REGISTERED COMPANY NUMBER: 02228346 (EnglAnd and Wales) REGISTERED CHARITY NUMBER: 1072035 Tydd4iMThLTh Mni211 Ilidp.r / Gvllivaiinfj CDrJnl1de.nc. REPORT OF THE TRUSTEES AND AUDITED CONSOLIDA TED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR TYDDYN MOI¥4 illiomsdenton
TYDDYN MON CONTENfs OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees I to 10 Report of the Independent Auditors 11 10 14 Statement of Consolldated Financial Aetivities 15 Group Consolldated Balanee Sheet 16 Charitable Company Balance Sheet 17 Consolidated Cash Flow Statement 18 Notes to the Conso]Sdated Cash Flow Statement 19 Notes to the Con$o]idated Ffinanclal Statements 20 'to 32
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trnstees who are a]so directors of the charity for the purposes of the Compani¢s Act 2006, present their report with the financial stal¢ments of the charity for the year ended 31 March 2025. The trustees hav¢ adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcfIviTIES Objeetives and aims Tyddyn Mon has a long established history of Providing high-quality services to individua15 with a learning disability and supporting th¢m to shape their own lives. The Charitable Company's objects and principal activities are to: 'To promote and assist the general relief of all people with a learning disability by providing and assisting in the provision of care, housing and training opportunities and employm¢nt for p¢ople with a learning disability without distinction as to race, age, sex or political, religious or other opinions,. Ensuring our WO delivers our aims: We r¢view ow aims. obj¢ctiv¢s and a¢tiviti¢s on an annual basis. This Teview assesscs our achievements and the outcomes of our work ov¢r the preceding twelve months. evaluating the effectiveness of each key activity and the benefits delivered to the groups of people we support. The process also ¢nsur¢s that our aims, objectives and activities remain aligned with our charitable purpos¢s. In r¢vi¢wing our aims and objectives and in planning future activities. w¢ r¢f¢T to th¢ Charity Commission's guidance on pub]i¢ benefit. Page I
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OWECTIVES AND ACTIVITIES Significant actlvitles I. DAY and work opportunltles Centre- Tyddyn M6n farm The Day and Work Opporrnnities Service is based at Tyddyn Mon Fam). which also functions as the central offi¢¢ of the Charity. Funding for the project is provided Primarily by Ynys Mon County Council, supplemented by income generat¢d through irading activities. The service offeTS a person-c¢ntr¢d and flexible approach, supporting attendees to d¢v¢lop n¢w skills, increase confldence and work towards their individual goals. Our quality assurance processes provide robust ¢vid¢n¢¢ that attendees highly value the support they receive and that their participation has a positive and meaning1 impa¢t on their quality of life. ID March 2025, 31 individuals attended the Day and Work Opportynities Service, with an average daily att¢ndan¢¢ of 21.4, This represents a slight decrease in daily attendance compar¢d to the previous year. The farni employed el¢v¢n staff members, both ll- and part-tin]e, with administrative support provided by th¢ c¢ntral team. Training, work experience and activities are provided in the following ar¢&s: - Hospitality and Calering - Perfonning Arts - Groundwork5, Agri¢ultur¢ and Animal care - Sports, Ex¢rcis¢ aod Wellbeing activities - Events - Arts, Crafts, Woodwork and Pottery - Textile R¢¢ycling - Cook¢ry Life Skills MeTchandise design and Production DJ skills and hosting discos The Disco Project has rontinu¢d to expand and now includes a small team of adults with l¢arning disabilities trained to run discos. Discos are held both at external venues and at the charitys premises. The training has improved team members, confidence and skills, creating opportuniti¢s for tUre employment or self-etnployrnent. The team hav¢ also been invited to share their knowledge with others with l¢arning disabilities wishing to become DJS. The farni's polyLunnel was Tenovat¢d this year, with a new Covering and raised beds constNct¢d from recycled timber. This enables the gardening team to cultivate a wider variety of plants, flowers, fruits and veg¢tab1¢5 throughout the year. The refurbishment also includes wheelchaiT-accessibl¢ rais¢d beds, ensuring thai the space is accessible and ¢omfortabl¢ for all. Additionally, a music sensory garden was developed on the farm, featuring outdoor musical instruments and wind chimes s¢t within a peacefijl, calming space. This gard¢D is v¢ry popular with the people we support, as w¢ll as with visitors to the farni. One of the farni's attendees continues to s¢rv¢ as our artist-in-residen¢e, producing artwork for m¢r¢handise and promotional mat¢rials for the folk festival. The on-site satellit¢ technology has been expanded to cover a larger ar¢a of the farn], significantly improving connectivity in a location wher¢ mobil¢ phone signal is extremely limited. This ¢nbanced coverage ensures tnore reliable access to digital systems during the annual folk festival and supports day-to-day op¢rations across the site. As a result, we can now introduce additional ¢loud-bas¢d platforn]s, which will fLther streamlm¢ our operational processes. With assistance from the Shared Prosp¢rity Fund, w¢ installed dark sky lighting on th¢ farni, significantly reducing light pollution and creating a more natural night-tim¢ ¢nvironm¢nt. This benefits local wildlif¢, supports better sleep for visitors to our holiday let attd protects the clarity of th¢ night sky, making the farni an ideal 5POt for stargazing. In December 2024, the charity once again h¢ld its Christmas Concert at the local church in Amlwcb. Invitstions were ¢xt¢nded to families, Carers, staff, individuals SUPPOrted by the ¢harity, trustees and member5 of th¢ wider community. Th¢ music was led by the fami's music group and the local eollege choir, with additional contributions from other individuals supported by the charity. Page 2
TYDDYY4 MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OWECTIVES AND ACTIVITIES A number of enterprises ar¢ also bas¢d at th¢ woA( opportunitie5 service at Tyddyn Mon fami including.. Tg Crempog T* Crempog (Pancake House) is managed and run by individuals attending tbe Day and Work Opportynities Service and staff at Tyddyn Mon Farni. It provid¢s opportunities for people to achieve a range of outcomes and gain valuabl¢ work ¢xp¢ri¢nce and s¢v¢ral t¢nants in supported living regularly volunteer th¢r¢. Th¢ v¢nue is open to the public and availabl¢ for group bookings. It also serves as a location for the delivery of fe-to-face training. T¢xtile R¢cy¢ling The t¢xtile recycling s¢rYice operates in partnership with Anglesey Council and provid¢s a wide range of meaning1 outcornes for participants. The service collects and recycles an average of four tonn¢s of t¢xtiles ¢a¢h week across Anglesey. Individuals attending the Day and Work Opportuniti¢s Service assist by collectitig textiles donated by local residents and sorting them for recycling. The Charity also works in ¢olEaboration with several schools on Anglesey. funding textiles collected from re¢ycling bins at th¢s¢ 8ltes and g¢nerating income to support scbool projects. All textile banks were repainted last year and new signage applied. Th¢ national t¢xtile rKycling market is currently experi¢ncing significant challenges, including declining d¢mand and reduced income per tomie. This situation is being closely monitored throughout the y¢ar, TP Hendy Farnihouse Th¢ farnthous¢ is available for rent to visiting groups and families throughout the year and is ¢onv¢Di¢ndy located within wa]king distance of Lligwy Beach on the island of Anglesey. The rental incom¢ provides additional revenue for the charity while also creating opportunities for work-based activities and social intera¢tion for individuals attending the farn]. Visiting groups and families aTe also able to mak¢ us¢ of the wider facilities at Tyddyn Mon Farni. Holiday rental income has increased during this financial year due to higher occupancy levels. Folk on the Farm Festival The annual Folk on the Farni F¢stival, h¢ld at Tyddyn Mon Fami, has continued to develop over the years, attracting attendees and perforn]ers from across the UK. The July 2024 festival marked the 10th anniversary of th¢ ¢v¢nl and was c¢l¢brat¢d with impressive headline acts and a strong ftnusical line-up. The festival provid¢s valuabl¢ work experience opportunities for adults with learning disabilities and is well attended by individuals we support, together with their support workers, carers and families. People supported by the charity produ¢¢d m¢r¢handise to sell at a dedicated stall and also volunteered at the ¢vent. Tbeir roles included working in the ticket office, stewarding, assisting in TP Crempog , setting up marquees and