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← Melin Community Trust

2024-10-31-accounts

Charity registration number 1111450

Company registration number 04572382 (England and Wales)

MELIN COMMUNITY TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

MELIN COMMUNITY TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs G Cox Mr M Horrigan Ms J Wales Mrs J Rees Mr R Milner (Appointed 1 July 2024) Mr J Leonard (Appointed 1 July 2024) Secretary Mr J Leonard Charity number 1111450 Company number 04572382 Registered office Melin Advice Centre 80 Briton Ferry Road Melincryddan Neath SA11 1AP Independent examiner WBV Limited The Third Floor Langdon House, Langdon Road SA1 Swansea Waterfront Swansea Wales SA1 8QY

MELIN COMMUNITY TRUST

CONTENTS

Page
Trustees report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 18

MELIN COMMUNITY TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024

The trustees present their annual report and financial statements for the year ended 31 October 2024.

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

The charity's objects and principle activities are to:-

Promote the benefit of the inhabitants of the Melin and Neath cluster and the neighboring area together defined by the boundaries of the County Borough of Neath and Port Talbot, to advance the area of benefit economically, socially, environmentally, culturally and through the provision of opportunities.

Promote urban regeneration for the benefit of the inhabitants of Melin/Neath cluster and neighboring areas.

Encourage participation of the inhabitants in the regeneration of the community.

Public benefit

The trustees have had due regard to public benefit and consider that each of the activities that the charity is engaged within helps promote the aims of the charity in respect of improving the conditions of the life of the inhabitants of Melincryddan and the county of Neath Port Talbot as defined below.

Activities

The main activities for the year continue to focus on the charity's objectives and included the following:-

The Melin Advice Centre:

This is central to our everyday running. The centre is open five days a week to help advise/support our communities as best we can.

DIY Store:

The DIY Studio is based at our Payne Street venue. This facilitates the learning of basic DIY skills so users are able to do maintenance to their own homes to prevent the expense of tradesmen, and keep costs low.

T echnology classes:

The promotion and facilitation of digital inclusion for people of all ages to access free 1-2-1 classes to help with any tech needs, whether that be learning to use a mobile phone or a laptop.

Environmental Projects

The charity continues to support the work of environmental organisations and has become a litter picking hub, and now has an ecofriendly and sustainable garden project to inhabit bees and bug hotels to promote regeneration. Our garden club helps us manage and maintain the new garden.

ALD Groups

The MCT work alongside adults with learning difficulties and their carers to help build relationships and confidence among the group. The project was designed to provide care and support to carers as well as providing a base that is familiar for the adult with learning needs to socialize and build friendships with additional needs.

MELIN COMMUNITY TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

Adult Literacy Classes

The charity works alongside NPT Adult Learners to help facilitate a base for adults to learn reading, writing, and numeracy skill and qualifications.

Mens Support Group

Every Tuesday the MCT opens its doors to a men's only support group that is volunteer lead. The group has become very popular and aims to cut down isolation and loneliness and sets about men opening up in a confidential safe space.

Lets Talk About Music

Therapeutic music mental health support group, where open debates on music choices help with building confidence, friendships, and inadvertently helps with depression, anxiety and mental health issues.

Art Class

Every Tuesday evening the MCT host art classes where our volunteer teaches how to paint with various paints and different styles explaining all the details that are required to help paint the perfect painting, building on skills and creating cohesion with our community.

Working with volunteers and volunteering

The recruitment, training and support of all our volunteers in all projects with emphasis on volunteer involvement in the design and operation of those activities, building confidence, skills and employability of volunteers according to their needs and ambitions.

Achievements and performance

Significant activities and achievements against objectives

The charity has a desire for continuing improvements and effectively demonstrating good practice.

The charity has a mission statement which is as follows:

"Our mission is to work with individuals and groups to identify and build on their strengths and to enhance community wellbeing through active participation, volunteering, engagement and empowerment."

The board of trustees meets monthly excluding December including the AGM and has additional training meetings to plan for future developments. The executive group which includes the Chair, Vice Chair, Treasurer and the Manager meet as required, and reports at the following meeting.

The Melin Advice Centre: Our purpose-built advice centre continues to be an invaluable asset to the charity and the community we serve. Since our inception, having an advice centre has been central to all the charity's activities. Not only does it provide a base for giving direction to the public where they may seek advice and make other community-linked activities, with 60-100 participants each week. Further, because our community told us it was needed, it also demonstrates very clearly our beliefs in the "bottom-up" community-led approach and our readiness to help realise community aspirations.

