Llamau Imagine a World Without Homelessness LLAMAU LIMITED A company limited by guarantee Report and Financial Statements Year Ended 31 March 2024 Charity Number 701772 Company Number 2396224
LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS Year Ended 31 March 2024 CONTENTS PAGE Trustees, annual report incorporating the strategic report Reference and administrative details 26 Independent auditor's report 33 Statement of financial activities 36 Balance sheet 37 Statement of Cash Flows 38 Notes to the financial statements 40
Page 3 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 The Trustees are pleased to present their annual directors, report together with the financial staternents of the charity for the year ending 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Att 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective l January 2019. Mission and Vision Llamau's mission is to end youth homelessness and homelessness for women and thelr families. That means that we want to make homelessness rare, brief and non-recurrent. We believe that no young person, woman or family should ever have to experience homelessness. Llamau's aims and strategy are reviewed annually, to ensure that we remain clear and focused on the work we undertake. We wlll achieve our mission through fulfilllng our alms; Keeping the people we support at the heart of the organisation Ensuring the wellbeing of our colleagues Focusing on the primary prevention of homelessness Redressing inequalities which lead to homelessness Enabling everyone we support to achieve their full potential Delivering sector-leading support Recognlslng and exceeding the expectations of our supporters Transforming lives by never giving up In delivering services to achieve our aims, we recognise that individuals have a range of needs all of which need to be met. Therefore, we aim to work with the individual to support them in addressing all the issues that matter to them. Consequentlyi our work demands great and constant flexibility. Llamau aims to support people to take the right steps to enable them to fulfil their potential and make their own contribution to society. We have a proven track record of working with young people and women who have been continually let down. Llamau's psychologically informed support encourages those we work with to return to education or ernployment. rebuild family relationships; tackle substance use, offending or mental health issues. No matter how challenging the obstacles are for an individual, we never give up.
Page 4 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Last Year in 23124 Over 11,000 young people, women and children were reached by Llamau across all our services Over 5,500 people includlng children were supported by Llamau's domestlc abuse service Over 5000 young people were supported by our range of Early Intervention & Prevention, Safe Home and Move on services Over 200 people including children were supported by Llamau's domestic abuse refuges Over 1500 young people were supported by Llamau's floating support services Over 500 young people at risk of homelessness were supported through Llamau's supported accommodation for youth services across Wales Over 300 young people were supported by Llamau's Family Mediation Service Nearly 1,000 children were supported by Llamau's Debrlef and Mediation services for mlssing chlldren In Gwent and Dyfed Powys Over 500 young people received specialist advice and support, includlng through the Youth Homeless Helpline. Nearly 400 young people were supported through Llamau's Leamingi Training and Employment programmes Over 150 childreni young people, women and familles engaged wlth Llamau range of domestic abuse and healthy relationship programmes Over 1700 people and chlldren were supported by Llamau's range of Domestic Abuse Outreach Services Nearly 2000 children engaged with Llamau's Early Identification and Prevention of Homelessness programme, Upstream Cymru Over 2000 individuals were referred from PPN'S and contacted by our DACC workers across Newport and Caerphilly offering immediate advice, Safety planning and referrals to community-based services following a police call- out Over 50 young people were supported by our EMPHASIS assertive outreach projects across Wales to overcome key issues that put them at risk of homelessness 36 young people wlth complex needs were supported at our range of Housing First for Youth projects across Wales 20 women affected by trauma were supported in our gender specific accommodation in Cardiff and Newport 45 young people at risk of homelessness were supported by our range of Supported Lodgings projetts and dedicated community hosts across Wales
Page 5 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 113 women and their families were supported by our Family Safety worker in Caerphilly, and over 350 children and young people were supported by our CYP outreach team Nearly 550 people were identified at risk and supported by our IRIS service Over 300 people engaged with our specialist counselling services Public Benefit During 2020, as requlred by the Charities Act 2011, the Charity Commission for England and Wales issued its general guidance on the criteria it will use to determine whether a charity provldes public benefit. We have considered the relevant guidance and are satisfied that we provide conslderable public benefit as demonstrated in this report. We have referred to the guidance when revlewlng our purpose and misslon and in planning future activities. In particular, consideration is given to how planned future attivities will contribute to our strategy. Llamau's Soclal and Financial Impact Llamau's profound impact on the social and financlal cost of homelessness is something that policymakers in Wales must recognise. Through inltiatives like mediation, we not only provlde crucial support to young people and women at risk of homelessness but also generate significant savlngs for the public sector. For instance, medlatlon services can sustainably prevent family relationship breakdowns, a leading cause of youth homelessness. By enabling young people to remain safely within their family homes, these interventions save over £27,000 per person in specialist supported accommodation costs. Over the fiscal year 2023/2024, Llamau's efforts have translated into substantial savings, reflerting the importance of targeted early intervention. The root cause of youth homelessness is often linked to family relationship breakdowns, which is why Llamau's mediation services are so crucial. By addressing these issues early on, we can prevent young people from needing costly and often inappropriate temporary accommodation-a cost that has doubled in Wales over the last five years, now exceeding £40 million. Beyond financial savings, the impact of Llamau's services extends to the wellbeing of the indlviduals we support. Our speclalist mental health services, including counselling, slgnificantly improve the happiness and quality of life for those we support. This Is particularly important to Wales where nearly £5 billion is lost annually due to reduced produttivity and healthcare costs linked to poor mental health. In addition to addressing mental health, Llamau's support for young people extends to addressing anti-social behaviour. By helping individuals manage these behaviours, Llamau can prevent famlly evittions, which can cost £600 per week in bed and breakfast expenses per family. Furthermore, our educational
Page 6 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 programmes are vital in preparing young people for the workforce. The cost of supporting a homeless young person who is not in education, employment, or training (NEET) is £19,500 per year for those aged 18-24. This includes expenses related to health, housing, criminal justice, and welfare benefits, contributing to a total cost of youth unemployment in the UK nearing £8 billion. Homelessness and housing support services in Wales, including those provided by Llamau, deliver an estimated £300 million in gross annual savings to public services. These savings come from preventing homelessness, reducing pressure on health and social care systems, and minimising interactions with the criminal justice system. Llamau's wide-ranging domestic abuse services also contribute to preventing the significant social and economic costs of domestic violence, which is estimated to cost the UK £66 billion per year in terms of emotional and physical harm, health and justice services, and lost productivity. The social and flnanclal costs of not supporting young people and women at risk of homelessness are unacceptably high. Our work is essential not only for the people we support but also for the broader economy. Our efforts align with the Welsh Government's introduttion of the right to adequate housing, a policy expected to save £11.5 billion over a 30-year period. These savings would come from improved wellbeing, reduced local council budgets, lower NHS costs, decreased criminal justice expenses, and additional economic actlvity. The challenges faced by young people experiencing homelessness, including the Inability to access employment, represent a slgnificant loss to society. These challenges account for 700/0 of the total costs associated with homeless youth, a loss Llamau's services help to mitigate. Across Wales, counties have seen alarming increases in spending on temporary accommodation, with one county In north- west Wales experiencing a rise of over 1,000 % in just five years. Llamau's work is crucial In mitigating these costs by complementing and enhancing the services available to young homeless people across the country. The correlation between adverse childhood experiences (ACES) and homelessness is stark, with individuals who have experienced four or more ACES being 16 times more likely to become homeless. Addressing these deep-rooted issues early on is cruclal, as each young person who accesses mental health services costs an average of £2,409 per year. Yet, the long-term benefits are clear: for every £1 invested in moving people out of homelessness, £2.80 is generated through savings in other services and by boosting the Welsh economy. This highlights the value of Llamau's interventions in reducing the overall costs of homelessness. Bullding on this, Upstream Cymru's innovative approach, which combines early identification and targeted intervention within schools and communities, demonstrates that true prevention of homelessness is possible. However, despite being a pioneering initiative in Europe, Upstream Cymru is now lagging behind similar programs in England and Scotland due to limited rollout and funding. The growing burden on local authorities to manage temporary accommodation is hindering their ability to focus on preventing tomorrow's homelessness. Therefore,
Page 7 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 we urge the Welsh Government to lead the national expansion of Upstream across Wales. Establishing four regional projects would ensure a future-focused approach to homelessness prevention while also providing crucial data for planning and service development. Values are at the centre of what we are about Llamau is a values-led organisation whlch puts the people we support at the heart of the organisation. How Llamau delivers support is crucial to our success. Each of our operational colleagues is inducted into the charity with our own psychologically and trauma informed support methodology. The difference with Llamau Is the quality of support and empathy we offer. The following five core values have been distilled from everything we do: We Respect We respect by accepting, acknowledging and acting on people's experlences. We work to earn respect. We show respect by rejecting labels others have put on people. We accept that we are privileged to walk alongside people on their journeys. We act with kindness and never judge. We Listen We create a safe space to explore feelings and take notlce of what people have to say. We actively listen to everything someone is telling us. We act on what we hear. We listen to the voices of experts by experience and look deeper to understand the experiences of the people we support. We Learn We are a learning organisation. We learn by accepting people's experiences and being open to the changes we need to make. We learn through being a psychologically informed environment. We embrace opportunities to become more aware and informed. We know what works but know we can do more. We Encourage We encourage through a psychological model that works at the pace of each person and respects their individual experiences. We work alongside people to build the inner confidence they need to fundamentally move on with their lives. We don't change people's Ilves they do that themselves but we do help them find purpose, hope, positivity and strength within themselves. We Don't Give Up
