COMPANY REGISTRATION NUMBER: 03219857 CIIARITY REGISTRATION IYUMBER: 11159508 Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Unaudited Financial Statements 31 July 2024 JAMES & UZZELL LTD Chartered Certified Accountants Axis 15, Axis Court Mallard Way Riverside Business Parfc Swansca SA7 OAJ
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by GuArantee Finaneial Statements Year eDded 31 July 2024 Page TnJste¢s' allnual report (iticorporating the directoes rewt) Indcpcndent examinevs report to the lrnste stst¢m¢nt ot t-mancial activities (includillg inwm¢ and expenthlujr aOUllt) StstemeALt of financi81 position Notes to the fancIaL statements The folloming pages do moc form part of the finallcAal ytatements D¢taii¢d statement of fJn&ncial activities 18 Notes to the detailed ststement of fwancial activities 19
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Trustees, Annual Report Oncorporating the Director's Report) Year ended 31 July 2024 'Ihe trusle¢s, who are also the dire¢iors lor the PUqM)ses of company law. preseut their report the unaudited rJllanLiul slutcm¢nts of the charity for the year ended 31 July 2024. Reference and admiDistralive details Registsred ¢harlty Ty Cr(Kso (Ystrad8ydai8 & District) Ltd Charity registration llumber 1059508 Company r¢gistrattOD number 03219857 Prlntlp21 olTice And registered 25 Heol Eglwys Ystradgynlais Swansea Powys SA9 IEY The trustees Mr P Morga Mrs M Bamber S McNi¢holas Mrs S Price (Chair of trustees) Mrs M E T'arcell Ms N Ridd-Davies Ms V Evalls Mr R Bush {Retired 23 Febnjary 2024) {Retired 18 June 2024) CopanY Seeretary Mrs S McNicholas Independent eumlner Aliwn JayDe Uzzell FCCA
Ty Croeso (Ystradgyn12is & District) Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (n1Med) Year ended 31 July 2024 Obje¢tives and activiti Purposes and Aim8 The company is a clwity and exists to maintsin a day ceutre and engage in ¢harit8ble activities in order to promots th¢ relief of persons suffffling long t¢rn] or terminal illness. Ensurimg our work delivers our aln We review our activities each year and monitor th¢ impact of our work to ensure that we continue to fulfil our purpose of helping p¢opl¢ affect¢d by a long tenn or tenuinal illness. We IAave r¢fetr¢d to the Charity Conunission's genernl guidan¢¢ on public benefil wh¢J) reviewAng our aims and objwtiv¢s and the Trnst¢es consider how plwmed aotivities will wntribute to the ainis and objectives th¢v Iw¢ set. Tbe foeus of our work Our main objectives for the year continued to provide supwrt to patients with long terni illness in the local community for three days a week. The strategies we used to meet these objectAves included providing a range of services. tn s¢tting these objIlve$ we the truStS have given ¢aT¢ful ¢onsid¢r4tion to the charity ¢ommission's gen¢ral guidance on pubhc beJi¢lit. How our activities delfver public benefit Ollr maia activities and who we ty to help are described below. All our Charitable activities focus on supporting p¢ople affected by a 1008 terni ilIness and social Isolation and are undertaken to further our charitable purposes for the public benefiL Wbo and benefited from our servlcesy Ty Croeso (yStradg1aAS & Distiict) Ltd has benefited p¢opl¢ in our l(ul aAra suffering from long t¢nn dlne5s and sociaR Isolation. Volunteers The charity has a proactive group of volunteers which are vital to keep the Ty Croeso Day Hospice Clwity Shop miillg. Strategic report The following wlions for achtevements and p¢rfornLaocg and fmallcxal review form tbe stratsgic report of the charity.
