Llamau Imagine a World Without Homelessness LLAMAU LIMITED A company Ilmited by guarantee Report and Financlal Statements Year Ended 31 March 2025 Charity Number 701772 Company Number 2396224 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL sTATEME￿rs Yoar End•d 31 March 2025 CONTENTS PAGE Trustees, annual report incorporating the strategic report Reference and administrative details 25 Independent auditor's report 31 Statement of financial activities 35 Balance sheet 36 Statement of Cash Flows 37 Notes to the financial statements 39 Page 3 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 The Trustees are pleased to present their annual directors, report together with the financlal statements of the charity for the year endlng 31 March 2025 whlch are also prepared to meet the requlrements for a dlrectors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accountlng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102) effectlve l January 2019. Mission and Vision Llamau's mls5ion 15 to end youth hornelessness and homelessness for women and thelr famllles. That means that we want to make homelessness rare, brief and non-recurrent. We believe that no-one should experience homelessness. We will work with the settor and partners to achieve this. Uamau's aims and strategy are revlewed annually, to ensure that we remain clear and focused on the work we undertake. We will achieve our mission through fulfilling our aims. Enable young people and women to achieve their potential Keep the people we support at the heart of the organisation Prevent homele55ness Support people to leave hornelessness behind Be the best we can be Dellver the highest quallty support In delivering services to achleve our alms, we recognise that individuals have a range of needs all of whlch need to be met. Therefore, we alm to work with the Indlvldual to support them in add￿SSIng all the issues that matter to them. Consequently, 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 contrlbution to society. We have a pmven track record of working with young people and women who have been contlnually let down. Uamau's psychologlcally informed support encourages those we work wlth to ￿turn to educatlon or employment; rebulld 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 ANMUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Last Year in 24/25 Over 12,000 youn9 people, women and children were reached by Llamau across all our services Over 4,800 people including children were supported by Llamau's domestlc abuse service Almost 4,500 young people were supported by our range of Early Intervention & Preventlon, Safe Home and Move on ser+/ices Almost 2,500 chlldren engaged with Llamau's Early Identification and Prevention of Homelessness programme, Upstream Cymru Over 2,000 individuals were referred from PPN'S (Public Protectlon Notifications) and contacted by our DACC (Domestic Abuse Conference Call) workers across Newport and Caerphilly offering immediate advice, safety plannlng and referrals to communlty-based services following a police call- out Almost 2,000 people and chlldren were supported by Llamau's range of Domestic Abuse Outreach Servlces Over 1,300 young people were supported by Llamau'5 floating support services Over 500 young people at risk of homelessness were supported through Llamau's supported accommodation across Wales Almost 400 young people were supported by Llamau's Family Mediation Service Almost 300 young people received specialist advlce and support, including through the Youth Homeless Helpline. Over 270 people engaged with our speclallst counselling services Over 250 children were supported by Llamau's Debrlef and Mediation services in Dyfed Powys Almost 250 young people were supported through Llamau's Learning, Training and Employment programmes with Education at Llamau Over 200 people including children were supported by Llamau's domestic abuse refuges Over 200 people were identified at risk and supported by our IRIS service Almost 100 young people were supported by our EMPHASIS assertive outreach projects across Wales to overcome key issues that put them at risk of homelessness 96 women and their familles were supported by our Family Safety worker in Caerphllly, and over 240 children and young people were supported by our CYP outreach team 64 young people at risk of homelessness were supported by our range of Supported Lodglngs projects 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 2026 46 women affected by trauma were supported in our gender speclflc accommodation In Cardiff and Newport 37 young people with complex needs were supported at our range of Housing First for Youth projects across Wales Public Benefit During 2020, as required by the Charities Act 2011, the Charity Commission for England and Wales issued its general guidance on the crtteria it will use to determine whether a charity provides public benefit. We have considered the relevant guidance and are satisfied that we provide considerable public benefit as demonstrated in this report. We have referred to the guldance when reviewing our purpose and mission and in planning futu￿ actlvltles. In partlcular, consideratlon Is given to how planned future artlvltles will contribute to our strategy. Llamau's Social and Financial Impact Uamau's profound impact on the social and financial cost of homelessness is sornething that policymakers in Wales must recognise. Through our early Intervention and p￿ventIOn Inltlatives, for example, we not only provlde cruclal support to young people and women at rlsk of homelessness but also generate significant savlngs for the public settor. Llamau's famlly mediation services can sustainably prevent family relationship breakdowns, a leading cause of youth homelessness. By enabling young people to remaln safely withln thelr family homes, these Interventlons save over £27,000 per person in specialist supported accommodation costs, These translate into substsntial savings over a fiscal year. 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 Uamau's services extends to the wellbeing of the individuals we support. Our specialist mental health services, including counselling, signlflcantly 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 productivity and healthcare costs linked to poor mental health. Llamau's support for young people includes helping to learn how to regulate behaviours and emotlons, which in turn thls can reduce anti-social behaviour. By helping indlvlduals self-regulate, Llamau can prevent family evictlons, which can cost over £600 per week in bed and breakfast expenses per family. Page 6 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEESANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Our educational 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 (NE￿) 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 unemployrnent in the UK nearing £8 billion. Homelessness and housing support services in Wales, including those provided by Ljamau, 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 slgnlficant social and economic costs of domestic violence, which Is estlmated to cost the UK £66 billion per year in terms of emotional and physical harm, health and justice services, and lost productivity. The soclal and financial costs of not supporting young people and women at risk of homelessness are unacceptably hlgh. Our work Is essentlal not only for the people we support but also for the broader economy. Our efforts align with the Welsh Government's introduct5on 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 econornlc activity. The challenges faced by young people experiencing homelessness, includlng the inability to access employment, represent a significant loss to society. These challenges account for 700/0 of the total costs associated with homeless youth, a Ios5 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 flve years. Llamau's work is crucial in mitigating these costs by complementing and enhancing the services available to young homeless people across the country. Building on this, Upstream Cymru's innovative approach, which combines early dentificatlon and targeted intervention within schools and communities, demonstrates that true prevention of homelessness is possible. However, despite being a pioneering initiative in Eumpe, 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, we urge the Welsh Government to lead the natlonal expansion of Upstream across Wales. Establlsh5ng four reglonal projects would ensure a futU￿-ft)cUSed approach to homelessness preventlon while also providing crucial data for planning and Servi￿ development. Paga 7 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STrATEGIC REPORT Year Endod 31 March 2025 Values are at the centre of what we are about Llamau is a values-led organlsatlon whlch puts the people we support at the heart of the organisation. How Llamau delivers support is crucial to our success. Each of our operatlonal colleagues is indutted into the charity with our own psychologlcally and trauma informed support methodology. The difference with Llamau is the quality of support and empathy we offer. The followlng five core values have been distilled from everything we do: We Respect We respect by accepting, acknowledging and acting on people's experiences. We work to earn respect. We show respert by rejectlng labels others have put on people. We accept that we are privileged to walk alongslde people on their journeys. We act with kindness and never judge. We Listen We create a safe space to explore feellngs and take notlce of what people have to say. We actively Ilsten to everythlng someone Is telllng us. We act on what we hear. We Ilsten to the voices of experts by experlence and look deeper to understand the experlences of the people we support. We Learn We are a learning organisatlon. 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 opportunltles to become more aware and informed. We know what works but know we can do more. We Encourage We encourage thmugh a psychological model that works at the pace of each person and respects their individual experience5. We work alongside people to build the inner confidence they need to fundamentally move on with their lives. We don t change people's lives they do that themselves but we do help them flnd purpose, hope, posltlvlty and strength within themselves. We Don t Give Up We believe in the people we are prlvlleged to wort< with. We wlll never give up on them and will work relentlessly for them to achieve thelr goals and ambitions. If we fail in one wayi we will find an alternative way. We're bold and unafraid to stsnd up for what we believe is right. We wlll never glve up on dellverlng our mission because we belleve in people and their rlght to Ilve a full and safe life. Page 8 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEESANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 At Llamau, We Will Never Give Up Between 6,000 and 7,000 young people in Wales ask for help with homelessness each year a disproportionate representation at around a quarter of all age presentations, and Ilkely a large underestimate of the true figure in need. Many more will be hidden from these numbers sofa surfing,, sleeping rough, or not asking their Local Authority for support. For many young people, past trauma has resulted in an increase in mental health problems, and we are only now seeing the real and signlficant impact of the Covid pandemic. Domestic abuse remains the major cause of homelessne55 in women and is Inextrlcably 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 (CSEW), police recorded crime and other sources. The Crime Survey for England and Wales year ending December 2024 estimated that 4.20/0 of people aged 16 years and over (around 2 million) experienced domestic abuse in the last year. The police flagged 819,449 offences as domestic abuse-related Sn England and Wales in the year ending December 2024. At Llamau, we have seen an increase in complexity of needs and rlsk for the survlvors we are supporting, who have Increased experience of trauma, mental health and well-being needs. There has also been a slowdown of availabllity Of move on properties for women and families due to unprecedented demand for accommodation, and more general homelessness pressures. Referrals have continued to increase for refuge spaces across Llamau, with 358 referrals for our 70 spaces in 2024/25 (an increase of 62 or 210/D from last year). During this year we increased capacity by opening 2 dispersed refuges, l in Bridgend and l in Caerphilly. Demand for spaces meant we were unable to