REGISTERED CIIARITY NUMBER: 1047314 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEIYTS FOR THE YEAR EIYDED 31 MARCH 2025 FOR THE ABBEY ROAD CENTRE Canolfan Abbey Road uJilliomsdenLon ACCOUNTANTS & TAX ADVISORS
THE ABBEY ROAD CENTRE COIYTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees I to 4 Independent Examiner's Report Statement of Financial AetivAtles Balance Sheet Notes to the Financial Statement5 8 to 14
THE ABBEY ROAD CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustccs presenttbeir report with thc fanCIal stat¢ments ofth¢ ¢harity for the year ¢nd¢d 31 March 2025. The ttust¢¢s have adopfrd the provisions of Accounting and Reporting by Charities: Statement of Recommcndcd Practice applicable to charities preparing their accounts in accordance with the FiDancial Rcporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objectives and aims To improve the mental health of those experiencing problems. This could include d¢pr¢ssion. anxiety, drug and alcohol abuse and other social problems. To improv¢ and modify the public's attitude to such problems, thus enabling supportive approa¢h¢s to assist the service users to ¢ngag¢. W¢ work with other agencies. both directly and indirectly, who are involved and active in the field. The planning and monitoring of curr¢nt and future services is sensitive to iDpui from service us¢rs as w¢ll as carers and the voluntary sector. Plans for the tUre will be in accoTdanc¢ with th¢ guidelines of the Charity Commission. Public benefit The trustees confirni that they hav¢ r¢f¢rred to the guidance contained in the Charity Commission's genera] guidance on public benefit when reviewing the charity's aims and objectives and in planning tre activities. ACHIEVEMENT AND PERFORMANCE Charitable activities- How our aetivities deliver public benefit The Centre has continued to work towards raising and maintaining our mental health and wellbeing. reducing stigma and displaying good practic¢ throughout ils work. The service continues to raise awareness of mental h¢alth issu¢s through partnership work with the Statutory and 3rd Sector Agencies. Thc Drop In continues to support the mental health and wellbeing of its community, welcoming new members and initiating new projects. F[ANCL REVIEW Financial position Overall there was a surplus this year of £5291 compared with a dcfi¢it of £569 in 2024125, Icaving total reserves at 31 March 2025 of £91.504 (£88,404 unrestrictcd and £3.100 Testricted). Reserve$ poliey and going eoneern The level of the R¢scrves will be reviewed by the Board and that unless otherwise agreed, the organisation will strive. in line with good practic¢. to maintain a minimum reservc ¢quivalent to at least current three months running costs of the organisation. which are currently achieved, and ¢ndeavour to make good and maintain thc ¢quivalcDt of six months rumiing costs. The charitable company's suryival is largely depend¢nt on funding from local authorities, local health boards and government agencies. Althougb there was an ov¢rall small deficit in the year, wbi¢h was anticipated, there was a Slwplus in the unr¢strict¢d reserves which have improved these res¢rv¢s. Therefore the trnstees still consid¢r it appropriate to prepare the fmancial statem¢nts on a going concern basis as there are suffici¢nt reserves to carry forward. Page I
THE ABBEY ROAD CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document & Charity Constitution The charity converted from a Company Limited by Guarantee to Charitable Incorporated Organisation {CIO) on 30 Novemb¢r 2023 as amended on I l Dec¢mber 2023. The constitution adopted on conversion was based on the Charity Comn)ission modcl (Foundation constitution v2 and objects v2). Membershi of th¢ CIO (l) The members of thc CIO shall be its charity trustees for the time being. The only persons eligibl¢ to be members of the CIO its charity trustees. Membcrship of th¢ CIO cannot be transferred to anyone else. (2) Any member and charity trust¢¢ who ceases to be a charity trust¢¢ automatically