COMPANY REGISTRATION NUMBER: 03267674 CHARITY REGISTRATION NUMBER: 1068156 The Ty Glyn Davis Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 PJE ACCOUNTANTS & ADVISORS Chartered accountants 23 College Street Lampeter SA48 7DY
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 20 Notes to the detailed statement of financial activities 21
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who afe also the directors fof Ihe purposes of cofflpany law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reforence and administrative details Registered charity name The Ty Glyn Davis Trust Limited Charity registratlon number 1068156 Company reglstratlon number 03267674 Principal off Ice The Retreat Graig Place Aberdare CF44 7RE Reglstered office The Retreat Graig Place Aberdare CF44 7RE The trustee8 Bruce Cardwell Sian Davies Jacqui Lyne Wendy Symons-Jones Mary McGlynn Lewis Thomas Colin Eldridge (Appointed 4 November 2023) The following trustees relire at the 2024 Annual General Meeting and being eligible offer Ihemselves for re-election.. Mary McGlynn and Wendy Symons-Jones. Independent examin8r Robert Gray F.C.A 23 College Street Lampeter SA48 7DY Strueture, governance and management Governing document The charity's governing document is the Memorandum and Articles of Association on incorporation on 23 October 1996, as amended by Special Resolulion dated 27 November 2013 as amended by Special Resolution registered at Companies House on 17 March 2016.
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 ObjectiV6s and aGtSvities Objectives The charitable objects of the charity are, for the public benefit.. 1 } The relief of those who are in need by any reason of youth. age, ill-health, disability, financial or other disadvantage by the provision and mainlenance of residential holiday centfes, facilities andlor projects for the use, enjoyment and benefit of such people who are in need ( in particular children and young people} and such persons as may be necessary to look after theif needs. 2) To organise and provide or assist in the organisalion and provision of facilities or projects for recreation in the interests of social welfare with Ihe object of improving the condition of life for boys and girls both disabled and able-bodied who are under the age of 25 years (or such higher educational age as the trustees may from time to time decide} and any person who has been injured in work or through activity and any person who needs respite care and who by reason of their youth or social and economic circumstances have need of such facililies or projects. 3) The provision of facilities, for members of the public at large in the inlefests of social welface, for recreation or other leisure time occupation. Policy to achleve objectives The objectives are being achieved by the provision of purpose built accomodation and facilities al Ty Glyn for use by disabled individuals and groups. Public beneflt We have referred to the guidance contained in Ihe Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. How our activities dellvèr public benefit Our main activities and who we try to help are described below. All our charitable aclivilies focus on Ihe activities outlined in the 'Objeclives' paragraph above and are undertaken to further our charilable purposes for the public benefil. strategic report The following seclions for achievements and performance and financial review form the strategic report of the charity Achlevements and performance
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conlinueiyj Year ended 31 March 2024 Flnancial review Risk management In line with the requirements set by the Charily Commission. the trustees have compiled a register of potential risks. 11 is now felt that the major risks to which the charity is exposed. as identified by the trustees, have been reviewed and systems have been established lo mitigate these risks The risk regisler is reviewed on an annual basis. Reserves The trustees have determined that Ihey will relain as reserves a sum which is not less than £150,000. Review of the Year Holiday Centre fees of £22.Ok for the year lo 31 March 2024 was a decrease of -18ts/0 from last year £26.9k. Loss for Ihe year of1£30.9k), was improvement on last year (£60k). mostly due to less garden work carried out. Renewable Heat Incentive (RHI) received was £1.4k, last year £1.1k. Expenses for the year were £61.8k, (lasl year £95.8k) and included £6k re-surfacing and edging. repairing path and new seat.. grass cutting £1.8k. Value of investments al 3113124 was £396.6k. There were drawdowns from investments of £30k for general expenses. Increase in value of inveslments from previous year was an excellent £57k. The Irustees wish lo express their gratitude lo Kelly Melnicenko, Centre Manager, and Victoria Thomas, Gardener, for their considerable achievements dufing Ihe year. Trustees, responsibilities in relatlon to the linancial statements The Irustees (who are also directors of The Ty Glyn Davis Trust Limited for the purposes of company law) are responsible for preparing the Trustees, Reporl and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards. Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for the year. In preparing these financial statements, the trustees are required to.. select suitable accounling policies and then apply them consistently-, observe the melhods and principles in the Charities SORP;_ make judgments and estimates that are reasonable and prudent- slate whether applicable UK Accounling Standards have been followed. subject lo aiiy material departures disclosed and explained in the financial statements.. prepare the financial stalemenls on Ihe going concern basis unless it is inappropriate lo presume that the charity will contin ue in operation, The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure Ihal the financial statements comply with the Companies Act 2006. The Iruslees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report} (Continued) Year ended 31 March 2024 The trustees. annual report and the strategic report were approved on 26 September 2024 and signed on behalf of the board of tiustees by.. Jacqui Lyne Trustee
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Ty Glyn Davis Trust Limited Year ended 31 March 2024 I reporl to the trustees on my examination of Ihe financial slatements of The Ty Glyn Davis Trust Limited ('Ihe charity,) for the year ended 31 March 2024. Responsibilities and basls of report As the trustees of the company {and also ils directors for the purposes of company law} you are responsible for the preparation of Ihe financial slatements in accordance with the requirements ol the Companies Act 2006 ('the 2006 Acl'l. Having satisfied myself that the accounts of the company are not required lo be audited under Pafl 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Acl'l. In carTying out my examination I have followed Ihe Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in conneclion with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do noi accord with those records: or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requiremenl that the accounts give a 'lrue and fair, view which is not a matter considered as parl of an independent examinalion; or the financial statemenls have nol been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their acoounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other mallers in connection wilh the examination to which attention should be drawn in Ihis report in order to enable a proper underslandinq ol the accounts to be reached. Robert Gray F.C.A Independent Examiner 23 College Street Lampeter SA48 7DY 26 September 2024
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account} Year ended 31 March 2024 2024 Unrestricted Endowment funds funds Total funds 2023 Total funds Note In¢omo and andowments Donations and legacies Investment income Other income 23,285 6,175 1.417 23,285 6,175 1.417 28,760 5,908 1,079 Total income 30,877 30,877 35.747 Expendlture Expenditure on charitable activilies Total expenditure 61,824 61,824 61,824 61,824 95,827 Net gainsl(losses) on inveslments 10 57.132 57,132 (30,320) Net in¢omel{expendituré) and net movement In funds 26,185 26,185 {90,400) Reconciliatlon of funds Tol81 funds brought forward Total funds Carried forward 477,000 503,185 104,844 581,844 672,244 104,844 608,029 581.844 The statement of financial activities includes all gains and losses recognised in the yeai. All income and expenditure derive from continuing aclivities. The notes on pagos 10 to 18 form part of these financial statements.
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Flxed assets Tangible fixed assets Investments 15 16 206,631 396,604 211.556 369,472 603,235 J81,028 Current assets Debtors Cash at bank and in hand 17 3,132 6,614 3,051 9,497 9,746 12,548 Creditors: amounts falling due within one year Trade credilors Accruals and deferred income 1,623 3,329 4.301 7,431 4,952 11,732 Net current assets 4,794 816 Total assets less current liabilities 608,029 581,844 N8t assets 608,029 r81,844 Funds of the charlty Endowment funds Unrestricted funds 104,844 503,185 104,844 477,000 Total charlty funds 19 608,029 581,844 For the year ending 31 March 2024 the charity was entilled to exemption from audit under section 477 of the Companies Acl 2006 ielating lo small companies. Directors, responsibilities- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance wilh seclion 476; The directors acknowledge their responsibilities fof complying with Ihe requirements of the Act with respect to accounting records and the preparation of financial statements These financial stalements have been prepared in accordance with the provisions applicable lo companie5 subject to the small companies. regime. The statement of financial position continues on the following page. The notes on pages 10 to 18 form part of these financial stateinents.
The Ty Glyn Davis Trust Limited Company Limitsd by Guarantee Statement of Financial Position {¢ontinuedJ 31 March 2024 These financial statements were approved by the board of trustees and authorised fof issue on 26 September 2024, and are signed on behalf of Ihe board by.. Jacqui Lyne Tiustee The notes on pages 10 to 18 form part of these financlal statements.
