Charity registration number 1128924
Company registration number 06056945 (England and Wales1
LLANHILLETH MINERS INSTITUTE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

LLANHILLETH MINERS INSTITUTE LIMITED
CONTENTS
Page
Trustees, report
Independent exatniner's report
11
Slalemenl of finanGial a¢livilies
12
Balance sheet
13
Notes lo the financial 5talemen15
14-29

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT}
FOR THE YEAR ENDED 31 JANUAR Y 2024
The Iruslees present their annual report and financial staterThenls for the year ended 31 January 2024.
The financial statements have been prepared in accordance with the acctsunling policies sel out in nole 1 to the
financial statements and comply with the charity's governing document, the Companies Act 2006 and
"Accountirlg and Reporting by Charities.. Slalemenl of Recomtnended Practice applicable to chairties preparing
thèir accounts in accordan￿ wth the Financial Reporting Standard app1￿cable in the UK and Republic of Ireland
IFRS 1021 (effective 1 January 20191"
Objeetlv•s and activits'es
Mission Statsment
The vibrant heart of the community, seèking to meet the changing need5 of the people it serves, arKI reflect the
vision ol the miners who built It.
Aims & Objectivts
Providing a range of educational. cuttural and roerèational opportunities to piomole health and
wellbeing.
st￿ngthen1￿9 the tie5 to provide a locus between our cornmijnities of Aberbeeg, Brynilhel. Llanhillèth
and Swffryd in a facility that is accessible, inclusive an(J has relevance lo 811.
Acting as a resource where information can be accessed and where new ski115 can be learnt., enabling
personal and professional development.
Developing a financially viablè ènteipri5e for the benefit of, and 5UPPOrted by the community, and
which contributes to the economic 8nd Social regeneration of the area.
A¢hievements and perfornian¢è
The vision, mission and objectives that shape our organisation in Ils annual activities ale focused Dn the
provision of facilities for the eduoalion. cultural and recreational needs ol the public as stated above. In shaping
our aclivities lor this corning year the Trustees have considered the Charity Commission's guidance on public
benefit and lee charging. Llanhilleth Miners Institute relies on income from classes and publiclprivate usagè as
well as social activities with the level of fees and charges sel to cover the opeialing costs, logeher with the
maintenance of 8 contingency reserve.
Public benèfit Is demonstrated by every activity thai lakes plaTr in line wrth our mi55ion slatement and objectives.
We give careful consideration to any organisalion wishing lo use the lacililie5. therefore charities and local
organisations are given concèssionary rates. We also consider people on low incomes when planning acliwties
and service provision.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should underiake.
The following topics provide a summary of activities which outlines the performance for 2023124. but which also
sets the scene lor our plans for this coming finanaal year.
Funding and Ineorne Generation
During 2023124 the following grants were recalved".
Awards for All once again eonlributed £10.000 to the 'Kids Holiday Activities. lor 2023 and 2024.
The WCVA provided £27,736 as part of a 2-year Volunteering proied.
BGC8C Household Support Fund provided £1,933 towards the capital cost of Food Hub equipment.
WG Loneliness and Isolation Fund provided £1.250 for Lunch Club entertainment.
BGCBC Warm Hub Initiative and BGCBC Fotsd Distribution Initiative again provided £5,000 and £1,000
respectively lo provide free food to local people at breakfast time and in the afternoons in a wam, safe
space.
BGCBC Summer ol Fun funding of £1,000 allowed us lo provide additional holiday activitiès lor ltsc
children.

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES. REPORT {CONTINUED}{INCLUDING DIRECTORS, REPORT}
FOR THE YEAR ENDED 31 JANUARY 2024
WEFO RDP funding of £70,0451£108,142 in lolall via the Blaenau Gwenl and Caeiphilly LAG Cwm y
Mynydd project allowed us to proceed with a second pilot project 'Hive Connect, testing and building
upon the lesson5 learned from the UK CRF pilot project.
Abertillery and Llanhillelh Cotntnunily Council piovided £955 for Children's activities.
Awards for All funding of £10,000 allowed us to continue with a Slow Cooker Club.
Communities Four)dalion Vlales in Conjunction with Piincipality provided £10,000 lor a Cooking on a
Budg2t pilot project.
£2.809 wa5 awarded in recognition of the Institute ¢oNtribulion duiing the floods of 2020.
CADW contnbuted £4,950 for remedial work lo the Institute infraslrucluie.
K Shared ProspÈirfLy Fund People & Skills provided £109,505 for a continuation of the 'Hive' pioiect.
UK Shared Prosperity Fund Multiply provided £28,162 lor an adult numeiacy piole￿.
UK Share Prosperity Fund Communitie5 & Place provided £640 to subsidise local activitie5.
The National Lottery Brighter Futures provided £60.300 as part of a three year project to support our
Chvb Llan Child Development programTlle.
Tai Calon and Blaenau Gwenl Food Partnership provided £7.500 to allow us to pilot a 'Cook Fresh,
progr3mme.
8GCBC lunding of £2,000 allowed us to put in placè a pro9r8mm8 to combat holiday hunger.
During the year, contribLrtions to general Core costs were received from..
Tudor Tru51 £30,000 for specific overheads
Henry Smith Foundation £25,000 foi gene[81 ov8rhead5
The Board Is most grateful to our generous sponsors whose funding has not iusl carried us forward in difficult
lirnes bul has allowed Qui Community Engagement activities to expand and flourish.
Existing Programmes
Educational Programmes
The Institute recognises the importance ol education aT7d Ille learning Skills as key priorities and continued to
develop partnerships with relevant organisations, such as GAVO and Adult Learning Wales lo respond lo the
needs of our community We have a growing need for parenting, healthy eating and readability classes
throughout Blaenau Gwenl". accordingly, we are providing, with the assistance ol these organisalions, many
opportunities for individuals and families in nèèd ol support.
Our Volunleers
Volunteèrg play a major part in the success of activities and events within the Inslrtute. We have a volunteer
strategy which encotnpasses the training and developrnent of the individual. with regulai reviews and trainin9
opportunilies being highlighted.
In normal limes. we have around 35 active volunteers, and others who support from time lo time. Vdunleers
range from members of the Board Idealing with governance. strategic and busine55 ISsue51, Luncheon Club
support, and helping out with the general day lo day functions of the Instilule. such as Special Events, Weddings
and Family Events as well as a range of community activities. We have also introduced a form81 Volurteering
piogramme as part of our WCVA and 'Hive' projects.
Child and Youth Developrnent Centrn- Clwb Llan
Funded originally by Ghildren In Neeij bul now by The Nalional Lottery Brighler
Futures, the project was designed lo rnake a differen¢e lo the lives of young people in the following ways..
Enhanced Sell Belief
Less Socially 1501aled
Greater Aspiration

