RE(45YÉAÉDCOMPANY NUMBU¢: 06742270 (Entsnd and WalÉsl REG￿ERED(1{AAlTy NUMBER.. 1145675 REPORfoFIHE TRiISTEES ANO FINAPKiALSTATEMEIITS FORIHE YEAR ENDÉD JISTDECEPABER 2024 IA COMP*M UMITED BY GUARANTEEI afonydd cymru CaMon ETL Tuthr House 16 Cathedral Road Cardiff CFii 9U AFOlnDO CYMRU CYFYNGEiXG CONTEf4TS OFniE HNAPKIALSTATEMEPtrs FOR THE YEAR ENDED 31ST OECEMBER 1024 P￿e R*FMMtottheTrustees dependeAt Exam1h￿S RÈpxt Statemént of Finamal A¢ii¥iknes ststement ol Hn*fitial Positk)n Notes tolhe Fin4n¢bal SlJtemEnts 5 to 10 DetaHed Ststemert of Anandal Actfvltle5 voRniE YEAR ENDED JIST DECEMBER 2024 The trustees who are also directors of the charity for the purpose5 of the CompaNe5 Act 21J)6. present their report with t financial statements of the charity ior the ended 31st December 2024. trustees have adopted the pro¥lslons of Accouoting and Rew)rbng by Charities.. Statement of Recommended prart￿e applKabbe w charilie5 prpparing their Iccounts in accordarte b*th the Finaftcial Reporting Stsr*Yard aP￿1(a￿tin the UK arxl RepublKoflreL•nd IFRS 1021 leffects¥e J January 20191. STAATEGIC REPORT Gokng roncerrt The trustees £on&der that there rio matertsl uncÈrtainties aljout the thority'5 th.lity to con1tr￿￿ a5 4 8OLng £oncern, nor any signlficant are35 of untÈrt3inty that affect the carryir* ¥alue ol assets held by the chaThty. STrUCTUR£, GOVERNANCEAND MANAGEMEllf raov¢rnkn8 dotument The charity 15 iontrolled by its 6overning docurrent. • deed of trusi. and consriiutr5 a INnI1￿ company. limited by guarantee. as defined by the CompaniesAd lo￿. ReFERENCE AND AOMINisfRATf4E DETAILS Reelsteied Comparry rNxnbEr 06742270 (England and Wales) Resi￿ered Charlty number 1145675 rte￿5tered offlce The Ri6ht Bank The sq￿re Talgarth Brecon L03 OBW Trust¢¢S M5 H Afvis li*swned 20IV20251 Mrsc A Evans Ireygned 2011120251 Mrc H3rvev The Viscount C Mills Mrj Pimblett Ire5igfLed 20IV20251 MT P Powdl Mr A Ree5 Iresi8ned 2011120251 Mtsc A Lehane lappothtÈd 20/V20251 Mr R J Ma885 lèppolnted 201in0251 Mr C S G Newington-8rid8e513ppolnted 2011120251 Mr A J Schofield (appointed 201112025 Mrs KAWhltfield (appointed 2011120251 Independent Examintr Car5ton ETL TydDr Hoyse 16 Cathedral Road Cardtff CFII 9U Report f the ees. incorw>rating a strateEK reFK)¢ akvoved by order of thE bjard of trustees. as the company direttofs, on fid s8ned on the board's behalf by.. r P Powell- Truste PaEe I IPKIEPEIIDEPITEXAMIMERSREPORTTOTHE TRisfEES < I report to the charitytrustee5 on myexarninat￿ of the accounts of the Ccrfnpany kytheyear eThJed 31st December 2024. Responslbllttle5 ￿$15 of repryt A5 the charily's tru5tee5 of thE Company land also rts directOT5 fDr thE PUTPtsSts of rmpArby lawl are responSi￿e for the prepar8tv)n of the accounts in accord3Thce with the requlrements of the compan￿ kt 2C061'the 2CA)6Act'l. Havln8 satisfied myself thot the of Comparry are requKed to ￿ a*llt•J wder Part 16 of the Ad and are ell¥lble for independent examina11L￿. I report in respect of my examinatN)n ol yoyr charity's atcthjnts as carried oui under 5ettion 145 of the CharitR5 Act 2011 Ilhe 2011 Acr'l. In carr￿￿ out my examinaixJTr I ha¥Y Folknwed the Dlrections 8wen by the Charity Commlsslon under Section 145ISI Ibl of the 2011 A£1. thdÈpendert eA*mln¢es stateme I have comtAeted my examinaiion. I ctythrm that no m•ttets have come to my aneN¥)n ki cMnertK)n with the examinètK)n Eiving flle cause io belleve: couTrtiTr8 re(ords were not kept In respett of