Company Number 3420271 MANTELL GWYNEDD CYF. (LIMITED BY GUARANTEE) FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS.) REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report together with the accounts for the year ending 31 March 2024. Principal Activity and Review The principal activity of the Company during the year was to promote any charitable objectives for the good of the people of Gwynedd, and especially through assisting and supporting such charitable objectives and work of volunteer organisations Wlthin the welfare district. Further information on the activities can be seen in the Annual Report which is available at the company's premises. Reference & Adminlstrative Detalls Charity Name Mantell Gwynedd Cyf. Registered Charlty Number 1068851 Reglstered Company Number 3420271 Registered and Prlncipal Office 25 Y Bont Bridd Caernarfon Gwynedd LL55 1AB Auditors Emyr Mortimer Archwilwyr Cyf. 32 Y Maes Caernarfon Sollcitors Pritchard Jones Lane 37 Y Maes Caernarfon Bankers Barclays Bank Cambrian Credit Union Parc Menai 144 Conway Road Bangor Llandudno Junction Conwy Santander Bridle Road Bootle Merseyside The Charity Bank Ltd. Fosse House 182 High Street Tonbridge Shawbrook Bank Ltd. Lutea House Warley Hill Business Park Great Worley Brentwood Flagstone Group - HSBC, Aldermore, Nationwide, and Sainsbury's Banks. 1 St Floor Clareville House 26-27 Oxendon Street London
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS,) REPORT - contlnued FOR THE YEAR ENDED 31 MARCH 2024 Trustees (Directors) The members who served during the year and the current members are'.- Gwen Griffith (Chairman resigned 20.12.23) Elwen Roberts (Treasurer) Sydna Ann Williams (Vice Chairmanlvice Treasurer 20.12.23) Trystan Pritchard {Vice Treasurerlchairman 20.12.23) Betty Williams Y Tad Deiniol Meinir Wyn Evans (Vice Chairman appointed 20.12.23) The names of the senior staff members (Management Team) are'.- Bethan Russell Williams - Chief Officer Ceren Williams - Deputy Chief Officer & Head of Finance and Operations Team All staff are paid in accordance with the local government pay scale. Structure, Govarnance & Management The company is limited without share capital and is a registered charity and its governing document is its Memorandum & Articles of Association. Appointments are made at the Annual General Meeting, in accordance with the Memorandum and Articles of the charity. Mantell Gwynedd has a process to induct new trustees. It is the responsibility of the Chief Officer and the Chairman to ensure that the new trustees follow the induction process. The business of the Charity is managed by the trustees. Trustees are responsible for developing the Charity's policy structure, and ensuring that the Charity is managed effectively The aim is lo secure the welfare of the charity, thus enabling the work to continue in the future. Staff have been appointed, to work directly for the Trustees, to oversee the day to day management of the office, in line with the operating policy. The Board meets at least four times per annum, although additional meetings may be convened should the need arise. The trustees may appoint one or more sub-committees in accordance with the Memorandum and Articles of the Company. R18ks faclng Mantell Gwynedd durlng 25-26 The current Partnership Agreement with Welsh Government is in place until March 2025. Future core fundlng will be dependent on the outcome of budget and review negotiations within Welsh Government. Departments within Welsh Government will need lo show the effect of withdrawing any current funding. Whilst a change in funding arrangements might result in reputational damage or a legal challenge to Welsh Government, there will be a need for WG Officials to show the impact of funding The work of measuring core funding impact has been underway by TSSW and alongside this impact work a Business Plan is also being developed by TSSW The additional funding provided by Welsh Government during 2021-22 enabled the work of Soclal Value Cymru to continue with a three member staff team. Despite considerable interest in this work and successful bids already won by the team it must be noted that the future of this work is entirely dependent on winning tenders and other contract work. At this moment in time the work is in abundance with the team having to turn down some opportunities, but with other organisations and institutions also venturing into this area of work the competition will be greater. Cuts to organisational budgets might mean there is no financial flexibility within organisations to commission this type work. As part of the planning work relating to Social Value Cymru the Board of Mantell Gwynedd decided to invest £75,000 of reseNes funding to appoint a fourth member of staff who will help with the current workload and also help ensure that the team are no longer turning down potential work.
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS'} REPORT- contlnued FOR THE YEAR ENDED 31 MARCH 2024 Risk8 faclng Mantell Gwynedd durlng 25-26 - contlnued Mantell Gwynedd have always needed to present bids for additional funding to a host of external funders. However, with external fundlng sources appearing to be less and competition for the funding much greater there will be a need to be both creative and proactive in presenting bids. Proposed cuts in Local Authority and other public sector budgets will mean opportunities to bid to those organisations will be fewer and funding much less. Mantell Gwynedd, for example, will need to identify a suitable funder to continue the the Gafael Llaw Volunteering project and whilst funders have been identified the competition is likely to be much tougher. The Arfon Soclal Pre8criptlon project has been funded through the Betsi Cadwaladr University Health Board since 2016. The current funding stream comes to an end in March 2025 and there is therefore considerable risk to the future of this project. In September 2023 the Health M in ister placed all Health Boards under the microscope with regard to financial responsibilities and planning. There is also considerable competition for Social Prescribing funding and there will be a need to act swiftly when a funding opportunity arises. Our saving grace is that Mantell Gwynedd has diligently measured the social value of this project since 2016 using the SROI (social return on investment) methodology. We will continue to measure the social value of the projeci so that we are well placed to bid when a funding opportunity arises. We failed to secure funding from the Regional Integrated Fund despite being encouraged by Cyngor Gwynedd to do so. Negotiations continue during 2024 to identify funding. During 2024 Mantell Gwynedd's Board acknowledged the risk relating to the Dolgellau offlca in terms of upkeep liability The office is an old registered building and despite reserves funding having been spent on it in recent years the likely upkeep in future years will be substantial. Given the reduced use of the building since covid with greater online activity taking place, plus a n umber of tenants having left the building due to project closures, the Board took the decision to put the building on the open market during the Spring of 2024. It is hoped a sale will close during the end of 2024 but the building remains a risk until ils disposal. ObJectlve8 and Actlvltle8, Achlevemant8 and Performance The aim of Mantell Gwynedd is to support voluntary and community groups, to encourage individuals to volunteer and to be a strong voice for the third sector in Gwynedd. It is a registered charitable company with local membership, but is also part of the Wales wide nelwork of County Voluntary Councils. Its, core funding comes from the Welsh Government via the WCVA. The organisation also takes on numerous other projects all with the same objective, to support and promote volunteering and the third sector in Gwynedd. The activities include the following'.- Promote, develop and support volunteering opportunities Represent the third sector on, and work collaboratively with, strategic partnerships Support individuals and organisations to engage more effectively with public bodies Provide governance support to organisations e.g. constitutional and financial matters Support organisations to better measure their value, particularly social value Operate as a link beeen individuals and third sector organisations e.g Social Prescription Provide support to run projects, and pilot projects on behalf of the third sector as and when needed. Administer grant funding and provide advice on sources of funding Promote the development of social enterprises and sustainability of organisations Promote and co-ordinate third sector consortia arrangements Share informalion with the third sector via the quarterly newsletter, bulletins, information sheets, the website, social media and any other relevant sources. Offer a programme of training to support organisations and volunteers in their work Offer practical services such as the loan of equipment, including the Mobile Unit, phoiocopying seNice, meeting rooms and office space. Offer payroll services Encourage working collaboratively across sectors.
