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Trecatti (Dowlais) Charitable Trust (A company limited by guarantee)
Annual Report and Unaudited Financial Statements
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for the year ended 30-September-2025
Company Registered No 6225422
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Charity Registered No 1120735
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Trecatti (Dowlais) Charitable Trust
Annual Report and Unaudited Financial Statements for the year ended 30-September-2025
CONTENTS
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| Administrative and Legal Information | 2 |
| Report ofthe Trustees | 3 |
| Report ofthe Independent Examiner | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheFinancialStatements | 8-12 |
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Trecatti (Dowlais) Charitable Trust
Administrative and legal information for the year ended 30-September-2025
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
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The Orbit Business Centre Merthyr Tydfil CF48 1DL
BANKERS
Barclays Bank plc 47 High Street Merthyr Tydfil CF47 8DL
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|aa= |Trecatti (Dowlais) Charitable Trust | Trustees Report i
The trustees, who are also the directors of the charity for the purposes 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 September 2025.
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 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 trustees who served during the year are:
Eileen Davies
Ray Thomas « Chair
Rhian Jones Declan Sammon - Treasurer
A trustee holds office (with the exception of any Biffa trustee) until 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
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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.
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Administrative details of the charity are shown on page 2
: Structure governance and management Nature of the charities governing document : The charity is a company limited by guarantee and is governed by its memorandum and articles of association.
Method of recruiting 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 trustees.
Details of any outside party who can appoint trustees
Biffa Waste Services Limited
Procedures for the induction and training of trustees
The charity is in the process of reviewing the requirements for the induction and training of trustees.
Organisation structure
The charity trustees are the management and grant distribution committee of the charity. There are no employees and they administer 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
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The trustees have a duty to identify 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 trustees have given consideration to the major risks which the charity is exposed and have satisfied themselves that systems or procedures are established in order to manage those risks. 3
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Trecatti (Dowlais) Charitable Trust Trustees Report
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. !t does this by supporting other organisations for their public benefit through a programme of project related grants.
Details of significant activities
The charity awards grants to organisations that benefit the people of Dowlais and the surrounding area.
Policies where relevant for grant making 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 contribution of volunteers
The charity is run by its board of trustees who are all volunteers.
Achievements and performance Summary of the main achievements during the year
During the year, the Biffa grants were awarded and the charity continued its distribution of grant awards.
Public Benefit
To contribute to the well being of the population of Dowlais by funding and part funding projects linked to sports/pastimes, the environment, social activities and education of all age groups.
Financial review
Reserves policy
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 £126,572 (2024: £114,351).
Principal funding 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 tipped at the Trecatti site.
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Plans for future periods
Plans for the future including, aims objectives and any activities planned to achieve 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.
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This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
Approved by order of the board of trustees on...03 J AQAG........and signed on its behalf by:
Mr D Sammon- Trustee
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Independent examiner's report TO THE TRUSTEES OF Trecatti (Dowlais) Charitable Trust for the year ended 30-September-2025
| report on the accounts of the Charity for the year ended 30th September 2025.
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’).
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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, | 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 | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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)).
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| 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 theaccounts to be reached.
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Richard Knoyle ACA FCCA
For and on behalf of
Baker Knoyle Accountancy Limited Chartered Accountants CF48Merthyr 1DL Tydfil
Dated: OF [o 3 /a0ab
Trecatti (Dowlais) Charitable Trust Statement of Financial Activities
| Trecatti (Dowlais) Charitable Trust Statement of Financial Activities |
Trecatti (Dowlais) Charitable Trust Statement of Financial Activities |
Trecatti (Dowlais) Charitable Trust Statement of Financial Activities |
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| (Incorporating the Income and Expenditure account) | ||||||
| foryearended30-September-2025 | Notes | Unrestricted Funds |
Restricted Funds |
Totals 2025 |
Totals 2024 |
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£ £ |
£ £ |
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| : INCOME AND ENDOWMENTS FROM |
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| Donations and legacies | ||||||
| : | BIFFATrecatti Landfill Site | 41,927 | 41,927 | 35,416 | ||
| Investment Income | 115 | 115 | 119 | |||
| Tota! | 2 | 42,042 | 42,042 | 35,535 | ||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Grant Making | 29,821 | 29,821 | 15,036 | |||
| Total | 4 | 29,821 | 29,821 | 15,036 | ||
| NET INCOME/(EXPENDITURE) | 12,221 | 12,221 | 20,499 | |||
| Transfer between funds | ||||||
| NetMovement in funds | 3 | 12,221 | 12,221 | 20,499 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds broughtforward | 114,351 | 114,351 | 93,852 | |||
| TOTAL FUNDSCARRIED FORWARD | £126,572 | £126,572 | £114,351 | |||
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| CONTINUINGOPERATIONS | . |
All income and expenditure has arisen from continuing activities.
