Ev8bJ3te the 9￿ra11 presefilation. structure and cuntent althe fin8ncl81 statements, includin9 the di$¢lOsu￿s, and Whetherthef￿arKIal Statements repre84ntthg Under￿ingt[ans8¢tI0nS and gvgnls In a mannerlhat achieves fair pre8entstion. Blaenau Gwent and Caerphllly Care & Repair Company Llrnited by Guarantee Independent Audltorfs Report to the Members of Blaenau Gwent and Caarphilly Carè & Repalr (¢OnATnu Yaar endod 31 March 2025 W& C￿nMUn￿al8 with those charged with goveman¢e regarding, arnong other matters, the plannéd scope and liming of the audrt 8nd significant audit finding5, Including any stgnificant deficEnues In intemal u)nlrol thatwe idenlfy thjring ovr audtt. use0f0ur￿pOft Thi5 report 15 made 801ety lo the charity's members, a5 a body, in a￿rdance with Chapter 3 of Part 16 ofthe Companies Act 20C6. Our audit work has been undertaken so that we might stale lo the tharitls members those matters we are wuired to state to them in an audTtols rèport and for no other purpose. To the fullest exlènl permitted by law, we do not accept or assume responsibilty lo anyone other than the charty and the charty's mernbers as a body. for our audit work. for this report, or for the opinions we formed. Jonathan Rhodes Bsc BFP FCA {Senior Statutory Auditor) For on behal of Waster Hunter & Co Limited Chartered accountants & 51alulory audllor 24 Bridge Street Newport Soth Wales NP20 4SF 12 8la•nau Gwent and Caerphllly Care & Repair Company Llmltod by Guarantee Consolldated Statement of Flnanclal Actlvltl¢s (In¢ludlng Income and expendlture account) Year ended 31 March 2025 2026 Unrsstrictgj R85trKlpd fvftds Ainds Total funds Tolal funds 2Q4 Incomè and endO￿•nts Donatrons and leoactes ChBritable activiti8s TTadifj9 subsidiary incryne Investment inco Oth$r incoff 10,160 1.095.342 36,164 23.202 10,160 1,234,037 36,184 23.202 6.610 1220.601 3,095 20,773 112 138,695 Tol•l Incomè 1,164,868 138,695 1.303.563 1.251,191 Expendlture Expenditure on wals￿g fund$= Tiadin9 subsidiary expenditurè ExpendituB on charitable actNthe$ Taxal 10 11.12 14 336,110 759.633 (7.1751 1,088.SS8 338.110 898.328 17.175) 1,227.263 294.156 853,862 138.695 Total 6xpenditur• 138.895 1,148.038 Nel gainsloossesl oft InvestmeAt8 15 81.000 61.OiX) {64,000) NÈI Inconw and net rnovom•nt In funds 137,300 137.300 39.153 ReGonGllI￿0n of Tdal fy￿ls brought forward Tot81 funds earrled foNard 673.510 710,810 573,510 710.810 534.357 573.510 Th? slatement of flnancial ¥tNibes includes all g￿nS and losse8 ¥ecognised in th• y•ar. AJ irmme and expenditure derlve from ¢ontlnulng acfNities. The not9¥ on pages 18 tts 3? lorn part 01 th8¥8 finarrelal 5&tom￿s. 13 Blaenau Gwent and Caerphilly Care & Repair Company Llmlted by Guarant•• Charlty Statement of Flnanclal AGtivities (Includlng incom• and expenditure a¢￿unt> Y•ar onded 31 March 2025 2025 Rest[￿ed fvnd$ Total funds Tctsl funds 2024 Unre8trKted fvnds N¢*ts Oonation¥ and legac Cbatitable aclwities In¥esth)ent incom¢ Other incom8 84,312 t.135,334 23,202 84,312 1.274.029 23,202 90,877 1.289.640 20.773 112 138.695 Total Income 1,242,B48 138.695 1.381.543 1,401.402 Exp•ndlturg Expenditure on ¢hAritablo acti￿lIes Totsl gxpendllur4 11.12 1,166,548 1.186,548 138.695 1,305.243 1.305,243 1290.884 1.290,884 138.695 Nel galnslllo68e81 on investrnents 15 81.000 81.000 (64.¢3001 Nei h)¢omo and nel movemont in funds 137,300 137,3(J) 46,518 Rèconclllatlon of funds To1al funds brJJghl forwarrs Total funds carrfod fonvard 546,116 683.416 546.116 883,436 499.598 546,116 The statement of financial actbvttles incl*Jdes all 98ins and ksses recognlsed in tha yèar. l in¢cMne and expendEture dÈAve from conllnulng activitie3. Th• FI￿e¥ pages 18 to 39 lorrn part ollh•88 financlal #t*tements. 44 Blaenau Gw8nt and Caerphilly Care & Repair Company Llmited by Guarantee Con6olldated Statgmgnt of Financlal Positlon 31 March 2025 2025 2024 Flxed assets T8noible f*x•d assets 20 15.222 35,988 Cufr•nt ass•ts Stocks D•blors Cash al bank and In hand 16.875 363.594 632.791 1,013,260 18,825 374,037 581.517 22 974.378 Cr•dltors: amounts falllng due wlthln ono y•#r Nèt curr•nt assots 23 98,672 914.588 929,810 149.681 824,697 860.685 Tolal assets currtrnt Ilabiliti Pr4)vlslon8 24 219,000 710,810 287.175 573,510 Not A$8•18 Funds of (he charity Unfe51itted lunds 710.810 573,510 673,510 Totsl ¢harlty lunds 26 710,810 These fiyydncial statemènts haye been prepared In sccoidance with the prov￿19￿$ apiAicable to companies subiect lo the small companies. Tegimè. Inancial 51alements were approved by the board of trustees end 8uthtsr￿ed for i8$ue on are si3ned on tAhatf of the board by: C Morgan Tnjslfje The note$ OD pagos 18 to 39 f¢)nn part of thos• IInanc￿ i*atem•ntg. 15 Blaenau Gwent and Caerphllly Care & Repalr Company Llmited by Guaranloo Charlty Statement of Financlal Posltlon 31 March 2025 2Q2S 2024 Nots Flx•d •ssg1s Tarelblè fixed assets 20 5,180 7.288 Curr•nt assets Debtors Cash al ￿nk and In hand 380.691 602,039 982,730 460,510 497,857 958.369 Credilorn: amtsurtts falllng due vrithln on• year Net ¢urrer*t agsets 23 85,474 139,539 818,831 826.118 897,256 Totjl a$s¢ts less cuffènt Ilabllities 902,416 PrDvisions 219,000 280,000 546.116 Nel a$$ets 683,416 Fuftds of the char5ty Unreslricted funds 683,416 548,116 Total ¢harlty funds 26 683.418 546,116 Thgse ftr)ancial statements have been piepaied In accoidanGe with the provisN)ns applicèble to cOmpan￿S subj'ed to the small eompanias. rÈgine. 