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Trustees, Annual Report Oncorporating the Director's Report) Year ended 31 July 2024 Achi¢vements and performance Ty Croeso Day Centr¢ wniinucs to serve people in the communAty who are sutrcring with long ternt ill0 and social isolation. On a day to day basis we provide a place for pwplc in Similar .gituatAOllS to come and talk to raLh other. Clients te brought ill by the Ystradgynlais Community Car Scheme. We offer tsas and a two course lunch aud wmplemcntary therdpies. whith illclude nJxssage and refiexoloLy. On alternate wecks a voluatetr comes in offer therapies including nail filing alld light mas. Occasionally wc have som¢one in to give a talk on a range of sllbjects. Principal Risk and Ullfertainties Th¢ trustees tiv¢1y T¢Vi¢W ihe major risks that th¢ rhartty faces on a r¢gular basis aud or¢ establishing systems to mitigate tIios¢ risk5. This pro¢5 ivwolves id¢ntifyiryg th¢ i)eS of risks to which th¢ Charilv is expos¢d to, prioritising risk5 in t¢5 of their potential iffjpact on the Charity's oCtAviti¢s and idenlifying way8 in which the risk5 might be mallaged. The Trustees recognise that risk 5¢5$¢01 is an ollgoing process and th¢ process will b¢ reviewed and the qualty of assessment ¢nhanc¢d on a regular basis. Financial review Reserve8 Policy Ty Cro¢so (Ystradgynl8is & District) IAd aims to build up reserv¢s in future years to enable it to contitiue and expand the services they cutreDtly provide and develop n¢w projects in th¢ futh. There was a £21,492 decrefise in unrestrictcd funds during the y¢ar (2023.. £15.982 decrease). At Ihe year end the vallle of unrestrictsd funds amounted to £163.783 (2023: £185,275). The Management Council has examitied the cknit5es requiranents for reserves in light of the main risks to the orgADisation, and considers that the unrestricted tunds held by thc charity 3re morc than adequate to meet the wolDg ¢apital requir¢ments ot'the charity il th wac ever any si1£allt drop An the level ot"tulu income. Investment Policy Charity has the power to make any investmcllt that the ITUStccs consider will rnost benefit the achievrffjcnÉ of the object5 of the charity. Most of the cbaritys fund5 ¢XCq)t for short-tcrnTr working capital requitrmeJrt arc hcld in an interest earning building society account. Plan3 for periods The charity shop takings coutiJJu¢ to remain lower than was being achieved befor¢ Covid and the Cost of livitig l51s. The tStee$ are however optimistic that income leve]s will improve in the future and are doing their best to get custom¢rs into the shop and enhance takillg5. The ¢blty, plans collUlng the activities outlined above in the fortbc4)millg years subject to salisfactory fimdin8 amngements.
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Trustees, Annual Report Oneorporating the Director's Report) (conllnued) Year ended 31 July 2024 Structurfy goverllance manAgement Governing Doeument The organisation is a cbaritable company limited by guarantee. incorpordted on 3rd Juty 1996 and registered as a charity on 29th July 1996. The Qompally was established under a Memorandum of Association wbich establish¢d the objects and powers of the charitabl¢ company and is governed under its Articles of Association. In the event of the company beillg wound up the memb¢rs are required to contributs all amount not exceeding £1. Recrnitm¢llt aThd Appolntment of Management Coun¢il Th¢ directors of the cotllpany are also charity trnstees for th¢ purposes of Charity law and undw the CoMpanS Articles are known as members of the mageMent Council. Under the requirements ot the Memor&ndum and Atticles of Association at ¢ach Annual General Meetin& one-third of th¢ mernbers or if their number is not thre¢ or a multiple of tlre* then the number neBr¢st to one-third must tetiTe from office. The members to retire by rotstion shall be those who have been longest in office since their l&%t appoint]nenL If any members Ixcpme QT W¢ aPPOitited mwnbers ott th¢ same day. those to r¢tii¢ shall (unless they otherwise agr among themselves) be deterniined by Aot. The m¢mbers seek to ensure all appropriate combination of divers¢ skills and MMUnity repr¢sentstion