The DIY Studio facilitates the community learning basic DIY skills for in and around their homes, to prevent them having to pay for tradesmen at a high cost and to enable them to learn new skills as well as socialize and gain confidence in their abilities.

Health and wellbeing initiatives: The MCT continues to support the Melin Walkers and has created additional support services that include the Mens Support Group, The Friendship Group, and Gardening Club. This continued support sees many people utilizing our services from many catchment areas within Neath Port Talbot. We thrive to enhance the wellbeing of our service users, and have put workshops and courses in place to enable them to work on their mental wellbeing and general health and welfare

MELIN COMMUNITY TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

Community Safety Initiatives: The MCT regularly pays host to local councilors surgery meetings which allows residents to voice their concerns or opinions on how they wish their communities to be run. The MCT also hold weekly 'cupper with a copper' in which the local PSCO's attend the centre and allow residents to approach them with any issues

Community Events: The MCT hosts annual Christmas fetes in the month of December where each child that attends gets the opportunity to meet Santa and receive a small gift. In turn we have small local businesses set up in the venue to sell handmade items. All the money we receive for this goes back into the charity to continue with our mission statement.

Environment: The ever-growing concern for climate change and the environment around us has enabled us to become a litter picking hub and work closely with Keep Wales Tidy for local projects and group cleans. We have recently developed a community garden which helps with the regeneration of bees and wildlife.

Help for people claiming benefits: The charity continues to support the provision of welfare rights and advice, and provides help in overcoming barriers that people often face when trying to seek help and support with paperwork.

Employment responsibilities: The MCT employs 2 full-time members of staff and has 7 regular volunteers. There are no plans to increase the size of the workforce at present thanks to the regular volunteers that devote their time to the centre.

Financial review

Going concern

The MCT is working to improve its position with regard to funding. This has been achieved via an increase in applications submitted and a more strategic approach to financing the needs of the organisation. We have improved our governance with a revision of our policies and procedures and introduction of many new ones, and regular financial reports at our monthly board meetings.

A strong business plan and strategies are now in place and will be continually reviewed and updated to meet ever changing opportunities and challenges

Reserves policy

The MCT will always ensure 3 months running costs are available in addition to wind up fees and at least £1,000 for unforeseen expenses.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a Charitable Company limited by guarantee, incorporated on 24th October 2002 and registered as a charity on 26th September 2005. The company was established under a Memorandum of Association, which established the objectives and powers of the Charitable Company and is governed under its Articles of Association.

MELIN COMMUNITY TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs G Cox Mr M Horrigan Mr A Jenkins (Resigned 16 December 2024) Ms J Wales Mr A Jones (Resigned 8 July 2024) Mrs J Rees Mrs H Stickley (Resigned 16 December 2024) Mr R Milner (Appointed 1 July 2024) Mr J Leonard (Appointed 1 July 2024)

Recruitment and appointment of trustees

The number of trustees is subject to a maximum of twenty and a minimum of five.

A Trustee can be appointed at an general meeting if

(1) they are recommended by the trustees; or

(2) not less than fourteen nor more than thirty five days before the meeting, notice executed by a member qualified to vote at the meeting has been given to the charity of the intention to propose that person for appointment.

Trustees must be at least eighteen years of age and cannot have been disqualified from acting under the

provision of Article 38.

Notice of between seven and twenty eight days before the general meeting must be given of any person

who is recommended by the trustees for appointment as a trustee.

The charity may by ordinary resolution appoint a person who is willing to act to be a trustee, subject to

the above conditions.

One third of the trustees must retire and be re-appointed at every annual general meeting. The trustees retiring by rotation are those that have been longest in office since their last appointment or reappointment.

A new trustee appointed will only hold office for one year and must be re-appointed in the following annual general meeting. These trustees are not taken into account when deciding the trustees to retire by rotation.

The trustees report was approved by the Board of Trustees.

Mrs G Cox

Trustee

13 March 2025

MELIN COMMUNITY TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MELIN COMMUNITY TRUST

I report to the trustees on my examination of the financial statements of Melin Community Trust (the charity) for the year ended 31 October 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

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 financial statements to be reached.

