2023-03-31-accounts - Tyddyn Mon

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			Page
Report ofthe Trustees		1	to	12
Report ofthe Independent	Auditors	13	to	15
Consolidated Statement ofFinancial Activities			16
Group Consolidated Balance Sheet			17
Charitable Company Balance Sheet			18
Consolidated Cash Flow	Statement		19
Notes to the Consolidated	Cash Flow Statement		20
Notes to the Consolidated	Financial Statements	21	to	32

Redundancy payment contingency	Redundancy payment contingency	247,829
External farm improvements		100,000
Fund for unforeseen financial	settlements	142,000
Replacement vehicles		10,000
General technology and phone upgrades Satellite internet installafion across farm site		6,000 ~6000
		511,829

							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies				3,490		3,490	249
Charitable	activities
Supported	Housing &	Work Experience			2,301,924		2,301,924	2,073,327
Other trading activities Investment income				3 4	123,373 ~4935		123,373 4 935	71,963 118
Total					2 433722		2,433,722	2,145,657
EXPENDITURE ON
Raising funds				6	72,945		72,945	41,188
Charitable	activities			7
Supported	Housing &	Work Experience			2236070	1143	2230021	1988527
Total					~2309823	1,143	2,310,966	2,029,715
Net unrealised gains on investment			property					~200 000
NET INCOME/(EXPENDITURE)					123,899	(1,143)	122,756	315,942
RECONCILIATION		OF FUNDS
Total funds	brought forward				2,539,907	3,395	2,543,302	2,227,360
TOTAL FUNDS CARRIED FORWARD					2,663006	2 252	2666 1150	2,543.302

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f
FIXEDASSETS
Tangible assets	13	538,999		53$,999	55$,508
Investment pmperty	14	~500 000		500,000	500,000
		1,038,999		1,038,999	1,058,508
CURRENT ASSETS
Stocks	15	1,350		1,350	995
Debtors	16	417,003		417,003	227,781
Cash at bank		I 420 II37	2 252	I 430289	1 424 885
		1,846,390	2,252	1,848,642	1,653,661
CREDITORS
Amounts falling due within one year	17	(200,704)		(200,704)	(147,724)
NET CURRENT ASSETS		~1645686	2,252	1647930	7,505937
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,684,685	2,252	2,686,937	2,564,445
PROVISIONS FORLIABILITIES	18	(20,879)		(20,$79)	(21,143)
NET ASSETS		~2663 806	2.202	2.666008	2.543,302
FUNDS	19
Unrestricted funds				2,663,806	2,539,907
Restricted funds				2,252	3,395
TOTAL FUNDS				2,666,058	2,543,302

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f
FIXEDASSETS
Tangible assets	13	516,449		516,449	530,683
Investments
Investments	14	I		I	1
Investment property	14	~500000		500,000	500,000
		1,016,450		1,016,450	1,030,684
CURRENT ASSETS
Stocks	15	1450		1,250	898
Debtors	16	419,629		419,629	242,997
Cash atbank		~1,413231	2 252	~1415483	1 408 672
		1,$34,110	2,252	1,836,362	1,652,567
CREDITORS
Amounts falling due within one year	17	(169,762)		(169,762)	(124,678)
NET CURRENT ASSETS		~1664 48	2252	1666600	1527,889
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,680,798	2,252	2,683,050	2,558,573
PROVISIONS FORLIABILITIES	18	(20,000)		(20,000)	(20,000)
NET ASSETS		~2,660798	2,252	2,663,050	2,538,573
FUNDS	19
Unrestricted funds				2,660,79$	2,535,178
Restricted funds				2,252	3,395
TOTAL FUNDS				2,663,0511	2,538,573

			2023	2023	2022
		Notes	K
Cash flows from operating	activities
Cash generated from operations			10,002		41,312
Net cash provided by operating activities			10	DD2	41 312
Cash flows from investing	activities
Purchase oftangible fixed assets			(9,699)
Sale oftangible fixed assets				165
Interest received			4	936	118
Net cash (used in)/provided	by investing	activities	4	598	118
Change in cash and cash equivalents		in
the reporting period			5,404		41,430
Cash and cash equivalents	at the
beginning ofthe reporting	period		~1424	885	1 383455
Cash and cash equivalents	at tbe end	of
the reporting period			1430	209	1424 885