wxthin th¢ Manag¢ment CouJ]cil alld amorlgst the directors. lu the event of the need for a particular skill or comtnunity representation resultiJ)g from retIrements/rlgat1Olls or cEwig¢d ¢ircumstances, individu5 are approached to off¢r th¢mselves for tsusteeship andlor directorship. Trustee Iuduction and Training Existing trustees aireadv familiar with the weight of their responsibitities as truSts, including the charity's Memoralldum and Arti¢Les of Association, legal obligations. wrAtten 11¢1¢5, governanc¢ aud management. N¢wly appoillted trustees are provid¢d with a document containing comprehensive inforniatioll about the charity and its aims and objectives and which also widerlio¢s their obligations and legal r¢sponsibilities a5 trustees and explaills th¢ charitys wrÉtten policies and procedures covering g(M)d governance and management. Organwtion The l)oard of bSte¢S administers the Charity. The tte¢S meet at least six times a year to consider the activAties of the harity and revi¢w Ats fman¢i&l position. Risk Management Th¢ management wuncil actively r¢vAew th¢ tnajor risks which the charity faces on & regular basis and believe tlwt Jnainlaining the reserves at the level in the balan¢¢ sh¢e¢ combined with the annual rrye of the controls over key fu)anoial systems, will provide sutTicient resources iu the event of adverse conditions. Th¢ clwity is govaned by its Articles of A0cl&tIon and its constitution registered under the Charities Act. Small Conw8ny Provision5 This report has been prep&red in ordanCe with the provisions applicable to companies eJAtitled to the Sm1 c4)mpani¢s exemption.
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by GuaraDtee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 July 2024 The ttust¢os' allnual TOrt and the strategic report were approved on ........... ..... ........... and signed on behalf of the board of trustees ty. Mr P Morga Tn]st
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Ty Croeso (Ystradgynlais & District) Ltd Year ended 31 July 2024 .1 wort tu the trustees on my wffjination orth¢ fmancial statements of Ty Crucso IYstradgyDlais & DAstrACt) Ltd {'the charityl for the yw end 31 July 2024. RpOnsibIlItieS and basis of report As thc charity trustees of the cornpany (and also its directors for Ihe purp05Cs of conipany IAW) you are responsible for thc preparation of th¢ accounts in accordance with Ihc rcquirements of thc Companies Act 2006 (the 2006 Ace). Having satisfifyl mys¢lf that the acry)unts of the company ar¢ not requir¢d to be audited undcr Part 16 of the 2006 Act and are eligible for itidependejjt examination. I report in T84ct of tryy examination of your wmpanys accounts as 7tri¢d out under scction 145 of the ChriticS Act 2011 Cthe 201 E A¢t'). Jn carryAtig out my examination I have followed the Direction5 8iv¢n by the c.harity Commission under section 145(5)(b) of thc 2011 Act. Independent eJaJniAer'J statement I have completed my examination. I conflltry that no matters have com¢ to my attention in connection with the examination giving m¢ cause to believe.. accounting T¢cords were not kept in T¢spect of the charlty as required by srftion 386 of the 2006 A¢L or the fmancial statements do Dot accord with those recoN15' or the fuwA¢ial statements do not compty with the accounting requirernents of section 396 of the 2006 Act other than any requirement that the accounts give 8 '1xve and faie view whicb is not a matter considered as part of an iudependent examination. or the fuwwial statements have not been prepared in accordance with the methods and principles of the Statuuent of Recommended PAxctA¢e for accounting and repotting by Lharities applirable to cherities preparing their accounts in accordance wrth th¢ Fimncial Rep)rting Stsndard appli¢able in the UK aJJd Republic ot"Ir¢land (FRS 102). I have no coll5 ld have come across no other m&tt¢rs in connectioll with c¥Atrnin*ion to which att¢ntion should be drawn ill this report in order to euablc a proper uudrr5tanding of the acc4)untS to be reache¢L Jayjje Uutll FCCA Jndependcnt Examin¢r Cbart¢red Certified Accountant Axis 15. Axis Court Mallard Way Riversidc Business Park Swansea SA7 OAJ Date...Zo-3..I<...
