REGISTERED COMPANY NbMBER: 03215276 (England and W41¢9) REGJSTF.RED C]L4IUTY NUMBER: 1078880 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE ITAR ENDED 311 SEPTEMBER 2024 FOR SLATE HERITAGE INfERNATIONAL William.% Denlon Cyf Chartered Certifi¢d A¢¢oUtants Glaslyn Ffordd y Par¢ ParL Menai Bangor Gwedd LL57 4fE
SLATE HEIUTAGE INTEIUIAI'IONAL CONTEIYTS OF THL FPIANCL41, sTATEMETs FOR THE YEARENDED 3V SEPTEMBER 2024 Pge Repfyrt of the Trustees Independent Examiner's Report Statement of F]bnclal Activi¢i¢s Balance S1ct NDtes to the Flnanei#l Ststements 7 to 11 Dttslled Ststrmhent of FinancSal Actlvltles 12
SLA TE H&RrrAGE INTEIiNATJONAL RLPORTOF THE TRUSTEES FOR THE YEAR ENDED 311 SEPTEMBER 21124 The ttust¢es who are also direct()TS of th¢ chon'ty for tl)e purposes vf the Cthtspanies Act 2006J pT¢t their report with thc fjnancial slatements of the charity for th¢ y¢ar ended 30 September 2024. The ttustees hav¢ adopted the provisions of Accounting and Reporting by Charities.. Stst¢mcnt of Recommended Practice applicable to charities prep0ring their accounts in accordance with thc FilloD¢ial R¢porting StandaTd applicable ill rb¢ UK and R¢publi¢ of Ireland (FRS 102) (effeclive l January 2019). The Cbarity comm¢n¢¢d active operations dwing th¢ 2021-22 having idaitified that thc i]tstOTi¢ally $i1ficant Slat¢ Mill and as50¢i8ted Buildings al Maenoffer¢n off¢r an opportijnity to meet the Charity's Objecls. Tks¢ buildings fom yart of the new World H¢ritagc Site for the Slate Landscapes of NoTth West Wal¢s and are the subject of a Signifiwice Report by the acknowledged leading cxpeIi in th¢ fi¢ld Dr David Gwyn. The Chlty h&8 ¢ngaged with the servitts of Clarke Associates in order to begiti developing a sustainabl¢ future stratcgy for the historicalty significant Sl#¢ Mill and as8ociatedBuilding$ at Ma¢nofferen. OBJECTIVES AND ACTIVITAES Objectives atMI The chlty has conlintsed throughout the year lo develop its plans to r¢scue the hi8tOTically significant Maenotre Mill Building. The Tnlee8 have wed ivith the c1]ty's a1t¢¢t lo d¢v¢lop a package of Enwgency WoTks wbich will ensure th¢ building i& PTOtect¢d in the shoff krni wliilsi futur¢ plans are developed. The Charity h&$ worked with Almond Tree Consu]tsncy - with tbe support of the ATchite¢tswal Heritage Fund - Inodernise its governance Al beg8ll the process of recrnitmcnt for additional tteeS lo broaden th¢ base of expuience and knowledge. afr HeTitag¢ International began a fvndraising campaign during the year to rais¢ finNls' lo support the work of th¢ City and iu porti¢ular ibe Emergency Works progra¢ for the MaenoffereD Mill. Signific#nt aclivie$ Tb¢ year ending S¢pt¢mbcr 2024 saw the chlty taking sigoifi¢anl gcti02) to prok¢t th¢ Maenofferen Mill Buildings. The ChaTity entered in to a long lease oveT the buildings ¢nJbling ti to begin the pIo¢ess of preserving the sttw¢mres for the tre. The Clwity Taised Ojuds of just less than £IOO,000 frtsm CADW alld the Architectural H¢rirage Fund to whom the Truste¢s wish to expres5 tbcir graiittth. Tb¢ shorall in funds b¢tween molli¢s r4ised and spen¢ oo adD)inistraiion aJ]d protection of the buildings iva5 provided for by donations aud loans from J IV Greaves & Sons Ltd to whom the Twstees ar¢ also 8rat¢fiJl. The