accommodate 213 referrals due to there being no space available as refuges we 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 & Outreach services received 1587 referrals. an increase of 59 % compared to the previous year. Llamau remains steadfast in our commitment to ensuring young people, women and farnilies In Wales are safe, supported and empowered to leave homelessness behind and thrive in their communities of choice. Too often, the people Llamau supports are perceived as failing or belng hard to reach, when the truth Is that seNices 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 will also Page 9 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 MarGh 2025 contlnue to offer services to people regardless of previous experience, unless these cannot be offered without prejudicing or puttlng other people we support at risk. Recruitment and retention of colleagues continues to be a challenge for the health and social care sector in Wales. We continue to improve our recruitment and onboarding processes and will make further Improvements to our induction processes. All line managers are trained in Uamau's Compasslonate Leadership methodology and are provided with practical training relevant to their roles. we had a group of colleagues who successfully completed our 1st colleague progresslon programme 'Step into Managernent, wlth applications invited for cohort 2 in the Autumn. We contlnue to make progress agalnst our Equallty, Diversity and Inclusion strategy which was launched in 2023, and our Trustees and Senior Leadership Team have undertaken further antl-racism training. In the last year we have.. Maintalned level 3 Disability Confident Achleved a bronze award from Stonewall and placed on their Workplace Equality Index, Established several EDI colleague groups that meet regularly, such as LGBTQ+, Menopause, Neurodiversity Promoted to our commltment to the Halo Code and Time to Change Wales Trained managers on Unconscious Bias Attracted and appointed diverse candidates Worked with partners in Diverse Cymru to support us in worklng toward our Cultural Competence submission Llamau remains unrelenting and commltted to our mlsslon. We recognise that much of the primary causes of homelessness: poverty, housing supply failure, Iristitutional 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 Inequalitles to exist. Also to do all In our power to persuade our polltlcians these issues must be tackled as a priority. Llamau is daring to imagine a world without homelessness and Is determined to achleve it. To do this there needs to be specific interventlons in all stages of the cycle of homelessness, especlally early Interventlon and preventlon. Llamau will contlnue to push for Upstream Cymru to be an integral part of Wales, drive to ach young people, before homelessness becomes a part of thelr experience. Llamau are the flrst in Europe to pilot the Upstream model and we are dellghted this year to have supported our partners in England, Scotland and Northern Ireland to develop Upstrearn In their countrles In the UK. We have also worked closely with The Royal Foundation, as part of thelr Hornewards programme, tc support them to roll out Upstream across their six pathway areas. We contlnue to push the impact of Upstream in Wales and are collaborating with Cardiff Universlty to Page 10 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 demonstrate the i mpatt of this early Identlflcatlon, intervention and prevention model. Llamau is also determined to target groups of young people that are more likely 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 wider homelessness population. They're rn0￿ likely to have to leave stable accommodation to escape emotional, 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 still has only one LGBTQ+ specific supported accommodation for young people, Llamau's Ty Pride, in partnership with Denbighshire County Council and Vlva LGBT. Research into Ty Pride found that 100 % of the young people currently residing there expressed feeling safe for the flrst tlme, liberated to express themselves fully and confident amidst Ilfe's challenges. l OOO/D of the young people a150 said that moving to Ty Pride had saved thelr Ilfe. 'Impossible to Navigate, a report by End Youth Homelessness Cymru, looked at youth homelessness through the lens of neur0d1ve￿[ty. The report found Neurodivergent young people often face numerous barriers to accessing education, housing, healthcare and employment. A lack of diagnosis and support often entrenches these societal barriers. This in turn can result in contact with a housing and homeless system that is deslgned 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. Achievements and performance Llamau'5 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 Llamau reaching over 12,000 young people, women and children. What We Do Works - Our Outcomes for 2024/2025 960/0 of people reported our support had a positive Impact on their lives and 960/0 of people reported an Improved quality of life following our support. 970/0 of peaple reported feeling safer following Llamau's support 940/0 of people reported risks were reduced through Llarnau's support Page 11 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 93010 of people engaged wlth our support positively 900/0 of people exltlng our supported houslng services this year aCce￿ed safe, sultable accommodatlon 790/0 of people experiencing issues with healthy relationships made progress with our support 790/0 of people with mental and emotional health issues made pmgress with our support 78Q/o of people experiencing issues with self-harming made progress wlth our support 740/0 of women In our Gender Speclflc accommodation achieved a 5ucce5sful move-on In addition: Young People 810/0 of young people safely remainlng in or returning to the family home 810/0 of young people supported by Llamau's Family Mediation services safely remained In/returned to thelr family home, preventlng homelessness IOOO/o of people In Ty Pride, the only LGBTQ+ project in Wales, successfully moved on Our Upstream Cymru Project surveyed 2,454 puplls, identifylng 260 (IIO/o) of those young people being at Immedlate or high risk of homelessnes5 Upstream Cymru then worked successfully with 92 of these young people and their families Our Vale Advlce Service delivered 658 Individual advice appointments in the year Our Family Medlatlon Services worked wlth 383 young people and their families over the year Domestic Abuse and Gender Specific Services 960/0 of people accessing our Domestic Abuse Outreach Services had posltive houslng outcomes, wlth many able to remain safely In their own home and more than half being able to secure alternatlve safe and sultable accommodation 980/0 of survivors of domestic abuse supported In our ￿fuge5 reported the project met their needs, Improved their wellbelngi and empowered them to make posltlve lifestyle cholces 990/0 felt safer as a result of support 980/0 reported an Improved quallty of Ilfe Rlsk was reduced for 980/0 950/0 positively engaged with support 85010 of people experiencing domestic abuse made progress wlth Uamau's support 82010 of people in our refuges were successfully moved on Page 12 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Endod 31 March 2025 Education There were 247 young people in our Education at Llamau pmvisions Our learners achieved 578 externally recognized accreditstions 83 1 of those who left our Education provlslon during 2024125 progressed into further Education, Employment or Training (E￿) opportunities Further achievements from 2024/2025 include the following: We successfully retendered our Vale Supported Lodgings service. The Youth Homelessness Helpline has been staffed solely by volunteers since December 2024. VAWDASV Welsh Government Gwent Regional Grants: we were succe55fv1 wlth being awarded another year's funding for our Volunteer Service, Internal Counselling and receiving funds to make CCFV improvements in our refuges. We opened 2 Dispersed Refuge properties in Caerphllly and Bridgend during the year, with an addltlonal unit anticipated for Bridgend in 25126. The IRIS service (Gwent) provided support services wlthln GP surgeries for survivors of domestic abuse, providlng specialist trainlng for GP surgery teams around domestic abuse and slgns to look for, as well as direct 5UPPOrt and an integrated referral pathway for patlents identified and referred. The services had made significant impacts, whlch were acknowledged and recognlsed. However, the funding for this Serv1￿ was withdrawn during 24125 due to the wlthdrawal of the funding stream. Llamau are extremely concerned about this given that 800/0 of women in a violent relationship seek help from health services, usually GPS, at least once. We continue to work with the Health Board to try to identlfy alternative funding for future provision. We expanded our provision within the HSG funded element of our supported accommodation and floating support service in Torfaen, adding 4 additional flats of supported accommodation. In Cardiff we opened a new 24hour supported housing project for young people who are leaving care. We successfully opened a new 16+ accommodation and support project in centrnl Powys, commissioned by children's services Introduced the Safepoint Lone Worker Safety App & alarm system across static projects and Floating Support service5. Research by Llamau policy and research lead on Ty Pride's joumey and its best practice model. The report was launched in the Senedd in June 2024. We have successfully re-tendered for Ty Newydd and retained the service. We have opened Dispersed Refuge properties in Caerphilly, Merthyr & Bridgend during the year, with an additional unit antlclpated for Brldgend In 25126. We achieved CIW registratlon of our first Children's Home in the Vale of Glamorgan. The Flrst two young people moved into the home and successfully moved on (one into Supported Accommodation, one returned Home to family), and two more young people then moved into the home. Page 13 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Endod 31 March 2025 End Youth Homelessness Cymru End Youth Homelessness Cymru (EYHC) Is a Uamau-hostedi pan-wales coalition, attively campalgnlng to prevent and end youth homelessness in Wales by 2027. EYHC contlnued to make slgnificant headway durlng the year, In leading the conversation and influencing pollcy on youth homelessness preventlon In Wales. Specific areas of focus included: Bringing people together to drive collaborative and co-ordinate cross- organisational and cross-sertor responses to systems failures whlch let young people down and allow them to be threatened with, or experience homelessness. Publlshlng our research 'Nowhere for them to go: Young People in Ternporary Accomrnodation,. The research provides a snapshot of the numbers of young people currently in temporary accommodation and explores the reasons for current increase, engaging with young people and stakeholders Working withln the system. We launched the research with an online Webinar in February whlch brought together dlfferent stakeholder5 in the settor to discuss the issue and potential solutions to the problem. Launched our six-episode podcast 'Adref which platformed a range of guests - from experts in the field to young people wlth Ilved experience about the various social and political issues that contrfbute to youth homelessness in Wales and beyond. We covered a number of toplcs from the care system, accessibility, LGBTQ+ rights and neurodlverslty. The podcast explored both why youth homelessness occurs, but more importantlyi what we can do to prevent it. EYHC is grateful to every single member of thls great collaboration; it is that collaboration that ensures we can push forward with our mlsslon of eradicating homelessness for young people in Wales. Youth Homeless Helpllne Llamau's Youth Homeless Helpline continues to provlde 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 5UPPOrt when other servlces are not available. We are grateful to our team of volunteers and colleagues who ensure there is always someone avallable at the end of the phone to offer help, support, Infomiatlon and advocacy to young people in their most challenglng of tlmes. During 2024/25, the Helpline received 290 calls, with 95 % of callers satisfied wlth their experience and the assistance glven (with nearly 90Wo involvin9 a risk of Pag• 14 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 street homelessness being prevented). At year end, there were 20 artive volunteers covering IOOO/o of Helpline shifts. Trainingi