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES. REPORT (CONTINUEDIIINCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUAR Y 2024
In the last 12 rnonths. we have had the following progress against TNL outcomes".
Local children aged 0-16 and their fatnilies will have Improved health and wellbeing.. 268
Local children aged 6-16 years will have better eduoalional engagernent and prospects through accèssing
extra-curricular homework and learning support provisions.. 92
Localty deprived thildren aged O-16 will have better lrfe chances, as more paients develop confidence and
skills in their parenting.. 213 children. 142 parents
LoGal children aged >16 years will have heatthier diets through leaning how lo cook health meals from
scratch.. 109
Kids Summer Activitles
The fvnding received enabled Clwb Ll3n. our Children'5 Club, to run a e-week summer activities programme
covering drama, sport. science, art and craft, cookery, cinema nights with some activitie5 involving paren15 and
children.
Holiday Activities
We have continued to organise a programme of school holiday activrties for local chil(Sren including film clubs,
r8ft Clubs, street games, half term parties and we continue to offer free food to children al bregkfast and lunch
times
Food Distribution Contr•
During the pandemic we set up a 'Food Pantry., d15tributing free food to individuals and families locally. We
continued throughout the cuirent financial year lo supply weekly 50 adults and 65 children with top-up food
suppliès in Conjunction with Fareshare Cymru. We have now piloted and implemented a new progr8mme
'Cook Fresh. where we piovide 50 families and individuals a week wrth a healthy tneal foi 4-5 people Complete
with cooking Instructions for 8 contribution of £3.
'The Hlve, Project
We were awarded funding by UK Government Community Renewal Fund lo bring together lortnerfy tested
projects into a new pilot project.
The main elements of this project were ihÈ CommLJnity Food Hub, Readability (Adult Literacy) and Volunteering.
The concept was that thèse projects and, Indeed, our Clwb Llan project, should not be viewed in isolation bul that
Participants Could be cr0$5-referred between one part of the piogramme and another. Thus, for example
someone who was a volunteer could be referred into our Readability piogiatnme and vice vers8. For individuals
who engage in 'tailored sessions,, we carefully and confidentially record individuals. progress throughout the
process by means of Individual Development Plans.
Although the programme of our focus and the funding targeted unernployed and economically inactive people.
we did not exclude anyone from support who reqLJiied it who fell outside those parameters. The lundèr was
aware of this. We refer to the additional participants below as 'non eligible..
The project also aimed lo improve loolfall and visitor nurnbe15 to the In5titLJle. which we did suc￿SsfUlly.
In the 'Hive' project, referrals in were tllade from partner5 including Prime Cymru. Communrties for Work. Job
Centre Plus and Remploy. Refeirals out were made to BGCBC Adult Social Services. School of Haid Knocks.
Prime Cymru. Adutt Community Learnin9. BGGBG Library Service.
The Hive piojecl was ori9inally due to run until the end of September 2022 but, due to thè success of the
programme, funding w8s eKtend8d until the end of October 2022.
'Hive Connect, Project
This project was set up to expand the 'Hive' project and test and benefit frotn the les50n5 leamed. This project.
which was funded by WEFO RDP Cwm y Mynydd via Bla9nau Gwenl and Caerphilly Local Action Group, ran
from November 2022 and continued until May 2023.

