Y FELIN DDWR CHARITABLE TRUST TRUSTFES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30111 JUNE 2025 CHARITY COMMISSION NO 1054567
Y FELIN DDWR CHARITABLE TRUST TRUSTF.ES REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 301'H JUNF. 2025 CONTENTS PAGE Trustees and their Advisors Trustees Report 2&3 Trustees Declaraiion Independent Examiners Siaiement Revenue Account Net Assets Statemeni Notes lo the financial Sialemeni
Y FELIN DDWR CHARITABLE TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENED 30TH JUNE 2025 TRUSTEES.. R K Church C Stephen Hannah Pickard (app O1.09.2024) J Church (app 28.01.2026) BANKERS.. Barclays Bank Plc City of Cardiff Branch CardilTGroup ofBranches Cardiff CF I I SG SOLICITOR.. R K Church Mill Buildings Parkmill Swansea SA3 2EH INDEPENDENT EXAMINER.. Gareih Thomas 99 Gnoll Park Rd Neaih
Y FELIN DDWR CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Trlisiees are pleased lo present iheir annual report and financial statement for the year ended 30 June 2025. I. GENERAL INFORMATION ihof Y Felin Ddwr Charitable Trust ivas established by a Deed on ilie 27 November 1995, and wa5 enlered into the Central Register of Chariiies on the 12, April 1996. Tlie Plirpose of Ilie Charity is lo underl(Ike Ihe resloraiion and permancnl preservaiion for the benel Il ol. Il)e publie gener¢illy of The Mill at Y Felin Ddivr. Parkmill, Gower and lo promote the educali(In ()r Ilie PLiblic aboul Ihe history ol Y felin Ddwr. a 12, Ceniury ivaier poivered coni mill. lo¥etl)er wilh the rLiral craft workshop5 established on the Mill sile and Ihe hisiory and lierilabFe ol- ci'aft and agricliliural industry in Gower. 2. FINANC'IAL REVIEW AND REPORT ON PUBLIC BP.Nr.riT Diirin¥ the current accoiinling, yenr, the Charily has conliiiued the iask of the iipkeep of the Walemiill, worksliops and the promolion of educational and oiher visils lo Y I'"eliii l)dwr. When possible, the 'frusl has conlinued ils poliLy of seeking visilors Irom the public at l¢ifbJe and froin largFeted 5e¢lors and special interesi gjroups. TIIL TrLislees liave used tlie ii)c()Ine received from visilors and doiialion5 iowards Ihe Cosi of arrdnging> and promoling, gvroup aiid educational visits and preserving Ihe building and structure or Y relin Ddwr. During) Ilie yLar fLiixher work was done on the preservation ol. the Mill Building, iiicluding plaiii and macl)ii)ei'y iii Ihe M ill 4qnd ivorkshops. A Vc1rieiy of cnft H'()rksl)ops ivere lield iii IIiL Mill Fluildiii&Js lor diflerenl groups of visitors. The Trust also proinoled siibsidised visits lo the silc by socially excluded groiips by offering reduced or free entry charges. Visitor nuinbers l)ave not reluri)ed lo pre P1( ndemic levels as the Cenlre does nol offer the saine level of aclivilies. Tlie rediiLli(In of visitor income revenue has nol been J5 great a8 the previous year. The Trust also uses l.ai'in 111nd al Dlinvanl Io SLlPPOrt the Flerilage Centre and ils craft ivorker5 providing addilioiial land and workshops lo use. Since 2017 part of the Fam) has also been developed into a Solar Park in paitnership with Gower RebJeneraiion Lid Communily Benefit Society. l)urii)bs Ihe year Ilie Trust received capital grant support of £291820 from Yiii)i Cymru to enable a d irecl local supply of electricity lo the Farm buildings and occupants under the Sl.ES (SIMart Local Energy Supply) initiative. This scheme ivas completed in March 2025 and will also be used by flltiire occupanls at Ihe Fami enabling a renewable otT-grid source of power 10 be available and progress to net zero carbon iargels. As well as visitor iiicome the I'rust was fortunalc lo receive donations lo assist witli day lo day eosis as ivell as grants of £10105 from the Levelling Up Fund under the Riiral Anchor scheme