Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

**REGISTERED COMPANY NUMBER: 14548949 (England and Wales) REGISTERED CHARITY NUMBER: 1207238** 

## **Report of the Trustees and** 

## **Financial Statements for the Year Ended 31 March 2025** 

## **for** 

**Care & Repair Monmouthshire & Torfaen Limited** 

Menzies LLP, Statutory Auditors 5th Floor Hodge House 114-116 St Mary Street Cardiff CF10 1DY 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Contents of the Financial Statements for the Year Ended 31 March 2025** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|6|
|**Report of the Independent Auditors**|7|to|8|
|**Statement of Financial Activities**||9||
|**Balance Sheet**||10||
|**Cash Flow Statement**||11||
|**Notes to the Cash Flow Statement**||12||
|**Notes to the Financial Statements**|13|to|21|
|**Detailed Statement of Financial Activities**|22|to|23|





Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **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). 

The trustees of Care & Repair Monmouthshire and Torfaen are pleased to present the annual report for the period 1st April 2024 to 31st March 2025. This report outlines the charity's activities, achievements, and financial performance during the period, providing a clear overview of how the Charity has met their objectives and continued to help older people within the communities of Monmouthshire and Torfaen. 

The trustees of Care & Repair Monmouthshire and Torfaen confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit. In carrying out their duties, the trustees have ensured that the Charity's activities are in line with the public benefit requirements, focusing on providing vital services to support older people in the community. 

Care & Repair Monmouthshire and Torfaen exists to enable older people to remain living independently in their own homes through the improvement of their housing conditions and therefore their levels of comfort, safety, security, and wellbeing. The Objects of the Charity are for the public benefit and specifically restricted to relieve the needs of people living in the areas of Monmouthshire and Torfaen who are disadvantaged by reason of age, ill health, or disability, in particular but not exclusively by the provision of housing advice and support. 

Page 1 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Report of the Trustees for the Year Ended 31 March 2025** 

## **Objectives and activities Objectives and aims** 

The primary objectives of the charity are to: 

- **Promote safe and independent living.** 

- **Ensure the financial stability of the charity.** 

- **Deliver high-quality, client-centred services.** 

- **Advocate for and empower older people.** 

- **Be a good employer.** 

- **Partner with others to achieve shared goals.** 

To achieve these objectives, Care & Repair Monmouthshire and Torfaen has continued to deliver essential services, including: 

**1. Healthy Homes Checks** - Delivering a quality home-visiting service that is Casework led. These home visits included a holistic client/home assessment with focus on falls prevention and home/personal safety. 

**2. Technical Service** - Delivering a professional service, providing technical advice and managing building work effectively. Liaising with contractors, utilities, funders and local authorities where necessary. 

**3. Preferred Contractors** - The charity has maintained good links with local contractors, including the management of a 'preferred contractor list'; ensuring problems are resolved by using good value and trustworthy tradespeople. Supporting clients to maintain and adapt their homes, promoting safe and independent living. 

**4. Minor Adaptations** - The charity offers a highly effective and efficient minor adaptation service in partnership with Torfaen County Borough Council, Monmouthshire County Council, Welsh Government, local Housing Associations and Aneurin Bevan University Health Board (ABUHB). The service delivers excellent value for its clients. These adaptations play a key role in enhancing safety and supporting individuals' independence in their homes. 

Additionally, the service facilitates timely hospital discharges by providing necessary interventions that enable clients to return home safely and continue living independently. 

**5. Advice** - The charity offers free, impartial advice, information, and support on a range of issues, including welfare benefits, financial aid, social care services, energy-saving measures, gas safety and access to community groups. By maintaining strong partnerships with both national and local organisations and voluntary groups, the charity ensures comprehensive support. A regularly updated resource library is available, and the Caseworkers possess an extensive knowledge of local services, providing clients with valuable, relevant guidance and assistance. 

**6. Small Measures** - Caseworkers have been able to provide a range of small measures to support client safety and independence. Including the provision of carbon monoxide detectors and a variety of assistive technology. 

**7. Client Income Maximisation** - The Healthy Home Check assessment includes a check on welfare benefit  entitlement and support claims that maximise client income (including access to crisis funds and one-off payments) 

**8. Fundraising** - Caseworkers have made applications to charitable organisations and community groups for one-off payments for clients towards essential home adaptations and repairs. 

**9. Hospital to a Healthier Home Service** - The Charity has partnered with Aneurin Bevan University Health Board to employ two hospital-based Caseworkers whose primary objective is to ensure patients living environments do not delay discharge. The service works with hospital teams and patients to identify and resolve housing problems that may lead to a delayed discharge. Following discharge, all patients are also offered 'Healthy Homes Check' to support them to live independently and safely at home and prevent unnecessary hospital re-admissions. 

