MACHYNLLETH AND DISTRICT CARE ENTrE TRUST LTD TRUSTEES A PORT and ACCOUNTS ¢ov¢rin 'ear ended 31 st De¢em ¢r 2024
MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD TRUSTEES ANNUAL REPORT INDEPENDEFrr EXAMNERS REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEBT N07ES FORMING PART OF THE FNANCIAL STATEMENTS 7-12
Mach ,nlleth and District Care Centre Trnst Ltd TrUSTEES AFtNUAL REPORT for the Year Ended 31st Dec¢mber 2024 The trustees present their report and financial statements for the year ¢nded 31 Bl December 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name Machynlleth and District Care Centre Trust L Charity Registrdtion Number 1061445 Company Registration Number 3292600 Registered Office and Operational Address Machynlleth and District Care Centre Forge Road Machynlleth Powys SY20 8EQ Trnstees The following serveAI as trustecs during the year Mr I.R. Warren (Chairn18n) Mrs B.G. Jones Mrs EJ. Jones Ms M. Rees Mrs E.E.IL Pugh Mrs J.E Warren-Kyl¢ Mrs C. Upadhyay Mr J.M WAlliams Accountants Major and Evans, Bull House, 15 P¢nrallt Str¢¢L Machynlleth, Powys. SY20 8AG. Bankers NatWesL AberyStWh Branch (B). PO Box 5, Owain Glyndwr Square. Aberystwyth, Ceredigion, SY23 2NB,
Machvnlleth and District Care CenttE Trnst Ltd TRUSTEES ANNUAL REPORT for the Year Ended 31st December 2024 STRucirruRE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporatsd on I ith December 1996. The company was established under a memorandum of Assocftation which establishes its objects and power5 and is governed under its Articl¢s of AsSlatiOn. In the event of th¢ charity being wound up members are Tequired to contribute an amount not exceeding £1. OBJECllVES AND ACTivrfIES The objects of ihc charity arc: to provide for the public b¢nefit of the inhabitants of Machynlleth &nd th¢ su}Und1ng areas. in the following ways: i) To provide facilities in the interest of social welfar¢ for recrcation and leisure time occupation with the objcct of improving the life of such person To relieve poverty in particular. but nirt exclusively. by provision of counselling and advice s¢Tvices. To protect and pr&8erve the good health of such persons and to relieve sickness by the provision of services and facilitie5 not nonnally provided by the statutory authoritie5 for the benefit of the inhabitants who are sick. elderly, infirn? or who are physically of mentslly disabled. ACHIEVETrTs Al PERFORMANCE The charity continues to work towards its objectives by the successful operation of Machynlleth and District Care Centsy. FINANCIAL REVIEW The Statement of Financial Activities shows total income of £38212 and expendittire of £51.768 resu]ting in net expenditure of £13,556 {2023 - £5,357 net Expenditure). The capital expenditure during 2024 was Nil (2023 - Nil ) I]IUSTEES RESPONSIBILITIES The trustees are also company directors for the purpoK of company law. Company law requires the directors to prepare fancial statements for each financial year which giv¢ a true and fair view of the stats of the company and of th¢ surplusldefjcit of th¢ company for that period. In prcparing these financial statementy the directors are required to: select sultable accounting policies and apply them consistcntly; make judgements and ¢5timatss that are reasonable and prudent. and prepare the financia] statements on a going concern basis. unless it is inappTopriat¢ to assume that th¢ company will continue to operate. The directors are responsible for kc¢ping proper accounting recoTds which disclose wlth reasonable accurncy at any time the financial position of th¢ company. and enable thenj to ensu that the financial statements comply with the Companies Act 2006. They ar¢ also responsible for safeguarding the assets of the company, and hence for taking reasonable skps for the prev¢ntion and detection of fraud and other irregularities.
