Company roglstratlon number 01809654 {England and Wal•sl
Charfty regSstratlon number $15211 (England and Wales)
PEOPLE AND WORK UNIT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

PEOPLE AND WORK UNIT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
P G Walkins
G J McHugh
J L Huylon
DJRees
C 8 Vallance
S C Davles
{Appointed 1 Septèrnber 2025}
Socretsry
S Lloyd-Jones
Charity number
515211
Company number
01809654
Reglstsrèd office
Community Room @ Loudoun
Plas lona
Bute Town
Cardrfr
CF10 SHW
Independent examiner
Dorrell Oliver Ltd
Linden House
Monk Street
Abergavenny
Monmoulhshire
NP7 5NF
Bank•r8
HSBC Bank plc
1 Brldge Street
Newport
South Wales
NP20 6UT

PEOPLE AND WORK UNIT
CONTENTS
Page
Trustees, report
Independent examiner'$ ￿pOrt
Slatament of financial activities
10
Balance sheet
11
Notes lo tho financial stslements
12-20

PEOPLE AND WORK UNIT
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
This has been an intergsling year. People and ￿￿rk is faung L*ange in a number of fundamental ways and 2025
saw the Trustees working on h¢)w we are to go forward. For 8 couple of years we havè been supporting a group of
employees lo develop their own, independent charity, Generation Rhondda Ihtt s.'Il eneraliDnrhondda.or
.ukl
,and
in 2025 il launched fully with all staff leaving our employment by September 2025. This has seen us both wind down
our current community based work and build a focus on developing a new F)rogramme of work. We are still working
in Rhondda, both in supporting Goneralion Rhondda and through our own PIAS programme Isee below) bul we are
busy leaming the lessons from our nearly 10 years tsf working wrth Rhondda eommunities and looking at how we
work elsewhere.
Our resèarch and evaluation work has continued lo provide valuable insights for both the public and voluntary
sectors. Vve see our role as bridging the gap between communities and knowledge generation through Ihe way we
draw on insights from our research work lo help shape the work we clo with communities.
In 2024 our communty programme lead retired and. b8cause we were preparing the group in Rhondda for
independence, we deliberately did not replace him. His role had been to be on the ground in the community,
guiding and mentoring the local team. ensuring that a programme of support for the community was delivered,
helping identify leadership capacity and eneouraging ideas al￿ change. He was mentor, manager and developer
and, because we have always earned income through our Tesearch and evaluatson work, we have been able lo
undèrpin the role financially.
Our Director, Sarah Lloyd-Jones. is stepping back and so we are also ItX)king 8t new ways to develop the ehanty
and cr&ate new work. We hope lo appoint a new organisational lead in 2026 to build our work going fthward. using
the learning of the last 41 years and the changing needs of communities lo shape a whole new programme.
However, our earned income has taken a hit in 2025 from the cutbacks in public funding and is unlikdy to recover in
2026 with the hiatus that wll occur with Welsh Government election5 and the formation of a new govemmenl. So,
we are unsure whether we will be able to recruit a new organisalional lead in 2026 or'tread w8ler' until we are in a
better posib'on financialty.
The finandal ststemenls have been prepared in accordance with the accounting policies set out in note 1 to the
finaneial statements and comply with the Charity's Mgmorandum and Articles of Association, the Companies Act
2006 and "Accounting and Reporting by Charities.. Stslemenl of Recommended Practice appli¢able lo charitieg
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102)" leffeclive 1 January 2019}.
Objectives and actlvltles
The charity's objects are the aclv8ncement of education by carrying OLrt 8ndlor assisting in carrying out research and
study into SOC4al and economic problems for the benefit of the general public.. additionally, lo prorT¥)le education in
011 matters related lo community organisalions.
People and Work seeks to make a drfference Ihrough fv40 tore functions..
lo promote the value of education and Igaming (for all age groups) as a 1091 for taekling inèqualities and
promoting employment. through a programme of community-based action research projects., an
lo undertake commissioned Tesearch and evaluation work lor the public and third sectors in Wale8
addressing inequalitles in areas such as educatlon Iform81 and irbformall, health and employment.
People and Work's self-generated action research work is funded through charitable trusts and funds.
Earn8d income comes from commissioned research and evaluation work done for the public and voluntary
sectors. Any surplus earned thro￿h the research and evaluation ¢onlracts goes into action research work
that aims lo build understanding of effeclNe ways lo tackle the causes and effects of povety, esp8cially in
relation lo education, health and employment outcomes.