1 3tatsmenl$ we(¢ approved by the board Of trusl¢fj$ and aulhoTiSgd for Issue on Ond are signed on behalf of the boa¥d by.. C Moryan Tiustoe Th• not•¥ on p4g¢¥ 14 to 39 forni part ollhF84 Iln¥nclal 8fatsm•nts. 16 81aenau Gwent and Caerphilly Care & Repair Company Llmlted by Guarant88 Slatement of Cash Flows Yèar ended 31 March 2025 2025 2024 ou Cash Ilows frgm opor￿1n9 arttvllles Nel inco 144.475 103.153 Adiustrnents for. Depreciat¥Jn of tar*Jibb knd as88t$ Nel 98inWltosses) on inveslments other Inlttresl ￿e1Vable and similar income Interest P8y8bl8 and 8imiLAr ¢harges Toxalton Accrued in¢¢me 22,083 161,000) 123,2021 67,725 17.1751 {37.5071 23.136 (20,773) {63.0001 7,175 126,589} Chanm% in.. Stocks Trade and other debtors Trade and othgr ciedilors Provistons and employee benefils Cash ganerated from operations Inler•st paid Inlèr8s1 Te¢ewed Nel cash from operating aclNito$ (18,6751 124,366 132,1181 161.0001 119.774 110.3811 194,604) 53,965 (64,0001 117.9181 167,7251 23.202 75,2S1 53,000 20,773 55.855 Cash flows from Investlng actl¥ltlè8 Purch838 0118ngible assets Prc¢egd5 from sale ol ot￿r in￿StmentS Net ￿$h frornllused in) inv&stwig aclNitIès {1,3171 61,0 59.683 164,0001 164.0001 Net In¢Tease in ¢ash and cash equlvalents Cash and caslTr equlvalents at btglnnlng of y•ar Cash and tash •quivaltnts al end of year 134,934 497,857 632,791 ,145 589.662 581.517 Th• not•B pag85 18 to 39 fonn part ￿ th￿* fln•nclal st4ttments. 17 Blaenau Gwent and Caerphilly Care & Repair Cornpany Llmlted by Guarant•e Notfr$ to the Flnancial Ststem•nts Yoar ended 31 March 2025 G•neral inttsmiatlon Tha Chwity is 8 Publ￿ benefit entity ar￿ a private company fimiled by gu¥rant¢¢, registÉr8d Eryland and Waltss and 8 registered charity in England and Waks. The addr$$s ofthe registered office is Unit 1a•1b Ftyxes Lane. Oakd81e 8u$ll￿$s Path, Oakdae, Blath￿, NP12 4AB. I Stalom•nt of com￿lance Thes8 financial statements havo be￿ prepargd in tompltrancè wilh FRS 1D2, 'The Financral Reporting Stsndard appll¢able in Ihe UK and the Repvblic of IT￿n￿, the Statement of Recommended Pr8d￿e opplicable to Chknties preparing thelr accounts in accordance with th FiTrJncl81 Reportkng Stsndard applicabla in Ihe UK and Repubfic of Ireknd IFRS 102) ICharftie$ SORP IFRS 102118nd the Companies Acl 20C6. Accounttng pollele9 Basls of Pr9￿ratIOn The flnanclal statements have been prepared on the historical cost basis, a$ modffièd by the revaluation of cortain financkql assets and Ikibllftles and invesfmant propertiès rneasuTèd at lair value through income or expetKllture. The financial statement$ pr8pared in sterlin9, whKh 15 thè functional cuffency ol the entity. Golng concem There sre no matgr2al unc8rtainti&s about Ihe tharitls ab￿lty to eonlnue. In¢om• tax The taxalion expense Tepresents the aggrag8t8 arnounl of current and dèferred tax fecognk8ed in the reportlng period. CuTrenl tsx is reco3nisad on tsxable rnc(ffie or expeNllbJre for the current 8nd pas1 perfods. Currènt lax is rneasured al the amounls of lax expected to pay gr recover uslng the tax rates and laws thal hav¢ been enacted tx substanlwely ￿3¢ted al thè reporting d*è. Deferr￿ lax 1$ reeognl$ed In respect of all tirnlng differ¢n¢os at the réporting d**. Unrellovtd tax bsses and other deferred tax assets are recognrsed to the extent that it is probable th81 they 11 be T9covered against the reversal of deferred tax liabiltties or other tuturtr taxabl? piofrts. Deferred lax is rnea5ured vsing thè tax (ales an(5 laws that havè been en8¢ted or substantNety gn*t8d by the i?porting date that are expectèd to gppty to the reversal ol the timing difference. IB Blaenau Gwent and Caerphllly Care & Repalr Company Llmltsd by Guarantee Noles to the Flnanclal Statements Year endod 31 Mareh 2025 Ac¢ountlny pollcles fwjthivffdj Fund aceountlng Uwtrnstricted funds efe avauebfe for use at th& dl6¢r8tlon of tho trustees to fisrther ￿Y of the thaws Purp￿8& Designated fvnds are unreslrthd funds earmarked by Ihe trustees for p9rt1culai fvlufy prolect or ¢ommth)ent. Restnetedfund8 aré subjected to re$trbth'ons on their èxpenditure decfared bythè donororlhrough the letrns of an appeal. and lall Into one of subanci•l actiwtkes to which * rolales: oxpendiluro oft raising fund8 *rKlude8 the cosls of all fundraislng actNitle$. events, non- chantsbl8 tr￿ling actwfties, and the Sa￿ of donated goods. )enditure on Gharitablg *thritffts indudes 811 costs Incutred by a ¢harity in urKlèrtaking aGIl￿tIeS that further ils charilable aims for thè benefit ol ts bèneficiaiie$. In¢ludln9 those support ￿$ts ènd costs relaiing lo the govemBnce of Ihtr ¢harty appOrtN)n￿ lo chaTStab actMIE8. other ¢xpanditureincludes all oxpondtture Ihal 16 neith•rr•laledto relgingtundsfoythe ch8rty nor part of ts expendrture on Charitab￿ adivities. All costs are alloc￿ lo Qxpendilure categories rèflecting thè use of the resource. Dired costs attributabb to a single activty are allocated dIr￿tty lo Ih8t 8cIMty. Shared rosfs ar8 appothned behveen the 8¢tMIi69 they conlrtSUte to on 8 reasonable, jusllfiable and cpnsist8nt basi$. Oyrallng l•as•s se paymeftls are reco9n¢sed as an expen$é over the lease terrn on a str8ight4ine basi$. The aggregate benerrt of ￿&se incentives is reGo9nlsad as a reductK)n toexpense over the lease temi. on a straight.