**10. Managing Better Service** - In partnership with RNIB, Stroke Association, RNID and Alzheimer's Society Cymru . The service supports clients who have sensory loss, stroke survivors or clients living with dementia to live safely in their own homes by assessing for any additional aids or adaptations that may be needed to ensure this. The Managing Better Caseworker works closely with health practitioners and relevant organisations to ensure a client has support to remain independent. 

**11. Healthy Homes Initiative** - The charity has worked in partnership with GP surgeries in Torfaen and Monmouthshire to help patients remain independent and reduce the risk of hospital admission. 

**12. Older Not Colder** - The charity has worked in partnership with Wales and West Utilities to deliver this project that aims to improve energy efficiency and tackle fuel poverty in the Gwent area. 

In addition to providing quality, client-centred services, the charity has also carried out the following activities to ensure the objectives are met: 

Page 2 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Report of the Trustees for the Year Ended 31 March 2025** 

1. The Charity has maintained strong links with referring partners and external organisations. Maintaining effective referral protocols with key operational partners in Housing, Social Services, Health and Third-Sector organisations. 

2. The Charity has maintained its 'Alternative Office' status with the Department of Work and Pensions for welfare benefit applications. 

3. The charity has maintained its commitment to staff by continuing to invest in their well-being. In 2024/25, the Board approved a competitive cost-of-living increase to help retain employees and boost morale. This strategic decision highlights the charity's dedication to supporting its workforce and ensuring long-term staff retention. 

4. The Charity's training and development practices reflect their commitment to equipping staff with the skills and confidence needed to perform their duties effectively. Care & Repair Monmouthshire and Torfaen recognise that the employees are the organisation's most valuable asset, and to enhance overall performance, it is crucial to continually invest in their development. Training has been delivered through a combination of face-to-face group sessions, role-specific external courses, and E-learning opportunities provided by Care & Repair Cymru, ensuring staff are supported at all levels. 

5. Care & Repair Monmouthshire and Torfaen have effectively used social media as a platform to advocate for and empower older people in the community. Through regular updates, informative posts, and engagement across  channels, the Charity has raised awareness of key issues affecting older people, including safety, independence, and access to services. By sharing valuable resources, success stories, and guidance, the Charity has helped to connect older people with essential support and encouraged active participation in local initiatives. 

6. The Charity has renewed several Service Level Agreements with key funders to ensure the ongoing financial stability of the charity. 

Page 3 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Report of the Trustees for the Year Ended 31 March 2025** 

## **Strategic report Achievements and performance Charitable activities** 

Over the period 1 April 2024 to 31 March 2025, Care & Repair Monmouthshire and Torfaen has: 

- Received **6302** service requests. 

- Helped **4658** clients. 

- Carried out **1304** Healthy Home Checks. 

- Helped **169** clients with technical advice and support. 

- Helped **1** 45 clients with welfare benefit applications, raising an additional **£705,518.00** in annual income. 

- Helped **48** clients complete private-funded works valued at **£182,185.00** using our preferred contractors. Facilitated **3817** minor adaptations for **2550** clients via a range of grant funding. The total cost of grant-funded 

- - work was **£779,119.73.** 

- Facilitated **686** minor adaptations that assisted with hospital discharge. 

- Received a satisfaction rate of **99%** with **94%** of clients surveyed saying they would recommend the services of 

- - Care & Repair Monmouthshire and Torfaen. 

## Particular highlights of the year were: 

The Agency achieved Cyber Essentials accreditation during 2024/25, this serves as a foundational layer of cyber security for organisations looking to safeguard their data and systems from common cyber threats. 

Following the Agency becoming a charity, a hardship fund was set up and we invited clients to make donations if they wish. The Agency has also successfully applied for "Gift Aid". During 2024/25 we received donations totalling over £9,000. 

In June 2024 the Agency was re-accredited with the Advice Quality Standard following an external audit of our systems, policies and procedures. 

Torfaen Voluntary Alliance awarded the Agency revenue and capital funding in January 2025 to pilot our Healthy at Homes Initiative for patients with respiratory illnesses in Torfaen. 

The Agency was successful in a bid to Electrical Safety First and awarded £10,000.00 capital funding to carry out electrical safety works in our clients' homes. 

The Agency commissioned a Health and Safety audit to ensure compliance with all regulations and ensure best practice is being implemented. 

## **Challenges and Opportunities** 

Despite the successes of the past year, Care & Repair Monmouthshire and Torfaen faced several challenges, particularly around staff absence and internal staffing matters. The Agency received excellent support from our HR consultant in resolving issues and ensuring compliance with policy and procedure. 

Rising costs of materials and labour presented a challenge in ensuring value for money and protecting internal adaptations budgets. This was further exacerbated by the long-term absence of the Safety at Home Technicians. 

The prolonged rollout of the new national database system meant the Agency was faced with additional costs and a strain on staff resources to facilitate the implementation of the new system. Moving to a new database part way through the financial year proved challenging and time consuming, however, the staff rose to the challenge as they worked hard to ensure a smooth transition. 