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS.) REPORT- continued FOR THE YEAR ENDED 31 MARGH 2024 Objective8 and Actlvltles, Achievement and Performance - Continued Mantell Gwynedd Projects during 2023-24 Gwynedd Voluntoer Centre project The main role of the Volunteer Centre is to promote and celebrate volunteering, recruit and support volunteers as well as advise on and develop good practice in volunteering Volunteers, Week 2023. Every year the Gwynedd Volunteer Centre organises a range of activities during 'Volunteers' Week, which is a national event to celebrate volunteering. This year, we returned to Portmeirion for the highlight of the Week with our'celebration and Thank You Event,. Our guest speaker was Emyr Williams Chief Executive of Eryri National Park Authority who discussed the importance of the contribution of volunteers to the national park. Scam Awar6ne88 During the year the Volunteer Centre worked in partnership with North Wales Police and Gwynedd Council to arrange a series of sessions to raise awareness about scams. Almost 100 people from local organisations and volunteers attended to hear about the challenges and how we can share important messages of good practice with the wider community. Naw Wale8 Volunteerlng webslte The new Volunteer Wales website was launched in 2023 with a fresh look to connect volunteering opportunities with volunteers across Wales. This is the main database of volunteering opportunities in the country. Dlsclosure and Barrlng Servlca (DBS) sesslon In October, an update workshop was held by the Disclosure and Barring Service for local volunteering organisalions. Following the COVID-19 lockdown there was an obvious need to be reminded of the process and arrangements for DBS checks especially for volunteers. We had a very interactive session to reinforce the procedures and when it is appropriate to c2rry out a check on volunteers. The session was also an opportunity for organizations to revisit their safeguarding policies and arrangements. In terms of figures 166 enquiries through Volunteering Wensite 98 volunteers registered through Volunteering Wales in Gwynedd Soclal Prescrlptlon Project Social Prescription enables GPS, nurses and other primary care professionals to refer individuals to a range of non-clinical services. Social Prescription also plays a key role in preventative work e.g promoting awareness of screening, falls prevention, and referring to and promotion of health awareness courses. Social Prescription seeks to address people's needs in a holistic way It supports individuals to take greater control of their own health and well-being. Social Prescribing schemes can involve a variety of activities which are typically provided by voluntary and community sector organisations. There are many different models of Social Prescribing but most involve a link worker or navigator who works with people to access local sources of support. Mantell Gwynedd is well placed as an umbrella organisation to undertake this work particularly given its vast database of opportunities and its connections with, and knowledge of, th ird sector providers. In addition to this, as it does not itself provide any front line services there is no vested interest or conftict as it refers to other organisations.
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS,) REPORT - continuad FOR THE YEAR ENDED 31 MARCH 2024 Objectlve8 and Actlvltles, Achlevement and Parformance - continued Mantell Gwynedd Projects durlng 2023-24 - contlnued Soclal Prescrlptlon Project - contlnued The Mantell Gwynedd project is currently funded by Betsi Cadwaladr University Health Board. Since the project started in 2016 there have been a total of 1,621 individuals who have been supported. During 2023-24 204 individuals have been supported. This is what one individual had to say about the support received through this project.. 'Huge thanks to the Social Prescribing Officer for the information and help. I feel as if l am coping far better now. I was amazed at how quickly things got b8tter for me after speaking to th8 Officer. Four organisations got in touch with me the same week to arrange visits and discuss support. Thank you for being patient with m8 and listening to my situation" Bulldlng Strong Brldges project I Well-belng The Building Strong Bridges project is funded through Betsi Cadwaladr University Health Board and enables Manlell Gwynedd to employ a full time Health and Well-being Facilitator. The facilitator post ensures there is a bridge betsveen the Health Board and third sector organisations who provide services within the health and well-being sector. The Facilitator Facilitates meetings and supports NeOrkS and Forums Raises awareness of opportunities to influen Ensures that there is a third sector perspective at partnership meetings and other events Holds a series of NeOrk events throughout the year During 2023-24 a series of Wellbeing and Volunteering Network meetings were held. These meetings are central to supporting third sector organisations e.g to attract funding and apply for grants for projects which, in turn, lessen dependence on statutory services,. they are a contact point for information sharing and updates as well as sharing good practice and a means to raise awareness of influencing opportunities, they are essential to ensure third sector organisations have a voice and enable organisations to promole their contribution to the health and wellbeing agenda at a county level and beyond. During 23-24 the main topics of discussion at neOrk meetings were Safeguarding (20.04.23) Interactive Speed Dating event115.06.23) Raising Voices ', raising awareness of long term conditions such as MS and epilepsy (26.07.23) lechyd Da event at Dolgellau (12 10.23) DBS Workshop124.11.23) Funding opportunities deriving from Shared Prosperity Funding to develop literacy119.12.23) Resilience - an introduction to Dfvr Cymru's Resilience project (06.03.24)
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS,) REPORT - Continued FOR THE YEAR ENDED 31 MARCH 2024 Objectlvos and Actlvltles, Achievement and Performance - continued Mantell Gwynedd Projects during 2023-24 - contlnued The Facilitator engaged with over 150 organisations during 23-24 During the year the Facilitator contributed to Betsi Cadwaladr University He2lth Board's North Wales pre conception strategy, collaborated with other Facilitators across North Wales to hold a regional wellbeing event which attracted over a hundred attendees, and ensured that the views of third sector organisations in Gwynedd were central to local, regional and national developments. Soclal Value Cymru Project The well-being of Future Generations {Walesl Act 2015 set solid foundations for the work of measuring social value by placing a responsibility on public, private and third sector bodies to work differently. To do this there was a need to work out which were the important areas that needed measuring and managing It is only by understanding the social value of activities that we can effectively get to grips with managing the way in which we create well-being. Today these principles have been further enhanced in the Social Partnership and Public Procurement (Wales) Act. The aim of this most recent legislation is to ensure we work together to improve ways in which we deliver public services and well- being in Wales. Measuring social value is central to all of this. Since 2016 Mantell Gwynedd has been at the forefront of developing and measuring social value. In 2019 Manlell Gwynedd achieved the national kite mark for embedding social value in all of its work. This was the first time an umbrella organisation achieved this kite mark. Later in 2020 Mantell Gwynedd won a national award from Social Value UK for ils partnership working which was aimed at maximising social value. In 2024 Mantell Gwynedd achieved the Level 2 kitemark from Social Value International. This latest kitemark demonstrates Mantell Gwynedd is consistently striving to maximise social value in all its work. The Social Value Cymru team at Mantell Gwynedd is able to offer a wide range of services with regards to measuring social value. This includes full SROI reports as well as specifically tailored training for organisations. During 2024 Mantell Gwynedd's Board made a decision to invest some of the company's reserves in this project. The result is that an additional member of staff has been appointed for years which means the team of four are better placed to bid for work. All of them are trained through Social Value International. One member of the team has International Trainer status and provides training world wide. "The study Into our work wlth Elerf and Mathew was an amazlng experlence. Our ambltlon Is to exhibit the results to help us attract more statutory funding so we can contlnue with aspects of our work in both Bro Ffestinlog and Penrhyndeudraeth" Gwydion ap Wynn, Y Dref Werdd Project Manager.