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES. REPORT (CONTINUED}{INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2024
By the end of the S-monlh piojecl. 151 participants engaged 23 in Iileracy, 26 in volunteeiing, 120 in our Food
Cookery programme. Of the participants, 62°h were out of work adults (aged 16-651, 19.1) had no qualifications.
20,/0 were disabled and 81.10 were women. All reported increased confiderice and well-being. and 21°k reported
Increased employability.
'Hive Exten$ion' Project- UK Shared Prosperity Fund IUKSPFI Pèoplè & Skills has funded the 'Hive' project
since June 2023.
Total participants engaged between June 2023 and January 2024 201. of which 127 were socially
excluded.
All of our food projeds ale about learning how to cook from scratch with fresh. healthy and lower cost
ingredients.
'Cook Fresh, as explained above- 48 participants.
'Slow Cooker Club, 68 participants - prowded with a Slow Cooker 8nd laughl how lo use it. Provided with
ingredients and cooking Instructions for a family meal for 4-6 people each week for 6 weeks.
'Family Cookèry, 27 adults participating. 40 children. We know that when we teach families lo ccx)k, they
stay cookin9 together.
'Fill your Freezer'_ adult cooking- batch cooking - 29 participant5.
Readability- adull literacy- 35 participants.
Volunteeiin9- 28 active volunteer5.
UKSPF Multiply
This project commenced on a pilot basis in Novernber 2023. Entitled 'Numbercrunoh'. il uses Cooking lo develop
participants functional numeracy. Participants lo end January 2024- 19, 811 referied from partner organisations.
The UKSPF projects are ongoing- due to be cornpletod by ènd of March 2025.
Internal Partner5
Aneurin Bevan Complex Care staff for Blaenau Gwent and the neighbovnng counties, are now housed within the
fortner doclor's surgery suite of offices and run a 2417 care operation from there.
Head4Arts are also based al the Institute providing community services and access to development and
employment opportunitie5.
Gwenl Police are also prominent and provide us with advice and guidance.
Communlty Partners
The li51 below is non-exhaustive but setve5 lo show how important Llanhilleth Institute has become, as a
louchstone between the wide varièty of organisalions that nèèd to engage with people Iparticularly in relation to
tackling various issue5 of Social deprivation) and the local people that in turn. depend on accessing SLJch support.
It is algo kèy to providing thègè organigationÈ with vital opportunitigg for gharing Information, cornmunicating
community events and partneishiplcollaboiativè working.
Example5 01 some of our partner oiganisations and affiliates include the following".
Abertillery and Llanhilleth Community Councils,. Adult Learning Wales, Age Cymru,. Alun Davies AM, Aneurin
Bevan Health Board, A8 Leisure Trust, AB Leisure Sports Development., Blaenau Gwenl County Borough
Gouncil." BG Gounty Councilor5. BG Domestic Abuse (Phoenix Projecll." BG Housin9," BG SDci31 Services
(children and vulnerable adullsl." BG Community Hub, SG Food Partnership". BG Library Service." BGftvl", Breaking
arriers,. 8ridges Into Work, Business In Focus,. C4VI', CADW,. Caerphilly County Borough Council." Careers
Wales". Citizens Advice Bureau., Coalfields Re9eneralion Trust,. Community Connectors.. DBS.. Disorelionary
Ad￿ce Fund, DWP Supporting People Network. Eco-Exploie Developmer)I,' Fareshare Cymru., Footie Families
Ichildien's provision), Garnè On". GAVO". Growing Spaces,. Gwent Drug 2nd Alcohol Service..

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES, REPORT (CONTINUEDI(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUAR Y 2024
Gwenl Partnership Board," Families First," Flying Start". Ffin Dance.. Halal Irnenlal heahhl,. Head 4 Arts., Heritage
Societyb,. Heritage and Tourism Vjales., Hospice of the Valleys., Illegal Money Lending Unit., Job Centie Plus,"
Local emergencyladvisory services such as Gwent Police, South Wales Fire and Rescue, South Wales
Arnbulance Service., A￿Y Cadet5', Sl John Arnbulance.. Llanhillelh Tenants and Residents Association, Menler
laith.. Melin Homes." Mind,. NCT (Bumps and Babies)." Nick Smith MP,. Off the Streets. POBL.. PLJblic Health Wales.,
School 01 Hard Knocks," Shelter Cymru, Sight Cymru, Six BÈ115 Craft Club People5 Heahh Trust., St.IIYLyds
Primary School,. Soffryd Primary School, TAFE,. Tai Calon Community Housing,. Trussell Trust IBG Food Bank),
United Welsh Social Housing." University of South Wales, Valleys Task Force,. Vision 21.. Volunteering Matters.,
Volunleering Wales,. WCVA., We15h Govemment., Vvales Co-operative Centre., Young Carers, Zion Miners Chapel
Community Events
Various community events are held annually lo help lo build and provide social cohesion within Ihe local
communrty. Examples of these events include.. the annual Remembrance Service. Halloween Fancy Drèss Pdrty,
Christmas Fayrè. Macmillan Coffeè Mornings, the Surnmer Activity Prograrnme for children, and the Christmas
Pantomime.
On90ing a¢tiviliets include.
Community Hub
As part of their piogramtne to rnove activilies and advice closer to local people, Blaenau Gwenl County Borough
Council have sel up a Communty Hub in the Institute where they are available to meet local residents on one
day pei week.
Monthly Lunch Club
Lunch Club proves lo be very popular and consistently attracts around 80 people each month. The Lunch Club
continues lo host a pop-up charity shop for the 'Hospice of the Valley5, on a monthly basis. generating Income of
approximately £1,500 per annum.
ommunity Groups at the Institute
The weekly Knit and Natter group became constiluled in January 2018 and goes from strength lo strength. They
have continued 10 5UPPOrt nalional and local charities by creating, selling and donating knitted iterns. including
poppies, the incorne from which Is donated to the British Legion. The group now ha5 a monthly lable
at
Luncheon Club and have joined us at communily events such as St Illlyds Chnslmas Fair to iaise funds. Other
groups al the Inslrtute continue lo flourish e.g. Heritage Society, Tea Dance. Fitness Classes, Craft Club. Other
activities included CAB, Job Club, C4W. Baby Clini¢ and Burnps and Babies..
Abertillery 3-16 Engage Project
The Instilule provided space during the day in term lime and is wor￿n9 in conjunction with Abertillery 3-16
Engage Project whi¢h caters for pupils referred out ol the main stream activities. We try to afford the pupils Ihe
opportunity to volunteer and engage with us in a variety of activities, InclLJding our hospitality work. The youths
have also participated in our youth cookery 5e55ion5. The venue 5eetTTrS lo work well for the teachers and pupils,
with pupils demonslraling genuine and tangible progre55.
Reading Area
A reading area has been set up and a small library provision established.
Major Functlons
In 2023-2024, we held five'Cer?mony with Reception. weddings. There were 15 prNate functions in the period.
Ctsronavirus and thè Impaet on thè Institutè.
The normal hospitality Inslilule trading and the resultant income 5tream5 which ceased in March 2020 have been
slow to recover. Increasing effort5 are being made on the Marketing side logether with great emphas1s on
Customer Service and providing a Iirst-class customer experience.
We are enorrnously grateful lo all our funder5 both this year as well as in previous year5 and believe that current
and anticipated funding will allow us lo survive a5 an organisation and continue the very important work we are
engaged in.

