Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 Charity registration number 517391 Company registration number 1998621 (England and Wales) DISABILITY WALESIANABLEDD CYMRU ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU CONTENTS Page Chair, CEO and Treasurer Statement Trustees, report 4-12 Independent examinerfs report 13 Statement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes to the financial statements 17-33 Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU CHAIR, CEO AND TREASURER STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Chair's Report During the last year we have been crits.cal in raising the perspective of disabled people by highlighting the effects of the cost of living crisis through our reF)Ort Barely Surviving - the impact of the Cost of Living Crisis and by our work alongside Disability Rights UK, Inclusion Scotland and Disability Action Northern Ireland contributing as Core Participants in Module 2B of the Covid Enquiry - giving us the platform to highlight the devastating impact of the response to the Covid pandemic on the lives of disabled people. DW and its members played an active role in the Disability Rights Taskforce and its Working Group4 contributing to the development of recommendations on a wde range of issues including Health and Well-being, Accessible and Affordable Housing and Access to Justice, aimed at informing and influencing future policy. We continued to promote the Social Model of Disabilty - both through direct provision of training to Welsh Government and to organisations, induding those in the third and educational sectors and through media coverage. We responded to topical issues as they arose through the year from transport to access to health sewices. Our annual conference focussed on the representation of disabled people in the media and was again delivered successfully on a hybrid basis. We also held a summit to bring together some of our member DPOS. with an emphasis on those based in North Wales, with CVCS and potential funders to discuss the challenges facing our sector. This successful event will provide valuable input to our strategic planning discussions, which wll be taking place over the coming months. With thanks to my fellow Directors for their commitment and valuable contribution to the Board as well as to our wonderful staff team for their passion and dedication to progressing the rights and equality of disabled people. All our people, both paid and unpaid, demonstrate an enomious level of personal and professional commitment to keeping a wide range of issues in the public eye. Our report highlights how a very small team of people delivers a huge volume of high quality work that underpins our significant success. Willow CE Holloway Chair Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU CHAIR, CEO AND TREASURER STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Chief Executive's Report During another challenging year for disabled people where the cost-of-living crisis added to the long-term impact of austerity, and the pandemic in exacerbating poverty and inequality, DW continued to pursue our aim of influencing policy and decision makers at all levels on behalf of members. These included utilising some high-profile opportunities to call policy makers to account such as the review of UK Government implementation of the Convention of the Rights of Disabled People at the UN in Geneva, as well as at the Covi&19 Inquiry Hearings in Cardiff. Moreover, our influential report into the impact of the cost-of-living Crisis Barply SuThwing, which drew on members experiences, was presented to Welsh Government ministers and Senedd Members at meetings and briefing events and helped infomi policy and budgetary discussions. Despite the challenging context, we continued to actively contribute towards Dws aim to develop and support the work of Disabled People's Organisations (DPOS). This induded provision of vital information to support members during the cost-of-living crisis via new website pages, social media activity and our monthly e-news. We brought members together with media organisations through successful delivery of our popular hybrid annual conference Challenging Stereotypes, Changing Society." Disabled People and the Media Furthermore, we arranged our first in- person event in North Wales since the pandemic the DPO North Wales Summit. It provided a memorable opportunity to showcase the valuable work of local DPOS to funding bodies and discuss their needs capacity building. Our strategic objective of designing and delivering training and development programmes for members was met through a series of 5 online events on the Social Model of Disability, which reached 213 participants. Moreover, the final year of the Equal Power Equal vol￿ Mentoring Programme, run in partnership with Women's Equalily Network Wales, EYST and Stonewall Cymru, recruited a record 38 disabled people to participate in a transfomiative programme of events, visits and mentoring opportunities aimed at achieving greater diversity in public life. Our exciting work with the National Trust, involved training for 52 volunteers from DPOS in providing feedback on access and inclusion at 10 historic properties around Wales from Plas Newydd in Ynys Mon to Dyffryn Gardens in