Employment, Learning We have over performed in our Jobs Growth Wales Plus programme and we have secured Shared Prosperity Fundlng In 5 local authorities to further enhance our service. As well as demand, we have also seen an Increase in the complexity of support needs of our learners. This ha5 led to a review of our curriculum to ensure we continue to meetthe needs of the people we support and upskill our teaching team to be able to respond accordingly. We continue to be seen to play pivotal role in the Youth Guarantee for Local Authorities but fundlng constralnts remaln a challenge. Involvement and Engagement The aim of the I&E programme is to reduce isolation, 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 100 projects dellvered, 318 attendees and 119 completers from our I&E programmes. We offered a range of projerts that were funded through grants with specific outcomes but also through consultatlon wlth the people we support. Llamau's Psychologically Informed Envlronment (PIE) Followlng the progress of the last few years, Llamau has continued to work on embedding PIE in multiple areas of the organisation. We have tried to sustain this department through a range of funding streams to try to meet the increased need for emotional wellbeing support for both our colleagues and people we support In Llamau. To this end, we achieved the following: Counselling: We were able to contlnue to deliver our intemal counselling service for people we support. The service continues to recelve exceptional feedback and provldlng people with timely emotional support in a wide range of areas related to mental health and wellbeing. As well as our counselllng team, we host multiple students for counselling placements. Page 16 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Colleague Wellbelng: Llamau remains strongly committed to the wellbeing and support of all colleagues. Our Wellbelng Lead has continued to run our colleague wellbeing line. 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 mernbers of the department, have put together a robust resource using Padlet with information on a range of wellbeing topics. There has been a range of wellbelng group activities as well as quarterly newsletters wlth handy skills and tips to help colleagues both in and outslde of work. Learnlng and Development: We continue to create and update our own bespoke, internal e-leaming, delivered virtual classroom tralnlng and mlcro teach sesslons on a range of topics, all underpinned by our psychological models and clinical expertlse. We have rolled out our Compassionate Leadership Training programme for all layers of managers within Llamau and resumed face to face tralnlng In various venues across South Wales. We have also developed a one-day Compassionate Leadershlp tralning for all non-managerial operatlonal colleagues. Thls year marks the launch of the Step Into Management program for colleagues wishing to progress Into management roles. Psychology: We contlnue to support the internal psychology consultation Ilne to provlde advlce and support for operational teams. This Ilne Is used to gain psychological advlce and support when they are faclng challenges and want to reflect on this together. We have pmvided consultation to the Senlor Leadership Team, bringing psychologlcal expertise Into the Compa5slonate Leadership and Better Practlce streams of work. We continue to dellver PIE Skills Practice for frontline colleagues, pmviding both a teaching element to PIE and spaces to ￿flect on practice. We are working on redeveloping PIE tralnlng as a one-day In person training that we hope to deliver regionally to set a PIE knowledge and skills baseline. Financial Review Incoming Resources + Incoming resources for the year ending 31 March 2025 were £23,865,271 (2024: £21,817,365). • Income from Charitable Activities was £22,491,914 and has increased from Pag8 16 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 2024 (£20,349,383) as a ￿sUIt of organisational growth and new contracts. Resources Expended • Resources expended durlng the year ended 31 March 2025 were £24,376,987 (2024: £22,736,944). Planned Deficit • Net Movement in Funds for the year was (£492,649) after a gain on investment. Llamau had budgeted a deficit for the financial year 2024/25 knowing that we would be utilising funds we had previously received, which enabled us to create a healthy surplus in those financial years. + Furthermore, monies were spent at the end of the financial year in preparation for 2025/26 to ensure remains a sustainable organisation going forward. Balan￿ Sheet and cash flow • The balance sheet remains In a strong position decreasing as a result of a reduced cash at bank figure, linked to the utilisation of our restritted funds. Net Current Assets have decreased whilst our Long Terrn Credltors have reduced. • Llamau has continued to spend Restricted Funds that were received prior to this flnancial year and ensure all terms and condition5 of Restricted Funds have been met. Investment Powers and Policy The Trustees, having regard to the liquidlty requirements of the charlty, have previously operated a policy of keeping surplus cash balances as Ilquld as possible and any surplus balances invested in fixed term deposit accounts. The Trustees have agreed to irFvest 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 with a very low risk profile, it is intended to return more than It 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 2025, 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 and Interllnked risks to Llamau. 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 commissioners need to Page 17 LLAMAU LIMITED COMPANY UMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Y•ar Ended 31 March 2025 understand this increased need and assoaated 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, Uarnau receives funding frorn 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. Uamau's growth in statutory funded servI￿S over the past 7 years has enabled us to reach more young people and women who face homelessness. However, this has often resulted in the income from these services failing to keep Pa￿ with the cost of inflation and has created an overall tumover which has meant it is Increaslngly difficult to attract funding for other servlces from trusts and foundations because we are seen as 'too big,. This is desplte the fact our non- statutory income sources remain at a much smaller percentsge. In thls dlmate, LSamau contlnues to push to get funders and commlssioners to understsnd that tumover does not equate to profitablllty. Our plea to both funders and comrnissioners Is to understand the true cost of services, to take into account the efficacy of those services and the level of deficlt, rather than solely using turnover as a declslon-maklng process. We continue to see some Local Authorities pay further in arrears, not agree rent changes for months and often seek to claw back funding wherever possible. Despite these increasing financial pressures, Uamau continues to live up to our values and cultu￿. It Is our culture and values that have kept Uamau 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. The entirety of Llamau continues to step up and meet our challenge5 head on. We continue to monitor our finances with increased scrutiny. We know that any reduction in our flnancial contro15 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,. Thls conclusion was reached with regard to.. The financlal forecastlng that has been completed, with performance analysls to date. The financlal position of the organisation including resernies levels. The adapted means of fundraising and relationships with donors; The determination of the staff team to ensure the hlghest quallty of 5UPPOrt, and the recognition of this by servlce commissloners, The development of full cost recovery models, and; Llamau's intended expansion into care faclllties for young people. Page 18 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 As a consequence, the Trustees expect Llamau to contlnue 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 contlnues to open new projects and expand servlces to meet the increase in need. The determinatlon 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 wlll contlnue to do what we do best, working with the people we are privlleged to support. We remain commltted to contlnuous Improvement, keeping hold of what's worked, artlng on our leamlng and continuing to prioritise service delivery and everyone's wellbeing. Other Key Risks The sector wide recruitment gap continues to irnpact on Llamau. We have continued to make improvements to our recruitment, onboarding and induction pmcesses but without sustained yearly increases in funding to appropriately pay colleagues, thls will continue to be an issue across the sector. In the last year we were pleased to see Welsh Government award a percentage increase to Housing Support Grant (HSG} after nearly 15 years of little or no investment. This increase was specifically to enable the payment of Real Living Wage (RLW) to the settor. It is essential HSG continues to receive a year-on-year percentage Inc￿aSe to enable charities and support providers like Llamau to contlnue to fund RLW increases, which in turn will support recruitment and retention in the sector. Our colleague beneflts, Includlng our annual leave, pension and colleague wellbeing services are highly competitive and we wlll contlnue to promote these employee benefits tD Potentlal and exlstlng colleagues. Whilst there Is a commitment In Wales to collaboratlons and co-production, which includes involving specialist third sertor in forums for decision maklng, 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 forurns. Local authorltles contlnue to face some of the greatest cuts and pressure to their budgets in years. As a result, some are seeking to cut monles Into exlstlng projects, which can result in larger deficits and inadequate fundlng 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 thls poor practlce. Page 19 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Y•ar End•d 31 March 2025 We continue to see local authorities advertise higher paid internal support roles than we can't match due to our capped fundlng. Thls has seen our highly tralned colleagues leaving for slmilar roles but at a higher salary, further impacting recruitment issues in the third sector. This practice surely must be questloned. We believe it is unethical for commissioner5 to pay their own Intemal staff more than those in contracted services. Local Authorities also strlve to be real Ilving wage employer, yet do not allow their providers the same opportunity. Llamau's mitigatlon of these risks contlnue to be ensuring our own efficiency, keeping our costs as competltlve 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 Pollcy Llamau's Board of Trustees review our reseNes pollcy on an annual basis. The 2025 revlew undertook an analysis on need. Our reserves are now based on specific costs that would be Incurred should Llamau 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 remalnlng terms of leases. Additionallyi we Include any planned Capltal expenditure that Is required. In determinlng 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 incorne). Anticipated revenue expenditure and requirements for capital expansion; The cash flow of the organisation as more contracts are paid in arrears. Our legal responslbllltles wlth regard to staffing and leases held. The Charlty receives external funding in the form of grants to support Its very Important actlvltles In furtherdnce of charitable objects. Such fundlng sources are subject to change and cannot be guaranteed. In addltlon, the Charlty undertakes project driven work for which restricted income Is received, and whilst this funding Is crucial to pmject deliveryi it is sometlmes insufficient to satlsfy 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 Capltal to ensure that all Ilabllltles are met, particularly at a tlme when rn0￿ grants are pald in arrears. At the reporting date, free reserves were £3,612,000 (2024.. £3,991,154); free reserves representing unrestritted funds less Tanglble Fixed Assets and Intangible Fixed Assets. The level of reserves Is slightly above Llamau's target (£2,680,722). The Trustees are satisfied this is sufficient to meet ongoing commitments. Page 20 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Y￿r Ended 31 March 2025 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. Llamau's Strategy is a rolling plan, which we review every year to ensure it refletts how we are going to achieve our vision. Llamau's Board uses an aide memoir when reviewing our strategyi A good strategy does more than urge us forward towards achievi'ng our vision. A good strategy honestly ackno wledges 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. Ultimatsly Strategy is a way of thinking, not a procedural exerclse or set of frameworks. The scrutiny the Board considers include: Does our strategy embrace or recognise the uncertainty of the environment? Is our strategy clear? Does our strategy show we fully understand the experlences of those we work with? Is there ful I convirtion to act on our strategy? Shaping the future: Our strategic focus As part of the Board's planningi Frances Beecher (CEO) has announced she will retire in 2025126. Sam Austin was appointed in 2024 as joint CEO to ensu￿ a seamless transition for the CEO of Llamau. Uamau is proud of our sector leading and high-quality approaches and most importantly, the impact and outcomes of these services. In late 2024/25, the decision was taken by both Cardiff Women's Aid and Llamau's Boards to work more closely together with a view to merger in 2025126. This merger took place in May 2025. Dellvering Impactful Early Identification, Intervention and Responsive Services We wlll develop and deliver services that positively impact the people we support, with early identification and prevention being at the heart of what we do. We will Page 21 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 flght to ensure fundlng is In place for services that are needed, to ensure that everyone is able to achieve their full potential. 