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES. REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 JANUARY 2024
Financial ￿VIeW
The Institute. in normal times. relies on Income fmm classès and publiclprivate hiré, as well as social activities
with the level of fees and charges set to cover the operating costs. plus consideration given lo reserves.
Reserves Policy
The Trustee5 have set a reserves policy which requires".
Reserves are mainlgined al a level which ènsurèg that Llanhilleth Miners Institute Limited's core activity
could continue during a period of unforeseen difficully.
A proportion ol reserves are maintained in a readily realisable form.
The calculation of the required level of reserves Is an integral part of the organisation's planning. budget and
fore￿st cycle. It takes inlo account
Risks associated with each stream of income and expenditure bein9 different from that budgeled.
Planned activity level.
Organi531ion's COrnTnltrnents,
The appropriate level of TeseNes is currently set al three Tnonlh5 expenditure. This equates to £60,000 at
current average expenditure levels. We have plans Ihgt involve increasir)g our Sncome level. and these plans
should allow us tc) maintain our reserve levels at the target level going fo￿ard.
Loans
We have benefited during ltte pandemic from having the reassurance of low interèst loans from WCVA
repayable over 5 years- and a UK Governrnent 8ounoe Back Loan- repayable over 10 years.
Business Developmènt
The business is plarined lo develop in several ways and can be summarised as lollL¥WS'.
right control of cost5 will ensure that profitability levels are maintainèd and combin8d with increased
income, will allow reserves to be maintained at target levels.
Expand on successes and diversify setvices, focusing on areas that have a proven track record and with
potential lo grow.
Work with classes and grtsups to ensuie that they are sell-sufficienl by way ol funding and income levels
foi continued participation.
Review and act on processes to minim15e r15k lo the organisalion.
Maintain and improve service levels and increase training and developrnenl intemalty.
Expand partnership working.
Review pricing Cif rèntal agreements and other services and act on f1ndings.
Continue to develop Directois and Trustees.
Marketing
Much work has been undertaken lo build and develop the brand that is Llanhilleth Miners Inslilule over the last
years. when the shift to working digitally increased significantly due lo the pandemic. The Majority ol Marketing
and promotion Is done digitally u51ng various social Fnedia platforms, our website and third-party plalforrns and
websites le.g. Google My Business) but traditional fortns of marketing are still used for promotion. Social media
plattorms continue to grow with follower5 With likes continuing to Increase and Increased numbers of positive
reviews. Work is being undertaken lo further develop our brand, the webslte, Individual Giving and Corpor&le
Sponsorship as a new means ol fundraising. Gr&al stride5 have been made in building our digital profile and we
now have a firm foundation on which to further develop our slralegy and forward plan to grow brand 'Llanhillelh
Minèrs Institutè,.
Reserves
At 31 January 2024 the charity had unrestricted reseryes of £18,196 12023". £39,784) and unspent restricted
reserves of £84.892 12023. £74,484). The charily's free reserves were £18.196 al 31 January 2024. Total
ieserve5 were £103.08812023. £114,268).

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES, REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 JANUAR Y 2024
Plans for Future Perlods
We aim to build on our past successes and encourage new relationships with other organisatiOn5. We plan for
Llanhilleth Miners Institutè to become increasingly prominent as the key Community Hub for the area, working
with others in Cornmunrty Engagement in general as well as in specific project5.
To support these ambitions, the Institute now works in aceoidance with the stiategy set o>ut wrthin its Business
Plan and associaled Community Engagement Plan.
Structure, go¥èrnan¢e and management
Constitution
Llanhilleth Miners Institutè is a charitable company limited by guarantee and è registered Ghaiily governed by ils
itmernorandum and Articles ofAssocialion.
Tom Vthyatt MBE is chair of the Board ol Direetois. The BD8rd sets the organis*ion's strategic and operational
direGlion 8nd is responsible for the future development ol the Institute. Regular Board meetings are held.
Due lo funding constraints, Ihe Institute was without a General Mana9er from 2012 unlil 2017 In the meantime,
the Inslitule was sustained by the loyally and efforts ol 115 51aff and volunteers supported by some very generous
and tirnely external funding. As stated above, longer term loans are held with WCVA and Barclays (Bouncè Back
Loanl. FLtnding wa5 obtained in 2017 to appoint a General Manager, bul regrettably, due to funding c(Yslraints,
we were unable ID maintain the position of General Manager beyond the end ol August 2019, and. since
September 2019, thè rtslè has been fulfilled by members of the Board. Staff have promded the￿1 lull support. To
fulfil the slrategic direction, the Board appointed a full time Community Engagetnenl Man3gei and a full time
Operations Manager reporting directly lo the Board. These roles are supportèd by a fLJlI time Project Coordinator
and a part lime Finance Officer.
Governing document
Llanhilleth Miners Institute is a Charitable Company, Lirniled by Guarantee, and the goveming documents were
filed wilh Companies House on 18 January 2007, the dale of incorporation. Following advice from Wales Co
operative Centre, the Instllule atnended the goveming documents on the 20 September 2012 al an Extrwrdinary
General Meeting.
The membership fee is a token payment of £1 per annum.
New Board members shall be elected individuèlly at each Annu81 Gen8ial M8eting by all members present.
Risk management
The Directors and Trustees have g cotnpiehensive risk register which is regularly reviewed. It details the
likelihood and impact of the risks that the organisation could face.. the establishment of plans to mttigale Ih05e
li5ks, assessing the net impacl rating after mitigation actions and identifying any further actions required.
This work has identified that financial sustainability is the major risk for the organisation. G(>od stratègic planning.
good financial planning and management allied lo sound projecl rnanage￿ertt and optimi5ation of both internal
ievenue stream5 and exlernal funding are key mitigating factors.
Focus is also placed on the non-financi31 risk arising from fire. he8llh and Safety ol employees and visitors as
well as food safety and hygiene.
IT Systems is also fell to be a key risk area and the management of this is Outsourced 10 3 professional provider.