## **Financial review** 

## **Financial position** 

During the financial year, Care & Repair Monmouthshire and Torfaen received income from a range of sources, including grants, donations, and contracts with local authorities. Total income for the period was £1,503,485. Our expenditure for the period was £1,435,151, with the majority of funds allocated to direct service delivery, including home adaptations, repairs, and assessments. 

The charity's financial position remains stable, with reserves of £558,574 at the end of the period. These reserves are in line with our reserves policy, which ensures that we have sufficient funds to cover three months of operating costs in the event of an unexpected reduction in income. 

We remain committed to diversifying our income streams to ensure long-term sustainability, particularly in the face of increasing demand for our services. This includes exploring opportunities for additional grant funding, new partnerships, and community fundraising. 

Page 4 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Report of the Trustees for the Year Ended 31 March 2025** 

## **Strategic report Future plans** 

Looking ahead, Care & Repair Monmouthshire and Torfaen has ambitious plans to: 

- Expand our range of services to meet the growing needs of older people, particularly in relation to energy efficiency and hospital discharge services. 

- Raise £11,000 in donations through fundraising over the next two years to increase the support provided to clients in financial difficulties with essential repairs and adaptions. 

- Strengthen our advocacy work to ensure that the voices of older and vulnerable people are heard in discussions around housing and social care. 

- Secure additional funding to meet the rising demand for our services, ensuring that no older person in Monmouthshire or Torfaen is left without the support they need. 

- Achieve Cyber Essentials accreditation. 

- Review of Agency office/store accommodation to ensure they continue to be fit for purpose/value for money taking into consideration hybrid working. 

- Ensure robust governance by recruiting new Board members to ensure a broad range of skills and experience. 

## **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. 

## **Governance and Structure** 

Care & Repair Monmouthshire and Torfaen is governed by a Board of Trustees who are responsible for the overall strategy and direction of the charity. The Board meets regularly to review progress, ensure compliance with regulations, and oversee financial management. 

The day-to-day operations of the charity are managed by a dedicated team of staff, led by the Chief Officer, who reports directly to the Board. We are proud of the commitment and expertise demonstrated by the team in delivering high-quality services to older people in our community. 

## **Conclusion** 

The trustees are proud of the progress made by Care & Repair Monmouthshire and Torfaen over the period. Despite increasing demand, the charity has continued to provide invaluable services to older people within our community. The Trustees extend our heartfelt thanks to our dedicated staff, funders, and partners for their ongoing support. 

Together, we look forward to building on our achievements and continuing to make a positive impact in the lives of older people. 

## **Reference and administrative details Registered Company number** 

14548949 (England and Wales) 

## **Registered Charity number** 

1207238 

## **Registered office** 

Room S2, Sycamore Suite Caerleon House Mamhilad Park Estate Pontypood Torfaen NP4 0HZ 

## **Trustees** 

I Bakewell - Local Government Officer Mrs K Deakin - Senior Management Mrs E Jones - Group Manager Mrs S Tipping - Local Government Officer (resigned 10.5.25) Mrs F Williams Trustee (appointed 15.10.24) Mrs C Love Trustee (appointed 15.10.24) 

Page 5 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Report of the Trustees for the Year Ended 31 March 2025** 

## **Reference and administrative details Auditors** 

Menzies LLP, Statutory Auditors 5th Floor Hodge House 114-116 St Mary Street Cardiff CF10 1DY 

## **Statement of trustees' responsibilities** 

The trustees (who are also the directors of Care & Repair Monmouthshire & Torfaen Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair  view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In so far as the trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

## **Auditors** 

The auditors, Menzies LLP, Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting. 

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 22-Oct-2025 

........................................................................ Mrs C Love - Trustee 

Page 6 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Report of the Independent Auditors to the Members of Care & Repair Monmouthshire & Torfaen Limited** 

## **Opinion** 

We have audited the financial statements of Care & Repair Monmouthshire & Torfaen Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 

- In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or  conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard. 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course  of the audit, we have not identified material misstatements in the Report of the Trustees. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

Page 7 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Report of the Independent Auditors to the Members of Care & Repair Monmouthshire & Torfaen Limited** 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Our responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

Our planning procedures identify the legal and regulatory frameworks applicable to the operations and financial statements of the company. These are reviewed internally with the audit team including relevant industry experience and expectations as well as externally with the client management. The key laws and regulations we considered in this context were the UK Companies Act 2006, UK GAAP (FRS 102) and relevant tax legislation. 

