Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
Registered number: 04157991 Charity number: 1092336
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Trustees' Responsibilities Statement | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 - 9 |
| Notes to the Financial Statements | 10 - 29 |
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
| Trustees | C Evans |
|---|---|
| M Thomas | |
| G A Davies | |
| J Rees | |
| J G Davies | |
| A Friar (Resigned 14 March 2025) | |
| B Griffiths, Secretary | |
| A Bryce (Resigned 12 November 2024) | |
| R Moses | |
| N Rees-Swain (Resigned 14 November 2024) | |
| D Saunders | |
| J Stonehouse (Resigned 14 March 2025) | |
| M Morgans (Resigned 10 May 2024) | |
| A Rees-Swain | |
| C Richards | |
| H Taylor (Resigned 20 May 2025) | |
| Company registered number 04157991 Charity registered number 1092336 Registered office Cwmgarw Road Brynamman Ammanford Carmarthenshire SA18 1BU Company secretary Bethan Elin Griffiths Independent examiner MHA Chartered Accountants MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS |
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
(a) to develop establish or secure in suitably equipped accommodation and establishment of a multifunctional community centre and to maintain and manage the same (whether alone or in cooperation with any local authority or other person or body) in furtherance of these objects.
(b) to promote the benefit of health, education and recreation of the inhabitants of Brynamman without distinction of age, sex, sexual orientation, race or of political religious or other opinions by associating together the said inhabitants and the local authorities voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of health and social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
(c) to promote such other charitable purposes as may from time to time be determined.
The main activities undertaken in relation to the above purposes are noted throughout the report.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The main activities undertaken to further the charity’s purposes for the public benefit are noted throughout the report.
Achievements and performance
The centre during the year expanded its services in the community and again provided a safe, warm and welcoming facility to all. It's notable to recognise the key role we have in the absence of any real meaningful service provision from local authorities and other statutory bodies.
In doing so ,we directly employ 19 full and part time staff and all from the locality .
During the year, we had several changes to the board of trustees with Angela Frier, Lynda Bryce, Natalie ReesSwain and Mel Morgan resigning. Mel in particular has been our treasurer for 12 years and I would wish to personally thank him for his unwavering support for that period. Diolch Mel.
Sadly, we lost David Stonehouse as well during the year. During his brief period as a trustee he really had a significant input and was an ever present in the centre. Our condolences to his two sons Rhidian and Owain and of course to his wider family.
As you will note from these accounts, there was an overall loss during the year (£14,178) which highlights the reality of a gap between the demands on the charity and its inherent costs measured against its ability to internally generate funds. However hard we as a board try there is still a need to externally generate funds from grant aiding organisations. The vary nature of applying for external financial support is not always successful and when successful, funds are sometimes paid retrospectively when all the invoices have been paid. This in turn can compound cash flow challenges for the charity.
The annual grant from Cwarter Bach Community Council provides a degree of financial protection for the charity and the post office (as part of the shop) without which, the funding gap would have been greater.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
With the cost of employment and food ingredients also outstripping the charity’s ability to fund the increases from charging, the financial pressures are growing, the year also saw a significant drop in profit margins at both the cafè and shop.
As always I would wish to record the board’s appreciation for the great work our volunteers and staff do. Without exception they are always willing and go that ‘extra mile’ in ensuring what is provided by the centre we can be truly proud of.
Financial review
The charity made an overall deficit of £14,178 for the year ended 31st March 2025 (2024: £15,239 Surplus). This can be seen to be split between an unrestricted deficit of £38,661 (2024: deficit of £29,790) and a restricted surplus of £24,483 (2024: surplus of £45,029).
Total reserves at the year-end were £986,701, (2024: £1,000,879), split between unrestricted general reserves of £81,682 (2024: £120,343), designated funds of £43,151 (2024: £43,151) and restricted funds of £861,868 (2024: £837,385).