The Ty Glyn Davls Trust Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activitles
Net incomel
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a publi¢ benefit entity and a private company limited by guarantee. registeied in England and Wales and a registered charity in England and Wales. The address of the registered office is The Retreat, Graig Place, Aberdare, CF44 7RE. Statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Stalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparatlon The financial statements have been prepared on the hislorical cost basis, as modified by the revaluation of cerlain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to conlinue. Judgements and key sources of estimation uncertainty The preparalion of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These eslimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use at the discretion of Ihe trustees to furlher any of the charity's purposes. Designated funds are unrestricted funds earmarked by Ihe trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor Of through the terms of an appeal, and fall into one of two sub-cla5se5.' restricted income fiinds or endowmenl funds. 10-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (conlinued) Incoming resources All Incoming resources are included in Ihe stalement of financial activities when entitlement has passed to Ihe charity., it is probable that the economic benefits associaled wilh the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular calegories of income.. income from donations OT grants is recognised when there is evidence ol entillemenl lo the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established income from donated goods is measured at Ihe fair value of the goods Linless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the eslimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts afe included for the conlribulion of general volunteers. income from conlracts for Ihe supply of services is recognised with Ihe delivery of Ihe contracted service. This is classified as unreslricled funds unless thefe is a conlraclual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources oxpended Expenditure is recognised on an accruals basis as a liabilily is incurred Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the slaleinenl of financial activities to which it relates.. expenditure on raising funds includes the cosis of all fundraising activities, events. non-charitable trading aclivities, and the sale of donated goods. expenditure on chafilable 8Ctivities includes all costs incurred by a charity in undertaking activilies that further ils charitable aims for the benefit of its beneficiaries. including those support cosls and costs relating lo the governan of the charily apportioned to charitable activities. other expenditure includes all expenditure that is neithef related to raising lunds for the charily nor part of ils expenditure on charitable aclivities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single aclivity are allocated directly to Ihat aclivity. Shared costs are apporlioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded al cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the date of ievaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 11
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policles fcontinued) Tangiblo assets (contlnue(l) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unles5 it reverses a charge for impairmenl that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other reco9nised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to wrile off the cost or valualion of an assel, less its residual value, over the useful economic life of that asset as follows.. 20/0 Straight line Freehold properly Inve5tment8 Unlisted equity investments are initially recorded at cost. and subsequently measured at fair value. If fair value cannol be reliably measured. assets are measured at cost less impairmenl. Listed investments are measured al fair value with changes in fair value being recognised in income or expenditure. Investments In assoclates Investments in associates accounted fof in accordance wilh the cost model are recorded al cost less any accumulated impairment losses. Investments in associates accounled for in accordance wilh the fair value model ale initially recorded al the transaction price. At each reporling dale, Ihe investments are measured al faif value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investmenl are recognised as income wilhoul regard to whether the dislributions are from accumulated profits of the associate arising before or after the dale of acquisition. Investments In Jolnt ventures Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled enlities accounted for in accordance wilh the fair value model are initially recofded at the transaction price. At each Teporling date. the investments are Ineasured at fair value, with changes in fair value taken through income or expendilure. Where it is impracticable to measure fair value reliably without undue cost Of effort, the cost model will be adopted. Dividends and olher dislributions received from the investment are reco9nised as income wilhoul regard to whether Ihe distributions are from accumulated profits of the Joint venture arising before or after the date of acquisition. 12-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2024 Accountlng pollcies (contlnued) Impairment of fixed assets A review for indicators of impairment is carried out al each reporting date, with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset Is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible lo estimate the recoverable amount of an individtjal assel, an estimate is made of the recoverable ainounl of Ihe cash-generating unit to which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets Ihat includes the asset and generates Gash inflows Ihal largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from Ihe acquisition dale, allocated to each of the cash-generating units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnancial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the inslrumenl. Basic linancial instruments are initially recognised at the amount receivable 01 payable including any related Ifansaclion costs. Current assets and currenl liabilities are subsequently measured al the cash or olher consideration expected to be paid or received and nol discounted. Debt instruments are subsequently measured at amortised cosl. Where investments in shares are publicly Iraded or Iheir fair value can otherwise be measLiied reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All olher such investments are subsequenlly measured al cost less impairment. Olher financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is defefred beyond normal business terms or financed al a r31e of interest that is not a market rate, in which case