REGISTERED COMPANY NUMBER: 11855526 {Englgnd and WAlesl REGISTEREDCHARITY NUMBER: 1187011 Report of the Trnstee5 Unaudlttd FinANcial Statements forthe Year Ended 31st March 2025 for Sandy Bear Children's Ber¢avemeDt Charity Ashmole & Co Manche5teT House Grosvenor Hill Cardigan Ceredigion SA43 IHY Ashrnole 8 eo. Sandy Bear Children's Bereavement Charity Contents of the Fln4n¢hal Stst¢m¢Dt$ for the Year Ended 315t Mgrch 2025 Pgg¢ Reference And Adrninistr#tive Detsi Report of the Trustee5 Independent Examiner's Report 10 Statement of Attlvltie5 Balgnee Sbeet 12 to 13 Note5 to the Finan¢i*l StatemeJts 14 to 20 Detailed State]Nent of Finxnei41 Aetlvhles 21 to 22 Ashmole & Co SHndy Bear Children's Bereavement .harlty Reference AdmSnlstritiwt Detalls for the Year Ended 31st M&reh 2025 TRUSTEES A Copson- Chair M A M Farmcr I M Hall- Vice Chair (resigned 25.4.25) N L Philpott S Thomton (resi￿ed 3.3.251 l Matthews- ChaiT {resigned 25.4.25) O J Riley S J Wickham (appointed 26.424) REGISTERED OFFICE Europa House 115 Charles Street Milford Haven PetnbToke5hire SA73 2HW REGISTERED COMPANY NUMBER 11855526 IEng]and and Wales) REGISTERED CHARITY NUMBER 1187011 INDEPEIYDENT EXAMINER Ashmole & Co Manchester House Grosvenor Hill Cardigan Ceredigion SA43 IHY Page I Aghmole & Co. Sandy Be8r Children's Bere4vement Charlty Report of the Trnstee5 for the Year Ended 31￿ March 2025 The trustees tho are a150 directors of the charity for the putposes of the Companie5 Act 2006, present their report with the financial 5tatemenis of the charity for the year ended 31st March 2025. The trustees have adopted the provision5 of Accounting and Reporting by Chariries.. Statement of Recomm¢nd¢d Practice applicable to charitie5 preparing their counts in accordance with the Financial Reporting Stat)daTd applicable in the UK and Republic of Irelatxi IFRS 102} {effectiv¢ l January 20191. Page 2 A5hrnole 8 CD. SHndy Bear Children's Beregvement Charity Re￿rt ofthe Trn$t¢es for the Yegr Ended 31st March 2025 OBJECTIVES AND ACTIVITIES Objective5 and #ims Charitable Oblettlve To relieve the mental. emotional, spiritual, and ￿]ySiCal distr￿$ of children and young people suffering f￿M beJYavem¢nt or living With a person who has a life limiting condition. Our Vl$lon A Wales where all children can gei safr, timely and appropriate help and support when they are facing or have experienced a beTeavement. Our Mis510 To ￿lieve the mental, emotional. spiritual. and physical distress of children and young people suffering i*￿avement or living with a petson who has a life-limiting conditLOIJ. Our VAlue5 These a￿ integral to our work. at Sandy Bear we a￿. Supportive - we listen to children amd young people, valuing their experience as told by themselves and help them to use their knowledge to gain support that is appropriate. relevant 9￿d effective for ¢ach individual. Compa55ionate - children, young people and their families are at the heart of our actions, they drive how we care, and we work to support their choictt 9￿d decisions, helping them to feel safe and va]ued. Professional - the care we ￿ve and IK>W it is given, is based on the best available eviden¢e. W¢ ¢ncourage everyone to ve their best and be ready to leam, adapt and change. when there are Eetter ways of doing things. We sttive to dev¢lop ¢)ur ¢xpertise and share with others our leamitjg to improve services for children. Open and respectfijl - we are open amd transpar¢nt charity, valuing each tmon's individua]ity, we suprK>rt diversity and believe different experiences and perspective5 rnake us stronger and increases our quality. Our Work Sandy Bear provides a service to Children, Young PeLyle and their familie5. who have ex￿rienCed or are anticipating the death of a loved one. Our Core activity is within West Wales, th¢ ability to support children and yO￿g peopl¢ throughout-Wale5 where funding allows. Focussing on the chil¢tyoung ￿￿￿on'$ voice and enabling to wk about their experietKe tn their own words is integral to our work. We focus on listening to the childlyoung person ¢nsuring they can voice their understanding of the bereavement they have faced or oJe facing. W¢ do thi% in a l.. l thcrarKuti¢ settin& but at Sandy Bear we reeognise the fremendou9 value of pe¢r-SUPPOrted interventions. We work hard to draw out how a child is fteling from their own perspective to get to the