PEOPLE AND WORK UNIT
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Achlgvgments and porfomian¢g
SignifiGanl actwities and achi8vem8nls against obpctives
Cenhedlagth Rhondda Generation
People an4 Work ¢onlinued lo support a group of Rhondda residents as thgy developecl a new charity, called
Generation Rhondda, focused on developing wellbeing across the Rhondda Vall8ys. The group bècame fully
independent of People and Worto in the Autumn of 2025 bul we continue lo maintain dose links though monthly
cross-team meetings ar¢d provision of evaluation and mentoring SUPPOrt. They have largely continued the Work thay
stsrted wlh People and Work and below we report on the work the team did before they left..
Employment support
Providing bespoke and groups SUPPDrt into employment. 1112 individuals were supported with no-crileria to access
support. pa￿'C1panlS reported increased confidence and job-readiness and tailored support helpèd worf(ers
Iransilioning after major redundanaes. Also started lo work in ￿h9O15 lo widen young people's aspirations and soft
Readlng Rhondda
A family based programme lo support caro givers to read wilh their childrèn. the project worked with schools In
Rhondda and an average of 70+ families attended weekly. The children show greater enjoyment of lit0￿cY and
improved behaviour and care givers improved confidence in supportin9 leaining and school engagement.
The projed made books accessible IhTough free books and communty library
boxes. There has been a successfjJl transition lo school-led delivery models for the long-temi.
Wlld Play
A development of Reading Rhondda that tskes learning outdoors with families enjoying and reading about r￿ure.
Rhondda Dlgldol
This work was about bridging Ihs digital gap for pep￿e vtho donl have the resources, confidenc& or knowledge lo
use digital tools. 11 s8eks to build confidence for emailing, online Services, and slaying safe online. The proyramme
has given out 170+ Free SIMS pre-loaded with data and 50+ devices have been loaned out lo reduced data povety.
Older adults have been supported lo reduce loneliness through irnproved communication. Coding dubs have
improved di9ilal confidence for teenagers and over 1175 individuals provided with bespoke support.
Communlty
Work has been done to strengthen local organisations through resource sharing, linkiThJ local peop￿, groups. and
services and helping community groups securo fun¢Jing and develop ideas. The group have 30+ partnerships and
contacts with 1 OOOh of Rhondda s¢hools. Links with politicians have helped highlight strudural issues. In addition an
average 01169 ¢hildren per week given free sports sessions

PEOPLE AND WORK UNIT
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2025
PIAS Lles
The key theme of PIAS Ues IS to encourage communty activism to tackle climate change., Support the heahh and
wellbeing of our communities through the provision of activities and the equipmentlclolhing needed to take part", and
then supporting volunteers In order for these groups lo be self-sufficient.
In the third year of the project Ilhere is NatlDnal Lottery Community Funding for this programme from Fèbraury 2023
20271, PIAS Llès used ils experiences ol the first years lo provide a wider foundation across Rhondda to
achievè thè aims and oblectives of the project.
The focus over the last year has been on building a strong foundation for the delivery and support of health and
wellbeing adivities in and around Rhondda. Thls has been done through our own events, events developed in
conjunction wth others and by using local practitioners to deliver sessions
all in a bid to ensure that delivery is
sustainabl8 and reflective of loeal capabilities. We éivfrrsified our provision as a result of focusing work on
'Wellbeing in Nature, and also through active consultation as a result of our Festival of Wellbeing in January 2025 as
well as continuing to deliver swrts and fitness activities.
Our delivery of pop-up shops ha8 become refined, and we now have a system in place which is established and
effective.
Key Hlghllghts
We havé eonlinued to tske donatSons of sports kit and equipment, divgrting over 1800 i18ms from landfill
over the last year
We have re-distributed over 2c￿0 items lo thosè in need, either lor free or al very low cost
We have increa$e¢J our engagement Imth adults by over 180 people
We have increased ¢JJr engagement with children by 385
Launch of Women in the Wld in April 2025
Launch of Sauna & Campfire events in July 2025
Established Swansea University and Manage Money Wales as regulai Pop-up locations
Supported organlsatlons with set-up, funding and delivery including: Friends of Tyla Ga￿, PDnlypridd
Foodbank. Ruby Katz CeramiGs, Mor a Sawna, Move loga & Decode Energy, Mind Over Mountain
Delivering an online provision each month
Goal Settlng for
Wellbeln
SLEEP
THE BENEFITS OF
SOCI&L CONNECTION