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 July 2024 1024 2023 Unre5tTi¢t funds Total funds Total funds Note Income and endoivments Donations and Icgacics Other tradin8 activities Investment income 15,034 27,6E6 2,627 15,034 27,616 2,627 12,648 32,359 990 Total IDeome 45,277 45277 45.997 xpendlthre Expenditure on charitable activities Totsl penditUre 89 66.769 66,769 61.979 66.769 66.769 61,979 Net expenditure and net movement ID funds (21,492) (21A92) (15.982) Re¢onciliaiSon orrunds Totsl funds brought forward Total fuMd8 tarried fonvard 185,275 185275 201,257 163,783 163,783 185,275 The statement of fmatlcial aotivities includes all Bains and losses recogaised in the ye8r. All income and expenditllre der&ve from continuing adivities. The note5 ou pages 9 to 16 fom pArt of these finallcial 8tatrmen(
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantse ststement of Financial Position 31 July 2024 2024 2023 Notc Fixed 888ets TangiThle fix¢d as5¢ts 14 73094 75,776 Current assets Cash at batth and in h8nd 91.141 110,689 Credliors: amounts falling due wlthlD one year Net current assets Is lJ52 1.190 89,889 109,499 Total as8ets I& current jiabilides 163,783 185,275 Net *ets 163,783 185.275 Funds of the ¢harity Unrestricted fjmds 163,783 185.275 Totsl ch%rity Iiillds 16 163,783 185.275 These accounts have been prcpared in a¢cordan¢¢ with th¢ provisions applicabl¢ to snll compani¢s subjed to th¢ small companies regime and in COrdanCe with FRS102 SORP. For th¢ year ending 31 July 2024 the charity was entitled to exemption from audit Ullder section 477 of the Companies Act 2006 relating to stllall companies. Trnstees responsibilities: - Th¢ Jn¢mb¢rs have not required th¢ company to obtain an audit ot. its littan¢i4l st&t¢ments tor the year in question in accoTdan¢¢ with section 476. The trustees acknowledge th¢ir responsibilities for cornpl)ryng WAth the requirements of the with respect to acwuntillg records and the preparation of fmanci81 statements. These fjnancial statements WaE approved by the board of tTUStees and authorised for issue on .......... ....... signed on behalf of the board by.. Mr8 S Priee Truste£ Company Number: 03219857 The not&9 on pages 9 to 16 form part of these fianCIAl statements.
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 July 2024 General information Th¢ charity is a private compally limited by guaratstee, regislerd in England and Wales and a registered ¢harity in Eogland and Wales. The address of the registered office is 25 Heol Eglwys. Ystradgyohtis, Swans¢a, Powys, SA9 IEY. The members of tb¢ ¢ompany are the trnstees nam¢d on page l. Jn th¢ event of the tharity being wound up, the liability in SpeCt of the guarantee is limited to £1 p¢r member of the charity. The nature of the charitys operations and principal activities those of a hospice aod charity shop. The clwity conslityles a publtc benefit entity &$ d¢fmed by FRSIO2. Statement of ¢ompliance The fjnallcial statements have been prepared iu a¢cordance with Accounting and Reporting by Charities: Statement of Recomtn¢nded Practice applicable to chorities preparing their accounts in aordanCe with the Fitwicial Reporting Staodard appIicAble in the UK and Republi¢ of Ireland issued in Ootober 2019. the FinanciaE Reporting St8ndard applicable in th¢ United Kingdom and Republic of Ireland (FRS 102), the ChaLities Art 2011 and the Companies Act 2006. A¢¢ouMting poliei Basis of preprtioD The finan¢ial statements have been prepared on the histori¢al cost basis, a& rnodified by the revaluation of certain fmancial assets and liabiliti¢s and illvestment properties m¢asured at fair value through income or expeoditure. The financial statements are presented in sterliug which is the fullctional currency of the company and rounded to the nearest £1. These fLnan¢ial statemettts only in¢lud¢ th¢ results of the individual entity made up to 31 July 2024. The charity has applied Update Bulletin l as published on 2 F¢bruary 2016 and does not include a cash flow statement ou th¢ grounds thllt it is applying FRS102 Section IA. Going concern The fmancial s¢4i¢m¢nts have been prepaTed on a going ¢oJJ¢¢m basis as the ITt¢¢$ believe there no material unC¢itieS about the charitys ability to continue. Debtors Trade and other debtors are recognised at the settlement amount du¢ after ally trade discount offered. Prepayments are valued at the amount prepaid net ot ally trade diwounts due. Creditors and provisions CRdÈtors and Provisions are recogttised wh¢re the charity has a present obligation resulting from a past event that will probably ffsult in tbe transfer of funds to a third party aod th¢ amount due to settl¢ the obligation can be llteasur¢d or estimated reliabty. Creditors and provisions are nomially TogniSed al their settlement amount after allowing tor any trade discouttts due.
