ST MADOC CHRISTIAN YOUTH CAMP Report of Trustees and UNAUDITED FINANCIALSTATEMENTS For the Year Ended 31" December 2023 11111111111 •lj5EG• 141Wd024 COMPANIES HOUSE
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number: 1118509 Forthe Year Ended 31° December 2023 CONTENTS Pa Report of the Tnjstees 2to7 Independent Examiner's Report Statement of Financial Activities Balance Sheet io Notes to the Financial Ststements Ilto17
ST MADOC CHRISTIAN YOUTH CAMP For the Year Ended 314 December 2023 Re8lStered Company Number.. 5796297 Registered Charity Number: 1118509 REPORT OF THE TRUSTEES For the Year Ended 31 December 2023 The trustees. who are also directorsof the charityforthe purposes of the Companie5 Act 2IJ06. present their report with the financial statements of the charity for the year ended 31 December 2023. This report meets the requirements for a Directors. Report for Companies Att purposes. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to tharities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021, leffertNe l January 20151. The financial statements have been prepared in accordance with the 3ccounting policies set out in the notes to the accounts and comply with the charity's governing document. the Charities Act 2011. Companies Act 2006 and Accounting and Rewrting 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 IFRS 1021. leffectNe l January 20151- OWECTIVES AND ACTWMES The charity's objects and principal artNity are to: • Provide a centre used for the development of youth and other groups from churches. clubs. sthools. sporting associations. youth groups and other organisations operating through the application of Christian principles. To further the objectives. St Madoc Christian Youth Camp may: Provide a centre for confefences, training and holidays. Provide suitable accommodation to achieve the charity's objects. Obtain. collect and receive monies by way of fee5, Contributions. donations. legacies. grants and loan5 and any other lawful method Issue, print, publish and circulate any reports, leaflets, documents and publitations Affiliate or become affiliated with any organisation or institution in order to achieve the main purpose of the charity Complete arry other lawful things necessary to further the objetts of the charity- ACHIEVEMENT AND PERFORMANCE The Trustees have considered the Comrnission's Guidance on public benefit when wn5idering the chèrity's activities for the year. We have fulfilled the Charities objetts in 2023 to the best of our abilitywhile Buest numbers increased" steadily ofter the Covid-19 Pandemic. We also saw groupsfrom churches. clubs, sporting organisations and youth groups return. atthouEh guest numbers were still notably lower than pre-pandemic level5. Schools In 2023, we welcomed 22 school groups with numbers slightly rising from 2022. We have seen a rise in enquiries from new schools following the 2023 school season. For 2024. we will be back to welcoming school groups with a rninimum of 35 pupils per group.
ST MADOC CHRISTrAN YOUTH CAMP Registered Company Number- 5796297 Registered Charity Number: 111851YJ For the Year Ended 31° December 2023 Church & Youth Grou Church youth groups are similarto lastyear. although we have seen an increase in church cancellations due to group numbers still not as they were pre-pandemic. Volunteer5 While employing full-timelpart time staff the charity also has numerous volunteer helpers who are responsible forthe support of many activities in the Charity. It is not possible to place a monetaryvalue on the contributions made byvolunteers nor are figures available that show how many hours of service they provide. Cha lain Trial In March 2023 Mick Ellor Stood down as a Trustee to undertake a projert to pilot the introduction of a part-time Christian Chaplain at St Madoc. This involved- Providing a Christian assembly for over IOW children who visfted St Madoc with their schools. Introducing a month Praise and Worship service in the Chapel during the summer months. Telling the Easter Story at the Easter Fun Day. Visiting schools to lead assemblies to continue the relationship with St Madoc. The project will be evaluated after one year in Spring 2024. Performance We hosted 112 groups in 2023. a slight increase from 2021122 and above the average from the previous five years. We have potential to increase group numbers during the winter months for 2023. During 2023 the Avtumn/Winter months 40% of our total groups visited compared to our Springlsummer months at 60%. Occupancy is at 35% spread across the year. which reflects the need to increase the level of occupancy in the colder months. 2023 2022 2021 2020 2019 2018 GROUF5 CHURCH YOUTH CHURCH ADULT 17 18 13 14 35 24 YOUTH GROUPS SCHOOLS COLLEGEIUNI STUDENTS 22 17 23 32 SPORnNG/MUSIC COMMUNITY WEDDING OTHER 53 52 36 58 TOTAL 112 106 95 42 117 102 31Page
