Jl. Banks Chartered AccoulltAnts Bath House Denbigbshire i8 3LW
Page ReN)rt ofthe Trustees Independent Lwninevs Report Statement of FAnancial Activiti& BalaDee Sheet Notes to the FmanC1 Ststements 10 to 17 Detailed Statement of Financial Activities 18 to 19
The ttwtees Present their rert with the fjnanciai statements of the eharity for the year ended 31 Detxmber 2024. The tThteeS have adopt the provisiolls of Accounting and Rep)rting by Charities: ststement of Recommended Praetiee applieable to charities PTepariDg their accounts in &ccordance with the Financial Reporting Standard applicable in the UK and Repub]i¢ o( Ireland (FRS 102) leffective i January 2019). Objertives and aAn Clwity Mission: Our charity mission is to pro%ide 9xi2lisatio kn to face Wd].]ng relat supwrt and learning opportunities to rnums and babies Ipre-school age) who live in Conwyor DenbigbshiTe who are experiencing social isolation, disadvdntsge or are at risk of homele&8ness. Our p[K)rt enables them to SOUDX and secLwe sustainable and mote pern]anent aceommiNlation, to acc trainsllg and emploirynent opw>rtunities, to promote p)sitive Welltn finanaal illdependence and redu( the risk of filture povety and homelessne. Our CharityV8Jues'. Our founding principles are to SUprt rnums and babies {chlldren of PTe-sdwol age) and provide them with Kindness, Reliability, Integrity. HonW, Security, Balan and Opwrtiiniti&s. Our Clwity Obiertives Are: The PToTrrision of emergeno accommodation andlor guidance and supp)rt to homeless or potentially homeless munw and babies residing in temp)rary en%rgency accommodation to souree and secure sllstainable and more pernw]ent aeeommodation, to ac£th8 trailling and eroplo)ment optM)rtunities, to prortLOte wltive wellbein& fmancial independence and r8Juee the risk of tUre poverty and hornele&sne&s. The provision of supwrt to deTr.dop community initiatiY&8 to encourage mums and babies to support eacb other and feel a seLge of ry)rnmUDityspirii co110n, and safety. Our Charitable ActivRties: Below are the nwin activities we bave undertaken dwing the TqJ)rting period to further the cl]aritys purposes for the public nefit. This finaneiol year between tkLe tst January 2024 and the 31st Jkcember 2024 the charity experienced sisnificant srowth due to being in Teceipt of continued fundingvi# LIShared Prosperity Funds. A second contract extension as a deliverv partller the Denbigbshire Engagement and Well-being Collective funded via a Ix)mmi&sioned CODtraCt with Denbigbshire County Councll's Working Deubighshire Service was awaTded along the charity securing a Conwv County Borough Councll Communities Key Fund Grallt. This fimding enabled the charity to continue offering full socialisatioty one to one well-teing suptA)rt. snack café and swap shop seThices from within it i5 Well-beiug Hub and to a]so open a second community hub within the White Rose Centre called the DevdopTuent Hub whicb focused oll providing learning and development opportunities to parents htiilst their babylehild was cared for by charity staff from inside the hubs. This remoNillg tbe barriers to aCceIng edueatiou and traini The services the charity proiided from wtthin both hubs prowd extremely popular with families. Engagement numbers increased ou month wtth the tharity Ikillg Tr%ith 476 throu8bout the financial year. Along with being responsible for tbe dirert service delivery rdating to bith Shar1 Proswity Fund LX)ntracts the charity founder worked tirele&slv to secure additional funds to eLsure tbere was a peri(M] of finaneial silienee in place at the end of the (x>ntracts. Contrart end dates were initially Set as 31st Ortober (Denbigbshire) aDd 30th November (Conmy) however underspend within b)th the contracts extended the project delivery perithl to tile 3tst December 2024. Funding from various organisatiolls induding Gw)Tt y Mor Wmdfartn and The Greggs Foundation were awarded to provide the charity with some financial stabilitytWeen5PF fimded contracts. The ckLarity founder was infornied by tx)th councils that continuation of SIA Prosperity FuDds was going to be Tnade available by the Central Covernment for the final legary year from April 2025 aDd application detai]s were to follow in the newyear. Page i
