2025-03-31-accounts

REG￿TER￿.D COMPANY NUMBER: 0107J381 ILngIand 8nd Wales) REC.ISTFRLD CHARITY NUMBER: 2651M)8 Report of the Trustets and FiJhan¢ial Stst¢mtnts rTrr the Yehr Ended 31 March 2025 for BAROD PROJE Xrinadin Audit Limi*d Chartcrcd Accouni8nts & S&qNtory Auditors Suiie 2d Building l Eastern Busin¢ss Park St MclloThs South Glwnor¥an C.b3 SEA

BAROD PROJECT Contents of the Fin2ncial Ststements for tbe Year Fnded 31 March 2025 Pkge Report of the Truste¢$ Report of the Indep¢Dd¢tht Auditor5 8 to 11 ststcmetht ofFinaD¢i#l Attivities 12 B¥lttte Sheet 13 Cash Flow StateLD¢n¢ 14 N•tes to the Cash Flow Ststement 15 Notes to the Finan¢i*l Ststemellts 16 10 30

BAROD PROJECT Report of the Trustees ror the Year Ended 31 March 202> The Trustees who are also Direclors ol. th¢ Lhariry for ttLC PUT￿5¢$ of the Companies Act 2(K16, pr¢set)i their rewrt th¢ cthnsolsdatd tinanGittl wtemcnts of th¢ ChdTity and its subsidiarits fvr Ihe vear ended 31 March 2024 whith are also preparcd ts) m¢ei the wuirements foi ¥ direC￿r5, report and acLounls For Compani¢E Act 2006 purposcs. The fjnallciai state￿¢￿￿ compl}, with th¢ Charities Act 2(11 l. the Compafjies ACÈ 2M6. the Mcmorattdujn and Artic1¢5 of Association and Accounting Reporting hy Chariiics". Slalerntnt of Re£ommended PractiLE appbtable to ch2rities prep￿ing their a¢couE)ts in acGordance with the FinanLial Reporting Standard applicable in the IJK and Kq)ublic of Iielartd IFRS 102} (eff¢ctive I January 2015). Page I

BAROD PROJECT Report olthe Trustees for the Year Ended 3J March 2025 OBJF.CI'JVES AND AC.TIVITIKS Obje¢tive$ and aims B8rod PrOj￿t 1% a Third sector Or8ani5ation dtlivering a r8nge of services lo those who are vuln¢ruble mdrginalised result of thcir 0￿￿ or 50m¢on¢ else's dn]g andlor alcuhol use, (o improve their physical, swial atKi e]nolional wellbcing and to fostcr rccovery. Additionalty we aim to improve Indi￿1￿￿8]5', coMM￿nI￿eS and soci¢li¢s ulld¢tstaThdsn8 of substatlce md raise awa￿ness of the relationship beiween substance use, vulneT3bility and txclusion. Vision Barod aitns to be r¢£ogni%ed by irs key 5takcholders ￿ the leading profvider of innovative alld quality servites withirt the drn8 and alcohol s¢¢tor. Our vi5lOD js to bTing about posnive ond sJstain¢d clw)ge for tlldividuals and communitivs by SUPFK>rting the 2SPITations and netds of those affe￿d b!, their own or sotneone clsc's SUbSL￿¢t ynd by offering OPFrf>rtullitlC5 aiTDed st minimising bami and maxunising resilience. Valu¢s Barod vaill¢s agreed by the whol¢ team including Board of TnJstee4 Stdff, Volunlcers and people who usc our services. The5¢ vajueg guide thc way we behave and how we deliver serYic¢5. ()ur values are.. - Adaptability P051tiN'c Attitijdc - Int¢grity We beli¢v¢ that individuals and th¢ir ¢xpeTienees are unique. Ev¢rything ¢l¥e flows from thi& and w thc strvi¢rs we dcliv¢r Deed lo be person L¢otred, flexible and w'ide-ranging tv Jneel the varying needs of pcoplc who use our S¢TVites.. We bclicve irKlividua15 are ajtitled to resr￿¢t and dignity within a.%afe cnvironm¢uL Wclsh Gov¢rnmeMI require all service providers to submit data to pvpulaie a suite ofNalional Key PerfottnaDCC Jndicators (NKPII. The5¢ ar¢ £ollvwy'. Key Performancc Indicator I ]ncidences of clicn15 who do noi attend (DNA) or r&%FK)nd to follow up post &$8e>%meni. NationaI t4r¥d i¥ 2￿/0 or below. Barod serviccs achie¥ed aD aTreT￿¢ of l.(PA12024.. 3.10/0) Key Performanrc Ittditgtor 2 Achieve a ￿￿tIllE limc ofiess 20 workinB days ￿tWCtn referrnl ond treatment. National iarg¢i li 80Vo or above, lJ3rod 5Ctviccs achieved an aver8ge of 8.3_5%12024 .. 8I.8Yo) Key PerforrnaBte Ind?tator J %ubstsnce is Tediieed orunGhaDged fthr pnblcmatic sub5tan¢es between srart and most re¢￿tr¥VE¢￿ItX11 Treatment Outcomes Profil¢ {TOP). N￿lon41 target is 86.5% or above, BaTod servic&% achieved aTL avwz8e of 88.IOA {2024 .. 87.6Yfjl Key Performance Indirktor 4 Quality of life is Improv￿ or un¢han8ed between start and most reLenl reviewlexit'l'()I'. Natienai 18rget is 84.2Yo or above, Barod services a¢hieved an avcrag¢ of 82.￿/0(2024 .. 83.3%) Key PerformgDce Indltator 5 Percentage of ca5¢$ closed {with atreaim¢nt dale) a5 trt2tmettÈ complctcd. NatiO]La] targ¢t 1$ 76.Wts: Barod servic¢s #chieved an average 97.5Vfj (2024 .. 96.5Yo) All scrvic¢s are measured on these NKPl$ aJJd addiitonally the￿ may 21so be local pcrfomianc¢ rn¢a511rements depcThlin8 on the Area PlanJ)ing Boards. Page 2

BAROD PROJECT Reporl of the Trllstees for tbe Year Ended 31 March 2025 owE￿Es AND ACTIVITIES Signifi¢*Rt aetivitie5 Llarod providc a rnng¢ of seryi¢es acro&s a wide geoKTgphical arta. ServiLes ar¢ dcliveted in fjvc of the seven Arca PlannD)g Boards in Wales. The natur¢ swpc ofthe service% will dcpcnd on the commissioning straty of cach Ar¢a Platthing Board. We have a raTLge ofAduli and Young Ptopl¢'s ServiL￿ some of these setviws are in Consortiun]S OT Alliantts ￿)d Othe￿ whcrc we aje the 501¢ providu. SeNices kuld itLtmeAtions ¥se as follows.. Engag¢ffj¢DL services Bri¢f interventions As5&9sment and planlling Evid¢nLe bascd psycho-social intervcntions ()utreach Media ¢8JnpJi8JJS Needlc cxchartge Drop in Trailling attd liai50n l)iveTSithllary activities R¢¥L)very based interv¢ntL()TI qtructUTcd ¢ounsclling Advice and guidance and g¢nera] support F¥Jnily suppuil and interventions Veer SUPPDrt We￿bal services Public beneflt The T￿￿￿¢#￿ have reviewed the Ch3Tity Commission's giiidwite on public bcllefil alld &gr¢ed that they meet the requiretllenl5 Set ou¢ Iher¢in. All our charitabl¢ activiti&q focus on the preventiun and treatm¢nt of 5ubbtanc¢ uye. Our strvices work witti iodividual fami]i¢s ¥Dd comni￿ltieS acro￿ South, South Lasl and West W81es and our actiYiti¢s arc urtdcrtaken io further our GhoTi¢able purposes foT th¢ public b￿¢fIL Page 3