The attached notes form an integral part of these accounts
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Company Registered No 6225422 Charity Registered No 1120735
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|Trecatti|(Dowlais)|Charitable|Trust|
|Balance|Sheet|
|as|at|30-September-2025|
|2025|2024|
|Notes|£|£|£|
|CURRENT|ASSETS|
|Debtors|5|51,820|35,416|
|Cash|at|bank &|in|hand|75,484|79,703|
|127,304|115,119|
|CREDITORS|
|Amounts|falling|due within|one year|6|(732)|(768)|
|NET CURRENT ASSETS|126,572|114,351|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|126,572|114,351|
|NET ASSETS|£126,572|£114,351|
|FUNDS|7|
|Unrestricted|funds|126,572|114,351|
|TOTAL FUNDS|£|126,572|£114,351|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025
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The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.
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The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
: These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regieme.
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Approved for and on behalf of the board of trustees Mr D Sammon Dated: (1G | O38 [2026 (Trustee)
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The attached notes form an integral part of these accounts
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! _ Trecatti (Dowlais) Charitable Trust | Notes to the Accounts | for the year ended 30-September-2025 i 1 Principal Accounting Policies Preparation of Financial Statements. The financial statements of the the charitable company, company, which is a public benefit entity under FRS FRS 102, have been prepared in accordance with the Charities SORP SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to charities preparing their accounts accounts in accordance with ;
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Preparation of Financial Statements. The financial statements of the the charitable company, company, which is a public benefit entity under FRS FRS 102, have been prepared in accordance with the Charities SORP SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to charities preparing their accounts accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statments have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions. The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitteed by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
- the requirements of Section 7 Statements of Cash Flows.
Public Benefit
Trecatti (Dowlais) Charitable Trust meets the definition of a public benefit entitiy under FRS 102.
Debtors are recognised at the settlement amount due.
Creditors are recognised at their settlement amount.
Legal Status of the Charity
The Charity is a private company limited by guarantee and has no share capital. The company is incorporated in England & Wales.
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Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The following specific policies are applied:
Voluntary income received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income.
Deferred Income. Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified.
Gifts in Kind are included in the income and expenditure account where they are applied in carrying out charitable activities, 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 gift is an asset it is treated as income and taken to stock or fixed assets as appropriate.
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The value of services provided by volunteers is not quantified.
Investment income is included when receivable.
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Trecatti (Dowlais) Charitable Trust Notes to the Accounts : for the year ended 30-September-2025 Expenditure ! Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity i to that expenditure, 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 accounted for on an accruals basis and has been ‘ classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to 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 those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes the costs that can be attributed directly to those activities and those costs of an indirect nature necessary to support them.
All expenditure is allocated between the categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned between categories on a basis that fairly reflects their usage.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.
Taxation. The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The directors/trustees have reviewed future cash flows and are confident that the accounts should be prepared on a going concern basis.
| 2 | Total Incoming Resources | 2025 | 2024 |
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| £ | £ | ||
| BIFFA | 41,927 | 35,416 | |
| 41,927 | 35,416 | ||
| Interest received | 115 | 119 | |
| Total Incoming Resources | £42,042 | £ 35,535 | |
| 3 | Net Incoming Resources | 2025 | 2024 |
| is stated aftercharging: | £ | £ | |
| Independent examiners remuneration | 684 | 690 | |
| £684 | £522 |
Amounts payable to Independent examiners in relation to company secretarial services were £108 (2024: £78).
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Trecatti (Dowlais) Charitable Trust Notes to the Accounts
for the year ended 30-September-2025
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4 Charitable Activities Costs
Direct Support Total Total
Costs Costs 2025 2024
£ £ £ £
Grant Making £ 29,000 £821 £29,821 £15,036
£ 29,000 £821 £29,821 £3,173
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Support costs, included in the above, are as follows:
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Grant Making £792 - £29
Governance costs
Office costs Finance
Trustees remuneration and benefits
The trustees did not receive any emoluments; out of pocket expenses were reimbursed of: 2025 £NIL
2024 £NIL
| The value ofpayments to, | ortransactions with trustees | or persons connected with the trustees was: | or persons connected with the trustees was: | or persons connected with the trustees was: | |||
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| 2025 ENIL | 2024 | ENIL | |||||
| 5 | Debtors | 2025 | 2024 | ||||
| £ | £ | ||||||
| Grants Receivable | 51,820 | 35,416 | |||||
| 51,820 | 35,416 | ||||||
| 6 | Creditors: Amounts | falling due within oneyear | 2025 | 2024 | |||
| £ | £ | ||||||
| Other Creditors & Accruals | 732 | 168 | |||||
| £732 | £768 | ||||||
| 7 | Fund Balances | ||||||
| Balance | Balance | ||||||
| 30-September | ncoming | Resources | |||||
| 2024. | Resources | Expended | Transfers | 2025 | |||
| General Fund | 114,351 | 42,042 | (29,821) | - | 126,572 | ||
| FREE RESERVES | 114,351 | 42,042 | (29,821) | - | 126,572 | ||
| Designated funds | - | - | - | - | - | ||
| UNRESTRICTEDFUNDS | 114,351 | 42,042 | (29,821) | - | 126,572 |
The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and are available with the approval of the trustees to fund any expenditure on projects or expenses which fall within the organisations general aims and objectives. They are accumulated in accordance with the reserve policy as stated in the trustees report.
