COMPANY REGISTRATION NUMBER.. 11165504 CHARITY REGISTRATION NUMBER: 1180398 Paul's Place (South West) Company Limited by Guarantee Financial Statements 31 March 2025 WALTER HUNTER & CO LIMITED Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF Paul's Place (South West Company Limited by Guarantee Flnanclal Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) Statement of financial position 12 17 18 Statemenl of cash flows Notes to the financial statements 20 Paul's Place (South West) Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directorfs Report Year ended 31 March 2025 The trustees. who a￿ also the directors for the purposes of company law, present their report and the rinan¢o1 ststem8nts of the charity for the ye8r ended 31 March 202S. Rèfarence and a(knlnl8tratlve detsil# Registerod ¢harlty name Paul's Place Isouth West) Charity reglstrntlon number Company rn918tratlon numbor 11165504 Princlpal officè #nd reglstered Serridge Lane offiGe Coalpil Heath Bristol BS36 2 1180398 The trustees Jane Elizabeth Hill Steven Terry Howell$ Nicolg Emma Beebge Katherine Jane Franci$ Sarah Louise Payne Kevin Dawd 8aker Auditor Walter Hunl&r & Co Limited Chartered aocountanls & $latutory auditor 24 BrKlge Street Newport South Wales NP20 4SF Paul's Place (South West) Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Dlr8ctorfs Report) {coRtinutd) Year ended 31 March 2025 8lructure• govom•nce and managem•nl Paufs Pbce (South Westl is a company limrted by guarantee, incorporated on 23 J￿￿ary 2018 and registered a$ 8 chanty on 22 Octokr 2018. The affairs of the charitsble company are governed by Its Articles of Association amended by special resolutions dated 27 July 2018. 30 December 2019 and 6 October 2023. Members of the charitable company Guarantee lo eonlribvte an amount not exceeding £7.$0 to the assets of the charitsble comparry in the event of winding up. Govemlng Slructure The directors of thè company are its Trustees for the pu￿0¥e3 of charbty Iw and throughoul thks rewt are collectNety referred to as the Trustees. The Trustee Board meets on a quartevty basis. Tha purpose of the Board is to provide straleglc direction, delerrnine key poli¢ies, exercise a¢count8bilty arKI provide oversight of management in its general operation and exercise of prudence and care. There are tsyo Sub ¢(￿l￿eeS of the Board. Finance and Investment and Human Resources. Exh ccfflmittee includes Trustees and other M￿berS ofthe Sanior Manag&ment Team as appropriate. The Trustees have overall responsoilty for the charity bul the day to day running of the charty delegated to the ch￿ Executwe Offw, Lynda Williams. Racrultment and appointment of Trustees The Board of Trusle8s seeks to ensure that the needs of the charty are appropriatety reffl￿ted ift the diversity of the Trustees. In line with tho Art￿leS of Associall¢)n the Board consistg of up lo 11 Trustees who are etected by the memkrship al the Annual General Meeting and up to Iwo indiwduals appointed by the Board. The Trustees may appoint honorary consultants and ob8ervers {non-voting) for 5Pe¢lF￿ tasks for perKKI of up to one year. Trustse InduGtlon and Training On appointment Trustees are provided with copies of key govemance, Strategy arbd poly de¢uments and scheduled onto Trustee Training Courses facilrtated by VOSCUR or South GlouGe5tershire CVS. Publlc Bonefit The Tw8lees confimi that ￿Y have complied wth the duty in section 4 of th8 Charities Act 2008 to have due regard to the public benefrt guKlanc8 published by the Charity Ccfflmwion in detemiining the actwities undertaken by the charty. Rlsk Managament The Trustees have a duty lo idèntfy and review the risks that the charty is exposed to and to ensur8 that appropriata controls are in plxe to provide reasonable a$8ur8nce against Iraud. efror and other risks that would bring the charity into disrepute. A rlsk register 1$ maintained and is reviewed at Board me81ing$ with the Trustees confvming thal the controls are in place to milig*e th8 risks as far as Possible. Paul's Place (South West) Company Limited by Guaranteo Trustees. Annual Report (Incorporating the Dlrectorfs Report) (¢onthwdJ Year ended 31 March 2025 Obj•ctlvM and actlvltles Paul's Pla¢e ckniects, as set OLrt in the Articles of As¥oGiati)n are: To relieve the needs of with physical, cognitNe arKI sensory imp8im)ents and their Ca￿1$ in particular. bul not exclusiv8ly. by the provision of education, lrfe-skills, sports, social and recrèth.onal aclivilies. accommodation. tC#Jelher with practKal support and adwe. To meet these objects Paul's Place provides 8 range of support services. Our main s8rvi¢e Paul's Place Daily 1$ the provision of day care that helps support local government in the provision of day carg which is a stalulory duty. This day care 15 funded by loGal authorty or health contracts or spoi purchase. direcl payments or those individually funding. Our projects and semces whlch incluts.. Paul's Placo Dally - runs Monday to Friday {10*m4pm) throughout the year. Based in Coalpf( Health South Gloucestershire, we provide a programme of daily activities that support adults wth physical, cognitive, and sensory Thpaimenls. Paufs Place Social - is our popular evening programme. Throughout the year fortnvJhUy nights out. inckKling trips to the pubs. restaurants, ¢inema, theatre. and bowling to a few. Paul's Place Short Breaks - we ¢fftr our servKe users the opportunity for S days shcwl break holidays throughoul the year In June and September. Paul's Place Boccia - our Bwcia teams are run by disabkd people, with the 8UPPQrt of Paul's Pla sbff. We take our love of the sport into schools and ¢ollege5 and leach students how lo pky. Paufs Placè Carews- wg offer carers the space lo mgke connections with others, get $upport, as well as scme lime out, from caring responsibillies. Our vlslon Our vision is a world that embraces disabilty and in¢lud8s everyone. ensuring that all p￿PIe ¢8n live their lrfe to the full. We achieve this vision by making it our mi88ion to enhance the lives of physical disabled adums, and those with ￿rt￿'ve and sensory impairmnt. supporting them lo Iwe life lo the We ¢*) thi5 through projects and aclmligs that: provtde S￿la1 activities that connect pfjcple. build friendships, and reduce loneliness and isolation. encourage people to develop ne•V skills and tchieve independence. develop opportun￿"e$ for people to improve their hea￿h and wellbeing. Paul's Place (South West Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) (¢onthwrfJ Year ended 31 March 2025 OblectiV8s and actlvltles (eonthwo(0 Our valu•$ are impcrtant lo us. and we ask everyone at Paul'8 Place to'liv8 tyjv these values: Incluslve - we are inclusive and include everyone reeogni8ing that no two P80pl& are Ihe same. We celebrate and promote the dNersty of everyone. encouraglng - wg are encouraging and promote new cpportunities and experl8nces that take p8OP out of their comfort zone. EmpowerirvJ - we are empowering arKI believe that everyone has the right of 'choice and o)nlror when il wm6s to their own lives. Corlng - we are caring in everything that do and ensur8 that everyone 15 tre8led with dynty and re$￿Ct. Frlendly - we are frlendty with everyone and strive to ensure that the￿ is an element ol fun in all that we do. Paul's Place (South West) Company Llmited by Guarantse Trustees. Annual Report (Incorporating th8 Director's Reportl (¢ontlnu8d) Year onded 31 March 2025 Aehievements and performanc¢ A Year of Growth. Connèctlon. and New Horlzons Over the past year, Paul's Place has continl￿d to mthe a meaningful dtfference through our day fxilty-supporting disableil adults to INe lrfe to the full. At the same time, wewe been preparing for an exciting rwi chaptar.. the move to our future home. Paul's Place Hub in Yate. We were delighted lo wel¢¢me Skgn Minervini Thompson as our new Head of Operations, and Sophie Kinsman as our Trusts and Foundations Fundraiser. Their skills and passion have already made a positNe impact. We also said a heartfelt farewell lo Robert Fox. one of our longest-5eNing support wothers, WI￿ retired in Decen*)er after many years of dedicate(I seNice to Ouf members. Creating Opportunltle8 for Connectlon Our Short Break holidays continue to be a much-loved part of our service. giving members the chance lo enjoy time away wrth friends, while offering carers essential time to rest and recharge. Thls year, we ¢yyanised hvo fantastic group trips lo Alveston Hall in Cheshire, one in June and another in September. For those who dklnl travel. our day facikty remained open as usual4nsuring continuous ¢ar8 and 8CtNitiès. We 8180 packed the ¢alendar with day trips that brought new experiences. fresh air, and lols of fvn. Highlights included OLrtings on the Wllow Trust boat, WehvheeL8 sea fishing, Wamley Wheelers, Kew