Once identified, we assess the risks of material misstatements in relation to the laws and regulations, irregularities, including fraud and adjust our testing accordingly.  Our audit procedures include: 

- Discussing with trustees and management which areas of the business they believe to be more susceptible to fraud, and whether they have any knowledge or suspicion of fraudulent activities; 

- Obtaining an understanding of the key controls put in place by the company to address risks identified, assessing the effectiveness of those and discussing how these are maintained and monitored internally; 

- Assessing the risk of management override and review and testing of journal entries made into the accounting system; - Challenging assumptions and judgements made by the company in relation to the significant accounting estimates employed in the preparation of the financial statements; 

- Discussing with trustees and management the legal and regulatory obligations of the business and whether they have any knowledge or suspicion of non compliance. 

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularities likely involve collusion, forgery, intentional misrepresentation, or the override of internal controls. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


Victoria Carter (Senior Statutory Auditor) for and on behalf of Menzies LLP, Statutory Auditors 5th Floor Hodge House 114-116 St Mary Street Cardiff CF10 1DY 

23-Oct-2025 Date: ............................................. 

Page 8 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Statement of Financial Activities for the Year Ended 31 March 2025** 

|**Notes**<br>**Income and endowments from**<br>Donations and legacies<br>2<br>Other income<br>**Total**<br>**Expenditure on**<br>Raising funds<br>3<br>**Charitable activities**<br>4<br>General<br>**Total**<br>**NET INCOME**<br>**Transfers between funds**<br>15<br>**Net movement in funds**<br>**Reconciliation of funds**<br>Total funds brought forward<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**£**<br>76,582<br>-<br>76,582<br>120,999<br>(84,520)<br>36,479<br>40,103<br>(132)<br>39,971<br>518,737<br>558,708|**Restricted**<br>**funds**<br>**£**<br>1,426,903<br>-<br>1,426,903<br>-<br>1,399,837<br>1,399,837<br>27,066<br>132<br>27,198<br>1,503<br>28,701|**Year Ended**<br>**31.3.25**<br>**Total**<br>**funds**<br>**£**<br>1,503,485<br>-<br>1,503,485<br>120,999<br>1,315,317<br>1,436,316<br>67,169<br>-<br>67,169<br>520,240<br>587,409|**Period**<br>**19.12.22**<br>**to**<br>**31.3.24**<br>**Total**<br>**funds**<br>**£**<br>1,439,614<br>515,753<br>1,955,367<br>97,205<br>1,337,922<br>1,435,127<br>520,240<br>-<br>520,240<br>-<br>520,240|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 9 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Balance Sheet 31 March 2025** 

|**Unrestricted**<br>**funds**<br>**Notes**<br>**£**<br>**Fixed assets**<br>Tangible assets<br>11<br>23,314<br>**Current assets**<br>Debtors<br>12<br>164,596<br>Cash at bank<br>449,053<br>613,649<br>**Creditors**<br>Amounts falling due within one year<br>13<br>(78,256)<br>**Net current assets**<br>535,393<br>**Total assets less current liabilities**<br>558,707<br>**NET ASSETS**<br>558,707<br>**Funds**<br>15<br>Unrestricted funds<br>Restricted funds<br>**Total funds**|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>28,702<br>28,702<br>-<br>28,702<br>28,702<br>28,702|**2025**<br>**Total**<br>**funds**<br>**£**<br>23,314<br>164,596<br>477,755<br>642,351<br>(78,256)<br>564,095<br>587,409<br>587,409<br>558,707<br>28,702<br>587,409|**2024**<br>**Total**<br>**funds**<br>**£**<br>29,041<br>140,248<br>400,572<br>540,820<br>(49,621)<br>491,199<br>520,240<br>520,240<br>518,737<br>1,503<br>520,240|
|---|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 22-Oct-2025 

............................................. C Love - Trustee 

The notes form part of these financial statements 

Page 10 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Cash Flow Statement for the Year Ended 31 March 2025** 

|**Year Ended**<br>**31.3.25**<br>**Notes**<br>**£**<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>79,051<br>Net cash provided by operating activities<br>79,051<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>(1,868)<br>Net cash used in investing activities<br>(1,868)<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>77,183<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>400,572<br>**Cash and cash equivalents at the end of**<br>**the reporting period**<br>477,755|**Period**<br>**19.12.22**<br>**to**<br>**31.3.24**<br>**£**<br>436,873<br>436,873<br>(36,301)<br>(36,301)<br>400,572<br>-<br>400,572|
|---|---|



The notes form part of these financial statements 

Page 11 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Cash Flow Statement for the Year Ended 31 March 2025** 

## **1. Reconciliation of net income to net cash flow from operating activities** 

||||**Period**|
|---|---|---|---|
||||**19.12.22**|
|||**Year Ended**|**to**|
|||**31.3.25**|**31.3.24**|
|||**£**|**£**|
|**Net income for the reporting period (as per the Statement of Financial**||||
|**Activities)**||67,169|520,240|
|**Adjustments for:**||||
|Depreciation charges||7,595|7,260|
|Increase in debtors||(24,348)|(140,248)|
|Increase in creditors||28,635|49,621|
|**Net cash provided by operations**||79,051|436,873|
|**Analysis of changes in net funds**||||
|**Net cash**|**At 1.4.24**<br>**£**|**Cash flow**<br>**£**|**At 31.3.25**<br>**£**|
|Cash at bank|400,572|77,183|477,755|
||400,572|77,183|477,755|
|**Total**|400,572|77,183|477,755|