￿ne basis. Tanglbl¢ Tan9ibl• assets are initiauy rècorded atcosl. and subsequenltystated atcostless any accumut8ted depreciation and impairment losses. Any tangible assets Carried at revalued amunts are recorded at the fair valve at the date of rev8lualkJn less any subsequent accumulat9d depreciatxjn and subsequent accumtslated impainnent I￿50$. An increase in th• carrysng amount ot sn asset 8s a iesutt tsf a revaluation, is recognisad ift other rwnlsad gains and los$¢s. unless it iever8es a charge for inpairm8nt that h85 prevsously been rwniBed as expenditure wilhin the stalem?nt of financi81 actDi*ties. A fjecrease in th8 carrying amount of an asset 8$ a resutt of Tevaluation, is recognised in other reco9ntsed gains and losses, excepl to which it offsets any previous rev8luatKJn gain. In which case the k)ss Is shown Mlhin other recognised gains and knsse8 cn the statement of financml aclNAig5. Deprnclalltsn Dfpreclation Is calcvlaleil 59 as lo wtit8 off the cost or vahjation of on essel, le88 Its residual vaiua. ovol the us•ful econornr life of that asset as lollows.. OffKe equipmenl Motor vehicles Computer equipment 33% straight line 33P/g $tTaighl line 33% straight Iln¢ 20 Blaenau Gwent and Caerphllly Care & Repalr Company Llmltsd by Guaranteg Notes to the Flnanclal Statements (¢ofrthu•dJ Year ended 31 Mar¢h 2025 Accountlng polkl•8 Impalnn•nt of fixod ••%• A rwlew for indicators of inwaimienl is carried ou¢ at each repothng dale. with th8 recoverable amouni being estimated wheTe such If￿1tatorS e￿st thero the carying value exceeds thè recovErabb amount. the asset is impaired accordiThJty. Pmr impainnents orè also remevrtd fr>r PQ85ible rnvèrsal at eHch rewting dale. Forthe purposes ol ￿n￿1rMent lesling. when it Is not possib￿ lo estimat8th8 ￿C¢)vWab￿ 8niount crfan Indiv￿LIa1 assgt, an estimate is made of tha rteoverable amount of the cash-generattng unil to wh￿h the assel bek)ngs. The cash-gentrr8ling unlt ts the smallest tdeniifiable gioup of a$¥ets th8t Includes the asset and generales cash inflows Ihet lÈrgety independent of the cash tnftty¥s from other8s8•ts or grouy of gss•ts. For impalrment testing of 9CpJdwill, the goodwiE acquired In a businèss combination 1$. from the 8equisition dale, oloc8l&d lo each of the ¢¥sh*&n•rating uniis Ihal are expected to benefit from the synergies of the COM￿nation. trresprttlva of whether othar ￿$81$ or li#bllltw of the ¢h#rty are a5Slgned lo those unts. stocks stocks are measured at tho lthver of tost and estimal$d selling prKe less costs ID COMp￿e and Sell. Cost includes all Costs of purcha$e. costs Of conversi)n 8nd olh9r costs Incurfed Sn bringlng the stock lo its present location and conijttlon. Provt¥lons Provisions 8rè recognised when the enlty has an oblvJ8tK)n al the feporbng dale as a rgsull of e past event, it is probable that thè enllty wlll be requiied to transfer econtsmlc benefrts in $&ttlemenl and thè amount ollhe Obl￿atIOn can be estimaled Teliabty. Provi5itsn$ are fecognised as a liability in th8 slalement ol Inancial position and the amount of thtr pmmsion a5 an expense. Provisions ar¢ inMaHymea5UTed althgbest 8slimale of the amount required 1¢ settlethe Obl￿atIon al the iep¢rting dale and subsequenlty row￿ed al each ieporting dale and adjLtsled to ref￿cl the current b¥¥t estimate ollhearnount thatwould be requlred to settle the obligation. Any adjustment5 tolhè ornounls prevKJusly rècognised are ¥ecognisÉd In income orexpendrtU￿ unless Ihe provSsion w?s oryinalty recthjniserl as part of the cost of sn asset. When a provision is m¢as¢Jred at the p￿sent value cf Éh¢ amount expected to be requirEd to settle the obligakn'on, th$ unwinding of th& di8count 13 recognised as aflnancgcosl In the stalemenloffinancial adNities in the Per1￿j rt arises, and is alltseatèd lo the appropri*e gxp?ndfture heading. Flnanclal Instrumenls A finaneial asset or a financial tiability is recoJnk8Èd onty when the ¢harty becom06 8 paty tg the ntractual pro￿$10nS of the instrument. 8aS￿ linancial instnjments are Initial￿ Tewgnr$ed at the omounl reGBN?bltt or payablg induding any ￿lated Iransadbjn costs. 