Trecatti Dowlais Charitable Trust (A company limited by guarantee) Annual Re ort and Unaudited Financial Statements for the 30-Se ear ended tember-2024 Com an Re Istered No 6225422 Charlt Re Istered No 1120735
Trecatti Dowlais Charitable Trust Annual Report and Unaudited Financial Statements for the year ended 30-September.2024 CONTENTS Page Administrative and Legal Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-11
Trecatti Dowlais Charitable Trust Administrative and legal information for the year ended 30-September-2024 MEMBERS Are the Trustees as set out on page 3 CHAIRPERSON Mr Ray Thomas TREASURER Declan Sammon PRINCIPAL OFFICE RG 19 Orbit Business Centre Rhydycar Business Park Merthyr Tydfil CF48 1DL REGISTRATION NUMBER Company Registered No 6225422 Charity Registered No 1120735 INDEPENDENT EXAMINER Richard Knoyle ACA FCCA Baker Knoyle Accountancy Limited Chartered Accountants The Orbit Business Centre Merthyr Tydfil CF48 1DL BANKERS Barclays Bank plc 47 High Street Merthyr Tydfil CF47 8DL
Trecatti (Dowlais) Charitable Trust Trustees Re ort The trustees, who are also the directors of the charity for the ptjrposes of the Companies Act 2006, present their annual report, including directors, report as required by company law, and financial statements for the year ended 30th Seplember 2024. The Trustee Report includes the Report of the Directors, as required by company law. Directors and trustees The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th September 2024. The trustees have adopted the provisions of Accountin9 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 20191. The trustees who served during the year are.. Elleen Davles Ray Thomas - Chalr Rhian Jones - appolnted 8th Aprll 2024 Dèclan Sammon - Treasurer A trustee holds office (with the exception of any 8iffa Irustee} unlil the election of trustees at the AGM in the third year after their election. Each trustee is eligible for re-election for one further term of three years. Trustee statement on public benefit The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with s17 Charities Act 2011 in respect of having due regard to public benefit when considering, planning and implementing the activities of the charity. Admlnlstratlve detalls of the charlty arè shown on page 2 Structure governance and management Nature of the charltles governlng document The charity is a company limited by guarantee and is governed by its memorandum and articles of association, Method of re¢rultlng and appointing new trustees The charity trustees are all members of the company and active members of the local community, they may all nominate new Irustees. Detalls of any outslde party who can appolnt trustees Biffa Waste Services Limited Procedures for the induction and trainlng of trustees The charity is in the process of reviewing Ihe requiremenls for the induction and Iraining of truslees. Organisation structure The charity trustees are the management and grant distribution committee of the charity. There are no employees and they adminisler all the charities needs on a volunteer basis. Details of any related parties Biffa Waste Services Limited funds the charity and can appoint one member to the Board of Trustees. Statement on risk management The trustees have a duty to idenlify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Irustees have given consideration to the major risks which the charity is exposed and have satisfied themselves that systems or procedures are eslablished in order to manage those risks.