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Trecatti (Dowlais) Charitable Trust Notes to the Accounts ; for the year ended 30-September-2025 8 Related Parties | As stated in the the directors report the the charity depends depends upon working order to deliver its services. Those partners make contributions : to the board of trustees/directors. trustees/directors. Details of the the transactions
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As stated in the the directors report the the charity depends depends upon working together with partnership organisations in order to deliver its services. Those partners make contributions to support the charity and appoint representatives to the board of trustees/directors. trustees/directors. Details of the the transactions with those organisations who appoint representatives to the board are as follows:
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| 2025 | 2024 | ||||
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| Related Party | Transaction type | £ | £ | ||
| BIFFAWaste Management Ltd | Funding/Donation | 41,927 | 35,416 | ||
| 9 | Grants Awarded | 2025 | 2024 | ||
| Recipient | Purpose | £ | £ | ||
| Dowlais OAP Association | Activity cost support | ; | 1,000 | 500 | |
| Scanty Panties | Activity cost support | - | 1,000 | ||
| Guest Keen Sports & Social - Retirement Group | Activity costsupport | 1,000 | 1,000 | ||
| Music Instruments Literature Festival Group | Activity costsupport | 1,000 | - | ||
| Dowlais and DistrictChrysanthemum Society | Activity costsupport | - | 1,000 | ||
| Active Kids Dowlais | Activitycost support | 1,000 | - | ||
| St liltyd's RC Church | Activitycost support | - | 500 | ||
| Dowlais Rugby Club | Activitycost support | - | 500 | ||
| Royal Welsh Dowlais Branch | Activitycostsupport | 1,000 | - | ||
| Dowlais and Pant CommunityAction Group | Activitycost support | 1,000 | 500 | ||
| DowlaisABC | Activitycostsupport | 1,000 | - | ||
| Dowlais Pony Improvement Society | Activity costsupport | 1,000 | 500 | ||
| Dowlais Primary School | Activitycostsupport | - | 500 | ||
| Morlais Castle GolfClub | Activitycostsupport | 1,000 | 1,000 | ||
| Hebron Evangelical Church | Activitycostsupport | 1,000 | 2,000 | ||
| Pant MerthyrSaints Girls FC Under 16's | Activitycostsupport | - | 1,000 | ||
| Beccas Besties | Activitycostsupport | 1,000 | 1,000 | ||
| Dowlais and Merthyr LadiesWalking group | Activitycostsupport | - | 1,000 | ||
| Dowlais Stables Community Garden | Activitycostsupport | 1,000 | 1,000 | ||
| Dowlais Vegetable Growers Group | Activitycostsupport | - | 1,000 | ||
| Dowlais and Pant Horticultural Society | Activitycostsupport | 1,000 | - | ||
| MerthyrTydfil Angling Alliance | Activitycostsupport | 1,000 | - | ||
| All Saints Ladies Group | Activitycostsupport | 1,000 | - | ||
| Dowlais and PantCommunity Litter Picking Group | —-Activity costsupport | 1,000 | - | ||
| Mens Support and Alcohol Addiction | Activity cost support | 1,000 | - | ||
| Dowlais CommunityCentre | Activitycostsupport | 1,000 | - | ||
| Hafod Cottages Community Group | Activitycostsupport | 1,000 | - | ||
| Pantand Dowlais Boys and Girls Club | Activity costsupport | 1,000 | - | ||
| Ty Bryn Seion Residents Association | Activity costsupport | 1,000 | - | ||
| Dowlais and Pant Going forGreen | Activity costsupport | 1,000 | - | ||
| Merthyr Tydfil Shotokan Society | Activitycost support | 1,000 | - | ||
| CancerAid MerthyrTydfil | Activitycostsupport | 2,000 | - | ||
| MerthyrSaintsFCUnder 10's | Activitycostsupport | 1,000 | - | ||
| Merthyr Malayali Cultural Association | Activitycostsupport | 1,000 | - | ||
| Dowlais and Pant Senior LadiesZumba Group | Activitycostsupport | 4,000 | - | ||
| Good Friendship Group | Activitycostsupport | 1,000 | > | ||
| £29,000 | £14,000 |
||| | | at ‘eS | |Trecatti (Dowlais) Charitable Trust | | Notes to the Accounts | | for the year ended 30-September-2025
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| 10 Ultimate Controlling Party
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The ultimate controlling party is the board of trustees/directors as disclosed on page 3.
11 Going Concern
The accounts have been prepared on a going concern basis and no material uncertainties exist.
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