21 Blaenau Gwent and Caerphilly Care & Repalr Company Llmlted by Guarant•e Notos to the Flnanclal Ststements Year ended 31 March 2025 Accountlng pollclg¥ (¢o•¥rto• Flnanclal IMtrumontS fc•nWn¥od) Curient ass8ts and current liabilttles are subsequéntty m￿ured alth8 cash Orother¢￿s1defat.0r¥ expeded to be paid or receNed and not discoun￿. Debt in$trum8nts a￿ si*jsequ￿tty mèasured at amortl$ed c051. er• investmenls in shales 8r8 publKty tr*Jed or their fair valua can oth¢￿Ise be measured reh"abty, the Inveslment SLtb5equentty measuTed at fair value with changes In fair val¥Jtr recogntsad in irbcome and expendiluro. All other such Investments are ¥ubsequentty measured al Cost lass impairmènt. Other financial instriments, includwsg derivativgs, a￿ 5ntti8ly r8cogni8od at laiT valu&, unle5S payment for an asset is d&f8rred beyond normal btjsiness tern￿ or finan¢ed al a fat? ¢{ inlere¥t that K9 not a marf4011#18, in wh￿h ca8e the ssset is m8asured at the pièsenl value of the fvtur• p8yrnents discounted at a markèt late of interest for ? similar debt Trftstrument. Otherfina￿l3l instruments aFe Subsequently meastsred atfxirvalue, with any ¢hange5 r8ce£nised in the $tslemènl of financial actmiies, wNh the exception ol hedging bnstNm8nls in a destgnated hedging ralatlor>8hip. Fironcièl assets that ar• measured at cost or amortised cost 8r$ reYTewed for obfr'ectNe e￿dence af impa#ment 8t the end of $Aeh reporlng dale. If there 15 objective eWder￿ of impabrment, an paimtsnt loss is iecognisgd under the appropriate he8d4n9 In the slatèmenl of financkql aclNitios in whKh the initial gain was ¥ecognised. For￿1 equty inslrumenls regardless of sNJnificance, and olherfinancial assets that are indTwldu81ty Slgnrftant, these ar• assessed Indlvidualty for inpainrRnl. othor finarKial assets are oilher assessed indivldualty or group￿ on the basis of similar credrt iisk ChaT8dertSt￿s. Any ievgrs818 01 impairment org recognised immedialety. ta the extent that the reversal d085 resulL in a carrying 8muLsnt of the fin&n¢i¥l asset th* ￿eedS what the carrying amount woukl have been had the impaSmienl not PT•viousty been recognL*ed. Dgfined conlrlbutsgn plans Iribulion8 to dafined contributron plerts arg recognisgd 8$ an 6xpen5e in the pèriod in whiGh the relaled s*rvke Is providgd. PiepaKI contribulR)ns are r8¢0gnised as an asset to tho exlenl that the wepaymenl w411 lead to a reduction in future paymènts or a cash refund. When eontsibutio(k8 are not expecte¢l to be settied wholty within 12 months of the er￿ of the repNiing date in which the employéos r8ndei the related seNce, the liabilty is measured on discounted present vatue basls. The unwinding of the discovnl is recognlsed as an expense in the per￿￿ ifi whlch it arises. Blaenau Gwent and Caerphilly Care & Repair Company Llmltsd by Guarantee Notes to the Flnanelal Statements iGonthue47 Yoar endéd 31 March 2025 Umltsd by gu•rante• Blaenau Gwenl & CaeFphlly Care & Repair Is o charltable conwany linwled by guarante&, incowpty31od on the 27th ol June 2017 and registered a$ a ¢harty on 15th November 2017. The Gompany was es13bkhed under its Articles ofAssocialton, whtch wtlines objects and powers ofthe chartty. In event of the cornpany btring wound up, the liabllty of members Is1Smtted to 8 sum not ex¢eeding £1. DonatlOTIts ond l•gad¢s Unrestricted Totsl Funds Unrostricted Totsl Fund8 Funds 2025 Funds 2024 Grnu Oonatlon$ Don#lkJn5 10.160 10.160 6.610 6.610 10,160 10,160 6,610 8,610 ha Donatlon$ Donat￿$ Giftd from Cèrè and Repair HCMÈ Maintènance 10,160 10.180 6.610 6,610 74,152 84.312 74.152 84.312 84,267 90.877 84.267 90,8TT Charttable actIvI￿￿$ UNestrl¢tè6 Furbds Resltfcted Totsl Funds Funds 2025 Grou Wgtsh Govefnmenl- Home Improvsmont Agenues Bla&nau Gwenl Swial SeThKes- SAH Project Revenue BJaen8u Gwanl Socral Servtces- SAH Project Capita Ca¥rphilty- Enable ILG W&lsh Govemment- RRAP Caerphil Welsh GovemmeDt- RRAP BL3enau Gwenl CaÈrphlly- Ensble RRAP Plus Blaenou Gwenl- Enable ILG Bl8en&u Gwenl- Enable ILG & RRAP P Caetphlty- Enable ILG & RRAP Plu6 HCF Regional Pwtn¢rship Board- Funding for GwentAgencbs Managing Better Servi Westtm Power fvndin9- C&R CaTdrff & the Valp Cymru Grants 362,125 362.125 10,000 10,000 90.000 90.000 216,CE3 128,785 86.957 58.986 8,845 13.043 216.063 128.785 86,957 58.966 8,845 13,043 100,000 100,0 43.122 lo,0(￿) 10.558 43.122 10,000 10,558 23 Blaenau Gwent and Caerphilly Care & Repalr Company Llmited by Guaranteo Notes to tho Flnancial Statements (¢onWmdJ Year ended 31 March 2025 Chatblabl¥ xt1vlt5￿ {¢ODllnu•¢J Health Board-ABUHB Cor& Reversve Hospital ttr 8 HealthTer Horne- Cepltal Hospltal lo a Heatthkr Home & Supp¢)rl G¥¥nt 20.910 22.500 52.163 20,910 22.500 52.163 1.095,342 138,695 1.Z34.037 UnfestrKted Funds ReslrKted Toial Funds Funds 2025 ari Ish Govemmenl- Home Improvement Agenctes B18enau Gwent S￿181 SerV￿s - SAH Project Revenue Bleen8u Gwent Social Ser¥Kes- SAH ProJ#¢t Capital Caenphilly- Ensble ILG Welsh Govemmenl. RRAP Caerphil Wel$h Ggv*mmenl. RRAP Bbenau Gwgnt Caerphilly- Enable RRAP Plu$ 818gnau Gwent- En3ble ILG Btaenau Gwènt- Enable ILG & RRAP Plus CaErphdly- Enable ILG & RRAP Plus 14CF Règlonal Partnership 8oard - Funding foT Gwent Agencies Managing Better Swvie¢ Weslem Power fvn¢lng- C&R Card*ff & the Val• Cymru Gr8nts Health Board-ABUHB Corè Rovonu Hospital lo a Heatthier Home- Capital Hospital k* a H8althi&r Home 8 Support Grant Re¢h8rgès HMS 382,125 362,125 10.000 1Q.l)00 90,DOO 90.000 216,063 128,785 86,957 58,966 8,845 13,043 216,063 128,785 86.957 58.9£6 8.845 13,043 100.000 100,000 43,122 10.000 10,558 20,910 22,500 52.163 39,992 43.122 10,000 10.558 20.910 22,500 52,163 39.992 1.135,334 138,695 1.274.029 Uniostrided R*slrided Total Fund8 Funds Funds 2024 Wel$h Govemmenl- Home ImpTovamant Agencies Blaènau Gwenl Socpl Servt¢ès- SAH PmieGI Revewe Blaertau Gwent So¢Fal SÈNic•s- SAH Projecl Cepital Ca¢rphS1ty- Enable ILG Wolsh Government. RRAP Caorphilly Wèlsh Government. RRAP 81¥enau Gwenl Caerphilty- ETrab￿ RRAP Plus Blaenau Gwènt- Enable ILG BFaenau Gwent- Enab￿ ILG & RFIAP Plus 3S2,125 362,125 10,000 10,000 90.000 37.900 198,056 128,785 70,796 72,9TT 10.947 90.000 37,900 196,056 128.785 70,796 72,977 10,947 24 Blaenau Gwent and Caerphilly Car6 & Repalr Company Limited by Guaranlee Notes lo tho Flnanclal Ststemonts Year ènded 31 March 2025 Charltsblo o¢Uvllles (¢pnth¥• c8&￿hffly- Enabb ILG & RRAP PIJ5 HCF Regional Partnership Bo8Td- Funding for GwentAgen Managing Better SeM¢o WÈstem PO￿Er￿ndin9- C&R Cardlff & the Vale Cymru Gfants Heakh 8oard- ABVHB Core Revenue Hospital to 8 Hea￿h￿r HE￿6- Capital Hospital ta a Heailhler Home & Support Grant 16,304 1thJ,000 16,304 1￿.￿)0 42,473 10.000 1,900 20,909 5.000 44,429 41473 10,0 1,900 20.909 5.000 44.429 1,107,790 112.811 1.220,601 Charl Unre91ricted Funds R?stri¢ted Total Funds Funds 2024 Wekh Governm?nl- Home Improvement Agencies 81aenau Gwent S¢¢i81 Se￿￿- SAH Project Rèwnue Bbenau Gw￿1 Soclal Services- S4H Project Capital Caerphilly- Enalle ILG Webh Govemment- RRAP CaeTphllly Welsh Govemmènt- RPAP Blaèn8u Gwènl cae￿hlIty- Epablo RRAP Plus Blaenau GwÈnt- Enats￿ ILG Bla8ftau Gwent- Enable ILG & RRAP Plus Caerphilly. Enable ILG & RRAP PSu5 HCF Regional Partn¢r$hip Board- Fundin9 lor Gwent Agen¢KgS M8naging Better SeNKe We$lem P¢)werfunding- C&R Cariirfr & the Vale CYMTU Grants HeaFth Board- ABUHB Corè Revenue Hospital to a Healthier Home. C?pit81 Hospital lo a Heallhier Home & Support Grenl ReGharge8 HMS 362,125 2,125 10.000 90.000 37,900 196,056 128,785 70.798 72.977 10,947 10.000 90,000 37,900 196.058 128,785 70,796 72,977 10.947 16,304 100.000 16.304 loo,000 42,473 10.000 1.900 20,909 5.000 44,429 69,039 1,289,640 42,473 10.000 1,900 20,909 44,429 69,039 1,176,829 112.811 oth•r tradlng 4diviti•s Unreslitted Totsl Funds unrest￿ted Total Fund$ Funds 2025 Funds 2024 Grou Trading subsidiary in¢ome 36.164 36.164 3,095 3.095 Blaenau Gwent and Caarphilly Care & Repalr Company Llmlted by Guarantee Notès to the Flnanclal Statements ¢coftthw¢• Year endod 31 March 2025 & Inv8stm•nt Incornt UnreGlrietod Total Funds UThr•strtded Total FuTrJs Funds Z025 Funds 2024 Gmu and char 8ank inlere8t rec•Nable 23,202 23,202 20,773 20,773 (Xh•r IrKome Unrestithd Total Funds UnreslTiCted Totgl Fur￿$ Funds 2026 Funds 2024 Grtsup and charlty hlK8cetkneouB Incoma 112 112 10. Tiadlng aubsldiary eXp￿dIlure Unieslricted Totsl Funds Unrestr¢¢ted Total Funds Funds 202S Funds 2024 Trading subshdkqry expenditure 336.110 336.110 294.156 294,156 11. EyndJtur* on chariMbl• actbvltl8s by fund type Unrèstricted Fund8 Restricted Total Fund$ Funds 2026 Grou Gon•ral Funds HCF Regional Patheiship Board - Fundlng for Gwenl Agen¢ies Cymru Grants Fbspilal to Heakhier Home - RIF Bla¥nau Gwenl. SAH Ptoject Blaenau Gwenl- ILG Enable Caerphlly- RFIAP Plus Caerphlly- RFtAp Blaen•u Gwent- RPAP C8grphlly- Enabfe ILG Managing Better Semce Health Board- ABUHB Core Revenue Hospit81 to a Healthiei Home & Support Gmnl Suppttrt costs 477,470 477,470 83.787 5,930 83.787 5.930 22.500 58,6SO 58. 10,n8 37.476 17,868 22,SLKI 58,660 58,966 10.728 37.476 17.866 43.122 20.910 52.163 43,122 20,910 52.163 8.750 898.328 8.750 759.633 13e,895 26 Blaenau Gwent and Caorphilly Care & Repalr Company Llmlted by Guaranto0 Notes to the Flnancial Statements (¢onUnw4 Year ended 31 Mar¢h 2025 11. EXpondI￿re on ¢harltable activities by lund type 1¢ Unrestricted Fund8 Restsicted TolAI FuNdg Funds 202$ G￿￿81 Funds HCF Règional Partnership Board- Fun(fing for Gwgnt Agencies CYMN Grants Ho3prtal lo Heathler Home- RIF a￿1￿ G￿n1- SAH Project Blaenau GwtAt- ILG En*)le CaerphlUy- RRAP PIJ ca￿hlI1Y- RRAP Blaenau Gwenl- RRAP Caerphilly- Enable ILG Managin9 Better ServKe Health Board- ABUHB Core Revenue Hospital lo a Heafthier Homè & Support Gr8nl Support costs 478.059 478.009 95,652 5,930 95,652 5,930 22,500 90,000 58.968 86,957 216.063 121785 22,500 90,000 58.966 86,957 216,063 128,785 43,122 20.910 52,163 43,122 20.910 S2.163 6,136 1,305,243 6.136 1,166.548 138.695 Unrestr￿ted Fund$ ReslTr¢t•d Total Fund$ Funds 2024 Char General Funds HCF Re9lonAI P8rtnership BoaTd- Funding for Gwenl Agenues Cymru Grants