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES. REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUAR Y 2024
Reference and Administrative Information
Registered numbers
Cotnpany number." 06056945
Chaiity numbèr".
1128924
Directors & Trustees
The directors of the charity are 115 trustee5, for the purpose ol charity law and throughout this report they are
collectively referred to as Iruslees.
Tom Vthyatt MBE
Julian Bosley
Rosemary Cribb - iesigned 31 JLJIY 2023
Laura Doel
Philip Fiander
Keiry Carter
Jade Mor93n
Wayne Lewis
Mark Etchells
Principal address and regist&r&d office
Llanhilleth Inslrtute
Abertillery
Blaenau Gwenl
NP132JT
Independent gxaminer
Andrew Howells
Azets Audit Services
Ty Detw
Lime Tree Court
Caidiff Gate Business Paik
Cardiff
CF23 8AB
SolleStors
Gartsides
Rother House
11 Neville Street
Abergavenny
Monmoulhshire
NP7 SAA
Bankers
Unity Trust Bank plc
Nine Brindleyplace
Birmingham
B1 2HB
Business reviewers
Wales Co-operative Centre
GAVO Ectsnomic Development
The trustees, report was approved by the Board ol Trustees.

LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2024
Twhyatt MBE. TTusts•
Trustoe
D3led'.

LLANHILLETH MINERS INSTITUTE LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 JANUAR Y 2024
The Iruslees, who 3re 31so the diieclDrs of Llanhillelh Mineis Institute Limited for Ihe purpose ol company law, are
responsible foi preparing the Trustees. Report and the financial statements In accordance wrth applicable law and
United Kingdom Accounting Standard5 (United Kingdom Gener8lly Accepted Accounting Practieel.
Company Law requires the trustees to prepare financial staternents for each financial year which give a true and fair
view of the slate ol affairs of the charity and of the incoming resources and application ol reSour￿s, including the
InGome and expenditure. of the Gharilable company for that year.
In pieparing these financial slalemenls, the trustee5 are required to-.
select suilable accounting policies and then apply them consistently..
observe the methods and principles in the Chanlies SORP..
rnake judgements and estimates that are reasonable 3nd prudent, and
prepare the finanGial slalemenls on the going wrTrcern basis unless it 15 inappiopiiale to presume that the charity
will continue in operation.
The trustees are iesponsible for keeping adeqLJate accounting records that disclose with reasonable accuracy al
any time the financial position ol the oharily and enable them to ensure that the finanEial statements corTrply with the
Companies Act 2006. They are also responsible for safeguarding the a55e15 Df the charity and hence for taking
reasonable sleps for the prevention and detection of fraud and other Irregularities.
The trustees are responsible for the wainlenance and integrity ol the Chanty and financial information included on
the charity's website. Legislation in the Unilecl Kingdom governing the pieparation and dissemination of financi31
statements may differ from legislalitsn in other jurisdictions.
10-

LLANHILLETH MINERS INSTITUTE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LLANHILLETH MINERS INSTITUTE LIMITED
I report to the Iruslees on my examinalion of the finanaal slalements of Llanhilleth Miners Instrtule Limited (the
charrtyl for the year ended 31 January 2024.
Responsibilities and basis of report
A5 the Iruslees of the chairty land also its directors for the purposes of CDmpany lawl you are responsible for
the preparation of the fin8r)cial slalernents in accordance with the requirements ol the Companies Act 2006
Itha 2006 Actl.
Havin9 satisfied mysew that the financial st3tèTnenls of the chanty are not required to be audrted under Part 16
of the 2006 Acl and are eligible for Independent examinalion, I report in respect of my examination of the
charity'5 financial slalement5 carried out under Section 145 01 the Charilies Act 2011 (the 2011 Acll. In carrying
out rny exarninalion I h2ve followed all the applicable Directions givan by thè Charity Gomrnission undei
section 14515llbl of thè 2011 Act.
Independent examinerfs statement
Since the charity's gross Incorne exceeded £250,000 your examin8r musl bè a mernber of a body listed in
section 145 of the 2011 Act. I confirrr that l am qualified to undertake the èxaminatitsn because l am a m8mber
of Institute of Charteied Accounlanls in England and Wales, which is one of the listed bodies.
I have completed rry 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..
accounting records were not kept in respect ol the charity as required by section 386 of the 2006 Act., or
the financial statements do not accord with those records", or
the financial slalements do not comply with the accounting requirement5 01 section 396 of the 2006 Act
other than any requirement Ihal the accounts give a true and fair view which is not a matter considered as
part of an indèpéndent examination., or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recorntllended Praclice for accounting and reporting by charities applicable to chaiities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Rapublic tsf Iiéland IFRS 1021.
I have no concerns and have come acioss no other matters in oonneclion with the examination to which
attention should be drawn in this report in ordei to ènable a proper understanding of the finanGial slaternents to
be reached.
Andrew Howells
Azels Audit Services
Ty Derw. Lime Tree Court
Cardiff Gale Business Park
Cardiff
CF23 8AB
United ￿ngdoM
Dated".