the Vale. My thanks and appreciation as ever for the support. dedication and hard work of Dws Directors and Staff. Rhian Davies Chief Executive Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU CHAIR, CEO AND TREASURER STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Treasurer's Report The current times are undoubtedly some of the most challenging the third sector have ever faced, with rising costs, shortage of funds available to the sector and highly competitive bidding processes. While DW is not insulated from these pressures, our historical reserves are proving to be an invaluable resource in maintaining our commitment to influencing policy to ensure the rights of disabled people are recognised and upheld. We are fortunate in having the resources available to reposition our organisation and develop new strategies to continue our work in the face of the rising challenges. INe are looking fO￿ard to our strategic plaming process which will be taking place over the coming months. As Treasurer I would like to thank fellow trustees, the Chief Executive and Staff Team who have worked to ensure that, as a charity, we operate to the highest standards to deliver our aims and objectives for our members. Kelvin Jones Treasurer Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities p￿parIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Objectives and activities The purposes of the charity, as set out in its goveming document, are to assist the relief of all disabled people in Wales. The main activities undertaken in relation to those purposes are noted throughout the report. Vision Disability WaleslAnabledd Cymru (DW) is the national association of disabled people's organisations in Wales striving to achieve the rights and equality of all disabled peoFIe. Mission Our core role is to represent the views and priorities of members to govemment wth the aim of irfoming and influencing policy. Public benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. Our achievements towards these aims are set out in this report. Strategic Aims and Objectives Strategic Aim l.. To influence policy and decision makers at all levels, through acting as an effective advocate for the views, priorities and interests of our members Objectives.. To represent the interests of disabled people in VkÈles to Welsh Govemment and other decision makers To secure rights, equality and independent living in order to improve the well-being of disabled people Strategic Aim 2: To develop and support the work of organisations managed and controlled by disabled people Objectives.. To provide infomation, advice and support to member organisations To design and deliver training and development programmes for member groups Strategic Aim 3.. To lead and develop an effective, sustainatle organisation and ensure sound and robust govemance Objectives.. To lead and manage an effective and efficient organisation for the benefit of disabled people To ensure sound and robust governance of the organisation To innovate, develop and deliver a range of income generating serVI￿S that benefit disabled people Dw's Values The Social Model of Disability Equality, Diversity and Human Rights An Inclusive Society Self-determination Beacon of best practice Committed to achieving quality Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Outcomes, Achievements and Perfomiance Key Achievements Cost-of-Living Survey and Focus Group events leading to publication of Report launch Barely s￿￿1ving.. The Impacl of the Cost-of-Living Crisis on Disabled People in Wales - Disability Wales Representation and Consultation on a wide range of policy issues Extensive media coverage on radio and television, DW featuredlcontributed to several high-profile stories Promotion of Social Model of Disability induding development of a toolkit Core Participation in Covid-19 Inquiry Module 2b (Vwdles) Participation in Disability Rights Taskfor Partnership role in delivery of Equal Power Equal Voice Mentoring Programme Annual Conference and a DPO Summit Representation at UN Geneva for review of UK Government implementation of UNCRDP Outcomes and Activities Cost of Living - Barely Surviving.. The Impact of the Cost-of-Living Crisis on Disabled People in Wales The cost-of-living crisis has continued to be a key focus for our efforts due to the disproportionate effect on disabled people. During the year we have collated evidence, induding from suNeys and focus groups involving disabled people, and published a comprehensive report Barely SuNiving.