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 long before it happens and will work with everyone we support to prevent recurrent. Place to Call Home We will make sure that everyone we support has somewhere to live that's safe and homely. We will continue to provide srnall homes which allow people to thrive, rather than hostels. Gender Speclfic Support - We wlll provlde support whlch recognises the specific needs of women and which enables them to fulfll their potentlal. Psychologlcally 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 psychologlcal Interventlons, to ensure our colleagues are highly skllled, alongslde tallored person-centred support from our in-house psychologists and counsellors for everyone we support. Thrivingi Not Survivin9 Llamau seeks to: l. Future proof our services 2. Support and enable the people we support 3. Recognise and value our colleagues 4. Increase our influence to drive change and develop irnpactful partnerships ContinuDUS Improvement - We will continually develop new Se￿ices, 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 continue to Invest in our colleagues, putting their well-being and morale high on the agenda and ensuring they have the skllls and confldence to be sertor-leading In their roles Building our Evidence Base - We wlll continue to develop our understanding and evldence our lrnpact 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. Page 22 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Future-proofing our ability to dellver our Mission We ￿COgnise that all parts of the Llamau family are integral to us delivering our mission. We will develop our fundraising and communications, finance, HR and training functions to ensure we are a 5ector-leading organisation. Ambition for the People we Support- We will work with everyone we support to achieve their full potential so that they can leave hotnelessness 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 u5. We will use our position to represent their views to policy makers. Collaboration and Partnerships We will continue to seek rnutually beneficial collaboratlon and partnerships. Sector Leading We will continue to ensure we deliver the highest quality services, listening to the experts by experience. We will unashamedly push for homely, small projects that are psychologically and trauma informed. We will continue to focus on early identification, intervention and prevention service5 towards sustainable outcomes. Working Towards Environmental Sustainability Llamau's embraces our responsibility to improve the economic, social, environmental and cultural well-being of Wales. We are committed to evldencing the reduction in our carbon footprint and promotlng sustainability as a driver of future employment opportunities for young people and women acro55 Wales We are commltted to becomlng an envlronmentally sustalnable charlty. We wlll do this through. Reducing our carbon footprint in accordance with our decarbonisation plan Improving our recycling. Buil(ling awareness across colleagues and the people we support around environmental sustainability. Dirett action with colleagues and people we sUPPOrt- we will encourage the people we 5UPPQrt to take greater ownership of their own environment. Influence sector - we will actively promote our environmental activities and join in partnerships across the sector which improve our environmental sustainability. Bicycle scherne / elettric/hybrid vehicles We wlll develop a plan to move Llamau's vehicles to hybrid/electric vehicles over the next 3-5 years. To deliver sustainable and resilient services, Llamau must overcome significant funding challenges. Continue to invest in our fundraising and communications to increase our voluntary income. Convince statutory funding to pay the full cost of service5. Page 23 LLAMAU LIMITED COMPANY LIMITED BY GuARA￿rEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Persuade trusts and foundations to think dlfferently about how they fund larger charities. As our footprint grows, so does our turnover and some funders think we are 'too big.. But tumover does not equate to profit. Increase our non-statutory funding. How are we going to get there We will continue to work with and challenge Welsh Government to ensure it meets its pledge to address systemic causes of inequality and create a Wales where not one of the people we are privileged to support is left behind. We will continue to develop strong operational/strategic links with a range of local, regional and national stakeholders. This includes statutory, prlvate and fellow specialist third sector agencles wlth whorn we are proud to work alongslde in the delivery of our support. Each area of Llamau has developed a serles of targets and action plans to ensure we meet the organlsatlonal strategic objectlves. These are reviewed on a quarterly basls, 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 internal and external developments. Some of our current plans for the future year include work on the following: Followlng the successful award of exlsting and new services for young people in the Vale of Glamorgan, implement tender requirements and open our first service solely commissioned for Unaccompanied and Asylum Seeking Children (UASC). Open two new registered Children's homes in partnership with the Vale of Glamorgan Council to impmve the pathway to independence for young people who are care experienced. Continue to work with Newport Children's Services and HSG team on the development of 2 x Supported Accornmodation services for Care Leavers in Newport. Continue to be the strategic lead for Upst￿arn acmss the UK. Look to identify new Local Authorities for further roll out of the Upstream Cymru programme in Wales. Following our 'Transitlons Workerf pilot, look to replicate thls across local authority areas to improve the transition experlence and outcomes for young people leavlng care and enterlng Uamau supported housing. Continue to work to develop and embed Supported Lodglngs across Caerphilly and Torfaen. Page 24 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Roll out the Self-Assessment Framework to enable services across Llamau to reflect on their Involvement and Engagement delivery and embed standardised practice Seek to stabilise and embed funding for Education at Llamau through meeting performance targets against Jobs Growth Wales Plus (JGW+) and other relevant funding streams. Continue to promote the voice of the people we support through better structures, the experts by experience leadership group and youth trips, includlng via TAITH funding In partnership with Lloyds Foundation, continue to understand how systems change can impact positively on better wellbeing and mental health support for young people in Merthyr Tydfil. Continue to work closely with the council and housing a5soclation to upgrade on of our Vale supported housing projects, or move to new premises, to ensure it meets the needs for young people. Look at optlons to move to newer or upgraded buildings In Cardlff, enabllng us to Increase financlal efflclency. Contlnue to negotlate wlth Local Authorities on a full cost recovery system, whlch also allows for additional payments for extra staff. Page 25 LLAMAU LIMITED COMPANY UMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Reference and administrative details Charity Number 701772 Company Number 2396224 Principal & Reglstered Offlce 23 Cathedral Road, Cardlff, CFI 1 9HA Auditors Azets Audit Services Ty Derw, Llme Tree Court, Cardiff Gate Busine55 Park, CF23 8AB Bankers Barclays Bank PLC Cardiff Business Centre, I St David's Way, St David's Centre, Cardiff, CFIO 2DP Solicltors Hugh James Solicitors 18119 High Street, Cardiff, (formerly Loosemores) CFIO IPT Investment Advisors Charitles Ald Foundatlon 25 Kings Hill Ave, Kings Hlll, West Malling• ME19 4TA Directors and Trustees The d1￿CtorS of the charitable company (the Charity) are its Trustees, for the purpose of charity law and throughout thls 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 Dr Adrlan Peters Treasurer Mr Thomas Breed Trustees Ms Frances Beecher Ms Helen Claire Cotter Ms Cath Doman Ms Rachel Ford-Evans Mr Ranjlt Ghoshal Ms Amy Harmsworth Ms Rebecca Kentfield Ms Joanna Morgan Mr Simon Williams Mr Jon Beldier (Appointed 12 June 2025) (Retired 14 November 2024) Page 26 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year End6d 31 March 2025 Mr Damian Bridgeman Cornpany Secretary Frances J Beecher Sam Austin (Resigned 27 May 2025) (Appolnted 27 May 2025) Chief Executives Frances J Beecher Sa m Austln (Resigned 31 May 2025) (Appointed 01 April 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 Charlty Commisslon. Appointment of trustees As set out in the Artlcles of Association the Chair, Vlce Chair, Treasurer and Company Secretary are elected by the Trustees. The collective 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 combination of adverts and referrals. They are appointed for three-year periods but may be ￿-eleCted. All members are circulated wlth Invltations to nominate Trustees prior to the AGM advlslng them of retiring trustees and requestlng nominatlons 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 consldering co-optlng Trustees, the Board of Trustees has regard for any specialist ski15s 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 actlvities and are selected based on their skills, experlence and expertlse. There is an expectatlon that Trustees will add significant value to the work of the Charity and its long-term governance. They do not receive any remuneratlon for thelr 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 Inductlon and training All new Trustees undergo an induction programme, whlch Includes if appropriate: A visit to the Cardlff central office to meet with the Chief Executlves, Operatlonal Directors, Finance Dirertor, Heads of Service and Managers, site visits. Induttlon and governance guldance via Llamau's comprehensive induction pack for Trustees, and. Pag• 27 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Any other training which may have been hlghlighted in the skills audit. In addition, an induction pack Is glven to all new trustees, which includes policy and procedures such as Declaration of Interest, Equal Opportunities and Confidentiality. In addltlon to this, all new Trustees are issued wlth a Financial Governance pack whlch ensures that they are aware of the responslblllty they have for overseelng the organisatlons finances. Finance updates are then sent out annually to ensure trustees are focussed on key financial monitoring. The Trustees also recelve regular updates during the year on areas of regulation around Llarnau's work and responsibilities, to ensure thelr knowledge is current and they can continue to make informed declsions. These sessions take place prior to each Board Meetlng and have covered areas of Flnance and Investment, VAWDASV, Fundraislng regulation and Psychologlcally Inforrned 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 exlsting Trustees, highlight any futu￿ skills required of potential new members and ensu￿ that the board regularly asks questions of itself and challenges itself as to the way forward. Discussion around the skllls audit. good governance and ways to keep improving fonns part of the discussion 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 15 members, administers the Charity and sets the overall mlssion, direction and strategies of Llamau. It scrutinises performance in order to secure effective implementatlon of strategy. Details of Implementation and execution of whlch, are the responslblllty of the senior management team led by the Chlef Executlve. This ensures that: l. The organisation stays focused on Its mission and strategy. 