Page 8 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 We believe in the people we are privileged to work with. We will never give up on them and will work relentlessly for them to achieve their goals and ambitions. If we fail in one way, we will find an altemative way. We're bold and unafraid to stand up for what we believe is right. We will never give up on delivering our mission because we believe in people and their right to live a full and safe life. We Wlll Never Give Up Between 6,000 and 7,000 young people in Wales ask for help with homelessness each year disproportionate representation at around a quarter of all age presentations, and likely a large underestimate of the true figure in need. Many more will be hidden from these numbers; 'sofa surfing,, sleeplng rough, or not asking their Local Authority for support. For many young peoplei past trauma has resulted in an increase in mental health problems, and we are only now seelng the real and significant impact of the Covid pandemlc. Domestic abuse remalns the major cause of homelessness in women and is inextricably linked to both mental and physical health issues, low incomes and poverty. Data on domestic abuse comes from the Crime Survey for England and Wales, police recorded crime and other sources. It shows that 2.4 million adults experienced domestic abuse in the year endlng March 2022, and that the number of police recorded crimes increased by 7.70/0. The Crime Survey for England and Wales (CSEW) year ending March 2023 estimated that 4.40/0 of people aged 16 years and over (2, 1 million) experienced domestic abuse In the last year. There was no signiflcant change in the prevalence of domestic abuse experienced in the last year by people aged 16 to 59 years compared with the previous year, but a significant decrease compared with the year ending March 2020, a year largely unaffected by the coronavirus (Covid-19) pandemic. The police recorded 1,453,867 domestic abuse-related Incidents and crimes in England and Wales (excluding Devon and Cornwall) in the year ending March 2023; 889,918 of these were recorded as domestlc abuse-related crimes. The number of domestic abuse-related crimes corded by police remained similar compared with the year ending March 2022, and was 14.4 % hlgher than the year ending March 2020 (ONS - Domestic abuse prevalence and trends, England and Wales: year ending March 2023) Exiting the pandemic, closely followed by the Cost of Living crisis, we have seen an increase in complexity of needs and risk for the survivors we are supporting, with increased experience of trauma and mental health and well-being needs, at a time when support from other agencies is more difficult to access. There has also been a slow down of availability of move on properties for women and families
Page 9 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 due to unprecedented demand for accommodation, and more general homelessness pressures. Referrals have continued to increase for refuge spaces across Llarnau, with 296 referrals for our 67 spaces in 2023124 (an increase of 17 or 6 % from last year). During this year we increased capacity by opening 3 dispersed refuges, 2 in Merthyr CBC and l in Caerphilly CBC. Demand for spaces meant we were unable to accommodate 187 referrals due to there being no space available as refuges were full, unsuitable for person's needs, risk area to close to refuge, homeless/housing issue not crisis DA, able to stay safe in own home, mobility issues or declined due to area. In the community, our Floating Support services received 999 referrals. an increase of 110 % compared to the previous year. Llamau remains steadfast in our commitment to ensurlng young people, women and families in Wales are safe, supported and empowered to leave homelessness behlnd and thrive in thelr communities of choice. Too often, the people Llamau supports are perceived as failing or being hard to reach, when the truth is that services are letting them down. We understand that because of past experiences and trauma, people are not always ready to take advantage of the support and training services that are offered to them. For this reason, Llamau will stay with that person until they feel ready. We wlll also continue to offer services to people regardless of previous experience, unless these cannot be offered without prejudicing or putting other people we support at risk. Recrultment and retention of colleagues continues to be a challenge for the health and soclal care sector in Wales. We continue to improve our recruitment and onboardlng processes and are ernbedding our updated induction processes. All Ilne managers are trained In Llamau's Compassionate Leadership methodology. In Autumn 2024 we will be rolling out Compassionate Leadership to all colleagues, introducing a colleague progression programme, Step into Management and launching our Buddy Scheme for new colleagues and new line managers. We continue to make progress against our Equality, Diversity and Inclusion strategy which was launched in 2023. Our Anti Racism Action Plan was published in December 2023 and our Trustees and Senior Leadership Team have undertaken further anti-racism trainlng. In the last year we have: Achieved level 3 Disability Confident Achieved a bronze award from Stonewall and placed on their Workplace Equality Index, and Established several EDI colleague groups that meet regularly, such as LGBTQ+, Menopause, Neurodiverse Signed up to and promoted to colleagues our commitment to the Halo Code and Time to Change Wales Trained managers on Unconscious Bias Attracted and appointed diverse candidates
Page 10 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Worked with partners in Diverse Cymru to support us In working toward our Cultural Competence submission Llamau remains unrelenting and committed to our mission. We recognise that much of the primary causes of homelessness: poverty, housing supply failure, institutional failure, are outside of our control; however, it remains all of our responsibilities to be clear we do not wish to live in a society that allows such inequalities to exist. Also to do all in our power to persuade our politicians these issues must be tackled as a priority. Llamau is daring to imagine a world without homelessness and is determined to achieve it. To do this there needs to be specific interventions in all stages of the cycle of homelessness, especially early inteentIOn and prevention. Llamau will continue to push for Upstream Cymru to be an integral part of Wales, drlve to reach young people, before homelessness becomes a part of their experience. Llamau are the first in Europe to pllot the Upstream model and we are delighted thls year to have supported our partners in England, Scotland and Northern Ireland to develop Upstream in their countries in the UK. We continue to push the impact of Upstream In Wales and are collaborating with Cardiff Unlversity to demonstrate the impact of this early identification, intervention and prevention model. Llamau is also determined to target groups of young people that are more Ilkely to be affected by homelessness. This includes LGBTQ+ young people and neurodivergent young people. Research undertaken by End Youth Homelessness Cymru's 'Out on the Streets, told us: LGBTQ+ young people are disproportionately overrepresented In the wlder homelessness population. They' more likely to have to leave stable accommodation to escape emotlonal, mental or sexual abuse and are at greater risk of harm when homeless than non-LGBTQ+ young people. Despite this, they are underserved by support services designed to respond to their specific needs. Wales has just one LGBTQ+ specific supported accommodation for young people, Ty Pride. Research into Ty Pride found that IOOO/o of the young people currently residing there expressed feeling safe for the first time, liberated to express thernselves fully and confident amidst life's challenges. 100 % of the young people also said that movlng to Ty Pride had saved their life. 'Impossible to Navigate, a report by End Youth Homelessness Cymru, looked at youth homelessness through the lens of neurodiversity. The report found Neurodivergent young people often face numerous barriers to accessing education, housing, healthcare and employrnent. A lack of diagnosis and support often entrenches these societal barriers. This in turn can result in contart with a housing and homeless system that is designed by neurotypical people for neurotypical people. The report recommends systemic change that moves from a focus on the 'flaws' of the individual to a focus on dismasting systemic barriers and promoting true accessibility within the housing and homeless system.
Page 11 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Achievements and performance Llamau's mission is to eradicate homelessness and to work to tackle the issues that cause homelessness: This year, once again the number of people we supported increased, with Uamau reaching over 11,000 young people, women and children, wlth a 940/0 Positive impact. What We Do Works 940/0 of people reported our support had a positive impact on their lives and 930/0 of people reported an improved quality of life following our support. In addition: 80 % of young people who accessed Llamau's Educatlon programme progressed into further education, employment or training 970/0 of people felt safer as a result of the support received from our IRIS service 800/0 of young people supported by Llamau's Family Mediation services safely remained in/returned to thelr family home, preventing homelessness 90 % of people accessing our Domestic Abuse Outreach Services had positive housing outcomes, with 620/0 able to remain safely In their own home and 28 % able to secure altemative accommodation 710/0 of women in our Gender Specific accommodation achieved a successful move on 81 % of people in our refuges were successfully moved on 93 % of people reported feellng safer followlng Llamau's support 93 % of people reported an improved quallty of Ilfe through Llamau's support 89 % of people reported risks were reduced through Llamau's support 91 % of people engaged with our support positively 92 % of people exiting our supported housing services this year accessed safe, suitable accommodation 830/0 of people experiencing domestic abuse made progress with Llarnau's support 790/0 of people experiencing issues with healthy relatlonships made progress with our support 81 % of people with mental and emotional health issues made progress with our support 740/0 of people experiencing issues with self-harmlng made progress with our support There were 191 young people in our Education at Llamau provision, inclusive of our Shared Prosperity Fund (SPF) funded provisions scheme during 2023/24. This cohort received 421 externally recognized accreditations. 80 % of those who left our Education provision during 2022124 progressed into further Education, Employment or Training (EEf) opportunities.
Page 12 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 We successfully retendered for and expanded Ty Sylvi, young people's supported accommodation in Bridgend, securing an additional 3 units of move on accommodation in addition to the main project. We successfully opened and delivered our new supported accommodation services for care experienced young people in Mid Wales. In the last year, 990/0 of survivors of domestic abuse supported in our refuges reported the project met their needs, improved their wellbeing, and empowered them to make positive lifestyle choices. 970/0 felt safer as a result of support. VAWDASV Welsh Government Gwent Regional Grants.. we were successful with being awarded another year's funding for our Volunteer SeNice, internal Counselling and receiving funds to make Crnl improvements in our refuges. The IRIS service provides support servlces within GP surgeries for survlvors of domestic abuse, providing specialist training for GP surgery teams around domestic abuse and slgns to look for, as well as direct support and an integrated referral pathway for patients identified and referred. The service has made significant impacts, with over 1000 referrals (35 referrals for NHS general practice staff). Over 900 health care staff have been IRIS trained, 93 % of general practices are IRIS trained and 960/0 of IRIS service users reported attendlng the GP practice less frequently following support. Llamau are extremely disappointed that the funding for this service is being withdrawn during 24/25. Given that 80 % of women in a violent relationshlp seek help from health services, usually GPS, at least once, we are extremely concerned about this loss of provision. We opened Richmond House in Newport. Thls Is a new style of 24 hour staffed accommodatlon, with young people sharing 2 bedroom flats. The servlce launched in June 2023 and to date we've already seen 4 young people move on successfullyi elther into step-down accommodation or their own tenancy. Leading into the 2024-25 financial year we were asked to expand our provision within the HSG funded element of our supported accommodation and floating support service in Torfaen. In Cardiff we opened up 3 new projects for our new Childrens Services Contract for 14 young people. We moved 27 young people on into their own tenancies or returned home where appropriate despite the accommodation shortages within the sector in Cardiff. We were successfully awarded a brand new contract by Social Services in Neath Port Talbot to provide Enhanced Transltional Housing Support to young people transitioning out of ca. The project undertook a remodel of an underutilised shared house in Neath Port Talbot and opened as a new 24/7 support project in record time. We were successful in our submission to the Swansea Single Framework for Support Accommodation Tender for young people. This means that Llamau are now a listed supplier within the framework and will have the opportunity to tender for existing and new support accommodation services across the city as and when they go out for procurement.
