**Registered Charity Number 1102688 Registered Company Number 04949384**
## **THE TYN-Y-NANT CHRISTIAN CENTRE**
**Company Limited by Guarantee**
**Report and Unaudited Accounts**
**For the year ended**
**31 January 2024**
**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Reports and accounts**
## **Contents**
||Page|
|---|---|
|Trustees’ Report|3|
|Statement of Directors’/Trustees’ Responsibilities|5|
|Independent Examiner’s Report|7|
|Statement of Financial Activities|8|
|Balance Sheet
|11|
|Notes to the accounts
|12|
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2024**
## **Introduction**
The trustees present their annual director’s report and financial statements for the year ended 31 January 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association 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 2015) (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1[st] January 2019), (The SORP)
.
## **Purpose and Activities of the Charity**
The charity provides holidays for young people in a Christian environment under the name of Merseyside Christian Youth Camps (MCYC)
## **A summary of the objectives of the charity as set out in its governing document.**
The advancement of the Christian faith by the provision and use of land and premises for the worship of God. For the edification of believers in God and for the provision of facilities to further the religious, social, moral and physical wellbeing of young people and others in accordance with the basis of faith.
## **Public benefit that is provided by the charity**
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## **Summary of main activities of the charity in relation to its objects**
The last twelve months have seen us achieving our aims through weeks of Camps during the May and summer school holidays. Hundreds of children and young people were able to attend week long holidays where they could enjoy all kinds of fun activities with friends and explore the meaning and message of Christianity, all while being looked after by teams of well trained volunteers.
We have also been able to continue with our Camp Abererch activities, running a week of activities for young and old alike from the local village and further afield. These are well attended and appreciated, with various people commenting that the week is the highlight of their summer, and that there is very little else happening in the area.
We also continue to let out our site in North Wales to groups, often to church and Christian Union groups. This provides an affordable place for people to go away as groups to worship God, and also continues to provide a small but steady income for us. Throughout the year the site is also well maintained by various hardworking contractors and volunteers.
## **Plans for future periods**
We continue to look at the best ways to advertise and promote our activities, both directly to the young people who may come, and to churches and youth groups who may send groups along. We also continue to look at priorities for maintaining and improving the site, as well as ways to fundraise so that we will be able to invest in the long-term success of the charity
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2024**
## **Financial Review**
## **Policies on reserves**
Adequate reserves are maintained to fund the charity’s activities for at least three months forward.
## **Availability and adequacy of assets of the funds.**
The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Transactions and Financial position**
The Statement of Financial Activities show net outgoing resources for the year of a revenue nature of £24,762 (2023: £43,445).
The total reserves at the year- end stand at £627,053 (2023: £651,815).
## **Share Capital**
The Company is limited by guarantee and therefore has no share capital.
## **Reference and administrative details**
Date of incorporation 31[st] October 2003 Company Registration Number 04949384 The Registered Office is 13 Village Road, Higher Bebington, Wirral CH63 8PP Charity Registration Number 1102688 The telephone number is 44(0) 7774514467
## **Directors and trustees**
The directors who served on the date this report was approved and during the year were: J Norwood (Chair) M J Wright (Treasurer) Mrs J Woods Mrs J Goodwin J G Fraser N G Goodwin JDM Woods SD Smith (appointed 16 February 2023) Mrs H Petch (appointed 16 February 2023) MT Fleming (appointed 15 May 2023)
All the directors of the company are also the Trustees of the charity, and their
responsibilities include all the responsibilities of the directors under the Companies Acts and of Trustees under the Charities Act.
The Board of trustees held regular meetings across the year, with 85%+ attendance for each meeting. During the lockdown period due to the Covid pandemic the trustees have continued to have regular meetings online. Minutes from these meetings can be provided on application.
## **Nature of the Governing Documents and Constitution of the Charity**
The Organisation is a charitable company limited by guarantee, incorporated on 31[st] October 2003 and registered as a charity on 17 March 2004. The Company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Article of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2024**
## **The methods adopted for the recruitment and appointment of new trustees**
The directors of the company are also charity trustees for the purpose of charity law and under the Company’s Articles the directors are known as members of the charity. The directors are chosen to bring a wide variety of skills to the charity management.