Richard N Chapple ACCA WBV Limited

The Third Floor Langdon House, Langdon Road SA1 Swansea Waterfront Swansea SA1 8QY Wales

Dated: 13 March 2025

MELIN COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2024

Unrestricted
Restricted
Total
Unrestricted
Restricted
funds
funds
funds
funds
2024
2024
2024
2023
2023
Notes
£
£
£
£
£
Income from:
Donations and legacies
3
642
55
697
713
-
Charitable activities
4
200
24,525
24,725
2,200
61,025
Investments
5
8,020
-
8,020
6,414
-
Total income
8,862
24,580
33,442
9,327
61,025
Expenditure on:
Raising funds
6
14,415
-
14,415
14,949
-
Charitable activities
7
73
45,821
45,894
76
48,138
Total expenditure
14,488
45,821
60,309
15,025
48,138
Net income/(expenditure)
(5,626)
(21,241)
(26,867)
(5,698)
12,887
Transfers between
funds
(12,649)
12,649
-
(3,155)
3,155
Net movement in
funds
9
(18,275)
(8,592)
(26,867)
(8,853)
16,042
Reconciliation of funds:
Fund balances at 1 November
2023
24,732
56,986
81,718
33,585
40,944
Fund balances at 31 October
2024
6,457
48,394
54,851
24,732
56,986		 Total
2023
£
713
63,225
6,414
70,352
14,949
48,214
63,163
7,189
-
7,189
74,529
81,718

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

MELIN COMMUNITY TRUST

BALANCE SHEET

AS AT 31 OCTOBER 2024

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Restricted income funds
17
Unrestricted funds		 2024
£
4,123
13,632
17,755
(3,261)		 £
40,357
14,494
54,851
54,851
48,394
6,457
54,851		 2023
£
5,344
40,349
45,693
(5,695)		 £
41,720
39,998
81,718
81,718
56,986
24,732
81,718

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 13 March 2025

Mrs G Cox Trustee

Company registration number 04572382 (England and Wales)

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

1 Accounting policies

Charity information

Melin Community Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Melin Advice Centre, 80 Briton Ferry Road, Melincryddan, Neath, SA11 1AP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2 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.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

1 Accounting policies

(Continued)

1.5 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 are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line
Plant and equipment 20% reducing balance
Fixtures and fittings 15% reducing balance
Computers 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 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.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
642
55
Income from charitable activities
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Performance related
grants
200
24,525		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
697
713
-
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
24,725
2,200
61,025		 Total
2023
£
713
Total
2023
£
63,225

4 Income from charitable activities

Performance related grants analysis

Garfield Weston Foundation
The Waterloo Foundation
Swansea Bay University Health Board
The Moondance Foundation
The Foyle Foundation
The National Lottery Community Fund
Other
The Baily Thomas Charitable Fund
Neath Town Council		 2024
£
5,000
-
17,525
-
-
-
-
2,000
200
24,725		 2023
£
5,000
5,000
7,035
25,000
6,000
8,518
6,672
-
-
63,225

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Rental income 8,020 6,414

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

6 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Seeking donations, grants and legacies 14,415 14,949
7 Expenditure on charitable activities
2024 2023
£ £
Direct costs
Staff costs 37,942 36,666
Depreciation and impairment 1,363 1,385
Postage and stationery 530 409
Subscriptions and licences 145 172
Rates and water 1,004 756
Therapeutic drumming - 210
DIY project 80 5,111
Wellbeing workshops - 600
Training 779 -
Art classes 582 -
42,425 45,309
Share of support and governance costs (see note 8)
Support 3,469 2,905
45,894 48,214
Analysis by fund
Unrestricted funds 73 76
Restricted funds 45,821 48,138
45,894 48,214

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

8 Support costs allocated to activities

Rent
Insurance
Light and heat
Repairs and maintenance
Sundries
Leasing costs
Telephone
Governance costs
Analysed between:
Raising funds
Charitable activities
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2024
£
5,180
1,274
3,329
2,183
789
533
1,127
3,469
17,884
14,415
3,469
17,884
2024
£
3,373
1,363		 2023
£
3,513
1,481
4,279
2,102
864
691
2,019
2,905
17,854
14,949
2,905
17,854
2023
£
2,809
1,386

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Administrative staff 2 2

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

11
Employees
Employment costs
Wages and salaries
Other pension costs		 (Continued)
2024
2023
£
£
37,200
35,928
742
738
37,942
36,666		 (Continued)
2024
2023
£
£
37,200
35,928
742
738
37,942
36,666
36,666

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings
Plant and
equipment
Fixtures and
fittings
Computers
£
£
£
£
Cost
At 1 November 2023
62,009
7,455
5,524
18,512
At 31 October 2024
62,009
7,455
5,524
18,512
Depreciation and impairment
At 1 November 2023
21,083
7,073
5,112
18,512
Depreciation charged in the year
1,240
61
62
-
At 31 October 2024
22,323
7,134
5,174
18,512
Carrying amount
At 31 October 2024
39,686
321
350
-
At 31 October 2023
40,926
382
412
-		 Total
£
93,500
93,500
51,780
1,363
53,143
40,357
41,720

The building was purchased by Melin Community Trust in 2007 from NPTCBC.