Page 13 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Endod 31 March 2024 Ty Pride, the only LGBTQ+ project In Wales, has a 960/0 successful move-on rate and continues to receive a high number of referrals from across Wales, evidencing the need for this type of specialist accommodation and support in all four regions of Wales. End Youth Homelessness Cymru End Youth Homelessness Cymru (EYHC) is a Llamau-hosted, pan-wales coalition, actively campaigning to prevent and end youth homelessness in Wales by 2027. EYHC continued to make significant headway during the year, in leading the conversation and influencing policy on youth homelessness prevention in Wales. Specific areas of focus included.. Bringing people together to drive collaboratlve and co-ordinate cross- organisational and cross-sector responses to systems failures which let young people down and allow them to be threatened with, or experience homelessness. Publishing our research 'Impossible to Navigate: Youth Homelessness through the lens of Neurodiversity,, the culmination of a two year research project. The project involved us recruiting and tralning four neurodivergent young people who had experienced homelessness, with who we worked then on setting the parameters of the research, what they wanted to explore, and how. The research was launched both in Dyddiau Du and in the Senedd and we have begun deliverlng tralnlng sessions to practitioners focused on the findings of the research. Having previously worked in partnership with BakerMcKenzie's pro-bono team to train a team 20, facilitated by EYHC, to run their 'Youth Justice Simulation, we were delighted to be able to deliver a session independently earlier on this year. This was the first time in the world that such a session had been delivered independently of the Bakermckenzie team and we are looking forward to running further sessions across Wales in the future. EYHC is grateful to every single member of this great collaboration; it is that collaboration that ensures we can push forward with our mlssion of eradicating homelessness for young people in Wales. Youth Homeless Helpline Llamau's Youth Homeless Helpline continues to provide out-of-hours support for young people who are homeless or at risk of homelessness. It is open through the night and on weekends, providing support when other services are not available. We are grateful to our team of volunteers and colleagues who ensure there is
Page 14 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 always someone available at the end of the phone to offer help, support, information and advocacy to young people in their most challenging of times. During 2023/24, the Helpline received 284 calls with 94 % of callers satisfied with their experience and the assistance given (with nearly 90 % involving a risk of street homelessness being prevented). The number of calls has increased significantly since last year however- an increase of 81 % on 2022/23's 157 calls. Trainingi Employment, Learning During 2023/24, thanks to additional funding, we were really pleased to deliver services once more in Blaenau Gwent. We have over performed in our Jobs Growth Wales Plus programme, followlng a difficult period post Covid and we have secured Shared Prosperity Funding in 5 local authorities to further enhance our service. As well as demand, we have also seen an Increase In vulnerability of our learners. This has led to a revlew of our curriculum to ensure we continue to meet the needs of the people we support and upskill our teaching team to be able to respond accordingly. Involvement and Engagement The aim of the I&E programme is to reduce Isolatlon, develop healthy relationships and ensure the people we support can access their communities. We ran central programmes such as Pride and our Annual Festivals to ensure the people we support felt valued and could spend time away from the day to day with their support colleague. There were 48 projects delivered, 195 attendees and 145 completers from our I&E programmes. We offered a range of projects that were funded through grants with specific outcomes but also through consultation with the people we support. Llamau's Psychologically Informed Environment (PIE) Following the progress of the last few years, Llamau continued to work on embedding PIE in multiple areas of the organisation. We grew this department through a range of funding streams to try to meet the increased need for ernotional wellbeing support for both our colleagues and people we support in Llamau. To this end, we achieved the following: Counselling: Thanks to a range of funding streams, we were able to continue to deliver our internal counselling service for people we support. We were fortunate
Page 15 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 across these funds to have a lead counsellor and four qualified counsellors, and to host multiple students for counselling placements. The service continues to receive exceptional feedback and providing people with timely emotional support in a wide range of areas related to mental health and wellbeing. This year marks the second year of our Bereavement Support Grant that has enabled us to secure a specialist Bereavement Counsellor to offer grief and loss support to colleagues and the people supported by Llamau. Colleague Wellbeing: Our Wellbeing Lead has continued to run our colleague wellbeing line which we had set up as a result of Covid. This phone line continues to be widely accessed by colleagues and provides a safe and compassionate space for them to bring any difficultles they may be experiencing. Our Wellbeing Lead, along wlth other members of the department, have put together a robust resource using Padlet wlth Information on a range of wellbeing topics. Learning and Development: We continue to create and update our own bespoke, internal e-learning, delivered virtual classroorn training and micro teach sessions on a range of topics, all underpinned by our psychological models and clinical expertise. In additlon, we hosted a number of webinar events, with invited speakers such as the Samaritans and Tlme to Change Wales. We have rolled out our Compassionate Leadership Tralnlng programme for all layers of managers within Llamau and resumed face to face training in various venues across South Wales. Psychology: We continue to support the internal psychology consultation Ilne to provide advice and support for operational teams. This line is used to gain psychological advice and support when they are facing challenges and want to reflect on this together. We have provided consultation to the Senior Leadership Team, bringlng psychological expertise into the Compassionate Leadership and Better Practice streams of work. We continue to deliver PIE Skills Prartice for frontline colleagues, providing both a teaching element to PIE and spaces to reflert on practice. Financial Review Incoming Resources + Incoming resources for the year ending 31 March 2024 were £21,817,365 (2023: £20,885,063).
Page 16 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 • Income from Charitable Activities was £20,349,383 and has increased from 2023 (£19,339,775) as a result of organisational growth and new contracts. Resources Expended • Resources expended during the year ended 31 March 2024 were £22,736,946 (2023: £20,871,968). Planned Deficit • Net Movement in Funds for the year was (879,523) after a gain on investment. Llamau had budgeted a deficit for the financial year 2023124 knowing that we would be utilising funds we had previously received, which enabled us to create a healthy surplus in those financial years. Balance Sheet and cash flow + The balance sheet remains In a strong position decreaslng as a result of a reduced cash at bank figure and withdrawal for Investment, Ilnked to the utilisation of our deslgnated and restricted funds. Net Current Assets have decreased whilst our Long Term Creditors have reduced. • Llamau has continued to spend Restrlcted Funds that were received prior to thls financial year and ensure all terms and conditlons of Restricted Funds have been met. Investment Powers and Policy The Trustees, havlng regard to the liquidity requirements of the charity, have prevlously operated a policy of keeping surplus cash balances as liquid as possible and any surplus balances invested in fixed term deposit accounts. The Trustees have agreed to invest funds via the Charities Aid Foundation (CAF), the management of these funds has been transferred to LGT Wealth Management UK LLP. Our investment remains In one scheme. Both portfolios are'Investing for Growth, with a very low risk profile, one of which was closed during the year, and are intended to return more than they would In a deposit account. The investments are subject to quarterly review by the Trustees who monitor cash flow to ensure liquidity remains adequate to meet operational needs of the organisation. The portfolio increased in value over the year to the end of March 2024, and the Trustees are confident that maintaining the portfolio risk profile will enable the Investment to continue to grow over the longer term. Principal Risks and Uncertainties There are two principal risks to Llamau, which are interlinked. That is funding and the ability to support the people who use Llamau's services safely and appropriately, due to the increase of complexity of support needs. Llamau continues to deliver psychologically informed strength-based support, however
Page 17 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 commissioners need to understand this increased need and associated costs. They need to provide the right resources, both multi agency and financial to enable us to support people to achieve their full potential. In addition, Llamau recelves funding from a wide portfolio of commissioners and funders. Some funders are reporting that Llamau's turnover is too big for them to support, therefore we urgently need funders to consider not the turnover but the gap between cost of delivering services and the outcomes of delivery. Llamau's growth in statutory funded services over the past 6 years has enabled us to reach more young people and women who face homelessness. However thls has often resulted In the income from these services failing to keep pace with the cost of inflation and has created an overall tumover which has meant it is increasingly difficult to attract funding for other services from trusts and foundations because we are seen as 'too big,. This is despite the fact our non-statutory income sources remain at a much smaller percentage. Thls Is Increasingly difficult as Local Authorities pay further In arrears and often seek to claw back funding wherever possible. In this climate, Llamau continues to push to get funders and commissioners to understand that turnover does not equate to profitability. As more funders tum Llamau, and as a result the people we support, away due to our'turnoverf we need them to understand the increasing deficit Llamau has to manage year on year. Our plea to both funders and commissioners Is to understand the true cost of serICeS, to take into account the efficacy of those services and the level of deflclt, rather than a clumsy inaccurate vlew of turnover. Desplte the Increaslng financlal pressure, Llamau continues to live up to our values and culture. It is our culture and values that have kept Llamau at the top of our game. Our values serve as a strong foundation to help continue to weather the latest storm that has hit us. Our commitment and our mantra. 'it is not the strongest of the species that survive nor the most intelligent, but the one most responsive to change,, continues to hold us in good stead. The entirety of Llamau continues to step up and meet our challenges head on. We continue to monitor our finances with increased scrutiny. We know that any reduction in our financial controls could have an impact on our financial position and we are committed to retaining the enhanced controls we put in when Covid hit. Llamau's Board of Trustees still consider Llamau to be a'Going Concern,. This conclusion was reached with regard to: The financial forecasting that has been completed, with performance analysis to date; The financial position of the organisation including reserves levels; The adapted means of fundraising and relationships with donors;
Page 18 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 The determination of the staff team to ensure the highest quality of support, and the recognition of this by service commissioners, The development of full cost recovery models, and; Llamau's intended expansion into care facilities for young people. As a consequence, the Trustees expect Llamau to continue operating as normal for the foreseeable future, to meet our obligations as they fall due and have no plans to close the charity or curtail operations. Llamau continues to open new projects and expand services to meet the increase in need. The determlnation and commitment of Llamau's colleagues, their professionalism and ability to deliver the very best and highest quality of support, needs recognition. Llamau will continue to do all in our power to ensure colleagues have the recognition and financial recompense they deserve. Llamau will continue to do what we do best worklng with the people we are privileged to support, and going forward we remain committed to contlnuous improvement, keeping hold of what's worked, acting on our learning and continuing to prioritise service dellvery and everyone's wellbeing. Other Key Risks The sector wide recruitment gap contlnues to impart on Llamau. We have continued to make Improvements to our recruitment, onboarding and induttion processes but without sustained yearly Increases in funding to approprlately pay colleagues, thls will continue to be an issue across the sertor. Our colleague benefits, Includlng our annual leave, penslon and colleague wellbeing services are highly competitive and we will continue to promote these employee benefits to potentlal and existing colleagues. Whilst there is a commitment in Wales to collaborations and co-productlon, which includes Involving specialist third sector in forums for decision making, the capacity for organisations to continue doing this effectively and consistently is being limited. For example, there are strict caps on Management and Governance costs, despite this often being the level of colleague invited to be a part of such forums. Local authorities continue to face some of the greatest cuts and pressure to their budgets in years. As a result, some are seeking to cut monies into existing projects, which can result in larger deficits and inadequate funding for these projects. As a consequence, commissioning on a cost basis rather than a quality basis continues to be the norm within our sector. This must stop and we call on the Welsh Government and WLGA to put an end to this poor practice. In addition, over the last 12 months we have also seen local authorities advertise higher paid internal support mles than we can match due to our capped funding. This has seen our highly trained colleagues leaving for similar roles but at a higher salary, further imparting recruitment issues in the sector. This prartice surely must be questioned. We believe it is unethical for commissioners to pay their own internal
Page 19 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Endad 31 March 2024 staff more than their contracted staff. Local Authorities also strive to be real living wage employer, yet do not allow their providers the same opportunity. Llamau's mitigation of these risks continue to be ensuring our own efficiency, keeping our costs as competitive as possible, demonstrating our value for money through the added value of the organisation, proving our outcomes are the best and continually trying to expand our funding base. Reserves Policy Llamau's Board of Trustees review our reserves policy on an annual basis. The 2024 review undertook an analysis on need. Our reserves are now based on specific costs that would be incurred should Uamau face a position where it needs to cease trading. These include the costs of paying redundancy to all colleagues that wouldn't be covered by a TUPE agreement and honouring the remaining terms of leases. Additionallyi we include any planned Capltal expenditure that is required. In determining this level of reserves, Llamau has consldered; The nature and sustainability of current funding. The current situation in regard to HSG funding (our main source of Income). Anticipated revenue expenditure and requirements for capital expansion; The cash flow of the organisation as more contracts are paid in arrears; Our legal responsibilities with regard to staffing and leases held. The Charity receives external funding in the form of grants to support its very important activities in furtherance of charitable objerts. Such fundlng sources are subject to change and cannot be guaranteed. In addition, the Charity undertakes project driven work for which restricted income is received, and whilst this funding is crucial to project delivery, It is sometimes insufficient to satisfy all of the Charity's objectives. As a result, the Charity uses its unrestricted reserves to support projects. Llamau also maintains a sufficient element of Working Capital to ensure that all liabilities are met, particularly at a time when more grants are paid in arrears. At the reporting date, free reserves were £3,991,154 (2023: £4,422,083). free reserves representing unrestricted funds less Tangible Fixed Assets and Intangible Fixed Assets. The level of reserves is slightly above Llamau's target (£3,480,525). The Trustees are satlsfied this is sufficient to meet ongoing commitments. Plans for the Future Llamau's Aims and Objectives set out what the organisation is trying to achieve. Whilst this is an on-going mission, each year we set key strategic priorities for the new financial year to further strengthen our ability to withstand pressures and maximise opportunities.