Ty Croeso (YstradgynlaRS & District) Ltd Company Limited by Guarantse Notes to the Financlal Statements (continued) Year ended 31 July 2024 Stock Stock consists of items donated for r¢sal¢ or disLribution which are not included ID the fmancial statements until they are sold. Provisions Provisions are Tecognised when the company has an obligation at the balance sheet dat¢ as a resuh of a past evenL it is probable that 2n outfiow vf CCODomic bcncfits will be required in .qettlement And the amount Can be reliably estimated. Employee benefits When employees havo Tcndcrcd scrvÈcc to thc charity. short-temi employee bell¢fits to which the employees are CDtitled are reeognised at thc undi5counted arnowit ¢xpe¢ted ro be paid in exchallgc for that servi¢¢. Oper¥dting le Lease payments are recognis¢d a5 on ¢xp¢J]s¢ over th¢ leasc lerni on a straight-line basis. Th¢ aggregate benefrt of lease incelltives is TecogtLis¢d as & T¢durtioJJ to ¢xp¢ns¢ over the lease ten on & straight-line basis. Judgemellts key sources of estimfttlon uncertainty The Charity tnakes estimats5 and assumptions llrning the bjth. The sUlting accounting estimates will, by defmition, seldom equal the related actual results. The estimates and &8sumptions that b&ve a sigwficant risk of causing a materlal adjllstment to the carryxng amounts of asset and liabilities within the next fllwicial year are addressed below. Useful ¢conoJni¢ lives of iangible asgels The annual depreciation chorg¢ tor langible assets is sensitive to challg in the estimated usehl eciMon)ic lives and residual values of the assets. The uscful cconomic lives al residual vll¥S ar¢ rc-a55es5ed annually. th¢y are amended whcll llcccs5ary to rcficct cutrent estimates, based ou technologtcal advancemenL future investsnenLs. ernnomic utilisation and physical condition ofthe assets. Impairnient of debtors Th¥ ¢oinpuuy all cstfft* ot thc r¢¢overdble valu¢ of trade and other debtors. When assessing impairment of trade othcr d¢btors, nwiagement consid¢rs la¢tors including the current credit ratillg of the debtor. th¢ ageing profAle of debtors and historical experien¢¢. Taxation As a charity, Ty Croeso (Ystrad&vnlais & Distsict) Ltd is exempt from tax on income and gains to the extent that these are applid to tts charitable objects. No tax chBr8es have lSen in the Chlty. Jo-
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Notes to the Financial Ststements (eondumed) Year ended 31 July 2024 Accounting polici¢8 (crfln¥ed) Fund Aeeollnthtg General fuods are unrestricted funds and are available for use at the discretion of the trustees ill furtherdttce of the general objectives of the chatity and which have not been designated for other purposes. Desigllated tiwds comprise unrestricted tilnds that h2v¢ been set aside by the tTU5tees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restrlcted funds are fullds which aT¢ to be us¢d in ac4)rdance with specifjc restr&ctions Imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fund5 are charged agaijjst th¢ sp¢oific fvnd. The aim and use of each r¢strict fund is sct iti the not¢s to the tinanCi statetnents. IntomiDg resourees All incoming resouw¢s are included in the statement of f]llancial activitA¢s when entitlemcnt has passed to the charity. it is probabl¢ that the economic benefits associated with the trans&ction will flow to th¢ charity and the amount b¢ reliably measured. The following $p¢cifi¢ policies are applied to particular cat¢gories of income.