BAROD PROJECT Report of th¢ Trustees for the Year Ended 31 March 2025 STRiTF.GIC REPORT Athitvtment5 4nd p¢rformxnte Chsritable gclivitie5 e colliinued to se¢ i￿TeaSed access u) ail our seni¢es- some of these via digila] platform% includifig QUT W¢bchat scrvic Wc have continucd with the range and divcr%ity of our services acro55 a large geowhical area. The Charity provid&% anuTnber of Needle Ex¢h3nge facilities in servi¢¢ areas The Charily LODiinued to dispensc naloxon¢ kits to people ii,ho our 5crvi¢es, which hLs led to the saving of numerous lives. lThis ￿clUdeS delii'cries vi& the ollline Click & D¢liv¢t service The Dyfed Drus and Alcohol ServiLe {DDASI ht% Een cxiended fiLrth¢r ¢0 31Si March 2027. Wc are tbt L¢d provider WOTkitig with consortium partners Kaleidoscopc and G4S. The Gwent DTug AILohul Service (CTDASI ]Jas also received a further extension, whcrc w¢ work Con80rtillm partner with G4S. and Kaleldn￿CttpC arc the Lcad provid¢r Thc integrattd service forAdults Child￿n & Young People Lwm Taf has Operdi￿ succ￿s(u11Y thraughollt they&2r, iogether with the inleg.TatL'd scrvice lor l3rid8end, which arc now part of the 5Jme Health Board All other Adult and Lhildrcn & Young P¢ople services have conttnu¢J w operait successfully. Groups activities have o)ntinued aCT0￿ all smices. which are well attcndcd by people using services The Lharity's ￿1#7 cnterprisc. Tyfu Caf4 hal Continued to operat¢ 8lld seen an iiicrease in custom¢rs Thc Chg5ity bontiJ)ued ￿ be an activ¢ parinu vlihtt DACW consortiiitn dclivcring the OUÈ ot.wnrk I)rOg￿mMe with othcr Partller5 in Western Bay, Gwenl and l)yf¢d. - The Charity has cthntinucd its partn¢]ships wilh loc41 Food Banks wid other National Retsiler.% in cettsin art&s &nd has been resrM)nsible Cor disiributillg fo¢d ittm8lp8rcels to ￿Ople u%in8 our seLTice5 durin¥ th¢ year. The Chgrity Lvnlinued io be one of th¢ ag¥nLieS thai the DTredia in Walc5 bpproachcs regardino ￿Y 8ub%rantt usc issucs. The ChaTity is (Q¥Dmitt￿ 10 rnisillo its PT&filt, but also coDtnbut¢ lo both local and naiio]Ml deb￿¢ arowid Subs￿Ce use. - Thc Charity conlÉnuBs to have a high profil¢ PF¢gence on ￿CIal mediu and ha5 expanded this lo Dthcr platfor￿5 ￿ ihty have beconie &vailable. The C.haTtty has tontinuol its campaign of rwsing awareness of tL¢W emerging tssues acros5 all The ChariÉy GUDlinlled to impl¢rn¢nl new illnVV&live services - The Ch2rity has contULucd with ils cotttinual programm¢ of digital Iransfo]yn&ion, inclllding the d¢v¢lopm¢ni of new Apps in certain areas The Charity publith¢d il $ Manif&%to- 'Sctting th¢ blueprijjt fora rntsre eqll￿ andprosperous Wales for ￿(￿pIt who use 5ub$tances' - The 2nnua] Recov￿ Walk was held and w2s well att¢nded by pei>ple ￿SIng 5ervir¢s. Statr, volw)t¢er5 and partn¢T ggenties -Th¢ Lharity was rc-8W￿dcd Gold Invests)rs in Pwpl¢ ac(J¢dilalion - Th¢ Chariiy was awarded InvestinLi in Volunleers 51ahL% -1.he Charity continued as a Real l.ivin8 W'age Etllploy¢r - Thc Charity Started h05ting a ￿EL¢S of Weblliar on a iiwnber ockey lopic ar&¥ including thosc included within it5 Manite510 - The ChaTity a]so host¢d it-.5 Annual C.onfercncc at Th¢ Pierhea¢ Cardiff-'SettiThg lh¢ blueprint for a more equal ptosp¢rous Wa1¢5 foT peoplc who use 5ubstances'. wknich was spotWT¢d by Per¥duT Ow¢D Griffiths MS The Charity ¢￿tInued to ¥row and exteiid it5 reach in the foLiowing area5'. Play an active in planning and inflUenC￿g 5ubsrJnce u8e setviec delivery a¢TOSS Wales. l)evelthp 2nd dcljver s¢rvir¢b in line with the Wvlsh Re¢overy Fr￿leWork, service usci involvement and co- PToth]ction principlc%. Ensure ihat we rnaintsn and maximise a Inotivatd, 8killed and adaptsve workfoT¢e. l)evelop artd dcliver S¢TVites fijrthcr, making the ￿￿$1 ofcontemporeJy digital iystety #rtd platforms PTovide a healihy. iLLltssive ￿Viron[￿ent foi all sialland people who nurs¢rvicc5. Dcyelop partner8hips and 8iraicgic allia[￿$ WiEh the third scctor, healt1¥ svLia] care, criminal ju5tic¢ and otheis. Keep up to da¢¢ ivith, respond and ￿￿p1 lo trends in drug and alcohol aud ¢nsurirtg thai our seTVitc% are flcxiblc and mcet the neeiL¥ ol'the community. Rctain our s¢rvi¢e provision and activ¢ly sv¢k oui nu¥ 0pp(krtL￿Lties lo ¢xpand OL¢r reach. We have achieved a llumber of the%c obj¢ctiVCS 8nd continue to grow and devclop. Financial review Principal funding sources Services fi￿ded by ar¢ (l¢p¢ndent on a wide TatLg¢ of incotning rtsource5 including LoL•I He8]th Boards Unitary Authoriti¢s, Criminal Justice source5 and fro￿ W¢lth Gevemtllent. IDvestTrent policy And objectives The Manag¢ment Cotnmittee has consider&1 the tnost appropriiie policy for iDVtt¥ing ￿ndS is to keq) 5urplvs fund5 at a bank deposit 2CCOUnL Page 4

BAROD PROJ£CT Report of the Trust¢¢s for the Year Ended 31 M&r¢h 2025 sriL4TEGIC REPORT Finantill review Reserve$ ptsllty The M2rt2gemtnl CornmJ¢i¢e have L%tabli.shed a Policy whettby the unresirictcd fund5 liot ¢ommilled or invested in tangible fixed assets I'the free r&￿Ty¢s.) h¢ld by the charity should tK b¢twwi three alld SIX tllollths of the rtgourc¢5 ¢xp¢nd¢d. Al this l¢v¢l, the manag¢metti conuniit¢e feel that th¢v would be able lo tneci the obligations and requir¢menl8 that would result Should thcrc ￿ # significant 10&8 ￿ funditlg, It would obviously bc llCC¢bsary 10 consider how the fundi￿8 would be replaced or activities ch3nge(L Al thc b￿an¢t sheet date th¢ fre¢ r¢svTve¥ amOUllt¢d to £1.835.256. EffL)fL% 10 Lncr&9se reserve% in linc with poljcy will bc made in ￿LuTe years. Fulure plaD$ For thc followinB fmanrial year, atms and objectives ar¢.. . To continue con501i(Idtink our services in all are - To Lonliiiue in delivtring all Adult Young Persons ￿rviCes includillg Consonium Alliance partn¢TS 'Io support pgnnerb in delivering oth¢r servi￿$ in are￿ where we are present - To iolliinu¢ ￿ tske opportunilits 10 expand our lervicts .1 o %upport and gTOW OUT rnngc of strategic partnus - To continue to inv¢¥t in infrnstructure to suppori our Staftgnd pei>pl¢ who our xYvice5 - To continue to iDfluerttt national 51rategy and pjlicy - I'o monitor Board M¢n)bership tturnbe￿ atld div¢tsity uf exp¢rieJic¢ . Tv conlinue with adapting servI￿S alld implementing new innovative approaches to service delivery, when TequiTed - To cont￿lle with the ongoing progr￿￿¢ vf Digital Trdnsfonnation, inLludin¥ Cloud. Apps Artifiii31 Intelligcllcc {Al) ctc. - To prepare IOT r¢vmLiIsstoJ)ing of 5ervic&E in kLy operdiionAI are&% %uth L8 Cwm Tar - To prepare tor fir51-timc cnmmissiolling of S¢Tvices in key operdiional aTeab. su¢h ss Western Bay - To e4)ntinue hosti￿ series of WtbinaTS Oll a nutnber ulkty typic areas - Wurk willi people with livcd and living experitnct of ￿llb￿anC¢ Use Io co-PTodu¢e i new TerniiDo]ogy Gui(l¢ - The Charity's Bo8rd ofTnLStees will st¥rt the process of reviewing it's Governan£c, iticludiJJg a review of Atiiclcs of Asso¢iaiioll STRucfuRE, GOVERNANCE AND TrL4NAGEMENI Governirtg document lThe charity is C4)ntroll¢d by its goveming docun]¢nL a dttd of mJs¢ and const5￿CeS a limiied Company. limited by guarant¢C. 45 defitd by the Compani¢s ALL 2W6. Th¢ org￿lSatIon is a ch4tiiable company limited by guar3n(ee. w&% Iticorp)rated olt 25 S¢plember 1972 and regi#ered as a ¢hariry 01 14 D¢c¢mb#i 1972. Ihe charity was tys￿blIShed ulld¢r a Memorand￿Th ofknsociation which e8tabli8hed ￿ objeclives alld poiveri of the tharitablc company and is governed ullder its Artibl¢s ofAssociation. In the evtnl of the eompaiiy being wound up. th¢ members o(the coinpany are requir¢d to contribuie an ainount not rx¢trKding£l. REtrllitment and appoilltmethl of new trustees The DiFeciofs of thc Company art also Ih¢-I'nist¢ts tsf the Charity as defjnfyj by thaFity law and und¢r the Lornpany's Arti¢les are known as mcmb¢r5 of the Managemenl Commiiiee. The existing Manag¢uk¢nl Cotnmiitec appoinL% n¢w TtU5tec5 in gcncT41 tmeetirtgs. The manageme￿ CotJ]mitke sttks to ensu￿ the ne£ds of thc Charity arc apprOpri￿elY refle£ted through th¢ diveT$iry of th¢ TTUStee 11(Mly. Organisational structure The Board has overnll Tesponsibility for the governance of the Charily. It meeis al le￿1 6 tillKs p¢r yw. 'lkne Iloard dele8ates authority tu th¢ Chief Executiwe Otficer who leads the Scnior Man￿#T￿ettI Team in the day to day ma]￿ement of the ChaTitv, working wrthir the financi￿ fram¢worL privfjwes alld poli¢i¢s set down by th¢ Board. The Chief Exttutive Offic£T has delegated authority fo humall resourc¢ plannin& employment. service d¢v¢lopment and finance. The SeniDT MwwgementTeam ¢onsists of th¢ following p¢r50nnel.. Lhief Ixetutivc Officer {CaTolille Phipps) - Dir¢ctor of Operaiions (Huw Thvmtsl - Director of Corporale ts¢ryiccs (lan H￿￿es) Page 5