Please see below detaijs of fuuding received and proje£ts r]YIng fin8n¢ial supp)rt tbrougknut the fillancial Dellbighshire Ellgageent & well-ing Collective - DEWC - January 204 - tknmt*r 2024 - UK SPF Funds via Denbighshire County Council £191,38L.81 Funding to provide socialisation, one to oue Sllprt and learning and development oppOnitieS from two commwiity hubs in tbe Wbite Rose Centre from Jst January 2024 to 31st December 2024. £15.221 s¥as spent on renmtion costs for the DevelopUt Hub to enable the hub to open on the 8th April 2024. Conwy CA)mmunities Key Fund - April 20¥ - DecemEer 2024- SPF Funds via Conwy County Borough Couneil £40,887.71 - Funding to provide engagemellt and socialitiOn opprtunities from two a)mmunity hubs in the NTrite Rose Celltre from April 24 to 3tst Dernber 24. Denbighshire Cost of tivins Fund via Denbigbshire Countycouncil £9,600.00- Fundillg to cover premÉses costs and weekly shopping bills to provide frf(rt)d and hot drink8 to families throughout the winter months. Gwynt y Mor Wmdfam £25,000.00 - Funding to cover 6 month% staff costs for three part-tirne hub assistants April 24 - September 24 due to the DEWC coutract original plattned end date belug the 3tst March 20¥. The contract w&s re-commissioned from .Ipiil 2024 so the charity gained permission and de]ay8J use of this fund uotil tst Novernber 20¥. The fjJDds were still held on account at the 3tst December in readiness for e from tst January 2025 due to utilising DEWC underspend throughoUtN0Dalld December 2024. Greggs Community Foundation Grant £20,000.00 . Unrestrirted fun(Ls to CONEr ebaTity core costs. The charity has I1 suecssful in ing awarded two years funding as a Greggs Foundation choseD cbarityfor two years. Multiply SPF FuThds- Development Hub £11.17j.00 - GLL1 College fwids for Developmeut Hub rwm ljire costs and for the de]ivery of two 'Starting your Own Busines5. eourses whlch were facilitated bythe charity foutsder aDd the college in partnership. Police & Crime Cottunissiooer Grants £600 - North Wales Po]ice & Crime Commi&8ioner- Fwiding towaTds fami]its Chtistn]&s Paty celebration for two years. £679640 - South Wales Police & Crime CoD]missioner - FundiDg contnkntion towards charity founder salary for 6 months. Rbvl Community Partnership Grdnt- Rhyl TrlaLs £3,000- Contrkbution towards charity core costs. Blossom & BIrn Well-being Hub- N'arious Funders Special thanks to following communits" groups/organisations who have fjJndraised thentselves to enable us to provide eommullity trips and additional celebratioD events forfamili throusbout the year. Rhyl Rotary aub Ms Shirley Roberts (Coffee Morniu&) BIL4 Inner Iitheel Staw Homer (fropic Ambassador} Abergele lietball aub Bridgette Handlo (Tropic Ambassador) ToTello 13)unge St Kentigern's e The Denbigbshire Foyer Ms Maxine Hlll (The Jlum Club) TK Maxx Charity Engagement & Olltcornes Throughout the financiAI year the ¢barity ettgag with SUp)rted 476 10(xl families.405 famili&s were Denbighshire Tesidents and B fami]ies were Conwy residents. This i8 a 75% on engagement since 2023. 351 families accessed one to one keyworker support. 4104 visits to the Well-being Hub were rworded between tst January and 20tb December. 1332 visits to the Developmeut Hub were reeorded bett%wn 8th ApTR and 20th December. This data shows a data average of 21 families attending the hubs each day. 5436 - Hot Drinks & Breakfast or LcheS lieTe seThth to famili frotn the Well.bein8 Hub during the fiu8nciaJ year. Page 2