RECONCILIATION	RECONCILIATION	OF NET INCOME TONET CASH FLOW FROM	OF NET INCOME TONET CASH FLOW FROM	OPERATING
ACTIVITIES
				2023	2022
					f.
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				122,756	315,942
Adjustments for:
Depreciation charges				28,723	29,955
Losses on investments					(200,000)
Loss on disposal of	fixed assets			320
Interest received				(4,936)	(118)
Increase/ (Decrease)	in	deferred	tax	(264)	(358)
(Increase)/decrease	in stocks			(355)	80
Increase in debtors				(189,222)	(118,220)
Increase in creditors				52,980	14,031
Net cash provided	by	operations		~10002	41,312
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.4.22	Cash flow	At31.3.23
Net cash
Cash at bank			1 424 005	5404	1430289
			1 424 005	5404	1430289
Total			~1424885	5,404	1,430,2$9

DONATIONS	AND LEGACIES
		2023f	2022 6
Donations		3,490	249
OTHER TRADING ACTIVITIES
		2023	2022
Trading subsidiary	activities	123,373	71,963

							2023f	2022
Deposit account interest							~4936	118
INCOME FROM	CHARITABLE ACTIVITIES
			Activity				2023f	2022
Ynys Mon CC			Supported	Housing	dt	Work Experience	1,712,777	1,529,214
Residents - DSS			Supported	Housing	ttt	Work Experience	459,039	439,825
Residents - Own			Supported	Housing	th	Work Experience	6,891	6,850
Farm produce dt Subsidies			Supported	Housing	ds	Work Experience	645	361
Grants			Supported	Housing	ds	Work Experience	99,190	76,066
Sundry receipts			Supported	Housing	ds	Work Experience	5364	4,032
Out ofcounty day provision			Supported	Housing	ds	Work Experience	18,018	16979
							2 01,924	2,073,327
Grants received, included		in the above, are		as follows:
							2023	2022
								f
ICFLD Grant							537
Social Care Financial Recognition Scheme				(YMCC)			80,687	41,100
Covid grants (YMCC)								6,227
Kickstart (DWP)							11,974	28,739
Ynys Mon County	Council						5,992
							99,190	76,066
RAISING FUNDS
Other trading activities
							2023	2022
								f.
Trading subsidiary	costs						72,945	41,188

						Support
					Direct	costs (see
					Costs f	note 8)	Totals
	Supported	Housing &Work Experience			~2108778	129244	~2238 022
8.	SUPPORT COSTS
						Governance
					Management	costs	Totals
	Supported	Housing &Work Experience			118,910	~10 334	129,244
9.	NET INCOME/(EKPENDITURE)
	Net income/(expenditure)		is stated	after charging/(crediting);
						2023	2022
	Auditors'	remuneration				5,880	5,420
	Auditors'	remuneration	for non audit work			10,512	9,788
	Depreciation - owned assets					28,723	29,955
	Other operating leases					45,588	44,214
	Deficit on disposal offixed assets					320
10.	TRUSTEES' REMUNERATION			AND BENEFITS
						2023	2022
	Trustees'	salaries				55,731	60,358
	Trustees'	social security				5,488	5,888
	Trustees'	pensions paid				1,298	1,436
						62,517	67,682

		31.3.23	31.3.22
Wages	and salaries	1,384,933	1,233,569
Social	security costs	1189025	91,808
Other	pension costs	29461	25 191
		1,532419	1359.575

The avera	ge monthly number ofemployees during the	year was as follows:
		2023	2022
Chief Executive Officer		1	1
Housing	Manager	1	1
Administration		2	2
Charitable	activities	60	54
		64	58

p py contributions for 64(2022 - 58)staff members .	p py contributions for 64(2022 - 58)staff members .	p py contributions for 64(2022 - 58)staff members .	y	p
COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		249		249
Charitable activities
Supported Housing &	Work Experience	2,073,327		2,073,327
Other trading activities		71,963		71,963
Investment income		118		118
Total		~2145657		2,145,657
EXPENDITURE ON
Raising funds		41,188		41,188
Charitable activities
Supported Housing &	Work Experience	1,987,383	1144	1,988527
Total		2,028,571	1,144	2,029,715
Net gains on investments		200,000		200,000
NET INCOME/(EXPENDITURE)		317,086	(1,144)	315,942
RECONCILIATION	OF FUNDS
Total funds brought forward		2,222,821	4,539	2 227,360
TOTAL FUNDS CARRIED FORWARD		2,539 997	3 395	2,543,392