BAROD PROJECT Report of the Trustee5 for the Year Ended 31 March 2025 STRUCTiniE. GOVERNANCE AND ￿l￿NAGEMENT Induction and trai￿l￿g of D¢w trustees I'rustc£s are aIr¢ady familiar witb th¢ work and ethus of the charity through their broad backgrounds within th¢ Sector which th¢ Lharits, operates. Ncw Tru51ees are invited and cnrouragd io artend training sewi)ns to familiarise tbemselves with the charity and the context wiihin which it opcrales. Training and infom)ation would llLclua¢' Ihe obli¥(iiions ofthej M &iagement CorrMui¢t¢e derails of the ]nain documellts which set the operational framework of the charity including the Memorandum Articles of Asso¢iarion resourLLng gnd the current f￿ancIal position as Set wi in the latest audiied financial staten)ents future plans and objectives. Key mAnagement remllnerxtion Thtt BoaTd considers tb¢ pas, and r￿DUneratiOn of all ￿aff y¢ar at its budget %etting mcetin& at whi¢h time th¢ Board will consider gny inllaiion2ry uplifL%. ￿ appropriate within available funds. Risk m¥nagetnent 7'h¢ %>'stcm$ and internal controls establish¢d by the Board are designed to provide reaSOLabl¢, but noi absolute, ￿suranCe against matrrial misllattmenl or 105s. I'rustecs and senior staff £ary out the ri%k &%sessmcnt, Tncluding the Titing &T￿ review of & risk register ￿ order tn confinn that th¢ mttjor risks to whTch th¢ Ctwity is exposed. hav¢ been reviewed and syslems eslablished io mitigate thus¢ Ti¥ks. The Board5 has identified th¢ fullowujg key risk ar&¥.' - Cyovcrnartte - Oper3tiortal - Finallciaj - External - Compliance with l.aws & RcgulatioD$ We relv on # number of grants from a sfnall numbcr of sourcc5, which llr¢ awaTded on a fLxcd-tertn basis only and may also L V¢ithdrawn with little noticc. We aim to Jnitigtiie this risk by In￿￿nIs7￿ UL¢vme generating opportunities (eg. Tra]ning) COntCTcllLC etc.)., ensuring thul Ihe Charily ￿ an adequatt ￿sc[V¢S policy in place. we ton%idcr options for div¢rsifi&ion of income %tTeam% attd creatioii of %tratcgic allianc￿ and partner.qhip% whcrc appropriat< togetheT with exploring any 5uitsble i¢ndexing opportuniiiey that may arise. su¢h circunJ5tanc¢5, we b¢ll￿ve the Charity h#s the FesslitttLC and ability to r¢structur¢ and continue othcr services widiout itnpaitmcDt. Attenuon ha5 albu b¢en foLus¢d on non-fjnancial risks, such as faciliti¢S for thc provision of services. 'lThe Charity h¥ a mix of Fdtiililies in th¢ to￿ of propcrties. which il owns outTight and also leas¢b on v8rying trrtns durativn5. Los$ of of Ih¢se facilitics could b¢ d¥trimental to our ability tv deliv￿ our service5. -1 o rnitigatc dxdinst Ihis risk, we ¢nsuTe that all fatilities are ade4uatrly ll15ured and SLuied. ttiey are regularly mairttaiticd ajjd when any of thur Itascs approach their ¢nJ date, w¥ wuri¢ lunding io extcnd these foT an adeqllatc duration in lin¢ wilh the services provid¢d frutn thal facilily and with the associatcd lunding sit￿. absolute, as5ur4n¢e material rni.sslatetn¢nl or lo￿. Trusle¢s and %enior ￿aff carry out tkne ri REFERENCE AND ADfIINtSTIL4TIVE DETAILS Registered C.ompanTr rtumber 010733811£'ngland and Wales) Registered Charity number 265008 Registered •fflce 73n4 MaDscl Street Swansca SAI STR Trusttts L M Ilodgson- lictircd S Recd- Docior C Strowbridge- Solicitsir INon-Pract¢sing) L Clark - Chanered Auditor L Dacev - Menial Hea]ih Advisor J (yriffith%- Head of Leaming C DeClaire- (appointed 8.5.20251 CompY4ny Seeret#ry L M Hvdgson Page 6

BAROD PROJECT Report of the Trustee5 for th¢ Year Ended 31 March 2025 REFERENCE AND ADf'llNISTRATtVE DETAILS Auditors Xcinadin AuditLtmited Chartered ALLourtL￿1S & Statutory Auditors Suitv 2d Bllildin8 1 E4stcrn Business Park St M¢llons Cardiff South CJlamorgan CF3 SEA Bankers NatwLst Caeryhilly Brancll 19 c￿￿11].Roaa Cacrphilly CF83 IWF STATE1￿N[ OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the direciors of Elarod Iyojtct for the pu￿se$ of comparty lawl are re5punsibl¢ for pre￿a￿ltig the Report clf thc Tnistee5 and the financial slatcjnents in accordanee with appli¢abl¢ low and United Kin8dom AccounlinE Standards {United Kit)gdom Gen¢rdllv AcLepkd Accountln8 PiaGtirc} Incl￿dIng ￿inancial lit￿)ning Sthndard 102 ' lTh¢ Finan¢ial Rcw>rting Swidard 3pplicable in the UK and Rcpublic of Irelalld" Company law requircs ih¢ trustees to PT¢pare financi￿ staicmcnts for ea¢h fm2ncial year which giv¢ a ITU¢ tair view of the state of &Tairs of the ¢haritable companv and L)£ ihe illcominB resourc¢5 and dppliLaiion of resaurc&%. including Ihr illcome and ¢XP¢Aditure, of the chJriloble cvmpany for that period In PTtparing tIKise finantial sratemctti4 the tNstees are r¢quired to %elect sllitable accounlin8 policits and then applv thrm Lotssistrnlly,. . observt ihe and PTinciples in the Charity 8ORP- - make judgcmcnts wimaÈesthat are reLLsonabl¢ prudent., - prepare the fiftancidl #al¢￿ents on the going concctn basis unless it is inappropriate to presume that Ihe ¢haTitabl¢ ¢ompany wiu contitLU¢ fft bllsintss. The irusteeg ttre responsibl¢ for k¢¢pirtg proper accounting tec4)rds which disclo8¢ with re￿ortable aLLuraLy at Ism¢ th¢ fitthnci position of the chariuthl¢ company and io enable th¢m to ensure that the financial 51alemtnts coinply iyith the Companies Arl 21x16. The), are ￿sts responsible for &4feguardin8 thc a55cts of the d)aritsble cOrnp￿), and hence for taking reasonalFle 8teps for the prevcntion and d¢￿tIOn of fraud and otber itr¢gulariti¢s. In 50 far as the trustcc% arc aw8re'. - there is no relev￿1 audit irfomiation of which thc ¢harithble cotnpan>"5 auditors are unaware: and the bustees have taken all steps that Ihev ought 10 have tak¢n lo the]n$t1￿e$ aware of anv rclcv3n¢ audil jrttormaii*n and to establi8h that the auditoJE are aware of that intortnation. AW)ITORS The auditors. X¢inadin Audit Limitcd ivill be proposed for r¢-app(Trintmeni at the lorLhcornillg AnrtU21 Genera] Meelillg. RqM)rt ot" the irL]Ste£4 ittcorporaling a Strategic repott approwcd bv order of the board of tn)st¢¢s as the company directors o .IS./M.£/&Q.aS............ and sign¢d vn the board's b¢halfby'. udgson Triisle Page 7