## **Independent Examiner**
Olivia Higgins, KBH Accountants Limited, 255 Poulton Road, Wallasey CH44 4BT
## **Statement of Director’s and Trustees’ Responsibilities**
The charity trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing the financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards 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 operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statements as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approving our trustees’ annual report: There is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the independent examiner is unaware, and the trustees, having made enough enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information.
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Trustees’ report (including directors’ report) for the year ended 31 January 2022**
By order of the board of trustees This report was approved by the board of Trustees on 15 May 2024
## **Malcolm Wright Director and Trustee**
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Independent Examiner’s Report to the Trustees of the Charity**
## **Report of the Independent Examiners to the Trustees on the account of the Charity for the year ended 31 January 2024**
I report on the financial statement of the charitable company on page 8 to 19 for the year ended 31 January 2024.
This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination 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 charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.
## **Respective responsibilities of the Trustees and Examiner**
As the charity trustees, who are also directors of the company for the purpose of the company law, you are responsible for preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and under section 144(2) of the Charities Act 2011 (“the Charities Act”) and is eligible for independent examination. It is my responsibility to:
- Examine accounts under the section145 of the Charities Act;
- Follow the procedure laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
- To state whether particular matters have come to my attention
## **Basis of opinion and scope of work undertaken**
My examination was carried out in accordance to general directions given by the charity commission. An examination includes a review of accounting records, kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedure undertaken does not provide all the evidence that would be required in an audit. Consequently, no opinion is given to whether the accounts present a true and fair view and report is limited to the matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with my examination, no matters have come to my attention;
1. Which gives me reasonable cause to believe that in any material respect the requirements;
- To keep accounting records in accordance with section 386 of the Companies Act 2006; and
- To prepare accounts which accord with the accounting records and comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice: Accounting and reporting by Charities have not been met; or,
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Olivia Higgins, Chartered Certified Accountant KBH Accountants Limited, 255 Poulton Road, Wallasey CH44 4BT**
**The date upon which my opinion is expressed is: October 2024**
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## **THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED**
**Statement of Financial Activities for the year ended 31 January 2024**
||**Unrestricted**|**Restricted**|**Total**|**Last Year**|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**Total Funds**|
|Notes**2024**||**2024**|**2024**|**2023**|
||**£**|**£**|**£**|£|
|**Income**|||||
|Donations and legacies|**3**55,383|-
|55,383|35,662|
|Income from charitable activities|**4**72,226
|-|72,226|59,991|
|Income from other trading activities**5**48,240||-|48,240|32,614|
|Investment income|**6** 227|-
|227|39|
|**Total Income**|**176,076**
|**-**
|**176,076**|**128,306**|
|**Expenditure**|||||
|**Expenditure on charitable**|||||
|**activities**
|**7**166,396
|34,442|200,838|171,751|
|**Total expenditure**|**166,396**
|**34,442**|**200,838**|**171,751**|
|**Net expenditure for the year**|**9,680**|**(34,442)**|**(24,762)**|**(43,445)**|
|**Gross transfer between funds**|**-**|**-**
|**-**|**- **|
|**Net movement in funds**
|**9,680**
|**(34,442)**|**(24,762)**|**(43,445)**|
|**Reconciliation of funds:**|||||
|**Total funds brought forward**|**509,494**
|**142,321**|**651,815**|**695,260**|
|**Total funds carried forward**|**519,174**
|**107,879**|**627,053**|**651,815**|
The net movement in funds referred to above in the net incoming resources as defined in the statement of Recommendation Practice for Accounting and reporting issued by the Charity Commission for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 11 as required by the said statement.