2. Key strategic and policy decisions are made by the Board; and 3. Support and constructive challenge is given by the Trustees to the senior management team, in particular the Chief Executlve. The Board meet every six to elght 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 a5 requlred under Llamau's Code of Governance. A Conflict of Interest register is kept and updated annually or when appropriate. In addition, all TNstees are required to declare any Interest pertinent to the agenda at all Board Meetings. Page 28 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2026 During the year, the organisation received a donation from The Huggard Charitable Trust of which the Director of Finance is a Trustee. Key Management Personnel The Trustees consider that key management personnel for the financial year were the senlor staff of jolnt Chief Executives (F Beecher, & S Austin), Director of Finance (A Chiplen), Director of Operations (S Lewis, & Y Connolly), Director of Fundraising and Communlcatlons (S Bass) and Asslstant Dlrector of Education and Involvement and Engagement (M Willmore). 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 Llamau continues to strive to be a diverse charity, representing the communities In which we work. Some of these initlatlves are explored earlier in this document. We believe thls will create a stronger organisation at all levels. Llamau's policy Is also to glve full and fair conslderation to applications for employment made by dlsabled persons, havlng regard to their particular aptitudes and abilities. Disabled employees receive appropriate training to promote their career development within the charlty. Employees who become disabled are retained in their existing posts where possible or retrained for suitable altematlve posts. Regular meetings are held between senior management and employee representatives to discuss rnatters of concern. Risk Management Llamau conslders Itself a 'risk Intelligent, organlsatlon; taklng appropriately managed risks in an increaslngly difficult environment. Our risk register and rlsk management procedures are fully embedded within the organisation. Llamau'5 risk action plan has been fully Integrated into risk management procedures. The purpose of the Internal AudiVQuality Assurance (IA/QA) subgroup is to oversee the delivery of effective audit and quality assurance within Llamau and review our system5, controls and processes. This is to ensure that there is an additional tier of internal as well as independent scrutiny to glve us further confidence that information, systems and processes within Llamau are reliable. Our annual IS09001 audit was successfully completed. As the organisatlon has once again grown, a Head of Quallty Assurance and Internal Audlt has been appointed. The IA/QA audit subgrDUP ensures that.. Effective audit functions are in place (both external and internal). Adequate risk management processes are in place. LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE Pagg 29 TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 Adequate Intemal controls are checked. There are limited attions Uamau can take with regard to the biggest risks of Post- Covid and COL crisis, our reliance on short term and inadequate fundlng and we endeavour to mitigate that risk by: 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 responsibilitles In relation to the flnancial statements The Trustees (who are also directors of Llamau for the purposes of company law) are responsible for prepartng the Trustees, Report and the financlal staternent5 in accordance with appllcable law and Unlted Klngdom Accountlng Standards (United Kingdom Generally Accepted Accounting practi￿), Including Financial Reporting Standard 102: The Financlal Reporting Standard applicable In the UK and Republlc of Ireland (United Kingdom Generally Accepted Accounting Practice). Cornpany law requlres the Trustees to prepare financial statements for each flnancial year which glve 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 incorne and expenditure of the charitable company for that year. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistentlyi Observe the methods and prtnciples in the Charities SORP; Make judgments and estimate5 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 concem basis unless it is Inapproprfate to presume that the charltable company wlll contlnue In business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any tlme the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities. Page 30 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT INCORPORATING THE STRATEGIC REPORT Year Ended 31 March 2025 In so far as the trustees are aware: There is 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 the auditors are aware of that information. The Trustees are responsible for the malntenance and integrfty 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 Audlt Services were appointed as the charltable cornpany's auditors during the year and have expressed their wlllingness to continue in that capacSty. Signed by order of rustees Dr Adrian Peters Vice-chair Appmved by Trustees on 18th September 2025 Page 31 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LLAMAU Year Ended 31 March 2025 Opinion We have audited the financial statements of Uamau Limited (the 'charity') for the year ended 31 March 2025 which comprfse the statement of financial activltles, the balance sheet, the statement of cash flows and notes to the financlal statements, including significant accounting policies. The financial reportlng framework that has been applled In thelr preparatlon Is applicable law and United Kingdom Accountlng Standards, Including Financial Reporting Standard 102 The Financlal Reportlng Standard appllcable in the UK and Republic of Ireland (Unlted Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: Give a true and fair view of the state of the charttable company's affairs as at 31 March 2025 and of its incomlng resources and appllcation of resources, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice; and have been prepared in accordance with the requirements of the Companles Act 2006. Basls for opinlon We condutted our audit in accordance wlth Internatlonal Standards on Auditing (UK) (ISAS (UK)) and appllcable law. Our responslbllltles under those standards are further described in the Audltovs responslbllities for the audit of the financial statements sectlon of our report. We are independent of the charlty in accordance with the ethlcal requirements that are relevant to our audit of the flnanclal ststements In the UK, includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities In accordance wlth these requirements. We believe that the audit evidence we have obtalned Is sufficient and appropriate to provlde a basis for our oplnlon. Conclusions relatlng to golng concern In auditlng the flnanclal statements, we have concluded that the trustees, use of the golng con￿rn basls of accounting in the preparation of the flnanclal statements Is approprlate. Based on the work we have performed, we have not Identified any material uncertalntles relating to events or conditions that, individually or collectively, may cast significant doubt on the charlty's ability to continue as a golng con￿rn for a perlod of at least twelve months from when the flnanclal statements are authorlsed for issue. Our responsibilities and the responsibllltles of the trustees with respect to going concern are described in the relevant sections of thi5 report. Page 32 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF LLAMAU Year Ended 31 March 2025 Other Informatlon The other information comprises the information included in the annual report other than the financial statements and our audltor's 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 we do not express any form of assuran￿ 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 audlt, 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. We have nothing to ￿port In thls regard. Matters on which we are requlred to report by exception We have nothing to report In ￿spect of the following rnatters in relation to which the Charitles (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report; or sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records" 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 satlsfled that they give a true and fair view, and for such internal control as the trustees determine 15 necessary to enable the preparation of financial statements that are free from matertal misstatement, whether due to fraud or error. In preparing the financlal statements, the trustees are responsible for assessing the charity's abllity to continue as a golng concern, dlsclosingi as applicable, matters related to going concern and uslng the golng concern basis of accountlng unless the trustees either intend to liquidate the charitable company or to cease operations, or have no reallstlc alternatlve but to do so. Pagg 33 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEPJIBERS OF LLAMAU Year Ended 31 March 2025 Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordan￿ with the Act and relevant regulation5 made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detert a material mlsstatement 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 staternents. A further description of our responsibilities Is avallable on the Financial Reporting Council's web51te at: https:// www.frc.ory.uk/auditorsresponslbilltles. Thls description form5 part of our auditorts report. Extent to whlch the audit was considered capable of detectlng Irregularlties, including fraud Irregularities, including fraud, are instances of non-complian￿ wlth laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reportlng Council's webslte, to detect material misstatements in respect of Irregularities, includlng 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 appllcable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material mi55tatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, 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 applicable laws and regulations, Including fraud. In response to the risk of irregularities and non-compliance with laws and gulations, includlng fraud, we designed procedures which included: Enquiry of management and those charged wlth governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; Reviewing minutes of meetin9s of those charged with governance. Assessing the extent of compliance wlth the laws and regulations considered to have a dlrect materlal effect on the flnancial statements or the operations of the entlty through enqulry and inspection; Page 34 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE INDEPENOENT AUDITOR'S REPORTTO THE MEMBERS OF LLAMAU Year Ended 31 March 2026 Reviewing financial statement dlsclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and revlewing accounting estlmates for indicators of potential bias. Because of the inherent Ilmltatlons 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-compliance with regulation, This risk increases the more that compllance with a law or regulatlon is removed from the events and transactions reflected in the financial statements, a5 we wlll be less Ilkely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud Is hlgher than for one ￿sUltIng from error, as fraud may involve collusion, forgeryi intentional omissions, rnlsrepresentations, or the override of internal control. Use of our report This report is made solely to the charity's trustees, as a bodyi in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assu me responsibility to anyone other than the charity and the charity's trustees as a bodyi for our audit work, for this report, or for the opinions we have formed. Al NJJ £_ Azets Audit Services Chartered Accountants Statutory