the CO￿a$reqLN1ed by Sertv)n 386 of the 2CI)6Act.' or acctyjnts do r4)t accord with those records.. or the accounts do not Comp￿ wilh the accountinR requirements of Settion M of the 20fkn Att OtheT than any requlrement that the accounts give è true and fairview whkh is a matwconydered a5 part ofan independent examlnation-. or the accounts have not been prepared in accordance with the rnethod5 and prinoples of the Statement ol RecomrnpndÈd Practice for accoun￿￿¥ and re￿rtift￿ by d)arrties lapplKable to Charit￿5 k¥eparin8 their ¥caunts in accordance with the Financial Reporting Standard applicaNe in the UK and RepublK of Ird*bd IFAS10211. I have no tth)eerns and have across no other matters in connection with the exwth¥tion ty whith attenth￿ should be drawn In th1$ report irtorder to onable a proper uMlerstsnth8of 1heacro￿tstO be Tearthe Hwi Carter FCCA The Assodarion ofCh3rtered Certffjed Aryountants rston ETL Tudor House 16 Cathedral Road Cardiff CFII 9U /..7.../ZS ONYDD CYMRU CYFYIIGEDIG sTATEMEp￿oF WNANCWLAcnvinES FOR THE YEAR ENOEO 31ST DECEMBER 2024 20Z4 Tota lunds 2023 Total fund5 UnrestrKted fu Restrued fij Notes INCOME ANO ENOOWMENf5 FRThM Donations and1eEacie5 74291 134M7 240.584 Inve5trnent income Other Income 50 1,193 17,5(Ml 15 Total 75.596 74,J41 149237 259,277 EXPENDITURE 011 Chawltsble ac¢lvStl¢s General 66￿ Jiig 178WZ7 208.023 NEf INCOMEIIEXPENDITUREI Trjnsters between 137.5741 19U811 12&8901 51,254 92281 Net movement In fvnds I￿.965 1129JSSI 12B.8901 51,254 REC014CILIATION OF FUNDS Total funds brought forward 126.310 222J28 171,574 TOTAL FUNOSCARRIED FORWARD 83 13.5451 193,938 222,828 note5 fomi partof these finantial statemem5 Pa8e a srATEMElnOF FINAt4aAL posmoN 31ST DECEMBER 2014 1024 2023 Noies FIXED ASSETS Tafi8ible assets li 276 CVIIREKf A55Ers Debtors Cash at bank 12 29A 171,689 28,978 196.977 2rJ),731 225,955 CREDITORS Armunts f311ingduewithkn onÈye31 13 16,9311 13,4031 NETCiIRRENT AS￿5 194 222,552 TOTALASSEfs LESSCUKREpif L￿LIT￿s 193J38 222,828 NET ASSETS 193,938 222.828 FUNOS UnrestJKted funds Restrirted funds 197A83 13,5451 %.518 126.310 TOTALFUND5 3.93 222.828 The charitable company Is entitled to exemption fmrn aurfrt under Section 477 of the ConwrHes Act I￿6 for the year ended 31st December 2024. The members have not required the company to obtsiTh an audfÉ of tts financialstaternentsfor the year ended 315t DeCem￿r 2024 sn accordance￿1h Section 476 01 the ComponiEsAtt 2C￿6. The trLtstee5 acknowlet*e their re4￿Sib*1{t￿s lor en5urin8 that charitable company keep5 record5 that CoM￿YW1th Sertton5 386 and 387 of the com￿leS Art 2￿)6 and preparin8 financial stètements whith give a true and fair Trfftw of the siaie of afFairs of ￿ charitable rompany as at the end of each fironcval year and of fts s￿￿US or def￿1 for eath financial Ipar in acti￿￿3￿(e with the requirements of SectKin5 394 and 395 and which oiherwise comt* with thÈ rewlremenis ￿the Companies 2(￿ Telating to financSal statements so far as applicable to the tharitable companv. The finaKial staterrbents were apwo¥ed ty the Board of Tntstees and atrttsNised foris5ue Thi ..... . . siqned on its beha￿tsy.. a6)d were Mr P Powell-Trustee The notesfomi part of t￿ser￿￿traI staten*nts Page 4 AF014YDO CYMRU CYFYP4GEDIG NOTESTO THE FINANCJAL sfATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 1024 AGENCY INCOME AND EXPENDITIJRE Funds received dJrine the yeaf and dislributed to COnr￿d pardes under an agm agreement