- in¢ome from donations or grants is recognised wh¢n th¢r¢ is evidence ot entttlement to th¢ gitl receipt is probable and its amount call be measured reliabty. legacy income is recolsed when receipt is probabl¢ entitlement is established. incoJn¢ from donated goods is measured at the fair value of th¢ goods unless this is impra¢ti¢al to measure reliably, in which case the value is derived from the cost to the donor or the estinuted Sale value. Donated lacilitie5 alld seTViC¢S ar¢ r¢cogoised in the CoUnts when received it th¢ valu¢ w be reliably measured. No amounts are included for the contrlbution ofgeneral volunteers. income from cotrtrdcts for the supply of s¢rvic¢s is re¢ognised with th¢ delivery of ihe Cotthcted s¢rvi¢e. This is ¢lassified as unrestrict¢d ftmds Unless there is a contractual requiT¢m¢nt for it to be spent on a particular purpose and returned if unsp6n( ill which case it may be regarded as restricted. interest on fi]nds held on deposit is included wben receivable and the amount can be measured reliably by the charity. this is nornllY upon notification of the interest paid or payable by the Bank. Resoyr¢es p¢ded Expenditure is recogttised ott an accruals basis os a li4bility is incuryed. Expenditure includes atty VAT which cannot be tully recover¢d. and 15 cIossAfied under headings ot the st8t¢menl or t-man¢ial activities to which It relates.. expenditure ott raistng fllnds iiicludes th¢ costs of all fundraising activities, events, non-charitsble trading activities, and the s&i¢ of donated goods. expenditure on ch7ble activities includes all costs incurred by a charity in undertaking activities that turther its chan"table aims IOT the benet-rt ot'its beneticiarie4 including ihose supp)rt costs alld St$ r¢latthg to the gov¢rnaure of the charity apportioned to charitable activiti¢s. other expenditure includes all ¢xp¢nditur¢ that is neither related to raising funds for the cllarity nor part of its expendithre on charitable activities. li
Ty Croeso (YstrAdgynlaRs & District) Ltd Company Limited by Guarantee Notes to the Finaneial Statements Year ended 31 July 2024 Accounting policies (ethi&nutd) Resourees pended fcoRlinMed) All costs arc allocated to expendtthre categories reflecting the use of the resource. Direct c(Jst5 attributable trj a single activity are allocated dire¢dy tsy that activity. costs arc aprM)rtioned hehvcen activities thcy colltribllts to a reasonablc. justifiable and consistent bA818. Gnvtrnaure aud support ¢0sts Support costs have been allocated between govemau¢c costs and other support. Govcmance costs comprise all costs involving publAc accoulltsbility of the charity and its compliance wilh regulation and good prnrticc. Support costs include centrdl functions amd have been aElocated to a¢tivity ¢ost catcgorics on a basis consisl¢nt with the use of resources. e8 allocating property costs by floor ar¢a4 or per capit4 staff costs by the time SP¢llt aud other costs by theiT usage. Oper4ting leag Ltase payments are reco8ois¢d as an exp¢nse over th¢ lease terni on a straight-line basis. The aggregat¢ benefxt ot lease incentives is re¢olS¢d as a reduction to expense over the lease terni. on a straight-lille basis. Tallble wets TallTrIe &8sets are initially recorded at cos¢ and subsequently statsd at cost le&s any accumulated depreciation alld impainnent losses. Any tangible assets caffied at revalued amounts are recorded at th¢ fair value at tbe date of revaluation le ally $ubsequaLt accumulated depciatIon and subsequent accumulate41 impairnent losses. An incre&se in the Ca18 amount ot an 8ss¢t as a result ot a revaluation, is r¢cognised ift other reCOglld gains aod losw, unless it erSeS