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number= 1118509 For the Year Ended 31° December 2023 We have seen the return of our core cl*ntele of Sc1KlS. church and youth groups, we hope to increase this within the next few years. Residential Su rt Fund The Residential Support Fund supported 290 pupils in 2023. All donations are gratefully received and help us provide a great facility for our young guests: such help aid5 us in our attempts to promote a greater understanding of the need to look after ourselves and others through healthy lifestyles, caring for the environment and building self-confidence and self-worth. We managed to raise 29% of the £15,467 needed to provide this fund. the remaining cost was covered bythe St Madoc Centre through our income. Finding grants to help with the subsidy is proving tough each year especialty sinte all pupils now receive free school meals. It is hard to clarify wrth schools which pupils need our support. Going into 2025 we will be introducing an application protess where we will limit our placements to allow us to help those we can. We are also grateful to our many local and national partners this year, including: A Rocha, Thirtyone:Eight, Énvironment Wales. SCVS. Swansea Rural Action. Tourism Swansea Bay. Vislt Wales. To all who visit. support and work with us. we are grateful, and we look forward to seeing many of you again. FINANCIAL REVIEW Financial osition The total incoming resourtes for the year were £201.121 with total expenditure of £238.558 resulting in a deficit for the period of £37.437. The accounts have been prepared on an accruals basis. Investment oli and ob-ectives Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees see fit. The charity ha5 no long-term investments. The current policy is to retain any funds that become available in short term bank deposits. Resen4es The trustees have examined the level of reserves held at the year-end in light of the main ri5k5 facing the organisation. A policy has been established to maintain sufficient free reser¥es equivalentto meet- 'the immediate needs of the charity in the event of a servits interruption. The free reserves of a charity represent the funds that are freely available to spend. In calculating the free reserves the trustees have deducted from the total of unrestricted funds any funds designated at the year end and the net book value of the freehold property and other tangible fixed assets as detailed in the accounts after adjusting for associated borrowing. The policy is reviewed by the trustees on an on8oing basis. oin conc Having considered budget and cash flow projections for the next tWee months, the Trustees are confident that the Trust will continue to meet its liabilities as they fall due for the foreseeable future and consider that there are no material uncertainties about the Tnjst's abilrty to continue as a going
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number: 1118509 For the Year Ended 31° December 2023 concern: It is therefore considered appropriate by the Trustees to prepare the financial statements on a going cOnrn basis. STRUCVURE. GOVER14ANCE AND MANAGEMENT Governin document St Madoc Christian Youth Camp is a charitsble company limited by guarantee incorporated on 26th April 2006 and registered a5 a charity on 23rd March 2(K17. The company was established under a Memorandum of Association which established the objects and powers of the ch3ritable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10. Recruitment and a ointment of new trustees The directors of the company are also charity trustees for the purposes of charity law. Persons appointed other than a trustee retiring by rotation shall be appointed at any general meeting and rnust be recommended by a serving. trustee. Trustees retirinE by rotation, if willing to do so. are deemed to be reappointed at the general meeting to fill any vacancie5 unles5 Otherwise resolved at the meeting. Under the requirements of the Memorandum and Articles of A5$0ciation a third of trustees are required to retire by rotation at the Annual General Meeting. Or anisational structure The board of trustees are accountable to make well considered deci5i0n5 regardinE the organisation. Induction and trainin of new trustees New trustees undergo an orientation to advise them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association. the organisational structure and the decision-making pro55. the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external trainin8 event5 where these will facilitate the undertaking of their role. Ke mana ement remuneration The board of Trustees together with the Camp Manager are considered to be the key management personnel of the charity. No Trustee remuneration or other benefits were paid in the year. Details of Trustee expenses and related party transartions are disclosed in the notes Risk mana ement The trustees have conducted a review of the major ri5k5 to which the charity is exposed. A risk register has been established and 15 updated annually. Where appropriate. systems or procedures have been established to mitigate the risk the charity faces. These pnxedures are periodically reviewed to ensure they continue to meet the needs of the charity. Safe uardin Poli As a Youth Group Organisation. the safety of all our users is ourtop priority. We are committed to the protection and safeguarding of children, other young people and vulnerable adults who the visit the Centre. Our policy will be renewed and updated if needed to comply with current policies and guidelines.