- The Impact of the Cost-of-Living Ciisis on Disabled People in Wales. The report highlights the key areas of concern over the rising and disproportionate cost of housing, heating and other household bills along with transport and other costs. The impact on disabled people's lives is made dear including the difficult chol￿S people are having to make to live their daily lives which impact their physical and mental wellbeing, and the struggles they fa￿ to find and access the available support. The key recommendations of the report are for UK and Welsh govemments to put their Disability Rights Action Plan into effect as soon as possible and to indude ideas from the UN Convention on the Rights of Disabled People, in addilion to providing financial and training support for Disabled People's Organisations across Wales. This will allow disabled people to work together wth govemment to change the way that benefits work. Barely Surviving has already proved to be having a significant impact, a delivery event at the Senedd led to briefing discussions with three Ministers and six Senedd Members and the findings from the report have been used to inform Senedd Committees. Consultations and representation As part of our work to represent the interests of disabled people in Wales. DW engaged in consultstions and representation during the year which included.. Consultation One ne￿ork, one timetable, one ticket.. planning buses as a public Servi￿ for Wales. Disabled Children's Access to Education and Childcare written and oral evidence was provided informed by engagement with disabled children, parents and school visits via Rights Here Rights Now UNCRDP Curriculum Project. Diversity in Local Govemment Office Fund. The Elections and Elected Bodies (Wales) Bill - written and oral eviden￿ infomied by data gathered via the Access to Elected Office Fund. Workplace Capability Assessments: Activities and Descriptors testimony of members. Special Inquiry into the Implementation of the United Nations Convention on the Rights of Disabled People- Written submission and oral eviden￿ to the UN Committee on the Rights of Disabled People. oral eviden￿ infomied by data gathered via the Access to Elected Written submission informed by Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Representation: Disabilily Rights Taskforce.. Including Chair of Independent Living.. Social Care Working Group Secretariat of Cross Party Group on Disability National Care Service Expert Advisory Group Human Rights Advisory Group- Legislative Options Working Group Third Sector Partnership Council Disability Equality Forum Mainstreaming Equality and a Just Transition to Net Zero Evidence Panel National Advice Networf( Wales Fuel Poverty Advisory Group Benefits for disabled people working group Access to Work Stakeholders Forum National Care Service Expert Advisory Group Continuing Healthcare and Direct Payments working group Independent Users Trust Digital Inclusion and Skills Programme Board Pavement Parking Taskforce Evidence to Senedd Committees". Education, Children and Young People Committee and Local Govemment and Housing Committee Commonwealth Roundtable on Advancing the Rights of Persons with Disabilities.. presentation on Rights Here Rights Now project re UNCRDP in the Curriculum Meeting with Deputy Minister for Soaal Services to discuss cOn￿mS re proposals to increase maximum weekly Charges Mainstream Media and Social Media Coverage DW has built on it its already very positive media profile which includes. Staff engaging in radio and tv presentations and interviews in toth English and Welsh Regular blog posts Social media highlights videos Twitter stories and comments Monthly newsletter Regular updates to our website Particularly successful stories induded: Coverage of our Core Participation in Covi¢&19 Inquiry #Talk Disability Media coverage on BBC Wales, DW featuredlcontributed to several higlFprofile stories including on employment issues and shortage of PAS Mainstream Media coverage re lack of accessible housing for young disabled people (BBC Wales Live, Good Morning Wales) Over 400 You Tube views of live streamed Annual Conference Disability News Service Article about Annual Conference wth widespread Circulation on social media Participation in S4C Programme 'Pa￿￿ a'i Farn. debating disability issues Interview for ITV Wales re Impact of Christmas on disabled people Media coverage re Consultation on increasing maximum social care charge Promotion of Social Model of Disability Promotion of the Social Model, increasing understanding and incorporation of its concepts within society is fundamental to the achievement of our strategic aims. We have continued our work through.. Representation on Social Model Working Group Development of Dws Social Model Factsheet and Toolkit Disability Equality and Social Model Training provided to third paty organisations. Social Model Training for Disability Rights Taskfor¢e'. continued delivery of training to all members. Core Participation in Covid-19 Inquiry Participation in Ihe Covid-19 Wales Public Hearings (Module 2b) in February 2024 resulted in widespread media coverage. Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Building on the cfrproduced 2021 report Locked-out.. Liberating disabled people's lives and rights in Wales beyond Covid-19 DW represented the interests and concems of Disabled People's Organisations regarding the devastating impact of Covid-19 on disabled people in Wdles induding= Loss of social care support and rights to assessment Lack of access to food and other essentials Fear and anxiety about blanket application of'Do not attempt resuscitation, notices Restricled access to healthcare and support with lon*temi conditions Most shocking of all was the very high deathrate from Covid-19 among disabled people in Wales comprising almost 7 out of 10 dealhs, compared to almost 6 out of 10 across the UK. Working alongside Disability Rights UK, DW highlighted the °mass death and real Sufferin￿ experienced by Disabled people in Wales during the pandemic and said that despite the Welsh