expenditure OD administration r¢pres¢nted a very modest 40/* of incon reeeived. The r¢mainder being spent on fees retsting th the emergency works to strdbilise Ihe building and th¢ ¢mergency works thnSelveS. At the end of the year subslantial omounts of roof limbers had been supported, temp)rary riK>fmg installed to prote¢t key parts of the building aiid asbest(>S Temovefl represeniin8 a genuine new begirnbing for these important stNctures. Publlc btnellt Thc Charity is working with both David Clarke As814t¢S and through the aSpice8 of the Tnte¢S to ¢n8ure that Public Benefit is at th¢ heart of ihe suslainable fiJtLTre strategy for thc buildin8S. FINANCIAL REVIEW The Trustees have rnatntaincd a review of the Charity's financial position and hav¢ had continuing di8logJe with its single si8ÉJificant ¢r¢thtor. The Trustees remfiiti ¢onfident that they cat) rdise suffi¢i¢ni funds to me¢t current alld futwe obligations. A finattcial policy in¢luding rescrves policy is being developed by rhe Chlty as of the Governan¢¢ Review outlined above. Page I
SLATL HKRiTAGE INTEATIONAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 STRUCTURE, GOVERTr4ANCE AND MANAGEMELYT G0venllE do¢umcnt Th¢ cbarity is controlled by its goy¢ming documenL a deed of ttwst, and eonsliiutes a limited ¢i)rnpany? lin)ir¢d by guarnnt¢< as defined by the Lorryanies Art 2006. REFERENCE ALYD ADMtNISTRATIVE DE[Ls Regtstved Company number 03215276 (Engiand and Wales) Registered Charity number 1078880 Reg5stered olee Lle¢hwedd Slate Min¢s Biaenau Ffestintog Gwynedd LL413NB Trustees M S Bewick Compaoy Dllr¢tor Ms C Williams Arts and Heritage Con5ultani A Althom Financier K E Davi¢s Director (aFfjxJinted 2.11.23) S P Palin8 Director(appointed 2.11.23) Dr D G Roberts Dircctor (appointed2.11.23) Company Secretary M S B¢wick Independent Examiner Williams Denton Cyf Chartered Certified Accountants CTl&slyiJ Ffordd y Parc P8ff M¢nai Bangor Gwynedd LL57 4FE Approved by order of the board OftStCcS on 25 June 2025 and signed on its bcknlf by.. M S Bewick- Tniste Pag¢ 2
INDEPE]YDKNT EXAMINER'S REPORT TO THE TRUSTEES OF SLATE HERITAGE INTER.YATIONAL Indepelldetht ex•miDer'$ report to the trustees of Slate Heritage Internatlonal ('the Company,) I report to the chdrity trustees on ii)y ¢Xnintiun of the 8¢llnts of th¢ Company for the year ended 30 S¢pt¢mber2024. Resp•nsibllltie$ and basis of report As th¢ ¢lwitys ttvstees of thc Comp#ny (wi also its directOT5 foT the purposes of ¢ompaiy law) you are r¢sponsible ftsr th¢ prq)aration of the accounts iii accordance wilh rhe requirements of the Compamies Act 2006 ethe 2¢M16 Ace). Hoving satisfied myself that ihc a¢¢ounts of the Company arc nol required to b¢ aLvJiied under Port 16 of the 2006 Aci ond are eligible for it]dependfflit examination, I report in respect ofmy examillation of your chari$ accounts as corried out under Scciion 145 of the c.harities Act 2011 ('th¢ 2011 Act,). In caryying our my examination I have followed the Directions given by the Chyrtiy Comrntssion und¢r S¢6lion 14S(5) (b) of tlie 2011 Act. Independent oxAmitier'8 itstsmeBt I have completed my ¢x8mination. I confirni thyt no mott¢TS have ¢07ne io my alteolion in COnntion with tlie examinAtion giviiig me ¢au5¢ to believe: ccounling records