PEOPLE AND WORK UNIT
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
' V•1
W8 continued to us8 a 'pay as you feel, apprt)ach lo selling donated sports equipment (minimum donaion £2 per
ileml, which had great results and, as hoped for. some people gave more. while others gave less. We have 8lso
started uealing 'bundles' and advert15ing on Facebook in a bid to support local groups. schools and organisations
with u5efvl equipment bundled together e.g. f¢X)tballs. eones. training bibs & water bottle holders for £10, this has
Wgrked well so far. We have generalgd £3272 over the past year. ￿1th has been used for the ongoing support and
delivery of aclivi118S.
Health & Wellbelng Actlvltles
Throughoul Ihg year PIAS Lles has established a ¢ore delivery programme..
Monday running group {beginner51experieneed runners, Clydach Vale Athletics Track)
Tuesday walking group Ihyper-local, always in YnyshiilPorth, more than 4 miles}
Wednesday walklng group {locallons charrfJe weekly. distance varies from 3 -6 miles)
Happy Feet monthly Saturday walking gfOUP {locatlons change, minlmum of 8 miles)
Strength & B81ance classes (Tuesdays & Fridays resistance and training fr)r over 60s)

PEOPLE AND WORK UNIT
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
These activities consisl8nlly engage with over 80 people monthly, and the walking groups 8re run by 5 voluntèers.
Our provisior) for 2025 was devoloped with 180ining from the Festival of Wellbeing, community consullalion and
previous experience..
Imnler Wamier Cooking Classes
Wld Play & finy Trekkers - outdoor, nalure-ba8ed family sessions were developed in collaboration with
Camien from Reading Rhondda and then Generation Rhondda.
Teens Wild Play - over the Summor Holidays w8 collaborated with Pentre Legion and Treor¢hy Library lo
provide outdoor wellbeing sessions for teenagers.
Chess Club-Ihi$ Session Is now njn by those play Chess al Penlre Legion on Tues(lays.
S8asonal Wreath Making
Target Time
clay pigeon shooting activ'ty. The feedback from the 10 people which attended yw8S
fantaslic. and we will run this session again this year.
Women In the Wild {WTW) - this evolved from the Wild Play sessions, where Mums asked il they could
have a similar activity run for thèm, which directly linked in with our learning from Wellbeing in Nature.
Partiopanls expressed further interest in other, similar aclivits"es, and 'S8una & Campfire, and 'Relre8110
the Wild, were developed from this.