If the charity decides to sell the building it is committed to ensure that the building is put back into the community and hence is still available for use by the Melin residents.

14 Debtors

Debtors
2024 2023
Amounts falling due within one year: £ £
Prepayments and accrued income 4,123 5,344

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

15 Creditors: amounts falling due within one year

15
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
506
-
2,755
3,261
2024
£
742		 2023
£
3,158
737
1,800
5,695
2023
£
738

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.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources Transfers At 31 October
November resources expended 2024
2023
£ £ £ £ £
- - - - -
Garfield Weston Foundation - 5,000 (1,742) - 3,258
Swansea Bay University Health
Board - 17,525 (12,992) - 4,533
The Moondance Foundation 6,998 - (6,998) - -
The Foyle Foundation 728 - (728) - -
The National Lottery
Community Fund 7,639 - (6,379) - 1,260
The Prince of Wales 1,988 - (1,988) - -
The Baily Thomas Charitable
Fund - 2,000 (1,000) - 1,000
Donations - 55 (55) - -
Technology Centre 39,252 - (1,229) - 38,023
Marquee Trust 312 - (47) - 265
May Day Trust 69 - (14) - 55
Other charitable expenditure - - (12,649) 12,649 -
56,986 24,580 (45,821) 12,649 48,394

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

17 Restricted funds (Continued)
Previous year: At 1 Incoming Resources **Transfers ** At 31 October
November resources expended 2023
2022
£ £ £ £ £
- - - - -
Garfield Weston - 5,000 (5,000) - -
The Waterloo Foundation - 5,000 (5,000) - -
Neath Port Talbot - 300 (300) - -
Song & Rhyme - 760 (760) - -
Swansea Bay - 7,035 (7,035) - -
Moondance - 25,000 (18,002) - 6,998
West Glamorgan Crimebeat - 912 (912) - -
The Foyle Foundation - 6,000 (5,272) - 728
National Lottery - 8,518 (879) - 7,639
The Prince of Wales - 2,500 (513) - 1,988
Technology Centre 40,490 - (1,238) - 39,252
Marquee Trust 367 - (54) - 313
May Day Trust 87 - (18) - 69
Other charitable expenditure - - (3,155) 3,155 -
40,944 61,025 (48,138) 3,155 56,986

The purpose of the restricted funds are detailed below;

Garfield Weston Foundation

This was core cost funding for the Melin Advice Centre.

Swansea Bay University Health Board This was funding for ALD crafty potters.

The Moondance Foundation This was core cost funding for the Melin Advice Centre.

The Foyle Foundation This was core cost funding for the Melin Advice Centre.

The National Lottery Community Fund This was funding for Art classes.

The Prince of Wales This was funding for the DIY workshop classes.

The Baily Thomas Charitable Fund This was funding for ALD crafty potters.

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources Transfers At 31 October Transfers At 31 October
November resources expended 2024
2023
£ £ £ £ £
General funds 14,751 8,862 (14,488) (12,649) (3,524)
Designated maintenance fund 8,981 - - - 8,981
Designated redundancy
contingency fund 1,000 - - - 1,000
24,732 8,862 (14,488) (12,649) 6,457
Previous year: At 1 Incoming Resources Transfers At 31 October
November resources expended 2023
2022
£ £ £ £ £
General funds 23,604 9,327 (15,025) (3,155) 14,751
Designated maintenance fund 8,981 - - - 8,981
Designated redundancy
contingency fund 1,000 - - - 1,000
33,585 9,327 (15,025) (3,155) 24,732

19 Transfers between funds

During the year the charity has transferred unrestricted funds to various restricted funds for matched funding.

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 October 2024:
Tangible assets
2,013
38,344
Current assets/(liabilities)
4,444
10,050
6,457
48,394		 Total
2024
£
40,357
14,494
54,851

MELIN COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024

20 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 October 2023:
Tangible assets 2,086 39,634 41,720
Current assets/(liabilities) 22,646 17,352 39,998
24,732 56,986 81,718

21 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).