Set up by Swansea City Council. The Trust also benefited from matehL'd donations received from the Big Give orgaiiisalion. Payments of Loan interest and capital ivere made oli a loan from Il)e Developnienl Baiik or Wale5. The Triislees confirm that they have referred lo Ihe Charit), Commission's gliidance on piiblic benefit when revieivin¥ the Triist's aims and objectives iii planning fuiltre aclivilies, aiid setting policy for the future year. The Charity has made ils facilities available for some oiher charitable and local groiips dliring the year. The Trusts mission is to preserve aiid inlerpi'el lo
the widest possible alidience the hislory and heritage of Y Fel in Ddwr and Gowers agriculiLiral and eraft history and 10 enrich the visitors experience with demonsirations, talks, evenis and innovalive educational programmes. New craft experiences continued to be promoled duriiig Ihe year, including the GoivL'r Good Food Project and the Gower Loal. Project lo focus oli makiiig flour 10 produce the liistoric Gower Loaf made from a mixiure of wheat and Barley. The produeis were supplied lo a bakery set up at the Herilage Centre and also made available lo customers from the Cenlres shop. Repairs were made lo Ihe Mill and equipment to enhance ils flour making proces5, ai)d operation of the oiher historic machinery. The Trustees review the activilies of the Charity against its aims on an ongoing basis and are satisfied that all activities coniinue to be related lo these goals so far as they were able during the recovery fmm the Pandemic . The Triisl has also worked with other local organisations to promote further use of the facilities al the Cenlre and 10 edu¢aie Ihe Public in the use of reiieivable energy. Worksliops have been held for visits organised by oiher social g)roLlPS and craftworkers based ui Ilie Cenlre. J'IIL. Cenll'e h<?s conliiiued to supporl Ilie developinenl uf a Coininiiiiily S(Il<ir I'k ()ii land in Diinvanl Lised for ils farming. loreslry ond animal inleresls. 3. EXPENDITURE INCURRED The m41in opei'alingy cosls of Ilie Cliiirily dLiring the year liave relaled io Ilie man2< giemeiil of Ilie sile, organising ?( nd 1( dminislralion ol. ediicalional and oiher group visits, and tl)e niainlenance of Ihe M il l Biiildings. Some Expense has also been incurred in promoting and advertising the Mill and in providing services to h0O1$ and other groups using the Mills Classroom fdLilitlLS. DiiringJ tl)e year addilional work took plllce including capilal expLndiliirc on Il)e Mill Biiilding dnd exhibils. The Trust has provided additional public beiiefil by allowing visits to the Centre at reduc¢d and subsidised rates of entry for botli local visitors and certain special educational need groiips. Hislorical re4nactmenl groups were also onered iise of Il)e facilities and workshops Ji Ihc Cenlre. A few Even15 were 121so held on behall of other local not for profit groups. The Cliarity also expanded its farmin8 operalion in Dunvanl willi additional planting and crealing opportuniiies for volunteers to work on the land. The Inain expenditure a the Fann was the selling lip of a local eleclricily supply sclieme using the power from the Solar Park with thi5 expenditure supported by lh¢ Granl Ii'oin Yiiiii Cyinru. 4. ACCUMLATIVE SURPLUS Diiring the year the Charity has made a surplus of income over expenditure in the sum of £4,373.77 (2024 £7510.94). This sum will be retained and used towards building aiid repair works in the next accounting year. 5. BENEFITS PAID The Charity has made no beneficial payments or donation5 to anyone in ils financial year, other ihan collections for other charilies. The Cliarity also olyers free or discounled entry lo the Mill Biiilding to selected recipient5 in lieu of a charitable bequest.
