MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
TRUSTEES ANNUAL REPORT and ACCOUNTS
coverin
the
ear ended
3 1st December 2023

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
CONTENTS
TRUSTEES ANNUAL REPORT
tNDEPENDENT EXAMINERS REPORT
STATEMENT OF FtNANCIAL ACTIVITIES
BALANCE SHEET
NOTES FORMtNG PART OF THE FINANCIAL STATEMENTS
7-12

Mach Ileth and District Care Centre Trust Ltd
TRUSTEES ANNUAL REPORT
for the Year Ended 31 st December 2023
The trustees present their report and financial statements for the year ended 31" December 2023.
REFERENCE AND ADMINISTRATIVE INFOR1￿TIoN
Charity Name
Machynllcth and District Care Centr¢ Trust Ltd
Charity Regi.8tration Numbcr
1061445
Company Registration Number
3292600
Registered Office and Operational Address
Machynlleth and District Care Centre
Forge Road
Machynlleth
Powys
SY20 8EQ
Trustees
The following served &8 trustees during the year
Mr l.R. Warren (Chairnian)
Mrs B.G. Jones
Mrs E.J. Jones
Ms M. Rees
Mrs E.E.R. Pugh
Mrs J.E Warren-Kyle
Mrs C. Upadhyay
Mr J.M Williams
A¢¢ountants
Major and Evans, Bull House, 15 Penrallt StreeL Machynlleth, PoThys, SY20 8AG.
Bankers
NatWesL Aberystty Branch (B), PO Box 5. Owain Glyndwr Square, Aberystwyth,
Ceredigion, SY23 2NB.

Mach Ileth and District Care Centre Trust Ltd
TRUSTEES ANNUAL REPORT
for the Year Ended 31 st December 2023
STRUCUTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, Inco￿orated on I l December 1996. The
company was established under a memorandum of Association which ¢stablishc5 its objccts and powers
and is governed under its Articles of Association. In the event of the charity being wound up members are
required to contributc an amount not exceeding £1 .
ORIECTIVES AND ACTIVITIES
The objects of the charity are: to provide for the public benefit of the inhabitants of Machynllcth and the
surrounding are&8, in the following ways:
i)
To provide facilities in the interest of social welfare for recreation and leisure time occupation with the
object of improving the life of such persons.
To relieve poverty Én particular. but not exclusively, by provision of counselling and advice services.
To protect and preserve the good health of such persons and to relieve sickness by the provision of services
and facilities not norn]ally provided by the ststutory authorities for the benefit of the inhabitants who are
sick, elderly, infinn or who are physically of mentally disabled.
ACHIEVEMENTS AND PERFORMANCE
The charity continues to work towards its objectives by the successful operation of Machynlleth and
District Care Centre.
FINANCIAL REVIEW
The Statement of Financial Activities shows total income of £38,748 and expenditure of £44.105 resulting
in net expenditure of £5,357 (2022 - £6,827 net Expendlture).
The capital expenditure during 2023 was Nil (2022 -Nil )
TRUSTEES RESPONSIBILITIES
Thc trustees ar¢ also company directors for the purpose of company law.
Company law ￿quireS the directors to prepare financial statements for each financial year which give a true
and fair view of the state of the company and of th¢ surplus/deficit of thc company for that period. In
preparing these financial statements, the directors are requircd to:
select suitable accounting policies and apply them consistently.
make judgements and estimates that are reasonable and prudent. and
prepare the financial statements on a going concern basis, unless it is inappropriate to assume that the
company will continue to operate.
The directors are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the company, and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the company, and hence for taking reasonable steps for th¢ pr¢vention and detection of fraud and other
I￿egular1ties.

Mach Ileth and District Care Centre Trust Ltd
TRUSTEES ANNUAL REPORT
for the Year Ended 31 st December 2023
PUBLIC BENEFTT STATEMENT
In exercising their powers, the trustees have complied with their duty to have due regard to the guidance on
public benefit published by the Charity Commission.
SIWL COMPANY RULES
The company has taken advantage of the small companies exemption in preparing the report above.
By Order of the Board
J.L. Brunton - Company Secretsry
16th sept￿nber 2024

tNDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
MACHYNLLETH AND DISTRtCT CARE CENTRE TRUST LIMITED
I report on the accounts of the company for the year ended 31 $1 December 2023, which are set out on pages 5 to 12.
Respective Responsibilities of Trustees and ELqminer
The trustees (who are also the directors of the company for the pU￿oSe of company law) are responsible for the
preparation of the accounts. Th¢ trustees consider that an audit is not required for this year under section 144{2) of
the Charilies Act 2011 (the 201 l Act) and that an independent examination is needed.
I laving satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my ￿SponSibl11ty to:
Examine the accounts under section 145 of the 201 l Act
To follow the procedures laid down in the general Dircctions given by the Charity Commission
under section 145(5)(b) of the 2011 Act- and
To state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounling records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusal items or disclosures in the accounts, and
seeking explanations from you as trustees ¢on¢erning any such matters. The procedures undertaken do not provide
all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts
present a 'true and fair view, and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my cxamination. no matter has come to my attention ".
l ) Which gives me a reasonable cause to believe that in any material respect the requirements .
to keep accounting records in accordance with section 386 of the Companies Act 2006" and
to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with thc mcthods and principles of the
Statement of Recommended Practice." Accounting and Reporting by Charities (FRS 102)
have not been met, or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to
be reached,
R W Evans Bsc Eeon{Hons), FCCA
Major and Evans,
Chartered Ccrtificd Accountants,
Bull House,
15 Penrallt Street,
Machynlleth,
Powys
16th September 2024

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES
(including Income and Expenditure Account}
For the Year Ended 31st December 2023
Notes
Unrestricted
Fund
Endowment
Fund
Total
.2023
Totsl
2022
Income
Operntion ofcare Centre
Donations and Legacies
Investment Income
37,715
165
868
37,715
165
868
39,898
165
175
Total Income
38,748
38,748
40,238
Expenditure
Cost of operating Care Centre
44.105
44,105
47,065
Net Income l (Expenditure)
(5J57)
(5J57)
(6,827)
Transfers between funds
Net Movement in Funds
(5,357)
(5,357)
(6.827)
Funds brought forward
106,939
341,884
448,823
455,650
Funds carried forward
IOlJ82
341,884
443,466
448,823

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
BALANCE SHEET
As at 3 Ist December 2023
Notes
2023
2022
FIXED ASSETS
Tangible Assets
416,515
416,740
CURRENT ASSETS
Debtors
Cash at Bank and in Hand
2.970
80.318
83,288
6,025
84,891
90,916
CREDITORS - amounts falling
due within one year
6,337
8,833
NET CURRENT ASSETS
76,951
493,466
82,083
498,823
CREDITORS - amounts falling
due after more than one year
io
(50,000)
(50,000)
TOTAL NET ASSETS
443.466
448,823
CAPITAL FUND
Endowrneni
341,884
341,884
INCOME FUND - Unrestricted
12
101,582
106,939
443,466
448.823
The company was entitled to exempiion from audit under s477 of the Companies Act 2006 relating
to small companies.
The members have not required the compnay to obtain an audit in accordance with s 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirernents of the Companies
Act with respect to accounting records ad the preparation of accounts.
These accounts have been prepared in ac¢ordan¢¢ with the provisions applicable to small companies
subject to the small companies regime and in accordance with FRS 102 SORP.
Th¢s¢ financial statements were appToved by the directors and authorised for is5u¢ on 16th Septem￿r 2024
and are signed on their behalf by:
Mrs E.E.R. Pugh - Director
Mrs C. Upadhyay- Diiector
Company Registration Number: 3292600

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
st
for the Year Ended 31 December 2023
l. Aceounting Policies
a) Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of R¢comm¢nded Prd¢tic¢ applicabl¢ to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ircland (FRS 102) (issued in October 2019) - (Charities SORP (FRS 102)), the
Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102) and the
Companics Act 2006.
Machynlleth and District Care Ccntrc Trust Ltd meets the definition of a public benefit entity
under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction
value unless otherwise stated in the relevant accounting policy.
b) Income
All income is recognised once the company has entitlement to the income, it is probable that
the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either.. the company is
aware that probate has been granted, the estate has been finalised and notification has been
mad¢ by the executoi(s) to the company that a distribution will be made, or when a notified of
the executor's intention to make a distribution. Where legacies have been notified to the
company, or the company is aware of the granting of pmbate, and the criteria for income
recognition have not been met, then the legacy is treated as a contingent asset and disclosed if
material.
Donated services or facilities are reeognised when the company has control over the item, any
conditions associated with the donated item have bcen met, the receipt of econoTnic benefit
from the use of the company of the item is probable and that economic benefit can be
measured reliably. In accordance with the Charities SORP (FRS 102), gcncral volunteer time
is not rccognised.
¢) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer
economic benefit to a third party, it is probabl¢ that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured
reliably. Expenditure is directly attributed to the relevant cost category in the
Statement of Financial Activities.