hewt of the childs understanding about what they have experIe￿ed or th¢iT fears about what they will eX￿rIenCe. This klps them to begin to address and make sense of their grief. Alongside working with individual children. we support parents, adult carers. particularly of younger childr¢r*, to develop widerstanding about how children grieve and to identity effective ways of supporting their child, promoting communication, and addressing behaviour issue5. Finally, we work with other professionals such ￿ polic4 teachers atld health petsonnel, advising them how Ft5t to support children and families who are facing or have experienced ber¢avement. We work to provide a roule to a healthy griev￿g prttess that leads to grief nonnalisation. avoids detrimentsl oui-comes and so provides the foundatiort for the child to lead a happier. more fulfilled life. Be￿8vement can impact on every *pe¢t of a young life. afftcting phy5i¢al and mental h¢alih and well-being. Bereaved children 8JJd young people are often the forgotten moumers. W¢ want children to know that they, like adults hav¢ a right to mourn, regardle55 of theiT age and utjderstanding. Pa8e 3 Ashm0￿ 8 Co. Sandy Bear Chlldren's Bereavement ChArity Report of the Trnstees for the Year Ended 31st M#reh 2025 All ¢hildffn will re*t differently to bereavemenL Their reaction is influenced by a complex web of factor5. itKluding who had died, their relationship to the deceased the nawre of the death, the nature of conunurti¢a¢ion within th¢ child's network. the child's environment, their cognitive abilitie5. and th¢iT in-built resiliet)ce. If the right support is not provided, and grief i5 left unresolved, the child's psy¢hological health can be compromised. This has been Shown to manifest itself in poorer mental health outcome5. poorer educational outcomes and risky behaviour that Can bring serious consequences immediately, or later on in lif¢. We have refrrred to guidance contained ￿ the Charity Commission's general gyidance on public benefrt when revi¢wing Ix]r aims and objective5 and in planning our activities. Pa8e 4 A6hmol¢ & ¢n Sgndy B￿r Children'5 Bereavernent Charity Report of the Trustees for the Year Ended 31$t March 2025 ACHIEVEMENTS AND PERFORMANCE Introduction This report sees us wntinuing Ix]siness as usual withirh our develop￿ work within W¢st Wales and suworting emerging needs atKi foc￿8 on supportirtg those who need us ￿rO$S Wales. Th¢r¢ continues to a lack of longitudinal studies to ¢vid¢nce the inpact of child bereavement. but we continue to WOTk with rtsearch-b&sed organisations to implement 5UPPOrt bosed on the latest evid¢n¢e and information concerning the impacts of cluld bereavement. What we do know from OUT wllalK)ration with professionals ￿rosS the UK and 5UPPOrting evidence, is that the death of a Close family member is associated with a range of poor outcomes for thildren and young wple. Eoth ￿ the short and medium-tern) and itato adulthood including early mortality, mentsl and physi￿1 health problems, and disrupted edLKatiort. Even after the ioitia] grief and the years that follow. evidence suggests that detayed grief reaction5 may k triggered when subsequent life ¢h8mges occur, such as a parent re-manying or the b¢rea￿d petson having their own child. Providing a n)ute to a healthy ￿)eving pr(Kess that leads to grief norn)alisation, avoids these detritnental outcomes atxl 50 provide5 the foundation for the ¢hild ¢0 lead a happier, more fulfilled life. proBressing with their development. We believe that every ¢hild and youtjg person should ha￿ the opportunity to thrive and lo be the very best that they can be. we want to liv¢ in a society that support5 etlables Children, young Jw>le and their familie5 to rebuild their lives after the death of a loved one, giving them ¢OUTage. resilience and hope for a bright future. We are n]embeTS of cO￿ty and health board Bereavement Networks Child Bereavement N¢twork IUKI, the Welsh Government Bereavement FramewoTk, #nd the UK-wide Suicide and self-hami prevention network. We Temain actively involved in the work underpinning the National Framework for Bereavement Care in Wal¢s alongside key partners and Welsh Government to champion better Tecognition of ¢hild bereavement and the needs of children. SerYSets Our core delivery is through face•to-face assessments, l.. I support and peer 