## **2. Analysis of changes in net funds** 

The notes form part of these financial statements 

Page 12 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **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. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Fixtures and Fittings - 20 - 33.3% on cost Motor Vehicles - 20% on cost 

## **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. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **2. Donations and legacies** 

|Donations<br>Grants|**Year Ended**<br>**31.3.25**<br>**£**<br>9,236<br>1,494,249<br>1,503,485|**Period**<br>**19.12.22**<br>**to**<br>**31.3.24**<br>**£**<br>386<br>1,439,228<br>1,439,614|
|---|---|---|



Page 13 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **2. Donations and legacies - continued** 

Grants received, included in the above, are as follows: 

|Assistive Technology<br>Bron Afon<br>ICF<br>RRAP<br>Care and Safety<br>Core Revenue<br>Safety at Home<br>Enable<br>DFG<br>DV Scheme<br>RSL Keysafe<br>HHI<br>Managing Better<br>Telecare<br>Hospital to Healthy Home<br>MHA HHI<br>Affordable warmth<br>Client Account Income<br>Older Not Colder<br>Further Faster<br>Energy Efficient|**Year Ended**<br>**31.3.25**<br>**£**<br>-<br>112,943<br>33,333<br>522,456<br>74,289<br>253,734<br>100,000<br>20,000<br>-<br>10,390<br>5,000<br>84,986<br>43,122<br>-<br>137,863<br>-<br>10,000<br>-<br>80,542<br>5,000<br>591<br>1,494,249|**Period**<br>**19.12.22**<br>**to**<br>**31.3.24**<br>**£**<br>99<br>126,385<br>55,298<br>476,044<br>74,288<br>250,584<br>149,334<br>20,000<br>701<br>10,177<br>5,000<br>82,770<br>42,473<br>1,621<br>125,130<br>4,000<br>10,000<br>5,324<br>-<br>-<br>-<br>1,439,228|
|---|---|---|



## **3. Raising funds Raising donations and legacies** 

|**Year Ended**<br>**31.3.25**<br>**£**<br>Materials<br>102,249<br>**Investment management costs**<br>**Year Ended**<br>**31.3.25**<br>**£**<br>Rent collection<br>18,750<br>Aggregate amounts<br>120,999|**Period**<br>**19.12.22**<br>**to**<br>**31.3.24**<br>**£**<br>81,883<br>**Period**<br>**19.12.22**<br>**to**<br>**31.3.24**<br>**£**<br>15,322<br>97,205|
|---|---|



Page 14 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **4. Charitable activities costs** 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|Support|
|Direct|costs (see|
|Costs|note 5)|Totals|
|£|£|£|
|General|1,264,908|50,409|1,315,317|
|5.|Support costs|
|Governance|
|Management|Finance|Other|costs|Totals|
|£|£|£|£|£|
|General|38,783|205|1,886|9,535|50,409|
|6.|Net income/(expenditure)|
|Net income/(expenditure) is stated after charging/(crediting):|
|Period|
|19.12.22|
|Year Ended|to|
|31.3.25|31.3.24|
|£|£|
|Depreciation - owned assets|7,595|7,260|

**----- End of picture text -----**<br>


## **7. Trustees' remuneration and benefits** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. 

## **8. Staff costs** 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|Period|
|19.12.22|
|Year Ended|to|
|31.3.25|31.3.24|
|£|£|
|Wages and salaries|634,501|504,432|
|Social security costs|53,874|46,457|
|Other pension costs|34,111|73,339|
|722,486|624,228|

**----- End of picture text -----**<br>


The total employee benefits received during the period of the key management personnel of the charity was £163,510 (2024: £158,475). 

The average monthly number of employees during the year was as follows: 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|Period|
|19.12.22|
|Year Ended|to|
|31.3.25|31.3.24|
|Employees|22|17|

**----- End of picture text -----**<br>


No employees received emoluments in excess of £60,000. 