ST MADOC CHRISTIAN YOUTH CAMP For the Year Ended 31 December 2023 Registered Company Number: 5796297 Registered Chority Number: 1118509 To view our complete policy please visit our website at: htt ¥AW•V.Stmadoc.co.u aboutU5 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number." 5796297 (England and Wales) Registered Charity number- 1118509 Registered offite: Llanmadoc Gower Swansea SA3 IDE Trustees: Rev J Davies Ichair)- resigned 01.09.23 S Ashelby (acting chair from 01.09.231 G McGill S McGlashan S Simukoko M Ellor- resigned 28.02.23 David Davies- appointed 29.01.22 Daniel Marks- appointed 05.05.22 Company Secretary: G McGill Independent examiner- Nicola Lewis EasyBooks Wales Ltd Unit 4 0ra8on 24 North Dock Llanelli SA15 2LF Bankers: Lloyds Bank Oxford Street SWANSEA SAI 9FS E¥em n for com an name In accordance with section 60111 of the Companies Art 2006, the company is exempt from the requirements of the Companies Act to include "limited" as part of its name. 61 Page
ST MADOC CHRISTIAN YOUTH CAMP For the Year Ended 31" Oecember 2023 Registered Company Number.. 5796297 Registered Charity Number: 1118509 STATEMENT OF TRUSfEES RESPONSI8ILmES The trustees (who are also the directors of St Madoc Christian Youth Camp for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Untted Kingdom Generally Accepted Accounting Practice}. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charrtable company and of the incoming resources and application of resources, includin8 the income and expenditure, of the charitable company for that period. In preparing those financial statements. the trustees are required to select suitable accounting policies and then apply them consistently* observe the methods and principles in the Charity SORP- make judgements and estimates that are reasonable and prudent,- prepare the financial statements on the Boing concern basis unless it is inappropriate to presume that the charitable company will continue in buslne55. The trustees are responsible for keeping proper accounting rewrds which disclose with rea50nable accuracy at any time the financial position of the charttable company and to enable them to ensure that the financial statement5 comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. Thi5 report has been prepared in accordance wtth the special provi5ion5 of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on.... . and signed on it5 behalf by- S Ashelby- Trust 71Pa8e
ST MADOC CHRISTIAN YOUTH CAMP For the Year Ended 31 DÈcember 2023 Registered Company Number.. 5796297 Registered Chartty Number: 1118509 Inde endent Examiner's Re ort to the Trustees of St Madoc Christian Youth Gimp I report on the accounts ofthe Company for the year ended 31" December 2023. which are set out on the following pages. Respertfve re5pon5ibilities of trtee5 and exominer The company's trustees are responsible for the preparation ol the accounts, and they consider an audit is not required for this year (under sectKin 1441 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to- examine the actounts (under section 145 of the Charities Act),. to follow the procedures laid down in the General Direction5 gtven by the Charity Commissioners lunder section 1451511bl of the Charities Actl,. to state whether particular matters have come to my attentlon. Bos oflndependent examlner's relrt My examination was carried out in accordance with the General Dirertions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of onv unusual items or disclosures in the accounts and seeking explanations from you as dirertors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the view given by the accounts. Inde endent examiner's ststemefit In connection with my examination, no matter has come to my attention- 11} Which gives me reasonable cause to believe that in any material respert the requirements a. to keep accountinE records in accordance with sertion 386 & 387 of the Charities Act. nd b. to prepare accounts which accord with the accounting records. comply with the accounting requirements of Section5 394 and 395 of the Companies Act 20)6 and with the methods and principles of the Statellnt of Recomrnended Practice.. Accounting arKI Reporting by Charitie5 have not been met,- or 121 To which. in my opinion. attention should be drawn in orderto enable a proper understandin8 of the accounts to be reached. Signed Nicda Jayne Lewis Date 13 August 2024