PEOPLE AND WORK UNIT
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Couch to 5km Challenge- a number of people requested support to improve their iunnin9 in a structured
way, and 15 new people signed up lo our Couch to 5km challenge In September alongside our regular
Monday runners. We will repeal this in 2026.
James Watts-Rees conlinued to provide swrts activities for up to 169 children per week. We partnered with
Natasha Owens 2nd Carmen Todd-Jones. both employed by People and Work, lo support delivery of Wld Play, Tiny
Trekkers and Women in the Vlfild. During this period of joint worf(ing we reached over 216 children. Carmen then
developed the concept of Wild Play into an independent enlily and now does a fanla$li¢ job of delivering forest
school adivits.es throughout Rhonck*a as part of Generation Rhondda.
Evaluation and Res•areh
People and Work seeks lo work with the community, public and voluntsry sectors lo provide evaluation and
research that can help lo improve lives. We focus on qualilalive wotk that meets with thè charity's overall objectives
and are committed to work that enable5 clients to develop Iheirwork to support people as effectively as possible.
In 2025 this included work on som8 major Welsh Govemment polici88, such as a recent evaluation of the Young
Person's Guarantee, an evaluation of the Autism Code of Practice and research into Child Development measures,
This work provides around half of our income and means we have usually been able lo cover the core and
evelopmenl costs of the charity ourselves. It also enhances our learning and how we can share this with
communities.
We have also conlinued the evalualion of the Invest Local programme run by Building Communities Twst -
and of Meddwl Ymlaen - a five year programme lo develop improved support
for mental health with young people in Gwynedd and Ynys Mon run by Barnardos. We have undertaken wort for
GISDA in Gwynedd lo support youn9 people into employment and completed an evaluation of Hawlio Heddwch, a
programme to ￿lebrate the centenary of a Welsh women's peace petltion for Academi Heddwch Cymru. We also
Completed an evaluation of the Swansea. Neath Port Ta1bot community advise network ISNPTCAN} and of
community development programme run by Trivallis HousingAssociatM.
A core grant from Global Charities Make Som8 Noise has enabled the research 18arn lo $p&nd Some timg exploring
effective models ofworking with community groups lo develop meaningful evaluations they can use.

PEOPLE AND WORK UNIT
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Flnanclal revlew
The results for People and Work are as shown in the Statement of Financial Activtties. The trustees have reviewed
the GhaTity'8 neèd for ￿serveS in line with guidanc8 issued by the Charity Commission. A policy has been
established whereby the unreslri￿ed funds not committed or invested in tangible fixed assets (free reserves) should
be between two and three months unrestricted expenditure. Al this level, the trustees feel they would be able lo
onlinue the Current activities of the charity in the èvent of a signtheant delay In funding. The policy is revlewed
annually against current commitments
ReseThes policy
A policy has been •slablished whereby the unreslricled funds nol committed or invested in tangible fixed assets
(free reserves) should be between and three months unrestricted 8XPgndilure. At this 18V81, th8 trusl88s fe
they would be able lo continue the current activities of the charity in the event of a signfficanl delay in funding. The
policy is reviewed annually against current commitments.
M8jorrisks
The Trustees have assessed the major rlsk8 to whlch the Charity is exposed, and are satisfied that systems are in
place lo mitigate exposure to the major risks.
structure. governancg and rnaTragement
The Charity is a company limited by guarantee and does not have any share capital.
The Trustee5, who are also the dirodots for the purpose of company law, and who served during the yeaf and up to
the dale of sign81u￿ of the financial statements were..
P G Walkins
G J McHugh
J L Huyton
DJRees
C B Vallance
S C Davies
Dr C Stsphocleous
{Appolnted 1 SepteM￿r 20251
(Resigned 7 October 20251
Recwilment 8nd 8ppointm&n¢ oftnJs¢eés
Unless othe￿ise determined by a General Meeting, the numbers of the member8 of the Goveming Body shall not
be fewer than six or more than thirty. The Governing Body shall from time to lime appoint a member d Ihg
Governing Body. either to fill a casual vacancy or by way of addition lo the Governing Body, provid8d that the
prescribed maximum is not thereby exceeded. Any member so ap￿'nled shall retain Iheir office until the next
Annual General Meéting, bul he or she shall then be eligible for r&election. None of the Iruslees has any beneficial
Interest in Ihe company. All of the trustees are membefs of the company and guarantee lo contribute £1 in the event
of a winding up.
O￿oniS81￿n￿l structure
Dr Duncan Holtom heads up the research t8am working with Rh¢xlri Bowen. senior researcher. and Emma Preece.
Natasha 8umell leads on the PIAS and PIAS Lles work.
Sarah Lloyd-Jon8S is the director and Company Secretary
Ann Churcher is the administrator.
Relationship wilh related p8rties
Thgrg arg no r8lated parties.