Machi'nlleth and District Care Centre Trust Ltd TRUSTEES ANNUAL REPORT for th¢ Year Endd 3 1st December 2024 PUBLIC BEIYEFIT STATEMENT In exercising their powers, the trustees hav¢ complied with their duty to have due r¢ganl to the guidance on public benefit published by the Charity Commission. SMALL COMPANY RULES Th¢ company has taken advantage of the small companies exemption in preparing the r¢port above. By Order of the Board J.L. Brunton - Company Secretary 15th September 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LIMtTED I report on the a¢Unts of the company for the year ended 31St December 2024, which ar¢ s¢t out on pages 5 to 12. Respective Responsibilitles of Trusttts and ExAmfiner The trust¢¢s (who ar¢ also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not reqUId for this year under section 144(2) of the Charities A¢t 201 E (the 201 l Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examinatioffj it is my responsibility to., Examine th¢ accounts under se10n 145 of the 2011 Act To follow the PTocedures laid down in the general Directions 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. Basi$ of Independent EJaminer's Report My examination was carried out in cOrdance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the aLxounts Presented with those records. It aEso includes ¢onsideration of any unusal items or disclosures in th¢ accounts. and sttking explanations from you as trust¢¢s concerning any such matters. The proceduros undertaken do not provide all the evidence that would be required in an audit and consequ¢ntly 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 statsment bek)w. Independent Examlner's Statement In o)nn¢¢tion with my examination, no matter has come to my attention ." l ) Which gives me a reasonable cause to b¢liev¢ that in any material respect the requirements . to keep accounting records in accordan¢e with section 386 of the Companies Act 2006" and to prepare account5 which accord with the arxounting e0rd8. mplY with the accoullting requirements of section 396 of th¢ Compani¢s Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reportin8 by Charities (FRS 102) hav¢ not been rneL or 2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the acwunts to be r¢ached. R W Evans BS¢ E¢on(Hons), FCCA Major and Evans, Chartered Certified AcUntants, Bull House. 15 Penrallt Streei Machynlle Powy5 1 5th Septanb¢r 2025
MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) For the Year Ended 31st December 2024 Notes Unrestricted Fund Endowment Fund Total 2024 Total 2023 Income Operation of Care Centre Donations Investment Tncome 36.999 252 961 36.999 252 961 37.715 165 868 Total Income 38.212 38,212 38.748 Expendfiture Cost of operdting Care Centre 51.768 51,768 44,105 Net Ineome l (Expenditure) (13J56) (13,556) (SJ57) Transfers b¢tween funds Net Movement ID Funds (13.556) (13.556) (5,357) Funds brought forward 101,582 341,884 443,466 448,823 Funds carried forward 8&026 341,884 429,910 443.466
MACHYNLLETH AND DISTRI CARE CENTRI TRUST LTD BALANCE SHEET As at 3 1st December 2024 Notes 2024 2023 FIXED ASSETS Tangible Assets 416.341 416,515 CURRENT ASSETS Debtors Ch at Bank and in Hand 3.314 67,113 70,427 2.970 80,318 83,288 CREDfTORS - amounts falling due within One year 6,858 6,337 NET CURRENT ASSETS 63.569 479.910 76,951 493.466 CREDITORS - amounts falling due aft¢r more than one year 10 {50,000) {50,000) TOTAL NET ASSETS 429,910 443,466 CAPAL FUND Endowment 341,884 341,884 INCOME FUND - Unrestricted 12 88,026 101,582 429,910 443,466 The company was entitled to exemption from audit under $477 of the Companies Acl 2006 relating to small companie5. The members have not required the wmpnay to obtain an audit in ordance with s 476 of the Companies Act 2006. The directors acknowledge th¢ir respoT]sibilities for complying with the requirements of th¢ Companies Act with respect to accounting records ad the preparation of accounts. These accounts have been PTepaTed in accordance with the provisions applicable to small companies subject to the small companies regime and in CordanCe with FRS 102 SORP. These finaT]cial statements were approved by the directors and authorised for issue on 15th September 2025 and are signed on their behaIf by". Mrs E.E.R. Pugh - Director Mrs C. Upadhyay- Director Company Rewstration Number: 3292600
MACHYNLLETH AND DISTRICT CARE CENTRE TRUST LTD NOTES FORMING PART OF THE FINANCIAL sTATEmEs for the Year Ended 31st December 2024 l. Accounting Policies a) Basis of Preparation of Financial Statements The financial statements have been prepared in aLxordan¢e with Accounting and Reporting by Charities: Statement of Recomm¢nd¢d Prncticc applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (i&8ued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Machynlldi and District Care Centre Trnst Ltd meets the dcfinition of a public ben¢fit entity under FRS 102. Assets and liabilitics injlially recognised at historical cost or transaction value unless otherwise stated in the relevant a¢Unting policy. b) Income All income is recognised on¢¢ the company has entitknent to the income. it is probable that the income will be received and the amount of income reeeivable can be measured Kliably. For legacies. entitlement is token as the earli¢r of the dat¢ on which either: the company is aware that probate has been granted. the estate has been finalised and notification has been made by the executor(s) to the company that a distribution will be made, or when a notified of the executor's intention to make a distribution. Where l¢gacies have been notified to the company, or the company is aware of the granting of probate, and th¢ criteria foT income recognition have not been me( then the legacy is treated as a contingent asset and disclosed if materlal. Donatcd s¢rvic¢s or facilities are recOgnis when the company has control over the item. any conditions associated with the donated item have been mel the receipt of economic benefit from the use of the Company of the item is probable and that economic benefit can b¢ measured reliably. In accordancc wilh th¢ Charities SORP (FRS 102). general volunteer tirne is not rOlsed. e) Expenditure Expenditure is r¢cogniscd once there is a le8al or constructiv¢ obligation to transfer economic benefit to a third paty, it is probable that a transfer of econo]nic benefits will bc required in settlement and the amount of the obligation can be m¢asured reliably. Expenditure is directly attributed to the relevant cost category in the Stat¢ment of Financial Activities.