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number: 1118509 For the Year Ended 31" Oecember 2023 STATEMENT OF FINANCIAL ACTIVITIES For the p8ri(Kl 8r•Jed 31st tkcember 2023 Unrebcted Rericted Funds Funds Total Funds INCOME Donations IrKc¥ne Grants receid- Ur¥estricttrJ Gonts Re¢¢iKed- Restiict•J 12268 2.375 2.375 Accommc*Jat Inlment Ir)me 188.016 188.016 151569 Other incc¥ne 743 743 TOTAL INCOME 198,746 2.375 201,121 17a338 EXPENDITURE Charitablè acknlties Supwt Costs GonanCe Costs 215.521 16.XKI 4.875 220.396 16.300 1.863 236,558 180.389 t 1.026 2,070 193,485 TOTAL EXPENLXTURE 4.875 N•t Ineom•l ExpendltsJr• Transf•rs B•tw•en fvnds 134.9371 12.5001 137.4371 (1& 147J NEf m0Ment in funds 1349371 500) (37.43n 115,14n SUhlMARY OF FUNDS Total Funds Brought forvrnrd 636.sm 2.SXI 651951 Totsl Funds Carrl•d F¢xward 601.367 601.367 638.804 Contirwjing operatior - All ir(ne arNI eXKIlle has arisen frcm contirning a¢tiiiti8s 91Page
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number: 5796297 Registered Charity Number: 1118509 Forthe Year Ended 31 De¢ember 2023 BALANCE SHEET ilnreicted Roslricted Fund$ Funds Tolal Funds last as at 31st Ccemter 2023 Fixed A•ts-Tan Ibl• Fix•Y Assets-TwKJible 10 845.543 871,416 Currènt Ass•ts Deblots & Prepayments Bank & Cash 11 5,118 12.1COI 3.015 5,116 12.1001 3,015 6,230 &218 14.449 Curr•nt Liabili15•s crtOrS & Accnjals 111 the wlthin 1 12 33.016 33.016 24, 726 33.016 33.016 24,726 Ngt Current Assèts .co)I I30.0) 10,2781 Total Ass•ts l•ss Current Liabilitie$ 815.$43 815.543 861. 139 Cr&Jito FdliTrJ duè after 1 y 13 214.176 214.176 222,335 Total Net knts 601.367 fj01,367 638.804 Fund Balances Unrestn¢ted Funds RÈstrictÈd fvnds 16 601.367 601.367 636.304 16 TOTAL FUNDS 601,367 601.367 634801 The charitable company is entitled to exryt10 Section 477 ofthg CnpanioS Act 2(K6 frjr the yew ended 31 Decemtw 2023 Th8 members hale not required chaMalYe company to obtain an aLbJit of its ffinaneiat statements ts year ended 31 Oecember 2023 in a¢crydae Wbth Se¢kn"cffi 476 01 Cc¥npaniès Aet 20L%. Th8 tte8$ acknowledge their re5Fonsibiltties for lal ensuring thai the charitatde cc¥npany keeps xwjntiny that ¢ompty vAth seCtic 386 387 of Ccrfnpanies Act 2(K6 arNJ Ibl FwJirKJ finarlI statemants a tft aTrJ fair blew ofthe state of affai15 ofth8 haritatle COmY as al the eTrJ of eh finarrid year arKI of ils surplus or deficit for each financial yew in acc¢xdance vAth tl leqreme1ts rA SeCtKX 394 and 395 and i¢h otlwA"se ith the re(wirements of th8 Ccfflpanies Act 2[ allr¥j to financÉal slatwnents. so far a5 to Ihe Cr11able comFony. These fincial statements hale Lwi preF4red ¥i &cordance th& special kYOMsion$ of Part 15 ofthe C(%npanies Act 21Th rdatiNJ to small companes th8 Finar131 ReFylirvJ St)dard f Smaller Enlitie5 {effecti%e knjwy 20151. The financial statements apwowj ty V Boyd OfTWst ........ signed on its beh*f by: 4........... .. ATrJ Stgned...... Twstee .. Print Name.....S.:.4...B.%IJ.£Lts.X............ . IOIPage
ST MAOOC CHRISTIAN YOUTH CAMP Registered Company Number: 5796297 egistered Charity Number: 1118509 For the Year Ended 31° December 2023 NOTES TO THE FINANaAL sfATEMENTS For the Year Ended 31" December 2023 I. GENERAL INFORMATION The charity is a public benefit entity and a private company limited byguarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Llanmadoc. Gower, Swansea, SA3 IDE. 2. ACCOUNTtNG POUCIES Basis of preparlng the financial Statements The financial statements of the charitable company. which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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 IFRS 1021 (effective l January 20151,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2(MJ6. The financial statements have been prepared under the historical c05t convention. Goin8 concern The Tru5tee5 consider that there are no material uncertainties about the charity's ability to tontinue as a going concern. It is therefore considered appropriate by the Trustees to prepare the financial statements on a going concern basis. Incominz Resources All incoming resources ore included in the statement of financial artNities when entitlement has passed to the charity- it is probable that the economic benefits a550ciated with the transaction will flow to the charity and the amount can be reliably measured. 