ceases to be a member of the CIO. STRUCTURE. GOVERNANCE AND MANAGEMEIYT Recruitment and appointment of Dew trustees The charity trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. Eli ibili for trusteeshi {a) Every charity trust¢¢ must be a natural person. (b) No individual may be appointed as a charity trnst¢¢ of the CIO: if he or she is under the age of 16 years. or Af he or she would automatically ¢¢ase to hold olfice under th¢ provisions of clause [12(1 }(e)]- (c) No one is entitled to a¢t as a charity trusfr¢ whether on appointment or on any re-appoititment until he or she has expressly acknowledged. in whatever way the charity twst¢¢s decide, his or her acceptance of the office of charity tLUSt¢e. (d) At least on¢ of the trnstees of tb¢ CIO must be 18 y¢ars of age or over. If there is no trnstee aged at least 18 yeats, th¢ remaining trustees may only act to call a me¢ting of the charity trustees, or appoint a new charity trustee. Number of chari trustees (a) Th¢re should be not l¢ss than one nor mor¢ than two nominated trustees. (b) There must be at least three Charity trustees. If thc number falls below this minimum, the renvdining lrnstee or trnstees may act only to call a meeting of the charity trustees. or appoint a new charity tAUStee. (c) The maximum number of charity trustees that can b¢ appointed is as providcd in sub-clause (a) of this clause. No trustee appointment may be made in excess of these provisions. ointed charil twstccs (a) Apart from the rst charity trustees, evcry appointed trust¢¢ must be appointed for a t¢rni of three years by a resolution passed at a prop¢rly convened me¢tAng of the charity trust¢cs. O)) In selecting individuals for appointment as appointed charity trustees. the charity tnTStees must have regard to the skills, knowledge and expcrience needed for th¢ ¢ffective administration of the CIO. Nominated Tnte¢ (a) Gwynedd Council (the appointing body) may appoint one charity trustee. Ib) Any appointment must be made at a meeting held according to the ordinary practice of the appointing body. (c) Each appointm¢nt must be for a t¢rni of three y¢aTs. (d) The appointment will b¢ effective from the later of: (i) th¢ date of the vacancy. and {ii) the date on which the charity trustees or their secretary or clerk ar¢ infonned of the appointtnent. (e) Th¢ person appointed need not be a member of the appointing body. Pag¢ 3
THE ABBEY ROAD CENTRE REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2025 (fj A trustee appointed by tb¢ appointing body has th¢ sam¢ duty und¢r claus¢ 9(1) &8 the other charity slces to act in the way be or she decides in go(Ml faith would be most lik¢ly to further th¢ purpos¢s of the CIO. Inforniation for new charit tNstees The charity lrnstees will make available to eacb new charity trustee. on or before his or her first appointment: (a} a copy of the current version of this constitution. and Ib) a copy of thc CIO'S latest Trustees, Annual Report and statement of accounts. REFEREIYCE AND ADMINISTRATIVE DETAILS Registered Charity number 1047314 Prin¢ipal address 5-9 Abbey Road Bangor Gwynedd LL57 2EA Trustees J M Martin L J Jones J H W Jon¢s (Chair) Cllr C E Wager (resign¢d 12.2.25) Cl]r P J Rowlinson A Griffiths (r¢sign¢d I1.12.24} Ms S Jones {appointed 8.5.24) Dr N Young (appointcd 12.2.25) Independent Examiner Williams Denton Cyf Chartered Certificd Accountants Glaslyn Ffordd y Parc Pa M¢nai Bangor Gwynedd LL57 4FE Senior Management Ms F W Owens - Chief Officer Page 3