Ihe asset is measured at the PTe5ent value of the fulure payments discounted at a markel rate of interest for a similar debt instfumenl. other financial instruments are subsequently measured al fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amorlised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of iinp8irinenl, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 13-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continuedj Flnanclal Instrufnents fconlinued) For all equity inslruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characlerislics Any reversals of impairment are recognised immediately, to the extenl that the reversal does nol result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmlted by guarantee The Ty Glyn Davis Trust Limited is a company limited by guarantee and a regislefed charity governed by its memorandum and articles ol associalion. Donation8 and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Unrestricted donations Accommodation 1.200 22,085 23.285 1,200 22,085 23,285 1,814 26,946 1,814 26,946 28,760 28,760 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other investment income 6.175 6,175 5,908 5,908 Other Income Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Renewable Heat Initiative 1.417 1,417 1,079 1,079 -14-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Expenditure on charitable activities by fund type Unrestricted Funds Reslricled Total Funds Funds 2024 Charitable activity 61,824 61,824 Unreslricted Funds Restricted Total Funds Funds 2023 Charitable activity 79,940 15,887 95.827 Expenditure on charitable activities by actlvity type Activities undertaken Total funds directly 2024 Total fund 2023 Charity activity 61,824 61,824 95,827 10. Net galnsl(losses) on Investments Unrestricted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Gainsl(losses} on investment assets 57.132 57,132 (30,320) (30,3201 11. Net Incomellexpenditure) Net incomel(expenditure) is stated after chargingl(crediting)-. 2024 2023 Depreciation of tangible fixed assets 4,925 4.925 12. Independent examination fees 2024 2023 Fees payable to the independent examiner for. Independenl examination of the financial stalements 384 384 13. Staff cosls The total staff costs and employee benefits for the reporting period are analysed as follows. 2024 2023 Wages and salaries 29,713 30,497 15-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (eonllnued) Year ended 31 March 2024 13. Staff costs (continued) The average head count of employees during Ihe year was 2 (2023.. 2}, The average number ol full-time equivalent employees duiing the year is analysed as follows.. 2024 2023 No. Number of staff No employee received employee benefits of more Ihan £60,000 during the year (2023.. Nil). 14. Trustee remuneration and expenses None of the trustees have been paid any remuneration by the charity. or received any other benefits from an employment with the charity or any related entily. No trustee expenses have been incurred or paid during the year. 15. Tangibl6 flxed assets Land and buildiiigs Cost At 1 Aprll 2023 and 31 March 2024 Depreclation Al 1 April 2023 Charge for the year At 31 March 2024 306,787 95,231 4,925 100,156 Carrylng amount At 31 March 2024 206,631 Al 31 March 2023 At Cost or Revaluation- Land £45,000 (2023'.£45,000), Buildings £261,787 (2023 £261,787) AI Net book value.. Land £45.000 {2022'.£45,000), Buildings £166,55612022..£171.481) The Land is not depreciated. whereas the Buildings are depreciated at 20/0 on a straight line basis. The land on which the centre slands was transferred to Ty Glyn Davis Trust Limited as a gift in 1998. The biiilding and equipment was Iiansferred lo Ty Glyn Davis Trust Limited in October 1996. The trustees elected to revalue al their discrelion and using their best iud9emenl. 16
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 16. Investments Other investments Cost or valuation Al 1 April 2023 Additions Disposals Other movements 369,472 {30,0001 57,132 At 31 March 2024 396,604 Impalrment At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 396,604 At 31 March 2023 369,472 All investmenls shown above are held al valuation. 17. Debtors 2024 2023 Prepayments and accrued income 3,132 3,Oaf1 18. Deferred Incom8 2024 2023 Amount deferfed in year 2,945 6,750 19. Analysis of charitable funds Unrestrlcted funds Al 1 April 2023 Gains and At losses 31 March 2024 Income Expenditure Unrestricted Funds 477,000 30.877 (61,824) 503,185 At 1 April 2022 Gains and Al losses 31 March 2023 Income Expenditure Unrestricted Funds 551,513 35,747 (79.940) 130 320) 477,000 17-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 19. Analysis of charitable funds (continued) Endowment funds At 1 April 2023 Gains and At losses 31 March 2024 Income Expenditure Endowment Fund 104.844 104,844 At 1 April 2022 Gains and Al losses 31 March 2023 Income Expendilure Endowment Fund 104,844 104,844 20. Analysis of net assets between funds Unrestricted Endowment Total Funds Funds Funds 2024 Tangible fixed assels Investments Current assets Creditor5 less than 1 year Net assets 101,787 396,604 9,746 {4,952) 503,185 104,844 206,631 396,604 9,746 14,9521 608,029 104.844 Unreslricted Endowment Funds Funds Total Funds 2023 Tangible fixed assets Invesiments Current assets Creditors less than 1 year Net assets 106,712 369,472 12,548 (11.732) 477,000 104,844 211,5Jf6 369,472 12,Jf48 {11,7321 581,844 104,844 21. Analysis of changes in net debt Al 1 Apr 2023 Cash flows At 31 Mar 2024 Cash at bank and in hand 9,497 (2,883) 6,614 18-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not form part of the financial statements. 19-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies Unrestricted donalions Accommodation 1,200 22,085 1,814 26,946 23,285 28,760 Investment income Other inveslmenl income 6,175 5,908 other Income Renewable Heal Initialive 1,417 1,079 Total Income 30,877 35,747 Expenditure Expenditure on charltable actlvlties Wa9es and salaries Light and heat Repairs and maintenance Insurance Other establishment Accountancy Motorltravel costs Bank charges Telephone Other office costs Depreciation 29,713 3,214 1,773 3,678 14,008 2,837 311 87 1,090 188 4,925 61,824 30,497 5,468 4,169 3,Jf54 42,651 2,837 362 84 1,030 4.925 95,827 Total expendlture 61,824 95.827 Net gainsl(losses) on investments Gainsl{losses) on other investment assets 57,132 (30,320) Net Incomel{expendituro) 26,185 {90,400) -20-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable activities Activltles undertaken directly Direct charitable activity wageslsalaries light & heat repairs & maintenance insurance 29,713 3,214 1,773 3,678 30,497 5,468 4,169 3,Jf54 É 11 property maintenance accountancy motorltiavel costs bank charges telephone postage, stationery and advertising depreciation 14,008 2,837 311 87 1,090 188 4,925 42.651 2,837 362 84 1,030 4,925 61,824 95,827 Expenditure on charitable actlvities 61,824 95.827 21