PEOPLE AND WORK UNIT
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Thfr Tru5te05' roPQrt Was approved by the Board ofTruslw.
G J McHugh
Trustee
3 June 2026

PEOPLE AND WORK UNIT
INDEPENDENT EXANIINER'S REPORT
TO THE TRUSTEES OF PEOPLE AND WORK UNIT
I report on the fmanrial statements of thè Charity for the year ended 31 December 2025, which are sel out on
pages 10 10 20.
Rgspectlve responslbllltles of Truste08 and examlner
The Charity's Trustees, who are also the directors of People and Work Unit for the purposes of company law. are
responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year
under section 144{2} of the Charities Act 2011 Ilhe 2011 Act) and that an independent examination is needed.
The charity's gross income exceeded £250,000 and l am qualified to undertake the examination being a qualified
member of the Inslilute of Chartered Accountants in England and Wales.
Having satisfied myself that the tharily is not subject lo audit under company law and is eligible for independent
examination, il is my respor)sibility to:
examine the financial slalements under section 145 of the 2011 Act.,
lill to follow the procedures laid down in the general Dire¢tions given by the Chanty Commission under sèction
14515llbl of the 2011 Act., and
lili) to siale whether particular mattgr$ hav& come to my attention.
Basb of independent examlnerfs report
Independont ox4min•rfs statement
In connection with my 6xaminalion, no matter has come lo my attention..
{al whith gives me reasonable cause lo believe that in any material respect the requlrèments..
lo keep accounting records in accordance with sectlon 386 of the Companies AGt 2006,. and
lill lo prepare financial slalement$ which accord wlh the accounting records, comply with the accounting
qu1￿mentS of secb'on 396 of the Comp£nies Act 2006 and with the methods and principles of the
Statement of Recommended Praetice: Accounting and Reporting by Charities",
havg not been mel or
Ibl lo which. in my opinion. attention should be drawn in order to enable a proper understanding of
finanual statements to be reached.
PELeaFCA
Dorrell Oliver Ltd
Chartered Accountant
Linden House
Monk Street
Abergavenny
Monmouthshire
NP7 SNF
Dated-. 3 June 2026

PEOPLE AND WORK UNIT
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNn
FOR THE YEAR ENDED 31 DECEMBER 2025
UnrestrScted Restrfctgd
fund8
funds
2025
2025
Total Unre5trictsd Restricted
funds
funds
2024
2024
Total
2025
2024
Note$
Income and endowments from..
Donations and legaci8S
Charitable activbtles
Investments
Other income
98,638
98,638
143.627
9,352
3.838
277,830
277,830
166,708
7,924
4,586
143,627
9,352
166,708
7,924
3,838
4.586
Totsl Income
152,979
102.476
255,455
174.632
282.416
457,048
Expenditure on-
Charitable activities
204,835
134.383
339,218
204.168
309.383
513,551
Totsl &xpendltur•
204,835
134,383
339,218
204.168
309,383
513,551
Nel gainslllossesl on
investments
12
128)
1281
74
74
Net expendlture and
movement in funds
151.884)
{31.9071
183.791)
129.4621
{26,96n
(56,429)
RÈ¢oneiliation of funds:
Fund balanco$ at 1 January
2025
171,298
84,333
255,631
200,760
111,300
312,060
Fund balanc•8 at 31
December 2025
119.414
52.426
171,840
171.298
84,333
255,631
The $lal8rnenl of financial aGlivitie$ inGlude$ all gains and lo$$es re￿9￿1$ed in the year. All inwme and gxpondilure
derive from eonlinuing 8clivilies.
10-

PEOPLE AND WORK UNIT
BALANCE SHEET
AS AT 31 DECEMBER 2025
2026
2024
Notès
Flxed assets
Investments
14
21,363
19,369
Curr•nt assets
Debtors
C8sh al bank and In hand
1S
25,031
135,701
43.429
205,305
160,732
248,734
Credltors: amounts falllng due wlthln
one year
16
{10,2551
(12,4721
Nel curr•nt assets
150.477
236,262
Totsl assets legs current Ilabllttlgs
171,840
255,631
Thefunds ofthe Charlty
Restricted income funds
Unfftslricted funds
18
52,426
119,414
84,333
171,298
171,840
255,631
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 December 2025.
The Trustees, acknowledge thèir respon3ibllilles for ensuring that the charity keeps a¢￿￿n￿n9 reeords which
comply wth section 386 of Ihe Ad and for preparing accounts which give a true and fair view of the slate of 8ffairs
the company as at the and of thè financial year and of its incoming resources and application of resources,
including its income and expenditure, for the financial year in accordance wlh the requirements of sections 394 and
395 and which otherwise comply wlh the requirements of the Companies Act 2006 relating lo accounts, so far as
applicable to the Company.
The members have not requiTed the Gompany to obtsin an audit of its finanThal statements for the year in question in
aGGordance ￿th section 476.
These financial ststements have been prepared in accordancg with the provlsions applicable to ccfflpanies subject
to the small LL)mpanies regime.
The financial ststements were approved by the Trustees on
June 20
GJMCH
Trustee
11