Page 20 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Y8ar Ended 31 March 2024 Our strateglc business plan is a rolling plan, which we review every year to ensure it reflects how we are going to achieve our vision. Llamau's Board uses an aide memoir when reviewing our strategy; A good strategy does more than urge us forward towards achieving our vision. A good strategy honestly acknowledges the challenges being faced and provides an approach to overcoming them. The greater the challenge the more a good strategy helps us to focus to achieve the vision. Ultimately Strategy is a way of thinking, not a pmcedural exercise or set of frameworks. The scrutiny the Board considers include: Does our strategy embrace or recognise the uncertainty of the environment7 Is our strategy clear? Does our strategy show we fully understand the experiences of those we work with? Is there full conviction to act on our strategy. Shaping the future: Our strategic focus Young people, women and children we support wlll be at the heart of the organisation. Our focus wlll be on the following overarching strateglc alms: Impactful Early Intervention and Responsive Services We will develop and deliver services that positively impact the people we support, with prevention being at the heart of what we do. We will fight to ensure funding is in place for services that are needed, to ensure that everyone is able to achieve their full potential. Sustainable Services We will ensure Llamau's future sustainability through positive commissioner and stakeholder relationships, recognition of the economic and moral imperative of investing in the people we support. People Young people, women and children we support will be at the heart of the organisation. Llamau's colleagues are our biggest asset. We will invest in a well- trained, committed, strong and diverse workforce and will continue to campaign for fully funded services.
Page 21 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Influence We will increase our influence and ensure we amplify the voice of the people we support. We will ensure our evidence base is built through the improvement of evaluation systems and research. We will continue to focus on early identification, intervention and prevention services towards sustainable outcomes. Environmental Sustainabillty We recognise Llamau's responsibility to improve the economic, social, environmental and cultural well-being of Wales. We are committed to evidencing the reduction in our carbon footprint and promoting sustainability as a driver of future employment opportunities for young people and women across Wales How are we going to get there We will work with and challenge Welsh Govemment to ensure it meets its pledge to address systemic causes of inequality and create a Wales where not one of the people we are prlvileged to support is left behind. We wlll contlnue to develop strong operational/strategic links with a range of local, regional and national stakeholders. Thls Includes statutory, prlvate and fellow specialist third sector agencies with whom we are proud to work alongside in the dellvery of our support. Each area of Llamau has developed a series of targets and action plans to ensure we meet the organisational strategic objectives. These are reviewed on a quarterly basis, with progress reported to the senior leadership team. They are living documents which are amended and changed through the lifetime of the Strategic Business Plan to reflect intemal and external developments. Our plans focus on the following strategic areas: Impactful Early Intervention and Responsive Services Early Intervention and Prevention - We will focus more intently on primary prevention services where people are at the edge of homelessness. We will continue to identify opportunities to prevent homelessness before it happens and will work with everyone we support to prevent recurrent. Place to Call Horne We will make sure that everyone has somewhere to live that's safe and homely. We will continue to provide small homes which allow people to thrive, rather than hostels. Gender Specific Support - We will provide support which recognises the specific needs of women and which enables them to fulfil their potential.
Page 22 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Psychologically Informed Environment We will further develop our approach which is strengths based and trauma informed Into a bespoke, fully psychologically-informed environment. whole organisational approach based on Llamau's updated PIE 2 model. Health and Wellbeing We will provide specialist training based on trauma informed psychological interventions, to ensure our colleagues are highly skilled, alongside tailored person centred support from our in house psychologists and counsellors for everyone we support. Sustainable Services Contlnuous Improvement- We will contlnually develop new services, not for the sake of growth but for the sake of the people we support. We will listen to the people we support to identify what new services are needed and how services need to Improve. A Sustainable Organisation We will contlnue to invest in our colleagues, putting their well-being and morale high on the agenda and ensurlng they have the skills and confidence to be sector-leading in their roles. Building our Evidence Base - We will continue to develop our understanding and evidence our impact through research. We will further develop our outcomes monitoring systems. We will contlnue to develop our service dellvery models which are adaptable to new evidence and research. Future-proofing our ablllty to deliver our Mission We recognlse that all parts of the Llamau family are integral to us delivering our mission. We wlll develop our fundraising and communications, finance, HR and training functlons to ensure we are a sector-leading organisation. People Ambition for the People we Support- We will work with everyone we support to achieve their full potential so that they can leave homelessness behind for good. Amplifying the Voices of the People we Support - We will continue to listen and act upon what the people we support tell us. We wlll use our position to represent their views to policy makers In Wales and Westminster. We will work with partners to end youth homelessness and homelessness for women. Continuous Improvement - We will continually develop new services, not for the sake of growth but for the sake of the people we support. We will listen to the people we support to identify what new services are needed and how services need to improve.
Page 23 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Influence Amplifying the Voices of the People we Support - We will continue to listen and act upon what the people we support tell us. We will use our position to represent their views to policy makers in Wales and Westminster. We will work with partners to end youth homelessness and homelessness for women. Building our Evidence Base We will continue to develop our understanding and evidence our impact through research. We will further develop our outcomes monitoring systems. We will continue to develop our service delivery models which are adaptable to new evidence and research. Add Every Youth. Collaboration and Partnerships We will continue to seek mutually beneficial collaboration and partnerships. Research We wlll contlnue to act on new research flndlngs and continue to act on the voices of the people we support and our own evldence base. Sector Leadlng - We wlll contlnue to ensure we deliver the highest quality services, listenlng to the experts by experience. We will unashamedly push for homely, small projects that are psychologically and trauma informed. Environmental Sustainability We are commltted to becomlng an envlronmentally sustalnable charlty. We wlll do thls through. Reducing our carbon footprint. Improving our recycling. Building awareness across colleagues and the people we support around environmental sustainability. Direct attion with colleagues and people we support- we will encourage the people we support to take greater ownership of their own environment. Influence sector- we will actively promote our environmental artivities and join in partnerships across the sector which improve our environmental sustainability. Bicycle scheme / elettric/hybrid vehicles We will develop a plan to move Llamau's vehicles to hybrid/electric vehicles over the next 3-5 years. Some of our current plans for the future year include work on the following: • Achieve CIW (Care Inspectorate Wales) registration for our first Children's Home in the Vale of Glamorgan, ready to welcome the first young people in July 2024.
Page 24 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Endod 31 March 2024 • Maintain our SPF (Shared Prosperity Fund) and JGW+ (Jobs Growth Wales +) Contracts to support delivery in I&E and Education at Llamau Updated MW. • Expand our digital offer In Education at Llamau to meet the needs of some of our learners, support further independence of learning and increase revenue. • Create a Citizenship, Arts, Heath and Sports curriculum to support I&E delivery across Llamau. • Re-design our volunteer offer to be more relevant to the people we support utilising new funding streams. • The opening of new 24hr supporting accommodation in central and south Powys for young people leaving care. • Embed the Ty Sylvi step-down provision and ensure that our young care leavers develop the right life and budgeting skills to enable them to sustain a sole tenancy. Continue to support those who have been through the program to settle into the communlty and Into their own longer-term accommodation. • Challenge void levels when local authorities are not utilising spaces or Housing Associations are not completing timely repairs. • Continue to implement the IRIS exit plan to minimise any potential adverse impatt on the substantial progress achieved by those currently receiving support from the IRIS programme. Support our IRIS colleagues with redeployment opportunities and work to minimise the gap the loss of this service will have for people experienclng domestlc abuse accessing support. We will also continue to work with the Aneurin Bevan Unlverslty Health Board around the development of a new model for Gwent, in the hope some future provlsion will be provided within primary care. + Introduce the Safepoint Lone Worker Safety App, currently under trial across some of our more rural based services. Continue to work to develop and embed Supported Lodgings across Caerphilly and Torfaen. We will look at further options to phase out our older Cardiff projects where possible and look to Increase financial efficiency. Look to work in partnership with both Housing and Childrens Services within Cardiff to improve the transitions for young people coming into our accommodation and ensuring the right levels and options of support are available to them. Continue to negotiate with Local Authorities on a full cost recovery system that allows for additional payments for extra staff. Conduct a strategic review of Housing First 4 Youth strategic development plan for Housing First 4 Youth 2.0. Undertake service preparation for new and existing services tendering. setting out our Upstream Cymru remains a particular focus for potential growth, and we will; Further consolidate and ensure the robustness of our data collection and seek a consistency of collection across EIIPS.
Page 25 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Yaar Ended 31 March 2024 Liaise further with Fundraising to attract further income into Upstream to bolster the management of the programme as it expands. Identify local authority partners and schools for the next developments. Continue to be the strategic lead for Upstream across the UK, ensuring the fidelity of the rnodel is sustained and further support our partners in the other nations of the UK.