are not treated ￿ income and expendf(urÈ of the entity and are not, therefofe, presented in tIEfinantki1 ststeffiEnts Df the entitv. AccoviniNG POUCIES Bas1$ ofprepari￿ thethandal ststemeDts The financial statemeTrts of the charitable cotnpany. wh￿h s a public benefrt enirty under FRS 102, ￿ve been prepared in accordance with the Charities SORP IFRS 1021 'Accountin8 and Reportir* by Chartties.. StstemeTrt of RecoFnrnended Practice applicable to chorities preparing their accounts in accordance with the fina￿la[ Reportln8 Sta￿dard applicable in the UK and Republic of Ireland IFRS 1021 leffe£iive l JanI￿ry 20191,, Financi4 Reporting Standard 102 'The Finaricial Rew)rtin£ Standard ap￿Kable in the UK and Republic ol Ireland, and the C(Mnpanie5 Act 2(A)6. ThE financial statements have been pre￿red undef ihe ￿$tor￿al c(151ronvEnliDn. Flnancial reporknrv4 standard 102- rnly￿d exempikns The tharitable company has taken advantage of the followirtg dtstk>yJrÈ exemptton in prÈparing these financial statements, as pÈrmttted by FRS 102 The Financial RepDrtIll8 Standard applKablein the UK and RepU￿1C of Ireland,: the reouiremenrs of Section 7 StatÈmÈnt of Cash Flows. lficorne l income is Tecogni5ed in the Statement ol Finan(ial Actwities once rhe hBs entitJeme*i to the funds. it is probable th3t the income will be receNed and the amount tan be measured reliabty- EXper￿￿t￿re Liabiliiie5 are rero8ni5ed as expenditure a5 soon as t￿re is a legal or cOr￿tr￿tive0L4￿al10n comrnitting thE charity to that expenditure. it is probable that a transfer ol economic benefft5 will be rewired in 5etdptnent ar￿ the amouni of the obligation can bÈ measured reliatAy. ExpenditwÈ is accounted for on an ￿(rUalS bass ané has been cla55ified under headings that a8gregate all cost related to the category. Where c05t5 cannot be directty attributed to particular headings they have been allocated toactivities on a basisCOftsiStent withlhe use of re￿Urtes. TaTh8lble flxed assets Depreciation Is provided 31 the lolb)wire annual rates in orderio write off eath a$5etover itsestim3ted useful life. Plant ènd machinery 25% straight linp on Cosi Taxatlon The charity is exempt from corwjratlon lax on its tharItableath￿tie Fund ocrountiY¥ Unrestricted funds can be used ￿cOl￿anCe ￿ the£harr(able obJ'ectNe5at thedtstreiion of trustee Re5trided funds can onty be used for part￿￿￿r TÈStr*tÈd pwposes wtthin the obj'ects of ch3fily. Re5trictiDns arlse when speofied by the donot or when fund5 are ratsed for partKukr restr￿ed purposes. Further explanation of the noture and purp)seof eath luNJ is included in therb0Tr5 to the finarKlal statement5. Page S ontinued... AFONYDD CYFYNGetyG FOR THE YEAR ENOED 31sr 2014 2024 2023 Donations Grants 155 134292 287 240,297 134M7 240,584 Giants re¢eived. induded in the ai¥)ve, are a5follows'. 2023 oihei8r3nts 134292 240.297 IPIVESTMENT INCOME 2023 Dep05St account Intere 1.193 cHARtrA8￿ ACTMnESCOSTS Support costs Isee te61 General 17fi￿7 SUPPORTCOSTS Hurnin Governance Costs Flnance Tota15 General L739 44,751 178.827 NET IPXOMEIIEXPENDITUKI Net incom￿(eXper￿UleI is ststed after tha1w￿l￿edrtIryj.' 2024 2023 Depreciation.i>wned assets 138 TRU5fEES' RÉMUNERATION ANO 8ENEFITS There wèrè trustees, refflunerat￿A or other benefits Iw y&Ar 31st December 2024 ror lor the year ended 31st TrerÈmber 2023. YNste•s' weiises There were no trustees. exwnses paid the year etwjed 31stOtten4>er2024 rx)r foT the year ended 31st December 2023. Page6 ¢ontlnued... FOR THE YEAR ENDED JISY OECEfrIBER 2014 STAFF COS15 2023 Wages and salar*s 112337 125,2 132.337 125.ZY) The average rnonthty numberof eftNkneesthJrinEthe yearwa5 a5folk)ws: 2024 2023 General The nurnbei of emktyes whose employee b￿￿ffits lexd￿￿lreernp1oYer9e￿1OnCostsl exceeded £60.CW wa5.. 