COMPANY REGISTRATION NUMBER: 03267674 CHARITY REGISTRATION NUMBER: 1068156 The Ty Glyn Davis Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 PJE ACCOUNTANTS & ADVISORS Chartered accountants 23 College Street Lampeter SA48 7DY
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Financial Ststements Year ended 31 March 2025 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 flnancial 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 2025 The trustees, who are also the directors for the purposes of company law, present Iheir report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative detalls Reglstered charity name The Ty Glyn Davis Trust Limited Charlty reglstyation number 1068156 Company reglstratlon number 03267674 Principal office The Retreat Graig Place Aberdare CF44 7RE Registered offl¢e The Retreat Graig Place Aberdare CF44 7RE The trustees Bruce Edward Cardwell Caroline Sian Davies Jacqueline Frances Lyne Wendy Anne Simmonds-Jones Mary Ruth McGlynn Lewis Nigel Thomas Colin Clifford Eldridge The following trustees retire at the 2025 Annual General Meeting and being eligible offer themselves for re-election.. Caroline Sian Davies Lewis Nigel Thomas Independent exam5ner Robert Gray F.C.A 23 College Street Lampeler SA48 7DY Structure, 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 Resolution 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) (Contlnugdj Year ended 31 March 2025 Objectlves and activities 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 maintenance of residential holiday centres, 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 their needs. 2) To organise and provide or assist in the organisation and provision of facilities or projecls for recreation in the interests of social welfare with the 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 Iruslees may from time to lime decide) and any person who has been injured in work or through activily and any person who needs respite care and who by reason of their youth or social and economic Circumstances have need of such facilities or projecls. 3) The provision of facilities. for members of the public at large in the interests of social welfare, for recreation or other leisure time occupation. Pollcy to achl•v• obJectlve8 The objectives are being achieved by the provision of purpose built accommodation and facilities at Ty Glyn for use by disabled individuals and groups. Public benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. How our actlvltles dellver publlc beneflt Our main activities and who we try to help are described below. All our charitable activities focus on the activities outlined in the 'Objectives' paragraph above and are undertaken to further our charitable purposes for the public benefit. Strateglc report The following sections 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) (conllnuedj Year ended 31 March 2025 Financial review Rlsk management In line with the requirements set by the Charity Commission. the trustees have compiled a register of potential risks. It is now felt that the major risks to which the charity is exposed. as identified by the truslees, have been reviewed and systems have been established to miligate these risks. The risk register is reviewed on an annual basis. Reserves The trustees have determined that they will retain as reseNes a sum which is not less than £150,000. Revlew of the Year Holiday Centre fees of £21.1k for the year to 31 March 2025 was a decrease of 4% from last year £22.Ok. Donalions included £10k from Post Code Lottery grant. Loss for Ihe year of (£44k), was worse than last year (£31k). mostly due to the charity having to pay council tax, including second home premium, following new Welsh Government rules. Renewable Heat Incentive (RHI) received was £1.2k, last year £1.4k. Expenses for the year were £84.7k. (last year £61.8k} and included new cost of council tax £9.4k, centre repairs £9.5k and Naidex exhibition £2.6k. Bookings gained at Naidex more than covered its cost. Value of investments at 3113125 was £371.3k. There were drawdowns from investments of £40k for council tax and general expenses. Increase in value of investments from previous year was £14.7k. The trustees wish to express their gratitude to Kelly Fevre, Centre Manager, and Victoria Thomas, Gardener, for their considerable achievements during the year. Trustees, re8ponslbllltles In relatlon to the flnanclal 8tatement8 The trustees (who are also directors of The Ty Glyn Davis Trust Limited for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements 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 accounting policies and then apply them consislently. . observe the methods and principles in the Charilies SORP,'_ make judgments and estimates that are reasonable and prudent: state whelher applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue 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 to ensure that the financial statements comply with the Companies Act 2006. The trustees 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) (contlnuedj Year ended 31 March 2025 The trustees. annual report and the strategic report were approved on 17 September 2025 and signed on behalf of the board of trustees by: 3(ly4 Jacqueline Frances 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 2025 I report to Ihe trustees on my examination of the financial statements of The Ty Glyn Davis Trust Limited ('the charity,) for the year ended 31 March 2025. Respon8ibilltle8 and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act.). Having satisfied myself that the accounts of the company are not required to be audiled under Part 16 of the 2006 Act and are eli9ible for independent 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 Act.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my atlention in connection 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 not 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 requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination", or the linancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>. I have no concerns and have come across no other Matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Robert Gray F.C.A Independent Examiner 23 College Slreet Lampeter SA48 7DY 17 September 2025
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted Endowment funds funds Total funds Total funds 2024 Note Income and endowments Oonations and legacies Investment income Other income 33.214 6.089 1,246 33,214 6,089 1,246 23,285 6.175 1,417 Total income 40,549 40,549 30,877 Expendlture Expenditure on charitsble activities Total expenditure 84.715 84,715 61,824 84.715 84,715 61,824 Net gains on investments 10 14,683 14,683 57,132 Net {8xpenditure)Ilncome and net movement In funds {29,483) 129,483 26,185 Reconclllatlon of funds Total funds brought foDNard Total funds carrled forward 503,185 104.844 608,029 57B,546 581,844 608,029 473,702 104,844 The statement of financial activities includes all gains and losses recognised in the year. ASI income and expenditure dérive from continuing activities. The notes on pages 10 to 18 form part of these flnancial statements.
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Flxed assets Tangible fixed assets Investments 15 16 201,706 371.287 206,631 396,604 572,993 603,235 Current assets Debtors Cash at bank and in hand 17 4,013 20,278 24,291 3,132 6,614 9,746 Credltors: amounts falling due wlthln one year Trade creditors Accruals and deferred income 1,623 17,115 1,623 3,329 4,952 4,794 18.738 Net current assets 5,553 Total a88ets less current Ilabllltles 578,546 578,546 608,029 608,029 Net assets Funds of the Charlty Endowment funds Unreslricted funds 104,844 473,702 578.546 104,844 503,185 608,029 Total charity fund8 19 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relaling to small companies. Diractors, responsibilities- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476: The directors acknowledge their iesponsibilities for complying wilh the requirements of the Act with respect to accounting records and the preparation of financial stalements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to Ihe small companies, iegime. The statement of financial position continues on the following page. The notes on pages 10 to 18 form part of these flnanclal statements.
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Statement of Financial Position (eonlinued) 31 March 2025 These financial slatements were approved by the board of trustees and authorised for issue on 17 September 2025, and are signed on behalf of the board by: Jacqueline Frances Ly Trustee The notes on pages 10 to 18 form part of these flnanclal stateinents.
The Ty Glyn Davis Trust Limited Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating actlvitles Net (expenditure)lincome (29,483) 26.185 Adjiistments for.. Depreciation of tangible fixed assets Net gains on investmenls Other interesl receivable and similar income Accrued expensesl(income) 4,925 (14,683) (6,089) 13,786 4,925 (57,132) (6,175) (297) Changes in.. Trade and other debtors Trade and other creditors {881) (81) {6,483) (39,058) Cash generaled from operaiions 132,42S) Interest received 6,089 6,175 (32,883) Net Cash used in operating activities (26,336) Cash flows from investing actlvltles Proceeds from sale of other investments 40,000 40,000 30,000 30,000 Net cash from investing aclivities Net increasel(decrease) in cash and cash equlvalents Cash and cash equivalents at beglnnlng of year Cash and cash equlvalents at end of year 13,664 6,614 20,278 (2,883) 9,497 6,614 The notes on pages 10 to 18 form part of these financial statements.