Reserves policy
The board of trustees have the responsibility for the centre’s financial wellbeing and in the event of financial stress will promptly act to safeguard its assets, minimise liabilities and ensure the fair and lawful treatment of employees, creditors and the repayment of grants where applicable.
This policy is to be reviewed and quantified on an annual basis by the board during the charity’s budgeting process.
The trustees have adopted a policy in order to provide for the following designated reserves in addition to the general fund reserves:
-
The centre aims to build up a reserve to enable it to continue and expand the service that the organisation currently provides and to allow the development of new projects.
-
Unrestricted funds not committed to or invested in tangible fixed assets i.e. the free reserves held by the charity, are held in a general fund and a designated fund referred to as the future commitment reserve.
At this level the trustees would aim to continue the charity's current activities for several months in the event of a significant drop in income.
As at 31st March 2025 the free reserves of the charity totalled £81,682 (2024: £120,343).
Structure, governance and management
Governing document and structure
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 15th December 2000.
It was registered as a charity with the Charity Commission on 6th June 2002.
Recruitment and appointment of trustees
Membership of the company is open to residents of Brynamman and the locality on payment of an admission fee of £7. Each member is committed to contribute £1 in the event of the charity winding up.
Organisational structure
The business of the charity is overseen by the board of trustees who may exercise all powers of the charity and by the Executive Committee which has delegated authority for operational matters.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Induction and training of Trustees
Trustees receive training and induction as required, depending upon their background and their roles as trustees in other charities. Skill shortages of the board are kept under regular review.
Risk management
The trustees have identified and reviewed the risks to which the charity is exposed and have implemented appropiate systems and controls to manage those risks.
Approved by order of the members of the board of Trustees and signed on their behalf by:
.................................................... J Rees (Chair of Trustees)
Date: 6 November 2025
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
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Br
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.................................................... J Rees (Chair of Trustees)
Date: 6 November 2025
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner's Report to the Trustees of Canolfan Y Mynydd Du The Black Mountain Centre ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Dated: 6 November 2025
Signed: Dated: aH htbesex Rachel Doyle ACA DChA MHA Chartered Accountants MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 4 Charitable activities 5 Other income 6 Total income Expenditure on: Raising funds 7 Charitable activities 8 Total expenditure Net income/(expenditure) Transfers between funds 18 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2025 £ - 46,137 - 46,137 - 36,952 36,952 9,185 15,298 24,483 837,385 24,483 861,868 |
Unrestricted funds 2025 £ 28,569 103,778 - 132,347 1,783 153,927 155,710 (23,363) (15,298) (38,661) 163,494 (38,661) 124,833 |
Total funds 2025 £ 28,569 149,915 - 178,484 1,783 190,879 192,662 (14,178) - (14,178) 1,000,879 (14,178) 986,701 |
Total funds 2024 £ 86,947 84,872 948 172,767 |
|---|---|---|---|---|
| 4,277 153,251 157,528 |
||||
| 15,239 - 15,239 |
||||
| 985,640 15,239 1,000,879 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 29 form part of these financial statements.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE (A Company Limited by Guarantee) REGISTERED NUMBER: 04157991
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed assets Tangible assets 13 Investments 14 Current assets Debtors 15 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 18 Unrestricted funds Designated funds 18 General funds 18 Total unrestricted funds 18 Total funds |
6,150 104,533 110,683 (34,001) 43,151 81,682 |
2025 £ 905,019 5,000 910,019 76,682 986,701 986,701 861,868 124,833 986,701 |
8,046 135,104 143,150 (28,017) 43,151 120,343 |
2024 £ 880,746 5,000 |
|---|---|---|---|---|
| 885,746 115,133 |
||||
| 1,000,879 | ||||
| 1,000,879 | ||||
| 837,385 163,494 |
||||
| 1,000,879 |
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE (A Company Limited by Guarantee) REGISTERED NUMBER: 04157991
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
.................................................... Sor Br J Rees
(Chair of Trustees)
Date: 6 November 2025
The notes on pages 10 to 29 form part of these financial statements.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
Canolfan Y Myndydd Du The Black Mountain Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is:
Cwmgarw Road Brynamman Ammanford Carmarthenshire SA18 1BU
2. Accounting policies
2.1 Basis of preparation of financial statement
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Canolfan Y Mynydd Du The Black Mountain Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The charity has taken advantage of the provisions in the SORP for charites applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetarey amounts in these financial statements are rounded to the nearest £.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Centre and post office income is accounted for when the service is provided.