Please see below the diagram of a mum with her baby and the ]ife areas Tr¥bicb are supported by the Work of the clwityfrom within both their communityhubs. During this Annual Rewrt Period. 476 mums alldbabies e11 gupwrt bythe Charity. The charity provided fil-tirne employment to i person and part-tirne employment to 12 wple. recruited 4 volunteers and 4 additioaal board of trustees. i ttvstee ledwithIn the rern8 period. The charity remained delivering its services from the Blossom & B1M well-ig Hub, Unit 19 Whitr Rose Centre, Rh throughout the reporting period..41ong Mith also taking on the le&8e of Unit li White Rose Centre on the tst February 2024. This unit is now the Blossom & Bloom Development Hub. The hllbs are both situated in the heart of Rh town centre and are accethible to families from loam- 3pin The hubs are a place of saDetiJary, emotional and pticAl suppor4 soclalRsatio fiien&hips and a place of hope, joy, and a pathway to more wsitiye fvtures. The work of the charity has made a hugelv positive iuipact on the ]iv&4 of rnun]s, babies and their Wider faTnily units who aTe isolated or in need locally. The clwity has tho created new jobs and w)luutItig opportunities iti the The charity is firn]ly committed to eusllring all projects and 5er¥ice de]ivery ttLeet the goals within the wellbeing and tre generations act aDdhave a tA)sitiTe social impact huthin the colluuuDity. The charity is reliant ou graut funding applications and bJndTaisiDg to proTride supwrt to TtLums and babies going forward. Charity Founder/Chief Exeeutive IfkY WeLsman-Malard continue to source available funding to continue the cbarity seiceS going foTh¥atd. There is currentiyfunditig ID place for all paid staff until 3tst May 202). This year the eharity continued to generate a small income via their inhoe café and baby e&8ential swap shop and by aecepting donations thelr PavPal just giiryng account and the Easy fundraising platfonn. The charity has receiNed £19,696 from fuudraising activiti68 and donations their irttLouse café alldbaby essentials swap shop thi8 Iw. Reserves policy The charity has no avallable reserves or written EK)licy on r8serY&s ¢llentlY however the eharity has an operating sllrplus (unrestricted fid$) £60,448 at the end of the reporting peri(d. £16,000 of this is to be held as reserves to cover 3 months prernises costs induding £10,000 r]undanCY eosts.The ehartty has no available reserns or p)licy on reser currentty however the charity bas an opernting WTplus (unrestrieted funds) of £11,653 at the end of the reporting period Page 3
Blossom & Bloorn Staff Structure The charity" is controlled by its sowernins doellment and Constitutes a Clwitable llleoTP)rated Orgallisation. Recruitnt and appointment of new trnstees Our trustees baTrT been recruited iia adiTrtising on our social majia page, written appliixtion, interview with the Charity Fow]der, attendauee at a trstee meeting to discu svitabilitv. siills and experience with other trustees. DBS and non-di5qua]ification checks are then carried out prior to trustees illg elected at the following trust meeting. The trustee deckntion is then sigoed and processedIreterea with the charity cottimi&8ioD. Th15tees Meeting take place bi-mollthly (usually the first MoDd8y of every other month). leetinss are currently chaire& and minute5 are takeD by Vicky Welsman-IMillord who is the charity. founderlehief executive. %Ieetings are organised via a set Agenda and minutes are approved as &ecurnte during the following trustees meeting. Copies of the rninutes are distributed to gll trustees via email and a hard eopyheld on file in the staff office for all stakeholders to view ifrequired. The charity has inerwed their number of tru5tee5 from 6 to io over this retM)rbng period (01101124 - 31112124). Page 4