PEOPLE AND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
Charlty Infomiatlon
People and Work Unil is a private company limf(ed by guarantee incorporaed in England and Wales. The
registered office is Community Room @ Loudoun. Plas lona, Bule Town, Cardiff, CF10 5HW.
1.1 Accountlng conventlon
The financial stslemenls have b@8n prèpared in accordance wlth the Charills governing document, the
Cornpanies Act 2006, FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic ol
Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Re¢ommended
Pracli¢g applicable to charities preparing their accounts In accordance with the Financial Reporting Stsndard
applicable in the UK and Republ￿ of Ireland IFRS 102). The Charity is a Public Benefit Entity as defined by
FRS102
The Charity has taken advantage of the provi5ion5 in th8 SORP for charities not to prepare a statement of
ash flows.
The financial statements are propared in sterling. vthich is the fvnctional currency of the Charity. Monetsry
amounts in these fin8nci31 ststements are round8d to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Golng concem
Al the lime of approving the financial slalementS, the Trustees have a reasonable expectation that the Charity
has adequate resources lo continue in operalDnal existence for the foreseeable fuluie. Thus the Ttuslees
continue lo adopt the going concem b8sls ol accounting In preparlng the )Inandal statements.
1.3 Charitable funds
Unrestricted funds are available lor use at the discretion of the Trustees in furtherance of their charitable
objectives.
Rèstricted funds are subject lo Specif￿ conditions by donors or grantors as 1¢ how they may be used. The
purposes and uses of the restricted funds are sel out In the notes lo the financial slatemenls.
1.4 Incomlng resources
Income is recognised when the Charity is legally enlilled to il after 8ny perfornian￿ conditions have been
mel, the amounts can be measured reliably, and il is probable that income will be received.
1.5 Resourcès expondod
Direct charitable expenditure includes all expenditure diredy related to the objects of the charity-
Costs have been apportioned as a percentage of project wsls in line with the grant conditions. saaries have
been apportioned on a lime baws.
1.6 Tanglble fixed a$sets
Tangible fixed assets are initially measured al ￿st and subsequenlly mea84Jred al cost or valuallon. net ol
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr
u$eful lives on the following bases..
Plant and equiprnent
2S% Straight line
12-

PEOPLE AND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting pollcles
{Contlnuedl
1.7 Fixèd assèt invèstmènts
Fixed asset investments are initially measured at transa¢tion pr￿e excluding transaction costs, and are
subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in nèt
incomellexpenditurel for the year. Transaction costs are eX￿nSed 8s incurred.
1.8 Cash and cash èqulvalents
Cash and CAsh equivalents include cash in hand, deposits hekl at call wth banks, other short-term liquid
IllV8Stments with original maturities of thrae months ¢y less.
1.9 Flnanclal Instruments
The Charity has elected lo apply Ihg provisions of seCt￿n 11 '8asic Finanaal Instruments, and S¢ction 12
'other Financial Instruments Issues. of FRS 102 to all of rts financial instruments.
Financi81 Instfumenls are recognised in the Charlty'8 balance Sheet when the Charity becomes paty lo the
contractual provlslons of the instrument.
Financial assets and lia1￿litieS are offset, wlh the net amounts presented in the financial statements, when
there is a legally enforeeable right to set off the recognised amounts and there is an intention to settle on
nel basis or lo realise the asset and settle the Ilability 8imullaneously.
Baslc fina￿1￿14$5•ts
Basic financial assets, which include debtor8 and cash and bank balances, are inillally measured at
tran$art￿n price . Financial assets classified as receivable wthin one year are not amortised.
Basic financlal Ilabllltl•s
Basic financial liabilili&s, induding creditors are reeognised at tra￿#¢t10Th price. Financial liabilities classified
as payable within one year are not amortised.
Trade ￿editorS arg obligations lo pay for goods or services that have been acquired in the ordinary course of
operations fr¢m Suppliers. Amounts payable are classified 8s current liabilities if payment is due within one
year or less.
Derncognltlon of financial liabfflities
Financial liabllilie$ are derecognised when the Charity's conlraclual cbligations expir8 Qr arg discharggd or
ncelled.
1.10 Employee benetits
Th8 Cost of any unused holiday &nbllement is recognised in the period in whieh the employeè'5 Services are
received.
Temilnation beneffts are recognised immediately as an 8xwnse when the Charity is d8monslrably committed
to t8rminate ihe employment of an employee or lo provide temination beneffts.
1.11 Retlrement bènefits
Payments to defined wnlribulion retirement benefit schemes are charged 88 an expense as Ihey fall due.
13-