Grants receivable are treated in different ways dependent upon their purposes and the terms of the grant.
Grants receivable for the specific purpose of purchasing fixed assets for the continued use of the charity are treated as restricted funds. The restricted fund is then reduced by amounts equivalent to the depreciation charges on the assets concerned and will continue to do so over the expected useful lives of the assets concerned.
Grants receivable for specific purposes are also treated as restricted funds so that any unused funds can be separately identified.
Grants receivable to facilitate the general running of the charity for example where the trustees can choose how the funds are expended, are treated as unrestricted funds.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.5 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
| Freehold land and buildings | - | 2% Straight line |
|---|---|---|
| Equipment | - | 25% Reducing balance |
| Fixtures and fittings | - | 25% Reducing balance |
| Computer equipment | - | 25% Reducing balance |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities.
2.7 Investments
Unlisted investments relate to 5,000 shares in Awel Coop gifted to the charity. These have been valued at £1 each. The value will be reviewed at each reporting date and adjusted where necessary.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2.13 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.14 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The trustees makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
4. Income from donations and legacies
| Unrestricted funds 2025 £ Donations 28,569 Unrestricted funds 2024 £ Donations 86,947 |
Total funds 2025 £ 28,569 |
|---|---|
| Total funds 2024 £ 86,947 |
5. Income from charitable activities
| Centre Income Grants |
Restricted funds 2025 Unrestricted funds 2025 £ £ 25,137 57,752 21,000 46,026 46,137 103,778 |
Total funds 2025 £ 82,889 67,026 149,915 |
|---|---|---|
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. Income from charitable activities (continued)
| Centre Income Grants Grants Crowdfunder Cwarter Bach Community Council Carmarthen County Council CoOp Dojo Arfor Warm Hub |
Unrestricted funds 2024 £ 57,135 27,737 84,872 2025 £ - 20,000 28,784 2,276 8,683 6,533 750 67,026 |
Total funds 2024 £ 57,135 27,737 84,872 |
|---|---|---|
| 2024 £ 4,832 17,000 5,905 - - - - 27,737 |
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Other incoming resources
| Interest recieveable Unrestricted funds 2024 £ Interest recieveable 948 |
Total funds 2025 £ - |
|---|---|
| Total funds 2024 £ 948 |
7. Expenditure on raising funds Fundraising trading expenses
| Unrestricted funds 2025 £ Fundraising and sundry 1,783 Unrestricted funds 2024 £ Fundraising and sundry 4,277 |
Total funds 2025 £ 1,783 |
|---|---|
| Total funds 2024 £ 4,277 |
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Analysis of expenditure on charitable activities
Summary by fund type
| Centre Income Support costs Centre Income Support costs |
Restricted funds 2025 Unrestricted funds 2025 £ £ 36,952 149,677 - 4,250 36,952 153,927 Restricted funds 2024 Unrestricted funds 2024 £ £ 29,790 120,811 - 2,650 29,790 123,461 |
Total 2025 £ 186,629 4,250 190,879 |
|---|---|---|
| Total 2024 £ 150,601 2,650 153,251 |
9. Analysis of expenditure by activities
| Centre Income Support costs |
Activities undertaken directly 2025 £ 186,629 - 186,629 |
Support costs 2025 £ - 4,250 4,250 |
Total funds 2025 £ 186,629 4,250 190,879 |
|---|---|---|---|
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Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. Analysis of expenditure by activities (continued)
| Centre Income Support costs |
Activities undertaken directly 2024 £ 150,601 - 150,601 |
Support costs 2024 £ - 2,650 2,650 |
Total funds 2024 £ 150,601 2,650 153,251 |
|---|---|---|---|
Analysis of direct costs
| Staff costs Depreciation Repairs and renewals Light and heat Telecoms and computer costs Insurances and licences Rates and water Stationery and other office costs Printing and advertising Cleaning Crafts Sundry expenses Legal and professional |