trlosprtal lo HeaRhier Hom8- RIF Blaenau Gwent- SAH Project Blaerjau Gwent- ILG Ensble Caerphilly. RRAP Plus C•erphilty- RRAP Bbenau Gwent- RRAP Caerphiliy- Enable ILG Managing Better Se￿[¢$ Heallh Board- ABVHB Core RevenL Ho$pitsl to 8 Heètthièr Home & Support Grant Support costs 447.484 447.484 98,517 1.900 98,517 1.900 5.000 99,212 72,978 70,794 1%.056 128,785 37,900 42,473 20.909 44.429 24,447 5.000 99,212 72.978 70.794 196,056 126,785 37,900 42.473 20.909 44,429 24.447 1.178.073 112,811 1,290,884 27 Blaenau Gwent and Caerphilly Care & Repalr Company Limited by Guarantoe Notes to tho Flnanclal Ststements Year endod 31 Ma￿h 2025 11 Exp8Adltur• on charrtablq actfvhles ty acllvjty typo und•rtaken dke¢ty Support Tolal funds costs 2025 Tolaf fund 2024 Grnu and General Funds HCF Regitsnal PartneTship Board- Funding lor GwenlAgenc Cymru Grants Hospftal to Healthler HoThR- RIF &￿e￿aU Gwent- SAH PipjÈd Blatnau Gwenl- ILG Enable caerphl￿- RRAP Plus CaerphlWy- RRAP Bloenau Gwenl- RPAP Ca•rphilly- Enable ILG tanaging Bett¢1 Sgtvlce Health 8oard- A8UHB Core Revènuè Hospit￿ to a HeathleT H¢Jne & Support Grant Govemance costs 477,470 477.470 447,484 83.787 5,930 22,500 58,860 58.986 10,728 37,476 17,866 83,787 5.93Q 22.500 58,680 98,517 1,900 5,000 99,212 72,978 70,794 196,056 128.785 37.900 42.473 20,909 10,728 37,476 17.866 43,122 20,910 43,122 20,910 52.163 52,163 6,750 44,429 24,447 8,750 8,750 889.578 898,328 1,290,884 13. All•￿1$ of grants and ehaTI 2026 2024 Grants to Inslltullons Hardship Fund Tc*al gmnts 2,520 2,520 14. Taxatlon Def•fved t4X: origin$t￿l￿ and reverBal of timing dtfferences 17.1751 17.1751 7,175 Taxallon 7,175 15. N•t galnslllossesl on Investm•nts Unfestricled Total Funds Unrestitted Total Funds Funds 2025 Funds 2024 harl G8insllloss•s) on othei inve$lment assets 87.000 61,000 (64,0001 184.0001 28 Blaenau Gwent and Caerphilly Care & Repair Company Limited by Guarantee Notes to the Flnancial Statements (conthyuedj Year ended 31 March 2025 16. Net Income N&1 income 1$ stated after chargin￿(CredItingl'. 2025 2024 Depreciation of18ngible fixed assets 22,083 1,631 Charl Depreciation of tangible fixed assels 3,445 1,631 17. Auditots remuneratlon 2025 2024 Grou and charl Fees payable for the audit of the financial statements harl 8,750 24,447 Fees payable for the audit of the financial statements 6,000 17,500 18. Stsff costs The total staff costs and employee benefits for the reporting period are analysed as folk)ws'. 2025 2024 Grou and char Wages and salaries soc￿1 security costs Employer contributions to pension plans 566.356 41,250 18.640 501,460 43,881 25,695 626,246 571,036 The avèrage head count of employees during the year was 21 12024.. 17}. The average number of fijll-time equivalent employee5 during the year is anatysed as follows.. 2025 2024 No. Number of man4emenl 51aff Number of support slaff 18 15 21 17 No employee receNed employee beneffts of more than £60.000 during the year12024.. NIII. Key Management Petsonnel The key management personnel of the charity as noted in the trustees, report received benefrt5 (including gross salary, employers national insurance contribution5 and employers pension conlribulion$l of £155,562 {2024- £1 53.191). 29 Blaenau Gwent and Caerphllly Care & Repalr Company Llmlted by Guarantee Notes lo th¢ Flnanclal Statements [¢ortthu•d) Year ended 31 March 2025 18. Staff costs Charf Wa98s and sakrfes Social S￿￿11ty costs EmployerconlrA)ulkJns to pensknn plans 407,643 27,322 18.640 399,B05 34,874 20.612 453.605 455.291 The average head ¢ount of empl)yee$ duiin9 the year wa8 15 (2024.. 171. The average nUm￿r¢I ful-lime equiwalellt 8mpbyees during the year is anatysed $s folkn. 2025 No. 2024 No. Number of man89oment staff Number of sta 15 15 17 No employee received emptoyee benefrts of rnre than £60.1)l)U during the yéar12024.' Nit). 19. Tfustoe remuneratlon and •xpens¢s no remunerdtion or otheT benefits liom ernployrnent wlh thè charity or a Ttrlated entty were ie¢elved by the Irvstee5. no trustee expenses have been incuffed. 20. Tangiblo flx4d assets Fixt{J￿ and ffttings Motor Ye￿CleS Equiprnenl Total an Cost At l April 2024 Addrtions 3,583 78,589 9,435 1.317 10,752 97,607 1,317 At 31 March 2025 3,583 78.589 92.924 D•pr8claUon At 1 April 2024 Charg6 for the ye¥* At 31 March 2025 1,089 1,183 2,272 49,889 18,638 4,641 2,262 SS,619 22,083 68,527 6,903 77,702 Carrying amount At 31 Mayeh 2025 1,311 2.494 10,062 3.849 15,222 At 31 fvlarch 2024 28.700 4,794 35.988 30 Blaenau Gwent and Caerphilly Care & Repair Company Llmlted by Guarantee Notes to the Flnanclal Statèments i¢¢tti¥iue Year ended 31 March 2025 20. Tanglbl• fixed •s$•ts (eonthwedj FixturK end ffttings Motor vehTcles Equipment Total Cha Cost At 1 ApThl 2024 Addltws 3.583 7.954 7.450 1.317 8,767 18,987 1,317 20.3(M At 31 March 2025 3.583 7,954 Dèprgclatlo At 1 April 2024 Charge forlhe year At 31 Ma￿h 2025 1.089 1,183 2.272 7,954 2,656 2,262 11,699 3,445 7,954 4,918 15,144 Carrylng amount At 31 Mtr¢h 2025 