supporting refuse collection and post-event ¢l¢an-up a¢tivitie5. The farni's Musi¢ Group once again opened the main stag¢ on th¢ first ¢vening with a perfornianct of their popular songs and they have continu¢d to perfomi at community events throughout the year. They also released and sold their first CD at the f¢stival, with the cover artwork design¢d by our artist in residence. F¢stival profits have previously been used t4) fimd a minibus for the event, th¢ purchas¢ of a defibrillator for use by individuals, staff, visitors and volunteers, as well as an all-t¢rrain ¢l¢¢tric-assist wheelchair, which enables everyone to access all areas of the fam) sirte and has been us¢d fr¢qu¢nily throughout the year. ProfiÉs from the 2024 festival will be used to purchase a new shed for th¢ farn). acquire a new marquee and develop additlonal camping fields for futur¢ f¢stival use. 2. Supported Living Serviee Throughout the year, the charity SilPPOrted 24 adults with a learning disability across Anglesey in 8 supported living houses, some living with others and som¢ alon¢. Seven settings have 24-hour staff support on site. At the end of March 2024, there were 48 ll-tiMe, part-time and r¢li¢f front-line stsff working in the service, support¢d by a registered manager and deputy manager. At the ¢nd of the y¢ar, there were two vacant rooms in the houses, as the tenants had n)ov¢d to new accommodations. The charity also owns a propety in Holyhead, which was historically used io operate a supported living service. The house has remained unocwpied for many years and th¢ trust¢es now need to decide on the future use of th¢ prop¢ty. Page 3
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Extensive preparation work is complet¢d b¢for¢ new pe¢)ple begin to Tec¢iv¢ a s¢rvice in supported living to ensur¢ they receive the right care and support from th¢ start. Each person is giv¢n th¢ individual support they need to contribut¢ as much as they can to decisions about thc care and support they n¢¢d. Support plans and outcomes are co-produ¢¢d with the people receiving SUPPOTt, their r¢prcscntatives and otber pmf¢ssionals and people's wishes and aspirations ar¢ the entral point of all care planning discussions. Whcre possible, people are involved in recruiting th¢ir st2ff support and feedback on the support received is sought from th¢ person and their representatives through various means using different communication tlletbods. The Responsible Individual also seeks feedback from peopl¢ living in the houses during visits to supported living houses. Staff support individuals to develop thcir inteTests and skills and to participate ill activities that matter to ihem. During the year, staff 5UPPOrted people to travcl and stay with relatives who liv¢ outside the area and to attend family events. S¢v¢ral individuals were also a5SlSted in hosting their birthday celebrations at local v¢nues with friends. A wide range of activities, hobbies and int¢rests are enjoyed, including: - Overseas, national and local holidays and trips to lourist attractions - Attending local and national sports matches - Music ncertS other events - Team sports and exercis¢ - Volunteering - Arts & Craft5 Wellbeing activities and ¢v¢nts Stsff at the charity undertake a Te¢ognised health and social care qualification alongsid¢ mandatory and specialist training r¢l¢vant to the role. Training priorities are detern]ined by service objectives. the ne¢ds of those being supported, feedback re¢¢iv¢d. the required skill mix and both local and national legislation. Recruitment for the supported living service has remained challenging throughout the year, retlecting wider difficulties experienced across the social rar¢ s¢ctor nationally. To help address this, the company operates a"Refer a Friend" scheme, which ¢ncourag¢s existing staffto re¢omm¢nd suitable candidates for vacancies. We off¢r abilingual service at the eharÈty and wc wcrc vcry PToud that one of our staff members was named Welsh Medium Apprcntice of the Year at Gnwp Llandrillo Menai's Work Based Learning Awards dwing the year for her support work at Tyddyn Mon. Th¢ supported living service was inspected in Febrnary 2025 and the company was vcry pleased to receive an excellent inspection report. The inspection highlighted th¢ high standard of care and support provid¢d, th¢ strong Telationships between slaff and th¢ individuals they support and th¢ positive outcomes achieved. The report also noted that people's voices are heard in all aspects of the service and that th¢ir views are given the highest priority. W¢ are gTateful for the exceptional commilment and dedication demonstrat¢d by all our colleagues across the company throughout the year. During the y¢ar, we completed our first Carboj) Reduction Plan for the charity, which atms to measure, manage and reduce the charity's grccnhousc gas emissions. with the long-tem] goal of achieving net-zeTO einissions. Thc plan outlines lear actions and targets, reflecting OUT commitment to environmental sustainability. Public benefit Th¢ tLVSte¢s have paid due regard lo the Charity Commission's guidance on public b¢nefit in deciding the activities und¢rtaken by Tyddyn Mon during the yeaT. Th¢ trustees are satisfied that the illforn]ation Provided in Ihe report and accounts m¢¢ts the publi¢ benefit reporting Tequirements. Volunteers Tyddyn Mon has a volunfrering scheme at the training centr¢ on the farm. People of all ages volunteer and help out around the farm and a150 at events such as the Folk on the Fann f¢stival. We also recruit volunteers with specific skills to enhaThce th¢ range of outcomes available to adults with a learning disability. Page 4
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charltable Activities- How our a¢tivitles deliver public benefits Fornied in 1988, Tyddyn Mon is a long-established, community-based learning disability charity based in Wales. The Charitable Company provides person-centred day and work opportunities, as well as care and Support for p¢opl¢ living in supported living properties. Tyddyn Mon's activities have developed significantly over tbe past 36 years and the Charitsble Company now has an annual thrnover of £2.7 million. During the fll)an¢ial year. w¢ ¢mploy¢d a total of 65 full and part-lime staff who benefit from good working tem)s and conditions, along with training and development opportunities. Most of our incom¢ ¢om¢s from s¢rvic¢-l¢v¢l agr¢¢m¢nts. How¢v¢r. w¢ r¢cognis¢ th¢ need to diversify our income sources. This strategy aims to redu¢e tbe risks associated with relying on a single income stream, raise awareness of our ¢tritable organisation and its activities and cr¢at¢ mor¢ opportLmiti¢s for peopl¢ with leaTning disabilities to have work- based opportunities. To achieve this. we have developed community-based enterprises that not only provide opportunities for our charity beneficiaries but also offer a social benefit to the wider community. Through its trading company, the charity currently ruThs the textile recycling conlracl across Anglesey and tnanages a holiday let propety. The charity operates a popular pancake house called Ty Crempog and hosts an annual folk festival at the charity fami, attracting artists and visitors from across the UK. All social enterprises provide valuable work experience and training, enabling participants to achieve a variety of outcomes. Individuals at the farn) are always available to infonn visitors about the farn]'s activities and assist the public in engaging in pottery and wood-burning proj¢¢ts. N¢w or planned wtiviti¢s are chosen in consultation with those re¢¢iving support, ensuring th¢y provide quality training opportunities and promote personal development, whil¢ also gen¢rating incom¢ for th¢ Charity. tn addition to gaining valuable eXpience across a rang¢ of work ¢nvironm¢nts and playing important roles within our community-based social enterprises, our benefieiaries also have access to training opportunities and participate in wellbeing activities that promote personal growth and development. These experiences enable them to learn new skills. demotjstrate their achievemettts and shape their futures. All the houses are situated in residential areas alld the people we support are valued members of their local community, frequenting restaurants and bars, shopping and socialising. Some people also volunt¢¢r at community organisations, local charity shops and at Tyddyn Mon events and activities. All are Support to jive as ind¢p¢nd¢ntly as possibl¢ and to achi¢ve th¢ir personal goals and outcomes. l. Aecess to the services Our charitabl¢ objects and funding cumtly limit the services we provide to adults with a learning disability. 2. Who used and benefited from the service The Day and Work OppOrttitjeS Service is based at Tyddyn Mon Farm, which also s¢rv¢s as the main offi¢¢ for th¢ Charitabl¢ Company. Ai the end of the r¢porting year, 31 individuals were using the day and work opportunities service, with a total of 33 supported during th¢ y¢ar, Additionally, th¢ support¢d living Service supported 22 people at the ye end, with 24 individuals supported over the course of the year. The charity s0 offers volunteering and work-based ¢xperi¢nc¢s to others in th¢ community, including individuals with disabilities, retirees, those returning to the workforce and college and university students. These opportunities are provided in addition to the support off¢r¢d to the individuals we work with directly. Facilities at the farni are also used by visiting school pupils and by college students with additional learning needs. 3. Equal Opportunities We are cornmitted to promoting equality of opportutiity across the charAty and place a high value on diversity. Social inclusion is a central focus in all aspects of our work. FINANCIAL REVIEW Financial performance Total incoming resources for the year was £2,752,082 compared to £2.544,475 in 2024, an increase of £207,607.Total resources ¢xpend¢d was £2,654,859 compared to £2,442,991 in 2024, an increase of £211,868. The net income for the year was £97,223. Page 5