a charge for impuArta¢nt that bas previously been recogois¢d as expenditure within the 5tat¢m¢nt or riDallcTral activities. A decrease ID the callying amount of an &ss¢l as a resuk of revaluation. is rKoguksd ill other cognISed gains alld losse4 ex(yl to which it offsets any previous revaluation gaiffj in which case the loss is shown wiihill other recognised gaills alld losses on the statement of nancial activitics. Depreciation Depreciation is calculated so as to writs off the thst OT valuation of an 3&8eL less its residual valuc. over the usethl life of that asset as follows." Freehold t4nd & BuAldiDgs FiXtuS & Fittings oiri¢c Equipm¢nl 2•/0 per annum of NBV 150/0 pcr atinum ot NBV 15/0 per aLv of NBV Impairment Assets not measured at fair value are r¢vi¢wed for any indxc8tion that the asset may be impaired at each balaa¢e sh¢et date. If such indicati(Trn exists, the recovernble allLount of th¢ asseL or the assets cash generating unlt, is estllnatsd and cornpar¢d to the caArying amounL Where th¢ ¢arrying aoUllt ¢¢dS its recover&bl¢ amoimL an inwairnient loss is 01$¢d in protit OT 1055 unl¢ss Ibe asset is caTried al a revalued amount where the impailment loss is a raation decrease. 12-
Ty Croeso (Ystradgynlais & Distriet) Ltd Company Limited by Guarantee Notes to the Financial Statsments (eonthmvd) Year ended 31 July 2024 Limited by Euarlllltee The company is limited by guarantee and as sucty has no shares issued. Don2tions and legacies Unrestrieted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Donadons Donations 15,034 15,034 12,518 12,518 Other donatEons and legade8 Public coAle£lion iM)xes 130 130 15.034 15.034 12,648 12.648 Other trxding activitiey Unrestricted Total FuDds Funds 2024 Unrestricted Total Funds Fuiids 2023 Charity Shop Income 27.616 27,616 32.359 32.359 IDvestrnent income UJ)restricted Totsl Futtds Fwids 2024 Unrestricted Fund5 Total Funds 2023 Bank interest r¢c¢ivable 2,627 2.627 990 990 Eipendithre on charitsble activities by fund type Unrestricted Totsl Funds Unrestricted Fulld5 2024 Funds Total Funds 2023 Charitsble Activity Support costs 58.989 7.780 58989 7,780 54.579 7.400 54.579 7.400 66.769 66.769 61979 61,979 Expendltttre oh rharitsble artlviile$ by Aedvlty type Activities undertaken dircctly Supw)rt costs Total funds 21124 Total fund 2023 Charitable Activity Govemauce wsts 58.989 58,989 7,780 54,579 7.400 7.780 58,989 7,780 6Q769 61.979 13-
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee otes to the Financial Statements Year ended 31 Juty 2024 10. Nct exp¢nditwre Net expenditure is stated after chging/(CledItJng). 2024 2023 Depreciation of tangible fixcd assets IW2 1.987 11. Independent examlDAtlon fe 2024 2023 Fees payabl¢ to the independent examiner for: Independent ¢xamiuation of the financial Statements 870 12. Staff rosts The total staff costs and employe¢ ben¢fits for the reporting period are anafysed as follows.. 2024 2023 Wages and salaries 37,866 35,566 The averng¢ head count of employees during the year was 6 (2023: 6). The &v¢r&gc number of full-tirne uivalent employees during the year is anatysed as follows." 2024 2023 No. Number of ngem¢llt staff Number of carei itsff No ¢mpIO rcceiv¢d enlployee benefits of More than £60.000 during the year (2023: Nil). 13. Trustee remnlleradon and expense5 There was no trustees, remull¢ratioll or other benefits for the year ended 31 July 2024 or 2023. Th¢r¢ w¢re no trusl¢es' ewses paid for the year ended 31 Juty ?024 or 2023. 14-