21)24 2023 £EQ.L¥JI. £70.(0) io. COMPARATIVES FOR ThE STATEMENT OF RNA14aALAcnvmES Lhwesthcted fuMI Re5trKted fund Totsl funds INCOME AND ENDOWMEf4TS FROM Donations and ￿alle$ 101.288 139.296 240.584 Investrr*nt irKome OthET fft¢ome 1.193 1.193 I7.￿X> 175 Total 118,788 140.489 259.277 EXPENDffufiE OM Charitable acti¥ttle5 General 80.249 127.774 208.OZ3 NET INCOME 38,539 12.715 51,254 RECONOLIATION OF FUP4>S Total ftjnds brouEht forward 57.979 113.595 171,574 96.518 126.310 222.828 Cofillnued... AFONYDD CIMRU CYFYPIGEDIG NOTESTOTHE FlP4APK￿sTATÉ￿£p1Ys- FOR The YEAR ENDED 31ST OE(EMBER J24 ii. TANGIBLE FIXED ASSEIS Plant and m3chlDery COST At Isi January 2024 and 315t Oecembev 2024 17.017 DEPREaATION At IstJ3nU3ry 2024 Chèr8e for year 14741 138 At 31st Oecember 2014 I6￿79 NET BOOK VALUE At 3Lsi December 2024 138 At 31st December 2023 276 12. DEBTORS: AfvtOUNTS FALUNG DUE WITHIN 014E YEAR 2024 2023 Prepayments and ¥crued income 28,978 CREDITORS.. AMOUf4TS FAiLIP46 DUE WITHIN OPIE YEAR 2024 2023 Trade creditors OthÈr£rethtors Accruals and deletyed inwrr 230 4,301 171 832 9Jl 3,403 MALYSIS OF NET ASSEfs BEfwEEN FUNOS 2023 Total fund5 Unrestricted ftesir￿ed fu Total funds Fixed a55et5 Current assets 138 2W,731 16J311 276 225,955 13.4031 2LJI.113 116301 6IB 143011 197,4 193,938 222,828 15. MOVEMENT IN FUN05 Nei ernent ftsnds Transfers between fuNJs At 31112124 At 111124 unles￿(1ed funds General fund 96.5 92281 197.483 Re5trkted funds Gener81 fund- restricted 6310 I37￿741 1922811 13.5451 TOTAL FUNDS 2WOI 193,938 Page 8 conrinued... FOR The YEAR ENDED31ST DECEMBER 2024 15. Net mo¥ement in fund5, included in the abD¥e are a5f01￿. Intomin8 resources Resour￿& Movement in fund5 Unr¢&irirtedfvnds General fund 166,9121 IlestYlctedluThJ5 General fund- re5trirtal 74Jll Illl9151 137.5741 TOTAL FUNDS 10.937 I78￿17} 28MXII Comparatlve5 for mov•meTht in funds Net movement in fund5 At 3V12123 A IIV23 Unres¢rfrt¢d lu General fund 57.979 38.539 96,518 Restrkted funds General fund- restricted ll3.$95 12,715 126.310 TOTAL FUNDS 171.574 51.254 222,828 C(￿paratiVe nel rrKpvernÈlli in fund5. 1￿1bjded in the are as folkn￿. Resources expended Movement in fvnds re50urce5 Ullresirlcteillynd5 General *und 118.788 180.2491 38,539 Rfttrkied funds General fund- restrirted 140.489 1127.7741 12,715 TOTAL fu￿1$ 9,277 208,0231 51,254 Page 9 Contin￿d... AFONYDD CYMRU CYFYNGEDIG NOTESTOTHE RNAWCIAL ￿ATEmENTS.(4)nIkn￿d FOR THE YWI ENDED aisT DECEMBER 2024 15. MOvE￿NT IN FUNDS- continued A Cufrent year 12 months and prv)i wr 12 months cornbined w)5itiot) Is a$fO￿.. T￿nsFer5 tween funds mtyement inlunds At 3V12n4 At 111123 Unreslrided funds General fund 57.979 47.223 91,Z81 197,483 Resttirted thjnds Geneial fund- restricted 113595 124.8591 192,Z811 13,5451 TOTAL FUNDS 171,574 22.364 193,938 A current year 12 months and prior year 12 mcffiths combined net movement in fvnds. induded in the abovÈ are as follows.. IrKomirtg iesources Ilesour expended Movement in funds Uttrtstrirted fshx15 General fund 1147.1611 47.223 Restrltted f¥nd5 Gener41 lund- restritted 214.830 1239,6891 124,8591 TOTAL FufiDS 4(8,114 386,8501 22.364 16. REiATED