**CHARITY REGISTRATION NUMBER: 1191383** 

## **Community Volunteers Wales Unaudited Financial Statements** 

## **31 March 2025** 

## **WALTER HUNTER & CO LIMITED** 

Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF 



## **Community Volunteers Wales** 

## **Financial Statements** 

## **Year ended 31 March 2025** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**5**|
|Statement of financial activities|**6**|
|Statement of financial position|**7**|
|Notes to the financial statements|**8**|





## **Community Volunteers Wales** 

## **Trustees' Annual Report** 

## **Year ended 31 March 2025** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. 

## **Reference and administrative details** 

**Registered charity name** Community Volunteers Wales **Charity registration number** 1191383 **Principal office** The Pantri 49 Tredegar Street Risca Newport NP11 6BW **The trustees** Miss J Davies Mrs DL Derraven Mr R Grayson Miss M Hedges Miss S Lanigan (Resigned 11 February 2025) Cllr P Leonard Cllr RG Owen Dr D Platt Mr M Tudor Miss G Spindler Vasquez Walters 

**Independent examiner** Mr Jonathan Rhodes BSC BFP FCA 

## **Structure, governance and management** 

## **Nature of the governing document and constitution of the charity** 

Community Volunteers Wales (CVW) is a Charitable Incorporated Organisation (CIO), charity number 1191383.  Originally established on 21 September 2020 as Risca Community Volunteers the charity subsequently changed its name to CVW Community Volunteers Wales to reflect its inclusive nature. 

## **The methods adopted for the recruitment and appointment of new trustees** 

Trustees, other than founding members, are appointed for a term of three years by resolution at a properly convened meeting. Selection considers the skills, knowledge, and experience necessary for the charity's effective administration. 

**1** 



## **Community Volunteers Wales** 

## **Trustees' Annual Report** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **Objectives and activities** 

## **Summary of the purposes of the charity as set out in its governing document** 

CVW exists to create strong, connected, and self-sufficient communities grounded in kindness. Our vision is a society where no one suffers the effects of poverty or isolation, and where environmental responsibility is embedded in our practices. 

Our core values: 

**WeShare** Providing support through sharing resources and food. 

**WeNurture** Tackling loneliness and supporting mental wellbeing. 

**WeConnect** Building community relationships and social bonds. 

**WeGrow** Encouraging outdoor activity and personal development. 

## **Summary of the main activities in relation to those purposes for the public benefit** 

The following is a summary of the main activities of the charity during the year:- 

- Befriending and telephone support for over 1,000 vulnerable residents. 

- Transport to Health: accessible transport for medical appointments. 

- Food support via The Pantri, providing over 12,500 meals per month. 

- Emergency foodbank for out-of-hours support. 

- Uniform scheme for four Risca schools. 

- Youth Clubs and school holiday events including discos, grotto, and Easter hunts. 

- Community Coffee Mornings at The Sycamore Centre. 

- Tin on a Wall monthly food collection. 

- Community Cook Book and cookery sessions via Multiply. 

- Bike Hub and accredited training for young people. 

- The Snug Coffee Shop: safe, inclusive community hub. 

- Friendly Friday meal club. 

- Chatty Café. 

- Billy Chip. 

- Little Treasures Baby Bank. 

## **Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit** 

The trustees confirm they have had due regard to the Charity Commission's guidance on public benefit. CVW services are available to all regardless of age, nationality, religion, or sex. We operate under an Equal Opportunities policy. 

**2** 



## **Community Volunteers Wales** 

## **Trustees' Annual Report** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **Achievements and performance** 

**Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole** During the financial year, the charity has: 

- Supported over 1,000 individuals via befriending and support. 

- Supplied over 150,000 meals through The Pantri. 

- Offset 6,400kg of CO2 monthly by redistributing surplus food. 

- 200 active volunteers, 10 salaried staff, and 8 apprentices. 

- Delivered safeguarding, food hygiene, and allergen training across the team. 

- Recognised with the Welsh Charity Award - Trailblazer category. 

- Provided work experience through DWP, colleges, and universities. 

- Supported 1,750 volunteer hours monthly, equating to over £310,000 per annum in social value. 

- Successfully secured the funding to purchase The Pantri premises at 49 Tredegar Street. The purchase will be completed in the summer of 2025. 

- Progressed to Stage 2 of the National Lottery People & Places Grant with a view to purchase The Sycamore Centre. 

