Annual Report 2017/2018

 

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Annual Report 2017/2018 adref Addressing Homelessness; adref N-BLWY Realising Potential RY PE NIVERSA DD AN

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Chair's Report This is the first report that I have written as Chair and it has been a busy year. In 2017 we began the process of structural change and this is starting to r e a p r e w a r d s n o w . P r o j e c t s a r e m o r e c o n s i s t e n t i n terms of service delivery and staff have structure and support to enable them deliver in their posts. During the 2017/18 year funders began to look at how they commission and fund services. This caused concern as we expected our income to be affected. After a couple of years of being in deficit the Board decided to grasp the nettle and look at areas where Adref can maximise funding and reduce costs – hence the Budget Review subcommittee was created. As 90% of Adref costs are staff costs this has obviously been a period of uncertainty for staff but I hope that we have managed to make savings and avoid staff redundancies. I thank them for their steadfastness during this period and still managing to deliver exceptional services for our service users. Can I also pass my thanks on to the Board for their o n g o i n g c o m m i t m e n t t o t h e c h a r i t y a n d d e c i s i o n making during the year. Bryn Davies adref

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Operations Report

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Shops Report This year the shops have once again donated a huge amount of goods for people starting off a new tenancy, those in need already accommodated and those living rough on the streets of Merthyr Tydfil and Rhondda Cynon Taff. adref We also want to say a big thank you to all of our volunteers without whom none of the work we do would be possible

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ADREF LIMITED (Registered Charity Number 703130) ABBREVIATED ACCOUNTS For the Year Ended 31st March 2018 The following figures are taken from the full audited financial statements of Adref Limited for the year ended 31 March 2018, signed by the Trustees on 15 October 2018 and will be submitted to the Charity Commission and the Registrar of Companies. The auditors, Haines Watts Wales LLP, whose opinion was unmodified, have confirmed that this summary is consistent with the full report. These summarised accounts may not contain sufficient information to allow for a full understanding of the financial affairs of the Charity. For further information the full accounts, auditor’s report on those accounts and the Trustees’ annual report should be consulted; copies of these can be obtained from Adref Limited, 54-55 Bute Street Aberdare CF44 7LG Fixed assets comprising property and equipment Debtors being what the charity is owed from: Rents, grants and expenditure in advance Cash, being monies held at the bank and in hand Less: What the charity owes Deferred income Suppliers & other creditors Leaving what the charity owns 2018 £ 530,342 310,443 303,333 1,144,118 (9,231) (151,003) (160,234) £983,884 2017 £ 559,411 150,786 468,063 1,178,260 (1,500) (106,633) (108,133) £1,070,127 How this was created: By restricted funds By designated funds By un-restricted funds Annual Operations: Where your money come from: Unrestricted Funds £ Accommodation related charges Grants Interest received Activities for generating funds Other income 736,900 1,269,698 2,573 107,439 1,215 Less: Expenditure relating to the provision of charitable services 2,117,825 2,193,683 Total resources expended 2,193,683 Net Incoming Resources Total funds brought forward (75,858) 992,570 Total funds carried forward £916,712 Restricted Funds £ - - 10,385 10,385 (10,385) 77,557 £ 67,172 67,172 280,414 636,298 £983,884 2018 Total £ 736,900 1,269,698 2,573 107,439 1,215 2,117,825 77,557 276,386 716,184 1,070,127 2017 Total £ 715,601 1,331,315 4,519 103,504 2,437 2,157,376 2,204,068 2,204,068 (86,243) 1,070,127 £983,884 2,208,639 2,208,639 (51,263) 1,121,390 £ 1,070,127

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Adref Ltd. 55 Bute Street, Aberdare, CF44 7LD Tel: 01685 878755 Fax: 01685 881202 Email: info@adref.org.uk Twitter: @adref_info www.adref.org.uk Registered Charity No: 703130 Company No 2459797 Pictures and case studies within the report do not necessarily match. adref Addressing Homelessness; adrefRealising N-BLWY Potential RY PE DD AN NIVERSA Trustees Bryn Davies Geraldine Jones Clive (Richard) Bennett Joy Bishop Observer Julie Richards

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