TYDDYN MOIY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FllYANCIAL REVIEW Principal fundlng sourees Aside from the inconle generated thTough our trading activities, the priticipal fimding souw¢s for the Charitable Company are currently contract income from Ynys Mon County Council and the Ynys M6n Local Health Board. In light of increasing constraints on local authority expenditure, the Charitable Company aims to s¢¢k fiLnding from a broader rang¢ of agencies and to develop additional social ¢nterprises over time. Investment policy and objectives Having considered the options available, the Board has decided not to make any investn]ents in th¢ commercial markets. A review of investment policies takes plac¢ annually. Reserves pollcy Unrestricted funds are required. l. To provide llds which can be designated to specific projects to enable these projects to be und¢rtak¢n at short notice. 2. To cover administration and support costs, without which the Charitable Company could not function. The trustees consider it to be prndent that unrestri¢t¢d rerVeS should be sufficient to. l. Avoid the necessity of realising fixed assets held for the Charitable Company's use. 2. Cover betw¢en 3 and 6 months operating costs. 3. Provid¢ d¢signakd fimds for specific projects. The Board has examined the Charitable Company's requiT¢m¢nts for reserves in light of the main risks to th¢ organisation. It h&s established a policy whereby the unrestsicted funds not committed or invested in tangible fixed ass¢ts h¢ld by the Charitable Company should be between 3 and 6 months of the expenditure. Budgeted expenditure for 2025126 is estimated at £2.54m. Th¢refor¢, th¢ target at the end of the current financial y¢ar is £635,000 (for 3 months operating costs) or £1.27m (for 6 months) available in free reserves. The reserves ar¢ needed to meet the working capital requirements of th¢ Charitsble Company and th¢ Board are confident that at this level th¢y would be able to continue the current activities of the Charitabl¢ Company in the event of late payment from major fund¢rs or a significant drop in funding. Designated funds are as follows. Redundancy paym¢nt contingency fid External farn] impTovem¢nts Fund for unforeseen financial 5ettl¢m¢ntS R¢pla¢¢m¢nt vehicles G¢n¢ral technology and phone upgTad¢s 307,738 loo,000 loo,000 20,OIN) 8,400 536.138 Fr¢¢ r¢s¢rves are represented by th¢ g¢n¢ral nd included in unrestricted funds. The pr¢s¢nt level of reserves available to th¢ Charitable Company meets th¢ trust¢¢'S target of 6 months operating costs. Th¢ l¢v¢l of reserves is monitored and reviewed by the trustees twice a y¢aT. The Charitabl¢ Company's survival is largely depend¢nt on ndIng frolll local authorities and gov¢rnm¢nt agencies. The financial statements hav¢ been prepared on the as5un]ption that adequate thnding will be available in th¢ tUre and therefore the trnste¢s consider it appropriate to prepar¢ th¢ financial statements on a going concern basis. Page 6
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FUTURE PLANS The local authority is under si)1r1e8nt fmancial pressure and will be undertaking a competitive re-tendering exercise in the futur¢, requiring the Charitable CoEnpany to tender for its current servic¢s. In light of this. it is challenging to plan for the fure with any degree of certainty. In recognising that the majority of our income is generated from Service Level Agreements and having identified that we needed to continue to diversify our income base, not only to reduce th¢ pot¢ntial risks associated with naTrow income strcams but also to raisc awarcncss of our Charitable Company and its activities and provide greater opportunities and outconies for people with learning disabilities, we hav¢ d¢v¢lop¢d community-based enterprises that fulfil the Charitsble Company's nc¢ds but also provid¢ real social benefit for the wider community. Futu d¢velopmcnts: - Expand the usc of Ty Crempog , in¢r¢&s¢ footfall and increase the number of beneficiaries receiving training at the enterprise. - Upgrad¢ th¢ farni's t¢l¢pbony and IT systems. - Purchase a new van for textile recycling. - Increase th¢ animal stock at th¢ farm to ¢nabl¢ more anin]al therapy sessions and enhance the experience for visitors. - Develop some of the camping fields for next year's festival, improve the safety of the road leading to th¢ camping fields and install a new shed. Purchase drone technology for farni site monitoring. - Broaden the core team and expertlse to cnable s¢rvi¢e expansion. Continue to review and expand work-based training, fornial training and wellbeing activities, bas¢d on people's vocational aspiratiolls, personal goals and development needs. - Further develop the DJ team and service in line with team members, skills and local demand. - Keep the charity objects and gov¢rning documents under review to ensure they are fit for purpose for the future. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Th¢ Charitsble Company is govfflied by its memorandum and articles of association and constitutss a company liJnit¢d by guarantee, as def¢d by the CompaDies Act 2006 and was incorporated on 9th March 1988 and registered as a charity on 19th March 1998. Any person aged 18 or over shall be eligtble to apply for membership of the Charitable Company andlor to be a trustee. Such applications must be in writing and address¢d to th¢ Board at the Registered Office. No person shall b¢ registered a8 a member of the Charitable Company without the approval of the Board, who n)ay admit or refuse an applicatlOD at their discretion. A register of members of the Cbaritable Company shall be kcpt by thc Chi¢f Ex¢¢utive at the Registered Office and shall contain the name and address and date of admission to the Charitable Company of each member and shall, so far as is applicable, comply with th¢ provisions of Seclions 352 and 353 of the Act. All pro¢¢dures shall be governed by and comply with the provisions of the Charitable Company's m¢morandum and articles of association. The charity Object5 and Governing documents will bc rcvi¢w¢d to ¢nsure they are fit for purpose for the future. Reeruitment 2nd appolntment of new trustees The directors of th¢ Charitsbl¢ Company are also charity trustees for the pun)oses of charity law. The articles of assoctation r¢f¢r to these directors/truste¢s as "members of the Board" For the purposes of this report and to avoid any conknion th¢y shall b¢ called "trustees. and when acting together as the board they shall be call the "Board" The nature of the Clwitable Company's work with adults who have a learning disability is appropTiately r¢flected in the diversity of the Board. The Board brings together a broad mix of skills and additional trustees will be recruited with the necessary expertise and experience to strengthen govunan¢¢ further, provide effective leadership and guide the charity's fllre planning. Page 7