In addition to the above and subsequent to the year end the charity successfully completed a Community Asset Transfer of the toilet block and kiosk at Risca Park. 

## **Financial review** 

## **Transactions and financial position** 

The financial statements are set out on pages 6 to 18. These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 

The Statement of Financial Activities shown on page 6 to the accounts discloses net outgoing resources for the year of £38,131 (2024: £12,079). 

The total reserves at the year-end stand at £34,301 (2024: £72,432). 

**Statement explaining the policy for holding reserves stating why they are held** The Board has set a reserves policy that requires: 

- Funds are to be maintained at a level that ensures core activity can continue for three months in the event of disruption of income streams; 

- Funds are to be maintained in a readily realisable form; 

The policy allows review on an annual basis. 

No funds of the charity, restricted or unrestricted, are in deficit as at 31 March 2025. 

## **The charity's principal sources of funds** 

The charity's principal sources of funding for the year ended 31 March 2025 are disclosed in note 5 to the financial statements. 

**3** 



## **Community Volunteers Wales** 

## **Trustees' Annual Report** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **Plans for future periods** 

The charity has an exciting array of activities and projects planned for the forthcoming year, focused on supporting the community, fostering connections, and addressing pressing needs. Key initiatives include: 

- Mental Health Support: Continue outdoor wellbeing activities under IWN with ABUHB. 

- Transport to Health: Expand vehicle provision and volunteer drivers. 

- Day Trips: Continue monthly outings for inclusion and mental wellbeing. 

- Clothes Collection: Ongoing outdoor bin and donation points. 

- The Snug: Increase venue hire, maintain pastoral support. 

- The Pantri: Extend access to surplus food and reduce food waste. 

- Youth Club: Maintain twice-weekly sessions with life skill workshops. 

- Risca Park: Develop kiosk into a community-run kiosk and equipment hire hub. 

- The Sycamore Centre: Secure ownership and expand community provision. 

- Collaboration: Host integrated services with partners including Flying Start, Smart Money Cymru, Job Centre Plus, and local schools. 

The trustees' annual report was approved on 21 August 2025 and signed on behalf of the board of trustees by: 

Mrs DL Derraven Trustee 

**4** 



## **Community Volunteers Wales** 

## **Independent Examiner's Report to the Trustees of Community Volunteers Wales** 

## **Year ended 31 March 2025** 

I report to the trustees on my examination of the financial statements of Community Volunteers Wales ('the charity') for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Mr Jonathan Rhodes BSC BFP FCA Independent Examiner 

Walter Hunter & Co Limited Chartered Accountants 24 Bridge Street Newport NP20 4SF 

21 August 2025 

**5** 



## **Community Volunteers Wales** 

## **Statement of Financial Activities** 

## **Year ended 31 March 2025** 

||||**2025**||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|12,560|–|12,560|3,285|
|Charitable activities|**5**|6,325|61,773|68,098|110,211|
|Other trading activities|**6**|107,348|–|107,348|59,530|
|Investment income|**7**|52|–|52|111|
|Other income|**8**|–|–|–|3,925|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Total income**||126,285|61,773|188,058|177,062|
|||`═════════`|`════════`|`═════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**9,10**|122,421|103,768|226,189|164,983|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Total expenditure**||122,421|103,768|226,189|164,983|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Net (expenditure)/income and net**||||||
|**movement in funds**||3,864|(41,995)|(38,131)|12,079|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||5,181|67,251|72,432|60,353|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Total funds carried forward**||9,045|25,256|34,301|72,432|
|||`═════════`|`═════════`|`═════════`|`═════════`|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 8 to 18 form part of these financial statements.** 

**6** 



## **Community Volunteers Wales** 

## **Statement of Financial Position** 

## **31 March 2025** 

|||**2025**|2024|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**17**|18,814|25,203|
|**Current assets**||||
|Debtors|**18**|5,185|16,249|
|Cash at bank and in hand||151,066|34,048|
|||`─────────`|`────────`|
|||156,251|50,297|
|**Creditors: amounts falling due within one year**|**19**|124,438|3,068|
|||`─────────`|`────────`|
|**Net current assets**||31,813|47,229|
|||`────────`|`────────`|
|**Total assets less current liabilities**||50,627|72,432|
|**Creditors: amounts falling due after more than one year**|**20**|16,326|–|
|||`────────`|`────────`|
|**Net assets**||34,301|72,432|
|||`════════`|`════════`|
|**Funds of the charity**||||
|Restricted funds||25,256|67,251|
|Unrestricted funds||9,045|5,181|
|||`────────`|`────────`|
|**Total charity funds**|**22**|34,301<br>`════════`|72,432<br>`════════`|



These financial statements were approved by the board of trustees and authorised for issue on 

21 August 2025, and are signed on behalf of the board by: 

Mrs DL Derraven Trustee 

**The notes on pages 8 to 18 form part of these financial statements.** 

**7** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

## **1. General information** 

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Pantri, 49 Tredegar Street, Risca, Newport, NP11 6BW. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. All amounts included in the financial statements have been rounded to the nearest £1. 