LLANHILLETH MINERS INSTITUTE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUAR Y 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Donations and
legacies
Charitable activities
Other charitable
272
272
409.155
1.099
7.750
1.099
342.926
409.155
335,176
156,264
71
156,264
71
188,105
674
188.105
674
Other incorre
Totsl intom•
156,607
409.155
565.782
197.628
335,176
532,804
en
Charitable activities
178,195
398,747
576,942
256,405
316,234
572.639
Net lexpendi¢urellin¢ome
for the yearl
Net movement in funds
121,5881
10,408
158.7771
18,942
139,8351
Fund balances al 1
February 2023
39,784
74,484
114.268
98.561
55,542
154,103
Fund balancès at 31
January 2024
18,198
84,892
103,088
39,784
74,484
114,268
The slatetnent of financial activities includes all gains and losses recognised in the yeai.
All income and expenditure derive from continuing activities.
The slalernenl of financial acliv(Lies also cotnplie5 Vlith the requirements for an income and expenditure account
under the Companies Act 2006.
12-

LLANHILLETH MINERS INSTITUTE LIMITED
BALANCE SHEET
AS AT31 JANUARY 2024
2024
2023
Curr•nt as#•ts
12
13
2,128
91,322
73.177
2.5S8
45.561
142,6
DebtOT5
Cash at bank and in hand
186.627
190.784
Crndltors: amourrt¥ falllnq du• wmhln
ono year
14
122.5341
126,8411
Net ujrrant Bssets
144,093
163,923
Cr•dltorn: amounts lawlng due after
more than onè year
15
141,0051
149,&551
Net assets
103,088
114,26B
IAeom• funds
Restricted funé5
Unr•8trlc*ed funds
18
84.892
18,196
74.484
39,784
103,088
114,268
Thg ¢ornpany18 gnlltted to tha examption from the e¢Jdit wuir8rn8nt (xjntalned In Sectlon 477 of the Cornpanlès Act
2006, for the year end8d 31 January 2024.
The dlrector acknowledges hls résponsiblitles for Compl￿￿￿ ¥￿th the requiremenls ol th& CL>mpani88 Act 2006 ￿th
resped to aecounting rowrd6 and the preparatlon of ffinanclal sta18ment8.
These Btstements hgve beern prvp4r8d in oc¢xrd8n¢o wlth the p￿slon$ apF4icab18 to com￿nI05 6u¥gCt
10 the 6mall eompanles regime.
The atrx)unts werè oPPmV8d by the Tn￿teeS on .. ....
T Whyatt MGE
TN•ts•
Company R•o15tratlon No. 0605694S
13-

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUAR Y 2024
Accounting policies
Charity inforniation
Llar)hillelh Mineis Institute Limited is a COTnpany limited by guarantee whose registered office is Llanhilleth
Inslitute, Llanhillelh, Abertillery. Gwent. NP13 2JT. The guarantors are the trustees as sel out on page 8, The
liability is limited lo an amount of £1 per member in aecordance with the company'"s Memorandum ol
Assoeiation.
1.1 Accounting convention
The financial statemenls have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and "Accounting and Reporting by Charities.. SlalerNenl of Recommended PraGtice
applicable to chaiitiès preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Iieland IFRS 1021 leffeclive 1 January 20191 The charity Is a Public
Benefit Entity as defined by FRS 102.
The ¢h3rity has lakÈn advanl8ge of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not to prepare a Statement ol Cash Flow5.
Thè financial statements are prepared in slerling, which is the fundional currency of the charity. Monetary
arnounts in these financial statements are rounded to the nearest £.
The financial st31ements have been prepared under the historical cost convention. The principal accounting
policies adopted are Sel out below.
1.2 Going eoncem
At the time of approving the financial statements, the Iiuslees have a reasonable expeclation that the charity
has adequate resources to continue ir) operational existence for the foreseeable future. Thus the trustees
onlinve to adopt the going concern basis of accounting in preparing the financial statèments.
1.3 Charitablè funds
Unrestricted funds are available for vse at the discietion of the trustees in furtherance ol their charitable
objectives.
Restricted lunds are subject 10 5pecifi¢ conditions by donois as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the IinanGial statement5.
1.4 Income
Incotlle is iecogn15E¢J when the ¢harity is legally entitled to rt after any performan¢e conditions have been met,
the arnounts can be measured reliably, and it is probable that Income will be received.
Cash doinalions are recognised on receipt. Other donations are recognised once the ¢harrty has been notified
of the donation, unless performance Gondilions require deferr81 ol the amount. Income tax recoverable in
relation tts donations received under Gift Aid or deeds of covenant is recognised al the lirne ol the donation.
14-

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies
IContinu•dl
Bar. café and catering sales are recognised on receipt.
Income from grants is induded in incoming resource5 when these are receivable, except as follows..
When donois specify that grants musl be used in future accountin9 periods, the income is deferred
until those periods.
When donors impose conditions whiGh have been fLJlfilled before the charity becomes enlilled to use
such incorne, the income is deferred and not Included in incoming resources until the pre- conditions
for use have been met.
Tumover is measured at the fair value of the consideration received or receivable and represents amounts
ceivable lor goods and Services provided in the normal tourse of business, net of discounts, VAT and other
sales related taxes.
Lease income is rectsgnised when the charity becomes legally entitled to the income.
Incorne from weddings is rècognised in the period to which it relates to, with incomè being deferred in to the
next financial year as necé5s3ry
1.5 Expendlture
Expenditure is reo)gnised once there is a legal or constructive obligation to make a payrnent to a thiid party, it
is piobable thal settlement will be required and the arnounl ol the obligation can be measured reliably.
Expenditure on charitable actiwties includes all costs ielating to the furtheran￿ of the charitls objèdives as
stated in the Iruslees report and their associated support wsls.
Governance costs comprise all costs Involving public accountability of the chaiity and ils compliance with
regulation and good practice.
There has been no offsètting of asset$ and liabilities, or income and expenses.
1.6 Tangible fixed assets
Tangible fixed asse15 are initially measured al cost and subseqLJently measured al cost or valuation. nel of
depreciation 8nd any impairment losses.
Depreciation is iecogni5ed so as lo write off the cost or valuation ol assets lèss their residual values over their
useftjl lives on the lollowing bases".
Plant and equipment
20Q/o and 33.10 Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
nd the carrying value of the asset, and is r&cognised in the statement tsf Iinanoial activities.
1.7 Stocks
Stocks are stated at the ltswei of cost and eslirnaled selling price less costs to COTnplele and Sell. Cost
comprises direct materials and. where applicable, direct labour costs and Ihose overheads that have been
inCUr￿d in biinging the stocks lo their present location and condition. Items held for distribulion at no or
nominal consideration are rneasured the lower ol replacement cost and cosl.
Nel realisable value is the e51imaled Selling piice less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
15-