## **All activities derive from continuing operation**
## **The notes on page 12 to 19 form an integral part of these accounts**
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## **THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Statement of Financial Activities for the year ended 31 January 2024 Analysis of prior year total funds as required by paragraph 4.2 of Statement of Recommended Practice (SORP)**
|**Recommended Practice (SORP)**||||
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
||**Funds**|**Funds**|**Funds**|
|Notes**2023**||**2023**|**2023**
|
||**£**|**£**|**£**|
|**Income**||||
|Donations and legacies|**3**35,662|-
|35,662|
|Income from charitable activities|**4**59,991
|-|59,991|
|Income from other trading activities**5**32,614||-|32,614|
|Investment income|**6** 39|-
|39|
|**Total Income**|**128,306**
|**-**
|**128,306**|
|||||
|**Expenditure**||||
|**Expenditure on charitable**||||
|**activities**
|**7**137,309
|34,442|171,751|
|**Total expenditure**|**137,309**
|**34,442**|**171,751**|
|**Net expenditure for the year**|**( 9,003)**|**(34,442)**|**(43,445)**|
|**Gross transfer between funds**|**-**|**-**
|**- **|
|**Net movement in funds**
|**(9,003)**
|**(34,442)**|**(43,445)**|
|**Reconciliation of funds:**||||
|**Total funds brought forward**|**518,497**
|**176,763**|**695,260**|
|**Total funds carried forward**|**509,494**
|**142,321**|**651,815**|
## **All activities derive from continuing operation**
**The notes on page 12 to 19 form an integral part of these accounts**
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## **THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED**
## **Statement of Financial Activities for the year ended 31[st] January 2024 Income and Expenditure Account as required by the Companies Act for the year ended 31[st] January 2024**
|**Turnover**
Direct costs of turnover
**Gross deficit**
Governance costs
**Operating deficit**
Interest receivable
**Deficit on ordinary activities before tax**
**Retained deficit for the financial year**
|**2024 2023**
**£**
**£**
175,849 128,306
195,165 167,511
**(19,316) (39,205)**
5,673 4,279
(24,989) (43,484)
227
39
**(24,762) (43,445)**
**(24,762) (43,445)**|
|---|---|
## **All activities derive from continuing operations**
**The notes on pages** _**12 to 19 form integral part of these accounts.**_
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Company Number 04949384 Balance Sheet as at 31[st] January 2024**
|**Balance Sheet as at 31st January 2024**|||
|---|---|---|
|**Notes**
**Fixed Assets**
Tangible assets
12
**Total fixed assets**
**Current Assets**
Stock
Debtors
13
Cash at the bank and in hand
**Total current assets**
**Creditors:-**
Amount due within one year
14
**Net current assets**
**Net assets**
**Creditors**
Amounts due after more than one year
15
**Total net assets**
**The funds of the charity**
**Unrestricted income funds**
Unrestricted revenue accumulated funds
17
Designated revenue funds
17
Total unrestricted funds
**Restricted revenue funds**
Restricted revenue accumulated funds
17
**Total charity funds**|
**£**
2,245
7,557
14,730
**24,532**
(21,603)||
||
||
|||
|
The directors are satisfied that the year ended on 31 January 2024 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 7.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
**MJ Wright – Trustee Approved by the board of Trustees on 15 May 2024 The notes on page 12 to 19 form an integral part of these accounts**
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
## **1. Accounting policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP(FRS 102) the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets & liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
## b) Reconciliation with previous Generally Accepted Practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was found to be necessary.
## c) Preparation of the accounts on a going concern basis
The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.
## d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.
## e) Interest receivable
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.
## f) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
## g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings - expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs and other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charitable activities. The bases on which support costs have been allocated are set out in note7.
## i) Tangible fixed assets
Individual fixed assets costing £500 or more are capitalised as cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:
|follows:||
|---|---|
|**Asset Category**|**Annual rate**|
|Freehold land|0%|
|Buildings|2% straight line for new buildings and|
||5% for refurbishments and other buildings|
|Plant, equipment, and motor vehicles 10% straight line||
## j) Stock
Stock is included at the lower of cost or net realisable value.
## k) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## l) Cash at bank and in hand
Cash at bank and cash 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.
## m) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
n) 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 loan which are subsequently measured at amortised cost using the effective interest method.
## **2 Legal status of the Trust**
The charity is a company limited by guarantee and has no share capital. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## **3 Income from donations and legacies**
|**Donations**
Gifts and donations - individuals
Gifts and donations - organisations
Recoverable taxation
Charitable Trusts
|**2024**
**2023**
**£**
**£**
22,891 25,366
6,235 5,910
6,257 4,386
20,000-
**55,383 35,662**|
|---|---|
All income arising from donations was unrestricted in both years.
The Trust benefits from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
The charity has not been notified of any legacies in the year to 31 January 2023 or the previous year.