Page 15 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **9. Comparatives for the statement of financial activities** 

|**Income and endowments from**<br>Donations and legacies<br>Other income<br>**Total**<br>**Expenditure on**<br>Raising funds<br>**Charitable activities**<br>General<br>**Total**<br>**NET INCOME**<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**£**<br>547,975<br>515,753<br>1,063,728<br>97,205<br>447,787<br>544,992<br>518,736<br>518,736|**Restricted**<br>**funds**<br>**£**<br>891,639<br>-<br>891,639<br>-<br>890,135<br>890,135<br>1,504<br>1,504|**Total**<br>**funds**<br>**£**<br>1,439,614<br>515,753<br>1,955,367<br>97,205<br>1,337,922<br>1,435,127<br>520,240<br>520,240|
|---|---|---|---|



## **10. Other income** 

Other Income in the accounts relates to reserves transferred across from Melin Homes to Care & Repair Monmouthshire & Torfaen when they transferred from Melin to become a stand-alone charity. The reserves related to activity that Care & Repair Monmouthshire & Torfaen had undertaken when part of Melin Homes. 

## **11. Tangible fixed assets** 

|**Motor**<br>**Computer**<br>**vehicles**<br>**equipment**<br>**£**<br>**£**<br>**Cost**<br>At 1 April 2024<br>25,337<br>10,964<br>Additions<br>-<br>1,868<br>At 31 March 2025<br>25,337<br>12,832<br>**Depreciation**<br>At 1 April 2024<br>5,067<br>2,193<br>Charge for year<br>5,068<br>2,527<br>At 31 March 2025<br>10,135<br>4,720<br>**Net book value**<br>At 31 March 2025<br>15,202<br>8,112<br>At 31 March 2024<br>20,270<br>8,771|**Totals**<br>**£**<br>36,301<br>1,868<br>38,169<br>7,260<br>7,595<br>14,855<br>23,314<br>29,041|
|---|---|



Page 16 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **12. Debtors: amounts falling due within one year** 

|Trade debtors<br>Prepayments and accrued income<br>**Creditors: amounts falling due within one year**<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>Accruals and deferred income|**2025**<br>**£**<br>157,032<br>7,564<br>164,596<br>**2025**<br>**£**<br>41,773<br>12,890<br>139<br>23,454<br>78,256|**2024**<br>**£**<br>128,214<br>12,034<br>140,248<br>**2024**<br>**£**<br>23,473<br>10,789<br>388<br>14,971<br>49,621|
|---|---|---|



## **13. Creditors: amounts falling due within one year** 

## **14. Leasing agreements** 

Minimum lease payments under non-cancellable operating leases fall due as follows: 

|Within one year<br>Between one and five years|**2025**<br>**£**<br>950<br>2,316<br>3,266|**2024**<br>**£**<br>950<br>3,327<br>4,277|
|---|---|---|



## **15. Movement in funds** 

|**Unrestricted funds**<br>General fund<br>Designated<br>**Restricted funds**<br>Welsh Government (RRAP)<br>TCBC RRAP<br>Safety at Home<br>RSL Keysafe<br>Care & Safety<br>SPG Domestic Violence<br>ICF<br>Hospital to Healthy Home Capital<br>Further Faster Captial<br>**TOTAL FUNDS**|**Net**<br>**movement**<br>**At 1.4.24**<br>**in funds**<br>**£**<br>**£**<br>518,737<br>30,954<br>-<br>9,148<br>518,737<br>40,102<br>-<br>(8)<br>-<br>(1)<br>-<br>25,286<br>-<br>(20)<br>-<br>(4)<br>263<br>2,572<br>-<br>(10)<br>1,240<br>(659)<br>-<br>(89)<br>1,503<br>27,067<br>520,240<br>67,169|**Transfers**<br>**between**<br>**funds**<br>**£**<br>(438)<br>306<br>(132)<br>8<br>1<br>-<br>20<br>4<br>-<br>10<br>-<br>89<br>132<br>-|**At**<br>**31.3.25**<br>**£**<br>549,253<br>9,454<br>558,707<br>-<br>-<br>25,286<br>-<br>-<br>2,835<br>-<br>581<br>-<br>28,702<br>587,409|
|---|---|---|---|



Page 17 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **15. Movement in funds - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>Designated<br>**Restricted funds**<br>Welsh Government (Core)<br>Welsh Government (RRAP)<br>TCBC RRAP<br>Safety at Home<br>RSL Keysafe<br>Client Account<br>Care & Safety<br>SPG Domestic Violence<br>Managing Better<br>Enable<br>Bron Afon<br>Hospital to Healthy Home<br>ICF<br>Health Homes Initiative ABUHB<br>Hospital to Healthy Home Capital<br>Energy Efficient Measures<br>Further Faster Captial<br>Older Not Colder<br>RRAP Revenue (WG)<br>RRAP Social Services Revenue (TCBC)<br>HHI Monmouthshire Revenue<br>**TOTAL FUNDS**|**Incoming**<br>**resources**<br>**£**<br>67,347<br>9,235<br>76,582<br>250,584<br>394,256<br>75,000<br>88,889<br>5,000<br>3,150<br>50,000<br>10,390<br>43,122<br>17,391<br>97,944<br>92,863<br>28,995<br>47,542<br>45,000<br>591<br>5,000<br>80,542<br>34,200<br>19,000<br>37,444<br>1,426,903<br>1,503,485|**Resources**<br>**expended**<br>**£**<br>(36,393)<br>(87)<br>(36,480)<br>(250,584)<br>(394,264)<br>(75,001)<br>(63,603)<br>(5,020)<br>(3,150)<br>(50,004)<br>(7,818)<br>(43,122)<br>(17,391)<br>(97,944)<br>(92,863)<br>(29,005)<br>(47,542)<br>(45,659)<br>(591)<br>(5,089)<br>(80,542)<br>(34,200)<br>(19,000)<br>(37,444)<br>(1,399,836)<br>(1,436,316)|**Movement**<br>**in funds**<br>**£**<br>30,954<br>9,148<br>40,102<br>-<br>(8)<br>(1)<br>25,286<br>(20)<br>-<br>(4)<br>2,572<br>-<br>-<br>-<br>-<br>(10)<br>-<br>(659)<br>-<br>(89)<br>-<br>-<br>-<br>-<br>27,067<br>67,169|
|---|---|---|---|