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General Informatlon The charity is a public benefit entity and a prNate company limited by guarantee, registered 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 Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabililies 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. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported, These estimates and judgements are continually reviewed and are based on experience and other faclors, including expectations of future events that are believed to be reasonable under the circumstances. Fund aecountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the Ifustees for particular fulufe project or commitment. Restricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of Iwo sub-classes: restricted income funds or endowment funds. 10-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (confinued) Year ended 31 March 2025 Accounting policles (conllnuedj Incomlng resources All incoming resources are included in the statement of financial activities when enlitlement has passed to the charity-, it is probable that Ihe economic benefits associated with the transaction will flow to the chafity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is regnised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the conlribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be Tegarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expendilure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes 811 costs incurred by a charity in undertaking aclivities that further its charilable aims for the benefit of ils beneficiaries, including those supporl costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activilies. All costs are allocated to expenditure Categories reflecting the use of the resource, Direct costs attributable to a single activity are allocated directty to that activity. Shared costs are apportioned beiween the activities they contribute to on a reasonabte, justifiable and consistent basis. Tangible assets Tangible assels are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounls are recorded at the fair value at the date of revaluation 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 (contlnued) Year ended 31 March 2025 Accounting policies {contlnued) Tanglble assets feonflnued) An increase in the carrying amouni of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless it reverses a charge for impaiiment 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, excepl to which it offsets any previous revaluation gain, in which case the k)ss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows: Freehold property 20/0 Straight line Inveslments Unlisted equity investments are initially recorded at cost, and subsequently measured al fair value. If fair value cannol be reliably measured, assets are measured at cost less impairmenl. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investments In associates Investments in associates accounled for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the ITansa¢tion price. At each reporting date, the investments are measured al fair value. with changes in fair value taken through income or expendilure. 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 Ihe investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition. Investments in joint ventures Investments in jointly controlled entities accounted for in accordan with the cost model are recorded at cost less any accumulated impairmenl losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, Ihe investments are measured at fair 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 investment are recognised as income without regard lo whether the dislribulions are from accumulated profits of the joinl 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 (Conlinued) Year ended 31 March 2025 Accounting pollcles fcontlnuedj Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Vvhere the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoveiable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generales cash inflows that largely independenl of the cash inflows from other assels or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Sn8trum8nts A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial insiruments are initialty recognised at the amount receivable or payable including any relaled transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Vvhere investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with Changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including deiivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond noTmal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market late of interest for a similar debt instrument. Other financial instruments are subsequently measured at 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 amortised cost are reviewed for objective evidence of impairment al the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which Ihe initial gain was recognised. 13-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (contlnuedj Flnancial instiuments (continued) For all equity instruments 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 credil risk characteristics. Any reversals of impairment are recognised immediately, to the extent Ihat the reversal does not result in a carrying amount of the financial asset thal exceeds what the carrying amount would have been had the impairment not previously been recognised. Limited by guarantee The Ty Glyn Davis Trust Limited is a company limited by guarantee and a registered charity governed by ils memorandum and articles of association. Donatlons and legacSe8 Unrestricted Total Funds Unrestricled Tolal Funds Funds 2025 Funds 2024 Donatlons Unrestricted donalions Accornmodation 12,086 21.128 33.214 12,086 21,128 33,214 1,200 22,085 23.285 1,200 22,085 23,285 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Other investment income 6,089 