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 AberyStW￿h 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 AsS￿latiOn. 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.
ACHIEVETr￿￿Ts 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 f￿ancial 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 reqUI￿d 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 se￿10n 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 Ac￿Untants,
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
C￿h 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
CAP￿AL 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 sTATEmE￿s
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 r￿O￿lsed.
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
fU￿1claI instrum¢nts. Basic finan¢ia] instruments are initially recogThised at transaction value
and subsequently measured at their settlement v￿U¢.
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 T￿trICted 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.

l￿cHyNLLETH AND DISTRICT CARE CENTRE TRUST LTD
NOTES FORMING PART OF THE FINANCL4L STATEMENTS
for the
ear ended 31 st Decernber 2024
ntinued
I￿Ome 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
A￿OUntancY
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 dIr￿torS 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 De￿rnbtt 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 D￿ember 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 CE￿RE 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 Di￿rIc1 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