STRucfuRE, GOVERNANCE hfANAGEMEwr TneeS have adopted the following policiss sinc£ IncoryratioD. Data Protection Poliey/PrivacyNotice Health & Safety Policy CONUD-19 policy Safeguarding Policy Staff Handix>ok which includes: Code of Conduct F4uality and DiveTsity Policy Anti-Har8ssment And Bullying Policy RecDJitment and SelectioD Policy Disciplinary and Capabi]ity Prwedure Grievdnce Procedure Flexible Working Policy Maternity Policy Paternity Po]icy Adoption Poiicy Shared Parental I£ave tbirth) Policy Shared Parentsl Leave (adoption) Policy We15h Language Policy Induction and trainiDg of new trustees Trustee Roles & RespoDSibilities training Ivas delivered to trustees prior to apFrf)intment by Rachad Hobbs frorn S(ial Busine&s Wales. Newly appointed tneeS hait been sent the PowerPoint presentatiim along with inforrnation taken from the GOV.ukwebsite prior to appointment. Related parties Declaration of relevdnt parties: Vicky Welsman-Jtillard and l£e hlillard are the charity founders and they are husband alld Mife. i£e was a clwity ttlee from ino)rpoTation until 30th Novernl 2022. l£e has reCeIa no monies or remuneration from the charity. Ch1 Welsman-Tw&ie is Vicky & i£e's daughter and has been employed #s a support assistant by the charity ou a part-time basis during the reporting period. Chloe has a150 received £275 from the ebarity as a trniDiag grant for one of the murns to train beauty as Cbloe a150 has her OWD self-employed beauty business and salon in Rbyl Call Chlotique. Icky has ell a paid employee of the CRlty since ljth January 2021 except for tst December 2022 to 5th Febnwy 2023 and 5th June 2023 to iith September 2023. 1 icky 1veS an hourly rdte of £19. peT hour working on a full-time 38 hours peT Meekbasis as of 31st Dttemtr 2024. Page 5
119250ry Principal addre&8 Lllit 19 White Rase Centre Rh Denbighshire Lkn8 IEW J C Anderson J A Lawler [appointed 31.10.24) S J Harris (r8signed 18.2.25) H M DaeS L Wdliams S Parry L George S AJones-W'allaee (app)inted 29.10.24) F M tthTiS (appointed 29.10.24) J C Anderson (appointed 23.10.24) Independent FJaminer J I: Banks Chartered A¢countauts Banks House Paradise Street Rh DenbiglLshire LLi8 3LW The financial statemellts have been prepared in a(tordance with the accountiDg 1]eleS set out in notes to the aceoullts and cOpIY with the c]witv's goiErning d(Kument, the Charities Act 2051 and the releNt version of the Statement of Rlxommended Practice applicable to charities preparing their accounts iIi accordance with the Financial Reportills Standard applicable in the LT gnd Republic of ITeland (FBS 102). The eharkty has worked )nSISlelltty since incoTP)fdtion and the first rewirting period to Tecruit and train suitable staff and volunteers to deliveT qUlty peTSOll fcc wd1-11llg and development services which make a difference to the of mums and babie5 who requiTe the optM)rtunities and erLcouragement to thrive. The cbarits. is now able to ffiqdence the bigb need for the serylice and to celebTate the outcomw a¢hieved during this reporting period glld since incorw>ratio For the next reporting period the ith of trustees and staff team are committed to continuing to deliver their charitable altus and ob]tiVeS, to strengthening the strategc 10 and financial regijienee of the charity as well as con1inuing to de%elop links Thith other third sectots oTganis&tioDs and statutory seThices to ensure our support services are availableto any mums andbabies who Deed us moNryDg forward. Apni',ifved bv order ofthe board of tD*stees on 21 May 2020 and signed on its bebalf by. I.L)Jw3 L Williams- Trustee Page 6
Independent exanyiner's report to the truste of B10580m & Bloojn I Tetx)rt to the charity trustees on my exatnitts9ll of the accounts of Blo&som & Bl(N)m (the Trust) for the year ettded 31 December 2024. Responsibl]itie8 and basis of re)rt As the charity trustees of the Trust you are Tes)n11e for the preparatiOD of the accounts in &cu)rd8llce with the requirements of the Charities Act 20u Cthe Ad). I retK)rt in reSt of my examination of the Trst.