TANGIBLE FIXEDASSETS
Group
		Land dt
		property	Offices I	Equipment
COST
At 1 April 2022		539,344	94,375	175,634
Additions				6,675
Disposals
At 31March 2023		539,344	94,375	182,309
DEPRECIATION
At I April 2022		1041920	31,112	155,711
Charge for year		6,517	3,775	6,815
Eliminated on disposal
At 31March 2023		111,437	34,887	162,526
NET BOOK VALUE
At 31March 2023		427,907	59,488	19,783
At 31March 2022		434,424	63,263	19,923
	Fixtures
	and	Motor	Computer
	fittings	vehicles	equipment	Totals
	f,
COST
At 1 April 2022	37,431	66,489	14,420	927,693
Additions Disposals		~4,840)	3,024	9,699 ~4,840
At 31March 2023	37,431	~61 649	17,444	932,552
DEPRECIATION
At l April 2022	23&288	45,522	8,632	369,185
Charge for year Eliminated on disposal	2,546	5,120 ~4,355)	3,950	2$,723 ~4,355
At 31March 2023	25,$34	46,287	12,582	393,553
NET BOOK VALUE
At 31March 2023	11,597	15,362	4,862	538,999
At 31March 2022	14,143	20,967	5,788	558,508

TANGIBLE FIXEDASSETS - continued
Charitable company
	Land k
	property f,	Offices f	Equipment
COST
At 1April 2022	539,344	94375	125,430
Additions			6,675
Disposals
At 31March 2023	539344	~94375	132,105
DEPRECIATION
At 1April 2022	104,920	31,111	115,394
Charge for year	6,517	3,775	5,035
Eliminated on disposal
At 31March 2023	111,437	34,886	120,429
NET BOOK VALUE
At 31March 2023	~427 907	~59 489	11,676
At 31March 2022	~434 424	63,264	10,036
	Motor	Computer
	vehicles	equipment	Totals f
COST
At 1 April 2022	50,494	14,420	824,063
Additions Disposals	~4840	3,024	9,699 ~4,840)
At 31March 2023	~45 654	~17444	828,922
DEPRECIATION
At 1 April 2022	33323	8,632	293,380
Charge for year Eliminated on disposal	4,171 ~4355	3g50	23,448 ~4355
At 31March 2023	33,139	12,582	312,473
NET BOOK VALUE
At 31March 2023	12,515	4,862	516,449
At 31March 2022	17,171	5,788	530,683

14.	FIXEDASSETINVESTMENTS	FIXEDASSETINVESTMENTS	FIXEDASSETINVESTMENTS	FIXEDASSETINVESTMENTS
	Charitable	company
	At cost												31.3.23		31.3.22
													f		f
	100%ordinary		share capital ofTyddyn		Mon Trading Limited								1		1
	Tyddyn Mon Trading Ltd is registered				in England		and	Wales
	INVESTMENT PROPERTY
	Group
	FAIR VALUE
	At 1 April 2022
	and 31 March 2023														500,000
	NET BOOK VALUE
	At 31March	2023													500,000
	At 31March	2022													500,000
	The investment		property	was valued	at	market	value	on 12 October			2022 by Richard		Thomas		MRICS of
	Dafydd Hardy Chartered			Surveyors who are independent				ofthe charity.
	Fair value at	31	March 2023 is represented			by:
	Valuation in	2017													(173,046)
	Valuation in	2022													200,000
	Cost														473,046
															500,000
15.	STOCKS
									Group			Charitable		company
							31.323			31,3,22		31.323			31.3.22
							f
	Stocks											~1250			898
16.	DEBTORS:AMOUNTS			FALLING	DUE WITHIN			ONE YEAR
									Group			Charitable		company
							31323			31.3.22		313.23			31.3.22
															f
	Debtors Amounts owed		by group	undertakings			370,654			195,449		366,260 8,100			192,605 16,4$
	Otherdebtors						8,646					8,646
	Prepayments						377lit			32,332		36,623			26,492
							417,003			227,781		419,629			235,497
	DEBTORS:	AMOUNTS		FALLING DUE AFTER ONE					YEAR
									Group			Charitable		company
							31.3.23			31.3.22		31923			312022
							f			f		f			f
	Amounts owed		by group	undertakings											7,500
	Aggregate amounts					~417 003				227781		~419 629			242,997