were kept in respeci of th¢ Company as required by Section 386 of the 2006 Act. or the accounts do not aord with those recoTds; or ac¢ounts do not ¢omply WAth Ihe &¢cowitiiig requir¢menls of Serfion 396 of ihe 2006 Act other than any requirement that the a¢¢ounts give a knje and fair vi¢w which 1.9 not & matter Considered p8ri oran indep¢ndent examination. or accounts hayc not been prepared in awrdance with the methods and principles of the Statemt of R¢coll)mended Praeti¢¢ for OUtillg ar¥J rep)riing by ¢haTitie$ {&pplicabl¢ to chltieS preparing their accounts in aecordanc¢ witb the Financial RepoTtsng Standard arolicable in tbe UK and Republic of Iw10nd IFRS 102}). I have no ¢on¢¢rn¥ and have come a¢ros$ llo other matters in ¢onne¢tion widi the examination lo whi¢h attention shi)uld be drnwn iii this r¢port in order lo cnabl¢ a prop¢r understanding oftbc accounts to be reach#L Martin Steven Batt Williarns Denton Cyf Chartered Certified Accoun¢ants Glaslyn Ffordd y Parc Parc Menai Bftngoi CJwyncdd LL57 4FE 25 June 2025 Page 3
SLATE HLIUIAGE INTEIINATIONAL SIATEMENY OF FINANCIAL ACTIVII"IES FOR THE YEAR EF4DED 30 SEPTEMBER 2024 2024 2023 Total fi4S Unrestticted fjjnd Rtria¢d fund funds Notes INCOME AND ENDOWMENTS FROM Dontttions and Icgaci¢8 582 2.100 Cb4rlt4ble aCtideS Genml 99,210 99,210 I,(K)O Envestment income 3S 35 Total 99,827 99fi27 3,100 xPENDURE or4 Charltable activlths General 122,663 122,663 12,019 NET INCOMEI(EXPENDfruRE) (22,836) (21836) (8,919} RF.CONCILiATION OF FUtYDS Total fidS brought forward (19.063) (19,063) (10,144) TOTAL FUNDS CARJUED FORWARD {41O99) {41*99} (19,063) The notes fonn part of ihese tinan¢ial skt¢ments Page 4
SLA TE HERIT AGE IIYTEKTrqATIOLYAL BALANCE SHEET 30 SEPTEMBER 2024 2024 Total funds 2023 Total fid5 lJnr&slncted Restnc*d Not¢s CURRENT ASSETS Debtors Cu&h at bank 7,474 4,194 7,474 4,194 391 131 11,668 Al,668 522 CREDrroRS Amounls falling due within one year {21,185) (21,185) (19.5851 NET CURRENT ASSETSI(LIABJLITIES) 19,517) (9017) (19,063) TOTAL Asswfs LESS CURR ABlT (9,517 J 19517) (19,063) CREDITORS Amowits falling due after morc than oJ¢ y¢aT (32.382) (32,382) r4ET ASSETSI(LIABJLJTIES) (41,899) (41,899> {19,063) Unr¢slri¢ted fijnds (41,899) {19.063) TOTAL FUNDS (41,899) {19,063) Th¢ Cbaritable eompany is eotitled to ex¢JR4)tion fiDFn audii er Section 477 of the Cornpanies Act 2006 for the ye4r ¢nded 30 S¢ptember 2024. The memb$ have not required th? company to obtain an audit of its. financial statemenis for the year ended 30 S¢pt¢mb¢r2024 in accoTdaDce with Seuion 476 of ihc Companies Act 2006. Th¢ trw8iees a¢knowledge theirrcsponsibtlities for (a) ¢n$uTing thal the ¢haritabl¢ ¢ompany keeps I¢ting record% that wmply with Se¢fions 386 and 387 of the Companies Act 2(MJ6 and preparing financial stat¢ments which give a trne OTkd fair view of the state of affaiTS of the c11bIe company as at tbe end of each financial year and of ils surplw or dcficit for uch financial y¢or in accordall¢e with the requirements of S¢ction$ 394 and 395 ¥nd whi¢li otherwis¢ ¢omply wilh the requir¢]J)ents of thc Companies A¢t 20fJfi l]ng to fman¢ial stthrn¢nts, so faras applÈcable to tl]e ¢harilable compomy. O)) The notes fomi part of these fJnanc3al srateinents P&ge 5 continued...