Govemment's awareness of the risks, it failed to property plan frjr the crisis ￿SUlting in." -lack of access to food and essential reSoU￿s, collapse of health, care and independent Iwing servI￿s. and the suspension of Disabled people's rights.. itten witness statements were submitted in relation to- Module 1 Resilience and Preparedness Module 2 Core UK Decision Making and Preparedness Module 2 b Wales Module 3 Impact of Covid-19 on Healthcare Systems in the four nations of the UK Module 4 Vaccines and Therapeutics Equal Power Equal Voice Mentoring Programme Equal Power Equal Voice (EPEV) is a partnership beiween Vlomen's Equality Ne￿Ork (WEN) Wales, sto￿waI1 Cymru, Disability Wales, and Ethnic Minorities & Youth Support Team (EYSTI Wales. Launched in 2021, it is a mentoring programme aiming to increase diversity of representation in public and political life in Wales. funded by the National Lottery Community Fund and Welsh Government. Events Annual Conference For the second year running DW were able to run a highly SUC￿$$￿1 annual conference and AGM as a hybrid event the in-person event was held at Glamorgan County Cricket Club and the whole proceedings were streamed on-line allowng access to people from across Wales and beyond. Themed 'Challenging Stereotypes, Changing Society.. Disabled People and the Media" and v4ith contributions from the Minister for Social Justice and the Deputy Minister for the Arts, Sports and Tourism as well as S4C, BBC, ITV, NUJ and prominentdisabled figures, it was a day of interesting presentations and lively debate. Disabled People's Organisations North Wales Summit DW also held a summit in Llandudno. again as a hybrid event. to focus on specific issues facing our DPOS in the northern part of the country. The event was well supported by CVCS and potential funders including Lloyds Foundation and the National Lottery Community Fund. UNCRDP On 18 March 2024 the UK Govemment provided their oral defence to the United Nations Committee for the Rights of Disabled People. regarding the UK's'grave and systemic. violations of the UNCRDP. The UK rapporteurs, who sit on the UN Committee for the Rights of Disabled People, accurately represented the systemic barriers and discrimination that Disabled people are facing. They consistently expressed that evidence shows violations of the UNCRDP, including a regression of Disabled people's rights. Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Despite detailed and thoughtful questions by the rapporteurs and committee memberslcommissioners, the UK Government's response lacked any substantive answers - mosdy repeating what was already outlined in their introductory oral evidence. DW was present at the hearing and summed up their response: °Disabled people deseNe true accountability from their Govemments and answers to the buming questions posed yesterday together with robust actions to address the hanns inflicted as well as progress our rights." Training and Consultancy- DW continued to provide training on the Social Model to officials working with the Disability Rights Task Force. We carried out a programme of site visits with the National Twst which gave members of DPOS the opportunity to showcase the benefit of lived experience by giving detailed feedback on the accessibility of a wide selection of National Trust sites across Wales. DW were also involved in the Catalyst Cymru= Broadening Horizons programme facilitating a range of taster sessions with historical, cultural and environmental organisations in Wales. We also continued our provision of training both onvline and in person on disability equality and the social model to a diverse range of educational, third sector and ￿MmerCiaL entities. Financial review DW again received an award of £150,000 in relation to the Equality and Indusion Grant 202>2024. When our initial budget and programme of activities were agreed by the Board at the start of the financial year it was hoped that funding in relation to additional objectives would be forthcoming from Welsh Govemment as had happened in previous years. The Board took the decision to invest a portion of Dws free reserves in this prcgramme of activities as the work is vital to achieving our aims and could not be covered within the initial aKgrd. Due to financial constraints no additional funding proved to be available from Welsh Government- as a result the Board has devoted time lo look at the scenarios and options available to DW to Se￿re its future and enable work to continue to advan￿ our aims. Expenditure A review of expenditure has been carried out and will be updated on an ongoing basis, savings identified and actioned already include.. reduced rental payments. use of available audit exemptions to reduce audit and accountancy fees, reversion to on-line meetings rather than fa￿ to fa￿, unless specific funding can be secured to run events such as our annual conferen￿, and reduced staffing costs as vacant roles have been consolidated. The move to online engagement activities has continued to feature fimily in Dws ongoing activities which has continued to save costs associated with meetings and events in a physical space. In December 2023 we left our office base at Brydon House in Caerphilly, and now share office space at Spark in Cardiff. The Spark building