## **Going concern** 

The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.  However, at the time of signing these accounts there are no material uncertainties about the charity's ability to continue. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor. 

## **Incoming resources** 

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

**8** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **3. Accounting policies** _**(continued)**_ 

## **Incoming resources** _**(continued)**_ 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Operating leases** 

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

|Plant and machinery|-|20% straight line per annum|
|---|---|---|
|Fixtures and fittings|-|20% straight line per annum|
|Motor vehicles|-|25% straight line per annum|
|Kitchen Equipment|-|20% straight line per annum|



## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

**9** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **3. Accounting policies** _**(continued)**_ 

## **Defined contribution plans** _**(continued)**_ 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 

## **4. Donations and legacies** 

|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2025**|
|||£|£|**£**|
||**Donations**||||
||Donations|12,560|–|12,560|
|||`════════`|`════`|`════════`|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2024|
|||£|£|£|
||**Donations**||||
||Donations|3,037|248|3,285|
|||`═══════`|`════`|`═══════`|
|**5.**|**Charitable activities**||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2025**|
|||£|£|**£**|
||Caerphilly County Borough Council|4,290|21,973|26,263|
||Community Foundation in Wales|–|5,000|5,000|
||National Lottery Awards for All|–|20,000|20,000|
||National Grid|–|–|–|
||Moondance|–|–|–|
||Community Transport Association|–|10,000|10,000|
||Other income from charitable activities|2,035|4,800|6,835|
|||`───────`|`────────`|`────────`|
|||6,325|61,773|68,098|
|||`═══════`|`════════`|`════════`|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2024|
|||£|£|£|
||Caerphilly County Borough Council|14,191|30,647|44,838|
||Community Foundation in Wales|–|10,000|10,000|
||National Lottery Awards for All|–|–|–|
||National Grid|–|5,000|5,000|
||Moondance|–|40,000|40,000|
||Community Transport Association|–|6,979|6,979|
||Other income from charitable activities|3,394|–|3,394|
|||`────────`|`────────`|`─────────`|
|||17,585|92,626|110,211|
|||`════════`|`════════`|`═════════`|



**10** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **6. Other trading activities** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|The Snug cafe takings|90,383|90,383|59,280|59,280|
|The Pantri membership fees|1,751|1,751|–|–|
|Venue hire|15,214|15,214|250|250|
||`─────────`|`─────────`|`────────`|`────────`|
||107,348|107,348|59,530|59,530|
||`═════════`|`═════════`|`════════`|`════════`|



## **7. Investment income** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Bank interest receivable|52|52|111|111|
||`════`|`════`|`════`|`════`|
|**Other income**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Gain on disposal of tangible fixed|||||
|assets held for charity's own use|–|–|3,925|3,925|
||`════`|`════`|`═══════`|`═══════`|