6,089 6,175 6,175 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Renewable Heat Initialive 1,246 1,246 1.417 1,417 Expendlture on charltable activities by lund type Unreslricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Charitable Activity 84.715 84.715 61,824 61,824 14-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuad) Year ended 31 March 2025 Expenditure on charitable activities by activity type Activities undertaken Total funds directly 2025 Total fund 2024 Charitable Activity 84.715 84,715 61,824 10. Net galns on Investmenls Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Gainsl(losses) on other investment assets 14.683 14,683 57.132 57,132 11. Net lexpendlturellincome Net (expenditure}lincome is ststed after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets 4,925 4,925 12. Independent examlnatlon fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial stalements 384 384 13. Staff costs The lotal staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries 29,933 29,713 The average head count of employees during the year was 2 (2024.. 2). The average number of full~time equivalent employees during the year is analysed as follows.. 2025 No. 2024 No. Number of staff No employee received employee benefits of rmre than £60.000 during the year (2024.. Nil). 15-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements {conUnued) Year ended 31 March 2025 14. Trusteg remuneratlon and expenses None of the trustees have been paid any remuneration by the charily,or received any other benefits from an employment with the charity or any related entity- No trustee expenses have been incurred or paid during the year. 15. Tangible fixed assets Land and bulldings Cost At l April 2024 and 31 March 2025 Depyeclation At 1 April 2024 Charge for the year At 31 March 2025 306,787 100,156 4,925 105,081 Carrying amount At 31 March 2025 201,706 206,631 At 31 March 2024 At Cost or Revaluallon: Land £45,000 (2024 :£45.000), Buildings £261,787 (2024.. £261.787). At Net book value". Land £45,000 (2024 '.£45,000), Buildings £161,631 (2024 .£166,556). The Land is not depreciated, whereas the Buildings are depreciated at 20 on a straight-line basis. The land on which the ntre stands was transferred to Ty Glyn Davis Trust Limiled as a gift in 1998. The building and equipment was transferred to Ty Glyn Davis Trust Limited in October 1998. The Irustees elected to revalue at their discretion and using Iheir best judgement. 16. Investments other Inve8tm8nls Cost or valuatlon At 1 April 2024 Additions Disposals At 31 March 2025 396,604 {25,317) 371,287 Impalrment At 1 April 2024 and 31 March 2025 Carrylng amount At 31 March 2025 371,287 396,604 At 31 March 2024 All investments shown above are held at valuab'on. 16-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements {conllnued) Year ended 31 March 2025 17. Debtors 2025 2024 Prepayments and accrued income 4,013 3,132 18. Deferred Income 2025 2024 Amount deferred in year 2,945 2,945 19. Analysls of charitable funds Unrestrlcted funds At 1 April 2024 Gains and At losses 31 March 2025 Income Expenditure Unrestricted Funds 503.185 40,549 (84,715) 14,683 473,702 At 1 April 2023 Gains and At losses 31 March 2024 Income Expenditure Unrestricted Funds 477.000 30,877 (61,824) 57,132 503,185 Endowment funds At 1 April 2024 Gains and At losses 31 March 2025 Income Expenditure Endowment Fund 104,844 104,844 At 1 April 2023 Galns and At losses 31 March 2024 Income Expendilure Endowment Fund 104,844 104.844 17-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Notes to the Financial Statements {conflnuedJ Year ended 31 March 2025 20. Analysls of net assets between funds Unrestricted Endowment Total Funds Funds Funds 2025 Tangible fixed assets Investments Currenl assets Creditors less than 1 year Net assets 96,862 371,287 24,291 (18,738) 473,702 104,844 201,706 371,287 24,291 118,738) 578,546 104,844 Unrestricted Endowment Total Funds Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 101,787 396,604 9,746 (4,952) 503.185 104,844 206,631 396,604 9,746 (4,952) 608,029 104,844 21. Analysls of changes in net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 6,614 13,864 20,278 18-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Management Information Year ended 31 March 2025 Tho following pages do not form part of the financiat statements. 19-
The Ty Glyn Davis Trust Limited Company Limited by Guarantee Detsiled Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donatlons and legacles Unrestricted donations Accommodation 12,086 21,128 1,200 22,085 33,214 23,285 Investment Income Other investment income 6,089 6,175 Other income Renewable Heat Initialive 1,246 1,417 Total Income 40,549 30,877 Expendlture Expenditure on charltable actlvities Wages and salaries Council tax Exhibition Light and heat Repairs and maintenance Insurance Property maintenance Legal and professional fees Motorltravel costs Bank charges Telephone Other office costs Depreciation 29,933 9.444 2,573 5,815 5,647 3,934 17,239 3,453 640 114 1,025 73 4,925 29,713 3,214 1,773 3,678 14,008 2,837 311 87 1,090 188 4,925 61,824 84,715 Total expenditure 84,715 61,824 Net galns on Investments Gainsl{losses) on other investment assets 14,683 57,132 Net (expendlturelllncome (29,483 26,185 -20-
The Ty Glyn Davis Trust Limited Company Limitsd by Guarantee Notes to the Detailed Statement of Financial ActiVTties Year ended 31 March 2025 2025 2024 Expendlture on charitable activitles Actlvitles undertaken dlrectly Direct charitable activity - wageslsalaries council tax naidex exhibilion light & heat and water repairs & maintenance insurance property maintenance legal and professional expenses motorltravel cosls bank charges telephone postage, stationery and advertising depreciation 29,933 9,444 2,573 5,815 5,547 3,934 17,239 3,453 640 114 1,025 29.713 3,214 1.773 3.678 14,008 2,837 311 87 1,090 li 73 4,925 84,715 188 4,925 61,824 Expendlture on ¢harltable actlvltles 84,715 61.824 21