is home to a community of university academics and professional setvices staff, working alongside Spark community members and tenants from the public, private and third sectors, all working to make great ideas a reality and giving opportunities for ￿e￿orkIng and collaboration. Working remotely cut costs such as printing, stationery and postage as well as travel and subsistence, however, increased costs for equipment such as laptops and office chairs. A working from home allowance is paid to staff. Staffing Two members of stsff left during the year. As certain projects were conduding at the same time, existing staff had capacity to take on additional work and the staff members were not replaced. Fundraising and Income Generation Diversification of funding sources has long been identified as key to a sustainable future for DW. The Board recognises the challenges of raising funds in a competitive environment, and the need to identify owortunities where the available funding aligns closely with our own aims. Relationships are being developed with a range of funders we have not engaged with previously and a funding strategy induding new approaches to fundraising, donations, training and consultancy income is being developed. Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 In addition. we are continuing to develop and build on our previous experience of partnership working and are pursuing a number of collaborative projects. Reserves policy Disability Vwdles needs reserves to: Meet contractual liabilities should the organisation ever need to undergo a significant structural re organisation. This indudes redundancy pay, amount due to creditors and commitments under leases. Meet unexpected costs such as.. staff cover, for example illness, matemity leave, parental leave and legal costs defending the charity's interest. Replace resources as they wear out or become obsolete. Provide working capital when funding is paid in arrears which would place DW in a position to bid for funding. Fund specific projects and activities agreed by the Board and not met by other sources of income. The Directors have reviewed the Charity's needs for reserves in line wth the guidance issued by the Charity Commission. The amount needed to fvlfil OLrtstanding ￿ntraCtS or monies that can only be used for tIE intention stated by the funder have been set aside in a restricted rese￿e. The calculation of the required amount of reserves is an integral part of Dws planning, budgeting and forecasting cycle. It takes into account.. The risks assessments with each stream of income and expenditure being different from that budgeted. The planned activity level and future developments. The organisation's contractual commitments e.g., staffing. rent. etc. The charity recorded an overall deficit for the year of £181,063 (2023= surplus £34,229) split be￿een an unrestricted deficit of £96,285 (2023.. surplus £13,885) and a restricted deficit of £84,778 12023= surplus of £20,344). The restricted deficit relates to the expenditure of funds that were recognised as income in the prior year, or that are due to be claimed from funders in the following year. At the year end the reserves totalled £391,045 (2023: £572,108) which consists of unrestricted reserves of £365,620 {2023.' £461,905) and restricted reseNes of £25,425 (2023= £110,203). The free reserves {not including designated funds) of the charity totalled £154.620 (2023.. £236.775). Unrestricted funds induding general and designated funds were £365,620 {2023= £461,905} as the target level set by the trustees includes the designation of the various funds. As the shortfall in Welsh Govemment funding became dear the Board took the decision to invest surplus free reserves in continuing the vital work of DW in such key areas as participation in the Covid enquiry and production of the Barely Surviving report. Given the challenging, competitive funding environment in which DW is currently operating the dir￿torS consider that the target level of free reserves should indude >6 months of core and delivery costs plus a designation for reorganisation, the current reserves exceed this target and the Board are prepared to invest any surplus over the target level in developing a more sustainable, independent funding base for the organisation. Designated funds have also been reviewed and rationalised in order to provide., Bursary- £1,000 as a bursary to aid individual members to attend events in person. Sustainable Base- £140,000 as a contingency to continue vital core work, induding acting as a base from which to develop new funded projects, until new core funding can be secured. Reorganisation - £70,000 towards the costs of potential future reorganisation. Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Risk Management The Directors carry out an annual review of the principal risks faced by the organisation, a risk register is maintained and procedures put in place where appropriate to mitigate the identified risks. Principal risks are considered at each Board meeting. The principal risk facing DW is the reduction in funding and the reliance on funding from a single source, the Directors are continuing to invest in efforts to find and develop new sources of income while constantly monitoring costs. Plans for future periods Disability Wales will continue to work with members, key partners, ftjnding partners and Welsh Govemment in delivering the aims and objectives of the organisation as well as addressing the implications of the pandemic. DW wll meet with relevant agencieslorganisations to discuss fvnding strategies and business development. The organisation will continue devdoping and implementing a diverse funding strategy. Priorities wll be agreed for how income is generated in the short. medium and long-term with targets set and resources allocated accordingly. The organisation will build on its success to date in generating income through project grants and contracts achieved by staff with relevant expertise. Continue lo explore potential partners for project fvnding. Continue to explore ideas for a project with stakeholders and consider a potential bid to the National Lottery Community Fund and discuss what support may be available. Proceed with plans for discussions with members and meeting V￿th other stakeholders to generate more ideas for potential partnerships. Set up further meetings with WG Divisions. and to undertake training in competitive tendering. A slralegic planning prO￿sS will invclve Directors and staff. Structure, governance and management The organisation is a charitable company limited by guarantee and as such is govemed by a Memorandum and Articles of Association. The company was incorporated on 11 March 1986 and registered as a charity on 20 March 1986. Each member of the Board has agreed to guarantee the company's debts for the amount of £1 each. The organisation is govemed by a Board of Directors made up of both elected and appointed Directors. The term of office for elected Directors is three years (subject to any requirement regarding annual rotation of Board members) and appointed Directors up to three years. Trustees are appointed annually at the Annual General Meeting where the board of directors can apFX)int a trustee. Casual vacancies are filled by the Board and ratified at the next Annual General Meeting. New Directors are provided with information packs about the organisation and their responsibilities and induction training is arranged. Directors are responsible for developing the organisations policy and work., managing the organisation including its money and people., and seNing the best interests of the organisation at all times. DW aligns remuneration to local govemment NJC Scales and uses this to set pay, wthin the parameters of available funding. As an additional benchmark it reviews salanes offered for similar roles and levels of responsibility in other third sector organisations to help assess appropriate remuneration. 10- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Reference and administrative details Company number 1998621 Charity number 517391 Registered office Disability IAkdleslAnabledd Cymru Spark Maindy Road Cardiff CF24 4HQ Auditors Azets Audit Services Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB Bankers Natwest 19 Cardiff Road Caerphilly CF83 1WF Solicitors Hugh James Two Central Square Cardiff CF10 1FS Trustees Anne Champ Caroline Holloway James Kelvin Jones Trevor Palmer Zanet Papadamaki Angharad Price Deborah Shaffer Cunqiang Shi Tracey Blockwell - appointed 17110123 DrAimee Grant- appointed 20109123 Company Secretary Rhian Davies Key management personnel Rhian Davies- Chief Executive Miranda Evans- Business and Partnerships Manager Gillian Styles- Finance and Compliance Manager 11 Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, report was approved by the Board of Trustees. DocuSigDEd by.. C E Holloway - Chair Trustee 18 September 2024 12- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DISABILITY WALESIANABLEDD CYMRU I report to the trustees on my examination of the financial statements of Disability WaleslAnabledd Cymru (the charity} for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law} you are responsible for the preparation of the finanaal statements in accordance wth the requirements of the Companies Act 20C6 {the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audit8J under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 386 of the 2006 Ad; or the financial statements do not accord wth those records" or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the financial slatements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK a Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Joanne Taylor FCCA DChA Azets Audit SeNices Ty Dew, Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB United Kingdom 19 September 2024 13- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Donations and legacies Charitable activities Investments 150,945 37,700 6.709 150.945 109.720 6.709 340,040 6,756 2,029 340,040 226,615 2,029 72.020 219,859 Total income 195.354 72.020 267.374 348,825 219,859 568.684 Charitable activities 290.486 157.951 448.437 358,730 175,725 534.455 Net {outgoing)lincoming resources before transfers (95.132) (85.931) (181.063) (9,905) 44,134 34.229 Gross transfers be￿een funds {1,153) 1,153 23,790 (23,790) Net (expenditure)lincome for the yearl Net movement in funds (96,285) (84,778) (181,063) 13,885 20,344 34,229 Fund balances at 1 April 2023 461,905 110.203 572,108 448,020 89,859 537,879 Fund balances at 31 March 2024 365,620 25,425 