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS.) REPORT - continued FOR THE YEAR ENDED 31 MARCH 2024 Objectlve8 and Actlvltles, Achlovement and Performance - continued Mantell Gwynedd Projects durlng 2023-24 - contlnued Compa8slonate Cymru Project In 2018 the Welsh Government set out its aspirations for Wales to become the world's first "compassionate country" Since then, work has been ongoing to spread the compassionate approach throughout Wales. The vision of Compassionate Cymru Garedig is for Wales to become a considerate and caring nation which comes together to develop compassionate ways to support people's health and wellbeing Compassionale Cymru Garedig works with individuals, organisations and communities to help improve the ways in which people die, care and grieve in Wales. The aim of Compassionate Cymru Garedig is to help people collate and share information and offer care and support in a compassionate way within their communities. It concentrates specifically on end of life care and support, whatever point in life that may happen. Mantell Gwynedd is pleased to be a part of this unique development and in collaboration with Public Health Wales funding has been secured to employ a Compassionate Cymru Garedig Officer who is employed by Mantell Gwynedd and works across Gwynedd, Mon and Conwy. This is a year project lasting until 2025 and It is hope that a Caffi Colled will have been established in Arfon Dwyfor and Meirionnydd by then which will be sustainable beyond the lifespan of the project funding, A Directory of SeNiS will also be published. The Officer's main work is to.. Promote compassionate approaches Support local networks which promote compassion Map existing end of life care and grief services and create a Service Map with the aim of identifying gaps in services and working with communities to fill those gaps. In time it is hoped that this will ensure a comprehensive end of life care service within our communities. Support workplaces to adopt policies for individuals who have received a diagnosis of a condition which reduces life expectancy and also support individuals with death and grief. During 2022-23 a Directory of Services was compiled which contains details about services which offer end of life care and support which are available to children, young people and adults. During the year Caffi Colled was set up in Bethesda under the care of Chaplain Sara Roberts. This Caffi Colled now meets regularly throughout the year and offers invaluable support to individuals. Arrangements are UndeaY to set up a Caffi Colled in Pwllheli which will benefit the people of Pwllheli and Pen LIPn. Here's what some of the Caffi Colled participants had to say "I have taken advantage of the opportunity to soclallse wlth other indlvlduals who are In the same position as me. Having lost my husband durlng Covid It was incredibly hard to rejoin soclal events as a slngle indlvldual rather than a couple. The Caffi Colled Is not a sad place at all but it is an opportunity to share sad and happy mémories over a cuppa and a blscult and sometimes a tasty cake. It Is an opportunity to support others when needed"
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS'I REPORT- continued FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and Actlvltle8, Achievement and Performance - continued Mantell Gwynedd Projects durlng 2023-24 - contlnued Gafael Llaw I Wlrfoddoll project The Shared Prosperity Fund provided the UK with £2.6b of funding which comes to an end in March 2025. £24.4m was allocated for Gwynedd with £4.2m earmarked for improving adult numeracy skills. As part of the Resilient Communities project, which is funded by Shared Prosperity Fund, Mantell Gwynedd launched the Gafael Llaw i Wirfoddoli project. The Gafael Llaw i Wirfoddoli project has enbled Mantell Gwynedd to employ a full time officer to provide 1..1 support for individuals who have additional support needs but who are keen to volunteer. The Officer commenced his role in January 2024. The project works alongside a number of key agencies and organisations across Gwynedd so that new opportunities can be accessed for adults who wish to volunteer but who have additional support needs. The project has accepted referrals from mental health teams, Job Centres, Careers Wales, colleges and other local educational providers and also self referrals. As this Annual Report goes to print over fifty individuals have benefitted frorn the support of the Gafael Llaw i Wirfoddoli Officer and have progressed lo volunteering as a result of that support. This is the story of Evan, one of the individuals who has become a volunteer thanks to the support of the Gafael Llaw i Wirfoddoli Officer. Evan'8 Story Evan lives in Cwm y Glo and came to the Gwynedd Volunteer Centre with his parents to ask about volunteering opportunities. Evan had attended Pendalar school when younger because of severe autism. He is a very shy individual. After chatting with Evan il became apparent that he has a very keen interest in music and owns over 500 music albums. It was agreed that an opportunity would be sought at one of the town's charity shops in Caernarfon and contact was made with Sense charily shop on Pool St. Sense believes that everybody should be able to participate in events and day to day activities regardless of their disability or additional support needs, Evan was supported throughout the whole process and today Evan is responsible for the shop's entertainment collection, keeping the stock tidy and organising albums according to genres. The fun and newly found confidence which Evan has experienced has changed his life. Despite initially only volunteering on Monday mornings, Evan now volunteers three days a week. Eira, Evan's mother said "I've seen a huge difference in Evan. He's so much happier in himself. The officer at Mantell Gwynedd and the staff at Sense have been Evan's saviours. We are so very grateful for the support. This has meant that Evan now has a happy life '
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS,) REPORT - contlnued FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and Activities, Achievement and Performance - contlnued Mantell Gwynedd Projects durlng 2023-24 - continued Payroll Servlce provlded by Mantell Gwynedd Mantell Gwynedd has offered a third sector payroll service for many years. Financial matters, and particularly payroll matters, can be very complicated for small organisations who often depend on volunteers for their day to day running. The payroll service provided by Mantell Gwynedd offers reassuran to organisations that proper procedures and protocols are in place and also ensures there is somebody at the end of a telephone line to offer support and assistance when required. In recent years, especially with changes to pension requirements, the payroll service has been more important than ever to small organisations. This is what some of the organisations who benefit from our Payroll Service had to say Amguoddfa Forwrol Llgn The payroll service is essential to us at the Amgueddfa Forwrol LIPn and Manlell Gwynedd's service is first class Cylch Melthrln Trogarth. Without your help and guidance, I would not have been in a position to complete all the tasks needed. The role of Mantell Gwynedd in supporting volunteers like me must be invaluable to the communities you cover. Many thanks for your assistance Grants Admlnlstratlon Mantell Gwynedd has a long and very successful history of grants administration. As well as disseminating the Croeso Cynnes Grant (£20,000) and the Loneliness Grant (£20,000} during the year, Mantell Gwynedd was also successful in it's bid to administer Shared Prosperity Fund funding which was named Mantell Gwynedd Voluntary Sector Grant Fund and was worth £1,5m. A Voluntary Sector Grants Fund Officer was appointed in August 2023 and the Fund was opened for applications in September 2023. 88 applications were received to the value of £5.8m. 36 successful applicants were informed in November 2023 and were told that all funded work had to be completed by December 2024. The variety of organisations funded across Arfon, Dwyfor and Meirionnydd demonstrates how Mantell Gwynedd could reach every corner of the county geographically as well as reaching a wide variety of voluntary organisations. Detailed and specialised work is now progressing at Mantell Gwynedd to demonstrate the social value of some of these projects.