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies
Continued)
1.8 Cash and cash eqvivalents
Cash and cash equivalents include c35h in hand. deposits held at call with banks, other 5hort-lerm IIqLJid
investment5 with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings In current Iiabililies.
1.9 Financial in5trurnèrtts
The charity has elected to apply the provisions ol Seclior) 11 'Basic Financial Instruments, and Section 12
'Olher Financial Instruments Issues, ol FRS 102 to all of Its financi81 in51iuments.
Financial Instrumen15 are recognised in the charity's balance sheet when the charrty becomes party lo the
contractual provisions of the insliurnenl.
Financial assets and liabilities are offset, with the net amounts presented in the financial slalements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis 01 lo realise the asset and sertle the liability sirnullaneously.
B451¢ finaneial assets
Basic financial assets, which include debtors and cash and bank b31anEes. are initially measured al
transaction price including transaction costs and are subsequently carried 51 amortised cost Using the effective
interest method unless the ariangetllent constitutes a financing Iransaclion, where the Iransa¢tion is
measured at the present value of the future receipts discounted al a market rale of interest. Financi31 assets
classified as receivable within one year are not amort15ed.
Dèrècognition of financial assets
Financial assets are derecognised only when Ihe contr8dual rights to the cash fiows from the asset expire or
re settled or when the charity transfers the financial asset and subslanli8lly all the rssks and rewards ol
ownership to another enlily. or if sotne significant risks and rewards ol owr)er5hip are retained bul control ol
the asset has tiansferred lo another party that Is able to sell the assel in Its entirety to an unrelated third party.
Basie financial liabilities
Basic financial liabilities, including ¢redilor5 and bank loans are initially recognised at Iiansaclion price unless
the ariangement constitutes a financing Iiansadion, where the debt inslrument is measured at the p￿Sent
valuè of the future payments discounted at a market rate of inleresl. Financial liabilrties classified as payable
within one year are not amortised
Debt instrumen15 ale subsequently carried at amortisèd cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods Qr services that have been acquired In the ordinary course ol
operations frotn supplieis. Atnounts payable are classified as currenl liabilities if payrnent is due within one
year or less. If not, they ale presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently rneasured al amortlsed cost using the effective interest method.
Derèeognition of financial liabilities
Financial Iiabililies are derecognised when the charity's contiaetual obligations expire or are discharged or
eancelled.
1.10 Taxation
As a registered charity, Llanhilleth Miners Institute Limited is entitled to the ex&mption fr(>m taxation in respect
ol incorne 2nd capitzl gains received with sections 478489 OY the Corporation Tax Act 2010 and section 256
ol the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo Its charitable objects
purposes only.
16-

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies
IConUnuedl
1.11 Employè• bèn•fits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Teimination benefits are rectsgnised immediately as an expense when thé charity is demonstrably committed
to lerrninate the employment of an ernployee or to provide termination benefrts.
1.12 Retirement benefits
Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13 Company ststus
The charity is a company limrted by guarantee. The members of the company are the Board of Managémènt
named on page 7. In the event ol the chaiity being wound up, the liability in respect ol the guarantee is limrted
to £1 per member of the chaiity.
Critical accounting estimates and judgements
In the application ()f the chaiity's accounting policies, the trustees are iequiied to make jLJdgemenls, eslimales
and assumptions about the carrying amount of assets and liabilities that are not rÈadily apparent from other
sources. The eslim3tes 3nd associated aSSLJmptions aré basèd on historical experience and olhei factors that
are considered to be relevar*t. Actual results rnay difl8r from thes8 eStim8t8S.
The eslirnates and undedying assumptions are reviewed on an ongoing basis. Revisions lo accounting
èstimates arè recognisèd In thè period in which the estimatè is rèvisèd whÈrè the revision affects (￿lY that
penod. 01 In the period of the revi5i0n and fLJlure peiiods where the re￿$lOn affects both current and future
period5.
Donations and legacies
Unrestrlctod Unrestricted
lunds
funds
2024
2023
Donations and gifts
272
1.099
17

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 JANUARY 2024
haritable activities
2024
2023
Grants
409,155
342,926
Analysis by fund
Unrestricted funds
Restrioled tund5
7,750
335,176
409,155
Grants
Tudor Trust
B8C Children in Need
Community Council ol Abertillery & Llahillelh Clwb Llan
WCVA. Volunteering
WCVA- Comic Rèlièf
Welsh Government Economic Resilience Fund
UK Cornmunily Renewal Fund via BGCBC
BGCBC- Warm Hub Grant
BGCBC_ Food Dislribulian
WG Food Poverty Grant- Food Hub
CIDlhworkers Foundation - Kitchen Refurbishment
A8UH8 Food Access Inilialives
BGCBC Household Support Fund
Tai Calon - Donation for SurnmerActiwties
Tai Calon - Sensory sèssions
WEFO RDP Hive Piojecl
The Natitsnal Lottery Awards for All- Children's Activities
Western Power- Holiday Hunger
Asda Foundalion- Slow Cooker Pilot
Garfield Weston Foundalic)n
BGCBC Summer of Fun
Loneliness & Social Isolation Fund
Llanhilleth Flood Relief Donations
CADW- Infrastructure projects
UKSPF People & Skills via BGCBC
UKSPF Mulliply via BGCBC
UKSPF Communities & Place wa BGCBC
The Natiorial Lottery Brighter Futures
Henry Smith Foundation
Tai Calon Meal Kit Piltst- Cook Fresh
BGCBC Holiday Hunger
The National Lottery Awards for All Childiens Activities
Communities Foundation Wales and Principality Cooking
Other
30,000
23,098
621
11,855
18,385
7.500
143,753
5,000
1.OQQ
29.725
9.195
4,090
1,067
20CI
2.100
38.097
10.000
2,500
1.455
30.000
1.600
1.535
955
27,736
6,000
1,933
70,045
10,000
1,250
2,809
4,950
109,505
28,182
640
60,300
25,000
7,500
2.000
10,000
10.000
350
409,155
342.926
18