Page 26 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Reference and administrative details Charity Number 701772 Company Number 2396224 Principal & Registered Office 23 Cathedral Road, Cardiff, CFII 9HA Auditors Azets Audit Services Ty Derw, Lime Tree Court, Cardiff Gate Business Park, CF23 8AB Bankers Barclays Bank PLC Cardiff Business Centre, I St Davld's Way, St David's Centre, Cardiff, CFIO 2DP Solicitors Hugh James Solicitors 18119 High Street, Cardiff, (formerly Loosemores) CFIO IPT Investment Advisors Charities Aid Foundation 25 Kings Hill Ave, Kings Hill, West Malling, ME19 4TA Directors and Trustees The directors of the charitable company (the Charlty) are Its Trustees, for the purpose of charlty law and throughout this report they are collectively referred to as the Trustees. The Trustees serving throughout the year and since the year-end were as follows: Chair Prof Peter Mackie Vice Chair Mrs Wendy Richards Dr Adrian Peters (Retired 15 November 2023) Treasurer Mr Thomas Breed Trustees Ms Helen Claire Cotter Ms Cath Doman Ms Rachel Ford-Evans Mr Ranjit Ghoshal Ms Amy Harmsworth Ms Rebecca Kentfield Ms Joanna Morgan Mr Simon Williams Mr Jon Belcher (Appointed 15 November 2023) (Appointed 15 November 2023) (Appointed 15 November 2023) (Appointed 15 November 2023)
Pag8 27 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Mr Damian Bridgeman Secretary and Chief Executive Frances J Beecher
Page 28 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Structure, Governance and Management Governing Document Llamau is a company limited by guarantee governed by its Memorandum and Articles of Association dated 19th June 1989, as amended 26th January 2013. Llamau is also a charity registered with the Charity Commission. Appointment of trustees As set out in the Articles of Association the Chair, Vice Chalr, Treasurer and Company Secretary are elected by the Trustees. The collettive name for the trustees is the Board of Trustees. The Board of Trustees have the power to co-opt up to two further members in any one year. Trustees are recruited through a comblnatlon of adverts and referrals. They are appointed for three-year perlods but may be re-elected. All members are circulated wlth invitations to nominate Trustees prior to the AGM advlsing them of retiring trustees and requesting nominations for the AGM. A target of three new members of the Board of Trustees is set in each three-year period to foster renewal. When considering co-opting Trustees, the Board of Trustees has regard for any specialist skills required, following an annual review of skills and experience in line with the key priorities of the business plan. Llamau's Trustees have distinguished careers in a wide variety of activities and are selected based on thelr skills, experience and expertise. There is an expectation that Trustees will add significant value to the work of the charity and its long-term governance. They do not receive any remuneration for their roles as Trustees and they all hold (as with all relevant employees) an enhanced DBS, due to the nature and environment in which Llamau operate. Trustee induction and training All new Trustees undergo an induction programme, which includes if appropriate: 'A visit to the Cardiff central office to meet with the Chief Executives, Operational Directors, Finance Director, Heads of Service and Managers, site visits. Induction and governance guidance via Llamau's comprehensive induction pack for Trustees, and. Any other tralning which may have been highlighted in the skills audlt. In addition, an induction pack is given to all new trustees, which includes policy and procedures such as Declaration of Interest, Equal Opportunities and Confidentiality. In addition to this, all new Trustees are issued with a Financial Governance pack which ensures that they are aware of the responsibility they have for overseeing the organisations finances. Finance updates are then sent out annually to ensure trustees are focussed on key financial monitoring. The Trustees
Page 29 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 also receive regular updates during the year on areas of regulation around Llamau's work and responsibilities, to ensure their knowledge is current and they can continue to make informed decisions. These sessions take place prior to each Board Meeting and have covered areas of Finance and Investment, VAWDASV, Fundraising regulation and Psychologically Informed Environments. Following the AGM, each year a skills audit Is carried out by the Chair and Chief Executive. This seeks to identlfy any training needs for existing Trustees, highlight any future skills required of potential new members and ensure that the board regularly asks questions of itself and challenges itself as to the way forward. Discussion around the skills audit. good governance and ways to keep improving forms part of the discusslon at Board Away Days. As part of good practice all Trustees are encouraged to renew their skills where appropriate by undertaking recommended training. Organisation The Board of Trustees, which can have up to 12 members , administers the Charlty and sets the overall mission, direction and strategies of Llamau. It scrutinises performance in order to secure effective implementation of strategy. Details of implementation and execution of which, are the responsibility of the senior management team led by the Chief Executive. This ensures that: l. The organisation stays focused on Its misslon and strategyi 2. Key strategic and policy declslons are made by the Board; and 3. Support and construttive challenge Is given by the Trustees to the senior management team, in particular the Chief Executive. The Board meet every slx to eight weeks and holds two strategic Board away days each year. Related parties All interests are required to be declared and signed in the Trustees Declaration of Interests pro-forma as requlred under Llamau's Code of Governance. A Conflict of Interest register is kept and updated annually or when appropriate. In addition, all Trustees are required to declare any interest pertinent to the agenda at all Board Meetings. During the year, the organisation received a donation from The Huggard Charitable Trust of which the Dlrector of Finance is a Trustee. Key Management Personnel The Trustees consider that key management personnel for the flnancial year were the senior staff of Chief Executive (F.J Beecher), Deputy Chief Executive (S Austin), Director of Finance (A Chiplen), Director of Operations (S Lewis, & Y Connolly) and
Page 30 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Director of Fundraising and Communications (S Sallis [Resigned lune 2023] and S Bass [appointed July 2023]). Pay Policy for Senior Staff Salary for the Chief Executive is determined by the Remuneration Committee of the Board of Trustees and approved by the full Board. All other staff salaries are allocated to pay scales which are approved by the Chief Executive. Employment Policies We recognise that the organlsation should be more diverse and have been actively exploring ways in which we can become more attractive as an employer to minority groups, which will strengthen our organisation at all levels. Llamau's policy is to glve full and falr consideration to applicatlons for employment made by disabled persons, having regard to their particular aptltudes and abilities. Disabled employees receive appropriate training to promote their career development withln the charity. Employees who become disabled are retaSned In their existing posts where possible or retralned for suitable alternative posts. Regular meetings are held between senior management and employee representatives to discuss matters of concern. Employees are kept well informed about the progress and position of the charity by means of regular departmental meetlngs. Risk Management Llarnau considers itself a 'risk intelligent, organlsation. taking appropriately managed risks in an increasingly difficult environment. Our risk register and risk management procedures are fully embedded within the organisation. Llamau's risk action plan has been fully integrated into risk management procedures. The purpose of the Internal Audit/Quality Assurance (IA/QA) subgroup is to oversee the delivery of effective audit and quality assurance within Llamau and review our systems, controls and processes. This is to ensure that there is an additional tier of internal as well as independent scrutiny to give us further confidence that Information, systems and processes within Llamau are reliable. Our annual IS09001 audit was successfully completed. As the organisation has once again grown, a Head of Quality Assurance and Internal Audit has been appointed. The IA/QA audlt subgroup ensures that: Effective audit functions are in place (both external and internal); Adequate risk management processes are in place. Adequate internal controls are checked. There are limited actions Llamau can take with regard to the biggest risks of Post- Covid and COL crisis, our reliance on short term and inadequate funding and we endeavour to mitigate that risk by:
Page 31 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 Ensuring our own efficiency. Keeping our costs as competitive as possible. Demonstrating our value for money through the added value of the organisation Proving our outcomes are the best; Raising our concerns to Govt and policy makers. Developing partnerships. Looking to share back office functions, and,. Continuing to expand our funding base. Trustees responsibilities in relation to the financial statements The Trustees (who are also directors of Llamau for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requlres the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the Incoming resources and application of resources, Including the income and expenditure of the charitable company for that year. In preparing these financial statements, the Trustees are requlred to: Select sultable accounting policies and then apply them consistentlyi Observe the methods and principles in the Charities SORP. Make judgments and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charltable company will continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: There 15 no relevant audit information of which the charitable company's auditors are unaware; and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that
Page 32 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2024 the auditors are aware of that information. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Auditors Azets Audit Services were appointed as the charitable company's auditors during the year and have expressed their wllllngness to continue in that capacity. Signed by order of the Trustees Prof Pete Mackie Chalr Appmved by Trustees on 19th September 2024
Page 33 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF LLAMAU Year Ended 31 March 2024 Opinion We have audited the financial statements of Llamau (the 'charity') for the year ended 31 st March 2024 which comprise the statement of financial activities, the balance sheet the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31st March 2024 and of its incoming resources and application of resources, for the year then ended. have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audrtor's responsibilities for the audit of the financial statements section of our report. We are independent of the charty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis ft)r our opinion. Conclusions relating to going concem In auditing the financlal statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any materlal uncertainties relating to events or conditions that, individually or collectively, m8y cast significant doubt on the charty's abilty to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
Page 34 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LLAMAU Y8ar Ended 31 March 2024 We have nothing to report in this regard. Opinions on other matters prescribed by the Companie5 Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the trustees report, which includes the di rectors, report and the strategic report prepared for the purposes of Gompany law, for the financial year for which the financial statements are prepared is consistent with the financial statements., and the strategic report and the directors, report included within the trustees report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding ofthe charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors, report included within the trustees report. We have nothing to report in respect of the ft)Ilowing matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns- or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the Information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparats'on of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit Gonducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at= https: 11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditors report.