5UPPOrt woups. We understand that this can create a battler to support and so adapt to online Y￿d telephone meetings and support for those unable to reach us via our centr4 or at one of the hubs we use across the counties. The advantages of king flexible in our approach is evidenced by our attendance rdtes, th¢ support offered, and tt oui¢omes achieved have gone from strength io strength. As of 31st March 20￿. we have supported over 1,087 ¢hildren and young people, and mor¢ than 1,800 paretits and carer5' Ln addition is the training and support given to those whose roles see them working with young pwple. We train¢d over 500 people during the period. We ￿￿pt direct referra15 in addition to those from professionals and review the rKIKess regularly to simplify %c¢ss to 5UPPOrt foT all who need it. We wntinue ￿ dire¢tly support health, social care. ed￿￿tion, and oth¢r rel¢vant professiona15 who are dea]ing with or encounter bereavemei]t affecting children and their families by providing resources and awareness of how chtldren are affected and what might help their situations. This support provides benefit to those children who are facing or suffering from bereavement by t￿bliftg those in Contact with them to manage their issues more effectively. Demographic Information Out of 1,087 new referrals received between 1st April 2024 to 31st March 2025.. 53¥0 of the bereavement experienced wa5 that of parents. 19% wa5 for bcreaveTnent of grandpar¢nts. 16/0 w&% for bereavement of a sibling. The remaining 12/0 comprised of bereavement from other close family members, whi¢h included, an aunt, uncle, or Cousin,. were also several peer and close thend ber¢avements. In 52% of the refr￿8]S, suicide land suspected suicide) was the cause of de￿￿. 10/0 of referrals was cancer as the cause of death. /0 of referra15 We￿ due to cardiovascular disease as being the cause of deaih. 12 /0 of referrals were due to other healih conditions whi¢h in¢lude heart. luns renal condition5 amongst others. Page 5 AShTn0￿ & Cts. Sandy Bear Chhldr¢n's BereAvement Charity Report of theTru5tee5 for the Year Ended 31st Mgreh 2025 5Vo were due to Ac¢identa] drug ov¢rdose. 310 were due to Covid 19. 30/0 are still awasting cause of death to be confim]ed. 60/0 wer¢ referrals for anticipatory grief suppttt prior to bereavement. Stgff and Volunlter Support This year has seen the wwth of the practitioner team and embedding our work across West Wales on a permanent basis. This has led 10 a greater number of referrals and Tequesis for support from Ceredigion, CaTMarthenshl￿ and surrounding communitie5. Additionally* we se¢ured fi]nding to support work wthin Swansea and Gwenl which expanded our ￿a¢h into pans of South Wales. with inCTeasing support through virtual online and telephone support to others thrwghout Wales. We con¢inu¢ to work to our five-year strdtegy 'Survive, Thrive, Grow. and have been making good progress in ensuring our support n]eets the needs of thos¢ we support. and adapting acwrdingly. Volunteer5 are an in*gral part of our wo￿. and we couldn't exist in the way we do without them. Many of our service delivery volunteers have experience ￿ro$S sta￿tOry and voluntary ￿ctorS working with children and young people. Some come with a drive and ¢nthllsiasm. which is easy to capture and io implement trdining and support to ¢nsur¢ everyi)ne is supported. Where those who join us with other skills. our trainfftg and sup]y)rt ¢nable them to become farniliar with and feel supported by Sandy Bear and gain those skills required. VolunteeTS are involved in the charity at all levels within direct delivery, fundraisin& and administsatio￿ assisting with event4 and in leading OUT StrAtegi¢ direction and charity governancc PTo¢esses. By the end of March 2025. we had over 70 volunteers sUPPOrtitkg us within a variety of roles and frotn across Wale& Our volunteers ajl receiv¢ a core inductiotOtraining programme followed by additsonal leartling and development suitable for their rolels. We have ajw implemented regular supervision for volunteers lead by our clinical 8J]d seTvi¢e leads to ensure that they are fully supported. and we Can identify any future developm￿1 they may wish io ¢xplore. This has led to voluntecrs taking up paid positions both within the charity and elsewhere in the sector. We have worked across numerous volunteering and