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
li
for the Y¢Ar Ended 31$t Deeember 2023
conlinued
d) Tangible Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is
provided at rates calculated to write off the cost less estimated residual value
of each assct over its exp¢ctcd useful life as follows".
i) Leasehold property - over the period of the lease.
ii) Fixtures, fittings and ¢quipmcnt- 20-33 ⅓Q/o annum (reducing balance method).
e) Debtors
Trade and other debtors are recogniscd at the scttlcment amount due after any trade discount
offered. Prepayments are valued at the amount prepaid.
D Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to s¢ttle the obligation can be measured or estimatsd reliably. Creditors and
provisions are nonnally Tecognised at their settlement amount after allowing for any trade
discounts due.
g) Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instrnments are initially recognised at transaction value
and subsequently measured at their settlemcnt value.
h) Funds
i) Endowment Fund
Grants which have been given to the Charity subject to the restriction that they are to be used
to purchase or enhanc¢ the capital assets are treated as endowment funds.
ii) Restricted funds
Income received from public sector bodies and others to be used in furtherance of particular
aspects of the Charity are Separat￿ and treated as restricted funds.
iii) Unr¢stri¢ted Funds
Unrestricted funds are donations and other income resources receivable or for the objects of
the Charity without further specified purpose and are available as general funds.

MACHYNLLETH AND DISTRicf CARE CENTRE TRUST LTD
NOTES FORMING PART OF THE FINANCIAL STA TEMENTS
for the
ar ¢nded 31 st D¢c¢mber 2023
continued
Income from Operation of Care Centre
2023
2022
Rental Income
Recharged Expenses
28,325
9.390
31,083
8.815
37.715
39,898
Cosls of Operating the Care Centre
2023
2022
Staff Salaries and
National Insurance Contributions
Pension Contributtons
Water Charges
Heat and Light
Insurance
RepaTrs and Maintenance
Telephone
Poslage and Stationery
Bank Charges
Accountancy
Payroll Services
Miscellaneous
Depreciation
17,040
324
1,314
14.259
1,010
6,973
881
202
104
1,092
360
320
226
17,040
324
975
10,959
962
13,774
848
246
94
1,040
270
239
294
44,105
47.065
Staff
2023
2022
Total Staff Costs Comprised..
Wages and Salaries
Pension Contributions
17,040
324
17,364
17.040
324
17,364
The average number of employees in the year was l (2022 - 1)
The dlrectors were noi paid or reimbursed for expenses during the year.

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
for the ear ended 31 st December 2023
continued
Transfers between Funds
Unrestricted
Funds
Endowment
Fund
a) Capital recognised as expended by
means of notional charge for depreciation
Fixed Assets
Tangible Assets
Freehold
Pro
erl
rovement5
Furniture
Filtin
and
ui
ment
Total
Cost:
At I st January 2023
AdditioT]s
Disposals
415.706
8,874
424.580
415,706
8,874
424,580
Depreciation:
At I st January 2023
Charge in Year
Disposals
7,840
225
7,840
225
8,065
8,065
Net Book Value
At 31 st December 2023
415,706
809 £
416,515
Net Book Value
At 31st December 2022
415,706
1,034 £
416,740

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
NOTES FORMING PART OF THE FINANCIAL STATEMEI¥4TS
for the vear ended 31 st December 2023
continued
Debtors
2023
2022
Trade Debtors
Accrued Income
2,970
4,370
1.655
2,970
6,025
Cash at Bank and in Hand
2023
2022
Current Account
Deposlt Account
Cash in Hand
7,950
72,327
41
8,581
76,294
16
80,318
84.891
Creditors: amounts falling due
within one year
2023
2022
Loans (Unsecured)
Accruals and deferred income
Othcr Crcditors
3.000
3,218
119
3.000
5,714
119
6,337
8,833
10.
Creditors: amountq falling due
after one year
2023
2021
Loans (Secured)
50,000
50,000
The loan of £50,000 from Machynlleih Hospital League of Friends is s¢¢ured
by a legal charge on the freehold property.

MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
for the ear ended 31 st December 2023
continued
EndoTrvment Fund
Balance
31.12.22
Transfer
Balance
31.12.23
341,884
341,884
The endowment fund r¢pr¢s¢nts grants received from the National Lottery Charities
Board for the acquisition, refurbishment and tmprovemenl of the old Machynlleih. Corris
and District Hospital bullding together with fumiture, fittings and equipment less the
accumulated depreciation provided on those assets,
12.
Analysis of Net Assets between Funds
Tangible
Fixed Assets
Net Current
Assets
Total
Endowment fund
Unreslricted fund
341,884
74.631
416,515
341,884
101,582
443.466
76.951
76.951
(50,000)
150,0001
12