PEOPLEAND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Crltical accountlng estlmates and ludgem¢nt5
In the application of the Charitys accounting pollcies. the Trustees are required to make judgements,
eslirnates and assumptions about the Garrying amount of assets and liabilities that are not readily apparent
from olh&r sourc8s. Th8 851imales and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underfying assumptions ére revlewed on an ongoing basis. Revislons to acc¢unting
eslirnales are recognised in Ihe period in which the estimate is revised whère the revision affects cnly that
period. or in the period of the revision and lulure perths where the revision affects both current and future
P8riods.
Grant Income
2026
2024
Grants receivable
98,638
277,830
Grants recelvable for core actlvltSe5
The Rank Foundation
Interlink
Pen y Cymoedd
Shared Prosper Fund
Global Charities
Spectrum
National Lottery Community Fund
Moondance Foundation
WalerloD Foundation
26,580
2,000
58.306
39,861
31,277
500
78,299
35,000
8,007
Seo
29,583
8,000
60.495
98,638
277,830
Charltablg actlvititss
2026
2924
Research income
143.627
166,708
14-

PEOPLE AND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Ineome from Investments
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Interest r8c8ivabl8
9,352
7,924
Expenditure on charitsble activities
Funded Research
Actlon
and
Research Evaluatlon
2025
2025
Total
Funded Research
Actlon
and
Research Evaluation
2024
2024
Totsi
2025
2024
Direct costs
Stsff co8ls
Research
Project costs
Actlvity and tr8ining
Printing, ststionery atKI
advertising
Telephone
96,824
149,851
12,413
246.475
12,413
26,037
263,640
154,438
18,105
418,078
16,105
27,798
2,183
26.037
636
27.798
148
2.183
37
1,128
5,582
30
2,109
3,780
t,435
37
1,828
8,176
30
3,068
7,805
4,045
1.068
1.183
3,816
126
1.055
4,500
6,116
1.040
916
3,729
597
1.428
4.188
1.875
2,106
2,099
7,$45
723
2,481
8,686
7,791
700
2.594
Sundrle8
Insurance
Rent
Travel expènses
Interpreters and
translator8
Equipment
Books and subs
Administratie¢s
959
3,825
2,610
11,876
1,873
4,021
6,036
11,876
2,271
4,021
6,036
4.293
194
4.223
5.914
4,293
277
4,223
5,914
398
83
134,383
200,319
334,702
309,383
200,919
510,302
Share of support and governance costs Isoe note 8)
Support
2,082
Govemance
2.434
2,082
2,434
816
2,433
816
2.433
134,383
204,835
339,218
309,383
204,168
513,551
Analysls by fund
Unréstricted fiJnds
Restricted fur¢ds
204,835
204.835
134.383
204,168
204,168
309,383
134,383
3rig,383
134,383
204,835
339,218
309,383
204,168
513,551
15-