voluntary sector initiativ¢s which has seen u5 increase OUT volun¢eer numbers and the number of collaborations ond partnerships we have with other organisations. li has also ensured that ople know alKkut us so they ¢an ref¢r people to our service5 when needed. Direct support to beTeaved families be challenging, so we support and engag¢ with those volunteer5 who are able to tum their hand to administration, fundraising and support at events. Thistee5 And Goverthance Trustees wntinue to be an instrumental part of our ¢haTity. Ensuring that we ￿t wmpliant with ¢harity commission guidance and trlevant law. Our board met four time5 within the year, along with sub comT2]ittee5 to 5aftguard our s¢rvic¢ delivery, financial overview and to monitor aNI manag¢ risk. Our Chair, leuan Matthews OUT vi¢e-¢hair, Tsobel Hall have both resigned. We thank them for their respective contributions. We also say goLNlbye to Stephen ThoTtLton who has stepped from hi5 trustee role, though we tKink him and Valero for their ongoing support. Andrew Copson, who has iten a trustee for ￿rne time. has stepped up as chair as we navigate the next leg of our journey. Education And TrAiniNg Al Sandy Bear we thke a proactive approach to the training and development of our team, staff and volunteers. We provide training opportunitl¢5 as well as make the most of le8Jning partnerships if possible. In addition to this we regularly Org￿lSe training with other charities and organisallons Page 6 Ashmole 8 cn SRndy Bear Chlldren's Ber¢9vement ChArity Repirt of the Trnstees for the YeAr Ended 31st Matth 2025 The purpose of staff development and training is to corttinually improve Sandy Bear'5 effectiveness ￿ Provide terventson to ¢hildretJ, young people and their families who hav¢ exp¢rienced a bereavement that is impacting upon their emotional health and wellbeing. All staff and volunl¢er5 attend indu¢tion training, including a minimum of Gr¢)up A Safeguarding training. Individual staff developmeni training and support needs are agreed during the induction period and on an ongoing and needs-based approach. Additiona] levels of ¢raiDing are U￿[ertake￿I for staff with additiona] responsibilitie5. Our Network Sandy Bear WOTks alongside statutory providers and the third sector thwughout Wales and across the UK. W¢ ar¢ members of and have active participation In numerous local, regional and UK fonhms and networks. We work lli collaboration with other5 and during 2025, with limtted resources availablt in North Wal¢s, we have bee able to join forces wth the Enfys Alice collaborative to support those specifically bereaved or impacted by suicide. In ￿dition. we work c105ely with GPS CAMHS. Health Bo8rds. Police Social Services and Education. We work closely with fellow charities, those or8ani5ations supporting emotional well-being, and other statutyry, private and cixnmunity interest organisations that have an affinity with our worti and support our mission. Conclusion Sandy Bear continue5 to build its structure, systems, and priKesses. whilst also reviewing and unproving. We strive to meet the needs of children, young people and their families whenever they are refeTred tts us and work as collaboratively as possible within our cl(kse professional ¢ommunitie5 to support ihe best out¢om¢s forthose children and young peopl¢. We began &8 a small chaTity rooted in our c4)mmunity- the support we receive is gTeatly appr￿lated. The end of this year sees us working more frequently across Wales but retain￿8 the same Sandy Beardhos at grdssroots level. The next financial year we know will k Challenging in sustaining existing provision with the additional constraints of incr¢&sed National Insurance, rises in utilities and other costs associated with deliverin8 services to our beneficiaries and with the ¢hallenging financial climate in which we operate. However. our focus remains that of supporting childTetJ and youn8 people when and where they m05t necd u5. Irt the lead up io, and followin8 bereavemertL Page 7 Ashmole & Co. Sandy Bear Chlldr¢n's Beregvement ChArity Report of theTru5tees for th¢ Ye&r Ended 31st Mgreb 2025 FINANCIAL REVIEW Jn¢ome Generation We are a small I￿t growing charity ¥JJd make a significant impact kn the lives of children and young people with t resources that are available to us. In this financial ye￿. total in¢ome amollnted