Total funds 2025 £ 71,921 36,952 20,812 23,033 6,625 4,761 2,400 1,914 1,330 2,833 8,574 1,691 3,783 186,629 |
Total funds 2024 £ 62,719 29,790 10,149 21,764 3,582 4,349 1,422 1,881 2,268 2,643 7,157 670 2,207 150,601 |
|---|---|---|
Page 18
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. Analysis of expenditure by activities (continued) Analysis of support costs
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Accountancy | 4,250 | 2,650 |
10. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 2,600 | 2,650 |
11. Staff costs
| Wages and salaries | 2025 £ 71,921 71,921 |
2024 £ 62,719 |
|---|---|---|
| 62,719 |
The average number of persons employed by the Charity during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Employees | 19 | 11 |
Page 19
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. Staff costs (continued)
No employee received remuneration amounting to more than £60,000 in either year.
Key management personnel
The key management personnel of the charity received benefits including gross salary, employers national insurance contributions and pension contributions totalling £57,947 (2024: £52,107).
12. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
Page 20
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. Tangible fixed assets
| Cost or valuation At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Freehold property £ 1,335,707 - 1,335,707 469,014 26,714 495,728 839,979 866,693 |
Equipment £ 135,754 - 135,754 133,627 532 134,159 1,595 2,127 |
Fixtures and fittings £ 93,352 59,215 152,567 81,427 9,653 91,080 61,487 11,925 |
Computer equipment £ - 2,011 2,011 - 53 53 1,958 - |
Total £ 1,564,813 61,226 1,626,039 |
|---|---|---|---|---|---|
| 684,068 36,952 721,020 |
|||||
| 905,019 | |||||
| 880,745 |
Page 21
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| 14. Fixed asset investments Cost or valuation At 1 April 2024 At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 15. Debtors Due within one year Trade debtors Other debtors 16. Creditors: Amounts falling due within one year Trade creditors Amounts owed to group undertakings Other taxation and social security Other creditors Accruals and deferred income |
2025 £ 3,953 2,197 6,150 2025 £ 2,385 10,228 2,707 3,324 15,357 34,001 |
Unlisted investments £ 5,000 |
|---|---|---|
| 5,000 | ||
| 5,000 | ||
| 5,000 | ||
| 2024 £ 7,448 598 8,046 2024 £ 2,013 16,351 3,013 1,257 5,383 28,017 |
Page 22
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
- (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
17. Retirement benefit schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The amount paid in relation to pension costs in the year totalled £2,638 (2024: £2,048), at the year end there was £1,406 outstanding. (2024: £1,257).
Page 23
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds
| Balance at 1 April 2024 £ Income £ Unrestricted funds Designated funds Fixed Asset Fund 43,151 - Fixed asset fund Represents funds for the replacement costs of fixed assets. General funds General Funds 120,343 132,347 Total Unrestricted funds 163,494 132,347 Restricted funds Capital Fund 824,885 - Millennium Stadium Charitable Trust 2,500 - Awards for All 10,000 - Community Fund - 1,000 Direct Food Support Fund - 5,000 Mynydd y Betws Fund - 15,000 Ansvar Insurance - 25,137 837,385 46,137 Total of funds 1,000,879 178,484 |
Expenditure £ - (155,710) (155,710) (31,185) - - (125) (625) (1,875) (3,142) (36,952) (192,662) |
Transfers in/out £ - (15,298) (15,298) 15,298 - - - - - - 15,298 - |
Balance at 31 March 2025 £ 43,151 |
|---|---|---|---|
| 81,682 | |||
| 124,833 | |||
| 808,998 2,500 10,000 875 4,375 13,125 21,995 861,868 |
|||
| 986,701 |
Page 24
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds (continued)
Capital fund
Capital fund relates to capital income received in prior years in relation to the centre. Depreciation is being released against this fund on an annual basis.