1.311 3.849 4,794 5,160 7.288 Al 31 March 2024 2,494 21. Stocks 2025 2024 Raw materials and c¢n8um8blo3 16,875 18.824 22. Dgbtoy 2026 2024 Gr Trado debtOfS Ptepayn7ents Ènd atcwed incc#m& Olhet debtors 110.000 253,594 145.474 224.770 3,793 363,594 374,037 Ttade debtors An￿u￿1$ Lved by grotjp undertsknn9Y Prepayments and aeeruwf Incomè Other debtors 110,000 17,097 253.594 145,405 89,980 224,770 355 380.691 460.510 31 Blaenau Gwent and Caerphilly Care & Repair Company Umlted by Guarant•a Notes to the Flnan¢lal Statements (caYJth¥o Year ended 31 March 2025 21 Cr￿[tors. amounts falllng due wSthln ort• year 2025 2024 Gmu Trade ¢i•ditors Accruals and deferred Income Social security and other taxes Cred(t card 88.779 8,750 124,931 19,750 5,000 1,143 98.672 149.681 Cha Tr8d8 credito AccNal$ 8nd dtferrwj In￿Me So¢i81 séetsiity and clhertaxe 79.474 e,ooo 117.039 17,500 5,000 139.539 85.474 24. Provlsions P•nsS0Tr9 and Slmllar obllgaliong Al 1 April 2024 Movements 280.000 181,0001 219.￿0 At 31 Mar¢h 202$ 32 Blaenau Gwent and Caerphllly Care & Repalr Company Umltod by Guarantee Notes to tho Financlal Ststemonts (conthy Yoar onded 31 March 2025 2S. Penslons and other p￿t rntirement benqffts D•fln•d ¢ontrfbutlon ¥eh•m• Tha charity Lwerates a d6fmed conlrl)uli¢)n pen8K)n schwxè lor Éll quolrfytn9 èmpbyees. The È8sets of the schèmè Are held 3eparatety from those of the charity in an independenuy ¥drninL4lered fund. 0￿1￿9d ben•nt i¢hemo'. TPT Retlrement Solutions- Sc¢ial Housing Penslon Scheme Th? ¢havity uulises ¥ scheme providing benefils based on final pension8bh pay Is operated through the TPT Relir&nent SolLrtbn$ pensi*)n scheme. The assets of the scheme are hetd Sepaiatety Irom those of the Charlty. The contributions are delémjined by a qUa[ff￿d aclu3ry on the basis of tr￿nn1a1 valuation$ usifjg the Proj￿Ied unil method. Thè ¢onlributioi>s for thi• peth)d were based on the valuation as 31 M*eh 2025. The most recent valualKJn ofthelurtd wa5 at 31 March 2￿￿5. The assumptions that hove the most significanleff8clon the results ofthe valuation s￿ those rèlating lolhe ral¢ of return ol investments and the r81e of irKrea5e in 88larie3 and pensions. FAIR VALLIE OF PLAN ASSETS. PRESENT VALUES OF DEFINED BENEFIT OBLIGATION, AND OEFINED BENEFIT ASSET ILIABILITYI 2025 I£OOOsl 2024 I£OOOsl Fwr va￿9 of plan assets Present V8kne of definèd b*n8fft oblvjatiort Deficit in plan Defined benefft assel Iliabilty) lo be fe¢ognlsed 1,221 1,440 12191 12191 1.199 1,479 12801 12801 KEY ASSUMPTIONS 2025 % pèr 2024 % pai annum annum 015counl ial8 Inflation IRPI) Inftation (CPI) Salary GrovAh AIIowBnce for wnmthalion of p￿$10￿ for cash at rntlr¢ment 4.89 3.17 2.77 3.11 2.78 3.78 75 75 Thè rnortallty assumptions adopt•d at 31 March 2028 Impty th• tollowlng Ilf• 8xp•ctancles: 2025 MAk rGlirlng In 2026 Fernal¢ t¢liflrvJ In 2025 M#le retiring in 2045 Female Feliring in 2045 20.5 23.0 21.7 24.5 Blaenau Gwent and Caerphllty Care & Repair Company Llmll•d by Guaranteo Notes to the Flnancial Statements Year ond•d 31 March 2025 2S. P•nslon¥ and other p05t Mirnment b8n•ftts l¢onWn¥¢¢) RECONCIUATION OF OPENING AND CLOSING BALANGES OF THE DEFINED BENEFIT OBUGATION 2025 I£OQOsl ned benefrt obllwional start of pedod Expensts5 Int8(esl expense Acturk?I bsses (gains) du• to sch•mg oxperiencp Advrfal losses (gains) du8 to changes in fvFan¢kl ossumpltons Beneffts paid and &xpens8s Defined benefrt obligat￿n at end of Férk)d 1,479 71 1152} 168) 1,440 RECONCIUATION OF OPENING AND CLOSING BALANCES OF THE FAIR VALUE OF PLAM As$￿s 2¢f25 I£Q003} Fair of plan a3sets at start of period Inler&8t In¢ome Expeiienee on pkn assets (excluding amounts included In inlerest Incom81- gainllloss} Crjnlribulions per enyloyer genefils paid and expense5 Fair valu& of plan 8ssets al and of period 1,199 59 (411 72 168) 1.221 The actual return on plan as$els lincluding any changes in share of assets) over the period from 31 March 2024 to 31 March 2025 wa8 £18.000 (2024.. £26,000) DEFINED BENEFIT COSTS RECOGNISED IN STATEMENT OF COMPREHENSIVE INCOME Isocii 2025 I£OOOsl Expenses Net interest exppnse5 Defined banefft Costs rs¢ognised in Slalemenl of ConpreheTr5ive Income ISOCII 12 18 DEFINED BENEFIT COSTS RECOGNISED IN OTHER COMPREHEMSJVE INCOME IOCII 2025 (£00061 rience on plan as$&ts1ox¢ludirg amount8 included Fn net interest costi - gainlllossl ExperienTr gains and losses arising On the plan liabHth$- g¥iTr110$s1 Effects ol changes in the financial assumptions und*dylng the present value of the defined ben¢ft ¢bliyalion- gain {lossl Total actuarial 9aiTr¥ and lo58es (before reslriction due to of the s￿￿￿S not being iecognisable)- Galn (lossl Totsl ￿ount rewJnised in Other CumprehensTrve Income- gain Ilossl 141) 1106> 152 Blaenau Gwent and Caerphllly Care & Repair Cornpany Limited by Guarantee Notes to the Flnanclal Statements f¢onth¥•¢) Year ended 31 March 2026 25. Penslons and oth•r po$t rètirem•nt bènéfits A8SErs 2025 i£ooag1 2024 {£(K)08) Absolute Retum Al¢emati￿ Risk Pieml8 Cash