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS.) REPORT- contlnued FOR THE YEAR ENDED 31 MARCH 2024 Objectives and Actlvltle8, Achlevement and Performance - contlnued Mantell Gwynedd ProJects durlng 2023-24 - contlnued Neuadd Bentref Llanllyfnl sald "The wellbeing of childr8n at th8 Cylch M81thnn and our ability to provide a safg and wann environment is our priority as a Committee. However, raising funds to maintain the village hall and pay our bills is an ongoing challenge. Therefore tl7e solar panels provided by the Mantell Gwynedd grant will make a hug8 differ8nce to us and to ev8rybody who uses the village hall. Thank you Mantell Gwynedd for the support i" Heulwen Jones, Village Hall Chairperson. Flnanclal Revlew The charity has a surplus of £54,211 at the year end (2023.. deficit £45,274) prior to adjusting for the defined benefit pension plan.The reserves and defined benefit pension scheme are detailed in the notes to the accounts. Tho Charlty's Pollcy on Ro8erv88 Mantell Gwynedd recognises and accepts its responsibilities as a charity, and employer lo protect the financial viability and continuation of the organisation. In accordance with Charity Commission recommended good practice it is agreed that monies are allocated toward a reserve. The purpose of which is... To ensure cash flow (cover delays in revenue funding)., To cover any unforeseen circumstances., To provide the opportunity to attracvidentify alternative funding should existing funding be subject to cutbacks., To ensure that should funding cease, the organisation would be able to fulfil all of its financial and legal obligations when winding up The level of the reserve will be reviewed annually by the Board. Unless and until otherwise agreed the organisation will maintain a minimum reserve equivalent to iwo months running costs of the organisation, and endeavour to increase this amount to four months running costs. An analysis of the reserves and pension scheme is made in note 11 to the accounts. Plans for the future We will continue to deliver the requirements of the Third Sector Support Wales Partnership Agreement. Mantell Gwynedd is a member of Third Sector Support Wales, a network of support organisations for the third sector in Wales. Our shared goal is to enable the third sector and volunteers across Wales to contribute fully to individual and community well-being, now and for the future. Mantell Gwynedd will provide support under each of the four pillars of work - Good Governance, Volunteering, Sustainable Funding, and Engagement and influencing Covid-19 has provided a new focus in terms of partnership working and particularly cross sector working. We will continue with these collaborative approaches for the benefit of the people of Gwynedd. The partnership working between Cyngor Gwynedd and ourselves during 23-24 around the Shared Prosperity Fund resulted in the creation of the Voluntary Sector Fund administered by Mantell Gwynedd and worth £1.5m to the sector. This evidence of how the sector benefits when partners work constructively together. We will continue with partnership approaches for the benefit of the sector. 10
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS.) REPORT - continued FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and Activities, Achievemant and Performance - continuod Plans for the future- continued Through our Social Value Cymru project we will continue to encourage and support the sector to measure its social value. Through this work we are able to demonstrate how the third sector can help unlock the potential of the Well-being of Future Generations (Wales) Act 2015. In addition to the 2015 legislation The Social Partnership and Public Procurement Act (Wales) puts responsibility on public bodies to make sure that spending on goods, works and services is done in a way that benefits everyone not just focus on costs. It sets up the Social Partnership Council and will ensure that procurement in Wales involves social responsibility. This is a significant step as we consider how Social Value Cymru develops. In line with this, Mantell Gwynedd's Board invested further funding into this area ofwork during 2024 which has seen the expansion ofthe Social Value Cymru team. We will continue to emphasise the importance of measuring social value within the sector. We will endeavour to expand on our Social Prescription work to ensure that third sector organisations are provided with the opportunity to deliver support to individuals with non-clinical needs. By doing so we hope that third sector organisations are able lo contribute fully to the well- being agenda, thus fulfilling the aspirations of The Social Services and Well-being (Wales) Act 2014 which places the third sector at the heart of the design and delivery of services. We will continue to measure the social value of this work so that we are well placed with sufficient evidence as we proceed to look for funding to continue with the project. We will continue to source funding to expand the current project We will look at practical ways of supporting the third sector to comply with the legislative requirements of The Welsh Language (Wales} Measure 2011. We will lake every opportunity to support and promote the Welsh language within the third sector and will continue to build on Mantell Gwynedd's good work in this area. We will work with others to tackle the challenges of climate change and to promote good practice within the sector. As we face huge economic challenges we will work with partners to help tackle the cost of living crisis Publlc Beneflt Statement The Management Committee has considered the Charity Commission guidance regarding Public Benefit and are satisfied that the Charity's activities during the year, as described in this report, satisfy the test. Investment policy and objectlves Under the Memorandum and Articles of Association, the charity has the power to make any investment that the trustees judge to be appropriate, in the interests of the organisation and adequate to meet its obligations for the foreseeable future.