'The following specific policie5 are applied to particular categories of income= Income from donations or Erants is recognised when there is evidence of entitlement to the gift. receipt is probable and its arnount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Oonated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included forthe contribution of general volunteers. Income frorn contr3rt5 for the supply of seNrces is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded a5 restrirted. Re5oyr¢es expwKled Liabilities are recognised as expenditure as soon as there is a legal or construrtiye obligation committing the charity to that expenditure. it is probable that a transfer of econornic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an acuuals basis and has been classified under headings that aggregate all cost related to the cate80ry. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. 11 IPage
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number= 1118509 For the Year Ended 31° Decernber 2023 Tangible fixed assets and depreciation Tangible fixed a55ets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off the cost less residual value of each asset over its expected useful life- Office equipment and furniture Buildings and windows 2% The costs of minor additions orthose costing below £100 are not capitalised. Taxation The charity is exempt from corporation tax on its charitable actn11t. Imp¥irment of flxed assets A review for indicators of impairment is orried out at each reporting date, with the recoverable amount being estimated where Such indicators exist. Where the carrying value eXed5 the recoverable amount. the asset is impaired actordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows frofn other assets or groups of assets. Fund accountlng Unrestricted fund5 can be used in accordance with the charitsble objectNes at the discretion of the trustees. Designated funds are unrestrirted fund5 earmarked by the trustees for porticular purposes. Restricted funds can only be used for particular restricted purposes within the objerts of the charity- Restrictions arise when specified by the donor or when funds are raised for particular re5trirted purpose5. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pe10Th costs and her post-retlrernent benefrts The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Flnanclal instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contrartual provisions of the instrument. 8asic financial instruments are initially recogni5ed at the amount receivable or poyable including any related transaction costs. 12 |Page
ST MADOC CHRISTIAN YOUTH CAMP For the Year Ended 311¢ December 2023 Registered Cornpany Number.. 5796297 Registered Charity Number: 1118509 Current a55ets and current liabilities are subsequently measured at the cash or other consideratlon expected to be paid or reIved and not discounted. Debt instruments are Subsequently measured at amortised cost. Financial a55ets that are measured at cost or amortised tost are reviewed for objertive evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment105s is recognised under the appropriate heading in the rtatement of financial activities In whlch the initial gain was recognised. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaiment not prÈv)usly been recognised. 3. LIMED BY GUARANTEE St Madoc Christian Youth Camp is a charitable Company limited by guarantee incorporated on 26th April 2006 and registered as a charity on 23rd March 21))7. The company was established under a Memorandum of A550ciation which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10. 4. DONATIONS T(al This Year Total Last Year unrestrict Restricted Donations Gift Aid 8.179 8.179 10.989 1,279 12.268 5. GRANTS RECEIVED T(Aa This Year Last Year Unrestricted Restricted Grants iknnisalic Grants from Qknemment Grants from G0mment Ccta&19 2,375 2.375 12,5C(I 2.375 2,375 12.5C¥J 131Page