Trecatti (Dowlais) Charitable Trust Trustees Re ort Objectives and activities Summary of charity s objectives and the strategy for achieving them. The charity supports community activities in Dowlais and the surrounding areas.11 does this by supporting other organisations for their public benefit through a programme of project related grants. D8tails of slgnlflcant activlties The charity awards grants to organisations that benefit the people of Dowlais and the surrounding area, Pollcles where relevant for grant maklng and programme related Investments The charity receives applications from all organisations operating in Dowlais and the surrounding areas and allocates funds in accordance with a laid down criteria. The role and contrlbution of volunteers The charity is run by its board of trustees who are all volunteers. Achievements and performance Summary of the maln achlevements durlng the year During the year, the Biffa grants were awarded and the charity continued its distribution of grant awards, Publlc Beneflt To contribute to the well being of the population of Dowlais by funding and part funding projects linked to sportslpastimes, the environment, social activities and education of all age groups. Financial review Reserves pollcy The policy of the charity is to distribute its funds as appropriate and keep its reserves at a minimum. At the year end free reserves held were £114,35112023.' £93,852). Princlpal fundlng sources The charity is funded by an amount received annually from Biffa Waste Management Services Ltd, which is related to the volume of waste received and lipped at the Trecatli site. Plans for future periods Plans for the future Includlng, alms objectlves and any actlvltles planned to achleve them. The charity plans to support charitable activity in the local area by the distribution of grants. Independent Examiners A resolution to re-appoint the independent examiners, Baker Knoyle Accountancy Limited, will be proposed at the Annual General Meeting. This report has been prepared having taken advantage of the small companies exemplion in the Companies Act 2006. Approved by order of the board of trustees on...... and slgned on Its behalf by: Mr D Sammon - Trustee
Independent examiner's report TO THE TRUSTEES OF Trecatti (Dowlais) Charitable Trust for the year ended 30-September-2024 I report on the accounts of the Charity for the year ended 30th September 2024. Responsibilities and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the company 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 your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, Independent examlner'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.. 1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination., or 4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102)). Ihaven onoerns and have come across no other matters in connection with the examina to hich attention should be drawn in this report in order to enable a proper understa ing f the accounts to be reached. Richard oyle ACA FCCA For and on behalf Baker Knoyl ccountancy Limited Chartered Accountants Merthyr Tydfil CF48 1DL Dated: a 110, /3025
Trecatti {Dowlais) Charitable Trust Statement of Financial Activities (Incorporating the Income and Expenditure account) for year ended 30-September-2024 Unrestricted Funds Restricted Funds Total$ 2024 Totals 2023 Npte5 INCOME AND ENDOWMENTS FROM Donations and legacies BIFFA Trecatli Landfill Sile 35,416 35,416 77,143 Investment Income 119 119 53 Total 35,535 35,535 77,196 EXPENDITURE ON Charltable actlvltlès Grant Making 15,036 15,036 3,173 Total 15,036 15,036 3,173 NET INCOMEI(EXPENDITURE) 20,499 20,499 74,023 Transfer b8twe•n funds Net Movement In funds 20,499 20,499 74,023 RECONCILIATION OF FUNDS Total funds brought forward 93,852 93,852 19,829 TOTAL FUNDS CARRIED FORIAIARD £ 114,351 £ 114,351 £ 93,852 CONTINUING OPERATIONS All Income and expendlture has arisen from continuing a¢tlvllSa#, The attached notès form an integral part of these accounts
Company Registered No 6225422 Charity Registered No 1120735 Trecatti (Dowlais) Charitable Trust Balance Sheet as at 30-September-2024 2024 2023 Notes CURRENT ASSETS Debtors Cash at bank & in hand 35,416 79,703 115,119 42,823 51,605 94,428 CREDITORS Amounts falling due within one year 768 576 NET CURRENT ASSETS 114,351 93,852 TOTAL ASSETS LESS CURRENT LIABILITIES 114,351 93,852 NET ASSETS £ 114,351 £ 93,852 FUNDS Unrestricted funds 114,351 93,852 TOTAL FUNDS £ 114,351 £ 93,852 The charltable company is entitled to exemptlon from audlt under Sectlon 477 of the Companles Act 2006 for the year ended 30 Soptomber 2024 Thg members have not required the charltable company to obtaln an audlt of Its financial statements for the year ended 30th September 2024 In accordance with Section 476 of the Companies Act 2006. The trusfees acknowledge thelr responslbllltles for (a) ensurlng that the charitable company keeps accountlng records that comply wlth Sections 386 and 387 of the Companles Act and (b) preparlng flnanclal statements which give a true and falr vlew of the state of affalrs of the charltable company as at the end of each flnanclal year and of Its surplus or deficit for each flnanclal year In accordance with the requlrements of Sections 394 and 395 and which otherwise comply with the requlrements of the Companles Act 2006 relating to financial statements, so far as appllcable to the charitable company. These financlal statements have been prepared in accordance with the provisions appllcable to charltable companies subject to the small companles regleme. Approved for and on behalf of the board of trustees Mr D Sammon Dated.. {Trustee) ai /D//AOa5 The attached notes form an int8gral part of these accounts