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MAIYAGEMENT Organisatlonal structure The Charitable Company has a Board which mects on average every two months and is responsibl¢ for the strategic direction and policy of the Charitabl¢ Company. The Board currently has six members from a variety of professional backgrounds relevant to the work of th¢ Charitabl¢ Company with recruitment underway for new m¢mb¢rs. The Chief Executive and Company Secretary also sit on th¢ Board but have no voting Tbts. A scheme of del¢gation is in place and day to day responsibility for the provision of the services rests witb the Chief Executive and the Housing Managw. The Chief Executive 15 Tesponsible for overseeing the management and developmellt of the supported living and day And work opportlmities seICeS and reviewing and improving the quality of the services. The Housing Manager has responsibility for th¢ day-to-day operatiollal management of the supported living scrvices illcluding leading and managing a servic¢ which meets the needs of people, safeguarding and promoting w¢llbeing, supervision of the staff team and also ensuring that the teavn continue to develop their skills and working practi¢cs in line with good practice and legislation. The Farn] team lead¢r has r¢sponsibility for the day-to-day operational maDagement of the day and work opportunities service including leading and managing a service which meets the needs of people, safeguarding and promoting wellbeing, overseeing farni and garden projects, supervising the staff team and enswing that the teatn contillue to develop their ski118 and working practices in line with good pra¢tic¢ and l¢gislation. Induction and tralning of new trustees New trnstees are invited to visit all the charity projects and supportcd living houses. A handbook for trustees is available, containing inforniation on ihe charity and rclevant Charity Commission infornlation. Key mAnagement remuneration Trustees give their time freely and ar¢ not paid for their role as truste. The remuneration of paid staff is set by Teference to norn]s in the voluntsry sector. Related parties Due lo the nare of tbe Charitsble Company's operations and the composition of the Board, it is inevitsble that transactjolls by the Charitable Company may involve an orgaDisation(s) in which a trnstee may hav¢ an Int¢st. The Charitable Company has a policy that all trustees must declar¢ an int¢r¢st and be absent from any dillS510DS of a transaction in which they may have a different interest from thos¢ of the Charitable Company. Dctai18 of any related party transactions, including trust¢e r¢muneratiofy benefits and expenses ar¢ dis¢los¢d in the notes to th¢ accounts. The Charitable Company has a wholly owned trading subsidiary Tyddyn Mon Trading Ltd, (Company number 07654129). Risk management The Board has conducted a review of the major risks to which the Cbaritablc Company is exposed. The risk r¢gist¢r is regularly reviewed and updated. Where appropriate, systems or procedures have been ¢st8blished to mitigate the risks that the Charitabl¢ Company faces. Internal control risks are minised by the implcmcntation of Procethires for authorisation of all transactions and PTojects. Procedures are in plac¢ to cnsurc that Staff, voluTJteers, clients and visitors at all centres of opcration comply with health and safety requirements. Th¢ Charitable Company's Quality Assurance process ensures a consistcnt quality of delivery for all operational aspects of the company. Thcsc piocedures are periodically reviewed to ensure that thcy continu¢ to meet the needs of the Charitable Company. Th¢ ChaTitable Company is also subj¢ct to insp¢ctions by Care Inspcctorate Wales and the Local Authority seryice reviews. REFERENCE AND ADMINISTRA TIVE DETAILS Regislered Company number 02228346 (England and Wales) Page 8
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Registered Charity number 1072035 Registered offiee Hendy Brynrefail Dulas Amlwch Anglesey LL70 9PQ Trustees Mrs Christine MacK2y Mr John Graham Peers Webster Ms Tracy Ann Davies Dr Emma Roberts (Vice chair) (resigned 28.12.24) Dr Michael Ian Hawkes (Chair} Ms Louise Faith Burn)an (r¢sign¢d 24.5.24) Mr Ronald Julian Gar¢th Cart¢r Mr Nig¢1 Drakl¢y (appointed 3.6.25) Key Management personnel Dr Michelle Freeman Mrs Tracy Davies Chief Executive Officer - Housing Manager Company Secretary Dr Michelle Freeman Auditors Williams Denton Cyf Chart¢r¢d Certified Accountants Stamtory Auditois Glaslyn Ffordd y PaTC Parc Menai Bangor Gwynedd LL57 4FE STA TEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are a]so the dirwt(prs of Tyddyn Mon for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial ststements in accordance with applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢ti¢¢) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ir¢land" Page 9
TYDDYN MON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- ¢ontAnued Company law requires the lrnstees to prepare financial stat¢m¢nts for each flllancial year. Under that law. th¢ trust¢es hav¢ ¢l¢ct¢d to prepare the financial statements in accordanc¢ with United Kingdom Generally Accept¢d Accounting Pra¢tic¢ (United Kingdom Accounting Standards and appli¢abl¢ law). Und¢r company law the trustees must not approve the fmaD¢i*l statements unless they are satisfied that thcy give a true and fair vi¢w of the state of affairs of the charitable company and of the incoming resources and application of rcsources, including the income and expenditure, of the charitable company for that pcriod. In preparing those fmancial statements, th¢ Inte¢S ar¢ required to select suitable accounting policies and then apply them consistently" observe the methods and Principles in the Charities SORP; make judgements and estilnates that are r¢asonabl¢ and prndent. pr¢pare the fjnancial statements on the going conc¢rn basis unless it is inappropriat¢ to presume that the ¢harAtable ompany will continue in business. Th¢ trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime th¢ financial position of the charitable Company and to ¢nable them to ensure that th¢ fwancial statements comply with the Compani¢s Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking r¢asonable stsps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the tsustees are aware, there is no relevant infomtiOn (as defined by Section 418 of th¢ Companies Act 2006) of which the charitable company's auditors are unaware, and each trustee has taken all th¢ st¢ps that they ought to have taken as a trust¢C Ill QTder to make them aware of any audit inforniation alld to establish that the charitable company, auditors ar¢ aware of that information. AUDITORS The auditors. Williams Dentoll Cyf, will be proposed for re-appointmcnt at the forthcoming Annual G¢neral Meetlng. This report has be¢n pr¢parcd in accordance with the special provisions of Part 15 of the Companies Act 2006 r¢lating to small companies. Approv¢d by order of the board of tru5t¢¢s on . g /iZ /zs . and signed on its behalf by.. Dr Michael lan Haw air) - TTUSt¢e Page 10
REPORT OF THE INDEPETrIDENT AUDITORS TO THE MEMBERS OF TYDDYN MON Oplnfion We have audited the fllwicial ststements of Tyddyn Mon (the 'parent charitable company,) and its subsidiary (the group} for the year ended 31 March 2025 which comprise the Statement of Consolidated Financial Activities, the Consolidated Balance Sheet, the Consolidated Cash Flow Statement and notes to the consolidated financial stst¢m¢nts, including a summary of significant accounting policies. The flnancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdorn Gencrally Ac¢q)tcd Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard appIicable in the UK and Republic of Ireland,. In our opinion the financial staternellts: give a true and fair view of the st2te of the group's and parent Charitable company's affairs as at 31 March 2024 and of its incoming TeSOUTces and application of Tesources, including its income Imd expenditure. for the year then ended. have been properly prepared in a¢¢ordan¢e with United Kingdom Generally Accepted Accounting Practice, including Financial Rcportillg Standard 102 The Financial Rcporting Standard 4)pli¢abl¢ in the UK and Republic of Ireland,. and have been pryared in accordance with the requirements of the Companies Act 2006. Basi5 for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities und¢r those standards are fiwther described in the Auditors, responsibilities for the audit of the financial statem¢nts section of our reporL We are independent of the group and parent Charitable company in accordance with the cthical 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. Con¢lusfions relatlng to going concern In auditing the fmancial statements. w¢ hav¢ conclud¢d that th¢ truste¢s' us¢ of the going concern basis of accounting in the preparation of the financial slatements is appropriafr. Bas¢d on the work w¢ have perform, w¢ hav¢ not id¢ntifi¢d any mat¢rial uncertainties relating to events OT ¢onditions that, indtvidually or collectively, may cast significant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern ar¢ d¢scTib¢d in tb¢ r¢l¢vant sections of this report. Other information The trustees are responsible for the other infornjation. The other infonnation comprises the inforniation included in the Annual Report. other than the financial statements and our Report of the Indepelldent Auditors thereon. Our opinion on the fmancial statemenls does not cover the other inforn)atlOD and, except to the ¢xt¢nt oth¢rwis¢ ¢xplicitly stated in our report, we do not express any foTm of assuran¢c conclusion th¢r¢on. In conn¢ction with our audit of the financial statements. our responsibility is to read the other infonnation and, ill doillg so. consider whether the other inforn]ation is materially inconsistent with the financial statements or our knowl¢dge obtained in the audit or otherwise appears to be materially Jnisstated. If we id¢JJtify suGb material inconsistencics or apparent material rnisstatemeDts, we are required to deterniin¢ whether this givcs ris¢ to a material misstatement in th¢ financial statements themselves. If, based on the work we have perfornied, w¢ ¢on¢lud¢ that ther¢ is a mat¢rial misstatcm¢nt of this other infornti0n. we are required to report that fact. We have nothing to report in this Tegard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on th¢ work undertaken in the course of the audit.. the inforniation given in the Report ofthe Trustees for the financial year for which th¢ financial statements are prepared is consistent with the financial ststemcnts. and - The Report of the Trustees has been piq)ar¢d in accordan¢¢ with applicabl¢ l¢gal r¢quir¢ments. Pagell