THE ABBEY ROAD CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for prq)artng the Report of the Trustccs and the financial statements in accordance with applicable law and Unifrd Kingdom Accounting Standards (Unit¢d Kingdom Generally Accepted A¢¢ounting Practice). The law applicable to charities inEngland and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provi5i0ns of the trust deed requires th¢ twstees to prepare financial statements for ¢a¢h fmancial year which give a true and fatr view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditur¢. of the charity for that period. tn preparing those financial statem¢nts. th¢ trustees are required to s¢l¢ct suitable accounting poli¢i¢s and then apply them consistently" observe th¢ methods and principles in the Charity SORP. m£d(e judgemcnts and estimates that are reasonable and prudent: prepare the financi21 statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees ar¢ r¢sponsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posltion of the charity and to ¢nable them to ensure that th¢ fmancial statements comply with the Chariti¢s Act 2011, the Charity (Accounts and Rq)orts) Regulations 2008 and the provisions of the trust deed. Thcy ar¢ also responsible for safeguardAng the asscts of th¢ charity and hence for taking reasonable steps for the prevention and detection of fraud and oth¢r irr¢gularities. Approved by order of the board of tNst¢¢s on ..... . and signed on its behalf by: J H W Jones (Chai Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ABBEY ROAD CENTRE Independent examiner's report to the trustees of The Abbey Road Centre I report to th¢ charity trustees on my examination of the accounts of The Abb¢y Road Centre (the Trust) for th¢ y¢ar ended 31 March 2025. Responsibilities and basis of report As the charity trnstees of the Trust you are responsible for the preparation of the accounts in accordance with the r¢quir¢ments of the Charities Act 2011 ('the Act). I report in r¢spect of my examination of the Trust's a¢¢ounts carried out under Section 145 of the Act and in ¢arrying out my examination I have followed all applicable Directions given by the Clwity Commission under Section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confinn that no mat¢rial Jnatters hav¢ come tr) my att¢ntion in connection with the examination giving me cause to beli¢ve that in any material respect: accounting records w¢r¢ not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with th0 records. or th¢ a¢¢ounls do not comply with the appli¢abl¢ requirements concerning the fonn and contelll of ac¢oullts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts giv¢ a true and fair view which is not a matter Considered as part of an independent examination. I have no concerns and have come across no other matters in Connection witb the examination to which attention should be drawn in this report in ordeT to enable a proper understanding of the a¢¢ounts to be r¢ach¢d. Colin Bell FCCA The Association of Chartered C¢rtified Accountants Williams Denton Cyf Chartered Certified A¢countallts Glaslyn Ffordd y Parc Parc M¢nai Bangor Gwynedd LL57 4FE Date.. Page 5
THE ABBEY ROAD CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted fund Restrict¢d fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3258 3258 2,501 ChAritable ActivRties Mental Health Support Services 142,994 3,000 145994 148.299 Other trading activities Investment income 55,684 55,684 1,495 32.305 1.049 Total 203,431 206,431 184,154 EXPENDITURE ON Charitable activities Mental Health Support Services 201140 201,140 184,723 NET INCOMEI(EXPEI¥4DITURE) 2,291 3,0011 5491 (569) RECONCILIATIOIY OF FUNDS Total funds brought forward 86,113 100 86,213 86,782 TOTAL FUMIS CARiUED FORWARD The notes fonn part of these financial stat¢ments Pag¢ 6
THE ABBEY ROAD CENTRE BALANCE SHEET 31 MARCH 20Z5 2025 Total funds 2024 Total funds Unr¢stri¢tsd fijnd Restricted fund Notes FLXED ASSETS Tangible assets 219 219 513 CURRENT ASSETS Stocks D¢btors Casb at bank 125 9,993 93,080 125 9,993 96,180 150 12.651 90,082 3,100 103,198 3,100 106,298 102,883 CREDITORS Amounts falling due within one year io (15,013) (15,013) (17.183) NET CURRENT ASSETS 85.700 TOTAL ASSETS LESS CURRENT LIABILITIES 88,4114 3,100 91,504 86.213 NET ASSETS 91,504 86,213 FUNDS Unrestrict¢d funds R¢stricted funds 13 88,404 3,100 86,113 loo TOTAL FUNDS 86,213 2bL The financial statements wer¢ approved by the Board of Trustees and authorised for issue on................... ....... ................. and were signed on its behalf by". J H W Jones (Chair) - Trnst¢e S Jon¢s - Trustee The notes forni part of these financial statements Page 7