Trecatti (Dowlais) Charitable Trust Notes to the Accounts for the year ended 30-Septèmbor-2024 1 Principal Accounting Policies Preparation of Financial Statements. The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with tho Charities SORP IFRS 1021 'Accounling and Reporting by Charities-. Slalemenl of Recommended PractlC8 applicab18 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 (effectlV8 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th8 Companies Act 2006. The financial slalmenls have been prepared under the historical cost conver)lion. Financial reporting standard 102 reduced disclosure exemptions. The charity has taken advantage of the following disclosure exemption in preparing these financial slalements, as permilleed by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelar)d': the requirements of S&ction 7 Statements of Cash Flows. Publ1¢ Beneflt Trecatli IDowlai5} Charitable Trust meets the definition of a public ben8fil 8ntiliy undèr FRS 102. Debtors are recognis6d al th8 settlement amount due. Credltors ar8 r8cognised al their selllement amount. Legal Status of the Charlty The Charity is a private company limited by guarant88 and has no sharé capital. Th8 company 15 incorporated in England & Wales. Income All incom8 is rècognised in the Statement of Financial Activities once thé charity has 8nlillemenl to the funds, it 15 probable that the income will be received and the amount can be measured reliably. The following specific policies ar& applied.. Voluntary Incorne received by way of grants, gifts or donation is included in full on receipt unless il is subject lo a condition when it is Irealed as deferred income. Deferred Income. Income or gr8F)Is received in advance are held as deferred income and carried forward lo future accounting periods to be released when the defined purposes of th& work or project have been completed, approved or cerlifi8d. Gifts in Kind are included in the income and expenditure account where they are applied in carrying out charitable aclivilies, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. The quantifiable benefit is shown as both incoming and expended resources within the appropriate funds Where the gifl is an 8ssel it is Ire81ed as income and taken lo stock or fixed as581s as appropriate. The value of services provided by volunteers is not quantified. Investment Income is included when receivablé.
Trecatti (Dowlais) Charitable Trust Notes to the Accounts for the year ended 30-September-2024 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that 8xpendilure, il 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 accounted for on an accru81s basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly allribuled lo particular headings they have been allocated on a basis consistent with the use of resources . Expenditure includes any VAT which cannot be fully recovered. Charitable expenditure comprises thos8 Costs incurred by the charity in the delivery of 115 activities and S8rvicès for ils bènèficiarigs. 11 includes the costs that can be allribuled directly to those activities and thos8 costs of an indirect nature necessary to support them. All exponditure is allocated b8lwe8n the categories of the SOFA on a basis designed lo reflect the use of the resource. Costs relating lo a particular activity are allocated directly, others are apportioned between categories on a basis that fairly reflects their usag8. Support ¢osts are those functions that assist the work of the charity bul do not directly undertake charitable activities. Taxatlon. The charity is exempt from corporation tax on ils charitable aclivilies, Fund accountlng Unrestricted funds can be usèd in accordance with the charitable objectives al the discretion of the trustees. Reslricled funds can only be used for particular raslrictèd purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Golng Concern Thé financial slalemenls have been prepared on a going concern basis as the Iruslees beli&ve that no material uncertainties exist. The direclorsllruslees have reviewed future cash flows and are confident that the accounts should be prepared on a going concem basis. 2 Total Incoming Resources 2024 2023 BIFFA 35,416 77,143 35,416 119 £ 35,535 77,143 53 £77,196 Interest r&ceived Total Incoming Resources 3 Net Incoming Resources is stated after charging.. 2024 2023 Independent examiners remuneration 690 £690 522 £522 Amounts payable to Independent examiners in rglation lo company secretarial Services were £78 {2023.' £78).