## **8. Other income** 

**11** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **9. Expenditure on charitable activities by fund type** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Core activity, including community volunteering and||||
|support|3,606|–|3,606|
|Families First & Cookbook|–|10,943|10,943|
|We Cycle|–|2,547|2,547|
|Bags2School|–|–|–|
|Safe and Well|–|–|–|
|We Connect @ The Snug|104,110|3,893|108,003|
|We Grow|–|805|805|
|Youth Club|–|2,000|2,000|
|The Pantri|2,790|50,181|52,971|
|Sim Cards|–|–|–|
|Community Empowerment Fund|–|12,598|12,598|
|Green Grid Fund|–|5,400|5,400|
|Isolation Loneliness|–|–|–|
|Summer of Fun|608|–|608|
|Sustainable Food|–|1,896|1,896|
|Transport to Health|–|11,000|11,000|
|Ukrainian Refugees|–|–|–|
|Warm Bank|–|–|–|
|Support costs|11,307|2,505|13,812|
||`─────────`|`─────────`|`─────────`|
||122,421|103,768|226,189|
||`═════════`|`═════════`|`═════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Core activity, including community volunteering and||||
|support|2,708|–|2,708|
|Families First & Cookbook|–|11,005|11,005|
|We Cycle|–|19|19|
|Bags2School|–|672|672|
|Safe and Well|–|2,308|2,308|
|We Connect @ The Snug|57,040|4,987|62,027|
|We Grow|–|–|–|
|Youth Club|–|4,879|4,879|
|The Pantri|14,191|10,465|24,656|
|Sim Cards|–|225|225|
|Community Empowerment Fund|–|613|613|
|Green Grid Fund|–|4,600|4,600|
|Isolation Loneliness|–|1,200|1,200|
|Summer of Fun|569|160|729|
|Sustainable Food|–|6,069|6,069|
|Transport to Health|–|18,448|18,448|
|Ukrainian Refugees|–|240|240|
|Warm Bank|–|6,657|6,657|
|Support costs|13,473|4,455|17,928|
||`────────`|`────────`|`─────────`|
||87,981|77,002|164,983|
||`════════`|`════════`|`═════════`|



**12** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **10. Expenditure on charitable activities by activity type** 

||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly|Support costs|**2025**|2024|
||£|£|**£**|£|
|Core activity, including community|||||
|volunteering and support|3,606|9,242|12,848|14,296|
|Families First & Cookbook|10,943|–|10,943|11,005|
|We Cycle|2,547|1,860|4,407|1,879|
|Bags2School|–|–|–|672|
|Safe and Well|–|–|–|2,308|
|We Connect @ The Snug|108,003|2,710|110,713|66,507|
|We Grow|805|–|805|–|
|Youth Club|2,000|–|2,000|4,879|
|The Pantri|52,971|–|52,971|24,656|
|Sim Cards|–|–|–|225|
|Community Empowerment Fund|12,598|–|12,598|613|
|Green Grid Fund|5,400|–|5,400|4,600|
|Isolation Loneliness|–|–|–|1,200|
|Summer of Fun|608|–|608|729|
|Sustainable Food|1,896|–|1,896|6,069|
|Transport to Health|11,000|–|11,000|18,448|
|Ukrainian Refugees|–|–|–|240|
|Warm Bank|–|–|–|6,657|
||`─────────`|`────────`|`─────────`|`─────────`|
||212,377|13,812|226,189|164,983|
||`═════════`|`════════`|`═════════`|`═════════`|



## **11. Analysis of support costs** 

||||We Connect|||
|---|---|---|---|---|---|
||Core activities|We Cycle|@ The Snug|**Total 2025**|Total 2024|
||£|£|£|**£**|£|
|Premises|1,254|–|–|1,254|672|
|Communications and IT|65|–|–|65|1,049|
|General office|83|–|–|83|1,810|
|Finance costs|127|–|–|127|63|
|Governance costs|2,510|–|–|2,510|2,482|
|Insurance|552|–|–|552|145|
|Motor & travel expenses|329|–|–|329|4,218|
|Subscriptions|1,122|–|–|1,122|1,833|
|Depreciation|3,200|1,860|2,710|7,770|5,656|
||`───────`|`───────`|`───────`|`────────`|`────────`|
||9,242|1,860|2,710|13,812|17,928|
||`═══════`|`═══════`|`═══════`|`════════`|`════════`|



## **12. Taxation** 

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 

**13** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **13. Net (expenditure)/income** 

Net (expenditure)/income is stated after charging/(crediting): 

|Net (expenditure)/income is stated after charging/(crediting):|||
|---|---|---|
||**2025**|2024|
||**£**|£|
|Depreciation of tangible fixed assets|7,769|5,656|
|Gains on disposal of tangible fixed assets|–|(3,925)|
||`═══════`|`═══════`|
|**Independent examination fees**|||
||**2025**|2024|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|1,380<br>`═══════`|1,320<br>`═══════`|



## **14. Independent examination fees** 

## **15. Staff costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||**2025**|2024|
|---|---|---|
||**£**|£|
|Wages and salaries|96,577|57,104|
|Social security costs|467|–|
|Employer contributions to pension plans|864|140|
||`────────`|`────────`|
||97,908|57,244|
||`════════`|`════════`|



The average head count of employees during the year was 9 (2024: 9). 

No employee received employee benefits of more than £60,000 during the year (2024: Nil). 