- ORGANISATION The Triislees are responsible for the 5lrategic direction and pol icy of tlie Charily and meet 01) a regular basis. Day lo day operdlions are Carried oui by stall- and volunteers ivho report to Ilie Trustees. The site is marketed as The Gower Heritage Centre. Management services were pi'ovided by GHC (Management) Limiied a company controlled by the Trustees and all services were charged at R commercial market rate. Tlie solar park project lakes place on farmland controlled by the Trustees and all Irdnsactions in respecl of the scheine are al a commercial rate. Some of the Evenls, farmiiig and aLlivilies held xi the Ceiitre are carried out by a separate trading company (iO¥i'er Flerilage Lid, Ivhich is eontrolled by tlie Trusiees and any profits are held for the benefit of the Trust. Separate accounts are prepared for Gower Heritage Lid. During Ihe year the Truslees Continued lo licence out the catering and other activities al Ilie Centre as concessions to separate and independeni irdding concerns. The Trustees also allow Ihe Chariiable Tnisl 10 use oilier laiid conli'olled by Ilieni and adjaeeni to the Centre for car parking. workshops alld farming at a cominercial rate.
- TAXATION The Charity is exempt from iaxalion.
- AUDIT The Charity has received income and donations of £180,897.15 (2024 £152,935.57) iii ils rinancial year 41nd has appoinled an Independent Examiner, Mr Gai'cih Tlioinas, lo exainiiie the aCCOLints aiid report ol. Ihe Trlislees in accordance with the Geiieral Directions givei) by the Ch<iriiy Commission Linder the Chi£ fiiies Act 1993 and 2011.
- EN UIRIES Fiirther information about the Cliarily can be obtained from R K Church, Solicitor at Mill Biii Idings, Parkmill, Swansea SA3 2EH. Signed for and on behalf f the Trustees R K CFIURCH . 2026
TRU.STEES DECLARATION The account set out on pages 6 & 7 for the financial year ending 30, June 2025 and the stalemenl of assets and liabilities at ihat dale sei out on pa¥e 6 are approved by the Ti'ustees. This account and slalemeni have been prepared in accordance with the provisions of. the Charities Act 201 l and ihe Chariiies Sialemeni of Recommended Praciice ISORPI, usin¥ the reeeipls and payment5. a5iS. Sigyned. R K CHURCH Trustee auihorised lo sign on behalf of all Truslees. 11h121 INDEPF.NDENT F.XAMINERS REPORT The Charity's Tniste¢5 consider ihat an aiidil is nol reqllid for this year under seetion 144 of the Charities Aci 2011 (the Aci). and thai an independ¢nl e.xaminaiioii is needed. 11 is my re5ponsibiliiy to- Examine the accoLints viider seciion 145 01. Ihe ALI. To follow the procedLires laid down in Ihe Cjenenl Dii'eclions giveii by the Charity Commission (Linder section 145{5){b) ofihe ALI,). and To slate wheiher particular matlers have come lo Iny aiieiilion. My examination wns carried OLII in accordance with Ilie CJeneral DirL'Llioiis gjiveii hy Il)e Cliarily Commissioi)ers. Ali exdminaiion inclLide$ I'evieiv ol- Ilie acc()unlingTr rL'¢ords kepl by the Cl)arity and a comparison of Ihe accoiinls presented willi Ihose record5. li also iii¢liidL's consideralion of any iiniisiial ilems or disclosures iii Ihe aLcoLII)15. (Iiid seekiiibj eAplanalii)iis from the Tnistee5 concerning any such mullers. The procedure.s underlaken do iiol provide all the evidence Ihal WOLild be qltired in an audit, and Lonsequenily no opinioii is gliven a5 10 whether the accoLints present a 'lrue and fair" view and ihe repon is liiniled lo those mallers sel out in the Statement below. In connection with my examination, no maller has come to my attention. which give5 me reasonable caLise lo believe Iliat in any malei'ial resp¢cl IliL' reqliiremenls t() keep accounting records in ciccordance wilh seciioii 130 01. Ihe Acl; and lo prepare accoiinls which accord with the accounting rec(Trrds and lo comply willi the accoiinling requirements of the Act have not been mel; or lo which, in my opinion, atieniion should be drawn in order to enable a proper undersianding of Ihe account5 to be reached. Signed................. .Dale........... .2026 Gareth Thomas 99 Gnoll Park Road Neath