ST MADOC CHRISTIAN YOUTH CAMP For the Year Ended 31° Dmber 2023 Registered Company Number.. 5796297 Registered Charity Number: 1118509 6. DIRECT COSTS OF CHARffABLE AcnvmES This Year La51 Ygar Staff Costs Insurance Adlertisi Tra4 Premises RLnniro Costs ReSoUeS and Small Equipment Repairs and MaintenarKe Aclisily and E¥enl C(6ts Adminislration DepreciationlLoss DisFwal Unitffii 76.291 65.086 3.589 66S 13 24.366 5.234 15,7&3 57.623 16.992 4.183 10.946 41.288 28.282 28.379 180,389 7. SUPPORT & GOVERNANCE COSTS This Year Last Year Support: Staff Accomc*Jalion C&tsts Bank Charges & Loan Intgre5t 431 15.869 2,139 8,887 16.3LKI 11,026 Governanco: Accountancy Fees Legal Fees 1.678 185 2,030 40 1.863 2.070 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefrts for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses There were no trustees, expenses reimbursed forthe year or for the previous year. 9. STAFFING The average monthly number of employees during the year was as follows: This Year Last Year Camp Management Housekeeping & Seasonal No employees received emoluments in excess of £60.W). 141.Page
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number: 5796297 Registered Charity Number- 1118509 For the Year Ended 31 December 2023 10. FIXED ASSETS FYeeW Planl & Fixtures & ProF* Machir Frttings Total COST As al 1st January Additions Disposals As al 31st Decembw 1.204.833 10.584 112,672 1.328.089 2.409 27,052 1,303.445 27,052 88.028 1.204.833 10.584 DEPRECIATION As at 1s1 January Charge tr the Year Released on ThsFQS As at 31st December 351.68S 24.097 3.227 212 101.761 3.842 26,921 78.682 456,673 28.150 26.921 457.903 375.782 NEf 800K VALUE thls y•ar 82J.051 7.146 Nel BOOK VALUE last ye 853.148 7.357 10,911 871,416 11. DEBTORS: AMOUNTS FAWNG DUE wifHIN ONE YEA Tl¥s Y Last Ye Debterfs - charitae Acliiity Other Debt0 aThJ Prepaymerrts HMRC-VAT 1.110 3.007 3.224 5.116 6.230 12. CREDITORS: AMOUNTS FAWNG DUE WttHIN ONE YEAR This Year La51 Year Bank Loans (>Bdraft$ Trade Creditors HMRC- PAYE 11.500 11.671 724 594 8.526 15,OCrf) 4,696 1,726 13701 3.675 HMRC- VAT Other Creditors and Accruals 33,016 24.726 13. CREOITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR Last Year 8ank Loan 214.176 222,335 151Page
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number.. 5796297 Registered Charity Number: 1118509 For the Year Ended 31° Dernber 2023 14. LOANS The total balances owing on the loan is as follows- This Year Last Year Bank Loan 225.676 237.335 15. SECURED DEBTS The following secured debts are included within ueditors- Bank loans The commercial mortgage is secured by a first charge over the chartty's property. 16. MOVEMENT IN FUNDS Transkrs FLIlS at crfne In Ex Closi Balance in Year fvnds Unreicted Fund& General Unrestricted Funds Totsl Unrel¢ted 198746 198746 233683 233683 601367 601367 636304 Re*ricted Fund LIanMad Shop {sch(K4s) FSM Residential (schods) Austin Bailey IsportirrtJ Equi[ent) Loca GiiirvJ Tesco knstore Tokens (scFKAJlsl T¢)tal Restricted 1875 1875 2500 2375 4875 Total Funds 201121 238S58 601367 Austin Bailev This grant was given for the purchase of Sporti equipment. Local Giving This grant was given for the purchase of a bubble set and bikes. Other Re5trlcted Llanmadoc shop, FSM and Tesco were restrirted funds to 5UPPOrt the schools work. 161Page
ST MADOC CHRISTIAN YOUTH CAMP Registered Company Number: 5796297 Registered Charity Number: 1118509 For the Year Endtd 31° t)ecember 2023 17. PENSION COMMITMErirs The company operates a defined contributions pension scheme. During the year the company paid £2436 into the scheme for 2 employee5. 18. CONTINGENT UABIUTIES The charity has taken expert opinion on its VAT p051tion and has arted upon the advice it has received. The advice in question relates to the VAT treatment of the tharity's income and the effect of this treatment on VAT it has previously recovered on capital goods acquired. In the unlikely event that HM Revenue & Customs were able to overturn the charity's current VAT treatment in relation to income and capital goods. then a Substantial but unquantifiable amount of VAT could become payable by the charity, with the wssibility of 50rne reimbursement of VAT being due to the charity from its suppliers. No provision has been made in these accounts for any VAT payable by the charity on any fvture adjustment of its VAT position. 19. REL4TED PARTY DISCLOSURES The aggregate value of unconditional donations made by the Trustees to the organisation in the year to 31 December 2023 was £3540. 20. DONATED SERVICES Much of the work of the charity is carried out voluntarily by its members. No adjustment has been made to the occounts for the estimated value of these services as the Trustees do not consider that any financial cost has been borne by any third party. 171Page