$ accounts carried out wider Section 145 of the Act and in carrying out my inatiOn I have followeAI all applicable DirectsODS given by the Clwity Commission under Sectiou 145(j)(bl of the ACL Independent wminer's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed Ertmty. I can eo)]fim that l am qualified to undertake the wminatioll twau5e I am a member of the Institute of Cltered Accountants in England and Wales, which is one of the listed1les. I have completed my examillatioll. I eonfinn tlwt no terIal atterS have Ly)me to my attention in cottnection with the wmination gtving me cause to believe that in any material respecL accounting records weTe oot kept inTespt of the Tn)st as requir8lby Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not o)mpl) Mith the applicable r]rtments 0)nrnIng the forni and content of accounts set out in the Charities {Aecounts and Rep)rts) ReguhtiotL8 2008 other than any requirement that the accounts give a true and fair view wbich is not a matter eonsidered as part of an independent examination. I have no eoncerDS and bave come acr(5 no other matters in nntion with the examination to which attelltioo should be drawn in this reFrfbrt its order to enable a propeT understanding of the accounts to be ched. Your attention is drawn to the fart that the eharityhas prepared the accourkts in accor(Janee with the relevant versions of the Statsment of Recornmended Praetice applicable to clwiti&8 preparing theiT accoullts in accordance with the Finaneial Reportkug Standard applicable ID the Ll aDd Republic of treland tFRS 102) iti preference to the .4ccounting and Reporting by Cknities: Statrment of RecommeDdLyJ Practice i&sued on I April 2005 which is referred to in the extallt regulatious but has F*enwithdrawn.We understand that this has been dtsne in order for the accounts to promde a true and fair view inae(y)rdance with UKGeneTally ACpted Accounting Practice. E J Anderson J V Banks Chartered Aecoulltants Banks House Par&dise Str Rbyl Dellbighshire 21 Ma) 2025 Page 7
31.12.24 Total funds 31.12.23 Total funds fund funds Note5 Donatio9 and legacies 262 Charitable activities Support provisioll WellbeiDS & Development Hubs 5.075 10.274 21)9,984 53.170 215.059 63A44 78,255 4.091 Other 26 NET INCOMEI(EXPENDTfuRE) Transfers between funds 41,913 (IA20) 40A93 46,053 (8 Joi) 46.053 Net movement in fund8 RECONCIIIATION OF FUNDS Total funds brought fomrd 40,493 u,6s3 51.482 63,135 17,082 io The notes forni part of th&se fillanci statements Pase 8
31.12.24 Total funds 31.12.23 Totsl fjJDILs LTDrestrICt R&8trirted fijnd funds FLYED E18 Tangible assets 8J25 26,327 Debtors Cash atbaDk 13.293 13,293 110,842 62.891 CREDTfoRS Amounts falling due witbin ODe year (2,rn) (.768) (,539} (4,014) 43.180 103,628 63.135 io Ullrestrirted fia$. General fund Restrieted funds.. DEWC Projert Gwynt l Mor Micro Grant Poli & Crime c0mll]0DeT The Rotary Club Cost of Liiing Fund Conwy Community Key Funds 6oA48 11.653 42.955 25,000 7.402 1,862 8,219 927 7,600 io The financial ststements were approved by the Board of Tn]stee5 and authori8ed for issue on 21 May 2025 and were signed on its belf by. L wll11all. Trustee The notes forrtL Port of these financi81 statements Page 9
men Basis of preparlng the fmancial statements The fllLaneial statements of the ebarity, whieh is a publie betsefit entity under FILS 102, have been prepared in accordanL with the Cbarities SORP IFRS 102) 'Accounting and Retrf)rting by Charities: Statement of Recommended Practice applicable to tharities preparÉng their accowits in a¢coTdance with the willanci Rep)rting Standard applicable iti the and Repllblie of Ireland (FBS 102) (effective i January 2019)., Financial RertIng Standard 102 The Financial Re)rtIng Standard applicable in the UK and Republic of Irelalld, and the Charities Act 201L The finaDCi81 statsments have been prepated under the historid o)st convention. The aceowits have been prepared iu aecordAnee with the re1llt version of the Statement of Recommended Practice applicable to clwities preparing their a)Ullts in accordance with the Financial Reporting Standard app]icable in the and Republic of Ireland IFPS 102) and the Charities Act 2011 and UK Generall? Accepted Accounting Practice. The &ceounts ha%E been prepared to giTrp a'true 8nd fair, view aJd bave departed from the ChaTities (Accounts and Re)rts) RegulatioDs 2008 only to the Lyient required to provide a'true and fair, view. This departtwe Ill-ed folloThitig the rdevdnt Trtrsion of the Statement of Recommended Practtce applicable to charities preparing theÉr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelAnd (FRS 102) than the