Y FELIN DDWR CHARITABLE TRUST REVENUE ACCOUNT JUNE 2025 Year lo date Year to dale 2025 2024 Recei Noies Unrestricted Visitor Income { l ) Reslricled Donations Bank Inleresl Reveniie Grants Total income 168709.08 2000.00 82.77 10105.30 1801197.15 128379.35 1822.C)6 1?714.60 1 $2935.57 ments General Expenses Eleclricily/Gas Plani Repair Cost PLlI'cliases TelephonelPoslagellT Admin and wabye cosls Building Ilepairs School, bjroiip Visit c.osis Giiided Toiir, workshop Cosls Advertlsing Costs Bank Charg?es,& inierest StJlionery and printing Property Rate5 and rents Cleaning InsLif<ince Professional Fees Aiiimal care cos15 Depreciation (2) 0.00 5973.28 5620.00 1.3639.25 2540.00 36626.15 37132.51 6520.ou 1?540.18 ?935.00 1126.56 3650.00 9025.91 13879.00 6200.00 5076.21 10447.80 3591.53 0.00 89011,00 250U.UO 8828.05 2340.00 36?9U.72 35553.72 i o i ()u.110 ()5i18.84 1555.00 1601.70 200U.IIii 71 SU.00 8768.00 4300.00 900.00 4958.60 0.00 {3) (2) Gros5 Expenditure Net Surplus 17()523.38 4373.77 145424.63 7510.94
Y FELIN DDWR CHARITABLE TRUST TH NET ASSET STATEMENT AP4D BALANCE SHEET 30 JUNE 2025 Noles Year lo dale Year to da(e 2025 2024 Fixed Assets Mill Buildings Plaiii & Machinery Fixllires and Fillings (4) 234184.74 312519.63 40068.47 ?33284.74 73?88.94 40068.47 586772.84 346642.15 Current Assets Debior5 Account Bank and Cash Stocks (5) 6718.32 346.40 6499.96 346.40 {6) Totals 7064.72 6846.36 Current Liabilities Trade Creditors Gi'ants received Capital Donaiions 0.00 24046.82 0.00 0.00 76432.04 51641.11 (7) Totals 24046.82 128073.15 Current Assets less Current lillbilities ..(16982.10)........(i ?1226:79J Total A&sets le$5 Currei)t Liubilities 569790.74 225415.36 Long Term Lillbilities Bank Loan Ynni Cymru Capital Grant (7) 14388.18 291820.66 17348.34 0.00 Total A55ets less liabilities 263581.90 163067.02 Financed by Accumiilalive Fund Siirplu51Loss Accoiinl Previous year adjustment 259208.13 4373.77 155556.08 7510.94 Tota15 Approved by the T[uslees on I Apryl 2026 R K CHURCH
Y FELIN DDWR CHARITABLE TRUST NOTES TO THE FINANCIAL STATFMENTS Tll YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES The Finaneial Siaiements have been prepxred in accordance iviih the current Charities Stalemeni of Recominended Pra¢ti¢e and the Charilies (Accounts aiid Reports) Regulations applicable to charities preparing their accounts in accordance wilh the Fiiianeial Repoiting Standard for Smaller Entilies. The accounl has been prepared on a receipls and payment basis and summarise Ilie transactions of the Charity and Ihe assets and short lerm liabililies at the year end. I. RECEIPTS Tlie%e represent the giross amolints received and accrued fmm unreslricied doiialions and visitor in¢oine. 2. GENERAL EXPF.NSES These relate lo day to day gFeneral costs in providiiig guided tours and classes to vi5iliiig school gJroLlPS and oilier edii¢aiion<il visits. 3. BUII.DING Rf.PAIRS This relates lo expenses incurred in Ihe upkeep and mainlenan¢e of tlie Mill Buildiiig, workhops, exhibits, Fam and Collage ai Y Felin Ddwr. 4. FIXED A ETS T11¢5e are valued al acquisition ¢05ts plus any capital improvemenls or adjuslmenls les5 ai)y sums for deprecialion 5. DEBTORS This represenls visitor income diie bul not yel received at the year end. 6. STOCKS This relates to the nel cosl of5tocks of promoiional brochu5 and item5 held al the year eiid. 7. CAPITAL DONATIONS and GRANTS These represenl donations and grants received Specifically for Ihe purpose5 of restoring the uilding fabric of the Mill Biiilding and other Lapital Projecis. During tlie s'ear older donalioiis d grants were writleii off as no longer being liable for repaymenl and a new Projeci Grant n Ynni Cymru was included.