MANTELL GWYNEDD CYF. TRUSTEES, (DIRECTORS.) REPORT- continuod FOR THE YEAR ENDED 31 MARCH 2024 Trustees Responsibilities The Trustees (who are also Directors of Mantell Gwynedd Cyf. for the purposes of company law) are responsible for preparing the Trustees, Report (incorporating the directors, report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (UK Generally Accepted Accounting Practice). 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 charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 (FRS 102)., make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriat8 to presume that the charitable company will continue in business. The Trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware',- there is no relevant audit information of which the Gharitable company's auditors are unaware, and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. The Trustees are responsible for the Maintenan and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Thi eportwas a roved by the board on 11 / 14 li and signed on its behalf by Bethan Russell Williams (Secretary) 12
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MANTELL GWYNEDD CYF. FOR THE YEAR ENDED 31 MARCH 2024 Opinlon We have audited the Financial Statements of Mantell Gwynedd Cyf. (Limited by Guarantee) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the cash flow statement and the notes to the Financial Statements including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Acccounting Practice). In our opinion the Financial Statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordanc8 With the requirements of the Companies Act 2006. Basls for Oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the Financial Statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the Financial Statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the Financial Statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees, with respect to going concern are described in the relevant sections of this report. 13
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MANTELL GWYNEDD CYF. - continued FOR THE YEAR ENDED 31 MARCH 2024 Other Information The Trustees are responsible for the other information. The other information comprises the information included in the annual report, including the Trustees Report other than the Financial Statements and our auditor's report thereon. Our opinion on the Financial Staternents does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Financial Statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Financial Statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit'.- the information given in the Trustees, Report (incorporating the Directors, Report) for the financial year for which the Financial Statements are prepared is consistent with the Financial Statements., and the Trustees, Report (incorporating the Directors, Report) have been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion'.- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us., the Financial Statements are not in agreement with the accounting records and returns,. certain disclosures of Trustees, remuneration specified by law are not made., or we have not obtained all the information and explanations necessary for the purpose of our audit., the Trustees were not entitled to prepare the Financial Statements in accordance with the small companies, regime and take advantage of the small companies, exemption in preparing the trustees report and from the requirement to prepare a strategic report. Responsibllltles of Trustees As explained more fully in the Trustees, Responsibilities Statement (set out on page 12), the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error. 14
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MANTELL GWYNEDD CYF. - continued FOR THE YEAR ENDED 31 MARCH 2024 Responslbllltles of Trustees - contlnued In preparing the Financial Statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Audltor's re8pon8lbllltles for the audlt of the Flnanclal Statements Our objectives are to obtsin reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements Irregularities including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to whlch our procedures are capable of detectlng Irregularltles Includlng fraud Is detailed below: Our a roach to identi in and assessin irre ularities includin the risks of material misstatement in res ect of fraud and non-com liance with laws and re ulations was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations,. we identified the laws and regulations applicable to the company through discussions with trustees and other management, and from our commercial knowledge and experience of the charity and sector., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susce of the com an includin obtainin 's financial statements to material misstatement an understandin of how fraud mi ht occur b making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud., and 15
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF MANTELL GWYNEDD CYF. - continued FOR THE YEAR ENDED 31 MARCH 2024 Procedures - contlnued considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud throu h mana ement bias and override of controls we.. performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries to identify unusual transactions. assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias., and investigated the rationale behind significant or unusual transactions. In res onse to the risk of irre ularities and non-com liance with laws and re rocedures which included but were not limited to., ulations we desi ned agreeing financial statement disclosures to underlying supporting documentation., • reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and claims., and reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors, as considered necessary. There are inherent limitations in our audit procedures described above, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry ofthe trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at '. Iwww.frc.org.uklauditorslaudit-assurancelauditors-responsibilities]. This description forms part of our Auditor's Report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charity's members those matters we are required to state to them in an Auditorfs Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. /., Rhys Harrls Senlor Statutory Auditor For and on behalf of: EMYR MORTIMER ARCHWILWYR CYF. CHARTERED ACCOUNTANTS STATUTORY AUDITOR 32 Y MAES CAERNARFON 16
MANTELL GWYNEDD CYF. STATEMENT OF FINANCIAL ACTIVITIES (INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted RestrlGted Funds Funds Total 2024 Total 2023 Income and endowments from Donations and legacles Voluntary income 262713 262713 246584 Charitable actlvltles Supporting the Third Sector 91678 914248 1005926 354671 Bank interest 12978 12978 2238 Total Income 367369 914248 1281617 603493 Expenditure on: Charitable activities Supporting the Third Sector 300863 926543 1227406 648767 Total expendlture 300863 926543 1227406 648767 Net InGome before other recognised gains and loss Net transfers beveen funds 66506 (2326) (12295) 2326 54211 (45274) 64180 (9969) 54211 (45274) Other recognised galnsllosses Actuarial gainsl(losses) on defined benefit pension scheme 243000 243000 841000 Net movement in funds 307180 (9969) 297211 795726 Total funds brought fonNard 1761297 45273 1806570 1010844 Total funds carrled forward 11 2068477 35304 2103781 1806570 No separate income and expenditure account has been prepared. The company's Directors wish to bring attention to the fact that the pension fund has affected the final financial figures. They are keen to note that Gwynedd Pension Fund's state of affairs is outside the company's control. The notes on pages 20 to 31 form an integral part of these accounts. 17
