||||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|
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|Redundancy
payment
contingency|Redundancy
payment
contingency|fund|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|
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||||||||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|
##
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|DONATIONS|AND LEGACIES|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|
|13.|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|
##
##
##
##
##