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 F*nded 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¥l*ttte 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% E*en 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
defit*d 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 SL*uied. 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 ADf*IINtSTIL4TIVE 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¥pend*Jt 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 dctL*ting 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 $0111) IFRS 10?) 'AccountiAg and RewTting by Chatiues.. Staten]ent of R¢co]ntnended
PTr¢tire applicable to chaTiti¢b Prepar￿& their ￿¢0￿A¢S ill accordmL¢ wilh Ihe FiTranei2] Rcporting Standard applicabl¢ ID
the UK and RepiibliG ot Ireland lTr'R8 1021 (ellertive l January 2019),. FTDanLial Reporting Standard 102 The Fill£￿(1￿1
Reporting Standard applirable iti Il)e UK and Rtpublii ol Ireland, aDd the CothP￿¢S ALt 2(MJ6. 'Ihe fIllanci￿ 51atemtnts
h8v¥ b¢¥n piepared und¢r the historiLai cost conTrention.
The Gwup's functional ynd p￿sentatIonal currency is tht pound sterling {£), and balances roundcd to the n¢Jr¢#£l.
Basis of tonsolidation and tompsrgttves
The finanLial stal¢tnents consL)iidale th¢ r¢5uItE of thc charity and its wholly owncd suhsidiarics on a litie by lirte basis. No
separate %tatcm¢nl of I'inancial ActlTrLtiC5 (SOFA) has been prep￿d Ivi the Charithle Compafty as ptrn)itted bw Seclion
408 of the Companies Act 2006.
Income
A]1 incom¢ is rettsgni5td in Ihe Siattmeiit of Financial Activitie5 once the Ciroup has cnlitl¢menl (o Ihe fi]lld& il is probable
that thc incoFn¢ will be reccivcd ￿]d the amtsllnt cat) be measured ￿lIablY. Ii is derived from the aL*iVjIL¢S out11￿ed below.
Donations without tondiiions arc accounted for on a cash received basis. In the event a donalivn is subject to ¢ondiUOnS th
requirc a Icvcl of peTfomJaJ]ce Lrfore th¢ Group is eniiued to the funds, th¢ Jncome 15 deferred and not reCo￿ls¢d in full
either until those condilivns are fully rne¢ or thc fvlfjimcnl of thos¢ c(Trnditions is Ththolly within the ¢olltrol of tht charity and
it is probablc that tho* condilLons will b¢ fulfilled in the repN>rting P¢lLVd.
GrdLt incomc is Jctounted for on an a￿T￿￿$ 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 I*Lxe5
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>mp*Ly.
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