MANTELL GWYNEDD CYF. STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible Assets used for charitable purposes 119507 123904 CURRENT ASSETS Debtors Cash at bank and in hand 28752 676079 16861 673567 TOTAL CURRENT ASSETS 704831 690428 CREDITORS.. Amounts falling due within one year 7 NET CURRENT ASSETS (22557) (19952) 682274 670476 Total assets less current liabilities 801781 793570 Defined benefit pension scheme asseV(liability) NET ASSETS INCLUDING PENSION ASSETI LIABILITY 1302000 1013000 2103781 1806570 RESERVES Unrestricted Funds General Reserves Designated Funds Pension Fund Restricted Funds 703518 62959 1302000 35304 685338 62959 1013000 45273 TOTAL FUNDS 2103781 1806570 The accounts were approved by the Board on i 31 , 14£ and signed on its behalf by'.- Trystan Pritchard (Director) Reglstration Number.. 3420271 The notes on pages 20 to 31 form an integral part of these accounts. 18
MANTELL GWYNEDD CYF CASH FLOW STATEMENT FOR THE YEAR ENDING 31 MARCH 2024 2024 2023 Cash flows from operating activities (SOFA) 297211 795726 Adjusted for: Depreciation Interest received 3587 (12978) 4366 (2238) 287820 797854 Changes in.. Trade and other debtors Trade and other creditors Defined benefit pension scheme (11891) 2605 (289000) 70470 (4461) (823000) Cash flows from operating activities (10466) 40863 Cash flows from Investing activities Expenditure on fixed assets Interest received (11460) 2238 12978 Net cash flows from activltles in the year 2512 31641 Changes in cash and that equivalent to cash At the beginning of the year 2512 673567 31641 641926 At the end of the year 676079 673567 The notes of pages 20 to 31 form an integral part of these accounts. 19
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting Pollcie8 Genoral Informatlon The charity is a private limited company without share capital, registered in Wales and a registered charity in Wales. The address of the registered office is 25 Y Bont Bridd, Caernarfon, Gwynedd. The charity meets the defin ition of a public benefit entity. Bas18 of Preparationlstatement of Compllance These financial statements have been prepared under the historical cost convention and in accordance with FRS102 'The Financial Reporting Standard" applicable in the UK and Republic of Ireland, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with FRS102 (Charities SORP) and the Companies Act 2006. The accounts have been prepared in sterling which is the functional currency of the charity. Golng concern The trustees consider that there is no uncertainty as to whetherthe charity can continue in business. Judgements and prlnclpal uncertalnty regardlng 88tlmata8 In preparing the financial reports, it is necessary to make judgements, estimates and decisions which affect the figures reported. These estimates and judgments are regularly reviewed and are based on experience and other factors including expectations of events in the future which are believed to be reasonable under the circumstances. Dopreclatlonllmpalrmont revlew Fixed assets are stated in the accounts at cost (where the cost exceeds £1000) and are depreciated over their economic useful lives at the following rates'.- Land & Buildings Equipment Computer Equipment 10/0 per year 250/0 to 33 % per year A review is made annually to identify indicators of impairment, Should the carrying value exceed the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals ann ually. Accountlng for the fund8 The unrestricted funds are available for use at the Trustees, discretion in order to promote the company's aims. The designated funds are unrestricted funds which have been earmarked by the Trustees for specific purpose in the future. Restricted funds represent income towards a specific project where the donor specifies how the income can be spent. Income All income is included in the statement of financial activities when entitlement has passed to the charity, there is sufficient certainty thal receipt is probable, the amount can be reliably measured, and any conditions attached have been met or are fully within the control of the charity. 20
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting Policies continued Income - continuad The main source of income are grants and contracts from various sources. Income with restrictions imposed are allocated to a restricted fund and matched with the expenditure. Income has been split belween the different incoming resources. The core funding is shown as voluntary income All other income is shown as income from Charitable Activities, which mainly represents conlracts with various funders and services offered as part of the activities of the charity to further its, charitable aims, in accordance with the SORP, as listed in note 2. Income is only deferred when it is received in advance. Under certain contracts the company is allowed to recharge certain overhead costs to the restricted fund and an agencyladministration fee are included in income as unrestricted and the equivalent costs are included in the restricted fund. These are not netted off in the Statement of Financial Activities due to the nature of the contract. The total for 2024 was £23,70912023'. £32,239). Welsh Government grants were received from the WCVA and local government as detailed in note Costs All expenditure is included in the Statement of Financial Activities in accordance with the accruals concept, where there is a legal obligation commilting the charity to the expenditure. The expenditure includes VAT as it cannot be recovered. Costs have been categorised in accordance with the guidance given in the Charities SORP where all the expenditure directly related to the aims of the charity are shown as costs of "charitable activities" Governance costs include those incurred in relation to the constitutional and statutory requirements. Support costs are included within the charitable activities as analysed in the SOFA. Support Cost8 The general running costs of the charity are detailed in the SOFA and notes to the accounts. Since there is only one charitable activity and no tradinglfund raising activities it is not considered necessary to further allocate support costs. Grants Scheme8 The company operates grant schemes and the relevant details are shown in note 2. Penslon Scheme8 The company is a member of the Gwynedd Council pension scheme which is a defined benefit statutory scheme. The fund is governed by the Local Government Pension Scheme Regulations 1997. The amounts charged to operating profit are the current service costs and gains and losses on settlements and curtailments where applicable. They are included as part of staff costs. Past service costs are recognised immediately in the Statement of Financial Aclivities if the benefits have vested. If the benefits have not vested immediately, the costs are recognised over the period until vesting occurs. The interest costs and the expected return on assets are shown as a net amount of other finance costs or credits adjacent to other finance costs. Actuarial gains and losses are recognised immediately in the statement of total recognised gains and losses. 21