MACHYNLLETH AND DISTRIcf CARE CENTRE TRUST LTD NOTES FORMING PART OF THE FINANCIAL STATEMEiYrs for the Year EDded 31" December 2024 contlnued d) Tangible Fixed Assets Tangible fixed assets are stated at cost less depreciation. Depreciation is provid¢d at rate5 calculated to write off the cost less estimated residual value of each asset over its expe(*ed useful life as follows: i) LKa5¢hold property - over the period of the lease. ii) Fixture& fittings and equipment- 20-33tA¥o per annum (reducing balance mcthod). e) Debtors Trade and other debtors are recognised at the settlement amount due aftcr any tradc disc(MHrt offered. Prepayments are valued at th¢ amount prepaid. D Creditors aDd Provl8lon8 Cr¢ditors atKI provisions ar¢ recognised wh¢r¢ the charity has a present obligation resulting from a past ¢vent that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated r¢liably. Creditors and provisions are nomially recognised at their s¢ttlem¢nt amount after allowing for any trade discounts du¢. g) Financial Instrnments The company only has finan¢tal assets and financial liabilities of a kind that qualify as basic fU1claI instrum¢nts. Basic finan¢ia] instruments are initially recogThised at transaction value and subsequently measured at their settlement vU¢. h) Funds i) Endowment Fund Grants which have been given to the Charity subject to the r¢strAction that thcy aTe to be used to purchase or cnbancc the capital assets are treated as endowment funds. ") Restrithd funds Income r¢¢eiv¢d from public sector bodi¢s and others to be used in furtherance of particular aspects of the Charity are s¢parated and treated as TtrICted funds. iii) Unrestricted Funds Unr¢strictsd funds are donations and other incom¢ resources receivable or for the objects of the Charity without further specified purpose and are available as general funds.
lcHyNLLETH AND DISTRICT CARE CENTRE TRUST LTD NOTES FORMING PART OF THE FINANCL4L STATEMENTS for the ear ended 31 st Decernber 2024 ntinued IOme from Operation of Care Centre 2024 2023 Rental Incomc Rechar8¢d Expenses 28.778 8,221 28.325 9.390 36.999 37.715 Costs of Operatlng the Care CeDtre 2024 2023 Stsff Salaries and National Insurance Contributtons Pension Contributions Water Char8eS Heat and Light Insurance R¢pairs and Maintenance Telephone Postage and Stationery Bank Charges AOUntancY Payroll Service5 Miscellaneous Depreciation 17,040 324 1.244 14.465 1.196 14.316 872 117 119 1,204 300 397 174 17.040 324 ,314 14259 1.010 6,973 881 202 104 1,092 360 320 226 51,768 44,105 Staff 2024 2023 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 {2023 - 1) The dIrtorS were not paid or Teimbursed for expenses during the year.
MACHYNLLETH AND DISTRIC CARE CENTRE TRUST LTD NOTES FORMING PART OF THE FINANCIAL STATEMEwrs for th¢ ear ended 31 st Dernbtt 2024 continued Transfers between Funds Unrestricted Fuftds Endowment Fund a) Capitsl recogniycd as ¢xpend¢d by means of noiional chaTg¢ for d¢pTecialion Flxed Asgets Tangible Assets Fr Fumiture Fittin Total Im rovements Cost: At I st January 2024 Additions Disposals 415.706 8.874 424,580 415.706 8,874 424.580 Depreciatlon: At 1st January 2024 Charge in Year Dis]x)sals 8.065 174 8.065 174 8,239 8.239 Net Book Value At 31 st Dember 2024 415,706 635 £ 416.341 Net Book Value At 3 1st D¢cember 2023 415,706 809 £ 416.515 10
MACHYNLLETH AND DISTRICT CARE CERE TRUST LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the rar ended 3 1st D¢¢ember 2024 tinued Debtors 2024 2023 Tr&4e D¢btOTS 3.314 2.970 Cayh a¢ Bank and in Hand 2024 2023 Cumt Account Deposit A¢count Cash in Hand 8,678 58,430 7,950 72,327 41 67,113 80,318 Credliors: amounts falling due within one year 2024 2023 Loans (Unsecured) Accruals and deferred Income Other Creditors 3,000 3,754 3,000 3,218 119 6,858 6.337 10. Creditors: amounts falling duc after one year 2024 2023 Loans (Secured} 50,0(K) 50.000 The loan of £50.000 from Machynlleth Hospitsl IAgue of Friends is 5ccured by a lcgal ¢h&rge on the freehold property.
MACHYNLLETH AND DISTRIcf CARE CENTRE TRUST LTD NOTES FORMING PART OF THE FINANCIAL STATEMENTS car cnded 31 st De ber 2024 conti Endowment Fund Balan¢e 31.12.23 Transfer Balan¢¢ 31.12,24 341,884 341,884 Thc endowment fund rcpresents grants receiv¢d from the National Lottery Chariti¢5 Board for the acquisition, refurbishment and improvement of the old Machynlleth. Corris and DirIc1 Hospital building togethcr with furnitur¢, fittings and equiprnent less the accumulated depreciation provided on those &8s¢ts, 12. Anxlysis ofNet Assds btheen FuDd$ Tangible Fixed Assets Current A5set$ Endowmcnt fiJnd UnTestricted fund 341.884 74,457 416.341 341,884 88.026 429.910 63569 63,569 {50,000) 150,0001 12