Millennium Stadium Charitable Trust
Funding received towards the installation of a disabled lift.
Awards for All
Funding received towards the installation of a disabled lift.
Community fund
Funding received towards a dishwasher.
Direct food support fund
Funding received towards kitchen equipment.
Mynydd y Betws fund
Funding received towards the centre refurbishment.
Page 25
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Fixed Asset Fund General funds General Funds Total Unrestricted funds Restricted funds Capital Fund Millennium Stadium Charitable Trust Awards for All Total of funds |
Balance at 1 April 2023 £ 43,151 75,314 118,465 854,675 2,500 10,000 867,175 985,640 |
Income £ - 172,767 172,767 - - - - 172,767 |
Expenditure £ - (127,738) (127,738) (29,790) - - (29,790) (157,528) |
Balance at 31 March 2024 £ 43,151 |
|---|---|---|---|---|
| 120,343 | ||||
| 163,494 | ||||
| 824,885 2,500 10,000 837,385 |
||||
| 1,000,879 |
Page 26
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
19. Summary of funds
| Designated funds General funds Restricted funds |
Balance at 1 April 2024 £ 43,151 120,343 837,385 1,000,879 |
Income £ - 132,347 46,137 178,484 Balance at 1 April 2023 £ 43,151 75,314 867,175 985,640 |
Expenditure £ - (155,710) (36,952) (192,662) Income £ - 172,767 - 172,767 |
Transfers in/out £ - (15,298) 15,298 - Expenditure £ - (127,738) (29,790) (157,528) |
Balance at 31 March 2025 £ 43,151 81,682 861,868 986,701 |
|---|---|---|---|---|---|
| Balance at 31 March 2024 £ 43,151 120,343 837,385 1,000,879 |
|||||
| Summary of funds - prior year | |||||
| Designated funds General funds Restricted funds |
20. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Restricted funds 2025 Unrestricted funds 2025 £ £ 861,868 43,151 - 5,000 - 110,683 - (34,001) 861,868 124,833 |
Total funds 2025 £ 905,019 5,000 110,683 (34,001) 986,701 |
|---|---|---|
Page 27
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
20. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Restricted funds 2024 £ 824,885 - 12,500 - 837,385 |
Unrestricted funds 2024 £ 55,861 5,000 130,650 (28,017) 163,494 |
Total funds 2024 £ 880,746 5,000 143,150 (28,017) 1,000,879 |
|---|---|---|---|
Page 28
Docusign Envelope ID: 6D2049D6-B1C1-446E-A7F2-087ECFA9A100
CANOLFAN Y MYNYDD DU THE BLACK MOUNTAIN CENTRE
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
21. Related party transactions
The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:
Name of undertaking - Siop Y Myndydd Du
Profit/(Loss) - £19,075
Capital and Reserves - £10,974
The company is a Private Limited Company by guarantee without share capital, company number 11436421. The company was incorporated on 27th June 2018.
Transactions with trading company
During the year the charity purchased goods on behalf of the trading company totalling £272,623 (2024: £190,641).
During the year the charity collected income on behalf of the trading company totalling £424,865 (2024: £318,096).
During the year the charity recharged staff and rent costs totalling £133,167 (2024: £96,858).
At the year the trading company was owed by the charity £10,228 (2024 - £16,351).
During the year, the charity incurred costs of £1,300 (2024: nil) relating to accounting services that were supplied by a company controlled by K Ogden, director of the subsidiary company.
Page 29