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 1. Accountlng Policles - contlnued P6n8ion Scheme8 - Contlnued The scheme is funded with the assets ofthe scheme held separately from those of the company, in separate trustee administered funds. The pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent currency and term to the scheme liabilities. The actuarial valuations are obtained at least triennially and are updated at each Balance Sheet date. The resulting defined benefit asset is presented separately after other net assets on the face of the Balance Sheet. The company has started a new pension scheme for any new staff with The Pension Trust, where the employer pays a contribution of 100/0. This is a defined contribution scheme where contributions are allocated in accordance with the role of the staff concerned. Operatlng Lea888 Operating leases are charged to the Statement of Financial Activities as incurred. Debtors Debtors are recognised at the settlement amount due after any discount offered Cash at bank and In hand Cash at bank and in hand includes cash and short term liquid investments where the known amount is at low risk of change. Crodltor8 and provlslons Creditors and provisions are recognised at the settlement amount after allowing for any discount. Flnanclal Instruments A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financial transaction, where is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 2. Statement of Flnanclal Activitles The surplus12023'. deficit) for the year is stated after charging the following'.- 2024 2023 Depreciation Auditors Fees., Audit Trustees, Fees & pension 3587 5000 4366 4750 22
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 2. Statement of Financlal Activitles - contlnued Total 2024 Total 2023 Unrestrlcted Restrlcted Income - Voluntary Income WCVA - Core funding 262713 262713 246584 262713 262713 246584 Income - Charltable Actlvltles Building Stronger Bridges WCVA - Gwirvol Gwynedd - Seniice level agreement Agency fee Administration fee Other income - Services & courses Eisteddfod Genedlaethol Llyn ac Eifionydd SROI income Social Prescription CCGIAdra - Developing Maesgeirchen Croeso Cynnes Grant Green & Community Transport Grant Gwynedd Council - Loneliness & Isolation Fund Public Health Wales- Compassionate Cymru Wales Shared Prosperity Grants Gwynedd Council Gafael Llaw 44557 6650 44557 6650 39663 6650 8880 7650 16059 16018 8880 7650 16059 16018 9300 43071 60900 8880 8650 23589 22983 9300 43071 49465 60000 25186 50000 11878 22727 60900 45454 45454 25000 735387 12000 735387 12000 91678 914248 1005926 354671 Expendlture - Charltable actlvltles Wages & travel Advertising & promotion Staff training & recruitment Office running costs Administration fee Services & courses Premises costs Bank charges Net finance costs Depreciation Grant payments Mobile Unit costs Project running costs Appraisal costs Bad debts Support Costs (Governance) Audit & accountancy Professional fees Trustees, travelling expenses 271176 4632 674 19660 131827 13994 511 1349 15584 318 1605 403003 18626 1185 21009 15584 3856 38752 801 (46406) 3587 753672 425577 6249 2242 15765 21407 5916 70927 278 (3766) 4366 81200 91 8650 1275 867 3538 37147 801 (46406) 3587 753672 7650 7650 6000 6000 5700 2023 33 87 300863 926543 1227406 648767 23
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 2. Statement of Financlal Actlvities - continued 2024 Grant Payments - Institutions 2023 WCVA Youth led grant scheme - 2 (2023'.7) Loneliness & Social Isolation Fund - 26 (2023.. 13) Croeso Cynnes Grant - (2023.. 19) Green & Community Transport Grant- (2023.. 12) Shared Prosperity Fund -36 (2023'.0) 5000 40000 5322 20000 45000 10878 708672 753672 81200 Recipient details and further information and analysis is provided in the Annual Report available at ww.mantell nedd.com In accordance with the accounting policy detailed, certain overhead (support) costs are recharged and administrationlagency income is shown in the SOFA . The current year charge totalled £6,654 (2023: £9,977) 3. Staff 2024 2023 Average number of employees for the year'.- Supporting the Third Sector 13 14 2024 2023 Wages National Insurance Pension 8enefit- 3 members of staff (2023.. 3) Pension Contribution - 10 members of staff (2023.. 9) 322370 24935 28594 19754 324225 24476 29234 19756 395653 397691 No employees earned £60,000 or more during the year (2023.. none). There were no redundancy payments during the year. A total of £84,019 (2023: £80,334) was paid to the management team in accordance with local government pay scales. Salaries are allocated according to the role of employee in the Statement of Financial Activities. 4. Corporation Tax The charity is exempt from tax on income and gains to the extent that these are applied to its charitable objects. 24
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 5. Fixed Assets Freehold Mobile Property Unit (Dolgellau) MESMAC Equlpment Computer Equipment Total Cost At 1.4.23 Additions 125000 23691 408 47757 31177 228033 As at 31.3.24 125000 23691 408 47757 31177 228033 Depreclation At 1.4.23 For the year 11250 1250 22988 176 408 39122 2159 31171 104939 3587 At 31.3.24 12500 23164 408 41281 31173 108526 Net Book Value At 31.3.24 112500 527 6476 119507 At 31.3.23 113750 703 8635 123094 The assets are used for charitable purposes. 6. Debtors - amounts falling due within one year 2024 2023 Trade debtors Prepayments 22752 6000 16861 28752 16861 7. Creditors - amounts falling due within one year 2024 2023 Trade creditors Other taxes and Social Security costs Accruals & deferred income Pension creditor 4000 7908 5000 5649 2721 6733 5000 5498 22557 19952 8. Related Party Transactions The Company is managed by the Board as listed on page 2. Travel expenses totalling £87 were paid to two Board members this year (2023.. £nil). No fees or remuneration was paid to Board members (2023: £ nil). 25
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS- Gontinued FOR THE YEAR ENDED 31 MARCH 2024 8. Rolated Party Transactlons- contlnued The chief executive was appointed an independent board member of Betsi Cadwaladr University Health Board, representing the third sector, until her resignation at the end of February 2019. The Health Board provided funding for the Building Stronger BridgeslHealth and Wellbeing Facilitator and Social Prescription projects during the year12023'. 21. 9. Gwynedd Councll Penslon Scheme The company is a member of the Gwynedd Council Pension scheme which is a defined benefit statutory scheme. The fund is governed by the Local Government Pension Scheme Regulations 1997. The last triennial independent actuarial valuation was performed as at 31 March 2022, however a detailed valuation is performed at each year end in accordance with FRS102. The pension costs for the period are detailed below. Hymans Robertson prepared a report for the preparation of these accounts'.- Movemant In the Defined Beneflt Scheme A88et8, Obllgatlons and Surplus A88et8 £000 Obllgatlon8 £000 Surplus £000 Blhvd 1.4,23 2840 1827 1013 Charged to the statement of flnanclal actlvltles Current service cost Interest income on plan assets Interest cost of defined benefit obligation 29 134 134 115 19 Cash flow Participants contributions Employer contributions Benefits paid 27 189) 27 (891 2919 1860 1059 Remeasurements Changes in financial assumptions Changes in demographic assumptions Other experiences Return on assets excluding amounts included in net interest (106) (10) 54 181 181 (62) 243 Cld 31.3.24 3100 1798 1302 26