THE ABBEY ROAD CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTJIYG POLICIES Basis of preparing the financial statements The financial statements of the Charity. which is a public bcnefit entity under FRS 102, have b¢¢n prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice app]icable to charities preparing their accounts in accordan¢c with the Financial Reporting Standard applicable in thc UK and Republic of Ircland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial R¢porting Standard appli¢able in the UK and Republic of Ireland, and the ch]tIeS Act 2011. The fmancial statcm¢nts have been preparcd under the historical cost convention. The charitable company's survival is larg¢ly dependent on funding from local authorities. local health boards and gov¢rnment agencies. Thc trustees consider it appropriate to prepare th¢ financial statements on a going concern basis. In¢ome All income is recognised in the Statemcnt of Financial Activities once the charity has entitlement to the funds, it is probabl¢ that the incom¢ will be reccived and the amount can be m¢aqur¢d Teliablv. Government grAnts Grants which relate to revenu¢ are recognised as income in the period th¢ related costs for which the grant is intend¢d to compensate ar¢ incurred. Expenditure Liabilities are recognised as eXndItUre as soon as there is a legal or constructive obligation conllnitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all Cost related to the cat¢gory. Where costs cannot be directly attributed to particular headings they have b¢¢n allocated to activities on a basis Consistent with the use of resources. Tangible fixed assets Depreciation is provid¢d at the following annual rates in order to write off ¢ach asset over its estimat¢d useful life. Freebold prop¢ty Plant and machinery Computcr cquipmfflit 25 /0 on reducing balance 25 % on cost 25 % on cost Tangible fixed &8sets for use by the charity are stated at cost or valuation or in cases where fix¢d assets have been donated at valuation at the time of acquisition. less depreciation. The cost of minor additions or those costing le than £5(10 are not capitalised. Stocks Stocks are valu¢d at the low¢r of cost and net realisable valu¢, after nng due allowance foi obsol¢t¢ and slow moving items. Taxation The charity is exempt from corporation tax on its charitable activiti¢s. Fund accounting Unrestrieted Funds Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tTUStees. Designated funds are fimds set aside by the trustees out of unrestricted funds for specifi¢ future purposes or projects. Page 8 ontinueiL..
THE ABBEY ROAD CENTRE NOTES TO THE FANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Fund accounting Restrlcted Funds Restricted funds can only be used for particular restricted pun)oses within the objects of th¢ charity. liestrictions arise when specified by th¢ donor or wb¢n funds ar¢ raised for particular restricted PUTposes. Further explanation of the nature and purpose of ¢ach fijnd is in¢lud¢d in the notes to th¢ fmancial statements. LeAsing commitments Operating leases and payments made under tbem are included in the Statement of Financial Activities on a straight line basis over tbe lease temi. Pension costs and other post-retirement benefits Th¢ charity operates a defmed contribution p¢nsion scheme. Contributions payable to the charity's pension scheme cbarged to the Stht¢n]¢nt of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 2025 2024 Contributions from user groups 55,684 32,305 INVESTMENT INCOME 2025 2024 Deposit account inlerest 1,495 1,049 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Mental Health Support Services rants and contracts 145,994 148,299 Grants rec¢ived. included in th¢ above, are as follows: 2025 2024 Gwynedd County Council Betsi Cadwaladr University Health Board Mantell Gwynedd Adra Tai GThvp Llandrillo 38,755 101,401 41,756 101.043 2,000 3.500 3.500 2,338 145 994 148 299 Page 9 continued...