Gardens, Slimbridge W811and Centr4 a local cricket match, f￿hIng trip8, and a vk4ii to th8 Haynes )tor Museum. Our monthly evening pro9rwnme - Paul's Place So¢k*l has brought even more variety and experi8nce$ our memb8rs can enjoy. including a theatre trip lo see Hamilton at the Bristol Hippcérom8, evenings out bowling, pub quiz nights, movie evenings, and lively karaoke sessions at r b8s&. These moments of fun and friendshlp were enjoyed by all who took part. Supporting Heakh, Moblllty and In¢luslon Our sp)rts programme continues lo IhrNe, with our dedic*d Boccia le￿$ training weekty arKI competing in the Super League, Iravelling on weekends to take part In matches and tournaments. The commitment and team spirit shcr•vn ty our pLwyers 18 a￿ayS inspiring. Through our ongoing partnership wrth the Brightsvell Centre, memtors werE also able to access physiotherapy sessrons. helping to improve hea￿h, wellbeing, and mobility. In addrtion, our ollabor*ion wrth the Universty of the West of England continued, wrth students joining us to deliver musi therapy Pl￿£Ments- benefiting 21 mgmbers this y8ai. Impa¢t Report 20￿2025 Thi8 past year has b88n one of growth. resi1￿nce, and 8chievement. W8 are proud to $hare th8 difference we have mad8 in the lives of physically disabled adults, their families, and carers through r seryices, programmes, and communty partnerships. At the heart of our work is dir8Ct support foi drsabled adults. Thi8 year, we regular￿ $upported 70 individuals, ensuring they had access to personalised cafe, opportunities for independen￿. and pathways to achieve their personal g¢)al$. Paul's Place (South West) Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Direclorfs Report) (condnwdl Year ended 31 March 2025 Achlevements and wrforniance (coniiftugd) Tcgelher, we celebrated 172 outcomes achieved 8cr088 our membeTS, ranging from heamh Ynprovemenls and new skills to greater social inclusion and confidence. In addition, 186 new OLrtcomes were identified and set, hel)ing our members look ahead wilh purpose and pc6rtivity. We know th* behind every person we 5UPPOrt, there gre carers and families who also n88d rest and encouragement. This year. we provided Support for 10 earers, offering them short breaks alongside day trips lo eese pressures and gwe them valuable tlme for themselves. Health and welbeing continue to te a cc*nerstone of our proviS￿)n. Over the year. we dglivered: 36 physiotherapy sessths, tailored to improv• mc**llty, ccffifort, and physical confklencé. 27 gym sessions, encouraging strength. stamina. 8nd heatthier living. 71 hours of music therapy. enabling creative expression, relaxation, and emotional wellbeing. 177 sporting sessions. ￿VerIng a wide range of inclusNe activitie5 such a¥ Pi18les, Boccia, Yoga, Archery, and Swimming. 42 sporting members regularty tcd( part. building not onty fftness but also friandships and We believe that life is enriched through shared experien￿8. joy, and x￿181 conne¢lton. This year. V•E provided: 45 hours of evening wial activities beyond our core day service. 21 evening events, ranging from themed socials lo comrnunity gatherings. A total of 1* disabled adults attended these evening programmes, helpiffj to reduce isolalv)n and build Str￿der pew support netwoths. Our gardening club conlinugd lo flourish, with 15 m8mbws iaking part each v￿k-nUrtUrlng not onty plants bul al80 friendships and pride in achievement. Meanwhile, our commitmenl to offering memorable experiences saw us run 584ay trips, attended by 316 participants. These trips gave members the chance lo enjoy new places. part￿ipate in communty Ife. aTrJ create1o$ting memories. The core of our work remain$ our day serV￿e prcty3ramme. which pro*Ades t*)th rolrtine and enrichment lor our mgmbws. Over the year we delNered'. 245 days of day care, ensuring ¢ontinuity and reliability of Support. 5,560 indlvidual sessions of day ¢aie. tailored to meet persongl needs and aspir8t￿nS. 13 individuals also b8nefrtted from short break¥ in 8dd￿On to Ihelr day Gare programme, offering rast, variety, and new experien￿S. Paul's Place (South West) Company Llmitsd by Guarantée Trustees. Annual Report (Incorporating the Directorfs Report) (cortinuédj Year ended 31 March 2025 Achievements and performan¢0 (eontlnu•éJ Voluntsèrlng - The Powor of Giving Time We are deepty grateful for the tlme and deditstion of our volunteers. Vklthout them, mLth of I￿)at 4% do would nol be possible. Volunteers contributed a remarkable 2,920 hours this year. Of this, 2.310 hours were given directly in our day facilty. en3uriThJ membws received Fersonalised $upport. A further 684 hours came from corporate volunteers. strengthening our ti6s with businesses arKI bringing fresh onergy to our programm8S. In lotsl. we were supported by 109 ¢orporate volunteers representsng 12 drfferent organlsalv)ns. Alongsidè them. 47 regular weekly volunteer contributions helped us provide consislenl care, fr*ndship. and support for our members. Plans forlho futuro.. The Paul'$ Place Hub We're incredibty e￿[ted lo have se¢ured the 18ase for our new home - Paul's Place Hub - and are aiming to move in by August 2025. To a¢commod*8 any unforeseen delays in the tefurbi$hment process, we pl?n to retain our ¢urrent premises until September 2025. The estimale¢J cost of the refurbishment signfficantly exceeds our available fijnds, and we are aclNety apptying for capital grants to enab￿ us to complete the project in it5 entirety. Should we be unsuccessful in securing all the required funding. a phased development plan 1$ in ￿ace to prioritisg the essentk?I works ne8ded lo make the building safe and functional for occupation. We're proud to have already secured.. £240.000 from Brddbury Foundation, Hong Kong £200.000 from The Garfield Weston Foundation A pledged £125,(KKI from The Edward Gosling FouThJalion Thi5 SUPPOrt is g I￿tastIC and a strong foundation for thè firture. lle continued to work on increasing our fuTrJraising irKome by hosting events and encouraging communty groups and other supporters to raise funds on our behalf. Notsbty we lrialled a new event, Jail and Bail, which raised £6369, aiong$ide our yeaty Mediumship night and Easterlchrislmas rafflas. We receNed donations frcrtn NFU Mutual Thombury, Franwton Cotterell Munyrers Gr￿p, 8inW LTD to name a few as well as securing grants from Medlock Charity Trust, Quartet Found*"on, John James Bristol Foundation, Yale Town Council, Bruce Wake Trust, Boshier-Hinton Foundation, Denman Charitable Trust and varM)us parish councls. As a resu￿ of our ongoing ￿Xa1 press coverage and support, we were chosen by the Postcode Lottwy to weive a donation of £75,000. We held a staff fundraising day with Lloyds TSB 8nd started a partnership wlh Davmj Lloyd Eff*rsons Green in March (where they raised neady £4800 in the flrsl monthl. Paul's Place (South West) Company Limlted by Guarantee Trustees. Annual Report {Incorporating the Dlractorfs Report) {con&nu¢d) Year ended 31 March 2025 A¢hlevem8nts and p•rfom)ance (conthiu As we reflect on 2024-2025. the numbers tell an important 8tory-but tehind every fvJure is a person, a famity, and a communty th81 has been positivety impacted. Together, we have created opportunlties for grtrmh, frie1￿ship. and independence. Th8 coming year brings new challenges. bul also new opportunities. Wrth the continued dedication of our staff, volunteers, members, and supporters. we are ¢onfident that we will keep building on thi8 year's achievements to make an even greater impact. The ffir5t year in our new W￿r￿se$ will be a period of settling in. du(6ng vthich we will begin to develop row services and opportunf(ies ft)r both existing and new membgrs. One of our exciting plan8 is to launch a communty café. wh￿b will be run in partnership with our members and serve as a wethming space for local r8sNJents. Looking ahead, we also plan to make parts of our new facilty available for community hire-whelher for classes, woth$hcps. ￿ prbvate evenls-fvrther embeddin9 Paul's Plxe Hub into the heart of the local Gommunty. Paul'8 Place Hub will be n￿re Ihan just a buildlng-11 will t* a pl￿ where people come together, where everyc￿e is valued. and where inclusion and Gommunty tru￿ ¢c*w lo I￿0. Paul's Place (South West) Company Llmited by Guarantse Trustees. Annual Report {Incorporatlng the Dlrector's Reportl (¢onthwtt) Year ended 31 March 2025 Financlal revlw end of thè year financial position resuhed in a surplus. There a numtfjr of 8reas contrlbuling to this including vacancies across the organisation and the time it takes to r￿T￿rt. A full cost analysis review was Carried out for the day facility and new increased day rates were agreed which also nlributed to the increase. The unrestricted surplu$ of £30,265 has been xhieved after charging an exceptional