Report of the Independent Audltor5 to the Metllbtrs of Barod Project Opinion Il'e hav¢ oudil(d the fjnancial statrrnents of Barod ProjeGI (the'¢haritable con)pany'} for the year ended 31 March 2025 which ¢L)n]prise the Group St2temenl ofFIn￿)¢131 Activitie4 the Group Balanw Sheet, the CJroup C￿h Flow Staiement and ttotes to the financial 5tal¢tn¢nts, including &￿M[nary of sigrtifie4Wt accounting poli¢i¢s. The fjnallcial RportinE framework Ihal hds been applied iti their pt¢yarntion ib applicable law and Uniied Kingdotn ALcountin8 %tandards {Unitcd KingdDtn Generally Acccpied Accounting Prdclice).. includiiig binanciai Rcportu]g bL￿dard 102'Th¢ Fir￿nG1￿] Reporiing Standard appli¢able ￿ Ihe UK and Republic of Ireland,. In our opinion the fin2ncial statctncnls.. - give d ITue and f#ir vitw of the #ate of th¢ Lharilablt group and parent affairs as at 31 March 2025 and of its incoming rssource5 application of rtsourccs. incliiding its inc()me and cxpcnditUTC. (or the )'&2r then ended., bav¢ been properly prepared in aLLurilanLe wii]J tinitrd Kingdom Gtttttally Acc¢pt¢d Accounting Practicc, including Financial Reportift¥ stalld￿d 102 The l.'inancial licporting Standard wplicable in thc IJK and R¢publi¢ of Ire12nd': and - hove heen preparcd in accoTdaN'¢ with the requircrn¢nts' ufthe Compani¢5 Act 2006. Basis for opinion We ts>nducied OUT audit ]]) aCCLIFdall(% with International Standards on Audiung IIJK) IISA.% {UK)l and applicablc law. Our resp)nyibililie5 under Uir>%e standards arc funher des¢rihed in thc Auditors, responsibililies for the audii of the f￿a￿LI#1 sttJLen]enis section of Dur rcport. W¢ ind¥pendJt of ihe Gh8Jit¥bl¥ company in accordance with thc cthical reqiiiremeot5 that are r¢l¢vant to our audit of ihe I￿janCIal 5tateTnCnts in the UK, including the bRC's Ethical sto￿￿￿TIL and we have fulfilltd ouroth¢r ethiciil T¢Wll8ibilitiL￿ in accordance with thcsc requirem¢nts. We believe that the audit ¢vidence we have obrwned 15 sufficient and appiopriaie to provi(k a b4$is lor OLJr opinion_ cont1￿510￿S relgting to goiJ4E eottcern Ill au(5iting Ilje groui) and parcnt finart¢i#l statem¢nt%, V¢C havc concluded tbat the tnstees. use of the going con¢¢m basis of a¢cowiting in th¢ preparation of ihc group fi￿9￿¢1￿1 stJiements is appropriat¢. El&sed on Iht work we have perfnrme(L wc ha￿¢ llot identified an!, material ullcertainli¢s relating to events or condiliuns IhaL divid￿1]y or collectively, Tlldy cast significantdoubi on the chariiable group oi parcTht LoInpi)rtV'5 ability kn continue &% a going con¢¢m for a period of at lea& twel¥¢ months froTll when thc financial sta16mentg ar¢ allthorised tor i55ue. Our r¢sponsibilities andthe r¢sp()n$ibililits of ihe with Tcspect to going concern arc described in the rel¢vant s¢¢tions of this report Other iDfor]llAtio Ihe irusttcs art icsponsiblt for th¢ other fftforn)ation. The vther llrforn]ation comprises th¢ infunnaiiotj llicluded ￿ the Group Annual Repor4 oth¢r than th¢ flnaucial ¥tat¢ments and our Rcport of the Jndependent Alld1th￿ thucon. Our opinion on rhe fiDa]Lci41 bVai¢mertts does not cover the other infomi&tion anl exccpt lo th¢ extent otherwise txpli¢itty ststed in our rq)ort, we dv nol express foThL of wllrdnce concl￿$10n thcreon_ In conne¢tiort with our audit uf F￿anCIal stateinent%, OUT TC5pollsibility is to Teadthe otherinforn)ation alliL in doing $0, ¢onsider i¥hcther tIK other itifom)ation i.s materially incot]5i5tent with the f￿anCial sial¢]neD￿. or our kiioivledge obiain¢d in the aiidil or ottser%vis¢ appears to ￿ JnateriJlly misstated. Ifwe identify such fflalerial irtcoii.%istcncie5 Qrapparenl material misststements, we 8Je required to d¥ltm)ine whcthcr thi5 gives iise to a mat¢rial mi%tattmtni in ihe t￿9￿cIal thtements ihem5¢1vt5. If. bits¢d un the work we havc pcrfornied, we conclude that there 15 aTllattriJl misS￿eMent ofthis oth¢r Éntonnation, M'c are rcquircd to rcpDrt that fa¢t. W¢ have nothing to report ￿ thi5 rtgard. Opiniorts other matters prestribed by the Companies Att 2()6 ) ouropinioii, b&%cd on th¢ WO￿ llndertgkeD in the ctsursc of the audit.. - th¢ inlom)aiion given irt the Reporl ol-the Truslecs for the fmancial year for which the financial mtcm¢nts ￿ prepgred is consistent with tht financial st31e]]Jentg; and - the Group Rewrt of th¢ TruJees ha5 b¢¢n ptepared in accordanLe with applicablc Icgal r¢quIr￿¢nts. Matters on Fhirh wt art required to report by exeeptio tn iht light of the knowledge and understanding of Ihc charilgble gTOUP and par¢nt Comp?￿Y and ils ettvirotullent obtaiiied in the course of the audiL we have not idenÉificd maierial misst8Èements in th¢ Report of tlte Th15treS. W¢ have nothin8 to rq)ort in re5p¢¢I of the following tllattCTS where the Con]panies A¢1 2006 requires us to ￿port to you i£ in obr opinion". ad¢ou accounting r¢£ord5 have noi been kept or r¢turns adequatc for our audit have Thot been received frotn bran¢h¢s n VL5Lted by us. or th¥ ILnan¢ial Sithments are not in w%m¢nl with the accounlins record5 gJLd Fetum%' or Certain di.sc105ures of tr￿at￿l, remuncration 5wified by la￿ are not Tnad¢" or w¢ have noi received all th¢ infvnllaiion ￿la explanations we require for our audit. or the tiiistees were Ijilt entitlcd 10 lakc advglljtage tsf the small companies Gxempiiott from the requit¢]n¢nt to prepaTe a Strdlegic RetA)rt or irt prcpariR¥ th¢ Report of the TTub1¢¢b. Pdge 8

Report of the Independent Auditors to the Members of Barod Projtet Rtspon5ibiiities oftrusteES A% cxplained more fvlly in the 8tatcmtnt of Truste¢s' Respon8ibiliiie8 the Irust¢¢s (who are a]50 the directors of thB charitable wmpany for rhe purposes vf comp4Dy laiN') art responsible for th¢ preparation of thc financiaj sfatcrnents atkd for being satisfied that ihcv give a true and fair view, and for such iDt¢mal control ￿ the Iru5*¢s dei¢rn)ine is llece55ary to enable the prep￿ts0￿ ul fllwcial stalanents that are free from m￿er1￿1 llJi5ststetnert¢ whctbrr due to frnud or error. In prepwing the finallcial s#at¢]n¥nis, the truslee5 Ire KspoJ)sibl¢ for Lwssing the thoyttable group and parent COrnP8lly'5 ability to coiitinuc as a goirtg conc¢m. disclo.%in& as applicable, matt¢rs related io goillg conc¢rn dDd using tht going concern basis of accounting ullles5 the t￿teeS either ill￿nd 10 liquidite the charitable cornpony or io ctase opcration4 01 haveno realistic ￿ternatIVe butto do so. Page 9

Report of the Independent Auditors to the Members of B#rod Project Our responsibilitie5 for tb¢ Ltdit of the financial state]JJent5 Ow ubjLclives are to ikntain reasonablt assuranoe about whether thc group fill￿¢181 sw¢ments as awhole fr¢¢ flo￿ mai¢rial mis%taterncnL whether due It) Irdud or error, and to is¥u¢ u Rewjrt ol'ihe Independent Audilvts thal mcludes our opinion Re￿￿nable assura￿¢¢ 15 a high Icvcl Or￿SUranCE but is rM)t a guarantc¢ thd aD audit condu¢Ecd in accordanL¢ with ISA5 will always dcteci a mal¢rial rni$8r2temcnt when it ¢Xlbls. Missiaiements can ￿lS¢ from frdiid or error and are considETLd [natCri￿ i( individually or in the 4g￿g￿l¢. could reasonably ￿ cxpccied to influ¢nce the ctonomic dccision5 of U5¢TS tsk¢n on th¢ iwis of thes'c financial statements. The extent to which oui pioccdures are capable of dctLting ÈrrcgulaEities, incllldirtg fraud is dctailed b¢lvw.' Jn identifying and as5¥5Sin8 risks ofmat¢rial misstatcmcnl In respect of irregularities including fraud and non-compliaoce laws and regiilations we h2Vt consider¢d th¢ folloiving= (a) The nathire of the indu5ty and sector. Gontrol enviroomcnt and busin¢&s performance. (b) Resu115 of th¢ ¢nquiries of manag¢Tn¢n( ubout their own identifiLalion a8sessin¢nt of th¢ risks of itTcgul&ritits" (c) Any tllatl¢r5 wc hdvt i(kntitied having obihintd and revi¢wedth¢ tharity's documentstion of theiT t)olicies and proce41ures Telating to.. (i) identifving. eva]uaiin8 and complyiEJ¥ with laws and regulations and whdher they were aware of any tiJstattce5 of non-compliance.. {ii) d¢t¢uing and responding to the risks of fraud and wheiher th¢y have knowledge of athiai, siispected or alleged fraud. {iii} the inl¢rnal Lunlrols &slabli5hcd to mitigate risks of traud OT rtfin-compliance with laws and regulations: {iv) Ihe matttts discussed ￿ong the audit engagement te￿￿ r¢gwditi8 how and where fraud might occur in the financial statem¢nt5 and any pot¢Dtsdl indicators of fraud. As aresult of the* procedures, w¢ LOJ]sidered th¢ opportunitie5 Jnd incerttivcs that may exist wtthin the organisation for fraud and identified th¢ grultst wtential fi)r fraud ijj the following areas.. la) Timing of Tetn8niliOrt olincom¢ Ib) Foreign Lurreney translation. Ic) Valuc of 5toGks Jn comfflon with all audils. under ISAS. (UK), we are also requir￿ io perfomi %pccific proc¢durc5tts r¢spo]Ml th the risk of mana8cment ov¢rri(k. We ai80 obtained understanding of the legal and rcgulaiory frameworks thai the company operates in. focusing on pmvisions of ihose laws 8nd regulaliolls that had a direct effe£l on the detertnination of material amounts and disclosures in th¢ firtancial stslerrlents.. Th¢ key laivs and rcguialions ive considered in this context included Companies ACL , etnployment law. h¢aith and safery. pcn%io]L% l¢gislation and legislation. tn additioJL w¢ Lon5idBred provisions of oih¢r laws 2nd regulation5 that d4) noi have a direa effect on the fJnaDcia] sÈalements but ompliance with which ll)ay be furtdamentsl to the wn]paDy'S ability io operate or io avoid amaterial ￿nalty. Audid re5poDse to risks idtthtified Our proceduresto T65youd io risks id¢JJtsfied included the following.. Our pmcedurcs to respond (o risks identified ￿Cluded the following.. {u) Reviewing the Broup fiDan¢i&l stateinent disclesurcs and tcsting to supporting docurncntation to assess compliance with provision5 of relevont law% and rcgulatiOll5 described as having a diT¢Lt ¢rrect the fmancial %tatemertts' (bl Enquiring of Tnan#gernent concerning attuai and potenli&l liligation ￿ld tlaim%; Ic) Pttlorniing aoal)qica] proce41urcs lo identify any unusual or uu¢xpe¢ted Telationships that Ulay iThJi¢ate risks of rnaleria] MiS￿atemCnt du¢ ￿ fraud. and Id} In addre&5in8 thc nsk of fraud through managemcnt overrid¢ of control4 testing the appropri￿ette$s of joumd entries oth¢r adjustmcn15,' aws%ing whcther th¢ jud¥ttments made in mgking acwuulitig esiimates are indicativc of a potential bi35. and evalU￿1ng the buSTr￿S rationale of 3n}' significanl trallsaction% that arc unusual or oulsid¢the n()mial course of busintSS. We also ￿m￿unIcated ￿leva￿lI ideotified la¥4'5 at￿ regulatiQllS pOl￿)Ila1 fraud risks io all cngag¢m¢nt team memb¢r$ 0] remained alcrt 10 indirntions of frdud or noll-Gornpliartce with laws and regulations throughout th¢ audit. insiances of Materi￿ non-cornpliance ii'¢re identificd. Howcvcr, th¢ likelih()od of dctcctiDg irregulariiies. including fraud. is limited by the inherent difficlllry in dctecting. irr¢¥ularitie& the effe£¢iven¢bs vfthe ¢n(iiy's coiitrol.s, and thc llatur¢, litning and txteni ofthe audit proc¢duT¢S pcrforned. Irrtgularitie5 thdl re￿111 frotll fraud tnight bc inhcrcnlly nore difficult to dcrcct than irrcgularitie5 that rcsuli from emir. As cxplaincd abTrv6, there 1% an unavoidable risk that Thaterial misstatements. may nol be detect￿, even thou8h aJKiii h&8 been plan￿¢d srtd performed in aG¢ordanLe with ISAS IUKI. Page 10