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TYDDYN MON Matters on whieh we are required Éo report by exception In the light of the knowledge and und¢rstanding of the group and parent charitable company and its ¢nvironrnent obtained in the course of the audit, w¢ havc not identified material misstatements in the Report of th¢ Trustccs. We have nothing to report in respect of the following matters wher¢ the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns ad¢quate for our audit have not been received from bTanch¢s not visited by us. or tb¢ fmall¢ial statements are not in agreement with the accounting records and returns. or certain disclosur¢s of trust¢¢s' remuneration specified by law are not mad¢. OT we have not reIVed all the infomation and explanations we r¢quir¢ for OUT audit. or the trustees wer¢ not ¢ntitl¢d to lake advantage of the small compani¢s ¢x¢mption from the requirement to prepare a Strategic Report or in PTepaTing the Report of the Trust¢¢s. Responsibilities of trustees As explained more fully in the Statemcnt of Trustees, Responsibilities. the tsust¢¢s (who are also the directors of the charitable company for the purposes of company law) are responsible for th¢ pr¢paration of the financial statements and for being satisfied that tb¢y givc a twc and fair view, and for such int¢rnal control as the trnstees detern]ine is necessary to ¢nabl¢ th¢ preparation of fmancial ststcmenls that are free from nMt¢rial niisstat¢ment, whether due to fraud or eOr. In pr¢paring th¢ financial statements. the trustees are responsible for ass¢ssing th¢ group and parent charitable company's ability to Continue as a going concern, disclosing, as applicabl¢, matt¢rs r¢lat¢d to going ¢on¢ern and using the going on¢¢rn basis of accounting unless the trustees either intend to liquidat¢ th¢ group and parent charitable company or to ceas¢ operations, or have no realistic alternative but to do so. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF TYDDYN MON Our responsibilities for the audit of the finaneial statements Our objectives are to obtain reasonable assurance about whether the financial 5tatem¢nts as a whole ar¢ free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level ofassurance, but is not a guarantce that an audil conducted in accordance with ISAS (UK) will always detect a material misstatcment whcn it cxists. Misstatements can arise from fraud or error and are considered material if, individually 01 in the aggregate, they could r¢asonably b¢ expected to influence the economic decisions of users taken on the basis of these fiDancial statcmcnts. The extent to which OUT procedures are capable of detccting irrcgularilies, including fraud is detailed below.. Based on our understanding of the group and parent charitable company and th¢ enviroDm¢nt in which it operates, we onsidered the risk of acts by th¢ group and parent charitable company that were contrary to applicable laws and regulations, including frau(L and designed audit procedures in response to this risk. We focu5sed on law5 and regulations which could give rise to a material misslatement in the fanCial stat¢m¢nts, including, but not limited to, Companies Act 2006 and Charities Act 2011. Our tests included: - enquiring with manag¢ment of any known or susp¢ct¢d iTregularilies, including fraud. ¢valuating th¢ ad¢quacy of int¢rnal controls designed to detect oi prevent irregularities, including the risk of management ovcrrid¢' - agreeing the amounts and disclosures in the flnancial statements to underlying supporting do¢umentation' - testing journal entries to identify unusual transactions; - evaluating whether there was evidencc of mallagement bias on key judgements and a¢counling ¢stimates' - reading the minutes of meetings of those charged with governance'and - enquiring of management as to actual or potential litigation and claims. There are inherent limitations in the audit pro¢cdur¢s d¢s¢rib¢d above. The more removed that financial transactions are from thc laws and regulations. th¢ lcss likely it is that we would become aware of non-compliance. Auditing standards also limit the audit pro¢¢dur¢s rcquir¢d to id¢ntify non-compliance with laws and Tegulations to enquiry of trustres and rnanagemffliL and the inspection of regulatory and legal correspondenc¢, if any. Material misstatements that arise due to fraud can be harder to d¢t¢ct than those resulting from errors, as fraud may involv¢ d¢lib¢rat¢ ¢oncealm¢nt or collusion. A furth¢r descriplion of our responsibilities for the audit of the financial statements is located on the Financial R¢porting Council's website at www.frc.oig.uklauditorsresponsibilities. This descripiion fornis part ofourR¢port of the Independent Auditors. Page 13
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF TYDDYN MON Use of our report This report is nde sol¢ly to the group and par¢nt charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of th¢ Companies Act 2006. Our audlt work bas been undertaken so that w¢ might state to the group and parent charitable company's mcmbcrs those matters w¢ ar¢ required to state to them in an auditors, report alld for no oth¢i purpose. To the full¢sl cxtcnt perniitted by law. we do not accept or assume responsibility to anyone other than the group and parent charilablc company and the group and parent Charitable Company's members as a body, for our audit worK for this repo¢ or for the opinions we hav¢ forn]ed. tJJLQL Colin Bell (Senior Stamtory Au it for and OD behalf of Williams Denton Cyf Chartered Certified Accountants Statutory Auditors Glaslyn Ffordd y Parc Parc M¢nai Bangor Gwynedd LL57 4FE Pag¢ 14
TYDDYN MON STATEMENT OF CONSOLIDATED FINANCIAL ACTIvfTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds UnrestrACted fimds Restricted fimds Notes INCOME AND ENDOWMENTS FROM Donations and l¢gaci¢s 1,871 1,871 1,877 Charitable activitie5 Supported Housing & Work Exp¢ri¢nce 2,583,403 2,583,403 2,377.894 Other trading a¢tivities Inv¢stm¢nt income 139,906 26,902 139,906 26,9112 145,871 18,833 Total 2,752 082 2 752 1182 2 544,475 EXPENDITURE OIY Raising funds 105,169 105,169 81,320 Charitsble activities Supported Housing & Work Exp¢ri¢nc¢ 2 549 690 2,549.690 2,361,671 Total 2,654 859 2,654 59 2 442 991 NET INCOME 97,223 97,223 101,484 RECONCILIATION OF FUNDS Total fvnds broughi forward 2,765,290 2,252 2,767A42 2,666,058 TOTAL FUNDS CARRIED FORWARD 2062,513 2 864 765 2 767 542 CONTINUING OPERATIONS All income and ¢xp¢nditur¢ has aris¢n from continuing activities. The notes fonn part of these financial statements Page 15
TYDDYN MON GROUP CONSOLIDATED BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unr¢stricted funds Restricted funds Notes FIXED ASSETS Tangibl¢ assets Inv¢strnent property 13 14 509,417 51)0,000 509,417 500,000 521,351 500,000 1,009,417 1,009,417 1,021,351 CURRENT ASSETS Stocks Debtors Cash at bank 15 16 1,800 195,551 Ig00,921 1,800 195051 1903,173 1,450 565,715 1391,972 2252 2,IV)&272 2,252 2,100,524 1,959,137 CREDITORS Amounts falling du¢ within one year 17 (224,422) {224,422) (192,403) NET CURRENT ASSETS 1873,850 2,252 1 876 102 1766.734 TOTAL ASSETS LESS CURRENT LIABILITIES 2,883,267 2252 2,885,519 2,788,085 PROVISIOIYS FOR LIABILITIES 19 (20,754) (20,754) (20,543) NET ASSETS 2 862,513 2,252 2 864 765 2,767,542 FUNDS Unrestrieted fimds Restri¢t¢d funds 20 2,862,513 2,252 2.765.290 2.252 TOTAL FUNDS 2,864,765 2,767,542 Th¢sc financial statements have been pr¢par¢d in accordance with the provisions applicabl¢ to Charitable companies sllbjcct to the small companies regime. e/iZ /zS The financial slatemcnts were approv¢d by the Board of Trustees and authorised for issue on............................................. and were signed on its behalf by: Dr Michael lan I hair) - Trnstee on Julian Gareth Carter- Trnstee The notes forni part of these financial statements Pag¢ 16 continued...