depreciation charge of £64.511 in respe¢t of our current long ￿SehOld premise5. We purchased our new long leasehold premises in Yate, Bristol (the old Shire Way Centrel in September 2024, al which time a deed of surrender was signed on our current long leasehold premises. and which provided a tsvelve month notice peric￿. As a resuh of this event, the length of the current long leasehold asset's useful econom￿ bfe i8 reduced to the dale of surrendei, namely September 2025. and the net book value of this asset on 1 April 2023 of £219,336 is being dgpreciatethu841 Year ended 31 March 2025 Investmont Pollcy We aim to generate sustsNwble retums Ihat allow us to achieve our charitable obJ"8Ctrves whi protècting the capf(al value of our investsmenls. All funds surplu$ to short-temi worting capital needs are placed invested. We seek to achieve our investmènt goals through a mix of investments having a diversified portfolio of investments that suit our needs. We continualty reviewed how we manage our investments and currenlly our investments remawi wilh Epworth on 8 cash account system with our main investment portlolio wrth Canaccord Genuity. managed on cwr behaff by Oculus Wealth. We meet Oeulus Weatth every six rnonths to ensure that the portfolio is still rebvant to our needs. We have cash funds available to continue financing the refutbishmenl of our capital projecl (Paul's Place Hub) The investment portfolio ￿11 be relaingj. albert reduced to allcw the move to premises and growth of the chanty in the kingar term. Remuneratlon policy All employee remuneration is decided on by the Board of Trust8es as part of the annual budget forecasting program. This is achieved by external benchma￿1n9 against other similar roles within the geographical area we operate. This ensures that the Board are able to offer remuneratlon, whi¢h is eompetilive. fair and increas8s in line wf(h the localty and field we work we operate wf(hin. This is all subject lo the finanGial heatth of the charty, the charity also aims to offer • standard Cost of Living increa59 each year. Going Conc•rn The Injstees are assured {have a reasonable expeclalK)n) that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopl the going concern basis in preparing the financial statements. Further delails regarding the adoption of the going corKem basis can be fouTrJ in oui PL4icies. Tru8to0s' r￿ponSibIlItI9$ $tatem•n¢ The trustees, who are also dirertor5 for the purposes of company law, are responsible for preparing the trustees, report and the finaneial statements in accordancé wrth applicable law and United Kingdom Accounting Standards (United Kingdom Generally A￿pted Accounting Practice). Company law requires the charity truslges to prepaTa ffftanck91 statements for each year whKh gNe a true and fair view of the $t*e of affairs of the charitable company and incoming resouTCrt and plicatK)n of resources, including the income and expenditure. for that period. In preparing these financk81 statements. the trustee$ are required to.. select ¥ui18bfe accounting polici9s and then appty Ihem consislentty.. obseNe Ihg methed8 and princlples in the wplicable Charitiè8 SORP; makejudgments and accoUn￿ng estimates are reaXjnab￿ and prudent: prepare the financi￿ statement$ the wing concern b8sr& unbss it is inapproprk* to presume that the charity will Continue in business. 10 Paul's Place (South West) Company Limited by Guarants• Trustees, Annual Report Ilncorporating the Directorfs Report) (¢tyJthuedJ Year ended 31 March 2025 The trustees are responsible for keeplng adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy 81 any tim8 the financial p)sition of the charity and enable them lo ensure that the financial statements cornp￿ with the Companies Act 2006. They are also responsible for safeguardiro the assets of the charty and hence for taktNJ reasonable steps for the prevention and detection of fraud and othw irregularitiès. Auditor Each of the persons is a Iru$lee at the date of approval of this rewl conf1m￿ that. 80 lar as they are aware, there is no relevant audit informat*)n of which the charf(y's auditor is unaware.. and they have taken all Steps that they ought to have taken as a trustee lo make themselve5 aware of any relevant audrt infonmation and lo estsblish that the charity's auditor is awar8 of that information. Small company provision8 This report has been prepared in accordance wtth the provisions applicable lo companies entitled to the small ccffipanies exernption. The trustees, annual reF4)rt was approved on ........ trus . aNJ signed on behaw of the board of Steven Terry HcMell¥ Trustee Paul's Place (South West) Company Limited by Guarantee Independent Auditorfs Report to the Members of Paul's Place (South West) Year ended 31 March 2025 Oplniofft We have audited the fin8ncl81 ststemenls of Paul's Pl* Isouth Westl lthe 'ch8rty'l for the year ended 31 March 2025 whi¢h comprise the statement of financial aelivities {including income and expenditure account), statement of financkal posi(ion, slalement of cash flows and Ihe rel8t8d notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and Unrt8d Kingdom Accounting Standards. *icluding FRS 102 The Financial Reporting Standard applicabb in the UK and Republic of Ireland (United Kingdom Generally Awepled Accountlng PractiGel. In our opinion ts financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and applution of restyjrces. includiig its inoome and e>widiture, for the year then ended. have been properly prepared in accordance with United Kingdcm Generally Accepted Accounting Praciice; have been prepared in ￿ance with the wulremgnt5 ofthe Companies Act 2006. Basls for opinion We conducted our audit in accordance with Inlemational Standards on AudTtin9 (UK) {ISAs IUKII and applicable law. Our re5ponsibililies under those standarijs are further described in the audrtorfs respon$ibilf(ies for the audit of the financial statements seclion of our report. We are independ8nt of Ihe charrty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have ftjlfilled our other eth￿31 responsibilities in accordance wrth these requirements. We believe that the audit evidence we have obtained is Sufficient and appropriate to provide a basis for our opinion. ConGlu8lons relatlng to golng Goncom In auditing the financial Statements, we have concluded Ihal the trustees. use of the going concern basis of accounting in the preparation of the financral statements is appropriate. Based on the worf( we have perfomied, we have not Klgntrfied any material uncertalnlies relating to events or conditions that, individually or collectively, may cast signtficanl doubt on the charity's ability to continue as a going ¢oncern for a period of al least tsvetve months from when the financial State￿nts are alrthorised for issue. Our responstJlllUes and the responsbiliti8s of the trustees y￿th respect to going ¢oncem are described in the relevant s¢ctions of this report. 12 Paul's Place (South West) Company Llmited by Guarantee Independent Audltovs Report to the Members of Paul's Place (South West) Year ended 31 March 2025 Other Informffttlon The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report Ihereon. The trustees are responsible for the other infomiation. Our opinion on the financrdl 5talements does not COV8r the other informatvjn and, except to the extent otherwise explicilty stated in our report, w8 do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial Slalements, our reswnsibilty 15 to read the other wiformati)n and, in doing so, consider whether the other information is materialty inconsistent with the financial statements or our kn￿18dge obtained in the audit or otherwise appoar$ to be materially misstated. If we ￿enIty such material inconsistencies or apparent material misstatements, we are required to delemiine whether there is a material misstatement in the financial statements or a n*lerial misstatement of the other infomiation. If, based on the work we have perfomied, we ccfflclLKle that there is a material misstalemont of this other information. we a￿ required tr) report that fact. We have n¢)thing to report in this ward. Opinions on other matters pre8crlb¢d by the COm￿nI8$ Act 2006 In OUT opinion, based on the work undertaken In th& course of the audrt- the infomalKJn glven in the trustees, report for the financial year for wh￿h the financial statements are prepared is consistent wrth the financial statements.. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we arn r￿uIred to report by excgptlon In the light of the knowledge and undetstsnding of the charity and its environment obtained in the ourse of the aLvJit, we have not identified material misstatements in the trustees, report. We have nothing lo report in respect of the following matters in relalK)n to whKh Ihe Companie5 Act 20C6 requires us to report to you if, in our opinion.. adequ* accounting records have not been kept, or returns adequate for our audr( hav8 not b8en received from branches not visited by us., or the financial statements are not in agreement wilh tho accounting recorris and relums., or certain disGl0sures of tru$180s' remuneration specfvd by law are not made: or we have not recewed all the inf0M￿li0n and explanations we require for our audit., or the trustees were not enlilled to prepare the financial statements in &cordan¢e w6th the small companies regime and take advantage of the small corr¢)anies' axemptions in preparing the dir8clors' report and from the requirement to preparo a Strateg￿ report. 13 Paul's Place {South West) Company Limited by Guarantee Independent Auditorfs Report to the Members of Paul's Place (South West (conllnb¥O) Year ended 31 March 2025 Responslbllhleg of trusl6es AS explained more fully n the trustees. responsibilities statement, the trustees I￿0 are a180 the dreclors for the purposes of company law) are responsib￿ for th& preparation of the financial statements and for being satisfied that they give a true and fair vthv, and for such intemal control as the trustees delemiin8 is necessary to enable the preparation of financial statements that we freg from material mi$statemenl, whether due lo fraud or error. In preparing the financlal slalements, the tTUSte8s are responsib￿ fc* assessing the clwws abilty lo continue a5 a going Concern, disdosing, as applKable, matters related lo going concern and using the going Concern basis of accounting unless the trustees ef(her inlend to liquidalfj the chatty or to cease operations. or have no realistic attemalwe bul lo do so. Auditorfs Mpon$lbllltles lor the audlt of the flnanclal statements Our objectives are lo obtain reasonable assurance abo￿ whether the fingnckg18tstements as a whole are free from material misslatem&nl, whether due to fraud or error, and lo issue an audf(orf$ report Ihal w￿ludeS our ¢Jpinion. R8asonable assurance 18 8 high level of assurance, but is not a guarantee th81 an audit conducted in accordance with ISAS IUK) will a￿ayS detect a material misslatemenl when it exis18. Misststemenls can arise from fraud or error and are ¢onsiderod material rf. indNidualty or in the aggregate, they coukl reasonabty be expected lo infiuence the econorn￿ decisions of users taken on the basis of these financial statements. Irregularities. indudirg fraud, are instances of Tr)nacowyli8nce with laws and regulations. W8 design procedures in line with our responsibilities. outlined above, lo detect material misstatements in respect irregularrties, including fraud. The extent to which our procedures are capable of ¢Jetecting regularities, including fraud is detaiked below.. By enquiring with s*)ior man4ement and those charged with govern￿8 all area of risk tdenlifi'ed were considered and any potential litigation or claim, if any, ￿re noted Ensuring by enquiry that there were no i$sue5 of non Ironll*>u Year ended 31 March 2025 We communic8te with those charged with g0￿ManCe regaTding, among other matter5. the planned scope and timing of the audii and signrficant audit findings, including any $1gnrf￿anI deficiencies in intemal control that we identify during our audtt. Use of our roport This rèport is made solety to the charty's members, as a body, in accor(lance wrth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charriy's members those matters we are required to state to them in an audilorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty lo anyone other than the charty an¢J the charity'5 membeTs as a body, for our audit work, this report, or for the opinions we have fonnad. Jonathan Rhryjes Bsc BFP FCA (sen￿ StstLTrtory Audiiorl For and on behaw of Waher Hunter & Co Limited Chartered accountsnts & statutory auditor 24 Bridge Stfeel Newport South Wales NP20 4SF 16 Paul's Placo (South West) Company Limited by Guarantse stst8ment of Financial Activities lincluding income and expendlture account) Year ended 31 March 2025 2025 Restricted funds Totsl funds Totsl funds 2024 Unrestricted funds Income and endovmieni3 Donations and legacies Exceptional Income Charitable xlmlies other trading activities Investment Inco￿ 86,195 55.915 440.000 25,732 122,110 440.OfrJ 615,807 19,729 23,163 1,220,809 590,075 19,729 23,163 699.162 699,752 9,286 38,253 813.855 Total incomé 521,647 Expgnditure Expendrture on raising funds.. Investment management c081s Expenditure on ch8ritsble activitie5 Total expendlture 9,926 689,003 9,926 751,386 761.312 9,260 830.016 839,276 10.11 62,383 62,383 698.929 Net gains on investments 13 30,032 30,032 29.297 Net Income and not movement In funds 30,265 459,264 489,S29 3,876 Rgconclllatlon of fundg Total funds brought fo￿rd Total fund$ ¢arrled forward 1,827.757 1,858,022 63,455 522,719 1,891.212 2,380,741 1.887,336 1.891,212 The statement of financial actMli8s includes all gains and losses rewnlsed in the year. All income and expendf(ure derive frcm continuing aclivrties. Th• not•8 on p•gg8 20 to 40 fomi p4rt of these flnanclal 8tatem*nts. 17 Paul's Place (South West) Company Llmited by Guarantee Statement of Flnancial Position 31 March 2025 2025 2024 Flxed assets Tangible fixed assets Inveslm8nl$ 19 1.007,362 838,049 1.845,411 .592 815,342 1.198,934 Current assets Debtors Cash al bank and in hand 21 484,936 243,321 728.257 $2.911 s￿.916 743,827 Credltors: amounts falling due within one year Net current assets 192.927 51.549 535.330 692,278 1,891.212 1.891,212 Total aB80ts l•ss current Ilabilities 2,380,741 2.380,741 Not assots Funds of the charlty Restricted funds Unrestricted funds 522,719 1,858,022 2.380.741 63.455 1,827.757 1,891,212 Totsl charity fund$ Tlwe ffin8ncial Statements have been prepared in ￿C￿lanCe with the prowsi)n$ applicabke to companies SLtbiecl to the small companies, regime. These financi81 Blalemenls V•Ere approved by the board of truslees and aLthorised for issue 1.1.1.1tsI.2.s, and are signed on behatf of the board by.. Steven Tery Howells Trn8te8 The notss on page8 20 to 40 fo￿ part of th08• flnan¢lal 8latom•nts. 18 Paul's Place (South West) Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from opwatlng actrviti Net income 489.529 3,876 Adjustments for. Depreciation of tangible fixed assets Net gains on investments DNidend5, intèrest and rents from investments Other interest receivable and similar income Interest payable and similar charges Accrued expenses 72.286 130,0321 12.6011 120,5621 1,001 2.663 167,426 (29,2971 (29.5961 18.65n 1,010 3,337 Changes in.. Trade and other debto Trade and olher creditors 1432,025) 138.715 218.974 18,274 S88 Ca$h generated from cperabons 126,981 Interesl paid Interest receNed 11,001) 20,562 238,535 (1.010) 8,657 134.608 Nel cash from operaling activilies Cash flows from Investing activltles Dmdends, inter8St and rents frcm investments Purchase of tangible *￿ts Pioceeds from sale of other inveslmants 2.601 16S6,0561 7.325 29,596 17,096) 120,3361 2,164 Nel cash (used in)fft￿n investing activit 1686.1301 IdecreaseylnGroase In and cash equbvalents Cash and cash equivalènts at beginning of year Cash and cash oquivalents at #nd of y￿r 1447.5951 690,916 243,321 136.772 554.144 6SXI,916 The notss on paggs 20 to 40 forni part of th•8• flnancial ¥tatsments. 19 Paul's Place {South West Company Llmited by Guarantse Notes to tho Financial Statements Year ended 31 March 2025 G•n•Tal Inlomiatlon The charty is a public benefft entty aTrJ a private conwany limited by guarantee. registered in Engbnd and Wales and a registered charity in England and Wales. The addres8 of registered off￿e is Serridge ￿8, Coalpil He*h, Bristol. BS36 2Th. Statement of compllance These fin8ncral stslement5 havè been prepared in complk8nce with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the St*ement of Recomm8nded Practice applicab￿ to charitie8 preparing their accounts in accordance with the Financial Reporting Standard 8pplicable in the UK and Republic of IreL4nd (FRS 1021 ICharitEs SORP {FRS 10211 and the CoMpan￿S Act 2006. Accounling policies Ba818 of prèparatlon The financial statements have been prepared on the historical cost basis, as modrfied by the reValUat￿)n of certain financial assets and liabilities and investment propertie5 measured at fair value through income or eypenditura. The financial $tatements are prepared in steding, which is the functional currency of the entty. Golng concern There * no m8terial urKertainti8s about the charitys abilly to continue. Judgem•nts and key sources ol estlmauon uncertainty The preparation of the financial statements requires management lo make judgements, estimates and assumptrons that affect the amounts raported. These estimates and judgements are continually revEwed and are