Page 35 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LLAMAU Year Ended 31 March 2024 Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities. including fraud, are instances of non<ompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risk5, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to appliGable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with18ws and regulations, including fraud, we design8d procedures which included.. .Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, su8p8Cted and alleged fraud; .Reviewing minutes of meetlngs of those charged with governance., .Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection,. .Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; .Performing audit work over th8 risk of management bias and overrlde of controls, including testing of joumal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estlmates for Indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-eompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non- complianGe. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Andrew Howells (Senior Statutory Auditor) for and on behalf of Azets Audit Services Ty Denm. Llme Tree Court, Cardiff Gate Business Park. Cardiff CF23 8AB Chartered Accountants statutory Auditor
Page 36 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (Includlng the Income and Expenditure Account) Year Ended 31 March 2024 Unrestricted Funds Restrlcted Total Funds Total Funds Funds 2024 2023 Note Income and Endowments from: Donations and Legacies 303,225 1,124,663 1,427,888 1,525,007 Investment Income 38,746 38,746 20,281 Charitable Activities 14,747,568 5,601,815 20,349,383 19,339,775 Fixed Asset Disposal Total Incoming Resources 15 090 887 6 726 478 21 817 365 20 885 063 Resources Expended on: Ralslng Funds 505,853 505,853 434,306 Charitable Actlvltles 15 449 603 6 781 488 22 231091 20 437 662 Total Resources Expended 15 955 456 6 781 488 22 736 944 20 871 968 Net (Loss)/Galn on Investments 40,057 40,057 (61,151) Net Movement in Funds (824,512) (55,010) (879,522) (48,056) Reconclllatlon of Funds Total funds brought forward 17,18 6 813 787 290 565 7 104 352 7 152 408 Total funds carried forward 18,19 5 989 275 235 555 6 224 830 7 104 352 The charity has no recognlsed galns or losses other than the results for the year as set out above. All of the activitles of the charfty are classed as continuing. The Statement of Financial Activities also complles with the requirement for an income and expenditure account under the Companles Act 2006. The notes on pages 40 - 56 form part of these financial statements
Page 37 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 2396224 BALANCE SHEET At 31 March 2024 2024 2024 2023 2023 Note FIXED ASSETS Tangible Assets 1,998,121 2,041,705 Intangible Assets io Investment5 1 257 715 1 404 310 3,255,836 3,446,015 CURRENT ASSETS Debtors li 2,781,75S 2,837,569 Cash at Bank I In Hand 1 592 497 2 395 209 4,374,252 5,232,778 CURRENT LIABILITIES Credltors: Amounts falllng due within one year (1,377,468) (1,509,151) 12 NET CURRENT ASSETS 2,996,784 3,723,627 Credltors: Amounts falllng due after one year (27,790) (65,290) 13 NET ASSETS 19 6 224 830 7 104 352 FUNDS Unrestricted General Funds Designated Funds 17 5,989,275 6,513,788 300.000 Restrlcted 18 235,555 290 564 19 6 224 830 7 104 352 These financial statements were approved by the members of the committee on the 19th of September 2024 and are signed on their behalf by: Prof Pete Mackie - Chair Mr T Breed - Dlrector The notes on pag88 40- 56 form part of thes8 financial Statements
Page 38 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASHFLOWS Year Endad 31 March 2024 2024 2023 Net Cash provided by/(used in) Operatlng Activitie5 (829,331) 223,342 Cash Flows from Investing Activities Dividends, Interest and rents from inve5tment5 38,746 20,281 Proceeds from the sale of property, plant & equipment Purchase of Assets (159,159) (189,683) Proceeds from Sales of Investment5 184,532 1,367,599 Purchase of Investments (1,406,980) Net Cash provlded by/(used in) Investlng Actlvltles 64,119 (208,783) Cash Flows from Flnanclng Actlvltles Repayment of Borrowlng Cash inflows from New Borrowing Receipt of endowment (37,500) (43,738) Net Cash provided by/(used In) Flnanclng Actlvltles (37,500) (46,738) Change In Cash and Cash Equlvalents In the Reporting Period 802 712 Cash and Cash Equlvalents at the beglnnlng of the Reporting Perlod 2,395,209 2,427,388 Cash and Cash Equivalents due to exchange rate movements Cash and Cash Equivalents at the end of the Reportlng Perlod 1 592 497 2 395 209 Reconciliatlon of net income/(expenditure) to net cash flow from Operating Activities 2024 2023 Net Income/(Expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for Depreciation Charges Gains/{Losses) on Investments Dividend, interest and rents from investments Loss/(profit) on the sale of Fixed Assets (879,523) (48,056) 202,743 {3¥760) (38,746) (1.348) 233,087 100,532 (20,281) The notss on pages 40 - 56 form part of these financial statements
Paga 39 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASHFLOWS Year Ended 31 March 2024 (Increase)/decrease in debtors Increase/(decrease)in creditors 55,814 {135,511) (109,171) 67,231 Net Cash provlded by/{used In) Operatlng Activities 829 331 223 342 Analysis of Net Cash 2024 2023 Cash In Hand Bank Loans falling due within l year Bank Loans falling due after more than l year 1,592,497 (37,053) 2,395,209 (33,225) 1 527 654 2 296 694 The notes on pages 40 - 56 form part of these financial statoments
Page 40 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Yaar Ended 31 March 2024 I. ACCOUNTING POLICIES Llamau is a private company Ilmlted by guarantee Incorporated in England and Wales. The RegiSted office is 23-25 Cathedral Road, Cardiff, CFII 9HA. The following accounting policies have been used consistently in deallng wlth Items whlch are consldered materlal in relation to the charity's fina ncial statements. Accounting Policies Basls of Preparation The accounts have been prepared In accordance with the charlty's Memorandum and Articles and Assoclatlon, the Companies Act 2006 and "Accounting and Reporting by Charltles: statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commenclng from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. Roundlng Figures contained in the flnanclal statements have been rounded to the nearest pound. Preparation of the accounts on a golng concern basls The charity reported a net outflow of £822,431 of unrestrlcted funds for the year, wlth a net outflow of £57,092 restricted funds, thi5 resulted in a total net outflow of £879,523 for the year. Thls charlty has sufficient free reserves and is monitoring results on a frequent basls. The trustees are of the vlew that on thls basis the charity is a going concern and there are no material uncertaintles about the charity's ablllty to contlnue a5 a going concern. Flnanclal Instruments The charlty has eletted to apply the provlsions of Sectlon 11 'Basic Financial Instruments. and Sectlon 12 '0ther Flnancial Instruments Issues, of FRS 102 to al l of Its financial Instruments. Flnanclal Instruments are recognised In the charlty's balance sheet when the charity becomes party to the contractual provisions of the Instrument. Flnancial a55et5 and liabilitie5 are offset, with the net amounts presented In the flnanclal statements, when there Is a legally enforceable right to Set off the recognised amounts and there is an intentlon to settle on a net basis or to alIse the asset and settle the liability simultaneously. Baslc flnanclal assets Basic financlal assets, whlch include debtors and cash and bank balances, are initially measured at transaction price includlng transactlon 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 recelvable within one year are not amortlsed, Impalrment of financial assets Financial assets, other than those held at falr value through income and expendlture, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the Inltlal recognltion of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the Impalrment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the a55et's original effective interest rate. The impairment loss is recognlsed In net income / lexpenditure) for the year. If there is a decrease in the impaimient 1055 arising from an event occurring after the impairment was recognlsed, the impairment is reversed. The reversal is such that the current
Page 41 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 carying amount does not exceed what the carrylng amount would have been, had the iTnpairment not previously been recognised. The impairment VerSal Is recognised in net income/ (expenditure) for the year. Derecognltlon of flnanclal 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 a55et and substantially all the rlsks and rewards of ownershlp to another entity, or If some slgnlflcant rlsks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset In Its entlrety to an unrelated thlrd party. Baslc flnanclal Ilabllltles Basic financial liabilities, includi ng 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 dlscounted 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 services that have been acquired in the ordinary course of operatlons from suppllers. Amounts payable are classlfled as current Ilabllltles If payment Is due within one year or less. If not, they are presented as non-current liabilities. Trade credltors are recognlsed Inltlally at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are dlscharged or cancelled. Penslons The charlty operates a deflned contrlbutlon scheme for the benefit of Its employees. The assets of the scheme are held separately from those of the charity. Contributions payable are charged to the proflt and loss account In the year they are payable and are charged against unrestritted funds Rédundancy Any redundancy payments are recognised when the redundancy payments are made to the exltlng employees. Taxatlon As a reglstered charlty, Uamau is entitled to the exemption from taxation in respect of Income and capital gains received with sections 478-489 of the Corporation Tax Act 2010 and section 256 of the Taxatlon of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects purposes only. Incoming resources Income Is recognlsed when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and It Is probable that Income will be received. Grants Grants are included on a receivable basis. Those given for a specific purpose are shown as restricted funds. All other grants are shown as unrestricted and used in the furtherance of the objectlves of the charlty Donations Income Donations and similar incoming resour$ are recognised when they are received. Any donations In klnd are Included as Income at a falr value. Donated time by volunteers is not included. Funds General fund5 are unrestricted funds which are available for use at the discretion of the trustee5 in furtherance of the general objects of the charity and which have designated for other
Page 42 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Yaar Ended 31 March 2024 purposes. Deslgnated funds comprise unrestricted funds that have been set aslde by the trustees for particular purpose5. Restricted funds are those which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restrlcted fund Is set out in note 18. Resources expended Costs of charitable actlvltles Include the direct costs of running the facilitie5 and providing staff for the various schemes. Llabllltles are recognlsed as resources expended as soon as there is a legal or constructive obllgation committing the Charity to the expenditure. As the Charity is not registered for VAT all tax suffered is included as part of the relevant expense. Governance costs are the costs associated with the governance of the Charity as opposed to the costs associated with charltable actlvltles. Such costs Include legal fees for Trustees, audit and accountancy fees, staff time spent arranging Trustee meetlngs and other costs assoclated with constitutional and statutory requirements. Support costs Include central functions and have been allocated to actlvlty cost categorles on a basis consistent with the use of resources, for example, allocating property COSts by floor areas, or per capita, staff costs by the time spent and other cost5 by theSr usage. Prepayments Items of advance expenditure over £500 in value are classified a5 prepayments and are held on the balance sheet wlth expendlture released to the Income and expenditure account In equal instalments over the duration of the seNlce. Operatlng Leases Rentals payable under operating leases are charged in the statement cf flnancial activitles on B straight line basis over the lease term. Flnance leases Leases are classlfled as flnance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownershlp to the lessees. All other leases are classlfied as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of Inceptlon and the present value of the minimum lease payments. The related liability is included In the balance sheet as a finance lease obligation. Lease payment5 are treated as consisting of capital and interest elements. The Interest Is charged to net Income/ (expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. Investments Inve5tment5 income is accounted for on an accruals basis. Income will be accrued when it is expected, Is measurable and relates to the activity undertaken in the financial year. Any investments that are held for resale or pendlng thelr sales are classed as current asset Investments. Investments are a form of baslc financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date uslng the closlng quoted market price. Gains and losses arising on the disposal of investments and the revaluation to market value are charged or credited to the Statement of financial activities in the year. The main form of financial risk faced by the chartty is the volatility in equity market5 and investment market5 due to wider econornic condition5. Flxed Assets
Page 43 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 All tangible fixed assets are capitalised on initial acquisition and included in the balance sheet at cost. They Include costs that are dlrectly attrlbutable to brlnglng the assets Into worklng condltion for thelr intended use. Depreciation Depreciation is calculated so as to write off the cost of an asset, les5 its estimated residual value, over the useful economlc Ilfe of that asset as follows: Freehold Property 50 Years Straight Line Office Equipment 5 Years Straight Line Flxtures, Flttings and refurt)i5hment 4 Year5 Straight Line Motor Vehicles 4 Years Straight Line Information Technology Equipment 3 Years Straight Line Impalrment of fixed assets Recoverable amount Is the hlgher of falr value less costs to sell and value In use. In assesslng value in use, the estimated future cash flows are discounted to their present value using a pre- tax discount rate that refletts current market assessments of the time value of money and the risks specific to the asset for which the estlmates of future cash flows have not been adjusted. If the recoverable amount of an asset Is estlmated to be less than Its carrylng amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ (expenditure) for the year, unless the relevant asset is carried at a revalued arnount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment Ioss subsequently reverses, the carrying amount of the asset Is Increased to the revlsed estlmate of Its recoverable amount, but so that the increased carying amount does not exceed the carrying amount that would have been determlned had no impairment Ios5 been recognised for the a55et in prior years. A reversal of an impairment loss Is recognised immediately, unless the relevant asset is carried In at revalued amount, In whlch case the reversal of the Impalrment loss Is treated as a revaluatlon Increase. Intanglble flxed assets other than goodwill Intangible assets acquired separately from a business are recognlsed at cost and are subsequently measured at cost less accurnulated amortisation and accumulated impalrment losses. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over thelr useful Ilves on the followlng bases: Computer software 3 Years CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptlons about the carrylng amount of assets and Ilabllitles that are not readily apparent from other sources. The estimates and a550ciated assumptions are based on historical experience and other fattor5 that are considered to be relevant. Actual results may differ from these estlmates. The estimates and underlying assumptions are reviewed on an ongoing basi5. Revision5 to accounting estimates are recognlsed In the perlod In whlch the estlmate Is revlsed where the vision affects only that period, or in the period of the revision and future periods where the revision affects both cUrnt and futu periods.