TYDDYN MON CHARITABLE COMPANY BALANCE SHEET 31 MARCH 2025 2025 Totsl fund$ 2024 Total fimds Unrestricted nds Restricted nds Notes FIXED ASSETS Tangible assets Investments Investments Investment propety 13 493,401 493,401 503,800 14 14 500,000 500,000 500.000 993,402 993.402 1,003,801 CURRENT ASSETS Stocks Debtors Cash at bank 15 16 1,700 193,151 1.890,022 1,700 193,151 1,892 74 1,350 556,839 1385,799 2,252 2,084,873 2252 2,087,125 1,943,988 CREDITORS Amounts falling due within one year 17 (194,708) (194,708) (161.655) ET CURRENT ASSETS 1,890,165 2,252 1892,417 1,782,333 TOTAL ASSETS LESS CURRENT LIABILITIES 2,883,567 2,252 2,885,819 2,786.134 PROVISIONS FOR LIABILITIES 19 (20,000) {20,000) (20,000) NET ASSETS 2,863567 2,252 19 2.766.134 FUNDS Unr¢stri¢t¢d funds Restricted funds 20 2,863.567 2,763,882 2,252 TOTAL FUNDS 2865,819 2,766,134 These financial statements have been prepared in accordance with the provisions applicabl¢ to charitabl¢ compani¢s subject to the small companies regime. Cl/i¥ ILS The financial st2tcm¢nts wcrc approvcd by the Board of Trustees and authorised for issue on ................................ . and were signed on its behalf by: Dr Mic ¢1 lan (Chair) - Trustee nald Julian areth Carter- Trustee The notes forni part of these financial statements Page 17
TYDDYN MON CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 21125 2024 Not¢s Cash flows from operatlng actlvities Cash g¢n¢rat¢d from operations 496 055 44.(K16) Net cash provided by/(used in) operating activities 49Q055 44,006) Cash tlows from InvestRng activities Purchase of tangible fixed assets Interest rec¢iv¢d (11,756) 26 (13.144) 18,833 Net cash provided by invesling activiti¢s 15,146 5,689 Change in eash and eash equivalents in tbe reporting period Cash and eash equivalents at the beginning of the reporting period 511201 (38,317) lJ91,972 1,430,289 Cash and cash equivalents 2t the end Of the reporting period 191)3 173 1,391,972 The notes fonn part of th¢s¢ financial statements Page 18
TYDDYN MON NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATIIYG AcfiviTIES 2025 2024 Net income for the reporting period {as per the Statement of Financial Activities) Adjustments for: Depreciation ¢barges Loss on disposal of fixed assets Interest received Increase/ (Decrease) in deferred tsx Increase in stocks De¢reasel(in¢rease) in debtors In¢r¢as¢/{d¢¢r¢ase) in creditors 97,223 101,484 23,689 26,544 4,250 {18,833) (338) (IIK)) (148.712) 8.301 (26,902) 211 {350) 370,164 Net cash provided byl{used in) operations 496,055 44,006) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 1,391,972 511,201 1,903,173 1,391,972 511,201 1,903,173 Total 1391972 511201 1903 173 The notes forni part of th¢s¢ financial statements Page 19
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of prepArlng the financial statements Th¢ financial statements of the group and parent charitable ¢ompany> which is a public benefit entlty under FRS 102. have been prepared in accordance with the Clwiti¢s SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to ¢bariti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and R¢public of Ireland (FRS 102) (effective l January 2019),. Financial R¢porting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements hav¢ been prepared under the historical cost convention, as modified by the revaluation of certain assets. Prepar&tlon of flnancSal statements on a going concern basis Th¢ group and parent charitable company's survival is larg¢ly d¢p¢ndent on funding from local authorities and government agencies. Th¢ financial statements have beffl prepared on th¢ assumption that adequate lldIng will be available in th¢ futur¢ and therefore the trustees consider it appropriat¢ to PT¢par¢ the financial stalements on a going con¢¢rn basis. Itteome Income from grants, contracts and fe¢s: including Capital grants and other income, is r¢cognis¢d once the charity has entitlement to the income, it is probabl¢ that the income will be received and the amount of income receivable can be measured reliably ¢xcept for: When it is specified that income from grants and contracts received by the charitP4bl¢ company are to be used in future periods, then th¢ incom¢ is d¢ferred until that period. When conditions are imposed which hav¢ to be lfilled before the charitable company b¢¢om¢s ¢ntitl¢d to use such income, the income is deferred and not in¢lud¢d in incoming resources until the pre-conditions for us¢ have been met. When specAfied, income including capital grants. is for a particular restricted purpose, which do¢s not amount to pre-condltions regarding enttdemenL this income is includ¢d in incoming resources of TeslTiCted funds wh¢n receivable. Donati4)ns are recognised when the charity has b¢¢n notifi¢d in writing of both the amount and s¢ttl¢m¢nt dat¢. tn the event that a donation is subject to conditions that require a level of perfornjance before the ¢harity is ¢ntitEed to the fimds, the income is deferred and not recognised until those conditions are met. Interest on fvnds held on deposit or loans provided is included when r¢ttivabl¢ and the arnount can be measured reliably by the charity. this is nornially upon notification of the int¢r¢st paid or payable. Turnover in the trading subsidiary represents net invoiced sales of goods and services excluding VAT. ExpeDditure Liabiliti¢s ar¢ rognISed as expendilmre as soon as there is a legal or constructiv¢ obligation committing the par¢nt charitsble company to that expenditure, it is probable that a transfer of ¢conomi¢ benefits will be required in s¢ttl¢m¢nt and the amount of the obligation can be measured reliably. Expenditure is a¢counled for on an a¢mials basis and has been classified under headings that aggregate all cost related to th¢ cat¢gory. Where costs ¢annot be directly attribut¢d to particular headings they have been allocated to activities on a basis eonsistent with the use of resources. Allocation and apportionment of costs Certain expenditure is diT¢Ctly attributabl¢ to specific activities and has been included in those cost categories. Certain olher costs, which are attributabl¢ to more than one activity, are apportioned across cost categories on th¢ basis of an estimate of the proportion of time spent by stsff on those activities or estitnated usage. Pag¢ 20 continued..