PEOPLEAND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Dgscrlptlon of charltsble activities
Funded Aelign Research - Supporting people in education and skills programmes.
Commissioned Research and Evaluation- Evaluating and researching as commissioned.
Support costs allocated to actl¥itio8
2025
2024
2.082
2.434
816
2,433
Governance costs
4.516
3,249
Analy$e(I between:
Research and Evaluation
4,516
3,249
Net movoment In funds
2025
2024
The net movement in funds is stated after eharginglleredfting)..
Fee5 payable for the independent examlnalion of the charity's financial
statements
2.434
2,433
10 Trusteès
None of the Trustees (or any persons connected with them) received any remuneration or benefits frryn the
Charity during the year.
18-

PEOPLE AND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11 Employaes
Number of employees
Th8 averag• monthly number of employees during the year was..
2025
Number
2024
Number
Project
Research
11
15
Employment costs
2025
2024
Wages and salaries
Soual security costs
Other pension costs
207,729
13,260
25,486
349,465
28.679
39,934
246,475
418,078
The￿ were no ￿M￿0Ye0S whose annual remuneration was £60,000 or more.
12 Net gainslllossesl on Investmonts
Unrestrieted Unrestrlcted
funds
funds
2025
2024
Revaluation of investments
1281
74
13 Taxatlon
The charity is exempt from taxation on ils activities because all ils income is 8pplied for charitable wrposes.
17-

PEOPLE AND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2025
14 Fixed a¥$•t Inv•8tments
Listed
Investments
Cost or valuatlon
At 1 January 2025 & 31 December 2025
19.389
Carrying amount
Al 31 D￿ember2D25
19,369
At 31 December 2024
19,369
15 Debto
2025
2024
Amounts falllng du• wlthln on• y•ar:
Trade debtors
25,031
43,429
16 Credltors: amounts falllng due wlthln one y￿r
2025
2024
Accruals and deferred income
10,255
12,472
17 Ret1￿ment benefft schemes
2025
2024
Defined contribution s¢heme$
Charge lo profil or los$ in respect of defined Contribution schemes
25,466
39,934
The Charity OFerates a defined contribution pension scheme for all qualifying employee$. The assets of t
seheme are held separately from Ihos& of the Charity in an ind8p8ndenlly administered fund.
18-

PEOPLE AND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2025
18 Rostrieted funds
The restrfcled funds of the ch8rty comprise of a build up of fvnds from various re$ear¢h and development
projects th81 have been undertak6n ovef the last few years and is lo be used on fvrther research projects.
Movem9nt In fund$
Incomlng
Ro8ourc89
Balance at
re8ourc88
8xpondod1 January 2026
Movèment in fund$
Incomlng
Resourc88
Balance at
resource¥
expended 31 Decomber
8alance at
1 January 2024
2026
Project funds
111,300
282,416
1309,383)
84,333
102,476
1134,383)
52,426
19 Unr9Strktgd funds
The unrestricted fvnds ol the charty comprise the unexpended balances of tjonalions and grants whi(* are
noi subject to specific conditions by donors and grantors as lo how they may be used. Thèse indude
designated funds which have been set aside out of unreslricled funds by tho trustee$ for specific purposes.
At 1 January
2025
Incomlng Resources
resources
expended
Galns and
Iosg&5
At31
Decèmber
2026
General fvnds
171.298
152.979
1204,8351
1281
119,414
Prnvlous year:
At 1 January
2024
Incomlng Resourc•$
resources
expended
Galns and
Ios80S
At31
D•cember
2024
General fu￿lS
200,760
174,632
1204,168)
74
171,298
20 Analysis of net assets betwaen fund$
Unrestrl¢lgd
funds
2025
R•strictèd
funds
2026
Totsl
2026
At 31 December 2025:
Investments
Current assetsl{liabilities)
21,363
31,063
21,363
150,477
119,414
119,414
52,426
171,840
19.

PEOPLE AND WORK UNIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20 Anatysi8 of not assèts between funds
{Contlnu•dl
Unrestrl¢ted
funds
2024
Rostricted
funds
2024
Totsl
2024
At 31 December 2024:
Investments
Current as5ets1lliabilitiesl
I9,￿9
1 $1,929
19.369
236.262
84.333
171,298
84,333
255.631
21 Remuneration of key management p?rsonn&l
The remuneration of key management personnel was as follows..
2025
2024
Aggregate remuneration
18,792
24,Cfj4
-20-