Page 44 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 INVESTMENTS Unrestricted Funds Restrlcted Total Funds Total Funds Funds 2024 2023 Interest on cash deposits Galn on Investment 38.746 38.746 20,281 Unrestrlcted Unrestricted 2024 2023 Balance at 1st April 2023 Addltlons Disposals Unrealised Gain Realised Gain 1,404,310 1,465,461 1,406,980 (181,996) (1,406,980) (23,006) Balance as at 31st March 2023 1 257 715 1 404 310 The Trustees have aged to Invest funds vla the Charities Aid Foundation (CAF) across two schemes. CAF have appointed LGT Wealth Management UK LLP a5 the investment manager for all CAF funds and therefore our funds were transferred to LGT. We retalned two portfollos, both are for Investing for Capital Growth, both with low risk profiles although the smaller portfollo was closed wlthln the year. The Trustees continue to monitor performance and the risk/reward of the investment portfollos. GRANTS AND OTHER FUNDING For details of deferred Income See note 12 Unrestrlrted Funds Restrlcted Total Funds Funds 2024 Total Funds 2023 Donations and Legacies 29th May 1961 Charitable Trust Admlral Asstd Trust Donations <£5k BBC Children In Need Cardiff 3SC Cardiff Council Centrepoint Communlty Foundation Wales Donations & Fundraising <£5k Esmee Fairbairn Foundatlon Garfield Weston Foundation GAVO Gift Aid Claimed GC Gibson Charitable Trust Great Westem Railway Hodge Foundation Huggard Charitable Trust Jenour Foundation 5,000 50,000 58,200 16,864 18,000 58,200 17,364 18,000 500 41,630 4,635 24,999 70,419 2,340 363,903 33,000 45,000 15,926 2,337 64,767 67,104 260,701 10,232 270,933 13,566 13,566 2,500 5,000 10,000 5,000 10,000 4,000 2.000 4,000 2,000 29,000 2,000
Page 45 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 LandAid Mary Homfray Charitable Trust Merial Gwyneth Lea Charitable Mess Up the Mess Moondance National Lottery Comm Fund Noel Buxton Charitable Puffin Group Rayne Foundation Simon Gibson Family Charitable Trusts Slr Halley Stewart Trust Swansea Councll Waterloo Foundation WCVA Welsh Gov DA Grant West Glam Region Partnershlp Total Donatlons and Legacies 71,250 5,000 10,000 4,375 71.250 5,000 10,000 4,375 10,000 13,887 75,659 529,465 757,612 3,000 757,612 3,000 17,121 17,121 15,255 10,000 5,000 18,039 2,200 55,000 40,885 3,177 3,000 5,000 8,000 10,108 10,108 19,167 19.167 303,225 1,124,663 1,427,888 1,525,007 Unrestrlcted Funds Restrlcted Total Funds Funds 2024 Total Funds 2023 Charitable Activities Cardlff CC - RISE CCBC Soclal Servlces Childrens Services De-brlefing Contrarts Education Fundlng Famllles Flrst Fundlng Health Houslng Support Grant Insplre 2 Work Local Authority Sectlon 180 Ministry of Justice Newport CC - IDVA Services other Income PAT Testing Rent & Servlce Charges Shared Prosperity Fund Supported Lodglngs Income Symud Ymlaen Moving Forward Tenancy Support Schemes Tralnlng Income VAWDASV Welsh Gov. Bereavement Support Welsh Gov. Transitional Fund Welsh Gov. Section 180 Total Charltable Actlvltles 191,564 135,830 1,715,849 390,839 334,227 301,969 196,158 191,564 135,830 1,715,849 390,839 334,227 301,969 196,158 8,925,937 1,772,741 138,916 847,085 382,197 202,826 306,999 248,914 7,191,816 15,764 18,720 536,922 180,450 64,092 30,094 4,929,247 8,925,937 88,383 190,895 88,383 190,895 52,841 32,469 5,371,627 201,104 118,315 52,841 32,469 5,371,627 201,104 118,315 149,577 93,695 263,016 176,398 153,974 163.590 163,590 110.979 110,979 68,927 1,757,880 68,927 1,757,880 68,048 1,116,709 451 575 19 339 775 14 747 568 5 601 815 20 349 383
Page 46 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 COSTS IN FURTHERANCE OF CHARITABLE OBJEcrs Unrestricted Restricted Funds Funds Fund Total Funds raising 2024 Costs Total Funds 2023 Staff Salary Costs Staff Training Rent, Rates, Llght & Heat, Insuran and Cleaning Telephone, Advertising, Postage, Stationery, Printing and Office Costs Repairs, Renewals and Maintenance Travel & Subsistence HA Management Charges Other Costs Grants to Other Organisatlons Governance Depreclatlon/Amortlsatlon 10,709,907 5,489,780 379,524 16,579,211 119,743 40,170 5,172 165,085 15,195,377 154,347 910,144 59,424 1,753 971.321 754,940 359,564 299,446 80,720 739,730 627,789 769.466 872,368 138,823 219,394 1,776,488 1,826,777 178,597 490,265 240,792 543,017 97,454 127,033 148,625 202,743 15 449 603 6 781 488 505 853 22 736 944 102.902 77,410 50,289 301,547 302,225 5,455 711,898 213,987 1,759,048 560,910 526,160 134,425 233 087 20 871968 3,161 10,121 24,124 COSTS OF CHARITABLE ACTIVITIES Activities Undertaken Dlrectly Total Funds 2024 Total Fund$ 2023 Support Costs Charltable Actlvlty Costs 20 224 740 20 224 740 2 006 351 22 231 091 20 437 662 2 006 351 22 231091 20 437 662 TOTAL RESOURCES EXPENDED Total Funds 2024 Total Funds 2023 Stsff Costs Depreelatlon Other Costs Direct Charltable Activities Fundraising 16.199,687 379 524 16 579 211 201,465 5,829,939 22,231,091 20,437,662 125 051 505 853 434 306 5 954 990 22 736 944 20 871 968 202 743
Page 47 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 The aggregate payroll costs were: 2024 2023 Wages and salaries Social security costs Penslon costs 13,868,968 1,199,337 686 886 15 755 191 12,564,051 1, 115,044 648 123 14 327 218 2024 No. 2023 No. The number of employees whose emoluments amounted to more than £50,000 in the year were: £50,001 £60,000 £60,001 £70,000 £70,001 £80,000 £80,001- £90,000 Employer pension contributlons for the above emoluments totalled £27,115. None of the Trustees received any remuneration for their servlces and dld not clalm any expenses. Key Management Personnel The key management personnel of the charity are as detalled In the Trustees report. The total employee benefits (including salary, employer's national Insurance and pension) of the key management personnel of the charlty were £486,420 (2023: £463,946). Penslon deflned contrlbutlon scheme The Charity makes payments to a defined contribution scherne5 for the benefit of its employees. The assets of such schemes are held separately from those of the charltable company in independently administered funds. 2024 2023 Pension costs Outstandlng contrlbutlons 686,886 648,123 Partlculars of employees The average number of full time equivalent staff employed by the charity during the financlal year amounted to: 2024 2023 Management and admlnlstratlon staff Service staff 43 454 497 45 447 492
Page 48 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 OPERATING SURPLUS Operating surplus IS stated after charging: 2024 2023 staff pension costs Operating leases Depreciation/Amortisation Auditors remuneration as auditors for other servlces 686,886 133,396 202,743 648,123 120,942 233,087 15,050 11,680 474 TANGIBLE FIXED ASSETS Freehold property Equlpment Flxtures & Motor Fittings vehicles IT Total COST At l Aprll 2023 Addltlons Disposals At 31 March 2024 2,068,197 2,068,197 39,341 592,191 112,132 660,037 3,471,898 43,114 29,220 86,825 159,159 11,859 11,859 635,305 129,493 746,862 3,619,198 39,341 DEPRECIATION At l April 2023 Ellmlnated on Dlsposal Charye for the year 41,364 At 31 Mar¢h 2024 365,659 324,295 39,272 448,944 78,361 539,321 1,430,193 11,859 11,859 59,809 18,663 82,838 202,743 508,753 85,165 622,159 1,621,077 69 39,341 NET BOOK VALUE At 31 March 24 1,702,538 At 31 March 23 1,743,902 126,552 44,328 124,703 1,998,121 143,247 33,771 120,716 2,041,705 69 10. INTANGIBLE FIXED ASSETS IT Total COST At l April 2023 Additions 92,960 92,960 At 31 March 2024 92,960 92,960 AMORTISATION At l April 2023 Charge for the year At 31 March 2024 92,960 92,960 92,960 92,960 NET BOOK VALUE At 31 March 2023 At 31 March 2024
Page 49 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 11. DEBTORS 2024 2023 Rent debtors Other debtors Prepayments 582.331 1,914,092 285 332 781 755 471,590 2,105,262 260 717 2 837 569 12. CREDITORS: Amounts falling due within one year 2024 2023 Trade Creditors PAYE and Soclal Securlty Payroll & Penslons Creditors Deferred Income & Accruals Tenant Grants Mortgage on Property 417,025 303,059 152,883 465,183 2,265 37,053 378,365 278,111 109,141 668,189 42,120 33,225 1 377 468 1 509 151 Deferred Income carrled forward for use In 2024125 amounts to £164,690. The reason for the referral being, that the conditions to enable the grant to be fully utilised have not been met. 2024 2023 Balance as at 1st April 2023 Income recelved In the year Released to income 405,407 421,619 20,349,383 20,437,661 (20 590 100 _ {20 453 873 164,690 405,407 Balance as at 31 March 2024 13. CREDITORS: Amounts falllng due after one year As part of the SYSHP merger, Llamau have taken on the remalnder of a mortgage on a property in Swansea. Additionally, the remainder of a finan lease on our photocopiers and franking machines. 14. FINANCIAL INSTRUMENTS 2024 2023 Carrying amount of financial assets Investments measured at fair value Debt instruments at amort15ed cost 1,257.715 2 496 423 1,404,310 2 576 852 3 754 138 3 981 162 2024 2023 Carrylng amount of financial liabilities Measured at amortlsed cost 937 509 937 509 890 922 890 922
Page 50 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Y8ar Endod 31 March 2024 15. OPERATING LEASES 2024 2023 Due <1 year Property Photocopiers 128,956 120,942 140 245 131 197 Due 2-5 years Property Photocopiers 148,750 245,000 155 774 Due >5 years Photocopiers 89 89 TOTAL 296 019 398 430 Property Llamau currently lease four propertles wlthln South Wales, and the lease on the two central office properties have been extended to be co terminus. Obllgatlons under flnance leases and hlre purchase contracts: 2024 Future minimum lease payments due under finance leases Amounts payable; withln one year withln two to five years Over five years 11,289 7,024 Photocopiers are held under finance lease arrangements. Finance lease Ilabllltles are secured by the related assets held under finance lea5e5. The lease agreements generally include fixed lease payments and a purchase optlon at the end of the lease term. 16. ANALYSIS OF FINANCE LEASES Finance lease obligation5 are classified based on the amounts expected to be settled within the next 12 months and after more than 12 months from the reporting date, as follows: 2024 Cu rrent Liabilities Non-current Liabilities 11,289