## **Comparatives for movement in funds** 

|**Net**<br>**movement**<br>**in funds**<br>**£**<br>**Unrestricted funds**<br>General fund<br>518,737<br>**Restricted funds**<br>SPG Domestic Violence<br>263<br>Hospital to Healthy Home Capital<br>1,240<br>1,503<br>**TOTAL FUNDS**<br>520,240|**At**<br>**31.3.24**<br>**£**<br>518,737<br>263<br>1,240<br>1,503<br>520,240|
|---|---|



Page 18 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **15. Movement in funds - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Welsh Government (Core)<br>Welsh Government (RRAP)<br>TCBC RRAP<br>RSL Keysafe<br>Affordable Warmth<br>Healthy Homes Initiative<br>SPG Domestic Violence<br>Managing Better<br>Hospital to Healthy Home<br>Health Homes Initiative ABUHB<br>Hospital to Healthy Home Capital<br>Monmouthshire Housing residents HHI<br>project<br>**TOTAL FUNDS**|**Incoming**<br>**resources**<br>**£**<br>1,063,728<br>250,584<br>342,505<br>19,000<br>5,000<br>10,000<br>37,779<br>10,177<br>42,473<br>85,130<br>44,991<br>40,000<br>4,000<br>891,639<br>1,955,367|**Resources**<br>**expended**<br>**£**<br>(544,991)<br>(250,584)<br>(342,505)<br>(19,000)<br>(5,000)<br>(10,000)<br>(37,779)<br>(9,914)<br>(42,473)<br>(85,130)<br>(44,991)<br>(38,760)<br>(4,000)<br>(890,136)<br>(1,435,127)|**Movement**<br>**in funds**<br>**£**<br>518,737<br>-<br>-<br>-<br>-<br>-<br>-<br>263<br>-<br>-<br>-<br>1,240<br>-<br>1,503<br>520,240|
|---|---|---|---|



Page 19 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

**Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **15. Movement in funds - continued** 

**Welsh Government (Core) -** Welsh Government Funding to be used for specific job roles and running costs of the Agency 

**Welsh Government (RRAP) -** Capital funding from Welsh Government to facilitate a Rapid Response Adaptations Programme (RRAP) which provides minor adaptations for clients living within Monmouthshire and Torfaen 

**TCBC RRAP** - Capital and revenue funding from Torfaen County Borough Council to 'top up' the Welsh Government RRAP funding in Torfaen and to support staff salaries within Torfaen. 

**RSL Keysafe** - Capital funding from Monmouthshire Social Services to fund key safes for clients living within Monmouthshire 

**Affordable Warmth** - Revenue funding from National Grid to provide and Affordable Warmth Priority Services project 

**ABUHB HHI** - Revenue funding from Aneurin Bevan University Health Board Neighbourhood Care Network to facilitate a Healthy Home Initiative in partnership with GP surgeries within Torfaen 

**SPG Domestic Violence** - Capital and revenue funding from Monmouthshire County Council to fund safety adaptions for people at risk of Domestic Violence living in Monmouthshire 

**Managing Better** - Revenue funding from Welsh Government Sustainable Social Services Third Sector Grant to deliver a Managing Better project to clients within Monmouthshire 

**Hospital to Healthy Homes -** Revenue funding from ABUHB for two Caseworkers. 

**Hospital to Healthy Homes Capital** - Capital funding from Gwent Regional Integration Fund to facilitate minor adaptations for a timely hospital discharge for clients living within Monmouthshire and Torfaen 

**Health Homes Initiative** Revenue funding from Monmouthshire County Council to facilitate a Healthy Home Initiative within  Monmouthshire. 

**Monmouthshire Housing Residents HHI -** Healthy Homes initiate project specific to to residents of Monmouthshire Housing. 