to £454,084. We have begun diversifying income through improving our trainuig offer, community and event fllndraisulg adivity and our online shop with a rat]8e of clothing and other merchandise available. Our community general income is evolving a8 n￿re rKople know abiwt our worti and are choosing to donate individually or through ¢vents hosted on our behalf. During the year we have been 5UPPOrted by charity of the year partneTships and we continue to utilise social media and line giving platfornis to offer a variety of m¢￿S foT the pllblic to support our work. Development of our social media and online presence has seen greater footfall and support, though this does also generate addition￿ Teferrdls for support and further stretches our capacity. This financial Y￿ we have invest¢d in our fundraising. marketing and volunteering rol¢s to SUPPOrt us t development and growth required tts be sustainabl¢ and to achievt our missioD ￿rosS Wales. We have a Finanee SuFrfomrnittee whi¢h monitor and manage incom¢ and expenditure monthly to ensure we remain accountable. transparent. and ar¢ makitlg proper use of charitsble fi]nds. Res¢￿eS policy Sandy Bear has a policy of n]aintaining an w)restrieted free reserve, being the ￿t current assets ex¢luding funds designated for a Specific purpose. The Truste£s consider that o free reserve L5 required for the p]TP05e of ensuring the continuity of seryice during period5 of high demand andlor fluctuations in incom¢. The Service a ¢ommitment to retain the equivalent of Six months operational costs a5 a free reserve. The level of th¢ unrestricted free reserve at the end of the financial year ¢nding 31st March 2025 amounted to £167.740 whi¢h based on total expenditure for theyedr ended 3 Isi Mar¢h 2tr25 equate5 to four months operational costs. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing do¢ument The charity is eontrolld by its governing (k>cument and Constitutes a limited comparty, limited by guarantee. as defined by the Cornparties Act 21K)6. The Ch¥Jity was register¢d with the Charity Commission on the 17th December 2019. The Ch#Jity also operates under the working name Sandy Bear Children's Bereavement Charity. The Charity is currently govemed by a board of seven Trustees. Recruitment gnd gppolntment of new trnstee$ Trusiee officers are elected by the members of the Board, which include5 the ¢utrenr Chair, Vice Chair. Treasurer and Safeguarding offices. Offi¢e is retained until the next Annual General Meeting when Trustees 8Je eligible for re4lection. Upon r¢-election, a Trustee is appointed for a term of th￿¢ years. At the end of tejm, a Trustee must retire from ret accord with those records. or the accounts do not comply with the accounting ￿quir¢Ments of Section 396 of the 2006 Act other than any requirement that the accourtts give a tn]e and fa￿ view which is not a matter considered as part of an i[Kie￿ndent examination. or the accounts have TLOt been prepared in accordartce wth the method5 and principles of the Statement of RecomrnetKied Pr￿tice for accounting and ￿porting by charitics {appli¢able to charities PTeparing their awounts in a¢cordance with the Financial Rwrting StsmdaTd appli¢abl¢ in the UK and Republic of Ireland IFRS 10211. I hav¢ no concerns and have Come a¢ross no other matte]s in connection with the examination to which attention should be drawn in this report in order to enable a proper Und¢￿tanding of the accounts to b¢ reached. Di B.S. Ridgway The Institute of Chartered Accountants in England and Wales Ashmole & Co Manchester House GTosvenor Hill Cardigan Ccredigion SA43 IHY Page 10 A$hmlé & Co. S#Ddy Be*r Children's Bereavement Charity Statement of financial Aetivltlts for the Yeir Ended 31$t March 21125 31.3.25 Tothl nd5 31.3.24 Total nds Unrestricted nd Restricted fi]nd Notes INCOME AND ENDOWMENfs FROM Donations and legacies 127,582 127582 95,046 Charitable activities Children's Bereavemeni S¢Ni¢e 45.519 273,270 318,789 189.250 Other tradllig activiiies 7,713 7.713 21,002 Totxl 180,814 273,270 454,084 305,298 EXPEiYDITURE ON Raising fi]nd5 16,744 16,746 15.647 ChÈritsble Activities Children's Bereavem¢nt Setvice 179,8(K> 298,930 478.730 275,126 Total 196,544 298,932 495.476 290,773 NET INCOMEIIEXPENDITUREI {15,730) 125.662} 141.3921 14525 RECONCILIATION OF FUNDS Toral funds brO￿￿t fonwaTd 199,470 71.822 271.292 