Crgdil ReiatNe Vatue Currency Hedging Distress￿ opp￿tUnib?8 Eff*rging Markèts Debt Global Equalty Infrnstwdure InsuiarJce-Linked Securities Liabilty Driven Inv8Stmènt Loffj Lease Pmpety Net CurrenlAssels Opportun{51￿ Illiquid CTedfL Private Dtsbl Private Equty PIDperty Risk Sharing SBcurèd Income LM4oKI AMpmalive3 RealAssets Private Gredit Crtdit Investment Grade Credit Total As$gts 47 38 24 17 42 16 119 721 137 370 47 47 61 48 70 20 226 146 149 47 38 1,221 1.199 35 Blaenau Gwent and Caerphilly Care & Repair Company Llmlted by Guarante• Notes to the FinanGlal Statements Yearended 31 March 2025 26. ADaty81s of ¢h•rftsbl• fund Uftr¢*trlct•d fvnds Al 1 April 2024 Gains and At 31 Mar¢h kJss•$ 2025 Inconw Expenditure Gr General funds DesigAal8d Fund- A83el ¥eplacement D¢5igna18d Fund- ConNngen¢ylund 243,510 1,164,868 11,088.5681 61,WO 360,810 50.000 50.1)00 280,000 573,510 280.000 1,164.868 {1,088.568) 61,000 710.810 Charf Ggneral funds Designated Fund- Asset replacement fund Designated Fund- Contingency fursd 216,116 1.242,848 {1.186.548} 61,000 387.985 50,000 50,1)00 280.000 280.O¢JJ 683.416 546,116 1,242,848 (1.18S,548) 61.000 Al 1 April 2023 Gain8 and At 31 March k)sse8 2024 Incc4ne E¥peThSiturè General funds DesignAled Fund. Asset ￿PlaCe￿ent fund Designatwj Fvnd- Contingency fund 204,357 1,138.380 {1,035,227) <64.Ck)01 243.510 so,000 50,000 280.OOCI S34,357 280.O¢JJ 1.138.380 11.035,22n 164,000) 573,510 ar General funds Deslgnaled Fund-Ass repkicement lund DgsvJnaled Fund- Contingency fMd 169,598 1.288.591 {1,178,0731 {64,0001 216,119 50.000 280.000 280,IJCrt) 546,116 499.598 1,288.591 11.178.073) 164,OLK)I 36 Bla8nau Gwent and Caerphllly Care & Repalr Company Llmlted by Gvarantoe Notes to tho Flnanclal Statements Year endod 31 March 2025 26. Anaty81s of ¢harMabl• lunth f¢ontirtue RMtvict•d fund• At 1 Aprll 2024 Gains 8nd At 31 March k)sses 2025 Income Expendituie Health 808rd-ABUHB CO￿ Revenue Hospitsl to 8 He8lthier Home CapK81 Hospital to a He￿￿h*￿T Homg & Support Grant Managing Better Service 20.910 120,9101 22,500 {22.5001 52.163 152,163) 43.122 138.695 143,1221 1138.6951 Al 1 April 2023 Gains and Al 31 March 1088es 2024 Inco￿ Expenditure Grou harf Health Board -ABUHB CoTts R￿ertrue Hospll51 to a He3￿h￿r H¢Jme Capttal Hosprtal lo a H&al￿￿r Home & Support Grant MaThaglng 8ettei 20,909 {20,909) 5.000 {s.000) 44,429 {44.4291 42.473 142,4731 (112.8111 112.811 37 Blaenau Gwent and Caerphilly Care & Repair Company Llmlted by Guarantee Notes to tho Flnan¢lal Ststemonts (Conth￿0) Year ended 31 March 2025 27. Anatysls of not assets bets￿8n fundg Unrestricted Totsl Funds Funds 2025 Tangible fixed as$el Currnnt asstts Creditors less than 1 year Pffjwsions Oèfined bÈnoffl penslon Net ag>ets 1S.222 1.013.260 198,6721 15.222 1.013,260 198.672) 1219.0001 1219,0001 710,810 710,810 Cha Tangible flxed assets Cyrrenl assets Credrtor5 les5 than 1 year Defined beri8ftt panGlon Ngt assèts 5,160 5,160 98S,633 965.633 (68,3771 168,377) 1219,000) 1219,0001 683,416 683,416 Unreslricled Total Funds Fund8 2024 Tangible frAed assets Current assets Creditors less than 1 year Provlsbns Defir*d benéff( pansion Net assets 35.988 35,988 974,378 974,378 {149,6811 {149,6811 17.1751 17.175) 1280.OIJOI 1280,0001 573,510 573,510 Charl Tangible fixed assets Current assets Creditor$10s8 than l year Prtsvislons Defina benefit penslon Net a¥69ts 7,288 7,288 958,367 958.367 1139.S391 1139,5391 1280,000) 1280.0001 546,116 546.116 28. Anatysls of Changès In nèt d•bl At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash al bank and in hand 497.857 134.934 632.791 38 Blaenau Gwent and Caerphilly Care & Repair Company Llmltsd by Guarantee Notes to the Flnanclal Statèments {¢anknuedJ Yoar ended 31 March 2025 29. Operatlng lea8¥ ¢ommltmonts The total lutur¢ min•num16&0 payments under non-cancellable cfjèrating knes ore as follows.. 2025 2024 Not later than 1 yaar Lat•r than 1 yeai and not later than S years 5.304 2,210 7,614 7.650 7,514 15,264 30. R•lated parti•s On 27 June 2017. the CoThiunty Benèfft Soctety, Blaenau Gweftt & Ca£￿hlIty Cartt and Repair. ompany no. IP29720R tTrnsferred all its Assets, liabililies. contrgct5 Staff and adNibes lo Ihe new￿ ftym&l in¢owrated ¢harity Blaenau Gwent And Ca9￿h11￿ Care & Repatr Limtted. thjring th& yearto 31 March 2tr25'. £39.992 (2024.. £69,039}was Techarg&J to Care & RepatrHome aintenance ServK¢s Limrfed and a8 8131 March 2025 thè ch8rity w8$ txed £74.15212024.' £84,26n including a 9Fft aid donation of £74,15212024'. 84.267). During Ihe year to 31 Mar¢h 2025 Carè & Ryir Home Maintenancè SeNkes Llmited Invo￿ed £409,68512024.' £437,002) to Blotrnau Gwent and Caetphllly Care & Repair Limited for seNice$ provttl￿ on beha5f Df the charity, and as al 31 March 2025 the aMO￿nI cwed by the eharity was £70,665 (2024.. QK23}. Th&ch8rity also loantd the trading company £25,IX18 in 2022 to Ms8i$l tho ¢on7pany fn pu￿haSing a vphiGle. As al 31 March 2025, the amovnt owed to the charity was £nil12023.. £8,33S). 39