## **16. Trustee remuneration and expenses** 

No trustees or any persons connected with them have received any remuneration during the year (2024: £nil). 

During the year the charity operated from premises owned by a connected person of a trustee. Total rent paid at arm's length was £9,600 (2024: £8,667). 

Other than the above, no other expenses were paid to a trustee or any persons connected with them. 

**14** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **17. Tangible fixed assets** 

|||Plant and|Fixtures and|Motor|||
|---|---|---|---|---|---|---|
|||machinery|fittings|vehicles|Equipment|**Total**|
|||£|£|£|£|**£**|
||**Cost**||||||
||At 1 April 2024|7,548|6,260|12,000|9,466|35,274|
||Additions|–|–|–|1,380|1,380|
|||`───────`|`───────`|`────────`|`────────`|`────────`|
||**At 31 March 2025**|7,548|6,260|12,000|10,846|36,654|
|||`═══════`|`═══════`|`════════`|`════════`|`════════`|
||**Depreciation**||||||
||At 1 April 2024|3,020|2,504|1,000|3,547|10,071|
||Charge for the year|1,509|1,252|3,000|2,008|7,769|
|||`───────`|`───────`|`────────`|`────────`|`────────`|
||**At 31 March 2025**|4,529|3,756|4,000|5,555|17,840|
|||`═══════`|`═══════`|`════════`|`════════`|`════════`|
||**Carrying amount**||||||
||**At 31 March 2025**|3,019|2,504|8,000|5,291|18,814|
|||`═══════`|`═══════`|`════════`|`════════`|`════════`|
||At 31 March 2024|4,528|3,756|11,000|5,919|25,203|
|||`═══════`|`═══════`|`════════`|`════════`|`════════`|
|**18.**|**Debtors**||||||
||||||**2025**|2024|
||||||**£**|£|
||Trade debtors||||4,185|5,059|
||Prepayments and accrued income||||1,000|9,000|
||Other debtors||||–|2,190|
||||||`───────`|`────────`|
||||||5,185|16,249|
||||||`═══════`|`════════`|
|**19.**|**Creditors:** **amounts falling due**|**within one**|**year**||||
||||||**2025**|2024|
||||||**£**|£|
||Accruals and deferred income||||118,326|3,068|
||Social security and other taxes||||2,011|–|
||Other loans||||3,674|–|
||Other creditors||||427|–|
||||||`─────────`|`───────`|
||||||124,438|3,068|
||||||`═════════`|`═══════`|



Included in accruals and deferred income is a grant of £115,000 received from Welsh Government in March 2025 to facilitate the purchase of the building from which the charity operates the Pantri.  The purchase is expected to complete in the summer of 2025.  This building is owned by the wife of one of the trustees.  See note 16 to the accounts for details of rent currently paid at arm's length for use of this building. 

Other loans is a loan received from a trustee and his wife which is also to be used to facilitate the purchase of the building above.  The principal sum was £20,000 and has been provided on an interest-free basis and is repayable over 5 years commencing April 2025. 

**15** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **20. Creditors: amounts falling due after more than one year** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|Other loans|16,326|–|
||`════════`|`════`|



Other loans is a loan received from a trustee and his wife which is also to be used to facilitate the purchase of the building above.  The principal sum was £20,000 and has been provided on an interest-free basis and is repayable over 5 years commencing April 2025. 

## **21. Pensions and other post retirement benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £864 (2024: £140). 

## **22. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
||At||||**31 March 202**|
||1 April 2024|Income|Expenditure|Transfers|**5**|
||£|£|£|£|£|
|General funds|361|14,741|(13,964)|–|1,138|
|We Connect @ The||||||
|Snug|4,820|107,172|(105,675)|–|6,317|
|The Pantri|–|4,372|(2,782)|–|1,590|
||`───────`|`─────────`|`─────────`|`────`|`───────`|
||5,181|126,285|(122,421)|–|9,045|
||`═══════`|`═════════`|`═════════`|`════`|`═══════`|
||||||At|
||At||||31 March 202|
||1 April 2023|Income|Expenditure|Transfers|4|
||£|£|£|£|£|
|General funds|1,972|10,647|(19,260)|7,002|361|
|We Connect @ The||||||
|Snug|–|59,350|(54,530)|–|4,820|
|The Pantri|–|14,191|(14,191)|–|–|
||`───────`|`────────`|`────────`|`───────`|`───────`|
||1,972<br>`═══════`|84,188<br>`════════`|(87,981)<br>`════════`|7,002<br>`═══════`|5,181<br>`═══════`|



