REGISTERED COMPANY NUMBER: CE032370 (England and Wales) REGISTERED CHARITY NUMBER: 1203201
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Gwent Parent Carer Network
Golden Valley Accountancy Limited Unit 4 Westwood Industrial Estate Pontrilas Herefordshire HR2 0EL
Gwent Parent Carer Network
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 to 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
Gwent Parent Carer Network
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE032370 (England and Wales)
Registered Charity number
1203201
Registered office
Unit 2 The Old Police Station Baker Street Abergavenny Gwent NP7 5BB
Trustees
N Rogers R Meats J Meats C Rixon L Rixon (appointed 1.4.24) (resigned 28.2.25)
Company Secretary
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................
Trustee
Page 1
Gwent Parent Carer Network
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,521 48,511 EXPENDITURE ON Raising funds 2 8,075 30,217 NET INCOME/(EXPENDITURE) 11,446 18,294 RECONCILIATION OF FUNDS Total funds brought forward 5,416 - TOTAL FUNDS CARRIED FORWARD 16,862 18,294 |
31.3.25 31.3.24 Total Total funds funds £ £ 68,032 9,359 38,292 15,181 29,740 (5,822) 5,416 11,238 35,156 5,416 |
|---|---|
The notes form part of these financial statements
Page 2
Gwent Parent Carer Network
Balance Sheet 31 March 2025
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Prepayments and accrued income - 8,140 Cash at bank and in hand 17,282 10,154 17,282 18,294 CREDITORS Amounts falling due within one year 5 (420) - NET CURRENT ASSETS 16,862 18,294 TOTAL ASSETS LESS CURRENT LIABILITIES 16,862 18,294 NET ASSETS 16,862 18,294 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
31.3.25 Total funds £ 8,140 27,436 35,576 (420) 35,156 35,156 35,156 16,862 18,294 35,156 |
31.3.24 Total funds £ - 5,416 5,416 - 5,416 5,416 5,416 5,416 - 5,416 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 3
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Gwent Parent Carer Network
Balance Sheet - continued 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 4
Gwent Parent Carer Network
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Gwent Parent Carer Network
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. RAISING FUNDS
Raising donations and legacies
| Seasonal Events Expenditure Family Activities Expenditure Fundraising Costs Volunteer Expenditure Support costs |
31.3.25 £ 625 6,682 349 249 23,295 31,200 |
31.3.24 £ - 7,063 - - - 7,063 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 9,359 - EXPENDITURE ON Raising funds 15,181 - NET INCOME/(EXPENDITURE) (5,822) - RECONCILIATION OF FUNDS Total funds brought forward 11,238 - TOTAL FUNDS CARRIED FORWARD 5,416 - |
Total funds £ 9,359 15,181 (5,822) 11,238 5,416 |
|---|---|
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Gwent Parent Carer Network
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.25 | 31.3.24 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | 420 | - | ||
| 6. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
|
| General fund | 5,416 | 11,446 | 16,862 | |
| Restricted funds | ||||
| Lottery Main Grant | - | 284 | 284 | |
| GAVO RIF | - | (3) | (3) | |
| Lottery AFA | - | 18,013 | 18,013 | |
| - | 18,294 | 18,294 | ||
| TOTAL FUNDS | 5,416 | 29,740 | 35,156 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 19,521 | (8,075) | 11,446 | |
| Restricted funds | ||||
| Lottery Main Grant | 24,420 | (24,136) | 284 | |
| GAVO RIF | 4,930 | (4,933) | (3) | |
| Lottery AFA | 19,161 | (1,148) | 18,013 | |
| 48,511 | (30,217) | 18,294 | ||
| TOTAL FUNDS | 68,032 | (38,292) | 29,740 | |
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Gwent Parent Carer Network
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.23 | in funds | 31.3.24 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 11,238 |
(5,822) | 5,416 |
| TOTAL FUNDS 11,238 |
(5,822) | 5,416 |
| Comparative net movement in funds, included in the above are as | follows: | |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ Unrestricted funds |
£ | £ |
| General fund 9,359 |
(15,181) | (5,822) |
| TOTAL FUNDS 9,359 |
(15,181) | (5,822) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Lottery Main Grant GAVO RIF Lottery AFA TOTAL FUNDS |
Net movement At 1.4.23 in funds £ £ 11,238 5,624 - 284 - (3) - 18,013 - 18,294 11,238 23,918 |
At 31.3.25 £ 16,862 284 (3) 18,013 18,294 35,156 |
|---|---|---|
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Gwent Parent Carer Network
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 28,880 | (23,256) | 5,624 |
| Restricted funds | |||
| Lottery Main Grant | 24,420 | (24,136) | 284 |
| GAVO RIF | 4,930 | (4,933) | (3) |
| Lottery AFA | |||
| 19,161 | (1,148) | 18,013 | |
| 48,511 | (30,217) | 18,294 | |
| TOTAL FUNDS | 77,391 | (53,473) | 23,918 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 9
Gwent Parent Carer Network
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1 | - |
| Donations | 2,537 | 1,897 |
| Club Fees | 40,671 | - |
| Grants | 20,030 | 1,500 |
| Fundraising Activities | 597 | 1,390 |
| Club Fees | 79 | 1,214 |
| Member Contributions | 4,117 | 3,358 |
| 68,032 | 9,359 | |
| Total incoming resources | 68,032 | 9,359 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Seasonal Events Expenditure | 625 | - |
| Family Activities Expenditure | 6,682 | 7,063 |
| Fundraising Costs | 349 | - |
| Volunteer Expenditure | 249 | - |
| Other trading activities | 7,905 | 7,063 |
| Wages | 7,092 | - |
| Support costs | ||
| Management | ||
| Workshop related costs | 13,935 | 5,952 |
| Insurance | 201 | 314 |
| Light and heat | 2,923 | - |
| Advertising | 937 | 801 |
| Sundries | - | 262 |
| Other | 17,996 | 7,329 |
| Telephone | 108 | 40 |
| Postage and stationery | 3,348 | 36 |
| Travel | 722 | 713 |
| 4,178 | 789 |
This page does not form part of the statutory financial statements
Page 10
Gwent Parent Carer Network
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Other | ||
| Governance costs | ||
| Accountancy and legal fees | 420 | - |
| Training | 63 | - |
| Professional Fees | 638 | - |
| 1,121 | - | |
| Total resources expended | 38,292 | 15,181 |
| Net income/(expenditure) | 29,740 | (5,822) |
This page does not form part of the statutory financial statements
Page 11