391,045 461,905 110,203 572,108 The statement of financial activit'es indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 14- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 11 28,685 383,097 34,520 608,559 411,782 643,079 Creditors: amounts falling due within one year 12 (20.737) (70.971) Net current assets 391.045 572.108 Income funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 14 25,425 110,203 15 211,000 154,620 225,130 236,775 365,620 461,905 391.045 572,108 The company is entided to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors aCknO￿edge their responsibilities for complying with the requirements of the Companies Act 2006 th respect to accounting records and the preparation of financial ststements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordan￿ with section 476. These financial statements have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies regime. 18 September 2024 The financial ststements were approved by the Trustees on ......................... Docv$ignfjd by." 2C39A6E1B4D24FB.. CE Holloway - Chair of Trustees Company Registration No. 1998621 15- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash (absorbed by)Igenerated from operations 21 (232,171) 164,839 Investing activities Investment income received 6.709 2.029 Net cash generated from investing activities 6,709 2,029 Net cash used in financing activities Net (decrease)lincrease in cash and cash equivalents (225.462) 166.868 Cash and cash equivalents at beginning of year 608,559 441,691 Cash and cash equivalents at end of year 383,097 608,559 16- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Disability WaleslAnabledd Cymru is a private company limited by guarantee incorporated in England and Wales. The registered office is Maindy Road, Cardiff, CF24 4HQ. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterting, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded 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 Going concern The charity is heavily reliant on funding from Welsh Govemment, should this source of income cease it would have significant implications for the scale and operations of the charity. The trustees have prepared the financial statements on the going concem basis on the basis that grants from Welsh Government will continue to be forthcoming in the future. The charity's core grant from Idvelsh Govemment is secured until 31 March 2025. At the time of approving the financial statements, the tnjstees have a reasonable expectation that the charity has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are ￿ndS earmarked for particular purposes by the conditions of the grant awarding body, the donor's wish or the nature of the grant. Mthere restricted funds received remain partly unspent, they are carried forward to the following period. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income from grants, is recognised when the charity has entitlement to the funds, any perfomiance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Contract income is recognised in the period to vthich the Servi￿ is provided with any amounts reeAved in advance being deferred. 17- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinued) Membership subscripts'ons received in the nature of a gift are recognised in Donations and Legacies. Training and development income is invoiced and induded in the Statement of Financial Activities in the period in which the service is provided. Interesl income is induded in the accounts when re￿Ipl is probable and the amount receivable can be measured reliably. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and Se￿iceS provided in the nomial course of business, net of discounts, VAT and other sales related taxes. 1.5 Resources expended Expenditure is recognised once there is a legal or constnjctive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes all costs relating to the furtheran￿ of the charitys objectives as stated in the trustees report and their associated support costs. Govemance costs which are induded in support costs indude those incurred in the governance of the charity and its assets and are primarily associated with statutory requirements. Grants payable are payments made to third parties in the furtheran￿ of the charitable objedives of the charity. The grants are recognised where the trustees have agreed to pay the grant and the recipient has a reasonable expectation that they will re￿1ve a grant. provided they comply with the terms of the agreement. Grants offered subject to terms and conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. The charity is not VAT registered and as such expenditure is recognised at its gross value. Expenditure is classified by activity. The costs of each activity are made up of the total of dir￿ costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributaL4e to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets It is the charity's accounting policy to not capitalise items with an individual value of £2,000 or less. 1.7 Cash and cash equivalents Cash at bank and cash in hand indudes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 18- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity. or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another paty that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entiljement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.10 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.11 Leases Rentals payable under operating leases. induding any lease incentives re￿ived. are charged as an expense on a straight line basis over the temi of the relevant lease. 19- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual ￿SUItS may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cmly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies un￿strICted Unrestricted funds funds 2024 2023 Donations and subscriptions Grants receivable 945 150,000 770 339.270 150,945 340.040 Grants receivable for core activities Welsh Government 150,000 339,270 150,000 339,270 -20- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2023 Development, training and other income Grants 79,050 30,670 23,498 203,117 109,720 226.615 Analysis by fund Unrestricted funds Restricted funds 37,700 72,020 6,756 219,859 109,720 226.615 Grants and other income WCVA Welsh Govemment DPO Fund Welsh Government Voter Registration Welsh Government Access to Elected offi￿ Fund Welsh Government Social Model UNCRDP Resources Equal Power Equal Voi Other Access to Work Scheme 51,543 1,535 1,703 29,525 6,520 89,086 29,754 1,350 8,843 30,670 30,670 203,117 Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 6,709 2,029 21 Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 Mmm(O0tr-￿)rn a) in o) (w ￿ o) ( ¢bl 0) ￿ in r In ( a) a) (O (W r a) In ¢J) ￿ in r in ¢r) a) a) O) a) In Lo o (L (o O) tn rn LL CD o C CJ zZ((o￿ll￿ZLL>1O Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Designated funds The income funds of the Charity indude the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.. Movement in funds Incoming resources Balance at 1 April 2022 Balance at 1 April 2023 Transfers Balance at 31 March 2024 Bursary scheme Campaigns Legacies Redundancy Sustainable Base Re-organisation 32 9,650 156,949 58,499 32 9,650 156,949 58,499 968 (9,650) (156,949) (58,499) 140,000 70,000 1,000 140,000 70,000 225,130 225,130 (14,130) 211,000 Bursary scheme - is designated for ftjll members or disabled individual members to access to attend DW events, expenditure is released each year when incurred in relation to this fund. Campaigns - is designated for future campaign costs. expenditure v4ill be incurred in future periods. Legacies I Sustainable Base - a legacy was received by the charity in a previous financial year. This has been designated for future project use. This has now been designated as contingency funding as Disability Vwdles develops it's new funding and operab'onal strategy. Redundancy l Re-organisation - this is designated for future costs that may be incurred should Disability Vwdles re-organise. Expenditure is released when incurred in relation to this fund. -30- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 Q)7J TIN 7J 7Jth* 7JW* Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Operating lease commitments At the reporting end date the charity had outstsnding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows= 2024 2023 Within one year 4,419 18 Status of the company The charity is a company limited by guarantee and not having share caprtal, exempt from the requirement to use the word 'limited" and registered as a charity. The liability of the members is limited to £1 each. 19 Related party transactions The charity was under the control of the trustees throughout the current and previous year. The Chief Executive Rhian Davies is a trustee of Wales Council for Voluntary Action {WCVA). The charity received income from WCVA totalling £2,225 during the year (2023.. £52,243). The charity were invoiced £62 (2023.. £4.660) by WCVA during the year. There were no amounts outstanding at the current or prior year end. Rhian Davies was also the Vice Chair of INomen's Equality Network. The charity received income from the organisation totalling £31,240 during the year {2023= £41.617). Amounts outstanding at the year end totalled £nil {2023. £1,552). Trevor Palmer is a director of GL100 Services Ltd. The charity made payments to GL100 totalling £730 during the year (2023.. £nil). Amounts oustsnding at the year end totalled £nil (2023.. £nil). Trevor Palmer is also a trustee Reswnsable Assistance. The charity received income from Responsable Assistance totalling £160 during the year {2023= £nil). Amounts oustanding at the year end totalled £nil12023= £nil). 20 Pension costs The pension scheme is run by Royal London. The total cost to the charity for employers, contributions to the scheme during the year was £15,529 (2023.. £15,568). Contributions due at the year end are £nil {2023= £nil). -32- Docusign Envelope ID.. 5424DFC4-0034428A-8144-0517E6BFFED5 DISABILITY WALESIANABLEDD CYMRU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Cash generated from operations 2024 2023 (Defi¢it)Isurpus for the year 1181,063) 34,229 Adjustments for= Investment income recognised in statement of financial activities (6,709) {2,029) Movements in working capital.. Decrease in debtors (Decrease) in creditors (Decrease)lincrease in deferred income 5,835 (10.234) {40.000) 94,848 {2.209) 40.000 Cash labsorbed by)Igenerated from operations 1232.171) 164.839 22 Analysis of changes in net funds The charity had no debt during the year. -33-