Auditor Z02 Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff South Glamorgan Unlted Klngdom CF23 8AB Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as audltor of a company under sectlon 1212 of the Companies Att 2006. Page 30 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (Includlng the Income and Expendlture Account) Year Ended 31 March 2025 Unrestrlcted Funds Restricted Total Funds Total Funds Funds 2025 2024 Note Income and Endowrnents from: Donations and Legacles 296.281 1.055.066 1,351,347 1,427,888 Investment Income 21.090 21,090 38,746 Charitable Activities 16.230.840 6.261,074 21491,914 20,349,383 Flxed Asset Di5P05al 920 920 Total Incoming Resources 16 549 131 7 316 140 23 865 271 21 817 365 Resources EX￿nded on: Ra151ng Funds 449.999 449,999 505,853 Charitable Activities 16 571 328 7 355 660 23 926 988 22 231 091 Total R•sources Expend•d 17 021 327 7,355 660 24 376 987 22,736,944 Net (Loss)/Gain on Investments 19,067 19,067 40,057 Net Mov•ment in Funds (453,129) (39,520) (492,649) (879,522) Reconcillation of Funds Total funds bmught forward 17,18 5 989 275 235 555 6 224 830 7 104 352 Total funds carried forrtanl 18,19 5 536 146 196,035 5 732 181 6 224,830 The charity has no recognised galns or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing. The Statement of Financial Attivities also complies with the requirernent for an Income and expendlture account under the Companles Act 2006. The notes on pages 39- 56 forni part of these tlnanclal statements Page 36 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 2396224 BALANCE SHEET Year Ended 31 March 2025 2025 2025 2024 2024 Note FIXED ASSETS Tangible Assets 1,924,145 1,998,121 Intangible Assets io Investments 1 276 782 1 257 715 3,200,927 3,255,836 CURRENT ASSETS Debtors li 3,099,596 2,781,755 Cash at Bank / In Hand 966 452 1 592 497 4,066,048 4,374,252 CURRENT LIABIUTIES Creditors: Amount5 falling due viithin one year 12 (1.534,794) (1,377,468) NET CURRENT ASSETS 2,531,254 2,996,784 Creditors: Amounts falli ng due after one year 13 {27,790} NET ASSETS 19 5 732 181 6 224 830 FUNDS Unrestricted General Funds Designated Funds 17 5,536,146 5,989,275 Restricted 18 196 035 235 555 19 5 732 181 6 224 830 These finanaal statemerlts were approved by the members of the commlttee on the 18th of September 2025 and are igjietroirtheir behalf by: Dr Adrian Peters - Vice-chair Mr T Breed - Director The notes on pag88 39- 56 form part of these financial ststements Pag• 37 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASHFLOWS Year Ended 31 Ma￿h 2025 2025 2024 Net Cash provided by/(used In) Operating Activitles (460,827) (829,331) Cash Flows from Investlng Actlvltles Dlvldends, Interest and ￿ntS from Investments 21.090 38,746 Proceeds from the Sale of property, plant & equlpment 13.789 Purchase of Asset5 (163,923) (159,159) Proceeds fmm Sale5 of Investments 184.532 Net Cash provided by/(used in) Investlng Activities (129,044) 64,119 Cash Flows from Financlng Actlvltles Repayment of Bormwlng (36,174) (37.500) Cash Inflows from New Borrowlng Net Cash provided by/(used In) Flnancing Activities (36,174) (37,500) Change In Cash and Cash Equlvalents in the Reporting Period 626 045 802 712 Cash and Cash Equivalents at the beglnnlng of the Reportlng Perfod 1,591497 2,395,209 Cash and Cash Equivalents at the end of the Reportlng Period 966.452 1 592 497 Reconclllatlon of net income/(expenditur*) to net cash flow from Operating Activities 2025 2024 Net Incomel(Expenditure) for the reporting period (as per the Statement of Financial Actlvltles) Adjustments for Depreclation ￿argeS Gains/(Losses) on Investments Dividend, interest and rents from investments Loss/(profit) on the sale of Flxed Assets {Increase)Idecrease In debtors Increase/{decrease)In creditors (492,649) (879,523) 225,030 (19.067) (21,090) (920) (317.841) 165,710 202,743 (32,760) (38,746) (1,348) 55,814 (135,511) Net Cash provlded by/(used in) Operatlng Actlvities 460 827 829 331 The notes on pages 39- 56 fom] part of those financlal statements Paga 38 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASHFLOWS Year Ended 31 March 2025 Analysls of Net Cagh 2025 2024 Cash In Hand Bank Loans falllng due wlthln l year Bank Loans falling due after more than l year 966,452 (28,669) 1,592,497 (37,053) -.(27,790 1 527 654 937,783 Tho notes on pagos 39 - 56 fomi part of thes• flnanclal statsmonts Page 39 LLAMAU LIMITED COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 ACCOUNTING POLICIES Llamau Is a private company Ilmlted by guarantee Incorporated In England and Wales. The Fiegistered office is 23-25 Cathedral Road, Cardiff, CFII 9HA. The following accounting policies have been used con5i5tently In dealing with items whlch are consldered material in relation to the charlty's flnanclal statements. Accounting Policies Ba515 of Preparation The accounts have been prepared in accordance with the charity's Memoranduni and Articles and Association, the Companies ALt 2006 and "Accounting and Reportlng by Chartties: Statement of Recommended Prattl￿ applicable to charities preparing thelr accounts in accordance with the Financial Reportlng Slandard appllcable in the UK 2nd Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from l January 2016). The charity is è Public Benefit Entity as defined bv FRS 102. Roundlng Figure5 contained in the flnancial ststements have been rounded to the nearest pound. PTeparatlon of the accounts on a going concern basis The charity reported a net oufflow of £453,129 of unrestrlcted funds for the year, wlth a net ouffiow of £39.520 restricted funds, thls resulted In a total net outflow of £492,649 for the year. Thls char6ty has sufficient free reserves and is monitoring results on a frequent basls. The trustees are of the vlew that on thls basls the charlty Is a golng concern and there are no materlal uncertainties about the charlty's ablllty to contlnue as a golng concern. Flnancial Instruments The charlty has elected to apply the provlslons of Section 11 'Basic Financial Instruments. and Sectlon 12'0ther Financlal Instruments Issues, of FRS 102 to all of Its ff nanclal Instnjments. Financial instruments are recognlsed in the charlty's balance sheet when the charity becomes party to the contractual provlslons of the Instrument. Flnandal assets and Ilabllltles are offset, with the net amounts presented In the financial statements, when there Is a legally enforceable rlght to Set off the recognised amount5 and there is an intention to settle on a net basis or to realise the a55et and settle the Ilability slmultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and 13sh and bank balances, are initially measured at transaction prlce Including transaction ￿StS and are Subsequently rArried at amortlsed cost using the effective interest method unless the arrangement constitutes a financing transaction. Whe￿ the transaction 15 measured at the present value of the future ￿CeiptS discounted at a market rate of interest. Financial assets classified a5 receivable withln one year are not amortlsed. Impairnient of flnanclal assets Financial assets, other than thD5e held at fair value through income and expendlture, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there Is objectlve eVIden￿ that, as a result of one or more events that occurred after the Initial recognltion of the financial asset, the estimated future cash flows have been affected. If an asset Is Impaired, the Impalrnient loss Is the dlfference between the carrylng amount and the present value of the estimated cash flows discounted at the a55et's orlglnal effectlve Interest rate. The Impalrment IDSS is recognlsed In net Income / {expendlture) for the year. If there Is a decrease In the 5mpalrment loss arlslng from an event occurrlng after the Impairment wa5 recognlsed, the impairment Is reversed. The reversal 15 such that the current carrylng amount doe5 not exceed what the carrying amount would have been, had the Paga 40 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 impalmient not previously been recognised. The Impairment reversal Is recogni5ed in net income/ lexpendlture) for the year. Derecognition of financial assets Financial assets are derecognised only when the contrBctual rights to the cash flows from the asset expire or are settled, or when the charity transfers the flnancial asset and 5ub5Eantially all the rlsks and rewards of ownership to another entity, or If some significant 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 entirety to an unrelated third party. Baslc financlal liabilities Basic financlal Ilabillties, including creditors and bank loans are Inltially recognlsed at trdnsactlon price unless the arrangement constltutes a financing transattion, where the debt instrument 15 measured at the present value of the fvbjre payments discounted at a market rate of interest. Finanaal liabilities classified as payable within one year are not amortised. Debt instrument5 are subsequently carried at amortised cost, using the effectlve interest rate method. Trade creditors are obllgatlons to pay ft)r goods or services that have been acquired In the ordinary course of operationsfrom suppllers. Amounts payable are classlfied as cUr￿nt liabilities if payment is due wlthin one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pr[￿ and subsequently measured at amortlsed cost using the effettive Interest method. Derecognition of financial liabilities Flnanclal Ilabllltles are derecognised when the charlty's contrattual obllgatlons explre or are discharged or cancelled. Pensions The charlty operates a defined contrlbutlon scheme for the benefit of Its employees. The assets of the scheme are held separately from those of the charlty. Contributlons payable are charged to the profit and loss account in the year they are payable and are charged agalnst unrestricted funds Redundancy Any redundancy payments are recoonlsed when the redundancy payments a￿ made to the exiting employees. Taxatlon s a reglstered charlty, Uamau is entitled to the exemption from taxation in respect of Income and capital gains received wtth Sections 478-489 of the Corporation Tax Att 2010 and section 256 of the Taxation of Charyeable Gains Att 1992 to the extent that these are applied to its charltable objects PLtrp05e5 only. Incoming resources Income is recogn15ed when the tharity is legally entitled to It after any performance conditions h3ve been met, the omount5 can be measured reliably, and it is probable that Income will be received. Grants Grants are Included on a ￿CeiVable basis. Those glven for a specific purpose are shown as restricted funds. All other grants are shown as unrestritted and used in the furtherance of the obJettive5 Of the charity Donatlons Income Donations and slmilar incoming reSoUr￿S are recognised when they are recelved. Any donatlons in kind are Induded as Income at a fair value. Donated time by volunteers is not included. Funds General fvnds are unrestricted funds whlch are avallable for use at the dlscretion of the tru5tee5 In furtherance of the general objects of the tharity and which have deslgnated for other Page 41 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 purposes. Designated funds comprise unrestricted fund5 that have been set aslde by the trustees for partlcular purp05e5. Restrltted fijnds are those whlch are to be used In accordance with specific restrictlons imposed by donors or whlch have been raised by the charfty for particular purposes. The cost of ralslng and admlnisterlng such ￿ndS is charged agalnst the speclflc fund. The alm and use of each restricted fund Is set out In note 18. Resources expended Costs of charitable actlvltles Include the direct costs of running the facil ities and providing staff for the various schemes, Liabilities a￿ recognised as resources expended as 500n as there Is a legal or constructlve obligatlon committlng the Charlty to the expendlture. As the Charity 15 not reglstered for VAT all tax suffered is included as part of the relevant expense. Governan￿ costs are the costs assoclated wlth the govemance of the Chèrlty as opposed to the costs a550ciated wlth charltable artivitles. Such costs Include legal fees for Trustees, audlt and accountancy fees, staff tlme spent arranging Trustee meetlngs and other costs associated wlth constitutional and statutory requirements. Support costs Include central functlons and have been allocated to actlvlty cost categorles on a basis conslstent wlth the use of resources, for example, allotating property costs by floor areas, or per capita, staff CDsts by the tirne spent and other costs by their usage. Prepayments Items