Accounting and ReKx)rting by Charities: Statement of Reconll)nded PrdCti(* efftive from i ApTiI 2005 w]Jich has since been withdrawn. Income All ineome is recognised in the Statenient of kncial Activities once the charity bas entitlement to the funds it is probable that the income will ]x recei and the amount egn Ee measured re]iably. Liabi]iti&s are recognised as expenditure as s(M)n as there is a legal or Constructi obkngation committillg the clwit!. to tbat expeDdTtllre, it is probable that a transfer of economic benefits will be required settlement and the amount of the obligation call be rneasured reliabl). Expellture is accounted for on an acends basis and has Iell classified under beadillgs that agsregate all cost Tel&ted to the category. IYheTe costs cannot be direetly attributed to particular headings they have been allted to activities on a basis consisteIitwith the use of resources. Tangible fixed assets Depreciatioll is provided at the following annual rates in order to write off eath asset over its estimated USefi life. FixtUTes and fittings % on rlucIng balan( Taxation The chlty is exempt from tsx on its charitsble artivities. Fund aceountlng b'nrestrieted funds can k used in ac(x)rdance with the c])aLitsble objectives at the discretion of the R&8tricted bjnds can only uwj for particular restricted pllrpo witbin the objects of the Charity. Restrictions arise when Sllfied by the donor or when fid$ are raised for particulaT restricted purtM)ses. Further explanation of the nature and purtKkqe of each fulld is induded in the trustees. rep)rL The restricted funds are as follows: DEWC project- Denbighshire engagement and well being cOlltive. Collttnued contrdct extension via Denbighshire County Council. Worknllg Denbighshire Lmbrell2 vi2 Shared Prosperity Fuuds. Page io continued...
tast ACCoU¥G POIICKFS. Continued Fund accounting Gwynt Y Mor fNIiero Grant - Windtarni grant futtding to wyer 6 moDtILS Staff eA)5ts from April to September 2024. the DEWC contract W&8 rwoIIimssioD8J. the use of this fund was delayed witil January 202). Police & comml00er - grdnt fimding to (x)ver contrl)ution towards operational manager salary from April to Septernlw 2024. Ks the DEWC coutrad was re-IxJmmis8ion8L the use of thts fund was delayed unth January 2025. The Rotary aub- doDation to fund CODiplete babytx)xes to bewen to newty expect8Jit mums who are strugg]ing financially.. IKC Cost of LiNryng Fund- grant fjjnding doDation to cover hat and Iht and weekty sbopping bills in the well being hub from December 2024 to March 202 Conwy Ci>mmunity Key Funds . grant fijnding to provide enga8emeDt ond la]iSatiOn opportunities from 2 COtDtllunity hubs operated bi" the Chority". Rentals paid under operating leases are charged to the Statement of Financial ActitieS on a straight line basis over the period of the lease. The charity operates a defined contribution pension scheme. CoDtributiODS pai•ble to the clwitys pension scheme are charged to the stateDllt of Financial Activiti&8 ill the period to wbieh they rdate. 31.12.24 31.12.23 31.12.24 31.12.23 The airTage monthly number ofemployees during the yearwas as follows: 31.12.24 li 31.12.23 Support staff No employee5 received emoluments in exeess of £60,000. Page li contillued...
the Unrestricted Restrirt fi]nd fidS Total fi]nds Ih)nations andlegacies 126 Charitable aCtitieS Supy>rt pr0iry5ion Wellbeing & Development HuFks 8A35 69,820 ,u8 78.255 14,091 1 082 Total 12 NEf COmE 2581 43,472 46,053 Net movement in funds (w) 46,IT7 46,053 RECONCILIATION OF FLryDS Total funds brougbt forward &305 17,082 FORWARD and COST At i Januarv 2024 Additions 5,009 11,073 io At 31 December 2024 DEPRECIATION At i January 2024 Charge foryear 751 At 31 December 2024 BOOKVALUE At 31 De[r 2024 At 31 Decemlw 2023 Equipment with a net Ik vajue of £37 was transferred from the DEIIC Project Grant r&8trieted to the general fuDd during the )ar.The transfer took as the DEWC Project Grant fimd had been fully utilised, and the equipment transfer1 to geneThJ use. Page ¢ontinued...