based on experience and other factors, inciuding eXp￿￿t￿$ of future events that are believed to be reasonable under the circumstances. Fund accounting un￿strICted funds are availabb for use al the discretion of Ihe trLtstee$ to further any of the charity's purposes. Designated fundg are unrestrfcted funds eamiarked by the Iruslees for particular future projact or eommitm&nt. Restricted funds are subjected to ￿trictiOnS on th￿r expenditure declared by the de￿Or or through the temis of on aFveal. and fall into ong of two sub-dasses.. reslricied income fuTrJ$ or endowment funds. Paul's Place (South West) Company Limited by Guarantse Notes to the Financial Stat•ments (¢0ntInt￿ts) Year ended 31 March 2025 Accounting pollclo8 (¢tsttllnu¢dJ Incoming resourc08 All incoming resources are included in the slalement of financtral actNities wh8n entillemenl has passed to the charity,. il is probable that the economic benefts associated with the transaction will flow to the charity and the amount can be reliab￿ measured. The Idlowing specrfic policies are applied lo particular categories of income.. income frc*n donations or gr8nls is recognised when there is ewdenca of entitbment lo the grfl, receipt is probable and ils amount can be measured rgliably. iegacy ¥icome 1$ recognised when receipt is probable and entillemenl is established. income from donated good8 is measured at the fair value of the goods unless this 15 iMpract￿al lo measure reliably, in which case the valu8 is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when receNeil if the value can be reliably measured. No amounts are included for the contribution of gener81 volunteer8. Income frryn contracts for the supply of services is reeognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for il lo be spent on a Part￿ulaT purpose and retumed if unspent. in whKh ease it may be reg8rded as restricted. ResouTCeS exp?nded Expendiiure is recognised on an accrua15 basis as a liability is inGurred. Expenditurè includes any VAT which cannot be fulty recovered, arKI Is classffied under h8adings of the statement of financial actmlies to which it relates.. expendrture on raising funds includes the costs of all furKlraislng activiii&s, everts, non4haritable trading activits'es, and the sale of donated goods. expendftuft on ¢haritsble activrtl8s Indudgs all costs incurrod by a ch8rty in undertaking activit*s that furthar ils charitable aims for th8 benefrt of rts beneficiaries. including those 8UPPQrt costs and costs relating to th8 governan￿ of the charity gpportioned to charitable 8CtivilvJs. other expenditure includes all expenditure that is neither related to raising fvnds for the charity nor part of its expen(lilure on tharitable activrties. All costs are allocated lo expendf(ure categories refknting the u$e of the r8source. Direct costs attributab￿ to a single actNty are allocated directly to that activity. Shared costs are apportioned betsveen the aclNities they contribute lo on a reasonable, justifiable and consistent basis. Operatlng leases Lease payments are ￿e*j￿ised as an experkse over th8 lease tsrm on a straight-line basis. The aggregate benefit of lease incgnlives is reccgnised as a reduCt￿n to expanse over the lea8e term, on 8 slraighl-line basis. 21 Paul's Place (South West) Company Limited by Guarants• Notss to the Financlal Statements Iconllnu6dJ Year ended 31 March 2025 Atcountlng policie8 l¢onthiuedJ Tangibl•a￿ts Tangible assets are initialw recorded at cost, 8ubsequent￿ slated at cosl less any accumulated depreciation and impairment losses. Any tangibk assets ￿rfted at revalued amounts are recorded al the fair value al the date of revaluation less any subsequent accumulated deprecwdlion and subsequent a¢cumulateO impaim*nl losses. An increase in the carying amount of an asset as ¥ result of a rev8lualion, is recoJnBed in other rec¢)Jnised gains and losses, un￿SS f( reverses a charge for impaimient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amunt of an asset as a resuw of revalualton, is recognised in other recognised gains and losses. except lo which it offsets any previous revaluation gain, in wh￿h case the loss is slb)wn within other recognised goin$ losses on the stalement of financial activi(ies. thpreclation Depreciation is calculated so as lo write off the cost or valuation of an asset, 18s5 its residual value, over the useful economic lrfe of th* asset as follows.. Freehohj property Lea5ehofd propety 2% straight line p.a. To the expected month of surrender of the lea September 2025. 25% straight line p.a. 200A straight line p.a. Fixtures and ffittir#Js Motor V8h￿leS Invethnts Unlisted equity investments a￿ inf(181ty racorded at cost, and subsequentty measured al fair value. If fair valug ¢annol be r@Itably measured, assels are measured at cost less impaimenl. Llsled investments are measured at fair value charoes in fair value being recognised in income or expenditure. 22 Paul's Place (South West) Company Limitsd by Guarantee Notss to the Financial Statemants 1¢ondnuo Year ended 31 March 2025 A¢¢ounllng polklos (conllftt*d) Impalrnignt of fixed ass•ts A review for indulors of Iryal￿enI Is carried out at e*h reportiThJ dale. with Ihe recoverable amount being estimated where such ind￿atOrS exist. Where the carrying value exceeds the recoverable amount, the as5el is impair8d accordingly. Prior impaimienls are also reviewed for Possible reversal at each ￿porting date. For the purposes of iry8iment lesling, when It is nc* Possib￿ to 8slirAte the recover8ble amount of an individual asset, an estimate 1$ made of the reCO￿rable amount of the cash-generaling unit lo which the asset belongs. The cash-generating unit is the smallest Identffiable group of assets that includ8S the asset and generates cash infl¢)ws thal largely Independent of the cash infiowa from othei assets or groups of assets. For impairnent 18Sting of gcx)dwill. the gcthlill aequired in a business combination 1$. from the acquisition date, alloGated lo each of the cash-generaling units that are expected lo ￿n&frt from the synergie$ of the combination. irrespeclrve of whether other as$et8 or liabilities of the charity are assigngd to those unts. Flnan¢lal Instrumonts A financial asset or a financial liabilty is recognised onty the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initialty recognised * the amount ￿1Vab￿ or payable including any related transaction wsls. Currert assets and CU￿ent Ilabililies are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at arnortised cost. VVh9re investments in shares are PUbl￿ty tr8ded or their fair value can otherwise be measured reliably, the investment 1$ subsequentty measured al fair value with changes in fair value recognised in inc¢)me and expènditure. All other Such investrnenls are SUbsequ￿tIY measured at cost less impairment. other financial instruments, lic1￿JIng derivatives, are inkn'alty rewgni8ed at fair val￿, unless payment foi an asset is deferred beyond nomial business terns or financed at a rate of interest that is not a market rate, in which case the asset bs measured al the present value of the future payments discotjnted al a market rate of interest for a similar debt instrument. 23 Paul's Place (South West) Company Limited by Guarantee Notes to the Financial Statements leo￿¢1￿￿¥￿j Year endod 31 March 2025 AGGQUrttlng policlos {conthwdJ Financlal instruments Other financral instruments are subsequently measured at fair value, wlh any changes recognised in the statement of financi81 activities, with the exception of hedging instruments in a designated hedging ￿ationship. Financial assets that are measured at cost or amortised cost are reviewed for objectNe eviden of impaimient al the end of each reporbng date. If there is objective evidence of impaiment, an impaimient loss is reC￿niSed under the appropriate heading in the ststement of financial actNilie8 In which the inrtial gain was reeogniseil. For all equty instruments reg8rd18ss of signrficance. and other financial assets that are Indmdually $ignfficant, these are asse5S8d ￿dIvidually for impaimEnl. Other financial assets are either assassed individually or grouped crt the basis of similar Cfedf( risk charxterislics. Ary ￿Ver8818 of impalmient are reCvgn￿ed immodiately, to the extent that the reversal does nc re$utt In a carrying amount of the financial a5sel that exceeds what the cgrrying amount woulj ave been had the impaim)enl not previously been recognised. Defined c￿trIbUtIOn plans Contributions to defined contributK•n plans are r¢¢ogntsed as an expense in thè period in Nvhich the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in ftrture payments or 8 cash refund. Limlted by guarantee The chaity is inwrporated undér the c￿PanieS Act 2006 and ts limited by guarantee, each member having to conlnbute such amounts not exceeding £7,50 as may be requI￿d in th8 evènt of the company being wound up whilst they are still a mwrthr orwithin one year thereafter. Nun*er of members of the charity as 8131 March 2025 is 6 {2024.' 