of advance expendlture over £500 in value are classified as prepayment5 and a￿ held on the balance sheet wlth expenditure released to the Income and expendlture account in Èqual instalments over the duration of the service. Operatlng Leases Rentals payable under aperatlng leases are charged In the statement of flnancial activities on a stralght line basis over the lease term. Finance leases Leases are classified as finance leases whenever the tems of the lease transfer substantially all the risks and rewards of ownershlp to the lessees. All other lease5 are classified as operatlng leases. Assets held under flnance leases are recognlsed as assets at the lower of the assets fair value at the date of i￿￿ptIOn and the present value of the minimum lease payment5. The related 1Sablllty Is Included In the balance sheet as a fInan￿ lease obligation. Lease payments are treated as cons15ting of capital and interest elements. The interest Is charged to net Income/ (expendlture) for the year 50 as to produce a constant perlodlc rate of Interest on the remalning balance of the Ilèbility. Investfflents Investments income 15 accounted for on an accruals basis, Incorne wlll be accrued when it is expected, is measurable and relates to the activity undertaken in the flnanclal year. Any investments that are held for resale or pending thelr sales are classed as current asset investments. Investments are a form of baslc flnanclal Instrument and are Inltlally recognlsed at their transaction value and subsequently measured at thelr falr value as at the balance sheet date Using the closing quoted market prlce. Gains and1055es arising on the di5P95al of investments and the revaluatlon to market value are charged or credited to the statement of flnanclal activities in the year. The rnaln form of flnanclal rlsk faced by the charty Is the volatllity in equity rnarkets and investment markets due to wider economic condition5. Page 42 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year End8d 31 March 2025 Fixed Assets All tangible fixed assets are capitallsed on initlal acqu isition and induded In the balance sheet at cost. They indude costs that are directly attributable to bringlng the a55ets into working condition for thelr intended use. Depreciation Depreciation is calculated $0 a5 to write off the cost of an asset. less its estimated residual value, over the useful economic life of that a55et as follow5". Freehold Pmperty 50 Years Straight Line offl￿ Equlpment 5 Years Straight knne Fixtures, Fittlngs and refurbishment 4 Years Straight Line Motor Vehicles 4 Years Straight Line Information Technology Equlpment 3 Years Strdight Llne Impairment of fixed assets Recoverable amount is the hlgher of foir value less c05t5 to sell and value In use. In assesslng value in use, the estimated future cash flovw5 are discounted to thelr present value using a pre- tax discount rate that reflects current market assessments of the tlme value of money and the rlsks speciflc to the asset for whlch the estlfflates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be le55 than its carrying amount, the carrylng amount of the asset Is redU￿d to its recoverable amount. An impairment loss Is recognised immediately in income/ (expendlture) for the year, unless the relevant asset Is carried at a revalued amount, in whlch case the impalrment 1055 15 treated as a revaluation decrease. Recognlsed Impalrment losses are reversed If, and only If, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the Increased carrying amount does not exceed the carrying amount that would have been determined had no impaimient loss been recognised for the asset in prlor years. A reversal of an impairment loss Is recognised Immedlatelyi unless the relevant asset Is carrled In at a revalued amount, in whlch case the reversal of the impairment Ios5 IS treated as a revaluation increase. Intanglble flxed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated itnpairrnent losses. Amortisatlon 15 recogni5ed so as to wrlte off the cost or valuation of assets less thelr residual values over their useful lives on the following bases: Corn puter software 3 Years CRITICAL Accouf4TING EsfIMATES AND JUDGEMENTS In the application of the charttY'5 accounting policles, the Trustee5 are requlred to make Judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other SOU￿5. The estimates and a550ciated 055umption5 are based on hlstorical experience and other factors that are consldered to be relevant. Actual results may dlffer from these estlmates. The estlmates and underlying assumptlon5 are reviewed on an ongoing basi5. Revlsions lo accounting estlmates are ￿CogniSed in the period In which the estimate is revised where the Page 43 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future perlod5. INVEsfMENTS Unrestrlcted Funds Restricted Totsl Funds Total Funds Funds 2025 2024 Interest on cash deposits Galn on Investment 21,090 21,090 38,746 Unrestricted 2025 Unrestricted 2024 Balance at 1st April 2024 Additions D15posa15 Unrealised Gain Realised Gain 1,257.715 1,404,310 (181,996) 35 401 Balance a5 at 315t March 2025 1 276 782 1,257 715 The Trustees have agreed to invest fvnds via the Charltles Ald Foundatlon (CAF). CAF have appointed LGT Wealth Management UK LLP as the investment manager for all CAF funds arKI therefore our funds have been trdnsferred to LGT. We retain one portfolio, for Investlng for Capltal Growth. wlth a low rlsk proflle. The Trustees contlnue to monltor perfomiance and the risvreward of the investment portfolio. Page 44 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2026 GRANTS AND OTHER FUNDING For details of deferred Income see note 12 Unrestrlcted Funds Restricted Total Funds Total Funds Funds 2025 2024 Donations and Legacles Admiral Asstd Trust Donatlons <£5k BBC Children In Need Centrepoint Communlty Foundation Wales Donatlon5 & Fundraising <£5k Denbigh5hire Garffield Weston Foundatlon GE Aviatlon General Dynamlcs George Mlchael Foundatlon Glft Aid Clalmed Great Western Rallway Homfray Charitable Trusts Huggard Charitable Trust Jenour Foundatlon J Hodge Foundatlon LandAid Linn Mardon Lovell Merial Gwyneth Lea Charitable Mess Up the Me55 NatSonal Lottery Cornm Fund Noel Buxton Charltable NEST Puffin Group Slmon Gibson Family Charitable frusts Social Swansea Councll Swltch Taith Tudor WCVA West Glam Region Partnership Total Donations and Legacies 10,983 700 1.000 21,073 11,983 21,773 58,200 17,364 18,000 67,104 70,485 2,185 24.852 5,920 25,000 70,485 2.185 246,827 5,920 25,000 5,000 10,000 45,000 13.123 221,975 270,933 5.000 10,000 45,000 13,123 13,566 5,000 5,000 4,000 2,000 10,000 71,250 5,000 4,000 2,000 5,000 29.000 2.000 25,000 3,750 3,750 4,000 1,133 10,000 4,000 1,133 io,ooo 10,000 4,375 757,612 3,000 729,727 729,727 4,999 4,999 17,121 8,000 10,000 10,000 4,500 4,500 10,108 10.000 10,000 10,521 5,000 8,333 10,521 5,000 8,333 19,167 56,088 296.281 1,055,066 1.351.347 1,427,888 Unrestricted Funds RÈstricted Totsl Funds Total Funds Funds 2025 2024 Charltable Artlvltles Cardiff CC - RISE CCBC Social Service5 Ch ildren's Services De-brlefing Contrart5 Education Fundlng Families First Fundlng Health Housing Support Grant Mlni5try of Justice Newport CC - IDVA Services other Income PAT Testing 249,989 155,946 2,988.709 93,000 357,580 310.738 95,000 249,989 155.946 2,998,709 93,000 357.580 310.738 95,000 9,484,521 191,564 135,830 1,715,849 390,839 334,227 301,969 196,158 8,925,937 88,383 190,895 52,841 32,469 9,484.521 189,482 189.482 271,239 28,473 271,239 28M73 Page 45 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 Rent & Service Charges Shared Prosperity Fund Supported Lodglngs Income Training Income VAWDASV Welsh Gov. Bereavement Support Welsh Gov. Transitional Fund Total Charltable Artivities 5,737,466 513,805 5,737,466 513,805 116,959 195.336 158,138 5,371,627 201,104 118,315 163,590 110,979 116,959 195,336 158,138 63,896 63,896 1481 637 1481 637 6 261 074 22.491 914 68,927 1 757 880 20 349 383 16 230 840 COSTS IN FURTHERANCE OF CHARITABLE OBJEcrs Unrestrlctsd Restricted Funds Funds Fund Totsl Funds raising 2025 Costs Totsl Funds 2024 staff Salary Costs Staff Training Rent, Rates, Light & Heat, Insurance and Cleanlng Telephone, Advertlslngi P05tage, Statlonery, Prlntlng and Office Costs Repalrs, Renewals and Malntenance Travel & Sub515ten HA Management Charge5 Other Costs Grants to Other Organlsatlons Governan Depreciation/Amortisatlon Loss on Dlsposal of Asset 11,284,817 6,086,064 371,252 17,742,133 111,757 58.637 3,960 174,354 16,579,211 165,085 916,777 81700 1,827 I,OOX,304 971,321 723.643 265,481 60,830 1,049,954 739,730 867.103 36,714 1,984,675 58,888 357,370 37,156 187,823 58,777 155,971 18,434 450,207 89.933 54,057 35,399 925,880 196,137 003,109 515,965 447,303 91,213 225,030 872,368 219,394 1,826,777 490,265 543,017 127,033 202,743 3,452 6,870 1,808 16,571,328 7 355.660 449,999 24 376,987 22 736 944 COSTS OF CHARITABLE ACTIVITIES Activities Undertaken Directly Total Funds 2025 Totsl Fundg 2024 Support Costs Charitable Activity Costs 21 467,005 21 467 005 2 459 983 23 926 988 22 231 091 2 459 983 23 926 988 22 231 091 Pag• 46 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Endgd 31 March 2025 TOTAL RESOURCES EXPENDED Total Funds 2025 Total Funds 2024 Staff Costs Depreclatlon Other Costs Direct Charitable Actlvltles Fundraislng 17,370,881 371,252 17 742 133 223,222 6,332,885 23,926,988 22,231,091 505.853 6 409 824 24 376 987 22 736 944 225 030 The aggregate payroll ￿sts were: 2025 2024 Wages and salaries Social security costs Pension costs 14,545,936 1,248,605 708 051 16 502 592 13,868,968 1,199,337 686,886 15 755 191 2025 No. 2024 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 £90,001 £100,000 Employer pension contributlons for the above emoluments totalled £39,179. None of the Trustees re￿1Ve0 any remuneratlon for thelr servlces and dld not claim any expenses. Key Management Personnel The key management personnel of the charity are as detailed in the Trustees report. The total employee benefits (including salaryi employerfs natlonal insurance and pension) of the key management personnel of the charity were £579,833 (2024: £486,420). Penslon deflned contribution scheme The Charity makes payments to a defined contrlbutlon schemes for the benefit of its employees. The assets of such schemes are held separately from those of the charltable company in Independently admlnlstered funds. 2025 2024 Pension costs Outstanding contributions 708,051 686,886 3,507 Page 47 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Endod 31 March 2025 Particulars of employees The average number of full time equivalent staff employed by the charity dur5ng the flnancial year amounted to: 2025 No. 50 442 492 20Z4 No. 43 454 497 Management and admini5tratlon staff Servlce staff During the year, Llamau had to make the decision to reduce the number of posts (where funding was no longer available). As a result, three roles were made redundant at a cost of £14,907.14. Redeployrnent within Uamau was offered to those Individua15 affected. OPERATING SURPLUS Operating surplus is stated after charglng: 2025 2024 Staff pension costs Operatlng lease5 Depreciation/Amortisation Audltors remuneratlon as audltors 708.051 137,153 225,030 686,886 133,396 202,743 TANGIBLE FIXED ASSETS Freehold property Equlpment xtureg & Motor Flttlngs vehicles IT Total COST At l Aprll 2024 Additions Dlsposals At 31 March 2025 1068.197 2,068,197 39,341 635,305 129,493 746,862 3,619,198 6,B75 15.950 141,098 163.923 (20,989) (14,500) (319,512) (380,793) 621,191 130,943 568,448 3,402,328 (25,792) 13,549 DEPRECIATION At l April 2024 Ellminated on Disposal Charye for the year At 31 March 2025 365,659 39,341 508,753 85,165 622.159 1,621,077 (25.792) (17,518) (5.135) (319,479) {367.924) 56,461 21.463 105,742 225,030 547.696 101,493 408,422 IN78,183 41,364 407,023 13,549 NET BOOK VALUE At 31 March 25 1,661,174 At 31 March 24 1,702,538 73,495 29,450 160,026 1,924,145 126,552 44,328 124,703 1,998,121 Page 48 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Yfror Ended 31 March 2025 10. INTANGIBLE FIXED ASSErs IT Totsl COST At l Aprll 2024 Additions 92,960 92,960 At 31 March 2025 92.960 92.960 AMORTISATION At l April 2024 Charge for the year At 31 March 2025 92,960 92,960 92,9fj0 NET BOOK VALUE At 31 Mèrch 2024 At 31 March 2025 11. DEBTORS 2025 2024 Rent debtors Other debtors P￿payMentS 709,227 2,065,164 325,205 3 099 596 582,331 1,914,092 285,332 2 781 755 12. CREDITORS: Amounts falling due withln one year 2025 2024 Trade Creditors PAYE and Social Security Payroll & Pensions Creditors Deferred Income & Accruals Tenant Grants Mortgage on Property 499,868 328,383 137.156 537,898 2,820 28.669 417,025 303,059 152,883 465,183 2,265 37,053 1 534 794 1377 468 Deferred Income carrled forward for use in 2025126 amounts to £217,403. The reason for the referral being, that the condltlons to enable the grant to be fvlly utilised have not been met. 2025 2024 Balan￿ as at 1st April 2024 Income received in the year Released to income Balance as at 31 March 2025 164,690 405,407 21491,914 20,349,383 (22 439 201 .