256,767 TOTAL FUNDS CAR￿ED FORWAR 183,740 46,160 229,900 271.2 The notes form part ofthese financial 5tatemertts Page 11 A$hmalÈ & Co. Sgndy Bear Children'$ Bereavement Charity Balan¢¢ Sheet 31st MArtb 2025 313.25 Totsl funds 31.3.24 Totsl nds Unrestricted fund Restricted nd Notes FIXED A&SETS Tangible assets 14,226 14226 7,324 CURRENT ASSETS Debtors Cash ￿ bank and in hand 12 10,410 331,052 173,134 52.192 225,326 173,134 52.192 225,326 341,462 CREDITORS Amounts filling due withit) ¢)n¢ y¢ar 13,6201 (6,032) (9.652} (77,494) NET CURRENT ASSETS 169.514 46,160 215,674 263.968 TOTAL ASSETS IESS CURRENr LIABILITIES 183.740 46,160 229.9(K> 271.292 NET ASSETS 183,740 46.160 229,900 271,292 FUNDS Unrestricted funds Restricted funds 14 183.740 46,160 199,470 71,822 TOTAL FUNDS 229,900 271.292 The charitable co]npany is entitled to exemption from audit under Section 477 of the Companies Act 20[￿ for the year ended 31st Ma￿h 2025. The members have not required the company to obtain an audit of its financial statem¢nts for the year ended 31st March 2025 in a¢cordan¢e with Section 476 of the Companies Act 2(X)6. The tnistee5 acknowledge their resrK>nsibiliti¢s for (al ensuring that the charitable Company keeps accounting r¢wrds that comply wth Se¢tions 386 and 387 of the Companies A¢¢ 20￿ and preparing financial statements which give a true and fair view of the state of affai￿ of the charitable company as at the end of each financial yeaT and of its surplu5 or deficit for each financial year in ￿CordanCe with the requirements of Sections 394 and 395 a￿d which otherwise cornply with the requirements of the Companies Act 2006 relating to financial statements, so far a5 applicable to the tharitable company. (bl The notes form psjt of these financial 5taternent5 Page 12 eontinu AAhmole &Co. S8ndy Bear ChSldren's BereAvement Ch&rity Balanee Sheet- continued 31st March 2025 These financial statemeTht5 have been pr¢pared in accordattt with th¢ Provision5 applicable to charitable c(Anpanies subj¢¢t to the small Companies regime. The financial stalemenis were approved by the Btsard of Twstees and aUthOris￿ for issue on 16th December 2025 and were sibmed on its behalf by.. A Copson. Trust¢¢ The notes form part of these financial statemenis Page 13 A5hmole S Co. Sindy Bear Children's Beregvement ChArity Notes to the Flnanti81 StatetNeNts for the year Ended 31st Mareh 2025 ACCOUNTING POLICIES BAsi5 of prtparlng the finantiAI statements The financial statetnent5 of the ¢haritsble company) whsch is a public benefit entity under FRS 102, have been prepared in accoTdan¢e with the Charities SORP IFRS 1021 'Accounting and Rew>rting by Charities.. Statement of Recommended Practice applicabl¢ to chaTiti¢S PTeparing their accounts in accordance with the Financial Reporting Standard applicable in the Ln( and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Re￿rtIng Standard applicable in the UK Republic of Ireland. and the Companies Act 2006. The financial stateThents have been Prepar￿ under th¢ historical ¢ost convention. IDcome All incotne is recognised in the Statement of Financial Activities once the charity has entitlement to the ￿t￿s, it i8 probable that the incotne will be received and the amount can be measured Teliably. Expenditure Liabilities are rwogtlised as ¢xpenditure a5 S(K)n as there i5 a legal or constNctive obligation committing the charity to that expenditu￿ it is probable that a transfer of economic benefit5 will be required in settlement and th¢ amount of the obligation can be measured reliably. Expenditure is accounted for on ￿ acuuals basis atld h&8 been classified under headings that wegate all cost related to the category. Wher¢ cost5 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resou￿¢$. AlhRatlon and apportlODment of eo$ts Costs have allo¢ated as far 85 Possible betwe¢n the expenditure categories of the SOFA on a basis de5igJed to reflect the use of the resource. Costs r¢iatin8 to a particular a¢tivity are allocated dI￿¢t[y, others have beet) appx)rtioned b￿¢d the estimated usage of the resource. Tanghbl¢ fixed Assets Depreciation i8 provided at the followng annual tate5 Di order to write off eA¢h asset ov¢r its estimated us¢fu] Plant and tnachin¢ry Ctsmputer equipment 20¢/0 OTi cost 15% on reducin8 balance TAx#tion The ¢harity i5 exempt from corwrJtion t&x on its charitable