Report of the Independent Auditors to the me￿berS of Bar(￿ Project A furthcr description of ourreswnstbiltEtes for th¢ audit vfihe finanLial statements is locatcd on Ihe FlA￿claI Rcporting Council'$ w¢bsi* al wry4ryv.frc.or8.ukl&uditUTsrL%ponsibilitie%."Ihis description fonns part of our Report of the AudtÈor5. Use ofour report 'Ihi5 WOt1 is made solely to thc charitabl¢ company's member& &8 a bod)., in accvT(IunLe with ChapieT 3 of Part 16 uf the C4impani¢s Art 2￿￿. Our audit wurk Iws been undertaken so Ih31 we might state to the charitablc companls Membe￿ those we are quired to stale to theJn in an aiidilors. repon and for no othcr pu￿05¢. To the hlle# extent permitted by law. we do nul a¢¢¢pi or Il8umc responsibility to anyone other thall the ihari12ble compan). and the charitable L4)tIipaoy's member.% a boJy. foT QUI audit work: for this rewrt. or for the opinion% we hav¢ fortn¢d. G. froncis, Gareth Francis FCCA Isenior %t2ts]tory Auditor} for and on behalf of X¢iTJadin Audil LiTrited charter￿ Accounlants & STaNtory Auditor5 Suite 2d llll1ldu￿ l Eastern Business Park Si Mellons Cardiff Souih Glamorgan CF3 SEA Pagell

BAROD PROJECT Consolidated Stai¢tllent of Financial Activities lor the Year Ellded 31 f+(arch 2025 31.3.25 Total nds 31.3.24 Total funds Unrestricted fL￿dS Restricted funds Notes INCOME AND ENDOWMENI'S FROM Donations #thd leg8¢i¢S 2,575 2.575 5,418 Charitsble activitie% Dnjg and Alttshtsl Suvicts Othcr Servi¢¢s 8,971.723 8,971.723 241.682 8.759,715 216,251 241.682 Other trading activitics InVL*￿Cnt in¢om¢ Oiher incon]c 34.555 26.391 27,392 16,166 282738 26,391 Totsl 9 43) 410 9 677 OY2 9 307 680 EXPENDrruRE ON Raibing lunds 78.ff25 78,025 70,770 Ch•ri¢xble artivities sUp￿rt Jnd casework Trainirtg 9.304,1)99 549 239,416 9.543.515 9,146,881 Totsl 9 434 673 239 416 9 674 089 9 271248 NET INCOME 737 2,266 3.IK)3 36,432 RECONC.ILIA TION OF FtM)s Total hmds broughi forward .834.519 828.471 2.062.990 2,626,558 TOTAL FUNDS CARRIED FORWARD 1 835 256 830 737 2 665 993 The ttotes forni part of thes¢ fillancial statements Page 12

BAROD PROJECT Cun501idated BalaDce Sheet 31 March 2025 31.3.25 'I'otaS nds Unrestri¢ted funds estricted nds Total funds Notes FIXED ASSETS Tattgibl¢ assets 15 190.27 .431,693 1,621,96_1 1,380.829 CWIRED4T ASSETS 16 17 l.(k50 798,405 2,063.963 1,060 798,405 2.(h3,963 957 1,397,997 1,455.813 D¢biors Cash ai baJ]k and in h8nd 2,863,428 2.863.428 2,854,767 CREI)ITORS Amoiints tallin8 duc withtn tsneyear 18 11,218,442) {234.048) 11,452,490) {1,456.6061 NET CURRENT ASSETS l.(A4 986 1.410.938 1,398 161 TOTAL ASSETS LESS CURRENT LL4BILITIES 1.835,256 l.l97,645 3.032.901 2.778.990 CREDITORS Atllounts fallitig du¢ aft¢r rnore than one year 19 (366.908) (366,W8) (116,IX)O} NET ASSLTS 1.835,256 830.737 2 665,993 FULYDS 21 Unte¥iTiited funds Re5tricttd funds 1.835,256 830,737 1.834.519 828.471 TOTAL Fuf4DS 2.665 993 662.9 These financial *atemeD15 have been Prcp￿￿ in a¢¢i)rdance with the provi&iuus applicable w ¢haritablt cotnpani¢5 subjeLX to the small cotllpanies regime. The hnancittl 8Lltcrnellts were approved by the Board vf Trus￿ and authorised for issue on . signed bebaifby.. and wcrc L Ll3rk-'InL%tce The noLes forni part of these fmancial statements Page 13

BAROD PROJECT (REGISTERED NUMBER: 01073381) Charity Balance Sheet 31 March 2025 31.3.25 Tota] nds 31.3.24 Total fi￿d$ Unrestricted fiEnds Restricted fund Notcs FIXED ASSLI'S T3ngiblt assets 88.731 1,204,646 963.259 CURRENT ASSETS Debtor5 Cash at bmk and in hand 14 983,738 2 019 636 983.738 2019636 1.556.349 430.021 3,￿3,574 3,003 J74 2.986370 C.R V.DITORS A￿Ount$ falling due ￿th]ll one y 15 11.061,8551 16(M),9561 {1,662:811) 11,669,425) NET CURRENT ASSETS 1941519 61K).956 1340 563 1316945 I'OTAL.4SSETS LESS CURRENT LtABILITIFS 2.030,250 514.959 2.545,209 2.280.204 CREDITORS Atnounts falling due afttr tnort than one yts 16 (366,908) {.366,908) 1116,IK)O) NET ASSF.TS 1,663,342 514.lJ59 2,178,301 2.164.204 FUNDS Unrestricted Funds R￿tricted funds 18 1,663,342 1,635,733 528,471 TOTAL FUNDS 2,178 301 2.164,204 Thc financial %tatcmcnts wcrc approved by the Board of T￿ste¢s and authorised for i$8uc on .. signed on ils beha￿bY.. . were L Clark- Truslee The noLes forni part of these fmancial staiernents Page 14

BAROD PR(AtECT Con501idated Cash Flow Statemtnt for the Y¢arEnded 31 March 2025 31.3.25 31.3.24 Notes CAsh flows from operAting activities Ca8h g¢nerated from operatioiis 1,082.496 Nel cash provided by operating aGtiviti¢5 1,082.496 372.774 C25h flow5 from ini'esting ictiwities Purchasc of t￿￿lbIr r￿ed assets ¢erest r￿elVed 1500,737) 26.391 (li1,(￿4) 16.166 Net cash in inv¢stillg 4¢uvities 1474 346 Il34,8911) Change IJJ ¢*$h and ¢9sh equivolents ID the reporting period Cash and c#$h equivalents fit the beginDing of Ihe reporting period 608,150 237,876 1.455.813 1.217 937 Casb cash equiv#l¢nts at the tnd of the reporting period 2 063,963 1.455.813 The notes form part of these financial statements Page 15

BAROD PROJECT Noles lo the CoDsolidated Cash Plow Statement ror tbe Year Ended 31 Marth 2025 HECONCILL4TIOP4 OF NET INCOME TO NET CASH FLOW FROM OPEIIATING ACTIVITIF 31.3.25 31.3.24 Plet for the reporting period las per the StateLUMt ofFin#tt¢ial Activttie51 Adjustjntnts for: Depreciation charges Inier¢st received (IntTeWydetrtr￿# siock5 D¢cmse in dehtors tnrrVdbd(deLre￿¢I in creditors 3,th3 36.432 259.603 (26,391) {103) 599.592 246.792 237.448 116.166) 103 197.53U 182.5731 Net c&sh pro￿ded by operations 1082 496 372,774 AIYAI.YSIS OF CHANGES IN P4ET FUNDS At 1.4.24 Ca5b flow At31.3.25 tt ea$h Clsh ai batth and in hand 1,455,813 608,150 1063,963 1.455,813 608,150 2,063,963 Total 1.455.813 608 150 063 963 The notes fortn part of these F￿artClaI statements Page 16