PARTY DISCL05URES There were no related party transactIor￿ fort￿ year ended 31st t)e£errbber2024. Page 10 D￿AlLED STATEMENT OF IW1A*￿ACfMnES FOR THE ITAR ENOEO 3￿DECEMBER JP4 2024 Total funds 2023 Total lunds Restrirted lthds INCOME APID ENDOWMEI47S Donation5 and feea¢les Donation5 Grant5 155 134292 287 240.297 60AWi 74291 74391 134.447 240,584 vestment Depoyt act0￿￿1 Interest 1.193 Otherlncome Other income 40 15440 17,5(Kl Totsl lrtomlnrf resowtts 75596 74341 149?37 259.277 EXPENOITURE Suppoit ¢￿t5 A Tran InsurafKe Plant avtl machinery 1,601 1,049 138 1.601 L739 L187 Hurnan Tes)vernment on prog￿$5 on this matter. In the calendar year 2024. Afonydd Cymrn secured a total funding of £ 149.937. Our Reserves Policy The Trust is a registered charity and company knited by guafantee. govemed by its Articks c* Assoclation. whith were updated in 2015 to align wlth the Compan*5 kt 2(￿. Subprt to the Articles Recrultment and appolntment of Tntstees The governing body of the Tnjst is the ￿rd of Twstee5. which currentty comprises 2 irKlependent trustees and a representatlve of each rfvers tnJ5t. 2024, our &)ard remained as per the previousyear con5iSting of representative membersfrom each of ri¥eTStrusts in Wale& I40￿er, 41Page which has been implemented in January 2025. This indudes four new Inde[￿nt trustees and changes were agreed with unanimous svppjrt from the individual rivers trusts members in Wales. This annual report has been appnwed by the Trustees of Afonydd Cymru aThl s￿ned on its behalf bv: Iriscount Milts Chair Afonydd Cymru Cyfyngedig Statement of Trustees. Responsibil ities The Trustee5 (who are also thedKectors of Afryld Cymru for the purp￿ of compa lawl are responsible for prepariThx the Truste￿ Report arnl the fina￿la1 Statements in accordance with the United Stsndafds {United Generalty Ar￿pted A((￿￿tancY Practi￿) and applicable law and regulations. Company Law requires tIE Tfustees to prepare financial statements for each financial year. Under compary law the T￿￿tee5 must approve the fina￿la1 ststernents unless they are satisfied that they give a t￿￿ and fair view of the state of affairs of the tharitable tompany and of its incoming resources a￿1 application of resour￿. including its income aThl expenditure. for that period. In eparirffg thèse Ilnancial Statem*￿ theTntstee5 are requtred tr. Select suitable accounting p)licies and appty them consistentty ObseThe the Met1￿15 and wincipks in the Charities SORP Make judgements end estimates that are reasonable aThl wudent State whether appkable UK P&counting Standards I￿en followed. subject to any material departures disck)sed and explained in the financial statements Prepare the financiol statenMts on the going CO￿ basis U1￿ it is inappropriate to presume that the charitable company will Cofflin￿ in business The Tru5tee5 are respons+ble for keeping adequate accounting records that are strffic￿fit to show and explain the charitsble comparfs transactions and disdose with reasonable accuracy at any time the financial positwffi of the charitable corywany and enable them to errAffe thatthe financial Statements compty with the Companies kt 2(￿￿. They are atso responsible frjr safeguarding the assets of the tharitable company and hen￿ for takin8 reasonab￿ steps for the prelerttion and detection of fraiKI and other irregularities. Approved by the Trustee5 of the charity (date: (h1106120251 and syled on its behalf ty. Peter Powell, Treasurer