actLVitLe5. Fund ae¢oullting Unrestrictcd fvnds cat) be used in accordance with the charitable objectives at the discretion of th¢ trustees. Restricted fvnds Gin only be used for partiwlar restricted purp)ses within the objects of the charity. Restri¢tions arise when 5pccified by the donor or when funds are raised for particular restri¢t¢d purp05eS. Further explanation of the nature and purpose of each fund is irtcluded in the notes to the firtancrdl statements. Penslon c05t5 other w)s¢-retirernent benellt$ The charitable company operates a defined c4)ntribution pensiw scheme. Contributions payable to the charitable company's pension scheme are charged to the Siatem¢nt of Fin8J]cial A¢itvities in the period to whi¢h they relate. Page 14 contÉnu AshnN)le & ¢0. Sandy Beir Children's Beregvement Ch4rlty IYot¢s to the Thnancial Stst¢ments- continued for the Year Ended 31st March 2025 I)ONATIONS AND LEGACIES 31.3.25 31J.24 Donations Gift aid 126,254 1,328 93,337 1.709 127.582 95,046 OTHER TRADING A(TIVlTIES 31.3.25 313.24 Fundraising events 7.713 21,(K)2 INCOME FROM CHARITABLE ACTJVITIES 31.3.25 31.3.24 Activity Children's BereavM)¢nt Setvice Grants 318,789 189,230 Grants received, incI￿led in the aly)v@ ore as follows.. 31.3.25 313.24 Groundwork5 Children in Nttd Pembroke5hire County Council National Lottery Grant Postcode CoMmu￿lty Tn]st Pcggy and Molty Thom&s Charitable Twst W¢lsh GovernTnent Women in Wales Swansea unive￿Ity Margar¢t and Gwendoline Trust carJnarthenShi￿ County Council Ceredigion Comunity Fund MYF Community Grant Centrica Management St Jame5, Place ICharitableTrustl Cronfa Town Council LampeterTown Council Torfaen Voluntary Alliance Gwertt Association of Volunthry Organisations PCC- Special Pu]p)se Futxi- Sustainable Communities RWE Power 3.874 30,000 23,480 37,689 25.000 63.000 18,397 69.455 50,958 Aooo 560 563 10,000 25,000 4,000 10,000 232 l(K> 7,743 19,845 57.934 37209 318,789 189.250 Page 15 ntinu AShm0￿ & Co. Sandy Bear Chlldren's Bereivement Charity Note5 to the Fln&neiAI Stsietnents- tontlnued for the Yefir Ended 31st Mgr¢h 2025 CHARJTABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Children'5 Bereayement S¢rvice 383,SVI 94,829 478.730 SUPPORT COSTS Governance ¢osts Management Totsls ildren's Bereav¢ment Service 2289 1540 94,829 T4ET INCOMEIIEXPENDrruRE) N¢t income1lexpenditu￿I is ststed after Char￿n￿(Crediti￿8l'. 313.25 31.3.24 Independent examiners f¢¢ Depreciation- ¢)wned asset5 1540 1511 2,410 453 TRUSTEES, RBMUNEIL4TION AND BENEFITS There were no trustees, ￿mUneratiOn or otheT ￿nefitS for the year ended 31st March 2025 tK)r for th¢ year ended 31st March 2024. Trnstees, expens¢5 There were no trustees, exT￿se$ paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. STAFF cosrs 31J.25 313.24 Wages a￿1 salaries Social security costs Other pension Costs 321,91H 23.126 6,357 190,888 4,098 351,387 206,067 The average monthly nwnber of employees during the year was as follows= 31.3.25 31.3.24 Admin Cltni¢al 14 10 No employees received emoluments in excess of £60,000. Page 16 contlDU Ashmolè & Co. Sandy Bear Children's Bereavement Charity Notss to the Fininciil Ststements- eontlnued for the Year Ended 31st March 202S COMPARATIVES FOR THE STATEMENT OF FINANCJAL ACTIVITIES- 313.24 Unrestricted Restricted fund fijnd Totsl nds INCOME AND ENDOWMENTS FROM Donations and It￿¢1¢$ 95,046 95,046 ChAritable activitles ChildTen's Bervdvement Service 37,603 151.647 189250 Other tr&ling a¢tlVLtÉes 21,002 21.002 TotAI 153,651 151,647 305,298 EXPENDITURE ON Raising fvnds 15,647 15,647 Charitsble aetivltles aJildJrn's Bereavement Service 125,301 149,825 275.126 Totsl 140,948 149,825 290.773 NET IP4COME 12,703 1,822 14,525 RECONCILIATION OF FUNDS Totsl fvJ￿s brought foTward 186,767 70,(K)O 256,767 TOTAL FUNDS CARIUED FORWARD 199,470 71,822 271,2¥2 ii. TANGIBLE FIXED ASSETS Plani and machinery Cornputer equipment Totals COST At 1st April 2024 Additions 2,062 7.620 9,413 9,682 9.413 At 3 1st March 2025 2.062 17.033 19,095 DEPRECIATION At 1st April 2024 Charge foryear 1,017 157 1,341 1354 1358 1511 At 3 1st March 2025 1,174 3,695 4,869 NET BOOKVALUE At 3 1st MaTch 2025 888 13.338 14.226 At 315t MaTch 2024 ,045 6,279 7,324 Page 17 continu A8hmolè & Co. Sandy BeAr Children's Bere8veMent Charlty Notes to the Finan¢lal Ststements- eontblued for the Year Ended 31st March 