**Bron Afon Adaptions Capital** - To fund minor adaptations in Bron Afon properties. 

**Care & Safety Capital** - To fund minor adaptations referred by Health in Torfaen. 

**Client Account Income** - Funding pledged to pay for works for specific clients. 

**Donations** - Donations pledged to go into a hardship fund for sole use by C&R clients. 

**Electrical Safety First Capital** - To fund electrical safety works in client's homes. 

**Enable Capital** - To fund minor and medium adaptations in Torfaen. 

**Energy Efficiency Measures** - To purchase energy efficiency products for distribution to clients. 

**Further Faster Capital** - To purchase products to elicit the effects of damp in clients' homes in Torfaen. 

**ICC Capital** - To fund minor adaptations in Torfaen, including cross-tenure and purchasing assistive technology/equipment. 

**Older Not Colder Revenue** - To fund two full time Home Energy Officer posts and associated oncosts. 

**RRAP Revenue** - To fund Administrative support to facilitate minor adaptations 

**RRAP Social Services Revenue** - To partially fund a Caseworker role in Torfaen 

**Safety at Home Capital** - To fund minor adaptations in Monmouthshire 

Page 20 

continued... 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

**Care & Repair Monmouthshire & Torfaen Limited** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** 

## **16. Related party disclosures** 

The following transactions were entered into with related parties during the year: 

**Related Party Relationship** 

Monmouthshire County Member of Board also Council Housing and Communities Manager at the County Council 

Torfaen County Member of Board also Borough Council Group Manager, Social Care at Torfaen CBC 

## **Related Party Transactions** 

Monmouthshire CC fund three major schemes, through a mixture of capital and revenue funding. Funding invoices in the year totalled £152,834 of which £9,362 was outstanding at year end. 

TCBC fund two schemes (mixture of capital and revenue). Funding invoices in the year totalled £114,000. 

Bron Afon Community Housing 

Member of Board also Executive Director of Operations 

Bron Afon Community Housing provides capital and revenue funding for the delivery of minor adaptations to their residents. Funding in the year totalled £112,944 of which £26,694 was outstanding at year end. 

Page 21 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025** 

|**Year Ended**<br>**31.3.25**<br>**£**<br>**Income and endowments**<br>**Donations and legacies**<br>Donations<br>9,236<br>Grants<br>1,494,249<br>1,503,485<br>**Other income**<br>Exceptional items<br>-<br>**Total incoming resources**<br>1,503,485<br>**Expenditure**<br>**Raising donations and legacies**<br>Materials<br>102,249<br>**Investment management costs**<br>Rent collection<br>18,750<br>**Charitable activities**<br>Wages<br>634,501<br>Social security<br>53,874<br>Pensions<br>34,111<br>Health and Safety<br>3,789<br>Direct Costs<br>488,307<br>Staff Training<br>2,930<br>Corporate Clothing<br>355<br>IT Costs<br>28,733<br>Motor Vehicles<br>18,063<br>Office Equipment<br>245<br>1,264,908<br>**Support costs**<br>**Management**<br>Insurance<br>17,369<br>Telephone<br>6,894<br>Postage and stationery<br>6,342<br>Advertising<br>662<br>Sundries<br>2,253<br>Travel<br>5,263<br>38,783<br>**Finance**<br>Bank charges<br>205<br>Motor vehicles<br>-<br>Computer equipment<br>-<br>205<br>**Other**<br>Cleaning<br>-<br>Carried forward<br>-|**Period**<br>**19.12.2**<br>**2**<br>**to**<br>**31.3.24**<br>**£**<br>386<br>1,439,228<br>1,439,614<br>515,753<br>1,955,367<br>81,883<br>15,322<br>504,432<br>46,457<br>73,339<br>2,096<br>598,555<br>2,075<br>637<br>29,184<br>15,672<br>1,272<br>1,273,719<br>12,652<br>6,660<br>4,354<br>1,265<br>1,787<br>5,714<br>32,432<br>7<br>5,067<br>2,193<br>7,267<br>73<br>73|
|---|---|



This page does not form part of the statutory financial statements 

Page 22 



Docusign Envelope ID: 1E151937-366A-487F-B5D2-ADE012C83BEB 

## **Care & Repair Monmouthshire & Torfaen Limited** 

## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025** 

|**Year Ended**<br>**31.3.25**<br>**£**<br>**Other**<br>Brought forward<br>-<br>Consulting<br>1,886<br>1,886<br>**Governance costs**<br>Accountancy fees<br>5,814<br>Legal fees<br>3,721<br>9,535<br>Total resources expended<br>1,436,316<br>**Net income**<br>67,169|**Period**<br>**19.12.2**<br>**2**<br>**to**<br>**31.3.24**<br>**£**<br>73<br>12,710<br>12,783<br>3,780<br>7,941<br>11,721<br>1,435,127<br>520,240|
|---|---|



This page does not form part of the statutory financial statements 

Page 23