							Group	Group	Charitable	company
							313.23	31.3.22	31323	31.3.22
										f
	Creditors						27,518	11,835	27,518	11,835
	VAT						4,552	1,234
	Accruals and		deferred	income			160634	134655	142 244	112843
							~200704	147.724	~169 762	~124 678
17.	LEASING AGREEMENTS
	Group and charitable			company
	Minimum	lease payments			under non-cancellable		operating leases faB due as follows:
									31.3.23	31.3.22
									f
	Within one year								50,963	49,105
	Between one		and five	years					~1674	5,076
									52,637	54,181
18.	PROVISIONS FOR			LIABILITIES
							Group		Cbaritalke	company
							31323	31.3.22	319.23	31.3.22
							f		f	f
	1stCharge	on	Property	and Covenant		to repay
	tean gom	Ynys Mon County Council					20,000	20,000	20,000	20,000
	Deferred taxprovision						879	1,143
							~20 879	~21 143	20000	20,000
	Ynys Mon	County Council			provided	Tyddyn Mon with a loan off20,000towards to			the purchase	ofthe Farm
	Heady on	the	condition that ifthe Farm was sold				the f20,000would be repayable.
19.	MOVEMENT IN FUNDS
	Group
								Net	Transfers
								movement	between	At
							At 1.4.22	in funds	funds	31.3.23
									f	f
	Unrestricted		funds
	General fund						1,011,494	151,962	(50,479)	13112,977
	Designated fund Fixed Asset reserve						471,050 1,057,363	~28,063)	40,779 9,700	511,829 1,039,000
							2,539,907	123,899		2,663,806
	Restricted	funds
	Medrwn Mon						3395	(1,143)		2,252
	TOTAL FUNDS						2,543302	122,756	.	2,666,050

19.	MOVEMENT IN FUNDS - con	tinued
	Net movement in funds, included	in the above are as	follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				f
	Unrestricted funds
	General fund Fixed Asset reserve			2,433,722	(2,281,760) ~20063	151,962 ~20 063
				2,433,722	(2,309,823)	123,899
	Restricted funds
	Medrwn Mon				(1,143)	(1,143)
	TOTAL FUNDS			2 433723	~2109672	122 756
19.	MOVEMENT IN FUNDS
	Charitable company
				Net	Transfers
				movement	between	At
		At 1.4.22		in funds	funds	31.3.23
	Unrestricted funds
	General fund	1,034,590		148,409	(50,479)	1,132,520
	Designated fund Fixed Asset reserve	471,050 1029 538		~22 789)	40,779 9,700	511,829 1,016,449
		2,535,178		1257620		2,660,798
	Restricted funds
	Medrwn Mon		3,395	(1,143)		2,252
	TOTAL FUNDS	2 530 573		124 477		2,663 050
	Net movement in funds, included	in the above are as	follows:
				Incoming	Resources	Movement
				resources	expended	in funds
	Unrestricted funds
	General fund Fixed Asset reserve			2362,498	(2,214,089) ~22 709	148,409 ~22 709
				2,362,49$	(2,236,878)	125,620
	Restricted funds
	Medrwn Mon				(1,143)	(1,143)
	TOTALFUNDS			2362,499	~2,230,022	124,477

A current	ye	ar 12months and prior	year 12months combined p	osition is as follo	ws:
				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.23
Unrestricted		funds
General	fund		911,863	297,860	(96,746)	1,112,977
Designated		fund	424,783		87,046	511,829
Fixed Asset		reserve	886,175	143,125	9,700	1,039,000
			2,222,821	440,985		2,663,806
Restricted funds
Medrwn	Mon		4539	~2287)		2 252
TOTAL	FUNDS		2,227,360	438,698	.	2,666,058

A current year 12months and prio as follows:	r year 12months combined	net movement in f	unds, included	in the above a
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
			6
Unrestricted funds
General fund Fixed Asset reserve	4,579,379	(4,281,519) ~56875)	200000	297,860 143,125
	4,579,379	(4,338,394)	200,000	440,985
Restricted funds Medrwn Mon		~2.287)		~2,287)
TOTAL FUNDS	4579380	~4340682)	200000	438698