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Debtor5 Pr¢payments 10.000 410 10,410 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Creditors Social security and other taxes Other ¢reditors Accruals 8T￿ def¢rred incotne 315 6.032 2,853 4,611 910 69.120 3,303 9,652 77.494 14. MOVEMENT IN FUNDS Net movement funds At 31.3.25 At 1.424 Unrestricted Gene¥al fund 199,470 115,7301 183,740 Restrlcted flllld5 Restricted Fund 71,822 {25.6621 46,160 TOTAL FitNDS 271,292 141,392) 229.900 N¢t movement in ￿ftds, incI￿led in the alx>ve are as follows: Incoming reSou￿¢S ResouTces ex]Knded Movement in fund$ Unrestri¢t¢d funds General fund 180,814 1196.5441 115,7301 Restricted funds Restricted Fund 273,270 (298,9321 {25.662} TOTAL FUNDS 454.084 {495,476} 141,392) Page 18 continu Ashmole & Co. SAndy BtAr Childrtn's Bereavement Charity Notes to the FSnan¢lal St4t¢ments- continued for the Yegr Ended 31st March 202$ 14. MOVEMENT IN FUNDS- tontinued ComparAtive5 for tnovememt IN funds Net movement in funds At 31.3.24 At 1.4.23 Unre$trl¢ted funds General furKi 186,767 12,703 199,470 Restricted funds Restricted Fund 70,000 1,822 71,822 TOTAL FUNDS 256.767 14,525 271.292 Comparntive net mov¢ment in fi]nds included in the above ar¢ as follows.. Incoming resources Resources expended Movement futKis Unr¢5tricted funds GeT￿l fund 153,651 1140,948) 12,703 Re5tr*tsd thnds R¢stricted Fut 151,647 1149,8251 1,822 TOTAL FUNDS 305,298 1290,773) 14525 A ¢UTrent y¢ar 12 months and wior year 12 months ¢ombined w>sition is as follows.. Net movement in funds At 31.3.25 At 1.4.23 Unrestrlcted funds Generat fimd 186,767 13.027) 183,740 Restricted funds Restricted Fund 70.000 123,8401 46,160 TOTAL FUNDS 256,767 126.867} 229,900 Page 19 continu Aghmole & eo. ndy Bear Children'5 Bere8vemellt Charity Note5 to the FinaDciAI Ststement5- Colltinued for the Year Ended 31st March 2025 14. MOVEMENT IN FUNDS- continued A eurrent yesr 12 months and prioT year 12 months combined net movement in thods, in¢lud¢d ￿ the above ate as follows.. Incoming resources Resour￿ expended Movement in funds Unrestricted funds General fund 334,465 (337.492) (3,0271 Restricted funds R¢stri¢t¢d Fund 424.917 1448,7571 123,8401 TOTAL FUNDS 759,382 {786,249) 126,8671 Restricted funds carried forward at 31st Ma￿h 2025 are the balance of fund5 received from the Hywel Dda Legacy Fund, Welsh Govetnment aod National Lottery. These fijnds ar¢ for the costs of running the premises. gether with staffjng costs and other c05t5 associated with providing services to Clients. RELATED PARTY DISCUISURES During the year, donations totalling £43.733 were received from Valero Energy. One of the Charity's Tjustees, Mr S Thornton. 15 also a senioT rneM￿r of Valero Energy. PaBe 20 A$hmDl$ & Co. Sandy BeAr Children's Bereavement Charity Detailed Stsiement of FinAIiC191 Activities for the YtAr Ended 31$t Mareh 2025 31.3.25 31J.24 IIYCOME AND ENDOWMEIYTS Donalions and leycies Donations Gift aid 126,254 1,328 93,337 1,709 127.582 95,046 Other trading Activities Fundraising events 7.713 21,002 Charlt#ble actlvltles Grants 318,789 189250 Totsl incoming resouree5 454,084 305298 EXPENDITURE her trAding activitRe5 Fundraising adiviiies 16,746 15,647 Charitable #etivltles Wages ial se¢urity Pensions Staff ex￿nSeS and training Insurance Light and hvdt Telephone Postage and ststionery Adverb5ing Subscripiions and affiliatiorbs Sessional and activity costs R¢nt Water rates Volunl¢er ¢xpenses Depreciation 275,662 18,854 5.212 14,219 233 4,738 504 409 7,174 288 29,969 16,380 240 7,509 1510 161027 9,342 3,440 3,308 167 5,656 278 436 8.936 1,070 10,918 12,087 487 5,069 453 383,901 223,674 Support costs Manigtment Wage5 Social security Pensions Offjce costs Repairs and renewa15 Payroll fees ca￿1￿ forward 46242 4,272 1,145 32,468 775 1,459 86J61 28,861 1,739 658 14,021 1.002 914 47.195 This page doe5 Trot fom] part of the statutory financial statements Page 21 Ashmole 8 Co SADdy Bexr Chlldr¢n's BereAvernent Charity Detaikd Statement of Fin4neiAI Activities for the YeAr Ended 31st Mgrch 21125 31J.25 313.24 Management Brought forward Professional fres 86J61 5,928 47.195 1,847 92,289 49,042 Governance tost5 Independent examiners fee 2,540 2,410 Total resources expended 495.476 290,773 Net (expendlture)lincome 141.392) 14,525 Thi5 page does not forni part of the statutory finan¢ial statements Page 22 Ashmole &Co.