61. 24 Paul's Place (South West) Company Limitsd by Guarantee Notes to the Financial Ststements (¢Ottllnu#dJ Year ended 31 March 2025 Donatlons and legac166 Unre$lricted Funds Restncted Total Funds Funds 2025 Donatlons Donation$ Paul's Place Hub 29,541 29,541 7,214 7.214 Grants Grant5 ￿CeiVable Downend Round Table South G105 re Carers Together Fund Paul's Place at Home Rotary Grant Aviva Grant MAF Grant National Grid Communty Grant John James Bristol Foundation Bitton Parish Council Boshier-Hinton Foundation Downend & Bromley Heath Parish Council Emersons Green Town Council Medlock Charitable Trust Vveslerleigh and Coalpit Heath Parish Council Winterbourne Parish COU￿11 GIDbal'5 Make Some Noise Quartet Communty Foundation 36,654 36,654 2.000 2,057 2,000 2,057 5,000 4,800 5,000 4,800 6.770 300 1.500 500 650 2,000 1.000 624 16.500 S,CQO 6,770 300 1,500 500 650 2,CQO 1,000 624 16,500 5,C¥)O Exceptlonal incom• Garfield Weston Br&Jbury Foundation, Hong Kong 200.000 240.000 200,000 240,000 562,110 66,195 495,915 25 Paul's Place (South West) Company Limlted by Guarantse Notes to the Financlal Statements (¢wUnu• Year ended 31 March 2025 Donatlons and legaclo5 (¢•tttlnu80) Unrestrict& Funds Restricted Total Funds Funds 2024 Donallons Donations Paul's Place Hub 44,989 44,969 Grants Grants receivable Downend Round Tab South Glos re Carers Together Fund Paul's Place at Home Rol8ry Grant Aviva Grant Garfield Weston MAF Grant Br8dbury Found8llon, Hong Kong National Grid Communty Grant John James Bristol Foundation Brtton Parish Council Boshi8r-Hinton Foundation Downend & Bromley Heath Parish Coun¢61 Emersons Green Town Council Medlock charitab￿ Trust Westerleigh and Coalpit H8ath Parish Council Wnterbourne Parish COU￿11 Global's Make Some Noise Quartet Communty Foundation 1,ODO 1,000 1,234 8.229 549 5,000 1.234 8.229 5.000 4.886 697 4,886 697 45,969 20.595 66,564 Charitable actlviti•s Unrestr￿ted Fund$ Restricted Tolal Fund5 Funds 2025 Day Care Facilty Social Housing incc*ne Memberships South Glos Disabilty Equality Ne￿Ork Short 8reaklRespile 588,045 1,697 333 588.04S 1,697 333 14.407 11,325 615,807 14,407 11,325 25,732 590.075 Paul's Place (South West) Company Limitsd by Guarantee Notes to the Financial Statements (¢onURU8 Year ended 31 March 2025 Charitable a¢li¥ltles (¢oftlin￿? Unrestr￿ed Funds Restricted Total Funds Funds 2024 Day Car& Facilrty Social Housing income Memberships South Glos Disabilty Equalty Nelwork Short Bre*JRespite 670,081 6.487 342 670.081 6,487 342 4.051 18.791 4,051 18,791 695.701 4.051 699,752 Oth&r tradlng actlvlties Un￿strICted Total Funds Unre51ricted Tot81 Funds Funds 2025 Funds 2024 Fundraising events Other income 8,004 11,725 19,729 8.004 11.725 9,286 9.286 19,729 9,286 9.286 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from cash investments Bank interest receivable 2,601 20,562 23,163 2,601 20,562 29,596 8,657 38.253 29.596 8.657 38,253 23.163 Investment managemont Costs Un￿strICted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Portfolio management 9.926 9,926 9,260 27 Paul's Place (South West) Company Llmited by Guarantse Notes to the Financial Statements {conthu¢d) Year ended 31 March 2025 10. Exp•ndlture on charltsble activities by fund type Unrestricted Funds Restricted Total Funds Funds 202S General Funds National Grid Communty Grant BOCCLA Team Downend Round Tab In Memory of Annie Powell Glob81's Make Some Noksa John James Bristol Foundation Lennox Hannay Paul's Place at Home Rotary Grant Paul's P18ce Hub Quartet- Advisory Quartet Community Foundation South Glos Disabilty Equality Netsvork Short BreakJRespite South Glos Carers Together Fund Warburtons Communrty Grant Bitton Parish C(AJncil Boshiar-Hinton Foundation Downend & 8romley Heath Parish Coun¢il Emersons Green Town Council Medlock Charitable Trust Weslerleigh and Coalpit Heath Parish Council Winlerbourne Parish CouKil Support o)sts 580.046 580,046 2,000 2,￿0 11.103 5.957 11,103 5,957 4.166 4,156 4.626 11,770 11,325 2,057 4.626 11,770 11,325 2,057 300 1,500 500 850 2.000 1.000 624 2.815 62,383 300 1,500 500 650 2,000 1,000 624 111.772 751.386 108,957 689,003 Unrestricted Funds Restricted Totsl Funds Funds 2024 General Funds National Grid Comwwnty Gr8nt BOCCIA Team Downend Round Tab In Memory ofAnnle Powell Global's Make Some Noise John James Bristol Foundation Lennox Hannay Paul's Place al Home Rotary Grant Paul's Place Hub Quartet- Advisory Quartet Community FouThSation Solrth Glos Disabilty Equalty Nthork Short BreaklRespile South Glos Carer5 Together Fund 720.852 720.852 4,886 143 1,234 300 4,886 143 1,234 300 1,501 909 200 1,501 909 200 4,722 4,722 4,371 4,371 9,683 4,999 9,683 4,999 Paul's Place (South West) Company Limlted by Guarantee Notes to the Financlal Ststsmonts Year ended 31 March 2025 10. Expendlture on charltable activiti08 by fund type (conlinyed) Warburtons Community Grant Bitton Parksh Council Boshier-Hinton Foundation Downend & Bromley Heath Parish Council Emersons Green Town Council Medlock Charitable Trust Weslerfeigh and Coalpf( He8th P8rish Council ntsrboume Parish CounGil Support costs 400 4Crt) 71.573 792,425 4.243 75,816 37,591 830,01e Exponditure on Gh•rilable activiti•s Unrestricted Funds Restr￿ted Totsl funds Totsl funds Funds 2025 2024 Day Care Facilty Project costs South Glos Disabilty Equality NO￿Ork Short BreaklRespile Support costs Deprecialv)n of Leasehold PRmises 580,046 23.313 13.160 11,770 11,325 2,81 S 603,359 13.160 11.770 11.325 47.261 64,511 751,386 597,130 44,446 64,511 689,003 75,816 149,201 62.383 822,147 11. Expenditure on charltable activit10s by activity typ• Activityés undertaken direclty Supwrt costs Total fvnds 2025 Tt)tal fund 2024 General Funds National Grid Communty Grant BOCCIA Team Downend Round Table In Memory of Annie Powell Global's Make Some Noise John James Bristol Foundation Leeds Building Society Lennox Hannay Paul's Place at Home Rotsry Grant Paul's Place Hub Quartet- Advisory auartel Community Foundali)n South Glos Dksabilily Equality Nefvnrk Short BreakJRespite South Glos CareTS Together Fund Warburton¥ Community Grant Bitton Parish Council 580.046 102,388 682,434 788,333 4,886 143 1,234 300 2.000 2,000 11.103 5.957 27 11.130 5.957 1.501 750 909 2C4) 4.156 4.156 8.21 S 4,626 11,770 11,325 2,057 4.626 14,558 11.325 2.057 2.788 4.371 9,683 4.999 400 300 300 Paul's Place (South West) Company LimEted by Guarantee Notes to the Financial Statements (conhpue Year ended 31 March 2025 11. Expendltur• on charltablg actlvlties by actlvity type (cortinu¢dJ Bo¥hier-Hinlon Foundation 1,500 Downend & Bromley Healh Parish Council Emersons Green Town Council Medl¢xk Charitable Trust Westerlebgh and Coalpil Heath Parksh Coun¢il nlerbourne Parish Council Governants costs 1,500 500 650 2,000 500 650 1.000 624 1,000 624 6,569 751,386 6,569 4,092 639,614 111,772 830,016 12. Analysls of sUPPOrt ¢osts Anatysis of support costs Total 2025 Total 2024 14,047 21.194 4,651 4,092 1.751 3,008 8,848 18.225 75,816 Communications and IT General ¢)ffrce Human resour¢es Govemance costs other support costs Legal & pn)fessional fees Insurance Deprecialwjn 5,653 12.730 6,134 6,569 5,653 12,730 6.134 6,569 1,841 6,559 72,286 111,7n 1,841 6,559 72,286 111,772 13. Net galn$ on Investrnonts Unrestrit8d Tolal Funds Unrestricted Total Funds Fund5 2025 Funds 2024 Gainslllosses) on listed investmènt8 30,032 30.032 29,297 29,297 14. Net Incon Net income is staled after chargingllcrediling)". 202S 2024 Depre¢iation of tangiblo r￿ed assets 72,286 167,426 15. Audltors remunerntion 2025 2024 Fees payable for the audii of the financial Statements 8,000 Paul's Place (South West) Company Limited by Guarantee Notos to Ihe Financial Statements {conthu*dJ Year ènded 31 March 2025 16. Indopendent examinatlon fees 2025 2024 Fees payable lo the independ8nt examiner for.. Independent examination of the financial slalements 3.336 17. Staff ¢￿ts The lotd staff costs employoe beneffts for the r￿)￿ing period are analysed as folbws". 2025 2024 Wage8 and salaries Socval Security costs Empbyér contributitjns to pensDn plans 439,133 30,401 14,4￿) 424,83S 29,636 12,939 467.410 483,934 The average head count of employees during the year was 2012024.. 21). The avewe number of full-time equNalent employees during the year 1$ anatysed as follows.. 2025 2024 No. No. Direct charrtable work Adminislralion 12 13 16 17 The number of emptyees whose remuneration for the year fell withwi the foll0Y￿ng band8. were.. 2025 2024 No. No. £60,¢M) to £69.999 Key Management Personnel Th8 key management personnel of the charity Comprise the ChÈf ExecutNe ofricer. the Finan Manager. the Fundrais5ng Manager, the Safeguarding Manager and the Operations Manager. Their combined employee benefits total £180.97712024 - £178,294). 