iAI"E HEKITAGE INTKRNATIOliAL BALA1%, SHEET- ctsDtIDued 30 SEPTEMBER 21J24 These fin)ncd statements have been prepared In accordaiKo with the provisions applicable lo ¢hm"rable companies wbjeel to the small Companies regime. The fnancial st4tem¢nts were approv¢d by the Board of Trusiees and lthOriSed for issuc on 25 Jun¢ 2025 and were signed on its belialfby.. M S Bewick - TTus¢ec The notes rom part of th&se financial stalemcnts Page 6
SLATE HERII'AGE INTEIINAT]ONAI. NOTES TO THE FtNANCIAL STATEMkP4TS FOR THE YEAR ENDED 311 SEPTEMBER 2024 ACCOUNTING POLICIES Basls of preporlng the fin*n¢lal ststements The financial statements of the charitable co)Jwany> which is a publie beJefit entity under FRS 102, have been prepared in accordance with ihe ChaTitieb SORP (FRS 102) 'AccountiMg Reporting by Charitiey.. Stsiement of Reconmiended Practi¢e applicable to chille pt¢paring th¢ir cOUnts in accordence with the Financiaj Reporting Standard applicable iii lh¢ UK and R¢pvblic of Ird4)nd (FRS 102) (effective l January 2019),, Fir¢]1 Reporting Standard 102 'The Financial R¢poning Standard appli¢able in the UK alld R¢pLTblic of Ireland. and lh¢ Companies Act 2IY)6. The fiDan¢ial swenients hav¢ be prepared wider th¢ historical cost coKve])tion. In¢ome All in¢ome i.s r08lSed in the Statement of Fin¥nLial Activities ollce the charity h&s entitlement to the fund5, il is probable that th¢ in¢om¢ will be received and ihe amount can be measured reliably. Expenditsre Liabilities ar¢ tecognised as expetbjiture as soon a5 thffe is a legal or ConstrtIve obligation committing the charity to that expenth'tur¢, 1¢ is probftble that a tr4Dsf¢r of economic benefits will b¢ r¢quired in settlement and Ihe an)ount of the obligation ¢an be measurvd Teliably. &Ypenditlre is accounted for on an accrual$ b48is aud ha5 been claSsifd ter h¢adiJ)gs that agwrgate all reIaled tr> the category. Wh¢r¢ costs cannot be directly atttibuted to partiaar h¢udin8S they bave beeu alliKated to activities OD a basis ¢onsistent with the use of Taxado The Chlty is ¢xallpt from co4)oration IJX on its ¢haritable activits¢S. Fund acCoting Unrestrided fun(L8 can be in accordance w'ith the charitable objectives atthe diseretion of the trustees. Restricted funds can only b¢ us¢d for particular restticted purposes within the obj¢¢ts of the ch8Tity. Restrictions arise when specified by the donor or when fimds arc raised for parti¢ular restricted purposes. Further explanation of tlir nature and pw5e of each fund is in¢ludcd in tlke note5 to the financial slatements. INITMENT INCOME 2024 2023 Interest TRUSTEES. REMiJNERATION AND BENEFITS There wer¢ no trustees, remwimtion or oth¢r benefits for the year end¢d 30 S¢ptember 2024 nor for the year ended 30 S¢pt¢mber 2023, Trusl¢cy' expen$ There were LO Inttes, expenses paid for the year ended 30 Sepiember 2024 DOI for rhe year ended 30 September 2023. P&ge 7 co]]Imued...
SLATE HERITAG'E INTEKNATIONAL NOTES TO THE FtNANCLiL STATEMENTS - LOJltlnuid FOR TIIE YEAR ENDED 31) SEPTEMBER 2Q24 COMPARATtVES FOR THE STATEMENT OF FINANCIAL ACTIvrriES Unrestri6t¢d fia Restri¢ted fijnd Total ds rNCOME AM) ENDOWMKNTS. FROM Donatioll$ le¥acie8 2.100 2,1(K) CharStable activiti GenerJl 1,000 Tot41 3,100 3,100 EXPEM)rruRE ON Charltable actlvlties General 12.019 12,019 NET IIYCOTrLEI(EXPENDmE) (8.919) (8,919) RECONCILIATION OF FUNDS Total funds broughl foThvard (10,144) (10.144) TOTAL FUNDS CARRIED FORWARD (19,063) (19,063) DEBTORS: AMOiJNTS FALLIN'G DUE WITiiif4 ONE YEAR 2024 2023 VAT Prepa)ents 7,179 295 391 7374 391 Page 8 continued...