THE ABBEY ROAD CENTRE NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trusttts, expenses There wcre no Iste¢S, expenscs paid for the year ended 31 March 2025 nor for the year ended 31 Mar¢h 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2,501 2,501 Charitable activities Mental Health Support Services 145,299 3.000 148.299 Other trading activities Investm¢nt income 32,305 1,049 32,305 1,049 Total 181,154 184,154 EXPENDITURE ON Charitsble activities Mental Health Support Services 171.465 13,258 184.723 NET INCOMEI(EXPENDITURE) 9,689 (10,258) (569) RECONCILIATION OF FUNDS Total llds brought forward 76,424 10,358 86,782 TOTAL FUNDS CAiiJUED FORWARD 86,113 loo 86,213 Page 10 continued...
THE ABBEY ROAD CENTRE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR Ef4DED 31 MARCH 2025 TANGIBLE lilXED ASSEI'S Freehold property Plant and achinery Computer equipment Totals COST At l April 2024 and 31 March 2025 45.125 DEPRECIATIOIY At l April 2024 Charge for year 29,343 219 15,268 75 44,612 294 At 31 March 2025 29,562 15,343 44,906 IYET BOOK VALUE At 31 March 2025 219 219 At 31 March 2024 438 75 513 The freehold PTop¢rty 7-9 Abbey Road was transf¢ed to the charitable company by th¢ Local H¢alth Authority for £1 in March 2013. Th¢r¢ is a covenant on the prop¢rty that it cannot be sold and that in the event of the chaTitabl¢ company be wound up it would be transferred back to th¢ IA)cal Health Authority. STOCKS 2025 2024 Stocks 125 150 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Debtors Other debtors Pr¢payments Accrned income 7,968 60 1,965 10,836 23 318 1,474 9,993 12,651 Page 11 continu¢d...
THE ABBEY ROAD CENTRE NOTES TO THE FINANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2025 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see note I l) Trade crcditors Taxation and social security Other creditors 4,480 43 11,125 1.535 1,278 11,677 15,013 17,183 11. LOANS An analysis of the ntllrity of loans is given b¢low: 2025 2024 Amounts falling due within on¢ y¢ar on demand: Bank overdrafts 4,480 12. LEASING AGREEMENTS Minimum l¢as¢ payments under non-canc¢llabl¢ operating leases fall due as follows: 2025 2024 Within one year Between on¢ and five years 1,600 2275 2.018 3,599 3,875 5,617 13. MOVEMENT IIY FUNDS Nct mov¢m¢nt in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 86,113 2,291 88,404 Restricted funds Maintenance fund 100 3,000 3,100 TOTAL FUNDS 5,291 Pag¢ 12 continued...
THE ABBEY ROAD CENTRE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 13. MOVEMEIYT ll¥ FUNDS - continued Net movement in funds, included in th¢ above are as follows: Incoming resourccs Resources ¢xpend¢d Movement in funds UDre5tricted funds General fund 203,431 (201.140) 2291 Restrlcted funds Maintenance fund 3,000 3,000 TOTAL FUIWS 206,431 201,140) 5,291 Comparalives for movement in funds N¢t movement in funds Al 31.3.24 At 1.4.23 Unrestrieted funds Gcneral fund 76,424 9,689 86,113 Restricted funds Maintenance fund 10.358 (10,258) loo TOTAL FUM)S 86.782 86.213 Comparative net movement in funds, included in the above are as follows: Incoming r¢sour¢¢s Resources expended Movement in ndS Unrestri¢ted funds G¢n¢ral fund 181,154 (171.465) 9,689 Restricted funds Maintenance fund 3.000 (13,258) (10,258) TOTAL FUNDS 184,154 184.723} 569 Purpose of restrieted funds Maintenance fund This is deriv¢d from funding from th¢ Local Health Authority and is to be set aside for significant future maintenance of the property. Pag¢ 13 continueiL..
THE ABBEY ROAD CENTRE NOTES TO THE FINAIYCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 14. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. 15. CHANGE IN LEGAL STATUS The charity converted from a Company Limited by Guarantee to Charitable Incorporated Organisation (CIO) on 30 November 2023 as amended on I l December 2023. This page does not forni part of the statutory financial statements Pag¢ 14