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 9. Gwynedd Council Pension Scheme - contlnued Falr Value of Employer Assets 31 March 2024 £OOO's 1953 217 682 248 31 March 2023 £OOO's 1903 511 426 Equities Property Cash Bonds 3100 2840 Net Penslon Assets 31 March 2024 £OOO's 3100 31 March 2023 £OOO's 2840 Scheme Assets Present Value of Scheme Liabilities (1798) (1827) Net Pension Surplusl(Deficit) 1302 1013 31 March 2024 31 March 2023 Movement In surplusldeflclt durlng the year;. Surplus blf Current serdice cost Employer contribution Net return on assets Actuarial gainsl(losses) 1013000 (29000) 28594 46406 243000 190000 (51000) 29234 3766 841000 Surplus clf 1302000 1013000 The estimated contributions for the year to 31 March 2025 are £29,000 (2023. £30,000). The rate of return on plan assets was 11. 2 % in the year to 31 March 2024 (2023.. 1.5 % ) , with the employer assets representing less than 1 % of the fund. 31 March 2024 (0/0 per annum) 31 March 2023 (0/0 per annum) Assumptlons Pension increase rate Salary increase rate Discount rate 2.75 3.25 4.85 2.95 3.45 4.75 Sensltlvlty analysls- change in assumptions Approx 0/0 increase Approx £000 0.1 % decrease in the Real Discount Rate Life expectancy increase of 1 year 0.1 % increase in the Salary Increase Rate 0.10/0 increase in the Pension Increase Rate 34 72 2,/0 32 27
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 10. Statement of Net Assets between Funds As at 31.3.24 Unrestrlcted Restrlcted Funds Funds Total Fixed Assets Current Assets Creditors 119507 1971527 (22557) 119507 35304 2006831 (22557) 2068477 35304 2103781 As at 31.3.23 Unrestrlcted Restrlcted Funds Funds Total Fixed Assets Current Assets Creditors 123094 1658155 (19952) 123094 45273 1703428 (19952) 1761297 45273 1806570 28
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. Statement of Reserves for the year ended 31 March 2024 Restrlcted Funds BalanGe at 1.4.23 Transfers Balance at 31.3.24 Income Expenses 1. Grant Schemes - various 2736 2. Building Stronger Bridges 3599 3. Volunteering Centrel Gwirvol 2002 4. Mobile Unit 4687 5. Social Prescription 3492 6. Developing MaesgeirGhen 1459 7 Compassionate Cymru 27613 8 Voluntary Sector Fund (315) 735387 9. Gafael Llaw 12000 10. Eisteddfod Llyn ac Eifionydd 9300 52104 44557 (52104) (43872) 2736 4284 2002 4687 3547 60900 (60845) (711) (10801) (735072) (10764) (12374) (748) 16812 1236 3074 45273 914248 (926543) 2326 35304 Balance at 1.4.23 Income Actuarlal Balance Galn at 31.3.24 Expenses Transfers Unrestricted Funds 1.General Funds 2.Designated Funds... Staff costs Contributions towards 2018119 and future costs 33318 Employing officer for 6 months Employing SROI staff for 12 months 3. Pension fund (note 9) 685338 367369 (346863) (2326) 703518 2592 2592 33318 5674 5674 21375 1013000 21375 243000 1302000 46000 1761297 367369 (300863) (2326) 243000 2068477 The company's Directors wish to draw attention to the fact that the pension fund has affected the final results. As detailed in note 9) Gwynedd Council Pension Scheme, it is a defined benefit scheme where the valuation is updated annually in accordance with FRS 102. The 31.3.21 valuation assessed the scheme liabilities lo be in excess of the scheme assets and as a result the plan had a deficit of £197.000, creating a defined benefit liability in the Statement of Financial Position as at the year end. The fund has been in surplus al each subsequent year end. On 31.3.24 the valuation shows that the plan assets are in excess of the plan liabilities, consequently creating a plan surplus of £1,302,000 in the current Statement of Financial Position (also 31.3.23 £1,013,000). The last full triennial valuation look place as al 31.3.22 with 2019 being the previous full valuation. In accordance with FRS 102 the plan asset has been recognised as it is possible to realise the amount via either reduced contributions in the future andlor refund. Both Gwynedd Council and Hymans Robertson confirmed that the plan terms and conditions allow this. The scheme is outside the control of the Directors and the results can vary considerably year on year. 29
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. Statement of Reserves for the year ended 31 March 2023 Restrlcted Funds Balance at 1.4.22 Transfers Balance at 31.3.23 Income Expenses 1. Grant Schemes- various 3058 2. Building Stronger Bridges 5481 3. Volunteering Centrel Gwirvol 2002 4. Mobile Unit 4778 5. Social Prescription 3492 6. Developing Maesgeirchen 1477 7. Compassionate Cymru 24685 8 Voluntary Sector Fund 91255 39663 (91577) (41545) 2736 3599 2002 4687 3492 1459 27613 (315) (91) (60000) (25204) (22072) (315) 60000 25186 25000 44973 241104 (240804) 45273 Balance at 1.4.22 Transfers Actuarial Balance Gain at 31.3.23 Income Expenses Unrestricted Funds 1.General Funds 2. Designated Funds.'_ Staff costs Professional fees Contributions towards 2018119 and future costs 33318 Employing officer for 6 months Renewing IT equipment Employing SROI staff for 12 months Dolgellau repairs 675287 362389 (389963) 37625 685338 2592 3000 2592 (3000) 33318 5674 10000 5674 (10000) 32000 14000 (10625) (14000) 21375 3. Pension fund (note 9) 190000 (18000) 841000 1013000 965871 362389 (407963) 841000 1761297 The company's Directors wish lo draw attention lo the fact that the pension fund has affected the final results. As detailed in note 9) Gwynedd Council Pension Scheme, il is a defined benefit scheme where the valuation is updated annually in accordance with FRS 102. The 31.3.21 valuation assessed the scheme liabilities to be in excess of the scheme assets and as a result the plan had a deficit of £197.000, creating a defined benefit liability in the Statement of Financial Position as at the year end. The fund has been in surplus at each subsequent year end. On 31.3.23 the valuation shows that the plan assets are in excess of the plan liabilities, Gonsequently creating a plan surplus of £1.013,000 in the current Statement of Financial Posilion (also 31.3.22 £190.000}. The last full triennial valuation took place as at 31.3.22 with 2019 being the previous full valuation. In accordance with FRS 102 the plan asset has been recognised as it is possible to realise the amount via either reduced contributions in the future andlor a refund. Both Gwynedd Council and Hymans Robertson confirmed that the plan terms and conditions allow this. The scheme is outside the control of the Directors and the results can vary considerably year on year. 30
MANTELL GWYNEDD CYF. NOTES TO THE ACCOUNTS- continued FOR THE YEAR ENDED 31 MARCH 2024 11. Statement of Reserves for the year ended 31 March 2024 - continued The restricted funds represent income towards a speGifiG project where the donor specifies how the income can be spent'.- 1. Various grant schemes for the community. 2. Building Stronger Bridges - Health Facilitator. 3. Core funding of the Volunteer Centre and volunteering amongst Young People in Gwynedd project. 4. Mobile Unit for taking information out to the communities within Gwynedd and beyond. 5. Social Prescription pilot scheme in Arfon 6. Project to develop the community of Maesgeirchen. 7. Compassionate Cymru project Voluntary Sector Fund shared prosperity fund grants supporting individuals with special needs. 9. Gafael Llaw i Wirfoddoli- supporting individuals with additional needs 10. Eisteddfod Llyn ac Eifionydd - raising volunteer awareness. The unrestricted fund represents the funding from various external funders to further the objects of the charity. The designated funds have been decided by the Trustees to cover future costs as follows'.- redundancy and sickness staff costs., contribution towards general running costs in 2018119 and the future. contribution towards employing an individual for 6 months during 2015116 with the balance being carried forward. contribution towards employing SROI staff for 12 months. 12. Financlal Commitments At 31 March, 2024 the company had cumulative operating lease commitments on land and buildings and equipment expiring:" Land and Equipment Buildings 2024 Land and Equipment Buildings 2023 2024 2023 Within one year Between two and five years After five years 24000 54000 4743 5547 24000 78000 4743 4862 78000 10290 102000 9605 31