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Notes to the Financial Statements {¢Mrtnued) Year ended 31 July 2024 l& Tangible rued a88¢ts Land and buildings Fixtures and fittitigs Equipment Total Co81 At l August 2023 and 31 Jnty 21124 Depreei&ilon At l August 2023 Charge for the year At 31 Julv 2024 103.790 19,503 520 123013 30.834 1.459 16.702 420 501 4&037 1082 32293 17,122 504 49,919 CArryillg amount At 31 July 21J24 At 31 Juty 2023 71.497 2,381 16 73,894 75,776 72956 2,801 19 15. Creditors: Aniomnts falllng due wlthln one year 2024 2023 Accrnals and deferred Income Social security and other tsxes Oth¢r creditors 1,074 170 1.020 162 1252 l& AnalysL8 of eharhabk fllttds Unrestricted fnnds At l August 2023 At Transfers 31 Jpty 21124 Income Expenditiwe Unrestricted Funds Desigiiated Funds 84,910 100,365 45277 {66,769) 100.365 (100.365) 163,783 185275 45.277 (66,769) 163,783 At I Au8USt 2022 Income Expenditure TrAnsfers At 31 July 2023 Unrestricted Funds Designated Funds 100,892 100,365 45,997 (61.979) 84,910 IOOJ65 201257 45,997 (61,979) 185.275 The TSlee3 have decided to transfer the desited fimds back to unrestiioted fllnds. 15-
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Notes to the Financial Staten)ents fcontin4ed) Year ended 31 July 2024 17. Analysis of net assets between funds Unxestrict¢d Total Funds Fund5 2024 T&ngible fixed assets Cutrent &%sets Creditors less than l year Net assets 73.894 91,141 {1.252) 73,894 91,141 (1252) 163,783 163,783 Unrestricted Funds Total Funds ?023 Tangible red &ssets Current assets Creditors less than l year Iyet aS8ets 75,776 110,689 (1.190) 185,275 75.776 110,689 {1.190) 185275 l& OperatRng lease tommitinents The total futu millimum lease payments under non-¢an¢ellable opeiating leases are &s follows: 21124 2023 Not latsr tlwi l year Later than l year and not later than 5 years 72(M) 20AOO 7,200 27,600 27,600 34,800 16-
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Management Information Year ended 31 July 2024 The followiDg pagu do not fonn part of the financial statements. 17-
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 July 2024 2024 2023 Intome Yllld endowments Donations legoeies Doft)&tions Public collection box 15,034 12,518 130 15,034 l2,648 Other trading gctsvitie8 LIMrKty Shop Income 27,616 32,359 IDvestffjellt income Bank interest receivablc 2,627 990 Total in¢ome 45277 45,997 ExpeDditllre Expenditur¢ ¢haTitable activities Wages and salaries Rent Light and heat Repairs end mainten3nce Insurance Other estsblislllllent Other motorltravel sts Legal and professional t¢es Telephone Oth¢r Jfficc costs Depreciation Lunches & groceries Battk Charges Sun(tries 37,866 7200 4,098 788 1,721 1.690 5J46 1,634 613 473 1082 2,770 467 221 35.566 5.533 3,973 731 1.434 1.980 5,205 1,122 568 447 1,987 2,427 477 529 6fj769 61,979 Totsl expenditure 66,769 61,979 Net expellditsTe {21.492) (15,9¥2) A8-
Ty Croeso (Ystradgynlais & District) Ltd Company Limited by Guarantee Notes to the Detsiled Statement of Financial Aetivities Year ended 31 July 2024 2024 2023 Expenditu on ¢b*ritsble %ctiVRties Charitable Acthrfty Adivilies underlakeR dtrediy Wageslsalaries Rent Llgbt & heat Rq)airs & nlaintenance Insurance Waste Disposal Other motorltravel costs Telq)bone Other 01CC costs D¢pTe¢iation Lunches & groceries Bank Charges Sundries 32J42 7,2nn 4,098 788 1,721 1,690 5946 613 473 1360 2,770 467 221 29.943 5.533 3.973 731 1.434 1,980 5,205 568 447 1,332 2.427 477 529 58.989 54,579 Gov¢rnallce costs Wageslsalarie5 Accountancy fees Legal and oth¢r professional f¢es Depreciation 5,524 1,074 560 622 5.623 1,122 655 7,780 7,400 Expendfjtu on charitable acttvltles 66,769 19-