BAROD PROJECT Notes to tbe Consolidated Financial Statements Ior the Year Ended 31 March 2025 AccoifNTING POLICIES Basis of preparing tht fEn4nci#I ststsments The fiTrm¢ial st&tetnenls of tli¢ thariiable LOmp￿y, whirh ts a public ben¢fit entity under FRS I()2, havc bccn rttparcd i awordance with ihe ChaTilie5 $0111) IFRS 10?) 'AccountiAg and RewTting by Chatiues.. Staten]ent of R¢co]ntnended PTr¢tire applicable to chaTiti¢b Prepar￿& their ￿¢0￿A¢S ill accordmL¢ wilh Ihe FiTranei2] Rcporting Standard applicabl¢ ID the UK and RepiibliG ot Ireland lTr'R8 1021 (ellertive l January 2019),. FTDanLial Reporting Standard 102 The Fill£￿(1￿1 Reporting Standard applirable iti Il)e UK and Rtpublii ol Ireland, aDd the CothP￿¢S ALt 2(MJ6. 'Ihe fIllanci￿ 51atemtnts h8v¥ b¢¥n piepared und¢r the historiLai cost conTrention. The Gwup's functional ynd p￿sentatIonal currency is tht pound sterling {£), and balances roundcd to the n¢Jr¢#£l. Basis of tonsolidation and tompsrgttves The finanLial stal¢tnents consL)iidale th¢ r¢5uItE of thc charity and its wholly owncd suhsidiarics on a litie by lirte basis. No separate %tatcm¢nl of I'inancial ActlTrLtiC5 (SOFA) has been prep￿d Ivi the Charithle Compafty as ptrn)itted bw Seclion 408 of the Companies Act 2006. Income A]1 incom¢ is rettsgni5td in Ihe Siattmeiit of Financial Activitie5 once the Ciroup has cnlitl¢menl (o Ihe fi]lld& il is probable that thc incoFn¢ will be reccivcd ￿]d the amtsllnt cat) be measured ￿lIablY. Ii is derived from the aLiVjIL¢S out11￿ed below. Donations without tondiiions arc accounted for on a cash received basis. In the event a donalivn is subject to ¢ondiUOnS th requirc a Icvcl of peTfomJaJ]ce Lrfore th¢ Group is eniiued to the funds, th¢ Jncome 15 deferred and not reCo￿ls¢d in full either until those condilivns are fully rne¢ or thc fvlfjimcnl of thos¢ c(Trnditions is Ththolly within the ¢olltrol of tht charity and it is probablc that tho condilLons will b¢ fulfilled in the repN>rting P¢lLVd. GrdLt incomc is Jctounted for on an a￿T￿￿$ hL8is and is 5hoMryL in the financial 5tatetn¢nts' wh¢n the Group earns the unconditional right tts Ihe futi(ts. Grants le￿iVe4 for a sr¢cific PUTPOSC Ireated 8s re5tritted ￿n￿%. Rtvcnuc grants arc ¢r¢diied direcily to the Statc]nent of l.'inancial Activiiics, oncc the (ir¢up h&$ unconditiollal rights, and capilaj g]￿19 are rea]iscd ovcr th¢ lit¢ of the a&%ct in line with iJ¢preciation policy. D¢f¢tr¢d income consists of grants whiLb they th¢ Group do not have the unLvndiliondl rig￿ts. Other trading aciiviÉieb Consist of iiicoffte froTn ttaiiiin8 courses is re¢ognised wbro Ihe training has provided. Incotnc FeL¥iveJ itt advanc¢ of a training ￿urse 15 delerred until the critcria lor income re￿gnItIOn are m¢L Ini¢sthient inCOm¢ 15 in¢luded when receivable alld thc amount can b¢ Tneasured r¢ltably by th¢ GTOUP" this 1$ rtornialty upon notificatiun ofthe inler¢%t paid orpayablc by th¢ bank. OtheT inLome consist of JnoDicsl&sscls rec¢iY¢d frorn subsid1￿ sntiti¢¥ exclllded from collsolidaiion. This is Te¢og]Jised when the risks aTJd reM'¥ds have bccn trgJJsftrrvJ. Donated $ervi¢e& as$¢ts and fAtilities l)onated professional s¥ryices, donated ￿￿ets. 8nd (i¢>naied facilities are rccoxDised illcorne when the grow) control ov¢r the iteni. and conditions &w¢iated with the donafcd itetn have been me¢ thc receipt of ¥wni)mic bellefi( from the use by the chantabl¢ tnmp2ny of the It¢￿ is probable and that econornic i￿e￿i ean be Tneasured Tcliably. On Tcc£ipL donated pmfessional seTrir4 dthnated &85ets a￿d donaled (aciliiies are r¢coglli%d on thc basis of the Yalue of the gift io the grvup whicl) is the amuuTrl th¢ gruup ¥vould have heeli willing to pay to obtain %trnrycts and donated facilitie5 a corresponding 3mOUAI Is then T¢cogiiistd in cxr¢nditt)r¢ in lh¢ period of receipt. Dvn&ed wis are depirciat&J ovtt the life of the a55ei. F.xpenditsrt Liabi]ili¢s are recognised as ¢xpeftdilur¢ a5 six)n as thcrc is a legal or COTL4n]ctivc obliEaiion committing the Group t() that expendituic, il 1gprobabl¢ that a transfer of cconomi¢ benefits will be r¢quireJ ￿ S¢lLlemeni and the aTUUUtLiof th¢ obligaiion an b¢ mtdsured reliably. Expenditure is accounl¢d fvr on an Accrual% bLsi5 and t¢en clas%iti¢d under htAding8 that egate all cost related to Ihc e8(e80ry. Where tajjnoi b¢ dir¢Gtly attributcd io particuldr headings th¢y haye been allocated to activities on a b&8is consisÈtnt with the use otresource5. Employee benefits Short terni ben¢fLlS iThcludin8 holiday pay 8re recogrtised as an in the period in which the St￿1cc is rcceivcd. Pag¢ 17 continued...

BAROD PROJECT F4otes to the CoTrsolidateil Finaneial Statements- coiitinued for the Year Ended 31 March 2O2S ACCOUPITING POLICIES- tontlnued Allocation and apportionmettt of costs Support costs are th05¢ functionsthai assLSt th¢ wuTk of the Group but do nol diT¢c4ly undertakc ch8ritabl¢ actiyities. Support Costs have b¢¢n alloratcd bvtwttn governance dnd other stjpwrt C05L8. CJovernance eosls compnse all costs involving the public accountability thf tht Group and its compliante with regulation aud g¢K)d pI2Ctitt. These coscs include costs related to statutory audil Jnd legal fees with an apporliotunenl ol'overhead and support rosts. TaDgible fjied 45Sèt$ Dcprcciation is provided al the following arUlu￿ Tates in order to write off each ass¢1 over its e5tirnat¢d use￿1 life. Freehol(I property Short Ic&%chold Fixttjrts and fittings 2010 On CO8t the period of the lease 25010 on cost alld 150/0 011 Wst Motorvehi¢les 25¥ on cosl Debtors Amouryts recoverable on Lontracls are recogni￿d ai Ihc 5¢tt1¢TnrtLI amount due aftcr any discount offered. Pr¢p)tynenis are valued ai the amount prcpaid nct of Jrty discounts due. Cash al bank gthd in haDd Cash ai b8nk and c￿h in hand includ¥5 and shon lem highly li4uid inv¢￿Trents with a short maturity of thrtc months or less from dale ol'acquisstion or openin8 of thc dep051t or similar account. Creditors provisions Credilor5 and provi￿OnS arc recognised where thc charity has a PTtseoi obligation r&sulting fr()Tn o pasl event thai will probably Tbsult Yi 1he transfer of fun(ts" to d third party and the amount dtse lo settle the ohligation can be Me￿llred or estim&ed reliably. Credilurs alld provisions arc nomially rcCognJ￿d ai their %ettlemcni amount after ajlowrng for )ny tr#Je th.￿oUnts due. Financial in5tTumtnts The Group only has fuJoLcial ￿se[S and fin￿¢191 li#bilitie5 of a kind that qualify as b￿l¢ financial instruments. il&i¢ financtal iiistrutnenls arc initially r¢cogni5¢d attran%action valuc and sith5¢qllenilv measurcd at th¢]rKtt1eTll￿t valu¢. Stocks StOLks are v&lu¢d at the lowcr of cost and net realTvAblc valuc. aftu making due allowance foT obsol¢t¢ and slow m¢)viug Taxation The charity ib ¢x•npi from Coq￿ration t&Y on it3 charitable activities. Fund aceounting Unrestricted fi]nd5 can be used in ac£ord8rtcc with thc charitable obje¢tives at the discretion of tk thjsw. Restricted funds Gall only be used for particulaT rcstrieted purposes within the objccts olth¢ GTOUP. Restrictions arise wh¢n specified bv thc dottor or whell fvnds aT¢ raised for panicular r¢stTiiied purposes. l)esi8natcd funds unre5tri¢ted of thc Group whi¢h the tn]stees have dtcidtd al their discretion to set &side to use for specifi¢ pu￿OSe. rurtheT explan8tion of th¢ nature and puryose of¢aLh fund is included in the TLOt¢s to the fmancia] swements. HTre p￿rth￿se lea$ithE tommltmeAts Rentals paid und¢r vp¢ratirtg le&ses are Ch￿￿ed to tbc Slaiement of Pinanciai Adivities on a s1rdi￿t litr ba5i% over the pcriod ofthe le&. Ptllsloll Costs and other post-retirement beuefJt$ The charitable tompanv 0￿￿e5 a der￿ed tontribuiion p¢D5ion sLh¢m¢. coniributiot15 payable to Ihc charitsbl¢ cornpany's tension sth¢me are charged io the Stst¢tneTrt ol Financial Acti￿ticS in th¢ period to which they relat¢. Crltical Y4C¢QUntinE estimhtes and judgÈmtnt5 The Group tnakts cstimates and assumplii)ns concerning the ￿tllre. The resulting a¢￿U￿11thg estirtxies will: by definitio[4 seldorn equal thc rclaied actual Tesults. Thc eyLirnate& ￿nd tt$5umptions that have a 5ignific#ni risk of cau%ing a mal¢T¢21 adjustm¢At to the carying aHJounl% Df &8sct% and li&bilitic5 Within the nexi year are d¢¢ailed below". Page 18 Continued...