SLA TE HEIUTAGE IJYTEJV4ATIONAL NOTES TO THE NANCIAL STATEMENTS- ¢oJJtiryued FOR THE YLIR ENDED 30 SEPTEMBER 2024 CREDITOKS: AMOUNTS FALLING DUE WITHtN ONE YEAR 2024 2023 Trad¢ cdItorS A¢¢ruals and deferred income 20J30 855 18,607 978 21,185 19585 CIIEDITORS: AMOUNTS FALLING DUE AFTKR MORE THAN ONE YEAR 2024 2023 Other creditors 32,382 MOVEMENT I1¥ FUNDS Net movement in fun¢L4' Ai .10.23 Al 30.9.24 ITnrestrieted ¢unds GeneTal fimd {19,13) (22036) (41,899) TOTAL FUNDS (19.1163) (2L836) (41,899) Nelrnovement in fiJod4 included in the 81)ov¢ as follows". Incoming re50urc¢s Resources cxpended Movem¢nt ID fimds Unyestslcted funds General hjnd 99,827 (122,663} (21836) TOTAL FU14DS 99,827 (122,663) {22,Y30) Compargtiv¢s foy movement in funds Net movetnent in fvnd8 Ai 1.10.22 At 30.9.23 Unrestrlcted fuJMIs General (10,144) (8,919) (19.Q63) TOTAL FUNDS (10.144) (8,919) (19,063) Page 9 ¢ontillued..
SL41I HFRrrAGE INTERNATIONAL NOTES TO THE FINANCIAL sfATEMFNI'S - coArlnued FOR THE YEAR ENDED 30 SEPTEMBER2024 MOVEM IN FUNDS- etsnthilled Comparativc net moveMt in fiJnd4 included in the above are 0$ follows". Incoming resourees Resources experKled Movement in fiJnd$ Unrestrlded funds Gcneral fiu]d 3.100 (12.019) (8,919) TOTAL FUNDS 3,100 (12,019) (8.919) A Curreni year12 months and pritsr year 12 rnoirths ¢¢)nibined position 15 as follows: Net nb)v¢Dh¢nt in At 1.10.22 30.9.24 Unrt8tTi¢ted funds General fiu)d (10,1441 (31,755) (41,899) TOTAL FUNDS (10.144) {31,755) (41,1199} A current year 12 mDJrths and prior year 12 months ¢ombined net movement in fids, included in the above Are as follows.. Inctiming resour¢¢s Rcsources ex Mov¢ment in fi]ods Umrestrieted funds General tst 102,927 (134,682) (31,755) TOTAL FUNDS 102,927 (134,682} (31,755) RELATED PARTY DISCLOSURLS J.W. Gre*ve8 & Soos Llmited TIK cornyany wived a loan from J.W. Greaves & Sons Lilt¢d of £51,770.28 dtiTin8 the year. £19,388 of this was repaid to J.W. Greaves& Sons Limtted during thc yw. The balance of loan remaining at the year cnd is £31382.28. Page 10 continued...
SLATE HEIUTAGE IN"IEHNATJONAL NOTES TO THb FINANCIAL STATENIENTS- continued FOR THE YEAR ENDID 30 SEPTEJqBER 21124 io. COING COFICERN At 30109ll4 the cltsrity had n¢gativc Teserves of £41,899. The majority of Ihis was rePreNted by the loan from J.W Gr¢8V&8 who have confimied ih¢ir on going support for the charity and that ihey have no intention to r¢cail Pagell
SLATE HERITAGE INTERNATIONAL DETAILED STATEMENT OF FINAN'CIAL AcfivJTIES FOR THE YR EYDED 30 SEPTEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legaeles Gifts 582 2,100 Inve5tmtnt ijbcome Interest 35 Charitshle ¥diwities Grants 99210 1,0 Totthl Incoming resources 99.827 3,100 EXPENDITURE Support ¢osts Mallwm¢nt lWan(¢ SllNtries C.onqultancy Repairs and maintenanc¢ 2,024 567 8J911 J Jil,447 9,582 120,761 10,698 inan¢e Bank charge8 69 Gfrvern*D¢e ¢osts Accouiitsncy ftcs L¢gal fees 1,157 676 1252 1,833 1,252 Tot81 rcsources expended 122,663 12.019 Net exp¢ndlture (22,836) 18,919) This page does nui forni part of ihe statytory financial statunents Page 12