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
Other charitsbl• activitiès
Unr•strictsd Unreslricted
funds
funds
2024
2023
Luncheon clLJb
Bar sales
Cafe. catering and Christmas party Income
Lease income
Classes, roorn and equipment hiie
Wedding income
Funding conlribulions
Ticket and raffle Income
3,922
41.758
42.474
19,000
18,349
16.153
11,049
3,559
4,307
33.071
35,929
19.000
17,894
32,849
41,664
3,391
Olher charitable aclivities
156.264
188,105
Othtr income
Unrestricted Unrèstricted
fund$
fund$
2024
2023
Other income
71
674

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 JANUAR Y 2024
Charitable aetlvltles
2024
2023
Staff costs
Cafe 8 bar stock consumed and wedding e￿ra$
Consumables
Artist lees and disco
Direct project costs
Rates
Insurance
Light and heal
Cleaning, repair5 and maintenance
Advertlsing. telephone, printing. postage and stationery
IT support
Hire of equipment
Travel. transport and general expeDses
Legal and professional
Volunteer expenses
Qlhei charitable expendituie
333,815
57,977
1,715
12.617
68,527
3.045
10.514
28,956
20,396
7.050
14.175
889
7,816
5.898
122
200
301.914
56.926
1.803
8.216
100,453
2.174
17.352
27,584
13,104
7,523
13,772
1,286
7,352
9.484
73
1,228
573.692
570,244
Share of governance coslg Isee notè 81
3.250
2.395
576.942
572.639
Analysis by fund
Unrestricted funds
Restricted funds
178.195
398.747
256,405
316,234
576,942
572,639
Support costs
Support Goveman¢e
costs
costs
2024
2023
Independent examinalion lees
3,250
3,250
2.395
3,250
3.250
2,395
Analysed behveen
Charilable aclivrties
3,250
3.250
2.395
20-

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 JANUARY 2024
Employees
Number of employees
The average monlhly number ol employees during the year was..
2024
Number
2023
Number
Full time ernployees
Part-time employees
16
24
16
Employment costs
2024
2023
Wages and sa13ri85
Social security costs
Other pension costs
309.333
17,293
7,189
293.906
4.801
3.207
333.815
301.914
Key management personnel
The key tnanagement personnel of the d)arity received remuneration (Consisting of gross salary, ernployers
national Insurance and employeis pension contributions) totalling £119.35812023 £114,7241.
There were no employees whose annual remuneration was £60,000 or more.
10 Trustees
No trugtee received remuneration during the current or previous year in their capacity as trustee
No expenses h8ve been paid lo the trustee5 during the ¢urrenl or previous year.
21

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
11 Tangible fixed assets
Plant 3nd equipment
Cost
At 1 February 2023
147,525
At 31 January 2024
147.525
Dèpr•ciation and impaimiènt
Al 1 February 2023
147,525
Al 31 January 2024
147,525
Carrying amount
At 31 January 2024
At 31 January 2023
12 Stocks
2024
2023
Finished goods and goods for resale
2,128
2,558
13 Debtors
2024
2023
Amounts falling due w4thin one year..
Trade debtors
Other debtors
89,330
1.992
45,561
91,322
45,561
14 Creditors.. amounts falling due within one year
2024
2023
Notes
Borrowings
Other taxatiOf7 and soGial security
Deterred inctsme
Olher creditors
Accruals and deferred income
8,649
8,649
1,480
6,430
5,839
4,443
16
6,418
2,374
5,093
22.534
26.841
-22-

LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
15 Creditor5'. amounts falling due after more than one year
2024
2023
Borrowings
41,005
49,655
16 Oeferrod income
2024
2023
Other deferrèd income
6,418
6.430
6,418
6,430
Deferred income Is included in the financial slalemenls as follows..
2024
2023
Balan￿ broughl forward
Income le￿]Ved
Incowe released
6,430
29,928
129,9401
7,802
46,484
147.8561
Balance carried forward
6,418
6,430
Deferred inwme relates to wedding and other deposits received in advance ol the event taking place.
17 Retirement benefit schemes
Defined contribution schgme3
The charity operates a defined contribution pension scheme foi all qualifying employees. The assets of the
scheme are held separatety fitsm those ol the charity in an independently admin15tered fund.
The charge to profit or loss in respect of defined contribution schemes was £7,18912023'. £3,207).
There were no amounts outstanding at the current or prior year end.
-23-

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LLANHILLETH MINERS INSTITUTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
19 Analysis of net assets be￿een funds
Unrestricted Re3tri¢ted
funds
funds
2024
2024
Totsl Unrestricted Restrictsd
funds
funds
2023
2023
Total
2024
2023
Fund b8lances al 31
January 2024 are
repr@senled by
Currènt asselsllliabilitiesl
Long tetm liabilities
59.201
141.0051
84,892
144,093
141,Q051
89,439
149.6551
74.484
163,923
149.6551
18,196
84,892
103.088
39.784
74,484
114,268
20 Related party transactlons
During the year, no trustee5 were reirnbursed lor Iravelling expen5e512023." £1961.
No tmstees invoiced the eharily for their services during the year12023.' £5,411) There were no amounts
oulslanding at the current or prior year end.
-29-