Page 51 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 17. UNRESTRICTED FUNDS At l Aprll 2023 Gain on At31 Transfer Investment March 2024 Income Expenditure General Deslgnated 6,513,787 15,090,887 (15,655,456) 300 000 300 000 6 813 787 15 090 887 15 955 456 40,057 5,989,275 5 989 275 At l Aprll 2022 Galn on Investment At 31 March 2023 Income Expenditure Transfer General Deslgnate 6,395,083 13,136,821 300,000 (12,801,669) (155,296) (300,00) 300,000 (61,151) 6,513,788 300,000 6 695 083 13 136 821 13 101669 144 704 6 813 788 General funds represent unrestricted funds which the trustees are free to use in accordance with charitable objects. At 315t March 2023 the trustees had deslgnated one fund to enable a cost of living increase for colleagues. 18. RESTRICTED FUNDS Balance at l Apr 2023 Incomlng Outgoing Balance at 31 Mar 2024 Admlral Asstd Trust Donatlons <£5k Caerphllly CBC Social Servlces Caerphllly Women's Ald Merger Cardiff CC - RISE Chlldren In Need Chlldren's Servlces Community Fundraising Corporate Glvlng Debriefing Contracts Education Funding Everyyouth Family First Funding Fundralslng Events Great Western Rallway Health Indivldual Glvlng Jane Hodge Foundation Landald Mary Homfray Charitable Trust Meriel Gwyneth Lea Charitable Mess up the Mess Ministry of Justice Moondance Natlonal Lottery Community Newport CC - IDVA Noel Buxton Charitable Simon Gib50n (Inc. GC Gibson) Supported Lodglngs Income 58,200 16,864 135,830 (58,200) (14,781) (135,830) (68,443) (191,564) (12,600) (1,715,849) (2,357) (6,326) (390,839) {334,227) (75,683) {301,969) (700) (5,000) (196,158) (181) (10.000) (71,250) (5,000) (10.000) (4,375) (88.383) (50.275) (658,360) (190.895) (3,000) (5,000) (118,315) 2,083 120,851 52,408 191,564 18,000 1,715,849 3,025 6,326 390,839 334,227 64,767 301,969 700 5,000 196,158 181 10.000 71,250 5,000 10.000 4,375 88,383 5,400 4,332 5,000 10,916 71,108 50,579 20,833 149,831 757.612 190,895 3,000 5,000 118,315
Page 52 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEIVIENTS Year Ended 31 March 2024 Swansea Council VAWDA5V Waterloo Foundation (LTPF) WCVA West Glam Regional WG Bereavement Support WG Transitional 1.993 10,108 110,979 (12,101) (110,979) (27.445) (22,508) (56,088) (68,927) 1 757 880 6 781 488 27,445 3,341 19,167 56,088 68,927 1 757 880 726 478 290 565 235 555 Balance at I Apr 2022 Incoming Outgoing Balance at 31 Mar 2023 Barclays- Counselling Caerphilly Women's Ald Meryer Caerphilly CBC Cardiff CC Coun5elllng Donations and Fundraising Emphasis EYHC Everyyouth Family First Funding Garfield Weston Foundation Health Huggard Charitable Trust Supported Lodgings Inspire 2 Work Learnlng for Llfe Acr Level the Playing Fleld Ministry of Justice Newport CC - IDVA Pollce & Crlme Commissioners S180 WG Transitional Funding Social Services Symud Ymlaen/Moving Forward My Way Home MoonDance Step Into Programme Upstream Cymru VAWDASV Vale 5180 Welsh Gov Capltal Warm Spaces WCVA WG Bereavement Support 95,000 146,356 (95,000) (25,505) (138,916) (1,797,740) (56,088) (54,057) (10,000) (47,039) (59,503) (306,999) (45,000) (248,914) (25,000) (149,577) (15,764) (202,826) (57,004) (536,922) (180,450) (382, 197) (451,575) (1,116,709) (847,085) (93,695) (379,486) (4,551) (136,078) (43,333) (157,151) (18,720) (144,704) (207) (19,159) 120,851 138,916 1,797,740 56,088 49,906 10,000 47,039 70,419 306,999 45,000 248,914 25,000 149,577 15,764 202,826 55,000 536,922 180,450 382,197 451,575 1,116,709 847,085 93,695 430,065 75,659 136,078 10,000 157,151 18,720 8,483 4,332 10,916 29,449 27,445 50,579 71,108 33,333 144,704 2,200 22,500 1,993 3,341 457 325 7 748 242 7 915 002 290 565
Page 53 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 Admlral Funding to support our Educatlon@Llamau provision with Learning Coaches, with some funding towards the Llamau Festivals. Asstd Trust Donations These donations were each £3,000 or le55 and covered a number of projects, predomlnantly our Involvement and Engagement actlvltles. The outstandlng balance will cover our Food Vale project into 2024125. Caerphilly CBC - Social Servlces Funding from Caerphilly CBC to provide three workers for our Upstream Cymru work in the Caerphllly area. Additionally, our Domestic Abuse Homeless Preventlon worker. Caerphilly Women's Ald Merger Reserves of Caerphllly Women's Ald held as a result of the merger between the two charltles In the financial year ended 31 March 2011. Cardiff CC - RISE Funds to dellver houslng related support servlces to domestlc abuse services In Cardiff. These services are delivered in the RISE partnership with BAWSO and Cardiff Women's Aid. Chlldren In Need Fundlng to support out Involvement and Engagement programme. Children's Services A number of our servlces across Wales are funded by Chlldren's Servlces departments including services within Bridgend, Caerphilly, Cardiff, Merthyr, Neath Port Talbot, Torfaen and the Vale of Glamorgan. Communlty Fundraislngi Corporate Givingi Fundralslng Events and Individual Glvlng These comprise a number of donations, each of less than £5,000 from public fundraising. These donatlons have supported Involvement and engagement sesslons and the Llamau festivals. Debrleflng Contracts Funding to develop and supply an Independent Debriefing and Mediation service to Young People reported mlsslng In the Gwent Pollce and Dyfed Powys Pollce Authorlty areas. Education Fundlng Support through Work Based Learning and donation5 to support our Educatlon at Llamau programme. Famllies First Funding This funding was awarded to support Children and Young People affected by Domestlc Abuse under the Inclusion and Support Service. Great Western Railway A one off grant awarded to support our Counselllng servlces. Health Funding to support projects such as IRIS which are primarily Health Based, 5UPPOrting victims of Domestic Abuse and people we support who need support with their emotional and mental health. Jane Hodge Foundation A one off grant awarded to 5UPPOrt out Upstream Cymru project. Landald Funding to support a renovation to the layout and usage of space in one of our oldest houslng projects. Mary Homfray Charitable Trust A one off grant supporting our Involvement and Engagement work. Meriel Gwyneth Lea Charitable Trust
Page 54 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year End8d 31 March 2024 A donation to support the renovation works in one of our houslng projects. Mess Up The Mess Funding to support continued work in our Education@Llamau programme. Mjnistry of Justlce A pilot project for Prison Leavers to tackle issues of homelessness when individuals are released from the prison estate. Moondance Funding towards a Wellbeing Colleague supportlng our colleague team. National Lottery Community Fund Our My Way Home project funded by the Natlonal Lottery Community Fund supporting a five year multi-organisation approach to homelessness for young people In Cardiff. Llamau are the lead partner. Newport CC - IDVA The provislon of an IDVA (Independent Domestic Violence Advlser) servlce In the Gwent area. Noel Buxton Charltable Funding to support our Domestlc Abuse Volunteerlng programme. Simon Gibson Charltable Trust (Includlng the Gibson Famlly Charltable Trusts) Funding towards our Education@Llamau programme. Supported Lodgings scheme Is deslgned to bridge this gap between adolesnCe and adulthood. Swansea Council This included the balance of the Warm Spaces fundlng from 2022123 with a new Coastal grant. Vlolence agalnst women, domestlc abuse and sexual vlolence (VAWDASV) The Violence against Women, Domestic Abuse & Sexual Violence (Wales) Act 20 15 focusses on the preventlon of these issues, the protectlon of vlctlms and support for those affected by such Issues. Waterloo Foundatlon - Level the Playing fleld The aim is to make a sltuatlon or activity more fair and balanced by giving an extra advantage or opportunity to those who would normally be at a disadvantage, or by attempting to take away or diminish advantages, WCVA Funding towards our mentoring programme. West Glam Reglonal Partnership Fundlng toward5 counselling services in the West of Llamau's support areas. WG Bereavement Support Fundlng from the Welsh Government to support a Bereavement Counsellor, WG Transltlonal Funding Funding from Welsh Government under their Transitional Funding programm supportlng new Initiatives to tackle homelessness. 19. ANALYSIS OF NET ASSETS (between restricted and unrestrlcted funds) Net Current Assets less Creditors over l year Tangible Intangible Fixed Asset Flxed Asset Investment Total Caerphilly 52,408 52,408
Page 55 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 Women's Aid Children In Need C&V UHB Moondance Bursary schemes My Way Home 5,400 2.083 20,833 5,000 149 831 5,400 2.083 20,833 5,000 149 831 Restricted Funds 235.555 235,555 Unrestricted Fund 1.998,121 1,257,715 2,733,439 5,989,275 Total Funds 1998 121 1 257 715 2 968 994 6 224 830 revi Net Current Assets less Credltors over l year Tangible Intanglble Fixed Asset Fixed Asset Investment Total Caerphllly Women's Aid Moondance Level The Playlng Field Donatlons & Fundraising Bursary Schemes My Way Home WCVA Mentoring 120,851 71,108 120,851 71,108 27,445 27,445 6,325 10,916 50,579 6,325 10,916 50,579 Restricted Funds 290,565 290,565 Unrestrfcted Fund 2,041,705 1,404,310 3,367,772 6,813,787 Total Funds 2 041,705 1 404 310 3 658 337 7 104 352 20. RELATED PARTY TRANSACTIONS There were two {2023: one) related party transactlond during the year. An unrestricted donation for £4,000 was received from the Huggard Charltable Trust - Mr A Chlplen (Dlrector of Finance) is a trustee of the Huggard Charitable Trust. Additionallyi Prof Peter Mackie (Chalrman) works for Cardiff University who are supportlng the My Way Home project by completlng monltorlng and research. 21. COMPANY UMITED BY GUARANTEE The Charity is a company limited by guarantee with no share capital. 22. PRIOR YEAR COMPARATIVES - 2023
Page 56 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted TOTAL Income and Endowments from: Donations and Legacies 461,877 1,063,130 1,525,007 Investment Income 20,281 20,281 Charltable Actlvltie5 12,654,663 6,685,112 19,339,775 Total Incomlng Resources 13 136 831 7 748 242 20 885 063 Resources Expended on: Ralsing Funds 434,306 434,306 Charltable Actlvltles 12,667,363 7,770,299 20,437,662 Total Resources Expended Net Galn on Investment 13 101 669 7 770 299 20 871 968 (61,151) (61,151) Transfer of Funds 144,704 (144,704) Net Movement in Funds 118,705 (166,761) (48,056) Reconclllation of Funds Total funds brought forward 6,695,083 457,325 7,152,408 Total funds carrled forward 6 813 788 290 565 7 104 352