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - tontinued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Tangible fixed a55ets Depreciation is provided at the following rates in order to write off th¢ Cost of cach asset over its estimated useful life.. Land & property Offices Equipnrnt - Parent Fquipllrnt - Subsidiary Fixtures & fittings - Subsidiary Motorvehi¢les Conyuter equipnEnt- Parent 1.50/0 on reducing balances - Over 25 years - 250/0 on reducing ba]ance - I/• on reducing balance IV/0 on ducIng balance - 25% on reducing ba]ance - 25•/• straight line Tangible fixed assets for use by the group and parent charitable company are slated at cost or in cases wh¢r¢ fJx¢d assets have been donated at valuation at th¢ tim¢ of acquisition, l¢ss d¢pr¢¢iation. The cost of minor additions are not caoitalised. Illvestments Invcstmcnt property is shown at most rc¢ent valuation. Any aggregate surplus or deficit arising from changes in llrket value is recognised in thc statcm¢nt of financial a¢tiviti¢s. The propety is reviewed for impairn]ent ¢ach y¢ar by th¢ trust¢e5. Inv¢stm¢nts in the subsidiary company aT¢ Stat¢d in th¢ awounts of the parent company at cost. Stocks Stocks are valued at the lower of cost and net rca]isable value, after making due allowanc¢ for obsol¢t¢ and slow moving items. Taxation Th¢ par¢nt charitsble company is exempt from corporation tax on its charitable activities. The trading subsidiary is liable to COTporation tax. Deferred TAX D¢ferr¢d tax is r¢cognised in r¢spect of all timing differences that have originated but not reversed al the balance sheet date. Timing differences arise from the inclusion of income and ¢xp¢ns¢s in tax seSSMents in periods different from those in which they are recognised in financial statements. Def¢rr¢d tax is m¢asur¢d using tax rates and laws that have been ¢nacted or substantively ¢na¢t¢d by th¢ year end and that are expected to apply to the reversal of tbe timing diff¢rence. Unrelieved tax losses and other deferred tax assets are recognised only to th¢ ¢xt¢nt that it is probable tbat they will be recovered against the reversal of deferred tax liabilities or other futur¢ taxabl¢ profits. Fund accounting Unrestricted funds can be used in aecordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds earn]arked by the trustees for a particular purpos¢. Page 21 ¢ontinu¢d.-.
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTllYC POLICIES - Continued Fund accounting Restricted ndS can only be used for particular restricted purposes wiihin the objects of the parent charitable company. Restrictions lse when specified by the donor or when fidS are rdised for particular restricted purposes. Furtb¢r explanation of the nature and putpose of each fund is included in th¢ notes to the fiuancial slatements. Hire purchase gnd leasing eonm)itments Rentals paid under operating leases are charged to the Statemmt of Financial Activities on a Straight line basis over the period of the lease. PensioD Costs and other post-retirement benefits The parent charitable company operates a defllled contribution pension scheme. Contributions payabl¢ to th¢ parent charitable Company's pension scheme are charged to th¢ Ststement of Financial Activiti¢s in th¢ p¢riod to which they relate. Consolidation The financial ststen]ents consolidate the results of the charitable company and its wholly owned subsidiary Tyddyn Mon Trading Limited on a line-by-line basis. A separate Stat¢m¢nt of Financial Activities and Incom¢ and Expenditure Account for the charitsble company has not been pr¢s¢nt¢d because the charitable company bas tak¢n advantage of the exemption afforded by section 408 of the Companies Act 2006. Related Parties Du¢ to th¢ naturc of the chartty's operations and the composition of the board of trustees it is inevitable that transactions will tsk¢ place with organisalions in which a member may have an interest. All transactions involving organisations in which a1TUStee may have an interest are conducted at arni's length. Thc parcnt charitable company has a policy that all trustees must declar¢ an int¢i¢st if a r¢lat¢d party transaction occurs. DONAT10Tr4S AND LEGACIES 2025 2024 Donations 1,871 1,877 OTHER TRADING ACTIVITIES 2025 2024 Trading subsidiary activities 139.906 145.871 Page 22 continued...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - ¢oDtinu¢d FOR THE YEAR EIYDED 31 MARCH 2025 INVESTMENT INCOME 2025 2024 Deposit account interest 26,902 INCOME FROM CHAIUTABLE ACTIVITIES 2025 2024 Activity Supported Housing & Work Experience Support¢d Housing & Work Experience Supported Housing & Work Experience Supported Housing & Work Experience Supported Housing & Work Experience Supported Housing & Work Experience Supported Housing & Work Experience Ynys Mon CC Residents - DSS Residents - Own Farn] prothi¢¢ & Subsidies Grants Sundry r¢1pts Out of county day provAsion 1,988,100 557,926 1,845.055 505,931 6,523 475 826 13235 5,760 2.816 17 56 17 094 2 377,894 Grants r¢c¢iv¢d, included in th¢ above, are as follows: 2025 2024 Ynys Mon County Council 13 This grant was received for the Dark Sky Ligbting Retrofitting project and was fully used in the year. RAISING FUIYDS Other trading 2¢tivities 2025 2024 Trading subsidiary costs 105,169 81,320 CHARITABLE A1VITIEs COSTS Support costs (s¢e note 8) DiT¢Ct Costs Totals Supported Housing & Work Experience 2,403,871 145 819 2 549 690 Page 23 continu¢d.,.
TYDDYTr4 MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Governance costs Manag¢m¢nt Totals Supported HousiDg & Work Experience 130 678 145 819 NET INCOMEI{EXPENDITURE) Net incomel{expenditure) is stat¢d aft¢r charging/{crediting)'. 2025 2024 Auditors, remuneration Auditors, Temuneration foT non audit work Depreciation- Own assets Other operating l¢as¢s Deficit on disposal of fix¢d assets 5,160 9,981 23,690 51210 4.920 10.020 26,542 48,134 847 TRUSTEES, REMUNERATION AND BENEFrrs 2025 2024 Trnstces, salaTies Trust¢cs' social security Trustecs, pensions paid 35.745 3,510 856 51,271 4.565 40,111 57,000 The trustees Mr J.G.P. Webster and Ms T.A. Davies are paid remuneration in relation to the work thal they undertake for the Charitable Company as a support worker and housing manager. They aT¢ not paid for their posts as trustees. Trustees, expenses Th¢r¢ w¢r¢ no tnlees, expenses paid for the y¢ar ¢nd 31 March 2025 nor for the year ended 31 March 2024. ii. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Oth¢r p¢nsioa costs 1,529,285 1,413,800 131,145 118,053 32,691 29.944 1,693,121 1,561,797 Page 24 continu¢d...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 11. STAFF COSTS - continued Th¢ av¢rdg¢ monthly number of employe¢s during the year was as follows: 2025 2024 Chief Executive Officer Housing Manager Administration Charitable activities 61 66 65 70 No employees received emoluments in excess of £60,IX)O. The charity considers its key nngernent personnel comprise the Chief Executive Officer and the Housing Manager. Total emoluments, including ernployer pension contributions, of the key management personnel were £80,183 (2024 - £89,488) Th¢ cbarity operates a defined contribution pension scheme for its employees and the charity made pension contributions for 65 (2024 - 70) staff m¢mb¢rs. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢stri¢ted nds R¢5tri¢ted nds Total fimds INCOME AND ENDOWMENTS FROM Donations and legacies 1,877 1,877 Charitable Actlvltles Supported Housing & Work Exp¢ri¢n¢¢ 2,377,894 2,377,894 Other trading activities Investment income 145,87 I 145,871 Totsl 2,544,475 2.544,475 EXPENDITURE ON Raising funds 81,320 81,320 Charitabje Activities Supported Housing & Work Experience 2 361.671 2.361.671 Total 2,442,991 2,442 991 NET INCOME 101.484 101,484 RECONCILIATION OF FUNDS Total funds brought fonvaTd 2,663,806 2,252 2,666,058 TOTAL FUNDS CARIUED FORWARD 2,765,290 2,252 2,767,542 Page 25 continued...