18. Trnstse rernuneratlon and eX￿nseS No remuneralton or olher benefits from empbyment with the charity or a related entty were received by the Iruslees {2024.. Nil>. No tru$lee expenses have treen incurred12024.. Nil). 31 Paul's Place (South West) Company Limited by Guarantee Notes to the Flnancial Ststem•nts (cMNnwdJ Year ended 31 March 2025 19. Tanglble flxed ass•ts D8velopment of long sehold pr¢Vty Long Freghold leasehold Fixbjres and piopety property frttings Motcf vehicles Cost Al 1 Apr 2024 Additions 370,000 281,200 27.379 14.000 7,096 699.67S 696,056 696,0 703,152 1,395.731 At 31 Mar 2025 370.000 281,200 27.379 14.000 Depreciation Al 1 Apr 2024 Charge for the 58,390 216,689 27.004 14.000 316,083 7.400 64,511 281,200 375 72.286 Al 31 M•r 2025 65.790 27,379 14,OC(J 388.369 Carrying amount At 31 Mar 2025 304.210 703.152 1,007,362 383.592 At 31 Mar 2024 311,610 64,511 375 7,096 20. Investments Cash or cash Listed equivaknts investments Total Cost or valuation Al 1 April 2024 Addrtions Fair value nN)vements Other movemenls 50,129 765,213 815.342 30,032 30.032 17,325> 838.049 {7,325) 42,804 At 31 March 2025 795,245 Impalmient At 1 Aprll 2024 and 31 March 2025 Carrying amount Al 31 March 2025 42.804 795,245 765.213 838,049 815.342 At 31 March 2024 50,129 All investments sh￿n above are held at valuation. Financlal ass8ts held at falrvalue Listed investments are measured at fair value v*ith changes in fair value being recognised in profrt or loss. 32 Paul's Place (South West) Company Limitsd by Guarantee Notes to the Flnanclal Statements (contthu Year ended 31 March 2025 21. Debtor4 2025 2024 Prepaym8nts and accrued income Other debtors 18,462 34,449 S2,911 462.214 484,9 21 Creditorb: amounts falllng du• vAthln onè year 2025 2024 Trade creditors Aceruals and deferred income Soci81 security and other tsxes Pension Other cred[t￿8 113.046 65,900 8.144 4,0 1.741 16,722 21,247 7,790 3,558 2,232 51,549 192,927 23. Deferred Income 2026 2024 At 1 April 2024 59,9CK) 17,910 Pensions and other post retlrement beneflts Defined contrlbutlon plans The amount recognised in income or expenditure as an expense wi relat￿￿ to deffined Gontribulion plans was £14,40012024'. £12.939). Paul's Place (South West) Company Limfted by Guarants• Notes to the Financlal Statements (coftttmmo) Year ended 31 March 2026 25. Analysis of eharitsbla funds Unrestrictsd funds Al 1 Apr2024 Gains and At losses 31 Mar 202S Income Expenditure Tran$fer5 General funds New premi58S fvnd Capital assets fvnd 270,165 699,162 1626,6431 30,032 372,716 1.174,000 (303.0401 870,960 383,592 {72,2861 1698,929) 303,040 614,346 1.827,757 699,162 30.032 1.858,022 At 1 Apr 2023 Gains and At kJsse5 31 Mar 2024 Income Expenditure Transfers General funds New premises n(J Capital asset$ fvnd 367,014 789,209 {634.2S9} (281,0961 29,297 270.165 0.000 274,000 1,174,000 543,922 1.810,936 (167,4261 (801,6851 7,096 383,592 789,209 29,297 1,827,757 Paul's Place (South West) Company Llmited by Guarantse Nots8 to the Flnancial Statements (cortlnv Year ended 31 March 2025 26. Anatysis of charitabje funds (¢onWnuedJ Restrlcted fvnd$ Al 1 Apr 2024 Gains and At losses J1 Mar 2025 Income Expenditure Transfers Downend Round Table Karen & Alan Monaghan Kitchen reserve In MenN)ry of Annie Pu•vell Paul's Place Hub Southern Brooks John James Bristol Foundali)n Leeds Building Society Lennox Hannay Paul's Place at Home Rotary Grant National Grid Communty Granl Quartet- Atfvisory BOCCIA Team South Glos Disabilty Equallty Netsyork Framplon Cotterell Mummers SoLrth Glos Carers Togelhgr Fund 14Varburtons Communty Grant Bitton Parish Council 2,000 I2,0￿> 62,160 7,214 {156) 1S.OCIII 64.218 6,770 15.957) 813 1,295 14.407 114,5581 1.144 2,057 (2.0571 300 1300) Paul's Place (South West) Company Limited by Guarantee Notes to the Flnancial Statements (conlRIu¢ Year ended 31 March 2025 25. Analysis of charltable fund8 lcohthuedl Boshi8r-Hinton Foundation Downend & Bromley Heath Parish CounGil Emersons Green Town Council MedlcLk Charitable Trust Weslerfeigh and Coalpil Heath P$rish Council nterbourne Parish Council Global's Mak Scffle Noise Quartet Comiunity Foundation Short Breakfftespite Aviva Grant Garfield Weston Grant Bradbury Foundation, Hong Kong Caprtal Asset Pauvs Place Hub 1,500 {1,500} 500 (500) 650 (650} 2,000 12.0001 1.000 11,000) 624 {624) 16.500 (11.130) 5.370 5,000 14,626) 374 11.325 5,000 200.000 4,800 (11.325) 5,000 45.688 1154,3121 (8001 14,000) 240,000 {240.0001 4￿.112 4W,112 63,455 521,647 162,383) 522.719 The amount of £400,112 in the Capital A￿1 Paul's Place Hub restricted fund consists of the followwig donats'ons and 9rants- MAF Awva Brailbury Foundation, Hong Kong Gathebj VVe$ton £5,cK)O £240,000 £154,312 36 Paul's Place (South West) Company Limitsd by Guarantee Notes to the Financial Ststements (¢onthwd) Year ended 31 March 2026 2& Anatyg1$ of charitablè funds (eoniinu¢ Al 1 Apr 2023 Gains and losses 31 Mar 2024 Income Expendf(ure Transfers Dovlnend Round Table Karen & Alan Monaghan Krtchen reserve In Mem¢Xy of Annie Powell Paul's Place Hub Southem Brooks John James Bristol Foundat Leeds 8uilding SOc￿ty Lennox Hannay Paul's Place * Home Rotary Grant National Grid Communty Gtant Quartet- Advisory BOCCIA Team South Glos Disabilty Equality Netsvork Frarnplon Cotterell Murnmers South Glos Carers Together Fund Warburtons Communty Grant Bitton Parish Council 50,000 6,205 ISO,DOOI 16,2051 (300) 19551 57.160 11,255) 62.160 1,454 (1.454) 803 697 11.500} 750 2,164 1750} 1909} 1,255 200 12001 4,886 14,8861 18,2161 11431 8,216 143 1,615 4,051 14,3711 1.295 1.234 (1.2341 8,229 549 {8,2291 {4,9991 4,450 400 (400) 37 Paul's Place (South West) Company Limit•d by Guarantee Notes to th• Flnanclal Statements Iconiinuoo) Year ended 31 March 2025 25. Analysis of tharftsble funds (eonthuod) BoshieT-Hinlon Foundation Downend & Bromley Heath Parish Council Emetsons Green Town COU￿11 Medlock CharitabK8 Twst Westerl8igh and C¢)alpit Heath Parish Council nlerboume Porish Council Glthl's Make Some Noise Quartet Communty Foundation Short BreaklRespit AvNa Grant Garf￿ld Weston F Grant Bradbury Foundation. H)n9 Kong Capital Asset Paul's Place Hub 76,400 24.646 (37,591) 63,455 38 Paul's Place {South West) Company Limlted by Guarantee Notes to the Financial Ststemonts (coftjtmwdj Year ended 31 March 2026 25. Analysls of charitable funds (¢ontlnu8(0 Paul's Place Hub (old Shire Way Cenlrel fund is set up to fingn¢e costs related to our ne•V premis8s. We recewed £5000 last year t¢)wards an acces51b￿ toilet faeilty in our new building, which was spent this year on the c05t of accessible toilets in our new premises. We have eived 8 donation of £7214 via public fundrai$ing toward our new building. John James Bristol Foundation fund is to meet our cost of our daily acttvities stjch as Sealed Pilates, Silent Disco and other programmes. Day Trips to garden centres. restaurants and pubs, etc lo reduce social isotatK•n, as well as our Summer BBQ and Christmas party. The South Glos Disability Equalty Ne￿Ork fund is for being part of the South Gloucestershire Disability Equality Netsvork workirvj to improve life for disabled people. The Downend Roundlable fund is to cover the costs of our very popular Evening Programme for our members to reduce social isoL9tion and improve their skills. The South Glos Carets fund is to meet the costs of our Carars Outings Programme offering the corers space to make ¢onneclion, get support and some Iwne out frcm caring responsibilitie5. Unfortunate￿. this programme ended in June 2024. Fund r￿e1Ved from parish and town coun¢iL8, Bition Parish Council, Downend and Bromley Heath Parish Council. Emersons Green Town Council, Westedeigh and Coalpit Hgath Parish Council. Winterboume Parish Council, to cover the cost of our members, daity actNilies as well as the cost our Boccia Team. along with Hanham Abbots Parish Council, Portishead Parish Council and Yale Town Council fvnds represents monies received t¢)wards the cost of our daily activTti8S. Bo$hier-Hinton and Medlc¢k Charitable Trust fvnd are funds tcward the ¢ost of our sporting activrties. including our B¢)ccia Team. Global's Make Some Noise grant is for our Members, Volunl88ring PrC￿jramme to develop our members eonfidence, knowledge and lrfe skills, to supwrt their Fthysical and mental health through volunteering. The Quartet Community Foundation, Express Grant programme is a grant towards our Daily Activitiès ant1 Day Trips, including music sessions, animal interactive experience, cooking classes, sealed pilales and phys￿ sesslons along with trips to Fishing and Boat trips, Bowling. RLgby match. W8slonblrt Arboretm, *. The Short 8reaklRespite