**16** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **22. Analysis of charitable funds** _**(continued)**_ 

## **Restricted funds** 

|**Restricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
||At||||**31 March 202**|
||1 April 2024|Income|Expenditure|Transfers|**5**|
||£|£|£|£|£|
|Families First &||||||
|Cookbook|4,693|6,250|(10,943)|–|–|
|We Cycle|8,125|–|(4,407)|–|3,718|
|We Connect @ The||||||
|Snug|6,076|20,000|(4,538)|–|21,538|
|We Grow|805|–|(805)|–|–|
|Youth Club|–|2,000|(2,000)|–|–|
|The Pantri|41,611|8,570|(50,181)|–|–|
|Community||||||
|Empowerment Fund|–|12,598|(12,598)|–|–|
|Green Grid Fund|5,400|–|(5,400)|–|–|
|Sustainable Food|541|1,355|(1,896)|–|–|
|Transport to Health|–|11,000|(11,000)|–|–|
||`────────`|`────────`|`─────────`|`────`|`────────`|
||67,251|61,773|(103,768)|–|25,256|
||`════════`|`════════`|`═════════`|`════`|`════════`|
||||||At|
||At||||31 March 202|
||1 April 2023|Income|Expenditure|Transfers|4|
||£|£|£|£|£|
|Fixed Asset Fund|8,000|–|–|(8,000)|–|
|Families First &||||||
|Cookbook|–|15,698|(11,005)|–|4,693|
|We Cycle|10,004|–|(1,879)|–|8,125|
|Bags2 School|424|248|(672)|–|–|
|Safe & Well|2,308|–|(2,308)|–|–|
|We Connect @ The||||||
|Snug|9,790|3,868|(7,582)|–|6,076|
|We Grow|805|–|–|–|805|
|Youth Club|4,879|–|(4,879)|–|–|
|The Pantri|–|52,076|(10,465)|–|41,611|
|Sim Cards|–|–|(225)|225|–|
|Community||||||
|Empowerment Fund|–|–|(613)|613|–|
|Green Grid Fund|–|10,000|(4,600)|–|5,400|
|Isolation Loneliness|–|1,200|(1,200)|–|–|
|Summer of Fun|–|–|(160)|160|–|
|Sustainable Food|2,680|3,930|(6,069)|–|541|
|Transport to Health|11,469|6,979|(18,448)|–|–|
|Ukrainian Refugees|240|–|(240)|–|–|
|Warm Bank|7,782|(1,125)|(6,657)|–|–|
||`────────`|`────────`|`────────`|`───────`|`────────`|
||58,381|92,874|(77,002)|(7,002)|67,251|
||`════════`|`════════`|`════════`|`═══════`|`════════`|



**17** 



## **Community Volunteers Wales** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **23. Analysis of net assets between funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Tangible fixed assets|9,665|9,149|18,814|
|Current assets|5,144|151,107|156,251|
|Creditors less than 1 year|(5,764)|(118,674)|(124,438)|
|Creditors greater than 1 year|–|(16,326)|(16,326)|
||`───────`|`─────────`|`─────────`|
|**Net assets**|9,045|25,256|34,301|
||`═══════`|`═════════`|`═════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Tangible fixed assets|11,600|13,603|25,203|
|Current assets|(3,351)|53,648|50,297|
|Creditors less than 1 year|(3,068)|–|(3,068)|
|Creditors greater than 1 year|–|–|–|
||`────────`|`────────`|`────────`|
|**Net assets**|5,181|67,251|72,432|
||`════════`|`════════`|`════════`|



## **24. Operating lease commitments** 

The total future minimum lease payments under non-cancellable operating leases are as follows: 

||**2025**|2024|
|---|---|---|
||**£**|£|
|Not later than 1 year|22,067|18,267|
|Later than 1 year and not later than 5 years|8,000|17,600|
||`────────`|`────────`|
||30,067|35,867|
||`════════`|`════════`|



## **25. Related parties** 

During the year a loan of £20,000 was provided by a trustee and his wife to be used to facilitate the purchase of the building from which the charity operates the Pantri.  The loan has been provided on an interest-free basis and is repayable over 5 years commencing April 2025.  See also notes 19 and 20 to the accounts. 

Other than the above and the transactions noted in note 16 to the accounts, there has been no other related party transactions in the year. 

**18**