Trecatti (Dowlais) Charitable Trust Notes to the Accounts for the year ended 30-September-2024 4 Charitable Activities Costs Dire¢t Support Costs Total Total Costs 2024 2023 Grant Making £ 14,000 £1,036 £ 15,036 £ 3,173 £ 14,000 £1,036 £ 15,036 £ 3,173 Support Costs, included in the above, are as follows.. Grant Making £960 Governance costs Office costs Finance £76 £1,036 Trustees remuneration and benefits The trusteès did not receive any emoluments,. out of pocket expenses were reimburs8d of.. 2024 £NIL 2023 £NIL The valu8 of payments to, or transactions with trustees or persons connected with the trustees was.. 2024 £NIL 2023 £NIL 5 Debtors 2024 2023 Grants Receivable 35,416 35,416 42.823 42,823.00 6 Creditors: Amounts falling due wlthln one year 2024 2023 Other Creditors & Accruals 768 £768 576 £576 7 Fund Balances Balance Balanca 30-Septembor Incoming Resources Resources Expended Transfers 30.September 2024 2023 General Fund 93,852 35,535 (15,036) {15,036} 114,351 FREE RESERVES 93,852 35,535 114,351 Designated funds UNRESTRICTED FUNDS 93,852 35,535 15,036 114,351 The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and are availablé with the approval of the trustees lo fund any èxpenditure on projects or expenses which fall within the organisation5 general aims and objectives. They are accumulated in accordance with the reserve policy as slated in the trustees report. 10
Trecatti (Dowlais) Charitable Trust Notes to the Accounts for the year ended 30-September-2024 8 Related Parties As slated in the directors report the charity depends upon working together with partnership organisalions in order to deliver ils services. Those partners make conlribulion5 to support the charity and appoint representatives to the board of Irusteesldireclors. Details of the transactions with those organisations who appoint represenlalives to the board are as follows.. 2024 2023 Related Party BIFFA Waste Management Ltd Transactlon type FundinglDonalion 35,416 77,143 9 Grants Awarded 2024 2023 Recipient Dowlais OAP Association Purpose Aclivily cost support 500 Scanty Panlies Activlly cost support 1,000 Guest Keen Sports & Social - Retirement Group Actlvlly cost support Dowlais Male Voice Choir 1,000 500 Acllvlly cos¢ support 500 Dowlais and District Chrysanthemum Soci8ly Active Kids Dowlais Acllvlty cost support Acllvlly cost support Activlly cost support Actlvlly cost support Acllvlty cosl support 1,000 500 500 500 St Illlyd's RC Church Dowlais Rugby Club Stevens & George Charitab18 Trust Dowlais and Pant Community Action Group Grant - writt&n back not cashed 500 500 500.00 Acllvlty cost support 500 Activlly cost support Activlly eost support 15001 Dowlais Pony Improvèment Society Dowlais Primary School Morlais Castle Golf Club 500 500 1,000 2,000 1,000 1,000 1,000 1,000 1,000 £ 14.000 Acllvlly cost support Acllvlty cost support Hebron Evangelical Church Pant Merlhyr Sairbts Girls FC Under 16's Baccas Beslies Acllvity cost support Aclivlly cost support Activlly cost support Dowlais and Merthyr Ladies Walking group Dowlais Stables Community Garden Dowlais Vegetable Growers Group Activity cost support Aclivily cos15UPPOrt Aelivity cost 8UPPOrt £ 2,500 10 Ultimate Controlling Party The ultimate controlling party is the board of trusleesldireclors as disclosed on page 3. 11 Going Concern Thè accounts have been prepared on a going concern basis and no material uncertainties exist. 11