BAROD PROJECT Notes to the Consolidated FiRallci#l Statements - continued for the Year Ellded 31 Mareh 2025 Ae.couwfING POLICIF.S- ¢ontiDVtd Critiral #tcourtting estim2te% 2nd judgetnertts {]} T'he annual dcprcciation charge for iangible fixed assets 15 ￿￿5]liVe 10 ch2n8es in the e5ti]nat¢5 useful econtsmi¢ lives attd r¢bidua] values of the assets. Th¢ us¢ful eLunomic liwes and Tcsiduai values are re-l￿%¢&1td annually. They aTC amended when ncw$sary lo reflect current tstimat¢, bascd on the curr¢ni ¢stimaie and the phy5ica] wndi¢ion 4)f the ￿Set$. DONATIONS AND LLGACIES 31.3.25 31.3.24 DonatiOTL8 5.418 OTHER TRADING ACryIVI'I'IES 31.3.25 31.3.24 Shop incomc TrainiDg income 33,887 668 25,715 34.555 27,392 INVESTMETrU INCOME 31.3.25 31.3.24 Depuslt account irttere 26,391 16,166 INCOME FROM CHARTIABLE ACTIVITIES 31.3.25 31.3.24 Actifftty Drug and Alcohol Service5 Other S¢ryices GrAtLts Granis .971.723 241682 &759.715 216231 9.213.405 8.975.966 Grants reG¢ived. included in the above are a5 follows=_ 31.3.25 31.3.24 Local H¢allh Board5 Unitary authoritics and community safety pgrtietship Out of WQTk pfogrammt Olhcr Release of Capital Gtynls 91,000 8,322,413 558.310 91,000 8,053,675 615,040 241,682 216251 9213 405 8.975.966 OTHF.R ilicof*ll 31.3.25 31.3.24 Miscellaneous incon]e 400,166 28173S PabFe 19 continue(L..

BAROD PROJECT Notes to the Consolidated Financial StateJneDts- continued for the Year F.nded 31 Mv4rch 2025 RAlStNG ruNDs ()ther trading activities 31.3.25 31.3.24 Purcthes SialTc0515 MotorcKtKnscs Repairs & mal0￿￿8￿ce Light and hcai Cleaning Stationery & telephone Dsurattce (hher legal at)d profcssional Sundries Bad debts Ratts &Waitr DepreLialion 9,196 41.9(A 360 4,340 A531 1.218 952 3,244 10.003 39,420 342 4.985 5.573 686 89R 2,643 2.139 fA7 1735} 3.896 253 3,474 3.365 2)3 70.770 Page 20 CODtiDued...

BAROD YROJECT Note5 to the Consolidated Financtal Statements- continued for tbe Year Ended 31 March 2025 CHAIUTABLE ACTJVITtES COSTS Support & Cascwork o#s Total Total Direct costs 31.03.2025 31.03.2024 Salaries. Nl. pensi(kn Partntr Ch￿ge balari¢s 9Dd expenses Supervision and se%ional wot Molor and rnilcag¢ expc]]ycs Advertlsing, PTilltinB & repruduLIio N¢tdle cxchangr supplies and di5P05al Client COMS, diversionary activtty 7,(H5,694 13.652 7.059.345 6,502.070 578.145 69.645 245.693 578,145 69,645 247,859 506,882 102,079 246,703 2,166 31,700 31.700 43.105 133.498 133,498 107.879 154.135 154.135 182017 &258.511 15,818 &274329 7,6￿,736 Allouttd SUPPf)rt ¢osts Salaries, bl. pension 'I'rairting cxpcnsc8 Recrni￿e￿[￿Osts Rent and rates Insur&nce Healihtare l.leaiing and lighting R¢pairs and cleaning Il. Sofhvarfy cO[￿UMab]e£ ]naini¢nance TeleJA)one #nd ¢omtnuniLalion Stttlionery Puslage bquipmertt Ic&sin8 Subscriptions and publicatiot15 Legal & pTufcs5iona] lees LonsulLkncy fe£s Sundry uLTi¢e cosiy 13ad debts D¢pTe&iiilion ll)cluding lease atnortisatio Profit<>n disposal of n)otor v¢hiLle Cyovemancc cost 45,314 45.524 7.612 103.227 73,552 24.017 137.394 255,989 45.314 51.379 7.6J2 105.874 77.423 24,017 144,625 255.989 35.355 (fil,673 20,631 149,633 66,743 19,623 168_W8 324,862 5,855 1647 3,871 7,231 51,024 178,091 6.015 6,484 2,685 9.423 318 3611 606 53,709 187.514 6,333 6,844 12,113 19,071 32,384 3,rffjo 590 98,280 191,858 6,355 7,491 9.566 10.763 25.168 3,(K>O 1.578 19,071 32,384 3,(H)O 560 30 257.(K)7 2,596 259.((13 237,190 35,103 1286 113 35.622 1321735 1.509.742 9,544.624 51.440 9,596,1>64 9.200.478 Page ?1 continued...

BAROD PROJECT Notes to the Consolidated FinaDcial state￿ents - continued foy the Year Ended 31 March 2025 SUPPORT COS13 Sw)port costs includes the follo￿￿ll8 governance cos¢s'. 31.3.2025 31.3.2024 Saiaric& NL wision Telephone wrnmunicaLion Stlllionery and post2ge Advttrtisin& printing and reproduciion Legal & professiotjoi fees Ilank chargcs Alldiiors retnunerutio 1,329 942 J92 18.079 964 426 1053 1,704 3,347 574 2.138 1,731 3.318 NET JNCOMEI(EXPENDITURE) incomeJlexpeDditure) is slated after ch￿]￿￿{(￿dIIIttg}.. 31.3.25 31.3.24 Auditors. remuneration Dep￿Ciall0ft- owned assets Other op¢raritLg le*ses &574 259.￿3 8.447 237.442 19.491 ii. TRUSTEES, REm[￿lERATIoN ANT) BENEFITS There W¢T¢ tLV Irustees, remun¢ratiull or vthet benefits for th¢ ycar ¢nded 31 March 2025 rK>r for the year ended 31 March 2024. Trustees, expen5e5 During the year n¢)nt ofthe tnjsttts received r¢imburgement fortravel cxpmscs12024.' none). 12. STAFF COSTS 31.3.25 31.324 Wag¢s salllries S(Kial seturity Losts Other pension costs 6.391734 569.724 198 994 5.909,315 501,769 189.709 7 165 452 Key manxgeMeDt ptrsonnel Key management personncl are COT]5idered lo be those petsonn¢l who are noL tru5t¢¢s but sii witbin key oreralional and Strategic roles for the Charitable Company. Th¢ tots] emplo}Inent b¢]]¢fitb vf Lhe key tnanagetn¢At personnel wer¢ £245K (2024.. £19?Kl which consisted of gros5 pay. employers, wdtional itLsurance and cmploscrs, pcnsion rosi> Th¢ 41v¢fdge nionthly numberof employees during the ycar was ￿ follow5-. 31.3.25 210 33 31.3,24 204 31 Charitsble activities Managemwlt and adlllinistration 243 235 Page 22 continued...

BAROD PROJF.CT Not¢$ Iv the Consolidated Finatsefftal Statements- £ontinlled for the Year Elldcd 31 March 2025 12. STAFF COSTS- CODtinued The ol¢mploy¢ts whose employe¢ t¢n¢fits (eXcl￿1ng employer pension cosrsl ¢x¢eed¢d £60,000 was.. 31.3.25 31.3.24 £60,IJ)I - £70.000 £70,(K)1 _ £80,000 £80,IX)R - £90.0 13. COFWIPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES Unrestricted funds Restricted fi￿dS Toial funds JTr4cor*lE A.ND F.NDOWMENTS FROM Donations and l¢gaGie5 5,418 5.418 ChaTitsble aettvities Dnjg and AILDhol Servic¢5 Other Services 8.759.715 8.759.715 216.251 216.251 Othtrtrading activitics tnvest]lleDt income (Ither Incomc 27,392 IA166 282 738 27.392 16,166 282 738 Total 9 IY)1.429 21&251 Y.307.680 EXPENJ)ITITRE ON RaisiJJg funds 70,770 70.770 Charltable Activitles Support and L￿twO Training 8.917,115 229.766 9.146.881 Total 9.1￿1 482 229 766 9271248 T INCOmEI(EXPEND￿URE) 49,947 {13,5151 36,432 RECONCILIATION OF F[￿lDs Totat fL￿d% brought torword 1,784,572 841.986 1626,558 TOTAL FUP4T)S CARRIED FORWARD 1834 519 828471 Page 23 continued...

BAROD PROJECT Notes to the Cortsolidateil Finan¢i81 Statements- contioued for the Year Ellded 31 Llqarch 2025 14. CHARITABLE COMPANY RESULTS 'Ikt Charitablc CompaiLy has take advanragc of Section 408 vfthe Companie5 Act 2006 dnd b¥L% nol includa its own income expendilure in these financial S￿le[ne￿￿..1.he rcsults Df Barod (th¢ Charit2blt Company) are: Tol 2025 Tothl 2024 Total incomipg rcsour¢¢s Total resource5 expended 9,643,2(h5 9629 109 9281.606 9 237 375) Net 14,097 44,231 At l April 2024 2,164.204 2.119,973 At 31 Marth 2025 2,178.301 2.164204 15. TANGIBLE FIXED ASSE"rs ImprovemerAts Fr¢¢hold property Short leasehold property COST Al l April 2024 Additions Disposats 1,185.619 786,003 500,737 1514,253 114,580 Al 3 1 Maroh 202) L85.61Y 772.487 114.580 DEPRECIATION At l April 2024 Churg¢ foryear ElitniThateJ on di5wsal {3,5801 15376 622,883 241,682 1514 2531 86.826 2,292 At 31 March 2025 350312 89.118 NET BOOK VALU At 31 Mdtch 2025 1.173,823 422,175 2i.462 At 31 March 2024 1 189.159 163 120 Page 24 continue(t..