Note 31.12.24 3L12.23 Otber debto Prepayellts 12,768 26,327 26 31.12.24 31.12.23 Bankloans and oTrTrdrafts (see note 8) T&xatioll and social security Other creditors 2,503 268 295 oi LOANS An andysis of the maturity of loans is given 10. 31.12.24 31.12.23 Amounts f2]]ing due wÉthin One year on denund: 12, 'et o*tment in ndS between nds At 1.1.24 31.12.24 General fulld 11.6&3 41914 6.881 60,448 Restricted fullds DEWC Project Yfvlor blicro Graut Police & Crime Cowmi&8ioner The Rotary Club Cost of LiTring Fund Conwy Community KeyFunds 42.955 [28} (6,881) 546 25,000 7,402 1.862 8,219 25.000 7,402 935 619 927 6.881 io Pase 13 c0ntinll...
Net movement in funds, included in the atx)ve are as follows: Incoming Resources Movement re4ources expended in fi¢8 Unrestricted funds General nd (15A30) 41,914 DEWC Project Gwynty Mor MicTO Grant Police & Crime Commissioner The Rotary aub Cost of LaNing Fund Collwy Community Key Funds (208,384) ts5,528) 25,000 7,402 935 619 25.000 7A02 IA30 2.000 (495) (1,381) 262 COMpar1Ve8 for m0vellt In fid8 Net movement between in fi0$ funds At 1.1.23 31.12.23 General fiind 2&1 (2.705) 11,653 Restricted funds CommuDitY Renewal Fund tittle hlagic Grants Third Sector Resaience Fund Tohi] Centre Entrepreneurship Fulld Warni Welcome Grant DEIVC Projert The Rotary Club Cost of tiTrryllg Fund 1275) 530 {5.310) (880) (995) 42,955 927 5.310 880 (2,605) 42,955 927 Page continued...
Comparative net rnovement in funds. induded in the ab)ve are as follows: IDlX)ming Resources Movement re9)Ur expended in funds General nd .0&8 (,452) 2,581 Coullnunitr Renewal Fund Little Nlagic Grdnts Third Sector Resilience Fund Town Centre Entrepreneurship Fund Warni Welcome Grant DEWC Project Gwt Y Mor Micro Grant Police & Cri]ne Commissioner Rb!4 Cornmunit! Partnership Grant Rhyl Town Council The Rotary Club Welsh Govchild Poverty Strategy Grant Cost of living Fwid (27)) (5jO) ts,310) (880) (2,395) (49.679) (1,000) (11.793) ts,000) (500) (673) (275} (550) (5,310) (880) (995) 42,955 IAOO 92,634 I,000 11,793 5.000 joo 927 4995 7.600 (4,995) 02 Actsentyear months and prior year 12 months combinedp)sition is &$ follows: Net Transfers movement i*twee in lld$ funds At 1.1.23 31.12.24 General fund 44A95 4,176 Communit) Renewal FuDd Little l.lagie Grants Third Sector Resilieuce Fuud ToTr%m Centre Entrepreneursbip Fund Warm Trleleome Grant DEWC. Project Gwt YNIOT Micro Grat Police & Crime Commissioner The Rotary club Cost of Fund Collwy Community Key Fullds 275 sio (27 ts,310) (880) (99)) 427 25,000 7,402 862 8,219 5,310 880 (2.605) (6.881) 546 25>000 7,402 1,862 8,219 io 628 Page continued...