fund is monies ralsed specifically lor our mombers and their carers to go on Short Breaks and Carers Holiday. Aviva Grant receNed towards Sen50ry room in our new premises, Paul's Place Hub. Garfield Weston Foundation grant receivod towards our capital cost of our new premises. Paul's Place Hub. South Gbucestershire MAF fund has 2 elements, £4000 toward5 tyjr memters social aGtivitles. includiro Short Breaks. and £800 knvards the cost of hoist al Paul's Place Hub. Bradbury Foundation. Hong Kong grant reGewed towards wr capital cost of our new premi6es. Paufs Place Hub. 39 Paul's Place {South West) Company Limit•d by Guarantee Notss to the Flnanclal Ststements (Conlinued) Year •nded 31 March 2025 26. Analysis of net a88ets between funds Unrestricted Funds Restricted Total Funds FurKJs 2025 Tangible fixed assets Investment8 Current assets Credi(ors bss than 1 year Net assets 1,007,362 1,Cl)7.362 838,049 838,049 205,988 522,269 728,257 179.21n 1113,7101 (192,927) 1,972,182 408,559 2,380.741 Unrestricied Funds Restrlcled Total Funds Funds 2024 Tangible fixed assets Investments Currerrt assets Creditor$18SS than 1 year Net assets 383,592 815,342 680,372 (51,548) 1,827,758 383,592 815,342 743,827 {51,5481 1.891.213 63,455 63,455 27. Analysis of changos in net debt At At 1 Apr 2024 Cash flcws 31 Mar 2025 C88h at bank and in hand 690.916 1447,595) 243,321 28. Opètatlng lease commitments The total futu￿ mlnimumlgase payments under non-cancellable operating leases are as follows: 2025 2024 Not later than 1 year Laler than 1 year and not later than 5 year8 11.027 4,441 15.468 34,094 21,680 55,774 -Cpaul's Place LIVING IIFÉ TO THE FULL Mr J Rhodes (Senior Statsltory Auditor) For and on behalf of Walter Hunler & Co Limited Chartered Accountants 24 Bridge Street Newwrt South Walcs NP20 4SF 17 October 2025 Dear Sirs During the course ofyour audit of the financial slatements of th¢ charity for the year ended 31°, Mar¢h 2025. The following representations were maik to you by managanent and tswstees. We have fulfilled our responsibilities as tn￿teeS utLdcr the Companies Act 2(K>6 for PTq)aring financial statements. in accordance with the applicable financial reporting framework. thal give a true and fair view and for making accurate r¢presentstiODS to you as our auditotE and for the fU￿1¢Aal statements which you have pr¢p8red on our behalf for the charity. We confirn) that all accounting reco￿ have been made available to you forthe purpose of your audit, in accordance with yourternis of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minut¢s of all management, tNs¢e¢s' a￿1 members. llleetings, have been made available to you. We have given you unrcstri¢t¢d access to persons within the charity in order to obtsin audit evidence and have provided any additional inforn￿Li0rt that you have request¢d for the purywses of yow audit. W¢ ¢onfirni that significant assumptions used by us in making accounting cstimatcs, including those measurd at fair valu¢, are reasonable. We wnfm that all known actual or possibl¢ litigation al￿ claims whose effects should be considered wh¢n prcparing the financial statements have been disclosed to th¢ auditor and accounted for ond disclosed ?n accordance with the applicablc finawial reporting framcwork. We confiTm that there had been no events since the balance sheet date whith require disclosure or which would materially aff￿t the amounts in the fmancial slatement5, Oth￿ than thosc already disclosed or included in the fmancial sta¢¢ments. Wc confirm that we ar¢ aware that a related party of the charity is a person or orgaDisation which either (direcily or indirecily} colltrols. has joint control of, or significantly influences the charity OT vice versa and as a r¢suh will include". trusteesldirector& oth¢r key management, close family and other business interests of the previous. We confirn] that the r¢lated party relationships and transactions set out below ar¢ a complde list of such relationships and traLsactions and that we are not aware of any fi]rther related parties or transactions. We confirni that all related party r¢lation5hips and transactions have been accounted for and disclo￿d in awordance with the app]i￿ble financial reporting framework. We confirni that the charity has had, at no time during the year, any arrangwent, tranwtlOD or agreement to provide credit facilities (including loans? quasi-loacs or credit transactions) for trustees, nor to guara￿ nor provide security for such rnatter8. We confirnl that the charity has not contracted for any capital expenditure other than disclosed in the fmancial ststements. We confirni that we are not aware of ¥J)y possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and whi¢h are centsal to the charity's abtlity lo conduct its activities. io. glslLtÈ i ohiiyuD%. Poul's Ploce 15oulh Wesl Serridge Lone. Coolpit Heolh, BRISTOL. Englcnd. 8536 2TT k*.'giNIèTÈ Nib 11165504 Ri.gI.-l. rèd horily No. 1180398 01454 777236 info poulsploce.org.uk www.paulsplace.or9.uk -Cpaul's Place LIvI￿G LIFE TO IHE FULL We acknowledge our responsibility for the design and im ¢ntation of internal controls to pr¢venl and d¢t¢¢t fraud. We confirn) that we have disclosd to you the results of our own risk assessment that Ihe f]nancial statements tnay be misstated as a result of fi7ud. We ￿nfIrM that there have been no actual or Suspect￿ instances of fraud involving trustee manag￿￿ent or ¢mploy¢es who have a significant role in intern81 wntrol or that could have a material effect on the fi[￿iCIal statements. We also confirn] that we are not aware of any allegations of fraud by fornier trustees, employees. regulators or oth¢rs. We confirm thaL havin8 considered our expectations aDd intentions for the next 12 months and the availability of unrestrict¢d reserves, the charity is a going concern. We confirm that all grants, donations and otlL¢r income, including those subje£t to special temis or conditions orr¢ceived for restricted PUTposes, have been notified to you. There hav¢ been no breaches of kns or conditions during the peri￿ regarding the application of such income. 12. 13. 14. Restricted grants as follows: Downend Round Table Paul's Place Hub John James Bristol Foundaiion South Glos Disability Equality Network South Glos Car¢rs Britton Parish Council Boshier-Hinton Foundation Broml¢y Heath Parish Council Emersons Green Town Council Medlo¢k Charitable Trust Coalpii H&ath Parish Council WinteAyourne Parish Council Global's Make Some Noise Quartet Community Foundation Short BreaWRespite Aviva Grant Garfield Weston MAF Grant Brndbury Foundation, Hong Kong 2,￿)0 7,214 6,770 14.407 2,057 300 1.500 500 650 2,000 i.(K)O 624 16,500 5,000 11.325 5,000 200.000 4.800 240.0(Y) 15. We confirm that we are not aware of aDy matters of n)atfflial si8nificancc that should be reported to the Charity Commission. We acknowledge our legal responsibiliti¢s r¢garding disclosure of infornation to you as audito￿ and confirm that: so far as each trus1¢¢ is aware. there is no relevant audit inforniation of which you as auditors are unaware. and each trustee bas taken all the steps that they ought to have taken as a trnstee to make themselves aware of any relevant audit infoTmation and to establish ihat you are aware of tI￿l InfOrn￿ll0n. 16. LtsmpdDI Paul's Place Isoulh Wesll .li1c￿ Serridge Lane. Coalpll Healh. BRISTOL. Englond. BS36 2TT RegislorLIO 11165504 eoislÈipd Lnvrit¥ r-je.. 1180998 01454 777236 Inlo paulspla¢e.org.uk www.poul$ploce.org.vk -Cpaul's Place LIVING LIFE TO THE FULL 17. We confirn) the following specific rcpr¢sentations made to you during the course of your audii relating to: a) The designateA funds derived corTectly disclosed as designated ftlnds b) The directors are salisfied that the carying value of the land and buildings does nol require a pem)anent diminution in value. We confJTm that th¢ above repr¢sentstions ar¢ made on the basis of enquiries of management and staff with relevant knowledge and experien¢¢ (an¢ wh¢re appropriate of supporting documenlation) sufficient to satisfy s that we can properly make each of the above represenlations to you and that to the best of our knowledge and belief they a¢curdtely reflect the repr¢sentstions made to you by the trnste¢s during the course of your audit. Yours faiihfithy, Signed on behalf of the b)ard of trustees Date: 17 October 2025 P. ￿151¢F￿￿ Pour's Plote (Soulh Wesll Regisleièd 01liCQ- Serridge Lane, Coolpil Heolh. BRISIOL. Englond. 8536 2TT Registe1￿￿ LOniiJvni' No- 11165504 eai51ei&U No 1180398 01454 777236 Info poulsploce.org.uk www.poulspla¢e.or9.ult -Cpaul's Place IIVING LIFE TO THE fULL L niyilli¥ Poul's Pbce lsoulh Wesll 5eFridgè lone. Ceolpil Heath. BRISTOL. Englund. 8S36 21T 11165504 d Lhoi 11)- ND. 1180398 01454 777236 info@poulsplace.org.uk wvrn.paulsplace.org.uk