BAROD PROJEcr Notes to the CoD501idated Financial State￿¢￿t$- continued lor the Year Ended 31 March 2025 is. TANGIBLE FIXED ASSFTS- continued Fixtures Motor vehicles fittings Totals COST At l April 2024 Additions Di5wsals 327,913 200,498 1614,613 51h),737 1514,2531 Ai 31 March 2025 327,913 200 4911 2.601,097 DEPRECIATION Al l April 2024 Cbarge for year l.'liTninated disposal 327,157 253 200.498 1,233,784 259.603 514,2)3 At 31 Marrh 2025 327 410 979 134 NET BOOK VALUE At 31 March 2025 503 1,621,963 At 31 March 2024 756 1380 829 CFL4RITABLE FIXED ASSETS {CHAPJTABLE LOMPANYI rr¢¢hold Property Improvcments to Property Short leLsehold COST At l April 2024 Addilions Disposals 768,805 786,W3 500,737 1514.2>3 114.5110 At 31 March 2025 768 805 114580 DEPRECIATION At l April 2024 Charge f()r the y EluniDale41 on dis￿)8&1 175,202 15.376 444,101 241,682 86,826 2,292 Al 31 Mgr¢h 2025 171530 NET BOOK VALUE At 3 1 March 2025 578,227 600,957 25,462 At 31 M)rch 2024 i93.603 341,SQ2 Page 25 continued...

BAR()D PROJECT Not¢s to the CoDsolid4ted Fillaneial Ststements- continued for the Year Ended 31 March 2025 15. TAFIGIBLE TrIXED ASSETS- continutd Fixlurcs alld fittings Total Motor V¢hicles cosr At I ApTiI 2024 Additions 319,777 2￿.499 2,189,664 5QO.737 514253 Al 31 Mareh 2025 319.777 200,499 2 176,148 DEPRECLITION Al l April 2024 ChJrge for ihe year Eliminated 319.777 200,499 1,226,405 259,350 514.253 At 31 Mar¢h 2025 319,777 200.499 971,502 NET BOOK VALL Al 31 March 2(r25 1.204.646 Al 31 March 2024 963.259 8hort tcrn] lea￿ are rtprescntcd as follows:_ CAPI'I'AI. LEASE VALUE P￿0D GRANT Amortised VALUE PROPERTY GIiANT'IRTr.A'I MCNr 25 North Parade, Aberysi St FI￿&￿S Hous¢, Ca¢tphill) LowcT Dwk SlreeL Newport .bhw Vale lllstitut¢ Kiti¥sway, SwanEea West Bulc St, Cardiff Vaughan SL Llan¢ High Street 195,781 3.25 YegJ5 180.0 3 Years 115,2(K> 3 Ycars 19,053 3 Years 120,000 5 Year5 137,500 5 Y&vs 20,0 l Yegs 14,250 3 Years 195.781 62.781 60,0( 38.300 6.351 24,000 27,500 20.000 4.750 Deferred govn grants Det¢rred goTrry] grnnts Def¢Ered govn gtynl&' I)eferred govn gnnts Defwred grdnls I)eferred goi'n Brants Deferred go￿ grnnts D¢1¥￿ed ￿#1 115.200 19,053 120,(X)O 137.500 2O.(K>O 14,250 L4 241682 All of the abuv¢ ￿¥C1S atsd th¢ ciwresp[￿d1Thg gTants art being written off in line M'ith ihc t¢rn]s of their le&8e agre¢mettts 16. STOCKS 31.3.25 31.3.24 Stocks 1,060 957 'rhere is no stock ID the Charitable Cojnpanv. Page 26 contillued...

BAR()D PROJECT Notes to the Consolidated Fil￿￿¢1￿1 Statem¢nts- contiDued for the Year Ended 31 March 2025 17. DEFTORS: AMOUP4'18 FALLING J)UE WITHIN ONE YEAR 31.3.25 Amounts recoY¢rabl¢ OD COI)tract Oiher debtors PrtspaytDw]ts 689.889 .334,134 1,852 108516 798 405 1397.997 ChaTitsblc Company 31.3.25 31.3.24 Amounts recoverable on conty8¢ C)ther debtUT3 Prcpaym¢nts 689,889 185.333 108516 .334,134 160,204 983 738 1556 349 Page 27 colltittued...

BAROD PROJECT Notes to the Con501idat¢d Finalleinl Statements- rontinued for the Year Elided 31 Mareh 2025 CREDITORS: AMOUYTS FALLll¥G DUE WITHIN ONE YEAR 31.3.2) 31.3.24 Trade creditor5 Social Security uther ILxe5 Accruals and deferred incomc Deferred government grants 1,435 1.32.882 1,1158,344 922 I 14,998 1.114,782 225,904 1456 606 Charitable CompaLy 31.3.2025 31.3.2024 Amounts oiyed lo gTOUP undertaking5 Social securiry and other taxes Accrnalb and deferred income l)eferr¢d govenlltL¢llt grjtsls 203.357 132,882 1.076,743 249 829 205,(KIO 114.Y99 1.123.522 16628ll 19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE TIIAN ONE YEAR 31.3.25 31.3.24 Deferr¢d governmeftt Brants 'rhe above is lor the Group and Charitable Ci>mpLy. 20. LEASING AGRKLMENI'S Minimum 1￿C paymettts under noD-cart¢¢llable operat￿g leases f￿1 dlle as follows.. 31.3.25 31.3.24 Within ￿t year 99.735 99,970 21. MOVETrILNT IN FtIPyllS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted fuud$ Crtneral fi￿d .834.519 737 1.835.256 Restricted funds Capital 828.471 2,266 830,737 TOTAL FU]¥DS 2 665 993 Pag¢ 28 continucd...

BAROD PROJF.CT Notes to tbe Consolidated Financial Statements- continued for the Year Ended 31 March 2025 21. MOVEMENT IN FUNDS- tontiDu¢d Nd movemellt ill fi￿d$, in¢luded in the above at¢ #s follows.. InLorning resources Resources expendcd Movcment funds tinrestricted funds G¢neTa] fund 9.435,410 19,434.6731 737 Restricted fund5 Capital 241,682 (239,4161 2.266 TOTAL FUNDS 9 677 092 19 674 089 Compgr9tives for movem¢nt in funds Net overnent in fU￿(L￿ At 31.3.24 At 1.4.23 Unrestricted futhd$ Gelleral fund 1.784.572 49,947 1.834,519 Restr5cted fuDds Capital 841,986 {13,5151 828.471 TOTAL FUNDS 2 626 558 2 662 990 CotnpvJalive nei movemajt in included in Ihe abov¢ art as follow5.. Inwrning resour¢es Resources expended Movetneni in fullds Ilnre5tricted fuDd$ C7encral fund 9,(91,429 (9,￿1.482} 49,947 Restricted Capital 216.251 {229,7661 113,515) TOTAL FUNDS 9,307,680 9,271.248 36.432 Restricted funds The r¢stricitd tunds r¢lat¢ capiLII Brallts ¢xpcnd¢d on fixed ￿sCt$. thesc funds irtcrea5e each year Mryth the rec¢ipt of further capital 8rants and r¢duces by amounts each Y¢1￿ equiva]enl to depreciation Lh￿￿¢8 an(Vor by repair costs trtated as revenue ¢xpendiwr¢. UNrestrlcted and de5ignat¢d fullds The unresirict¢d funds compri%e th05c funds which the trnsrccs are free 10 use tn accord9￿Ce with th¢ ch9Xitabl¢ objeaive&A d¢signatcd fi￿d M'as creatrd in or(fer tu allvcate fimds for estimated optraling c0515 should bc a significant decr&9se in fundin¥. Page 29 continued...

BAROD PROJECT Note5 to the Con501idated Financial State￿ents- Colltinued ror th¢ Year Ended 31 March 2025 21. MOVEMENT Ifi FUNDS- co¥tinued Mov¢ments in fund$ ICharit#bl¢ Company) N¢t tnovfflia2t in fimds -I'ransfer belween To%ervcs At 31.3.25 At 1.4.24 UDrestritted funds Geiierdl fund Restridtd funds Capits 1,635,733 27.609 1,663,342 13512 514959 TOTAL FUNDS 21￿204 2 178 301 Nct movcjncllt iD fimd& Includ￿ itl the abovc arc follow5.' Incoming resources tle50urccs cxpeDded Mvvetncnt ttds u￿reStr1ded funds Crenerai fi]nd Ke$tritt¢d funds Capila] 9,401,524 {9.373:915 J 27,609 241,682 255 1941 135121 9629 109 Restricted funds The r¢5trict¢d fi￿dS ielatr to ¢apital grants extKnded on fLxed asset4 these fi￿￿$ ineFease wh year with the receipt of furth¢r capilal grnnts and redllces by atnount% Each year equiva1e￿t to depre£i¥tion tharge% andlor by rep￿r c0515 ireal¢d revcnuc oycnditsre. Unrestricted funds The unrestricted futlds Co￿priS¢ th05¢ fund5 which th¢ ttust¢¢s at¢ to in accord￿lL¢ wiiIL the charitable objectives. 22. REIATED PARTY DISCLOSURES During the year. Ibe Barod Project g&v¢ a graut of £33,752 12024 - £3A9811 to Tyfu cOm￿u￿1ty Ent6ryriscs CIC. At balance sheet date. Tybj Cotnmunity Enrttpiises CIC ow¢d£53.04312024: £34.8451. A1 the balallc¢ sheet date, Salld5 C)Thru (Harm R¢ductioD) Ltd w¢r¢ owed £204.11012024.. £204.5001 and Maendy Hollbngs l.td oK¥ed £132,()9912D24.. £12i,507). 2J. LEGAL STATiiS OF THK C114RITABLE COMPANY Th¢ charity 15 a pr2vai¢ wmpanj limiied by guarw]l¢e, iTh¢vrporiied in England and Wa]es and cwsequenil) d0¢5 ]LOt have any shar¢ Gapilal. In thc cwcnt of thc con]polly bring wouud UP* th¢ mcmbrr5 of thc ¢vJtLFwny 8Jc rcqul￿d to contributc an aTllOUnt not exteeding £1. Page 30