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 13. TANGIBLE FIXED ASSETS Group Land & property Offices Equipment COST At l April 2024 Additions 539,344 94075 153,458 At 31 March 2025 539,344 DEPRECIATION At l April 2024 Charg¢ for year 117,855 38,662 139,642 At 31 March 2025 124 178 145,233 NET BOOK VALUE At 31 March 2025 415 166 17,817 At 31 March 2024 421,489 55.713 13,816 Fixtur¢s and fittings Motor vehicles Comput¢T equipm¢nt Totals COST At l April 2024 Additions 39,856 2,164 61,649 24,115 912,797 At 31 March 2025 42,020 61,649 924,553 DEPRECIATION At l April 2024 Charge for year 28,177 2,492 50,128 2,880 16,982 391,446 At 31 March 2025 53,008 415 136 NET BOOK VALUE At 31 March 2025 11,351 8.641 At 31 March 2024 11,679 11,521 521,351 The Truste¢s are of th¢ opinion that the net book value of the fr¢ehold properties included in th¢ accounts is fair and there hav¢ b¢¢n no impairn]ents to the properties as at 31 March 2025. The company also owns a numb¢r of artworks tsndedldonated by the Arts Council of Wales and the Environmental Development fund of Ynys Mon County Council. Pag¢ 26 continued...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued FOR THE YEAR EIYDED 31 MARCH 2025 13. TANGIBLE FIXED ASSETS Charitable company Land & propety Offices Equipment COST At l April 2024 Additions 539,344 94,375 124,980 9,592 At 31 March 2025 539 344 134,572 DEPRECIATION At l April 2024 Charge for year 117,855 38.661 3.775 114,902 At 31 March 2025 119.820 NET BOOK VALUE At 31 March 2025 415,166 51,939 At 31 March 2024 421.489 55.714 10,078 Motor vehicles Computer equipment Totals COST At l April 2024 Additions 45,654 24,115 828,468 At 31 March 2025 45,654 838 060 DEPRECIATION At l April 2024 Charge for year 36268 2J46 16.982 324,668 At 31 Marcb 2025 19.611 NET BOOK VALUE At 31 March 2025 7.040 4,504 493,401 At 31 March 2024 9,386 7.133 503.800 The Trnst¢¢s are ofth¢ opinion that the net book value of the freehold properties included in th¢ account5 is fair and there have been no impainnents to the properties as at 31 March 2025. The company also owns a number of artworks fundeivdotydted by the Arts Council of Wales and th¢ Environmental Ikvelopment fund of Ynys Mon County Council. Page 27 ntinu¢d...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAK ENDED 31 MARCH 2025 14. INVESTMENT PROPERTY Group COST OR FAIR VALUE At l April 2024 and 31 March 2025 500 000 NET BOOK VALUE At 31 March 2025 500,000 At 31 March 2024 500,000 Th¢ investment propety was valued at mark¢t value on 12 October 2022 by Richard Thomas MRICS of Dafydd Hardy Charter¢d Surveyors who are independent of the charity. Fair value at 31 March 2025 is repres¢nl¢d by: Valuation in 2017 Valuation in 2022 Cost (108296) 2011,000 408 296 14. FIXED ASSET INVESTMENTS At cost 31.3.25 31.3.24 IOOO/& ordinary share capital of Tyddyn Mon Trading Limitcd Tyddyn Mon Trading Ltd is regist¢rcd in England and Wales 15. STOCKS Group CharitAhle compny 31J.25 31.3.24 31J25 31.3.24 Stocks 1,450 1,350 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charitalle £on4MDy 31J.25 31.3.24 31J25 31.3.24 Debtor6 Amounts owed by group undertakings Other debtor PrepaYrntS 139rt87 513,369 I3636 3,200 11,815 41,600 193,151 504.997 11015 44249 195551 11.313 41,033 565,715 11.313 36,929 556,839 Page 28 continued...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 17. CREDITORS: AMOUNTS FALLIIYG DUE WITHIN YEAR Group CharltsNe ¢onpny 31J.25 31.3.24 31.3.25 31.3.24 thditors VAT Accrnals and deferred incon 4,495 3,019 216908 224 422 2.627 4.408 185,368 192,403 4,495 2,627 190 213 194 708 159,028 161,655 18. LEASING AGREEMENTS Group and ¢haritable Company Minimum lease payments under non-cancellable operating leases fall due as follows: 2025 2024 Within one y¢ar Betw¢en one and five years 57,816 6J49 56.088 4,105 64165 60,193 19. PROVISIONS FOR LIABILITIES (koup Charitalje ¢ompny 31.325 31.3.24 31.3.25 31.3.24 1st Charge on Property and Covenant to repay Ian from Ynys Mon County Council Deferred taxprovision 20,000 754 20,754 20,(XK) 543 20,543 20,000 20,IXN) 20,(XK) Ynys Mon County Coullcil provided Tyddyn Mon with a loan of £20.000 towards to the purchase of the Farni at Hendy on the condition that if the Farni was sold the £20,(100 would b¢ r¢payable. 20. MOVEMEwf IN FUNDS Group N¢t mov¢m¢nt in funds Transfers between flmds At 31.3.25 At 1.4.24 Unrestricted funds General fid Designated fund Fixed Asset reserve 1232,635 528,856 1,003,799 117,215 (16,874) 7282 9,592 1,332,976 536,138 993J99 19,992 2,765,290 97,223 2,862,513 Restricted funds Medm Mon 2,252 2,252 TOTAL FUNDS 97,223 2 864,765 Page 29 continued...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STA TEMENTS - coDtinued FOR THE YEAR ENDED 31 MARCH 2025 20. MOVEMENT IN FUNDS - continued Group Net mov¢m¢nt in fimds, included in the above are as follows: Incoming resources Resources expended Mov¢m¢nt in funds Unrestrieted funds Genernl fund Fixed Asset r¢s¢ry¢ 2,752,082 (2,634,867) 19,992 117,215 19,992) 2 752,082 2,654,859 97223 TOTAL FUNDS 2 752,082 (2,654,859) 97,223 Comparatives for n)ovement In funds Group Net movement in funds Transf¢rs between fidS At 31.3.24 At 1.4.23 Unrestricted funds G¢n¢ral fund Designated Fixed Asset reserve 1,135,528 511,829 1,016,449 124,030 (26.924) 17,027 9,897 1,232,634 528,856 1,003,800 22.546) 2,663,806 101,484 2,765,290 Restricted funds Medrwn Mon 2,252 2,252 TOTAL FUNDS 2,666.058 101.484 2,767 542 Comparative net movement in nds, included in the above aT¢ as follows: Incoming r¢sour¢¢s Resources expended Movement in funds Unrestricted funds General lld Fixed Asset reserve 2,544,473 (2,420,443) 22,548) 124,030 22,546) 2,544,475 2.442,991 101,484 TOTAL FUNDS 2,544,475 2,442,991 101.484 Page 30 continued...
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCiAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 20. MOVEMENT IN FUNDS - Continued Charitable company Net movemenl in funds Transfers between funds Ai 31.3.25 At 1.4.24 Unrestricted funds General fund Designated fund Fix¢d Ass¢t reserve 1,231,226 528,856 1003,800 119,677 (16,874) 7,282 9,592 1,334,029 536,138 993.400 19992) 2,763,882 99,685 2,863,567 Restricted funds Mednyn Mon 2,252 2252 TOTAL FUNDS 2,76Q134 2 865 819 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in ndS ilnrestricted funds G¢n¢ral fund Fixed Asset reserve 2,649J75 (2,529,698) 19.992) 119,677 (19,992 2,649,375 2 549,690 99,685 TOTAL FUNDS 2,049,375 2 549 690) 99.685 Pur se of desi nated funds From time to time the trustees designate unrestricted funds for future projects. Thes¢ will be detsil¢d in the report of the trustees. The Fixed Asset Reserve represents the net book valuc of fixed assets. se of restrlcted funds The Medrwn Mon fimd represents grant money received to purchase outdoor musical instruments for service users. Page 31
TYDDYN MON NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 21. RELATED PARTY DISCLOSURES There were no r¢lat¢d paty transtiOnS for ihe year ended 31 March 2025. 22. TAXATION No tax chaig¢s have arisen in the year. 23. GOING CONCERN Thc Trustees consider it appropriate to prepare the financial stat¢m¢nts on a going concern basis. Page 32
Luilliomsdenton Accountants and Tax Advisors CYfrir ac Ymgynghotwyr Treth ACCA Registered as auditors and regulated for a range of investments business activities in the United Kingdom by the Association of Chartered Certified Accountants