## **4 Income from charitable activities**
|
Income from camping activities – camper’s fees
Income from camp shop
Total income from charitable activities
|**2024 2023**
**£ £**
62,369 52,620
9,857 7,371
**72,226** **59,991**|
|---|---|
All income arising from charitable activities was unrestricted.
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
## **5 Income from other trading activities**
|Site lettings to other organisations
Miscellaneous fundraising activities
|**2024**
**2023**
**£**
**£**
47,119 32,242
1,121
372
**48,240 32,614**|
|---|---|
All income arising from other trading activities was unrestricted in both years.
## **6 Investment income**
All of the charity’s investment income of £227 (2023: £39) arises from money held in interest bearing deposit accounts.
## **7 Analysis of expenditure on charitable activities**
|
Direct cost of charitable activities
Premises running costs
Depreciation
Governance costs (see note 8)
Support costs (see note 8)
Total
|**2024 2023**
**£ £**
54,643 49,952
69,465 57,592
34,442 34,442
5,673 4,279
36,615 25,486
**200,838 171,751**|
|---|---|
Expenditure on charitable activities was £200,838 (2023: £171,751) of which £166,396 was unrestricted (2023: £137,309) and depreciation of £34,442 was restricted (2023: £34,442)
## **8 Analysis of governance and support costs**
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance cost, the remaining support costs together with the governance costs are allocated to the charitable activities undertaken (see note 7) in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs.
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
## **Analysis of support and governance costs**
|**General support**|**General support**|**Governance**|**Total**|**Basis of**|
|---|---|---|---|---|
|||**Function**||**apportionment**|
||**£**|**£**|**£**||
|Salaries, wages and|||||
|related costs
|15,000|-
|15,000|Allocated on time|
|Office and administration|18,082|-|18,082|As incurred|
|Independent Examiner|-|750
|750|Governance|
|Interest charges|3,533|-|3,533|Allocated on time|
|Legal and other|||||
|professional fees
|-|4,923
|4,923|Governance|
|Total
|**36,615**|**5,673**
|**42,288**||
All support and governance costs were unrestricted in both years.
## **9 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel.**
|Centre Management fees
|
|**2024**
**2023**
**£**
**£**
15,000 14,400
**15,000 14,400**|
|---|---|---|
The charitable company had no employees in the year therefore there are no employees with employee benefits in excess of £60,000 (2022: nil). The Centre manager is employed on a consultancy basis.
The charity trustees were not paid personally or received any other benefits from employment with the charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustees received payment for professional or other services supplied to the charity - except as disclosed in note 16
## **10 Staff Numbers**
The average monthly head count was nil staff (2023: nil staff) and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were also nil.
## **11**
## **Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
## **12 Tangible functional fixed assets**
|||**Freehold**|**Plant**|**Total**|
|---|---|---|---|---|
|||**Land and**|**machinery and**||
|||**Buildings**|**motor vehicles**||
|||**£**|**£**|**£**|
||Cost:||||
||As at 1 February 2023
|1,164,009|153,544|1,317,553|
||Additions|-|-|-|
|||_________________________________________|||
||As at 31 January 2024|1,164,009|153,544|1,317,553|
||Depreciation:||||
||As at 1 February 2023
|470,214|149,845|620,059|
||Charge for the year
|33,842|600|34,442|
|||_______________________________________|||
||As at 31 January 2024
|504,056|150,445|654,501|
||Net book value||||
||As at 1 February 2023
|693,795|3,699|697,494|
||As at 31 January 2024
|**659,953**|**3,099**|**663,052**|
||Freehold land at cost included above not depreciated
|||9,194|
|**13**|**Debtors**||||
||||**2024**|**2023**|
||||**£**|**£**|
||Other debtors and gift aid tax||7,557|1,300|
||||**7,557**|**4,800**|
|**14**|**Creditors: amounts falling due within one year**||||
||||**2024**|**2023**|
||||**£**
|**£**|
||Loan from charitable trusts||9,763|8,291|
||Accrued expenses and prepaid|income|11,840|7,669|
||||**21,603**|**15,960**|
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## **THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
|**Lettings**
**Camp Fees**
**2024**
**2024**
**£**
**£**
**Deferred income**
Balance at 1 February 2023
1,590 -
Released to income in the year (1,590) -
Received in respect of 2025
charitable activities
- -
**Deferred Income at**
**31 January 2024**
**--**
**15**
**Creditors: amounts falling due after one year**
Loans from charitable trusts
Amounts falling due for payment after more
than five years
|**Lettings**
**Camp Fees**
**2024**
**2024**
**£**
**£**
1,590 -
(1,590) -
- -|**Total** **Total**
**2024**
**2023**
**£**
£
5,186 5,186
(5,186) (5,186)
-1,590
**- 1,590**
**2024 2023**
**£ £**
**38,929 48,757**
-9,102|
|---|---|---|
||**--**
||
The mortgage is secured by a charge over the land and property owned by the company. The balance of the mortgage at 31 January 2024 was £42,650 (2022: £51,115)
Interest payable on the loans in the year amounted to £3,533 (2023: £2,514)
## **16 Related party transactions**
The charitable company has a 5 year low interest loan from Merseyside Evangelistic Trust (MET). One of the trustees, MJ Wright is also a trustee of Merseyside Evangelistic Trust. The balance of the loan outstanding at 31 January 2024 was £6,042 (2023: £5,917). The trustees of MET have granted a repayment holiday until there is a resumption of trading activity or 1 April 2024 whichever is sooner.