A current year 12 months and prior year Euontbs Mb]nlt rnovement in funds. induded in the aEK)ve are as follows.. r}x)ur expended in ndS General fvnd T2JT7 (27,882) 4U95 Community Renewal Fund Little Magie Grants Third Sector Resilience Fund Town Centre Entrepreneurship Fuud Warm Welcome Grant DEWC Project Gwynt Y Mor hlicTO Grdnt Police & Crime CoTnmissioner Rh)4 Cornmunity Partnership Grant Rhyl ToknT C(Juncil The Rotary Club Welsh Gov Child Povertystrategy Grant Cost of Li%ing Fund Conwy Cornmllnity Key Funds (275) ts50) ts,310) (880) (2,395) (258,063) (1,000) (11,793) ts.000) {500) (1.168) 1275) (880) 1995) 7,427 25,000 7A02 IA¢)0 265A90 26.000 L9,195 500 3,030 1,862 4*995 14,995) (1,381) 8,219 6,81 61 £1344 was traDsferred from the DEWC PrOjt Fund to the Gelle Fund to cover costs cbarged to the Genera] Fund in the previow year. £5,537 Th7s transferred from the DEW'C Pmject Fund to the General Fulld. This amount consisted of transfer of hub equipment Wtth a uet bk Tr71ue of £5fj37 which has been trartsferj to general use following utiiisatiou ofthe fimd. A total of £6,881 was transferred from the DEWC Proiert FuDd to the Gener81 Fund during the year. io. The following employe&8 were paid remuneration during the lod as follows: M$ F LeS was an ernployee ktween 2) Aprll 2024 aDd 31 Ortober 2024. She apEN)inted as a trustee on 29 OCtor 2024. Nls paid was paid gro&s $8laryof £10,050 during the period. Ms J Iawler resigned as an emplo)Ee and was apw)iDted as a trusLee on 31 (ktober 2024. She was paid gross salary of £18,T25 durillg the period. The Board of Trustees appro%td the app)intsnent of Ms Ils I£wis and Ms 12wler, along with the level of remuneration paid, and consider that there are no i&sue5 arising in relatioa to conflirt of interest concen. The following employ¢es. iyho Previously been trustee4 %•ere paid Temunerdtion in tbe period as follows: Page 16 eontinued...
io. RELATED PARTYDLSCLOSURES. contiDued Ms J Garratt Tested as a trustee OD i Marcb 20 to take on apaid rol& She was paid gross salary of £25,547 duTing the period. Ms V Welsnwi-millard was a trStee from 24 November 2020 until January 2021. then again from i December 2022 to 5 February 2023. she was paid sross sa]aryof £&5.824 during the peri¢)d. 11. GOING CONCERN [e to lack of secure significt tll[e funditig, the charity pkns to close its current service provision on 30 Ma}" 2025, with the remaini stoff leaving OD 30 June 2025. The tntstees have approved plans to keep the charity running until 31 December 2025 at the earliesL offeriug the hubs as spaces to support se]f emplo)Inellt. There are sufficient fidS to eoNrr premises c05ts for up to one yeaT. The charity cotktinues to seek o)ntinuation funding. The trustees hast a reasonable expectatioD that the charity b&8 adequate resollr and re8erYes to continue in operntioual existence until at least 31 Decemter 2025. the trustees Consider it appropriate to adopt the going ry)ncern b&sis of acUnting in preparing the financial statements. Page 17
eds 31.12.24 Totsi funds 31.12.23 Total fun(Ls funds Donations and legacies DonatioDs GTants 23,165 23,165 1&032 126 262 262 57.344 262.346 319,690 4155 Clwitable Vdrtivitie8 Thistee8' salaries 650 300 68,319 Wages Social security Pensions Rates and water Iight and heat Postage and stationery Advertising Sundries Event costs RefresbllLents Courses and training Gifts Hub running costs Repairs and cleaning Baby IKJX costs Start l.our (hyn Business Costs Travel costs J92.630 8.686 3,132 1,580 9S45 1,0 1.220 192,630 8,686 3,132 1,580 9545 1.136 1,220 216 4,770 80 674 404 515 1.950 180 894 120 1,143 20 4T33 37 1.685 2.327 3,229 I,T37 28,434 lo61 495 31,663 12.298 495 2,634 1.276 9.035 673 2,634 16 .240 259J82 272,622 87,062 Support CO8ts Management Rent payable Insurance Telephone Postage and stationery AdvertiS5ng Sundries interest Subscriptions and training Repairs and computer Costs DonatioLs ManageTrent aud SUprt costs Carried fonyard 288 454 422 292 324 1.917 391 612 921 963 425 208 1.243 503 20 1.680 6.345 r21 &993 This page does not form part of the statutoryfiDaDcial statements Page 18
31.12.¥ Totsl funds 31.12.23 Total fimd5 fullds Management Brought fonYaTd DepTeciatiotk of tsngible and heritsge assets 721 2,993 6,345 2.1 2,993 5.183 7.096 Accountancy Totsl resources expended 26 Netineome This page dots not forni part of the stattitoryfjnallcial statements Fage 19