￿ (20 590 IOOL 217,403 164,690 Page 49 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 13. CREDITORS: Amounts falling due after one year As part of the SYSHP merger. Uamau took on the remainder of the mortgage on the property in Swansea. Additionally, the remalnder of a flnance lease on our photocopiers and franklng rnachlnes. 14. FINANCIAL INSTRUMENTS 2025 2024 Carrying amount of financial assets Investments measured at fair value Debt instruments at amortised cost 1,276,782 2 774 391 1.257.715 2 496 423 4 051 173 3 754 138 2025 2024 Carrylng amount of financlal Ilabllltles Measured at amortised cost 989 008 989 008 937 509 15. OPERATING LEASES 2025 2024 Due <1 year Property Photocopiers 131.977 128,956 137,153 140 245 Due 2-5 years Property Photocoplers 92.200 148,750 155 774 Due >5 years Photocoplers TOTAL 231 200 296 019 Property Uamau currently lease four properties wlthln South Wales, and the lease on the two ￿ntral office propertles have been extended to be co termlnus. Obllgatlons under finan¢e leases and hlre purchase contracts: 2025 Future minimum lease payments due under finance leases Amounts payable. Within one year withln two to five years Over flve years 5,176 1,847 7,023 Page 50 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 Photocoplers are held under finan￿ lease arrangements. Finan￿ lease liabilities are secured by the related assets held under finance leases. The lease agreements generally include fixed lease payments and a purchase option at the end of the lease term. 16. ANALYSIS OF FINANCE LEASES FlnanTr lease obllgatlons are classified based on the amounts expected to be Settled within the next 12 months and after more than 12 months from the reportlng date, as follows: 2025 Current Liabilities Non-current Liabllities 5,176 17. UNRESTRICTED FUNDS At l April 2024 Gain on At31 Transfer Investment March 2025 Income Expenditure General Designated 5,989,275 16,549,131 17,021,327 19,067 5.536,146 5 989 275 16 549 131 17,021 327 5,536, 146 At l Aprll 2023 Gain on At31 Expenditure Transfer Investment March 2024 Income General Designated 6,513,787 15,090,887 300 000 6,813 787 15,090,887 {15,655,456) 300,000 15,955,456) 40,057 5,989,275 40,057 5,989 275 General funds represent unrestricted fund5 which the trustees are free to use in accordance with charitable objects. At 31st March 2023 the trustees had designated One fund to enable a cost of living increase for colleagues. Pago 51 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Yaar Ended 31 March 2025 18. REsfRICTED FUNDS Balance at l Apr 2024 Incoming Outgoing Balance at 31 Mar 2025 Admiral Asstd Trust Donations <£5k Caerphilly CBC Soclal ServI￿s Caerphilly Women's Aid Merger Cardiff CC - RISE Centrepolnt Children In Need ChIld￿n,$ Servlces Communlty Foundatlon Wales Debrlefing Contracts Denbighshire Donatlons (General Public) Education Fundlng Family First Fundlng Garfield Weston Foundatlon George Mlchael Foundation Health Huggard Foundatlon Landaid Lovell Meriel Gwyneth Lea Charitable Moondance National Lottery Community NESr Newport CC - IDVA Simon Gibson (Inc. GC Gib50n) Supported Lodgings Income Taith VAWDASV WCVA West Glam Regional WG Bereavement Support WG Transltlonal 1.000 21,073 155.946 1.000 20,064 155,946 10.320 249,9B9 68.994 5,400 988,709 3,462 93.000 5.920 21,352 357,580 310,738 20.833 45,000 95,000 25,000 3,750 1,133 10,000 20,833 762,105 4,999 189,482 083 3,092 5¥408 42,088 249.989 70.485 1.491 5,400 ¥988,709 185 93,000 5,920 24,852 357.580 310,738 25,000 45,01)0 95.000 25,000 3,750 1.133 10,000 5,000 3,723 3.500 4,167 20.833 149.831 729.727 4,999 189.482 10.000 116.959 10.521 158,138 8,333 56,088 63,896 1.481 637 7 316 140 117B53 10.000 116.959 10,521 158,138 8,333 56,088 63,896 1481.637 7 355 660 235 555 196 035 Pag• 52 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 revl Balance at l Apr 2023 Jncoming Outgoing Balance at 31 Mar 2024 Admlrnl gstd Trust Donations <£5k Caerphilly CBC Social Services Caerphilly Women's Aid Merger Cardlff CC - RISE Children In Need Ch ildren's Servlces Community Fundralsing Corporate Giving Debriefing Contracts Education Funding Everyyouth Farnily Flrst Funding Fundraising Events Great Westem Railway Health Individual Glving Jane Hodge Foundation Landaid Mary Homfray Charitable Trust Merlel Gwyneth Lea Charitable Mess up the Mess Ministry of Justlce Moondance Natlonal Lottery Communlty Newport CC - IDVA Noel Buxton Charitable Simon Glbson (Inc. GC Gibson) Supported Lodgings Income Swansea Council VAWDASV Waterloo Foundatlon (LTPF) WCVA West Glarn Regional WG Bereavement Support WG Tron5itional 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) (12,101) (110,979) (27,445) (22,508) (56.088) (68,927) 11 757,880J_ 6,781 488 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 10,108 110,979 1,993 27,445 3,341 19,167 56,088 68.927 1,757,880 6 726,478 290 565 235 555 Admiral Funding to support our Education@Uamau pmvision. Asstd Trust Donations These donations were each £3,500 or less and covered a number of projects, p￿dOmInantIY our Involvement and Engagement attivities. The outstandlng balan￿ wlll cover our Merthyr Gardening project in 2025126. Caerphilly CBC - Social Servlces Funding from Caerphilly CBC to provide three workers for our Upstream Cymru work In the Caerphilly area. Additionallyi our Education@Uamau Engagement Worker. Caerphilly Women's Aid Meryer Reserves of Caerphllly Women's Aid held as a result of the merger between the two charities in the financial year ended 31 March 2011. Paga 53 LLAMAU LIMITED COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEKrs Year Ended 31 March 2025 Cardlff CC - RISE Funds to deliver houslng related support servlces to domestic abuse servlces In Cardlff. These servlce5 are delIve￿d in the RESE partnership with BAWSO and Cardiff Women's Ald. Centrepolnt Funding to 5UPPOrt our Counselling servI￿s. and to provlde two pots of money to which the people we support can apply for materials to help with education or moving home. The outstanding balance will be awarded for applications in 2025126. Children In Need Fundlng to support out Involvement and Engagement programme. Children's SeThices A number of our *rVi￿S across Wales are funded by Children'5 Services departrnents Including serVI￿S withln Brldgend. Caerphllly, Cardlff, Neath Port Talbot, Powys, Torfaen and the Vale of Glamoryan. Communlty Foundatlon In Wales Various pots of money distributed through the Cornmunity Foundation In Wales to support with Involvement and Engagement attlvltles In the Gwent area. The outstanding balance wlll be used in our Young People's projects in 2025126. Debrlefing Contracts Fundlng to develop and supply an Independent Debrlefing and Medlatlon servlce to Young People reported missing in the Dyfed Powys Police Authorlty aw. Denblqhshire Fundlng from the Denbighshlre Key Fund to support the work of Ty Pride. Donatlons (Community Fundraislngp Corporate Glving and Indivldual Glvlng) Assorted Donatlons from the general public towards our Jnvolvement and Engagement Activities, including specific sponsorship of our Llamau festivals - two days of activitles and food for the people we support. Education Funding Support through our Work Based Learning contract. Famllles Flrst Fundlng This funding was awarded to support Children and Young People affected by Domestic Abuse under the Induslon and Support Service. Gartleld Weston Foundation Funding to support our Education@Llamau provision. George Mlchael Foundatlon Fundlng to support Ty Pride and our Upstream Cymru provision. Health Funding to support projetts suth as IRIS which are primarily Health Based, supporting victims of Domestic Abuse and people we support who need support with their emotional and merjtal health. Hu9gard Foundation Funding toward5 our Coun5elllng service. Landaid Funding to support a renovation to the layout and usage of Spa￿ In one of our oldest houslng projects. Lovell Fundlng towards our Upstream CyrnN provision. Merlel Gwyneth Lea Charltable Trust Funding towards our Upstream Cymru provision. Page 54 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 Moondance Funding towards a Wellbeing Colleague 5UPPOrting our colleague team. National Lottèry Communlty Fund Our My Way Home project funded by the National Lottery Community Fund supporting a five year multi-oryanisation approach to homelessne55 for young people in Cardiff. Llamau are the IEad Dartner. NEST Funding to support the provision o Digital Resources to Amplify the Volces of Young People we Support in our Educatlon provision. Newport CC - IDVA The provision of an IDVA (Independent Domestic Violence Adviser) service in the Gwent area. Simon Gibson Charitable Trust (including the Gibson Family Charitable Trusts) Funding towards our Education@Llamau programme. Supported Lodglngs Thls scheme Is deslgned to bridge thls gap between adolescence and adulthood allowlng young people to prepare for living in the communlty. Talth This is a grant towards an overseas trlp for young people which wlll take pla￿ In 2025/26. Violence against women. domestic abuse and sexual violence (VAWDASV) The Violence against Women, Domestic Abuse & Sexual Violence (Wale5) Act 2015 focusses on the prevention of these issues, the protection of victims and support for those affected by such i55ues. WCVA Funding towards our mentorlng progrdmme. West Glam Regional Partnership Funding towards counselling services in the West of Llamau's support areas. WG Bereavement Support Fundlng from the Welsh Government to support a Bereavement Counsellor. WG Transitional Funding Funding from Welsh Government under their Transitional Funding programme supportlng new inltlatlves to tad(le homelessness. Page $5 LLAMAU LIMITED COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 19. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds) Net Current Assets less Creditors over i year Tanglble Intangible Fixed Asset Fixed Asset Investment Total GAVO Garfield Weston Caerphilly Women's Aid Other grant5 for people we support Taith Natlonal Lottery My Way Home B&Q FoundatSon 3,723 4,167 3,723 4.167 42,088 42.088 14,991 10,521 14,991 10,521 117,453 117,453 Restricted Funds Unrestrirted Fund 196,035 2,335,219 196,035 5,536,146 1,924,145 1,276,782 Total Funds 1 924 145 1 276 782 2 531 253 5 732 181 Net Current Assets less Creditors over l year Tanglble Intangible FTxed Asset Fixed Asset Investment Total Caerphilly Women's Aid Children In Need C&V UHB Moondance Bursary schemes My Way Home Restrlcted Funds 52,408 5,4QO 2,083 20,833 5,000 149 831 235,555 52,408 5,400 2,083 20,833 5,000 149 831 235,555 Unrestricted Fund 1,998,121 1,257,715 2,733,439 5,989,275 Total Funds 1 998 121 1 257 715 2,968,994 6 224 830 20. RELATED PARTY TRANSACTIONS There were three (2024: two) related party transactions during the year. An unre5trlcted donation for £4,000 was recelved from the Huggard Charltable Trust, a further £25,000 towards the costs of our Counselling seNi Mr A Chlplen (Dlrector of Flnance) Is a trustee of the Huggard Charitable Trust. Additionally. Prof Peter Mackie (Chairman) works for Cardlff University who are supporting the My Way Home project by completing monitoring and research. Pago $6 LLAMAU LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Year Ended 31 March 2025 21. COMPANY UMrrED BY GUARANTEE The Charlty Is a company Ilmlted by guarantee wlth no share capital. 22. PRIOR YEAR COMPARAfivES - 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted Funds Restrlcted Total Funds Total Funds Funds 2024 2023 Note Income and Endowments from: Donatlons and Legacies 303.225 1,124,663 1,427,888 1,525,007 Investment Income 38,746 38,746 20,281 Charitable Attivities 14,747,566 5,601,815 20,349,383 19,339,775 F5xed Asset Disposal Totsl Incoming Resources 15 090,887 6,726 478 21817 365 20 885 063 Resources Expended on: Raislng Funds 505,853 505,853 434,306 Charitable Activltles 15 449 603 6 781 488 22,231 091 2D,437,662 Totsl Resources Expended 15,955,456 6 781488 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) Reconclliation of Funds Total funds brought fonvard 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