Elpizo Limited provided accountancy, taxation and gift aid reclaim services during the period. The cost of these services (including irrecoverable VAT) was £3,541 (2023: £3,529). MJ Wright is the director of Elpizo Limited.
Cost of services in the period was – gift aid recovery £168 (2023: £240), bookkeeping £2,400 (2023: £2,400), filing confirmation statement and SAGE licence £301, accounts preparation £672 (2023: £588)
The balance owing to Elpizo Limited at 31 January 2023 was £2,280 (2023: £2,148)
18 | P a g e
**THE TYN-Y-NANT CHRISTIAN CENTRE LIMITED Notes to the Accounts for the year ended 31 January 2024**
## **17 Analysis of charitable funds - analysis of movements in funds**
|General fund
Designated
bursary fund
Restricted funds
**Total**
|
|**Balance**
**Funds**
**1 February Income Expenditure Transfers**
**31 January**
**2023**
**2024**
**£ £**
**£**
**£**
**£**
508,334 176,076 (166,396) 1,160 519,174
1,160
- (1,160) -
142,321
-
(34,442)
-
107,879
695,260 176,076 (200,838)
-
627,053|
|---|---|---|
||||
## **Purpose of the Funds**
**General fund** - Unrestricted funds that can be expended at the discretion of the trustees in furtherance of the objects of the charity.
**Restricted fund** – Grants and donations received for the various building projects
## **18 Analysis of net assets between funds**
|**General Designated Restricted Total**
**Fund Fund Fund**
**£**
**£**
**£**
**£**
Tangible fixed assets
498,125
- 164,927 663,052
Cash at bank and in hand
14,730 - - 14,730
Other net current assets/(liabilities)6,319
-
(57,048) (50,729)
**Total**
**519,174**
**- 107,879 627,053**|**General Designated Restricted Total**
**Fund Fund Fund**
**£**
**£**
**£**
**£**
Tangible fixed assets
498,125
- 164,927 663,052
Cash at bank and in hand
14,730 - - 14,730
Other net current assets/(liabilities)6,319
-
(57,048) (50,729)
**Total**
**519,174**
**- 107,879 627,053**|**General Designated Restricted Total**
**Fund Fund Fund**
**£**
**£**
**£**
**£**
Tangible fixed assets
498,125
- 164,927 663,052
Cash at bank and in hand
14,730 - - 14,730
Other net current assets/(liabilities)6,319
-
(57,048) (50,729)
**Total**
**519,174**
**- 107,879 627,053**|
|---|---|---|
||
|
**519,174**
**- 107,879 627,053**|
## **Analysis of net assets between funds – previous year**
||**General Designated**|**General Designated**|**Restricted**|**Total**|
|---|---|---|---|---|
||**Fund**|**F und**|**Fund**||
||**£**|**£**|**£**|**£**|
|Tangible fixed assets
|498,125|-|199,369|697,494|
|Cash at bank and in hand
|15,059|1,160|-|16,219|
|Other net current assets/(liabilities)(4,850)||-|(66,088)|(61,898)|
|**Total**
|**508,334**|
**1,160**|**142,321**|**651,815**|
19 | P a g e